Property, Plant and Equipment Disclosure
Asset Age Ratios (Summary)
Average Age
Estimated Total Useful Life
Estimated Age, Time Elapsed Since Purchase
Estimated Remaining Life

Walt Disney Co., balance sheet: property, plant and equipment

US$ in millions

	Sep 30, 2023	Oct 1, 2022	Oct 2, 2021	Oct 3, 2020	Sep 28, 2019	Sep 29, 2018
Attractions, buildings and improvements	35,255)	33,795)	32,765)	31,279)	29,509)	28,995)
Furniture, fixtures and equipment	26,358)	24,409)	24,008)	22,976)	21,265)	19,400)
Land improvements	7,419)	7,757)	7,061)	6,828)	6,649)	5,911)
Leasehold improvements	1,058)	1,037)	1,058)	1,028)	1,166)	932)
Projects in progress	6,285)	4,814)	4,521)	4,449)	4,264)	3,942)
Land	1,176)	1,140)	1,131)	1,035)	1,165)	1,124)
Parks, resorts and other property, at cost	77,551)	72,952)	70,544)	67,595)	64,018)	60,304)
Accumulated depreciation	(42,610)	(39,356)	(37,920)	(35,517)	(32,415)	(30,764)
Parks, resorts and other property, net	34,941)	33,596)	32,624)	32,078)	31,603)	29,540)

Based on: 10-K (reporting date: 2023-09-30), 10-K (reporting date: 2022-10-01), 10-K (reporting date: 2021-10-02), 10-K (reporting date: 2020-10-03), 10-K (reporting date: 2019-09-28), 10-K (reporting date: 2018-09-29).

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Item	Description	The company
Parks, resorts and other property, at cost	Amount before accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures.	Walt Disney Co. parks, resorts and other property, at cost increased from 2021 to 2022 and from 2022 to 2023.
Parks, resorts and other property, net	Amount after accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business to produce goods and services and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures.	Walt Disney Co. parks, resorts and other property, net increased from 2021 to 2022 and from 2022 to 2023.

Walt Disney Co., asset age ratios

	Sep 30, 2023	Oct 1, 2022	Oct 2, 2021	Oct 3, 2020	Sep 28, 2019	Sep 29, 2018
Average age ratio	55.79%	54.80%	54.63%	53.36%	51.57%	51.98%
Estimated total useful life (years)	21	23	23	21	22	21
Estimated age, time elapsed since purchase (years)	12	12	12	11	11	11
Estimated remaining life (years)	9	10	10	10	11	10

Based on: 10-K (reporting date: 2023-09-30), 10-K (reporting date: 2022-10-01), 10-K (reporting date: 2021-10-02), 10-K (reporting date: 2020-10-03), 10-K (reporting date: 2019-09-28), 10-K (reporting date: 2018-09-29).

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Asset age ratio	Description	The company
Average age ratio	As long as straight-line depreciation is used, this is an accurate estimate of asset age as a percentage of depreciable life. The relative age is a useful measure of whether the company fixed asset base is old or new. Newer assets are likely to be more efficient.	Walt Disney Co. average age ratio of depreciable property, plant and equipment deteriorated from 2021 to 2022 and from 2022 to 2023.
Estimated total useful life	Over longer time periods, this ratio is a useful measure of company depreciation policy and can be used for comparisons with competitors.	Walt Disney Co. estimated total useful life of depreciable property, plant and equipment decreased from 2021 to 2022 and from 2022 to 2023.
Estimated time elapsed since purchase	The approximate age in years of a company fixed assets. Useful for comparison purposes.	Walt Disney Co. estimated time elapsed since purchase of depreciable property, plant and equipment deteriorated from 2021 to 2022 but then improved from 2022 to 2023 exceeding 2021 level.
Estimated remaining life		Walt Disney Co. estimated remaining life of depreciable property, plant and equipment decreased from 2021 to 2022 and from 2022 to 2023.

	Sep 30, 2023	Oct 1, 2022	Oct 2, 2021	Oct 3, 2020	Sep 28, 2019	Sep 29, 2018
Selected Financial Data (US$ in millions)
Accumulated depreciation	42,610)	39,356)	37,920)	35,517)	32,415)	30,764)
Parks, resorts and other property, at cost	77,551)	72,952)	70,544)	67,595)	64,018)	60,304)
Land	1,176)	1,140)	1,131)	1,035)	1,165)	1,124)
Asset Age Ratio
Average age¹	55.79%	54.80%	54.63%	53.36%	51.57%	51.98%

Based on: 10-K (reporting date: 2023-09-30), 10-K (reporting date: 2022-10-01), 10-K (reporting date: 2021-10-02), 10-K (reporting date: 2020-10-03), 10-K (reporting date: 2019-09-28), 10-K (reporting date: 2018-09-29).

2023 Calculations

¹ Average age = 100 × Accumulated depreciation ÷ (Parks, resorts and other property, at cost – Land)
= 100 × 42,610 ÷ (77,551 – 1,176) = 55.79%

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Asset age ratio	Description	The company
Average age	As long as straight-line depreciation is used, this is an accurate estimate of asset age as a percentage of depreciable life. The relative age is a useful measure of whether the company fixed asset base is old or new. Newer assets are likely to be more efficient.	Walt Disney Co. average age ratio of depreciable property, plant and equipment deteriorated from 2021 to 2022 and from 2022 to 2023.

	Sep 30, 2023	Oct 1, 2022	Oct 2, 2021	Oct 3, 2020	Sep 28, 2019	Sep 29, 2018
Selected Financial Data (US$ in millions)
Parks, resorts and other property, at cost	77,551)	72,952)	70,544)	67,595)	64,018)	60,304)
Land	1,176)	1,140)	1,131)	1,035)	1,165)	1,124)
Depreciation expense	3,626)	3,183)	3,068)	3,140)	2,837)	2,758)
Asset Age Ratio (Years)
Estimated total useful life¹	21	23	23	21	22	21

Based on: 10-K (reporting date: 2023-09-30), 10-K (reporting date: 2022-10-01), 10-K (reporting date: 2021-10-02), 10-K (reporting date: 2020-10-03), 10-K (reporting date: 2019-09-28), 10-K (reporting date: 2018-09-29).

2023 Calculations

¹ Estimated total useful life = (Parks, resorts and other property, at cost – Land) ÷ Depreciation expense
= (77,551 – 1,176) ÷ 3,626 = 21

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Asset age ratio	Description	The company
Estimated total useful life	Over longer time periods, this ratio is a useful measure of company depreciation policy and can be used for comparisons with competitors.	Walt Disney Co. estimated total useful life of depreciable property, plant and equipment decreased from 2021 to 2022 and from 2022 to 2023.

	Sep 30, 2023	Oct 1, 2022	Oct 2, 2021	Oct 3, 2020	Sep 28, 2019	Sep 29, 2018
Selected Financial Data (US$ in millions)
Accumulated depreciation	42,610)	39,356)	37,920)	35,517)	32,415)	30,764)
Depreciation expense	3,626)	3,183)	3,068)	3,140)	2,837)	2,758)
Asset Age Ratio (Years)
Time elapsed since purchase¹	12	12	12	11	11	11

Based on: 10-K (reporting date: 2023-09-30), 10-K (reporting date: 2022-10-01), 10-K (reporting date: 2021-10-02), 10-K (reporting date: 2020-10-03), 10-K (reporting date: 2019-09-28), 10-K (reporting date: 2018-09-29).

2023 Calculations

¹ Time elapsed since purchase = Accumulated depreciation ÷ Depreciation expense
= 42,610 ÷ 3,626 = 12

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Asset age ratio	Description	The company
Estimated time elapsed since purchase	The approximate age in years of a company fixed assets. Useful for comparison purposes.	Walt Disney Co. estimated time elapsed since purchase of depreciable property, plant and equipment deteriorated from 2021 to 2022 but then improved from 2022 to 2023 exceeding 2021 level.

	Sep 30, 2023	Oct 1, 2022	Oct 2, 2021	Oct 3, 2020	Sep 28, 2019	Sep 29, 2018
Selected Financial Data (US$ in millions)
Parks, resorts and other property, net	34,941)	33,596)	32,624)	32,078)	31,603)	29,540)
Land	1,176)	1,140)	1,131)	1,035)	1,165)	1,124)
Depreciation expense	3,626)	3,183)	3,068)	3,140)	2,837)	2,758)
Asset Age Ratio (Years)
Estimated remaining life¹	9	10	10	10	11	10

Based on: 10-K (reporting date: 2023-09-30), 10-K (reporting date: 2022-10-01), 10-K (reporting date: 2021-10-02), 10-K (reporting date: 2020-10-03), 10-K (reporting date: 2019-09-28), 10-K (reporting date: 2018-09-29).

2023 Calculations

¹ Estimated remaining life = (Parks, resorts and other property, net – Land) ÷ Depreciation expense
= (34,941 – 1,176) ÷ 3,626 = 9

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Asset age ratio	Description	The company
Estimated remaining life		Walt Disney Co. estimated remaining life of depreciable property, plant and equipment decreased from 2021 to 2022 and from 2022 to 2023.

Walt Disney Co. (NYSE:DIS)

Analysis of Property, Plant and Equipment

Property, Plant and Equipment Disclosure

Asset Age Ratios (Summary)

Average Age

Estimated Total Useful Life

Estimated Age, Time Elapsed since Purchase

Estimated Remaining Life