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UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
6 Months Ended
Dec. 31, 2025
Dec. 31, 2024
OPERATING ACTIVITIES    
Net income $ 856 $ 1,220
Adjustments to reconcile net income to net cash used in operating activities    
Depreciation and amortization 198 188
Restructuring, impairment and other corporate matters 6 196
Equity-based compensation 60 68
Equity earnings of affiliates (2) (7)
Cash distributions received from affiliates 0 13
Non-operating other, net 286 (314)
Deferred income taxes 100 145
Change in operating assets and liabilities, net of acquisitions and dispositions    
Receivables and other assets (1,173) (1,190)
Inventories net of programming payable (937) (431)
Accounts payable and accrued expenses (92) (75)
Other changes, net (101) (17)
Net cash used in operating activities (799) (204)
INVESTING ACTIVITIES    
Property, plant and equipment (226) (138)
Purchase of investments (143) (79)
Other investing activities, net (24) (23)
Net cash used in investing activities (393) (240)
FINANCING ACTIVITIES    
Repurchase of shares (1,800) (500)
Dividends paid and distributions (147) (134)
Purchase of noncontrolling interest (208) 0
Other financing activities, net 13 81
Net cash used in financing activities (2,142) (553)
Net decrease in cash and cash equivalents (3,334) (997)
Cash and cash equivalents, beginning of year 5,351 4,319
Cash and cash equivalents, end of period $ 2,017 $ 3,322