CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions		Jun. 30, 2026	Jun. 30, 2025
Current assets:
Cash and cash equivalents		$ 2,095	$ 2,403
Receivables, net		1,757	1,562
Inventory, net		302	327
Other current assets		328	519
Total current assets		4,482	4,811
Non-current assets:
Investments		1,002	1,016
Property, plant and equipment, net		1,398	1,331
Operating lease right-of-use assets		754	789
Intangible assets, net		1,837	1,930
Goodwill		4,542	4,373
Deferred income tax assets, net		251	254
Other non-current assets		1,278	1,000
Total assets		15,544	15,504
Current liabilities:
Accounts payable		412	335
Accrued expenses		1,080	1,036
Deferred revenue		543	498
Current borrowings		0	25
Other current liabilities		726	714
Total current liabilities		2,761	2,608
Non-current liabilities:
Borrowings		1,989	1,937
Retirement benefit obligations		97	117
Deferred income tax liabilities, net		108	57
Operating lease liabilities		840	904
Other non-current liabilities		513	492
Commitments and contingencies
Additional paid-in capital		10,380	11,058
Accumulated deficit		(312)	(747)
Accumulated other comprehensive loss		(1,548)	(1,543)
Total News Corporation stockholders’ equity		8,526	8,774
Noncontrolling interests		710	615
Total equity		9,236	9,389
Total liabilities and equity		15,544	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, 362,139,890 and 376,718,696 shares issued and outstanding, net of 27,368,413 treasury shares at par, at June 30, 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, 181,281,012 and 188,666,990 shares issued and outstanding, net of 78,430,424 treasury shares at par, at June 30, 2026 and June 30, 2025, respectively.