XML 69 R58.htm IDEA: XBRL DOCUMENT v3.6.0.2
Earnings Per Share - Computation of Basic and Diluted Earnings Per Share (Detail) - USD ($)
$ / shares in Units, shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2016
Dec. 31, 2015
Earnings Per Share [Abstract]        
(Loss) income from continuing operations $ (219) $ 106 $ (219) $ 249
Less: Net income attributable to noncontrolling interests (70) (19) (85) (33)
Less: Redeemable preferred stock dividends [1] (1) (1) (1) (1)
(Loss) income from continuing operations available to News Corporation stockholders (290) 86 (305) 215
(Loss) income from discontinued operations, net of tax, available to News Corporation stockholders 0 (24) 0 22
Net (loss) income available to News Corporation stockholders $ (290) $ 62 $ (305) $ 237
Weighted-average number of shares of common stock outstanding-basic 581.4 581.2 581.1 581.1
Dilutive effect of equity awards [2] 0.0 1.5 0.0 1.6
Weighted-average number of shares of common stock outstanding-diluted 581.4 582.7 581.1 582.7
(Loss) income from continuing operations available to News Corporation stockholders per share-basic and diluted $ (0.50) $ 0.15 $ (0.52) $ 0.37
(Loss) income from discontinued operations available to News Corporation stockholders per share-basic and diluted 0.00 (0.04) 0.00 0.04
Net (loss) income available to News Corporation stockholders per share-basic and diluted $ (0.50) $ 0.11 $ (0.52) $ 0.41
[1] In connection with the Separation, as defined in Note 10, Twenty-First Century Fox, Inc. ("21st Century Fox") sold 4,000 shares of cumulative redeemable preferred stock with a par value of $5,000 per share of a newly formed U.S. subsidiary of the Company. The preferred stock pays dividends at a rate of 9.5% per annum, payable quarterly. The preferred stock is callable by the Company at any time after the fifth year and is puttable at the option of the holder after 10 years.
[2] The dilutive impact of the Company's PSUs, RSUs and stock options have been excluded from the calculation of diluted (loss) earnings per share for the three and six months ended December 31, 2016 because their inclusion would have an antidilutive effect on the net loss per share.