v3.26.1
Leases
 12 Months Ended
Jun. 30, 2026
Leases [Abstract]  
Leases LEASES
Lessee Arrangements
The following amounts were recorded in the Company’s Balance Sheets relating to its operating leases and other supplemental information:
As of June 30,
20262025
(in millions)
ROU assets$851 $814 
Lease liabilities
Current lease liabilities$45 $41 
Non-current lease liabilities917 822 
Total lease liabilities$962 $863 
Other supplemental information
Weighted average remaining lease term14 Years15 years
Weighted average discount rate5 %5 %
The following table presents information about the Company’s lease costs and supplemental cash flows information for leases:
For the years ended June 30,
202620252024
(in millions)
Lease costs
Total lease costs(a)
$146 $146 $147 
Supplemental cash flows information
Operating cash flows from operating leases$82 $125 $126 
ROU assets obtained in exchange for operating lease liabilities$147 $19 $36 
(a)
Total lease costs for fiscal 2026, 2025 and 2024 are net of sublease income of approximately $5 million, $15 million and $15 million, respectively.
The following table presents the lease payments relating to the Company’s operating leases:
As of June 30, 2026
(in millions)
Fiscal Year
2027$81 
2028112 
2029106 
203095 
203184 
Thereafter948 
Total lease payments1,426 
Less: imputed interest(464)
Present value of operating lease liabilities$962 
Lessor Arrangements
The Company’s lessor arrangements primarily relate to its owned production and office facilities at the FOX Studio Lot, which is located in Los Angeles, California. In fiscal 2026 and 2025, the Company leased production and office space on the FOX Studio Lot, which was predominantly utilized by The Walt Disney Company (“Disney”) until March of 2026.
The Company recorded total lease income for fiscal 2026, 2025 and 2024 of approximately $25 million, $45 million and $55 million, respectively, which is included in Revenues in the Statements of Operations. The Company recognizes lease payments for operating leases as revenue on a straight-line basis over the lease term and variable lease payments as revenue in the period incurred.
Leases LEASES
Lessee Arrangements
The following amounts were recorded in the Company’s Balance Sheets relating to its operating leases and other supplemental information:
As of June 30,
20262025
(in millions)
ROU assets$851 $814 
Lease liabilities
Current lease liabilities$45 $41 
Non-current lease liabilities917 822 
Total lease liabilities$962 $863 
Other supplemental information
Weighted average remaining lease term14 Years15 years
Weighted average discount rate5 %5 %
The following table presents information about the Company’s lease costs and supplemental cash flows information for leases:
For the years ended June 30,
202620252024
(in millions)
Lease costs
Total lease costs(a)
$146 $146 $147 
Supplemental cash flows information
Operating cash flows from operating leases$82 $125 $126 
ROU assets obtained in exchange for operating lease liabilities$147 $19 $36 
(a)
Total lease costs for fiscal 2026, 2025 and 2024 are net of sublease income of approximately $5 million, $15 million and $15 million, respectively.
The following table presents the lease payments relating to the Company’s operating leases:
As of June 30, 2026
(in millions)
Fiscal Year
2027$81 
2028112 
2029106 
203095 
203184 
Thereafter948 
Total lease payments1,426 
Less: imputed interest(464)
Present value of operating lease liabilities$962 
Lessor Arrangements
The Company’s lessor arrangements primarily relate to its owned production and office facilities at the FOX Studio Lot, which is located in Los Angeles, California. In fiscal 2026 and 2025, the Company leased production and office space on the FOX Studio Lot, which was predominantly utilized by The Walt Disney Company (“Disney”) until March of 2026.
The Company recorded total lease income for fiscal 2026, 2025 and 2024 of approximately $25 million, $45 million and $55 million, respectively, which is included in Revenues in the Statements of Operations. The Company recognizes lease payments for operating leases as revenue on a straight-line basis over the lease term and variable lease payments as revenue in the period incurred.