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UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Mar. 31, 2024
Mar. 31, 2023
Income Statement [Abstract]        
Revenues $ 3,447 $ 4,084 $ 10,888 $ 11,881
Operating expenses (2,050) (2,727) (7,305) (7,911)
Selling, general and administrative (510) (528) (1,485) (1,526)
Depreciation and amortization (98) (106) (291) (308)
Restructuring, impairment and other corporate matters (15) (893) (24) (1,015)
Interest expense, net (55) (55) (169) (183)
Non-operating other, net 242 174 39 293
Income (loss) before income tax (expense) benefit 961 (51) 1,653 1,231
Income tax (expense) benefit (257) 1 (419) (347)
Net income (loss) 704 (50) 1,234 884
Less: Net income attributable to noncontrolling interests [1] (38) (4) (52) (20)
Net income (loss) attributable to Fox Corporation stockholders $ 666 $ (54) $ 1,182 $ 864
Weighted average shares:        
Basic (in shares) 474 521 482 537
Diluted (in shares) 475 521 484 539
Net income (loss) attributable to Fox Corporation stockholders per share:        
Basic (in dollars per share) $ 1.41 $ (0.10) $ 2.45 $ 1.61
Diluted (in dollars per share) $ 1.40 $ (0.10) $ 2.44 $ 1.60
[1]
Net income attributable to noncontrolling interests includes $(1) million and $(4) million for the three months ended March 31, 2024 and 2023, respectively, and $(5) million and $(14) million for the nine months ended March 31, 2024 and 2023, respectively, relating to redeemable noncontrolling interests.