Consolidated Balance Sheets - USD ($) $ in Millions		Mar. 31, 2023	Jun. 30, 2022
Current assets:
Cash and cash equivalents		$ 1,659	$ 1,822
Receivables, net		1,540	1,502
Inventory, net		356	311
Other current assets		477	458
Total current assets		4,032	4,093
Non-current assets:
Investments		506	488
Property, plant and equipment, net		2,017	2,103
Operating lease right-of-use assets		1,022	891
Intangible assets, net		2,542	2,671
Goodwill		5,136	5,169
Deferred income tax assets		368	422
Other non-current assets		1,411	1,384
Total assets		17,034	17,221
Current liabilities:
Accounts payable		407	411
Accrued expenses		1,164	1,236
Deferred revenue		623	604
Current borrowings		27	293
Other current liabilities		983	975
Total current liabilities		3,204	3,519
Non-current liabilities:
Borrowings		2,960	2,776
Retirement benefit obligations		156	155
Deferred income tax liabilities		172	198
Operating lease liabilities		1,093	947
Other non-current liabilities		465	483
Commitments and contingencies
Additional paid-in capital		11,486	11,779
Accumulated deficit		(2,136)	(2,293)
Accumulated other comprehensive loss		(1,279)	(1,270)
Total News Corporation stockholders’ equity		8,077	8,222
Noncontrolling interests		907	921
Total equity		8,984	9,143
Total liabilities and equity		17,034	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, 381,691,759 and 387,561,850 shares issued and outstanding, net of 27,368,413 treasury shares at par at March 31, 2023 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, 192,882,224 and 196,808,833 shares issued and outstanding, net of 78,430,424 treasury shares at par at March 31, 2023 and June 30, 2022, respectively.