XML 32 R14.htm IDEA: XBRL DOCUMENT v3.24.2.u1
Inventories, Net
 12 Months Ended
Jun. 30, 2024
Inventory Disclosure [Abstract]  
Inventories, Net INVENTORIES, NET
The Company’s inventories were comprised of the following:
As of June 30,
20242023
(in millions)
Licensed programming, including prepaid sports rights$841 $720 
Owned programming497 465 
Total inventories, net1,338 1,185 
Less: current portion of inventories, net(626)(543)
Total non-current inventories, net$712 $642 
Owned programming
Released$238 $256 
In-process or other259 209 
Total$497 $465 
The following table presents the aggregate amortization expense related to Inventories, net included in Operating expenses in the Statements of Operations:
For the years ended June 30,
202420232022
(in millions)
Total amortization expense$5,473 $6,036 $5,379 
Based on the balance of inventories, net as of June 30, 2024, the estimated amortization expense for each of the succeeding three fiscal years is as follows:
For the years ending June 30,
202520262027
(in millions)
Estimated amortization expense$754 $141 $58 
Inventories are evaluated for recoverability when an event or circumstance occurs that indicates that fair value may be less than unamortized costs. The Company will determine if there is an impairment by evaluating the fair value of the inventories, which are primarily supported by internal forecasts as compared to unamortized costs. The Company recognized impairments of approximately $40 million, $10 million and $50 million in fiscal 2024, 2023 and 2022, respectively, related to owned programming at the Cable Network Programming and Television segments, which were recorded in Operating expenses in the Statements of Operations.