XML 128 R85.htm IDEA: XBRL DOCUMENT v2.4.0.8
Related Party Transactions and 21st Century Fox Investment - Schedule of Components of Net Decrease in Investment (Detail) (USD $)
In Millions, unless otherwise specified
12 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2014
Contribution of assets and liabilities assumed upon Separation:      
Net decrease in 21st Century Fox investment $ (4,019) $ 966  
21st Century Fox [Member]
     
Related Party Transaction [Line Items]      
Cash pooling and general financing activities (176) [1] (1,178) [1]  
Corporate allocations 240 212  
Cash transfer from 21st Century Fox for acquisitions and dispositions 1,933 0  
Contribution of assets and liabilities assumed upon Separation:      
Cash 786 0  
Amounts due from 21st Century Fox 247 [2] 0 [2] 66
Taxes payable 571 [3] 0 [3]  
Deferred taxes, net of valuation allowances 416 [4] 0 [4]  
Cost and equity-based investments 127 0  
Employee benefits and compensation liabilities (94) 0  
Redeemable preferred stock (20) 0  
Other liabilities, net (11) 0  
Conversion of 21st Century Fox investment to Additional paid-in capital (12,287) 0  
Net decrease in 21st Century Fox investment $ (8,268) $ (966)  
[1] The activities included in the line item "Cash pooling and general financing activities" include financing activities for capital transfers, cash sweeps and other treasury services prior to the Separation. Such pooling activities no longer exist between the Company and 21st Century Fox post-Separation.
[2] The amounts due from 21st Century Fox consisted of a receivable of $207 million related to the final cash distribution which was received from 21st Century Fox during the first quarter of fiscal 2014 and $40 million related to the indemnification of certain costs related to the U.K. Newspaper Matters as discussed below.
[3] For purposes of the Company's Financial Statements for periods prior to the Separation, income tax expense has been recorded as if the Company filed tax returns on a stand-alone basis separate from 21st Century Fox by applying the separate tax returns method. This amount represents the difference between the separate return method and the actual income tax liabilities allocated to the Company, pursuant to the applicable tax law, as of the Distribution Date.
[4] The deferred taxes primarily relate to a U.S. deferred tax asset of $429 million ($378 million, net of valuation allowance) as a result of the increased tax basis recognized for goodwill and intangible assets pursuant to the internal reorganization, that transferred to the Company upon Separation. (See Note 17 - Income Taxes).