XML 40 R27.htm IDEA: XBRL DOCUMENT
v3.24.2.u1

Segment Information (Tables) | 9 Months Ended
--- | ---
Jun. 29, 2024
Financial Information by Operating Segments | Segment revenues and segment operating income are as follows:
| Quarter Ended |  | Nine Months Ended
| June 29, 2024 |  | July 1, 2023 |  | June 29, 2024 |  | July 1, 2023
Revenues: |  |  |  |  |  |  |
Entertainment |  |  |  |  |  |  |
Third parties | $ | 10,478 |  |  | $ | 10,031 |  |  | $ | 30,050 |  |  | $ | 30,827 |
Intersegment | 102 |  |  | 96 |  |  | 307 |  |  | 284 |
| 10,580 |  |  | 10,127 |  |  | 30,357 |  |  | 31,111 |
Sports |  |  |  |  |  |  |
Third parties | 4,291 |  |  | 4,101 |  |  | 12,826 |  |  | 12,441 |
Intersegment | 267 |  |  | 234 |  |  | 879 |  |  | 760 |
| 4,558 |  |  | 4,335 |  |  | 13,705 |  |  | 13,201 |
Experiences | 8,386 |  |  | 8,198 |  |  | 25,911 |  |  | 24,389 |
Eliminations | (369) |  |  | (330) |  |  | (1,186) |  |  | (1,044) |
Total segment revenues | $ | 23,155 |  |  | $ | 22,330 |  |  | $ | 68,787 |  |  | $ | 67,657 |
Segment operating income: |  |  |  |  |  |  |
Entertainment | $ | 1,201 |  |  | $ | 408 |  |  | $ | 2,856 |  |  | $ | 1,208 |
Sports | 802 |  |  | 854 |  |  | 1,477 |  |  | 1,484 |
Experiences | 2,222 |  |  | 2,297 |  |  | 7,613 |  |  | 7,195 |
Total segment operating income | $ | 4,225 |  |  | $ | 3,559 |  |  | $ | 11,946 |  |  | $ | 9,887 |
Equity in the income of investees is included in segment operating income as follows:
| Quarter Ended |  | Nine Months Ended
| June 29, 2024 |  | July 1, 2023 |  | June 29, 2024 |  | July 1, 2023
Entertainment | $ | 123 |  |  | $ | 174 |  |  | $ | 432 |  |  | $ | 527 |
Sports | 26 |  |  | 20 |  |  | 45 |  |  | 39 |
Experiences | — |  |  | — |  |  | — |  |  | (2) |
Equity in the income of investees included in segment operating income | 149 |  |  | 194 |  |  | 477 |  |  | 564 |
Amortization of TFCF intangible assets related to an equity investee | (3) |  |  | (3) |  |  | (9) |  |  | (9) |
Equity in the income of investees, net | $ | 146 |  |  | $ | 191 |  |  | $ | 468 |  |  | $ | 555 |
Equity In Income of Investees By Segment | Equity in the income of investees is included in segment operating income as follows:
| Quarter Ended |  | Nine Months Ended
| June 29, 2024 |  | July 1, 2023 |  | June 29, 2024 |  | July 1, 2023
Entertainment | $ | 123 |  |  | $ | 174 |  |  | $ | 432 |  |  | $ | 527 |
Sports | 26 |  |  | 20 |  |  | 45 |  |  | 39 |
Experiences | — |  |  | — |  |  | — |  |  | (2) |
Equity in the income of investees included in segment operating income | 149 |  |  | 194 |  |  | 477 |  |  | 564 |
Amortization of TFCF intangible assets related to an equity investee | (3) |  |  | (3) |  |  | (9) |  |  | (9) |
Equity in the income of investees, net | $ | 146 |  |  | $ | 191 |  |  | $ | 468 |  |  | $ | 555 |
Reconciliation of Segment Operating Income to Income before Income Taxes | A reconciliation of segment operating income to income before income taxes is as follows:
| Quarter Ended |  | Nine Months Ended
| June 29, 2024 |  | July 1, 2023 |  | June 29, 2024 |  | July 1, 2023
Segment operating income | $ | 4,225 |  |  | $ | 3,559 |  |  | $ | 11,946 |  |  | $ | 9,887 |
Corporate and unallocated shared expenses | (328) |  |  | (295) |  |  | (1,027) |  |  | (854) |
Restructuring and impairment charges(1) | — |  |  | (2,650) |  |  | (2,052) |  |  | (2,871) |
Other income (expense), net(2) | (65) |  |  | (11) |  |  | (65) |  |  | 96 |
Interest expense, net | (342) |  |  | (305) |  |  | (899) |  |  | (927) |
TFCF and Hulu Acquisition Amortization(3) | (397) |  |  | (432) |  |  | (1,282) |  |  | (1,569) |
Income (loss) before income taxes | $ | 3,093 |  |  | $ | (134) |  |  | $ | 6,621 |  |  | $ | 3,762 |
(1)See Note 16 for a discussion of amounts in restructuring and impairment charges. (2)“Other income (expense), net” for the quarter and nine months ended June 29, 2024 reflected a charge of $65 million related to a legal ruling. In the prior-year quarter and nine months ended July 1, 2023, the Company recognized a gain of $90 million and $169 million, respectively, on its investment in DraftKings, Inc. (DraftKings Gain), which was sold in the prior-year quarter. “Other income (expense), net” for the prior-year quarter and nine months ended July 1, 2023 also included a charge of $101 million related to a legal ruling. (3)TFCF and Hulu Acquisition Amortization is as follows:
| Quarter Ended |  | Nine Months Ended
| June 29, 2024 |  | July 1, 2023 |  | June 29, 2024 |  | July 1, 2023
Amortization of intangible assets | $ | 326 |  |  | $ | 361 |  |  | $ | 1,068 |  |  | $ | 1,186 |
Step-up of film and television costs | 68 |  |  | 68 |  |  | 205 |  |  | 374 |
Intangibles related to a TFCF equity investee | 3 |  |  | 3 |  |  | 9 |  |  | 9 |
| $ | 397 |  |  | $ | 432 |  |  | $ | 1,282 |  |  | $ | 1,569 |
Components of TFCF and Hulu Acquisition Amortization | TFCF and Hulu Acquisition Amortization is as follows:
| Quarter Ended |  | Nine Months Ended
| June 29, 2024 |  | July 1, 2023 |  | June 29, 2024 |  | July 1, 2023
Amortization of intangible assets | $ | 326 |  |  | $ | 361 |  |  | $ | 1,068 |  |  | $ | 1,186 |
Step-up of film and television costs | 68 |  |  | 68 |  |  | 205 |  |  | 374 |
Intangibles related to a TFCF equity investee | 3 |  |  | 3 |  |  | 9 |  |  | 9 |
| $ | 397 |  |  | $ | 432 |  |  | $ | 1,282 |  |  | $ | 1,569 |

X
- Definition Components of TFCF and Hulu Acquisition Amortization + References No definition available. + Details
Name: | dis_ComponentsOfTFCFAndHuluAcquisitionAmortizationTableTextBlock
Namespace Prefix: | dis_
Data Type: | dtr-types1:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Equity In Income Of Investees By Segment. + References No definition available. + Details
Name: | dis_EquityInIncomeOfInvesteesBySegmentTableTextBlock
Namespace Prefix: | dis_
Data Type: | dtr-types1:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the reconciliation of profit (loss) from reportable segments to the consolidated income (loss) before income tax expense (benefit) and discontinued operations. Includes, but is not limited to, reconciliation after income tax if income tax is allocated to the reportable segment. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-31 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
Name: | us-gaap_ReconciliationOfOperatingProfitLossFromSegmentsToConsolidatedTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
Name: | us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration