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Additional Financial Information | 12 Months Ended
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Jun. 30, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract] |
Additional Financial Information | ADDITIONAL FINANCIAL INFORMATION Interest Expense, net The following table sets forth the components of Interest expense, net included in the Statements of Operations:
| For the years ended June 30,
| 2024 |  | 2023 |  | 2022
| (in millions)
Interest expense | $ | (405) |  |  | $ | (349) |  |  | $ | (377) |
Interest income | 189 |  |  | 131 |  |  | 6 |
Total interest expense, net | $ | (216) |  |  | $ | (218) |  |  | $ | (371) |
Non-Operating Other, net The following table sets forth the components of Non-operating other, net included in the Statements of Operations:
| For the years ended June 30,
| 2024 |  | 2023 |  | 2022
| (in millions)
Net (losses) gains on investments in equity securities(a) | $ | (189) |  |  | $ | 403 |  |  | $ | (386) |
Gain on sale of assets(b) | 166 |  |  | — |  |  | 45 |
Other | (24) |  |  | (35) |  |  | (15) |
Total non-operating other, net | $ | (47) |  |  | $ | 368 |  |  | $ | (356) |
(a) | Net gains (losses) on investments in equity securities includes the gains (losses) related to the changes in fair value of the Company’s investment in Flutter (See Note 6—Fair Value) and, for the year ended June 30, 2024, the losses related to the write-down of the Company’s investment in a live streaming mobile platform that ceased operations.
(b) | See Note 3—Acquisitions, Disposals and Other Transactions.
Other Non-Current Assets The following table sets forth the components of Other non-current assets included in the Balance Sheets:
| As of June 30,
| 2024 |  | 2023
| (in millions)
Investments(a) | $ | 1,129 |  |  | $ | 1,034 |
Operating lease assets(b) | 904 |  |  | 947 |
Inventories, net | 712 |  |  | 642 |
Grantor Trust assets - long-term | 247 |  |  | 276 |
Other | 323 |  |  | 269 |
Total other non-current assets | $ | 3,315 |  |  | $ | 3,168 |
(a) | Includes investments accounted for at fair value on a recurring basis of $797 million and $884 million as of June 30, 2024 and 2023, respectively (See Note 6—Fair Value).
(b) | See Note 10—Leases under the heading “Lessee Arrangements.”
Accounts Payable, Accrued Expenses and Other Current Liabilities The following table sets forth the components of Accounts payable, accrued expenses and other current liabilities included in the Balance Sheets:
| As of June 30,
| 2024 |  | 2023
| (in millions)
Accrued expenses | $ | 1,006 |  |  | $ | 1,028 |
Programming payable | 683 |  |  | 785 |
Deferred revenue | 180 |  |  | 160 |
Operating lease liabilities | 76 |  |  | 72 |
Other current liabilities | 408 |  |  | 469 |
Total accounts payable, accrued expenses and other current liabilities | $ | 2,353 |  |  | $ | 2,514 |
Other Liabilities The following table sets forth the components of Other liabilities included in the Balance Sheets:
| As of June 30,
| 2024 |  | 2023
| (in millions)
Non-current operating lease liabilities(a) | $ | 879 |  |  | $ | 925 |
Accrued non-current pension/postretirement liabilities | 276 |  |  | 361 |
Other non-current liabilities | 211 |  |  | 198 |
Total other liabilities | $ | 1,366 |  |  | $ | 1,484 |
(a) | See Note 10—Leases under the heading “Lessee Arrangements.”
Future Performance Obligations As of June 30, 2024, approximately $4.9 billion of revenues are expected to be recognized primarily over the next one to three years. The Company’s most significant remaining performance obligations relate to affiliate contracts, sports advertising contracts and content licensing contracts with fixed fees. The amount disclosed does not include (i) revenues related to performance obligations that are part of a contract whose original expected duration is one year or less, (ii) revenues that are in the form of sales- or usage-based royalties and (iii) revenues related to performance obligations for which the Company elects to recognize revenue in the amount it has a right to invoice. Supplemental Information
| For the years ended June 30,
| 2024 |  | 2023 |  | 2022
| (in millions)
Supplemental cash flows information |  |  |  |  |
Cash paid for interest | $ | (398) |  |  | $ | (345) |  |  | $ | (383) |
Cash paid for income taxes | $ | (232) |  |  | $ | (245) |  |  | $ | (209) |
Supplemental information on acquisitions |  |  |  |  |
Fair value of assets acquired, excluding cash | $ | — |  |  | $ | — |  |  | $ | 348 |
Cash acquired | — |  |  | — |  |  | 9 |
Liabilities assumed | — |  |  | — |  |  | (47) |
Redeemable noncontrolling interests issued | — |  |  | — |  |  | (5) |
Cash paid | — |  |  | — |  |  | (252) |
Fair value of equity instruments issued as consideration to third parties(a) | — |  |  | — |  |  | 53 |
Issuance of subsidiary common units | — |  |  | — |  |  | (53) |
Fair value of equity instruments consideration | $ | — |  |  | $ | — |  |  | $ | — |
(a) | Includes Redeemable noncontrolling interests.

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