Accumulated impairment loss, goodwill

  
FOX CORPORATIONNOTES TO THE CONSOLIDATED FINANCIAL STATEMENTSThe changes in the carrying value of goodwill, by segment, are as follows:

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|   | Cable Network Programming  |  | Television  |  | Other,Corporate andEliminations |  | Total Goodwill  |
|   | (in millions)  |
| Balance, June 30, 2020 | $ | 1,032  |  |  | $ | 2,155  |  |  | $ | 222  |  |  | $ | 3,409  |  |
| Acquisitions(a) | 32  |  |  | —  |  |  | —  |  |  | 32  |  |
| Disposals(a) | (5) |  |  | —  |  |  | (1) |  |  | (6) |  |
| Balance, June 30, 2021 | $ | 1,059  |  |  | $ | 2,155  |  |  | $ | 221  |  |  | $ | 3,435  |  |
| Acquisitions and other(a) | —  |  |  | 86  |  |  | 33  |  |  | 119  |  |
| Balance, June 30, 2022 | $ | 1,059  |  |  | $ | 2,241  |  |  | $ | 254  |  |  | $ | 3,554  |  |



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| (a) | See Note 3—Acquisitions, Disposals and Other Transactions under the heading "Acquisitions and Disposals." |

The carrying amount of Television segment goodwill was net of accumulated impairments of $371 million as of June 30, 2022 and 2021.NOTE 9. BORROWINGSPublic Debt - Senior Notes IssuedThe Company has issued senior notes (the "Notes") under an Indenture, dated as of January 25, 2019, by and between the Company and The Bank of New York Mellon, as Trustee (the "2019 Indenture"). The Notes are direct unsecured obligations of the Company and rank pari passu with all other senior indebtedness of the Company, including the indebtedness under the Revolving Credit Agreement described below. Redemption may occur, at the option of the holders, at 101% of the principal amount plus an accrued interest amount in certain circumstances where a change of control is deemed to have occurred. The Notes are subject to certain covenants, which, among other things, limit the Company's ability and the ability of the Company's subsidiaries, to create liens and engage in merger, sale or consolidation transactions. The 2019 Indenture does not contain any financial maintenance covenants.In April 2020, the Company issued $1.2 billion of senior notes and used the net proceeds for general corporate purposes. In January 2019, the Company issued $6.8 billion of senior notes and used the net proceeds, together with available cash on its balance sheet, to fund the Dividend and to pay fees and expenses 82
