CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Millions	3 Months Ended
	Sep. 30, 2026	Sep. 30, 2025
Operating activities:
Net income	$ 215	$ 150
Adjustments to reconcile net income to net cash provided by operating activities from continuing operations:
Depreciation and amortization	126	117
Operating lease expense	17	17
Equity losses of affiliates	3	2
Impairment charges	0	5
Deferred income taxes	3	18
Other, net	(38)	(3)
Change in operating assets and liabilities, net of acquisitions:
Receivables and other assets	(143)	(77)
Inventories, net	(31)	(3)
Accounts payable and other liabilities	(139)	(141)
Net cash provided by operating activities from continuing operations	13	85
Investing activities:
Capital expenditures	(102)	(81)
Proceeds from sales of property, plant and equipment	0	1
Acquisitions, net of cash acquired	0	(41)
Proceeds from business dispositions	10	0
Purchases of investments in equity affiliates and other	(14)	(17)
Proceeds from sales of investments in equity affiliates and other	31	38
Other, net	(4)	(1)
Net cash used in investing activities from continuing operations	(79)	(101)
Financing activities:
Repayment of borrowings	0	(6)
Repurchase of News Corp shares	(166)	(92)
Dividends paid	(61)	(47)
Other, net	(34)	(34)
Net cash used in financing activities from continuing operations	(261)	(179)
Cash flows from discontinued operations:
Net cash used in operating activities from discontinued operations	0	(5)
Net cash used in investing activities from discontinued operations	0	0
Net cash used in financing activities from discontinued operations	0	0
Net cash used in discontinued operations	0	(5)
Net change in cash and cash equivalents, including discontinued operations	(327)	(200)
Effect of exchange rate changes on cash and cash equivalents, including discontinued operations	9	(5)
Cash and cash equivalents, beginning of year	2,095	2,403
Cash and cash equivalents, end of period	$ 1,777	$ 2,198