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Consolidated Statements of Comprehensive Income - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2022
Dec. 31, 2021
Statement of Comprehensive Income [Abstract]        
Net income $ 94 $ 262 $ 160 $ 529
Other comprehensive income (loss):        
Foreign currency translation adjustments 279 (36) (1) (200)
Net change in the fair value of cash flow hedges [1] (4) 1 13 2
Benefit plan adjustments, net [2] (6) 7 6 12
Other comprehensive income (loss) 269 (28) 18 (186)
Comprehensive income 363 234 178 343
Less: Net income attributable to noncontrolling interests (27) (27) (53) (98)
Less: Other comprehensive (income) loss attributable to noncontrolling interests [3] (59) 0 (3) 38
Comprehensive income attributable to News Corporation stockholders $ 277 $ 207 $ 122 $ 283
[1] Net of income tax (benefit) expense of ($2) million and $1 million for the three months ended December 31, 2022 and 2021, respectively, and income tax expense of $4 million and $1 million for the six months ended December 31, 2022 and 2021, respectively.
[2] Net of income tax (benefit) expense of ($3) million and $2 million for the three months ended December 31, 2022 and 2021, respectively, and income tax expense of $1 million and $4 million for the six months ended December 31, 2022 and 2021, respectively.
[3] Primarily consists of foreign currency translation adjustment.