Earnings (Loss) Per Share (Tables)

12 Months Ended

Jun. 30, 2019

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 fiscal years ended June 30,
	2019			2018			2017
	(in millions, except per share amounts)
Net income (loss)	$	228		$	(1,444	)	$	(643	)
Less: Net income attributable to noncontrolling interests		(73	)		(70	)		(95	)
Less: Redeemable preferred stock dividends(a)		—			(2	)		(2	)
Net income (loss) available to News Corporation stockholders	$	155		$	(1,516	)	$	(740	)
Weighted-average number of shares of common stock outstanding—basic		584.7			582.7			581.4
Dilutive effect of equity awards(b)		3.2			—			—
Weighted-average number of shares of common stock outstanding—diluted		587.9			582.7			581.4
Net income (loss) available to News Corporation stockholders per share—basic	$	0.27		$	(2.60	)	$	(1.27	)
Net income (loss) available to News Corporation stockholders per share—diluted	$	0.26		$	(2.60	)	$	(1.27	)

(a) Refer to Note 10—Redeemable Preferred Stock.

(b) The dilutive impact of the Company’s PSUs, RSUs and stock options has been excluded from the calculation of diluted loss per share for the fiscal years ended June 30, 2018 and 2017 because their inclusion would have an antidilutive effect on the net loss per share.