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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Jun. 30, 2024
Jun. 30, 2023
Current assets:    
Cash and cash equivalents $ 1,872 $ 1,761
Receivables, net 1,420 1,347
Inventory, net 266 290
Other current assets 474 352
Disposal Group, Including Discontinued Operation, Assets, Current 340 303
Total current assets 4,372 4,053
Non-current assets:    
Investments 429 427
Property, plant and equipment, net 1,272 1,281
Operating lease right-of-use assets 805 865
Intangible assets, net 1,948 2,060
Goodwill 4,336 4,291
Deferred income tax assets, net 332 393
Other non-current assets 957 1,066
Disposal Group, Including Discontinued Operation, Assets, Noncurrent 2,233 2,485
Total assets 16,684 16,921
Current liabilities:    
Accounts payable 254 292
Accrued expenses 986 920
Deferred revenue 483 554
Current borrowings 9 0
Other current liabilities 772 804
Disposal Group, Including Discontinued Operation, Liabilities, Current 551 595
Total current liabilities 3,055 3,165
Non-current liabilities:    
Borrowings 2,093 2,189
Retirement benefit obligations 125 134
Deferred income tax liabilities, net 21 32
Operating lease liabilities 912 996
Other non-current liabilities 472 425
Disposal Group, Including Discontinued Operation, Liabilities, Noncurrent 995 1,035
Commitments and contingencies
Additional paid-in capital 11,254 11,449
Accumulated deficit (1,889) (2,144)
Accumulated other comprehensive loss (1,251) (1,247)
Total News Corporation stockholders’ equity 8,120 8,064
Noncontrolling interests 891 881
Total equity 9,011 8,945
Total liabilities and equity 16,684 16,921
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, 378,670,671 and 379,945,907 shares issued and outstanding, net of 27,368,413 treasury shares at par, at June 30, 2024 and June 30, 2023, respectively.
[2] Class B common stock, $0.01 par value per share (“Class B Common Stock”), 750,000,000 shares authorized, 190,423,250 and 192,013,909 shares issued and outstanding, net of 78,430,424 treasury shares at par, at June 30, 2024 and June 30, 2023, respectively.