NOTE 14. EARNINGS (LOSS) PER SHARE The following tables set forth the computation of basic and diluted earnings (loss) per share under ASC 260, “Earnings per Share”: | | | | | | | | | | | | | | | | | | | For the fiscal years ended June 30, | | 2023 | | 2022 | | 2021 | | (in millions, except per share amounts) | | Net income | $ | 187 | | | $ | 760 | | | $ | 389 | | | Less: Net income attributable to noncontrolling interests | (38) | | | (137) | | | (59) | | | | | | | | | Net income attributable to News Corporation stockholders | $ | 149 | | | $ | 623 | | | $ | 330 | | | Weighted-average number of shares of common stock outstanding—basic | 576.4 | | | 589.5 | | | 590.4 | | | Dilutive effect of equity awards | 2.4 | | | 3.0 | | | 3.0 | | | Weighted-average number of shares of common stock outstanding—diluted | 578.8 | | | 592.5 | | | 593.4 | | | Net income attributable to News Corporation stockholders per share - basic | $ | 0.26 | | | $ | 1.06 | | | $ | 0.56 | | | Net income attributable to News Corporation stockholders per share - diluted | $ | 0.26 | | | $ | 1.05 | | | $ | 0.56 | |
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