The Walt Disney Company Reports Second Quarter and Six Months Earnings for Fiscal 2017

Capital expenditures decreased by $633 million to $1.9 billion due to lower spending at Shanghai Disney Resort.

Depreciation expense was as follows (in millions):

 
Six Months Ended
April 1,   April 2,
2017 2016
Media Networks
Cable Networks $ 71 $ 74
Broadcasting 46   45
Total Media Networks 117   119
Parks and Resorts
Domestic 650 636
International 313   170
Total Parks and Resorts 963   806
Studio Entertainment 23 24
Consumer Products & Interactive Media 31 30
Corporate 129   124
Total depreciation expense $ 1,263   $ 1,103
 

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