The Walt Disney Company (DIS) 10-Q 8 Feb 23 2023 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Dec. 31, 2022	Feb. 01, 2023
Document Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Dec. 31, 2022
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		1,826,807,227
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	Q1
Entity Central Index Key	0001744489
Current Fiscal Year End Date	--09-30
Amendment Flag	false

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($) shares in Millions, $ in Millions		3 Months Ended
		Dec. 31, 2022	Jan. 01, 2022
Revenues		$ 23,512	$ 21,819
Selling, general, administrative and other		(3,827)	(3,787)
Depreciation and amortization		(1,306)	(1,269)
Total costs and expenses		(21,519)	(19,623)
Restructuring and impairment charges		(69)	0
Other expense, net	[1]	(42)	(436)
Interest expense, net		(300)	(311)
Equity in the income of investees		191	239
Income from continuing operations before income taxes		1,773	1,688
Income taxes on continuing operations		(412)	(488)
Net Income from Continuing Operations		1,361	1,200
Loss from discontinued operations, net of income tax benefit of $0 and $14, respectively		0	(48)
Net Income		1,361	1,152
Net Income from Continuing Operations Attributable to Noncontrolling Interests		(82)	(48)
Net income attributable to Disney		$ 1,279	$ 1,104
Earnings per share attributable to Disney:
Continuing Operations, Per Diluted Share		$ 0.70	$ 0.63
Discontinued Operations, Per Diluted Share		0	(0.03)
Diluted	[2]	0.70	0.60
Continuing Operations, Per Basic Share		0.70	0.63
Discontinued Operation, Per Basic Share		0	(0.03)
Basic	[2]	$ 0.70	$ 0.61
Weighted average number of common and common equivalent shares outstanding:
Diluted (shares)		1,827	1,828
Basic (shares)		1,825	1,819
Service
Revenues		$ 20,997	$ 19,542
Cost of Goods and Services Sold		(14,781)	(13,161)
Product
Revenues		2,515	2,277
Cost of Goods and Services Sold		$ (1,605)	$ (1,406)
[1]See Note 4 for a discussion of amounts in other expense, net.[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
	Dec. 31, 2022	Jan. 01, 2022
Discontinued Operation, Tax Effect of Discontinued Operation	$ 0	$ (14)

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Millions	3 Months Ended
	Dec. 31, 2022	Jan. 01, 2022
Net income	$ 1,361	$ 1,152
Other Comprehensive Income/(Loss), Net of Tax:
Market value adjustments for hedges	(542)	50
Pension and postretirement medical plan adjustments	1	155
Foreign currency translation and other	227	(22)
Other comprehensive income (loss)	(314)	183
Comprehensive income	1,047	1,335
Net income from continuing operations attributable to noncontrolling interests	(82)	(48)
Other comprehensive loss attributable to noncontrolling interests	(45)	(19)
Comprehensive income attributable to Disney	$ 920	$ 1,268

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Dec. 31, 2022	Oct. 01, 2022
Current assets
Cash and Cash Equivalents	$ 8,470	$ 11,615
Receivables, net	13,993	12,652
Inventories	1,830	1,742
Content advances	1,300	1,890
Other current assets	1,319	1,199
Total current assets	26,912	29,098
Produced and licensed content costs	36,266	35,777
Investments	3,169	3,218
Attractions, buildings and equipment	68,253	66,998
Accumulated depreciation	(40,641)	(39,356)
Parks, resorts and other property before projects in progress and land, Total	27,612	27,642
Projects in progress	5,430	4,814
Land	1,158	1,140
Parks, resorts and other property	34,200	33,596
Intangible assets, net	14,347	14,837
Goodwill	77,867	77,897
Other assets	9,363	9,208
Total assets	202,124	203,631
Current liabilities
Accounts payable and other accrued liabilities	18,149	20,213
Current portion of borrowings	3,249	3,070
Deferred revenue and other	5,672	5,790
Total current liabilities	27,070	29,073
Borrowings	45,128	45,299
Deferred income taxes	8,236	8,363
Other long-term liabilities	12,812	12,518
Commitments and contingencies
Redeemable Noncontrolling Interests	8,743	9,499
Equity
Preferred stock	0	0
Common stock, $0.01 par value, Authorized – 4.6 billion shares, Issued – 1.8 billion shares	56,579	56,398
Retained earnings	44,955	43,636
Accumulated other comprehensive loss	(4,478)	(4,119)
Treasury stock, at cost, 19 million shares	(907)	(907)
Total Disney Shareholders' equity	96,149	95,008
Noncontrolling interests	3,986	3,871
Total equity	100,135	98,879
Total liabilities and equity	$ 202,124	$ 203,631

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares shares in Millions	Dec. 31, 2022	Oct. 01, 2022
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	3 Months Ended
	Dec. 31, 2022	Jan. 01, 2022
Net Income from Continuing Operations	$ 1,361	$ 1,200
OPERATING ACTIVITIES
Depreciation and amortization	1,306	1,269
Net (gain) loss on investments	68	436
Deferred income taxes	(15)	726
Equity in the income of investees	(191)	(239)
Cash distributions received from equity investees	176	223
Net change in produced and licensed content costs and advances	558	507
Equity-based compensation	270	196
Pension and postretirement medical benefit cost amortization	1	155
Other, net	(232)	(7)
Changes in operating assets and liabilities:
Receivables	(1,423)	(1,401)
Inventories	(88)	(14)
Other assets	(443)	(115)
Accounts payable and other liabilities	(2,378)	(2,579)
Income taxes	56	(566)
Cash used in operations - continuing operations	(974)	(209)
INVESTING ACTIVITIES
Investments in parks, resorts and other property	(1,181)	(981)
Other, net	(111)	(6)
Cash used in investing activities - continuing operations	(1,292)	(987)
FINANCING ACTIVITIES
Commercial paper borrowings (payments), net	799	(124)
Borrowings	67	33
Reduction of borrowings	(1,000)	0
Sale of noncontrolling interest	178	0
Acquisition of redeemable noncontrolling interest	(900)	0
Other, net	(187)	(189)
Cash used in financing activities - continuing operations	(1,043)	(280)
CASH FLOWS FROM DISCONTINUED OPERATIONS
Cash provided by operations - discontinued operations	0	8
Cash used in financing activities - discontinued operations	0	(12)
Cash used in discontinued operations	0	(4)
Impact of Exchange Rate on Cash, Cash Equivalents and Restricted Cash	164	(35)
Change in Cash, Cash Equivalents and Restricted Cash	(3,145)	(1,515)
Cash, Cash Equivalents and Restricted Cash, Beginning of Period	11,661	16,003
Cash, Cash Equivalents and Restricted Cash, End of Period	$ 8,516	$ 14,488

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	[1]	Total excluding redeemable noncontrolling interest
BEGINNING BALANCE (in shares) at Oct. 02, 2021		1,818
Beginning Balance at Oct. 02, 2021		$ 55,471	$ 40,429	$ (6,440)	$ (907)	$ 88,553	$ 4,458		$ 93,011
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Comprehensive income (loss)	$ 1,335		1,104	164		1,268	(4)		1,264
Equity compensation activity (in shares)		3
Equity compensation activity		$ 29				29			29
Contributions	0						29		29
Distributions and other		$ 0	14			14	(37)		(23)
ENDING BALANCE (in shares) at Jan. 01, 2022		1,821
Ending Balance at Jan. 01, 2022		$ 55,500	41,547	(6,276)	(907)	89,864	4,446		94,310
BEGINNING BALANCE (in shares) at Oct. 01, 2022		1,824
Beginning Balance at Oct. 01, 2022	98,879	$ 56,398	43,636	(4,119)	(907)	95,008	3,871		98,879
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Comprehensive income (loss)	1,047		1,279	(359)		920	(16)		904
Equity compensation activity (in shares)		2
Equity compensation activity		$ 180				180			180
Contributions	178						178		178
Distributions and other		$ 1	40			41	(47)		(6)
ENDING BALANCE (in shares) at Dec. 31, 2022		1,826
Ending Balance at Dec. 31, 2022	$ 100,135	$ 56,579	$ 44,955	$ (4,478)	$ (907)	$ 96,149	$ 3,986		$ 100,135
[1]Excludes redeemable noncontrolling interests.

Principles of Consolidation

Principles of Consolidation	3 Months Ended
	Dec. 31, 2022
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 statement of the results for the interim period. Operating results for the quarter ended December 31, 2022 are not necessarily indicative of the results that may be expected for the year ending September 30, 2023. The terms “Company,” “Disney,” “we,” “us,” and “our” are used in this report to refer collectively to the parent company, The Walt Disney Company, as well as the subsidiaries through which its various businesses are actually conducted. These financial statements should be read in conjunction with the Company’s 2022 Annual Report on Form 10-K. 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 Hulu LLC (Hulu), a direct-to-consumer (DTC) streaming service provider, which 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, in either case at a redemption value based on NBCU’s equity ownership percentage of the greater of Hulu’s then equity fair value or a guaranteed floor value of $27.5 billion. NBCU’s interest will generally not be allocated its portion of Hulu’s losses, if any, 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 December 31, 2022, NBCU’s interest in Hulu is recorded in the Company’s financial statements at $8.7 billion, which is reported as “Redeemable noncontrolling interest” in the Condensed Consolidated Balance Sheets. We are accreting NBCU’s interest in Hulu to its guaranteed floor value. In determining the redemption value, our estimate of Hulu’s equity fair value in January 2024 requires management to make significant judgments. If our estimate of the future fair value of Hulu’s equity increased above the guaranteed floor value, we would change our rate of accretion, which would generally increase the amount recorded in “Net income from continuing operations attributable to noncontrolling interests” and thus reduce “Net income attributable to Disney” in the Condensed Consolidated Statements of Income. At October 1, 2022, Major League Baseball (MLB) held a 15% redeemable noncontrolling interest in BAMTech LLC (BAMTech), which was recorded in the Company’s financial statements at $828 million. In November 2022, the Company purchased MLB’s redeemable noncontrolling interest for $900 million, resulting in $72 million recorded as an increase in “Net income from continuing operations attributable to noncontrolling interests” in the Condensed Consolidated Statements of Income. Use of Estimates The preparation of financial statements in conformity with GAAP 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 2022 financial statements and notes to conform to the fiscal 2023 presentation.

Segment Information

Segment Information	3 Months Ended
	Dec. 31, 2022
Segment Information	Segment Information The Company’s operations are conducted in the Disney Media and Entertainment Distribution (DMED) and Disney Parks, Experiences and Products (DPEP) segments. Our operating segments report separate financial information, which is evaluated regularly by the Chief Executive Officer to allocate resources and assess performance. 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. Segment revenues and segment operating income (loss) are as follows: Quarter Ended December 31, January 1, Revenues: Disney Media and Entertainment Distribution $ 14,776 $ 14,585 Disney Parks, Experiences and Products 8,736 7,234 Total segment revenues $ 23,512 $ 21,819 Segment operating income (loss): Disney Media and Entertainment Distribution $ (10) $ 808 Disney Parks, Experiences and Products 3,053 2,450 Total segment operating income (1) $ 3,043 $ 3,258 (1) Equity in the income of investees is included in segment operating income as follows: Quarter Ended December 31, January 1, Disney Media and Entertainment Distribution $ 196 $ 245 Disney Parks, Experiences and Products (2) (3) Equity in the income of investees included in segment operating income 194 242 Amortization of TFCF intangible assets related to equity investees (3) (3) Equity in the income of investees, net $ 191 $ 239 A reconciliation of segment operating income to income from continuing operations before income taxes is as follows: Quarter Ended December 31, January 1, Segment operating income $ 3,043 $ 3,258 Corporate and unallocated shared expenses (280) (228) Restructuring and impairment charges (69) — Other expense, net (1) (42) (436) Interest expense, net (300) (311) TFCF and Hulu acquisition amortization (2) (579) (595) Income from continuing operations before income taxes $ 1,773 $ 1,688 (1) See Note 4 for a discussion of amounts in other expense, net. (2) For the quarter ended December 31, 2022 amortization of intangible assets, step-up of film and television costs and intangibles related to TFCF equity investees were $417 million, $159 million and $3 million, respectively. For the quarter ended January 1, 2022 amortization of intangible assets, step-up of film and television costs and intangibles related to TFCF equity investees were $435 million, $157 million, and $3 million, respectively. Goodwill The changes in the carrying amount of goodwill are as follows: DMED DPEP Total Balance at October 1, 2022 $ 72,347 $ 5,550 $ 77,897 Currency translation adjustments and other, net (30) — (30) Balance at December 31, 2022 $ 72,317 $ 5,550 $ 77,867

Revenues

Revenues	3 Months Ended
	Dec. 31, 2022
Revenue from Contract with Customer [Abstract]
Revenue from Contract with Customer	Revenues The following table presents our revenues by segment and major source: Quarter Ended December 31, 2022 Quarter Ended January 1, 2022 DMED DPEP Total DMED DPEP Total Affiliate fees $ 4,242 $ — $ 4,242 $ 4,371 $ — $ 4,371 Subscription fees 4,240 — 4,240 3,598 — 3,598 Advertising 3,442 1 3,443 3,868 1 3,869 Theme park admissions — 2,641 2,641 — 2,152 2,152 Resort and vacations — 1,980 1,980 — 1,445 1,445 Retail and wholesale sales of merchandise, food and beverage — 2,382 2,382 — 2,089 2,089 Merchandise licensing — 1,143 1,143 — 1,119 1,119 TV/SVOD distribution licensing 979 — 979 1,396 — 1,396 Theatrical distribution licensing 1,140 — 1,140 529 — 529 Home entertainment 135 — 135 294 — 294 Other 598 589 1,187 529 428 957 $ 14,776 $ 8,736 $ 23,512 $ 14,585 $ 7,234 $ 21,819 The following table presents our revenues by segment and primary geographical markets: Quarter Ended December 31, 2022 Quarter Ended January 1, 2022 DMED DPEP Total DMED DPEP Total Americas $ 12,018 $ 6,953 $ 18,971 $ 11,830 $ 5,711 $ 17,541 Europe 1,574 1,066 2,640 1,538 865 2,403 Asia Pacific 1,184 717 1,901 1,217 658 1,875 Total revenues $ 14,776 $ 8,736 $ 23,512 $ 14,585 $ 7,234 $ 21,819 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 licenses for titles made available to the licensee in previous reporting periods. For the quarter ended December 31, 2022, $0.3 billion was recognized related to performance obligations satisfied as of October 1, 2022. For the quarter ended January 1, 2022, $0.4 billion was recognized related to performance obligations satisfied as of October 2, 2021. As of December 31, 2022, revenue for unsatisfied performance obligations expected to be recognized in the future is $15 billion, primarily for content and other IP to be made available in the future under existing agreements with merchandise and co-branding licensees and sponsors, television station affiliates, sports sublicensees, advertisers, and DTC wholesalers. Of this amount, we expect to recognize approximately $4 billion in the remainder of fiscal 2023, $4 billion in fiscal 2024, $3 billion in fiscal 2025 and $4 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. The Company’s contract assets and activity for the current and prior-year periods were not material. Accounts receivable and deferred revenues from contracts with customers are as follows: December 31, October 1, Accounts receivable Current $ 12,222 $ 10,886 Non-current 1,193 1,226 Allowance for credit losses (166) (179) Deferred revenues Current 5,392 5,531 Non-current 908 927 For the quarter ended December 31, 2022, the Company recognized revenue of $3.4 billion that was included in the October 1, 2022 deferred revenue balance. For the quarter ended January 1, 2022, the Company recognized revenue of $1.9 billion that was included in the October 2, 2021 deferred revenue balance. Amounts deferred generally relate to theme park admissions and vacation packages, DTC subscriptions and advances related to merchandise and TV/SVOD licenses. 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, 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 (TV/SVOD licensing) 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 TV/SVOD licensing receivables recorded in other non-current assets was $0.6 billion at both December 31, 2022 and October 1, 2022. The balance of vacation club receivables recorded in other non-current assets was $0.6 billion at both December 31, 2022 and October 1, 2022. The allowance for credit losses and activity for the period ended December 31, 2022 was not material.

Other Expense, Net

Other Expense, Net	3 Months Ended
	Dec. 31, 2022
Other Income and Expenses [Abstract]
Other Income and Other Expense Disclosure [Text Block]	Other Expense, net Other expense, net is as follows: Quarter Ended December 31, January 1, DraftKings loss $ (70) $ (432) Other, net 28 (4) Other expense, net $ (42) $ (436) In the current quarter, the Company recognized a $70 million non-cash loss to adjust its investment in DraftKings, Inc. (DraftKings) to fair value (DraftKings loss). In the prior-year quarter, the Company recorded a $432 million DraftKings loss.

Cash, Cash Equivalents, Restric

Cash, Cash Equivalents, Restricted Cash and Borrowings	3 Months Ended
	Dec. 31, 2022
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 Sheets to the total of the amounts reported in the Condensed Consolidated Statements of Cash Flows. December 31, October 1, Cash and cash equivalents $ 8,470 $ 11,615 Restricted cash included in: Other current assets 3 3 Other assets 43 43 Total cash, cash equivalents and restricted cash in the statement of cash flows $ 8,516 $ 11,661 Borrowings During the quarter ended December 31, 2022, the Company’s borrowing activity was as follows: October 1, Borrowings Payments Other December 31, Commercial paper with original maturities less than three months $ 50 $ 362 $ — $ 1 $ 413 Commercial paper with original maturities greater than three months 1,612 1,151 (714) 10 2,059 U.S. dollar denominated notes 45,091 — (1,000) (33) 44,058 Asia Theme Parks borrowings 1,425 66 — 58 1,549 Foreign currency denominated debt and other (1) 191 1 — 106 298 $ 48,369 $ 1,580 $ (1,714) $ 142 $ 48,377 (1) The other activity is primarily due to market value adjustments for debt with qualifying hedges. At December 31, 2022, 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 2023 $ 5,250 $ — $ 5,250 Facility expiring March 2025 3,000 — 3,000 Facility expiring March 2027 4,000 — 4,000 Total $ 12,250 $ — $ 12,250 These facilities allow for borrowings at SOFR-based rates plus a fixed spread that varies with the Company’s debt ratings assigned by Moody’s Investors Service and Standard and Poor’s ranging from 0.755% to 1.225%. The bank facilities contain only one financial covenant, relating to 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 December 31, 2022, the Company met this covenant by a significant margin. The bank facilities specifically exclude certain entities, including the Asia Theme Parks, from any representations, covenants or events of default. The Company also has the ability to issue up to $500 million of letters of credit under the facility expiring in March 2027, which if utilized, reduces available borrowings under this facility. As of December 31, 2022, the Company has $2.0 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 a significant portion of the contract price of two new cruise ships, which are scheduled to be delivered in fiscal 2025 and fiscal 2026. Under the facilities, $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 within a period of 18 months from the initial availability date. If utilized, the interest rates will be fixed at 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 9) are reported net in the Condensed Consolidated Statements of Income and consist of the following: Quarter Ended December 31, January 1, Interest expense $ (465) $ (361) Interest and investment income 79 34 Net periodic pension and postretirement benefit costs (other than service costs) 86 16 Interest expense, net $ (300) $ (311) Interest and investment income includes gains and losses on certain 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	3 Months Ended
	Dec. 31, 2022
Equity Method Investments and Joint Ventures [Abstract]
International Theme Parks	International Theme ParksThe 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 Sheets: December 31, October 1, 2022 Cash and cash equivalents $ 301 $ 280 Other current assets 179 137 Total current assets 480 417 Parks, resorts and other property 6,462 6,356 Other assets 161 161 Total assets $ 7,103 $ 6,934 Current liabilities $ 514 $ 468 Long-term borrowings 1,549 1,426 Other long-term liabilities 410 395 Total liabilities $ 2,473 $ 2,289 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 quarter ended December 31, 2022: Revenues $ 996 Costs and expenses (991) Equity in the loss of investees (2) Asia Theme Parks’ royalty and management fees of $24 million for the quarter ended December 31, 2022 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 quarter ended December 31, 2022 were $195 million provided by operating activities, $292 million used in investing activities and $66 million provided by 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 provided loans to Hong Kong Disneyland Resort with outstanding balances of $155 million and $104 million, respectively. The interest rate on both loans 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 ($269 million), which bears interest at a rate of three month HIBOR plus 1.25%. The line of credit was increased to HK $2.7 billion ($346 million) in November 2022 and matures in December 2028. The outstanding balance under the line of credit at December 31, 2022 was $232 million. The Company’s line of credit is eliminated in consolidation. 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 $940 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 1.9 billion yuan (approximately $0.3 billion) line of credit bearing interest at 8%. As of December 31, 2022, the total amount outstanding under the line of credit was 1.2 billion yuan (approximately $176 million). These balances are eliminated in consolidation. Shendi has provided Shanghai Disney Resort with loans totaling 8.4 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

Produced and Acquired_Licensed

Produced and Acquired/Licensed Content Costs and Advances	3 Months Ended
	Dec. 31, 2022
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 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 December 31, 2022 As of October 1, 2022 Predominantly Monetized Individually Predominantly Monetized Total Predominantly Monetized Individually Predominantly Monetized Total Produced content Released, less amortization $ 5,263 $ 13,358 $ 18,621 $ 4,639 $ 12,688 $ 17,327 Completed, not released 116 1,632 1,748 214 2,019 2,233 In-process 4,047 7,502 11,549 5,041 6,793 11,834 In development or pre-production 338 174 512 372 254 626 $ 9,764 $ 22,666 32,430 $ 10,266 $ 21,754 32,020 Licensed content - Television programming rights and advances 5,136 5,647 Total produced and licensed content $ 37,566 $ 37,667 Current portion $ 1,300 $ 1,890 Non-current portion $ 36,266 $ 35,777 Amortization of produced and licensed content is as follows: Quarter Ended December 31, January 1, Produced content Predominantly monetized individually $ 1,157 $ 1,033 Predominantly monetized as a group 2,160 1,618 3,317 2,651 Licensed programming rights and advances 4,539 4,811 Total produced and licensed content costs (1) $ 7,856 $ 7,462 (1) Primarily included in “Costs of services” in the Condensed Consolidated Statements of Income.

Income Taxes Income Tax

Income Taxes Income Tax	3 Months Ended
	Dec. 31, 2022
Income Tax Disclosure [Abstract]
Income Tax Disclosure [Text Block]	Income Taxes Unrecognized Tax Benefits During the quarter ended December 31, 2022, the Company increased its gross unrecognized tax benefits (before interest and penalties) by $0.1 billion to $2.6 billion. 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 $0.1 billion.

Pension and Other Benefit Progr

Pension and Other Benefit Programs	3 Months Ended
	Dec. 31, 2022
Retirement Benefits [Abstract]
Pension and Other Benefit Programs	Pension and Other Benefit Programs The components of net periodic benefit cost (income) are as follows: Pension Plans Postretirement Medical Plans Quarter Ended Quarter Ended December 31, January 1, December 31, January 1, Service costs $ 65 $ 100 $ 1 $ 2 Other costs (benefits): Interest costs 196 124 20 13 Expected return on plan assets (288) (293) (15) (15) Amortization of previously deferred service costs 2 1 — — Recognized net actuarial loss 5 147 (6) 7 Total other costs (benefits) (85) (21) (1) 5 Net periodic benefit cost (income) $ (20) $ 79 $ — $ 7 During the quarter ended December 31, 2022, the Company did not make any material contributions to its pension and postretirement medical plans and does not currently expect to make any material contributions for the remainder of fiscal 2023. Final minimum funding requirements for fiscal 2023 will be determined based on a January 1, 2023 funding actuarial valuation, which is expected to be received in the fourth quarter of fiscal 2023.

Earnings Per Share

Earnings Per Share	3 Months Ended
	Dec. 31, 2022
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 December 31, January 1, Shares (in millions): Weighted average number of common and common equivalent shares outstanding (basic) 1,825 1,819 Weighted average dilutive impact of Awards 2 9 Weighted average number of common and common equivalent shares outstanding (diluted) 1,827 1,828 Awards excluded from diluted earnings per share 26 4

Equity

Equity	3 Months Ended
	Dec. 31, 2022
Equity [Abstract]
Equity	Equity 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 for Hedges Unrecognized Foreign AOCI AOCI, before tax First quarter of fiscal 2023 Balance at October 1, 2022 $ 804 $ (3,770) $ (2,014) $ (4,980) Quarter Ended December 31, 2022: Unrealized gains (losses) arising during the period (475) — 146 (329) Reclassifications of realized net (gains) losses to net income (218) 1 42 (175) Balance at December 31, 2022 $ 111 $ (3,769) $ (1,826) $ (5,484) First quarter of fiscal 2022 Balance at October 2, 2021 $ (152) $ (7,025) $ (1,047) $ (8,224) Quarter Ended January 1, 2022: Unrealized gains (losses) arising during the period 87 47 (37) 97 Reclassifications of realized net (gains) losses to net income (18) 155 — 137 Balance at January 1, 2022 $ (83) $ (6,823) $ (1,084) $ (7,990) Market Value Adjustments for Hedges Unrecognized Foreign AOCI Tax on AOCI First quarter of fiscal 2023 Balance at October 1, 2022 $ (179) $ 901 $ 139 $ 861 Quarter Ended December 31, 2022: Unrealized gains (losses) arising during the period 100 — 8 108 Reclassifications of realized net (gains) losses to net income 51 — (14) 37 Balance at December 31, 2022 $ (28) $ 901 $ 133 $ 1,006 First quarter of fiscal 2022 Balance at October 2, 2021 $ 42 $ 1,653 $ 89 $ 1,784 Quarter Ended January 1, 2022: Unrealized gains (losses) arising during the period (23) (11) (4) (38) Reclassifications of realized net (gains) losses to net income 4 (36) — (32) Balance at January 1, 2022 $ 23 $ 1,606 $ 85 $ 1,714 Market Value Adjustments for Hedges Unrecognized Foreign AOCI AOCI, after tax First quarter of fiscal 2023 Balance at October 1, 2022 $ 625 $ (2,869) $ (1,875) $ (4,119) Quarter Ended December 31, 2022: Unrealized gains (losses) arising during the period (375) — 154 (221) Reclassifications of realized net (gains) losses to net income (167) 1 28 (138) Balance at December 31, 2022 $ 83 $ (2,868) $ (1,693) $ (4,478) First quarter of fiscal 2022 Balance at October 2, 2021 $ (110) $ (5,372) $ (958) $ (6,440) Quarter Ended January 1, 2022: Unrealized gains (losses) arising during the period 64 36 (41) 59 Reclassifications of realized net (gains) losses to net income (14) 119 — 105 Balance at January 1, 2022 $ (60) $ (5,217) $ (999) $ (6,276) Details about AOCI components reclassified to net income are as follows: Gain (loss) in net income: Affected line item in the Condensed Consolidated Statements of Operations: Quarter Ended December 31, January 1, Market value adjustments, primarily cash flow hedges Primarily revenue $ 218 $ 18 Estimated tax Income taxes (51) (4) 167 14 Pension and postretirement medical expense Interest expense, net (1) (155) Estimated tax Income taxes — 36 (1) (119) Foreign currency translation and other Restructuring and impairment charges (42) — Estimated tax Income taxes 14 — (28) — Total reclassifications for the period $ 138 $ (105)

Equity-Based Compensation

Equity-Based Compensation	3 Months Ended
	Dec. 31, 2022
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 December 31, January 1, Stock options $ 19 $ 24 RSUs 251 172 Total equity-based compensation expense (1) $ 270 $ 196 Equity-based compensation expense capitalized during the period $ 36 $ 30 (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 $119 million and $2.2 billion, respectively, as of December 31, 2022. During the quarter ended December 31, 2022 and January 1, 2022, the weighted average grant date fair values for options granted were $34.71 and $47.66, respectively, and for RSUs were $91.89 and $149.95, respectively. During the quarter ended December 31, 2022, the Company made equity compensation grants consisting of 1.5 million stock options and 9.4 million RSUs.

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Dec. 31, 2022
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.

Fair Value Measurements

Fair Value Measurements	3 Months Ended
	Dec. 31, 2022
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 December 31, 2022 Level 1 Level 2 Level 3 Total Assets Investments $ 240 $ — $ — $ 240 Derivatives Foreign exchange — 1,133 — 1,133 Other — 9 — 9 Liabilities Derivatives Interest rate — (1,722) — (1,722) Foreign exchange — (834) — (834) Other — (17) — (17) Other — (436) — (436) Total recorded at fair value $ 240 $ (1,867) $ — $ (1,627) Fair value of borrowings $ — $ 43,364 $ 1,639 $ 45,003 Fair Value Measurement at October 1, 2022 Level 1 Level 2 Level 3 Total Assets Investments $ 308 $ — $ — $ 308 Derivatives Interest rate — 1 — 1 Foreign exchange — 2,223 — 2,223 Other — 10 — 10 Liabilities Derivatives Interest rate — (1,783) — (1,783) Foreign exchange — (1,239) — (1,239) Other — (31) — (31) Other — (354) — (354) Total recorded at fair value $ 308 $ (1,173) $ — $ (865) Fair value of borrowings $ — $ 42,509 $ 1,510 $ 44,019 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, had an impact on derivative fair value estimates that was not material. 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.

Derivative Instruments

Derivative Instruments	3 Months Ended
	Dec. 31, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Instruments	Derivative Instruments The 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 December 31, 2022 Current Other Assets Other Current Liabilities Other Long- Derivatives designated as hedges Foreign exchange $ 559 $ 365 $ (234) $ (221) Interest rate — — (1,722) — Other 8 1 (3) — Derivatives not designated as hedges Foreign exchange 208 1 (378) (1) Other — — (14) — Gross fair value of derivatives 775 367 (2,351) (222) Counterparty netting (653) (264) 804 113 Cash collateral (received) paid (63) (22) 1,491 72 Net derivative positions $ 59 $ 81 $ (56) $ (37) As of October 1, 2022 Current Other Assets Other Current Liabilities Other Long- Derivatives designated as hedges Foreign exchange $ 864 $ 786 $ (228) $ (350) Interest rate — 1 (1,783) — Other 10 — (4) — Derivatives not designated as hedges Foreign exchange 336 247 (374) (287) Other — — (27) — Gross fair value of derivatives 1,210 1,034 (2,416) (637) Counterparty netting (831) (715) 1,070 476 Cash collateral (received) paid (341) (151) 1,282 96 Net derivative positions $ 38 $ 168 $ (64) $ (65) 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. The total notional amount of the Company’s pay-floating interest rate swaps at both December 31, 2022 and October 1, 2022, was $13.5 billion and $14.5 billion, respectively. The following table summarizes fair value hedge adjustments to hedged borrowings: Carrying Amount of Hedged Borrowings Fair Value Adjustments Included December 31, October 1, 2022 December 31, October 1, 2022 Borrowings: Current $ — $ 997 $ — $ (3) Long-term 12,465 12,358 (1,666) (1,733) $ 12,465 $ 13,355 $ (1,666) $ (1,736) The following amounts are included in “Interest expense, net” in the Condensed Consolidated Statements of Income: Quarter Ended December 31, January 1, Gain (loss) on: Pay-floating swaps $ 71 $ (178) Borrowings hedged with pay-floating swaps (71) 178 Benefit (expense) associated with interest accruals on pay-floating swaps (95) 37 The Company may designate pay-fixed interest rate swaps as cash flow hedges of interest payments on floating-rate borrowings. Pay-fixed interest rate 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 December 31, 2022 or at October 1, 2022, and gains and losses related to pay-fixed interest rate swaps recognized in earnings for the quarter ended December 31, 2022 and January 1, 2022 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 December 31, 2022 and October 1, 2022, the notional amounts of the Company’s net foreign exchange cash flow hedges were $7.3 billion and $7.4 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 $317 million. The following table summarizes the effect of foreign exchange cash flow hedges on AOCI: Quarter Ended December 31, January 1, Gain (loss) recognized in Other Comprehensive Income $ (502) $ 79 Gain (loss) reclassified from AOCI into the Statements of Operations (1) 222 13 (1) Primarily recorded in revenue. The Company designates cross currency swaps as fair value hedges of foreign currency denominated borrowings. The impact from the change in foreign currency on both the cross currency swap and borrowing is recorded to “Interest expense, net.” The impact from interest rate changes is recorded in AOCI and is amortized over the life of the cross currency swap. As of December 31, 2022 and October 1, 2022, 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 ($0.9 billion), respectively. The related gains or losses recognized in earnings were not material for the quarters ended December 31, 2022 and January 1, 2022. 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 December 31, 2022 and October 1, 2022 were $4.2 billion and $3.8 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: December 31, January 1, December 31, January 1, December 31, January 1, Net gains (losses) on foreign currency denominated assets and liabilities $ 145 $ (63) $ (18) $ 1 $ (88) $ 8 Net gains (losses) on foreign exchange risk management contracts not designated as hedges (213) 33 18 — 70 (8) Net gains (losses) $ (68) $ (30) $ — $ 1 $ (18) $ — 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 December 31, 2022 and October 1, 2022 and related gains or losses recognized in earnings for the quarter and quarter ended December 31, 2022 and January 1, 2022 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 December 31, 2022 and October 1, 2022 were $0.4 billion and $0.4 billion, respectively. The related gains or losses recognized in earnings were not material for the quarters ended December 31, 2022 and January 1, 2022. 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 $1.7 billion and $1.5 billion on December 31, 2022 and October 1, 2022, respectively.

Restructuring and Impairment Ch

Restructuring and Impairment Charges	3 Months Ended
	Dec. 31, 2022
Restructuring and Related Activities [Abstract]
Restructuring and Related Activities Disclosure	Restructuring and Impairment ChargesFor the quarter ended December 31, 2022, the Company recognized restructuring charges of $69 million related to exiting our businesses in Russia. These charges are recorded in “Restructuring and impairment charges” in the Condensed Consolidated Statements of Income.

New Accounting Pronouncements

New Accounting Pronouncements	3 Months Ended
	Dec. 31, 2022
Accounting Standards Update and Change in Accounting Principle [Abstract]
New Accounting Pronouncements	New Accounting Pronouncements Accounting Pronouncements Not Yet Adopted Disclosures by Business Entities about Government Assistance In November 2021, the FASB issued guidance requiring annual disclosures about transactions with a government that are accounted for by analogizing to a grant or contribution accounting model. The new guidance requires the disclosure of the nature of the transactions, the accounting for the transactions, and the effect of the transactions on the financial statements. The guidance is effective for annual periods beginning with the Company’s 2023 fiscal year. While the guidance will not have an effect on the Company’s Consolidated Statements of Operations or Consolidated Balance Sheets upon adoption, in the fourth quarter of fiscal 2023, the Company may need to disclose the effects on the financial statements of incentives related to the production of content, which are the most significant type of government assistance we receive.

Segment Information (Tables)

Segment Information (Tables)	3 Months Ended
	Dec. 31, 2022
Financial Information by Operating Segments	Segment revenues and segment operating income (loss) are as follows: Quarter Ended December 31, January 1, Revenues: Disney Media and Entertainment Distribution $ 14,776 $ 14,585 Disney Parks, Experiences and Products 8,736 7,234 Total segment revenues $ 23,512 $ 21,819 Segment operating income (loss): Disney Media and Entertainment Distribution $ (10) $ 808 Disney Parks, Experiences and Products 3,053 2,450 Total segment operating income (1) $ 3,043 $ 3,258 (1) Equity in the income of investees is included in segment operating income as follows: Quarter Ended December 31, January 1, Disney Media and Entertainment Distribution $ 196 $ 245 Disney Parks, Experiences and Products (2) (3) Equity in the income of investees included in segment operating income 194 242 Amortization of TFCF intangible assets related to equity investees (3) (3) Equity in the income of investees, net $ 191 $ 239
Equity In Income of Investees By Segment	Equity in the income of investees is included in segment operating income as follows: Quarter Ended December 31, January 1, Disney Media and Entertainment Distribution $ 196 $ 245 Disney Parks, Experiences and Products (2) (3) Equity in the income of investees included in segment operating income 194 242 Amortization of TFCF intangible assets related to equity investees (3) (3) Equity in the income of investees, net $ 191 $ 239
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 December 31, January 1, Segment operating income $ 3,043 $ 3,258 Corporate and unallocated shared expenses (280) (228) Restructuring and impairment charges (69) — Other expense, net (1) (42) (436) Interest expense, net (300) (311) TFCF and Hulu acquisition amortization (2) (579) (595) Income from continuing operations before income taxes $ 1,773 $ 1,688 (1) See Note 4 for a discussion of amounts in other expense, net. (2) For the quarter ended December 31, 2022 amortization of intangible assets, step-up of film and television costs and intangibles related to TFCF equity investees were $417 million, $159 million and $3 million, respectively. For the quarter ended January 1, 2022 amortization of intangible assets, step-up of film and television costs and intangibles related to TFCF equity investees were $435 million, $157 million, and $3 million, respectively.
Schedule of Goodwill	The changes in the carrying amount of goodwill are as follows: DMED DPEP Total Balance at October 1, 2022 $ 72,347 $ 5,550 $ 77,897 Currency translation adjustments and other, net (30) — (30) Balance at December 31, 2022 $ 72,317 $ 5,550 $ 77,867

Revenues (Tables)

Revenues (Tables)	3 Months Ended
	Dec. 31, 2022
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 December 31, 2022 Quarter Ended January 1, 2022 DMED DPEP Total DMED DPEP Total Affiliate fees $ 4,242 $ — $ 4,242 $ 4,371 $ — $ 4,371 Subscription fees 4,240 — 4,240 3,598 — 3,598 Advertising 3,442 1 3,443 3,868 1 3,869 Theme park admissions — 2,641 2,641 — 2,152 2,152 Resort and vacations — 1,980 1,980 — 1,445 1,445 Retail and wholesale sales of merchandise, food and beverage — 2,382 2,382 — 2,089 2,089 Merchandise licensing — 1,143 1,143 — 1,119 1,119 TV/SVOD distribution licensing 979 — 979 1,396 — 1,396 Theatrical distribution licensing 1,140 — 1,140 529 — 529 Home entertainment 135 — 135 294 — 294 Other 598 589 1,187 529 428 957 $ 14,776 $ 8,736 $ 23,512 $ 14,585 $ 7,234 $ 21,819
Disaggregation of Revenue by Geographical Markets	The following table presents our revenues by segment and primary geographical markets: Quarter Ended December 31, 2022 Quarter Ended January 1, 2022 DMED DPEP Total DMED DPEP Total Americas $ 12,018 $ 6,953 $ 18,971 $ 11,830 $ 5,711 $ 17,541 Europe 1,574 1,066 2,640 1,538 865 2,403 Asia Pacific 1,184 717 1,901 1,217 658 1,875 Total revenues $ 14,776 $ 8,736 $ 23,512 $ 14,585 $ 7,234 $ 21,819
Contract with Customer, Asset and Liability	Accounts receivable and deferred revenues from contracts with customers are as follows: December 31, October 1, Accounts receivable Current $ 12,222 $ 10,886 Non-current 1,193 1,226 Allowance for credit losses (166) (179) Deferred revenues Current 5,392 5,531 Non-current 908 927

Other Expense, Net (Tables)

Other Expense, Net (Tables)	3 Months Ended
	Dec. 31, 2022
Other Income and Expenses [Abstract]
Other Nonoperating Income and Expense [Text Block]	Other expense, net is as follows: Quarter Ended December 31, January 1, DraftKings loss $ (70) $ (432) Other, net 28 (4) Other expense, net $ (42) $ (436)

Cash, Cash Equivalents, Restr_2

Cash, Cash Equivalents, Restricted Cash and Borrowings (Tables)	3 Months Ended
	Dec. 31, 2022
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 Sheets to the total of the amounts reported in the Condensed Consolidated Statements of Cash Flows. December 31, October 1, Cash and cash equivalents $ 8,470 $ 11,615 Restricted cash included in: Other current assets 3 3 Other assets 43 43 Total cash, cash equivalents and restricted cash in the statement of cash flows $ 8,516 $ 11,661
Borrowing Activity	During the quarter ended December 31, 2022, the Company’s borrowing activity was as follows: October 1, Borrowings Payments Other December 31, Commercial paper with original maturities less than three months $ 50 $ 362 $ — $ 1 $ 413 Commercial paper with original maturities greater than three months 1,612 1,151 (714) 10 2,059 U.S. dollar denominated notes 45,091 — (1,000) (33) 44,058 Asia Theme Parks borrowings 1,425 66 — 58 1,549 Foreign currency denominated debt and other (1) 191 1 — 106 298 $ 48,369 $ 1,580 $ (1,714) $ 142 $ 48,377 (1) The other activity is primarily due to market value adjustments for debt with qualifying hedges.
Line of Credit Facilities	At December 31, 2022, 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 2023 $ 5,250 $ — $ 5,250 Facility expiring March 2025 3,000 — 3,000 Facility expiring March 2027 4,000 — 4,000 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 9) are reported net in the Condensed Consolidated Statements of Income and consist of the following: Quarter Ended December 31, January 1, Interest expense $ (465) $ (361) Interest and investment income 79 34 Net periodic pension and postretirement benefit costs (other than service costs) 86 16 Interest expense, net $ (300) $ (311)

International Theme Parks (Tabl

International Theme Parks (Tables)	3 Months Ended
	Dec. 31, 2022
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 Sheets: December 31, October 1, 2022 Cash and cash equivalents $ 301 $ 280 Other current assets 179 137 Total current assets 480 417 Parks, resorts and other property 6,462 6,356 Other assets 161 161 Total assets $ 7,103 $ 6,934 Current liabilities $ 514 $ 468 Long-term borrowings 1,549 1,426 Other long-term liabilities 410 395 Total liabilities $ 2,473 $ 2,289
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 quarter ended December 31, 2022: Revenues $ 996 Costs and expenses (991) Equity in the loss of investees (2)

Produced and Acquired_License_2

Produced and Acquired/Licensed Content Costs and Advances (Tables)	3 Months Ended
	Dec. 31, 2022
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 December 31, 2022 As of October 1, 2022 Predominantly Monetized Individually Predominantly Monetized Total Predominantly Monetized Individually Predominantly Monetized Total Produced content Released, less amortization $ 5,263 $ 13,358 $ 18,621 $ 4,639 $ 12,688 $ 17,327 Completed, not released 116 1,632 1,748 214 2,019 2,233 In-process 4,047 7,502 11,549 5,041 6,793 11,834 In development or pre-production 338 174 512 372 254 626 $ 9,764 $ 22,666 32,430 $ 10,266 $ 21,754 32,020 Licensed content - Television programming rights and advances 5,136 5,647 Total produced and licensed content $ 37,566 $ 37,667 Current portion $ 1,300 $ 1,890 Non-current portion $ 36,266 $ 35,777
Amortization of Produced and Licensed Content Costs	Amortization of produced and licensed content is as follows: Quarter Ended December 31, January 1, Produced content Predominantly monetized individually $ 1,157 $ 1,033 Predominantly monetized as a group 2,160 1,618 3,317 2,651 Licensed programming rights and advances 4,539 4,811 Total produced and licensed content costs (1) $ 7,856 $ 7,462 (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)	3 Months Ended
	Dec. 31, 2022
Retirement Benefits [Abstract]
Net Periodic Benefit Cost	The components of net periodic benefit cost (income) are as follows: Pension Plans Postretirement Medical Plans Quarter Ended Quarter Ended December 31, January 1, December 31, January 1, Service costs $ 65 $ 100 $ 1 $ 2 Other costs (benefits): Interest costs 196 124 20 13 Expected return on plan assets (288) (293) (15) (15) Amortization of previously deferred service costs 2 1 — — Recognized net actuarial loss 5 147 (6) 7 Total other costs (benefits) (85) (21) (1) 5 Net periodic benefit cost (income) $ (20) $ 79 $ — $ 7

Earnings Per Share (Tables)

Earnings Per Share (Tables)	3 Months Ended
	Dec. 31, 2022
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 December 31, January 1, Shares (in millions): Weighted average number of common and common equivalent shares outstanding (basic) 1,825 1,819 Weighted average dilutive impact of Awards 2 9 Weighted average number of common and common equivalent shares outstanding (diluted) 1,827 1,828 Awards excluded from diluted earnings per share 26 4

Equity (Tables)

Equity (Tables)	3 Months Ended
	Dec. 31, 2022
Equity [Abstract]
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 for Hedges Unrecognized Foreign AOCI AOCI, before tax First quarter of fiscal 2023 Balance at October 1, 2022 $ 804 $ (3,770) $ (2,014) $ (4,980) Quarter Ended December 31, 2022: Unrealized gains (losses) arising during the period (475) — 146 (329) Reclassifications of realized net (gains) losses to net income (218) 1 42 (175) Balance at December 31, 2022 $ 111 $ (3,769) $ (1,826) $ (5,484) First quarter of fiscal 2022 Balance at October 2, 2021 $ (152) $ (7,025) $ (1,047) $ (8,224) Quarter Ended January 1, 2022: Unrealized gains (losses) arising during the period 87 47 (37) 97 Reclassifications of realized net (gains) losses to net income (18) 155 — 137 Balance at January 1, 2022 $ (83) $ (6,823) $ (1,084) $ (7,990) Market Value Adjustments for Hedges Unrecognized Foreign AOCI Tax on AOCI First quarter of fiscal 2023 Balance at October 1, 2022 $ (179) $ 901 $ 139 $ 861 Quarter Ended December 31, 2022: Unrealized gains (losses) arising during the period 100 — 8 108 Reclassifications of realized net (gains) losses to net income 51 — (14) 37 Balance at December 31, 2022 $ (28) $ 901 $ 133 $ 1,006 First quarter of fiscal 2022 Balance at October 2, 2021 $ 42 $ 1,653 $ 89 $ 1,784 Quarter Ended January 1, 2022: Unrealized gains (losses) arising during the period (23) (11) (4) (38) Reclassifications of realized net (gains) losses to net income 4 (36) — (32) Balance at January 1, 2022 $ 23 $ 1,606 $ 85 $ 1,714 Market Value Adjustments for Hedges Unrecognized Foreign AOCI AOCI, after tax First quarter of fiscal 2023 Balance at October 1, 2022 $ 625 $ (2,869) $ (1,875) $ (4,119) Quarter Ended December 31, 2022: Unrealized gains (losses) arising during the period (375) — 154 (221) Reclassifications of realized net (gains) losses to net income (167) 1 28 (138) Balance at December 31, 2022 $ 83 $ (2,868) $ (1,693) $ (4,478) First quarter of fiscal 2022 Balance at October 2, 2021 $ (110) $ (5,372) $ (958) $ (6,440) Quarter Ended January 1, 2022: Unrealized gains (losses) arising during the period 64 36 (41) 59 Reclassifications of realized net (gains) losses to net income (14) 119 — 105 Balance at January 1, 2022 $ (60) $ (5,217) $ (999) $ (6,276)
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 Condensed Consolidated Statements of Operations: Quarter Ended December 31, January 1, Market value adjustments, primarily cash flow hedges Primarily revenue $ 218 $ 18 Estimated tax Income taxes (51) (4) 167 14 Pension and postretirement medical expense Interest expense, net (1) (155) Estimated tax Income taxes — 36 (1) (119) Foreign currency translation and other Restructuring and impairment charges (42) — Estimated tax Income taxes 14 — (28) — Total reclassifications for the period $ 138 $ (105)

Equity-Based Compensation (Tabl

Equity-Based Compensation (Tables)	3 Months Ended
	Dec. 31, 2022
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 December 31, January 1, Stock options $ 19 $ 24 RSUs 251 172 Total equity-based compensation expense (1) $ 270 $ 196 Equity-based compensation expense capitalized during the period $ 36 $ 30 (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)	3 Months Ended
	Dec. 31, 2022
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 December 31, 2022 Level 1 Level 2 Level 3 Total Assets Investments $ 240 $ — $ — $ 240 Derivatives Foreign exchange — 1,133 — 1,133 Other — 9 — 9 Liabilities Derivatives Interest rate — (1,722) — (1,722) Foreign exchange — (834) — (834) Other — (17) — (17) Other — (436) — (436) Total recorded at fair value $ 240 $ (1,867) $ — $ (1,627) Fair value of borrowings $ — $ 43,364 $ 1,639 $ 45,003 Fair Value Measurement at October 1, 2022 Level 1 Level 2 Level 3 Total Assets Investments $ 308 $ — $ — $ 308 Derivatives Interest rate — 1 — 1 Foreign exchange — 2,223 — 2,223 Other — 10 — 10 Liabilities Derivatives Interest rate — (1,783) — (1,783) Foreign exchange — (1,239) — (1,239) Other — (31) — (31) Other — (354) — (354) Total recorded at fair value $ 308 $ (1,173) $ — $ (865) Fair value of borrowings $ — $ 42,509 $ 1,510 $ 44,019

Derivative Instruments (Tables)

Derivative Instruments (Tables)	3 Months Ended
	Dec. 31, 2022
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 December 31, 2022 Current Other Assets Other Current Liabilities Other Long- Derivatives designated as hedges Foreign exchange $ 559 $ 365 $ (234) $ (221) Interest rate — — (1,722) — Other 8 1 (3) — Derivatives not designated as hedges Foreign exchange 208 1 (378) (1) Other — — (14) — Gross fair value of derivatives 775 367 (2,351) (222) Counterparty netting (653) (264) 804 113 Cash collateral (received) paid (63) (22) 1,491 72 Net derivative positions $ 59 $ 81 $ (56) $ (37) As of October 1, 2022 Current Other Assets Other Current Liabilities Other Long- Derivatives designated as hedges Foreign exchange $ 864 $ 786 $ (228) $ (350) Interest rate — 1 (1,783) — Other 10 — (4) — Derivatives not designated as hedges Foreign exchange 336 247 (374) (287) Other — — (27) — Gross fair value of derivatives 1,210 1,034 (2,416) (637) Counterparty netting (831) (715) 1,070 476 Cash collateral (received) paid (341) (151) 1,282 96 Net derivative positions $ 38 $ 168 $ (64) $ (65)
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 December 31, October 1, 2022 December 31, October 1, 2022 Borrowings: Current $ — $ 997 $ — $ (3) Long-term 12,465 12,358 (1,666) (1,733) $ 12,465 $ 13,355 $ (1,666) $ (1,736)
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 December 31, January 1, Gain (loss) on: Pay-floating swaps $ 71 $ (178) Borrowings hedged with pay-floating swaps (71) 178 Benefit (expense) associated with interest accruals on pay-floating swaps (95) 37
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 December 31, January 1, Gain (loss) recognized in Other Comprehensive Income $ (502) $ 79 Gain (loss) reclassified from AOCI into the Statements of Operations (1) 222 13 (1) Primarily recorded in revenue.
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: December 31, January 1, December 31, January 1, December 31, January 1, Net gains (losses) on foreign currency denominated assets and liabilities $ 145 $ (63) $ (18) $ 1 $ (88) $ 8 Net gains (losses) on foreign exchange risk management contracts not designated as hedges (213) 33 18 — 70 (8) Net gains (losses) $ (68) $ (30) $ — $ 1 $ (18) $ —

Principles of Consolidation Pri

Principles of Consolidation Principles of Consolidation - Additional Information (Details) - USD ($) $ in Millions	Nov. 30, 2022	Dec. 31, 2022	Oct. 01, 2022	May 13, 2019
Schedule of Equity Method Investments
Redeemable Noncontrolling Interests		$ 8,743	$ 9,499
Hulu LLC
Schedule of Equity Method Investments
Equity Method Investment, Ownership Percentage		67%
Hulu LLC | Equity Interest Held by NBC Universal
Schedule of Equity Method Investments
Equity Method Investment, Ownership Percentage		33%
Redeemable Noncontrolling Interest, Equity, Redemption Value				$ 27,500
Redeemable Noncontrolling Interests		$ 8,700
BAMTech, LLC | MLB
Schedule of Equity Method Investments
Equity Method Investment, Ownership Percentage			15%
Redeemable Noncontrolling Interest, Equity, Redemption Value	$ 900		$ 828
Net Income (Loss) Attributable to Redeemable Noncontrolling Interest	$ 72

Financial Information by Operat

Financial Information by Operating Segments (Details) - USD ($) $ in Millions	3 Months Ended
	Dec. 31, 2022	Jan. 01, 2022
Segment Reporting Information
Revenues	$ 23,512	$ 21,819
Segment operating income	3,043	3,258
Disney Media and Entertainment Distribution
Segment Reporting Information
Revenues	14,776	14,585
Segment operating income	(10)	808
Disney Parks, Experiences and Products
Segment Reporting Information
Revenues	8,736	7,234
Segment operating income	3,053	2,450
Total Segments
Segment Reporting Information
Revenues	$ 23,512	$ 21,819

Equity in the Income of Investe

Equity in the Income of Investees included in Segment Operating Results (Details) - USD ($) $ in Millions	3 Months Ended
	Dec. 31, 2022	Jan. 01, 2022
Schedule of Equity Method Investments
Equity in the income of investees	$ 191	$ 239
Amortization of Intangible Assets Held by Equity Investees	(3)	(3)
Disney Media and Entertainment Distribution
Schedule of Equity Method Investments
Equity in the income of investees	196	245
Disney Parks, Experiences and Products
Schedule of Equity Method Investments
Equity in the income of investees	(2)	(3)
Total Segments
Schedule of Equity Method Investments
Equity in the income of investees	$ 194	$ 242

Reconciliation of Segment Opera

Reconciliation of Segment Operating Income to Income before Income Taxes (Details) - USD ($) $ in Millions		3 Months Ended
		Dec. 31, 2022	Jan. 01, 2022
Reconciling Items for Operating Income (Loss) from Segment to Consolidated
Segment operating income		$ 3,043	$ 3,258
Corporate and unallocated shared expenses		(280)	(228)
Restructuring and impairment charges		(69)	0
Other expense, net	[1]	(42)	(436)
Interest expense, net		(300)	(311)
Amortization of Intangible Assets	[2]	(579)	(595)
Income from continuing operations before income taxes		$ 1,773	$ 1,688
[1]See Note 4 for a discussion of amounts in other expense, net.[2]For the quarter ended December 31, 2022 amortization of intangible assets, step-up of film and television costs and intangibles related to TFCF equity investees were $417 million, $159 million and $3 million, respectively. For the quarter ended January 1, 2022 amortization of intangible assets, step-up of film and television costs and intangibles related to TFCF equity investees were $435 million, $157 million, and $3 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
		Dec. 31, 2022	Jan. 01, 2022
Amortization of Intangible Assets	[1]	$ 579	$ 595
Amortization of Intangible Assets Held by Equity Investees		(3)	(3)
TFCF and Hulu
Amortization of Intangible Assets		417	435
Amortization		159	157
Amortization of Intangible Assets Held by Equity Investees		$ 3	$ 3
[1]For the quarter ended December 31, 2022 amortization of intangible assets, step-up of film and television costs and intangibles related to TFCF equity investees were $417 million, $159 million and $3 million, respectively. For the quarter ended January 1, 2022 amortization of intangible assets, step-up of film and television costs and intangibles related to TFCF equity investees were $435 million, $157 million, and $3 million, respectively.

Acquisitions Changes in Carry A

Acquisitions Changes in Carry Amount of Goodwill (Details) $ in Millions	3 Months Ended
	Dec. 31, 2022 USD ($)
Goodwill [Line Items]
Beginning balance	$ 77,897
Currency translation adjustments and other, net	(30)
Ending balance	77,867
Disney Media and Entertainment Distribution
Goodwill [Line Items]
Beginning balance	72,347
Currency translation adjustments and other, net	(30)
Ending balance	72,317
Disney Parks, Experiences and Products
Goodwill [Line Items]
Beginning balance	5,550
Currency translation adjustments and other, net	0
Ending balance	$ 5,550

Disaggregation of Revenue by Ma

Disaggregation of Revenue by Major Source (Details) - USD ($) $ in Millions	3 Months Ended
	Dec. 31, 2022	Jan. 01, 2022
Disaggregation of Revenue [Line Items]
Revenues	$ 23,512	$ 21,819
Affiliate fees
Disaggregation of Revenue [Line Items]
Revenues	4,242	4,371
Subscription fees
Disaggregation of Revenue [Line Items]
Revenues	4,240	3,598
Advertising
Disaggregation of Revenue [Line Items]
Revenues	3,443	3,869
Theme park admissions
Disaggregation of Revenue [Line Items]
Revenues	2,641	2,152
Resort and vacations
Disaggregation of Revenue [Line Items]
Revenues	1,980	1,445
Retail and wholesale sales of merchandise, food and beverage
Disaggregation of Revenue [Line Items]
Revenues	2,382	2,089
Merchandise licensing
Disaggregation of Revenue [Line Items]
Revenues	1,143	1,119
TV/SVOD distribution licensing
Disaggregation of Revenue [Line Items]
Revenues	979	1,396
Theatrical distribution licensing
Disaggregation of Revenue [Line Items]
Revenues	1,140	529
Home entertainment
Disaggregation of Revenue [Line Items]
Revenues	135	294
Other
Disaggregation of Revenue [Line Items]
Revenues	1,187	957
Disney Media and Entertainment Distribution
Disaggregation of Revenue [Line Items]
Revenues	14,776	14,585
Disney Media and Entertainment Distribution | Affiliate fees
Disaggregation of Revenue [Line Items]
Revenues	4,242	4,371
Disney Media and Entertainment Distribution | Subscription fees
Disaggregation of Revenue [Line Items]
Revenues	4,240	3,598
Disney Media and Entertainment Distribution | Advertising
Disaggregation of Revenue [Line Items]
Revenues	3,442	3,868
Disney Media and Entertainment Distribution | Merchandise licensing
Disaggregation of Revenue [Line Items]
Revenues	0	0
Disney Media and Entertainment Distribution | TV/SVOD distribution licensing
Disaggregation of Revenue [Line Items]
Revenues	979	1,396
Disney Media and Entertainment Distribution | Theatrical distribution licensing
Disaggregation of Revenue [Line Items]
Revenues	1,140	529
Disney Media and Entertainment Distribution | Home entertainment
Disaggregation of Revenue [Line Items]
Revenues	135	294
Disney Media and Entertainment Distribution | Other
Disaggregation of Revenue [Line Items]
Revenues	598	529
Disney Parks, Experiences and Products
Disaggregation of Revenue [Line Items]
Revenues	8,736	7,234
Disney Parks, Experiences and Products | Advertising
Disaggregation of Revenue [Line Items]
Revenues	1	1
Disney Parks, Experiences and Products | Theme park admissions
Disaggregation of Revenue [Line Items]
Revenues	2,641	2,152
Disney Parks, Experiences and Products | Resort and vacations
Disaggregation of Revenue [Line Items]
Revenues	1,980	1,445
Disney Parks, Experiences and Products | Retail and wholesale sales of merchandise, food and beverage
Disaggregation of Revenue [Line Items]
Revenues	2,382	2,089
Disney Parks, Experiences and Products | Merchandise licensing
Disaggregation of Revenue [Line Items]
Revenues	1,143	1,119
Disney Parks, Experiences and Products | Other
Disaggregation of Revenue [Line Items]
Revenues	$ 589	$ 428

Disaggregation of Revenue by Ge

Disaggregation of Revenue by Geographical Markets (Details) - USD ($) $ in Millions	3 Months Ended
	Dec. 31, 2022	Jan. 01, 2022
Disaggregation of Revenue [Line Items]
Revenues	$ 23,512	$ 21,819
Americas
Disaggregation of Revenue [Line Items]
Revenues	18,971	17,541
Europe
Disaggregation of Revenue [Line Items]
Revenues	2,640	2,403
Asia Pacific
Disaggregation of Revenue [Line Items]
Revenues	1,901	1,875
Disney Media and Entertainment Distribution
Disaggregation of Revenue [Line Items]
Revenues	14,776	14,585
Disney Media and Entertainment Distribution | Americas
Disaggregation of Revenue [Line Items]
Revenues	12,018	11,830
Disney Media and Entertainment Distribution | Europe
Disaggregation of Revenue [Line Items]
Revenues	1,574	1,538
Disney Media and Entertainment Distribution | Asia Pacific
Disaggregation of Revenue [Line Items]
Revenues	1,184	1,217
Disney Parks, Experiences and Products
Disaggregation of Revenue [Line Items]
Revenues	8,736	7,234
Disney Parks, Experiences and Products | Americas
Disaggregation of Revenue [Line Items]
Revenues	6,953	5,711
Disney Parks, Experiences and Products | Europe
Disaggregation of Revenue [Line Items]
Revenues	1,066	865
Disney Parks, Experiences and Products | Asia Pacific
Disaggregation of Revenue [Line Items]
Revenues	$ 717	$ 658

Contract with Customer, Asset a

Contract with Customer, Asset and Liability (Details) - USD ($) $ in Millions	Dec. 31, 2022	Oct. 01, 2022
Accounts Receivable, before Allowance for Credit Loss, Current	$ 12,222	$ 10,886
Accounts Receivable, before Allowance for Credit Loss, Noncurrent	1,193	1,226
Contract with Customer, Asset, Allowance for Credit Loss	(166)	(179)
Contract with Customer, Liability, Current	5,392	5,531
Contract with Customer, Liability, Noncurrent	$ 908	$ 927

Revenues - Additional Informati

Revenues - Additional Information (Details) - USD ($) $ in Millions	3 Months Ended
	Dec. 31, 2022	Jan. 01, 2022	Oct. 01, 2022
Contract with Customer, Performance Obligation Satisfied in Previous Period	$ 300	$ 400
Revenue, Remaining Performance Obligation, Amount	15,000
Contract with Customer, Liability, Revenue Recognized	3,400	$ 1,900
Syndicated programming
Long-term receivables, net of allowance for credit losses	600		$ 600
Mortgage Receivable
Long-term receivables, net of allowance for credit losses	600		$ 600
Unsatisfied performance obligation recognized in fiscal 2023
Revenue, Remaining Performance Obligation, Amount	4,000
Unsatisfied performance obligation recognized in fiscal 2024
Revenue, Remaining Performance Obligation, Amount	4,000
Unsatisfied performance obligation recognized in fiscal 2025
Revenue, Remaining Performance Obligation, Amount	3,000
Unsatisfied performance obligation recognized thereafter
Revenue, Remaining Performance Obligation, Amount	$ 4,000

Other Expense, Net (Details)

Other Expense, Net (Details) - USD ($) $ in Millions		3 Months Ended
		Dec. 31, 2022	Jan. 01, 2022
Schedule of Other Income and Expense [Line Items]
Other Nonoperating Income (Expense)		$ 28	$ (4)
Other expense, net	[1]	(42)	(436)
DraftKings
Schedule of Other Income and Expense [Line Items]
Gain (Loss) on Investments		$ (70)	$ (432)
[1]See Note 4 for a discussion of amounts in other expense, net.

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	Dec. 31, 2022	Oct. 01, 2022	Jan. 01, 2022	Oct. 02, 2021
Accounting Policies [Abstract]
Cash and Cash Equivalents	$ 8,470	$ 11,615
Restricted Cash and Investments, Current	3	3
Restricted Cash and Investments, Noncurrent	43	43
Cash, Cash Equivalents and Restricted Cash in the Statement of Cash Flows	$ 8,516	$ 11,661	$ 14,488	$ 16,003

Borrowing Activity (Details)

Borrowing Activity (Details) $ in Millions	3 Months Ended
	Dec. 31, 2022 USD ($)
Borrowings [Roll Forward]
Borrowings beginning balance	$ 48,369
Borrowings	1,580
Payments	(1,714)
Other Activity	142
Borrowings ending balance	48,377
Commercial paper with original maturities less than three months
Borrowings [Roll Forward]
Borrowings beginning balance	50
Borrowings	362
Payments	0
Other Activity	1
Borrowings ending balance	413
Commercial paper with original maturities greater than three months
Borrowings [Roll Forward]
Borrowings beginning balance	1,612
Borrowings	1,151
Payments	(714)
Other Activity	10
Borrowings ending balance	2,059
U.S. dollar denominated notes
Borrowings [Roll Forward]
Borrowings beginning balance	45,091
Borrowings	0
Payments	(1,000)
Other Activity	(33)
Borrowings ending balance	44,058
Asia International Theme Parks borrowings
Borrowings [Roll Forward]
Borrowings beginning balance	1,425
Borrowings	66
Payments	0
Other Activity	58
Borrowings ending balance	1,549
Foreign currency denominated debt and other
Borrowings [Roll Forward]
Borrowings beginning balance	191
Borrowings	1
Payments	0
Other Activity	106	[1]
Borrowings ending balance	$ 298
[1]The other activity is primarily due to market value adjustments for debt with qualifying hedges.

Cash, Cash Equivalents, Restr_3

Cash, Cash Equivalents, Restricted Cash and Borrowings Line of Credit Facilities (Details) $ in Millions	Dec. 31, 2022 USD ($)
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 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
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

Cash, Cash Equivalents, Restr_4

Cash, Cash Equivalents, Restricted Cash and Borrowings Interest Expense, net (Details) - USD ($) $ in Millions	3 Months Ended
	Dec. 31, 2022	Jan. 01, 2022
Interest expense	$ (465)	$ (361)
Interest and investment income	79	34
Net periodic pension and postretirement benefit costs other than service costs	86	16
Interest expense, net	$ (300)	$ (311)

Cash, Cash Equivalents, Restr_5

Cash, Cash Equivalents, Restricted Cash and Borrowings - Additional Information (Details) $ in Millions	3 Months Ended
	Dec. 31, 2022 USD ($)
Debt Instrument [Line Items]
Line of Credit Facility, Interest Rate Description	These facilities allow for borrowings at SOFR-based rates plus a fixed spread that varies with the Company’s debt ratings assigned by Moody’s Investors Service and Standard and Poor’s ranging from 0.755% to 1.225%.
Line of Credit Facility, Maximum Borrowing Capacity	$ 12,250
Letters of Credit Outstanding, Amount	$ 2,000
Minimum
Debt Instrument [Line Items]
Variable Spread Above SOFR	0.755%
Maximum
Debt Instrument [Line Items]
Variable Spread Above SOFR	1.225%
Letter of Credit
Debt Instrument [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity	$ 500
Existing Line of Credit 3
Debt Instrument [Line Items]
Line of Credit Facility, Expiration Date	Mar. 31, 2023
Line of Credit Facility, Maximum Borrowing Capacity	$ 5,250
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
Existing Line Of Credit 1
Debt Instrument [Line Items]
Line of Credit Facility, Expiration Date	Mar. 31, 2027
Line of Credit Facility, Maximum Borrowing Capacity	$ 4,000
Credit Facility available beginning August 2023 | Disney Cruise Line
Debt Instrument [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity	$ 1,100
Debt Instrument, Interest Rate, Stated Percentage	3.80%
Credit Facility available beginning August 2024 | Disney Cruise Line
Debt Instrument [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity	$ 1,100
Debt Instrument, Interest Rate, Stated Percentage	3.74%

Impact of Consolidating Balance

Impact of Consolidating Balance Sheets of Asia Theme Parks (Details) - USD ($) $ in Millions	Dec. 31, 2022	Oct. 01, 2022
Schedule of Condensed Consolidating Balance Sheets [Line Items]
Cash and Cash Equivalents	$ 8,470	$ 11,615
Other current assets	1,319	1,199
Total current assets	26,912	29,098
Parks, resorts and other property	34,200	33,596
Other assets	9,363	9,208
Total assets	202,124	203,631
Current liabilities	27,070	29,073
Long-term borrowings	45,128	45,299
Asia International Theme Parks
Schedule of Condensed Consolidating Balance Sheets [Line Items]
Cash and Cash Equivalents	301	280
Other current assets	179	137
Total current assets	480	417
Parks, resorts and other property	6,462	6,356
Other assets	161	161
Total assets	7,103	6,934
Current liabilities	514	468
Long-term borrowings	1,549	1,426
Other long-term liabilities	410	395
Total liabilities	$ 2,473	$ 2,289

Impact of Consolidating Income

Impact of Consolidating Income Statements of International Theme Parks (Details) - USD ($) $ in Millions	3 Months Ended
	Dec. 31, 2022	Jan. 01, 2022
Schedule of Condensed Consolidating Statement of Operations [Line Items]
Revenues	$ 23,512	$ 21,819
Cost and expenses	(21,519)	(19,623)
Equity in the loss of investees	191	$ 239
International Theme Parks
Schedule of Condensed Consolidating Statement of Operations [Line Items]
Revenues	996
Cost and expenses	(991)
Equity in the loss of investees	$ (2)

International Theme Parks - Add

International Theme Parks - Additional Information (Details) ¥ in Millions, $ in Millions, $ in Billions			2 Months Ended		3 Months Ended
	Nov. 30, 2022 USD ($)	Nov. 30, 2022 HKD ($)	Nov. 29, 2022 USD ($)	Nov. 29, 2022 HKD ($)	Dec. 31, 2022 USD ($)	Dec. 31, 2022 CNY (¥)	Jan. 01, 2022 USD ($)
Noncontrolling Interest
Net Cash Used in Investing Activities					$ (1,292)		$ (987)
Maximum
Noncontrolling Interest
Variable Spread Above Reference Rate					1.225%	1.225%
Asia International Theme Parks
Noncontrolling Interest
Royalties And Management Fees					$ 24
International Theme Parks
Noncontrolling Interest
Net Cash Provided by Operating Activities					195
Net Cash Used in Investing Activities					(292)
Net Cash Provided by Financing Activities					66
Hong Kong Disneyland Resort | Loans
Noncontrolling Interest
Variable Interest Entity, Financial or Other Support, Amount					155
Variable Interest Entity, Financial or Other Support, Amount from Noncontrolling Interests					$ 104
Debt Instrument, Maturity Date					Sep. 30, 2025	Sep. 30, 2025
Hong Kong Disneyland Resort | Loans | HIBOR
Noncontrolling Interest
Variable Spread Above Reference Rate					2%	2%
Hong Kong Disneyland Resort | Line of Credit
Noncontrolling Interest
Variable Interest Entity, Financial or Other Support, Amount	$ 346	$ 2.7	$ 269	$ 2.1
Variable Interest Entity, Financial or Other Support, Amount, Outstanding					$ 232
Debt Instrument, Maturity Date					Dec. 31, 2028	Dec. 31, 2028
Hong Kong Disneyland Resort | Line of Credit | HIBOR
Noncontrolling Interest
Variable Spread Above Reference Rate					1.25%	1.25%
Shanghai Disney Resort | Loans
Noncontrolling Interest
Variable Interest Entity, Financial or Other Support, Amount					$ 940
Variable Interest Entity, Financial or Other Support, Amount from Noncontrolling Interests					$ 1,200	¥ 8,400
Shanghai Disney Resort | Loans | Maximum
Noncontrolling Interest
Debt Instrument, Interest Rate, Stated Percentage					8%	8%
Shanghai Disney Resort | Line of Credit
Noncontrolling Interest
Variable Interest Entity, Financial or Other Support, Amount					$ 300	¥ 1,900
Variable Interest Entity, Financial or Other Support, Amount from Noncontrolling Interests					$ 400	¥ 2,600
Debt Instrument, Interest Rate, Stated Percentage					8%	8%
Variable Interest Entity, Financial or Other Support, Amount, Outstanding					$ 176	¥ 1,200
Variable Interest Entity, Financial or Other Support, Amount from Noncontrolling Interests, Outstanding					$ 233	¥ 1,600
Hong Kong Disneyland Resort
Noncontrolling Interest
Effective Ownership Interest					48%	48%
Noncontrolling Interest, Ownership Percentage by Noncontrolling Owners					52%	52%
Shanghai Disney Resort
Noncontrolling Interest
Effective Ownership Interest					43%	43%
Noncontrolling Interest, Ownership Percentage by Noncontrolling Owners					57%	57%
Shanghai Disney Resort Management Company
Noncontrolling Interest
Effective Ownership Interest					70%	70%
Noncontrolling Interest, Ownership Percentage by Noncontrolling Owners					30%	30%
Shanghai Disney Resort Management Company | Shanghai Disney Resort | Loans
Noncontrolling Interest
Debt Instrument, Maturity Date					Dec. 31, 2036	Dec. 31, 2036
Shanghai Disney Resort Management Company | Shanghai Disney Resort | Line of Credit
Noncontrolling Interest
Debt Instrument, Maturity Date					Dec. 31, 2036	Dec. 31, 2036

Balances of Produced and Licens

Balances of Produced and Licensed Content Costs (Details) - USD ($) $ in Millions	Dec. 31, 2022	Oct. 01, 2022
Film, Monetized on Its Own, Capitalized Cost [Abstract]
Released, less amortization	$ 5,263	$ 4,639
Completed, not released	116	214
In-process	4,047	5,041
In development or pre-production	338	372
Film, Monetized on Its Own, Capitalized Cost	9,764	10,266
Film, Monetized in Film Group, Capitalized Cost [Abstract]
Released, less amortization	13,358	12,688
Completed, not released	1,632	2,019
In-process	7,502	6,793
In development or pre-production	174	254
Film, Monetized in Film Group, Capitalized Cost	22,666	21,754
Film, Capitalized Cost [Abstract]
Released, less amortization	18,621	17,327
Completed, not released	1,748	2,233
In-process	11,549	11,834
In development or pre-production	512	626
Film, Capitalized Cost	32,430	32,020
Licensed television programming rights and advances	5,136	5,647
Produced and Licensed Content, Total	37,566	37,667
Current portion	1,300	1,890
Non-current portion	$ 36,266	$ 35,777

Amortization of Produced and Li

Amortization of Produced and Licensed Content Costs (Details) - USD ($) $ in Millions		3 Months Ended
		Dec. 31, 2022	Jan. 01, 2022
Amortization of Produced Content Costs		$ 3,317	$ 2,651
Amortization of Licensed Television and Programming Rights		4,539	4,811
Amortization of Produced and Licensed Content Costs, Total	[1]	7,856	7,462
Monetized individually
Amortization of Produced Content Costs		1,157	1,033
Monetized as a group
Amortization of Produced Content Costs		$ 2,160	$ 1,618
[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 Millions	3 Months Ended
	Dec. 31, 2022 USD ($)
Income Tax [Line Items]
Unrecognized Tax Benefits, Period Increase (Decrease)	$ 100
Unrecognized Tax Benefits	2,600
Significant Change in Unrecognized Tax Benefits is Reasonably Possible, Amount of Unrecorded Benefit	$ 100

Net Periodic Benefit Cost (Deta

Net Periodic Benefit Cost (Details) - USD ($) $ in Millions	3 Months Ended
	Dec. 31, 2022	Jan. 01, 2022
Defined Benefit Plan Disclosure [Line Items]
Net Periodic Defined Benefits Expense (Reversal of Expense), Excluding Service Cost Component	$ (86)	$ (16)
Pension Plans
Defined Benefit Plan Disclosure [Line Items]
Service costs	65	100
Interest costs	196	124
Expected return on plan assets	(288)	(293)
Amortization of previously deferred service costs	2	1
Recognized net actuarial loss	5	147
Net Periodic Defined Benefits Expense (Reversal of Expense), Excluding Service Cost Component	(85)	(21)
Net periodic benefit cost (income)	(20)	79
Postretirement Medical Plans
Defined Benefit Plan Disclosure [Line Items]
Service costs	1	2
Interest costs	20	13
Expected return on plan assets	(15)	(15)
Amortization of previously deferred service costs	0	0
Recognized net actuarial loss	(6)	7
Net Periodic Defined Benefits Expense (Reversal of Expense), Excluding Service Cost Component	(1)	5
Net periodic benefit cost (income)	$ 0	$ 7

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
	Dec. 31, 2022	Jan. 01, 2022
Shares (in millions):
Weighted average number of common and common equivalent shares outstanding (basic)	1,825	1,819
Weighed average dilutive impact of awards	2	9
Weighted average number of common and common equivalent shares outstanding (diluted)	1,827	1,828
Awards excluded from diluted earnings per share	26	4

Equity Changes in Accumulated O

Equity Changes in Accumulated Other Comprehensive Loss, Before Tax (Details) - USD ($) $ in Millions	3 Months Ended
	Dec. 31, 2022	Jan. 01, 2022
Accumulated Other Comprehensive Income (Loss) [Line Items]
AOCI before Tax, Attributable to Parent, Beginning Balance	$ (4,980)	$ (8,224)
Unrealized gains (losses) arising during the period	(329)	97
Reclassifications of realized net (gains) losses to net income	(175)	137
AOCI before Tax, Attributable to Parent, Ending Balance	(5,484)	(7,990)
Market Value Adjustments for Hedges
Accumulated Other Comprehensive Income (Loss) [Line Items]
AOCI before Tax, Attributable to Parent, Beginning Balance	804	(152)
Unrealized gains (losses) arising during the period	(475)	87
Reclassifications of realized net (gains) losses to net income	(218)	(18)
AOCI before Tax, Attributable to Parent, Ending Balance	111	(83)
Unrecognized Pension and  Postretirement Medical  Expense
Accumulated Other Comprehensive Income (Loss) [Line Items]
AOCI before Tax, Attributable to Parent, Beginning Balance	(3,770)	(7,025)
Unrealized gains (losses) arising during the period	0	47
Reclassifications of realized net (gains) losses to net income	1	155
AOCI before Tax, Attributable to Parent, Ending Balance	(3,769)	(6,823)
Foreign Currency Translation and Other
Accumulated Other Comprehensive Income (Loss) [Line Items]
AOCI before Tax, Attributable to Parent, Beginning Balance	(2,014)	(1,047)
Unrealized gains (losses) arising during the period	146	(37)
Reclassifications of realized net (gains) losses to net income	42	0
AOCI before Tax, Attributable to Parent, Ending Balance	$ (1,826)	$ (1,084)

Equity Changes in Accumulated_2

Equity Changes in Accumulated Other Comprehensive Loss, Tax (Details) - USD ($) $ in Millions	3 Months Ended
	Dec. 31, 2022	Jan. 01, 2022
Accumulated Other Comprehensive Income (Loss) [Line Items]
AOCI Tax, Attributable to Parent, Beginning Balance	$ 861	$ 1,784
Unrealized gains (losses) arising during the period	108	(38)
Reclassifications of realized net (gains) losses to net income	37	(32)
AOCI Tax, Attributable to Parent, Ending Balance	1,006	1,714
Market Value Adjustments for Hedges
Accumulated Other Comprehensive Income (Loss) [Line Items]
AOCI Tax, Attributable to Parent, Beginning Balance	(179)	42
Unrealized gains (losses) arising during the period	100	(23)
Reclassifications of realized net (gains) losses to net income	51	4
AOCI Tax, Attributable to Parent, Ending Balance	(28)	23
Unrecognized Pension and  Postretirement Medical  Expense
Accumulated Other Comprehensive Income (Loss) [Line Items]
AOCI Tax, Attributable to Parent, Beginning Balance	901	1,653
Unrealized gains (losses) arising during the period	0	(11)
Reclassifications of realized net (gains) losses to net income	0	(36)
AOCI Tax, Attributable to Parent, Ending Balance	901	1,606
Foreign Currency Translation and Other
Accumulated Other Comprehensive Income (Loss) [Line Items]
AOCI Tax, Attributable to Parent, Beginning Balance	139	89
Unrealized gains (losses) arising during the period	8	(4)
Reclassifications of realized net (gains) losses to net income	(14)	0
AOCI Tax, Attributable to Parent, Ending Balance	$ 133	$ 85

Changes in Accumulated Other Co

Changes in Accumulated Other Comprehensive Loss, Net of Tax (Details) - USD ($) $ in Millions	3 Months Ended
	Dec. 31, 2022	Jan. 01, 2022
Accumulated Other Comprehensive Income (Loss) [Line Items]
AOCI, Beginning Balance	$ (4,119)	$ (6,440)
Unrealized gains (losses) arising during the period	(221)	59
Reclassifications of realized net (gains) losses to net income	(138)	105
AOCI, Ending Balance	(4,478)	(6,276)
Market Value Adjustments for Hedges
Accumulated Other Comprehensive Income (Loss) [Line Items]
AOCI, Beginning Balance	625	(110)
Unrealized gains (losses) arising during the period	(375)	64
Reclassifications of realized net (gains) losses to net income	(167)	(14)
AOCI, Ending Balance	83	(60)
Unrecognized Pension and  Postretirement Medical  Expense
Accumulated Other Comprehensive Income (Loss) [Line Items]
AOCI, Beginning Balance	(2,869)	(5,372)
Unrealized gains (losses) arising during the period	0	36
Reclassifications of realized net (gains) losses to net income	1	119
AOCI, Ending Balance	(2,868)	(5,217)
Foreign Currency Translation and Other
Accumulated Other Comprehensive Income (Loss) [Line Items]
AOCI, Beginning Balance	(1,875)	(958)
Unrealized gains (losses) arising during the period	154	(41)
Reclassifications of realized net (gains) losses to net income	28	0
AOCI, Ending Balance	$ (1,693)	$ (999)

Details about AOCI Components R

Details about AOCI Components Reclassified to Net Income (Details) - USD ($) $ in Millions	3 Months Ended
	Dec. 31, 2022	Jan. 01, 2022
Details about AOCI Components Reclassified to Net Income
Revenues	$ 23,512	$ 21,819
Interest expense, net	300	311
Restructuring and impairment charges	69	0
Income taxes	(412)	(488)
Net income attributable to The Walt Disney Company (Disney)	1,279	1,104
Reclassification out of Accumulated Other Comprehensive Income
Details about AOCI Components Reclassified to Net Income
Net income attributable to The Walt Disney Company (Disney)	138	(105)
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	218	18
Income taxes	(51)	(4)
Net income attributable to The Walt Disney Company (Disney)	167	14
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	(1)	(155)
Income taxes	0	36
Net income attributable to The Walt Disney Company (Disney)	(1)	(119)
Gain/(loss) in Foreign Currency Translation and Other | Reclassification out of Accumulated Other Comprehensive Income
Details about AOCI Components Reclassified to Net Income
Restructuring and impairment charges	(42)	0
Income taxes	14	0
Net income attributable to The Walt Disney Company (Disney)	$ (28)	$ 0

Compensation Expense Related to

Compensation Expense Related to Stock Options, Stock Appreciation Rights and Restricted Stock Units (Details) - USD ($) $ in Millions		3 Months Ended
		Dec. 31, 2022	Jan. 01, 2022
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options		$ 19	$ 24
RSUs		251	172
Total equity-based compensation expense	[1]	270	196
Equity-based compensation expense capitalized during the period		$ 36	$ 30
[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	3 Months Ended
	Dec. 31, 2022	Jan. 01, 2022
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted average grant date fair values of options issued	$ 34.71	$ 47.66
Weighted average grant date fair values of RSUs issued	$ 91.89	$ 149.95
Stock Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation cost	$ 119
Stock compensation granted, number of shares	1.5
Restricted Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation cost	$ 2,200
Stock compensation granted, number of shares	9.4

Assets and Liabilities Measured

Assets and Liabilities Measured at Fair Value (Details) - Fair Value, Measurements, Recurring - USD ($) $ in Millions	Dec. 31, 2022	Oct. 01, 2022
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Investments	$ 240	$ 308
Other Liabilities	(436)	(354)
Total	(1,627)	(865)
Fair value of borrowings	45,003	44,019
Interest rate
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative Asset		1
Derivative Liabilities	(1,722)	(1,783)
Foreign exchange
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative Asset	1,133	2,223
Derivative Liabilities	(834)	(1,239)
Other Derivative
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative Asset	9	10
Derivative Liabilities	(17)	(31)
Level 1
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Investments	240	308
Other Liabilities	0	0
Total	240	308
Fair value of borrowings	0	0
Level 1 | Interest rate
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative Asset		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	0
Other Liabilities	(436)	(354)
Total	(1,867)	(1,173)
Fair value of borrowings	43,364	42,509
Level 2 | Interest rate
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative Asset		1
Derivative Liabilities	(1,722)	(1,783)
Level 2 | Foreign exchange
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative Asset	1,133	2,223
Derivative Liabilities	(834)	(1,239)
Level 2 | Other Derivative
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative Asset	9	10
Derivative Liabilities	(17)	(31)
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	1,639	1,510
Level 3 | Interest rate
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative Asset		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	Dec. 31, 2022	Oct. 01, 2022
Current Assets
Derivatives, Fair Value [Line Items]
Derivative Asset, Fair Value, Gross Asset Including Not Subject to Master Netting Arrangement	$ 775	$ 1,210
Derivative Asset, Counterparty Netting Offset	(653)	(831)
Derivative Asset, Collateral, Obligation to Return Cash, Offset	(63)	(341)
Net derivative positions	59	38
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	559	864
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	8	10
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	208	336
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	0	0
Other Assets
Derivatives, Fair Value [Line Items]
Derivative Asset, Fair Value, Gross Asset Including Not Subject to Master Netting Arrangement	367	1,034
Derivative Asset, Counterparty Netting Offset	(264)	(715)
Derivative Asset, Collateral, Obligation to Return Cash, Offset	(22)	(151)
Net derivative positions	81	168
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	365	786
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	0	1
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	1	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	1	247
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	(2,351)	(2,416)
Derivative Liability, Counterparty netting offset	804	1,070
Derivative Liability, Collateral, Right to Reclaim Cash, Offset	1,491	1,282
Net derivative positions	(56)	(64)
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	(234)	(228)
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	(1,722)	(1,783)
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	(3)	(4)
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	(378)	(374)
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	(14)	(27)
Other Long-Term Liabilities
Derivatives, Fair Value [Line Items]
Derivative Liability, Fair Value, Gross Liability Including Not Subject to Master Netting Arrangement	(222)	(637)
Derivative Liability, Counterparty netting offset	113	476
Derivative Liability, Collateral, Right to Reclaim Cash, Offset	72	96
Net derivative positions	(37)	(65)
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	(221)	(350)
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	0
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	(1)	(287)
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	Dec. 31, 2022	Oct. 01, 2022
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Hedged Liability, Fair Value Hedge	$ 12,465	$ 13,355
Hedged Liability, Fair Value Hedge, Cumulative Increase (Decrease)	(1,666)	(1,736)
Current Portion of Borrowings
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Hedged Liability, Fair Value Hedge	0	997
Hedged Liability, Fair Value Hedge, Cumulative Increase (Decrease)	0	(3)
Borrowings
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Hedged Liability, Fair Value Hedge	12,465	12,358
Hedged Liability, Fair Value Hedge, Cumulative Increase (Decrease)	$ (1,666)	$ (1,733)

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
	Dec. 31, 2022	Jan. 01, 2022
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) on pay-floating swaps	$ 71	$ (178)
Gain (loss) on hedged borrowings	(71)	178
Derivative, Gain (Loss) on Derivative, Net	$ (95)	$ 37

Derivative Instruments Effect o

Derivative Instruments Effect of Foreign Currency Cash Flow Hedges on AOCI (Details) - USD ($) $ in Millions		3 Months Ended
		Dec. 31, 2022	Jan. 01, 2022
Foreign Currency Fair Value Hedge Derivative [Line Items]
Unrealized Gain (Loss) on Foreign Currency Derivatives, Net, before Tax		$ (502)	$ 79
Foreign Currency Cash Flow Hedge Gain (Loss) Reclassified to Earnings, Net	[1]	$ 222	$ 13
[1]Primarily recorded in revenue.

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
	Dec. 31, 2022	Jan. 01, 2022
Costs and Expenses
Derivative Instruments, Gain (Loss) [Line Items]
Net gain (loss) on foreign currency denominated assets and liabilities	$ 145	$ (63)
Net gain (loss) on foreign exchange risk management contracts not designated as hedges	(213)	33
Net gain (loss)	(68)	(30)
Interest Expense
Derivative Instruments, Gain (Loss) [Line Items]
Net gain (loss) on foreign currency denominated assets and liabilities	(18)	1
Net gain (loss) on foreign exchange risk management contracts not designated as hedges	18	0
Net gain (loss)	0	1
Income Taxes
Derivative Instruments, Gain (Loss) [Line Items]
Net gain (loss) on foreign currency denominated assets and liabilities	(88)	8
Net gain (loss) on foreign exchange risk management contracts not designated as hedges	70	(8)
Net gain (loss)	$ (18)	$ 0

Derivative Instruments - Additi

Derivative Instruments - Additional Information (Details) $ in Millions, $ in Millions	3 Months Ended
	Dec. 31, 2022 USD ($)	Dec. 31, 2022 CAD ($)	Oct. 01, 2022 USD ($)	Oct. 01, 2022 CAD ($)
Derivative [Line Items]
Net deferred gains recorded in AOCI for contracts that will mature in the next twelve months	$ 317
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	$ 1,700		$ 1,500
Derivatives designated as hedges | Interest rate | Fair Value Hedging
Derivative [Line Items]
Derivative, Notional Amount	13,500		14,500
Derivatives designated as hedges | Foreign exchange | Cash Flow Hedging
Derivative [Line Items]
Derivative, Notional Amount	7,300		7,400
Derivatives designated as hedges | Currency Swap | Fair Value Hedging
Derivative [Line Items]
Derivative, Notional Amount	1,000	$ 1,300	900	$ 1,300
Not Designated as Hedging Instrument | Foreign exchange
Derivative [Line Items]
Derivative, Notional Amount	4,200		3,800
Not Designated as Hedging Instrument | Other Derivative
Derivative [Line Items]
Derivative, Notional Amount	$ 400		$ 400

Restructuring and Impairment _2

Restructuring and Impairment Charges - Additional Details (Details) - USD ($) $ in Millions	3 Months Ended
	Dec. 31, 2022	Jan. 01, 2022
Restructuring Cost and Reserve [Line Items]
Restructuring and impairment charges	$ 69	$ 0
Russia Business
Restructuring Cost and Reserve [Line Items]
Restructuring and impairment charges	$ 69