Earnings (Loss) Per Share (Tables)

3 Months Ended

Sep. 30, 2020

Computation of Basic and Diluted Earnings 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 three months ended September 30,
		2020		2019
		(in millions, except per share amounts)
Net income (loss)		$	47	$	(211)
Less: Net income attributable to noncontrolling interests		(13)		(16)
Net income (loss) attributable to News Corporation stockholders		$	34	$	(227)
Weighted-average number of shares of common stock outstanding - basic		589.5		586.7
Dilutive effect of equity awards(a)		1.3		—
Weighted-average number of shares of common stock outstanding - diluted		590.8		586.7
Net income (loss) attributable to News Corporation stockholders per share - basic and diluted		$	0.06	$	(0.39)

(a)The dilutive impact of the Company’s performance stock units, restricted stock units and stock options has been excluded from the calculation of diluted loss per share for the three months ended September 30, 2019 because their inclusion would have an antidilutive effect on the net loss per share.