Reporting Segments

9 Months Ended

Jun. 30, 2011

Reporting Segments Disclosure [Abstract]

Reporting Segments

NOTE 12. REPORTING SEGMENTS

The following tables set forth the Company's financial performance by reporting segment. The Company's reporting segments have been determined in accordance with the Company's internal management structure. The Company manages its operations through two reporting segments: (i) Media Networks and (ii) Filmed Entertainment. Typical intersegment transactions include the purchase of advertising by the FilmedEntertainment segment on Media Networks' properties and the purchase of Filmed Entertainment's feature films exhibition rights by Media Networks. The elimination of such intercompany transactions in the Consolidated Financial Statements is included within eliminations in the table below.

The Company's measure of segment performance is adjusted operating income (loss). Adjusted operating income (loss) is defined as operating income (loss), less equity-based compensation and certain other items identified as affecting comparability, including restructuring charges and asset impairment, when applicable.

	Quarter Ended				Nine Months Ended
Revenues by Segment	June 30,				June 30,
(in millions)	2011		2010		2011		2010
Media Networks	$	2,391	$	2,065	$	6,853	$	6,203
Filmed Entertainment		1,407		1,245		4,130		3,922
Eliminations		(32)		(35)		(122)		(99)
Total revenues	$	3,766	$	3,275	$	10,861	$	10,026

	Quarter Ended				Nine Months Ended
Adjusted Operating Income	June 30,				June 30,
(in millions)	2011		2010		2011		2010
Media Networks	$	1,033	$	811	$	2,890	$	2,508
Filmed Entertainment		49		69		156		288
Corporate expenses		(58)		(45)		(160)		(148)
Equity-based compensation		(30)		(20)		(93)		(77)
Eliminations		1		1		2		-
Restructuring		(14)		-		(14)		-
Asset impairment		-		-		-		(60)
Operating income		981		816		2,781		2,511
Interest expense, net		(104)		(104)		(310)		(322)
Equity in net earnings (losses) of investee companies		12		(24)		51		(72)
Loss on extinguishment of debt		-		-		(87)		-
Other items, net		10		(3)		3		(3)
Earnings from continuing operations before provision for income taxes	$	899	$	685	$	2,438	$	2,114

Total Assets	June 30,		September 30,
(in millions)	2011		2010
Media Networks	$	16,251	$	15,911
Filmed Entertainment		5,596		5,343
Corporate/Eliminations		463		842
Total assets	$	22,310	$	22,096

	Quarter Ended				Nine Months Ended
Revenues by Component	June 30,				June 30,
(in millions)	2011		2010		2011		2010
Advertising	$	1,275	$	1,122	$	3,744	$	3,384
Feature film		1,335		1,199		3,810		3,705
Affiliate fees		971		815		2,636		2,339
Ancillary		217		174		793		697
Eliminations		(32)		(35)		(122)		(99)
Total revenues by component	$	3,766	$	3,275	$	10,861	$	10,026