Consolidated Balance Sheets - USD ($) $ in Millions		Dec. 31, 2022	Jun. 30, 2022
Current assets:
Cash and cash equivalents		$ 1,328	$ 1,822
Receivables, net		1,636	1,502
Inventory, net		328	311
Other current assets		471	458
Total current assets		3,763	4,093
Non-current assets:
Investments		524	488
Property, plant and equipment, net		2,045	2,103
Operating lease right-of-use assets		1,021	891
Intangible assets, net		2,585	2,671
Goodwill		5,167	5,169
Deferred income tax assets		386	422
Other non-current assets		1,400	1,384
Total assets		16,891	17,221
Current liabilities:
Accounts payable		308	411
Accrued expenses		1,052	1,236
Deferred revenue		591	604
Current borrowings		27	293
Other current liabilities		961	975
Total current liabilities		2,939	3,519
Non-current liabilities:
Borrowings		2,998	2,776
Retirement benefit obligations		156	155
Deferred income tax liabilities		179	198
Operating lease liabilities		1,092	947
Other non-current liabilities		471	483
Commitments and contingencies
Additional paid-in capital		11,550	11,779
Accumulated deficit		(2,186)	(2,293)
Accumulated other comprehensive loss		(1,255)	(1,270)
Total News Corporation stockholders’ equity		8,115	8,222
Noncontrolling interests		941	921
Total equity		9,056	9,143
Total liabilities and equity		16,891	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, 382,348,920 and 387,561,850 shares issued and outstanding, net of 27,368,413 treasury shares at par at December 31, 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, 193,242,506 and 196,808,833 shares issued and outstanding, net of 78,430,424 treasury shares at par at December 31, 2022 and June 30, 2022, respectively.