Form 10-Q

Other current liabilities

16,288

16,346

Current liabilities:

Accounts payable

537

605

Accrued expenses

1,258

1,340

Deferred revenue

436

516

Current borrowings

671

462

643

372

Total current liabilities

3,545

3,295

Non-current liabilities:

Borrowings

1,186

1,490

Retirement benefit obligations

241

245

Deferred income tax liabilities

401

389

Other non-current liabilities

485

430

Commitments and contingencies

Equity

Additional paid-in capital

12,257

12,322

Accumulated deficit

(2,032)

(2,163)

Accumulated other comprehensive loss

(970)

(874)

Total News Corporation stockholders' equity

9,261

9,291

Noncontrolling interests

1,169

1,186

Total equity

10,430

10,477

Total liabilities and equity

16,288

16,346

Redeemable Preferred Stock [Member]

Non-current liabilities:

Redeemable preferred stock

Class A Common Stock [Member]

Equity

Common stock

^[1]

Class B Common Stock [Member]

Equity

Common stock

^[2]

$ 2

[1]	Class A common stock, $0.01 par value per share ("Class A Common Stock"), 1,500,000,000 shares authorized, 385,202,454 and 383,385,353 shares issued and outstanding, net of 27,368,413 treasury shares at par at September 30, 2018 and June 30, 2018, respectively.
[2]	Class B common stock, $0.01 par value per share ("Class B Common Stock"), 750,000,000 shares authorized, 199,630,240 shares issued and outstanding, net of 78,430,424 treasury shares at par at September 30, 2018 and June 30, 2018, respectively.

XML 17 R6.htm IDEA: XBRL DOCUMENT

Consolidated Balance Sheets (Parenthetical) - $ / shares	Sep. 30, 2018	Jun. 30, 2018
Class A Common Stock [Member]
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	1,500,000,000	1,500,000,000
Common stock, shares issued, net of treasury stock	385,202,454	383,385,353
Common stock outstanding, net of treasury stock	385,202,454	383,385,353
Common stock, treasury shares	27,368,413	27,368,413
Class B Common Stock [Member]
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	750,000,000	750,000,000
Common stock, shares issued, net of treasury stock	199,630,240	199,630,240
Common stock outstanding, net of treasury stock	199,630,240	199,630,240
Common stock, treasury shares	78,430,424	78,430,424

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Consolidated Statements of Cash Flows - USD ($) $ in Millions	3 Months Ended
	Sep. 30, 2018	Sep. 30, 2017
Operating activities:
Net income	$ 128	$ 87
Adjustments to reconcile net income to cash provided by (used in) operating activities:
Depreciation and amortization	163	97
Equity losses of affiliates	3	10
Cash distributions received from affiliates	4	0
Other, net	(20)	(9)
Deferred income taxes and taxes payable	31	6
Change in operating assets and liabilities, net of acquisitions:
Receivables and other assets	(21)	(73)
Inventories, net	(23)	(16)
Accounts payable and other liabilities	(152)	(106)
Net cash provided by (used in) operating activities	113	(4)
Investing activities:
Capital expenditures	(133)	(62)
Acquisitions, net of cash acquired	1	(54)
Investments in equity affiliates and other	(10)	(12)
Proceeds from property, plant and equipment and other asset dispositions	5	0
Other, net	16	7
Net cash used in investing activities	(121)	(121)
Financing activities:
Borrowings	131	0
Repayment of borrowings	(192)	0
Dividends paid	(23)	(21)
Other, net	(40)	(10)
Net cash used in financing activities	(124)	(31)
Net decrease in cash and cash equivalents	(132)	(156)
Cash and cash equivalents, beginning of period	2,034	2,016
Exchange movement on opening cash balance	(16)	17
Cash and cash equivalents, end of period	$ 1,886	$ 1,877

XML 19 R8.htm IDEA: XBRL DOCUMENT

Description of Business and Basis of Presentation	3 Months Ended
Description of Business and Basis of Presentation	Sep. 30, 2018
Accounting Policies [Abstract]
Description of Business and Basis of Presentation	NOTE 1. DESCRIPTION OF BUSINESS AND BASIS OF PRESENTATION News Corporation (together with its subsidiaries, “News Corporation,” “News Corp,” the “Company,” “we,” or “us”) is a global diversified media and information services company comprised of businesses across a range of media, including: news and information services, subscription video services in Australia, book publishing and digital real estate services. In April 2018, News Corp and Telstra Corporation Limited (“Telstra”) combined their respective 50% interests in Foxtel and News Corp’s 100% interest in FOX SPORTS Australia into a new company, which the Company refers to as “new Foxtel” (the “Transaction”). Following the completion of the Transaction, News Corp owns a 65% interest in the combined business, with Telstra owning the remaining 35%. Consequently, the Company began consolidating Foxtel in the fourth quarter of fiscal 2018. See Note 3—Acquisitions, Disposals and Other Transactions; Note 5—Investments; Note 6—Borrowings; and Note 9—Financial Instruments and Fair Value Measurements. *Basis of Presentation* The accompanying unaudited consolidated financial statements of the Company, which are referred to herein as the “Consolidated Financial Statements,” have been prepared in accordance with generally accepted accounting principles in the United States of America (“GAAP”) for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X. In the opinion of management, all adjustments consisting only of normal recurring adjustments necessary for a fair presentation have been reflected in these Consolidated Financial Statements. Operating results for the interim period presented are not necessarily indicative of the results that may be expected for the fiscal year ending June 30, 2019. The preparation of the Company’s Consolidated Financial Statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts that are reported in the Consolidated Financial Statements and accompanying disclosures. Actual results could differ from those estimates. Intercompany transactions and balances have been eliminated. Equity investments in which the Company exercises significant influence but does not exercise control and is not the primary beneficiary are accounted for using the equity method. In accordance with ASU 2016-01, investments in which the Company is not able to exercise significant influence over the investee are measured at fair value, if the fair value is readily determinable. If an investment’s fair value is not readily determinable, the Company will measure the investment at cost, less any impairment, plus or minus changes resulting from observable price changes in orderly transactions for an identical or similar investment of the same issuer. The consolidated statements of operations are referred to herein as the “Statements of Operations.” The consolidated balance sheets are referred to herein as the “Balance Sheets.” The consolidated statements of cash flows are referred to herein as the “Statements of Cash Flows.” The accompanying Consolidated Financial Statements and notes thereto should be read in conjunction with the audited consolidated financial statements and notes thereto included in the Company’s Annual Report on Form 10-K for the fiscal year ended June 30, 2018 as filed with the Securities and Exchange Commission (the “SEC”) on August 15, 2018 (the “2018 Form 10-K”). Certain reclassifications have been made to the prior period consolidated financial statements to conform to the current year presentation. Specifically, in the first quarter of fiscal 2019, the Company reclassified Conference Sponsorship revenues at its Dow Jones reporting unit and Merchandising revenues at News America Marketing from Other revenues to Advertising revenues as the Company believes that the reclassification more accurately reflects the nature of those revenue streams. These revenue reclassifications totaled $12 million for the three months ended September 30, 2017 and $57 million for the fiscal year ended June 30, 2018. The Company’s fiscal year ends on the Sunday closest to June 30. Fiscal 2019 and fiscal 2018 include 52 weeks. All references to the three months ended September 30, 2018 and 2017 relate to the three months ended September 30, 2018 and October 1, 2017, respectively. For convenience purposes, the Company continues to date its consolidated financial statements as of September 30. *Recently Issued Accounting Pronouncements* Adopted In May 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2014-09, “Revenue from Contracts with Customers (Topic 606)” (“ASU 2014-09”), which amended the FASB Accounting Standards Codification by creating Topic 606, “Revenue from Contracts with Customers” (“ASC 606”). ASU 2014-09 removes inconsistencies and differences in existing revenue recognition requirements between GAAP and International Financial Reporting Standards and requires a company to recognize revenue when it transfers promised goods or services to customers in an amount that reflects the consideration to which the company expects to be entitled in exchange for those goods or services. The Company adopted ASU 2014-09 on a modified retrospective basis as of July 1, 2018. As a result, the Company recorded a $20 million decrease to Accumulated deficit as of July 1, 2018 to reflect the cumulative impact of its adoption of ASC 606. See Note 2 —Revenues. In January 2016, the FASB issued ASU 2016-01, “Financial Instruments—Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities” (“ASU 2016-01”). The amendments in ASU 2016-01 address certain aspects of recognition, measurement, presentation and disclosure of financial instruments. ASU 2016-01 is effective for the Company for annual and interim reporting periods beginning July 1, 2018. The Company adopted the guidance on a cumulative-effect basis for its investments with readily determinable fair values effective July 1, 2018. In accordance with ASU 2016-01, the cumulative net unrealized gains (losses) for these investments contained within Accumulated other comprehensive loss were reclassified through Accumulated deficit as of July 1, 2018, and the Company recorded a $22 million decrease to Accumulated deficit. The Company has elected to measure equity investments that do not have readily determinable fair values at cost minus impairment, if any, plus or minus changes resulting from observable price changes in orderly transactions for an identical or similar investment of the same issuer; there was no financial statement impact upon adoption for these investments. In March 2017, the FASB issued ASU 2017-07, “Compensation—Retirement Benefits (Topic 715): Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost” (“ASU 2017-07”). The amendments in ASU 2017-07 require that an employer report the service cost component in the same line item or items as other compensation costs arising from services rendered by the pertinent employees during the period. The other components of net benefit/cost as defined in paragraphs 715-30-35-4 and 715-60-35-9 are required to be presented in the income statement separately from the service cost component and outside a subtotal of income from operations, if one is presented. ASU 2017-07 allows for a practical expedient that permits a company to use the amounts disclosed in its pension and other postretirement benefit plan note for the prior comparative periods as the estimation basis for applying the retrospective presentation requirements. ASU 2017-07 is effective for the Company for annual and interim reporting periods beginning July 1, 2018. The Company adopted ASU 2017-07 utilizing the practical expedient. The other components of net periodic benefit/cost are included in Other, net in the Statements of Operations. The adoption did not have a material impact on the Company’s consolidated financial statements. In August 2018, the FASB issued ASU 2018-15, “Intangibles—Goodwill and Other—Internal-Use Software (Subtopic 350-40): Customer’s Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement That Is a Service Contract (a consensus of the FASB Emerging Issues Task Force)” (“ASU 2018-15”). The amendments in ASU 2018-15 align the requirements for capitalizing implementation costs incurred in a hosting arrangement that is a service contract with the requirements for capitalizing implementation costs incurred to develop or obtain internal-use software (and hosting arrangements that include an internal-use software license). As permitted by ASU 2018-15, the Company early-adopted this standard on a prospective basis. The adoption did not have a material impact on the Company’s consolidated financial statements. Issued In February 2016, the FASB issued ASU 2016-02, “Leases (Topic 842)” (“ASU 2016-02”). The amendments in ASU 2016-02 address certain aspects in lease accounting, with the most significant impact for lessees. The amendments in ASU 2016-02 require lessees to recognize all leases on the balance sheet by recording a right-of-use asset and a lease liability, and lessor accounting has been updated to align with the new requirements for lessees. The new standard also provides changes to the existing sale-leaseback guidance. In July 2018, the FASB issued ASU 2018-10, “Codification Improvements to Topic 842, Leases,” which clarifies how to apply certain aspects of ASU 2016-02, and ASU 2018-11 “Leases (Topic 842): Targeted Improvements,” which provides entities with an additional and optional transition method to adopt the new leases standard. ASU 2016-02 is effective for the Company for annual and interim reporting periods beginning July 1, 2019. The Company is currently evaluating the impact ASU 2016-02 will have on its consolidated financial statements. In June 2016, the FASB issued ASU 2016-13, “Financial Instruments—Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments” (“ASU 2016-13”). The amendments in ASU 2016-13 require a financial asset (or a group of financial assets) measured at amortized cost basis to be presented at the net amount expected to be collected. ASU 2016-13 is effective for the Company for annual and interim reporting periods beginning July 1, 2020. The Company is currently evaluating the impact ASU 2016-13 will have on its consolidated financial statements. In August 2017, the FASB issued ASU 2017-12, “Derivatives and Hedging (Topic 815): Targeted Improvements to Accounting for Hedging Activities” (“ASU 2017-12”). The amendments in ASU 2017-12 more closely align the results of cash flow and fair value hedge accounting with risk management activities through changes to both the designation and measurement guidance for qualifying hedging relationships and the presentation of hedge results in the financial statements. The amendments address specific limitations in current GAAP by expanding hedge accounting for both nonfinancial and financial risk components and by refining the measurement of hedge results to better reflect an entity’s hedging strategies. ASU 2017-12 is effective for the Company for annual and interim reporting periods beginning July 1, 2019. The Company is currently evaluating the impact ASU 2017-12 will have on its consolidated financial statements. In February 2018, the FASB issued ASU 2018-02, “Income Statement—Reporting Comprehensive Income (Topic 220): Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income” (“ASU 2018-02”). The amendments in ASU 2018-02 provide a reclassification from Accumulated other comprehensive income to retained earnings for stranded tax effects resulting from the Tax Act. See Note 12—Income Taxes. Consequently, the amendments eliminate the stranded tax effects resulting from the Tax Act and will improve the usefulness of information reported to financial statement users. ASU 2018-02 is effective for the Company for annual and interim reporting periods beginning July 1, 2019. The Company is currently evaluating the impact ASU 2018-02 will have on its consolidated financial statements. In August 2018, the FASB issued ASU 2018-13, “Fair Value Measurement (Topic 820): Disclosure Framework—Changes to the Disclosure Requirements for Fair Value Measurement” (“ASU 2018-13”). ASU 2018-13 removes, modifies and adds certain disclosure requirements in Topic 820 “Fair Value Measurement”. ASU 2018-13 eliminates certain disclosures related to transfers and the valuations process, modifies disclosures for investments that are valued based on net asset value, clarifies the measurement uncertainty disclosure, and requires additional disclosures for Level 3 fair value measurements. ASU 2018-13 is effective for the Company for annual and interim reporting periods beginning July 1, 2020. The Company is currently evaluating the impact ASU 2018-13 will have on its consolidated financial statements. In August 2018, the FASB issued ASU 2018-14, “Compensation—Retirement Benefits—Defined Benefit Plans—General (Subtopic 715-20): Disclosure Framework—Changes to the Disclosure Requirements for Defined Benefit Plans” (“ASU 2018-14”). The amendments in ASU 2018-14 modify the disclosure requirements for employers that sponsor defined benefit pension or other postretirement plans. ASU 2018-14 eliminates the disclosures for amounts in Accumulated other comprehensive loss expected to be recognized as a component of net periodic benefit cost and the effect of a percentage change in health care cost trend rate. ASU 2018-14 is effective for the Company for annual and interim reporting periods beginning July 1, 2021. The Company is currently evaluating the impact ASU 2018-14 will have on its consolidated financial statements.

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Revenues

3 Months Ended

Sep. 30, 2018

Revenue from Contract with Customer [Abstract]

Revenues

NOTE 2. REVENUES

The adoption of ASC 606 primarily resulted in the following changes related to the Company’s revenue recognition policies:

•

Reclassification of certain payments to customers

•

Deferred installation revenues in the Subscription Video Services segment

•

Acceleration of revenue associated with REA Group’s financial services business

The Company’s revenues for the three months ended September 30, 2018 and the opening balance sheet as of July 1, 2018 under both ASC 606 and the prior standard, ASC 605 are as follows:


	For the three months ended September 30, 2018
	ASC 605			Effects of Adoption			ASC 606
	(in millions)
Revenue:
Circulation and subscription	$	1,032		$	2		$	1,034
Advertising		664			—			664
Consumer		412			(12	)		400
Real estate		227			—			227
Other		206			(7	)		199

Total revenues	$	2,541		$	(17	)	$	2,524
Operating expenses and Selling, general and administrative	$	(2,190	)	$	24		$	(2,166	)
Net income	$	123		$	5		$	128

	As of July 1, 2018
	ASC 605			Effects of Adoption			ASC 606
	(in millions)
Assets:
Receivables, net	$	1,612		$	200		$	1,812
Other current assets		372			(4	)		368
Deferred income tax assets		279			2			281
Other non-current assets		831			92			923
Liabilities and Equity:
Deferred revenue	$	516		$	(6	)	$	510
Other current liabilities		372			194			566
Deferred income tax liabilities		389			11			400
Other non-current liabilities		430			71			501
Accumulated deficit		(2,163	)		20			(2,143	)

Disaggregated revenue

The following table presents revenue by type and segment for the three months ended September 30, 2018:


	News and Information Services		Subscription Video Services		Book Publishing		Digital Real Estate Services		Total Revenues
	(in millions)
Revenues:
Circulation and subscription	$	529	$	491	$	—	$	14	$	1,034
Advertising		576		57		—		31		664
Consumer		—		—		400		—		400
Real estate		—		—		—		227		227
Other		143		17		18		21		199

Total Revenues	$	1,248	$	565	$	418	$	293	$	2,524

Disclosures regarding the nature, timing and uncertainty of the Company’s revenue streams across its segments are as follows:

Circulation and subscription revenues

Advertising revenues

Consumer revenues

Real Estate revenues

Other revenues

Other revenues are recognized when the related services are performed or the product has been delivered.

Areas of judgment

Contracts with multiple performance obligations

Identification of a customer and gross versus net revenue recognition

Sales returns

Contract liabilities and assets


	For the three months ended September 30, 2018
	(in millions)
Balance as of July 1, 2018	$	510
Deferral of revenue		595
Recognition of deferred revenue^(a)		(670	)
Other		1

Balance as of September 30, 2018	$	436

(a)

For the three months ended September 30, 2018, the Company recognized approximately $357 million of revenue which was included in the opening deferred revenue balance.

Contract assets were immaterial for disclosure as of September 30, 2018.

Practical expedients and other revenue disclosures

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Acquisitions, Disposals and Other Transactions

3 Months Ended

Sep. 30, 2018

Business Combinations [Abstract]

Acquisitions, Disposals and Other Transactions

NOTE 3. ACQUISITIONS, DISPOSALS AND OTHER TRANSACTIONS

New Foxtel

The total aggregate purchase price associated with the Transaction at the completion date is set forth below (in millions):


Consideration transferred^(a)	$	331
Fair value of News Corp previously held equity interest in Foxtel		631
Fair value of noncontrolling interest^(b)		578

Fair value of net assets	$	1,540

a)	Primarily represents the fair value of 35% of FOX SPORTS Australia exchanged as consideration in the Transaction and has been included in noncontrolling interest

b)	Primarily represents the fair value of 35% of Foxtel, which includes the impact of certain market participant synergies


Assets acquired:
Cash	$	78
Current assets		526
Property, plant and equipment		967
Intangible assets		868
Goodwill		1,574
Other non-current assets		292

Total assets acquired	$	4,305

Liabilities assumed:
Current liabilities	$	609
Long-term borrowings		1,751
Other non-current liabilities		405

Total liabilities assumed		2,765

Net assets acquired	$	1,540

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Impairment and Restructuring Charges

3 Months Ended

Sep. 30, 2018

Restructuring and Related Activities [Abstract]

Impairment and Restructuring Charges

NOTE 4. IMPAIRMENT AND RESTRUCTURING CHARGES

Changes in restructuring program liabilities were as follows:


	For the three months ended September 30,
	2018											2017
	One time employee termination benefits			Facility related costs		Other costs			Total			One time employee termination benefits			Facility related costs			Other costs		Total
	(in millions)
Balance, beginning of period	$	29		$	2	$	11		$	42		$	33		$	6		$	10	$	49
Additions		18			—		—			18			15			—			—		15
Payments		(23	)		—		(1	)		(24	)		(23	)		—			—		(23	)
Other		(1	)		—		1			—			—			(1	)		—		(1	)

Balance, end of period	$	23		$	2	$	11		$	36		$	25		$	5		$	10	$	40

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Investments

3 Months Ended

Sep. 30, 2018

Investments Schedule [Abstract]

Investments

NOTE 5. INVESTMENTS

The Company’s investments were comprised of the following:


	Ownership Percentage as of September 30, 2018		As of September 30, 2018		As of June 30, 2018
			(in millions)
Equity method investments^(a)		various	$	164	$	173
Equity securities^(b)		various		226		220

Total Investments			$	390	$	393

^(a)	Equity method investments are primarily comprised of Elara Technologies Pte. Ltd., which operates PropTiger.com, Makaan.com and Housing.com and new Foxtel’s investment in the Nickelodeon Australia Joint Venture.

^(b)	Equity securities are primarily comprised of the Company’s investment in HT&E Limited, which operates a portfolio of Australian radio and outdoor media assets and certain investments in China.


	For the three months ended September 30,
	2018		2017
	(in millions)
Total gains (losses) recognized on equity securities	$	15	$	(19	)
Less: Gains (losses) recognized on equity securities sold		—		6

Unrealized gains (losses) recognized on equity securities held at end of period	$	15	$	(25	)

Equity Losses of Affiliates

The Company’s share of the losses of its equity affiliates was as follows:


	For the three months ended September 30,
	2018			2017
	(in millions)
Foxtel^(a)	$	—		$	(5	)
Other equity affiliates, net^(b)		(3	)		(5	)

Total Equity losses of affiliates	$	(3	)	$	(10	)

^(a)	Following completion of the Transaction in April 2018, News Corp ceased accounting for Foxtel as an equity method investment and began consolidating its results in the fourth quarter of fiscal 2018. See Note 3— Acquisitions, Disposals and Other Transactions.

^(b)	Other equity affiliates, net for the three months ended September 30, 2018 and 2017 include losses primarily from the Company’s interest in Elara.

Summarized financial information for Foxtel, presented in accordance with U.S. GAAP, was as follows:


	For the three months ended September 30,
	2018^(a)		2017
	(in millions)
Revenues	$	—	$	633
Operating income^(b)		—		63
Net income		—		24

^(a)	The Company began consolidating the results of Foxtel in the fourth quarter of fiscal 2018 as a result of the Transaction.

^(b)	Includes Depreciation and amortization of $59 million for the three months ended September 30, 2017. Operating income before depreciation and amortization was $122 million for the three months ended September 30, 2017.

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Borrowings

3 Months Ended

Sep. 30, 2018

Debt Disclosure [Abstract]

Borrowings

NOTE 6. BORROWINGS

The Company’s total borrowings consist of the following:


	Interest rate at September 30, 2018			Due date at September 30, 2018		As of September 30, 2018			As of June 30, 2018
						(in millions)
Foxtel Group
Credit facility 2013^(a)		3.63	%		Apr 7, 2019	$	217		$	222
Credit facility 2014 — tranche 1^(a)		3.68	%		May 30, 2019		144			148
Credit facility 2014 — tranche 2^(a)		3.78	%		Jan 31, 2020		144			148
Credit facility 2015^(a)		3.83	%		Jul 31, 2020		289			296
Credit facility 2016^(a)(b)		4.38	%		Sept 11, 2021		47			108
Working capital facility 2017^(a)(b)		3.98	%		Jul 3, 2020		58			59
US private placement 2009 — tranche 3		6.20	%		Sept 24, 2019		75			75
US private placement 2012 — USD portion — tranche 1^(c)		3.68	%		Jul 25, 2019		149			150
US private placement 2012 — USD portion — tranche 2^(c)		4.27	%		Jul 25, 2022		197			196
US private placement 2012 — USD portion — tranche 3^(c)		4.42	%		Jul 25 2024		147			146
US private placement 2012 — AUD portion		7.04	%		Jul 25, 2022		80			83
REA Group
Credit facility 2016 — tranche 2^(d)		2.84	%		Dec 31, 2018		86			89
Credit facility 2016 — tranche 3^(d)		2.94	%		Dec 31, 2019		173			178
Credit facility 2018^(d)		2.76	%		April 27, 2021		51			54

Total borrowings							1,857			1,952
Less: current portion^(e)							(671	)		(462	)

Long-term borrowings						$	1,186		$	1,490

^(a)	Borrowings under these facilities bear interest at a floating rate of Australian BBSY plus an applicable margin of between 1.10% and 2.70% per annum payable quarterly.

^(b)	As of September 30, 2018, the Foxtel Group has undrawn commitments of $251 million under these facilities for which it pays a commitment fee in the range of 40% to 45% of the applicable margin.

^(c)	The carrying value of the borrowings include any fair value adjustments related to the Company’s fair value hedges. See Note 9 —Financial Instruments and Fair Value Measurements.

^(d)	Borrowings under these facilities bear interest at a floating rate of the Australian BBSY plus a margin of between 0.85% and 1.45% depending on REA Group’s net leverage ratio. As of September 30, 2018, REA Group was paying a margin of between 0.85% and 1.05%.

^(e)	The Company classifies the current portion of long term debt as non-current liabilities on the Balance Sheets when it has the intent and ability to refinance the obligation on a long-term basis, in accordance with ASC 470-50 “Debt.”

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Redeemable Preferred Stock	3 Months Ended
Redeemable Preferred Stock	Sep. 30, 2018
Text Block [Abstract]
Redeemable Preferred Stock	NOTE 7. REDEEMABLE PREFERRED STOCK In connection with the Company’s separation of its businesses (the “Separation”) from Twenty-First Century Fox, Inc. (“21st Century Fox”) on June 28, 2013 (the “Distribution Date”), 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 paid dividends at a rate of 9.5% per annum, payable quarterly, in arrears. The preferred stock was callable by the Company at any time after the fifth year and puttable at the option of the holder after 10 years. In July 2018, the Company exercised its call option and redeemed 100% of the outstanding redeemable preferred stock.

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Equity

3 Months Ended

Sep. 30, 2018

Federal Home Loan Banks [Abstract]

Equity

NOTE 8. EQUITY

The following table summarizes changes in equity:


	For the three months ended September 30,
	2018									2017
	News									News
	Corporation			Noncontrolling			Total			Corporation			Noncontrolling			Total
	stockholders			Interests			Equity			stockholders			Interests			Equity
	(in millions)
Balance, beginning of period	$	9,291		$	1,186		$	10,477		$	10,789		$	284		$	11,073
Cumulative impact of revenue standard adoption		10			10			20			—			—			—
Net income		101			27			128			68			19			87
Other comprehensive (loss) income		(75	)		(28	)		(103	)		112			4			116
Dividends		(59	)		(23	)		(82	)		(59	)		(21	)		(80	)
Other		(7	)		(3	)		(10	)		3			(3	)		—

Balance, end of period	$	9,261		$	1,169		$	10,430		$	10,913		$	283		$	11,196

Stock Repurchases

Dividends

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Financial Instruments and Fair Value Measurements

3 Months Ended

Sep. 30, 2018

Fair Value Disclosures [Abstract]

Financial Instruments and Fair Value Measurements

NOTE 9. FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS

•

Level 1 — Quoted prices in active markets for identical assets or liabilities.

•


	September 30, 2018								June 30, 2018
	Level 1		Level 2		Level 3		Total		Level 1		Level 2		Level 3		Total
	(in millions)
Assets:
Foreign currency derivatives - cash flow hedges	$	—	$	4	$	—	$	4	$	—	$	3	$	—	$	3
Cross currency interest rate derivatives - fair value hedges		—		22		—		22		—		29		—		29
Cross currency interest rate derivatives - economic hedges		—		11		—		11		—		10		—		10
Cross currency interest rate derivatives - cash flow hedges		—		91		—		91		—		76		—		76
Equity securities^(a)		111		—		115		226		93		—		—		93

Total assets	$	111	$	128	$	115	$	354	$	93	$	118	$	—	$	211

Liabilities:
Interest rate derivatives - cash flow hedges	$	—	$	18	$	—	$	18	$	—	$	20	$	—	$	20
Mandatorily redeemable noncontrolling interests		—		—		12		12		—		—		12		12
Cross currency interest rate derivatives - cash flow hedges		—		11		—		11		—		12		—		12

Total liabilities	$	—	$	29	$	12	$	41	$	—	$	32	$	12	$	44

(a)	See Note 5 —Investments.

There have been no transfers between levels of the fair value hierarchy during the periods presented.

Equity securities

A rollforward of the Company’s equity securities classified as Level 3 is as follows:


	For the three months ended September 30,
	2018
	(in millions)
Balance - beginning of period	$	127
Purchases		5
Sales		(10)
Foreign exchange and other		(7)

Balance - end of period	$	115

Mandatorily redeemable noncontrolling interests

A rollforward of the Company’s mandatorily redeemable noncontrolling interest liabilities classified as Level 3 is as follows:


	For the three months ended September 30,
	2018		2017
	(in millions)
Balance - beginning of period	$	12	$	79
Additions		—		12
Accretion		—		2

Balance - end of period	$	12	$	93

Derivative Instruments

•

foreign currency exchange rate risk: arising primarily through Foxtel Group borrowings denominated in U.S. dollars and payments for license fees; and

•

interest rate risk: arising from fixed and floating rate Foxtel Group borrowings.

Hedges are classified as current or non-current in the Balance Sheets based on their maturity dates. Refer to the table below for further details:


			Fair value as of
	Balance Sheet Location		September 30, 2018			June 30, 2018
			(in millions)
Foreign currency derivatives - cash flow hedges		Other current assets	$	4		$	3
Cross currency interest rate derivatives - fair value hedges		Other current assets		7			—
Cross currency interest rate derivatives - economic hedges		Other current assets		11			—
Cross currency interest rate derivatives - cash flow hedges		Other current assets		30			—
Cross currency interest rate derivatives - fair value hedges		Other non-current assets		15			29
Cross currency interest rate derivatives - cash flow hedges		Other non-current assets		61			76
Cross currency interest rate derivatives - economic hedges		Other non-current assets		—			10
Interest rate derivatives - cash flow hedges		Other current liabilities		(1	)		—
Cross currency interest rate derivatives - cash flow hedges		Other current liabilities		(1	)		—
Interest rate derivatives - cash flow hedges		Other non-current liabilities		(17	)		(20	)
Cross currency interest rate derivatives - cash flow hedges		Other non-current liabilities		(10	)		(12	)

Cash flow hedges


	Gain (loss) recognized in Accumulated					Gain (loss) reclassified from Accumulated
	Other Comprehensive Income for the three months ended					Other Comprehensive Income for the three months ended					Income statement
	September 30,					September 30,					location
	2018			2017		2018			2017
	(in millions)
Derivative instruments designated as cash flow hedges:
Foreign currency derivatives - cash flow hedges	$	(2	)	$	—	$	1		$	—		Operating expenses
Cross currency interest rate derivatives - cash flow hedges		14			—		(14	)		—		Interest (expense) income, net
Interest rate derivatives - cash flow hedges		1			—		(2	)		—		Interest (expense) income, net

Total	$	13		$	—	$	(15	)	$	—

Fair value hedges

Economic (non-designated) hedges

Nonrecurring Fair Value Measurements

The Company did not recognize any write-downs on the carrying value of its assets during the three months ended September 30, 2018 or 2017.

Other Fair Value Measurements

Organization, Consolidation and Presentation of Financial Statements [Abstract]

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References + Details

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Earnings Per Share

3 Months Ended

Sep. 30, 2018

Earnings Per Share [Abstract]

Earnings Per Share

NOTE 10. EARNINGS PER SHARE

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


	For the three months ended September 30,
	2018			2017
	(in millions, except per share amounts)
Net income	$	128		$	87
Less: Net income attributable to noncontrolling interests		(27	)		(19	)

Net income available to News Corporation stockholders	$	101		$	68

Weighted-average number of shares of common stock outstanding - basic		583.9			582.3
Dilutive effect of equity awards		1.7			1.1

Weighted-average number of shares of common stock outstanding - diluted		585.6			583.4

Net income available to News Corporation stockholders per share - basic	$	0.17		$	0.12
Net income available to News Corporation stockholders per share - diluted	$	0.17		$	0.12

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Commitments and Contingencies	3 Months Ended
Commitments and Contingencies	Sep. 30, 2018
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	NOTE 11. COMMITMENTS AND CONTINGENCIES *Commitments* The Company has commitments under certain firm contractual arrangements (“firm commitments”) to make future payments. These firm commitments secure the future rights to various assets and services to be used in the normal course of operations. The Company’s commitments as of September 30, 2018 have not changed significantly from the disclosures included in the 2018 Form 10-K. *Contingencies* The Company routinely is involved in various legal proceedings, claims and governmental inspections or investigations, including those discussed below. The outcome of these matters and claims is subject to significant uncertainty, and the Company often cannot predict what the eventual outcome of pending matters will be or the timing of the ultimate resolution of these matters. Fees, expenses, fines, penalties, judgments or settlement costs which might be incurred by the Company in connection with the various proceedings could adversely affect its results of operations and financial condition. The Company establishes an accrued liability for legal claims when it determines that a loss is both probable and the amount of the loss can be reasonably estimated. Once established, accruals are adjusted from time to time, as appropriate, in light of additional information. The amount of any loss ultimately incurred in relation to matters for which an accrual has been established may be higher or lower than the amounts accrued for such matters. Legal fees associated with litigation and similar proceedings are expensed as incurred. Except as otherwise provided below, for the contingencies disclosed for which there is at least a reasonable possibility that a loss may be incurred, the Company was unable to estimate the amount of loss or range of loss. The Company recognizes gain contingencies when the gain becomes realized or realizable. News America Marketing Valassis Communications, Inc. On November 8, 2013, Valassis Communications, Inc. (“Valassis”) filed a complaint in the U.S. District Court for the Eastern District of Michigan (the “District Court”) against News America Incorporated, News America Marketing FSI L.L.C., News America Marketing In-Store Services L.L.C. and News Corporation (together, the “NAM Group”) alleging violations of federal and state antitrust laws and common law business torts. The complaint sought treble damages, injunctive relief and attorneys’ fees and costs. On December 19, 2013, the NAM Group filed a motion to dismiss the complaint, and on March 30, 2016, the District Court ordered that Valassis’s bundling and tying claims be dismissed and that all remaining claims in the NAM Group’s motion to dismiss be referred to a panel of antitrust experts (the “Antitrust Expert Panel”) appointed in connection with a prior action brought by Valassis against certain members of the NAM Group. The Antitrust Expert Panel was convened and, on February 8, 2017, recommended that the NAM Group’s counterclaims in the action be dismissed with leave to replead three of the four counterclaims. The NAM Group filed an amended counterclaim on February 27, 2017. Valassis subsequently filed motions with the District Court seeking either to re-open the case in the District Court or to transfer the case to the U.S. District Court for the Southern District of New York (the “N.Y. District Court”). On September 25, 2017, the District Court granted Valassis’s motions and transferred the case to the N.Y. District Court. On April 13, 2018, the NAM Group filed a motion for summary judgment dismissing the case with the N.Y. District Court. While it is not possible at this time to predict with any degree of certainty the ultimate outcome of this action, the NAM Group believes it has been compliant with applicable laws and intends to defend itself vigorously. U.K. Newspaper Matters Civil claims have been brought against the Company with respect to, among other things, voicemail interception and inappropriate payments to public officials at the Company’s former publication, The News of the World, and at The Sun, and related matters (the “U.K. Newspaper Matters”). The Company has admitted liability in many civil cases and has settled a number of cases. The Company also settled a number of claims through a private compensation scheme which was closed to new claims after April 8, 2013. In connection with the Separation, the Company and 21st Century Fox agreed in the Separation and Distribution Agreement that 21st Century Fox would indemnify the Company for payments made after the Distribution Date arising out of civil claims and investigations relating to the U.K. Newspaper Matters as well as legal and professional fees and expenses paid in connection with the previously concluded criminal matters, other than fees, expenses and costs relating to employees (i) who are not directors, officers or certain designated employees or (ii) with respect to civil matters, who are not co-defendants with the Company or 21st Century Fox. 21st Century Fox’s indemnification obligations with respect to these matters will be settled on an after-tax basis. The net expense (benefit) related to the U.K. Newspaper Matters in Selling, general and administrative expenses was $2 million and ($43) million for the three months ended September 30, 2018 and 2017, respectively. As of September 30, 2018, the Company has provided for its best estimate of the liability for the claims that have been filed and costs incurred, including liabilities associated with employment taxes, and has accrued approximately $47 million. The amount to be indemnified by 21st Century Fox of approximately $47 million was recorded as a receivable in Other current assets on the Balance Sheet as of September 30, 2018. The net benefit for the three months ended September 30, 2017 reflects a $46 million impact from the reversal of a portion of the Company’s previously accrued liability and the corresponding receivable from 21st Century Fox as the result of an agreement reached with the relevant tax authority with respect to certain employment taxes. It is not possible to estimate the liability or corresponding receivable for any additional claims that may be filed given the information that is currently available to the Company. If more claims are filed and additional information becomes available, the Company will update the liability provision and corresponding receivable for such matters. The Company is not able to predict the ultimate outcome or cost of the civil claims. It is possible that these proceedings and any adverse resolution thereof could damage its reputation, impair its ability to conduct its business and adversely affect its results of operations and financial condition. Other The Company’s tax returns are subject to on-going review and examination by various tax authorities. Tax authorities may not agree with the treatment of items reported in the Company’s tax returns, and therefore the outcome of tax reviews and examinations can be unpredictable. The Company believes it has appropriately accrued for the expected outcome of uncertain tax matters and believes such liabilities represent a reasonable provision for taxes ultimately expected to be paid; however, these liabilities may need to be adjusted as new information becomes known and as tax examinations continue to progress, or as settlements or litigations occur.

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Income Taxes	3 Months Ended
Income Taxes	Sep. 30, 2018
Income Tax Disclosure [Abstract]
Income Taxes	NOTE 12. INCOME TAXES At the end of each interim period, the Company estimates the annual effective tax rate and applies that rate to its ordinary quarterly earnings. The tax expense or benefit related to significant, unusual or extraordinary items that will be separately reported or reported net of their related tax effect are individually computed and recognized in the interim period in which those items occur. In addition, the effects of changes in enacted tax laws or rates or tax status are recognized in the interim period in which the change occurs. For the three months ended September 30, 2018, the Company recorded a tax charge of $50 million on pre-tax income of $178 million resulting in an effective tax rate that was higher than the U.S. statutory tax rate. The higher tax rate was primarily due to valuation allowances being recorded against tax benefits in certain foreign jurisdictions with operating losses and the impact from foreign operations which are subject to higher tax rates. On December 22, 2017, the U.S. government enacted comprehensive tax legislation commonly referred to as the Tax Cuts and Jobs Act (the “Tax Act”). The Tax Act includes significant changes to the U.S. corporate income tax system including, among other things, lowering the U.S. statutory federal tax rate to 21%. The reduction of the U.S. corporate tax rate caused us to adjust our U.S. deferred tax assets and liabilities to the lower federal rate of 21% at the fiscal year ended June 30, 2018. The Tax Act added many new provisions, including a one-time repatriation tax on deemed repatriation of historical earnings of foreign subsidiaries (“transition tax”), changes to bonus depreciation, limits on deductions for executive compensation and interest expense, a tax on global intangible low-taxed income (“GILTI”), the base erosion anti-abuse tax (“BEAT”) and a deduction for foreign-derived intangible income. The Company has elected to account for the tax on GILTI and BEAT as a period cost and thus has not adjusted any net deferred tax assets of its foreign subsidiaries for the new tax. However, the Company has considered the potential impact of GILTI and BEAT on its U.S. federal net operating loss (“NOL”) carryforward and determined that the projected tax benefit to be received from its NOL carryforward may be reduced due to these provisions. The changes included in the Tax Act are broad and complex. The SEC issued Staff Accounting Bulletin No. 118 (SAB 118), as amended by ASU 2018-05, which provides guidance for companies related to the Tax Act. ASU 2018-05 allows for a measurement period of up to one year after the enactment date of the Tax Act to finalize the recording of the related tax impacts. The Company’s accounting for the tax effects of the Tax Act will be completed during this measurement period and is expected to be finalized in the second quarter of fiscal 2019 pending further SEC guidance. The final transition impacts of the Tax Act may differ from the Company’s current estimates, possibly materially, due to, among other things, changes in interpretations of the Tax Act, any legislative action to address questions that arise because of the Tax Act, any changes in accounting standards for income taxes or related interpretations in response to the Tax Act, or any updates or changes to estimates the Company has utilized to calculate the transition impacts. In accordance with SAB 118, the Company has made reasonable estimates related to (1) the remeasurement of U.S. deferred tax balances for the reduction in the tax rate, (2) the liability for the transition tax and (3) the partial valuation allowance recorded against its federal NOL carryforward due to the impact of the GILTI and BEAT provisions. As a result, the Company recognized a net provisional income tax expense of $237 million associated with these items in the fiscal year ended June 30, 2018. For the three months ended September 30, 2018, the Company has not made any adjustments to the provisional amounts recorded as of June 30, 2018. Management assesses available evidence to determine whether sufficient future taxable income will be generated to permit the use of existing deferred tax assets. Based on management’s assessment of available evidence, it has been determined that it is more likely than not that certain deferred tax assets in U.S. Federal, State and foreign jurisdictions may not be realized and therefore, a valuation allowance has been established against those tax assets. For the three months ended September 30, 2017, the Company recorded a tax charge of $54 million on pre-tax income of $141 million, resulting in an effective tax rate that was higher than the U.S. statutory tax rate. The higher tax rate was primarily due to valuation allowances being recorded against tax benefits in certain foreign jurisdictions with operating losses. The Company’s tax returns are subject to on-going review and examination by various tax authorities. Tax authorities may not agree with the treatment of items reported in our tax returns, and therefore the outcome of tax reviews and examinations can be unpredictable. The Company is currently undergoing tax examinations by the Internal Revenue Service (“IRS”), various U.S. state and foreign jurisdictions. During the year ended June 30, 2018, the IRS commenced an audit of the Company for the year ended June 30, 2014. The Company believes it has appropriately accrued for the expected outcome of uncertain tax matters and believes such liabilities represent a reasonable provision for taxes ultimately expected to be paid. However, the Company may need to accrue additional income tax expense and our liability may need to be adjusted as new information becomes known and as these tax examinations continue to progress, or as settlements or litigations occur. The Company paid gross income taxes of $29 million and $48 million during the three months ended September 30, 2018 and 2017 and received tax refunds of $10 million and nil, respectively.

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Segment Information

3 Months Ended

Sep. 30, 2018

Segment Reporting [Abstract]

Segment Information

NOTE 13. SEGMENT INFORMATION

The Company manages and reports its businesses in the following five segments:

•


	For the three months ended September 30,
	2018			2017
	(in millions)
Revenues:
News and Information Services	$	1,248		$	1,241
Subscription Video Services		565			145
Book Publishing		418			401
Digital Real Estate Services		293			271
Other		—			—

Total revenues	$	2,524		$	2,058

Segment EBITDA:
News and Information Services	$	116		$	74
Subscription Video Services		113			27
Book Publishing		68			48
Digital Real Estate Services		105			95
Other		(44	)		4
Depreciation and amortization		(163	)		(97	)
Impairment and restructuring charges		(18	)		(15	)
Equity losses of affiliates		(3	)		(10	)
Interest (expense) income, net		(16	)		6
Other, net		20			9

Income before income tax expense		178			141
Income tax expense		(50	)		(54	)

Net income	$	128		$	87


	As of September 30, 2018		As of June 30, 2018
	(in millions)
Total assets:
News and Information Services	$	5,928	$	6,039
Subscription Video Services		4,671		4,738
Book Publishing		2,059		1,898
Digital Real Estate Services		2,219		2,171
Other^(a)		1,021		1,107
Investments		390		393

Total assets	$	16,288	$	16,346

^(a)	The Other segment primarily includes Cash and cash equivalents.


	As of September 30, 2018		As of June 30, 2018
	(in millions)
Goodwill and intangible assets, net:
News and Information Services	$	2,716	$	2,730
Subscription Video Services		2,769		2,853
Book Publishing		797		804
Digital Real Estate Services		1,478		1,502

Total Goodwill and intangible assets, net	$	7,760	$	7,889

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Additional Financial Information

3 Months Ended

Sep. 30, 2018

Additional Financial Information

NOTE 14. ADDITIONAL FINANCIAL INFORMATION

Receivables, net

Receivables, net consist of:


	As of September 30, 2018			As of June 30, 2018
	(in millions)
Receivables	$	1,693		$	1,829
Allowance for sales returns^(a)		—			(171	)
Allowance for doubtful accounts		(45	)		(46	)

Receivables, net	$	1,648		$	1,612

^(a)	As a result of the adoption of the new revenue recognition standard, the Company reclassified the allowance for sales returns from Receivables to Other current liabilities. See Note 2 – Revenue.

Other Non-Current Assets

The following table sets forth the components of Other non-current assets:


	As of September 30, 2018		As of June 30, 2018
	(in millions)
Royalty advances to authors	$	322	$	312
Inventory^(a)		146		143
Other		429		376

Total Other non-current assets	$	897	$	831

(a)	Primarily consists of the non-current portion of programming rights.

Other Current Liabilities

The following table sets forth the components of Other current liabilities:


	As of September 30, 2018		As of June 30, 2018
	(in millions)
Current tax payable	$	16	$	17
Allowance for sales returns		196		—
Royalties and commissions payable		201		187
Other		230		168

Total Other current liabilities	$	643	$	372

Other, net

The following table sets forth the components of Other, net:


	For the three months ended September 30,
	2018		2017
	(in millions)
Remeasurement of equity securities	$	15	$	—
Gain on sale of cost method investments		—		6
Other, net		5		3

Total Other, net	$	20	$	9

Supplemental Cash Flow Information

The following table sets forth the Company’s cash paid for taxes and interest:


	For the three months ended September 30,
	2018		2017
	(in millions)
Cash paid for interest	$	23	$	3
Cash paid for taxes		29		48

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Subsequent Events	3 Months Ended
Subsequent Events	Sep. 30, 2018
Subsequent Events [Abstract]
Subsequent Events	NOTE 15. SUBSEQUENT EVENTS In October 2018, the Company acquired Opcity, Inc. (“Opcity”), a market-leading real estate technology platform that matches qualified home buyers and sellers with real estate professionals in real time. The total transaction value was approximately $210 million, consisting of approximately $182 million in cash, net of $7 million of cash acquired, and approximately $28 million in deferred payments and restricted stock unit awards for Opcity’s founders and qualifying employees, which will be recognized as compensation expense over the three years following the closing. Included in the cash amount is approximately $20 million that will be held back for approximately 18 months after closing. The acquisition will broaden realtor.com^®’s lead generation product portfolio, allowing real estate professionals to choose between traditional lead products or a concierge-based model that provides highly vetted, transaction-ready leads. Opcity is a subsidiary of Move, and its results will be included within the Digital Real Estate Services segment. The Company is currently in the process of evaluating the purchase accounting implications, and as a result, disclosures required under ASC 805-10-50-2(h) cannot be made at this time.

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Description of Business and Basis of Presentation (Policies)	3 Months Ended
	Sep. 30, 2018
Accounting Policies [Abstract]
Basis of Presentation	*Basis of Presentation* The accompanying unaudited consolidated financial statements of the Company, which are referred to herein as the “Consolidated Financial Statements,” have been prepared in accordance with generally accepted accounting principles in the United States of America (“GAAP”) for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X. In the opinion of management, all adjustments consisting only of normal recurring adjustments necessary for a fair presentation have been reflected in these Consolidated Financial Statements. Operating results for the interim period presented are not necessarily indicative of the results that may be expected for the fiscal year ending June 30, 2019. The preparation of the Company’s Consolidated Financial Statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts that are reported in the Consolidated Financial Statements and accompanying disclosures. Actual results could differ from those estimates. Intercompany transactions and balances have been eliminated. Equity investments in which the Company exercises significant influence but does not exercise control and is not the primary beneficiary are accounted for using the equity method. In accordance with ASU 2016-01, investments in which the Company is not able to exercise significant influence over the investee are measured at fair value, if the fair value is readily determinable. If an investment’s fair value is not readily determinable, the Company will measure the investment at cost, less any impairment, plus or minus changes resulting from observable price changes in orderly transactions for an identical or similar investment of the same issuer. The consolidated statements of operations are referred to herein as the “Statements of Operations.” The consolidated balance sheets are referred to herein as the “Balance Sheets.” The consolidated statements of cash flows are referred to herein as the “Statements of Cash Flows.” The accompanying Consolidated Financial Statements and notes thereto should be read in conjunction with the audited consolidated financial statements and notes thereto included in the Company’s Annual Report on Form 10-K for the fiscal year ended June 30, 2018 as filed with the Securities and Exchange Commission (the “SEC”) on August 15, 2018 (the “2018 Form 10-K”). Certain reclassifications have been made to the prior period consolidated financial statements to conform to the current year presentation. Specifically, in the first quarter of fiscal 2019, the Company reclassified Conference Sponsorship revenues at its Dow Jones reporting unit and Merchandising revenues at News America Marketing from Other revenues to Advertising revenues as the Company believes that the reclassification more accurately reflects the nature of those revenue streams. These revenue reclassifications totaled $12 million for the three months ended September 30, 2017 and $57 million for the fiscal year ended June 30, 2018. The Company’s fiscal year ends on the Sunday closest to June 30. Fiscal 2019 and fiscal 2018 include 52 weeks. All references to the three months ended September 30, 2018 and 2017 relate to the three months ended September 30, 2018 and October 1, 2017, respectively. For convenience purposes, the Company continues to date its consolidated financial statements as of September 30.
Recently Issued Accounting Pronouncements	*Recently Issued Accounting Pronouncements* Adopted In May 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2014-09, “Revenue from Contracts with Customers (Topic 606)” (“ASU 2014-09”), which amended the FASB Accounting Standards Codification by creating Topic 606, “Revenue from Contracts with Customers” (“ASC 606”). ASU 2014-09 removes inconsistencies and differences in existing revenue recognition requirements between GAAP and International Financial Reporting Standards and requires a company to recognize revenue when it transfers promised goods or services to customers in an amount that reflects the consideration to which the company expects to be entitled in exchange for those goods or services. The Company adopted ASU 2014-09 on a modified retrospective basis as of July 1, 2018. As a result, the Company recorded a $20 million decrease to Accumulated deficit as of July 1, 2018 to reflect the cumulative impact of its adoption of ASC 606. See Note 2 —Revenues. In January 2016, the FASB issued ASU 2016-01, “Financial Instruments—Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities” (“ASU 2016-01”). The amendments in ASU 2016-01 address certain aspects of recognition, measurement, presentation and disclosure of financial instruments. ASU 2016-01 is effective for the Company for annual and interim reporting periods beginning July 1, 2018. The Company adopted the guidance on a cumulative-effect basis for its investments with readily determinable fair values effective July 1, 2018. In accordance with ASU 2016-01, the cumulative net unrealized gains (losses) for these investments contained within Accumulated other comprehensive loss were reclassified through Accumulated deficit as of July 1, 2018, and the Company recorded a $22 million decrease to Accumulated deficit. The Company has elected to measure equity investments that do not have readily determinable fair values at cost minus impairment, if any, plus or minus changes resulting from observable price changes in orderly transactions for an identical or similar investment of the same issuer; there was no financial statement impact upon adoption for these investments. In March 2017, the FASB issued ASU 2017-07, “Compensation—Retirement Benefits (Topic 715): Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost” (“ASU 2017-07”). The amendments in ASU 2017-07 require that an employer report the service cost component in the same line item or items as other compensation costs arising from services rendered by the pertinent employees during the period. The other components of net benefit/cost as defined in paragraphs 715-30-35-4 and 715-60-35-9 are required to be presented in the income statement separately from the service cost component and outside a subtotal of income from operations, if one is presented. ASU 2017-07 allows for a practical expedient that permits a company to use the amounts disclosed in its pension and other postretirement benefit plan note for the prior comparative periods as the estimation basis for applying the retrospective presentation requirements. ASU 2017-07 is effective for the Company for annual and interim reporting periods beginning July 1, 2018. The Company adopted ASU 2017-07 utilizing the practical expedient. The other components of net periodic benefit/cost are included in Other, net in the Statements of Operations. The adoption did not have a material impact on the Company’s consolidated financial statements. In August 2018, the FASB issued ASU 2018-15, “Intangibles—Goodwill and Other—Internal-Use Software (Subtopic 350-40): Customer’s Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement That Is a Service Contract (a consensus of the FASB Emerging Issues Task Force)” (“ASU 2018-15”). The amendments in ASU 2018-15 align the requirements for capitalizing implementation costs incurred in a hosting arrangement that is a service contract with the requirements for capitalizing implementation costs incurred to develop or obtain internal-use software (and hosting arrangements that include an internal-use software license). As permitted by ASU 2018-15, the Company early-adopted this standard on a prospective basis. The adoption did not have a material impact on the Company’s consolidated financial statements. Issued In February 2016, the FASB issued ASU 2016-02, “Leases (Topic 842)” (“ASU 2016-02”). The amendments in ASU 2016-02 address certain aspects in lease accounting, with the most significant impact for lessees. The amendments in ASU 2016-02 require lessees to recognize all leases on the balance sheet by recording a right-of-use asset and a lease liability, and lessor accounting has been updated to align with the new requirements for lessees. The new standard also provides changes to the existing sale-leaseback guidance. In July 2018, the FASB issued ASU 2018-10, “Codification Improvements to Topic 842, Leases,” which clarifies how to apply certain aspects of ASU 2016-02, and ASU 2018-11 “Leases (Topic 842): Targeted Improvements,” which provides entities with an additional and optional transition method to adopt the new leases standard. ASU 2016-02 is effective for the Company for annual and interim reporting periods beginning July 1, 2019. The Company is currently evaluating the impact ASU 2016-02 will have on its consolidated financial statements. In June 2016, the FASB issued ASU 2016-13, “Financial Instruments—Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments” (“ASU 2016-13”). The amendments in ASU 2016-13 require a financial asset (or a group of financial assets) measured at amortized cost basis to be presented at the net amount expected to be collected. ASU 2016-13 is effective for the Company for annual and interim reporting periods beginning July 1, 2020. The Company is currently evaluating the impact ASU 2016-13 will have on its consolidated financial statements. In August 2017, the FASB issued ASU 2017-12, “Derivatives and Hedging (Topic 815): Targeted Improvements to Accounting for Hedging Activities” (“ASU 2017-12”). The amendments in ASU 2017-12 more closely align the results of cash flow and fair value hedge accounting with risk management activities through changes to both the designation and measurement guidance for qualifying hedging relationships and the presentation of hedge results in the financial statements. The amendments address specific limitations in current GAAP by expanding hedge accounting for both nonfinancial and financial risk components and by refining the measurement of hedge results to better reflect an entity’s hedging strategies. ASU 2017-12 is effective for the Company for annual and interim reporting periods beginning July 1, 2019. The Company is currently evaluating the impact ASU 2017-12 will have on its consolidated financial statements. In February 2018, the FASB issued ASU 2018-02, “Income Statement—Reporting Comprehensive Income (Topic 220): Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income” (“ASU 2018-02”). The amendments in ASU 2018-02 provide a reclassification from Accumulated other comprehensive income to retained earnings for stranded tax effects resulting from the Tax Act. See Note 12—Income Taxes. Consequently, the amendments eliminate the stranded tax effects resulting from the Tax Act and will improve the usefulness of information reported to financial statement users. ASU 2018-02 is effective for the Company for annual and interim reporting periods beginning July 1, 2019. The Company is currently evaluating the impact ASU 2018-02 will have on its consolidated financial statements. In August 2018, the FASB issued ASU 2018-13, “Fair Value Measurement (Topic 820): Disclosure Framework—Changes to the Disclosure Requirements for Fair Value Measurement” (“ASU 2018-13”). ASU 2018-13 removes, modifies and adds certain disclosure requirements in Topic 820 “Fair Value Measurement”. ASU 2018-13 eliminates certain disclosures related to transfers and the valuations process, modifies disclosures for investments that are valued based on net asset value, clarifies the measurement uncertainty disclosure, and requires additional disclosures for Level 3 fair value measurements. ASU 2018-13 is effective for the Company for annual and interim reporting periods beginning July 1, 2020. The Company is currently evaluating the impact ASU 2018-13 will have on its consolidated financial statements. In August 2018, the FASB issued ASU 2018-14, “Compensation—Retirement Benefits—Defined Benefit Plans—General (Subtopic 715-20): Disclosure Framework—Changes to the Disclosure Requirements for Defined Benefit Plans” (“ASU 2018-14”). The amendments in ASU 2018-14 modify the disclosure requirements for employers that sponsor defined benefit pension or other postretirement plans. ASU 2018-14 eliminates the disclosures for amounts in Accumulated other comprehensive loss expected to be recognized as a component of net periodic benefit cost and the effect of a percentage change in health care cost trend rate. ASU 2018-14 is effective for the Company for annual and interim reporting periods beginning July 1, 2021. The Company is currently evaluating the impact ASU 2018-14 will have on its consolidated financial statements.

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Revenues (Tables)

3 Months Ended

Sep. 30, 2018

Revenue from Contract with Customer [Abstract]

Summary of Cumulative Effect and Impact of Adoption of ASC 606 on Consolidated Statement of Operations and Consolidated Balance Sheets

The Company’s revenues for the three months ended September 30, 2018 and the opening balance sheet as of July 1, 2018 under both ASC 606 and the prior standard, ASC 605 are as follows:


	For the three months ended September 30, 2018
	ASC 605			Effects of Adoption			ASC 606
	(in millions)
Revenue:
Circulation and subscription	$	1,032		$	2		$	1,034
Advertising		664			—			664
Consumer		412			(12	)		400
Real estate		227			—			227
Other		206			(7	)		199

Total revenues	$	2,541		$	(17	)	$	2,524
Operating expenses and Selling, general and administrative	$	(2,190	)	$	24		$	(2,166	)
Net income	$	123		$	5		$	128

	As of July 1, 2018
	ASC 605			Effects of Adoption			ASC 606
	(in millions)
Assets:
Receivables, net	$	1,612		$	200		$	1,812
Other current assets		372			(4	)		368
Deferred income tax assets		279			2			281
Other non-current assets		831			92			923
Liabilities and Equity:
Deferred revenue	$	516		$	(6	)	$	510
Other current liabilities		372			194			566
Deferred income tax liabilities		389			11			400
Other non-current liabilities		430			71			501
Accumulated deficit		(2,163	)		20			(2,143	)

Summary of Disaggregated Revenue by Type and Segment

Disaggregated revenue

The following table presents revenue by type and segment for the three months ended September 30, 2018:


	News and Information Services		Subscription Video Services		Book Publishing		Digital Real Estate Services		Total Revenues
	(in millions)
Revenues:
Circulation and subscription	$	529	$	491	$	—	$	14	$	1,034
Advertising		576		57		—		31		664
Consumer		—		—		400		—		400
Real estate		—		—		—		227		227
Other		143		17		18		21		199

Total Revenues	$	1,248	$	565	$	418	$	293	$	2,524

Summary of Deferred Revenue from Contracts with Customers

The following table presents changes in the deferred revenue balance for the three months ended September 30, 2018:


	For the three months ended September 30, 2018
	(in millions)
Balance as of July 1, 2018	$	510
Deferral of revenue		595
Recognition of deferred revenue^(a)		(670	)
Other		1

Balance as of September 30, 2018	$	436

(a)

For the three months ended September 30, 2018, the Company recognized approximately $357 million of revenue which was included in the opening deferred revenue balance.

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Acquisitions, Disposals and Other Transactions (Tables) - New Foxtel [Member]

3 Months Ended

Sep. 30, 2018

Schedule of Total Aggregate Purchase Price Transaction Value/ Fair Value of Acquisition

The total aggregate purchase price associated with the Transaction at the completion date is set forth below (in millions):


Consideration transferred^(a)	$	331
Fair value of News Corp previously held equity interest in Foxtel		631
Fair value of noncontrolling interest^(b)		578

Fair value of net assets	$	1,540

a)	Primarily represents the fair value of 35% of FOX SPORTS Australia exchanged as consideration in the Transaction and has been included in noncontrolling interest

b)	Primarily represents the fair value of 35% of Foxtel, which includes the impact of certain market participant synergies

Schedule of Fair Value of Assets Acquired and Liabilities Assumed


Assets acquired:
Cash	$	78
Current assets		526
Property, plant and equipment		967
Intangible assets		868
Goodwill		1,574
Other non-current assets		292

Total assets acquired	$	4,305

Liabilities assumed:
Current liabilities	$	609
Long-term borrowings		1,751
Other non-current liabilities		405

Total liabilities assumed		2,765

Net assets acquired	$	1,540

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Impairment and Restructuring Charges (Tables)

3 Months Ended

Sep. 30, 2018

Restructuring and Related Activities [Abstract]

Schedule of Changes in Restructuring Program Liabilities

Changes in restructuring program liabilities were as follows:


	For the three months ended September 30,
	2018											2017
	One time employee termination benefits			Facility related costs		Other costs			Total			One time employee termination benefits			Facility related costs			Other costs		Total
	(in millions)
Balance, beginning of period	$	29		$	2	$	11		$	42		$	33		$	6		$	10	$	49
Additions		18			—		—			18			15			—			—		15
Payments		(23	)		—		(1	)		(24	)		(23	)		—			—		(23	)
Other		(1	)		—		1			—			—			(1	)		—		(1	)

Balance, end of period	$	23		$	2	$	11		$	36		$	25		$	5		$	10	$	40

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Investments (Tables)

3 Months Ended

Sep. 30, 2018

Investments Schedule [Abstract]

Schedule of Investments

The Company’s investments were comprised of the following:


	Ownership Percentage as of September 30, 2018		As of September 30, 2018		As of June 30, 2018
			(in millions)
Equity method investments^(a)		various	$	164	$	173
Equity securities^(b)		various		226		220

Total Investments			$	390	$	393

^(a)	Equity method investments are primarily comprised of Elara Technologies Pte. Ltd., which operates PropTiger.com, Makaan.com and Housing.com and new Foxtel’s investment in the Nickelodeon Australia Joint Venture.

^(b)	Equity securities are primarily comprised of the Company’s investment in HT&E Limited, which operates a portfolio of Australian radio and outdoor media assets and certain investments in China.

Schedule of Total Gains and Losses on Equity Securities


	For the three months ended September 30,
	2018		2017
	(in millions)
Total gains (losses) recognized on equity securities	$	15	$	(19	)
Less: Gains (losses) recognized on equity securities sold		—		6

Unrealized gains (losses) recognized on equity securities held at end of period	$	15	$	(25	)

Schedule of Losses of Equity Affiliates

The Company’s share of the losses of its equity affiliates was as follows:


	For the three months ended September 30,
	2018			2017
	(in millions)
Foxtel^(a)	$	—		$	(5	)
Other equity affiliates, net^(b)		(3	)		(5	)

Total Equity losses of affiliates	$	(3	)	$	(10	)

^(a)	Following completion of the Transaction in April 2018, News Corp ceased accounting for Foxtel as an equity method investment and began consolidating its results in the fourth quarter of fiscal 2018. See Note 3— Acquisitions, Disposals and Other Transactions.

^(b)	Other equity affiliates, net for the three months ended September 30, 2018 and 2017 include losses primarily from the Company’s interest in Elara.

Schedule of Summarized Financial Information

Summarized financial information for Foxtel, presented in accordance with U.S. GAAP, was as follows:


	For the three months ended September 30,
	2018^(a)		2017
	(in millions)
Revenues	$	—	$	633
Operating income^(b)		—		63
Net income		—		24

^(a)	The Company began consolidating the results of Foxtel in the fourth quarter of fiscal 2018 as a result of the Transaction.

^(b)	Includes Depreciation and amortization of $59 million for the three months ended September 30, 2017. Operating income before depreciation and amortization was $122 million for the three months ended September 30, 2017.

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Borrowings (Tables)

3 Months Ended

Sep. 30, 2018

Debt Disclosure [Abstract]

Schedule of Borrowings

The Company’s total borrowings consist of the following:


	Interest rate at September 30, 2018			Due date at September 30, 2018		As of September 30, 2018			As of June 30, 2018
						(in millions)
Foxtel Group
Credit facility 2013^(a)		3.63	%		Apr 7, 2019	$	217		$	222
Credit facility 2014 — tranche 1^(a)		3.68	%		May 30, 2019		144			148
Credit facility 2014 — tranche 2^(a)		3.78	%		Jan 31, 2020		144			148
Credit facility 2015^(a)		3.83	%		Jul 31, 2020		289			296
Credit facility 2016^(a)(b)		4.38	%		Sept 11, 2021		47			108
Working capital facility 2017^(a)(b)		3.98	%		Jul 3, 2020		58			59
US private placement 2009 — tranche 3		6.20	%		Sept 24, 2019		75			75
US private placement 2012 — USD portion — tranche 1^(c)		3.68	%		Jul 25, 2019		149			150
US private placement 2012 — USD portion — tranche 2^(c)		4.27	%		Jul 25, 2022		197			196
US private placement 2012 — USD portion — tranche 3^(c)		4.42	%		Jul 25 2024		147			146
US private placement 2012 — AUD portion		7.04	%		Jul 25, 2022		80			83
REA Group
Credit facility 2016 — tranche 2^(d)		2.84	%		Dec 31, 2018		86			89
Credit facility 2016 — tranche 3^(d)		2.94	%		Dec 31, 2019		173			178
Credit facility 2018^(d)		2.76	%		April 27, 2021		51			54

Total borrowings							1,857			1,952
Less: current portion^(e)							(671	)		(462	)

Long-term borrowings						$	1,186		$	1,490

^(a)	Borrowings under these facilities bear interest at a floating rate of Australian BBSY plus an applicable margin of between 1.10% and 2.70% per annum payable quarterly.

^(b)	As of September 30, 2018, the Foxtel Group has undrawn commitments of $251 million under these facilities for which it pays a commitment fee in the range of 40% to 45% of the applicable margin.

^(c)	The carrying value of the borrowings include any fair value adjustments related to the Company’s fair value hedges. See Note 9 —Financial Instruments and Fair Value Measurements.

^(d)	Borrowings under these facilities bear interest at a floating rate of the Australian BBSY plus a margin of between 0.85% and 1.45% depending on REA Group’s net leverage ratio. As of September 30, 2018, REA Group was paying a margin of between 0.85% and 1.05%.

^(e)	The Company classifies the current portion of long term debt as non-current liabilities on the Balance Sheets when it has the intent and ability to refinance the obligation on a long-term basis, in accordance with ASC 470-50 “Debt.”

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.22)
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 45
-Paragraph 1A
-URI http://asc.fasb.org/extlink&oid=114775744&loc=d3e28541-108399

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21506-112644

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08.(e),(f))
-URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690

Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 45
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=114775744&loc=d3e28551-108399

Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 7
-URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21521-112644

Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21538-112644

Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 470
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=75038535&loc=d3e64711-112823

Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 55
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=114775985&loc=d3e28878-108400

Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21475-112644

Summary of Changes in Equity

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Equity (Tables)

3 Months Ended

Sep. 30, 2018

Federal Home Loan Banks [Abstract]

The following table summarizes changes in equity:


	For the three months ended September 30,
	2018									2017
	News									News
	Corporation			Noncontrolling			Total			Corporation			Noncontrolling			Total
	stockholders			Interests			Equity			stockholders			Interests			Equity
	(in millions)
Balance, beginning of period	$	9,291		$	1,186		$	10,477		$	10,789		$	284		$	11,073
Cumulative impact of revenue standard adoption		10			10			20			—			—			—
Net income		101			27			128			68			19			87
Other comprehensive income		(75	)		(28	)		(103	)		112			4			116
Dividends		(59	)		(23	)		(82	)		(59	)		(21	)		(80	)
Other		(7	)		(3	)		(10	)		3			(3	)		—

Balance, end of period	$	9,261		$	1,169		$	10,430		$	10,913		$	283		$	11,196

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Financial Instruments and Fair Value Measurements (Tables)

3 Months Ended

Sep. 30, 2018

Fair Value Disclosures [Abstract]

Summary of Assets and Liabilities Measured At Fair Value on Recurring Basis

The following table summarizes those assets and liabilities measured at fair value on a recurring basis:


	September 30, 2018								June 30, 2018
	Level 1		Level 2		Level 3		Total		Level 1		Level 2		Level 3		Total
	(in millions)
Assets:
Foreign currency derivatives - cash flow hedges	$	—	$	4	$	—	$	4	$	—	$	3	$	—	$	3
Cross currency interest rate derivatives - fair value hedges		—		22		—		22		—		29		—		29
Cross currency interest rate derivatives - economic hedges		—		11		—		11		—		10		—		10
Cross currency interest rate derivatives - cash flow hedges		—		91		—		91		—		76		—		76
Equity securities^(a)		111		—		115		226		93		—		—		93

Total assets	$	111	$	128	$	115	$	354	$	93	$	118	$	—	$	211

Liabilities:
Interest rate derivatives - cash flow hedges	$	—	$	18	$	—	$	18	$	—	$	20	$	—	$	20
Mandatorily redeemable noncontrolling interests		—		—		12		12		—		—		12		12
Cross currency interest rate derivatives - cash flow hedges		—		11		—		11		—		12		—		12

Total liabilities	$	—	$	29	$	12	$	41	$	—	$	32	$	12	$	44

(a)	See Note 5 —Investments.

Summary of Equity Securities Classified as Level 3

A rollforward of the Company’s equity securities classified as Level 3 is as follows:


	For the three months ended September 30,
	2018
	(in millions)
Balance - beginning of period	$	127
Purchases		5
Sales		(10)
Foreign exchange and other		(7)

Balance - end of period	$	115

Summary of Mandatorily Redeemable Noncontrolling Interest Liabilities Classified Level 3

A rollforward of the Company’s mandatorily redeemable noncontrolling interest liabilities classified as Level 3 is as follows:


	For the three months ended September 30,
	2018		2017
	(in millions)
Balance - beginning of period	$	12	$	79
Additions		—		12
Accretion		—		2

Balance - end of period	$	12	$	93

Summary of Hedges Classified as Current or Non-Current in Balance Sheets Based on Maturity Dates

Hedges are classified as current or non-current in the Balance Sheets based on their maturity dates. Refer to the table below for further details:


			Fair value as of
	Balance Sheet Location		September 30, 2018			June 30, 2018
			(in millions)
Foreign currency derivatives - cash flow hedges		Other current assets	$	4		$	3
Cross currency interest rate derivatives - fair value hedges		Other current assets		7			—
Cross currency interest rate derivatives - economic hedges		Other current assets		11			—
Cross currency interest rate derivatives - cash flow hedges		Other current assets		30			—
Cross currency interest rate derivatives - fair value hedges		Other non-current assets		15			29
Cross currency interest rate derivatives - cash flow hedges		Other non-current assets		61			76
Cross currency interest rate derivatives - economic hedges		Other non-current assets		—			10
Interest rate derivatives - cash flow hedges		Other current liabilities		(1	)		—
Cross currency interest rate derivatives - cash flow hedges		Other current liabilities		(1	)		—
Interest rate derivatives - cash flow hedges		Other non-current liabilities		(17	)		(20	)
Cross currency interest rate derivatives - cash flow hedges		Other non-current liabilities		(10	)		(12	)

Financial Instruments and Fair Value Measurements - Summary of Derivative Instruments Designated as Cash Flow Hedges


	Gain (loss) recognized in Accumulated					Gain (loss) reclassified from Accumulated
	Other Comprehensive Income for the three months ended					Other Comprehensive Income for the three months ended					Income statement
	September 30,					September 30,					location
	2018			2017		2018			2017
	(in millions)
Derivative instruments designated as cash flow hedges:
Foreign currency derivatives - cash flow hedges	$	(2	)	$	—	$	1		$	—		Operating expenses
Cross currency interest rate derivatives - cash flow hedges		14			—		(14	)		—		Interest (expense) income, net
Interest rate derivatives - cash flow hedges		1			—		(2	)		—		Interest (expense) income, net

Total	$	13		$	—	$	(15	)	$	—

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Earnings Per Share (Tables)

3 Months Ended

Sep. 30, 2018

Earnings Per Share [Abstract]

Computation of Basic and Diluted Earnings (Loss) per Share

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


	For the three months ended September 30,
	2018			2017
	(in millions, except per share amounts)
Net income	$	128		$	87
Less: Net income attributable to noncontrolling interests		(27	)		(19	)

Net income available to News Corporation stockholders	$	101		$	68

Weighted-average number of shares of common stock outstanding - basic		583.9			582.3
Dilutive effect of equity awards		1.7			1.1

Weighted-average number of shares of common stock outstanding - diluted		585.6			583.4

Net income available to News Corporation stockholders per share - basic	$	0.17		$	0.12
Net income available to News Corporation stockholders per share - diluted	$	0.17		$	0.12

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Segment Information (Tables)

3 Months Ended

Sep. 30, 2018

Segment Reporting [Abstract]

Reconciliation of Revenue and Segment EBITDA from Segments to Consolidated


	For the three months ended September 30,
	2018			2017
	(in millions)
Revenues:
News and Information Services	$	1,248		$	1,241
Subscription Video Services		565			145
Book Publishing		418			401
Digital Real Estate Services		293			271
Other		—			—

Total revenues	$	2,524		$	2,058

Segment EBITDA:
News and Information Services	$	116		$	74
Subscription Video Services		113			27
Book Publishing		68			48
Digital Real Estate Services		105			95
Other		(44	)		4
Depreciation and amortization		(163	)		(97	)
Impairment and restructuring charges		(18	)		(15	)
Equity losses of affiliates		(3	)		(10	)
Interest (expense) income, net		(16	)		6
Other, net		20			9

Income before income tax expense		178			141
Income tax expense		(50	)		(54	)

Net income	$	128		$	87

Reconciliation of Assets from Segments to Consolidated


	As of September 30, 2018		As of June 30, 2018
	(in millions)
Total assets:
News and Information Services	$	5,928	$	6,039
Subscription Video Services		4,671		4,738
Book Publishing		2,059		1,898
Digital Real Estate Services		2,219		2,171
Other^(a)		1,021		1,107
Investments		390		393

Total assets	$	16,288	$	16,346

^(a)	The Other segment primarily includes Cash and cash equivalents.

Reconciliation of Goodwill and Intangible Assets from Segments to Consolidated


	As of September 30, 2018		As of June 30, 2018
	(in millions)
Goodwill and intangible assets, net:
News and Information Services	$	2,716	$	2,730
Subscription Video Services		2,769		2,853
Book Publishing		797		804
Digital Real Estate Services		1,478		1,502

Total Goodwill and intangible assets, net	$	7,760	$	7,889

XML 44 R33.htm IDEA: XBRL DOCUMENT

Additional Financial Information (Tables)

3 Months Ended

Sep. 30, 2018

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Components of Receivables, Net

Receivables, net consist of:


	As of September 30, 2018			As of June 30, 2018
	(in millions)
Receivables	$	1,693		$	1,829
Allowance for sales returns^(a)		—			(171	)
Allowance for doubtful accounts		(45	)		(46	)

Receivables, net	$	1,648		$	1,612

^(a)	As a result of the adoption of the new revenue recognition standard, the Company reclassified the allowance for sales returns from Receivables to Other current liabilities. See Note 2 – Revenue

Components of Other Non-Current Assets

The following table sets forth the components of Other non-current assets:


	As of September 30, 2018		As of June 30, 2018
	(in millions)
Royalty advances to authors	$	322	$	312
Inventory^(a)		146		143
Other		429		376

Total Other non-current assets	$	897	$	831

(a)	Primarily consists of the non-current portion of programming rights.

Components of Other Current Liabilities

The following table sets forth the components of Other current liabilities:


	As of September 30, 2018		As of June 30, 2018
	(in millions)
Current tax payable	$	16	$	17
Allowance for sales returns		196		—
Royalties and commissions payable		201		187
Other		230		168

Total Other current liabilities	$	643	$	372

Components of Other, Net

The following table sets forth the components of Other, net:


	For the three months ended September 30,
	2018		2017
	(in millions)
Remeasurement of equity securities	$	15	$	—
Gain on sale of cost method investments		—		6
Other, net		5		3

Total Other, net	$	20	$	9

Summary of Supplemental Cash Flow Information

The following table sets forth the Company’s cash paid for taxes and interest:


	As of September 30,
	2018		2017
	(in millions)
Cash paid for interest	$	23	$	3
Cash paid for taxes		29		48

XML 45 R34.htm IDEA: XBRL DOCUMENT

Description of Business and Basis of presentation (Detail) - USD ($) $ in Millions		1 Months Ended	3 Months Ended	12 Months Ended
	Jul. 01, 2018	Apr. 30, 2018	Sep. 30, 2018	Jun. 30, 2018
Revenue reclassifications			$ 12	$ 57
New Foxtel [Member]
Ownership interest		65.00%
Accounting Standards Update 2014-09 [Member]
Adjustment to retained earnings	$ 20
Accounting Standards Update 2016-01 [Member]
Adjustment to retained earnings	$ 22
FOX SPORTS Australia [Member] \| New Foxtel [Member]
Company ownership percentage		100.00%
Telstra [Member] \| New Foxtel [Member]
Ownership interest held by minority interest		35.00%
Foxtel [Member] \| New Foxtel [Member]
Equity method investment, ownership percentage		50.00%

XML 46 R35.htm IDEA: XBRL DOCUMENT

Revenues - Additional Information (Detail) - USD ($) $ in Millions		3 Months Ended
	Jul. 01, 2018	Sep. 30, 2018	Sep. 30, 2017
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Revenue		$ 2,524	$ 2,058
Revenue from performance obligation		80
Revenue from remaining performance obligation		300
2019 [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Revenue from remaining performance obligation		$ 90
Expected period of performance obligation to be recognized		1 year
2020 [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Revenue from remaining performance obligation		$ 110
Expected period of performance obligation to be recognized		1 year
2021 [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Revenue from remaining performance obligation		$ 80
Expected period of performance obligation to be recognized		1 year
Accounting Standards Update 2014-09 [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Adjustment to retained earnings	$ 20
ASC 606 [Member] \| Accounting Standards Update 2014-09 [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Revenue		$ (17)
Subscription Video Services [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Revenue		565	$ 145
Reclassification of Marketing and Sales Incentive Payments [Member] \| Subscription Video Services, Book Publishing and News and Information Services [Member] \| ASC 606 [Member] \| Accounting Standards Update 2014-09 [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Revenue		28
Financial Services [Member] \| REA Group Inc [Member] \| Accounting Standards Update 2014-09 [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Commission receivable	121
Commission payable	$ 94
Installation Operations [Member] \| Subscription Video Services [Member] \| ASC 606 [Member] \| Accounting Standards Update 2014-09 [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Revenue		$ 6

XML 47 R36.htm IDEA: XBRL DOCUMENT

Revenues - Summary of Cumulative Effect and Impact of Adoption ASC 606 and ASC 605 (Detail) - USD ($) $ in Millions	3 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Jul. 01, 2018	Jun. 30, 2018
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Total Revenues	$ 2,524	$ 2,058
Operating expenses and Selling, general and administrative	(2,166)
Net income	101	68
Assets:
Receivables, net	1,648		$ 1,812	$ 1,612
Other current assets	547		368	372
Deferred income tax assets	260		281	279
Other non-current assets	897		923	831
Liabilities and Equity:
Deferred revenue	436		510	516
Other current liabilities	643		566	372
Deferred income tax liabilities	401		400	389
Other non-current liabilities	485		501	430
Accumulated deficit	(2,032)		(2,143)	$ (2,163)
Circulation and Subscription [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Total Revenues	1,034	651
Advertising [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Total Revenues	664	682
Consumer [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Total Revenues	400	386
Real Estate [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Total Revenues	227	$ 203
Other [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Total Revenues	199
ASC 605 [Member] \| Accounting Standards Update 2014-09 [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Total Revenues	2,541
Operating expenses and Selling, general and administrative	(2,190)
Net income	123
Assets:
Receivables, net			1,612
Other current assets			372
Deferred income tax assets			279
Other non-current assets			831
Liabilities and Equity:
Deferred revenue			516
Other current liabilities			372
Deferred income tax liabilities			389
Other non-current liabilities			430
Accumulated deficit			(2,163)
ASC 605 [Member] \| Accounting Standards Update 2014-09 [Member] \| Circulation and Subscription [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Total Revenues	1,032
ASC 605 [Member] \| Accounting Standards Update 2014-09 [Member] \| Advertising [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Total Revenues	664
ASC 605 [Member] \| Accounting Standards Update 2014-09 [Member] \| Consumer [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Total Revenues	412
ASC 605 [Member] \| Accounting Standards Update 2014-09 [Member] \| Real Estate [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Total Revenues	227
ASC 605 [Member] \| Accounting Standards Update 2014-09 [Member] \| Other [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Total Revenues	206
ASC 606 [Member] \| Accounting Standards Update 2014-09 [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Total Revenues	(17)
Operating expenses and Selling, general and administrative	24
Net income	5
Assets:
Receivables, net			200
Other current assets			(4)
Deferred income tax assets			2
Other non-current assets			92
Liabilities and Equity:
Deferred revenue			(6)
Other current liabilities			194
Deferred income tax liabilities			11
Other non-current liabilities			71
Accumulated deficit			$ 20
ASC 606 [Member] \| Accounting Standards Update 2014-09 [Member] \| Circulation and Subscription [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Total Revenues	2
ASC 606 [Member] \| Accounting Standards Update 2014-09 [Member] \| Advertising [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Total Revenues	0
ASC 606 [Member] \| Accounting Standards Update 2014-09 [Member] \| Consumer [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Total Revenues	(12)
ASC 606 [Member] \| Accounting Standards Update 2014-09 [Member] \| Real Estate [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Total Revenues	0
ASC 606 [Member] \| Accounting Standards Update 2014-09 [Member] \| Other [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Total Revenues	$ (7)

XML 48 R37.htm IDEA: XBRL DOCUMENT

Revenues - Summary of Disaggregated Revenue by Type and by Segment (Detail) - USD ($) $ in Millions	3 Months Ended
	Sep. 30, 2018	Sep. 30, 2017
Disaggregation of Revenue [Line Items]
Revenues	$ 2,524	$ 2,058
Circulation and Subscription [Member]
Disaggregation of Revenue [Line Items]
Revenues	1,034	651
Advertising [Member]
Disaggregation of Revenue [Line Items]
Revenues	664	682
Consumer [Member]
Disaggregation of Revenue [Line Items]
Revenues	400	386
Real Estate [Member]
Disaggregation of Revenue [Line Items]
Revenues	227	203
Other [Member]
Disaggregation of Revenue [Line Items]
Revenues	199
News and Information Services [Member]
Disaggregation of Revenue [Line Items]
Revenues	1,248	1,241
News and Information Services [Member] \| Circulation and Subscription [Member]
Disaggregation of Revenue [Line Items]
Revenues	529
News and Information Services [Member] \| Advertising [Member]
Disaggregation of Revenue [Line Items]
Revenues	576
News and Information Services [Member] \| Consumer [Member]
Disaggregation of Revenue [Line Items]
Revenues	0
News and Information Services [Member] \| Real Estate [Member]
Disaggregation of Revenue [Line Items]
Revenues	0
News and Information Services [Member] \| Other [Member]
Disaggregation of Revenue [Line Items]
Revenues	143
Subscription Video Services [Member]
Disaggregation of Revenue [Line Items]
Revenues	565	145
Subscription Video Services [Member] \| Circulation and Subscription [Member]
Disaggregation of Revenue [Line Items]
Revenues	491
Subscription Video Services [Member] \| Advertising [Member]
Disaggregation of Revenue [Line Items]
Revenues	57
Subscription Video Services [Member] \| Consumer [Member]
Disaggregation of Revenue [Line Items]
Revenues	0
Subscription Video Services [Member] \| Real Estate [Member]
Disaggregation of Revenue [Line Items]
Revenues	0
Subscription Video Services [Member] \| Other [Member]
Disaggregation of Revenue [Line Items]
Revenues	17
Digital Real Estate Services [Member]
Disaggregation of Revenue [Line Items]
Revenues	293	271
Digital Real Estate Services [Member] \| Circulation and Subscription [Member]
Disaggregation of Revenue [Line Items]
Revenues	14
Digital Real Estate Services [Member] \| Advertising [Member]
Disaggregation of Revenue [Line Items]
Revenues	31
Digital Real Estate Services [Member] \| Consumer [Member]
Disaggregation of Revenue [Line Items]
Revenues	0
Digital Real Estate Services [Member] \| Real Estate [Member]
Disaggregation of Revenue [Line Items]
Revenues	227
Digital Real Estate Services [Member] \| Other [Member]
Disaggregation of Revenue [Line Items]
Revenues	21
Book Publishing [Member]
Disaggregation of Revenue [Line Items]
Revenues	418	$ 401
Book Publishing [Member] \| Circulation and Subscription [Member]
Disaggregation of Revenue [Line Items]
Revenues	0
Book Publishing [Member] \| Advertising [Member]
Disaggregation of Revenue [Line Items]
Revenues	0
Book Publishing [Member] \| Consumer [Member]
Disaggregation of Revenue [Line Items]
Revenues	400
Book Publishing [Member] \| Real Estate [Member]
Disaggregation of Revenue [Line Items]
Revenues	0
Book Publishing [Member] \| Other [Member]
Disaggregation of Revenue [Line Items]
Revenues	$ 18

XML 49 R38.htm IDEA: XBRL DOCUMENT

Revenues - Summary of Deferred Revenue from Contract with Customers (Detail) $ in Millions	3 Months Ended
	Sep. 30, 2018 USD ($)
Deferred Revenue Current [Abstract]
Balance as of July 1, 2018	$ 510
Deferral of revenue	595
Recognition of deferred revenue	(670)
Other	1
Balance as of September 30, 2018	$ 436

XML 50 R39.htm IDEA: XBRL DOCUMENT

Revenues - Summary of Deferred Revenue from Contract with Customers (Parenthetical) (Detail) - USD ($) $ in Millions	3 Months Ended
	Sep. 30, 2018	Sep. 30, 2017
Disaggregation of Revenue [Line Items]
Recognition of deferred revenue	$ 2,524	$ 2,058
Deferred Revenue [Member]
Disaggregation of Revenue [Line Items]
Recognition of deferred revenue	$ 357

XML 51 R40.htm IDEA: XBRL DOCUMENT

Acquisitions, Disposals and Other Transactions - Additional Information (Detail) - USD ($) $ in Millions	1 Months Ended	3 Months Ended
	Apr. 30, 2018	Jun. 30, 2018	Sep. 30, 2018
Schedule Of Business Acquisitions And Divestitures [Line Items]
Goodwill		$ 5,218	$ 5,153
New Foxtel [Member]
Schedule Of Business Acquisitions And Divestitures [Line Items]
Equity method investment, ownership percentage	50.00%
Ownership interest	65.00%
Business acquisition, acquired interest percentage	65.00%
Percentage of the entity that the excess purchase price valuation is based on	100.00%
Business acquisition purchase price allocation, tangible assets	$ 849
Business acquisition purchase price allocation, Outstanding borrowings	1,751
Business acquisition purchase price allocation, amortizable and indefinite-lived intangible assets	868
Goodwill	$ 1,574
FOX SPORTS Australia [Member]
Schedule Of Business Acquisitions And Divestitures [Line Items]
Company ownership percentage	100.00%
Loss on transactions		(337)
Write-off of channel distribution agreement intangible asset		$ 317
Subscriber Relationships [Member] \| New Foxtel [Member]
Schedule Of Business Acquisitions And Divestitures [Line Items]
Business acquisition purchase price allocation, amortizable intangible assets	$ 468
Finite lived intangible assets, weighted average useful life	10 years
Trade Names [Member] \| New Foxtel [Member]
Schedule Of Business Acquisitions And Divestitures [Line Items]
Business acquisition purchase price allocation, indefinite-lived intangible assets	$ 277
Customer Relationships [Member] \| New Foxtel [Member]
Schedule Of Business Acquisitions And Divestitures [Line Items]
Business acquisition purchase price allocation, amortizable intangible assets	$ 123
Finite lived intangible assets, weighted average useful life	15 years
Telstra [Member] \| New Foxtel [Member]
Schedule Of Business Acquisitions And Divestitures [Line Items]
Ownership interest held by minority interest	35.00%

XML 52 R41.htm IDEA: XBRL DOCUMENT

Acquisitions, Disposals and Other Transactions - Schedule of Total Aggregate Purchase Price Transaction Value/ Fair Value of Acquisition (Detail) - New Foxtel [Member]
$ in Millions

1 Months Ended

Apr. 30, 2018

USD ($)

Business Acquisition [Line Items]

Consideration transferred

$ 331

^[1]

Fair value of News Corp previously held equity interest in Foxtel

631

Fair value of noncontrolling interest

578

^[2]

Fair value of net assets

$ 1,540

[1]	Primarily represents the fair value of 35% of FOX SPORTS Australia exchanged as consideration in the Transaction and has been included in noncontrolling interest
[2]	Primarily represents the fair value of 35% of Foxtel, which includes the impact of certain market participant synergies

XML 53 R42.htm IDEA: XBRL DOCUMENT

Acquisitions, Disposals and Other Transactions - Schedule of Total Aggregate Purchase Price Transaction Value/ Fair Value of Acquisition (Parenthetical) (Detail)	1 Months Ended
	Apr. 30, 2018
FOX SPORTS Australia [Member]
Business Acquisition [Line Items]
Percentage of fair value, noncontrolling interest	35.00%
Foxtel [Member]
Business Acquisition [Line Items]
Percentage of fair value, noncontrolling interest	35.00%

XML 54 R43.htm IDEA: XBRL DOCUMENT

Acquisitions, Disposals and Other Transactions - Schedule of Fair Value of Assets Acquired and Liabilities Assumed (Detail) - USD ($) $ in Millions	Sep. 30, 2018	Jun. 30, 2018	Apr. 30, 2018
Assets acquired:
Goodwill	$ 5,153	$ 5,218
New Foxtel [Member]
Assets acquired:
Cash			$ 78
Current assets			526
Property, plant and equipment			967
Intangible assets			868
Goodwill			1,574
Other non-current assets			292
Total assets acquired			4,305
Liabilities assumed:
Current liabilities			609
Long-term borrowings			1,751
Other non-current liabilities			405
Total liabilities assumed			2,765
Net assets acquired			$ 1,540

XML 55 R44.htm IDEA: XBRL DOCUMENT

Impairment and Restructuring Charges - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended
	Sep. 30, 2018	Sep. 30, 2017
Restructuring Cost and Reserve [Line Items]
Restructuring charges	$ 18	$ 15
News and Information Services [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring charges	17	$ 14
Other Current Liabilities [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring liabilities, current	25
Other Non-Current Liabilities [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring liabilities, non-current	$ 11

XML 56 R45.htm IDEA: XBRL DOCUMENT

Impairment and Restructuring Charges - Schedule of Changes in Restructuring Program Liabilities (Detail) - USD ($) $ in Millions	3 Months Ended
	Sep. 30, 2018	Sep. 30, 2017
Restructuring Cost and Reserve [Line Items]
Restructuring Liabilities, Beginning Balance	$ 42	$ 49
Additions	18	15
Payments	(24)	(23)
Other	0	(1)
Restructuring Liabilities, Ending Balance	36	40
One Time Employee Termination Benefits [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Liabilities, Beginning Balance	29	33
Additions	18	15
Payments	(23)	(23)
Other	(1)	0
Restructuring Liabilities, Ending Balance	23	25
Facility Related Costs [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Liabilities, Beginning Balance	2	6
Additions	0	0
Payments	0	0
Other	0	(1)
Restructuring Liabilities, Ending Balance	2	5
Other Costs [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Liabilities, Beginning Balance	11	10
Additions	0	0
Payments	(1)	0
Other	1	0
Restructuring Liabilities, Ending Balance	$ 11	$ 10

XML 57 R46.htm IDEA: XBRL DOCUMENT

Investments - Schedule of Investments (Detail) - USD ($)
$ in Millions

Sep. 30, 2018

Jun. 30, 2018

Investments Schedule [Abstract]

Equity method investments

^[1]

$ 164

$ 173

Schedule of Equity Method Investments [Line Items]

^[2]

226

220

Total Investments

$ 390

$ 393

[1]	Equity method investments are primarily comprised of Elara Technologies Pte. Ltd., which operates PropTiger.com, Makaan.com and Housing.com and new Foxtel's investment in the Nickelodeon Australia Joint Venture.
[2]	Equity securities are primarily comprised of the Company's investment in HT&E Limited, which operates a portfolio of Australian radio and outdoor media assets and certain investments in China.

XML 58 R47.htm IDEA: XBRL DOCUMENT

Investments - Schedule of Total Gains and Losses on Equity Securities (Detail) - USD ($) $ in Millions	3 Months Ended
	Sep. 30, 2018	Sep. 30, 2017
Investments Schedule [Abstract]
Total gains (losses) recognized on equity securities	$ 15	$ (19)
Less: Gains (losses) recognized on equity securities sold	0	6
Unrealized gains (losses) recognized on equity securities held at end of period	$ 15	$ (25)

XML 59 R48.htm IDEA: XBRL DOCUMENT

Investments - Schedule of Losses of Equity Affiliates (Detail) - USD ($)
$ in Millions

3 Months Ended

Sep. 30, 2018

Sep. 30, 2017

Equity losses of affiliates

$ (3)

$ (10)

Foxtel [Member]

Schedule of Equity Method Investments [Line Items]

Equity losses of affiliates

^[1]

(5)

Other Equity Affiliates, Net [Member]

Schedule of Equity Method Investments [Line Items]

Equity losses of affiliates

^[2]

$ (3)

$ (5)

[1]

Following completion of the Transaction in April 2018, News Corp ceased accounting for Foxtel as an equity method investment and began consolidating its results in the fourth quarter of fiscal 2018. See Note 3- Acquisitions, Disposals and Other Transactions. In accordance with ASC 350, "Intangibles-Goodwill and Other", the Company amortized $17 million related to excess cost over the Company's proportionate share of its investment's underlying net assets allocated to finite-lived intangible assets during the three months ended September 30, 2017. Such amortization is reflected in Equity losses of affiliates in the Statement of Operations.

[2]

Other equity affiliates, net for the three months ended September 30, 2018 and 2017 include losses primarily from the Company's interest in Elara.

Schedule of Equity Method Investments [Line Items]

This item represents the entity's proportionate share for the period of the net income (loss) of its investee (such as unconsolidated subsidiaries and joint ventures) to which the equity method of accounting is applied. This item includes income or expense related to stock-based compensation based on the investor's grant of stock to employees of an equity method investee.

+ References + Details

XML 60 R49.htm IDEA: XBRL DOCUMENT

Investments - Schedule of Losses of Equity Affiliates (Parenthetical) (Detail) $ in Millions	3 Months Ended
	Sep. 30, 2017 USD ($)
Equity Losses of Affiliates [Member] \| Foxtel [Member]
Schedule of Equity Method Investments [Line Items]
Amortization of excess basis allocated to finite-lived intangible assets	$ 17

XML 61 R50.htm IDEA: XBRL DOCUMENT

Investments - Schedule of Summarized Financial Information (Detail) - Foxtel [Member] - USD ($)
$ in Millions

3 Months Ended

Sep. 30, 2018

^[1]

Sep. 30, 2017

Revenues

$ 0

$ 633

Operating income

^[2]

Net income

$ 0

$ 24

[1]	The Company began consolidating the results of Foxtel in the fourth quarter of fiscal 2018 as a result of the Transaction.
[2]	Includes Depreciation and amortization of $59 million for the three months ended September 30, 2017. Operating income before depreciation and amortization was $122 million for the three months ended September 30, 2017.

XML 62 R51.htm IDEA: XBRL DOCUMENT

Investments - Schedule of Summarized Financial Information (Parenthetical) (Detail) - Foxtel [Member] $ in Millions	3 Months Ended
	Sep. 30, 2017 USD ($)
Schedule of Equity Method Investments [Line Items]
Depreciation and amortization	$ 59
Operating income before depreciation and amortization	$ 122

XML 63 R52.htm IDEA: XBRL DOCUMENT

Borrowings - Schedule of Borrowings (Detail) - USD ($) $ in Millions	3 Months Ended
	Sep. 30, 2018	Jun. 30, 2018
Debt and Financial Instruments [Line Items]
Total borrowings	$ 1,857	$ 1,952
Less: current portion	(671)	(462)
Long-term borrowings	$ 1,186	1,490
Credit Facility 2013 [Member]
Debt and Financial Instruments [Line Items]
Interest rate	3.63%
Due date	Apr. 07, 2019
Total	$ 217	222
Credit Facility 2014 Tranche 1 [Member]
Debt and Financial Instruments [Line Items]
Interest rate	3.68%
Due date	May 30, 2019
Total	$ 144	148
Working Capital Facility 2017 [Member]
Debt and Financial Instruments [Line Items]
Interest rate	3.98%
Due date	Jul. 03, 2020
Total	$ 58	59
Credit Facility 2014 Tranche 2 [Member]
Debt and Financial Instruments [Line Items]
Interest rate	3.78%
Due date	Jan. 31, 2020
Total	$ 144	148
Credit Facility 2015 [Member]
Debt and Financial Instruments [Line Items]
Interest rate	3.83%
Due date	Jul. 31, 2020
Total	$ 289	296
Credit Facility 2016 [Member]
Debt and Financial Instruments [Line Items]
Interest rate	4.38%
Due date	Sep. 11, 2021
Total	$ 47	108
US Private Placement 2009 Tranche 3 [Member]
Debt and Financial Instruments [Line Items]
Interest rate	6.20%
Due date	Sep. 24, 2019
Total	$ 75	75
US Private Placement 2012 USD Portion Tranche 1 [Member]
Debt and Financial Instruments [Line Items]
Interest rate	3.68%
Due date	Jul. 25, 2019
Total	$ 149	150
US Private Placement 2012 USD Portion Tranche 2 [Member]
Debt and Financial Instruments [Line Items]
Interest rate	4.27%
Due date	Jul. 25, 2022
Total	$ 197	196
US Private Placement 2012 USD Portion Tranche 3 [Member]
Debt and Financial Instruments [Line Items]
Interest rate	4.42%
Due date	Jul. 25, 2024
Total	$ 147	146
US Private Placement 2012 AUD Portion [Member]
Debt and Financial Instruments [Line Items]
Interest rate	7.04%
Due date	Jul. 25, 2022
Total	$ 80	83
Credit Facility Fiscal 2016 Tranche 2 [Member] \| REA Group Inc [Member]
Debt and Financial Instruments [Line Items]
Interest rate	2.84%
Due date	Dec. 31, 2018
Total	$ 86	89
Credit Facility Fiscal 2016 Tranche 3 [Member] \| REA Group Inc [Member]
Debt and Financial Instruments [Line Items]
Interest rate	2.94%
Due date	Dec. 31, 2019
Total	$ 173	178
Credit Facility Fiscal 2018 [Member] \| REA Group Inc [Member]
Debt and Financial Instruments [Line Items]
Interest rate	2.76%
Due date	Apr. 27, 2021
Total	$ 51	$ 54

XML 64 R53.htm IDEA: XBRL DOCUMENT

Borrowings - Schedule of Borrowings (Parenthetical) (Detail) $ in Millions	3 Months Ended
	Sep. 30, 2018 USD ($)
New Foxtel [Member]
Debt and Financial Instruments [Line Items]
Undrawn commitments	$ 251
Percentage of applicable margin payable as commitment fee	40% to 45% of the applicable margin
Minimum [Member] \| Australian BBSY [Member]
Debt and Financial Instruments [Line Items]
Interest rate margin	1.10%
Maximum [Member] \| Australian BBSY [Member]
Debt and Financial Instruments [Line Items]
Interest rate margin	2.70%
REA Group [Member] \| Minimum [Member]
Debt and Financial Instruments [Line Items]
Interest rate margin	0.85%
REA Group [Member] \| Minimum [Member] \| Australian BBSY [Member]
Debt and Financial Instruments [Line Items]
Interest rate margin	0.85%
REA Group [Member] \| Maximum [Member]
Debt and Financial Instruments [Line Items]
Interest rate margin	1.05%
REA Group [Member] \| Maximum [Member] \| Australian BBSY [Member]
Debt and Financial Instruments [Line Items]
Interest rate margin	1.45%

XML 65 R54.htm IDEA: XBRL DOCUMENT

Redeemable Preferred Stock - Additional Information (Detail) - Redeemable Preferred Stock [Member] - $ / shares		1 Months Ended
	Jun. 28, 2013	Jul. 31, 2018
Class of Stock [Line Items]
Preferred stock sold	4,000
Preferred stock, par value	$ 5,000
Preferred stock dividend rate	9.50%
Percentage of outstanding redeemable preferred stock		100.00%
Call Option [Member]
Class of Stock [Line Items]
Preferred stock redemption period	5 years
Put Option [Member]
Class of Stock [Line Items]
Preferred stock redemption period	10 years

XML 66 R55.htm IDEA: XBRL DOCUMENT

Equity - Summary of Changes in Equity (Detail) - USD ($) $ in Millions	3 Months Ended
	Sep. 30, 2018	Sep. 30, 2017
Equity [Abstract]
Balance, beginning of period	$ 9,291	$ 10,789
Cumulative impact of revenue standard adoption	10	0
Net income	101	68
Other comprehensive (loss) income	(75)	112
Dividends	(59)	(59)
Other	(7)	3
Balance, end of period	9,261	10,913
Balance, beginning of period	1,186	284
Cumulative impact of revenue standard adoption	10	0
Net income	27	19
Other comprehensive (loss) income	(28)	4
Dividends	(23)	(21)
Other	(3)	(3)
Balance, end of period	1,169	283
Balance, beginning of period	10,477	11,073
Cumulative impact of revenue standard adoption	20	0
Net income	128	87
Other comprehensive (loss) income	(103)	116
Dividends	(82)	(80)
Other	(10)	0
Balance, end of period	$ 10,430	$ 11,196

XML 67 R56.htm IDEA: XBRL DOCUMENT

Equity - Additional Information (Detail) - USD ($) $ / shares in Units, shares in Millions		1 Months Ended	3 Months Ended
	Nov. 02, 2018	Aug. 31, 2018	Sep. 30, 2018	Sep. 30, 2017	May 31, 2013
Class of Stock [Line Items]
Cash dividends declared per share of common stock			$ 0.10	$ 0.10
Cash dividends per common share, date of dividend payable		Oct. 17, 2018
Cash dividends per common share, date of record for dividend		Sep. 12, 2018
Subsequent Event [Member]
Class of Stock [Line Items]
Remaining authorized amount under stock repurchase program	$ 429,000,000
Class A Common Stock [Member]
Class of Stock [Line Items]
Aggregate amount of shares authorized to be repurchased					$ 500,000,000
Number of shares repurchased			0.0
Cash dividends declared per share of common stock		$ 0.10
Class A Common Stock [Member] \| Subsequent Event [Member]
Class of Stock [Line Items]
Number of shares repurchased	5.2
Aggregate cost of shares repurchased	$ 71,000,000
Class B Common Stock [Member]
Class of Stock [Line Items]
Cash dividends declared per share of common stock		$ 0.10

XML 68 R57.htm IDEA: XBRL DOCUMENT

Financial Instruments and Fair Value Measurements - Summary of Assets and Liabilities Measured At Fair Value on Recurring Basis (Detail) - USD ($)
$ in Millions

Sep. 30, 2018

Jun. 30, 2018

Assets:

^[1]

$ 226

$ 220

354

211

Foreign Currency Derivatives [Member] | Cash Flow Hedging [Member]

Assets:

Cross Currency Interest Rate Derivatives [Member] | Fair Value Hedging [Member]

Assets:

Cross Currency Interest Rate Derivatives [Member] | Not Designated as Hedging Instrument, Economic Hedge [Member]

Assets:

Cross Currency Interest Rate Derivatives [Member] | Cash Flow Hedging [Member]

Assets:

Cross currency interest rate derivatives - cash flow hedges

Foreign Exchange Contract [Member] | Cash Flow Hedging [Member]

Cross currency interest rate derivatives - cash flow hedges

Fair Value, Measurements, Recurring [Member] | Level 1 [Member]

Assets:

^[1]

111

111

Fair Value, Measurements, Recurring [Member] | Level 1 [Member] | Foreign Currency Derivatives [Member] | Cash Flow Hedging [Member]

Assets:

Fair Value, Measurements, Recurring [Member] | Level 1 [Member] | Cross Currency Interest Rate Derivatives [Member] | Fair Value Hedging [Member]

Assets:

Fair Value, Measurements, Recurring [Member] | Level 1 [Member] | Cross Currency Interest Rate Derivatives [Member] | Not Designated as Hedging Instrument, Economic Hedge [Member]

Assets:

Fair Value, Measurements, Recurring [Member] | Level 1 [Member] | Cross Currency Interest Rate Derivatives [Member] | Cash Flow Hedging [Member]

Assets:

Cross currency interest rate derivatives - cash flow hedges

Fair Value, Measurements, Recurring [Member] | Level 1 [Member] | Foreign Exchange Contract [Member] | Cash Flow Hedging [Member]

Cross currency interest rate derivatives - cash flow hedges

Fair Value, Measurements, Recurring [Member] | Level 2 [Member]

Assets:

^[1]

128

118

Fair Value, Measurements, Recurring [Member] | Level 2 [Member] | Foreign Currency Derivatives [Member] | Cash Flow Hedging [Member]

Assets:

Fair Value, Measurements, Recurring [Member] | Level 2 [Member] | Cross Currency Interest Rate Derivatives [Member] | Fair Value Hedging [Member]

Assets:

Fair Value, Measurements, Recurring [Member] | Level 2 [Member] | Cross Currency Interest Rate Derivatives [Member] | Not Designated as Hedging Instrument, Economic Hedge [Member]

Assets:

Fair Value, Measurements, Recurring [Member] | Level 2 [Member] | Cross Currency Interest Rate Derivatives [Member] | Cash Flow Hedging [Member]

Assets:

Cross currency interest rate derivatives - cash flow hedges

Fair Value, Measurements, Recurring [Member] | Level 2 [Member] | Foreign Exchange Contract [Member] | Cash Flow Hedging [Member]

Cross currency interest rate derivatives - cash flow hedges

Fair Value, Measurements, Recurring [Member] | Level 3 [Member]

Assets:

^[1]

115

115

Fair Value, Measurements, Recurring [Member] | Level 3 [Member] | Foreign Currency Derivatives [Member] | Cash Flow Hedging [Member]

Assets:

Fair Value, Measurements, Recurring [Member] | Level 3 [Member] | Cross Currency Interest Rate Derivatives [Member] | Fair Value Hedging [Member]

Assets:

Fair Value, Measurements, Recurring [Member] | Level 3 [Member] | Cross Currency Interest Rate Derivatives [Member] | Not Designated as Hedging Instrument, Economic Hedge [Member]

Assets:

Fair Value, Measurements, Recurring [Member] | Level 3 [Member] | Cross Currency Interest Rate Derivatives [Member] | Cash Flow Hedging [Member]

Assets:

Cross currency interest rate derivatives - cash flow hedges

Fair Value, Measurements, Recurring [Member] | Level 3 [Member] | Foreign Exchange Contract [Member] | Cash Flow Hedging [Member]

Cross currency interest rate derivatives - cash flow hedges

$ 0

[1]	See Note 5 -Investments.

XML 69 R58.htm IDEA: XBRL DOCUMENT

Financial Instruments and Fair Value Measurements - Summary of Equity Securities Classified as Level 3 (Detail) - Level 3 [Member] $ in Millions	3 Months Ended
	Sep. 30, 2018 USD ($)
Fair Value, Instruments Classified in Shareholders' Equity Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Balance - beginning of period	$ 127
Purchases	5
Sales	(10)
Foreign exchange and other	(7)
Balance - end of period	$ 115

XML 70 R59.htm IDEA: XBRL DOCUMENT

Financial Instruments and Fair Value Measurements - Summary of Mandatorily Redeemable Noncontrolling Interest Liabilities Classified Level 3 (Detail) - Financial Instruments Subject to Mandatory Redemption, Settlement Terms, Share Value [Member] - USD ($) $ in Millions	3 Months Ended
	Sep. 30, 2018	Sep. 30, 2017
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Balance - beginning of period	$ 12	$ 79
Additions	0	12
Accretion	0	2
Balance - end of period	$ 12	$ 93

XML 71 R60.htm IDEA: XBRL DOCUMENT

Financial Instruments and Fair Value Measurements - Summary of Hedges Classified as Current or Non-Current in Balance Sheets Based on Maturity Dates (Detail) - USD ($) $ in Millions	Sep. 30, 2018	Jun. 30, 2018
Foreign Currency Derivatives [Member] \| Cash Flow Hedging [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivatives, reported under other current assets	$ 4	$ 3
Cross Currency Interest Rate Derivatives [Member] \| Cash Flow Hedging [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivatives, reported under other current assets	30	0
Derivatives, reported under other non-current assets	61	76
Derivatives, reported under other current liabilities	(1)	0
Derivatives, reported under other non-current liabilities	(10)	(12)
Cross Currency Interest Rate Derivatives [Member] \| Fair Value Hedging [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivatives, reported under other current assets	7	0
Derivatives, reported under other non-current assets	15	29
Cross Currency Interest Rate Derivatives [Member] \| Not Designated as Hedging Instrument, Economic Hedge [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivatives, reported under other current assets	11	0
Derivatives, reported under other non-current assets	0	10
Interest Rate Contract [Member] \| Cash Flow Hedging [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivatives, reported under other current liabilities	(1)	0
Derivatives, reported under other non-current liabilities	$ (17)	$ (20)

XML 72 R61.htm IDEA: XBRL DOCUMENT

Financial Instruments and Fair Value Measurements - Additional Information (Detail) $ in Millions, $ in Millions	3 Months Ended
	Sep. 30, 2018 USD ($)	Sep. 30, 2018 AUD ($)	Sep. 30, 2017 USD ($)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total notional value of the fair value hedges	$ 72	$ 100
Cash Flow Hedging [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Notional value of foreign exchange contract derivatives designated for hedging	76
Notional value of interest rate swap derivatives designated as cash flow hedges	506	700
Derivatives designated as hedges	289	$ 400	$ 0
Amount recognized in earnings for ineffective portion of derivative instruments designated as cash flow hedges	0
Changes in fair value of derivative instruments from assessment of hedge effectiveness	0
Estimates of net derivative gains related to cash flow hedges included in Accumulated other comprehensive loss	$ 4
Estimated time period of net derivative gains related to cash flow hedges	12 months
Fair Value Hedging [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Amount recognized in earnings for ineffective portion of derivative instruments designated as cash flow hedges	$ 0
Changes in fair value of derivative instruments from assessment of hedge effectiveness	0
Adjustments decreased the carrying value of long-term debt	0
Not Designated as Hedging Instrument, Economic Hedge [Member] \| Foreign Exchange Contract [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Notional value of foreign exchange contract derivatives non-designated for hedging	$ 75

XML 73 R62.htm IDEA: XBRL DOCUMENT

Financial Instruments and Fair Value Measurements - Summary of Derivative Instruments Designated as Cash Flow Hedges (Detail) - Cash Flow Hedging [Member] - USD ($) $ in Millions	3 Months Ended
	Sep. 30, 2018	Sep. 30, 2017
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Gain (loss) recognized in Accumulated Other Comprehensive Income	$ 13	$ 0
Gain (loss) reclassified from Accumulated Other Comprehensive Income	(15)	0
Foreign Currency Derivatives [Member] \| Operating Expense [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Gain (loss) recognized in Accumulated Other Comprehensive Income	(2)	0
Gain (loss) reclassified from Accumulated Other Comprehensive Income	1	0
Cross Currency Interest Rate Derivatives [Member] \| Interest (Expense) Income, Net [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Gain (loss) recognized in Accumulated Other Comprehensive Income	14	0
Gain (loss) reclassified from Accumulated Other Comprehensive Income	(14)	0
Interest Rate Contract [Member] \| Interest (Expense) Income, Net [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Gain (loss) recognized in Accumulated Other Comprehensive Income	1	0
Gain (loss) reclassified from Accumulated Other Comprehensive Income	$ (2)	$ 0

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Earnings Per Share - Computation of Basic and Diluted Earnings (Loss) per Share (Detail) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended
	Sep. 30, 2018	Sep. 30, 2017
Earnings Per Share [Abstract]
Net income	$ 128	$ 87
Less: Net income attributable to noncontrolling interests	(27)	(19)
Net income available to News Corporation stockholders	$ 101	$ 68
Weighted-average number of shares of common stock outstanding - basic	583.9	582.3
Dilutive effect of equity awards	1.7	1.1
Weighted-average number of shares of common stock outstanding - diluted	585.6	583.4
Net income available to News Corporation stockholders per share - basic	$ 0.17	$ 0.12
Net income available to News Corporation stockholders per share - diluted	$ 0.17	$ 0.12

The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period.

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The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period.

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The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest.

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Segment Reporting, Asset Reconciling Item [Line Items]

XML 75 R64.htm IDEA: XBRL DOCUMENT

Commitments and Contingencies - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Jul. 01, 2018	Jun. 30, 2018
Loss Contingencies [Line Items]
Other current assets	$ 547		$ 368	$ 372
U.K. Newspaper Matters [Member]
Loss Contingencies [Line Items]
Selling, general and administrative expenses (benefit), net	2	$ (43)
Litigation liability accrued	47
Impact due to reversal of previous accrued liability due to settlement with tax authority		$ 46
U.K. Newspaper Matters Indemnification [Member] \| 21st Century Fox [Member]
Loss Contingencies [Line Items]
Other current assets	$ 47

XML 76 R65.htm IDEA: XBRL DOCUMENT

Income Taxes - Additional Information (Detail) - USD ($)	3 Months Ended		12 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Jun. 30, 2018
Income Tax Contingency [Line Items]
Income tax (expense) benefit	$ 50,000,000	$ 54,000,000
Income (loss) before income tax (expense) benefit	178,000,000	141,000,000
U.S. statutory federal tax rate			21.00%
Gross income tax paid	29,000,000	48,000,000
Income tax refunds	$ 10,000,000	$ 0
U.S. Tax Cuts and Jobs Act [Member]
Income Tax Contingency [Line Items]
Income tax (expense) benefit			$ 237,000,000

XML 77 R66.htm IDEA: XBRL DOCUMENT

Segment Information - Additional Information (Detail)	3 Months Ended
Segment Information - Additional Information (Detail)	Sep. 30, 2018 Item Brand Country Segment	Apr. 30, 2018
Segment Reporting Information [Line Items]
Number of reportable segments \| Segment	5
New Foxtel [Member]
Segment Reporting Information [Line Items]
Company ownership percentage		65.00%
New Foxtel [Member] \| Telstra [Member]
Segment Reporting Information [Line Items]
Ownership interest held by minority interest		35.00%
Digital Real Estate Services [Member] \| REA Group Inc [Member]
Segment Reporting Information [Line Items]
Company ownership percentage	61.60%
Digital Real Estate Services [Member] \| Move Inc [Member]
Segment Reporting Information [Line Items]
Company ownership percentage	80.00%
Digital Real Estate Services [Member] \| Move Inc [Member] \| REA Group Inc [Member]
Segment Reporting Information [Line Items]
Ownership interest held by minority interest	20.00%
Book Publishing [Member]
Segment Reporting Information [Line Items]
Number of countries \| Country	18
Book Publishing [Member] \| Minimum [Member]
Segment Reporting Information [Line Items]
Number of branded publishing imprints \| Brand	120
Subscription Video Services [Member] \| New Foxtel [Member]
Segment Reporting Information [Line Items]
Company ownership percentage	65.00%
Subscription Video Services [Member] \| New Foxtel [Member] \| Telstra [Member]
Segment Reporting Information [Line Items]
Ownership interest held by minority interest	35.00%
Subscription Video Services [Member] \| Minimum [Member] \| New Foxtel [Member]
Segment Reporting Information [Line Items]
Number of channels \| Item	200

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Segment Information - Reconciliation of Revenue and Segment EBITDA from Segments to Consolidated (Detail) - USD ($) $ in Millions	3 Months Ended
	Sep. 30, 2018	Sep. 30, 2017
Segment Reporting Information [Line Items]
Revenues	$ 2,524	$ 2,058
Depreciation and amortization	(163)	(97)
Impairment and restructuring charges	(18)	(15)
Equity losses of affiliates	(3)	(10)
Interest (expense) income, net	(16)	6
Other, net	20	9
Income before income tax expense	178	141
Income tax expense	(50)	(54)
Net income	128	87
News and Information Services [Member]
Segment Reporting Information [Line Items]
Revenues	1,248	1,241
Total Segment EBITDA	116	74
Subscription Video Services [Member]
Segment Reporting Information [Line Items]
Revenues	565	145
Total Segment EBITDA	113	27
Book Publishing [Member]
Segment Reporting Information [Line Items]
Revenues	418	401
Total Segment EBITDA	68	48
Digital Real Estate Services [Member]
Segment Reporting Information [Line Items]
Revenues	293	271
Total Segment EBITDA	105	95
Other [Member]
Segment Reporting Information [Line Items]
Revenues	0	0
Total Segment EBITDA	$ (44)	$ 4

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Segment Information - Reconciliation of Assets from Segments to Consolidated (Detail) - USD ($)
$ in Millions

Sep. 30, 2018

Jun. 30, 2018

Investments

$ 390

$ 393

News and Information Services [Member]

16,288

16,346

Segment Reporting, Asset Reconciling Item [Line Items]

Subscription Video Services [Member]

5,928

6,039

Segment Reporting, Asset Reconciling Item [Line Items]

Segment Reporting, Asset Reconciling Item [Line Items]

4,671

4,738

Book Publishing [Member]

Digital Real Estate Services [Member]

2,059

1,898

Segment Reporting, Asset Reconciling Item [Line Items]

Segment Reporting, Asset Reconciling Item [Line Items]

2,219

2,171

Other [Member]