Earnings (Loss) Per Share (Tables)

6 Months Ended

Dec. 31, 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 December 31,				For the six months ended December 31,
	2020		2019		2020		2019
	(in millions, except per share amounts)
Net income (loss)	$	261	$	103	$	308	$	(108)
Less: Net income attributable to noncontrolling interests	(30)		(18)		(43)		(34)
Net income (loss) attributable to News Corporation stockholders	$	231	$	85	$	265	$	(142)
Weighted-average number of shares of common stock outstanding - basic	590.7		588.2		590.1		587.4
Dilutive effect of equity awards(a)	1.9		2.1		1.6		—
Weighted-average number of shares of common stock outstanding - diluted	592.6		590.3		591.7		587.4
Net income (loss) attributable to News Corporation stockholders per share - basic	$	0.39	$	0.15	$	0.45	$	(0.24)
Net income (loss) attributable to News Corporation stockholders per share - diluted	$	0.39	$	0.14	$	0.45	$	(0.24)

(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 six months ended December 31, 2019 because their inclusion would have an antidilutive effect on the net loss per share.