Equity

6 Months Ended

Dec. 31, 2020

Stockholders' Equity Note [Abstract]

Equity

NOTE 7 . EQUITY

The following tables summarize changes in equity for the three and six months ended December 31, 2020 and 2019:

	For the three months ended December 31, 2020
	Class A Common Stock			Class B Common Stock			Additional Paid-in Capital		Accumulated Deficit		Accumulated Other Comprehensive Loss		Total News Corp Equity		Non-controlling Interests		Total Equity
	Shares	Amount		Shares	Amount
	(in millions)
Balance, September 30, 2020	391	$	4	200	$	2	$	12,075	$	(3,207)	$	(1,235)	$	7,639	$	815	$	8,454
Net income	—	—		—	—		—		231		—		231		30		261
Other comprehensive income	—	—		—	—		—		—		245		245		63		308
Dividends	—	—		—	—		—		—		—		—		(1)		(1)
Other	—	—		—	—		16		—		—		16		36		52
Balance, December 31, 2020	391	$	4	200	$	2	$	12,091	$	(2,976)	$	(990)	$	8,131	$	943	$	9,074

	For the three months ended December 31, 2019
	Class A Common Stock			Class B Common Stock			Additional Paid-in Capital		Accumulated Deficit		Accumulated Other Comprehensive Loss		Total News Corp Equity		Non-controlling Interests		Total Equity
	Shares	Amount		Shares	Amount
	(in millions)
Balance, September 30, 2019	388	$	4	200	$	2	$	12,174	$	(2,200)	$	(1,266)	$	8,714	$	1,115	$	9,829
Net income	—	—		—	—		—		85		—		85		18		103
Other comprehensive income	—	—		—	—		—		—		150		150		36		186
Other	1	—		—	—		9		1		(1)		9		—		9
Balance, December 31, 2019	389	$	4	200	$	2	$	12,183	$	(2,114)	$	(1,117)	$	8,958	$	1,169	$	10,127

	For the six months ended December 31, 2020
	Class A Common Stock			Class B Common Stock			Additional Paid-in Capital		Accumulated Deficit		Accumulated Other Comprehensive Loss		Total News Corp Equity		Non-controlling Interests		Total Equity
	Shares	Amount		Shares	Amount
	(in millions)
Balance, June 30, 2020	389	$	4	200	$	2	$	12,148	$	(3,241)	$	(1,331)	$	7,582	$	807	$	8,389
Net income	—	—		—	—		—		265		—		265		43		308
Other comprehensive income	—	—		—	—		—		—		341		341		80		421
Dividends	—	—		—	—		(59)		—		—		(59)		(21)		(80)
Other	2	—		—	—		2		—		—		2		34		36
Balance, December 31, 2020	391	$	4	200	$	2	$	12,091	$	(2,976)	$	(990)	$	8,131	$	943	$	9,074

	For the six months ended December 31, 2019
	Class A Common Stock			Class B Common Stock			Additional Paid-in Capital		Accumulated Deficit		Accumulated Other Comprehensive Loss		Total News Corp Equity		Non-controlling Interests		Total Equity
	Shares	Amount		Shares	Amount
	(in millions)
Balance, June 30, 2019	386	$	4	200	$	2	$	12,243	$	(1,979)	$	(1,126)	$	9,144	$	1,167	$	10,311
Cumulative impact from adoption of new standards	—	—		—	—		—		6		3		9		—		9
Net (loss) income	—	—		—	—		—		(142)		—		(142)		34		(108)
Other comprehensive income (loss)	—	—		—	—		—		—		7		7		(9)		(2)
Dividends	—	—		—	—		(59)		—		—		(59)		(22)		(81)
Other	3	—		—	—		(1)		1		(1)		(1)		(1)		(2)
Balance, December 31, 2019	389	$	4	200	$	2	$	12,183	$	(2,114)	$	(1,117)	$	8,958	$	1,169	$	10,127

Stock Repurchases

The Company did not purchase any of its Class A Common Stock or Class B Common Stock during the six months ended December 31, 2020 and 2019.

Dividends

In August 2020, the Company’s Board of Directors (the “Board of Directors”) declared a semi-annual cash dividend of $0.10 per share for Class A Common Stock and Class B Common Stock. This dividend was paid on October 14, 2020 to stockholders of record as of September 16, 2020. The timing, declaration, amount and payment of future dividends to stockholders, if any, is within the discretion of the Board of Directors. The Board of Directors’ decisions regarding the payment of future dividends will depend on many factors, including the Company’s financial condition, earnings, capital requirements and debt facility covenants, other contractual restrictions, as well as legal requirements, regulatory constraints, industry practice, market volatility and other factors that the Board of Directors deems relevant.