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Reconciliation of Segment Operating Income to Income before Income Taxes (Details) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Apr. 02, 2022
Apr. 03, 2021
Apr. 02, 2022
Apr. 03, 2021
Reconciling Items for Operating Income (Loss) from Segment to Consolidated        
Segment operating income $ 3,699 $ 2,465 $ 6,957 $ 3,797
Content License Early Termination (1,023) [1] 0 (1,023) [1] 0
Corporate and unallocated shared expenses (272) (201) (500) (433)
Restructuring and impairment charges (195) (414) (195) (527)
Other income (expense), net [2] (158) 305 (594) 305
Interest expense, net (355) (320) (666) (644)
Amortization of Intangible Assets [3] (594) (605) (1,189) (1,222)
Income from continuing operations before income taxes $ 1,102 $ 1,230 $ 2,790 $ 1,276
[1] During the quarter and six months ended April 2, 2022, the Company recognized a reduction in revenue for amounts to early terminate certain license agreements with a customer for film and television content, which was delivered in previous years, in order for the Company to use the content primarily on our direct-to-consumer services (Content License Early Termination). Because the content is functional intellectual property (IP), we recognized substantially all of the consideration to be paid by the customer under the licenses as revenue in prior years when the content was made available under the agreements. Consequently, we have recorded the amounts to terminate the licenses agreements, net of remaining amounts of deferred revenue, as a reduction of revenue in the current quarter.
[2] See Note 4 for a discussion of amounts in other income (expense), net
[3] For the quarter ended April 2, 2022 amortization of intangible assets, step-up of film and television costs and intangibles related to TFCF equity investees were $435 million, $156 million and $3 million, respectively. For the six months ended April 2, 2022 amortization of intangible assets, step-up of film and television costs and intangibles related to TFCF equity investees were $870 million, $313 million and $6 million, respectively. For the quarter ended April 3, 2021 amortization of intangible assets, step-up of film and television costs and intangibles related to TFCF equity investees were $447 million, $154 million, and $4 million, respectively. For the six months ended April 3, 2021 amortization of intangible assets, step-up of film and television costs and intangibles related to TFCF equity investees were $894 million, $321 million and $7 million, respectively.