BORROWINGS (Tables)

6 Months Ended

Dec. 31, 2024

Debt Disclosure [Abstract]

Schedule of Borrowings

The Company’s total borrowings consist of the following:

	Interest rate at December 31, 2024		Maturity at December 31, 2024	As of December 31, 2024		As of June 30, 2024
				(in millions)
News Corporation
2022 Term loan A(a)	6.204	%	Mar 31, 2027	$	481	$	484
2022 Senior notes	5.125	%	Feb 15, 2032	494		493
2021 Senior notes	3.875	%	May 15, 2029	992		991
REA Group(b)
2024 REA credit facility — tranche 1(c)	5.93	%	Sep 15, 2028	—		—
2024 REA credit facility — tranche 2(d)	N/A		N/A	—		79
2024 Subsidiary facility(e)	N/A		N/A	—		55
Total borrowings				1,967		2,102
Less: current portion(f)				(19)		(9)
Long-term borrowings				$	1,948	$	2,093

(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 December 31, 2024, the Company was paying interest at an effective interest rate of 3.521%. See Note 8—Financial Instruments and Fair Value Measurements.

(b)These borrowings were incurred by 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 REA Debt Group and are non-recourse to News Corp.

(c)As of December 31, 2024, REA Group had total undrawn commitments of A$400 million available under this facility.

(d)This facility was terminated by REA Group during the six months ended December 31, 2024, with the amount outstanding repaid using proceeds from the sale of REA Group’s interest in PropertyGuru. See Note 5—Investments.

(e)This facility was terminated by REA Group during the six months ended December 31, 2024, with the amount outstanding repaid using capacity available under the 2024 REA Credit Facility.

(f)The current portion of long term debt as of December 31, 2024 and June 30, 2024 relates to required principal repayments on the 2022 Term Loan A.