Consolidated Balance Sheets - USD ($) $ in Millions		Jun. 30, 2022	Jun. 30, 2021
Current assets:
Cash and cash equivalents		$ 1,822	$ 2,236
Receivables, net		1,502	1,498
Inventory, net		311	253
Other current assets		458	469
Total current assets		4,093	4,456
Non-current assets:
Investments		488	351
Property, plant and equipment, net		2,103	2,272
Operating lease right-of-use assets		891	1,035
Intangible assets, net		2,671	2,179
Goodwill		5,169	4,653
Deferred income tax assets		422	378
Other non-current assets		1,384	1,447
Total assets		17,221	16,771
Current liabilities:
Accounts payable		411	321
Accrued expenses		1,236	1,339
Deferred revenue		604	473
Current borrowings		293	28
Other current liabilities		975	1,073
Total current liabilities		3,519	3,234
Non-current liabilities:
Borrowings		2,776	2,285
Retirement benefit obligations		155	211
Deferred income tax liabilities		198	260
Operating lease liabilities		947	1,116
Other non-current liabilities		483	519
Commitments and contingencies
Equity
Additional paid-in capital		11,779	12,057
Accumulated deficit		(2,293)	(2,911)
Accumulated other comprehensive loss		(1,270)	(941)
Total News Corporation stockholders’ equity		8,222	8,211
Noncontrolling interests		921	935
Total equity		9,143	9,146
Total liabilities and equity		17,221	16,771
Class A Common Stock
Equity
Common stock	[1]	4	4
Class B Common Stock
Equity
Common stock	[2]	$ 2	$ 2

[1] Class A common stock, $0.01 par value per share (“Class A Common Stock”), 1,500,000,000 shares authorized, 387,561,850 and 391,212,047 shares issued and outstanding, net of 27,368,413 treasury shares at par, at June 30, 2022 and June 30, 2021, respectively.

[2] Class B common stock, $0.01 par value per share (“Class B Common Stock”), 750,000,000 shares authorized, 196,808,833 and 199,630,240 shares issued and outstanding, net of 78,430,424 treasury shares at par, at June 30, 2022 and June 30, 2021, respectively.