This excerpt taken from the DIS 10-K filed Dec 2, 2009.
The following dispositions occurred during fiscal 2009, 2008 and 2007:
These gains are reported in Other income (expense) in the Consolidated Statements of Income.
This excerpt taken from the DIS 10-K filed Nov 22, 2006.
The following disposals occurred during fiscal 2006 and fiscal 2005:
These gains were reported in Gains on sale of equity investment and businesses in the Consolidated Statements of Income.
Effective November 21, 2004, the Company sold substantially all of The Disney Store chain in North America under a long-term licensing arrangement to a wholly-owned subsidiary of The Childrens Place (TCP). The Company received $100 million for the working capital transferred to the buyer at the closing of the transaction. During fiscal 2005, the Company recorded a loss on the working capital that was transferred to the buyer and additional restructuring and impairment charges related to the sale (primarily for employee retention and severance and lease termination costs) totaling $32 million. Pursuant to the terms of sale, The Disney Store North America retained its lease obligations related to the stores transferred to the buyer and became a wholly owned subsidiary of TCP. TCP is required to pay the Company a royalty on substantially all of the physical retail store sales beginning on the second anniversary of the closing date of the sale.
During the year ended September 30, 2004, the Company recorded $64 million of restructuring and impairment charges related to The Disney Store. The bulk of these charges were impairments of the carrying value of fixed assets related to the stores to be sold.