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Condensed Consolidating Financial Information (Tables)
 3 Months Ended
Dec. 28, 2019
Condensed Financial Information Disclosure [Abstract]  
Condensed Consolidating Statements of Income
SUPPLEMENTAL CONDENSED CONSOLIDATING STATEMENT OF INCOME
For the Quarter Ended December 28, 2019
(unaudited; in millions)
TWDCLegacy DisneyNon-Guarantor SubsidiariesReclassifications & EliminationsTotal
Revenues$—  $—  $20,780  $78  $20,858  
Costs and expenses
Operating expenses—  —  (13,016) —  (13,016) 
Selling, general, administrative and other—  (126) (3,577) —  (3,703) 
Depreciation and amortization—  —  (1,298) —  (1,298) 
Total costs and expenses—  (126) (17,891) —  (18,017) 
Restructuring and impairment charges—  —  (150) —  (150) 
Allocations to non-guarantor subsidiaries(2) 118  (116) —  —  
Other income (expense), net(1) (2) 81  (78) —  
Interest income (expense), net(313) (104) 134  —  (283) 
Equity in the income (loss) of investees, net—  —  224  —  224  
Income from continuing operations before income taxes
(316) (114) 3,062  —  2,632  
Income taxes from continuing operations55  20  (534) —  (459) 
Earnings from subsidiary entities2,394  2,488  —  (4,882) —  
Net income from continuing operations2,133  2,394  2,528  (4,882) 2,173  
Income (loss) from discontinued operations
(26) (26) (26) 52  (26) 
Net income2,107  2,368  2,502  (4,830) 2,147  
Less: Net income from continuing operations attributable to noncontrolling interests
—  —  (40) —  (40) 
Net income excluding noncontrolling interests
$2,107  $2,368  $2,462  $(4,830) $2,107  
Comprehensive income excluding noncontrolling interests
$2,191  $2,556  $2,549  $(5,105) $2,191  
SUPPLEMENTAL CONDENSED CONSOLIDATING STATEMENT OF INCOME
For the Quarter Ended December 29, 2018
(unaudited; in millions)
TWDCLegacy DisneyNon-Guarantor SubsidiariesReclassifications & EliminationsTotal
Revenues$—  $—  $15,248  $55  $15,303  
Costs and expenses
Operating expenses—  —  (9,001) —  (9,001) 
Selling, general, administrative and other—  (141) (2,011) —  (2,152) 
Depreciation and amortization—  —  (732) —  (732) 
Total costs and expenses—  (141) (11,744) —  (11,885) 
Allocations to non-guarantor subsidiaries—  127  (127) —  —  
Other income (expense), net—  76  (21) (55) —  
Interest income (expense), net(65) (125) 127  —  (63) 
Equity in the income (loss) of investees, net—  —  76  —  76  
Income before taxes(65) (63) 3,559  —  3,431  
Income taxes12  12  (669) —  (645) 
Earnings from subsidiary entities—  2,839  —  (2,839) —  
Net income(53) 2,788  2,890  (2,839) 2,786  
Less: Net income attributable to noncontrolling interests
—  —  2  —  2  
Net income excluding noncontrolling interests$(53) $2,788  $2,892  $(2,839) $2,788  
Comprehensive income excluding noncontrolling interests$(53) $2,809  $2,853  $(2,800) $2,809  
Condensed Consolidating Balance Sheets
CONDENSED CONSOLIDATING BALANCE SHEET
As of December 28, 2019
(unaudited; in millions)
TWDCLegacy DisneyNon-Guarantor SubsidiariesReclassifications & EliminationsTotal
ASSETS
Current assets
Cash and cash equivalents$978  $—  $5,855  $—  $6,833  
Receivables, net303  —  16,797  —  17,100  
Inventories—  4  1,567  —  1,571  
Licensed content costs and advances—  —  1,334  —  1,334  
Other current assets30  1  907  —  938  
Total current assets1,311  5  26,460  —  27,776  
Produced and licensed content costs—  —  26,539  —  26,539  
Investments in subsidiaries
128,748  283,789  —  (412,537) —  
Other investments—  —  3,312  —  3,312  
Parks, resorts and other property, net—  8  31,887  —  31,895  
Intangible assets, net—  —  22,669  —  22,669  
Goodwill—  —  80,314  —  80,314  
Intercompany receivables—  —  143,037  (143,037) —  
Other assets225  1,003  8,341  (1,126) 8,443  
Total assets$130,284  $284,805  $342,559  $(556,700) $200,948  
LIABILITIES AND EQUITY
Current liabilities
Accounts payable and other accrued liabilities$1,898  $197  $17,660  $—  $19,755  
Current portion of borrowings6,915  3,007  96  —  10,018  
Deferred revenues and other77  9  4,938  —  5,024  
Total current liabilities8,890  3,213  22,694  —  34,797  
Non-current liabilities
Borrowings23,060  13,044  1,953  —  38,057  
Deferred income taxes—  —  9,490  (1,126) 8,364  
Other long-term liabilities711  4,629  10,588  —  15,928  
Intercompany payables7,866  135,171  —  (143,037) —  
Total non-current liabilities31,637  152,844  22,031  (144,163) 62,349  
Redeemable noncontrolling interests—  —  9,029  —  9,029  
Total Disney Shareholders’ equity89,757  128,748  283,789  (412,537) 89,757  
Noncontrolling interests—  —  5,016  —  5,016  
Total equity89,757  128,748  288,805  (412,537) 94,773  
Total liabilities and equity$130,284  $284,805  $342,559  $(556,700) $200,948  
CONDENSED CONSOLIDATING BALANCE SHEET
As of September 28, 2019
(unaudited; in millions)
TWDCLegacy DisneyNon-Guarantor SubsidiariesReclassifications & EliminationsTotal
ASSETS
Current assets
Cash and cash equivalents$554  $—  $4,864  $—  $5,418  
Receivables, net499  1  14,981  —  15,481  
Inventories—  4  1,645  —  1,649  
Licensed content costs and advances—  —  4,597  —  4,597  
Other current assets83  4  898  (6) 979  
Total current assets1,136  9  26,985  (6) 28,124  
Produced and licensed content costs—  —  22,810  —  22,810  
Investments in subsidiaries125,999  281,041  —  (407,040) —  
Other investments—  —  3,224  —  3,224  
Parks, resorts and other property, net—  8  31,595  —  31,603  
Intangible assets, net—  —  23,215  —  23,215  
Goodwill—  —  80,293  —  80,293  
Intercompany receivables—  —  143,574  (143,574) —  
Other assets314  1,076  4,541  (1,216) 4,715  
Total assets$127,449  $282,134  $336,237  $(551,836) $193,984  
LIABILITIES AND EQUITY
Current liabilities
Accounts payable and other accrued liabilities$371  $279  $17,112  $—  $17,762  
Current portion of borrowings5,721  3,007  129  —  8,857  
Deferred revenues and other—  27  4,701  (6) 4,722  
Total current liabilities6,092  3,313  21,942  (6) 31,341  
Non-current liabilities
Borrowings23,182  13,061  1,886  —  38,129  
Deferred income taxes—  —  9,118  (1,216) 7,902  
Other long-term liabilities859  4,626  8,275  —  13,760  
Intercompany payables8,439  135,135  —  (143,574) —  
Total non-current liabilities32,480  152,822  19,279  (144,790) 59,791  
Redeemable noncontrolling interests—  —  8,963  —  8,963  
Total Disney Shareholders’ equity88,877  125,999  281,041  (407,040) 88,877  
Noncontrolling interests—  —  5,012  —  5,012  
Total equity88,877  125,999  286,053  (407,040) 93,889  
Total liabilities and equity$127,449  $282,134  $336,237  $(551,836) $193,984  
Condensed Consolidating Statements of Cash Flow
CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS
For the Quarter Ended December 28, 2019
(unaudited; in millions)
TWDCLegacy DisneyNon-Guarantor SubsidiariesReclassifications & EliminationsTotal
OPERATING ACTIVITIES
Cash provided by operations$(258) $(30) $1,918  $—  $1,630  
INVESTING ACTIVITIES
Investments in parks, resorts and other property
—  —  (1,338) —  (1,338) 
Other—  —  (12) —  (12) 
Cash used in investing activities—  —  (1,350) —  (1,350) 
FINANCING ACTIVITIES
Commercial paper, net
1,172  —  —  —  1,172  
Borrowings—  —  51  —  51  
Reduction of borrowings—  —  (46) —  (46) 
Proceeds from exercise of stock options126  —  —  —  126  
Intercompany financing, net(441) 30  411  —  —  
Other(175) —  (11) —  (186) 
Cash used in financing activities682  30  405  —  1,117  
Discontinued operations—  —  (19) —  (19) 
Impact of exchange rates on cash, cash equivalents and restricted cash
—  —  41  —  41  
Change in cash, cash equivalents and restricted cash
424  —  995  —  1,419  
Cash, cash equivalents and restricted cash, beginning of year
554  —  4,901  —  5,455  
Cash, cash equivalents and restricted cash, end of period
$978  $—  $5,896  $—  $6,874  
CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS
For the Quarter Ended December 29, 2018
(unaudited; in millions)
TWDCLegacy DisneyNon-Guarantor SubsidiariesReclassifications & EliminationsTotal
OPERATING ACTIVITIES
Cash provided by operations$(20) $135  $1,984  $—  $2,099  
INVESTING ACTIVITIES
Investments in parks, resorts and other property
—  —  (1,195) —  (1,195) 
Intercompany investing activities, net—  (11) —  11  —  
Other—  —  (141) —  (141) 
Cash used in investing activities—  (11) (1,336) 11  (1,336) 
FINANCING ACTIVITIES
Commercial paper, net
—  (302) —  —  (302) 
Proceeds from exercise of stock options—  37  —  —  37  
Intercompany financing, net20  75  (84) (11) —  
Other—  (125) (21) —  (146) 
Cash used in financing activities20  (315) (105) (11) (411) 
Impact of exchange rates on cash, cash equivalents and restricted cash
—  —  (44) —  (44) 
Change in cash, cash equivalents and restricted cash
—  (191) 499  —  308  
Cash, cash equivalents and restricted cash, beginning of year
—  1,367  2,788  —  4,155  
Cash, cash equivalents and restricted cash, end of period
$—  $1,176  $3,287  $—  $4,463