Additional Financial Information (Tables)

12 Months Ended

Jun. 30, 2015

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Components of Other Current Assets Included in Balance Sheets

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

	As of June 30,
	2015		2014
	(in millions)
Inventory(a)	$	319	$	310
Deferred tax assets		61		76
Other		271		285
Total Other current assets	$	651	$	671

^(a)  Inventory as of June 30, 2015 and 2014 was primarily comprised of books, newsprint, printing ink, plate material and programming rights.

Components of Other Non-Current Assets Included in Balance Sheets

The following table sets forth the components of Other non-current assets included in the Balance Sheets:

	As of June 30,
	2015		2014
	(in millions)
Royalty advances to authors	$	304	$	267
Notes receivable(a)		39		83
Deferred tax assets		216		146
Other		129		186
Total Other non-current assets	$	688	$	682

^(a)  Notes receivable relates to the Company’s sale of its former U.K. newspaper division headquarters.

Components of Other Current Liabilities

The following table sets forth the components of Other current liabilities:

	As of June 30,
	2015		2014
	(in millions)
Current tax payable	$	27	$	25
Current deferred income tax		1		36
Royalties and commissions payable		163		168
Other		213		202
Total Other current liabilities	$	404	$	431

Components of Other, Net Included in Statements of Operations

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

	For the fiscal years ended June 30,
	2015		2014			2013
	(in millions)
Foreign tax refund payable to 21st Century Fox(a)	$	—	$	(721	)	$	—
Gain on third party pension contribution(b)		—		37			—
Gain on sale of Australian property		—		36			—
Gain on sale of marketable securities(c)		29		6			—
Dividends received from cost method investments		25		—			—
Gain on sale of cost method investments		15		—			12
Gain on CMH transaction(d)		—		—			1,263
Gain on sale of investment in SKY Network Television Ltd.(c)		—		—			321
Other		6		(11	)		(3	)
Total Other, net	$	75	$	(653	)	$	1,593

^(a)  See Note 17—Income Taxes

^(b)  See Note 15—Retirement Benefit Obligations

^(c)  See Note 5—Investments

^(d)  See Note 3—Acquisitions, Disposals and Other Transactions

Components of Accumulated Other Comprehensive (Loss) Income

The components of Accumulated other comprehensive (loss) income were as follows:

	For the fiscal years ended June 30,
	2015			2014			2013
	(in millions)
Accumulated other comprehensive (loss) income, net of tax:
Unrealized holding gains (losses) on securities:
Balance, beginning of year	$	24		$	2		$	1
Fiscal year activity(a)		(5	)		22			1
Balance, end of year		19			24			2
Benefit plan adjustments:
Balance, beginning of year		(384	)		(348	)		(358	)
Fiscal year activity(b)		(29	)		(36	)		10
Balance, end of year		(413	)		(384	)		(348	)
Foreign currency translation adjustments:
Balance, beginning of year		971			617			1,404
Fiscal year activity(c)		(1,159	)		354			(787	)
Balance, end of year		(188	)		971			617
Share of other comprehensive income from equity affiliates, net:
Balance, beginning of year		(1	)		—			—
Fiscal year activity(d)		1			(1	)		—
Balance, end of year		—			(1	)		—
Total accumulated other comprehensive (loss) income, net of tax:
Balance, beginning of year		610			271			1,047
Fiscal year activity, net of income taxes		(1,192	)		339			(776	)
Balance, end of year	$	(582	)	$	610		$	271

^(a)  Net of income tax expense of nil, $14 million and nil for the fiscal years ended June 30, 2015, 2014 and 2013, respectively.

^(b)  Net of income tax (benefit) expense of ($11) million, ($3) million and $5 million for the fiscal years ended June 30, 2015, 2014 and 2013, respectively.

^(c)  Excludes ($24) million, $2 million and ($10) million relating to noncontrolling interests for the fiscal years ended June 30, 2015, 2014 and 2013, respectively.

^(d)  Net of income tax expense (benefit) of $1 million, ($1) million and nil for the fiscal years ended June 30, 2015, 2014 and 2013, respectively.