Earnings (Loss) Per Share (Tables)

3 Months Ended

Sep. 30, 2021

Earnings Per Share [Abstract]

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 September 30,
	2021		2020
	(in millions, except per share amounts)
Net income	$	267	$	47
Less: Net income attributable to noncontrolling interests	(71)		(13)
Net income attributable to News Corporation stockholders	$	196	$	34
Weighted-average number of shares of common stock outstanding - basic	591.7		589.5
Dilutive effect of equity awards	2.7		1.3
Weighted-average number of shares of common stock outstanding - diluted	594.4		590.8
Net income attributable to News Corporation stockholders per share - basic and diluted	$	0.33	$	0.06