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UNAUDITED CONSOLIDATED AND COMBINED STATEMENTS OF EQUITY - USD ($)
shares in Millions, $ in Millions
Total
Class B Common Stock
Common Stock
Class A Common Stock
Common Stock
Class B Common Stock
Twenty-First Century Fox, Inc. Investment
Additional Paid-in Capital
Retained Earnings
Accumulated Other Comprehensive (Loss) Income
Total Fox Corporation Stockholders' Equity
Noncontrolling Interests
[1]
Beginning Balance at Jun. 30, 2018 $ 9,594   $ 0 $ 0 $ 9,513 $ 0 $ 0 $ 81 $ 9,594 $ 0
Beginning balance (in shares) at Jun. 30, 2018     0 0            
Adoption of new accounting standards at Jun. 30, 2018 [2] 0   $ 0 $ 0 143 0 0 (143) 0 0
Net income 618   0 0 612 0 0 0 612 6
Other comprehensive income 3   0 0 0 0 0 3 3 0
Other 168   $ 0 $ 0 162 0 0 0 162 6
Other, shares     0 0            
Net increase (decrease) in Twenty-First Century Fox, Inc. investment 23   $ 0 $ 0 166 0 0 (143) [3] 23 0
Ending Balance at Dec. 31, 2018 10,406   $ 0 $ 0 10,596 0 0 (202) 10,394 12
Ending balance (in shares) at Dec. 31, 2018     0 0            
Beginning Balance at Sep. 30, 2018 11,054   $ 0 $ 0 11,106 0 0 (61) 11,045 9
Beginning balance (in shares) at Sep. 30, 2018     0 0            
Net income 14   $ 0 $ 0 8 0 0 0 8 6
Other comprehensive income 2   0 0 0 0 0 2 2 0
Other (22)   $ 0 $ 0 (19) 0 0 0 (19) (3)
Other, shares     0 0            
Net increase (decrease) in Twenty-First Century Fox, Inc. investment (642)   $ 0 $ 0 (499) 0 0 (143) [3] (642) 0
Ending Balance at Dec. 31, 2018 10,406   $ 0 $ 0 10,596 0 0 (202) 10,394 12
Ending balance (in shares) at Dec. 31, 2018     0 0            
Beginning Balance at Jun. 30, 2019 9,958   $ 4 $ 3 0 9,891 357 (308) 9,947 11
Beginning balance (in shares) at Jun. 30, 2019     354 266            
Net income 815   $ 0 $ 0 0 0 799 0 799 16
Other comprehensive income 12   0 0 0 0 0 12 12 0
Dividends declared (143)   0 0 0 0 (143) 0 (143) 0
Shares repurchased (427)   $ (1) $ 0 0 (194) (232) 0 (427) 0
Shares repurchased, shares     (8) (2)            
Other 138   $ 0 $ 0 0 152 (6) 0 146 (8)
Other, shares     1 0            
Ending Balance at Dec. 31, 2019 10,353   $ 3 $ 3 0 9,849 775 (296) 10,334 19
Ending balance (in shares) at Dec. 31, 2019     347 264            
Beginning Balance at Sep. 30, 2019 10,330   $ 4 $ 3 0 9,921 696 (304) 10,320 10
Beginning balance (in shares) at Sep. 30, 2019     354 266            
Net income 311   $ 0 $ 0 0 0 300 0 300 11
Other comprehensive income 8   0 0 0 0 0 8 8 0
Shares repurchased (427) $ (77) $ (1) $ 0 0 (194) (232) 0 (427) 0
Shares repurchased, shares   (2) (8) (2)            
Other 131   $ 0 $ 0 0 122 11 0 133 (2)
Other, shares     1 0            
Ending Balance at Dec. 31, 2019 $ 10,353   $ 3 $ 3 $ 0 $ 9,849 $ 775 $ (296) $ 10,334 $ 19
Ending balance (in shares) at Dec. 31, 2019     347 264            
[1] Excludes Redeemable noncontrolling interests which are reflected in temporary equity (See Note 4—Fair Value under the heading “Redeemable Noncontrolling Interests”).
[2] Reflects the adoption of ASU 2016-01 and ASU 2018-02 as defined in Note 2—Summary of Significant Accounting Policies in the Company’s Annual Report on Form 10-K for the fiscal year ended June 30, 2019 as filed with the Securities and Exchange Commission on August 9, 2019 under the heading “Recently Adopted and Recently Issued Accounting Guidance and U.S. Tax Reform.”
[3] Represents accumulated other comprehensive loss transferred from Twenty-First Century Fox, Inc. investment related to the pension benefit assets and liabilities of the Shared Plans (See Note 14—Pension and Other Postretirement Benefits in the Company’s Annual Report on Form 10-K for the fiscal year ended June 30, 2019 as filed with the Securities and Exchange Commission on August 9, 2019).