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Equity
 3 Months Ended
Sep. 30, 2019
Stockholders' Equity Note [Abstract]  
Equity
NOTE
7
. EQUITY
The following tables summarize changes in equity for the three months ended September 30, 2019 and 2018:
 
                                                                                 
 
For the three months ended September 30, 2019
 
 
Class A
Common Stock
   
Class B
Common Stock
   
Additional
Paid-in
   
Accumulated
   
Accumulated
Other
Comprehensive
   
Total
News
 
Corp
   
Non-
controlling
   
Total
 
 
Shares
   
Amount
   
Shares
   
Amount
   
Capital
   
Deficit
 
 
 
 
 
 
Loss
   
Equity
   
Interests
   
Equity
 
 
(in millions)
 
Balance, June 30, 2019
   
386
    $
4
     
200
    $
2
    $
12,243
    $
(1,979
 )   $
(1,126
 )   $
9,144
    $
1,167
    $
10,311
 
Cumulative
impact 
from

adoption of new
standards
    
—
     
—
     
—
      
—
     
—
     
6
     
3
      
9
     
—
     
9
 
Net
(loss) 
income
   
—
     
—
     
—
      
—
     
—
     
(227
)    
—
     
(227
)    
16
     
(211
)
Other
comprehensive
loss
    
—
     
—
     
—
      
—
     
—
     
—
     
(143
)    
(143
)    
(45
)    
(188
)
Dividends
   
—
      
—
     
—
      
—
     
(59
 )    
—
     
—
     
(59
 )    
(22
 )    
(81
 )
Other
   
2
     
—
     
—
     
—
     
(10
)
    
—
     
—
     
(10
)    
(1
 )    
(11
)
                                                                                 
Balance, September 30,
2019
    
388
    $
4
     
200
    $
2
    $
12,174
    $
(2,200
 )   $
(1,266
 )   $
8,714
   
 
 
 $
1,115
   
 
 
 $
9,829
 
       
 
For the three months ended September 30, 2018
 
 
Class A
Common Stock
   
Class B
Common Stock
   
Additional
Paid-in
   
Accumulated
   
Accumulated
Other
Comprehensive
   
Total
News
 
Corp
   
Non
controlling
   
Total
 
 
Shares
   
Amount
   
Shares
   
Amount
   
Capital
   
Deficit
 
 
 
 
 
 
Loss
   
Equity
   
Interests
   
Equity
 
 
(in millions)
 
Balance, June 30, 2018
   
383
    $
4
     
200
    $
2
    $
12,322
    $
(2,163
 )   $
(874
 )   $
9,291
    $
1,186
    $
10,477
 
Cumulative
impact f
rom

adoption of new
standards
    
     
     
     
     
     
32
     
(22
)
    
10
     
10
     
20
 
Net
 
income
   
—
     
—
     
—
     
—
     
—
     
101
     
—
     
101
     
27
     
128
 
Other comprehensive loss
    
—
     
—
     
—
      
—
     
—
     
—
     
(75
 )    
(75
 )    
(28
 )    
(103
 )
Dividends
   
—
     
—
     
—
      
—
     
(59
)
    
—
     
—
     
(59
 )    
(23
 )    
(82
 )
Other
   
2
     
—
     
—
     
—
     
(6
 )    
(2
)    
1
     
(7
 )    
(3
 )    
(10
 )
                                                                                 
Balance, September 30, 2018
   
385
    $
4
     
200
    $
2
    $
12,257
    $
(2,032
 )   $
(970
 )   $
9,261
   
 
 
 $
1,169
    $
10,430
 
                                                                                 
 
 
 
 
 
 
 
 
 
Stock Repurchases
In May 2013, the Company’s Board of Directors (the “Board of Directors”) authorized the Company to repurchase up to an aggregate of $500 million of its Class A Common Stock. No stock repurchases were made during the three months ended September 30, 2019 and 2018. Through November 1, 2019, the Company cumulatively repurchased approximately 5.2 million shares of Class A Common Stock for an aggregate cost of approximately $71 million. The remaining authorized amount under the stock repurchase program as of November 1, 2019 was approximately $429 million. All decisions regarding any future stock repurchases are at the sole discretion of a duly appointed committee of the Board of Directors and management. The committee’s decisions regarding future stock repurchases will be evaluated from time to time in light of many factors, including the Company’s financial condition, earnings, capital requirements and debt facility covenants, other contractual restrictions, as well as legal requirements, regulatory constraints, industry practice, market volatility and other factors that the committee may deem relevant. The stock repurchase authorization may be modified, extended, suspended or discontinued at any time by the Board of Directors and the Board of Directors cannot provide any assurances that any additional shares will be repurchased.
The Company did not purchase any of its Class B Common Stock during the three months ended September 30, 2019 and 2018
.
Dividends
In August 2019, the Board of Directors declared a semi-annual cash dividend of $0.10 per share for Class A Common Stock and Class B Common Stock. This dividend was paid on October 16, 2019 to stockholders of record at the close on business on September 11, 2019.
In August 2018, the Board of Directors declared a semi-annual cash dividend of $0.10 per share for Class A Common Stock and Class B Common Stock. This dividend was paid on October 17, 2018 to stockholders of record at the close of business on September 12, 2018.
 
The timing, declaration, amount and payment of future dividends to stockholders, if any, is within the discretion of the Board of Directors. The Board of Directors’ decisions regarding the payment of future dividends will depend on many factors, including the Company’s financial condition, earnings, capital requirements and debt facility covenants, other contractual restrictions, as well as legal requirements, regulatory constraints, industry practice, market volatility and other factors that the Board of Directors deems relevant.