Issuance of subsidiary common units

  
FOX CORPORATIONNOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS(iii) revenues related to performance obligations for which the Company elects to recognize revenue in the amount it has a right to invoice.Supplemental Information

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|  | For the years ended June 30, |
|  | 2022 |  | 2021 |  | 2020 |
|  | (in millions) |
| Supplemental cash flows information |  |  |  |  |  |
| Cash paid for interest | $ | (383) |  |  | $ | (390) |  |  | $ | (355) |  |
| Cash paid for income taxes | $ | (209) |  |  | $ | (225) |  |  | $ | (88) |  |
|  |  |  |  |  |  |
| Supplemental information on acquisitions |  |  |  |  |  |
| Fair value of assets acquired, excluding cash | $ | 348  |  |  | $ | 49  |  |  | $ | 1,254  |  |
| Cash acquired | 9  |  |  | —  |  |  | 41  |  |
| Liabilities assumed | (47) |  |  | 2  |  |  | (84) |  |
| Redeemable noncontrolling interests issued | (5) |  |  | —  |  |  | (109) |  |
| Cash paid | (252) |  |  | (51) |  |  | (1,102) |  |
| Fair value of equity instruments issued as consideration to third parties(a) | 53  |  |  | —  |  |  | —  |  |
| Issuance of subsidiary common units | (53) |  |  | —  |  |  | —  |  |
| Fair value of equity instruments consideration | $ | —  |  |  | $ | —  |  |  | $ | —  |  |



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| (a) | Includes Redeemable noncontrolling interests. |

NOTE 21. SUBSEQUENT EVENTSSubsequent to June 30, 2022, the Company increased its semi-annual dividend and declared a semi-annual dividend of $0.25 per share on both the Class A Common Stock and the Class B Common Stock. The dividend declared is payable on September 28, 2022 with a record date for determining dividend entitlements of August 31, 2022. Subsequent to June 30, 2022, the Company repurchased a total of approximately 1.5 million shares of Common Stock for $50 million in the open market.108
