Earnings Per Share

12 Months Ended

Jun. 30, 2019

NOTE 17. EARNINGS PER SHARE

The following tables set forth the computation of basic and diluted earnings per share under ASC 260, “Earnings per Share”:

	For the years ended June 30,
	2019		2018		2017
	(in millions, except per share amounts)

Net income attributable to Fox Corporation stockholders	$	1,595	$	2,187	$	1,372

Weighted average shares - basic and diluted^(a)		621		621		621

Net income attributable to Fox Corporation stockholders per share - basic and diluted	$	2.57	$	3.52	$	2.21

^(a)

For all periods presented that ended prior to the date of the Distribution, 621 million shares have been utilized for the calculation of basic and diluted earnings per share as no shares of common stock or equity-based awards of the Company were outstanding prior to that date (See Note 2—Summary of Significant Accounting Policies under the heading “Earnings per share” for additional information).