Goodwill and Other Intangible Assets (Tables)

12 Months Ended

Jun. 30, 2016

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Carrying Values of Intangible Assets and Related Accumulated Amortization

The carrying values of the Company’s intangible assets and related accumulated amortization for the fiscal years ended June 30, 2016 and June 30, 2015 were as follows:

	As of June 30,
	2016		2015
	(in millions)
Intangible Assets Not Subject to Amortization
Newspaper Mastheads	$	307	$	308
Distribution Networks		391		392
Imprints		245		266
Trademarks and tradenames		191		120
Total intangible assets not subject to amortization		1,134		1,086
Intangible Assets Subject to Amortization
Channel Distribution Agreements(a)		342		366
Publishing Rights(b)		365		389
Customer Relationships(c)		336		336
Other(d)		30		26
Total intangible assets subject to amortization, net		1,073		1,117
Total Intangible assets, net	$	2,207	$	2,203

^(a) Net of accumulated amortization of $58 million and $43 million as of June 30, 2016 and 2015, respectively. The average useful life of the channel distribution agreements is 25 years primarily based on the period that a majority of the future cash flows from these intangibles will be generated.

^(b) Net of accumulated amortization of $150 million and $122 million as of June 30, 2016 and 2015, respectively. The average useful life of publishing rights is 4 to 30 years primarily based on the weighted-average remaining contractual terms of the underlying publishing contracts and the Company’s estimates of the period within those terms that the asset is expected to generate a majority of its future cash flows.

^(c) Net of accumulated amortization of $363 million and $340 million as of June 30, 2016 and 2015, respectively. The average useful life of customer relationships ranges from 2 to 25 years. The useful lives of these assets are estimated by applying historical attrition rates and determining the resulting period over which a majority of the accumulated undiscounted cash flows related to the customer relationships are expected to be generated. The useful lives represent the periods over which these intangible assets are expected to contribute directly or indirectly to the Company’s future cash flows.

^(d) Net of accumulated amortization of $69 million and $50 million as of June 30, 2016 and 2015, respectively. The average useful life of other intangible assets ranges from 2 to 15 years. The useful lives represent the periods over which these intangible assets are expected to contribute directly or indirectly to the Company’s future cash flows.

Schedule of Changes in Carrying Value of Goodwill, by Segment

The changes in the carrying value of goodwill, by segment, are as follows:

	News and Information Services			Book Publishing			Digital Real Estate Services			Cable Network Programming			Other		Total Goodwill
	(in millions)
Balance, June 30, 2014	$	1,701		$	71		$	86		$	599		$	—	$	2,457
Acquisitions		—			191			566			—			4		761
Foreign currency movements		(5	)		(21	)		(16	)		(113	)		—		(155	)
Balance, June 30, 2015	$	1,696		$	241		$	636		$	486		$	4	$	3,063
Acquisitions		80			31			545			—			—		656
Foreign currency movements		(11	)		(12	)		28			(10	)		—		(5	)
Balance, June 30, 2016	$	1,765		$	260		$	1,209		$	476		$	4	$	3,714