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Description of the Business and Segment Information (Tables)
 12 Months Ended
Oct. 02, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Financial Information by Operating Segments
Segment revenues and segment operating income are as follows:
202120202019
Revenues
Disney Media and Entertainment Distribution$50,866  $48,350  $42,821  
Disney Parks, Experiences and Products16,552  17,038  26,786  
Total consolidated revenues$67,418  $65,388  $69,607  
Segment operating income
Disney Media and Entertainment Distribution$7,295  $7,653  $7,528  
Disney Parks, Experiences and Products471  455  7,319  
Total segment operating income(1)
$7,766  $8,108  $14,847  
(1)Equity in the income (loss) of investees is included in segment operating income as follows:
202120202019
Disney Media and Entertainment Distribution$795  $696  $463  
Disney Parks, Experiences and Products(19) (19) (13) 
Equity in the income of investees included in segment operating income776  677  450  
Impairment of equity investments—  —  (538) 
Amortization of TFCF intangible assets related to equity investees
(15) (26) (15) 
Equity in the income (loss) of investees$761  $651  $(103) 
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:
202120202019
Segment operating income$7,766  $8,108  $14,847  
Corporate and unallocated shared expenses(928) (817) (987) 
Restructuring and impairment charges(654) (5,735) (1,183) 
Other income, net201  1,038  4,357  
Interest expense, net(1,406) (1,491) (978) 
TFCF and Hulu acquisition amortization(1)
(2,418) (2,846) (1,595) 
Impairment of equity investments(2)
—  —  (538) 
Income (loss) from continuing operations before income taxes$2,561  $(1,743) $13,923  
(1)For fiscal 2021, amortization of intangible assets, fair value step-up on film and television costs and intangibles related to TFCF equity investees were $1,757 million, $646 million and $15 million, respectively. 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.
(2)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).
Capital Expenditures, Depreciation and Amortization by Segment
Capital expenditures, depreciation expense and amortization expense are as follows:
Capital expenditures202120202019
Disney Media and Entertainment Distribution$862  $783  $520  
Disney Parks, Experiences and Products
Domestic1,597  2,145  3,294  
International675  759  852  
Corporate444  335  210  
Total capital expenditures$3,578  $4,022  $4,876  
Depreciation expense
Disney Media and Entertainment Distribution$613  $638  $479  
Disney Parks, Experiences and Products
Domestic1,551  1,634  1,474  
International718  694  724  
Amounts included in segment operating income2,269  2,328  2,198  
Corporate186  174  167  
Total depreciation expense$3,068  $3,140  $2,844  
Amortization of intangible assets
Disney Media and Entertainment Distribution$178  $175  $172  
Disney Parks, Experiences and Products108  109  108  
Amounts included in segment operating income286  284  280  
TFCF and Hulu1,757  1,921  1,043  
Total amortization of intangible assets$2,043  $2,205  $1,323  
Indentifiable Assets by Segment
Identifiable assets(1) are as follows:
October 2, 2021October 3, 2020
Disney Media and Entertainment Distribution$144,675  $139,538  
Disney Parks, Experiences and Products41,763  42,320  
Corporate(2)
17,171  19,691  
Total consolidated assets$203,609  201,549  
(1)Equity method investments included in identifiable assets by segment are as follows:
October 2, 2021October 3, 2020
Disney Media and Entertainment Distribution$2,578  $2,574  
Disney Parks, Experiences and Products2  3  
Corporate58  55  
$2,638  $2,632  
Intangible assets, which include character/franchise intangibles, copyrights, trademarks, MVPD agreements and FCC licenses (see Note 14), included in identifiable assets by segment are as follows:
October 2, 2021October 3, 2020
Disney Media and Entertainment Distribution$14,143  $16,087  
Disney Parks, Experiences and Products2,952  3,066  
Corporate20  20  
$17,115  $19,173  
(2)Primarily fixed assets and cash and cash equivalents.
Schedule of Revenue and Operating Income by Geographic Market
The following table presents our revenues and segment operating income by geographical markets:
202120202019
Revenues
Americas$54,157  $51,992  $53,805  
Europe6,690  7,333  8,006  
Asia Pacific6,571  6,063  7,796  
$67,418  $65,388  $69,607  
Segment operating income
Americas$6,314  $5,819  $10,247  
Europe800  1,273  2,433  
Asia Pacific652  1,016  2,167  
$7,766  $8,108  $14,847  
Long-lived Assets by Geographic Markets
Long-lived assets(1) by geographical markets are as follows:
October 2, 2021October 3, 2020
Americas$144,788  $141,674  
Europe8,215  7,672  
Asia Pacific12,012  12,235  
$165,015  $161,581  
(1)Long-lived assets are total assets less: current assets, long-term receivables, deferred taxes, financial investments and the fair value of derivative instruments.