Earnings (Loss) Per Share (Tables)

12 Months Ended

Jun. 30, 2016

Earnings Per Share [Abstract]

Computation of Basic and Diluted Earnings per Share

The following tables set forth the computation of basic and diluted earnings per share under ASC 260, “Earnings per Share”:

	For the fiscal years ended June 30,
	2016			2015			2014
	(in millions, except per share amounts)
Income from continuing operations	$	235		$	367		$	436
Less: Net income attributable to noncontrolling interests		(71	)		(69	)		(55	)
Less: Redeemable preferred stock dividends(a)		(2	)		(2	)		(2	)
Income from continuing operations available to News Corporation stockholders		162			296			379
Income (loss) from discontinued operations, net of tax, available to News Corporation stockholders		15			(445	)		(142	)
Net income (loss) available to News Corporation stockholders	$	177		$	(149	)	$	237
Weighted-average number of shares of common stock outstanding—basic		580.6			581.0			579.0
Dilutive effect of equity awards		1.9			1.6			0.7
Weighted-average number of shares of common stock outstanding—diluted		582.5			582.6			579.7
Income from continuing operations available to News Corporation stockholders per share—basic and diluted	$	0.28		$	0.51		$	0.65
Income (loss) from discontinued operations available to News Corporation stockholders per share—basic and diluted	$	0.02		$	(0.77	)	$	(0.24	)
Net income (loss) available to News Corporation stockholders per share—basic and diluted	$	0.30		$	(0.26	)	$	0.41

^(a) See Note 10—Redeemable Preferred Stock