Additional Financial Information (Tables)

12 Months Ended

Jun. 30, 2023

Organization, Consolidation and Presentation of Financial Statements [Abstract]

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


	As of June 30,
	2023		2022
	(in millions)
Royalty advances to authors	$	376	$	403
Retirement benefit assets	134		133
Inventory(a)	267		268
News America Marketing deferred consideration	157		142
Other	407		438
Total Other non-current assets	$	1,341	$	1,384

________________________

(a)Primarily consists of the non-current portion of programming rights.

Components of Other Current Liabilities

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


	As of June 30,
	2023		2022
	(in millions)
Royalties and commissions payable	$	206	$	215
Current operating lease liabilities	112		139
Allowance for sales returns	154		173
Current tax payable	16		18
Other	465		430
Total Other current liabilities	$	953	$	975

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,
	2023		2022		2021
	(in millions)
Remeasurement of equity securities	$	(9)	$	(59)	$	81
Dividends received from equity security investments	6		20		9

Gain on sale of businesses(a)	—		98		18
Gain on remeasurement of previously-held interest(b)	—		3		7
Gain on dilution of PropertyGuru investment(c)	—		15		—
Other	4		(25)		28
Total Other, net	$	1	$	52	$	143

________________________

(a)During the fiscal year ended June 30, 2022, REA Group acquired an 18% interest in PropertyGuru in exchange for all shares of REA Group’s entities in Malaysia and Thailand. The Company recognized a gain of $107 million on the disposition of such entities. During the fiscal year ended June 30, 2021, Move sold the assets associated with its Top Producer professional software and service product and recognized an $18 million gain on the sale.

(b)Relates to the acquisition of REA India in the fiscal year ended June 30, 2021.

(c)During the fiscal year ended June 30, 2022, PropertyGuru completed its merger with Bridgetown 2 Holdings Limited. As a result of the merger and subsequent investments made in connection with the transaction, REA Group’s ownership interest in PropertyGuru was 17.5% and a gain of $15 million was recorded resulting from its ownership dilution in the transaction.

Summary of Supplemental Cash Flow Information

The following table sets forth the Company’s gross cash paid for taxes and interest:


	For the fiscal years ended June 30,
	2023		2022		2021
	(in millions)
Cash paid for interest	$	117	$	96	$	55
Cash paid for taxes	150		180		176

Components of Accumulated Other Comprehensive Loss

The components of Accumulated other comprehensive loss were as follows:


	For the fiscal years ended June 30,
	2023		2022		2021
	(in millions)
Accumulated other comprehensive loss, net of tax:




Cash flow hedge adjustments:
Balance, beginning of year	21		—		2
Fiscal year activity(a)	12		21		(2)
Balance, end of year	33		21		—
Benefit Plan Adjustments:
Balance, beginning of year	(321)		(392)		(394)
Fiscal year activity(b)	(7)		71		2
Balance, end of year	(328)		(321)		(392)
Foreign currency translation adjustments:
Balance, beginning of year	(970)		(549)		(939)
Fiscal year activity	18		(421)		390
Balance, end of year	(952)		(970)		(549)




Total accumulated other comprehensive loss, net of tax:
Balance, beginning of year	(1,270)		(941)		(1,331)
Fiscal year activity, net of income taxes(c)	23		(329)		390
Balance, end of year	$	(1,247)	$	(1,270)	$	(941)

________________________

(a)Net of income tax expense of $4 million, $7 million and nil for the fiscal years ended June 30, 2023, 2022 and 2021 respectively.

(b)Net of income tax (benefit) expense of $(2) million, $19 million and $(1) million for the fiscal years ended June 30, 2023, 2022 and 2021, respectively.

(c)Excludes $(18) million, $(97) million and $78 million relating to noncontrolling interests for the fiscal years ended June 30, 2023, 2022 and 2021, respectively.