The Walt Disney Company (DIS) 10-Q 9 Aug 23 2023 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Jul. 01, 2023	Aug. 02, 2023
Document Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jul. 01, 2023
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		1,829,778,789
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	Q3
Entity Central Index Key	0001744489
Current Fiscal Year End Date	--09-30
Amendment Flag	false

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Millions, $ in Millions		3 Months Ended		9 Months Ended
		Jul. 01, 2023	Jul. 02, 2022	Jul. 01, 2023	Jul. 02, 2022
Revenues		$ 22,330	$ 21,504	$ 67,657	$ 62,572
Selling, general, administrative and other		(3,874)	(4,100)	(11,315)	(11,655)
Depreciation and amortization		(1,344)	(1,290)	(3,960)	(3,846)
Total costs and expenses		(19,689)	(19,072)	(60,748)	(56,344)
Restructuring and impairment charges	[1]	(2,650)	(42)	(2,871)	(237)
Other income (expense), net	[2]	(11)	(136)	96	(730)
Interest expense, net		(305)	(360)	(927)	(1,026)
Equity in the income of investees		191	225	555	674
Income (loss) from continuing operations before income taxes		(134)	2,119	3,762	4,909
Income taxes on continuing operations		(19)	(617)	(1,066)	(1,610)
Net income (loss) from continuing operations		(153)	1,502	2,696	3,299
Loss from discontinued operations, net of income tax benefit of $0, $0, $0 and $14, respectively		0	0	0	(48)
Net income (loss)		(153)	1,502	2,696	3,251
Net Income from Continuing Operations Attributable to Noncontrolling Interests		(307)	(93)	(606)	(268)
Net income (loss) attributable to Disney		$ (460)	$ 1,409	$ 2,090	$ 2,983
Earnings (Loss) Per Share [Abstract]
Continuing Operations, Per Diluted Share		$ (0.25)	$ 0.77	$ 1.14	$ 1.66
Discontinued Operations, Per Diluted Share		0	0	0	(0.03)
Diluted	[3]	(0.25)	0.77	1.14	1.63
Continuing Operations, Per Basic Share		(0.25)	0.77	1.14	1.66
Discontinued Operation, Per Basic Share		0	0	0	(0.03)
Basic	[3]	$ (0.25)	$ 0.77	$ 1.14	$ 1.64
Weighted average number of common and common equivalent shares outstanding:
Diluted (shares)		1,829	1,825	1,829	1,827
Basic (shares)		1,829	1,823	1,827	1,821
Service
Revenues		$ 20,008	$ 19,461	$ 60,591	$ 56,215
Cost of Goods and Services Sold		(12,974)	(12,404)	(40,915)	(36,895)
Product
Revenues		2,322	2,043	7,066	6,357
Cost of Goods and Services Sold		$ (1,497)	$ (1,278)	$ (4,558)	$ (3,948)
[1]See Note 16 for a discussion of amounts in restructuring and impairment charges.[2]See Note 4 for a discussion of amounts in other income (expense), net.[3]Total may not equal the sum of the column due to rounding.

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Parenthetical) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jul. 01, 2023	Jul. 02, 2022	Jul. 01, 2023	Jul. 02, 2022
Discontinued Operation, Tax Effect of Discontinued Operation	$ 0	$ 0	$ 0	$ (14)

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jul. 01, 2023	Jul. 02, 2022	Jul. 01, 2023	Jul. 02, 2022
Net income (loss)	$ (153)	$ 1,502	$ 2,696	$ 3,251
Other Comprehensive Income/(Loss), Net of Tax:
Market value adjustments for hedges	10	428	(614)	506
Pension and postretirement medical plan adjustments	1	119	58	393
Foreign currency translation and other	(101)	(446)	241	(659)
Other comprehensive income (loss)	(90)	101	(315)	240
Comprehensive income (loss)	(243)	1,603	2,381	3,491
Net income from continuing operations attributable to noncontrolling interests	(307)	(93)	(606)	(268)
Other comprehensive income attributable to noncontrolling interests	66	69	21	58
Comprehensive income (loss) attributable to Disney	$ (484)	$ 1,579	$ 1,796	$ 3,281

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Jul. 01, 2023	Oct. 01, 2022
Current assets
Cash and Cash Equivalents	$ 11,458	$ 11,615
Receivables, net	13,112	12,652
Inventories	1,900	1,742
Content advances	2,369	1,890
Other current assets	1,335	1,199
Total current assets	30,174	29,098
Produced and licensed content costs	34,607	35,777
Investments	3,062	3,218
Attractions, buildings and equipment	69,819	66,998
Accumulated depreciation	(42,112)	(39,356)
Parks, resorts and other property before projects in progress and land, Total	27,707	27,642
Projects in progress	5,689	4,814
Land	1,181	1,140
Parks, resorts and other property	34,577	33,596
Intangible assets, net	13,478	14,837
Goodwill	77,881	77,897
Other assets	10,004	9,208
Total assets	203,783	203,631
Current liabilities
Accounts payable and other accrued liabilities	19,115	20,213
Current portion of borrowings	2,645	3,070
Deferred revenue and other	6,474	5,790
Total current liabilities	28,234	29,073
Borrowings	44,544	45,299
Deferred income taxes	7,304	8,363
Other long-term liabilities	12,759	12,518
Commitments and contingencies
Redeemable Noncontrolling Interests	8,886	9,499
Equity
Preferred stock	0	0
Common stock, $0.01 par value, Authorized – 4.6 billion shares, Issued – 1.8 billion shares	57,136	56,398
Retained earnings	45,794	43,636
Accumulated other comprehensive loss	(4,413)	(4,119)
Treasury stock, at cost, 19 million shares	(907)	(907)
Total Disney Shareholders' equity	97,610	95,008
Noncontrolling interests	4,446	3,871
Total equity	102,056	98,879
Total liabilities and equity	$ 203,783	$ 203,631

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares shares in Millions	Jul. 01, 2023	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, Common, Shares	19	19

CONDENSED CONSOLIDATED STATEM_4

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Millions	9 Months Ended
	Jul. 01, 2023	Jul. 02, 2022
Net Income from Continuing Operations	$ 2,696	$ 3,299
OPERATING ACTIVITIES
Depreciation and amortization	3,960	3,846
Impairment of produced and licensed content costs	2,266	0
Net (gain)/loss on investments and disposition of businesses	(184)	779
Deferred income taxes	(899)	605
Equity in the income of investees	(555)	(674)
Cash distributions received from equity investees	531	575
Net change in produced and licensed content costs and advances	(1,861)	(4,306)
Equity-based compensation	861	723
Pension and postretirement medical benefit cost amortization	3	465
Other, net	(166)	492
Changes in operating assets and liabilities:
Receivables	(744)	(506)
Inventories	(120)	(259)
Other assets	(64)	(684)
Accounts payable and other liabilities	(1,609)	(892)
Income taxes	949	15
Cash provided by operations - continuing operations	5,064	3,478
INVESTING ACTIVITIES
Investments in parks, resorts and other property	(3,595)	(3,795)
Proceeds from sales of investments	458	39
Other, net	(122)	(116)
Cash used in investing activities - continuing operations	(3,259)	(3,872)
FINANCING ACTIVITIES
Commercial paper borrowings (payments), net	40	(275)
Borrowings	70	152
Reduction of borrowings	(1,319)	(1,400)
Contributions from / sale of noncontrolling interest	719	48
Acquisition of redeemable noncontrolling interest	(900)	0
Other, net	(737)	(772)
Cash used in financing activities - continuing operations	(2,127)	(2,247)
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	174	(354)
Change in Cash, Cash Equivalents and Restricted Cash	(148)	(2,999)
Cash, Cash Equivalents and Restricted Cash, Beginning of Period	11,661	16,003
Cash, Cash Equivalents and Restricted Cash, End of Period	$ 11,513	$ 13,004

CONDENSED CONSOLIDATED STATEM_5

CONDENSED CONSOLIDATED STATEMENTS OF EQUITY - USD ($) shares in Millions, $ in Millions	Total	Common Stock	Retained Earnings	AOCI Attributable to Parent	Treasury Stock	Disney Shareholders	Non-controlling Interests		Total excluding redeemable noncontrolling interest
BEGINNING BALANCE (in shares) at Oct. 02, 2021		1,818
Beginning Balance at Oct. 02, 2021		$ 55,471	$ 40,429	$ (6,440)	$ (907)	$ 88,553	$ 4,458	[1]	$ 93,011
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Comprehensive income (loss)	$ 3,491		2,983	298		3,281	(22)	[1]	3,259
Equity compensation activity (in shares)		5
Equity compensation activity		$ 615				615			615
Contributions	48						48	[1]	48
Distributions and other		$ 1	50			51	(551)	[1]	(500)
ENDING BALANCE (in shares) at Jul. 02, 2022		1,823
Ending Balance at Jul. 02, 2022		$ 56,087	43,462	(6,142)	(907)	92,500	3,933	[2]	96,433
BEGINNING BALANCE (in shares) at Apr. 02, 2022		1,822
Beginning Balance at Apr. 02, 2022		$ 55,823	42,032	(6,312)	(907)	90,636	4,023	[2]	94,659
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Comprehensive income (loss)	1,603		1,409	170		1,579	(67)	[2]	1,512
Equity compensation activity (in shares)		1
Equity compensation activity		$ 259				259			259
Contributions							19	[2]	19
Distributions and other		$ 5	21			26	(42)	[2]	(16)
ENDING BALANCE (in shares) at Jul. 02, 2022		1,823
Ending Balance at Jul. 02, 2022		$ 56,087	43,462	(6,142)	(907)	92,500	3,933	[2]	96,433
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	[1]	98,879
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Comprehensive income (loss)	2,381		2,090	(294)		1,796	299	[1]	2,095
Equity compensation activity (in shares)		6
Equity compensation activity		$ 735				735			735
Contributions	719						789	[1]	789
Distributions and other		$ 3	68			71	(513)	[1]	(442)
ENDING BALANCE (in shares) at Jul. 01, 2023		1,830
Ending Balance at Jul. 01, 2023	102,056	$ 57,136	45,794	(4,413)	(907)	97,610	4,446	[1]	102,056
BEGINNING BALANCE (in shares) at Apr. 01, 2023		1,827
Beginning Balance at Apr. 01, 2023		$ 56,919	46,236	(4,389)	(907)	97,859	3,697	[2]	101,556
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Comprehensive income (loss)	(243)		(460)	(24)		(484)	168	[2]	(316)
Equity compensation activity (in shares)		3
Equity compensation activity		$ 210				210			210
Contributions							602	[2]	602
Distributions and other		$ 7	18			25	(21)	[2]	4
ENDING BALANCE (in shares) at Jul. 01, 2023		1,830
Ending Balance at Jul. 01, 2023	$ 102,056	$ 57,136	$ 45,794	$ (4,413)	$ (907)	$ 97,610	$ 4,446	[1]	$ 102,056
[1]Excludes redeemable noncontrolling interests.[2]Excludes redeemable noncontrolling interests.

Principles of Consolidation

Principles of Consolidation	9 Months Ended
	Jul. 01, 2023
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 nine months ended July 1, 2023 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 and Contributions from Noncontrolling Interest Holders Hulu LLC 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 July 1, 2023, NBCU’s interest in Hulu is recorded in the Company’s financial statements at $8.9 billion, which is reported as “Redeemable noncontrolling interest” in the Condensed Consolidated Balance Sheets. The Company and NBCU have been conducting a confidential arbitration concerning the parties’ rights and responsibilities under the Hulu limited liability company agreement. The Company expects a decision in that arbitration within the next quarter. The outcome of the arbitration is uncertain and we cannot reasonably estimate the amount of any potential loss or the impact on the determination of the value of Hulu’s equity pursuant to the Hulu limited liability company agreement and thus the amount we may be required to pay to acquire NBCU’s interest in Hulu. 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 Operations. BAMTech LLC In November 2022, the Company purchased Major League Baseball’s (MLB) 15% redeemable noncontrolling interest in BAMTech LLC (BAMTech), which holds the Company’s domestic DTC sports business, for $900 million (MLB buy-out). MLB’s interest was recorded in the Company’s financial statements at $828 million prior to the MLB buy-out. The $72 million difference was recorded as an increase in “Net income from continuing operations attributable to noncontrolling interests” in the Condensed Consolidated Statements of Operations. During the nine months ended July 1, 2023, Hearst Corporation (Hearst) contributed $710 million to the domestic DTC sports business, in part to fund its 20% share of the MLB buy-out and in part to fund its share of the domestic DTC sports business’s operating cash requirements, which had been funded by the Company through intercompany loans. 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	9 Months Ended
	Jul. 01, 2023
Segment Information	Segment Information In February 2023, the Company announced that it will be reorganized into three business segments: Disney Entertainment, ESPN and Disney Parks, Experiences and Products. We will report under the new structure commencing with our annual fiscal 2023 reporting, at which time we will have implemented changes to our financial processes to reflect the reorganization. The Company’s operations are currently reported in the following two segments: Disney Media and Entertainment Distribution (DMED) and Disney Parks, Experiences and Products (DPEP), for which separate financial information 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/expense, 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 are as follows: Quarter Ended Nine Months Ended July 1, July 2, July 1, July 2, Revenues: Disney Media and Entertainment Distribution $ 14,004 $ 14,110 $ 42,819 $ 42,315 Disney Parks, Experiences and Products 8,326 7,394 24,838 21,280 Total segment revenues $ 22,330 $ 21,504 $ 67,657 $ 63,595 Segment operating income: Disney Media and Entertainment Distribution $ 1,134 $ 1,381 $ 2,243 $ 4,133 Disney Parks, Experiences and Products 2,425 2,186 7,644 6,391 Total segment operating income (1) $ 3,559 $ 3,567 $ 9,887 $ 10,524 (1) Equity in the income of investees is included in segment operating income as follows: Quarter Ended Nine Months Ended July 1, July 2, July 1, July 2, Disney Media and Entertainment Distribution $ 194 $ 230 $ 566 $ 693 Disney Parks, Experiences and Products — (2) (2) (10) Equity in the income of investees included in segment operating income 194 228 564 683 Amortization of TFCF intangible assets related to equity investees (3) (3) (9) (9) Equity in the income of investees, net $ 191 $ 225 $ 555 $ 674 A reconciliation of segment revenues to total revenues is as follows: Quarter Ended Nine Months Ended July 1, July 2, July 1, July 2, Segment revenues $ 22,330 $ 21,504 $ 67,657 $ 63,595 Content License Early Termination (1) — — — (1,023) Total revenues $ 22,330 $ 21,504 $ 67,657 $ 62,572 (1) In February 2022, the Company early terminated certain license agreements with a customer for film and television content, which was delivered in previous years, in order for the Company to use the content primarily on our DTC services (Content License Early Termination). Because the content is functional intellectual property (IP), we had recognized substantially all of the consideration to be paid by the customer under the licenses as revenue in prior years when the content was delivered. Consequently, we recorded the amounts to terminate the licenses agreements, net of remaining amounts of deferred revenue, as a reduction of revenue. A reconciliation of segment operating income to income from continuing operations before income taxes is as follows: Quarter Ended Nine Months Ended July 1, July 2, July 1, July 2, Segment operating income $ 3,559 $ 3,567 $ 9,887 $ 10,524 Content License Early Termination — — — (1,023) Corporate and unallocated shared expenses (295) (325) (854) (825) Restructuring and impairment charges (1) (2,650) (42) (2,871) (237) Other income (expense), net (2) (11) (136) 96 (730) Interest expense, net (305) (360) (927) (1,026) TFCF and Hulu acquisition amortization (3) (432) (585) (1,569) (1,774) Income from continuing operations before income taxes $ (134) $ 2,119 $ 3,762 $ 4,909 (1) See Note 16 for a discussion of amounts in restructuring and impairment charges. (2) See Note 4 for a discussion of amounts in other income (expense), net. (3) TFCF and Hulu acquisition amortization is as follows: Quarter Ended Nine Months Ended July 1, July 2, July 1, July 2, Amortization of intangible assets $ 361 $ 422 $ 1,186 $ 1,292 Step-up of film and television costs 68 160 374 473 Intangibles related to TFCF equity investees 3 3 9 9 $ 432 $ 585 $ 1,569 $ 1,774 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 (16) — (16) Balance at July 1, 2023 $ 72,331 $ 5,550 $ 77,881

Revenues

Revenues	9 Months Ended
	Jul. 01, 2023
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 July 1, 2023 Quarter Ended July 2, 2022 DMED DPEP Total DMED DPEP Content License Early Termination Total Affiliate fees $ 4,234 $ — $ 4,234 $ 4,337 $ — $ — $ 4,337 Subscription fees 4,537 — 4,537 3,889 — — 3,889 Advertising 3,042 1 3,043 3,534 1 — 3,535 Theme park admissions — 2,731 2,731 — 2,312 — 2,312 Resort and vacations — 1,990 1,990 — 1,805 — 1,805 Retail and wholesale sales of merchandise, food and beverage — 2,226 2,226 — 1,896 — 1,896 Merchandise licensing — 876 876 — 916 — 916 TV/SVOD distribution licensing 646 — 646 1,119 — — 1,119 Theatrical distribution licensing 838 — 838 620 — — 620 Home entertainment 209 — 209 149 — — 149 Other 498 502 1,000 462 464 — 926 $ 14,004 $ 8,326 $ 22,330 $ 14,110 $ 7,394 $ — $ 21,504 Nine Months Ended July 1, 2023 Nine Months Ended July 2, 2022 DMED DPEP Total DMED DPEP Content License Early Termination Total Affiliate fees $ 12,870 $ — $ 12,870 $ 13,310 $ — $ — $ 13,310 Subscription fees 13,382 — 13,382 11,374 — — 11,374 Advertising 9,047 3 9,050 10,425 3 — 10,428 Theme park admissions — 7,800 7,800 — 6,437 — 6,437 Resort and vacations — 5,919 5,919 — 4,701 — 4,701 Retail and wholesale sales of merchandise, food and beverage — 6,750 6,750 — 5,801 — 5,801 Merchandise licensing — 2,791 2,791 — 2,928 — 2,928 TV/SVOD distribution licensing 2,658 — 2,658 3,639 — (1,023) 2,616 Theatrical distribution licensing 2,745 — 2,745 1,373 — — 1,373 Home entertainment 492 — 492 673 — — 673 Other 1,625 1,575 3,200 1,521 1,410 — 2,931 $ 42,819 $ 24,838 $ 67,657 $ 42,315 $ 21,280 $ (1,023) $ 62,572 The following table presents our revenues by segment and primary geographical markets: Quarter Ended July 1, 2023 Quarter Ended July 2, 2022 DMED DPEP Total DMED DPEP Total Americas $ 11,466 $ 6,299 $ 17,765 $ 11,444 $ 6,130 $ 17,574 Europe 1,352 984 2,336 1,230 897 2,127 Asia Pacific 1,186 1,043 2,229 1,436 367 1,803 Total revenues $ 14,004 $ 8,326 $ 22,330 $ 14,110 $ 7,394 $ 21,504 Content License Early Termination — $ 21,504 Nine Months Ended July 1, 2023 Nine Months Ended July 2, 2022 DMED DPEP Total DMED DPEP Total Americas $ 35,009 $ 19,357 $ 54,366 $ 34,465 $ 17,400 $ 51,865 Europe 4,373 2,794 7,167 4,111 2,389 6,500 Asia Pacific 3,437 2,687 6,124 3,739 1,491 5,230 Total revenues $ 42,819 $ 24,838 $ 67,657 $ 42,315 $ 21,280 $ 63,595 Content License Early Termination (1,023) $ 62,572 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 July 1, 2023, $0.3 billion was recognized related to performance obligations satisfied as of April 1, 2023. For the nine months ended July 1, 2023, $0.7 billion was recognized related to performance obligations satisfied as of October 1, 2022. For the quarter ended July 2, 2022, $0.3 billion was recognized related to performance obligations satisfied as of April 2, 2022. For the nine months ended July 2, 2022, $0.9 billion was recognized related to performance obligations satisfied as of October 2, 2021. As of July 1, 2023, revenue for unsatisfied performance obligations expected to be recognized in the future is $16 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, DTC wholesalers, sports sublicensees, and advertisers. Of this amount, we expect to recognize approximately $2 billion in the remainder of fiscal 2023, $6 billion in fiscal 2024, $4 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: July 1, October 1, Accounts receivable Current $ 11,445 $ 10,886 Non-current 1,126 1,226 Allowance for credit losses (165) (179) Deferred revenues Current 5,871 5,531 Non-current 834 927 For the quarter and nine months ended July 1, 2023, the Company recognized revenue of $0.5 billion and $4.7 billion, respectively, that was included in the October 1, 2022 deferred revenue balance. For the quarter and nine months ended July 2, 2022, the Company recognized revenue of $0.4 billion and $3.2 billion, respectively, 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 $0.5 billion at July 1, 2023 and $0.6 billion at October 1, 2022. The balance of vacation club receivables recorded in other non-current assets was $0.6 billion at both July 1, 2023 and October 1, 2022. The allowance for credit losses and activity for the period ended July 1, 2023 was not material.

Other Income (Expense), Net

Other Income (Expense), Net	9 Months Ended
	Jul. 01, 2023
Other Income and Expenses [Abstract]
Other Income and Other Expense Disclosure [Text Block]	Other Income (Expense), net Other income (expense), net is as follows: Quarter Ended Nine Months Ended July 1, July 2, July 1, July 2, DraftKings gain (loss) $ 90 $ (136) $ 169 $ (726) Other, net (101) — (73) (4) Other income (expense), net $ (11) $ (136) $ 96 $ (730) For the quarter and nine months ended July 1, 2023, the Company recognized a gain of $90 million and $169 million, respectively, on its investment in DraftKings, Inc. (DraftKings), which was sold in the current quarter. “Other, net” for the quarter and nine months ended July 1, 2023 includes a charge of $101 million related to a legal ruling. For the prior-year quarter and nine months ended July 2, 2022, the Company recognized a non-cash loss of $136 million and $726 million, respectively, to adjust its investment in DraftKings to fair value.

Cash, Cash Equivalents, Restric

Cash, Cash Equivalents, Restricted Cash and Borrowings	9 Months Ended
	Jul. 01, 2023
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. July 1, October 1, Cash and cash equivalents $ 11,458 $ 11,615 Restricted cash included in: Other current assets 3 3 Other assets 52 43 Total cash, cash equivalents and restricted cash in the statement of cash flows $ 11,513 $ 11,661 Borrowings During the nine months ended July 1, 2023, the Company’s borrowing activity was as follows: October 1, Borrowings Payments Other July 1, Commercial paper with original maturities less than three months $ 50 $ 1,020 $ — $ 3 $ 1,073 Commercial paper with original maturities greater than three months 1,612 2,519 (3,499) — 632 U.S. dollar denominated notes (1) 45,091 — (1,242) (104) 43,745 Asia Theme Parks borrowings 1,425 70 (77) 18 1,436 Foreign currency denominated debt and other (2) 191 — — 112 303 $ 48,369 $ 3,609 $ (4,818) $ 29 $ 47,189 (1) The other activity is primarily due to the amortization of purchase accounting adjustments and debt issuance fees. (2) The other activity is primarily due to market value adjustments for debt with qualifying hedges. At July 1, 2023, 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 2024 $ 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 rates based on the Secured Overnight Financing Rate (SOFR), and at other variable rates for non-U.S. dollar denominated borrowings, 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 0.655% 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 July 1, 2023, 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 July 1, 2023, the Company has $1.7 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 Operations and consist of the following: Quarter Ended Nine Months Ended July 1, July 2, July 1, July 2, Interest expense $ (503) $ (380) $ (1,472) $ (1,115) Interest and investment income 111 7 288 44 Net periodic pension and postretirement benefit costs (other than service costs) 87 13 257 45 Interest expense, net $ (305) $ (360) $ (927) $ (1,026) 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	9 Months Ended
	Jul. 01, 2023
Equity Method Investments and Joint Ventures [Abstract]
International Theme Parks	International Theme Parks The Company has a 48% ownership interest in the operations of Hong Kong Disneyland Resort and a 43% ownership interest in the operations of Shanghai Disney Resort. The Asia Theme Parks together with Disneyland Paris are collectively referred to as the International Theme Parks. The following table summarizes the carrying amounts of the Asia Theme Parks’ assets and liabilities included in the Company’s Condensed Consolidated Balance Sheets: July 1, October 1, 2022 Cash and cash equivalents $ 480 $ 280 Other current assets 190 137 Total current assets 670 417 Parks, resorts and other property 6,175 6,356 Other assets 195 161 Total assets $ 7,040 $ 6,934 Current liabilities $ 540 $ 468 Long-term borrowings 1,436 1,426 Other long-term liabilities 445 395 Total liabilities $ 2,421 $ 2,289 The following table summarizes the International Theme Parks’ revenues and costs and expenses included in the Company’s Condensed Consolidated Statements of Operations for the nine months ended July 1, 2023: Revenues $ 3,530 Costs and expenses (3,067) Equity in the loss of investees (2) Asia Theme Parks’ royalty and management fees of $155 million for the nine months ended July 1, 2023 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 nine months ended July 1, 2023 were $1,123 million provided by operating activities, $683 million used in investing activities and $5 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 $160 million and $107 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 $2.7 billion ($345 million), which bears interest at a rate of three month HIBOR plus 1.25% and matures in December 2028. The outstanding balance under the line of credit at July 1, 2023 was $189 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 $956 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 July 1, 2023, the total amount outstanding under the line of credit was 0.8 billion yuan (approximately $112 million). These balances are eliminated in consolidation. Shendi has provided Shanghai Disney Resort with loans totaling 8.6 billion yuan (approximately $1.2 billion), bearing interest at rates up to 8% and maturing in 2036, with early repayment permitted. Shendi has also provided Shanghai Disney Resort with a 2.6 billion yuan (approximately $0.4 billion) line of credit bearing interest at 8%. As of July 1, 2023 the total amount outstanding under the line of credit was 1.1 billion yuan (approximately $149 million).

Produced and Acquired_Licensed

Produced and Acquired/Licensed Content Costs and Advances	9 Months Ended
	Jul. 01, 2023
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 July 1, 2023 As of October 1, 2022 Predominantly Monetized Individually Predominantly Monetized Total Predominantly Monetized Individually Predominantly Monetized Total Produced content Released, less amortization $ 5,437 $ 13,282 $ 18,719 $ 4,639 $ 12,688 $ 17,327 Completed, not released 36 963 999 214 2,019 2,233 In-process 3,201 7,560 10,761 5,041 6,793 11,834 In development or pre-production 409 199 608 372 254 626 $ 9,083 $ 22,004 31,087 $ 10,266 $ 21,754 32,020 Licensed content - Television programming rights and advances 5,889 5,647 Total produced and licensed content $ 36,976 $ 37,667 Current portion $ 2,369 $ 1,890 Non-current portion $ 34,607 $ 35,777 Amortization of produced and licensed content is as follows: Quarter Ended Nine Months Ended July 1, July 2, July 1, July 2, Produced content Predominantly monetized individually $ 954 $ 878 $ 3,117 $ 2,749 Predominantly monetized as a group 1,998 1,674 6,110 4,795 2,952 2,552 9,227 7,544 Licensed programming rights and advances 3,136 3,258 10,871 10,908 Total produced and licensed content costs (1) $ 6,088 $ 5,810 $ 20,098 $ 18,452 (1) Primarily included in “Costs of services” in the Condensed Consolidated Statements of Operations. Amounts exclude impairment charges of $2.0 billion for produced content and $257 million for licensed programming rights recorded in “Restructuring and impairment charges” in the Condensed Consolidated Statements of Operations in the quarter and nine months ended July 1, 2023 (see Note 16).

Income Taxes Income Tax

Income Taxes Income Tax	9 Months Ended
	Jul. 01, 2023
Income Tax Disclosure [Abstract]
Income Tax Disclosure	Income Taxes Unrecognized Tax Benefits During the nine months ended July 1, 2023, the Company increased its gross unrecognized tax benefits (before interest and penalties) by $0.2 billion to $2.7 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. California Disaster Relief Pursuant to relief provided to certain taxpayers by the Internal Revenue Service and California State Board of Equalization as a result of winter storms in California, the Company is permitted to defer payment of federal and California state tax payments due in 2023 until October 16, 2023.

Pension and Other Benefit Progr

Pension and Other Benefit Programs	9 Months Ended
	Jul. 01, 2023
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 Nine Months Ended Quarter Ended Nine Months Ended July 1, July 2, July 1, 2023 July 2, 2022 July 1, July 2, July 1, 2023 July 2, 2022 Service costs $ 65 $ 100 $ 193 $ 302 $ 1 $ 2 $ 4 $ 7 Other costs (benefits): Interest costs 195 124 586 374 20 13 61 39 Expected return on plan assets (288) (293) (863) (880) (15) (15) (45) (44) Amortization of previously deferred service costs 2 3 7 5 — — — — Recognized net actuarial loss 5 149 14 441 (6) 6 (17) 20 Total other costs (benefits) (86) (17) (256) (60) (1) 4 (1) 15 Net periodic benefit cost (income) $ (21) $ 83 $ (63) $ 242 $ — $ 6 $ 3 $ 22 During the nine months ended July 1, 2023, 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	9 Months Ended
	Jul. 01, 2023
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 Nine Months Ended July 1, July 2, July 1, July 2, Shares (in millions): Weighted average number of common and common equivalent shares outstanding (basic) 1,829 1,823 1,827 1,821 Weighted average dilutive impact of Awards (1) — 2 2 6 Weighted average number of common and common equivalent shares outstanding (diluted) 1,829 1,825 1,829 1,827 Awards excluded from diluted earnings per share 23 26 24 13 (1) Amounts exclude all potential common and common equivalent shares for periods when there is a net loss from continuing operations.

Equity

Equity	9 Months Ended
	Jul. 01, 2023
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 Third quarter of fiscal 2023 Balance at April 1, 2023 $ 2 $ (3,697) $ (1,701) $ (5,396) Quarter Ended July 1, 2023: Unrealized gains (losses) arising during the period 85 — (44) 41 Reclassifications of realized net (gains) losses to net income (73) 1 — (72) Balance at July 1, 2023 $ 14 $ (3,696) $ (1,745) $ (5,427) Third quarter of fiscal 2022 Balance at April 2, 2022 $ (51) $ (6,668) $ (1,280) $ (7,999) Quarter Ended July 2, 2022: Unrealized gains (losses) arising during the period 601 — (404) 197 Reclassifications of realized net (gains) losses to net income (27) 155 — 128 Balance at July 2, 2022 $ 523 $ (6,513) $ (1,684) $ (7,674) Nine months ended fiscal 2023 Balance at October 1, 2022 $ 804 $ (3,770) $ (2,014) $ (4,980) Nine Months Ended July 1, 2023: Unrealized gains (losses) arising during the period (383) 71 227 (85) Reclassifications of realized net (gains) losses to net income (407) 3 42 (362) Balance at July 1, 2023 $ 14 $ (3,696) $ (1,745) $ (5,427) Nine months ended fiscal 2022 Balance at October 2, 2021 $ (152) $ (7,025) $ (1,047) $ (8,224) Nine Months Ended July 2, 2022: Unrealized gains (losses) arising during the period 741 47 (637) 151 Reclassifications of realized net (gains) losses to net income (66) 465 — 399 Balance at July 2, 2022 $ 523 $ (6,513) $ (1,684) $ (7,674) Market Value Adjustments for Hedges Unrecognized Foreign AOCI Tax on AOCI Third quarter of fiscal 2023 Balance at April 1, 2023 $ (1) $ 885 $ 123 $ 1,007 Quarter Ended July 1, 2023: Unrealized gains (losses) arising during the period (19) — 9 (10) Reclassifications of realized net (gains) losses to net income 17 — — 17 Balance at July 1, 2023 $ (3) $ 885 $ 132 $ 1,014 Third quarter of fiscal 2022 Balance at April 2, 2022 $ 19 $ 1,570 $ 98 $ 1,687 Quarter Ended July 2, 2022: Unrealized gains (losses) arising during the period (152) — 27 (125) Reclassifications of realized net (gains) losses to net income 6 (36) — (30) Balance at July 2, 2022 $ (127) $ 1,534 $ 125 $ 1,532 Nine months ended fiscal 2023 Balance at October 1, 2022 $ (179) $ 901 $ 139 $ 861 Nine Months Ended July 1, 2023: Unrealized gains (losses) arising during the period 81 (16) 7 72 Reclassifications of realized net (gains) losses to net income 95 — (14) 81 Balance at July 1, 2023 $ (3) $ 885 $ 132 $ 1,014 Nine months ended fiscal 2022 Balance at October 2, 2021 $ 42 $ 1,653 $ 89 $ 1,784 Nine Months Ended July 2, 2022: Unrealized gains (losses) arising during the period (184) (11) 36 (159) Reclassifications of realized net (gains) losses to net income 15 (108) — (93) Balance at July 2, 2022 $ (127) $ 1,534 $ 125 $ 1,532 Market Value Adjustments for Hedges Unrecognized Foreign AOCI AOCI, after tax Third quarter of fiscal 2023 Balance at April 1, 2023 $ 1 $ (2,812) $ (1,578) $ (4,389) Quarter Ended July 1, 2023: Unrealized gains (losses) arising during the period 66 — (35) 31 Reclassifications of realized net (gains) losses to net income (56) 1 — (55) Balance at July 1, 2023 $ 11 $ (2,811) $ (1,613) $ (4,413) Third quarter of fiscal 2022 Balance at April 2, 2022 $ (32) $ (5,098) $ (1,182) $ (6,312) Quarter Ended July 2, 2022: Unrealized gains (losses) arising during the period 449 — (377) 72 Reclassifications of realized net (gains) losses to net income (21) 119 — 98 Balance at July 2, 2022 $ 396 $ (4,979) $ (1,559) $ (6,142) Nine months ended fiscal 2023 Balance at October 1, 2022 $ 625 $ (2,869) $ (1,875) $ (4,119) Nine Months Ended July 1, 2023: Unrealized gains (losses) arising during the period (302) 55 234 (13) Reclassifications of realized net (gains) losses to net income (312) 3 28 (281) Balance at July 1, 2023 $ 11 $ (2,811) $ (1,613) $ (4,413) Nine months ended fiscal 2022 Balance at October 2, 2021 $ (110) $ (5,372) $ (958) $ (6,440) Nine Months Ended July 2, 2022: Unrealized gains (losses) arising during the period 557 36 (601) (8) Reclassifications of realized net (gains) losses to net income (51) 357 — 306 Balance at July 2, 2022 $ 396 $ (4,979) $ (1,559) $ (6,142) 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 Nine Months Ended July 1, July 2, July 1, July 2, Market value adjustments, primarily cash flow hedges Primarily revenue $ 73 $ 27 $ 407 $ 66 Estimated tax Income taxes (17) (6) (95) (15) 56 21 312 51 Pension and postretirement medical expense Interest expense, net (1) (155) (3) (465) Estimated tax Income taxes — 36 — 108 (1) (119) (3) (357) Foreign currency translation and other Restructuring and impairment charges — — (42) — Estimated tax Income taxes — — 14 — — — (28) — Total reclassifications for the period $ 55 $ (98) $ 281 $ (306)

Equity-Based Compensation

Equity-Based Compensation	9 Months Ended
	Jul. 01, 2023
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 Nine Months Ended July 1, July 2, July 1, July 2, Stock options $ 19 $ 23 $ 58 $ 68 RSUs 272 250 803 655 Total equity-based compensation expense (1) $ 291 $ 273 $ 861 $ 723 Equity-based compensation expense capitalized during the period $ 35 $ 39 $ 108 $ 109 (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 $73 million and $1.6 billion, respectively, as of July 1, 2023. During the nine months ended July 1, 2023 and July 2, 2022, the weighted average grant date fair values for options granted were $34.70 and $46.86, respectively, and for RSUs were $91.98 and $139.55, respectively. During the nine months ended July 1, 2023, the Company made equity compensation grants consisting of 1.6 million stock options and 9.9 million RSUs.

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Jul. 01, 2023
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Legal Matters On May 12, 2023, a private securities class action lawsuit was filed in the U.S. District Court for the Central District of California against the Company, its former Chief Executive Officer, Robert Chapek, its former Chief Financial Officer, Christine M. McCarthy, and the former Chairman of the Disney Media and Entertainment Distribution segment, Kareem Daniel on behalf of certain purchasers of securities of the Company (the “Securities Class Action”). Claims in the Securities Class Action include (i) violations of Section 10(b) of the Exchange Act and Rule 10b-5 promulgated thereunder against all defendants, and (ii) violations of Section 20(a) of the Exchange Act against the individual defendants. Plaintiffs in the Securities Class Action allege purported misstatements and omissions concerning, and a scheme to conceal, accurate costs and subscriber growth of the Disney+ platform. The Company intends to defend against the lawsuit vigorously. The lawsuit is in the early stages and at this time we cannot reasonably estimate the amount of any potential loss. On August 4, 2023, a derivative complaint was filed in the U.S. District Court for the Central District of California against nominal Defendant Disney; its Chief Executive Officer Robert Iger; its former Chief Executive Officer, Robert Chapek; its former Chief Financial Officer, Christine M. McCarthy; the former Chairman of the Disney Media and Entertainment Distribution segment, Kareem Daniel, and ten current and former members of the Disney Board (Susan E. Arnold; Mary T. Barra; Safra A. Catz; Amy L. Chang; Francis A. deSouza; Michael B.G. Froman; Maria Elena Lagomasino; Calvin R. McDonald; Mark G. Parker; and Derica W. Rice). Along with alleged violations of Sections 10(b), 14(a), 20(a), and Rule 10b-5 of the Securities Exchange Act premised on the same allegations as the Securities Class Action, plaintiff seeks to recover for alleged breach of fiduciary duty, unjust enrichment, abuse of control, gross mismanagement and waste. The Company intends to defend against the lawsuit vigorously. The lawsuit is in the early stages, and at this time we cannot reasonably estimate the amount of any potential loss. The Company, together with, in some instances, certain of its directors and officers, is a defendant in various other 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	9 Months Ended
	Jul. 01, 2023
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 July 1, 2023 Level 1 Level 2 Level 3 Total Assets Investments $ 40 $ — $ — $ 40 Derivatives Foreign exchange — 1,128 — 1,128 Other — 7 — 7 Liabilities Derivatives Interest rate — (1,745) — (1,745) Foreign exchange — (767) — (767) Other — (8) — (8) Other — (474) — (474) Total recorded at fair value $ 40 $ (1,859) $ — $ (1,819) Fair value of borrowings $ — $ 42,915 $ 1,462 $ 44,377 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. The Company’s financial instruments also include cash, cash equivalents, receivables and accounts payable. The carrying values of these financial instruments approximate the fair values.

Derivative Instruments

Derivative Instruments	9 Months Ended
	Jul. 01, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Instruments	Derivative InstrumentsThe Company manages its exposure to various risks relating to its ongoing business operations according to a risk management policy. The primary risks managed with derivative instruments are interest rate risk and foreign exchange risk. The Company’s derivative positions measured at fair value are summarized in the following tables: As of July 1, 2023 Current Other Assets Other Current Liabilities Other Long- Derivatives designated as hedges Foreign exchange $ 523 $ 336 $ (213) $ (99) Interest rate — — (1,745) — Other 1 1 (6) (2) Derivatives not designated as hedges Foreign exchange 266 3 (393) (62) Other 5 — — — Gross fair value of derivatives 795 340 (2,357) (163) Counterparty netting (634) (262) 772 124 Cash collateral (received) paid (98) (4) 1,233 — Net derivative positions $ 63 $ 74 $ (352) $ (39) 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) Reference Rate Reform In June 2023, the Company’s interest rate and cross-currency swap agreements were amended to implement modifications related to changing the reference rates from LIBOR to SOFR and from the Canadian Dollar Offered Rate to the Canadian Overnight Repo Rate Average. In connection with these amendments, the Company applied the hedge accounting relief provided by the Financial Accounting Standards Board (FASB) in ASU 2020-04, Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting to preserve the fair value hedge designation of the interest rate and cross-currency swaps. 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. The total notional amount of the Company’s pay-floating interest rate swaps at July 1, 2023 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 July 1, October 1, 2022 July 1, October 1, 2022 Borrowings: Current $ — $ 997 $ — $ (3) Long-term 12,542 12,358 (1,640) (1,733) $ 12,542 $ 13,355 $ (1,640) $ (1,736) The following amounts are included in “Interest expense, net” in the Condensed Consolidated Statements of Operations: Quarter Ended Nine Months Ended July 1, July 2, July 1, July 2, Gain (loss) on: Pay-floating swaps $ (208) $ (210) $ 98 $ (1,129) Borrowings hedged with pay-floating swaps 208 210 (98) 1,129 Benefit (expense) associated with interest accruals on pay-floating swaps (140) 6 (360) 76 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 July 1, 2023 or at October 1, 2022, and gains and losses related to pay-fixed interest rate swaps recognized in earnings for the quarters and nine-month periods ended July 1, 2023 and July 2, 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 July 1, 2023 and October 1, 2022, the notional amounts of the Company’s net foreign exchange cash flow hedges were $9.1 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 $274 million. The following table summarizes the effect of foreign exchange cash flow hedges on AOCI: Quarter Ended Nine Months Ended July 1, July 2, July 1, July 2, Gain (loss) recognized in Other Comprehensive Income $ 89 $ 583 $ (398) $ 704 Gain (loss) reclassified from AOCI into the Statements of Operations (1) 76 16 414 42 (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 July 1, 2023 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 and nine-month periods ended July 1, 2023 and July 2, 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 net notional amounts of these foreign exchange contracts at July 1, 2023 and October 1, 2022 were $4.6 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 Operations: Costs and Expenses Interest expense, net Income Tax Expense Quarter Ended: July 1, July 2, July 1, July 2, July 1, July 2, Net gains (losses) on foreign currency denominated assets and liabilities $ (61) $ (275) $ (19) $ 29 $ (15) $ 96 Net gains (losses) on foreign exchange risk management contracts not designated as hedges — 257 17 (28) 19 (89) Net gains (losses) $ (61) $ (18) $ (2) $ 1 $ 4 $ 7 Nine Months Ended: Net gains (losses) on foreign currency denominated assets and liabilities $ 99 $ (420) $ (39) $ 17 $ (124) $ 141 Net gains (losses) on foreign exchange risk management contracts not designated as hedges (260) 327 36 (18) 106 (132) Net gains (losses) $ (161) $ (93) $ (3) $ (1) $ (18) $ 9 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 July 1, 2023 and October 1, 2022 and related gains or losses recognized in earnings for the quarters and nine-month periods ended July 1, 2023 and July 2, 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 both July 1, 2023 and October 1, 2022 were $0.4 billion. The related gains or losses recognized in earnings were not material for the quarters and nine-month periods ended July 1, 2023 and July 2, 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 $1.6 billion and $1.5 billion at July 1, 2023 and October 1, 2022, respectively.

Restructuring and Impairment Ch

Restructuring and Impairment Charges	9 Months Ended
	Jul. 01, 2023
Restructuring and Related Activities [Abstract]
Restructuring and Related Activities Disclosure	Restructuring and Impairment Charges Content Impairment As part of the Company’s reorganization announced in February 2023, we reviewed our content for alignment with a strategic change in our approach to content curation, and, during the third quarter of fiscal 2023, we removed content from our DTC services and terminated certain third-party license agreements for the right to use content primarily on our DTC platforms. Accordingly, we recorded charges of $2.4 billion in the quarter ended July 1, 2023 (Content Impairment Charge), of which $2.0 billion was related to the write-off of produced content and $0.4 billion was related to the termination of the license agreements. We paid approximately $0.3 billion of cash to terminate these third-party license agreements. The charges are recorded in “Restructuring and impairment charges” in the Condensed Consolidated Statements of Operations. Restructuring The quarter ended July 1, 2023 included charges of $210 million for severance costs. The nine months ended July 1, 2023 included charges of $431 million primarily for severance costs and costs related to exiting our businesses in Russia. The quarter and nine months ended July 2, 2022 included charges of $42 million and $237 million, respectively, primarily due to asset impairments related to exiting our businesses in Russia. These charges are recorded in “Restructuring and impairment charges” in the Condensed Consolidated Statements of Operations.

New Accounting Pronouncements

New Accounting Pronouncements	9 Months Ended
	Jul. 01, 2023
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, including: 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 provide disclosures related to content production incentives, which are the most significant type of government assistance we receive.

Segment Information (Tables)

Segment Information (Tables)	9 Months Ended
	Jul. 01, 2023
Financial Information by Operating Segments	Segment revenues and segment operating income are as follows: Quarter Ended Nine Months Ended July 1, July 2, July 1, July 2, Revenues: Disney Media and Entertainment Distribution $ 14,004 $ 14,110 $ 42,819 $ 42,315 Disney Parks, Experiences and Products 8,326 7,394 24,838 21,280 Total segment revenues $ 22,330 $ 21,504 $ 67,657 $ 63,595 Segment operating income: Disney Media and Entertainment Distribution $ 1,134 $ 1,381 $ 2,243 $ 4,133 Disney Parks, Experiences and Products 2,425 2,186 7,644 6,391 Total segment operating income (1) $ 3,559 $ 3,567 $ 9,887 $ 10,524 (1) Equity in the income of investees is included in segment operating income as follows: Quarter Ended Nine Months Ended July 1, July 2, July 1, July 2, Disney Media and Entertainment Distribution $ 194 $ 230 $ 566 $ 693 Disney Parks, Experiences and Products — (2) (2) (10) Equity in the income of investees included in segment operating income 194 228 564 683 Amortization of TFCF intangible assets related to equity investees (3) (3) (9) (9) Equity in the income of investees, net $ 191 $ 225 $ 555 $ 674
Equity In Income of Investees By Segment	Equity in the income of investees is included in segment operating income as follows: Quarter Ended Nine Months Ended July 1, July 2, July 1, July 2, Disney Media and Entertainment Distribution $ 194 $ 230 $ 566 $ 693 Disney Parks, Experiences and Products — (2) (2) (10) Equity in the income of investees included in segment operating income 194 228 564 683 Amortization of TFCF intangible assets related to equity investees (3) (3) (9) (9) Equity in the income of investees, net $ 191 $ 225 $ 555 $ 674
Reconciliation of Revenue from Segments to Consolidated	A reconciliation of segment revenues to total revenues is as follows: Quarter Ended Nine Months Ended July 1, July 2, July 1, July 2, Segment revenues $ 22,330 $ 21,504 $ 67,657 $ 63,595 Content License Early Termination (1) — — — (1,023) Total revenues $ 22,330 $ 21,504 $ 67,657 $ 62,572 (1) In February 2022, the Company early terminated certain license agreements with a customer for film and television content, which was delivered in previous years, in order for the Company to use the content primarily on our DTC services (Content License Early Termination). Because the content is functional intellectual property (IP), we had recognized substantially all of the consideration to be paid by the customer under the licenses as revenue in prior years when the content was delivered. Consequently, we recorded the amounts to terminate the licenses agreements, net of remaining amounts of deferred revenue, as a reduction of revenue.
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 Nine Months Ended July 1, July 2, July 1, July 2, Segment operating income $ 3,559 $ 3,567 $ 9,887 $ 10,524 Content License Early Termination — — — (1,023) Corporate and unallocated shared expenses (295) (325) (854) (825) Restructuring and impairment charges (1) (2,650) (42) (2,871) (237) Other income (expense), net (2) (11) (136) 96 (730) Interest expense, net (305) (360) (927) (1,026) TFCF and Hulu acquisition amortization (3) (432) (585) (1,569) (1,774) Income from continuing operations before income taxes $ (134) $ 2,119 $ 3,762 $ 4,909 (1) See Note 16 for a discussion of amounts in restructuring and impairment charges. (2) See Note 4 for a discussion of amounts in other income (expense), net. (3) TFCF and Hulu acquisition amortization is as follows: Quarter Ended Nine Months Ended July 1, July 2, July 1, July 2, Amortization of intangible assets $ 361 $ 422 $ 1,186 $ 1,292 Step-up of film and television costs 68 160 374 473 Intangibles related to TFCF equity investees 3 3 9 9 $ 432 $ 585 $ 1,569 $ 1,774
Components of TFCF and Hulu Acquisition Amortization	TFCF and Hulu acquisition amortization is as follows: Quarter Ended Nine Months Ended July 1, July 2, July 1, July 2, Amortization of intangible assets $ 361 $ 422 $ 1,186 $ 1,292 Step-up of film and television costs 68 160 374 473 Intangibles related to TFCF equity investees 3 3 9 9 $ 432 $ 585 $ 1,569 $ 1,774
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 (16) — (16) Balance at July 1, 2023 $ 72,331 $ 5,550 $ 77,881

Revenues (Tables)

Revenues (Tables)	9 Months Ended
	Jul. 01, 2023
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 July 1, 2023 Quarter Ended July 2, 2022 DMED DPEP Total DMED DPEP Content License Early Termination Total Affiliate fees $ 4,234 $ — $ 4,234 $ 4,337 $ — $ — $ 4,337 Subscription fees 4,537 — 4,537 3,889 — — 3,889 Advertising 3,042 1 3,043 3,534 1 — 3,535 Theme park admissions — 2,731 2,731 — 2,312 — 2,312 Resort and vacations — 1,990 1,990 — 1,805 — 1,805 Retail and wholesale sales of merchandise, food and beverage — 2,226 2,226 — 1,896 — 1,896 Merchandise licensing — 876 876 — 916 — 916 TV/SVOD distribution licensing 646 — 646 1,119 — — 1,119 Theatrical distribution licensing 838 — 838 620 — — 620 Home entertainment 209 — 209 149 — — 149 Other 498 502 1,000 462 464 — 926 $ 14,004 $ 8,326 $ 22,330 $ 14,110 $ 7,394 $ — $ 21,504 Nine Months Ended July 1, 2023 Nine Months Ended July 2, 2022 DMED DPEP Total DMED DPEP Content License Early Termination Total Affiliate fees $ 12,870 $ — $ 12,870 $ 13,310 $ — $ — $ 13,310 Subscription fees 13,382 — 13,382 11,374 — — 11,374 Advertising 9,047 3 9,050 10,425 3 — 10,428 Theme park admissions — 7,800 7,800 — 6,437 — 6,437 Resort and vacations — 5,919 5,919 — 4,701 — 4,701 Retail and wholesale sales of merchandise, food and beverage — 6,750 6,750 — 5,801 — 5,801 Merchandise licensing — 2,791 2,791 — 2,928 — 2,928 TV/SVOD distribution licensing 2,658 — 2,658 3,639 — (1,023) 2,616 Theatrical distribution licensing 2,745 — 2,745 1,373 — — 1,373 Home entertainment 492 — 492 673 — — 673 Other 1,625 1,575 3,200 1,521 1,410 — 2,931 $ 42,819 $ 24,838 $ 67,657 $ 42,315 $ 21,280 $ (1,023) $ 62,572
Disaggregation of Revenue by Geographical Markets	The following table presents our revenues by segment and primary geographical markets: Quarter Ended July 1, 2023 Quarter Ended July 2, 2022 DMED DPEP Total DMED DPEP Total Americas $ 11,466 $ 6,299 $ 17,765 $ 11,444 $ 6,130 $ 17,574 Europe 1,352 984 2,336 1,230 897 2,127 Asia Pacific 1,186 1,043 2,229 1,436 367 1,803 Total revenues $ 14,004 $ 8,326 $ 22,330 $ 14,110 $ 7,394 $ 21,504 Content License Early Termination — $ 21,504 Nine Months Ended July 1, 2023 Nine Months Ended July 2, 2022 DMED DPEP Total DMED DPEP Total Americas $ 35,009 $ 19,357 $ 54,366 $ 34,465 $ 17,400 $ 51,865 Europe 4,373 2,794 7,167 4,111 2,389 6,500 Asia Pacific 3,437 2,687 6,124 3,739 1,491 5,230 Total revenues $ 42,819 $ 24,838 $ 67,657 $ 42,315 $ 21,280 $ 63,595 Content License Early Termination (1,023) $ 62,572
Contract with Customer, Asset and Liability	Accounts receivable and deferred revenues from contracts with customers are as follows: July 1, October 1, Accounts receivable Current $ 11,445 $ 10,886 Non-current 1,126 1,226 Allowance for credit losses (165) (179) Deferred revenues Current 5,871 5,531 Non-current 834 927

Other Income (Expense), Net (Ta

Other Income (Expense), Net (Tables)	9 Months Ended
	Jul. 01, 2023
Other Income and Expenses [Abstract]
Other Nonoperating Income and Expense	Other income (expense), net is as follows: Quarter Ended Nine Months Ended July 1, July 2, July 1, July 2, DraftKings gain (loss) $ 90 $ (136) $ 169 $ (726) Other, net (101) — (73) (4) Other income (expense), net $ (11) $ (136) $ 96 $ (730)

Cash, Cash Equivalents, Restr_2

Cash, Cash Equivalents, Restricted Cash and Borrowings (Tables)	9 Months Ended
	Jul. 01, 2023
Reconciliation of 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. July 1, October 1, Cash and cash equivalents $ 11,458 $ 11,615 Restricted cash included in: Other current assets 3 3 Other assets 52 43 Total cash, cash equivalents and restricted cash in the statement of cash flows $ 11,513 $ 11,661
Borrowing Activity	During the nine months ended July 1, 2023, the Company’s borrowing activity was as follows: October 1, Borrowings Payments Other July 1, Commercial paper with original maturities less than three months $ 50 $ 1,020 $ — $ 3 $ 1,073 Commercial paper with original maturities greater than three months 1,612 2,519 (3,499) — 632 U.S. dollar denominated notes (1) 45,091 — (1,242) (104) 43,745 Asia Theme Parks borrowings 1,425 70 (77) 18 1,436 Foreign currency denominated debt and other (2) 191 — — 112 303 $ 48,369 $ 3,609 $ (4,818) $ 29 $ 47,189 (1) The other activity is primarily due to the amortization of purchase accounting adjustments and debt issuance fees. (2) The other activity is primarily due to market value adjustments for debt with qualifying hedges.
Line of Credit Facilities	At July 1, 2023, 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 2024 $ 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 Operations and consist of the following: Quarter Ended Nine Months Ended July 1, July 2, July 1, July 2, Interest expense $ (503) $ (380) $ (1,472) $ (1,115) Interest and investment income 111 7 288 44 Net periodic pension and postretirement benefit costs (other than service costs) 87 13 257 45 Interest expense, net $ (305) $ (360) $ (927) $ (1,026)

International Theme Parks (Tabl

International Theme Parks (Tables)	9 Months Ended
	Jul. 01, 2023
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: July 1, October 1, 2022 Cash and cash equivalents $ 480 $ 280 Other current assets 190 137 Total current assets 670 417 Parks, resorts and other property 6,175 6,356 Other assets 195 161 Total assets $ 7,040 $ 6,934 Current liabilities $ 540 $ 468 Long-term borrowings 1,436 1,426 Other long-term liabilities 445 395 Total liabilities $ 2,421 $ 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 Operations for the nine months ended July 1, 2023: Revenues $ 3,530 Costs and expenses (3,067) Equity in the loss of investees (2)

Produced and Acquired_License_2

Produced and Acquired/Licensed Content Costs and Advances (Tables)	9 Months Ended
	Jul. 01, 2023
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 July 1, 2023 As of October 1, 2022 Predominantly Monetized Individually Predominantly Monetized Total Predominantly Monetized Individually Predominantly Monetized Total Produced content Released, less amortization $ 5,437 $ 13,282 $ 18,719 $ 4,639 $ 12,688 $ 17,327 Completed, not released 36 963 999 214 2,019 2,233 In-process 3,201 7,560 10,761 5,041 6,793 11,834 In development or pre-production 409 199 608 372 254 626 $ 9,083 $ 22,004 31,087 $ 10,266 $ 21,754 32,020 Licensed content - Television programming rights and advances 5,889 5,647 Total produced and licensed content $ 36,976 $ 37,667 Current portion $ 2,369 $ 1,890 Non-current portion $ 34,607 $ 35,777
Amortization of Produced and Licensed Content Costs	Amortization of produced and licensed content is as follows: Quarter Ended Nine Months Ended July 1, July 2, July 1, July 2, Produced content Predominantly monetized individually $ 954 $ 878 $ 3,117 $ 2,749 Predominantly monetized as a group 1,998 1,674 6,110 4,795 2,952 2,552 9,227 7,544 Licensed programming rights and advances 3,136 3,258 10,871 10,908 Total produced and licensed content costs (1) $ 6,088 $ 5,810 $ 20,098 $ 18,452 (1) Primarily included in “Costs of services” in the Condensed Consolidated Statements of Operations. Amounts exclude impairment charges of $2.0 billion for produced content and $257 million for licensed programming rights recorded in “Restructuring and impairment charges” in the Condensed Consolidated Statements of Operations in the quarter and nine months ended July 1, 2023 (see Note 16).

Pension and Other Benefit Pro_2

Pension and Other Benefit Programs (Tables)	9 Months Ended
	Jul. 01, 2023
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 Nine Months Ended Quarter Ended Nine Months Ended July 1, July 2, July 1, 2023 July 2, 2022 July 1, July 2, July 1, 2023 July 2, 2022 Service costs $ 65 $ 100 $ 193 $ 302 $ 1 $ 2 $ 4 $ 7 Other costs (benefits): Interest costs 195 124 586 374 20 13 61 39 Expected return on plan assets (288) (293) (863) (880) (15) (15) (45) (44) Amortization of previously deferred service costs 2 3 7 5 — — — — Recognized net actuarial loss 5 149 14 441 (6) 6 (17) 20 Total other costs (benefits) (86) (17) (256) (60) (1) 4 (1) 15 Net periodic benefit cost (income) $ (21) $ 83 $ (63) $ 242 $ — $ 6 $ 3 $ 22

Earnings Per Share (Tables)

Earnings Per Share (Tables)	9 Months Ended
	Jul. 01, 2023
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 Nine Months Ended July 1, July 2, July 1, July 2, Shares (in millions): Weighted average number of common and common equivalent shares outstanding (basic) 1,829 1,823 1,827 1,821 Weighted average dilutive impact of Awards (1) — 2 2 6 Weighted average number of common and common equivalent shares outstanding (diluted) 1,829 1,825 1,829 1,827 Awards excluded from diluted earnings per share 23 26 24 13 (1) Amounts exclude all potential common and common equivalent shares for periods when there is a net loss from continuing operations.

Equity (Tables)

Equity (Tables)	9 Months Ended
	Jul. 01, 2023
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 Third quarter of fiscal 2023 Balance at April 1, 2023 $ 2 $ (3,697) $ (1,701) $ (5,396) Quarter Ended July 1, 2023: Unrealized gains (losses) arising during the period 85 — (44) 41 Reclassifications of realized net (gains) losses to net income (73) 1 — (72) Balance at July 1, 2023 $ 14 $ (3,696) $ (1,745) $ (5,427) Third quarter of fiscal 2022 Balance at April 2, 2022 $ (51) $ (6,668) $ (1,280) $ (7,999) Quarter Ended July 2, 2022: Unrealized gains (losses) arising during the period 601 — (404) 197 Reclassifications of realized net (gains) losses to net income (27) 155 — 128 Balance at July 2, 2022 $ 523 $ (6,513) $ (1,684) $ (7,674) Nine months ended fiscal 2023 Balance at October 1, 2022 $ 804 $ (3,770) $ (2,014) $ (4,980) Nine Months Ended July 1, 2023: Unrealized gains (losses) arising during the period (383) 71 227 (85) Reclassifications of realized net (gains) losses to net income (407) 3 42 (362) Balance at July 1, 2023 $ 14 $ (3,696) $ (1,745) $ (5,427) Nine months ended fiscal 2022 Balance at October 2, 2021 $ (152) $ (7,025) $ (1,047) $ (8,224) Nine Months Ended July 2, 2022: Unrealized gains (losses) arising during the period 741 47 (637) 151 Reclassifications of realized net (gains) losses to net income (66) 465 — 399 Balance at July 2, 2022 $ 523 $ (6,513) $ (1,684) $ (7,674) Market Value Adjustments for Hedges Unrecognized Foreign AOCI Tax on AOCI Third quarter of fiscal 2023 Balance at April 1, 2023 $ (1) $ 885 $ 123 $ 1,007 Quarter Ended July 1, 2023: Unrealized gains (losses) arising during the period (19) — 9 (10) Reclassifications of realized net (gains) losses to net income 17 — — 17 Balance at July 1, 2023 $ (3) $ 885 $ 132 $ 1,014 Third quarter of fiscal 2022 Balance at April 2, 2022 $ 19 $ 1,570 $ 98 $ 1,687 Quarter Ended July 2, 2022: Unrealized gains (losses) arising during the period (152) — 27 (125) Reclassifications of realized net (gains) losses to net income 6 (36) — (30) Balance at July 2, 2022 $ (127) $ 1,534 $ 125 $ 1,532 Nine months ended fiscal 2023 Balance at October 1, 2022 $ (179) $ 901 $ 139 $ 861 Nine Months Ended July 1, 2023: Unrealized gains (losses) arising during the period 81 (16) 7 72 Reclassifications of realized net (gains) losses to net income 95 — (14) 81 Balance at July 1, 2023 $ (3) $ 885 $ 132 $ 1,014 Nine months ended fiscal 2022 Balance at October 2, 2021 $ 42 $ 1,653 $ 89 $ 1,784 Nine Months Ended July 2, 2022: Unrealized gains (losses) arising during the period (184) (11) 36 (159) Reclassifications of realized net (gains) losses to net income 15 (108) — (93) Balance at July 2, 2022 $ (127) $ 1,534 $ 125 $ 1,532 Market Value Adjustments for Hedges Unrecognized Foreign AOCI AOCI, after tax Third quarter of fiscal 2023 Balance at April 1, 2023 $ 1 $ (2,812) $ (1,578) $ (4,389) Quarter Ended July 1, 2023: Unrealized gains (losses) arising during the period 66 — (35) 31 Reclassifications of realized net (gains) losses to net income (56) 1 — (55) Balance at July 1, 2023 $ 11 $ (2,811) $ (1,613) $ (4,413) Third quarter of fiscal 2022 Balance at April 2, 2022 $ (32) $ (5,098) $ (1,182) $ (6,312) Quarter Ended July 2, 2022: Unrealized gains (losses) arising during the period 449 — (377) 72 Reclassifications of realized net (gains) losses to net income (21) 119 — 98 Balance at July 2, 2022 $ 396 $ (4,979) $ (1,559) $ (6,142) Nine months ended fiscal 2023 Balance at October 1, 2022 $ 625 $ (2,869) $ (1,875) $ (4,119) Nine Months Ended July 1, 2023: Unrealized gains (losses) arising during the period (302) 55 234 (13) Reclassifications of realized net (gains) losses to net income (312) 3 28 (281) Balance at July 1, 2023 $ 11 $ (2,811) $ (1,613) $ (4,413) Nine months ended fiscal 2022 Balance at October 2, 2021 $ (110) $ (5,372) $ (958) $ (6,440) Nine Months Ended July 2, 2022: Unrealized gains (losses) arising during the period 557 36 (601) (8) Reclassifications of realized net (gains) losses to net income (51) 357 — 306 Balance at July 2, 2022 $ 396 $ (4,979) $ (1,559) $ (6,142)
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 Nine Months Ended July 1, July 2, July 1, July 2, Market value adjustments, primarily cash flow hedges Primarily revenue $ 73 $ 27 $ 407 $ 66 Estimated tax Income taxes (17) (6) (95) (15) 56 21 312 51 Pension and postretirement medical expense Interest expense, net (1) (155) (3) (465) Estimated tax Income taxes — 36 — 108 (1) (119) (3) (357) Foreign currency translation and other Restructuring and impairment charges — — (42) — Estimated tax Income taxes — — 14 — — — (28) — Total reclassifications for the period $ 55 $ (98) $ 281 $ (306)

Equity-Based Compensation (Tabl

Equity-Based Compensation (Tables)	9 Months Ended
	Jul. 01, 2023
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 Nine Months Ended July 1, July 2, July 1, July 2, Stock options $ 19 $ 23 $ 58 $ 68 RSUs 272 250 803 655 Total equity-based compensation expense (1) $ 291 $ 273 $ 861 $ 723 Equity-based compensation expense capitalized during the period $ 35 $ 39 $ 108 $ 109 (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)	9 Months Ended
	Jul. 01, 2023
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 July 1, 2023 Level 1 Level 2 Level 3 Total Assets Investments $ 40 $ — $ — $ 40 Derivatives Foreign exchange — 1,128 — 1,128 Other — 7 — 7 Liabilities Derivatives Interest rate — (1,745) — (1,745) Foreign exchange — (767) — (767) Other — (8) — (8) Other — (474) — (474) Total recorded at fair value $ 40 $ (1,859) $ — $ (1,819) Fair value of borrowings $ — $ 42,915 $ 1,462 $ 44,377 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)	9 Months Ended
	Jul. 01, 2023
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 July 1, 2023 Current Other Assets Other Current Liabilities Other Long- Derivatives designated as hedges Foreign exchange $ 523 $ 336 $ (213) $ (99) Interest rate — — (1,745) — Other 1 1 (6) (2) Derivatives not designated as hedges Foreign exchange 266 3 (393) (62) Other 5 — — — Gross fair value of derivatives 795 340 (2,357) (163) Counterparty netting (634) (262) 772 124 Cash collateral (received) paid (98) (4) 1,233 — Net derivative positions $ 63 $ 74 $ (352) $ (39) 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 July 1, October 1, 2022 July 1, October 1, 2022 Borrowings: Current $ — $ 997 $ — $ (3) Long-term 12,542 12,358 (1,640) (1,733) $ 12,542 $ 13,355 $ (1,640) $ (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 Operations: Quarter Ended Nine Months Ended July 1, July 2, July 1, July 2, Gain (loss) on: Pay-floating swaps $ (208) $ (210) $ 98 $ (1,129) Borrowings hedged with pay-floating swaps 208 210 (98) 1,129 Benefit (expense) associated with interest accruals on pay-floating swaps (140) 6 (360) 76
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 Nine Months Ended July 1, July 2, July 1, July 2, Gain (loss) recognized in Other Comprehensive Income $ 89 $ 583 $ (398) $ 704 Gain (loss) reclassified from AOCI into the Statements of Operations (1) 76 16 414 42 (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 Operations: Costs and Expenses Interest expense, net Income Tax Expense Quarter Ended: July 1, July 2, July 1, July 2, July 1, July 2, Net gains (losses) on foreign currency denominated assets and liabilities $ (61) $ (275) $ (19) $ 29 $ (15) $ 96 Net gains (losses) on foreign exchange risk management contracts not designated as hedges — 257 17 (28) 19 (89) Net gains (losses) $ (61) $ (18) $ (2) $ 1 $ 4 $ 7 Nine Months Ended: Net gains (losses) on foreign currency denominated assets and liabilities $ 99 $ (420) $ (39) $ 17 $ (124) $ 141 Net gains (losses) on foreign exchange risk management contracts not designated as hedges (260) 327 36 (18) 106 (132) Net gains (losses) $ (161) $ (93) $ (3) $ (1) $ (18) $ 9

Principles of Consolidation Pri

Principles of Consolidation Principles of Consolidation - Additional Information (Details) - USD ($) $ in Millions		9 Months Ended
	Nov. 30, 2022	Jul. 01, 2023	Oct. 01, 2022	May 13, 2019
Schedule of Equity Method Investments
Redeemable Noncontrolling Interests		$ 8,886	$ 9,499
Hearst Corporation | Domestic DTC Sports Business
Schedule of Equity Method Investments
Contribution, Noncontrolling Owner		$ 710
Noncontrolling Interest, Ownership Percentage by Noncontrolling Owners		20%
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		$ 8,900
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		9 Months Ended
		Jul. 01, 2023	Jul. 02, 2022	Jul. 01, 2023	Jul. 02, 2022
Segment Reporting Information
Revenues		$ 22,330	$ 21,504	$ 67,657	$ 62,572
Segment operating income	[1]	3,559	3,567	9,887	10,524
Disney Media and Entertainment Distribution
Segment Reporting Information
Revenues		14,004	14,110	42,819	42,315
Segment operating income		1,134	1,381	2,243	4,133
Disney Parks, Experiences and Products
Segment Reporting Information
Revenues		8,326	7,394	24,838	21,280
Segment operating income		2,425	2,186	7,644	6,391
Total Segments
Segment Reporting Information
Revenues		$ 22,330	$ 21,504	$ 67,657	$ 63,595
[1]Equity in the income of investees is included in segment operating income as follows: Quarter Ended Nine Months Ended July 1, July 2, July 1, July 2, Disney Media and Entertainment Distribution $ 194 $ 230 $ 566 $ 693 Disney Parks, Experiences and Products — (2) (2) (10) Equity in the income of investees included in segment operating income 194 228 564 683 Amortization of TFCF intangible assets related to equity investees (3) (3) (9) (9) Equity in the income of investees, net $ 191 $ 225 $ 555 $ 674

Equity in the Income of Investe

Equity in the Income of Investees included in Segment Operating Results (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jul. 01, 2023	Jul. 02, 2022	Jul. 01, 2023	Jul. 02, 2022
Schedule of Equity Method Investments
Equity in the income of investees	$ 191	$ 225	$ 555	$ 674
Amortization of Intangible Assets Held by Equity Investees	(3)	(3)	(9)	(9)
Disney Media and Entertainment Distribution
Schedule of Equity Method Investments
Equity in the income of investees	194	230	566	693
Disney Parks, Experiences and Products
Schedule of Equity Method Investments
Equity in the income of investees	0	(2)	(2)	(10)
Total Segments
Schedule of Equity Method Investments
Equity in the income of investees	$ 194	$ 228	$ 564	$ 683

Reconciliation of Revenue from

Reconciliation of Revenue from Segments to Consolidated (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jul. 01, 2023	Jul. 02, 2022	Jul. 01, 2023	Jul. 02, 2022
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenues	$ 22,330	$ 21,504	$ 67,657	$ 62,572
Content License Early Termination	0	0	0	(1,023)	[1]
Total Segments
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenues	$ 22,330	$ 21,504	$ 67,657	$ 63,595
[1]In February 2022, the Company early terminated certain license agreements with a customer for film and television content, which was delivered in previous years, in order for the Company to use the content primarily on our DTC services (Content License Early Termination). Because the content is functional intellectual property (IP), we had recognized substantially all of the consideration to be paid by the customer under the licenses as revenue in prior years when the content was delivered. Consequently, we recorded the amounts to terminate the licenses agreements, net of remaining amounts of deferred revenue, as a reduction of revenue.

Reconciliation of Segment Opera

Reconciliation of Segment Operating Income to Income before Income Taxes (Details) - USD ($) $ in Millions		3 Months Ended		9 Months Ended
		Jul. 01, 2023	Jul. 02, 2022	Jul. 01, 2023	Jul. 02, 2022
Reconciling Items for Operating Income (Loss) from Segment to Consolidated
Segment operating income	[1]	$ 3,559	$ 3,567	$ 9,887	$ 10,524
Content License Early Termination		0	0	0	(1,023)	[2]
Corporate and unallocated shared expenses		(295)	(325)	(854)	(825)
Restructuring and impairment charges	[3]	(2,650)	(42)	(2,871)	(237)
Other income (expense), net	[4]	(11)	(136)	96	(730)
Interest expense, net		(305)	(360)	(927)	(1,026)
Amortization of Intangible Assets	[5]	(432)	(585)	(1,569)	(1,774)
Income (loss) from continuing operations before income taxes		$ (134)	$ 2,119	$ 3,762	$ 4,909
[1]Equity in the income of investees is included in segment operating income as follows: Quarter Ended Nine Months Ended July 1, July 2, July 1, July 2, Disney Media and Entertainment Distribution $ 194 $ 230 $ 566 $ 693 Disney Parks, Experiences and Products — (2) (2) (10) Equity in the income of investees included in segment operating income 194 228 564 683 Amortization of TFCF intangible assets related to equity investees (3) (3) (9) (9) Equity in the income of investees, net $ 191 $ 225 $ 555 $ 674 TFCF and Hulu acquisition amortization is as follows: Quarter Ended Nine Months Ended July 1, July 2, July 1, July 2, Amortization of intangible assets $ 361 $ 422 $ 1,186 $ 1,292 Step-up of film and television costs 68 160 374 473 Intangibles related to TFCF equity investees 3 3 9 9 $ 432 $ 585 $ 1,569 $ 1,774

TFCF and Hulu Acquisition Amort

TFCF and Hulu Acquisition Amortization (Details) - USD ($) $ in Millions		3 Months Ended		9 Months Ended
		Jul. 01, 2023	Jul. 02, 2022	Jul. 01, 2023	Jul. 02, 2022
Amortization of Intangible Assets	[1]	$ 432	$ 585	$ 1,569	$ 1,774
Amortization of Intangible Assets Held by Equity Investees		(3)	(3)	(9)	(9)
TFCF and Hulu
Amortization of Intangible Assets		361	422	1,186	1,292
Amortization		68	160	374	473
Amortization of Intangible Assets Held by Equity Investees		$ 3	$ 3	$ 9	$ 9
[1] TFCF and Hulu acquisition amortization is as follows: Quarter Ended Nine Months Ended July 1, July 2, July 1, July 2, Amortization of intangible assets $ 361 $ 422 $ 1,186 $ 1,292 Step-up of film and television costs 68 160 374 473 Intangibles related to TFCF equity investees 3 3 9 9 $ 432 $ 585 $ 1,569 $ 1,774

Acquisitions Changes in Carry A

Acquisitions Changes in Carry Amount of Goodwill (Details) $ in Millions	9 Months Ended
	Jul. 01, 2023 USD ($)
Goodwill [Line Items]
Beginning balance	$ 77,897
Currency translation adjustments and other, net	(16)
Ending balance	77,881
Disney Media and Entertainment Distribution
Goodwill [Line Items]
Beginning balance	72,347
Currency translation adjustments and other, net	(16)
Ending balance	72,331
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		9 Months Ended
	Jul. 01, 2023	Jul. 02, 2022	Jul. 01, 2023	Jul. 02, 2022
Disaggregation of Revenue [Line Items]
Revenues	$ 22,330	$ 21,504	$ 67,657	$ 62,572
Content License Early Termination	0	0	0	(1,023)	[1]
Affiliate fees
Disaggregation of Revenue [Line Items]
Revenues	4,234	4,337	12,870	13,310
Subscription fees
Disaggregation of Revenue [Line Items]
Revenues	4,537	3,889	13,382	11,374
Advertising
Disaggregation of Revenue [Line Items]
Revenues	3,043	3,535	9,050	10,428
Theme park admissions
Disaggregation of Revenue [Line Items]
Revenues	2,731	2,312	7,800	6,437
Resort and vacations
Disaggregation of Revenue [Line Items]
Revenues	1,990	1,805	5,919	4,701
Retail and wholesale sales of merchandise, food and beverage
Disaggregation of Revenue [Line Items]
Revenues	2,226	1,896	6,750	5,801
Merchandise licensing
Disaggregation of Revenue [Line Items]
Revenues	876	916	2,791	2,928
TV/SVOD distribution licensing
Disaggregation of Revenue [Line Items]
Revenues	646	1,119	2,658	2,616
Content License Early Termination		0		(1,023)
Theatrical distribution licensing
Disaggregation of Revenue [Line Items]
Revenues	838	620	2,745	1,373
Home entertainment
Disaggregation of Revenue [Line Items]
Revenues	209	149	492	673
Other
Disaggregation of Revenue [Line Items]
Revenues	1,000	926	3,200	2,931
Disney Media and Entertainment Distribution
Disaggregation of Revenue [Line Items]
Revenues	14,004	14,110	42,819	42,315
Disney Media and Entertainment Distribution | Affiliate fees
Disaggregation of Revenue [Line Items]
Revenues	4,234	4,337	12,870	13,310
Disney Media and Entertainment Distribution | Subscription fees
Disaggregation of Revenue [Line Items]
Revenues	4,537	3,889	13,382	11,374
Disney Media and Entertainment Distribution | Advertising
Disaggregation of Revenue [Line Items]
Revenues	3,042	3,534	9,047	10,425
Disney Media and Entertainment Distribution | Merchandise licensing
Disaggregation of Revenue [Line Items]
Revenues	0	0	0	0
Disney Media and Entertainment Distribution | TV/SVOD distribution licensing
Disaggregation of Revenue [Line Items]
Revenues	646	1,119	2,658	3,639
Disney Media and Entertainment Distribution | Theatrical distribution licensing
Disaggregation of Revenue [Line Items]
Revenues	838	620	2,745	1,373
Disney Media and Entertainment Distribution | Home entertainment
Disaggregation of Revenue [Line Items]
Revenues	209	149	492	673
Disney Media and Entertainment Distribution | Other
Disaggregation of Revenue [Line Items]
Revenues	498	462	1,625	1,521
Disney Parks, Experiences and Products
Disaggregation of Revenue [Line Items]
Revenues	8,326	7,394	24,838	21,280
Disney Parks, Experiences and Products | Advertising
Disaggregation of Revenue [Line Items]
Revenues	1	1	3	3
Disney Parks, Experiences and Products | Theme park admissions
Disaggregation of Revenue [Line Items]
Revenues	2,731	2,312	7,800	6,437
Disney Parks, Experiences and Products | Resort and vacations
Disaggregation of Revenue [Line Items]
Revenues	1,990	1,805	5,919	4,701
Disney Parks, Experiences and Products | Retail and wholesale sales of merchandise, food and beverage
Disaggregation of Revenue [Line Items]
Revenues	2,226	1,896	6,750	5,801
Disney Parks, Experiences and Products | Merchandise licensing
Disaggregation of Revenue [Line Items]
Revenues	876	916	2,791	2,928
Disney Parks, Experiences and Products | Other
Disaggregation of Revenue [Line Items]
Revenues	$ 502	$ 464	$ 1,575	$ 1,410
[1]In February 2022, the Company early terminated certain license agreements with a customer for film and television content, which was delivered in previous years, in order for the Company to use the content primarily on our DTC services (Content License Early Termination). Because the content is functional intellectual property (IP), we had recognized substantially all of the consideration to be paid by the customer under the licenses as revenue in prior years when the content was delivered. Consequently, we recorded the amounts to terminate the licenses agreements, net of remaining amounts of deferred revenue, as a reduction of revenue.

Disaggregation of Revenue by Ge

Disaggregation of Revenue by Geographical Markets (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jul. 01, 2023	Jul. 02, 2022	Jul. 01, 2023	Jul. 02, 2022
Disaggregation of Revenue [Line Items]
Revenues	$ 22,330	$ 21,504	$ 67,657	$ 62,572
Content License Early Termination	0	0	0	(1,023)	[1]
Disney Media and Entertainment Distribution
Disaggregation of Revenue [Line Items]
Revenues	14,004	14,110	42,819	42,315
Disney Media and Entertainment Distribution | Americas
Disaggregation of Revenue [Line Items]
Revenues	11,466	11,444	35,009	34,465
Disney Media and Entertainment Distribution | Europe
Disaggregation of Revenue [Line Items]
Revenues	1,352	1,230	4,373	4,111
Disney Media and Entertainment Distribution | Asia Pacific
Disaggregation of Revenue [Line Items]
Revenues	1,186	1,436	3,437	3,739
Disney Parks, Experiences and Products
Disaggregation of Revenue [Line Items]
Revenues	8,326	7,394	24,838	21,280
Disney Parks, Experiences and Products | Americas
Disaggregation of Revenue [Line Items]
Revenues	6,299	6,130	19,357	17,400
Disney Parks, Experiences and Products | Europe
Disaggregation of Revenue [Line Items]
Revenues	984	897	2,794	2,389
Disney Parks, Experiences and Products | Asia Pacific
Disaggregation of Revenue [Line Items]
Revenues	1,043	367	2,687	1,491
Total Segments
Disaggregation of Revenue [Line Items]
Revenues	22,330	21,504	67,657	63,595
Total Segments | Americas
Disaggregation of Revenue [Line Items]
Revenues	17,765	17,574	54,366	51,865
Total Segments | Europe
Disaggregation of Revenue [Line Items]
Revenues	2,336	2,127	7,167	6,500
Total Segments | Asia Pacific
Disaggregation of Revenue [Line Items]
Revenues	$ 2,229	$ 1,803	$ 6,124	$ 5,230
[1]In February 2022, the Company early terminated certain license agreements with a customer for film and television content, which was delivered in previous years, in order for the Company to use the content primarily on our DTC services (Content License Early Termination). Because the content is functional intellectual property (IP), we had recognized substantially all of the consideration to be paid by the customer under the licenses as revenue in prior years when the content was delivered. Consequently, we recorded the amounts to terminate the licenses agreements, net of remaining amounts of deferred revenue, as a reduction of revenue.

Contract with Customer, Asset a

Contract with Customer, Asset and Liability (Details) - USD ($) $ in Millions	Jul. 01, 2023	Oct. 01, 2022
Accounts Receivable, before Allowance for Credit Loss, Current	$ 11,445	$ 10,886
Accounts Receivable, before Allowance for Credit Loss, Noncurrent	1,126	1,226
Contract with Customer, Asset, Allowance for Credit Loss	(165)	(179)
Contract with Customer, Liability, Current	5,871	5,531
Contract with Customer, Liability, Noncurrent	$ 834	$ 927

Revenues - Additional Informati

Revenues - Additional Information (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jul. 01, 2023	Jul. 02, 2022	Jul. 01, 2023	Jul. 02, 2022	Oct. 01, 2022
Contract with Customer, Performance Obligation Satisfied in Previous Period	$ 300	$ 300	$ 700	$ 900
Revenue, Remaining Performance Obligation, Amount	16,000		16,000
Contract with Customer, Liability, Revenue Recognized	500	$ 400	4,700	$ 3,200
Syndicated programming
Long-term receivables, net of allowance for credit losses	500		500		$ 600
Mortgage Receivable
Long-term receivables, net of allowance for credit losses	600		600		$ 600
Unsatisfied performance obligation recognized in fiscal 2023
Revenue, Remaining Performance Obligation, Amount	2,000		2,000
Unsatisfied performance obligation recognized in fiscal 2024
Revenue, Remaining Performance Obligation, Amount	6,000		6,000
Unsatisfied performance obligation recognized in fiscal 2025
Revenue, Remaining Performance Obligation, Amount	4,000		4,000
Unsatisfied performance obligation recognized thereafter
Revenue, Remaining Performance Obligation, Amount	$ 4,000		$ 4,000

Other Income (Expense), Net (De

Other Income (Expense), Net (Details) - USD ($) $ in Millions		3 Months Ended		9 Months Ended
		Jul. 01, 2023	Jul. 02, 2022	Jul. 01, 2023	Jul. 02, 2022
Schedule of Other Income and Expense [Line Items]
Other Nonoperating Income (Expense)		$ (101)	$ 0	$ (73)	$ (4)
Other income (expense), net	[1]	(11)	(136)	96	(730)
DraftKings
Schedule of Other Income and Expense [Line Items]
Gain (Loss) on Investments		$ 90	$ (136)	$ 169	$ (726)
[1]See Note 4 for a discussion of amounts in other income (expense), net.

Other Income (Expense), net - A

Other Income (Expense), net - Additional Information (Details) - USD ($) $ in Millions	3 Months Ended	9 Months Ended
	Jul. 01, 2023	Jul. 01, 2023
Charge Related to a Legal Ruling
Loss Contingency, Damages Sought, Value	$ (101)	$ (101)
DraftKings
Gain on Sale of Investments	$ 90

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	Jul. 01, 2023	Oct. 01, 2022	Jul. 02, 2022	Oct. 02, 2021
Accounting Policies [Abstract]
Cash and Cash Equivalents	$ 11,458	$ 11,615
Restricted Cash and Investments, Current	3	3
Restricted Cash and Investments, Noncurrent	52	43
Cash, Cash Equivalents and Restricted Cash in the Statement of Cash Flows	$ 11,513	$ 11,661	$ 13,004	$ 16,003

Borrowing Activity (Details)

Borrowing Activity (Details) $ in Millions	9 Months Ended
	Jul. 01, 2023 USD ($)
Borrowings [Roll Forward]
Borrowings beginning balance	$ 48,369
Borrowings	3,609
Payments	(4,818)
Other Activity	29
Borrowings ending balance	47,189
Commercial paper with original maturities less than three months
Borrowings [Roll Forward]
Borrowings beginning balance	50
Borrowings	1,020
Payments	0
Other Activity	3
Borrowings ending balance	1,073
Commercial paper with original maturities greater than three months
Borrowings [Roll Forward]
Borrowings beginning balance	1,612
Borrowings	2,519
Payments	(3,499)
Other Activity	0
Borrowings ending balance	632
U.S. dollar denominated notes
Borrowings [Roll Forward]
Borrowings beginning balance	45,091
Borrowings	0
Payments	(1,242)
Other Activity	(104)	[1]
Borrowings ending balance	43,745
Asia International Theme Parks borrowings
Borrowings [Roll Forward]
Borrowings beginning balance	1,425
Borrowings	70
Payments	(77)
Other Activity	18
Borrowings ending balance	1,436
Foreign currency denominated debt and other
Borrowings [Roll Forward]
Borrowings beginning balance	191
Borrowings	0
Payments	0
Other Activity	112	[2]
Borrowings ending balance	$ 303
[1]The other activity is primarily due to the amortization of purchase accounting adjustments and debt issuance fees.[2]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	Jul. 01, 2023 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
Line of Credit Expiring March 2024
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
Line of Credit Expiring March 2025
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
Line of Credit Expiring March 2027
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		9 Months Ended
	Jul. 01, 2023	Jul. 02, 2022	Jul. 01, 2023	Jul. 02, 2022
Interest expense	$ (503)	$ (380)	$ (1,472)	$ (1,115)
Interest and investment income	111	7	288	44
Net periodic pension and postretirement benefit costs other than service costs	87	13	257	45
Interest expense, net	$ (305)	$ (360)	$ (927)	$ (1,026)

Cash, Cash Equivalents, Restr_5

Cash, Cash Equivalents, Restricted Cash and Borrowings - Additional Information (Details) $ in Millions	3 Months Ended	9 Months Ended
	Jul. 01, 2023 USD ($)	Jul. 01, 2023 USD ($)
Debt Instrument [Line Items]
Line of Credit Facility, Interest Rate Description	These facilities allow for borrowings at rates based on the Secured Overnight Financing Rate (SOFR), and at other variable rates for non-U.S. dollar denominated borrowings, 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 0.655% to 1.225%.
Line of Credit Facility, Maximum Borrowing Capacity	$ 12,250	$ 12,250
Letters of Credit Outstanding, Amount	1,700	$ 1,700
Minimum
Debt Instrument [Line Items]
Variable Spread Above SOFR		0.655%
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	$ 500
Line of Credit Expiring March 2024
Debt Instrument [Line Items]
Line of Credit Facility, Expiration Date		Mar. 31, 2024
Line of Credit Facility, Maximum Borrowing Capacity	5,250	$ 5,250
Line of Credit Expiring March 2025
Debt Instrument [Line Items]
Line of Credit Facility, Expiration Date		Mar. 31, 2025
Line of Credit Facility, Maximum Borrowing Capacity	3,000	$ 3,000
Line of Credit Expiring March 2027
Debt Instrument [Line Items]
Line of Credit Facility, Expiration Date		Mar. 31, 2027
Line of Credit Facility, Maximum Borrowing Capacity	4,000	$ 4,000
Credit Facility available beginning August 2023 | Disney Cruise Line
Debt Instrument [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity	$ 1,100	$ 1,100
Debt Instrument, Interest Rate, Stated Percentage	3.80%	3.80%
Credit Facility available beginning August 2024 | Disney Cruise Line
Debt Instrument [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity	$ 1,100	$ 1,100
Debt Instrument, Interest Rate, Stated Percentage	3.74%	3.74%

Impact of Consolidating Balance

Impact of Consolidating Balance Sheets of Asia Theme Parks (Details) - USD ($) $ in Millions	Jul. 01, 2023	Oct. 01, 2022
Schedule of Condensed Consolidating Balance Sheets [Line Items]
Cash and Cash Equivalents	$ 11,458	$ 11,615
Other current assets	1,335	1,199
Total current assets	30,174	29,098
Parks, resorts and other property	34,577	33,596
Other assets	10,004	9,208
Total assets	203,783	203,631
Current liabilities	28,234	29,073
Long-term borrowings	44,544	45,299
Asia International Theme Parks
Schedule of Condensed Consolidating Balance Sheets [Line Items]
Cash and Cash Equivalents	480	280
Other current assets	190	137
Total current assets	670	417
Parks, resorts and other property	6,175	6,356
Other assets	195	161
Total assets	7,040	6,934
Current liabilities	540	468
Long-term borrowings	1,436	1,426
Other long-term liabilities	445	395
Total liabilities	$ 2,421	$ 2,289

Impact of Consolidating Income

Impact of Consolidating Income Statements of International Theme Parks (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jul. 01, 2023	Jul. 02, 2022	Jul. 01, 2023	Jul. 02, 2022
Schedule of Condensed Consolidating Statement of Operations [Line Items]
Revenues	$ 22,330	$ 21,504	$ 67,657	$ 62,572
Cost and expenses	(19,689)	(19,072)	(60,748)	(56,344)
Equity in the loss of investees	$ 191	$ 225	555	$ 674
International Theme Parks
Schedule of Condensed Consolidating Statement of Operations [Line Items]
Revenues			3,530
Cost and expenses			(3,067)
Equity in the loss of investees			$ (2)

International Theme Parks - Add

International Theme Parks - Additional Information (Details) ¥ in Millions, $ in Millions, $ in Billions	9 Months Ended
	Jul. 01, 2023 USD ($)	Jul. 01, 2023 HKD ($)	Jul. 01, 2023 CNY (¥)	Jul. 02, 2022 USD ($)
Noncontrolling Interest
Net Cash Used in Investing Activities	$ (3,259)			$ (3,872)
Maximum
Noncontrolling Interest
Variable Spread Above Reference Rate	1.225%	1.225%	1.225%
Asia International Theme Parks
Noncontrolling Interest
Royalties And Management Fees	$ 155
International Theme Parks
Noncontrolling Interest
Net Cash Provided by Operating Activities	1,123
Net Cash Used in Investing Activities	(683)
Net Cash Provided by Financing Activities	5
Hong Kong Disneyland Resort | Loans
Noncontrolling Interest
Variable Interest Entity, Financial or Other Support, Amount	160
Variable Interest Entity, Financial or Other Support, Amount from Noncontrolling Interests	$ 107
Debt Instrument, Maturity Date	Sep. 30, 2025	Sep. 30, 2025	Sep. 30, 2025
Hong Kong Disneyland Resort | Loans | HIBOR
Noncontrolling Interest
Variable Spread Above Reference Rate	2%	2%	2%
Hong Kong Disneyland Resort | Line of Credit
Noncontrolling Interest
Variable Interest Entity, Financial or Other Support, Amount	$ 345	$ 2.7
Variable Interest Entity, Financial or Other Support, Amount, Outstanding	$ 189
Debt Instrument, Maturity Date	Dec. 31, 2028	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%	1.25%
Shanghai Disney Resort | Loans
Noncontrolling Interest
Variable Interest Entity, Financial or Other Support, Amount	$ 956
Variable Interest Entity, Financial or Other Support, Amount from Noncontrolling Interests	$ 1,200		¥ 8,600
Shanghai Disney Resort | Loans | Maximum
Noncontrolling Interest
Debt Instrument, Interest Rate, Stated Percentage	8%	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%	8%
Variable Interest Entity, Financial or Other Support, Amount, Outstanding	$ 112		¥ 800
Variable Interest Entity, Financial or Other Support, Amount from Noncontrolling Interests, Outstanding	$ 149		¥ 1,100
Hong Kong Disneyland Resort
Noncontrolling Interest
Effective Ownership Interest	48%	48%	48%
Noncontrolling Interest, Ownership Percentage by Noncontrolling Owners	52%	52%	52%
Shanghai Disney Resort
Noncontrolling Interest
Effective Ownership Interest	43%	43%	43%
Noncontrolling Interest, Ownership Percentage by Noncontrolling Owners	57%	57%	57%
Shanghai Disney Resort Management Company
Noncontrolling Interest
Effective Ownership Interest	70%	70%	70%
Noncontrolling Interest, Ownership Percentage by Noncontrolling Owners	30%	30%	30%
Shanghai Disney Resort Management Company | Shanghai Disney Resort | Loans
Noncontrolling Interest
Debt Instrument, Maturity Date	Dec. 31, 2036	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	Dec. 31, 2036

Balances of Produced and Licens

Balances of Produced and Licensed Content Costs (Details) - USD ($) $ in Millions	Jul. 01, 2023	Oct. 01, 2022
Film, Monetized on Its Own, Capitalized Cost [Abstract]
Released, less amortization	$ 5,437	$ 4,639
Completed, not released	36	214
In-process	3,201	5,041
In development or pre-production	409	372
Film, Monetized on Its Own, Capitalized Cost	9,083	10,266
Film, Monetized in Film Group, Capitalized Cost [Abstract]
Released, less amortization	13,282	12,688
Completed, not released	963	2,019
In-process	7,560	6,793
In development or pre-production	199	254
Film, Monetized in Film Group, Capitalized Cost	22,004	21,754
Film, Capitalized Cost [Abstract]
Released, less amortization	18,719	17,327
Completed, not released	999	2,233
In-process	10,761	11,834
In development or pre-production	608	626
Film, Capitalized Cost	31,087	32,020
Licensed television programming rights and advances	5,889	5,647
Produced and Licensed Content, Total	36,976	37,667
Current portion	2,369	1,890
Non-current portion	$ 34,607	$ 35,777

Amortization of Produced and Li

Amortization of Produced and Licensed Content Costs (Details) - USD ($) $ in Millions		3 Months Ended		9 Months Ended
		Jul. 01, 2023	Jul. 02, 2022	Jul. 01, 2023	Jul. 02, 2022
Amortization of Produced Content Costs		$ 2,952	$ 2,552	$ 9,227	$ 7,544
Amortization of Licensed Television and Programming Rights		3,136	3,258	10,871	10,908
Amortization of Produced and Licensed Content Costs, Total	[1]	6,088	5,810	20,098	18,452
Monetized individually
Amortization of Produced Content Costs		954	878	3,117	2,749
Monetized as a group
Amortization of Produced Content Costs		$ 1,998	$ 1,674	$ 6,110	$ 4,795
[1]Primarily included in “Costs of services” in the Condensed Consolidated Statements of Operations. Amounts exclude impairment charges of $2.0 billion for produced content and $257 million for licensed programming rights recorded in “Restructuring and impairment charges” in the Condensed Consolidated Statements of Operations in the quarter and nine months ended July 1, 2023 (see Note 16).

Produced and Acquired_License_3

Produced and Acquired/Licensed Content Costs and Advances - Additional Information (Details) - USD ($) $ in Millions	3 Months Ended	9 Months Ended
	Jul. 01, 2023	Jul. 01, 2023	Jul. 02, 2022
Asset Impairment Charges	$ 2,400	$ 2,266	$ 0
Produced Content
Asset Impairment Charges	2,000	2,000
Licensed Programming Rights
Asset Impairment Charges	$ 257	$ 257

Income Taxes Income Tax (Detail

Income Taxes Income Tax (Details) $ in Millions	9 Months Ended
	Jul. 01, 2023 USD ($)
Income Tax [Line Items]
Unrecognized Tax Benefits, Period Increase (Decrease)	$ 200
Unrecognized Tax Benefits	2,700
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		9 Months Ended
	Jul. 01, 2023	Jul. 02, 2022	Jul. 01, 2023	Jul. 02, 2022
Defined Benefit Plan Disclosure [Line Items]
Net Periodic Defined Benefits Expense (Reversal of Expense), Excluding Service Cost Component	$ (87)	$ (13)	$ (257)	$ (45)
Pension Plans
Defined Benefit Plan Disclosure [Line Items]
Service costs	65	100	193	302
Interest costs	195	124	586	374
Expected return on plan assets	(288)	(293)	(863)	(880)
Amortization of previously deferred service costs	2	3	7	5
Recognized net actuarial loss	5	149	14	441
Net Periodic Defined Benefits Expense (Reversal of Expense), Excluding Service Cost Component	(86)	(17)	(256)	(60)
Net periodic benefit cost (income)	(21)	83	(63)	242
Postretirement Medical Plans
Defined Benefit Plan Disclosure [Line Items]
Service costs	1	2	4	7
Interest costs	20	13	61	39
Expected return on plan assets	(15)	(15)	(45)	(44)
Amortization of previously deferred service costs	0	0	0	0
Recognized net actuarial loss	(6)	6	(17)	20
Net Periodic Defined Benefits Expense (Reversal of Expense), Excluding Service Cost Component	(1)	4	(1)	15
Net periodic benefit cost (income)	$ 0	$ 6	$ 3	$ 22

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			9 Months Ended
	Jul. 01, 2023		Jul. 02, 2022	Jul. 01, 2023	Jul. 02, 2022
Shares (in millions):
Weighted average number of common and common equivalent shares outstanding (basic)	1,829		1,823	1,827	1,821
Weighed average dilutive impact of awards	0	[1]	2	2	6
Weighted average number of common and common equivalent shares outstanding (diluted)	1,829		1,825	1,829	1,827
Awards excluded from diluted earnings per share	23		26	24	13
[1]Amounts exclude all potential common and common equivalent shares for periods when there is a net loss from continuing operations.

Equity Changes in Accumulated O

Equity Changes in Accumulated Other Comprehensive Loss, Before Tax (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jul. 01, 2023	Jul. 02, 2022	Jul. 01, 2023	Jul. 02, 2022
Accumulated Other Comprehensive Income (Loss) [Line Items]
AOCI before Tax, Attributable to Parent, Beginning Balance	$ (5,396)	$ (7,999)	$ (4,980)	$ (8,224)
Unrealized gains (losses) arising during the period	41	197	(85)	151
Reclassifications of realized net (gains) losses to net income	(72)	128	(362)	399
AOCI before Tax, Attributable to Parent, Ending Balance	(5,427)	(7,674)	(5,427)	(7,674)
Market Value Adjustments for Hedges
Accumulated Other Comprehensive Income (Loss) [Line Items]
AOCI before Tax, Attributable to Parent, Beginning Balance	2	(51)	804	(152)
Unrealized gains (losses) arising during the period	85	601	(383)	741
Reclassifications of realized net (gains) losses to net income	(73)	(27)	(407)	(66)
AOCI before Tax, Attributable to Parent, Ending Balance	14	523	14	523
Unrecognized Pension and  Postretirement Medical  Expense
Accumulated Other Comprehensive Income (Loss) [Line Items]
AOCI before Tax, Attributable to Parent, Beginning Balance	(3,697)	(6,668)	(3,770)	(7,025)
Unrealized gains (losses) arising during the period	0	0	71	47
Reclassifications of realized net (gains) losses to net income	1	155	3	465
AOCI before Tax, Attributable to Parent, Ending Balance	(3,696)	(6,513)	(3,696)	(6,513)
Foreign Currency Translation and Other
Accumulated Other Comprehensive Income (Loss) [Line Items]
AOCI before Tax, Attributable to Parent, Beginning Balance	(1,701)	(1,280)	(2,014)	(1,047)
Unrealized gains (losses) arising during the period	(44)	(404)	227	(637)
Reclassifications of realized net (gains) losses to net income	0	0	42	0
AOCI before Tax, Attributable to Parent, Ending Balance	$ (1,745)	$ (1,684)	$ (1,745)	$ (1,684)

Equity Changes in Accumulated_2

Equity Changes in Accumulated Other Comprehensive Loss, Tax (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jul. 01, 2023	Jul. 02, 2022	Jul. 01, 2023	Jul. 02, 2022
Accumulated Other Comprehensive Income (Loss) [Line Items]
AOCI Tax, Attributable to Parent, Beginning Balance	$ 1,007	$ 1,687	$ 861	$ 1,784
Unrealized gains (losses) arising during the period	(10)	(125)	72	(159)
Reclassifications of realized net (gains) losses to net income	17	(30)	81	(93)
AOCI Tax, Attributable to Parent, Ending Balance	1,014	1,532	1,014	1,532
Market Value Adjustments for Hedges
Accumulated Other Comprehensive Income (Loss) [Line Items]
AOCI Tax, Attributable to Parent, Beginning Balance	(1)	19	(179)	42
Unrealized gains (losses) arising during the period	(19)	(152)	81	(184)
Reclassifications of realized net (gains) losses to net income	17	6	95	15
AOCI Tax, Attributable to Parent, Ending Balance	(3)	(127)	(3)	(127)
Unrecognized Pension and  Postretirement Medical  Expense
Accumulated Other Comprehensive Income (Loss) [Line Items]
AOCI Tax, Attributable to Parent, Beginning Balance	885	1,570	901	1,653
Unrealized gains (losses) arising during the period	0	0	(16)	(11)
Reclassifications of realized net (gains) losses to net income	0	(36)	0	(108)
AOCI Tax, Attributable to Parent, Ending Balance	885	1,534	885	1,534
Foreign Currency Translation and Other
Accumulated Other Comprehensive Income (Loss) [Line Items]
AOCI Tax, Attributable to Parent, Beginning Balance	123	98	139	89
Unrealized gains (losses) arising during the period	9	27	7	36
Reclassifications of realized net (gains) losses to net income	0	0	(14)	0
AOCI Tax, Attributable to Parent, Ending Balance	$ 132	$ 125	$ 132	$ 125

Changes in Accumulated Other Co

Changes in Accumulated Other Comprehensive Loss, Net of Tax (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jul. 01, 2023	Jul. 02, 2022	Jul. 01, 2023	Jul. 02, 2022
Accumulated Other Comprehensive Income (Loss) [Line Items]
AOCI, Beginning Balance	$ (4,389)	$ (6,312)	$ (4,119)	$ (6,440)
Unrealized gains (losses) arising during the period	31	72	(13)	(8)
Reclassifications of realized net (gains) losses to net income	(55)	98	(281)	306
AOCI, Ending Balance	(4,413)	(6,142)	(4,413)	(6,142)
Market Value Adjustments for Hedges
Accumulated Other Comprehensive Income (Loss) [Line Items]
AOCI, Beginning Balance	1	(32)	625	(110)
Unrealized gains (losses) arising during the period	66	449	(302)	557
Reclassifications of realized net (gains) losses to net income	(56)	(21)	(312)	(51)
AOCI, Ending Balance	11	396	11	396
Unrecognized Pension and  Postretirement Medical  Expense
Accumulated Other Comprehensive Income (Loss) [Line Items]
AOCI, Beginning Balance	(2,812)	(5,098)	(2,869)	(5,372)
Unrealized gains (losses) arising during the period	0	0	55	36
Reclassifications of realized net (gains) losses to net income	1	119	3	357
AOCI, Ending Balance	(2,811)	(4,979)	(2,811)	(4,979)
Foreign Currency Translation and Other
Accumulated Other Comprehensive Income (Loss) [Line Items]
AOCI, Beginning Balance	(1,578)	(1,182)	(1,875)	(958)
Unrealized gains (losses) arising during the period	(35)	(377)	234	(601)
Reclassifications of realized net (gains) losses to net income	0	0	28	0
AOCI, Ending Balance	$ (1,613)	$ (1,559)	$ (1,613)	$ (1,559)

Details about AOCI Components R

Details about AOCI Components Reclassified to Net Income (Details) - USD ($) $ in Millions		3 Months Ended		9 Months Ended
		Jul. 01, 2023	Jul. 02, 2022	Jul. 01, 2023	Jul. 02, 2022
Details about AOCI Components Reclassified to Net Income
Revenues		$ 22,330	$ 21,504	$ 67,657	$ 62,572
Interest expense, net		305	360	927	1,026
Restructuring and impairment charges	[1]	2,650	42	2,871	237
Income taxes		(19)	(617)	(1,066)	(1,610)
Net income attributable to The Walt Disney Company (Disney)		(460)	1,409	2,090	2,983
Reclassification out of Accumulated Other Comprehensive Income
Details about AOCI Components Reclassified to Net Income
Net income attributable to The Walt Disney Company (Disney)		55	(98)	281	(306)
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		73	27	407	66
Income taxes		(17)	(6)	(95)	(15)
Net income attributable to The Walt Disney Company (Disney)		56	21	312	51
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)	(3)	(465)
Income taxes		0	36	0	108
Net income attributable to The Walt Disney Company (Disney)		(1)	(119)	(3)	(357)
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		0	0	(42)	0
Income taxes		0	0	14	0
Net income attributable to The Walt Disney Company (Disney)		$ 0	$ 0	$ (28)	$ 0
[1]See Note 16 for a discussion of amounts in restructuring and impairment charges.

Compensation Expense Related to

Compensation Expense Related to Stock Options, Stock Appreciation Rights and Restricted Stock Units (Details) - USD ($) $ in Millions		3 Months Ended		9 Months Ended
		Jul. 01, 2023	Jul. 02, 2022	Jul. 01, 2023	Jul. 02, 2022
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options		$ 19	$ 23	$ 58	$ 68
RSUs		272	250	803	655
Total equity-based compensation expense	[1]	291	273	861	723
Equity-based compensation expense capitalized during the period		$ 35	$ 39	$ 108	$ 109
[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	9 Months Ended
	Jul. 01, 2023	Jul. 02, 2022
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted average grant date fair values of options issued	$ 34.70	$ 46.86
Weighted average grant date fair values of RSUs issued	$ 91.98	$ 139.55
Stock Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation cost	$ 73
Stock compensation granted, number of shares	1.6
Restricted Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation cost	$ 1,600
Stock compensation granted, number of shares	9.9

Assets and Liabilities Measured

Assets and Liabilities Measured at Fair Value (Details) - Fair Value, Measurements, Recurring - USD ($) $ in Millions	Jul. 01, 2023	Oct. 01, 2022
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Investments	$ 40	$ 308
Other Liabilities	(474)	(354)
Total	(1,819)	(865)
Fair value of borrowings	44,377	44,019
Interest rate
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative Asset		1
Derivative Liabilities	(1,745)	(1,783)
Foreign exchange
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative Asset	1,128	2,223
Derivative Liabilities	(767)	(1,239)
Other Derivative
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative Asset	7	10
Derivative Liabilities	(8)	(31)
Level 1
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Investments	40	308
Other Liabilities	0	0
Total	40	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	(474)	(354)
Total	(1,859)	(1,173)
Fair value of borrowings	42,915	42,509
Level 2 | Interest rate
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative Asset		1
Derivative Liabilities	(1,745)	(1,783)
Level 2 | Foreign exchange
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative Asset	1,128	2,223
Derivative Liabilities	(767)	(1,239)
Level 2 | Other Derivative
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative Asset	7	10
Derivative Liabilities	(8)	(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	1,462	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	Jul. 01, 2023	Oct. 01, 2022
Current Assets
Derivatives, Fair Value [Line Items]
Derivative Asset, Fair Value, Gross Asset Including Not Subject to Master Netting Arrangement	$ 795	$ 1,210
Derivative Asset, Counterparty Netting Offset	(634)	(831)
Derivative Asset, Collateral, Obligation to Return Cash, Offset	(98)	(341)
Net derivative positions	63	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	523	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	1	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	266	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	5	0
Other Assets
Derivatives, Fair Value [Line Items]
Derivative Asset, Fair Value, Gross Asset Including Not Subject to Master Netting Arrangement	340	1,034
Derivative Asset, Counterparty Netting Offset	(262)	(715)
Derivative Asset, Collateral, Obligation to Return Cash, Offset	(4)	(151)
Net derivative positions	74	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	336	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	3	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	(2,357)	(2,416)
Derivative Liability, Counterparty netting offset	772	1,070
Derivative Liability, Collateral, Right to Reclaim Cash, Offset	1,233	1,282
Net derivative positions	(352)	(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	(213)	(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	(1,745)	(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	(6)	(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	(393)	(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	0	(27)
Other Long-Term Liabilities
Derivatives, Fair Value [Line Items]
Derivative Liability, Fair Value, Gross Liability Including Not Subject to Master Netting Arrangement	(163)	(637)
Derivative Liability, Counterparty netting offset	124	476
Derivative Liability, Collateral, Right to Reclaim Cash, Offset	0	96
Net derivative positions	(39)	(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	(99)	(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	(2)	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	(62)	(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	Jul. 01, 2023	Oct. 01, 2022
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Hedged Liability, Fair Value Hedge	$ 12,542	$ 13,355
Hedged Liability, Fair Value Hedge, Cumulative Increase (Decrease)	(1,640)	(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	12,542	12,358
Hedged Liability, Fair Value Hedge, Cumulative Increase (Decrease)	$ (1,640)	$ (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		9 Months Ended
	Jul. 01, 2023	Jul. 02, 2022	Jul. 01, 2023	Jul. 02, 2022
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) on pay-floating swaps	$ (208)	$ (210)	$ 98	$ (1,129)
Gain (loss) on hedged borrowings	208	210	(98)	1,129
Derivative, Gain (Loss) on Derivative, Net	$ (140)	$ 6	$ (360)	$ 76

Derivative Instruments Effect o

Derivative Instruments Effect of Foreign Currency Cash Flow Hedges on AOCI (Details) - USD ($) $ in Millions		3 Months Ended		9 Months Ended
		Jul. 01, 2023	Jul. 02, 2022	Jul. 01, 2023	Jul. 02, 2022
Foreign Currency Fair Value Hedge Derivative [Line Items]
Unrealized Gain (Loss) on Foreign Currency Derivatives, Net, before Tax		$ 89	$ 583	$ (398)	$ 704
Foreign Currency Cash Flow Hedge Gain (Loss) Reclassified to Earnings, Net	[1]	$ 76	$ 16	$ 414	$ 42
[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		9 Months Ended
	Jul. 01, 2023	Jul. 02, 2022	Jul. 01, 2023	Jul. 02, 2022
Costs and Expenses
Derivative Instruments, Gain (Loss) [Line Items]
Net gain (loss) on foreign currency denominated assets and liabilities	$ (61)	$ (275)	$ 99	$ (420)
Net gain (loss) on foreign exchange risk management contracts not designated as hedges	0	257	(260)	327
Net gain (loss)	(61)	(18)	(161)	(93)
Interest Expense
Derivative Instruments, Gain (Loss) [Line Items]
Net gain (loss) on foreign currency denominated assets and liabilities	(19)	29	(39)	17
Net gain (loss) on foreign exchange risk management contracts not designated as hedges	17	(28)	36	(18)
Net gain (loss)	(2)	1	(3)	(1)
Income Taxes
Derivative Instruments, Gain (Loss) [Line Items]
Net gain (loss) on foreign currency denominated assets and liabilities	(15)	96	(124)	141
Net gain (loss) on foreign exchange risk management contracts not designated as hedges	19	(89)	106	(132)
Net gain (loss)	$ 4	$ 7	$ (18)	$ 9

Derivative Instruments - Additi

Derivative Instruments - Additional Information (Details) $ in Millions, $ in Millions	3 Months Ended	9 Months Ended
	Jul. 01, 2023 USD ($)	Jul. 01, 2023 USD ($)	Jul. 01, 2023 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	$ 274
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	1,600	$ 1,600		$ 1,500
Derivatives designated as hedges | Interest rate | Fair Value Hedging
Derivative [Line Items]
Derivative, Notional Amount	13,500	13,500		14,500
Derivatives designated as hedges | Foreign exchange | Cash Flow Hedging
Derivative [Line Items]
Derivative, Notional Amount	9,100	9,100		7,400
Derivatives designated as hedges | Currency Swap | Fair Value Hedging
Derivative [Line Items]
Derivative, Notional Amount	1,000	1,000	$ 1,300	900	$ 1,300
Not Designated as Hedging Instrument | Foreign exchange
Derivative [Line Items]
Derivative, Notional Amount	4,600	4,600		3,800
Not Designated as Hedging Instrument | Other Derivative
Derivative [Line Items]
Derivative, Notional Amount	$ 400	$ 400		$ 400

Restructuring and Impairment _2

Restructuring and Impairment Charges - Additional Details (Details) - USD ($) $ in Millions		3 Months Ended		9 Months Ended
		Jul. 01, 2023	Jul. 02, 2022	Jul. 01, 2023	Jul. 02, 2022
Restructuring Cost and Reserve [Line Items]
Asset Impairment Charges		$ 2,400		$ 2,266	$ 0
Restructuring and impairment charges	[1]	2,650	$ 42	2,871	237
Produced Content
Restructuring Cost and Reserve [Line Items]
Asset Impairment Charges		2,000		2,000
Licensing Agreements
Restructuring Cost and Reserve [Line Items]
Asset Impairment Charges		400
Payments for Restructuring		300
Employee Severance
Restructuring Cost and Reserve [Line Items]
Restructuring and impairment charges		$ 210
Severance and Russia Business
Restructuring Cost and Reserve [Line Items]
Restructuring and impairment charges				$ 431
Russia Business
Restructuring Cost and Reserve [Line Items]
Restructuring and impairment charges			$ 42		$ 237
[1]See Note 16 for a discussion of amounts in restructuring and impairment charges.