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Segment Information
 9 Months Ended
Jun. 29, 2013
Segment Information
2.
Segment Information
The operating segments reported below are the segments of the Company for which separate financial information is available and for which segment results are evaluated regularly by the Chief Executive Officer in deciding how to allocate resources and in assessing performance. The Company reports the performance of its operating segments including equity in the income of investees. Equity in the income of investees included in segment operating results is as follows:
 
 
Quarter Ended
 
Nine Months Ended
 
June 29,
2013
 
June 30,
2012
 
June 29,
2013
 
June 30,
2012
Media Networks
 
 
 
 
 
 
 
Cable Networks
$
237

 
$
177

 
$
609

 
$
476

Broadcasting
(5
)
 
(7
)
 
(28
)
 
(24
)
Equity in the income of investees included in segment operating income
$
232

 
$
170

 
$
581

 
$
452



During the nine months ended June 29, 2013, the Company recorded a $55 million charge for our share of expense related to an equity redemption at Hulu LLC (Hulu Equity Redemption). This charge is recorded in equity in the income of investees in the Condensed Consolidated Statements of Income but has been excluded from segment operating income. See Note 3 for further discussion of the transaction.
 
Quarter Ended
 
Nine Months Ended
 
June 29,
2013
 
June 30,
2012
 
June 29,
2013
 
June 30,
2012
Revenues (1):
 
 
 
 
 
 
 
Media Networks
$
5,352

 
$
5,084

 
$
15,410

 
$
14,555

Parks and Resorts
3,678

 
3,441

 
10,371

 
9,495

Studio Entertainment
1,590

 
1,625

 
4,473

 
4,423

Consumer Products
775

 
742

 
2,551

 
2,369

Interactive
183

 
196

 
668

 
654

 
$
11,578

 
$
11,088

 
$
33,473

 
$
31,496

Segment operating income (loss) (1):
 
 
 
 
 
 
 
Media Networks
$
2,300

 
$
2,126

 
$
5,376

 
$
5,048

Parks and Resorts
689

 
630

 
1,649

 
1,405

Studio Entertainment
201

 
313

 
553

 
642

Consumer Products
219

 
209

 
765

 
670

Interactive
(58
)
 
(42
)
 
(103
)
 
(140
)
 
$
3,351

 
$
3,236

 
$
8,240

 
$
7,625


(1) Studio Entertainment segment revenues and operating income include an allocation of Consumer Products and Interactive revenues, which is meant to reflect royalties on sales of merchandise based on certain film properties. The increases/(decreases) related to these allocations on segment revenues and operating income as reported in the above table are as follows:
 
Quarter Ended
 
Nine Months Ended
 
June 29,
2013
 
June 30,
2012
 
June 29,
2013
 
June 30,
2012
Studio Entertainment
$
62

 
$
64

 
$
166

 
$
194

Consumer Products
(62
)
 
(53
)
 
(165
)
 
(182
)
Interactive
—

 
(11
)
 
(1
)
 
(12
)
 
$
—

 
$
—

 
$
—

 
$
—

A reconciliation of segment operating income to income before income taxes is as follows:
 
Quarter Ended
 
Nine Months Ended
 
June 29,
2013
 
June 30,
2012
 
June 29,
2013
 
June 30,
2012
Segment operating income
$
3,351

 
$
3,236

 
$
8,240

 
$
7,625

Corporate and unallocated shared expenses
(115
)
 
(107
)
 
(367
)
 
(334
)
Restructuring and impairment charges
(60
)
 
(7
)
 
(121
)
 
(51
)
Other income/(expense), net
—

 
—

 
(92
)
 
184

Net interest expense
(83
)
 
(93
)
 
(209
)
 
(278
)
Hulu Equity Redemption charge
—

 
—

 
(55
)
 
—

Income before income taxes
$
3,093

 
$
3,029

 
$
7,396

 
$
7,146