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UNAUDITED CONSOLIDATED STATEMENTS OF EQUITY - USD ($)
shares in Millions, $ in Millions
Total
Class A Common Stock
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 1,151     0 0 1,036 0 105 0 1,141 10
Other comprehensive income 5     0 0 0 0 0 5 5 0
Other 137     $ 0 $ 0 135 5 (4) 0 136 1
Other, shares       0 0            
Net decrease in Twenty-First Century Fox, Inc. investment (2,276)     $ 0 $ 0 (2,119) 0 0 (157) [3] (2,276) 0
Conversion of Twenty-First Century Fox, Inc. investment 0     $ 4 $ 3 (8,708) 8,701 0 0 0 0
Conversion of Twenty-First Century Fox, Inc. investment (in shares)       354 266            
Ending Balance at Mar. 31, 2019 8,611     $ 4 $ 3 0 8,706 101 (214) 8,600 11
Ending Balance (in shares) at Mar. 31, 2019       354 266            
Beginning Balance at Dec. 31, 2018 10,406     $ 0 $ 0 10,596 0 0 (202) 10,394 12
Beginning Balance (in shares) at Dec. 31, 2018       0 0            
Net income 533     $ 0 $ 0 424 0 105 0 529 4
Other comprehensive income 2     0 0 0 0 0 2 2 0
Other (31)     $ 0 $ 0 (27) 5 (4) 0 (26) (5)
Other, shares       0 0            
Net decrease in Twenty-First Century Fox, Inc. investment (2,299)     $ 0 $ 0 (2,285) 0 0 (14) [3] (2,299) 0
Conversion of Twenty-First Century Fox, Inc. investment 0     $ 4 $ 3 (8,708) 8,701 0 0 0 0
Conversion of Twenty-First Century Fox, Inc. investment (in shares)       354 266            
Ending Balance at Mar. 31, 2019 8,611     $ 4 $ 3 0 8,706 101 (214) 8,600 11
Ending Balance (in shares) at Mar. 31, 2019       354 266            
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 901     $ 0 $ 0 0 0 877 0 877 24
Other comprehensive income 17     0 0 0 0 0 17 17 0
Dividends declared (282)     0 0 0 0 (282) 0 (282) 0
Shares repurchased $ (600) $ (72) $ (178) $ (1) $ 0 0 (273) (326) 0 (600) 0
Shares repurchased, shares (17) (2) (5) (12) (5)            
Other $ 139     $ 0 $ 0 0 192 (37) 0 155 (16)
Other, shares       1 0            
Ending Balance at Mar. 31, 2020 10,133     $ 3 $ 3 0 9,810 589 (291) 10,114 19
Ending Balance (in shares) at Mar. 31, 2020       343 261            
Beginning Balance at Dec. 31, 2019 10,353     $ 3 $ 3 0 9,849 775 (296) 10,334 19
Beginning Balance (in shares) at Dec. 31, 2019       347 264            
Net income 86     $ 0 $ 0 0 0 78 0 78 8
Other comprehensive income 5     0 0 0 0 0 5 5 0
Dividends declared (139)     0 0 0 0 (139) 0 (139) 0
Shares repurchased (173)     $ 0 $ 0 0 (79) (94) 0 (173) 0
Shares repurchased, shares       (4) (3)            
Other 1     $ 0 $ 0 0 40 (31) 0 9 (8)
Other, shares       0 0            
Ending Balance at Mar. 31, 2020 $ 10,133     $ 3 $ 3 $ 0 $ 9,810 $ 589 $ (291) $ 10,114 $ 19
Ending Balance (in shares) at Mar. 31, 2020       343 261            
[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 and postretirement 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).