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Reconciliation of Segment Operating Income to Income before Income Taxes (Details) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Jun. 29, 2024
Jul. 01, 2023
Jun. 29, 2024
Jul. 01, 2023
Reconciling Items for Operating Income (Loss) from Segment to Consolidated        
Segment operating income $ 4,225 $ 3,559 $ 11,946 $ 9,887
Corporate and unallocated shared expenses (328) (295) (1,027) (854)
Restructuring and impairment charges [1] 0 (2,650) (2,052) (2,871)
Other income (expense), net [2] (65) (11) (65) 96
Interest expense, net (342) (305) (899) (927)
Amortization of Intangible Assets [3] (397) (432) (1,282) (1,569)
Income (loss) before income taxes $ 3,093 $ (134) $ 6,621 $ 3,762
[1] See Note 16 for a discussion of amounts in restructuring and impairment charges.
[2] “Other income (expense), net” for the quarter and nine months ended June 29, 2024 reflected a charge of $65 million related to a legal ruling. In the prior-year quarter and nine months ended July 1, 2023, the Company recognized a gain of $90 million and $169 million, respectively, on its investment in DraftKings, Inc. (DraftKings Gain), which was sold in the prior-year quarter. “Other income (expense), net” for the prior-year quarter and nine months ended July 1, 2023 also included a charge of $101 million related to a legal ruling.
[3] TFCF and Hulu Acquisition Amortization is as follows:
Quarter EndedNine Months Ended
June 29,
2024
July 1,
2023
June 29,
2024
July 1,
2023
Amortization of intangible assets$326 $361   $1,068 $1,186 
Step-up of film and television costs68   68 205 374 
Intangibles related to a TFCF equity investee
3   9 
$397 $432 $1,282 $1,569