Consolidated Balance Sheets - USD ($) $ in Millions		Dec. 31, 2019		Jun. 30, 2019
Current assets:
Cash and cash equivalents		$ 1,272		$ 1,643
Receivables, net		1,570		1,544
Inventory, net		358		348
Other current assets		518		515
Total current assets		3,718		4,050
Non-current assets:
Investments		325		335
Property, plant and equipment, net		2,476		2,554
Operating lease right-of-use assets		1,299		0
Intangible assets, net		2,257		2,426
Goodwill		4,976		5,147
Deferred income tax assets		283		269
Other non-current assets		948		930
Total assets		16,282		15,711
Current liabilities:
Accounts payable		375		411
Accrued expenses		1,072		1,328
Deferred revenue		411		428
Current borrowings		0	[1]	449
Other current liabilities		869		724
Total current liabilities		2,727		3,340
Non-current liabilities:
Borrowings		1,201		1,004
Retirement benefit obligations		258		266
Deferred income tax liabilities		268		295
Operating lease liabilities		1,343		0
Other non-current liabilities		358		495
Commitments and contingencies
Additional paid-in capital		12,183		12,243
Accumulated deficit		(2,114)		(1,979)
Accumulated other comprehensive loss		(1,117)		(1,126)
Total News Corporation stockholders' equity		8,958		9,144
Noncontrolling interests		1,169		1,167
Total equity		10,127		10,311
Total liabilities and equity		16,282		15,711
Class A Common Stock [Member]
Non-current liabilities:
Common stock	[2]	4		4
Class B Common Stock [Member]
Non-current liabilities:
Common stock	[3]	$ 2		$ 2

[1] 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.”

[2] Class A common stock, $0.01 par value per share (“Class A Common Stock”), 1,500,000,000 shares authorized, 388,601,457 and 385,580,015 shares issued and outstanding, net of 27,368,413 treasury shares at par at December 31, 2019 and June 30, 2019, respectively.

[3] 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 December 31, 2019 and June 30, 2019, respectively