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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Jun. 29, 2024
Jul. 01, 2023
Jun. 29, 2024
Jul. 01, 2023
Revenues $ 23,155 $ 22,330 $ 68,787 $ 67,657 Close
Selling, general, administrative and other (3,872) (3,874) (11,445) (11,315)
Depreciation and amortization (1,220) (1,344) (3,705) (3,960)
Total costs and expenses (19,801) (19,689) (59,618) (60,748) Close
Restructuring and impairment charges [1] 0 (2,650) (2,052) (2,871) Close
Other income (expense), net [2] (65) (11) (65) 96 Close
Interest expense, net (342) (305) (899) (927) Close
Equity in the income of investees 146 191 468 555 Close
Total Other Income Expenses -261.0 -2775.0 -2548.0 -3147.0 0 Close
Income (loss) before income taxes 3,093 (134) 6,621 3,762 CloseClose
Income taxes (251) (19) (1,412) (1,066) Close
Net income (loss) 2,842 (153) 5,209 2,696 Close
Net income attributable to noncontrolling interests 221 307 697 606
Net income (loss) attributable to The Walt Disney Company (Disney) $ 2,621 $ (460) $ 4,512 $ 2,090
Earnings (Loss) Per Share [Abstract]        
Diluted $ 1.43 $ (0.25) $ 2.46 $ 1.14
Basic $ 1.44 $ (0.25) $ 2.47 $ 1.14
Weighted average number of common and common equivalent shares outstanding:        
Diluted (shares) 1,829 1,829 1,835 1,829
Basic (shares) 1,821 1,829 1,829 1,827
Service        
Revenues $ 20,836 $ 20,008 $ 61,568 $ 60,591
Cost of Goods and Services Sold (13,236) (12,974) (39,821) (40,915)
Product        
Revenues 2,319 2,322 7,219 7,066
Cost of Goods and Services Sold $ (1,473) $ (1,497) $ (4,647) $ (4,558)
[1] See Note 16 for a discussion of amounts in restructuring and impairment charges.
[2] “Other income (expense), net” for the quarter and nine months ended June 29, 2024 reflected a charge of $65 million related to a legal ruling. In the prior-year quarter and nine months ended July 1, 2023, the Company recognized a gain of $90 million and $169 million, respectively, on its investment in DraftKings, Inc. (DraftKings Gain), which was sold in the prior-year quarter. “Other income (expense), net” for the prior-year quarter and nine months ended July 1, 2023 also included a charge of $101 million related to a legal ruling.