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Dispositions | 9 Months Ended
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Jun. 29, 2024
Discontinued Operations and Disposal Groups [Abstract] |
Disposal Groups, Including Discontinued Operations, Disclosure | Dispositions On February 28, 2024, Star India Private Limited (Star India), a subsidiary of the Company, entered into a binding definitive agreement with Reliance Industries Limited (RIL) and Viacom 18 Media Private Limited (Viacom 18), which is majority owned and controlled by RIL, to form a joint venture that will combine the businesses of Viacom18 and Star India consisting of entertainment and sports pay TV and free-to-air networks, DTC services, film and television content library and certain production businesses (the Star India Transaction). RIL will have 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. The Star India Transaction is expected to close in the first half of 2025, subject to customary closing conditions, including regulatory approvals and government consents. If closing has not occurred by February 28, 2026, Star India or RIL may terminate the transaction. Star India’s assets and liabilities (see table that follows) are presented as held for sale in the Condensed Consolidated Balance Sheet as of June 29, 2024. To reflect Star India at its fair value less costs to sell, we recognized a non-cash goodwill impairment charge of $1.3 billion in “Restructuring and impairment charges” in the second quarter of fiscal 2024. The measurement of this impairment charge included non-cash cumulative foreign currency translation losses of approximately $0.8 billion. Assets and liabilities of Star India are classified as held for sale in the Condensed Consolidated Balance Sheets as of June 29, 2024 as follows:
Receivables and other current assets | $ | 992
Content advances | 404
Total current assets | 1,396
Produced and licensed content costs | 574
Property and equipment, net | 81
Intangible assets, net | 760
Goodwill | 1,110
Other assets | 747
Total assets(1) | $ | 4,668
Accounts payable and other accrued liabilities | $ | 803
Deferred revenue and other | 74
Total current liabilities | 877
Other long-term liabilities | 363
Total liabilities(1) | $ | 1,240
(1)Total current assets and non-current assets held for sale are included in “Other current assets” and “Other assets,” respectively, in the Condensed Consolidated Balance Sheets. Total current liabilities and non-current liabilities held for sale are included in “Deferred revenue and other” and “Other long-term liabilities” in the Condensed Consolidated Balance Sheets. These assets and liabilities are subject to change through closing. Goodwill The changes in the carrying amount of goodwill are as follows:
| Entertainment |  | Sports |  | Experiences |  | Star India |  | Total
Balance at September 30, 2023 | $ | 55,031 |  |  | $ | 16,486 |  |  | $ | 5,550 |  |  | $ | — |  |  | $ | 77,067 |
Allocation to Star India | (2,445) |  |  | — |  |  | — |  |  | 2,445 |  |  | — |
Impairment(1) | (703) |  |  | — |  |  | — |  |  | (1,335) |  |  | (2,038) |
Reclassification to held for sale | — |  |  | — |  |  | — |  |  | (1,110) |  |  | (1,110) |
Currency translation adjustments and other, net | (5) |  |  | — |  |  | — |  |  | — |  |  | (5) |
Balance at June 29, 2024 | $ | 51,878 |  |  | $ | 16,486 |  |  | $ | 5,550 |  |  | $ | — |  |  | $ | 73,914 |
(1)Reflects impairments related to entertainment linear networks and Star India (see Note 16).

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- Definition The entire disclosure related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 205 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/205-20/tableOfContent Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 360 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/360/tableOfContent + Details
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