Equity

12 Months Ended

Sep. 29, 2012

Equity

11 Equity

As of the filing date of this report, the Board of Directors had not yet declared a dividend related to fiscal 2012. The Company paid a $0.60 per share dividend ($1.1 billion) during the second quarter of fiscal 2012 related to fiscal 2011. The Company paid a $0.40 per share dividend ($756 million) during the second quarter of fiscal 2011 related to fiscal 2010. The Company paid a $0.35 per share dividend ($653 million) during the second quarter of fiscal 2010 related to fiscal 2009.

During fiscal 2012, the Company repurchased 72 million shares of its common stock for approximately $3.0 billion. During fiscal 2011, the Company repurchased 135 million shares of its common stock for approximately $5.0 billion. During fiscal 2010, the Company repurchased 80 million shares of Disney common stock for $2.7 billion. On March 22, 2011, the Company’s Board of Directors increased the amount of shares that can be repurchased to 400 million shares as of that date. As of September 29, 2012, the Company had remaining authorization in place to repurchase 232 million additional shares. The repurchase program does not have an expiration date.

The following table summarizes the changes in each component of accumulated other comprehensive loss, net of tax⁽¹⁾ in Disney’s shareholders’ equity:

	Market Value Adjustments				Unrecognized Pension and Post- retirement Medical Expense		Foreign Currency Translation and Other		Accumulated Other Comprehensive Income, net of tax
	Investments		Cash Flow Hedges
Balance at Oct 3, 2009	$	(2)	$	20	$	(1,767)	$	105	$	(1,644)
Unrealized gains (losses) arising during the period		8		(118)		(208)		(25)		(343)
Reclassifications of realized net (gains) losses to net income		1		(4)		109		—		106
Balance at Oct 2, 2010		7		(102)		(1,866)		80		(1,881)
Unrealized gains (losses) arising during the period		2		(72)		(915)		(37)		(1,022)
Reclassifications of realized net (gains) losses to net income		(3)		120		156		—		273
Balance at Oct 1, 2011		6		(54)		(2,625)		43		(2,630)
Unrealized gains (losses) arising during the period		4		38		(829)		(60)		(847)
Reclassifications of realized net (gains) losses to net income		(7)		(36)		220		34		211
Balance at Sept 29, 2012	$	3	$	(52)	$	(3,234)	$	17	$	(3,266)

⁽¹⁾  Accumulated other comprehensive income (loss) and components of other comprehensive income (loss) are recorded net of tax using a 37% estimated statutory tax rate.