Additional Financial Information (Tables)

3 Months Ended

Sep. 30, 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 September 30,
	2024		2023
	(in millions)
Restructuring charges	$	(8)	$	—
Other corporate matters
Legal settlement costs	(7)		—
U.K. Newspaper Matters Indemnity(a)	(6)		(5)
Other	(5)		14
Total restructuring, impairment and other corporate matters	$	(26)	$	9

(a) See Note 8—Commitments and Contingencies under the heading "U.K. Newspaper Matters Indemnity."

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 September 30,
	2024		2023
	(in millions)
Interest expense	$	(102)	$	(91)
Interest income	52		49
Total interest expense, net	$	(50)	$	(42)

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 September 30,
	2024		2023
	(in millions)
Net gains (losses) on investments in equity securities(a)	$	236	$	(171)
Other	(3)		(5)
Total non-operating other, net	$	233	$	(176)

(a) 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).

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 September 30, 2024		As of June 30, 2024
	(in millions)
Investments(a)	$	1,355	$	1,129
Operating lease assets	889		904
Inventories, net	863		712
Grantor Trust	261		247
Other	343		323
Total other non-current assets	$	3,711	$	3,315

(a) Includes investments accounted for at fair value on a recurring basis of $1.04 billion and $797 million as of September 30, 2024 and June 30, 2024, 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 September 30, 2024		As of June 30, 2024
	(in millions)
Accrued expenses	$	814	$	1,006
Programming payable	686		683
Deferred revenue	328		180
Operating lease liabilities	76		76
Other current liabilities	501		408
Total accounts payable, accrued expenses and other current liabilities	$	2,405	$	2,353

Schedule of Components of Other Liabilities

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

	As of September 30, 2024		As of June 30, 2024
	(in millions)
Non-current operating lease liabilities	$	861	$	879
Accrued non-current pension/postretirement liabilities	277		276
Other non-current liabilities	218		211
Total other liabilities	$	1,356	$	1,366

Schedule of Supplemental Information

	For the three months ended September 30,
	2024		2023
	(in millions)
Supplemental cash flows information
Cash paid for interest	$	(133)	$	(158)
Cash paid for income taxes	$	(21)	$	(2)