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Segment Information (Tables)
 3 Months Ended
Dec. 29, 2018
Financial Information by Operating Segments Segment revenues and segment operating income are as follows:
 
Quarter Ended
 
December 29,
2018
 
December 30,
2017
Revenues (1):
 
 
 
Media Networks
$
5,921


$
5,555

Parks, Experiences & Consumer Products
6,824


6,527

Studio Entertainment
1,824


2,509

Direct-to-Consumer & International
918


931

Eliminations(2)
(184
)
 
(171
)
 
$
15,303

 
$
15,351

Segment operating income (1):
 
 
 
Media Networks
$
1,330

 
$
1,243

Parks, Experiences & Consumer Products
2,152

 
1,954

Studio Entertainment
309

 
825

Direct-to-Consumer & International
(136
)
 
(42
)
Eliminations
—

 
6

 
$
3,655

 
$
3,986

(1) 
Studio Entertainment revenues and operating income include an allocation of Parks, Experiences & Consumer Products revenues, which is meant to reflect royalties on sales of merchandise based on film properties. The increase to Studio Entertainment revenues and operating income and corresponding decrease to Parks, Experiences & Consumer Products revenues and operating income was $154 million and $171 million for the quarters ended December 29, 2018 and December 30, 2017, respectively.
(2) 
Intersegment content transactions are as follows:
 
Quarter Ended
(in millions)
December 29,
2018
 
December 30,
2017
Revenues
 
 
 
Studio Entertainment:
 
 
 
Content transactions with Media Networks
$
(21
)
 
$
(31
)
Content transactions with Direct-to-Consumer & International
(18
)
 
(8
)
Media Networks:
 
 
 
Content transactions with Direct-to-Consumer & International
(145
)
 
(132
)
Total revenues
$
(184
)
 
$
(171
)
Equity In Income of Investees By Segment Equity in the income/(loss) of investees is included in segment operating income as follows: 
 
Quarter Ended
 
December 29,
2018
 
December 30,
2017
Media Networks
$
179

 
$
159

Parks, Experiences & Consumer Products
(12
)
 
(7
)
Direct-to-Consumer & International
(91
)
 
(109
)
Equity in the income / (loss) of investees
$
76

 
$
43
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
 
December 29,
2018
 
December 30,
2017
Segment operating income
$
3,655

 
$
3,986

Corporate and unallocated shared expenses
(161
)
 
(150
)
Restructuring and impairment charges
—

 
(15
)
Other income
—

 
53

Interest expense, net
(63
)
 
(129
)
Income before income taxes
$
3,431

 
$
3,745