CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions		Mar. 31, 2026	Jun. 30, 2025
Current assets:
Cash and cash equivalents		$ 2,171	$ 2,403
Receivables, net		1,778	1,562
Inventory, net		303	327
Other current assets		327	519
Total current assets		4,579	4,811
Non-current assets:
Investments		1,000	1,016
Property, plant and equipment, net		1,350	1,331
Operating lease right-of-use assets		765	789
Intangible assets, net		1,877	1,930
Goodwill		4,485	4,373
Deferred income tax assets, net		186	254
Other non-current assets		1,274	1,000
Total assets		15,516	15,504
Current liabilities:
Accounts payable		384	335
Accrued expenses		1,041	1,036
Deferred revenue		556	498
Current borrowings		0	25
Other current liabilities		709	714
Total current liabilities		2,690	2,608
Non-current liabilities:
Borrowings		1,988	1,937
Retirement benefit obligations		115	117
Deferred income tax liabilities, net		54	57
Operating lease liabilities		854	904
Other non-current liabilities		534	492
Commitments and contingencies
Additional paid-in capital		10,567	11,058
Accumulated deficit		(452)	(747)
Accumulated other comprehensive loss		(1,537)	(1,543)
Total News Corporation stockholders’ equity		8,584	8,774
Noncontrolling interests		697	615
Total equity		9,281	9,389
Total liabilities and equity		15,516	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, 366,779,986 and 376,718,696 shares issued and outstanding, net of 27,368,413 treasury shares at par, at March 31, 2026 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, 183,457,255 and 188,666,990 shares issued and outstanding, net of 78,430,424 treasury shares at par, at March 31, 2026 and June 30, 2025, respectively.