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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Apr. 03, 2021
Mar. 28, 2020
Apr. 03, 2021
Mar. 28, 2020
Revenues $ 15,613 $ 18,025 $ 31,862 $ 38,902
Selling, general, administrative and other (3,113) (3,393) (6,030) (7,102)
Depreciation and amortization (1,272) (1,334) (2,570) (2,633)
Total costs and expenses (14,167) (16,664) (30,157) (34,706)
Restructuring and impairment charges (414) (145) (527) (295)
Other income, net 305 [1] 0 305 [1] 0
Interest expense, net (320) (300) (644) (583)
Equity in the income of investees 213 135 437 359
Income from continuing operations before income taxes 1,230 1,051 1,276 3,677
Income taxes on continuing operations (108) (523) (124) (981)
Net Income from Continuing Operations 1,122 528 1,152 2,696
Loss from discontinued operations, net of income tax benefit of $3, $3, $7 and $10, respectively) (11) (8) (23) (29)
Net Income 1,111 520 1,129 2,667
Net Income from Continuing Operations Attributable to Noncontrolling Interests (210) (60) (211) (100)
Net income attributable to The Walt Disney Company (Disney) $ 901 $ 460 $ 918 $ 2,567
Earnings per share attributable to Disney:        
Continuing Operations, Per Diluted Share $ 0.50 $ 0.26 $ 0.52 $ 1.43
Discontinued Operations, Per Diluted Share (0.01) 0 (0.01) (0.02)
Diluted [2] 0.49 0.25 0.50 1.41
Continuing Operations, Per Basic Share 0.50 0.26 0.52 1.44
Discontinued Operation, Per Basic Share (0.01) 0 (0.01) (0.02)
Basic [2] $ 0.50 $ 0.25 $ 0.51 $ 1.42
Weighted average number of common and common equivalent shares outstanding:        
Diluted (shares) 1,829 1,816 1,826 1,816
Basic (shares) 1,817 1,808 1,814 1,806
Service        
Revenues $ 14,522 $ 16,190 $ 29,393 $ 34,284
Cost of Goods and Services Sold (8,932) (10,683) (19,670) (22,078)
Product        
Revenues 1,091 1,835 2,469 4,618
Cost of Goods and Services Sold $ (850) $ (1,254) $ (1,887) $ (2,893)
[1] For the quarter ended April 3, 2021, other income reflected a $305 million gain from an adjustment of our investment in DraftKings, Inc. to fair value (DraftKings Gain). For the six months ended April 3, 2021, other income reflected a $186 million gain from an adjustment of our investment in fuboTV Inc. to fair value, which was sold in January 2021 (fuboTV Gain), and a $119 million DraftKings Gain.
[2] Total may not equal the sum of the column due to rounding.