The Walt Disney Company (DIS) 10-Q 13 May 21 2021 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Apr. 03, 2021	May 05, 2021
Document Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Apr. 3, 2021
Document Transition Report	false
Entity File Number	001-38842
Entity Registrant Name	WALT DISNEY CO/
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	83-0940635
Entity Address, Address Line One	500 South Buena Vista Street
Entity Address, City or Town	Burbank
Entity Address, State or Province	CA
Entity Address, Postal Zip Code	91521
City Area Code	818
Local Phone Number	560-1000
Title of 12(b) Security	Common Stock, $0.01 par value
Trading Symbol	DIS
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		1,816,932,058
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	Q2
Entity Central Index Key	0001744489
Current Fiscal Year End Date	--10-02
Amendment Flag	false

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($) shares in Millions, $ in Millions		3 Months Ended			6 Months Ended
		Apr. 03, 2021		Mar. 28, 2020	Apr. 03, 2021		Mar. 28, 2020
Revenues		$ 15,613		$ 18,025	$ 31,862		$ 38,902
Selling, general, administrative and other		(3,113)		(3,393)	(6,030)		(7,102)
Depreciation and amortization		(1,272)		(1,334)	(2,570)		(2,633)
Total costs and expenses		(14,167)		(16,664)	(30,157)		(34,706)
Restructuring and impairment charges		(414)		(145)	(527)		(295)
Other income, net		305	[1]	0	305	[1]	0
Interest expense, net		(320)		(300)	(644)		(583)
Equity in the income of investees		213		135	437		359
Income from continuing operations before income taxes		1,230		1,051	1,276		3,677
Income taxes on continuing operations		(108)		(523)	(124)		(981)
Net Income from Continuing Operations		1,122		528	1,152		2,696
Loss from discontinued operations, net of income tax benefit of $3, $3, $7 and $10, respectively)		(11)		(8)	(23)		(29)
Net Income		1,111		520	1,129		2,667
Net Income from Continuing Operations Attributable to Noncontrolling Interests		(210)		(60)	(211)		(100)
Net income attributable to The Walt Disney Company (Disney)		$ 901		$ 460	$ 918		$ 2,567
Earnings per share attributable to Disney:
Continuing Operations, Per Diluted Share		$ 0.50		$ 0.26	$ 0.52		$ 1.43
Discontinued Operations, Per Diluted Share		(0.01)		0	(0.01)		(0.02)
Diluted	[2]	0.49		0.25	0.50		1.41
Continuing Operations, Per Basic Share		0.50		0.26	0.52		1.44
Discontinued Operation, Per Basic Share		(0.01)		0	(0.01)		(0.02)
Basic	[2]	$ 0.50		$ 0.25	$ 0.51		$ 1.42
Weighted average number of common and common equivalent shares outstanding:
Diluted (shares)		1,829		1,816	1,826		1,816
Basic (shares)		1,817		1,808	1,814		1,806
Service
Revenues		$ 14,522		$ 16,190	$ 29,393		$ 34,284
Cost of Goods and Services Sold		(8,932)		(10,683)	(19,670)		(22,078)
Product
Revenues		1,091		1,835	2,469		4,618
Cost of Goods and Services Sold		$ (850)		$ (1,254)	$ (1,887)		$ (2,893)
[1]	For the quarter ended April 3, 2021, other income reflected a $305 million gain from an adjustment of our investment in DraftKings, Inc. to fair value (DraftKings Gain). For the six months ended April 3, 2021, other income reflected a $186 million gain from an adjustment of our investment in fuboTV Inc. to fair value, which was sold in January 2021 (fuboTV Gain), and a $119 million DraftKings Gain.
[2]	Total may not equal the sum of the column due to rounding.

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Parenthetical) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Apr. 03, 2021	Mar. 28, 2020	Apr. 03, 2021	Mar. 28, 2020
Discontinued Operation, Tax Effect of Discontinued Operation	$ (3)	$ (3)	$ (7)	$ (10)

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Apr. 03, 2021	Mar. 28, 2020	Apr. 03, 2021	Mar. 28, 2020
Net income	$ 1,111	$ 520	$ 1,129	$ 2,667
Other Comprehensive Income/(Loss), Net of Tax:
Market value adjustments, primarily for hedges	110	129	(63)	22
Pension and postretirement medical plan adjustments	191	73	341	180
Foreign currency translation and other	(93)	(323)	184	(196)
Other comprehensive income	208	(121)	462	6
Comprehensive income	1,319	399	1,591	2,673
Net income from continuing operations attributable to noncontrolling interests	(210)	(60)	(211)	(100)
Other comprehensive income (loss) attributable to noncontrolling interests	15	17	(58)	(26)
Comprehensive income attributable to Disney	$ 1,124	$ 356	$ 1,322	$ 2,547

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Apr. 03, 2021	Oct. 03, 2020
Current assets
Cash and Cash Equivalents	$ 15,890	$ 17,914
Receivables, net	12,533	12,708
Inventories	1,406	1,583
Content advances	2,204	2,171
Other current assets	844	875
Total current assets	32,877	35,251
Produced and licensed content costs	26,858	25,022
Investments	4,309	3,903
Attractions, buildings and equipment	63,037	62,111
Accumulated depreciation	(36,866)	(35,517)
Parks, resorts and other property before projects in progress and land, Total	26,171	26,594
Projects in progress	4,891	4,449
Land	1,075	1,035
Parks, resorts and other property	32,137	32,078
Intangible assets, net	18,123	19,173
Goodwill	77,861	77,689
Other assets	8,085	8,433
Total assets	200,250	201,549
Current liabilities
Accounts payable and other accrued liabilities	17,062	16,801
Current portion of borrowings	5,243	5,711
Deferred revenue and other	4,337	4,116
Total current liabilities	26,642	26,628
Borrowings	50,903	52,917
Deferred income taxes	6,894	7,288
Other long-term liabilities	16,615	17,204
Commitments and contingencies
Redeemable Noncontrolling Interests	9,410	9,249
Equity
Preferred stock	0	0
Common stock, $0.01 par value, Authorized – 4.6 billion shares, Issued – 1.8 billion shares	55,000	54,497
Retained earnings	39,365	38,315
Accumulated other comprehensive loss	(7,918)	(8,322)
Treasury stock, at cost, 19 million shares	(907)	(907)
Total Disney Shareholders' equity	85,540	83,583
Noncontrolling interests	4,246	4,680
Total equity	89,786	88,263
Total liabilities and equity	$ 200,250	$ 201,549

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares shares in Millions	Apr. 03, 2021	Oct. 03, 2020
Common stock, par value	$ 0.01	$ 0.01
Common stock, authorized	4,600	4,600
Common stock, issued	1,800	1,800
Treasury stock, shares	19	19

CONDENSED CONSOLIDATED STATEM_4

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Millions	6 Months Ended
	Apr. 03, 2021	Mar. 28, 2020
Net Income from Continuing Operations	$ 1,152	$ 2,696
OPERATING ACTIVITIES
Depreciation and amortization	2,570	2,633
Net Gain/(Loss) on Investments	(481)	5
Deferred income taxes	(556)	297
Equity in the income of investees	(437)	(359)
Cash distributions received from equity investees	372	405
Net change in produced and licensed content costs and advances	(1,685)	(925)
Net change in operating lease right of use assets / liabilities	146	(96)
Equity-based compensation	270	246
Other, net	490	161
Changes in operating assets and liabilities, net of business acquisitions:
Receivables	(37)	828
Inventories	175	70
Other assets	(131)	(174)
Accounts payable and other liabilities	(780)	(888)
Income taxes	400	(112)
Cash provided by operations - continuing operations	1,468	4,787
INVESTING ACTIVITIES
Investments in parks, resorts and other property	(1,530)	(2,585)
Other	203	(21)
Cash used in investing activities - continuing operations	(1,327)	(2,606)
FINANCING ACTIVITIES
Commercial paper borrowings (payments), net	(87)	3,138
Borrowings	37	6,071
Reduction of borrowings	(1,816)	(1,048)
Dividends	0	(1,587)
Proceeds from exercise of stock options	394	207
Other	(769)	(165)
Cash provided by (used in) financing activities - continuing operations	(2,241)	6,616
CASH FLOWS FROM DISCONTINUED OPERATIONS
Cash provided by operations - discontinued operations	4	4
Cash Provided by Investing Activities - discontinued operations	4	198
Cash provided by discontinued operations	8	202
Impact of Exchange Rate on Cash, Cash Equivalents and Restricted Cash	70	(76)
Change in Cash, Cash Equivalents and Restricted Cash	(2,022)	8,923
Cash, Cash Equivalents and Restricted Cash, Beginning of Period	17,954	5,455
Cash, Cash Equivalents and Restricted Cash, End of Period	$ 15,932	$ 14,378

CONDENSED CONSOLIDATED STATEM_5

CONDENSED CONSOLIDATED STATEMENTS OF EQUITY - USD ($) shares in Millions, $ in Millions	Total	Common Stock	Retained Earnings	AOCI Attributable to Parent	Treasury Stock	Disney Shareholders	Non-controlling Interests		Total excluding redeemable noncontrolling interest
BEGINNING BALANCE (in shares) at Sep. 28, 2019		1,802
Beginning Balance at Sep. 28, 2019		$ 53,907	$ 42,494	$ (6,617)	$ (907)	$ 88,877	$ 5,012	[1]	$ 93,889
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Comprehensive income (loss)	$ 2,673		2,567	(20)		2,547	(6)	[1]	2,541
Equity compensation activity (in shares)		4
Equity compensation activity		$ 314				314			314
Dividends		$ 9	(1,596)			(1,587)			(1,587)
Contributions							53	[1]	53
Adoption of New Accounting Pronouncement | Accounting Standards Update 2016-02			197			197			197
Distributions and other			59			59	(589)	[1]	(530)
ENDING BALANCE (in shares) at Mar. 28, 2020		1,806
Ending Balance at Mar. 28, 2020		$ 54,230	43,721	(6,637)	(907)	90,407	4,470	[2]	94,877
BEGINNING BALANCE (in shares) at Dec. 28, 2019		1,805
Beginning Balance at Dec. 28, 2019		$ 53,995	43,202	(6,533)	(907)	89,757	5,016	[2]	94,773
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Comprehensive income (loss)	399		460	(104)		356	(23)	[2]	333
Equity compensation activity (in shares)		1
Equity compensation activity		$ 226				226			226
Dividends		$ 9	(9)
Contributions							33	[2]	33
Distributions and other			68			68	(556)	[2]	(488)
ENDING BALANCE (in shares) at Mar. 28, 2020		1,806
Ending Balance at Mar. 28, 2020		$ 54,230	43,721	(6,637)	(907)	90,407	4,470	[2]	94,877
BEGINNING BALANCE (in shares) at Oct. 03, 2020		1,810
Beginning Balance at Oct. 03, 2020	88,263	$ 54,497	38,315	(8,322)	(907)	83,583	4,680	[1]	88,263
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Comprehensive income (loss)	1,591		918	404		1,322	109	[1]	1,431
Equity compensation activity (in shares)		7
Equity compensation activity		$ 502				502			502
Contributions							5	[1]	5
Adoption of New Accounting Pronouncement | Accounting Standards Update 2016-13			105			105			105
Distributions and other		$ 1	27			28	(548)	[1]	(520)
ENDING BALANCE (in shares) at Apr. 03, 2021		1,817
Ending Balance at Apr. 03, 2021	89,786	$ 55,000	39,365	(7,918)	(907)	85,540	4,246	[2]	89,786
BEGINNING BALANCE (in shares) at Jan. 02, 2021		1,814
Beginning Balance at Jan. 02, 2021		$ 54,663	38,456	(8,141)	(907)	84,071	4,657	[2]	88,728
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Comprehensive income (loss)	1,319		901	223		1,124	115	[2]	1,239
Equity compensation activity (in shares)		3
Equity compensation activity		$ 337				337			337
Adoption of New Accounting Pronouncement | Accounting Standards Update 2016-13			(5)			(5)			(5)
Distributions and other			13			13	(526)	[2]	(513)
ENDING BALANCE (in shares) at Apr. 03, 2021		1,817
Ending Balance at Apr. 03, 2021	$ 89,786	$ 55,000	$ 39,365	$ (7,918)	$ (907)	$ 85,540	$ 4,246	[2]	$ 89,786
[1]	Excludes redeemable noncontrolling interests.
[2]	Excludes redeemable noncontrolling interests.

Principles of Consolidation

Principles of Consolidation	6 Months Ended
	Apr. 03, 2021
Principles of Consolidation	Principles of Consolidation These Condensed Consolidated Financial Statements have been prepared in accordance with accounting principles generally accepted in the United States of America (GAAP) for interim financial information and the instructions to Rule 10-01 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by GAAP for complete financial statements. We believe that we have included all normal recurring adjustments necessary for a fair presentation of the results for the interim period. Operating results for the six months ended April 3, 2021 are not necessarily indicative of the results that may be expected for the year ending October 2, 2021. The terms “Company,” “we,” “us,” and “our” are used in this report to refer collectively to the parent company and the subsidiaries through which our various businesses are actually conducted. The term “TWDC” is used to refer to the parent company. These financial statements should be read in conjunction with the Company’s 2020 Annual Report on Form 10-K. The Fox sports media business in Mexico, along with another Fox business divested in fiscal 2020, are presented as discontinued operations in the Condensed Consolidated Statements of Income. At April 3, 2021 and October 3, 2020, the assets and liabilities of the sports media operation in Mexico are not material and are included in other assets and other liabilities in the Condensed Consolidated Balance Sheet. Variable Interest Entities The Company enters into relationships with or makes investments in other entities that may be variable interest entities (VIE). A VIE is consolidated in the financial statements if the Company has the power to direct activities that most significantly impact the economic performance of the VIE and has the obligation to absorb losses or the right to receive benefits from the VIE that could potentially be significant (as defined by ASC 810-10-25-38) to the VIE. Hong Kong Disneyland Resort and Shanghai Disney Resort (together the Asia Theme Parks) are VIEs in which the Company has less than 50% equity ownership. Company subsidiaries (the Management Companies) have management agreements with the Asia Theme Parks, which provide the Management Companies, subject to certain protective rights of joint venture partners, with the ability to direct the day-to-day operating activities and the development of business strategies that we believe most significantly impact the economic performance of the Asia Theme Parks. In addition, the Management Companies receive management fees under these arrangements that we believe could be significant to the Asia Theme Parks. Therefore, the Company has consolidated the Asia Theme Parks in its financial statements. Redeemable Noncontrolling Interests The Company consolidates the results of certain subsidiaries that are less than 100% owned and for which the noncontrolling interest shareholders have the rights to require the Company to purchase their interests in these subsidiaries. The most significant of these are Hulu LLC (Hulu) and BAMTech LLC (BAMTech). Hulu provides direct-to-consumer (DTC) streaming services and is owned 67% by the Company and 33% by NBC Universal (NBCU). In May 2019, the Company entered into a put/call agreement with NBCU that provided the Company with full operational control of Hulu. Under the agreement, beginning in January 2024, NBCU has the option to require the Company to purchase NBCU’s interest in Hulu and the Company has the option to require NBCU to sell its interest in Hulu to the Company, based on NBCU’s equity ownership percentage of the greater of Hulu’s then fair value or $27.5 billion. NBCU’s interest will generally not be allocated its portion of Hulu’s losses as the redeemable noncontrolling interest is required to be carried at a minimum value. The minimum value is equal to the fair value as of the May 2019 agreement date accreted to the January 2024 estimated redemption value. At April 3, 2021, NBCU’s interest in Hulu is recorded in the Company’s financial statements at $8.3 billion. BAMTech provides streaming technology services to third parties and is owned 75% by the Company, 15% by Major League Baseball (MLB) and 10% by the National Hockey League (NHL), both of which have the right to sell their interests to the Company in the future. MLB has the right to sell its interest to the Company and the Company has the right to buy MLB’s interest starting five years from and ending ten years after the Company’s September 25, 2017 acquisition date of BAMTech at the greater of fair value or a guaranteed floor value ($563 million accreting at 8% annually for eight years from the date of acquisition). The NHL can sell its interest to the Company in 2021 for $350 million. The Company has the right to acquire the NHL interest in 2021 for $500 million. The MLB and NHL interests are required to be recorded at a minimum value equal to the greater of (i) their acquisition date fair value adjusted for their share (if any) of earnings, losses, or dividends (“adjusted value”) or (ii) an accreted value from the date of the acquisition to the applicable redemption date (“accreted value”). As the accreted value is typically always higher than the adjusted value, the MLB and NHL interests are not allocated their portion of BAMTech losses. Therefore, the MLB and NHL interests are accreted to the estimated redemption value as of the earliest redemption date. As of April 3, 2021, the guaranteed floor value for the MLB interest, accreted from the date of acquisition, was $738 million. As of April 3, 2021, the accreted value of the NHL interest was $338 million. Adjustments to the carrying amount of redeemable noncontrolling interests increase or decrease income available to Company shareholders and are recorded in “Net income from continuing operations attributable to noncontrolling interests” on the Condensed Consolidated Statements of Income. Use of Estimates The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the amounts reported in the financial statements and footnotes thereto. Actual results may differ from those estimates. Reclassifications Certain reclassifications have been made in the fiscal 2020 financial statements and notes to conform to the fiscal 2021 presentation.

Segment Information

Segment Information	6 Months Ended
	Apr. 03, 2021
Segment Information	Description of Business and Segment Information Our operating segments report separate financial information, which is evaluated regularly by the Chief Executive Officer in order to decide how to allocate resources and to assess performance. As of the first quarter of fiscal 2021, we changed the presentation of segment operating results as discussed below and have recast our fiscal 2020 segment operating results to align with the fiscal 2021 presentation. Media and Entertainment Reorganization In October 2020, the Company reorganized its media and entertainment operations, which have been previously reported in three segments: Media Networks, Studio Entertainment and Direct-to-Consumer & International. With this reorganization, a single group is responsible for distributing all of the Company’s media and entertainment content across all platforms globally. This distribution organization will have full accountability for the financial results of the media and entertainment businesses, and content will generally be created by three production groups: Studios, General Entertainment and Sports. As a result of the reorganization, effective at the beginning of the first quarter of fiscal 2021, we are reporting the financial results of the media and entertainment businesses as one segment, Disney Media and Entertainment Distribution (DMED) across three significant lines of business/distribution platforms: Linear Networks, Direct-to-Consumer and Content Sales/Licensing (primarily comprising theatrical, home entertainment and third-party television and subscription video-on-demand “TV/SVOD” distribution globally). Intersegment Transfer Pricing Under our previous segment structure, in certain instances production and distribution activities were in different segments. In these situations, for segment financial accounting purposes, the producer segment would recognize revenue based on an intersegment transfer price that included a “mark-up”. These transactions were reported “gross” (i.e. the segment producing the content reported revenue and the mark-up from intersegment transactions, and the required eliminations were reported on a separate “Eliminations” line when presenting a summary of our segment results). Under our new segment structure, the operating results of the production and distribution activities are reported in the same segment, and the fully loaded production cost is allocated across the distribution platforms which are utilizing the content. Elimination of Consumer Products Revenue Share Under our legacy segment financial reporting, the Studio Entertainment segment received a revenue share related to the consumer products business, which is included in the Disney Parks, Experiences and Products (DPEP) segment. Under the new reporting structure, DMED does not receive a revenue share from DPEP related to the consumer products business. DESCRIPTION OF BUSINESS Disney Media and Entertainment Distribution The DMED segment encompasses the Company’s global film and episodic television content production and distribution activities. Content is distributed by a single organization across three significant lines of business: Linear Networks, Direct-to-Consumer and Content Sales/Licensing and is generally created by three production/content licensing groups: Studios, General Entertainment and Sports. The distribution organization has full accountability for the financial results of the entire media and entertainment business. The operations in our significant lines of business are as follows: • Linear Networks ◦ Domestic Channels: ABC Television Network (ABC) and eight owned ABC television stations (Broadcasting), and Disney, ESPN, Freeform, FX and National Geographic branded domestic television networks (Cable) ◦ International Channels: Disney, ESPN, Fox, National Geographic and Star branded television networks outside the U.S. ◦ A 50% equity investment in A+E Television Networks (A+E), which operates a variety of cable channels including A&E, HISTORY and Lifetime • Direct-to-Consumer ◦ Disney+, Disney+ Hotstar, ESPN+, Hulu and Star+ DTC streaming services • Content Sales/Licensing ◦ Sales/licensing of film and television content to third-party television and subscription video-on-demand (TV/SVOD) services ◦ Theatrical distribution ◦ Home entertainment distribution (DVD, Blu-ray and electronic home video licenses) ◦ Music distribution ◦ Staging and licensing of live entertainment events on Broadway and around the world (Stage Plays) DMED also includes the following activities that are reported with Content Sales/Licensing: • Post-production services through Industrial Light & Magic and Skywalker Sound • A 30% ownership interest in Tata Sky Limited, which operates a direct-to-home satellite distribution platform in India The significant revenues of DMED are as follows: • Affiliate fees - Fees charged by our linear networks to multi-channel video programming distributors (i.e. cable, satellite, telecommunications and digital over-the-top (e.g. YouTube TV) service providers) (MVPDs) and television stations affiliated with the ABC Network for the right to deliver our programming to their customers • Advertising - Sales of advertising time/space on our Linear Networks and Direct-to-Consumer • Subscription fees - Fees charged to customers/subscribers for our DTC services • TV/SVOD distribution - Licensing fees and other revenue for the right to use our film and television productions and revenue from fees charged to customers to view our sports programming (“pay-per-view”) and Premier Access content. TV/SVOD distribution revenue is primarily reported in Content Sales/Licensing, except for pay-per-view and Premier Access revenue, which is reported in Direct-to-Consumer • Theatrical distribution - Rentals from licensing our film productions to theaters • Home entertainment - Sale of our film and television content to retailers and distributors in home video formats • Other content sales/licensing revenue - Revenues from licensing our music, ticket sales from stage play performances and fees from licensing our intellectual properties for use in stage plays • Other revenue - Fees from sub-licensing of sports programming rights (reported in Linear Networks) and post-production services (reported with Content Sales/Licensing) The significant expenses of DMED are as follows: • Operating expenses consist primarily of programming and production costs, technical support costs, operating labor, distribution costs and costs of sales. Operating expenses also includes fees paid to Linear Networks from other DMED business for the right to air the linear networks feed and other services. Programming and production costs include amortization of acquired licensed programming rights (including sports rights), amortization of capitalized production costs (including participations and residuals) and production costs related to live programming such as news and sports. Programming and production costs are largely incurred across three content creation groups, as follows: ◦ Studios - Primarily capitalized production costs related to feature films produced under the Walt Disney Pictures, Twentieth Century Studios, Marvel, Lucasfilm, Pixar and Searchlight Pictures banners ◦ General Entertainment - Primarily acquisition of rights to and internal production of episodic television programs and news content. Internal content is generally produced by the following television studios: ABC Signature; 20th Television; Disney Television Animation, FX Productions and various studios for which we commission productions for our branded channels and DTC services ◦ Sports - Primarily acquisition of professional and college sports programming rights and related production costs • Selling, general and administrative costs • Depreciation and amortization Disney Parks, Experiences and Products Significant operations: • Parks & Experiences: ◦ Theme parks and resorts, which include: Walt Disney World Resort in Florida; Disneyland Resort in California; Disneyland Paris; Hong Kong Disneyland Resort; Shanghai Disney Resort. Additionally, the Company licenses our intellectual property to a third party to operate Tokyo Disney Resort ◦ Disney Cruise Line, Disney Vacation Club and Aulani, a Disney Resort & Spa in Hawaii • Consumer Products: ◦ Licensing of our trade names, characters, visual, literary and other intellectual properties to various manufacturers, game developers, publishers and retailers throughout the world, for use on merchandise, published materials and games ◦ Sale of branded merchandise through retail, online and wholesale businesses, and development and publishing of books, comic books and magazines Significant revenues: • Theme park admissions - Sales of tickets for admission to our theme parks • Parks & Experiences merchandise, food and beverage - Sales of merchandise, food and beverages at our theme parks and resorts and cruise ships • Resorts and vacations - Sales of room nights at hotels, sales of cruise and other vacations and sales and rentals of vacation club properties • Merchandise licensing and retail: ◦ Merchandise licensing - Royalties from licensing our intellectual properties for use on consumer goods ◦ Retail - Sales of merchandise at The Disney Stores and through branded internet shopping sites, as well as to wholesalers (including books, comic books and magazines) • Parks licensing and other - Revenues from sponsorships and co-branding opportunities and real estate rent and sales. In addition, we earn royalties on Tokyo Disney Resort revenues Significant expenses: • Operating expenses consist primarily of operating labor, costs of goods sold, infrastructure costs, supplies, commissions and entertainment offerings. Infrastructure costs include information systems expense, repairs and maintenance, property taxes, utilities and fuel, retail occupancy costs, insurance and transportation • Selling, general and administrative costs • Depreciation and amortization SEGMENT INFORMATION Segment operating results reflect earnings before corporate and unallocated shared expenses, restructuring and impairment charges, net other income, net interest expense, income taxes and noncontrolling interests. Segment operating income includes equity in the income of investees and excludes impairments of certain equity investments and acquisition accounting amortization of TFCF Corporation (TFCF) and Hulu assets (i.e. intangible assets and the fair value step-up for film and television costs) recognized in connection with the TFCF acquisition in fiscal 2019 (TFCF and Hulu acquisition amortization). Corporate and unallocated shared expenses principally consist of corporate functions, executive management and certain unallocated administrative support functions. Segment operating results include allocations of certain costs, including information technology, pension, legal and other shared services costs, which are allocated based on metrics designed to correlate with consumption. Impact of COVID-19 Since early 2020, the world has been, and continues to be, impacted by the novel coronavirus (COVID-19) pandemic. COVID-19 and measures to prevent its spread are impacting our segments in a number of ways, most significantly at DPEP where our theme parks have been closed or operating at significantly reduced capacity and cruise ship sailings and guided tours have been suspended. We have delayed, or in some cases, shortened or canceled, theatrical releases, and stage play performances have been suspended since March 2020 with a limited number of performances returning in the first quarter of fiscal 2021. We have experienced significant disruptions in the production and availability of content, including the shift of key live sports programming from the third quarter of fiscal 2020 to the fourth quarter of fiscal 2020 and into the first quarter of fiscal 2021 as well as the suspension of most film and television content late in the second quarter of fiscal 2020. Although most film and television production activities resumed beginning in the fourth quarter of fiscal 2020, we continue to see disruption in production activities depending on local circumstances. The impact of these disruptions and the extent of their adverse impact on our financial and operating results will be dictated by the length of time that such disruptions continue, which will, in turn, depend on the currently unknowable duration and severity of the impacts of COVID-19, and among other things, the impact of governmental actions imposed in response to COVID-19 and individuals’ and companies’ risk tolerance regarding health matters going forward. As some of our businesses have reopened, we have incurred additional costs to address government regulations and the safety of our employees, talent and guests. Segment revenues and segment operating income are as follows: Quarter Ended Six Months Ended April 3, March 28, April 3, March 28, Revenues: Disney Media and Entertainment Distribution $ 12,440 $ 12,365 $ 25,101 $ 25,662 Disney Parks, Experiences and Products 3,173 5,660 6,761 13,240 $ 15,613 $ 18,025 $ 31,862 $ 38,902 Segment operating income (loss): Disney Media and Entertainment Distribution $ 2,871 $ 1,651 $ 4,322 $ 3,125 Disney Parks, Experiences and Products (406) 756 (525) 3,278 $ 2,465 $ 2,407 $ 3,797 $ 6,403 Equity in the income of investees is included in segment operating income as follows: Quarter Ended Six Months Ended April 3, March 28, April 3, March 28, Disney Media and Entertainment Distribution $ 226 $ 149 $ 461 $ 384 Disney Parks, Experiences and Products (9) (6) (17) (9) Equity in the income of investees included in segment operating income 217 143 444 375 Amortization of TFCF intangible assets related to equity investees (4) (8) (7) (16) Equity in the income of investees, net $ 213 $ 135 $ 437 $ 359 A reconciliation of segment operating income to income from continuing operations before income taxes is as follows: Quarter Ended Six Months Ended April 3, March 28, April 3, March 28, Segment operating income $ 2,465 $ 2,407 $ 3,797 $ 6,403 Corporate and unallocated shared expenses (201) (188) (433) (425) Restructuring and impairment charges (see Note 15) (414) (145) (527) (295) Other income, net (1) 305 — 305 — Interest expense, net (320) (300) (644) (583) TFCF and Hulu acquisition amortization (2) (605) (723) (1,222) (1,423) Income from continuing operations before income taxes $ 1,230 $ 1,051 $ 1,276 $ 3,677 (1) For the quarter ended April 3, 2021, other income reflected a $305 million gain from an adjustment of our investment in DraftKings, Inc. to fair value (DraftKings Gain). For the six months ended April 3, 2021, other income reflected a $186 million gain from an adjustment of our investment in fuboTV Inc. to fair value, which was sold in January 2021 (fuboTV Gain), and a $119 million DraftKings Gain. (2) For the quarter ended April 3, 2021 amortization of intangible assets, step-up of film and television costs and intangibles related to TFCF equity investees were $447 million, $154 million and $4 million, respectively. For the six months ended April 3, 2021 amortization of intangible assets, step-up of film and television costs and intangibles related to TFCF equity investees were $894 million, $321 million and $7 million, respectively. For the quarter ended March 28, 2020 amortization of intangible assets, step-up of film and television costs and intangibles related to TFCF equity investees were $498 million, $217 million, and $8 million, respectively. For the six months ended March 28, 2020 amortization of intangible assets, step-up of film and television costs and intangibles related to TFCF equity investees were $984 million, $423 million and $16 million, respectively. Goodwill The changes in the carrying amount of goodwill for the six months ended April 3, 2021 are as follows: Media Disney Parks, Experiences and Products Studio Direct-to-Consumer & International Disney Total Balance at October 3, 2020 $ 33,991 $ 5,550 $ 17,795 $ 20,353 $ — $ 77,689 Segment recast (1) (33,991) — (17,795) (20,353) 72,139 — Currency translation adjustments and other, net — — — — 172 172 Balance at April 3, 2021 $ — $ 5,550 $ — $ — $ 72,311 $ 77,861 (1) Represents the reallocation of goodwill as a result of the Company recasting its segments.

Revenues

Revenues	6 Months Ended
	Apr. 03, 2021
Revenue from Contract with Customer [Abstract]
Revenue from Contract with Customer	RevenuesThe Company has revenue recognition policies for its various operating segments that are appropriate to the circumstances of each business. The following table presents our revenues by segment and major source: Quarter Ended April 3, 2021 Quarter Ended March 28, 2020 Disney Disney Parks, Experiences and Products Consolidated Disney Disney Parks, Experiences and Products Consolidated Affiliate fees $ 4,594 $ — $ 4,594 $ 4,529 $ — $ 4,529 Advertising 2,582 1 2,583 2,788 1 2,789 Subscription fees 3,000 — 3,000 1,796 — 1,796 Theme park admissions — 597 597 — 1,554 1,554 Resort and vacations — 514 514 — 1,377 1,377 Retail and wholesale sales of merchandise, food and beverage — 911 911 — 1,584 1,584 TV/SVOD distribution licensing 1,624 — 1,624 1,665 — 1,665 Theatrical distribution licensing 109 — 109 603 — 603 Merchandise licensing 5 791 796 8 708 716 Home entertainment 219 — 219 489 — 489 Other 307 359 666 487 436 923 $ 12,440 $ 3,173 $ 15,613 $ 12,365 $ 5,660 $ 18,025 x Six Months Ended April 3, 2021 Six Months Ended March 28, 2020 Disney Disney Parks, Experiences and Products Consolidated Disney Disney Parks, Experiences and Products Consolidated Affiliate fees $ 8,996 $ — $ 8,996 $ 8,969 $ — $ 8,969 Advertising 6,345 2 6,347 6,184 3 6,187 Subscription fees 5,546 — 5,546 3,122 — 3,122 Theme park admissions — 1,146 1,146 — 3,621 3,621 Resort and vacations — 946 946 — 3,008 3,008 Retail and wholesale sales of merchandise, food and beverage — 2,074 2,074 — 3,897 3,897 TV/SVOD distribution licensing 2,793 — 2,793 3,234 — 3,234 Theatrical distribution licensing 140 — 140 2,011 — 2,011 Merchandise licensing 10 1,881 1,891 16 1,756 1,772 Home entertainment 519 — 519 1,085 — 1,085 Other 752 712 1,464 1,041 955 1,996 $ 25,101 $ 6,761 $ 31,862 $ 25,662 $ 13,240 $ 38,902 The following table presents our revenues by segment and primary geographical markets: Quarter Ended April 3, 2021 Quarter Ended March 28, 2020 Disney Disney Parks, Experiences and Products Consolidated Disney Disney Parks, Experiences and Products Consolidated Americas $ 10,293 $ 2,414 $ 12,707 $ 9,962 $ 4,681 $ 14,643 Europe 1,219 267 1,486 1,338 546 1,884 Asia Pacific 928 492 1,420 1,065 433 1,498 Total revenues $ 12,440 $ 3,173 $ 15,613 $ 12,365 $ 5,660 $ 18,025 Six Months Ended April 3, 2021 Six Months Ended March 28, 2020 Disney Disney Parks, Experiences and Products Consolidated Disney Disney Parks, Experiences and Products Consolidated Americas $ 20,584 $ 4,870 $ 25,454 $ 20,379 $ 10,559 $ 30,938 Europe 2,512 754 3,266 2,901 1,479 4,380 Asia Pacific 2,005 1,137 3,142 2,382 1,202 3,584 Total revenues $ 25,101 $ 6,761 $ 31,862 $ 25,662 $ 13,240 $ 38,902 Revenues recognized in the current and prior-year periods from performance obligations satisfied (or partially satisfied) in previous reporting periods primarily relate to revenues earned on TV/SVOD and theatrical distribution licensee sales on titles made available to the licensee in previous reporting periods. For the quarter ended April 3, 2021, $0.4 billion was recognized related to performance obligations satisfied as of January 2, 2021. For the six months ended April 3, 2021, $0.7 billion was recognized related to performance obligations satisfied as of October 3, 2020. For the quarter ended March 28, 2020, $0.7 billion was recognized related to performance obligations satisfied as of December 28, 2019. For the six months ended March 28, 2020, $0.8 billion was recognized related to performance obligations satisfied as of September 28, 2019. As of April 3, 2021, revenue for unsatisfied performance obligations expected to be recognized in the future is $15 billion, which primarily relates to content to be delivered in the future under existing agreements with television station affiliates and TV/SVOD licensees. Of this amount, we expect to recognize approximately $4 billion in the remainder of fiscal 2021, $5 billion in fiscal 2022, $3 billion in fiscal 2023 and $3 billion thereafter. These amounts include only fixed consideration or minimum guarantees and do not include amounts related to (i) contracts with an original expected term of one year or less (such as most advertising contracts) or (ii) licenses of IP that are solely based on the sales of the licensee. When the timing of the Company’s revenue recognition is different from the timing of customer payments, the Company recognizes either a contract asset (customer payment is subsequent to revenue recognition and subject to the Company satisfying additional performance obligations) or deferred revenue (customer payment precedes the Company satisfying the performance obligations). Consideration due under contracts with payment in arrears is recognized as accounts receivable. Deferred revenues are recognized as (or when) the Company performs under the contract. Contract assets, accounts receivable and deferred revenues from contracts with customers are as follows: April 3, October 3, Contract assets $ 134 $ 70 Accounts receivable Current 11,087 11,340 Non-current 1,643 1,789 Allowance for credit losses (271) (460) Deferred revenues Current 3,995 3,688 Non-current 582 513 Contract assets primarily relate to certain multi-season TV/SVOD licensing contracts. Activity for the current and prior-year quarters related to contract assets was not material. The allowance for credit losses decreased from $460 million at October 3, 2020 to $271 million at April 3, 2021 primarily due to the adoption of new accounting guidance on the measurement of credit losses (see Note 16). For the quarter and six months ended April 3, 2021, the Company recognized revenues of $0.6 billion and $2.1 billion, respectively, primarily related to licensing and publishing advances and content sales included in the deferred revenue balance at October 3, 2020. For the quarter and six months ended March 28, 2020, the Company recognized revenues of $0.8 billion and $2.9 billion, respectively, primarily related to theme park admissions, vacation packages and licensing advances included in the deferred revenue balance at September 28, 2019. We evaluate our allowance for credit losses and estimate collectability of current and non-current accounts receivable based on historical bad debt experience, our assessment of the financial condition of individual companies with which we do business, current market conditions, and reasonable and supportable forecasts of future economic conditions. In times of economic turmoil, including COVID-19, our estimates and judgments with respect to the collectability of our receivables are subject to greater uncertainty than in more stable periods. The Company has accounts receivable with original maturities greater than one year related to the sale of film and television program rights and vacation club properties. These receivables are discounted to present value at contract inception and the related revenues are recognized at the discounted amount. The balance of film and television program sales receivables recorded in other non-current assets, net of an immaterial allowance for credit losses, was $1.1 billion as of April 3, 2021. The activity in the allowance for credit losses for the quarter and six-month period ended April 3, 2021 was not material.

Cash, Cash Equivalents, Restric

Cash, Cash Equivalents, Restricted Cash and Borrowings	6 Months Ended
	Apr. 03, 2021
Disclosure of Cash, Cash Equivalents, Restricted Cash and Borrowings	Cash, Cash Equivalents, Restricted Cash and Borrowings Cash, Cash Equivalents and Restricted Cash The following table provides a reconciliation of cash, cash equivalents and restricted cash reported in the Condensed Consolidated Balance Sheet to the total of the amounts reported in the Condensed Consolidated Statements of Cash Flows. April 3, October 3, Cash and cash equivalents $ 15,890 $ 17,914 Restricted cash included in: Other current assets 1 3 Other assets 41 37 Total cash, cash equivalents and restricted cash in the statement of cash flows $ 15,932 $ 17,954 Borrowings During the six months ended April 3, 2021, the Company’s borrowing activity was as follows: October 3, Borrowings Payments Other April 3, Commercial paper with original maturities greater than three months $ 2,023 $ 670 $ (757) $ 1 $ 1,937 U.S. dollar denominated notes (1) 52,736 — (1,663) (68) 51,005 Asia Theme Parks borrowings (2) 1,303 34 (84) 66 1,319 Foreign currency denominated debt and other (3) 2,566 3 (69) (615) 1,885 $ 58,628 $ 707 $ (2,573) $ (616) $ 56,146 (1) The other activity is primarily due to the amortization of purchase price adjustments on debt assumed in the TFCF acquisition and debt issuance fees. (2) The other activity is driven by the impact of changes in foreign currency exchange rates. (3) The other activity is due to market value adjustments for debt with qualifying hedges, partially offset by the impact of changes in foreign currency exchange rates. At April 3, 2021, the Company’s bank facilities, which are with a syndicate of lenders and support our commercial paper borrowings, were as follows: Committed Capacity Unused Facility expiring March 2022 $ 5,250 $ — $ 5,250 Facility expiring March 2023 4,000 — 4,000 Facility expiring March 2025 3,000 — 3,000 Total $ 12,250 $ — $ 12,250 The Company had a $5.25 billion bank facility that was scheduled to expire in March 2021 and a $5.0 billion facility that was scheduled to expire in April 2021. The facility expiring in March 2021 was refinanced with a new $5.25 billion bank facility maturing in March 2022. The facility expiring in April 2021 was terminated in the second quarter of fiscal 2021. The facilities expiring in March 2023 and March 2025 allow for borrowings at LIBOR-based rates plus a spread depending on the credit default swap spread applicable to the Company’s debt, or a fixed spread in the case of the facility expiring in March 2022, subject to a cap and floor that vary with the Company’s debt rating assigned by Moody’s Investors Service and Standard and Poor’s. The spread above LIBOR can range from 0.18% to 1.63%. The bank facilities specifically exclude certain entities, including the Asia Theme Parks, from any representations, covenants or events of default. The bank facilities contain only one financial covenant, which is interest coverage of three times earnings before interest, taxes, depreciation and amortization, including both intangible amortization and amortization of our film and television production and programming costs. On April 3, 2021 the financial covenant was met by a significant margin. The Company also has the ability to issue up to $500 million of letters of credit under the facility expiring in March 2023, which if utilized, reduces available borrowings under this facility. As of April 3, 2021, the Company has $1.3 billion of outstanding letters of credit, of which none were issued under this facility. Cruise Ship Credit Facilities The Company has credit facilities to finance up to 80% of the contract price of three new cruise ships, which are scheduled to be delivered in 2022, 2024 and 2025. Under the facilities, $1.0 billion in financing is available beginning in October 2021, $1.1 billion is available beginning in August 2023 and $1.1 billion is available beginning in August 2024. Each tranche of financing may be utilized for a period of 18 months from the initial availability date. If utilized, the interest rates will be fixed at 3.48%, 3.80% and 3.74%, respectively, and the loan and interest will be payable semi-annually over a 12-year period from the borrowing date. Early repayment is permitted subject to cancellation fees. Interest expense, net Interest expense (net of amounts capitalized), interest and investment income, and net periodic pension and postretirement benefit costs (other than service costs) (see Note 8) are reported net in the Condensed Consolidated Statements of Income and consist of the following: Quarter Ended Six Months Ended April 3, March 28, April 3, March 28, Interest expense $ (415) $ (365) $ (819) $ (727) Interest and investment income 131 63 243 139 Net periodic pension and postretirement benefit costs (other than service costs) (36) 2 (68) 5 Interest expense, net $ (320) $ (300) $ (644) $ (583) Interest and investment income includes gains and losses on publicly traded and non-public investments, investment impairments and interest earned on cash and cash equivalents and certain receivables.

International Theme Parks

International Theme Parks	6 Months Ended
	Apr. 03, 2021
Equity Method Investments and Joint Ventures [Abstract]
International Theme Parks	International Theme Parks The Company has a 48% ownership interest in the operations of Hong Kong Disneyland Resort and a 43% ownership interest in the operations of Shanghai Disney Resort. The Asia Theme Parks together with Disneyland Paris are collectively referred to as the International Theme Parks. The following table summarizes the carrying amounts of the Asia Theme Parks’ assets and liabilities included in the Company’s Condensed Consolidated Balance Sheet: April 3, October 3, 2020 Cash and cash equivalents $ 249 $ 372 Other current assets 111 91 Total current assets 360 463 Parks, resorts and other property 6,754 6,720 Other assets 183 191 Total assets $ 7,297 $ 7,374 Current liabilities $ 428 $ 486 Long-term borrowings 1,276 1,213 Other long-term liabilities 411 403 Total liabilities $ 2,115 $ 2,102 The following table summarizes the International Theme Parks’ revenues and costs and expenses included in the Company’s Condensed Consolidated Statements of Income for the six months ended April 3, 2021: Revenues $ 555 Costs and expenses (1,237) Equity in the loss of investees (17) Asia Theme Parks’ royalty and management fees of $42 million for the six months ended April 3, 2021 are eliminated in consolidation, but are considered in calculating earnings attributable to noncontrolling interests. International Theme Parks’ cash flows included in the Company’s Condensed Consolidated Statements of Cash Flows for the six months ended April 3, 2021 were $459 million used in operating activities, $355 million used in investing activities and $45 million used in financing activities. Hong Kong Disneyland Resort The Government of the Hong Kong Special Administrative Region (HKSAR) and the Company have a 52% and a 48% equity interest in Hong Kong Disneyland Resort, respectively. The Company and HKSAR have both provided loans to Hong Kong Disneyland Resort with outstanding balances of $148 million and $97 million, respectively. The interest rate is three month HIBOR plus 2%, and the maturity date is September 2025. The Company’s loan is eliminated in consolidation. The Company has provided Hong Kong Disneyland Resort with a revolving credit facility of HK $2.1 billion ($270 million), which bears interest at a rate of three month HIBOR plus 1.25% and matures in December 2023. The outstanding balance under the line of credit at April 3, 2021 was $89 million. Shanghai Disney Resort Shanghai Shendi (Group) Co., Ltd (Shendi) and the Company have 57% and 43% equity interests in Shanghai Disney Resort, respectively. A management company, in which the Company has a 70% interest and Shendi a 30% interest, operates Shanghai Disney Resort. The Company has provided Shanghai Disney Resort with loans totaling $876 million, bearing interest at rates up to 8% and maturing in 2036, with early repayment permitted. The Company has also provided Shanghai Disney Resort with a $157 million line of credit bearing interest at 8%. As of April 3, 2021, the total amount outstanding under the line of credit was $33 million. These balances are eliminated in consolidation. Shendi has provided Shanghai Disney Resort with loans totaling 7.7 billion yuan (approximately $1.2 billion), bearing interest at rates up to 8% and maturing in 2036, with early repayment permitted. Shendi has also provided Shanghai Disney Resort with a 1.4 billion yuan (approximately $0.2 billion) line of credit bearing interest at 8%. As of April 3, 2021 the total amount outstanding under the line of credit was 0.3 billion yuan (approximately $44 million).

Produced and Acquired_Licensed

Produced and Acquired/Licensed Content Costs and Advances	6 Months Ended
	Apr. 03, 2021
Other Industries [Abstract]
Produced and Acquired/Licensed Content Costs and Advances Disclosure	Produced and Acquired/Licensed Content Costs and Advances The Company classifies its capitalized produced and acquired/licensed content costs as long-term assets and generally classifies advances for live programming rights made prior to the live event as short-term assets. For purposes of amortization and impairment, the capitalized content costs are classified based on their predominant monetization strategy as follows: • Individual - lifetime value is predominantly derived from third-party revenues that are directly attributable to the specific film or television title (e.g. theatrical revenues or sales to third-party television programmers) • Group - lifetime value is predominantly derived from third-party revenues that are attributable only to a bundle of titles (e.g. subscription revenue for a DTC service or affiliate fees for a cable television network) Total capitalized produced and licensed content by predominant monetization strategy is as follows: As of April 3, 2021 As of October 3, 2020 Predominantly Monetized Individually Predominantly Monetized as a Group Total Predominantly Monetized Individually Predominantly Monetized as a Group Total Produced content Theatrical film costs Released, less amortization $ 2,811 $ 2,657 $ 5,468 $ 3,000 $ 2,601 $ 5,601 Completed, not released 1,224 10 1,234 522 210 732 In-process 3,144 679 3,823 3,322 259 3,581 In development or pre-production 229 11 240 262 16 278 $ 7,408 $ 3,357 10,765 $ 7,106 $ 3,086 10,192 Television costs Released, less amortization $ 1,874 $ 6,060 $ 7,934 $ 2,090 $ 5,584 $ 7,674 Completed, not released 214 733 947 33 510 543 In-process 207 2,843 3,050 263 1,831 2,094 In development or pre-production 2 207 209 6 87 93 $ 2,297 $ 9,843 12,140 $ 2,392 $ 8,012 10,404 Licensed content - Television programming rights and advances 6,157 6,597 Total produced and licensed content $ 29,062 $ 27,193 Current portion $ 2,204 $ 2,171 Non-current portion $ 26,858 $ 25,022 Amortization of produced and licensed content is as follows: Quarter Ended April 3, 2021 Quarter Ended March 28, 2020 Predominantly Predominantly Total Predominantly Predominantly Total Theatrical film costs $ 352 $ 270 $ 622 $ 499 $ 232 $ 731 Television costs 406 971 1,377 726 940 1,666 Total produced content costs $ 758 $ 1,241 1,999 $ 1,225 $ 1,172 2,397 Television programming rights and advances 2,223 2,709 Total produced and licensed content costs (1) $ 4,222 $ 5,106 Six Months Ended April 3, 2021 Six Months Ended March 28, 2020 Predominantly Predominantly Total Predominantly Predominantly Total Theatrical film costs $ 649 $ 510 $ 1,159 $ 1,025 $ 543 $ 1,568 Television costs 721 1,929 2,650 1,480 1,867 3,347 Total produced content costs $ 1,370 $ 2,439 3,809 $ 2,505 $ 2,410 4,915 Television programming rights and advances 6,762 6,440 Total produced and licensed content costs (1) $ 10,571 $ 11,355 (1) Primarily included in “Costs of services” in the Condensed Consolidated Statements of Income.

Income Taxes Income Tax

Income Taxes Income Tax	6 Months Ended
	Apr. 03, 2021
Income Tax Disclosure [Abstract]
Income Tax Disclosure [Text Block]	Income Taxes Interim Period Tax Expense Because of the uncertainties associated with the impact of COVID-19 on our projections of full-year pre-tax earnings and income tax expense, as well as the projected impact of permanent tax differences and other items that are generally not proportional to full-year earnings (“Permanent Differences”), our normal approach of using an estimated full-year effective income tax rate to determine interim period tax expense produces an income tax provision for the current year-to-date period that is not meaningful. Accordingly, we calculated year-to-date fiscal 2021 tax expense based on year-to-date earnings before tax and using a blended U.S. Federal and state statutory tax rate of approximately 23%, and adjusted for the estimated impact of Permanent Differences. Unrecognized Tax Benefits The change in the Company’s gross unrecognized tax benefits for the six months ended April 3, 2021 was not material. In the next twelve months, it is reasonably possible that our unrecognized tax benefits could change due to resolutions of open tax matters, which would reduce our unrecognized tax benefits by $0.5 billion.

Pension and Other Benefit Progr

Pension and Other Benefit Programs	6 Months Ended
	Apr. 03, 2021
Retirement Benefits [Abstract]
Pension and Other Benefit Programs	Pension and Other Benefit Programs The components of net periodic benefit cost are as follows: Pension Plans Postretirement Medical Plans Quarter Ended Six Months Ended Quarter Ended Six Months Ended April 3, March 28, April 3, 2021 March 28, 2020 April 3, 2021 March 28, 2020 April 3, 2021 March 28, 2020 Service costs $ 109 $ 102 $ 217 $ 205 $ 2 $ 2 $ 5 $ 5 Other costs (benefits): Interest costs 115 133 229 266 11 14 23 28 Expected return on plan assets (274) (273) (549) (546) (13) (15) (27) (29) Amortization of previously deferred service costs 4 4 6 7 — — — — Recognized net actuarial loss 185 131 371 262 8 4 15 7 Total other costs (benefits) 30 (5) 57 (11) 6 3 11 6 Net periodic benefit cost $ 139 $ 97 $ 274 $ 194 $ 8 $ 5 $ 16 $ 11 During the six months ended April 3, 2021, the Company did not make any material contributions to its pension and postretirement medical plans. The Company currently expects to make approximately $0.5 billion to $0.6 billion in pension and postretirement medical plan contributions in fiscal 2021. Final minimum funding requirements for fiscal 2021 will be determined based on a January 1, 2021 funding actuarial valuation, which is expected to be received during the fourth quarter of fiscal 2021.

Earnings Per Share

Earnings Per Share	6 Months Ended
	Apr. 03, 2021
Earnings Per Share [Abstract]
Earnings Per Share	Earnings Per Share Diluted earnings per share amounts are based upon the weighted average number of common and common equivalent shares outstanding during the period and are calculated using the treasury stock method for equity-based compensation awards (Awards). A reconciliation of the weighted average number of common and common equivalent shares outstanding and the number of Awards excluded from the diluted earnings per share calculation, as they were anti-dilutive, are as follows: Quarter Ended Six Months Ended April 3, March 28, April 3, March 28, Shares (in millions): Weighted average number of common and common equivalent shares outstanding (basic) 1,817 1,808 1,814 1,806 Weighted average dilutive impact of Awards 12 8 12 10 Weighted average number of common and common equivalent shares outstanding (diluted) 1,829 1,816 1,826 1,816 Awards excluded from diluted earnings per share 3 9 5 9

Equity

Equity	6 Months Ended
	Apr. 03, 2021
Equity [Abstract]
Equity	Equity The Company paid the following dividend in fiscal 2020: Per Share Total Paid Payment Timing Related to Fiscal Period $0.88 $1.6 billion Second Quarter of Fiscal 2020 Second Half 2019 The Company did not pay a dividend with respect to fiscal year 2020 operations. There have been no dividends declared or paid with respect to fiscal 2021 operations. The following tables summarize the changes in each component of accumulated other comprehensive income (loss) (AOCI) including our proportional share of equity method investee amounts: Market Value Adjustments (1) Unrecognized Foreign AOCI AOCI, before tax Second quarter of fiscal 2021 Balance at January 2, 2021 $ (419) $ (9,227) $ (877) $ (10,523) Quarter Ended April 3, 2021: Unrealized gains (losses) arising during the period 131 55 (84) 102 Reclassifications of realized net (gains) losses to net income 5 194 — 199 Balance at April 3, 2021 $ (283) $ (8,978) $ (961) $ (10,222) Second quarter of fiscal 2020 Balance at December 28, 2019 $ (12) $ (7,363) $ (1,004) $ (8,379) Quarter Ended March 28, 2020: Unrealized gains (losses) arising during the period 212 (43) (364) (195) Reclassifications of realized net (gains) losses to net income (42) 138 — 96 Balance at March 28, 2020 $ 158 $ (7,268) $ (1,368) $ (8,478) Six months ended fiscal 2021 Balance at October 3, 2020 $ (191) $ (9,423) $ (1,088) $ (10,702) Six Months Ended April 3, 2021: Unrealized gains (losses) arising during the period (54) 57 127 130 Reclassifications of realized net (gains) losses to net income (38) 388 — 350 Balance at April 3, 2021 $ (283) $ (8,978) $ (961) $ (10,222) Six months ended fiscal 2020 Balance at September 28, 2019 $ 129 $ (7,502) $ (1,086) $ (8,459) Six Months Ended March 28, 2020: Unrealized gains (losses) arising during the period 131 (43) (282) (194) Reclassifications of realized net (gains) losses to net income (102) 277 — 175 Balance at March 28, 2020 $ 158 $ (7,268) $ (1,368) $ (8,478) Market Value Adjustments (1) Unrecognized Foreign AOCI Tax on AOCI Second quarter of fiscal 2021 Balance at January 2, 2021 $ 95 $ 2,155 $ 132 $ 2,382 Quarter Ended April 3, 2021: Unrealized gains (losses) arising during the period (24) (13) 6 (31) Reclassifications of realized net (gains) losses to net income (2) (45) — (47) Balance at April 3, 2021 $ 69 $ 2,097 $ 138 $ 2,304 Second quarter of fiscal 2020 Balance at December 28, 2019 $ 5 $ 1,724 $ 117 $ 1,846 Quarter Ended March 28, 2020: Unrealized gains (losses) arising during the period (51) 10 58 17 Reclassifications of realized net (gains) losses to net income 10 (32) — (22) Balance at March 28, 2020 $ (36) $ 1,702 $ 175 $ 1,841 Six months ended fiscal 2021 Balance at October 3, 2020 $ 40 $ 2,201 $ 139 $ 2,380 Six Months Ended April 3, 2021: Unrealized gains (losses) arising during the period 22 (14) (1) 7 Reclassifications of realized net (gains) losses to net income 7 (90) — (83) Balance at April 3, 2021 $ 69 $ 2,097 $ 138 $ 2,304 Six months ended fiscal 2020 Balance at September 28, 2019 $ (29) $ 1,756 $ 115 $ 1,842 Six Months Ended March 28, 2020: Unrealized gains (losses) arising during the period (31) 10 60 39 Reclassifications of realized net (gains) losses to net income 24 (64) — (40) Balance at March 28, 2020 $ (36) $ 1,702 $ 175 $ 1,841 Market Value Adjustments (1) Unrecognized Foreign AOCI AOCI, after tax Second quarter of fiscal 2021 Balance at January 2, 2021 $ (324) $ (7,072) $ (745) $ (8,141) Quarter Ended April 3, 2021: Unrealized gains (losses) arising during the period 107 42 (78) 71 Reclassifications of realized net (gains) losses to net income 3 149 — 152 Balance at April 3, 2021 $ (214) $ (6,881) $ (823) $ (7,918) Second quarter of fiscal 2020 Balance at December 28, 2019 $ (7) $ (5,639) $ (887) $ (6,533) Quarter Ended March 28, 2020: Unrealized gains (losses) arising during the period 161 (33) (306) (178) Reclassifications of realized net (gains) losses to net income (32) 106 — 74 Balance at March 28, 2020 $ 122 $ (5,566) $ (1,193) $ (6,637) Six months ended fiscal 2021 Balance at October 3, 2020 $ (151) $ (7,222) $ (949) $ (8,322) Six Months Ended April 3, 2021: Unrealized gains (losses) arising during the period (32) 43 126 137 Reclassifications of realized net (gains) losses to net income (31) 298 — 267 Balance at April 3, 2021 $ (214) $ (6,881) $ (823) $ (7,918) Six months ended fiscal 2020 Balance at September 28, 2019 $ 100 $ (5,746) $ (971) $ (6,617) Six Months Ended March 28, 2020: Unrealized gains (losses) arising during the period 100 (33) (222) (155) Reclassifications of realized net (gains) losses to net income (78) 213 — 135 Balance at March 28, 2020 $ 122 $ (5,566) $ (1,193) $ (6,637) (1) Primarily reflects market value adjustments for cash flow hedges. Details about AOCI components reclassified to net income are as follows: Gain (loss) in net income: Affected line item in the Quarter Ended Six Months Ended April 3, March 28, April 3, March 28, Market value adjustments, primarily cash flow hedges Primarily revenue $ (5) $ 42 $ 38 $ 102 Estimated tax Income taxes 2 (10) (7) (24) (3) 32 31 78 Pension and postretirement medical expense Interest expense, net (194) (138) (388) (277) Estimated tax Income taxes 45 32 90 64 (149) (106) (298) (213) Total reclassifications for the period $ (152) $ (74) $ (267) $ (135)

Equity-Based Compensation

Equity-Based Compensation	6 Months Ended
	Apr. 03, 2021
Share-based Payment Arrangement [Abstract]
Equity-Based Compensation	Equity-Based Compensation Compensation expense related to stock options and restricted stock units (RSUs) is as follows: Quarter Ended Six Months Ended April 3, March 28, April 3, March 28, Stock options $ 23 $ 28 $ 48 $ 49 RSUs 113 103 222 197 Total equity-based compensation expense (1) $ 136 $ 131 $ 270 $ 246 Equity-based compensation expense capitalized during the period $ 22 $ 21 $ 56 $ 45 (1) Equity-based compensation expense is net of capitalized equity-based compensation and estimated forfeitures and excludes amortization of previously capitalized equity-based compensation costs. Unrecognized compensation cost related to unvested stock options and RSUs was $155 million and $1,261 million, respectively, as of April 3, 2021. The weighted average grant date fair values of options granted during the six months ended April 3, 2021 and March 28, 2020 were $58.41 and $36.22, respectively. During the six months ended April 3, 2021, the Company made equity compensation grants consisting of 1.4 million stock options and 4.4 million RSUs.

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Apr. 03, 2021
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Legal Matters The Company, together with, in some instances, certain of its directors and officers, is a defendant in various legal actions involving copyright, breach of contract and various other claims incident to the conduct of its businesses. Management does not believe that the Company has incurred a probable material loss by reason of any of those actions. Contractual Guarantees The Company has guaranteed bond issuances by the Anaheim Public Authority that were used by the City of Anaheim to finance construction of infrastructure and a public parking facility adjacent to the Disneyland Resort. Revenues from sales, occupancy and property taxes from the Disneyland Resort and non-Disney hotels are used by the City of Anaheim to repay the bonds, which mature in 2037. In the event of a debt service shortfall, the Company will be responsible to fund the shortfall. As of April 3, 2021, the remaining debt service obligation guaranteed by the Company was $226 million. To the extent that tax revenues exceed the debt service payments subsequent to the Company funding a shortfall, the Company would be reimbursed for any previously funded shortfalls. To date, tax revenues have exceeded the debt service payments for these bonds. Multi-year Sports Rights Commitments In fiscal year 2021, we entered into new multi-year sports rights commitments for approximately $36 billion, which primarily reflects a new agreement with the National Football League and to a lesser extent, the National Hockey League, Major League Baseball and various other rights. Payments for these commitments are not material in fiscal 2021. Payments in fiscal 2022, fiscal 2023, fiscal 2024 and fiscal 2025 are approximately $2.5 billion, $4.1 billion, $3.7 billion and $3.7 billion, respectively.

Fair Value Measurements

Fair Value Measurements	6 Months Ended
	Apr. 03, 2021
Fair Value Disclosures [Abstract]
Fair Value Measurements	Fair Value Measurements Fair value is defined as the amount that would be received for selling an asset or paid to transfer a liability in an orderly transaction between market participants and is generally classified in one of the following categories: Level 1 - Quoted prices for identical instruments in active markets Level 2 - Quoted prices for similar instruments in active markets; quoted prices for identical or similar instruments in markets that are not active; and model-derived valuations in which all significant inputs and significant value drivers are observable in active markets Level 3 - Valuations derived from valuation techniques in which one or more significant inputs or significant value drivers are unobservable The Company’s assets and liabilities measured at fair value are summarized in the following tables by fair value measurement Level: Fair Value Measurement at April 3, 2021 Level 1 Level 2 Level 3 Total Assets Investments $ 1,184 $ — $ — $ 1,184 Derivatives Interest rate — 202 — 202 Foreign exchange — 651 — 651 Other — 10 — 10 Liabilities Derivatives Interest rate — (421) — (421) Foreign exchange — (620) — (620) Other — (1) — (1) Other — (351) — (351) Total recorded at fair value $ 1,184 $ (530) $ — $ 654 Fair value of borrowings $ — $ 59,729 $ 1,398 $ 61,127 Fair Value Measurement at October 3, 2020 Level 1 Level 2 Level 3 Total Assets Investments $ — $ 1,057 $ — $ 1,057 Derivatives Interest rate — 515 — 515 Foreign exchange — 505 — 505 Other — 1 — 1 Liabilities Derivatives Interest rate — (4) — (4) Foreign exchange — (549) — (549) Other — (22) — (22) Other — (294) — (294) Total recorded at fair value $ — $ 1,209 $ — $ 1,209 Fair value of borrowings $ — $ 63,370 $ 1,448 $ 64,818 The fair values of Level 2 investments are based on quoted market prices, adjusted for trading restrictions. The fair values of Level 2 derivatives are primarily determined by internal discounted cash flow models that use observable inputs such as interest rates, yield curves and foreign currency exchange rates. Counterparty credit risk, which is mitigated by master netting agreements and collateral posting arrangements with certain counterparties, did not have a material impact on derivative fair value estimates. Level 2 other liabilities are primarily arrangements that are valued based on the fair value of underlying investments, which are generally measured using Level 1 and Level 2 fair value techniques. Level 2 borrowings, which include commercial paper, U.S. dollar denominated notes and certain foreign currency denominated borrowings, are valued based on quoted prices for similar instruments in active markets or identical instruments in markets that are not active. Level 3 borrowings include the Asia Theme Park borrowings, which are valued based on the current borrowing cost and credit risk of the Asia Theme Parks as well as prevailing market interest rates. The Company’s financial instruments also include cash, cash equivalents, receivables and accounts payable. The carrying values of these financial instruments approximate the fair values.

Derivative Instruments

Derivative Instruments	6 Months Ended
	Apr. 03, 2021
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Instruments	Derivative InstrumentsThe Company manages its exposure to various risks relating to its ongoing business operations according to a risk management policy. The primary risks managed with derivative instruments are interest rate risk and foreign exchange risk. The Company’s derivative positions measured at fair value are summarized in the following tables: As of April 3, 2021 Current Other Assets Other Current Liabilities Other Long- Derivatives designated as hedges Foreign exchange $ 186 $ 219 $ (168) $ (118) Interest rate — 202 (421) — Other 6 2 (1) — Derivatives not designated as hedges Foreign exchange 155 91 (151) (183) Interest rate — — — — Other 2 — — — Gross fair value of derivatives 349 514 (741) (301) Counterparty netting (295) (381) 467 209 Cash collateral (received) paid (1) (61) 237 78 Net derivative positions $ 53 $ 72 $ (37) $ (14) As of October 3, 2020 Current Other Assets Other Current Liabilities Other Long- Derivatives designated as hedges Foreign exchange $ 184 $ 132 $ (77) $ (273) Interest rate — 515 (4) — Other 1 — (15) (4) Derivatives not designated as hedges Foreign exchange 53 136 (98) (101) Interest rate — — — — Other — — (3) — Gross fair value of derivatives 238 783 (197) (378) Counterparty netting (143) (378) 184 338 Cash collateral (received) paid (26) (142) — 9 Net derivative positions $ 69 $ 263 $ (13) $ (31) Interest Rate Risk Management The Company is exposed to the impact of interest rate changes primarily through its borrowing activities. The Company’s objective is to mitigate the impact of interest rate changes on earnings and cash flows and on the market value of its borrowings. In accordance with its policy, the Company targets its fixed-rate debt as a percentage of its net debt between a minimum and maximum percentage. The Company primarily uses pay-floating and pay-fixed interest rate swaps to facilitate its interest rate risk management activities. The Company designates pay-floating interest rate swaps as fair value hedges of fixed-rate borrowings effectively converting fixed-rate borrowings to variable rate borrowings indexed to LIBOR. As of April 3, 2021 and October 3, 2020, the total notional amount of the Company’s pay-floating interest rate swaps was $15.2 billion and $15.8 billion, respectively. The following table summarizes fair value hedge adjustments to hedged borrowings: Carrying Amount of Hedged Borrowings Fair Value Adjustments Included April 3, October 3, 2020 April 3, October 3, 2020 Borrowings: Current $ — $ 753 $ — $ 4 Long-term 15,628 16,229 (217) 505 $ 15,628 $ 16,982 $ (217) $ 509 The following amounts are included in “Interest expense, net” in the Condensed Consolidated Statements of Income: Quarter Ended Six Months Ended April 3, March 28, April 3, March 28, Gain (loss) on: Pay-floating swaps $ (577) $ 542 $ (724) $ 429 Borrowings hedged with pay-floating swaps 577 (542) 724 (429) Benefit (expense) associated with interest accruals on pay-floating swaps 36 (7) 71 (19) The Company may designate pay-fixed interest rate swaps as cash flow hedges of interest payments on floating-rate borrowings. Pay-fixed swaps effectively convert floating-rate borrowings to fixed-rate borrowings. The unrealized gains or losses from these cash flow hedges are deferred in AOCI and recognized in interest expense as the interest payments occur. The Company did not have pay-fixed interest rate swaps that were designated as cash flow hedges of interest payments at April 3, 2021 or at October 3, 2020, and gains and losses related to pay-fixed swaps recognized in earnings for the quarter ended April 3, 2021 and March 28, 2020 were not material. Foreign Exchange Risk Management The Company transacts business globally and is subject to risks associated with changing foreign currency exchange rates. The Company’s objective is to reduce earnings and cash flow fluctuations associated with foreign currency exchange rate changes, enabling management to focus on core business issues and challenges. The Company enters into option and forward contracts that change in value as foreign currency exchange rates change to protect the value of its existing foreign currency assets, liabilities, firm commitments and forecasted but not firmly committed foreign currency transactions. In accordance with policy, the Company hedges its forecasted foreign currency transactions for periods generally not to exceed four years within an established minimum and maximum range of annual exposure. The gains and losses on these contracts offset changes in the U.S. dollar equivalent value of the related forecasted transaction, asset, liability or firm commitment. The principal currencies hedged are the euro, Japanese yen, British pound, Chinese yuan and Canadian dollar. Cross-currency swaps are used to effectively convert foreign currency denominated borrowings into U.S. dollar denominated borrowings. The Company designates foreign exchange forward and option contracts as cash flow hedges of firmly committed and forecasted foreign currency transactions. As of April 3, 2021 and October 3, 2020, the notional amounts of the Company’s net foreign exchange cash flow hedges were $4.7 billion and $4.6 billion, respectively. Mark-to-market gains and losses on these contracts are deferred in AOCI and are recognized in earnings when the hedged transactions occur, offsetting changes in the value of the foreign currency transactions. Net deferred gains recorded in AOCI for contracts that will mature in the next twelve months total $9 million. The following table summarizes the effect of foreign exchange cash flow hedges on AOCI: Quarter Ended Six Months Ended April 3, March 28, April 3, March 28, Gain (loss) recognized in Other Comprehensive Income $ 92 $ 234 $ (59) $ 149 Gain (loss) reclassified from AOCI into the Statements of Income (1) (4) 43 40 103 (1) Primarily recorded in revenue. The Company designates cross currency swaps as fair value hedges of foreign currency denominated borrowings. The impact of the designated exposure is recorded to “Interest expense, net” to offset the foreign currency impact of the foreign currency denominated borrowing. The non-hedged exposure is recorded to AOCI and is amortized over the life of the cross currency swap. As of April 3, 2021 and October 3, 2020, the total notional amounts of the Company’s designated cross currency swaps were Canadian $1.3 billion ($1.0 billion) and Canadian $1.3 billion ($1.0 billion), respectively. The following amounts are included in “Interest expense, net” in the Condensed Consolidated Statements of Income: Quarter Ended Six Months Ended April 3, March 28, April 3, March 28, Gain (loss) on: Cross currency swaps $ 14 $ — $ 56 $ — Borrowings hedged with cross currency swaps (14) — (56) — Foreign exchange risk management contracts with respect to foreign currency denominated assets and liabilities are not designated as hedges and do not qualify for hedge accounting. The notional amounts of these foreign exchange contracts at April 3, 2021 and October 3, 2020 were $4.2 billion and $3.5 billion, respectively. The following table summarizes the net foreign exchange gains or losses recognized on foreign currency denominated assets and liabilities and the net foreign exchange gains or losses on the foreign exchange contracts we entered into to mitigate our exposure with respect to foreign currency denominated assets and liabilities by the corresponding line item in which they are recorded in the Condensed Consolidated Statements of Income: Costs and Expenses Interest expense, net Income Tax Expense Quarter Ended: April 3, March 28, April 3, March 28, April 3, March 28, Net gains (losses) on foreign currency denominated assets and liabilities $ (97) $ (241) $ (14) $ 64 $ 25 $ 8 Net gains (losses) on foreign exchange risk management contracts not designated as hedges 91 239 12 (62) (20) (20) Net gains (losses) $ (6) $ (2) $ (2) $ 2 $ 5 $ (12) Six Months Ended: Net gains (losses) on foreign currency denominated assets and liabilities $ 61 $ (172) $ (55) $ 52 $ (34) $ (7) Net gains (losses) on foreign exchange risk management contracts not designated as hedges (96) 159 55 (52) 30 (3) Net gains (losses) $ (35) $ (13) $ — $ — $ (4) $ (10) Commodity Price Risk Management The Company is subject to the volatility of commodities prices and the Company designates certain commodity forward contracts as cash flow hedges of forecasted commodity purchases. Mark-to-market gains and losses on these contracts are deferred in AOCI and are recognized in earnings when the hedged transactions occur, offsetting changes in the value of commodity purchases. The notional amount of these commodities contracts at April 3, 2021 and October 3, 2020 and related gains or losses recognized in earnings for the quarter and six months ended April 3, 2021 and March 28, 2020 were not material. Risk Management – Other Derivatives Not Designated as Hedges The Company enters into certain other risk management contracts that are not designated as hedges and do not qualify for hedge accounting. These contracts, which include certain total return swap contracts, are intended to offset economic exposures of the Company and are carried at market value with any changes in value recorded in earnings. The notional amounts of these contracts at April 3, 2021 and October 3, 2020 were $0.3 billion. The related gains or losses recognized in earnings for the quarter and six months ended April 3, 2021 and March 28, 2020 were not material. Contingent Features and Cash Collateral The Company has master netting arrangements by counterparty with respect to certain derivative financial instrument contracts. The Company may be required to post collateral in the event that a net liability position with a counterparty exceeds limits defined by contract and that vary with the Company’s credit rating. In addition, these contracts may require a counterparty to post collateral to the Company in the event that a net receivable position with a counterparty exceeds limits defined by contract and that vary with the counterparty’s credit rating. If the Company’s or the counterparty’s credit ratings were to fall below investment grade, such counterparties or the Company would also have the right to terminate our derivative contracts, which could lead to a net payment to or from the Company for the aggregate net value by counterparty of our derivative contracts. The aggregate fair values of derivative instruments with credit-risk-related contingent features in a net liability position by counterparty were $366 million and $53 million on April 3, 2021 and October 3, 2020, respectively.

Restructuring and Impairment Ch

Restructuring and Impairment Charges	6 Months Ended
	Apr. 03, 2021
Restructuring and Related Activities [Abstract]
Restructuring and Related Activities Disclosure	Restructuring and Impairment Charges TFCF Integration In fiscal 2019, the Company implemented a restructuring and integration plan as a part of its initiative to realize cost synergies from the acquisition of TFCF. The restructuring plan was substantially complete as of the end of fiscal 2020. We have recorded restructuring charges of $1.7 billion, including $1.3 billion related to severance (including employee contract terminations) in connection with the plan and $0.3 billion of equity based compensation costs, primarily for TFCF awards that were accelerated to vest upon the closing of the TFCF acquisition. These charges are recorded in “Restructuring and impairment charges” in the Condensed Consolidated Statements of Income. Other The Company recorded approximately $0.4 billion of restructuring and impairment charges during the quarter ended April 3, 2021, primarily related to the planned closure of an animation studio and a substantial number of our Disney-branded retail stores as well as severance at our parks and resorts businesses. These charges are recorded in “Restructuring and impairment charges” in the Condensed Consolidated Statements of Income.

New Accounting Pronouncements

New Accounting Pronouncements	6 Months Ended
	Apr. 03, 2021
Accounting Standards Update and Change in Accounting Principle [Abstract]
New Accounting Pronouncements	New Accounting Pronouncements Accounting Pronouncements Adopted in Fiscal 2021 Measurement of Credit Losses on Financial Instruments In June 2016, the FASB issued new accounting guidance which modifies existing guidance related to the measurement of credit losses on financial instruments, including trade and loan receivables. The new guidance requires the allowance for credit losses to be measured based on expected losses over the life of the asset rather than incurred losses. The Company adopted the new guidance in the first quarter of fiscal 2021 without restating prior periods by recording the impact of adoption as an adjustment to retained earnings at the beginning of fiscal 2021. The adoption did not have a material impact on our financial statements. Accounting Pronouncements Not Yet Adopted Facilitation of the Effects of Reference Rate Reform In March 2020, the FASB issued guidance which provides optional expedients and exceptions for applying current GAAP to contracts, hedging relationships, and other transactions affected by the transition from the use of LIBOR to an alternative reference rate. We are currently evaluating our contracts and hedging relationships that reference LIBOR and the potential effects of adopting this new guidance. The guidance can be adopted immediately and is applicable to contracts entered into before January 1, 2023. Simplifying the Accounting for Income Taxes In December 2019, the FASB issued guidance which simplifies the accounting for income taxes. The guidance amends the rules for recognizing deferred taxes for investments, performing intraperiod tax allocations and calculating income taxes in interim periods. It also reduces complexity in certain areas, including the accounting for transactions that result in a step-up in the tax basis of goodwill and allocating taxes to members of a consolidated group. The guidance is effective at the beginning of the Company’s 2022 fiscal year (with early adoption permitted). We currently do not expect the new guidance will have a material impact on our financial statements.

Segment Information (Tables)

Segment Information (Tables)	6 Months Ended
	Apr. 03, 2021
Financial Information by Operating Segments	Segment revenues and segment operating income are as follows: Quarter Ended Six Months Ended April 3, March 28, April 3, March 28, Revenues: Disney Media and Entertainment Distribution $ 12,440 $ 12,365 $ 25,101 $ 25,662 Disney Parks, Experiences and Products 3,173 5,660 6,761 13,240 $ 15,613 $ 18,025 $ 31,862 $ 38,902 Segment operating income (loss): Disney Media and Entertainment Distribution $ 2,871 $ 1,651 $ 4,322 $ 3,125 Disney Parks, Experiences and Products (406) 756 (525) 3,278 $ 2,465 $ 2,407 $ 3,797 $ 6,403
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 April 3, March 28, April 3, March 28, Disney Media and Entertainment Distribution $ 226 $ 149 $ 461 $ 384 Disney Parks, Experiences and Products (9) (6) (17) (9) Equity in the income of investees included in segment operating income 217 143 444 375 Amortization of TFCF intangible assets related to equity investees (4) (8) (7) (16) Equity in the income of investees, net $ 213 $ 135 $ 437 $ 359
Reconciliation of Segment Operating Income to Income before Income Taxes	A reconciliation of segment operating income to income from continuing operations before income taxes is as follows: Quarter Ended Six Months Ended April 3, March 28, April 3, March 28, Segment operating income $ 2,465 $ 2,407 $ 3,797 $ 6,403 Corporate and unallocated shared expenses (201) (188) (433) (425) Restructuring and impairment charges (see Note 15) (414) (145) (527) (295) Other income, net (1) 305 — 305 — Interest expense, net (320) (300) (644) (583) TFCF and Hulu acquisition amortization (2) (605) (723) (1,222) (1,423) Income from continuing operations before income taxes $ 1,230 $ 1,051 $ 1,276 $ 3,677 (1) For the quarter ended April 3, 2021, other income reflected a $305 million gain from an adjustment of our investment in DraftKings, Inc. to fair value (DraftKings Gain). For the six months ended April 3, 2021, other income reflected a $186 million gain from an adjustment of our investment in fuboTV Inc. to fair value, which was sold in January 2021 (fuboTV Gain), and a $119 million DraftKings Gain. (2) For the quarter ended April 3, 2021 amortization of intangible assets, step-up of film and television costs and intangibles related to TFCF equity investees were $447 million, $154 million and $4 million, respectively. For the six months ended April 3, 2021 amortization of intangible assets, step-up of film and television costs and intangibles related to TFCF equity investees were $894 million, $321 million and $7 million, respectively. For the quarter ended March 28, 2020 amortization of intangible assets, step-up of film and television costs and intangibles related to TFCF equity investees were $498 million, $217 million, and $8 million, respectively. For the six months ended March 28, 2020 amortization of intangible assets, step-up of film and television costs and intangibles related to TFCF equity investees were $984 million, $423 million and $16 million, respectively.
Schedule of Goodwill	The changes in the carrying amount of goodwill for the six months ended April 3, 2021 are as follows: Media Disney Parks, Experiences and Products Studio Direct-to-Consumer & International Disney Total Balance at October 3, 2020 $ 33,991 $ 5,550 $ 17,795 $ 20,353 $ — $ 77,689 Segment recast (1) (33,991) — (17,795) (20,353) 72,139 — Currency translation adjustments and other, net — — — — 172 172 Balance at April 3, 2021 $ — $ 5,550 $ — $ — $ 72,311 $ 77,861 (1) Represents the reallocation of goodwill as a result of the Company recasting its segments.

Revenues (Tables)

Revenues (Tables)	6 Months Ended
	Apr. 03, 2021
Revenue from Contract with Customer [Abstract]
Disaggregation of Revenue by Major Source	The following table presents our revenues by segment and major source: Quarter Ended April 3, 2021 Quarter Ended March 28, 2020 Disney Disney Parks, Experiences and Products Consolidated Disney Disney Parks, Experiences and Products Consolidated Affiliate fees $ 4,594 $ — $ 4,594 $ 4,529 $ — $ 4,529 Advertising 2,582 1 2,583 2,788 1 2,789 Subscription fees 3,000 — 3,000 1,796 — 1,796 Theme park admissions — 597 597 — 1,554 1,554 Resort and vacations — 514 514 — 1,377 1,377 Retail and wholesale sales of merchandise, food and beverage — 911 911 — 1,584 1,584 TV/SVOD distribution licensing 1,624 — 1,624 1,665 — 1,665 Theatrical distribution licensing 109 — 109 603 — 603 Merchandise licensing 5 791 796 8 708 716 Home entertainment 219 — 219 489 — 489 Other 307 359 666 487 436 923 $ 12,440 $ 3,173 $ 15,613 $ 12,365 $ 5,660 $ 18,025 x Six Months Ended April 3, 2021 Six Months Ended March 28, 2020 Disney Disney Parks, Experiences and Products Consolidated Disney Disney Parks, Experiences and Products Consolidated Affiliate fees $ 8,996 $ — $ 8,996 $ 8,969 $ — $ 8,969 Advertising 6,345 2 6,347 6,184 3 6,187 Subscription fees 5,546 — 5,546 3,122 — 3,122 Theme park admissions — 1,146 1,146 — 3,621 3,621 Resort and vacations — 946 946 — 3,008 3,008 Retail and wholesale sales of merchandise, food and beverage — 2,074 2,074 — 3,897 3,897 TV/SVOD distribution licensing 2,793 — 2,793 3,234 — 3,234 Theatrical distribution licensing 140 — 140 2,011 — 2,011 Merchandise licensing 10 1,881 1,891 16 1,756 1,772 Home entertainment 519 — 519 1,085 — 1,085 Other 752 712 1,464 1,041 955 1,996 $ 25,101 $ 6,761 $ 31,862 $ 25,662 $ 13,240 $ 38,902
Disaggregation of Revenue by Geographical Markets	The following table presents our revenues by segment and primary geographical markets: Quarter Ended April 3, 2021 Quarter Ended March 28, 2020 Disney Disney Parks, Experiences and Products Consolidated Disney Disney Parks, Experiences and Products Consolidated Americas $ 10,293 $ 2,414 $ 12,707 $ 9,962 $ 4,681 $ 14,643 Europe 1,219 267 1,486 1,338 546 1,884 Asia Pacific 928 492 1,420 1,065 433 1,498 Total revenues $ 12,440 $ 3,173 $ 15,613 $ 12,365 $ 5,660 $ 18,025 Six Months Ended April 3, 2021 Six Months Ended March 28, 2020 Disney Disney Parks, Experiences and Products Consolidated Disney Disney Parks, Experiences and Products Consolidated Americas $ 20,584 $ 4,870 $ 25,454 $ 20,379 $ 10,559 $ 30,938 Europe 2,512 754 3,266 2,901 1,479 4,380 Asia Pacific 2,005 1,137 3,142 2,382 1,202 3,584 Total revenues $ 25,101 $ 6,761 $ 31,862 $ 25,662 $ 13,240 $ 38,902
Contract with Customer, Asset and Liability	Contract assets, accounts receivable and deferred revenues from contracts with customers are as follows: April 3, October 3, Contract assets $ 134 $ 70 Accounts receivable Current 11,087 11,340 Non-current 1,643 1,789 Allowance for credit losses (271) (460) Deferred revenues Current 3,995 3,688 Non-current 582 513

Cash, Cash Equivalents, Restr_2

Cash, Cash Equivalents, Restricted Cash and Borrowings (Tables)	6 Months Ended
	Apr. 03, 2021
Schedule of Cash Flow, Supplemental Disclosures	The following table provides a reconciliation of cash, cash equivalents and restricted cash reported in the Condensed Consolidated Balance Sheet to the total of the amounts reported in the Condensed Consolidated Statements of Cash Flows. April 3, October 3, Cash and cash equivalents $ 15,890 $ 17,914 Restricted cash included in: Other current assets 1 3 Other assets 41 37 Total cash, cash equivalents and restricted cash in the statement of cash flows $ 15,932 $ 17,954
Borrowing Activity	During the six months ended April 3, 2021, the Company’s borrowing activity was as follows: October 3, Borrowings Payments Other April 3, Commercial paper with original maturities greater than three months $ 2,023 $ 670 $ (757) $ 1 $ 1,937 U.S. dollar denominated notes (1) 52,736 — (1,663) (68) 51,005 Asia Theme Parks borrowings (2) 1,303 34 (84) 66 1,319 Foreign currency denominated debt and other (3) 2,566 3 (69) (615) 1,885 $ 58,628 $ 707 $ (2,573) $ (616) $ 56,146 (1) The other activity is primarily due to the amortization of purchase price adjustments on debt assumed in the TFCF acquisition and debt issuance fees. (2) The other activity is driven by the impact of changes in foreign currency exchange rates. (3) The other activity is due to market value adjustments for debt with qualifying hedges, partially offset by the impact of changes in foreign currency exchange rates.
Line of Credit Facilities	At April 3, 2021, the Company’s bank facilities, which are with a syndicate of lenders and support our commercial paper borrowings, were as follows: Committed Capacity Unused Facility expiring March 2022 $ 5,250 $ — $ 5,250 Facility expiring March 2023 4,000 — 4,000 Facility expiring March 2025 3,000 — 3,000 Total $ 12,250 $ — $ 12,250
Interest Expense, net	Interest expense (net of amounts capitalized), interest and investment income, and net periodic pension and postretirement benefit costs (other than service costs) (see Note 8) are reported net in the Condensed Consolidated Statements of Income and consist of the following: Quarter Ended Six Months Ended April 3, March 28, April 3, March 28, Interest expense $ (415) $ (365) $ (819) $ (727) Interest and investment income 131 63 243 139 Net periodic pension and postretirement benefit costs (other than service costs) (36) 2 (68) 5 Interest expense, net $ (320) $ (300) $ (644) $ (583)

International Theme Parks (Tabl

International Theme Parks (Tables)	6 Months Ended
	Apr. 03, 2021
Consolidating Balance Sheets
Impact of Consolidating Financial Statements of International Theme Parks	The following table summarizes the carrying amounts of the Asia Theme Parks’ assets and liabilities included in the Company’s Condensed Consolidated Balance Sheet: April 3, October 3, 2020 Cash and cash equivalents $ 249 $ 372 Other current assets 111 91 Total current assets 360 463 Parks, resorts and other property 6,754 6,720 Other assets 183 191 Total assets $ 7,297 $ 7,374 Current liabilities $ 428 $ 486 Long-term borrowings 1,276 1,213 Other long-term liabilities 411 403 Total liabilities $ 2,115 $ 2,102
Consolidating Income Statements
Impact of Consolidating Financial Statements of International Theme Parks	The following table summarizes the International Theme Parks’ revenues and costs and expenses included in the Company’s Condensed Consolidated Statements of Income for the six months ended April 3, 2021: Revenues $ 555 Costs and expenses (1,237) Equity in the loss of investees (17)

Produced and Acquired_License_2

Produced and Acquired/Licensed Content Costs and Advances (Tables)	6 Months Ended
	Apr. 03, 2021
Other Industries [Abstract]
Balances of Produced and Licensed Content Costs	Total capitalized produced and licensed content by predominant monetization strategy is as follows: As of April 3, 2021 As of October 3, 2020 Predominantly Monetized Individually Predominantly Monetized as a Group Total Predominantly Monetized Individually Predominantly Monetized as a Group Total Produced content Theatrical film costs Released, less amortization $ 2,811 $ 2,657 $ 5,468 $ 3,000 $ 2,601 $ 5,601 Completed, not released 1,224 10 1,234 522 210 732 In-process 3,144 679 3,823 3,322 259 3,581 In development or pre-production 229 11 240 262 16 278 $ 7,408 $ 3,357 10,765 $ 7,106 $ 3,086 10,192 Television costs Released, less amortization $ 1,874 $ 6,060 $ 7,934 $ 2,090 $ 5,584 $ 7,674 Completed, not released 214 733 947 33 510 543 In-process 207 2,843 3,050 263 1,831 2,094 In development or pre-production 2 207 209 6 87 93 $ 2,297 $ 9,843 12,140 $ 2,392 $ 8,012 10,404 Licensed content - Television programming rights and advances 6,157 6,597 Total produced and licensed content $ 29,062 $ 27,193 Current portion $ 2,204 $ 2,171 Non-current portion $ 26,858 $ 25,022
Amortization of Produced and Licensed Content Costs	Amortization of produced and licensed content is as follows: Quarter Ended April 3, 2021 Quarter Ended March 28, 2020 Predominantly Predominantly Total Predominantly Predominantly Total Theatrical film costs $ 352 $ 270 $ 622 $ 499 $ 232 $ 731 Television costs 406 971 1,377 726 940 1,666 Total produced content costs $ 758 $ 1,241 1,999 $ 1,225 $ 1,172 2,397 Television programming rights and advances 2,223 2,709 Total produced and licensed content costs (1) $ 4,222 $ 5,106 Six Months Ended April 3, 2021 Six Months Ended March 28, 2020 Predominantly Predominantly Total Predominantly Predominantly Total Theatrical film costs $ 649 $ 510 $ 1,159 $ 1,025 $ 543 $ 1,568 Television costs 721 1,929 2,650 1,480 1,867 3,347 Total produced content costs $ 1,370 $ 2,439 3,809 $ 2,505 $ 2,410 4,915 Television programming rights and advances 6,762 6,440 Total produced and licensed content costs (1) $ 10,571 $ 11,355 (1) Primarily included in “Costs of services” in the Condensed Consolidated Statements of Income.

Pension and Other Benefit Pro_2

Pension and Other Benefit Programs (Tables)	6 Months Ended
	Apr. 03, 2021
Retirement Benefits [Abstract]
Net Periodic Benefit Cost	The components of net periodic benefit cost are as follows: Pension Plans Postretirement Medical Plans Quarter Ended Six Months Ended Quarter Ended Six Months Ended April 3, March 28, April 3, 2021 March 28, 2020 April 3, 2021 March 28, 2020 April 3, 2021 March 28, 2020 Service costs $ 109 $ 102 $ 217 $ 205 $ 2 $ 2 $ 5 $ 5 Other costs (benefits): Interest costs 115 133 229 266 11 14 23 28 Expected return on plan assets (274) (273) (549) (546) (13) (15) (27) (29) Amortization of previously deferred service costs 4 4 6 7 — — — — Recognized net actuarial loss 185 131 371 262 8 4 15 7 Total other costs (benefits) 30 (5) 57 (11) 6 3 11 6 Net periodic benefit cost $ 139 $ 97 $ 274 $ 194 $ 8 $ 5 $ 16 $ 11

Earnings Per Share (Tables)

Earnings Per Share (Tables)	6 Months Ended
	Apr. 03, 2021
Earnings Per Share [Abstract]
Reconciliation of Weighted Average Number of Common and Common Equivalent Shares Outstanding and Awards Excluded from Diluted Earnings Per Share Calculation	A reconciliation of the weighted average number of common and common equivalent shares outstanding and the number of Awards excluded from the diluted earnings per share calculation, as they were anti-dilutive, are as follows: Quarter Ended Six Months Ended April 3, March 28, April 3, March 28, Shares (in millions): Weighted average number of common and common equivalent shares outstanding (basic) 1,817 1,808 1,814 1,806 Weighted average dilutive impact of Awards 12 8 12 10 Weighted average number of common and common equivalent shares outstanding (diluted) 1,829 1,816 1,826 1,816 Awards excluded from diluted earnings per share 3 9 5 9

Equity (Tables)

Equity (Tables)	6 Months Ended
	Apr. 03, 2021
Equity [Abstract]
Dividends Declared	The Company paid the following dividend in fiscal 2020: Per Share Total Paid Payment Timing Related to Fiscal Period $0.88 $1.6 billion Second Quarter of Fiscal 2020 Second Half 2019
Changes in Accumulated Other Comprehensive Income (Loss)	The following tables summarize the changes in each component of accumulated other comprehensive income (loss) (AOCI) including our proportional share of equity method investee amounts: Market Value Adjustments (1) Unrecognized Foreign AOCI AOCI, before tax Second quarter of fiscal 2021 Balance at January 2, 2021 $ (419) $ (9,227) $ (877) $ (10,523) Quarter Ended April 3, 2021: Unrealized gains (losses) arising during the period 131 55 (84) 102 Reclassifications of realized net (gains) losses to net income 5 194 — 199 Balance at April 3, 2021 $ (283) $ (8,978) $ (961) $ (10,222) Second quarter of fiscal 2020 Balance at December 28, 2019 $ (12) $ (7,363) $ (1,004) $ (8,379) Quarter Ended March 28, 2020: Unrealized gains (losses) arising during the period 212 (43) (364) (195) Reclassifications of realized net (gains) losses to net income (42) 138 — 96 Balance at March 28, 2020 $ 158 $ (7,268) $ (1,368) $ (8,478) Six months ended fiscal 2021 Balance at October 3, 2020 $ (191) $ (9,423) $ (1,088) $ (10,702) Six Months Ended April 3, 2021: Unrealized gains (losses) arising during the period (54) 57 127 130 Reclassifications of realized net (gains) losses to net income (38) 388 — 350 Balance at April 3, 2021 $ (283) $ (8,978) $ (961) $ (10,222) Six months ended fiscal 2020 Balance at September 28, 2019 $ 129 $ (7,502) $ (1,086) $ (8,459) Six Months Ended March 28, 2020: Unrealized gains (losses) arising during the period 131 (43) (282) (194) Reclassifications of realized net (gains) losses to net income (102) 277 — 175 Balance at March 28, 2020 $ 158 $ (7,268) $ (1,368) $ (8,478) Market Value Adjustments (1) Unrecognized Foreign AOCI Tax on AOCI Second quarter of fiscal 2021 Balance at January 2, 2021 $ 95 $ 2,155 $ 132 $ 2,382 Quarter Ended April 3, 2021: Unrealized gains (losses) arising during the period (24) (13) 6 (31) Reclassifications of realized net (gains) losses to net income (2) (45) — (47) Balance at April 3, 2021 $ 69 $ 2,097 $ 138 $ 2,304 Second quarter of fiscal 2020 Balance at December 28, 2019 $ 5 $ 1,724 $ 117 $ 1,846 Quarter Ended March 28, 2020: Unrealized gains (losses) arising during the period (51) 10 58 17 Reclassifications of realized net (gains) losses to net income 10 (32) — (22) Balance at March 28, 2020 $ (36) $ 1,702 $ 175 $ 1,841 Six months ended fiscal 2021 Balance at October 3, 2020 $ 40 $ 2,201 $ 139 $ 2,380 Six Months Ended April 3, 2021: Unrealized gains (losses) arising during the period 22 (14) (1) 7 Reclassifications of realized net (gains) losses to net income 7 (90) — (83) Balance at April 3, 2021 $ 69 $ 2,097 $ 138 $ 2,304 Six months ended fiscal 2020 Balance at September 28, 2019 $ (29) $ 1,756 $ 115 $ 1,842 Six Months Ended March 28, 2020: Unrealized gains (losses) arising during the period (31) 10 60 39 Reclassifications of realized net (gains) losses to net income 24 (64) — (40) Balance at March 28, 2020 $ (36) $ 1,702 $ 175 $ 1,841 Market Value Adjustments (1) Unrecognized Foreign AOCI AOCI, after tax Second quarter of fiscal 2021 Balance at January 2, 2021 $ (324) $ (7,072) $ (745) $ (8,141) Quarter Ended April 3, 2021: Unrealized gains (losses) arising during the period 107 42 (78) 71 Reclassifications of realized net (gains) losses to net income 3 149 — 152 Balance at April 3, 2021 $ (214) $ (6,881) $ (823) $ (7,918) Second quarter of fiscal 2020 Balance at December 28, 2019 $ (7) $ (5,639) $ (887) $ (6,533) Quarter Ended March 28, 2020: Unrealized gains (losses) arising during the period 161 (33) (306) (178) Reclassifications of realized net (gains) losses to net income (32) 106 — 74 Balance at March 28, 2020 $ 122 $ (5,566) $ (1,193) $ (6,637) Six months ended fiscal 2021 Balance at October 3, 2020 $ (151) $ (7,222) $ (949) $ (8,322) Six Months Ended April 3, 2021: Unrealized gains (losses) arising during the period (32) 43 126 137 Reclassifications of realized net (gains) losses to net income (31) 298 — 267 Balance at April 3, 2021 $ (214) $ (6,881) $ (823) $ (7,918) Six months ended fiscal 2020 Balance at September 28, 2019 $ 100 $ (5,746) $ (971) $ (6,617) Six Months Ended March 28, 2020: Unrealized gains (losses) arising during the period 100 (33) (222) (155) Reclassifications of realized net (gains) losses to net income (78) 213 — 135 Balance at March 28, 2020 $ 122 $ (5,566) $ (1,193) $ (6,637) (1) Primarily reflects market value adjustments for cash flow hedges.
Details about AOCI Components Reclassified to Net Income	Details about AOCI components reclassified to net income are as follows: Gain (loss) in net income: Affected line item in the Quarter Ended Six Months Ended April 3, March 28, April 3, March 28, Market value adjustments, primarily cash flow hedges Primarily revenue $ (5) $ 42 $ 38 $ 102 Estimated tax Income taxes 2 (10) (7) (24) (3) 32 31 78 Pension and postretirement medical expense Interest expense, net (194) (138) (388) (277) Estimated tax Income taxes 45 32 90 64 (149) (106) (298) (213) Total reclassifications for the period $ (152) $ (74) $ (267) $ (135)

Equity-Based Compensation (Tabl

Equity-Based Compensation (Tables)	6 Months Ended
	Apr. 03, 2021
Share-based Payment Arrangement [Abstract]
Compensation Expense Related to Stock Options, Stock Appreciation Rights and Restricted Stock Units (RSUs)	Compensation expense related to stock options and restricted stock units (RSUs) is as follows: Quarter Ended Six Months Ended April 3, March 28, April 3, March 28, Stock options $ 23 $ 28 $ 48 $ 49 RSUs 113 103 222 197 Total equity-based compensation expense (1) $ 136 $ 131 $ 270 $ 246 Equity-based compensation expense capitalized during the period $ 22 $ 21 $ 56 $ 45 (1) Equity-based compensation expense is net of capitalized equity-based compensation and estimated forfeitures and excludes amortization of previously capitalized equity-based compensation costs.

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	6 Months Ended
	Apr. 03, 2021
Fair Value Disclosures [Abstract]
Assets and Liabilities Measured at Fair Value	The Company’s assets and liabilities measured at fair value are summarized in the following tables by fair value measurement Level: Fair Value Measurement at April 3, 2021 Level 1 Level 2 Level 3 Total Assets Investments $ 1,184 $ — $ — $ 1,184 Derivatives Interest rate — 202 — 202 Foreign exchange — 651 — 651 Other — 10 — 10 Liabilities Derivatives Interest rate — (421) — (421) Foreign exchange — (620) — (620) Other — (1) — (1) Other — (351) — (351) Total recorded at fair value $ 1,184 $ (530) $ — $ 654 Fair value of borrowings $ — $ 59,729 $ 1,398 $ 61,127 Fair Value Measurement at October 3, 2020 Level 1 Level 2 Level 3 Total Assets Investments $ — $ 1,057 $ — $ 1,057 Derivatives Interest rate — 515 — 515 Foreign exchange — 505 — 505 Other — 1 — 1 Liabilities Derivatives Interest rate — (4) — (4) Foreign exchange — (549) — (549) Other — (22) — (22) Other — (294) — (294) Total recorded at fair value $ — $ 1,209 $ — $ 1,209 Fair value of borrowings $ — $ 63,370 $ 1,448 $ 64,818

Derivative Instruments (Tables)

Derivative Instruments (Tables)	6 Months Ended
	Apr. 03, 2021
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Gross Fair Value of Derivative Positions	The Company’s derivative positions measured at fair value are summarized in the following tables: As of April 3, 2021 Current Other Assets Other Current Liabilities Other Long- Derivatives designated as hedges Foreign exchange $ 186 $ 219 $ (168) $ (118) Interest rate — 202 (421) — Other 6 2 (1) — Derivatives not designated as hedges Foreign exchange 155 91 (151) (183) Interest rate — — — — Other 2 — — — Gross fair value of derivatives 349 514 (741) (301) Counterparty netting (295) (381) 467 209 Cash collateral (received) paid (1) (61) 237 78 Net derivative positions $ 53 $ 72 $ (37) $ (14) As of October 3, 2020 Current Other Assets Other Current Liabilities Other Long- Derivatives designated as hedges Foreign exchange $ 184 $ 132 $ (77) $ (273) Interest rate — 515 (4) — Other 1 — (15) (4) Derivatives not designated as hedges Foreign exchange 53 136 (98) (101) Interest rate — — — — Other — — (3) — Gross fair value of derivatives 238 783 (197) (378) Counterparty netting (143) (378) 184 338 Cash collateral (received) paid (26) (142) — 9 Net derivative positions $ 69 $ 263 $ (13) $ (31)
Carrying Amount and Cumulative Basis Adjustments for Fair Value Hedges Recorded on the Balance Sheet	The following table summarizes fair value hedge adjustments to hedged borrowings: Carrying Amount of Hedged Borrowings Fair Value Adjustments Included April 3, October 3, 2020 April 3, October 3, 2020 Borrowings: Current $ — $ 753 $ — $ 4 Long-term 15,628 16,229 (217) 505 $ 15,628 $ 16,982 $ (217) $ 509
Adjustments Related to Fair Value Hedges Included in Interest Expense, net in the Consolidated Statements of Income	The following amounts are included in “Interest expense, net” in the Condensed Consolidated Statements of Income: Quarter Ended Six Months Ended April 3, March 28, April 3, March 28, Gain (loss) on: Pay-floating swaps $ (577) $ 542 $ (724) $ 429 Borrowings hedged with pay-floating swaps 577 (542) 724 (429) Benefit (expense) associated with interest accruals on pay-floating swaps 36 (7) 71 (19)
Effect of Foreign Exchange Cash Flow Hedges on AOCI	The following table summarizes the effect of foreign exchange cash flow hedges on AOCI: Quarter Ended Six Months Ended April 3, March 28, April 3, March 28, Gain (loss) recognized in Other Comprehensive Income $ 92 $ 234 $ (59) $ 149 Gain (loss) reclassified from AOCI into the Statements of Income (1) (4) 43 40 103 (1) Primarily recorded in revenue.
Gain (Loss) on Cross Currency Swap Activity Included in Interest Expense	The following amounts are included in “Interest expense, net” in the Condensed Consolidated Statements of Income: Quarter Ended Six Months Ended April 3, March 28, April 3, March 28, Gain (loss) on: Cross currency swaps $ 14 $ — $ 56 $ — Borrowings hedged with cross currency swaps (14) — (56) —
Net Gains or Losses Recognized in Costs and Expenses on Economic Exposures Associated with Foreign Currency Exchange Rates	The following table summarizes the net foreign exchange gains or losses recognized on foreign currency denominated assets and liabilities and the net foreign exchange gains or losses on the foreign exchange contracts we entered into to mitigate our exposure with respect to foreign currency denominated assets and liabilities by the corresponding line item in which they are recorded in the Condensed Consolidated Statements of Income: Costs and Expenses Interest expense, net Income Tax Expense Quarter Ended: April 3, March 28, April 3, March 28, April 3, March 28, Net gains (losses) on foreign currency denominated assets and liabilities $ (97) $ (241) $ (14) $ 64 $ 25 $ 8 Net gains (losses) on foreign exchange risk management contracts not designated as hedges 91 239 12 (62) (20) (20) Net gains (losses) $ (6) $ (2) $ (2) $ 2 $ 5 $ (12) Six Months Ended: Net gains (losses) on foreign currency denominated assets and liabilities $ 61 $ (172) $ (55) $ 52 $ (34) $ (7) Net gains (losses) on foreign exchange risk management contracts not designated as hedges (96) 159 55 (52) 30 (3) Net gains (losses) $ (35) $ (13) $ — $ — $ (4) $ (10)

Principles of Consolidation Pri

Principles of Consolidation Principles of Consolidation - Additional Information (Details) - USD ($) $ in Millions	Apr. 03, 2021	Oct. 03, 2020	May 13, 2019	Sep. 25, 2017
Schedule of Equity Method Investments
Redeemable Noncontrolling Interests	$ 9,410	$ 9,249
BAMTech, LLC
Schedule of Equity Method Investments
Equity Method Investment, Ownership Percentage	75.00%
MLB | BAMTech, LLC
Schedule of Equity Method Investments
Equity Method Investment, Ownership Percentage	15.00%
Redeemable Noncontrolling Interest, Equity, Redemption Value	$ 738
MLB | BAMTech, LLC | Minimum
Schedule of Equity Method Investments
Redeemable Noncontrolling Interest, Equity, Redemption Value				$ 563
Preferred Stock Return on NCI, Accretion Percentage				8.00%
NHL | BAMTech, LLC
Schedule of Equity Method Investments
Equity Method Investment, Ownership Percentage	10.00%
Redeemable Noncontrolling Interest, Equity, Redemption Value				$ 500
Redeemable Noncontrolling Interests	$ 338
NHL | BAMTech, LLC | Maximum
Schedule of Equity Method Investments
Redeemable Noncontrolling Interest, Equity, Redemption Value				$ 350
Hulu LLC
Schedule of Equity Method Investments
Equity Method Investment, Ownership Percentage	67.00%
Hulu LLC | Equity Interest Held by NBC Universal
Schedule of Equity Method Investments
Equity Method Investment, Ownership Percentage	33.00%
Redeemable Noncontrolling Interest, Equity, Redemption Value			$ 27,500
Redeemable Noncontrolling Interests	$ 8,300

Financial Information by Operat

Financial Information by Operating Segments (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Apr. 03, 2021	Mar. 28, 2020	Apr. 03, 2021	Mar. 28, 2020
Segment Reporting Information
Revenues	$ 15,613	$ 18,025	$ 31,862	$ 38,902
Segment operating income	2,465	2,407	3,797	6,403
Disney Media and Entertainment Distribution
Segment Reporting Information
Revenues	12,440	12,365	25,101	25,662
Segment operating income	2,871	1,651	4,322	3,125
Disney Parks, Experiences and Products
Segment Reporting Information
Revenues	3,173	5,660	6,761	13,240
Segment operating income	$ (406)	$ 756	$ (525)	$ 3,278

Equity in the Income of Investe

Equity in the Income of Investees included in Segment Operating Results (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Apr. 03, 2021	Mar. 28, 2020	Apr. 03, 2021	Mar. 28, 2020
Schedule of Equity Method Investments
Equity in the income of investees	$ 213	$ 135	$ 437	$ 359
Amortization of Intangible Assets Held by Equity Investees	(4)	(8)	(7)	(16)
Disney Media and Entertainment Distribution
Schedule of Equity Method Investments
Equity in the income of investees	226	149	461	384
Disney Parks, Experiences and Products
Schedule of Equity Method Investments
Equity in the income of investees	(9)	(6)	(17)	(9)
Total Segments
Schedule of Equity Method Investments
Equity in the income of investees	$ 217	$ 143	$ 444	$ 375

Reconciliation of Segment Opera

Reconciliation of Segment Operating Income to Income before Income Taxes (Details) - USD ($) $ in Millions		3 Months Ended			6 Months Ended
		Apr. 03, 2021		Mar. 28, 2020	Apr. 03, 2021		Mar. 28, 2020
Reconciling Items for Operating Income (Loss) from Segment to Consolidated
Segment operating income		$ 2,465		$ 2,407	$ 3,797		$ 6,403
Corporate and unallocated shared expenses		(201)		(188)	(433)		(425)
Restructuring and impairment charges		(414)		(145)	(527)		(295)
Other income, net		305	[1]	0	305	[1]	0
Interest expense, net		(320)		(300)	(644)		(583)
Amortization of Intangible Assets	[2]	(605)		(723)	(1,222)		(1,423)
Income from continuing operations before income taxes		$ 1,230		$ 1,051	$ 1,276		$ 3,677
[1]	For the quarter ended April 3, 2021, other income reflected a $305 million gain from an adjustment of our investment in DraftKings, Inc. to fair value (DraftKings Gain). For the six months ended April 3, 2021, other income reflected a $186 million gain from an adjustment of our investment in fuboTV Inc. to fair value, which was sold in January 2021 (fuboTV Gain), and a $119 million DraftKings Gain.
[2]	For the quarter ended April 3, 2021 amortization of intangible assets, step-up of film and television costs and intangibles related to TFCF equity investees were $447 million, $154 million and $4 million, respectively. For the six months ended April 3, 2021 amortization of intangible assets, step-up of film and television costs and intangibles related to TFCF equity investees were $894 million, $321 million and $7 million, respectively. For the quarter ended March 28, 2020 amortization of intangible assets, step-up of film and television costs and intangibles related to TFCF equity investees were $498 million, $217 million, and $8 million, respectively. For the six months ended March 28, 2020 amortization of intangible assets, step-up of film and television costs and intangibles related to TFCF equity investees were $984 million, $423 million and $16 million, respectively.

Reconciliation of Segment Ope_2

Reconciliation of Segment Operating Income to Income Before Income Taxes Footnote (Details) - USD ($) $ in Millions		3 Months Ended		6 Months Ended
		Apr. 03, 2021	Mar. 28, 2020	Apr. 03, 2021	Mar. 28, 2020
Amortization of Intangible Assets	[1]	$ 605	$ 723	$ 1,222	$ 1,423
Amortization of Intangible Assets Held by Equity Investees		(4)	(8)	(7)	(16)
DraftKings
Unrealized Gain (Loss) on Investments		305		186
fuboTV
Unrealized Gain (Loss) on Investments				119
TFCF and Hulu
Amortization of Intangible Assets		447	498	894	984
Amortization		154	217	321	423
Amortization of Intangible Assets Held by Equity Investees		$ 4	$ 8	$ 7	$ 16
[1]	For the quarter ended April 3, 2021 amortization of intangible assets, step-up of film and television costs and intangibles related to TFCF equity investees were $447 million, $154 million and $4 million, respectively. For the six months ended April 3, 2021 amortization of intangible assets, step-up of film and television costs and intangibles related to TFCF equity investees were $894 million, $321 million and $7 million, respectively. For the quarter ended March 28, 2020 amortization of intangible assets, step-up of film and television costs and intangibles related to TFCF equity investees were $498 million, $217 million, and $8 million, respectively. For the six months ended March 28, 2020 amortization of intangible assets, step-up of film and television costs and intangibles related to TFCF equity investees were $984 million, $423 million and $16 million, respectively.

Acquisitions Changes in Carry A

Acquisitions Changes in Carry Amount of Goodwill (Details) $ in Millions	6 Months Ended
	Apr. 03, 2021USD ($)
Goodwill [Line Items]
Beginning balance	$ 77,689
Segment Recast	0	[1]
Currency translation adjustments and other, net	172
Ending balance	77,861
Media Networks
Goodwill [Line Items]
Beginning balance	33,991
Segment Recast	(33,991)	[1]
Currency translation adjustments and other, net	0
Ending balance	0
Disney Parks, Experiences and Products
Goodwill [Line Items]
Beginning balance	5,550
Segment Recast	0	[1]
Currency translation adjustments and other, net	0
Ending balance	5,550
Studio Entertainment
Goodwill [Line Items]
Beginning balance	17,795
Segment Recast	(17,795)	[1]
Currency translation adjustments and other, net	0
Ending balance	0
Direct-to-Consumer & International
Goodwill [Line Items]
Beginning balance	20,353
Segment Recast	(20,353)	[1]
Currency translation adjustments and other, net	0
Ending balance	0
Disney Media and Entertainment Distribution
Goodwill [Line Items]
Beginning balance	0
Segment Recast	72,139	[1]
Currency translation adjustments and other, net	172
Ending balance	$ 72,311
[1]	Represents the reallocation of goodwill as a result of the Company recasting its segments.

Description of Business and Seg

Description of Business and Segment Information - Additional Information (Details)	Apr. 03, 2021
A&E
Segment Reporting Information
Equity Method Investment, Ownership Percentage	50.00%
Tata Sky Limited
Segment Reporting Information
Equity Method Investment, Ownership Percentage	30.00%

Disaggregation of Revenue by Ma

Disaggregation of Revenue by Major Source (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Apr. 03, 2021	Mar. 28, 2020	Apr. 03, 2021	Mar. 28, 2020
Disaggregation of Revenue [Line Items]
Revenues	$ 15,613	$ 18,025	$ 31,862	$ 38,902
Affiliate fees
Disaggregation of Revenue [Line Items]
Revenues	4,594	4,529	8,996	8,969
Advertising
Disaggregation of Revenue [Line Items]
Revenues	2,583	2,789	6,347	6,187
Subscription fees
Disaggregation of Revenue [Line Items]
Revenues	3,000	1,796	5,546	3,122
Theme park admissions
Disaggregation of Revenue [Line Items]
Revenues	597	1,554	1,146	3,621
Resort and vacations
Disaggregation of Revenue [Line Items]
Revenues	514	1,377	946	3,008
Retail and wholesale sales of merchandise, food and beverage
Disaggregation of Revenue [Line Items]
Revenues	911	1,584	2,074	3,897
TV/SVOD distribution licensing
Disaggregation of Revenue [Line Items]
Revenues	1,624	1,665	2,793	3,234
Theatrical distribution licensing
Disaggregation of Revenue [Line Items]
Revenues	109	603	140	2,011
Merchandise licensing
Disaggregation of Revenue [Line Items]
Revenues	796	716	1,891	1,772
Home entertainment
Disaggregation of Revenue [Line Items]
Revenues	219	489	519	1,085
Other
Disaggregation of Revenue [Line Items]
Revenues	666	923	1,464	1,996
Disney Media and Entertainment Distribution
Disaggregation of Revenue [Line Items]
Revenues	12,440	12,365	25,101	25,662
Disney Media and Entertainment Distribution | Affiliate fees
Disaggregation of Revenue [Line Items]
Revenues	4,594	4,529	8,996	8,969
Disney Media and Entertainment Distribution | Advertising
Disaggregation of Revenue [Line Items]
Revenues	2,582	2,788	6,345	6,184
Disney Media and Entertainment Distribution | Subscription fees
Disaggregation of Revenue [Line Items]
Revenues	3,000	1,796	5,546	3,122
Disney Media and Entertainment Distribution | TV/SVOD distribution licensing
Disaggregation of Revenue [Line Items]
Revenues	1,624	1,665	2,793	3,234
Disney Media and Entertainment Distribution | Theatrical distribution licensing
Disaggregation of Revenue [Line Items]
Revenues	109	603	140	2,011
Disney Media and Entertainment Distribution | Merchandise licensing
Disaggregation of Revenue [Line Items]
Revenues	5	8	10	16
Disney Media and Entertainment Distribution | Home entertainment
Disaggregation of Revenue [Line Items]
Revenues	219	489	519	1,085
Disney Media and Entertainment Distribution | Other
Disaggregation of Revenue [Line Items]
Revenues	307	487	752	1,041
Disney Parks, Experiences and Products
Disaggregation of Revenue [Line Items]
Revenues	3,173	5,660	6,761	13,240
Disney Parks, Experiences and Products | Advertising
Disaggregation of Revenue [Line Items]
Revenues	1	1	2	3
Disney Parks, Experiences and Products | Theme park admissions
Disaggregation of Revenue [Line Items]
Revenues	597	1,554	1,146	3,621
Disney Parks, Experiences and Products | Resort and vacations
Disaggregation of Revenue [Line Items]
Revenues	514	1,377	946	3,008
Disney Parks, Experiences and Products | Retail and wholesale sales of merchandise, food and beverage
Disaggregation of Revenue [Line Items]
Revenues	911	1,584	2,074	3,897
Disney Parks, Experiences and Products | Merchandise licensing
Disaggregation of Revenue [Line Items]
Revenues	791	708	1,881	1,756
Disney Parks, Experiences and Products | Other
Disaggregation of Revenue [Line Items]
Revenues	$ 359	$ 436	$ 712	$ 955

Disaggregation of Revenue by Ge

Disaggregation of Revenue by Geographical Markets (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Apr. 03, 2021	Mar. 28, 2020	Apr. 03, 2021	Mar. 28, 2020
Disaggregation of Revenue [Line Items]
Revenues	$ 15,613	$ 18,025	$ 31,862	$ 38,902
Americas
Disaggregation of Revenue [Line Items]
Revenues	12,707	14,643	25,454	30,938
Europe
Disaggregation of Revenue [Line Items]
Revenues	1,486	1,884	3,266	4,380
Asia Pacific
Disaggregation of Revenue [Line Items]
Revenues	1,420	1,498	3,142	3,584
Disney Media and Entertainment Distribution
Disaggregation of Revenue [Line Items]
Revenues	12,440	12,365	25,101	25,662
Disney Media and Entertainment Distribution | Americas
Disaggregation of Revenue [Line Items]
Revenues	10,293	9,962	20,584	20,379
Disney Media and Entertainment Distribution | Europe
Disaggregation of Revenue [Line Items]
Revenues	1,219	1,338	2,512	2,901
Disney Media and Entertainment Distribution | Asia Pacific
Disaggregation of Revenue [Line Items]
Revenues	928	1,065	2,005	2,382
Disney Parks, Experiences and Products
Disaggregation of Revenue [Line Items]
Revenues	3,173	5,660	6,761	13,240
Disney Parks, Experiences and Products | Americas
Disaggregation of Revenue [Line Items]
Revenues	2,414	4,681	4,870	10,559
Disney Parks, Experiences and Products | Europe
Disaggregation of Revenue [Line Items]
Revenues	267	546	754	1,479
Disney Parks, Experiences and Products | Asia Pacific
Disaggregation of Revenue [Line Items]
Revenues	$ 492	$ 433	$ 1,137	$ 1,202

Contract with Customer, Asset a

Contract with Customer, Asset and Liability (Details) - USD ($) $ in Millions	Apr. 03, 2021	Oct. 03, 2020
Contract with Customer, Asset, before Allowance for Credit Loss	$ 134	$ 70
Accounts Receivable, before Allowance for Credit Loss, Current	11,087	11,340
Accounts Receivable, before Allowance for Credit Loss, Noncurrent	1,643	1,789
Contract with Customer, Asset, Allowance for Credit Loss	(271)	(460)
Contract with Customer, Liability, Current	3,995	3,688
Contract with Customer, Liability, Noncurrent	$ 582	$ 513

Revenues - Additional Informati

Revenues - Additional Information (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Apr. 03, 2021	Mar. 28, 2020	Apr. 03, 2021	Mar. 28, 2020	Oct. 03, 2020
Contract with Customer, Performance Obligation Satisfied in Previous Period	$ 400	$ 700	$ 700	$ 800
Revenue, Remaining Performance Obligation, Amount	15,000		15,000
Contract with Customer, Asset, Allowance for Credit Loss	(271)		(271)		$ (460)
Contract with Customer, Liability, Revenue Recognized	600	$ 800	2,100	$ 2,900
Syndicated programming
Long-term receivables, net of allowance for credit losses	1,100		1,100
Mortgage Receivable
Long-term receivables, net of allowance for credit losses	700		700
Unsatisfied performance obligation recognized in fiscal 2021
Revenue, Remaining Performance Obligation, Amount	4,000		4,000
Unsatisfied performance obligation recognized in fiscal 2022
Revenue, Remaining Performance Obligation, Amount	5,000		5,000
Unsatisfied performance obligation recognized in fiscal 2023
Revenue, Remaining Performance Obligation, Amount	3,000		3,000
Unsatisfied performance obligation recognized thereafter
Revenue, Remaining Performance Obligation, Amount	$ 3,000		$ 3,000

Reconciliation of Cash, Cash Eq

Reconciliation of Cash, Cash Equivalents and Restricted Cash Reported in the Condensed Consolidated Balance Sheet to the Total Amount in the Condensed Consolidated Statements of Cash Flows (Details) - USD ($) $ in Millions	Apr. 03, 2021	Oct. 03, 2020	Mar. 28, 2020	Sep. 28, 2019
Accounting Policies [Abstract]
Cash and Cash Equivalents	$ 15,890	$ 17,914
Restricted Cash and Investments, Current	1	3
Restricted Cash and Investments, Noncurrent	41	37
Cash, Cash Equivalents and Restricted Cash in the Statement of Cash Flows	$ 15,932	$ 17,954	$ 14,378	$ 5,455

Borrowing Activity (Details)

Borrowing Activity (Details) $ in Millions	6 Months Ended
	Apr. 03, 2021USD ($)
Borrowings [Roll Forward]
Borrowings beginning balance	$ 58,628
Borrowings	707
Payments	(2,573)
Other Activity	(616)
Borrowings ending balance	56,146
Commercial paper with original maturities greater than three months
Borrowings [Roll Forward]
Borrowings beginning balance	2,023
Borrowings	670
Payments	(757)
Other Activity	1
Borrowings ending balance	1,937
U.S. dollar denominated notes
Borrowings [Roll Forward]
Borrowings beginning balance	52,736
Borrowings	0
Payments	(1,663)
Other Activity	(68)	[1]
Borrowings ending balance	51,005
Asia International Theme Parks borrowings
Borrowings [Roll Forward]
Borrowings beginning balance	1,303
Borrowings	34
Payments	(84)
Other Activity	66	[2]
Borrowings ending balance	1,319
Foreign currency denominated debt and other
Borrowings [Roll Forward]
Borrowings beginning balance	2,566
Borrowings	3
Payments	(69)
Other Activity	(615)	[3]
Borrowings ending balance	$ 1,885
[1]	The other activity is primarily due to the amortization of purchase price adjustments on debt assumed in the TFCF acquisition and debt issuance fees.
[2]	The other activity is driven by the impact of changes in foreign currency exchange rates.
[3]	The other activity is due to market value adjustments for debt with qualifying hedges, partially offset by the impact of changes in foreign currency exchange rates.

Cash, Cash Equivalents, Restr_3

Cash, Cash Equivalents, Restricted Cash and Borrowings Line of Credit Facilities (Details) $ in Millions	Apr. 03, 2021USD ($)
Line of Credit Facility
Line of Credit Facility, Maximum Borrowing Capacity	$ 12,250
Line of Credit Facility, Amount Outstanding	0
Line of Credit Facility, Remaining Borrowing Capacity	12,250
Existing Line of Credit 3
Line of Credit Facility
Line of Credit Facility, Maximum Borrowing Capacity	5,250
Line of Credit Facility, Amount Outstanding	0
Line of Credit Facility, Remaining Borrowing Capacity	5,250
Existing Line Of Credit 1
Line of Credit Facility
Line of Credit Facility, Maximum Borrowing Capacity	4,000
Line of Credit Facility, Amount Outstanding	0
Line of Credit Facility, Remaining Borrowing Capacity	4,000
Existing Line of Credit 2
Line of Credit Facility
Line of Credit Facility, Maximum Borrowing Capacity	3,000
Line of Credit Facility, Amount Outstanding	0
Line of Credit Facility, Remaining Borrowing Capacity	$ 3,000

Cash, Cash Equivalents, Restr_4

Cash, Cash Equivalents, Restricted Cash and Borrowings Interest Expense, net (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Apr. 03, 2021	Mar. 28, 2020	Apr. 03, 2021	Mar. 28, 2020
Interest expense	$ (415)	$ (365)	$ (819)	$ (727)
Interest and investment income	131	63	243	139
Net periodic pension and postretirement benefit costs other than service costs	(36)	2	(68)	5
Interest expense, net	$ (320)	$ (300)	$ (644)	$ (583)

Cash, Cash Equivalents, Restr_5

Cash, Cash Equivalents, Restricted Cash and Borrowings - Additional Information (Details) - USD ($) $ in Millions	3 Months Ended	6 Months Ended
	Apr. 03, 2021	Apr. 03, 2021	Mar. 31, 2021
Debt Instrument [Line Items]
Line of Credit Facility, Interest Rate Description	The facilities expiring in March 2023 and March 2025 allow for borrowings at LIBOR-based rates plus a spread depending on the credit default swap spread applicable to the Company’s debt, or a fixed spread in the case of the facility expiring in March 2022, subject to a cap and floor that vary with the Company’s debt rating assigned by Moody’s Investors Service and Standard and Poor’s. The spread above LIBOR can range from 0.18% to 1.63%.
Line of Credit Facility, Maximum Borrowing Capacity	$ 12,250	$ 12,250
Letters of Credit Outstanding, Amount	$ 1,300	$ 1,300
Disney Cruise Line
Debt Instrument [Line Items]
Loan to Cost Ratio	80.00%
Minimum
Debt Instrument [Line Items]
Variable Spread Above LIBOR		0.18%
Maximum
Debt Instrument [Line Items]
Variable Spread Above LIBOR		1.63%
Letter of Credit
Debt Instrument [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity	$ 500	$ 500
Existing Line of Credit 3
Debt Instrument [Line Items]
Line of Credit Facility, Current Borrowing Capacity	5,250	$ 5,250	$ 5,250
Line of Credit Facility, Expiration Date		Mar. 31, 2022
Line of Credit Facility, Maximum Borrowing Capacity	5,250	$ 5,250
Existing Line Of Credit 1
Debt Instrument [Line Items]
Line of Credit Facility, Expiration Date		Mar. 31, 2023
Line of Credit Facility, Maximum Borrowing Capacity	4,000	$ 4,000
Existing Line of Credit 2
Debt Instrument [Line Items]
Line of Credit Facility, Expiration Date		Mar. 31, 2025
Line of Credit Facility, Maximum Borrowing Capacity	3,000	$ 3,000
Existing Line of Credit 4
Debt Instrument [Line Items]
Line of Credit Facility, Current Borrowing Capacity	5,000	5,000
Credit Facility available beginning October 2021 | Disney Cruise Line
Debt Instrument [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity	$ 1,000	$ 1,000
Debt Instrument, Interest Rate, Stated Percentage	3.48%	3.48%
Credit Facility available beginning August 2023 | Disney Cruise Line
Debt Instrument [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity	$ 1,100	$ 1,100
Debt Instrument, Interest Rate, Stated Percentage	3.80%	3.80%
Credit Facility available beginning August 2024 | Disney Cruise Line
Debt Instrument [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity	$ 1,100	$ 1,100
Debt Instrument, Interest Rate, Stated Percentage	3.74%	3.74%

Impact of Consolidating Balance

Impact of Consolidating Balance Sheets of Asia Theme Parks (Details) - USD ($) $ in Millions	Apr. 03, 2021	Oct. 03, 2020
Schedule of Condensed Consolidating Balance Sheets [Line Items]
Cash and Cash Equivalents	$ 15,890	$ 17,914
Other current assets	844	875
Total current assets	32,877	35,251
Parks, resorts and other property	32,137	32,078
Other assets	8,085	8,433
Total assets	200,250	201,549
Current liabilities	26,642	26,628
Long-term borrowings	50,903	52,917
Asia International Theme Parks
Schedule of Condensed Consolidating Balance Sheets [Line Items]
Cash and Cash Equivalents	249	372
Other current assets	111	91
Total current assets	360	463
Parks, resorts and other property	6,754	6,720
Other assets	183	191
Total assets	7,297	7,374
Current liabilities	428	486
Long-term borrowings	1,276	1,213
Other long-term liabilities	411	403
Total liabilities	$ 2,115	$ 2,102

Impact of Consolidating Income

Impact of Consolidating Income Statements of International Theme Parks (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Apr. 03, 2021	Mar. 28, 2020	Apr. 03, 2021	Mar. 28, 2020
Schedule of Condensed Consolidating Statement of Operations [Line Items]
Revenues	$ 15,613	$ 18,025	$ 31,862	$ 38,902
Cost and expenses	(14,167)	(16,664)	(30,157)	(34,706)
Equity in the loss of investees	$ 213	$ 135	437	$ 359
International Theme Parks
Schedule of Condensed Consolidating Statement of Operations [Line Items]
Revenues			555
Cost and expenses			(1,237)
Equity in the loss of investees			$ (17)

International Theme Parks - Add

International Theme Parks - Additional Information (Details) ¥ in Millions, $ in Millions, $ in Billions	6 Months Ended
	Apr. 03, 2021USD ($)	Apr. 03, 2021HKD ($)	Apr. 03, 2021CNY (¥)	Mar. 28, 2020USD ($)
Noncontrolling Interest
Net Cash Used in Financing Activities	$ (2,241)			$ 6,616
Maximum
Noncontrolling Interest
Variable Spread Above Reference Rate	1.63%	1.63%	1.63%
Asia International Theme Parks
Noncontrolling Interest
Royalties And Management Fees	$ 42
International Theme Parks
Noncontrolling Interest
Net Cash Used in Operating Activities	(459)
Net Cash Used in Investing Activities	(355)
Net Cash Used in Financing Activities	(45)
Hong Kong Disneyland Resort | Loans
Noncontrolling Interest
Variable Interest Entity, Financial or Other Support, Amount	148
Variable Interest Entity, Financial or Other Support, Amount from Noncontrolling Interests	$ 97
Debt Instrument, Maturity Date	Sep. 30, 2025	Sep. 30, 2025	Sep. 30, 2025
Hong Kong Disneyland Resort | Loans | HIBOR
Noncontrolling Interest
Variable Spread Above Reference Rate	2.00%	2.00%	2.00%
Hong Kong Disneyland Resort | Line of Credit
Noncontrolling Interest
Variable Interest Entity, Financial or Other Support, Amount from Noncontrolling Interests	$ 270	$ 2.1
Variable Interest Entity, Financial or Other Support, Amount, Outstanding	$ 89
Debt Instrument, Maturity Date	Dec. 31, 2023	Dec. 31, 2023	Dec. 31, 2023
Hong Kong Disneyland Resort | Line of Credit | HIBOR
Noncontrolling Interest
Variable Spread Above Reference Rate	1.25%	1.25%	1.25%
Shanghai Disney Resort | Loans
Noncontrolling Interest
Variable Interest Entity, Financial or Other Support, Amount	$ 876
Variable Interest Entity, Financial or Other Support, Amount from Noncontrolling Interests	$ 1,200		¥ 7,700
Debt Instrument, Maturity Date	Dec. 31, 2036	Dec. 31, 2036	Dec. 31, 2036
Shanghai Disney Resort | Loans | Maximum
Noncontrolling Interest
Debt Instrument, Interest Rate, Stated Percentage	8.00%	8.00%	8.00%
Shanghai Disney Resort | Line of Credit
Noncontrolling Interest
Variable Interest Entity, Financial or Other Support, Amount	$ 157
Variable Interest Entity, Financial or Other Support, Amount from Noncontrolling Interests	$ 200		¥ 1,400
Debt Instrument, Interest Rate, Stated Percentage	8.00%	8.00%	8.00%
Variable Interest Entity, Financial or Other Support, Amount, Outstanding	$ 33
Variable Interest Entity, Financial or Other Support, Amount from Noncontrolling Interests, Outstanding	$ 44		¥ 300
Hong Kong Disneyland Resort
Noncontrolling Interest
Effective Ownership Interest	48.00%	48.00%	48.00%
Noncontrolling Interest, Ownership Percentage by Noncontrolling Owners	52.00%	52.00%	52.00%
Shanghai Disney Resort
Noncontrolling Interest
Effective Ownership Interest	43.00%	43.00%	43.00%
Noncontrolling Interest, Ownership Percentage by Noncontrolling Owners	57.00%	57.00%	57.00%
Shanghai Disney Resort Management Company
Noncontrolling Interest
Effective Ownership Interest	70.00%	70.00%	70.00%
Noncontrolling Interest, Ownership Percentage by Noncontrolling Owners	30.00%	30.00%	30.00%

Balances of Produced and Licens

Balances of Produced and Licensed Content Costs (Details) - USD ($) $ in Millions	Apr. 03, 2021	Oct. 03, 2020
Theatrical Film Costs [Abstract]
Released, less amortization	$ 5,468	$ 5,601
Completed, not released	1,234	732
In-process	3,823	3,581
In development or pre-production	240	278
Theatrical Film Costs	10,765	10,192
Television Costs [Abstract]
Released, less amortization	7,934	7,674
Completed, not released	947	543
In-process	3,050	2,094
In development or pre-production	209	93
Direct-to-television Film Costs	12,140	10,404
Licensed television programming rights and advances	6,157	6,597
Produced and Licensed Content, Total	29,062	27,193
Current portion	2,204	2,171
Non-current portion	26,858	25,022
Monetized individually
Theatrical Film Costs [Abstract]
Released, less amortization	2,811	3,000
Completed, not released	1,224	522
In-process	3,144	3,322
In development or pre-production	229	262
Theatrical Film Costs	7,408	7,106
Television Costs [Abstract]
Released, less amortization	1,874	2,090
Completed, not released	214	33
In-process	207	263
In development or pre-production	2	6
Direct-to-television Film Costs	2,297	2,392
Monetized as a group
Theatrical Film Costs [Abstract]
Released, less amortization	2,657	2,601
Completed, not released	10	210
In-process	679	259
In development or pre-production	11	16
Theatrical Film Costs	3,357	3,086
Television Costs [Abstract]
Released, less amortization	6,060	5,584
Completed, not released	733	510
In-process	2,843	1,831
In development or pre-production	207	87
Direct-to-television Film Costs	$ 9,843	$ 8,012

Amortization of Produced and Li

Amortization of Produced and Licensed Content Costs (Details) - USD ($) $ in Millions		3 Months Ended		6 Months Ended
		Apr. 03, 2021	Mar. 28, 2020	Apr. 03, 2021	Mar. 28, 2020
Amortization of Produced Theatrical Film Costs		$ 622	$ 731	$ 1,159	$ 1,568
Amortization of Produced Television Costs		1,377	1,666	2,650	3,347
Amortization of Produced Content Costs		1,999	2,397	3,809	4,915
Amortization of Programming Rights and Advances		2,223	2,709	6,762	6,440
Amortization of Produced and Licensed Content Costs, Total	[1]	4,222	5,106	10,571	11,355
Monetized individually
Amortization of Produced Theatrical Film Costs		352	499	649	1,025
Amortization of Produced Television Costs		406	726	721	1,480
Amortization of Produced Content Costs		758	1,225	1,370	2,505
Monetized as a group
Amortization of Produced Theatrical Film Costs		270	232	510	543
Amortization of Produced Television Costs		971	940	1,929	1,867
Amortization of Produced Content Costs		$ 1,241	$ 1,172	$ 2,439	$ 2,410
[1]	Primarily included in “Costs of services” in the Condensed Consolidated Statements of Income

Income Taxes Income Tax (Detail

Income Taxes Income Tax (Details) $ in Billions	6 Months Ended
	Apr. 03, 2021USD ($)
Income Tax [Line Items]
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent	23.00%
Significant Change in Unrecognized Tax Benefits is Reasonably Possible, Amount of Unrecorded Benefit	$ 0.5

Net Periodic Benefit Cost (Deta

Net Periodic Benefit Cost (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Apr. 03, 2021	Mar. 28, 2020	Apr. 03, 2021	Mar. 28, 2020
Defined Benefit Plan Disclosure [Line Items]
Net Periodic Defined Benefits Expense (Reversal of Expense), Excluding Service Cost Component	$ 36	$ (2)	$ 68	$ (5)
Pension Plans
Defined Benefit Plan Disclosure [Line Items]
Service costs	109	102	217	205
Interest costs	115	133	229	266
Expected return on plan assets	(274)	(273)	(549)	(546)
Amortization of previously deferred service costs	4	4	6	7
Recognized net actuarial loss	185	131	371	262
Net Periodic Defined Benefits Expense (Reversal of Expense), Excluding Service Cost Component	30	(5)	57	(11)
Net periodic benefit cost	139	97	274	194
Postretirement Medical Plans
Defined Benefit Plan Disclosure [Line Items]
Service costs	2	2	5	5
Interest costs	11	14	23	28
Expected return on plan assets	(13)	(15)	(27)	(29)
Amortization of previously deferred service costs	0	0	0	0
Recognized net actuarial loss	8	4	15	7
Net Periodic Defined Benefits Expense (Reversal of Expense), Excluding Service Cost Component	6	3	11	6
Net periodic benefit cost	$ 8	$ 5	$ 16	$ 11

Pension and Other Benefit Pro_3

Pension and Other Benefit Programs - Additional Information (Details) $ in Billions	Apr. 03, 2021USD ($)
Minimum
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Expected Future Employer Contributions, Current Fiscal Year	$ 0.5
Maximum
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Expected Future Employer Contributions, Current Fiscal Year	$ 0.6

Reconciliation of Weighted Aver

Reconciliation of Weighted Average Number of Common and Common Equivalent Shares Outstanding and Awards Excluded from Diluted Earnings Per Share Calculation (Details) - shares shares in Millions	3 Months Ended		6 Months Ended
	Apr. 03, 2021	Mar. 28, 2020	Apr. 03, 2021	Mar. 28, 2020
Shares (in millions):
Weighted average number of common and common equivalent shares outstanding (basic)	1,817	1,808	1,814	1,806
Weighted average dilutive impact of Awards	12	8	12	10
Weighted average number of common and common equivalent shares outstanding (diluted)	1,829	1,816	1,826	1,816
Awards excluded from diluted earnings per share	3	9	5	9

Equity Dividends Paid (Details)

Equity Dividends Paid (Details) $ / shares in Units, $ in Millions	3 Months Ended
	Mar. 28, 2020USD ($)$ / shares
Dividends, Common Stock [Abstract]
Common Stock, Dividends, Per Share, Cash Paid | $ / shares	$ 0.88
Dividends, Common Stock, Cash | $	$ 1,600

Equity Changes in Accumulated O

Equity Changes in Accumulated Other Comprehensive Loss, Before Tax (Details) - USD ($) $ in Millions		3 Months Ended				6 Months Ended
		Apr. 03, 2021		Mar. 28, 2020		Apr. 03, 2021	Mar. 28, 2020
Accumulated Other Comprehensive Income (Loss) [Line Items]
AOCI before Tax, Attributable to Parent, Beginning Balance		$ (10,523)		$ (8,379)		$ (10,702)	$ (8,459)
Other Comprehensive Income (Loss), before Reclassifications, before Tax		102		(195)		130	(194)
Reclassification from Accumulated Other Comprehensive Income, Current Period, before Tax		199		96		350	175
AOCI before Tax, Attributable to Parent, Ending Balance		(10,222)		(8,478)		(10,222)	(8,478)
Accumulated Net Gain (Loss) from Market Value Adjustments
Accumulated Other Comprehensive Income (Loss) [Line Items]
AOCI before Tax, Attributable to Parent, Beginning Balance		(419)	[1]	(12)	[1]	(191)	129
Other Comprehensive Income (Loss), before Reclassifications, before Tax		131	[1]	212	[1]	(54)	131
Reclassification from Accumulated Other Comprehensive Income, Current Period, before Tax		5	[1]	(42)	[1]	(38)	(102)
AOCI before Tax, Attributable to Parent, Ending Balance	[1]	(283)		158		(283)	158
Unrecognized Pension and  Postretirement Medical  Expense
Accumulated Other Comprehensive Income (Loss) [Line Items]
AOCI before Tax, Attributable to Parent, Beginning Balance		(9,227)		(7,363)		(9,423)	(7,502)
Other Comprehensive Income (Loss), before Reclassifications, before Tax		55		(43)		57	(43)
Reclassification from Accumulated Other Comprehensive Income, Current Period, before Tax		194		138		388	277
AOCI before Tax, Attributable to Parent, Ending Balance		(8,978)		(7,268)		(8,978)	(7,268)
Foreign Currency Translation and Other
Accumulated Other Comprehensive Income (Loss) [Line Items]
AOCI before Tax, Attributable to Parent, Beginning Balance		(877)		(1,004)		(1,088)	(1,086)
Other Comprehensive Income (Loss), before Reclassifications, before Tax		(84)		(364)		127	(282)
Reclassification from Accumulated Other Comprehensive Income, Current Period, before Tax		0		0		0	0
AOCI before Tax, Attributable to Parent, Ending Balance		$ (961)		$ (1,368)		$ (961)	$ (1,368)
[1]	Primarily reflects market value adjustments for cash flow hedges.

Equity Changes in Accumulated_2

Equity Changes in Accumulated Other Comprehensive Loss, Tax (Details) - USD ($) $ in Millions		3 Months Ended				6 Months Ended
		Apr. 03, 2021		Mar. 28, 2020		Apr. 03, 2021	Mar. 28, 2020
Accumulated Other Comprehensive Income (Loss) [Line Items]
AOCI Tax, Attributable to Parent, Beginning Balance		$ 2,382		$ 1,846		$ 2,380	$ 1,842
Other Comprehensive Income (Loss) before Reclassifications, Tax		(31)		17		7	39
Reclassification from AOCI, Current Period, Tax		(47)		(22)		(83)	(40)
AOCI Tax, Attributable to Parent, Ending Balance		2,304		1,841		2,304	1,841
Accumulated Net Gain (Loss) from Market Value Adjustments
Accumulated Other Comprehensive Income (Loss) [Line Items]
AOCI Tax, Attributable to Parent, Beginning Balance		95	[1]	5	[1]	40	(29)
Other Comprehensive Income (Loss) before Reclassifications, Tax		(24)	[1]	(51)	[1]	22	(31)
Reclassification from AOCI, Current Period, Tax		(2)	[1]	10	[1]	7	24
AOCI Tax, Attributable to Parent, Ending Balance	[1]	69		(36)		69	(36)
Unrecognized Pension and  Postretirement Medical  Expense
Accumulated Other Comprehensive Income (Loss) [Line Items]
AOCI Tax, Attributable to Parent, Beginning Balance		2,155		1,724		2,201	1,756
Other Comprehensive Income (Loss) before Reclassifications, Tax		(13)		10		(14)	10
Reclassification from AOCI, Current Period, Tax		(45)		(32)		(90)	(64)
AOCI Tax, Attributable to Parent, Ending Balance		2,097		1,702		2,097	1,702
Foreign Currency Translation and Other
Accumulated Other Comprehensive Income (Loss) [Line Items]
AOCI Tax, Attributable to Parent, Beginning Balance		132		117		139	115
Other Comprehensive Income (Loss) before Reclassifications, Tax		6		58		(1)	60
Reclassification from AOCI, Current Period, Tax		0		0		0	0
AOCI Tax, Attributable to Parent, Ending Balance		$ 138		$ 175		$ 138	$ 175
[1]	Primarily reflects market value adjustments for cash flow hedges.

Changes in Accumulated Other Co

Changes in Accumulated Other Comprehensive Loss, Net of Tax (Details) - USD ($) $ in Millions		3 Months Ended				6 Months Ended
		Apr. 03, 2021		Mar. 28, 2020		Apr. 03, 2021	Mar. 28, 2020
Accumulated Other Comprehensive Income (Loss) [Line Items]
AOCI, Beginning Balance		$ (8,141)		$ (6,533)		$ (8,322)	$ (6,617)
Unrealized gains (losses) arising during the period		71		(178)		137	(155)
Reclassifications of realized net (gains) losses to net income		152		74		267	135
AOCI, Ending Balance		(7,918)		(6,637)		(7,918)	(6,637)
Accumulated Net Gain (Loss) from Market Value Adjustments
Accumulated Other Comprehensive Income (Loss) [Line Items]
AOCI, Beginning Balance		(324)	[1]	(7)	[1]	(151)	100
Unrealized gains (losses) arising during the period		107	[1]	161	[1]	(32)	100
Reclassifications of realized net (gains) losses to net income		3	[1]	(32)	[1]	(31)	(78)
AOCI, Ending Balance	[1]	(214)		122		(214)	122
Unrecognized Pension and  Postretirement Medical  Expense
Accumulated Other Comprehensive Income (Loss) [Line Items]
AOCI, Beginning Balance		(7,072)		(5,639)		(7,222)	(5,746)
Unrealized gains (losses) arising during the period		42		(33)		43	(33)
Reclassifications of realized net (gains) losses to net income		149		106		298	213
AOCI, Ending Balance		(6,881)		(5,566)		(6,881)	(5,566)
Foreign Currency Translation and Other
Accumulated Other Comprehensive Income (Loss) [Line Items]
AOCI, Beginning Balance		(745)		(887)		(949)	(971)
Unrealized gains (losses) arising during the period		(78)		(306)		126	(222)
Reclassifications of realized net (gains) losses to net income		0		0		0	0
AOCI, Ending Balance		$ (823)		$ (1,193)		$ (823)	$ (1,193)
[1]	Primarily reflects market value adjustments for cash flow hedges.

Details about AOCI Components R

Details about AOCI Components Reclassified to Net Income (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Apr. 03, 2021	Mar. 28, 2020	Apr. 03, 2021	Mar. 28, 2020
Details about AOCI Components Reclassified to Net Income
Revenues	$ 15,613	$ 18,025	$ 31,862	$ 38,902
Interest expense, net	320	300	644	583
Income taxes	(108)	(523)	(124)	(981)
Net income attributable to The Walt Disney Company (Disney)	901	460	918	2,567
Reclassification out of Accumulated Other Comprehensive Income
Details about AOCI Components Reclassified to Net Income
Net income attributable to The Walt Disney Company (Disney)	(152)	(74)	(267)	(135)
Gain/(loss) in net income from Cash flow hedges | Reclassification out of Accumulated Other Comprehensive Income
Details about AOCI Components Reclassified to Net Income
Revenues	(5)	42	38	102
Income taxes	2	(10)	(7)	(24)
Net income attributable to The Walt Disney Company (Disney)	(3)	32	31	78
Gain/(loss) in net income from Pension and postretirement medical expense | Reclassification out of Accumulated Other Comprehensive Income
Details about AOCI Components Reclassified to Net Income
Interest expense, net	(194)	(138)	(388)	(277)
Income taxes	45	32	90	64
Net income attributable to The Walt Disney Company (Disney)	$ (149)	$ (106)	$ (298)	$ (213)

Compensation Expense Related to

Compensation Expense Related to Stock Options, Stock Appreciation Rights and Restricted Stock Units (Details) - USD ($) $ in Millions		3 Months Ended		6 Months Ended
		Apr. 03, 2021	Mar. 28, 2020	Apr. 03, 2021	Mar. 28, 2020
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options		$ 23	$ 28	$ 48	$ 49
RSUs		113	103	222	197
Total equity-based compensation expense	[1]	136	131	270	246
Equity-based compensation expense capitalized during the period		$ 22	$ 21	$ 56	$ 45
[1]	Equity-based compensation expense is net of capitalized equity-based compensation and estimated forfeitures and excludes amortization of previously capitalized equity-based compensation costs.

Equity-Based Compensation - Add

Equity-Based Compensation - Additional Information (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	6 Months Ended
	Apr. 03, 2021	Mar. 28, 2020
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted average grant date fair values of options issued	$ 58.41	$ 36.22
Stock Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation cost	$ 155
Stock compensation granted, number of shares	1.4
Restricted Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation cost	$ 1,261
Stock compensation granted, number of shares	4.4

Commitments and Contingencies -

Commitments and Contingencies - Additional Information (Details) $ in Millions	Apr. 03, 2021USD ($)
Sports Rights
Commitments and Contingencies Disclosure [Line Items]
Contractual Obligation	$ 36,000
Contractual Obligation, to be Paid, Year One	2,500
Contractual Obligation, to be Paid, Year Two	4,100
Contractual Obligation, to be Paid, Year Three	3,700
Contractual Obligation, to be Paid, Year Four	3,700
Guarantee Obligations
Commitments and Contingencies Disclosure [Line Items]
Guarantor Obligations, Maximum Exposure, Undiscounted	$ 226

Assets and Liabilities Measured

Assets and Liabilities Measured at Fair Value (Details) - Fair Value, Measurements, Recurring - USD ($) $ in Millions	Apr. 03, 2021	Oct. 03, 2020
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Investments	$ 1,184	$ 1,057
Other Liabilities	(351)	(294)
Total	654	1,209
Fair value of borrowings	61,127	64,818
Interest rate
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative Asset	202	515
Derivative Liabilities	(421)	(4)
Foreign exchange
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative Asset	651	505
Derivative Liabilities	(620)	(549)
Other Derivative
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative Asset	10	1
Derivative Liabilities	(1)	(22)
Level 1
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Investments	1,184	0
Other Liabilities	0	0
Total	1,184	0
Fair value of borrowings	0	0
Level 1 | Interest rate
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative Asset	0	0
Derivative Liabilities	0	0
Level 1 | Foreign exchange
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative Asset	0	0
Derivative Liabilities	0	0
Level 1 | Other Derivative
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative Asset	0	0
Derivative Liabilities	0	0
Level 2
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Investments	0	1,057
Other Liabilities	(351)	(294)
Total	(530)	1,209
Fair value of borrowings	59,729	63,370
Level 2 | Interest rate
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative Asset	202	515
Derivative Liabilities	(421)	(4)
Level 2 | Foreign exchange
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative Asset	651	505
Derivative Liabilities	(620)	(549)
Level 2 | Other Derivative
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative Asset	10	1
Derivative Liabilities	(1)	(22)
Level 3
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Investments	0	0
Other Liabilities	0	0
Total	0	0
Fair value of borrowings	1,398	1,448
Level 3 | Interest rate
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative Asset	0	0
Derivative Liabilities	0	0
Level 3 | Foreign exchange
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative Asset	0	0
Derivative Liabilities	0	0
Level 3 | Other Derivative
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative Asset	0	0
Derivative Liabilities	$ 0	$ 0

Gross Fair Value of Derivative

Gross Fair Value of Derivative Positions (Details) - USD ($) $ in Millions	Apr. 03, 2021	Oct. 03, 2020
Current Assets
Derivatives, Fair Value [Line Items]
Derivative Asset, Fair Value, Gross Asset Including Not Subject to Master Netting Arrangement	$ 349	$ 238
Derivative Asset, Counterparty Netting Offset	(295)	(143)
Derivative Asset, Collateral, Obligation to Return Cash, Offset	(1)	(26)
Net derivative positions	53	69
Current Assets | Derivatives designated as hedges | Foreign exchange
Derivatives, Fair Value [Line Items]
Derivative Asset, Fair Value, Gross Asset Including Not Subject to Master Netting Arrangement	186	184
Current Assets | Derivatives designated as hedges | Interest rate
Derivatives, Fair Value [Line Items]
Derivative Asset, Fair Value, Gross Asset Including Not Subject to Master Netting Arrangement	0	0
Current Assets | Derivatives designated as hedges | Other Derivative
Derivatives, Fair Value [Line Items]
Derivative Asset, Fair Value, Gross Asset Including Not Subject to Master Netting Arrangement	6	1
Current Assets | Derivatives not designated as hedges | Foreign exchange
Derivatives, Fair Value [Line Items]
Derivative Asset, Fair Value, Gross Asset Including Not Subject to Master Netting Arrangement	155	53
Current Assets | Derivatives not designated as hedges | Interest rate
Derivatives, Fair Value [Line Items]
Derivative Asset, Fair Value, Gross Asset Including Not Subject to Master Netting Arrangement	0	0
Current Assets | Derivatives not designated as hedges | Other Derivative
Derivatives, Fair Value [Line Items]
Derivative Asset, Fair Value, Gross Asset Including Not Subject to Master Netting Arrangement	2	0
Other Assets
Derivatives, Fair Value [Line Items]
Derivative Asset, Fair Value, Gross Asset Including Not Subject to Master Netting Arrangement	514	783
Derivative Asset, Counterparty Netting Offset	(381)	(378)
Derivative Asset, Collateral, Obligation to Return Cash, Offset	(61)	(142)
Net derivative positions	72	263
Other Assets | Derivatives designated as hedges | Foreign exchange
Derivatives, Fair Value [Line Items]
Derivative Asset, Fair Value, Gross Asset Including Not Subject to Master Netting Arrangement	219	132
Other Assets | Derivatives designated as hedges | Interest rate
Derivatives, Fair Value [Line Items]
Derivative Asset, Fair Value, Gross Asset Including Not Subject to Master Netting Arrangement	202	515
Other Assets | Derivatives designated as hedges | Other Derivative
Derivatives, Fair Value [Line Items]
Derivative Asset, Fair Value, Gross Asset Including Not Subject to Master Netting Arrangement	2	0
Other Assets | Derivatives not designated as hedges | Foreign exchange
Derivatives, Fair Value [Line Items]
Derivative Asset, Fair Value, Gross Asset Including Not Subject to Master Netting Arrangement	91	136
Other Assets | Derivatives not designated as hedges | Interest rate
Derivatives, Fair Value [Line Items]
Derivative Asset, Fair Value, Gross Asset Including Not Subject to Master Netting Arrangement	0	0
Other Assets | Derivatives not designated as hedges | Other Derivative
Derivatives, Fair Value [Line Items]
Derivative Asset, Fair Value, Gross Asset Including Not Subject to Master Netting Arrangement	0	0
Other Current Liabilities
Derivatives, Fair Value [Line Items]
Derivative Liability, Fair Value, Gross Liability Including Not Subject to Master Netting Arrangement	(741)	(197)
Derivative Liability, Counterparty netting offset	467	184
Derivative Liability, Collateral, Right to Reclaim Cash, Offset	237	0
Net derivative positions	(37)	(13)
Other Current Liabilities | Derivatives designated as hedges | Foreign exchange
Derivatives, Fair Value [Line Items]
Derivative Liability, Fair Value, Gross Liability Including Not Subject to Master Netting Arrangement	(168)	(77)
Other Current Liabilities | Derivatives designated as hedges | Interest rate
Derivatives, Fair Value [Line Items]
Derivative Liability, Fair Value, Gross Liability Including Not Subject to Master Netting Arrangement	(421)	(4)
Other Current Liabilities | Derivatives designated as hedges | Other Derivative
Derivatives, Fair Value [Line Items]
Derivative Liability, Fair Value, Gross Liability Including Not Subject to Master Netting Arrangement	(1)	(15)
Other Current Liabilities | Derivatives not designated as hedges | Foreign exchange
Derivatives, Fair Value [Line Items]
Derivative Liability, Fair Value, Gross Liability Including Not Subject to Master Netting Arrangement	(151)	(98)
Other Current Liabilities | Derivatives not designated as hedges | Interest rate
Derivatives, Fair Value [Line Items]
Derivative Liability, Fair Value, Gross Liability Including Not Subject to Master Netting Arrangement	0	0
Other Current Liabilities | Derivatives not designated as hedges | Other Derivative
Derivatives, Fair Value [Line Items]
Derivative Liability, Fair Value, Gross Liability Including Not Subject to Master Netting Arrangement	0	(3)
Other Long-Term Liabilities
Derivatives, Fair Value [Line Items]
Derivative Liability, Fair Value, Gross Liability Including Not Subject to Master Netting Arrangement	(301)	(378)
Derivative Liability, Counterparty netting offset	209	338
Derivative Liability, Collateral, Right to Reclaim Cash, Offset	78	9
Net derivative positions	(14)	(31)
Other Long-Term Liabilities | Derivatives designated as hedges | Foreign exchange
Derivatives, Fair Value [Line Items]
Derivative Liability, Fair Value, Gross Liability Including Not Subject to Master Netting Arrangement	(118)	(273)
Other Long-Term Liabilities | Derivatives designated as hedges | Interest rate
Derivatives, Fair Value [Line Items]
Derivative Liability, Fair Value, Gross Liability Including Not Subject to Master Netting Arrangement	0	0
Other Long-Term Liabilities | Derivatives designated as hedges | Other Derivative
Derivatives, Fair Value [Line Items]
Derivative Liability, Fair Value, Gross Liability Including Not Subject to Master Netting Arrangement	0	(4)
Other Long-Term Liabilities | Derivatives not designated as hedges | Foreign exchange
Derivatives, Fair Value [Line Items]
Derivative Liability, Fair Value, Gross Liability Including Not Subject to Master Netting Arrangement	(183)	(101)
Other Long-Term Liabilities | Derivatives not designated as hedges | Interest rate
Derivatives, Fair Value [Line Items]
Derivative Liability, Fair Value, Gross Liability Including Not Subject to Master Netting Arrangement	0	0
Other Long-Term Liabilities | Derivatives not designated as hedges | Other Derivative
Derivatives, Fair Value [Line Items]
Derivative Liability, Fair Value, Gross Liability Including Not Subject to Master Netting Arrangement	$ 0	$ 0

Derivative Instruments Carrying

Derivative Instruments Carrying Amount and Cumulative Basis Adjustment for Fair Value Hedges (Details) - USD ($) $ in Millions	Apr. 03, 2021	Oct. 03, 2020
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Hedged Liability, Fair Value Hedge	$ 15,628	$ 16,982
Hedged Liability, Fair Value Hedge, Cumulative Increase (Decrease)	(217)	509
Current Portion of Borrowings
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Hedged Liability, Fair Value Hedge	0	753
Hedged Liability, Fair Value Hedge, Cumulative Increase (Decrease)	0	4
Borrowings
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Hedged Liability, Fair Value Hedge	15,628	16,229
Hedged Liability, Fair Value Hedge, Cumulative Increase (Decrease)	$ (217)	$ 505

Adjustments Related to Fair Val

Adjustments Related to Fair Value Hedges Included in Net Interest Expense in Condensed Consolidated Statements of Income (Details) - Interest rate - Interest Expense - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Apr. 03, 2021	Mar. 28, 2020	Apr. 03, 2021	Mar. 28, 2020
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) on pay-floating swaps	$ (577)	$ 542	$ (724)	$ 429
Gain (loss) on hedged borrowings	577	(542)	724	(429)
Derivative, Gain (Loss) on Derivative, Net	$ 36	$ (7)	$ 71	$ (19)

Derivative Instruments Effect o

Derivative Instruments Effect of Foreign Currency Cash Flow Hedges on AOCI (Details) - USD ($) $ in Millions		3 Months Ended		6 Months Ended
		Apr. 03, 2021	Mar. 28, 2020	Apr. 03, 2021	Mar. 28, 2020
Foreign Currency Fair Value Hedge Derivative [Line Items]
Unrealized Gain (Loss) on Foreign Currency Derivatives, Net, before Tax		$ 92	$ 234	$ (59)	$ 149
Foreign Currency Cash Flow Hedge Gain (Loss) Reclassified to Earnings, Net	[1]	$ (4)	$ 43	$ 40	$ 103
[1]	Primarily recorded in revenue.

Adjustments Related to Cross Cu

Adjustments Related to Cross Currency Swap Hedges Included in Net Interest Expense in Condensed Consolidated Statements of Income (Details) - Interest Expense - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Apr. 03, 2021	Mar. 28, 2020	Apr. 03, 2021	Mar. 28, 2020
Currency Swap
Derivative Instruments, Gain (Loss) [Line Items]
Change in Unrealized Gain (Loss) on Fair Value Hedging Instruments	$ 14	$ 0	$ 56	$ 0
Borrowings hedge with cross currency swaps
Derivative Instruments, Gain (Loss) [Line Items]
Change in Unrealized Gain (Loss) on Fair Value Hedging Instruments	$ (14)	$ 0	$ (56)	$ 0

Net Gains or Losses Recognized

Net Gains or Losses Recognized on Economic Exposures Associated With Foreign Currency Exchange Contracts (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Apr. 03, 2021	Mar. 28, 2020	Apr. 03, 2021	Mar. 28, 2020
Costs and Expenses
Derivative Instruments, Gain (Loss) [Line Items]
Net gain (loss) on foreign currency denominated assets and liabilities	$ (97)	$ (241)	$ 61	$ (172)
Net gain (loss) on foreign exchange risk management contracts not designated as hedges	91	239	(96)	159
Net gain (loss)	(6)	(2)	(35)	(13)
Interest Expense
Derivative Instruments, Gain (Loss) [Line Items]
Net gain (loss) on foreign currency denominated assets and liabilities	(14)	64	(55)	52
Net gain (loss) on foreign exchange risk management contracts not designated as hedges	12	(62)	55	(52)
Net gain (loss)	(2)	2	0	0
Income Taxes
Derivative Instruments, Gain (Loss) [Line Items]
Net gain (loss) on foreign currency denominated assets and liabilities	25	8	(34)	(7)
Net gain (loss) on foreign exchange risk management contracts not designated as hedges	(20)	(20)	30	(3)
Net gain (loss)	$ 5	$ (12)	$ (4)	$ (10)

Derivative Instruments - Additi

Derivative Instruments - Additional Information (Details) $ in Millions, $ in Millions	3 Months Ended	6 Months Ended
	Apr. 03, 2021USD ($)	Apr. 03, 2021USD ($)	Apr. 03, 2021CAD ($)	Oct. 03, 2020USD ($)	Oct. 03, 2020CAD ($)
Derivative [Line Items]
Net deferred gains recorded in AOCI for contracts that will mature in the next twelve months	$ 9
Hedging Period for Foreign Currency Transactions, Maximum		4 years
Aggregate fair value of derivative instruments with credit-risk-related contingent features in a net liability position by counterparty	366	$ 366		$ 53
Derivatives designated as hedges | Interest rate | Fair Value Hedging
Derivative [Line Items]
Derivative, Notional Amount	15,200	15,200		15,800
Derivatives designated as hedges | Foreign exchange | Cash Flow Hedging
Derivative [Line Items]
Derivative, Notional Amount	4,700	4,700		4,600
Derivatives designated as hedges | Currency Swap | Fair Value Hedging
Derivative [Line Items]
Derivative, Notional Amount	1,000	1,000	$ 1,300	1,000	$ 1,300
Not Designated as Hedging Instrument | Foreign exchange
Derivative [Line Items]
Derivative, Notional Amount	4,200	4,200		3,500
Not Designated as Hedging Instrument | Other Derivative
Derivative [Line Items]
Derivative, Notional Amount	$ 300	$ 300		$ 300

Restructuring and Impairment _2

Restructuring and Impairment Charges - Additional Details (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Apr. 03, 2021	Mar. 28, 2020	Apr. 03, 2021	Mar. 28, 2020
Restructuring Cost and Reserve [Line Items]
Restructuring charges	$ 414	$ 145	$ 527	$ 295
Restricted Stock or Unit Expense	113	$ 103	222	$ 197
TFCF Integration | TFCF
Restructuring Cost and Reserve [Line Items]
Restructuring charges			1,700
TFCF Integration | TFCF | Employee Severance
Restructuring Cost and Reserve [Line Items]
Restructuring charges			1,300
TFCF Integration | TFCF | Vest Upon Acquisition
Restructuring Cost and Reserve [Line Items]
Restricted Stock or Unit Expense			$ 300
Closure of Animation Studio and Retail Stores
Restructuring Cost and Reserve [Line Items]
Restructuring charges	$ 400