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Description of the Business and Segment Information (Tables)
 12 Months Ended
Sep. 30, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Financial Information by Operating Segments
Segment revenues and segment operating income are as follows:
202320222021
Revenues
Entertainment
Third parties
$40,258  $39,231  $36,155  
Intersegment
377  338  334  
40,635  39,569  36,489  
Sports
Third parties
16,091  16,429  15,302  
Intersegment
1,020  841  658  
17,111  17,270  15,960  
Experiences
32,549  28,085  15,961  
Eliminations
(1,397) (1,179) (992) 
Total segment revenues$88,898  $83,745  $67,418  
Segment operating income (loss)
Entertainment
$1,444  $2,126  $5,196  
Sports
2,465  2,710  2,690  
Experiences
8,954  7,285  (120) 
Total segment operating income(1)
$12,863  $12,121  $7,766  
(1)Equity in the income of investees is included in segment operating income as follows:
202320222021
Entertainment
$685  $783  $744  
Sports
55  55  51  
Experiences
(2) (10) (19) 
Equity in the income of investees included in segment operating income738  828  776  
A+E Gain(1)
56  —  —  
Amortization of TFCF intangible assets related to equity investees
(12) (12) (15) 
Equity in the income of investees$782  $816  $761  
(1)Restructuring and impairment charges include the impact of a content license agreement termination with A+E, which generated a gain at A+E. The Company’s 50% interest of this gain was $56 million (A+E gain).
Reconciliation of Revenue from Segments to Consolidated
A reconciliation of segment revenues to total revenues is as follows:
 202320222021
Segment revenues$88,898 $83,745   $67,418 
Content License Early Termination(1)
—   (1,023)—   
Total revenues$88,898 $82,722 $67,418 
(1)In fiscal 2022, the Company early terminated certain license agreements with a customer for film and episodic content, which was delivered in previous years, in order for the Company to use the content primarily on our Entertainment Direct-to-Consumer services (Content License Early Termination). Because the content is functional IP, we had recognized substantially all of the consideration to be paid by the customer under the licenses as revenue in prior years when the content was delivered. Consequently, we have recorded the amounts to terminate the license agreements, net of remaining amounts of deferred revenue, as a reduction of revenue.
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:
202320222021
Segment operating income$12,863  $12,121  $7,766  
Content License Early Termination— (1,023)— 
Corporate and unallocated shared expenses(1,147) (1,159) (928) 
Restructuring and impairment charges(1)
(3,836) (237) (654) 
Other income (expense), net
96  (667) 201  
Interest expense, net(1,209) (1,397) (1,406) 
TFCF and Hulu acquisition amortization(2)
(1,998) (2,353) (2,418) 
Income from continuing operations before income taxes
$4,769  $5,285  $2,561  
(1)Net of the A+E Gain.
(2)TFCF and Hulu acquisition amortization is as follows:
202320222021
Amortization of intangible assets
$1,547  $1,707  $1,757  
Step-up of film and episodic costs
439 634 646 
Intangibles related to TFCF equity investees
12 12 15 
$1,998 $2,353 $2,418 
Capital Expenditures, Depreciation and Amortization by Segment
Capital expenditures, depreciation expense and amortization expense are as follows:
Capital expenditures202320222021
Entertainment
$1,032  $802  $838  
Sports
15  8  24  
Experiences
Domestic2,203  2,680  1,597  
International822  767  675  
Corporate897  686  444  
Total capital expenditures$4,969  $4,943  $3,578  
Depreciation expense
Entertainment
$669  $560  $513  
Sports
73  90  100 
Experiences
Domestic2,011  1,680  1,551  
International669  662  718  
Amounts included in segment operating income2,680  2,342  2,269  
Corporate204  191  186  
Total depreciation expense$3,626  $3,183  $3,068  
Amortization of intangible assets
Entertainment
$87  $164  $174  
Sports
—  —  4  
Experiences
109  109  108  
Amounts included in segment operating income196  273  286  
TFCF and Hulu1,547  1,707  1,757  
Total amortization of intangible assets$1,743  $1,980  $2,043  
Indentifiable Assets by Segment
Identifiable assets, including equity method investments(1) and intangible assets,(2) are as follows:
September 30, 2023October 1, 2022
Entertainment
$113,307  $117,184  
Sports
25,402  24,988  
Experiences
42,808  41,969  
Corporate (primarily fixed asset and cash and cash equivalents)24,062  19,490  
Total consolidated assets$205,579  203,631  
(1)Equity method investments included in identifiable assets by segment are as follows:
September 30, 2023October 1, 2022
Entertainment
$2,433  $2,449  
Sports
213  184  
Experiences
—  2  
Corporate42  43  
$2,688  $2,678  
(2)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:
September 30, 2023October 1, 2022
Entertainment
$8,556  $9,829  
Sports
1,767  2,152  
Experiences
2,718  2,836  
Corporate20  20  
$13,061  $14,837  
Schedule of Revenue and Operating Income by Geographic Market
The following table presents our revenues and segment operating income by geographical markets:
202320222021
Revenues
Americas$71,205  $68,218  $54,157  
Europe9,533  8,680  6,690  
Asia Pacific8,160  6,847  6,571  
$88,898  $83,745  $67,418  
Content License Early Termination(1,023) 
$82,722  
Segment operating income
Americas$10,779  $11,099  $6,314  
Europe856  586  800  
Asia Pacific1,228  436  652  
$12,863  $12,121  $7,766  
Long-lived Assets by Geographic Markets
Long-lived assets(1) by geographical markets are as follows:
September 30, 2023October 1, 2022
Americas$148,567  $150,786  
Europe9,895  8,739  
Asia Pacific10,244  10,976  
$168,706  $170,501  
(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:
DMED
Experiences
Entertainment
Sports
Total
Balance at Oct. 2, 2021$72,521  $5,550  $—  $—  $78,071  
Currency translation adjustments and other, net(174) —  —  —  (174) 
Balance at Oct. 1, 202272,347  5,550  —  —  77,897  
Segment recast(1)
(72,347) —  55,488  16,859  —  
Goodwill impairment(2)
—  —  (425) (296) (721) 
Currency translation adjustments and other, net—  —  (32) (77) (109) 
Balance at Sep. 30, 2023$—  $5,550  $55,031  $16,486  $77,067  
(1)Reflects the reallocation of goodwill as a result of the Company recasting its segments from the strategic reorganization during fiscal 2023.
(2)Reflects goodwill impairments at entertainment and international sports linear networks (See Note 18).