Disney Results Presentation Deck

Reconciliation of Total Segment Operating Income for Q4 & FY23 The following table reconciles 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 Corporate and unallocated shared expenses Restructuring and impairment charges and A+E gain 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 ⒸDisney Quarter Ended Sept. 30, 2023 $1,007 293 965 282 (In Millions) 429 $2,976 Oct. 1, 2022 $376 334 (63) 371 579 $1,597 Change >100% nm 12% nm (100 %) 24% 26% 86% Year Ended Sept. 30, 2023 $4,769 1,147 3,836 (96) 1,209 1,998 $12,863 Oct. 1, 2022 $5,285 1,023 1,159 237 667 1,397 2,353 $12,121 Change (10 %) 100 % 1% >(100 %) nm 13% 15 % 6% Fourth Fiscal Quarter Ended September 30, 2023 21

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