Earnings Per Share

12 Months Ended

Jun. 30, 2020

Earnings Per Share [Abstract]

Earnings Per Share

NOTE 18. EARNINGS PER SHARE

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

	For the years ended June 30,
	2020		2019		2018
	(in millions, except per share amounts)
Net income attributable to Fox Corporation stockholders	$	999	$	1,595	$	2,187
Weighted average shares - basic(a)		613		621		621
Shares issuable under equity-based compensation plans(b)		3		-		-
Weighted average shares - diluted(a)		616		621		621
Net income attributable to Fox Corporation stockholders per share - basic	$	1.63	$	2.57	$	3.52
Net income attributable to Fox Corporation stockholders per share - diluted	$	1.62	$	2.57	$	3.52

^{(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).}

^{(b) Weighted average common shares include the incremental shares that would be issued upon the assumed vesting of RSUs, PSUs and stock options if the effect is dilutive (See Note 12—Equity-Based Compensation).}