Segment Information

3 Months Ended

Dec. 31, 2011

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, which consists primarily of cable businesses included in the Media Networks segment.

	Quarter Ended
	December 31,   2011		January 1,     2011
Revenues(1):
Media Networks	$	4,779	$	4,645
Parks and Resorts		3,155		2,868
Studio Entertainment		1,618		1,932
Consumer Products		948		922
Interactive Media		279		349
	$	10,779	$	10,716
Segment operating income (loss) (1):
Media Networks	$	1,193	$	1,066
Parks and Resorts		553		468
Studio Entertainment		413		375
Consumer Products		313		312
Interactive Media		(28 )		(13 )
	$	2,444	$	2,208

⁽¹⁾  Studio Entertainment segment revenues and operating income include an allocation of Consumer Products and Interactive Media revenues which is meant to reflect royalties on sales of merchandise based on certain Studio 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
	Dec. 31, 2011		Jan. 1, 2011
Studio Entertainment	$	76	$	73
Consumer Products		(76 )		(72)
Interactive Media		–		(1)
	$–		$	–

A reconciliation of segment operating income to income before income taxes is as follows:

	Quarter Ended
	December 31,   2011		January 1,     2011
Segment operating income	$	2,444	$	2,208
Corporate and unallocated shared expenses		(107 )		(112 )
Restructuring and impairment charges		(6 )		(12 )
Other income		–		75
Net interest expense		(90)		(95)
Income before income taxes	$	2,241	$	2,064