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Equity
 12 Months Ended
Oct. 02, 2021
Equity [Abstract]  
Equity Equity
The Company paid the following dividends in fiscal 2020 and 2019:
Per ShareTotal PaidPayment TimingRelated to Fiscal Period
$0.88$1.6 billionSecond Quarter of Fiscal 2020Second Half 2019
$0.88$1.6 billionFourth Quarter of Fiscal 2019First Half 2019
$0.88$1.3 billionSecond Quarter of Fiscal 2019Second Half 2018
The Company did not pay a dividend with respect to fiscal year 2020 operations and has not declared or paid a dividend with respect to fiscal 2021 operations.
As a result of the acquisition of TFCF, TWDC became the parent entity of both TFCF and TWDC Enterprises 18 Corp. (formerly known as The Walt Disney Company and referred to herein as Legacy Disney). TWDC issued 307 million shares of common stock to acquire TFCF (see Note 4), and all the outstanding shares of Legacy Disney (other than shares of Legacy Disney held in treasury that were not held on behalf of a third party) were converted on a one-for-one basis into new publicly traded shares of TWDC.
In March 2019, Legacy Disney terminated its share repurchase program, and 1.4 billion treasury shares were canceled, which resulted in a decrease to common stock and retained earnings of $17.6 billion and $49.1 billion, respectively. The cost of treasury shares canceled was allocated to common stock based on the ratio of treasury shares to total shares outstanding, with the excess allocated to retained earnings. At October 2, 2021, TWDC held 19 million treasury shares.
TWDC’s authorized share capital consists of 4.6 billion common shares at $0.01 par value and 100 million preferred shares at $0.01 par value, both of which represent the same authorized capital structure in effect prior to the completion of the TFCF acquisition and as of September 29, 2018. As of September 29, 2018, Legacy Disney had 40 thousand preferred series B shares authorized with $0.01 par value, which were eliminated in fiscal 2019.
The following table summarizes the changes in each component of accumulated other comprehensive income (loss) (AOCI) including our proportional share of equity method investee amounts:
 Market Value
Adjustments
for Hedges		Unrecognized
Pension and 
Postretirement
Medical 
Expense		Foreign
Currency
Translation
and Other		AOCI
AOCI, before tax
Balance at September 29, 2018$201  $(4,323) $(727) $(4,849) 
Unrealized gains (losses) arising during the period
136  (3,457) (359) (3,680) 
Reclassifications of net (gains) losses to net income(185) 278  —  93  
Reclassifications to retained earnings(23)— — (23) 
Balance at September 28, 2019$129  $(7,502) $(1,086) $(8,459) 
Unrealized gains (losses) arising during the period(57) (2,468) (2) (2,527) 
Reclassifications of net (gains) losses to net income(263) 547  —  284  
Balance at October 3, 2020$(191) $(9,423) $(1,088) $(10,702) 
Unrealized gains (losses) arising during the period
70  1,582  41  1,693  
Reclassifications of net (gains) losses to net income
(31) 816  —  785  
Balance at October 2, 2021$(152) $(7,025) $(1,047) $(8,224) 
 Market Value
Adjustments
for Hedges		Unrecognized
Pension and 
Postretirement
Medical 
Expense		Foreign
Currency
Translation
and Other		AOCI
Tax on AOCI
Balance at September 29, 2018$(41) $1,690  $103  $1,752  
Unrealized gains (losses) arising during the period
(31) 797  28  794  
Reclassifications of net (gains) losses to net income43  (64) —  (21) 
Reclassifications to retained earnings(1)
— (667)(16)(683)
Balance at September 28, 2019$(29) $1,756  $115  $1,842  
Unrealized gains (losses) arising during the period
8  572  24  604  
Reclassifications of net (gains) losses to net income
61  (127) —  (66) 
Balance at October 3, 2020$40  $2,201  $139  $2,380  
Unrealized gains (losses) arising during the period
(8) (358) (50) (416) 
Reclassifications of net (gains) losses to net income
10  (190) —  (180) 
Balance at October 2, 2021$42  $1,653  $89  $1,784  
 Market Value
Adjustments
for Hedges		Unrecognized
Pension and 
Postretirement
Medical 
Expense		Foreign
Currency
Translation
and Other		AOCI
AOCI, after tax
Balance at September 29, 2018$160  $(2,633) $(624) $(3,097) 
Unrealized gains (losses) arising during the period
105  (2,660) (331) (2,886) 
Reclassifications of net (gains) losses to net income(142) 214  —  72  
Reclassifications to retained earnings(1)
(23) (667) (16) (706) 
Balance at September 28, 2019$100  $(5,746) $(971) $(6,617) 
Unrealized gains (losses) arising during the period
(49) (1,896) 22  (1,923) 
Reclassifications of net (gains) losses to net income
(202) 420  —  218  
Balance at October 3, 2020$(151) $(7,222) $(949) $(8,322) 
Unrealized gains (losses) arising during the period
62  1,224  (9) 1,277  
Reclassifications of net (gains) losses to net income
(21) 626  —  605  
Balance at October 2, 2021$(110) $(5,372) $(958) $(6,440) 
(1)At the beginning of fiscal 2019, the Company adopted new FASB accounting guidance, Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income, and reclassified $691 million from AOCI to retained earnings. In addition, at the beginning of fiscal 2019, the Company adopted new FASB accounting guidance, Recognition and Measurement of Financial Assets and Liabilities, and reclassified $24 million ($15 million after tax) of market value adjustments on investments previously recorded in AOCI to retained earnings.
Details about AOCI components reclassified to net income are as follows:
Gains (losses) in net income:
Affected line item in the Consolidated Statements of Operations:202120202019
Market value adjustments, primarily cash flow hedges
Primarily revenue$31  $263  $185  
Estimated taxIncome taxes(10) (61) (43) 
21  202  142  
Pension and postretirement medical expense
Interest expense, net(816) (547) (278) 
Estimated taxIncome taxes190  127  64  
(626) (420) (214) 
Total reclassifications for the period
$(605) $(218) $(72)