XML 35 R25.htm IDEA: XBRL DOCUMENT v3.22.1
Borrowings (Tables)
 9 Months Ended
Mar. 31, 2022
Debt Disclosure [Abstract]  
Schedule of Borrowings
The Company’s total borrowings consist of the following:
Interest rate at March 31, 2022Maturity at March 31, 2022As of
March 31, 2022		As of
June 30, 2021
(in millions)
News Corporation
2022 Senior notes5.125 %Feb 15, 2032$492 $— 
2021 Senior notes3.875 %May 15, 2029987 985 
Foxtel Group(a)
2019 Credit facility(b)
2.76 %May 31, 2024225 232 
2019 Term loan facility6.25 %Nov 22, 2024188 190 
2017 Working capital facility(b)
2.76 %May 31, 2024— — 
Telstra Facility7.87 %Dec 22, 202791 60 
2012 US private placement — USD portion — tranche 2(c)
4.27 %Jul 25, 2022203 202 
2012 US private placement — USD portion — tranche 3(c)
4.42 %Jul 25, 2024152 152 
2012 US private placement — AUD portion7.04 %Jul 25, 202276 78 
REA Group(a)
2021 Bridge facility— %Jul 31, 2022— 314 
2022 Credit facility — tranche 1(d)
1.20 %Sep 16, 2024301 — 
2022 Credit facility — tranche 2(d)
1.35 %Sep 16, 20259 — 
Finance lease and other liabilities78 100 
Total borrowings2,802 2,313 
Less: current portion(e)
(306)(28)
Long-term borrowings
$2,496 $2,285 
(a)These borrowings were incurred by certain subsidiaries of NXE Australia Pty Limited (the “Foxtel Group” and together with such subsidiaries, the “Foxtel Debt Group”) and REA Group and certain of its subsidiaries (REA Group and certain of its subsidiaries, the “REA Debt Group”), consolidated but non wholly-owned subsidiaries of News Corp, and are only guaranteed by the Foxtel Group and REA Group and their respective subsidiaries, as applicable, and are non-recourse to News Corp.
(b)As of March 31, 2022, the Foxtel Debt Group had undrawn commitments of A$339 million available under these facilities.
(c)The carrying values of the borrowings include any fair value adjustments related to the Company’s fair value hedges. See Note 8—Financial Instruments and Fair Value Measurements.
(d)As of March 31, 2022, REA Group had total undrawn commitments of A$187 million available under the 2022 Credit Facility (as defined below).
(e)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 March 31, 2022 and June 30, 2021, respectively.