v3.25.1
Additional Financial Information
 9 Months Ended
Mar. 31, 2025
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Additional Financial Information ADDITIONAL FINANCIAL INFORMATION
Restructuring, Impairment and Other Corporate Matters
The following table sets forth the components of Restructuring, impairment and other corporate matters included in the Statements of Operations:
For the three months ended March 31,
For the nine months ended March 31,
2025202420252024
(in millions)
Restructuring charges(a)
$(15)$— $(26)$— 
Other corporate matters
Legal settlement costs(a)
(25)— (122)(4)
U.K. Newspaper Matters Indemnity(b)
(14)(3)(33)(15)
Other(a)
(1)(12)(70)(5)
Total restructuring, impairment and other corporate matters$(55)$(15)$(251)$(24)
(a)
Primarily related to Venu Sports (See Note 2—Acquisitions, Disposals and Other Transactions).
(b)
See Note 8—Commitments and Contingencies under the heading "U.K. Newspaper Matters Indemnity."
Interest Expense, net
The following table sets forth the components of Interest expense, net included in the Statements of Operations:
For the three months ended March 31,
For the nine months ended March 31,
2025202420252024
(in millions)
Interest expense$(94)$(99)$(313)$(309)
Interest income39 44 128 140 
Total interest expense, net$(55)$(55)$(185)$(169)
Non-Operating Other, net
The following table sets forth the components of Non-operating other, net included in the Statements of Operations:
For the three months ended March 31,
For the nine months ended March 31,
2025202420252024
(in millions)
Net (losses) gains on investments in equity securities(a)
$(155)$83 $164 $(110)
Gain on sale of assets(b)
— 167 — 167 
Other(3)(6)(8)(18)
Total non-operating other, net$(158)$244 $156 $39 
(a)
Net (losses) gains on investments in equity securities includes the (losses) gains related to the change in fair value of the Company’s investment in Flutter (See Note 4—Fair Value), and for the nine months ended March 31, 2024, the losses related to the Company’s investment in a live streaming mobile platform.
(b)
Gain on sale of assets related to the launch of the United Football League during the three and nine months ended March 31, 2024.
Other Non-Current Assets
The following table sets forth the components of Other non-current assets included in the Balance Sheets:
 
As of
March 31,
2025
As of
June 30,
2024
 (in millions)
Investments(a)
$1,362 $1,129 
Operating lease assets859 904 
Inventories, net802 712 
Grantor Trust240 247 
Other314 323 
Total other non-current assets$3,577 $3,315 
(a)
Includes investments accounted for at fair value on a recurring basis of $970 million and $797 million as of March 31, 2025 and June 30, 2024, respectively (See Note 4—Fair Value).
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
March 31,
2025
As of
June 30,
2024
(in millions)
Programming payable$1,317 $683 
Accrued expenses959 1,006 
Deferred revenue253 180 
Operating lease liabilities51 76 
Other current liabilities387 408 
Total accounts payable, accrued expenses and other current liabilities$2,967 $2,353 
Other Liabilities
The following table sets forth the components of Other liabilities included in the Balance Sheets:
As of
March 31,
2025
As of
June 30,
2024
(in millions)
Non-current operating lease liabilities$855 $879 
Accrued non-current pension/postretirement liabilities261 276 
Other non-current liabilities217 211 
Total other liabilities$1,333 $1,366 
Future Performance Obligations
As of March 31, 2025, approximately $4.9 billion of revenues are expected to be recognized primarily over the next one to three years. The Company’s most significant remaining performance obligations relate to affiliate contracts, content licensing contracts with fixed fees and sports advertising contracts. The amount disclosed does not include (i) revenues related to performance obligations that are part of a contract whose original expected duration is one year or less, (ii) revenues that are in the form of sales- or usage-based royalties and (iii) revenues related to performance obligations for which the Company elects to recognize revenue in the amount it has a right to invoice.
Supplemental Information
For the nine months ended March 31,
 20252024
 (in millions)
Supplemental cash flows information
Cash paid for interest$(342)$(338)
Cash paid for income taxes$(350)$(148)