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Leases | 12 Months Ended
--- | ---
Jun. 30, 2024
Leases [Abstract] |
Leases | LEASES Lessee Arrangements The following amounts were recorded in the Company’s Balance Sheets relating to its operating leases and other supplemental information:
| As of June 30,
| 2024 |  | 2023
| (in millions)
ROU assets | $ | 904 |  |  | $ | 947 |
Lease liabilities |  |  |
Current lease liabilities | $ | 76 |  |  | $ | 72 |
Non-current lease liabilities | 879 |  |  | 925 |
Total lease liabilities | $ | 955 |  |  | $ | 997 |
Other supplemental information |  |  |
Weighted average remaining lease term | 16 years |  | 17 years
Weighted average discount rate | 5 | % |  | 5 | %
In December 2022, the Company renewed the operating lease for its corporate headquarters at 1211 Avenue of the Americas in New York through fiscal 2042. In connection with this extension, the Company recorded additional operating lease assets and liabilities of approximately $540 million as of June 30, 2023. The following table presents information about the Company’s lease costs and supplemental cash flows information for leases:
| For the years ended June 30,
| 2024 |  | 2023 |  | 2022
| (in millions)
Lease costs |  |  |  |  |
Total lease costs(a) | $ | 147 |  |  | $ | 145 |  |  | $ | 128 |
Supplemental cash flows information |  |  |  |  |
Operating cash flows from operating leases | $ | 126 |  |  | $ | 119 |  |  | $ | 116 |
ROU assets obtained in exchange for operating lease liabilities | $ | 36 |  |  | $ | 568 |  |  | $ | 137 |
(a) | Total lease costs are net of sublease income of approximately $15 million in each period.
The following table presents the lease payments relating to the Company’s operating leases:
| As of June 30, 2024
| (in millions)
Fiscal Year |
2025 | $ | 121 |
2026 | 72 |
2027 | 69 |
2028 | 100 |
2029 | 93 |
Thereafter | 1,015 |
Total lease payments | 1,470 |
Less: imputed interest | (515) |
Present value of operating lease liabilities | $ | 955 |
Lessor Arrangements The Company’s lessor arrangements primarily relate to its owned production and office facilities at the FOX Studio Lot, which is located in Los Angeles, California. The Company le ases production and office space on the FOX Studio Lot to Disney for an initial term of seven years, subject to two five-year renewal options exercisable by Disney. As a result, the FOX Studio Lot will predominantly be utilized by Disney until 2026. The Company will receive approximately $50 million annually in lease payments over the remaining lease term. The Company recorded total lease income for fiscal 2024, 2023 and 2022 of approximately $55 million in each period, which is included in Revenues in the Statements of Operations. The Company recognizes lease payments for operating leases as revenue on a straight-line basis over the lease term and variable lease payments as revenue in the period incurred.

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- Definition Lessee and lessor operating leases. + References No definition available. + Details
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Namespace Prefix: | fox_
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Balance Type: | na
Period Type: | duration

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