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Borrowings - Schedule of Borrowings (Detail)
$ in Millions, $ in Millions
3 Months Ended
Sep. 30, 2020
USD ($)
Sep. 30, 2020
AUD ($)
Jun. 30, 2020
USD ($)
Debt and Financial Instruments [Line Items]      
Finance lease and other liabilities $ 115   $ 118
Total borrowings [1] 1,284   1,259
Less: current portion [2] (78)   (76)
Long-term borrowings 1,206   1,183
Finance lease liabilities, current $ 28    
Credit facility 2019 | Australian BBSY | Minimum | Foxtel      
Debt and Financial Instruments [Line Items]      
Interest rate margin 2.00%    
Credit facility 2019 | Australian BBSY | Maximum | Foxtel      
Debt and Financial Instruments [Line Items]      
Interest rate margin 3.75%    
Credit facility 2019 | Foxtel      
Debt and Financial Instruments [Line Items]      
Total borrowings [3],[4] $ 383   371
Interest rate [3],[4] 3.15% 3.15%  
Credit facility 2019 | REA Group      
Debt and Financial Instruments [Line Items]      
Total borrowings [5] $ 120   117
Interest rate [5] 0.99% 0.99%  
Credit facility 2019 | REA Group | Australian BBSY | Minimum | Unsecured Revolving Credit Facility      
Debt and Financial Instruments [Line Items]      
Interest rate margin 0.85%    
Credit facility 2019 | REA Group | Australian BBSY | Maximum | Unsecured Revolving Credit Facility      
Debt and Financial Instruments [Line Items]      
Interest rate margin 2.00%    
Term loan facility 2019 | Foxtel      
Debt and Financial Instruments [Line Items]      
Total borrowings [6] $ 176   171
Interest rate [6] 6.25% 6.25%  
Working Capital Facility 2017 | Foxtel      
Debt and Financial Instruments [Line Items]      
Debt instrument unused borrowing capacity   $ 95  
Debt instrument unused borrowing capacity percentage fee 45.00%    
Working Capital Facility 2017 | Foxtel      
Debt and Financial Instruments [Line Items]      
Total borrowings [3],[4] $ 0   0
Interest rate [3],[4] 3.15% 3.15%  
Telstra Facility | Foxtel      
Debt and Financial Instruments [Line Items]      
Total borrowings [7] $ 22   11
Interest rate [7] 7.90% 7.90%  
Telstra Facility | Foxtel | Australian BBSY      
Debt and Financial Instruments [Line Items]      
Interest rate margin 7.75%    
US Private Placement 2012 - USD Portion -Tranche 2 | Foxtel      
Debt and Financial Instruments [Line Items]      
Total borrowings [8] $ 197   200
Interest rate [8] 4.27% 4.27%  
US Private Placement 2012 - USD Portion -Tranche 3 | Foxtel      
Debt and Financial Instruments [Line Items]      
Total borrowings [8] $ 148   150
Interest rate [8] 4.42% 4.42%  
US Private Placement 2012 - AUD Portion | Foxtel      
Debt and Financial Instruments [Line Items]      
Total borrowings $ 74   73
Interest rate 7.04% 7.04%  
Credit Facility 2018 | REA Group      
Debt and Financial Instruments [Line Items]      
Total borrowings [9] $ 49   48
Interest rate [9] 0.99% 0.99%  
Credit Facility 2018 | REA Group | Australian BBSY | Minimum      
Debt and Financial Instruments [Line Items]      
Interest rate margin 0.85%    
Credit Facility 2018 | REA Group | Australian BBSY | Maximum      
Debt and Financial Instruments [Line Items]      
Interest rate margin 2.75%    
Credit Facility 2020 | REA Group      
Debt and Financial Instruments [Line Items]      
Total borrowings [10] $ 0   $ 0
Interest rate [10] 2.14% 2.14%  
Credit Facility 2020 | REA Group | Australian BBSY | Minimum      
Debt and Financial Instruments [Line Items]      
Interest rate margin 2.00%    
Credit Facility 2020 | REA Group | Australian BBSY | Maximum      
Debt and Financial Instruments [Line Items]      
Interest rate margin 2.75%    
[1] 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.
[2] 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.
[3] 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.
[4] 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.
[5] 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.
[6] Borrowings under this facility bear interest at a fixed rate of 6.25% per annum.
[7] 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.
[8] 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.
[9] 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.
[10] 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.