News (NWS) 10-Q 7 Feb 20 2020 Q2 Quarterly report Financial data

Cover Page

Cover Page - $ / shares	6 Months Ended
	Dec. 31, 2019	Jan. 31, 2020	Jun. 30, 2019
Document Information [Line Items]
Document Type	10-Q
Entity Registrant Name	NEWS CORP
Amendment Flag	false
Entity Central Index Key	0001564708
Document Period End Date	Dec. 31, 2019
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q2
Current Fiscal Year End Date	--06-30
Document Quarterly Report	true
Document Transition Report	false
Entity Filer Category	Large Accelerated Filer
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Shell Company	false
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Incorporation, State or Country Code	DE
Entity File Number	001-35769
Entity Tax Identification Number	46-2950970
Local Phone Number	416-3400
Entity Address, City or Town	New York
Entity Address, Address Line One	1211 Avenue of the Americas
Entity Address, State or Province	NY
Entity Address, Postal Zip Code	10036
City Area Code	212
Common Class A [Member]
Document Information [Line Items]
Security Exchange Name	NASDAQ
Trading Symbol	NWSA
Title of 12(b) Security	Class A Common Stock
Entity Common Stock, Shares Outstanding		388,635,928
Common Stock, Par or Stated Value Per Share	$ 0.01		$ 0.01
Common Class B [Member]
Document Information [Line Items]
Security Exchange Name	NASDAQ
Trading Symbol	NWS
Title of 12(b) Security	Class B Common Stock
Entity Common Stock, Shares Outstanding		199,630,240
Common Stock, Par or Stated Value Per Share	$ 0.01		$ 0.01
Preferred Stock Class A [Member]
Document Information [Line Items]
Security Exchange Name	NASDAQ
No Trading Symbol Flag	true
Title of 12(b) Security	Class A Preferred Stock Purchase Rights
Preferred Stock Class B [Member]
Document Information [Line Items]
Security Exchange Name	NASDAQ
No Trading Symbol Flag	true
Title of 12(b) Security	Class B Preferred Stock Purchase Rights

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2019	Dec. 31, 2018
Revenues:
Total Revenues	$ 2,479	$ 2,627	$ 4,819	$ 5,151
Operating expenses	(1,350)	(1,484)	(2,687)	(2,824)
Selling, general and administrative	(774)	(773)	(1,556)	(1,599)
Depreciation and amortization	(162)	(163)	(324)	(326)
Impairment and restructuring charges	(29)	(19)	(326)	(37)
Equity losses of affiliates	(3)	(6)	(5)	(9)
Interest expense , net	(8)	(15)	(4)	(31)
Other, net	2	7	6	27
Income (loss) before income tax expense	155	174	(77)	352
Income tax expense	(52)	(55)	(31)	(105)
Net income (loss)	103	119	(108)	247
Less: Net income attributable to noncontrolling interests	(18)	(24)	(34)	(51)
Net income (loss) attributable to News Corporation stockholders	$ 85	$ 95	$ (142)	$ 196
Net income (loss) attributable to News Corporation stockholders per share:
Basic	$ 0.15	$ 0.16	$ (0.24)	$ 0.34
Diluted	$ 0.14	$ 0.16	$ (0.24)	$ 0.33
Circulation and Subscription [Member]
Revenues:
Total Revenues	$ 990	$ 1,029	$ 1,985	$ 2,063
Advertising [Member]
Revenues:
Total Revenues	677	718	1,285	1,382
Consumer [Member]
Revenues:
Total Revenues	421	478	808	878
Real estate [Member]
Revenues:
Total Revenues	242	248	460	475
Other [Member]
Revenues:
Total Revenues	$ 149	$ 154	$ 281	$ 353

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Loss) - USD ($) $ in Millions		3 Months Ended		6 Months Ended
		Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2019	Dec. 31, 2018
Statement of Comprehensive Income [Abstract]
Net income (loss)		$ 103	$ 119	$ (108)	$ 247
Other comprehensive income (loss):
Foreign currency translation adjustments		199	(147)	14	(257)
Net change in the fair value of cash flow hedges	[1]	0	5	(14)	7
Benefit plan adjustments, net	[2]	(13)	8	(2)	13
Other comprehensive income (loss)		186	(134)	(2)	(237)
Comprehensive income (loss)		289	(15)	(110)	10
Less: Net income attributable to noncontrolling interests		(18)	(24)	(34)	(51)
Less: Other comprehensive (income) loss attributable to noncontrolling interests		(36)	28	9	56
Comprehensive income (loss) attributable to News Corporation stockholders		$ 235	$ (11)	$ (135)	$ 15
[1]	Net of income tax benefit of nil for the three months ended December 31, 2019 and 2018, respectively, and income tax (benefit) expense of ($3) million and $1 million for the six months ended December 31, 2019 and 2018, respectively.
[2]	Net of income tax (benefit) expense of ($4) million and $2 million for the three months ended December 31, 2019 and 2018, respectively, and income tax (benefit) expense of ($1) million and $3 million for the six months ended December 31, 2019 and 2018, respectively.

Consolidated Statements of Co_2

Consolidated Statements of Comprehensive Income (Loss) (Parenthetical) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2019	Dec. 31, 2018
Statement of Comprehensive Income [Abstract]
Net change in the fair value of cash flow hedges, income tax expense	$ 0	$ 0	$ (3)	$ 1
Benefit plan adjustments, income tax expense	$ (4)	$ 2	$ (1)	$ 3

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Millions		Dec. 31, 2019		Jun. 30, 2019
Current assets:
Cash and cash equivalents		$ 1,272		$ 1,643
Receivables, net		1,570		1,544
Inventory, net		358		348
Other current assets		518		515
Total current assets		3,718		4,050
Non-current assets:
Investments		325		335
Property, plant and equipment, net		2,476		2,554
Operating lease right-of-use assets		1,299		0
Intangible assets, net		2,257		2,426
Goodwill		4,976		5,147
Deferred income tax assets		283		269
Other non-current assets		948		930
Total assets		16,282		15,711
Current liabilities:
Accounts payable		375		411
Accrued expenses		1,072		1,328
Deferred revenue		411		428
Current borrowings		0	[1]	449
Other current liabilities		869		724
Total current liabilities		2,727		3,340
Non-current liabilities:
Borrowings		1,201		1,004
Retirement benefit obligations		258		266
Deferred income tax liabilities		268		295
Operating lease liabilities		1,343		0
Other non-current liabilities		358		495
Commitments and contingencies
Additional paid-in capital		12,183		12,243
Accumulated deficit		(2,114)		(1,979)
Accumulated other comprehensive loss		(1,117)		(1,126)
Total News Corporation stockholders' equity		8,958		9,144
Noncontrolling interests		1,169		1,167
Total equity		10,127		10,311
Total liabilities and equity		16,282		15,711
Class A Common Stock [Member]
Non-current liabilities:
Common stock	[2]	4		4
Class B Common Stock [Member]
Non-current liabilities:
Common stock	[3]	$ 2		$ 2
[1]	The Company classifies the current portion of long term debt as non-current liabilities on the Balance Sheets when it has the intent and ability to refinance the obligation on a long-term basis, in accordance with ASC 470-50 “Debt.”
[2]	Class A common stock, $0.01 par value per share (“Class A Common Stock”), 1,500,000,000 shares authorized, 388,601,457 and 385,580,015 shares issued and outstanding, net of 27,368,413 treasury shares at par at December 31, 2019 and June 30, 2019, respectively.
[3]	Class B common stock, $0.01 par value per share (“Class B Common Stock”), 750,000,000 shares authorized, 199,630,240 shares issued and outstanding, net of 78,430,424 treasury shares at par at December 31, 2019 and June 30, 2019, respectively

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - $ / shares	Dec. 31, 2019	Jun. 30, 2019
Class A Common Stock [Member]
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	1,500,000,000	1,500,000,000
Common stock, shares issued, net of treasury stock	388,601,457	385,580,015
Common stock outstanding, net of treasury stock	388,601,457	385,580,015
Common stock, treasury shares	27,368,413	27,368,413
Class B Common Stock [Member]
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	750,000,000	750,000,000
Common stock, shares issued, net of treasury stock	199,630,240	199,630,240
Common stock outstanding, net of treasury stock	199,630,240	199,630,240
Common stock, treasury shares	78,430,424	78,430,424

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Millions	6 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Operating activities:
Net (loss) income	$ (108)	$ 247
Adjustments to reconcile net (loss) income to cash provided by operating activities:
Depreciation and amortization	324	326
Operating lease expense	86	0
Equity losses of affiliates	5	9
Cash distributions received from affiliates	5	27
Impairment charges	292	0
Other, net	(6)	(27)
Deferred income taxes and taxes payable	(35)	40
Change in operating assets and liabilities, net of acquisitions:
Receivables and other assets	(1,661)	(140)
Inventories, net	3	(43)
Accounts payable and other liabilities	1,287	(81)
Net cash provided by operating activities	192	358
Investing activities:
Capital expenditures	(237)	(264)
Acquisitions, net of cash acquired	(2)	(185)
Investments in equity affiliates and other	(8)	(13)
Proceeds from business dispositions	0	5
Proceeds from property, plant and equipment and other asset dispositions	10	32
Other, net	3	16
Net cash used in investing activities	(234)	(409)
Financing activities:
Borrowings	917	263
Repayment of borrowings	(1,161)	(470)
Dividends paid	(81)	(81)
Other, net	(3)	(45)
Net cash used in financing activities	(328)	(333)
Net change in cash and cash equivalents	(370)	(384)
Cash and cash equivalents, beginning of year	1,643	2,034
Exchange movement on opening cash balance	(1)	(32)
Cash and cash equivalents, end of year	$ 1,272	$ 1,618

Description of Business and Bas

Description of Business and Basis of Presentation	6 Months Ended
	Dec. 31, 2019
Accounting Policies [Abstract]
Description of Business and Basis of Presentation	NOTE 1. DESCRIPTION OF BUSINESS AND BASIS OF PRESENTATION News Corporation (together with its subsidiaries, “News Corporation,” “News Corp,” the “Company,” “we,” or “us”) is a global diversified media and information services company comprised of businesses across a range of media, including: news and information services, subscription video services in Australia, book publishing and digital real estate services. Basis of Presentation The accompanying unaudited consolidated financial statements of the Company, which are referred to herein as the “Consolidated Financial Statements,” have been prepared in accordance with generally accepted accounting principles in the United States of America (“GAAP”) for interim financial information and with the instructions to Form 10-Q S-X. Intercompany transactions and balances have been eliminated. Equity investments in which the Company exercises significant influence but does not exercise control and is not the primary beneficiary are accounted for using the equity method. Investments in which the Company is not able to exercise significant influence over the investee are measured at fair value, if the fair value is readily determinable. If an investment’s fair value is not readily determinable, the Company will measure the investment at cost, less any impairment, plus or minus changes resulting from observable price changes in orderly transactions for an identical or similar investment of the same issuer. The consolidated statements of operations are referred to herein as the “Statements of Operations.” The consolidated balance sheets are referred to herein as the “Balance Sheets.” The consolidated statements of cash flows are referred to herein as the “Statements of Cash Flows.” The accompanying 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 10-K”). Certain reclassifications have been made to the prior period consolidated financial statements to conform to the current year presentation. Specifically, the Company reclassified the costs associated with certain initiatives previously included within the Other segment to the News and Information Services segment as these initiatives directly benefit this segment. For the three and six months ended December 31, 2018, these reclassifications increased Selling, general and administrative by $8 million and $15 million, respectively, for the News and Information Services segment. The Company’s fiscal year ends on the Sunday closest to June 30. Fiscal 2020 and fiscal 2019 include 52 w ee Recently Issued Accounting Pronouncements Adopted In February 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2016-02, 2016-02”). 2016-02 right-of-use guidance, and have the same effective date as ASU 2016-02. The Company adopted ASU 2016-02 on a modified retrospective basis as of July , . As a result of the adoption, the Company recorded operating lease right-of-use assets, current lease liabilities and noncurrent lease liabilities for its operating leases of approximately $ billion, $ billion and $1.4 billion, respectively, on July 1, 2019. The Company also recorded a $ 9 million adjustment related to previous sale leaseback transactions, which decreased the Accumulated deficit balance as of July 1, 2019. The Company’s adoption of ASU 2016-02 right-of-use In August 2017, the FASB issued ASU 2017-12, 2017-12”). 2017-12 2017-12 In February 2018, the FASB issued ASU 2018-02, 2018-02”). 2018-02 2018-02 In April 2019, the FASB issued ASU 2019-04, 2019-04”). 2019-04 2017-12, 2019-04 2017-12. 2016-01, 825-10): 2016-01”), 2019-04 2016-13 (described below) . 2019-04 2017-12 2016-01 Issued In June 2016, the FASB issued ASU 2016-13, 2016-13 2016-13 basis 2016-13 In August 2018, the FASB issued ASU 2018-13, 2018-13”). 2018-13 2018-13 2018-13 2018-13 2018-13 In March 2019, the FASB issued ASU 2019-02, 926-20) 920-350): 2019-02”). 2019-02 920-350) 926-20). 2019-02 2019-02 In December 2019, the FASB issued ASU 2019-12, 2019-12”). 2019-12 year-to-date g 2019-12 2019-12

Revenues

Revenues	6 Months Ended
	Dec. 31, 2019
Revenue from Contract with Customer [Abstract]
Revenues	NOTE 2. REVENUES The following tables presents the Company’s disaggregated revenues for the three and six months ended December 31, 2019 and 2018: For the three months ended December 31, 2019 News and Subscription Book Digital Real Other Total (in millions) Revenues: Circulation and subscription $ 541 $ 439 $ — $ 9 $ 1 $ 990 Advertising 599 53 — 25 — 677 Consumer — — 421 — — 421 Real estate — — — 242 — 242 Other 101 9 21 18 — 149 Total Revenues $ 1,241 $ 501 $ 442 $ 294 $ 1 $ 2,479 For the three months ended December 31, 2018 News and Subscription Book Digital Real Other Total (in millions) Revenues: Circulation and subscription $ 526 $ 490 $ — $ 13 $ — $ 1,029 Advertising 632 55 — 31 — 718 Consumer — — 478 — — 478 Real estate — — — 248 — 248 Other 99 17 18 19 1 154 Total Revenues $ 1,257 $ 562 $ 496 $ 311 $ 1 $ 2,627 For the six months ended December 31, 2019 News and Subscription Book Digital Real Other Total (in millions) Revenues: Circulation and subscription $ 1,075 $ 890 $ — $ 19 $ 1 $ 1,985 Advertising 1,129 104 — 52 — 1,285 Consumer — — 808 — — 808 Real estate — — — 460 — 460 Other 186 21 39 35 — 281 Total Revenues $ 2,390 $ 1,015 $ 847 $ 566 $ 1 $ 4,819 For the six months ended December 31, 2018 News and Subscription Book Digital Real Other Total (in millions) Revenues: Circulation and subscription $ 1,055 $ 981 $ — $ 27 $ — $ 2,063 Advertising 1,208 112 — 62 — 1,382 Consumer — — 878 — — 878 Real estate — — — 475 — 475 Other 242 34 36 40 1 353 Total Revenues $ 2,505 $ 1,127 $ 914 $ 604 $ 1 $ 5,151 Contract liabilities and assets The Company’s deferred revenue balance primarily relates to amounts received from customers for subscriptions paid in advance of the services being provided. The following table presents changes in the deferred revenue balance for the three and six months ended December 31, 2019 and 2018: For the three months For the six months 2019 2018 2019 2018 Balance, beginning of period $ 448 $ 436 $ 428 $ 510 Deferral of revenue 754 742 1,575 1,337 Recognition of deferred revenue (a) (797 ) (747 ) (1,591 ) (1,417 ) Other 6 (1 ) (1 ) — Balance, end of period $ 411 $ 430 $ 411 $ 430 (a) For the three and six months ended December 31, 2019, the Company recognized approximately $232 million and $329 million, respectively, of revenue which was included in the opening deferred revenue balance. For the three and six months ended December 31, 2018, the Company recognized $267 million and $421 million, respectively, of revenue which was included in the opening deferred revenue balance. Contract assets were immaterial for disclosure as of December 31, 2019 and 2018. Other revenue disclosures The Company typically expenses sales commissions incurred to obtain a customer contract as those amounts are incurred as the amortization period is twelve months or less. These costs are recorded within Selling, general and administrative in the Statements of Operations. The Company also does not capitalize significant financing components when the transfer of the good or service is paid within twelve months or less, or the receipt of consideration is received within twelve months or less of the transfer of the good or service. For , and $154 million, respectively, in revenues related to performance obligations that were satisfied or partially satisfied in a prior reporting period. The remaining transaction price related to unsatisfied performance obligations as of December 31, 2019 was approximately $543 million, of which approximately $111 million is expected to be recognized over the remainder of fiscal 2020, approximately $196 million is expected to be recognized in fiscal 2021, approximately $87 million is expected to be recognized in fiscal 2022, and approximately $36 million is expected to be recognized in fiscal 2023, with the remainder to be recognized thereafter. These amounts do not include (i) contracts with an expected duration of one year or less, (ii) contracts for which variable consideration is determined based on the customer’s subsequent sale or usage and (iii) variable consideration allocated to performance obligations accounted for under the series guidance that meets the allocation objective under ASC 606.

Impairment and Restructuring Ch

Impairment and Restructuring Charges	6 Months Ended
	Dec. 31, 2019
Restructuring and Related Activities [Abstract]
Impairment and Restructuring Charges	NOTE 3. IMPAIRMENT AND RESTRUCTURING CHARGES Fiscal 2020 During the three months ended December 31, 2019, the Company recognized a non-cash $19 million related to a reporting unit in the News and Information Services segment. During the six months ended December 31, 2019, the Company recognized non-cash non-cash non-cash discount rates (ranging from 17.0%-18.5%) and long-term growth rates (ranging from 0.6%-1.5%). During the three and six months ended December 31, 2019, the Company recorded restructuring charges of $10 million and $34 million, respectively, of which $7 million and $26 million, respectively, related to the News and Information Services segment. The restructuring charges recorded in fiscal 2020 were for employee termination benefits. Fiscal 2019 During the three and six months ended December 31, 2018, the Company recorded restructuring charges of $19 million and $37 million, respectively, of which $15 million and $32 million, respectively, related to the News and Information Services segment. The restructuring charges recorded in fiscal 2019 were for employee termination benefits. Changes in restructuring program liabilities were as follows: For the three months ended December 31, 2019 2018 One time One time employee Facility employee Facility termination related termination related benefits costs Other costs Total benefits costs Other costs Total (in millions) Balance, beginning of period $ 22 $ — $ 10 $ 32 $ 23 $ 2 $ 11 $ 36 Additions 10 — — 10 19 — — 19 Payments (17 ) — (1 ) (18 ) (21 ) — — (21 ) Other 1 — — 1 (1 ) — — (1 ) Balance, end of period $ 16 $ — $ 9 $ 25 $ 20 $ 2 $ 11 $ 33 For the six months ended December 31, 2019 2018 One time One time employee Facility employee Facility termination related termination related benefits costs Other costs Total benefits costs Other costs Total (in millions) Balance, beginning of period $ 28 $ 2 $ 10 $ 40 $ 29 $ 2 $ 11 $ 42 Additions 34 — — 34 37 — — 37 Payments (46 ) — (1 ) (47 ) (44 ) — (1 ) (45 ) Other — (2 ) — (2 ) (2 ) — 1 (1 ) Balance, end of period $ 16 $ — $ 9 $ 25 $ 20 $ 2 $ 11 $ 33 As of December 31, 2019, restructuring liabilities of approximately $16 million were included in the Balance Sheet in Other current liabilities and $9 million were included in Other non-current

Investments

Investments	6 Months Ended
	Dec. 31, 2019
Schedule of Investments [Abstract]
Investments	NOTE 4 The Company’s investments were comprised of the following: Ownership as of December 31, As of 2019 As of 2019 (in millions) Equity method investments (a) various $ 139 $ 148 Equity securities (b) various 186 187 Total Investments $ 325 $ 335 (a) Equity method investments are primarily comprised of Foxtel’s investment in Nickelodeon Australia Joint Venture and Elara Technologies Pte. Ltd. (“Elara”), which operates PropTiger.com, Makaan.com and Housing.com. (b) Equity securities are primarily comprised of certain investments in China and the Company’s investment in HT&E Limited, which operates a portfolio of Australian radio and outdoor media assets. The Company has equity securities with quoted prices in active markets as well as equity securities without readily determinable fair market values. Equity securities without readily determinable fair market values are valued at cost, less any impairment, plus or minus changes in fair value resulting from observable price changes in orderly transactions for an identical or similar investment of the same issuer. The components comprising total gains and losses on equity securities are set forth below: For the three months ended December 31, For the six months ended December 31, 2019 2018 2019 2018 (in millions) (in millions) Total losses recognized on equity securities $ (6 ) $ (44 ) $ (5 ) $ (29 ) Less: Net gains recognized on equity securities sold — — — — Unrealized losses recognized on equity securities held at end of period $ (6 ) $ (44 ) $ (5 ) $ (29 ) Equity Losses of Affiliates The Company’s share of the losses of its equity affiliates was $3 million and $5 million for the three and six months ended December 31, 2019, respectively, and $6 million and $9 million, respe ctively ,

Borrowings

Borrowings	6 Months Ended
	Dec. 31, 2019
Debt Disclosure [Abstract]
Borrowings	NOTE 5 The Company’s total borrowings consist of the foll o Interest rate Maturity at December 31, As of As of (in millions) Foxtel Group Credit facility 2014 — tranche 2 (a) — Jan 31, 2020 $ — $ 56 Credit facility 2015 (a) — Jul 31, 2020 — 281 Credit facility 2016 (a) — Sept 11, 2021 — 193 Credit facility 2019 (b) 3.94 % Nov 22, 2022 425 — Term loan facility 2019 (d) 6.25 % Nov 22, 2024 174 — Working capital facility 201 7 (a) (c) 3.90 % Nov 22, 2022 12 56 US private placement 2009 — tranche 3 ( g — Sept 24, 2019 — 75 US private placement 2012 — USD portion — tranche 1 ( g — Jul 25, 2019 — 150 US private placement 2012 — USD portion — tranche 2 ( h 4.27 % Jul 25, 2022 199 199 US private placement 2012 — USD portion — tranche 3 ( h 4.42 % Jul 25, 2024 148 149 US private placement 2012 — AUD portion 7.04 % Jul 25, 2022 75 77 REA Group Credit facility 2016 — tranche 3 ( i — Dec 31, 2019 — 168 Credit facility 2018 ( j 1.93 % Apr 27, 2021 49 49 Credit facility 2019 (j) 1.95 % Dec 2, 2021 119 — Total borrowings 1,201 1,453 Less: current portion ( l — (449​​​​​​​ ) Long-term borrowings $ 1,201 $ 1,004 (a) During November 2019, certain subsidiaries of NXE Australia Pty Limited (“Foxtel” and together with such subsidiaries, the “Foxtel Debt Group”) repaid the outstanding borrowings under these facilities using a combination of new indebtedness and an A$200 million shareholder loan provided by the Company. (b) During November 2019, the Foxtel Debt Group entered into an A$610 million revolving credit facility maturing in November 2022 Credit (c) Borrowings under these facilities bear interest at a floating rate of the per annum depending on the Foxtel Debt Group’s net leverage ratio. As of December 31, 2019, the Foxtel Debt Group was paying a margin of 3.00% on drawn amounts under these facilities. (d) During November 2019, the Foxtel Debt Group entered into an A term loan facility maturing in November 2024 per annum. (e) During November 2019, the Foxtel Debt Group amended its 2017 Working Capital Facility which, among other things, extended the remaining term to three years, decreased the capacity under the facility from A million to A million and increased the applicable margin. (f) As of December 31, 2019, the Foxtel Debt Group has undrawn commitments of $11 million under this facility for which it pays a commitment fee of 45% of the applicable margin. (g) During the first quarter of fiscal 2020, the Foxtel Debt Group repaid $ million aggregate principal amount of senior unsecured notes which matured in July 2019 and $ million aggregate principal amount of senior unsecured notes which matured in September 2019. (h) The carrying values of the borrowings include any fair value adjustments related to the Company’s fair value hedges. See Note 8 —Financial Instruments and Fair Value Measurements. (i) During December 2019, REA Group repaid the final A$ 240 million tranche of its A$ 480 million revolving loan facility using a combination of cash on hand and new indebtedness. (j) Borrowings under these facilities bear interest at a floating rate of the Australian BBSY plus a margin of between 0.85% and 1.40% depending on REA Group’s net leverage ratio. As of December 31, 2019, REA Group was paying a margin of 0.85% on drawn amounts under these facilities. (k) During December 2019, REA Group entered into an A$170 million unsecured syndicated revolving loan facility maturing in December 21 Credit (l) The Company classifies the current portion of long term debt as non-current 470-50 Foxtel Group Borrowings In November 2019, the Foxtel Debt Group completed a debt refinancing resulting in the repayment of A$1.1 billion of debt consisting of 200 January 2020 July 2020 September 2021 from Borrowings under the 2019 Credit Facility bear interest at a floating rate of the Australian BBSY plus an applicable margin of between 2.00% and 3.75% per annum depending on the Foxtel Debt Group’s net leverage ratio and carry a commitment fee of 45% of the applicable margin on any undrawn balance. Borrowings under the 2019 Term Loan Facility bear interest at a fixed rate of 6.25%. As of December 31, 2019, the Foxtel Debt Group had drawn down the full A$610 million available under the 2019 Credit Facility and A$250 million available under the 2019 Term Loan Facility. The agreements governing the 2019 Credit Facility and 2019 Term Loan Facility contain customary affirmative and negative covenants and events of default, with customary exceptions, including covenants restricting or prohibiting members of the Foxtel Debt Group from, among other things, undertaking certain transactions, disposing of certain properties or assets, merging or consolidating with any other person, making financial accommodation available, giving guarantees, creating or permitting certain liens and undergoing fundamental business changes. In addition, the agreements require the Foxtel Debt Group to maintain a ratio of net debt to Earnings Before Interest, Tax, Depreciation and Amortization (“EBITDA”), as adjusted under the applicable agreements, of not more than 3.75 to 1.0 for fiscal 2020, not more than 3.50 to 1.0 for fiscal 2021 and not more than 3.25 to 1.0 for fiscal 2022 and thereafter. The 2019 Credit Facility and the 2019 Term Loan Facility require the Foxtel Debt Group to maintain a net interest coverage ratio of not less than 3.5 to 1.0. Borrowings under the 2019 Credit Facility and 2019 Term Loan Facility are only guaranteed by the members of the Foxtel Debt Group, and there are no assets pledged as collateral for any of the borrowings. In February 2020, the Foxtel Debt Group entered into a subordinated shareholder loan facility agreement (the “Telstra Facility”) with Telstra, an Australian Securities Exchange (“ASX”)-listed telecommunications company which owns a 35% interest in Foxtel. The Telstra Facility provides Foxtel with up to A$170 million that can be used to finance cable transmission costs due to Telstra under a services arrangement between Foxtel and Telstra. The Telstra Facility bears interest at a variable rate of the Australian BBSY plus an applicable margin of 7.75% and matures in December 2027. The terms of the Telstra Facility allow for the capitalization of accrued interest to the principal outstanding. REA Group Facilities In December 2019, REA Group completed a debt refinancing in which it repaid million revolving loan facility with the proceeds of the new 2019 REA Group Credit Facility and cash on hand. Borrowings under the 2019 REA Group Credit Facility bear interest at a floating rate of the Australian BBSY plus a margin of between 0.85% and 1.30% depending on REA Group’s net leverage ratio and carry a commitment fee of 40% of the applicable margin on any undrawn balance. As of December 31, 2019, REA Group had drawn down the full A$170 million available under the 2019 REA Group Cred it The 2019 REA Group Cre dit to 1.0 and a net interest coverage ratio of not less than to 1.0. News Corp Revolving Credit Facility In December 2019, the Company terminated its existing unsecured $650 million revolving credit facility, and entered into a new credit agreement (the “2019 Credit Agreement”) which provides for an unsecured $750 million revolving credit facility (the “2019 News Corp Cred it Credit Credit December 12, 2024 and Interest on borrowings under the 2019 News Corp Credit net no The 2019 Credit Agreement contains certain customary affirmative and negative covenants and events of default with customary exceptions, including limitations on the ability of the Company and the Company’s subsidiaries to engage in transactions with affiliates, incur liens, merge into or consolidate with any other entity, incur subsidiary debt or dispose of all or substantially all of its assets or all or substantially all of the stock of all subsidiaries taken as a whole. In addition, the 2019 Credit Agreement requires the Company to maintain an adjusted operating income net leverage ratio of not more than 3.0 to 1.0, subject to certain adjustments following a material acquisition, and a net interest coverage ratio of not less than 3.0 to 1.0. Covenants The Company’s borrowings contain customary representations, covenants, and events of default, including those discussed above. If any of the events of default occur and are not cured within applicable grace periods or waived, any unpaid amounts under the Company’s debt agreements may be declared immediately due and payable. The Company was in compliance with all such covenants at December 31, 2019.

Leases

Leases	6 Months Ended
	Dec. 31, 2019
Leases [Abstract]
Leases	NOTE 6. LEASES On July 1, 2019, the Company adopted ASU 2016-02 2016-02 right-of-use right-of-use right-of-use The Company assesses whether an arrangement is a lease or contains a lease at inception. For arrangements considered leases or that contain a lease that is accounted for separately, the classification and initial measurement of the right-of-use right-of-use right-of-use Rent expense is recognized for operating leases on a straight-line basis over the lease term. Such amounts are presented within either Selling, general and administrative or Operating expenses in the Statement of Operations based on the nature of the lease. Variable lease payments are expensed in the period incurred. The Company’s variable lease payments consist of payments dependent on various external indicators, including common area maintenance, real estate taxes and utility charges. The Company applied the package of practical expedients permitted under ASU 2016-02 In addition, the Company elected to apply In circumstances where the Company is the lessee, the Company elected to account for lease and non-lease set-top non-lease non-lease 2014-09. Summary of leases The Company primarily leases real estate, including office space, warehouse space and printing facilities. It also leases satellite transponders for purposes of providing its subscription video service to consumers. These leases were determined to be operating leases in accordance with ASU 2016-02. Certain of the Company’s leases include rent adjustments which may be indexed to various metrics, including the consumer price index or other inflationary indexes. As a general matter, the Company’s real estate lease arrangements typically require adjustments resulting from changes in real estate taxes and other costs to operate the leased asset. Other required lease disclosures The total lease cost for operating leases included in the Statement of Operations was as follows: For the three months ended For the six months ended Income Statement Location 2019 2019 (in millions) Operating lease costs Selling, general and administrative $ 51 $ 99 Operating lease costs Operating expenses 3 6 Short term lease costs Operating expenses 3 5 Variable lease costs Selling, general and administrative 10 19 Total lease costs $ 67 $ 129 Additional information related to the Company’s operating leases under ASU 2016-02: As of December 31, 2019 Weighted-average remaining lease term 11.3 years Weighted-average incremental borrowing rate 3.25 % For the six months ended 2019 (in millions) Cash paid - $ 116 Operating lease right-of-use $ 225 Future minimum lease payments under non-cancellable As of (in millions) Fiscal 2020 (six months remaining) $ 119 Fiscal 2021 207 Fiscal 2022 206 Fiscal 2023 193 Fiscal 2024 177 Thereafter 968 Total future minimum lease payments 1,870 Less: interest 344 Present value of minimum payments $ 1,526

Equity

Equity	6 Months Ended
	Dec. 31, 2019
Stockholders' Equity Note [Abstract]
Equity	NOTE 7 The following tables summarize changes in equity for the three and six months ended December 31, 2019 and 2018: For the three months ended December 31, 2019 Accumulated Class A Class B Additional Other Total Common Stock Common Stock Paid-in Accumulated Comprehensive News Corp Non-controlling Total Shares Amount Shares Amount Capital Deficit Loss Equity Interests Equity (in millions) Balance, September 30, 388 $ 4 200 $ 2 $ 12,174 $ (2,200 ) $ (1,266 ) $ 8,714 $ 1,115 $ 9,829 Net income — — — — — 85 — 85 18 103 Other comprehensive income — — — — — — 150 150 36 186 Dividends — — — — — — — — — — Other 1 — — — 9 1 (1 ) 9 — 9 Balance, December 31, 2019 389 $ 4 200 $ 2 $ 12,183 $ (2,114 ) $ (1,117 ) $ 8,958 $ 1,169 $ 10,127 For the three months ended December 31, 2018 Accumulated Class A Class B Additional Other Total Common Stock Common Stock Paid-in Accumulated Comprehensive News Corp Non-controlling Total Shares Amount Shares Amount Capital Deficit Loss Equity Interests Equity (in millions) Balance, September 30, 2018 385 $ 4 200 $ 2 $ 12,257 $ (2,032 ) $ (970 ) $ 9,261 $ 1,169 $ 10,430 Net income — — — — — 95 — 95 24 119 Other comprehensive loss — — — — — — (106 ) (106 ) (28 ) (134 ) Dividends — — — — — — — — — — Other — — — — 14 — — 14 5 19 Balance, December 31, 2018 385 $ 4 200 $ 2 $ 12,271 $ (1,937 ) $ (1,076 ) $ 9,264 $ 1,170 $ 10,434 For the six months ended December 31, 2019 Accumulated Class A Class B Additional Other Total Common Stock Common Stock Paid-in Accumulated Comprehensive News Non - Total Shares Amount Shares Amount Capital Deficit Loss Equity Interests Equity (in millions) Balance, June 30, 2019 386 $ 4 200 $ 2 $ 12,243 $ (1,979 ) $ (1,126 ) $ 9,144 $ 1,167 $ 10,311 Cumulative impact from adoption of new standards — — — — — 6 3 9 — 9 Net ( loss ) — — — — — (142 ) — (142 ) 34 (108 ) Other comprehensive income ( loss — — — — — — 7 7 (9 ) (2 ) Dividends — — — — (59 ) — — (59 ) (22 ) (81 ) Other 3 — — — (1 ) 1 (1 ) (1 ) (1 ) (2 ) Balance, December 31, 2019 389 $ 4 200 $ 2 $ 12,183 $ (2,114 ) $ (1,117 ) $ 8,958 $ 1,169 $ 10,127 For the six months ended December 31, 2018 Accumulated Class A Class B Additional Other Total Common Stock Common Stock Paid-in Accumulated Comprehensive News Non - Total Shares Amount Shares Amount Capital Deficit Loss Equity Interests Equity (in millions) Balance, June 30, 2018 383 $ 4 200 $ 2 $ 12,322 $ (2,163 ) $ (874 ) $ 9,291 $ 1,186 $ 10,477 Cumulative impact from adoption of new standards — — — — — 32 (22 ) 10 10 20 Net income — — — — — 196 — 196 51 247 Other comprehensive loss — — — — — — (181 ) (181 ) (56 ) (237 ) Dividends — — — — (59 ) — — (59 ) (23 ) (82 ) Other 2 — — — 8 (2 ) 1 7 2 9 Balance, December 31, 2018 385 $ 4 200 $ 2 $ 12,271 $ (1,937 ) $ (1,076 ) $ 9,264 $ 1,170 $ 10,434 Stock Repurchases In May 2013, the Company’s Board of Directors (the “Board of Directors”) authorized the Company to repurchase up to an aggregate of $500 million of its Class A Common Stock. No stock repurchases were made during the six months ended December 31, 2019 and 2018. Through January 31, 2020, the Company cumulatively repurchased approximately 5.2 million shares of Class A Common Stock for an aggregate cost of approximately $71 million. The remaining authorized amount under the stock repurchase program as of January 31, 2020 was approximately $429 million. All decisions regarding any future stock repurchases are at the sole discretion of a duly appointed committee of the Board of Directors and management. The committee’s decisions regarding future stock repurchases will be evaluated from time to time in light of many factors, including the Company’s financial condition, earnings, capital requirements and debt facility covenants, other contractual restrictions, as well as legal requirements, regulatory constraints, industry practice, market volatility and other factors that the committee may deem relevant. The stock repurchase authorization may be modified, extended, suspended or discontinued at any time by the Board of Directors and the Board of Directors cannot provide any assurances that any additional shares will be repurchased. The Company did not purchase any of its Class B Common Stock during the six months ended December 31, 2019 and 2018. Dividends In August 2019, the Board of Directors declared a semi-annual cash dividend of $0.10 per share for Class A Common Stock and Class B Common Stock. This dividend was paid on October 16, 2019 to stockholders of record at the close on business on September 11, 2019. In August 2018, the Board of Directors declared a semi-annual cash dividend of $0.10 per share for Class A Common Stock and Class B Common Stock. This dividend was paid on October 17, 2018 to stockholders of record at the close of business on September 12, 2018. The timing, declaration, amount and payment of future dividends to stockholders, if any, is within the discretion of the Board of Directors. The Board of Directors’ decisions regarding the payment of future dividends will depend on many factors, including the Company’s financial condition, earnings, capital requirements and debt facility covenants, other contractual restrictions, as well as legal requirements, regulatory constraints, industry practice, market volatility and other factors that the Board of Directors deems relevant.

Financial Instruments and Fair

Financial Instruments and Fair Value Measurements	6 Months Ended
	Dec. 31, 2019
Fair Value Disclosures [Abstract]
Financial Instruments and Fair Value Measurements	NOTE 8 In accordance with ASC 820, “Fair Value Measurements” (“ASC 820”) fair value measurements are required to be disclosed using a three-tiered fair value hierarchy which distinguishes market participant assumptions into the following categories: • Level 1 — Quoted prices in active markets for identical assets or liabilities. • Level 2 — Observable inputs other than quoted prices included in Level 1. The Company could value assets and liabilities included in this level using dealer and broker quotations, certain pricing models, bid prices, quoted prices for similar assets and liabilities in active markets, or other inputs that are observable or can be corroborated by observable market data. • Level 3 — Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities. For the Company, this primarily includes the use of forecasted financial information and other valuation related assumptions such as discount rates and long term growth rates in the income approach as well as the market approach which utilizes certain market and transaction multiples. Under ASC 820, certain assets and liabilities are required to be remeasured to fair value at the end of each reporting period. The following table summarizes those assets and liabilities measured at fair value on a recurring basis: As of December 31, 2019 As of June 30, 2019 Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Total (in millions) Assets: Foreign currency derivatives - cash flow hedges $ — $ — $ — $ — $ — $ 1 $ — $ 1 Cross currency interest rate derivatives - fair value hedges — 21 — 21 — 29 — 29 Cross currency interest rate derivatives - economic hedges — — — — — 12 — 12 Cross currency interest rate derivatives - cash flow hedges — 82 — 82 — 116 — 116 Equity securities (a) 77 — 109 186 74 — 113 187 Total assets $ 77 $ 103 $ 109 $ 289 $ 74 $ 158 $ 113 $ 345 Liabilities: Foreign currency derivatives - cash flow hedges $ — $ 2 $ — $ 2 $ — $ — $ — $ — Interest rate derivatives - cash flow hedges — 16 — 16 — 20 — 20 Mandatorily redeemable noncontrolling interests — — — — — — 11 11 Cross currency interest rate derivatives - cash flow hedges — 17 — 17 — 18 — 18 Total liabilities $ — $ 35 $ — $ 35 $ — $ 38 $ 11 $ 49 (a) See Note 4 There have been no transfers between levels of the fair value hierarchy during the periods presented. Equity securities The fair values of equity securities with quoted prices in active markets are determined based on the closing price at the end of each reporting period. These securities are classified as Level 1 in the fair value hierarchy outlined above. The fair values of equity securities without readily determinable fair market values are determined based on cost, less any impairment, plus or minus changes in fair value resulting from observable price changes in orderly transactions for an identical or similar investment of the same issuer. These securities are classified as Level 3 in the fair value hierarchy outlined above. A rollforward of the Company’s equity securities classified as Level 3 is as follows: For the six months ended December 31, 2019 2018 (in millions) Balance - beginning of period (a) $ 113 $ 127 Purchases 1 6 Sales — (10 ) Measurement adjustments (3 ) — Foreign exchange and other (2 ) (8 ) Balance - end of period $ 109 $ 115 (a) As a result of the adoption of ASU 2016-01 Mandatorily redeemable noncontrolling interests The Company has liabilities recorded in its Balance Sheets for its mandatorily redeemable noncontrolling interests. These liabilities represent management’s best estimate of the amounts expected to be paid in accordance with the contractual terms of the underlying acquisition agreements. The fair values of these liabilities are based on the contractual payout formulas included in the acquisition agreements taking into account the expected performance of the business. Any remeasurements or accretion related to the Company’s mandatorily redeemable noncontrolling interests are recorded through Interest expense, net in the Statements of Operations. As the fair value does not rely on observable market inputs, the Company classifies these liabilities as Level 3 in the fair value hierarchy. A rollforward of the Company’s mandatorily redeemable noncontrolling interest liabilities classified as Level 3 is as follows: For the six months ended December 31, 2019 2018 (in millions) Balance - beginning of period $ 12 $ 12 Payments (a) (11 ) — Other (1 ) — Balance - end of period $ — $ 12 (a) In July 2019, REA Group acquired the remaining 19.7% interest in Smartline Home Loans Pty Limited for approximately $11 million, increasing REA Group’s ownership to 100%. Derivative Instruments The Company is directly and indirectly affected by risks associated with changes in certain market conditions. When deemed appropriate, the Company uses derivative instruments to mitigate the potential impact of these market risks. The primary market risks managed by the Company through the use of derivative instruments include: • foreign currency exchange rate risk: arising primarily through Foxtel Debt Group borrowings denominated in U.S. dollars and payments for customer premise equipment; and • interest rate risk: arising from fixed and floating rate Foxtel Debt Group borrowings. The Company formally designates qualifying derivatives as hedge relationships (“hedges”) and applies hedge accounting when considered appropriate. For economic hedges where no hedge relationship has been designated, changes in fair value are included as a component of net income in each reporting period within Other, net in the Statements of Operations. The Company does not use derivative financial instruments for trading or speculative purposes. Hedges are classified as current or non-current Balance Sheet Location As of As of (in millions) Foreign currency derivatives - cash flow hedges Other current assets $ — $ 1 Cross currency interest rate derivatives - fair value hedges Other current assets — 8 Cross currency interest rate derivatives - economic hedges Other current assets — 12 Cross currency interest rate derivatives - cash flow hedges Other current assets — 33 Cross currency interest rate derivatives - fair value hedges Other non-current assets 21 21 Cross currency interest rate derivatives - cash flow hedges Other non-current assets 82 83 Foreign currency derivatives - cash flow hedges Other current liabilities (2 ) — Interest rate derivatives - cash flow hedges Other current liabilities — (2 ) Interest rate derivatives - cash flow hedges Other non-current liabilities (16 ) (18 ) Cross currency interest rate derivatives - cash flow hedges Other non-current liabilities (17 ) (18 ) Cash flow hedges The Company utilizes a combination of foreign currency derivatives, interest rate derivatives and cross currency interest rate derivatives to mitigate currency exchange and interest rate risk in relation to future interest and principal payments and payments for customer premise equipment. The total notional value of foreign currency contract derivatives designated for hedging was $58 million as of December 31, 2019. The maximum hedged term over which the Company is hedging exposure to foreign currency fluctuations is to September 2020. As of Dec 1 approximately $ million of losses The total notional value of interest rate swap derivatives designated as cash flow hedges was approximately A$300 million as of December 31, 2019. The maximum hedged term over which the Company is hedging exposure to variability in interest payments is to September 2022. As of December 31, 2019, the Company estimates that approximately $ mi l The total notional value of cross currency interest rate swaps that were designated as cash flow hedges was approximately $280 million as of December 31, 2019. The maximum hedged term over which the Company is hedging exposure to variability in interest payments is to July 2024. As of December 31, 2019, the Company estimates that approximately $ million of The following tables present the impact that changes in the fair values of derivatives designated as cash flow hedges had on Accumulated other comprehensive loss and the Statement of Operations during the three and six months ended December 31, 2019 and 2018. Gain (loss) recognized in Accumulated (Gain) loss reclassified from other comprehensive loss for the three months ended other comprehensive loss for the three months ended Income statement December 31, December 31, location 2019 2018 2019 2018 (in millions) Derivative instruments designated as cash flow hedges: Foreign currency derivatives - cash flow hedges $ (1 ) $ 2 $ — $ (1 ) Operating expenses Cross currency interest rate derivatives - cash flow hedges (13 ) 30 12 (26 ) Interest expense, net Interest rate derivatives - cash flow hedges 1 (1 ) 1 2 Interest expense, net Total $ (13 ) $ 31 $ 13 $ (25 ) Gain (loss) recognized in Accumulated (Gain) loss reclassified from o c l for the six months ended o c l for the six months ended Income statement December 31, December 31, location 2019 2018 2019 2018 (in millions) Derivative instruments designated as cash flow hedges: Foreign currency derivatives - cash flow hedges $ (2 ) $ 4 $ (2 ) $ (2 ) Operating expenses Cross currency interest rate derivatives - cash flow hedges (8 ) 16 3 (12 ) Interest expense, net Interest rate derivatives - cash flow hedges (3 ) (2 ) (5 ) 4 Interest expense, net Total $ (13 ) $ 18 $ (4 ) $ (10 ) Upon adoption of ASU 2017-12, Fair value hedges Borrowings issued at fixed rates and in U.S. dollars expose the Company to fair value interest rate risk and currency exchange rate risk. The Company manages fair value interest rate risk and currency exchange rate risk through the use of cross currency interest rate swaps under which the Company exchanges fixed interest payments equivalent to the interest payments on the U.S. dollar denominated debt for floating rate Australian dollar denominated interest payments. The changes in fair value of derivatives designated as fair value hedges and the offsetting changes in fair value of the hedged items are recognized in Other, net. For the six months ended December 31, 2019, such adjustments increased the carrying value of borrowings by nil. The total notional value of the fair value hedges was approximately $70 million as of December 31, 2019. The maximum hedged term over which the Company is hedging exposure to variability in interest payments is to July 2024. During the three and six months ended December 31, 2019 and 2018, the amount recognized in the Statement of Operations on derivative instruments designated as fair value hedges related to the ineffective portion was nil and the Company excluded the currency basis from the changes in fair value of the derivative instruments from the assessment of hedge effectiveness. The following sets forth the effect of fair value hedging relationships on hedged items in the Balance Sheets as of December 31, 2019: As of December 31, 2019 (in millions) Borrowings: Carrying amount of hedged item $ 68 Cumulative hedging adjustments included in the carrying amount $ (3 ) Nonrecurring Fair Value Measurements In addition to assets and liabilities that are remeasured at fair value on a recurring basis, the Company has certain assets, primarily goodwill, intangible assets, equity method investments and property, plant and equipment, that are not required to be remeasured to fair value at the end of each reporting period. On an ongoing basis, the Company monitors whether events occur or circumstances change that would more likely than not reduce the fair values of these assets below their carrying amounts. If the Company determines that these assets are impaired, the Company would write down these assets to fair value. These nonrecurring fair value measurements are considered to be Level 3 in the fair value hierarchy. During the first quarter of fiscal 2020, the Company recognized non-cash The Company did not recognize any write-downs on the carrying value of its assets during the three and six 8 Other Fair Value Measurements As of December 31, 2019, the carrying value of the Company’s outstanding borrowings approximates the fair value. The U.S. private placement borrowings are classified as L L

Earnings (Loss) Per Share

Earnings (Loss) Per Share	6 Months Ended
	Dec. 31, 2019
Earnings Per Share [Abstract]
Earnings Per Share	NOTE 9. EARNINGS (LOSS) PER SHARE The following tables set forth the computation of basic and diluted earnings (loss) For the three months For the six months 2019 2018 2019 2018 (in millions, except per share amounts) Net income (loss) $ 103 $ 119 $ (108 ) $ 247 Less: Net income attributable to noncontrolling interests (18 ) (24 ) (34 ) (51 ) Net income (loss) attributable to News Corporation stockholders $ 85 $ 95 $ (142 ) $ 196 Weighted-average number of shares of common stock outstanding - basic 588.2 584.9 587.4 584.4 Dilutive effect of equity awards (a) 2.1 2.2 — 1.9 Weighted-average number of shares of common stock outstanding - diluted 590.3 587.1 587.4 586.3 Net income (loss) attributable to News Corporation stockholders per share - basic $ 0.15 $ 0.16 $ (0.24 ) $ 0.34 Net income (loss) attributable to News Corporation stockholders per share - diluted $ 0.14 $ 0.16 $ (0.24 ) $ 0.33 (a) The dilutive impact of the Company’s performance stock units, restricted stock units and stock options has been excluded from the calculation of diluted loss per share for the six months ended December 31, 2019 because their inclusion would have an antidilutive effect on the net loss per share.

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Dec. 31, 2019
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. As a result of the refinancing transactions that occurred during the three months ended December 31, 2019, the Company has presented its commitments associated with its borrowings and the related interest payments in the table below. See Note 5 —Borrowings. The Company’s remaining commitments as of December 31, 2019 have not changed significantly from the disclosures included in the 2019 Form 10-K. As of December 31, 2019 Payments Due by Period Total Less than 1 1-3 3-5 More than years (in millions) Borrowings $ 1,199 $ — $ 875 $ 324 $ — Interest payments on borrowings (a) $ 170 $ 50 $ 89 $ 31 $ — (a) Reflects the Company’s expected future interest payments based on borrowings outstanding and interest rates applicable at December 31, 2019. Such outstanding amounts and rates are subject to change in future periods. See Note 5 —Borrowings. Contingencies The Company routinely is involved in various legal proceedings, claims and governmental inspections or investigations, including those discussed below. The outcome of these matters and claims is subject to significant uncertainty, and the Company often cannot predict what the eventual outcome of pending matters will be or the timing of the ultimate resolution of these matters. Fees, expenses, fines, penalties, judgments or settlement costs which might be incurred by the Company in connection with the various proceedings could adversely affect its results of operations and financial condition. The Company establishes an accrued liability for legal claims when it 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. Legal fees associated with litigation and similar proceedings are expensed as incurred. Except as otherwise provided below, for the contingencies disclosed for which there is at least a reasonable possibility that a loss may be incurred, the Company was unable to estimate the amount of loss or range of loss. The Company recognizes gain contingencies when the gain becomes realized or realizable. News America Marketing Insignia Systems, Inc. On July 11, 2019, Insignia Systems, Inc. (“Insignia”) filed a complaint in the U.S. District Court for the District of Minnesota against News America Marketing FSI L.L.C. (“NAM FSI”), News America Marketing In-Store In-Store”) In-Store Valassis Communications, Inc. On November 8, 2013, Valassis Communications, Inc. (“Valassis”) filed a complaint in the U.S. District Court for the Eastern District of Michigan (the “District Court”) against the NAM Parties and News America Incorporated (together, the “NAM Group”) alleging violations of federal and state antitrust laws and common law business torts, including unfair competition. The complaint seeks treble damages, injunctive relief and attorneys’ fees and costs. NAM In-Store unfair. In November 2019, the parties agreed to discontinue the unfair competition claim and counterclaim. On December 19, 2013, the NAM Group filed a motion to dismiss the complaint and on March 30, 2016, the District Court dismissed Valassis’s bundling and tying claims. On September 25, 2017, the District Court granted Valassis’s motion to transfer the case to the U.S. District Court for the Southern District of New York (the “N.Y. District Court”). On April 13, 2018, the NAM Group filed a motion for summary judgment dismissing the case which was granted in part and denied in part by the N.Y. District Court on February 21, 2019. The N.Y. District Court found that the NAM Group’s bidding practices were lawful but denied its motion with respect to claims arising out of certain other alleged contracting practices. In addition, the N.Y. District Court also dismissed Valassis’s claims relating to free-standing insert products. On December 20, 2019, at a final pre-trial , in the alternative, On February 6, 2020, the N.Y. District Court denied the motion for reconsideration but clarified that Valassis could seek the court’s permission to prove damages through evidence other than its expert’s excluded testimony. The N.Y. District Court has set a trial date of While it is not possible at this time to predict with any degree of certainty the ultimate outcome of this action, the NAM Group believes it has been compliant with applicable laws and intends to defend itself vigorously. U.K. Newspaper Matters Civil claims have been brought against the Company with respect to, among other things, voicemail interception and inappropriate payments to public officials at the Company’s former publication, The News of the World The Sun In connection with the separation of the Company from Twenty-First Century Fox, Inc. (“21st Century Fox”) on June 28, 2013, the Company and 21st Century Fox agreed in the Separation and Distribution Agreement that 21st Century Fox would indemnify the Company for payments made after such date arising out of civil claims and investigations relating to the U.K. Newspaper Matters as well as legal and professional fees and expenses paid in connection with the previously concluded criminal matters, other than fees, expenses and costs relating to employees (i) who are not directors, officers or certain designated employees or (ii) with respect to civil matters, who are not co-defendants after-tax The net (benefit ) ( ) million for the three months ended December , and , respectively, and $ million million for the six months ended December , and , respectively. As of December , , the Company has provided for its best estima t of the liability for the claims that have been filed and costs incurred, including liabilities associated with employment taxes, and has accrued approximately $58 million. The amount to be indemnified by FOX of approximately $60 million was recorded as a receivable in Other current assets on the Balance Sheet as of December 31, 2019. The net (benefit) expense for the three and six months ended December 31, 2019 reflects a $5 million impact from the reversal of a portion of the Company’s previously accrued liability and the corresponding receivable from FOX as the result of an agreement reached with the relevant tax authority with respect to certain employment taxes. It is not possible to estimate the liability or corresponding receivable for any additional claims that may be filed given the information that is currently available to the Company. If more claims are filed and additional information becomes available, the Company will update the liability provision and corresponding receivable for such matters. The Company is not able to predict the ultimate outcome or cost of the civil claims. It is possible that these proceedings and any adverse resolution thereof could damage its reputation, impair its ability to conduct its business and adversely affect its results of operations and financial condition. Other The Company’s tax returns are subject to on-going The Company believes it has appropriately accrued for the expected outcome of uncertain tax matters and believes such liabilities represent a reasonable provision for taxes ultimately expected to be paid; however, these liabilities may need to be adjusted as new information becomes known and as tax examinations continue to progress, or as settlements or litigations occur.

Income Taxes

Income Taxes	6 Months Ended
	Dec. 31, 2019
Income Tax Disclosure [Abstract]
Income Taxes	NOTE 11. INCOME TAXES At the end of each interim period, the Company estimates the annual effective tax rate and applies that rate to its ordinary quarterly earnings. The tax expense or benefit related to significant, unusual or extraordinary items that will be separately reported or reported net of their related tax effect are individually computed and recognized in the interim period in which those items occur. In addition, the effects of changes in enacted tax laws or rates or tax status are recognized in the interim period in which the change occurs. For the three months ended December 31, 2019, the Company recorded income tax expense of $52 million on pre-tax For the six months ended December 31, 2019, the Company recorded an income tax expense of $31 million on a pre-tax For the three months ended December 31, 2018, the Company recorded income tax expense of $55 million on pre-tax For the six months ended December 31, 2018, the Company recorded income tax expense of $105 million on pre-tax Management assesses available evidence to determine whether sufficient future taxable income will be generated to permit the use of existing deferred tax assets. Based on management’s assessment of available evidence, it has been determined that it is more likely than not that . The Company’s tax returns are subject to on-going fiscal The Company paid gross income taxes of $69 million and $75 million during the six months ended December 31, 2019 and 2018, respectively, and received tax refunds of $3 million and $10 million, respectively.

Segment Information

Segment Information	6 Months Ended
	Dec. 31, 2019
Segment Reporting [Abstract]
Segment Information	NOTE 12. SEGMENT INFORMATION The Company manages and reports its businesses in the following five segments: • News and Information Services —The News and Information Services segment includes the Company’s global print, digital and broadcast radio media platforms. These product offerings include the global print and digital versions of The Wall Street Journal Barron’s The Australian The Daily Telegraph, Herald Sun, The Courier Mail The Advertiser The Times, The Sunday Times, The Sun The Sun on Sunday New York Post • Subscription Video Services —The Company’s Subscription pay-TV - pay-TV over-the-top, ANC operates the SKY NEWS network, Australia’s 24-hour • Book Publishing —The Book Publishing segment consists of HarperCollins, the second largest consumer book publisher in the world, with operations in 17 countries and particular strengths in general fiction, nonfiction, children’s and religious publishing. HarperCollins owns more than 120 branded publishing imprints, including Harper, William Morrow, HarperCollins Children’s Books, Avon, Harlequin and Christian publishers Zondervan and Thomas Nelson, and publishes works by well-known authors such as Harper Lee, Chip and Joanna Gaines, Rick Warren, Sarah Young and Agatha Christie and popular titles such as The Hobbit, Goodnight Moon, To Kill a Mockingbird, Jesus Calling Hillbilly Elegy • Digital Real Estate Services Move is a leading provider of online real estate services in the U.S. and primarily operates realtor.com ® SM SM ® TM • Other Segment EBITDA is defined as revenues less operating expenses and selling, general and administrative expenses. Segment EBITDA does not include: depreciation and amortization, impairment and restructuring charges, equity losses of affiliates, interest (expense) income, net, other, net and income tax (expense) benefit. Segment EBITDA may not be comparable to similarly titled measures reported by other companies, since companies and investors may differ as to what items should be included in the calculation of Segment EBITDA. Segment EBITDA 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. Segment EBITDA provides management, investors and equity analysts with a measure to analyze the operating performance of each of the Company’s business segments and its enterprise value against historical data and competitors’ data, although historical results may not be indicative of future results (as operating performance is highly contingent on many factors, including customer tastes and preferences). Segment information is summarized as follows: For the three months For the six months 2019 2018 2019 2018 (in millions) Revenues: News and Information Services $ 1,241 $ 1,257 $ 2,390 $ 2,505 Subscription Video Services 501 562 1,015 1,127 Book Publishing 442 496 847 914 Digital Real Estate Services 294 311 566 604 Other 1 1 1 1 Total revenues $ 2,479 $ 2,627 $ 4,819 $ 5,151 Segment EBITDA: News and Information Services $ 142 $ 112 $ 198 $ 221 Subscription Video Services 70 84 151 197 Book Publishing 63 88 112 156 Digital Real Estate Services 118 121 200 226 Other (38 ) (35 ) (85 ) (72 ) Depreciation and amortization (162 ) (163 ) (324 ) (326 ) Impairment and restructuring charges (29 ) (19 ) (326 ) (37 ) Equity losses of affiliates (3 ) (6 ) (5 ) (9 ) Interest expense, net (8 ) (15 ) (4 ) (31 ) Other, net 2 7 6 27 Income (loss) before income tax expense 155 174 (77 ) 352 Income tax expense (52 ) (55 ) (31 ) (105 ) Net income (loss) $ 103 $ 119 $ (108 ) $ 247 As of December 31 , 2019 As of , 2019 (in millions) Total assets: News and Information Services $ 5,638 $ 5,482 Subscription Video Services 4,683 4,406 Book Publishing 2,214 2,074 Digital Real Estate Services 2,257 2,229 Other (a) 1,165 1,185 Investments 325 335 Total assets $ 16,282 $ 15,711 (a) The Other segment primarily includes Cash and cash equivalents. As of As of (in millions) Goodwill and intangible assets, net: News and Information Services $ 2,338 $ 2,617 Subscription Video Services 2,552 2,595 Book Publishing 767 772 Digital Real Estate Services 1,576 1,589 Total Goodwill and intangible assets, net $ 7,233 $ 7,573

Additional Financial Informatio

Additional Financial Information	6 Months Ended
	Dec. 31, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Additional Financial Information	NOTE 13. ADDITIONAL FINANCIAL INFORMATION Receivables, net Receivables are presented net of an allowance for doubtful accounts, which is an estimate of amounts that may not be collectible. The allowance for doubtful accounts is estimated based on historical experience, receivable aging, current economic trends and specific identification of certain receivables that are at risk of not being collected. Receivables, net consist of: As of As of (in millions) Receivables $ 1,624 $ 1,590 Allowance for doubtful accounts (54 ) (46 ) Receivables, net $ 1,570 $ 1,544 Other Non-Current The following table sets forth the components of Other non-current As of As of (in millions) Royalty advances to authors $ 338 $ 343 Retirement benefit assets 137 117 Inventory (a) 143 155 Other 330 315 Total Other non-current $ 948 $ 930 (a) Primarily consists of the non-current Other Current Liabilities The following table sets forth the components of Other current liabilities: As of As of (in millions) Royalties and commissions payable $ 218 $ 211 Current operating lease liabilities (a) 183 — Allowance for sales returns 180 192 Current tax payable 19 22 Other 269 299 Total Other current liabilities $ 869 $ 724 (a) As a result of the adoption of ASU 2016-02 Other, net The following table sets forth the components of Other, net: For the three months For the six months 2019 2018 2019 2018 (in millions) Dividends received from equity security investments $ — $ 22 $ 1 $ 23 Remeasurement of equity securities (6 ) (44 ) (5 ) (29 ) Gain on sale of Australian property — 12 — 12 Other, net 8 17 10 21 Total Other, net $ 2 $ 7 $ 6 $ 27 Supplemental Cash Flow Information The following table sets forth the Company’s cash paid for taxes and interest: For the six months ended 2019 2018 (in millions) Cash paid for interest $ 33 $ 45 Cash paid for taxes $ 69 $ 75

Subsequent Events

Subsequent Events	6 Months Ended
	Dec. 31, 2019
Subsequent Events [Abstract]
Subsequent Events	NOTE 14. SUBSEQUENT EVENTS In January 2020, the Company sold Unruly to Tremor International Ltd (“Tremor”) for approximately 7% of Tremor’s outstanding shares. The transaction is subject to certain cash adjustments, and the Company agreed not to sell the Tremor shares for a period of 18 months after closing. At closing, the Company and Tremor entered into a three year commercial arrangement which granted Tremor the exclusive right to sell outstream video advertising on all of the Company’s digital properties in exchange for a total minimum revenue guarantee for News Corp of £30 million. In Febr December 2027 In February 2020, the Board of Directors declared a semi-annual cash dividend of $0.10 per share for Class A Common Stock and Class B Common Stock. This dividend is payable on April 15, 2020 to stockholders of record as of March 11, 2020.

Description of Business and B_2

Description of Business and Basis of Presentation (Policies)	6 Months Ended
	Dec. 31, 2019
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The accompanying unaudited consolidated financial statements of the Company, which are referred to herein as the “Consolidated Financial Statements,” have been prepared in accordance with generally accepted accounting principles in the United States of America (“GAAP”) for interim financial information and with the instructions to Form 10-Q S-X. Intercompany transactions and balances have been eliminated. Equity investments in which the Company exercises significant influence but does not exercise control and is not the primary beneficiary are accounted for using the equity method. Investments in which the Company is not able to exercise significant influence over the investee are measured at fair value, if the fair value is readily determinable. If an investment’s fair value is not readily determinable, the Company will measure the investment at cost, less any impairment, plus or minus changes resulting from observable price changes in orderly transactions for an identical or similar investment of the same issuer. The consolidated statements of operations are referred to herein as the “Statements of Operations.” The consolidated balance sheets are referred to herein as the “Balance Sheets.” The consolidated statements of cash flows are referred to herein as the “Statements of Cash Flows.” The accompanying 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 10-K”). Certain reclassifications have been made to the prior period consolidated financial statements to conform to the current year presentation. Specifically, the Company reclassified the costs associated with certain initiatives previously included within the Other segment to the News and Information Services segment as these initiatives directly benefit this segment. For the three and six months ended December 31, 2018, these reclassifications increased Selling, general and administrative by $8 million and $15 million, respectively, for the News and Information Services segment. The Company’s fiscal year ends on the Sunday closest to June 30. Fiscal 2020 and fiscal 2019 include 52 w ee
Recently Issued Accounting Pronouncements	Recently Issued Accounting Pronouncements Adopted In February 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2016-02, 2016-02”). 2016-02 right-of-use guidance, and have the same effective date as ASU 2016-02. The Company adopted ASU 2016-02 on a modified retrospective basis as of July , . As a result of the adoption, the Company recorded operating lease right-of-use assets, current lease liabilities and noncurrent lease liabilities for its operating leases of approximately $ billion, $ billion and $1.4 billion, respectively, on July 1, 2019. The Company also recorded a $ 9 million adjustment related to previous sale leaseback transactions, which decreased the Accumulated deficit balance as of July 1, 2019. The Company’s adoption of ASU 2016-02 right-of-use In August 2017, the FASB issued ASU 2017-12, 2017-12”). 2017-12 2017-12 In February 2018, the FASB issued ASU 2018-02, 2018-02”). 2018-02 2018-02 In April 2019, the FASB issued ASU 2019-04, 2019-04”). 2019-04 2017-12, 2019-04 2017-12. 2016-01, 825-10): 2016-01”), 2019-04 2016-13 (described below) . 2019-04 2017-12 2016-01 Issued In June 2016, the FASB issued ASU 2016-13, 2016-13 2016-13 basis 2016-13 In August 2018, the FASB issued ASU 2018-13, 2018-13”). 2018-13 2018-13 2018-13 2018-13 2018-13 In March 2019, the FASB issued ASU 2019-02, 926-20) 920-350): 2019-02”). 2019-02 920-350) 926-20). 2019-02 2019-02 In December 2019, the FASB issued ASU 2019-12, 2019-12”). 2019-12 year-to-date g 2019-12 2019-12

Revenues (Tables)

Revenues (Tables)	6 Months Ended
	Dec. 31, 2019
Revenue from Contract with Customer [Abstract]
Summary of Disaggregated Revenue by Type and Segment	The following tables presents the Company’s disaggregated revenues for the three and six months ended December 31, 2019 and 2018: For the three months ended December 31, 2019 News and Subscription Book Digital Real Other Total (in millions) Revenues: Circulation and subscription $ 541 $ 439 $ — $ 9 $ 1 $ 990 Advertising 599 53 — 25 — 677 Consumer — — 421 — — 421 Real estate — — — 242 — 242 Other 101 9 21 18 — 149 Total Revenues $ 1,241 $ 501 $ 442 $ 294 $ 1 $ 2,479 For the three months ended December 31, 2018 News and Subscription Book Digital Real Other Total (in millions) Revenues: Circulation and subscription $ 526 $ 490 $ — $ 13 $ — $ 1,029 Advertising 632 55 — 31 — 718 Consumer — — 478 — — 478 Real estate — — — 248 — 248 Other 99 17 18 19 1 154 Total Revenues $ 1,257 $ 562 $ 496 $ 311 $ 1 $ 2,627 For the six months ended December 31, 2019 News and Subscription Book Digital Real Other Total (in millions) Revenues: Circulation and subscription $ 1,075 $ 890 $ — $ 19 $ 1 $ 1,985 Advertising 1,129 104 — 52 — 1,285 Consumer — — 808 — — 808 Real estate — — — 460 — 460 Other 186 21 39 35 — 281 Total Revenues $ 2,390 $ 1,015 $ 847 $ 566 $ 1 $ 4,819 For the six months ended December 31, 2018 News and Subscription Book Digital Real Other Total (in millions) Revenues: Circulation and subscription $ 1,055 $ 981 $ — $ 27 $ — $ 2,063 Advertising 1,208 112 — 62 — 1,382 Consumer — — 878 — — 878 Real estate — — — 475 — 475 Other 242 34 36 40 1 353 Total Revenues $ 2,505 $ 1,127 $ 914 $ 604 $ 1 $ 5,151
Summary of Deferred Revenue from Contracts with Customers	The following table presents changes in the deferred revenue balance for the three and six months ended December 31, 2019 and 2018: For the three months For the six months 2019 2018 2019 2018 Balance, beginning of period $ 448 $ 436 $ 428 $ 510 Deferral of revenue 754 742 1,575 1,337 Recognition of deferred revenue (a) (797 ) (747 ) (1,591 ) (1,417 ) Other 6 (1 ) (1 ) — Balance, end of period $ 411 $ 430 $ 411 $ 430 (a) For the three and six months ended December 31, 2019, the Company recognized approximately $232 million and $329 million, respectively, of revenue which was included in the opening deferred revenue balance. For the three and six months ended December 31, 2018, the Company recognized $267 million and $421 million, respectively, of revenue which was included in the opening deferred revenue balance.

Impairment and Restructuring _2

Impairment and Restructuring Charges (Tables)	6 Months Ended
	Dec. 31, 2019
Restructuring and Related Activities [Abstract]
Schedule of Changes in Restructuring Program Liabilities	Changes in restructuring program liabilities were as follows: For the three months ended December 31, 2019 2018 One time One time employee Facility employee Facility termination related termination related benefits costs Other costs Total benefits costs Other costs Total (in millions) Balance, beginning of period $ 22 $ — $ 10 $ 32 $ 23 $ 2 $ 11 $ 36 Additions 10 — — 10 19 — — 19 Payments (17 ) — (1 ) (18 ) (21 ) — — (21 ) Other 1 — — 1 (1 ) — — (1 ) Balance, end of period $ 16 $ — $ 9 $ 25 $ 20 $ 2 $ 11 $ 33 For the six months ended December 31, 2019 2018 One time One time employee Facility employee Facility termination related termination related benefits costs Other costs Total benefits costs Other costs Total (in millions) Balance, beginning of period $ 28 $ 2 $ 10 $ 40 $ 29 $ 2 $ 11 $ 42 Additions 34 — — 34 37 — — 37 Payments (46 ) — (1 ) (47 ) (44 ) — (1 ) (45 ) Other — (2 ) — (2 ) (2 ) — 1 (1 ) Balance, end of period $ 16 $ — $ 9 $ 25 $ 20 $ 2 $ 11 $ 33

Investments (Tables)

Investments (Tables)	6 Months Ended
	Dec. 31, 2019
Schedule of Investments [Abstract]
Schedule of Investments	The Company’s investments were comprised of the following: Ownership as of December 31, As of 2019 As of 2019 (in millions) Equity method investments (a) various $ 139 $ 148 Equity securities (b) various 186 187 Total Investments $ 325 $ 335 (a) Equity method investments are primarily comprised of Foxtel’s investment in Nickelodeon Australia Joint Venture and Elara Technologies Pte. Ltd. (“Elara”), which operates PropTiger.com, Makaan.com and Housing.com. (b) Equity securities are primarily comprised of certain investments in China and the Company’s investment in HT&E Limited, which operates a portfolio of Australian radio and outdoor media assets.
Schedule of Total Gains and Losses on Equity Securities	The components comprising total gains and losses on equity securities are set forth below: For the three months ended December 31, For the six months ended December 31, 2019 2018 2019 2018 (in millions) (in millions) Total losses recognized on equity securities $ (6 ) $ (44 ) $ (5 ) $ (29 ) Less: Net gains recognized on equity securities sold — — — — Unrealized losses recognized on equity securities held at end of period $ (6 ) $ (44 ) $ (5 ) $ (29 )

Borrowings (Tables)

Borrowings (Tables)	6 Months Ended
	Dec. 31, 2019
Debt Disclosure [Abstract]
Schedule of Borrowings	The Company’s total borrowings consist of the foll o Interest rate Maturity at December 31, As of As of (in millions) Foxtel Group Credit facility 2014 — tranche 2 (a) — Jan 31, 2020 $ — $ 56 Credit facility 2015 (a) — Jul 31, 2020 — 281 Credit facility 2016 (a) — Sept 11, 2021 — 193 Credit facility 2019 (b) 3.94 % Nov 22, 2022 425 — Term loan facility 2019 (d) 6.25 % Nov 22, 2024 174 — Working capital facility 201 7 (a) (c) 3.90 % Nov 22, 2022 12 56 US private placement 2009 — tranche 3 ( g — Sept 24, 2019 — 75 US private placement 2012 — USD portion — tranche 1 ( g — Jul 25, 2019 — 150 US private placement 2012 — USD portion — tranche 2 ( h 4.27 % Jul 25, 2022 199 199 US private placement 2012 — USD portion — tranche 3 ( h 4.42 % Jul 25, 2024 148 149 US private placement 2012 — AUD portion 7.04 % Jul 25, 2022 75 77 REA Group Credit facility 2016 — tranche 3 ( i — Dec 31, 2019 — 168 Credit facility 2018 ( j 1.93 % Apr 27, 2021 49 49 Credit facility 2019 (j) 1.95 % Dec 2, 2021 119 — Total borrowings 1,201 1,453 Less: current portion ( l — (449​​​​​​​ ) Long-term borrowings $ 1,201 $ 1,004 (a) During November 2019, certain subsidiaries of NXE Australia Pty Limited (“Foxtel” and together with such subsidiaries, the “Foxtel Debt Group”) repaid the outstanding borrowings under these facilities using a combination of new indebtedness and an A$200 million shareholder loan provided by the Company. (b) During November 2019, the Foxtel Debt Group entered into an A$610 million revolving credit facility maturing in November 2022 Credit (c) Borrowings under these facilities bear interest at a floating rate of the per annum depending on the Foxtel Debt Group’s net leverage ratio. As of December 31, 2019, the Foxtel Debt Group was paying a margin of 3.00% on drawn amounts under these facilities. (d) During November 2019, the Foxtel Debt Group entered into an A term loan facility maturing in November 2024 per annum. (e) During November 2019, the Foxtel Debt Group amended its 2017 Working Capital Facility which, among other things, extended the remaining term to three years, decreased the capacity under the facility from A million to A million and increased the applicable margin. (f) As of December 31, 2019, the Foxtel Debt Group has undrawn commitments of $11 million under this facility for which it pays a commitment fee of 45% of the applicable margin. (g) During the first quarter of fiscal 2020, the Foxtel Debt Group repaid $ million aggregate principal amount of senior unsecured notes which matured in July 2019 and $ million aggregate principal amount of senior unsecured notes which matured in September 2019. (h) The carrying values of the borrowings include any fair value adjustments related to the Company’s fair value hedges. See Note 8 —Financial Instruments and Fair Value Measurements. (i) During December 2019, REA Group repaid the final A$ 240 million tranche of its A$ 480 million revolving loan facility using a combination of cash on hand and new indebtedness. (j) Borrowings under these facilities bear interest at a floating rate of the Australian BBSY plus a margin of between 0.85% and 1.40% depending on REA Group’s net leverage ratio. As of December 31, 2019, REA Group was paying a margin of 0.85% on drawn amounts under these facilities. (k) During December 2019, REA Group entered into an A$170 million unsecured syndicated revolving loan facility maturing in December 21 Credit (l) The Company classifies the current portion of long term debt as non-current 470-50

Leases (Tables)

Leases (Tables)	6 Months Ended
	Dec. 31, 2019
Leases [Abstract]
Schedule of total lease cost for operating leases	The total lease cost for operating leases included in the Statement of Operations was as follows: For the three months ended For the six months ended Income Statement Location 2019 2019 (in millions) Operating lease costs Selling, general and administrative $ 51 $ 99 Operating lease costs Operating expenses 3 6 Short term lease costs Operating expenses 3 5 Variable lease costs Selling, general and administrative 10 19 Total lease costs $ 67 $ 129
Schedule of Additional Information Related To Operating Lease	Additional information related to the Company’s operating leases under ASU 2016-02: As of December 31, 2019 Weighted-average remaining lease term 11.3 years Weighted-average incremental borrowing rate 3.25 % For the six months ended 2019 (in millions) Cash paid - $ 116 Operating lease right-of-use $ 225
Schedule of Future minimum lease payments under non-cancellable leases	Future minimum lease payments under non-cancellable As of (in millions) Fiscal 2020 (six months remaining) $ 119 Fiscal 2021 207 Fiscal 2022 206 Fiscal 2023 193 Fiscal 2024 177 Thereafter 968 Total future minimum lease payments 1,870 Less: interest 344 Present value of minimum payments $ 1,526

Equity (Tables)

Equity (Tables)	6 Months Ended
	Dec. 31, 2019
Stockholders' Equity Note [Abstract]
Summary of Changes in Equity	The following tables summarize changes in equity for the three and six months ended December 31, 2019 and 2018: For the three months ended December 31, 2019 Accumulated Class A Class B Additional Other Total Common Stock Common Stock Paid-in Accumulated Comprehensive News Corp Non-controlling Total Shares Amount Shares Amount Capital Deficit Loss Equity Interests Equity (in millions) Balance, September 30, 388 $ 4 200 $ 2 $ 12,174 $ (2,200 ) $ (1,266 ) $ 8,714 $ 1,115 $ 9,829 Net income — — — — — 85 — 85 18 103 Other comprehensive income — — — — — — 150 150 36 186 Dividends — — — — — — — — — — Other 1 — — — 9 1 (1 ) 9 — 9 Balance, December 31, 2019 389 $ 4 200 $ 2 $ 12,183 $ (2,114 ) $ (1,117 ) $ 8,958 $ 1,169 $ 10,127 For the three months ended December 31, 2018 Accumulated Class A Class B Additional Other Total Common Stock Common Stock Paid-in Accumulated Comprehensive News Corp Non-controlling Total Shares Amount Shares Amount Capital Deficit Loss Equity Interests Equity (in millions) Balance, September 30, 2018 385 $ 4 200 $ 2 $ 12,257 $ (2,032 ) $ (970 ) $ 9,261 $ 1,169 $ 10,430 Net income — — — — — 95 — 95 24 119 Other comprehensive loss — — — — — — (106 ) (106 ) (28 ) (134 ) Dividends — — — — — — — — — — Other — — — — 14 — — 14 5 19 Balance, December 31, 2018 385 $ 4 200 $ 2 $ 12,271 $ (1,937 ) $ (1,076 ) $ 9,264 $ 1,170 $ 10,434 For the six months ended December 31, 2019 Accumulated Class A Class B Additional Other Total Common Stock Common Stock Paid-in Accumulated Comprehensive News Non - Total Shares Amount Shares Amount Capital Deficit Loss Equity Interests Equity (in millions) Balance, June 30, 2019 386 $ 4 200 $ 2 $ 12,243 $ (1,979 ) $ (1,126 ) $ 9,144 $ 1,167 $ 10,311 Cumulative impact from adoption of new standards — — — — — 6 3 9 — 9 Net ( loss ) — — — — — (142 ) — (142 ) 34 (108 ) Other comprehensive income ( loss — — — — — — 7 7 (9 ) (2 ) Dividends — — — — (59 ) — — (59 ) (22 ) (81 ) Other 3 — — — (1 ) 1 (1 ) (1 ) (1 ) (2 ) Balance, December 31, 2019 389 $ 4 200 $ 2 $ 12,183 $ (2,114 ) $ (1,117 ) $ 8,958 $ 1,169 $ 10,127 For the six months ended December 31, 2018 Accumulated Class A Class B Additional Other Total Common Stock Common Stock Paid-in Accumulated Comprehensive News Non - Total Shares Amount Shares Amount Capital Deficit Loss Equity Interests Equity (in millions) Balance, June 30, 2018 383 $ 4 200 $ 2 $ 12,322 $ (2,163 ) $ (874 ) $ 9,291 $ 1,186 $ 10,477 Cumulative impact from adoption of new standards — — — — — 32 (22 ) 10 10 20 Net income — — — — — 196 — 196 51 247 Other comprehensive loss — — — — — — (181 ) (181 ) (56 ) (237 ) Dividends — — — — (59 ) — — (59 ) (23 ) (82 ) Other 2 — — — 8 (2 ) 1 7 2 9 Balance, December 31, 2018 385 $ 4 200 $ 2 $ 12,271 $ (1,937 ) $ (1,076 ) $ 9,264 $ 1,170 $ 10,434

Financial Instruments and Fai_2

Financial Instruments and Fair Value Measurements (Tables)	6 Months Ended
	Dec. 31, 2019
Fair Value Disclosures [Abstract]
Summary of Assets and Liabilities Measured At Fair Value on Recurring Basis	The following table summarizes those assets and liabilities measured at fair value on a recurring basis: As of December 31, 2019 As of June 30, 2019 Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Total (in millions) Assets: Foreign currency derivatives - cash flow hedges $ — $ — $ — $ — $ — $ 1 $ — $ 1 Cross currency interest rate derivatives - fair value hedges — 21 — 21 — 29 — 29 Cross currency interest rate derivatives - economic hedges — — — — — 12 — 12 Cross currency interest rate derivatives - cash flow hedges — 82 — 82 — 116 — 116 Equity securities (a) 77 — 109 186 74 — 113 187 Total assets $ 77 $ 103 $ 109 $ 289 $ 74 $ 158 $ 113 $ 345 Liabilities: Foreign currency derivatives - cash flow hedges $ — $ 2 $ — $ 2 $ — $ — $ — $ — Interest rate derivatives - cash flow hedges — 16 — 16 — 20 — 20 Mandatorily redeemable noncontrolling interests — — — — — — 11 11 Cross currency interest rate derivatives - cash flow hedges — 17 — 17 — 18 — 18 Total liabilities $ — $ 35 $ — $ 35 $ — $ 38 $ 11 $ 49 (a) See Note 4
Summary of Equity Securities Classified as Level 3	A rollforward of the Company’s equity securities classified as Level 3 is as follows: For the six months ended December 31, 2019 2018 (in millions) Balance - beginning of period (a) $ 113 $ 127 Purchases 1 6 Sales — (10 ) Measurement adjustments (3 ) — Foreign exchange and other (2 ) (8 ) Balance - end of period $ 109 $ 115 (a) As a result of the adoption of ASU 2016-01
Summary of Mandatorily Redeemable Noncontrolling Interest Liabilities Classified Level 3	A rollforward of the Company’s mandatorily redeemable noncontrolling interest liabilities classified as Level 3 is as follows: For the six months ended December 31, 2019 2018 (in millions) Balance - beginning of period $ 12 $ 12 Payments (a) (11 ) — Other (1 ) — Balance - end of period $ — $ 12 (a) In July 2019, REA Group acquired the remaining 19.7% interest in Smartline Home Loans Pty Limited for approximately $11 million, increasing REA Group’s ownership to 100%.
Summary of Hedges Classified as Current or Non-Current in Balance Sheets Based on Maturity Dates	Hedges are classified as current or non-current Balance Sheet Location As of As of (in millions) Foreign currency derivatives - cash flow hedges Other current assets $ — $ 1 Cross currency interest rate derivatives - fair value hedges Other current assets — 8 Cross currency interest rate derivatives - economic hedges Other current assets — 12 Cross currency interest rate derivatives - cash flow hedges Other current assets — 33 Cross currency interest rate derivatives - fair value hedges Other non-current assets 21 21 Cross currency interest rate derivatives - cash flow hedges Other non-current assets 82 83 Foreign currency derivatives - cash flow hedges Other current liabilities (2 ) — Interest rate derivatives - cash flow hedges Other current liabilities — (2 ) Interest rate derivatives - cash flow hedges Other non-current liabilities (16 ) (18 ) Cross currency interest rate derivatives - cash flow hedges Other non-current liabilities (17 ) (18 )
Financial Instruments and Fair Value Measurements - Summary of Derivative Instruments Designated as Cash Flow Hedges	The following tables present the impact that changes in the fair values of derivatives designated as cash flow hedges had on Accumulated other comprehensive loss and the Statement of Operations during the three and six months ended December 31, 2019 and 2018. Gain (loss) recognized in Accumulated (Gain) loss reclassified from other comprehensive loss for the three months ended other comprehensive loss for the three months ended Income statement December 31, December 31, location 2019 2018 2019 2018 (in millions) Derivative instruments designated as cash flow hedges: Foreign currency derivatives - cash flow hedges $ (1 ) $ 2 $ — $ (1 ) Operating expenses Cross currency interest rate derivatives - cash flow hedges (13 ) 30 12 (26 ) Interest expense, net Interest rate derivatives - cash flow hedges 1 (1 ) 1 2 Interest expense, net Total $ (13 ) $ 31 $ 13 $ (25 ) Gain (loss) recognized in Accumulated (Gain) loss reclassified from o c l for the six months ended o c l for the six months ended Income statement December 31, December 31, location 2019 2018 2019 2018 (in millions) Derivative instruments designated as cash flow hedges: Foreign currency derivatives - cash flow hedges $ (2 ) $ 4 $ (2 ) $ (2 ) Operating expenses Cross currency interest rate derivatives - cash flow hedges (8 ) 16 3 (12 ) Interest expense, net Interest rate derivatives - cash flow hedges (3 ) (2 ) (5 ) 4 Interest expense, net Total $ (13 ) $ 18 $ (4 ) $ (10 )
Schedule of FairValue Hedging Relationship By Balance Sheet	The following sets forth the effect of fair value hedging relationships on hedged items in the Balance Sheets as of December 31, 2019: As of December 31, 2019 (in millions) Borrowings: Carrying amount of hedged item $ 68 Cumulative hedging adjustments included in the carrying amount $ (3 )

Earnings (Loss) Per Share (Tabl

Earnings (Loss) Per Share (Tables)	6 Months Ended
	Dec. 31, 2019
Earnings Per Share [Abstract]
Computation of Basic and Diluted Earnings per Share	The following tables set forth the computation of basic and diluted earnings (loss) For the three months For the six months 2019 2018 2019 2018 (in millions, except per share amounts) Net income (loss) $ 103 $ 119 $ (108 ) $ 247 Less: Net income attributable to noncontrolling interests (18 ) (24 ) (34 ) (51 ) Net income (loss) attributable to News Corporation stockholders $ 85 $ 95 $ (142 ) $ 196 Weighted-average number of shares of common stock outstanding - basic 588.2 584.9 587.4 584.4 Dilutive effect of equity awards (a) 2.1 2.2 — 1.9 Weighted-average number of shares of common stock outstanding - diluted 590.3 587.1 587.4 586.3 Net income (loss) attributable to News Corporation stockholders per share - basic $ 0.15 $ 0.16 $ (0.24 ) $ 0.34 Net income (loss) attributable to News Corporation stockholders per share - diluted $ 0.14 $ 0.16 $ (0.24 ) $ 0.33 (a) The dilutive impact of the Company’s performance stock units, restricted stock units and stock options has been excluded from the calculation of diluted loss per share for the six months ended December 31, 2019 because their inclusion would have an antidilutive effect on the net loss per share.

Commitments and Contingencies (

Commitments and Contingencies (Tables)	6 Months Ended
	Dec. 31, 2019
Commitments and Contingencies Disclosure [Abstract]
Schedule of Commitments by Fiscal Year Maturity	As of December 31, 2019 Payments Due by Period Total Less than 1 1-3 3-5 More than years (in millions) Borrowings $ 1,199 $ — $ 875 $ 324 $ — Interest payments on borrowings (a) $ 170 $ 50 $ 89 $ 31 $ — (a) Reflects the Company’s expected future interest payments based on borrowings outstanding and interest rates applicable at December 31, 2019. Such outstanding amounts and rates are subject to change in future periods. See Note 5 —Borrowings.

Segment Information (Tables)

Segment Information (Tables)	6 Months Ended
	Dec. 31, 2019
Segment Reporting [Abstract]
Reconciliation of Revenue and Segment EBITDA from Segments to Consolidated	Segment information is summarized as follows: For the three months For the six months 2019 2018 2019 2018 (in millions) Revenues: News and Information Services $ 1,241 $ 1,257 $ 2,390 $ 2,505 Subscription Video Services 501 562 1,015 1,127 Book Publishing 442 496 847 914 Digital Real Estate Services 294 311 566 604 Other 1 1 1 1 Total revenues $ 2,479 $ 2,627 $ 4,819 $ 5,151 Segment EBITDA: News and Information Services $ 142 $ 112 $ 198 $ 221 Subscription Video Services 70 84 151 197 Book Publishing 63 88 112 156 Digital Real Estate Services 118 121 200 226 Other (38 ) (35 ) (85 ) (72 ) Depreciation and amortization (162 ) (163 ) (324 ) (326 ) Impairment and restructuring charges (29 ) (19 ) (326 ) (37 ) Equity losses of affiliates (3 ) (6 ) (5 ) (9 ) Interest expense, net (8 ) (15 ) (4 ) (31 ) Other, net 2 7 6 27 Income (loss) before income tax expense 155 174 (77 ) 352 Income tax expense (52 ) (55 ) (31 ) (105 ) Net income (loss) $ 103 $ 119 $ (108 ) $ 247
Reconciliation of Assets from Segments to Consolidated	As of December 31 , 2019 As of , 2019 (in millions) Total assets: News and Information Services $ 5,638 $ 5,482 Subscription Video Services 4,683 4,406 Book Publishing 2,214 2,074 Digital Real Estate Services 2,257 2,229 Other (a) 1,165 1,185 Investments 325 335 Total assets $ 16,282 $ 15,711 (a) The Other segment primarily includes Cash and cash equivalents.
Reconciliation of Goodwill and Intangible Assets from Segments to Consolidated	As of As of (in millions) Goodwill and intangible assets, net: News and Information Services $ 2,338 $ 2,617 Subscription Video Services 2,552 2,595 Book Publishing 767 772 Digital Real Estate Services 1,576 1,589 Total Goodwill and intangible assets, net $ 7,233 $ 7,573

Additional Financial Informat_2

Additional Financial Information (Tables)	6 Months Ended
	Dec. 31, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Components of Receivables, Net	Receivables, net consist of: As of As of (in millions) Receivables $ 1,624 $ 1,590 Allowance for doubtful accounts (54 ) (46 ) Receivables, net $ 1,570 $ 1,544
Components of Other Non-Current Assets	The following table sets forth the components of Other non-current As of As of (in millions) Royalty advances to authors $ 338 $ 343 Retirement benefit assets 137 117 Inventory (a) 143 155 Other 330 315 Total Other non-current $ 948 $ 930 (a) Primarily consists of the non-current
Components of Other Current Liabilities	The following table sets forth the components of Other current liabilities: As of As of (in millions) Royalties and commissions payable $ 218 $ 211 Current operating lease liabilities (a) 183 — Allowance for sales returns 180 192 Current tax payable 19 22 Other 269 299 Total Other current liabilities $ 869 $ 724 (a) As a result of the adoption of ASU 2016-02
Components of Other, Net Included in Statements of Operations	The following table sets forth the components of Other, net: For the three months For the six months 2019 2018 2019 2018 (in millions) Dividends received from equity security investments $ — $ 22 $ 1 $ 23 Remeasurement of equity securities (6 ) (44 ) (5 ) (29 ) Gain on sale of Australian property — 12 — 12 Other, net 8 17 10 21 Total Other, net $ 2 $ 7 $ 6 $ 27
Summary of Supplemental Cash Flow Information	The following table sets forth the Company’s cash paid for taxes and interest: For the six months ended 2019 2018 (in millions) Cash paid for interest $ 33 $ 45 Cash paid for taxes $ 69 $ 75

Description of Business and B_3

Description of Business and Basis of presentation (Detail) - USD ($) $ in Millions	3 Months Ended	6 Months Ended		12 Months Ended
	Dec. 31, 2018	Dec. 31, 2019	Dec. 31, 2018	Jun. 30, 2020	Jul. 01, 2019	Jun. 30, 2019
Fiscal period duration		364 days
Operating lease right of use assets		$ 1,299				$ 0
Operating lease liabilities non current		$ 1,343				$ 0
News and Information Services [Member]
Effect of reclassification of expenses	$ 8		$ 15
Scenario, Forecast [Member]
Fiscal period duration				364 days
Accounting Standards Update 2016-02 [Member]
Operating lease right of use assets					$ 1,400
Operating lease liabilities,current					200
Operating lease liabilities non current					1,400
Decrease in deferred gain					$ 9

Revenues - Additional Informati

Revenues - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended	6 Months Ended
	Dec. 31, 2019	Dec. 31, 2019
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Revenue from performance obligation	$ 74	$ 154

Revenues - Practical expedients

Revenues - Practical expedients and other revenue disclosures (Detail) $ in Millions	Dec. 31, 2019USD ($)
Revenue from remaining performance obligation	$ 543
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2020-07-01
Revenue from remaining performance obligation	$ 111
Expected period of performance obligation to be recognized	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2021-07-01
Revenue from remaining performance obligation	$ 196
Expected period of performance obligation to be recognized	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2022-07-01
Revenue from remaining performance obligation	$ 87
Expected period of performance obligation to be recognized	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2023-07-01
Revenue from remaining performance obligation	$ 36
Expected period of performance obligation to be recognized	1 year

Revenues - Summary of Disaggreg

Revenues - Summary of Disaggregated Revenue by Type and by Segment (Detail) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2019	Dec. 31, 2018
Disaggregation of Revenue [Line Items]
Revenues	$ 2,479	$ 2,627	$ 4,819	$ 5,151
Circulation and Subscription [Member]
Disaggregation of Revenue [Line Items]
Revenues	990	1,029	1,985	2,063
Advertising [Member]
Disaggregation of Revenue [Line Items]
Revenues	677	718	1,285	1,382
Consumer [Member]
Disaggregation of Revenue [Line Items]
Revenues	421	478	808	878
Real Estate [Member]
Disaggregation of Revenue [Line Items]
Revenues	242	248	460	475
Other [Member]
Disaggregation of Revenue [Line Items]
Revenues	149	154	281	353
News and Information Services [Member]
Disaggregation of Revenue [Line Items]
Revenues	1,241	1,257	2,390	2,505
News and Information Services [Member] | Circulation and Subscription [Member]
Disaggregation of Revenue [Line Items]
Revenues	541	526	1,075	1,055
News and Information Services [Member] | Advertising [Member]
Disaggregation of Revenue [Line Items]
Revenues	599	632	1,129	1,208
News and Information Services [Member] | Consumer [Member]
Disaggregation of Revenue [Line Items]
Revenues	0	0	0	0
News and Information Services [Member] | Real Estate [Member]
Disaggregation of Revenue [Line Items]
Revenues	0	0	0	0
News and Information Services [Member] | Other [Member]
Disaggregation of Revenue [Line Items]
Revenues	101	99	186	242
Subscription Video Services [Member]
Disaggregation of Revenue [Line Items]
Revenues	501	562	1,015	1,127
Subscription Video Services [Member] | Circulation and Subscription [Member]
Disaggregation of Revenue [Line Items]
Revenues	439	490	890	981
Subscription Video Services [Member] | Advertising [Member]
Disaggregation of Revenue [Line Items]
Revenues	53	55	104	112
Subscription Video Services [Member] | Consumer [Member]
Disaggregation of Revenue [Line Items]
Revenues	0	0	0	0
Subscription Video Services [Member] | Real Estate [Member]
Disaggregation of Revenue [Line Items]
Revenues	0	0	0	0
Subscription Video Services [Member] | Other [Member]
Disaggregation of Revenue [Line Items]
Revenues	9	17	21	34
Book Publishing [Member]
Disaggregation of Revenue [Line Items]
Revenues	442	496	847	914
Book Publishing [Member] | Circulation and Subscription [Member]
Disaggregation of Revenue [Line Items]
Revenues	0	0	0	0
Book Publishing [Member] | Advertising [Member]
Disaggregation of Revenue [Line Items]
Revenues	0	0	0	0
Book Publishing [Member] | Consumer [Member]
Disaggregation of Revenue [Line Items]
Revenues	421	478	808	878
Book Publishing [Member] | Real Estate [Member]
Disaggregation of Revenue [Line Items]
Revenues	0	0	0	0
Book Publishing [Member] | Other [Member]
Disaggregation of Revenue [Line Items]
Revenues	21	18	39	36
Digital Real Estate Services [Member]
Disaggregation of Revenue [Line Items]
Revenues	294	311	566	604
Digital Real Estate Services [Member] | Circulation and Subscription [Member]
Disaggregation of Revenue [Line Items]
Revenues	9	13	19	27
Digital Real Estate Services [Member] | Advertising [Member]
Disaggregation of Revenue [Line Items]
Revenues	25	31	52	62
Digital Real Estate Services [Member] | Consumer [Member]
Disaggregation of Revenue [Line Items]
Revenues	0	0	0	0
Digital Real Estate Services [Member] | Real Estate [Member]
Disaggregation of Revenue [Line Items]
Revenues	242	248	460	475
Digital Real Estate Services [Member] | Other [Member]
Disaggregation of Revenue [Line Items]
Revenues	18	19	35	40
Other Services [Member]
Disaggregation of Revenue [Line Items]
Revenues	1	1	1	1
Other Services [Member] | Circulation and Subscription [Member]
Disaggregation of Revenue [Line Items]
Revenues	1	0	1	0
Other Services [Member] | Advertising [Member]
Disaggregation of Revenue [Line Items]
Revenues	0	0	0	0
Other Services [Member] | Consumer [Member]
Disaggregation of Revenue [Line Items]
Revenues	0	0	0	0
Other Services [Member] | Real Estate [Member]
Disaggregation of Revenue [Line Items]
Revenues	0	0	0	0
Other Services [Member] | Other [Member]
Disaggregation of Revenue [Line Items]
Revenues	$ 0	$ 1	$ 0	$ 1

Revenues - Summary of Deferred

Revenues - Summary of Deferred Revenue from Contract with Customers (Detail) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2019	Dec. 31, 2018
Deferred Revenue [Abstract]
Balance, beginning of period	$ 448	$ 436	$ 428	$ 510
Deferral of revenue	754	742	1,575	1,337
Recognition of deferred revenue	(797)	(747)	(1,591)	(1,417)
Other	6	(1)	(1)	0
Balance, end of period	$ 411	$ 430	$ 411	$ 430

Revenues - Summary of Deferre_2

Revenues - Summary of Deferred Revenue from Contract with Customers (Parenthetical) (Detail) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2019	Dec. 31, 2018
Deferred Revenue Arrangement [Line Items]
Recognition of deferred revenue	$ 797	$ 747	$ 1,591	$ 1,417
Deferred Revenue [Member]
Deferred Revenue Arrangement [Line Items]
Recognition of deferred revenue	$ 232	$ 267	$ 329	$ 421

Impairment and Restructuring _3

Impairment and Restructuring Charges - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2019	Dec. 31, 2018
Restructuring Charges	$ 10	$ 19	$ 34	$ 37
News and Information Services [Member]
Restructuring Charges	7	$ 15	26	$ 32
Non-cash impairment of goodwill and indefinite-lived intangible assets	19		292
Non-cash impairment charge of goodwill			122
Non-cash impairment charge for indefinite-lived intangible assets			$ 113
News and Information Services [Member] | Maximum [Member]
Discount rates			18.50%
Long-term growth rates			1.50%
News and Information Services [Member] | Minimum [Member]
Discount rates			17.00%
Long-term growth rates			0.60%
Other Current Liabilities [Member]
Restructuring liabilities, current	16		$ 16
Other Noncurrent Liabilities [Member]
Restructuring liabilities, non-current	$ 9		$ 9

Impairment and Restructuring _4

Impairment and Restructuring Charges - Schedule of Changes in Restructuring Program Liabilities (Detail) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2019	Dec. 31, 2018
Restructuring Cost and Reserve [Line Items]
Restructuring Liabilities, Beginning Balance	$ 32	$ 36	$ 40	$ 42
Additions	10	19	34	37
Payments	(18)	(21)	(47)	(45)
Other	1	(1)	(2)	(1)
Restructuring Liabilities, Ending Balance	25	33	25	33
One Time Employee Termination Benefits [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Liabilities, Beginning Balance	22	23	28	29
Additions	10	19	34	37
Payments	(17)	(21)	(46)	(44)
Other	1	(1)	0	(2)
Restructuring Liabilities, Ending Balance	16	20	16	20
Facility Related Costs [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Liabilities, Beginning Balance	0	2	2	2
Additions	0	0	0	0
Payments	0	0	0	0
Other	0	0	(2)	0
Restructuring Liabilities, Ending Balance	0	2	0	2
Other Costs [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Liabilities, Beginning Balance	10	11	10	11
Additions	0	0	0	0
Payments	(1)	0	(1)	(1)
Other	0	0	0	1
Restructuring Liabilities, Ending Balance	$ 9	$ 11	$ 9	$ 11

Investments - Schedule of Inves

Investments - Schedule of Investments (Detail) - USD ($) $ in Millions	Dec. 31, 2019	Jun. 30, 2019
Schedule of Investments [Abstract]
Equity method investments	$ 139	$ 148
Equity securities	186	187
Total Investments	$ 325	$ 335

Investments - Schedule of Total

Investments - Schedule of Total Gains and Losses on Equity Securities (Detail) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2019	Dec. 31, 2018
Schedule of Investments [Abstract]
Total losses recognized on equity securities	$ (6)	$ (44)	$ (5)	$ (29)
Less: Net gains recognized on equity securities sold	0	0	0	0
Unrealized losses recognized on equity securities held at end of period	$ (6)	$ (44)	$ (5)	$ (29)

Investments - Additional Inform

Investments - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2019	Dec. 31, 2018
Schedule of Investments [Abstract]
Equity losses of affiliates	$ 3	$ 6	$ 5	$ 9

Borrowings - Schedule of Borrow

Borrowings - Schedule of Borrowings (Detail) - USD ($) $ in Millions		6 Months Ended
		Dec. 31, 2019		Jun. 30, 2019
Debt and Financial Instruments [Line Items]
Total borrowings		$ 1,201		$ 1,453
Less: current portion		0	[1]	(449)
Long-term borrowings		1,201		1,004
Credit Facility 2014 Tranche 2 [Member] | Foxtel [Member]
Debt and Financial Instruments [Line Items]
Total borrowings	[2]	$ 0		56
Interest rate	[2]	0.00%
Maturity	[2]	Jan. 31, 2020
Credit Facility 2015 [Member] | Foxtel [Member]
Debt and Financial Instruments [Line Items]
Total borrowings	[2]	$ 0		281
Interest rate	[2]	0.00%
Maturity	[2]	Jul. 31, 2020
Credit Facility 2016 [Member] | Foxtel [Member]
Debt and Financial Instruments [Line Items]
Total borrowings	[2]	$ 0		193
Interest rate	[2]	0.00%
Maturity	[2]	Sep. 11, 2021
Working Capital Facility 2017 [Member] | Foxtel [Member]
Debt and Financial Instruments [Line Items]
Total borrowings	[2],[3],[4],[5]	$ 12		56
Interest rate	[2],[3],[4],[5]	3.90%
Maturity	[2],[3],[4],[5]	Nov. 22, 2022
US Private Placement 2009 Tranche 3 [Member] | Foxtel [Member]
Debt and Financial Instruments [Line Items]
Total borrowings	[6]	$ 0		75
Interest rate		0.00%
Maturity	[6]	Sep. 24, 2019
US Private Placement 2012 USD Portion Tranche 1 [Member] | Foxtel [Member]
Debt and Financial Instruments [Line Items]
Total borrowings	[6]	$ 0		150
Interest rate	[6]	0.00%
Maturity		Jul. 25, 2019
US Private Placement 2012 USD Portion Tranche 2 [Member] | Foxtel [Member]
Debt and Financial Instruments [Line Items]
Total borrowings	[7]	$ 199		199
Interest rate	[7]	4.27%
Maturity	[7]	Jul. 25, 2022
US Private Placement 2012 USD Portion Tranche 3 [Member] | Foxtel [Member]
Debt and Financial Instruments [Line Items]
Total borrowings	[7]	$ 148		149
Interest rate	[7]	4.42%
Maturity	[7]	Jul. 25, 2024
US Private Placement 2012 AUD Portion [Member] | Foxtel [Member]
Debt and Financial Instruments [Line Items]
Total borrowings		$ 75		77
Interest rate		7.04%
Maturity		Jul. 25, 2022
Credit Facility Fiscal 2016 Tranche 3 [Member] | REA Group Inc [Member]
Debt and Financial Instruments [Line Items]
Total borrowings	[8]	$ 0		168
Interest rate	[8]	0.00%
Maturity	[8]	Dec. 31, 2019
Credit Facility Fiscal 2018 [Member] | REA Group Inc [Member]
Debt and Financial Instruments [Line Items]
Total borrowings	[9]	$ 49		49
Interest rate	[9]	1.93%
Maturity	[8],[9]	Apr. 27, 2021
Credit Facility Fiscal Two Thousand And Nineteen [Member] | Foxtel [Member]
Debt and Financial Instruments [Line Items]
Total borrowings	[4],[10]	$ 425		0
Interest rate	[4],[10]	3.94%
Maturity	[4],[10]	Nov. 22, 2022
Credit Facility Fiscal Two Thousand And Nineteen [Member] | REA Group Inc [Member]
Debt and Financial Instruments [Line Items]
Total borrowings	[9],[11]	$ 119		0
Interest rate	[9],[11]	1.95%
Maturity	[9],[11]	Dec. 2, 2021
Term Loan Facility Two Thousand And Nineteen [Member] | Foxtel [Member]
Debt and Financial Instruments [Line Items]
Total borrowings	[12]	$ 174		$ 0
Interest rate	[12]	6.25%
Maturity	[12]	Nov. 22, 2024
[1]	The Company classifies the current portion of long term debt as non-current liabilities on the Balance Sheets when it has the intent and ability to refinance the obligation on a long-term basis, in accordance with ASC 470-50 “Debt.”
[2]	During November 2019, certain subsidiaries of NXE Australia Pty Limited (“Foxtel” and together with such subsidiaries, the “Foxtel Debt Group”) repaid the outstanding borrowings under these facilities using a combination of new indebtedness and an A$200 million shareholder loan provided by the Company.
[3]	As of December 31, 2019, the Foxtel Debt Group has undrawn commitments of $11 million under this facility for which it pays a commitment fee of 45% of the applicable margin.
[4]	Borrowings under these facilities bear interest at a floating rate of the Australian BBSY plus an applicable margin of between 2.00% and 3.75% per annum depending on the Foxtel Debt Group’s net leverage ratio. As of December 31, 2019, the Foxtel Debt Group was paying a margin of 3.00% on drawn amounts under these facilities.
[5]	During November 2019, the Foxtel Debt Group amended its 2017 Working Capital Facility which, among other things, extended the remaining term to three years, decreased the capacity under the facility from A$100 million to A$40 million and increased the applicable margin.
[6]	During the first quarter of fiscal 2020, the Foxtel Debt Group repaid $150 million aggregate principal amount of senior unsecured notes which matured in July 2019 and $75 million aggregate principal amount of senior unsecured notes which matured in September 2019.
[7]	The carrying values of the borrowings include any fair value adjustments related to the Company’s fair value hedges. See Note 8 —Financial Instruments and Fair Value Measurements.
[8]	During December 2019, REA Group repaid the final A$240 million tranche of its A$480 million revolving loan facility using a combination of cash on hand and new indebtedness.
[9]	Borrowings under these facilities bear interest at a floating rate of the Australian BBSY plus a margin of between 0.85% and 1.40% depending on REA Group’s net leverage ratio. As of December 31, 2019, REA Group was paying a margin of 0.85% on drawn amounts under these facilities.
[10]	During November 2019, the Foxtel Debt Group entered into an A$610 million revolving credit facility maturing in November 2022 (the “2019 Credit Facility”).
[11]	During December 2019, REA Group entered into an A$170 million unsecured syndicated revolving loan facility maturing in December 2021 (the “2019 REA Group Credit Facility”).
[12]	During November 2019, the Foxtel Debt Group entered into an A$250 million term loan facility maturing in November 2024 (the “2019 Term Loan Facility”). Borrowings under the 2019 Term Loan Facility bear interest at a fixed rate of 6.25% per annum.

Borrowings - Schedule of Borr_2

Borrowings - Schedule of Borrowings (Parenthetical) (Detail) $ in Millions, $ in Millions	1 Months Ended	6 Months Ended
	Nov. 30, 2019AUD ($)	Dec. 31, 2019USD ($)	Dec. 31, 2019AUD ($)	Dec. 31, 2019AUD ($)
Foxtel [Member] | Credit Facility Fiscal 2019 (Member)
Debt and Financial Instruments [Line Items]
Line of credit maximum borrowing capacity	$ 610
Foxtel [Member] | Share Holders Loan [Member]
Debt and Financial Instruments [Line Items]
Proceeds from shareholder loans	200
Foxtel [Member] | Term Loan Facility 2019 [Member]
Debt and Financial Instruments [Line Items]
Term loan maximum borrowing capacity	$ 250
Debt Instrument, Maturity Date	Nov. 30, 2024
Debt instrument fixed interest rate	6.25%
Foxtel [Member] | Australian BBSY [Member] | Credit Facility Fiscal 2019 (Member)
Debt and Financial Instruments [Line Items]
Interest rate margin		3.00%	3.00%
Foxtel [Member] | Minimum [Member] | Australian BBSY [Member] | Credit Facility Fiscal 2019 (Member)
Debt and Financial Instruments [Line Items]
Interest rate margin		2.00%	2.00%
Foxtel [Member] | Maximum [Member] | Australian BBSY [Member] | Credit Facility Fiscal 2019 (Member)
Debt and Financial Instruments [Line Items]
Interest rate margin		3.75%	3.75%
REA Group [Member] | Maximum [Member] | Australian BBSY [Member]
Debt and Financial Instruments [Line Items]
Interest rate margin		1.40%	1.40%
US Private Placement 2012 USD Portion Tranche 1 [Member] | Foxtel [Member]
Debt and Financial Instruments [Line Items]
Repayments of lines of credit		$ 150
US Private Placement 2009 Tranche 3 [Member] | Foxtel [Member]
Debt and Financial Instruments [Line Items]
Repayments of lines of credit		$ 75
Facility Due December 2019 [Member] | REA Group [Member]
Debt and Financial Instruments [Line Items]
Repayment of revolving credit facility			$ 240
Line of credit maximum borrowing capacity				$ 480
Credit Facility Fiscal 2018 (Member) | REA Group [Member] | Australian BBSY [Member]
Debt and Financial Instruments [Line Items]
Interest rate margin		0.85%	0.85%
Credit Facility Fiscal 2018 (Member) | REA Group [Member] | Minimum [Member] | Australian BBSY [Member]
Debt and Financial Instruments [Line Items]
Interest rate margin		0.85%	0.85%
Credit Facility Fiscal 2019 (Member) | Foxtel [Member]
Debt and Financial Instruments [Line Items]
Line of credit facility maturity date	Nov. 30, 2022
Credit Facility Fiscal 2019 (Member) | REA Group [Member] | Unsecured Revolving Credit Facility [Member]
Debt and Financial Instruments [Line Items]
Line of credit maximum borrowing capacity				$ 170
Credit Facility Fiscal 2019 (Member) | REA Group [Member] | Australian BBSY [Member]
Debt and Financial Instruments [Line Items]
Interest rate margin		0.85%	0.85%
Credit Facility Fiscal 2019 (Member) | REA Group [Member] | Minimum [Member] | Australian BBSY [Member]
Debt and Financial Instruments [Line Items]
Interest rate margin		0.85%	0.85%
Working Capital Facility 2017 [Member] | Foxtel [Member]
Debt and Financial Instruments [Line Items]
Debt instrument unused borrowing capacity percentage fee		45.00%	45.00%
Working Capital Facility 2017 [Member] | REA Group [Member] | Foxtel [Member] | Unsecured Revolving Credit Facility [Member]
Debt and Financial Instruments [Line Items]
Debt instrument unused borrowing capacity		$ 11
working capital facility 2017 Amended [Member] | Foxtel [Member]
Debt and Financial Instruments [Line Items]
Line of credit maximum borrowing capacity	$ 100
Working capital facility	$ 40
Debt instrument term	3 years

Borrowings - Additional Informa

Borrowings - Additional Information (Detail) $ in Millions		Jan. 01, 2020	Feb. 29, 2020AUD ($)	Dec. 31, 2019USD ($)	Dec. 31, 2019AUD ($)	Nov. 30, 2019AUD ($)	Dec. 31, 2019AUD ($)	Dec. 31, 2019AUD ($)
Foxtel [Member] | Share Holders Loan [Member]
Debt Instrument [Line Items]
Proceeds from shareholder loans						$ 200
Foxtel [Member] | Term Loan Facility Two Thousand And Nineteen [Member]
Debt Instrument [Line Items]
Operating income leverage ratio							3.75%
Interest coverage ratio							3.50%
Debt instrument fixed interest rate				6.25%				6.25%
Proceeds from long term line of credit							$ 250
Foxtel [Member] | Term Loan Facility Two Thousand And Nineteen [Member] | Fiscal Year Two Thousand And Twenty One [Member] | Scenario, Forecast [Member]
Debt Instrument [Line Items]
Operating income leverage ratio		3.50%
Foxtel [Member] | Term Loan Facility Two Thousand And Nineteen [Member] | Fiscal Year Two Thousand And Twenty Two [Member] | Scenario, Forecast [Member]
Debt Instrument [Line Items]
Operating income leverage ratio		3.25%
Foxtel [Member] | Credit Facility Fiscal Two Thousand And Nineteen [Member]
Debt Instrument [Line Items]
Operating income leverage ratio							3.75%
Interest coverage ratio							3.50%
Percentage of applicable margin payable as commitment fee							45.00%
Proceeds from term loan facilities							$ 610
Foxtel [Member] | Credit Facility Fiscal Two Thousand And Nineteen [Member] | Fiscal Year Two Thousand And Twenty One [Member] | Scenario, Forecast [Member]
Debt Instrument [Line Items]
Operating income leverage ratio		3.50%
Foxtel [Member] | Credit Facility Fiscal Two Thousand And Nineteen [Member] | Fiscal Year Two Thousand And Twenty Two [Member] | Scenario, Forecast [Member]
Debt Instrument [Line Items]
Operating income leverage ratio		3.25%
Foxtel [Member] | Telstra Subordinated Loan Facility Two Thousand And Twenty [Member] | Subsequent Event [Member]
Debt Instrument [Line Items]
Unsecured revolving credit facility maximum capacity			$ 170
Share holder's loan intersest rate			7.75%
Share holder's loan maturity		Dec. 31, 2027
Percentage of shareholding			35.00%
Foxtel [Member] | Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Repayment of revolving credit facility						1,100
Maximum [Member] | Foxtel [Member] | Credit Facility Fiscal Two Thousand And Nineteen [Member] | Australian BBSY [Member]
Debt Instrument [Line Items]
Interest rate margin							3.75%
Minimum [Member] | Foxtel [Member] | Credit Facility Fiscal Two Thousand And Nineteen [Member] | Australian BBSY [Member]
Debt Instrument [Line Items]
Interest rate margin							2.00%
Facility Due December 2019 [Member] | REA Group [Member]
Debt Instrument [Line Items]
Operating income leverage ratio				3.25%	3.25%
Interest coverage ratio				3.00%	3.00%
Unsecured revolving credit facility maximum capacity								$ 480
Percentage of applicable margin payable as commitment fee				40.00%	40.00%
Proceeds from term loan facilities					$ 170
Facility Due December 2019 [Member] | Maximum [Member] | REA Group [Member] | Australian BBSY [Member]
Debt Instrument [Line Items]
Interest rate margin				1.30%	1.30%
Facility Due December 2019 [Member] | Minimum [Member] | REA Group [Member] | Australian BBSY [Member]
Debt Instrument [Line Items]
Interest rate margin				0.85%	0.85%
Credit Facility Two Thousand Fourteen [Member] | Foxtel [Member]
Debt Instrument [Line Items]
Repayment of revolving credit facility						200
Due date							Jan. 31, 2020
Credit Facility Two Thousand Fifteen [Member] | Foxtel [Member]
Debt Instrument [Line Items]
Repayment of revolving credit facility						400
Due date	[1]						Jul. 31, 2020
Debt instrument fixed interest rate	[1]			0.00%				0.00%
Credit Facility Two Thousand Sixteen [Member] | Foxtel [Member]
Debt Instrument [Line Items]
Repayment of revolving credit facility						400
Due date	[1]						Sep. 11, 2021
Debt instrument fixed interest rate	[1]			0.00%				0.00%
Working Capital Facility 2017 [Member] | Foxtel [Member]
Debt Instrument [Line Items]
Due date	[1],[2],[3],[4]						Nov. 22, 2022
Debt instrument fixed interest rate	[1],[2],[3],[4]			3.90%				3.90%
Working Capital Facility Capacity						100
Facility Due December Two Zero One Nine [Member] | REA Group [Member]
Debt Instrument [Line Items]
Repayment of revolving credit facility					$ 240
News Corp Two Thousand And Nineteen Credit Agreement [Member] | Revised Line Of Credit Facility [Member]
Debt Instrument [Line Items]
Operating income leverage ratio				3.00%	3.00%
News Corp Two Thousand And Nineteen Credit Agreement [Member] | Unsecured Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Letters of credit sublimit under credit facility				$ 100,000,000
Unsecured revolving credit facility maximum capacity				$ 750,000,000
News Corp Two Thousand And Nineteen Credit Agreement [Member] | Unsecured Revolving Credit Facility [Member] | Revised Line Of Credit Facility [Member]
Debt Instrument [Line Items]
Interest coverage ratio				3.00%	3.00%
Unsecured revolving credit facility maximum capacity				$ 1,000,000,000
Percentage of applicable margin payable as commitment fee				0.20%	0.20%
Proceeds from long term line of credit				$ 0
Line of credit facility maturity date				Dec. 12, 2024	Dec. 12, 2024
News Corp Two Thousand And Nineteen Credit Agreement [Member] | Unsecured Revolving Credit Facility [Member] | Base Rate [Member] | Revised Line Of Credit Facility [Member]
Debt Instrument [Line Items]
Interest rate margin				0.375%	0.375%
News Corp Two Thousand And Nineteen Credit Agreement [Member] | Unsecured Revolving Credit Facility [Member] | Eurodollar [Member] | Revised Line Of Credit Facility [Member]
Debt Instrument [Line Items]
Interest rate margin				1.375%	1.375%
Credit Agreement [Member] | Unsecured Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Unsecured revolving credit facility available amount				$ 650,000,000
working capital facility 2017 Amended [Member] | Foxtel [Member]
Debt Instrument [Line Items]
Working Capital Facility Amended Capacity						$ 40
Debt instrument term							3 years
[1]	During November 2019, certain subsidiaries of NXE Australia Pty Limited (“Foxtel” and together with such subsidiaries, the “Foxtel Debt Group”) repaid the outstanding borrowings under these facilities using a combination of new indebtedness and an A$200 million shareholder loan provided by the Company.
[2]	As of December 31, 2019, the Foxtel Debt Group has undrawn commitments of $11 million under this facility for which it pays a commitment fee of 45% of the applicable margin.
[3]	Borrowings under these facilities bear interest at a floating rate of the Australian BBSY plus an applicable margin of between 2.00% and 3.75% per annum depending on the Foxtel Debt Group’s net leverage ratio. As of December 31, 2019, the Foxtel Debt Group was paying a margin of 3.00% on drawn amounts under these facilities.
[4]	During November 2019, the Foxtel Debt Group amended its 2017 Working Capital Facility which, among other things, extended the remaining term to three years, decreased the capacity under the facility from A$100 million to A$40 million and increased the applicable margin.

Leases - Schedule of total leas

Leases - Schedule of total lease cost for operating leases (Detail) - USD ($) $ in Millions	3 Months Ended	6 Months Ended
	Dec. 31, 2019	Dec. 31, 2019
Total lease costs	$ 67	$ 129
Selling, general and administrative [Member]
Operating lease costs	51	99
Variable Lease costs	10	19
Operating Expense [Member]
Operating lease costs	3	6
Short term lease costs	$ 3	$ 5

Leases - Schedule of Additional

Leases - Schedule of Additional Information Related To Operating Lease (Detail) - Accounting Standards Update 2016-02 [Member] $ in Millions	6 Months Ended
	Dec. 31, 2019USD ($)
Weighted-average remaining lease term	11 years 3 months 18 days
Weighted-average incremental borrowing rate	3.25%
Cash paid - Operating lease liabilities	$ 116
Operating lease right-of-use asset obtained in exchange for operating lease liabilities	$ 225

Leases - Schedule of Future min

Leases - Schedule of Future minimum lease payments under non-cancellable leases (Detail) $ in Millions	Dec. 31, 2019USD ($)
Fiscal 2020 (six months remaining)	$ 119
Fiscal 2021	207
Fiscal 2022	206
Fiscal 2023	193
Fiscal 2024	177
Thereafter	968
Total future minimum lease payments	1,870
Less: interest	344
Present value of minimum payments	$ 1,526

Leases - Additional Information

Leases - Additional Information (Detail) - USD ($) $ in Millions	Jul. 01, 2019	Dec. 31, 2019	Jun. 30, 2019
Operating lease right of use assets		$ 1,299	$ 0
Short term lease term		12 months
Operating lease liabilities non current		$ 1,343	$ 0
Accounting Standards Update 2016-02 [Member]
Operating lease right of use assets	$ 1,400
Operating lease liabilities,current	200
Operating lease liabilities non current	1,400
Adjustment to retained earnings	$ 9

Equity - Summary of Changes in

Equity - Summary of Changes in Equity (Detail) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2019	Dec. 31, 2018
Changes In Equity [Line Items]
Beginning balance	$ 9,829	$ 10,430	$ 10,311	$ 10,477
Cumulative impact from adoption of new standards			9	20
Net (loss) income	103	119	(108)	247
Other comprehensive (loss) income	186	(134)	(2)	(237)
Dividends	0	0	(81)	(82)
Other	9	19	(2)	9
Ending balance	$ 10,127	10,434	$ 10,127	10,434
Class A Common Stock [Member]
Changes In Equity [Line Items]
Beginning balance, shares			385,580,015
Ending balance, shares	388,601,457		388,601,457
Class B Common Stock [Member]
Changes In Equity [Line Items]
Beginning balance, shares			199,630,240
Ending balance, shares	199,630,240		199,630,240
Common Stock [Member] | Class A Common Stock [Member]
Changes In Equity [Line Items]
Beginning balance	$ 4	$ 4	$ 4	$ 4
Beginning balance, shares	388,000,000	385,000,000	386,000,000	383,000,000
Cumulative impact from adoption of new standards			$ 0	$ 0
Net (loss) income	$ 0	$ 0	0	0
Other comprehensive (loss) income	0	0	0	0
Dividends	0	0	0	0
Other	$ 0	$ 0	$ 0	$ 0
Other, Shares	1,000,000	0	3,000,000	2,000,000
Ending balance	$ 4	$ 4	$ 4	$ 4
Ending balance, shares	389,000,000	385,000,000	389,000,000	385,000,000
Common Stock [Member] | Class B Common Stock [Member]
Changes In Equity [Line Items]
Beginning balance	$ 2	$ 2	$ 2	$ 2
Beginning balance, shares	200,000,000	200,000,000	200,000,000	200,000,000
Cumulative impact from adoption of new standards			$ 0	$ 0
Net (loss) income	$ 0	$ 0	0	0
Other comprehensive (loss) income	0	0	0	0
Dividends	0	0	0	0
Other	$ 0	$ 0	$ 0	$ 0
Other, Shares	0	0	0	0
Ending balance	$ 2	$ 2	$ 2	$ 2
Ending balance, shares	200,000,000	200,000,000	200,000,000	200,000,000
Additional Paid-in Capital [Member]
Changes In Equity [Line Items]
Beginning balance	$ 12,174	$ 12,257	$ 12,243	$ 12,322
Cumulative impact from adoption of new standards			0	0
Net (loss) income	0	0	0	0
Other comprehensive (loss) income	0	0	0	0
Dividends	0	0	(59)	(59)
Other	9	14	(1)	8
Ending balance	12,183	12,271	12,183	12,271
Accumulated Deficit [Member]
Changes In Equity [Line Items]
Beginning balance	(2,200)	(2,032)	(1,979)	(2,163)
Cumulative impact from adoption of new standards			6	32
Net (loss) income	85	95	(142)	196
Other comprehensive (loss) income	0	0	0	0
Dividends	0	0	0	0
Other	1	0	1	(2)
Ending balance	(2,114)	(1,937)	(2,114)	(1,937)
Accumulated Other Comprehensive Loss [Member]
Changes In Equity [Line Items]
Beginning balance	(1,266)	(970)	(1,126)	(874)
Cumulative impact from adoption of new standards			3	(22)
Net (loss) income	0	0	0	0
Other comprehensive (loss) income	150	(106)	7	(181)
Dividends	0	0	0	0
Other	(1)	0	(1)	1
Ending balance	(1,117)	(1,076)	(1,117)	(1,076)
Total News Corporation Equity
Changes In Equity [Line Items]
Beginning balance	8,714	9,261	9,144	9,291
Cumulative impact from adoption of new standards			9	10
Net (loss) income	85	95	(142)	196
Other comprehensive (loss) income	150	(106)	7	(181)
Dividends	0	0	(59)	(59)
Other	9	14	(1)	7
Ending balance	8,958	9,264	8,958	9,264
Noncontrolling Interest [Member]
Changes In Equity [Line Items]
Beginning balance	1,115	1,169	1,167	1,186
Cumulative impact from adoption of new standards			0	10
Net (loss) income	18	24	34	51
Other comprehensive (loss) income	36	(28)	(9)	(56)
Dividends	0	0	(22)	(23)
Other	0	5	(1)	2
Ending balance	$ 1,169	$ 1,170	$ 1,169	$ 1,170

Equity - Additional Information

Equity - Additional Information (Detail) - USD ($)	Nov. 01, 2019	Aug. 31, 2019	Aug. 31, 2018	Dec. 31, 2019	Dec. 31, 2018	May 31, 2013
Class of Stock [Line Items]
Cash dividends per common share, date of dividend payable		Oct. 16, 2019	Oct. 17, 2018
Cash dividends per common share, date of record for dividend		Sep. 11, 2019	Sep. 12, 2018
Class A Common Stock [Member]
Class of Stock [Line Items]
Number of shares repurchased	5,200,000
Remaining authorized amount under stock repurchase program	$ 429,000,000
Aggregate amount of shares authorized to be repurchased						$ 500,000,000
Aggregate cost of shares repurchased	$ 71,000,000
Shares Repurchased During period				0	0
Cash dividends declared per share of common stock		$ 0.10	$ 0.10
Class B Common Stock [Member]
Class of Stock [Line Items]
Shares Repurchased During period				0	0
Cash dividends declared per share of common stock		$ 0.10	$ 0.10

Financial Instruments and Fai_3

Financial Instruments and Fair Value Measurements - Summary of Assets and Liabilities Measured At Fair Value on Recurring Basis (Detail) - USD ($) $ in Millions	Dec. 31, 2019	Jun. 30, 2019
Assets:
Equity securities	$ 186	$ 187
Fair Value, Measurements, Recurring [Member]
Assets:
Equity securities	186	187
Total assets	289	345
Liabilities:
Mandatorily redeemable noncontrolling interests	0	11
Total liabilities	35	49
Fair Value, Measurements, Recurring [Member] | Foreign Currency Derivatives [Member] | Cash Flow Hedging [Member]
Assets:
Derivative assets	0	1
Liabilities:
Derivative liabilities	2	0
Fair Value, Measurements, Recurring [Member] | Cross Currency Interest Rate Derivatives [Member] | Fair Value Hedging [Member]
Assets:
Derivative assets	21	29
Fair Value, Measurements, Recurring [Member] | Cross Currency Interest Rate Derivatives [Member] | Not Designated as Hedging Instrument, Economic Hedge [Member]
Assets:
Derivative assets	0	12
Fair Value, Measurements, Recurring [Member] | Cross Currency Interest Rate Derivatives [Member] | Cash Flow Hedging [Member]
Assets:
Derivative assets	82	116
Liabilities:
Derivative liabilities	17	18
Fair Value, Measurements, Recurring [Member] | Interest Rate Contract [Member] | Cash Flow Hedging [Member]
Liabilities:
Derivative liabilities	16	20
Fair Value, Measurements, Recurring [Member] | Level 1 [Member]
Assets:
Equity securities	77	74
Total assets	77	74
Liabilities:
Mandatorily redeemable noncontrolling interests	0	0
Total liabilities	0	0
Fair Value, Measurements, Recurring [Member] | Level 1 [Member] | Foreign Currency Derivatives [Member] | Cash Flow Hedging [Member]
Assets:
Derivative assets	0	0
Liabilities:
Derivative liabilities	0	0
Fair Value, Measurements, Recurring [Member] | Level 1 [Member] | Cross Currency Interest Rate Derivatives [Member] | Fair Value Hedging [Member]
Assets:
Derivative assets	0	0
Fair Value, Measurements, Recurring [Member] | Level 1 [Member] | Cross Currency Interest Rate Derivatives [Member] | Not Designated as Hedging Instrument, Economic Hedge [Member]
Assets:
Derivative assets	0	0
Fair Value, Measurements, Recurring [Member] | Level 1 [Member] | Cross Currency Interest Rate Derivatives [Member] | Cash Flow Hedging [Member]
Assets:
Derivative assets	0	0
Liabilities:
Derivative liabilities	0	0
Fair Value, Measurements, Recurring [Member] | Level 1 [Member] | Interest Rate Contract [Member] | Cash Flow Hedging [Member]
Liabilities:
Derivative liabilities	0	0
Fair Value, Measurements, Recurring [Member] | Level 2 [Member]
Assets:
Equity securities	0	0
Total assets	103	158
Liabilities:
Mandatorily redeemable noncontrolling interests	0	0
Total liabilities	35	38
Fair Value, Measurements, Recurring [Member] | Level 2 [Member] | Foreign Currency Derivatives [Member] | Cash Flow Hedging [Member]
Assets:
Derivative assets	0	1
Liabilities:
Derivative liabilities	2	0
Fair Value, Measurements, Recurring [Member] | Level 2 [Member] | Cross Currency Interest Rate Derivatives [Member] | Fair Value Hedging [Member]
Assets:
Derivative assets	21	29
Fair Value, Measurements, Recurring [Member] | Level 2 [Member] | Cross Currency Interest Rate Derivatives [Member] | Not Designated as Hedging Instrument, Economic Hedge [Member]
Assets:
Derivative assets	0	12
Fair Value, Measurements, Recurring [Member] | Level 2 [Member] | Cross Currency Interest Rate Derivatives [Member] | Cash Flow Hedging [Member]
Assets:
Derivative assets	82	116
Liabilities:
Derivative liabilities	17	18
Fair Value, Measurements, Recurring [Member] | Level 2 [Member] | Interest Rate Contract [Member] | Cash Flow Hedging [Member]
Liabilities:
Derivative liabilities	16	20
Fair Value, Measurements, Recurring [Member] | Level 3 [Member]
Assets:
Equity securities	109	113
Total assets	109	113
Liabilities:
Mandatorily redeemable noncontrolling interests	0	11
Total liabilities	0	11
Fair Value, Measurements, Recurring [Member] | Level 3 [Member] | Foreign Currency Derivatives [Member] | Cash Flow Hedging [Member]
Assets:
Derivative assets	0	0
Liabilities:
Derivative liabilities	0	0
Fair Value, Measurements, Recurring [Member] | Level 3 [Member] | Cross Currency Interest Rate Derivatives [Member] | Fair Value Hedging [Member]
Assets:
Derivative assets	0	0
Fair Value, Measurements, Recurring [Member] | Level 3 [Member] | Cross Currency Interest Rate Derivatives [Member] | Not Designated as Hedging Instrument, Economic Hedge [Member]
Assets:
Derivative assets	0	0
Fair Value, Measurements, Recurring [Member] | Level 3 [Member] | Cross Currency Interest Rate Derivatives [Member] | Cash Flow Hedging [Member]
Assets:
Derivative assets	0	0
Liabilities:
Derivative liabilities	0	0
Fair Value, Measurements, Recurring [Member] | Level 3 [Member] | Interest Rate Contract [Member] | Cash Flow Hedging [Member]
Liabilities:
Derivative liabilities	$ 0	$ 0

Financial Instruments and Fai_4

Financial Instruments and Fair Value Measurements - Summary of Equity Securities Classified as Level 3 (Detail) - Equity Securities [Member] - USD ($) $ in Millions	6 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Fair Value, Instruments Classified in Shareholders' Equity Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Balance - beginning of period	$ 113	$ 127
Purchases	1	6
Sales	0	(10)
Measurement adjustments	(3)	0
Foreign exchange and other	(2)	(8)
Balance - end of period	$ 109	$ 115

Financial Instruments and Fai_5

Financial Instruments and Fair Value Measurements - Summary of Mandatorily Redeemable Noncontrolling Interest Liabilities Classified Level 3 (Detail) - Financial Instruments Subject To Mandatory Redemption Settlement Terms Share Value [Member] - USD ($) $ in Millions	6 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Balance - beginning of period	$ 12	$ 12
Payments	(11)	0
Other	(1)	0
Balance - end of period	$ 0	$ 12

Financial Instruments and Fai_6

Financial Instruments and Fair Value Measurements - Summary of Mandatorily Redeemable Noncontrolling Interest Liabilities Classified Level 3 (Parenthetical) (Detail) - R E A Group Limited [Member] - Smartline Home Loans Pty Limited [Member] $ in Millions	Jul. 01, 2019AUD ($)
Remaining percentage of minority interest	19.70%
Business acquisition, cost of acquired entity, cash paid	$ 11
Ownership percentage	100.00%

Financial Instruments and Fai_7

Financial Instruments and Fair Value Measurements - Summary of Hedges Classified as Current or Non-Current in Balance Sheets Based on Maturity Dates (Detail) - USD ($) $ in Millions	Dec. 31, 2019	Jun. 30, 2019
Foreign Currency Derivatives [Member] | Cash Flow Hedging [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivatives, reported under other current assets	$ 0	$ 1
Derivatives, reported under other current liabilities	(2)	0
Cross Currency Interest Rate Derivatives [Member] | Cash Flow Hedging [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivatives, reported under other current assets	0	33
Derivatives, reported under other non-current assets	82	83
Derivatives, reported under other non-current liabilities	(17)	(18)
Cross Currency Interest Rate Derivatives [Member] | Fair Value Hedging [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivatives, reported under other current assets	0	8
Derivatives, reported under other non-current assets	21	21
Cross Currency Interest Rate Derivatives [Member] | Not Designated as Hedging Instrument, Economic Hedge [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivatives, reported under other current assets	0	12
Interest Rate Contract [Member] | Cash Flow Hedging [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivatives, reported under other current liabilities	0	(2)
Derivatives, reported under other non-current liabilities	$ (16)	$ (18)

Financial Instruments and Fai_8

Financial Instruments and Fair Value Measurements - Additional Information (Detail) $ in Millions, $ in Millions	3 Months Ended			6 Months Ended
	Dec. 31, 2019USD ($)	Sep. 30, 2019USD ($)	Dec. 31, 2018USD ($)	Dec. 31, 2019USD ($)	Dec. 31, 2018USD ($)	Dec. 31, 2019AUD ($)	Jun. 30, 2019USD ($)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Goodwill carrying value	$ 4,976			$ 4,976			$ 5,147
News America Marketing [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Non-cash impairment charge of goodwill		$ 122
Non-cash impairment charge for indefinite-lived intangible assets		$ 113
Goodwill carrying value	0			0			122
Indefinite-lived intangible assets carrying value	195			195			$ 308
Foreign Exchange Contract [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Estimates of net derivative gains related to cash flow hedges included in Accumulated other comprehensive gain (loss)	(2)			(2)
Cross Currency Interest Rate Contract [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Estimates of net derivative gains related to cash flow hedges included in Accumulated other comprehensive gain (loss)	2			2
Interest Rate Swap [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Estimates of net derivative gains related to cash flow hedges included in Accumulated other comprehensive gain (loss)	3			3
Cash Flow Hedging [Member] | Accounting Standards Update 2017-12 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Reclassification of gain from AOCI				5
Cash Flow Hedging [Member] | Foreign Exchange Contract [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Notional value of derivative	58			58
Cash Flow Hedging [Member] | Cross Currency Interest Rate Contract [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Notional value of derivative	280			280
Cash Flow Hedging [Member] | Interest Rate Contract [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Notional value of derivative						$ 300
Fair Value Hedging [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Notional value of derivative	70			70
Fair Value Hedging [Member] | Accounting Standards Update 2017-12 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Amount recognized in earnings for ineffective portion of derivative instruments designated as cash flow hedges	0		$ 0	0	$ 0
Adjustments increased the carrying value of long-term debt	$ 0			$ 0

Financial Instruments and Fai_9

Financial Instruments and Fair Value Measurements - Summary of Derivative Instruments Designated as Cash Flow Hedges (Detail) - Cash Flow Hedging [Member] - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2019	Dec. 31, 2018
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Gain (loss) recognized in Accumulated Other Comprehensive Loss	$ (13)	$ 31	$ (13)	$ 18
(Gain) loss reclassified from Accumulated Other Comprehensive Loss	13	(25)	(4)	(10)
Foreign Currency Derivatives [Member] | Operating Expense [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Gain (loss) recognized in Accumulated Other Comprehensive Loss	(1)	2	(2)	4
(Gain) loss reclassified from Accumulated Other Comprehensive Loss	0	(1)	(2)	(2)
Cross Currency Interest Rate Derivatives [Member] | Interest (Expense) Income, Net [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Gain (loss) recognized in Accumulated Other Comprehensive Loss	(13)	30	(8)	16
(Gain) loss reclassified from Accumulated Other Comprehensive Loss	12	(26)	3	(12)
Interest rate derivatives [Member] | Interest (Expense) Income, Net [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Gain (loss) recognized in Accumulated Other Comprehensive Loss	1	(1)	(3)	(2)
(Gain) loss reclassified from Accumulated Other Comprehensive Loss	$ 1	$ 2	$ (5)	$ 4

Financial Instruments and Fa_10

Financial Instruments and Fair Value Measurements - Schedule of Fair Value Hedging Relationship By Balance Sheet (Detail) - Borrowings [Member] $ in Millions	Dec. 31, 2019USD ($)
Carrying amount of hedged item	$ 68
Cumulative hedging adjustments included in the carrying amount	$ (3)

Earnings (Loss) Per Share - Com

Earnings (Loss) Per Share - Computation of Basic And Diluted Earnings (Loss) Per Share (Detail) - USD ($) $ / shares in Units, shares in Millions, $ in Millions		3 Months Ended		6 Months Ended
		Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2019	Dec. 31, 2018
Earnings Per Share [Abstract]
Net income (loss)		$ 103	$ 119	$ (108)	$ 247
Less: Net income attributable to noncontrolling interests		(18)	(24)	(34)	(51)
Net income (loss) attributable to News Corporation stockholders		$ 85	$ 95	$ (142)	$ 196
Weighted-average number of shares of common stock outstanding - basic		588.2	584.9	587.4	584.4
Dilutive effect of equity awards	[1]	2.1	2.2	0	1.9
Weighted-average number of shares of common stock outstanding - diluted		590.3	587.1	587.4	586.3
Net income (loss) attributable to News Corporation stockholders per share - basic		$ 0.15	$ 0.16	$ (0.24)	$ 0.34
Net income (loss) attributable to News Corporation stockholders per share - diluted		$ 0.14	$ 0.16	$ (0.24)	$ 0.33
[1]	The dilutive impact of the Company’s performance stock units, restricted stock units and stock options has been excluded from the calculation of diluted loss per share for the six months ended December 31, 2019 because their inclusion would have an antidilutive effect on the net loss per share.

Commitments and Contingencies -

Commitments and Contingencies - Schedule of Commitments by Fiscal Year Maturity (Detail) - USD ($) $ in Millions		Dec. 31, 2019	Jun. 30, 2019
Commitments and Contingencies [Line Items]
Total borrowings		$ 1,201	$ 1,453
Borrowings [Member]
Commitments and Contingencies [Line Items]
Total borrowings		1,199
Borrowings, Payments due Less than 1 year		0
Borrowings, Payments due 1-3 years		875
Borrowings, Payments due 3-5 years		324
Borrowings, Payments due More than 5 years		0
Interest Payments on Borrowings [Member]
Commitments and Contingencies [Line Items]
Interest payments on borrowings, Total	[1]	170
Interest payments on borrowings, Payments due Less than 1 year	[1]	50
Interest payments on borrowings, Payments due 1-3 years	[1]	89
Interest payments on borrowings, Payments due 3-5 years	[1]	31
Interest payments on borrowings, Payments due More than 5 years	[1]	$ 0
[1]	Reflects the Company’s expected future interest payments on borrowings outstanding and interest rates applicable at December 31, 2019. Such rates are subject to change in future periods. See Note 5 —Borrowings.

Commitments and Contingencies_2

Commitments and Contingencies - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2019	Dec. 31, 2018	Jun. 30, 2019
Loss Contingencies [Line Items]
Other current assets	$ 518		$ 518		$ 515
U.K. Newspaper Matters [Member]
Loss Contingencies [Line Items]
Selling, general and administrative (benefit) expenses, net	(1)	$ 4	1	$ 6
Litigation liability accrued	58		58
Impact due to reversal of previous accrued liability due to settlement with tax authority	5		5
U.K. Newspaper Matters Indemnification [Member] | 21st Century Fox [Member]
Loss Contingencies [Line Items]
Other current assets	$ 60		$ 60

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2019	Dec. 31, 2018
Income Tax Contingency [Line Items]
Income tax expense, net	$ 52	$ 55	$ 31	$ 105
Income before income tax benefit (loss)	$ 155	$ 174	(77)	352
Gross income tax paid			69	75
Income tax refunds			$ 3	$ 10

Segment Information - Additiona

Segment Information - Additional Information (Detail)	6 Months Ended
	Dec. 31, 2019SegmentBrandCountryItem
Segment Reporting Information [Line Items]
Number of reportable segments | Segment	5
Foxtel [Member]
Segment Reporting Information [Line Items]
Company ownership percentage	65.00%
Foxtel [Member] | Telstra [Member]
Segment Reporting Information [Line Items]
Ownership interest held by minority interest	35.00%
Digital Real Estate Services [Member] | Move Inc [Member]
Segment Reporting Information [Line Items]
Company ownership percentage	80.00%
Digital Real Estate Services [Member] | Move Inc [Member] | REA Group Inc [Member]
Segment Reporting Information [Line Items]
Ownership interest held by minority interest	20.00%
Digital Real Estate Services [Member] | REA Group Inc [Member]
Segment Reporting Information [Line Items]
Company ownership percentage	61.60%
Book Publishing [Member] | Minimum [Member]
Segment Reporting Information [Line Items]
Number of branded publishing imprints | Brand	120
Number of countries | Country	17
Subscription Video Services [Member] | Foxtel [Member]
Segment Reporting Information [Line Items]
Company ownership percentage	65.00%
Subscription Video Services [Member] | Foxtel [Member] | Telstra [Member]
Segment Reporting Information [Line Items]
Ownership interest held by minority interest	35.00%
Subscription Video Services [Member] | Minimum [Member] | Foxtel [Member]
Segment Reporting Information [Line Items]
Number of channels | Item	200

Segment Information - Reconcili

Segment Information - Reconciliation of Revenue and Segment EBITDA from Segments to Consolidated (Detail) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2019	Dec. 31, 2018
Segment Reporting Information [Line Items]
Revenues	$ 2,479	$ 2,627	$ 4,819	$ 5,151
Depreciation and amortization	(162)	(163)	(324)	(326)
Impairment and restructuring charges	(29)	(19)	(326)	(37)
Equity losses of affiliates	(3)	(6)	(5)	(9)
Interest expense, net	(8)	(15)	(4)	(31)
Other, net	2	7	6	27
Income (loss) before income tax expense	155	174	(77)	352
Income tax expense	(52)	(55)	(31)	(105)
Net income (loss)	103	119	(108)	247
News and Information Services [Member]
Segment Reporting Information [Line Items]
Revenues	1,241	1,257	2,390	2,505
Total Segment EBITDA	142	112	198	221
Subscription Video Services [Member]
Segment Reporting Information [Line Items]
Revenues	501	562	1,015	1,127
Total Segment EBITDA	70	84	151	197
Book Publishing [Member]
Segment Reporting Information [Line Items]
Revenues	442	496	847	914
Total Segment EBITDA	63	88	112	156
Digital Real Estate Services [Member]
Segment Reporting Information [Line Items]
Revenues	294	311	566	604
Total Segment EBITDA	118	121	200	226
Other [Member]
Segment Reporting Information [Line Items]
Revenues	1	1	1	1
Total Segment EBITDA	$ (38)	$ (35)	$ (85)	$ (72)

Segment Information - Reconci_2

Segment Information - Reconciliation of Assets from Segments to Consolidated (Detail) - USD ($) $ in Millions		Dec. 31, 2019	Jun. 30, 2019
Segment Reporting, Asset Reconciling Item [Line Items]
Investments		$ 325	$ 335
Total assets		16,282	15,711
News and Information Services [Member]
Segment Reporting, Asset Reconciling Item [Line Items]
Total assets		5,638	5,482
Subscription Video Services [Member]
Segment Reporting, Asset Reconciling Item [Line Items]
Total assets		4,683	4,406
Book Publishing [Member]
Segment Reporting, Asset Reconciling Item [Line Items]
Total assets		2,214	2,074
Digital Real Estate Services [Member]
Segment Reporting, Asset Reconciling Item [Line Items]
Total assets		2,257	2,229
Other [Member]
Segment Reporting, Asset Reconciling Item [Line Items]
Total assets	[1]	$ 1,165	$ 1,185
[1]	The Other segment primarily includes Cash and cash equivalents.

Segment Information - Reconci_3

Segment Information - Reconciliation of Goodwill and Intangible Assets from Segments to Consolidated (Detail) - USD ($) $ in Millions	Dec. 31, 2019	Jun. 30, 2019
Segment Reporting Information [Line Items]
Total Goodwill and intangible assets, net	$ 7,233	$ 7,573
News and Information Services [Member]
Segment Reporting Information [Line Items]
Total Goodwill and intangible assets, net	2,338	2,617
Subscription Video Services [Member]
Segment Reporting Information [Line Items]
Total Goodwill and intangible assets, net	2,552	2,595
Book Publishing [Member]
Segment Reporting Information [Line Items]
Total Goodwill and intangible assets, net	767	772
Digital Real Estate Services [Member]
Segment Reporting Information [Line Items]
Total Goodwill and intangible assets, net	$ 1,576	$ 1,589

Additional Financial Informat_3

Additional Financial Information - Components of Receivables, Net (Detail) - USD ($) $ in Millions	Dec. 31, 2019	Jun. 30, 2019
Receivables [Abstract]
Receivables	$ 1,624	$ 1,590
Allowance for doubtful accounts	(54)	(46)
Receivables, net	$ 1,570	$ 1,544

Additional Financial Informat_4

Additional Financial Information - Components of Other Non-Current Assets (Detail) - USD ($) $ in Millions		Dec. 31, 2019	Jun. 30, 2019
Assets, Noncurrent [Abstract]
Royalty advances to authors		$ 338	$ 343
Retirement benefit assets		137	117
Inventory	[1]	143	155
Other		330	315
Total Other non-current assets		$ 948	$ 930
[1]	Primarily consists of the non-current portion of programming rights.

Additional Financial Informat_5

Additional Financial Information - Components of Other Current Liabilities (Detail) - USD ($) $ in Millions	Dec. 31, 2019	Jun. 30, 2019
Other Current Liabilities [Line Items]
Total Other current liabilities	$ 869	$ 724
Other Current Liabilities [Member]
Other Current Liabilities [Line Items]
Royalties and commissions payable	218	211
Current operating lease liabilities	183	0
Allowance for sales returns	180	192
Current tax payable	19	22
Other	269	299
Total Other current liabilities	$ 869	$ 724

Additional Financial Informat_6

Additional Financial Information - Components of Other, Net Included in Statement of Operations (Detail) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2019	Dec. 31, 2018
Other Income and Expenses [Line Items]
Remeasurement of equity securities	$ (6)	$ (44)	$ (5)	$ (29)
Total Other, net	2	7	6	27
Nonoperating Income (Expense) [Member]
Other Income and Expenses [Line Items]
Dividends received from equity security investments	0	22	1	23
Remeasurement of equity securities	(6)	(44)	(5)	(29)
Gain on sale of Australian property	0	12	0	12
Other, net	8	17	10	21
Total Other, net	$ 2	$ 7	$ 6	$ 27

Additional Financial Informat_7

Additional Financial Information - Summary of Supplemental Cash Flow Information (Detail) - USD ($) $ in Millions	6 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Supplemental Cash Flow Information [Abstract]
Cash paid for interest	$ 33	$ 45
Cash paid for taxes	$ 69	$ 75

Subsequent Events- Additional I

Subsequent Events- Additional Information (Detail) $ / shares in Units, £ in Millions, $ in Millions, $ in Millions	Jan. 01, 2020GBP (£)	Feb. 29, 2020AUD ($)$ / shares	Aug. 31, 2019$ / shares	Aug. 31, 2018$ / shares	Dec. 31, 2019USD ($)	Dec. 31, 2018USD ($)	Dec. 31, 2019USD ($)	Dec. 31, 2018USD ($)
Subsequent Event [Line Items]
Cash dividends per common share, date of dividend payable			Oct. 16, 2019	Oct. 17, 2018
Cash dividends per common share, date of record for dividend			Sep. 11, 2019	Sep. 12, 2018
Revenue amount guaranteed | $					$ 2,479	$ 2,627	$ 4,819	$ 5,151
Common Class A [Member]
Subsequent Event [Line Items]
Cash dividends declared per share of common stock			$ 0.10	$ 0.10
Common Class B [Member]
Subsequent Event [Line Items]
Cash dividends declared per share of common stock			$ 0.10	$ 0.10
Subsequent Event [Member]
Subsequent Event [Line Items]
Cash dividends per common share, date of dividend payable		Apr. 15, 2020
Cash dividends per common share, date of record for dividend		Mar. 11, 2020
Subsequent Event [Member] | Tremor International [Member] | Unruly Reporting [Member]
Subsequent Event [Line Items]
Percentage of equity owned in the company	7.00%
Period of lock in of equity shares	18 months
Period of commercial agreement	3 years
Revenue amount guaranteed | £	£ 30
Subsequent Event [Member] | Telstra Subordinated Loan Facility Two Thousand And Twenty [Member] | New Foxtel [Member]
Subsequent Event [Line Items]
Percentage of shareholding		35.00%
Maximum amount of credit facility | $		$ 170
Interest rate margin		7.75%
Share holder's loan maturity		Dec. 31, 2027
Subsequent Event [Member] | Common Class A [Member]
Subsequent Event [Line Items]
Cash dividends declared per share of common stock		$ 0.10
Subsequent Event [Member] | Common Class B [Member]
Subsequent Event [Line Items]
Cash dividends declared per share of common stock		$ 0.10