Consolidated Balance Sheets - USD ($) $ in Millions		Sep. 30, 2020	Jun. 30, 2020
Current assets:
Cash and cash equivalents		$ 1,539	$ 1,517
Receivables, net		1,240	1,203
Inventory, net		203	348
Other current assets		453	393
Total current assets		3,435	3,461
Non-current assets:
Investments		314	297
Property, plant and equipment, net		2,225	2,256
Operating lease right-of-use assets		1,048	1,061
Intangible assets, net		1,869	1,864
Goodwill		3,997	3,951
Deferred income tax assets		337	332
Other non-current assets		1,175	1,039
Total assets		14,400	14,261
Current liabilities:
Accounts payable		322	351
Accrued expenses		1,060	1,019
Deferred revenue		409	398
Current borrowings	[1]	78	76
Other current liabilities		869	838
Total current liabilities		2,738	2,682
Non-current liabilities:
Borrowings		1,206	1,183
Retirement benefit obligations		260	277
Deferred income tax liabilities		263	258
Operating lease liabilities		1,135	1,146
Other non-current liabilities		344	326
Commitments and contingencies
Additional paid-in capital		12,075	12,148
Accumulated deficit		(3,207)	(3,241)
Accumulated other comprehensive loss		(1,235)	(1,331)
Total News Corporation stockholders’ equity		7,639	7,582
Noncontrolling interests		815	807
Total equity		8,454	8,389
Total liabilities and equity		14,400	14,261
Class A Common Stock
Non-current liabilities:
Common stock	[2]	4	4
Class B Common Stock
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.” $28 million relates to the current portion of finance lease liabilities.

[2] Class A common stock, $0.01 par value per share (“Class A Common Stock”), 1,500,000,000 shares authorized, 390,954,837 and 388,922,752 shares issued and outstanding, net of 27,368,413 treasury shares at par at September 30, 2020 and June 30, 2020, 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 September 30, 2020 and June 30, 2020, respectively.