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Segment Information (Tables)
6 Months Ended
Apr. 01, 2017
Equity In Income of Investees By Segment
Equity in the income of investees is included in segment operating income as follows: 
 
Quarter Ended
 
Six Months Ended
 
April 1,
2017
 
April 2,
2016
 
April 1,
2017
 
April 2,
2016
Media Networks
$
88

 
$
151

 
$
207

 
$
293

Parks and Resorts
(3
)
 

 
(5
)
 

Consumer Products & Interactive Media

 

 
1

 

Equity in the income of investees included in segment operating income
85

 
151

 
203

 
293

Vice Gain

 

 

 
332

Other

 
(1
)
 

 
(1
)
Total equity in the income of investees
$
85

 
$
150

 
$
203

 
$
624

Financial Information by Operating Segments
Segment revenues and segment operating income are as follows:
 
Quarter Ended
 
Six Months Ended
 
April 1,
2017
 
April 2,
2016
 
April 1,
2017
 
April 2,
2016
Revenues (1):
 
 
 
 
 
 
 
Media Networks
$
5,946


$
5,793


$
12,179


$
12,125

Parks and Resorts
4,299


3,928


8,854


8,209

Studio Entertainment
2,034


2,062


4,554


4,783

Consumer Products & Interactive Media
1,057


1,186


2,533


3,096

 
$
13,336

 
$
12,969

 
$
28,120

 
$
28,213

Segment operating income (1):
 
 
 
 
 
 
 
Media Networks
$
2,223

 
$
2,299

 
$
3,585

 
$
3,711

Parks and Resorts
750

 
624

 
1,860

 
1,605

Studio Entertainment
656

 
542

 
1,498

 
1,556

Consumer Products & Interactive Media
367

 
357

 
1,009

 
1,217

 
$
3,996

 
$
3,822

 
$
7,952

 
$
8,089

(1) Studio Entertainment segment revenues and operating income include an allocation of Consumer Products & Interactive Media revenues, which is meant to reflect royalties on sales of merchandise based on certain film properties. The increase to Studio Entertainment revenues and operating income and corresponding decrease to Consumer Products & Interactive Media revenues and operating income totaled $107 million and $180 million for the quarters ended April 1, 2017 and April 2, 2016, respectively, and $288 million and $442 million for the six months ended April 1, 2017 and April 2, 2016, respectively.
Reconciliation of Segment Operating Income to Income before Income Taxes
A reconciliation of segment operating income to income before income taxes is as follows:
 
Quarter Ended
 
Six Months Ended
 
April 1,
2017
 
April 2,
2016
 
April 1,
2017
 
April 2,
2016
Segment operating income
$
3,996

 
$
3,822

 
$
7,952

 
$
8,089

Corporate and unallocated shared expenses
(161
)
 
(162
)
 
(293
)
 
(298
)
Restructuring and impairment charges

 

 

 
(81
)
Interest expense, net
(84
)
 
(67
)
 
(183
)
 
(91
)
Vice Gain

 

 

 
332

Infinity Charge(1)

 
(147
)
 

 
(147
)
Income before income taxes
$
3,751

 
$
3,446

 
$
7,476

 
$
7,804



(1) In the prior-year quarter, the Company discontinued its Infinity console game business, which is reported in the Consumer Products & Interactive Media segment, and recorded a charge primarily to write down inventory. The charge also included severance and other asset impairments. The charge was reported in “Cost of products” in the Condensed Consolidated Statement of Income.