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Segment Information
 3 Months Ended
Dec. 30, 2017
Segment Information
Segment Information
The operating segments reported below are the segments of the Company for which separate financial information is available and for which results are evaluated regularly by the Chief Executive Officer in deciding how to allocate resources and in assessing performance.
Segment operating results reflect earnings before corporate and unallocated shared expenses, restructuring and impairment charges, other income, interest expense, income taxes and noncontrolling interests. Segment operating income includes equity in the income of investees. Corporate and unallocated shared expenses principally consist of corporate functions, executive management and certain unallocated administrative support functions.
Equity in the income of investees is included in segment operating income as follows: 
 
Quarter Ended
 
December 30,
2017
 
December 31,
2016
Media Networks
$
50

 
$
119

Parks and Resorts
(7
)
 
(2
)
Consumer Products & Interactive Media
—

 
1

Equity in the income of investees included in segment operating income
$
43

 
$
118


Segment revenues and segment operating income are as follows:
 
Quarter Ended
 
December 30,
2017
 
December 31,
2016
Revenues (1):
 
 
 
Media Networks
$
6,243


$
6,233

Parks and Resorts
5,154


4,555

Studio Entertainment
2,504


2,520

Consumer Products & Interactive Media
1,450


1,476

 
$
15,351

 
$
14,784

Segment operating income (1):
 
 
 
Media Networks
$
1,193

 
$
1,362

Parks and Resorts
1,347

 
1,110

Studio Entertainment
829

 
842

Consumer Products & Interactive Media
617

 
642

 
$
3,986

 
$
3,956

(1) 
Studio Entertainment 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 film properties. The increase to Studio Entertainment revenues and operating income and corresponding decrease to Consumer Products & Interactive Media revenues and operating income was $171 million and $181 million for the quarters ended December 30, 2017 and December 31, 2016, respectively.
A reconciliation of segment operating income to income before income taxes is as follows:
 
Quarter Ended
 
December 30,
2017
 
December 31,
2016
Segment operating income
$
3,986

 
$
3,956

Corporate and unallocated shared expenses
(150
)
 
(132
)
Restructuring and impairment charges
(15
)
 
—

Other income, net
53

 
—

Interest expense, net
(129
)
 
(99
)
Income before income taxes
$
3,745

 
$
3,725