v3.25.1
Income Taxes (Tables)
 6 Months Ended
Mar. 29, 2025
Income Tax Disclosure [Abstract]  
Schedule of Deferred Tax Assets and Liabilities The Company’s deferred tax assets and liabilities by major category as of March 29, 2025 and September 28, 2024 were as follows:
March 29,
2025		September 28,
2024
Deferred tax assets
Net operating losses and tax credit carryforwards(1)
$(3,230) $(3,444) 
Accrued liabilities(1,033) (1,199) 
Lease liabilities(827) (862) 
Licensing revenues(109) (130) 
Other(512) (655) 
Total deferred tax assets(5,711) (6,290) 
Deferred tax liabilities
Depreciable, amortizable and other property5,965  6,584  
Investment in U.S. entities(2)
1,037  1,102  
Investment in foreign entities759  465  
Right-of-use lease assets
662  692  
Other70  78  
Total deferred tax liabilities8,493  8,921  
Net deferred tax liability before valuation allowance2,782  2,631  
Valuation allowance2,948  2,991  
Net deferred tax liability
$5,730  $5,622  
(1)Further details on our net operating losses and tax credit carryforwards are as follows:
March 29, 2025
International Theme Park net operating losses
$(1,441) 
U.S. foreign tax credits(836) 
State net operating losses and tax credit carryforwards(602) 
Other(351) 
Total net operating losses and tax credit carryforwards(a)
$(3,230) 
(a)    Approximately $2.0 billion of these carryforwards do not expire. Approximately $1.1 billion expire between fiscal 2026 and fiscal 2035, primarily related to U.S. foreign tax credits.
(2)Amounts are, in part, due to the tax status of these entities. In the third quarter of the current fiscal year, the Company expects to complete the acquisition of NBCU’s interest in Hulu. Concurrently, Hulu’s partnership tax status will terminate, and, as a result, the Company expects to recognize a non-cash tax benefit of approximately $3.3 billion.
Summary of Net Operating Loss and Tax Credit Carryforwards Further details on our net operating losses and tax credit carryforwards are as follows:
March 29, 2025
International Theme Park net operating losses
$(1,441) 
U.S. foreign tax credits(836) 
State net operating losses and tax credit carryforwards(602) 
Other(351) 
Total net operating losses and tax credit carryforwards(a)
$(3,230) 
(a)    Approximately $2.0 billion of these carryforwards do not expire. Approximately $1.1 billion expire between fiscal 2026 and fiscal 2035, primarily related to U.S. foreign tax credits.