Segment Information (Tables)

6 Months Ended

Dec. 31, 2021

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, 2021 and 2020:

	For the three months ended December 31,				For the six months ended December 31,
	2021		2020		2021		2020
	(in millions)
Revenues
Cable Network Programming	$	1,638	$	1,488	$	3,054	$	2,813
Television	2,759		2,556		4,340		3,906
Other, Corporate and Eliminations	44		43		92		85
Total revenues	$	4,441	$	4,087	$	7,486	$	6,804
Segment EBITDA
Cable Network Programming	$	668	$	571	$	1,442	$	1,352
Television	(273)		(185)		86		272
Other, Corporate and Eliminations	(85)		(81)		(154)		(153)
Amortization of cable distribution investments	(4)		(6)		(9)		(11)
Depreciation and amortization	(93)		(70)		(172)		(138)
Impairment and restructuring charges	—		—		—		(35)
Interest expense, net	(97)		(97)		(194)		(195)
Other, net	(211)		172		(142)		691
(Loss) income before income tax benefit (expense)	(95)		304		857		1,783
Income tax benefit (expense)	22		(74)		(222)		(436)
Net (loss) income	(73)		230		635		1,347
Less: Net income attributable to noncontrolling interests	(12)		(6)		(19)		(17)
Net (loss) income attributable to Fox Corporation stockholders	$	(85)	$	224	$	616	$	1,330

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,
	2021		2020		2021		2020
	(in millions)
Cable Network Programming
Affiliate fee	$	1,039	$	928	$	2,065	$	1,901
Advertising	454		441		765		740
Other	145		119		224		172
Total Cable Network Programming revenues	1,638		1,488		3,054		2,813
Television
Advertising	1,954		1,841		2,773		2,511
Affiliate fee	649		590		1,290		1,150
Other	156		125		277		245
Total Television revenues	2,759		2,556		4,340		3,906
Other, Corporate and Eliminations	44		43		92		85
Total revenues	$	4,441	$	4,087	$	7,486	$	6,804

Reconciliation of Depreciation and Amortization from Segments to Consolidated

	For the three months ended December 31,				For the six months ended December 31,
	2021		2020		2021		2020
	(in millions)
Depreciation and amortization
Cable Network Programming	$	17	$	12	$	27	$	25
Television	28		26		54		51
Other, Corporate and Eliminations	48		32		91		62
Total depreciation and amortization	$	93	$	70	$	172	$	138

Reconciliation of Assets from Segments to Consolidated

	As of December 31, 2021		As of June 30, 2021
	(in millions)
Assets
Cable Network Programming	$	2,623	$	2,577
Television	9,094		7,305
Other, Corporate and Eliminations	10,330		12,145
Investments	831		899
Total assets	$	22,878	$	22,926