Additional Financial Information (Tables)
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12 Months Ended |
Jun. 30, 2025 |
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| Organization, Consolidation and Presentation of Financial Statements [Abstract] |
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| Schedule of 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, | | 2025 | | 2024 | | 2023 | | (in millions) | | Interest expense | $ | (403) | | | $ | (405) | | | $ | (349) | | | Interest income | 176 | | | 189 | | | 131 | | | Total interest expense, net | $ | (227) | | | $ | (216) | | | $ | (218) | |
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| Schedule of Components of 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, | | 2025 | | 2024 | | 2023 | | (in millions) | Net gains (losses) on investments in equity securities(a) | $ | 449 | | | $ | (189) | | | $ | 403 | | Gain on sale of assets(b) | — | | | 166 | | | — | | | Other | (11) | | | (24) | | | (35) | | | Total non-operating other, net | $ | 438 | | | $ | (47) | | | $ | 368 | |
| | | | | | (a) | Net gains (losses) on investments in equity securities includes the gains (losses) related to the change 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 Company’s investment in a live streaming mobile platform. | (b) | See Note 3—Acquisitions, Disposals and Other Transactions. |
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| Schedule of Components of 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, | | 2025 | | 2024 | | (in millions) | Investments(a) | $ | 1,621 | | | $ | 1,129 | | | Operating lease assets | 814 | | | 904 | | | Inventories, net | 742 | | | 712 | | | Grantor Trust assets - long-term | 246 | | | 247 | | | Other | 309 | | | 323 | | | Total other non-current assets | $ | 3,732 | | | $ | 3,315 | |
| | | | | | (a) | Includes investments accounted for at fair value on a recurring basis of $1.2 billion and $797 million as of June 30, 2025 and 2024, respectively (See Note 6—Fair Value). |
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| Schedule of Components of 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, | | | 2025 | | 2024 | | | (in millions) | | Accrued expenses | $ | 1,081 | | | $ | 1,006 | | | Programming payable | 1,070 | | | 683 | | | Deferred revenue | 299 | | | 180 | | | Operating lease liabilities | 41 | | | 76 | | | Other current liabilities | 406 | | | 408 | | | Total accounts payable, accrued expenses and other current liabilities | $ | 2,897 | | | $ | 2,353 | |
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| Schedule of Components of Other Liabilities |
The following table sets forth the components of Other liabilities included in the Balance Sheets: | | | | | | | | | | | | | | As of June 30, | | | 2025 | | 2024 | | | (in millions) | | Non-current operating lease liabilities | $ | 822 | | | $ | 879 | | | Accrued non-current pension/postretirement liabilities | 276 | | | 276 | | | Other non-current liabilities | 243 | | | 211 | | | Total other liabilities | $ | 1,341 | | | $ | 1,366 | |
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| Schedule of Supplemental Information |
The following table summarizes supplemental information on the Statements of Cash Flows: | | | | | | | | | | | | | | | | | | | For the years ended June 30, | | 2025 | | 2024 | | 2023 | | (in millions) | | Supplemental cash flow information | | | | | | | Cash paid for interest | $ | (402) | | | $ | (398) | | | $ | (345) | | | Cash paid for income taxes | $ | (515) | | | $ | (232) | | | $ | (245) | |
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