The Walt Disney Company (DIS) 10-Q 7 Feb 24 2024 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Dec. 30, 2023	Jan. 31, 2024
Document Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Dec. 30, 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		1,834,302,235
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q1
Entity Central Index Key	0001744489
Current Fiscal Year End Date	--09-28
Amendment Flag	false

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($) shares in Millions, $ in Millions		3 Months Ended
		Dec. 30, 2023	Dec. 31, 2022
Revenues		$ 23,549	$ 23,512
Selling, general, administrative and other		(3,783)	(3,827)
Depreciation and amortization		(1,243)	(1,306)
Total costs and expenses		(20,613)	(21,519)
Restructuring and impairment charges	[1]	0	(69)
Other expense, net	[2]	0	(42)
Interest expense, net		(246)	(300)
Equity in the income of investees		181	191
Income before income taxes		2,871	1,773
Income taxes		(720)	(412)
Net income		2,151	1,361
Net income attributable to noncontrolling interests		240	82
Net income attributable to Disney		$ 1,911	$ 1,279
Earnings (Loss) Per Share [Abstract]
Diluted		$ 1.04	$ 0.70
Basic		$ 1.04	$ 0.70
Weighted average number of common and common equivalent shares outstanding:
Diluted (shares)		1,835	1,827
Basic (shares)		1,832	1,825
Service
Revenues		$ 20,975	$ 20,997
Cost of Goods and Services Sold		(13,922)	(14,781)
Product
Revenues		2,574	2,515
Cost of Goods and Services Sold		$ (1,665)	$ (1,605)
[1] See Note 16 for a discussion of amounts in restructuring and impairment charges. See Note 4 for a discussion of amounts in other expense, net.

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Millions	3 Months Ended
	Dec. 30, 2023	Dec. 31, 2022
Net income	$ 2,151	$ 1,361
Other Comprehensive Income/(Loss), Net of Tax:
Market value adjustments for hedges	(319)	(542)
Pension and postretirement medical plan adjustments	(21)	1
Foreign currency translation and other	174	227
Other comprehensive loss	(166)	(314)
Comprehensive income	1,985	1,047
Net income attributable to noncontrolling interests	(240)	(82)
Other comprehensive income attributable to noncontrolling interests	(44)	(45)
Comprehensive income attributable to Disney	$ 1,701	$ 920

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Dec. 30, 2023	Sep. 30, 2023
Current assets
Cash and Cash Equivalents	$ 7,192	$ 14,182
Receivables, net	14,115	12,330
Inventories	1,954	1,963
Content advances	1,409	3,002
Other current assets	1,301	1,286
Total current assets	25,971	32,763
Produced and licensed content costs	32,725	33,591
Investments	3,084	3,080
Attractions, buildings and equipment	72,096	70,090
Accumulated depreciation	(43,575)	(42,610)
Parks, resorts and other property before projects in progress and land, Total	28,521	27,480
Projects in progress	5,618	6,285
Land	1,182	1,176
Parks, resorts and other property	35,321	34,941
Intangible assets, net	12,639	13,061
Goodwill	77,066	77,067
Other assets	10,968	11,076
Total assets	197,774	205,579
Current liabilities
Accounts payable and other accrued liabilities	18,676	20,671
Current portion of borrowings	6,087	4,330
Deferred revenue and other	6,270	6,138
Total current liabilities	31,033	31,139
Borrowings	41,603	42,101
Deferred income taxes	7,041	7,258
Other long-term liabilities	12,596	12,069
Commitments and contingencies
Redeemable Noncontrolling Interests	0	9,055
Equity
Preferred stock	0	0
Common stock, $0.01 par value, Authorized – 4.6 billion shares, Issued – 1.9 billion shares at December 30, 2023 and 1.8 billion shares at September 30, 2023	57,640	57,383
Retained earnings	47,490	46,093
Accumulated other comprehensive loss	(3,502)	(3,292)
Treasury stock, at cost, 19 million shares	(907)	(907)
Total Disney Shareholders' equity	100,721	99,277
Noncontrolling interests	4,780	4,680
Total equity	105,501	103,957
Total liabilities and equity	$ 197,774	$ 205,579

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares shares in Millions	Dec. 30, 2023	Sep. 30, 2023
Common stock, par value	$ 0.01	$ 0.01
Common stock, authorized	4,600	4,600
Common stock, issued	1,900	1,800
Common Stock, Outstanding	1,900	1,800
Treasury Stock, Common, Shares	19	19

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Millions	3 Months Ended
	Dec. 30, 2023	Dec. 31, 2022
Net income	$ 2,151	$ 1,361
OPERATING ACTIVITIES
Depreciation and amortization	1,243	1,306
Deferred income taxes	(51)	(15)
Equity in the income of investees	(181)	(191)
Cash distributions received from equity investees	153	176
Net change in produced and licensed content costs and advances	2,642	558
Equity-based compensation	308	270
Other, net	(64)	(163)
Changes in operating assets and liabilities:
Receivables	(1,554)	(1,423)
Inventories	8	(88)
Other assets	30	(443)
Accounts payable and other liabilities	(1,396)	(2,378)
Income taxes	(1,104)	56
Net Cash Provided by (Used in) Operating Activities, Total	2,185	(974)
INVESTING ACTIVITIES
Investments in parks, resorts and other property	(1,299)	(1,181)
Other, net	53	(111)
Cash used in investing activities	(1,246)	(1,292)
FINANCING ACTIVITIES
Commercial paper borrowings, net	1,046	799
Borrowings	0	67
Reduction of borrowings	(309)	(1,000)
Contributions from / sale of noncontrolling interest	0	178
Acquisition of redeemable noncontrolling interest	(8,610)	(900)
Other, net	(133)	(187)
Cash used in financing activities	(8,006)	(1,043)
Impact of Exchange Rate on Cash, Cash Equivalents and Restricted Cash	79	164
Change in Cash, Cash Equivalents and Restricted Cash	(6,988)	(3,145)
Cash, Cash Equivalents and Restricted Cash, Beginning of Period	14,235	11,661
Cash, Cash Equivalents and Restricted Cash, End of Period	$ 7,247	$ 8,516

CONDENSED CONSOLIDATED STATEM_4

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	[2]	Total excluding redeemable noncontrolling interest
BEGINNING BALANCE (in shares) at Oct. 01, 2022	[1]		1,824
Beginning Balance at Oct. 01, 2022			$ 56,398		$ 43,636	$ (4,119)	$ (907)	$ 95,008	$ 3,871		$ 98,879
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Comprehensive income (loss)		$ 1,047			1,279	(359)		920	(16)		904
Equity compensation activity (in shares)			2
Equity compensation activity			$ 180					180			180
Contributions		$ 178							178		178
Distributions and other			$ 1		40			41	(47)		(6)
ENDING BALANCE (in shares) at Dec. 31, 2022	[1]		1,826
Ending Balance at Dec. 31, 2022			$ 56,579		44,955	(4,478)	(907)	96,149	3,986		100,135
BEGINNING BALANCE (in shares) at Sep. 30, 2023		1,800	1,830	[1]
Beginning Balance at Sep. 30, 2023		$ 103,957	$ 57,383		46,093	(3,292)	(907)	99,277	4,680		103,957
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Comprehensive income (loss)		1,985			1,911	(210)		1,701	129		1,830
Equity compensation activity (in shares)			4
Equity compensation activity			$ 250					250			250
Dividends					(549)			(549)			(549)
Contributions		$ 0
Distributions and other			$ 7		35			42	(29)		13
ENDING BALANCE (in shares) at Dec. 30, 2023		1,900	1,834	[1]
Ending Balance at Dec. 30, 2023		$ 105,501	$ 57,640		$ 47,490	$ (3,502)	$ (907)	$ 100,721	$ 4,780		$ 105,501
[1] Shares are net of treasury shares. Excludes redeemable noncontrolling interests.

Principles of Consolidation

Principles of Consolidation	3 Months Ended
	Dec. 30, 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 quarter ended December 30, 2023 are not necessarily indicative of the results that may be expected for the year ending September 28, 2024. 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 2023 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 Interest Hulu LLC In November 2023, NBC Universal (NBCU) exercised its right to require the Company to purchase NBCU’s 33% interest in Hulu LLC (Hulu), a direct-to-consumer (DTC) streaming service provider, at a redemption value based on NBCU’s equity ownership percentage of the greater of Hulu’s equity fair value or a guaranteed floor value of $27.5 billion. In connection with the redemption, the Company will pay NBCU 50% of the future tax benefits from the amortization of the purchase of NBCU’s interest in Hulu that will generally arise over a 15-year period. In December 2023, the Company paid NBCU $8.6 billion, which reflected the guaranteed floor value less NBCU’s unpaid capital call contributions. Based on valuation procedures agreed upon by NBCU and the Company, Hulu’s equity fair value for purposes of determining the redemption payment is not expected to be finalized until later in calendar 2024. If Hulu’s equity fair value is determined to be higher than the guaranteed floor value, the Company is required to pay NBCU its share of the difference between the equity fair value and the guaranteed floor value. The Company is required to accrete NBCU’s interest to the estimated redemption value and has accreted to the guaranteed floor value. If the redemption value is higher than the guaranteed floor value, we would record the increment as “Net income attributable to noncontrolling interests” and thus reduce “Net income attributable to Disney” in the Condensed Consolidated Statements of Income. Estimating the redemption value prior to its final determination requires management to make significant judgments related to assessing the fair value of Hulu. 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 attributable to noncontrolling interests” in the Condensed Consolidated Statements of Income. During the three months ended December 31, 2022, Hearst Corporation (Hearst) contributed $178 million to the domestic DTC sports business to fund its 20% share of the MLB buy-out. 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 2023 financial statements and notes to conform to the fiscal 2024 presentation.

Segment Information

Segment Information	3 Months Ended
	Dec. 30, 2023
Segment Information	Segment Information The Company’s operations are reported in three segments: Entertainment, Sports and Experiences, 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 amortization of intangible assets and the fair value step-up for film and television costs recognized in connection with the acquisition of TFCF Corporation (TFCF) and Hulu 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 December 30, December 31, Revenues: Entertainment Third parties $ 9,881 $ 10,584 Intersegment 100 91 9,981 10,675 Sports Third parties 4,536 4,383 Intersegment 299 257 4,835 4,640 Experiences 9,132 8,545 Eliminations (399) (348) Total segment revenues $ 23,549 $ 23,512 Segment operating income: Entertainment $ 874 $ 345 Sports (103) (164) Experiences 3,105 2,862 Total segment operating income (1) $ 3,876 $ 3,043 (1) Equity in the income of investees is included in segment operating income as follows: Quarter Ended December 30, December 31, Entertainment $ 171 $ 193 Sports 13 3 Experiences — (2) Equity in the income of investees included in segment operating income 184 194 Amortization of TFCF intangible assets related to equity investees (3) (3) Equity in the income of investees, net $ 181 $ 191 A reconciliation of segment operating income to income before income taxes is as follows: Quarter Ended December 30, December 31, Segment operating income $ 3,876 $ 3,043 Corporate and unallocated shared expenses (308) (280) Restructuring and impairment charges (1) — (69) Other expense, net (2) — (42) Interest expense, net (246) (300) TFCF and Hulu acquisition amortization (3) (451) (579) Income before income taxes $ 2,871 $ 1,773 (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 expense, net. (3) TFCF and Hulu acquisition amortization is as follows: Quarter Ended December 30, December 31, Amortization of intangible assets $ 380 $ 417 Step-up of film and television costs 68 159 Intangibles related to TFCF equity investees 3 3 $ 451 $ 579 Goodwill The changes in the carrying amount of goodwill are as follows: Entertainment Sports Experiences Total Balance at September 30, 2023 $ 55,031 $ 16,486 $ 5,550 $ 77,067 Currency translation adjustments and other, net (1) — — (1) Balance at December 30, 2023 $ 55,030 $ 16,486 $ 5,550 $ 77,066

Revenues

Revenues	3 Months Ended
	Dec. 30, 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 December 30, 2023 Entertainment Sports Experiences Eliminations Total Affiliate fees $ 1,766 $ 2,669 $ — $ (293) $ 4,142 Subscription fees 4,507 415 — — 4,922 Advertising 1,997 1,351 — — 3,348 Theme park admissions — — 2,982 — 2,982 Resort and vacations — — 2,118 — 2,118 Retail and wholesale sales of merchandise, food and beverage — — 2,477 — 2,477 Merchandise licensing 192 — 967 — 1,159 TV/VOD distribution licensing 536 57 — — 593 Theatrical distribution licensing 251 — — — 251 Home entertainment 209 — — — 209 Other 523 343 588 (106) 1,348 $ 9,981 $ 4,835 $ 9,132 $ (399) $ 23,549 Quarter Ended December 31, 2022 Entertainment Sports Experiences Eliminations Total Affiliate fees $ 1,873 $ 2,653 $ — $ (266) $ 4,260 Subscription fees 3,861 379 — — 4,240 Advertising 2,180 1,262 1 — 3,443 Theme park admissions — — 2,641 — 2,641 Resort and vacations — — 1,980 — 1,980 Retail and wholesale sales of merchandise, food and beverage — — 2,382 — 2,382 Merchandise licensing 191 — 952 — 1,143 TV/VOD distribution licensing 724 76 — — 800 Theatrical distribution licensing 1,140 — — — 1,140 Home entertainment 185 — — — 185 Other 521 270 589 (82) 1,298 $ 10,675 $ 4,640 $ 8,545 $ (348) $ 23,512 The following table presents our revenues by segment and primary geographical markets: Quarter Ended December 30, 2023 Entertainment Sports Experiences Eliminations Total Americas $ 7,588 $ 4,358 $ 7,037 $ (399) $ 18,584 Europe 1,409 179 1,022 — 2,610 Asia Pacific 984 298 1,073 — 2,355 Total revenues $ 9,981 $ 4,835 $ 9,132 $ (399) $ 23,549 Quarter Ended December 31, 2022 Entertainment Sports Experiences Eliminations Total Americas $ 8,150 $ 4,315 $ 6,854 $ (348) $ 18,971 Europe 1,499 126 1,015 — 2,640 Asia Pacific 1,026 199 676 — 1,901 Total revenues $ 10,675 $ 4,640 $ 8,545 $ (348) $ 23,512 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/VOD licenses for titles made available to the licensee in previous reporting periods. For the quarter ended December 30, 2023, $0.3 billion was recognized related to performance obligations satisfied as of September 30, 2023. For the quarter ended December 31, 2022, $0.3 billion was recognized related to performance obligations satisfied as of October 1, 2022. As of December 30, 2023, revenue for unsatisfied performance obligations expected to be recognized in the future is $14 billion, primarily for IP or advertising time to be made available in the future under existing agreements with merchandise and co-branding licensees and sponsors, television station affiliates, DTC wholesalers, advertisers and sports sublicensees. Of this amount, we expect to recognize approximately $5 billion in the remainder of fiscal 2024, $5 billion in fiscal 2025, $2 billion in fiscal 2026 and $2 billion thereafter. These amounts include only fixed consideration or minimum guarantees and do not include amounts related to (i) contracts with an original expected term of one year or less (such as most advertising contracts) or (ii) licenses of IP that are solely based on the sales of the licensee. When the timing of the Company’s revenue recognition is different from the timing of customer payments, the Company recognizes either a contract asset (customer payment is subsequent to revenue recognition and subject to the Company satisfying additional performance obligations) or deferred revenue (customer payment precedes the Company satisfying the performance obligations). Consideration due under contracts with payment in arrears is recognized as accounts receivable. Deferred revenues are recognized as (or when) the Company performs under the contract. The Company’s contract assets and activity for the current and prior-year periods were not material. Accounts receivable and deferred revenues from contracts with customers are as follows: December 30, September 30, Accounts receivable Current $ 11,810 $ 10,279 Non-current 1,191 1,212 Allowance for credit losses (156) (154) Deferred revenues Current 5,641 5,568 Non-current 952 977 For the quarter ended December 30, 2023, the Company recognized revenue of $3.4 billion that was included in the September 30, 2023 deferred revenue balance. For the quarter ended December 31, 2022, the Company recognized revenue of $3.4 billion that was included in the October 1, 2022 deferred revenue balance. Amounts deferred generally relate to theme park admissions and vacation packages, DTC subscriptions and advances related to merchandise and TV/VOD 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/VOD 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/VOD licensing receivables recorded in other non-current assets was $0.5 billion at December 30, 2023 and $0.6 billion at September 30, 2023. The balance of vacation club receivables recorded in other non-current assets was $0.7 billion at both December 30, 2023 and September 30, 2023. The allowance for credit losses for TV/VOD licensing and vacation club receivables and related activity for the periods ended December 30, 2023 and September 30, 2023 were not material.

Other Expense, Net

Other Expense, Net	3 Months Ended
	Dec. 30, 2023
Other Income and Expenses [Abstract]
Other Income and Other Expense Disclosure [Text Block]	Other Expense, net Other expense, net is as follows: Quarter Ended December 30, December 31, DraftKings loss $ — $ (70) Other — 28 Other expense, net $ — $ (42) In the prior-year quarter, the Company recognized a $70 million non-cash loss to adjust its investment in DraftKings, Inc. (DraftKings) to fair value.

Cash, Cash Equivalents, Restric

Cash, Cash Equivalents, Restricted Cash and Borrowings	3 Months Ended
	Dec. 30, 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. December 30, September 30, Cash and cash equivalents $ 7,192 $ 14,182 Restricted cash included in other assets 55 53 Total cash, cash equivalents and restricted cash in the statement of cash flows $ 7,247 $ 14,235 Borrowings During the quarter ended December 30, 2023, the Company’s borrowing activity was as follows: September 30, Borrowings Payments Other December 30, Commercial paper with original maturities less than three months $ 289 $ 542 $ — $ 5 $ 836 Commercial paper with original maturities greater than three months 1,187 754 (250) 16 1,707 U.S. dollar denominated notes 43,504 — (295) (39) 43,170 Asia Theme Parks borrowings 1,308 — (14) 50 1,344 Foreign currency denominated debt and other (1) 143 — — 490 633 $ 46,431 $ 1,296 $ (559) $ 522 $ 47,690 (1) The other activity is attributable to market value adjustments for debt with qualifying hedges. At December 30, 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 December 30, 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 December 30, 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 became available beginning in August 2023 and $1.1 billion is available beginning in August 2024. Each tranche of financing may be utilized within a period of 18 months from the initial availability date. If utilized, the interest rates will be fixed at 3.80% and 3.74%, respectively, and the loan and interest will be payable semi-annually over a 12-year period from the borrowing date. Early repayment is permitted subject to cancellation fees . Interest expense, net Interest expense (net of amounts capitalized), interest and investment income, and net periodic pension and postretirement benefit costs (other than service costs) (see Note 9) are reported net in the Condensed Consolidated Statements of Income and consist of the following: Quarter Ended December 30, December 31, Interest expense $ (528) $ (465) Interest and investment income 182 79 Net periodic pension and postretirement benefit costs (other than service costs) 100 86 Interest expense, net $ (246) $ (300) Interest and investment income includes gains and losses on certain publicly traded and non-public investments, investment impairments and interest earned on cash and cash equivalents and certain receivables.

International Theme Parks

International Theme Parks	3 Months Ended
	Dec. 30, 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: December 30, September 30, Cash and cash equivalents $ 426 $ 504 Other current assets 184 159 Total current assets 610 663 Parks, resorts and other property 6,212 6,150 Other assets 223 234 Total assets $ 7,045 $ 7,047 Current liabilities $ 710 $ 720 Long-term borrowings 1,344 1,308 Other long-term liabilities 398 392 Total liabilities $ 2,452 $ 2,420 The following table summarizes the International Theme Parks’ revenues and costs and expenses included in the Company’s Condensed Consolidated Statements of Income for the quarter ended December 30, 2023: Revenues $ 1,362 Costs and expenses (1,123) Asia Theme Parks’ royalty and management fees of $67 million for the quarter ended December 30, 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 quarter ended December 30, 2023 were $352 million provided by operating activities, $239 million used in investing activities and $12 million used in financing activities. Hong Kong Disneyland Resort The Government of the Hong Kong Special Administrative Region (HKSAR) and the Company have a 52% and a 48% equity interest in Hong Kong Disneyland Resort, respectively. The Company and HKSAR have provided loans to Hong Kong Disneyland Resort with outstanding balances of $166 million and $111 million, respectively. The interest rate on both loans is three month HIBOR plus 2%, and the scheduled 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 ($346 million), which bears interest at a rate of three month HIBOR plus 1.25% and matures in December 2028. The line of credit was fully repaid during the quarter ended December 30, 2023. 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 $978 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%. The line of credit was fully repaid during the quarter ended December 30, 2023. These balances are eliminated in consolidation. Shendi has provided Shanghai Disney Resort with loans totaling 8.8 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%. The line of credit was fully repaid during the quarter ended December 30, 2023.

Produced and Acquired_Licensed

Produced and Acquired/Licensed Content Costs and Advances	3 Months Ended
	Dec. 30, 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 December 30, 2023 As of September 30, 2023 Predominantly Monetized Individually Predominantly Monetized Total Predominantly Monetized Individually Predominantly Monetized Total Produced content Released, less amortization $ 4,911 $ 13,725 $ 18,636 $ 4,968 $ 13,555 $ 18,523 Completed, not released — 1,713 1,713 70 1,786 1,856 In-process 3,157 5,394 8,551 3,331 6,120 9,451 In development or pre-production 262 132 394 279 133 412 $ 8,330 $ 20,964 29,294 $ 8,648 $ 21,594 30,242 Licensed content - Television programming rights and advances 4,840 6,351 Total produced and licensed content $ 34,134 $ 36,593 Current portion $ 1,409 $ 3,002 Non-current portion $ 32,725 $ 33,591 Amortization of produced and licensed content is as follows: Quarter Ended December 30, December 31, Produced content Predominantly monetized individually $ 768 $ 1,157 Predominantly monetized as a group 1,794 2,160 2,562 3,317 Licensed programming rights and advances 4,590 4,539 Total produced and licensed content costs (1) $ 7,152 $ 7,856 (1) Primarily included in “Costs of services” in the Condensed Consolidated Statements of Income.

Income Taxes Income Tax

Income Taxes Income Tax	3 Months Ended
	Dec. 30, 2023
Income Tax Disclosure [Abstract]
Income Tax Disclosure	Income Taxes Unrecognized Tax Benefits The Company’s gross unrecognized tax benefits (before interest and penalties) at both December 30, 2023 and September 30, 2023, were $2.5 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 $0.3 billion.

Pension and Other Benefit Progr

Pension and Other Benefit Programs	3 Months Ended
	Dec. 30, 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 Quarter Ended December 30, December 31, December 30, December 31, Service costs $ 62 $ 65 $ — $ 1 Other costs (benefits): Interest costs 208 196 14 20 Expected return on plan assets (284) (288) (14) (15) Amortization of previously deferred service costs 2 2 (22) — Recognized net actuarial loss 5 5 (9) (6) Total other costs (benefits) (69) (85) (31) (1) Net periodic benefit cost (income) $ (7) $ (20) $ (31) $ — During the quarter ended December 30, 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 2024. Final minimum funding requirements for fiscal 2024 will be determined based on a January 1, 2024 funding actuarial valuation, which is expected to be received in the fourth quarter of fiscal 2024.

Earnings Per Share

Earnings Per Share	3 Months Ended
	Dec. 30, 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 December 30, December 31, Shares (in millions): Weighted average number of common and common equivalent shares outstanding (basic) 1,832 1,825 Weighted average dilutive impact of Awards 3 2 Weighted average number of common and common equivalent shares outstanding (diluted) 1,835 1,827 Awards excluded from diluted earnings per share 39 26

Equity

Equity	3 Months Ended
	Dec. 30, 2023
Equity [Abstract]
Equity	Equity On November 30, 2023, the Board of Directors declared a cash dividend of $0.30 per share ($549 million) with respect to the second half of fiscal 2023, which was paid in January 2024 to shareholders of record as of December 11, 2023. On February 7, 2024, the Board of Directors declared a cash dividend of $0.45 per share with respect to the first half of fiscal 2024, which will be paid on July 25, 2024 to shareholders of record as of July 8, 2024. Effective February 7, 2024, the Board of Directors authorized a new share repurchase program for the Company to repurchase a total of 400 million shares of its common stock. The Company plans to target repurchases of $3 billion in fiscal 2024. The repurchase program does not have an expiration date. The following tables summarize the changes in each component of accumulated other comprehensive income (loss) (AOCI) including our proportional share of equity method investee amounts: Market Value Adjustments for Hedges Unrecognized Foreign AOCI AOCI, before tax First quarter of fiscal 2024 Balance at September 30, 2023 $ 259 $ (2,172) $ (1,974) $ (3,887) Quarter Ended December 30, 2023: Unrealized gains (losses) arising during the period (277) (3) 137 (143) Reclassifications of realized net (gains) losses to net income (140) (24) — (164) Balance at December 30, 2023 $ (158) $ (2,199) $ (1,837) $ (4,194) First quarter of fiscal 2023 Balance at October 1, 2022 $ 804 $ (3,770) $ (2,014) $ (4,980) Quarter Ended December 31, 2022: Unrealized gains (losses) arising during the period (475) — 146 (329) Reclassifications of realized net (gains) losses to net income (218) 1 42 (175) Balance at December 31, 2022 $ 111 $ (3,769) $ (1,826) $ (5,484) Market Value Adjustments for Hedges Unrecognized Foreign AOCI Tax on AOCI First quarter of fiscal 2024 Balance at September 30, 2023 $ (64) $ 517 $ 142 $ 595 Quarter Ended December 30, 2023: Unrealized gains (losses) arising during the period 66 — (7) 59 Reclassifications of realized net (gains) losses to net income 32 6 — 38 Balance at December 30, 2023 $ 34 $ 523 $ 135 $ 692 First quarter of fiscal 2023 Balance at October 1, 2022 $ (179) $ 901 $ 139 $ 861 Quarter Ended December 31, 2022: Unrealized gains (losses) arising during the period 100 — 8 108 Reclassifications of realized net (gains) losses to net income 51 — (14) 37 Balance at December 31, 2022 $ (28) $ 901 $ 133 $ 1,006 Market Value Adjustments for Hedges Unrecognized Foreign AOCI AOCI, after tax First quarter of fiscal 2024 Balance at September 30, 2023 $ 195 $ (1,655) $ (1,832) $ (3,292) Quarter Ended December 30, 2023: Unrealized gains (losses) arising during the period (211) (3) 130 (84) Reclassifications of realized net (gains) losses to net income (108) (18) — (126) Balance at December 30, 2023 $ (124) $ (1,676) $ (1,702) $ (3,502) First quarter of fiscal 2023 Balance at October 1, 2022 $ 625 $ (2,869) $ (1,875) $ (4,119) Quarter Ended December 31, 2022: Unrealized gains (losses) arising during the period (375) — 154 (221) Reclassifications of realized net (gains) losses to net income (167) 1 28 (138) Balance at December 31, 2022 $ 83 $ (2,868) $ (1,693) $ (4,478) Details about AOCI components reclassified to net income are as follows: Gain (loss) in net income: Affected line item in the Condensed Consolidated Statements of Operations: Quarter Ended December 30, December 31, Market value adjustments, primarily cash flow hedges Primarily revenue $ 140 $ 218 Estimated tax Income taxes (32) (51) 108 167 Pension and postretirement medical expense Interest expense, net 24 (1) Estimated tax Income taxes (6) — 18 (1) Foreign currency translation and other Restructuring and impairment charges — (42) Estimated tax Income taxes — 14 — (28) Total reclassifications for the period $ 126 $ 138

Equity-Based Compensation

Equity-Based Compensation	3 Months Ended
	Dec. 30, 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 December 30, December 31, Stock options $ 17 $ 19 RSUs 291 251 Total equity-based compensation expense (1) $ 308 $ 270 Equity-based compensation expense capitalized during the period $ 44 $ 36 (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 $137 million and $2.8 billion, respectively, as of December 30, 2023. During the quarters ended December 30, 2023 and December 31, 2022, the weighted average grant date fair values for options granted were $32.06 and $34.71, respectively, and for RSUs were $93.87 and $91.89, respectively. During the quarter ended December 30, 2023, the Company made equity compensation grants consisting of 2.7 million stock options and 15.7 million RSUs.

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Dec. 30, 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”). On November 6, 2023, a consolidated complaint was filed in the same action, adding Robert Iger, the Company’s Chief Executive Officer, as a defendant. 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, (ii) violations of Section 20A of the Exchange Act against Iger and McCarthy, and (iii) violations of Section 20(a) of the Exchange Act against all 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 and filed a motion to dismiss the complaint for failure to state a claim on December 21, 2023. Plaintiffs filed their opposition on February 5, 2024, and the Company may file a reply brief by March 5, 2024. The lawsuit is in the early stages and at this time we cannot reasonably estimate the amount of any potential loss. Three shareholder derivative complaints have been filed. The first, in which Hugues Gervat is the plaintiff, was filed on August 4, 2023, in the U.S. District Court for the Central District of California. The second, in which Stourbridge Investments LLC is the plaintiff, was filed on August 23, 2023 in the U.S. District Court for the District of Delaware. And the third, in which Audrey McAdams is the Plaintiff, was filed on December 15, 2023, in the U.S. District Court for the Central District of California. Each named The Walt Disney Company as a nominal defendant and alleged claims on its behalf against the Company’s 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, plaintiffs in both actions sought to recover for alleged breach of fiduciary duty, unjust enrichment, abuse of control, gross mismanagement and waste. On October 24, 2023, the Stourbridge action was voluntarily dismissed and, on November 16, 2023, was refiled in Delaware state court alleging analogous theories of liability based on state law. On October 30, 2023, the Gervat action was stayed pending a ruling on the motion to dismiss filed in the Securities Class Action. The Stourbridge action was likewise stayed under an order entered December 12, 2023. The Company intends to defend against these lawsuits vigorously. The lawsuits are 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	3 Months Ended
	Dec. 30, 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 December 30, 2023 Level 1 Level 2 Level 3 Total Assets Investments $ — $ 145 $ — $ 145 Derivatives Foreign exchange — 668 — 668 Other — 18 — 18 Liabilities Derivatives Interest rate — (1,459) — (1,459) Foreign exchange — (565) — (565) Other — (4) — (4) Other — (539) — (539) Total recorded at fair value $ — $ (1,736) $ — $ (1,736) Fair value of borrowings $ — $ 44,075 $ 1,370 $ 45,445 Fair Value Measurement at September 30, 2023 Level 1 Level 2 Level 3 Total Assets Investments $ 46 $ 128 $ — $ 174 Derivatives Foreign exchange — 1,336 — 1,336 Other — 18 — 18 Liabilities Derivatives Interest rate — (1,791) — (1,791) Foreign exchange — (815) — (815) Other — (13) — (13) Other — (465) — (465) Total recorded at fair value $ 46 $ (1,602) $ — $ (1,556) Fair value of borrowings $ — $ 40,123 $ 1,333 $ 41,456 The fair value of Level 2 investments are primarily determined based on an internal valuation model that uses observable inputs such as stock trading price, volatility and risk free rate. 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	3 Months Ended
	Dec. 30, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Instruments	Derivative Instruments The Company manages its exposure to various risks relating to its ongoing business operations according to a risk management policy. The primary risks managed with derivative instruments are interest rate risk and foreign exchange risk. The Company’s derivative positions measured at fair value are summarized in the following tables: As of December 30, 2023 Current Investments/Other Assets Other Current Liabilities Other Long- Derivatives designated as hedges Foreign exchange $ 399 $ 206 $ (155) $ (100) Interest rate — — (1,459) — Other 1 1 (3) (1) Derivatives not designated as hedges Foreign exchange 59 4 (245) (65) Other 16 145 — — Gross fair value of derivatives 475 356 (1,862) (166) Counterparty netting (372) (195) 463 104 Cash collateral (received) paid (13) — 1,106 — Net derivative positions $ 90 $ 161 $ (293) $ (62) As of September 30, 2023 Current Investments/Other Assets Other Current Liabilities Other Long- Derivatives designated as hedges Foreign exchange $ 595 $ 338 $ (123) $ (93) Interest rate — — (1,791) — Other 12 6 — — Derivatives not designated as hedges Foreign exchange 384 19 (520) (79) Other — 128 (13) — Gross fair value of derivatives 991 491 (2,447) (172) Counterparty netting (770) (262) 900 132 Cash collateral (received) paid (123) (7) 1,257 — Net derivative positions $ 98 $ 222 $ (290) $ (40) 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 both December 30, 2023 and September 30, 2023 was $13.5 billion. The following table summarizes fair value hedge adjustments to hedged borrowings: Carrying Amount of Hedged Borrowings Fair Value Adjustments Included December 30, September 30, December 30, September 30, Borrowings: Current $ 2,381 $ 1,439 $ (60) $ (59) Long-term 10,296 10,748 (1,253) (1,694) $ 12,677 $ 12,187 $ (1,313) $ (1,753) The following amounts are included in “Interest expense, net” in the Condensed Consolidated Statements of Income: Quarter Ended December 30, December 31, Gain (loss) on: Pay-floating swaps $ 432 $ 71 Borrowings hedged with pay-floating swaps (432) (71) Benefit (expense) associated with interest accruals on pay-floating swaps (154) (95) The Company may designate pay-fixed interest rate swaps as cash flow hedges of interest payments on floating-rate borrowings. Pay-fixed interest rate swaps effectively convert floating-rate borrowings to fixed-rate borrowings. The unrealized gains or losses from these cash flow hedges are deferred in AOCI and recognized in interest expense as the interest payments occur. The Company did not have pay-fixed interest rate swaps that were designated as cash flow hedges of interest payments at December 30, 2023 or at September 30, 2023, and gains and losses related to pay-fixed interest rate swaps recognized in earnings for the quarters ended December 30, 2023 and December 31, 2022 were not material. Foreign Exchange Risk Management The Company transacts business globally and is subject to risks associated with foreign currency exchange rates. The Company’s objective is to reduce earnings and cash flow fluctuations associated with changes in foreign currency exchange rates, enabling management to focus on core business operations. The Company enters into option and forward contracts 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, Canadian dollar, Japanese yen, British pound and Chinese yuan. Cross-currency swaps are used to effectively convert foreign currency denominated borrowings into U.S. dollar denominated borrowings. The Company designates foreign exchange forward and option contracts as cash flow hedges of firmly committed and forecasted foreign currency transactions. As of December 30, 2023 and September 30, 2023, the notional amounts of the Company’s net foreign exchange cash flow hedges were $9.5 billion and $8.3 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 $230 million. The following table summarizes the effect of foreign exchange cash flow hedges on AOCI: Quarter Ended December 30, December 31, Gain (loss) recognized in Other Comprehensive Income $ (264) $ (502) Gain (loss) reclassified from AOCI into the Statements of Operations (1) 141 222 (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 both December 30, 2023 and September 30, 2023, the total notional amount of the Company’s designated cross currency swaps was Canadian $1.3 billion ($1.0 billion). The related gains or losses recognized in earnings were not material for the quarters ended December 30, 2023 and December 31, 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 December 30, 2023 and September 30, 2023 were $2.9 billion and $3.1 billion, respectively. The following table summarizes the net foreign exchange gains or losses recognized on foreign currency denominated assets and liabilities and the net foreign exchange gains or losses on the foreign exchange contracts we entered into to mitigate our exposure with respect to foreign currency denominated assets and liabilities by the corresponding line item in which they are recorded in the Condensed Consolidated Statements of Income: Costs and Expenses Interest expense, net Income Tax Expense Quarter Ended: December 30, December 31, December 30, December 31, December 30, December 31, Net gains (losses) on foreign currency denominated assets and liabilities $ 35 $ 145 $ (23) $ (18) $ (46) $ (88) Net gains (losses) on foreign exchange risk management contracts not designated as hedges (126) (213) 21 18 42 70 Net gains (losses) $ (91) $ (68) $ (2) $ — $ (4) $ (18) Commodity Price Risk Management The Company is subject to the volatility of commodities prices and the Company designates certain commodity forward contracts as cash flow hedges of forecasted commodity purchases. Mark-to-market gains and losses on these contracts are deferred in AOCI and are recognized in earnings when the hedged transactions occur, offsetting changes in the value of commodity purchases. The notional amount of these commodities contracts at December 30, 2023 and September 30, 2023 and related gains or losses recognized in earnings for the quarters ended December 30, 2023 and December 31, 2022 were not material. Risk Management – Other Derivatives Not Designated as Hedges The Company enters into certain other risk management contracts that are not designated as hedges and do not qualify for hedge accounting. These contracts, which include certain total return swap contracts, are intended to offset economic exposures of the Company and are carried at market value with any changes in value recorded in earnings. The notional amounts of these contracts at December 30, 2023 and September 30, 2023 were $0.5 billion and $0.4 billion, respectively. The related gains or losses recognized in earnings were not material for the quarters ended December 30, 2023 and December 31, 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 $1.5 billion and $1.6 billion at December 30, 2023 and September 30, 2023, respectively.

Restructuring and Impairment Ch

Restructuring and Impairment Charges	3 Months Ended
	Dec. 30, 2023
Restructuring and Related Activities [Abstract]
Restructuring and Related Activities Disclosure	Restructuring and Impairment Charges In the prior-year quarter ended December 31, 2022, the Company recognized restructuring charges of $69 million related to exiting our businesses in Russia. These charges are recorded in “Restructuring and impairment charges” in the Condensed Consolidated Statements of Income.

New Accounting Pronouncements

New Accounting Pronouncements	3 Months Ended
	Dec. 30, 2023
Accounting Standards Update and Change in Accounting Principle [Abstract]
New Accounting Pronouncements	New Accounting Pronouncements Improvements to Reportable Segments Disclosures In November 2023, the FASB issued guidance that enhances reportable segment disclosures by requiring the disclosure of significant expenses that are regularly provided to the chief operating decision maker (CODM) and included in the segment’s measure of profit or loss. It also requires an explanation of how the CODM uses the segment’s measure of profit or loss to assess segment performance and allocate resources. The guidance is effective for the Company beginning in fiscal year 2025 for annual periods and beginning in fiscal year 2026 for interim periods and requires retrospective adoption (with early adoption permitted). The Company is currently assessing the impacts of the new guidance on its financial statement disclosures. Improvements to Income Tax Disclosures In December 2023, the FASB issued guidance that enhances income tax disclosures. The new guidance requires an expanded rate reconciliation and the disaggregation of cash taxes paid by U.S. federal, U.S. state and foreign jurisdictions and eliminates certain disclosures related to uncertain tax benefits. The guidance is effective for annual periods beginning with the Company’s 2026 fiscal year (with early adoption permitted). The Company is currently assessing the impacts of the new guidance on its financial statement disclosures.

Segment Information (Tables)

Segment Information (Tables)	3 Months Ended
	Dec. 30, 2023
Financial Information by Operating Segments	Segment revenues and segment operating income are as follows: Quarter Ended December 30, December 31, Revenues: Entertainment Third parties $ 9,881 $ 10,584 Intersegment 100 91 9,981 10,675 Sports Third parties 4,536 4,383 Intersegment 299 257 4,835 4,640 Experiences 9,132 8,545 Eliminations (399) (348) Total segment revenues $ 23,549 $ 23,512 Segment operating income: Entertainment $ 874 $ 345 Sports (103) (164) Experiences 3,105 2,862 Total segment operating income (1) $ 3,876 $ 3,043 (1) Equity in the income of investees is included in segment operating income as follows: Quarter Ended December 30, December 31, Entertainment $ 171 $ 193 Sports 13 3 Experiences — (2) Equity in the income of investees included in segment operating income 184 194 Amortization of TFCF intangible assets related to equity investees (3) (3) Equity in the income of investees, net $ 181 $ 191
Equity In Income of Investees By Segment	Equity in the income of investees is included in segment operating income as follows: Quarter Ended December 30, December 31, Entertainment $ 171 $ 193 Sports 13 3 Experiences — (2) Equity in the income of investees included in segment operating income 184 194 Amortization of TFCF intangible assets related to equity investees (3) (3) Equity in the income of investees, net $ 181 $ 191
Reconciliation of Segment Operating Income to Income before Income Taxes	A reconciliation of segment operating income to income before income taxes is as follows: Quarter Ended December 30, December 31, Segment operating income $ 3,876 $ 3,043 Corporate and unallocated shared expenses (308) (280) Restructuring and impairment charges (1) — (69) Other expense, net (2) — (42) Interest expense, net (246) (300) TFCF and Hulu acquisition amortization (3) (451) (579) Income before income taxes $ 2,871 $ 1,773 (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 expense, net. (3) TFCF and Hulu acquisition amortization is as follows: Quarter Ended December 30, December 31, Amortization of intangible assets $ 380 $ 417 Step-up of film and television costs 68 159 Intangibles related to TFCF equity investees 3 3 $ 451 $ 579
Components of TFCF and Hulu Acquisition Amortization	TFCF and Hulu acquisition amortization is as follows: Quarter Ended December 30, December 31, Amortization of intangible assets $ 380 $ 417 Step-up of film and television costs 68 159 Intangibles related to TFCF equity investees 3 3 $ 451 $ 579
Schedule of Goodwill	The changes in the carrying amount of goodwill are as follows: Entertainment Sports Experiences Total Balance at September 30, 2023 $ 55,031 $ 16,486 $ 5,550 $ 77,067 Currency translation adjustments and other, net (1) — — (1) Balance at December 30, 2023 $ 55,030 $ 16,486 $ 5,550 $ 77,066

Revenues (Tables)

Revenues (Tables)	3 Months Ended
	Dec. 30, 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 December 30, 2023 Entertainment Sports Experiences Eliminations Total Affiliate fees $ 1,766 $ 2,669 $ — $ (293) $ 4,142 Subscription fees 4,507 415 — — 4,922 Advertising 1,997 1,351 — — 3,348 Theme park admissions — — 2,982 — 2,982 Resort and vacations — — 2,118 — 2,118 Retail and wholesale sales of merchandise, food and beverage — — 2,477 — 2,477 Merchandise licensing 192 — 967 — 1,159 TV/VOD distribution licensing 536 57 — — 593 Theatrical distribution licensing 251 — — — 251 Home entertainment 209 — — — 209 Other 523 343 588 (106) 1,348 $ 9,981 $ 4,835 $ 9,132 $ (399) $ 23,549 Quarter Ended December 31, 2022 Entertainment Sports Experiences Eliminations Total Affiliate fees $ 1,873 $ 2,653 $ — $ (266) $ 4,260 Subscription fees 3,861 379 — — 4,240 Advertising 2,180 1,262 1 — 3,443 Theme park admissions — — 2,641 — 2,641 Resort and vacations — — 1,980 — 1,980 Retail and wholesale sales of merchandise, food and beverage — — 2,382 — 2,382 Merchandise licensing 191 — 952 — 1,143 TV/VOD distribution licensing 724 76 — — 800 Theatrical distribution licensing 1,140 — — — 1,140 Home entertainment 185 — — — 185 Other 521 270 589 (82) 1,298 $ 10,675 $ 4,640 $ 8,545 $ (348) $ 23,512
Disaggregation of Revenue by Geographical Markets	The following table presents our revenues by segment and primary geographical markets: Quarter Ended December 30, 2023 Entertainment Sports Experiences Eliminations Total Americas $ 7,588 $ 4,358 $ 7,037 $ (399) $ 18,584 Europe 1,409 179 1,022 — 2,610 Asia Pacific 984 298 1,073 — 2,355 Total revenues $ 9,981 $ 4,835 $ 9,132 $ (399) $ 23,549 Quarter Ended December 31, 2022 Entertainment Sports Experiences Eliminations Total Americas $ 8,150 $ 4,315 $ 6,854 $ (348) $ 18,971 Europe 1,499 126 1,015 — 2,640 Asia Pacific 1,026 199 676 — 1,901 Total revenues $ 10,675 $ 4,640 $ 8,545 $ (348) $ 23,512
Contract with Customer, Asset and Liability	Accounts receivable and deferred revenues from contracts with customers are as follows: December 30, September 30, Accounts receivable Current $ 11,810 $ 10,279 Non-current 1,191 1,212 Allowance for credit losses (156) (154) Deferred revenues Current 5,641 5,568 Non-current 952 977

Other Expense, Net (Tables)

Other Expense, Net (Tables)	3 Months Ended
	Dec. 30, 2023
Other Income and Expenses [Abstract]
Other Nonoperating Income and Expense	Other expense, net is as follows: Quarter Ended December 30, December 31, DraftKings loss $ — $ (70) Other — 28 Other expense, net $ — $ (42)

Cash, Cash Equivalents, Restr_2

Cash, Cash Equivalents, Restricted Cash and Borrowings (Tables)	3 Months Ended
	Dec. 30, 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. December 30, September 30, Cash and cash equivalents $ 7,192 $ 14,182 Restricted cash included in other assets 55 53 Total cash, cash equivalents and restricted cash in the statement of cash flows $ 7,247 $ 14,235
Borrowing Activity	During the quarter ended December 30, 2023, the Company’s borrowing activity was as follows: September 30, Borrowings Payments Other December 30, Commercial paper with original maturities less than three months $ 289 $ 542 $ — $ 5 $ 836 Commercial paper with original maturities greater than three months 1,187 754 (250) 16 1,707 U.S. dollar denominated notes 43,504 — (295) (39) 43,170 Asia Theme Parks borrowings 1,308 — (14) 50 1,344 Foreign currency denominated debt and other (1) 143 — — 490 633 $ 46,431 $ 1,296 $ (559) $ 522 $ 47,690 (1) The other activity is attributable to market value adjustments for debt with qualifying hedges.
Line of Credit Facilities	At December 30, 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 Income and consist of the following: Quarter Ended December 30, December 31, Interest expense $ (528) $ (465) Interest and investment income 182 79 Net periodic pension and postretirement benefit costs (other than service costs) 100 86 Interest expense, net $ (246) $ (300)

International Theme Parks (Tabl

International Theme Parks (Tables)	3 Months Ended
	Dec. 30, 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: December 30, September 30, Cash and cash equivalents $ 426 $ 504 Other current assets 184 159 Total current assets 610 663 Parks, resorts and other property 6,212 6,150 Other assets 223 234 Total assets $ 7,045 $ 7,047 Current liabilities $ 710 $ 720 Long-term borrowings 1,344 1,308 Other long-term liabilities 398 392 Total liabilities $ 2,452 $ 2,420
Consolidating Income Statements
Impact of Consolidating Financial Statements of International Theme Parks	The following table summarizes the International Theme Parks’ revenues and costs and expenses included in the Company’s Condensed Consolidated Statements of Income for the quarter ended December 30, 2023: Revenues $ 1,362 Costs and expenses (1,123)

Produced and Acquired_License_2

Produced and Acquired/Licensed Content Costs and Advances (Tables)	3 Months Ended
	Dec. 30, 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 December 30, 2023 As of September 30, 2023 Predominantly Monetized Individually Predominantly Monetized Total Predominantly Monetized Individually Predominantly Monetized Total Produced content Released, less amortization $ 4,911 $ 13,725 $ 18,636 $ 4,968 $ 13,555 $ 18,523 Completed, not released — 1,713 1,713 70 1,786 1,856 In-process 3,157 5,394 8,551 3,331 6,120 9,451 In development or pre-production 262 132 394 279 133 412 $ 8,330 $ 20,964 29,294 $ 8,648 $ 21,594 30,242 Licensed content - Television programming rights and advances 4,840 6,351 Total produced and licensed content $ 34,134 $ 36,593 Current portion $ 1,409 $ 3,002 Non-current portion $ 32,725 $ 33,591
Amortization of Produced and Licensed Content Costs	Amortization of produced and licensed content is as follows: Quarter Ended December 30, December 31, Produced content Predominantly monetized individually $ 768 $ 1,157 Predominantly monetized as a group 1,794 2,160 2,562 3,317 Licensed programming rights and advances 4,590 4,539 Total produced and licensed content costs (1) $ 7,152 $ 7,856 (1) Primarily included in “Costs of services” in the Condensed Consolidated Statements of Income.

Pension and Other Benefit Pro_2

Pension and Other Benefit Programs (Tables)	3 Months Ended
	Dec. 30, 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 Quarter Ended December 30, December 31, December 30, December 31, Service costs $ 62 $ 65 $ — $ 1 Other costs (benefits): Interest costs 208 196 14 20 Expected return on plan assets (284) (288) (14) (15) Amortization of previously deferred service costs 2 2 (22) — Recognized net actuarial loss 5 5 (9) (6) Total other costs (benefits) (69) (85) (31) (1) Net periodic benefit cost (income) $ (7) $ (20) $ (31) $ —

Earnings Per Share (Tables)

Earnings Per Share (Tables)	3 Months Ended
	Dec. 30, 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 December 30, December 31, Shares (in millions): Weighted average number of common and common equivalent shares outstanding (basic) 1,832 1,825 Weighted average dilutive impact of Awards 3 2 Weighted average number of common and common equivalent shares outstanding (diluted) 1,835 1,827 Awards excluded from diluted earnings per share 39 26

Equity (Tables)

Equity (Tables)	3 Months Ended
	Dec. 30, 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 First quarter of fiscal 2024 Balance at September 30, 2023 $ 259 $ (2,172) $ (1,974) $ (3,887) Quarter Ended December 30, 2023: Unrealized gains (losses) arising during the period (277) (3) 137 (143) Reclassifications of realized net (gains) losses to net income (140) (24) — (164) Balance at December 30, 2023 $ (158) $ (2,199) $ (1,837) $ (4,194) First quarter of fiscal 2023 Balance at October 1, 2022 $ 804 $ (3,770) $ (2,014) $ (4,980) Quarter Ended December 31, 2022: Unrealized gains (losses) arising during the period (475) — 146 (329) Reclassifications of realized net (gains) losses to net income (218) 1 42 (175) Balance at December 31, 2022 $ 111 $ (3,769) $ (1,826) $ (5,484) Market Value Adjustments for Hedges Unrecognized Foreign AOCI Tax on AOCI First quarter of fiscal 2024 Balance at September 30, 2023 $ (64) $ 517 $ 142 $ 595 Quarter Ended December 30, 2023: Unrealized gains (losses) arising during the period 66 — (7) 59 Reclassifications of realized net (gains) losses to net income 32 6 — 38 Balance at December 30, 2023 $ 34 $ 523 $ 135 $ 692 First quarter of fiscal 2023 Balance at October 1, 2022 $ (179) $ 901 $ 139 $ 861 Quarter Ended December 31, 2022: Unrealized gains (losses) arising during the period 100 — 8 108 Reclassifications of realized net (gains) losses to net income 51 — (14) 37 Balance at December 31, 2022 $ (28) $ 901 $ 133 $ 1,006 Market Value Adjustments for Hedges Unrecognized Foreign AOCI AOCI, after tax First quarter of fiscal 2024 Balance at September 30, 2023 $ 195 $ (1,655) $ (1,832) $ (3,292) Quarter Ended December 30, 2023: Unrealized gains (losses) arising during the period (211) (3) 130 (84) Reclassifications of realized net (gains) losses to net income (108) (18) — (126) Balance at December 30, 2023 $ (124) $ (1,676) $ (1,702) $ (3,502) First quarter of fiscal 2023 Balance at October 1, 2022 $ 625 $ (2,869) $ (1,875) $ (4,119) Quarter Ended December 31, 2022: Unrealized gains (losses) arising during the period (375) — 154 (221) Reclassifications of realized net (gains) losses to net income (167) 1 28 (138) Balance at December 31, 2022 $ 83 $ (2,868) $ (1,693) $ (4,478)
Details about AOCI Components Reclassified to Net Income	Details about AOCI components reclassified to net income are as follows: Gain (loss) in net income: Affected line item in the Condensed Consolidated Statements of Operations: Quarter Ended December 30, December 31, Market value adjustments, primarily cash flow hedges Primarily revenue $ 140 $ 218 Estimated tax Income taxes (32) (51) 108 167 Pension and postretirement medical expense Interest expense, net 24 (1) Estimated tax Income taxes (6) — 18 (1) Foreign currency translation and other Restructuring and impairment charges — (42) Estimated tax Income taxes — 14 — (28) Total reclassifications for the period $ 126 $ 138

Equity-Based Compensation (Tabl

Equity-Based Compensation (Tables)	3 Months Ended
	Dec. 30, 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 December 30, December 31, Stock options $ 17 $ 19 RSUs 291 251 Total equity-based compensation expense (1) $ 308 $ 270 Equity-based compensation expense capitalized during the period $ 44 $ 36 (1) Equity-based compensation expense is net of capitalized equity-based compensation and estimated forfeitures and excludes amortization of previously capitalized equity-based compensation costs.

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	3 Months Ended
	Dec. 30, 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 December 30, 2023 Level 1 Level 2 Level 3 Total Assets Investments $ — $ 145 $ — $ 145 Derivatives Foreign exchange — 668 — 668 Other — 18 — 18 Liabilities Derivatives Interest rate — (1,459) — (1,459) Foreign exchange — (565) — (565) Other — (4) — (4) Other — (539) — (539) Total recorded at fair value $ — $ (1,736) $ — $ (1,736) Fair value of borrowings $ — $ 44,075 $ 1,370 $ 45,445 Fair Value Measurement at September 30, 2023 Level 1 Level 2 Level 3 Total Assets Investments $ 46 $ 128 $ — $ 174 Derivatives Foreign exchange — 1,336 — 1,336 Other — 18 — 18 Liabilities Derivatives Interest rate — (1,791) — (1,791) Foreign exchange — (815) — (815) Other — (13) — (13) Other — (465) — (465) Total recorded at fair value $ 46 $ (1,602) $ — $ (1,556) Fair value of borrowings $ — $ 40,123 $ 1,333 $ 41,456

Derivative Instruments (Tables)

Derivative Instruments (Tables)	3 Months Ended
	Dec. 30, 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 December 30, 2023 Current Investments/Other Assets Other Current Liabilities Other Long- Derivatives designated as hedges Foreign exchange $ 399 $ 206 $ (155) $ (100) Interest rate — — (1,459) — Other 1 1 (3) (1) Derivatives not designated as hedges Foreign exchange 59 4 (245) (65) Other 16 145 — — Gross fair value of derivatives 475 356 (1,862) (166) Counterparty netting (372) (195) 463 104 Cash collateral (received) paid (13) — 1,106 — Net derivative positions $ 90 $ 161 $ (293) $ (62) As of September 30, 2023 Current Investments/Other Assets Other Current Liabilities Other Long- Derivatives designated as hedges Foreign exchange $ 595 $ 338 $ (123) $ (93) Interest rate — — (1,791) — Other 12 6 — — Derivatives not designated as hedges Foreign exchange 384 19 (520) (79) Other — 128 (13) — Gross fair value of derivatives 991 491 (2,447) (172) Counterparty netting (770) (262) 900 132 Cash collateral (received) paid (123) (7) 1,257 — Net derivative positions $ 98 $ 222 $ (290) $ (40)
Carrying Amount and Cumulative Basis Adjustments for Fair Value Hedges Recorded on the Balance Sheet	The following table summarizes fair value hedge adjustments to hedged borrowings: Carrying Amount of Hedged Borrowings Fair Value Adjustments Included December 30, September 30, December 30, September 30, Borrowings: Current $ 2,381 $ 1,439 $ (60) $ (59) Long-term 10,296 10,748 (1,253) (1,694) $ 12,677 $ 12,187 $ (1,313) $ (1,753)
Adjustments Related to Fair Value Hedges Included in Interest Expense, net in the Consolidated Statements of Income	The following amounts are included in “Interest expense, net” in the Condensed Consolidated Statements of Income: Quarter Ended December 30, December 31, Gain (loss) on: Pay-floating swaps $ 432 $ 71 Borrowings hedged with pay-floating swaps (432) (71) Benefit (expense) associated with interest accruals on pay-floating swaps (154) (95)
Effect of Foreign Exchange Cash Flow Hedges on AOCI	The following table summarizes the effect of foreign exchange cash flow hedges on AOCI: Quarter Ended December 30, December 31, Gain (loss) recognized in Other Comprehensive Income $ (264) $ (502) Gain (loss) reclassified from AOCI into the Statements of Operations (1) 141 222 (1) Primarily recorded in revenue.
Net Gains or Losses Recognized in Costs and Expenses on Economic Exposures Associated with Foreign Currency Exchange Rates	The following table summarizes the net foreign exchange gains or losses recognized on foreign currency denominated assets and liabilities and the net foreign exchange gains or losses on the foreign exchange contracts we entered into to mitigate our exposure with respect to foreign currency denominated assets and liabilities by the corresponding line item in which they are recorded in the Condensed Consolidated Statements of Income: Costs and Expenses Interest expense, net Income Tax Expense Quarter Ended: December 30, December 31, December 30, December 31, December 30, December 31, Net gains (losses) on foreign currency denominated assets and liabilities $ 35 $ 145 $ (23) $ (18) $ (46) $ (88) Net gains (losses) on foreign exchange risk management contracts not designated as hedges (126) (213) 21 18 42 70 Net gains (losses) $ (91) $ (68) $ (2) $ — $ (4) $ (18)

Principles of Consolidation Pri

Principles of Consolidation Principles of Consolidation - Additional Information (Details) - USD ($) $ in Millions			3 Months Ended
	Dec. 31, 2023	Nov. 30, 2022	Dec. 31, 2022	Nov. 30, 2023	Oct. 01, 2022
Hearst Corporation | Domestic DTC Sports Business
Schedule of Equity Method Investments
Noncontrolling Interest, Ownership Percentage by Noncontrolling Owners			20%
Contribution to Subsidiary, Noncontrolling Owner			$ 178
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
Noncontrolling Interest, Decrease from Redemptions or Purchase of Interests	$ 8,600
Percentage of Tax Benefit Shared Arising from Noncontrolling Interest Acquisition				50%
Tax Benefit Amortization Period Arising from Noncontrolling Interest Acquisition				15 years
BAMTech, LLC | MLB
Schedule of Equity Method Investments
Equity Method Investment, Ownership Percentage		15%
Redeemable Noncontrolling Interest, Equity, Redemption Value		$ 900			$ 828
Net Income (Loss) Attributable to Redeemable Noncontrolling Interest		$ 72

Financial Information by Operat

Financial Information by Operating Segments (Details) - USD ($) $ in Millions		3 Months Ended
		Dec. 30, 2023	Dec. 31, 2022
Segment Reporting Information
Revenues		$ 23,549	$ 23,512
Segment operating income	[1]	3,876	3,043
Total Segments
Segment Reporting Information
Revenues		23,549	23,512
Entertainment Segment
Segment Reporting Information
Revenues		9,981	10,675
Segment operating income		874	345
Entertainment Segment | Entertainment Third Party
Segment Reporting Information
Revenues		9,881	10,584
Entertainment Segment | Intersegment Eliminations
Segment Reporting Information
Revenues		100	91
Sports Segment
Segment Reporting Information
Revenues		4,835	4,640
Segment operating income		(103)	(164)
Sports Segment | Sports Third Party
Segment Reporting Information
Revenues		4,536	4,383
Sports Segment | Intersegment Eliminations
Segment Reporting Information
Revenues		299	257
Experiences Segment
Segment Reporting Information
Revenues		9,132	8,545
Segment operating income		3,105	2,862
Segment Eliminations
Segment Reporting Information
Revenues		$ (399)	$ (348)
[1] Equity in the income of investees is included in segment operating income as follows: Quarter Ended December 30, December 31, Entertainment $ 171 $ 193 Sports 13 3 Experiences — (2) Equity in the income of investees included in segment operating income 184 194 Amortization of TFCF intangible assets related to equity investees (3) (3) Equity in the income of investees, net $ 181 $ 191

Equity in the Income of Investe

Equity in the Income of Investees included in Segment Operating Results (Details) - USD ($) $ in Millions	3 Months Ended
	Dec. 30, 2023	Dec. 31, 2022
Schedule of Equity Method Investments
Equity in the income of investees	$ 181	$ 191
Amortization of Intangible Assets Held by Equity Investees	(3)	(3)
Entertainment Segment
Schedule of Equity Method Investments
Equity in the income of investees	171	193
Sports Segment
Schedule of Equity Method Investments
Equity in the income of investees	13	3
Experiences Segment
Schedule of Equity Method Investments
Equity in the income of investees	0	(2)
Total Segments
Schedule of Equity Method Investments
Equity in the income of investees	$ 184	$ 194

Reconciliation of Segment Opera

Reconciliation of Segment Operating Income to Income before Income Taxes (Details) - USD ($) $ in Millions		3 Months Ended
		Dec. 30, 2023	Dec. 31, 2022
Reconciling Items for Operating Income (Loss) from Segment to Consolidated
Segment operating income	[1]	$ 3,876	$ 3,043
Corporate and unallocated shared expenses		(308)	(280)
Restructuring and impairment charges	[2]	0	(69)
Other expense, net	[3]	0	(42)
Interest expense, net		(246)	(300)
Amortization of Intangible Assets	[4]	(451)	(579)
Income before income taxes		$ 2,871	$ 1,773
[1] Equity in the income of investees is included in segment operating income as follows: Quarter Ended December 30, December 31, Entertainment $ 171 $ 193 Sports 13 3 Experiences — (2) Equity in the income of investees included in segment operating income 184 194 Amortization of TFCF intangible assets related to equity investees (3) (3) Equity in the income of investees, net $ 181 $ 191 See Note 16 for a discussion of amounts in restructuring and impairment charges. See Note 4 for a discussion of amounts in other expense, net. TFCF and Hulu acquisition amortization is as follows: Quarter Ended December 30, December 31, Amortization of intangible assets $ 380 $ 417 Step-up of film and television costs 68 159 Intangibles related to TFCF equity investees 3 3 $ 451 $ 579

TFCF and Hulu Acquisition Amort

TFCF and Hulu Acquisition Amortization (Details) - USD ($) $ in Millions		3 Months Ended
		Dec. 30, 2023	Dec. 31, 2022
Amortization of Intangible Assets	[1]	$ 451	$ 579
Amortization of Intangible Assets Held by Equity Investees		(3)	(3)
TFCF and Hulu
Amortization of Intangible Assets		380	417
Amortization		68	159
Amortization of Intangible Assets Held by Equity Investees		$ 3	$ 3
[1] TFCF and Hulu acquisition amortization is as follows: Quarter Ended December 30, December 31, Amortization of intangible assets $ 380 $ 417 Step-up of film and television costs 68 159 Intangibles related to TFCF equity investees 3 3 $ 451 $ 579

Acquisitions Changes in Carry A

Acquisitions Changes in Carry Amount of Goodwill (Details) $ in Millions	3 Months Ended
	Dec. 30, 2023 USD ($)
Goodwill [Line Items]
Beginning balance	$ 77,067
Currency translation adjustments and other, net	(1)
Ending balance	77,066
Entertainment Segment
Goodwill [Line Items]
Beginning balance	55,031
Currency translation adjustments and other, net	(1)
Ending balance	55,030
Sports Segment
Goodwill [Line Items]
Beginning balance	16,486
Currency translation adjustments and other, net	0
Ending balance	16,486
Experiences Segment
Goodwill [Line Items]
Beginning balance	5,550
Currency translation adjustments and other, net	0
Ending balance	$ 5,550

Disaggregation of Revenue by Ma

Disaggregation of Revenue by Major Source (Details) - USD ($) $ in Millions	3 Months Ended
	Dec. 30, 2023	Dec. 31, 2022
Disaggregation of Revenue [Line Items]
Revenues	$ 23,549	$ 23,512
Affiliate fees
Disaggregation of Revenue [Line Items]
Revenues	4,142	4,260
Subscription fees
Disaggregation of Revenue [Line Items]
Revenues	4,922	4,240
Advertising
Disaggregation of Revenue [Line Items]
Revenues	3,348	3,443
Theme park admissions
Disaggregation of Revenue [Line Items]
Revenues	2,982	2,641
Resort and vacations
Disaggregation of Revenue [Line Items]
Revenues	2,118	1,980
Retail and wholesale sales of merchandise, food and beverage
Disaggregation of Revenue [Line Items]
Revenues	2,477	2,382
Merchandise licensing
Disaggregation of Revenue [Line Items]
Revenues	1,159	1,143
TV/SVOD distribution licensing
Disaggregation of Revenue [Line Items]
Revenues	593	800
Theatrical distribution licensing
Disaggregation of Revenue [Line Items]
Revenues	251	1,140
Home entertainment
Disaggregation of Revenue [Line Items]
Revenues	209	185
Other
Disaggregation of Revenue [Line Items]
Revenues	1,348	1,298
Entertainment Segment
Disaggregation of Revenue [Line Items]
Revenues	9,981	10,675
Entertainment Segment | Affiliate fees
Disaggregation of Revenue [Line Items]
Revenues	1,766	1,873
Entertainment Segment | Subscription fees
Disaggregation of Revenue [Line Items]
Revenues	4,507	3,861
Entertainment Segment | Advertising
Disaggregation of Revenue [Line Items]
Revenues	1,997	2,180
Entertainment Segment | Merchandise licensing
Disaggregation of Revenue [Line Items]
Revenues	192	191
Entertainment Segment | TV/SVOD distribution licensing
Disaggregation of Revenue [Line Items]
Revenues	536	724
Entertainment Segment | Theatrical distribution licensing
Disaggregation of Revenue [Line Items]
Revenues	251	1,140
Entertainment Segment | Home entertainment
Disaggregation of Revenue [Line Items]
Revenues	209	185
Entertainment Segment | Other
Disaggregation of Revenue [Line Items]
Revenues	523	521
Sports Segment
Disaggregation of Revenue [Line Items]
Revenues	4,835	4,640
Sports Segment | Affiliate fees
Disaggregation of Revenue [Line Items]
Revenues	2,669	2,653
Sports Segment | Subscription fees
Disaggregation of Revenue [Line Items]
Revenues	415	379
Sports Segment | Advertising
Disaggregation of Revenue [Line Items]
Revenues	1,351	1,262
Sports Segment | TV/SVOD distribution licensing
Disaggregation of Revenue [Line Items]
Revenues	57	76
Sports Segment | Other
Disaggregation of Revenue [Line Items]
Revenues	343	270
Experiences Segment
Disaggregation of Revenue [Line Items]
Revenues	9,132	8,545
Experiences Segment | Advertising
Disaggregation of Revenue [Line Items]
Revenues	0	1
Experiences Segment | Theme park admissions
Disaggregation of Revenue [Line Items]
Revenues	2,982	2,641
Experiences Segment | Resort and vacations
Disaggregation of Revenue [Line Items]
Revenues	2,118	1,980
Experiences Segment | Retail and wholesale sales of merchandise, food and beverage
Disaggregation of Revenue [Line Items]
Revenues	2,477	2,382
Experiences Segment | Merchandise licensing
Disaggregation of Revenue [Line Items]
Revenues	967	952
Experiences Segment | Other
Disaggregation of Revenue [Line Items]
Revenues	588	589
Segment Eliminations
Disaggregation of Revenue [Line Items]
Revenues	(399)	(348)
Segment Eliminations | Affiliate fees
Disaggregation of Revenue [Line Items]
Revenues	(293)	(266)
Segment Eliminations | Other
Disaggregation of Revenue [Line Items]
Revenues	$ (106)	$ (82)

Disaggregation of Revenue by Ge

Disaggregation of Revenue by Geographical Markets (Details) - USD ($) $ in Millions	3 Months Ended
	Dec. 30, 2023	Dec. 31, 2022
Disaggregation of Revenue [Line Items]
Revenues	$ 23,549	$ 23,512
Americas
Disaggregation of Revenue [Line Items]
Revenues	18,584	18,971
Europe
Disaggregation of Revenue [Line Items]
Revenues	2,610	2,640
Asia Pacific
Disaggregation of Revenue [Line Items]
Revenues	2,355	1,901
Entertainment Segment
Disaggregation of Revenue [Line Items]
Revenues	9,981	10,675
Entertainment Segment | Americas
Disaggregation of Revenue [Line Items]
Revenues	7,588	8,150
Entertainment Segment | Europe
Disaggregation of Revenue [Line Items]
Revenues	1,409	1,499
Entertainment Segment | Asia Pacific
Disaggregation of Revenue [Line Items]
Revenues	984	1,026
Sports Segment
Disaggregation of Revenue [Line Items]
Revenues	4,835	4,640
Sports Segment | Americas
Disaggregation of Revenue [Line Items]
Revenues	4,358	4,315
Sports Segment | Europe
Disaggregation of Revenue [Line Items]
Revenues	179	126
Sports Segment | Asia Pacific
Disaggregation of Revenue [Line Items]
Revenues	298	199
Experiences Segment
Disaggregation of Revenue [Line Items]
Revenues	9,132	8,545
Experiences Segment | Americas
Disaggregation of Revenue [Line Items]
Revenues	7,037	6,854
Experiences Segment | Europe
Disaggregation of Revenue [Line Items]
Revenues	1,022	1,015
Experiences Segment | Asia Pacific
Disaggregation of Revenue [Line Items]
Revenues	1,073	676
Segment Eliminations
Disaggregation of Revenue [Line Items]
Revenues	(399)	(348)
Segment Eliminations | Americas
Disaggregation of Revenue [Line Items]
Revenues	(399)	(348)
Segment Eliminations | Europe
Disaggregation of Revenue [Line Items]
Revenues	0	0
Segment Eliminations | Asia Pacific
Disaggregation of Revenue [Line Items]
Revenues	$ 0	$ 0

Contract with Customer, Asset a

Contract with Customer, Asset and Liability (Details) - USD ($) $ in Millions	Dec. 30, 2023	Sep. 30, 2023
Accounts Receivable, before Allowance for Credit Loss, Current	$ 11,810	$ 10,279
Accounts Receivable, before Allowance for Credit Loss, Noncurrent	1,191	1,212
Contract with Customer, Asset, Allowance for Credit Loss	(156)	(154)
Contract with Customer, Liability, Current	5,641	5,568
Contract with Customer, Liability, Noncurrent	$ 952	$ 977

Revenues - Additional Informati

Revenues - Additional Information (Details) - USD ($) $ in Millions	3 Months Ended
	Dec. 30, 2023	Dec. 31, 2022	Sep. 30, 2023
Contract with Customer, Performance Obligation Satisfied in Previous Period	$ 300	$ 300
Revenue, Remaining Performance Obligation, Amount	14,000
Contract with Customer, Liability, Revenue Recognized	3,400	$ 3,400
Syndicated programming
Long-term receivables, net of allowance for credit losses	500		$ 600
Mortgage Receivable
Long-term receivables, net of allowance for credit losses	700		$ 700
Unsatisfied performance obligation recognized in fiscal 2024
Revenue, Remaining Performance Obligation, Amount	5,000
Unsatisfied performance obligation recognized in fiscal 2025
Revenue, Remaining Performance Obligation, Amount	5,000
Unsatisfied performance obligation recognized in fiscal 2026
Revenue, Remaining Performance Obligation, Amount	2,000
Unsatisfied performance obligation recognized thereafter
Revenue, Remaining Performance Obligation, Amount	$ 2,000

Other Expense, Net (Details)

Other Expense, Net (Details) - USD ($) $ in Millions		3 Months Ended
		Dec. 30, 2023	Dec. 31, 2022
Schedule of Other Income and Expense [Line Items]
Other Nonoperating Income (Expense)		$ 0	$ 28
Other expense, net	[1]	0	(42)
DraftKings
Schedule of Other Income and Expense [Line Items]
Loss on Investments		$ 0	$ (70)
[1] See Note 4 for a discussion of amounts in other expense, net.

Reconciliation of Cash, Cash Eq

Reconciliation of Cash, Cash Equivalents and Restricted Cash Reported in the Condensed Consolidated Balance Sheet to the Total Amount in the Condensed Consolidated Statements of Cash Flows (Details) - USD ($) $ in Millions	Dec. 30, 2023	Sep. 30, 2023	Dec. 31, 2022	Oct. 01, 2022
Accounting Policies [Abstract]
Cash and Cash Equivalents	$ 7,192	$ 14,182
Restricted Cash and Investments, Noncurrent	55	53
Cash, Cash Equivalents and Restricted Cash in the Statement of Cash Flows	$ 7,247	$ 14,235	$ 8,516	$ 11,661

Borrowing Activity (Details)

Borrowing Activity (Details) $ in Millions	3 Months Ended
	Dec. 30, 2023 USD ($)
Borrowings [Roll Forward]
Borrowings beginning balance	$ 46,431
Borrowings	1,296
Payments	(559)
Other Activity	522
Borrowings ending balance	47,690
Commercial paper with original maturities less than three months
Borrowings [Roll Forward]
Borrowings beginning balance	289
Borrowings	542
Payments	0
Other Activity	5
Borrowings ending balance	836
Commercial paper with original maturities greater than three months
Borrowings [Roll Forward]
Borrowings beginning balance	1,187
Borrowings	754
Payments	(250)
Other Activity	16
Borrowings ending balance	1,707
U.S. dollar denominated notes
Borrowings [Roll Forward]
Borrowings beginning balance	43,504
Borrowings	0
Payments	(295)
Other Activity	(39)
Borrowings ending balance	43,170
Asia International Theme Parks borrowings
Borrowings [Roll Forward]
Borrowings beginning balance	1,308
Borrowings	0
Payments	(14)
Other Activity	50
Borrowings ending balance	1,344
Foreign currency denominated debt and other
Borrowings [Roll Forward]
Borrowings beginning balance	143
Borrowings	0
Payments	0
Other Activity	490	[1]
Borrowings ending balance	$ 633
[1] (1) The other activity is attributable to market value adjustments for debt with qualifying hedges.

Cash, Cash Equivalents, Restr_3

Cash, Cash Equivalents, Restricted Cash and Borrowings Line of Credit Facilities (Details) $ in Millions	Dec. 30, 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
	Dec. 30, 2023	Dec. 31, 2022
Interest expense	$ (528)	$ (465)
Interest and investment income	182	79
Net periodic pension and postretirement benefit costs other than service costs	100	86
Interest expense, net	$ (246)	$ (300)

Cash, Cash Equivalents, Restr_5

Cash, Cash Equivalents, Restricted Cash and Borrowings - Additional Information (Details) $ in Millions	3 Months Ended
	Dec. 30, 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
Letters of Credit Outstanding, Amount	$ 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
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
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
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
Credit Facility available beginning August 2023 | Disney Cruise Line
Debt Instrument [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity	$ 1,100
Debt Instrument, Interest Rate, Stated Percentage	3.80%
Credit Facility available beginning August 2024 | Disney Cruise Line
Debt Instrument [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity	$ 1,100
Debt Instrument, Interest Rate, Stated Percentage	3.74%

Impact of Consolidating Balance

Impact of Consolidating Balance Sheets of Asia Theme Parks (Details) - USD ($) $ in Millions	Dec. 30, 2023	Sep. 30, 2023
Schedule of Condensed Consolidating Balance Sheets [Line Items]
Cash and Cash Equivalents	$ 7,192	$ 14,182
Other current assets	1,301	1,286
Total current assets	25,971	32,763
Parks, resorts and other property	35,321	34,941
Other assets	10,968	11,076
Total assets	197,774	205,579
Current liabilities	31,033	31,139
Long-term borrowings	41,603	42,101
Asia International Theme Parks
Schedule of Condensed Consolidating Balance Sheets [Line Items]
Cash and Cash Equivalents	426	504
Other current assets	184	159
Total current assets	610	663
Parks, resorts and other property	6,212	6,150
Other assets	223	234
Total assets	7,045	7,047
Current liabilities	710	720
Long-term borrowings	1,344	1,308
Other long-term liabilities	398	392
Total liabilities	$ 2,452	$ 2,420

Impact of Consolidating Income

Impact of Consolidating Income Statements of International Theme Parks (Details) - USD ($) $ in Millions	3 Months Ended
	Dec. 30, 2023	Dec. 31, 2022
Schedule of Condensed Consolidating Statement of Operations [Line Items]
Revenues	$ 23,549	$ 23,512
Cost and expenses	(20,613)	$ (21,519)
International Theme Parks
Schedule of Condensed Consolidating Statement of Operations [Line Items]
Revenues	1,362
Cost and expenses	$ (1,123)

International Theme Parks - Add

International Theme Parks - Additional Information (Details) $ in Millions, ¥ in Billions, $ in Billions	3 Months Ended
	Dec. 30, 2023 USD ($)	Dec. 30, 2023 HKD ($)	Dec. 30, 2023 CNY (¥)	Dec. 31, 2022 USD ($)
Noncontrolling Interest
Net Cash Provided by Operating Activities	$ 2,185			$ (974)
Net Cash Used in Investing Activities	(1,246)			(1,292)
Net Cash Used in Financing Activities	$ (8,006)			$ (1,043)
Maximum
Noncontrolling Interest
Variable Spread Above Reference Rate	1.225%	1.225%	1.225%
Asia International Theme Parks
Noncontrolling Interest
Royalties And Management Fees	$ 67
International Theme Parks
Noncontrolling Interest
Net Cash Provided by Operating Activities	352
Net Cash Used in Investing Activities	(239)
Net Cash Used in Financing Activities	(12)
Hong Kong Disneyland Resort | Loans
Noncontrolling Interest
Variable Interest Entity, Financial or Other Support, Amount	166
Variable Interest Entity, Financial or Other Support, Amount from Noncontrolling Interests	$ 111
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	$ 346	$ 2.7
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	$ 978
Variable Interest Entity, Financial or Other Support, Amount from Noncontrolling Interests	$ 1,200		¥ 8.8
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		¥ 1.9
Variable Interest Entity, Financial or Other Support, Amount from Noncontrolling Interests	$ 400		¥ 2.6
Debt Instrument, Interest Rate, Stated Percentage	8%	8%	8%
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	Dec. 30, 2023	Sep. 30, 2023
Film, Monetized on Its Own, Capitalized Cost [Abstract]
Released, less amortization	$ 4,911	$ 4,968
Completed, not released	0	70
In-process	3,157	3,331
In development or pre-production	262	279
Film, Monetized on Its Own, Capitalized Cost	8,330	8,648
Film, Monetized in Film Group, Capitalized Cost [Abstract]
Released, less amortization	13,725	13,555
Completed, not released	1,713	1,786
In-process	5,394	6,120
In development or pre-production	132	133
Film, Monetized in Film Group, Capitalized Cost	20,964	21,594
Film, Capitalized Cost [Abstract]
Released, less amortization	18,636	18,523
Completed, not released	1,713	1,856
In-process	8,551	9,451
In development or pre-production	394	412
Film, Capitalized Cost	29,294	30,242
Licensed television programming rights and advances	4,840	6,351
Produced and Licensed Content, Total	34,134	36,593
Current portion	1,409	3,002
Non-current portion	$ 32,725	$ 33,591

Amortization of Produced and Li

Amortization of Produced and Licensed Content Costs (Details) - USD ($) $ in Millions		3 Months Ended
		Dec. 30, 2023	Dec. 31, 2022
Amortization of Produced Content Costs		$ 2,562	$ 3,317
Amortization of Licensed Television and Programming Rights		4,590	4,539
Amortization of Produced and Licensed Content Costs, Total	[1]	7,152	7,856
Monetized individually
Amortization of Produced Content Costs		768	1,157
Monetized as a group
Amortization of Produced Content Costs		$ 1,794	$ 2,160
[1] Primarily included in “Costs of services” in the Condensed Consolidated Statements of Income.

Income Taxes Income Tax (Detail

Income Taxes Income Tax (Details) - USD ($) $ in Billions	Dec. 30, 2023	Sep. 30, 2023
Income Tax [Line Items]
Unrecognized Tax Benefits	$ 2.5	$ 2.5
Significant Change in Unrecognized Tax Benefits is Reasonably Possible, Amount of Unrecorded Benefit	$ 0.3

Net Periodic Benefit Cost (Deta

Net Periodic Benefit Cost (Details) - USD ($) $ in Millions	3 Months Ended
	Dec. 30, 2023	Dec. 31, 2022
Defined Benefit Plan Disclosure [Line Items]
Net Periodic Defined Benefits Expense (Reversal of Expense), Excluding Service Cost Component	$ (100)	$ (86)
Pension Plans
Defined Benefit Plan Disclosure [Line Items]
Service costs	62	65
Interest costs	208	196
Expected return on plan assets	(284)	(288)
Amortization of previously deferred service costs	2	2
Recognized net actuarial loss	5	5
Net Periodic Defined Benefits Expense (Reversal of Expense), Excluding Service Cost Component	(69)	(85)
Net periodic benefit cost (income)	(7)	(20)
Postretirement Medical Plans
Defined Benefit Plan Disclosure [Line Items]
Service costs	0	1
Interest costs	14	20
Expected return on plan assets	(14)	(15)
Amortization of previously deferred service costs	(22)	0
Recognized net actuarial loss	(9)	(6)
Net Periodic Defined Benefits Expense (Reversal of Expense), Excluding Service Cost Component	(31)	(1)
Net periodic benefit cost (income)	$ (31)	$ 0

Reconciliation of Weighted Aver

Reconciliation of Weighted Average Number of Common and Common Equivalent Shares Outstanding and Awards Excluded from Diluted Earnings Per Share Calculation (Details) - shares shares in Millions	3 Months Ended
	Dec. 30, 2023	Dec. 31, 2022
Shares (in millions):
Weighted average number of common and common equivalent shares outstanding (basic)	1,832	1,825
Weighed average dilutive impact of awards	3	2
Weighted average number of common and common equivalent shares outstanding (diluted)	1,835	1,827
Awards excluded from diluted earnings per share	39	26

Equity Changes in Accumulated O

Equity Changes in Accumulated Other Comprehensive Loss, Before Tax (Details) - USD ($) $ in Millions	3 Months Ended
	Dec. 30, 2023	Dec. 31, 2022
Accumulated Other Comprehensive Income (Loss) [Line Items]
AOCI before Tax, Attributable to Parent, Beginning Balance	$ (3,887)	$ (4,980)
Unrealized gains (losses) arising during the period	(143)	(329)
Reclassifications of realized net (gains) losses to net income	(164)	(175)
AOCI before Tax, Attributable to Parent, Ending Balance	(4,194)	(5,484)
Market Value Adjustments for Hedges
Accumulated Other Comprehensive Income (Loss) [Line Items]
AOCI before Tax, Attributable to Parent, Beginning Balance	259	804
Unrealized gains (losses) arising during the period	(277)	(475)
Reclassifications of realized net (gains) losses to net income	(140)	(218)
AOCI before Tax, Attributable to Parent, Ending Balance	(158)	111
Unrecognized Pension and  Postretirement Medical  Expense
Accumulated Other Comprehensive Income (Loss) [Line Items]
AOCI before Tax, Attributable to Parent, Beginning Balance	(2,172)	(3,770)
Unrealized gains (losses) arising during the period	(3)	0
Reclassifications of realized net (gains) losses to net income	(24)	1
AOCI before Tax, Attributable to Parent, Ending Balance	(2,199)	(3,769)
Foreign Currency Translation and Other
Accumulated Other Comprehensive Income (Loss) [Line Items]
AOCI before Tax, Attributable to Parent, Beginning Balance	(1,974)	(2,014)
Unrealized gains (losses) arising during the period	137	146
Reclassifications of realized net (gains) losses to net income	0	42
AOCI before Tax, Attributable to Parent, Ending Balance	$ (1,837)	$ (1,826)

Equity Changes in Accumulated_2

Equity Changes in Accumulated Other Comprehensive Loss, Tax (Details) - USD ($) $ in Millions	3 Months Ended
	Dec. 30, 2023	Dec. 31, 2022
Accumulated Other Comprehensive Income (Loss) [Line Items]
AOCI Tax, Attributable to Parent, Beginning Balance	$ 595	$ 861
Unrealized gains (losses) arising during the period	59	108
Reclassifications of realized net (gains) losses to net income	38	37
AOCI Tax, Attributable to Parent, Ending Balance	692	1,006
Market Value Adjustments for Hedges
Accumulated Other Comprehensive Income (Loss) [Line Items]
AOCI Tax, Attributable to Parent, Beginning Balance	(64)	(179)
Unrealized gains (losses) arising during the period	66	100
Reclassifications of realized net (gains) losses to net income	32	51
AOCI Tax, Attributable to Parent, Ending Balance	34	(28)
Unrecognized Pension and  Postretirement Medical  Expense
Accumulated Other Comprehensive Income (Loss) [Line Items]
AOCI Tax, Attributable to Parent, Beginning Balance	517	901
Unrealized gains (losses) arising during the period	0	0
Reclassifications of realized net (gains) losses to net income	6	0
AOCI Tax, Attributable to Parent, Ending Balance	523	901
Foreign Currency Translation and Other
Accumulated Other Comprehensive Income (Loss) [Line Items]
AOCI Tax, Attributable to Parent, Beginning Balance	142	139
Unrealized gains (losses) arising during the period	(7)	8
Reclassifications of realized net (gains) losses to net income	0	(14)
AOCI Tax, Attributable to Parent, Ending Balance	$ 135	$ 133

Changes in Accumulated Other Co

Changes in Accumulated Other Comprehensive Loss, Net of Tax (Details) - USD ($) $ in Millions	3 Months Ended
	Dec. 30, 2023	Dec. 31, 2022
Accumulated Other Comprehensive Income (Loss) [Line Items]
AOCI, Beginning Balance	$ (3,292)	$ (4,119)
Unrealized gains (losses) arising during the period	(84)	(221)
Reclassifications of realized net (gains) losses to net income	(126)	(138)
AOCI, Ending Balance	(3,502)	(4,478)
Market Value Adjustments for Hedges
Accumulated Other Comprehensive Income (Loss) [Line Items]
AOCI, Beginning Balance	195	625
Unrealized gains (losses) arising during the period	(211)	(375)
Reclassifications of realized net (gains) losses to net income	(108)	(167)
AOCI, Ending Balance	(124)	83
Unrecognized Pension and  Postretirement Medical  Expense
Accumulated Other Comprehensive Income (Loss) [Line Items]
AOCI, Beginning Balance	(1,655)	(2,869)
Unrealized gains (losses) arising during the period	(3)	0
Reclassifications of realized net (gains) losses to net income	(18)	1
AOCI, Ending Balance	(1,676)	(2,868)
Foreign Currency Translation and Other
Accumulated Other Comprehensive Income (Loss) [Line Items]
AOCI, Beginning Balance	(1,832)	(1,875)
Unrealized gains (losses) arising during the period	130	154
Reclassifications of realized net (gains) losses to net income	0	28
AOCI, Ending Balance	$ (1,702)	$ (1,693)

Details about AOCI Components R

Details about AOCI Components Reclassified to Net Income (Details) - USD ($) $ in Millions		3 Months Ended
		Dec. 30, 2023	Dec. 31, 2022
Details about AOCI Components Reclassified to Net Income
Revenues		$ 23,549	$ 23,512
Interest expense, net		246	300
Restructuring and impairment charges	[1]	0	69
Income taxes		(720)	(412)
Net income attributable to The Walt Disney Company (Disney)		1,911	1,279
Reclassification out of Accumulated Other Comprehensive Income
Details about AOCI Components Reclassified to Net Income
Net income attributable to The Walt Disney Company (Disney)		126	138
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		140	218
Income taxes		(32)	(51)
Net income attributable to The Walt Disney Company (Disney)		108	167
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		24	(1)
Income taxes		(6)	0
Net income attributable to The Walt Disney Company (Disney)		18	(1)
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	(42)
Income taxes		0	14
Net income attributable to The Walt Disney Company (Disney)		$ 0	$ (28)
[1] See Note 16 for a discussion of amounts in restructuring and impairment charges.

Equity - Additional Information

Equity - Additional Information (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	Feb. 07, 2024	Nov. 30, 2023
Class of Stock [Line Items]
Dividends Declared Per Share		$ 0.30
Dividends, Cash		$ 549
Dividends Payable, Date Declared		Nov. 30, 2023
Dividends Payable, Date of Record		Dec. 11, 2023
Subsequent Event
Class of Stock [Line Items]
Dividends Declared Per Share	$ 0.45
Dividends Payable, Date Declared	Feb. 07, 2024
Dividends Payable, Date to be Paid	Jul. 25, 2024
Dividends Payable, Date of Record	Jul. 08, 2024
Stock Repurchase Program, Number of Shares Authorized to be Repurchased	400
Scenario, Plan | Subsequent Event
Class of Stock [Line Items]
Treasury Stock, Value, Acquired, Cost Method	$ 3,000

Compensation Expense Related to

Compensation Expense Related to Stock Options, Stock Appreciation Rights and Restricted Stock Units (Details) - USD ($) $ in Millions		3 Months Ended
		Dec. 30, 2023	Dec. 31, 2022
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options		$ 17	$ 19
RSUs		291	251
Total equity-based compensation expense	[1]	308	270
Equity-based compensation expense capitalized during the period		$ 44	$ 36
[1] Equity-based compensation expense is net of capitalized equity-based compensation and estimated forfeitures and excludes amortization of previously capitalized equity-based compensation costs.

Equity-Based Compensation - Add

Equity-Based Compensation - Additional Information (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended
	Dec. 30, 2023	Dec. 31, 2022
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted average grant date fair values of options issued	$ 32.06	$ 34.71
Weighted average grant date fair values of RSUs issued	$ 93.87	$ 91.89
Stock Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation cost	$ 137
Stock compensation granted, number of shares	2.7
Restricted Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation cost	$ 2,800
Stock compensation granted, number of shares	15.7

Assets and Liabilities Measured

Assets and Liabilities Measured at Fair Value (Details) - Fair Value, Measurements, Recurring - USD ($) $ in Millions	Dec. 30, 2023	Sep. 30, 2023
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Investments	$ 145	$ 174
Other Liabilities	(539)	(465)
Total	(1,736)	(1,556)
Fair value of borrowings	45,445	41,456
Interest rate
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative Liabilities	(1,459)	(1,791)
Foreign exchange
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative Asset	668	1,336
Derivative Liabilities	(565)	(815)
Other Derivative
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative Asset	18	18
Derivative Liabilities	(4)	(13)
Level 1
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Investments	0	46
Other Liabilities	0	0
Total	0	46
Fair value of borrowings	0	0
Level 1 | Interest rate
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
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	145	128
Other Liabilities	(539)	(465)
Total	(1,736)	(1,602)
Fair value of borrowings	44,075	40,123
Level 2 | Interest rate
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative Liabilities	(1,459)	(1,791)
Level 2 | Foreign exchange
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative Asset	668	1,336
Derivative Liabilities	(565)	(815)
Level 2 | Other Derivative
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative Asset	18	18
Derivative Liabilities	(4)	(13)
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	1,370	1,333
Level 3 | Interest rate
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative Liabilities	0	0
Level 3 | Foreign exchange
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative Asset	0	0
Derivative Liabilities	0	0
Level 3 | Other Derivative
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative Asset	0	0
Derivative Liabilities	$ 0	$ 0

Gross Fair Value of Derivative

Gross Fair Value of Derivative Positions (Details) - USD ($) $ in Millions	Dec. 30, 2023	Sep. 30, 2023
Current Assets
Derivatives, Fair Value [Line Items]
Derivative Asset, Fair Value, Gross Asset Including Not Subject to Master Netting Arrangement	$ 475	$ 991
Derivative Asset, Counterparty Netting Offset	(372)	(770)
Derivative Asset, Collateral, Obligation to Return Cash, Offset	(13)	(123)
Net derivative positions	90	98
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	399	595
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	12
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	59	384
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	16	0
Other Assets
Derivatives, Fair Value [Line Items]
Derivative Asset, Fair Value, Gross Asset Including Not Subject to Master Netting Arrangement	356	491
Derivative Asset, Counterparty Netting Offset	(195)	(262)
Derivative Asset, Collateral, Obligation to Return Cash, Offset	0	(7)
Net derivative positions	161	222
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	206	338
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	0
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	6
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	4	19
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	145	128
Other Current Liabilities
Derivatives, Fair Value [Line Items]
Derivative Liability, Fair Value, Gross Liability Including Not Subject to Master Netting Arrangement	(1,862)	(2,447)
Derivative Liability, Counterparty netting offset	463	900
Derivative Liability, Collateral, Right to Reclaim Cash, Offset	1,106	1,257
Net derivative positions	(293)	(290)
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	(155)	(123)
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	(1,459)	(1,791)
Other Current Liabilities | Derivatives designated as hedges | Other Derivative
Derivatives, Fair Value [Line Items]
Derivative Liability, Fair Value, Gross Liability Including Not Subject to Master Netting Arrangement	(3)	0
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	(245)	(520)
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	(13)
Other Long-Term Liabilities
Derivatives, Fair Value [Line Items]
Derivative Liability, Fair Value, Gross Liability Including Not Subject to Master Netting Arrangement	(166)	(172)
Derivative Liability, Counterparty netting offset	104	132
Derivative Liability, Collateral, Right to Reclaim Cash, Offset	0	0
Net derivative positions	(62)	(40)
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	(100)	(93)
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	(1)	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	(65)	(79)
Other Long-Term Liabilities | Derivatives not designated as hedges | Other Derivative
Derivatives, Fair Value [Line Items]
Derivative Liability, Fair Value, Gross Liability Including Not Subject to Master Netting Arrangement	$ 0	$ 0

Derivative Instruments Carrying

Derivative Instruments Carrying Amount and Cumulative Basis Adjustment for Fair Value Hedges (Details) - USD ($) $ in Millions	Dec. 30, 2023	Sep. 30, 2023
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Hedged Liability, Fair Value Hedge	$ 12,677	$ 12,187
Hedged Liability, Fair Value Hedge, Cumulative Increase (Decrease)	(1,313)	(1,753)
Current Portion of Borrowings
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Hedged Liability, Fair Value Hedge	2,381	1,439
Hedged Liability, Fair Value Hedge, Cumulative Increase (Decrease)	(60)	(59)
Borrowings
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Hedged Liability, Fair Value Hedge	10,296	10,748
Hedged Liability, Fair Value Hedge, Cumulative Increase (Decrease)	$ (1,253)	$ (1,694)

Adjustments Related to Fair Val

Adjustments Related to Fair Value Hedges Included in Net Interest Expense in Condensed Consolidated Statements of Income (Details) - Interest rate - Interest Expense - USD ($) $ in Millions	3 Months Ended
	Dec. 30, 2023	Dec. 31, 2022
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) on pay-floating swaps	$ 432	$ 71
Gain (loss) on hedged borrowings	(432)	(71)
Derivative, Gain (Loss) on Derivative, Net	$ (154)	$ (95)

Derivative Instruments Effect o

Derivative Instruments Effect of Foreign Currency Cash Flow Hedges on AOCI (Details) - USD ($) $ in Millions		3 Months Ended
		Dec. 30, 2023	Dec. 31, 2022
Foreign Currency Fair Value Hedge Derivative [Line Items]
Unrealized Gain (Loss) on Foreign Currency Derivatives, Net, before Tax		$ (264)	$ (502)
Foreign Currency Cash Flow Hedge Gain (Loss) Reclassified to Earnings, Net	[1]	$ 141	$ 222
[1] Primarily recorded in revenue.

Net Gains or Losses Recognized

Net Gains or Losses Recognized on Economic Exposures Associated With Foreign Currency Exchange Contracts (Details) - USD ($) $ in Millions	3 Months Ended
	Dec. 30, 2023	Dec. 31, 2022
Costs and Expenses
Derivative Instruments, Gain (Loss) [Line Items]
Net gain (loss) on foreign currency denominated assets and liabilities	$ 35	$ 145
Net gain (loss) on foreign exchange risk management contracts not designated as hedges	(126)	(213)
Net gain (loss)	(91)	(68)
Interest Expense
Derivative Instruments, Gain (Loss) [Line Items]
Net gain (loss) on foreign currency denominated assets and liabilities	(23)	(18)
Net gain (loss) on foreign exchange risk management contracts not designated as hedges	21	18
Net gain (loss)	(2)	0
Income Taxes
Derivative Instruments, Gain (Loss) [Line Items]
Net gain (loss) on foreign currency denominated assets and liabilities	(46)	(88)
Net gain (loss) on foreign exchange risk management contracts not designated as hedges	42	70
Net gain (loss)	$ (4)	$ (18)

Derivative Instruments - Additi

Derivative Instruments - Additional Information (Details) $ in Millions, $ in Billions	3 Months Ended
	Dec. 30, 2023 USD ($)	Dec. 30, 2023 CAD ($)	Sep. 30, 2023 USD ($)	Sep. 30, 2023 CAD ($)
Derivative [Line Items]
Net deferred gains recorded in AOCI for contracts that will mature in the next twelve months	$ 230
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	$ 1,500		$ 1,600
Derivatives designated as hedges | Interest rate | Fair Value Hedging
Derivative [Line Items]
Derivative, Notional Amount	13,500		13,500
Derivatives designated as hedges | Foreign exchange | Cash Flow Hedging
Derivative [Line Items]
Derivative, Notional Amount	9,500		8,300
Derivatives designated as hedges | Currency Swap | Fair Value Hedging
Derivative [Line Items]
Derivative, Notional Amount	1,000	$ 1.3	1,000	$ 1.3
Not Designated as Hedging Instrument | Foreign exchange
Derivative [Line Items]
Derivative, Notional Amount	2,900		3,100
Not Designated as Hedging Instrument | Other Derivative
Derivative [Line Items]
Derivative, Notional Amount	$ 500		$ 400

Restructuring and Impairment _2

Restructuring and Impairment Charges - Additional Details (Details) - USD ($) $ in Millions		3 Months Ended
		Dec. 30, 2023	Dec. 31, 2022
Restructuring Cost and Reserve [Line Items]
Restructuring and impairment charges	[1]	$ 0	$ 69
Russia Business
Restructuring Cost and Reserve [Line Items]
Restructuring and impairment charges			$ 69
[1] See Note 16 for a discussion of amounts in restructuring and impairment charges.