Consolidated Balance Sheets - USD ($) $ in Millions		Mar. 31, 2021	Jun. 30, 2020
Current assets:
Cash and cash equivalents		$ 1,974	$ 1,517
Receivables, net		1,335	1,203
Inventory, net		246	348
Other current assets		388	393
Total current assets		3,943	3,461
Non-current assets:
Investments		391	297
Property, plant and equipment, net		2,261	2,256
Operating lease right-of-use assets		1,062	1,061
Intangible assets, net		1,915	1,864
Goodwill		4,304	3,951
Deferred income tax assets		302	332
Other non-current assets		1,219	1,039
Total assets		15,397	14,261
Current liabilities:
Accounts payable		336	351
Accrued expenses		1,249	1,019
Deferred revenue		449	398
Current borrowings	[1]	212	76
Other current liabilities		923	838
Total current liabilities		3,169	2,682
Non-current liabilities:
Borrowings		1,000	1,183
Retirement benefit obligations		251	277
Deferred income tax liabilities		334	258
Operating lease liabilities		1,146	1,146
Other non-current liabilities		368	326
Commitments and contingencies
Additional paid-in capital		12,044	12,148
Accumulated deficit		(2,897)	(3,241)
Accumulated other comprehensive loss		(965)	(1,331)
Total News Corporation stockholders’ equity		8,188	7,582
Noncontrolling interests		941	807
Total equity		9,129	8,389
Total liabilities and equity		15,397	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.” $29 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, 391,154,191 and 388,922,752 shares issued and outstanding, net of 27,368,413 treasury shares at par at March 31, 2021 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 March 31, 2021 and June 30, 2020, respectively.