The Company and RIL plan to close the Star India Transaction on or about November 14, 2024, which will form a joint venture that includes Star India and certain media and entertainment businesses controlled by RIL, primarily in India. RIL has an effective 56% controlling interest in the joint venture with 37% held by the Company, and 7% by Bodhi Tree Systems, a third party investment company.

Star India’s assets and liabilities are classified as held for sale in the Consolidated Balance Sheet as of September 28, 2024, and we recorded $1.5 billion of non-cash impairment charges in “Restructuring and impairment charges” in fiscal 2024 to reflect Star India at its fair value less costs to sell. The measurement of these impairment charges included non-cash cumulative foreign currency translation losses of approximately $0.8 billion. In addition, in the first quarter of fiscal 2025, we anticipate we will recognize a non-cash tax charge of approximately $0.3 billion in connection with the close of the transaction.

Assets and liabilities of Star India are classified as held for sale in the Consolidated Balance Sheet as of September 28, 2024 as follows:



Receivables and other current assets	$	749
Content advances	535
Total current assets	1,284
Produced and licensed content costs	549
Property and equipment, net	106
Intangible assets, net	757
Goodwill	1,106
Other assets	559
Total assets(1)	$	4,361

Accounts payable and other accrued liabilities	$	358
Deferred revenue and other	88
Total current liabilities	446
Other long-term liabilities	379
Total liabilities(1)	$	825

(1)Total current assets and non-current assets held for sale are included in “Other current assets” and “Other assets,” respectively, in the Consolidated Balance Sheet. Total current liabilities and non-current liabilities held for sale are included in “Deferred revenue and other” and “Other long-term liabilities” in the Consolidated Balance Sheet. These assets and liabilities are subject to change through closing.

The changes in the carrying amount of goodwill are as follows:


	Entertainment		Sports		Experiences		Star India		Total
Balance at Oct. 1, 2022	$	55,488	$	16,859	$	5,550	$	—	$	77,897


Impairments(1)	(425)		(296)		—		—		(721)
Currency translation adjustments and other, net	(32)		(77)		—		—		(109)
Balance at Sep. 30, 2023	$	55,031	$	16,486	$	5,550	$	—	$	77,067
Allocation to Star India	(2,445)		—		—		2,445		—
Impairments(1)	(1,287)		—		—		(1,335)		(2,622)
Reclassification to held for sale	—		—		—		(1,106)		(1,106)
Currency translation adjustments and other, net	(9)		—		—		(4)		(13)
Balance at Sep. 28, 2024	$	51,290	$	16,486	$	5,550	$	—	$	73,326

(1)Current year reflects impairments related to entertainment linear networks and Star India (see Note 18). Prior year reflects impairments at entertainment and international sports linear networks (see Note 18).