| | | | | | | | | | | |
| September 27,
2025 | | September 28,
2024 |
| ASSETS | | | |
| Current assets | | | |
| Cash and cash equivalents | $ | 5,695 | | | $ | 6,002 | |
| Receivables, net | 13,217 | | | 12,729 | |
| Inventories | 2,134 | | | 2,022 | |
| Content advances | 2,063 | | | 2,097 | |
| | | |
| Other current assets | 1,158 | | | 2,391 | |
| | | |
| Total current assets | 24,267 | | | 25,241 | |
| Produced and licensed content costs | 31,327 | | | 32,312 | |
| Investments | 8,097 | | | 4,459 | |
| Parks, resorts and other property | | | |
| Attractions, buildings and equipment | 82,041 | | | 76,674 | |
| Accumulated depreciation | (48,889) | | | (45,506) | |
| 33,152 | | | 31,168 | |
| Projects in progress | 6,911 | | | 4,728 | |
| Land | 1,192 | | | 1,145 | |
| 41,255 | | | 37,041 | |
| Intangible assets, net | 9,272 | | | 10,739 | |
| Goodwill | 73,294 | | | 73,326 | |
| | | |
| Other assets | 10,002 | | | 13,101 | |
| Total assets | $ | 197,514 | | | $ | 196,219 | |
| | | |
| LIABILITIES AND EQUITY | | | |
| Current liabilities | | | |
| Accounts payable and other accrued liabilities | $ | 21,203 | | | $ | 21,070 | |
| Current portion of borrowings | 6,711 | | | 6,845 | |
| Deferred revenue and other | 6,248 | | | 6,684 | |
| | | |
| Total current liabilities | 34,162 | | | 34,599 | |
| Borrowings | 35,315 | | | 38,970 | |
| Deferred income taxes | 3,524 | | | 6,277 | |
| | | |
| Other long-term liabilities | 9,901 | | | 10,851 | |
Commitments and contingencies (Note 14) | | | |
| | | |
| Equity | | | |
Preferred stock | — | | | — | |
Common stock, $0.01 par value, Authorized – 4.6 billion shares, Issued – 1.9 billion shares | 59,814 | | | 58,592 | |
| Retained earnings | 60,410 | | | 49,722 | |
| Accumulated other comprehensive loss | (2,914) | | | (3,699) | |
Treasury stock, at cost, 79 million shares at September 27, 2025 and 47 million shares at September 28, 2024 | (7,441) | | | (3,919) | |
| Total Disney Shareholders’ equity | 109,869 | | | 100,696 | |
| Noncontrolling interests | 4,743 | | | 4,826 | |
| Total equity | 114,612 | | | 105,522 | |
| Total liabilities and equity | $ | 197,514 | | | $ | 196,219 | |
