Disney Results Presentation Deck

The following table reconciles the Company's consolidated cash provided by continuing operations to free cash flow: Reconciliation of Free Cash Flow (In Millions) Cash provided by operations - continuing operations Investments in parks, resorts and other property Free cash flow ⒸDisney Oct. 3, 2015 Oct. 1, 2016 Sept. 30, Sept. 29, 2017 2018 (4,265) (4,773) (3,623) Year Ended 10,909 13,136 12,343 14,295 5,984 Sept. 28, 2019 6,644 8,363 8,720 9,830 (4,465) (4,876) 1,108 Oct. 3, 2020 7,616 Oct. 2, 2021 5,566 Oct. 1, 2022 3,594 1,988 6,002 (4,022) (3,578) (4,943) Sept. 30, 2023 9,866 (4,969) 1,059 4,897 Fourth Fiscal Quarter Ended September 30, 2023 25

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