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 28, 2024	Sep 30, 2023	Oct 1, 2022	Oct 2, 2021	Oct 3, 2020	Sep 28, 2019
Attractions, buildings and improvements	39,246)	35,255)	33,795)	32,765)	31,279)	29,509)
Furniture, fixtures and equipment	28,279)	26,358)	24,409)	24,008)	22,976)	21,265)
Land improvements	8,067)	7,419)	7,757)	7,061)	6,828)	6,649)
Leasehold improvements	1,082)	1,058)	1,037)	1,058)	1,028)	1,166)
Projects in progress	4,728)	6,285)	4,814)	4,521)	4,449)	4,264)
Land	1,145)	1,176)	1,140)	1,131)	1,035)	1,165)
Parks, resorts and other property, at cost	82,547)	77,551)	72,952)	70,544)	67,595)	64,018)
Accumulated depreciation	(45,506)	(42,610)	(39,356)	(37,920)	(35,517)	(32,415)
Parks, resorts and other property, net	37,041)	34,941)	33,596)	32,624)	32,078)	31,603)

Based on: 10-K (reporting date: 2024-09-28), 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).

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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 2022 to 2023 and from 2023 to 2024.
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 2022 to 2023 and from 2023 to 2024.

Walt Disney Co., asset age ratios

	Sep 28, 2024	Sep 30, 2023	Oct 1, 2022	Oct 2, 2021	Oct 3, 2020	Sep 28, 2019
Average age ratio	55.90%	55.79%	54.80%	54.63%	53.36%	51.57%
Estimated total useful life (years)	24	21	23	23	21	22
Estimated age, time elapsed since purchase (years)	13	12	12	12	11	11
Estimated remaining life (years)	10	9	10	10	10	11

Based on: 10-K (reporting date: 2024-09-28), 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).

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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 2022 to 2023 and from 2023 to 2024.
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 2022 to 2023 but then increased from 2023 to 2024 exceeding 2022 level.
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 improved from 2022 to 2023 but then deteriorated significantly from 2023 to 2024.
Estimated remaining life		Walt Disney Co. estimated remaining life of depreciable property, plant and equipment decreased from 2022 to 2023 but then increased from 2023 to 2024 exceeding 2022 level.

	Sep 28, 2024	Sep 30, 2023	Oct 1, 2022	Oct 2, 2021	Oct 3, 2020	Sep 28, 2019
Selected Financial Data (US$ in millions)
Accumulated depreciation	45,506)	42,610)	39,356)	37,920)	35,517)	32,415)
Parks, resorts and other property, at cost	82,547)	77,551)	72,952)	70,544)	67,595)	64,018)
Land	1,145)	1,176)	1,140)	1,131)	1,035)	1,165)
Asset Age Ratio
Average age¹	55.90%	55.79%	54.80%	54.63%	53.36%	51.57%

Based on: 10-K (reporting date: 2024-09-28), 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).

2024 Calculations

¹ Average age = 100 × Accumulated depreciation ÷ (Parks, resorts and other property, at cost – Land)
= 100 × 45,506 ÷ (82,547 – 1,145) = 55.90%

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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 2022 to 2023 and from 2023 to 2024.

	Sep 28, 2024	Sep 30, 2023	Oct 1, 2022	Oct 2, 2021	Oct 3, 2020	Sep 28, 2019
Selected Financial Data (US$ in millions)
Parks, resorts and other property, at cost	82,547)	77,551)	72,952)	70,544)	67,595)	64,018)
Land	1,145)	1,176)	1,140)	1,131)	1,035)	1,165)
Depreciation expense	3,434)	3,626)	3,183)	3,068)	3,140)	2,837)
Asset Age Ratio (Years)
Estimated total useful life¹	24	21	23	23	21	22

Based on: 10-K (reporting date: 2024-09-28), 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).

2024 Calculations

¹ Estimated total useful life = (Parks, resorts and other property, at cost – Land) ÷ Depreciation expense
= (82,547 – 1,145) ÷ 3,434 = 24

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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 2022 to 2023 but then increased from 2023 to 2024 exceeding 2022 level.

	Sep 28, 2024	Sep 30, 2023	Oct 1, 2022	Oct 2, 2021	Oct 3, 2020	Sep 28, 2019
Selected Financial Data (US$ in millions)
Accumulated depreciation	45,506)	42,610)	39,356)	37,920)	35,517)	32,415)
Depreciation expense	3,434)	3,626)	3,183)	3,068)	3,140)	2,837)
Asset Age Ratio (Years)
Time elapsed since purchase¹	13	12	12	12	11	11

Based on: 10-K (reporting date: 2024-09-28), 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).

2024 Calculations

¹ Time elapsed since purchase = Accumulated depreciation ÷ Depreciation expense
= 45,506 ÷ 3,434 = 13

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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 improved from 2022 to 2023 but then deteriorated significantly from 2023 to 2024.

	Sep 28, 2024	Sep 30, 2023	Oct 1, 2022	Oct 2, 2021	Oct 3, 2020	Sep 28, 2019
Selected Financial Data (US$ in millions)
Parks, resorts and other property, net	37,041)	34,941)	33,596)	32,624)	32,078)	31,603)
Land	1,145)	1,176)	1,140)	1,131)	1,035)	1,165)
Depreciation expense	3,434)	3,626)	3,183)	3,068)	3,140)	2,837)
Asset Age Ratio (Years)
Estimated remaining life¹	10	9	10	10	10	11

Based on: 10-K (reporting date: 2024-09-28), 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).

2024 Calculations

¹ Estimated remaining life = (Parks, resorts and other property, net – Land) ÷ Depreciation expense
= (37,041 – 1,145) ÷ 3,434 = 10

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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 2022 to 2023 but then increased from 2023 to 2024 exceeding 2022 level.

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