News (NWS) 10-K 15 Aug 23 2023 FY Annual report Financial data

Cover Page

Cover Page - USD ($)	12 Months Ended
	Jun. 30, 2023	Aug. 04, 2023	Dec. 30, 2022
Document Information [Line Items]
Document Type	10-K
Document Annual Report	true
Document Period End Date	Jun. 30, 2023
Document Transition Report	false
Entity File Number	001-35769
Entity Registrant Name	NEWS CORPORATION
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	46-2950970
Entity Address, Address Line One	1211 Avenue of the Americas
Entity Address, City or Town	New York
Entity Address, State or Province	NY
Entity Address, Postal Zip Code	10036
City Area Code	212
Local Phone Number	416-3400
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Auditor Attestation Flag	true
Entity Shell Company	false
Documents Incorporated by Reference	DOCUMENTS INCORPORATED BY REFERENCE Certain information required for Part III of this Annual Report on Form 10-K is incorporated by reference to the News Corporation definitive Proxy Statement for its 2023 Annual Meeting of Stockholders, which shall be filed with the Securities and Exchange Commission pursuant to Regulation 14A of the Securities Exchange Act of 1934, as amended, within 120 days of News Corporation’s fiscal year end.
Amendment Flag	false
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	FY
Entity Central Index Key	0001564708
Current Fiscal Year End Date	--06-30
Document Financial Statement Error Correction [Flag]	false
Class A Common Stock
Document Information [Line Items]
Title of 12(b) Security	Class A Common Stock, par value $0.01 per share
Trading Symbol	NWSA
Security Exchange Name	NASDAQ
Entity Public Float			$ 6,958,469,136
Entity Common Stock, Shares Outstanding		379,585,237
Class B Common Stock
Document Information [Line Items]
Title of 12(b) Security	Class B Common Stock, par value $0.01 per share
Trading Symbol	NWS
Security Exchange Name	NASDAQ
Entity Public Float			$ 2,131,140,322
Entity Common Stock, Shares Outstanding		191,836,973

Audit Information

Audit Information	12 Months Ended
	Jun. 30, 2023
Auditor [Abstract]
Auditor Firm ID	42
Auditor Name	Ernst & Young LLP
Auditor Location	New York, New York

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($) $ in Millions	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
Revenues:
Revenues	$ 9,879	$ 10,385	$ 9,358
Total Revenues	9,879	10,385	9,358
Operating expenses	(5,124)	(5,124)	(4,831)
Selling, general and administrative	(3,335)	(3,592)	(3,254)
Depreciation and amortization	(714)	(688)	(680)
Impairment and restructuring charges	(150)	(109)	(168)
Equity losses of affiliates	(127)	(13)	(65)
Interest expense, net	(100)	(99)	(53)
Other, net	1	52	143
Income before income tax expense	330	812	450
Income tax expense	(143)	(52)	(61)
Net income	187	760	389
Less: Net income attributable to noncontrolling interests	(38)	(137)	(59)
Net income attributable to News Corporation stockholders	$ 149	$ 623	$ 330
Net income attributable to News Corporation stockholders per share:
Basic (in dollars per share)	$ 0.26	$ 1.06	$ 0.56
Diluted (in dollars per share)	$ 0.26	$ 1.05	$ 0.56
Circulation and subscription
Revenues:
Revenues	$ 4,447	$ 4,425	$ 4,206
Advertising
Revenues:
Revenues	1,687	1,821	1,594
Consumer
Revenues:
Revenues	1,899	2,106	1,908
Real estate
Revenues:
Revenues	1,189	1,347	1,153
Other
Revenues:
Revenues	$ 657	$ 686	$ 497

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Loss) - USD ($) $ in Millions		12 Months Ended
		Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
Statement of Comprehensive Income [Abstract]
Net income		$ 187	$ 760	$ 389
Other comprehensive income (loss):
Foreign currency translation adjustments		0	(518)	468
Net change in the fair value of cash flow hedges	[1]	12	21	(2)
Benefit plan adjustments, net	[2]	(7)	71	2
Other comprehensive income (loss)		5	(426)	468
Comprehensive income		192	334	857
Less: Net income attributable to noncontrolling interests		(38)	(137)	(59)
Less: Other comprehensive loss (income) attributable to noncontrolling interests	[3]	18	97	(78)
Comprehensive income attributable to News Corporation stockholders		$ 172	$ 294	$ 720
[1]Net of income tax expense of $4 million, $7 million and nil for the fiscal years ended June 30, 2023, 2022 and 2021, respectively.[2]Net of income tax (benefit) expense of $(2) million, $19 million and $(1) million for the fiscal years ended June 30, 2023, 2022 and 2021, respectively.[3]Primarily consists of foreign currency translation adjustments.

Consolidated Statements of Co_2

Consolidated Statements of Comprehensive Loss (Parenthetical) - USD ($) $ in Millions	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
Statement of Comprehensive Income [Abstract]
Net change in the fair value of cash flow hedges, income tax expense (benefit)	$ 4	$ 7	$ 0
Pensions plans, income tax (expense) benefit	$ 2	$ (19)	$ 1

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Millions	Jun. 30, 2023	Jun. 30, 2022
Current assets:
Cash and cash equivalents	$ 1,833	$ 1,822
Receivables, net	1,425	1,502
Inventory, net	311	311
Other current assets	484	458
Total current assets	4,053	4,093
Non-current assets:
Investments	427	488
Property, plant and equipment, net	2,042	2,103
Operating lease right-of-use assets	1,036	891
Intangible assets, net	2,489	2,671
Goodwill	5,140	5,169
Deferred income tax assets	393	422
Other non-current assets	1,341	1,384
Total assets	16,921	17,221
Current liabilities:
Accounts payable	440	411
Accrued expenses	1,123	1,236
Deferred revenue	622	604
Current borrowings	27	293
Other current liabilities	953	975
Total current liabilities	3,165	3,519
Non-current liabilities:
Borrowings	2,940	2,776
Retirement benefit obligations	134	155
Deferred income tax liabilities	163	198
Operating lease liabilities	1,128	947
Other non-current liabilities	446	483
Commitments and contingencies
Additional paid-in capital	11,449	11,779
Accumulated deficit	(2,144)	(2,293)
Accumulated other comprehensive loss	(1,247)	(1,270)
Total News Corporation stockholders’ equity	8,064	8,222
Noncontrolling interests	881	921
Total equity	8,945	9,143
Total liabilities and equity	16,921	17,221
Class A Common Stock
Non-current liabilities:
Common stock	4	4
Class B Common Stock
Non-current liabilities:
Common stock	$ 2	$ 2

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - $ / shares	Jun. 30, 2023	Jun. 30, 2022
Class A Common Stock
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	1,500,000,000	1,500,000,000
Common stock, shares issued, net of treasury stock (in shares)	379,945,907	387,561,850
Common stock outstanding, net of treasury stock (in shares)	379,945,907	387,561,850
Treasury stock, shares (in shares)	27,368,413	27,368,413
Class B Common Stock
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	750,000,000	750,000,000
Common stock, shares issued, net of treasury stock (in shares)	192,013,909	196,808,833
Common stock outstanding, net of treasury stock (in shares)	192,013,909	196,808,833
Treasury stock, shares (in shares)	78,430,424	78,430,424

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Millions	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
Operating activities:
Net income	$ 187	$ 760	$ 389
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	714	688	680
Operating lease expense	109	125	128
Equity losses of affiliates	127	13	65
Cash distributions received from affiliates	7	23	15
Impairment charges	25	15	0
Other, net	(1)	(52)	(143)
Deferred income taxes and taxes payable	6	(125)	(100)
Change in operating assets and liabilities, net of acquisitions:
Receivables and other assets	(146)	(51)	(166)
Inventories, net	(2)	(87)	6
Accounts payable and other liabilities	66	45	363
Net cash provided by operating activities	1,092	1,354	1,237
Investing activities:
Capital expenditures	(499)	(499)	(390)
Acquisitions, net of cash acquired	(17)	(1,501)	(886)
Investments in equity affiliates	(43)	(71)	(26)
Other investments	(60)	(41)	(13)
Proceeds from property, plant and equipment and other asset dispositions	66	3	24
Other, net	(21)	33	(1)
Net cash used in investing activities	(574)	(2,076)	(1,292)
Financing activities:
Borrowings	514	1,690	1,515
Repayment of borrowings	(589)	(838)	(557)
Repurchase of shares	(243)	(179)	0
Dividends paid	(174)	(175)	(163)
Other, net	(9)	(94)	(96)
Net cash (used in) provided by financing activities	(501)	404	699
Net change in cash and cash equivalents	17	(318)	644
Cash and cash equivalents, beginning of year	1,822	2,236	1,517
Exchange movement on opening cash balance	(6)	(96)	75
Cash and cash equivalents, end of year	$ 1,833	$ 1,822	$ 2,236

Consolidated Statements of Equi

Consolidated Statements of Equity - USD ($) $ in Millions	Total	Additional Paid-in Capital	Accumulated Deficit	Accumulated Other Comprehensive Loss	Total News Corporation Equity	Noncontrolling Interests	Class A Common Stock	Class A Common Stock Common Stock	Class B Common Stock	Class B Common Stock Common Stock
Beginning balance (in shares) at Jun. 30, 2020								389,000,000		200,000,000
Beginning balance at Jun. 30, 2020	$ 8,389	$ 12,148	$ (3,241)	$ (1,331)	$ 7,582	$ 807		$ 4		$ 2
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	389		330		330	59
Other comprehensive income (loss)	468			390	390	78
Dividends	(163)	(118)			(118)	(45)
Share repurchases (in shares)							0		0
Other (in shares)								2,000,000
Other	63	27	0		27	36
Ending balance (in shares) at Jun. 30, 2021								391,000,000		200,000,000
Ending balance at Jun. 30, 2021	9,146	12,057	(2,911)	(941)	8,211	935		$ 4		$ 2
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	760		623		623	137
Other comprehensive income (loss)	(426)			(329)	(329)	(97)
Dividends	(175)	(118)			(118)	(57)
Share repurchases (in shares)							(5,800,000)	(6,000,000)	(2,900,000)	(3,000,000)
Share repurchases	(183)	(178)	(5)		(183)		$ (122)		$ (61)
Other (in shares)								3,000,000
Other	21	18	0		18	3
Ending balance (in shares) at Jun. 30, 2022							387,561,850	388,000,000	196,808,833	197,000,000
Ending balance at Jun. 30, 2022	9,143	11,779	(2,293)	(1,270)	8,222	921		$ 4		$ 2
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	187		149		149	38
Other comprehensive income (loss)	5			23	23	(18)
Dividends	(174)	(116)			(116)	(58)
Share repurchases (in shares)							(9,500,000)	(10,000,000)	(4,700,000)	(5,000,000)
Share repurchases	(240)	(240)	0		(240)		$ (159)		$ (81)
Other (in shares)								2,000,000
Other	24	26	0		26	(2)
Ending balance (in shares) at Jun. 30, 2023							379,945,907	380,000,000	192,013,909	192,000,000
Ending balance at Jun. 30, 2023	$ 8,945	$ 11,449	$ (2,144)	$ (1,247)	$ 8,064	$ 881		$ 4		$ 2

Description of Business and Bas

Description of Business and Basis of Presentation	12 Months Ended
	Jun. 30, 2023
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: digital real estate services, subscription video services in Australia, news and information services and book publishing. Basis of presentation The accompanying 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”). The Company’s financial statements as of June 30, 2023 and 2022 and for the three fiscal years ended June 30, 2023 are presented on a consolidated basis. 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 Company maintains a 52-53 week fiscal year ending on the Sunday closest to June 30 in each year. Fiscal 2023, fiscal 2022 and fiscal 2021 included 52, 53 and 52 weeks, respectively. All references to the fiscal years ended June 30, 2023, 2022 and 2021 relate to the fiscal years ended July 2, 2023, July 3, 2022 and June 27, 2021, respectively. For convenience purposes, the Company continues to date its consolidated financial statements as of June 30.

Summary of Significant Accounti

Summary of Significant Accounting Policies	12 Months Ended
	Jun. 30, 2023
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	NOTE 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Principles of consolidation The Consolidated Financial Statements include the accounts of all majority-owned and controlled subsidiaries. In addition, the Company evaluates its relationships with other entities to identify whether they are variable interest entities (“VIEs”) as defined by Financial Accounting Standards Board (“FASB”) ASC 810-10, “Consolidation” (“ASC 810-10”) and whether the Company is the primary beneficiary. Consolidation is required if both of these criteria are met. All significant intercompany accounts and transactions have been eliminated in consolidation, including the intercompany portion of transactions with equity method investees. Changes in the Company’s ownership interest in a consolidated subsidiary where a controlling financial interest is retained are accounted for as capital transactions. When the Company ceases to have a controlling interest in a consolidated subsidiary the Company will recognize a gain or loss in the Statements of Operations upon deconsolidation. Use of estimates The preparation of the Company’s Consolidated Financial Statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts that are reported in the Consolidated Financial Statements and accompanying disclosures. Actual results could differ from those estimates. Cash and cash equivalents Cash and cash equivalents consist of cash on hand and other investments that are readily convertible into cash with original maturities of three months or less. The Company’s cash and cash equivalents balance as of June 30, 2023 and 2022 also includes $173 million and $169 million, respectively, which is not readily accessible by the Company as it is held by REA Group Limited (“REA Group”), a majority owned but separately listed public company. REA Group must declare a dividend in order for the Company to have access to its share of REA Group’s cash balance. The Company classifies cash as restricted when the cash is unavailable for use in its general operations. The Company had no restricted cash as of June 30, 2023 and 2022. Concentration of credit risk Cash and cash equivalents are maintained with multiple financial institutions. The Company has deposits held with banks that exceed the amount of insurance provided on such deposits. Generally, these deposits may be redeemed upon demand and are maintained with financial institutions of reputable credit and, therefore, bear minimal credit risk. Receivables, net Receivables are presented net of allowances. Allowance for doubtful accounts is calculated by pooling receivables with similar credit risks such as the level of delinquency, types of products or services and geographical locations and reflects the Company’s expected credit losses based on historical experience as well as current and expected economic conditions. Receivables, net consist of: As of June 30, 2023 2022 (in millions) Receivables $ 1,482 $ 1,569 Less: allowances (57) (67) Receivables, net $ 1,425 $ 1,502 The Company’s receivables did not represent significant concentrations of credit risk as of June 30, 2023 or June 30, 2022 due to the wide variety of customers, markets and geographic areas to which the Company’s products and services are sold. Inventory, net Inventory primarily consists of programming rights, books and newsprint. In accordance with ASC 920, “Entertainment—Broadcasters,” programming rights and the related liabilities are recorded at the gross amount of the liabilities when the license period has begun, the cost of the program is determinable and the program is accepted and available for airing. Programming costs are amortized based on the expected pattern of consumption over the license period or expected useful life of each program. The pattern of consumption is based primarily on consumer viewership information as well as other factors. The Company regularly reviews its programming assets to ensure they continue to reflect fair value. Changes in circumstances may result in a write-down of the asset to fair value. The Company’s programming rights are substantially all monetized as a film group. The amortization expense of programming costs, which is reflected within Operating expenses in the Statements of Operations, was $284 million for the fiscal year ended June 30, 2023. Approximately $149 million, $51 million and $20 million of the unamortized programming costs as of June 30, 2023 are expected to be amortized in each of the fiscal years ending June 30, 2024, 2025 and 2026, respectively. Inventory for books and newsprint are valued at the lower of cost or net realizable value. Cost for non-programming inventory is determined by the weighted average cost method. The Company records a reserve for excess and obsolete inventory based upon a calculation using the historical usage rates, sales patterns of its products and specifically identified obsolete inventory. Investments The Company makes investments in various businesses in the normal course of business. The Company evaluates its relationships with other entities to identify whether they are VIEs in accordance with ASC 810-10 and whether the Company is the primary beneficiary. In determining whether the Company is the primary beneficiary of a VIE, it assesses whether it has the power to direct matters that most significantly impact the activities of the VIE and has the obligation to absorb losses or the right to receive benefits from the VIE that could potentially be significant to the VIE. The Company would consolidate any investments in which it was determined to be the primary beneficiary of a VIE. Investments in and advances to equity investments or joint ventures in which the Company has significant influence, but is not the primary beneficiary, and has less than a controlling voting interest, are accounted for using the equity method. Significant influence is generally presumed to exist when the Company owns an interest between 20% and 50% or when the Company has the ability to exercise significant influence. Under the equity method of accounting, the Company includes its investments and amounts due to and from such investments in its Balance Sheets. The Company’s Statements of Operations include the Company’s share of the investees’ earnings (losses) and the Company’s Statements of Cash Flows include all cash received from or paid to the investee. The difference between the Company’s investment and its share of the fair value of the underlying net tangible assets of the investee upon acquisition is first allocated to either finite-lived intangibles, indefinite-lived intangibles or other assets and liabilities and the balance is attributed to goodwill. The Company follows ASC 350, “Intangibles—Goodwill and Other” (“ASC 350”), which requires that equity method finite-lived intangibles be amortized over their estimated useful life. Such amortization is reflected in Equity (losses) earnings of affiliates in the Statements of Operations. Indefinite-lived intangibles and goodwill are not amortized. Investments in which the Company is presumed not to have significant influence (generally less than a 20% ownership interest) or does not have the ability to exercise significant influence are accounted for in accordance with ASC 825-10, “Recognition and Measurement of Financial Assets and Financial Liabilities” (“ASC 825-10”). Gains and losses on equity securities with readily determinable fair market values are recorded in Other, net in the Statement of Operations based on the closing price at the end of each reporting period. 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. See Note 6—Investments. Financial instruments and derivatives The carrying value of the Company’s financial instruments, including cash and cash equivalents, approximate fair value. The fair value of financial instruments is generally determined by reference to market values resulting from trading on a national securities exchange, trading in an over-the-counter market which are considered to be Level 2 measurements or unobservable inputs that require the Company to use its own best estimates about market participant assumptions which are considered to be Level 3 measurements. See Note 11—Financial Instruments and Fair Value Measurements. ASC 815, “Derivatives and Hedging” (“ASC 815”) requires derivative instruments to be recorded on the balance sheet at fair value as either an asset or a liability. ASC 815 also requires that changes in the fair value of recorded derivatives be recognized currently in the Statements of Operations unless specific hedge accounting criteria are met. For derivatives that will be accounted for as hedging instruments, the Company formally designates and documents, at inception, the financial instrument as a hedge of a specific underlying exposure, the risk management objective and the strategy for undertaking the hedge transaction. On an ongoing basis, the Company assesses whether the financial instruments used in hedging transactions continue to be highly effective. The Company determines the fair values of its derivatives using standard valuation models. The notional amounts of the derivative financial instruments do not necessarily represent amounts exchanged by the parties and, therefore, are not a direct measure of the Company’s exposure to the financial risks. The amounts exchanged are calculated by reference to the notional amounts and by other terms of the derivatives, such as interest rates and foreign currency exchange rates. The Company does not view the fair values of its derivatives in isolation, but rather in relation to the fair values or cash flows of the underlying hedged transactions or other exposures. All of the Company’s derivatives are over-the-counter instruments with liquid markets. The carrying values of the derivatives reflect the impact of master netting agreements which allow the Company to net settle positive and negative positions with the same counterparty. As the Company does not intend to settle any derivatives at their net positions, derivative instruments are presented gross in the Balance Sheets. See Note 11—Financial Instruments and Fair Value Measurements. The Company monitors its positions with, and the credit quality of, the financial institutions which are counterparties to its financial instruments. The Company is exposed to credit loss in the event of nonperformance by the counterparties to the agreements. As of June 30, 2023, the Company did not anticipate nonperformance by any of the counterparties. Cash flow hedges Cash flow hedges are used to mitigate the Company’s exposure to variability in cash flows that is attributable to particular risk associated with a highly probable forecasted transaction or a recognized asset or liability which could affect income or expenses. The gain or loss on the hedging instrument is recognized directly in Accumulated other comprehensive loss. Amounts recorded in Accumulated other comprehensive loss are recognized in the Statements of Operations when the hedged forecasted transaction impacts income or if the forecasted transaction is no longer expected to occur. Fair value hedges Fair value hedges are used to mitigate the Company’s exposure to changes in the fair value of a recognized asset or liability, or an identified portion thereof, that is attributable to a particular risk and could affect income or expenses. The hedged item is adjusted for gains and losses attributable to the risk being hedged and the derivative is remeasured to fair value. The Company records the changes in the fair value of these items in the Statements of Operations. Economic hedges Derivatives not designated as accounting hedge relationships or for which hedge accounting has been discontinued are referred to as economic hedges. Economic hedges are those derivatives which the Company uses to mitigate its exposure to variability in the cash flows of a forecasted transaction or the fair value of a recognized asset or liability, but which do not qualify or were not designated for hedge accounting in accordance with ASC 815. When a derivative is determined not to be highly effective as a hedge or the underlying hedged transaction is no longer probable, the Company discontinues hedge accounting prospectively. The economic hedges are adjusted to fair value each period in Other, net in the Statements of Operations. Property, plant and equipment Property, plant and equipment are stated at cost less accumulated depreciation. Depreciation is calculated using the straight-line method over an estimated useful life of 2 to 50 years. Leasehold improvements are amortized using the straight-line method over the shorter of their useful lives or the life of the lease. Costs associated with the repair and maintenance of property, plant and equipment are expensed as incurred. Changes in circumstances, such as technological advances or changes to the Company’s business model or capital strategy, could result in the actual useful lives differing from the Company’s estimates. In those cases where the Company determines that the useful life of buildings and equipment should be changed, the Company would depreciate the asset over its revised remaining useful life, thereby increasing or decreasing depreciation expense. Refer to Note 7—Property, Plant and Equipment for further detail. Capitalized software In accordance with ASC 350-40, “Internal-use Software,” the Company capitalizes certain costs incurred in connection with developing or obtaining internal-use software. Costs incurred in the preliminary project stage are expensed. All direct costs incurred to develop internal-use software during the development stage are capitalized and amortized using the straight-line method over the estimated useful life, generally 2 to 15 years. Costs such as maintenance and training are expensed as incurred. Research and development costs are also expensed as incurred. In accordance with ASC 350-24, “Customer’s Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement that is a Service Contract,” the Company evaluates upfront costs, including implementation, set-up or other costs (collectively, “implementation costs”), for hosting arrangements under the internal-use software framework. Costs related to preliminary project activities and post implementation activities are expensed as incurred, whereas costs incurred in the development stage are generally capitalized as prepaid assets within Other Current Assets in the Balance Sheet. Capitalized implementation costs are amortized on a straight-line basis over the expected term of the hosting arrangement, which includes consideration of the non-cancellable contractual term and reasonably certain renewals. Amortization of capitalized implementation costs is included in the same line item in the Statements of Operations as the expense for fees for the associated hosting arrangement. Leases Leases are classified as either finance leases or operating leases. A lease is classified as a finance lease if any one of the following criteria are met: the lease transfers ownership of the asset by the end of the lease term, the lease contains an option to purchase the asset that is reasonably certain to be exercised, the lease term is for a major part of the remaining useful life of the asset or the present value of the lease payments equals or exceeds substantially all of the fair value of the asset. A lease is classified as an operating lease if it does not meet any one of these criteria. The Company’s operating leases primarily consist of real estate, including office space, warehouse space and printing facilities, and satellite transponders for purposes of providing its subscription video services to consumers and its finance leases consist of satellite transponders. For operating leases, minimum lease payments, including minimum scheduled rent increases, are recognized as rent expense on a straight-line basis over the applicable lease terms. For finance leases, lease expense consists of the depreciation of the right-of-use asset, as well as interest expense recognized on the lease liability based on the effective interest method using the rate implicit in the lease or the Company's incremental borrowing rate. A lease's term begins on the date that the Company obtains possession of the leased premises and goes through the expected lease termination date. See Note 10—Leases. Royalty advances to authors Royalty advances are initially capitalized and subsequently expensed as related revenues are earned or when the Company determines future recovery is not probable. The Company has a long history of providing authors with royalty advances, and it tracks each advance earned with respect to the sale of the related publication. Historically, the longer the unearned portion of the advance remains outstanding, the less likely it is that the Company will recover the advance through the sale of the publication. The Company applies this historical experience to its existing outstanding royalty advances to estimate the likelihood of recovery and a provision is established to write-off the unearned advance, usually between 12 and 24 months after initial publication of the first format. Additionally, the Company reviews its portfolio of royalty advances for unpublished titles to determine if individual royalty advances are not recoverable for discrete reasons, such as the death of an author prior to completion of a title or titles, a Company decision to not publish a title, poor market demand or other relevant factors that could impact recoverability. Based on this information, the portion of any advance that the Company believes is not recoverable is expensed. Business Combinations The purchase price of each acquisition is attributed to the assets acquired and liabilities assumed based on their fair values at the date of acquisition, with certain exceptions in accordance with GAAP. Determining the fair value of assets acquired and liabilities assumed involves the use of significant judgments, including judgments about appropriate discount rates, attrition rates, royalty rates and future cash flows. The excess purchase price over the fair value of net tangible and identifiable intangible assets acquired is recorded as goodwill and is assigned to the reporting unit that is expected to benefit from the business combination as of the acquisition date. Goodwill and intangible assets The Company has goodwill and intangible assets, including trademarks and tradenames, newspaper mastheads, publishing imprints, radio broadcast licenses, publishing rights and customer relationships. Goodwill is recorded as the difference between the cost of acquiring entities or businesses and amounts assigned to their tangible and identifiable intangible net assets. In accordance with ASC 350, the Company’s goodwill and indefinite-lived intangible assets are tested annually during the fourth quarter for impairment or earlier if events occur or circumstances change that would more likely than not reduce the fair values below their carrying amounts. Intangible assets with finite lives are amortized over their estimated useful lives. Goodwill is reviewed for impairment at a reporting unit level. Reporting units are determined based on an evaluation of the Company’s operating segments and the components making up those operating segments. For purposes of its goodwill impairment review, the Company has identified REA Group, Move, Inc. (“Move”), the Foxtel Group, Australian News Channel (“ANC”), Dow Jones, HarperCollins, the Australian newspapers, the U.K. newspapers, TalkTV, the New York Post , Storyful Limited (“Storyful”), and Wireless Group plc (“Wireless Group”) as its reporting units. In accordance with ASC 350, in assessing goodwill for impairment, the Company has the option to first perform a qualitative assessment to determine whether events or circumstances exist that lead to a determination that it is more likely than not that the fair value of a reporting unit is less than its carrying amount. If the Company determines that it is not more likely than not that the fair value of a reporting unit is less than its carrying amount, the Company is not required to perform any additional tests in assessing goodwill for impairment. However, if the Company concludes otherwise or elects not to perform the qualitative assessment, then it is required to perform a quantitative analysis to determine the fair value of the reporting unit, and compare the calculated fair value with its carrying amount, including goodwill. If through a quantitative analysis the Company determines the fair value of a reporting unit exceeds its carrying amount, the goodwill of the reporting unit is considered not to be impaired. If the Company concludes that the fair value of the reporting unit is less than its carrying value, an impairment will be recognized for the amount by which the carrying amount exceeds the reporting unit’s fair value. The Company also performs impairment reviews on its indefinite-lived intangible assets, including trademarks and tradenames, newspaper mastheads, publishing imprints and radio broadcast licenses. Newspaper mastheads and book publishing imprints are reviewed on an aggregated basis in accordance with ASC 350. Trademarks and tradenames and radio broadcast licenses are reviewed individually. In assessing its indefinite-lived intangible assets for impairment, the Company has the option to first perform a qualitative assessment to determine whether events or circumstances exist that lead to a determination that it is more likely than not that the fair value of the indefinite-lived intangible asset is less than its carrying amount. If the Company determines that it is not more likely than not that the fair value of an indefinite-lived intangible asset is less than its carrying amount, the Company is not required to perform any additional tests in assessing the asset for impairment. However, if the Company concludes otherwise or elects not to perform the qualitative assessment, then it is required to perform a quantitative analysis to determine if the fair value of an indefinite-lived intangible asset is less than its carrying value. If through a quantitative analysis the Company determines the fair value of an indefinite-lived intangible asset exceeds its carrying amount, the indefinite-lived intangible asset is considered not to be impaired. If the Company concludes that the fair value of an indefinite-lived intangible asset is less than its carrying value, an impairment will be recognized for the amount by which the carrying amount exceeds the indefinite-lived intangible asset’s fair value. The methods used to estimate the fair value measurements of the Company’s reporting units and indefinite-lived intangible assets include those based on the income approach (including the discounted cash flow, relief-from-royalty and excess earnings methods) and those based on the market approach (primarily the guideline public company method). The resulting fair value measurements of the assets are considered to be Level 3 measurements. Determining fair value requires the exercise of significant judgments, including judgments about appropriate discount rates, long-term growth rates, relevant comparable company earnings multiples and the amount and timing of expected future cash flows. The cash flows employed in the analyses are based on the Company’s estimated outlook and various growth rates are assumed for years beyond the long-term business plan period. Discount rate assumptions are based on an assessment of the risk inherent in the future cash flows of the respective reporting units. In assessing the reasonableness of its determined fair values, the Company evaluates its results against other value indicators, such as comparable public company trading values. When a business within a reporting unit is disposed of, goodwill is allocated to the disposed business using the relative fair value method. See Note 8—Goodwill and Other Intangible Assets. Borrowings Loans and borrowings are initially recognized at the fair value of the consideration received. Transaction costs are recorded within current borrowings (current portion) and non-current borrowings (long-term portion) in the Consolidated Balance Sheets. They are subsequently recognized at amortized cost using the effective interest method. Debt may be considered extinguished when it has been modified and the terms of the new debt instruments and old debt instruments are substantially different, as that term is defined in the debt modification guidance in ASC 470-50 “Debt—Modifications and Extinguishments.” 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 “Debt.” See Note 9—Borrowings. Retirement benefit obligations The Company provides defined benefit pension, postretirement healthcare and defined contribution benefits to the Company’s eligible employees and retirees. The Company accounts for its defined benefit pension, postretirement healthcare and defined contribution plans in accordance with ASC 715, “Compensation—Retirement Benefits” (“ASC 715”). The expense recognized by the Company is determined using certain assumptions, including the discount rate, expected long-term rate of return of pension assets and mortality rates, among others. The Company recognizes the funded status of its defined benefit plans (other than multiemployer plans) as an asset or liability in the Balance Sheets and recognizes changes in the funded status in the year in which the changes occur through Accumulated other comprehensive loss in the Balance Sheets. The Company recognizes the other non-service cost components of net periodic benefit costs (income) in Other, net in the Statements of Operations. See Note 17—Retirement Benefit Obligations. Fair value measurements The Company has various financial instruments that are measured at fair value on a recurring basis, including certain marketable securities and derivatives. The Company also applies the provisions of fair value measurement to various non-recurring measurements for the Company’s non-financial assets and liabilities. With the exception of investments measured using the net asset value per share practical expedient in accordance with ASC 820, “Fair Value Measurements” (“ASC 820”)” or ASC 825-10 described above, the Company measures assets and liabilities in accordance with ASC 820, using inputs from the following three levels of the fair value hierarchy: (i) inputs that are quoted prices in active markets for identical assets or liabilities (“Level 1”); (ii) inputs other than quoted prices included within Level 1 that are observable, including quoted prices for similar assets or liabilities (“Level 2”); and (iii) unobservable inputs that require the entity to use its own best estimates about market participant assumptions (“Level 3”). See Note 11—Financial Instruments and Fair Value Measurements. The Company’s assets measured at fair value on a nonrecurring basis include investments, long-lived assets, indefinite-lived intangible assets and goodwill. The Company reviews the carrying amounts of such assets whenever events or changes in circumstances indicate that the carrying amounts may not be recoverable or at least annually during the fourth quarter for indefinite-lived intangible assets and goodwill. Any resulting asset impairment would require that the asset be recorded at its fair value. The resulting fair value measurements of the assets are considered to be Level 3 measurements. Asset impairments Investments Equity method investments are regularly reviewed to determine whether a significant event or change in circumstances has occurred that may impact the fair value of each investment. If the fair value of the investment has dropped below the carrying amount, management considers several factors when determining whether an other-than-temporary decline in market value has occurred, including the length of time and extent to which the market value has been below cost, the financial condition and near-term prospects of the issuer, the intent and ability of the Company to retain its investment in the issuer for a period of time sufficient to allow for any anticipated recovery in market value and other factors influencing the fair market value, such as general market conditions. Long-lived assets ASC 360, “Property, Plant, and Equipment” (“ASC 360”) and ASC 350 require the Company to periodically review the carrying amounts of its long-lived assets, including property, plant and equipment and finite-lived intangible assets, to determine whether current events or circumstances indicate that such carrying amounts may not be recoverable. If the carrying amount of the asset is greater than the expected undiscounted cash flows to be generated by such asset, an impairment adjustment is recognized if the carrying value of such asset exceeds its fair value. The Company generally measures fair value by considering sale prices for similar assets or by discounting estimated future cash flows using an appropriate discount rate. Considerable management judgment is necessary to estimate the fair value of assets; accordingly, actual results could vary significantly from such estimates. Assets to be disposed of are carried at the lower of their financial statement carrying amount or fair value, less their costs to sell. Treasury Stock The Company accounts for treasury stock using the cost method. Upon the retirement of treasury stock, the Company allocates the value of treasury shares between common stock, additional paid-in capital and accumulated deficit. All shares repurchased to date have been retired. See Note 12—Stockholders' Equity. Revenue recognition Circulation and subscription revenues Circulation and subscription revenues include subscription and single-copy sales of digital and print news products, information services subscription revenues and pay television broadcast and streaming subscription revenues. Circulation revenues are based on the number of copies of the printed news products (through home-delivery subscriptions and single-copy sales) and/or digital subscriptions sold, and the associated rates charged to the customers. Single-copy revenue is recognized at a point in time on the date the news products are sold to distribution outlets, net of provisions for related returns. Revenues from home delivery and digital subscriptions are recognized over the subscription term as the news products and/or digital subscriptions are delivered. Information services subscription revenues are recognized over time as the subscriptions are delivered. Payments from subscribers are generally due at the beginning of the month and are recorded as deferred revenue. Such amounts are recognized as revenue as the associated subscription is delivered. Revenue generated from subscriptions to receive pay television broadcast, streaming, broadband and phone services for residential and commercial subscribers is recognized over time on a monthly basis as the services are provided. Payment is generally received monthly in advance of providing services, and is deferred upon receipt. Such amounts are recognized as revenue as the related services are provided. Advertising revenues Revenue from print advertising is recognized at the point in time the print advertisement is published. Broadcast advertising revenue is recognized over the time that the broadcast advertisement is aired. For impressions-based digital advertising, revenues are recognized as impressions are delivered over the term of the arrangement, while revenue from non-impressions-based digital advertising is recognized over the period that the advertisements are displayed. Such amounts are recognized net of agency commissions and provisions for estimated sales incentives, including rebates, rate adjustments or discounts. The Company enters into transactions that involve the exchange of advertising, in part, for other products and services, which are recorded at the estimated fair value of the product or service received. If the fair value of the product or service received cannot be reliably determined, the value is

Revenues

Revenues	12 Months Ended
	Jun. 30, 2023
Revenue from Contract with Customer [Abstract]
Revenues	NOTE 3. REVENUES Disaggregated revenue The following tables present the Company’s disaggregated revenues by type and segment for the fiscal years ended June 30, 2023, 2022 and 2021: For the fiscal year ended June 30, 2023 Digital Real Estate Services Subscription Video Services Dow Jones Book Publishing News Media Other Total Revenues (in millions) Revenues: Circulation and subscription $ 12 $ 1,671 $ 1,689 $ — $ 1,075 $ — $ 4,447 Advertising 140 227 413 — 907 — 1,687 Consumer — — — 1,899 — — 1,899 Real estate 1,189 — — — — — 1,189 Other 198 44 51 80 284 — 657 Total Revenues $ 1,539 $ 1,942 $ 2,153 $ 1,979 $ 2,266 $ — $ 9,879 For the fiscal year ended June 30, 2022 Digital Real Estate Services Subscription Video Services Dow Jones Book Publishing News Media Other Total Revenues (in millions) Revenues: Circulation and subscription $ 13 $ 1,753 $ 1,516 $ — $ 1,143 $ — $ 4,425 Advertising 135 232 449 — 1,005 — 1,821 Consumer — — — 2,106 — — 2,106 Real estate 1,347 — — — — — 1,347 Other 246 41 39 85 275 — 686 Total Revenues $ 1,741 $ 2,026 $ 2,004 $ 2,191 $ 2,423 $ — $ 10,385 For the fiscal year ended June 30, 2021 Digital Real Estate Services Subscription Video Services Dow Jones Book Publishing News Media Other Total Revenues (in millions) Revenues: Circulation and subscription $ 25 $ 1,825 $ 1,296 $ — $ 1,060 $ — $ 4,206 Advertising 126 210 373 — 885 — 1,594 Consumer — — — 1,908 — — 1,908 Real estate 1,153 — — — — — 1,153 Other 89 37 33 77 260 1 497 Total Revenues $ 1,393 $ 2,072 $ 1,702 $ 1,985 $ 2,205 $ 1 $ 9,358 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 fiscal years ended June 30, 2023 and 2022: For the fiscal year ended June 30, 2023 2022 (in millions) Beginning balance $ 604 $ 473 Deferral of revenue 3,624 3,558 Recognition of deferred revenue (a) (3,606) (3,477) Other (b) — 50 Ending balance $ 622 $ 604 ________________________ (a) For the fiscal years ended June 30, 2023 and 2022, the Company recognized approximately $561 million and $435 million, respectively, of revenue which was included in the opening deferred revenue balance. (b) For the fiscal year ended June 30, 2022, includes $68 million of deferred revenue acquired as a result of the OPIS and CMA acquisitions. See Note 4—Acquisitions, Disposals and Other Transactions. Contract assets were immaterial for disclosure as of June 30, 2023 and 2022. Other revenue disclosures The Company typically expenses sales commissions to obtain a customer contract as incurred as the amortization period is 12 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 12 months or less, or the receipt of consideration is received within 12 months or less of the transfer of the good or service. During the fiscal year ended June 30, 2023, the Company recognized approximately $389 million 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 June 30, 2023 was approximately $1,219 million, of which approximately $443 million is expected to be recognized during fiscal 2024, $233 million is expected to be recognized in fiscal 2025 and $183 million is expected to be recognized in fiscal 2026, 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.

Acquisitions, Disposals and Oth

Acquisitions, Disposals and Other Transactions	12 Months Ended
	Jun. 30, 2023
Business Combinations [Abstract]
Acquisitions, Disposals and Other Transactions	NOTE 4. ACQUISITIONS, DISPOSALS AND OTHER TRANSACTIONS Fiscal 2022 OPIS In February 2022, the Company acquired the Oil Price Information Service business and related assets (“OPIS”) from S&P Global Inc. (“S&P”) and IHS Markit Ltd. for $1.15 billion in cash, subject to customary purchase price adjustments. OPIS is a global industry standard for benchmark and reference pricing and news and analytics for the oil, natural gas liquids and biofuels industries. The business also provides pricing and news and analytics for the coal, mining and metals end markets and insights and analytics in renewables and carbon pricing. The acquisition enables Dow Jones to become a leading provider of energy and renewables information and furthers its goal of building the leading global business news and information platform for professionals. OPIS is a subsidiary of Dow Jones, and its results are included in the Dow Jones segment. As a result of the acquisition, the Company recorded net tangible liabilities of approximately $1 million primarily related to deferred revenue and accounts receivable and $620 million of identifiable intangible assets, consisting primarily of $528 million of customer relationships with a useful life of 20 years, $54 million in tradenames, including $48 million related to the OPIS tradename with an indefinite life, and $38 million related to technology with a weighted average useful life of six years. In accordance with ASC 350, the excess of the total consideration over the fair values of the net tangible and intangible assets of $538 million was recorded as goodwill on the transaction. REA Group sale of Malaysia and Thailand businesses In August 2021, REA Group acquired an 18% interest (16.6% on a diluted basis) in PropertyGuru Pte. Ltd., now PropertyGuru Group Ltd. (“PropertyGuru”), a leading digital property technology company operating marketplaces in Southeast Asia, in exchange for all shares of REA Group’s entities in Malaysia and Thailand. The transaction was completed after REA Group entered into an agreement to sell its 27% interest in its existing venture with 99.co. The transaction creates a leading digital real estate services company in Southeast Asia, new opportunities for collaboration and access to a deeper pool of expertise, technology and investment in the region. REA Group received one seat on the board of directors of PropertyGuru as part of the transaction. In March 2022, PropertyGuru completed its merger with Bridgetown 2 Holdings Limited. As a result of the merger and subsequent investments made in connection with the transaction, REA Group’s ownership interest in PropertyGuru was 17.5% and a gain of approximately $15 million was recorded in Other, net. Base Chemicals In June 2022, the Company acquired the Base Chemicals (rebranded Chemical Market Analytics, “CMA”) business from S&P for $295 million in cash, subject to customary purchase price adjustments. CMA provides pricing data, insights, analysis and forecasting for key base chemicals through its leading Market Advisory and World Analysis services. The acquisition enables Dow Jones to become a leading provider of base chemicals information and furthers its goal of building the leading global business news and information platform for professionals. CMA is operated by Dow Jones, and its results are included in the Dow Jones segment. As a result of the acquisition, the Company recorded net tangible liabilities of approximately $22 million primarily related to deferred revenue and accounts receivable and $189 million of identifiable intangible assets, consisting primarily of $145 million of customer relationships with a useful life of 20 years, $31 million related to technology with a weighted average useful life of 14 years and $13 million in tradenames with a useful life of 20 years. In accordance with ASC 350, the excess of the total consideration over the fair values of the net tangible and intangible assets of $121 million was recorded as goodwill on the transaction. UpNest In June 2022, the Company acquired UpNest, Inc. (“UpNest”) for closing cash consideration of approximately $45 million, subject to customary purchase price adjustments, and up to $15 million in future cash consideration based upon the achievement of certain performance objectives over the next two years. The Company recorded an $8 million liability related to the contingent consideration, representing the estimated fair value. Included in the closing cash consideration is approximately $9 million that is being held back to satisfy post-closing claims. UpNest is a real estate agent marketplace that matches home sellers and buyers with top local agents who compete for their business. The UpNest acquisition helps Realtor.com ® further expand its services and support for home sellers and listing agents and brokers. UpNest is a subsidiary of Move, and its results are included within the Digital Real Estate Services segment. As a result of the acquisition, the Company recorded approximately $16 million of identifiable intangible assets, consisting primarily of customer relationships and technology platforms. In accordance with ASC 350, the excess of the total consideration over the fair values of the net tangible and intangible assets of approximately $40 million was recorded as goodwill on the transaction. Fiscal 2021 Avail In December 2020, the Company acquired Rentalutions, Inc. (“Avail”) for initial cash consideration of approximately $36 million, net of $4 million of cash acquired, and up to $8 million in future cash consideration based upon the achievement of certain performance objectives over the next three years. The Company recorded a $4 million liability related to the contingent consideration, representing the estimated fair value. Included in the initial cash consideration was approximately $6 million that is being held back to satisfy post-closing claims. Avail is a platform that improves the renting experience for do-it-yourself landlords and tenants with online tools, educational content and world-class support. The acquisition helps Realtor.com ® further expand into the rental space, extend its support for landlords, augment current rental listing content, grow its audience and build brand affinity and long-term relationships with renters. Avail is a subsidiary of Move, and its results are included within the Digital Real Estate Services segment. As a result of the acquisition, the Company recorded approximately $7 million related to the technology platform with a weighted average useful life of five years. In accordance with ASC 350, the excess of the total consideration over the fair values of the net tangible and intangible assets of approximately $32 million was recorded as goodwill on the transaction. Elara In December 2020, the Company acquired a controlling interest in Elara Technologies Pte. Ltd. (rebranded REA India) through a subscription for newly-issued preference shares and the buyout of certain minority shareholders. The total aggregate purchase price associated with the acquisition at the completion date is $138 million which primarily consists of $69 million of cash, the fair value of noncontrolling interests of $37 million and the fair value of the Company’s previously held equity interest in REA India of $22 million. The acquisition of REA India was accounted for in accordance with ASC 805 “Business Combinations,” which requires the Company to re-measure its previously held equity interest in REA India at its acquisition date fair value. The carrying amount of the Company’s previously held equity interest in REA India was $15 million and, accordingly, the Company recognized a gain on remeasurement of $7 million which was recorded in Other, net in the Statement of Operations. As a result of the transactions, REA Group’s shareholding in REA India increased from 13.5% to 59.7%, while News Corporation’s shareholding increased from 22.1% to 39.0%. During the three months ended March 31, 2021, REA Group acquired an additional 0.8% interest in REA India. REA Group and News Corporation now hold all REA India board seats, and the Company began consolidating REA India in December 2020. The Company’s ownership in REA Group was diluted by 0.2% to 61.4% as a result of the transactions. Subsequent to June 30, 2021, REA Group provided additional funding to REA India in exchange for further equity which increased REA Group’s ownership interest to 73.3% and diluted News Corporation’s interest to 26.6%. The acquisition of REA India allows REA Group to be at the forefront of long-term growth opportunities within India and the digitization of the real estate sector. REA India is a subsidiary of REA Group, and its results are reported within the Digital Real Estate Services segment. As a result of the acquisition, the Company recorded net tangible liabilities of $5 million and approximately $31 million of identifiable intangible assets, of which $19 million primarily related to REA India technology platforms with a weighted average useful life of five years and $12 million related to trade names with indefinite lives. In accordance with ASC 350, the excess of the total consideration over the fair values of the net tangible and intangible assets of approximately $113 million was recorded as goodwill on the transaction. Investor’s Business Daily In May 2021, the Company acquired Investor’s Business Daily (“IBD”) for $275 million in cash. IBD is a digital-first financial news and research business with unique investing content, analytical products and educational resources, including the Investors.com website. The acquisition expands Dow Jones’s offerings with the addition of proprietary data and tools to help professional and retail investors identify top-performing stocks. IBD is operated by Dow Jones, and its results are included within the Dow Jones segment. As a result of the acquisition, the Company recorded net tangible liabilities of approximately $16 million primarily related to deferred revenue and approximately $123 million of identifiable intangible assets, consisting primarily of approximately $51 million related to the IBD tradename with an indefinite life, approximately $43 million of subscriber relationships with a useful life of seven years and approximately $20 million related to technology with a useful life of seven years. In accordance with ASC 350, the excess of the total consideration over the fair values of the net tangible and intangible assets of approximately $166 million was recorded as goodwill on the transaction. HMH Books & Media In May 2021, the Company acquired the Books & Media segment of Houghton Mifflin Harcourt (“HMH Books & Media”) for $349 million in cash. HMH Books & Media publishes renowned and awarded children’s, young adult, fiction, non-fiction, culinary and reference titles. The acquisition adds an extensive and successful backlist, a strong frontlist in the lifestyle and children’s segments and a productions business that provides opportunities to expand HarperCollins’s intellectual property across different formats. HMH Books & Media is a subsidiary of HarperCollins and its results are included in the Book Publishing segment. As a result of the acquisition, the Company recorded net tangible assets of approximately $83 million, primarily consisting of accounts receivable, accounts payable, author advances and royalty payables and inventory. In addition, the Company recorded approximately $141 million of identifiable intangible assets, consisting primarily of $104 million of publishing rights for backlist titles with a useful life of nine years and $32 million of publishing licenses with a useful life of nine years. In accordance with ASC 350, the excess of the total consideration over the fair values of the net tangible and intangible assets of approximately $125 million was recorded as goodwill on the transaction. Mortgage Choice In June 2021, REA Group acquired Mortgage Choice Limited (“Mortgage Choice”) for approximately A$244 million in cash (approximately US$183 million based on exchange rates as of the closing date), funded by an increase in REA Group’s debt facilities. Control was transferred and the acquisition became effective and binding on Mortgage Choice shareholders on June 18, 2021 upon court approval. Mortgage Choice is a leading Australian mortgage broking business, and the acquisition complements REA Group’s existing Smartline broker footprint and accelerates REA Group’s financial services strategy to establish a leading mortgage broking business with national scale. Mortgage Choice is a subsidiary of REA Group and its results are included in the Digital Real Estate Services segment. one

Restructuring Programs

Restructuring Programs	12 Months Ended
	Jun. 30, 2023
Restructuring and Related Activities [Abstract]
Restructuring Programs	NOTE 5. RESTRUCTURING PROGRAMS The Company recorded restructuring charges of $125 million, $94 million and $168 million for the fiscal years ended June 30, 2023, 2022 and 2021, respectively, of which $40 million, $34 million and $122 million, respectively, related to the News Media segment. Fiscal 2023 Restructuring The restructuring charges in fiscal 2023 primarily related to employee termination benefits resulting from actions taken by the Company’s businesses in response to the headcount reductions announced in February 2023. Fiscal 2022 Restructuring The restructuring charges in fiscal 2022 primarily related to employee termination benefits. Fiscal 2021 Restructuring The restructuring charges recorded in fiscal 2021 include exit costs associated with the closure of the Company’s Bronx print plant, the termination of a third-party printing contract and employee termination benefits. Changes in restructuring program liabilities were as follows: One-time employee termination benefits Other costs Total (in millions) Balance, June 30, 2020 $ 64 $ 9 $ 73 Additions 83 85 168 Payments (97) (55) (152) Other 1 (4) (3) Balance, June 30, 2021 $ 51 $ 35 $ 86 Additions 69 25 94 Payments (92) (19) (111) Other (3) — (3) Balance, June 30, 2022 $ 25 $ 41 $ 66 Additions 116 9 125 Payments (90) (9) (99) Other 2 — 2 Balance, June 30, 2023 $ 53 $ 41 $ 94 As of June 30, 2023 and June 30, 2022 restructuring liabilities of approximately $64 million and $42 million, respectively, were included in the Balance Sheet in Other current liabilities and $30 million and $24 million, respectively, were included in Other non-current liabilities.

Investments

Investments	12 Months Ended
	Jun. 30, 2023
Schedule of Investments [Abstract]
Investments	NOTE 6. INVESTMENTS The Company’s investments were comprised of the following: Ownership Percentage as of June 30, 2023 As of June 30, 2023 2022 (in millions) Equity method investments (a) various $ 192 $ 276 Equity securities (b) various 235 212 Total Investments $ 427 $ 488 ________________________ (a) In the first quarter of fiscal 2022, REA Group acquired an 18% interest (16.6% on a diluted basis) in PropertyGuru in exchange for all shares of REA Group’s entities in Malaysia and Thailand. During the fiscal year ended June 30, 2022, PropertyGuru completed its merger with Bridgetown 2 Holdings Limited. As a result of the merger and subsequent investments made in connection with the transaction, REA Group’s ownership interest in PropertyGuru was 17.5% and a gain of $15 million was recorded in Other, net. During the fiscal year ended June 30, 2023, the Company determined that the fair value of REA Group's investment in PropertyGuru was below its carrying value. Due to the ongoing negative performance of PropertyGuru’s publicly-traded stock, the reduction in fair value based on the market price was deemed to be other than temporary and, as a result, the Company recognized a non-cash write-down of approximately $81 million within Equity losses of affiliates. Refer to Note 4—Acquisitions, Disposals and Other Transactions and Note 21—Additional Financial Information for further discussion. (b) Equity securities are primarily comprised of Tremor, certain investments in China, the Company’s investment in ARN Media Limited, which operates a portfolio of Australian radio media assets, and Dow Jones’ investment in an artificial intelligence-focused data analytics company. 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 fiscal year ended June 30, 2023 2022 2021 (in millions) Total (losses) gains recognized on equity securities $ (9) $ (59) $ 81 Less: Net gains (losses) recognized on equity securities sold or impaired 2 — (1) Unrealized (losses) gains recognized on equity securities held at end of period $ (11) $ (59) $ 82 Equity Losses of Affiliates The Company’s share of the losses of its equity affiliates was $127 million, $13 million and $65 million for the fiscal years ended June 30, 2023, 2022 and 2021, respectively. In fiscal 2023, the losses primarily reflect the non-cash write-down of REA Group’s investment in PropertyGuru of approximately $81 million and losses from an investment in an Australian sports wagering venture. In fiscal 2021, the losses primarily reflect the $54 million non-cash write-down of the Foxtel Group’s investment in the Nickelodeon Australia Joint Venture.

Property, Plant and Equipment

Property, Plant and Equipment	12 Months Ended
	Jun. 30, 2023
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment	NOTE 7. PROPERTY, PLANT AND EQUIPMENT Original As of June 30, 2023 2022 (in millions) Land $ 121 $ 120 Buildings and leaseholds 3 to 50 years 1,515 1,478 Digital set top units and installations 5 to 10 years 1,142 1,109 Machinery and equipment 2 to 20 years 1,302 1,278 Capitalized software 2 to 15 years 1,925 1,707 Finance lease right-of-use assets 15 years 121 124 6,126 5,816 Less: accumulated depreciation and amortization (a) (4,359) (3,933) 1,767 1,883 Construction in progress 275 220 Total Property, plant and equipment, net $ 2,042 $ 2,103 ________________________ (a) Includes accumulated amortization of capitalized software of approximately $1,335 million and $1,135 million as of June 30, 2023 and 2022, respectively. Depreciation and amortization related to property, plant and equipment was $555 million, $548 million and $568 million for the fiscal years ended June 30, 2023, 2022 and 2021, respectively. This includes amortization of capitalized software of $242 million, $263 million and $250 million for the fiscal years ended June 30, 2023, 2022 and 2021, respectively. Fixed Asset Impairments During the fiscal year ended June 30, 2022, the Company recognized non-cash impairment charges of $15 million related to the write-down of fixed assets associated with the shutdown and sale of certain U.S. printing facilities at the Dow Jones segment.

Goodwill and Other Intangible A

Goodwill and Other Intangible Assets	12 Months Ended
	Jun. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Other Intangible Assets	NOTE 8. GOODWILL AND OTHER INTANGIBLE ASSETS The carrying values of the Company’s intangible assets and related accumulated amortization for the fiscal years ended June 30, 2023 and June 30, 2022 were as follows: As of June 30, 2023 2022 (in millions) Intangible Assets Not Subject to Amortization Trademarks and tradenames $ 267 $ 411 Newspaper mastheads 281 281 Imprints 225 218 Radio broadcast licenses 122 118 Total intangible assets not subject to amortization 895 1,028 Intangible Assets Subject to Amortization Publishing rights (a) 319 348 Customer relationships (b) 1,110 1,233 Other (c) 165 62 Total intangible assets subject to amortization, net 1,594 1,643 Total Intangible assets, net $ 2,489 $ 2,671 Certain indefinite-lived tradenames have been reclassified to finite-lived as of June 30, 2023. ________________________ (a) Net of accumulated amortization of $341 million and $306 million as of June 30, 2023 and 2022, respectively. The useful lives of publishing rights range from 3 to 30 years primarily based on the weighted-average remaining contractual terms of the underlying publishing contracts and the Company’s estimates of the period within those terms that the asset is expected to generate a majority of its future cash flows. (b) Net of accumulated amortization of $846 million and $759 million as of June 30, 2023 and 2022, respectively. The useful lives of customer relationships range from 3 to 25 years. The useful lives of these assets are estimated by applying historical attrition rates and determining the resulting period over which a majority of the accumulated undiscounted cash flows related to the customer relationships are expected to be generated. (c) Net of accumulated amortization of $89 million and $85 million as of June 30, 2023 and 2022, respectively. The useful lives of other intangible assets range from 3 to 25 years. The useful lives represent the periods over which these intangible assets are expected to contribute directly or indirectly to the Company’s future cash flows. The Company recognized $25 million of impairment charges related to certain of its indefinite-lived intangible assets for the fiscal year ended June 30, 2023. Amortization expense related to amortizable intangible assets was $159 million, $140 million and $112 million for the fiscal years ended June 30, 2023, 2022 and 2021, respectively. Based on the current amount of amortizable intangible assets, the estimated amortization expense for each of the succeeding five fiscal years is as follows: 2024—$155 million; 2025—$152 million; 2026—$149 million; 2027—$144 million; and 2028—$129 million. The changes in the carrying value of goodwill, by segment, are as follows: Digital Real Subscription Dow Jones Book News Media Total (in millions) Balance, June 30, 2021 $ 1,617 $ 978 $ 1,532 $ 413 $ 113 $ 4,653 Acquisitions (a) 39 — 659 8 32 738 Foreign exchange and other (95) (99) — (14) (14) (222) Balance, June 30, 2022 $ 1,561 $ 879 $ 2,191 $ 407 $ 131 $ 5,169 Acquisitions (a) — — 4 9 — 13 Foreign exchange and other (19) (20) — (3) — (42) Balance, June 30, 2023 $ 1,542 $ 859 $ 2,195 $ 413 $ 131 $ 5,140 ________________________ (a) See Note 4—Acquisitions, Disposals and Other Transactions for the primary drivers of increases in goodwill by segment. The carrying amount of goodwill as of June 30, 2023 and 2022 both reflected accumulated impairments of $4.8 billion principally relating to impairments at the Dow Jones and News Media segments that were recognized prior to the Company’s separation of its businesses from Twenty-First Century Fox, Inc. (“21st Century Fox”) on June 28, 2013 (the “Separation”). Annual Impairment Assessments In accordance with ASC 350, the Company’s goodwill and indefinite-lived intangible assets are tested annually in the fourth quarter for impairment or earlier if events occur or circumstances change that would more likely than not reduce the fair values below their carrying amounts. See Note 2—Summary of Significant Accounting Policies. Fiscal 2023 The performance of the Company’s annual impairment analysis resulted in impairments of $25 million to indefinite-lived intangible assets and no impairments to goodwill in fiscal 2023. Significant unobservable inputs utilized in the income approach valuation method were discount rates (ranging from 8.5% to 18.0%), long-term growth rates (ranging from 1.0% to 3.5%) and royalty rates (ranging from 0.25% to 7.0%). Significant unobservable inputs utilized in the market approach valuation method were EBITDA multiples from guideline public companies operating in similar industries and control premiums (ranging from 5.0% to 10.0%). Significant increases (decreases) in royalty rates, growth rates, control premiums and multiples, assuming no change in discount rates, would result in a significantly higher (lower) fair value measurement. Significant decreases (increases) in discount rates, assuming no changes in royalty rates, growth rates, control premiums and multiples, would result in a significantly higher (lower) fair value measurement. Fiscal 2022 The performance of the Company’s annual impairment analysis resulted in no impairments to goodwill and indefinite-lived intangible assets in fiscal 2022. Significant unobservable inputs utilized in the income approach valuation method were discount rates (ranging from 8.0% to 19.0%), long-term growth rates (ranging from 1.0% to 3.0%) and royalty rates (ranging from 0.25% to 7.0%). Significant unobservable inputs utilized in the market approach valuation method were EBITDA multiples from guideline public companies operating in similar industries and control premiums (ranging from 5.0% to 10.0%). Significant increases (decreases) in royalty rates, growth rates, control premiums and multiples, assuming no change in discount rates, would result in a significantly higher (lower) fair value measurement. Significant decreases (increases) in discount rates, assuming no changes in royalty rates, growth rates, control premiums and multiples, would result in a significantly higher (lower) fair value measurement. Fiscal 2021 The performance of the Company’s annual impairment analysis resulted in no impairments to goodwill and indefinite-lived intangible assets in fiscal 2021. Significant unobservable inputs utilized in the income approach valuation method were discount rates (ranging from 8.0% to 22.0%), long-term growth rates (ranging from 0.0% to 3.0%) and royalty rates (ranging from 0.25% to 6.0%). Significant unobservable inputs utilized in the market approach valuation method were EBITDA multiples from guideline public companies operating in similar industries and control premiums (ranging from 5.0% to 10.0%). Significant increases (decreases) in royalty rates, growth rates, control premiums and multiples, assuming no change in discount rates, would result in a significantly higher (lower) fair value measurement. Significant decreases (increases) in discount rates, assuming no changes in royalty rates, growth rates, control premiums and multiples, would result in a significantly higher (lower) fair value measurement.

Borrowings

Borrowings	12 Months Ended
	Jun. 30, 2023
Debt Disclosure [Abstract]
Borrowings	NOTE 9. BORROWINGS The Company’s total borrowings consist of the following: Interest rate at June 30, Maturity at June 30, As of June 30, 2023 As of June 30, 2022 (in millions) News Corporation 2022 Term loan A (a) 6.842 % Mar 31, 2027 497 500 2022 Senior notes 5.125 % Feb 15, 2032 492 492 2021 Senior notes 3.875 % May 15, 2029 989 987 Foxtel Group (b) 2019 Credit facility (c) 6.65 % May 31, 2024 320 68 2019 Term loan facility 6.25 % Nov 22, 2024 167 171 2017 Working capital facility (c) 6.65 % May 31, 2024 — — Telstra facility 11.46 % Dec 22, 2027 100 90 2012 US private placement—USD portion—tranche 2 (d) — % Jul 25, 2022 — 198 2012 US private placement—USD portion—tranche 3 (d) 4.42 % Jul 25, 2024 149 147 2012 US private placement—AUD portion — % Jul 25, 2022 — 68 REA Group (b) 2022 Credit facility - tranche 1 (e) 5.35 % Sep 16, 2024 211 273 2022 Credit facility - tranche 2 (e) 5.50 % Sep 16, 2025 — 8 Finance lease liability 42 67 Total borrowings 2,967 3,069 Less: current portion (f) (27) (293) Long-term borrowings 2,940 2,776 ________________________ (a) The Company entered into an interest rate swap derivative to fix the floating rate interest component of its Term A Loans at 2.083%. For the three months ended June 30, 2023 the Company was paying interest at an effective interest rate of 3.708%. See Note 11—Financial Instruments and Fair Value Measurements. (b) These borrowings were incurred by certain subsidiaries of NXE Australia Pty Limited (the “Foxtel Group” and together with such subsidiaries, the “Foxtel Debt Group”) and REA Group and certain of its subsidiaries (REA Group and certain of its subsidiaries, the “REA Debt Group”), consolidated but non wholly-owned subsidiaries of News Corp, and are only guaranteed by the Foxtel Group and REA Group and their respective subsidiaries, as applicable, and are non-recourse to News Corp. (c) As of June 30, 2023, the Foxtel Debt Group had total undrawn commitments of A$161 million available under these facilities. (d) The carrying values of the borrowings include any fair value adjustments related to the Company’s fair value hedges. See Note 11—Financial Instruments and Fair Value Measurements. (e) As of June 30, 2023, REA Group had total undrawn commitments of A$281 million available under this facility. (f) 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.” $27 million relates to the current portion of finance lease liabilities as of June 30, 2023 and 2022. News Corporation Borrowings As of June 30, 2023, the Company had (i) borrowings of $1,978 million, consisting of its outstanding 2021 Senior Notes, 2022 Senior Notes (collectively, the “Senior Notes”) and Term A Loans and (ii) $750 million of undrawn commitments available under the Revolving Facility. Senior Notes The Senior Notes are the senior unsecured obligations of the Company and rank equally in right of payment with the Company’s other senior debt, including borrowings under its Term A and Revolving Facilities (as defined below). In the event of specified change in control events, the Company must offer to purchase the outstanding Senior Notes from the holders at a purchase price equal to 101% of the principal amount, plus any accrued and unpaid interest. There are no financial maintenance covenants with respect to the Senior Notes. The indentures governing the applicable Senior Notes contain other covenants that, among other things and subject to certain exceptions, (i) limit the Company’s ability and the ability of its subsidiaries to incur any liens securing indebtedness for borrowed money and (ii) limit the Company’s ability to consolidate or merge with or into another person or sell or otherwise dispose of all or substantially all of the assets of the Company and its subsidiaries (taken as a whole). Term Loan A and Revolving Credit Facilities The Company is party to a credit agreement (the “2022 Credit Agreement”) that provides for a $500 million unsecured term loan A credit facility (the “Term A Facility” and the loans under the Term A Facility, the “Term A Loans”) and a $750 million unsecured revolving credit facility with a sublimit of $100 million available for issuances of letters of credit (the “Revolving Facility” and, together with the Term A Facility, the “Facilities”). Under the 2022 Credit Agreement, the Company may request increases with respect to either Facility in an aggregate principal amount not to exceed $250 million. The Term A Loans amortize in equal quarterly installments in an aggregate annual amount equal to —%, 2.5%, 2.5%, 5.0% and 5.0%, respectively, of the original principal amount of the Term A Facility for each 12-month period commencing on June 30, 2022. Loans under the Revolving Facility do not amortize. The Facilities have a maturity date of March 31, 2027, and under certain circumstances as set forth in the 2022 Credit Agreement, the Company may request that the maturity date of the Term A Facility be extended by at least one Interest on borrowings is based on either (a) an Alternative Currency Term Rate formula, (b) a Term SOFR formula, (c) an Alternative Currency Daily Rate formula ((a) through (c) each, a “Relevant Rate”) or (d) the Base Rate formula, each as set forth in the 2022 Credit Agreement. The applicable margin for borrowings under the Facilities and the commitment fee for undrawn balances under the Revolving Facility vary based on the Company’s adjusted operating income net leverage ratio. At June 30, 2023, the Company was paying commitment fees of 0.225% and an applicable margin of 0.5% for a Base Rate borrowing and 1.5% for a Relevant Rate borrowing. The 2022 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 2022 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. Foxtel Group Borrowings As of June 30, 2023, the Foxtel Group has borrowings under the following facilities, as well as outstanding U.S. private placement senior unsecured notes: • An A$610 million 2019 revolving credit facility and A$40 million 2017 working capital facility. Borrowings under these facilities bear interest at a floating rate of the Australian BBSY plus an applicable margin of between 2.00% and 3.25% per annum, depending on the Foxtel Debt Group’s net leverage ratio. The Foxtel Debt Group had total undrawn commitments of A$161 million available under these facilities and pays a commitment fee of 45% of the applicable margin for any undrawn amounts. • A fully drawn A$250 million term loan facility. Borrowings under this facility bear interest at a fixed rate of 6.25% per annum. • An A$170 million subordinated shareholder loan facility with Telstra Corporation Limited (the “Telstra Facility”), which owns a 35% interest in the Foxtel Group. Borrowings under the Telstra Facility can be used to finance cable transmission costs due to Telstra under a services arrangement between the Foxtel Group and Telstra and bear interest at a variable rate of the Australian BBSY plus a margin of 7.75%. The terms of the Telstra Facility allow for the capitalization of accrued interest to the principal outstanding. The Company excludes borrowings under this facility from the Statements of Cash Flows as they are non-cash. In July 2022, the Foxtel Group repaid its U.S. private placement senior unsecured notes that matured in July 2022 using capacity under the 2019 Credit Facility. The agreements governing the Foxtel Debt Group’s external borrowings (revolving credit facilities, the term loan facility and the U.S. private placement senior unsecured notes) contain customary affirmative and negative covenants and events of default, with customary exceptions, including specified financial and non-financial covenants calculated in accordance with Australian International Financial Reporting Standards. Subject to certain exceptions, these covenants restrict or prohibit members of the Foxtel Debt Group from, among other things, undertaking certain transactions, disposing of certain properties or assets (including subsidiary stock), merging or consolidating with any other person, making financial accommodation available, giving guarantees, entering into certain other financing arrangements, creating or permitting certain liens, engaging in transactions with affiliates, making repayments of certain other loans 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 3.25 to 1.0. The agreements also require the Foxtel Debt Group to maintain a net interest coverage ratio of not less than 3.5 to 1.0. There are no assets pledged as collateral for any of the borrowings. Foxtel Group Debt Refinancing On August 14, 2023, the Foxtel Group entered into an agreement (the “2023 Foxtel Credit Agreement”) for a new A$1.2 billion syndicated credit facility (the “2023 Credit Facility”), which will be used to refinance its A$610 million 2019 revolving credit facility, A$250 million term loan facility and tranche 3 of its 2012 U.S. private placement. The 2023 Credit Facility consists of three sub-facilities: (i) an A$817.5 million three year revolving credit facility (the “2023 Credit Facility — tranche 1”), (ii) a US$48.7 million four year term loan facility (the “2023 Credit Facility — tranche 2”) and (iii) an A$311.0 million four year term loan facility (the “2023 Credit Facility — tranche 3”). In addition, the Foxtel Group amended its 2017 working capital facility to extend the maturity to August 2026 and modify the pricing. Depending on the Foxtel Group’s net leverage ratio (i) borrowings under the 2023 Credit Facility — tranche 1 and 2017 working capital facility bear interest at a rate of the Australian BBSY plus a margin of between 2.35% and 3.60%; (ii) borrowings under the 2023 Credit Facility — tranche 2 bear interest at a rate based on a Term SOFR formula, as set forth in the 2023 Foxtel Credit Agreement, plus a margin of between 2.50% and 3.75%; and (iii) borrowings under the 2023 Credit Facility — tranche 3 bear interest at a rate of the Australian BBSY plus a margin of between 2.50% and 3.75%. All tranches carry a commitment fee of 45% of the applicable margin on any undrawn balance during the relevant availability period. Tranches 2 and 3 of the 2023 Credit Facility amortize on a proportionate basis in an aggregate annual amount equal to A$35 million in each of the first two years following closing and A$40 million in each of the two years thereafter. The 2023 Credit Agreement contains customary affirmative and negative covenants and events of default, with customary exceptions, that are generally consistent with those governing the Foxtel Debt Group’s external borrowings as of June 30, 2023, including financial covenants requiring maintenance of the same net debt to EBITDA and net interest coverage ratios. REA Group Facilities As of June 30, 2023, REA Group had (i) borrowings of approximately $211 million, consisting of amounts outstanding under its 2022 Credit Facility and (ii) A$281 million of undrawn commitments available under its 2022 Credit Facility. REA Group may request increases in the amount of the 2022 Credit Facility up to a maximum amount of A$500 million, subject to the terms and limitations set forth in the syndicated facility agreement. Borrowings under the 2022 Credit facility — tranche 1 accrue interest at a rate of the Australian BBSY plus a margin of between 1.00% and 2.10%, depending on REA Group’s net leverage ratio. Borrowings under the 2022 Credit facility — tranche 2 accrue interest at a rate of the Australian BBSY plus a margin of between 1.15% and 2.25%, depending on REA Group’s net leverage ratio. Both tranches carry a commitment fee of 40% of the applicable margin on any undrawn balance. The 2022 Credit Facility requires REA Group to maintain (i) a net leverage ratio of not more than 3.5 to 1.0 and (ii) an interest coverage ratio of not less than 3.0 to 1.0. The syndicated facility agreement also contains certain other customary affirmative and negative covenants and events of default. Subject to certain exceptions, these covenants restrict or prohibit REA Group and its subsidiaries from, among other things, incurring or guaranteeing debt, disposing of certain properties or assets, merging or consolidating with any other person, making financial accommodation available, entering into certain other financing arrangements, creating or permitting certain liens, engaging in non arms’ length transactions with affiliates, undergoing fundamental business changes and making restricted payments. Covenants The Company’s borrowings and those of its consolidated subsidiaries 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 applicable debt agreements may be declared immediately due and payable. The Company was in compliance with all such covenants at June 30, 2023. Future maturities The following table summarizes the Company’s debt maturities, excluding debt issuance costs and finance lease liabilities, as of June 30, 2023: As of June 30, 2023 (in millions) Fiscal 2024 $ 333 Fiscal 2025 537 Fiscal 2026 25 Fiscal 2027 450 Fiscal 2028 100 Thereafter 1,500

Leases

Leases	12 Months Ended
	Jun. 30, 2023
Leases [Abstract]
Leases	NOTE 10. LEASES Summary of leases The Company's operating leases primarily consist of real estate, including office space, warehouse space and printing facilities, and satellite transponders. The Company’s finance leases consist of certain satellite transponders. The Company’s operating leases generally include options to extend the lease term or terminate the lease. Such options do not impact the Company’s lease term assessment until the Company is reasonably certain that the option will be exercised. 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 and finance leases included in the Statements of Operations was as follows: For the fiscal years ended June 30, 2023 2022 2021 Income Statement Location (in millions) Operating lease costs Selling, general and administrative $ 121 $ 125 $ 135 Operating lease costs Operating expenses 32 36 37 Finance lease costs Depreciation and amortization 25 27 27 Finance lease costs Interest expense, net 2 3 4 Short term lease costs Operating expenses 16 12 15 Variable lease costs Selling, general and administrative 24 24 28 Total lease costs $ 220 $ 227 $ 246 Additional information related to the Company’s operating and finance leases under ASU 2016-02: As of June 30, 2023 As of June 30, 2022 Operating Leases Finance Leases Operating Leases Finance Leases Weighted-average remaining lease term 13.7 years 1.8 years 11.0 years 2.8 years Weighted-average incremental borrowing rate 5.11 % 3.64 % 3.56 % 3.64 % For the fiscal years ended June 30, 2023 2022 2021 (in millions) Cash paid - Operating lease liabilities $ 172 $ 182 $ 184 Cash paid - Finance lease liabilities - principal 24 27 30 Cash paid - Finance lease liabilities - interest 2 3 4 Operating lease right-of-use assets obtained in exchange for operating lease liabilities 248 72 25 Future minimum lease payments as of June 30, 2023 are as follows: As of June 30, 2023 Operating Leases Finance Leases (in millions) Fiscal 2024 $ 169 $ 28 Fiscal 2025 158 15 Fiscal 2026 141 — Fiscal 2027 137 — Fiscal 2028 100 — Thereafter 1,084 — Total future minimum lease payments $ 1,789 $ 43 Less: interest (549) (1) Present value of minimum payments $ 1,240 $ 42
Leases	NOTE 10. LEASES Summary of leases The Company's operating leases primarily consist of real estate, including office space, warehouse space and printing facilities, and satellite transponders. The Company’s finance leases consist of certain satellite transponders. The Company’s operating leases generally include options to extend the lease term or terminate the lease. Such options do not impact the Company’s lease term assessment until the Company is reasonably certain that the option will be exercised. 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 and finance leases included in the Statements of Operations was as follows: For the fiscal years ended June 30, 2023 2022 2021 Income Statement Location (in millions) Operating lease costs Selling, general and administrative $ 121 $ 125 $ 135 Operating lease costs Operating expenses 32 36 37 Finance lease costs Depreciation and amortization 25 27 27 Finance lease costs Interest expense, net 2 3 4 Short term lease costs Operating expenses 16 12 15 Variable lease costs Selling, general and administrative 24 24 28 Total lease costs $ 220 $ 227 $ 246 Additional information related to the Company’s operating and finance leases under ASU 2016-02: As of June 30, 2023 As of June 30, 2022 Operating Leases Finance Leases Operating Leases Finance Leases Weighted-average remaining lease term 13.7 years 1.8 years 11.0 years 2.8 years Weighted-average incremental borrowing rate 5.11 % 3.64 % 3.56 % 3.64 % For the fiscal years ended June 30, 2023 2022 2021 (in millions) Cash paid - Operating lease liabilities $ 172 $ 182 $ 184 Cash paid - Finance lease liabilities - principal 24 27 30 Cash paid - Finance lease liabilities - interest 2 3 4 Operating lease right-of-use assets obtained in exchange for operating lease liabilities 248 72 25 Future minimum lease payments as of June 30, 2023 are as follows: As of June 30, 2023 Operating Leases Finance Leases (in millions) Fiscal 2024 $ 169 $ 28 Fiscal 2025 158 15 Fiscal 2026 141 — Fiscal 2027 137 — Fiscal 2028 100 — Thereafter 1,084 — Total future minimum lease payments $ 1,789 $ 43 Less: interest (549) (1) Present value of minimum payments $ 1,240 $ 42

Financial Instruments and Fair

Financial Instruments and Fair Value Measurements	12 Months Ended
	Jun. 30, 2023
Fair Value Disclosures [Abstract]
Financial Instruments and Fair Value Measurements	NOTE 11. FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS In accordance with 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: June 30, 2023 June 30, 2022 Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Total (in millions) Assets: Interest rate derivatives - cash flow hedges $ — $ 41 $ — $ 41 $ — $ 24 $ — $ 24 Foreign currency derivatives - cash flow hedges — 2 — 2 — 1 — 1 Cross-currency interest rate derivatives - fair value hedges — 9 — 9 — 19 — 19 Cross-currency interest rate derivatives — 37 — 37 — 79 — 79 Equity securities (a) 105 — 130 235 109 — 103 212 Total assets $ 105 $ 89 $ 130 $ 324 $ 109 $ 123 $ 103 $ 335 Liabilities: Cross-currency interest rate derivatives - fair value hedges — (1) — (1) — — — — Cross-currency interest rate derivatives — (2) — (2) — — — — Total liabilities $ — $ (3) $ — $ (3) $ — $ — $ — $ — ________________________ (a) See Note 6—Investments. 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 fiscal year ended June 30, 2023 2022 (in millions) Balance—beginning of year $ 103 $ 116 Additions (a) 31 28 Sales (3) — Returns of capital (6) (45) Measurement adjustments 1 23 Foreign exchange and other (b) 4 (19) Balance—end of year $ 130 $ 103 ________________________ (a) Primarily relates to Dow Jones’ investment in an artificial intelligence-focused data analytics company during the fiscal year ended June 30, 2023. (b) During the fiscal year ended June 30, 2022, the Company reclassified its investment in an equity security from Level 3 to Level 1 within the fair value hierarchy as the investment became publicly traded in the first quarter of fiscal 2022. 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, payments for customer premise equipment and certain programming rights; and • interest rate risk: arising from fixed and floating rate Foxtel Debt Group and News Corporation borrowings. The Company formally designates qualifying derivatives as hedge relationships (“hedges”) and applies hedge accounting when considered appropriate. The Company does not use derivative financial instruments for trading or speculative purposes. Derivatives are classified as current or non-current in the Balance Sheets based on their maturity dates. Refer to the table below for further details: Fair value as of June 30, Balance Sheet Location 2023 2022 (in millions) Interest rate derivatives - cash flow hedges Other current assets $ 21 $ 4 Foreign currency derivatives - cash flow hedges Other current assets 2 1 Cross-currency interest rate derivatives - fair value hedges Other current assets — 11 Cross-currency interest rate derivatives Other current assets 1 46 Interest rate derivatives - cash flow hedges Other non-current assets 20 20 Cross-currency interest rate derivatives - fair value hedges Other non-current assets 9 8 Cross-currency interest rate derivatives Other non-current assets 36 33 Cross-currency interest rate derivatives - fair value hedges Other current liabilities (1) — Cross-currency interest rate derivatives Other current liabilities (2) — Cash flow hedges The Company utilizes a combination of foreign currency derivatives and 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 and certain programming rights. The total notional value of foreign currency contract derivatives designated for hedging was $83 million as of June 30, 2023. The maximum hedged term over which the Company is hedging exposure to foreign currency fluctuations is one year. As of June 30, 2023, the Company estimates that approximately $1 million of net derivative gains related to its foreign currency contract derivative cash flow hedges included in Accumulated other comprehensive loss will be reclassified into the Statements of Operations within the next 12 months. The total notional value of interest rate swap derivatives designated for hedging was approximately A$250 million and $497 million as of June 30, 2023 for Foxtel Debt Group and News Corporation borrowings, respectively. The maximum hedged term over which the Company is hedging exposure to variability in interest payments is to March 2027. As of June 30, 2023, the Company estimates that approximately $22 million of net derivative gains related to its interest rate swap derivative cash flow hedges included in Accumulated other comprehensive loss will be reclassified into the Statements of Operations within the next 12 months. Cash flow derivatives The Company utilizes cross-currency interest rate derivatives to mitigate currency exchange and interest rate risk in relation to future interest and principal payments. The Company determined that these cash flow hedges no longer qualified as highly effective as of December 31, 2020 primarily due to changes in foreign exchange and interest rates. Amounts recognized in Accumulated other comprehensive loss during the periods the hedges were considered highly effective will continue to be reclassified out of Accumulated other comprehensive loss over the remaining term of the derivatives. Changes in the fair values of these derivatives will be recognized within Other, net in the Statements of Operations on a prospective basis. The total notional value of cross-currency interest rate swaps for which the Company discontinued hedge accounting was approximately $120 million as of June 30, 2023. The maximum hedged term over which the Company is hedging exposure to variability in interest and principal payments is to July 2024. As of June 30, 2023, the Company estimates that approximately $1 million of net derivative gains related to its cross-currency interest rate swap derivatives included in Accumulated other comprehensive loss will be reclassified into the Statements of Operations within the next 12 months. The following tables present the impact that changes in the fair values had on Accumulated other comprehensive loss and the Statements of Operations during the fiscal years ended June 30, 2023, 2022 and 2021 for both derivatives designated as cash flow hedges that continue to be highly effective and derivatives initially designated as cash flow hedges but for which hedge accounting was discontinued as of December 31, 2020: Gain (loss) recognized in Accumulated Other Comprehensive Loss for the fiscal year ended June 30, Income statement location 2023 2022 2021 (in millions) Foreign currency derivatives—cash flow hedges $ — $ 2 $ 3 Operating expenses Cross-currency interest rate derivatives — — (15) Interest expense, net Interest rate derivatives—cash flow hedges 29 30 — Interest expense, net Total $ 29 $ 32 $ (12) (Gain) loss reclassified from Accumulated Other Comprehensive Loss for the fiscal year ended June 30, Income statement location 2023 2022 2021 (in millions) Foreign currency derivatives—cash flow hedges $ — $ — $ (1) Operating expenses Cross-currency interest rate derivatives (1) (4) 11 Interest expense, net Interest rate derivatives—cash flow hedges (12) (2) 5 Interest expense, net Total $ (13) $ (6) $ 15 The amounts recognized in Other, net in the Statements of Operations resulting from the changes in fair value of cross-currency interest rate derivatives that were discontinued as cash flow hedges due to hedge ineffectiveness as of December 31, 2020 were gains of approximately $4 million, $25 million and $11 million for the fiscal years ended June 30, 2023, 2022 and 2021, respectively. Fair value hedges Borrowings in Australia 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. During the fiscal year ended June 30, 2023, such adjustments increased the carrying value of borrowings by nil. The total notional value of the fair value hedges was approximately $30 million as of June 30, 2023. The maximum hedged term over which the Company is hedging exposure to variability in interest payments is to July 2024. During fiscal 2023, 2022 and 2021, the amount recognized in the Statements 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 June 30, 2023 and 2022: As of June 30, 2023 2022 Borrowings: (in millions) Carrying amount of hedged item $ 28 $ 68 Cumulative hedging adjustments included in the carrying amount — 2 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. Other Fair Value Measurements As of June 30, 2023, the carrying value of the Company’s outstanding borrowings approximates the fair value. The 2022 Senior Notes, 2021 Senior Notes and U.S. private placement borrowings are classified as Level 2 and the remaining borrowings are classified as Level 3 in the fair value hierarchy.

Stockholders' Equity

Stockholders' Equity	12 Months Ended
	Jun. 30, 2023
Stockholders' Equity Note [Abstract]
Stockholders' Equity	NOTE 12. STOCKHOLDERS’ EQUITY Authorized Capital Stock The Company’s authorized capital stock consists of 1,500,000,000 shares of Class A Common Stock, par value $0.01 per share, 750,000,000 shares of Class B Common Stock, par value $0.01 per share, 25,000,000 shares of Series Common Stock, par value $0.01 per share, and 25,000,000 shares of Preferred Stock, par value $0.01 per share. Common Stock and Preferred Stock Shares Outstanding —As of June 30, 2023, the Company had approximately 380 million shares of Class A Common Stock outstanding at a par value of $0.01 per share and approximately 192 million shares of Class B Common Stock outstanding at a par value of $0.01 per share. As of June 30, 2023, the Company had no shares of Series Common Stock or Preferred Stock outstanding. Dividends— The following table summarizes the dividends declared and paid per share on both the Company’s Class A Common Stock and Class B Common Stock: For the fiscal years ended June 30, 2023 2022 2021 Cash dividends paid per share $ 0.20 $ 0.20 $ 0.20 The timing, declaration, amount and payment of future dividends to stockholders, if any, is within the discretion of the Company’s Board of Directors (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. Voting Rights —Holders of the Company’s Class A Common Stock are entitled to vote only in the limited circumstances set forth in the Company’s Restated Certificate of Incorporation (the “Charter”). Holders of the Company’s Class B Common Stock are entitled to one vote for each share held of record on all matters submitted to a vote of the stockholders. Liquidation Rights —In the event of a liquidation or dissolution of the Company, holders of Class A Common Stock and Class B Common Stock shall be entitled to receive all of the remaining assets of the Company available for distribution to its stockholders, ratably in proportion to the number of shares held by Class A Common Stock holders and Class B Common Stock holders, respectively. In the event of any merger or consolidation with or into another entity, the holders of Class A Common Stock and the holders of Class B Common Stock shall generally be entitled to receive substantially identical per share consideration. Under the Company’s Charter, the Board of Directors is authorized to issue shares of preferred stock or series common stock at any time, without stockholder approval, in one or more series and to fix the number of shares, designations, voting powers, if any, preferences and relative, participating, optional and other rights of such series, as well as any applicable qualifications, limitations or restrictions, to the full extent permitted by Delaware law, subject to the limitations set forth in the Charter, including stockholder approval requirements with respect to the issuance of preferred stock or series common stock entitling holders thereof to more than one vote per share. Stock Repurchases The Board of Directors has authorized a stock repurchase program to purchase up to $1 billion in the aggregate of the Company’s outstanding Class A Common Stock and Class B Common Stock (the “Repurchase Program”). The manner, timing, number and share price of any repurchases will be determined by the Company at its discretion and will depend upon such factors as the market price of the stock, general market conditions, applicable securities laws, alternative investment opportunities and other factors. The Repurchase Program has no time limit and may be modified, suspended or discontinued at any time. As of June 30, 2023, the remaining authorized amount under the Repurchase Program was approximately $577 million. Stock repurchases under the Repurchase Program commenced on November 9, 2021. During the fiscal year ended June 30, 2023, the Company repurchased and subsequently retired 9.5 million shares of Class A Common Stock for approximately $159 million and 4.7 million shares of Class B Common Stock for approximately $81 million. During the fiscal year ended June 30, 2022, the Company repurchased and subsequently retired 5.8 million shares of Class A Common Stock for approximately $122 million and 2.9 million shares of Class B Common Stock for approximately $61 million. The Company did not purchase any of its Class A Common Stock or Class B Common Stock during the fiscal year ended June 30, 2021. Stockholders Agreement In September 2021, the Company entered into a stockholders agreement (the “Stockholders Agreement”) with the Murdoch Family Trust (the “MFT”) pursuant to which the MFT and the Company have agreed not to take actions that (i) would result in the MFT and Murdoch family members, including K. Rupert Murdoch, the Company’s Executive Chair, and Lachlan K. Murdoch, the Company’s Co-Chair, together owning more than 44% of the outstanding voting power of the shares of the

Equity-Based Compensation

Equity-Based Compensation	12 Months Ended
	Jun. 30, 2023
Share-Based Payment Arrangement [Abstract]
Equity-Based Compensation	NOTE 13. EQUITY-BASED COMPENSATION Employees, Directors and other service providers of the Company (“participants”) are eligible to participate in the News Corporation 2013 Long-Term Incentive Plan (as amended and restated, the “2013 LTIP”), which provides for equity-based compensation including performance stock units (“PSUs”), restricted stock units (“RSUs”) and other types of awards. The Company has the ability to award up to 50 million shares of Class A Common Stock under the terms of the 2013 LTIP. All shares of Class A Common Stock reserved for cancelled or forfeited equity-based compensation awards under the 2013 LTIP become available for future grants. The following table summarizes the Company’s equity-based compensation expense reported in the Statements of Operations: For the fiscal years ended June 30, 2023 2022 2021 (in millions) Total equity compensation expense $ 92 $ 59 $ 128 As of June 30, 2023, the total compensation cost not yet recognized for all unvested awards held by participants was approximately $66 million and is expected to be recognized over a weighted average period of between one The tax benefit recognized on PSUs and RSUs for participants that vested during the applicable fiscal year was $11 million, $25 million and $18 million for the fiscal years ended June 30, 2023, 2022 and 2021, respectively. Summary of Incentive Plans The fair value of equity-based compensation granted under the 2013 LTIP is calculated according to the type of award issued. Cash-settled awards are marked-to-market at the end of each reporting period. Performance Stock Units PSUs are grants that entitle the holder to shares of the Company’s Class A Common Stock or the cash equivalent value of such shares based on the achievement of pre-established performance metrics over the applicable performance period. The fair value of PSUs is determined on the date of grant and expensed using a straight-line method over the applicable vesting period. The expense is adjusted to reflect the number of shares expected to vest based on management’s determination of the probable achievement of the pre-established performance metrics. The Company records a cumulative adjustment in periods in which its estimate of the number of shares expected to vest changes. Additionally, the Company ultimately adjusts the expense recognized to reflect the actual vested shares following the final determination of the achievement of the performance conditions. Any person who holds PSUs shall have no ownership interest in the shares or cash to which such PSUs relate unless and until the shares or cash are delivered to the holder. Each PSU is entitled to receive dividend equivalents for each regular cash dividend on the Class A Common Stock paid by the Company during the award period, subject to the same terms and conditions as apply to the underlying award. During fiscal 2023, 2022 and 2021, certain participants in the 2013 LTIP received grants of PSUs which have a three three three During fiscal 2023, 2022 and 2021, the Company granted approximately 1.4 million, 1.0 million and 1.6 million PSUs, respectively, at target to participants, of which approximately 0.8 million, 0.6 million and 0.8 million PSUs, respectively, will be settled in Class A Common Stock, with the remaining PSUs, which are granted to executive Directors and to employees in certain foreign locations, being settled in cash, assuming performance conditions are met. During fiscal 2023, 2022 and 2021, approximately 2.8 million, 3.0 million and 3.6 million PSUs respectively, vested, of which approximately 1.3 million, 1.0 million and 1.2 million PSUs, respectively, were settled in cash for approximately $25 million, $24 million and $18 million, respectively, before statutory tax withholdings. The remaining PSUs that vested during fiscal 2023, 2022 and 2021 were settled in Class A Common Stock having a fair value of approximately $27 million, $42 million and $36 million, respectively, before statutory tax withholdings. Restricted Stock Units RSUs are grants that entitle the holder to shares of the Company’s Class A Common Stock or the cash equivalent value of such shares. The fair value of RSUs is based upon the fair market value of the shares underlying the awards on the grant date and expensed using a straight-line method over the applicable vesting period. Any person who holds RSUs shall have no ownership interest in the shares or cash to which such RSUs relate unless and until the shares or cash are delivered to the holder. Each RSU is entitled to receive dividend equivalents for each regular cash dividend on the Class A Common Stock paid by the Company during the award period, subject to the same terms and conditions as apply to the underlying award. During fiscal 2023, 2022 and 2021, certain participants in the 2013 LTIP received grants of time-vested RSUs. Vesting of the awards is subject to the participants’ continued service with the Company through the applicable vesting date. During the fiscal years ended June 30, 2023, 2022 and 2021, 4.2 million, 3.0 million and 3.4 million RSUs, respectively, were granted to participants, of which approximately 0.8 million, 0.6 million and 1.0 million RSUs, respectively, which are granted to employees in certain foreign locations, will be settled in cash, with the remaining RSUs outstanding being settled in Class A Common Stock. These RSUs have graded vesting primarily over three years. During fiscal 2023, 2022 and 2021, approximately 2.7 million, 2.1 million and 1.6 million RSUs, respectively, vested, of which approximately 0.7 million, 0.5 million and 0.3 million RSUs, respectively, were settled in cash for approximately $13 million, $13 million and $4 million, respectively, before statutory tax withholdings. The remaining RSUs that vested during fiscal 2023, 2022 and 2021 were settled in Class A Common Stock having a fair value of approximately $39 million, $41 million and $21 million, respectively, before statutory tax withholdings. The following table summarizes the activity related to the target PSUs and RSUs granted to participants that will be settled in shares of the Company (PSUs and RSUs in thousands): Fiscal 2023 Fiscal 2022 Fiscal 2021 Number of shares Weighted average grant- date fair value Number of shares Weighted average grant- date fair value Number of shares Weighted average grant- date fair value PSUs and RSUs Unvested units at beginning of the year 6,297 $ 18.65 7,022 $ 14.61 7,717 $ 13.39 Granted (a) 4,665 18.13 3,475 21.96 3,546 15.59 Vested (3,487) 16.32 (3,526) 13.56 (3,676) 13.30 Cancelled (b) (711) 19.59 (674) 19.12 (565) 15.05 Unvested units at the end of the year 6,764 $ 19.40 6,297 $ 18.65 7,022 $ 14.61 ________________________ (a) For fiscal 2023, includes 0.8 million target PSUs and 3.4 million RSUs granted and a payout adjustment of 0.5 million PSUs due to the actual performance level achieved for PSUs granted in fiscal 2020 that vested during fiscal 2023. For fiscal 2022, includes 0.6 million target PSUs and 2.4 million RSUs granted and a payout adjustment of 0.5 million PSUs due to the actual performance level achieved for PSUs granted in fiscal 2019 that vested during fiscal 2022. For fiscal 2021, includes 0.8 million target PSUs and 2.4 million RSUs granted and a payout adjustment of 0.3 million PSUs due to the actual performance level achieved for PSUs granted in fiscal 2018 that vested during fiscal 2021. (b) For fiscal 2023, includes 0.1 million of target PSUs and 0.6 million RSUs cancelled. For fiscal 2022, includes 0.2 million of target PSUs and 0.5 million RSUs cancelled. For fiscal 2021, includes 0.3 million of target PSUs and 0.3 million RSUs cancelled.

Earnings (Loss) Per Share

Earnings (Loss) Per Share	12 Months Ended
	Jun. 30, 2023
Earnings Per Share [Abstract]
Earnings (Loss) Per Share	NOTE 14. EARNINGS (LOSS) PER SHARE The following tables set forth the computation of basic and diluted earnings (loss) per share under ASC 260, “Earnings per Share”: For the fiscal years ended June 30, 2023 2022 2021 (in millions, except per share amounts) Net income $ 187 $ 760 $ 389 Less: Net income attributable to noncontrolling interests (38) (137) (59) Net income attributable to News Corporation stockholders $ 149 $ 623 $ 330 Weighted-average number of shares of common stock outstanding—basic 576.4 589.5 590.4 Dilutive effect of equity awards 2.4 3.0 3.0 Weighted-average number of shares of common stock outstanding—diluted 578.8 592.5 593.4 Net income attributable to News Corporation stockholders per share - basic $ 0.26 $ 1.06 $ 0.56 Net income attributable to News Corporation stockholders per share - diluted $ 0.26 $ 1.05 $ 0.56

Related Party Transactions

Related Party Transactions	12 Months Ended
	Jun. 30, 2023
Related Party Transactions [Abstract]
Related Party Transactions	NOTE 15. RELATED PARTY TRANSACTIONS Related Party Transactions In the ordinary course of business, the Company enters into transactions with related parties to purchase and/or sell advertising and administrative services. The Company has also previously entered into transactions with related parties to sell certain broadcast rights. The following table sets forth the net revenue from related parties included in the Statements of Operations: For the fiscal years ended June 30, 2023 2022 2021 (in millions) Related party revenue (expense), net $ (11) $ (10) $ (35) The following table sets forth the amount of receivables due from and payables due to related parties outstanding on the Balance Sheets: As of June 30, 2023 2022 (in millions) Accounts receivable from related parties $ 8 $ 14 Accounts payable to related parties 7 10

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Jun. 30, 2023
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	NOTE 16. COMMITMENTS AND CONTINGENCIES Commitments The Company has commitments under certain firm contractual arrangements (“firm commitments”) to make future payments. These firm commitments secure the current and future rights to various assets and services to be used in the normal course of operations. The following table summarizes the Company’s material firm commitments as of June 30, 2023: As of June 30, 2023 Payments Due by Period Total Less than 1 year 1-3 years 3-5 years More than 5 years (in millions) Purchase obligations (a) $ 1,584 $ 562 $ 620 $ 355 $ 47 Sports programming rights (b) 3,732 501 1,073 950 1,208 Programming costs (c) 1,444 430 528 359 127 Operating leases (d) Transmission costs (e) 132 24 32 30 46 Land and buildings 1,606 136 257 199 1,014 Plant and machinery 8 4 4 — — Finance leases Transmission costs (e) 43 28 15 — — Borrowings (f) 2,945 333 562 550 1,500 Interest payments on borrowings (g) 613 120 189 163 141 Total commitments and contractual obligations $ 12,107 $ 2,138 $ 3,280 $ 2,606 $ 4,083 ________________________ (a) The Company has commitments under purchase obligations related to minimum subscriber guarantees for license fees, printing contracts, capital projects, marketing agreements, production services and other legally binding commitments. (b) The Company has sports programming rights commitments with the National Rugby League, Australian Football League and Cricket Australia, as well as certain other broadcast rights which are payable through fiscal 2032. (c) The Company has programming rights commitments with various suppliers for programming content. (d) The Company leases office facilities, warehouse facilities, printing plants, satellite services and equipment. These leases, which are classified as operating leases, are expected to be paid at certain dates through fiscal 2048. Amounts reflected represent only the Company’s lease obligations for which it has firm commitments. (e) The Company has contractual commitments for satellite transmission services. The Company’s satellite transponder services arrangements extend through fiscal 2032 and are accounted for as operating or finance leases, based on the underlying terms of those arrangements. (f) See Note 9—Borrowings. (g) Reflects the Company’s expected future interest payments based on borrowings outstanding and interest rates applicable at June 30, 2023. Such rates are subject to change in future periods. See Note 9—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 In May 2020, the Company sold its News America Marketing business. In the transaction, the Company retained certain liabilities, including those arising from the legal proceedings with Insignia Systems, Inc. (“Insignia”) and Valassis Communications, Inc. (“Valassis”) described below. Insignia Systems, Inc. In July 2019, 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 Services L.L.C. (“NAM In-Store”) and News Corporation (together, the “NAM Parties”) alleging violations of federal and state antitrust laws and common law business torts. The complaint sought treble damages, injunctive relief and attorneys’ fees and costs. In July 2022, the parties agreed to settle the litigation and Insignia’s claims were dismissed with prejudice. Valassis Communications, Inc. In November 2013, Valassis filed a complaint in the U.S. District Court for the Eastern District of Michigan against the NAM Parties and News America Incorporated, which was subsequently transferred to the U.S. District Court for the Southern District of New York (the “N.Y. District Court”). The complaint alleged violations of federal and state antitrust laws and common law business torts and sought treble damages, injunctive relief and attorneys’ fees and costs. The trial began on June 29, 2021, and in July 2021, the parties agreed to settle the litigation and Valassis’s claims were dismissed with prejudice. HarperCollins Beginning in February 2021, a number of purported class action complaints have been filed in the N.Y. District Court against Amazon.com, Inc. (“Amazon”) and certain publishers, including the Company’s subsidiary, HarperCollins Publishers, L.L.C. (“HarperCollins” and together with the other publishers, the “Publishers”), alleging violations of antitrust and competition laws. The complaints seek treble damages, injunctive relief and attorneys’ fees and costs. In September 2022, the N.Y. District Court granted Amazon and the Publishers’ motions to dismiss the complaints but gave the plaintiffs leave to amend. The plaintiffs filed amended complaints in both cases in November 2022, and in January 2023, Amazon and the Publishers filed motions to dismiss the amended complaints. While it is not possible at this time to predict with any degree of certainty the ultimate outcome of these actions, HarperCollins 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 , and at The Sun , and related matters (the “U.K. Newspaper Matters”). The Company has admitted liability in many civil cases and has settled a number of cases. The Company also settled a number of claims through a private compensation scheme which was closed to new claims after April 8, 2013. In connection with the Separation, 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 June 28, 2013 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 with the Company or 21st Century Fox. 21st Century Fox’s indemnification obligations with respect to these matters are settled on an after-tax basis. In March 2019, as part of the separation of FOX Corporation (“FOX”) from 21st Century Fox, the Company, News Corp Holdings UK & Ireland, 21st Century Fox and FOX entered into a Partial Assignment and Assumption Agreement, pursuant to which, among other things, 21st Century Fox assigned, conveyed and transferred to FOX all of its indemnification obligations with respect to the U.K. Newspaper Matters. The net expense related to the U.K. Newspaper Matters in Selling, general and administrative was $16 million, $11 million and $10 million for the fiscal years ended June 30, 2023, June 30, 2022 and June 30, 2021, respectively. As of June 30, 2023, the Company has provided for its best estimate of the liability for the claims that have been filed and costs incurred, including liabilities associated with employment taxes, and has accrued approximately $110 million. The amount to be indemnified by FOX of approximately $115 million was recorded as a receivable in Other current assets on the Balance Sheet as of June 30, 2023. 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 review and examination by various tax authorities. Tax authorities may not agree with the treatment of items reported in the Company’s tax returns, and therefore the outcome of tax reviews and examinations can be unpredictable. 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.

Retirement Benefit Obligations

Retirement Benefit Obligations	12 Months Ended
	Jun. 30, 2023
Retirement Benefits [Abstract]
Retirement Benefit Obligations	NOTE 17. RETIREMENT BENEFIT OBLIGATIONS The Company’s employees participate in various defined benefit pension and postretirement plans sponsored by the Company and its subsidiaries. Plans in the U.S., U.K., Australia, and other foreign plans are accounted for as defined benefit pension plans. Accordingly, the funded and unfunded position of each plan is recorded in the Balance Sheets. Actuarial gains and losses that have not yet been recognized through net income are recorded in Accumulated other comprehensive loss, net of taxes, until they are amortized as a component of net periodic benefit cost. The determination of benefit obligations and the recognition of expenses related to the plans are dependent on various assumptions. The major assumptions primarily relate to discount rates, expected long-term rates of return on plan assets and mortality rates. Management develops each assumption using relevant company experience in conjunction with market-related data for each individual country in which such plans exist. The funded status of the plans can change from year to year, but the assets of the funded plans have been sufficient to pay all benefits that came due in each of fiscal 2023, 2022 and 2021. Summary of Funded Status The Company uses a June 30 measurement date for all pension and postretirement benefit plans. The combined domestic and foreign pension and postretirement benefit plans resulted in a net pension and postretirement benefits liability of $13 million and $32 million at June 30, 2023 and 2022, respectively. The Company recognized these amounts in the Balance Sheets at June 30, 2023 and 2022 as follows: Pension Benefits Domestic Foreign Postretirement Total 2023 2022 2023 2022 2023 2022 2023 2022 (in millions) Other non-current assets $ — $ — $ 134 $ 133 $ — $ — $ 134 $ 133 Other current liabilities — — (6) (2) (7) (8) (13) (10) Retirement benefit obligations (37) (40) (45) (55) (52) (60) (134) (155) Net amount recognized $ (37) $ (40) $ 83 $ 76 $ (59) $ (68) $ (13) $ (32) The following table sets forth the change in the projected benefit obligation, change in the fair value of the Company’s plan assets and funded status: Pension Benefits Domestic Foreign Postretirement Total As of June 30, 2023 2022 2023 2022 2023 2022 2023 2022 (in millions) Projected benefit obligation, beginning of the year $ 260 $ 339 $ 755 $ 1,124 $ 68 $ 86 $ 1,083 $ 1,549 Service cost — — 1 1 — — 1 1 Interest cost 11 7 27 17 2 1 40 25 Benefits paid (21) (18) (42) (43) (7) (7) (70) (68) Settlements (a) — (12) (5) (12) — — (5) (24) Actuarial gain (b) (9) (56) (114) (216) (4) (11) (127) (283) Foreign exchange rate changes — — 24 (116) — (1) 24 (117) Projected benefit obligation, end of the year 241 260 646 755 59 68 946 1,083 Change in the fair value of plan assets for the Company’s benefit plans: Fair value of plan assets, beginning of the year 220 285 831 1,162 — — 1,051 1,447 Actual return on plan assets 5 (49) (97) (166) — — (92) (215) Employer contributions — 14 14 15 — — 14 29 Benefits paid (21) (18) (42) (43) — — (63) (61) Settlements (a) — (12) (5) (12) — — (5) (24) Foreign exchange rate changes — — 28 (125) — — 28 (125) Fair value of plan assets, end of the year 204 220 729 831 — — 933 1,051 Funded status $ (37) $ (40) $ 83 $ 76 $ (59) $ (68) $ (13) $ (32) ________________________ (a) Amounts related to payments made to former employees of the Company in full settlement of their pension benefits. (b) Actuarial gains for fiscal 2023 and fiscal 2022 for domestic and international pension plans primarily relate to the increase in discount rates used in measuring plan obligations as of June 30, 2023 and 2022. Amounts recognized in Accumulated other comprehensive loss consist of: Pension Benefits Domestic Foreign Postretirement Total As of June 30, 2023 2022 2023 2022 2023 2022 2023 2022 (in millions) Actuarial losses (gains) $ 118 $ 126 $ 342 $ 325 $ (8) $ (5) $ 452 $ 446 Prior service cost (benefit) — — 7 7 (28) (32) (21) (25) Net amounts recognized $ 118 $ 126 $ 349 $ 332 $ (36) $ (37) $ 431 $ 421 Accumulated pension benefit obligations as of June 30, 2023 and 2022 were $883 million and $1,011 million, respectively. Below is information about funded and unfunded pension plans: Domestic Pension Benefits Funded Plans Unfunded Plans Total As of June 30, 2023 2022 2023 2022 2023 2022 (in millions) Projected benefit obligation $ 234 $ 253 $ 7 $ 7 $ 241 $ 260 Accumulated benefit obligation 234 253 7 7 241 260 Fair value of plan assets 204 220 — — 204 220 Foreign Pension Benefits Funded Plans Unfunded Plans Total As of June 30, 2023 2022 2023 2022 2023 2022 (in millions) Projected benefit obligation $ 599 $ 701 $ 47 $ 54 $ 646 $ 755 Accumulated benefit obligation 595 697 47 54 642 751 Fair value of plan assets 729 831 — — 729 831 The accumulated benefit obligation exceeds the fair value of plan assets for all domestic pension plans. Below is information about foreign pension plans in which the accumulated benefit obligation exceeds the fair value of the plan assets: Foreign Pension Benefits Funded Plans Unfunded Plans Total As of June 30, 2023 2022 2023 2022 2023 2022 (in millions) Projected benefit obligation $ 46 $ 49 $ 47 $ 54 $ 93 $ 103 Accumulated benefit obligation 46 49 47 54 93 103 Fair value of plan assets 43 46 — — 43 46 Summary of Net Periodic Benefit Costs The Company recorded $13 million, nil and $(1) million in net periodic benefit costs (income) in the Statements of Operations for the fiscal years ended June 30, 2023, 2022 and 2021, respectively. The Company utilizes the full yield-curve approach to estimate the service and interest cost components of net periodic benefit costs (income) for its pension and other postretirement benefit plans. The amortization of amounts related to unrecognized prior service costs (credits), deferred losses and settlements, curtailments and other were reclassified out of Other comprehensive income as a component of net periodic benefit costs. The components of net periodic benefit costs (income) were as follows: Pension Benefits Domestic Foreign Postretirement Benefits Total For the fiscal years ended June 30, 2023 2022 2021 2023 2022 2021 2023 2022 2021 2023 2022 2021 (in millions) Service cost benefits earned during the period $ — $ — $ — $ 1 $ 1 $ 2 $ — $ — $ — $ 1 $ 1 $ 2 Interest costs on projected benefit obligations 11 7 7 27 17 16 2 1 2 40 25 25 Expected return on plan assets (11) (15) (13) (32) (36) (37) — — — (43) (51) (50) Amortization of deferred losses 5 5 5 14 14 15 — — — 19 19 20 Amortization of prior service credits — — — — — — (4) (4) (4) (4) (4) (4) Settlements, curtailments and other — 8 5 — 2 1 — — — — 10 6 Net periodic benefit costs (income) – Total $ 5 $ 5 $ 4 $ 10 $ (2) $ (3) $ (2) $ (3) $ (2) $ 13 $ — $ (1) Pension Benefits Domestic Foreign Postretirement Benefits For the fiscal years ended June 30, 2023 2022 2021 2023 2022 2021 2023 2022 2021 Additional information: Weighted-average assumptions used to determine benefit obligations Discount rate 5.4 % 4.9 % 2.9 % 5.4 % 3.9 % 1.9 % 5.5 % 4.6 % 2.4 % Rate of increase in future compensation N/A N/A N/A 3.9 % 3.9 % 3.6 % N/A N/A N/A Weighted-average assumptions used to determine net periodic benefit cost Discount rate for PBO 4.9 % 2.9 % 2.9 % 3.9 % 1.9 % 1.7 % 4.6 % 2.4 % 2.5 % Discount rate for Service Cost N/A 3.3 % 3.4 % 4.8 % 1.8 % 1.8 % 4.9 % 2.8 % 2.9 % Discount rate for Interest on PBO 4.6 % 2.2 % 2.2 % 3.8 % 1.6 % 1.5 % 4.3 % 1.7 % 1.8 % Expected return on plan assets 5.5 % 5.8 % 5.5 % 3.9 % 3.3 % 3.3 % N/A N/A N/A Rate of increase in future compensation N/A N/A N/A 3.9 % 3.6 % 3.1 % N/A N/A N/A ________________________ N/A—not applicable The following assumed health care cost trend rates as of June 30 were also used in accounting for postretirement benefits: Postretirement benefits Fiscal 2023 Fiscal 2022 Health care cost trend rate 6.9 % 6.4 % Rate to which the cost trend rate is assumed to decline (the ultimate trend rate) 5.2 % 4.5 % Year that the rate reaches the ultimate trend rate 2031 2030 The following table sets forth the estimated benefit payments for the next five fiscal years, and in aggregate for the five fiscal years thereafter. The expected benefits are estimated based on the same assumptions used to measure the Company’s benefit obligation at the end of the fiscal year and include benefits attributable to estimated future employee service: Expected Benefit Payments Pension Benefits Postretirement Total Domestic Foreign (in millions) Fiscal year: 2024 $ 21 $ 97 $ 7 $ 125 2025 19 45 7 71 2026 19 43 6 68 2027 19 43 6 68 2028 19 43 6 68 2029-2033 90 209 23 322 Plan Assets The Company applies the provisions of ASC 715, which requires disclosures including: (i) investment policies and strategies; (ii) the major categories of plan assets; (iii) the inputs and valuation techniques used to measure plan assets; (iv) the effect of fair value measurements using significant unobservable inputs on changes in plan assets for the period; and (v) significant concentrations of risk within plan assets. The table below presents the Company’s plan assets by level within the fair value hierarchy, as described in Note 2—Summary of Significant Accounting Policies, as of June 30, 2023 and 2022: Fiscal 2023 Fiscal 2022 Fair Value Measurements at Fair Value Measurements at Total Level 1 Level 2 Level 3 NAV Total Level 1 Level 2 Level 3 NAV (in millions) Assets Pooled funds: (a) Domestic equity funds $ 37 $ — $ — $ — $ 37 $ 37 $ — $ — $ — $ 37 International equity funds 94 — 48 — 46 112 — 67 — 45 Domestic fixed income funds 112 — — — 112 106 — — — 106 International fixed income funds 546 — 444 — 102 666 — 487 — 179 Balanced funds 42 — 42 — — 46 — 46 — — Other 102 78 — 6 18 84 53 — 7 24 Total $ 933 $ 78 $ 534 $ 6 $ 315 $ 1,051 $ 53 $ 600 $ 7 $ 391 ________________________ (a) Open-ended pooled funds that are registered and/or available to the general public are valued at the daily published net asset value (“NAV”). Other pooled funds are valued at the NAV provided by the fund issuer. The table below sets forth a summary of changes in the fair value of investments reflected as Level 3 assets as of June 30, 2023 and 2022: Level 3 (in millions) Balance, June 30, 2021 $ 10 Actual return on plan assets: Relating to assets still held at end of period (2) Relating to assets sold during the period — Purchases, sales, settlements and issuances (1) Transfers in and out of Level 3 — Balance, June 30, 2022 $ 7 Actual return on plan assets: Relating to assets still held at end of period (1) Relating to assets sold during the period — Purchases, sales, settlements and issuances — Transfers in and out of Level 3 — Balance, June 30, 2023 $ 6 The Company’s investment strategy for its pension plans is to maximize the long-term rate of return on plan assets within an acceptable level of risk in order to minimize the cost of providing pension benefits while maintaining adequate funding levels. The Company’s practice is to conduct a periodic strategic review of its asset allocation. The Company’s current broad strategic targets are to have a pension asset portfolio comprised of 16% equity securities, 74% fixed income securities and 10% in cash and other investments. In developing the expected long-term rate of return, the Company considered the pension asset portfolio’s past average rate of returns and future return expectations of the various asset classes. A portion of the other allocation is reserved in cash to provide for expected benefits to be paid in the short term. The Company’s equity portfolios are managed in such a way as to achieve optimal diversity. The Company’s fixed income portfolio is investment grade in the aggregate. The Company does not manage any assets internally. The Company’s benefit plan weighted-average asset allocations, by asset category, are as follows: Pension Assets As of June 30, 2023 2022 Asset Category: Equity securities 15 % 15 % Debt securities 72 % 75 % Cash and other 13 % 10 % Total 100 % 100 % Required pension plan contributions for the next fiscal year are expected to be approximately $23 million; however, actual contributions may be affected by pension asset and liability valuation changes during the year. The Company will continue to make voluntary contributions as necessary to improve funded status.

Other Postretirement Benefits

Other Postretirement Benefits	12 Months Ended
	Jun. 30, 2023
Retirement Benefits [Abstract]
Other Postretirement Benefits	NOTE 18. OTHER POSTRETIREMENT BENEFITS Defined Contribution Plans The Company has defined contribution plans for the benefit of substantially all employees meeting certain eligibility requirements. Employer contributions to such plans were $152 million, $147 million and $142 million for the fiscal years ended June 30, 2023, 2022 and 2021, respectively. Deferred Compensation Plan The Company has non-qualified deferred compensation plans for the benefit of certain management employees. The investment funds offered to the participants generally correspond to the funds offered in the Company’s 401(k) plan, and the account balance fluctuates with the investment returns on those funds. The unfunded obligations of the plans included in Other liabilities as of June 30, 2023 and 2022 were $50 million and $48 million, respectively, and the majority of these plans are closed to new employees.

Income Taxes

Income Taxes	12 Months Ended
	Jun. 30, 2023
Income Tax Disclosure [Abstract]
Income Taxes	NOTE 19. INCOME TAXES Income taxes are recognized for the amount of taxes payable for the current year and for the impact of deferred tax assets and liabilities, which represent future tax consequences of events that have been recognized differently in the financial statements than for tax purposes. Deferred tax assets and liabilities are established using the enacted statutory tax rates and are adjusted for any changes in such rates in the period of change. Income before income tax expense was attributable to the following jurisdictions: For the fiscal years ended June 30, 2023 2022 2021 (in millions) U.S. $ 74 $ 194 $ 266 Foreign 256 618 184 Income before income tax expense $ 330 $ 812 $ 450 The significant components of the Company’s income tax expense were as follows: For the fiscal years ended June 30, 2023 2022 2021 (in millions) Current: U.S. Federal $ 1 $ — $ 5 State & Local 15 9 9 Foreign 125 160 133 Total current tax 141 169 147 Deferred: U.S. Federal (10) 54 (30) State & Local — 4 (1) Foreign 12 (175) (55) Total deferred tax 2 (117) (86) Total income tax expense $ 143 $ 52 $ 61 The reconciliation between the Company’s actual effective tax rate and the statutory U.S. Federal income tax rate was as follows: For the fiscal years ended June 30, 2023 2022 2021 U.S. federal income tax rate 21 % 21 % 21 % State and local taxes, net 4 1 2 Effect of foreign operations (a) 15 7 12 Change in valuation allowance (b) 1 (19) (16) Non-deductible goodwill and asset impairments 4 — 1 Non-deductible compensation and benefits 3 — 4 Remeasurement of deferred tax assets (c) — (2) (7) R&D tax credits (3) (1) (2) Impact of dispositions — (2) — Other (2) 1 (1) Effective tax rate 43 % 6 % 14 % ________________________ (a) The Company’s effective tax rate is impacted by the geographic mix of its pre-tax income. The Company’s foreign operations are located primarily in Australia and the United Kingdom (“U.K.”). Australia has a higher income tax rate than the U.S. and the U.K. has a lower tax rate than the U.S. through the fiscal year ended June 30, 2023. (b) For the fiscal year ended June 30, 2022, the Company released valuation allowances of $156 million, including $149 million related to certain Foreign deferred tax assets. For the fiscal year ended June 30, 2021, the Company released $75 million of valuation allowances, including $64 million related to certain U.S. deferred tax assets. (c) For the fiscal year ended June 30, 2022, the Company recorded a benefit of $18 million related to the remeasurement of its U.K. deferred tax assets. For the fiscal year ended June 30, 2021, the Company recorded a benefit of $34 million related to the remeasurement of its U.K. deferred tax assets which includes the enacted corporate income tax increase resulting from the Finance Act 2021. The Company recognized deferred income taxes in the Balance Sheets as follows: As of June 30, 2023 2022 (in millions) Deferred income tax assets $ 393 $ 422 Deferred income tax liabilities (163) (198) Net deferred tax assets $ 230 $ 224 The significant components of the Company’s deferred tax assets and liabilities were as follows: As of June 30, 2023 2022 (in millions) Deferred tax assets: Accrued liabilities $ 150 $ 181 Capital loss carryforwards 1,163 1,135 Net operating loss carryforwards 360 408 Business tax credits 131 122 Operating lease liabilities 309 278 Other 138 116 Total deferred tax assets 2,251 2,240 Deferred tax liabilities: Asset basis difference and amortization (79) (163) Operating lease right-of-use asset (287) (257) Other (9) (8) Total deferred tax liabilities (375) (428) Net deferred tax asset before valuation allowance 1,876 1,812 Less: valuation allowance (See Note 22—Valuation and Qualifying Accounts) (1,646) (1,588) Net deferred tax assets $ 230 $ 224 As of June 30, 2023, the Company had income tax net operating loss (“NOL”) carryforwards (gross, net of uncertain tax benefits) in various jurisdictions as follows: Jurisdiction Expiration Amount U.S. Federal 2024 to 2037 $ 116 U.S. Federal Indefinite 333 U.S. States Various 730 Australia Indefinite 319 U.K. Indefinite 28 Other Foreign Various 568 Utilization of the NOLs is dependent on generating sufficient taxable income from our operations in each of the respective jurisdictions to which the NOLs relate, while taking into account tax filing groups and limitations and/or restrictions on our ability to use them. Certain of our U.S. federal NOLs were acquired as part of the acquisitions of Move and Harlequin and are subject to limitations as promulgated under Section 382 of the Internal Revenue Code of 1986, as amended (the “Code”). Section 382 of the Code limits the amount of NOLs that we can use on an annual basis to offset consolidated U.S. taxable income. The NOLs are also subject to review by relevant tax authorities in the jurisdictions to which they relate. The Company recorded a deferred tax asset of $360 million and $408 million associated with its NOLs (net of approximately $55 million and $68 million, respectively, of unrecognized tax benefits recorded against deferred tax assets) as of June 30, 2023 and 2022, respectively. Significant judgment is applied in assessing our ability to realize our NOLs. Management assesses the available positive and negative evidence to estimate if sufficient future taxable income will be generated to utilize existing deferred tax assets within the applicable expiration period. On the basis of this evaluation, valuation allowances of $124 million and $122 million have been established to reduce the deferred tax asset associated with the Company’s NOLs to an amount that will more likely than not be realized as of June 30, 2023 and 2022, respectively. For the fiscal year ended June 30, 2022, the Company released valuation allowances related to Australian NOLs of $31 million that are more likely than not to be realized. For the fiscal year ended June 30, 2021, the Company released valuation allowances related to U.S. Federal NOLs of $64 million that are more likely than not to be realized. As of June 30, 2023, the Company had approximately $2.6 billion and $1.6 billion of capital loss carryforwards in Australia and the U.K., respectively. Australia and U.K. capital loss carryforwards may be carried forward indefinitely. The capital loss carryforwards are also subject to review by relevant tax authorities in the jurisdictions to which they relate. Realization of our capital losses is dependent on generating capital gain taxable income and satisfying certain continuity of business requirements. The Company recorded a deferred tax asset of $1.2 billion and $1.1 billion as of June 30, 2023 and 2022 for these capital loss carryforwards. However, it is more likely than not that the Company will not generate capital gain income in the normal course of business in these jurisdictions. Accordingly, valuation allowances of $1.2 billion and $1.1 billion have been established to reduce the capital loss carryforward deferred tax asset to an amount that will more likely than not be realized as of June 30, 2023 and 2022, respectively. As of June 30, 2023, the Company had approximately $90 million of U.S. federal tax credit carryforwards which includes $35 million of foreign tax credits and $55 million of general business credits, which begin to expire in 2026 and 2036, respectively. As of June 30, 2023, the Company had approximately $32 million of non-U.S. tax credit carryforwards which expire in various amounts beginning in 2026 and $11 million of state tax credit carryforwards (net of U.S. federal benefit), which expire in various amounts beginning in 2024. A valuation allowance of $30 million has been established to reduce the deferred tax asset associated with the Company’s U.S. federal tax credits, non-U.S. tax credits and state tax credit carryforwards to an amount that will more likely than not be realized as of June 30, 2023. Uncertain Tax Positions The following table sets forth the change in the Company’s unrecognized tax benefits, excluding interest and penalties: For the fiscal years ended June 30, 2023 2022 2021 (in millions) Balance, beginning of period $ 86 $ 69 $ 63 Additions for prior year tax positions 14 — — Additions for current year tax positions 17 28 4 Reduction for prior year tax positions — (1) (2) Lapse of the statute of limitations (2) (3) (3) Settlement—tax attributes (14) — — Impact of currency translations 4 (7) 7 Balance, end of period $ 105 $ 86 $ 69 The Company recognizes interest and penalty charges related to unrecognized tax benefits as income tax expense, which is consistent with the recognition in prior reporting periods. The Company recognized an expense related to interest and penalties of $1 million for each of the fiscal years ended June 30, 2023, 2022 and 2021. The Company recorded liabilities for accrued interest and penalties of approximately $5 million, $5 million and $4 million as of June 30, 2023, 2022 and 2021, respectively. The Company’s tax returns are subject to on-going review and examination by various tax authorities. Tax authorities may not agree with the treatment of items reported in our tax returns, and therefore the outcome of tax reviews and examinations can be unpredictable. The Company is currently undergoing tax examinations in the U.S., various states and foreign jurisdictions. The Internal Revenue Service has commenced an audit for the fiscal year ended June 30, 2018 which is currently ongoing. 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, the Company may need to accrue additional income tax expense and our liability may need to be adjusted as new information becomes known and as these tax examinations continue to progress, or as settlements or litigations occur. The following is a summary of major tax jurisdictions for which tax authorities may assert additional taxes based upon tax years currently under audit and subsequent years that could be audited by the respective taxing authorities. Jurisdiction Fiscal Years Open to Examination U.S. federal 2018, 2020-2022 U.S. states Various Australia 2015-2022 U.K. 2011-2022 It is reasonably possible that uncertain tax positions may increase or decrease in the next fiscal year, however, actual developments in this area could differ from those currently expected. As of June 30, 2023, approximately $53 million would affect the Company’s effective income tax rate, if and when recognized in future fiscal years. It is reasonably possible, the amount of uncertain tax liabilities which may be resolved within the next fiscal year is between the range of approximately nil and $25 million, a portion of which will affect our effective income tax rate, primarily as a result of the settlement of tax examinations and the lapsing of statutes of limitations. Other The Inflation Reduction Act ("IRA") was signed into law on August 16, 2022. The IRA implements a 15% corporate minimum tax on corporations with over $1 billion of financial statement income, a 1% excise tax on stock repurchases, and several tax incentives to promote clean energy. On December 27, 2022, the U.S. Treasury Department provided additional guidance on the corporate minimum tax and the excise tax on stock repurchases. The Company is not expected to be subject to the corporate minimum tax and it will be subject to the 1% excise tax on stock repurchases. The 1% stock repurchase excise tax is not expected to have a material impact on the Company’s results of operations. The OECD/G20 Inclusive Framework on Base Erosion and Profit Shifting has agreed on a two-pillar approach to address tax challenges arising from the digitalization of the global economy by (1) allocating profits to market jurisdictions (“Pillar One”) and (2) ensuring multinational enterprises pay a minimum level of tax regardless of where the headquarters are located or the jurisdictions in which the company operates (“Pillar Two”). Pillar One targets multinational groups with global revenue exceeding 20 billion Euros and a profit-to-revenue ratio of more than 10%. Companies subject to Pillar One will be required to allocate profits and pay taxes to market jurisdictions. Based on the current proposed revenue and profit thresholds, the Company does not expect to be subject to tax changes associated with Pillar One. Pillar Two establishes a global minimum effective tax rate of 15% for multinational groups with annual global revenue exceeding 750 million Euros. On December 15, 2022, EU Member States unanimously adopted a directive implementing the global minimum tax rules of Pillar Two requiring members to enact the directive into their national laws which are expected to begin going into effect for tax years beginning on January 1, 2024 or later. We are currently evaluating the potential impact of the Pillar Two global minimum tax proposals on our consolidated financial statements and related disclosures. Prior to the enactment of the Tax Act, the Company’s undistributed foreign earnings were considered permanently reinvested and as such, United States federal and state income taxes were not previously recorded on these earnings. As a result of the Tax Act, substantially all of the Company’s earnings in foreign subsidiaries generated prior to the enactment of the Tax Act were deemed to have been repatriated and taxed accordingly. As of June 30, 2023, the Company has approximately $800 million of undistributed foreign earnings that it intends to reinvest permanently. It is not practicable to estimate the amount of tax that might be payable if these earnings were repatriated. The Company may repatriate future earnings of certain foreign subsidiaries in which case the Company may be required to accrue and pay additional taxes, including any applicable foreign withholding taxes and income taxes. During the fiscal years ended June 30, 2023, 2022 and 2021, the Company paid gross income taxes of $150 million, $180 million and $176 million, respectively, and received income tax refunds of $13 million, $3 million and $14 million, respectively.

Segment Information

Segment Information	12 Months Ended
	Jun. 30, 2023
Segment Reporting [Abstract]
Segment Information	NOTE 20. SEGMENT INFORMATION The Company manages and reports its businesses in the following six segments: • Digital Real Estate Services —The Digital Real Estate Services segment consists of the Company’s 61.4% interest in REA Group and 80% interest in Move. The remaining 20% interest in Move is held by REA Group. REA Group is a market-leading digital media business specializing in property and is listed on the Australian Securities Exchange (“ASX”) (ASX: REA). REA Group advertises property and property-related services on its websites and mobile apps, including Australia’s leading residential, commercial and share property websites, realestate.com.au, realcommercial.com.au and Flatmates.com.au, property.com.au and property portals in India. In addition, REA Group provides property-related data to the financial sector and financial services through a digital property search and financing experience and a mortgage broking offering. Move is a leading provider of digital real estate services in the U.S. and primarily operates Realtor.com ® , a premier real estate information, advertising and services platform. Move offers real estate advertising solutions to agents and brokers, including its Connections SM Plus, Market VIP SM and Advantage SM Pro products as well as its referral-based services, ReadyConnect Concierge SM and UpNest. Move also offers online tools and services to do-it-yourself landlords and tenants. • Subscription Video Services —The Company’s Subscription Video Services segment provides sports, entertainment and news services to pay-TV and streaming subscribers and other commercial licensees, primarily via satellite and internet distribution, and consists of (i) the Company’s 65% interest in the Foxtel Group (with the remaining 35% interest held by Telstra, an ASX-listed telecommunications company) and (ii) Australian News Channel (“ANC”). The Foxtel Group is the largest Australian-based subscription television provider. Its Foxtel pay-TV service provides approximately 200 live channels and video on demand covering sports, general entertainment, movies, documentaries, music, children’s programming and news. Foxtel and the Group’s Kayo Sports streaming service offer the leading sports programming content in Australia, with broadcast rights to live sporting events including: National Rugby League, Australian Football League, Cricket Australia and various motorsports programming. The Foxtel Group’s other streaming services include BINGE , its entertainment streaming service, and Foxtel Now, a streaming service that provides access across Foxtel’s live and on-demand content. ANC operates the SKY NEWS network, Australia’s 24-hour multi-channel, multi-platform news service. ANC channels are distributed throughout Australia and New Zealand and available on Foxtel and Sky Network Television NZ. ANC also owns and operates the international Australia Channel IPTV service and offers content across a variety of digital media platforms, including web, mobile and third party providers. • Dow Jones —The Dow Jones segment consists of Dow Jones, a global provider of news and business information whose products target individual consumers and enterprise customers and are distributed through a variety of media channels including newspapers, newswires, websites, mobile apps, newsletters, magazines, proprietary databases, live journalism, video and podcasts. Dow Jones’s consumer products include premier brands such as The Wall Street Journal , Barron’s , MarketWatch and Investor’s Business Daily. Dow Jones’s professional information products, which target enterprise customers, include Dow Jones Risk & Compliance, a leading provider of data solutions to help customers identify and manage regulatory, corporate and reputational risk with tools focused on financial crime, sanctions, trade and other compliance requirements, OPIS, a leading provider of pricing data, news, insights, analysis and other information for energy commodities and key base chemicals, Factiva, a leading provider of global business content, and Dow Jones Newswires, which distributes real-time business news, information and analysis to financial professionals and investors. • 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, Mariner, HarperCollins Children’s Books, Avon, Harlequin and Christian publishers Zondervan and Thomas Nelson, and publishes works by well-known authors such as Harper Lee, George Orwell, Agatha Christie and Zora Neale Hurston, as well as global author brands including J.R.R. Tolkien, C.S. Lewis, Daniel Silva, Karin Slaughter and Dr. Martin Luther King, Jr. It is also home to many beloved children’s books and authors and a significant Christian publishing business. • News Media —The News Media segment consists primarily of News Corp Australia, News UK and the New York Post and includes The Australian, The Daily Telegraph, Herald Sun, The Courier Mail , The Advertiser and the news.com.au website in Australia, The Times, The Sunday Times, The Sun, The Sun on Sunday and thesun.co.uk in the U.K. and the-sun.com in the U.S. This segment also includes Wireless Group, operator of talkSPORT, the leading sports radio network in the U.K., TalkTV in the U.K. and Storyful, a social media content agency. • Other —The Other segment consists primarily of general corporate overhead expenses, strategy costs and costs related to the U.K. Newspaper Matters. 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). For the fiscal years ended June 30, 2023 2022 2021 (in millions) Revenues: Digital Real Estate Services $ 1,539 $ 1,741 $ 1,393 Subscription Video Services 1,942 2,026 2,072 Dow Jones 2,153 2,004 1,702 Book Publishing 1,979 2,191 1,985 News Media 2,266 2,423 2,205 Other — — 1 Total Revenues $ 9,879 $ 10,385 $ 9,358 Segment EBITDA: Digital Real Estate Services $ 457 $ 574 $ 514 Subscription Video Services 347 360 359 Dow Jones 494 433 332 Book Publishing 167 306 303 News Media 156 217 52 Other (201) (221) (287) Depreciation and amortization (714) (688) (680) Impairment and restructuring charges (150) (109) (168) Equity losses of affiliates (127) (13) (65) Interest expense, net (100) (99) (53) Other, net 1 52 143 Income before income tax expense 330 812 450 Income tax expense (143) (52) (61) Net income $ 187 $ 760 $ 389 For the fiscal years ended June 30, 2023 2022 2021 (in millions) Depreciation and amortization: Digital Real Estate Services $ 123 $ 112 $ 101 Subscription Video Services 302 321 332 Dow Jones 152 119 119 Book Publishing 49 49 36 News Media 81 79 84 Other 7 8 8 Total Depreciation and amortization $ 714 $ 688 $ 680 For the fiscal years ended June 30, 2023 2022 2021 (in millions) Capital expenditures: Digital Real Estate Services $ 130 $ 109 $ 78 Subscription Video Services 156 193 142 Dow Jones 91 77 62 Book Publishing 42 37 16 News Media 79 81 84 Other 1 2 8 Total Capital expenditures $ 499 $ 499 $ 390 As of June 30, 2023 2022 (in millions) Total assets: Digital Real Estate Services $ 2,942 $ 2,989 Subscription Video Services 2,812 3,082 Dow Jones 4,305 4,368 Book Publishing 2,629 2,651 News Media 2,023 2,115 Other (a) 1,783 1,528 Investments 427 488 Total assets $ 16,921 $ 17,221 ________________________ (a) The Other segment primarily includes Cash and cash equivalents. As of June 30, 2023 2022 (in millions) Goodwill and intangible assets, net: Digital Real Estate Services $ 1,779 $ 1,823 Subscription Video Services 1,288 1,394 Dow Jones 3,298 3,346 Book Publishing 958 973 News Media 306 304 Other — — Total Goodwill and intangible assets, net $ 7,629 $ 7,840 Geographic Segments For the fiscal years ended June 30, 2023 2022 2021 (in millions) Revenues: (a) U.S. and Canada (b) $ 3,967 $ 4,097 $ 3,550 Europe (c) 1,669 1,808 1,672 Australasia and Other (d) 4,243 4,480 4,136 Total Revenues $ 9,879 $ 10,385 $ 9,358 ________________________ (a) Revenues are attributed to region based on location of customer. (b) Revenues include approximately $3.8 billion for fiscal 2023, $4.0 billion for fiscal 2022 and $3.5 billion for fiscal 2021 from customers in the U.S. (c) Revenues include approximately $1.2 billion for fiscal 2023, $1.4 billion for fiscal 2022 and $1.3 billion for fiscal 2021 from customers in the U.K. (d) Revenues include approximately $3.9 billion for fiscal 2023, $4.2 billion for fiscal 2022 and $3.9 billion for fiscal 2021 from customers in Australia. As of June 30, 2023 2022 (in millions) Long-lived assets: (a) U.S. and Canada $ 1,623 $ 1,513 Europe 843 774 Australasia and Other 1,953 2,091 Total long-lived assets $ 4,419 $ 4,378 ________________________ (a) Reflects total assets less current assets, goodwill, intangible assets, investments and deferred income tax assets. There is no material reliance on any single customer. Revenues are attributed to countries based on location of customers. Australasia comprises Australia, Asia, Papua New Guinea and New Zealand.

Additional Financial Informatio

Additional Financial Information	12 Months Ended
	Jun. 30, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Additional Financial Information	NOTE 21. ADDITIONAL FINANCIAL INFORMATION Other Non-Current Assets The following table sets forth the components of Other non-current assets included in the Balance Sheets: As of June 30, 2023 2022 (in millions) Royalty advances to authors $ 376 $ 403 Retirement benefit assets 134 133 Inventory (a) 267 268 News America Marketing deferred consideration 157 142 Other 407 438 Total Other non-current assets $ 1,341 $ 1,384 ________________________ (a) Primarily consists of the non-current portion of programming rights. Other Current Liabilities The following table sets forth the components of Other current liabilities: As of June 30, 2023 2022 (in millions) Royalties and commissions payable $ 206 $ 215 Current operating lease liabilities 112 139 Allowance for sales returns 154 173 Current tax payable 16 18 Other 465 430 Total Other current liabilities $ 953 $ 975 Other, net The following table sets forth the components of Other, net included in the Statements of Operations: For the fiscal years ended June 30, 2023 2022 2021 (in millions) Remeasurement of equity securities $ (9) $ (59) $ 81 Dividends received from equity security investments 6 20 9 Gain on sale of businesses (a) — 98 18 Gain on remeasurement of previously-held interest (b) — 3 7 Gain on dilution of PropertyGuru investment (c) — 15 — Other 4 (25) 28 Total Other, net $ 1 $ 52 $ 143 ________________________ (a) During the fiscal year ended June 30, 2022, REA Group acquired an 18% interest in PropertyGuru in exchange for all shares of REA Group’s entities in Malaysia and Thailand. The Company recognized a gain of $107 million on the disposition of such entities. During the fiscal year ended June 30, 2021, Move sold the assets associated with its Top Producer professional software and service product and recognized an $18 million gain on the sale. (b) Relates to the acquisition of REA India in the fiscal year ended June 30, 2021. (c) During the fiscal year ended June 30, 2022, PropertyGuru completed its merger with Bridgetown 2 Holdings Limited. As a result of the merger and subsequent investments made in connection with the transaction, REA Group’s ownership interest in PropertyGuru was 17.5% and a gain of $15 million was recorded resulting from its ownership dilution in the transaction. Supplemental Cash Flow Information The following table sets forth the Company’s gross cash paid for taxes and interest: For the fiscal years ended June 30, 2023 2022 2021 (in millions) Cash paid for interest $ 117 $ 96 $ 55 Cash paid for taxes 150 180 176 Accumulated Other Comprehensive Loss The components of Accumulated other comprehensive loss were as follows: For the fiscal years ended June 30, 2023 2022 2021 (in millions) Accumulated other comprehensive loss, net of tax: Cash flow hedge adjustments: Balance, beginning of year 21 — 2 Fiscal year activity (a) 12 21 (2) Balance, end of year 33 21 — Benefit Plan Adjustments: Balance, beginning of year (321) (392) (394) Fiscal year activity (b) (7) 71 2 Balance, end of year (328) (321) (392) Foreign currency translation adjustments: Balance, beginning of year (970) (549) (939) Fiscal year activity 18 (421) 390 Balance, end of year (952) (970) (549) Total accumulated other comprehensive loss, net of tax: Balance, beginning of year (1,270) (941) (1,331) Fiscal year activity, net of income taxes (c) 23 (329) 390 Balance, end of year $ (1,247) $ (1,270) $ (941) ________________________ (a) Net of income tax expense of $4 million, $7 million and nil for the fiscal years ended June 30, 2023, 2022 and 2021 respectively. (b) Net of income tax (benefit) expense of $(2) million, $19 million and $(1) million for the fiscal years ended June 30, 2023, 2022 and 2021, respectively. (c) Excludes $(18) million, $(97) million and $78 million relating to noncontrolling interests for the fiscal years ended June 30, 2023, 2022 and 2021, respectively.

Valuation and Qualifying Accoun

Valuation and Qualifying Accounts	12 Months Ended
	Jun. 30, 2023
SEC Schedule, 12-09, Valuation and Qualifying Accounts [Abstract]
Valuation and Qualifying Accounts	NOTE 22. VALUATION AND QUALIFYING ACCOUNTS Balance at beginning of year Additions Acquisitions and disposals Utilization Foreign exchange Balance at end of year (in millions) Fiscal 2023 Allowances for doubtful accounts $ (67) $ (10) $ — $ 19 $ 1 $ (57) Allowances for sales returns (173) (516) — 536 (1) (154) Deferred tax valuation allowance (1,588) (71) — 15 (2) (1,646) Fiscal 2022 Allowances for doubtful accounts $ (71) $ (6) $ — $ 7 $ 3 $ (67) Allowances for sales returns (190) (554) (1) 564 8 (173) Deferred tax valuation allowance (1,765) (237) (8) 232 190 (1,588) Fiscal 2021 Allowances for doubtful accounts $ (73) $ (5) $ (3) $ 15 $ (5) $ (71) Allowances for sales returns (174) (514) (8) 511 (5) (190) Deferred tax valuation allowance (1,546) (180) 10 100 (149) (1,765)

Subsequent Events

Subsequent Events	12 Months Ended
	Jun. 30, 2023
Subsequent Events [Abstract]
Subsequent Events	NOTE 23. SUBSEQUENT EVENTS Dividend declaration In August 2023, the Company 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 October 11, 2023 to stockholders of record as of September 13, 2023.

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Millions	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
Pay vs Performance Disclosure
Net income (loss) attributable to News Corporation stockholders	$ 149	$ 623	$ 330

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Jun. 30, 2023
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Jun. 30, 2023
Accounting Policies [Abstract]
Basis of presentation	Basis of presentation The accompanying 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”). The Company’s financial statements as of June 30, 2023 and 2022 and for the three fiscal years ended June 30, 2023 are presented on a consolidated basis. 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 Company maintains a 52-53 week fiscal year ending on the Sunday closest to June 30 in each year. Fiscal 2023, fiscal 2022 and fiscal 2021 included 52, 53 and 52 weeks, respectively. All references to the fiscal years ended June 30, 2023, 2022 and 2021 relate to the fiscal years ended July 2, 2023, July 3, 2022 and June 27, 2021, respectively. For convenience purposes, the Company continues to date its consolidated financial statements as of June 30.
Principles of consolidation	Principles of consolidation The Consolidated Financial Statements include the accounts of all majority-owned and controlled subsidiaries. In addition, the Company evaluates its relationships with other entities to identify whether they are variable interest entities (“VIEs”) as defined by Financial Accounting Standards Board (“FASB”) ASC 810-10, “Consolidation” (“ASC 810-10”) and whether the Company is the primary beneficiary. Consolidation is required if both of these criteria are met. All significant intercompany accounts and transactions have been eliminated in consolidation, including the intercompany portion of transactions with equity method investees.
Use of estimates	Use of estimates The preparation of the Company’s Consolidated Financial Statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts that are reported in the Consolidated Financial Statements and accompanying disclosures. Actual results could differ from those estimates.
Cash and cash equivalents	Cash and cash equivalents Cash and cash equivalents consist of cash on hand and other investments that are readily convertible into cash with original maturities of three months or less. The Company’s cash and cash equivalents balance as of June 30, 2023 and 2022 also includes $173 million and $169 million, respectively, which is not readily accessible by the Company as it is held by REA Group Limited (“REA Group”), a majority owned but separately listed public company. REA Group must declare a dividend in order for the Company to have access to its share of REA Group’s cash balance. The Company classifies cash as restricted when the cash is unavailable for use in its general operations. The Company had no restricted cash as of June 30, 2023 and 2022.
Concentration of credit risk	Concentration of credit risk Cash and cash equivalents are maintained with multiple financial institutions. The Company has deposits held with banks that exceed the amount of insurance provided on such deposits. Generally, these deposits may be redeemed upon demand and are maintained with financial institutions of reputable credit and, therefore, bear minimal credit risk.
Receivables, net	Receivables, net Receivables are presented net of allowances. Allowance for doubtful accounts is calculated by pooling receivables with similar credit risks such as the level of delinquency, types of products or services and geographical locations and reflects the Company’s expected credit losses based on historical experience as well as current and expected economic conditions.
Inventory, net	Inventory, net Inventory primarily consists of programming rights, books and newsprint. In accordance with ASC 920, “Entertainment—Broadcasters,” programming rights and the related liabilities are recorded at the gross amount of the liabilities when the license period has begun, the cost of the program is determinable and the program is accepted and available for airing. Programming costs are amortized based on the expected pattern of consumption over the license period or expected useful life of each program. The pattern of consumption is based primarily on consumer viewership information as well as other factors. The Company regularly reviews its programming assets to ensure they continue to reflect fair value. Changes in circumstances may result in a write-down of the asset to fair value. The Company’s programming rights are substantially all monetized as a film group. The amortization expense of programming costs, which is reflected within Operating expenses in the Statements of Operations, was $284 million for the fiscal year ended June 30, 2023. Approximately $149 million, $51 million and $20 million of the unamortized programming costs as of June 30, 2023 are expected to be amortized in each of the fiscal years ending June 30, 2024, 2025 and 2026, respectively. Inventory for books and newsprint are valued at the lower of cost or net realizable value. Cost for non-programming inventory is determined by the weighted average cost method. The Company records a reserve for excess and obsolete inventory based upon a calculation using the historical usage rates, sales patterns of its products and specifically identified obsolete inventory.
Investments	Investments The Company makes investments in various businesses in the normal course of business. The Company evaluates its relationships with other entities to identify whether they are VIEs in accordance with ASC 810-10 and whether the Company is the primary beneficiary. In determining whether the Company is the primary beneficiary of a VIE, it assesses whether it has the power to direct matters that most significantly impact the activities of the VIE and has the obligation to absorb losses or the right to receive benefits from the VIE that could potentially be significant to the VIE. The Company would consolidate any investments in which it was determined to be the primary beneficiary of a VIE. Investments in and advances to equity investments or joint ventures in which the Company has significant influence, but is not the primary beneficiary, and has less than a controlling voting interest, are accounted for using the equity method. Significant influence is generally presumed to exist when the Company owns an interest between 20% and 50% or when the Company has the ability to exercise significant influence. Under the equity method of accounting, the Company includes its investments and amounts due to and from such investments in its Balance Sheets. The Company’s Statements of Operations include the Company’s share of the investees’ earnings (losses) and the Company’s Statements of Cash Flows include all cash received from or paid to the investee. The difference between the Company’s investment and its share of the fair value of the underlying net tangible assets of the investee upon acquisition is first allocated to either finite-lived intangibles, indefinite-lived intangibles or other assets and liabilities and the balance is attributed to goodwill. The Company follows ASC 350, “Intangibles—Goodwill and Other” (“ASC 350”), which requires that equity method finite-lived intangibles be amortized over their estimated useful life. Such amortization is reflected in Equity (losses) earnings of affiliates in the Statements of Operations. Indefinite-lived intangibles and goodwill are not amortized. Investments in which the Company is presumed not to have significant influence (generally less than a 20% ownership interest) or does not have the ability to exercise significant influence are accounted for in accordance with ASC 825-10, “Recognition and Measurement of Financial Assets and Financial Liabilities” (“ASC 825-10”). Gains and losses on equity securities with readily determinable fair market values are recorded in Other, net in the Statement of Operations based on the closing price at the end of each reporting period. 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. See Note 6—Investments.
Financial instruments and derivatives	Financial instruments and derivatives The carrying value of the Company’s financial instruments, including cash and cash equivalents, approximate fair value. The fair value of financial instruments is generally determined by reference to market values resulting from trading on a national securities exchange, trading in an over-the-counter market which are considered to be Level 2 measurements or unobservable inputs that require the Company to use its own best estimates about market participant assumptions which are considered to be Level 3 measurements. See Note 11—Financial Instruments and Fair Value Measurements. ASC 815, “Derivatives and Hedging” (“ASC 815”) requires derivative instruments to be recorded on the balance sheet at fair value as either an asset or a liability. ASC 815 also requires that changes in the fair value of recorded derivatives be recognized currently in the Statements of Operations unless specific hedge accounting criteria are met. For derivatives that will be accounted for as hedging instruments, the Company formally designates and documents, at inception, the financial instrument as a hedge of a specific underlying exposure, the risk management objective and the strategy for undertaking the hedge transaction. On an ongoing basis, the Company assesses whether the financial instruments used in hedging transactions continue to be highly effective. The Company determines the fair values of its derivatives using standard valuation models. The notional amounts of the derivative financial instruments do not necessarily represent amounts exchanged by the parties and, therefore, are not a direct measure of the Company’s exposure to the financial risks. The amounts exchanged are calculated by reference to the notional amounts and by other terms of the derivatives, such as interest rates and foreign currency exchange rates. The Company does not view the fair values of its derivatives in isolation, but rather in relation to the fair values or cash flows of the underlying hedged transactions or other exposures. All of the Company’s derivatives are over-the-counter instruments with liquid markets. The carrying values of the derivatives reflect the impact of master netting agreements which allow the Company to net settle positive and negative positions with the same counterparty. As the Company does not intend to settle any derivatives at their net positions, derivative instruments are presented gross in the Balance Sheets. See Note 11—Financial Instruments and Fair Value Measurements. The Company monitors its positions with, and the credit quality of, the financial institutions which are counterparties to its financial instruments. The Company is exposed to credit loss in the event of nonperformance by the counterparties to the agreements. As of June 30, 2023, the Company did not anticipate nonperformance by any of the counterparties. Cash flow hedges Cash flow hedges are used to mitigate the Company’s exposure to variability in cash flows that is attributable to particular risk associated with a highly probable forecasted transaction or a recognized asset or liability which could affect income or expenses. The gain or loss on the hedging instrument is recognized directly in Accumulated other comprehensive loss. Amounts recorded in Accumulated other comprehensive loss are recognized in the Statements of Operations when the hedged forecasted transaction impacts income or if the forecasted transaction is no longer expected to occur. Fair value hedges Fair value hedges are used to mitigate the Company’s exposure to changes in the fair value of a recognized asset or liability, or an identified portion thereof, that is attributable to a particular risk and could affect income or expenses. The hedged item is adjusted for gains and losses attributable to the risk being hedged and the derivative is remeasured to fair value. The Company records the changes in the fair value of these items in the Statements of Operations. Economic hedges
Property, plant and equipment	Property, plant and equipmentProperty, plant and equipment are stated at cost less accumulated depreciation. Depreciation is calculated using the straight-line method over an estimated useful life of 2 to 50 years. Leasehold improvements are amortized using the straight-line method over the shorter of their useful lives or the life of the lease. Costs associated with the repair and maintenance of property, plant and equipment are expensed as incurred. Changes in circumstances, such as technological advances or changes to the Company’s business model or capital strategy, could result in the actual useful lives differing from the Company’s estimates. In those cases where the Company determines that the useful life of buildings and equipment should be changed, the Company would depreciate the asset over its revised remaining useful life, thereby increasing or decreasing depreciation expense. Refer to Note 7—Property, Plant and Equipment for further detail.
Capitalized software	Capitalized software In accordance with ASC 350-40, “Internal-use Software,” the Company capitalizes certain costs incurred in connection with developing or obtaining internal-use software. Costs incurred in the preliminary project stage are expensed. All direct costs incurred to develop internal-use software during the development stage are capitalized and amortized using the straight-line method over the estimated useful life, generally 2 to 15 years. Costs such as maintenance and training are expensed as incurred. Research and development costs are also expensed as incurred. In accordance with ASC 350-24, “Customer’s Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement that is a Service Contract,” the Company evaluates upfront costs, including implementation, set-up or other costs (collectively, “implementation costs”), for hosting arrangements under the internal-use software framework. Costs related to preliminary project activities and post implementation activities are expensed as incurred, whereas costs incurred in the development stage are generally capitalized as prepaid assets within Other Current Assets in the Balance Sheet. Capitalized implementation costs are amortized on a straight-line basis over the expected term of the hosting arrangement, which includes consideration of the non-cancellable contractual term and reasonably certain renewals. Amortization of capitalized implementation costs is included in the same line item in the Statements of Operations as the expense for fees for the associated hosting arrangement.
Leases	Leases Leases are classified as either finance leases or operating leases. A lease is classified as a finance lease if any one of the following criteria are met: the lease transfers ownership of the asset by the end of the lease term, the lease contains an option to purchase the asset that is reasonably certain to be exercised, the lease term is for a major part of the remaining useful life of the asset or the present value of the lease payments equals or exceeds substantially all of the fair value of the asset. A lease is classified as an operating lease if it does not meet any one of these criteria. The Company’s operating leases primarily consist of real estate, including office space, warehouse space and printing facilities, and satellite transponders for purposes of providing its subscription video services to consumers and its finance leases consist of satellite transponders.
Royalty advances to authors	Royalty advances to authors Royalty advances are initially capitalized and subsequently expensed as related revenues are earned or when the Company determines future recovery is not probable. The Company has a long history of providing authors with royalty advances, and it tracks each advance earned with respect to the sale of the related publication. Historically, the longer the unearned portion of the advance remains outstanding, the less likely it is that the Company will recover the advance through the sale of the publication. The Company applies this historical experience to its existing outstanding royalty advances to estimate the likelihood of recovery and a provision is established to write-off the unearned advance, usually between 12 and 24 months after initial publication of the first format. Additionally, the Company reviews its portfolio of royalty advances for unpublished titles to determine if individual royalty advances are not recoverable for discrete reasons, such as the death of an author prior to completion of a title or titles, a Company decision to not publish a title, poor market demand or other relevant factors that could impact recoverability. Based on this information, the portion of any advance that the Company believes is not recoverable is expensed.
Business Combinations	Business Combinations The purchase price of each acquisition is attributed to the assets acquired and liabilities assumed based on their fair values at the date of acquisition, with certain exceptions in accordance with GAAP. Determining the fair value of assets acquired and liabilities assumed involves the use of significant judgments, including judgments about appropriate discount rates, attrition rates, royalty rates and future cash flows. The excess purchase price over the fair value of net tangible and identifiable intangible assets acquired is recorded as goodwill and is assigned to the reporting unit that is expected to benefit from the business combination as of the acquisition date.
Goodwill and intangible assets	Goodwill and intangible assets The Company has goodwill and intangible assets, including trademarks and tradenames, newspaper mastheads, publishing imprints, radio broadcast licenses, publishing rights and customer relationships. Goodwill is recorded as the difference between the cost of acquiring entities or businesses and amounts assigned to their tangible and identifiable intangible net assets. In accordance with ASC 350, the Company’s goodwill and indefinite-lived intangible assets are tested annually during the fourth quarter for impairment or earlier if events occur or circumstances change that would more likely than not reduce the fair values below their carrying amounts. Intangible assets with finite lives are amortized over their estimated useful lives. Goodwill is reviewed for impairment at a reporting unit level. Reporting units are determined based on an evaluation of the Company’s operating segments and the components making up those operating segments. For purposes of its goodwill impairment review, the Company has identified REA Group, Move, Inc. (“Move”), the Foxtel Group, Australian News Channel (“ANC”), Dow Jones, HarperCollins, the Australian newspapers, the U.K. newspapers, TalkTV, the New York Post , Storyful Limited (“Storyful”), and Wireless Group plc (“Wireless Group”) as its reporting units. In accordance with ASC 350, in assessing goodwill for impairment, the Company has the option to first perform a qualitative assessment to determine whether events or circumstances exist that lead to a determination that it is more likely than not that the fair value of a reporting unit is less than its carrying amount. If the Company determines that it is not more likely than not that the fair value of a reporting unit is less than its carrying amount, the Company is not required to perform any additional tests in assessing goodwill for impairment. However, if the Company concludes otherwise or elects not to perform the qualitative assessment, then it is required to perform a quantitative analysis to determine the fair value of the reporting unit, and compare the calculated fair value with its carrying amount, including goodwill. If through a quantitative analysis the Company determines the fair value of a reporting unit exceeds its carrying amount, the goodwill of the reporting unit is considered not to be impaired. If the Company concludes that the fair value of the reporting unit is less than its carrying value, an impairment will be recognized for the amount by which the carrying amount exceeds the reporting unit’s fair value. The Company also performs impairment reviews on its indefinite-lived intangible assets, including trademarks and tradenames, newspaper mastheads, publishing imprints and radio broadcast licenses. Newspaper mastheads and book publishing imprints are reviewed on an aggregated basis in accordance with ASC 350. Trademarks and tradenames and radio broadcast licenses are reviewed individually. In assessing its indefinite-lived intangible assets for impairment, the Company has the option to first perform a qualitative assessment to determine whether events or circumstances exist that lead to a determination that it is more likely than not that the fair value of the indefinite-lived intangible asset is less than its carrying amount. If the Company determines that it is not more likely than not that the fair value of an indefinite-lived intangible asset is less than its carrying amount, the Company is not required to perform any additional tests in assessing the asset for impairment. However, if the Company concludes otherwise or elects not to perform the qualitative assessment, then it is required to perform a quantitative analysis to determine if the fair value of an indefinite-lived intangible asset is less than its carrying value. If through a quantitative analysis the Company determines the fair value of an indefinite-lived intangible asset exceeds its carrying amount, the indefinite-lived intangible asset is considered not to be impaired. If the Company concludes that the fair value of an indefinite-lived intangible asset is less than its carrying value, an impairment will be recognized for the amount by which the carrying amount exceeds the indefinite-lived intangible asset’s fair value. The methods used to estimate the fair value measurements of the Company’s reporting units and indefinite-lived intangible assets include those based on the income approach (including the discounted cash flow, relief-from-royalty and excess earnings methods) and those based on the market approach (primarily the guideline public company method). The resulting fair value measurements of the assets are considered to be Level 3 measurements. Determining fair value requires the exercise of significant judgments, including judgments about appropriate discount rates, long-term growth rates, relevant comparable company earnings multiples and the amount and timing of expected future cash flows. The cash flows employed in the analyses are based on the Company’s estimated outlook and various growth rates are assumed for years beyond the long-term business plan period. Discount rate assumptions are based on an assessment of the risk inherent in the future cash flows of the respective reporting units. In assessing the reasonableness of its determined fair values, the Company evaluates its results against other value indicators, such as comparable public company trading values. When a business within a reporting unit is disposed of, goodwill is allocated to the disposed business using the relative fair value method. See Note 8—Goodwill and Other Intangible Assets.
Borrowings	Borrowings Loans and borrowings are initially recognized at the fair value of the consideration received. Transaction costs are recorded within current borrowings (current portion) and non-current borrowings (long-term portion) in the Consolidated Balance Sheets. They are subsequently recognized at amortized cost using the effective interest method. Debt may be considered extinguished when it has been modified and the terms of the new debt instruments and old debt instruments are substantially different, as that term is defined in the debt modification guidance in ASC 470-50 “Debt—Modifications and Extinguishments.” 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 “Debt.” See Note 9—Borrowings.
Retirement benefit obligations	Retirement benefit obligations The Company provides defined benefit pension, postretirement healthcare and defined contribution benefits to the Company’s eligible employees and retirees. The Company accounts for its defined benefit pension, postretirement healthcare and defined contribution plans in accordance with ASC 715, “Compensation—Retirement Benefits” (“ASC 715”). The expense recognized by the Company is determined using certain assumptions, including the discount rate, expected long-term rate of return of pension assets and mortality rates, among others. The Company recognizes the funded status of its defined benefit plans (other than multiemployer plans) as an asset or liability in the Balance Sheets and recognizes changes in the funded status in the year in which the changes occur through Accumulated other comprehensive loss in the Balance Sheets. The Company recognizes the other non-service cost components of net periodic benefit costs (income) in Other, net in the Statements of Operations. See Note 17—Retirement Benefit Obligations.
Fair value measurements	Fair value measurements The Company has various financial instruments that are measured at fair value on a recurring basis, including certain marketable securities and derivatives. The Company also applies the provisions of fair value measurement to various non-recurring measurements for the Company’s non-financial assets and liabilities. With the exception of investments measured using the net asset value per share practical expedient in accordance with ASC 820, “Fair Value Measurements” (“ASC 820”)” or ASC 825-10 described above, the Company measures assets and liabilities in accordance with ASC 820, using inputs from the following three levels of the fair value hierarchy: (i) inputs that are quoted prices in active markets for identical assets or liabilities (“Level 1”); (ii) inputs other than quoted prices included within Level 1 that are observable, including quoted prices for similar assets or liabilities (“Level 2”); and (iii) unobservable inputs that require the entity to use its own best estimates about market participant assumptions (“Level 3”). See Note 11—Financial Instruments and Fair Value Measurements. The Company’s assets measured at fair value on a nonrecurring basis include investments, long-lived assets, indefinite-lived intangible assets and goodwill. The Company reviews the carrying amounts of such assets whenever events or changes in circumstances indicate that the carrying amounts may not be recoverable or at least annually during the fourth quarter for indefinite-lived intangible assets and goodwill. Any resulting asset impairment would require that the asset be recorded at its fair value. The resulting fair value measurements of the assets are considered to be Level 3 measurements.
Asset impairments	Asset impairments Investments Equity method investments are regularly reviewed to determine whether a significant event or change in circumstances has occurred that may impact the fair value of each investment. If the fair value of the investment has dropped below the carrying amount, management considers several factors when determining whether an other-than-temporary decline in market value has occurred, including the length of time and extent to which the market value has been below cost, the financial condition and near-term prospects of the issuer, the intent and ability of the Company to retain its investment in the issuer for a period of time sufficient to allow for any anticipated recovery in market value and other factors influencing the fair market value, such as general market conditions. Long-lived assets ASC 360, “Property, Plant, and Equipment” (“ASC 360”) and ASC 350 require the Company to periodically review the carrying amounts of its long-lived assets, including property, plant and equipment and finite-lived intangible assets, to determine whether current events or circumstances indicate that such carrying amounts may not be recoverable. If the carrying amount of the asset is greater than the expected undiscounted cash flows to be generated by such asset, an impairment adjustment is recognized if the carrying value of such asset exceeds its fair value. The Company generally measures fair value by considering sale prices for similar assets or by discounting estimated future cash flows using an appropriate discount rate. Considerable management judgment is necessary to estimate the fair value of assets; accordingly, actual results could vary significantly from such estimates. Assets to be disposed of are carried at the lower of their financial statement carrying amount or fair value, less their costs to sell.
Treasury Stock	Treasury Stock The Company accounts for treasury stock using the cost method. Upon the retirement of treasury stock, the Company allocates the value of treasury shares between common stock, additional paid-in capital and accumulated deficit. All shares repurchased to date have been retired. See Note 12—Stockholders' Equity.
Revenue recognition	Revenue recognition Circulation and subscription revenues Circulation and subscription revenues include subscription and single-copy sales of digital and print news products, information services subscription revenues and pay television broadcast and streaming subscription revenues. Circulation revenues are based on the number of copies of the printed news products (through home-delivery subscriptions and single-copy sales) and/or digital subscriptions sold, and the associated rates charged to the customers. Single-copy revenue is recognized at a point in time on the date the news products are sold to distribution outlets, net of provisions for related returns. Revenues from home delivery and digital subscriptions are recognized over the subscription term as the news products and/or digital subscriptions are delivered. Information services subscription revenues are recognized over time as the subscriptions are delivered. Payments from subscribers are generally due at the beginning of the month and are recorded as deferred revenue. Such amounts are recognized as revenue as the associated subscription is delivered. Revenue generated from subscriptions to receive pay television broadcast, streaming, broadband and phone services for residential and commercial subscribers is recognized over time on a monthly basis as the services are provided. Payment is generally received monthly in advance of providing services, and is deferred upon receipt. Such amounts are recognized as revenue as the related services are provided. Advertising revenues Revenue from print advertising is recognized at the point in time the print advertisement is published. Broadcast advertising revenue is recognized over the time that the broadcast advertisement is aired. For impressions-based digital advertising, revenues are recognized as impressions are delivered over the term of the arrangement, while revenue from non-impressions-based digital advertising is recognized over the period that the advertisements are displayed. Such amounts are recognized net of agency commissions and provisions for estimated sales incentives, including rebates, rate adjustments or discounts. The Company enters into transactions that involve the exchange of advertising, in part, for other products and services, which are recorded at the estimated fair value of the product or service received. If the fair value of the product or service received cannot be reliably determined, the value is measured indirectly by reference to the standalone selling price of the advertising provided by the Company. Revenue from nonmonetary transactions is recognized when services are performed, and expenses are recognized when products are received or services are incurred. Billings to clients and payments received in advance of performance of services or delivery of products are recorded as deferred revenue until the services are performed or the product is delivered. Payment for advertising services is typically due shortly after the Company has satisfied its performance obligation to print, broadcast or place the advertising specified in the contract. For advertising campaigns that extend beyond one month, the Company generally invoices the advertiser in arrears based on the number of advertisements that were printed, broadcast or placed, or impressions delivered during the month. Consumer revenues Revenue from the sale of physical books and electronic or downloadable audio books (“digital formats”) is recognized at the point in time of physical receipt by the customer or electronic delivery. Such amounts are recorded net of provisions for returns and payments to customers. If the Company prohibits its customer from selling a physical book until a future date, it recognizes revenue when that restriction lapses. Revenue is recognized net of any amounts billed to customers for taxes remitted to government authorities. Payments for the sale of physical books and digital formats are generally collected within one to three months of sale or delivery and are based on the number of physical books or digital formats sold. Real Estate revenues Real estate revenues are derived from the sale of digital real estate listing and lead generation products, as well as services to agents, brokers and developers. Revenue is typically recognized over the contractual period during which the services are provided. Payments are generally due monthly over the subscription term. The Company also provides certain leads to agents and brokers at no upfront cost with the Company receiving a portion of the agent sales commission at the time a home transaction is closed. As the amount of revenues is based on several factors outside of the Company’s control including home prices, revenue is recognized when a real estate transaction is closed and any variability no longer exists. Other revenues Other revenues are recognized when the related services are performed or the product has been delivered. Contracts with multiple performance obligations The Company has certain revenue contracts which contain multiple performance obligations such as print and digital advertising bundles, digital and print newspaper subscription bundles and bundled video service subscriptions. Revenues derived from sales contracts that contain multiple products and services are allocated based on the relative standalone selling price of each performance obligation to be delivered. Standalone selling price is typically determined based on prices charged to customers for the same or similar goods or services on a standalone basis. If observable standalone prices are not available, the Company estimates standalone selling price by maximizing the use of observable inputs to most accurately reflect the price of each individual performance obligation. Revenue is recognized as each performance obligation included in the contract is satisfied. Identification of a customer and gross versus net revenue recognition In the normal course of business, the Company acts as or uses an intermediary or agent in executing transactions with third parties. When the intermediary or agent is determined to be the Company’s customer, the Company records revenue based on the amount it expects to receive from the agent or intermediary. In other circumstances, the determination of whether revenue should be reported on a gross or net basis is based on an assessment of whether the Company is acting as the principal or an agent in the transaction. If the Company is acting as a principal in a transaction, the Company reports revenue on a gross basis. If the Company is acting as an agent in a transaction, the Company reports revenue on a net basis. The determination of whether the Company is acting as a principal or an agent in a transaction involves judgment and is based on an evaluation of the terms of the arrangement. The Company serves as the principal in transactions in which it controls the goods or services prior to being transferred to the ultimate customer. Sales returns Certain of the Company’s products, such as books and newspapers, are sold with the right of return. The Company records the estimated impact of such returns as a reduction of revenue. To estimate product sales that will be returned and the related products that are expected to be placed back into inventory, the Company analyzes historical returns, current economic trends, changes in customer demand and acceptance of the Company’s products. Based on this information, the Company reserves a percentage of each dollar of product sales that provide the customer with the right of return.
Subscriber acquisition costs	Subscriber acquisition costs Costs related to the acquisition of subscription video service customers primarily consist of amounts paid for third-party customer acquisitions, which consist of the cost of commissions paid to authorized retailers and dealers for subscribers added through their respective distribution channels, and the cost of hardware and installation subsidies for subscribers. All costs, including hardware, installation and commissions, are expensed upon activation, except where legal ownership of the equipment is retained by the Company, in which case the cost of the equipment and direct and indirect installation costs are capitalized and depreciated over the respective useful life.
Advertising expenses	Advertising expensesThe Company expenses advertising costs as incurred in accordance with ASC 720-35, “Other Expenses—Advertising Cost.”
Shipping and handling	Shipping and handling Costs incurred for shipping and handling are reflected in Operating expenses in the Statements of Operations.
Translation of foreign currencies	Translation of foreign currencies The financial results and position of foreign subsidiaries and affiliates are translated into U.S. dollars using the current rate method, whereby operating results are converted at the average rate of exchange for the period and assets and liabilities are converted at the closing rates on the period end date. The resulting translation adjustments are accumulated as a component of Accumulated other comprehensive loss. Gains and losses from foreign currency transactions are generally included in income for the period.
Income taxes	Income taxes The Company accounts for income taxes in accordance with ASC 740, “Income Taxes” (“ASC 740”). ASC 740 requires an asset and liability approach for financial accounting and reporting for income taxes. Under the asset and liability approach, deferred taxes are provided for the net tax effects of temporary differences between the carrying amounts of assets and liabilities for
Earnings (loss) per share	Earnings (loss) per share Basic earnings (loss) per share for Class A Common Stock and Class B Common Stock is calculated by dividing Net income (loss) attributable to News Corporation stockholders by the weighted average number of shares of Class A Common Stock and Class B Common Stock outstanding during the period. Diluted earnings (loss) per share for Class A Common Stock and Class B Common Stock is calculated similarly, except that the calculation includes the dilutive effect of the assumed issuance of shares issuable under the Company’s equity-based compensation plans. See Note 14—Earnings (Loss) Per Share.
Equity-based compensation	Equity-based compensation Equity-based awards are accounted for in accordance with ASC 718, “Compensation—Stock Compensation” (“ASC 718”). ASC 718 requires that the cost resulting from all share-based payment transactions be recognized in the Consolidated Financial Statements. ASC 718 establishes fair value as the measurement objective in accounting for share-based payment arrangements and requires all companies to apply a fair-value-based measurement method in accounting for generally all share-based payment transactions with employees. See Note 13—Equity-Based Compensation.

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Jun. 30, 2023
Accounting Policies [Abstract]
Components of Receivables, Net	Receivables, net consist of: As of June 30, 2023 2022 (in millions) Receivables $ 1,482 $ 1,569 Less: allowances (57) (67) Receivables, net $ 1,425 $ 1,502

Revenues (Tables)

Revenues (Tables)	12 Months Ended
	Jun. 30, 2023
Revenue from Contract with Customer [Abstract]
Summary of Disaggregated Revenue by Type and Segment	The following tables present the Company’s disaggregated revenues by type and segment for the fiscal years ended June 30, 2023, 2022 and 2021: For the fiscal year ended June 30, 2023 Digital Real Estate Services Subscription Video Services Dow Jones Book Publishing News Media Other Total Revenues (in millions) Revenues: Circulation and subscription $ 12 $ 1,671 $ 1,689 $ — $ 1,075 $ — $ 4,447 Advertising 140 227 413 — 907 — 1,687 Consumer — — — 1,899 — — 1,899 Real estate 1,189 — — — — — 1,189 Other 198 44 51 80 284 — 657 Total Revenues $ 1,539 $ 1,942 $ 2,153 $ 1,979 $ 2,266 $ — $ 9,879 For the fiscal year ended June 30, 2022 Digital Real Estate Services Subscription Video Services Dow Jones Book Publishing News Media Other Total Revenues (in millions) Revenues: Circulation and subscription $ 13 $ 1,753 $ 1,516 $ — $ 1,143 $ — $ 4,425 Advertising 135 232 449 — 1,005 — 1,821 Consumer — — — 2,106 — — 2,106 Real estate 1,347 — — — — — 1,347 Other 246 41 39 85 275 — 686 Total Revenues $ 1,741 $ 2,026 $ 2,004 $ 2,191 $ 2,423 $ — $ 10,385 For the fiscal year ended June 30, 2021 Digital Real Estate Services Subscription Video Services Dow Jones Book Publishing News Media Other Total Revenues (in millions) Revenues: Circulation and subscription $ 25 $ 1,825 $ 1,296 $ — $ 1,060 $ — $ 4,206 Advertising 126 210 373 — 885 — 1,594 Consumer — — — 1,908 — — 1,908 Real estate 1,153 — — — — — 1,153 Other 89 37 33 77 260 1 497 Total Revenues $ 1,393 $ 2,072 $ 1,702 $ 1,985 $ 2,205 $ 1 $ 9,358
Summary of Deferred Revenue from Contracts with Customers	The following table presents changes in the deferred revenue balance for the fiscal years ended June 30, 2023 and 2022: For the fiscal year ended June 30, 2023 2022 (in millions) Beginning balance $ 604 $ 473 Deferral of revenue 3,624 3,558 Recognition of deferred revenue (a) (3,606) (3,477) Other (b) — 50 Ending balance $ 622 $ 604 ________________________ (a) For the fiscal years ended June 30, 2023 and 2022, the Company recognized approximately $561 million and $435 million, respectively, of revenue which was included in the opening deferred revenue balance. (b) For the fiscal year ended June 30, 2022, includes $68 million of deferred revenue acquired as a result of the OPIS and CMA acquisitions. See Note 4—Acquisitions, Disposals and Other Transactions.

Restructuring Programs (Tables)

Restructuring Programs (Tables)	12 Months Ended
	Jun. 30, 2023
Restructuring and Related Activities [Abstract]
Schedule of Changes in Restructuring Program Liabilities	Changes in restructuring program liabilities were as follows: One-time employee termination benefits Other costs Total (in millions) Balance, June 30, 2020 $ 64 $ 9 $ 73 Additions 83 85 168 Payments (97) (55) (152) Other 1 (4) (3) Balance, June 30, 2021 $ 51 $ 35 $ 86 Additions 69 25 94 Payments (92) (19) (111) Other (3) — (3) Balance, June 30, 2022 $ 25 $ 41 $ 66 Additions 116 9 125 Payments (90) (9) (99) Other 2 — 2 Balance, June 30, 2023 $ 53 $ 41 $ 94

Investments (Tables)

Investments (Tables)	12 Months Ended
	Jun. 30, 2023
Schedule of Investments [Abstract]
Schedule of Investments	The Company’s investments were comprised of the following: Ownership Percentage as of June 30, 2023 As of June 30, 2023 2022 (in millions) Equity method investments (a) various $ 192 $ 276 Equity securities (b) various 235 212 Total Investments $ 427 $ 488 ________________________ (a) In the first quarter of fiscal 2022, REA Group acquired an 18% interest (16.6% on a diluted basis) in PropertyGuru in exchange for all shares of REA Group’s entities in Malaysia and Thailand. During the fiscal year ended June 30, 2022, PropertyGuru completed its merger with Bridgetown 2 Holdings Limited. As a result of the merger and subsequent investments made in connection with the transaction, REA Group’s ownership interest in PropertyGuru was 17.5% and a gain of $15 million was recorded in Other, net. During the fiscal year ended June 30, 2023, the Company determined that the fair value of REA Group's investment in PropertyGuru was below its carrying value. Due to the ongoing negative performance of PropertyGuru’s publicly-traded stock, the reduction in fair value based on the market price was deemed to be other than temporary and, as a result, the Company recognized a non-cash write-down of approximately $81 million within Equity losses of affiliates. Refer to Note 4—Acquisitions, Disposals and Other Transactions and Note 21—Additional Financial Information for further discussion. (b) Equity securities are primarily comprised of Tremor, certain investments in China, the Company’s investment in ARN Media Limited, which operates a portfolio of Australian radio media assets, and Dow Jones’ investment in an artificial intelligence-focused data analytics company.
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 fiscal year ended June 30, 2023 2022 2021 (in millions) Total (losses) gains recognized on equity securities $ (9) $ (59) $ 81 Less: Net gains (losses) recognized on equity securities sold or impaired 2 — (1) Unrealized (losses) gains recognized on equity securities held at end of period $ (11) $ (59) $ 82

Property, Plant and Equipment (

Property, Plant and Equipment (Tables)	12 Months Ended
	Jun. 30, 2023
Property, Plant and Equipment [Abstract]
Components of Property, Plant and Equipment	Original As of June 30, 2023 2022 (in millions) Land $ 121 $ 120 Buildings and leaseholds 3 to 50 years 1,515 1,478 Digital set top units and installations 5 to 10 years 1,142 1,109 Machinery and equipment 2 to 20 years 1,302 1,278 Capitalized software 2 to 15 years 1,925 1,707 Finance lease right-of-use assets 15 years 121 124 6,126 5,816 Less: accumulated depreciation and amortization (a) (4,359) (3,933) 1,767 1,883 Construction in progress 275 220 Total Property, plant and equipment, net $ 2,042 $ 2,103 ________________________ (a) Includes accumulated amortization of capitalized software of approximately $1,335 million and $1,135 million as of June 30, 2023 and 2022, respectively.

Goodwill and Other Intangible_2

Goodwill and Other Intangible Assets (Tables)	12 Months Ended
	Jun. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Carrying Values of Intangible Assets and Related Accumulated Amortization	The carrying values of the Company’s intangible assets and related accumulated amortization for the fiscal years ended June 30, 2023 and June 30, 2022 were as follows: As of June 30, 2023 2022 (in millions) Intangible Assets Not Subject to Amortization Trademarks and tradenames $ 267 $ 411 Newspaper mastheads 281 281 Imprints 225 218 Radio broadcast licenses 122 118 Total intangible assets not subject to amortization 895 1,028 Intangible Assets Subject to Amortization Publishing rights (a) 319 348 Customer relationships (b) 1,110 1,233 Other (c) 165 62 Total intangible assets subject to amortization, net 1,594 1,643 Total Intangible assets, net $ 2,489 $ 2,671 Certain indefinite-lived tradenames have been reclassified to finite-lived as of June 30, 2023. ________________________ (a) Net of accumulated amortization of $341 million and $306 million as of June 30, 2023 and 2022, respectively. The useful lives of publishing rights range from 3 to 30 years primarily based on the weighted-average remaining contractual terms of the underlying publishing contracts and the Company’s estimates of the period within those terms that the asset is expected to generate a majority of its future cash flows. (b) Net of accumulated amortization of $846 million and $759 million as of June 30, 2023 and 2022, respectively. The useful lives of customer relationships range from 3 to 25 years. The useful lives of these assets are estimated by applying historical attrition rates and determining the resulting period over which a majority of the accumulated undiscounted cash flows related to the customer relationships are expected to be generated. (c) Net of accumulated amortization of $89 million and $85 million as of June 30, 2023 and 2022, respectively. The useful lives of other intangible assets range from 3 to 25 years. The useful lives represent the periods over which these intangible assets are expected to contribute directly or indirectly to the Company’s future cash flows.
Schedule of Changes in Carrying Value of Goodwill, by Segment	The changes in the carrying value of goodwill, by segment, are as follows: Digital Real Subscription Dow Jones Book News Media Total (in millions) Balance, June 30, 2021 $ 1,617 $ 978 $ 1,532 $ 413 $ 113 $ 4,653 Acquisitions (a) 39 — 659 8 32 738 Foreign exchange and other (95) (99) — (14) (14) (222) Balance, June 30, 2022 $ 1,561 $ 879 $ 2,191 $ 407 $ 131 $ 5,169 Acquisitions (a) — — 4 9 — 13 Foreign exchange and other (19) (20) — (3) — (42) Balance, June 30, 2023 $ 1,542 $ 859 $ 2,195 $ 413 $ 131 $ 5,140 ________________________ (a) See Note 4—Acquisitions, Disposals and Other Transactions for the primary drivers of increases in goodwill by segment.

Borrowings (Tables)

Borrowings (Tables)	12 Months Ended
	Jun. 30, 2023
Debt Disclosure [Abstract]
Schedule of Borrowings	The Company’s total borrowings consist of the following: Interest rate at June 30, Maturity at June 30, As of June 30, 2023 As of June 30, 2022 (in millions) News Corporation 2022 Term loan A (a) 6.842 % Mar 31, 2027 497 500 2022 Senior notes 5.125 % Feb 15, 2032 492 492 2021 Senior notes 3.875 % May 15, 2029 989 987 Foxtel Group (b) 2019 Credit facility (c) 6.65 % May 31, 2024 320 68 2019 Term loan facility 6.25 % Nov 22, 2024 167 171 2017 Working capital facility (c) 6.65 % May 31, 2024 — — Telstra facility 11.46 % Dec 22, 2027 100 90 2012 US private placement—USD portion—tranche 2 (d) — % Jul 25, 2022 — 198 2012 US private placement—USD portion—tranche 3 (d) 4.42 % Jul 25, 2024 149 147 2012 US private placement—AUD portion — % Jul 25, 2022 — 68 REA Group (b) 2022 Credit facility - tranche 1 (e) 5.35 % Sep 16, 2024 211 273 2022 Credit facility - tranche 2 (e) 5.50 % Sep 16, 2025 — 8 Finance lease liability 42 67 Total borrowings 2,967 3,069 Less: current portion (f) (27) (293) Long-term borrowings 2,940 2,776 ________________________ (a) The Company entered into an interest rate swap derivative to fix the floating rate interest component of its Term A Loans at 2.083%. For the three months ended June 30, 2023 the Company was paying interest at an effective interest rate of 3.708%. See Note 11—Financial Instruments and Fair Value Measurements. (b) These borrowings were incurred by certain subsidiaries of NXE Australia Pty Limited (the “Foxtel Group” and together with such subsidiaries, the “Foxtel Debt Group”) and REA Group and certain of its subsidiaries (REA Group and certain of its subsidiaries, the “REA Debt Group”), consolidated but non wholly-owned subsidiaries of News Corp, and are only guaranteed by the Foxtel Group and REA Group and their respective subsidiaries, as applicable, and are non-recourse to News Corp. (c) As of June 30, 2023, the Foxtel Debt Group had total undrawn commitments of A$161 million available under these facilities. (d) The carrying values of the borrowings include any fair value adjustments related to the Company’s fair value hedges. See Note 11—Financial Instruments and Fair Value Measurements. (e) As of June 30, 2023, REA Group had total undrawn commitments of A$281 million available under this facility. (f) 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.” $27 million relates to the current portion of finance lease liabilities as of June 30, 2023 and 2022.
Scheduled of Debt Maturities Excluding Other Obligations and Debt Issuance Costs	The following table summarizes the Company’s debt maturities, excluding debt issuance costs and finance lease liabilities, as of June 30, 2023: As of June 30, 2023 (in millions) Fiscal 2024 $ 333 Fiscal 2025 537 Fiscal 2026 25 Fiscal 2027 450 Fiscal 2028 100 Thereafter 1,500

Leases (Tables)

Leases (Tables)	12 Months Ended
	Jun. 30, 2023
Leases [Abstract]
Schedule of total lease cost	The total lease cost for operating and finance leases included in the Statements of Operations was as follows: For the fiscal years ended June 30, 2023 2022 2021 Income Statement Location (in millions) Operating lease costs Selling, general and administrative $ 121 $ 125 $ 135 Operating lease costs Operating expenses 32 36 37 Finance lease costs Depreciation and amortization 25 27 27 Finance lease costs Interest expense, net 2 3 4 Short term lease costs Operating expenses 16 12 15 Variable lease costs Selling, general and administrative 24 24 28 Total lease costs $ 220 $ 227 $ 246
Schedule of additional information related to leases	Additional information related to the Company’s operating and finance leases under ASU 2016-02: As of June 30, 2023 As of June 30, 2022 Operating Leases Finance Leases Operating Leases Finance Leases Weighted-average remaining lease term 13.7 years 1.8 years 11.0 years 2.8 years Weighted-average incremental borrowing rate 5.11 % 3.64 % 3.56 % 3.64 % For the fiscal years ended June 30, 2023 2022 2021 (in millions) Cash paid - Operating lease liabilities $ 172 $ 182 $ 184 Cash paid - Finance lease liabilities - principal 24 27 30 Cash paid - Finance lease liabilities - interest 2 3 4 Operating lease right-of-use assets obtained in exchange for operating lease liabilities 248 72 25
Schedule of future minimum lease payments under non-cancellable leases	Future minimum lease payments as of June 30, 2023 are as follows: As of June 30, 2023 Operating Leases Finance Leases (in millions) Fiscal 2024 $ 169 $ 28 Fiscal 2025 158 15 Fiscal 2026 141 — Fiscal 2027 137 — Fiscal 2028 100 — Thereafter 1,084 — Total future minimum lease payments $ 1,789 $ 43 Less: interest (549) (1) Present value of minimum payments $ 1,240 $ 42
Schedule of future minimum lease payments	Future minimum lease payments as of June 30, 2023 are as follows: As of June 30, 2023 Operating Leases Finance Leases (in millions) Fiscal 2024 $ 169 $ 28 Fiscal 2025 158 15 Fiscal 2026 141 — Fiscal 2027 137 — Fiscal 2028 100 — Thereafter 1,084 — Total future minimum lease payments $ 1,789 $ 43 Less: interest (549) (1) Present value of minimum payments $ 1,240 $ 42

Financial Instruments and Fai_2

Financial Instruments and Fair Value Measurements (Tables)	12 Months Ended
	Jun. 30, 2023
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: June 30, 2023 June 30, 2022 Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Total (in millions) Assets: Interest rate derivatives - cash flow hedges $ — $ 41 $ — $ 41 $ — $ 24 $ — $ 24 Foreign currency derivatives - cash flow hedges — 2 — 2 — 1 — 1 Cross-currency interest rate derivatives - fair value hedges — 9 — 9 — 19 — 19 Cross-currency interest rate derivatives — 37 — 37 — 79 — 79 Equity securities (a) 105 — 130 235 109 — 103 212 Total assets $ 105 $ 89 $ 130 $ 324 $ 109 $ 123 $ 103 $ 335 Liabilities: Cross-currency interest rate derivatives - fair value hedges — (1) — (1) — — — — Cross-currency interest rate derivatives — (2) — (2) — — — — Total liabilities $ — $ (3) $ — $ (3) $ — $ — $ — $ — ________________________ (a) See Note 6—Investments.
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 fiscal year ended June 30, 2023 2022 (in millions) Balance—beginning of year $ 103 $ 116 Additions (a) 31 28 Sales (3) — Returns of capital (6) (45) Measurement adjustments 1 23 Foreign exchange and other (b) 4 (19) Balance—end of year $ 130 $ 103 ________________________ (a) Primarily relates to Dow Jones’ investment in an artificial intelligence-focused data analytics company during the fiscal year ended June 30, 2023. (b) During the fiscal year ended June 30, 2022, the Company reclassified its investment in an equity security from Level 3 to Level 1 within the fair value hierarchy as the investment became publicly traded in the first quarter of fiscal 2022.
Summary of Hedges Classified as Current or Non-Current in Balance Sheets Based on Maturity Dates	Derivatives are classified as current or non-current in the Balance Sheets based on their maturity dates. Refer to the table below for further details: Fair value as of June 30, Balance Sheet Location 2023 2022 (in millions) Interest rate derivatives - cash flow hedges Other current assets $ 21 $ 4 Foreign currency derivatives - cash flow hedges Other current assets 2 1 Cross-currency interest rate derivatives - fair value hedges Other current assets — 11 Cross-currency interest rate derivatives Other current assets 1 46 Interest rate derivatives - cash flow hedges Other non-current assets 20 20 Cross-currency interest rate derivatives - fair value hedges Other non-current assets 9 8 Cross-currency interest rate derivatives Other non-current assets 36 33 Cross-currency interest rate derivatives - fair value hedges Other current liabilities (1) — Cross-currency interest rate derivatives Other current liabilities (2) —
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 had on Accumulated other comprehensive loss and the Statements of Operations during the fiscal years ended June 30, 2023, 2022 and 2021 for both derivatives designated as cash flow hedges that continue to be highly effective and derivatives initially designated as cash flow hedges but for which hedge accounting was discontinued as of December 31, 2020: Gain (loss) recognized in Accumulated Other Comprehensive Loss for the fiscal year ended June 30, Income statement location 2023 2022 2021 (in millions) Foreign currency derivatives—cash flow hedges $ — $ 2 $ 3 Operating expenses Cross-currency interest rate derivatives — — (15) Interest expense, net Interest rate derivatives—cash flow hedges 29 30 — Interest expense, net Total $ 29 $ 32 $ (12) (Gain) loss reclassified from Accumulated Other Comprehensive Loss for the fiscal year ended June 30, Income statement location 2023 2022 2021 (in millions) Foreign currency derivatives—cash flow hedges $ — $ — $ (1) Operating expenses Cross-currency interest rate derivatives (1) (4) 11 Interest expense, net Interest rate derivatives—cash flow hedges (12) (2) 5 Interest expense, net Total $ (13) $ (6) $ 15
Schedule of Effects of Fair Value Hedging Relationships in Financial Position	The following sets forth the effect of fair value hedging relationships on hedged items in the Balance Sheets as of June 30, 2023 and 2022: As of June 30, 2023 2022 Borrowings: (in millions) Carrying amount of hedged item $ 28 $ 68 Cumulative hedging adjustments included in the carrying amount — 2

Stockholders' Equity (Tables)

Stockholders' Equity (Tables)	12 Months Ended
	Jun. 30, 2023
Stockholders' Equity Note [Abstract]
Summary of dividends paid per share	The following table summarizes the dividends declared and paid per share on both the Company’s Class A Common Stock and Class B Common Stock: For the fiscal years ended June 30, 2023 2022 2021 Cash dividends paid per share $ 0.20 $ 0.20 $ 0.20

Equity-Based Compensation (Tabl

Equity-Based Compensation (Tables)	12 Months Ended
	Jun. 30, 2023
Share-Based Payment Arrangement [Abstract]
Summary of Equity-Based Compensation Expense from Continuing Operations	The following table summarizes the Company’s equity-based compensation expense reported in the Statements of Operations: For the fiscal years ended June 30, 2023 2022 2021 (in millions) Total equity compensation expense $ 92 $ 59 $ 128
Summary of Activity from Continuing and Discontinued Operations Related to Target PSUs and RSUs Settled in Shares	The following table summarizes the activity related to the target PSUs and RSUs granted to participants that will be settled in shares of the Company (PSUs and RSUs in thousands): Fiscal 2023 Fiscal 2022 Fiscal 2021 Number of shares Weighted average grant- date fair value Number of shares Weighted average grant- date fair value Number of shares Weighted average grant- date fair value PSUs and RSUs Unvested units at beginning of the year 6,297 $ 18.65 7,022 $ 14.61 7,717 $ 13.39 Granted (a) 4,665 18.13 3,475 21.96 3,546 15.59 Vested (3,487) 16.32 (3,526) 13.56 (3,676) 13.30 Cancelled (b) (711) 19.59 (674) 19.12 (565) 15.05 Unvested units at the end of the year 6,764 $ 19.40 6,297 $ 18.65 7,022 $ 14.61 ________________________ (a) For fiscal 2023, includes 0.8 million target PSUs and 3.4 million RSUs granted and a payout adjustment of 0.5 million PSUs due to the actual performance level achieved for PSUs granted in fiscal 2020 that vested during fiscal 2023. For fiscal 2022, includes 0.6 million target PSUs and 2.4 million RSUs granted and a payout adjustment of 0.5 million PSUs due to the actual performance level achieved for PSUs granted in fiscal 2019 that vested during fiscal 2022. For fiscal 2021, includes 0.8 million target PSUs and 2.4 million RSUs granted and a payout adjustment of 0.3 million PSUs due to the actual performance level achieved for PSUs granted in fiscal 2018 that vested during fiscal 2021. (b) For fiscal 2023, includes 0.1 million of target PSUs and 0.6 million RSUs cancelled. For fiscal 2022, includes 0.2 million of target PSUs and 0.5 million RSUs cancelled. For fiscal 2021, includes 0.3 million of target PSUs and 0.3 million RSUs cancelled.

Earnings (Loss) Per Share (Tabl

Earnings (Loss) Per Share (Tables)	12 Months Ended
	Jun. 30, 2023
Earnings Per Share [Abstract]
Computation of Basic and Diluted Earnings (Loss) per Share	The following tables set forth the computation of basic and diluted earnings (loss) per share under ASC 260, “Earnings per Share”: For the fiscal years ended June 30, 2023 2022 2021 (in millions, except per share amounts) Net income $ 187 $ 760 $ 389 Less: Net income attributable to noncontrolling interests (38) (137) (59) Net income attributable to News Corporation stockholders $ 149 $ 623 $ 330 Weighted-average number of shares of common stock outstanding—basic 576.4 589.5 590.4 Dilutive effect of equity awards 2.4 3.0 3.0 Weighted-average number of shares of common stock outstanding—diluted 578.8 592.5 593.4 Net income attributable to News Corporation stockholders per share - basic $ 0.26 $ 1.06 $ 0.56 Net income attributable to News Corporation stockholders per share - diluted $ 0.26 $ 1.05 $ 0.56

Related Party Transactions (Tab

Related Party Transactions (Tables)	12 Months Ended
	Jun. 30, 2023
Related Party Transactions [Abstract]
Schedule of Net Revenue from Related Parties	The following table sets forth the net revenue from related parties included in the Statements of Operations: For the fiscal years ended June 30, 2023 2022 2021 (in millions) Related party revenue (expense), net $ (11) $ (10) $ (35)
Schedule of Amount of Receivables Due from and Payable to Related Parties	The following table sets forth the amount of receivables due from and payables due to related parties outstanding on the Balance Sheets: As of June 30, 2023 2022 (in millions) Accounts receivable from related parties $ 8 $ 14 Accounts payable to related parties 7 10

Commitments and Contingencies (

Commitments and Contingencies (Tables)	12 Months Ended
	Jun. 30, 2023
Commitments and Contingencies Disclosure [Abstract]
Schedule of Commitments by Fiscal Year Maturity	The following table summarizes the Company’s material firm commitments as of June 30, 2023: As of June 30, 2023 Payments Due by Period Total Less than 1 year 1-3 years 3-5 years More than 5 years (in millions) Purchase obligations (a) $ 1,584 $ 562 $ 620 $ 355 $ 47 Sports programming rights (b) 3,732 501 1,073 950 1,208 Programming costs (c) 1,444 430 528 359 127 Operating leases (d) Transmission costs (e) 132 24 32 30 46 Land and buildings 1,606 136 257 199 1,014 Plant and machinery 8 4 4 — — Finance leases Transmission costs (e) 43 28 15 — — Borrowings (f) 2,945 333 562 550 1,500 Interest payments on borrowings (g) 613 120 189 163 141 Total commitments and contractual obligations $ 12,107 $ 2,138 $ 3,280 $ 2,606 $ 4,083 ________________________ (a) The Company has commitments under purchase obligations related to minimum subscriber guarantees for license fees, printing contracts, capital projects, marketing agreements, production services and other legally binding commitments. (b) The Company has sports programming rights commitments with the National Rugby League, Australian Football League and Cricket Australia, as well as certain other broadcast rights which are payable through fiscal 2032. (c) The Company has programming rights commitments with various suppliers for programming content. (d) The Company leases office facilities, warehouse facilities, printing plants, satellite services and equipment. These leases, which are classified as operating leases, are expected to be paid at certain dates through fiscal 2048. Amounts reflected represent only the Company’s lease obligations for which it has firm commitments. (e) The Company has contractual commitments for satellite transmission services. The Company’s satellite transponder services arrangements extend through fiscal 2032 and are accounted for as operating or finance leases, based on the underlying terms of those arrangements. (f) See Note 9—Borrowings. (g) Reflects the Company’s expected future interest payments based on borrowings outstanding and interest rates applicable at June 30, 2023. Such rates are subject to change in future periods. See Note 9—Borrowings.

Retirement Benefit Obligations

Retirement Benefit Obligations (Tables)	12 Months Ended
	Jun. 30, 2023
Retirement Benefits [Abstract]
Schedule of Amounts Recognized in Balance Sheets	The Company recognized these amounts in the Balance Sheets at June 30, 2023 and 2022 as follows: Pension Benefits Domestic Foreign Postretirement Total 2023 2022 2023 2022 2023 2022 2023 2022 (in millions) Other non-current assets $ — $ — $ 134 $ 133 $ — $ — $ 134 $ 133 Other current liabilities — — (6) (2) (7) (8) (13) (10) Retirement benefit obligations (37) (40) (45) (55) (52) (60) (134) (155) Net amount recognized $ (37) $ (40) $ 83 $ 76 $ (59) $ (68) $ (13) $ (32)
Schedule of Change in Projected Benefit Obligation, Change in Fair Value of Plan Assets and Funded Status	The following table sets forth the change in the projected benefit obligation, change in the fair value of the Company’s plan assets and funded status: Pension Benefits Domestic Foreign Postretirement Total As of June 30, 2023 2022 2023 2022 2023 2022 2023 2022 (in millions) Projected benefit obligation, beginning of the year $ 260 $ 339 $ 755 $ 1,124 $ 68 $ 86 $ 1,083 $ 1,549 Service cost — — 1 1 — — 1 1 Interest cost 11 7 27 17 2 1 40 25 Benefits paid (21) (18) (42) (43) (7) (7) (70) (68) Settlements (a) — (12) (5) (12) — — (5) (24) Actuarial gain (b) (9) (56) (114) (216) (4) (11) (127) (283) Foreign exchange rate changes — — 24 (116) — (1) 24 (117) Projected benefit obligation, end of the year 241 260 646 755 59 68 946 1,083 Change in the fair value of plan assets for the Company’s benefit plans: Fair value of plan assets, beginning of the year 220 285 831 1,162 — — 1,051 1,447 Actual return on plan assets 5 (49) (97) (166) — — (92) (215) Employer contributions — 14 14 15 — — 14 29 Benefits paid (21) (18) (42) (43) — — (63) (61) Settlements (a) — (12) (5) (12) — — (5) (24) Foreign exchange rate changes — — 28 (125) — — 28 (125) Fair value of plan assets, end of the year 204 220 729 831 — — 933 1,051 Funded status $ (37) $ (40) $ 83 $ 76 $ (59) $ (68) $ (13) $ (32) ________________________ (a) Amounts related to payments made to former employees of the Company in full settlement of their pension benefits. (b) Actuarial gains for fiscal 2023 and fiscal 2022 for domestic and international pension plans primarily relate to the increase in discount rates used in measuring plan obligations as of June 30, 2023 and 2022.
Schedule of Amounts Recognized in Accumulated Other Comprehensive Loss	Amounts recognized in Accumulated other comprehensive loss consist of: Pension Benefits Domestic Foreign Postretirement Total As of June 30, 2023 2022 2023 2022 2023 2022 2023 2022 (in millions) Actuarial losses (gains) $ 118 $ 126 $ 342 $ 325 $ (8) $ (5) $ 452 $ 446 Prior service cost (benefit) — — 7 7 (28) (32) (21) (25) Net amounts recognized $ 118 $ 126 $ 349 $ 332 $ (36) $ (37) $ 431 $ 421
Schedule of Accumulated and Projected Benefit Obligations and Fair Value of Plan Assets for Funded and Unfunded Pension Plans	Below is information about funded and unfunded pension plans: Domestic Pension Benefits Funded Plans Unfunded Plans Total As of June 30, 2023 2022 2023 2022 2023 2022 (in millions) Projected benefit obligation $ 234 $ 253 $ 7 $ 7 $ 241 $ 260 Accumulated benefit obligation 234 253 7 7 241 260 Fair value of plan assets 204 220 — — 204 220 Foreign Pension Benefits Funded Plans Unfunded Plans Total As of June 30, 2023 2022 2023 2022 2023 2022 (in millions) Projected benefit obligation $ 599 $ 701 $ 47 $ 54 $ 646 $ 755 Accumulated benefit obligation 595 697 47 54 642 751 Fair value of plan assets 729 831 — — 729 831
Schedule of Accumulated Benefit Obligation Exceeds Fair Value of Plan Assets	The accumulated benefit obligation exceeds the fair value of plan assets for all domestic pension plans. Below is information about foreign pension plans in which the accumulated benefit obligation exceeds the fair value of the plan assets: Foreign Pension Benefits Funded Plans Unfunded Plans Total As of June 30, 2023 2022 2023 2022 2023 2022 (in millions) Projected benefit obligation $ 46 $ 49 $ 47 $ 54 $ 93 $ 103 Accumulated benefit obligation 46 49 47 54 93 103 Fair value of plan assets 43 46 — — 43 46
Schedule of Components of Net Periodic Benefits Costs (Income)	The amortization of amounts related to unrecognized prior service costs (credits), deferred losses and settlements, curtailments and other were reclassified out of Other comprehensive income as a component of net periodic benefit costs. The components of net periodic benefit costs (income) were as follows: Pension Benefits Domestic Foreign Postretirement Benefits Total For the fiscal years ended June 30, 2023 2022 2021 2023 2022 2021 2023 2022 2021 2023 2022 2021 (in millions) Service cost benefits earned during the period $ — $ — $ — $ 1 $ 1 $ 2 $ — $ — $ — $ 1 $ 1 $ 2 Interest costs on projected benefit obligations 11 7 7 27 17 16 2 1 2 40 25 25 Expected return on plan assets (11) (15) (13) (32) (36) (37) — — — (43) (51) (50) Amortization of deferred losses 5 5 5 14 14 15 — — — 19 19 20 Amortization of prior service credits — — — — — — (4) (4) (4) (4) (4) (4) Settlements, curtailments and other — 8 5 — 2 1 — — — — 10 6 Net periodic benefit costs (income) – Total $ 5 $ 5 $ 4 $ 10 $ (2) $ (3) $ (2) $ (3) $ (2) $ 13 $ — $ (1) Pension Benefits Domestic Foreign Postretirement Benefits For the fiscal years ended June 30, 2023 2022 2021 2023 2022 2021 2023 2022 2021 Additional information: Weighted-average assumptions used to determine benefit obligations Discount rate 5.4 % 4.9 % 2.9 % 5.4 % 3.9 % 1.9 % 5.5 % 4.6 % 2.4 % Rate of increase in future compensation N/A N/A N/A 3.9 % 3.9 % 3.6 % N/A N/A N/A Weighted-average assumptions used to determine net periodic benefit cost Discount rate for PBO 4.9 % 2.9 % 2.9 % 3.9 % 1.9 % 1.7 % 4.6 % 2.4 % 2.5 % Discount rate for Service Cost N/A 3.3 % 3.4 % 4.8 % 1.8 % 1.8 % 4.9 % 2.8 % 2.9 % Discount rate for Interest on PBO 4.6 % 2.2 % 2.2 % 3.8 % 1.6 % 1.5 % 4.3 % 1.7 % 1.8 % Expected return on plan assets 5.5 % 5.8 % 5.5 % 3.9 % 3.3 % 3.3 % N/A N/A N/A Rate of increase in future compensation N/A N/A N/A 3.9 % 3.6 % 3.1 % N/A N/A N/A ________________________ N/A—not applicable
Schedule of Assumptions Used	The following assumed health care cost trend rates as of June 30 were also used in accounting for postretirement benefits: Postretirement benefits Fiscal 2023 Fiscal 2022 Health care cost trend rate 6.9 % 6.4 % Rate to which the cost trend rate is assumed to decline (the ultimate trend rate) 5.2 % 4.5 % Year that the rate reaches the ultimate trend rate 2031 2030
Schedule of Health Care Cost Trend Rates	The following assumed health care cost trend rates as of June 30 were also used in accounting for postretirement benefits: Postretirement benefits Fiscal 2023 Fiscal 2022 Health care cost trend rate 6.9 % 6.4 % Rate to which the cost trend rate is assumed to decline (the ultimate trend rate) 5.2 % 4.5 % Year that the rate reaches the ultimate trend rate 2031 2030
Schedule of Expected Benefit Payments	The following table sets forth the estimated benefit payments for the next five fiscal years, and in aggregate for the five fiscal years thereafter. The expected benefits are estimated based on the same assumptions used to measure the Company’s benefit obligation at the end of the fiscal year and include benefits attributable to estimated future employee service: Expected Benefit Payments Pension Benefits Postretirement Total Domestic Foreign (in millions) Fiscal year: 2024 $ 21 $ 97 $ 7 $ 125 2025 19 45 7 71 2026 19 43 6 68 2027 19 43 6 68 2028 19 43 6 68 2029-2033 90 209 23 322
Schedule of Allocation of Plan Assets	The table below presents the Company’s plan assets by level within the fair value hierarchy, as described in Note 2—Summary of Significant Accounting Policies, as of June 30, 2023 and 2022: Fiscal 2023 Fiscal 2022 Fair Value Measurements at Fair Value Measurements at Total Level 1 Level 2 Level 3 NAV Total Level 1 Level 2 Level 3 NAV (in millions) Assets Pooled funds: (a) Domestic equity funds $ 37 $ — $ — $ — $ 37 $ 37 $ — $ — $ — $ 37 International equity funds 94 — 48 — 46 112 — 67 — 45 Domestic fixed income funds 112 — — — 112 106 — — — 106 International fixed income funds 546 — 444 — 102 666 — 487 — 179 Balanced funds 42 — 42 — — 46 — 46 — — Other 102 78 — 6 18 84 53 — 7 24 Total $ 933 $ 78 $ 534 $ 6 $ 315 $ 1,051 $ 53 $ 600 $ 7 $ 391 ________________________ (a) Open-ended pooled funds that are registered and/or available to the general public are valued at the daily published net asset value (“NAV”). Other pooled funds are valued at the NAV provided by the fund issuer.
Summary of Changes in Fair Value of Investments Reflected as Level 3 Assets	The table below sets forth a summary of changes in the fair value of investments reflected as Level 3 assets as of June 30, 2023 and 2022: Level 3 (in millions) Balance, June 30, 2021 $ 10 Actual return on plan assets: Relating to assets still held at end of period (2) Relating to assets sold during the period — Purchases, sales, settlements and issuances (1) Transfers in and out of Level 3 — Balance, June 30, 2022 $ 7 Actual return on plan assets: Relating to assets still held at end of period (1) Relating to assets sold during the period — Purchases, sales, settlements and issuances — Transfers in and out of Level 3 — Balance, June 30, 2023 $ 6
Schedule of Weighted-Average Asset Allocations, by Asset Category	The Company’s benefit plan weighted-average asset allocations, by asset category, are as follows: Pension Assets As of June 30, 2023 2022 Asset Category: Equity securities 15 % 15 % Debt securities 72 % 75 % Cash and other 13 % 10 % Total 100 % 100 %

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Jun. 30, 2023
Income Tax Disclosure [Abstract]
Schedule of (Loss) Income from Continuing Operations Before Income Tax Expense (Benefit) Attributable to Jurisdictions	Income before income tax expense was attributable to the following jurisdictions: For the fiscal years ended June 30, 2023 2022 2021 (in millions) U.S. $ 74 $ 194 $ 266 Foreign 256 618 184 Income before income tax expense $ 330 $ 812 $ 450
Schedule of Components of Income Tax Expense (Benefit)	The significant components of the Company’s income tax expense were as follows: For the fiscal years ended June 30, 2023 2022 2021 (in millions) Current: U.S. Federal $ 1 $ — $ 5 State & Local 15 9 9 Foreign 125 160 133 Total current tax 141 169 147 Deferred: U.S. Federal (10) 54 (30) State & Local — 4 (1) Foreign 12 (175) (55) Total deferred tax 2 (117) (86) Total income tax expense $ 143 $ 52 $ 61
Effective Income Tax Rate Reconciliation	The reconciliation between the Company’s actual effective tax rate and the statutory U.S. Federal income tax rate was as follows: For the fiscal years ended June 30, 2023 2022 2021 U.S. federal income tax rate 21 % 21 % 21 % State and local taxes, net 4 1 2 Effect of foreign operations (a) 15 7 12 Change in valuation allowance (b) 1 (19) (16) Non-deductible goodwill and asset impairments 4 — 1 Non-deductible compensation and benefits 3 — 4 Remeasurement of deferred tax assets (c) — (2) (7) R&D tax credits (3) (1) (2) Impact of dispositions — (2) — Other (2) 1 (1) Effective tax rate 43 % 6 % 14 % ________________________ (a) The Company’s effective tax rate is impacted by the geographic mix of its pre-tax income. The Company’s foreign operations are located primarily in Australia and the United Kingdom (“U.K.”). Australia has a higher income tax rate than the U.S. and the U.K. has a lower tax rate than the U.S. through the fiscal year ended June 30, 2023. (b) For the fiscal year ended June 30, 2022, the Company released valuation allowances of $156 million, including $149 million related to certain Foreign deferred tax assets. For the fiscal year ended June 30, 2021, the Company released $75 million of valuation allowances, including $64 million related to certain U.S. deferred tax assets. (c) For the fiscal year ended June 30, 2022, the Company recorded a benefit of $18 million related to the remeasurement of its U.K. deferred tax assets. For the fiscal year ended June 30, 2021, the Company recorded a benefit of $34 million related to the remeasurement of its U.K. deferred tax assets which includes the enacted corporate income tax increase resulting from the Finance Act 2021.
Summary of Recognized Deferred Income Taxes in Balance Sheets	The Company recognized deferred income taxes in the Balance Sheets as follows: As of June 30, 2023 2022 (in millions) Deferred income tax assets $ 393 $ 422 Deferred income tax liabilities (163) (198) Net deferred tax assets $ 230 $ 224
Schedule of Components of Deferred Tax Assets and Liabilities	The significant components of the Company’s deferred tax assets and liabilities were as follows: As of June 30, 2023 2022 (in millions) Deferred tax assets: Accrued liabilities $ 150 $ 181 Capital loss carryforwards 1,163 1,135 Net operating loss carryforwards 360 408 Business tax credits 131 122 Operating lease liabilities 309 278 Other 138 116 Total deferred tax assets 2,251 2,240 Deferred tax liabilities: Asset basis difference and amortization (79) (163) Operating lease right-of-use asset (287) (257) Other (9) (8) Total deferred tax liabilities (375) (428) Net deferred tax asset before valuation allowance 1,876 1,812 Less: valuation allowance (See Note 22—Valuation and Qualifying Accounts) (1,646) (1,588) Net deferred tax assets $ 230 $ 224
Schedule of Income Tax Net Operating Loss Carryforwards (NOLs) (Gross, Net Uncertain Tax Benefits)	As of June 30, 2023, the Company had income tax net operating loss (“NOL”) carryforwards (gross, net of uncertain tax benefits) in various jurisdictions as follows: Jurisdiction Expiration Amount U.S. Federal 2024 to 2037 $ 116 U.S. Federal Indefinite 333 U.S. States Various 730 Australia Indefinite 319 U.K. Indefinite 28 Other Foreign Various 568
Change in Unrecognized Tax Benefits, Excluding Interest and Penalties	The following table sets forth the change in the Company’s unrecognized tax benefits, excluding interest and penalties: For the fiscal years ended June 30, 2023 2022 2021 (in millions) Balance, beginning of period $ 86 $ 69 $ 63 Additions for prior year tax positions 14 — — Additions for current year tax positions 17 28 4 Reduction for prior year tax positions — (1) (2) Lapse of the statute of limitations (2) (3) (3) Settlement—tax attributes (14) — — Impact of currency translations 4 (7) 7 Balance, end of period $ 105 $ 86 $ 69
Summary of Major Tax Jurisdictions and Fiscal Years Open to Examination	The following is a summary of major tax jurisdictions for which tax authorities may assert additional taxes based upon tax years currently under audit and subsequent years that could be audited by the respective taxing authorities. Jurisdiction Fiscal Years Open to Examination U.S. federal 2018, 2020-2022 U.S. states Various Australia 2015-2022 U.K. 2011-2022

Segment Information (Tables)

Segment Information (Tables)	12 Months Ended
	Jun. 30, 2023
Segment Reporting [Abstract]
Reconciliation of Revenue and Segment EBITDA from Segments to Consolidated	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). For the fiscal years ended June 30, 2023 2022 2021 (in millions) Revenues: Digital Real Estate Services $ 1,539 $ 1,741 $ 1,393 Subscription Video Services 1,942 2,026 2,072 Dow Jones 2,153 2,004 1,702 Book Publishing 1,979 2,191 1,985 News Media 2,266 2,423 2,205 Other — — 1 Total Revenues $ 9,879 $ 10,385 $ 9,358 Segment EBITDA: Digital Real Estate Services $ 457 $ 574 $ 514 Subscription Video Services 347 360 359 Dow Jones 494 433 332 Book Publishing 167 306 303 News Media 156 217 52 Other (201) (221) (287) Depreciation and amortization (714) (688) (680) Impairment and restructuring charges (150) (109) (168) Equity losses of affiliates (127) (13) (65) Interest expense, net (100) (99) (53) Other, net 1 52 143 Income before income tax expense 330 812 450 Income tax expense (143) (52) (61) Net income $ 187 $ 760 $ 389
Reconciliation of Depreciation and Amortization from Segments to Consolidated	For the fiscal years ended June 30, 2023 2022 2021 (in millions) Depreciation and amortization: Digital Real Estate Services $ 123 $ 112 $ 101 Subscription Video Services 302 321 332 Dow Jones 152 119 119 Book Publishing 49 49 36 News Media 81 79 84 Other 7 8 8 Total Depreciation and amortization $ 714 $ 688 $ 680 For the fiscal years ended June 30, 2023 2022 2021 (in millions) Capital expenditures: Digital Real Estate Services $ 130 $ 109 $ 78 Subscription Video Services 156 193 142 Dow Jones 91 77 62 Book Publishing 42 37 16 News Media 79 81 84 Other 1 2 8 Total Capital expenditures $ 499 $ 499 $ 390 As of June 30, 2023 2022 (in millions) Goodwill and intangible assets, net: Digital Real Estate Services $ 1,779 $ 1,823 Subscription Video Services 1,288 1,394 Dow Jones 3,298 3,346 Book Publishing 958 973 News Media 306 304 Other — — Total Goodwill and intangible assets, net $ 7,629 $ 7,840
Reconciliation of Assets from Segments to Consolidated	As of June 30, 2023 2022 (in millions) Total assets: Digital Real Estate Services $ 2,942 $ 2,989 Subscription Video Services 2,812 3,082 Dow Jones 4,305 4,368 Book Publishing 2,629 2,651 News Media 2,023 2,115 Other (a) 1,783 1,528 Investments 427 488 Total assets $ 16,921 $ 17,221 ________________________ (a) The Other segment primarily includes Cash and cash equivalents.
Revenue and Long-Lived Assets by Geographic Region	Geographic Segments For the fiscal years ended June 30, 2023 2022 2021 (in millions) Revenues: (a) U.S. and Canada (b) $ 3,967 $ 4,097 $ 3,550 Europe (c) 1,669 1,808 1,672 Australasia and Other (d) 4,243 4,480 4,136 Total Revenues $ 9,879 $ 10,385 $ 9,358 ________________________ (a) Revenues are attributed to region based on location of customer. (b) Revenues include approximately $3.8 billion for fiscal 2023, $4.0 billion for fiscal 2022 and $3.5 billion for fiscal 2021 from customers in the U.S. (c) Revenues include approximately $1.2 billion for fiscal 2023, $1.4 billion for fiscal 2022 and $1.3 billion for fiscal 2021 from customers in the U.K. (d) Revenues include approximately $3.9 billion for fiscal 2023, $4.2 billion for fiscal 2022 and $3.9 billion for fiscal 2021 from customers in Australia. As of June 30, 2023 2022 (in millions) Long-lived assets: (a) U.S. and Canada $ 1,623 $ 1,513 Europe 843 774 Australasia and Other 1,953 2,091 Total long-lived assets $ 4,419 $ 4,378 ________________________ (a) Reflects total assets less current assets, goodwill, intangible assets, investments and deferred income tax assets.

Additional Financial Informat_2

Additional Financial Information (Tables)	12 Months Ended
	Jun. 30, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Components of Other Non-Current Assets	The following table sets forth the components of Other non-current assets included in the Balance Sheets: As of June 30, 2023 2022 (in millions) Royalty advances to authors $ 376 $ 403 Retirement benefit assets 134 133 Inventory (a) 267 268 News America Marketing deferred consideration 157 142 Other 407 438 Total Other non-current assets $ 1,341 $ 1,384 ________________________ (a) Primarily consists of the non-current portion of programming rights.
Components of Other Current Liabilities	The following table sets forth the components of Other current liabilities: As of June 30, 2023 2022 (in millions) Royalties and commissions payable $ 206 $ 215 Current operating lease liabilities 112 139 Allowance for sales returns 154 173 Current tax payable 16 18 Other 465 430 Total Other current liabilities $ 953 $ 975
Components of Other, Net Included in Statements of Operations	The following table sets forth the components of Other, net included in the Statements of Operations: For the fiscal years ended June 30, 2023 2022 2021 (in millions) Remeasurement of equity securities $ (9) $ (59) $ 81 Dividends received from equity security investments 6 20 9 Gain on sale of businesses (a) — 98 18 Gain on remeasurement of previously-held interest (b) — 3 7 Gain on dilution of PropertyGuru investment (c) — 15 — Other 4 (25) 28 Total Other, net $ 1 $ 52 $ 143 ________________________ (a) During the fiscal year ended June 30, 2022, REA Group acquired an 18% interest in PropertyGuru in exchange for all shares of REA Group’s entities in Malaysia and Thailand. The Company recognized a gain of $107 million on the disposition of such entities. During the fiscal year ended June 30, 2021, Move sold the assets associated with its Top Producer professional software and service product and recognized an $18 million gain on the sale. (b) Relates to the acquisition of REA India in the fiscal year ended June 30, 2021. (c) During the fiscal year ended June 30, 2022, PropertyGuru completed its merger with Bridgetown 2 Holdings Limited. As a result of the merger and subsequent investments made in connection with the transaction, REA Group’s ownership interest in PropertyGuru was 17.5% and a gain of $15 million was recorded resulting from its ownership dilution in the transaction.
Summary of Supplemental Cash Flow Information	The following table sets forth the Company’s gross cash paid for taxes and interest: For the fiscal years ended June 30, 2023 2022 2021 (in millions) Cash paid for interest $ 117 $ 96 $ 55 Cash paid for taxes 150 180 176
Components of Accumulated Other Comprehensive Loss	The components of Accumulated other comprehensive loss were as follows: For the fiscal years ended June 30, 2023 2022 2021 (in millions) Accumulated other comprehensive loss, net of tax: Cash flow hedge adjustments: Balance, beginning of year 21 — 2 Fiscal year activity (a) 12 21 (2) Balance, end of year 33 21 — Benefit Plan Adjustments: Balance, beginning of year (321) (392) (394) Fiscal year activity (b) (7) 71 2 Balance, end of year (328) (321) (392) Foreign currency translation adjustments: Balance, beginning of year (970) (549) (939) Fiscal year activity 18 (421) 390 Balance, end of year (952) (970) (549) Total accumulated other comprehensive loss, net of tax: Balance, beginning of year (1,270) (941) (1,331) Fiscal year activity, net of income taxes (c) 23 (329) 390 Balance, end of year $ (1,247) $ (1,270) $ (941) ________________________ (a) Net of income tax expense of $4 million, $7 million and nil for the fiscal years ended June 30, 2023, 2022 and 2021 respectively. (b) Net of income tax (benefit) expense of $(2) million, $19 million and $(1) million for the fiscal years ended June 30, 2023, 2022 and 2021, respectively. (c) Excludes $(18) million, $(97) million and $78 million relating to noncontrolling interests for the fiscal years ended June 30, 2023, 2022 and 2021, respectively.

Valuation and Qualifying Acco_2

Valuation and Qualifying Accounts (Tables)	12 Months Ended
	Jun. 30, 2023
SEC Schedule, 12-09, Valuation and Qualifying Accounts [Abstract]
Schedule of Valuation and Qualifying Accounts	Balance at beginning of year Additions Acquisitions and disposals Utilization Foreign exchange Balance at end of year (in millions) Fiscal 2023 Allowances for doubtful accounts $ (67) $ (10) $ — $ 19 $ 1 $ (57) Allowances for sales returns (173) (516) — 536 (1) (154) Deferred tax valuation allowance (1,588) (71) — 15 (2) (1,646) Fiscal 2022 Allowances for doubtful accounts $ (71) $ (6) $ — $ 7 $ 3 $ (67) Allowances for sales returns (190) (554) (1) 564 8 (173) Deferred tax valuation allowance (1,765) (237) (8) 232 190 (1,588) Fiscal 2021 Allowances for doubtful accounts $ (73) $ (5) $ (3) $ 15 $ (5) $ (71) Allowances for sales returns (174) (514) (8) 511 (5) (190) Deferred tax valuation allowance (1,546) (180) 10 100 (149) (1,765)

Summary of Significant Accoun_4

Summary of Significant Accounting Policies - Additional Information (Detail) - USD ($) $ in Millions	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
Significant Accounting Policies [Line Items]
Cash and cash equivalents	$ 1,833	$ 1,822
Restricted cash	0	0
Amortization expense of amortizable intangible assets	159	140	$ 112
2024	155
2025	152
2026	149
Advertising and promotional expenses	508	596	$ 550
Undistributed earnings of foreign subsidiaries, indefinitely reinvested	$ 800
Minimum
Significant Accounting Policies [Line Items]
Property, plant and equipment, useful life	2 years
Unearned advances write-off period	12 months
Minimum | Capitalized software
Significant Accounting Policies [Line Items]
Property, plant and equipment, useful life	2 years
Maximum
Significant Accounting Policies [Line Items]
Property, plant and equipment, useful life	50 years
Unearned advances write-off period	24 months
Maximum | Capitalized software
Significant Accounting Policies [Line Items]
Property, plant and equipment, useful life	15 years
Programming rights
Significant Accounting Policies [Line Items]
Amortization expense of amortizable intangible assets	$ 284
2024	149
2025	51
2026	20
REA Group
Significant Accounting Policies [Line Items]
Cash and cash equivalents	$ 173	$ 169

Summary of Significant Accoun_5

Summary of Significant Accounting Policies - Components of Receivables, Net (Detail) - USD ($) $ in Millions	Jun. 30, 2023	Jun. 30, 2022
Accounting Policies [Abstract]
Receivables	$ 1,482	$ 1,569
Less: allowances	(57)	(67)
Receivables, net	$ 1,425	$ 1,502

Revenues - Additional Informati

Revenues - Additional Information (Detail) $ in Millions	12 Months Ended
	Jun. 30, 2023 USD ($)
Revenue from Contract with Customer [Abstract]
Revenue from performance obligation	$ 389

Revenues - Summary of Disaggreg

Revenues - Summary of Disaggregated Revenue by Type and by Segment (Detail) - USD ($) $ in Millions	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
Disaggregation of Revenue [Line Items]
Revenues	$ 9,879	$ 10,385	$ 9,358
Circulation and subscription
Disaggregation of Revenue [Line Items]
Revenues	4,447	4,425	4,206
Advertising
Disaggregation of Revenue [Line Items]
Revenues	1,687	1,821	1,594
Consumer
Disaggregation of Revenue [Line Items]
Revenues	1,899	2,106	1,908
Real estate
Disaggregation of Revenue [Line Items]
Revenues	1,189	1,347	1,153
Other
Disaggregation of Revenue [Line Items]
Revenues	657	686	497
Digital Real Estate Services
Disaggregation of Revenue [Line Items]
Revenues	1,539	1,741	1,393
Digital Real Estate Services | Circulation and subscription
Disaggregation of Revenue [Line Items]
Revenues	12	13	25
Digital Real Estate Services | Advertising
Disaggregation of Revenue [Line Items]
Revenues	140	135	126
Digital Real Estate Services | Consumer
Disaggregation of Revenue [Line Items]
Revenues	0	0	0
Digital Real Estate Services | Real estate
Disaggregation of Revenue [Line Items]
Revenues	1,189	1,347	1,153
Digital Real Estate Services | Other
Disaggregation of Revenue [Line Items]
Revenues	198	246	89
Subscription Video Services
Disaggregation of Revenue [Line Items]
Revenues	1,942	2,026	2,072
Subscription Video Services | Circulation and subscription
Disaggregation of Revenue [Line Items]
Revenues	1,671	1,753	1,825
Subscription Video Services | Advertising
Disaggregation of Revenue [Line Items]
Revenues	227	232	210
Subscription Video Services | Consumer
Disaggregation of Revenue [Line Items]
Revenues	0	0	0
Subscription Video Services | Real estate
Disaggregation of Revenue [Line Items]
Revenues	0	0	0
Subscription Video Services | Other
Disaggregation of Revenue [Line Items]
Revenues	44	41	37
Dow Jones
Disaggregation of Revenue [Line Items]
Revenues	2,153	2,004	1,702
Dow Jones | Circulation and subscription
Disaggregation of Revenue [Line Items]
Revenues	1,689	1,516	1,296
Dow Jones | Advertising
Disaggregation of Revenue [Line Items]
Revenues	413	449	373
Dow Jones | Consumer
Disaggregation of Revenue [Line Items]
Revenues	0	0	0
Dow Jones | Real estate
Disaggregation of Revenue [Line Items]
Revenues	0	0	0
Dow Jones | Other
Disaggregation of Revenue [Line Items]
Revenues	51	39	33
Book Publishing
Disaggregation of Revenue [Line Items]
Revenues	1,979	2,191	1,985
Book Publishing | Circulation and subscription
Disaggregation of Revenue [Line Items]
Revenues	0	0	0
Book Publishing | Advertising
Disaggregation of Revenue [Line Items]
Revenues	0	0	0
Book Publishing | Consumer
Disaggregation of Revenue [Line Items]
Revenues	1,899	2,106	1,908
Book Publishing | Real estate
Disaggregation of Revenue [Line Items]
Revenues	0	0	0
Book Publishing | Other
Disaggregation of Revenue [Line Items]
Revenues	80	85	77
News Media
Disaggregation of Revenue [Line Items]
Revenues	2,266	2,423	2,205
News Media | Circulation and subscription
Disaggregation of Revenue [Line Items]
Revenues	1,075	1,143	1,060
News Media | Advertising
Disaggregation of Revenue [Line Items]
Revenues	907	1,005	885
News Media | Consumer
Disaggregation of Revenue [Line Items]
Revenues	0	0	0
News Media | Real estate
Disaggregation of Revenue [Line Items]
Revenues	0	0	0
News Media | Other
Disaggregation of Revenue [Line Items]
Revenues	284	275	260
Other
Disaggregation of Revenue [Line Items]
Revenues	0	0	1
Other | Circulation and subscription
Disaggregation of Revenue [Line Items]
Revenues	0	0	0
Other | Advertising
Disaggregation of Revenue [Line Items]
Revenues	0	0	0
Other | Consumer
Disaggregation of Revenue [Line Items]
Revenues	0	0	0
Other | Real estate
Disaggregation of Revenue [Line Items]
Revenues	0	0	0
Other | Other
Disaggregation of Revenue [Line Items]
Revenues	$ 0	$ 0	$ 1

Revenues - Summary of Deferred

Revenues - Summary of Deferred Revenue from Contract with Customers (Detail) - USD ($) $ in Millions	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Contract with Customer, Liability [Roll Forward]
Beginning balance	$ 604	$ 473
Deferral of revenue	3,624	3,558
Recognition of deferred revenue	(3,606)	(3,477)
Other	0	50
Ending balance	622	604
Oil Price Information Service and Chemical Market Analytics
Disaggregation of Revenue [Line Items]
Deferred revenue		68
Deferred Revenue
Disaggregation of Revenue [Line Items]
Recognition of deferred revenue	$ 561	$ 435

Revenues - Practical expedients

Revenues - Practical expedients and other revenue disclosures (Detail) $ in Millions	12 Months Ended
	Jun. 30, 2023 USD ($)
Disaggregation of Revenue [Line Items]
Revenue from performance obligation	$ 389
Revenue from remaining performance obligation	1,219
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2023-07-01
Disaggregation of Revenue [Line Items]
Revenue from remaining performance obligation	$ 443
Expected timing of satisfaction	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2024-07-01
Disaggregation of Revenue [Line Items]
Revenue from remaining performance obligation	$ 233
Expected timing of satisfaction	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2025-07-01
Disaggregation of Revenue [Line Items]
Revenue from remaining performance obligation	$ 183
Expected timing of satisfaction	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2026-07-01
Disaggregation of Revenue [Line Items]
Expected timing of satisfaction

Acquisitions, Disposals and O_2

Acquisitions, Disposals and Other Transactions (Detail) $ in Millions, $ in Millions

1 Months Ended

12 Months Ended

Jun. 30, 2022 USD ($)

Feb. 28, 2022 USD ($)

Jun. 30, 2021 USD ($)

Jun. 30, 2021 AUD ($)

May 31, 2021 USD ($)

Dec. 31, 2020 USD ($)

Jun. 30, 2023 USD ($)

Jun. 30, 2022 USD ($)

Jun. 30, 2021 USD ($)

Sep. 30, 2021

Aug. 31, 2021 board_member

Jun. 30, 2021 AUD ($)

Mar. 31, 2021

Nov. 30, 2020

Schedule Of Business Acquisitions And Divestitures [Line Items]

Goodwill

$ 5,169

$ 4,653

$ 5,140

$ 5,169

$ 4,653

Consideration transferred

17

1,501

886

Previously held equity interest

$ 15

Nonoperating Income (Expense)

Schedule Of Business Acquisitions And Divestitures [Line Items]

Gain on dilution of equity interests

0

15

0

Business acquisition recognized gain resulting from remeasurement of previously held equity interest

7

$ 0

$ 3

7

Elara

Schedule Of Business Acquisitions And Divestitures [Line Items]

Business acquisition purchase price allocation, amortizable and indefinite-lived intangible assets

31

Business acquisition purchase price allocation, amortizable intangible assets

19

Goodwill

$ 113

Ownership percentage

26.60%

26.60%

Increase in equity interest in acquiree

39%

22.10%

Tangible liabilities

$ 5

REA Group | PropertyGuru Pte. Ltd.

Schedule Of Business Acquisitions And Divestitures [Line Items]

Ownership percentage

18%

18%

18%

18%

Equity method investment, diluted ownership percentage

17.50%

17.50%

16.60%

REA Group | PropertyGuru Pte. Ltd. | Other, Net

Schedule Of Business Acquisitions And Divestitures [Line Items]

Gain on dilution of equity interests

$ 15

REA Group | PropertyGuru Pte. Ltd. | Nonoperating Income (Expense)

Schedule Of Business Acquisitions And Divestitures [Line Items]

Gain on dilution of equity interests

15

REA Group | 99.co

Schedule Of Business Acquisitions And Divestitures [Line Items]

Ownership percentage

27%

Number of Board Director's seats acquired | board_member

1

ReaGroup Limited

Schedule Of Business Acquisitions And Divestitures [Line Items]

Dilution of ownership interest

0.20%

Ownership percentage after all transactions

61.40%

ReaGroup Limited | Elara

Schedule Of Business Acquisitions And Divestitures [Line Items]

Increase in equity interest in acquiree

0.80%

Trade Names | Elara

Schedule Of Business Acquisitions And Divestitures [Line Items]

Business acquisition purchase price allocation, indefinite-lived intangible assets

$ 12

Technology | Elara

Schedule Of Business Acquisitions And Divestitures [Line Items]

Finite lived intangible assets, weighted average useful life

5 years

OPIS

Schedule Of Business Acquisitions And Divestitures [Line Items]

Consideration transferred

$ 1,150

Deferred revenue

1

Business acquisition purchase price allocation, amortizable and indefinite-lived intangible assets

620

Goodwill

538

OPIS | Trade Names

Schedule Of Business Acquisitions And Divestitures [Line Items]

Business acquisition purchase price allocation, indefinite-lived intangible assets

48

OPIS | Customer Relationships

Schedule Of Business Acquisitions And Divestitures [Line Items]

Business acquisition purchase price allocation, amortizable intangible assets

$ 528

Finite lived intangible assets, weighted average useful life

20 years

OPIS | Trade Names

Schedule Of Business Acquisitions And Divestitures [Line Items]

Business acquisition purchase price allocation, indefinite-lived intangible assets

$ 54

OPIS | Technology

Schedule Of Business Acquisitions And Divestitures [Line Items]

Business acquisition purchase price allocation, amortizable intangible assets

$ 38

Finite lived intangible assets, weighted average useful life

6 years

Base Chemicals

Schedule Of Business Acquisitions And Divestitures [Line Items]

Deferred revenue

$ 22

22

Business acquisition purchase price allocation, amortizable and indefinite-lived intangible assets

189

189

Goodwill

121

121

Business acquisition, cost of acquired entity, cash paid

295

Base Chemicals | Customer Relationships

Schedule Of Business Acquisitions And Divestitures [Line Items]

Business acquisition purchase price allocation, amortizable intangible assets

$ 145

145

Finite lived intangible assets, weighted average useful life

20 years

Base Chemicals | Trade Names

Schedule Of Business Acquisitions And Divestitures [Line Items]

Business acquisition purchase price allocation, amortizable intangible assets

$ 13

13

Finite lived intangible assets, weighted average useful life

20 years

Base Chemicals | Technology

Schedule Of Business Acquisitions And Divestitures [Line Items]

Business acquisition purchase price allocation, amortizable intangible assets

$ 31

31

Finite lived intangible assets, weighted average useful life

14 years

UpNest, Inc.

Schedule Of Business Acquisitions And Divestitures [Line Items]

Goodwill

$ 40

40

Consideration transferred

45

Contingent consideration liability

$ 15

15

Performance objective period

2 years

Contingent liability

$ 8

8

Post-closing claims

9

UpNest, Inc. | Customer Relationship and Technology Platforms

Schedule Of Business Acquisitions And Divestitures [Line Items]

Business acquisition purchase price allocation, amortizable intangible assets

$ 16

$ 16

Avail

Schedule Of Business Acquisitions And Divestitures [Line Items]

Goodwill

$ 32

Business acquisition, cost of acquired entity, cash paid

36

Contingent consideration liability

$ 4

Performance objective period

3 years

Post-closing claims

$ 6

Cash acquired

4

Contingent consideration

8

Avail | Technology

Schedule Of Business Acquisitions And Divestitures [Line Items]

Business acquisition purchase price allocation, amortizable intangible assets

$ 7

Finite lived intangible assets, weighted average useful life

5 years

Elara

Schedule Of Business Acquisitions And Divestitures [Line Items]

Consideration transferred

$ 138

Business acquisition, cost of acquired entity, cash paid

69

Minority interest value

37

Previously held equity interest

$ 22

Elara | ReaGroup Limited

Schedule Of Business Acquisitions And Divestitures [Line Items]

Equity interest in acquiree

59.70%

Ownership percentage after all transactions

73.30%

Elara | ReaGroup Limited | Elara

Schedule Of Business Acquisitions And Divestitures [Line Items]

Equity interest in acquiree

13.50%

Investor's Business Daily

Schedule Of Business Acquisitions And Divestitures [Line Items]

Consideration transferred

$ 275

Deferred revenue

16

Business acquisition purchase price allocation, amortizable and indefinite-lived intangible assets

123

Business acquisition purchase price allocation, indefinite-lived intangible assets

51

Goodwill

166

Investor's Business Daily | Technology

Schedule Of Business Acquisitions And Divestitures [Line Items]

Business acquisition purchase price allocation, amortizable intangible assets

$ 20

Finite lived intangible assets, weighted average useful life

7 years

Investor's Business Daily | Subscriber Relationships

Schedule Of Business Acquisitions And Divestitures [Line Items]

Business acquisition purchase price allocation, amortizable intangible assets

$ 43

Finite lived intangible assets, weighted average useful life

7 years

HMH Books and Media

Schedule Of Business Acquisitions And Divestitures [Line Items]

Business acquisition purchase price allocation, amortizable and indefinite-lived intangible assets

$ 141

Goodwill

125

Business acquisition, cost of acquired entity, cash paid

349

Business combination purchase price allocation, receivables

83

HMH Books and Media | Backlist Titles

Schedule Of Business Acquisitions And Divestitures [Line Items]

Business acquisition purchase price allocation, amortizable intangible assets

$ 104

Finite lived intangible assets, weighted average useful life

9 years

HMH Books and Media | Publishing Licenses

Schedule Of Business Acquisitions And Divestitures [Line Items]

Business acquisition purchase price allocation, amortizable intangible assets

$ 32

Finite lived intangible assets, weighted average useful life

9 years

Mortgage Choice | REA Group

Schedule Of Business Acquisitions And Divestitures [Line Items]

Business acquisition purchase price allocation, amortizable and indefinite-lived intangible assets

56

56

$ 74

Business acquisition purchase price allocation, indefinite-lived intangible assets

8

8

11

Goodwill

76

76

100

Business acquisition, cost of acquired entity, cash paid

183

$ 244

Net assets acquired

53

53

70

Mortgage Choice | Franchise Rights | REA Group

Schedule Of Business Acquisitions And Divestitures [Line Items]

Business acquisition purchase price allocation, amortizable intangible assets

$ 35

35

46

Finite lived intangible assets, weighted average useful life

17 years

17 years

Mortgage Choice | Computer Software | REA Group

Schedule Of Business Acquisitions And Divestitures [Line Items]

Business acquisition purchase price allocation, amortizable intangible assets

$ 13

$ 13

$ 17

Mortgage Choice | Computer Software | REA Group | Minimum

Schedule Of Business Acquisitions And Divestitures [Line Items]

Finite lived intangible assets, weighted average useful life

1 year

1 year

Mortgage Choice | Computer Software | REA Group | Maximum

Schedule Of Business Acquisitions And Divestitures [Line Items]

Finite lived intangible assets, weighted average useful life

5 years

5 years

Restructuring Programs - Additi

Restructuring Programs - Additional Information (Detail) - USD ($) $ in Millions	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
Restructuring Cost and Reserve [Line Items]
Restructuring charges	$ 125	$ 94	$ 168
Other Current Liabilities
Restructuring Cost and Reserve [Line Items]
Restructuring liabilities, current	64	42
Other Non-Current Liabilities
Restructuring Cost and Reserve [Line Items]
Restructuring liabilities, non-current	30	24
News Media
Restructuring Cost and Reserve [Line Items]
Restructuring charges	$ 40	$ 34	$ 122

Restructuring Programs - Schedu

Restructuring Programs - Schedule of Changes in Restructuring Program Liabilities (Detail) - USD ($) $ in Millions	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
Restructuring Reserve [Roll Forward]
Restructuring liabilities, beginning balance	$ 66	$ 86	$ 73
Additions	125	94	168
Payments	(99)	(111)	(152)
Other	2	(3)	(3)
Restructuring liabilities, ending balance	94	66	86
One-time employee termination benefits
Restructuring Reserve [Roll Forward]
Restructuring liabilities, beginning balance	25	51	64
Additions	116	69	83
Payments	(90)	(92)	(97)
Other	2	(3)	1
Restructuring liabilities, ending balance	53	25	51
Other costs
Restructuring Reserve [Roll Forward]
Restructuring liabilities, beginning balance	41	35	9
Additions	9	25	85
Payments	(9)	(19)	(55)
Other	0	0	(4)
Restructuring liabilities, ending balance	$ 41	$ 41	$ 35

Investments - Schedule of Inves

Investments - Schedule of Investments (Detail) - USD ($) $ in Millions	12 Months Ended
	Jun. 30, 2022	Jun. 30, 2023	Sep. 30, 2021	Aug. 31, 2021
Schedule of Investments [Abstract]
Equity method investments	$ 276	$ 192
Equity securities	212	235
Total Investments	$ 488	$ 427
REA Group | PropertyGuru Pte. Ltd.
Schedule of Equity Method Investments [Line Items]
Ownership percentage	18%		18%	18%
Equity method investment, diluted ownership percentage	17.50%			16.60%
REA Group | Other, Net | PropertyGuru Pte. Ltd.
Schedule of Equity Method Investments [Line Items]
Gain on dilution of equity interests	$ 15

Investments - Schedule of Total

Investments - Schedule of Total Gains and Losses on Equity Securities (Detail) - USD ($) $ in Millions	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
Schedule of Investments [Abstract]
Total (losses) gains recognized on equity securities	$ (9)	$ (59)	$ 81
Less: Net gains (losses) recognized on equity securities sold or impaired	2	0	(1)
Unrealized (losses) gains recognized on equity securities held at end of period	$ (11)	$ (59)	$ 82

Investments - Additional Inform

Investments - Additional Information (Detail) - USD ($) $ in Millions	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
Schedule of Equity Method Investments [Line Items]
Equity losses of affiliates	$ (127)	$ (13)	$ (65)
PropertyGuru Pte. Ltd.
Schedule of Equity Method Investments [Line Items]
Impairments of investment	$ 81
Nickelodeon Australia JV
Schedule of Equity Method Investments [Line Items]
Impairments of investment			$ 54

Property, Plant and Equipment -

Property, Plant and Equipment - Components of Property, Plant and Equipment (Detail) - USD ($) $ in Millions	Jun. 30, 2023	Jun. 30, 2022
Property, Plant and Equipment [Line Items]
Land	$ 121	$ 120
Buildings and leaseholds	1,515	1,478
Digital set top units and installations	1,142	1,109
Machinery and equipment	1,302	1,278
Capitalized software	1,925	1,707
Finance lease right-of-use assets	121	124
Property, plant and equipment, gross	6,126	5,816
Less: accumulated depreciation and amortization	(4,359)	(3,933)
Property plant and equipment, before construction in progress	1,767	1,883
Construction in progress	275	220
Total Property, plant and equipment, net	2,042	2,103
Accumulated amortization of capitalized software	$ 1,335	$ 1,135
Minimum
Property, Plant and Equipment [Line Items]
Property, plant and equipment, useful life	2 years
Maximum
Property, Plant and Equipment [Line Items]
Property, plant and equipment, useful life	50 years
Buildings and leaseholds | Minimum
Property, Plant and Equipment [Line Items]
Property, plant and equipment, useful life	3 years
Buildings and leaseholds | Maximum
Property, Plant and Equipment [Line Items]
Property, plant and equipment, useful life	50 years
Digital set top units and installations | Minimum
Property, Plant and Equipment [Line Items]
Property, plant and equipment, useful life	5 years
Digital set top units and installations | Maximum
Property, Plant and Equipment [Line Items]
Property, plant and equipment, useful life	10 years
Machinery and equipment | Minimum
Property, Plant and Equipment [Line Items]
Property, plant and equipment, useful life	2 years
Machinery and equipment | Maximum
Property, Plant and Equipment [Line Items]
Property, plant and equipment, useful life	20 years
Capitalized software | Minimum
Property, Plant and Equipment [Line Items]
Property, plant and equipment, useful life	2 years
Capitalized software | Maximum
Property, Plant and Equipment [Line Items]
Property, plant and equipment, useful life	15 years
Finance lease right-of-use assets
Property, Plant and Equipment [Line Items]
Property, plant and equipment, useful life	15 years

Property, Plant and Equipment_2

Property, Plant and Equipment - Additional Information (Detail) - USD ($) $ in Millions	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
Property, Plant and Equipment [Line Items]
Depreciation related to property, plant and equipment	$ 555	$ 548	$ 568
Amortization of capitalized software	242	263	250
Non-cash impairment charge	$ 25	15	$ 0
Dow Jones
Property, Plant and Equipment [Line Items]
Non-cash impairment charge		$ 15

Goodwill and Other Intangible_3

Goodwill and Other Intangible Assets - Schedule of Carrying Values of Intangible Assets and Related Accumulated Amortization (Detail) - USD ($) $ in Millions	Jun. 30, 2023	Jun. 30, 2022
Intangible Assets Not Subject to Amortization
Total intangible assets not subject to amortization	$ 895	$ 1,028
Intangible Assets Subject to Amortization
Total intangible assets subject to amortization	1,594	1,643
Total Intangible assets, net	2,489	2,671
Publishing Rights
Intangible Assets Subject to Amortization
Total intangible assets subject to amortization	319	348
Finite lived intangible assets, accumulated amortization	$ 341	306
Publishing Rights | Minimum
Intangible Assets Subject to Amortization
Finite lived intangible asset useful life	3 years
Publishing Rights | Maximum
Intangible Assets Subject to Amortization
Finite lived intangible asset useful life	30 years
Customer Relationships
Intangible Assets Subject to Amortization
Total intangible assets subject to amortization	$ 1,110	1,233
Finite lived intangible assets, accumulated amortization	$ 846	759
Customer Relationships | Minimum
Intangible Assets Subject to Amortization
Finite lived intangible asset useful life	3 years
Customer Relationships | Maximum
Intangible Assets Subject to Amortization
Finite lived intangible asset useful life	25 years
Other
Intangible Assets Subject to Amortization
Total intangible assets subject to amortization	$ 165	62
Finite lived intangible assets, accumulated amortization	$ 89	85
Other | Minimum
Intangible Assets Subject to Amortization
Finite lived intangible asset useful life	3 years
Other | Maximum
Intangible Assets Subject to Amortization
Finite lived intangible asset useful life	25 years
Trademarks and tradenames
Intangible Assets Not Subject to Amortization
Total intangible assets not subject to amortization	$ 267	411
Newspaper mastheads
Intangible Assets Not Subject to Amortization
Total intangible assets not subject to amortization	281	281
Imprints
Intangible Assets Not Subject to Amortization
Total intangible assets not subject to amortization	225	218
Radio broadcast licenses
Intangible Assets Not Subject to Amortization
Total intangible assets not subject to amortization	$ 122	$ 118

Goodwill and Other Intangible_4

Goodwill and Other Intangible Assets - Additional Information (Detail) - USD ($) $ in Millions	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
Intangible Assets And Goodwill [Line Items]
Non-cash impairment charge	$ 25	$ 15	$ 0
Amortization expense of amortizable intangible assets	159	140	112
Finite lived intangible assets, Estimated amortization expense in 2024	155
Finite lived intangible assets, Estimated amortization expense in 2025	152
Finite lived intangible assets, Estimated amortization expense in 2026	149
Finite lived intangible assets, Estimated amortization expense in 2027	144
Finite lived intangible assets, Estimated amortization expense in 2028	129
Non-cash impairment of goodwill and indefinite-lived intangible assets	25	$ 0	$ 0
Goodwill impairment loss	$ 0
Minimum | Other Than Impaired Reporting Units
Intangible Assets And Goodwill [Line Items]
Discount rates	8.50%	8%	8%
Long-term growth rates	1%	1%	0%
Royalty rates	0.25%	0.25%	0.25%
Control premium	5%	5%	5%
Maximum | Other Than Impaired Reporting Units
Intangible Assets And Goodwill [Line Items]
Discount rates	18%	19%	22%
Long-term growth rates	3.50%	3%	3%
Royalty rates	7%	7%	6%
Control premium	10%	10%	10%
News Media
Intangible Assets And Goodwill [Line Items]
Accumulated impairment loss, goodwill	$ 4,800	$ 4,800
Intangible Assets and Goodwill
Intangible Assets And Goodwill [Line Items]
Non-cash impairment charge	$ 25

Goodwill and Other Intangible_5

Goodwill and Other Intangible Assets - Schedule of Changes in Carrying Value of Goodwill, by Segment (Detail) - USD ($) $ in Millions	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Goodwill [Roll Forward]
Goodwill, beginning balance	$ 5,169	$ 4,653
Acquisitions	13	738
Foreign exchange and other	(42)	(222)
Goodwill, ending balance	5,140	5,169
Digital Real Estate Services
Goodwill [Roll Forward]
Goodwill, beginning balance	1,561	1,617
Acquisitions	0	39
Foreign exchange and other	(19)	(95)
Goodwill, ending balance	1,542	1,561
Subscription Video Services
Goodwill [Roll Forward]
Goodwill, beginning balance	879	978
Acquisitions	0	0
Foreign exchange and other	(20)	(99)
Goodwill, ending balance	859	879
Dow Jones
Goodwill [Roll Forward]
Goodwill, beginning balance	2,191	1,532
Acquisitions	4	659
Foreign exchange and other	0	0
Goodwill, ending balance	2,195	2,191
Book Publishing
Goodwill [Roll Forward]
Goodwill, beginning balance	407	413
Acquisitions	9	8
Foreign exchange and other	(3)	(14)
Goodwill, ending balance	413	407
News Media
Goodwill [Roll Forward]
Goodwill, beginning balance	131	113
Acquisitions	0	32
Foreign exchange and other	0	(14)
Goodwill, ending balance	$ 131	$ 131

Borrowings - Schedule of Borrow

Borrowings - Schedule of Borrowings (Detail) $ in Millions, $ in Millions	Jun. 30, 2023 USD ($)	Jun. 30, 2023 AUD ($)	Jun. 30, 2022 USD ($)
Debt and Financial Instruments [Line Items]
Total borrowings	$ 2,967		$ 3,069
Finance lease liability	42		67
Less: current portion	(27)		(293)
Long-term borrowings	2,940		2,776
Finance lease liability, current	$ 27		$ 27
Finance Lease, Liability, Current, Statement of Financial Position [Extensible Enumeration]	Less: current portion	Less: current portion	Less: current portion
2019 Credit Facility | Foxtel | Unsecured Revolving
Debt and Financial Instruments [Line Items]
Amount of unused borrowing capacity		$ 161
2019 Credit Facility | Foxtel
Debt and Financial Instruments [Line Items]
Interest rate	6.65%	6.65%
Total borrowings	$ 320		$ 68
2019 Term loan facility | Foxtel
Debt and Financial Instruments [Line Items]
Interest rate	6.25%	6.25%
Total borrowings	$ 167		171
2017 Working Capital Facility | New Foxtel
Debt and Financial Instruments [Line Items]
Interest rate	6.65%	6.65%
Total borrowings	$ 0		0
Telstra facility | Foxtel
Debt and Financial Instruments [Line Items]
Interest rate	11.46%	11.46%
Total borrowings	$ 100		90
2012 US private placement - USD portion - tranche 2 | New Foxtel
Debt and Financial Instruments [Line Items]
Interest rate	0%	0%
Total borrowings	$ 0		198
2012 US private placement - USD portion - tranche 3 | New Foxtel
Debt and Financial Instruments [Line Items]
Interest rate	4.42%	4.42%
Total borrowings	$ 149		147
2012 US private placement - AUD portion | New Foxtel
Debt and Financial Instruments [Line Items]
Interest rate	0%	0%
Total borrowings	$ 0		68
Credit Facility 2022 | REA Group
Debt and Financial Instruments [Line Items]
Amount of unused borrowing capacity		$ 281
2022 Credit Facility - Tranche 1 | REA Group
Debt and Financial Instruments [Line Items]
Interest rate	5.35%	5.35%
Total borrowings	$ 211		273
2022 Credit Facility - Tranche 2 | REA Group
Debt and Financial Instruments [Line Items]
Interest rate	5.50%	5.50%
Total borrowings	$ 0		8
News Corporation Borrowings | 2022 Term Loan A
Debt and Financial Instruments [Line Items]
Interest rate	6.842%	6.842%
Total borrowings	$ 497		500
News Corporation Borrowings | 2022 Senior notes
Debt and Financial Instruments [Line Items]
Interest rate	5.125%	5.125%
Total borrowings	$ 492		492
News Corporation Borrowings | 2021 Senior notes
Debt and Financial Instruments [Line Items]
Interest rate	3.875%	3.875%
Total borrowings	$ 989		$ 987
News Corporation Borrowings | Term A Loan
Debt and Financial Instruments [Line Items]
Derivative interest rate	2.083%	2.083%
Effective interest rate	3.708%	3.708%

Borrowings - Additional Informa

Borrowings - Additional Information (Detail)		12 Months Ended
	Aug. 11, 2023 AUD ($) facility	Jun. 30, 2023 AUD ($) extension	Aug. 11, 2023 USD ($) facility	Jun. 30, 2023 USD ($) extension
Foxtel
Debt Instrument [Line Items]
Operating income leverage ratio		325%
New Foxtel | Maximum
Debt Instrument [Line Items]
Unused capacity commitment fee percentage		45%
Australian BBSY | Minimum
Debt Instrument [Line Items]
Interest rate margin		2%
Australian BBSY | Maximum
Debt Instrument [Line Items]
Interest rate margin		3.25%
Revolving Credit Facility
Debt Instrument [Line Items]
Face amount of debt				$ 750,000,000
2019 Term loan facility | Foxtel
Debt Instrument [Line Items]
Interest rate		6.25%		6.25%
2019 Term loan facility | Foxtel
Debt Instrument [Line Items]
Proceeds from long-term lines of credit		$ 250,000,000
Interest coverage ratio		350%
Telstra facility | Foxtel
Debt Instrument [Line Items]
Telstras ownership percentage of Foxtel		35%
Telstra facility | Australian BBSY | Foxtel
Debt Instrument [Line Items]
Interest rate margin		7.75%
Unsecured revolving credit facility available amount		$ 170,000,000
Line of Credit | Revolving Credit Facility
Debt Instrument [Line Items]
Maximum amount of credit facility				$ 750,000,000
Unused capacity commitment fee percentage		0.225%
Line of Credit | Revolving Credit Facility | Foxtel | Subsequent Event
Debt Instrument [Line Items]
Maximum amount of credit facility	$ 1,200,000,000
Line of Credit | Term Loan A Credit Facility
Debt Instrument [Line Items]
Maximum amount of credit facility				$ 500,000,000
Amortization percentage, tranche one		0%		0%
Amortization percentage, tranche two		2.50%		2.50%
Amortization percentage, tranche three		2.50%		2.50%
Amortization percentage, tranche four		5%		5%
Amortization percentage, tranche five		5%		5%
Extension term		1 year
Number of extension options | extension		2		2
Line of Credit | Letter of Credit
Debt Instrument [Line Items]
Maximum amount of credit facility				$ 100,000,000
Line of Credit | 2022 Credit Agreement
Debt Instrument [Line Items]
Increase to maximum borrowing capacity				250,000,000
Operating income leverage ratio		300%
Interest coverage ratio		300%
Line of Credit | 2022 Credit Agreement | Base Rate
Debt Instrument [Line Items]
Interest rate margin		0.50%
Line of Credit | 2022 Credit Agreement | Relevant Rate
Debt Instrument [Line Items]
Interest rate margin		1.50%
Line of Credit | 2019 Term loan facility | Foxtel | Subsequent Event
Debt Instrument [Line Items]
Maximum amount of credit facility	250,000,000
Term A Loan | Senior Notes
Debt Instrument [Line Items]
Face amount of debt				1,978,000,000
2021 Senior notes | Senior Notes
Debt Instrument [Line Items]
Face amount of debt				$ 1,978,000,000
Interest rate		3.875%		3.875%
2022 Senior notes | Senior Notes
Debt Instrument [Line Items]
Face amount of debt				$ 1,978,000,000
Percentage of principal amount that may be redeemed upon change in control		101%		101%
Interest rate		5.125%		5.125%
2019 Credit Facility | Foxtel
Debt Instrument [Line Items]
Maximum amount of credit facility		$ 610,000,000
Interest rate		6.65%		6.65%
2019 Credit Facility | Line of Credit | Foxtel | Subsequent Event
Debt Instrument [Line Items]
Maximum amount of credit facility	610,000,000
2017 Working Capital Facility | Foxtel
Debt Instrument [Line Items]
Maximum amount of credit facility		$ 40,000,000
2017 Working Capital Facility | New Foxtel
Debt Instrument [Line Items]
Interest rate		6.65%		6.65%
2022 Credit Facilities | REA Group
Debt Instrument [Line Items]
Maximum amount of credit facility				$ 211,000,000
Unused capacity commitment fee percentage		40%
Operating income leverage ratio		350%
Interest coverage ratio		300%
Credit Facility 2022 | REA Group
Debt Instrument [Line Items]
Amount of unused borrowing capacity		$ 281,000,000
2022 Credit Facility - Tranche 2 | REA Group
Debt Instrument [Line Items]
Increase to maximum borrowing capacity		$ 500,000,000
Interest rate		5.50%		5.50%
2022 Credit Facility - Tranche 2 | Australian BBSY | REA Group | Minimum
Debt Instrument [Line Items]
Interest rate margin		1.15%
2022 Credit Facility - Tranche 2 | Australian BBSY | REA Group | Maximum
Debt Instrument [Line Items]
Interest rate margin		2.25%
2022 Credit Facility - Tranche 1 | REA Group
Debt Instrument [Line Items]
Interest rate		5.35%		5.35%
2022 Credit Facility - Tranche 1 | Australian BBSY | REA Group | Minimum
Debt Instrument [Line Items]
Interest rate margin		1%
2022 Credit Facility - Tranche 1 | Australian BBSY | REA Group | Maximum
Debt Instrument [Line Items]
Interest rate margin		2.10%
2023 Credit Facility - Tranche 1 | Line of Credit | Foxtel | Subsequent Event
Debt Instrument [Line Items]
Maximum amount of credit facility	$ 817,500,000
Unused capacity commitment fee percentage	45%
Number of facilities | facility	3		3
Debt instrument term	3 years
2023 Credit Facility - Tranche 1 | Line of Credit | Australian BBSY | Foxtel | Minimum | Subsequent Event
Debt Instrument [Line Items]
Interest rate margin	2.35%
2023 Credit Facility - Tranche 1 | Line of Credit | Australian BBSY | Foxtel | Maximum | Subsequent Event
Debt Instrument [Line Items]
Interest rate margin	3.60%
2023 Credit Facility - Tranche 2 | Line of Credit | Foxtel | Subsequent Event
Debt Instrument [Line Items]
Maximum amount of credit facility			$ 48,700,000
Debt instrument term	4 years
Annual amortization amount, period one	$ 35,000,000
Annual amortization amount, period two	$ 40,000,000
2023 Credit Facility - Tranche 2 | Line of Credit | SOFR | Foxtel | Minimum | Subsequent Event
Debt Instrument [Line Items]
Interest rate margin	2.50%
2023 Credit Facility - Tranche 2 | Line of Credit | SOFR | Foxtel | Maximum | Subsequent Event
Debt Instrument [Line Items]
Interest rate margin	3.75%
2023 Credit Facility - Tranche 3 | Line of Credit | Foxtel | Subsequent Event
Debt Instrument [Line Items]
Maximum amount of credit facility	$ 311,000,000
Debt instrument term	4 years
Annual amortization amount, period one	$ 35,000,000
Annual amortization amount, period two	$ 40,000,000
2023 Credit Facility - Tranche 3 | Line of Credit | Australian BBSY | Foxtel | Minimum | Subsequent Event
Debt Instrument [Line Items]
Interest rate margin	2.50%
2023 Credit Facility - Tranche 3 | Line of Credit | Australian BBSY | Foxtel | Maximum | Subsequent Event
Debt Instrument [Line Items]
Interest rate margin	3.75%

Borrowings - Scheduled of Debt

Borrowings - Scheduled of Debt Maturities Excluding Other Obligations and Debt Issuance Costs (Detail) $ in Millions	Jun. 30, 2023 USD ($)
Debt Disclosure [Abstract]
2024	$ 333
2025	537
2026	25
2027	450
2028	100
Thereafter	$ 1,500

Leases - Schedule of total leas

Leases - Schedule of total lease cost (Details) - USD ($) $ in Millions	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
Lessee, Lease, Description [Line Items]
Total lease costs	$ 220	$ 227	$ 246
Selling, general and administrative
Lessee, Lease, Description [Line Items]
Operating lease costs	121	125	135
Variable lease costs	24	24	28
Operating expenses
Lessee, Lease, Description [Line Items]
Operating lease costs	32	36	37
Short term lease costs	16	12	15
Depreciation and amortization
Lessee, Lease, Description [Line Items]
Finance lease costs	25	27	27
Interest expense, net
Lessee, Lease, Description [Line Items]
Finance lease costs	$ 2	$ 3	$ 4

Leases - Schedule of Additional

Leases - Schedule of Additional Information Related To Leases (Details) - USD ($) $ in Millions	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
Leases [Abstract]
Operating Leases, Weighted-average remaining lease term	13 years 8 months 12 days	11 years
Operating Leases, Weighted-average incremental borrowing rate	5.11%	3.56%
Finance Leases, Weighted-average remaining lease term	1 year 9 months 18 days	2 years 9 months 18 days
Finance Leases, Weighted-average incremental borrowing rate	3.64%	3.64%
Cash paid - Operating lease liabilities	$ 172	$ 182	$ 184
Cash paid - Finance lease liabilities - principal	24	27	30
Cash paid - Finance lease liabilities - interest	2	3	4
Operating lease right-of-use assets obtained in exchange for operating lease liabilities	$ 248	$ 72	$ 25

Leases - Schedule of Future min

Leases - Schedule of Future minimum lease payments (Details) - USD ($) $ in Millions	Jun. 30, 2023	Jun. 30, 2022
Operating Leases
2024	$ 169
2025	158
2026	141
2027	137
2028	100
Thereafter	1,084
Total future minimum lease payments	1,789
Less: interest	(549)
Present value of minimum payments	1,240
Finance Leases
2024	28
2025	15
2026	0
2027	0
2028	0
Thereafter	0
Total future minimum lease payments	43
Less: interest	(1)
Present value of minimum payments	$ 42	$ 67

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	Jun. 30, 2023	Jun. 30, 2022
Assets:
Equity securities	$ 235	$ 212
Fair Value, Measurements, Recurring
Assets:
Equity securities	235	212
Total assets	324	335
Liabilities:
Total liabilities	(3)	0
Fair Value, Measurements, Recurring | Interest Rate Contract | Cash Flow Hedging
Assets:
Derivative assets	41	24
Fair Value, Measurements, Recurring | Foreign Currency Derivatives | Cash Flow Hedging
Assets:
Derivative assets	2	1
Fair Value, Measurements, Recurring | Cross Currency Interest Rate Derivatives
Assets:
Derivative assets	37	79
Liabilities:
Derivative liabilities	(2)	0
Fair Value, Measurements, Recurring | Cross Currency Interest Rate Derivatives | Fair Value Hedging
Assets:
Derivative assets	9	19
Liabilities:
Derivative liabilities	(1)	0
Fair Value, Measurements, Recurring | Level 1
Assets:
Equity securities	105	109
Total assets	105	109
Liabilities:
Total liabilities	0	0
Fair Value, Measurements, Recurring | Level 1 | Interest Rate Contract | Cash Flow Hedging
Assets:
Derivative assets	0	0
Fair Value, Measurements, Recurring | Level 1 | Foreign Currency Derivatives | Cash Flow Hedging
Assets:
Derivative assets	0	0
Fair Value, Measurements, Recurring | Level 1 | Cross Currency Interest Rate Derivatives
Assets:
Derivative assets	0	0
Liabilities:
Derivative liabilities	0	0
Fair Value, Measurements, Recurring | Level 1 | Cross Currency Interest Rate Derivatives | Fair Value Hedging
Assets:
Derivative assets	0	0
Liabilities:
Derivative liabilities	0	0
Fair Value, Measurements, Recurring | Level 2
Assets:
Equity securities	0	0
Total assets	89	123
Liabilities:
Total liabilities	(3)	0
Fair Value, Measurements, Recurring | Level 2 | Interest Rate Contract | Cash Flow Hedging
Assets:
Derivative assets	41	24
Fair Value, Measurements, Recurring | Level 2 | Foreign Currency Derivatives | Cash Flow Hedging
Assets:
Derivative assets	2	1
Fair Value, Measurements, Recurring | Level 2 | Cross Currency Interest Rate Derivatives
Assets:
Derivative assets	37	79
Liabilities:
Derivative liabilities	(2)	0
Fair Value, Measurements, Recurring | Level 2 | Cross Currency Interest Rate Derivatives | Fair Value Hedging
Assets:
Derivative assets	9	19
Liabilities:
Derivative liabilities	(1)	0
Fair Value, Measurements, Recurring | Level 3
Assets:
Equity securities	130	103
Total assets	130	103
Liabilities:
Total liabilities	0	0
Fair Value, Measurements, Recurring | Level 3 | Interest Rate Contract | Cash Flow Hedging
Assets:
Derivative assets	0	0
Fair Value, Measurements, Recurring | Level 3 | Foreign Currency Derivatives | Cash Flow Hedging
Assets:
Derivative assets	0	0
Fair Value, Measurements, Recurring | Level 3 | Cross Currency Interest Rate Derivatives
Assets:
Derivative assets	0	0
Liabilities:
Derivative liabilities	0	0
Fair Value, Measurements, Recurring | Level 3 | Cross Currency Interest Rate Derivatives | Fair Value Hedging
Assets:
Derivative assets	0	0
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 - USD ($) $ in Millions	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance—beginning of year	$ 103	$ 116
Additions	31	28
Sales	(3)	0
Returns of capital	(6)	(45)
Measurement adjustments	1	23
Foreign exchange and other	4	(19)
Balance—end of year	$ 130	$ 103

Financial Instruments and Fai_5

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	Jun. 30, 2023	Jun. 30, 2022
Interest Rate Derivatives | Cash Flow Hedging
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivatives, reported under other current assets	$ 21	$ 4
Derivatives, reported under other non-current assets	20	20
Foreign Currency Derivatives | Cash Flow Hedging
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivatives, reported under other current assets	2	1
Cross Currency Interest Rate Derivatives
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivatives, reported under other current assets	1	46
Derivatives, reported under other non-current assets	36	33
Derivatives, reported under other current liability	(2)	0
Cross Currency Interest Rate Derivatives | Fair Value Hedging
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivatives, reported under other current assets	0	11
Derivatives, reported under other non-current assets	9	8
Derivatives, reported under other current liability	$ (1)	$ 0

Financial Instruments and Fai_6

Financial Instruments and Fair Value Measurements - Additional Information (Detail) $ in Millions, $ in Millions	12 Months Ended
	Jun. 30, 2023 USD ($)	Jun. 30, 2022 USD ($)	Jun. 30, 2021 USD ($)	Jun. 30, 2023 AUD ($)
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 loss	$ (1)
Interest Rate Swap
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 loss	(22)
Cross Currency Interest Rate Derivatives
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 loss	(1)
Cross Currency Interest Rate Derivatives | Other, Net
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Gain from discontinued cash flow hedges	4	$ 25	$ 11
Cash Flow Hedging | Foreign Exchange Contract
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative notional amount	83
Cash Flow Hedging | Interest Rate Contract
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Notional value of derivative	497
Cash Flow Hedging | Interest Rate Contract | Foxtel
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Notional value of derivative				$ 250
Cash Flow Hedging | Cross Currency Interest Rate Derivatives
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Notional value of derivative	120
Fair Value Hedging
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative notional amount	30
Fair Value Hedging | Accounting Standards Update 2017-12
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cumulative hedging adjustments included in the carrying amount	$ 0

Financial Instruments and Fai_7

Financial Instruments and Fair Value Measurements - Summary of Derivative Instruments Designated as Cash Flow Hedges (Detail) - Cash Flow Hedging - USD ($) $ in Millions	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Gain (loss) recognized in Accumulated Other Comprehensive Loss	$ 29	$ 32	$ (12)
(Gain) loss reclassified from Accumulated Other Comprehensive Loss	(13)	(6)	15
Foreign Currency Derivatives | Operating expenses
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Gain (loss) recognized in Accumulated Other Comprehensive Loss	0	2	3
(Gain) loss reclassified from Accumulated Other Comprehensive Loss	0	0	(1)
Cross Currency Interest Rate Derivatives | Interest expense, net
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Gain (loss) recognized in Accumulated Other Comprehensive Loss	0	0	(15)
(Gain) loss reclassified from Accumulated Other Comprehensive Loss	(1)	(4)	11
Interest Rate Contract | Interest expense, net
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Gain (loss) recognized in Accumulated Other Comprehensive Loss	29	30	0
(Gain) loss reclassified from Accumulated Other Comprehensive Loss	$ (12)	$ (2)	$ 5

Financial Instruments and Fai_8

Financial Instruments and Fair Value Measurements - Schedule of Fair Value Hedging Relationship By Balance Sheet (Details) - Long - USD ($) $ in Millions	Jun. 30, 2023	Jun. 30, 2022
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Carrying amount of hedged item	$ 28	$ 68
Cumulative hedging adjustments included in the carrying amount	$ 0	$ 2

Stockholders' Equity - Addition

Stockholders' Equity - Additional Information (Detail) $ / shares in Units, $ in Millions	12 Months Ended
	Jun. 30, 2023 USD ($) vote $ / shares shares	Jun. 30, 2022 USD ($) $ / shares shares	Jun. 30, 2021 shares	Sep. 22, 2021 USD ($)	Sep. 21, 2021
Class of Stock [Line Items]
Number of votes per share | vote	1
Authorized repurchase amount | $				$ 1,000
Remaining authorized repurchase amount | $	$ 577
Amount of stock repurchased and retired during period | $	$ 240	$ 183
Majority shareholder ownership percentage				44%
Class A Common Stock
Class of Stock [Line Items]
Common stock, shares authorized (in shares)	1,500,000,000	1,500,000,000
Common stock, par value (in dollars per share) | $ / shares	$ 0.01	$ 0.01
Common stock outstanding, net of treasury stock (in shares)	379,945,907	387,561,850
Shares repurchased and retired during period	9,500,000	5,800,000	0
Amount of stock repurchased and retired during period | $	$ 159	$ 122
Class B Common Stock
Class of Stock [Line Items]
Common stock, shares authorized (in shares)	750,000,000	750,000,000
Common stock, par value (in dollars per share) | $ / shares	$ 0.01	$ 0.01
Common stock outstanding, net of treasury stock (in shares)	192,013,909	196,808,833
Shares repurchased and retired during period	4,700,000	2,900,000	0
Amount of stock repurchased and retired during period | $	$ 81	$ 61
Ownership agreement, majority shareholder increase in voting power					1.75%
Class B Common Stock | Maximum
Class of Stock [Line Items]
Majority shareholder ownership percentage				44%
Series Common Stock
Class of Stock [Line Items]
Common stock, shares authorized (in shares)	25,000,000
Common stock, par value (in dollars per share) | $ / shares	$ 0.01
Common stock outstanding, net of treasury stock (in shares)	0
Preferred Stock
Class of Stock [Line Items]
Preferred stock, shares authorized (in shares)	25,000,000
Preferred stock, par value (in dollars per share) | $ / shares	$ 0.01

Stockholders' Equity - Summary

Stockholders' Equity - Summary of Dividends Declared Paid Per Share (Detail) - $ / shares	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
Common Class A
Class of Stock [Line Items]
Cash dividend declared per share (in dollars per share)	$ 0.20	$ 0.20	$ 0.20
Common Class B
Class of Stock [Line Items]
Cash dividend declared per share (in dollars per share)	$ 0.20	$ 0.20	$ 0.20

Equity-Based Compensation - Add

Equity-Based Compensation - Additional Information (Detail) - USD ($) $ in Millions	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total compensation costs related to unvested awards not yet recognized for all plans presented	$ 66
Intrinsic value of unvested RSUs and target PSUs	188
Tax benefit recognized on vested performance stock units, restricted stock units and stock options exercised	$ 11	$ 25	$ 18
Number of shares, Granted (in shares)	4,665,000	3,475,000	3,546,000
Number of shares, Vested	3,487,000	3,526,000	3,676,000
Performance Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award performance measurement period	3 years	3 years	3 years
TSR period	3 years
Number of shares, Granted (in shares)	1,400,000	1,000,000	1,600,000
Number of shares, Vested	2,800,000	3,000,000	3,600,000
Performance Stock Units | Settled In Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares, Granted (in shares)	800,000	600,000	800,000
Performance Stock Units | Settled In Cash
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares, Vested	1,300,000	1,000,000	1,200,000
Cash used to settle awards	$ 25	$ 24	$ 18
Restricted Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares, Granted (in shares)	4,200,000	3,000,000	3,400,000
Number of shares, Vested	2,700,000	2,100,000	1,600,000
Cash used to settle awards	$ 13	$ 13	$ 4
Restricted Stock Units | Settled In Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares, Granted (in shares)	3,400,000	2,400,000	2,400,000
Restricted Stock Units | Settled In Cash
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares, Granted (in shares)	800,000	600,000	1,000,000
Number of shares, Vested	700,000	500,000	300,000
Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted average future expense period of unrecognized stock-based compensation expense (years)	1 year
Minimum | Performance Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total number of shares issued, percentage	0%
Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted average future expense period of unrecognized stock-based compensation expense (years)	2 years
Maximum | Performance Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total number of shares issued, percentage	200%
Maximum | Restricted Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period (years)	3 years
Class A Common Stock | Performance Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Fair value of PSUs and RSUs vested during the period	$ 27	$ 42	$ 36
Class A Common Stock | Restricted Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Fair value of PSUs and RSUs vested during the period	$ 39	$ 41	$ 21
Class A Common Stock | 2013 LTIP
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award shares authorized (in shares)	50,000,000

Equity-Based Compensation - Sum

Equity-Based Compensation - Summary of Equity-Based Compensation Expense from Continuing Operations (Detail) - USD ($) $ in Millions	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
Share-Based Payment Arrangement [Abstract]
Total equity compensation expense	$ 92	$ 59	$ 128

Equity-Based Compensation - S_2

Equity-Based Compensation - Summary of Activity from Continuing and Discontinued Operations Related to Target PSUs and RSUs Settled in Shares (Detail) - $ / shares shares in Thousands	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
Number of shares
Number of shares, Unvested units at beginning of the year	6,297	7,022	7,717
Number of shares, Granted (in shares)	4,665	3,475	3,546
Number of shares, Vested	(3,487)	(3,526)	(3,676)
Number of shares, Cancelled (in shares)	(711)	(674)	(565)
Number of shares, Unvested units at the end of the year	6,764	6,297	7,022
Weighted average grant- date fair value
Weighted average grant-date fair value, Unvested units at beginning of the year (in dollars per share)	$ 18.65	$ 14.61	$ 13.39
Weighted average grant-date fair value, Granted (in dollars per share)	18.13	21.96	15.59
Weighted average grant-date fair value, Vested (in dollars per share)	16.32	13.56	13.30
Weighted average grant-date fair value, Cancelled (in dollars per share)	19.59	19.12	15.05
Weighted average grant-date fair value, Unvested units at the end of the year (in dollars per share)	$ 19.40	$ 18.65	$ 14.61
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares, Granted (in shares)	4,665	3,475	3,546
Number of shares, Cancelled (in shares)	711	674	565
Performance Stock Units
Number of shares
Number of shares, Granted (in shares)	1,400	1,000	1,600
Number of shares, Vested	(2,800)	(3,000)	(3,600)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares, Granted (in shares)	1,400	1,000	1,600
Performance Stock Units | Settled in Stock
Number of shares
Number of shares, Granted (in shares)	800	600	800
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares, Granted (in shares)	800	600	800
Number of shares, Granted (in shares)	800	600	800
Payout adjustment of performance share units (in shares)	100	200	300
Performance Stock Units | 2020 Fiscal
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Payout adjustment of performance share units (in shares)	500
Performance Stock Units | 2019 Fiscal
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Payout adjustment of performance share units (in shares)		500
Performance Stock Units | 2018 Fiscal
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Payout adjustment of performance share units (in shares)			300
Restricted Stock Units
Number of shares
Number of shares, Granted (in shares)	4,200	3,000	3,400
Number of shares, Vested	(2,700)	(2,100)	(1,600)
Number of shares, Cancelled (in shares)	(600)	(500)	(300)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares, Granted (in shares)	4,200	3,000	3,400
Number of shares, Cancelled (in shares)	600	500	300
Restricted Stock Units | Settled in Stock
Number of shares
Number of shares, Granted (in shares)	3,400	2,400	2,400
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares, Granted (in shares)	3,400	2,400	2,400

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	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
Earnings Per Share [Abstract]
Net income	$ 187	$ 760	$ 389
Less: Net income attributable to noncontrolling interests	(38)	(137)	(59)
Net income attributable to News Corporation stockholders	$ 149	$ 623	$ 330
Weighted-average number of shares of common stock outstanding—basic (in shares)	576.4	589.5	590.4
Dilutive effect of equity awards (in shares)	2.4	3	3
Weighted-average number of shares of common stock outstanding—diluted (in shares)	578.8	592.5	593.4
Net income attributable to News Corporation stockholders per share - basic (in dollars per share)	$ 0.26	$ 1.06	$ 0.56
Net income attributable to News Corporation stockholders per share - diluted (in dollars per share)	$ 0.26	$ 1.05	$ 0.56

Related Party Transactions - Sc

Related Party Transactions - Schedule of Net Revenue from Related Parties (Detail) - USD ($) $ in Millions	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
Affiliated Entity
Related Party Transaction [Line Items]
Related party revenue (expense), net	$ (11)	$ (10)	$ (35)

Related Party Transactions - _2

Related Party Transactions - Schedule of Amount of Receivables Due from and Payable to Related Parties (Detail) - USD ($) $ in Millions	Jun. 30, 2023	Jun. 30, 2022
Related Party Transaction [Line Items]
Accounts receivable from related parties	$ 1,425	$ 1,502
Accounts payable to related parties	440	411
Affiliated Entity
Related Party Transaction [Line Items]
Accounts receivable from related parties	8	14
Accounts payable to related parties	$ 7	$ 10

Commitments and Contingencies -

Commitments and Contingencies - Schedule of Commitments by Fiscal Year Maturity (Detail) - USD ($) $ in Millions	Jun. 30, 2023	Jun. 30, 2022
Commitments and Contingencies [Line Items]
Total future minimum lease payments	$ 1,789
Operating leases, Payments Less than one year	169
Operating leases, Payments due More than 5 years	1,084
Total future minimum lease payments	43
Finance leases, Less than 1 Year	28
Finance lease, Payments due more than 5 years	0
Total borrowings	2,967	$ 3,069
Borrowings, Payments due Less than 1 year	333
Borrowings, Payments due More than 5 years	1,500
Total commitments and contractual obligations	12,107
Commitments and contractual obligations, Payments due Less than 1 year	2,138
Commitments and contractual obligations, Payments due 1-3 years	3,280
Commitments and contractual obligations, Payments due 3-5 years	2,606
Contractual Obligation, Due after Fifth Year	4,083
Purchase Obligations
Commitments and Contingencies [Line Items]
Purchase obligations, Total	1,584
Purchase obligations, Payments due Less than 1 year	562
Purchase obligations, Payments due 1-3 years	620
Purchase obligations, Payments due 3-5 years	355
Purchase obligations, Payments due More than 5 years	47
Borrowings
Commitments and Contingencies [Line Items]
Total borrowings	2,945
Borrowings, Payments due Less than 1 year	333
Borrowings, Payments due 1-3 years	562
Borrowings, Payments due 3-5 years	550
Borrowings, Payments due More than 5 years	1,500
Interest Payments on Borrowings
Commitments and Contingencies [Line Items]
Interest payments on borrowings, Total	613
Interest payments on borrowings, Payments due Less than 1 year	120
Interest payments on borrowings, Payments due 1-3 years	189
Interest payments on borrowings, Payments due 3-5 years	163
Interest payments on borrowings, Payments due More than 5 years	141
Land and Buildings
Commitments and Contingencies [Line Items]
Total future minimum lease payments	1,606
Operating leases, Payments Less than one year	136
Operating leases, Payments due 1-3 years	257
Operating leases, Payments due 3-5 years	199
Operating leases, Payments due More than 5 years	1,014
Plant and Machinery
Commitments and Contingencies [Line Items]
Total future minimum lease payments	8
Operating leases, Payments Less than one year	4
Operating leases, Payments due 1-3 years	4
Operating leases, Payments due 3-5 years	0
Operating leases, Payments due More than 5 years	0
Sports Programming Rights
Commitments and Contingencies [Line Items]
Sports programming rights, Total	3,732
Sports programming rights, Payments due Less than 1 year	501
Sports programming rights, Payments due 1-3 years	1,073
Sports programming rights, Payments due 3-5 years	950
Sports programming rights, Payments due More than 5 years	1,208
Programming Costs
Commitments and Contingencies [Line Items]
Programming costs, Total	1,444
Programming costs, Payments due Less than 1 year	430
Programming costs, Payments due 1-3 years	528
Programming costs, Payments due 3-5 years	359
Programming costs, Payments due More than 5 years	127
Transmission Costs
Commitments and Contingencies [Line Items]
Transmission costs, Total	132
Transmission costs, Payments due Less than 1 year	24
Transmission costs, Payments due 1-3 years	32
Transmission costs, Payments due 3-5 years	30
Transmission costs, Payments due More than 5 years	46
Total future minimum lease payments	43
Finance leases, Less than 1 Year	28
Finance lease, Payments 1-3 years	15
Finance leases, Payments due 3-5 years	0
Finance lease, Payments due more than 5 years	$ 0

Commitments and Contingencies_2

Commitments and Contingencies - Additional Information (Detail) - USD ($) $ in Millions	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
Loss Contingencies [Line Items]
Other current assets	$ 484	$ 458
U.K. Newspaper Matters
Loss Contingencies [Line Items]
Selling, general and administrative expenses (benefit), net	16	$ 11	$ 10
Litigation liability accrued	110
U.K. Newspaper Matters Indemnification | 21st Century Fox
Loss Contingencies [Line Items]
Other current assets	$ 115

Retirement Benefit Obligation_2

Retirement Benefit Obligations - Additional Information (Detail) - USD ($) $ in Millions	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
Defined Benefit Plan Disclosure [Line Items]
Net pension and postretirement benefits liability	$ (13)	$ (32)
Net periodic benefit costs	13	0	$ (1)
Pension plan contributions for next fiscal year	$ 23
Equity Securities
Defined Benefit Plan Disclosure [Line Items]
Pension asset portfolio, percentage	16%
Fixed Income Securities
Defined Benefit Plan Disclosure [Line Items]
Pension asset portfolio, percentage	74%
Cash And Other
Defined Benefit Plan Disclosure [Line Items]
Pension asset portfolio, percentage	10%
Pension Plan
Defined Benefit Plan Disclosure [Line Items]
Accumulated pension benefit obligations	$ 883	$ 1,011

Retirement Benefit Obligation_3

Retirement Benefit Obligations - Schedule of Amounts Recognized in Balance Sheets (Detail) - USD ($) $ in Millions	Jun. 30, 2023	Jun. 30, 2022
Defined Benefit Plan Disclosure [Line Items]
Other non-current assets	$ 134	$ 133
Other current liabilities	(13)	(10)
Retirement benefit obligations	(134)	(155)
Net amount recognized	(13)	(32)
Domestic Pension Benefits
Defined Benefit Plan Disclosure [Line Items]
Other non-current assets	0	0
Other current liabilities	0	0
Retirement benefit obligations	(37)	(40)
Net amount recognized	(37)	(40)
Foreign Pension Benefits
Defined Benefit Plan Disclosure [Line Items]
Other non-current assets	134	133
Other current liabilities	(6)	(2)
Retirement benefit obligations	(45)	(55)
Net amount recognized	83	76
Postretirement Benefits
Defined Benefit Plan Disclosure [Line Items]
Other non-current assets	0	0
Other current liabilities	(7)	(8)
Retirement benefit obligations	(52)	(60)
Net amount recognized	$ (59)	$ (68)

Retirement Benefit Obligation_4

Retirement Benefit Obligations - Schedule of Change in Projected Benefit Obligation, Change in Fair Value of Plan Assets and Funded Status (Detail) - USD ($) $ in Millions	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
Defined Benefit Plan, Change in Benefit Obligation [Roll Forward]
Projected benefit obligation, beginning of the year	$ 1,083	$ 1,549
Service cost	1	1	$ 2
Interest cost	40	25	25
Benefits paid	(70)	(68)
Settlements	(5)	(24)
Actuarial gain	(127)	(283)
Foreign exchange rate changes	24	(117)
Projected benefit obligation, end of the year	946	1,083	1,549
Defined Benefit Plan, Change in Fair Value of Plan Assets [Roll Forward]
Fair value of plan assets, beginning of the year	1,051	1,447
Actual return on plan assets	(92)	(215)
Employer contributions	14	29
Benefits paid	(63)	(61)
Settlements	(5)	(24)
Foreign exchange rate changes	28	(125)
Fair value of plan assets, end of the year	933	1,051	1,447
Funded status	$ (13)	$ (32)
Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Interest Cost, Statement of Income or Comprehensive Income [Extensible Enumeration]	Other, net	Other, net
Domestic Pension Benefits
Defined Benefit Plan, Change in Benefit Obligation [Roll Forward]
Projected benefit obligation, beginning of the year	$ 260	$ 339
Service cost	0	0	0
Interest cost	11	7	7
Benefits paid	(21)	(18)
Settlements	0	(12)
Actuarial gain	(9)	(56)
Foreign exchange rate changes	0	0
Projected benefit obligation, end of the year	241	260	339
Defined Benefit Plan, Change in Fair Value of Plan Assets [Roll Forward]
Fair value of plan assets, beginning of the year	220	285
Actual return on plan assets	5	(49)
Employer contributions	0	14
Benefits paid	(21)	(18)
Settlements	0	(12)
Foreign exchange rate changes	0	0
Fair value of plan assets, end of the year	204	220	285
Funded status	(37)	(40)
Foreign Pension Benefits
Defined Benefit Plan, Change in Benefit Obligation [Roll Forward]
Projected benefit obligation, beginning of the year	755	1,124
Service cost	1	1	2
Interest cost	27	17	16
Benefits paid	(42)	(43)
Settlements	(5)	(12)
Actuarial gain	(114)	(216)
Foreign exchange rate changes	24	(116)
Projected benefit obligation, end of the year	646	755	1,124
Defined Benefit Plan, Change in Fair Value of Plan Assets [Roll Forward]
Fair value of plan assets, beginning of the year	831	1,162
Actual return on plan assets	(97)	(166)
Employer contributions	14	15
Benefits paid	(42)	(43)
Settlements	(5)	(12)
Foreign exchange rate changes	28	(125)
Fair value of plan assets, end of the year	729	831	1,162
Funded status	83	76
Postretirement Benefits
Defined Benefit Plan, Change in Benefit Obligation [Roll Forward]
Projected benefit obligation, beginning of the year	68	86
Service cost	0	0	0
Interest cost	2	1	2
Benefits paid	(7)	(7)
Settlements	0	0
Actuarial gain	(4)	(11)
Foreign exchange rate changes	0	(1)
Projected benefit obligation, end of the year	59	68	86
Defined Benefit Plan, Change in Fair Value of Plan Assets [Roll Forward]
Fair value of plan assets, beginning of the year	0	0
Actual return on plan assets	0	0
Employer contributions	0	0
Benefits paid	0	0
Settlements	0	0
Foreign exchange rate changes	0	0
Fair value of plan assets, end of the year	0	0	$ 0
Funded status	$ (59)	$ (68)

Retirement Benefit Obligation_5

Retirement Benefit Obligations - Schedule of Amounts Recognized in Accumulated Other Comprehensive Loss (Detail) - USD ($) $ in Millions	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Defined Benefit Plan Disclosure [Line Items]
Actuarial losses (gains)	$ 452	$ 446
Prior service cost (benefit)	(21)	(25)
Net amounts recognized	431	421
Domestic Pension Benefits
Defined Benefit Plan Disclosure [Line Items]
Actuarial losses (gains)	118	126
Prior service cost (benefit)	0	0
Net amounts recognized	118	126
Foreign Pension Benefits
Defined Benefit Plan Disclosure [Line Items]
Actuarial losses (gains)	342	325
Prior service cost (benefit)	7	7
Net amounts recognized	349	332
Postretirement Benefits
Defined Benefit Plan Disclosure [Line Items]
Actuarial losses (gains)	(8)	(5)
Prior service cost (benefit)	(28)	(32)
Net amounts recognized	$ (36)	$ (37)

Retirement Benefit Obligation_6

Retirement Benefit Obligations - Schedule of Accumulated and Projected Benefit Obligations and Fair Value of Plan Assets for Funded and Unfunded Pension Plans (Detail) - USD ($) $ in Millions	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
Defined Benefit Plan Disclosure [Line Items]
Projected benefit obligation	$ 946	$ 1,083	$ 1,549
Fair value of plan assets	933	1,051	1,447
Domestic Pension Benefits
Defined Benefit Plan Disclosure [Line Items]
Projected benefit obligation	241	260	339
Accumulated benefit obligation	241	260
Fair value of plan assets	204	220	285
Domestic Pension Benefits | Funded Plans
Defined Benefit Plan Disclosure [Line Items]
Projected benefit obligation	234	253
Accumulated benefit obligation	234	253
Fair value of plan assets	204	220
Domestic Pension Benefits | Unfunded Plans
Defined Benefit Plan Disclosure [Line Items]
Projected benefit obligation	7	7
Accumulated benefit obligation	7	7
Fair value of plan assets	0	0
Foreign Pension Benefits
Defined Benefit Plan Disclosure [Line Items]
Projected benefit obligation	646	755	1,124
Accumulated benefit obligation	642	751
Fair value of plan assets	729	831	$ 1,162
Foreign Pension Benefits | Funded Plans
Defined Benefit Plan Disclosure [Line Items]
Projected benefit obligation	599	701
Accumulated benefit obligation	595	697
Fair value of plan assets	729	831
Foreign Pension Benefits | Unfunded Plans
Defined Benefit Plan Disclosure [Line Items]
Projected benefit obligation	47	54
Accumulated benefit obligation	47	54
Fair value of plan assets	$ 0	$ 0

Retirement Benefit Obligation_7

Retirement Benefit Obligations - Schedule of Accumulated Benefit Obligation Exceeds Fair Value of Plan Assets (Detail) - Foreign Pension Benefits - USD ($) $ in Millions	Jun. 30, 2023	Jun. 30, 2022
Defined Benefit Plan Disclosure [Line Items]
Projected benefit obligation	$ 93	$ 103
Accumulated benefit obligation	93	103
Fair value of plan assets	43	46
Funded Plans
Defined Benefit Plan Disclosure [Line Items]
Projected benefit obligation	46	49
Accumulated benefit obligation	46	49
Fair value of plan assets	43	46
Unfunded Plans
Defined Benefit Plan Disclosure [Line Items]
Projected benefit obligation	47	54
Accumulated benefit obligation	47	54
Fair value of plan assets	$ 0	$ 0

Retirement Benefit Obligation_8

Retirement Benefit Obligations - Schedule of Components of Net Periodic Costs (Income) (Detail) - USD ($) $ in Millions	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
Defined Benefit Plan Disclosure [Line Items]
Service cost benefits earned during the period	$ 1	$ 1	$ 2
Interest costs on projected benefit obligations	40	25	25
Expected return on plan assets	(43)	(51)	(50)
Amortization of deferred losses	19	19	20
Amortization of prior service credits	(4)	(4)	(4)
Settlements, curtailments and other	0	10	6
Net periodic benefit costs (income) – Total	$ 13	$ 0	$ (1)
Defined Benefit Plan, Net Periodic Benefit (Cost) Credit, Expected Return (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	Other, net	Other, net	Other, net
Postretirement Benefits
Defined Benefit Plan Disclosure [Line Items]
Service cost benefits earned during the period	$ 0	$ 0	$ 0
Interest costs on projected benefit obligations	2	1	2
Expected return on plan assets	0	0	0
Amortization of deferred losses	0	0	0
Amortization of prior service credits	(4)	(4)	(4)
Settlements, curtailments and other	0	0	0
Net periodic benefit costs (income) – Total	(2)	(3)	(2)
Domestic Pension Benefits
Defined Benefit Plan Disclosure [Line Items]
Service cost benefits earned during the period	0	0	0
Interest costs on projected benefit obligations	11	7	7
Expected return on plan assets	(11)	(15)	(13)
Amortization of deferred losses	5	5	5
Amortization of prior service credits	0	0	0
Settlements, curtailments and other	0	8	5
Net periodic benefit costs (income) – Total	5	5	4
Foreign Pension Benefits
Defined Benefit Plan Disclosure [Line Items]
Service cost benefits earned during the period	1	1	2
Interest costs on projected benefit obligations	27	17	16
Expected return on plan assets	(32)	(36)	(37)
Amortization of deferred losses	14	14	15
Amortization of prior service credits	0	0	0
Settlements, curtailments and other	0	2	1
Net periodic benefit costs (income) – Total	$ 10	$ (2)	$ (3)

Retirement Benefit Obligation_9

Retirement Benefit Obligations - Schedule of Assumptions Used (Detail)	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
Postretirement Benefits
Weighted-average assumptions used to determine benefit obligations
Discount rate	5.50%	4.60%	2.40%
Weighted-average assumptions used to determine net periodic benefit cost
Discount rate for PBO	4.60%	2.40%	2.50%
Discount rate for Service Cost	4.90%	2.80%	2.90%
Discount rate for Interest on PBO	4.30%	1.70%	1.80%
Domestic Pension Benefits
Weighted-average assumptions used to determine benefit obligations
Discount rate	5.40%	4.90%	2.90%
Weighted-average assumptions used to determine net periodic benefit cost
Discount rate for PBO	4.90%	2.90%	2.90%
Discount rate for Service Cost		3.30%	3.40%
Discount rate for Interest on PBO	4.60%	2.20%	2.20%
Expected return on plan assets	5.50%	5.80%	5.50%
Foreign Pension Benefits
Weighted-average assumptions used to determine benefit obligations
Discount rate	5.40%	3.90%	1.90%
Rate of increase in future compensation	3.90%	3.90%	3.60%
Weighted-average assumptions used to determine net periodic benefit cost
Discount rate for PBO	3.90%	1.90%	1.70%
Discount rate for Service Cost	4.80%	1.80%	1.80%
Discount rate for Interest on PBO	3.80%	1.60%	1.50%
Expected return on plan assets	3.90%	3.30%	3.30%
Rate of increase in future compensation	3.90%	3.60%	3.10%

Retirement Benefit Obligatio_10

Retirement Benefit Obligations - Schedule of Health Care Cost Trend Rates (Detail) - Postretirement Benefits	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Defined Benefit Plan Disclosure [Line Items]
Health care cost trend rate	6.90%	6.40%
Rate to which the cost trend rate is assumed to decline (the ultimate trend rate)	5.20%	4.50%
Year that the rate reaches the ultimate trend rate	2031	2030

Retirement Benefit Obligatio_11

Retirement Benefit Obligations - Schedule of Expected Benefit Payments (Detail) $ in Millions	Jun. 30, 2023 USD ($)
Defined Benefit Plan, Expected Future Benefit Payment [Abstract]
2024	$ 125
2025	71
2026	68
2027	68
2028	68
2029-2033	322
Postretirement Benefits
Defined Benefit Plan, Expected Future Benefit Payment [Abstract]
2024	7
2025	7
2026	6
2027	6
2028	6
2029-2033	23
Domestic Pension Benefits
Defined Benefit Plan, Expected Future Benefit Payment [Abstract]
2024	21
2025	19
2026	19
2027	19
2028	19
2029-2033	90
Foreign Pension Benefits
Defined Benefit Plan, Expected Future Benefit Payment [Abstract]
2024	97
2025	45
2026	43
2027	43
2028	43
2029-2033	$ 209

Retirement Benefit Obligatio_12

Retirement Benefit Obligations - Schedule of Allocation of Plan Assets (Detail) - USD ($) $ in Millions	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	$ 933	$ 1,051	$ 1,447
NAV
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	315	391
Level 1
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	78	53
Level 2
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	534	600
Level 3
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	6	7	$ 10
Domestic equity funds
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	37	37
Domestic equity funds | NAV
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	37	37
Domestic equity funds | Level 1
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Domestic equity funds | Level 2
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Domestic equity funds | Level 3
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
International equity funds
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	94	112
International equity funds | NAV
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	46	45
International equity funds | Level 1
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
International equity funds | Level 2
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	48	67
International equity funds | Level 3
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Domestic fixed income funds
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	112	106
Domestic fixed income funds | NAV
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	112	106
Domestic fixed income funds | Level 1
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Domestic fixed income funds | Level 2
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Domestic fixed income funds | Level 3
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
International fixed income funds
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	546	666
International fixed income funds | NAV
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	102	179
International fixed income funds | Level 1
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
International fixed income funds | Level 2
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	444	487
International fixed income funds | Level 3
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Balanced funds
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	42	46
Balanced funds | NAV
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Balanced funds | Level 1
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Balanced funds | Level 2
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	42	46
Balanced funds | Level 3
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Other
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	102	84
Other | NAV
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	18	24
Other | Level 1
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	78	53
Other | Level 2
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Other | Level 3
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	$ 6	$ 7

Retirement Benefit Obligatio_13

Retirement Benefit Obligations - Summary of Changes in Fair Value of Investments Reflected as Level 3 Assets (Detail) - USD ($) $ in Millions	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Defined Benefit Plan, Change in Fair Value of Plan Assets [Roll Forward]
Fair value of plan assets, beginning of the year	$ 1,051	$ 1,447
Actual return on plan assets:
Fair value of plan assets, end of the year	933	1,051
Level 3
Defined Benefit Plan, Change in Fair Value of Plan Assets [Roll Forward]
Fair value of plan assets, beginning of the year	7	10
Actual return on plan assets:
Actual return on plan assets, Relating to assets still held at end of period	(1)	(2)
Actual return on plan assets, Relating to assets sold during the period	0	0
Purchases, sales, settlements and issuances	0	(1)
Transfers in and out of Level 3	0	0
Fair value of plan assets, end of the year	$ 6	$ 7

Retirement Benefit Obligatio_14

Retirement Benefit Obligations - Schedule of Weighted-Average Asset Allocations, by Asset Category (Detail)	Jun. 30, 2023	Jun. 30, 2022
Asset Category:
Benefit plan weighted-average asset allocations	100%	100%
Equity Securities
Asset Category:
Benefit plan weighted-average asset allocations	15%	15%
Debt securities
Asset Category:
Benefit plan weighted-average asset allocations	72%	75%
Cash And Other
Asset Category:
Benefit plan weighted-average asset allocations	13%	10%

Other Postretirement Benefits -

Other Postretirement Benefits - Additional Information (Detail) - USD ($) $ in Millions	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
Retirement Benefits [Abstract]
Employer contributions to defined contribution plans	$ 152	$ 147	$ 142
Unfunded obligation of plan	$ 50	$ 48

Income Taxes - Schedule of (Los

Income Taxes - Schedule of (Loss) Income from Continuing Operations Before Income Tax Expense (Benefit) Attributable to Jurisdictions (Detail) - USD ($) $ in Millions	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
Income Tax Disclosure [Abstract]
U.S.	$ 74	$ 194	$ 266
Foreign	256	618	184
Income before income tax expense	$ 330	$ 812	$ 450

Income Taxes - Schedule of Comp

Income Taxes - Schedule of Components of Income Tax Expense (Benefit) (Detail) - USD ($) $ in Millions	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
Current:
Federal	$ 1	$ 0	$ 5
State & Local	15	9	9
Foreign	125	160	133
Total current tax	141	169	147
Deferred:
Federal	(10)	54	(30)
State & Local	0	4	(1)
Foreign	12	(175)	(55)
Total deferred tax	2	(117)	(86)
Total income tax expense	$ 143	$ 52	$ 61

Income Taxes - Effective Income

Income Taxes - Effective Income Tax Rate Reconciliation (Detail) - USD ($) $ in Millions	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
Income Taxes Disclosure [Line Items]
U.S. federal income tax rate	21%	21%	21%
State and local taxes, net	4%	1%	2%
Effect of foreign operations	15%	7%	12%
Change in valuation allowance	1%	(19.00%)	(16.00%)
Non-deductible goodwill and asset impairments	4%	0%	1%
Non-deductible compensation and benefits	3%	0%	4%
Remeasurement of deferred tax assets	0%	(2.00%)	(7.00%)
R&D tax credits	(3.00%)	(1.00%)	(2.00%)
Impact of dispositions	0%	(2.00%)	0%
Other	(2.00%)	1%	(1.00%)
Effective tax rate	43%	6%	14%
Certain Deferred Tax Assets
Income Taxes Disclosure [Line Items]
Remeasurement of deferred tax assets			$ 64
U.S. Federal
Income Taxes Disclosure [Line Items]
Remeasurement of deferred tax assets		$ 156
Foreign Tax Authority
Income Taxes Disclosure [Line Items]
Remeasurement of deferred tax assets		149
Foreign Tax Authority | UNITED KINGDOM
Income Taxes Disclosure [Line Items]
Amount of change in enacted tax rate		$ 18	34
U.S. States
Income Taxes Disclosure [Line Items]
Remeasurement of deferred tax assets			$ 75

Income Taxes - Summary of Recog

Income Taxes - Summary of Recognized Deferred Income Taxes in Balance Sheets (Detail) - USD ($) $ in Millions	Jun. 30, 2023	Jun. 30, 2022
Income Tax Disclosure [Abstract]
Deferred income tax assets	$ 393	$ 422
Deferred income tax liabilities	(163)	(198)
Net deferred tax assets	$ 230	$ 224

Income Taxes - Schedule of Co_2

Income Taxes - Schedule of Components of Deferred Tax Assets and Liabilities (Detail) - USD ($) $ in Millions	Jun. 30, 2023	Jun. 30, 2022
Deferred tax assets:
Accrued liabilities	$ 150	$ 181
Capital loss carryforwards	1,163	1,135
Net operating loss carryforwards	360	408
Business tax credits	131	122
Operating lease liabilities	309	278
Other	138	116
Total deferred tax assets	2,251	2,240
Deferred tax liabilities:
Asset basis difference and amortization	(79)	(163)
Operating lease right-of-use asset	(287)	(257)
Other	(9)	(8)
Total deferred tax liabilities	(375)	(428)
Net deferred tax asset before valuation allowance	1,876	1,812
Less: valuation allowance (See Note 22—Valuation and Qualifying Accounts)	(1,646)	(1,588)
Net deferred tax assets	$ 230	$ 224

Income Taxes - Schedule of Inco

Income Taxes - Schedule of Income Tax Net Operating Loss Carryforwards (NOLs) (Gross, Net Uncertain Tax Benefits) (Detail) $ in Millions	Jun. 30, 2023 USD ($)
U.S. Federal | 2021 to 2037
Operating Loss Carryforwards [Line Items]
Net Operating Loss Carryforwards, Amount	$ 116
U.S. Federal | Indefinite
Operating Loss Carryforwards [Line Items]
Net Operating Loss Carryforwards, Amount	333
U.S. States
Operating Loss Carryforwards [Line Items]
Net Operating Loss Carryforwards, Amount	730
Foreign Tax Authority | Australia
Operating Loss Carryforwards [Line Items]
Net Operating Loss Carryforwards, Amount	319
Foreign Tax Authority | U.K.
Operating Loss Carryforwards [Line Items]
Net Operating Loss Carryforwards, Amount	28
Other Foreign
Operating Loss Carryforwards [Line Items]
Net Operating Loss Carryforwards, Amount	$ 568

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail) - USD ($)	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2020
Income Tax Contingency [Line Items]
Deferred tax asset	$ 2,251,000,000	$ 2,240,000,000
Unrecognized tax benefits	105,000,000	86,000,000	$ 69,000,000	$ 63,000,000
Valuation allowance recorded	1,646,000,000	1,588,000,000
Interest and penalties	1,000,000
Interest and penalty accrual	5,000,000	5,000,000	4,000,000
Amount that affect effective income tax rate	53,000,000
Undistributed earnings of foreign subsidiaries, indefinitely reinvested	800,000,000
Gross income tax paid	150,000,000	180,000,000	176,000,000
Income tax refunds	13,000,000	3,000,000	14,000,000
Minimum
Income Tax Contingency [Line Items]
Amount of uncertain tax liabilities	0
Maximum
Income Tax Contingency [Line Items]
Amount of uncertain tax liabilities	25,000,000
Foreign Tax Authority
Income Tax Contingency [Line Items]
Remeasurement of deferred tax assets		(149,000,000)
Capital loss carryforwards	32,000,000
U.S. Federal
Income Tax Contingency [Line Items]
Remeasurement of deferred tax assets		(156,000,000)
Capital loss carryforwards	90,000,000
U.S. States
Income Tax Contingency [Line Items]
Remeasurement of deferred tax assets			(75,000,000)
Capital loss carryforwards	11,000,000
State and Foreign Country Jurisdiction
Income Tax Contingency [Line Items]
Valuation allowance recorded	30,000,000
Net Operating Loss Carryforwards
Income Tax Contingency [Line Items]
Deferred tax asset	360,000,000	408,000,000
Unrecognized tax benefits	55,000,000	68,000,000
Valuation allowance recorded	124,000,000	122,000,000
Net Operating Loss Carryforwards | Foreign Tax Authority | Australia
Income Tax Contingency [Line Items]
Remeasurement of deferred tax assets		(31,000,000)
Net Operating Loss Carryforwards | U.S. Federal
Income Tax Contingency [Line Items]
Remeasurement of deferred tax assets			$ 64,000,000
Capital Loss Carryforward
Income Tax Contingency [Line Items]
Deferred tax asset	1,200,000,000	1,100,000,000
Valuation allowance recorded	1,200,000,000	$ 1,100,000,000
Capital Loss Carryforward | Australia
Income Tax Contingency [Line Items]
Capital loss carryforwards	2,600,000,000
Capital Loss Carryforward | U.K.
Income Tax Contingency [Line Items]
Capital loss carryforwards	1,600,000,000
Foreign Tax Credits | U.S. Federal
Income Tax Contingency [Line Items]
Foreign tax credits	35,000,000
General Business Tax Credit Carryforward | U.S. Federal
Income Tax Contingency [Line Items]
Research and development credits	$ 55,000,000

Income Taxes - Change in Unreco

Income Taxes - Change in Unrecognized Tax Benefits, Excluding Interest and Penalties (Detail) - USD ($) $ in Millions	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
Reconciliation of Unrecognized Tax Benefits, Excluding Amounts Pertaining to Examined Tax Returns [Roll Forward]
Balance, beginning of period	$ 86	$ 69	$ 63
Additions for prior year tax positions	14	0	0
Additions for current year tax positions	17	28	4
Reduction for prior year tax positions	0	(1)	(2)
Lapse of the statute of limitations	(2)	(3)	(3)
Settlement—tax attributes	(14)	0	0
Impact of currency translations	4	(7)	7
Balance, end of period	$ 105	$ 86	$ 69

Segment Information - Additiona

Segment Information - Additional Information (Detail)	12 Months Ended
	Jun. 30, 2023 channel country segment brand
Segment Reporting Information [Line Items]
Number of reportable segments | segment	6
Book Publishing | Minimum
Segment Reporting Information [Line Items]
Number of countries | country	17
Number of branded publishing imprints | brand	120
REA Group | Digital Real Estate Services
Segment Reporting Information [Line Items]
Company ownership percentage	61.40%
Move Inc | Digital Real Estate Services
Segment Reporting Information [Line Items]
Company ownership percentage	80%
Move Inc | REA Group | Digital Real Estate Services
Segment Reporting Information [Line Items]
Ownership interest held by minority interest	20%
Foxtel | Subscription Video Services
Segment Reporting Information [Line Items]
Company ownership percentage	65%
Foxtel | Subscription Video Services | Minimum
Segment Reporting Information [Line Items]
Number of channels | channel	200
Foxtel | Telstra | Subscription Video Services
Segment Reporting Information [Line Items]
Ownership interest held by minority interest	35%

Segment Information - Reconcili

Segment Information - Reconciliation of Revenue and Segment EBITDA from Segments to Consolidated (Detail) - USD ($) $ in Millions	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
Segment Reporting Information [Line Items]
Revenues	$ 9,879	$ 10,385	$ 9,358
Depreciation and amortization	(714)	(688)	(680)
Impairment and restructuring charges	(150)	(109)	(168)
Equity losses of affiliates	(127)	(13)	(65)
Interest expense, net	(100)	(99)	(53)
Other, net	1	52	143
Income before income tax expense	330	812	450
Income tax expense	(143)	(52)	(61)
Net income	187	760	389
Digital Real Estate Services
Segment Reporting Information [Line Items]
Revenues	1,539	1,741	1,393
Total Segment EBITDA	457	574	514
Depreciation and amortization	(123)	(112)	(101)
Subscription Video Services
Segment Reporting Information [Line Items]
Revenues	1,942	2,026	2,072
Total Segment EBITDA	347	360	359
Depreciation and amortization	(302)	(321)	(332)
Dow Jones
Segment Reporting Information [Line Items]
Revenues	2,153	2,004	1,702
Total Segment EBITDA	494	433	332
Depreciation and amortization	(152)	(119)	(119)
Book Publishing
Segment Reporting Information [Line Items]
Revenues	1,979	2,191	1,985
Total Segment EBITDA	167	306	303
Depreciation and amortization	(49)	(49)	(36)
News Media
Segment Reporting Information [Line Items]
Revenues	2,266	2,423	2,205
Total Segment EBITDA	156	217	52
Depreciation and amortization	(81)	(79)	(84)
Other
Segment Reporting Information [Line Items]
Revenues	0	0	1
Total Segment EBITDA	(201)	(221)	(287)
Depreciation and amortization	$ (7)	$ (8)	$ (8)

Segment Information - Reconci_2

Segment Information - Reconciliation of Depreciation and Amortization, Capital Expenditures from Segments to Consolidated (Detail) - USD ($) $ in Millions	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
Segment Reporting Information [Line Items]
Total Depreciation and amortization	$ 714	$ 688	$ 680
Total Capital expenditures	499	499	390
Digital Real Estate Services
Segment Reporting Information [Line Items]
Total Depreciation and amortization	123	112	101
Total Capital expenditures	130	109	78
Subscription Video Services
Segment Reporting Information [Line Items]
Total Depreciation and amortization	302	321	332
Total Capital expenditures	156	193	142
Dow Jones
Segment Reporting Information [Line Items]
Total Depreciation and amortization	152	119	119
Total Capital expenditures	91	77	62
Book Publishing
Segment Reporting Information [Line Items]
Total Depreciation and amortization	49	49	36
Total Capital expenditures	42	37	16
News Media
Segment Reporting Information [Line Items]
Total Depreciation and amortization	81	79	84
Total Capital expenditures	79	81	84
Other
Segment Reporting Information [Line Items]
Total Depreciation and amortization	7	8	8
Total Capital expenditures	$ 1	$ 2	$ 8

Segment Information - Reconci_3

Segment Information - Reconciliation of Assets from Segments to Consolidated (Detail) - USD ($) $ in Millions	Jun. 30, 2023	Jun. 30, 2022
Segment Reporting, Asset Reconciling Item [Line Items]
Investments	$ 427	$ 488
Total assets	16,921	17,221
Digital Real Estate Services
Segment Reporting, Asset Reconciling Item [Line Items]
Total assets	2,942	2,989
Subscription Video Services
Segment Reporting, Asset Reconciling Item [Line Items]
Total assets	2,812	3,082
Dow Jones
Segment Reporting, Asset Reconciling Item [Line Items]
Total assets	4,305	4,368
Book Publishing
Segment Reporting, Asset Reconciling Item [Line Items]
Total assets	2,629	2,651
News Media
Segment Reporting, Asset Reconciling Item [Line Items]
Total assets	2,023	2,115
Other
Segment Reporting, Asset Reconciling Item [Line Items]
Total assets	$ 1,783	$ 1,528

Segment Information - Reconci_4

Segment Information - Reconciliation of Goodwill and Intangible Assets from Segments to Consolidated (Detail) - USD ($) $ in Millions	Jun. 30, 2023	Jun. 30, 2022
Segment Reporting Information [Line Items]
Total Goodwill and intangible assets, net	$ 7,629	$ 7,840
Digital Real Estate Services
Segment Reporting Information [Line Items]
Total Goodwill and intangible assets, net	1,779	1,823
Subscription Video Services
Segment Reporting Information [Line Items]
Total Goodwill and intangible assets, net	1,288	1,394
Dow Jones
Segment Reporting Information [Line Items]
Total Goodwill and intangible assets, net	3,298	3,346
Book Publishing
Segment Reporting Information [Line Items]
Total Goodwill and intangible assets, net	958	973
News Media
Segment Reporting Information [Line Items]
Total Goodwill and intangible assets, net	306	304
Other
Segment Reporting Information [Line Items]
Total Goodwill and intangible assets, net	$ 0	$ 0

Segment Information - Revenue a

Segment Information - Revenue and Long-Lived Assets by Geographic Region (Detail) - USD ($) $ in Millions	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
Segment Reporting Information [Line Items]
Revenues	$ 9,879	$ 10,385	$ 9,358
Total long-lived assets	4,419	4,378
U.S. and Canada
Segment Reporting Information [Line Items]
Revenues	3,967	4,097	3,550
Total long-lived assets	1,623	1,513
Domestic Pension Benefits
Segment Reporting Information [Line Items]
Revenues	3,800	4,000	3,500
Europe
Segment Reporting Information [Line Items]
Revenues	1,669	1,808	1,672
Total long-lived assets	843	774
U.K.
Segment Reporting Information [Line Items]
Revenues	1,200	1,400	1,300
Australasia and Other
Segment Reporting Information [Line Items]
Revenues	4,243	4,480	4,136
Total long-lived assets	1,953	2,091
Australia
Segment Reporting Information [Line Items]
Revenues	$ 3,900	$ 4,200	$ 3,900

Additional Financial Informat_3

Additional Financial Information - Components of Other Non-Current Assets (Detail) - USD ($) $ in Millions	Jun. 30, 2023	Jun. 30, 2022
Assets, Noncurrent [Abstract]
Royalty advances to authors	$ 376	$ 403
Retirement benefit assets	134	133
Inventory	267	268
News America Marketing deferred consideration	157	142
Other	407	438
Total Other non-current assets	$ 1,341	$ 1,384

Additional Financial Informat_4

Additional Financial Information - Components of Other Current Liabilities (Detail) - USD ($) $ in Millions	Jun. 30, 2023	Jun. 30, 2022
Liabilities, Current [Abstract]
Royalties and commissions payable	$ 206	$ 215
Current operating lease liabilities	112	139
Allowance for sales returns	154	173
Current tax payable	16	18
Other	465	430
Total Other current liabilities	$ 953	$ 975
Operating Lease, Liability, Current, Statement of Financial Position [Extensible Enumeration]	Total Other current liabilities	Total Other current liabilities

Additional Financial Informat_5

Additional Financial Information - Components of Other, Net Included in Statement of Operations (Detail) - USD ($) $ in Millions	1 Months Ended	12 Months Ended
	Dec. 31, 2020	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021	Sep. 30, 2021	Aug. 31, 2021
Other Income and Expenses [Line Items]
Remeasurement of equity securities		$ (9)	$ (59)	$ 81
Total Other, net		1	52	143
REA Group | PropertyGuru Pte. Ltd.
Other Income and Expenses [Line Items]
Gain on sale of businesses			$ 107
Ownership percentage			18%		18%	18%
Equity method investment, diluted ownership percentage			17.50%			16.60%
Move Inc | Top Producer
Other Income and Expenses [Line Items]
Gain on sale of businesses				18
Nonoperating Income (Expense)
Other Income and Expenses [Line Items]
Remeasurement of equity securities		(9)	$ (59)	81
Dividends received from equity security investments		6	20	9
Gain on sale of businesses		0	98	18
Gain on remeasurement of previously-held interest	$ 7	0	3	7
Gain on dilution of PropertyGuru investment		0	15	0
Other		4	(25)	28
Total Other, net		$ 1	52	$ 143
Nonoperating Income (Expense) | REA Group | PropertyGuru Pte. Ltd.
Other Income and Expenses [Line Items]
Gain on dilution of PropertyGuru investment			$ 15

Additional Financial Informat_6

Additional Financial Information - Summary of Supplemental Cash Flow Information (Detail) - USD ($) $ in Millions	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
Supplemental Cash Flow Information [Abstract]
Cash paid for interest	$ 117	$ 96	$ 55
Cash paid for taxes	$ 150	$ 180	$ 176

Additional Financial Informat_7

Additional Financial Information - Components of Accumulated Other Comprehensive Loss (Detail) - USD ($) $ in Millions	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance	$ 9,143	$ 9,146	$ 8,389
Fiscal year activity	23	(329)	390
Ending balance	8,945	9,143	9,146
Net change in the fair value of cash flow hedges, income tax expense (benefit)	4	7	0
Pensions plans, income tax (expense) benefit	2	(19)	1
Foreign currency translation adjustments, fiscal year activity	0	(518)	468
Accumulated Other Comprehensive Loss
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance	(1,270)	(941)	(1,331)
Ending balance	(1,247)	(1,270)	(941)
Cash flow hedge adjustments:
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance	21	0	2
Fiscal year activity	12	21	(2)
Ending balance	33	21	0
Benefit Plan Adjustments:
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance	(321)	(392)	(394)
Fiscal year activity	(7)	71	2
Ending balance	(328)	(321)	(392)
Foreign currency translation adjustments:
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance	(970)	(549)	(939)
Fiscal year activity	18	(421)	390
Ending balance	(952)	(970)	(549)
Noncontrolling Interests
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance	921	935	807
Ending balance	881	921	935
Foreign currency translation adjustments, fiscal year activity	$ (18)	$ (97)	$ 78

Valuation and Qualifying Acco_3

Valuation and Qualifying Accounts - Schedule of Valuation and Qualifying Accounts (Detail) - USD ($) $ in Millions	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
Allowances for doubtful accounts
SEC Schedule, 12-09, Movement in Valuation Allowances and Reserves [Roll Forward]
Balance at beginning of year	$ (67)	$ (71)	$ (73)
Additions	(10)	(6)	(5)
Acquisitions and disposals	0	0	(3)
Utilization	19	7	15
Foreign exchange	1	3	(5)
Balance at end of year	(57)	(67)	(71)
Allowances for sales returns
SEC Schedule, 12-09, Movement in Valuation Allowances and Reserves [Roll Forward]
Balance at beginning of year	(173)	(190)	(174)
Additions	(516)	(554)	(514)
Acquisitions and disposals	0	(1)	(8)
Utilization	536	564	511
Foreign exchange	(1)	8	(5)
Balance at end of year	(154)	(173)	(190)
Deferred tax valuation allowance
SEC Schedule, 12-09, Movement in Valuation Allowances and Reserves [Roll Forward]
Balance at beginning of year	(1,588)	(1,765)	(1,546)
Additions	(71)	(237)	(180)
Acquisitions and disposals	0	(8)	10
Utilization	15	232	100
Foreign exchange	(2)	190	(149)
Balance at end of year	$ (1,646)	$ (1,588)	$ (1,765)

Subsequent Events- Additional I

Subsequent Events- Additional Information (Detail) - $ / shares	1 Months Ended	12 Months Ended
	Aug. 31, 2023	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
Common Class A
Subsequent Event [Line Items]
Cash dividend declared per share (in dollars per share)		$ 0.20	$ 0.20	$ 0.20
Common Class B
Subsequent Event [Line Items]
Cash dividend declared per share (in dollars per share)		$ 0.20	$ 0.20	$ 0.20
Subsequent Event | Common Class A
Subsequent Event [Line Items]
Cash dividend declared per share (in dollars per share)	$ 0.10
Subsequent Event | Common Class B
Subsequent Event [Line Items]
Cash dividend declared per share (in dollars per share)	$ 0.10