Other Income (Expense), Net

9 Months Ended

Jul. 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				Nine Months Ended
	July 2, 2022		July 3, 2021		July 2, 2022		July 3, 2021
DraftKings loss	$	(136)	$	(217)	$	(726)	$	(98)
fuboTV gain	—		—		—		186
German FTA gain	—		126		—		126
Other, net	—		—		(4)		—
Other income (expense), net	$	(136)	$	(91)	$	(730)	$	214

For the quarter and nine months ended July 2, 2022, the Company recognized a non-cash loss of $136 million and $726 million, respectively, from the adjustment of its investment in DraftKings Inc. (DraftKings) to fair value (DraftKings loss). For the prior-year quarter and nine months ended July 3, 2021, the Company recognized a DraftKings loss of $217 million and $98 million, respectively.

For the nine months ended July 3, 2021, the Company recognized a $186 million gain from the sale of our investment in fuboTV Inc. (fuboTV gain).

For the quarter and nine months ended July 3, 2021, the Company recognized a $126 million gain on the sale of its 50% interest in a German free-to-air (FTA) television network (German FTA gain).