Segment Information (Tables)

9 Months Ended

Mar. 31, 2022

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, 2022 and 2021:

	For the three months ended March 31,				For the nine months ended March 31,
	2022		2021		2022		2021
	(in millions)
Revenues
Cable Network Programming	$	1,583	$	1,471	$	4,637	$	4,284
Television	1,820		1,695		6,160		5,601
Other, Corporate and Eliminations	52		49		144		134
Total revenues	$	3,455	$	3,215	$	10,941	$	10,019
Segment EBITDA
Cable Network Programming	$	864	$	850	$	2,306	$	2,202
Television	35		135		121		407
Other, Corporate and Eliminations	(88)		(86)		(242)		(239)
Amortization of cable distribution investments	(5)		(6)		(14)		(17)
Depreciation and amortization	(92)		(78)		(264)		(216)
Impairment and restructuring charges	—		—		—		(35)
Interest expense, net	(91)		(98)		(285)		(293)
Other, net	(233)		61		(375)		752
Income before income tax expense	390		778		1,247		2,561
Income tax expense	(100)		(196)		(322)		(632)
Net income	290		582		925		1,929
Less: Net income attributable to noncontrolling interests	(7)		(15)		(26)		(32)
Net income attributable to Fox Corporation stockholders	$	283	$	567	$	899	$	1,897

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,
	2022		2021		2022		2021
	(in millions)
Cable Network Programming
Affiliate fee	$	1,097	$	1,068	$	3,162	$	2,969
Advertising	339		283		1,104		1,023
Other	147		120		371		292
Total Cable Network Programming revenues	1,583		1,471		4,637		4,284
Television
Advertising	969		915		3,742		3,426
Affiliate fee	700		651		1,990		1,801
Other	151		129		428		374
Total Television revenues	1,820		1,695		6,160		5,601
Other, Corporate and Eliminations	52		49		144		134
Total revenues	$	3,455	$	3,215	$	10,941	$	10,019

Reconciliation of Depreciation and Amortization from Segments to Consolidated

	For the three months ended March 31,				For the nine months ended March 31,
	2022		2021		2022		2021
	(in millions)
Depreciation and amortization
Cable Network Programming	$	16	$	16	$	43	$	41
Television	28		26		82		77
Other, Corporate and Eliminations	48		36		139		98
Total depreciation and amortization	$	92	$	78	$	264	$	216

Reconciliation of Assets from Segments to Consolidated

	As of March 31, 2022		As of June 30, 2021
	(in millions)
Assets
Cable Network Programming	$	2,638	$	2,577
Television	8,111		7,305
Other, Corporate and Eliminations	10,619		12,145
Investments	648		899
Total assets	$	22,016	$	22,926