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Reporting Segments
 6 Months Ended
Mar. 31, 2012
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 Filmed Entertainment 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 and asset impairment, when applicable.

 

             
  Quarter Ended Six Months Ended
Revenues by Segment March 31, March 31,
(in millions) 2012 2011  2012 2011
Media Networks $ 2,190 $ 2,082 $ 4,638 $ 4,462
Filmed Entertainment   1,169   1,226   2,727   2,723
Eliminations   (28)   (41)   (82)   (90)
             
Total revenues $ 3,331 $ 3,267 $ 7,283 $ 7,095
             

             
  Quarter Ended Six Months Ended
Adjusted Operating Income (Loss) March 31, March 31,
(in millions) 2012 2011 2012 2011
Media Networks $ 893 $ 806 $ 2,022 $ 1,857
Filmed Entertainment   115   39   84   107
Corporate expenses   (48)   (53)   (101)   (102)
Equity-based compensation   (28)   (33)   (57)   (63)
Eliminations   -   1   -   1
             
Operating income   932   760   1,948   1,800
Interest expense, net   (103)   (102)   (208)   (206)
Equity in net earnings of investee companies   5   15   15   39
Loss on extinguishment of debt   (21)   (87)   (21)   (87)
Other items, net   (1)   (7)   (5)   (7)
             
Earnings from continuing operations before provision for income taxes $ 812 $ 579 $ 1,729 $ 1,539
             

      
  
Total AssetsMarch 31, September 30,
(in millions)2012 2011
      
Media Networks$ 16,447 $ 16,404
Filmed Entertainment  5,473   5,593
Corporate/Eliminations  507   804
      
Total assets$ 22,427 $ 22,801
      

             
  Quarter Ended Six Months Ended
Revenues by Component March 31, March 31,
(in millions) 2012 2011 2012  2011
Advertising $ 1,073 $ 1,076 $ 2,427 $ 2,469
Feature film   1,058   1,147   2,524   2,475
Affiliate fees   992   851   1,935   1,665
Ancillary   236   234   479   576
Eliminations   (28)   (41)   (82)   (90)
             
Total revenues $ 3,331 $ 3,267 $ 7,283 $ 7,095