Company: FOX
Filing Date: 2025-05-12
Form Type: 10-Q
Source: 0001628280-25-024466
Chunk: 49

Company: Fox Corp
Filing Date: 2025-05-12
Form: 10-Q
Item: Part I, Item 8
Chunk 49
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Total$537 $497 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 March 31, For the nine months ended March 31, 2025202420252024(in millions)Total amortization expense$1,913 $1,134 $5,801 $4,596 

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”).

7

FOX CORPORATIONNOTES TO THE UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS

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 March 31, 2025 Total Level 1Level 2Level 3 (in millions) Investments in equity securities$970 $970 (a)$— $— Redeemable noncontrolling interests(228)— — (228)(b)Total$742 $970 $— $(228)Fair value measurementsAs of June 30, 2024Total Level 1 Level 2Level 3(in millions)Investments in equity securities$797 $797 (a)$— $— Redeemable noncontrolling interests(242)— — (242)(b)Total$555 $797 $— $(242)(a)The investments categorized as Level 1 primarily represent an investment in equity securities of Flutter Entertainment plc (“Flutter”) with a readily determinable fair value.(b)The Company utilizes both the market and income approach valuation techniques for its Level 3 fair value measures. Inputs to such measures could include observable market data obtained from independent sources such as broker quotes and recent market transactions for similar assets. It is the Company’s policy to maximize the use of observable inputs in the measurement of its Level 3 fair value measurements. To the extent observable inputs are not available, the Company utilizes unobservable inputs based upon the assumptions market participants would