DISCONTINUED OPERATIONS (Tables)

6 Months Ended

Dec. 31, 2024

Discontinued Operations and Disposal Groups [Abstract]

Schedule of Assets and Liabilities of Foxtel and Operations of Foxtel

The following table summarizes the assets and liabilities of Foxtel classified to held for sale:

	As of December 31, 2024		As of June 30, 2024
Assets held for sale:
Current assets:
Cash and cash equivalents	$	58	$	88
Receivables, net	75		83
Inventory, net	5		30
Other current assets	114		139
Total current assets(a)	252		340
Non-current assets:
Investments	1		1
Property, plant and equipment, net	516		642
Operating lease right-of-use assets	132		153
Intangible assets, net	322		374
Goodwill	793		850
Other non-current assets	180		213
Total non-current assets(a)	1,944		2,233
Total assets held for sale	$	2,196	$	2,573
Liabilities held for sale:
Current liabilities:
Accounts payable	$	20	$	60
Accrued expenses	188		245
Deferred revenue	60		68
Current borrowings	32		45
Other current liabilities	107		133
Total current liabilities(a)	407		551
Non-current liabilities:
Borrowings	712		762
Deferred income tax liabilities, net	83		98
Operating lease liabilities	97		115
Other non-current liabilities(a)	25		20
Total non-current liabilities	$	917	$	995
Total liabilities held for sale	$	1,324	$	1,546

(a)The assets and liabilities held for sale are classified as current on the December 31, 2024 balance sheet as the transaction is expected to close within one year of that balance sheet date.

The following table summarizes the results of operations from the discontinued operations of Foxtel for the three and six months ended December 31, 2024 and 2023:

	For the three months ended December 31,				For the six months ended December 31,
	2024		2023		2024		2023
Total Revenues	$	462	$	466	$	961	$	950
Operating expenses	(314)		(321)		(638)		(629)
Selling, general and administrative	(83)		(72)		(168)		(158)
Depreciation and amortization	(79)		(69)		(156)		(139)
Impairment and restructuring charges	(1)		(1)		(2)		(2)
Interest expense, net	(17)		(18)		(35)		(33)
Other, net	(1)		1		—		4
Loss before income tax benefit	(33)		(14)		(38)		(7)
Income tax benefit	10		3		10		—
Net loss	(23)		(11)		(28)		(7)
Net loss attributable to noncontrolling interests	10		7		16		9
Net (loss) income attributable to News Corporation stockholders	(13)		(4)		(12)		2