Produced and Acquired/Licensed Content Costs and Advances

12 Months Ended

Sep. 30, 2023

Other Industries [Abstract]

Produced and Acquired/Licensed Content Costs and Advances Disclosure

Produced and Acquired/Licensed Content Costs and Advances

Total capitalized produced and licensed content by predominant monetization strategy is as follows:

	As of September 30, 2023						As of October 1, 2022
	Predominantly Monetized Individually		Predominantly Monetized as a Group		Total		Predominantly Monetized Individually		Predominantly Monetized as a Group		Total
Produced content
Released, less amortization	$	4,968	$	13,555	$	18,523	$	4,639	$	12,688	$	17,327
Completed, not released	70		1,786		1,856		214		2,019		2,233
In-process	3,331		6,120		9,451		5,041		6,793		11,834
In development or pre-production	279		133		412		372		254		626
	$	8,648	$	21,594	30,242		$	10,266	$	21,754	32,020
Licensed content - Television Programming rights and advances					6,351						5,647
Total produced and licensed content					$	36,593					$	37,667
Current portion					$	3,002					$	1,890
Non-current portion					$	33,591					$	35,777

Amortization of produced and licensed content is as follows:

	2023		2022		2021
Produced content
Predominantly monetized individually	$	3,999	$	3,448	$	2,947
Predominantly monetized as a group	7,862		6,776		5,228
	11,861		10,224		8,175
Licensed programming rights and advances	13,405		13,432		12,784
Total produced and licensed content costs(1)	$	25,266	$	23,656	$	20,959

(1)Primarily included in “Costs of services” in the Consolidated Statements of Income. Fiscal 2023 amounts exclude impairment charges of $2.0 billion for produced content and $257 million for licensed programming rights recorded in “Restructuring and impairment charges” in the Consolidated Statements of Income (see Note 18).

Total expected amortization by fiscal year of completed (released and not released) produced, licensed and acquired film and television library content on the balance sheet as of September 30, 2023 is as follows:

	Predominantly Monetized Individually		Predominantly Monetized as a Group		Total
Produced content
Released
2024	$	1,069	$	3,257	$	4,326
2025	600		2,055		2,655
2026	506		1,632		2,138
Completed, not released
2024	36		794		830
Licensed content - Programming rights and advances
2024					$	4,202
2025					785
2026					495

Approximately $2.4 billion of accrued participations and residual liabilities will be paid in fiscal 2024.

At September 30, 2023, acquired film and television library content has remaining unamortized costs of $3.1 billion, which are generally being amortized straight-line over a weighted-average remaining period of approximately 15 years.

Content Production Incentives

Programming and production costs were reduced by $0.8 billion for fiscal 2023 related to the amortization of production tax incentives. We have production tax credit receivables of $1.6 billion as of September 30, 2023, which, based on the expected timing of collection, are reflected in “Receivables, net” or “Other Assets” in our Consolidated Balance Sheet.