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Reconciliation of Segment Operating Income to Income before Income Taxes (Details) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Jul. 02, 2022
Jul. 03, 2021
Jul. 02, 2022
Jul. 03, 2021
Reconciling Items for Operating Income (Loss) from Segment to Consolidated        
Segment operating income $ 3,567 $ 2,382 $ 10,524 $ 6,179
Content License Early Termination 0 0 (1,023) [1] 0
Corporate and unallocated shared expenses (325) (212) (825) (645)
Restructuring and impairment charges (42) (35) (237) (562)
Other income (expense), net [2] (136) (91) (730) 214
Interest expense, net (360) (445) (1,026) (1,089)
Amortization of Intangible Assets [3] (585) (604) (1,774) (1,826)
Income from continuing operations before income taxes $ 2,119 $ 995 $ 4,909 $ 2,271
[1] During the nine months ended July 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 license agreements, net of remaining amounts of deferred revenue, as a reduction of revenue in the current nine-month period.
[2] See Note 4 for a discussion of amounts in other income (expense), net.
[3] For the quarter ended July 2, 2022 amortization of intangible assets, step-up of film and television costs and intangibles related to TFCF equity investees were $422 million, $160 million and $3 million, respectively. For the nine months ended July 2, 2022 amortization of intangible assets, step-up of film and television costs and intangibles related to TFCF equity investees were $1,292 million, $473 million and $9 million, respectively. For the quarter ended July 3, 2021 amortization of intangible assets, step-up of film and television costs and intangibles related to TFCF equity investees were $434 million, $166 million, and $4 million, respectively. For the nine months ended July 3, 2021 amortization of intangible assets, step-up of film and television costs and intangibles related to TFCF equity investees were $1,328 million, $487 million and $11 million, respectively.