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Borrowings (Tables)
 3 Months Ended
Sep. 30, 2020
Debt Disclosure [Abstract]  
Schedule of Borrowings
The Company’s total borrowings consist of the following:
Interest rate at September 30, 2020Maturity at September 30, 2020As of
September 30, 2020		As of
June 30, 2020
(in millions)
Foxtel Group
Credit facility 2019(a) (c)
3.15 %Nov 22, 2022$383 $371 
Term loan facility 2019(b)
6.25 %Nov 22, 2024176 171 
Working capital facility 2017(a) (c)
3.15 %Nov 22, 2022— — 
Telstra Facility(d)
7.90 %Dec 22, 202722 11 
US private placement 2012 — USD portion — tranche 2(e)
4.27 %Jul 25, 2022197 200 
US private placement 2012 — USD portion — tranche 3(e)
4.42 %Jul 25, 2024148 150 
US private placement 2012 — AUD portion
7.04 %Jul 25, 202274 73 
REA Group
Credit facility 2018(f)
0.99 %Apr 27, 202149 48 
Credit facility 2019(g)
0.99 %Dec 2, 2021120 117 
Credit facility 2020(h)
2.14 %Dec 2, 2021— — 
Finance lease and other liabilities115 118 
Total borrowings(i)
1,284 1,259 
Less: current portion(j)
(78)(76)
Long-term borrowings
$1,206 $1,183 
(a)Borrowings under these facilities bear interest at a floating rate of the Australian BBSY plus an applicable margin of between 2.00% and 3.75% per annum depending on the Foxtel Debt Group’s (defined below) net leverage ratio.
(b)Borrowings under this facility bear interest at a fixed rate of 6.25% per annum.
(c)As of September 30, 2020, the Foxtel Debt Group had undrawn commitments of A$95 million under these facilities for which it pays a commitment fee of 45% of the applicable margin.
(d)Borrowings under this facility bear interest at a variable rate of Australian BBSY plus a margin of 7.75%. The Company excludes borrowings under this facility from the Statements of Cash Flows as they are non-cash.
(e)The carrying values of the borrowings include any fair value adjustments related to the Company’s fair value hedges. See Note 7—Financial Instruments and Fair Value Measurements.
(f)Borrowings under this facility bear interest at a floating rate of the Australian BBSY plus a margin of between 0.85% and 2.75% depending on REA Group’s net leverage ratio.
(g)Borrowings under this facility bear interest at a floating rate of the Australian BBSY plus a margin of between 0.85% and 2.00% depending on REA Group’s net leverage ratio.
(h)Borrowings under this facility bear interest at a floating rate of the Australian BBSY plus a margin of 2.00% or 2.75% depending on REA Group’s net leverage ratio.
(i)The Company’s outstanding borrowings as of September 30, 2020 were incurred by certain subsidiaries of NXE Australia Pty Limited (“Foxtel” and together with such subsidiaries, the “Foxtel Debt Group”) and by REA Group and certain of its subsidiaries. Foxtel and REA Group are consolidated but non wholly-owned subsidiaries of News Corp. These borrowings are only guaranteed by Foxtel and REA Group and certain of their respective subsidiaries, as applicable, and are non-recourse to News Corp.
(j)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.” $28 million relates to the current portion of finance lease liabilities.