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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Mar. 31, 2024
Jun. 30, 2023
Current assets:    
Cash and cash equivalents $ 1,943 $ 1,833
Receivables, net 1,438 1,425
Inventory, net 331 311
Other current assets 416 484
Total current assets 4,128 4,053
Non-current assets:    
Investments 416 427
Property, plant and equipment, net 1,901 2,042
Operating lease right-of-use assets 974 1,036
Intangible assets, net 2,359 2,489
Goodwill 5,131 5,140
Deferred income tax assets, net 305 393
Other non-current assets 1,330 1,341
Total assets 16,544 16,921 CloseClose
Current liabilities:    
Accounts payable 269 440
Accrued expenses 1,238 1,123
Deferred revenue 549 622
Current borrowings 56 27
Other current liabilities 930 953
Total current liabilities 3,042 3,165
Non-current liabilities:    
Borrowings 2,844 2,940
Retirement benefit obligations 135 134
Deferred income tax liabilities, net 124 163
Operating lease liabilities 1,053 1,128
Other non-current liabilities 438 446
Commitments and contingencies
Additional paid-in capital 11,270 11,449
Accumulated deficit (1,933) (2,144)
Accumulated other comprehensive loss (1,292) (1,247)
Total News Corporation stockholders’ equity 8,051 8,064
Noncontrolling interests 857 881 Close
Total equity 8,908 8,945 CloseClose
Total liabilities and equity 16,544 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, 379,582,130 and 379,945,907 shares issued and outstanding, net of 27,368,413 treasury shares at par, at March 31, 2024 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, 190,867,055 and 192,013,909 shares issued and outstanding, net of 78,430,424 treasury shares at par, at March 31, 2024 and June 30, 2023, respectively.