Produced and Acquired/Licensed Content Costs and Advances

12 Months Ended

Sep. 28, 2024

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 28, 2024						As of September 30, 2023
	Predominantly Monetized Individually		Predominantly Monetized as a Group		Total		Predominantly Monetized Individually		Predominantly Monetized as a Group		Total
Produced content
Released, less amortization	$	4,568	$	13,621	$	18,189	$	4,968	$	13,555	$	18,523
Completed, not released	16		2,265		2,281		70		1,786		1,856
In-process	4,352		4,067		8,419		3,331		6,120		9,451
In development or pre-production	196		73		269		279		133		412
	$	9,132	$	20,026	29,158		$	8,648	$	21,594	30,242
Licensed content - Television Programming rights and advances					5,251						6,351
Total produced and licensed content					$	34,409					$	36,593
Current portion					$	2,097					$	3,002
Non-current portion					$	32,312					$	33,591

Amortization of produced and licensed content is as follows:

	2024		2023		2022
Produced content
Predominantly monetized individually	$	3,311	$	3,999	$	3,448
Predominantly monetized as a group	7,143		7,862		6,776
	10,454		11,861		10,224
Licensed programming rights and advances	14,027		13,405		13,432
Total produced and licensed content costs(1)	$	24,481	$	25,266	$	23,656

(1)Primarily included in “Costs of services” in the Consolidated Statements of Income. Fiscal 2024 amounts exclude impairment charges of $187 million for produced content and 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 28, 2024 is as follows:

	Predominantly Monetized Individually		Predominantly Monetized as a Group		Total
Produced content
Released
2025	$	983	$	3,323	$	4,306
2026	605		2,466		3,071
2027	479		1,907		2,386
Completed, not released
2025	10		848		858
Licensed content - Programming rights and advances
2025					$	3,230
2026					746
2027					370

Approximately $2.2 billion of accrued participations and residual liabilities will be paid in fiscal 2025.

At September 28, 2024, acquired film and television library content has remaining unamortized costs of $3.5 billion, which are generally being amortized straight-line over a weighted-average remaining period of approximately 14 years.

Content Production Incentives

Programming and production costs were reduced by $0.6 billion for fiscal 2024 related to the amortization of production tax incentives. We have production tax credit receivables of $1.7 billion as of September 28, 2024, which, based on the expected timing of collection, are reflected in “Receivables, net” or “Other Assets” in our Consolidated Balance Sheet.