Disney Results Presentation Deck
Total Segment Operating Income
(In millions)
The following are reconciliations of income from continuing operations before income taxes to total segment operating income (in millions):
Income from continuing operations before income taxes
Add (subtract):
Content license early termination (1)
Corporate and unallocated shared expenses
Restructuring and impairment charges
Other (income) expense, net
Interest expense, net
Amortization of TFCF and Hulu intangible assets and fair value
step-up on film and television costs
Total segment operating income
Quarter Ended
April 1, 2023
$2,123
279
152
(149)
322
558
$3,285
April 2, 2023
$1,102
1,023
272
195
158
355
594
$3,699
Change
93 %
100%
(3%)
(22%)
nm
9%
6%
(11%)
(1) In February 2022, the Company terminated certain license agreements with a customer for film and television content, which was delivered in previous years, in order for the Company to use the content primarily on our direct-toconsumer services
(Content License Early Termination).
ⒸDisney
Second Fiscal Quarter Ended April 1, 2023 15View entire presentation