Segment Information (Tables)

9 Months Ended

Mar. 31, 2020

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 nine months ended March 31, 2020 and 2019:

	For the three months ended March 31,						For the nine months ended March 31,
	2020			2019			2020			2019
	(in millions)
Revenues
Cable Network Programming	$	1,467		$	1,383		$	4,221		$	4,082
Television		1,926			1,370			5,548			4,796
Other, Corporate and Eliminations		47			(1	)		116			(2	)
Total revenues	$	3,440		$	2,752		$	9,885		$	8,876
Segment EBITDA
Cable Network Programming	$	792		$	741		$	2,032		$	1,893
Television		224			99			261			256
Other, Corporate and Eliminations		(96	)		(74	)		(256	)		(177	)
Amortization of cable distribution investments		(5	)		(10	)		(19	)		(29	)
Depreciation and amortization		(57	)		(58	)		(164	)		(152	)
Impairment and restructuring charges		-			(14	)		(9	)		(14	)
Interest expense		(89	)		(81	)		(269	)		(112	)
Interest income		8			19			33			19
Other, net		(632	)		84			(345	)		(116	)
Income before income tax expense		145			706			1,264			1,568
Income tax expense		(55	)		(167	)		(347	)		(390	)
Net income		90			539			917			1,178
Less: Net income attributable to noncontrolling interests		(12	)		(10	)		(40	)		(37	)
Net income attributable to Fox Corporation stockholders	$	78		$	529		$	877		$	1,141

Summary of Revenues by Segment by Component to Consolidated

Revenues by Segment by Component

	For the three months ended March 31,					For the nine months ended March 31,
	2020		2019			2020		2019
	(in millions)
Cable Network Programming
Affiliate fee	$	1,006	$	968		$	2,902	$	2,845
Advertising		304		276			895		893
Other		157		139			424		344
Total Cable Network Programming revenues		1,467		1,383			4,221		4,082
Television
Advertising		1,266		812			3,726		3,245
Affiliate fee		553		452			1,487		1,257
Other		107		106			335		294
Total Television revenues		1,926		1,370			5,548		4,796
Other, Corporate and Eliminations		47		(1	)		116		(2	)
Total revenues	$	3,440	$	2,752		$	9,885	$	8,876

Reconciliation of Depreciation and Amortization from Segments to Consolidated

	For the three months ended March 31,				For the nine months ended March 31,
	2020		2019		2020		2019
	(in millions)
Depreciation and amortization
Cable Network Programming	$	15	$	12	$	44	$	35
Television		17		28		46		80
Other, Corporate and Eliminations		25		18		74		37
Total depreciation and amortization	$	57	$	58	$	164	$	152

Reconciliation of Assets from Segments to Consolidated

	As of March 31, 2020		As of June 30, 2019
	(in millions)
Assets
Cable Network Programming	$	2,714	$	2,584
Television		7,226		6,598
Other, Corporate and Eliminations		9,950		9,462
Investments		347		865
Total assets	$	20,237	$	19,509

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

	As of March 31, 2020		As of June 30, 2019
	(in millions)
Goodwill and intangible assets, net
Cable Network Programming	$	1,288	$	1,246
Television		4,193		3,891
Other, Corporate and Eliminations		692		405
Total goodwill and intangible assets, net	$	6,173	$	5,542