WALT DISNEY CO, 10-K filed on 11/29/2022
Annual Report
v3.22.2.2
Document and Entity Information - USD ($)
$ in Billions
 12 Months Ended
Oct. 01, 2022
Nov. 23, 2022
Apr. 02, 2022
Document Type 10-K    
Document Annual Report true    
Document Period End Date Oct. 01, 2022    
Current Fiscal Year End Date --10-01    
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 Well-known Seasoned Issuer Yes    
Entity Voluntary Filers No    
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    
ICFR Auditor Attestation Flag true    
Entity Shell Company false    
Entity Public Float     $ 249.5
Entity Common Stock, Shares Outstanding   1,823,591,988  
Amendment Flag false    
Document Fiscal Year Focus 2022    
Document Fiscal Period Focus FY    
Entity Central Index Key 0001744489    
v3.22.2.2
Audit Information
 12 Months Ended
Oct. 01, 2022
Audit Information [Abstract]  
Auditor Name PricewaterhouseCoopers LLP
Auditor Firm ID 238
Auditor Location Los Angeles, California
v3.22.2.2
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
 12 Months Ended
Oct. 01, 2022
Oct. 02, 2021
Oct. 03, 2020
Revenues $ 82,722 $ 67,418 $ 65,388
Selling, general, administrative and other (16,388) (13,517) (12,369)
Depreciation and amortization (5,163) (5,111) (5,345)
Total costs and expenses (75,952) (63,759) (61,594)
Restructuring and impairment charges (237) (654) (5,735)
Other income (expense), net (667) 201 1,038
Interest expense, net (1,397) (1,406) (1,491)
Equity in the income of investees 816 761 651
Total income (loss) from continuing operations 5,285 2,561 (1,743)
Income taxes on continuing operations (1,732) (25) (699)
Net income (loss) from continuing operations 3,553 2,536 (2,442)
Loss from discontinued operations, net of income tax benefit of $14, $9 and $10, respectively (48) (29) (32)
Net income (loss) 3,505 2,507 (2,474)
Net income from continuing operations attributable to noncontrolling and redeemable noncontrolling interests (360) (512) (390)
Net income (loss) attributable to The Walt Disney Company (Disney) $ 3,145 $ 1,995 $ (2,864)
Earnings per share attributable to Disney      
Continuing Operations, Per Diluted Share $ 1.75 $ 1.11 $ (1.57)
Discontinued Operation, Per Diluted Share (0.03) (0.02) (0.02)
Diluted [1] 1.72 1.09 (1.58)
Continuing Operations, Per Basic Share 1.75 1.11 (1.57)
Discontinued Operation, Per Basic Share (0.03) (0.02) (0.02)
Basic [1] $ 1.73 $ 1.10 $ (1.58)
Weighted average number of common and common equivalent shares outstanding:      
Diluted (shares) 1,827 1,828 1,808
Basic (shares) 1,822 1,816 1,808
Service      
Revenues $ 74,200 $ 61,768 $ 59,265
Cost of Goods and Services Sold (48,962) (41,129) (39,406)
Product      
Revenues 8,522 5,650 6,123
Cost of Goods and Services Sold $ (5,439) $ (4,002) $ (4,474)
[1] Total may not equal the sum of the column due to rounding.
v3.22.2.2
CONSOLIDATED STATEMENTS OF OPERATIONS (Parenthetical) - USD ($)
$ in Millions
 12 Months Ended
Oct. 01, 2022
Oct. 02, 2021
Oct. 03, 2020
Discontinued Operation, Tax Effect of Discontinued Operation $ (14) $ (9) $ (10)
v3.22.2.2
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($)
$ in Millions
 12 Months Ended
Oct. 01, 2022
Oct. 02, 2021
Oct. 03, 2020
Net income (loss) $ 3,505 $ 2,507 $ (2,474)
Other comprehensive income (loss), net of tax:      
Market value adjustments, primarily for hedges 735 41 (251)
Pension and postretirement medical plan adjustments 2,503 1,850 (1,476)
Foreign currency translation and other (1,060) 77 115
Other comprehensive income (loss) 2,178 1,968 (1,612)
Comprehensive income (loss) 5,683 4,475 (4,086)
Net income from continuing operations attributable to noncontrolling interests (360) (512) (390)
Other comprehensive income (loss) attributable to noncontrolling interests 143 (86) (93)
Comprehensive income (loss) attributable to Disney $ 5,466 $ 3,877 $ (4,569)
v3.22.2.2
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Oct. 01, 2022
Oct. 02, 2021
Current assets    
Cash and cash equivalents $ 11,615 $ 15,959
Receivables, net 12,652 13,367
Inventories 1,742 1,331
Content advances 1,890 2,183
Other current assets 1,199 817
Total current assets 29,098 33,657
Produced and licensed content costs 35,777 29,549
Investments 3,218 3,935
Attractions, buildings and equipment 66,998 64,892
Accumulated depreciation (39,356) (37,920)
Parks, resorts and other property, before projects in progress and land, Total 27,642 26,972
Projects in progress 4,814 4,521
Land 1,140 1,131
Parks, resorts and other property 33,596 32,624
Intangible assets, net 14,837 17,115
Goodwill 77,897 78,071
Other assets 9,208 8,658
Total assets [1] 203,631 203,609
Current liabilities    
Accounts payable and other accrued liabilities 20,213 20,894
Current portion of borrowings 3,070 5,866
Deferred revenue and other 5,790 4,317
Total current liabilities 29,073 31,077
Borrowings 45,299 48,540
Deferred income taxes 8,363 7,246
Other long-term liabilities 12,518 14,522
Commitments and contingencies
Redeemable noncontrolling interest 9,499 9,213
Equity    
Preferred stock 0 0
Common stock, $0.01 par value, Authorized – 4.6 billion shares, Issued – 1.8 billion shares 56,398 55,471
Retained earnings 43,636 40,429
Accumulated other comprehensive loss (4,119) (6,440)
Treasury stock, at cost, 19 million shares (907) (907)
Total Disney Shareholders’ equity 95,008 88,553
Noncontrolling interests 3,871 4,458
Total equity 98,879 93,011
Total liabilities and equity $ 203,631 $ 203,609
[1] Equity method investments included in identifiable assets by segment are as follows:
October 1, 2022October 2, 2021
Disney Media and Entertainment Distribution$2,633  $2,578  
Disney Parks, Experiences and Products2  2  
Corporate43  58  
$2,678  $2,638  
Intangible assets, which include character/franchise intangibles, copyrights, trademarks, MVPD agreements and FCC licenses (see Note 13), included in identifiable assets by segment are as follows:
October 1, 2022October 2, 2021
Disney Media and Entertainment Distribution$11,981  $14,143  
Disney Parks, Experiences and Products2,836  2,952  
Corporate20  20  
$14,837  $17,115  
v3.22.2.2
CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares
shares in Millions
Oct. 01, 2022
Oct. 02, 2021
Statement of Financial Position [Abstract]    
Common stock, par value (usd per share) $ 0.01 $ 0.01
Common stock, authorized 4,600 4,600
Common stock, issued 1,800 1,800
Treasury stock, shares 19 19
v3.22.2.2
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 12 Months Ended
Oct. 01, 2022
Oct. 02, 2021
Oct. 03, 2020
Net income (loss) from continuing operations $ 3,553 $ 2,536 $ (2,442)
OPERATING ACTIVITIES      
Depreciation and amortization 5,163 5,111 5,345
Goodwill and intangible asset impairments 0 0 4,953
Net (gain) loss on investments 714 (332) (920)
Deferred income taxes 200 (1,241) (392)
Equity in the income of investees (816) (761) (651)
Cash distributions received from equity investees 779 754 774
Net change in produced and licensed content costs and advances (6,271) (4,301) 397
Equity-based compensation 977 600 525
Pension and Postretirement Medical Amortization 620 816 547
Other, net 595 190 125
Changes in operating assets and liabilities      
Receivables 605 (357) 1,943
Inventories (420) 252 14
Other assets (707) 171 (157)
Accounts payable and other liabilities 964 2,410 (2,293)
Income taxes 46 (282) (152)
Cash provided by operations - continuing operations 6,002 5,566 7,616
INVESTING ACTIVITIES      
Investments in parks, resorts and other property (4,943) (3,578) (4,022)
Other, net (65) 407 172
Cash used in investing activities - continuing operations (5,008) (3,171) (3,850)
FINANCING ACTIVITIES      
Commercial paper payments, net (334) (26) (3,354)
Borrowings 333 64 18,120
Reduction of borrowings (4,016) (3,737) (3,533)
Dividends 0 0 (1,587)
Proceeds from exercise of stock options 127 435 305
Acquisition of redeemable noncontrolling interests 0 (350) 0
Other, net (839) (771) (1,471)
Cash provided by (used in) financing activities - continuing operations (4,729) (4,385) 8,480
CASH FLOWS FROM DISCONTINUED OPERATIONS      
Cash provided by operations - discontinued operations 8 1 2
Cash provided by investing activities - discontinued operations 0 8 213
Cash used in financing activities - discontinued operations (12) 0 0
Cash (used in) provided by discontinued operations (4) 9 215
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents, Including Disposal Group and Discontinued Operations (603) 30 38
Change in Cash, Cash Equivalents and Restricted Cash (4,342) (1,951) 12,499
Cash, cash equivalents and restricted cash, beginning of year 16,003 17,954 5,455
Cash, cash equivalents and restricted cash, end of year 11,661 16,003 17,954
Supplemental disclosure of cash flow information:      
Interest paid 1,685 1,892 1,559
Income taxes paid $ 1,097 $ 1,638 $ 738
v3.22.2.2
CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY - USD ($)
shares in Millions, $ in Millions
Total
Common Stock
Retained Earnings
Accumulated Other Comprehensive Income (Loss)
Treasury Stock
Total Disney Equity
Noncontrolling Interest
 [1]
Total excluding redeemable noncontrolling interest [Member]
BEGINNING BALANCE (in shares) at Sep. 28, 2019   1,802            
BEGINNING BALANCE at Sep. 28, 2019   $ 53,907 $ 42,494 $ (6,617) $ (907) $ 88,877 $ 5,012 $ 93,889
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Comprehensive income $ (4,086)   (2,864) (1,705)   (4,569) 198 (4,371)
Equity compensation activity (in shares)   8            
Equity compensation activity   $ 590       590   590
Dividends   9 (1,596)     (1,587)   (1,587)
Contributions             94 94
Adoption of New Accounting Pronouncement | Accounting Standards Update, Other     197 0   197   197
Distributions and other   $ (9) 84     75 (624) (549)
ENDING BALANCE (in shares) at Oct. 03, 2020   1,810            
ENDING BALANCE at Oct. 03, 2020   $ 54,497 38,315 (8,322) (907) 83,583 4,680 88,263
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Comprehensive income 4,475   1,995 1,882   3,877 284 4,161
Equity compensation activity (in shares)   8            
Equity compensation activity   $ 904       904   904
Contributions             89 89
Adoption of New Accounting Pronouncement | Accounting Standards Update 2016-02     109     109   109
Distributions and other   $ 70 10     80 (595) (515)
ENDING BALANCE (in shares) at Oct. 02, 2021   1,818            
ENDING BALANCE at Oct. 02, 2021 93,011 $ 55,471 40,429 (6,440) (907) 88,553 4,458 93,011
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Comprehensive income 5,683   3,145 2,321   5,466 (68) 5,398
Equity compensation activity (in shares)   6            
Equity compensation activity   $ 925       925   925
Contributions             74 74
Distributions and other   $ 2 62     64 (593) (529)
ENDING BALANCE (in shares) at Oct. 01, 2022   1,824            
ENDING BALANCE at Oct. 01, 2022 $ 98,879 $ 56,398 $ 43,636 $ (4,119) $ (907) $ 95,008 $ 3,871 $ 98,879
[1] Excludes redeemable noncontrolling interest.
v3.22.2.2
Description of the Business and Segment Information
 12 Months Ended
Oct. 01, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Description of the Business and Segment Information Description of the Business and Segment Information
The Walt Disney Company, together with the subsidiaries through which businesses are conducted (the Company), is a diversified worldwide entertainment company with operations in the Disney Media and Entertainment Distribution (DMED) and Disney Parks, Experiences and Products (DPEP) segments.
The terms “Company”, “we”, “our” and “us” are used in this report to refer collectively to the parent company and the subsidiaries through which businesses are conducted.
Impact of COVID-19
Since early 2020, the world has been, and continues to be, impacted by the novel coronavirus (COVID-19) and its variants. COVID-19 and measures to prevent its spread have impacted our segments in a number of ways, most significantly at DPEP where our theme parks and resorts were closed and cruise ship sailings and guided tours were suspended. In addition, at DMED we delayed, or in some cases, shortened or cancelled theatrical releases and experienced disruptions in the production and availability of content. Operations have resumed at various points since May 2020, with certain theme park and resort operations and film and television productions resuming by the end of fiscal 2020 and throughout fiscal 2021. Although operations resumed, many of our businesses continue to experience impacts from COVID-19, such as incremental health and safety measures and related increased expenses, capacity restrictions and closures (including at some of our international parks and in theaters in certain markets), and disruption of content production activities.
The impact of COVID-19 related disruptions on our financial and operating results will be dictated by the currently unknowable duration and severity of COVID-19 and its variants, and among other things, governmental actions imposed in response to COVID-19 and individuals’ and companies’ risk tolerance regarding health matters going forward. We have incurred and will continue to incur additional costs to address government regulations and the safety of our employees, guests and talent.
In fiscal 2020, the Company recorded goodwill and intangible asset impairments totaling $5.0 billion, in part due to the negative impact COVID-19 has had on the International Channels business (see Note 18).
DESCRIPTION OF THE BUSINESS
Disney Media and Entertainment Distribution
DMED encompasses the Company’s global film and episodic television content production and distribution
activities. Content is distributed by a single organization across three significant lines of business: Linear Networks, Direct-to-Consumer and Content Sales/Licensing. Content is generally created/licensed by four groups: Studios, General Entertainment, Sports and International. The distribution organization has full accountability for the financial results of the entire media and entertainment business.
The operations of DMED’s significant lines of business are as follows:
•Linear Networks
◦Domestic Channels: ABC Television Network and eight owned ABC television stations (Broadcasting), and Disney, ESPN (80% interest), Freeform, FX and National Geographic (73% interest) branded domestic television networks (Cable)
◦International Channels: Disney, ESPN, Fox, National Geographic and Star branded television networks outside the U.S.
◦A 50% equity investment in A+E Television Networks (A+E), which operates a variety of cable channels including A&E, HISTORY and Lifetime
•Direct-to-Consumer
◦Disney+, Disney+ Hotstar, ESPN+ (68% effective interest), Hulu and Star+ direct-to-consumer (DTC) video streaming services
•Content Sales/Licensing
◦Sale/licensing of film and television content to third-party television and subscription/advertising video-on-demand (TV/SVOD) services
◦Theatrical distribution
◦Home entertainment distribution (DVD, Blu-ray discs and electronic home video licenses)
◦Music distribution
◦Staging and licensing of live entertainment events on Broadway and around the world (Stage Plays)
DMED also includes the following activities that are reported with Content Sales/Licensing:
•Post-production services by Industrial Light & Magic and Skywalker Sound
•National Geographic magazine and online business
•A 30% ownership interest in Tata Play Limited (formerly Tata Sky Limited), which operates a direct-to-home satellite distribution platform in India
The significant revenues of DMED are as follows:
•Affiliate fees - Fees charged by our Linear Networks to multi-channel video programming distributors (i.e. cable, satellite, telecommunications and digital over-the-top (e.g. YouTube TV) service providers) (MVPDs) and television stations affiliated with the ABC Network for the right to deliver our programming to their customers
•Subscription fees - Fees charged to customers/subscribers for our DTC streaming services
•Advertising - Sales of advertising time/space on our Linear Networks and Direct-to-Consumer
•TV/SVOD distribution - Licensing fees and other revenue for the right to use our film and television productions and revenue from fees charged to customers to view our sports programming (“pay-per-view”) and fees for streaming access to films that are also playing in theaters (“Premier Access”). TV/SVOD distribution revenue is primarily reported in Content Sales/Licensing, except for pay-per-view and Premier Access revenues, which are reported in Direct-to-Consumer.
•Theatrical distribution - Rentals from licensing our film productions to theaters
•Home entertainment - Sale of our film and television content to retailers and distributors in home video formats
•Other content sales/licensing revenue - Revenues from licensing our music, ticket sales from stage play performances and fees from licensing our intellectual properties (“IP”) for use in stage plays
•Other revenue - Fees from sub-licensing of sports programming rights (reported in Linear Networks) and sales of post-production services (reported with Content Sales/Licensing)
The significant expenses of DMED are as follows:
•Operating expenses consist primarily of programming and production costs, technical support costs, operating labor, distribution costs and costs of sales. Programming and production costs include amortization of licensed programming rights (including sports rights), amortization of capitalized production costs, subscriber-based fees for programming our Hulu services, production costs related to live programming such as news and sports and amortization of participations and residual obligations. Programming and production costs also include fees paid to Linear Networks from other DMED businesses for the right to air our linear networks and related services. These costs are largely incurred across four content creation/licensing groups, as follows:
◦Studios - Primarily capitalized production costs related to films produced under the Walt Disney Pictures, Twentieth Century Studios, Marvel, Lucasfilm, Pixar and Searchlight Pictures banners
◦General Entertainment - Primarily internal production of and acquisition of rights to episodic television programs and news content. Internal content is generally produced by the following television studios: ABC Signature; 20th Television; Disney Television Animation, FX Productions and various studios for which we commission productions for our branded channels and DTC streaming services.
◦Sports - Primarily acquisition of professional and college sports programming rights and related production costs
◦International - Primarily internal production of and acquisition of rights to local content outside the U.S. and Canada.
•Selling, general and administrative costs, including marketing costs
•Depreciation and amortization
Disney Parks, Experiences and Products
The operations of DPEP’s significant lines of business are as follows:
•Parks & Experiences:
◦Theme parks and resorts, which include: Walt Disney World Resort in Florida; Disneyland Resort in California; Disneyland Paris; Hong Kong Disneyland Resort (48% ownership interest); and Shanghai Disney Resort (43% ownership interest), all of which are consolidated in our results. Additionally, the Company licenses our IP to a third party to operate Tokyo Disney Resort
◦Disney Cruise Line, Disney Vacation Club, National Geographic Expeditions (73% ownership interest), Adventures by Disney and Aulani, a Disney Resort & Spa in Hawaii
•Consumer Products:
◦Licensing of our trade names, characters, visual, literary and other IP to various manufacturers, game developers, publishers and retailers throughout the world, for use on merchandise, published materials and games
◦Sale of branded merchandise through online, retail and wholesale businesses, and development and publishing of books, comic books and magazines (except National Geographic, which is reported in DMED)
The significant revenues of DPEP are as follows:
•Theme park admissions - Sales of tickets for admission to our theme parks and for premium access to certain attractions (e.g. Genie+ and Lightning Lane)
•Parks & Experiences merchandise, food and beverage - Sales of merchandise, food and beverages at our theme parks and resorts and cruise ships
•Resorts and vacations - Sales of room nights at hotels, sales of cruise and other vacations and sales and rentals of vacation club properties
•Merchandise licensing and retail:
◦Merchandise licensing - Royalties from licensing our IP for use on consumer goods
◦Retail - Sales of merchandise through internet shopping sites generally branded shopDisney and at The Disney Store, as well as to wholesalers (including books, comic books and magazines)
•Parks licensing and other - Revenues from sponsorships and co-branding opportunities, real estate rent and sales and royalties earned on Tokyo Disney Resort revenues
The significant expenses of DPEP are as follows:
•Operating expenses consist primarily of operating labor, costs of goods sold, infrastructure costs, supplies, commissions and entertainment offerings. Infrastructure costs include technology support costs, repairs and maintenance, property taxes, utilities and fuel, retail occupancy costs, insurance and transportation
•Selling, general and administrative costs, including marketing costs
•Depreciation and amortization
SEGMENT INFORMATION
Our operating segments report separate financial information, which is evaluated regularly by the Chief Executive Officer in order to decide how to allocate resources and to assess performance.
Segment operating results reflect earnings before corporate and unallocated shared expenses, restructuring and impairment charges, net other income, net interest expense, income taxes and noncontrolling interests. Segment operating income includes equity in the income of investees and excludes impairments of certain equity investments and acquisition accounting amortization of TFCF Corporation (TFCF) and Hulu assets (i.e. intangible assets and the fair value step-up for film and television costs) recognized in connection with the TFCF acquisition in fiscal 2019 (TFCF and Hulu acquisition amortization). Corporate and unallocated shared expenses principally consist of corporate functions, executive management and certain unallocated administrative support functions.
Segment operating results include allocations of certain costs, including information technology, pension, legal and other shared services costs, which are allocated based on metrics designed to correlate with consumption.
Segment revenues and segment operating income are as follows:
202220212020
Revenues
Disney Media and Entertainment Distribution$55,040  $50,866  $48,350  
Disney Parks, Experiences and Products28,705  16,552  17,038  
Total segment revenues$83,745  $67,418  $65,388  
Segment operating income
Disney Media and Entertainment Distribution$4,216  $7,295  $7,653  
Disney Parks, Experiences and Products7,905  471  455  
Total segment operating income(1)
$12,121  $7,766  $8,108  
(1)Equity in the income of investees is included in segment operating income as follows:
202220212020
Disney Media and Entertainment Distribution$838  $795  $696  
Disney Parks, Experiences and Products(10) (19) (19) 
Equity in the income of investees included in segment operating income828  776  677  
Amortization of TFCF intangible assets related to equity investees
(12) (15) (26) 
Equity in the income of investees$816  $761  $651  
A reconciliation of segment revenues to total revenues is as follows:
 202220212020
Segment revenues$83,745 $67,418   $65,388 
Content License Early Termination(1)
(1,023)  — —   
Total revenues$82,722 $67,418 $65,388 
(1)In fiscal 2022, the Company recognized a reduction in revenue for amounts to early terminate certain license agreements with a customer for film and television content, which was delivered in previous years, in order for the Company to use the content primarily on our direct-to-consumer services (Content License Early Termination). Because the content is functional IP, we recognized substantially all of the consideration to be paid by the customer under the licenses as revenue in prior years when the content was made available under the agreements. Consequently, we have recorded the amounts to terminate the license agreements, net of remaining amounts of deferred revenue, as a reduction of revenue in the current year.
A reconciliation of segment operating income to income from continuing operations before income taxes is as follows:
202220212020
Segment operating income$12,121  $7,766  $8,108  
Content License Early Termination(1,023)— — 
Corporate and unallocated shared expenses(1,159) (928) (817) 
Restructuring and impairment charges(237) (654) (5,735) 
Other income, net(667) 201  1,038  
Interest expense, net(1,397) (1,406) (1,491) 
TFCF and Hulu acquisition amortization(1)
(2,353) (2,418) (2,846) 
Income (loss) from continuing operations before income taxes$5,285  $2,561  $(1,743) 
(1)For fiscal 2022, amortization of intangible assets, fair value step-up on film and television costs and intangibles related to TFCF equity investees were $1,707 million, $634 million and $12 million, respectively. For fiscal 2021, amortization of intangible assets, fair value step-up on film and television costs and intangibles related to TFCF equity investees were $1,757 million, $646 million and $15 million, respectively. For fiscal 2020, amortization of intangible assets, fair value step-up on film and television costs and intangibles related to TFCF equity investees were $1,921 million, $899 million and $26 million, respectively.
Capital expenditures, depreciation expense and amortization expense are as follows:
Capital expenditures202220212020
Disney Media and Entertainment Distribution$810  $862  $783  
Disney Parks, Experiences and Products
Domestic2,680  1,597  2,145  
International767  675  759  
Corporate686  444  335  
Total capital expenditures$4,943  $3,578  $4,022  
Depreciation expense
Disney Media and Entertainment Distribution$650  $613  $638  
Disney Parks, Experiences and Products
Domestic1,680  1,551  1,634  
International662  718  694  
Amounts included in segment operating income2,342  2,269  2,328  
Corporate191  186  174  
Total depreciation expense$3,183  $3,068  $3,140  
Amortization of intangible assets
Disney Media and Entertainment Distribution$164  $178  $175  
Disney Parks, Experiences and Products109  108  109  
Amounts included in segment operating income273  286  284  
TFCF and Hulu1,707  1,757  1,921  
Total amortization of intangible assets$1,980  $2,043  $2,205  
Identifiable assets, including equity method investments and intangible assets,(1) are as follows:
October 1, 2022October 2, 2021
Disney Media and Entertainment Distribution$148,129  $144,675  
Disney Parks, Experiences and Products43,027  41,763  
Corporate (primarily fixed asset and cash and cash equivalents)12,475  17,171  
Total consolidated assets$203,631  203,609  
(1)Equity method investments included in identifiable assets by segment are as follows:
October 1, 2022October 2, 2021
Disney Media and Entertainment Distribution$2,633  $2,578  
Disney Parks, Experiences and Products2  2  
Corporate43  58  
$2,678  $2,638  
Intangible assets, which include character/franchise intangibles, copyrights, trademarks, MVPD agreements and FCC licenses (see Note 13), included in identifiable assets by segment are as follows:
October 1, 2022October 2, 2021
Disney Media and Entertainment Distribution$11,981  $14,143  
Disney Parks, Experiences and Products2,836  2,952  
Corporate20  20  
$14,837  $17,115  
The following table presents our revenues and segment operating income by geographical markets:
202220212020
Revenues
Americas$68,218  $54,157  $51,992  
Europe8,680  6,690  7,333  
Asia Pacific6,847  6,571  6,063  
83,745  $67,418  $65,388  
Content License Early Termination(1,023) 
$82,722  
Segment operating income (loss)
Americas$11,099  $6,314  $5,819  
Europe586  800  1,273  
Asia Pacific436  652  1,016  
$12,121  $7,766  $8,108  
Long-lived assets(1) by geographical markets are as follows:
October 1, 2022October 2, 2021
Americas$150,786  $144,788  
Europe8,739  8,215  
Asia Pacific10,976  12,012  
$170,501  $165,015  
(1)Long-lived assets are total assets less: current assets, long-term receivables, deferred taxes, financial investments and the fair value of derivative instruments.
The changes in the carrying amount of goodwill are as follows:
DMEDDPEPTotal
Balance at Oct. 3, 2020$72,139  $5,550  $77,689  
Currency translation adjustments and other, net382  —  382  
Balance at Oct. 2, 2021$72,521  $5,550  $78,071  
Currency translation adjustments and other, net(174) —  (174) 
Balance at Oct. 1, 2022$72,347  $5,550  $77,897  
v3.22.2.2
Summary of Significant Accounting Policies
 12 Months Ended
Oct. 01, 2022
Accounting Policies [Abstract]  
Summary of Significant Accounting Policies Summary of Significant Accounting Policies
Principles of Consolidation
The consolidated financial statements of the Company include the accounts of The Walt Disney Company and its majority-owned or controlled subsidiaries. Intercompany accounts and transactions have been eliminated in consolidation.
The Company enters into relationships with or makes investments in other entities that may be variable interest entities (VIE). A VIE is consolidated in the financial statements if the Company has the power to direct activities that most significantly impact the economic performance of the VIE and has the obligation to absorb losses or the right to receive benefits from the VIE that could potentially be significant (as defined by ASC 810-10-25-38) to the VIE. Hong Kong Disneyland Resort and Shanghai Disney Resort (together, the Asia Theme Parks) are VIEs in which the Company has less than 50% equity ownership. Company subsidiaries (the Management Companies) have management agreements with the Asia Theme Parks, which provide the Management Companies, subject to certain protective rights of joint venture partners, with the ability to direct the day-to-day operating activities and the development of business strategies that we believe most significantly impact the economic performance of the Asia Theme Parks. In addition, the Management Companies receive management fees under these arrangements that we believe could be significant to the Asia Theme Parks. Therefore, the Company has consolidated the Asia Theme Parks in its financial statements.
Reporting Period
The Company’s fiscal year ends on the Saturday closest to September 30 and consists of fifty-two weeks with the exception that approximately every six years, we have a fifty-three week year. When a fifty-three week year occurs, the Company reports the additional week in the fourth quarter. Fiscal 2022 and 2021 were fifty-two week years. Fiscal 2020 was a fifty-three week year, which began on September 29, 2019 and ended on October 3, 2020.
Reclassifications
Certain reclassifications have been made in the fiscal 2021 and fiscal 2020 financial statements and notes to conform to the fiscal 2022 presentation.
Use of Estimates
The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the amounts reported in the financial statements and footnotes thereto. Actual results may differ from those estimates.
Revenues and Costs from Services and Products
The Company generates revenue from the sale of both services and tangible products and revenues and operating costs are classified under these two categories in the Consolidated Statements of Operations. Certain costs related to both the sale of services and tangible products are not specifically allocated between the service or tangible product revenue streams but are instead attributed to the principal revenue stream. The cost of services and tangible products exclude depreciation and amortization.
Significant service revenues include:
•Affiliate fees
•Subscription fees to our DTC streaming services
•Advertising revenues
•Admissions to our theme parks, charges for room nights at hotels and sales of cruise vacation packages
•Revenue from the licensing and distribution of film and television properties
•Royalties from licensing our IP for use on consumer goods, published materials and in multi-platform games
Significant operating costs related to the sale of services include:
•Programming and production costs
•Distribution costs
•Operating labor
•Facilities and infrastructure costs
Significant tangible product revenues include:
•The sale of food, beverage and merchandise at our retail locations
•The sale of DVDs and Blu-ray discs
•The sale of books, comic books and magazines
Significant operating costs related to the sale of tangible products include:
•Costs of goods sold
•Operating labor
•Programming and production costs
•Distribution costs
•Retail occupancy costs
Revenue Recognition
The Company’s revenue recognition policies are as follows:
•Affiliate fees are recognized as the programming is provided based on contractually specified per subscriber rates and the actual number of the affiliate’s customers receiving the programming. For affiliate contracts with fixed license fees, the fees are recognized ratably over the contract term. If an affiliate contract includes a minimum guaranteed license fee, the guaranteed license fee is recognized ratably over the guaranteed period and any fees earned in excess of the guarantee are recognized as earned once the minimum guarantee has been exceeded. Affiliate agreements may also include a license to use the network programming for on demand viewing. As the fees charged under these contracts are generally based on a contractually specified per subscriber rate for the number of underlying subscribers of the affiliate, revenues are recognized as earned.
•Subscription fees are recognized ratably over the term of the subscription.
•Advertising sales are recognized as revenue, net of agency commissions, when commercials are aired. For contracts that contain a guaranteed number of impressions, revenues are recognized based on impressions delivered. When the guaranteed number of impressions is not met (“ratings shortfall”), revenues are not recognized for the ratings shortfall until the additional impressions are delivered.
•Theme park admissions are recognized when the tickets are used. Sales of annual passes are recognized ratably over the period for which the pass is available for use.
•Resorts and vacations sales are recognized as revenue as the services are provided to the guest. Sales of vacation club properties are recognized as revenue upon the later of when title transfers to the customer or when construction activity is deemed complete.
•Merchandise, food and beverage sales are recognized at the time of sale. Sales from our branded internet shopping sites and to wholesalers are recognized upon delivery. We estimate returns and customer incentives based upon historical return experience, current economic trends and projections of consumer demand for our products.
•Merchandise licensing fees are recognized as revenue as earned based on the contractual royalty rate applied to the licensee’s underlying product sales. For licenses with minimum guaranteed license fees, the excess of the minimum guaranteed amount over actual royalties earned (“shortfall”) is recognized straight-line over the remaining license period once an expected shortfall is probable.
•TV/SVOD distribution fixed license fees are recognized as revenue when the content is available for use by the licensee. License fees based on the underlying sales of the licensee are recognized as revenue as earned based on the contractual royalty rate applied to the licensee sales.
For TV/SVOD licenses that include multiple titles with a fixed license fee across all titles, each title is considered a separate performance obligation. The fixed license fee is allocated to each title at contract inception and the allocated license fee is recognized as revenue when the title is available for use by the licensee.
When the license contains a minimum guaranteed license fee across all titles, the license fees earned by titles in excess of their allocated amount are deferred until the minimum guaranteed license fee across all titles is exceeded. Once the minimum guaranteed license fee is exceeded, revenue is recognized as earned based on the licensee’s underlying sales.
TV/SVOD distribution contracts may limit the licensee’s use of a title to certain defined periods of time during the contract term. In these instances, each period of availability is generally considered a separate performance obligation. For these contracts, the fixed license fee is allocated to each period of availability at contract inception based on relative standalone selling price using management’s best estimate. Revenue is recognized at the start of each availability period when the content is made available for use by the licensee.
When the term of an existing agreement is renewed or extended, revenues are recognized when the licensed content becomes available under the renewal or extension.
•Theatrical distribution licensing fees are recognized as revenue based on the contractual royalty rate applied to the distributor’s underlying sales from exhibition of the film.
•Home entertainment sales in physical formats are recognized as revenue on the later of the delivery date or the date that the product can be sold by retailers. We reduce home entertainment revenues for estimated future returns of merchandise and sales incentives based upon historical return experience, current economic trends and projections of consumer demand for our products. Sales of our films in electronic formats are recognized as revenue when the product is available for use by the consumer.
•Taxes collected from customers and remitted to governmental authorities are excluded from revenue.
•Shipping and handling fees collected from customers are recorded as revenue and the related shipping expenses are recorded in cost of products upon delivery of the product to the consumer.
Allowance for Credit Losses
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 supportable forecasts of future economic conditions.
Advertising Expense
Advertising costs are expensed as incurred. Advertising expense for fiscal 2022, 2021 and 2020 was $7.2 billion, $5.5 billion and $4.7 billion, respectively. The increase in advertising expense for fiscal 2022 compared to fiscal 2021 was due to higher spend for our DTC streaming services and an increase in theatrical marketing costs. The increase in advertising expense for fiscal 2021 compared to fiscal 2020 was due to higher spend for our DTC streaming services.
Cash and Cash Equivalents
Cash and cash equivalents consist of cash on hand and marketable securities with original maturities of three months or less.
Cash and cash equivalents subject to contractual restrictions and not readily available are classified as restricted cash. The Company’s restricted cash balances are primarily made up of cash posted as collateral for certain derivative instruments.
The following table provides a reconciliation of cash, cash equivalents and restricted cash reported in the Consolidated Balance Sheet to the total of the amounts in the Consolidated Statements of Cash Flows.
October 1, 2022October 2, 2021October 3, 2020
Cash and cash equivalents$11,615$15,959$17,914
Restricted cash included in:
Other current assets333
Other assets434137
Total cash, cash equivalents and restricted cash in the statement of cash flows
$11,661$16,003$17,954
Investments
Investments in equity securities with a readily determinable fair value, not accounted for under the equity method, are recorded at that value with unrealized gains and losses included in earnings. For equity securities without a readily determinable fair value, the investment is recorded at cost, less any impairment, plus or minus adjustments related to observable transactions for the same or similar securities, with unrealized gains and losses included in earnings.
For equity method investments, the Company regularly reviews its investments to determine whether there is a decline in fair value below book value. If there is a decline that is other-than-temporary, the investment is written down to fair value.
Translation Policy
Generally, the U.S. dollar is the functional currency for our international film and television distribution and licensing businesses and the branded International Channels and DTC streaming services. Generally, the local currency is the functional currency for the Asia Theme Parks, Disneyland Paris, the Star branded channels in India, international sports channels and international locations of The Disney Store.
For U.S. dollar functional currency locations, foreign currency assets and liabilities are remeasured into U.S. dollars at end-of-period exchange rates, except for non-monetary balance sheet accounts, which are remeasured at historical exchange rates. Revenue and expenses are remeasured at average exchange rates in effect during each period, except for those expenses related to the non-monetary balance sheet amounts, which are remeasured at historical exchange rates. Gains or losses from foreign currency remeasurement are included in income.
For local currency functional locations, assets and liabilities are translated at end-of-period rates while revenues and expenses are translated at average rates in effect during the period. Equity is translated at historical rates and the resulting cumulative translation adjustments are included as a component of accumulated other comprehensive income (loss) (AOCI).
Inventories
Inventory primarily includes vacation timeshare units, merchandise, food, materials and supplies. Carrying amounts of vacation ownership units are recorded at the lower of cost or net realizable value. Carrying amounts of merchandise, food, materials and supplies inventories are generally determined on a moving average cost basis and are recorded at the lower of cost or net realizable value.
Film and Television Content Costs
The Company classifies its capitalized produced and acquired/licensed content costs as long-term assets (“Produced and licensed content costs” in the Consolidated Balance Sheet) and classifies advances for live programming rights made prior to the live event as short-term assets (“Content advances” in the Consolidated Balance Sheet). For produced content, we capitalize all direct costs incurred in the physical production of a film, as well as allocations of production overhead and capitalized interest. For licensed and acquired content, we capitalize the license fee or acquisition cost, respectively. 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)
The determination of the predominant monetization strategy is made at commencement of production on a consolidated basis and is based on the means by which we derive third-party revenues from use of the content. Imputed title by title license fees that may be necessary for other purposes are established as required for those purposes.
We generally classify content that is initially intended for use on our DTC streaming services or Linear Networks as group assets. We generally classify content initially intended for theatrical release or for sale to third-party licensees as individual assets. The predominant monetization strategy for content released prior to the beginning of fiscal 2020 (the date the Company adopted accounting guidance that was applied prospectively) was determined based on the expected means of monetization over the remaining life of the content. Thus for example, film titles that were released theatrically and in home entertainment prior to fiscal year 2020 and are now distributed on Disney+ are generally considered group content.
The classification of content as individual or group only changes if there is a significant change to the title’s monetization strategy relative to its initial assessment (e.g. content that was initially intended for license to a third party is instead used on an owned DTC service). When there is a significant change in monetization strategy, the title’s capitalized content costs are tested for impairment.
Production costs for content that is predominantly monetized individually are amortized based upon the ratio of the current period’s revenues to the estimated remaining total revenues (Ultimate Revenues). For film productions, Ultimate Revenues include revenues from all sources, which may include imputed license fees for content that is used on our DTC streaming services, that will be earned within ten years from the date of the initial release for theatrical films. For episodic television series that are classified as individual, Ultimate Revenues include revenues that will be earned within ten years, including imputed license fees for content that is used on our DTC streaming services, from delivery of the first episode, or if still in production, five years from delivery of the most recent episode, if later. Participations and residuals are expensed over the applicable product life cycle based upon the ratio of the current period’s revenues to the estimated remaining total revenues for each production.
Production costs that are predominantly monetized as a group are amortized based on projected usage, generally resulting in an accelerated or straight-line amortization pattern. Adjustments to projected usage are applied prospectively in the period of the change. Participations and residuals are generally expensed in line with the pattern of usage.
Licensed rights to film and television content and other programs for broadcast on our Linear Networks or DTC streaming services are expensed on an accelerated or straight-line basis over their useful life or over the number of times the program is expected to be aired, as appropriate. We amortize rights costs for multi-year sports programming arrangements during the applicable seasons based on the estimated relative value of each year in the arrangement. If annual contractual payments related to each season approximate each season’s estimated relative value, we expense the related contractual payments during the applicable season.
Acquired film and television libraries are generally amortized on a straight-line basis over 20 years from the date of acquisition. Acquired film and television libraries include content that was initially released three years prior to its acquisition, except it excludes the prior seasons of episodic television programming still in production at the date of its acquisition.
Amortization of capitalized costs for produced and acquired content begins in the month the content is first released, while amortization of capitalized costs for licensed content commences when the license period begins and the content is first aired or available for use on our DTC services. Amortization of content assets is primarily included in “Cost of services” in the Consolidated Statements of Operations.
The costs of produced and licensed film and television content are subject to regular recoverability assessments. For content that is predominantly monetized individually, the unamortized costs are compared to the estimated fair value. The fair value is determined based on a discounted cash flow analysis of the cash flows directly attributable to the title. To the extent the unamortized costs exceed the fair value, an impairment charge is recorded for the excess. For content that is predominantly monetized as a group, the aggregate unamortized costs of the group are compared to the present value of the discounted cash flows using the lowest level for which identifiable cash flows are independent of other produced and licensed content. If the unamortized costs exceed the present value of discounted cash flows, an impairment charge is recorded for the excess and allocated to individual titles based on the relative carrying value of each title in the group. If there are no plans to continue to use an individual film or television program that is part of a group, the unamortized cost of the individual title is written-off immediately. Licensed content is included as part of the group within which it is monetized for purposes of assessing recoverability.
Internal-Use Software Costs
The Company expenses costs incurred in the preliminary project stage of developing or acquiring internal use software, such as research and feasibility studies as well as costs incurred in the post-implementation/operational stage, such as maintenance and training. Capitalization of software development costs occurs only after the preliminary-project stage is complete, management authorizes the project and it is probable that the project will be completed and the software will be used for the function intended. As of October 1, 2022 and October 2, 2021, capitalized software costs, net of accumulated amortization, totaled $1.1 billion and $1.2 billion, respectively. The capitalized costs are amortized on a straight-line basis over the estimated useful life of the software up to 7 years.
Parks, Resorts and Other Property
Parks, resorts and other property are carried at historical cost. Depreciation is computed on the straight-line method, generally over estimated useful lives as follows:
Attractions, buildings and improvements20 – 40 years
Furniture, fixtures and equipment3 – 25 years
Land improvements20 – 40 years
Leasehold improvementsLife of lease or asset life if less
Leases
The Company determines whether a contract is a lease at contract inception or for a modified contract at the modification date. At inception or modification, the Company calculates the present value of operating lease payments using the Company’s incremental borrowing rate applicable to the lease, which is determined by estimating what it would cost the Company to borrow a collateralized amount equal to the total lease payments over the lease term based on the contractual terms of the lease and the location of the leased asset. Our leases may require us to make fixed rental payments, variable lease payments based on usage or sales and fixed non-lease costs relating to the leased asset. Variable lease payments are generally not included in the measurement of the right-of-use asset and lease liability. Fixed non-lease costs, for example common-area maintenance costs, are included in the measurement of the right-of-use asset and lease liability as the Company does not separate lease and non-lease components.
Goodwill, Other Intangible Assets and Long-Lived Assets
The Company is required to test goodwill and other indefinite-lived intangible assets for impairment on an annual basis and if current events or circumstances require, on an interim basis. The Company performs its annual test of goodwill and indefinite-lived intangible assets for impairment in its fiscal fourth quarter.
Goodwill is allocated to various reporting units, which are an operating segment or one level below the operating segment. To test goodwill for impairment, the Company first performs a qualitative assessment to determine if it is more likely than not that the carrying amount of a reporting unit exceeds its fair value. If it is, a quantitative assessment is required. Alternatively, the Company may bypass the qualitative assessment and perform a quantitative impairment test.
The qualitative assessment requires the consideration of factors such as recent market transactions, macroeconomic conditions, and changes in projected future cash flows of the reporting unit.
The quantitative assessment compares the fair value of each goodwill reporting unit to its carrying amount, and to the extent the carrying amount exceeds the fair value, an impairment of goodwill is recognized for the excess up to the amount of goodwill allocated to the reporting unit.
In fiscal 2022, the Company bypassed the qualitative test and performed a quantitative assessment of goodwill for impairment.
The impairment test for goodwill requires judgment related to the identification of reporting units, the assignment of assets and liabilities to reporting units including goodwill, and the determination of fair value of the reporting units. To determine the fair value of our reporting units, we apply what we believe to be the most appropriate valuation methodology for each of our reporting units. We generally use a present value technique (discounted cash flows) corroborated by market multiples when available and as appropriate. The discounted cash flow analyses are sensitive to our estimates of future revenue growth and margins for these businesses as well as the discount rates used to calculate the present value of future cash flows. In times of adverse economic conditions in the global economy, the Company’s long-term cash flow projections are subject to a greater degree of uncertainty than usual. We believe our estimates are consistent with how a marketplace participant would value our reporting units. If we had established different reporting units or utilized different valuation methodologies or assumptions, the impairment test results could differ, and we could be required to record impairment charges.
To test its other indefinite-lived intangible assets for impairment, the Company first performs a qualitative assessment to determine if it is more likely than not that the carrying amount of each of its indefinite-lived intangible assets exceeds its fair
value. If it is, a quantitative assessment is required. Alternatively, the Company may bypass the qualitative assessment and perform a quantitative impairment test.
The qualitative assessment requires the consideration of factors such as recent market transactions, macroeconomic conditions, and changes in projected future cash flows.
The quantitative assessment compares the fair value of an indefinite-lived intangible asset to its carrying amount. If the carrying amount of an indefinite-lived intangible asset exceeds its fair value, an impairment loss is recognized for the excess. Fair values of indefinite-lived intangible assets are determined based on discounted cash flows or appraised values, as appropriate. The Company has determined that there are currently no legal, competitive, economic or other factors that materially limit the useful life of our FCC licenses and trademarks, which are our most significant indefinite-lived intangible assets.
Finite-lived intangible assets are generally amortized on a straight-line basis over periods up to 40 years. The costs to periodically renew our intangible assets are expensed as incurred.
The Company tests long-lived assets, including amortizable intangible assets, for impairment whenever events or changes in circumstances (triggering events) indicate that the carrying amount may not be recoverable. Once a triggering event has occurred, the impairment test employed is based on whether the Company’s intent is to hold the asset for continued use or to hold the asset for sale. The impairment test for assets held for use requires a comparison of the estimated undiscounted future cash flows expected to be generated over the useful life of the significant assets of an asset group to the carrying amount of the asset group. An asset group is generally established by identifying the lowest level of cash flows generated by a group of assets that are largely independent of the cash flows of other assets and could include assets used across multiple businesses. If the carrying amount of an asset group exceeds the estimated undiscounted future cash flows, an impairment would be measured as the difference between the fair value of the asset group and the carrying amount of the asset group. For assets held for sale, to the extent the carrying amount is greater than the asset’s fair value less costs to sell, an impairment loss is recognized for the difference.
The Company recorded non-cash impairment charges of $0.2 billion, $0.3 billion, and $5.2 billion in fiscal 2022, 2021 and 2020, respectively.
The fiscal 2022 charges primarily related to our businesses in Russia.
The fiscal 2021 charges primarily related to the closure of an animation studio and a substantial number of our Disney-branded retail stores in North America and Europe.
The fiscal 2020 impairment charges primarily related to impairments of MVPD agreement intangibles assets ($1.9 billion) and goodwill ($3.1 billion) at the International Channels business. See Note 18 to the Consolidated Financial Statements for additional discussion of these impairment charges.
The Company expects its aggregate annual amortization expense for finite-lived intangible assets for fiscal 2023 through 2027 to be as follows:
2023$1,808
20241,570
20251,459
2026966
2027888
Risk Management Contracts
In the normal course of business, the Company employs a variety of financial instruments (derivatives) including interest rate and cross-currency swap agreements and forward and option contracts to manage its exposure to fluctuations in interest rates, foreign currency exchange rates and commodity prices.
The Company formally documents all relationships between hedges and hedged items as well as its risk management objectives and strategies for undertaking various hedge transactions. The Company primarily enters into two types of derivatives: hedges of fair value exposure and hedges of cash flow exposure. Hedges of fair value exposure are entered into in order to hedge the fair value of a recognized asset, liability, or a firm commitment. Hedges of cash flow exposure are entered into in order to hedge a forecasted transaction (e.g. forecasted revenue) or the variability of cash flows to be paid or received, related to a recognized liability or asset (e.g. floating-rate debt).
The Company designates and assigns the derivatives as hedges of forecasted transactions, specific assets or specific liabilities. When hedged assets or liabilities are sold or extinguished or the forecasted transactions being hedged occur or are no longer expected to occur, the Company recognizes the gain or loss on the designated derivatives.
The Company’s hedge positions are measured at fair value on the balance sheet. Realized gains and losses from hedges are classified in the income statement consistent with the accounting treatment of the items being hedged. The Company accrues the differential for interest rate swaps to be paid or received under the agreements as interest rates change as adjustments to interest expense over the lives of the swaps. Gains and losses on the termination of effective swap agreements, prior to their original maturity, are deferred and amortized to interest expense over the remaining term of the underlying hedged transactions.
The Company enters into derivatives that are not designated as hedges and do not qualify for hedge accounting. These derivatives are intended to offset certain economic exposures of the Company and are carried at fair value with changes in value recorded in earnings. Cash flows from hedging activities are classified in the Consolidated Statements of Cash Flows under the same category as the cash flows from the related assets, liabilities or forecasted transactions (see Notes 8 and 17).
Income Taxes
Deferred income tax assets and liabilities are recorded 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.
A tax position must meet a minimum probability threshold before a financial statement benefit is recognized. The minimum threshold is defined as a tax position that is more likely than not to be sustained upon examination by the applicable taxing authority, including resolution of any related appeals or litigation processes, based on the technical merits of the position. The tax benefit to be recognized is measured as the largest amount of benefit that is greater than fifty percent likely of being realized upon ultimate settlement.
Redeemable Noncontrolling Interests
The Company consolidates the results of certain subsidiaries that are less than 100% owned and for which the noncontrolling interest shareholders have the rights to require the Company to purchase their interests in these subsidiaries. The most significant of these are Hulu LLC (Hulu) and BAMTech LLC (BAMTech).
Hulu provides DTC streaming services and is owned 67% by the Company and 33% by NBC Universal (NBCU). In May 2019, the Company entered into a put/call agreement with NBCU that provided the Company with full operational control of Hulu. Under the agreement, beginning in January 2024, NBCU has the option to require the Company to purchase NBCU’s interest in Hulu and the Company has the option to require NBCU to sell its interest in Hulu to the Company, in either case at a redemption value based on NBCU’s equity ownership percentage of the greater of Hulu’s then equity fair value or a guaranteed floor value of $27.5 billion.
NBCU’s interest will generally not be allocated its portion of Hulu’s losses, if any, as the redeemable noncontrolling interest is required to be carried at a minimum value. The minimum value is equal to the fair value as of the May 2019 agreement date accreted to the January 2024 estimated redemption value. At October 1, 2022, NBCU’s interest in Hulu is recorded in the Company’s financial statements at $8.7 billion.
BAMTech provides streaming technology services and is owned 85% by the Company and 15% by Major League Baseball (MLB).
MLB has the right to sell its interest to the Company and the Company has the right to buy MLB’s interest starting five years from and ending ten years after the Company’s September 25, 2017 acquisition date of BAMTech, in either case at a redemption value based on MLB’s equity ownership percentage of the greater of BAMTech’s then equity fair value or a guaranteed floor value ($563 million accreting at 8% annually for eight years from the date of acquisition).
The MLB interest is required to be carried at a minimum value equal to its acquisition date fair value accreted to its estimated redemption value through the applicable redemption date. Therefore, the MLB interest is generally not allocated its portion of BAMTech losses, if any. As of October 1, 2022, the MLB interest was recorded in the Company’s financial statements at $828 million. In November 2022, the Company purchased MLB’s 15% interest for $900 million.
Our estimate of the redemption value of noncontrolling interests requires management to make significant judgments with respect to the future value of the noncontrolling interests. We are accreting the noncontrolling interests of Hulu to its guaranteed floor value. If our estimate of the future redemption value increased above the guaranteed floor value, we would change our rate of accretion, which would generally increase the amount recorded in “Net income from continuing operations attributable to noncontrolling interests and redeemable noncontrolling interests” and thus reduce “Net income (loss) attributable to The Walt Disney Company (Disney)” on the Consolidated Statements of Operations.
Earnings Per Share
The Company presents both basic and diluted earnings per share (EPS) amounts. Basic EPS is calculated by dividing net income attributable to Disney by the weighted average number of common shares outstanding during the year. Diluted EPS is based upon the weighted average number of common and common equivalent shares outstanding during the year, which is calculated using the treasury-stock method for equity-based awards (Awards). Common equivalent shares are excluded from the computation in periods for which they have an anti-dilutive effect. Stock options for which the exercise price exceeds the average market price over the period are anti-dilutive and, accordingly, are excluded from the 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:
202220212020
Weighted average number of common and common equivalent shares outstanding (basic)
1,8221,8161,808
Weighted average dilutive impact of Awards(1)
512—
Weighted average number of common and common equivalent shares outstanding (diluted)
1,8271,8281,808
Awards excluded from diluted earnings per share15435
(1)Amounts exclude all potential common and common equivalent shares for periods when there is a net loss from continuing operations.
v3.22.2.2
Revenues
 12 Months Ended
Oct. 01, 2022
Revenue from Contract with Customer [Abstract]  
Revenue from Contract with Customer [Text Block] Revenues
The following table presents our revenues by segment and major source:
202220212020
DMEDDPEPContent License Early TerminationTotalDMEDDPEPTotalDMEDDPEPTotal
Affiliate fees$17,525$—$—$17,525$17,760$—$17,760$17,929$—$17,929
Subscription fees15,291——15,29112,020—12,0207,645—7,645
Advertising13,0444—13,04812,425412,42910,851410,855
Theme park admissions—8,602—8,602—3,8483,848—4,0384,038
Resort and vacations—6,410—6,410—2,7012,701—3,4023,402
Retail and wholesale sales of merchandise, food and beverage—7,838—7,838—4,9574,957—4,9524,952
Merchandise licensing—3,969—3,969123,5863,598323,2103,242
TV/SVOD distribution licensing4,452—(1,023)3,4295,266—5,2666,253—6,253
Theatrical distribution licensing1,875——1,875920—9202,134—2,134
Home entertainment820——8201,014—1,0141,802—1,802
Other2,0331,882—3,9151,4491,4562,9051,7041,4323,136
$55,040$28,705$(1,023)$82,722$50,866$16,552$67,418$48,350$17,038$65,388
The following table presents our revenues by segment and primary geographical markets:
202220212020
DMEDDPEPTotalDMEDDPEPTotalDMEDDPEPTotal
Americas$45,018$23,200$68,218$41,754$12,403$54,15739,163$12,829$51,992
Europe5,3283,3528,6805,0221,6686,6905,2402,0937,333
Asia Pacific4,6942,1536,8474,0902,4816,5713,9472,1166,063
$55,040$28,705$83,745$50,866$16,552$67,418$48,350$17,038$65,388
Content License Early Termination(1,023)  
$82,722
Revenues recognized in the current and prior year from performance obligations satisfied (or partially satisfied) in previous reporting periods primarily relate to revenues earned on TV/SVOD licenses for titles made available to the licensee in previous reporting periods. For fiscal 2022, $1.1 billion was recognized related to performance obligations satisfied prior to
October 2, 2021. For fiscal 2021, $1.3 billion was recognized related to performance obligations satisfied prior to October 3, 2020. For fiscal 2020, $1.4 billion was recognized related to performance obligations satisfied prior to September 30, 2019.
As of October 1, 2022, revenue for unsatisfied performance obligations expected to be recognized in the future is $15 billion, which primarily relates to content and other IP to be delivered in the future under existing agreements with merchandise and co-branding licensees and sponsors, television station affiliates, sports sublicensees, advertisers, and DTC wholesalers. Of this amount, we expect to recognize approximately $6 billion in fiscal 2023, $4 billion in fiscal 2024, $2 billion in fiscal 2025 and $3 billion thereafter. These amounts include only fixed consideration or minimum guarantees and do not include amounts related to (i) contracts with an original expected term of one year or less (such as most advertising contracts) or (ii) licenses of IP that are solely based on the sales of the licensee.
When the timing of the Company’s revenue recognition is different from the timing of customer payments, the Company recognizes either a contract asset (customer payment is subsequent to revenue recognition and subject to the Company satisfying additional performance obligations) or deferred revenue (customer payment precedes the Company satisfying the performance obligations). Consideration due under contracts with payment in arrears is recognized as accounts receivable. Deferred revenues are recognized as (or when) the Company performs under the contract.
Contract assets, accounts receivable and deferred revenues from contracts with customers are as follows:
October 1,
2022		October 2,
2021
Contract assets$32  $155  
Accounts Receivable
Current10,886  11,190  
Non-current1,226  1,359  
Allowance for credit losses(179) (194) 
Deferred revenues
Current5,531  4,067  
Non-current927  581  
Contract assets primarily relate to certain multi-season TV/SVOD licensing contracts. Activity for fiscal 2022 and 2021 related to contract assets was not material.
For fiscal 2022, 2021 and 2020, the Company recognized revenues of $3.6 billion, $2.9 billion and $3.4 billion, respectively, that was included in the deferred revenue balance at October 2, 2021, October 3, 2020 and September 28, 2019, respectively. Amounts deferred generally relate to DTC subscriptions, advances from merchandise licensees and TV/SVOD licenses. In fiscal 2020, as a result of COVID-19, the Company had paid refunds for certain non-refundable deposits that were reported as deferred revenue prior to fiscal 2020, the most significant of which related to park admission tickets and deposits for vacation packages. The balance at October 2, 2021 related to these deposits was classified in “Accounts payable and other accrued liabilities” in the Consolidated Balance Sheet. In fiscal 2022, the Company is no longer refunding these deposits and approximately $1.5 billion is now classified as “Deferred revenue and other” in the Consolidated Balance Sheet.
The Company has accounts receivable with original maturities greater than one year related to the sale of film and television program rights (TV/SVOD) and vacation club properties. These receivables are discounted to present value at contract inception, and the related revenues are recognized at the discounted amount. The balance of TV/SVOD licensing receivables recorded in other non-current assets was $0.6 billion and $0.8 billion at October 1, 2022 and October 2, 2021, respectively. The balance of vacation club receivables recorded in other non-current assets was $0.6 billion at both October 1, 2022 and October 2, 2021, respectively. The allowance for credit losses and activity for fiscal 2022 and 2021 was not material.
v3.22.2.2
Other Income (Expense), Net
 12 Months Ended
Oct. 01, 2022
Other Income and Expenses [Abstract]  
Dispositions and Other Income/(Expense) Other Income (Expense), Net
Other income (expense), net is as follows:
202220212020
DraftKings gain (loss)$(663) $(111) $973  
fuboTV gain—  186  —  
German FTA gain—  126  —  
Endemol Shine gain—  —  65  
Other, net(4) —  —  
Other income (expense), net$(667) $201  $1,038  
In fiscal 2022 and 2021, the Company recognized a non-cash loss of $663 million and $111 million, respectively, from the adjustment of its investment in DraftKings, Inc. (DraftKings) to fair value (DraftKings gain (loss)). In fiscal 2020, the Company recognized a $973 million DraftKings gain.
In fiscal 2021, the Company recognized a $186 million gain from the sale of our investment in fuboTV Inc. (fuboTV gain) and a $126 million gain on the sale of its 50% interest in a German free-to-air (FTA) television network (German FTA gain).
In fiscal 2020, the Company recognized a $65 million gain on the sale of its 50% interest in Endemol Shine Group (Endemol Shine gain).
v3.22.2.2
Investments
 12 Months Ended
Oct. 01, 2022
Investments [Abstract]  
Investments Investments
Investments consist of the following:
October 1,
2022		October 2,
2021
Investments, equity basis$2,678  $2,638  
Investments, other540  1,297  
$3,218$3,935
Investments, Equity Basis
The Company’s significant equity investments primarily consist of media investments and include A+E (50% ownership), CTV Specialty Television, Inc. (30% ownership) and Tata Play Limited (30% ownership). As of October 1, 2022, the book value of the Company’s equity method investments exceeded our share of the book value of the investees’ underlying net assets by approximately $0.8 billion, which represents amortizable intangible assets and goodwill arising from acquisitions.
Investments, Other
As of October 1, 2022 and October 2, 2021, the Company had securities recorded at fair value of $0.3 billion and $1.0 billion, respectively. As of October 1, 2022 and October 2, 2021, the Company had securities recorded at book value related to non-publicly traded securities without a readily determinable fair value of $0.2 billion and $0.3 billion, respectively.
Gains, losses and impairments on securities are generally recorded in “Interest expense, net” in the Consolidated Statements of Operations; these amounts were not material for fiscal 2022, 2021 and 2020. See Note 4 for realized and unrealized gains and losses on securities recorded in “Other income (expense), net” in the Consolidated Statements of Operations.
v3.22.2.2
International Theme Parks
 12 Months Ended
Oct. 01, 2022
Equity Method Investments and Joint Ventures [Abstract]  
International Theme Parks International Theme ParksThe Company has a 48% ownership interest in the operations of Hong Kong Disneyland Resort and a 43% ownership interest in the operations of Shanghai Disney Resort (together, the Asia Theme Parks), which are both VIEs consolidated in the Company’s financial statements. See Note 2 for the Company’s policy on consolidating VIEs. In addition, the Company has 100% ownership of Disneyland Paris. 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 Consolidated Balance Sheet:
 October 1, 2022October 2, 2021
Cash and cash equivalents$280  $287  
Other current assets137  95  
Total current assets417  382  
Parks, resorts and other property6,356  6,928  
Other assets161  176  
Total assets$6,934  $7,486  
Current liabilities$468  $473  
Long-term borrowings1,426  1,331  
Other long-term liabilities395  422  
Total liabilities$2,289  $2,226  
The following table summarizes the International Theme Parks’ revenues and costs and expenses included in the Company’s Consolidated Statements of Operations for fiscal 2022:
Revenues$3,026  
Costs and expenses(3,459) 
Equity in the loss of investees(10) 
Asia Theme Parks’ royalty and management fees of $71 million for fiscal 2022 are eliminated in consolidation, but are considered in calculating earnings attributable to noncontrolling interests.
International Theme Parks’ cash flows included in the Company’s fiscal 2022 Consolidated Statements of Cash Flows were $407 million provided by operating activities, $752 million used in investing activities and $240 million provided by financing activities.
Hong Kong Disneyland Resort
The Government of the Hong Kong Special Administrative Region (HKSAR) and the Company have a 52% and a 48% equity interest in Hong Kong Disneyland Resort, respectively.
The Company and HKSAR have provided loans to Hong Kong Disneyland Resort with outstanding balances of $152 million and $102 million, respectively. The interest rate on both loans is three month HIBOR plus 2%, and the maturity date is September 2025. The Company’s loan is eliminated in consolidation.
The Company has provided Hong Kong Disneyland Resort with a revolving credit facility of HK $2.1 billion ($268 million), which bears interest at a rate of three month HIBOR plus 1.25% and matures in December 2023. The outstanding balance under the line of credit at October 1, 2022 was $231 million. The Company’s line of credit is eliminated in consolidation.
Hong Kong Disneyland Resort is undergoing a multi-year expansion estimated to cost HK $10.9 billion ($1.4 billion). The Company and HKSAR have agreed to fund the expansion on an equal basis through equity contributions, which totaled $148 million and $42 million in fiscal 2022 and 2021, respectively. To date, the Company and HKSAR have funded a total of $716 million.
HKSAR has the right to receive additional shares over time to the extent Hong Kong Disneyland Resort exceeds certain return on asset performance targets. The amount of additional shares HKSAR can receive is capped on an annual basis and could decrease the Company’s equity interest by up to an additional 6 percentage points over a period no shorter than 10 years. Assuming HK $10.9 billion is contributed in the expansion, the impact to the Company’s equity interest would be limited to 5 percentage points.
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 $930 million, bearing interest at rates up to 8% and maturing in 2036, with early repayment permitted. The Company has also provided Shanghai Disney Resort with a 1.9 billion yuan (approximately $0.3 billion) line of credit bearing interest at 8%. As of October 1, 2022, the total amount outstanding under the line of credit was 0.9 billion yuan (approximately $123 million). These balances are eliminated in consolidation.
Shendi has provided Shanghai Disney Resort with loans totaling 8.3 billion yuan (approximately $1.2 billion), bearing interest at rates up to 8% and maturing in 2036, with early repayment permitted. Shendi has also provided Shanghai Disney Resort with a 2.6 billion yuan (approximately $0.4 billion) line of credit bearing interest at 8%. As of October 1, 2022, the total amount outstanding under the line of credit was 1.2 billion yuan (approximately $162 million).
v3.22.2.2
Produced and Acquired/Licensed Content Costs and Advances
 12 Months Ended
Oct. 01, 2022
Other Industries [Abstract]  
Produced and Acquired/Licensed Content Costs and Advances Disclosure Produced and Acquired/Licensed Content Costs and Advances
Total capitalized produced and licensed content by predominant monetization strategy is as follows:
As of October 1, 2022As of October 2, 2021
Predominantly Monetized IndividuallyPredominantly
Monetized
as a Group		TotalPredominantly Monetized IndividuallyPredominantly
Monetized
as a Group		Total
Produced content
Released, less amortization$4,639 $12,688 $17,327 $4,944 $9,779 $14,723 
Completed, not released214 2,019 2,233 630 762 1,392 
In-process5,041   6,793   11,834   4,371   4,623   8,994   
In development or pre-production372 254 626 351 162 513 
$10,266 $21,754 32,020 $10,296 $15,326 25,622 
Licensed content - Television Programming rights and advances5,647 6,110 
Total produced and licensed content$37,667 $31,732 
Current portion$1,890 $2,183 
Non-current portion$35,777 $29,549 
Amortization of produced and licensed content is as follows:
202220212020
Produced content
Predominantly monetized individually$3,448$2,947$4,305
Predominantly monetized as a group6,7765,2285,032
10,2248,1759,337
Licensed programming rights and advances13,43212,78411,241
Total produced and licensed content costs(1)
$23,656$20,959$20,578
(1)Primarily included in “Costs of services” in the Consolidated Statements of Operations.
Total expected amortization by fiscal year of completed (released and not released) produced, licensed and acquired film and television library content on the balance sheet as of October 1, 2022 is as follows:
Predominantly Monetized IndividuallyPredominantly
Monetized
as a Group		Total
Produced content
Released
2023$1,158 $2,906 $4,064 
2024674 2,002 2,676 
2025524   1,636   2,160   
Completed, not released
202391   778   869   
Licensed content - Programming rights and advances
2023$3,228 
20241,069 
2025534   
Approximately $2.2 billion of accrued participations and residual liabilities will be paid in fiscal 2023.
At October 1, 2022, acquired film and television library content has remaining unamortized costs of $3.3 billion, which are generally being amortized straight-line over a weighted-average remaining period of approximately 16 years.
v3.22.2.2
Borrowings
 12 Months Ended
Oct. 01, 2022
Debt Disclosure [Abstract]  
Borrowings Borrowings
The Company’s borrowings, including the impact of interest rate and cross-currency swaps, are summarized as follows:
   October 1, 2022
 Oct. 1, 2022Oct. 2, 2021
Stated
Interest
Rate(1)
Pay Floating Interest rate and Cross-
Currency Swaps(2)
Effective
Interest
Rate(3)
Swap
Maturities
Commercial paper
$1,662  $1,992  —$—3.31%
U.S. dollar denominated notes(4)
45,091  49,090  4.03%12,6254.07%2023-2031
Foreign currency denominated debt1,844  2,011  2.92%1,8473.42%2025-2027
Other(5)
(1,653) (18) —
46,944  53,075  3.85%14,4724.02%
Asia Theme Parks borrowings1,425  1,331  2.35%—6.11%
Total borrowings48,369  54,406  3.94%14,4724.08%
Less current portion3,070  5,866  3.65%1,0003.85%
Total long-term borrowings
$45,299  $48,540  $13,472
(1)The stated interest rate represents the weighted-average coupon rate for each category of borrowings. For floating-rate borrowings, interest rates are the rates in effect at October 1, 2022; these rates are not necessarily an indication of future interest rates.
(2)Amounts represent notional values of interest rate and cross-currency swaps outstanding as of October 1, 2022.
(3)The effective interest rate includes the impact of existing and terminated interest rate and cross-currency swaps, purchase accounting adjustments and debt issuance premiums, discounts and costs.
(4)Includes net debt issuance discounts, costs and purchase accounting adjustments totaling a net premium of $1.9 billion and $2.1 billion at October 1, 2022 and October 2, 2021, respectively.
(5)Includes market value adjustments for debt with qualifying hedges, which reduces borrowings by $1.7 billion and $0.1 billion at October 1, 2022 and October 2, 2021, respectively.
Commercial Paper
At October 1, 2022, the Company’s bank facilities, which are with a syndicate of lenders and support our commercial paper borrowings, were as follows:
Committed
Capacity		Capacity
Used		Unused
Capacity
Facility expiring March 2023$5,250$—$5,250
Facility expiring March 20253,000—3,000
Facility expiring March 20274,000—4,000
Total$12,250$—$12,250
These facilities allow for borrowings at SOFR-based rates plus a fixed spread that varies with the Company’s debt ratings assigned by Moody’s Investors Service and Standard & Poor’s ranging from 0.755% to 1.225%. The bank facilities contain only one financial covenant, relating to interest coverage of three times earnings before interest, taxes, depreciation and amortization, including both intangible amortization and amortization of our film and television production and programming costs. On October 1, 2022, the Company met this covenant by a significant margin. The bank facilities specifically exclude certain entities, including the Asia Theme Parks, from any representations, covenants or events of default. The Company also has the ability to issue up to $500 million of letters of credit under the facility expiring in March 2027, which if utilized, reduces available borrowings under this facility. As of October 1, 2022, the Company has $1.9 billion of outstanding letters of credit, of which none were issued under this facility.
Commercial paper activity is as follows:
Commercial paper with original maturities less than three months, net(1)
Commercial paper with original maturities greater than three monthsTotal
Balance at Oct. 3, 2020$—  $2,023  $2,023  
Additions—  2,221  2,221  
Payments—  (2,247) (2,247) 
Other Activity—  (5) (5) 
Balance at Oct. 2, 2021$—  $1,992  $1,992  
Additions50  2,417  2,467  
Payments—  (2,801) (2,801) 
Other Activity—  4  4  
Balance at Oct. 1, 2022$50  $1,612  $1,662  
(1)Borrowings and reductions of borrowings are reported net.
U.S. Dollar Denominated Notes
At October 1, 2022, the Company had $45.1 billion of fixed rate U.S. dollar denominated notes with maturities ranging from 1 to 74 years and stated interest rates that range from 1.75% to 9.50%.
Foreign Currency Denominated Debt
Prior to fiscal 2020, the Company issued Canadian $1.3 billion ($0.9 billion) of fixed rate senior notes, which bear interest at 2.76% and mature in October 2024. The Company also entered into pay-floating interest rate and cross currency swaps that effectively convert the borrowing to a variable-rate U.S. dollar denominated borrowing indexed to LIBOR.
In fiscal 2020, the Company issued Canadian $1.3 billion ($0.9 billion) of fixed rate senior notes, which bear interest at 3.057% and mature in March 2027. The Company also entered into pay-floating interest rate and cross currency swaps that effectively convert the borrowing to a variable-rate U.S. dollar denominated borrowing indexed to LIBOR.
Cruise Ship Credit Facilities
The Company has credit facilities to finance up to 80% of the contract price of two new cruise ships, which are scheduled to be delivered in fiscal 2025 and fiscal 2026. Under the facilities, $1.1 billion is available beginning in August 2023 and $1.1 billion is available beginning in August 2024. Each tranche of financing may be utilized for 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.
Asia Theme Parks Borrowings
HKSAR provided Hong Kong Disneyland Resort with loans totaling HK $0.8 billion ($102 million). The interest rate is three month HIBOR plus 2%, and the maturity date is September 2025.
Shendi has provided Shanghai Disney Resort with loans totaling 8.3 billion yuan (approximately $1.2 billion) bearing interest at rates up to 8% and maturing in 2036, with early repayment permitted. Shendi has also provided Shanghai Disney Resort with a 2.6 billion yuan (approximately $0.4 billion) line of credit bearing interest at 8%. As of October 1, 2022 the total amount outstanding under the line of credit was 1.2 billion yuan (approximately $162 million).
Maturities
The following table provides total borrowings, excluding market value adjustments and debt issuance premiums, discounts and costs, by scheduled maturity date as of October 1, 2022. The table also provides the estimated interest payments on these borrowings as of October 1, 2022 although actual future payments will differ for floating-rate borrowings:
Borrowings
Fiscal Year:Before 
Asia
Theme Parks
Consolidation		Asia 
Theme Parks		Total Borrowings
Interest(1)
Total Borrowings and Interest
2023$2,918$162$3,080$1,811$4,891
20242,872—2,8721,7484,620
20253,6041023,7061,6315,337
20264,578—4,5781,5336,111
20272,905—2,9051,4284,333
Thereafter29,8811,16131,04219,73850,780
$46,758$1,425$48,183$27,889$76,072
(1) In 2023, the Company has the ability to call a debt instrument prior to its scheduled maturity, which if exercised by the Company would reduce future interest payments by $1.1 billion.
Interest
The Company capitalizes interest on assets constructed for its parks and resorts and on certain film and television productions. In fiscal 2022, 2021 and 2020, total interest capitalized was $261 million, $187 million and $157 million, respectively. Interest expense, net of capitalized interest, for fiscal 2022, 2021 and 2020 was $1,549 million, $1,546 million and $1,647 million, respectively.
v3.22.2.2
Income Taxes
 12 Months Ended
Oct. 01, 2022
Income Tax Disclosure [Abstract]  
Income Taxes Income Taxes
Income (Loss) Before Income Taxes by Domestic and Foreign Subsidiaries
Income (Loss) Before Income Taxes202220212020
Domestic subsidiaries (including U.S. exports)$5,955  $5,241  $4,706  
Foreign subsidiaries(1)
(670) (2,680) (6,449) 
Total income (loss) from continuing operations5,285  2,561  (1,743) 
Loss from discontinued operations(62) (38) (42) 
$5,223  $2,523  $(1,785) 
(1) Includes goodwill and intangible asset impairment in fiscal 2020.
Provision for Income Taxes: Current and Deferred
Income Tax Expense (Benefit)
Current202220212020
Federal$436  $594  $95  
State282  129  148  
Foreign(1)
846  554  731  
1,564  1,277  974  
Deferred
Federal407  (526) 279  
State26  (220) (29) 
Foreign(265) (506) (525) 
168  (1,252) (275) 
Income tax expense from continuing operations1,732  25  699  
Income tax expense from discontinued operations(14) (9) (10) 
$1,718  $16  $689  
(1)Includes foreign withholding taxes.
Deferred Tax Assets and Liabilities
Components of Deferred Tax (Assets) and LiabilitiesOctober 1, 2022October 2, 2021
Deferred tax assets
Net operating losses and tax credit carryforwards(1)
$(3,527) $(3,944) 
Accrued liabilities(1,570) (2,544) 
Lease liabilities(748) (764) 
Licensing revenues(124) (80) 
Other(819) (725) 
Total deferred tax assets(6,788) (8,057) 
Deferred tax liabilities
Depreciable, amortizable and other property8,575  7,916  
Investment in U.S. entities1,798  2,653  
Right-of-use assets676  697  
Investment in foreign entities543  392  
Other64  164  
Total deferred tax liabilities11,656  11,822  
Net deferred tax liability before valuation allowance4,868  3,765  
Valuation allowance2,859  2,795  
Net deferred tax liability$7,727  $6,560  
(1)Balances as of October 1, 2022 and October 2, 2021 include approximately $1.5 billion and $1.6 billion, respectively, of International Theme Park net operating losses and approximately $1.0 billion at both October 1, 2022 and October 2, 2021 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 $0.2 billion may expire between fiscal 2023 and fiscal 2028. Foreign tax credits in the U.S. have a ten-year carryforward period. Foreign tax credits of $1.0 billion may expire beginning fiscal 2026.
The following table details the change in valuation allowance for fiscal 2022, 2021 and 2020 (in billions):
Balance at Beginning of PeriodCharges to Tax ExpenseOther ChangesBalance at End of Period
Year ended October 1, 2022
$2.8  $0.4  $(0.3) $2.9  
Year ended October 2, 2021
2.4  0.4  —  2.8  
Year ended October 3, 2020
1.9  0.6  (0.1) 2.4  
Reconciliation of the effective income tax rate for continuing operations to the federal rate
20222021
2020(1)
Federal income tax rate21.0  % 21.0  % 21.0  % 
State taxes, net of federal benefit3.1 1.9 4.3 
Tax rate differential on foreign income4.3 12.0 (16.5)
Foreign derived intangible income(3.4)(6.4)— 
Excess tax benefits from equity awards— (5.3)3.7 
Legislative changes1.7 (12.2)4.4 
Income tax audits and reserves2.7 (4.8)(6.1)
Goodwill impairment— — (41.1)
Valuation allowance4.5 2.6 (14.6)
Other(1.1)(7.8)4.8 
32.8 %1.0 %(40.1 %)
(1)In fiscal 2020, the Company had a pre-tax loss. Positive amounts reflect tax benefits, whereas negative amounts reflect tax expense.
The effective income tax rate in fiscal 2022 was higher than the U.S. statutory rate primarily due to higher effective tax rates on foreign earnings. The effective income tax rate in fiscal 2021 was lower than the U.S. statutory rate due to favorable adjustments related to prior years and excess tax benefits on employee share-based awards, partially offset by higher effective tax rates on foreign earnings. The effective income tax rate in fiscal 2020 included an unfavorable impact of the goodwill impairment, which was not tax deductible, and the impact of higher effective tax rates on foreign earnings than the U.S. statutory rate. Higher effective tax rates on foreign earnings in fiscal 2022, 2021 and 2020 reflected the impact of foreign losses and, to a lesser extent, foreign tax credits for which we are unable to recognize a tax benefit.
Unrecognized tax benefits
A reconciliation of the beginning and ending amount of gross unrecognized tax benefits, excluding the related accrual for interest, is as follows:
202220212020
Balance at the beginning of the year$2,641  $2,740  $2,952  
Increases for current year tax positions48  51  26  
Increases for prior year tax positions103  556  168  
Decreases in prior year tax positions(108) (174) (99) 
Settlements with taxing authorities(235) (532) (307) 
Balance at the end of the year$2,449  $2,641  $2,740  
The fiscal year-end 2022, 2021 and 2020 balances include $1.9 billion, $2.0 billion and $2.1 billion, respectively, that if recognized, would reduce our income tax expense and effective tax rate. These amounts are net of the offsetting benefits from other tax jurisdictions.
At October 1, 2022, October 2, 2021 and October 3, 2020, the Company had $1.0 billion, $1.0 billion and $1.1 billion, respectively, in accrued interest and penalties related to unrecognized tax benefits. During fiscal 2022, 2021 and 2020, the Company recorded additional interest and penalties of $157 million, $191 million and $211 million, respectively, and recorded reductions in accrued interest and penalties of $119 million, $256 million and $101 million, respectively, as a result of audit settlements and other prior-year adjustments. The Company’s policy is to report interest and penalties as a component of income tax expense.
The Company is generally no longer subject to U.S. federal examination for years prior to 2018. The Company is no longer subject to examination in any of its major state or foreign tax jurisdictions for years prior to 2008.
In the next twelve months, it is reasonably possible that our unrecognized tax benefits could change due to the resolution of open tax matters, which would reduce our unrecognized tax benefits by $0.1 billion.
Other
In fiscal 2022, 2021 and 2020, the Company recognized income tax benefits of $2 million, $135 million and $64 million, respectively for the excess of equity-based compensation deductions over amounts recorded based on the grant date fair value.
v3.22.2.2
Pension and Other Benefit Programs
 12 Months Ended
Oct. 01, 2022
Retirement Benefits [Abstract]  
Pension and Other Benefit Programs Pension and Other Benefit Programs
The Company maintains pension and postretirement medical benefit plans covering certain of its employees not covered by union or industry-wide plans. The Company has defined benefit pension plans that cover employees hired prior to January 1, 2012. For employees hired after this date, the Company has a defined contribution plan. Benefits under these pension plans are generally based on years of service and/or compensation and generally require 3 years of vesting service. Employees generally hired after January 1, 1987 for certain of our media businesses and other employees generally hired after January 1, 1994 are not eligible for postretirement medical benefits. In addition, the Company has a defined benefit plan for TFCF employees for which benefits stopped accruing in June 2017.
Defined Benefit Plans
The Company measures the actuarial value of its benefit obligations and plan assets for its defined benefit pension and postretirement medical benefit plans at September 30 and adjusts for any plan contributions or significant events between September 30 and our fiscal year end.
The following chart summarizes the benefit obligations, assets, funded status and balance sheet impacts associated with the defined benefit pension and postretirement medical benefit plans:
 Pension PlansPostretirement Medical Plans
 October 1,
2022		October 2,
2021		October 1,
2022		October 2,
2021
Projected benefit obligations
Beginning obligations$(20,955) $(20,760) $(2,121) $(2,104) 
Service cost(400) (434) (9) (10) 
Interest cost(500) (457) (51) (47) 
Actuarial gain (loss)(1)
6,159  15  595  (13) 
Plan amendments and other39  20  (16) (14) 
Benefits paid629  661  63  67  
Ending obligations$(15,028) $(20,955) $(1,539) $(2,121) 
Fair value of plans’ assets
Beginning fair value$18,076  $15,598  $889  $771  
Actual return on plan assets(2,715) 2,653  (134) 137  
Contributions96  565  61  47  
Benefits paid(629) (661) (63) (67) 
Expenses and other(107) (79) (4) 1  
Ending fair value$14,721  $18,076  $749  $889  
Underfunded status of the plans$(307) $(2,879) $(790) $(1,232) 
Amounts recognized in the balance sheet
Non-current assets$913  $88  $—  $—  
Current liabilities(66) (63) (4) (4) 
Non-current liabilities(1,154) (2,904) (786) (1,228) 
$(307) $(2,879) $(790) $(1,232) 
(1)The actuarial gain for fiscal 2022 was due to an increase in the discount rate used to determine the fiscal year-end benefit obligation from the rate that was used in the preceding fiscal year.
The components of net periodic benefit cost are as follows:
 Pension PlansPostretirement Medical Plans
 202220212020202220212020
Service cost$400  $434  $410  $9  $10  $10  
Other costs (benefits):
Interest cost500  457  527  51  47  56  
Expected return on plan assets(1,174) (1,100) (1,084) (59) (55) (57) 
Amortization of prior-year service costs7  11  13  —  —  —  
Recognized net actuarial loss 585  777  544  28  30  14  
Total other costs (benefits)(82) 145  —  20  22  13  
Net periodic benefit cost$318  $579  $410  $29  $32  $23  
In fiscal 2023, we expect pension and postretirement medical costs to decrease by $428 million to a net benefit of $81 million primarily due to lower amortization of previously deferred losses, partially offset by higher interest costs.
Key assumptions are as follows:
 Pension PlansPostretirement Medical Plans
 202220212020202220212020
Discount rate used to determine the fiscal year‑end benefit obligation5.44 %2.88 %2.82 %5.47 %2.89 %2.80 %
Discount rate used to determine the interest cost component of net periodic benefit cost2.45 %2.28 %2.94 %2.47 %2.28 %2.95 %
Rate of return on plan assets7.00 %7.00 %7.00 %7.00 %7.00 %7.00 %
Weighted average rate of compensation increase to determine the fiscal year‑end benefit obligation3.10 %3.10 %3.20 %n/an/an/a
Year 1 increase in cost of benefitsn/an/an/a7.00 %7.00 %7.00 %
Rate of increase to which the cost of benefits is assumed to decline (the ultimate trend rate)n/an/an/a4.00 %4.00 %4.25 %
Year that the rate reaches the ultimate trend raten/an/an/a2041 2040 2034
AOCI, before tax, as of October 1, 2022 consists of the following amounts that have not yet been recognized in net periodic benefit cost:
Pension PlansPostretirement
Medical Plans		Total
Prior service cost$26  $—  $26  
Net actuarial loss3,838  (93) 3,745  
Total amounts included in AOCI3,864  (93) 3,771  
Prepaid (accrued) pension cost(3,557) 883  (2,674) 
Net balance sheet liability$307  $790  $1,097  
Plan Funded Status
As of October 1, 2022, the projected benefit obligation and accumulated benefit obligation for pension plans with accumulated benefit obligations in excess of plan assets were $1.2 billion and $1.1 billion, respectively, and the aggregate fair value of plan assets were not material. As of October 2, 2021, the projected benefit obligation, accumulated benefit obligation and aggregate fair value of plan assets for pension plans with accumulated benefit obligations in excess of plan assets were $9.0 billion, $8.5 billion and $6.9 billion, respectively.
As of October 1, 2022, the projected benefit obligation for pension plans with projected benefit obligations in excess of plan assets was $1.2 billion and the aggregate fair value of plan assets was not material. As of October 2, 2021, the projected
benefit obligation and aggregate fair value of plan assets for pension plans with projected benefit obligations in excess of plan assets were $19.9 billion and $16.9 billion respectively.
The Company’s total accumulated pension benefit obligations at October 1, 2022 and October 2, 2021 were $14.1 billion and $19.4 billion, respectively. Approximately 98% was vested as of both October 1, 2022 and October 2, 2021.
The accumulated postretirement medical benefit obligations and fair value of plan assets for postretirement medical plans with accumulated postretirement medical benefit obligations in excess of plan assets were $1.5 billion and $0.7 billion, respectively, at October 1, 2022 and $2.1 billion and $0.9 billion, respectively, at October 2, 2021.
Plan Assets
A significant portion of the assets of the Company’s defined benefit plans are managed in a third-party master trust. The investment policy and allocation of the assets in the master trust were approved by the Company’s Investment and Administrative Committee, which has oversight responsibility for the Company’s retirement plans. The investment policy ranges for the major asset classes are as follows:
Asset ClassMinimumMaximum
Equity investments30%60%
Fixed income investments20%40%
Alternative investments10%30%
Cash & money market funds—%10%
The primary investment objective for the assets within the master trust is the prudent and cost effective management of assets to satisfy benefit obligations to plan participants. Financial risks are managed through diversification of plan assets, selection of investment managers and through the investment guidelines incorporated in investment management agreements. Investments are monitored to assess whether returns are commensurate with risks taken.
The long-term asset allocation policy for the master trust was established taking into consideration a variety of factors that include, but are not limited to, the average age of participants, the number of retirees, the duration of liabilities and the expected payout ratio. Liquidity needs of the master trust are generally managed using cash generated by investments or by liquidating securities.
Assets are generally managed by external investment managers pursuant to investment management agreements that establish permitted securities and risk controls commensurate with the account’s investment strategy. Some agreements permit the use of derivative securities (futures, options, interest rate swaps, credit default swaps) that enable investment managers to enhance returns and manage exposures within their accounts.
Fair Value Measurements of Plan Assets
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 of the fair value hierarchy:
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
Investments that are valued using the net asset value (NAV) (or its equivalent) practical expedient are excluded from the fair value hierarchy disclosure.
The following is a description of the valuation methodologies used for assets reported at fair value. The methodologies used at October 1, 2022 and October 2, 2021 are the same.
Level 1 investments are valued based on reported market prices on the last trading day of the fiscal year. Investments in common and preferred stocks and mutual funds are valued based on the securities’ exchange-listed price or a broker’s quote in an active market. Investments in U.S. Treasury securities are valued based on a broker’s quote in an active market.
Level 2 investments in government and federal agency bonds and notes (excluding U.S. Treasury securities), corporate bonds, mortgage-backed securities (MBS) and asset-backed securities are valued using a broker’s quote in a non-active market or an evaluated price based on a compilation of reported market information, such as benchmark yield curves, credit spreads and estimated default rates. Derivative financial instruments are valued based on models that incorporate observable inputs for the underlying securities, such as interest rates or foreign currency exchange rates.
The Company’s defined benefit plan assets are summarized by level in the following tables:
As of October 1, 2022
DescriptionLevel 1Level 2TotalPlan Asset Mix
Cash$177  $—  $177  1%
Common and preferred stocks(1)
3,118  —  3,118  20%
Mutual funds1,044  —  1,044  7%
Government and federal agency bonds, notes and MBS
2,061  293  2,354  15%
Corporate bonds
—  751  751  5%
Other mortgage- and asset-backed securities—  84  84  1%
Derivatives and other, net
2  13  15  —%
Total investments in the fair value hierarchy $6,402  $1,141  $7,543  
Assets valued at NAV as a practical expedient:
Common collective funds
3,479  22%
Alternative investments4,208  27%
Money market funds and other240  2%
Total investments at fair value$15,470  100%
As of October 2, 2021
DescriptionLevel 1Level 2TotalPlan Asset Mix
Cash$77  $—  $77  —%
Common and preferred stocks(1)
4,407  —  4,407  23%
Mutual funds1,326  —  1,326  7%
Government and federal agency bonds, notes and MBS
2,437  349  2,786  15%
Corporate bonds
—  1,098  1,098  6%
Other mortgage- and asset-backed securities—  96  96  1%
Derivatives and other, net
8  21  29  —%
Total investments in the fair value hierarchy $8,255  $1,564  $9,819  
Assets valued at NAV as a practical expedient:
Common collective funds
4,550  24%
Alternative investments4,342  23%
Money market funds and other254  1%
Total investments at fair value$18,965  100%
(1)Includes 2.9 million shares of Company common stock valued at $273 million (2% of total plan assets) and 2.9 million shares valued at $489 million (3% of total plan assets) at October 1, 2022 and October 2, 2021, respectively.
Uncalled Capital Commitments
Alternative investments held by the master trust include interests in funds that have rights to make capital calls to the investors. In such cases, the master trust would be contractually obligated to make a cash contribution at the time of the capital call. At October 1, 2022, the total committed capital still uncalled and unpaid was $1.5 billion.
Plan Contributions
During fiscal 2022, the Company made $157 million of contributions to its pension and postretirement medical plans. The Company currently does not expect to make material pension and postretirement medical plan contributions in fiscal 2023. Final minimum funding requirements for fiscal 2023 will be determined based on a January 1, 2023 funding actuarial valuation, which is expected to be received during the fourth quarter of fiscal 2023.
Estimated Future Benefit Payments
The following table presents estimated future benefit payments for the next ten fiscal years:
Pension
Plans
Postretirement
Medical Plans(1)
2023$720$65
202472769
202577173
202681578
202785883
2028 – 20324,874479
(1)Estimated future benefit payments are net of expected Medicare subsidy receipts of $81 million.
Assumptions
Assumptions, such as discount rates, long-term rate of return on plan assets and the healthcare cost trend rate, have a significant effect on the amounts reported for net periodic benefit cost as well as the related benefit obligations.
Discount Rate — The assumed discount rate for pension and postretirement medical plans reflects the market rates for high-quality corporate bonds currently available. The Company’s discount rate was determined by considering yield curves constructed of a large population of high-quality corporate bonds and reflects the matching of the plans’ liability cash flows to the yield curves. The Company measures service and interest costs by applying the specific spot rates along that yield curve to the plans’ liability cash flows.
Long-term rate of return on plan assets — The long-term rate of return on plan assets represents an estimate of long-term returns on an investment portfolio consisting of a mixture of equities, fixed income and alternative investments. When determining the long-term rate of return on plan assets, the Company considers long-term rates of return on the asset classes (both historical and forecasted) in which the Company expects the pension funds to be invested. The following long-term rates of return by asset class were considered in setting the long-term rate of return on plan assets assumption:
Equity Securities6 %to10 %
Debt Securities2 %to5 %
Alternative Investments6 %to11 %
Healthcare cost trend rate — The Company reviews external data and its own historical trends for healthcare costs to determine the healthcare cost trend rates for the postretirement medical benefit plans. The 2022 actuarial valuation assumed a 7.00% annual rate of increase in the per capita cost of covered healthcare claims with the rate decreasing in even increments over nineteen years until reaching 4.00%.
Sensitivity — A one percentage point change in the discount rate and expected long-term rate of return on plan assets would have the following effects on the projected benefit obligations for pension and postretirement medical plans as of October 1, 2022 and on cost for fiscal 2023:
 Discount RateExpected Long-Term
Rate of Return On Assets
Increase (decrease)Benefit
Expense		Projected Benefit ObligationsBenefit
Expense
1 percentage point decrease$242  $2,342  $172  
1 percentage point increase(59) (2,045) (172) 
Multiemployer Benefit Plans
The Company participates in a number of multiemployer pension plans under union and industry-wide collective bargaining agreements that cover our union-represented employees and expenses its contributions to these plans as incurred. These plans generally provide for retirement, death and/or termination benefits for eligible employees within the applicable collective bargaining units, based on specific eligibility/participation requirements, vesting periods and benefit formulas. The risks of participating in these multiemployer plans are different from single-employer plans. For example:
•Assets contributed to the multiemployer plan by one employer may be used to provide benefits to employees of other participating employers.
•If a participating employer stops contributing to the multiemployer plan, the unfunded obligations of the plan may become the obligation of the remaining participating employers.
•If a participating employer chooses to stop participating in these multiemployer plans, the employer may be required to pay those plans an amount based on the underfunded status of the plan.
The Company also participates in several multiemployer health and welfare plans that cover both active and retired employees. Health care benefits are provided to participants who meet certain eligibility requirements under the applicable collective bargaining unit.
The following table sets forth our contributions to multiemployer pension and health and welfare benefit plans:
202220212020
Pension plans$402$289$221
Health & welfare plans401272217
Total contributions$803$561$438
Defined Contribution Plans
The Company has defined contribution retirement plans for domestic employees who began service after December 31, 2011 and are not eligible to participate in the defined benefit pension plans. In general, the Company contributes from 4% to 10% of an employee’s compensation depending on the employee’s age and years of service with the Company up to plan limits. The Company has savings and investment plans that allow eligible employees to contribute up to 50% of their salary through payroll deductions depending on the plan in which the employee participates. The Company matches 50% of the employee’s contribution up to plan limits. The Company also has defined contribution retirement plans for employees in our international operations. In fiscal 2022, 2021 and 2020, the costs of our domestic and international defined contribution plans were $325 million, $254 million and $242 million, respectively.
v3.22.2.2
Equity
 12 Months Ended
Oct. 01, 2022
Equity [Abstract]  
Equity Equity
The Company paid the following dividend in fiscal 2020:
Per ShareTotal PaidPayment TimingRelated to Fiscal Period
$0.88$1.6 billionSecond Quarter of Fiscal 2020Second Half 2019
The Company did not pay a dividend with respect to fiscal year 2021 and 2020 operations and has not declared or paid a dividend with respect to fiscal 2022 operations.
The following table summarizes the changes in each component of accumulated other comprehensive income (loss) (AOCI) including our proportional share of equity method investee amounts:
 Market Value
Adjustments
for Hedges		Unrecognized
Pension and 
Postretirement
Medical 
Expense		Foreign
Currency
Translation
and Other		AOCI
AOCI, before tax
Balance at September 28, 2019$129  $(7,502) $(1,086) $(8,459) 
Unrealized gains (losses) arising during the period
(57) (2,468) (2) (2,527) 
Reclassifications of net (gains) losses to net income(263) 547  —  284  
Balance at October 3, 2020$(191) $(9,423) $(1,088) $(10,702) 
Unrealized gains (losses) arising during the period70  1,582  41  1,693  
Reclassifications of net (gains) losses to net income(31) 816  —  785  
Balance at October 2, 2021$(152) $(7,025) $(1,047) $(8,224) 
Unrealized gains (losses) arising during the period
1,098  2,635  (967) 2,766  
Reclassifications of net (gains) losses to net income
(142) 620  —  478  
Balance at October 1, 2022$804  $(3,770) $(2,014) $(4,980) 
 Market Value
Adjustments
for Hedges		Unrecognized
Pension and 
Postretirement
Medical 
Expense		Foreign
Currency
Translation
and Other		AOCI
Tax on AOCI
Balance at September 28, 2019$(29) $1,756  $115  $1,842  
Unrealized gains (losses) arising during the period
8  572  24  604  
Reclassifications of net (gains) losses to net income61  (127) —  (66) 
Balance at October 3, 2020$40  $2,201  $139  $2,380  
Unrealized gains (losses) arising during the period
(8) (358) (50) (416) 
Reclassifications of net (gains) losses to net income
10  (190) —  (180) 
Balance at October 2, 2021$42  $1,653  $89  $1,784  
Unrealized gains (losses) arising during the period
(254) (608) 50  (812) 
Reclassifications of net (gains) losses to net income
33  (144) —  (111) 
Balance at October 1, 2022$(179) $901  $139  $861  
 Market Value
Adjustments
for Hedges		Unrecognized
Pension and 
Postretirement
Medical 
Expense		Foreign
Currency
Translation
and Other		AOCI
AOCI, after tax
Balance at September 28, 2019$100  $(5,746) $(971) $(6,617) 
Unrealized gains (losses) arising during the period
(49) (1,896) 22  (1,923) 
Reclassifications of net (gains) losses to net income(202) 420  —  218  
Balance at October 3, 2020$(151) $(7,222) $(949) $(8,322) 
Unrealized gains (losses) arising during the period
62  1,224  (9) 1,277  
Reclassifications of net (gains) losses to net income
(21) 626  —  605  
Balance at October 2, 2021$(110) $(5,372) $(958) $(6,440) 
Unrealized gains (losses) arising during the period
844  2,027  (917) 1,954  
Reclassifications of net (gains) losses to net income
(109) 476  —  367  
Balance at October 1, 2022$625  $(2,869) $(1,875) $(4,119) 
Details about AOCI components reclassified to net income are as follows:
Gains (losses) in net income:
Affected line item in the Consolidated Statements of Operations:202220212020
Market value adjustments, primarily cash flow hedges
Primarily revenue$142  $31  $263  
Estimated taxIncome taxes(33) (10) (61) 
109  21  202  
Pension and postretirement medical expense
Interest expense, net(620) (816) (547) 
Estimated taxIncome taxes144  190  127  
(476) (626) (420) 
Total reclassifications for the period
$(367) $(605) $(218) 
v3.22.2.2
Equity-Based Compensation
 12 Months Ended
Oct. 01, 2022
Share-Based Payment Arrangement [Abstract]  
Equity-Based Compensation Equity-Based CompensationUnder various plans, the Company may grant stock options and other equity-based awards to executive, management and creative personnel. The Company’s approach to long-term incentive compensation contemplates awards of stock options and
restricted stock units (RSUs). Certain RSUs awarded to senior executives vest based upon the achievement of market or performance conditions (Performance RSUs).
Stock options are generally granted with a 10 year term at exercise prices equal to or exceeding the market price at the date of grant and become exercisable ratably over a three-year period from the grant date (exercisable ratably over four-year period from the grant date for awards granted prior to fiscal 2021). At the discretion of the Compensation Committee of the Company’s Board of Directors, options can occasionally extend up to 15 years after date of grant. RSUs generally vest ratably over three years (four years for grants awarded prior to fiscal 2021) and Performance RSUs generally fully vest after three years, subject to achieving market or performance conditions. Equity-based award grants generally provide continued vesting, in the event of termination, for employees that reach age 60 or greater, have at least ten years of service and have held the award for at least one year.
Each share granted subject to a stock option award reduces the number of shares available under the Company’s stock incentive plans by one share while each share granted subject to a RSU award reduces the number of shares available by two shares. As of October 1, 2022, the maximum number of shares available for issuance under the Company’s stock incentive plans (assuming all the awards are in the form of stock options) was approximately 124 million shares and the number available for issuance assuming all awards are in the form of RSUs was approximately 60 million shares. The Company satisfies stock option exercises and vesting of RSUs with newly issued shares. Stock options and RSUs are generally forfeited by employees who terminate prior to vesting.
Each year, generally during the first half of the year, the Company awards stock options and restricted stock units to a broad-based group of management, technology and creative personnel. The fair value of options is estimated based on the binomial valuation model. The binomial valuation model takes into account variables such as volatility, dividend yield and the risk-free interest rate. The binomial valuation model also considers the expected exercise multiple (the multiple of exercise price to grant price at which exercises are expected to occur on average) and the termination rate (the probability of a vested option being canceled due to the termination of the option holder) in computing the value of the option.
The weighted average assumptions used in the option-valuation model were as follows:
202220212020
Risk-free interest rate1.6%1.2%1.8%
Expected volatility28%30%23%
Dividend yield—%0.03%1.36%
Termination rate5.8%5.8%5.8%
Exercise multiple1.98 1.83 1.83 
Although the initial fair value of stock options is not adjusted after the grant date, changes in the Company’s assumptions may change the value of, and therefore the expense related to, future stock option grants. The assumptions that cause the greatest variation in fair value in the binomial valuation model are the expected volatility and expected exercise multiple. Increases or decreases in either the expected volatility or expected exercise multiple will cause the binomial option value to increase or decrease, respectively. The volatility assumption considers both historical and implied volatility and may be impacted by the Company’s performance as well as changes in economic and market conditions.
Compensation expense for RSUs and stock options is recognized ratably over the service period of the award. Compensation expense for RSUs is based on the market price of the shares underlying the awards on the grant date. Compensation expense for Performance RSUs reflects the estimated probability that the market or performance conditions will be met.
Compensation expense related to stock options and RSUs is as follows:
202220212020
Stock option$88  $95  $101  
RSUs889  505  424  
Total equity-based compensation expense(1)
977  600  525  
Tax impact(221) (136) (118) 
Reduction in net income$756  $464  $407  
Equity-based compensation expense capitalized during the period$148  $112  $87  
(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.
The following table summarizes information about stock option transactions in fiscal 2022 (shares in millions):
 SharesWeighted
Average
Exercise Price
Outstanding at beginning of year18    $113.99
Awards forfeited—    143.27
Awards granted2    146.15
Awards exercised(2)   69.05
Outstanding at end of year18    $121.28
Exercisable at end of year13    $111.01
The following tables summarize information about stock options vested and expected to vest at October 1, 2022 (shares in millions):
Vested
Range of Exercise PricesNumber of
Options		Weighted Average
Exercise Price		Weighted Average
Remaining Years of 
Contractual Life
$0 —$55 1$51.280.3
$56 —$110 495.593.1
$111 —$165 7120.615.7
$166 —$225 1177.748.4
13
Expected to Vest
Range of Exercise Prices
Number of
Options(1)
Weighted Average
Exercise Price		Weighted Average
Remaining Years of 
Contractual Life
$95 —$125 1$109.616.7
$126 —$155 3148.368.1
$156 —$185 1173.448.4
5
(1)Number of options expected to vest is total unvested options less estimated forfeitures.
The following table summarizes information about RSU transactions in fiscal 2022 (shares in millions):
 
Units(3)
Weighted Average
Grant-Date Fair Value
Unvested at beginning of year13$151.61
Granted(1)
13136.36
Vested(7) 144.39
Forfeited(1) 155.88
Unvested at end of year(2)
18$144.00
(1)Includes 0.3 million Performance RSUs
(2)Includes 0.6 million Performance RSUs
(3)Excludes Performance RSUs for which vesting is subject to service conditions and the number of units vesting is subject to the discretion of the CEO. At October 1, 2022, the maximum number of these Performance RSUs that could be issued upon vesting is 0.1 million.
The weighted average grant-date fair values of options granted during fiscal 2022, 2021 and 2020 were $46.76, $57.05 and $36.19, respectively, and for RSUs were $136.36, $178.70 and $145.27, respectively. The total intrinsic value (market value on date of exercise less exercise price) of options exercised and RSUs vested during fiscal 2022, 2021 and 2020 totaled $982 million, $1,175 million and $989 million, respectively. The aggregate intrinsic values of stock options vested and expected to vest at October 1, 2022 were $50 million and $0 million, respectively.
As of October 1, 2022, unrecognized compensation cost related to unvested stock options and RSUs was $89 million and $1,707 million, respectively. That cost is expected to be recognized over a weighted-average period of 1.2 years for stock options and 1.3 years for RSUs.
Cash received from option exercises for fiscal 2022, 2021 and 2020 was $127 million, $435 million and $305 million, respectively. Tax benefits realized from tax deductions associated with option exercises and RSU vestings for fiscal 2022, 2021 and 2020 were approximately $219 million, $256 million and $220 million, respectively.
v3.22.2.2
Detail of Certain Balance Sheet Accounts
 12 Months Ended
Oct. 01, 2022
Balance Sheet Related Disclosures [Abstract]  
Detail of Certain Balance Sheet Accounts Detail of Certain Balance Sheet Accounts
Current receivablesOctober 1,
2022		October 2,
2021
Accounts receivable$10,811  $11,177  
Other1,999  2,360  
Allowance for credit losses(158) (170) 
$12,652  $13,367  
Parks, resorts and other property
Attractions, buildings and improvements$33,795  $32,765  
Furniture, fixtures and equipment24,409  24,008  
Land improvements7,757  7,061  
Leasehold improvements1,037  1,058  
66,998  64,892  
Accumulated depreciation(39,356) (37,920) 
Projects in progress4,814  4,521  
Land1,140  1,131  
$33,596  $32,624  
Intangible assets
Character/franchise intangibles, copyrights and trademarks$10,572  $10,572  
MVPD agreements8,058  8,089  
Other amortizable intangible assets4,045  4,303  
Accumulated amortization(9,630) (7,641) 
Net amortizable intangible assets13,045  15,323  
Indefinite lived intangible assets(1)
1,792  1,792  
$14,837  $17,115  
(1)Indefinite lived intangible assets consist of ESPN, Pixar and Marvel trademarks and television FCC licenses.
Accounts payable and other accrued liabilities
Accounts and accrued payables$16,205  $16,357  
Payroll and employee benefits3,447  3,482  
Other561  1,055  
$20,213  $20,894  
Other long-term liabilities
Pension and postretirement medical plan liabilities$1,940  $4,132  
Operating and financing lease liabilities3,239  3,229  
Other7,339  7,161  
$12,518  $14,522  
v3.22.2.2
Commitments and Contingencies
 12 Months Ended
Oct. 01, 2022
Commitments and Contingencies Disclosure [Abstract]  
Commitments and Contingencies Commitments and Contingencies
Commitments
The Company has various contractual commitments for rights to sports, films and other programming, totaling approximately $75.7 billion, including approximately $2.6 billion for available programming as of October 1, 2022. The Company also has contractual commitments for the construction of two new cruise ships, creative talent and employment agreements and unrecognized tax benefits. Creative talent and employment agreements include obligations to actors, producers, sports, television and radio personalities and executives. Contractual commitments for sports programming rights, other programming rights and other commitments including cruise ships and creative talent are as follows:
Fiscal Year:
Sports Programming(1)
Other
Programming		OtherTotal
2023$10,783  $3,815  $2,891  $17,489  
20249,906  1,469  2,735  14,110  
202510,222  977  1,747  12,946  
20267,420  738  379  8,537  
20276,528  554  153  7,235  
Thereafter22,745  585  2,628  25,958  
$67,604  $8,138  $10,533  $86,275  
(1)Primarily relates to rights for NFL, college football (including bowl games and the College Football Playoff) and basketball, cricket, NBA, NHL, soccer, UFC, MLB, tennis, golf and Top Rank Boxing. Certain sports programming rights have payments that are variable based primarily on revenues and are not included in the table above. The Company has multi-year agreements to sublicense less than 5% of our sports right.
Legal Matters
The Company, together with, in some instances, certain of its directors and officers, is a defendant in various legal actions involving copyright, breach of contract and various other claims incident to the conduct of its businesses. Management does not believe that the Company has incurred a probable material loss by reason of any of those actions.
v3.22.2.2
Leases
 12 Months Ended
Oct. 01, 2022
Leases [Abstract]  
Leases Leases
The Company’s operating leases primarily consist of real estate and equipment, including office space for general and administrative purposes, production facilities, land, cruise terminals, retail outlets and distribution centers for consumer products. The Company also has finance leases, primarily for broadcast equipment and land.
Some of our leases include renewal and/or termination options. If it is reasonably certain that a renewal or termination option will be exercised, the exercise of the option is considered in calculating the term of the lease. As of October 1, 2022, our operating leases have a weighted-average remaining lease term of approximately 11 years, and our finance leases have a weighted-average remaining lease term of approximately 29 years. The weighted-average incremental borrowing rate is 2.7% and 6.5%, for our operating leases and finance leases, respectively. At October 1, 2022 total estimated future lease payments for non-cancelable leases agreements that have not commenced of approximately $832 million are excluded from the measurement of the right-of-use asset and lease liability.
The Company’s operating and finance right-of-use assets and lease liabilities are as follows:
October 1, 2022October 2, 2021
Right-of-use assets(1)
Operating leases$3,966  $3,895  
Finance leases303  336  
Total right-of-use assets4,269  4,231  
Short-term lease liabilities(2)
Operating leases614  637  
Finance leases37  41  
651  678  
Long-term lease liabilities(3)
Operating leases3,020  2,983  
Finance leases219  246  
3,239  3,229  
Total lease liabilities$3,890  $3,907  
(1)Included in “Other assets” in the Consolidated Balance Sheet
(2)Included in “Accounts payable and other accrued liabilities” in the Consolidated Balance Sheet
(3)Included in “Other long-term liabilities” in the Consolidated Balance Sheet
The components of lease costs are as follows:
202220212020
Finance lease cost
Amortization of right-of-use assets$39  $42 $37 
Interest on lease liabilities15  20 16 
Operating lease cost 796  853 899 
Variable fees and other(1)
363  414 491 
Total lease cost$1,213  $1,329  $1,443  
(1)Includes variable lease payments related to our operating and finance leases and costs of leases with initial terms of less than one year, net of sublease income
Cash paid during the year for amounts included in the measurement of lease liabilities is as follows:
202220212020
Operating cash flows for operating leases $736  $925  $879  
Operating cash flows for finance leases 15  20  16  
Financing cash flows for finance leases 48  25  37  
Total$799  $970  $932  
Future minimum lease payments, as of October 1, 2022, are as follows:
OperatingFinancing
Fiscal Year:
2023$704  $52  
2024590  43  
2025523  38  
2026384  33  
2027272  27  
Thereafter2,072  423  
Total undiscounted future lease payments4,545  616  
Less: Imputed interest(910) (360) 
Total reported lease liability$3,635  $256  
Leases Leases
The Company’s operating leases primarily consist of real estate and equipment, including office space for general and administrative purposes, production facilities, land, cruise terminals, retail outlets and distribution centers for consumer products. The Company also has finance leases, primarily for broadcast equipment and land.
Some of our leases include renewal and/or termination options. If it is reasonably certain that a renewal or termination option will be exercised, the exercise of the option is considered in calculating the term of the lease. As of October 1, 2022, our operating leases have a weighted-average remaining lease term of approximately 11 years, and our finance leases have a weighted-average remaining lease term of approximately 29 years. The weighted-average incremental borrowing rate is 2.7% and 6.5%, for our operating leases and finance leases, respectively. At October 1, 2022 total estimated future lease payments for non-cancelable leases agreements that have not commenced of approximately $832 million are excluded from the measurement of the right-of-use asset and lease liability.
The Company’s operating and finance right-of-use assets and lease liabilities are as follows:
October 1, 2022October 2, 2021
Right-of-use assets(1)
Operating leases$3,966  $3,895  
Finance leases303  336  
Total right-of-use assets4,269  4,231  
Short-term lease liabilities(2)
Operating leases614  637  
Finance leases37  41  
651  678  
Long-term lease liabilities(3)
Operating leases3,020  2,983  
Finance leases219  246  
3,239  3,229  
Total lease liabilities$3,890  $3,907  
(1)Included in “Other assets” in the Consolidated Balance Sheet
(2)Included in “Accounts payable and other accrued liabilities” in the Consolidated Balance Sheet
(3)Included in “Other long-term liabilities” in the Consolidated Balance Sheet
The components of lease costs are as follows:
202220212020
Finance lease cost
Amortization of right-of-use assets$39  $42 $37 
Interest on lease liabilities15  20 16 
Operating lease cost 796  853 899 
Variable fees and other(1)
363  414 491 
Total lease cost$1,213  $1,329  $1,443  
(1)Includes variable lease payments related to our operating and finance leases and costs of leases with initial terms of less than one year, net of sublease income
Cash paid during the year for amounts included in the measurement of lease liabilities is as follows:
202220212020
Operating cash flows for operating leases $736  $925  $879  
Operating cash flows for finance leases 15  20  16  
Financing cash flows for finance leases 48  25  37  
Total$799  $970  $932  
Future minimum lease payments, as of October 1, 2022, are as follows:
OperatingFinancing
Fiscal Year:
2023$704  $52  
2024590  43  
2025523  38  
2026384  33  
2027272  27  
Thereafter2,072  423  
Total undiscounted future lease payments4,545  616  
Less: Imputed interest(910) (360) 
Total reported lease liability$3,635  $256  
v3.22.2.2
Fair Value Measurement
 12 Months Ended
Oct. 01, 2022
Fair Value Disclosures [Abstract]  
Fair Value Measurement Fair Value MeasurementThe Company’s assets and liabilities measured at fair value are summarized in the following tables by fair value measurement Level. See Note 10 for definitions of fair value measures and the Levels within the fair value hierarchy.
 Fair Value Measurement at October 1, 2022
DescriptionLevel 1 Level 2Level 3Total
Assets
Investments$308  $—  $—  $308  
Derivatives
Interest rate—  1  —  1  
Foreign exchange—  2,223  —  2,223  
Other—  10  —  10  
Liabilities
Derivatives
Interest rate—  (1,783) —  (1,783) 
Foreign exchange—  (1,239) —  (1,239) 
Other—  (31) —  (31) 
Other—  (354) —  (354) 
Total recorded at fair value$308  $(1,173) $—  $(865) 
Fair value of borrowings$—  $42,509  $1,510  $44,019  
 Fair Value Measurement at October 2, 2021
DescriptionLevel 1Level 2Level 3Total
Assets
Investments$950  $—  $—  $950  
Derivatives
Interest rate—  186  —  186  
Foreign exchange—  707  —  707  
Other—  10  —  10  
Liabilities
Derivatives
Interest rate—  (287) —  (287) 
Foreign exchange—  (618) —  (618) 
Other—  (8) —  (8) 
Other—  (375) —  (375) 
Total recorded at fair value950  (385) —  565  
Fair value of borrowings$—  $58,913  $1,411  $60,324  
The fair values of Level 2 derivatives are primarily determined by internal discounted cash flow models that use observable inputs such as interest rates, yield curves and foreign currency exchange rates. Counterparty credit risk, which is mitigated by master netting agreements and collateral posting arrangements with certain counterparties, had an impact on derivative fair value estimates that was not material.
Level 2 other liabilities are primarily arrangements that are valued based on the fair value of underlying investments, which are generally measured using Level 1 and Level 2 fair value techniques.
Level 2 borrowings, which include commercial paper, U.S. dollar denominated notes and certain foreign currency denominated borrowings, are valued based on quoted prices for similar instruments in active markets or identical instruments in markets that are not active.
Level 3 borrowings include the Asia Theme Park borrowings, which are valued based on the current borrowing cost and credit risk of the Asia Theme Parks as well as prevailing market interest rates.
The Company’s financial instruments also include cash, cash equivalents, receivables and accounts payable. The carrying values of these financial instruments approximate the fair values.
The Company also has assets that are 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 the asset should be evaluated for impairment. In fiscal 2020, the Company recorded impairment charges for goodwill and intangible assets as disclosed in Note 18. The fair value of these assets was determined using estimated discounted future cash flows, which is a Level 3 valuation technique.
Credit Concentrations
The Company monitors its positions with, and the credit quality of, the financial institutions that are counterparties to its financial instruments on an ongoing basis and does not currently anticipate nonperformance by the counterparties.
The Company does not expect that it would realize a material loss, based on the fair value of its derivative financial instruments as of October 1, 2022, in the event of nonperformance by any single derivative counterparty. The Company generally enters into derivative transactions only with counterparties that have a credit rating of A- or better and requires collateral in the event credit ratings fall below A- or aggregate exposures exceed limits as defined by contract. In addition, the Company limits the amount of investment credit exposure with any one institution.
The Company does not have material cash and cash equivalent balances with financial institutions that have below investment grade credit ratings and maintains short-term liquidity needs in high quality money market funds. At October 1, 2022, the Company did not have balances (excluding money market funds) with individual financial institutions that exceeded 10% of the Company’s total cash and cash equivalents.
The Company’s trade receivables and financial investments do not represent a significant concentration of credit risk at October 1, 2022 due to the wide variety of customers and markets in which the Company’s products are sold, the dispersion of our customers across geographic areas and the diversification of the Company’s portfolio among financial institutions.
v3.22.2.2
Derivative Instruments
 12 Months Ended
Oct. 01, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Derivative Instruments Derivative Instruments
The Company manages its exposure to various risks relating to its ongoing business operations according to a risk management policy. The primary risks managed with derivative instruments are interest rate risk and foreign exchange risk.
The Company’s derivative positions measured at fair value are summarized in the following tables:
 As of October 1, 2022
 Current
Assets		Other
Assets		Other
Current
Liabilities		Other Long-
Term
Liabilities
Derivatives designated as hedges
Foreign exchange$864  $786  $(228) $(350) 
Interest rate—  1  (1,783) —  
Other10  —  (4) —  
Derivatives not designated as hedges
Foreign exchange336  247  (374) (287) 
Other—  —  (27) —  
Gross fair value of derivatives1,210  1,034  (2,416) (637) 
Counterparty netting(831) (715) 1,070  476  
Cash collateral (received) paid(341) (151) 1,282  96  
Net derivative positions$38  $168  $(64) $(65) 
 As of October 2, 2021
 Current
Assets		Other
Assets		Other
Current
Liabilities		Other Long-
Term
Liabilities
Derivatives designated as hedges
Foreign exchange$165  $240  $(122) $(83) 
Interest rate—  186  (287) —  
Other10  —  —  —  
Derivatives not designated as hedges
Foreign exchange183  119  (208) (205) 
Other(8)— — — 
Gross fair value of derivatives350  545  (617) (288) 
Counterparty netting(301) (360) 460  201  
Cash collateral (received) paid(3) (51) 157  73  
Net derivative positions$46  $134  $—  $(14) 
Interest Rate Risk Management
The Company is exposed to the impact of interest rate changes primarily through its borrowing activities. The Company’s objective is to mitigate the impact of interest rate changes on earnings and cash flows and on the market value of its borrowings. In accordance with its policy, the Company targets its fixed-rate debt as a percentage of its net debt between a minimum and maximum percentage. The Company primarily uses pay-floating and pay-fixed interest rate swaps to facilitate its interest rate risk management activities.
The Company designates pay-floating interest rate swaps as fair value hedges of fixed-rate borrowings effectively converting fixed-rate borrowings to variable-rate borrowings indexed to LIBOR. As of October 1, 2022 and October 2, 2021, the total notional amount of the Company’s pay-floating interest rate swaps was $14.5 billion and $15.1 billion, respectively.
The following table summarizes fair value hedge adjustments to hedged borrowings:
Carrying Amount of Hedged BorrowingsFair Value Adjustments Included in Hedged Borrowings
October 1, 2022October 2, 2021October 1, 2022October 2, 2021
Borrowings:
Current$997  $505  $(3) $5  
Long-term12,358  15,136  (1,733) (103) 
$13,355  $15,641  $(1,736) $(98) 
The following amounts are included in “Interest expense, net” in the Consolidated Statements of Operations:
 202220212020
Gain (loss) on:
Pay-floating swaps$(1,635) $(603) $479  
Borrowings hedged with pay-floating swaps1,635  603  (479) 
Benefit associated with interest accruals on pay-floating swaps31  143  28  
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 October 1, 2022 or at October 2, 2021, and gains and losses related to pay-fixed swaps recognized in earnings for fiscal 2022, 2021 and 2020 were not material.
Foreign Exchange Risk Management
The Company transacts business globally and is subject to risks associated with changing foreign currency exchange rates. The Company’s objective is to reduce earnings and cash flow fluctuations associated with foreign currency exchange rate changes, enabling management to focus on core business issues and challenges.
The Company enters into option and forward contracts that change in value as foreign currency exchange rates change to protect the value of its existing foreign currency assets, liabilities, firm commitments and forecasted but not firmly committed foreign currency transactions. In accordance with policy, the Company hedges its forecasted foreign currency transactions for periods generally not to exceed four years within an established minimum and maximum range of annual exposure. The gains and losses on these contracts offset changes in the U.S. dollar equivalent value of the related forecasted transaction, asset, liability or firm commitment. The principal currencies hedged are the euro, Japanese yen, British pound, Chinese yuan and Canadian dollar. Cross-currency swaps are used to effectively convert foreign currency denominated borrowings into U.S. dollar denominated borrowings.
The Company designates foreign exchange forward and option contracts as cash flow hedges of firmly committed and forecasted foreign currency transactions. As of October 1, 2022 and October 2, 2021, the notional amounts of the Company’s net foreign exchange cash flow hedges were $7.4 billion and $6.9 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 $704 million. The following table summarizes the effect of foreign exchange cash flow hedges on AOCI:
202220212020
Gain (loss) recognized in Other Comprehensive Income
$1,093  $61  $(63) 
Gain (loss) reclassified from AOCI into the Statement of Operations(1)
116  24  269  
(1)Primarily recorded in revenue.
The Company designates cross currency swaps as fair value hedges of foreign currency denominated borrowings. The impact of the cross currency swaps is recorded to “Interest expense, net” to offset the foreign currency impact of the foreign currency denominated borrowing. As of October 1, 2022 and October 2, 2021, the total notional amounts of the Company’s designated cross currency swaps were Canadian $1.3 billion ($0.9 billion) and Canadian $1.3 billion ($1.0 billion), respectively.
The following amounts are included in “Interest expense, net” in the Consolidated Statements of Operations:
202220212020
Gain (loss) on:
Cross currency swaps$(84) $47 $53 
Borrowings hedged with cross currency swaps84(47)(53)
Foreign exchange risk management contracts with respect to foreign currency denominated assets and liabilities are not designated as hedges and do not qualify for hedge accounting. The notional amounts of these foreign exchange contracts at October 1, 2022 and October 2, 2021 were $3.8 billion and $3.5 billion, respectively. The following table summarizes the net foreign exchange gains or losses recognized on foreign currency denominated assets and liabilities and the net foreign exchange gains or losses on the foreign exchange contracts we entered into to mitigate our exposure with respect to foreign currency denominated assets and liabilities by the corresponding line item in which they are recorded in the Consolidated Statements of Operations:
Costs and ExpensesInterest expense, netIncome Tax Expense
202220212020202220212020202220212020
Net gains (losses) on foreign currency denominated assets and liabilities
$(685) $(30) $10  $82  $(47) $1  $212  $(7) $(35) 
Net gains (losses) on foreign exchange risk management contracts not designated as hedges
547  (83) (56) (82) 47  —  (208) 2  33  
Net gains (losses)
$(138) $(113) $(46) $—  $—  $1  $4  $(5) $(2) 
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 October 1, 2022 and October 2, 2021 and related gains or losses recognized in earnings were not material for fiscal 2022, 2021 and 2020.
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 amount of these contracts at both October 1, 2022 and October 2, 2021 was $0.4 billion, respectively. The related gains or losses recognized in earnings were not material for fiscal 2022, 2021 and 2020.
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 $1,507 million and $244 million at October 1, 2022 and October 2, 2021, respectively.
v3.22.2.2
Restructuring and Impairment Charges
 12 Months Ended
Oct. 01, 2022
Restructuring and Related Activities [Abstract]  
Restructuring and Impairment Charges Restructuring and Impairment Charges
Goodwill and Intangible Asset Impairment
Prior to a reorganization of the Company’s operations in October 2020, a former segment, Direct-to-Consumer & International, included the International Channels reporting unit, which comprised the Company’s international television networks. In fiscal 2020, the Company tested this former reporting unit’s goodwill and long-lived assets (including intangible assets) for impairment. This resulted in non-cash impairment charges of $1.9 billion relating primarily to our MVPD agreement
intangible assets and $3.1 billion to fully impair the reporting unit’s goodwill. These charges were recorded in “Restructuring and impairment charges” in the Consolidated Statements of Operations in fiscal 2020.
As of October 1, 2022, the remaining balance of our international MVPD agreement intangible assets was $1.6 billion, primarily related to our channel businesses in Latin America and India.
TFCF Integration
The Company’s restructuring plan implemented in connection with the 2019 acquisition of TFCF to realize cost synergies was completed in fiscal 2021. To date, we have recorded restructuring charges primarily related to DMED of $1.8 billion including $1.4 billion related to severance (including employee contract terminations) and $0.3 billion of equity based compensation costs, primarily for TFCF awards that were accelerated to vest upon the closing of the acquisition.
The changes in restructuring reserves related to the TFCF integration, including amounts recorded in “Restructuring and impairment charges” in the Consolidated Statements of Operations in fiscal 2021 and 2020, are as follows (activity in fiscal 2022 and the balance at October 1, 2022 were not material):
Balance at September 28, 2019$676  
Additions in fiscal 2020
453  
Payments in fiscal 2020
(772) 
Balance at October 3, 2020357  
Additions in fiscal 2021
44  
Payments in fiscal 2021
(351) 
Balance at October 2, 2021$50  
Other
In fiscal 2022, the Company recorded charges of $0.2 billion, primarily due to asset impairments related to our businesses in Russia. In fiscal 2021, the Company recorded restructuring and impairment charges of $0.6 billion, primarily related to the planned closure of an animation studio and a substantial number of our Disney-branded retail stores in North America and Europe as well as severance at our parks and experiences businesses. In fiscal 2020, the Company recorded restructuring and impairment charges of $0.3 billion, primarily for severance at our parks and experiences businesses. These charges are reported in “Restructuring and impairment charges” in the Consolidated Statements of Operations.
v3.22.2.2
New Accounting Pronouncements
 12 Months Ended
Oct. 01, 2022
Accounting Standards Update and Change in Accounting Principle [Abstract]  
Description of New Accounting Pronouncements Not yet Adopted [Text Block] New Accounting Pronouncements
Accounting Pronouncements Adopted in Fiscal 2022
Simplifying the Accounting for Income Taxes
In December 2019, the Financial Accounting Standards Board (FASB) issued guidance which simplifies the accounting for income taxes. The guidance amends the rules for recognizing deferred taxes for investments, performing intraperiod tax allocations and calculating income taxes in interim periods. It also reduces complexity in certain areas, including the accounting for transactions that result in a step-up in the tax basis of goodwill and allocating taxes to members of a consolidated group. The Company adopted the new guidance in the first quarter of fiscal 2022. The adoption did not have a material impact on our financial statements.
Facilitation of the Effects of Reference Rate Reform
In March 2020, the FASB issued guidance which provides optional expedients and exceptions for applying current GAAP to contracts, hedging relationships, and other transactions affected by the transition from the use of LIBOR to an alternative reference rate. The guidance is applicable to contracts entered into before January 1, 2023. The Company adopted the new guidance in the first quarter of fiscal 2022. The adoption did not have a material impact on our financial statements.
Accounting Pronouncements Not Yet Adopted
Disclosures by Business Entities about Government Assistance
In November 2021, the FASB issued guidance requiring annual disclosures about transactions with a government that are accounted for by analogizing to a grant or contribution accounting model. The new guidance requires the disclosure of the nature of the transactions, the accounting for the transactions, and the effect of the transactions on the financial statements. The guidance is effective for annual periods beginning with the Company’s 2023 fiscal year. While the guidance will not have an effect on the Company’s Consolidated Statements of Operations or Consolidated Balance Sheets upon adoption, the Company may need to disclose the effects on the financial statements of incentives related to the production of content, which is the most significant type of government assistance we receive.
v3.22.2.2
Summary of Significant Accounting Policies (Policies)
 12 Months Ended
Oct. 01, 2022
Accounting Policies [Abstract]  
Principles of Consolidation
Principles of Consolidation
The consolidated financial statements of the Company include the accounts of The Walt Disney Company and its majority-owned or controlled subsidiaries. Intercompany accounts and transactions have been eliminated in consolidation.
The Company enters into relationships with or makes investments in other entities that may be variable interest entities (VIE). A VIE is consolidated in the financial statements if the Company has the power to direct activities that most significantly impact the economic performance of the VIE and has the obligation to absorb losses or the right to receive benefits from the VIE that could potentially be significant (as defined by ASC 810-10-25-38) to the VIE. Hong Kong Disneyland Resort and Shanghai Disney Resort (together, the Asia Theme Parks) are VIEs in which the Company has less than 50% equity ownership. Company subsidiaries (the Management Companies) have management agreements with the Asia Theme Parks, which provide the Management Companies, subject to certain protective rights of joint venture partners, with the ability to direct the day-to-day operating activities and the development of business strategies that we believe most significantly impact the economic performance of the Asia Theme Parks. In addition, the Management Companies receive management fees under these arrangements that we believe could be significant to the Asia Theme Parks. Therefore, the Company has consolidated the Asia Theme Parks in its financial statements.
Reporting Period
Reporting Period
The Company’s fiscal year ends on the Saturday closest to September 30 and consists of fifty-two weeks with the exception that approximately every six years, we have a fifty-three week year. When a fifty-three week year occurs, the Company reports the additional week in the fourth quarter. Fiscal 2022 and 2021 were fifty-two week years. Fiscal 2020 was a fifty-three week year, which began on September 29, 2019 and ended on October 3, 2020.
Reclassifications
Reclassifications
Certain reclassifications have been made in the fiscal 2021 and fiscal 2020 financial statements and notes to conform to the fiscal 2022 presentation.
Use of Estimates
Use of Estimates
The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the amounts reported in the financial statements and footnotes thereto. Actual results may differ from those estimates.
Revenues and Costs from Services and Products
Revenues and Costs from Services and Products
The Company generates revenue from the sale of both services and tangible products and revenues and operating costs are classified under these two categories in the Consolidated Statements of Operations. Certain costs related to both the sale of services and tangible products are not specifically allocated between the service or tangible product revenue streams but are instead attributed to the principal revenue stream. The cost of services and tangible products exclude depreciation and amortization.
Significant service revenues include:
•Affiliate fees
•Subscription fees to our DTC streaming services
•Advertising revenues
•Admissions to our theme parks, charges for room nights at hotels and sales of cruise vacation packages
•Revenue from the licensing and distribution of film and television properties
•Royalties from licensing our IP for use on consumer goods, published materials and in multi-platform games
Significant operating costs related to the sale of services include:
•Programming and production costs
•Distribution costs
•Operating labor
•Facilities and infrastructure costs
Significant tangible product revenues include:
•The sale of food, beverage and merchandise at our retail locations
•The sale of DVDs and Blu-ray discs
•The sale of books, comic books and magazines
Significant operating costs related to the sale of tangible products include:
•Costs of goods sold
•Operating labor
•Programming and production costs
•Distribution costs
•Retail occupancy costs
Revenue Recognition
Revenue Recognition
The Company’s revenue recognition policies are as follows:
•Affiliate fees are recognized as the programming is provided based on contractually specified per subscriber rates and the actual number of the affiliate’s customers receiving the programming. For affiliate contracts with fixed license fees, the fees are recognized ratably over the contract term. If an affiliate contract includes a minimum guaranteed license fee, the guaranteed license fee is recognized ratably over the guaranteed period and any fees earned in excess of the guarantee are recognized as earned once the minimum guarantee has been exceeded. Affiliate agreements may also include a license to use the network programming for on demand viewing. As the fees charged under these contracts are generally based on a contractually specified per subscriber rate for the number of underlying subscribers of the affiliate, revenues are recognized as earned.
•Subscription fees are recognized ratably over the term of the subscription.
•Advertising sales are recognized as revenue, net of agency commissions, when commercials are aired. For contracts that contain a guaranteed number of impressions, revenues are recognized based on impressions delivered. When the guaranteed number of impressions is not met (“ratings shortfall”), revenues are not recognized for the ratings shortfall until the additional impressions are delivered.
•Theme park admissions are recognized when the tickets are used. Sales of annual passes are recognized ratably over the period for which the pass is available for use.
•Resorts and vacations sales are recognized as revenue as the services are provided to the guest. Sales of vacation club properties are recognized as revenue upon the later of when title transfers to the customer or when construction activity is deemed complete.
•Merchandise, food and beverage sales are recognized at the time of sale. Sales from our branded internet shopping sites and to wholesalers are recognized upon delivery. We estimate returns and customer incentives based upon historical return experience, current economic trends and projections of consumer demand for our products.
•Merchandise licensing fees are recognized as revenue as earned based on the contractual royalty rate applied to the licensee’s underlying product sales. For licenses with minimum guaranteed license fees, the excess of the minimum guaranteed amount over actual royalties earned (“shortfall”) is recognized straight-line over the remaining license period once an expected shortfall is probable.
•TV/SVOD distribution fixed license fees are recognized as revenue when the content is available for use by the licensee. License fees based on the underlying sales of the licensee are recognized as revenue as earned based on the contractual royalty rate applied to the licensee sales.
For TV/SVOD licenses that include multiple titles with a fixed license fee across all titles, each title is considered a separate performance obligation. The fixed license fee is allocated to each title at contract inception and the allocated license fee is recognized as revenue when the title is available for use by the licensee.
When the license contains a minimum guaranteed license fee across all titles, the license fees earned by titles in excess of their allocated amount are deferred until the minimum guaranteed license fee across all titles is exceeded. Once the minimum guaranteed license fee is exceeded, revenue is recognized as earned based on the licensee’s underlying sales.
TV/SVOD distribution contracts may limit the licensee’s use of a title to certain defined periods of time during the contract term. In these instances, each period of availability is generally considered a separate performance obligation. For these contracts, the fixed license fee is allocated to each period of availability at contract inception based on relative standalone selling price using management’s best estimate. Revenue is recognized at the start of each availability period when the content is made available for use by the licensee.
When the term of an existing agreement is renewed or extended, revenues are recognized when the licensed content becomes available under the renewal or extension.
•Theatrical distribution licensing fees are recognized as revenue based on the contractual royalty rate applied to the distributor’s underlying sales from exhibition of the film.
•Home entertainment sales in physical formats are recognized as revenue on the later of the delivery date or the date that the product can be sold by retailers. We reduce home entertainment revenues for estimated future returns of merchandise and sales incentives based upon historical return experience, current economic trends and projections of consumer demand for our products. Sales of our films in electronic formats are recognized as revenue when the product is available for use by the consumer.
•Taxes collected from customers and remitted to governmental authorities are excluded from revenue.
•Shipping and handling fees collected from customers are recorded as revenue and the related shipping expenses are recorded in cost of products upon delivery of the product to the consumer.
Allowance for Credit Losses
Allowance for Credit Losses
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 supportable forecasts of future economic conditions.
Advertising Expense
Advertising Expense
Advertising costs are expensed as incurred. Advertising expense for fiscal 2022, 2021 and 2020 was $7.2 billion, $5.5 billion and $4.7 billion, respectively. The increase in advertising expense for fiscal 2022 compared to fiscal 2021 was due to higher spend for our DTC streaming services and an increase in theatrical marketing costs. The increase in advertising expense for fiscal 2021 compared to fiscal 2020 was due to higher spend for our DTC streaming services.
Cash and Cash Equivalents
Cash and Cash Equivalents
Cash and cash equivalents consist of cash on hand and marketable securities with original maturities of three months or less.
Cash and cash equivalents subject to contractual restrictions and not readily available are classified as restricted cash. The Company’s restricted cash balances are primarily made up of cash posted as collateral for certain derivative instruments.
The following table provides a reconciliation of cash, cash equivalents and restricted cash reported in the Consolidated Balance Sheet to the total of the amounts in the Consolidated Statements of Cash Flows.
October 1, 2022October 2, 2021October 3, 2020
Cash and cash equivalents$11,615$15,959$17,914
Restricted cash included in:
Other current assets333
Other assets434137
Total cash, cash equivalents and restricted cash in the statement of cash flows
$11,661$16,003$17,954
Investments
Investments
Investments in equity securities with a readily determinable fair value, not accounted for under the equity method, are recorded at that value with unrealized gains and losses included in earnings. For equity securities without a readily determinable fair value, the investment is recorded at cost, less any impairment, plus or minus adjustments related to observable transactions for the same or similar securities, with unrealized gains and losses included in earnings.
For equity method investments, the Company regularly reviews its investments to determine whether there is a decline in fair value below book value. If there is a decline that is other-than-temporary, the investment is written down to fair value.
Translation Policy
Translation Policy
Generally, the U.S. dollar is the functional currency for our international film and television distribution and licensing businesses and the branded International Channels and DTC streaming services. Generally, the local currency is the functional currency for the Asia Theme Parks, Disneyland Paris, the Star branded channels in India, international sports channels and international locations of The Disney Store.
For U.S. dollar functional currency locations, foreign currency assets and liabilities are remeasured into U.S. dollars at end-of-period exchange rates, except for non-monetary balance sheet accounts, which are remeasured at historical exchange rates. Revenue and expenses are remeasured at average exchange rates in effect during each period, except for those expenses related to the non-monetary balance sheet amounts, which are remeasured at historical exchange rates. Gains or losses from foreign currency remeasurement are included in income.
For local currency functional locations, assets and liabilities are translated at end-of-period rates while revenues and expenses are translated at average rates in effect during the period. Equity is translated at historical rates and the resulting cumulative translation adjustments are included as a component of accumulated other comprehensive income (loss) (AOCI).
Inventories
Inventories
Inventory primarily includes vacation timeshare units, merchandise, food, materials and supplies. Carrying amounts of vacation ownership units are recorded at the lower of cost or net realizable value. Carrying amounts of merchandise, food, materials and supplies inventories are generally determined on a moving average cost basis and are recorded at the lower of cost or net realizable value.
Film and Television Content Costs
Film and Television Content Costs
The Company classifies its capitalized produced and acquired/licensed content costs as long-term assets (“Produced and licensed content costs” in the Consolidated Balance Sheet) and classifies advances for live programming rights made prior to the live event as short-term assets (“Content advances” in the Consolidated Balance Sheet). For produced content, we capitalize all direct costs incurred in the physical production of a film, as well as allocations of production overhead and capitalized interest. For licensed and acquired content, we capitalize the license fee or acquisition cost, respectively. 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)
The determination of the predominant monetization strategy is made at commencement of production on a consolidated basis and is based on the means by which we derive third-party revenues from use of the content. Imputed title by title license fees that may be necessary for other purposes are established as required for those purposes.
We generally classify content that is initially intended for use on our DTC streaming services or Linear Networks as group assets. We generally classify content initially intended for theatrical release or for sale to third-party licensees as individual assets. The predominant monetization strategy for content released prior to the beginning of fiscal 2020 (the date the Company adopted accounting guidance that was applied prospectively) was determined based on the expected means of monetization over the remaining life of the content. Thus for example, film titles that were released theatrically and in home entertainment prior to fiscal year 2020 and are now distributed on Disney+ are generally considered group content.
The classification of content as individual or group only changes if there is a significant change to the title’s monetization strategy relative to its initial assessment (e.g. content that was initially intended for license to a third party is instead used on an owned DTC service). When there is a significant change in monetization strategy, the title’s capitalized content costs are tested for impairment.
Production costs for content that is predominantly monetized individually are amortized based upon the ratio of the current period’s revenues to the estimated remaining total revenues (Ultimate Revenues). For film productions, Ultimate Revenues include revenues from all sources, which may include imputed license fees for content that is used on our DTC streaming services, that will be earned within ten years from the date of the initial release for theatrical films. For episodic television series that are classified as individual, Ultimate Revenues include revenues that will be earned within ten years, including imputed license fees for content that is used on our DTC streaming services, from delivery of the first episode, or if still in production, five years from delivery of the most recent episode, if later. Participations and residuals are expensed over the applicable product life cycle based upon the ratio of the current period’s revenues to the estimated remaining total revenues for each production.
Production costs that are predominantly monetized as a group are amortized based on projected usage, generally resulting in an accelerated or straight-line amortization pattern. Adjustments to projected usage are applied prospectively in the period of the change. Participations and residuals are generally expensed in line with the pattern of usage.
Licensed rights to film and television content and other programs for broadcast on our Linear Networks or DTC streaming services are expensed on an accelerated or straight-line basis over their useful life or over the number of times the program is expected to be aired, as appropriate. We amortize rights costs for multi-year sports programming arrangements during the applicable seasons based on the estimated relative value of each year in the arrangement. If annual contractual payments related to each season approximate each season’s estimated relative value, we expense the related contractual payments during the applicable season.
Acquired film and television libraries are generally amortized on a straight-line basis over 20 years from the date of acquisition. Acquired film and television libraries include content that was initially released three years prior to its acquisition, except it excludes the prior seasons of episodic television programming still in production at the date of its acquisition.
Amortization of capitalized costs for produced and acquired content begins in the month the content is first released, while amortization of capitalized costs for licensed content commences when the license period begins and the content is first aired or available for use on our DTC services. Amortization of content assets is primarily included in “Cost of services” in the Consolidated Statements of Operations.
The costs of produced and licensed film and television content are subject to regular recoverability assessments. For content that is predominantly monetized individually, the unamortized costs are compared to the estimated fair value. The fair value is determined based on a discounted cash flow analysis of the cash flows directly attributable to the title. To the extent the unamortized costs exceed the fair value, an impairment charge is recorded for the excess. For content that is predominantly monetized as a group, the aggregate unamortized costs of the group are compared to the present value of the discounted cash flows using the lowest level for which identifiable cash flows are independent of other produced and licensed content. If the unamortized costs exceed the present value of discounted cash flows, an impairment charge is recorded for the excess and allocated to individual titles based on the relative carrying value of each title in the group. If there are no plans to continue to use an individual film or television program that is part of a group, the unamortized cost of the individual title is written-off immediately. Licensed content is included as part of the group within which it is monetized for purposes of assessing recoverability.
Internal-Use Software Costs
Internal-Use Software Costs
The Company expenses costs incurred in the preliminary project stage of developing or acquiring internal use software, such as research and feasibility studies as well as costs incurred in the post-implementation/operational stage, such as maintenance and training. Capitalization of software development costs occurs only after the preliminary-project stage is complete, management authorizes the project and it is probable that the project will be completed and the software will be used for the function intended. As of October 1, 2022 and October 2, 2021, capitalized software costs, net of accumulated amortization, totaled $1.1 billion and $1.2 billion, respectively. The capitalized costs are amortized on a straight-line basis over the estimated useful life of the software up to 7 years.
Parks, Resorts and Other Property
Parks, Resorts and Other Property
Parks, resorts and other property are carried at historical cost. Depreciation is computed on the straight-line method, generally over estimated useful lives as follows:
Attractions, buildings and improvements20 – 40 years
Furniture, fixtures and equipment3 – 25 years
Land improvements20 – 40 years
Leasehold improvementsLife of lease or asset life if less
Lessee, Leases
Leases
The Company determines whether a contract is a lease at contract inception or for a modified contract at the modification date. At inception or modification, the Company calculates the present value of operating lease payments using the Company’s incremental borrowing rate applicable to the lease, which is determined by estimating what it would cost the Company to borrow a collateralized amount equal to the total lease payments over the lease term based on the contractual terms of the lease and the location of the leased asset. Our leases may require us to make fixed rental payments, variable lease payments based on usage or sales and fixed non-lease costs relating to the leased asset. Variable lease payments are generally not included in the measurement of the right-of-use asset and lease liability. Fixed non-lease costs, for example common-area maintenance costs, are included in the measurement of the right-of-use asset and lease liability as the Company does not separate lease and non-lease components.
Goodwill, Other Intangible Assets and Long-Lived Assets
Goodwill, Other Intangible Assets and Long-Lived Assets
The Company is required to test goodwill and other indefinite-lived intangible assets for impairment on an annual basis and if current events or circumstances require, on an interim basis. The Company performs its annual test of goodwill and indefinite-lived intangible assets for impairment in its fiscal fourth quarter.
Goodwill is allocated to various reporting units, which are an operating segment or one level below the operating segment. To test goodwill for impairment, the Company first performs a qualitative assessment to determine if it is more likely than not that the carrying amount of a reporting unit exceeds its fair value. If it is, a quantitative assessment is required. Alternatively, the Company may bypass the qualitative assessment and perform a quantitative impairment test.
The qualitative assessment requires the consideration of factors such as recent market transactions, macroeconomic conditions, and changes in projected future cash flows of the reporting unit.
The quantitative assessment compares the fair value of each goodwill reporting unit to its carrying amount, and to the extent the carrying amount exceeds the fair value, an impairment of goodwill is recognized for the excess up to the amount of goodwill allocated to the reporting unit.
In fiscal 2022, the Company bypassed the qualitative test and performed a quantitative assessment of goodwill for impairment.
The impairment test for goodwill requires judgment related to the identification of reporting units, the assignment of assets and liabilities to reporting units including goodwill, and the determination of fair value of the reporting units. To determine the fair value of our reporting units, we apply what we believe to be the most appropriate valuation methodology for each of our reporting units. We generally use a present value technique (discounted cash flows) corroborated by market multiples when available and as appropriate. The discounted cash flow analyses are sensitive to our estimates of future revenue growth and margins for these businesses as well as the discount rates used to calculate the present value of future cash flows. In times of adverse economic conditions in the global economy, the Company’s long-term cash flow projections are subject to a greater degree of uncertainty than usual. We believe our estimates are consistent with how a marketplace participant would value our reporting units. If we had established different reporting units or utilized different valuation methodologies or assumptions, the impairment test results could differ, and we could be required to record impairment charges.
To test its other indefinite-lived intangible assets for impairment, the Company first performs a qualitative assessment to determine if it is more likely than not that the carrying amount of each of its indefinite-lived intangible assets exceeds its fair
value. If it is, a quantitative assessment is required. Alternatively, the Company may bypass the qualitative assessment and perform a quantitative impairment test.
The qualitative assessment requires the consideration of factors such as recent market transactions, macroeconomic conditions, and changes in projected future cash flows.
The quantitative assessment compares the fair value of an indefinite-lived intangible asset to its carrying amount. If the carrying amount of an indefinite-lived intangible asset exceeds its fair value, an impairment loss is recognized for the excess. Fair values of indefinite-lived intangible assets are determined based on discounted cash flows or appraised values, as appropriate. The Company has determined that there are currently no legal, competitive, economic or other factors that materially limit the useful life of our FCC licenses and trademarks, which are our most significant indefinite-lived intangible assets.
Finite-lived intangible assets are generally amortized on a straight-line basis over periods up to 40 years. The costs to periodically renew our intangible assets are expensed as incurred.
The Company tests long-lived assets, including amortizable intangible assets, for impairment whenever events or changes in circumstances (triggering events) indicate that the carrying amount may not be recoverable. Once a triggering event has occurred, the impairment test employed is based on whether the Company’s intent is to hold the asset for continued use or to hold the asset for sale. The impairment test for assets held for use requires a comparison of the estimated undiscounted future cash flows expected to be generated over the useful life of the significant assets of an asset group to the carrying amount of the asset group. An asset group is generally established by identifying the lowest level of cash flows generated by a group of assets that are largely independent of the cash flows of other assets and could include assets used across multiple businesses. If the carrying amount of an asset group exceeds the estimated undiscounted future cash flows, an impairment would be measured as the difference between the fair value of the asset group and the carrying amount of the asset group. For assets held for sale, to the extent the carrying amount is greater than the asset’s fair value less costs to sell, an impairment loss is recognized for the difference.
The Company recorded non-cash impairment charges of $0.2 billion, $0.3 billion, and $5.2 billion in fiscal 2022, 2021 and 2020, respectively.
The fiscal 2022 charges primarily related to our businesses in Russia.
The fiscal 2021 charges primarily related to the closure of an animation studio and a substantial number of our Disney-branded retail stores in North America and Europe.
The fiscal 2020 impairment charges primarily related to impairments of MVPD agreement intangibles assets ($1.9 billion) and goodwill ($3.1 billion) at the International Channels business. See Note 18 to the Consolidated Financial Statements for additional discussion of these impairment charges.
The Company expects its aggregate annual amortization expense for finite-lived intangible assets for fiscal 2023 through 2027 to be as follows:
2023$1,808
20241,570
20251,459
2026966
2027888
Risk Management Contracts
Risk Management Contracts
In the normal course of business, the Company employs a variety of financial instruments (derivatives) including interest rate and cross-currency swap agreements and forward and option contracts to manage its exposure to fluctuations in interest rates, foreign currency exchange rates and commodity prices.
The Company formally documents all relationships between hedges and hedged items as well as its risk management objectives and strategies for undertaking various hedge transactions. The Company primarily enters into two types of derivatives: hedges of fair value exposure and hedges of cash flow exposure. Hedges of fair value exposure are entered into in order to hedge the fair value of a recognized asset, liability, or a firm commitment. Hedges of cash flow exposure are entered into in order to hedge a forecasted transaction (e.g. forecasted revenue) or the variability of cash flows to be paid or received, related to a recognized liability or asset (e.g. floating-rate debt).
The Company designates and assigns the derivatives as hedges of forecasted transactions, specific assets or specific liabilities. When hedged assets or liabilities are sold or extinguished or the forecasted transactions being hedged occur or are no longer expected to occur, the Company recognizes the gain or loss on the designated derivatives.
The Company’s hedge positions are measured at fair value on the balance sheet. Realized gains and losses from hedges are classified in the income statement consistent with the accounting treatment of the items being hedged. The Company accrues the differential for interest rate swaps to be paid or received under the agreements as interest rates change as adjustments to interest expense over the lives of the swaps. Gains and losses on the termination of effective swap agreements, prior to their original maturity, are deferred and amortized to interest expense over the remaining term of the underlying hedged transactions.
The Company enters into derivatives that are not designated as hedges and do not qualify for hedge accounting. These derivatives are intended to offset certain economic exposures of the Company and are carried at fair value with changes in value recorded in earnings. Cash flows from hedging activities are classified in the Consolidated Statements of Cash Flows under the same category as the cash flows from the related assets, liabilities or forecasted transactions (see Notes 8 and 17).
Income Taxes
Income Taxes
Deferred income tax assets and liabilities are recorded 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.
A tax position must meet a minimum probability threshold before a financial statement benefit is recognized. The minimum threshold is defined as a tax position that is more likely than not to be sustained upon examination by the applicable taxing authority, including resolution of any related appeals or litigation processes, based on the technical merits of the position. The tax benefit to be recognized is measured as the largest amount of benefit that is greater than fifty percent likely of being realized upon ultimate settlement.
Redeemable Noncontrolling Interests
Redeemable Noncontrolling Interests
The Company consolidates the results of certain subsidiaries that are less than 100% owned and for which the noncontrolling interest shareholders have the rights to require the Company to purchase their interests in these subsidiaries. The most significant of these are Hulu LLC (Hulu) and BAMTech LLC (BAMTech).
Hulu provides DTC streaming services and is owned 67% by the Company and 33% by NBC Universal (NBCU). In May 2019, the Company entered into a put/call agreement with NBCU that provided the Company with full operational control of Hulu. Under the agreement, beginning in January 2024, NBCU has the option to require the Company to purchase NBCU’s interest in Hulu and the Company has the option to require NBCU to sell its interest in Hulu to the Company, in either case at a redemption value based on NBCU’s equity ownership percentage of the greater of Hulu’s then equity fair value or a guaranteed floor value of $27.5 billion.
NBCU’s interest will generally not be allocated its portion of Hulu’s losses, if any, as the redeemable noncontrolling interest is required to be carried at a minimum value. The minimum value is equal to the fair value as of the May 2019 agreement date accreted to the January 2024 estimated redemption value. At October 1, 2022, NBCU’s interest in Hulu is recorded in the Company’s financial statements at $8.7 billion.
BAMTech provides streaming technology services and is owned 85% by the Company and 15% by Major League Baseball (MLB).
MLB has the right to sell its interest to the Company and the Company has the right to buy MLB’s interest starting five years from and ending ten years after the Company’s September 25, 2017 acquisition date of BAMTech, in either case at a redemption value based on MLB’s equity ownership percentage of the greater of BAMTech’s then equity fair value or a guaranteed floor value ($563 million accreting at 8% annually for eight years from the date of acquisition).
The MLB interest is required to be carried at a minimum value equal to its acquisition date fair value accreted to its estimated redemption value through the applicable redemption date. Therefore, the MLB interest is generally not allocated its portion of BAMTech losses, if any. As of October 1, 2022, the MLB interest was recorded in the Company’s financial statements at $828 million. In November 2022, the Company purchased MLB’s 15% interest for $900 million.
Our estimate of the redemption value of noncontrolling interests requires management to make significant judgments with respect to the future value of the noncontrolling interests. We are accreting the noncontrolling interests of Hulu to its guaranteed floor value. If our estimate of the future redemption value increased above the guaranteed floor value, we would change our rate of accretion, which would generally increase the amount recorded in “Net income from continuing operations attributable to noncontrolling interests and redeemable noncontrolling interests” and thus reduce “Net income (loss) attributable to The Walt Disney Company (Disney)” on the Consolidated Statements of Operations.
Earnings Per Share
Earnings Per Share
The Company presents both basic and diluted earnings per share (EPS) amounts. Basic EPS is calculated by dividing net income attributable to Disney by the weighted average number of common shares outstanding during the year. Diluted EPS is based upon the weighted average number of common and common equivalent shares outstanding during the year, which is calculated using the treasury-stock method for equity-based awards (Awards). Common equivalent shares are excluded from the computation in periods for which they have an anti-dilutive effect. Stock options for which the exercise price exceeds the average market price over the period are anti-dilutive and, accordingly, are excluded from the 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:
202220212020
Weighted average number of common and common equivalent shares outstanding (basic)
1,8221,8161,808
Weighted average dilutive impact of Awards(1)
512—
Weighted average number of common and common equivalent shares outstanding (diluted)
1,8271,8281,808
Awards excluded from diluted earnings per share15435
(1)Amounts exclude all potential common and common equivalent shares for periods when there is a net loss from continuing operations.
v3.22.2.2
Description of the Business and Segment Information (Tables)
 12 Months Ended
Oct. 01, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Financial Information by Operating Segments
Segment revenues and segment operating income are as follows:
202220212020
Revenues
Disney Media and Entertainment Distribution$55,040  $50,866  $48,350  
Disney Parks, Experiences and Products28,705  16,552  17,038  
Total segment revenues$83,745  $67,418  $65,388  
Segment operating income
Disney Media and Entertainment Distribution$4,216  $7,295  $7,653  
Disney Parks, Experiences and Products7,905  471  455  
Total segment operating income(1)
$12,121  $7,766  $8,108  
(1)Equity in the income of investees is included in segment operating income as follows:
202220212020
Disney Media and Entertainment Distribution$838  $795  $696  
Disney Parks, Experiences and Products(10) (19) (19) 
Equity in the income of investees included in segment operating income828  776  677  
Amortization of TFCF intangible assets related to equity investees
(12) (15) (26) 
Equity in the income of investees$816  $761  $651  
Reconciliation of Revenue from Segments to Consolidated
A reconciliation of segment revenues to total revenues is as follows:
 202220212020
Segment revenues$83,745 $67,418   $65,388 
Content License Early Termination(1)
(1,023)  — —   
Total revenues$82,722 $67,418 $65,388 
(1)In fiscal 2022, the Company recognized a reduction in revenue for amounts to early terminate certain license agreements with a customer for film and television content, which was delivered in previous years, in order for the Company to use the content primarily on our direct-to-consumer services (Content License Early Termination). Because the content is functional IP, we recognized substantially all of the consideration to be paid by the customer under the licenses as revenue in prior years when the content was made available under the agreements. Consequently, we have recorded the amounts to terminate the license agreements, net of remaining amounts of deferred revenue, as a reduction of revenue in the current year.
Reconciliation of Segment Operating Income to Income before Income Taxes
A reconciliation of segment operating income to income from continuing operations before income taxes is as follows:
202220212020
Segment operating income$12,121  $7,766  $8,108  
Content License Early Termination(1,023)— — 
Corporate and unallocated shared expenses(1,159) (928) (817) 
Restructuring and impairment charges(237) (654) (5,735) 
Other income, net(667) 201  1,038  
Interest expense, net(1,397) (1,406) (1,491) 
TFCF and Hulu acquisition amortization(1)
(2,353) (2,418) (2,846) 
Income (loss) from continuing operations before income taxes$5,285  $2,561  $(1,743) 
(1)For fiscal 2022, amortization of intangible assets, fair value step-up on film and television costs and intangibles related to TFCF equity investees were $1,707 million, $634 million and $12 million, respectively. For fiscal 2021, amortization of intangible assets, fair value step-up on film and television costs and intangibles related to TFCF equity investees were $1,757 million, $646 million and $15 million, respectively. For fiscal 2020, amortization of intangible assets, fair value step-up on film and television costs and intangibles related to TFCF equity investees were $1,921 million, $899 million and $26 million, respectively.
Capital Expenditures, Depreciation and Amortization by Segment
Capital expenditures, depreciation expense and amortization expense are as follows:
Capital expenditures202220212020
Disney Media and Entertainment Distribution$810  $862  $783  
Disney Parks, Experiences and Products
Domestic2,680  1,597  2,145  
International767  675  759  
Corporate686  444  335  
Total capital expenditures$4,943  $3,578  $4,022  
Depreciation expense
Disney Media and Entertainment Distribution$650  $613  $638  
Disney Parks, Experiences and Products
Domestic1,680  1,551  1,634  
International662  718  694  
Amounts included in segment operating income2,342  2,269  2,328  
Corporate191  186  174  
Total depreciation expense$3,183  $3,068  $3,140  
Amortization of intangible assets
Disney Media and Entertainment Distribution$164  $178  $175  
Disney Parks, Experiences and Products109  108  109  
Amounts included in segment operating income273  286  284  
TFCF and Hulu1,707  1,757  1,921  
Total amortization of intangible assets$1,980  $2,043  $2,205  
Indentifiable Assets by Segment
Identifiable assets, including equity method investments and intangible assets,(1) are as follows:
October 1, 2022October 2, 2021
Disney Media and Entertainment Distribution$148,129  $144,675  
Disney Parks, Experiences and Products43,027  41,763  
Corporate (primarily fixed asset and cash and cash equivalents)12,475  17,171  
Total consolidated assets$203,631  203,609  
(1)Equity method investments included in identifiable assets by segment are as follows:
October 1, 2022October 2, 2021
Disney Media and Entertainment Distribution$2,633  $2,578  
Disney Parks, Experiences and Products2  2  
Corporate43  58  
$2,678  $2,638  
Intangible assets, which include character/franchise intangibles, copyrights, trademarks, MVPD agreements and FCC licenses (see Note 13), included in identifiable assets by segment are as follows:
October 1, 2022October 2, 2021
Disney Media and Entertainment Distribution$11,981  $14,143  
Disney Parks, Experiences and Products2,836  2,952  
Corporate20  20  
$14,837  $17,115  
Schedule of Revenue and Operating Income by Geographic Market
The following table presents our revenues and segment operating income by geographical markets:
202220212020
Revenues
Americas$68,218  $54,157  $51,992  
Europe8,680  6,690  7,333  
Asia Pacific6,847  6,571  6,063  
83,745  $67,418  $65,388  
Content License Early Termination(1,023) 
$82,722  
Segment operating income (loss)
Americas$11,099  $6,314  $5,819  
Europe586  800  1,273  
Asia Pacific436  652  1,016  
$12,121  $7,766  $8,108  
Long-lived Assets by Geographic Markets
Long-lived assets(1) by geographical markets are as follows:
October 1, 2022October 2, 2021
Americas$150,786  $144,788  
Europe8,739  8,215  
Asia Pacific10,976  12,012  
$170,501  $165,015  
(1)Long-lived assets are total assets less: current assets, long-term receivables, deferred taxes, financial investments and the fair value of derivative instruments.
Changes in Carrying Amount of Goodwill The changes in the carrying amount of goodwill are as follows:
DMEDDPEPTotal
Balance at Oct. 3, 2020$72,139  $5,550  $77,689  
Currency translation adjustments and other, net382  —  382  
Balance at Oct. 2, 2021$72,521  $5,550  $78,071  
Currency translation adjustments and other, net(174) —  (174) 
Balance at Oct. 1, 2022$72,347  $5,550  $77,897  
v3.22.2.2
Summary of Significant Accounting Policies (Tables)
 12 Months Ended
Oct. 01, 2022
Accounting Policies [Abstract]  
Reconciliation of Cash, Cash Equivalents and Restricted Cash
The following table provides a reconciliation of cash, cash equivalents and restricted cash reported in the Consolidated Balance Sheet to the total of the amounts in the Consolidated Statements of Cash Flows.
October 1, 2022October 2, 2021October 3, 2020
Cash and cash equivalents$11,615$15,959$17,914
Restricted cash included in:
Other current assets333
Other assets434137
Total cash, cash equivalents and restricted cash in the statement of cash flows
$11,661$16,003$17,954
Depreciation Computed on Straight-Line Method Over Estimated Useful Lives Depreciation is computed on the straight-line method, generally over estimated useful lives as follows:
Attractions, buildings and improvements20 – 40 years
Furniture, fixtures and equipment3 – 25 years
Land improvements20 – 40 years
Leasehold improvementsLife of lease or asset life if less
Expected Aggregate Annual Amortization Expense for Existing Amortizable Intangible Assets
The Company expects its aggregate annual amortization expense for finite-lived intangible assets for fiscal 2023 through 2027 to be as follows:
2023$1,808
20241,570
20251,459
2026966
2027888
Reconciliation of Weighted Average Number of Common and Common Equivalent Shares Outstanding and Number of 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:
202220212020
Weighted average number of common and common equivalent shares outstanding (basic)
1,8221,8161,808
Weighted average dilutive impact of Awards(1)
512—
Weighted average number of common and common equivalent shares outstanding (diluted)
1,8271,8281,808
Awards excluded from diluted earnings per share15435
(1)Amounts exclude all potential common and common equivalent shares for periods when there is a net loss from continuing operations.
v3.22.2.2
Revenues (Tables)
 12 Months Ended
Oct. 01, 2022
Revenue from Contract with Customer [Abstract]  
Disaggregation of Revenue by Major Source
The following table presents our revenues by segment and major source:
202220212020
DMEDDPEPContent License Early TerminationTotalDMEDDPEPTotalDMEDDPEPTotal
Affiliate fees$17,525$—$—$17,525$17,760$—$17,760$17,929$—$17,929
Subscription fees15,291——15,29112,020—12,0207,645—7,645
Advertising13,0444—13,04812,425412,42910,851410,855
Theme park admissions—8,602—8,602—3,8483,848—4,0384,038
Resort and vacations—6,410—6,410—2,7012,701—3,4023,402
Retail and wholesale sales of merchandise, food and beverage—7,838—7,838—4,9574,957—4,9524,952
Merchandise licensing—3,969—3,969123,5863,598323,2103,242
TV/SVOD distribution licensing4,452—(1,023)3,4295,266—5,2666,253—6,253
Theatrical distribution licensing1,875——1,875920—9202,134—2,134
Home entertainment820——8201,014—1,0141,802—1,802
Other2,0331,882—3,9151,4491,4562,9051,7041,4323,136
$55,040$28,705$(1,023)$82,722$50,866$16,552$67,418$48,350$17,038$65,388
Disaggregation of Revenue by Geographical Markets
The following table presents our revenues by segment and primary geographical markets:
202220212020
DMEDDPEPTotalDMEDDPEPTotalDMEDDPEPTotal
Americas$45,018$23,200$68,218$41,754$12,403$54,15739,163$12,829$51,992
Europe5,3283,3528,6805,0221,6686,6905,2402,0937,333
Asia Pacific4,6942,1536,8474,0902,4816,5713,9472,1166,063
$55,040$28,705$83,745$50,866$16,552$67,418$48,350$17,038$65,388
Content License Early Termination(1,023)  
$82,722
Contract with Customer, Asset and Liability
Contract assets, accounts receivable and deferred revenues from contracts with customers are as follows:
October 1,
2022		October 2,
2021
Contract assets$32  $155  
Accounts Receivable
Current10,886  11,190  
Non-current1,226  1,359  
Allowance for credit losses(179) (194) 
Deferred revenues
Current5,531  4,067  
Non-current927  581  
v3.22.2.2
Other Income , Net (Tables)
 12 Months Ended
Oct. 01, 2022
Other Income and Expenses [Abstract]  
Other income (expense), net
Other income (expense), net is as follows:
202220212020
DraftKings gain (loss)$(663) $(111) $973  
fuboTV gain—  186  —  
German FTA gain—  126  —  
Endemol Shine gain—  —  65  
Other, net(4) —  —  
Other income (expense), net$(667) $201  $1,038  
v3.22.2.2
Investments (Tables)
 12 Months Ended
Oct. 01, 2022
Investments [Abstract]  
Investments
Investments consist of the following:
October 1,
2022		October 2,
2021
Investments, equity basis$2,678  $2,638  
Investments, other540  1,297  
$3,218$3,935
v3.22.2.2
International Theme Parks (Tables)
 12 Months Ended
Oct. 01, 2022
Consolidating Balance Sheets  
Impact of Consolidating Financial Statements of International Theme Parks
The following table summarizes the carrying amounts of the Asia Theme Parks’ assets and liabilities included in the Company’s Consolidated Balance Sheet:
 October 1, 2022October 2, 2021
Cash and cash equivalents$280  $287  
Other current assets137  95  
Total current assets417  382  
Parks, resorts and other property6,356  6,928  
Other assets161  176  
Total assets$6,934  $7,486  
Current liabilities$468  $473  
Long-term borrowings1,426  1,331  
Other long-term liabilities395  422  
Total liabilities$2,289  $2,226  
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 Consolidated Statements of Operations for fiscal 2022:
Revenues$3,026  
Costs and expenses(3,459) 
Equity in the loss of investees(10) 
v3.22.2.2
Produced and Acquired/Licensed Content Costs and Advances (Tables)
 12 Months Ended
Oct. 01, 2022
Other Industries [Abstract]  
Balances of Produced and Licensed Content Costs
Total capitalized produced and licensed content by predominant monetization strategy is as follows:
As of October 1, 2022As of October 2, 2021
Predominantly Monetized IndividuallyPredominantly
Monetized
as a Group		TotalPredominantly Monetized IndividuallyPredominantly
Monetized
as a Group		Total
Produced content
Released, less amortization$4,639 $12,688 $17,327 $4,944 $9,779 $14,723 
Completed, not released214 2,019 2,233 630 762 1,392 
In-process5,041   6,793   11,834   4,371   4,623   8,994   
In development or pre-production372 254 626 351 162 513 
$10,266 $21,754 32,020 $10,296 $15,326 25,622 
Licensed content - Television Programming rights and advances5,647 6,110 
Total produced and licensed content$37,667 $31,732 
Current portion$1,890 $2,183 
Non-current portion$35,777 $29,549 
Amortization of Produced and Licensed Content Costs
Amortization of produced and licensed content is as follows:
202220212020
Produced content
Predominantly monetized individually$3,448$2,947$4,305
Predominantly monetized as a group6,7765,2285,032
10,2248,1759,337
Licensed programming rights and advances13,43212,78411,241
Total produced and licensed content costs(1)
$23,656$20,959$20,578
(1)Primarily included in “Costs of services” in the Consolidated Statements of Operations.
Expected Amortization of Produced and Licensed Content
Total expected amortization by fiscal year of completed (released and not released) produced, licensed and acquired film and television library content on the balance sheet as of October 1, 2022 is as follows:
Predominantly Monetized IndividuallyPredominantly
Monetized
as a Group		Total
Produced content
Released
2023$1,158 $2,906 $4,064 
2024674 2,002 2,676 
2025524   1,636   2,160   
Completed, not released
202391   778   869   
Licensed content - Programming rights and advances
2023$3,228 
20241,069 
2025534   
v3.22.2.2
Borrowings (Tables)
 12 Months Ended
Oct. 01, 2022
Debt Disclosure [Abstract]  
Borrowings including Impact of Interest Rate Swaps Designated as Hedges
The Company’s borrowings, including the impact of interest rate and cross-currency swaps, are summarized as follows:
   October 1, 2022
 Oct. 1, 2022Oct. 2, 2021
Stated
Interest
Rate(1)
Pay Floating Interest rate and Cross-
Currency Swaps(2)
Effective
Interest
Rate(3)
Swap
Maturities
Commercial paper
$1,662  $1,992  —$—3.31%
U.S. dollar denominated notes(4)
45,091  49,090  4.03%12,6254.07%2023-2031
Foreign currency denominated debt1,844  2,011  2.92%1,8473.42%2025-2027
Other(5)
(1,653) (18) —
46,944  53,075  3.85%14,4724.02%
Asia Theme Parks borrowings1,425  1,331  2.35%—6.11%
Total borrowings48,369  54,406  3.94%14,4724.08%
Less current portion3,070  5,866  3.65%1,0003.85%
Total long-term borrowings
$45,299  $48,540  $13,472
(1)The stated interest rate represents the weighted-average coupon rate for each category of borrowings. For floating-rate borrowings, interest rates are the rates in effect at October 1, 2022; these rates are not necessarily an indication of future interest rates.
(2)Amounts represent notional values of interest rate and cross-currency swaps outstanding as of October 1, 2022.
(3)The effective interest rate includes the impact of existing and terminated interest rate and cross-currency swaps, purchase accounting adjustments and debt issuance premiums, discounts and costs.
(4)Includes net debt issuance discounts, costs and purchase accounting adjustments totaling a net premium of $1.9 billion and $2.1 billion at October 1, 2022 and October 2, 2021, respectively.
(5)Includes market value adjustments for debt with qualifying hedges, which reduces borrowings by $1.7 billion and $0.1 billion at October 1, 2022 and October 2, 2021, respectively.
Schedule of Commercial Paper
At October 1, 2022, the Company’s bank facilities, which are with a syndicate of lenders and support our commercial paper borrowings, were as follows:
Committed
Capacity		Capacity
Used		Unused
Capacity
Facility expiring March 2023$5,250$—$5,250
Facility expiring March 20253,000—3,000
Facility expiring March 20274,000—4,000
Total$12,250$—$12,250
Commercial Paper Activity
Commercial paper activity is as follows:
Commercial paper with original maturities less than three months, net(1)
Commercial paper with original maturities greater than three monthsTotal
Balance at Oct. 3, 2020$—  $2,023  $2,023  
Additions—  2,221  2,221  
Payments—  (2,247) (2,247) 
Other Activity—  (5) (5) 
Balance at Oct. 2, 2021$—  $1,992  $1,992  
Additions50  2,417  2,467  
Payments—  (2,801) (2,801) 
Other Activity—  4  4  
Balance at Oct. 1, 2022$50  $1,612  $1,662  
(1)Borrowings and reductions of borrowings are reported net.
Total Borrowings Excluding Market Value Adjustments, Scheduled Maturities
The following table provides total borrowings, excluding market value adjustments and debt issuance premiums, discounts and costs, by scheduled maturity date as of October 1, 2022. The table also provides the estimated interest payments on these borrowings as of October 1, 2022 although actual future payments will differ for floating-rate borrowings:
Borrowings
Fiscal Year:Before 
Asia
Theme Parks
Consolidation		Asia 
Theme Parks		Total Borrowings
Interest(1)
Total Borrowings and Interest
2023$2,918$162$3,080$1,811$4,891
20242,872—2,8721,7484,620
20253,6041023,7061,6315,337
20264,578—4,5781,5336,111
20272,905—2,9051,4284,333
Thereafter29,8811,16131,04219,73850,780
$46,758$1,425$48,183$27,889$76,072
(1) In 2023, the Company has the ability to call a debt instrument prior to its scheduled maturity, which if exercised by the Company would reduce future interest payments by $1.1 billion.
v3.22.2.2
Income Taxes (Tables)
 12 Months Ended
Oct. 01, 2022
Income Tax Disclosure [Abstract]  
(Loss) Income Before Income Taxes
Income (Loss) Before Income Taxes202220212020
Domestic subsidiaries (including U.S. exports)$5,955  $5,241  $4,706  
Foreign subsidiaries(1)
(670) (2,680) (6,449) 
Total income (loss) from continuing operations5,285  2,561  (1,743) 
Loss from discontinued operations(62) (38) (42) 
$5,223  $2,523  $(1,785) 
(1) Includes goodwill and intangible asset impairment in fiscal 2020.
Income Tax Expense (Benefit)
Income Tax Expense (Benefit)
Current202220212020
Federal$436  $594  $95  
State282  129  148  
Foreign(1)
846  554  731  
1,564  1,277  974  
Deferred
Federal407  (526) 279  
State26  (220) (29) 
Foreign(265) (506) (525) 
168  (1,252) (275) 
Income tax expense from continuing operations1,732  25  699  
Income tax expense from discontinued operations(14) (9) (10) 
$1,718  $16  $689  
(1)Includes foreign withholding taxes.
Schedule of Deferred Tax Assets and Liabilities
Components of Deferred Tax (Assets) and LiabilitiesOctober 1, 2022October 2, 2021
Deferred tax assets
Net operating losses and tax credit carryforwards(1)
$(3,527) $(3,944) 
Accrued liabilities(1,570) (2,544) 
Lease liabilities(748) (764) 
Licensing revenues(124) (80) 
Other(819) (725) 
Total deferred tax assets(6,788) (8,057) 
Deferred tax liabilities
Depreciable, amortizable and other property8,575  7,916  
Investment in U.S. entities1,798  2,653  
Right-of-use assets676  697  
Investment in foreign entities543  392  
Other64  164  
Total deferred tax liabilities11,656  11,822  
Net deferred tax liability before valuation allowance4,868  3,765  
Valuation allowance2,859  2,795  
Net deferred tax liability$7,727  $6,560  
(1)Balances as of October 1, 2022 and October 2, 2021 include approximately $1.5 billion and $1.6 billion, respectively, of International Theme Park net operating losses and approximately $1.0 billion at both October 1, 2022 and October 2, 2021 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 $0.2 billion may expire between fiscal 2023 and fiscal 2028. Foreign tax credits in the U.S. have a ten-year carryforward period. Foreign tax credits of $1.0 billion may expire beginning fiscal 2026.
Summary of Valuation Allowance
The following table details the change in valuation allowance for fiscal 2022, 2021 and 2020 (in billions):
Balance at Beginning of PeriodCharges to Tax ExpenseOther ChangesBalance at End of Period
Year ended October 1, 2022
$2.8  $0.4  $(0.3) $2.9  
Year ended October 2, 2021
2.4  0.4  —  2.8  
Year ended October 3, 2020
1.9  0.6  (0.1) 2.4  
Reconciliation of Effective Income Tax Rate to Federal Rate
20222021
2020(1)
Federal income tax rate21.0  % 21.0  % 21.0  % 
State taxes, net of federal benefit3.1 1.9 4.3 
Tax rate differential on foreign income4.3 12.0 (16.5)
Foreign derived intangible income(3.4)(6.4)— 
Excess tax benefits from equity awards— (5.3)3.7 
Legislative changes1.7 (12.2)4.4 
Income tax audits and reserves2.7 (4.8)(6.1)
Goodwill impairment— — (41.1)
Valuation allowance4.5 2.6 (14.6)
Other(1.1)(7.8)4.8 
32.8 %1.0 %(40.1 %)
(1)In fiscal 2020, the Company had a pre-tax loss. Positive amounts reflect tax benefits, whereas negative amounts reflect tax expense.
Reconciliation of Beginning and Ending Amount of Gross Unrecognized Tax Benefits, Excluding Related Accrual for Interest
A reconciliation of the beginning and ending amount of gross unrecognized tax benefits, excluding the related accrual for interest, is as follows:
202220212020
Balance at the beginning of the year$2,641  $2,740  $2,952  
Increases for current year tax positions48  51  26  
Increases for prior year tax positions103  556  168  
Decreases in prior year tax positions(108) (174) (99) 
Settlements with taxing authorities(235) (532) (307) 
Balance at the end of the year$2,449  $2,641  $2,740  
v3.22.2.2
Pension and Other Benefit Programs (Tables)
 12 Months Ended
Oct. 01, 2022
Retirement Benefits [Abstract]  
Benefit Obligations, Assets, Funded Status and Balance Sheet Impacts Associated with Pension and Postretirement Medical Benefit Plans based upon Actuarial Valuations
The following chart summarizes the benefit obligations, assets, funded status and balance sheet impacts associated with the defined benefit pension and postretirement medical benefit plans:
 Pension PlansPostretirement Medical Plans
 October 1,
2022		October 2,
2021		October 1,
2022		October 2,
2021
Projected benefit obligations
Beginning obligations$(20,955) $(20,760) $(2,121) $(2,104) 
Service cost(400) (434) (9) (10) 
Interest cost(500) (457) (51) (47) 
Actuarial gain (loss)(1)
6,159  15  595  (13) 
Plan amendments and other39  20  (16) (14) 
Benefits paid629  661  63  67  
Ending obligations$(15,028) $(20,955) $(1,539) $(2,121) 
Fair value of plans’ assets
Beginning fair value$18,076  $15,598  $889  $771  
Actual return on plan assets(2,715) 2,653  (134) 137  
Contributions96  565  61  47  
Benefits paid(629) (661) (63) (67) 
Expenses and other(107) (79) (4) 1  
Ending fair value$14,721  $18,076  $749  $889  
Underfunded status of the plans$(307) $(2,879) $(790) $(1,232) 
Amounts recognized in the balance sheet
Non-current assets$913  $88  $—  $—  
Current liabilities(66) (63) (4) (4) 
Non-current liabilities(1,154) (2,904) (786) (1,228) 
$(307) $(2,879) $(790) $(1,232) 
(1)The actuarial gain for fiscal 2022 was due to an increase in the discount rate used to determine the fiscal year-end benefit obligation from the rate that was used in the preceding fiscal year.
Net Periodic Benefit Cost
The components of net periodic benefit cost are as follows:
 Pension PlansPostretirement Medical Plans
 202220212020202220212020
Service cost$400  $434  $410  $9  $10  $10  
Other costs (benefits):
Interest cost500  457  527  51  47  56  
Expected return on plan assets(1,174) (1,100) (1,084) (59) (55) (57) 
Amortization of prior-year service costs7  11  13  —  —  —  
Recognized net actuarial loss 585  777  544  28  30  14  
Total other costs (benefits)(82) 145  —  20  22  13  
Net periodic benefit cost$318  $579  $410  $29  $32  $23  
Key Assumptions
Key assumptions are as follows:
 Pension PlansPostretirement Medical Plans
 202220212020202220212020
Discount rate used to determine the fiscal year‑end benefit obligation5.44 %2.88 %2.82 %5.47 %2.89 %2.80 %
Discount rate used to determine the interest cost component of net periodic benefit cost2.45 %2.28 %2.94 %2.47 %2.28 %2.95 %
Rate of return on plan assets7.00 %7.00 %7.00 %7.00 %7.00 %7.00 %
Weighted average rate of compensation increase to determine the fiscal year‑end benefit obligation3.10 %3.10 %3.20 %n/an/an/a
Year 1 increase in cost of benefitsn/an/an/a7.00 %7.00 %7.00 %
Rate of increase to which the cost of benefits is assumed to decline (the ultimate trend rate)n/an/an/a4.00 %4.00 %4.25 %
Year that the rate reaches the ultimate trend raten/an/an/a2041 2040 2034
Accumulated Other Comprehensive Loss, Before Tax, Not yet Recognized in Net Periodic Benefit Cost
AOCI, before tax, as of October 1, 2022 consists of the following amounts that have not yet been recognized in net periodic benefit cost:
Pension PlansPostretirement
Medical Plans		Total
Prior service cost$26  $—  $26  
Net actuarial loss3,838  (93) 3,745  
Total amounts included in AOCI3,864  (93) 3,771  
Prepaid (accrued) pension cost(3,557) 883  (2,674) 
Net balance sheet liability$307  $790  $1,097  
Plan Assets Investment Policy Ranges for Major Asset Classes The investment policy ranges for the major asset classes are as follows:
Asset ClassMinimumMaximum
Equity investments30%60%
Fixed income investments20%40%
Alternative investments10%30%
Cash & money market funds—%10%
Defined Benefit Plan Assets Measured at Fair Value
The Company’s defined benefit plan assets are summarized by level in the following tables:
As of October 1, 2022
DescriptionLevel 1Level 2TotalPlan Asset Mix
Cash$177  $—  $177  1%
Common and preferred stocks(1)
3,118  —  3,118  20%
Mutual funds1,044  —  1,044  7%
Government and federal agency bonds, notes and MBS
2,061  293  2,354  15%
Corporate bonds
—  751  751  5%
Other mortgage- and asset-backed securities—  84  84  1%
Derivatives and other, net
2  13  15  —%
Total investments in the fair value hierarchy $6,402  $1,141  $7,543  
Assets valued at NAV as a practical expedient:
Common collective funds
3,479  22%
Alternative investments4,208  27%
Money market funds and other240  2%
Total investments at fair value$15,470  100%
As of October 2, 2021
DescriptionLevel 1Level 2TotalPlan Asset Mix
Cash$77  $—  $77  —%
Common and preferred stocks(1)
4,407  —  4,407  23%
Mutual funds1,326  —  1,326  7%
Government and federal agency bonds, notes and MBS
2,437  349  2,786  15%
Corporate bonds
—  1,098  1,098  6%
Other mortgage- and asset-backed securities—  96  96  1%
Derivatives and other, net
8  21  29  —%
Total investments in the fair value hierarchy $8,255  $1,564  $9,819  
Assets valued at NAV as a practical expedient:
Common collective funds
4,550  24%
Alternative investments4,342  23%
Money market funds and other254  1%
Total investments at fair value$18,965  100%
(1)Includes 2.9 million shares of Company common stock valued at $273 million (2% of total plan assets) and 2.9 million shares valued at $489 million (3% of total plan assets) at October 1, 2022 and October 2, 2021, respectively.
Estimated Future Benefit Payments
The following table presents estimated future benefit payments for the next ten fiscal years:
Pension
Plans
Postretirement
Medical Plans(1)
2023$720$65
202472769
202577173
202681578
202785883
2028 – 20324,874479
(1)Estimated future benefit payments are net of expected Medicare subsidy receipts of $81 million.
Long Term Rates of Return by Asset Class The following long-term rates of return by asset class were considered in setting the long-term rate of return on plan assets assumption:
Equity Securities6 %to10 %
Debt Securities2 %to5 %
Alternative Investments6 %to11 %
One Percentage Point (ppt) Change on Projected Benefit Obligations A one percentage point change in the discount rate and expected long-term rate of return on plan assets would have the following effects on the projected benefit obligations for pension and postretirement medical plans as of October 1, 2022 and on cost for fiscal 2023:
 Discount RateExpected Long-Term
Rate of Return On Assets
Increase (decrease)Benefit
Expense		Projected Benefit ObligationsBenefit
Expense
1 percentage point decrease$242  $2,342  $172  
1 percentage point increase(59) (2,045) (172) 
Contribution into Multiemployer Pension Plans and Health and Welfare Plans
The following table sets forth our contributions to multiemployer pension and health and welfare benefit plans:
202220212020
Pension plans$402$289$221
Health & welfare plans401272217
Total contributions$803$561$438
v3.22.2.2
Equity (Tables)
 12 Months Ended
Oct. 01, 2022
Equity [Abstract]  
Dividends Declared
The Company paid the following dividend in fiscal 2020:
Per ShareTotal PaidPayment TimingRelated to Fiscal Period
$0.88$1.6 billionSecond Quarter of Fiscal 2020Second Half 2019
Changes in Accumulated Other Comprehensive Income (Loss), Net of Tax
The following table summarizes the changes in each component of accumulated other comprehensive income (loss) (AOCI) including our proportional share of equity method investee amounts:
 Market Value
Adjustments
for Hedges		Unrecognized
Pension and 
Postretirement
Medical 
Expense		Foreign
Currency
Translation
and Other		AOCI
AOCI, before tax
Balance at September 28, 2019$129  $(7,502) $(1,086) $(8,459) 
Unrealized gains (losses) arising during the period
(57) (2,468) (2) (2,527) 
Reclassifications of net (gains) losses to net income(263) 547  —  284  
Balance at October 3, 2020$(191) $(9,423) $(1,088) $(10,702) 
Unrealized gains (losses) arising during the period70  1,582  41  1,693  
Reclassifications of net (gains) losses to net income(31) 816  —  785  
Balance at October 2, 2021$(152) $(7,025) $(1,047) $(8,224) 
Unrealized gains (losses) arising during the period
1,098  2,635  (967) 2,766  
Reclassifications of net (gains) losses to net income
(142) 620  —  478  
Balance at October 1, 2022$804  $(3,770) $(2,014) $(4,980) 
 Market Value
Adjustments
for Hedges		Unrecognized
Pension and 
Postretirement
Medical 
Expense		Foreign
Currency
Translation
and Other		AOCI
Tax on AOCI
Balance at September 28, 2019$(29) $1,756  $115  $1,842  
Unrealized gains (losses) arising during the period
8  572  24  604  
Reclassifications of net (gains) losses to net income61  (127) —  (66) 
Balance at October 3, 2020$40  $2,201  $139  $2,380  
Unrealized gains (losses) arising during the period
(8) (358) (50) (416) 
Reclassifications of net (gains) losses to net income
10  (190) —  (180) 
Balance at October 2, 2021$42  $1,653  $89  $1,784  
Unrealized gains (losses) arising during the period
(254) (608) 50  (812) 
Reclassifications of net (gains) losses to net income
33  (144) —  (111) 
Balance at October 1, 2022$(179) $901  $139  $861  
 Market Value
Adjustments
for Hedges		Unrecognized
Pension and 
Postretirement
Medical 
Expense		Foreign
Currency
Translation
and Other		AOCI
AOCI, after tax
Balance at September 28, 2019$100  $(5,746) $(971) $(6,617) 
Unrealized gains (losses) arising during the period
(49) (1,896) 22  (1,923) 
Reclassifications of net (gains) losses to net income(202) 420  —  218  
Balance at October 3, 2020$(151) $(7,222) $(949) $(8,322) 
Unrealized gains (losses) arising during the period
62  1,224  (9) 1,277  
Reclassifications of net (gains) losses to net income
(21) 626  —  605  
Balance at October 2, 2021$(110) $(5,372) $(958) $(6,440) 
Unrealized gains (losses) arising during the period
844  2,027  (917) 1,954  
Reclassifications of net (gains) losses to net income
(109) 476  —  367  
Balance at October 1, 2022$625  $(2,869) $(1,875) $(4,119) 
Details of AOCI Reclassified to Net Income
Details about AOCI components reclassified to net income are as follows:
Gains (losses) in net income:
Affected line item in the Consolidated Statements of Operations:202220212020
Market value adjustments, primarily cash flow hedges
Primarily revenue$142  $31  $263  
Estimated taxIncome taxes(33) (10) (61) 
109  21  202  
Pension and postretirement medical expense
Interest expense, net(620) (816) (547) 
Estimated taxIncome taxes144  190  127  
(476) (626) (420) 
Total reclassifications for the period
$(367) $(605) $(218) 
v3.22.2.2
Equity-Based Compensation (Tables)
 12 Months Ended
Oct. 01, 2022
Share-Based Payment Arrangement [Abstract]  
Weighted Average Assumptions used in Option-Valuation Model
The weighted average assumptions used in the option-valuation model were as follows:
202220212020
Risk-free interest rate1.6%1.2%1.8%
Expected volatility28%30%23%
Dividend yield—%0.03%1.36%
Termination rate5.8%5.8%5.8%
Exercise multiple1.98 1.83 1.83 
Impact of Stock Options and Restricted Stock Units on Income
Compensation expense related to stock options and RSUs is as follows:
202220212020
Stock option$88  $95  $101  
RSUs889  505  424  
Total equity-based compensation expense(1)
977  600  525  
Tax impact(221) (136) (118) 
Reduction in net income$756  $464  $407  
Equity-based compensation expense capitalized during the period$148  $112  $87  
(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.
Information about Stock Option Transactions
The following table summarizes information about stock option transactions in fiscal 2022 (shares in millions):
 SharesWeighted
Average
Exercise Price
Outstanding at beginning of year18    $113.99
Awards forfeited—    143.27
Awards granted2    146.15
Awards exercised(2)   69.05
Outstanding at end of year18    $121.28
Exercisable at end of year13    $111.01
Information about Stock Options Vested and Expected to Vest
The following tables summarize information about stock options vested and expected to vest at October 1, 2022 (shares in millions):
Vested
Range of Exercise PricesNumber of
Options		Weighted Average
Exercise Price		Weighted Average
Remaining Years of 
Contractual Life
$0 —$55 1$51.280.3
$56 —$110 495.593.1
$111 —$165 7120.615.7
$166 —$225 1177.748.4
13
Expected to Vest
Range of Exercise Prices
Number of
Options(1)
Weighted Average
Exercise Price		Weighted Average
Remaining Years of 
Contractual Life
$95 —$125 1$109.616.7
$126 —$155 3148.368.1
$156 —$185 1173.448.4
5
(1)Number of options expected to vest is total unvested options less estimated forfeitures.
Information about Restricted Stock Unit Transactions
The following table summarizes information about RSU transactions in fiscal 2022 (shares in millions):
 
Units(3)
Weighted Average
Grant-Date Fair Value
Unvested at beginning of year13$151.61
Granted(1)
13136.36
Vested(7) 144.39
Forfeited(1) 155.88
Unvested at end of year(2)
18$144.00
(1)Includes 0.3 million Performance RSUs
(2)Includes 0.6 million Performance RSUs
(3)Excludes Performance RSUs for which vesting is subject to service conditions and the number of units vesting is subject to the discretion of the CEO. At October 1, 2022, the maximum number of these Performance RSUs that could be issued upon vesting is 0.1 million.
v3.22.2.2
Detail of Certain Balance Sheet Accounts (Tables)
 12 Months Ended
Oct. 01, 2022
Balance Sheet Related Disclosures [Abstract]  
Current Receivables
Current receivablesOctober 1,
2022		October 2,
2021
Accounts receivable$10,811  $11,177  
Other1,999  2,360  
Allowance for credit losses(158) (170) 
$12,652  $13,367  
Parks, Resorts and Other Property, at Cost
Parks, resorts and other property
Attractions, buildings and improvements$33,795  $32,765  
Furniture, fixtures and equipment24,409  24,008  
Land improvements7,757  7,061  
Leasehold improvements1,037  1,058  
66,998  64,892  
Accumulated depreciation(39,356) (37,920) 
Projects in progress4,814  4,521  
Land1,140  1,131  
$33,596  $32,624  
Intangible Assets
Intangible assets
Character/franchise intangibles, copyrights and trademarks$10,572  $10,572  
MVPD agreements8,058  8,089  
Other amortizable intangible assets4,045  4,303  
Accumulated amortization(9,630) (7,641) 
Net amortizable intangible assets13,045  15,323  
Indefinite lived intangible assets(1)
1,792  1,792  
$14,837  $17,115  
(1)Indefinite lived intangible assets consist of ESPN, Pixar and Marvel trademarks and television FCC licenses.
Accounts Payable and Other Accrued Liabilities
Accounts payable and other accrued liabilities
Accounts and accrued payables$16,205  $16,357  
Payroll and employee benefits3,447  3,482  
Other561  1,055  
$20,213  $20,894  
Other Long-term Liabilities
Other long-term liabilities
Pension and postretirement medical plan liabilities$1,940  $4,132  
Operating and financing lease liabilities3,239  3,229  
Other7,339  7,161  
$12,518  $14,522  
v3.22.2.2
Commitments and Contingencies (Tables)
 12 Months Ended
Oct. 01, 2022
Commitments and Contingencies Disclosure [Abstract]  
Contractual Commitments for Broadcast Programming Rights, Creative Talent and Other Commitments Contractual commitments for sports programming rights, other programming rights and other commitments including cruise ships and creative talent are as follows:
Fiscal Year:
Sports Programming(1)
Other
Programming		OtherTotal
2023$10,783  $3,815  $2,891  $17,489  
20249,906  1,469  2,735  14,110  
202510,222  977  1,747  12,946  
20267,420  738  379  8,537  
20276,528  554  153  7,235  
Thereafter22,745  585  2,628  25,958  
$67,604  $8,138  $10,533  $86,275  
(1)Primarily relates to rights for NFL, college football (including bowl games and the College Football Playoff) and basketball, cricket, NBA, NHL, soccer, UFC, MLB, tennis, golf and Top Rank Boxing. Certain sports programming rights have payments that are variable based primarily on revenues and are not included in the table above. The Company has multi-year agreements to sublicense less than 5% of our sports right.
v3.22.2.2
Leases (Tables)
 12 Months Ended
Oct. 01, 2022
Leases [Abstract]  
Summary of Right-of-Use Assets and Lease Liabilities on the Balance Sheet
The Company’s operating and finance right-of-use assets and lease liabilities are as follows:
October 1, 2022October 2, 2021
Right-of-use assets(1)
Operating leases$3,966  $3,895  
Finance leases303  336  
Total right-of-use assets4,269  4,231  
Short-term lease liabilities(2)
Operating leases614  637  
Finance leases37  41  
651  678  
Long-term lease liabilities(3)
Operating leases3,020  2,983  
Finance leases219  246  
3,239  3,229  
Total lease liabilities$3,890  $3,907  
(1)Included in “Other assets” in the Consolidated Balance Sheet
(2)Included in “Accounts payable and other accrued liabilities” in the Consolidated Balance Sheet
(3)Included in “Other long-term liabilities” in the Consolidated Balance Sheet
Components of Lease Costs
The components of lease costs are as follows:
202220212020
Finance lease cost
Amortization of right-of-use assets$39  $42 $37 
Interest on lease liabilities15  20 16 
Operating lease cost 796  853 899 
Variable fees and other(1)
363  414 491 
Total lease cost$1,213  $1,329  $1,443  
(1)Includes variable lease payments related to our operating and finance leases and costs of leases with initial terms of less than one year, net of sublease income
Summary of Cash Flows Arising From Lease Transactions
Cash paid during the year for amounts included in the measurement of lease liabilities is as follows:
202220212020
Operating cash flows for operating leases $736  $925  $879  
Operating cash flows for finance leases 15  20  16  
Financing cash flows for finance leases 48  25  37  
Total$799  $970  $932  
Lease Liability, Fiscal Year Maturity - Operating Lease
Future minimum lease payments, as of October 1, 2022, are as follows:
OperatingFinancing
Fiscal Year:
2023$704  $52  
2024590  43  
2025523  38  
2026384  33  
2027272  27  
Thereafter2,072  423  
Total undiscounted future lease payments4,545  616  
Less: Imputed interest(910) (360) 
Total reported lease liability$3,635  $256  
Lease, Liability, Fiscal Year Maturity - Finance Lease
Future minimum lease payments, as of October 1, 2022, are as follows:
OperatingFinancing
Fiscal Year:
2023$704  $52  
2024590  43  
2025523  38  
2026384  33  
2027272  27  
Thereafter2,072  423  
Total undiscounted future lease payments4,545  616  
Less: Imputed interest(910) (360) 
Total reported lease liability$3,635  $256  
v3.22.2.2
Fair Value Measurement (Tables)
 12 Months Ended
Oct. 01, 2022
Fair Value Disclosures [Abstract]  
Assets and Liabilities Measured at Fair Value The Company’s assets and liabilities measured at fair value are summarized in the following tables by fair value measurement Level. See Note 10 for definitions of fair value measures and the Levels within the fair value hierarchy.
 Fair Value Measurement at October 1, 2022
DescriptionLevel 1 Level 2Level 3Total
Assets
Investments$308  $—  $—  $308  
Derivatives
Interest rate—  1  —  1  
Foreign exchange—  2,223  —  2,223  
Other—  10  —  10  
Liabilities
Derivatives
Interest rate—  (1,783) —  (1,783) 
Foreign exchange—  (1,239) —  (1,239) 
Other—  (31) —  (31) 
Other—  (354) —  (354) 
Total recorded at fair value$308  $(1,173) $—  $(865) 
Fair value of borrowings$—  $42,509  $1,510  $44,019  
 Fair Value Measurement at October 2, 2021
DescriptionLevel 1Level 2Level 3Total
Assets
Investments$950  $—  $—  $950  
Derivatives
Interest rate—  186  —  186  
Foreign exchange—  707  —  707  
Other—  10  —  10  
Liabilities
Derivatives
Interest rate—  (287) —  (287) 
Foreign exchange—  (618) —  (618) 
Other—  (8) —  (8) 
Other—  (375) —  (375) 
Total recorded at fair value950  (385) —  565  
Fair value of borrowings$—  $58,913  $1,411  $60,324  
v3.22.2.2
Derivative Instruments (Tables)
 12 Months Ended
Oct. 01, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Gross Fair Value of Derivative Positions
The Company’s derivative positions measured at fair value are summarized in the following tables:
 As of October 1, 2022
 Current
Assets		Other
Assets		Other
Current
Liabilities		Other Long-
Term
Liabilities
Derivatives designated as hedges
Foreign exchange$864  $786  $(228) $(350) 
Interest rate—  1  (1,783) —  
Other10  —  (4) —  
Derivatives not designated as hedges
Foreign exchange336  247  (374) (287) 
Other—  —  (27) —  
Gross fair value of derivatives1,210  1,034  (2,416) (637) 
Counterparty netting(831) (715) 1,070  476  
Cash collateral (received) paid(341) (151) 1,282  96  
Net derivative positions$38  $168  $(64) $(65) 
 As of October 2, 2021
 Current
Assets		Other
Assets		Other
Current
Liabilities		Other Long-
Term
Liabilities
Derivatives designated as hedges
Foreign exchange$165  $240  $(122) $(83) 
Interest rate—  186  (287) —  
Other10  —  —  —  
Derivatives not designated as hedges
Foreign exchange183  119  (208) (205) 
Other(8)— — — 
Gross fair value of derivatives350  545  (617) (288) 
Counterparty netting(301) (360) 460  201  
Cash collateral (received) paid(3) (51) 157  73  
Net derivative positions$46  $134  $—  $(14) 
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 BorrowingsFair Value Adjustments Included in Hedged Borrowings
October 1, 2022October 2, 2021October 1, 2022October 2, 2021
Borrowings:
Current$997  $505  $(3) $5  
Long-term12,358  15,136  (1,733) (103) 
$13,355  $15,641  $(1,736) $(98) 
Adjustments Related to Fair Value Hedges Included in Net Interest Income/(Expense) in Consolidated Statements of Income
The following amounts are included in “Interest expense, net” in the Consolidated Statements of Operations:
 202220212020
Gain (loss) on:
Pay-floating swaps$(1,635) $(603) $479  
Borrowings hedged with pay-floating swaps1,635  603  (479) 
Benefit associated with interest accruals on pay-floating swaps31  143  28  
Effect of foreign Exchange Cash Flow Hedges on AOCI The following table summarizes the effect of foreign exchange cash flow hedges on AOCI:
202220212020
Gain (loss) recognized in Other Comprehensive Income
$1,093  $61  $(63) 
Gain (loss) reclassified from AOCI into the Statement of Operations(1)
116  24  269  
(1)Primarily recorded in revenue.
Gain (Loss) on Cross Currency Swap Activity Included in Interest Expense
The following amounts are included in “Interest expense, net” in the Consolidated Statements of Operations:
202220212020
Gain (loss) on:
Cross currency swaps$(84) $47 $53 
Borrowings hedged with cross currency swaps84(47)(53)
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 Consolidated Statements of Operations:
Costs and ExpensesInterest expense, netIncome Tax Expense
202220212020202220212020202220212020
Net gains (losses) on foreign currency denominated assets and liabilities
$(685) $(30) $10  $82  $(47) $1  $212  $(7) $(35) 
Net gains (losses) on foreign exchange risk management contracts not designated as hedges
547  (83) (56) (82) 47  —  (208) 2  33  
Net gains (losses)
$(138) $(113) $(46) $—  $—  $1  $4  $(5) $(2) 
v3.22.2.2
Restructuring and Impairment Charges (Tables)
 12 Months Ended
Oct. 01, 2022
Restructuring and Related Activities [Abstract]  
Schedule of Restructuring Reserve by Type of Cost
The changes in restructuring reserves related to the TFCF integration, including amounts recorded in “Restructuring and impairment charges” in the Consolidated Statements of Operations in fiscal 2021 and 2020, are as follows (activity in fiscal 2022 and the balance at October 1, 2022 were not material):
Balance at September 28, 2019$676  
Additions in fiscal 2020
453  
Payments in fiscal 2020
(772) 
Balance at October 3, 2020357  
Additions in fiscal 2021
44  
Payments in fiscal 2021
(351) 
Balance at October 2, 2021$50  
v3.22.2.2
Financial Information by Operating Segments (Details) - USD ($)
$ in Millions
 12 Months Ended
Oct. 01, 2022
Oct. 02, 2021
Oct. 03, 2020
Segment Reporting Information [Line Items]      
Revenues $ 82,722 $ 67,418 $ 65,388
Segment Operating Income [1] 12,121 7,766 8,108
Disney Media and Entertainment Distribution      
Segment Reporting Information [Line Items]      
Revenues 55,040 50,866 48,350
Segment Operating Income 4,216 7,295 7,653
Disney Parks, Experiences and Products      
Segment Reporting Information [Line Items]      
Revenues 28,705 16,552 17,038
Segment Operating Income 7,905 471 455
Total Segments      
Segment Reporting Information [Line Items]      
Revenues $ 83,745 $ 67,418 $ 65,388
[1] Equity in the income of investees is included in segment operating income as follows:
202220212020
Disney Media and Entertainment Distribution$838  $795  $696  
Disney Parks, Experiences and Products(10) (19) (19) 
Equity in the income of investees included in segment operating income828  776  677  
Amortization of TFCF intangible assets related to equity investees
(12) (15) (26) 
Equity in the income of investees$816  $761  $651  
v3.22.2.2
Equity in the Income of Investees Included in Segment Operating Results Footnote (Details) - USD ($)
$ in Millions
 12 Months Ended
Oct. 01, 2022
Oct. 02, 2021
Oct. 03, 2020
Schedule of Equity Method Investments [Line Items]      
Equity in the income of investees $ 816 $ 761 $ 651
Amortization of Intangible Assets Held by Equity Investees (12) (15) (26)
Disney Media and Entertainment Distribution      
Schedule of Equity Method Investments [Line Items]      
Equity in the income of investees 838 795 696
Disney Parks, Experiences and Products      
Schedule of Equity Method Investments [Line Items]      
Equity in the income of investees (10) (19) (19)
Total Segments      
Schedule of Equity Method Investments [Line Items]      
Equity in the income of investees $ 828 $ 776 $ 677
v3.22.2.2
Reconciliation of Revenue from Segments to Consolidated (Details) - USD ($)
$ in Millions
 12 Months Ended
Oct. 01, 2022
Oct. 02, 2021
Oct. 03, 2020
Segment Reporting, Revenue Reconciling Item [Line Items]      
Revenues $ 82,722 $ 67,418 $ 65,388
Content License Early Termination (1,023) [1] 0 0
Total Segments      
Segment Reporting, Revenue Reconciling Item [Line Items]      
Revenues $ 83,745 $ 67,418 $ 65,388
[1] In fiscal 2022, the Company recognized a reduction in revenue for amounts to early terminate certain license agreements with a customer for film and television content, which was delivered in previous years, in order for the Company to use the content primarily on our direct-to-consumer services (Content License Early Termination). Because the content is functional IP, we recognized substantially all of the consideration to be paid by the customer under the licenses as revenue in prior years when the content was made available under the agreements. Consequently, we have recorded the amounts to terminate the license agreements, net of remaining amounts of deferred revenue, as a reduction of revenue in the current year.
v3.22.2.2
Reconciliation of Segment Operating Income to Income before Income Taxes (Details) - USD ($)
$ in Millions
 12 Months Ended
Oct. 01, 2022
Oct. 02, 2021
Oct. 03, 2020
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]      
Segment Operating Income [1] $ 12,121 $ 7,766 $ 8,108
Content License Early Termination (1,023) [2] 0 0
Corporate and unallocated shared expenses (1,159) (928) (817)
Restructuring and impairment charges (237) (654) (5,735)
Other income (expense), net (667) 201 1,038
Interest expense, net (1,397) (1,406) (1,491)
TFCF and Hulu acquisition amortization [3] (2,353) (2,418) (2,846)
Income (loss) from continuing operations before income taxes $ 5,285 $ 2,561 $ (1,743)
[1] Equity in the income of investees is included in segment operating income as follows:
202220212020
Disney Media and Entertainment Distribution$838  $795  $696  
Disney Parks, Experiences and Products(10) (19) (19) 
Equity in the income of investees included in segment operating income828  776  677  
Amortization of TFCF intangible assets related to equity investees
(12) (15) (26) 
Equity in the income of investees$816  $761  $651  
[2] In fiscal 2022, the Company recognized a reduction in revenue for amounts to early terminate certain license agreements with a customer for film and television content, which was delivered in previous years, in order for the Company to use the content primarily on our direct-to-consumer services (Content License Early Termination). Because the content is functional IP, we recognized substantially all of the consideration to be paid by the customer under the licenses as revenue in prior years when the content was made available under the agreements. Consequently, we have recorded the amounts to terminate the license agreements, net of remaining amounts of deferred revenue, as a reduction of revenue in the current year.
[3] For fiscal 2022, amortization of intangible assets, fair value step-up on film and television costs and intangibles related to TFCF equity investees were $1,707 million, $634 million and $12 million, respectively. For fiscal 2021, amortization of intangible assets, fair value step-up on film and television costs and intangibles related to TFCF equity investees were $1,757 million, $646 million and $15 million, respectively. For fiscal 2020, amortization of intangible assets, fair value step-up on film and television costs and intangibles related to TFCF equity investees were $1,921 million, $899 million and $26 million, respectively.
v3.22.2.2
Reconciliation of Segment Operating Income to Income Before Income Taxes Footnote (Details) - USD ($)
$ in Millions
 12 Months Ended
Oct. 01, 2022
Oct. 02, 2021
Oct. 03, 2020
Amortization of Intangible Assets $ 1,980 $ 2,043 $ 2,205
Amortization of Intangible Assets Held by Equity Investees (12) (15) (26)
TFCF and Hulu      
Amortization of Intangible Assets 1,707 1,757 1,921
Amortization 634 646 899
Amortization of Intangible Assets Held by Equity Investees $ 12 $ 15 $ 26
v3.22.2.2
Capital Expenditures, Depreciation and Amortization by Segment (Details) - USD ($)
$ in Millions
 12 Months Ended
Oct. 01, 2022
Oct. 02, 2021
Oct. 03, 2020
Capital expenditures $ 4,943 $ 3,578 $ 4,022
Depreciation expense 3,183 3,068 3,140
Amortization of Intangible Assets 1,980 2,043 2,205
Disney Media and Entertainment Distribution      
Capital expenditures 810 862 783
Depreciation expense 650 613 638
Amortization of Intangible Assets 164 178 175
Disney Parks, Experiences and Products      
Amortization of Intangible Assets 109 108 109
Disney Parks, Experiences and Products | Domestic      
Capital expenditures 2,680 1,597 2,145
Depreciation expense 1,680 1,551 1,634
Disney Parks, Experiences and Products | International      
Capital expenditures 767 675 759
Depreciation expense 662 718 694
Total Segments      
Depreciation expense 2,342 2,269 2,328
Amortization of Intangible Assets 273 286 284
TFCF and Hulu      
Amortization of Intangible Assets 1,707 1,757 1,921
Corporate      
Capital expenditures 686 444 335
Depreciation expense $ 191 $ 186 $ 174
v3.22.2.2
Identifiable Assets by Segment (Details) - USD ($)
$ in Millions
Oct. 01, 2022
Oct. 02, 2021
Identifiable assets [1] $ 203,631 $ 203,609
Disney Media and Entertainment Distribution    
Identifiable assets [1] 148,129 144,675
Disney Parks, Experiences and Products    
Identifiable assets [1] 43,027 41,763
Corporate    
Identifiable assets [1] $ 12,475 $ 17,171
[1] Equity method investments included in identifiable assets by segment are as follows:
October 1, 2022October 2, 2021
Disney Media and Entertainment Distribution$2,633  $2,578  
Disney Parks, Experiences and Products2  2  
Corporate43  58  
$2,678  $2,638  
Intangible assets, which include character/franchise intangibles, copyrights, trademarks, MVPD agreements and FCC licenses (see Note 13), included in identifiable assets by segment are as follows:
October 1, 2022October 2, 2021
Disney Media and Entertainment Distribution$11,981  $14,143  
Disney Parks, Experiences and Products2,836  2,952  
Corporate20  20  
$14,837  $17,115  
v3.22.2.2
Equity Method Investment and Intangible Assets Included in Identifiable Assets by Segment Footnote (Details) - USD ($)
$ in Millions
Oct. 01, 2022
Oct. 02, 2021
Schedule of Equity Method Investments [Line Items]    
Equity Method Investments $ 2,678 $ 2,638
Goodwill and intangible assets 14,837 17,115
Disney Media and Entertainment Distribution    
Schedule of Equity Method Investments [Line Items]    
Equity Method Investments 2,633 2,578
Goodwill and intangible assets 11,981 14,143
Disney Parks, Experiences and Products    
Schedule of Equity Method Investments [Line Items]    
Equity Method Investments 2 2
Goodwill and intangible assets 2,836 2,952
Corporate    
Schedule of Equity Method Investments [Line Items]    
Equity Method Investments 43 58
Goodwill and intangible assets $ 20 $ 20
v3.22.2.2
Revenues and Segment Operating Income by Geographical Markets (Details) - USD ($)
$ in Millions
 12 Months Ended
Oct. 01, 2022
Oct. 02, 2021
Oct. 03, 2020
Segment Reporting Information [Line Items]      
Revenues $ 82,722 $ 67,418 $ 65,388
Content License Early Termination (1,023) [1] 0 0
Segment Operating Income [2] 12,121 7,766 8,108
Total Segments      
Segment Reporting Information [Line Items]      
Revenues 83,745 67,418 65,388
Americas      
Segment Reporting Information [Line Items]      
Revenues 68,218 54,157 51,992
Segment Operating Income 11,099 6,314 5,819
Americas | Total Segments      
Segment Reporting Information [Line Items]      
Revenues 68,218    
Europe      
Segment Reporting Information [Line Items]      
Revenues 8,680 6,690 7,333
Segment Operating Income 586 800 1,273
Europe | Total Segments      
Segment Reporting Information [Line Items]      
Revenues 8,680    
Asia Pacific      
Segment Reporting Information [Line Items]      
Revenues 6,847 6,571 6,063
Segment Operating Income 436 $ 652 $ 1,016
Asia Pacific | Total Segments      
Segment Reporting Information [Line Items]      
Revenues $ 6,847    
[1] In fiscal 2022, the Company recognized a reduction in revenue for amounts to early terminate certain license agreements with a customer for film and television content, which was delivered in previous years, in order for the Company to use the content primarily on our direct-to-consumer services (Content License Early Termination). Because the content is functional IP, we recognized substantially all of the consideration to be paid by the customer under the licenses as revenue in prior years when the content was made available under the agreements. Consequently, we have recorded the amounts to terminate the license agreements, net of remaining amounts of deferred revenue, as a reduction of revenue in the current year.
[2] Equity in the income of investees is included in segment operating income as follows:
202220212020
Disney Media and Entertainment Distribution$838  $795  $696  
Disney Parks, Experiences and Products(10) (19) (19) 
Equity in the income of investees included in segment operating income828  776  677  
Amortization of TFCF intangible assets related to equity investees
(12) (15) (26) 
Equity in the income of investees$816  $761  $651  
v3.22.2.2
Long-lived Assets by Geographical Markets (Details) - USD ($)
$ in Millions
Oct. 01, 2022
Oct. 02, 2021
Segment Reporting Information [Line Items]    
Long-lived assets $ 170,501 $ 165,015
Americas    
Segment Reporting Information [Line Items]    
Long-lived assets [1] 150,786 144,788
Europe    
Segment Reporting Information [Line Items]    
Long-lived assets [1] 8,739 8,215
Asia Pacific    
Segment Reporting Information [Line Items]    
Long-lived assets [1] $ 10,976 $ 12,012
[1] Long-lived assets are total assets less: current assets, long-term receivables, deferred taxes, financial investments and the fair value of derivative instruments.
v3.22.2.2
Acquisitions Changes in Carry Amount of Goodwill (Details) - USD ($)
$ in Millions
 12 Months Ended
Oct. 01, 2022
Oct. 02, 2021
Goodwill [Roll Forward]    
Beginning balance $ 78,071 $ 77,689
Currency translation adjustments and other, net (174) 382
Ending balance 77,897 78,071
Disney Media and Entertainment Distribution    
Goodwill [Roll Forward]    
Beginning balance 72,521 72,139
Currency translation adjustments and other, net (174) 382
Ending balance 72,347 72,521
Disney Parks, Experiences and Products    
Goodwill [Roll Forward]    
Beginning balance 5,550 5,550
Currency translation adjustments and other, net 0 0
Ending balance $ 5,550 $ 5,550
v3.22.2.2
Description of Business and Segment Information - Additional Information (Detail) - USD ($)
$ in Millions
 12 Months Ended
Oct. 01, 2022
Oct. 02, 2021
Oct. 03, 2020
Segment Reporting Information [Line Items]      
Goodwill and intangible asset impairments $ 0 $ 0 $ 4,953
ESPN      
Segment Reporting Information [Line Items]      
Effective ownership interest 80.00%    
National Geographic      
Segment Reporting Information [Line Items]      
Effective ownership interest 73.00%    
ESPN+      
Segment Reporting Information [Line Items]      
Effective ownership interest 68.00%    
Hong Kong Disneyland Resort      
Segment Reporting Information [Line Items]      
Effective ownership interest 48.00%    
Shanghai Disney Resort      
Segment Reporting Information [Line Items]      
Effective ownership interest 43.00%    
International Channels      
Segment Reporting Information [Line Items]      
Goodwill and intangible asset impairments     $ 5,000
A&E      
Segment Reporting Information [Line Items]      
Equity Method Investment, Ownership Interest 50.00%    
Tata Play Limited      
Segment Reporting Information [Line Items]      
Equity Method Investment, Ownership Interest 30.00%    
v3.22.2.2
Summary of Significant Accounting Policies - Reconciliation of Cash, Cash Equivalents and Restricted Cash Reported in the Consolidated Balance Sheet that sum to the Total Amount in the Statement of Cash Flow (Details) - USD ($)
$ in Millions
Oct. 01, 2022
Oct. 02, 2021
Oct. 03, 2020
Sep. 28, 2019
Accounting Policies [Abstract]        
Cash and cash equivalents $ 11,615 $ 15,959 $ 17,914  
Restricted Cash and Investments, Current 3 3 3  
Restricted Cash and Investments, Noncurrent 43 41 37  
Cash, cash equivalents and restricted cash $ 11,661 $ 16,003 $ 17,954 $ 5,455
v3.22.2.2
Summary of Significant Accounting Policies - Depreciation Computed on Straight-Line Method Over Estimated Useful Lives (Detail)
 12 Months Ended
Oct. 01, 2022
Attractions, Buildings and Improvements | Minimum  
Property, Plant and Equipment [Line Items]  
Property, Plant and Equipment, Useful Life 20 years
Attractions, Buildings and Improvements | Maximum  
Property, Plant and Equipment [Line Items]  
Property, Plant and Equipment, Useful Life 40 years
Furniture, fixtures and equipment | Minimum  
Property, Plant and Equipment [Line Items]  
Property, Plant and Equipment, Useful Life 3 years
Furniture, fixtures and equipment | Maximum  
Property, Plant and Equipment [Line Items]  
Property, Plant and Equipment, Useful Life 25 years
Land Improvements | Minimum  
Property, Plant and Equipment [Line Items]  
Property, Plant and Equipment, Useful Life 20 years
Land Improvements | Maximum  
Property, Plant and Equipment [Line Items]  
Property, Plant and Equipment, Useful Life 40 years
Leasehold Improvements  
Property, Plant and Equipment [Line Items]  
Property, Plant and Equipment, Estimated Useful Lives Life of lease or asset life if less
v3.22.2.2
Summary of Significant Accounting Policies - Expected Aggregate Annual Amortization Expense for Existing Amortizable Intangible Assets (Detail)
$ in Millions
Oct. 01, 2022
USD ($)
Accounting Policies [Abstract]  
2023 $ 1,808
2024 1,570
2025 1,459
2026 966
2027 $ 888
v3.22.2.2
Summary of Significant Accounting Policies - Reconciliation of Weighted Average Number of Common and Common Equivalent Shares Outstanding and Number of Awards Excluded from Diluted Earnings Per Share (Detail) - shares
shares in Millions
 12 Months Ended
Oct. 01, 2022
Oct. 02, 2021
Oct. 03, 2020
Earnings Per Share [Abstract]      
Weighted Average Number of Shares Outstanding, Basic 1,822 1,816 1,808
Weighted average dilutive impact of Awards 5 12 0 [1]
Weighted Average Number of Shares Outstanding, Diluted 1,827 1,828 1,808
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount 15 4 35
[1] Amounts exclude all potential common and common equivalent shares for periods when there is a net loss from continuing operations.
v3.22.2.2
Summary of Significant Accounting Policies - Additional Information (Detail)
$ in Millions
 12 Months Ended
Oct. 01, 2022
USD ($)
derivatives
Oct. 02, 2021
USD ($)
Oct. 03, 2020
USD ($)
Nov. 30, 2022
USD ($)
May 13, 2019
USD ($)
Sep. 25, 2017
USD ($)
Indefinite-lived Intangible Assets [Line Items]            
Advertising expense $ 7,200 $ 5,500 $ 4,700      
Amortization of Film Library Maximum Period 20 years          
Internal-Use software costs capitalized, net of accumulated depreciation $ 1,100 1,200        
Impairment of Intangible Assets (Excluding Goodwill) $ 200 300 5,200      
Number of Types of Derivatives | derivatives 2          
Redeemable noncontrolling interest $ 9,499 $ 9,213        
International Channels            
Indefinite-lived Intangible Assets [Line Items]            
Goodwill, Impairment Loss     3,100      
Distribution Rights | International Channels            
Indefinite-lived Intangible Assets [Line Items]            
Impairment of Intangible Assets (Excluding Goodwill)     $ 1,900      
Hulu LLC            
Indefinite-lived Intangible Assets [Line Items]            
Equity Method Investment, Ownership Interest 67.00%          
BAMTech, LLC            
Indefinite-lived Intangible Assets [Line Items]            
Equity Method Investment, Ownership Interest 85.00%          
Equity Interest Held by NBC Universal | Hulu LLC            
Indefinite-lived Intangible Assets [Line Items]            
Equity Method Investment, Ownership Interest 33.00%          
MLB | BAMTech, LLC            
Indefinite-lived Intangible Assets [Line Items]            
Equity Method Investment, Ownership Interest 15.00%          
Redeemable Noncontrolling Interest, Equity, Redemption Value $ 828          
MLB | BAMTech, LLC | Subsequent Event            
Indefinite-lived Intangible Assets [Line Items]            
Redeemable Noncontrolling Interest, Equity, Redemption Value       $ 900    
Minimum            
Indefinite-lived Intangible Assets [Line Items]            
Amortizable intangible assets, maximum amortization period 40 years          
Minimum | Equity Interest Held by NBC Universal | Hulu LLC            
Indefinite-lived Intangible Assets [Line Items]            
Redeemable Noncontrolling Interest, Equity, Redemption Value         $ 27,500  
Redeemable noncontrolling interest $ 8,700          
Minimum | MLB | BAMTech, LLC            
Indefinite-lived Intangible Assets [Line Items]            
Redeemable Noncontrolling Interest, Equity, Redemption Value           $ 563
Preferred Stock Return on NCI, Accretion Percentage           8.00%
Attractions, Buildings and Improvements | Minimum            
Indefinite-lived Intangible Assets [Line Items]            
Property, Plant and Equipment, Useful Life 20 years          
Attractions, Buildings and Improvements | Maximum            
Indefinite-lived Intangible Assets [Line Items]            
Property, Plant and Equipment, Useful Life 40 years          
Software and Software Development Costs | Maximum            
Indefinite-lived Intangible Assets [Line Items]            
Property, Plant and Equipment, Useful Life 7 years          
v3.22.2.2
Revenues Disaggregation of Revenue by Major Source (Details) - USD ($)
$ in Millions
 12 Months Ended
Oct. 01, 2022
Oct. 02, 2021
Oct. 03, 2020
Disaggregation of Revenue [Line Items]      
Revenues $ 82,722 $ 67,418 $ 65,388
Content License Early Termination (1,023) [1] 0 0
Affiliate fees      
Disaggregation of Revenue [Line Items]      
Revenues 17,525 17,760 17,929
Subscription fees      
Disaggregation of Revenue [Line Items]      
Revenues 15,291 12,020 7,645
Advertising      
Disaggregation of Revenue [Line Items]      
Revenues 13,048 12,429 10,855
Theme park admissions      
Disaggregation of Revenue [Line Items]      
Revenues 8,602 3,848 4,038
Resort and vacations      
Disaggregation of Revenue [Line Items]      
Revenues 6,410 2,701 3,402
Retail and wholesale sales of merchandise, food and beverage      
Disaggregation of Revenue [Line Items]      
Revenues 7,838 4,957 4,952
Merchandise licensing      
Disaggregation of Revenue [Line Items]      
Revenues 3,969 3,598 3,242
TV/SVOD distribution licensing      
Disaggregation of Revenue [Line Items]      
Revenues 3,429 5,266 6,253
Content License Early Termination (1,023)    
Theatrical distribution licensing      
Disaggregation of Revenue [Line Items]      
Revenues 1,875 920 2,134
Home entertainment      
Disaggregation of Revenue [Line Items]      
Revenues 820 1,014 1,802
Other      
Disaggregation of Revenue [Line Items]      
Revenues 3,915 2,905 3,136
Disney Media and Entertainment Distribution      
Disaggregation of Revenue [Line Items]      
Revenues 55,040 50,866 48,350
Disney Media and Entertainment Distribution | Affiliate fees      
Disaggregation of Revenue [Line Items]      
Revenues 17,525 17,760 17,929
Disney Media and Entertainment Distribution | Subscription fees      
Disaggregation of Revenue [Line Items]      
Revenues 15,291 12,020 7,645
Disney Media and Entertainment Distribution | Advertising      
Disaggregation of Revenue [Line Items]      
Revenues 13,044 12,425 10,851
Disney Media and Entertainment Distribution | Merchandise licensing      
Disaggregation of Revenue [Line Items]      
Revenues 0 12 32
Disney Media and Entertainment Distribution | TV/SVOD distribution licensing      
Disaggregation of Revenue [Line Items]      
Revenues 4,452 5,266 6,253
Disney Media and Entertainment Distribution | Theatrical distribution licensing      
Disaggregation of Revenue [Line Items]      
Revenues 1,875 920 2,134
Disney Media and Entertainment Distribution | Home entertainment      
Disaggregation of Revenue [Line Items]      
Revenues 820 1,014 1,802
Disney Media and Entertainment Distribution | Other      
Disaggregation of Revenue [Line Items]      
Revenues 2,033 1,449 1,704
Disney Parks, Experiences and Products      
Disaggregation of Revenue [Line Items]      
Revenues 28,705 16,552 17,038
Disney Parks, Experiences and Products | Advertising      
Disaggregation of Revenue [Line Items]      
Revenues 4 4 4
Disney Parks, Experiences and Products | Theme park admissions      
Disaggregation of Revenue [Line Items]      
Revenues 8,602 3,848 4,038
Disney Parks, Experiences and Products | Resort and vacations      
Disaggregation of Revenue [Line Items]      
Revenues 6,410 2,701 3,402
Disney Parks, Experiences and Products | Retail and wholesale sales of merchandise, food and beverage      
Disaggregation of Revenue [Line Items]      
Revenues 7,838 4,957 4,952
Disney Parks, Experiences and Products | Merchandise licensing      
Disaggregation of Revenue [Line Items]      
Revenues 3,969 3,586 3,210
Disney Parks, Experiences and Products | Other      
Disaggregation of Revenue [Line Items]      
Revenues $ 1,882 $ 1,456 $ 1,432
[1] In fiscal 2022, the Company recognized a reduction in revenue for amounts to early terminate certain license agreements with a customer for film and television content, which was delivered in previous years, in order for the Company to use the content primarily on our direct-to-consumer services (Content License Early Termination). Because the content is functional IP, we recognized substantially all of the consideration to be paid by the customer under the licenses as revenue in prior years when the content was made available under the agreements. Consequently, we have recorded the amounts to terminate the license agreements, net of remaining amounts of deferred revenue, as a reduction of revenue in the current year.
v3.22.2.2
Revenues Disaggregation of Revenue by Geographical Markets (Details) - USD ($)
$ in Millions
 12 Months Ended
Oct. 01, 2022
Oct. 02, 2021
Oct. 03, 2020
Disaggregation of Revenue [Line Items]      
Revenues $ 82,722 $ 67,418 $ 65,388
Content License Early Termination (1,023) [1] 0 0
Americas      
Disaggregation of Revenue [Line Items]      
Revenues 68,218 54,157 51,992
Europe      
Disaggregation of Revenue [Line Items]      
Revenues 8,680 6,690 7,333
Asia Pacific      
Disaggregation of Revenue [Line Items]      
Revenues 6,847 6,571 6,063
Disney Media and Entertainment Distribution      
Disaggregation of Revenue [Line Items]      
Revenues 55,040 50,866 48,350
Disney Media and Entertainment Distribution | Americas      
Disaggregation of Revenue [Line Items]      
Revenues 45,018 41,754 39,163
Disney Media and Entertainment Distribution | Europe      
Disaggregation of Revenue [Line Items]      
Revenues 5,328 5,022 5,240
Disney Media and Entertainment Distribution | Asia Pacific      
Disaggregation of Revenue [Line Items]      
Revenues 4,694 4,090 3,947
Disney Parks, Experiences and Products      
Disaggregation of Revenue [Line Items]      
Revenues 28,705 16,552 17,038
Disney Parks, Experiences and Products | Americas      
Disaggregation of Revenue [Line Items]      
Revenues 23,200 12,403 12,829
Disney Parks, Experiences and Products | Europe      
Disaggregation of Revenue [Line Items]      
Revenues 3,352 1,668 2,093
Disney Parks, Experiences and Products | Asia Pacific      
Disaggregation of Revenue [Line Items]      
Revenues 2,153 2,481 2,116
Total Segments      
Disaggregation of Revenue [Line Items]      
Revenues 83,745 $ 67,418 $ 65,388
Total Segments | Americas      
Disaggregation of Revenue [Line Items]      
Revenues 68,218    
Total Segments | Europe      
Disaggregation of Revenue [Line Items]      
Revenues 8,680    
Total Segments | Asia Pacific      
Disaggregation of Revenue [Line Items]      
Revenues $ 6,847    
[1] In fiscal 2022, the Company recognized a reduction in revenue for amounts to early terminate certain license agreements with a customer for film and television content, which was delivered in previous years, in order for the Company to use the content primarily on our direct-to-consumer services (Content License Early Termination). Because the content is functional IP, we recognized substantially all of the consideration to be paid by the customer under the licenses as revenue in prior years when the content was made available under the agreements. Consequently, we have recorded the amounts to terminate the license agreements, net of remaining amounts of deferred revenue, as a reduction of revenue in the current year.
v3.22.2.2
Revenues Contract with Customer, Asset and Liability (Details) - USD ($)
$ in Millions
Oct. 01, 2022
Oct. 02, 2021
Contract Assets $ 32 $ 155
Accounts Receivable, Gross, Current 10,811 11,177
Allowance for credit losses (179) (194)
Deferred Revenue, Current 5,531 4,067
Deferred Revenue, Noncurrent 927 581
Contract With Customer    
Accounts Receivable, Gross, Current 10,886 11,190
Accounts Receivable, Gross, Noncurrent $ 1,226 $ 1,359
v3.22.2.2
Revenues - Additional Information (Details) - USD ($)
$ in Millions
 12 Months Ended
Oct. 01, 2022
Oct. 02, 2021
Oct. 03, 2020
Contract with Customer, Performance Obligation Satisfied in Previous Period $ 1,100 $ 1,300 $ 1,400
Revenue, Remaining Performance Obligation, Amount 15,000    
Contract with Customer, Liability, Revenue Recognized 3,600 2,900 $ 3,400
Theme Park Admission and Vacation Packages      
Deferred revenue and other 1,500    
Broadcast programming      
Long-Term Receivables, net of allowance for credit losses 600 800  
Mortgage Receivable      
Long-Term Receivables, net of allowance for credit losses 600 $ 600  
Scenario, Unsatisfied performance obligation recognized in fiscal 2023      
Revenue, Remaining Performance Obligation, Amount 6,000    
Scenario, Unsatisfied performance obligation recognized in fiscal 2024      
Revenue, Remaining Performance Obligation, Amount 4,000    
Scenario, Unsatisfied performance obligation recognized in fiscal 2025      
Revenue, Remaining Performance Obligation, Amount 2,000    
Scenario, Unsatisfied performance obligation recognized thereafter      
Revenue, Remaining Performance Obligation, Amount $ 3,000    
v3.22.2.2
Other Income (Expense), Net (Detail) - USD ($)
$ in Millions
 12 Months Ended
Oct. 01, 2022
Oct. 02, 2021
Oct. 03, 2020
Schedule of Other Income and Expense [Line Items]      
Gain on Sale of Investments $ (714) $ 332 $ 920
Other, net (4) 0 0
Other income (expense), net (667) 201 1,038
DraftKings      
Schedule of Other Income and Expense [Line Items]      
DraftKings Gain (Loss) (663) (111) 973
fuboTV      
Schedule of Other Income and Expense [Line Items]      
Gain on Sale of Investments 0 186 0
German FTA      
Schedule of Other Income and Expense [Line Items]      
Gain on sale of equity investment investment 0 126 0
Endemol Shine Group      
Schedule of Other Income and Expense [Line Items]      
Gain on sale of equity investment investment $ 0 $ 0 $ 65
v3.22.2.2
Other Income, Net - Additional Information (Details)
Oct. 02, 2021
Oct. 03, 2020
German FTA    
Equity Method Investment, Ownership Interest 50.00%  
Endemol Shine Group    
Equity Method Investment, Ownership Interest   50.00%
v3.22.2.2
Investments (Detail) - USD ($)
$ in Millions
Oct. 01, 2022
Oct. 02, 2021
Investments [Abstract]    
Investments, equity basis $ 2,678 $ 2,638
Investments, other 540 1,297
Investments $ 3,218 $ 3,935
v3.22.2.2
Investments - Additional Information (Detail) - USD ($)
$ in Millions
Oct. 01, 2022
Oct. 02, 2021
Schedule of Equity Method Investments [Line Items]    
Excess book value of equity method investments representing intangible assets and goodwill $ 800  
Equity Securities Recorded at Fair Value 300 $ 1,000
Equity Securities without Readily Determinable Fair Value, Amount $ 200 $ 300
A&E    
Schedule of Equity Method Investments [Line Items]    
Equity Method Investment, Ownership Interest 50.00%  
CTV Specialty Television, Inc.    
Schedule of Equity Method Investments [Line Items]    
Equity Method Investment, Ownership Interest 30.00%  
Tata Play Limited    
Schedule of Equity Method Investments [Line Items]    
Equity Method Investment, Ownership Interest 30.00%  
v3.22.2.2
International Theme Parks Impact of Consolidating Balance Sheets of International Theme Parks (Detail) - USD ($)
$ in Millions
Oct. 01, 2022
Oct. 02, 2021
Oct. 03, 2020
Schedule of Condensed Consolidating Balance Sheets [Line Items]      
Cash and cash equivalents $ 11,615 $ 15,959 $ 17,914
Other current assets 1,199 817  
Total current assets 29,098 33,657  
Parks, resorts and other property 33,596 32,624  
Other assets 9,208 8,658  
Total assets [1] 203,631 203,609  
Current liabilities 29,073 31,077  
Borrowings 45,299 48,540  
International Theme Parks      
Schedule of Condensed Consolidating Balance Sheets [Line Items]      
Cash and cash equivalents 280 287  
Other current assets 137 95  
Total current assets 417 382  
Parks, resorts and other property 6,356 6,928  
Other assets 161 176  
Total assets 6,934 7,486  
Current liabilities 468 473  
Borrowings 1,426 1,331  
Other long-term liabilities 395 422  
Total liabilities $ 2,289 $ 2,226  
[1] Equity method investments included in identifiable assets by segment are as follows:
October 1, 2022October 2, 2021
Disney Media and Entertainment Distribution$2,633  $2,578  
Disney Parks, Experiences and Products2  2  
Corporate43  58  
$2,678  $2,638  
Intangible assets, which include character/franchise intangibles, copyrights, trademarks, MVPD agreements and FCC licenses (see Note 13), included in identifiable assets by segment are as follows:
October 1, 2022October 2, 2021
Disney Media and Entertainment Distribution$11,981  $14,143  
Disney Parks, Experiences and Products2,836  2,952  
Corporate20  20  
$14,837  $17,115  
v3.22.2.2
International Theme Parks Impact of Consolidating Income Statements of International Theme Parks (Detail) - USD ($)
$ in Millions
 12 Months Ended
Oct. 01, 2022
Oct. 02, 2021
Oct. 03, 2020
Schedule of Condensed Consolidating Statement of Operations [Line Items]      
Revenues $ 82,722 $ 67,418 $ 65,388
Costs and expenses (75,952) (63,759) (61,594)
Equity in the loss of investees 816 $ 761 $ 651
International Theme Parks      
Schedule of Condensed Consolidating Statement of Operations [Line Items]      
Revenues 3,026    
Costs and expenses (3,459)    
Equity in the loss of investees $ (10)    
v3.22.2.2
International Theme Parks - Additional Information (Detail)
¥ in Millions, $ in Millions, $ in Millions
 2 Months Ended 10 Months Ended 12 Months Ended
Oct. 01, 2022
USD ($)
Oct. 01, 2022
CNY (¥)
Jul. 27, 2022
USD ($)
Jul. 27, 2022
CNY (¥)
Oct. 01, 2022
USD ($)
Oct. 01, 2022
HKD ($)
Oct. 01, 2022
CNY (¥)
Oct. 02, 2021
USD ($)
Oct. 01, 2022
CNY (¥)
Hong Kong Disneyland Resort                  
Noncontrolling Interest [Line Items]                  
Effective ownership interest 48.00%       48.00%       48.00%
Effective ownership interest by noncontrolling owners 52.00%       52.00%       52.00%
Shanghai Disney Resort                  
Noncontrolling Interest [Line Items]                  
Effective ownership interest 43.00%       43.00%       43.00%
Effective ownership interest by noncontrolling owners 57.00%       57.00%       57.00%
Shanghai Disney Resort Management Company                  
Noncontrolling Interest [Line Items]                  
Effective ownership interest 70.00%       70.00%       70.00%
Effective ownership interest by noncontrolling owners 30.00%       30.00%       30.00%
Asia International Theme Parks                  
Noncontrolling Interest [Line Items]                  
Royalties And Management Fees         $ 71        
International Theme Parks                  
Noncontrolling Interest [Line Items]                  
Net Cash Used in Operating Activities         407        
Net Cash Used in Investing Activities         752        
Net Cash Used in Financing Activities         $ 240        
Hong Kong Disneyland Resort | Maximum                  
Noncontrolling Interest [Line Items]                  
Noncontrolling Interest, Incremental Ownership Percentage by Noncontrolling Interest Upon Achieving Performance Targets 6.00%       6.00%       6.00%
Noncontrolling Interest, Ownership Percentage Parent Dilution Period         10 years 10 years 10 years    
Hong Kong Disneyland Resort | Loans                  
Noncontrolling Interest [Line Items]                  
Variable Interest Entity, Financial or Other Support, Amount         $ 152        
Variable Interest Entity, Financial or Other Support, Amount from Noncontrolling Interests         $ 102 $ 800      
Debt, maturity date         Sep. 30, 2025 Sep. 30, 2025 Sep. 30, 2025    
Hong Kong Disneyland Resort | Loans | HIBOR                  
Noncontrolling Interest [Line Items]                  
Debt Instrument, Basis Spread on Variable Rate         2.00% 2.00% 2.00%    
Hong Kong Disneyland Resort | Line of Credit                  
Noncontrolling Interest [Line Items]                  
Variable Interest Entity, Financial or Other Support, Amount from Noncontrolling Interests         $ 268 $ 2,100      
Variable Interest Entity, Financial or Other Support, Amount, Outstanding $ 231       $ 231        
Debt, maturity date         Dec. 31, 2023 Dec. 31, 2023 Dec. 31, 2023    
Hong Kong Disneyland Resort | Line of Credit | HIBOR                  
Noncontrolling Interest [Line Items]                  
Debt Instrument, Basis Spread on Variable Rate         1.25% 1.25% 1.25%    
Hong Kong Disneyland Resort | Equity Securities                  
Noncontrolling Interest [Line Items]                  
Variable Interest Entity, Financial or Other Support, Amount         $ 148     $ 42  
Hong Kong Disneyland Resort | Equity Securities | Cumulative Contributions By All Parties                  
Noncontrolling Interest [Line Items]                  
Variable Interest Entity, Financial or Other Support, Amount         $ 716        
Hong Kong Disneyland Resort | Scenario, Plan | Maximum                  
Noncontrolling Interest [Line Items]                  
Noncontrolling Interest, Incremental Ownership Percentage by Noncontrolling Interest Upon Achieving Performance Targets 5.00%       5.00%       5.00%
Hong Kong Disneyland Resort | Scenario, Plan | Loans                  
Noncontrolling Interest [Line Items]                  
Debt, maturity date         Sep. 30, 2025 Sep. 30, 2025 Sep. 30, 2025    
Hong Kong Disneyland Resort | Scenario, Plan | Equity Securities                  
Noncontrolling Interest [Line Items]                  
Variable Interest Entity, Financial or Other Support, Amount         $ 1,400 $ 10,900      
Shanghai Disney Resort | Line of Credit                  
Noncontrolling Interest [Line Items]                  
Borrowings, Stated Interest Rate 8.00%       8.00%       8.00%
Shanghai Disney Resort | Loans                  
Noncontrolling Interest [Line Items]                  
Variable Interest Entity, Financial or Other Support, Amount         $ 930        
Debt, maturity date         Dec. 31, 2036 Dec. 31, 2036 Dec. 31, 2036    
Shanghai Disney Resort | Loans | Maximum                  
Noncontrolling Interest [Line Items]                  
Borrowings, Stated Interest Rate 8.00%       8.00%       8.00%
Shanghai Disney Resort | Line of Credit                  
Noncontrolling Interest [Line Items]                  
Variable Interest Entity, Financial or Other Support, Amount         $ 300   ¥ 1,900    
Variable Interest Entity, Financial or Other Support, Amount from Noncontrolling Interests     $ 400 ¥ 2,600 400   2,600    
Variable Interest Entity, Financial or Other Support, Amount, Outstanding $ 123       $ 123       ¥ 900
Borrowings, Stated Interest Rate 8.00%       8.00%       8.00%
Variable Interest Entity, Financial or Other Support, Amount from Noncontrolling Interests, Outstanding $ 162 ¥ 1,200              
Shanghai Disney Resort | Shendi Loan                  
Noncontrolling Interest [Line Items]                  
Variable Interest Entity, Financial or Other Support, Amount from Noncontrolling Interests         $ 1,200   ¥ 8,300    
Debt, maturity date         Dec. 31, 2036 Dec. 31, 2036 Dec. 31, 2036    
Shanghai Disney Resort | Shendi Loan | Maximum                  
Noncontrolling Interest [Line Items]                  
Borrowings, Stated Interest Rate 8.00%       8.00%       8.00%
Disneyland Paris                  
Noncontrolling Interest [Line Items]                  
Subsidiary or Equity Method Investee, Cumulative Percentage Ownership after All Transactions         100.00% 100.00% 100.00%    
v3.22.2.2
Balances of Produced and Licensed Content Costs (Detail) - USD ($)
$ in Millions
Oct. 01, 2022
Oct. 02, 2021
Film, Monetized on Its Own, Capitalized Cost [Abstract]    
Released, less amortization $ 4,639 $ 4,944
Completed, not released 214 630
In-process 5,041 4,371
In development or pre-production 372 351
Film, Monetized on Its Own, Capitalized Cost 10,266 10,296
Film, Monetized in Film Group, Capitalized Cost [Abstract]    
Released, less amortization 12,688 9,779
Completed, not released 2,019 762
In-process 6,793 4,623
In development or pre-production 254 162
Film, Monetized in Film Group, Capitalized Cost 21,754 15,326
Film, Capitalized Cost [Abstract]    
Released, less amortization 17,327 14,723
Completed, not released 2,233 1,392
In-process 11,834 8,994
In development or pre-production 626 513
Film, Capitalized Cost 32,020 25,622
Licensed television programming rights and advances 5,647 6,110
Produced and Licensed Content, Total 37,667 31,732
Current portion 1,890 2,183
Non-current portion $ 35,777 $ 29,549
v3.22.2.2
Amortization of Produced and Licensed Content Costs (Details) - USD ($)
$ in Millions
 12 Months Ended
Oct. 01, 2022
Oct. 02, 2021
Oct. 03, 2020
Amortization of Produced Content Costs $ 10,224 $ 8,175 $ 9,337
Amortization of Licensed Television and Programming Rights 13,432 12,784 11,241
Amortization of Produced and Licensed Content Costs, Total [1] 23,656 20,959 20,578
Monetized Individually      
Amortization of Produced Content Costs 3,448 2,947 4,305
Monetized as a Group      
Amortization of Produced Content Costs $ 6,776 $ 5,228 $ 5,032
[1] Primarily included in “Costs of services” in the Consolidated Statements of Operations.
v3.22.2.2
Expected Amortization of Produced and Licensed Content (Details)
$ in Millions
Oct. 01, 2022
USD ($)
Produced Content, Expected Amortization [Abstract]  
2023 $ 4,064
2024 2,676
2025 2,160
2023 869
Licensed Content [Abstract]  
2023 3,228
2024 1,069
2025 534
Monetized Individually  
Produced Content, Monetized On Its Own, Expected Amortization [Abstract]  
2023 1,158
2024 674
2025 524
2023 91
Monetized as a Group  
Produced Content, Monetized In Film Group, Expected Amortization [Abstract]  
2023 2,906
2024 2,002
2025 1,636
2023 $ 778
v3.22.2.2
Produced and Acquired/Licensed Content Costs and Advances - Additional Information (Detail)
$ in Millions
 12 Months Ended
Oct. 01, 2022
USD ($)
Accrued Participation Liabilities, Due in Next Operating Cycle $ 2,200
Unamortized Acquired Film And Television Libraries $ 3,300
Weighted Average Remaining Amortization Period 16 years
v3.22.2.2
Borrowings including the impact of Interest Rate and Cross-Currency Swaps (Detail) - USD ($)
$ in Millions
 12 Months Ended
Oct. 01, 2022
Oct. 02, 2021
Debt Instrument [Line Items]    
Borrowings $ 48,369 $ 54,406
Less current portion 3,070 5,866
Total long-term borrowings 45,299 48,540
Interest rate and Cross-Currency Swaps, Pay Floating Interest Rate [1] 14,472  
Unamortized Loan Commitment and Origination Fees and Unamortized Discounts or Premiums 1,900 2,100
Qualifying hedges, market value adjustments for debt 1,700 100
Before International Theme Park Consolidation    
Debt Instrument [Line Items]    
Borrowings $ 46,944 53,075
Borrowings, Stated Interest Rate [2] 3.85%  
Interest rate and Cross-Currency Swaps, Pay Floating Interest Rate [1] $ 14,472  
Borrowings, Effective Interest Rate [3] 4.02%  
Commercial Paper    
Debt Instrument [Line Items]    
Borrowings $ 1,662 1,992
Borrowings, Stated Interest Rate [2] 0.00%  
Interest rate and Cross-Currency Swaps, Pay Floating Interest Rate [1] $ 0  
Borrowings, Effective Interest Rate [3] 3.31%  
U.S. Dollar Denominated Notes    
Debt Instrument [Line Items]    
Borrowings [4] $ 45,091 49,090
Borrowings, Stated Interest Rate [2] 4.03%  
Interest rate and Cross-Currency Swaps, Pay Floating Interest Rate [1] $ 12,625  
Borrowings, Effective Interest Rate [3] 4.07%  
U.S. Dollar Denominated Notes | Minimum    
Debt Instrument [Line Items]    
Borrowings, Stated Interest Rate 1.75%  
Swap Maturity Year Dec. 31, 2023  
U.S. Dollar Denominated Notes | Maximum    
Debt Instrument [Line Items]    
Borrowings, Stated Interest Rate 9.50%  
Swap Maturity Year Dec. 31, 2031  
Foreign currency denominated debt    
Debt Instrument [Line Items]    
Borrowings $ 1,844 2,011
Borrowings, Stated Interest Rate [2] 2.92%  
Interest rate and Cross-Currency Swaps, Pay Floating Interest Rate [1] $ 1,847  
Borrowings, Effective Interest Rate [3] 3.42%  
Foreign currency denominated debt | Minimum    
Debt Instrument [Line Items]    
Swap Maturity Year Dec. 31, 2025  
Foreign currency denominated debt | Maximum    
Debt Instrument [Line Items]    
Swap Maturity Year Dec. 31, 2027  
Other    
Debt Instrument [Line Items]    
Custom Long-term Debt (contra) [5] $ (1,653) (18)
Interest rate and Cross-Currency Swaps, Pay Floating Interest Rate [1] 0  
Asia International Theme Parks    
Debt Instrument [Line Items]    
Borrowings $ 1,425 $ 1,331
Borrowings, Stated Interest Rate [2] 2.35%  
Interest rate and Cross-Currency Swaps, Pay Floating Interest Rate [1] $ 0  
Borrowings, Effective Interest Rate [3] 6.11%  
Total borrowings    
Debt Instrument [Line Items]    
Borrowings, Stated Interest Rate [2] 3.94%  
Borrowings, Effective Interest Rate [3] 4.08%  
Long Term Debt, Current Portion    
Debt Instrument [Line Items]    
Borrowings, Stated Interest Rate [2] 3.65%  
Interest rate and Cross-Currency Swaps, Pay Floating Interest Rate [1] $ 1,000  
Borrowings, Effective Interest Rate [3] 3.85%  
Non Current    
Debt Instrument [Line Items]    
Interest rate and Cross-Currency Swaps, Pay Floating Interest Rate [1] $ 13,472  
[1] Amounts represent notional values of interest rate and cross-currency swaps outstanding as of October 1, 2022.
[2] The stated interest rate represents the weighted-average coupon rate for each category of borrowings. For floating-rate borrowings, interest rates are the rates in effect at October 1, 2022; these rates are not necessarily an indication of future interest rates.
[3] The effective interest rate includes the impact of existing and terminated interest rate and cross-currency swaps, purchase accounting adjustments and debt issuance premiums, discounts and costs.
[4] Includes net debt issuance discounts, costs and purchase accounting adjustments totaling a net premium of $1.9 billion and $2.1 billion at October 1, 2022 and October 2, 2021, respectively.
[5] Includes market value adjustments for debt with qualifying hedges, which reduces borrowings by $1.7 billion and $0.1 billion at October 1, 2022 and October 2, 2021, respectively.
v3.22.2.2
Borrowings Bank facilities to support commercial paper borrowings (Details)
$ in Millions
Oct. 01, 2022
USD ($)
Line of Credit Facility [Line Items]  
Line of Credit Facility, Committed Capacity $ 12,250
Line of Credit Facility, Capacity Used 0
Line of Credit Facility, Unused Capacity 12,250
Existing Line of Credit 3  
Line of Credit Facility [Line Items]  
Line of Credit Facility, Committed Capacity 5,250
Line of Credit Facility, Capacity Used 0
Line of Credit Facility, Unused Capacity 5,250
Existing Line of Credit 1  
Line of Credit Facility [Line Items]  
Line of Credit Facility, Committed Capacity 3,000
Line of Credit Facility, Capacity Used 0
Line of Credit Facility, Unused Capacity 3,000
Existing Line of Credit 2  
Line of Credit Facility [Line Items]  
Line of Credit Facility, Committed Capacity 4,000
Line of Credit Facility, Capacity Used 0
Line of Credit Facility, Unused Capacity $ 4,000
v3.22.2.2
Borrowings Commercial Paper Activity (Details) - USD ($)
$ in Millions
 12 Months Ended
Oct. 01, 2022
Oct. 02, 2021
Commercial Paper Rollforward [Line Items]    
Beginning Balance $ 1,992 $ 2,023
Additions 2,467 2,221
Payments (2,801) (2,247)
Other Activity 4 (5)
Ending Balance 1,662 1,992
Commercial Paper with original maturities less that three months    
Commercial Paper Rollforward [Line Items]    
Beginning Balance 0 0
Additions [1] 50 0
Payments [1] 0  
Other Activity 0 0
Ending Balance 50 0
Commercial paper with original maturities greater than three months    
Commercial Paper Rollforward [Line Items]    
Beginning Balance 1,992 2,023
Additions 2,417 2,221
Payments (2,801) (2,247)
Other Activity 4 (5)
Ending Balance $ 1,612 $ 1,992
[1] Borrowings and reductions of borrowings are reported net.
v3.22.2.2
Borrowings Total Borrowings Excluding Market Value Adjustments, Scheduled Maturities (Detail)
$ in Millions
Oct. 01, 2022
USD ($)
Maturities of Long-term Debt [Abstract]  
2023 $ 3,080
2024 2,872
2025 3,706
2026 4,578
2027 2,905
Thereafter 31,042
Total borrowings 48,183
Estimated Future Interest Payment [Abstract]  
2023 1,811 [1]
2024 1,748 [1]
2025 1,631 [1]
2026 1,533 [1]
2027 1,428 [1]
Thereafter 19,738 [1]
Long-Term Debt, Expected Interest Payment, Gross 27,889 [1]
Maturities of Long-term Debt and Interest [Abstract]  
2023 4,891
2024 4,620
2025 5,337
2026 6,111
2027 4,333
Thereafter 50,780
Long-Term Debt, Principal and Interest Payments, Gross 76,072
Decrease in Future Interest Payments 1,100
Before Asia Theme Parks Consolidation  
Maturities of Long-term Debt [Abstract]  
2023 2,918
2024 2,872
2025 3,604
2026 4,578
2027 2,905
Thereafter 29,881
Total borrowings 46,758
Asia Theme Parks and Adjustments  
Maturities of Long-term Debt [Abstract]  
2023 162
2024 0
2025 102
2026 0
2027 0
Thereafter 1,161
Total borrowings $ 1,425
[1] In 2023, the Company has the ability to call a debt instrument prior to its scheduled maturity, which if exercised by the Company would reduce future interest payments by $1.1 billion.
v3.22.2.2
Borrowings - Additional Information (Detail)
¥ in Millions, $ in Millions, $ in Millions, $ in Millions
 2 Months Ended 10 Months Ended 12 Months Ended
Mar. 30, 2020
USD ($)
Oct. 01, 2022
USD ($)
Oct. 01, 2022
CNY (¥)
Jul. 27, 2022
USD ($)
Jul. 27, 2022
CNY (¥)
Oct. 01, 2022
USD ($)
Oct. 01, 2022
HKD ($)
Oct. 01, 2022
CNY (¥)
Oct. 02, 2021
USD ($)
Oct. 03, 2020
USD ($)
Mar. 30, 2020
CAD ($)
Oct. 31, 2017
USD ($)
Oct. 31, 2017
CAD ($)
Debt Instrument [Line Items]                          
Line of Credit Facility, Interest Rate Description           These facilities allow for borrowings at SOFR-based rates plus a fixed spread that varies with the Company’s debt ratings assigned by Moody’s Investors Service and Standard & Poor’s ranging from 0.755% to 1.225%. These facilities allow for borrowings at SOFR-based rates plus a fixed spread that varies with the Company’s debt ratings assigned by Moody’s Investors Service and Standard & Poor’s ranging from 0.755% to 1.225%. These facilities allow for borrowings at SOFR-based rates plus a fixed spread that varies with the Company’s debt ratings assigned by Moody’s Investors Service and Standard & Poor’s ranging from 0.755% to 1.225%.          
Line of Credit Facility, Committed Capacity   $ 12,250       $ 12,250              
Letters of Credit, amount outstanding   1,900       1,900              
Borrowings   48,369       48,369     $ 54,406        
Interest capitalized           261     187 $ 157      
Interest expense, net of capitalized interest           1,549     1,546 $ 1,647      
Letters Of Credit under Revolving Credit Facility Expiring In March 2023                          
Debt Instrument [Line Items]                          
Line of Credit Facility, Committed Capacity   500       500              
Commercial Paper                          
Debt Instrument [Line Items]                          
Borrowings   $ 1,662       $ 1,662     1,992        
Stated interest rate [1]   0.00%       0.00%              
Commercial Paper | Minimum                          
Debt Instrument [Line Items]                          
Debt Instrument, Basis Spread on Variable Rate           0.755% 0.755% 0.755%          
Commercial Paper | Maximum                          
Debt Instrument [Line Items]                          
Debt Instrument, Basis Spread on Variable Rate           1.225% 1.225% 1.225%          
U.S. Dollar Denominated Notes                          
Debt Instrument [Line Items]                          
Borrowings [2]   $ 45,091       $ 45,091     $ 49,090        
Stated interest rate [1]   4.03%       4.03%              
U.S. Dollar Denominated Notes | Minimum                          
Debt Instrument [Line Items]                          
Debt Instrument, Term           1 year 1 year 1 year          
Stated interest rate   1.75%       1.75%              
U.S. Dollar Denominated Notes | Maximum                          
Debt Instrument [Line Items]                          
Debt Instrument, Term           74 years 74 years 74 years          
Stated interest rate   9.50%       9.50%              
Foreign Currency Denominated Canadian Debt 1                          
Debt Instrument [Line Items]                          
Borrowings                       $ 900 $ 1,300
Debt Instrument, Maturity Date           Oct. 31, 2024 Oct. 31, 2024 Oct. 31, 2024          
Stated interest rate                       2.76% 2.76%
Foreign Currency Denominated Canadian Debt 2                          
Debt Instrument [Line Items]                          
Borrowings $ 900                   $ 1,300    
Debt Instrument, Maturity Date Mar. 31, 2027                        
Stated interest rate 3.057%                   3.057%    
Loans | Hong Kong Disneyland Resort                          
Debt Instrument [Line Items]                          
Debt Instrument, Maturity Date           Sep. 30, 2025 Sep. 30, 2025 Sep. 30, 2025          
Variable Interest Entity, Financial or Other Support, Amount from Noncontrolling Interests           $ 102 $ 800            
Loans | Shanghai Disney Resort                          
Debt Instrument [Line Items]                          
Debt Instrument, Maturity Date           Dec. 31, 2036 Dec. 31, 2036 Dec. 31, 2036          
Loans | HIBOR | Hong Kong Disneyland Resort                          
Debt Instrument [Line Items]                          
Debt Instrument, Basis Spread on Variable Rate           2.00% 2.00% 2.00%          
Loans | Maximum | Shanghai Disney Resort                          
Debt Instrument [Line Items]                          
Stated interest rate   8.00%       8.00%              
Shendi Loan | Shanghai Disney Resort                          
Debt Instrument [Line Items]                          
Debt Instrument, Maturity Date           Dec. 31, 2036 Dec. 31, 2036 Dec. 31, 2036          
Variable Interest Entity, Financial or Other Support, Amount from Noncontrolling Interests           $ 1,200   ¥ 8,300          
Shendi Loan | Maximum | Shanghai Disney Resort                          
Debt Instrument [Line Items]                          
Stated interest rate   8.00%       8.00%              
Line of Credit | Hong Kong Disneyland Resort                          
Debt Instrument [Line Items]                          
Debt Instrument, Maturity Date           Dec. 31, 2023 Dec. 31, 2023 Dec. 31, 2023          
Variable Interest Entity, Financial or Other Support, Amount from Noncontrolling Interests           $ 268 $ 2,100            
Line of Credit | Shanghai Disney Resort                          
Debt Instrument [Line Items]                          
Stated interest rate   8.00%       8.00%              
Variable Interest Entity, Financial or Other Support, Amount from Noncontrolling Interests       $ 400 ¥ 2,600 $ 400   ¥ 2,600          
Variable Interest Entity, Financial or Other Support, Amount from Noncontrolling Interests, Outstanding   $ 162 ¥ 1,200                    
Line of Credit | HIBOR | Hong Kong Disneyland Resort                          
Debt Instrument [Line Items]                          
Debt Instrument, Basis Spread on Variable Rate           1.25% 1.25% 1.25%          
Existing Line of Credit 3                          
Debt Instrument [Line Items]                          
Line of Credit Facility, Expiration Date           Mar. 31, 2023 Mar. 31, 2023 Mar. 31, 2023          
Line of Credit Facility, Committed Capacity   5,250       $ 5,250              
Existing Line of Credit 1                          
Debt Instrument [Line Items]                          
Line of Credit Facility, Expiration Date           Mar. 31, 2025 Mar. 31, 2025 Mar. 31, 2025          
Line of Credit Facility, Committed Capacity   3,000       $ 3,000              
Existing Line of Credit 2                          
Debt Instrument [Line Items]                          
Line of Credit Facility, Expiration Date           Mar. 31, 2027 Mar. 31, 2027 Mar. 31, 2027          
Line of Credit Facility, Committed Capacity   4,000       $ 4,000              
Disney Cruise Line                          
Debt Instrument [Line Items]                          
Loan to Cost Ratio           80.00% 80.00% 80.00%          
Disney Cruise Line | Credit Facility available beginning August 2023                          
Debt Instrument [Line Items]                          
Line of Credit Facility, Committed Capacity   $ 1,100       $ 1,100              
Stated interest rate   3.80%       3.80%              
Disney Cruise Line | Credit Facility available beginning August 2024                          
Debt Instrument [Line Items]                          
Line of Credit Facility, Committed Capacity   $ 1,100       $ 1,100              
Stated interest rate   3.74%       3.74%              
[1] The stated interest rate represents the weighted-average coupon rate for each category of borrowings. For floating-rate borrowings, interest rates are the rates in effect at October 1, 2022; these rates are not necessarily an indication of future interest rates.
[2] Includes net debt issuance discounts, costs and purchase accounting adjustments totaling a net premium of $1.9 billion and $2.1 billion at October 1, 2022 and October 2, 2021, respectively.
v3.22.2.2
(Loss) Income Before Income Taxes (Detail) - USD ($)
$ in Millions
 12 Months Ended
Oct. 01, 2022
Oct. 02, 2021
Oct. 03, 2020
Income Before Income Taxes      
Domestic (including U.S. exports) $ 5,955 $ 5,241 $ 4,706
Foreign subsidiaries (670) (2,680) (6,449) [1]
Total income (loss) from continuing operations 5,285 2,561 (1,743)
Loss from discontinued operations (62) (38) (42)
Income (loss) before income taxes $ 5,223 $ 2,523 $ (1,785)
[1] Includes goodwill and intangible asset impairment in fiscal 2020.Provision for Income Taxes: Current and Deferred
v3.22.2.2
Income Tax Expense / (Benefit) (Detail) - USD ($)
$ in Millions
 12 Months Ended
Oct. 01, 2022
Oct. 02, 2021
Oct. 03, 2020
Current      
Federal $ 436 $ 594 $ 95
State 282 129 148
Foreign [1] 846 554 731
Current Income Tax Expense (Benefit), Total 1,564 1,277 974
Deferred      
Federal 407 (526) 279
State 26 (220) (29)
Foreign (265) (506) (525)
Deferred Income Tax Expense (Benefit), Total 168 (1,252) (275)
Income tax expense from continuing operations 1,732 25 699
Income Tax Expense (Benefit), Discontinued Operation (14) (9) (10)
Income Tax Expense (Benefit), Continuing Operations, Discontinued Operations $ 1,718 $ 16 $ 689
[1] Includes foreign withholding taxes.
v3.22.2.2
Income Taxes - Deferred Tax Assets and Liabilities (Detail) - USD ($)
$ in Millions
Oct. 01, 2022
Oct. 02, 2021
Deferred tax assets    
Net operating losses and tax credit carryforwards [1] $ (3,527) $ (3,944)
Accrued liabilities (1,570) (2,544)
Deferred Tax Assets, Lease Liabilities (748) (764)
Deferred Tax Assets, Tax Deferred Expense, Licensing Revenues (124) (80)
Other (819) (725)
Total deferred tax assets (6,788) (8,057)
Deferred tax liabilities    
Depreciable, amortizable and other property 8,575 7,916
Investment in U.S. Entities 1,798 2,653
Deferred Tax Liabilities, Right-of-Use Assets 676 697
Investment in Foreign Entities 543 392
Other 64 164
Deferred Tax Liabilities, Gross 11,656 11,822
Deferred Tax Liabilities before valuation allowance 4,868 3,765
Valuation allowance 2,859 2,795
Total deferred tax liabilities $ 7,727 $ 6,560
[1] Balances as of October 1, 2022 and October 2, 2021 include approximately $1.5 billion and $1.6 billion, respectively, of International Theme Park net operating losses and approximately $1.0 billion at both October 1, 2022 and October 2, 2021 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 $0.2 billion may expire between fiscal 2023 and fiscal 2028. Foreign tax credits in the U.S. have a ten-year carryforward period. Foreign tax credits of $1.0 billion may expire beginning fiscal 2026.
v3.22.2.2
Income Taxes - Deferred tax Assets and Liabilities (Parenthetical) (Details) - USD ($)
$ in Millions
 12 Months Ended
Oct. 01, 2022
Oct. 02, 2021
Income Taxes [Line Items]    
Deferred Tax Assets, operating Loss Carryforwards, Foreign [1] $ 3,527 $ 3,944
Minimum | Foreign Tax Credit    
Income Taxes [Line Items]    
Tax Credit Carryforward, Expiration Date Oct. 03, 2026  
International Theme Parks    
Income Taxes [Line Items]    
Deferred Tax Assets, operating Loss Carryforwards, Foreign $ 1,500 1,600
Deferred Tax Assets, Tax Credit Carryforwards, Foreign $ 1,000 $ 1,000
International Theme Parks | CHINA    
Income Taxes [Line Items]    
Net Operating Loss Carryforward, Period 5 years  
International Theme Parks | UNITED STATES    
Income Taxes [Line Items]    
Tax Credit Carryforward, Period 10 years  
China Theme Parks    
Income Taxes [Line Items]    
Deferred Tax Assets, operating Loss Carryforwards, Foreign $ 200  
China Theme Parks | CHINA | Minimum    
Income Taxes [Line Items]    
Operating Loss Carryforwards, Expiration Date Sep. 30, 2023  
China Theme Parks | CHINA | Maximum    
Income Taxes [Line Items]    
Operating Loss Carryforwards, Expiration Date Sep. 30, 2028  
[1] Balances as of October 1, 2022 and October 2, 2021 include approximately $1.5 billion and $1.6 billion, respectively, of International Theme Park net operating losses and approximately $1.0 billion at both October 1, 2022 and October 2, 2021 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 $0.2 billion may expire between fiscal 2023 and fiscal 2028. Foreign tax credits in the U.S. have a ten-year carryforward period. Foreign tax credits of $1.0 billion may expire beginning fiscal 2026.
v3.22.2.2
Income Taxes - Summary of Valuation Allowance (Details) - USD ($)
$ in Billions
 12 Months Ended
Oct. 01, 2022
Oct. 02, 2021
Oct. 03, 2020
Valuation Allowance [Line Items]      
Roll Forward, Deferred Tax Assets, Valuation Allowance $ 2.8 $ 2.4 $ 1.9
Charges to Tax Expense 0.4 0.4 0.6
Other Changes (0.3) 0.0 (0.1)
Roll Forward, Deferred Tax Assets, Valuation Allowance $ 2.9 $ 2.8 $ 2.4
v3.22.2.2
Income Taxes - Reconciliation of Effective Income Tax Rate to Federal Rate (Detail)
 12 Months Ended
Oct. 01, 2022
Oct. 02, 2021
Oct. 03, 2020
Income Tax Disclosure [Abstract]      
Federal income tax rate 21.00% 21.00% [1] 21.00%
State taxes, net of federal benefit 3.10% 1.90% [1] 4.30%
Tax rate differential on foreign income 4.30% 12.00% [1] (16.50%)
Foreign Derived Income (3.40%) (6.40%) 0.00% [1]
Excess tax benefits from equity awards 0.00% (5.30%) [1] 3.70%
Legislative Changes 1.70% (12.20%) [1] 4.40%
Income tax audits and reserves 2.70% (4.80%) [1] (6.10%)
Goodwill Impairment 0.00% 0.00% [1] (41.10%)
Valuation Allowance 4.50% 2.60% [1] (14.60%)
Other, including tax reserves and related interest (1.10%) (7.80%) [1] 4.80%
Effective Income Tax Rate, Continuing Operations, Total 32.80% 1.00% [1] (40.10%)
[1] In fiscal 2020, the Company had a pre-tax loss. Positive amounts reflect tax benefits, whereas negative amounts reflect tax expense.
v3.22.2.2
Income Taxes - Reconciliation of Beginning and Ending Amount of Gross Unrecognized Tax Benefits, Excluding Related Accrual for Interest (Detail) - USD ($)
$ in Millions
 12 Months Ended
Oct. 01, 2022
Oct. 02, 2021
Oct. 03, 2020
Reconciliation of Unrecognized Tax Benefits, Excluding Amounts Pertaining to Examined Tax Returns [Roll Forward]      
Balance at the beginning of the year $ 2,641 $ 2,740 $ 2,952
Increases for current year tax positions 48 51 26
Increases for prior year tax positions 103 556 168
Decreases in prior year tax positions (108) (174) (99)
Settlements with taxing authorities (235) (532) (307)
Balance at the end of the year $ 2,449 $ 2,641 $ 2,740
v3.22.2.2
Income Taxes - Additional Information (Detail) - USD ($)
$ in Millions
 12 Months Ended
Oct. 01, 2022
Oct. 02, 2021
Oct. 03, 2020
Income Taxes [Line Items]      
Gross unrecognized tax benefits that would reduce income tax expense and effective tax rate, if recognized $ 1,900 $ 2,000 $ 2,100
Accrued interest and penalties related to unrecognized tax benefits 1,000 1,000 1,100
Additional accrued interest related to unrecognized tax benefits 157 191 211
Reductions in accrued interest as a result of audit settlements and other prior-year adjustments 119 256 101
Unrecognized tax benefits, reasonably possible reduction due to payments for or resolution of open tax matters 100    
Adjustments to Income Tax Expense, Income Tax Benefit from Share-based Compensation $ 2 $ 135 $ 64
v3.22.2.2
Pension and Other Benefit Programs - Benefit Obligations, Assets, Funded Status and Balance Sheet Impacts Associated with Pension and Postretirement Medical Benefit Plans based upon Actuarial Valuations (Detail) - USD ($)
$ in Millions
 12 Months Ended
Oct. 01, 2022
Oct. 02, 2021
Oct. 03, 2020
Fair value of plans' assets      
Contributions $ 157    
Amounts recognized in the balance sheet      
Non-current liabilities (1,940) $ (4,132)  
Net balance sheet liability (1,097)    
Pension Plans      
Projected benefit obligations      
Beginning obligations (20,955) (20,760)  
Service cost (400) (434) $ (410)
Interest cost (500) (457) (527)
Actuarial gain (loss) [1] 6,159 15  
Plan amendments and other 39 20  
Benefits Paid 629 661  
Ending obligations (15,028) (20,955) (20,760)
Fair value of plans' assets      
Beginning fair value 18,076 15,598  
Actual return on plan assets (2,715) 2,653  
Contributions 96 565  
Benefits paid (629) (661)  
Expenses and other 107 79  
Ending fair value 14,721 18,076 15,598
Underfunded status of the plans (307) (2,879)  
Amounts recognized in the balance sheet      
Non-current assets 913 88  
Current liabilities (66) (63)  
Non-current liabilities (1,154) (2,904)  
Net balance sheet liability (307) (2,879)  
Postretirement Medical Plans      
Projected benefit obligations      
Beginning obligations (2,121) (2,104)  
Service cost (9) (10) (10)
Interest cost (51) (47) (56)
Actuarial gain (loss) [1] 595 (13)  
Plan amendments and other (16) (14)  
Benefits Paid 63 67  
Ending obligations (1,539) (2,121) (2,104)
Fair value of plans' assets      
Beginning fair value 889 771  
Actual return on plan assets (134) 137  
Contributions 61 47  
Benefits paid (63) (67)  
Expenses and other (4) 1  
Ending fair value 749 889 $ 771
Underfunded status of the plans (790) (1,232)  
Amounts recognized in the balance sheet      
Non-current assets 0 0  
Current liabilities (4) (4)  
Non-current liabilities (786) (1,228)  
Net balance sheet liability $ (790) $ (1,232)  
[1] The actuarial gain for fiscal 2022 was due to an increase in the discount rate used to determine the fiscal year-end benefit obligation from the rate that was used in the preceding fiscal year.
v3.22.2.2
Pension and Other Benefit Programs - Net Periodic Benefit Cost (Detail) - USD ($)
$ in Millions
 12 Months Ended
Oct. 01, 2022
Oct. 02, 2021
Oct. 03, 2020
Defined Benefit Plan Disclosure [Line Items]      
Net periodic benefit cost $ (81)    
Pension Plans      
Defined Benefit Plan Disclosure [Line Items]      
Service cost 400 $ 434 $ 410
Interest cost $ 500 $ 457 $ 527
Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Interest Cost, Statement of Income or Comprehensive Income [Extensible Enumeration] Interest expense, net Interest expense, net Interest expense, net
Expected return on plan assets $ (1,174) $ (1,100) $ (1,084)
Defined Benefit Plan, Net Periodic Benefit (Cost) Credit, Expected Return (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration] Interest expense, net Interest expense, net Interest expense, net
Amortization of prior-year service costs $ 7 $ 11 $ 13
Recognized net actuarial loss $ 585 $ 777 $ 544
Defined Benefit Plan, Net Periodic Benefit (Cost) Credit, Amortization of Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration] Interest expense, net Interest expense, net Interest expense, net
Total other costs (benefits) $ (82) $ 145 $ 0
Defined Benefit Plan, Net Periodic Benefit Cost (Credit) Excluding Service Cost, Statement of Income or Comprehensive Income [Extensible Enumeration] Interest expense, net Interest expense, net Interest expense, net
Net periodic benefit cost $ 318 $ 579 $ 410
Postretirement Medical Plans      
Defined Benefit Plan Disclosure [Line Items]      
Service cost 9 10 10
Interest cost $ 51 $ 47 $ 56
Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Interest Cost, Statement of Income or Comprehensive Income [Extensible Enumeration] Interest expense, net Interest expense, net Interest expense, net
Expected return on plan assets $ (59) $ (55) $ (57)
Defined Benefit Plan, Net Periodic Benefit (Cost) Credit, Expected Return (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration] Interest expense, net Interest expense, net Interest expense, net
Amortization of prior-year service costs $ 0 $ 0 $ 0
Recognized net actuarial loss $ 28 $ 30 $ 14
Defined Benefit Plan, Net Periodic Benefit (Cost) Credit, Amortization of Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration] Interest expense, net Interest expense, net Interest expense, net
Total other costs (benefits) $ 20 $ 22 $ 13
Defined Benefit Plan, Net Periodic Benefit Cost (Credit) Excluding Service Cost, Statement of Income or Comprehensive Income [Extensible Enumeration] Interest expense, net Interest expense, net Interest expense, net
Net periodic benefit cost $ 29 $ 32 $ 23
v3.22.2.2
Pension and Other Benefit Programs - Key Assumptions (Detail)
 12 Months Ended
Oct. 01, 2022
Oct. 02, 2021
Oct. 03, 2020
Pension Plans      
Schedule of Net Periodic Benefit Costs Weighted Average Assumptions [Line Items]      
Discount rate used to determine the benefit obligation 5.44% 2.88% 2.82%
Discount rate used to determine the interest cost component of net periodic benefit cost 2.45% 2.28% 2.94%
Rate of return on plan assets 7.00% 7.00% 7.00%
Weighted average rate of compensation increase to determine the benefit obligation 3.10% 3.10% 3.20%
Postretirement Medical Plans      
Schedule of Net Periodic Benefit Costs Weighted Average Assumptions [Line Items]      
Discount rate used to determine the benefit obligation 5.47% 2.89% 2.80%
Discount rate used to determine the interest cost component of net periodic benefit cost 2.47% 2.28% 2.95%
Rate of return on plan assets 7.00% 7.00% 7.00%
Year 1 increase in cost of benefits 7.00% 7.00% 7.00%
Rate of increase to which the cost of benefits is assumed to decline (the ultimate trend rate) 4.00% 4.00% 4.25%
Year that the rate reaches the ultimate trend rate 2041 2040 2034
v3.22.2.2
Pension and Other Benefit Programs - Accumulated Other Comprehensive Loss, Before Tax, not yet Recognized in Net Periodic Benefit Cost (Detail) - USD ($)
$ in Millions
Oct. 01, 2022
Oct. 02, 2021
Defined Benefit Plan Disclosure [Line Items]    
Defined Benefit Plan, Accumulated Other Comprehensive (Income) Loss, Prior Service Cost (Credit), before Tax $ 26  
Net actuarial loss 3,745  
Defined Benefit Plan, Accumulated Other Comprehensive (Income) Loss, before Tax 3,771  
Prepaid Accrued Pension Costs (2,674)  
Net balance sheet liability 1,097  
Pension Plans    
Defined Benefit Plan Disclosure [Line Items]    
Defined Benefit Plan, Accumulated Other Comprehensive (Income) Loss, Prior Service Cost (Credit), before Tax 26  
Net actuarial loss 3,838  
Defined Benefit Plan, Accumulated Other Comprehensive (Income) Loss, before Tax 3,864  
Prepaid Accrued Pension Costs (3,557)  
Net balance sheet liability 307 $ 2,879
Postretirement Medical Plans    
Defined Benefit Plan Disclosure [Line Items]    
Defined Benefit Plan, Accumulated Other Comprehensive (Income) Loss, Prior Service Cost (Credit), before Tax 0  
Net actuarial loss (93)  
Defined Benefit Plan, Accumulated Other Comprehensive (Income) Loss, before Tax (93)  
Prepaid Accrued Pension Costs 883  
Net balance sheet liability $ 790 $ 1,232
v3.22.2.2
Pension and Other Benefit Programs - Plan Assets Investment Policy Ranges for Major Asset Classes (Detail)
Oct. 01, 2022
Minimum | Equity Investments  
Defined Benefit Plan Disclosure [Line Items]  
Defined Benefit Plan, Plan Assets, Target Allocation, Percentage 30.00%
Minimum | Fixed income Investments  
Defined Benefit Plan Disclosure [Line Items]  
Defined Benefit Plan, Plan Assets, Target Allocation, Percentage 20.00%
Minimum | Alternative Investments  
Defined Benefit Plan Disclosure [Line Items]  
Defined Benefit Plan, Plan Assets, Target Allocation, Percentage 10.00%
Minimum | Cash & Money Market Funds  
Defined Benefit Plan Disclosure [Line Items]  
Defined Benefit Plan, Plan Assets, Target Allocation, Percentage 0.00%
Maximum | Equity Investments  
Defined Benefit Plan Disclosure [Line Items]  
Defined Benefit Plan, Plan Assets, Target Allocation, Percentage 60.00%
Maximum | Fixed income Investments  
Defined Benefit Plan Disclosure [Line Items]  
Defined Benefit Plan, Plan Assets, Target Allocation, Percentage 40.00%
Maximum | Alternative Investments  
Defined Benefit Plan Disclosure [Line Items]  
Defined Benefit Plan, Plan Assets, Target Allocation, Percentage 30.00%
Maximum | Cash & Money Market Funds  
Defined Benefit Plan Disclosure [Line Items]  
Defined Benefit Plan, Plan Assets, Target Allocation, Percentage 10.00%
v3.22.2.2
Pension and Other Benefit Programs - Defined Benefit Plan Assets Measured at Fair Value (Detail) - USD ($)
$ in Millions
Oct. 01, 2022
Oct. 02, 2021
Schedule of Pension and Other Postretirement Benefits Changes in Benefit Obligation and Fair Value of Plan Assets [Line Items]    
Defined Benefit Plan, Fair Value of Plan Assets in the Fair Value Hierarchy $ 15,470 $ 18,965
Percentage of plan assets mix 100.00% 100.00%
Cash    
Schedule of Pension and Other Postretirement Benefits Changes in Benefit Obligation and Fair Value of Plan Assets [Line Items]    
Percentage of plan assets mix 1.00% 0.00%
Equity Securities    
Schedule of Pension and Other Postretirement Benefits Changes in Benefit Obligation and Fair Value of Plan Assets [Line Items]    
Percentage of plan assets mix 20.00% 23.00%
Mutual Funds    
Schedule of Pension and Other Postretirement Benefits Changes in Benefit Obligation and Fair Value of Plan Assets [Line Items]    
Percentage of plan assets mix 7.00% 7.00%
US Government Debt Securities    
Schedule of Pension and Other Postretirement Benefits Changes in Benefit Obligation and Fair Value of Plan Assets [Line Items]    
Percentage of plan assets mix 15.00% 15.00%
Corporate Bond Securities    
Schedule of Pension and Other Postretirement Benefits Changes in Benefit Obligation and Fair Value of Plan Assets [Line Items]    
Percentage of plan assets mix 5.00% 6.00%
Other Mortgage and Asset Backed Securities    
Schedule of Pension and Other Postretirement Benefits Changes in Benefit Obligation and Fair Value of Plan Assets [Line Items]    
Percentage of plan assets mix 1.00% 1.00%
Derivatives and Other, Net    
Schedule of Pension and Other Postretirement Benefits Changes in Benefit Obligation and Fair Value of Plan Assets [Line Items]    
Percentage of plan assets mix 0.00% 0.00%
Common Collective Funds    
Schedule of Pension and Other Postretirement Benefits Changes in Benefit Obligation and Fair Value of Plan Assets [Line Items]    
Defined Benefit Plan, Fair Value of Plan Assets in the Fair Value Hierarchy $ 3,479 $ 4,550
Percentage of plan assets mix 22.00% 24.00%
Alternative Investments Funds    
Schedule of Pension and Other Postretirement Benefits Changes in Benefit Obligation and Fair Value of Plan Assets [Line Items]    
Defined Benefit Plan, Fair Value of Plan Assets in the Fair Value Hierarchy $ 4,208 $ 4,342
Percentage of plan assets mix 27.00% 23.00%
Money Market Funds and Other    
Schedule of Pension and Other Postretirement Benefits Changes in Benefit Obligation and Fair Value of Plan Assets [Line Items]    
Defined Benefit Plan, Fair Value of Plan Assets in the Fair Value Hierarchy $ 240 $ 254
Percentage of plan assets mix 2.00% 1.00%
Level 1 | Cash    
Schedule of Pension and Other Postretirement Benefits Changes in Benefit Obligation and Fair Value of Plan Assets [Line Items]    
Defined Benefit Plan, Fair Value of Plan Assets in the Fair Value Hierarchy $ 177 $ 77
Level 1 | Equity Securities    
Schedule of Pension and Other Postretirement Benefits Changes in Benefit Obligation and Fair Value of Plan Assets [Line Items]    
Defined Benefit Plan, Fair Value of Plan Assets in the Fair Value Hierarchy [1] 3,118 4,407
Level 1 | Mutual Funds    
Schedule of Pension and Other Postretirement Benefits Changes in Benefit Obligation and Fair Value of Plan Assets [Line Items]    
Defined Benefit Plan, Fair Value of Plan Assets in the Fair Value Hierarchy 1,044 1,326
Level 1 | US Government Debt Securities    
Schedule of Pension and Other Postretirement Benefits Changes in Benefit Obligation and Fair Value of Plan Assets [Line Items]    
Defined Benefit Plan, Fair Value of Plan Assets in the Fair Value Hierarchy 2,061 2,437
Level 1 | Corporate Bond Securities    
Schedule of Pension and Other Postretirement Benefits Changes in Benefit Obligation and Fair Value of Plan Assets [Line Items]    
Defined Benefit Plan, Fair Value of Plan Assets in the Fair Value Hierarchy 0 0
Level 1 | Other Mortgage and Asset Backed Securities    
Schedule of Pension and Other Postretirement Benefits Changes in Benefit Obligation and Fair Value of Plan Assets [Line Items]    
Defined Benefit Plan, Fair Value of Plan Assets in the Fair Value Hierarchy 0 0
Level 1 | Derivatives and Other, Net    
Schedule of Pension and Other Postretirement Benefits Changes in Benefit Obligation and Fair Value of Plan Assets [Line Items]    
Defined Benefit Plan, Fair Value of Plan Assets in the Fair Value Hierarchy 2 8
Level 1 | Total Investments at Fair Value    
Schedule of Pension and Other Postretirement Benefits Changes in Benefit Obligation and Fair Value of Plan Assets [Line Items]    
Defined Benefit Plan, Fair Value of Plan Assets in the Fair Value Hierarchy 6,402 8,255
Level 2 | Cash    
Schedule of Pension and Other Postretirement Benefits Changes in Benefit Obligation and Fair Value of Plan Assets [Line Items]    
Defined Benefit Plan, Fair Value of Plan Assets in the Fair Value Hierarchy 0 0
Level 2 | Equity Securities    
Schedule of Pension and Other Postretirement Benefits Changes in Benefit Obligation and Fair Value of Plan Assets [Line Items]    
Defined Benefit Plan, Fair Value of Plan Assets in the Fair Value Hierarchy [1] 0 0
Level 2 | Mutual Funds    
Schedule of Pension and Other Postretirement Benefits Changes in Benefit Obligation and Fair Value of Plan Assets [Line Items]    
Defined Benefit Plan, Fair Value of Plan Assets in the Fair Value Hierarchy 0 0
Level 2 | US Government Debt Securities    
Schedule of Pension and Other Postretirement Benefits Changes in Benefit Obligation and Fair Value of Plan Assets [Line Items]    
Defined Benefit Plan, Fair Value of Plan Assets in the Fair Value Hierarchy 293 349
Level 2 | Corporate Bond Securities    
Schedule of Pension and Other Postretirement Benefits Changes in Benefit Obligation and Fair Value of Plan Assets [Line Items]    
Defined Benefit Plan, Fair Value of Plan Assets in the Fair Value Hierarchy 751 1,098
Level 2 | Other Mortgage and Asset Backed Securities    
Schedule of Pension and Other Postretirement Benefits Changes in Benefit Obligation and Fair Value of Plan Assets [Line Items]    
Defined Benefit Plan, Fair Value of Plan Assets in the Fair Value Hierarchy 84 96
Level 2 | Derivatives and Other, Net    
Schedule of Pension and Other Postretirement Benefits Changes in Benefit Obligation and Fair Value of Plan Assets [Line Items]    
Defined Benefit Plan, Fair Value of Plan Assets in the Fair Value Hierarchy 13 21
Level 2 | Total Investments at Fair Value    
Schedule of Pension and Other Postretirement Benefits Changes in Benefit Obligation and Fair Value of Plan Assets [Line Items]    
Defined Benefit Plan, Fair Value of Plan Assets in the Fair Value Hierarchy 1,141 1,564
Level 1 and 2 | Cash    
Schedule of Pension and Other Postretirement Benefits Changes in Benefit Obligation and Fair Value of Plan Assets [Line Items]    
Defined Benefit Plan, Fair Value of Plan Assets in the Fair Value Hierarchy 177 77
Level 1 and 2 | Equity Securities    
Schedule of Pension and Other Postretirement Benefits Changes in Benefit Obligation and Fair Value of Plan Assets [Line Items]    
Defined Benefit Plan, Fair Value of Plan Assets in the Fair Value Hierarchy [1] 3,118 4,407
Level 1 and 2 | Mutual Funds    
Schedule of Pension and Other Postretirement Benefits Changes in Benefit Obligation and Fair Value of Plan Assets [Line Items]    
Defined Benefit Plan, Fair Value of Plan Assets in the Fair Value Hierarchy 1,044 1,326
Level 1 and 2 | US Government Debt Securities    
Schedule of Pension and Other Postretirement Benefits Changes in Benefit Obligation and Fair Value of Plan Assets [Line Items]    
Defined Benefit Plan, Fair Value of Plan Assets in the Fair Value Hierarchy 2,354 2,786
Level 1 and 2 | Corporate Bond Securities    
Schedule of Pension and Other Postretirement Benefits Changes in Benefit Obligation and Fair Value of Plan Assets [Line Items]    
Defined Benefit Plan, Fair Value of Plan Assets in the Fair Value Hierarchy 751 1,098
Level 1 and 2 | Other Mortgage and Asset Backed Securities    
Schedule of Pension and Other Postretirement Benefits Changes in Benefit Obligation and Fair Value of Plan Assets [Line Items]    
Defined Benefit Plan, Fair Value of Plan Assets in the Fair Value Hierarchy 84 96
Level 1 and 2 | Derivatives and Other, Net    
Schedule of Pension and Other Postretirement Benefits Changes in Benefit Obligation and Fair Value of Plan Assets [Line Items]    
Defined Benefit Plan, Fair Value of Plan Assets in the Fair Value Hierarchy 15 29
Level 1 and 2 | Total Investments at Fair Value    
Schedule of Pension and Other Postretirement Benefits Changes in Benefit Obligation and Fair Value of Plan Assets [Line Items]    
Defined Benefit Plan, Fair Value of Plan Assets in the Fair Value Hierarchy $ 7,543 $ 9,819
[1] Includes 2.9 million shares of Company common stock valued at $273 million (2% of total plan assets) and 2.9 million shares valued at $489 million (3% of total plan assets) at October 1, 2022 and October 2, 2021, respectively.
v3.22.2.2
Pension and Other Benefit Programs - Defined Benefit Plan Assets Measured at Fair Value (Parenthetical) (Detail) - USD ($)
shares in Millions, $ in Millions
Oct. 01, 2022
Oct. 02, 2021
Schedule of Pension and Other Postretirement Benefits Changes in Benefit Obligation and Fair Value of Plan Assets [Line Items]    
Asset allocation ranges 100.00% 100.00%
United States Mid Large Cap | Shares Held In The Walt Disney Company    
Schedule of Pension and Other Postretirement Benefits Changes in Benefit Obligation and Fair Value of Plan Assets [Line Items]    
Large cap domestic equities, shares of company common stock 2.9 2.9
Large cap domestic equities, value of company common stock $ 273 $ 489
Asset allocation ranges 2.00% 3.00%
v3.22.2.2
Pension and Other Benefit Programs - Estimated Future Benefit Payments (Detail)
$ in Millions
Oct. 01, 2022
USD ($)
Pension Plans  
Defined Benefit Plan Disclosure [Line Items]  
2023 $ 720
2024 727
2025 771
2026 815
2027 858
2028 - 2032 4,874
Postretirement Medical Plans  
Defined Benefit Plan Disclosure [Line Items]  
2023 65 [1]
2024 69 [1]
2025 73 [1]
2026 78 [1]
2027 83 [1]
2028 - 2032 $ 479 [1]
[1] Estimated future benefit payments are net of expected Medicare subsidy receipts of $81 million.
v3.22.2.2
Pension and Other Benefit Programs - Estimated Future Benefit Payments (Parenthetical) (Detail)
$ in Millions
Oct. 01, 2022
USD ($)
Postretirement Medical Plans  
Defined Benefit Plan Disclosure [Line Items]  
Expected Medicare subsidy receipts $ 81
v3.22.2.2
Pension and Other Benefit Programs - Long-Term Rate of Return on Plan Assets (Detail)
 12 Months Ended
Oct. 01, 2022
Minimum | Equity Securities  
Defined Benefit Plan Disclosure [Line Items]  
Long term rate of return on assets 6.00%
Minimum | Debt Securities  
Defined Benefit Plan Disclosure [Line Items]  
Long term rate of return on assets 2.00%
Minimum | Alternative Investments  
Defined Benefit Plan Disclosure [Line Items]  
Long term rate of return on assets 6.00%
Maximum | Equity Securities  
Defined Benefit Plan Disclosure [Line Items]  
Long term rate of return on assets 10.00%
Maximum | Debt Securities  
Defined Benefit Plan Disclosure [Line Items]  
Long term rate of return on assets 5.00%
Maximum | Alternative Investments  
Defined Benefit Plan Disclosure [Line Items]  
Long term rate of return on assets 11.00%
v3.22.2.2
Pension and Other Benefit Programs - One Percentage Point (ppt) Change on Projected Benefit Obligations (Detail)
$ in Millions
Oct. 01, 2022
USD ($)
Retirement Benefits [Abstract]  
Impact of 1 ppt Discount Rate decrease on Benefit Expense $ 242
Impact of 1 ppt Discount Rate increase on Benefit Expense (59)
Impact of 1 ppt Discount Rate decrease on Projected Benefit Obligations 2,342
Impact of 1 ppt Discount Rate increase on Projected Benefit Obligations (2,045)
Impact of 1 ppt Expected Long-Term Rate of Return on Assets Decrease on Benefit Expense 172
Impact of 1 ppt Expected Long-Term Rate of Return on Assets Increase on Benefit Expense $ (172)
v3.22.2.2
Pension and Other Benefit Programs - Contribution into Multiemployer Pension Plans and Health and Welfare Plans (Detail) - USD ($)
$ in Millions
 12 Months Ended
Oct. 01, 2022
Oct. 02, 2021
Oct. 03, 2020
Multiemployer Plans [Line Items]      
Multiemployer Plan, Employer Contribution, Cost $ 803 $ 561 $ 438
Pension Plans      
Multiemployer Plans [Line Items]      
Multiemployer Plan, Employer Contribution, Cost 402 289 221
Postretirement Medical Plans      
Multiemployer Plans [Line Items]      
Multiemployer Plan, Employer Contribution, Cost $ 401 $ 272 $ 217
v3.22.2.2
Pension and Other Benefit Programs - Additional Information (Detail) - USD ($)
$ in Millions
 12 Months Ended
Oct. 01, 2022
Oct. 02, 2021
Oct. 03, 2020
Defined Benefit Plan Disclosure [Line Items]      
New vesting service year requirement effective January 1, 2012 3 years    
Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Increase (Decrease) for Plan Amendment $ 428    
Defined Benefit Plan, Net Periodic Benefit Cost (Credit) (81)    
Pension plans with accumulated benefit obligations in excess of plan assets, projected benefit obligation 1,200 $ 9,000  
Pension plans with accumulated benefit obligations in excess of plan assets, accumulated benefit obligation 1,100 8,500  
Pension plans with accumulated benefit obligations in excess of plan assets, aggregate fair value of plan assets   6,900  
Total accumulated pension benefit obligations $ 14,100 $ 19,400  
Total accumulated pension benefit obligations, vested percentage 98.00% 98.00%  
Additional Capital Contributions Commitment $ 1,500    
Pension and postretirement medical plans, employer contributions $ 157    
Defined contribution plan, contribution rate 50.00%    
Savings and investment plans, employees contribution rate 50.00%    
Defined contribution plans, employer contributions $ 325 $ 254 $ 242
Minimum      
Defined Benefit Plan Disclosure [Line Items]      
Defined contribution plan, contribution rate 4.00%    
Maximum      
Defined Benefit Plan Disclosure [Line Items]      
Defined contribution plan, contribution rate 10.00%    
Pension Plans      
Defined Benefit Plan Disclosure [Line Items]      
Defined Benefit Plan, Net Periodic Benefit Cost (Credit) $ 318 579 410
Defined Benefit Plan, Pension Plan with Projected Benefit Obligation in Excess of Plan Assets, Projected Benefit Obligation 1,200 19,900  
Defined Benefit Plan, Pension Plan with Projected Benefit Obligation in Excess of Plan Assets, Plan Assets   16,900  
Pension and postretirement medical plans, employer contributions 96 565  
Postretirement Medical Plans      
Defined Benefit Plan Disclosure [Line Items]      
Defined Benefit Plan, Net Periodic Benefit Cost (Credit) 29 32 $ 23
Defined Benefit Plan, Pension Plan with Projected Benefit Obligation in Excess of Plan Assets, Projected Benefit Obligation 1,500 2,100  
Defined Benefit Plan, Pension Plan with Projected Benefit Obligation in Excess of Plan Assets, Plan Assets 700 900  
Pension and postretirement medical plans, employer contributions $ 61 $ 47  
Defined Benefit Plan, Health Care Cost Trend Rate Assumed, Next Fiscal Year 7.00% 7.00% 7.00%
Rate of increase to which the cost of benefits is assumed to decline (the ultimate trend rate) 4.00% 4.00% 4.25%
v3.22.2.2
Equity Dividends Paid (Details)
$ / shares in Units, $ in Billions
 3 Months Ended
Mar. 28, 2020
USD ($)
$ / shares
Dividends, Common Stock [Abstract]  
Dividends paid, per share | $ / shares $ 0.88
Dividends paid | $ $ 1.6
v3.22.2.2
Equity Changes in Accumulated Other Comprehensive Loss, Before Tax (Detail) - USD ($)
$ in Millions
 12 Months Ended
Oct. 01, 2022
Oct. 02, 2021
Oct. 03, 2020
Accumulated Other Comprehensive Income (Loss) [Line Items]      
AOCI before Tax, Attributable to Parent, Beginning Balance $ (8,224) $ (10,702) $ (8,459)
Unrealized gains (losses) arising during the period 2,766 1,693 (2,527)
Reclassifications of realized net (gains) losses to net income 478 785 284
AOCI before Tax, Attributable to Parent, Ending Balance (4,980) (8,224) (10,702)
Market Value Adjustments for Hedges      
Accumulated Other Comprehensive Income (Loss) [Line Items]      
AOCI before Tax, Attributable to Parent, Beginning Balance (152) (191) 129
Unrealized gains (losses) arising during the period 1,098 70 (57)
Reclassifications of realized net (gains) losses to net income (142) (31) (263)
AOCI before Tax, Attributable to Parent, Ending Balance 804 (152) (191)
Unrecognized Pension and Postretirement Medical Expense      
Accumulated Other Comprehensive Income (Loss) [Line Items]      
AOCI before Tax, Attributable to Parent, Beginning Balance (7,025) (9,423) (7,502)
Unrealized gains (losses) arising during the period 2,635 1,582 (2,468)
Reclassifications of realized net (gains) losses to net income 620 816 547
AOCI before Tax, Attributable to Parent, Ending Balance (3,770) (7,025) (9,423)
Foreign Currency Translation and Other      
Accumulated Other Comprehensive Income (Loss) [Line Items]      
AOCI before Tax, Attributable to Parent, Beginning Balance (1,047) (1,088) (1,086)
Unrealized gains (losses) arising during the period (967) 41 (2)
Reclassifications of realized net (gains) losses to net income 0 0 0
AOCI before Tax, Attributable to Parent, Ending Balance $ (2,014) $ (1,047) $ (1,088)
v3.22.2.2
Equity Changes in Accumulated Other Comprehensive Loss, Tax (Details) - USD ($)
$ in Millions
 12 Months Ended
Oct. 01, 2022
Oct. 02, 2021
Oct. 03, 2020
Accumulated Other Comprehensive Income (Loss) [Line Items]      
AOCI Tax, Attributable to Parent, Beginning Balance $ 1,784 $ 2,380 $ 1,842
Unrealized gains (losses) arising during the period (812) (416) 604
Reclassifications of realized net (gains) losses to net income (111) (180) (66)
AOCI Tax, Attributable to Parent, Ending Balance 861 1,784 2,380
Market Value Adjustments for Hedges      
Accumulated Other Comprehensive Income (Loss) [Line Items]      
AOCI Tax, Attributable to Parent, Beginning Balance 42 40 (29)
Unrealized gains (losses) arising during the period (254) (8) 8
Reclassifications of realized net (gains) losses to net income 33 10 61
AOCI Tax, Attributable to Parent, Ending Balance (179) 42 40
Unrecognized Pension and Postretirement Medical Expense      
Accumulated Other Comprehensive Income (Loss) [Line Items]      
AOCI Tax, Attributable to Parent, Beginning Balance 1,653 2,201 1,756
Unrealized gains (losses) arising during the period (608) (358) 572
Reclassifications of realized net (gains) losses to net income (144) (190) (127)
AOCI Tax, Attributable to Parent, Ending Balance 901 1,653 2,201
Foreign Currency Translation and Other      
Accumulated Other Comprehensive Income (Loss) [Line Items]      
AOCI Tax, Attributable to Parent, Beginning Balance 89 139 115
Unrealized gains (losses) arising during the period 50 (50) 24
Reclassifications of realized net (gains) losses to net income 0 0 0
AOCI Tax, Attributable to Parent, Ending Balance $ 139 $ 89 $ 139
v3.22.2.2
Equity Changes in Accumulated Other Comprehensive Loss, Net of Tax (Details) - USD ($)
$ in Millions
 12 Months Ended
Oct. 01, 2022
Oct. 02, 2021
Oct. 03, 2020
Accumulated Other Comprehensive Income (Loss) [Line Items]      
Accumulated Other Comprehensive Income (Loss), Net of Tax $ (6,440) $ (8,322) $ (6,617)
Unrealized gains (losses) arising during the period 1,954 1,277 (1,923)
Reclassifications of realized net (gains) losses to net income 367 605 218
Accumulated Other Comprehensive Income (Loss), Net of Tax (4,119) (6,440) (8,322)
Market Value Adjustments for Hedges      
Accumulated Other Comprehensive Income (Loss) [Line Items]      
Accumulated Other Comprehensive Income (Loss), Net of Tax (110) (151) 100
Unrealized gains (losses) arising during the period 844 62 (49)
Reclassifications of realized net (gains) losses to net income (109) (21) (202)
Accumulated Other Comprehensive Income (Loss), Net of Tax 625 (110) (151)
Unrecognized Pension and Postretirement Medical Expense      
Accumulated Other Comprehensive Income (Loss) [Line Items]      
Accumulated Other Comprehensive Income (Loss), Net of Tax (5,372) (7,222) (5,746)
Unrealized gains (losses) arising during the period 2,027 1,224 (1,896)
Reclassifications of realized net (gains) losses to net income 476 626 420
Accumulated Other Comprehensive Income (Loss), Net of Tax (2,869) (5,372) (7,222)
Foreign Currency Translation and Other      
Accumulated Other Comprehensive Income (Loss) [Line Items]      
Accumulated Other Comprehensive Income (Loss), Net of Tax (958) (949) (971)
Unrealized gains (losses) arising during the period (917) (9) 22
Reclassifications of realized net (gains) losses to net income 0 0 0
Accumulated Other Comprehensive Income (Loss), Net of Tax $ (1,875) $ (958) $ (949)
v3.22.2.2
Equity Details about AOCI Components Reclassified to Net Income (Details) - USD ($)
$ in Millions
 12 Months Ended
Oct. 01, 2022
Oct. 02, 2021
Oct. 03, 2020
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]      
Revenues $ 82,722 $ 67,418 $ 65,388
Income Tax Expense (Benefit) (1,732) (25) (699)
Net income attributable to The Walt Disney Company (Disney) 3,145 1,995 (2,864)
Reclassification out of Accumulated Other Comprehensive Income      
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]      
Net income attributable to The Walt Disney Company (Disney) (367) (605) (218)
Reclassification out of Accumulated Other Comprehensive Income | Gain/(loss) in net income from Cash flow hedges      
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]      
Revenues 142 31 263
Income Tax Expense (Benefit) (33) (10) (61)
Net income attributable to The Walt Disney Company (Disney) 109 21 202
Reclassification out of Accumulated Other Comprehensive Income | Gain/(loss) in net income from Pension and postretirement medical expense      
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]      
Net periodic benefit cost other than service cost included in interest expense, net (620) (816) (547)
Income Tax Expense (Benefit) 144 190 127
Net income attributable to The Walt Disney Company (Disney) $ (476) $ (626) $ (420)
v3.22.2.2
Equity-Based Compensation - Weighted Average Assumptions used in Option-Valuation Model (Detail) - OptionPlan
 12 Months Ended
Oct. 01, 2022
Oct. 02, 2021
Oct. 03, 2020
Share-Based Payment Arrangement [Abstract]      
Risk-free interest rate 1.60% 1.20% 1.80%
Expected volatility 28.00% 30.00% 23.00%
Dividend yield 0.00% 0.03% 1.36%
Termination rate 5.80% 5.80% 5.80%
Exercise multiple 1.98 1.83 1.83
v3.22.2.2
Equity-Based Compensation - Impact of Stock Options/Rights and Restricted Stock Units on Income and Cash Flows (Detail) - USD ($)
$ in Millions
 12 Months Ended
Oct. 01, 2022
Oct. 02, 2021
Oct. 03, 2020
Share-Based Payment Arrangement [Abstract]      
Stock option compensation expense $ 88 $ 95 $ 101
RSU compensation expense 889 505 424
Total equity-based compensation expense [1] 977 600 525
Tax impact (221) (136) (118)
Reduction in net income 756 464 407
Equity-based compensation expense capitalized during the period $ 148 $ 112 $ 87
[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.
v3.22.2.2
Equity-Based Compensation - Information about Stock Option Transactions (Detail)
shares in Millions
 12 Months Ended
Oct. 01, 2022
$ / shares
shares
Share-based Compensation Arrangement by Share-based Payment Award, Options, Nonvested, Number of Shares [Roll Forward]  
Outstanding at beginning of year | shares 18
Awards forfeited | shares 0
Awards granted | shares 2
Awards exercised | shares (2)
Outstanding at end of year | shares 18
Exercisable at end of year | shares 13
Weighted Average Exercise Price  
Outstanding at beginning of year | $ / shares $ 113.99
Awards forfeited | $ / shares 143.27
Awards granted | $ / shares 146.15
Awards exercised | $ / shares 69.05
Outstanding at end of year | $ / shares 121.28
Exercisable at end of year | $ / shares $ 111.01
v3.22.2.2
Equity-Based Compensation - Information about Stock Options Vested and Expected to Vest (Detail)
shares in Millions
 12 Months Ended
Oct. 01, 2022
$ / shares
shares
Vested  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Number | shares 13
Expected to Vest  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Number | shares 5 [1]
$ 0   — $ 55 | Vested  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Number | shares 1
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Weighted Average Exercise Price $ 51.28
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Weighted Average Remaining Contractual Term 3 months 18 days
Range of Exercise Prices, Lower Range $ 0
Range of Exercise Prices, Upper Range $ 55
$ 56 — $ 110 | Vested  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Number | shares 4
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Weighted Average Exercise Price $ 95.59
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Weighted Average Remaining Contractual Term 3 years 1 month 6 days
Range of Exercise Prices, Lower Range $ 56
Range of Exercise Prices, Upper Range $ 110
$ 111 — $ 165 | Vested  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Number | shares 7
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Weighted Average Exercise Price $ 120.61
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Weighted Average Remaining Contractual Term 5 years 8 months 12 days
Range of Exercise Prices, Lower Range $ 111
Range of Exercise Prices, Upper Range $ 165
$ 166 — $ 225 | Vested  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Number | shares 1
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Weighted Average Exercise Price $ 177.74
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Weighted Average Remaining Contractual Term 8 years 4 months 24 days
Range of Exercise Prices, Lower Range $ 166
Range of Exercise Prices, Upper Range $ 225
$ 95  — $ 125 | Expected to Vest  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Number | shares 1 [1]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Weighted Average Exercise Price $ 109.61
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Weighted Average Remaining Contractual Term 6 years 8 months 12 days
Range of Exercise Prices, Lower Range $ 95
Range of Exercise Prices, Upper Range $ 125
$ 126 — $ 155 | Expected to Vest  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Number | shares 3 [1]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Weighted Average Exercise Price $ 148.36
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Weighted Average Remaining Contractual Term 8 years 1 month 6 days
Range of Exercise Prices, Lower Range $ 126
Range of Exercise Prices, Upper Range $ 155
$ 156 — $ 185 | Expected to Vest  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Number | shares 1 [1]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Weighted Average Exercise Price $ 173.44
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Weighted Average Remaining Contractual Term 8 years 4 months 24 days
Range of Exercise Prices, Lower Range $ 156
Range of Exercise Prices, Upper Range $ 185
[1] Number of options expected to vest is total unvested options less estimated forfeitures.
v3.22.2.2
Equity-Based Compensation - Information about Restricted Stock Unit Transactions (Detail)
shares in Millions
 12 Months Ended
Oct. 01, 2022
$ / shares
shares
Units  
Unvested at beginning of year | shares 13 [1]
Granted | shares 13 [1],[2]
Vested | shares (7)
Forfeited | shares (1)
Unvested at end of year | shares 18 [1],[3]
Weighted Average Grant-Date Fair Value  
Unvested at beginning of year | $ / shares $ 151.61
Granted | $ / shares 136.36 [2]
Vested | $ / shares 144.39
Forfeited | $ / shares 155.88
Unvested at end of year | $ / shares $ 144.00 [1],[3]
[1] Excludes Performance RSUs for which vesting is subject to service conditions and the number of units vesting is subject to the discretion of the CEO. At October 1, 2022, the maximum number of these Performance RSUs that could be issued upon vesting is 0.1 million.
[2] Includes 0.3 million Performance RSUs
[3] Includes 0.6 million Performance RSUs
v3.22.2.2
Equity-Based Compensation - Additional Information (Detail) - USD ($)
$ / shares in Units, shares in Millions, $ in Millions
 12 Months Ended
Oct. 01, 2022
Oct. 02, 2021
Oct. 03, 2020
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Weighted Average Remaining Contractual Term 10 years    
Restricted stock units granted, number of shares [1],[2] 13.0    
Restricted stock units granted, unvested number of shares [1] 18.0 [3] 13.0  
Weighted average grant-date fair values of options granted $ 46.76 $ 57.05 $ 36.19
Weighted Average Grant Date Fair Value of Restricted Stock Units [2] $ 136.36    
Stock options exercised and RSUs vested, total intrinsic value $ 982 $ 1,175 $ 989
Aggregate intrinsic values of stock options vested 50    
Proceeds from exercise of stock options 127 435 305
Tax benefits realized from tax deductions associated with option exercises and RSU activity 219 $ 256 $ 220
Expected to Vest      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Aggregate intrinsic values of stock options vested $ 0    
Maximum      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Maximum extension period of stock options after grant date 15 years    
Stock Options      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Ratable vesting term of stock options from grant date 3 years    
Number of shares authorized to be awarded as grants 124.0    
Unrecognized compensation costs $ 89    
Weighted-average period to recognize compensation costs 1 year 2 months 12 days    
Share-based Payment Arrangement, Option, Four Year Vesting      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Ratable vesting term of stock options from grant date 4 years    
Restricted Stock Units (RSUs), Four Year Vesting      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Ratable vesting term of stock options from grant date 4 years    
Restricted Stock Units      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Ratable vesting term of stock options from grant date 3 years    
Number of shares authorized to be awarded as grants 60.0    
Weighted Average Grant Date Fair Value of Restricted Stock Units $ 136.36 $ 178.70 $ 145.27
Unrecognized compensation costs $ 1,707    
Weighted-average period to recognize compensation costs 1 year 3 months 18 days    
Performance Based Restricted Stock      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Ratable vesting term of stock options from grant date 3 years    
Restricted stock units granted, number of shares 0.3    
Restricted stock units granted, unvested number of shares 0.6    
Performance Shares, Vesting Subject to CEO Discretion      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Restricted stock units granted, number of shares 0.1    
[1] Excludes Performance RSUs for which vesting is subject to service conditions and the number of units vesting is subject to the discretion of the CEO. At October 1, 2022, the maximum number of these Performance RSUs that could be issued upon vesting is 0.1 million.
[2] Includes 0.3 million Performance RSUs
[3] Includes 0.6 million Performance RSUs
v3.22.2.2
Detail of Certain Balance Sheet Accounts - Current Receivables (Detail) - USD ($)
$ in Millions
Oct. 01, 2022
Oct. 02, 2021
Current receivables    
Accounts receivable $ 10,811 $ 11,177
Other 1,999 2,360
Allowance for credit losses (158) (170)
Current receivables, Net $ 12,652 $ 13,367
v3.22.2.2
Detail of Certain Balance Sheet Accounts - Parks, Resorts and Other Property, at Cost (Detail) - USD ($)
$ in Millions
Oct. 01, 2022
Oct. 02, 2021
Parks, resorts and other property, at cost    
Attractions, buildings and improvements $ 33,795 $ 32,765
Furniture, fixtures and equipment 24,409 24,008
Land improvements 7,757 7,061
Leasehold improvements 1,037 1,058
Parks, resorts and other property, before projects in progress and land, Total 66,998 64,892
Accumulated depreciation (39,356) (37,920)
Projects in progress 4,814 4,521
Land 1,140 1,131
Parks, resorts and other property $ 33,596 $ 32,624
v3.22.2.2
Detail of Certain Balance Sheet Accounts - Intangible Assets (Detail) - USD ($)
$ in Millions
Oct. 01, 2022
Oct. 02, 2021
Intangible assets    
Character/Franchise intangibles, Copyrights and Trademarks $ 10,572 $ 10,572
Distribution Agreements 8,058 8,089
Other amortizable intangible assets 4,045 4,303
Accumulated amortization (9,630) (7,641)
Net amortizable intangible assets 13,045 15,323
Other indefinite lived intangible assets [1] 1,792 1,792
Intangible assets $ 14,837 $ 17,115
[1] Indefinite lived intangible assets consist of ESPN, Pixar and Marvel trademarks and television FCC licenses.
v3.22.2.2
Detail of Certain Balance Sheet Accounts - Accounts Payable and Other Accrued Liabilities (Detail) - USD ($)
$ in Millions
Oct. 01, 2022
Oct. 02, 2021
Accounts payable and other accrued liabilities    
Accounts and accrued payables $ 16,205 $ 16,357
Payroll and employee benefits 3,447 3,482
Other 561 1,055
Accounts payable and other accrued liabilities $ 20,213 $ 20,894
v3.22.2.2
Detail of Certain Balance Sheet Accounts - Other Long-Term Liabilities (Detail) - USD ($)
$ in Millions
Oct. 01, 2022
Oct. 02, 2021
Other long-term liabilities    
Pension and postretirement medical plan liabilities $ 1,940 $ 4,132
Operating and Finance Lease Liabilities [1] 3,239 3,229
Other 7,339 7,161
Other long-term liabilities $ 12,518 $ 14,522
[1] Included in “Other long-term liabilities” in the Consolidated Balance Sheet
v3.22.2.2
Commitments and Contingencies - Contractual Commitments for Broadcast Programming Rights, Creative Talent and Other Commitments (Detail)
$ in Millions
Oct. 01, 2022
USD ($)
Commitments and Contingencies [Line Items]  
2023 $ 17,489
2024 14,110
2025 12,946
2026 8,537
2027 7,235
Thereafter 25,958
Commitments 86,275
Sports Programming  
Commitments and Contingencies [Line Items]  
2023 10,783 [1]
2024 9,906 [1]
2025 10,222 [1]
2026 7,420 [1]
2027 6,528 [1]
Thereafter 22,745 [1]
Commitments 67,604 [1]
Other Programming  
Commitments and Contingencies [Line Items]  
2023 3,815
2024 1,469
2025 977
2026 738
2027 554
Thereafter 585
Commitments 8,138
Other Commitments  
Commitments and Contingencies [Line Items]  
2023 2,891
2024 2,735
2025 1,747
2026 379
2027 153
Thereafter 2,628
Commitments $ 10,533
[1] Primarily relates to rights for NFL, college football (including bowl games and the College Football Playoff) and basketball, cricket, NBA, NHL, soccer, UFC, MLB, tennis, golf and Top Rank Boxing. Certain sports programming rights have payments that are variable based primarily on revenues and are not included in the table above. The Company has multi-year agreements to sublicense less than 5% of our sports right.
v3.22.2.2
Commitments and Contingencies - Additional Information (Detail)
$ in Millions
Oct. 01, 2022
USD ($)
Commitments and Contingencies Disclosure [Line Items]  
Commitments $ 86,275
Percentage of Sports Rights Sublicensed 5.00%
Broadcast programming  
Commitments and Contingencies Disclosure [Line Items]  
Commitments $ 75,700
Available Programming  
Commitments and Contingencies Disclosure [Line Items]  
Commitments 2,600
Sports Programming  
Commitments and Contingencies Disclosure [Line Items]  
Commitments $ 67,604 [1]
[1] Primarily relates to rights for NFL, college football (including bowl games and the College Football Playoff) and basketball, cricket, NBA, NHL, soccer, UFC, MLB, tennis, golf and Top Rank Boxing. Certain sports programming rights have payments that are variable based primarily on revenues and are not included in the table above. The Company has multi-year agreements to sublicense less than 5% of our sports right.
v3.22.2.2
Summary of Right-of-Use Assets and Lease Liabilities on the Balance Sheet (Details) - USD ($)
$ in Millions
Oct. 01, 2022
Oct. 02, 2021
Operating Lease, Right-of-Use Asset [1] $ 3,966 $ 3,895
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible Enumeration] [1] Other current assets, Other assets Other current assets, Other assets
Finance Lease, Right-of-Use Asset, [1] $ 303 $ 336
Finance Lease, Right-of-Use Asset, Statement of Financial Position [Extensible Enumeration] [1] Other current assets, Other assets Other current assets, Other assets
Operating and Financing Lease Total Right Of Use Asset [1] $ 4,269 $ 4,231
Operating Lease, Liability, Current [2] $ 614 $ 637
Short-term Operating Lease, Liability [2] Accounts payable and other accrued liabilities Accounts payable and other accrued liabilities
Finance Lease, Liability, Current [2] $ 37 $ 41
Short-term Finance Lease, Liability [2] Accounts payable and other accrued liabilities Accounts payable and other accrued liabilities
Operating and Finance Lease Liability Current [2] $ 651 $ 678
Operating Lease, Liability, Noncurrent [3] $ 3,020 $ 2,983
Long-term Operating Lease, Liability [3] Other long-term liabilities Other long-term liabilities
Finance Lease, Liability, Noncurrent $ 219 [3] $ 246
Long-term Finance Lease, Liability [3] Other long-term liabilities Other long-term liabilities
Operating and Finance Lease Liability Noncurrent [3] $ 3,239 $ 3,229
Operating and Finance Lease Liability $ 3,890 $ 3,907
[1] Included in “Other assets” in the Consolidated Balance Sheet
[2] Included in “Accounts payable and other accrued liabilities” in the Consolidated Balance Sheet
[3] Included in “Other long-term liabilities” in the Consolidated Balance Sheet
v3.22.2.2
Components of Lease Costs (Details) - USD ($)
$ in Millions
 12 Months Ended
Oct. 01, 2022
Oct. 02, 2021
Oct. 03, 2020
Amortization of Right-of-Use Assets $ 39 $ 42 $ 37
Interest on Lease Liabilities 15 20 16
Operating Lease Cost 796 853 899
Variable Fees and Other [1] 363 414 491
Lease, Cost $ 1,213 $ 1,329 $ 1,443
[1] (1)Includes variable lease payments related to our operating and finance leases and costs of leases with initial terms of less than one year, net of sublease income
v3.22.2.2
Summary of Cash Flows Arising From Lease Transactions (Details) - USD ($)
$ in Millions
 12 Months Ended
Oct. 01, 2022
Oct. 02, 2021
Oct. 03, 2020
Operating Cash Flows for Operating Leases $ 736 $ 925 $ 879
Operating Cash Flows for Finance Leases 15 20 16
Finance Cash Flows for Finance Leases 48 25 37
Cash Outflow from Operating and Financing Leases $ 799 $ 970 $ 932
v3.22.2.2
Lease Liability Maturities (Details)
$ in Millions
Oct. 01, 2022
USD ($)
Lessee, Operating Lease, Liability, Payment, Due [Abstract]  
2023 $ 704
2024 590
2025 523
2026 384
2027 272
Thereafter 2,072
Total undiscounted future lease payments 4,545
Operating Lease Imputed Interest (910)
Operating Lease, Liability 3,635
Finance Lease, Liability, Payment, Due [Abstract]  
2023 52
2024 43
2025 38
2026 33
2027 27
Thereafter 423
Total undiscounted future lease payments 616
Finance Lease Imputed Interest (360)
Finance Lease, Liability $ 256
v3.22.2.2
Leases - Additional Information (Details)
$ in Millions
Oct. 01, 2022
USD ($)
Lessee, Lease, Description [Line Items]  
Operating Lease, Weighted Average Remaining Lease Term 11 years
Finance Lease, Weighted Average Remaining Lease Term 29 years
Operating Lease, Weighted Average Discount Rate, Percent 2.70%
Finance Lease, Weighted Average Discount Rate, Percent 6.50%
Estimated Future Lease Payments, Not Commenced $ 832
v3.22.2.2
Fair Value Measurement - Assets and Liabilities Measured at Fair Value (Detail) - Fair Value, Measurements, Recurring - USD ($)
$ in Millions
Oct. 01, 2022
Oct. 02, 2021
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Investments $ 308 $ 950
Other Liabilities (354) (375)
Total (865) 565
Fair value of borrowings 44,019 60,324
Interest rate    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Derivative Asset 1 186
Derivative Liability (1,783) (287)
Foreign exchange    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Derivative Asset 2,223 707
Derivative Liability (1,239) (618)
Other    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Derivative Asset 10 10
Derivative Liability (31) (8)
Level 1    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Investments 308 950
Other Liabilities 0 0
Total 308 950
Fair value of borrowings 0 0
Level 1 | Interest rate    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Derivative Asset 0 0
Derivative Liability 0 0
Level 1 | Foreign exchange    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Derivative Asset 0 0
Derivative Liability 0 0
Level 1 | Other    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Derivative Asset 0 0
Derivative Liability 0 0
Level 2    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Investments 0 0
Other Liabilities (354) (375)
Total (1,173) (385)
Fair value of borrowings 42,509 58,913
Level 2 | Interest rate    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Derivative Asset 1 186
Derivative Liability (1,783) (287)
Level 2 | Foreign exchange    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Derivative Asset 2,223 707
Derivative Liability (1,239) (618)
Level 2 | Other    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Derivative Asset 10 10
Derivative Liability (31) (8)
Level 3    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Investments 0 0
Other Liabilities 0 0
Total 0 0
Fair value of borrowings 1,510 1,411
Level 3 | Interest rate    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Derivative Asset 0 0
Derivative Liability 0 0
Level 3 | Foreign exchange    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Derivative Asset 0 0
Derivative Liability 0 0
Level 3 | Other    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Derivative Asset 0 0
Derivative Liability $ 0 $ 0
v3.22.2.2
Derivative Instruments - Gross Fair Value of Derivative Positions (Detail) - USD ($)
$ in Millions
Oct. 01, 2022
Oct. 02, 2021
Current Assets    
Derivatives, Fair Value [Line Items]    
Derivative Asset, Fair Value, Gross Asset Including Not Subject to Master Netting Arrangement $ (1,210) $ (350)
Derivative Asset, Counterparty Netting Offset (831) (301)
Derivative Asset, Collateral, Obligation to Return Cash, Offset (341) (3)
Net Derivative Positions 38 46
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 (864) (165)
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    
Derivatives, Fair Value [Line Items]    
Derivative Asset, Fair Value, Gross Asset Including Not Subject to Master Netting Arrangement (10) (10)
Current Assets | Derivatives not designated as hedges | Foreign exchange    
Derivatives, Fair Value [Line Items]    
Derivative Asset, Fair Value, Gross Asset Including Not Subject to Master Netting Arrangement (336) (183)
Current Assets | Derivatives not designated as hedges | Other    
Derivatives, Fair Value [Line Items]    
Derivative Asset, Fair Value, Gross Asset Including Not Subject to Master Netting Arrangement 0 (8)
Other Assets    
Derivatives, Fair Value [Line Items]    
Derivative Asset, Fair Value, Gross Asset Including Not Subject to Master Netting Arrangement (1,034) (545)
Derivative Asset, Counterparty Netting Offset (715) (360)
Derivative Asset, Collateral, Obligation to Return Cash, Offset (151) (51)
Net Derivative Positions 168 134
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 (786) (240)
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 (1) (186)
Other Assets | Derivatives designated as hedges | Other    
Derivatives, Fair Value [Line Items]    
Derivative Asset, Fair Value, Gross Asset Including Not Subject to Master Netting Arrangement 0 0
Other Assets | Derivatives not designated as hedges | Foreign exchange    
Derivatives, Fair Value [Line Items]    
Derivative Asset, Fair Value, Gross Asset Including Not Subject to Master Netting Arrangement (247) (119)
Other Assets | Derivatives not designated as hedges | Other    
Derivatives, Fair Value [Line Items]    
Derivative Asset, Fair Value, Gross Asset Including Not Subject to Master Netting Arrangement 0 0
Other Current Liabilities    
Derivatives, Fair Value [Line Items]    
Derivative Liability, Fair Value, Gross Liability Including Not Subject to Master Netting Arrangement (2,416) (617)
Derivative Liability, Counterparty Netting Offset 1,070 460
Derivative Liability, Collateral, Right to Reclaim Cash, Offset 1,282 157
Net Derivative Positions (64) 0
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 (228) (122)
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 (1,783) (287)
Other Current Liabilities | Derivatives designated as hedges | Other    
Derivatives, Fair Value [Line Items]    
Derivative Liability, Fair Value, Gross Liability Including Not Subject to Master Netting Arrangement (4) 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 (374) (208)
Other Current Liabilities | Derivatives not designated as hedges | Other    
Derivatives, Fair Value [Line Items]    
Derivative Liability, Fair Value, Gross Liability Including Not Subject to Master Netting Arrangement (27) 0
Other Long-Term Liabilities    
Derivatives, Fair Value [Line Items]    
Derivative Liability, Fair Value, Gross Liability Including Not Subject to Master Netting Arrangement (637) (288)
Derivative Liability, Counterparty Netting Offset 476 201
Derivative Liability, Collateral, Right to Reclaim Cash, Offset 96 73
Net Derivative Positions (65) (14)
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 (350) (83)
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    
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 (287) (205)
Other Long-Term Liabilities | Derivatives not designated as hedges | Other    
Derivatives, Fair Value [Line Items]    
Derivative Liability, Fair Value, Gross Liability Including Not Subject to Master Netting Arrangement $ 0 $ 0
v3.22.2.2
Derivative Instruments - Carrying Amount and Cumulative Basis Adjustment for Fair Value Hedges (Details) - USD ($)
$ in Millions
Oct. 01, 2022
Oct. 02, 2021
Derivative Instruments and Hedging Activities Disclosures [Line Items]    
Hedged Liability, Fair Value Hedge $ 13,355 $ 15,641
Hedged Liability, Fair Value Hedge, Cumulative Increase (Decrease) (1,736) (98)
Current Portion of Borrowings    
Derivative Instruments and Hedging Activities Disclosures [Line Items]    
Hedged Liability, Fair Value Hedge 997 505
Hedged Liability, Fair Value Hedge, Cumulative Increase (Decrease) (3) 5
Long-term Portion of Borrowings    
Derivative Instruments and Hedging Activities Disclosures [Line Items]    
Hedged Liability, Fair Value Hedge 12,358 15,136
Hedged Liability, Fair Value Hedge, Cumulative Increase (Decrease) $ (1,733) $ (103)
v3.22.2.2
Derivative Instruments - Adjustments Related to Fair Value Hedges included in Net Interest Expense in Consolidated Statements of Income (Detail) - Interest rate - Interest expense, net - USD ($)
$ in Millions
 12 Months Ended
Oct. 01, 2022
Oct. 02, 2021
Oct. 03, 2020
Derivative Instruments, Gain (Loss) [Line Items]      
Pay-floating swaps $ (1,635) $ (603) $ 479
Borrowings hedged with pay-floating swaps 1,635 603 (479)
Gain (Loss) on Derivative Instruments, Net, Pretax $ 31 $ 143 $ 28
v3.22.2.2
Derivative Instruments - Effect of foreign Currency Cash Flow Hedges on AOCI (Details) - USD ($)
$ in Millions
 12 Months Ended
Oct. 01, 2022
Oct. 02, 2021
Oct. 03, 2020
Foreign Currency Fair Value Hedge Derivative [Line Items]      
Unrealized Gain (Loss) on Foreign Currency Derivatives, Net, before Tax $ 1,093 $ 61 $ (63)
Foreign Currency Cash Flow Hedge Gain (Loss) Reclassified to Earnings, Net [1] $ 116 $ 24 $ 269
[1] Primarily recorded in revenue.
v3.22.2.2
Adjustments Related to Cross Currency Swap Hedges Included in Net Interest Expense in Condensed Consolidated Statements of Income (Details) - Interest expense, net - USD ($)
$ in Millions
 12 Months Ended
Oct. 01, 2022
Oct. 02, 2021
Oct. 03, 2020
Currency Swap      
Derivative Instruments, Gain (Loss) [Line Items]      
Pay-floating swaps $ (84) $ 47 $ 53
Borrowings hedged with cross currency swaps      
Derivative Instruments, Gain (Loss) [Line Items]      
Pay-floating swaps $ 84 $ (47) $ (53)
v3.22.2.2
Derivative Instruments - Net Gains or Losses Recognized in Costs and Expenses on Economic Exposures Associated with Foreign Currency Exchange Rates (Detail) - USD ($)
$ in Millions
 12 Months Ended
Oct. 01, 2022
Oct. 02, 2021
Oct. 03, 2020
Costs and Expenses      
Derivative [Line Items]      
Net gains (losses) on foreign currency denominated assets and liabilities $ (685) $ (30) $ 10
Net gains (losses) on foreign exchange risk management contracts not designated as hedges 547 (83) (56)
Net gains (losses) (138) (113) (46)
Interest expense, net      
Derivative [Line Items]      
Net gains (losses) on foreign currency denominated assets and liabilities 82 (47) 1
Net gains (losses) on foreign exchange risk management contracts not designated as hedges (82) 47 0
Net gains (losses) 0 0 1
Income Taxes      
Derivative [Line Items]      
Net gains (losses) on foreign currency denominated assets and liabilities 212 (7) (35)
Net gains (losses) on foreign exchange risk management contracts not designated as hedges (208) 2 33
Net gains (losses) $ 4 $ (5) $ (2)
v3.22.2.2
Derivative Instruments - Additional Information (Detail)
$ in Millions, $ in Millions
 12 Months Ended
Oct. 01, 2022
USD ($)
Oct. 01, 2022
CAD ($)
Oct. 02, 2021
USD ($)
Oct. 02, 2021
CAD ($)
Derivative [Line Items]        
Hedged Instruments Maturity Upper Limit 4 years      
Net deferred loss recorded in AOCI for contracts that will be reclassified to earnings in the next twelve months $ 704      
Aggregate fair value of derivative instruments with credit-risk-related contingent features in a net liability position by counterparty 1,507   $ 244  
Derivatives designated as hedges | Interest rate | Fair Value Hedging        
Derivative [Line Items]        
Derivative, Notional Amount 14,500   15,100  
Derivatives designated as hedges | Foreign exchange | Cash Flow Hedging        
Derivative [Line Items]        
Derivative, Notional Amount 7,400   6,900  
Derivatives designated as hedges | Currency Swap | Fair Value Hedging        
Derivative [Line Items]        
Derivative, Notional Amount 900 $ 1,300 1,000 $ 1,300
Derivatives not designated as hedges | Foreign exchange        
Derivative [Line Items]        
Derivative, Notional Amount 3,800   3,500  
Derivatives not designated as hedges | Other        
Derivative [Line Items]        
Derivative, Notional Amount $ 400   $ 400  
v3.22.2.2
Restructuring and Impairment Charges Restructuring Reserves (Details) - TFCF Integration - USD ($)
$ in Millions
 12 Months Ended
Oct. 02, 2021
Oct. 03, 2020
Restructuring Cost and Reserve [Line Items]    
Beginning Balance $ 357 $ 676
Restructuring Charges 44 453
Payments for Restructuring (351) (772)
Ending Balance $ 50 $ 357
v3.22.2.2
Restructuring and Impairment Charges - Additional Information (Detail) - USD ($)
$ in Millions
 12 Months Ended
Oct. 01, 2022
Oct. 02, 2021
Oct. 03, 2020
Restructuring Cost and Reserve [Line Items]      
Impairment of Intangible Assets (Excluding Goodwill) $ 200 $ 300 $ 5,200
Restructuring and impairment charges 237 654 5,735
Restricted Stock or Unit Expense 889 505 424
Asset Impairment Charges 200    
International Channels      
Restructuring Cost and Reserve [Line Items]      
Goodwill, Impairment Loss     3,100
Distribution Rights | International Channels      
Restructuring Cost and Reserve [Line Items]      
Impairment of Intangible Assets (Excluding Goodwill)     1,900
Distribution Rights | International Channels in Latin America and India      
Restructuring Cost and Reserve [Line Items]      
Finite-Lived Intangible Assets, Gross 1,600    
Closure of Animation Studio and Retail Stores      
Restructuring Cost and Reserve [Line Items]      
Restructuring and impairment charges   $ 600  
COVID-19 Restructuring      
Restructuring Cost and Reserve [Line Items]      
Restructuring and impairment charges     $ 300
TFCF | TFCF Integration      
Restructuring Cost and Reserve [Line Items]      
Restructuring and impairment charges 1,800    
TFCF | TFCF Integration | Vest Upon Acquisition      
Restructuring Cost and Reserve [Line Items]      
Restricted Stock or Unit Expense 300    
TFCF | TFCF Integration | Employee Severance      
Restructuring Cost and Reserve [Line Items]      
Restructuring and impairment charges $ 1,400