CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions		Dec. 31, 2025	Jun. 30, 2025
Current assets:
Cash and cash equivalents		$ 2,051	$ 2,403
Receivables, net		1,894	1,562
Inventory, net		306	327
Other current assets		322	519
Total current assets		4,573	4,811
Non-current assets:
Investments		1,003	1,016
Property, plant and equipment, net		1,330	1,331
Operating lease right-of-use assets		783	789
Intangible assets, net		1,891	1,930
Goodwill		4,500	4,373
Deferred income tax assets, net		192	254
Other non-current assets		1,238	1,000
Total assets		15,510	15,504
Current liabilities:
Accounts payable		425	335
Accrued expenses		885	1,036
Deferred revenue		474	498
Current borrowings		25	25
Other current liabilities		713	714
Total current liabilities		2,522	2,608
Non-current liabilities:
Borrowings		1,926	1,937
Retirement benefit obligations		117	117
Deferred income tax liabilities, net		53	57
Operating lease liabilities		897	904
Other non-current liabilities		533	492
Commitments and contingencies
Additional paid-in capital		10,809	11,058
Accumulated deficit		(509)	(747)
Accumulated other comprehensive loss		(1,514)	(1,543)
Total News Corporation stockholders’ equity		8,792	8,774
Noncontrolling interests		670	615
Total equity		9,462	9,389
Total liabilities and equity		15,510	15,504
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, 371,777,267 and 376,718,696 shares issued and outstanding, net of 27,368,413 treasury shares at par, at December 31, 2025 and June 30, 2025, respectively.

[2] Class B common stock, $0.01 par value per share (“Class B Common Stock”), 750,000,000 shares authorized, 185,853,935 and 188,666,990 shares issued and outstanding, net of 78,430,424 treasury shares at par, at December 31, 2025 and June 30, 2025, respectively.