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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
9 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Operating activities:    
Net income $ 513 $ 564
Net loss (income) from discontinued operations, net of tax 0 (2)
Net income from continuing operations 513 562
Adjustments to reconcile net income from continuing operations to net cash provided by operating activities from continuing operations:    
Depreciation and amortization 357 339
Operating lease expense 51 55
Equity losses of affiliates 5 11
Impairment charges 17 2
Deferred income taxes 69 83
Other, net 31 (99)
Change in operating assets and liabilities, net of acquisitions:    
Receivables and other assets (270) (95)
Inventories, net 32 (49)
Accounts payable and other liabilities 10 (20)
Net cash provided by operating activities from continuing operations 815 789
Investing activities:    
Capital expenditures (280) (250)
Proceeds from sales of property, plant and equipment 1 0
Acquisitions, net of cash acquired (96) (53)
Purchases of investments in equity affiliates and other (53) (141)
Proceeds from sales of investments in equity affiliates and other 65 263
Other, net (16) (13)
Net cash used in investing activities from continuing operations (379) (194)
Financing activities:    
Borrowings 125 61
Repayment of borrowings (100) (200)
Repurchase of News Corp shares (456) (114)
Dividends paid (149) (128)
Other, net (96) (44)
Net cash used in financing activities from continuing operations (676) (425)
Cash flows from discontinued operations:    
Net cash (used in) provided by operating activities from discontinued operations (6) 157
Net cash used in investing activities from discontinued operations 0 (65)
Net cash used in financing activities from discontinued operations 0 (39)
Net cash (used in) provided by discontinued operations (6) 53
Net change in cash, cash equivalents and restricted cash, including discontinued operations (246) 223
Effect of exchange rate changes on cash, cash equivalents and restricted cash, including discontinued operations 14 (12)
Cash, cash equivalents and restricted cash, including discontinued operations, beginning of year 2,403 1,960
Cash, cash equivalents and restricted cash, including discontinued operations, end of period 2,171 2,171
Less: Cash and cash equivalents at end of period of discontinued operations 0 (76)
Cash and cash equivalents $ 2,171 $ 2,095