Earnings (Loss) Per Share (Tables)

12 Months Ended

Jun. 30, 2022

Earnings Per Share [Abstract]

Computation of Basic and Diluted Earnings (Loss) 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 fiscal years ended June 30,
	2022		2021		2020
	(in millions, except per share amounts)
Net income (loss)	$	760	$	389	$	(1,545)
Less: Net (income) loss attributable to noncontrolling interests	(137)		(59)		276
Net income (loss) attributable to News Corporation stockholders	$	623	$	330	$	(1,269)
Weighted-average number of shares of common stock outstanding—basic	589.5		590.4		587.9
Dilutive effect of equity awards(a)	3.0		3.0		—
Weighted-average number of shares of common stock outstanding—diluted	592.5		593.4		587.9
Net income (loss) attributable to News Corporation stockholders per share - basic	$	1.06	$	0.56	$	(2.16)
Net income (loss) attributable to News Corporation stockholders per share - diluted	$	1.05	$	0.56	$	(2.16)

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(a)The dilutive impact of the Company’s PSUs, RSUs and stock options has been excluded from the calculation of diluted loss per share for the fiscal year ended June 30, 2020 because their inclusion would have an antidilutive effect on the net loss per share.