Company: FOX
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0001628280-25-047354
Chunk: 28

Company: Fox Corp
Filing Date: 2025-10-30
Form: 10-Q
Item: Part I, Item 1
Chunk 28
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461 $2,897 

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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)$(242)Redemption of noncontrolling interests208 — Net (income) loss(1)2 Accretion and redemption value adjustments — 38 End of period$(81)$(202)Future Performance ObligationsAs of September 30, 2025, approximately $7.2 billion of revenues are expected to be recognized primarily over the next one to three years. The Company’s most significant remaining performance obligations relate to distribution contracts, content licensing contracts with fixed fees and sports advertising contracts. The amount disclosed does not include (i) revenues related to performance obligations that are part of a contract whose original expected duration is one year or less, (ii) revenues that are in the form of sales- or usage-based royalties and (iii) revenues related to performance obligations for which the Company elects to recognize revenue in the amount it has a right to invoice.Supplemental InformationThe following table summarizes supplemental information on the Statements of Cash Flows:For the three months ended September 30, 20252024 (in millions) Supplemental cash flow informationCash paid for interest$(135)$(133)Cash paid for income taxes$(71)$(21)

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