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Equity-Based Compensation | 6 Months Ended
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Dec. 31, 2021
Share-based Payment Arrangement [Abstract] |
Equity-Based Compensation | EQUITY-BASED COMPENSATION The Company has one equity plan, the Fox Corporation 2019 Shareholder Alignment Plan (See Note 12—Equity-Based Compensation in the 2021 Form 10-K). The following table summarizes the Company’s equity-based compensation:
| For the three months ended December 31, |  | For the six months ended December 31, |  |
| 2021 |  | 2020 |  | 2021 |  | 2020 |  |  |  |
| (in millions)
Equity-based compensation | $ | 32 |  |  | $ | 44 |  |  | $ | 47 |  |  | $ | 75 |  |  |  |  |
Intrinsic value of all settled equity-based awards | $ | 18 |  |  | $ | 10 |  |  | $ | 94 |  |  | $ | 91 |  |  |  |  |
Tax benefit on settled equity-based awards | $ | 4 |  |  | $ | 2 |  |  | $ | 21 |  |  | $ | 16 |  |  |  |  |
The Company’s equity-based awards are settled in Class A Common Stock. As of December 31, 2021, the Company’s total estimated compensation cost, not yet recognized, related to non-vested equity awards held by the Company’s employees was approximately $110 million and is expected to be recognized over a weighted average period between one and two years. As of December 31, 2021 and 2020, the Company had approximately 6 million and 7 million stock options outstanding, respectively. Awards Vested and Granted Restricted Stock Units During the six months ended December 31, 2021 and 2020, a pproximately 2.4 million and 3.5 million restricted stock units (“RSUs”) vested and approximately 1.7 million and 2.0 million RSUs were granted, respectively. These RSUs generally vest in equal annual installments over a three-year period subject to the participants’ continued employment with the Company. Performance-Based Stock Options During the six months ended December 31, 2021 and 2020, the Company granted approximately 4 million and 5 million performance-based stock options, respectively, which will vest in full at the end of a three-year performance period if the market condition is met, and have a term of seven years thereafter.

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- Definition The entire disclosure for share-based payment arrangement. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -URI http://asc.fasb.org/topic&trid=2228938 + Details
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