
	For the three months ended December 31, 2019
														Accumulated
	Class A				Class B				Additional					Other			Total
	Common Stock				Common Stock				Paid-in		Accumulated			Comprehensive			News Corp			Non-controlling			Total
	Shares		Amount		Shares		Amount		Capital		Deficit			Loss			Equity			Interests			Equity
	(in millions)
Balance, September 30, 2019		388	$	4		200	$	2	$	12,174	$	(2,200	)	$	(1,266	)	$	8,714		$	1,115		$	9,829
Net income		—		—		—		—		—		85			—			85			18			103
Other comprehensive income		—		—		—		—		—		—			150			150			36			186
Dividends		—		—		—		—		—		—			—			—			—			—
Other		1		—		—		—		9		1			(1	)		9			—			9
Balance, December 31, 2019		389	$	4		200	$	2	$	12,183	$	(2,114	)	$	(1,117	)	$	8,958		$	1,169		$	10,127

	For the three months ended December 31, 2018
														Accumulated
	Class A				Class B				Additional					Other			Total
	Common Stock				Common Stock				Paid-in		Accumulated			Comprehensive			News Corp			Non-controlling			Total
	Shares		Amount		Shares		Amount		Capital		Deficit			Loss			Equity			Interests			Equity
	(in millions)
Balance, September 30, 2018		385	$	4		200	$	2	$	12,257	$	(2,032	)	$	(970	)	$	9,261		$	1,169		$	10,430
Net income		—		—		—		—		—		95			—			95			24			119
Other comprehensive loss		—		—		—		—		—		—			(106	)		(106	)		(28	)		(134	)
Dividends		—		—		—		—		—		—			—			—			—			—
Other		—		—		—		—		14		—			—			14			5			19
Balance, December 31, 2018		385	$	4		200	$	2	$	12,271	$	(1,937	)	$	(1,076	)	$	9,264		$	1,170		$	10,434


	For the six months ended December 31, 2019
															Accumulated
	Class A				Class B				Additional						Other			Total
	Common Stock				Common Stock				Paid-in			Accumulated			Comprehensive			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		—		—		—		—		—			(142	)		—			(142	)		34			(108	)
Other comprehensive income ( loss )		—		—		—		—		—			—			7			7			(9	)		(2	)
Dividends		—		—		—		—		(59	)		—			—			(59	)		(22	)		(81	)
Other		3		—		—		—		(1	)		1			(1	)		(1	)		(1	)		(2	)

Balance, December 31, 2019		389	$	4		200	$	2	$	12,183		$	(2,114	)	$	(1,117	)	$	8,958		$	1,169		$	10,127


	For the six months ended December 31, 2018
															Accumulated
	Class A				Class B				Additional						Other			Total
	Common Stock				Common Stock				Paid-in			Accumulated			Comprehensive			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 from adoption of new standards		—		—		—		—		—			32			(22	)		10			10			20
Net income		—		—		—		—		—			196			—			196			51			247
Other comprehensive loss		—		—		—		—		—			—			(181	)		(181	)		(56	)		(237	)
Dividends		—		—		—		—		(59	)		—			—			(59	)		(23	)		(82	)
Other		2		—		—		—		8			(2	)		1			7			2			9

Balance, December 31, 2018		385	$	4		200	$	2	$	12,271		$	(1,937	)	$	(1,076	)	$	9,264		$	1,170		$	10,434

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 six months ended December 31, 2019 and 2018. Through January 31, 2020, 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 January 31, 2020 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 six months ended December 31, 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.