XML 36 R25.htm IDEA: XBRL DOCUMENT
v3.22.0.1

Segment Information (Tables) | 6 Months Ended
--- | ---
Dec. 31, 2021
Segment Reporting [Abstract] |
Reconciliation of Revenues and Segment EBITDA from Segments to Consolidated | The following tables set forth the Company’s Revenues and Segment EBITDA for the three and six months ended December 31, 2021 and 2020:
| For the three months ended December 31, |  | For the six months ended December 31, |  |
| 2021 |  | 2020 |  | 2021 |  | 2020 |  |  |  |
| (in millions)
Revenues |  |  |  |  |  |  |  |  |  |  |
Cable Network Programming | $ | 1,638 |  |  | $ | 1,488 |  |  | $ | 3,054 |  |  | $ | 2,813 |  |  |  |  |
Television | 2,759 |  |  | 2,556 |  |  | 4,340 |  |  | 3,906 |  |  |  |  |
Other, Corporate and Eliminations | 44 |  |  | 43 |  |  | 92 |  |  | 85 |  |  |  |  |
Total revenues | $ | 4,441 |  |  | $ | 4,087 |  |  | $ | 7,486 |  |  | $ | 6,804 |  |  |  |  |
Segment EBITDA |  |  |  |  |  |  |  |  |  |  |
Cable Network Programming | $ | 668 |  |  | $ | 571 |  |  | $ | 1,442 |  |  | $ | 1,352 |  |  |  |  |
Television | (273) |  |  | (185) |  |  | 86 |  |  | 272 |  |  |  |  |
Other, Corporate and Eliminations | (85) |  |  | (81) |  |  | (154) |  |  | (153) |  |  |  |  |
Amortization of cable distribution investments | (4) |  |  | (6) |  |  | (9) |  |  | (11) |  |  |  |  |
Depreciation and amortization | (93) |  |  | (70) |  |  | (172) |  |  | (138) |  |  |  |  |
Impairment and restructuring charges | — |  |  | — |  |  | — |  |  | (35) |  |  |  |  |
Interest expense, net | (97) |  |  | (97) |  |  | (194) |  |  | (195) |  |  |  |  |
Other, net | (211) |  |  | 172 |  |  | (142) |  |  | 691 |  |  |  |  |
(Loss) income before income tax benefit (expense) | (95) |  |  | 304 |  |  | 857 |  |  | 1,783 |  |  |  |  |
Income tax benefit (expense) | 22 |  |  | (74) |  |  | (222) |  |  | (436) |  |  |  |  |
Net (loss) income | (73) |  |  | 230 |  |  | 635 |  |  | 1,347 |  |  |  |  |
Less: Net income attributable to noncontrolling interests | (12) |  |  | (6) |  |  | (19) |  |  | (17) |  |  |  |  |
Net (loss) income attributable to Fox Corporation stockholders | $ | (85) |  |  | $ | 224 |  |  | $ | 616 |  |  | $ | 1,330 |  |  |  |  |
Summary of Revenues by Segment by Component to Consolidated | Revenues by Segment by Component
| For the three months ended December 31, |  | For the six months ended December 31, |  |
| 2021 |  | 2020 |  | 2021 |  | 2020 |  |  |  |
| (in millions)
Cable Network Programming |  |  |  |  |  |  |  |  |  |  |
Affiliate fee | $ | 1,039 |  |  | $ | 928 |  |  | $ | 2,065 |  |  | $ | 1,901 |  |  |  |  |
Advertising | 454 |  |  | 441 |  |  | 765 |  |  | 740 |  |  |  |  |
Other | 145 |  |  | 119 |  |  | 224 |  |  | 172 |  |  |  |  |
Total Cable Network Programming revenues | 1,638 |  |  | 1,488 |  |  | 3,054 |  |  | 2,813 |  |  |  |  |
Television |  |  |  |  |  |  |  |  |  |  |
Advertising | 1,954 |  |  | 1,841 |  |  | 2,773 |  |  | 2,511 |  |  |  |  |
Affiliate fee | 649 |  |  | 590 |  |  | 1,290 |  |  | 1,150 |  |  |  |  |
Other | 156 |  |  | 125 |  |  | 277 |  |  | 245 |  |  |  |  |
Total Television revenues | 2,759 |  |  | 2,556 |  |  | 4,340 |  |  | 3,906 |  |  |  |  |
Other, Corporate and Eliminations | 44 |  |  | 43 |  |  | 92 |  |  | 85 |  |  |  |  |
Total revenues | $ | 4,441 |  |  | $ | 4,087 |  |  | $ | 7,486 |  |  | $ | 6,804 |  |  |  |  |
Reconciliation of Depreciation and Amortization from Segments to Consolidated |
| For the three months ended December 31, |  | For the six months ended December 31, |  |
| 2021 |  | 2020 |  | 2021 |  | 2020 |  |  |  |
| (in millions)
Depreciation and amortization |  |  |  |  |  |  |  |  |  |  |
Cable Network Programming | $ | 17 |  |  | $ | 12 |  |  | $ | 27 |  |  | $ | 25 |  |  |  |  |
Television | 28 |  |  | 26 |  |  | 54 |  |  | 51 |  |  |  |  |
Other, Corporate and Eliminations | 48 |  |  | 32 |  |  | 91 |  |  | 62 |  |  |  |  |
Total depreciation and amortization | $ | 93 |  |  | $ | 70 |  |  | $ | 172 |  |  | $ | 138 |  |  |  |  |
Reconciliation of Assets from Segments to Consolidated |
| As of December 31, 2021 |  | As of June 30, 2021
| (in millions)
Assets |  |  |
Cable Network Programming | $ | 2,623 |  |  | $ | 2,577 |
Television | 9,094 |  |  | 7,305 |
Other, Corporate and Eliminations | 10,330 |  |  | 12,145 |
Investments | 831 |  |  | 899 |
Total assets | $ | 22,878 |  |  | $ | 22,926 |

X
- Definition Reconciliation of revenue and segment Ebitda from segments to consolidated. + References No definition available. + Details
Name: | fox_ReconciliationOfRevenueAndSegmentEbitdaFromSegmentsToConsolidatedTableTableTextBlock
Namespace Prefix: | fox_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130545-203045 + Details
Name: | us-gaap_DisaggregationOfRevenueTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of all significant reconciling items in the reconciliation of total assets from reportable segments to the entity's consolidated assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8906-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8924-108599 + Details
Name: | us-gaap_ReconciliationOfAssetsFromSegmentToConsolidatedTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of each significant reconciling item, other than profit (loss), revenues, or assets, in the reconciliation of totals of such items in reportable segments to the entity's corresponding consolidated amount. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8924-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8906-108599 + Details
Name: | us-gaap_ReconciliationOfOtherSignificantReconcilingItemsFromSegmentsToConsolidatedTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration