v3.25.3
Inventories, Net
 3 Months Ended
Sep. 30, 2025
Inventory Disclosure [Abstract]  
Inventories, Net INVENTORIES, NET
The Company’s inventories were comprised of the following:
As of
September 30,
2025
As of
June 30,
2025
(in millions)
Licensed programming, including prepaid sports rights$775 $633 
Owned programming587 541 
Total inventories, net1,362 1,174 
Less: current portion of inventories, net(509)(432)
Total non-current inventories, net$853 $742 
Owned programming
Released$302 $308 
In-process or other285 233 
Total$587 $541 
The following table presents the aggregate amortization expense related to Inventories, net included in Operating expenses in the Statements of Operations:
For the three months ended September 30,
20252024
(in millions)
Total amortization expense$1,144 $1,130