Consolidated Balance Sheets - USD ($) $ in Millions		Sep. 30, 2022	Jun. 30, 2022
Current assets:
Cash and cash equivalents		$ 1,458	$ 1,822
Receivables, net		1,473	1,502
Inventory, net		373	311
Other current assets		450	458
Total current assets		3,754	4,093
Non-current assets:
Investments		470	488
Property, plant and equipment, net		1,971	2,103
Operating lease right-of-use assets		841	891
Intangible assets, net		2,563	2,671
Goodwill		5,041	5,169
Deferred income tax assets		390	422
Other non-current assets		1,357	1,384
Total assets		16,387	17,221
Current liabilities:
Accounts payable		348	411
Accrued expenses		1,101	1,236
Deferred revenue		592	604
Current borrowings		23	293
Other current liabilities		949	975
Total current liabilities		3,013	3,519
Non-current liabilities:
Borrowings		2,977	2,776
Retirement benefit obligations		152	155
Deferred income tax liabilities		167	198
Operating lease liabilities		888	947
Other non-current liabilities		462	483
Commitments and contingencies
Additional paid-in capital		11,584	11,779
Accumulated deficit		(2,253)	(2,293)
Accumulated other comprehensive loss		(1,465)	(1,270)
Total News Corporation stockholders’ equity		7,872	8,222
Noncontrolling interests		856	921
Total equity		8,728	9,143
Total liabilities and equity		16,387	17,221
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, 384,404,733 and 387,561,850 shares issued and outstanding, net of 27,368,413 treasury shares at par at September 30, 2022 and June 30, 2022, respectively.

[2] Class B common stock, $0.01 par value per share (“Class B Common Stock”), 750,000,000 shares authorized, 194,304,974 and 196,808,833 shares issued and outstanding, net of 78,430,424 treasury shares at par at September 30, 2022 and June 30, 2022, respectively.