CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions		Mar. 31, 2025	Jun. 30, 2024
Current assets:
Cash and cash equivalents		$ 2,095	$ 1,872
Receivables, net		1,539	1,420
Inventory, net		317	266
Other current assets		526	474
Current assets held for sale		2,364	340
Total current assets		6,841	4,372
Non-current assets:
Investments		354	429
Property, plant and equipment, net		1,256	1,272
Operating lease right-of-use assets		774	805
Intangible assets, net		1,881	1,948
Goodwill		4,285	4,336
Deferred income tax assets, net		240	332
Other non-current assets		949	957
Non-current assets held for sale		0	2,233
Total assets		16,580	16,684
Current liabilities:
Accounts payable		371	254
Accrued expenses		1,008	986
Deferred revenue		501	483
Current borrowings		22	9
Other current liabilities		748	772
Current liabilities held for sale		1,431	551
Total current liabilities		4,081	3,055
Non-current liabilities:
Borrowings		1,943	2,093
Retirement benefit obligations		127	125
Deferred income tax liabilities, net		17	21
Operating lease liabilities		879	912
Other non-current liabilities		452	472
Non-current liabilities held for sale		0	995
Commitments and contingencies
Additional paid-in capital		11,070	11,254
Accumulated deficit		(1,481)	(1,889)
Accumulated other comprehensive loss		(1,392)	(1,251)
Total News Corporation stockholders’ equity		8,203	8,120
Noncontrolling interests		878	891
Total equity		9,081	9,011
Total liabilities and equity		16,580	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, 377,542,384 and 378,670,671 shares issued and outstanding, net of 27,368,413 treasury shares at par, at March 31, 2025 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, 189,079,514 and 190,423,250 shares issued and outstanding, net of 78,430,424 treasury shares at par, at March 31, 2025 and June 30, 2024, respectively.