Additional Financial Information (Tables)

9 Months Ended

Mar. 31, 2024

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Schedule of Components of Restructuring, Impairment and Other Corporate Matters

The following table sets forth the components of Restructuring, impairment and other corporate matters included in the Statements of Operations:

	For the three months ended March 31,				For the nine months ended March 31,
	2024		2023		2024		2023
	(in millions)
Restructuring charges	$	—	$	(1)	$	—	$	(12)
Other corporate matters
U.K. Newspaper Matters Indemnity(a)	(3)		(24)		(15)		(106)
Legal settlement costs(b)	—		(850)		(4)		(850)
Other	(12)		(18)		(5)		(47)
Total restructuring, impairment and other corporate matters	$	(15)	$	(893)	$	(24)	$	(1,015)

(a)	See Note 8—Commitments and Contingencies under the heading “U.K. Newspaper Matters Indemnity.” The decrease for the nine months ended March 31, 2024, as compared to the corresponding period of fiscal 2023, was attributable to an increase in the number of civil claims submitted in fiscal 2023 in advance of the September 30, 2022 cutoff date set by the judge for this phase of the litigation.
(b)	See Note 8—Commitments and Contingencies under the heading “Defamation and Disparagement Claims.”

Schedule of Interest Income and Interest Expense Disclosure

The following table sets forth the components of Interest expense, net included in the Statements of Operations:

	For the three months ended March 31,				For the nine months ended March 31,
	2024		2023		2024		2023
	(in millions)
Interest expense	$	(99)	$	(86)	$	(309)	$	(262)
Interest income	44		31		140		79
Total interest expense, net	$	(55)	$	(55)	$	(169)	$	(183)

Schedule of Components of Non-Operating Other, Net

The following table sets forth the components of Non-operating other, net included in the Statements of Operations:

	For the three months ended March 31,				For the nine months ended March 31,
	2024		2023		2024		2023
	(in millions)
Gain on sale of assets(a)	$	167	$	—	$	167	$	—
Net gains (losses) on investments in equity securities(b)	81		183		(110)		320
Other	(6)		(9)		(18)		(27)
Total non-operating other, net	$	242	$	174	$	39	$	293

(a)

See Note 2—Acquisitions, Disposals and Other Transactions.

(b)

Net gains (losses) on investments in equity securities includes the gains (losses) related to the change in fair value of the Company’s investment in Flutter (See Note 4—Fair Value), equity earnings (losses) of affiliates, and, for the nine months ended March 31, 2024, the losses related to the Company’s investment in a live streaming mobile platform. As a result of an additional round of financing at a lower valuation, a write-down was recognized for this investment which is accounted for using the measurement alternative method.

Schedule of Components of Other Non-current Assets

The following table sets forth the components of Other non-current assets included in the Balance Sheets:

	As of March 31, 2024		As of June 30, 2023
	(in millions)
Investments(a)	$	1,250	$	1,034
Operating lease assets	895		947
Inventories, net	692		642
Grantor Trust	247		276
Other	250		269
Total other non-current assets	$	3,334	$	3,168

(a) Includes investments accounted for at fair value on a recurring basis of $868 million and $884 million as of March 31, 2024 and June 30, 2023, respectively (See Note 4—Fair Value).

Schedule of Components of Accounts Payable, Accrued Expenses and Other Current Liabilities

The following table sets forth the components of Accounts payable, accrued expenses and other current liabilities included in the Balance Sheets:

	As of March 31, 2024		As of June 30, 2023
	(in millions)
Accrued expenses	$	873	$	1,028
Programming payable	754		785
Deferred revenue	168		160
Operating lease liabilities	73		72
Other current liabilities	349		469
Total accounts payable, accrued expenses and other current liabilities	$	2,217	$	2,514

Schedule of Components of Other Liabilities

The following table sets forth the components of Other liabilities included in the Balance Sheets:

	As of March 31, 2024		As of June 30, 2023
	(in millions)
Non-current operating lease liabilities	$	870	$	925
Accrued non-current pension/postretirement liabilities	287		361
Other non-current liabilities	222		198
Total other liabilities	$	1,379	$	1,484

Schedule of Supplemental Information

	For the nine months ended March 31,
	2024		2023
	(in millions)
Supplemental cash flows information
Cash paid for interest	$	(338)	$	(324)
Cash paid for income taxes	$	(148)	$	(239)