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CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2024
Dec. 31, 2023
Statement of Comprehensive Income [Abstract]        
Net income $ 283 $ 183 $ 427 $ 241
Other comprehensive (loss) income:        
Foreign currency translation adjustments (418) 215 (248) 70
Net change in the fair value of cash flow hedges [1] 10 (17) (6) (18)
Benefit plan adjustments, net [2] 10 (2) 7 13
Other comprehensive (loss) income (398) 196 (247) 65
Comprehensive (loss) income (115) 379 180 306
Net income attributable to noncontrolling interests (68) (27) (93) (55)
Other comprehensive loss (income) attributable to noncontrolling interests [3] 105 (49) 74 (18)
Comprehensive (loss) income attributable to News Corporation stockholders $ (78) $ 303 $ 161 $ 233
[1] Net of income tax expense (benefit) of $4 million and $(6) million for the three months ended December 31, 2024 and 2023, respectively, and $(2) million and $(7) million for the six months ended December 31, 2024 and 2023, respectively.
[2] Net of income tax expense (benefit) of $3 million and $(1) million for the three months ended December 31, 2024 and 2023, respectively, and $2 million and $4 million for the six months ended December 31, 2024 and 2023, respectively.
[3] Primarily consists of foreign currency translation adjustments.