The Walt Disney Company (DIS) 10-Q 7 May 24 2024 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Mar. 30, 2024	May 01, 2024
Document Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Mar. 30, 2024
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		1,823,043,026
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q2
Entity Central Index Key	0001744489
Current Fiscal Year End Date	--09-28
Amendment Flag	false

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Millions, $ in Millions		3 Months Ended		6 Months Ended
		Mar. 30, 2024	Apr. 01, 2023	Mar. 30, 2024	Apr. 01, 2023
Revenues		$ 22,083	$ 21,815	$ 45,632	$ 45,327
Selling, general, administrative and other		(3,790)	(3,614)	(7,573)	(7,441)
Depreciation and amortization		(1,242)	(1,310)	(2,485)	(2,616)
Total costs and expenses		(19,204)	(19,540)	(39,817)	(41,059)
Restructuring and impairment charges	[1]	(2,052)	(152)	(2,052)	(221)
Other income, net	[2]	0	149	0	107
Interest expense, net		(311)	(322)	(557)	(622)
Equity in the income of investees		141	173	322	364
Income before income taxes		657	2,123	3,528	3,896
Income taxes		(441)	(635)	(1,161)	(1,047)
Net income		216	1,488	2,367	2,849
Net income attributable to noncontrolling interests		236	217	476	299
Net income (loss) attributable to The Walt Disney Company (Disney)		$ (20)	$ 1,271	$ 1,891	$ 2,550
Earnings (Loss) Per Share [Abstract]
Diluted		$ (0.01)	$ 0.69	$ 1.03	$ 1.39
Basic		$ (0.01)	$ 0.70	$ 1.03	$ 1.40
Weighted average number of common and common equivalent shares outstanding:
Diluted (shares)		1,834	1,831	1,838	1,829
Basic (shares)		1,834	1,828	1,833	1,827
Service
Revenues		$ 19,757	$ 19,586	$ 40,732	$ 40,583
Cost of Goods and Services Sold		(12,663)	(13,160)	(26,585)	(27,941)
Product
Revenues		2,326	2,229	4,900	4,744
Cost of Goods and Services Sold		$ (1,509)	$ (1,456)	$ (3,174)	$ (3,061)
[1] See Note 17 for a discussion of amounts in restructuring and impairment charges. See Note 5 for a discussion of amounts in other income, net.

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Mar. 30, 2024	Apr. 01, 2023	Mar. 30, 2024	Apr. 01, 2023
Net income	$ 216	$ 1,488	$ 2,367	$ 2,849
Other Comprehensive Income/(Loss), Net of Tax:
Market value adjustments for hedges	115	(82)	(204)	(624)
Pension and postretirement medical plan adjustments	(24)	56	(45)	57
Foreign currency translation and other	(119)	115	55	342
Other comprehensive income (loss)	(28)	89	(194)	(225)
Comprehensive income	188	1,577	2,173	2,624
Net income attributable to noncontrolling interests	(236)	(217)	(476)	(299)
Other comprehensive income (loss) attributable to noncontrolling interests	21	0	(23)	(45)
Comprehensive income (loss) attributable to Disney	$ (27)	$ 1,360	$ 1,674	$ 2,280

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Mar. 30, 2024	Sep. 30, 2023
Current assets
Cash and Cash Equivalents	$ 6,635	$ 14,182
Receivables, net	12,026	12,330
Inventories	1,948	1,963
Content advances	1,921	3,002
Other current assets	2,106	1,286
Total current assets	24,636	32,763
Produced and licensed content costs	32,590	33,591
Investments	3,007	3,080
Attractions, buildings and equipment	72,173	70,090
Accumulated depreciation	(44,065)	(42,610)
Parks, resorts and other property before projects in progress and land, Total	28,108	27,480
Projects in progress	6,243	6,285
Land	1,174	1,176
Parks, resorts and other property	35,525	34,941
Intangible assets, net	11,474	13,061
Goodwill	73,914	77,067
Other assets	13,964	11,076
Total assets	195,110	205,579
Current liabilities
Accounts payable and other accrued liabilities	18,798	20,671
Current portion of borrowings	6,789	4,330
Deferred revenue and other	7,287	6,138
Total current liabilities	32,874	31,139
Borrowings	39,510	42,101
Deferred income taxes	6,860	7,258
Other long-term liabilities	12,103	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 March 30, 2024 and 1.8 billion shares at September 30, 2023	58,028	57,383
Retained earnings	46,649	46,093
Accumulated other comprehensive loss	(3,509)	(3,292)
Treasury stock, at cost, 27 million shares at March 30, 2024 and 19 million shares at September 30, 2023	(1,916)	(907)
Total Disney Shareholders' equity	99,252	99,277
Noncontrolling interests	4,511	4,680
Total equity	103,763	103,957
Total liabilities and equity	$ 195,110	$ 205,579

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares shares in Millions	Mar. 30, 2024	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	27	19

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Millions	6 Months Ended
	Mar. 30, 2024		Apr. 01, 2023
Net income	$ 2,367		$ 2,849
OPERATING ACTIVITIES
Depreciation and amortization	2,485		2,616
Goodwill Impairment	2,038	[1]	0
Deferred income taxes	(211)		(46)
Equity in the income of investees	(322)		(364)
Cash distributions received from equity investees	300		363
Net change in produced and licensed content costs and advances	1,699		(824)
Equity-based compensation	675		570
Other, net	(6)		(320)
Changes in operating assets and liabilities:
Receivables	(156)		(413)
Inventories	26		(107)
Other assets	(185)		(345)
Accounts payable and other liabilities	(1,075)		(2,133)
Income taxes	(1,784)		416
Net Cash Provided by Operating Activities	5,851		2,262
INVESTING ACTIVITIES
Investments in parks, resorts and other property	(2,558)		(2,430)
Other, net	5		(111)
Cash used in investing activities	(2,553)		(2,541)
FINANCING ACTIVITIES
Commercial paper borrowings, net	42		714
Borrowings	133		70
Reduction of borrowings	(645)		(1,000)
Dividends	549		0
Repurchases of Common Stock	(1,001)		0
Contributions from noncontrolling interests	0		178
Acquisition of redeemable noncontrolling interests	(8,610)		(900)
Other, net	(194)		(188)
Cash used in financing activities	(10,824)		(1,126)
Impact of Exchange Rate on Cash, Cash Equivalents and Restricted Cash	17		197
Change in Cash, Cash Equivalents and Restricted Cash	(7,509)		(1,208)
Cash, Cash Equivalents and Restricted Cash, Beginning of Period	14,235		11,661
Cash, Cash Equivalents and Restricted Cash, End of Period	$ 6,726		$ 10,453
[1] Reflects impairments related to entertainment linear networks and Star India (see Note 17).

CONDENSED CONSOLIDATED STATEM_4

CONDENSED CONSOLIDATED STATEMENTS OF EQUITY - USD ($) shares in Thousands, $ in Millions		Total	Common Stock		Retained Earnings	AOCI Attributable to Parent	Treasury Stock	Disney Shareholders	Non-controlling Interests		Total excluding redeemable noncontrolling interest
BEGINNING BALANCE (in shares) at Oct. 01, 2022	[1]		1,824,000
Beginning Balance at Oct. 01, 2022			$ 56,398		$ 43,636	$ (4,119)	$ (907)	$ 95,008	$ 3,871	[2]	$ 98,879
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Comprehensive income (loss)		$ 2,624			2,550	(270)		2,280	131	[2]	2,411
Equity compensation activity (in shares)			3,000
Equity compensation activity			$ 525					525			525
Contributions		178							187	[2]	187
Distributions and other			$ (4)		50			46	(492)	[2]	(446)
ENDING BALANCE (in shares) at Apr. 01, 2023	[1]		1,827,000
Ending Balance at Apr. 01, 2023			$ 56,919		46,236	(4,389)	(907)	97,859	3,697	[3]	101,556
BEGINNING BALANCE (in shares) at Dec. 31, 2022	[4]		1,826,000
Beginning Balance at Dec. 31, 2022			$ 56,579		44,955	(4,478)	(907)	96,149	3,986	[3]	100,135
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Comprehensive income (loss)		$ 1,577			1,271	89		1,360	147	[3]	1,507
Equity compensation activity (in shares)			1,000
Equity compensation activity			$ 345					345			345
Contributions									9	[3]	9
Distributions and other			$ (5)		10			5	(445)	[3]	(440)
ENDING BALANCE (in shares) at Apr. 01, 2023	[1]		1,827,000
Ending Balance at Apr. 01, 2023			$ 56,919		46,236	(4,389)	(907)	97,859	3,697	[3]	101,556
BEGINNING BALANCE (in shares) at Sep. 30, 2023		1,800,000	1,830,000	[1]
Beginning Balance at Sep. 30, 2023		$ 103,957	$ 57,383		46,093	(3,292)	(907)	99,277	4,680	[2]	103,957
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Comprehensive income (loss)		2,173			1,891	(217)		1,674	310	[2]	1,984
Equity compensation activity (in shares)			5,000
Equity compensation activity			$ 633					633			633
Dividends			$ 4		(1,375)			(1,371)			(1,371)
Contributions		$ 0							1		1
Common stock repurchases, Shares, Acquired		(9,000)	(9,000)
Common stock repurchases		$ (1,000)					(1,001)	(1,001)			(1,001)
Distributions and other			$ 8		40		(8)	40	(480)	[2]	(440)
ENDING BALANCE (in shares) at Mar. 30, 2024		1,900,000	1,826,000	[4]
Ending Balance at Mar. 30, 2024		$ 103,763	$ 58,028		46,649	(3,509)	(1,916)	99,252	4,511	[2]	103,763
BEGINNING BALANCE (in shares) at Dec. 30, 2023	[4]		1,834,000
Beginning Balance at Dec. 30, 2023			$ 57,640		47,490	(3,502)	(907)	100,721	4,780	[3]	105,501
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Comprehensive income (loss)		$ 188			(20)	(7)		(27)	181	[3]	154
Equity compensation activity (in shares)			1,000
Equity compensation activity			$ 383					383			383
Dividends			$ 4		(826)			(822)			(822)
Contributions									1		1
Common stock repurchases, Shares, Acquired			(9,000)
Common stock repurchases							(1,001)	(1,001)			(1,001)
Distributions and other			$ 1		5		(8)	(2)	(451)	[3]	(453)
ENDING BALANCE (in shares) at Mar. 30, 2024		1,900,000	1,826,000	[4]
Ending Balance at Mar. 30, 2024		$ 103,763	$ 58,028		$ 46,649	$ (3,509)	$ (1,916)	$ 99,252	$ 4,511	[2]	$ 103,763
[1] Shares are net of treasury shares. Excludes redeemable noncontrolling interests. Excludes redeemable noncontrolling interests. Shares are net of treasury shares.

Principles of Consolidation

Principles of Consolidation	6 Months Ended
	Mar. 30, 2024
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 six months ended March 30, 2024 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 our 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, see Note 7) 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. 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. Any incremental amount would be recorded as “Net income attributable to noncontrolling interests” and thus reduce “Net income attributable to Disney” in the Condensed Consolidated Statements of Operations. 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 Operations. In addition, Hearst Corporation 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	6 Months Ended
	Mar. 30, 2024
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 Six Months Ended March 30, April 1, March 30, April 1, Revenues: Entertainment Third parties $ 9,691 $ 10,212 $ 19,572 $ 20,796 Intersegment 105 97 205 188 9,796 10,309 19,777 20,984 Sports Third parties 3,999 3,957 8,535 8,340 Intersegment 313 269 612 526 4,312 4,226 9,147 8,866 Experiences 8,393 7,646 17,525 16,191 Eliminations (418) (366) (817) (714) Total segment revenues $ 22,083 $ 21,815 $ 45,632 $ 45,327 Segment operating income: Entertainment $ 781 $ 455 $ 1,655 $ 800 Sports 778 794 675 630 Experiences 2,286 2,036 5,391 4,898 Total segment operating income (1) $ 3,845 $ 3,285 $ 7,721 $ 6,328 (1) Equity in the income of investees is included in segment operating income as follows: Quarter Ended Six Months Ended March 30, April 1, March 30, April 1, Entertainment $ 138 $ 160 $ 309 $ 353 Sports 6 16 19 19 Experiences — — — (2) Equity in the income of investees included in segment operating income 144 176 328 370 Amortization of TFCF intangible assets related to equity investees (3) (3) (6) (6) Equity in the income of investees, net $ 141 $ 173 $ 322 $ 364 A reconciliation of segment operating income to income before income taxes is as follows: Quarter Ended Six Months Ended March 30, April 1, March 30, April 1, Segment operating income $ 3,845 $ 3,285 $ 7,721 $ 6,328 Corporate and unallocated shared expenses (391) (279) (699) (559) Restructuring and impairment charges (1) (2,052) (152) (2,052) (221) Other income, net (2) — 149 — 107 Interest expense, net (311) (322) (557) (622) TFCF and Hulu acquisition amortization (3) (434) (558) (885) (1,137) Income before income taxes $ 657 $ 2,123 $ 3,528 $ 3,896 (1) See Note 17 for a discussion of amounts in restructuring and impairment charges. (2) See Note 5 for a discussion of amounts in other income, net. (3) TFCF and Hulu acquisition amortization is as follows: Quarter Ended Six Months Ended March 30, April 1, March 30, April 1, Amortization of intangible assets $ 362 $ 408 $ 742 $ 825 Step-up of film and television costs 69 147 137 306 Intangibles related to TFCF equity investees 3 3 6 6 $ 434 $ 558 $ 885 $ 1,137

Revenues

Revenues	6 Months Ended
	Mar. 30, 2024
Revenue from Contract with Customer [Abstract]
Revenue from Contract with Customer	Revenues The following table presents revenues by segment and major source: Quarter Ended March 30, 2024 Entertainment Sports Experiences Eliminations Total Subscription fees $ 4,805 $ 417 $ — $ — $ 5,222 Affiliate fees 1,759 2,678 — (299) 4,138 Advertising 1,771 950 — — 2,721 Theme park admissions — — 2,806 — 2,806 Resort and vacations — — 2,101 — 2,101 Retail and wholesale sales of merchandise, food and beverage — — 2,266 — 2,266 Merchandise licensing 136 — 652 — 788 TV/VOD distribution licensing 480 70 — — 550 Theatrical distribution licensing 123 — — — 123 Home entertainment 189 — — — 189 Other 533 197 568 (119) 1,179 $ 9,796 $ 4,312 $ 8,393 $ (418) $ 22,083 Quarter Ended April 1, 2023 Entertainment Sports Experiences Eliminations Total Subscription fees $ 4,225 $ 380 $ — $ — $ 4,605 Affiliate fees 1,925 2,766 — (277) 4,414 Advertising 1,782 781 1 — 2,564 Theme park admissions — — 2,428 — 2,428 Resort and vacations — — 1,949 — 1,949 Retail and wholesale sales of merchandise, food and beverage — — 2,142 — 2,142 Merchandise licensing 130 — 642 — 772 TV/VOD distribution licensing 803 102 — — 905 Theatrical distribution licensing 767 — — — 767 Home entertainment 202 — — — 202 Other 475 197 484 (89) 1,067 $ 10,309 $ 4,226 $ 7,646 $ (366) $ 21,815 Six Months Ended March 30, 2024 Entertainment Sports Experiences Eliminations Total Subscription fees $ 9,312 $ 832 $ — $ — $ 10,144 Affiliate fees 3,525 5,347 — (592) 8,280 Advertising 3,768 2,301 — — 6,069 Theme park admissions — — 5,788 — 5,788 Resort and vacations — — 4,219 — 4,219 Retail and wholesale sales of merchandise, food and beverage — — 4,743 — 4,743 Merchandise licensing 328 — 1,619 — 1,947 TV/VOD distribution licensing 1,016 127 — — 1,143 Theatrical distribution licensing 374 — — — 374 Home entertainment 398 — — — 398 Other 1,056 540 1,156 (225) 2,527 $ 19,777 $ 9,147 $ 17,525 $ (817) $ 45,632 Six Months Ended April 1, 2023 Entertainment Sports Experiences Eliminations Total Subscription fees $ 8,086 $ 759 $ — $ — $ 8,845 Affiliate fees 3,798 5,419 — (543) 8,674 Advertising 3,962 2,043 2 — 6,007 Theme park admissions — — 5,069 — 5,069 Resort and vacations — — 3,929 — 3,929 Retail and wholesale sales of merchandise, food and beverage — — 4,524 — 4,524 Merchandise licensing 321 — 1,594 — 1,915 TV/VOD distribution licensing 1,527 178 — — 1,705 Theatrical distribution licensing 1,907 — — — 1,907 Home entertainment 387 — — — 387 Other 996 467 1,073 (171) 2,365 $ 20,984 $ 8,866 $ 16,191 $ (714) $ 45,327 The following table presents revenues by segment and primary geographical markets: Quarter Ended March 30, 2024 Entertainment Sports Experiences Eliminations Total Americas $ 7,640 $ 4,115 $ 6,304 $ (418) $ 17,641 Europe 1,383 75 823 — 2,281 Asia Pacific 773 122 1,266 — 2,161 Total revenues $ 9,796 $ 4,312 $ 8,393 $ (418) $ 22,083 Quarter Ended April 1, 2023 Entertainment Sports Experiences Eliminations Total Americas $ 7,941 $ 4,008 $ 6,047 $ (366) $ 17,630 Europe 1,405 78 708 — 2,191 Asia Pacific 963 140 891 — 1,994 Total revenues $ 10,309 $ 4,226 $ 7,646 $ (366) $ 21,815 Six Months Ended March 30, 2024 Entertainment Sports Experiences Eliminations Total Americas $ 15,228 $ 8,473 $ 13,341 $ (817) $ 36,225 Europe 2,792 254 1,845 — 4,891 Asia Pacific 1,757 420 2,339 — 4,516 Total revenues $ 19,777 $ 9,147 $ 17,525 $ (817) $ 45,632 Six Months Ended April 1, 2023 Entertainment Sports Experiences Eliminations Total Americas $ 16,091 $ 8,323 $ 12,901 $ (714) $ 36,601 Europe 2,904 204 1,723 — 4,831 Asia Pacific 1,989 339 1,567 — 3,895 Total revenues $ 20,984 $ 8,866 $ 16,191 $ (714) $ 45,327 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 March 30, 2024, $0.3 billion was recognized related to performance obligations satisfied as of December 30, 2023. For the six months ended March 30, 2024, $0.6 billion was recognized related to performance obligations satisfied as of September 30, 2023. For the quarter ended April 1, 2023, $0.7 billion was recognized related to performance obligations satisfied as of December 31, 2022. For the six months ended April 1, 2023, $0.5 billion was recognized related to performance obligations satisfied as of October 1, 2022. As of March 30, 2024, 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 $4 billion in the remainder of fiscal 2024, $5 billion in fiscal 2025, $3 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: March 30, September 30, Accounts receivable Current $ 9,975 $ 10,279 Non-current 1,128 1,212 Allowance for credit losses (135) (154) Deferred revenues Current 6,156 5,568 Non-current 910 977 For the quarter and six months ended March 30, 2024, the Company recognized revenue of $0.9 billion and $4.4 billion, respectively, that was included in the September 30, 2023 deferred revenue balance. For the quarter and six months ended April 1, 2023, the Company recognized revenue of $0.9 billion and $4.3 billion, respectively, 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 $0.4 billion at March 30, 2024 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 March 30, 2024 and September 30, 2023. The allowance for credit losses for TV/VOD licensing and vacation club receivables and related activity for the periods ended March 30, 2024 and September 30, 2023 were not material.

Dispositions

Dispositions	6 Months Ended
	Mar. 30, 2024
Discontinued Operations and Disposal Groups [Abstract]
Disposal Groups, Including Discontinued Operations, Disclosure	Dispositions On February 28, 2024, Star India Private Limited (Star India), a subsidiary of the Company, entered into a binding definitive agreement with Reliance Industries Limited (RIL) and Viacom 18 Media Private Limited (Viacom 18), which is majority owned and controlled by RIL, to form a joint venture that will combine the businesses of Viacom18 and Star India consisting of entertainment and sports pay TV and free-to-air networks, DTC services, library content and certain production businesses (the Star India Transaction). RIL will have an effective 56% controlling interest in the joint venture with 37% held by the Company, and 7% by Bodhi Tree Systems, a third party investment company. The Star India Transaction is expected to close in the first half of calendar year 2025, subject to customary closing conditions, including regulatory approvals and government consents. If closing has not occurred by February 28, 2026, Star India or RIL may terminate the transaction. Star India’s assets and liabilities (see table that follows) are presented as held for sale in the Condensed Consolidated Balance Sheets. The carrying amount of Star India exceeded its fair value and we recognized a non-cash goodwill impairment charge of $1.3 billion in “Restructuring and impairment charges” in the Condensed Consolidated Statements of Operations to reflect Star India at its fair value less costs to sell. The measurement of this impairment charge includes non-cash cumulative foreign currency translation losses of approximately $0.8 billion. Assets and liabilities of Star India are classified as held for sale in the Condensed Consolidated Balance Sheets as of March 30, 2024 as follows: Receivables and other current assets $ 821 Content advances 63 Total current assets 884 Produced and licensed content costs 667 Property and equipment, net 67 Intangible assets, net 760 Goodwill 1,110 Other assets 680 Total assets (1) $ 4,168 Accounts payable and other accrued liabilities $ 430 Deferred revenue and other 86 Total current liabilities 516 Other long-term liabilities 382 Total liabilities (1) $ 898 (1) Total current assets and non-current assets held for sale are included in “Other current assets” and “Other assets,” respectively, in the Condensed Consolidated Balance Sheets. Total current liabilities and non-current liabilities held for sale are included in “Deferred revenue and other” and “Other long-term liabilities” in the Condensed Consolidated Balance Sheets. These assets and liabilities are subject to change through closing. Goodwill The changes in the carrying amount of goodwill are as follows: Entertainment Sports Experiences Star India Total Balance at September 30, 2023 $ 55,031 $ 16,486 $ 5,550 $ — $ 77,067 Allocation to Star India (2,445) — — 2,445 — Impairment (1) (703) — — (1,335) (2,038) Reclassification to held for sale — — — (1,110) (1,110) Currency translation adjustments and other, net (5) — — — (5) Balance at March 30, 2024 $ 51,878 $ 16,486 $ 5,550 $ — $ 73,914 (1) Reflects impairments related to entertainment linear networks and Star India (see Note 17).

Other Income, Net

Other Income, Net	6 Months Ended
	Mar. 30, 2024
Other Income and Expenses [Abstract]
Other Income and Other Expense Disclosure [Text Block]	Other Income, net Other income, net is as follows: Quarter Ended Six Months Ended March 30, April 1, March 30, April 1, DraftKings gain $ — $ 149 $ — $ 79 Other — — — 28 Other income, net $ — $ 149 $ — $ 107 In the prior-year quarter and six months ended April 1, 2023, the Company recognized a non-cash gain of $149 million and $79 million, respectively, to adjust its investment in DraftKings, Inc. (DraftKings) to fair value.

Cash, Cash Equivalents, Restric

Cash, Cash Equivalents, Restricted Cash and Borrowings	6 Months Ended
	Mar. 30, 2024
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. March 30, September 30, Cash and cash equivalents $ 6,635 $ 14,182 Restricted cash included in other assets 91 53 Total cash, cash equivalents and restricted cash in the statement of cash flows $ 6,726 $ 14,235 Borrowings During the six months ended March 30, 2024, the Company’s borrowing activity was as follows: September 30, Borrowings Payments Other March 30, Commercial paper with original maturities less than three months $ 289 $ 417 $ — $ (1) $ 705 Commercial paper with original maturities greater than three months 1,187 1,224 (1,599) 2 814 U.S. dollar denominated notes 43,504 — (584) (73) 42,847 Asia Theme Parks borrowings 1,308 — (13) 44 1,339 Foreign currency denominated debt and other (1) 143 133 (48) 366 594 $ 46,431 $ 1,774 $ (2,244) $ 338 $ 46,299 (1) The other activity is attributable to market value adjustments for debt with qualifying hedges. At March 30, 2024, 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 February 2025 $ 5,250 $ — $ 5,250 Facility expiring March 2027 4,000 — 4,000 Facility expiring March 2029 3,000 — 3,000 Total $ 12,250 $ — $ 12,250 In March 2024, the Company refinanced two bank facilities with committed capacity of $5.25 billion and $3.0 billion, which were scheduled to expire in March 2024 and March 2025, respectively. The new bank facilities are set to expire in February 2025 and March 2029, respectively. 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 March 30, 2024, 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 March 30, 2024, the Company has $1.6 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 10) are reported net in the Condensed Consolidated Statements of Operations and consist of the following: Quarter Ended Six Months Ended March 30, April 1, March 30, April 1, Interest expense $ (501) $ (504) $ (1,029) $ (969) Interest and investment income 87 98 269 177 Net periodic pension and postretirement benefit costs (other than service costs) 103 84 203 170 Interest expense, net $ (311) $ (322) $ (557) $ (622) 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	6 Months Ended
	Mar. 30, 2024
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: March 30, September 30, Cash and cash equivalents $ 516 $ 504 Other current assets 191 159 Total current assets 707 663 Parks, resorts and other property 6,089 6,150 Other assets 217 234 Total assets $ 7,013 $ 7,047 Current liabilities $ 607 $ 720 Long-term borrowings 1,339 1,308 Other long-term liabilities 394 392 Total liabilities $ 2,340 $ 2,420 The following table summarizes the International Theme Parks’ revenues and costs and expenses included in the Company’s Condensed Consolidated Statements of Operations for the six months ended March 30, 2024: Revenues $ 2,789 Costs and expenses (2,321) Asia Theme Parks’ royalty and management fees of $153 million for the six months ended March 30, 2024 are eliminated in consolidation, but are considered in calculating earnings attributable to noncontrolling interests. International Theme Parks’ cash flows included in the Company’s Condensed Consolidated Statements of Cash Flows for the six months ended March 30, 2024 were $733 million provided by operating activities, $464 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 $169 million and $113 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 ($345 million) that bears interest at a rate of three month HIBOR plus 1.25% and matures in December 2028. The line of credit does not have a balance outstanding. 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 $982 million, bearing interest at rates up to 8% and maturing in 2036, with early repayment permitted. The loan is eliminated in consolidation. 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 does not have a balance outstanding. Shendi has provided Shanghai Disney Resort with loans totaling 8.9 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 does not have a balance outstanding.

Produced and Acquired_Licensed

Produced and Acquired/Licensed Content Costs and Advances	6 Months Ended
	Mar. 30, 2024
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 March 30, 2024 As of September 30, 2023 Predominantly Predominantly Total Predominantly Predominantly Total Produced content Released, less amortization $ 4,685 $ 13,799 $ 18,484 $ 4,968 $ 13,555 $ 18,523 Completed, not released 70 1,201 1,271 70 1,786 1,856 In-process 3,848 5,571 9,419 3,331 6,120 9,451 In development or pre-production 345 93 438 279 133 412 $ 8,948 $ 20,664 29,612 $ 8,648 $ 21,594 30,242 Licensed content - Television programming rights and advances 4,899 6,351 Total produced and licensed content $ 34,511 $ 36,593 Current portion $ 1,921 $ 3,002 Non-current portion $ 32,590 $ 33,591 Amortization of produced and licensed content is as follows: Quarter Ended Six Months Ended March 30, April 1, March 30, April 1, Produced content Predominantly monetized individually $ 611 $ 1,006 $ 1,379 $ 2,163 Predominantly monetized as a group 1,752 1,952 3,546 4,112 2,363 2,958 4,925 6,275 Licensed programming rights and advances 3,366 3,196 7,956 7,735 Total produced and licensed content costs (1) $ 5,729 $ 6,154 $ 12,881 $ 14,010 (1) Primarily included in “Costs of services” in the Condensed Consolidated Statements of Operations.

Income Taxes

Income Taxes	6 Months Ended
	Mar. 30, 2024
Income Tax Disclosure [Abstract]
Income Tax Disclosure	Income Taxes Deferred Tax Assets and Liabilities The Company records deferred income tax assets and liabilities with respect to temporary differences in accounting treatment of items for financial reporting purposes and income tax purposes. The Company’s deferred tax assets and liabilities by major category as of March 30, 2024 and September 30, 2023 were as follows: March 30, 2024 September 30, 2023 Deferred tax assets Net operating losses and tax credit carryforwards (1) $ (3,465) $ (3,841) Accrued liabilities (1,289) (1,335) Lease liabilities (820) (852) Licensing revenues (110) (115) Other (684) (623) Total deferred tax assets (6,368) (6,766) Deferred tax liabilities Depreciable, amortizable and other property 7,266 7,581 Investment in subsidiaries / equity investees (2) 1,547 1,753 Right-of-use lease assets 720 751 Other 72 81 Total deferred tax liabilities 9,605 10,166 Net deferred tax liability before valuation allowance 3,237 3,400 Valuation allowance 3,017 3,187 Net deferred tax liability $ 6,254 $ 6,587 (1) Balances at March 30, 2024 and September 30, 2023 include approximately $1.5 billion and $1.6 billion, respectively, of International Theme Park net operating losses and include approximately $0.8 billion and $1.0 billion, respectively, of foreign tax credits in the U.S. The International Theme Park net operating losses are primarily in France and, to a lesser extent, Hong Kong and China. Losses in France and Hong Kong have an indefinite carryforward period and losses in China have a five-year carryforward period. China theme park net operating losses of $0.1 billion, if not used, expire between fiscal 2025 and fiscal 2028. Foreign tax credits of $0.8 billion in the U.S. have a ten-year carryforward period and, if not used, expire beginning in fiscal 2028. (2) Deferred tax liabilities on investment in subsidiaries / equity investees are, in part, due to the tax status of these entities. If the Company were to change the tax status of certain legal entities, a significant portion of these deferred taxes may reverse. Valuation Allowance The Company records deferred income tax assets and liabilities with respect to temporary differences in the accounting treatment of items for financial reporting purposes and for income tax purposes. Where, based on the weight of available evidence, it is more likely than not that some amount of recorded deferred tax assets will not be realized, a valuation allowance is established for the amount that, in management’s judgment, is sufficient to reduce the deferred tax asset to an amount that is more likely than not to be realized. The Company’s valuation allowance decreased by $0.2 billion, from $3.2 billion at September 30, 2023 to $3.0 billion at March 30, 2024. Unrecognized Tax Benefits The Company’s gross unrecognized tax benefits (before interest and penalties) decreased $0.1 billion, from $2.5 billion at September 30, 2023 to $2.4 billion at March 30, 2024. In the next twelve months, it is reasonably possible that our unrecognized tax benefits could change due to resolutions of open tax matters, which would reduce our unrecognized tax benefits by $0.5 billion.

Pension and Other Benefit Progr

Pension and Other Benefit Programs	6 Months Ended
	Mar. 30, 2024
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 Six Months Ended Quarter Ended Six Months Ended Mar. 30, Apr. 1, Mar. 30, Apr. 1, Mar. 30, Apr. 1, Mar. 30, Apr. 1, Service costs $ 63 $ 63 $ 125 $ 128 $ — $ 2 $ — $ 3 Other costs (benefits): Interest costs 209 195 417 391 13 21 27 41 Expected return on plan assets (285) (287) (569) (575) (15) (15) (29) (30) Amortization of previously deferred service costs 2 3 4 5 (23) — (45) — Recognized net actuarial loss 5 4 10 9 (9) (5) (18) (11) Total other costs (benefits) (69) (85) (138) (170) (34) 1 (65) — Net periodic benefit cost (income) $ (6) $ (22) $ (13) $ (42) $ (34) $ 3 $ (65) $ 3 During the six months ended March 30, 2024, 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	6 Months Ended
	Mar. 30, 2024
Earnings Per Share [Abstract]
Earnings Per Share	Earnings Per Share Diluted earnings per share amounts are based upon the weighted average number of common and common equivalent shares outstanding during the period and are calculated using the treasury stock method for equity-based compensation awards (Awards). A reconciliation of the weighted average number of common and common equivalent shares outstanding and the number of Awards excluded from the diluted earnings per share calculation, as they were anti-dilutive, are as follows: Quarter Ended Six Months Ended March 30, April 1, March 30, April 1, Shares (in millions): Weighted average number of common and common equivalent shares outstanding (basic) 1,834 1,828 1,833 1,827 Weighted average dilutive impact of Awards (1) — 3 5 2 Weighted average number of common and common equivalent shares outstanding (diluted) 1,834 1,831 1,838 1,829 Awards excluded from diluted earnings per share 27 25 30 25 (1) Amounts exclude all potential common and common equivalent shares for periods when there is a net loss from continuing operations.

Equity

Equity	6 Months Ended
	Mar. 30, 2024
Equity [Abstract]
Equity	Equity On November 30, 2023, the Board of Directors declared a cash dividend of $0.30 per share ($0.5 billion) 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 (estimated at $0.8 billion) 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. During the quarter and six months ended March 30, 2024, the Company repurchased 9 million shares of its common stock for $1.0 billion (amount excludes the one percent excise tax on stock repurchases imposed by the Inflation Reduction Act of 2022). As of March 30, 2024, the Company had remaining authorization in place to repurchase approximately 391 million additional shares. 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 Unrecognized Foreign AOCI AOCI, before tax Second quarter of fiscal 2024 Balance at December 30, 2023 $ (158) $ (2,199) $ (1,837) $ (4,194) Quarter Ended March 30, 2024: Unrealized gains (losses) arising during the period 244 (6) (107) 131 Reclassifications of realized net (gains) losses to net income (92) (24) — (116) Balance at March 30, 2024 $ (6) $ (2,229) $ (1,944) $ (4,179) Second quarter of fiscal 2023 Balance at December 31, 2022 $ 111 $ (3,769) $ (1,826) $ (5,484) Quarter Ended April 1, 2023: Unrealized gains (losses) arising during the period 7 71 125 203 Reclassifications of realized net (gains) losses to net income (116) 1 — (115) Balance at April 1, 2023 $ 2 $ (3,697) $ (1,701) $ (5,396) Six months ended fiscal 2024 Balance at September 30, 2023 $ 259 $ (2,172) $ (1,974) $ (3,887) Six Months Ended March 30, 2024: Unrealized gains (losses) arising during the period (33) (9) 30 (12) Reclassifications of realized net (gains) losses to net income (232) (48) — (280) Balance at March 30, 2024 $ (6) $ (2,229) $ (1,944) $ (4,179) Six months ended fiscal 2023 Balance at October 1, 2022 $ 804 $ (3,770) $ (2,014) $ (4,980) Six Months Ended April 1, 2023: Unrealized gains (losses) arising during the period (468) 71 271 (126) Reclassifications of realized net (gains) losses to net income (334) 2 42 (290) Balance at April 1, 2023 $ 2 $ (3,697) $ (1,701) $ (5,396) Market Value Unrecognized Foreign AOCI Tax on AOCI Second quarter of fiscal 2024 Balance at December 30, 2023 $ 34 $ 523 $ 135 $ 692 Quarter Ended March 30, 2024: Unrealized gains (losses) arising during the period (58) — 9 (49) Reclassifications of realized net (gains) losses to net income 21 6 — 27 Balance at March 30, 2024 $ (3) $ 529 $ 144 $ 670 Second quarter of fiscal 2023 Balance at December 31, 2022 $ (28) $ 901 $ 133 $ 1,006 Quarter Ended April 1, 2023: Unrealized gains (losses) arising during the period — (16) (10) (26) Reclassifications of realized net (gains) losses to net income 27 — — 27 Balance at April 1, 2023 $ (1) $ 885 $ 123 $ 1,007 Six months ended fiscal 2024 Balance at September 30, 2023 $ (64) $ 517 $ 142 $ 595 Six Months Ended March 30, 2024: Unrealized gains (losses) arising during the period 8 — 2 10 Reclassifications of realized net (gains) losses to net income 53 12 — 65 Balance at March 30, 2024 $ (3) $ 529 $ 144 $ 670 Six months ended fiscal 2023 Balance at October 1, 2022 $ (179) $ 901 $ 139 $ 861 Six Months Ended April 1, 2023: Unrealized gains (losses) arising during the period 100 (16) (2) 82 Reclassifications of realized net (gains) losses to net income 78 — (14) 64 Balance at April 1, 2023 $ (1) $ 885 $ 123 $ 1,007 Market Value Unrecognized Foreign AOCI AOCI, after tax Second quarter of fiscal 2024 Balance at December 30, 2023 $ (124) $ (1,676) $ (1,702) $ (3,502) Quarter Ended March 30, 2024: Unrealized gains (losses) arising during the period 186 (6) (98) 82 Reclassifications of realized net (gains) losses to net income (71) (18) — (89) Balance at March 30, 2024 $ (9) $ (1,700) $ (1,800) $ (3,509) Second quarter of fiscal 2023 Balance at December 31, 2022 $ 83 $ (2,868) $ (1,693) $ (4,478) Quarter Ended April 1, 2023: Unrealized gains (losses) arising during the period 7 55 115 177 Reclassifications of realized net (gains) losses to net income (89) 1 — (88) Balance at April 1, 2023 $ 1 $ (2,812) $ (1,578) $ (4,389) Six months ended fiscal 2024 Balance at September 30, 2023 $ 195 $ (1,655) $ (1,832) $ (3,292) Six Months Ended March 30, 2024: Unrealized gains (losses) arising during the period (25) (9) 32 (2) Reclassifications of realized net (gains) losses to net income (179) (36) — (215) Balance at March 30, 2024 $ (9) $ (1,700) $ (1,800) $ (3,509) Six months ended fiscal 2023 Balance at October 1, 2022 $ 625 $ (2,869) $ (1,875) $ (4,119) Six Months Ended April 1, 2023: Unrealized gains (losses) arising during the period (368) 55 269 (44) Reclassifications of realized net (gains) losses to net income (256) 2 28 (226) Balance at April 1, 2023 $ 1 $ (2,812) $ (1,578) $ (4,389) 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 Six Months Ended March 30, April 1, March 30, April 1, Market value adjustments, primarily cash flow hedges Primarily revenue $ 92 $ 116 $ 232 $ 334 Estimated tax Income taxes (21) (27) (53) (78) 71 89 179 256 Pension and postretirement medical expense Interest expense, net 24 (1) 48 (2) Estimated tax Income taxes (6) — (12) — 18 (1) 36 (2) Foreign currency translation and other Restructuring and impairment charges — — — (42) Estimated tax Income taxes — — — 14 — — — (28) Total reclassifications for the period $ 89 $ 88 $ 215 $ 226

Equity-Based Compensation

Equity-Based Compensation	6 Months Ended
	Mar. 30, 2024
Share-Based Payment Arrangement [Abstract]
Equity-Based Compensation	Equity-Based Compensation Compensation expense related to stock options and restricted stock units (RSUs) is as follows: Quarter Ended Six Months Ended March 30, April 1, March 30, April 1, Stock options $ 20 $ 20 $ 37 $ 39 RSUs 347 280 638 531 Total equity-based compensation expense (1) $ 367 $ 300 $ 675 $ 570 Equity-based compensation expense capitalized during the period $ 58 $ 37 $ 102 $ 73 (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 $115 million and $2.4 billion, respectively, as of March 30, 2024. During the six months ended March 30, 2024 and April 1, 2023, the weighted average grant date fair values for options granted were $32.10 and $34.72, respectively, and for RSUs were $94.25 and $92.07, respectively. During the six months ended March 30, 2024, the Company made equity compensation grants consisting of 2.7 million stock options and 16.1 million RSUs.

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Mar. 30, 2024
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. Plaintiffs seek unspecified damages, plus interest and costs and fees. 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 filed its reply brief on March 5, 2024. The lawsuit is in the early stages and at this time we cannot reasonably estimate the amount of any possible 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 similar allegations as the Securities Class Action, plaintiffs seek to recover under various theories including 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 and the McAdams action was stayed under an order entered February 20, 2024. The actions seek declarative and injunctive relief, an award of unspecified damages to The Walt Disney Company and other costs and fees. 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 possible loss. On November 18, 2022, a private antitrust putative class action lawsuit was filed in the U.S. District Court for the Northern District of California against the Company on behalf of a putative class of certain subscribers to YouTube TV (the “Biddle Action”). The plaintiffs in the Biddle Action asserted a claim under Section 1 of the Sherman Act based on allegations that Disney uses certain pricing and packaging provisions in its carriage agreements with virtual multichannel video distributors (“vMVPDs”) to increase prices for and reduce output of certain services offered by vMVPDs. On November 30, 2022, a second private antitrust putative class action lawsuit was filed in the U.S. District Court for the Northern District of California against the Company on behalf of a putative class of certain subscribers to DirecTV Stream (the “Fendelander Action”). The plaintiffs in the Fendelander Action asserted a claim under Section 1 of the Sherman Act based on substantially similar allegations as the Biddle Action. The Company filed motions to dismiss for failure to state a claim in both the Biddle Action and Fendelander Action on January 31, 2023. The plaintiffs in both cases filed their oppositions on April 7, 2023, the Company filed reply briefs on May 12, 2023, and the court heard oral argument on the Company’s motions to dismiss on July 13, 2023. On September 30, 2023, the court issued an order granting in part and denying in part the Company’s motions to dismiss both cases and, on October 13, 2023, the court issued an order consolidating both cases. On October 16, 2023, plaintiffs filed a consolidated amended putative class action complaint (the “Consolidated Complaint”). The Consolidated Complaint asserts claims under Section 1 of the Sherman Act and certain Arizona, California, Florida, Illinois, Iowa, Massachusetts, Michigan, Nevada, New York, North Carolina, and Tennessee antitrust laws based on substantially similar allegations as the Biddle Action and the Fendelander Action. The Consolidated Complaint seeks injunctive relief, unspecified money damages and costs and fees. The Company intends to defend against the lawsuits vigorously and filed a motion to dismiss the Consolidated Complaint for failure to state a claim on December 1, 2023. The plaintiffs filed their opposition on January 5, 2024, the Company filed its reply brief on February 2, 2024, and the court heard oral argument on the Company’s motion to dismiss on February 15, 2024. A decision on the Company’s motion to dismiss the Consolidated Complaint remains pending. The consolidated lawsuit is in the early stages, and at this time we cannot reasonably estimate the amount of any possible loss. On February 20, 2024, a private antitrust lawsuit was filed in the U.S. District Court for the Southern District of New York against the Company (including affiliates ESPN, Inc., ESPN Enterprises, Inc., and Hulu, LLC), Fox Corporation, and Warner Bros. Discovery, Inc. (collectively, “Defendants”), by fuboTV Inc. and fuboTV Media Inc. (together, “Fubo”). Fubo asserts claims under Section 1 of the Sherman Act, Section 7 of the Clayton Act, and New York antitrust law based on the theories that (a) a planned joint venture between ESPN, Inc., Fox Corporation, and Warner Bros. Discovery, Inc., which will distribute certain of Defendants’ linear networks to consumers (the “Sports Streaming JV”), will harm competition in an alleged market for the licensing of networks that offer live sports content, (b) certain alleged practices by which the Company and Fox Corporation license their networks to vMVPDs as a bundle increase prices and reduce output for services offered by vMVPDs, and (c) certain alleged pricing provisions in Defendants’ carriage agreements with YouTube TV and Hulu + Live TV increase prices for services offered by vMVPDs. On April 8, 2024, Fubo filed a motion for a preliminary injunction against Defendants to prevent the formation of the Sports Streaming JV. Defendants may file their opposition to Fubo’s motion for preliminary injunction by July 25, 2024, and Fubo may file a reply by August 1, 2024, with the hearing on Fubo’s motion for preliminary injunction scheduled to begin on August 7, 2024. Fubo further seeks injunctive relief, unspecified money damages and costs and fees. The Company filed a motion to dismiss Fubo’s complaint on April 10, 2024. On April 29, 2024, Fubo filed an amended complaint to add allegations of a purported market for “skinny sports bundles”, which Fubo claims the Sports Streaming JV will monopolize after its launch. The court has stayed the Defendants’ obligation to answer or move to dismiss Fubo’s amended complaint until after resolution of Fubo’s motion for a preliminary injunction. The Company intends to defend against the lawsuit vigorously. The lawsuit is in its early stages, and at this time we cannot reasonably estimate the amount of any possible 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. Commitments In April 2024, the Company acquired an incremental 5% interest in Epic Games, Inc. (“Epic”), a video game and software developer and publisher, in exchange for $1.0 billion. The Company is committed to acquire an additional 2% interest for $0.5 billion in July 2024, which will bring the Company’s total interest in Epic to approximately 8%.

Fair Value Measurements

Fair Value Measurements	6 Months Ended
	Mar. 30, 2024
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 March 30, 2024 Level 1 Level 2 Level 3 Total Assets Investments $ — $ 92 $ — $ 92 Derivatives Foreign exchange — 748 — 748 Other — 12 — 12 Liabilities Derivatives Interest rate — (1,446) — (1,446) Foreign exchange — (421) — (421) Other — (540) — (540) Total recorded at fair value $ — $ (1,555) $ — $ (1,555) Fair value of borrowings $ — $ 41,956 $ 1,448 $ 43,404 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. The Company’s derivative financial instruments are discussed in Note 16. 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. Non-recurring Fair Value Measure The Company also has assets that may be required to be recorded at fair value on a non-recurring basis. These assets are evaluated when certain triggering events occur (including a decrease in estimated future cash flows) that indicate their carrying amounts may not be recoverable. In the second quarter of fiscal 2024, the Company recorded impairment charges for goodwill as disclosed in Notes 4 and 17. The fair value of these assets were determined using their estimated discounted future cash flows, which is a Level 3 valuation technique (see Note 17 for a discussion of the more significant inputs used in our discounted cash flow analysis).

Derivative Instruments

Derivative Instruments	6 Months Ended
	Mar. 30, 2024
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 (see Note 15) are summarized in the following tables: As of March 30, 2024 Current Investments/ Other Current Other Long- Derivatives designated as hedges Foreign exchange $ 468 $ 203 $ (147) $ (66) Interest rate — — (1,446) — Other 3 2 — — Derivatives not designated as hedges Foreign exchange 76 1 (207) (1) Other 7 92 — — Gross fair value of derivatives 554 298 (1,800) (67) Counterparty netting (397) (172) 506 63 Cash collateral (received) paid (45) — 983 — Net derivative positions $ 112 $ 126 $ (311) $ (4) As of September 30, 2023 Current Investments/ Other Current 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 March 30, 2024 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 March 30, September 30, March 30, September 30, Borrowings: Current $ 2,842 $ 1,439 $ (78) $ (59) Long-term 9,716 10,748 (1,317) (1,694) $ 12,558 $ 12,187 $ (1,395) $ (1,753) The following amounts are included in “Interest expense, net” in the Condensed Consolidated Statements of Operations: Quarter Ended Six Months Ended March 30, April 1, March 30, April 1, Gain (loss) on: Pay-floating swaps $ (89) $ 235 $ 343 $ 306 Borrowings hedged with pay-floating swaps 89 (235) (343) (306) Benefit (expense) associated with interest accruals on pay-floating swaps (153) (125) (307) (220) 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 March 30, 2024 or at September 30, 2023, and gains and losses related to pay-fixed interest rate swaps recognized in earnings for the quarters ended March 30, 2024 and April 1, 2023 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 March 30, 2024 and September 30, 2023, the notional amounts of the Company’s net foreign exchange cash flow hedges were $9.8 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 $309 million. The following table summarizes the effect of foreign exchange cash flow hedges on AOCI: Quarter Ended Six Months Ended March 30, April 1, March 30, April 1, Gain (loss) recognized in Other Comprehensive Income $ 237 $ 15 $ (27) $ (487) Gain (loss) reclassified from AOCI into the Statements of Operations (1) 93 116 234 338 (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 March 30, 2024 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 March 30, 2024 and April 1, 2023. 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 amount of these foreign exchange contracts at both March 30, 2024 and September 30, 2023 was $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 Operations: Costs and expenses Interest expense, net Income taxes Quarter Ended: March 30, April 1, March 30, April 1, March 30, April 1, Net gains (losses) on foreign currency denominated assets and liabilities $ (103) $ 15 $ 21 $ (2) $ 7 $ (21) Net gains (losses) on foreign exchange risk management contracts not designated as hedges 87 (47) (23) 1 (20) 17 Net gains (losses) $ (16) $ (32) $ (2) $ (1) $ (13) $ (4) Six Months Ended: Net gains (losses) on foreign currency denominated assets and liabilities $ (68) $ 160 $ (2) $ (20) $ (39) $ (109) Net gains (losses) on foreign exchange risk management contracts not designated as hedges (39) (260) (2) 19 22 87 Net gains (losses) $ (107) $ (100) $ (4) $ (1) $ (17) $ (22) 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 March 30, 2024 and September 30, 2023 and related gains or losses recognized in earnings for the quarters ended March 30, 2024 and April 1, 2023 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 March 30, 2024 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 March 30, 2024 and April 1, 2023. 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 $1.3 billion and $1.6 billion at March 30, 2024 and September 30, 2023, respectively.

Restructuring and Impairment Ch

Restructuring and Impairment Charges	6 Months Ended
	Mar. 30, 2024
Restructuring and Related Activities [Abstract]
Restructuring and Related Activities Disclosure	Restructuring and Impairment Charges Goodwill Impairments In the second quarter of fiscal 2024, as a result of Star India assets and liabilities being classified as held for sale (see Note 4), they have been removed from the entertainment goodwill reporting units along with a proportional amount of goodwill. As a result, we evaluated the residual goodwill at our entertainment DTC services and linear networks reporting units for impairment. Star sports was a standalone reporting unit which did not have any goodwill. The evaluation resulted in a $0.7 billion non-cash charge for impairment of goodwill at our entertainment linear networks reporting unit. Goodwill was not impaired at the entertainment DTC services reporting unit. The impairment evaluation compares the reporting unit’s carrying value to its fair value, which is based on estimated discounted future cash flows. These future cash flows are based on internal forecasts, which consider projected inflation and other economic indicators, as well as industry growth projections. Significant judgments and assumptions in the discounted cash flow model relate to future revenues and certain operating expenses, terminal growth rates and discount rates. Discount rates are determined based on the inherent risks of the underlying operations. We believe our estimates are consistent with how a marketplace participant would value our reporting units. In addition, we recorded a $1.3 billion non-cash goodwill impairment charge related to the Star India Transaction (see Note 4 for additional information). Both of these charges were recorded in “Restructuring and impairment charges” in the Condensed Consolidated Statements of Operations. Other Restructuring In the prior-year quarter ended April 1, 2023, the Company recognized restructuring charges of $152 million primarily for severance costs. The six months ended April 1, 2023 included charges of $221 million primarily for severance costs and costs related to exiting our businesses in Russia. These charges are recorded in “Restructuring and impairment charges” in the Condensed Consolidated Statements of Operations.

New Accounting Pronouncements

New Accounting Pronouncements	6 Months Ended
	Mar. 30, 2024
Accounting Standards Update and Change in Accounting Principle [Abstract]
New Accounting Pronouncements	New Accounting Pronouncements and Other Disclosure Rules Improvements to Reportable Segments Disclosures In November 2023, the FASB issued guidance to enhance 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 to enhance income tax disclosures. The new guidance requires an expanded effective tax rate reconciliation, the disclosure of cash taxes paid segregated between U.S. federal, U.S. state and foreign, with further disaggregation by jurisdiction if certain thresholds are met 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. Enhancement and Standardization of Climate-Related Disclosures In March 2024, the Securities and Exchange Commission adopted new rules that will require disclosure of: • Certain climate-related information including climate-related risks, targets, and goals that are reasonably likely to have a material impact, as applicable, on a company’s strategy, business, results of operations or financial condition; • Certain greenhouse gas emissions, if material; and • Certain financial information regarding the effects of severe weather events and other natural conditions, within the notes to the financial statements The new rules are applicable to annual reporting periods and will be phased in beginning with the Company’s 2026 fiscal year. In April 2024, given pending legal challenges, the Securities and Exchange Commission issued an order to voluntarily stay the new rules. The Company is evaluating the impacts of the new rules on its financial statement disclosures.

Segment Information (Tables)

Segment Information (Tables)	6 Months Ended
	Mar. 30, 2024
Financial Information by Operating Segments	Segment revenues and segment operating income are as follows: Quarter Ended Six Months Ended March 30, April 1, March 30, April 1, Revenues: Entertainment Third parties $ 9,691 $ 10,212 $ 19,572 $ 20,796 Intersegment 105 97 205 188 9,796 10,309 19,777 20,984 Sports Third parties 3,999 3,957 8,535 8,340 Intersegment 313 269 612 526 4,312 4,226 9,147 8,866 Experiences 8,393 7,646 17,525 16,191 Eliminations (418) (366) (817) (714) Total segment revenues $ 22,083 $ 21,815 $ 45,632 $ 45,327 Segment operating income: Entertainment $ 781 $ 455 $ 1,655 $ 800 Sports 778 794 675 630 Experiences 2,286 2,036 5,391 4,898 Total segment operating income (1) $ 3,845 $ 3,285 $ 7,721 $ 6,328 (1) Equity in the income of investees is included in segment operating income as follows: Quarter Ended Six Months Ended March 30, April 1, March 30, April 1, Entertainment $ 138 $ 160 $ 309 $ 353 Sports 6 16 19 19 Experiences — — — (2) Equity in the income of investees included in segment operating income 144 176 328 370 Amortization of TFCF intangible assets related to equity investees (3) (3) (6) (6) Equity in the income of investees, net $ 141 $ 173 $ 322 $ 364
Equity In Income of Investees By Segment	Equity in the income of investees is included in segment operating income as follows: Quarter Ended Six Months Ended March 30, April 1, March 30, April 1, Entertainment $ 138 $ 160 $ 309 $ 353 Sports 6 16 19 19 Experiences — — — (2) Equity in the income of investees included in segment operating income 144 176 328 370 Amortization of TFCF intangible assets related to equity investees (3) (3) (6) (6) Equity in the income of investees, net $ 141 $ 173 $ 322 $ 364
Reconciliation of Segment Operating Income to Income before Income Taxes	A reconciliation of segment operating income to income before income taxes is as follows: Quarter Ended Six Months Ended March 30, April 1, March 30, April 1, Segment operating income $ 3,845 $ 3,285 $ 7,721 $ 6,328 Corporate and unallocated shared expenses (391) (279) (699) (559) Restructuring and impairment charges (1) (2,052) (152) (2,052) (221) Other income, net (2) — 149 — 107 Interest expense, net (311) (322) (557) (622) TFCF and Hulu acquisition amortization (3) (434) (558) (885) (1,137) Income before income taxes $ 657 $ 2,123 $ 3,528 $ 3,896 (1) See Note 17 for a discussion of amounts in restructuring and impairment charges. (2) See Note 5 for a discussion of amounts in other income, net. (3) TFCF and Hulu acquisition amortization is as follows: Quarter Ended Six Months Ended March 30, April 1, March 30, April 1, Amortization of intangible assets $ 362 $ 408 $ 742 $ 825 Step-up of film and television costs 69 147 137 306 Intangibles related to TFCF equity investees 3 3 6 6 $ 434 $ 558 $ 885 $ 1,137
Components of TFCF and Hulu Acquisition Amortization	TFCF and Hulu acquisition amortization is as follows: Quarter Ended Six Months Ended March 30, April 1, March 30, April 1, Amortization of intangible assets $ 362 $ 408 $ 742 $ 825 Step-up of film and television costs 69 147 137 306 Intangibles related to TFCF equity investees 3 3 6 6 $ 434 $ 558 $ 885 $ 1,137

Revenues (Tables)

Revenues (Tables)	6 Months Ended
	Mar. 30, 2024
Revenue from Contract with Customer [Abstract]
Disaggregation of Revenue by Major Source	The following table presents revenues by segment and major source: Quarter Ended March 30, 2024 Entertainment Sports Experiences Eliminations Total Subscription fees $ 4,805 $ 417 $ — $ — $ 5,222 Affiliate fees 1,759 2,678 — (299) 4,138 Advertising 1,771 950 — — 2,721 Theme park admissions — — 2,806 — 2,806 Resort and vacations — — 2,101 — 2,101 Retail and wholesale sales of merchandise, food and beverage — — 2,266 — 2,266 Merchandise licensing 136 — 652 — 788 TV/VOD distribution licensing 480 70 — — 550 Theatrical distribution licensing 123 — — — 123 Home entertainment 189 — — — 189 Other 533 197 568 (119) 1,179 $ 9,796 $ 4,312 $ 8,393 $ (418) $ 22,083 Quarter Ended April 1, 2023 Entertainment Sports Experiences Eliminations Total Subscription fees $ 4,225 $ 380 $ — $ — $ 4,605 Affiliate fees 1,925 2,766 — (277) 4,414 Advertising 1,782 781 1 — 2,564 Theme park admissions — — 2,428 — 2,428 Resort and vacations — — 1,949 — 1,949 Retail and wholesale sales of merchandise, food and beverage — — 2,142 — 2,142 Merchandise licensing 130 — 642 — 772 TV/VOD distribution licensing 803 102 — — 905 Theatrical distribution licensing 767 — — — 767 Home entertainment 202 — — — 202 Other 475 197 484 (89) 1,067 $ 10,309 $ 4,226 $ 7,646 $ (366) $ 21,815 Six Months Ended March 30, 2024 Entertainment Sports Experiences Eliminations Total Subscription fees $ 9,312 $ 832 $ — $ — $ 10,144 Affiliate fees 3,525 5,347 — (592) 8,280 Advertising 3,768 2,301 — — 6,069 Theme park admissions — — 5,788 — 5,788 Resort and vacations — — 4,219 — 4,219 Retail and wholesale sales of merchandise, food and beverage — — 4,743 — 4,743 Merchandise licensing 328 — 1,619 — 1,947 TV/VOD distribution licensing 1,016 127 — — 1,143 Theatrical distribution licensing 374 — — — 374 Home entertainment 398 — — — 398 Other 1,056 540 1,156 (225) 2,527 $ 19,777 $ 9,147 $ 17,525 $ (817) $ 45,632 Six Months Ended April 1, 2023 Entertainment Sports Experiences Eliminations Total Subscription fees $ 8,086 $ 759 $ — $ — $ 8,845 Affiliate fees 3,798 5,419 — (543) 8,674 Advertising 3,962 2,043 2 — 6,007 Theme park admissions — — 5,069 — 5,069 Resort and vacations — — 3,929 — 3,929 Retail and wholesale sales of merchandise, food and beverage — — 4,524 — 4,524 Merchandise licensing 321 — 1,594 — 1,915 TV/VOD distribution licensing 1,527 178 — — 1,705 Theatrical distribution licensing 1,907 — — — 1,907 Home entertainment 387 — — — 387 Other 996 467 1,073 (171) 2,365 $ 20,984 $ 8,866 $ 16,191 $ (714) $ 45,327
Disaggregation of Revenue by Geographical Markets	The following table presents revenues by segment and primary geographical markets: Quarter Ended March 30, 2024 Entertainment Sports Experiences Eliminations Total Americas $ 7,640 $ 4,115 $ 6,304 $ (418) $ 17,641 Europe 1,383 75 823 — 2,281 Asia Pacific 773 122 1,266 — 2,161 Total revenues $ 9,796 $ 4,312 $ 8,393 $ (418) $ 22,083 Quarter Ended April 1, 2023 Entertainment Sports Experiences Eliminations Total Americas $ 7,941 $ 4,008 $ 6,047 $ (366) $ 17,630 Europe 1,405 78 708 — 2,191 Asia Pacific 963 140 891 — 1,994 Total revenues $ 10,309 $ 4,226 $ 7,646 $ (366) $ 21,815 Six Months Ended March 30, 2024 Entertainment Sports Experiences Eliminations Total Americas $ 15,228 $ 8,473 $ 13,341 $ (817) $ 36,225 Europe 2,792 254 1,845 — 4,891 Asia Pacific 1,757 420 2,339 — 4,516 Total revenues $ 19,777 $ 9,147 $ 17,525 $ (817) $ 45,632 Six Months Ended April 1, 2023 Entertainment Sports Experiences Eliminations Total Americas $ 16,091 $ 8,323 $ 12,901 $ (714) $ 36,601 Europe 2,904 204 1,723 — 4,831 Asia Pacific 1,989 339 1,567 — 3,895 Total revenues $ 20,984 $ 8,866 $ 16,191 $ (714) $ 45,327
Contract with Customer, Asset and Liability	Accounts receivable and deferred revenues from contracts with customers are as follows: March 30, September 30, Accounts receivable Current $ 9,975 $ 10,279 Non-current 1,128 1,212 Allowance for credit losses (135) (154) Deferred revenues Current 6,156 5,568 Non-current 910 977

Dispositions (Tables)

Dispositions (Tables)	6 Months Ended
	Mar. 30, 2024
Discontinued Operations and Disposal Groups [Abstract]
Assets and Liabilities Held for Sale	Assets and liabilities of Star India are classified as held for sale in the Condensed Consolidated Balance Sheets as of March 30, 2024 as follows: Receivables and other current assets $ 821 Content advances 63 Total current assets 884 Produced and licensed content costs 667 Property and equipment, net 67 Intangible assets, net 760 Goodwill 1,110 Other assets 680 Total assets (1) $ 4,168 Accounts payable and other accrued liabilities $ 430 Deferred revenue and other 86 Total current liabilities 516 Other long-term liabilities 382 Total liabilities (1) $ 898 (1) Total current assets and non-current assets held for sale are included in “Other current assets” and “Other assets,” respectively, in the Condensed Consolidated Balance Sheets. Total current liabilities and non-current liabilities held for sale are included in “Deferred revenue and other” and “Other long-term liabilities” in the Condensed Consolidated Balance Sheets. These assets and liabilities are subject to change through closing.
Schedule of Goodwill	Goodwill The changes in the carrying amount of goodwill are as follows: Entertainment Sports Experiences Star India Total Balance at September 30, 2023 $ 55,031 $ 16,486 $ 5,550 $ — $ 77,067 Allocation to Star India (2,445) — — 2,445 — Impairment (1) (703) — — (1,335) (2,038) Reclassification to held for sale — — — (1,110) (1,110) Currency translation adjustments and other, net (5) — — — (5) Balance at March 30, 2024 $ 51,878 $ 16,486 $ 5,550 $ — $ 73,914 (1) Reflects impairments related to entertainment linear networks and Star India (see Note 17).

Other Income, Net (Tables)

Other Income, Net (Tables)	6 Months Ended
	Mar. 30, 2024
Other Income and Expenses [Abstract]
Other Nonoperating Income and Expense	Other income, net is as follows: Quarter Ended Six Months Ended March 30, April 1, March 30, April 1, DraftKings gain $ — $ 149 $ — $ 79 Other — — — 28 Other income, net $ — $ 149 $ — $ 107

Cash, Cash Equivalents, Restr_2

Cash, Cash Equivalents, Restricted Cash and Borrowings (Tables)	6 Months Ended
	Mar. 30, 2024
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. March 30, September 30, Cash and cash equivalents $ 6,635 $ 14,182 Restricted cash included in other assets 91 53 Total cash, cash equivalents and restricted cash in the statement of cash flows $ 6,726 $ 14,235
Borrowing Activity	During the six months ended March 30, 2024, the Company’s borrowing activity was as follows: September 30, Borrowings Payments Other March 30, Commercial paper with original maturities less than three months $ 289 $ 417 $ — $ (1) $ 705 Commercial paper with original maturities greater than three months 1,187 1,224 (1,599) 2 814 U.S. dollar denominated notes 43,504 — (584) (73) 42,847 Asia Theme Parks borrowings 1,308 — (13) 44 1,339 Foreign currency denominated debt and other (1) 143 133 (48) 366 594 $ 46,431 $ 1,774 $ (2,244) $ 338 $ 46,299 (1) The other activity is attributable to market value adjustments for debt with qualifying hedges.
Line of Credit Facilities	At March 30, 2024, 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 February 2025 $ 5,250 $ — $ 5,250 Facility expiring March 2027 4,000 — 4,000 Facility expiring March 2029 3,000 — 3,000 Total $ 12,250 $ — $ 12,250
Interest Expense, net	Interest expense (net of amounts capitalized), interest and investment income, and net periodic pension and postretirement benefit costs (other than service costs) (see Note 10) are reported net in the Condensed Consolidated Statements of Operations and consist of the following: Quarter Ended Six Months Ended March 30, April 1, March 30, April 1, Interest expense $ (501) $ (504) $ (1,029) $ (969) Interest and investment income 87 98 269 177 Net periodic pension and postretirement benefit costs (other than service costs) 103 84 203 170 Interest expense, net $ (311) $ (322) $ (557) $ (622)

International Theme Parks (Tabl

International Theme Parks (Tables)	6 Months Ended
	Mar. 30, 2024
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: March 30, September 30, Cash and cash equivalents $ 516 $ 504 Other current assets 191 159 Total current assets 707 663 Parks, resorts and other property 6,089 6,150 Other assets 217 234 Total assets $ 7,013 $ 7,047 Current liabilities $ 607 $ 720 Long-term borrowings 1,339 1,308 Other long-term liabilities 394 392 Total liabilities $ 2,340 $ 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 Operations for the six months ended March 30, 2024: Revenues $ 2,789 Costs and expenses (2,321)

Produced and Acquired_License_2

Produced and Acquired/Licensed Content Costs and Advances (Tables)	6 Months Ended
	Mar. 30, 2024
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 March 30, 2024 As of September 30, 2023 Predominantly Predominantly Total Predominantly Predominantly Total Produced content Released, less amortization $ 4,685 $ 13,799 $ 18,484 $ 4,968 $ 13,555 $ 18,523 Completed, not released 70 1,201 1,271 70 1,786 1,856 In-process 3,848 5,571 9,419 3,331 6,120 9,451 In development or pre-production 345 93 438 279 133 412 $ 8,948 $ 20,664 29,612 $ 8,648 $ 21,594 30,242 Licensed content - Television programming rights and advances 4,899 6,351 Total produced and licensed content $ 34,511 $ 36,593 Current portion $ 1,921 $ 3,002 Non-current portion $ 32,590 $ 33,591
Amortization of Produced and Licensed Content Costs	Amortization of produced and licensed content is as follows: Quarter Ended Six Months Ended March 30, April 1, March 30, April 1, Produced content Predominantly monetized individually $ 611 $ 1,006 $ 1,379 $ 2,163 Predominantly monetized as a group 1,752 1,952 3,546 4,112 2,363 2,958 4,925 6,275 Licensed programming rights and advances 3,366 3,196 7,956 7,735 Total produced and licensed content costs (1) $ 5,729 $ 6,154 $ 12,881 $ 14,010 (1) Primarily included in “Costs of services” in the Condensed Consolidated Statements of Operations.

Income Taxes (Tables)

Income Taxes (Tables)	6 Months Ended
	Mar. 30, 2024
Income Tax Disclosure [Abstract]
Schedule of Deferred Tax Assets and Liabilities	The Company’s deferred tax assets and liabilities by major category as of March 30, 2024 and September 30, 2023 were as follows: March 30, 2024 September 30, 2023 Deferred tax assets Net operating losses and tax credit carryforwards (1) $ (3,465) $ (3,841) Accrued liabilities (1,289) (1,335) Lease liabilities (820) (852) Licensing revenues (110) (115) Other (684) (623) Total deferred tax assets (6,368) (6,766) Deferred tax liabilities Depreciable, amortizable and other property 7,266 7,581 Investment in subsidiaries / equity investees (2) 1,547 1,753 Right-of-use lease assets 720 751 Other 72 81 Total deferred tax liabilities 9,605 10,166 Net deferred tax liability before valuation allowance 3,237 3,400 Valuation allowance 3,017 3,187 Net deferred tax liability $ 6,254 $ 6,587 (1) Balances at March 30, 2024 and September 30, 2023 include approximately $1.5 billion and $1.6 billion, respectively, of International Theme Park net operating losses and include approximately $0.8 billion and $1.0 billion, respectively, of foreign tax credits in the U.S. The International Theme Park net operating losses are primarily in France and, to a lesser extent, Hong Kong and China. Losses in France and Hong Kong have an indefinite carryforward period and losses in China have a five-year carryforward period. China theme park net operating losses of $0.1 billion, if not used, expire between fiscal 2025 and fiscal 2028. Foreign tax credits of $0.8 billion in the U.S. have a ten-year carryforward period and, if not used, expire beginning in fiscal 2028. (2) Deferred tax liabilities on investment in subsidiaries / equity investees are, in part, due to the tax status of these entities. If the Company were to change the tax status of certain legal entities, a significant portion of these deferred taxes may reverse.

Pension and Other Benefit Pro_2

Pension and Other Benefit Programs (Tables)	6 Months Ended
	Mar. 30, 2024
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 Six Months Ended Quarter Ended Six Months Ended Mar. 30, Apr. 1, Mar. 30, Apr. 1, Mar. 30, Apr. 1, Mar. 30, Apr. 1, Service costs $ 63 $ 63 $ 125 $ 128 $ — $ 2 $ — $ 3 Other costs (benefits): Interest costs 209 195 417 391 13 21 27 41 Expected return on plan assets (285) (287) (569) (575) (15) (15) (29) (30) Amortization of previously deferred service costs 2 3 4 5 (23) — (45) — Recognized net actuarial loss 5 4 10 9 (9) (5) (18) (11) Total other costs (benefits) (69) (85) (138) (170) (34) 1 (65) — Net periodic benefit cost (income) $ (6) $ (22) $ (13) $ (42) $ (34) $ 3 $ (65) $ 3

Earnings Per Share (Tables)

Earnings Per Share (Tables)	6 Months Ended
	Mar. 30, 2024
Earnings Per Share [Abstract]
Reconciliation of Weighted Average Number of Common and Common Equivalent Shares Outstanding and Awards Excluded from Diluted Earnings Per Share Calculation	A reconciliation of the weighted average number of common and common equivalent shares outstanding and the number of Awards excluded from the diluted earnings per share calculation, as they were anti-dilutive, are as follows: Quarter Ended Six Months Ended March 30, April 1, March 30, April 1, Shares (in millions): Weighted average number of common and common equivalent shares outstanding (basic) 1,834 1,828 1,833 1,827 Weighted average dilutive impact of Awards (1) — 3 5 2 Weighted average number of common and common equivalent shares outstanding (diluted) 1,834 1,831 1,838 1,829 Awards excluded from diluted earnings per share 27 25 30 25 (1) Amounts exclude all potential common and common equivalent shares for periods when there is a net loss from continuing operations.

Equity (Tables)

Equity (Tables)	6 Months Ended
	Mar. 30, 2024
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 Unrecognized Foreign AOCI AOCI, before tax Second quarter of fiscal 2024 Balance at December 30, 2023 $ (158) $ (2,199) $ (1,837) $ (4,194) Quarter Ended March 30, 2024: Unrealized gains (losses) arising during the period 244 (6) (107) 131 Reclassifications of realized net (gains) losses to net income (92) (24) — (116) Balance at March 30, 2024 $ (6) $ (2,229) $ (1,944) $ (4,179) Second quarter of fiscal 2023 Balance at December 31, 2022 $ 111 $ (3,769) $ (1,826) $ (5,484) Quarter Ended April 1, 2023: Unrealized gains (losses) arising during the period 7 71 125 203 Reclassifications of realized net (gains) losses to net income (116) 1 — (115) Balance at April 1, 2023 $ 2 $ (3,697) $ (1,701) $ (5,396) Six months ended fiscal 2024 Balance at September 30, 2023 $ 259 $ (2,172) $ (1,974) $ (3,887) Six Months Ended March 30, 2024: Unrealized gains (losses) arising during the period (33) (9) 30 (12) Reclassifications of realized net (gains) losses to net income (232) (48) — (280) Balance at March 30, 2024 $ (6) $ (2,229) $ (1,944) $ (4,179) Six months ended fiscal 2023 Balance at October 1, 2022 $ 804 $ (3,770) $ (2,014) $ (4,980) Six Months Ended April 1, 2023: Unrealized gains (losses) arising during the period (468) 71 271 (126) Reclassifications of realized net (gains) losses to net income (334) 2 42 (290) Balance at April 1, 2023 $ 2 $ (3,697) $ (1,701) $ (5,396) Market Value Unrecognized Foreign AOCI Tax on AOCI Second quarter of fiscal 2024 Balance at December 30, 2023 $ 34 $ 523 $ 135 $ 692 Quarter Ended March 30, 2024: Unrealized gains (losses) arising during the period (58) — 9 (49) Reclassifications of realized net (gains) losses to net income 21 6 — 27 Balance at March 30, 2024 $ (3) $ 529 $ 144 $ 670 Second quarter of fiscal 2023 Balance at December 31, 2022 $ (28) $ 901 $ 133 $ 1,006 Quarter Ended April 1, 2023: Unrealized gains (losses) arising during the period — (16) (10) (26) Reclassifications of realized net (gains) losses to net income 27 — — 27 Balance at April 1, 2023 $ (1) $ 885 $ 123 $ 1,007 Six months ended fiscal 2024 Balance at September 30, 2023 $ (64) $ 517 $ 142 $ 595 Six Months Ended March 30, 2024: Unrealized gains (losses) arising during the period 8 — 2 10 Reclassifications of realized net (gains) losses to net income 53 12 — 65 Balance at March 30, 2024 $ (3) $ 529 $ 144 $ 670 Six months ended fiscal 2023 Balance at October 1, 2022 $ (179) $ 901 $ 139 $ 861 Six Months Ended April 1, 2023: Unrealized gains (losses) arising during the period 100 (16) (2) 82 Reclassifications of realized net (gains) losses to net income 78 — (14) 64 Balance at April 1, 2023 $ (1) $ 885 $ 123 $ 1,007 Market Value Unrecognized Foreign AOCI AOCI, after tax Second quarter of fiscal 2024 Balance at December 30, 2023 $ (124) $ (1,676) $ (1,702) $ (3,502) Quarter Ended March 30, 2024: Unrealized gains (losses) arising during the period 186 (6) (98) 82 Reclassifications of realized net (gains) losses to net income (71) (18) — (89) Balance at March 30, 2024 $ (9) $ (1,700) $ (1,800) $ (3,509) Second quarter of fiscal 2023 Balance at December 31, 2022 $ 83 $ (2,868) $ (1,693) $ (4,478) Quarter Ended April 1, 2023: Unrealized gains (losses) arising during the period 7 55 115 177 Reclassifications of realized net (gains) losses to net income (89) 1 — (88) Balance at April 1, 2023 $ 1 $ (2,812) $ (1,578) $ (4,389) Six months ended fiscal 2024 Balance at September 30, 2023 $ 195 $ (1,655) $ (1,832) $ (3,292) Six Months Ended March 30, 2024: Unrealized gains (losses) arising during the period (25) (9) 32 (2) Reclassifications of realized net (gains) losses to net income (179) (36) — (215) Balance at March 30, 2024 $ (9) $ (1,700) $ (1,800) $ (3,509) Six months ended fiscal 2023 Balance at October 1, 2022 $ 625 $ (2,869) $ (1,875) $ (4,119) Six Months Ended April 1, 2023: Unrealized gains (losses) arising during the period (368) 55 269 (44) Reclassifications of realized net (gains) losses to net income (256) 2 28 (226) Balance at April 1, 2023 $ 1 $ (2,812) $ (1,578) $ (4,389)
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 Six Months Ended March 30, April 1, March 30, April 1, Market value adjustments, primarily cash flow hedges Primarily revenue $ 92 $ 116 $ 232 $ 334 Estimated tax Income taxes (21) (27) (53) (78) 71 89 179 256 Pension and postretirement medical expense Interest expense, net 24 (1) 48 (2) Estimated tax Income taxes (6) — (12) — 18 (1) 36 (2) Foreign currency translation and other Restructuring and impairment charges — — — (42) Estimated tax Income taxes — — — 14 — — — (28) Total reclassifications for the period $ 89 $ 88 $ 215 $ 226

Equity-Based Compensation (Tabl

Equity-Based Compensation (Tables)	6 Months Ended
	Mar. 30, 2024
Share-Based Payment Arrangement [Abstract]
Compensation Expense Related to Stock Options, Stock Appreciation Rights and Restricted Stock Units (RSUs)	Compensation expense related to stock options and restricted stock units (RSUs) is as follows: Quarter Ended Six Months Ended March 30, April 1, March 30, April 1, Stock options $ 20 $ 20 $ 37 $ 39 RSUs 347 280 638 531 Total equity-based compensation expense (1) $ 367 $ 300 $ 675 $ 570 Equity-based compensation expense capitalized during the period $ 58 $ 37 $ 102 $ 73 (1) Equity-based compensation expense is net of capitalized equity-based compensation and estimated forfeitures and excludes amortization of previously capitalized equity-based compensation costs.

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	6 Months Ended
	Mar. 30, 2024
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 March 30, 2024 Level 1 Level 2 Level 3 Total Assets Investments $ — $ 92 $ — $ 92 Derivatives Foreign exchange — 748 — 748 Other — 12 — 12 Liabilities Derivatives Interest rate — (1,446) — (1,446) Foreign exchange — (421) — (421) Other — (540) — (540) Total recorded at fair value $ — $ (1,555) $ — $ (1,555) Fair value of borrowings $ — $ 41,956 $ 1,448 $ 43,404 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)	6 Months Ended
	Mar. 30, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Gross Fair Value of Derivative Positions	The Company’s derivative positions measured at fair value (see Note 15) are summarized in the following tables: As of March 30, 2024 Current Investments/ Other Current Other Long- Derivatives designated as hedges Foreign exchange $ 468 $ 203 $ (147) $ (66) Interest rate — — (1,446) — Other 3 2 — — Derivatives not designated as hedges Foreign exchange 76 1 (207) (1) Other 7 92 — — Gross fair value of derivatives 554 298 (1,800) (67) Counterparty netting (397) (172) 506 63 Cash collateral (received) paid (45) — 983 — Net derivative positions $ 112 $ 126 $ (311) $ (4) As of September 30, 2023 Current Investments/ Other Current 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 March 30, September 30, March 30, September 30, Borrowings: Current $ 2,842 $ 1,439 $ (78) $ (59) Long-term 9,716 10,748 (1,317) (1,694) $ 12,558 $ 12,187 $ (1,395) $ (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 Operations: Quarter Ended Six Months Ended March 30, April 1, March 30, April 1, Gain (loss) on: Pay-floating swaps $ (89) $ 235 $ 343 $ 306 Borrowings hedged with pay-floating swaps 89 (235) (343) (306) Benefit (expense) associated with interest accruals on pay-floating swaps (153) (125) (307) (220)
Effect of Foreign Exchange Cash Flow Hedges on AOCI	The following table summarizes the effect of foreign exchange cash flow hedges on AOCI: Quarter Ended Six Months Ended March 30, April 1, March 30, April 1, Gain (loss) recognized in Other Comprehensive Income $ 237 $ 15 $ (27) $ (487) Gain (loss) reclassified from AOCI into the Statements of Operations (1) 93 116 234 338 (1) Primarily recorded in revenue.
Net Gains or Losses Recognized in Costs and Expenses on Economic Exposures Associated with Foreign Currency Exchange Rates	The following table summarizes the net foreign exchange gains or losses recognized on foreign currency denominated assets and liabilities and the net foreign exchange gains or losses on the foreign exchange contracts we entered into to mitigate our exposure with respect to foreign currency denominated assets and liabilities by the corresponding line item in which they are recorded in the Condensed Consolidated Statements of Operations: Costs and expenses Interest expense, net Income taxes Quarter Ended: March 30, April 1, March 30, April 1, March 30, April 1, Net gains (losses) on foreign currency denominated assets and liabilities $ (103) $ 15 $ 21 $ (2) $ 7 $ (21) Net gains (losses) on foreign exchange risk management contracts not designated as hedges 87 (47) (23) 1 (20) 17 Net gains (losses) $ (16) $ (32) $ (2) $ (1) $ (13) $ (4) Six Months Ended: Net gains (losses) on foreign currency denominated assets and liabilities $ (68) $ 160 $ (2) $ (20) $ (39) $ (109) Net gains (losses) on foreign exchange risk management contracts not designated as hedges (39) (260) (2) 19 22 87 Net gains (losses) $ (107) $ (100) $ (4) $ (1) $ (17) $ (22)

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		6 Months Ended
		Mar. 30, 2024	Apr. 01, 2023	Mar. 30, 2024	Apr. 01, 2023
Segment Reporting Information
Revenues		$ 22,083	$ 21,815	$ 45,632	$ 45,327
Segment operating income	[1]	3,845	3,285	7,721	6,328
Total Segments
Segment Reporting Information
Revenues		22,083	21,815	45,632	45,327
Entertainment Segment
Segment Reporting Information
Revenues		9,796	10,309	19,777	20,984
Segment operating income		781	455	1,655	800
Entertainment Segment | Entertainment Third Party
Segment Reporting Information
Revenues		9,691	10,212	19,572	20,796
Entertainment Segment | Intersegment Eliminations
Segment Reporting Information
Revenues		105	97	205	188
Sports Segment
Segment Reporting Information
Revenues		4,312	4,226	9,147	8,866
Segment operating income		778	794	675	630
Sports Segment | Sports Third Party
Segment Reporting Information
Revenues		3,999	3,957	8,535	8,340
Sports Segment | Intersegment Eliminations
Segment Reporting Information
Revenues		313	269	612	526
Experiences Segment
Segment Reporting Information
Revenues		8,393	7,646	17,525	16,191
Segment operating income		2,286	2,036	5,391	4,898
Segment Eliminations
Segment Reporting Information
Revenues		$ (418)	$ (366)	$ (817)	$ (714)
[1] Equity in the income of investees is included in segment operating income as follows: Quarter Ended Six Months Ended March 30, April 1, March 30, April 1, Entertainment $ 138 $ 160 $ 309 $ 353 Sports 6 16 19 19 Experiences — — — (2) Equity in the income of investees included in segment operating income 144 176 328 370 Amortization of TFCF intangible assets related to equity investees (3) (3) (6) (6) Equity in the income of investees, net $ 141 $ 173 $ 322 $ 364

Equity in the Income of Investe

Equity in the Income of Investees included in Segment Operating Results (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Mar. 30, 2024	Apr. 01, 2023	Mar. 30, 2024	Apr. 01, 2023
Schedule of Equity Method Investments
Equity in the income of investees	$ 141	$ 173	$ 322	$ 364
Amortization of Intangible Assets Held by Equity Investees	(3)	(3)	(6)	(6)
Entertainment Segment
Schedule of Equity Method Investments
Equity in the income of investees	138	160	309	353
Sports Segment
Schedule of Equity Method Investments
Equity in the income of investees	6	16	19	19
Experiences Segment
Schedule of Equity Method Investments
Equity in the income of investees	0	0	0	(2)
Total Segments
Schedule of Equity Method Investments
Equity in the income of investees	$ 144	$ 176	$ 328	$ 370

Reconciliation of Segment Opera

Reconciliation of Segment Operating Income to Income before Income Taxes (Details) - USD ($) $ in Millions		3 Months Ended		6 Months Ended
		Mar. 30, 2024	Apr. 01, 2023	Mar. 30, 2024	Apr. 01, 2023
Reconciling Items for Operating Income (Loss) from Segment to Consolidated
Segment operating income	[1]	$ 3,845	$ 3,285	$ 7,721	$ 6,328
Corporate and unallocated shared expenses		(391)	(279)	(699)	(559)
Restructuring and impairment charges	[2]	(2,052)	(152)	(2,052)	(221)
Other income, net	[3]	0	149	0	107
Interest expense, net		(311)	(322)	(557)	(622)
Amortization of Intangible Assets	[4]	(434)	(558)	(885)	(1,137)
Income before income taxes		$ 657	$ 2,123	$ 3,528	$ 3,896
[1] Equity in the income of investees is included in segment operating income as follows: Quarter Ended Six Months Ended March 30, April 1, March 30, April 1, Entertainment $ 138 $ 160 $ 309 $ 353 Sports 6 16 19 19 Experiences — — — (2) Equity in the income of investees included in segment operating income 144 176 328 370 Amortization of TFCF intangible assets related to equity investees (3) (3) (6) (6) Equity in the income of investees, net $ 141 $ 173 $ 322 $ 364 See Note 17 for a discussion of amounts in restructuring and impairment charges. See Note 5 for a discussion of amounts in other income, net. TFCF and Hulu acquisition amortization is as follows: Quarter Ended Six Months Ended March 30, April 1, March 30, April 1, Amortization of intangible assets $ 362 $ 408 $ 742 $ 825 Step-up of film and television costs 69 147 137 306 Intangibles related to TFCF equity investees 3 3 6 6 $ 434 $ 558 $ 885 $ 1,137

TFCF and Hulu Acquisition Amort

TFCF and Hulu Acquisition Amortization (Details) - USD ($) $ in Millions		3 Months Ended		6 Months Ended
		Mar. 30, 2024	Apr. 01, 2023	Mar. 30, 2024	Apr. 01, 2023
Amortization of Intangible Assets	[1]	$ 434	$ 558	$ 885	$ 1,137
Amortization of Intangible Assets Held by Equity Investees		(3)	(3)	(6)	(6)
TFCF and Hulu
Amortization of Intangible Assets		362	408	742	825
Amortization		69	147	137	306
Amortization of Intangible Assets Held by Equity Investees		$ 3	$ 3	$ 6	$ 6
[1] TFCF and Hulu acquisition amortization is as follows: Quarter Ended Six Months Ended March 30, April 1, March 30, April 1, Amortization of intangible assets $ 362 $ 408 $ 742 $ 825 Step-up of film and television costs 69 147 137 306 Intangibles related to TFCF equity investees 3 3 6 6 $ 434 $ 558 $ 885 $ 1,137

Disaggregation of Revenue by Ma

Disaggregation of Revenue by Major Source (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Mar. 30, 2024	Apr. 01, 2023	Mar. 30, 2024	Apr. 01, 2023
Disaggregation of Revenue [Line Items]
Revenues	$ 22,083	$ 21,815	$ 45,632	$ 45,327
Subscription fees
Disaggregation of Revenue [Line Items]
Revenues	5,222	4,605	10,144	8,845
Affiliate fees
Disaggregation of Revenue [Line Items]
Revenues	4,138	4,414	8,280	8,674
Advertising
Disaggregation of Revenue [Line Items]
Revenues	2,721	2,564	6,069	6,007
Theme park admissions
Disaggregation of Revenue [Line Items]
Revenues	2,806	2,428	5,788	5,069
Resort and vacations
Disaggregation of Revenue [Line Items]
Revenues	2,101	1,949	4,219	3,929
Retail and wholesale sales of merchandise, food and beverage
Disaggregation of Revenue [Line Items]
Revenues	2,266	2,142	4,743	4,524
Merchandise licensing
Disaggregation of Revenue [Line Items]
Revenues	788	772	1,947	1,915
TV/SVOD distribution licensing
Disaggregation of Revenue [Line Items]
Revenues	550	905	1,143	1,705
Theatrical distribution licensing
Disaggregation of Revenue [Line Items]
Revenues	123	767	374	1,907
Home entertainment
Disaggregation of Revenue [Line Items]
Revenues	189	202	398	387
Other
Disaggregation of Revenue [Line Items]
Revenues	1,179	1,067	2,527	2,365
Entertainment Segment
Disaggregation of Revenue [Line Items]
Revenues	9,796	10,309	19,777	20,984
Entertainment Segment | Subscription fees
Disaggregation of Revenue [Line Items]
Revenues	4,805	4,225	9,312	8,086
Entertainment Segment | Affiliate fees
Disaggregation of Revenue [Line Items]
Revenues	1,759	1,925	3,525	3,798
Entertainment Segment | Advertising
Disaggregation of Revenue [Line Items]
Revenues	1,771	1,782	3,768	3,962
Entertainment Segment | Merchandise licensing
Disaggregation of Revenue [Line Items]
Revenues	136	130	328	321
Entertainment Segment | TV/SVOD distribution licensing
Disaggregation of Revenue [Line Items]
Revenues	480	803	1,016	1,527
Entertainment Segment | Theatrical distribution licensing
Disaggregation of Revenue [Line Items]
Revenues	123	767	374	1,907
Entertainment Segment | Home entertainment
Disaggregation of Revenue [Line Items]
Revenues	189	202	398	387
Entertainment Segment | Other
Disaggregation of Revenue [Line Items]
Revenues	533	475	1,056	996
Sports Segment
Disaggregation of Revenue [Line Items]
Revenues	4,312	4,226	9,147	8,866
Sports Segment | Subscription fees
Disaggregation of Revenue [Line Items]
Revenues	417	380	832	759
Sports Segment | Affiliate fees
Disaggregation of Revenue [Line Items]
Revenues	2,678	2,766	5,347	5,419
Sports Segment | Advertising
Disaggregation of Revenue [Line Items]
Revenues	950	781	2,301	2,043
Sports Segment | TV/SVOD distribution licensing
Disaggregation of Revenue [Line Items]
Revenues	70	102	127	178
Sports Segment | Other
Disaggregation of Revenue [Line Items]
Revenues	197	197	540	467
Experiences Segment
Disaggregation of Revenue [Line Items]
Revenues	8,393	7,646	17,525	16,191
Experiences Segment | Advertising
Disaggregation of Revenue [Line Items]
Revenues	0	1	0	2
Experiences Segment | Theme park admissions
Disaggregation of Revenue [Line Items]
Revenues	2,806	2,428	5,788	5,069
Experiences Segment | Resort and vacations
Disaggregation of Revenue [Line Items]
Revenues	2,101	1,949	4,219	3,929
Experiences Segment | Retail and wholesale sales of merchandise, food and beverage
Disaggregation of Revenue [Line Items]
Revenues	2,266	2,142	4,743	4,524
Experiences Segment | Merchandise licensing
Disaggregation of Revenue [Line Items]
Revenues	652	642	1,619	1,594
Experiences Segment | Other
Disaggregation of Revenue [Line Items]
Revenues	568	484	1,156	1,073
Segment Eliminations
Disaggregation of Revenue [Line Items]
Revenues	(418)	(366)	(817)	(714)
Segment Eliminations | Affiliate fees
Disaggregation of Revenue [Line Items]
Revenues	(299)	(277)	(592)	(543)
Segment Eliminations | Other
Disaggregation of Revenue [Line Items]
Revenues	$ (119)	$ (89)	$ (225)	$ (171)

Disaggregation of Revenue by Ge

Disaggregation of Revenue by Geographical Markets (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Mar. 30, 2024	Apr. 01, 2023	Mar. 30, 2024	Apr. 01, 2023
Disaggregation of Revenue [Line Items]
Revenues	$ 22,083	$ 21,815	$ 45,632	$ 45,327
Americas
Disaggregation of Revenue [Line Items]
Revenues	17,641	17,630	36,225	36,601
Europe
Disaggregation of Revenue [Line Items]
Revenues	2,281	2,191	4,891	4,831
Asia Pacific
Disaggregation of Revenue [Line Items]
Revenues	2,161	1,994	4,516	3,895
Entertainment Segment
Disaggregation of Revenue [Line Items]
Revenues	9,796	10,309	19,777	20,984
Entertainment Segment | Americas
Disaggregation of Revenue [Line Items]
Revenues	7,640	7,941	15,228	16,091
Entertainment Segment | Europe
Disaggregation of Revenue [Line Items]
Revenues	1,383	1,405	2,792	2,904
Entertainment Segment | Asia Pacific
Disaggregation of Revenue [Line Items]
Revenues	773	963	1,757	1,989
Sports Segment
Disaggregation of Revenue [Line Items]
Revenues	4,312	4,226	9,147	8,866
Sports Segment | Americas
Disaggregation of Revenue [Line Items]
Revenues	4,115	4,008	8,473	8,323
Sports Segment | Europe
Disaggregation of Revenue [Line Items]
Revenues	75	78	254	204
Sports Segment | Asia Pacific
Disaggregation of Revenue [Line Items]
Revenues	122	140	420	339
Experiences Segment
Disaggregation of Revenue [Line Items]
Revenues	8,393	7,646	17,525	16,191
Experiences Segment | Americas
Disaggregation of Revenue [Line Items]
Revenues	6,304	6,047	13,341	12,901
Experiences Segment | Europe
Disaggregation of Revenue [Line Items]
Revenues	823	708	1,845	1,723
Experiences Segment | Asia Pacific
Disaggregation of Revenue [Line Items]
Revenues	1,266	891	2,339	1,567
Segment Eliminations
Disaggregation of Revenue [Line Items]
Revenues	(418)	(366)	(817)	(714)
Segment Eliminations | Americas
Disaggregation of Revenue [Line Items]
Revenues	(418)	(366)	(817)	(714)
Segment Eliminations | Europe
Disaggregation of Revenue [Line Items]
Revenues	0	0	0	0
Segment Eliminations | Asia Pacific
Disaggregation of Revenue [Line Items]
Revenues	$ 0	$ 0	$ 0	$ 0

Contract with Customer, Asset a

Contract with Customer, Asset and Liability (Details) - USD ($) $ in Millions	Mar. 30, 2024	Sep. 30, 2023
Accounts Receivable, before Allowance for Credit Loss, Current	$ 9,975	$ 10,279
Accounts Receivable, before Allowance for Credit Loss, Noncurrent	1,128	1,212
Contract with Customer, Asset, Allowance for Credit Loss	(135)	(154)
Contract with Customer, Liability, Current	6,156	5,568
Contract with Customer, Liability, Noncurrent	$ 910	$ 977

Revenues - Additional Informati

Revenues - Additional Information (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Mar. 30, 2024	Apr. 01, 2023	Mar. 30, 2024	Apr. 01, 2023	Sep. 30, 2023
Contract with Customer, Performance Obligation Satisfied in Previous Period	$ 300	$ 700	$ 600	$ 500
Revenue, Remaining Performance Obligation, Amount	14,000		14,000
Contract with Customer, Liability, Revenue Recognized	900	$ 900	4,400	$ 4,300
Syndicated programming
Long-term receivables, net of allowance for credit losses	400		400		$ 600
Mortgage Receivable
Long-term receivables, net of allowance for credit losses	700		700		$ 700
Unsatisfied performance obligation recognized in fiscal 2024
Revenue, Remaining Performance Obligation, Amount	4,000		4,000
Unsatisfied performance obligation recognized in fiscal 2025
Revenue, Remaining Performance Obligation, Amount	5,000		5,000
Unsatisfied performance obligation recognized in fiscal 2026
Revenue, Remaining Performance Obligation, Amount	3,000		3,000
Unsatisfied performance obligation recognized thereafter
Revenue, Remaining Performance Obligation, Amount	$ 2,000		$ 2,000

Dispositions Assets and Liabili

Dispositions Assets and Liabilities Held for Sale (Details) $ in Millions	Mar. 30, 2024 USD ($)
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Receivables and Other Current Assets	$ 821
Content Advances	63
Current Assets	884
Produced and Licensed Content Costs	667
Property, Plant and Equipment, Net	67
Intangible Assets, Net	760
Goodwill	1,110
Other assets	680
Total Assets	4,168	[1]
Accounts Payable and Other Accrued Liabilities	430
Deferred Revenue and Other	86
Total Current Liabilities	516
Other Long-term Liabilities	382
Total Liabilities	$ 898	[1]
[1] Total current assets and non-current assets held for sale are included in “Other current assets” and “Other assets,” respectively, in the Condensed Consolidated Balance Sheets. Total current liabilities and non-current liabilities held for sale are included in “Deferred revenue and other” and “Other long-term liabilities” in the Condensed Consolidated Balance Sheets. These assets and liabilities are subject to change through closing.

Dispositions Changes in Carry A

Dispositions Changes in Carry Amount of Goodwill (Details) - USD ($) $ in Millions		6 Months Ended
		Mar. 30, 2024		Apr. 01, 2023
Goodwill [Line Items]
Beginning balance		$ 77,067
Goodwill Allocation		0
Goodwill Impairment		(2,038)	[1]	$ 0
Goodwill, Transfer to Held-for-Sale		(1,110)
Currency translation adjustments and other, net		(5)
Ending balance		73,914
Star India
Goodwill [Line Items]
Beginning balance		0
Goodwill Allocation		2,445
Goodwill Impairment	[1]	(1,335)
Goodwill, Transfer to Held-for-Sale		(1,110)
Currency translation adjustments and other, net		0
Ending balance		0
Entertainment Segment
Goodwill [Line Items]
Beginning balance		55,031
Goodwill Allocation		(2,445)
Goodwill Impairment	[1]	(703)
Goodwill, Transfer to Held-for-Sale		0
Currency translation adjustments and other, net		(5)
Ending balance		51,878
Sports Segment
Goodwill [Line Items]
Beginning balance		16,486
Goodwill Allocation		0
Goodwill Impairment		0
Goodwill, Transfer to Held-for-Sale		0
Currency translation adjustments and other, net		0
Ending balance		16,486
Experiences Segment
Goodwill [Line Items]
Beginning balance		5,550
Goodwill Allocation		0
Goodwill Impairment		0
Goodwill, Transfer to Held-for-Sale		0
Currency translation adjustments and other, net		0
Ending balance		$ 5,550
[1] Reflects impairments related to entertainment linear networks and Star India (see Note 17).

Dispositions - Additional Infor

Dispositions - Additional Information (Details) - USD ($) $ in Millions			3 Months Ended	6 Months Ended
		Feb. 28, 2024	Mar. 30, 2024	Mar. 30, 2024		Apr. 01, 2023
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Goodwill Impairment				$ 2,038	[1]	$ 0
Star India
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Goodwill Impairment	[1]			$ 1,335
Star India
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Disposal Group, Not Discontinued Operation, Equity Method Investment Retained After Disposal, Ownership Interest After Disposal		37%
Goodwill Impairment			$ 1,300
Goodwill, Foreign Currency Translation Gain (Loss)			$ 800
Equity Interest Held by RIL | Star India
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Equity Method Investment, Ownership Percentage		56%
Equity Interest Held by Bodhi Tree Systems | Star India
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Equity Method Investment, Ownership Percentage		7%
[1] Reflects impairments related to entertainment linear networks and Star India (see Note 17).

Other Income, Net (Details)

Other Income, Net (Details) - USD ($) $ in Millions		3 Months Ended		6 Months Ended
		Mar. 30, 2024	Apr. 01, 2023	Mar. 30, 2024	Apr. 01, 2023
Schedule of Other Income and Expense [Line Items]
Other Nonoperating Income (Expense)		$ 0	$ 0	$ 0	$ 28
Other income, net	[1]	0	149	0	107
DraftKings
Schedule of Other Income and Expense [Line Items]
Gain on Investments		$ 0	$ 149	$ 0	$ 79
[1] See Note 5 for a discussion of amounts in other income, 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	Mar. 30, 2024	Sep. 30, 2023	Apr. 01, 2023	Oct. 01, 2022
Accounting Policies [Abstract]
Cash and Cash Equivalents	$ 6,635	$ 14,182
Restricted Cash and Investments, Noncurrent	91	53
Cash, Cash Equivalents and Restricted Cash in the Statement of Cash Flows	$ 6,726	$ 14,235	$ 10,453	$ 11,661

Borrowing Activity (Details)

Borrowing Activity (Details) $ in Millions	6 Months Ended
	Mar. 30, 2024 USD ($)
Borrowings [Roll Forward]
Borrowings beginning balance	$ 46,431
Borrowings	1,774
Payments	(2,244)
Other Activity	338
Borrowings ending balance	46,299
Commercial paper with original maturities less than three months
Borrowings [Roll Forward]
Borrowings beginning balance	289
Borrowings	417
Payments	0
Other Activity	(1)
Borrowings ending balance	705
Commercial paper with original maturities greater than three months
Borrowings [Roll Forward]
Borrowings beginning balance	1,187
Borrowings	1,224
Payments	(1,599)
Other Activity	2
Borrowings ending balance	814
U.S. dollar denominated notes
Borrowings [Roll Forward]
Borrowings beginning balance	43,504
Borrowings	0
Payments	(584)
Other Activity	(73)
Borrowings ending balance	42,847
Asia International Theme Parks borrowings
Borrowings [Roll Forward]
Borrowings beginning balance	1,308
Borrowings	0
Payments	(13)
Other Activity	44
Borrowings ending balance	1,339
Foreign currency denominated debt and other
Borrowings [Roll Forward]
Borrowings beginning balance	143
Borrowings	133
Payments	(48)
Other Activity	366	[1]
Borrowings ending balance	$ 594
[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	Mar. 30, 2024 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 2025
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 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
Line of Credit Expiring March 2029
Line of Credit Facility
Line of Credit Facility, Maximum Borrowing Capacity	3,000
Line of Credit Facility, Amount Outstanding	0
Line of Credit Facility, Remaining Borrowing Capacity	$ 3,000

Cash, Cash Equivalents, Restr_4

Cash, Cash Equivalents, Restricted Cash and Borrowings Interest Expense, net (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Mar. 30, 2024	Apr. 01, 2023	Mar. 30, 2024	Apr. 01, 2023
Interest expense	$ (501)	$ (504)	$ (1,029)	$ (969)
Interest and investment income	87	98	269	177
Net periodic pension and postretirement benefit costs other than service costs	103	84	203	170
Interest expense, net	$ (311)	$ (322)	$ (557)	$ (622)

Cash, Cash Equivalents, Restr_5

Cash, Cash Equivalents, Restricted Cash and Borrowings - Additional Information (Details) - USD ($) $ in Millions	3 Months Ended	6 Months Ended
	Mar. 30, 2024	Mar. 30, 2024	Mar. 01, 2024
Debt Instrument [Line Items]
Line of Credit Facility, Interest Rate Description	These facilities allow for borrowings at rates based on the Secured Overnight Financing Rate (SOFR) and at other variable rates for non-U.S. dollar denominated borrowings, plus a fixed spread that varies with the Company’s debt ratings assigned by Moody’s Investors Service and Standard and Poor’s ranging from 0.655% to 1.225%.
Line of Credit Facility, Maximum Borrowing Capacity	$ 12,250	$ 12,250
Letters of Credit Outstanding, Amount	1,600	$ 1,600
Minimum
Debt Instrument [Line Items]
Variable Spread Above SOFR		0.655%
Maximum
Debt Instrument [Line Items]
Variable Spread Above SOFR		1.225%
Letter of Credit
Debt Instrument [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity	500	$ 500
Line of Credit Expiring March 2025
Debt Instrument [Line Items]
Line of Credit Facility, Expiration Date		Feb. 27, 2025
Line of Credit Facility, Maximum Borrowing Capacity	5,250	$ 5,250
Line of Credit Facility, Current Borrowing Capacity			$ 5,250
Line of Credit Expiring March 2029
Debt Instrument [Line Items]
Line of Credit Facility, Expiration Date		Mar. 31, 2029
Line of Credit Facility, Maximum Borrowing Capacity	3,000	$ 3,000
Line of Credit Facility, Current 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	$ 4,000
Credit Facility available beginning August 2023 | Disney Cruise Line
Debt Instrument [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity	$ 1,100	$ 1,100
Debt Instrument, Interest Rate, Stated Percentage	3.80%	3.80%
Credit Facility available beginning August 2024 | Disney Cruise Line
Debt Instrument [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity	$ 1,100	$ 1,100
Debt Instrument, Interest Rate, Stated Percentage	3.74%	3.74%

Impact of Consolidating Balance

Impact of Consolidating Balance Sheets of Asia Theme Parks (Details) - USD ($) $ in Millions	Mar. 30, 2024	Sep. 30, 2023
Schedule of Condensed Consolidating Balance Sheets [Line Items]
Cash and Cash Equivalents	$ 6,635	$ 14,182
Other current assets	2,106	1,286
Total current assets	24,636	32,763
Parks, resorts and other property	35,525	34,941
Other assets	13,964	11,076
Total assets	195,110	205,579
Current liabilities	32,874	31,139
Long-term borrowings	39,510	42,101
Asia International Theme Parks
Schedule of Condensed Consolidating Balance Sheets [Line Items]
Cash and Cash Equivalents	516	504
Other current assets	191	159
Total current assets	707	663
Parks, resorts and other property	6,089	6,150
Other assets	217	234
Total assets	7,013	7,047
Current liabilities	607	720
Long-term borrowings	1,339	1,308
Other long-term liabilities	394	392
Total liabilities	$ 2,340	$ 2,420

Impact of Consolidating Income

Impact of Consolidating Income Statements of International Theme Parks (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Mar. 30, 2024	Apr. 01, 2023	Mar. 30, 2024	Apr. 01, 2023
Schedule of Condensed Consolidating Statement of Operations [Line Items]
Revenues	$ 22,083	$ 21,815	$ 45,632	$ 45,327
Cost and expenses	$ (19,204)	$ (19,540)	(39,817)	$ (41,059)
International Theme Parks
Schedule of Condensed Consolidating Statement of Operations [Line Items]
Revenues			2,789
Cost and expenses			$ (2,321)

International Theme Parks - Add

International Theme Parks - Additional Information (Details) $ in Millions, ¥ in Billions, $ in Billions	6 Months Ended
	Mar. 30, 2024 USD ($)	Mar. 30, 2024 HKD ($)	Mar. 30, 2024 CNY (¥)	Apr. 01, 2023 USD ($)
Noncontrolling Interest
Net Cash Provided by Operating Activities	$ 5,851			$ 2,262
Net Cash Used in Investing Activities	(2,553)			(2,541)
Net Cash Used in Financing Activities	$ (10,824)			$ (1,126)
Maximum
Noncontrolling Interest
Variable Spread Above Reference Rate	1.225%	1.225%	1.225%
Asia International Theme Parks
Noncontrolling Interest
Royalties And Management Fees	$ 153
International Theme Parks
Noncontrolling Interest
Net Cash Provided by Operating Activities	733
Net Cash Used in Investing Activities	(464)
Net Cash Used in Financing Activities	(12)
Hong Kong Disneyland Resort | Loans
Noncontrolling Interest
Variable Interest Entity, Financial or Other Support, Amount	169
Variable Interest Entity, Financial or Other Support, Amount from Noncontrolling Interests	$ 113
Debt Instrument, Maturity Date	Sep. 30, 2025	Sep. 30, 2025	Sep. 30, 2025
Hong Kong Disneyland Resort | Loans | HIBOR
Noncontrolling Interest
Variable Spread Above Reference Rate	2%	2%	2%
Hong Kong Disneyland Resort | Line of Credit
Noncontrolling Interest
Variable Interest Entity, Financial or Other Support, Amount	$ 345	$ 2.7
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	$ 982
Variable Interest Entity, Financial or Other Support, Amount from Noncontrolling Interests	$ 1,200		¥ 8.9
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	Mar. 30, 2024	Sep. 30, 2023
Film, Monetized on Its Own, Capitalized Cost [Abstract]
Released, less amortization	$ 4,685	$ 4,968
Completed, not released	70	70
In-process	3,848	3,331
In development or pre-production	345	279
Film, Monetized on Its Own, Capitalized Cost	8,948	8,648
Film, Monetized in Film Group, Capitalized Cost [Abstract]
Released, less amortization	13,799	13,555
Completed, not released	1,201	1,786
In-process	5,571	6,120
In development or pre-production	93	133
Film, Monetized in Film Group, Capitalized Cost	20,664	21,594
Film, Capitalized Cost [Abstract]
Released, less amortization	18,484	18,523
Completed, not released	1,271	1,856
In-process	9,419	9,451
In development or pre-production	438	412
Film, Capitalized Cost	29,612	30,242
Licensed television programming rights and advances	4,899	6,351
Produced and Licensed Content, Total	34,511	36,593
Current portion	1,921	3,002
Non-current portion	$ 32,590	$ 33,591

Amortization of Produced and Li

Amortization of Produced and Licensed Content Costs (Details) - USD ($) $ in Millions		3 Months Ended		6 Months Ended
		Mar. 30, 2024	Apr. 01, 2023	Mar. 30, 2024	Apr. 01, 2023
Amortization of Produced Content Costs		$ 2,363	$ 2,958	$ 4,925	$ 6,275
Amortization of Licensed Television and Programming Rights		3,366	3,196	7,956	7,735
Amortization of Produced and Licensed Content Costs, Total	[1]	5,729	6,154	12,881	14,010
Monetized individually
Amortization of Produced Content Costs		611	1,006	1,379	2,163
Monetized as a group
Amortization of Produced Content Costs		$ 1,752	$ 1,952	$ 3,546	$ 4,112
[1] Primarily included in “Costs of services” in the Condensed Consolidated Statements of Operations.

Income Taxes - Deferred Tax Ass

Income Taxes - Deferred Tax Assets and Liabilities (Details) - USD ($) $ in Millions		Mar. 30, 2024	Sep. 30, 2023
Deferred Tax Assets
Deferred Tax Assets, Operating Loss Carryforwards, Foreign	[1]	$ (3,465)	$ (3,841)
Accrued Liabilities		(1,289)	(1,335)
Lease Liabilities		(820)	(852)
Licensing Revenues		(110)	(115)
Other		(684)	(623)
Deferred Tax Assets, Gross		(6,368)	(6,766)
Deferred Tax Liabilities
Depreciable, amortizable and other property		7,266	7,581
Investment in subsidiaries and equity investees	[2]	1,547	1,753
Right-of-Use Assets		720	751
Other		72	81
Deferred Tax Liabilities, Gross		9,605	10,166
Deferred Tax Liabilities before valuation allowance		3,237	3,400
Valuation Allowance		3,017	3,187
Deferred Tax Liabilities, Net		$ 6,254	$ 6,587
[1] Balances at March 30, 2024 and September 30, 2023 include approximately $1.5 billion and $1.6 billion, respectively, of International Theme Park net operating losses and include approximately $0.8 billion and $1.0 billion, respectively, of foreign tax credits in the U.S. The International Theme Park net operating losses are primarily in France and, to a lesser extent, Hong Kong and China. Losses in France and Hong Kong have an indefinite carryforward period and losses in China have a five-year carryforward period. China theme park net operating losses of $0.1 billion, if not used, expire between fiscal 2025 and fiscal 2028. Foreign tax credits of $0.8 billion in the U.S. have a ten-year carryforward period and, if not used, expire beginning in fiscal 2028. Deferred tax liabilities on investment in subsidiaries / equity investees are, in part, due to the tax status of these entities. If the Company were to change the tax status of certain legal entities, a significant portion of these deferred taxes may reverse.

Income Taxes - Deferred Tax A_2

Income Taxes - Deferred Tax Assets and Liabilities (Parenthetical) (Details) - USD ($) $ in Millions		6 Months Ended
		Mar. 30, 2024	Sep. 30, 2023
Income Tax [Line Items]
Deferred Tax Assets, Operating Loss Carryforwards, Foreign	[1]	$ 3,465	$ 3,841
Asia International Theme Parks borrowings
Income Tax [Line Items]
Deferred Tax Assets, Operating Loss Carryforwards, Foreign		1,500	1,600
Deferred Tax Assets, Tax Credit Carryforwards, Foreign		$ 800	$ 1,000
Asia International Theme Parks borrowings | CHINA
Income Tax [Line Items]
Net Operating Loss Carryforward, Period		5 years
Asia International Theme Parks borrowings | UNITED STATES
Income Tax [Line Items]
Foreign Tax Credit Carryforward, Period		10 years
China Theme Parks
Income Tax [Line Items]
Deferred Tax Assets, Operating Loss Carryforwards, Foreign		$ 100
[1] Balances at March 30, 2024 and September 30, 2023 include approximately $1.5 billion and $1.6 billion, respectively, of International Theme Park net operating losses and include approximately $0.8 billion and $1.0 billion, respectively, of foreign tax credits in the U.S. The International Theme Park net operating losses are primarily in France and, to a lesser extent, Hong Kong and China. Losses in France and Hong Kong have an indefinite carryforward period and losses in China have a five-year carryforward period. China theme park net operating losses of $0.1 billion, if not used, expire between fiscal 2025 and fiscal 2028. Foreign tax credits of $0.8 billion in the U.S. have a ten-year carryforward period and, if not used, expire beginning in fiscal 2028.

Income Taxes Income Tax (Detail

Income Taxes Income Tax (Details) - USD ($) $ in Millions	6 Months Ended
	Mar. 30, 2024	Sep. 30, 2023
Income Tax [Line Items]
Valuation Allowance, Deferred Tax Asset, Increase (Decrease), Amount	$ 200
Valuation Allowance	3,017	$ 3,187
Unrecognized Tax Benefits, Period Increase (Decrease)	(100)
Unrecognized Tax Benefits	2,400	$ 2,500
Significant Change in Unrecognized Tax Benefits is Reasonably Possible, Amount of Unrecorded Benefit	$ 500

Net Periodic Benefit Cost (Deta

Net Periodic Benefit Cost (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Mar. 30, 2024	Apr. 01, 2023	Mar. 30, 2024	Apr. 01, 2023
Defined Benefit Plan Disclosure [Line Items]
Net Periodic Defined Benefits Expense (Reversal of Expense), Excluding Service Cost Component	$ (103)	$ (84)	$ (203)	$ (170)
Pension Plans
Defined Benefit Plan Disclosure [Line Items]
Service costs	63	63	125	128
Interest costs	209	195	417	391
Expected return on plan assets	(285)	(287)	(569)	(575)
Amortization of previously deferred service costs	2	3	4	5
Recognized net actuarial loss	5	4	10	9
Net Periodic Defined Benefits Expense (Reversal of Expense), Excluding Service Cost Component	(69)	(85)	(138)	(170)
Net periodic benefit cost (income)	(6)	(22)	(13)	(42)
Postretirement Medical Plans
Defined Benefit Plan Disclosure [Line Items]
Service costs	0	2	0	3
Interest costs	13	21	27	41
Expected return on plan assets	(15)	(15)	(29)	(30)
Amortization of previously deferred service costs	(23)	0	(45)	0
Recognized net actuarial loss	(9)	(5)	(18)	(11)
Net Periodic Defined Benefits Expense (Reversal of Expense), Excluding Service Cost Component	(34)	1	(65)	0
Net periodic benefit cost (income)	$ (34)	$ 3	$ (65)	$ 3

Reconciliation of Weighted Aver

Reconciliation of Weighted Average Number of Common and Common Equivalent Shares Outstanding and Awards Excluded from Diluted Earnings Per Share Calculation (Details) - shares shares in Millions	3 Months Ended			6 Months Ended
	Mar. 30, 2024		Apr. 01, 2023	Mar. 30, 2024	Apr. 01, 2023
Shares (in millions):
Weighted average number of common and common equivalent shares outstanding (basic)	1,834		1,828	1,833	1,827
Weighed average dilutive impact of awards	0	[1]	3	5	2
Weighted average number of common and common equivalent shares outstanding (diluted)	1,834		1,831	1,838	1,829
Awards excluded from diluted earnings per share	27		25	30	25
[1] Amounts exclude all potential common and common equivalent shares for periods when there is a net loss from continuing operations.

Equity Changes in Accumulated O

Equity Changes in Accumulated Other Comprehensive Loss, Before Tax (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Mar. 30, 2024	Apr. 01, 2023	Mar. 30, 2024	Apr. 01, 2023
Accumulated Other Comprehensive Income (Loss) [Line Items]
AOCI before Tax, Attributable to Parent, Beginning Balance	$ (4,194)	$ (5,484)	$ (3,887)	$ (4,980)
Unrealized gains (losses) arising during the period	131	203	(12)	(126)
Reclassifications of realized net (gains) losses to net income	(116)	(115)	(280)	(290)
AOCI before Tax, Attributable to Parent, Ending Balance	(4,179)	(5,396)	(4,179)	(5,396)
Market Value Adjustments for Hedges
Accumulated Other Comprehensive Income (Loss) [Line Items]
AOCI before Tax, Attributable to Parent, Beginning Balance	(158)	111	259	804
Unrealized gains (losses) arising during the period	244	7	(33)	(468)
Reclassifications of realized net (gains) losses to net income	(92)	(116)	(232)	(334)
AOCI before Tax, Attributable to Parent, Ending Balance	(6)	2	(6)	2
Unrecognized Pension and  Postretirement Medical  Expense
Accumulated Other Comprehensive Income (Loss) [Line Items]
AOCI before Tax, Attributable to Parent, Beginning Balance	(2,199)	(3,769)	(2,172)	(3,770)
Unrealized gains (losses) arising during the period	(6)	71	(9)	71
Reclassifications of realized net (gains) losses to net income	(24)	1	(48)	2
AOCI before Tax, Attributable to Parent, Ending Balance	(2,229)	(3,697)	(2,229)	(3,697)
Foreign Currency Translation and Other
Accumulated Other Comprehensive Income (Loss) [Line Items]
AOCI before Tax, Attributable to Parent, Beginning Balance	(1,837)	(1,826)	(1,974)	(2,014)
Unrealized gains (losses) arising during the period	(107)	125	30	271
Reclassifications of realized net (gains) losses to net income	0	0	0	42
AOCI before Tax, Attributable to Parent, Ending Balance	$ (1,944)	$ (1,701)	$ (1,944)	$ (1,701)

Equity Changes in Accumulated_2

Equity Changes in Accumulated Other Comprehensive Loss, Tax (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Mar. 30, 2024	Apr. 01, 2023	Mar. 30, 2024	Apr. 01, 2023
Accumulated Other Comprehensive Income (Loss) [Line Items]
AOCI Tax, Attributable to Parent, Beginning Balance	$ 692	$ 1,006	$ 595	$ 861
Unrealized gains (losses) arising during the period	(49)	(26)	10	82
Reclassifications of realized net (gains) losses to net income	27	27	65	64
AOCI Tax, Attributable to Parent, Ending Balance	670	1,007	670	1,007
Market Value Adjustments for Hedges
Accumulated Other Comprehensive Income (Loss) [Line Items]
AOCI Tax, Attributable to Parent, Beginning Balance	34	(28)	(64)	(179)
Unrealized gains (losses) arising during the period	(58)	0	8	100
Reclassifications of realized net (gains) losses to net income	21	27	53	78
AOCI Tax, Attributable to Parent, Ending Balance	(3)	(1)	(3)	(1)
Unrecognized Pension and  Postretirement Medical  Expense
Accumulated Other Comprehensive Income (Loss) [Line Items]
AOCI Tax, Attributable to Parent, Beginning Balance	523	901	517	901
Unrealized gains (losses) arising during the period	0	(16)	0	(16)
Reclassifications of realized net (gains) losses to net income	6	0	12	0
AOCI Tax, Attributable to Parent, Ending Balance	529	885	529	885
Foreign Currency Translation and Other
Accumulated Other Comprehensive Income (Loss) [Line Items]
AOCI Tax, Attributable to Parent, Beginning Balance	135	133	142	139
Unrealized gains (losses) arising during the period	9	(10)	2	(2)
Reclassifications of realized net (gains) losses to net income	0	0	0	(14)
AOCI Tax, Attributable to Parent, Ending Balance	$ 144	$ 123	$ 144	$ 123

Changes in Accumulated Other Co

Changes in Accumulated Other Comprehensive Loss, Net of Tax (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Mar. 30, 2024	Apr. 01, 2023	Mar. 30, 2024	Apr. 01, 2023
Accumulated Other Comprehensive Income (Loss) [Line Items]
AOCI, Beginning Balance	$ (3,502)	$ (4,478)	$ (3,292)	$ (4,119)
Unrealized gains (losses) arising during the period	82	177	(2)	(44)
Reclassifications of realized net (gains) losses to net income	(89)	(88)	(215)	(226)
AOCI, Ending Balance	(3,509)	(4,389)	(3,509)	(4,389)
Market Value Adjustments for Hedges
Accumulated Other Comprehensive Income (Loss) [Line Items]
AOCI, Beginning Balance	(124)	83	195	625
Unrealized gains (losses) arising during the period	186	7	(25)	(368)
Reclassifications of realized net (gains) losses to net income	(71)	(89)	(179)	(256)
AOCI, Ending Balance	(9)	1	(9)	1
Unrecognized Pension and  Postretirement Medical  Expense
Accumulated Other Comprehensive Income (Loss) [Line Items]
AOCI, Beginning Balance	(1,676)	(2,868)	(1,655)	(2,869)
Unrealized gains (losses) arising during the period	(6)	55	(9)	55
Reclassifications of realized net (gains) losses to net income	(18)	1	(36)	2
AOCI, Ending Balance	(1,700)	(2,812)	(1,700)	(2,812)
Foreign Currency Translation and Other
Accumulated Other Comprehensive Income (Loss) [Line Items]
AOCI, Beginning Balance	(1,702)	(1,693)	(1,832)	(1,875)
Unrealized gains (losses) arising during the period	(98)	115	32	269
Reclassifications of realized net (gains) losses to net income	0	0	0	28
AOCI, Ending Balance	$ (1,800)	$ (1,578)	$ (1,800)	$ (1,578)

Details about AOCI Components R

Details about AOCI Components Reclassified to Net Income (Details) - USD ($) $ in Millions		3 Months Ended		6 Months Ended
		Mar. 30, 2024	Apr. 01, 2023	Mar. 30, 2024	Apr. 01, 2023
Details about AOCI Components Reclassified to Net Income
Revenues		$ 22,083	$ 21,815	$ 45,632	$ 45,327
Interest expense, net		311	322	557	622
Restructuring and impairment charges	[1]	2,052	152	2,052	221
Income taxes		(441)	(635)	(1,161)	(1,047)
Net income attributable to The Walt Disney Company (Disney)		(20)	1,271	1,891	2,550
Reclassification out of Accumulated Other Comprehensive Income
Details about AOCI Components Reclassified to Net Income
Net income attributable to The Walt Disney Company (Disney)		89	88	215	226
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		92	116	232	334
Income taxes		(21)	(27)	(53)	(78)
Net income attributable to The Walt Disney Company (Disney)		71	89	179	256
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)	48	(2)
Income taxes		(6)	0	(12)	0
Net income attributable to The Walt Disney Company (Disney)		18	(1)	36	(2)
Gain/(loss) in Foreign Currency Translation and Other | Reclassification out of Accumulated Other Comprehensive Income
Details about AOCI Components Reclassified to Net Income
Restructuring and impairment charges		0	0	0	(42)
Income taxes		0	0	0	14
Net income attributable to The Walt Disney Company (Disney)		$ 0	$ 0	$ 0	$ (28)
[1] See Note 17 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				6 Months Ended
	Feb. 07, 2024	Jan. 31, 2024	Nov. 30, 2023	Mar. 30, 2024
Class of Stock [Line Items]
Dividends Payable, Date Declared	Feb. 07, 2024		Nov. 30, 2023
Dividends Declared Per Share	$ 0.45		$ 0.30
Dividends, Cash		$ 500
Dividends Payable, Date of Record	Jul. 08, 2024		Dec. 11, 2023
Dividends Payable, Date to be Paid	Jul. 25, 2024
Stock Repurchase Program, Number of Shares Authorized to be Repurchased	400
Treasury Stock, Shares, Acquired				9
Treasury Stock, Value, Acquired, Cost Method				$ 1,000
Stock Repurchase Program, Remaining Number of Shares Authorized to be Repurchased				391
Pro Forma
Class of Stock [Line Items]
Dividends, Cash	$ 800

Compensation Expense Related to

Compensation Expense Related to Stock Options, Stock Appreciation Rights and Restricted Stock Units (Details) - USD ($) $ in Millions		3 Months Ended		6 Months Ended
		Mar. 30, 2024	Apr. 01, 2023	Mar. 30, 2024	Apr. 01, 2023
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options		$ 20	$ 20	$ 37	$ 39
RSUs		347	280	638	531
Total equity-based compensation expense	[1]	367	300	675	570
Equity-based compensation expense capitalized during the period		$ 58	$ 37	$ 102	$ 73
[1] Equity-based compensation expense is net of capitalized equity-based compensation and estimated forfeitures and excludes amortization of previously capitalized equity-based compensation costs.

Equity-Based Compensation - Add

Equity-Based Compensation - Additional Information (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	6 Months Ended
	Mar. 30, 2024	Apr. 01, 2023
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted average grant date fair values of options issued	$ 32.10	$ 34.72
Weighted average grant date fair values of RSUs issued	$ 94.25	$ 92.07
Stock Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation cost	$ 115
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	$ 2,400
Stock compensation granted, number of shares	16.1

Commitments and Contingencies -

Commitments and Contingencies - Additional Information (Details) - Subsequent Event - USD ($) $ in Billions	Jul. 31, 2024	Apr. 30, 2024
Commitments and Contingencies Disclosure [Line Items]
Payments to Acquire Equity Method Investments		$ 1
Epic Games
Commitments and Contingencies Disclosure [Line Items]
Equity Method Investment, Ownership Percentage		5%
Epic Games | Scenario, Plan
Commitments and Contingencies Disclosure [Line Items]
Equity Method Investment, Ownership Percentage	2%
Payments to Acquire Equity Method Investments	$ 0.5
Epic Games | Pro Forma
Commitments and Contingencies Disclosure [Line Items]
Equity Method Investment, Ownership Percentage	8%

Assets and Liabilities Measured

Assets and Liabilities Measured at Fair Value (Details) - Fair Value, Measurements, Recurring - USD ($) $ in Millions	Mar. 30, 2024	Sep. 30, 2023
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Investments	$ 92	$ 174
Other Liabilities	(540)	(465)
Total	(1,555)	(1,556)
Fair value of borrowings	43,404	41,456
Interest rate
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative Liabilities	(1,446)	(1,791)
Foreign exchange
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative Asset	748	1,336
Derivative Liabilities	(421)	(815)
Other Derivative
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative Asset	12	18
Derivative Liabilities		(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
Level 2
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Investments	92	128
Other Liabilities	(540)	(465)
Total	(1,555)	(1,602)
Fair value of borrowings	41,956	40,123
Level 2 | Interest rate
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative Liabilities	(1,446)	(1,791)
Level 2 | Foreign exchange
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative Asset	748	1,336
Derivative Liabilities	(421)	(815)
Level 2 | Other Derivative
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative Asset	12	18
Derivative Liabilities		(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	1,448	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

Gross Fair Value of Derivative

Gross Fair Value of Derivative Positions (Details) - USD ($) $ in Millions	Mar. 30, 2024	Sep. 30, 2023
Current Assets
Derivatives, Fair Value [Line Items]
Derivative Asset, Fair Value, Gross Asset Including Not Subject to Master Netting Arrangement	$ 554	$ 991
Derivative Asset, Counterparty Netting Offset	(397)	(770)
Derivative Asset, Collateral, Obligation to Return Cash, Offset	(45)	(123)
Net derivative positions	112	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	468	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	3	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	76	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	7	0
Other Assets
Derivatives, Fair Value [Line Items]
Derivative Asset, Fair Value, Gross Asset Including Not Subject to Master Netting Arrangement	298	491
Derivative Asset, Counterparty Netting Offset	(172)	(262)
Derivative Asset, Collateral, Obligation to Return Cash, Offset	0	(7)
Net derivative positions	126	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	203	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	2	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	1	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	92	128
Other Current Liabilities
Derivatives, Fair Value [Line Items]
Derivative Liability, Fair Value, Gross Liability Including Not Subject to Master Netting Arrangement	(1,800)	(2,447)
Derivative Liability, Counterparty netting offset	506	900
Derivative Liability, Collateral, Right to Reclaim Cash, Offset	983	1,257
Net derivative positions	(311)	(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	(147)	(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	(1,446)	(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	0	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	(207)	(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	(67)	(172)
Derivative Liability, Counterparty netting offset	63	132
Derivative Liability, Collateral, Right to Reclaim Cash, Offset	0	0
Net derivative positions	(4)	(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	(66)	(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	0	0
Other Long-Term Liabilities | Derivatives not designated as hedges | Foreign exchange
Derivatives, Fair Value [Line Items]
Derivative Liability, Fair Value, Gross Liability Including Not Subject to Master Netting Arrangement	(1)	(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	Mar. 30, 2024	Sep. 30, 2023
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Hedged Liability, Fair Value Hedge	$ 12,558	$ 12,187
Hedged Liability, Fair Value Hedge, Cumulative Increase (Decrease)	(1,395)	(1,753)
Current Portion of Borrowings
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Hedged Liability, Fair Value Hedge	2,842	1,439
Hedged Liability, Fair Value Hedge, Cumulative Increase (Decrease)	(78)	(59)
Borrowings
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Hedged Liability, Fair Value Hedge	9,716	10,748
Hedged Liability, Fair Value Hedge, Cumulative Increase (Decrease)	$ (1,317)	$ (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		6 Months Ended
	Mar. 30, 2024	Apr. 01, 2023	Mar. 30, 2024	Apr. 01, 2023
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) on pay-floating swaps	$ (89)	$ 235	$ 343	$ 306
Gain (loss) on hedged borrowings	89	(235)	(343)	(306)
Derivative, Gain (Loss) on Derivative, Net	$ (153)	$ (125)	$ (307)	$ (220)

Derivative Instruments Effect o

Derivative Instruments Effect of Foreign Currency Cash Flow Hedges on AOCI (Details) - USD ($) $ in Millions		3 Months Ended		6 Months Ended
		Mar. 30, 2024	Apr. 01, 2023	Mar. 30, 2024	Apr. 01, 2023
Foreign Currency Fair Value Hedge Derivative [Line Items]
Unrealized Gain (Loss) on Foreign Currency Derivatives, Net, before Tax		$ 237	$ 15	$ (27)	$ (487)
Foreign Currency Cash Flow Hedge Gain (Loss) Reclassified to Earnings, Net	[1]	$ 93	$ 116	$ 234	$ 338
[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		6 Months Ended
	Mar. 30, 2024	Apr. 01, 2023	Mar. 30, 2024	Apr. 01, 2023
Costs and Expenses
Derivative Instruments, Gain (Loss) [Line Items]
Net gain (loss) on foreign currency denominated assets and liabilities	$ (103)	$ 15	$ (68)	$ 160
Net gain (loss) on foreign exchange risk management contracts not designated as hedges	87	(47)	(39)	(260)
Net gain (loss)	(16)	(32)	(107)	(100)
Interest Expense
Derivative Instruments, Gain (Loss) [Line Items]
Net gain (loss) on foreign currency denominated assets and liabilities	21	(2)	(2)	(20)
Net gain (loss) on foreign exchange risk management contracts not designated as hedges	(23)	1	(2)	19
Net gain (loss)	(2)	(1)	(4)	(1)
Income Taxes
Derivative Instruments, Gain (Loss) [Line Items]
Net gain (loss) on foreign currency denominated assets and liabilities	7	(21)	(39)	(109)
Net gain (loss) on foreign exchange risk management contracts not designated as hedges	(20)	17	22	87
Net gain (loss)	$ (13)	$ (4)	$ (17)	$ (22)

Derivative Instruments - Additi

Derivative Instruments - Additional Information (Details) $ in Millions, $ in Billions	3 Months Ended	6 Months Ended
	Mar. 30, 2024 USD ($)	Mar. 30, 2024 USD ($)	Mar. 30, 2024 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	$ 309
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	1,300	$ 1,300		$ 1,600
Derivatives designated as hedges | Interest rate | Fair Value Hedging
Derivative [Line Items]
Derivative, Notional Amount	13,500	13,500		13,500
Derivatives designated as hedges | Foreign exchange | Cash Flow Hedging
Derivative [Line Items]
Derivative, Notional Amount	9,800	9,800		8,300
Derivatives designated as hedges | Currency Swap | Fair Value Hedging
Derivative [Line Items]
Derivative, Notional Amount	1,000	1,000	$ 1.3	1,000	$ 1.3
Not Designated as Hedging Instrument | Foreign exchange
Derivative [Line Items]
Derivative, Notional Amount	3,100	3,100		3,100
Not Designated as Hedging Instrument | Other Derivative
Derivative [Line Items]
Derivative, Notional Amount	$ 500	$ 500		$ 400

Restructuring and Impairment _2

Restructuring and Impairment Charges - Additional Details (Details) - USD ($) $ in Millions		3 Months Ended		6 Months Ended
		Mar. 30, 2024	Apr. 01, 2023	Mar. 30, 2024		Apr. 01, 2023
Restructuring Cost and Reserve [Line Items]
Goodwill Impairment				$ 2,038	[1]	$ 0
Restructuring and impairment charges	[2]	$ 2,052	$ 152	$ 2,052		221
Severance and Russia Business
Restructuring Cost and Reserve [Line Items]
Restructuring and impairment charges						$ 221
Employee Severance
Restructuring Cost and Reserve [Line Items]
Restructuring and impairment charges			$ 152
Star India
Restructuring Cost and Reserve [Line Items]
Goodwill Impairment		1,300
Entertainment Linear Networks
Restructuring Cost and Reserve [Line Items]
Goodwill Impairment		$ 700
[1] Reflects impairments related to entertainment linear networks and Star India (see Note 17). See Note 17 for a discussion of amounts in restructuring and impairment charges.