Segment Information (Tables)

6 Months Ended

Mar. 30, 2024

Financial Information by Operating Segments

Segment revenues and segment operating income are as follows:

	Quarter Ended				Six Months Ended
	March 30, 2024		April 1, 2023		March 30, 2024		April 1, 2023
Revenues:
Entertainment
Third parties	$	9,691	$	10,212	$	19,572	$	20,796
Intersegment	105		97		205		188
	9,796		10,309		19,777		20,984
Sports
Third parties	3,999		3,957		8,535		8,340
Intersegment	313		269		612		526
	4,312		4,226		9,147		8,866
Experiences	8,393		7,646		17,525		16,191
Eliminations	(418)		(366)		(817)		(714)
Total segment revenues	$	22,083	$	21,815	$	45,632	$	45,327
Segment operating income:
Entertainment	$	781	$	455	$	1,655	$	800
Sports	778		794		675		630
Experiences	2,286		2,036		5,391		4,898
Total segment operating income(1)	$	3,845	$	3,285	$	7,721	$	6,328

(1) Equity in the income of investees is included in segment operating income as follows:

	Quarter Ended				Six Months Ended
	March 30, 2024		April 1, 2023		March 30, 2024		April 1, 2023
Entertainment	$	138	$	160	$	309	$	353
Sports	6		16		19		19
Experiences	—		—		—		(2)
Equity in the income of investees included in segment operating income	144		176		328		370
Amortization of TFCF intangible assets related to equity investees	(3)		(3)		(6)		(6)
Equity in the income of investees, net	$	141	$	173	$	322	$	364

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
	March 30, 2024		April 1, 2023		March 30, 2024		April 1, 2023
Entertainment	$	138	$	160	$	309	$	353
Sports	6		16		19		19
Experiences	—		—		—		(2)
Equity in the income of investees included in segment operating income	144		176		328		370
Amortization of TFCF intangible assets related to equity investees	(3)		(3)		(6)		(6)
Equity in the income of investees, net	$	141	$	173	$	322	$	364

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
	March 30, 2024		April 1, 2023		March 30, 2024		April 1, 2023
Segment operating income	$	3,845	$	3,285	$	7,721	$	6,328
Corporate and unallocated shared expenses	(391)		(279)		(699)		(559)
Restructuring and impairment charges(1)	(2,052)		(152)		(2,052)		(221)
Other income, net(2)	—		149		—		107
Interest expense, net	(311)		(322)		(557)		(622)
TFCF and Hulu acquisition amortization(3)	(434)		(558)		(885)		(1,137)
Income before income taxes	$	657	$	2,123	$	3,528	$	3,896

(1)See Note 17 for a discussion of amounts in restructuring and impairment charges.

(2)See Note 5 for a discussion of amounts in other income, net.

(3)TFCF and Hulu acquisition amortization is as follows:

	Quarter Ended				Six Months Ended
	March 30, 2024		April 1, 2023		March 30, 2024		April 1, 2023
Amortization of intangible assets	$	362	$	408	$	742	$	825
Step-up of film and television costs	69		147		137		306
Intangibles related to TFCF equity investees	3		3		6		6
	$	434	$	558	$	885	$	1,137

Components of TFCF and Hulu Acquisition Amortization

TFCF and Hulu acquisition amortization is as follows:

	Quarter Ended				Six Months Ended
	March 30, 2024		April 1, 2023		March 30, 2024		April 1, 2023
Amortization of intangible assets	$	362	$	408	$	742	$	825
Step-up of film and television costs	69		147		137		306
Intangibles related to TFCF equity investees	3		3		6		6
	$	434	$	558	$	885	$	1,137