Other Income (Expense), Net

6 Months Ended

Apr. 02, 2022

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				Six Months Ended
	April 2, 2022		April 3, 2021		April 2, 2022		April 3, 2021
DraftKings gain (loss)	$	(158)	$	305	$	(590)	$	119
fuboTV gain	—		—		—		186
Other, net	—		—		(4)		—
Other income (expense), net	$	(158)	$	305	$	(594)	$	305

For the quarter and six months ended April 2, 2022, the Company recognized a non-cash loss of $158 million and $590 million, respectively, from the adjustment of its investment in DraftKings Inc. (DraftKings) to fair value (DraftKings gain (loss)). For the prior-year quarter and six months ended April 3, 2021, the Company recognized a DraftKings gain of $305 million and $119 million, respectively.

For the six months ended April 3, 2021, the Company recognized a non-cash gain of $186 million from the adjustment of its investment in fuboTV Inc. to fair value (fuboTV gain)