Twenty-First Century Fox (TFCF) 10-Q 5 May 16 2016 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Mar. 31, 2016	Apr. 29, 2016
Document And Entity Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Mar. 31, 2016
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q3
Entity Registrant Name	TWENTY-FIRST CENTURY FOX, INC.
Entity Central Index Key	1,308,161
Current Fiscal Year End Date	--06-30
Entity Filer Category	Large Accelerated Filer
Class A Common Stock
Document And Entity Information [Line Items]
Trading Symbol	FOXA
Entity Common Stock, Shares Outstanding		1,095,725,970
Class B Common Stock
Document And Entity Information [Line Items]
Trading Symbol	FOX
Entity Common Stock, Shares Outstanding		798,520,953

UNAUDITED CONSOLIDATED STATEMEN

UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Millions, $ in Millions		3 Months Ended		9 Months Ended
		Mar. 31, 2016	Mar. 31, 2015	Mar. 31, 2016	Mar. 31, 2015
Income Statement [Abstract]
Revenues		$ 7,228	$ 6,840	$ 20,680	$ 22,782
Operating expenses		(4,472)	(4,357)	(12,902)	(14,775)
Selling, general and administrative		(893)	(823)	(2,685)	(2,890)
Depreciation and amortization		(133)	(124)	(391)	(601)
Equity (losses) earnings of affiliates		(9)	330	38	959
Interest expense, net		(295)	(292)	(888)	(907)
Interest income		12	8	28	31
Other, net		(47)	(67)	(272)	5,008
Income from continuing operations before income tax expense		1,391	1,515	3,608	9,607
Income tax expense		(463)	(458)	(1,190)	(1,150)
Income from continuing operations		928	1,057	2,418	8,457
Loss from discontinued operations, net of tax		(3)	(15)	(8)	(38)
Net income		925	1,042	2,410	8,419
Less: Net income attributable to noncontrolling interests	[1]	(84)	(67)	(222)	(200)
Net income attributable to Twenty-First Century Fox, Inc. stockholders		841	975	2,188	8,219
Earnings per share data
Income from continuing operations attributable to Twenty-First Century Fox, Inc. stockholders - basic and diluted		$ 844	$ 990	$ 2,196	$ 8,257
Weighted average shares:
Basic		1,916	2,111	1,961	2,151
Diluted		1,916	2,113	1,962	2,153
Income from continuing operations attributable to Twenty-First Century Fox, Inc. stockholders per share - basic and diluted		$ 0.44	$ 0.47	$ 1.12	$ 3.84
Net income attributable to Twenty-First Century Fox, Inc. stockholders per share - basic and diluted		$ 0.44	$ 0.46	$ 1.12	$ 3.82
[1]	Net income attributable to noncontrolling interests includes $36 million and $30 million for the three months ended March 31, 2016 and 2015, respectively, and $96 million and $83 million for the nine months ended March 31, 2016 and 2015, respectively, relating to redeemable noncontrolling interests.

UNAUDITED CONSOLIDATED STATEME3

UNAUDITED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Millions		3 Months Ended		9 Months Ended
		Mar. 31, 2016	Mar. 31, 2015	Mar. 31, 2016	Mar. 31, 2015
Net income		$ 925	$ 1,042	$ 2,410	$ 8,419
Other comprehensive income (loss), net of tax:
Foreign currency translation adjustments		77	(378)	(298)	(1,990)
Unrealized holding losses on securities		0	(1)	(4)	(58)
Benefit plan adjustments		5	7	15	21
Other comprehensive income (loss), net of tax		74	(372)	(295)	(2,027)
Comprehensive income		999	670	2,115	6,392
Less: Net income attributable to noncontrolling interests	[1]	(84)	(67)	(222)	(200)
Less: Other comprehensive loss attributable to noncontrolling interests					214
Comprehensive income attributable to Twenty-First Century Fox, Inc. stockholders		915	$ 603	1,893	$ 6,406
Interest Rate Swap Contracts
Other comprehensive income (loss), net of tax:
Losses on interest rate swap contracts		$ (8)		$ (8)
[1]	Net income attributable to noncontrolling interests includes $36 million and $30 million for the three months ended March 31, 2016 and 2015, respectively, and $96 million and $83 million for the nine months ended March 31, 2016 and 2015, respectively, relating to redeemable noncontrolling interests.

UNAUDITED CONSOLIDATED STATEME4

UNAUDITED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Parenthetical) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Mar. 31, 2016	Mar. 31, 2015
Statement Of Income And Comprehensive Income [Abstract]
Net income attributable to redeemable noncontrolling interests	$ 36	$ 30	$ 96	$ 83

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions		Mar. 31, 2016	Jun. 30, 2015
Current assets:
Cash and cash equivalents		$ 4,993	$ 8,428
Receivables, net		6,756	5,912
Inventories, net	[1]	3,522	2,749
Other		349	287
Total current assets		15,620	17,376
Non-current assets:
Receivables, net		461	394
Investments		4,155	4,529
Inventories, net		7,108	6,411
Property, plant and equipment, net		1,660	1,722
Intangible assets, net		6,707	6,320
Goodwill		12,732	12,513
Other non-current assets		805	786
Total assets		49,248	50,051
Current liabilities:
Borrowings		475	244
Accounts payable, accrued expenses and other current liabilities		3,828	3,937
Participations, residuals and royalties payable		1,856	1,632
Program rights payable		1,519	1,001
Deferred revenue		598	448
Total current liabilities		8,276	7,262
Non-current liabilities:
Borrowings		19,270	18,795
Other liabilities		3,226	3,105
Deferred income taxes		2,415	2,082
Redeemable noncontrolling interests		$ 511	$ 621
Commitments and contingencies
Equity:
Additional paid-in capital		$ 12,503	$ 13,427
Retained earnings		3,814	5,343
Accumulated other comprehensive loss		(1,865)	(1,570)
Total Twenty-First Century Fox, Inc. stockholders' equity		14,471	17,220
Noncontrolling interests		1,079	966
Total equity		15,550	18,186
Total liabilities and equity		49,248	50,051
Class A Common Stock
Equity:
Common stock	[2]	11	12
Class B Common Stock
Equity:
Common stock	[3]	$ 8	$ 8
[1]	Current portion of inventories, net as of March 31, 2016 and June 30, 2015 was comprised of programming rights ($3,444 million and $2,682 million, respectively), DVDs, Blu-rays and other merchandise.
[2]	Class A common stock, $0.01 par value per share, 6,000,000,000 shares authorized, 1,104,848,261 shares and 1,239,971,838 shares issued and outstanding, net of 123,687,371 treasury shares at par as of March 31, 2016 and June 30, 2015, respectively.
[3]	Class B common stock, $0.01 par value per share, 3,000,000,000 shares authorized, 798,520,953 shares issued and outstanding, net of 356,993,807 treasury shares at par as of March 31, 2016 and June 30, 2015.

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Mar. 31, 2016	Jun. 30, 2015
Class A Common Stock
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	6,000,000,000	6,000,000,000
Common stock, shares issued and outstanding net of treasury stock	1,104,848,261	1,239,971,838
Common stock, treasury shares	123,687,371	123,687,371
Class B Common Stock
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	3,000,000,000	3,000,000,000
Common stock, shares issued and outstanding net of treasury stock	798,520,953	798,520,953
Common stock, treasury shares	356,993,807	356,993,807

UNAUDITED CONSOLIDATED STATEME7

UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Millions		9 Months Ended
		Mar. 31, 2016	Mar. 31, 2015
Operating activities:
Net income		$ 2,410	$ 8,419
Less: Loss from discontinued operations, net of tax		(8)	(38)
Income from continuing operations		2,418	8,457
Adjustments to reconcile income from continuing operations to cash provided by operating activities:
Depreciation and amortization		391	601
Amortization of cable distribution investments		53	61
Equity-based compensation		152	80
Equity earnings of affiliates		(38)	(959)
Cash distributions received from affiliates		225	223
Other, net		272	(5,008)
Deferred income taxes and other taxes		373	204
Change in operating assets and liabilities, net of acquisitions and dispositions:
Receivables and other assets		(866)	(550)
Inventories net of program rights payable		(814)	(657)
Accounts payable and other liabilities		266	171
Net cash provided by operating activities from continuing operations		2,012	2,623
Investing activities:
Property, plant and equipment		(156)	(320)
Acquisitions, net of cash acquired		(908)	(142)
Investments in equity affiliates		(87)	(1,108)
Other investments		(229)	(53)
Proceeds from dispositions, net			8,610
Net cash (used in) provided by investing activities from continuing operations		(1,380)	6,987
Financing activities:
Borrowings		1,195	2,534
Repayment of borrowings		(502)	(2,174)
Excess tax benefit from equity-based compensation		11	49
Repurchase of shares		(3,958)	(4,784)
Dividends paid and distributions		(465)	(494)
Purchase of subsidiary shares from noncontrolling interests		(287)	(650)
Net cash used in financing activities from continuing operations		(4,006)	(5,519)
Net decrease in cash and cash equivalents from discontinued operations		(15)	(38)
Net (decrease) increase in cash and cash equivalents		(3,389)	4,053
Cash and cash equivalents, beginning of year		8,428	5,415
Exchange movement on cash balances		(46)	(192)
Cash and cash equivalents, end of period		4,993	$ 9,276
CLT20
Adjustments to reconcile income from continuing operations to cash provided by operating activities:
CLT20 contract termination costs	[1]	$ (420)
[1]	See Note 12 – Additional Financial Information

Basis of Presentation

Basis of Presentation	9 Months Ended
	Mar. 31, 2016
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Basis of Presentation	NOTE 1. BASIS OF PRESENTATION Twenty-First Century Fox, Inc., a Delaware corporation, and its subsidiaries (together, “Twenty-First Century Fox” or the “Company”) is a diversified global media and entertainment company, which currently manages and reports its businesses in the following segments: Cable Network Programming, Television, Filmed Entertainment and Other, Corporate and Eliminations. In addition, the Direct Broadcast Satellite Television (“DBS”) segment consisted of the distribution of programming services via satellite, cable and broadband directly to subscribers in Italy, Germany and Austria. The DBS segment consisted entirely of the operations of Sky Italia and Sky Deutschland AG (“Sky Deutschland”) (collectively the “DBS businesses”). On November 12, 2014, Twenty-First Century Fox completed the sale of Sky Italia and its 57% interest in Sky Deutschland to Sky plc (“Sky”). Sky is a pan-European digital television provider, which operates in Italy, Germany, Austria, the United Kingdom and Ireland. Following the sale of the DBS businesses, the Company continues to report in five segments for comparative purposes, and there is no current activity in the DBS segment. The accompanying Unaudited Consolidated Financial Statements of the Company have been prepared in accordance with U.S. generally accepted accounting principles (“GAAP”) for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X. In the opinion of management, all adjustments consisting only of normal recurring adjustments necessary for a fair presentation have been reflected in these Unaudited Consolidated Financial Statements. Operating results for the interim periods presented are not necessarily indicative of the results that may be expected for the fiscal year ending June 30, 2016. These interim Unaudited Consolidated Financial Statements and notes thereto should be read in conjunction with the audited consolidated financial statements and notes thereto included in the Company’s Annual Report on Form 10-K for the fiscal year ended June 30, 2015 as filed with the Securities and Exchange Commission (“SEC”) on August 13, 2015 (the “2015 Form 10-K”). The Unaudited Consolidated Financial Statements include the accounts of Twenty-First Century Fox. All significant intercompany accounts and transactions have been eliminated in consolidation, including the intercompany portion of transactions with equity method investees Investments in and advances to equity or joint ventures in which the Company has significant influence, but less than a controlling voting interest, are accounted for using the equity method. Investments in which the Company has no significant influence are designated as available-for-sale investments if readily determinable market values are available. If an investment’s fair value is not readily determinable, the Company accounts for its investment at cost. The preparation of the Company’s consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts that are reported in the consolidated financial statements and accompanying disclosures. Actual results could differ from those estimates. Certain fiscal 2015 amounts have been reclassified to conform to the fiscal 2016 presentation. Unless indicated otherwise, the information in the notes to the Unaudited Consolidated Financial Statements relate to the Company’s continuing operations. Recently Adopted and Recently Issued Accounting Guidance Adopted In April 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2014-08, “Presentation of Financial Statements (Topic 205) and Property, Plant and Equipment (Topic 360)” (“ASU 2014-08”). The amendments in ASU 2014-08 provide guidance for the recognition of discontinued operations, change the requirements for reporting discontinued operations in Accounting Standards Codification (“ASC”) 205-20, “Discontinued Operations” (“ASC 205-20”) and require additional disclosures about discontinued operations. ASU 2014-08 is effective on a prospective basis for the Company for annual and interim reporting periods beginning July 1, 2015. Certain disposals that occurred in the past were not reported as discontinued operations as they did not meet the criteria under the superseded accounting guidance. Such disposals would have met the criteria to be reported as discontinued operations in accordance with ASU 2014-08. Issued In September 2015, the FASB issued ASU 2015-16, “Business Combinations (Topic 805): Simplifying the Accounting for Measurement-Period Adjustments” (“ASU 2015-16”). The amendments in ASU 2015-16 require that an acquirer recognize adjustments to provisional amounts, that are identified during the measurement period, in the reporting period in which the adjustment amounts are determined. ASU 2015-16 will be effective for the Company for annual and interim reporting periods beginning July 1, 2016. The Company is currently evaluating the impact ASU 2015-16 will have on its consolidated financial statements. In November 2015, the FASB issued ASU 2015-17, “Income Taxes (Topic 740): Balance Sheet Classification of Deferred Taxes” (“ASU 2015-17”). The amendments in ASU 2015-17 require that tax liabilities and assets be classified as noncurrent in a classified statement of financial position. ASU 2015-17 will be effective for the Company for annual and interim reporting periods beginning July 1, 2017. In January 2016, the FASB issued ASU 2016-01, “Financial Instruments––Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities” (“ASU 2016-01”). The amendments in ASU 2016-01 address certain aspects of recognition, measurement, presentation and disclosure of financial instruments. ASU 2016-01 will be effective for the Company for annual and interim reporting periods beginning July 1, 2018. The Company is currently evaluating the impact ASU 2016-01 will have on its consolidated financial statements. In February 2016, the FASB issued ASU 2016-02, “Leases (Topic 842)” (“ASU 2016-02”). The amendments in ASU 2016-02 require recognition of lease assets and liabilities on the balance sheet and disclosure of key information about leasing arrangements. ASU 2016-02 will be effective for the Company for annual and interim reporting periods beginning July 1, 2019. The Company is currently evaluating the impact ASU 2016-02 will have on its consolidated financial statements. In March 2016, the FASB issued ASU 2016-09, “Compensation—Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting” (“ASU 2016-09”). The amendments in ASU 2016-09 simplify the accounting regarding income tax consequences, classification of awards as either equity or liabilities and classification on the statement of cash flows. ASU 2016-09 will be effective for the Company for annual and interim reporting periods beginning July 1, 2017. The Company is currently evaluating the impact ASU 2016-09 will have on its consolidated financial statements.

Acquisitions, Disposals and Oth

Acquisitions, Disposals and Other Transactions	9 Months Ended
	Mar. 31, 2016
Acquisitions Disposals And Other Transactions [Abstract]
Acquisitions, Disposals and Other Transactions	NOTE 2. ACQUISITIONS, DISPOSALS AND OTHER TRANSACTIONS The Company’s acquisitions support the Company’s strategic priority of increasing its brand presence and reach in key domestic and international markets and acquiring greater control of investments that complement its portfolio of businesses. For recent acquisitions, the accounting for the business combination, including consideration transferred, is based on provisional amounts and the allocation of the excess purchase price is not final. The amounts allocated to intangibles and goodwill, the estimates of useful lives and the related amortization expense are subject to changes pending the completion of the final valuations of certain assets and liabilities. A change in the purchase price allocations and any estimates of useful lives could result in a change in the value allocated to the intangible assets that could impact future amortization expense. Fiscal 2016 Acquisitions National Geographic Partners In fiscal 2016, the Company, through 21st Century Fox America, Inc. (“21CFA”), a wholly-owned subsidiary of the Company, and the National Geographic Society (“NGS”), formed the entity that became National Geographic Partners, LLC (“National Geographic Partners”), to which, in November 2015, the Company contributed $625 million in cash and the Company and NGS contributed their existing interests in NGC Network US, LLC, NGC Network International, LLC and NGC Network Latin America, LLC (collectively “NGC Networks”). Prior to the transaction, the Company held a controlling interest in NGC Networks, a consolidated subsidiary. NGS also contributed its publishing, travel and certain other businesses (collectively the “NGS Media Business”) to National Geographic Partners. As part of the transaction, National Geographic Partners also acquired the long-term license for the use of certain trademarks owned by NGS related to the NGC Networks and the NGS Media Business. The Company currently holds a 73% controlling interest in National Geographic Partners. The cash paid to NGS of $625 million has been preliminarily allocated as follows: approximately $130 million to certain intangible assets, with useful lives of five years, and other net assets of the NGS Media Business, approximately $440 million to indefinite-lived intangible assets related to the trademark license agreement and approximately $55 million to the increase in the Company’s interest in National Geographic Partners. MAA Television Network In December 2015, the Company acquired the entirety of the broadcast business of MAA Television Network Limited (“MAA TV”), an entity in India that broadcasts and operates Telugu language entertainment channels, for approximately $346 million in cash including payments toward non-compete agreements. The excess purchase price of approximately $285 million has been preliminarily allocated, based on a provisional valuation of MAA TV, as follows: approximately $75 million to intangible assets consisting of multi-channel video programming distributor affiliate agreements and relationships with useful lives of 12 years, advertiser relationships with useful lives of nine years and the MAA TV trade name with a useful life of 10 years; and the balance of the excess representing the goodwill on the transaction included in the Cable Network Programming segment. The goodwill is tax deductible and reflects the synergies and increased market penetration expected from combining the operations of MAA TV and the Company. Other In February 2016, the Company acquired the 7% interest it did not already own in a regional sports network for $225 million in cash. As a result of this transaction, the Company now owns 100% of the regional sports network. This transaction was accounted for as the purchase of subsidiary shares from noncontrolling interests (See Note 6 – Fair Value under the heading “Redeemable Noncontrolling Interests”). Fiscal 2015 Acquisitions trueX media inc. In February 2015, the Company acquired trueX media inc. (“true[X]”), a video advertising company specializing in consumer engagement and on-demand marketing campaigns, for a total purchase price of approximately $175 million in cash including deferred payments which are subject to the achievement of service and performance conditions. The excess purchase price of approximately $125 million has been allocated as follows: approximately $25 million to intangible assets and the balance of the excess representing the goodwill on the transaction and other net assets. The goodwill reflects the synergies and increased market penetration expected from combining the operations of true[X] and the Company. For fiscal 2016 and 2015, as applicable, the incremental revenues and Segment OIBDA (as defined in Note 11 – Segment Information) related to the acquisitions above included in the Company’s consolidated results of operations were not material individually or in the aggregate.

Receivables, Net

Receivables, Net	9 Months Ended
	Mar. 31, 2016
Receivables [Abstract]
Receivables, Net	NOTE 3. RECEIVABLES, NET Receivables are presented net of an allowance for returns and doubtful accounts, which is an estimate of amounts that may not be collectible. Receivables, net consist of: As of March 31, 2016 As of June 30, 2015 (in millions) Total receivables $ 7,834 $ 6,812 Allowances for returns and doubtful accounts (617 ) (506 ) Total receivables, net 7,217 6,306 Less: current receivables, net (6,756 ) (5,912 ) Non-current receivables, net $ 461 $ 394

Inventories, Net

Inventories, Net	9 Months Ended
	Mar. 31, 2016
Inventory Disclosure [Abstract]
Inventories, Net	NOTE 4. INVENTORIES, NET The Company’s inventories were comprised of the following: As of March 31, 2016 As of June 30, 2015 (in millions) Programming rights $ 6,510 $ 5,496 DVDs, Blu-rays and other merchandise 78 67 Filmed entertainment costs: Films: Released 1,193 1,094 Completed, not released 6 27 In production 1,099 1,170 In development or preproduction 253 185 2,551 2,476 Television productions: Released 1,000 868 In production 491 252 In development or preproduction - 1 1,491 1,121 Total filmed entertainment costs, less accumulated amortization (a) 4,042 3,597 Total inventories, net 10,630 9,160 Less: current portion of inventories, net (b) (3,522 ) (2,749 ) Total non-current inventories, net $ 7,108 $ 6,411 (a) Does not include $280 million and $304 million of net intangible film library costs as of March 31, 2016 and June 30, 2015, respectively, which were included in intangible assets subject to amortization in the Consolidated Balance Sheets. (b) Current portion of inventories, net as of March 31, 2016 and June 30, 2015 was comprised of programming rights ($3,444 million and $2,682 million, respectively), DVDs, Blu-rays and other merchandise.

Investments

Investments	9 Months Ended
	Mar. 31, 2016
Investments [Abstract]
Investments	NOTE 5. INVESTMENTS The Company’s investments were comprised of the following: Ownership percentage as of March 31, 2016 As of March 31, 2016 As of June 30, 2015 (in millions) Sky (a)(b) European DBS operator 39% $ 3,150 $ 3,382 Endemol Shine Group (b) Global multi-platform content provider 50% 588 706 Other investments various 417 441 Total investments $ 4,155 $ 4,529 (a) The Company’s investment in Sky had a market value of $9.9 billion as of March 31, 2016 determined using its quoted market price on the London Stock Exchange (a Level 1 measurement as defined in Note 6 – Fair Value). (b) Equity method investment. Sky In July 2014, the Company participated in Sky’s equity offering by purchasing approximately $900 million of additional shares in Sky and maintained the Company’s 39% ownership interest. The Company received dividends of approximately $210 million from Sky for the nine months ended March 31, 2016 and 2015. Included in Equity earnings of affiliates in the Unaudited Consolidated Statements of Operations for the three months ended March 31, 2015 were the Company’s proportionate share of approximately $350 million of Sky’s gains related to the sale of its investment in Sky Betting & Gaming (“Sky Bet”) and for the nine months ended March 31, 2015 were the Company’s proportionate share of approximately $830 million of Sky’s gains related to the sale of its investments in NGC Network International, LLC and NGC Network Latin America, LLC (collectively “NGC International”), Sky Bet and ITV plc. Other During the nine months ended March 31, 2016, the Company invested approximately $160 million in cash for a minority equity interest in DraftKings, Inc. (“DraftKings”), a leading operator of online fantasy games and contests. The Company accounts for this investment at cost. During the nine months ended March 31, 2016, based on information concerning DraftKings’ current valuation in a financing transaction, the Company determined that a portion of its investment in DraftKings was impaired and reduced the carrying value by approximately $95 million as reflected in Other, net in the Unaudited Consolidated Statements of Operations for the nine months ended March 31, 2016.

Fair Value

Fair Value	9 Months Ended
	Mar. 31, 2016
Fair Value Disclosures [Abstract]
Fair Value	NOTE 6. FAIR VALUE In accordance with ASC 820, “Fair Value Measurement,” fair value measurements are required to be disclosed using a three-tiered fair value hierarchy which distinguishes market participant assumptions into the following categories: (i) inputs that are quoted prices in active markets (“Level 1”); (ii) inputs other than quoted prices included within Level 1 that are observable, including quoted prices for similar assets or liabilities (“Level 2”); and (iii) inputs that require the entity to use its own assumptions about market participant assumptions (“Level 3”). The tables below present information about financial assets and liabilities carried at fair value on a recurring basis: Fair value measurements As of March 31, 2016 Description Total Quoted prices in active markets for identical instruments (Level 1) Significant other observable inputs (Level 2) Significant unobservable inputs (Level 3) (in millions) Assets Derivatives (a) $ 12 $ - $ 12 $ - Liabilities Derivatives (a) (38 ) - (38 ) - Contingent consideration (b) (114 ) - - (114 ) Redeemable noncontrolling interests (511 ) - - (511 ) Total $ (651 ) $ - $ (26 ) $ (625 ) As of June 30, 2015 Description Total Quoted prices in active markets for identical instruments (Level 1) Significant other observable inputs (Level 2) Significant unobservable inputs (Level 3) (in millions) Assets Investments (c) $ 18 $ 18 $ - $ - Derivatives (a) 4 - 4 - Liabilities Derivatives (a) (34 ) - (34 ) - Contingent consideration (b) (114 ) - - (114 ) Redeemable noncontrolling interests (621 ) - - (621 ) Total $ (747 ) $ 18 $ (30 ) $ (735 ) (a) Represents derivatives associated with the Company’s foreign currency forward contracts and interest rate swap contracts. (b) Represents contingent consideration related to the acquisitions of Eredivisie Media & Marketing and SportsTime Ohio in fiscal 2013. (c ) Available-for-sale securities. Redeemable Noncontrolling Interests The Company accounts for redeemable noncontrolling interests in accordance with ASC 480-10-S99-3A, “Distinguishing Liabilities from Equity” (“ASC 480-10-S99-3A”), because their exercise is outside the control of the Company. The redeemable noncontrolling interests recorded at fair value are put arrangements held by the noncontrolling interests in certain of the Company’s majority-owned sports networks. The Company utilizes the market, income or cost approaches or a combination of these valuation techniques for its Level 3 fair value measures, using observable inputs such as market data obtained from independent sources. To the extent observable inputs are not available, the Company utilizes unobservable inputs based upon the assumptions market participants would use in valuing the asset (liability). One minority shareholder’s put right will become exercisable in March 2017. The remaining redeemable noncontrolling interests are currently not exercisable. The changes in redeemable noncontrolling interests classified as Level 3 measurements were as follows: For the three months ended March 31, For the nine months ended March 31, 2016 2015 2016 2015 (in millions) Beginning of period $ (617 ) $ (547 ) $ (621 ) $ (541 ) Net income (36 ) (30 ) (96 ) (83 ) Issuances (73 ) (75 ) (73 ) (75 ) Repurchases (a) 225 - 225 - Distributions and other (10 ) 14 54 61 End of period $ (511 ) $ (638 ) $ (511 ) $ (638 ) (a) See Note 2 – Acquisitions, Disposals and Other Transactions under the heading “Other”. Financial Instruments The carrying value of the Company’s financial instruments, such as cash and cash equivalents, receivables, payables and cost method investments, approximates fair value. As of March 31, 2016, the carrying value of the Company’s investment in DraftKings approximates its fair value, a Level 3 measurement (See Note 5 – Investments under the heading “Other”). As of March 31, 2016 As of June 30, 2015 (in millions) Borrowings Fair value $ 23,140 $ 21,998 Carrying value $ 19,745 $ 19,039 Fair value is generally determined by reference to market values resulting from trading on a national securities exchange or in an over-the-counter market (a Level 1 measurement). Foreign Currency Forward Contracts The Company uses foreign currency forward contracts primarily to hedge certain exposures to foreign currency exchange rate risks associated with revenues, the cost of producing or acquiring films and television programming as well as its investment in certain foreign operations and equity method investments. As of March 31, 2016 As of June 30, 2015 (in millions) Cash flow hedges Notional amount $ 858 $ 903 Fair value $ (9 ) $ (13 ) As of March 31, 2016 As of June 30, 2015 (in millions) Net investment hedges Notional amount $ - $ 198 Fair value $ - $ (13 ) As of March 31, 2016 As of June 30, 2015 (in millions) Economic hedges Notional amount $ 45 $ - Fair value $ (1 ) $ - Interest Rate Swap Contracts The Company uses interest rate swap contracts to hedge certain exposures to interest rate risks associated with certain borrowings. As of March 31, 2016 As of June 30, 2015 (in millions) Cash flow hedges Notional amount $ 706 $ 723 Fair value $ (16 ) $ (4 ) As of March 31, 2016 As of June 30, 2015 (in millions) Economic hedges Notional amount $ - $ 255 Fair value $ - $ - Unrealized (losses) gains on hedging activity, before tax, of $(41) million and $(10) million for the three months ended March 31, 2016 and 2015, respectively, and $(13) million and $121 million for the nine months ended March 31, 2016 and 2015, respectively, are included in other comprehensive income (loss). For foreign currency forward contracts designated as cash flow hedges, the Company expects to reclassify the cumulative changes in fair values, included in Accumulated other comprehensive loss, within the next three years. For interest rate swap contracts designated as cash flow hedges, the Company expects to reclassify the cumulative changes in fair values, included in Accumulated other comprehensive loss, within the next four years. Concentrations of Credit Risk Cash and cash equivalents are maintained with several financial institutions. The Company has deposits held with banks that exceed the amount of insurance provided on such deposits. Generally, these deposits may be redeemed upon demand and are maintained with financial institutions of reputable credit and, therefore, bear minimal credit risk. The Company’s receivables did not represent significant concentrations of credit risk as of March 31, 2016 or June 30, 2015 due to the wide variety of customers, markets and geographic areas to which the Company’s products and services are sold. The Company monitors its positions with, and the credit quality of, the financial institutions which are counterparties to its financial instruments. The Company is exposed to credit loss in the event of nonperformance by the counterparties to the agreements. As of March 31, 2016, the Company did not anticipate nonperformance by any of the counterparties.

Borrowings

Borrowings	9 Months Ended
	Mar. 31, 2016
Debt Disclosure [Abstract]
Borrowings	NOTE 7. BORROWINGS Borrowings include bank loans and public debt. Senior Notes Issued In October 2015, 21CFA issued $600 million of 3.70% Senior Notes due 2025 and $400 million of 4.95% Senior Notes due 2045. The net proceeds of $987 million were used for general corporate purposes. Senior Notes Retired In October 2015, the Company retired $200 million of 7.60% Senior Notes. Current Borrowings Included in Borrowings within Current liabilities as of March 31, 2016 was $400 million of 8.00% Senior Notes that are due in October 2016 and principal payments on the Yankees Entertainment and Sports Network term loan facility of $75 million that are due in the next 12 months.

Stockholders' Equity

Stockholders' Equity	9 Months Ended
	Mar. 31, 2016
Stockholders Equity Note [Abstract]
Stockholders' Equity	NOTE 8. STOCKHOLDERS’ EQUITY The following tables summarize changes in stockholders’ equity: For the three months ended March 31, 2016 For the nine months ended March 31, 2016 Twenty-First Century Fox stockholders Noncontrolling interests Total equity Twenty-First Century Fox stockholders Noncontrolling interests Total equity (in millions) Balance, beginning of period $ 14,504 $ 991 $ 15,495 $ 17,220 $ 966 $ 18,186 Net income 841 48 (a) 889 2,188 126 (a) 2,314 Other comprehensive income (loss) 74 - 74 (295 ) - (295 ) Cancellation of shares, net (740 ) - (740 ) (3,897 ) - (3,897 ) Dividends declared (287 ) - (287 ) (586 ) - (586 ) Other 79 40 (b) 119 (159 ) (13 ) (b) (172 ) Balance, end of period $ 14,471 $ 1,079 $ 15,550 $ 14,471 $ 1,079 $ 15,550 For the three months ended March 31, 2015 For the nine months ended March 31, 2015 Twenty-First Century Fox stockholders Noncontrolling interests Total equity Twenty-First Century Fox stockholders Noncontrolling interests Total equity (in millions) Balance, beginning of period $ 19,813 $ 975 $ 20,788 $ 17,418 $ 3,483 $ 20,901 Net income 975 37 (a) 1,012 8,219 117 (a) 8,336 Other comprehensive loss (372 ) - (372 ) (1,813 ) (214 ) (2,027 ) Cancellation of shares, net (2,046 ) - (2,046 ) (4,592 ) - (4,592 ) Dividends declared (313 ) - (313 ) (586 ) - (586 ) Purchase of noncontrolling interests (c) - - - (522 ) (128 ) (650 ) Dispositions (d) - - - - (2,130 ) (2,130 ) Other (68 ) (26 ) (b) (94 ) (135 ) (142 ) (b) (277 ) - Balance, end of period $ 17,989 $ 986 $ 18,975 $ 17,989 $ 986 $ 18,975 (a) Net income attributable to noncontrolling interests excludes $36 million and $30 million for the three months ended March 31, 2016 and 2015, respectively, and $96 million and $83 million for the nine months ended March 31, 2016 and 2015, respectively, relating to redeemable noncontrolling interests which are reflected in temporary equity. (b) Other activity attributable to noncontrolling interests excludes $(142) million and $61 million for the three months ended March 31, 2016 and 2015, respectively, and $(206) million and $14 million for the nine months ended March 31, 2016 and 2015, respectively, relating to redeemable noncontrolling interests. (c) Represents the increase in ownership of NGC International (See Note 3 – Acquisitions, Disposals and Other Transactions in the 2015 Form 10-K under the heading “Sky Italia and Sky Deutschland”). (d) Represents the noncontrolling interest in Sky Deutschland (See Note 3 – Acquisitions, Disposals and Other Transactions in the 2015 Form 10-K under the heading “Sky Italia and Sky Deutschland”). Comprehensive Income Comprehensive income is reported in the Unaudited Consolidated Statements of Comprehensive Income and consists of Net income and Other comprehensive income (loss), including foreign currency translation adjustments, losses on interest rate swap contracts, unrealized holding gains and losses on securities and benefit plan adjustments, which affect stockholders’ equity, and under GAAP, are excluded from Net income. The following tables summarize the activity within Other comprehensive income (loss): For the three months ended March 31, 2016 For the nine months ended March 31, 2016 Before tax Tax (provision) benefit Net of tax Before tax Tax (provision) benefit Net of tax (in millions) Foreign currency translation adjustments Unrealized gains (losses) $ 71 $ 1 $ 72 $ (279 ) $ (23 ) $ (302 ) Amount reclassified on hedging activity (a) 9 (4 ) 5 7 (3 ) 4 Other comprehensive income (loss) $ 80 $ (3 ) $ 77 $ (272 ) $ (26 ) $ (298 ) Losses on interest rate swap contracts Unrealized losses $ (13 ) $ 5 $ (8 ) $ (19 ) $ 7 $ (12 ) Amount reclassified on hedging activity (a) 2 (2 ) - 7 (3 ) 4 Other comprehensive loss $ (11 ) $ 3 $ (8 ) $ (12 ) $ 4 $ (8 ) Losses on securities Amount reclassified on sale of securities (b) $ - $ - $ - $ (7 ) $ 3 $ (4 ) - Other comprehensive loss $ - $ - $ - $ (7 ) $ 3 $ (4 ) Benefit plan adjustments Unrealized losses $ - $ - $ - $ (2 ) $ - $ (2 ) Reclassification adjustments realized in net income (c) 9 (4 ) 5 26 (9 ) 17 Other comprehensive income $ 9 $ (4 ) $ 5 $ 24 $ (9 ) $ 15 For the three months ended March 31, 2015 For the nine months ended March 31, 2015 Before tax Tax (provision) benefit Net of tax Before tax Tax (provision) benefit Net of tax (in millions) Foreign currency translation adjustments Unrealized losses $ (452 ) $ 71 $ (381 ) $ (1,870 ) $ 260 $ (1,610 ) Amount reclassified on hedging activity (a) 4 (1 ) 3 (126 ) (1 ) (127 ) Amount reclassified on dispositions (b) - - - (253 ) - (253 ) Other comprehensive loss $ (448 ) $ 70 $ (378 ) $ (2,249 ) $ 259 $ (1,990 ) Gains and losses on securities Unrealized (losses) gains $ (1 ) $ - $ (1 ) $ 236 $ (83 ) $ 153 Amount reclassified on sale of securities (b) - - - (325 ) 114 (211 ) Other comprehensive loss $ (1 ) $ - $ (1 ) $ (89 ) $ 31 $ (58 ) Benefit plan adjustments Reclassification adjustments realized in net income (c) $ 10 $ (3 ) $ 7 $ 32 $ (11 ) $ 21 Other comprehensive income $ 10 $ (3 ) $ 7 $ 32 $ (11 ) $ 21 (a) Reclassifications of amounts related to hedging activity are included in Revenues, Operating expenses, Selling, general and administrative expenses, Interest expense, net or Other, net, as appropriate, in the Unaudited Consolidated Statements of Operations for the three and nine months ended March 31, 2016 and 2015 (See Note 6 – Fair Value for additional information regarding hedging activity). (b) Reclassifications of amounts related to dispositions and gains and losses on securities are included in Equity (losses) earnings of affiliates or Other, net, as appropriate, in the Unaudited Consolidated Statements of Operations for the three and nine months ended March 31, 2016 and 2015. (c) Reclassifications of amounts related to benefit plan adjustments are included in Selling, general and administrative expenses in the Unaudited Consolidated Statements of Operations for the three and nine months ended March 31, 2016 and 2015. Earnings Per Share Data The following table sets forth the Company’s computation of Income from continuing operations attributable to Twenty-First Century Fox stockholders: For the three months ended March 31, For the nine months ended March 31, 2016 2015 2016 2015 (in millions) Income from continuing operations $ 928 $ 1,057 $ 2,418 $ 8,457 Less: Net income attributable to noncontrolling interests (84 ) (67 ) (222 ) (200 ) Income from continuing operations attributable to Twenty-First Century Fox stockholders $ 844 $ 990 $ 2,196 $ 8,257 Stock Repurchase Program The Board has authorized a stock repurchase program, under which the Company is currently authorized to acquire Class A Common Stock. In August 2015, the Board approved an additional $5 billion authorization, excluding commissions, to the Company’s stock repurchase program for the repurchase of Class A Common Stock. The Company currently intends to complete this stock repurchase program by August 2016, however, the completion date and the timing and amount of repurchases are at the Company’s discretion. The program may be modified, extended, suspended or discontinued at any time. The remaining authorized amount under the Company’s stock repurchase program as of March 31, 2016, excluding commissions, was approximately $1.6 billion. Dividends The following table summarizes the dividends declared per share on both the Company’s Class A Common Stock and the Class B Common Stock: For the three months ended March 31, For the nine months ended March 31, 2016 2015 2016 2015 Cash dividend per share $ 0.150 $ 0.150 $ 0.300 $ 0.275 The Company declared a dividend of $0.150 per share on both the Class A Common Stock and Class B Common Stock in the three months ended March 31, 2016, which was paid in April 2016 to stockholders of record on March 9, 2016. Temporary Suspension of Voting Rights Affecting Non-U.S. Stockholders The Company owns broadcast station licensees in connection with its ownership and operation of U.S. television stations. Under U.S. law, no broadcast station licensee may be owned by a corporation if more than 25% of its stock is owned or voted by non-U.S. persons, their representatives, or by any other corporation organized under the laws of a foreign country. In order to maintain compliance with U.S. law, the suspension of voting rights of the Class B Common Stock held by non-U.S. stockholders is currently at 10%. This suspension will remain in place for as long as the Company deems it necessary to maintain compliance with applicable U.S. law, and may be adjusted by the Audit Committee as it deems appropriate. Voting Agreement with the Murdoch Family Interests On April 18, 2012, the Murdoch Family Trust and K. Rupert Murdoch (together the “Murdoch Family Interests”) entered into an agreement with the Company, whereby the Murdoch Family Interests agreed to limit their voting rights during the voting rights suspension period. Under this agreement, the Murdoch Family Interests will not vote or provide voting instructions with respect to a portion of their shares of Class B Common Stock to the extent that doing so would increase their percentage of voting power from what it was prior to the suspension of voting rights. Currently, as a result of the suspension of voting rights, the aggregate percentage vote of the Murdoch Family Interests is at 38.9% of the outstanding shares of Class B Common Stock not subject to the suspension of voting rights, and the percentage vote may be adjusted as provided in the agreement with the Company.

Equity-Based Compensation

Equity-Based Compensation	9 Months Ended
	Mar. 31, 2016
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Equity-Based Compensation	NOTE 9. EQUITY-BASED COMPENSATION The following table summarizes the Company’s equity-based compensation transactions: For the nine months ended March 31, 2016 2015 (in millions) Equity-based compensation $ 158 $ 89 Intrinsic value of all settled equity-based awards $ 192 $ 303 Tax benefit on vested equity-based awards $ 69 $ 110 As of March 31, 2016, the Company’s total estimated compensation cost related to equity-based awards, not yet recognized, was approximately $140 million, and is expected to be recognized over a weighted average period between one and two years. Compensation expense on all equity-based awards is generally recognized on a straight-line basis over the vesting period of the entire award. However, certain performance based awards are recognized on an accelerated basis. Performance Stock Units The Company’s stock based awards are granted in Class A Common Stock. During the nine months ended March 31, 2016, approximately 6.2 million performance stock units (“PSUs”) were granted and approximately 5.9 million PSUs vested. During the nine months ended March 31, 2015, approximately 4.1 million PSUs were granted and approximately 7.1 million PSUs vested. Approximately 1.7 million units of the awards that vested were settled in cash.

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Mar. 31, 2016
Commitments And Contingencies Disclosure [Abstract]
Commitments and Contingencies	NOTE 10. COMMITMENTS AND CONTINGENCIES Commitments The Company has commitments under certain firm contractual arrangements (“firm commitments”) to make future payments. These firm commitments secure the future rights to various assets and services to be used in the normal course of operations. The total firm commitments and future debt payments as of March 31, 2016 and June 30, 2015 were approximately $85 billion and $75 billion, respectively. The increase from June 30, 2015 was primarily due to an expanded arrangement with one of the collegiate conferences for broadcast rights through 2032, a new rights agreement with a Major League Baseball team for broadcast rights through 2032 and other sports rights agreements. Contingent Guarantees The Company’s contingent guarantees as of March 31, 2016 and June 30, 2015 were approximately $690 million and $1.3 billion, respectively. The decrease from June 30, 2015 was primarily due to the release of the Company’s obligations under a bank guarantee benefiting the Board of Control for Cricket in India (“BCCI”) in July 2015 (See Note 12 – Additional Financial Information under the heading “Restructuring Programs”) and the expiration of a bank guarantee covering the Company’s programming rights obligations as part of the agreement with the International Cricket Council. Contingencies Shareholder Litigation Southern District of New York On July 19, 2011, a purported class action lawsuit captioned Wilder v. News Corp., et al. (“Wilder Litigation”), was filed on behalf of all purchasers of the Company’s common stock between March 3, 2011 and July 11, 2011, in the United States District Court for the Southern District of New York. The plaintiff brought claims under Section 10(b) and Section 20(a) of the Securities Exchange Act, alleging that false and misleading statements were issued regarding the alleged acts of voicemail interception at The News of the World Other Equity purchase arrangements that are exercisable by the counter-party to the agreement, and that are outside the sole control of the Company, are accounted for in accordance with ASC 480-10-S99-3A and are classified as Redeemable noncontrolling interests in the Consolidated Balance Sheets. Other than the arrangements classified as Redeemable noncontrolling interests, the Company is also a party to several other purchase and sale arrangements which become exercisable at various points in time. However, these arrangements are currently either not exercisable in the next twelve months or are not material. The Company establishes an accrued liability for legal claims when the Company determines that a loss is both probable and the amount of the loss can be reasonably estimated. Once established, accruals are adjusted from time to time, as appropriate, in light of additional information. The amount of any loss ultimately incurred in relation to matters for which an accrual has been established may be higher or lower than the amounts accrued for such matters. Any fees, expenses, fines, penalties, judgments or settlements which might be incurred by the Company in connection with the various proceedings could affect the Company’s results of operations and financial condition. For the contingencies disclosed above for which there is at least a reasonable possibility that a loss may be incurred, other than the accrual provided, the Company was unable to estimate the amount of loss or range of loss. The Company’s operations are subject to tax in various domestic and international jurisdictions and as a matter of course, the Company is regularly audited by federal, state and foreign tax authorities. The Company believes it has appropriately accrued for the expected outcome of all pending tax matters and does not currently anticipate that the ultimate resolution of pending tax matters will have a material adverse effect on its consolidated financial condition, future results of operations or liquidity.

Segment Information

Segment Information	9 Months Ended
	Mar. 31, 2016
Segment Reporting [Abstract]
Segment Information	NOTE 11. SEGMENT INFORMATION The Company is a diversified global media and entertainment company, which manages and reports its businesses in the following segments: · Cable Network Programming , which principally consists of the production and licensing of programming distributed primarily through cable television systems, direct broadcast satellite operators, telecommunication companies and online video distributors in the U.S. and internationally. · Television , which principally consists of the broadcasting of network programming in the U.S. and the operation of 28 full power broadcast television stations, including 11 duopolies, in the U.S. (of these stations, 17 are affiliated with FOX Broadcasting Company (“FOX”), 10 are affiliated with Master Distribution Service, Inc. (“MyNetworkTV”) and one is an independent station). · Filmed Entertainment , which principally consists of the production and acquisition of live-action and animated motion pictures for distribution and licensing in all formats in all entertainment media worldwide, and the production and licensing of television programming worldwide. · Direct Broadcast Satellite Television , which consisted of the distribution of programming services via satellite, cable and broadband directly to subscribers in Italy, Germany and Austria. The DBS segment consisted entirely of the operations of Sky Italia and Sky Deutschland. On November 12, 2014, Twenty-First Century Fox completed the sale of Sky Italia and its 57% interest in Sky Deutschland to Sky. · Other, Corporate and Eliminations, which principally consists of corporate overhead and eliminations and other businesses. Following the sale of the DBS businesses, the Company continues to report in five segments for comparative purposes. The Company’s operating segments have been determined in accordance with the Company’s internal management structure, which is organized based on operating activities. The Company evaluates performance based upon several factors, of which the primary financial measure is Segment OIBDA. Due to the integrated nature of these operating segments, estimates and judgments are made in allocating certain assets, revenues and expenses. Segment OIBDA is defined as Revenues less Operating expenses and Selling, general and administrative expenses. Segment OIBDA does not include: Amortization of cable distribution investments, Depreciation and amortization, Impairment charges, Equity (losses) earnings of affiliates, Interest expense, net, Interest income, Other, net, Income tax expense and Net income attributable to noncontrolling interests. Management believes that Segment OIBDA is an appropriate measure for evaluating the operating performance of the Company’s business segments because it is the primary measure used by the Company’s chief operating decision maker to evaluate the performance of and allocate resources within the Company’s businesses. Management believes that information about Total Segment OIBDA assists all users of the Company’s Unaudited Consolidated Financial Statements by allowing them to evaluate changes in the operating results of the Company’s portfolio of businesses separate from non-operational factors that affect net income, thus providing insight into both operations and the other factors that affect reported results. Total Segment OIBDA provides management, investors and equity analysts a measure to analyze the operating performance of the Company’s business and its enterprise value against historical data and competitors’ data, although historical results, including Segment OIBDA and Total Segment OIBDA, may not be indicative of future results (as operating performance is highly contingent on many factors, including customer tastes and preferences). Total Segment OIBDA is a non-GAAP measure and should be considered in addition to, not as a substitute for, net income, cash flow and other measures of financial performance reported in accordance with GAAP. In addition, this measure does not reflect cash available to fund requirements and excludes items, such as depreciation and amortization and impairment charges, which are significant components in assessing the Company’s financial performance. For the three months ended March 31, For the nine months ended March 31, 2016 2015 2016 2015 (in millions) Revenues: Cable Network Programming $ 3,941 $ 3,590 $ 11,108 $ 10,205 Television 1,299 1,237 4,064 3,908 Filmed Entertainment 2,321 2,389 6,467 7,618 Direct Broadcast Satellite Television - - - 2,112 Other, Corporate and Eliminations (333 ) (376 ) (959 ) (1,061 ) Total revenues $ 7,228 $ 6,840 $ 20,680 $ 22,782 Segment OIBDA: Cable Network Programming $ 1,375 $ 1,233 $ 3,931 $ 3,430 Television 125 141 600 605 Filmed Entertainment 470 382 921 1,176 Direct Broadcast Satellite Television - - - 234 Other, Corporate and Eliminations (89 ) (79 ) (306 ) (267 ) Total Segment OIBDA $ 1,881 $ 1,677 $ 5,146 $ 5,178 Amortization of cable distribution investments (18 ) (17 ) (53 ) (61 ) Depreciation and amortization (133 ) (124 ) (391 ) (601 ) Equity (losses) earnings of affiliates (9 ) 330 38 959 Interest expense, net (295 ) (292 ) (888 ) (907 ) Interest income 12 8 28 31 Other, net (47 ) (67 ) (272 ) 5,008 Income from continuing operations before income tax expense 1,391 1,515 3,608 9,607 Income tax expense (463 ) (458 ) (1,190 ) (1,150 ) Income from continuing operations 928 1,057 2,418 8,457 Loss from discontinued operations, net of tax (3 ) (15 ) (8 ) (38 ) Net income 925 1,042 2,410 8,419 Less: Net income attributable to noncontrolling interests (84 ) (67 ) (222 ) (200 ) Net income attributable to Twenty-First Century Fox stockholders $ 841 $ 975 $ 2,188 $ 8,219 Intersegment revenues, generated by the Filmed Entertainment segment, of $315 million and $442 million for the three months ended March 31, 2016 and 2015, respectively, and of $878 million and $1,002 million for the nine months ended March 31, 2016 and 2015, respectively, have been eliminated within the Other, Corporate and Eliminations segment. For the three months ended March 31, For the nine months ended March 31, 2016 2015 2016 2015 (in millions) Depreciation and amortization: Cable Network Programming $ 79 $ 70 $ 229 $ 219 Television 29 29 88 84 Filmed Entertainment 20 21 60 84 Direct Broadcast Satellite Television - - - 202 Other, Corporate and Eliminations 5 4 14 12 Total depreciation and amortization $ 133 $ 124 $ 391 $ 601 Depreciation and amortization includes the amortization of definite lived intangible assets of $64 million and $60 million he three months ended March 31, 2016 and 2015, respectively, and $182 million and $243 million for the nine months ended March 31, 2016 and 2015, respectively. As of March 31, 2016 As of June 30, 2015 (in millions) Total assets: Cable Network Programming $ 25,151 $ 23,235 Television 7,098 6,646 Filmed Entertainment 9,817 9,105 Other, Corporate and Eliminations 3,027 6,536 Investments 4,155 4,529 Total assets $ 49,248 $ 50,051 As of March 31, 2016 As of June 30, 2015 (in millions) Goodwill and intangible assets, net: Cable Network Programming $ 13,382 $ 12,746 Television 4,291 4,297 Filmed Entertainment 1,766 1,790 Total goodwill and intangible assets, net $ 19,439 $ 18,833 Revenues by Component For the three months ended March 31, For the nine months ended March 31, 2016 2015 2016 2015 (in millions) Revenues: Affiliate fees $ 2,939 $ 2,740 $ 8,321 $ 7,652 Subscription - - - 1,964 Advertising 1,907 1,840 5,950 5,944 Content 2,288 2,189 6,046 6,938 Other 94 71 363 284 Total revenues $ 7,228 $ 6,840 $ 20,680 $ 22,782

Additional Financial Informatio

Additional Financial Information	9 Months Ended
	Mar. 31, 2016
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Additional Financial Information	NOTE 12. ADDITIONAL FINANCIAL INFORMATION Supplemental Cash Flows Information For the nine months ended March 31, 2016 2015 (in millions) Supplemental cash flows information: Cash paid for income taxes $ (586 ) $ (498 ) Cash paid for interest $ (873 ) $ (908 ) Purchase of other investments $ (229 ) $ (53 ) Supplemental information on acquisitions and additional investments: Fair value of assets acquired $ 1,199 $ 219 Cash acquired 8 - Liabilities assumed (110 ) (2 ) Cash paid (916 ) (142 ) Fair value of equity instruments issued to third parties (a) 181 75 Issuance of subsidiary common units (181 ) (75 ) Fair value of equity instruments consideration $ - $ - (a) Includes Redeemable noncontrolling interests. Other, net The following table sets forth the components of Other, net included in the Unaudited Consolidated Statements of Operations: For the three months ended March 31, For the nine months ended March 31, 2016 2015 2016 2015 (in millions) Gain on disposition of DBS businesses (a) $ - $ (11 ) $ - $ 4,984 Gain on disposition of Shine Group (a) - 7 - 70 Investment impairment losses (b) - - (99 ) (3 ) Acquisition related costs (c) - - (66 ) - Restructuring (6 ) (2 ) (14 ) (40 ) Other (d) (41 ) (61 ) (93 ) (3 ) Total other, net $ (47 ) $ (67 ) $ (272 ) $ 5,008 (a) See Note 3 – Acquisitions, Disposals and Other Transactions in the 2015 Form 10-K under the headings “Sky Italia and Sky Deutschland” and “Shine Group” for further discussion of these dispositions. (b) See Note 5 – Investments under the heading “Other” for further discussion. (c) The acquisition related costs for the nine months ended March 31, 2016 are primarily due to the revision of a contingency estimate related to a past acquisition. (d) Other, in fiscal 2015, includes devaluation losses primarily related to the Company’s business activities in Venezuela which operate in a highly inflationary economy. In February 2015, the Venezuelan government introduced a new foreign currency exchange system called the Marginal Currency System (“SIMADI”). Accordingly, the Company has remeasured all its Venezuelan Bolivar denominated net monetary assets at the devalued SIMADI exchange rate. The Company had previously used the Supplementary Foreign Currency Administration System (“SICAD 2”) rate. Restructuring Programs In fiscal 2015, the Company recorded restructuring charges reflecting contract termination costs at STAR India (“STAR”) related to a program rights contract with the BCCI for the Champions League Twenty20 (“CLT20”) cricket tournament through 2018. The Company paid approximately $420 million to the BCCI in July 2015 for the contract termination, including service taxes. As a result of the contract termination in June 2015, STAR no longer has the rights to broadcast future CLT20 cricket matches and has no additional payment obligations. Voluntary Resignation Program During the third quarter of fiscal 2016, as part of ongoing efforts to transform certain functions and reduce costs, the Company extended a voluntary resignation program to certain employees. Costs related to the voluntary resignation program are accrued when the Company and the employee agree on the specific terms of the voluntary resignation. The Company expects to record a significant portion of the costs in the fourth quarter of fiscal 2016 which will be included in restructuring charges, included in Other, net, in the consolidated statement of operations.

Supplemental Guarantor Informat

Supplemental Guarantor Information	9 Months Ended
	Mar. 31, 2016
Condensed Financial Information Of Parent Company Only Disclosure [Abstract]
Supplemental Guarantor Information	TWENTY-FIRST CENTURY FOX, INC. NOTES TO THE UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS NOTE 13. SUPPLEMENTAL GUARANTOR INFORMATION In May 2015, 21CFA entered into a credit agreement (the “Credit Agreement”), among 21CFA as Borrower, the Company as Parent Guarantor and other parties. The Credit Agreement provides a $1.4 billion unsecured revolving credit facility with a sub-limit of $250 million (or its equivalent in Euros) available for the issuance of letters of credit and a maturity date of May 2020. The Parent Guarantor presently guarantees the senior public indebtedness of 21CFA and the guarantee is full and unconditional. The supplemental condensed consolidating financial information of the Parent Guarantor should be read in conjunction with these Unaudited Consolidated Financial Statements. In accordance with rules and regulations of the SEC, the Company uses the equity method to account for the results of all of the non-guarantor subsidiaries, representing substantially all of the Company’s consolidated results of operations, excluding certain intercompany eliminations. The following condensed consolidating financial statements present the results of operations, financial position and cash flows of 21CFA, the Company and the subsidiaries of the Company and the eliminations and reclassifications necessary to arrive at the information for the Company on a consolidated basis. TWENTY-FIRST CENTURY FOX, INC. NOTES TO THE UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS Supplemental Condensed Consolidating Statement of Operations For the three months ended March 31, 2016 (in millions) 21st Fox America, Inc. Twenty-First Century Fox Non-Guarantor Reclassifications and Eliminations Twenty-First Century Fox and Subsidiaries Revenues $ 1 $ - $ 7,227 $ - $ 7,228 Expenses (88 ) - (5,410 ) - (5,498 ) Equity losses of affiliates (1 ) - (8 ) - (9 ) Interest expense, net (408 ) (179 ) (17 ) 309 (295 ) Interest income 5 1 315 (309 ) 12 Earnings from subsidiary entities 1,570 1,022 - (2,592 ) - Other, net (6 ) - (41 ) - (47 ) Income from continuing operations before income tax expense 1,073 844 2,066 (2,592 ) 1,391 Income tax expense (358 ) - (689 ) 584 (463 ) Income from continuing operations 715 844 1,377 (2,008 ) 928 Loss from discontinued operations, net of tax - (3 ) - - (3 ) Net income 715 841 1,377 (2,008 ) 925 Less: Net income attributable to noncontrolling interests - - (84 ) - (84 ) Net income attributable to Twenty-First Century Fox stockholders $ 715 $ 841 $ 1,293 $ (2,008 ) $ 841 Comprehensive income attributable to Twenty-First Century Fox stockholders $ 703 $ 915 $ 1,415 $ (2,118 ) $ 915 See notes to supplemental guarantor information TWENTY-FIRST CENTURY FOX, INC. NOTES TO THE UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS Supplemental Condensed Consolidating Statement of Operations For the three months ended March 31, 2015 (in millions) 21st Century Fox America, Inc. Twenty-First Century Fox Non-Guarantor Reclassifications and Eliminations Twenty-First Century Fox and Subsidiaries Revenues $ 1 $ - $ 6,839 $ - $ 6,840 Expenses (72 ) - (5,232 ) - (5,304 ) Equity (losses) earnings of affiliates (1 ) - 331 - 330 Interest expense, net (394 ) (173 ) (20 ) 295 (292 ) Interest income - 3 300 (295 ) 8 Earnings from subsidiary entities 1,987 1,171 - (3,158 ) - Other, net (171 ) (11 ) 115 - (67 ) Income from continuing operations before income tax expense 1,350 990 2,333 (3,158 ) 1,515 Income tax expense (425 ) - (593 ) 560 (458 ) Income from continuing operations 925 990 1,740 (2,598 ) 1,057 Loss from discontinued operations, net of tax - (15 ) - - (15 ) Net income 925 975 1,740 (2,598 ) 1,042 Less: Net income attributable to noncontrolling interests - - (67 ) - (67 ) Net income attributable to Twenty-First Century Fox stockholders $ 925 $ 975 $ 1,673 $ (2,598 ) $ 975 Comprehensive income attributable to Twenty-First Century Fox stockholders $ 459 $ 603 $ 1,210 $ (1,669 ) $ 603 See notes to supplemental guarantor information TWENTY-FIRST CENTURY FOX, INC. NOTES TO THE UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS Supplemental Condensed Consolidating Statement of Operations For the nine months ended March 31, 2016 (in millions) 21st Century Fox America, Inc. Twenty-First Century Fox Non-Guarantor Reclassifications and Eliminations Twenty-First Century Fox and Subsidiaries Revenues $ 1 $ - $ 20,679 $ - $ 20,680 Expenses (283 ) - (15,695 ) - (15,978 ) Equity (losses) earnings of affiliates (2 ) - 40 - 38 Interest expense, net (1,212 ) (532 ) (56 ) 912 (888 ) Interest income 6 3 931 (912 ) 28 Earnings from subsidiary entities 4,803 2,725 - (7,528 ) - Other, net (114 ) - (158 ) - (272 ) Income from continuing operations before income tax expense 3,199 2,196 5,741 (7,528 ) 3,608 Income tax expense (1,055 ) - (1,894 ) 1,759 (1,190 ) Income from continuing operations 2,144 2,196 3,847 (5,769 ) 2,418 Loss from discontinued operations, net of tax - (8 ) - - (8 ) Net income 2,144 2,188 3,847 (5,769 ) 2,410 Less: Net income attributable to noncontrolling interests - - (222 ) - (222 ) Net income attributable to Twenty-First Century Fox stockholders $ 2,144 $ 2,188 $ 3,625 $ (5,769 ) $ 2,188 Comprehensive income attributable to Twenty-First Century Fox stockholders $ 1,657 $ 1,893 $ 3,301 $ (4,958 ) $ 1,893 See notes to supplemental guarantor information TWENTY-FIRST CENTURY FOX, INC. NOTES TO THE UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS Supplemental Condensed Consolidating Statement of Operations For the nine months ended March 31, 2015 (in millions) 21st Century Fox America, Inc. Twenty-First Century Fox Non-Guarantor Reclassifications and Eliminations Twenty-First Century Fox and Subsidiaries Revenues $ 1 $ - $ 22,781 $ - $ 22,782 Expenses (241 ) - (18,025 ) - (18,266 ) Equity (losses) earnings of affiliates (2 ) - 961 - 959 Interest expense, net (1,188 ) (463 ) (78 ) 822 (907 ) Interest income 8 4 841 (822 ) 31 Earnings from subsidiary entities 10,513 8,727 - (19,240 ) - Other, net (18 ) (11 ) 5,037 - 5,008 Income from continuing operations before income tax expense 9,073 8,257 11,517 (19,240 ) 9,607 Income tax expense (1,085 ) - (1,378 ) 1,313 (1,150 ) Income from continuing operations 7,988 8,257 10,139 (17,927 ) 8,457 Loss from discontinued operations, net of tax - (38 ) - - (38 ) Net income 7,988 8,219 10,139 (17,927 ) 8,419 Less: Net income attributable to noncontrolling interests - - (200 ) - (200 ) Net income attributable to Twenty-First Century Fox stockholders $ 7,988 $ 8,219 $ 9,939 $ (17,927 ) $ 8,219 Comprehensive income attributable to Twenty-First Century Fox stockholders $ 5,925 $ 6,406 $ 7,858 $ (13,783 ) $ 6,406 See notes to supplemental guarantor information TWENTY-FIRST CENTURY FOX, INC. NOTES TO THE UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS Supplemental Condensed Consolidating Balance Sheet As of March 31, 2016 (in millions) 21st Century Fox America, Inc. Twenty-First Century Fox Non-Guarantor Reclassifications and Eliminations Twenty-First Century Fox and Subsidiaries ASSETS Current assets: Cash and cash equivalents $ 764 $ 2,594 $ 1,635 $ - $ 4,993 Receivables, net 16 - 6,741 (1 ) 6,756 Inventories, net - - 3,522 - 3,522 Other 15 - 334 - 349 Total current assets 795 2,594 12,232 (1 ) 15,620 Non-current assets: Receivables, net 15 - 446 - 461 Inventories, net - - 7,108 - 7,108 Property, plant and equipment, net 215 - 1,445 - 1,660 Intangible assets, net - - 6,707 - 6,707 Goodwill - - 12,732 - 12,732 Other non-current assets 388 - 417 - 805 Investments: Investments in associated companies and other investments 136 37 3,982 - 4,155 Intragroup investments 97,639 55,559 - (153,198 ) - Total investments 97,775 55,596 3,982 (153,198 ) 4,155 TOTAL ASSETS $ 99,188 $ 58,190 $ 45,069 $ (153,199 ) $ 49,248 LIABILITIES AND EQUITY Current liabilities: Borrowings $ 400 $ - $ 75 $ - $ 475 Other current liabilities 468 406 6,928 (1 ) 7,801 Total current liabilities 868 406 7,003 (1 ) 8,276 Non-current liabilities: Borrowings 17,878 - 1,392 - 19,270 Other non-current liabilities 537 - 5,104 - 5,641 Intercompany 37,281 43,313 (80,594 ) - - Redeemable noncontrolling interests - - 511 - 511 Total equity 42,624 14,471 111,653 (153,198 ) 15,550 TOTAL LIABILITIES AND EQUITY $ 99,188 $ 58,190 $ 45,069 $ (153,199 ) $ 49,248 See notes to supplemental guarantor information TWENTY-FIRST CENTURY FOX, INC. NOTES TO THE UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS Supplemental Condensed Consolidating Balance Sheet As of June 30, 2015 (in millions) 21st Century Fox America, Inc. Twenty-First Century Fox Non-Guarantor Reclassifications and Eliminations Twenty-First Century Fox and Subsidiaries ASSETS Current assets: Cash and cash equivalents $ 767 $ 5,913 $ 1,748 $ - $ 8,428 Receivables, net 11 - 5,902 (1 ) 5,912 Inventories, net - - 2,749 - 2,749 Other 14 - 273 - 287 Total current assets 792 5,913 10,672 (1 ) 17,376 Non-current assets: Receivables, net 15 - 379 - 394 Inventories, net - - 6,411 - 6,411 Property, plant and equipment, net 230 - 1,492 - 1,722 Intangible assets, net - - 6,320 - 6,320 Goodwill - - 12,513 - 12,513 Other non-current assets 384 - 402 - 786 Investments: Investments in associated companies and other investments 50 22 4,457 - 4,529 Intragroup investments 92,821 53,278 - (146,099 ) - Total investments 92,871 53,300 4,457 (146,099 ) 4,529 TOTAL ASSETS $ 94,292 $ 59,213 $ 42,646 $ (146,100 ) $ 50,051 LIABILITIES AND EQUITY Current liabilities: Borrowings $ 200 $ - $ 44 $ - $ 244 Other current liabilities 467 74 6,478 (1 ) 7,018 Total current liabilities 667 74 6,522 (1 ) 7,262 Non-current liabilities: Borrowings 17,278 - 1,517 - 18,795 Other non-current liabilities 571 - 4,616 - 5,187 Intercompany 35,999 41,919 (77,918 ) - - Redeemable noncontrolling interests - - 621 - 621 Total equity 39,777 17,220 107,288 (146,099 ) 18,186 TOTAL LIABILITIES AND EQUITY $ 94,292 $ 59,213 $ 42,646 $ (146,100 ) $ 50,051 See notes to supplemental guarantor information TWENTY-FIRST CENTURY FOX, INC. NOTES TO THE UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS Supplemental Condensed Consolidating Statement of Cash Flows For the nine months ended March 31, 2016 (in millions) 21st Fox America, Inc. Twenty-First Century Fox Non-Guarantor Reclassifications and Eliminations Twenty-First Century Fox and Subsidiaries Operating activities: Net cash (used in) provided by operating activities from continuing operations $ (585 ) $ 1,569 $ 1,028 $ - $ 2,012 Investing activities: Property, plant and equipment (5 ) - (151 ) - (156 ) Investments (185 ) (586 ) (453 ) - (1,224 ) Net cash used in investing activities from continuing operations (190 ) (586 ) (604 ) - (1,380 ) Financing activities: Borrowings 987 - 208 - 1,195 Repayment of borrowings (200 ) - (302 ) - (502 ) Excess tax benefit from equity-based compensation - 11 - - 11 Repurchase of shares - (3,958 ) - - (3,958 ) Dividends paid and distributions - (299 ) (166 ) - (465 ) Purchase of subsidiary shares from noncontrolling interests - (56 ) (231 ) - (287 ) Net cash provided by (used in) financing activities from continuing operations 787 (4,302 ) (491 ) - (4,006 ) Discontinued operations: Net decrease in cash and cash equivalents from discontinued operations (15 ) - - - (15 ) Net decrease in cash and cash equivalents (3 ) (3,319 ) (67 ) - (3,389 ) Cash and cash equivalents, beginning of year 767 5,913 1,748 - 8,428 Exchange movement on cash balances - - (46 ) - (46 ) Cash and cash equivalents, end of period $ 764 $ 2,594 $ 1,635 $ - $ 4,993 See notes to supplemental guarantor information TWENTY-FIRST CENTURY FOX, INC. NOTES TO THE UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS Supplemental Condensed Consolidating Statement of Cash Flows For the nine months ended March 31, 2015 (in millions) 21st Century Fox America, Inc. Twenty-First Century Fox Non-Guarantor Reclassifications and Eliminations Twenty-First Century Fox and Subsidiaries Operating activities: Net cash (used in) provided by operating activities from continuing operations $ (276 ) $ 1,675 $ 1,224 $ - $ 2,623 Investing activities: Property, plant and equipment (84 ) - (236 ) - (320 ) Investments (127 ) (3 ) (1,173 ) - (1,303 ) Proceeds from dispositions, net 79 8,582 (51 ) - 8,610 Net cash (used in) provided by investing activities from continuing operations (132 ) 8,579 (1,460 ) - 6,987 Financing activities: Borrowings 1,191 - 1,343 - 2,534 Repayment of borrowings (750 ) - (1,424 ) - (2,174 ) Excess tax benefit from equity-based compensation - 49 - - 49 Repurchase of shares - (4,784 ) - - (4,784 ) Dividends paid and distributions - (273 ) (221 ) - (494 ) Purchase of subsidiary shares from noncontrolling interests - (650 ) - - (650 ) Net cash provided by (used in) financing activities from continuing operations 441 (5,658 ) (302 ) - (5,519 ) Discontinued operations: Net decrease in cash and cash equivalents from discontinued operations (38 ) - - - (38 ) Net (decrease) increase in cash and cash equivalents (5 ) 4,596 (538 ) - 4,053 Cash and cash equivalents, beginning of year 473 3,120 1,822 - 5,415 Exchange movement on cash balances - - (192 ) - (192 ) Cash and cash equivalents, end of period $ 468 $ 7,716 $ 1,092 $ - $ 9,276 See notes to supplemental guarantor information TWENTY-FIRST CENTURY FOX, INC. NOTES TO THE UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS Notes to Supplemental Guarantor Information (1) Investments in the Company’s subsidiaries, for purposes of the supplemental consolidating presentation, are accounted for by their parent companies under the equity method of accounting whereby earnings of subsidiaries are reflected in the respective parent company’s investment account and earnings. (2) The guarantees of 21CFA’s senior public indebtedness constitute senior indebtedness of the Company, and rank pari passu with all present and future senior indebtedness of the Company. Because the factual basis underlying the obligations created pursuant to the various facilities and other obligations constituting senior indebtedness of the Company differ, it is not possible to predict how a court in bankruptcy would accord priorities among the obligations of the Company.

Summary of Significant Accounti

Summary of Significant Accounting Policies (Policies)	9 Months Ended
	Mar. 31, 2016
Accounting Policies [Abstract]
Principles of Consolidation	The Unaudited Consolidated Financial Statements include the accounts of Twenty-First Century Fox. All significant intercompany accounts and transactions have been eliminated in consolidation, including the intercompany portion of transactions with equity method investees
Investments	Investments in and advances to equity or joint ventures in which the Company has significant influence, but less than a controlling voting interest, are accounted for using the equity method. Investments in which the Company has no significant influence are designated as available-for-sale investments if readily determinable market values are available. If an investment’s fair value is not readily determinable, the Company accounts for its investment at cost.
Use of Estimates	The preparation of the Company’s consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts that are reported in the consolidated financial statements and accompanying disclosures. Actual results could differ from those estimates.
Reclassifications and Adjustments	Certain fiscal 2015 amounts have been reclassified to conform to the fiscal 2016 presentation. Unless indicated otherwise, the information in the notes to the Unaudited Consolidated Financial Statements relate to the Company’s continuing operations.
Recently Adopted and Recently Issued Accounting Guidance	Recently Adopted and Recently Issued Accounting Guidance Adopted In April 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2014-08, “Presentation of Financial Statements (Topic 205) and Property, Plant and Equipment (Topic 360)” (“ASU 2014-08”). The amendments in ASU 2014-08 provide guidance for the recognition of discontinued operations, change the requirements for reporting discontinued operations in Accounting Standards Codification (“ASC”) 205-20, “Discontinued Operations” (“ASC 205-20”) and require additional disclosures about discontinued operations. ASU 2014-08 is effective on a prospective basis for the Company for annual and interim reporting periods beginning July 1, 2015. Certain disposals that occurred in the past were not reported as discontinued operations as they did not meet the criteria under the superseded accounting guidance. Such disposals would have met the criteria to be reported as discontinued operations in accordance with ASU 2014-08. Issued In September 2015, the FASB issued ASU 2015-16, “Business Combinations (Topic 805): Simplifying the Accounting for Measurement-Period Adjustments” (“ASU 2015-16”). The amendments in ASU 2015-16 require that an acquirer recognize adjustments to provisional amounts, that are identified during the measurement period, in the reporting period in which the adjustment amounts are determined. ASU 2015-16 will be effective for the Company for annual and interim reporting periods beginning July 1, 2016. The Company is currently evaluating the impact ASU 2015-16 will have on its consolidated financial statements. In November 2015, the FASB issued ASU 2015-17, “Income Taxes (Topic 740): Balance Sheet Classification of Deferred Taxes” (“ASU 2015-17”). The amendments in ASU 2015-17 require that tax liabilities and assets be classified as noncurrent in a classified statement of financial position. ASU 2015-17 will be effective for the Company for annual and interim reporting periods beginning July 1, 2017. In January 2016, the FASB issued ASU 2016-01, “Financial Instruments––Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities” (“ASU 2016-01”). The amendments in ASU 2016-01 address certain aspects of recognition, measurement, presentation and disclosure of financial instruments. ASU 2016-01 will be effective for the Company for annual and interim reporting periods beginning July 1, 2018. The Company is currently evaluating the impact ASU 2016-01 will have on its consolidated financial statements. In February 2016, the FASB issued ASU 2016-02, “Leases (Topic 842)” (“ASU 2016-02”). The amendments in ASU 2016-02 require recognition of lease assets and liabilities on the balance sheet and disclosure of key information about leasing arrangements. ASU 2016-02 will be effective for the Company for annual and interim reporting periods beginning July 1, 2019. The Company is currently evaluating the impact ASU 2016-02 will have on its consolidated financial statements. In March 2016, the FASB issued ASU 2016-09, “Compensation—Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting” (“ASU 2016-09”). The amendments in ASU 2016-09 simplify the accounting regarding income tax consequences, classification of awards as either equity or liabilities and classification on the statement of cash flows. ASU 2016-09 will be effective for the Company for annual and interim reporting periods beginning July 1, 2017. The Company is currently evaluating the impact ASU 2016-09 will have on its consolidated financial statements.
Receivables, Net	Receivables are presented net of an allowance for returns and doubtful accounts, which is an estimate of amounts that may not be collectible.
Concentration of Credit Risk	Concentrations of Credit Risk Cash and cash equivalents are maintained with several financial institutions. The Company has deposits held with banks that exceed the amount of insurance provided on such deposits. Generally, these deposits may be redeemed upon demand and are maintained with financial institutions of reputable credit and, therefore, bear minimal credit risk. The Company’s receivables did not represent significant concentrations of credit risk as of March 31, 2016 or June 30, 2015 due to the wide variety of customers, markets and geographic areas to which the Company’s products and services are sold. The Company monitors its positions with, and the credit quality of, the financial institutions which are counterparties to its financial instruments. The Company is exposed to credit loss in the event of nonperformance by the counterparties to the agreements. As of March 31, 2016, the Company did not anticipate nonperformance by any of the counterparties.

Receivables, Net (Tables)

Receivables, Net (Tables)	9 Months Ended
	Mar. 31, 2016
Receivables [Abstract]
Schedule of Receivables, Net	Receivables, net consist of: As of March 31, 2016 As of June 30, 2015 (in millions) Total receivables $ 7,834 $ 6,812 Allowances for returns and doubtful accounts (617 ) (506 ) Total receivables, net 7,217 6,306 Less: current receivables, net (6,756 ) (5,912 ) Non-current receivables, net $ 461 $ 394

Inventories, Net (Tables)

Inventories, Net (Tables)	9 Months Ended
	Mar. 31, 2016
Inventory Disclosure [Abstract]
Schedule of Inventories, Net	The Company’s inventories were comprised of the following: As of March 31, 2016 As of June 30, 2015 (in millions) Programming rights $ 6,510 $ 5,496 DVDs, Blu-rays and other merchandise 78 67 Filmed entertainment costs: Films: Released 1,193 1,094 Completed, not released 6 27 In production 1,099 1,170 In development or preproduction 253 185 2,551 2,476 Television productions: Released 1,000 868 In production 491 252 In development or preproduction - 1 1,491 1,121 Total filmed entertainment costs, less accumulated amortization (a) 4,042 3,597 Total inventories, net 10,630 9,160 Less: current portion of inventories, net (b) (3,522 ) (2,749 ) Total non-current inventories, net $ 7,108 $ 6,411 (a) Does not include $280 million and $304 million of net intangible film library costs as of March 31, 2016 and June 30, 2015, respectively, which were included in intangible assets subject to amortization in the Consolidated Balance Sheets. (b) Current portion of inventories, net as of March 31, 2016 and June 30, 2015 was comprised of programming rights ($3,444 million and $2,682 million, respectively), DVDs, Blu-rays and other merchandise.

Investments (Tables)

Investments (Tables)	9 Months Ended
	Mar. 31, 2016
Investments [Abstract]
Schedule of Investments	The Company’s investments were comprised of the following: Ownership percentage as of March 31, 2016 As of March 31, 2016 As of June 30, 2015 (in millions) Sky (a)(b) European DBS operator 39% $ 3,150 $ 3,382 Endemol Shine Group (b) Global multi-platform content provider 50% 588 706 Other investments various 417 441 Total investments $ 4,155 $ 4,529 (a) The Company’s investment in Sky had a market value of $9.9 billion as of March 31, 2016 determined using its quoted market price on the London Stock Exchange (a Level 1 measurement as defined in Note 6 – Fair Value). (b) Equity method investment.

Fair Value (Tables)

Fair Value (Tables)	9 Months Ended
	Mar. 31, 2016
Fair Value of Financial Assets (Liabilities) and the Level Used to Measure Them	The tables below present information about financial assets and liabilities carried at fair value on a recurring basis: Fair value measurements As of March 31, 2016 Description Total Quoted prices in active markets for identical instruments (Level 1) Significant other observable inputs (Level 2) Significant unobservable inputs (Level 3) (in millions) Assets Derivatives (a) $ 12 $ - $ 12 $ - Liabilities Derivatives (a) (38 ) - (38 ) - Contingent consideration (b) (114 ) - - (114 ) Redeemable noncontrolling interests (511 ) - - (511 ) Total $ (651 ) $ - $ (26 ) $ (625 ) As of June 30, 2015 Description Total Quoted prices in active markets for identical instruments (Level 1) Significant other observable inputs (Level 2) Significant unobservable inputs (Level 3) (in millions) Assets Investments (c) $ 18 $ 18 $ - $ - Derivatives (a) 4 - 4 - Liabilities Derivatives (a) (34 ) - (34 ) - Contingent consideration (b) (114 ) - - (114 ) Redeemable noncontrolling interests (621 ) - - (621 ) Total $ (747 ) $ 18 $ (30 ) $ (735 ) (a) Represents derivatives associated with the Company’s foreign currency forward contracts and interest rate swap contracts. (b) Represents contingent consideration related to the acquisitions of Eredivisie Media & Marketing and SportsTime Ohio in fiscal 2013. (c ) Available-for-sale securities.
Changes in Fair Value of Financial Liabilities on a Recurring Basis Using Level 3	The changes in redeemable noncontrolling interests classified as Level 3 measurements were as follows: For the three months ended March 31, For the nine months ended March 31, 2016 2015 2016 2015 (in millions) Beginning of period $ (617 ) $ (547 ) $ (621 ) $ (541 ) Net income (36 ) (30 ) (96 ) (83 ) Issuances (73 ) (75 ) (73 ) (75 ) Repurchases (a) 225 - 225 - Distributions and other (10 ) 14 54 61 End of period $ (511 ) $ (638 ) $ (511 ) $ (638 ) (a) See Note 2 – Acquisitions, Disposals and Other Transactions under the heading “Other”.
Schedule of Fair Value and Carrying Value of Borrowings	The carrying value of the Company’s financial instruments, such as cash and cash equivalents, receivables, payables and cost method investments, approximates fair value. As of March 31, 2016, the carrying value of the Company’s investment in DraftKings approximates its fair value, a Level 3 measurement (See Note 5 – Investments under the heading “Other”). As of March 31, 2016 As of June 30, 2015 (in millions) Borrowings Fair value $ 23,140 $ 21,998 Carrying value $ 19,745 $ 19,039 Fair value is generally determined by reference to market values resulting from trading on a national securities exchange or in an over-the-counter market (a Level 1 measurement).
Foreign Currency Forward Contracts
Schedule of Financial Instruments Used to Hedge Certain Exposures	The Company uses foreign currency forward contracts primarily to hedge certain exposures to foreign currency exchange rate risks associated with revenues, the cost of producing or acquiring films and television programming as well as its investment in certain foreign operations and equity method investments. As of March 31, 2016 As of June 30, 2015 (in millions) Cash flow hedges Notional amount $ 858 $ 903 Fair value $ (9 ) $ (13 ) As of March 31, 2016 As of June 30, 2015 (in millions) Net investment hedges Notional amount $ - $ 198 Fair value $ - $ (13 ) As of March 31, 2016 As of June 30, 2015 (in millions) Economic hedges Notional amount $ 45 $ - Fair value $ (1 ) $ -
Interest Rate Swap Contracts
Schedule of Financial Instruments Used to Hedge Certain Exposures	The Company uses interest rate swap contracts to hedge certain exposures to interest rate risks associated with certain borrowings. As of March 31, 2016 As of June 30, 2015 (in millions) Cash flow hedges Notional amount $ 706 $ 723 Fair value $ (16 ) $ (4 ) As of March 31, 2016 As of June 30, 2015 (in millions) Economic hedges Notional amount $ - $ 255 Fair value $ - $ -

Stockholders' Equity (Tables)

Stockholders' Equity (Tables)	9 Months Ended
	Mar. 31, 2016
Stockholders Equity Note [Abstract]
Schedule of Changes in Stockholders' Equity	The following tables summarize changes in stockholders’ equity: For the three months ended March 31, 2016 For the nine months ended March 31, 2016 Twenty-First Century Fox stockholders Noncontrolling interests Total equity Twenty-First Century Fox stockholders Noncontrolling interests Total equity (in millions) Balance, beginning of period $ 14,504 $ 991 $ 15,495 $ 17,220 $ 966 $ 18,186 Net income 841 48 (a) 889 2,188 126 (a) 2,314 Other comprehensive income (loss) 74 - 74 (295 ) - (295 ) Cancellation of shares, net (740 ) - (740 ) (3,897 ) - (3,897 ) Dividends declared (287 ) - (287 ) (586 ) - (586 ) Other 79 40 (b) 119 (159 ) (13 ) (b) (172 ) Balance, end of period $ 14,471 $ 1,079 $ 15,550 $ 14,471 $ 1,079 $ 15,550 For the three months ended March 31, 2015 For the nine months ended March 31, 2015 Twenty-First Century Fox stockholders Noncontrolling interests Total equity Twenty-First Century Fox stockholders Noncontrolling interests Total equity (in millions) Balance, beginning of period $ 19,813 $ 975 $ 20,788 $ 17,418 $ 3,483 $ 20,901 Net income 975 37 (a) 1,012 8,219 117 (a) 8,336 Other comprehensive loss (372 ) - (372 ) (1,813 ) (214 ) (2,027 ) Cancellation of shares, net (2,046 ) - (2,046 ) (4,592 ) - (4,592 ) Dividends declared (313 ) - (313 ) (586 ) - (586 ) Purchase of noncontrolling interests (c) - - - (522 ) (128 ) (650 ) Dispositions (d) - - - - (2,130 ) (2,130 ) Other (68 ) (26 ) (b) (94 ) (135 ) (142 ) (b) (277 ) - Balance, end of period $ 17,989 $ 986 $ 18,975 $ 17,989 $ 986 $ 18,975 (a) Net income attributable to noncontrolling interests excludes $36 million and $30 million for the three months ended March 31, 2016 and 2015, respectively, and $96 million and $83 million for the nine months ended March 31, 2016 and 2015, respectively, relating to redeemable noncontrolling interests which are reflected in temporary equity. (b) Other activity attributable to noncontrolling interests excludes $(142) million and $61 million for the three months ended March 31, 2016 and 2015, respectively, and $(206) million and $14 million for the nine months ended March 31, 2016 and 2015, respectively, relating to redeemable noncontrolling interests. (c) Represents the increase in ownership of NGC International (See Note 3 – Acquisitions, Disposals and Other Transactions in the 2015 Form 10-K under the heading “Sky Italia and Sky Deutschland”). (d) Represents the noncontrolling interest in Sky Deutschland (See Note 3 – Acquisitions, Disposals and Other Transactions in the 2015 Form 10-K under the heading “Sky Italia and Sky Deutschland”).
Schedule of Activity within Other Comprehensive Income (Loss)	The following tables summarize the activity within Other comprehensive income (loss): For the three months ended March 31, 2016 For the nine months ended March 31, 2016 Before tax Tax (provision) benefit Net of tax Before tax Tax (provision) benefit Net of tax (in millions) Foreign currency translation adjustments Unrealized gains (losses) $ 71 $ 1 $ 72 $ (279 ) $ (23 ) $ (302 ) Amount reclassified on hedging activity (a) 9 (4 ) 5 7 (3 ) 4 Other comprehensive income (loss) $ 80 $ (3 ) $ 77 $ (272 ) $ (26 ) $ (298 ) Losses on interest rate swap contracts Unrealized losses $ (13 ) $ 5 $ (8 ) $ (19 ) $ 7 $ (12 ) Amount reclassified on hedging activity (a) 2 (2 ) - 7 (3 ) 4 Other comprehensive loss $ (11 ) $ 3 $ (8 ) $ (12 ) $ 4 $ (8 ) Losses on securities Amount reclassified on sale of securities (b) $ - $ - $ - $ (7 ) $ 3 $ (4 ) - Other comprehensive loss $ - $ - $ - $ (7 ) $ 3 $ (4 ) Benefit plan adjustments Unrealized losses $ - $ - $ - $ (2 ) $ - $ (2 ) Reclassification adjustments realized in net income (c) 9 (4 ) 5 26 (9 ) 17 Other comprehensive income $ 9 $ (4 ) $ 5 $ 24 $ (9 ) $ 15 For the three months ended March 31, 2015 For the nine months ended March 31, 2015 Before tax Tax (provision) benefit Net of tax Before tax Tax (provision) benefit Net of tax (in millions) Foreign currency translation adjustments Unrealized losses $ (452 ) $ 71 $ (381 ) $ (1,870 ) $ 260 $ (1,610 ) Amount reclassified on hedging activity (a) 4 (1 ) 3 (126 ) (1 ) (127 ) Amount reclassified on dispositions (b) - - - (253 ) - (253 ) Other comprehensive loss $ (448 ) $ 70 $ (378 ) $ (2,249 ) $ 259 $ (1,990 ) Gains and losses on securities Unrealized (losses) gains $ (1 ) $ - $ (1 ) $ 236 $ (83 ) $ 153 Amount reclassified on sale of securities (b) - - - (325 ) 114 (211 ) Other comprehensive loss $ (1 ) $ - $ (1 ) $ (89 ) $ 31 $ (58 ) Benefit plan adjustments Reclassification adjustments realized in net income (c) $ 10 $ (3 ) $ 7 $ 32 $ (11 ) $ 21 Other comprehensive income $ 10 $ (3 ) $ 7 $ 32 $ (11 ) $ 21 (a) Reclassifications of amounts related to hedging activity are included in Revenues, Operating expenses, Selling, general and administrative expenses, Interest expense, net or Other, net, as appropriate, in the Unaudited Consolidated Statements of Operations for the three and nine months ended March 31, 2016 and 2015 (See Note 6 – Fair Value for additional information regarding hedging activity). (b) Reclassifications of amounts related to dispositions and gains and losses on securities are included in Equity (losses) earnings of affiliates or Other, net, as appropriate, in the Unaudited Consolidated Statements of Operations for the three and nine months ended March 31, 2016 and 2015. (c) Reclassifications of amounts related to benefit plan adjustments are included in Selling, general and administrative expenses in the Unaudited Consolidated Statements of Operations for the three and nine months ended March 31, 2016 and 2015.
Computation of Numerator for Earnings Per Share	The following table sets forth the Company’s computation of Income from continuing operations attributable to Twenty-First Century Fox stockholders: For the three months ended March 31, For the nine months ended March 31, 2016 2015 2016 2015 (in millions) Income from continuing operations $ 928 $ 1,057 $ 2,418 $ 8,457 Less: Net income attributable to noncontrolling interests (84 ) (67 ) (222 ) (200 ) Income from continuing operations attributable to Twenty-First Century Fox stockholders $ 844 $ 990 $ 2,196 $ 8,257
Schedule of Dividends Declared	The following table summarizes the dividends declared per share on both the Company’s Class A Common Stock and the Class B Common Stock: For the three months ended March 31, For the nine months ended March 31, 2016 2015 2016 2015 Cash dividend per share $ 0.150 $ 0.150 $ 0.300 $ 0.275

Equity-Based Compensation (Tabl

Equity-Based Compensation (Tables)	9 Months Ended
	Mar. 31, 2016
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Summary of Equity-Based Compensation	The following table summarizes the Company’s equity-based compensation transactions: For the nine months ended March 31, 2016 2015 (in millions) Equity-based compensation $ 158 $ 89 Intrinsic value of all settled equity-based awards $ 192 $ 303 Tax benefit on vested equity-based awards $ 69 $ 110

Segment Information (Tables)

Segment Information (Tables)	9 Months Ended
	Mar. 31, 2016
Segment Reporting [Abstract]
Reconciliation of Revenue and Segment OIBDA from Segments to Consolidated	For the three months ended March 31, For the nine months ended March 31, 2016 2015 2016 2015 (in millions) Revenues: Cable Network Programming $ 3,941 $ 3,590 $ 11,108 $ 10,205 Television 1,299 1,237 4,064 3,908 Filmed Entertainment 2,321 2,389 6,467 7,618 Direct Broadcast Satellite Television - - - 2,112 Other, Corporate and Eliminations (333 ) (376 ) (959 ) (1,061 ) Total revenues $ 7,228 $ 6,840 $ 20,680 $ 22,782 Segment OIBDA: Cable Network Programming $ 1,375 $ 1,233 $ 3,931 $ 3,430 Television 125 141 600 605 Filmed Entertainment 470 382 921 1,176 Direct Broadcast Satellite Television - - - 234 Other, Corporate and Eliminations (89 ) (79 ) (306 ) (267 ) Total Segment OIBDA $ 1,881 $ 1,677 $ 5,146 $ 5,178 Amortization of cable distribution investments (18 ) (17 ) (53 ) (61 ) Depreciation and amortization (133 ) (124 ) (391 ) (601 ) Equity (losses) earnings of affiliates (9 ) 330 38 959 Interest expense, net (295 ) (292 ) (888 ) (907 ) Interest income 12 8 28 31 Other, net (47 ) (67 ) (272 ) 5,008 Income from continuing operations before income tax expense 1,391 1,515 3,608 9,607 Income tax expense (463 ) (458 ) (1,190 ) (1,150 ) Income from continuing operations 928 1,057 2,418 8,457 Loss from discontinued operations, net of tax (3 ) (15 ) (8 ) (38 ) Net income 925 1,042 2,410 8,419 Less: Net income attributable to noncontrolling interests (84 ) (67 ) (222 ) (200 ) Net income attributable to Twenty-First Century Fox stockholders $ 841 $ 975 $ 2,188 $ 8,219
Reconciliation of Depreciation and Amortization from Segments to Consolidated	For the three months ended March 31, For the nine months ended March 31, 2016 2015 2016 2015 (in millions) Depreciation and amortization: Cable Network Programming $ 79 $ 70 $ 229 $ 219 Television 29 29 88 84 Filmed Entertainment 20 21 60 84 Direct Broadcast Satellite Television - - - 202 Other, Corporate and Eliminations 5 4 14 12 Total depreciation and amortization $ 133 $ 124 $ 391 $ 601
Reconciliation of Assets from Segments to Consolidated	As of March 31, 2016 As of June 30, 2015 (in millions) Total assets: Cable Network Programming $ 25,151 $ 23,235 Television 7,098 6,646 Filmed Entertainment 9,817 9,105 Other, Corporate and Eliminations 3,027 6,536 Investments 4,155 4,529 Total assets $ 49,248 $ 50,051
Reconciliation of Goodwill and Intangible Assets, Net from Segments to Consolidated	As of March 31, 2016 As of June 30, 2015 (in millions) Goodwill and intangible assets, net: Cable Network Programming $ 13,382 $ 12,746 Television 4,291 4,297 Filmed Entertainment 1,766 1,790 Total goodwill and intangible assets, net $ 19,439 $ 18,833
Reconciliation of Revenue from Components to Consolidated	Revenues by Component For the three months ended March 31, For the nine months ended March 31, 2016 2015 2016 2015 (in millions) Revenues: Affiliate fees $ 2,939 $ 2,740 $ 8,321 $ 7,652 Subscription - - - 1,964 Advertising 1,907 1,840 5,950 5,944 Content 2,288 2,189 6,046 6,938 Other 94 71 363 284 Total revenues $ 7,228 $ 6,840 $ 20,680 $ 22,782

Additional Financial Informat29

Additional Financial Information (Tables)	9 Months Ended
	Mar. 31, 2016
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Supplemental Cash Flows Information	Supplemental Cash Flows Information For the nine months ended March 31, 2016 2015 (in millions) Supplemental cash flows information: Cash paid for income taxes $ (586 ) $ (498 ) Cash paid for interest $ (873 ) $ (908 ) Purchase of other investments $ (229 ) $ (53 ) Supplemental information on acquisitions and additional investments: Fair value of assets acquired $ 1,199 $ 219 Cash acquired 8 - Liabilities assumed (110 ) (2 ) Cash paid (916 ) (142 ) Fair value of equity instruments issued to third parties (a) 181 75 Issuance of subsidiary common units (181 ) (75 ) Fair value of equity instruments consideration $ - $ - (a) Includes Redeemable noncontrolling interests.
Components of Other, net	The following table sets forth the components of Other, net included in the Unaudited Consolidated Statements of Operations: For the three months ended March 31, For the nine months ended March 31, 2016 2015 2016 2015 (in millions) Gain on disposition of DBS businesses (a) $ - $ (11 ) $ - $ 4,984 Gain on disposition of Shine Group (a) - 7 - 70 Investment impairment losses (b) - - (99 ) (3 ) Acquisition related costs (c) - - (66 ) - Restructuring (6 ) (2 ) (14 ) (40 ) Other (d) (41 ) (61 ) (93 ) (3 ) Total other, net $ (47 ) $ (67 ) $ (272 ) $ 5,008 (a) See Note 3 – Acquisitions, Disposals and Other Transactions in the 2015 Form 10-K under the headings “Sky Italia and Sky Deutschland” and “Shine Group” for further discussion of these dispositions. (b) See Note 5 – Investments under the heading “Other” for further discussion. (c) The acquisition related costs for the nine months ended March 31, 2016 are primarily due to the revision of a contingency estimate related to a past acquisition. (d) Other, in fiscal 2015, includes devaluation losses primarily related to the Company’s business activities in Venezuela which operate in a highly inflationary economy. In February 2015, the Venezuelan government introduced a new foreign currency exchange system called the Marginal Currency System (“SIMADI”). Accordingly, the Company has remeasured all its Venezuelan Bolivar denominated net monetary assets at the devalued SIMADI exchange rate. The Company had previously used the Supplementary Foreign Currency Administration System (“SICAD 2”) rate.

Supplemental Guarantor Inform30

Supplemental Guarantor Information (Tables)	9 Months Ended
	Mar. 31, 2016
Condensed Financial Information Of Parent Company Only Disclosure [Abstract]
Supplemental Condensed Consolidating Statements of Operations	TWENTY-FIRST CENTURY FOX, INC. NOTES TO THE UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS Supplemental Condensed Consolidating Statement of Operations For the three months ended March 31, 2016 (in millions) 21st Fox America, Inc. Twenty-First Century Fox Non-Guarantor Reclassifications and Eliminations Twenty-First Century Fox and Subsidiaries Revenues $ 1 $ - $ 7,227 $ - $ 7,228 Expenses (88 ) - (5,410 ) - (5,498 ) Equity losses of affiliates (1 ) - (8 ) - (9 ) Interest expense, net (408 ) (179 ) (17 ) 309 (295 ) Interest income 5 1 315 (309 ) 12 Earnings from subsidiary entities 1,570 1,022 - (2,592 ) - Other, net (6 ) - (41 ) - (47 ) Income from continuing operations before income tax expense 1,073 844 2,066 (2,592 ) 1,391 Income tax expense (358 ) - (689 ) 584 (463 ) Income from continuing operations 715 844 1,377 (2,008 ) 928 Loss from discontinued operations, net of tax - (3 ) - - (3 ) Net income 715 841 1,377 (2,008 ) 925 Less: Net income attributable to noncontrolling interests - - (84 ) - (84 ) Net income attributable to Twenty-First Century Fox stockholders $ 715 $ 841 $ 1,293 $ (2,008 ) $ 841 Comprehensive income attributable to Twenty-First Century Fox stockholders $ 703 $ 915 $ 1,415 $ (2,118 ) $ 915 TWENTY-FIRST CENTURY FOX, INC. NOTES TO THE UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS Supplemental Condensed Consolidating Statement of Operations For the three months ended March 31, 2015 (in millions) 21st Century Fox America, Inc. Twenty-First Century Fox Non-Guarantor Reclassifications and Eliminations Twenty-First Century Fox and Subsidiaries Revenues $ 1 $ - $ 6,839 $ - $ 6,840 Expenses (72 ) - (5,232 ) - (5,304 ) Equity (losses) earnings of affiliates (1 ) - 331 - 330 Interest expense, net (394 ) (173 ) (20 ) 295 (292 ) Interest income - 3 300 (295 ) 8 Earnings from subsidiary entities 1,987 1,171 - (3,158 ) - Other, net (171 ) (11 ) 115 - (67 ) Income from continuing operations before income tax expense 1,350 990 2,333 (3,158 ) 1,515 Income tax expense (425 ) - (593 ) 560 (458 ) Income from continuing operations 925 990 1,740 (2,598 ) 1,057 Loss from discontinued operations, net of tax - (15 ) - - (15 ) Net income 925 975 1,740 (2,598 ) 1,042 Less: Net income attributable to noncontrolling interests - - (67 ) - (67 ) Net income attributable to Twenty-First Century Fox stockholders $ 925 $ 975 $ 1,673 $ (2,598 ) $ 975 Comprehensive income attributable to Twenty-First Century Fox stockholders $ 459 $ 603 $ 1,210 $ (1,669 ) $ 603 Supplemental Condensed Consolidating Statement of Operations For the nine months ended March 31, 2016 (in millions) 21st Century Fox America, Inc. Twenty-First Century Fox Non-Guarantor Reclassifications and Eliminations Twenty-First Century Fox and Subsidiaries Revenues $ 1 $ - $ 20,679 $ - $ 20,680 Expenses (283 ) - (15,695 ) - (15,978 ) Equity (losses) earnings of affiliates (2 ) - 40 - 38 Interest expense, net (1,212 ) (532 ) (56 ) 912 (888 ) Interest income 6 3 931 (912 ) 28 Earnings from subsidiary entities 4,803 2,725 - (7,528 ) - Other, net (114 ) - (158 ) - (272 ) Income from continuing operations before income tax expense 3,199 2,196 5,741 (7,528 ) 3,608 Income tax expense (1,055 ) - (1,894 ) 1,759 (1,190 ) Income from continuing operations 2,144 2,196 3,847 (5,769 ) 2,418 Loss from discontinued operations, net of tax - (8 ) - - (8 ) Net income 2,144 2,188 3,847 (5,769 ) 2,410 Less: Net income attributable to noncontrolling interests - - (222 ) - (222 ) Net income attributable to Twenty-First Century Fox stockholders $ 2,144 $ 2,188 $ 3,625 $ (5,769 ) $ 2,188 Comprehensive income attributable to Twenty-First Century Fox stockholders $ 1,657 $ 1,893 $ 3,301 $ (4,958 ) $ 1,893 TWENTY-FIRST CENTURY FOX, INC. NOTES TO THE UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS Supplemental Condensed Consolidating Statement of Operations For the nine months ended March 31, 2015 (in millions) 21st Century Fox America, Inc. Twenty-First Century Fox Non-Guarantor Reclassifications and Eliminations Twenty-First Century Fox and Subsidiaries Revenues $ 1 $ - $ 22,781 $ - $ 22,782 Expenses (241 ) - (18,025 ) - (18,266 ) Equity (losses) earnings of affiliates (2 ) - 961 - 959 Interest expense, net (1,188 ) (463 ) (78 ) 822 (907 ) Interest income 8 4 841 (822 ) 31 Earnings from subsidiary entities 10,513 8,727 - (19,240 ) - Other, net (18 ) (11 ) 5,037 - 5,008 Income from continuing operations before income tax expense 9,073 8,257 11,517 (19,240 ) 9,607 Income tax expense (1,085 ) - (1,378 ) 1,313 (1,150 ) Income from continuing operations 7,988 8,257 10,139 (17,927 ) 8,457 Loss from discontinued operations, net of tax - (38 ) - - (38 ) Net income 7,988 8,219 10,139 (17,927 ) 8,419 Less: Net income attributable to noncontrolling interests - - (200 ) - (200 ) Net income attributable to Twenty-First Century Fox stockholders $ 7,988 $ 8,219 $ 9,939 $ (17,927 ) $ 8,219 Comprehensive income attributable to Twenty-First Century Fox stockholders $ 5,925 $ 6,406 $ 7,858 $ (13,783 ) $ 6,406
Supplemental Condensed Consolidating Balance Sheets	TWENTY-FIRST CENTURY FOX, INC. NOTES TO THE UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS Supplemental Condensed Consolidating Balance Sheet As of March 31, 2016 (in millions) 21st Century Fox America, Inc. Twenty-First Century Fox Non-Guarantor Reclassifications and Eliminations Twenty-First Century Fox and Subsidiaries ASSETS Current assets: Cash and cash equivalents $ 764 $ 2,594 $ 1,635 $ - $ 4,993 Receivables, net 16 - 6,741 (1 ) 6,756 Inventories, net - - 3,522 - 3,522 Other 15 - 334 - 349 Total current assets 795 2,594 12,232 (1 ) 15,620 Non-current assets: Receivables, net 15 - 446 - 461 Inventories, net - - 7,108 - 7,108 Property, plant and equipment, net 215 - 1,445 - 1,660 Intangible assets, net - - 6,707 - 6,707 Goodwill - - 12,732 - 12,732 Other non-current assets 388 - 417 - 805 Investments: Investments in associated companies and other investments 136 37 3,982 - 4,155 Intragroup investments 97,639 55,559 - (153,198 ) - Total investments 97,775 55,596 3,982 (153,198 ) 4,155 TOTAL ASSETS $ 99,188 $ 58,190 $ 45,069 $ (153,199 ) $ 49,248 LIABILITIES AND EQUITY Current liabilities: Borrowings $ 400 $ - $ 75 $ - $ 475 Other current liabilities 468 406 6,928 (1 ) 7,801 Total current liabilities 868 406 7,003 (1 ) 8,276 Non-current liabilities: Borrowings 17,878 - 1,392 - 19,270 Other non-current liabilities 537 - 5,104 - 5,641 Intercompany 37,281 43,313 (80,594 ) - - Redeemable noncontrolling interests - - 511 - 511 Total equity 42,624 14,471 111,653 (153,198 ) 15,550 TOTAL LIABILITIES AND EQUITY $ 99,188 $ 58,190 $ 45,069 $ (153,199 ) $ 49,248 TWENTY-FIRST CENTURY FOX, INC. NOTES TO THE UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS Supplemental Condensed Consolidating Balance Sheet As of June 30, 2015 (in millions) 21st Century Fox America, Inc. Twenty-First Century Fox Non-Guarantor Reclassifications and Eliminations Twenty-First Century Fox and Subsidiaries ASSETS Current assets: Cash and cash equivalents $ 767 $ 5,913 $ 1,748 $ - $ 8,428 Receivables, net 11 - 5,902 (1 ) 5,912 Inventories, net - - 2,749 - 2,749 Other 14 - 273 - 287 Total current assets 792 5,913 10,672 (1 ) 17,376 Non-current assets: Receivables, net 15 - 379 - 394 Inventories, net - - 6,411 - 6,411 Property, plant and equipment, net 230 - 1,492 - 1,722 Intangible assets, net - - 6,320 - 6,320 Goodwill - - 12,513 - 12,513 Other non-current assets 384 - 402 - 786 Investments: Investments in associated companies and other investments 50 22 4,457 - 4,529 Intragroup investments 92,821 53,278 - (146,099 ) - Total investments 92,871 53,300 4,457 (146,099 ) 4,529 TOTAL ASSETS $ 94,292 $ 59,213 $ 42,646 $ (146,100 ) $ 50,051 LIABILITIES AND EQUITY Current liabilities: Borrowings $ 200 $ - $ 44 $ - $ 244 Other current liabilities 467 74 6,478 (1 ) 7,018 Total current liabilities 667 74 6,522 (1 ) 7,262 Non-current liabilities: Borrowings 17,278 - 1,517 - 18,795 Other non-current liabilities 571 - 4,616 - 5,187 Intercompany 35,999 41,919 (77,918 ) - - Redeemable noncontrolling interests - - 621 - 621 Total equity 39,777 17,220 107,288 (146,099 ) 18,186 TOTAL LIABILITIES AND EQUITY $ 94,292 $ 59,213 $ 42,646 $ (146,100 ) $ 50,051
Supplemental Condensed Consolidating Statements of Cash Flows	TWENTY-FIRST CENTURY FOX, INC. NOTES TO THE UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS Supplemental Condensed Consolidating Statement of Cash Flows For the nine months ended March 31, 2016 (in millions) 21st Fox America, Inc. Twenty-First Century Fox Non-Guarantor Reclassifications and Eliminations Twenty-First Century Fox and Subsidiaries Operating activities: Net cash (used in) provided by operating activities from continuing operations $ (585 ) $ 1,569 $ 1,028 $ - $ 2,012 Investing activities: Property, plant and equipment (5 ) - (151 ) - (156 ) Investments (185 ) (586 ) (453 ) - (1,224 ) Net cash used in investing activities from continuing operations (190 ) (586 ) (604 ) - (1,380 ) Financing activities: Borrowings 987 - 208 - 1,195 Repayment of borrowings (200 ) - (302 ) - (502 ) Excess tax benefit from equity-based compensation - 11 - - 11 Repurchase of shares - (3,958 ) - - (3,958 ) Dividends paid and distributions - (299 ) (166 ) - (465 ) Purchase of subsidiary shares from noncontrolling interests - (56 ) (231 ) - (287 ) Net cash provided by (used in) financing activities from continuing operations 787 (4,302 ) (491 ) - (4,006 ) Discontinued operations: Net decrease in cash and cash equivalents from discontinued operations (15 ) - - - (15 ) Net decrease in cash and cash equivalents (3 ) (3,319 ) (67 ) - (3,389 ) Cash and cash equivalents, beginning of year 767 5,913 1,748 - 8,428 Exchange movement on cash balances - - (46 ) - (46 ) Cash and cash equivalents, end of period $ 764 $ 2,594 $ 1,635 $ - $ 4,993 TWENTY-FIRST CENTURY FOX, INC. NOTES TO THE UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS Supplemental Condensed Consolidating Statement of Cash Flows For the nine months ended March 31, 2015 (in millions) 21st Century Fox America, Inc. Twenty-First Century Fox Non-Guarantor Reclassifications and Eliminations Twenty-First Century Fox and Subsidiaries Operating activities: Net cash (used in) provided by operating activities from continuing operations $ (276 ) $ 1,675 $ 1,224 $ - $ 2,623 Investing activities: Property, plant and equipment (84 ) - (236 ) - (320 ) Investments (127 ) (3 ) (1,173 ) - (1,303 ) Proceeds from dispositions, net 79 8,582 (51 ) - 8,610 Net cash (used in) provided by investing activities from continuing operations (132 ) 8,579 (1,460 ) - 6,987 Financing activities: Borrowings 1,191 - 1,343 - 2,534 Repayment of borrowings (750 ) - (1,424 ) - (2,174 ) Excess tax benefit from equity-based compensation - 49 - - 49 Repurchase of shares - (4,784 ) - - (4,784 ) Dividends paid and distributions - (273 ) (221 ) - (494 ) Purchase of subsidiary shares from noncontrolling interests - (650 ) - - (650 ) Net cash provided by (used in) financing activities from continuing operations 441 (5,658 ) (302 ) - (5,519 ) Discontinued operations: Net decrease in cash and cash equivalents from discontinued operations (38 ) - - - (38 ) Net (decrease) increase in cash and cash equivalents (5 ) 4,596 (538 ) - 4,053 Cash and cash equivalents, beginning of year 473 3,120 1,822 - 5,415 Exchange movement on cash balances - - (192 ) - (192 ) Cash and cash equivalents, end of period $ 468 $ 7,716 $ 1,092 $ - $ 9,276

Basis of Presentation (Narrativ

Basis of Presentation (Narrative) (Details) - Segment	9 Months Ended
	Mar. 31, 2016	Nov. 12, 2014
Basis of Presentation [Abstract]
Number of Reportable Segments	5
Sky Deutschland
Basis of Presentation [Abstract]
Disposal date	Nov. 12, 2014
Subsidiary Ownership Percentage		57.00%

Acquisitions, Disposals and O32

Acquisitions, Disposals and Other Transactions (Narrative) (Details) - USD ($) $ in Millions	1 Months Ended				9 Months Ended
	Feb. 29, 2016	Dec. 31, 2015	Nov. 30, 2015	Feb. 28, 2015	Mar. 31, 2016	Mar. 31, 2015
Business Acquisition [Line Items]
Purchase of subsidiary shares from noncontrolling interests					$ 287	$ 650
Business acquisition, cost of acquired entity, cash paid					$ 916	$ 142
MAA Television Network
Business Acquisition [Line Items]
Effective Date of Acquisition					Dec. 31, 2015
Business acquisition, cost of acquired entity, cash paid		$ 346
Business acquisition purchase price allocation intangible assets including goodwill		285
Business acquisition purchase price allocation intangible assets other than goodwill		$ 75
MAA Television Network | Multi-Channel Video Programming Distributor Affiliate Agreements and Relationships
Business Acquisition [Line Items]
Useful life of amortizable intangible assets		12 years
MAA Television Network | Advertiser Relationships
Business Acquisition [Line Items]
Useful life of amortizable intangible assets		9 years
MAA Television Network | Trade Names
Business Acquisition [Line Items]
Useful life of amortizable intangible assets		10 years
trueX media inc
Business Acquisition [Line Items]
Effective Date of Acquisition					Feb. 28, 2015
Business acquisition purchase price allocation intangible assets including goodwill				$ 125
Business acquisition purchase price allocation intangible assets other than goodwill				25
Payments To Acquire Businesses				$ 175
National Geographic Partners
Business Acquisition [Line Items]
Cash contributed to a consolidated subsidiary			$ 625
Preliminary allocation of cash paid to NGS			$ 625
Subsidiary Ownership Percentage			73.00%
Purchase of subsidiary shares from noncontrolling interests			$ 55
National Geographic Partners | Trademark License
Business Acquisition [Line Items]
Business acquisition, intangible asset, cash paid			440
National Geographic Partners | NGS Media Business
Business Acquisition [Line Items]
Effective Date of Acquisition					Nov. 30, 2015
Business acquisition purchase price allocation, certain intangible assets and other net assets			$ 130
Useful life of amortizable intangible assets			5 years
Regional Sports Network
Business Acquisition [Line Items]
Purchase of subsidiary shares from noncontrolling interests	$ 225
Percentage of ownership interest acquired	7.00%
Subsidiary ownership percentage including ownership interest acquired	100.00%

Receivables, Net (Schedule of R

Receivables, Net (Schedule of Receivables, Net) (Details) - USD ($) $ in Millions	Mar. 31, 2016	Jun. 30, 2015
Receivables [Abstract]
Total receivables	$ 7,834	$ 6,812
Allowances for returns and doubtful accounts	(617)	(506)
Total receivables, net	7,217	6,306
Less: current receivables, net	(6,756)	(5,912)
Non-current receivables, net	$ 461	$ 394

Inventories, Net (Schedule of I

Inventories, Net (Schedule of Inventories, Net) (Details) - USD ($) $ in Millions		Mar. 31, 2016	Jun. 30, 2015
Inventory Disclosure [Abstract]
Programming rights		$ 6,510	$ 5,496
DVDs, Blu-rays and other merchandise		78	67
Films:
Released		1,193	1,094
Completed, not released		6	27
In production		1,099	1,170
In development or preproduction		253	185
Films, Total		2,551	2,476
Television productions:
Released		1,000	868
In production		491	252
In development or preproduction			1
Television productions, Total		1,491	1,121
Total filmed entertainment costs, less accumulated amortization	[1]	4,042	3,597
Total inventories, net		10,630	9,160
Less: current portion of inventories, net	[2]	(3,522)	(2,749)
Total non-current inventories, net		$ 7,108	$ 6,411
[1]	Does not include $280 million and $304 million of net intangible film library costs as of March 31, 2016 and June 30, 2015, respectively, which were included in intangible assets subject to amortization in the Consolidated Balance Sheets.
[2]	Current portion of inventories, net as of March 31, 2016 and June 30, 2015 was comprised of programming rights ($3,444 million and $2,682 million, respectively), DVDs, Blu-rays and other merchandise.

Inventories, Net (Schedule of35

Inventories, Net (Schedule of Inventories, Net) (Parenthetical) (Details) - USD ($) $ in Millions		Mar. 31, 2016	Jun. 30, 2015
Inventory [Line Items]
Current portion of inventories, net	[1]	$ 3,522	$ 2,749
Acquired Film Libraries
Inventory [Line Items]
Intangible assets subject to amortization, net		280	304
Programming Rights
Inventory [Line Items]
Current portion of inventories, net		$ 3,444	$ 2,682
[1]	Current portion of inventories, net as of March 31, 2016 and June 30, 2015 was comprised of programming rights ($3,444 million and $2,682 million, respectively), DVDs, Blu-rays and other merchandise.

Investments (Schedule of Invest

Investments (Schedule of Investments) (Details) - USD ($) $ in Millions		Mar. 31, 2016		Jun. 30, 2015	Jul. 31, 2014
Investment Holdings [Line Items]
Other investments		$ 417		$ 441
Total investments		$ 4,155		4,529
Sky
Investment Holdings [Line Items]
Percentage of ownership		39.00%	[1],[2]		39.00%
Equity method investments	[1],[2]	$ 3,150		3,382
Endemol Shine Group
Investment Holdings [Line Items]
Percentage of ownership	[1]	50.00%
Equity method investments	[1]	$ 588		$ 706
[1]	Equity method investment.
[2]	The Company’s investment in Sky had a market value of $9.9 billion as of March 31, 2016 determined using its quoted market price on the London Stock Exchange (a Level 1 measurement as defined in Note 6 – Fair Value).

Investments (Schedule of Inve37

Investments (Schedule of Investments) (Parenthetical) (Details) $ in Billions	Mar. 31, 2016USD ($)
Quoted Prices in Active Markets for Identical Instruments (Level 1) | Sky
Investment Holdings [Line Items]
Market value of equity method investments	$ 9.9

Investments (Narratives) (Detai

Investments (Narratives) (Details) - USD ($) $ in Millions	1 Months Ended	3 Months Ended			9 Months Ended
	Jul. 31, 2014	Mar. 31, 2016		Mar. 31, 2015	Mar. 31, 2016		Mar. 31, 2015
Investment Holdings [Line Items]
Equity earnings of affiliates		$ (9)		$ 330	$ 38		$ 959
Dividends received from equity affiliates					225		223
Investment in minority equity interest					$ 229		53
Sky
Investment Holdings [Line Items]
Investments in equity affiliates	$ 900
Percentage of ownership	39.00%	39.00%	[1],[2]		39.00%	[1],[2]
Dividends received from equity affiliates					$ 210		210
Sky | Sky Betting & Gaming
Investment Holdings [Line Items]
Equity earnings of affiliates				$ 350
Sky | NGC International, Sky Betting & Gaming and ITV plc
Investment Holdings [Line Items]
Equity earnings of affiliates							$ 830
DraftKings, Inc.
Investment Holdings [Line Items]
Investment in minority equity interest					160
Investment impairment					$ 95
[1]	Equity method investment.
[2]	The Company’s investment in Sky had a market value of $9.9 billion as of March 31, 2016 determined using its quoted market price on the London Stock Exchange (a Level 1 measurement as defined in Note 6 – Fair Value).

Fair Value (Schedule of Financi

Fair Value (Schedule of Financial Assets and Liabilities Carried at Fair Value on a Recurring Basis) (Details) - USD ($) $ in Millions		Mar. 31, 2016	Jun. 30, 2015
Liabilities
Redeemable noncontrolling interests		$ (511)	$ (621)
Fair value measurements recurring
Assets
Derivatives	[1]	12	4
Investments	[2]		18
Liabilities
Derivatives	[1]	(38)	(34)
Contingent consideration	[3]	(114)	(114)
Redeemable noncontrolling interests		(511)	(621)
Total		(651)	(747)
Fair value measurements recurring | Quoted Prices in Active Markets for Identical Instruments (Level 1)
Assets
Investments	[2]		18
Liabilities
Total			18
Fair value measurements recurring | Significant Other Observable Inputs (Level 2)
Assets
Derivatives	[1]	12	4
Liabilities
Derivatives	[1]	(38)	(34)
Total		(26)	(30)
Fair value measurements recurring | Significant Unobservable Inputs (Level 3)
Liabilities
Contingent consideration	[3]	(114)	(114)
Redeemable noncontrolling interests		(511)	(621)
Total		$ (625)	$ (735)
[1]	Represents derivatives associated with the Company’s foreign currency forward contracts and interest rate swap contracts.
[2]	Available-for-sale securities.
[3]	Represents contingent consideration related to the acquisitions of Eredivisie Media & Marketing and SportsTime Ohio in fiscal 2013.

Fair Value (Narrative) (Details

Fair Value (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Mar. 31, 2016	Mar. 31, 2015
Minority shareholder's put right exercisable period
Minority shareholder's put right exercisable period			One minority shareholder’s put right will become exercisable in March 2017. The remaining redeemable noncontrolling interests are currently not exercisable.
Other Comprehensive Income (Loss), Derivatives Qualifying as Hedges, before Tax [Abstract]
Unrealized (losses) gains on hedging activity, before tax	$ (41)	$ (10)	$ (13)	$ 121
Foreign Currency Cash Flow Hedges [Abstract]
Number of years to reclassify the cumulative change in fair value of cash flow hedges, foreign currency forward contracts			3 years
Interest Rate Cash Flow Hedges [Abstract]
Number of years to reclassify the cumulative change in fair value of cash flow hedges, interest rate swap			4 years

Fair Value (Liabilities Measure

Fair Value (Liabilities Measured on Recurring Basis) (Details) - Redeemable Noncontrolling Interests - USD ($) $ in Millions		3 Months Ended		9 Months Ended
		Mar. 31, 2016	Mar. 31, 2015	Mar. 31, 2016	Mar. 31, 2015
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning of period		$ (617)	$ (547)	$ (621)	$ (541)
Net income		(36)	(30)	(96)	(83)
Issuances		(73)	(75)	(73)	(75)
Repurchases	[1]	225		225
Distributions and other		(10)	14	54	61
End of period		$ (511)	$ (638)	$ (511)	$ (638)
[1]	See Note 2 – Acquisitions, Disposals and Other Transactions under the heading “Other”.

Fair Value (Borrowings) (Detail

Fair Value (Borrowings) (Details) - USD ($) $ in Millions	Mar. 31, 2016	Jun. 30, 2015
Fair Value Disclosures [Abstract]
Fair value	$ 23,140	$ 21,998
Carrying value	$ 19,745	$ 19,039

Fair Value (Schedule of Finan43

Fair Value (Schedule of Financial Instruments Used to Hedge Certain Exposures to Foreign Currency Exchange Risks) (Details) - Foreign Currency Forward Contracts - USD ($) $ in Millions	Mar. 31, 2016	Jun. 30, 2015
Economic hedges
Derivatives Fair Value [Line Items]
Notional Amount	$ 45
Fair Value	(1)
Cash Flow Hedges | Designated as Hedging Instrument
Derivatives Fair Value [Line Items]
Notional Amount	858	$ 903
Fair Value	$ (9)	(13)
Net Investment Hedges | Designated as Hedging Instrument
Derivatives Fair Value [Line Items]
Notional Amount		198
Fair Value		$ (13)

Fair Value (Schedule of Finan44

Fair Value (Schedule of Financial Instruments Used to Hedge Certain Exposures to Interest Rate Risks) (Details) - Interest Rate Swap Contracts - USD ($) $ in Millions	Mar. 31, 2016	Jun. 30, 2015
Economic hedges
Derivatives Fair Value [Line Items]
Notional Amount		$ 255
Fair Value		0
Cash Flow Hedges | Designated as Hedging Instrument
Derivatives Fair Value [Line Items]
Notional Amount	$ 706	723
Fair Value	$ (16)	$ (4)

Borrowings (Narrative) (Details

Borrowings (Narrative) (Details) - USD ($)	1 Months Ended	9 Months Ended
	Oct. 31, 2015	Mar. 31, 2016
Term Loans | Yankees Entertainment and Sports Network
Debt Instrument [Line Items]
Principal payment		$ 75,000,000
3.70% Due 2025 | Senior Notes | 21st Century Fox America, Inc.
Debt Instrument [Line Items]
Face amount of debt	$ 600,000,000
Stated interest rate of debt instrument	3.70%
Senior notes, maturity year	2,025
4.95% Due 2045 | Senior Notes | 21st Century Fox America, Inc.
Debt Instrument [Line Items]
Face amount of debt	$ 400,000,000
Stated interest rate of debt instrument	4.95%
Senior notes, maturity year	2,045
3.70% Due 2025 and 4.95% Due 2045 | Senior Notes | 21st Century Fox America, Inc.
Debt Instrument [Line Items]
Net proceeds from issuance of senior notes	$ 987,000,000
7.60% Due 2015 | Senior Notes
Debt Instrument [Line Items]
Stated interest rate of debt instrument	7.60%
Senior notes retired	$ 200,000,000
8.00% Due 2016 | Senior Notes
Debt Instrument [Line Items]
Stated interest rate of debt instrument		8.00%
Senior notes, current		$ 400,000,000
Senior notes, maturity date		Oct. 31, 2016

Stockholders' Equity (Schedule

Stockholders' Equity (Schedule of Changes in Stockholders' Equity) (Details) - USD ($) $ in Millions		3 Months Ended		9 Months Ended
		Mar. 31, 2016	Mar. 31, 2015	Mar. 31, 2016	Mar. 31, 2015
Increase (Decrease) in Stockholders' Equity
Balance, beginning of period		$ 15,495	$ 20,788	$ 18,186	$ 20,901
Net income		889	1,012	2,314	8,336
Other comprehensive income (loss)		74	(372)	(295)	(2,027)
Cancellation of shares, net		(740)	(2,046)	(3,897)	(4,592)
Dividends declared		(287)	(313)	(586)	(586)
Purchase of noncontrolling interests	[1]				(650)
Dispositions	[2]				(2,130)
Other		119	(94)	(172)	(277)
Balance, end of period		15,550	18,975	15,550	18,975
Twenty-First Century Fox stockholders
Increase (Decrease) in Stockholders' Equity
Balance, beginning of period		14,504	19,813	17,220	17,418
Net income		841	975	2,188	8,219
Other comprehensive income (loss)		74	(372)	(295)	(1,813)
Cancellation of shares, net		(740)	(2,046)	(3,897)	(4,592)
Dividends declared		(287)	(313)	(586)	(586)
Purchase of noncontrolling interests	[1]				(522)
Other		79	(68)	(159)	(135)
Balance, end of period		14,471	17,989	14,471	17,989
Noncontrolling Interests
Increase (Decrease) in Stockholders' Equity
Balance, beginning of period		991	975	966	3,483
Net income	[3]	48	37	126	117
Other comprehensive income (loss)					(214)
Purchase of noncontrolling interests	[1]				(128)
Dispositions	[2]				(2,130)
Other	[4]	40	(26)	(13)	(142)
Balance, end of period		$ 1,079	$ 986	$ 1,079	$ 986
[1]	Represents the increase in ownership of NGC International (See Note 3 – Acquisitions, Disposals and Other Transactions in the 2015 Form 10-K under the heading “Sky Italia and Sky Deutschland”).
[2]	Represents the noncontrolling interest in Sky Deutschland (See Note 3 – Acquisitions, Disposals and Other Transactions in the 2015 Form 10-K under the heading “Sky Italia and Sky Deutschland”).
[3]	Net income attributable to noncontrolling interests excludes $36 million and $30 million for the three months ended March 31, 2016 and 2015, respectively, and $96 million and $83 million for the nine months ended March 31, 2016 and 2015, respectively, relating to redeemable noncontrolling interests which are reflected in temporary equity.
[4]	Other activity attributable to noncontrolling interests excludes $(142) million and $61 million for the three months ended March 31, 2016 and 2015, respectively, and $(206) million and $14 million for the nine months ended March 31, 2016 and 2015, respectively, relating to redeemable noncontrolling interests.

Stockholders' Equity (Schedul47

Stockholders' Equity (Schedule of Changes in Stockholders' Equity) (Parenthetical) (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Mar. 31, 2016	Mar. 31, 2015
Temporary Equity Disclosure
Net income attributable to redeemable noncontrolling interests	$ 36	$ 30	$ 96	$ 83
Other activity attributable to redeemable noncontrolling interests	$ (142)	$ 61	$ (206)	$ 14

Stockholders' Equity (Other Com

Stockholders' Equity (Other Comprehensive Income) (Details) - USD ($) $ in Millions		3 Months Ended		9 Months Ended
		Mar. 31, 2016	Mar. 31, 2015	Mar. 31, 2016	Mar. 31, 2015
Foreign currency translation adjustments
Unrealized gains (losses) on foreign currency translation, before reclassification adjustment, before tax		$ 71	$ (452)	$ (279)	$ (1,870)
Amount reclassified on dispositions, before tax	[1]				(253)
Foreign currency translation adjustments, after reclassification, before tax		80	(448)	(272)	(2,249)
Unrealized gains (losses) on foreign currency translation, before reclassification adjustment, tax		1	71	(23)	260
Foreign currency translation adjustments, after reclassification, tax		(3)	70	(26)	259
Unrealized gains (losses) on foreign currency translation, before reclassification adjustment, net of tax		72	(381)	(302)	(1,610)
Amount reclassified on dispositions, net of tax	[1]		0		(253)
Foreign currency translation adjustments, after reclassification adjustments, net of tax		77	(378)	(298)	(1,990)
Gains and losses on securities
Unrealized (losses) gains on securities, before reclassification adjustment, before tax			(1)		236
Amount reclassified on sale of securities, before tax	[1]			(7)	(325)
Other comprehensive loss on securities, before tax		0	(1)	(7)	(89)
Unrealized (losses) gains on securities, before reclassification adjustment, tax					(83)
Amount reclassified on sale of securities, tax	[1]			3	114
Other comprehensive loss on securities, tax		0	0	3	31
Unrealized (losses) gains on securities, before reclassification adjustment, net of tax			(1)		153
Amount reclassified on sale of securities, net of tax	[1]	0	0	(4)	(211)
Other comprehensive loss on securities, net of tax		0	(1)	(4)	(58)
Benefit plan adjustments
Benefit plan adjustments unrealized losses, before reclassification adjustment, before tax				(2)
Benefit plan reclassification adjustments realized in net income, before tax	[2]	9	10	26	32
Benefit plan adjustments, after reclassification adjustment, before tax		9	10	24	32
Benefit plan reclassification adjustments realized in net income, tax	[2]	(4)	(3)	(9)	(11)
Benefit plan adjustments, after reclassification adjustment, tax		(4)	(3)	(9)	(11)
Benefit plan adjustments unrealized losses, before reclassification adjustment, net of tax		0		(2)
Benefit plan reclassification adjustments realized in net income, net of tax	[2]	5	7	17	21
Benefit plan adjustments, after reclassification adjustment, net of tax		5	7	15	21
Foreign Currency Forward Contracts
Foreign currency translation adjustments
Amount reclassified on hedging activity, before tax	[3]	9	4	7	(126)
Amount reclassified on hedging activity, tax	[3]	(4)	(1)	(3)	(1)
Amount reclassified on hedging activity, net of tax	[3]	5	$ 3	4	$ (127)
Interest Rate Swap Contracts
Losses on interest rate swap contracts
Unrealized losses on interest rate swap contracts, before reclassification adjustment, before tax		(13)		(19)
Amount reclassified on hedging activity, before tax	[3]	2		7
Other comprehensive loss on interest rate swap contracts, before tax		(11)		(12)
Unrealized losses on interest rate swap contracts, before reclassification adjustment, tax		5		7
Amount reclassified on hedging activity, tax	[3]	(2)		(3)
Other comprehensive loss on interest rate swap contracts, tax		3		4
Unrealized losses on interest rate swap contracts, net of tax		(8)		(12)
Amount reclassified on hedging activity, net of tax	[3]	0		4
Other comprehensive loss on interest rate swap contracts, net of tax		$ (8)		$ (8)
[1]	Reclassifications of amounts related to dispositions and gains and losses on securities are included in Equity (losses) earnings of affiliates or Other, net, as appropriate, in the Unaudited Consolidated Statements of Operations for the three and nine months ended March 31, 2016 and 2015.
[2]	Reclassifications of amounts related to benefit plan adjustments are included in Selling, general and administrative expenses in the Unaudited Consolidated Statements of Operations for the three and nine months ended March 31, 2016 and 2015.
[3]	Reclassifications of amounts related to hedging activity are included in Revenues, Operating expenses, Selling, general and administrative expenses, Interest expense, net or Other, net, as appropriate, in the Unaudited Consolidated Statements of Operations for the three and nine months ended March 31, 2016 and 2015 (See Note 6 – Fair Value for additional information regarding hedging activity).

Stockholders' Equity (Earnings

Stockholders' Equity (Earnings Per Share Data) (Details) - USD ($) $ in Millions		3 Months Ended		9 Months Ended
		Mar. 31, 2016	Mar. 31, 2015	Mar. 31, 2016	Mar. 31, 2015
Earnings Per Share Data
Income from continuing operations		$ 928	$ 1,057	$ 2,418	$ 8,457
Less: Net income attributable to noncontrolling interests	[1]	(84)	(67)	(222)	(200)
Income from continuing operations attributable to Twenty-First Century Fox stockholders		$ 844	$ 990	$ 2,196	$ 8,257
[1]	Net income attributable to noncontrolling interests includes $36 million and $30 million for the three months ended March 31, 2016 and 2015, respectively, and $96 million and $83 million for the nine months ended March 31, 2016 and 2015, respectively, relating to redeemable noncontrolling interests.

Stockholders' Equity (Narrative

Stockholders' Equity (Narrative) (Details) - USD ($)	3 Months Ended		9 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Mar. 31, 2016	Mar. 31, 2015	Aug. 31, 2015
Temporary Suspension of Voting Rights [Abstract]
Broadcast station licensee ownership threshold	25.00%		25.00%
Class A Common Stock
Stock Repurchase Program [Abstract]
Stock repurchase program, authorized repurchase amount					$ 5,000,000,000
Stock repurchase program, intended maturity date			2016-08
Stock repurchase program, remaining authorized amount	$ 1,600,000,000		$ 1,600,000,000
Dividends [Abstract]
Cash dividend declared per share	$ 0.150	$ 0.150	$ 0.300	$ 0.275
Cash dividend payable date	2016-04		2016-04
Cash dividend record date	Mar. 9, 2016
Class B Common Stock
Dividends [Abstract]
Cash dividend declared per share	$ 0.150	$ 0.150	$ 0.300	$ 0.275
Cash dividend payable date	2016-04		2016-04
Cash dividend record date	Mar. 9, 2016
Class B Common Stock | Murdoch Family Interests
Temporary Suspension of Voting Rights [Abstract]
Aggregate percentage vote of outstanding shares not subject to suspension of voting rights	38.90%		38.90%
Class B Common Stock | Non U S Stockholders
Temporary Suspension of Voting Rights [Abstract]
Percentage of suspended voting rights	10.00%		10.00%

Stockholders' Equity (Schedul51

Stockholders' Equity (Schedule of Dividends Declared) (Details) - $ / shares	3 Months Ended		9 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Mar. 31, 2016	Mar. 31, 2015
Class A Common Stock
Class Of Stock [Line Items]
Cash dividend per share	$ 0.150	$ 0.150	$ 0.300	$ 0.275
Class B Common Stock
Class Of Stock [Line Items]
Cash dividend per share	$ 0.150	$ 0.150	$ 0.300	$ 0.275

Equity-Based Compensation (Summ

Equity-Based Compensation (Summary of Equity-Based Compensation) (Details) - USD ($) $ in Millions	9 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Equity-based compensation	$ 158	$ 89
Intrinsic value of all settled equity-based awards	192	303
Tax benefit on vested equity-based awards	$ 69	$ 110

Equity-Based Compensation (Narr

Equity-Based Compensation (Narrative) (Details) - USD ($) shares in Millions, $ in Millions	9 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Total compensation costs related to non-vested equity-based awards, not yet recognized	$ 140
Performance Stock Units | Class A Common Stock
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Granted	6.2	4.1
Vested	5.9	7.1
Performance Stock Units | Class A Common Stock | Settled In Cash
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Vested		1.7
Minimum
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Weighted average future period unrecognized compensation cost related to equity based awards is expected to be recognized	1 year
Maximum
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Weighted average future period unrecognized compensation cost related to equity based awards is expected to be recognized	2 years

Commitments and Contingencies (

Commitments and Contingencies (Narrative) (Details) - USD ($) $ in Millions	Mar. 31, 2016	Jun. 30, 2015
Commitments And Contingencies Disclosure [Abstract]
Total firm commitments and future debt payments	$ 85,000	$ 75,000
Contingent guarantees	$ 690	$ 1,300

Segment Information (Narrative)

Segment Information (Narrative) (Details) $ in Millions	3 Months Ended		9 Months Ended
	Mar. 31, 2016USD ($)	Mar. 31, 2015USD ($)	Mar. 31, 2016USD ($)SegmentFullpowertvstationDuopoly	Mar. 31, 2015USD ($)	Nov. 12, 2014
Segment Reporting Information [Line Items]
Number of Reportable Segments | Segment			5
Revenues | $	$ 7,228	$ 6,840	$ 20,680	$ 22,782
Amortization of Intangible Assets | $	64	60	182	243
Sky Deutschland
Segment Reporting Information [Line Items]
Subsidiary Ownership Percentage					57.00%
Filmed Entertainment Segment | Intersegment Eliminations
Segment Reporting Information [Line Items]
Revenues | $	$ (315)	$ (442)	$ (878)	$ (1,002)
US | Television Segment
Segment Reporting Information [Line Items]
Full power broadcast television stations			28
Duopolies | Duopoly			11
US | Television Segment | Fox
Segment Reporting Information [Line Items]
Full power broadcast television stations			17
US | Television Segment | MyNetworkTV
Segment Reporting Information [Line Items]
Full power broadcast television stations			10
US | Television Segment | Independent Station
Segment Reporting Information [Line Items]
Full power broadcast television stations			1

Segment Information (Segment Re

Segment Information (Segment Revenues and Segment OIBDA Reconciliation to Net Income) (Details) - USD ($) $ in Millions		3 Months Ended		9 Months Ended
		Mar. 31, 2016	Mar. 31, 2015	Mar. 31, 2016	Mar. 31, 2015
Segment Reporting Information [Line Items]
Revenues		$ 7,228	$ 6,840	$ 20,680	$ 22,782
Segment OIBDA		1,881	1,677	5,146	5,178
Amortization of cable distribution investments		(18)	(17)	(53)	(61)
Depreciation and amortization		(133)	(124)	(391)	(601)
Equity (losses) earnings of affiliates		(9)	330	38	959
Interest expense, net		(295)	(292)	(888)	(907)
Interest income		12	8	28	31
Other, net		(47)	(67)	(272)	5,008
Income from continuing operations before income tax expense		1,391	1,515	3,608	9,607
Income tax expense		(463)	(458)	(1,190)	(1,150)
Income from continuing operations		928	1,057	2,418	8,457
Loss from discontinued operations, net of tax		(3)	(15)	(8)	(38)
Net income		925	1,042	2,410	8,419
Less: Net income attributable to noncontrolling interests	[1]	(84)	(67)	(222)	(200)
Net income attributable to Twenty-First Century Fox, Inc. stockholders		841	975	2,188	8,219
Operating Segments | Cable Network Programming Segment
Segment Reporting Information [Line Items]
Revenues		3,941	3,590	11,108	10,205
Segment OIBDA		1,375	1,233	3,931	3,430
Depreciation and amortization		(79)	(70)	(229)	(219)
Operating Segments | Television Segment
Segment Reporting Information [Line Items]
Revenues		1,299	1,237	4,064	3,908
Segment OIBDA		125	141	600	605
Depreciation and amortization		(29)	(29)	(88)	(84)
Operating Segments | Filmed Entertainment Segment
Segment Reporting Information [Line Items]
Revenues		2,321	2,389	6,467	7,618
Segment OIBDA		470	382	921	1,176
Depreciation and amortization		(20)	(21)	(60)	(84)
Operating Segments | Direct Broadcast Satellite Television Segment
Segment Reporting Information [Line Items]
Revenues					2,112
Segment OIBDA					234
Depreciation and amortization					(202)
Other, Corporate and Eliminations Segment
Segment Reporting Information [Line Items]
Revenues		(333)	(376)	(959)	(1,061)
Segment OIBDA		(89)	(79)	(306)	(267)
Depreciation and amortization		$ (5)	$ (4)	$ (14)	$ (12)
[1]	Net income attributable to noncontrolling interests includes $36 million and $30 million for the three months ended March 31, 2016 and 2015, respectively, and $96 million and $83 million for the nine months ended March 31, 2016 and 2015, respectively, relating to redeemable noncontrolling interests.

Segment Information (Depreciati

Segment Information (Depreciation and Amortization) (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Mar. 31, 2016	Mar. 31, 2015
Segment Reporting Information [Line Items]
Depreciation and amortization	$ 133	$ 124	$ 391	$ 601
Operating Segments | Cable Network Programming Segment
Segment Reporting Information [Line Items]
Depreciation and amortization	79	70	229	219
Operating Segments | Television Segment
Segment Reporting Information [Line Items]
Depreciation and amortization	29	29	88	84
Operating Segments | Filmed Entertainment Segment
Segment Reporting Information [Line Items]
Depreciation and amortization	20	21	60	84
Operating Segments | Direct Broadcast Satellite Television Segment
Segment Reporting Information [Line Items]
Depreciation and amortization				202
Other, Corporate and Eliminations Segment
Segment Reporting Information [Line Items]
Depreciation and amortization	$ 5	$ 4	$ 14	$ 12

Segment Information (Reconcilia

Segment Information (Reconciliation of Assets from Segments to Consolidated) (Details) - USD ($) $ in Millions	Mar. 31, 2016	Jun. 30, 2015
Segment Reporting Information [Line Items]
Total assets	$ 49,248	$ 50,051
Investments
Segment Reporting Information [Line Items]
Total assets	4,155	4,529
Operating Segments | Cable Network Programming Segment
Segment Reporting Information [Line Items]
Total assets	25,151	23,235
Operating Segments | Television Segment
Segment Reporting Information [Line Items]
Total assets	7,098	6,646
Operating Segments | Filmed Entertainment Segment
Segment Reporting Information [Line Items]
Total assets	9,817	9,105
Other, Corporate and Eliminations Segment
Segment Reporting Information [Line Items]
Total assets	$ 3,027	$ 6,536

Segment Information (Reconcil59

Segment Information (Reconciliation of Goodwill and Intangible Assets, Net from Segments to Consolidated) (Details) - USD ($) $ in Millions	Mar. 31, 2016	Jun. 30, 2015
Segment Reporting Information [Line Items]
Goodwill and intangible assets, net	$ 19,439	$ 18,833
Operating Segments | Cable Network Programming Segment
Segment Reporting Information [Line Items]
Goodwill and intangible assets, net	13,382	12,746
Operating Segments | Television Segment
Segment Reporting Information [Line Items]
Goodwill and intangible assets, net	4,291	4,297
Operating Segments | Filmed Entertainment Segment
Segment Reporting Information [Line Items]
Goodwill and intangible assets, net	$ 1,766	$ 1,790

Segment Information (Reconcil60

Segment Information (Reconciliation of Revenues by Component to Consolidated) (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Mar. 31, 2016	Mar. 31, 2015
Revenues:
Affiliate fees	$ 2,939	$ 2,740	$ 8,321	$ 7,652
Subscription				1,964
Advertising	1,907	1,840	5,950	5,944
Content	2,288	2,189	6,046	6,938
Other	94	71	363	284
Total revenues	$ 7,228	$ 6,840	$ 20,680	$ 22,782

Additional Financial Informat61

Additional Financial Information (Supplemental Cash Flows Information) (Details) - USD ($) $ in Millions		9 Months Ended
		Mar. 31, 2016	Mar. 31, 2015
Supplemental cash flows information:
Cash paid for income taxes		$ (586)	$ (498)
Cash paid for interest		(873)	(908)
Purchase of other investments		(229)	(53)
Supplemental information on acquisitions and additional investments:
Fair value of assets acquired		1,199	219
Cash acquired		8
Liabilities assumed		(110)	(2)
Cash paid		(916)	(142)
Fair value of equity instruments issued to third parties	[1]	181	75
Issuance of subsidiary common units		(181)	(75)
Fair value of equity instruments consideration		$ 0	$ 0
[1]	Includes Redeemable noncontrolling interests.

Additional Financial Informat62

Additional Financial Information (Other, Net) (Details) - USD ($) $ in Millions		3 Months Ended		9 Months Ended
		Mar. 31, 2016	Mar. 31, 2015	Mar. 31, 2016	Mar. 31, 2015
Other Non Operating Income Expense [Line Items]
Investment impairment losses	[1]			$ (99)	$ (3)
Acquisition related costs	[2]			(66)
Restructuring		$ (6)	$ (2)	(14)	(40)
Other	[3]	(41)	(61)	(93)	(3)
Total other, net		$ (47)	(67)	$ (272)	5,008
Sky Italia And Sky Deutschland
Other Non Operating Income Expense [Line Items]
Pre tax gain on exchange or sale of business	[4]		(11)		4,984
Shine Group
Other Non Operating Income Expense [Line Items]
Pre tax gain on exchange or sale of business	[4]		$ 7		$ 70
[1]	See Note 5 – Investments under the heading “Other” for further discussion.
[2]	The acquisition related costs for the nine months ended March 31, 2016 are primarily due to the revision of a contingency estimate related to a past acquisition.
[3]	Other, in fiscal 2015, includes devaluation losses primarily related to the Company’s business activities in Venezuela which operate in a highly inflationary economy. In February 2015, the Venezuelan government introduced a new foreign currency exchange system called the Marginal Currency System (“SIMADI”). Accordingly, the Company has remeasured all its Venezuelan Bolivar denominated net monetary assets at the devalued SIMADI exchange rate. The Company had previously used the Supplementary Foreign Currency Administration System (“SICAD 2”) rate.
[4]	See Note 3 – Acquisitions, Disposals and Other Transactions in the 2015 Form 10-K under the headings “Sky Italia and Sky Deutschland” and “Shine Group” for further discussion of these dispositions.

Additional Financial Informat63

Additional Financial Information (Narrative) (Details) - CLT20 - USD ($)		1 Months Ended	9 Months Ended
		Jul. 31, 2015	Mar. 31, 2016
Other Non Operating Income Expense [Line Items]
Payments	[1]		$ 420,000,000
STAR | Cable Network Programming Segment
Other Non Operating Income Expense [Line Items]
Payments		$ 420,000,000
Contractual obligation related to contract termination		$ 0
[1]	See Note 12 – Additional Financial Information

Supplemental Guarantor Inform64

Supplemental Guarantor Information (Narrative) (Details) - 21st Century Fox America, Inc. - Revolving Credit Facility - Credit Facility $1.4 Billion Due May 2020 - USD ($) $ in Millions	9 Months Ended
	Mar. 31, 2016	May. 31, 2015
Line Of Credit Facility [Line Items]
Credit facility, agreement date	May 31, 2015
Line of Credit Facility, Current Borrowing Capacity		$ 1,400
Sub-limit for maximum amount of letters of credit issuable under revolving credit facility		$ 250
Secured credit facility, maturity date	May 31, 2020

Supplemental Guarantor Inform65

Supplemental Guarantor Information (Supplemental Condensed Consolidating Statements of Operations) (Details) - USD ($) $ in Millions		3 Months Ended		9 Months Ended
		Mar. 31, 2016	Mar. 31, 2015	Mar. 31, 2016	Mar. 31, 2015
Condensed Income Statements Captions [Line Items]
Revenues		$ 7,228	$ 6,840	$ 20,680	$ 22,782
Expenses		(5,498)	(5,304)	(15,978)	(18,266)
Equity (losses) earnings of affiliates		(9)	330	38	959
Interest expense, net		(295)	(292)	(888)	(907)
Interest income		12	8	28	31
Other, net		(47)	(67)	(272)	5,008
Income from continuing operations before income tax expense		1,391	1,515	3,608	9,607
Income tax expense		(463)	(458)	(1,190)	(1,150)
Income from continuing operations		928	1,057	2,418	8,457
Loss from discontinued operations, net of tax		(3)	(15)	(8)	(38)
Net income		925	1,042	2,410	8,419
Less: Net income attributable to noncontrolling interests	[1]	(84)	(67)	(222)	(200)
Net income attributable to Twenty-First Century Fox, Inc. stockholders		841	975	2,188	8,219
Comprehensive income attributable to Twenty-First Century Fox stockholders		915	603	1,893	6,406
Legal Entities | 21st Century Fox America, Inc.
Condensed Income Statements Captions [Line Items]
Revenues		1	1	1	1
Expenses		(88)	(72)	(283)	(241)
Equity (losses) earnings of affiliates		(1)	(1)	(2)	(2)
Interest expense, net		(408)	(394)	(1,212)	(1,188)
Interest income		5		6	8
Earnings from subsidiary entities		1,570	1,987	4,803	10,513
Other, net		(6)	(171)	(114)	(18)
Income from continuing operations before income tax expense		1,073	1,350	3,199	9,073
Income tax expense		(358)	(425)	(1,055)	(1,085)
Income from continuing operations		715	925	2,144	7,988
Net income		715	925	2,144	7,988
Net income attributable to Twenty-First Century Fox, Inc. stockholders		715	925	2,144	7,988
Comprehensive income attributable to Twenty-First Century Fox stockholders		703	459	1,657	5,925
Legal Entities | Twenty-First Century Fox
Condensed Income Statements Captions [Line Items]
Interest expense, net		(179)	(173)	(532)	(463)
Interest income		1	3	3	4
Earnings from subsidiary entities		1,022	1,171	2,725	8,727
Other, net			(11)		(11)
Income from continuing operations before income tax expense		844	990	2,196	8,257
Income from continuing operations		844	990	2,196	8,257
Loss from discontinued operations, net of tax		(3)	(15)	(8)	(38)
Net income		841	975	2,188	8,219
Net income attributable to Twenty-First Century Fox, Inc. stockholders		841	975	2,188	8,219
Comprehensive income attributable to Twenty-First Century Fox stockholders		915	603	1,893	6,406
Legal Entities | Non-Guarantor
Condensed Income Statements Captions [Line Items]
Revenues		7,227	6,839	20,679	22,781
Expenses		(5,410)	(5,232)	(15,695)	(18,025)
Equity (losses) earnings of affiliates		(8)	331	40	961
Interest expense, net		(17)	(20)	(56)	(78)
Interest income		315	300	931	841
Other, net		(41)	115	(158)	5,037
Income from continuing operations before income tax expense		2,066	2,333	5,741	11,517
Income tax expense		(689)	(593)	(1,894)	(1,378)
Income from continuing operations		1,377	1,740	3,847	10,139
Net income		1,377	1,740	3,847	10,139
Less: Net income attributable to noncontrolling interests		(84)	(67)	(222)	(200)
Net income attributable to Twenty-First Century Fox, Inc. stockholders		1,293	1,673	3,625	9,939
Comprehensive income attributable to Twenty-First Century Fox stockholders		1,415	1,210	3,301	7,858
Reclassifications and Eliminations
Condensed Income Statements Captions [Line Items]
Interest expense, net		309	295	912	822
Interest income		(309)	(295)	(912)	(822)
Earnings from subsidiary entities		(2,592)	(3,158)	(7,528)	(19,240)
Income from continuing operations before income tax expense		(2,592)	(3,158)	(7,528)	(19,240)
Income tax expense		584	560	1,759	1,313
Income from continuing operations		(2,008)	(2,598)	(5,769)	(17,927)
Net income		(2,008)	(2,598)	(5,769)	(17,927)
Net income attributable to Twenty-First Century Fox, Inc. stockholders		(2,008)	(2,598)	(5,769)	(17,927)
Comprehensive income attributable to Twenty-First Century Fox stockholders		$ (2,118)	$ (1,669)	$ (4,958)	$ (13,783)
[1]	Net income attributable to noncontrolling interests includes $36 million and $30 million for the three months ended March 31, 2016 and 2015, respectively, and $96 million and $83 million for the nine months ended March 31, 2016 and 2015, respectively, relating to redeemable noncontrolling interests.

Supplemental Guarantor Inform66

Supplemental Guarantor Information (Supplemental Condensed Consolidating Balance Sheets) (Details) - USD ($) $ in Millions		Mar. 31, 2016	Dec. 31, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Jun. 30, 2014
Current assets:
Cash and cash equivalents		$ 4,993		$ 8,428	$ 9,276		$ 5,415
Receivables, net		6,756		5,912
Inventories, net	[1]	3,522		2,749
Other		349		287
Total current assets		15,620		17,376
Non-current assets:
Receivables, net		461		394
Inventories, net		7,108		6,411
Property, plant and equipment, net		1,660		1,722
Intangible assets, net		6,707		6,320
Goodwill		12,732		12,513
Other non-current assets		805		786
Investments:
Investments in associated companies and other investments		4,155		4,529
Total investments		4,155		4,529
Total assets		49,248		50,051
Current liabilities:
Borrowings		475		244
Other current liabilities		7,801		7,018
Total current liabilities		8,276		7,262
Non-current liabilities:
Borrowings		19,270		18,795
Other non-current liabilities		5,641		5,187
Redeemable noncontrolling interests		511		621
Total equity		15,550	$ 15,495	18,186	18,975	$ 20,788	20,901
Total liabilities and equity		49,248		50,051
Legal Entities | 21st Century Fox America, Inc.
Current assets:
Cash and cash equivalents		764		767	468		473
Receivables, net		16		11
Other		15		14
Total current assets		795		792
Non-current assets:
Receivables, net		15		15
Property, plant and equipment, net		215		230
Other non-current assets		388		384
Investments:
Investments in associated companies and other investments		136		50
Intragroup investments		97,639		92,821
Total investments		97,775		92,871
Total assets		99,188		94,292
Current liabilities:
Borrowings		400		200
Other current liabilities		468		467
Total current liabilities		868		667
Non-current liabilities:
Borrowings		17,878		17,278
Other non-current liabilities		537		571
Intercompany		37,281		35,999
Total equity		42,624		39,777
Total liabilities and equity		99,188		94,292
Legal Entities | Twenty-First Century Fox
Current assets:
Cash and cash equivalents		2,594		5,913	7,716		3,120
Total current assets		2,594		5,913
Investments:
Investments in associated companies and other investments		37		22
Intragroup investments		55,559		53,278
Total investments		55,596		53,300
Total assets		58,190		59,213
Current liabilities:
Other current liabilities		406		74
Total current liabilities		406		74
Non-current liabilities:
Intercompany		43,313		41,919
Total equity		14,471		17,220
Total liabilities and equity		58,190		59,213
Legal Entities | Non-Guarantor
Current assets:
Cash and cash equivalents		1,635		1,748	1,092		1,822
Receivables, net		6,741		5,902
Inventories, net		3,522		2,749
Other		334		273
Total current assets		12,232		10,672
Non-current assets:
Receivables, net		446		379
Inventories, net		7,108		6,411
Property, plant and equipment, net		1,445		1,492
Intangible assets, net		6,707		6,320
Goodwill		12,732		12,513
Other non-current assets		417		402
Investments:
Investments in associated companies and other investments		3,982		4,457
Total investments		3,982		4,457
Total assets		45,069		42,646
Current liabilities:
Borrowings		75		44
Other current liabilities		6,928		6,478
Total current liabilities		7,003		6,522
Non-current liabilities:
Borrowings		1,392		1,517
Other non-current liabilities		5,104		4,616
Intercompany		(80,594)		(77,918)
Redeemable noncontrolling interests		511		621
Total equity		111,653		107,288
Total liabilities and equity		45,069		42,646
Reclassifications and Eliminations
Current assets:
Cash and cash equivalents		0		0	$ 0		$ 0
Receivables, net		(1)		(1)
Total current assets		(1)		(1)
Investments:
Intragroup investments		(153,198)		(146,099)
Total investments		(153,198)		(146,099)
Total assets		(153,199)		(146,100)
Current liabilities:
Other current liabilities		(1)		(1)
Total current liabilities		(1)		(1)
Non-current liabilities:
Total equity		(153,198)		(146,099)
Total liabilities and equity		$ (153,199)		$ (146,100)
[1]	Current portion of inventories, net as of March 31, 2016 and June 30, 2015 was comprised of programming rights ($3,444 million and $2,682 million, respectively), DVDs, Blu-rays and other merchandise.

Supplemental Guarantor Inform67

Supplemental Guarantor Information (Supplemental Condensed Consolidating Statements of Cash Flows) (Details) - USD ($) $ in Millions	9 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Operating activities:
Net cash provided by operating activities from continuing operations	$ 2,012	$ 2,623
Investing activities:
Property, plant and equipment	(156)	(320)
Investments	(1,224)	(1,303)
Proceeds from dispositions, net		8,610
Net cash (used in) provided by investing activities from continuing operations	(1,380)	6,987
Financing activities:
Borrowings	1,195	2,534
Repayment of borrowings	(502)	(2,174)
Excess tax benefit from equity-based compensation	11	49
Repurchase of shares	(3,958)	(4,784)
Dividends paid and distributions	(465)	(494)
Purchase of subsidiary shares from noncontrolling interests	(287)	(650)
Net cash used in financing activities from continuing operations	(4,006)	(5,519)
Discontinued operations:
Net decrease in cash and cash equivalents from discontinued operations	(15)	(38)
Net (decrease) increase in cash and cash equivalents	(3,389)	4,053
Cash and cash equivalents, beginning of year	8,428	5,415
Exchange movement on cash balances	(46)	(192)
Cash and cash equivalents, end of period	4,993	9,276
Legal Entities | 21st Century Fox America, Inc.
Operating activities:
Net cash provided by operating activities from continuing operations	(585)	(276)
Investing activities:
Property, plant and equipment	(5)	(84)
Investments	(185)	(127)
Proceeds from dispositions, net		79
Net cash (used in) provided by investing activities from continuing operations	(190)	(132)
Financing activities:
Borrowings	987	1,191
Repayment of borrowings	(200)	(750)
Net cash used in financing activities from continuing operations	787	441
Discontinued operations:
Net decrease in cash and cash equivalents from discontinued operations	(15)	(38)
Net (decrease) increase in cash and cash equivalents	(3)	(5)
Cash and cash equivalents, beginning of year	767	473
Cash and cash equivalents, end of period	764	468
Legal Entities | Twenty-First Century Fox
Operating activities:
Net cash provided by operating activities from continuing operations	1,569	1,675
Investing activities:
Investments	(586)	(3)
Proceeds from dispositions, net		8,582
Net cash (used in) provided by investing activities from continuing operations	(586)	8,579
Financing activities:
Excess tax benefit from equity-based compensation	11	49
Repurchase of shares	(3,958)	(4,784)
Dividends paid and distributions	(299)	(273)
Purchase of subsidiary shares from noncontrolling interests	(56)	(650)
Net cash used in financing activities from continuing operations	(4,302)	(5,658)
Discontinued operations:
Net (decrease) increase in cash and cash equivalents	(3,319)	4,596
Cash and cash equivalents, beginning of year	5,913	3,120
Cash and cash equivalents, end of period	2,594	7,716
Legal Entities | Non-Guarantor
Operating activities:
Net cash provided by operating activities from continuing operations	1,028	1,224
Investing activities:
Property, plant and equipment	(151)	(236)
Investments	(453)	(1,173)
Proceeds from dispositions, net		(51)
Net cash (used in) provided by investing activities from continuing operations	(604)	(1,460)
Financing activities:
Borrowings	208	1,343
Repayment of borrowings	(302)	(1,424)
Dividends paid and distributions	(166)	(221)
Purchase of subsidiary shares from noncontrolling interests	(231)
Net cash used in financing activities from continuing operations	(491)	(302)
Discontinued operations:
Net (decrease) increase in cash and cash equivalents	(67)	(538)
Cash and cash equivalents, beginning of year	1,748	1,822
Exchange movement on cash balances	(46)	(192)
Cash and cash equivalents, end of period	1,635	1,092
Reclassifications and Eliminations
Operating activities:
Net cash provided by operating activities from continuing operations	0	0
Investing activities:
Net cash (used in) provided by investing activities from continuing operations	0	0
Financing activities:
Net cash used in financing activities from continuing operations	0	0
Discontinued operations:
Net (decrease) increase in cash and cash equivalents	0	0
Cash and cash equivalents, beginning of year	0	0
Cash and cash equivalents, end of period	$ 0	$ 0