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Description of the Business and Segment Information (Tables)
 12 Months Ended
Oct. 01, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Financial Information by Operating Segments
Segment revenues and segment operating income are as follows:
202220212020
Revenues
Disney Media and Entertainment Distribution$55,040  $50,866  $48,350  
Disney Parks, Experiences and Products28,705  16,552  17,038  
Total segment revenues$83,745  $67,418  $65,388  
Segment operating income
Disney Media and Entertainment Distribution$4,216  $7,295  $7,653  
Disney Parks, Experiences and Products7,905  471  455  
Total segment operating income(1)
$12,121  $7,766  $8,108  
(1)Equity in the income of investees is included in segment operating income as follows:
202220212020
Disney Media and Entertainment Distribution$838  $795  $696  
Disney Parks, Experiences and Products(10) (19) (19) 
Equity in the income of investees included in segment operating income828  776  677  
Amortization of TFCF intangible assets related to equity investees
(12) (15) (26) 
Equity in the income of investees$816  $761  $651  
Reconciliation of Revenue from Segments to Consolidated
A reconciliation of segment revenues to total revenues is as follows:
 202220212020
Segment revenues$83,745 $67,418   $65,388 
Content License Early Termination(1)
(1,023)  — —   
Total revenues$82,722 $67,418 $65,388 
(1)In fiscal 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 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 year.
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:
202220212020
Segment operating income$12,121  $7,766  $8,108  
Content License Early Termination(1,023)— — 
Corporate and unallocated shared expenses(1,159) (928) (817) 
Restructuring and impairment charges(237) (654) (5,735) 
Other income, net(667) 201  1,038  
Interest expense, net(1,397) (1,406) (1,491) 
TFCF and Hulu acquisition amortization(1)
(2,353) (2,418) (2,846) 
Income (loss) from continuing operations before income taxes$5,285  $2,561  $(1,743) 
(1)For fiscal 2022, amortization of intangible assets, fair value step-up on film and television costs and intangibles related to TFCF equity investees were $1,707 million, $634 million and $12 million, respectively. 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.
Capital Expenditures, Depreciation and Amortization by Segment
Capital expenditures, depreciation expense and amortization expense are as follows:
Capital expenditures202220212020
Disney Media and Entertainment Distribution$810  $862  $783  
Disney Parks, Experiences and Products
Domestic2,680  1,597  2,145  
International767  675  759  
Corporate686  444  335  
Total capital expenditures$4,943  $3,578  $4,022  
Depreciation expense
Disney Media and Entertainment Distribution$650  $613  $638  
Disney Parks, Experiences and Products
Domestic1,680  1,551  1,634  
International662  718  694  
Amounts included in segment operating income2,342  2,269  2,328  
Corporate191  186  174  
Total depreciation expense$3,183  $3,068  $3,140  
Amortization of intangible assets
Disney Media and Entertainment Distribution$164  $178  $175  
Disney Parks, Experiences and Products109  108  109  
Amounts included in segment operating income273  286  284  
TFCF and Hulu1,707  1,757  1,921  
Total amortization of intangible assets$1,980  $2,043  $2,205  
Indentifiable Assets by Segment
Identifiable assets, including equity method investments and intangible assets,(1) are as follows:
October 1, 2022October 2, 2021
Disney Media and Entertainment Distribution$148,129  $144,675  
Disney Parks, Experiences and Products43,027  41,763  
Corporate (primarily fixed asset and cash and cash equivalents)12,475  17,171  
Total consolidated assets$203,631  203,609  
(1)Equity method investments included in identifiable assets by segment are as follows:
October 1, 2022October 2, 2021
Disney Media and Entertainment Distribution$2,633  $2,578  
Disney Parks, Experiences and Products2  2  
Corporate43  58  
$2,678  $2,638  
Intangible assets, which include character/franchise intangibles, copyrights, trademarks, MVPD agreements and FCC licenses (see Note 13), included in identifiable assets by segment are as follows:
October 1, 2022October 2, 2021
Disney Media and Entertainment Distribution$11,981  $14,143  
Disney Parks, Experiences and Products2,836  2,952  
Corporate20  20  
$14,837  $17,115  
Schedule of Revenue and Operating Income by Geographic Market
The following table presents our revenues and segment operating income by geographical markets:
202220212020
Revenues
Americas$68,218  $54,157  $51,992  
Europe8,680  6,690  7,333  
Asia Pacific6,847  6,571  6,063  
83,745  $67,418  $65,388  
Content License Early Termination(1,023) 
$82,722  
Segment operating income (loss)
Americas$11,099  $6,314  $5,819  
Europe586  800  1,273  
Asia Pacific436  652  1,016  
$12,121  $7,766  $8,108  
Long-lived Assets by Geographic Markets
Long-lived assets(1) by geographical markets are as follows:
October 1, 2022October 2, 2021
Americas$150,786  $144,788  
Europe8,739  8,215  
Asia Pacific10,976  12,012  
$170,501  $165,015  
(1)Long-lived assets are total assets less: current assets, long-term receivables, deferred taxes, financial investments and the fair value of derivative instruments.
Changes in Carrying Amount of Goodwill The changes in the carrying amount of goodwill are as follows:
DMEDDPEPTotal
Balance at Oct. 3, 2020$72,139  $5,550  $77,689  
Currency translation adjustments and other, net382  —  382  
Balance at Oct. 2, 2021$72,521  $5,550  $78,071  
Currency translation adjustments and other, net(174) —  (174) 
Balance at Oct. 1, 2022$72,347  $5,550  $77,897