Stockholders' Equity (Tables)

9 Months Ended

Mar. 31, 2019

Stockholders Equity Note [Abstract]

Schedule of Changes in Stockholders' Equity

The following tables summarize changes in stockholders’ equity:

	For the three months ended March 31, 2019										For the nine months ended March 31, 2019
	Fox Corporation stockholders				Noncontrolling interests(a)			Total equity			Fox Corporation stockholders				Noncontrolling interests(a)		Total equity
	(in millions)
Balance, beginning of period	$	10,394			$	12		$	10,406		$	9,594			$	-	$	9,594
Net income		529				4			533			1,141				10		1,151
Other comprehensive income		2				-			2			5				-		5
Other		(26	)			(5	)		(31	)		136		(b)		1		137
Transferred from Twenty-First Century Fox, Inc. investment to Accumulated other comprehensive (loss) income		(14	)	(c)		-			(14	)		(157	)	(c)		-		(157	)
Net decrease in Twenty-First Century Fox, Inc. investment		(2,285	)			-			(2,285	)		(2,119	)			-		(2,119	)
		-
Balance, end of period	$	8,600			$	11		$	8,611		$	8,600			$	11	$	8,611

	For the three months ended March 31, 2018								For the nine months ended March 31, 2018
	Fox Corporation stockholders			Noncontrolling interests(a)		Total equity			Fox Corporation stockholders			Noncontrolling interests(a)		Total equity
	(in millions)
Balance, beginning of period	$	7,953		$	-	$	7,953		$	6,093		$	-	$	6,093
Net income		457			-		457			1,716			-		1,716
Other comprehensive (loss) income		(95	)		-		(95	)		85			-		85
Other		(32	)		-		(32	)		(69	)		-		(69	)
Net increase in Twenty-First Century Fox, Inc. investment		700			-		700			1,158			-		1,158
		-
Balance, end of period	$	8,983		$	-	$	8,983		$	8,983		$	-	$	8,983

^(a) Excludes Redeemable noncontrolling interests which are reflected in temporary equity (See Note 4 – Fair Value under the heading “Redeemable Noncontrolling Interests”).

^(b) Approximately $200 million was reclassified to equity from Redeemable noncontrolling interests (See Note 4 – Fair Value).

^(c) See Note 10 – Pension and Other Postretirement Benefits.

Schedule of Activity within Other Comprehensive Income

The following table summarizes the material activity within Other comprehensive income (loss):

	For the three months ended March 31, 2018								For the nine months ended March 31, 2018
	Before tax			Tax benefit		Net of tax			Before tax		Tax provision			Net of tax
	(in millions)
(Losses) gains on securities
Unrealized (losses) gains	$	(122	)	$	29	$	(93	)	$	161	$	(77	)	$	84
Other comprehensive (loss) income	$	(122	)	$	29	$	(93	)	$	161	$	(77	)	$	84

Summary of Changes in the Components of Accumulated Other Comprehensive (Loss) Income, Net of Tax

The following table summarizes the changes in the components of Accumulated other comprehensive (loss) income, net of tax:

	For the three months ended March 31, 2019									For the nine months ended March 31, 2019
	Unrealized holding gains on securities		Benefit plan adjustments and other				Accumulated other comprehensive (loss) income			Unrealized holding gains on securities				Benefit plan adjustments and other				Accumulated other comprehensive (loss) income
	(in millions)
Balance, beginning of period	$	-	$	(202	)		$	(202	)	$	130			$	(49	)		$	81
Adoption of ASUs		-		-				-			(130	)	(a)		(13	)	(b)		(143	)
Other comprehensive income, net of tax		-		2				2			-				5				5
Transferred from Twenty-First Century Fox, Inc. investment		-		(14	)	(c)		(14	)		-				(157	)	(c)		(157	)
Balance, end of period	$	-	$	(214	)		$	(214	)	$	-			$	(214	)		$	(214	)

^(a) Reflects the adoption of ASU 2016-01 (See Note 1 – Description of Business and Basis of Presentation under the heading “Recently Adopted and Recently Issued Accounting Guidance and U.S. Tax Reform” for additional information).

^(b) Reflects the adoption of ASU 2018-02 (See Note 1 – Description of Business and Basis of Presentation under the heading “Recently Adopted and Recently Issued Accounting Guidance and U.S. Tax Reform” for additional information).

^(c) See Note 10 – Pension and Other Postretirement Benefits.