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Segment Information
 6 Months Ended
Mar. 29, 2014
Segment Information
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
 
Six Months Ended
 
March 29,
2014
 
March 30,
2013
 
March 29,
2014
 
March 30,
2013
Media Networks
 
 
 
 
 
 
 
Cable Networks
$
223

 
$
195

 
$
480

 
$
372

Broadcasting
(6
)
 
(10
)
 
(24
)
 
(23
)
Equity in the income of investees included in segment operating income
$
217

 
$
185

 
$
456

 
$
349



During the six months ended March 30, 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
 
Six Months Ended
 
March 29,
2014
 
March 30,
2013
 
March 29,
2014
 
March 30,
2013
Revenues (1):
 
 
 
 
 
 
 
Media Networks
$
5,134

 
$
4,957

 
$
10,424

 
$
10,058

Parks and Resorts
3,562

 
3,302

 
7,159

 
6,693

Studio Entertainment
1,800

 
1,338

 
3,693

 
2,883

Consumer Products
885

 
763

 
2,011

 
1,776

Interactive
268

 
194

 
671

 
485

 
$
11,649

 
$
10,554

 
$
23,958

 
$
21,895

Segment operating income (loss) (1):
 
 
 
 
 
 
 
Media Networks
$
2,133

 
$
1,862

 
$
3,588

 
$
3,076

Parks and Resorts
457

 
383

 
1,128

 
960

Studio Entertainment
475

 
118

 
884

 
352

Consumer Products
274

 
200

 
704

 
546

Interactive
14

 
(54
)
 
69

 
(45
)
 
$
3,353

 
$
2,509

 
$
6,373

 
$
4,889


(1) Studio Entertainment segment revenues and operating income include an allocation of Consumer Products 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
 
Six Months Ended
 
March 29,
2014
 
March 30,
2013
 
March 29,
2014
 
March 30,
2013
Studio Entertainment
$
58

 
$
48

 
$
121

 
$
103

Consumer Products
(58
)
 
(48
)
 
(121
)
 
(103
)
 
$
—

 
$
—

 
$
—

 
$
—

A reconciliation of segment operating income to income before income taxes is as follows:
 
Quarter Ended
 
Six Months Ended
 
March 29,
2014
 
March 30,
2013
 
March 29,
2014
 
March 30,
2013
Segment operating income
$
3,353

 
$
2,509

 
$
6,373

 
$
4,889

Corporate and unallocated shared expenses
(155
)
 
(129
)
 
(271
)
 
(252
)
Restructuring and impairment charges
(48
)
 
(61
)
 
(67
)
 
(61
)
Other income/(expense), net
(37
)
 
10

 
(31
)
 
(92
)
Interest income/(expense), net
62

 
(54
)
 
111

 
(126
)
Hulu Equity Redemption
—

 
—

 
—

 
(55
)
Income before income taxes
$
3,175

 
$
2,275

 
$
6,115

 
$
4,303