Consolidated Balance Sheets - USD ($) $ in Millions		Dec. 31, 2021	Jun. 30, 2021
Current assets:
Cash and cash equivalents		$ 2,184	$ 2,236
Receivables, net		1,665	1,498
Inventory, net		248	253
Other current assets		502	469
Total current assets		4,599	4,456
Non-current assets:
Investments		505	351
Property, plant and equipment, net		2,134	2,272
Operating lease right-of-use assets		963	1,035
Intangible assets, net		2,082	2,179
Goodwill		4,557	4,653
Deferred income tax assets		295	378
Other non-current assets		1,385	1,447
Total assets		16,520	16,771
Current liabilities:
Accounts payable		351	321
Accrued expenses		1,118	1,339
Deferred revenue		462	473
Current borrowings		302	28
Other current liabilities		1,000	1,073
Total current liabilities		3,233	3,234
Non-current liabilities:
Borrowings		1,968	2,285
Retirement benefit obligations		202	211
Deferred income tax liabilities		241	260
Operating lease liabilities		1,035	1,116
Other non-current liabilities		494	519
Commitments and contingencies
Additional paid-in capital		11,948	12,057
Accumulated deficit		(2,482)	(2,911)
Accumulated other comprehensive loss		(1,089)	(941)
Total News Corporation stockholders’ equity		8,383	8,211
Noncontrolling interests		964	935
Total equity		9,347	9,146
Total liabilities and equity		16,520	16,771
Class A Common Stock
Non-current liabilities:
Common stock	[1]	4	4
Class B Common Stock
Non-current liabilities:
Common stock	[2]	$ 2	$ 2

[1] Class A common stock, $0.01 par value per share (“Class A Common Stock”), 1,500,000,000 shares authorized, 391,879,191 and 391,212,047 shares issued and outstanding, net of 27,368,413 treasury shares at par at December 31, 2021 and June 30, 2021, respectively.

[2] Class B common stock, $0.01 par value per share (“Class B Common Stock”), 750,000,000 shares authorized, 198,985,085 and 199,630,240 shares issued and outstanding, net of 78,430,424 treasury shares at par at December 31, 2021 and June 30, 2021, respectively.