Consolidated Balance Sheets - USD ($) $ in Millions		Sep. 30, 2021	Jun. 30, 2021
Current assets:
Cash and cash equivalents		$ 2,100	$ 2,236
Receivables, net		1,499	1,498
Inventory, net		308	253
Other current assets		465	469
Total current assets		4,372	4,456
Non-current assets:
Investments		499	351
Property, plant and equipment, net		2,162	2,272
Operating lease right-of-use assets		1,008	1,035
Intangible assets, net		2,106	2,179
Goodwill		4,568	4,653
Deferred income tax assets		345	378
Other non-current assets		1,358	1,447
Total assets		16,418	16,771
Current liabilities:
Accounts payable		309	321
Accrued expenses		1,173	1,339
Deferred revenue		467	473
Current borrowings	[1]	300	28
Other current liabilities		1,023	1,073
Total current liabilities		3,272	3,234
Non-current liabilities:
Borrowings		1,964	2,285
Retirement benefit obligations		208	211
Deferred income tax liabilities		249	260
Operating lease liabilities		1,079	1,116
Other non-current liabilities		498	519
Commitments and contingencies
Additional paid-in capital		11,980	12,057
Accumulated deficit		(2,715)	(2,911)
Accumulated other comprehensive loss		(1,061)	(941)
Total News Corporation stockholders’ equity		8,210	8,211
Noncontrolling interests		938	935
Total equity		9,148	9,146
Total liabilities and equity		16,418	16,771
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.” $27 million and $28 million relates to the current portion of finance lease liabilities as of September 30, 2021 and June 30, 2021, respectively.

[2] Class A common stock, $0.01 par value per share (“Class A Common Stock”), 1,500,000,000 shares authorized, 393,025,796 and 391,212,047 shares issued and outstanding, net of 27,368,413 treasury shares at par at September 30, 2021 and June 30, 2021, 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 September 30, 2021 and June 30, 2021, respectively.