Consolidated Balance Sheets - USD ($) $ in Millions		Mar. 31, 2022	Jun. 30, 2021
Current assets:
Cash and cash equivalents		$ 1,865	$ 2,236
Receivables, net		1,532	1,498
Inventory, net		308	253
Other current assets		457	469
Total current assets		4,162	4,456
Non-current assets:
Investments		564	351
Property, plant and equipment, net		2,167	2,272
Operating lease right-of-use assets		976	1,035
Intangible assets, net		2,651	2,179
Goodwill		5,174	4,653
Deferred income tax assets		273	378
Other non-current assets		1,452	1,447
Total assets		17,419	16,771
Current liabilities:
Accounts payable		317	321
Accrued expenses		1,285	1,339
Deferred revenue		528	473
Current borrowings		306	28
Other current liabilities		1,091	1,073
Total current liabilities		3,527	3,234
Non-current liabilities:
Borrowings		2,496	2,285
Retirement benefit obligations		197	211
Deferred income tax liabilities		230	260
Operating lease liabilities		1,040	1,116
Other non-current liabilities		513	519
Commitments and contingencies
Additional paid-in capital		11,823	12,057
Accumulated deficit		(2,403)	(2,911)
Accumulated other comprehensive loss		(1,001)	(941)
Total News Corporation stockholders’ equity		8,425	8,211
Noncontrolling interests		991	935
Total equity		9,416	9,146
Total liabilities and equity		17,419	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, 389,442,082 and 391,212,047 shares issued and outstanding, net of 27,368,413 treasury shares at par at March 31, 2022 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, 197,755,081 and 199,630,240 shares issued and outstanding, net of 78,430,424 treasury shares at par at March 31, 2022 and June 30, 2021, respectively.