v3.25.0.1
Income Taxes - Deferred Tax Assets and Liabilities (Details) - USD ($)
$ in Millions
Dec. 28, 2024
Sep. 28, 2024
Deferred Tax Assets    
Net Operating Losses and Tax Credit Carryforwards [1] $ (3,176) $ (3,444)
Accrued Liabilities (1,173) (1,199)
Lease Liabilities (845) (862)
Licensing Revenues (119) (130)
Other (489) (655)
Deferred Tax Assets, Gross (5,802) (6,290)
Deferred Tax Liabilities    
Depreciable, amortizable and other property 6,128 6,584
Investment in U.S. entities [2] 1,068 1,102
Right-of-Use Assets 677 692
Investment in foreign entities 727 465
Other 66 78
Deferred Tax Liabilities, Gross 8,666 8,921
Net deferred tax liability before valuation allowance 2,864 2,631
Valuation Allowance 2,898 2,991
Net Deferred Deferred Tax Liabilities $ 5,762 $ 5,622
[1] Further details on our net operating losses and tax credit carryforwards are as follows:
December 28, 2024
International Theme Park net operating losses
$(1,424) 
U.S. foreign tax credits(810) 
State net operating losses and tax credit carryforwards(563) 
Other(379) 
Total net operating losses and tax credit carryforwards(a)
$(3,176) 
(a)    Approximately $2.0 billion of these carryforwards do not expire. Approximately $1.1 billion expire between fiscal 2026 and fiscal 2035, primarily consisting of U.S. foreign tax credits.
[2] Amounts are, in part, due to the tax status of these entities and if the tax status of certain legal entities changes, a significant portion of this balance may reverse.