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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Dec. 31, 2023
Jun. 30, 2023
Current assets:    
Cash and cash equivalents $ 1,724 $ 1,833
Receivables, net 1,516 1,425
Inventory, net 297 311
Other current assets 466 484
Total current assets 4,003 4,053
Non-current assets:    
Investments 424 427
Property, plant and equipment, net 1,985 2,042
Operating lease right-of-use assets 1,007 1,036
Intangible assets, net 2,423 2,489
Goodwill 5,214 5,140
Deferred income tax assets, net 305 393
Other non-current assets 1,320 1,341
Total assets 16,681 16,921 Close
Current liabilities:    
Accounts payable 243 440
Accrued expenses 1,095 1,123
Deferred revenue 510 622
Current borrowings 58 27
Other current liabilities 878 953
Total current liabilities 2,784 3,165
Non-current liabilities:    
Borrowings 2,984 2,940
Retirement benefit obligations 136 134
Deferred income tax liabilities, net 129 163
Operating lease liabilities 1,090 1,128
Other non-current liabilities 456 446
Commitments and contingencies
Additional paid-in capital 11,334 11,449
Accumulated deficit (1,958) (2,144)
Accumulated other comprehensive loss (1,200) (1,247)
Total News Corporation stockholders’ equity 8,182 8,064
Noncontrolling interests 920 881 Close
Total equity 9,102 8,945 Close
Total liabilities and equity 16,681 16,921
Class A Common Stock    
Non-current liabilities:    
Common stock [1] 4 4
Class B Common Stock    
Non-current liabilities:    
Common stock [2] $ 2 $ 2
[1] Class A common stock, $0.01 par value per share (“Class A Common Stock”), 1,500,000,000 shares authorized, 380,210,295 and 379,945,907 shares issued and outstanding, net of 27,368,413 treasury shares at par, at December 31, 2023 and June 30, 2023, respectively.
[2] Class B common stock, $0.01 par value per share (“Class B Common Stock”), 750,000,000 shares authorized, 191,177,032 and 192,013,909 shares issued and outstanding, net of 78,430,424 treasury shares at par, at December 31, 2023 and June 30, 2023, respectively.