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Description of the Business and Segment Information (Tables)
 12 Months Ended
Oct. 03, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Financial Information by Operating Segments
The following tables provide select segment and regional financial information:
202020192018
Revenues
Media Networks$28,393  $24,827  $21,922  
Parks, Experiences and Products
Third parties17,038  26,786  25,257  
Intersegment(536) (561) (556) 
16,502  26,225  24,701  
Studio Entertainment
Third parties9,100  10,566  9,509  
Intersegment536  561  556  
9,636  11,127  10,065  
Direct-to-Consumer & International16,967  9,386  3,414  
Eliminations(1)
(6,110) (1,958) (668) 
Total consolidated revenues$65,388  $69,607  $59,434  
Segment operating income (loss)
Media Networks$9,022  $7,479  $7,338  
Parks, Experiences and Products(81) 6,758  6,095  
Studio Entertainment2,501  2,686  3,004  
Direct-to-Consumer & International(2,806) (1,835) (738) 
Eliminations(1)
(528) (241) (10) 
Total segment operating income(2)
$8,108  $14,847  $15,689  
Reconciliation of segment operating income to income from continuing operations before income taxes
Segment operating income$8,108  $14,847  $15,689  
Corporate and unallocated shared expenses(817) (987) (744) 
Restructuring and impairment charges(5,735) (1,183) (33) 
Other income, net1,038  4,357  601  
Interest expense, net(1,491) (978) (574) 
Amortization of TFCF and Hulu intangible assets and fair value step-up on film and television costs(3)
(2,846) (1,595) —  
Impairment of equity investments(4)
—  (538) (210) 
Income (loss) from continuing operations before income taxes$(1,743) $13,923  $14,729  
Capital expenditures
Media Networks
Cable Networks$61  $93  $96  
Broadcasting51  81  107  
Parks, Experiences and Products
Domestic2,145  3,294  3,223  
International759  852  677  
Studio Entertainment77  88  96  
Direct-to-Consumer & International594  258  107  
Corporate335  210  159  
Total capital expenditures$4,022  $4,876  $4,465  
202020192018
Depreciation expense
Media Networks$203  $191  $199  
Parks, Experiences and Products
Domestic1,634  1,474  1,449  
International694724768
Studio Entertainment877455
Direct-to-Consumer & International348  214  106  
Depreciation expense included in segment operating income
2,966  2,677  2,577  
Corporate174  167  181  
Total depreciation expense$3,140  $2,844  $2,758  
Amortization of intangible assets
Media Networks$4  $—  $—  
Parks, Experiences and Products109  108  110  
Studio Entertainment59  61  64  
Direct-to-Consumer & International112  111  79  
Amortization of intangible assets included in segment operating income
284  280  253  
TFCF and Hulu intangible assets1,921  1,043  —  
Total amortization of intangible assets$2,205  $1,323  $253  
October 3, 2020September 28, 2019
Identifiable assets(5)
Media Networks$62,220  $63,519  
Parks, Experiences and Products42,320  41,978  
Studio Entertainment32,811  34,323  
Direct-to-Consumer & International45,538  48,606  
Corporate(6)
19,691  6,025  
Eliminations(1,031) (467) 
Total consolidated assets$201,549  193,984  
202020192018
Revenues
Americas$51,992  $53,805  $46,877  
Europe7,333  8,006  7,026  
Asia Pacific6,063  7,796  5,531  
$65,388  $69,607  $59,434  
Segment operating income
Americas$5,819  $10,247  $11,898  
Europe1,273  2,433  1,922  
Asia Pacific1,016  2,167  1,869  
$8,108  $14,847  $15,689  
October 3, 2020September 28, 2019
Long-lived assets(7)
Americas$141,674  $138,674  
Europe7,672  10,793  
Asia Pacific12,235  12,703  
$161,581  $162,170  
(1)Intersegment content transactions are as follows:
202020192018
Revenues:
Studio Entertainment:
Content transactions with Media Networks$(188) $(106) $(169) 
Content transactions with Direct-to-Consumer & International
(2,108) (272) (28) 
Media Networks:
Content transactions with Direct-to-Consumer & International
(3,814) (1,580) (471) 
Total$(6,110) $(1,958) $(668) 
Operating Income:
Studio Entertainment:
Content transactions with Media Networks$3  $(19) $(8) 
Content transactions with Direct-to-Consumer & International
(158) (80) —  
Media Networks:
Content transactions with Direct-to-Consumer & International
(373) (142) (2) 
Total$(528) $(241) $(10) 
(2)Equity in the income (loss) of investees is as follows:
202020192018
Media Networks$737  $703  $711  
Parks, Experiences and Products
(19) (13) (23) 
Studio Entertainment(1) —  —  
Direct-to-Consumer & International(40) (240) (580) 
Equity in the income of investees included in segment operating income
677  450  108  
Impairment of equity investments
—  (538) (210) 
Amortization of TFCF intangible assets related to equity investees
(26) (15) —  
Equity in the income (loss) of investees$651  $(103) $(102) 
(3)For fiscal 2020, amortization of intangible assets, fair value step-up on film and television costs and intangibles related to TFCF equity investees were $1,921 million, $899 million and $26 million respectively. For fiscal 2019, amortization of intangible assets, fair value step-up on film and television costs and intangibles related to TFCF equity investees were $1,043 million, $537 million and $15 million, respectively.
(4)Impairment of equity investments for fiscal 2019 primarily reflects the impairments of Vice Group Holding Inc. and of an investment in a cable channel at A+E Television Networks ($353 million and $170 million, respectively). Impairment of equity investments for fiscal 2018 reflects impairments of Vice Group Holding Inc. and Villages Nature ($157 million and $53 million, respectively).
(5)Equity method investments included in identifiable assets by segment are as follows:
October 3, 2020September 28, 2019
Media Networks$2,002  $2,018  
Parks, Experiences and Products3  3  
Studio Entertainment2  8  
Direct-to-Consumer & International570  821  
Corporate55  72  
$2,632  $2,922  
Intangible assets included in identifiable assets by segment are as follows:
October 3, 2020September 28, 2019
Media Networks$7,242  $7,861  
Parks, Experiences and Products3,066  3,177  
Studio Entertainment2,031  2,140  
Direct-to-Consumer & International6,814  9,962  
Corporate20  75  
$19,173  $23,215  
(6)Primarily fixed assets and cash and cash equivalents.
(7)Long-lived assets are total assets less: current assets, long-term receivables, deferred taxes, financial investments and the fair value of derivative instruments.