Inventories, Net (Tables)

12 Months Ended

Jun. 30, 2025

The Company’s inventories were comprised of the following:


	As of June 30,
	2025		2024
	(in millions)
Licensed programming, including prepaid sports rights	$	633	$	841
Owned programming	541		497
Total inventories, net	1,174		1,338
Less: current portion of inventories, net	(432)		(626)
Total non-current inventories, net	$	742	$	712

Owned programming
Released	$	308	$	238
In-process or other	233		259
Total	$	541	$	497

Schedule of Inventories Aggregate Amortization Expense

The following table presents the aggregate amortization expense related to Inventories, net included in Operating expenses in the Statements of Operations:


	For the years ended June 30,
	2025		2024		2023
	(in millions)
Total amortization expense	$	6,638	$	5,473	$	6,036

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense

Based on the balance of Inventories, net as of June 30, 2025, the estimated amortization expense for each of the succeeding three fiscal years is as follows:


	For the years ending June 30,
	2026		2027		2028
	(in millions)
Estimated amortization expense	$	555	$	140	$	88