Company: FOX
Filing Date: 2025-05-12
Form Type: 10-Q
Source: 0001628280-25-024466
Chunk: 62

Company: Fox Corp
Filing Date: 2025-05-12
Form: 10-Q
Item: Part I, Item 8
Chunk 62
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 of assets(b)— 167 — 167 Other(3)(6)(8)(18)Total non-operating other, net$(158)$244 $156 $39 (a)Net (losses) gains on investments in equity securities includes the (losses) gains related to the change in fair value of the Company’s investment in Flutter (See Note 4—Fair Value), and for the nine months ended March 31, 2024, the losses related to the Company’s investment in a live streaming mobile platform.(b)Gain on sale of assets related to the launch of the United Football League during the three and nine months ended March 31, 2024. Other Non-Current AssetsThe following table sets forth the components of Other non-current assets included in the Balance Sheets: As ofMarch 31,2025As ofJune 30,2024 (in millions)Investments(a)$1,362 $1,129 Operating lease assets859 904 Inventories, net802 712 Grantor Trust240 247 Other314 323 Total other non-current assets$3,577 $3,315 (a)Includes investments accounted for at fair value on a recurring basis of $970 million and $797 million as of March 31, 2025 and June 30, 2024, respectively (See Note 4—Fair Value).

18

FOX CORPORATIONNOTES TO THE UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS

Accounts Payable, Accrued Expenses and Other Current LiabilitiesThe following table sets forth the components of Accounts payable, accrued expenses and other current liabilities included in the Balance Sheets:As ofMarch 31,2025As ofJune 30,2024(in millions)Programming payable$1,317 $683 Accrued expenses959 1,006 Deferred revenue253 180 Operating lease liabilities51 76 Other current liabilities387 408 Total accounts payable, accrued expenses and other current liabilities$2,967 $2,353 Other LiabilitiesThe following table sets forth the components of Other liabilities included in the Balance Sheets:As ofMarch 31,2025As ofJune 30,2024(in millions)Non-current operating lease liabilities$855 $879 Accrued non-current pension/postretirement liabilities261 276 Other non-current liabilities217 211 Total other liabilities$1,333 $1,366 Future Performance