Company: FOX
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0001628280-25-047354
Chunk: 56

Company: Fox Corp
Filing Date: 2025-10-30
Form: 10-Q
Item: Part I, Item 8
Chunk 56
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 (in millions)Investments(a)$1,635 $1,621 Inventories, net853 742 Operating lease assets801 814 Grantor Trust assets252 246 Other323 309 Total other non-current assets$3,864 $3,732 (a)Includes investments accounted for at fair value on a recurring basis of $1.1 billion and $1.2 billion as of September 30, 2025 and June 30, 2025, respectively (See Note 4—Fair Value).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 ofSeptember 30,2025As ofJune 30,2025(in millions)Accrued expenses$916 $1,081 Programming payable768 1,070 Deferred revenue378 299 Operating lease liabilities41 41 Other current liabilities358 406 Total accounts payable, accrued expenses and other current liabilities$2,461 $2,897 

17

FOX CORPORATIONNOTES TO THE UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS

Other LiabilitiesThe following table sets forth the components of Other liabilities included in the Balance Sheets:As ofSeptember 30,2025As ofJune 30,2025(in millions)Non-current operating lease liabilities$808 $822 Accrued non-current pension/postretirement liabilities278 276 Other non-current liabilities224 243 Total other liabilities$1,310 $1,341 Redeemable Noncontrolling InterestsThe redeemable noncontrolling interests recorded are put rights held by minority shareholders in Credible Labs Inc. (“Credible”), an entertainment production company and a digital media company. The put right held by the Credible minority interest shareholder was exercised in December 2024 and was settled during the three months ended September 30, 2025. The put right held by the entertainment production company’s minority shareholder will become exercisable in fiscal 2027. The put right held by the digital media company’s minority shareholders will become exercisable in fiscal 2030.The changes in redeemable noncontrolling interests were as follows:For the three months ended September 30, 20252024(in millions) Beginning of period$(288)$(242)Redemption of noncontrolling interests208 — Net (income) loss