Other Income (Expense), Net

9 Months Ended

Jul. 03, 2021

Other Income and Expenses [Abstract]

Other Income and Other Expense Disclosure [Text Block]

Other Income (Expense), net

Other income (expense), net is as follows:

	Quarter Ended				Nine Months Ended
	July 3, 2021		June 27, 2020		July 3, 2021		June 27, 2020
DraftKings gain (loss)	$	(217)	$	382	$	(98)	$	382
fuboTV gain	—		—		186		—
German FTA gain	126		—		126		—
Other income (expense), net	$	(91)	$	382	$	214	$	382

For the quarter and nine-month period ended July 3, 2021, the Company recognized a non-cash loss of $217 million and $98 million, respectively, from the adjustment of its investment in DraftKings, Inc. (DraftKings) to fair value (DraftKings gain (loss)). For the prior-year quarter and nine-month period ended June 27, 2020, the Company recognized a $382 million DraftKings gain.

For the nine-month period ended July 3, 2021, the Company recognized a $186 million gain from the sale of our investment in fuboTV Inc. (fuboTV gain).

For the quarter and nine-month period ended July 3, 2021, the Company recognized a $126 million gain on the sale of its 50% interest in a German free-to-air (FTA) television network (German FTA gain).