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Consolidated Statements of Comprehensive Income - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Mar. 31, 2023
Mar. 31, 2022
Statement of Comprehensive Income [Abstract]        
Net income $ 59 $ 104 $ 219 $ 633
Other comprehensive (loss) income:        
Foreign currency translation adjustments (33) 111 (34) (89)
Net change in the fair value of cash flow hedges [1] (8) 7 5 9
Benefit plan adjustments, net [2] 0 5 6 17
Other comprehensive (loss) income (41) 123 (23) (63)
Comprehensive income 18 227 196 570
Less: Net income attributable to noncontrolling interests (9) (22) (62) (120)
Less: Other comprehensive (income) loss attributable to noncontrolling interests [3] 17 (35) 14 3
Comprehensive income attributable to News Corporation stockholders $ 26 $ 170 $ 148 $ 453
[1] Net of income tax benefit of $2 million and nil for the three months ended March 31, 2023 and 2022, respectively, and income tax expense of $2 million and $1 million for the nine months ended March 31, 2023 and 2022, respectively.
[2] Net of income tax expense of nil and $1 million for the three months ended March 31, 2023 and 2022, respectively, and income tax expense of $1 million and $5 million for the nine months ended March 31, 2023 and 2022, respectively.
[3] Primarily consists of foreign currency translation adjustment.