Equity

9 Months Ended

Mar. 31, 2021

Stockholders' Equity Note [Abstract]

EQUITY

The following tables summarize changes in equity for the three and nine months ended March 31, 2021 and 2020:


	For the three months ended March 31, 2021
	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, December 31, 2020	391	$	4	200	$	2	$	12,091	$	(2,976)	$	(990)	$	8,131	$	943	$	9,074

Net income	—	—		—	—		—		79		—		79		17		96
Other comprehensive income	—	—		—	—		—		—		25		25		4		29
Dividends	—	—		—	—		(59)		—		—		(59)		(24)		(83)
Other	—	—		—	—		12		—		—		12		1		13
Balance, March 31, 2021	391	$	4	200	$	2	$	12,044	$	(2,897)	$	(965)	$	8,188	$	941	$	9,129


	For the three months ended March 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, December 31, 2019	389	$	4	200	$	2	$	12,183	$	(2,114)	$	(1,117)	$	8,958	$	1,169	$	10,127

Net loss	—	—		—	—		—		(730)		—		(730)		(306)		(1,036)
Other comprehensive loss	—	—		—	—		—		—		(351)		(351)		(109)		(460)
Dividends	—	—		—	—		(59)		—		—		(59)		(19)		(78)
Other	—	—		—	—		13		(1)		2		14		1		15
Balance, March 31, 2020	389	$	4	200	$	2	$	12,137	$	(2,845)	$	(1,466)	$	7,832	$	736	$	8,568


	For the nine months ended March 31, 2021
	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	—	—		—	—		—		344		—		344		60		404
Other comprehensive income	—	—		—	—		—		—		366		366		84		450
Dividends	—	—		—	—		(118)		—		—		(118)		(45)		(163)
Other	2	—		—	—		14		—		—		14		35		49
Balance, March 31, 2021	391	$	4	200	$	2	$	12,044	$	(2,897)	$	(965)	$	8,188	$	941	$	9,129


	For the nine months ended March 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, 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	—	—		—	—		—		(872)		—		(872)		(272)		(1,144)
Other comprehensive loss	—	—		—	—		—		—		(344)		(344)		(118)		(462)
Dividends	—	—		—	—		(118)		—		—		(118)		(41)		(159)
Other	3	—		—	—		12		—		1		13		—		13
Balance, March 31, 2020	389	$	4	200	$	2	$	12,137	$	(2,845)	$	(1,466)	$	7,832	$	736	$	8,568

Stock Repurchases

The Company did not purchase any of its Class A Common Stock or Class B Common Stock during the nine months ended March 31, 2021 and 2020.

Dividends

In February 2021, 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 April 14, 2021 to stockholders of record as of March 17, 2021. 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.