Company: FOX
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0001628280-25-047354
Chunk: 27

Company: Fox Corp
Filing Date: 2025-10-30
Form: 10-Q
Item: Part I, Item 1
Chunk 27
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17 (5)Total restructuring, impairment and other corporate matters$8 $(26)(a)See Note 8—Commitments and Contingencies under the heading "U.K. Newspaper Matters Indemnity."Interest Expense, netThe following table sets forth the components of Interest expense, net included in the Statements of Operations:For the three months ended September 30,20252024(in millions) Interest expense$(100)$(102)Interest income50 52 Total interest expense, net$(50)$(50)

16

FOX CORPORATIONNOTES TO THE UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS

Non-Operating Other, netThe following table sets forth the components of Non-operating other, net included in the Statements of Operations:For the three months ended September 30,20252024(in millions) Net (losses) gains on investments in equity securities(a)$(122)$236 Other(3)(3)Total non-operating other, net$(125)$233 (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). Other Non-Current AssetsThe following table sets forth the components of Other non-current assets included in the Balance Sheets: As ofSeptember 30,2025As ofJune 30,2025 (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,