NEWS CORP
For the period ended Sep 30, 2024. Filed Nov 8, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Nov 8, 2024
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Consolidated Statements of Comprehensive Income (Loss)for the
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)
(Unaudited; millions)
| For the three months endedSeptember 30, | ||
|---|---|---|
| 2024 | 2023 | |
| Net income | $144 | $58 |
| Other comprehensive income (loss): | ||
| Foreign currency translation adjustments | 170 | (145) |
| Net change in the fair value of cash flow hedges(a) | (16) | (1) |
| Benefit plan adjustments, net(b) | (3) | 15 |
| Other comprehensive income (loss) | 151 | (131) |
| Comprehensive income (loss) | 295 | (73) |
| Net income attributable to noncontrolling interests | (25) | (28) |
| Other comprehensive (income) loss attributable to noncontrolling interests(c) | (31) | 31 |
| Comprehensive income (loss) attributable to News Corporation stockholders | $239 | $(70) |
(a) Net of income tax expense (benefit) of $(6) million and $(1) million for the three months ended September 30, 2024 and 2023, respectively.
(b) Net of income tax expense (benefit) of $(1) million and $5 million for the three months ended September 30, 2024 and 2023, respectively.
(c) Primarily consists of foreign currency translation adjustments.
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