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Segment Information
 6 Months Ended
Mar. 30, 2013
Segment Information
2.
Segment Information
The operating segments reported below are the segments of the Company for which separate financial information is available and for which segment results are evaluated regularly by the Chief Executive Officer in deciding how to allocate resources and in assessing performance. The Company reports the performance of its operating segments including equity in the income of investees. Equity in the income of investees included in segment operating results is as follows:
 
 
Quarter Ended
 
Six Months Ended
 
March 30,
2013
 
March 31,
2012
 
March 30,
2013
 
March 31,
2012
Media Networks
 
 
 
 
 
 
 
Cable Networks
$
195

 
$
149

 
$
372

 
$
299

Broadcasting
(10
)
 
(11
)
 
(23
)
 
(17
)
Equity in the income of investees included in segment operating income
$
185

 
$
138

 
$
349

 
$
282



During the six months ended March 30, 2013, the Company recorded a $55 million charge for our share of expense related to an equity redemption at Hulu LLC (Hulu Equity Redemption). This charge is recorded in equity in the income of investees in the Condensed Consolidated Statements of Income but has been excluded from segment operating income. See Note 3 for further discussion of the transaction.
 
Quarter Ended
 
Six Months Ended
 
March 30,
2013
 
March 31,
2012
 
March 30,
2013
 
March 31,
2012
Revenues (1):
 
 
 
 
 
 
 
Media Networks
$
4,957

 
$
4,692

 
$
10,058

 
$
9,471

Parks and Resorts
3,302

 
2,899

 
6,693

 
6,054

Studio Entertainment
1,338

 
1,180

 
2,883

 
2,798

Consumer Products
763

 
679

 
1,776

 
1,627

Interactive
194

 
179

 
485

 
458

 
$
10,554

 
$
9,629

 
$
21,895

 
$
20,408

Segment operating income (loss) (1):
 
 
 
 
 
 
 
Media Networks
$
1,862

 
$
1,729

 
$
3,076

 
$
2,922

Parks and Resorts
383

 
222

 
960

 
775

Studio Entertainment
118

 
(84
)
 
352

 
329

Consumer Products
200

 
148

 
546

 
461

Interactive
(54
)
 
(70
)
 
(45
)
 
(98
)
 
$
2,509

 
$
1,945

 
$
4,889

 
$
4,389


(1) Studio Entertainment segment revenues and operating income include an allocation of Consumer Products and Interactive revenues, which is meant to reflect royalties on sales of merchandise based on certain film properties. The increases/(decreases) related to these allocations on segment revenues and operating income as reported in the above table are as follows:
 
Quarter Ended
 
Six Months Ended
 
March 30,
2013
 
March 31,
2012
 
March 30,
2013
 
March 31,
2012
Studio Entertainment
$
49

 
$
54

 
$
104

 
$
130

Consumer Products
(48
)
 
(53
)
 
(103
)
 
(129
)
Interactive
(1
)
 
(1
)
 
(1
)
 
(1
)
 
$
—

 
$
—

 
$
—

 
$
—

A reconciliation of segment operating income to income before income taxes is as follows:
 
Quarter Ended
 
Six Months Ended
 
March 30,
2013
 
March 31,
2012
 
March 30,
2013
 
March 31,
2012
Segment operating income
$
2,509

 
$
1,945

 
$
4,889

 
$
4,389

Corporate and unallocated shared expenses
(129
)
 
(120
)
 
(252
)
 
(227
)
Restructuring and impairment charges
(61
)
 
(38
)
 
(61
)
 
(44
)
Other income/(expense), net
10

 
184

 
(92
)
 
184

Net interest expense
(54
)
 
(95
)
 
(126
)
 
(185
)
Hulu Equity Redemption charge
—

 
—

 
(55
)
 
—

Income before income taxes
$
2,275

 
$
1,876

 
$
4,303

 
$
4,117