Income Taxes (Tables)

12 Months Ended

Oct. 01, 2016

Income Tax Disclosure [Abstract]

Income Before Income Taxes

	2016		2015		2014
Income Before Income Taxes
Domestic (including U.S. exports)	$	14,018	$	12,825	$	11,376
Foreign subsidiaries	850		1,043		870
	$	14,868	$	13,868	$	12,246

Income Tax Expense / (Benefit)

Income Tax Expense/(Benefit)
Current
Federal	$	3,146		$	4,182		$	2,932
State	154			333			206
Foreign (1)	533			525			600
	3,833			5,040			3,738
Deferred
Federal	1,172			82			409
State	100			(52		)	81
Foreign	(27		)	(54		)	14
	1,245			(24		)	504
	$	5,078		$	5,016		$	4,242

⁽¹⁾ Includes foreign withholding taxes

Deferred Tax Assets and Liabilities

	October 1, 2016			October 3, 2015
Components of Deferred Tax Assets and Liabilities
Deferred tax assets
Accrued liabilities	$	(2,385	)	$	(2,244	)
Net operating losses and tax credit carryforwards	(1,567		)	(1,396		)
Other	(917		)	(945		)
Total deferred tax assets	(4,869		)	(4,585		)
Deferred tax liabilities
Depreciable, amortizable and other property	5,682			5,260
Foreign subsidiaries	348			583
Licensing revenues	480			396
Other	295			297
Total deferred tax liabilities	6,805			6,536
Net deferred tax liability before valuation allowance	1,936			1,951
Valuation allowance	1,602			1,288
Net deferred tax liability	$	3,538		$	3,239

Reconciliation of Effective Income Tax Rate to Federal Rate

A reconciliation of the effective income tax rate to the federal rate is as follows:

	2016		2015		2014
Federal income tax rate	35.0	%	35.0	%	35.0	%
State taxes, net of federal benefit	1.8		1.9		2.0
Domestic production activity deduction	(1.6	)	(1.9	)	(2.1	)
Earnings in jurisdictions taxed at rates different from the statutory U.S. federal rate	(1.1	)	(1.5	)	(0.7	)
Disneyland Paris recapitalization	—		2.9		—
Other, including tax reserves and related interest	0.1		(0.2	)	0.4
	34.2	%	36.2	%	34.6	%

Reconciliation of Beginning and Ending Amount of Gross Unrecognized Tax Benefits, Excluding Related Accrual for Interest

A reconciliation of the beginning and ending amount of gross unrecognized tax benefits, excluding the related accrual for interest, is as follows:

	2016			2015			2014
Balance at the beginning of the year	$	912		$	803		$	1,120
Increases for current year tax positions	71			98			51
Increases for prior year tax positions	142			280			133
Decreases in prior year tax positions	(158		)	(193		)	(487		)
Settlements with taxing authorities	(123		)	(76		)	(14		)
Balance at the end of the year	$	844		$	912		$	803