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Earnings Per Share (Tables)
3 Months Ended
Sep. 30, 2015
Earnings Per Share [Abstract]  
Computation of Basic and Diluted 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