Company: FOX
Filing Date: 2025-02-04
Form Type: 10-Q
Source: 0001628280-25-003592
Chunk: 28

Company: Fox Corp
Filing Date: 2025-02-04
Form: 10-Q
Item: Part I, Item 1
Chunk 28
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 following table sets forth the components of Restructuring, impairment and other corporate matters included in the Statements of Operations:For the three months ended December 31,For the six months ended December 31,2024202320242023(in millions) Restructuring charges$(3)$— $(11)$— Other corporate mattersLegal settlement costs(a)(90)(4)(97)(4)U.K. Newspaper Matters Indemnity(b)(13)(7)(19)(12)Other(a)(64)(7)(69)7 Total restructuring, impairment and other corporate matters$(170)$(18)$(196)$(9)(a)Primarily related to Venu Sports (See Note 8—Commitments and Contingencies under the heading "Venu Sports").(b)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 December 31,For the six months ended December 31,2024202320242023(in millions) Interest expense$(117)$(119)$(219)$(210)Interest income37 47 89 96 Total interest expense, net$(80)$(72)$(130)$(114)

17

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 December 31,For the six months ended December 31,2024202320242023(in millions) Net gains (losses) on investments in equity securities(a)$83 $(22)$319 $(193)Other(2)(7)(5)(12)Total non-operating other, net$81 $(29)$314 $(205)(a)Net gains (losses) on investments in equity securities includes the gains (losses) related to the change in fair value of the Company’s investment in Flutter (See Note 4—Fair Value), and for the three and six months ended December 31, 2023, the losses related to the Company’s investment in a live streaming mobile platform.Other Non-Current AssetsThe following table sets forth the components of Other non-current assets included in the Balance Sheets: As ofDecember 31,2024As ofJune