v3.25.2
ADDITIONAL FINANCIAL INFORMATION
 12 Months Ended
Jun. 30, 2025
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
ADDITIONAL FINANCIAL INFORMATION
NOTE 21. ADDITIONAL FINANCIAL INFORMATION
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,
20252024
(in millions)
Royalty advances to authors$377 $375 
Non-current receivables320 300 
Retirement benefit assets165 147 
Other138 135 
Total Other non-current assets$1,000 $957 
Other Current Liabilities
The following table sets forth the components of Other current liabilities included in the Balance Sheets:
As of June 30,
20252024
(in millions)
Royalties and commissions payable$202 $215 
Allowance for sales returns138 141 
Current operating lease liabilities74 89 
Other300 327 
Total Other current liabilities$714 $772 
Accumulated Other Comprehensive Loss
The components of Accumulated other comprehensive loss were as follows:
For the fiscal years ended June 30,
202520242023
(in millions)
Accumulated other comprehensive loss, net of tax:
Cash flow hedge adjustments:
Balance, beginning of year
22 33 21 
Fiscal year activity(a)
(13)(11)12 
Balance, end of year
9 22 33 
Benefit plan adjustments:
Balance, beginning of year
(309)(328)(321)
Fiscal year activity(b)
(18)19 (7)
Balance, end of year
(327)(309)(328)
Foreign currency translation adjustments:
Balance, beginning of year
(964)(952)(970)
Fiscal year activity(261)(12)18 
Balance, end of year
(1,225)(964)(952)
Total accumulated other comprehensive loss, net of tax:
Balance, beginning of year
(1,251)(1,247)(1,270)
Fiscal year activity, net of income taxes(c)
(292)(4)23 
Balance, end of year
$(1,543)$(1,251)$(1,247)
(a)Net of income tax expense (benefit) of $(4) million, $(4) million and $4 million for the fiscal years ended June 30, 2025, 2024 and 2023 respectively.
(b)Net of income tax expense (benefit) of $(7) million, $6 million and $(2) million for the fiscal years ended June 30, 2025, 2024 and 2023, respectively.
(c)Excludes $(33) million, $(1) million and $(18) million relating to noncontrolling interests for the fiscal years ended June 30, 2025, 2024 and 2023, respectively.
Other, net
The following table sets forth the components of Other, net included in the Statements of Operations:
For the fiscal years ended June 30,
202520242023
(in millions)
Remeasurement of equity securities$21 $(13)$(9)
Gain on sale of investment in PropertyGuru
87 — — 
Other3 (46)12 
Total Other, net$111 $(59)$3 
Supplemental Cash Flow Information
The following table sets forth the Company’s gross cash paid for interest and taxes:
For the fiscal years ended June 30,
202520242023
(in millions)
Cash paid for interest
$93 $97 $61 
Cash paid for taxes
208 156 149