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Segment Information (Tables)
 6 Months Ended
Mar. 30, 2019
Financial Information by Operating Segments Segment revenues and segment operating income are as follows:
 
Quarter Ended
 
Six Months Ended
 
March 30,
2019
 
March 31,
2018
 
March 30,
2019
 
March 31,
2018
Revenues (1):
 
 
 
 
 
 
 
Media Networks
$
5,525


$
5,508


$
11,446


$
11,063

Parks, Experiences and Products
6,169


5,903


12,993


12,430

Studio Entertainment
2,134


2,499


3,958


5,008

Direct-to-Consumer & International
955


831


1,873


1,762

21CF
373

 
—

 
373

 
—

Eliminations(2)
(234
)
 
(193
)
 
(418
)
 
(364
)
 
$
14,922

 
$
14,548

 
$
30,225

 
$
29,899

Segment operating income (1):
 
 
 
 
 
 
 
Media Networks
$
2,185

 
$
2,258

 
$
3,515

 
$
3,501

Parks, Experiences and Products
1,506

 
1,309

 
3,658

 
3,263

Studio Entertainment
534

 
874

 
843

 
1,699

Direct-to-Consumer & International
(393
)
 
(188
)
 
(529
)
 
(230
)
21CF
25

 
—

 
25

 
—

Eliminations(2)
(41
)
 
(16
)
 
(41
)
 
(10
)
 
$
3,816

 
$
4,237

 
$
7,471

 
$
8,223

(1) 
Studio Entertainment revenues and operating income include an allocation of Parks, Experiences and Products revenues, which is meant to reflect royalties on sales of merchandise based on film properties. The increase to Studio Entertainment revenues and operating income and corresponding decrease to Parks, Experiences and Products revenues and operating income was $126 million and $136 million for the quarters ended March 30, 2019 and March 31, 2018, respectively, and $280 million and $307 million for the six months ended March 30, 2019 and March 31, 2018, respectively.
(2) 
Intersegment content transactions are as follows:
 
Quarter Ended
 
Six Months Ended
(in millions)
March 30,
2019
 
March 31,
2018
 
March 30,
2019
 
March 31,
2018
Revenues:
 
 
 
 
 
 
 
Studio Entertainment:
 
 
 
 
 
 
 
Content transactions with Media Networks
$
(13
)
 
$
(64
)
 
$
(34
)
 
$
(95
)
Content transactions with Direct-to-Consumer & International
(82
)
 
(8
)
 
(100
)
 
(16
)
Media Networks:
 
 
 
 
 
 
 
Content transactions with Direct-to-Consumer & International
(139
)
 
(121
)
 
(284
)
 
(253
)
 
$
(234
)
 
$
(193
)
 
$
(418
)
 
$
(364
)
 
 
 
 
 
 
 
 
Operating income:
 
 
 
 
 
 
 
Studio Entertainment:
 
 
 
 
 
 
 
Content transactions with Media Networks
$
5

 
$
(16
)
 
$
5

 
$
(9
)
Content transactions with Direct-to-Consumer & International
(46
)
 
—

 
(44
)
 
—

Media Networks:
 
 
 
 
 
 
 
Content transactions with Direct-to-Consumer & International
—

 
—

 
(2
)
 
(1
)
Total
$
(41
)
 
$
(16
)
 
$
(41
)
 
$
(10
)
Equity In Income of Investees By Segment Equity in the income/(loss) of investees is included in segment operating income as follows: 
 
Quarter Ended
 
Six Months Ended
 
March 30,
2019
 
March 31,
2018
 
March 30,
2019
 
March 31,
2018
Media Networks
$
182

 
$
182

 
$
361

 
$
341

Parks, Experiences and Products
—

 
(7
)
 
(12
)
 
(14
)
Direct-to-Consumer & International
(141
)
 
(169
)
 
(232
)
 
(278
)
Equity in the income of investees included in segment operating income
41

 
6

 
117

 
49

Vice Impairment
(353
)
 
—

 
(353
)
 
—

Equity in the income / (loss) of investees, net
$
(312
)
 
$
6

 
$
(236
)
 
$
49
Reconciliation of Segment Operating Income to Income before Income Taxes A reconciliation of segment operating income to income from continuing operations before income taxes is as follows:
 
Quarter Ended
 
Six Months Ended
 
March 30,
2019
 
March 31,
2018
 
March 30,
2019
 
March 31,
2018
Segment operating income
$
3,816

 
$
4,237

 
$
7,471

 
$
8,223

Corporate and unallocated shared expenses
(279
)
 
(194
)
 
(440
)
 
(344
)
Restructuring and impairment charges
(662
)
 
(13
)
 
(662
)
 
(28
)
Other income
4,963

 
41

 
4,963

 
94

Interest expense, net
(143
)
 
(143
)
 
(206
)
 
(272
)
Amortization of 21CF and Hulu intangible assets and fair value step-up on film and television costs
(105
)
 
—

 
(105
)
 
—

Impairment of equity investment
(353
)
 
—

 
(353
)
 
—

Income from continuing operations before income taxes
$
7,237

 
$
3,928

 
$
10,668

 
$
7,673