Segment Information (Tables)

6 Months Ended

Dec. 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 six months ended December 31, 2020 and 2019:

	For the three months ended December 31,						For the six months ended December 31,
	2020			2019			2020			2019
	(in millions)
Revenues
Cable Network Programming	$	1,488		$	1,469		$	2,813		$	2,754
Television		2,556			2,266			3,906			3,622
Other, Corporate and Eliminations		43			43			85			69
Total revenues	$	4,087		$	3,778		$	6,804		$	6,445
Segment EBITDA
Cable Network Programming	$	571		$	556		$	1,352		$	1,240
Television		(185	)		(214	)		272			37
Other, Corporate and Eliminations		(81	)		(81	)		(153	)		(160	)
Amortization of cable distribution investments		(6	)		(5	)		(11	)		(14	)
Depreciation and amortization		(70	)		(57	)		(138	)		(107	)
Impairment and restructuring charges		-			-			(35	)		(9	)
Interest expense		(99	)		(90	)		(198	)		(180	)
Interest income		2			8			3			25
Other, net		172			302			691			287
Income before income tax expense		304			419			1,783			1,119
Income tax expense		(74	)		(105	)		(436	)		(292	)
Net income		230			314			1,347			827
Less: Net income attributable to noncontrolling interests		(6	)		(14	)		(17	)		(28	)
Net income attributable to Fox Corporation stockholders	$	224		$	300		$	1,330		$	799

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,
	2020		2019		2020		2019
	(in millions)
Cable Network Programming
Affiliate fee	$	928	$	957	$	1,901	$	1,896
Advertising		441		337		740		591
Other		119		175		172		267
Total Cable Network Programming revenues		1,488		1,469		2,813		2,754
Television
Advertising		1,841		1,673		2,511		2,460
Affiliate fee		590		479		1,150		934
Other		125		114		245		228
Total Television revenues		2,556		2,266		3,906		3,622
Other, Corporate and Eliminations		43		43		85		69
Total revenues	$	4,087	$	3,778	$	6,804	$	6,445

Reconciliation of Depreciation and Amortization from Segments to Consolidated

	For the three months ended December 31,				For the six months ended December 31,
	2020		2019		2020		2019
	(in millions)
Depreciation and amortization
Cable Network Programming	$	12	$	16	$	25	$	29
Television		26		14		51		29
Other, Corporate and Eliminations		32		27		62		49
Total depreciation and amortization	$	70	$	57	$	138	$	107

Reconciliation of Assets from Segments to Consolidated

	As of December 31, 2020		As of June 30, 2020
	(in millions)
Assets
Cable Network Programming	$	2,681	$	2,591
Television		8,140		7,054
Other, Corporate and Eliminations		10,927		11,487
Investments		1,006		618
Total assets	$	22,754	$	21,750