XML 40 R26.htm IDEA: XBRL DOCUMENT v3.21.2
Segment Information (Tables)
 9 Months Ended
Jul. 03, 2021
Financial Information by Operating Segments Segment revenues and segment operating income are as follows:
 Quarter EndedNine Months Ended
 July 3,
2021		June 27,
2020		July 3,
2021		June 27,
2020
Revenues:
Disney Media and Entertainment Distribution$12,681 $10,714 $37,782   $36,376   
Disney Parks, Experiences and Products4,341 1,065 11,102 14,305 
$17,022 $11,779 $48,884 $50,681 
Segment operating income (loss):
Disney Media and Entertainment Distribution$2,026 $2,977 $6,348 $6,102 
Disney Parks, Experiences and Products356 (1,878)(169)1,400 
$2,382 $1,099 $6,179 $7,502 
Equity In Income of Investees By Segment Equity in the income of investees is included in segment operating income as follows: 
 Quarter EndedNine Months Ended
 July 3,
2021		June 27,
2020		July 3,
2021		June 27,
2020
Disney Media and Entertainment Distribution$220   $199   $681   $583   
Disney Parks, Experiences and Products(5)(6) (22) (15)
Equity in the income of investees included in segment operating income215 193 659 568 
Amortization of TFCF intangible assets related to equity investees(4)(7)(11)(23)
Equity in the income of investees, net$211 $186 $648 $545 
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 EndedNine Months Ended
 July 3,
2021		June 27,
2020		July 3,
2021		June 27,
2020
Segment operating income$2,382 $1,099   $6,179 $7,502 
Corporate and unallocated shared expenses(212)  (179)(645)(604)
Restructuring and impairment charges
   (see Note 16)
(35)(5,047)(562)  (5,342)  
Other income (expense), net (see Note 4)
(91)382 214 382 
Interest expense, net(445)(412)(1,089)(995)
TFCF and Hulu acquisition amortization(1)
(604)(683)(1,826)(2,106)
Income (loss) from continuing operations before income taxes$995 $(4,840)$2,271 $(1,163)
(1)For the quarter ended July 3, 2021 amortization of intangible assets, step-up of film and television costs and intangibles related to TFCF equity investees were $434 million, $166 million and $4 million, respectively. For the nine months ended July 3, 2021 amortization of intangible assets, step-up of film and television costs and intangibles related to TFCF equity investees were $1,328 million, $487 million and $11 million, respectively. For the quarter ended June 27, 2020 amortization of intangible assets, step-up of film and television costs and intangibles related to TFCF equity investees were $486 million, $190 million, and $7 million, respectively. For the nine months ended June 27, 2020 amortization of intangible assets, step-up of film and television costs and intangibles related to TFCF equity investees were $1,470 million, $613 million and $23 million, respectively.
Schedule of Goodwill
The changes in the carrying amount of goodwill for the nine months ended July 3, 2021 are as follows:
Media
Networks		Disney Parks, Experiences and ProductsStudio
Entertainment		Direct-to-Consumer & InternationalDisney
Media and Entertainment Distribution		Total
Balance at October 3, 2020$33,991 $5,550 $17,795 $20,353 $— $77,689 
Segment recast (1)
(33,991)— (17,795)(20,353)72,139 — 
Currency translation adjustments and other, net— — — — 146 146 
Balance at July 3, 2021$— $5,550 $— $— $72,285 $77,835 
(1)Represents the reallocation of goodwill as a result of the Company recasting its segments.