DIS · 10-Q · 2026Q2 · Full report

Restructuring and Impairment Charges

Walt Disney Co · 2026-08-05 · Importance 65 · Surprise 82 · Matches filing data

Disney recorded $900 million of restructuring and impairment charges in the quarter ended June 27, 2026, compared with $185 million in the prior-year quarter. The quarterly charges included an $812 million impairment of the A+E investment and $88 million of severance. Nine-month charges totaled $1.139 billion, including $959 million of A+E investment impairments and $180 million of severance, compared with $437 million in the prior-year period. The nine-month charges reduced after-tax income by $942 million and diluted EPS by $0.53.

Key facts

• Restructuring and impairment charges in the current quarter: $900 million (including $812 million impairment of A+E and $88 million severance) source
• Nine months restructuring and impairment charges totaled $1,139 million for impairments of A+E and $180 million for severance (total $1,139 million referenced for impairments and $180 million severance separately in period) source
• Charges impacting EPS in the quarter ended June 27, 2026: restructuring and impairment charges pre-tax $(900) million resulting in after-tax $(725) million and EPS adverse $(0.41); acquisition amortization pre-tax $(334) million after-tax $(258) million and EPS adverse $(0.13); total EPS adverse $(0.55) source
• Restructuring and impairment charges in prior-year quarter: $185 million primarily for impairment of investment in Tata Play Limited source

Impact estimates