Segment Information (Tables)

6 Months Ended

Dec. 31, 2019

Segment Reporting [Abstract]

Reconciliation of Revenues and Segment EBITDA from Segments to Consolidated

The following tables set forth the Company’s Revenues and Segment EBITDA for the three and six months ended December 31, 2019 and 2018:

	For the three months ended December 31,						For the six months ended December 31,
	2019			2018			2019			2018
	(in millions)
Revenues
Cable Network Programming	$	1,469		$	1,434		$	2,754		$	2,699
Television		2,266			2,149			3,622			3,426
Other, Corporate and Eliminations		43			-			69			(1	)
Total revenues	$	3,778		$	3,583		$	6,445		$	6,124
Segment EBITDA
Cable Network Programming	$	556		$	519		$	1,240		$	1,152
Television		(214	)		(14	)		37			157
Other, Corporate and Eliminations		(81	)		(60	)		(160	)		(103	)
Amortization of cable distribution investments		(5	)	(9		)		(14	)		(19	)
Depreciation and amortization		(57	)		(51	)		(107	)		(94	)
Impairment and restructuring charges		-			-			(9	)		-
Interest expense		(90	)		(15	)		(180	)		(31	)
Interest income		8			-			25			-
Other, net		302			(339	)		287			(200	)
Income before income tax expense		419			31			1,119			862
Income tax expense		(105	)		(7	)		(292	)		(223	)
Net income		314			24			827			639
Less: Net income attributable to noncontrolling interests		(14	)		(16	)		(28	)		(27	)
Net income attributable to Fox Corporation stockholders	$	300		$	8		$	799		$	612

Summary of Revenues by Segment by Component to Consolidated

Revenues by Segment by Component

	For the three months ended December 31,				For the six months ended December 31,
	2019		2018		2019		2018
	(in millions)
Cable Network Programming
Affiliate fee	$	957	$	938	$	1,896	$	1,877
Advertising		337		353		591		617
Other		175		143		267		205
Total Cable Network Programming revenues		1,469		1,434		2,754		2,699
Television
Advertising		1,673		1,634		2,460		2,433
Affiliate fee		479		407		934		805
Other		114		108		228		188
Total Television revenues		2,266		2,149		3,622		3,426
Other, Corporate and Eliminations		43		-		69		(1	)
Total revenues	$	3,778	$	3,583	$	6,445	$	6,124

Reconciliation of Depreciation and Amortization from Segments to Consolidated

	For the three months ended December 31,				For the six months ended December 31,
	2019		2018		2019		2018
	(in millions)
Depreciation and amortization
Cable Network Programming	$	16	$	12	$	29	$	23
Television		14		26		29		52
Other, Corporate and Eliminations		27		13		49		19
Total depreciation and amortization	$	57	$	51	$	107	$	94

Reconciliation of Assets from Segments to Consolidated

	As of December 31, 2019		As of June 30, 2019
	(in millions)
Assets
Cable Network Programming	$	2,721	$	2,584
Television		7,767		6,598
Other, Corporate and Eliminations		8,734		9,462
Investments		1,228		865
Total assets	$	20,450	$	19,509

Reconciliation of Goodwill and Intangible Assets, Net from Segments to Consolidated

	As of December 31, 2019		As of June 30, 2019
	(in millions)
Goodwill and intangible assets, net
Cable Network Programming	$	1,286	$	1,246
Television		3,922		3,891
Other, Corporate and Eliminations		694		405
Total goodwill and intangible assets, net	$	5,902	$	5,542