Additional Financial Information (Tables)

12 Months Ended

Jun. 30, 2026

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Schedule of Interest Expense, Net

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

	For the years ended June 30,
	2026		2025		2024
	(in millions)
Interest expense	$	(401)	$	(403)	$	(405)
Interest income	127		176		189
Total interest expense, net	$	(274)	$	(227)	$	(216)

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 years ended June 30,
	2026		2025		2024
	(in millions)
Net (losses) gains on investments in equity securities(a)	$	(761)	$	449	$	(189)
Gain on sale of assets(b)	—		—		166
Other	(12)		(11)		(24)
Total non-operating other, net	$	(773)	$	438	$	(47)

(a)	Net (losses) gains on investments in equity securities includes the (losses) gains related to the change in fair value of the Company’s investment in Flutter (See Note 6—Fair Value), and for the year ended June 30, 2024, the losses related to the Company’s investment in a live streaming mobile platform.
(b)	See Note 3—Acquisitions, Disposals and Other Transactions.

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 June 30,
	2026		2025
	(in millions)
Investments(a)	$	965	$	1,621
Operating lease assets	851		814
Inventories, net	845		742
Grantor Trust assets	244		246
Other	322		309
Total other non-current assets	$	3,227	$	3,732

(a) Includes investments accounted for at fair value on a recurring basis of $467 million and $1.2 billion as of June 30, 2026 and 2025, respectively (See Note 6—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 June 30,
	2026		2025
	(in millions)
Accrued expenses	$	1,204	$	1,081
Programming payable	801		1,070
Deferred revenue	272		299
Operating lease liabilities	45		41
Other current liabilities	345		406
Total accounts payable, accrued expenses and other current liabilities	$	2,667	$	2,897

Schedule of Components of Other Liabilities

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

	As of June 30,
	2026		2025
	(in millions)
Non-current operating lease liabilities	$	917	$	822
Accrued non-current pension/postretirement liabilities	263		276
Other non-current liabilities	215		243
Total other liabilities	$	1,395	$	1,341

Schedule of Changes in Redeemable Noncontrolling Interests

The changes in redeemable noncontrolling interests classified as Level 3 measurements were as follows:

	For the years ended June 30,
	2026		2025		2024
	(in millions)
Beginning of year	$	288	$	242	$	213
Acquisitions(a)	—		27		—
Net income (loss)	5		(1)		(1)
Redemption of noncontrolling interests	(208)		—		—
Accretion and redemption value adjustments	1		20		30
End of year	$	86	$	288	$	242

(a) See Note 3—Acquisitions, Disposals and Other Transactions.

Schedule of Supplemental Information

The following table summarizes supplemental information on the Statements of Cash Flows:

	For the years ended June 30,
	2026		2025		2024
	(in millions)
Supplemental cash flow information
Cash paid for interest	$	(440)	$	(402)	$	(398)
Cash paid for income taxes
Federal	$	(245)	$	(394)	$	(207)
State	(77)		(113)		(18)
Foreign	(13)		(8)		(7)
Total cash paid for income taxes	$	(335)	$	(515)	$	(232)