Inventories, Net (Tables)

12 Months Ended

Jun. 30, 2026

The Company’s inventories were comprised of the following:


	As of June 30,
	2026		2025
	(in millions)
Licensed programming, including prepaid sports rights	$	771	$	633
Owned programming	561		541
Total inventories, net	1,332		1,174
Less: current portion of inventories, net	(487)		(432)
Total non-current inventories, net	$	845	$	742

Owned programming
Released	$	258	$	308
In-process or other	303		233
Total	$	561	$	541

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,
	2026		2025		2024
	(in millions)
Total amortization expense	$	6,468	$	6,638	$	5,473

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense

Based on the balance of Inventories, net as of June 30, 2026, the estimated amortization expense for each of the succeeding three fiscal years is as follows:


	For the years ending June 30,
	2027		2028		2029
	(in millions)
Estimated amortization expense	$	622	$	211	$	49