v3.24.3
Reconciliation of Segment Operating Income to Income before Income Taxes (Details) - USD ($)
$ in Millions
 12 Months Ended
Sep. 28, 2024
Sep. 30, 2023
Oct. 01, 2022
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]      
Segment Operating Income [1] $ 15,601 $ 12,863 $ 12,121
Content License Early Termination 0 0 (1,023)
Corporate and unallocated shared expenses (1,435) (1,147) (1,159)
Restructuring and impairment charges (3,595) (3,836) [2] (237)
Other income (expense), net [3] (65) 96 (667)
Interest expense, net (1,260) (1,209) (1,397)
TFCF and Hulu acquisition amortization [4] (1,677) (1,998) (2,353)
Income from continuing operations before income taxes $ 7,569 $ 4,769 $ 5,285
[1] Equity in the income of investees is included in segment operating income as follows:
202420232022
Entertainment
$529  $685  $783  
Sports
58  55  55  
Experiences
—  (2) (10) 
Equity in the income of investees included in segment operating income587  738  828  
A+E Gain(1)
—  56  —  
Amortization of TFCF intangible assets related to equity investees
(12) (12) (12) 
Equity in the income of investees$575  $782  $816  
[2] Net of the A+E Gain in fiscal 2023.
[3] “Other income (expense), net” for fiscal 2024 and 2023 includes charges related to a legal ruling of $65 million and $101 million, respectively. Fiscal 2023 and 2022 include a gain of $169 million and a loss of $663 million, respectively, to adjust our investment in DraftKings, Inc. to fair value. The Company sold the DraftKings investment in fiscal 2023.
[4] TFCF and Hulu acquisition amortization is as follows:
202420232022
Amortization of intangible assets
$1,394  $1,547  $1,707  
Step-up of film and episodic costs
271 439 634 
Intangibles related to TFCF equity investees
12 12 12 
$1,677 $1,998 $2,353