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Earnings Per Share
 3 Months Ended
Sep. 30, 2015
Earnings Per Share [Abstract]  
Earnings Per Share

NOTE 9. EARNINGS PER SHARE

The following tables set forth the computation of basic and diluted earnings per share under ASC 260, “Earnings per Share”:

 

         For the three months ended September 30,      
     2015     2014  
     (in millions, except per share amounts)  

Income from continuing operations

    $ 143      $ 109   

Less: Net income attributable to noncontrolling interests

      (14 )      (23 ) 
  

 

 

    

 

 

  

Income from continuing operations available to News Corporation stockholders

      129        86   

Income (loss) from discontinued operations, net of tax, available to News Corporation stockholders

      46        (21 ) 
  

 

 

    

 

 

  

Net income available to News Corporation stockholders

    $ 175      $ 65   
  

 

 

    

 

 

  

Weighted-average number of shares of common stock outstanding—basic

      581.0        579.5   

Dilutive effect of equity awards

      1.7        0.4   
  

 

 

    

 

 

  

Weighted-average number of shares of common stock outstanding—diluted

      582.7        579.9   
  

 

 

    

 

 

  

Income from continuing operations available to News Corporation stockholders per share—basic and diluted

    $ 0.22      $ 0.15   

Income (loss) from discontinued operations available to News Corporation stockholders per share—basic and diluted

    $ 0.08      $ (0.04 ) 
  

 

 

    

 

 

  

Net income available to News Corporation stockholders per share—basic and diluted

    $ 0.30      $ 0.11