CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions		Dec. 31, 2024	Jun. 30, 2024
Current assets:
Cash and cash equivalents		$ 1,751	$ 1,872
Receivables, net		1,655	1,420
Inventory, net		296	266
Other current assets		554	474
Current assets held for sale		2,196	340
Total current assets		6,452	4,372
Non-current assets:
Investments		365	429
Property, plant and equipment, net		1,241	1,272
Operating lease right-of-use assets		769	805
Intangible assets, net		1,893	1,948
Goodwill		4,265	4,336
Deferred income tax assets, net		241	332
Other non-current assets		935	957
Non-current assets held for sale		0	2,233
Total assets		16,161	16,684
Current liabilities:
Accounts payable		365	254
Accrued expenses		832	986
Deferred revenue		431	483
Current borrowings		19	9
Other current liabilities		759	772
Current liabilities held for sale		1,324	551
Total current liabilities		3,730	3,055
Non-current liabilities:
Borrowings		1,948	2,093
Retirement benefit obligations		126	125
Deferred income tax liabilities, net		14	21
Operating lease liabilities		872	912
Other non-current liabilities		446	472
Non-current liabilities held for sale		0	995
Commitments and contingencies
Additional paid-in capital		11,141	11,254
Accumulated deficit		(1,574)	(1,889)
Accumulated other comprehensive loss		(1,424)	(1,251)
Total News Corporation stockholders’ equity		8,149	8,120
Noncontrolling interests		876	891
Total equity		9,025	9,011
Total liabilities and equity		16,161	16,684
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, 378,380,369 and 378,670,671 shares issued and outstanding, net of 27,368,413 treasury shares at par, at December 31, 2024 and June 30, 2024, respectively.

[2] Class B common stock, $0.01 par value per share (“Class B Common Stock”), 750,000,000 shares authorized, 189,503,773 and 190,423,250 shares issued and outstanding, net of 78,430,424 treasury shares at par, at December 31, 2024 and June 30, 2024, respectively.