Restructuring Programs

12 Months Ended

Jun. 30, 2022

Restructuring and Related Activities [Abstract]

Restructuring Programs

NOTE 5. RESTRUCTURING PROGRAMS

The Company recorded restructuring charges of $94 million, $168 million and $140 million for the fiscal years ended June 30, 2022, 2021 and 2020, respectively, of which $34 million, $122 million and $84 million, respectively, related to the News Media segment. The restructuring charges in fiscal 2022 and fiscal 2020 primarily related to employee termination benefits. The restructuring charges recorded in fiscal 2021 include exit costs associated with the closure of the Company’s Bronx print plant and the termination of a third-party printing contract.

Changes in the restructuring program liabilities were as follows:

	One-time employee termination benefits		Facility related costs		Other costs		Total
	(in millions)
Balance, June 30, 2019	$	28	$	2	$	10	$	40
Additions	140		—		—		140
Payments	(109)		—		(1)		(110)
Other	5		(2)		—		3
Balance, June 30, 2020	$	64	$	—	$	9	$	73
Additions	83		—		85		168
Payments	(97)		—		(55)		(152)
Other	1		—		(4)		(3)
Balance, June 30, 2021	$	51	$	—	$	35	$	86
Additions	69		—		25		94
Payments	(92)		—		(19)		(111)
Other	(3)		—		—		(3)
Balance, June 30, 2022	$	25	$	—	$	41	$	66

As of June 30, 2022 and June 30, 2021 restructuring liabilities of approximately $42 million and $58 million, respectively, were included in the Balance Sheet in Other current liabilities and $24 million and $28 million, respectively, were included in Other non-current liabilities.