v3.25.2
GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)
 12 Months Ended
Jun. 30, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Carrying Values of Intangible Assets
The net carrying values of the Company’s intangible assets for the fiscal years ended June 30, 2025 and June 30, 2024 were as follows:
As of June 30,
20252024
(in millions)
Intangible Assets Not Subject to Amortization
Trademarks and tradenames$276 $267 
Newspaper mastheads281 281 
Imprints250 222 
Radio broadcast licenses123 113 
Total intangible assets not subject to amortization930 883 
Intangible Assets Subject to Amortization
Publishing rights
267 285 
Customer relationships
708 750 
Other
25 30 
Total intangible assets subject to amortization, net1,000 1,065 
Total Intangible assets, net$1,930 $1,948 
Schedule of Information Related to Amortizable Intangible Assets and Related Accumulated Amortization
Information related to amortizable intangible assets and related accumulated amortization for the fiscal years ended June 30, 2025 and June 30, 2024 is summarized below:
Useful lives
As of June 30,
20252024
Gross
Accumulated Amortization
Net
Gross
Accumulated Amortization
Net
(in millions)
Publishing rights(a)
3 to 30 years
$677 $410 $267 $658 $373 $285 
Customer relationships(b)
3 to 25 years
1,373 665 708 1,357 607 750 
Other(c)
3 to 15 years
125 100 25 125 95 30 
Total
$2,175 $1,175 $1,000 $2,140 $1,075 $1,065 
(a)The useful lives of publishing rights are primarily based on the weighted-average remaining contractual terms of the underlying publishing contracts and the Company’s estimates of the period within those terms that the asset is expected to generate a majority of its future cash flows.
(b)The useful lives of customer relationships are estimated by applying historical attrition rates and determining the resulting period over which a majority of the accumulated undiscounted cash flows related to the customer relationships are expected to be generated.
(c)The useful lives of other intangible assets represent the periods over which these intangible assets are expected to contribute directly or indirectly to the Company’s future cash flows.
Schedule of Expected Amortization Expense
Based on the current amount of amortizable intangible assets, the estimated amortization expense for each of the succeeding five fiscal years is as follows:
As of June 30, 2025
(in millions)
Fiscal 2026$97 
Fiscal 202792 
Fiscal 202888 
Fiscal 202983 
Fiscal 203079 
Schedule of Changes in Carrying Value of Goodwill, by Segment
The changes in the carrying value of goodwill, by segment, are as follows:
Dow Jones
Digital Real Estate Services
Book Publishing
News Media
Total Goodwill
(in millions)
Balance, June 30, 2023$2,195 $1,542 $413 $141 $4,291 
Acquisitions
— 60 — — 60 
Impairments— — — (9)(9)
Foreign exchange and other— 2 (7)(1)(6)
Balance, June 30, 2024$2,195 $1,604 $406 $131 $4,336 
Acquisitions
44 (8)16 — 52 
Foreign exchange and other— (21)2 4 (15)
Balance, June 30, 2025$2,239 $1,575 $424 $135 $4,373