Borrowings (Tables)

12 Months Ended

Jun. 30, 2023

Debt Disclosure [Abstract]

Schedule of Borrowings

The Company’s total borrowings consist of the following:

	Interest rate at June 30, 2023		Maturity at June 30, 2023	As of June 30, 2023	As of June 30, 2022
				(in millions)
News Corporation
2022 Term loan A(a)	6.842	%	Mar 31, 2027	497	500
2022 Senior notes	5.125	%	Feb 15, 2032	492	492
2021 Senior notes	3.875	%	May 15, 2029	989	987
Foxtel Group (b)
2019 Credit facility (c)	6.65	%	May 31, 2024	320	68
2019 Term loan facility	6.25	%	Nov 22, 2024	167	171
2017 Working capital facility (c)	6.65	%	May 31, 2024	—	—
Telstra facility	11.46	%	Dec 22, 2027	100	90
2012 US private placement—USD portion—tranche 2 (d)	—	%	Jul 25, 2022	—	198
2012 US private placement—USD portion—tranche 3 (d)	4.42	%	Jul 25, 2024	149	147
2012 US private placement—AUD portion	—	%	Jul 25, 2022	—	68
REA Group (b)
2022 Credit facility - tranche 1 (e)	5.35	%	Sep 16, 2024	211	273
2022 Credit facility - tranche 2 (e)	5.50	%	Sep 16, 2025	—	8
Finance lease liability				42	67
Total borrowings				2,967	3,069
Less: current portion (f)				(27)	(293)
Long-term borrowings				2,940	2,776

________________________

(a)The Company entered into an interest rate swap derivative to fix the floating rate interest component of its Term A Loans at 2.083%. For the three months ended June 30, 2023 the Company was paying interest at an effective interest rate of 3.708%. See Note 11—Financial Instruments and Fair Value Measurements.

(b)These borrowings were incurred by certain subsidiaries of NXE Australia Pty Limited (the “Foxtel Group” and together with such subsidiaries, the “Foxtel Debt Group”) and REA Group and certain of its subsidiaries (REA Group and certain of its subsidiaries, the “REA Debt Group”), consolidated but non wholly-owned subsidiaries of News Corp, and are only guaranteed by the Foxtel Group and REA Group and their respective subsidiaries, as applicable, and are non-recourse to News Corp.

(c)As of June 30, 2023, the Foxtel Debt Group had total undrawn commitments of A$161 million available under these facilities.

(d)The carrying values of the borrowings include any fair value adjustments related to the Company’s fair value hedges. See Note 11—Financial Instruments and Fair Value Measurements.

(e)As of June 30, 2023, REA Group had total undrawn commitments of A$281 million available under this facility.

(f)The Company classifies the current portion of long term debt as non-current liabilities on the Balance Sheets when it has the intent and ability to refinance the obligation on a long-term basis, in accordance with ASC 470-50 “Debt.” $27 million relates to the current portion of finance lease liabilities as of June 30, 2023 and 2022.

Scheduled of Debt Maturities Excluding Other Obligations and Debt Issuance Costs

The following table summarizes the Company’s debt maturities, excluding debt issuance costs and finance lease liabilities, as of June 30, 2023:

	As of June 30, 2023
	(in millions)
Fiscal 2024	$	333
Fiscal 2025	537
Fiscal 2026	25
Fiscal 2027	450
Fiscal 2028	100
Thereafter	1,500