Company: FOX
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0001628280-25-047354
Chunk: 16

Company: Fox Corp
Filing Date: 2025-10-30
Form: 10-Q
Item: Part I, Item 1
Chunk 16
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ATED FINANCIAL STATEMENTS

NOTE 3. INVENTORIES, NET

The Company’s inventories were comprised of the following:As ofSeptember 30,2025As ofJune 30,2025(in millions) Licensed programming, including prepaid sports rights$775 $633 Owned programming587 541 Total inventories, net1,362 1,174 Less: current portion of inventories, net(509)(432)Total non-current inventories, net$853 $742 Owned programmingReleased$302 $308 In-process or other285 233 Total$587 $541 The following table presents the aggregate amortization expense related to Inventories, net included in Operating expenses in the Statements of Operations:For the three months ended September 30, 20252024(in millions)Total amortization expense$1,144 $1,130 

NOTE 4. FAIR VALUE

Fair value measurements are required to be disclosed using a three-tiered fair value hierarchy which distinguishes market participant assumptions into the following categories: (i) inputs that are quoted prices in active markets (“Level 1”); (ii) inputs other than quoted prices included within Level 1 that are observable, including quoted prices for similar assets or liabilities (“Level 2”); and (iii) inputs that require the entity to use its own assumptions about market participant assumptions (“Level 3”).The following tables present information about financial assets and redeemable noncontrolling interests carried at fair value on a recurring basis:Fair value measurements As of September 30, 2025 Total Level 1Level 2Level 3 (in millions) Investments in equity securities$1,118 $1,118 (a)$— $— Redeemable noncontrolling interests(53)— — (53)(b)Total$1,065 $1,118 $— $(53)

7

FOX CORPORATIONNOTES TO THE UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS

Fair value measurementsAs of June 30, 2025Total Level 1 Level 2Level 3(in millions)Investments in equity securities$1,249 $1,249 (a)$— $— Redeemable noncontrolling interests(261)— — (261)(b)Total$988 $1,249 $— $(261)(a)The investments categorized as Level 1 primarily represent