Noncontrolling Interests
| Quarter Ended | |||||||||||
| April 1, | April 2, | ||||||||||
| (in millions) | 2017 | 2016 | Change | ||||||||
| Net income attributable to noncontrolling interests | $ | 151 | $ | 133 | (14 |
)% |
|||||
The increase in net income attributable to noncontrolling interests for the quarter was driven by an improvement at Shanghai Disney Resort and the impact of the Company’s increased ownership interest in Disneyland Paris, partially offset by the impact of lower net income at ESPN.
Net income attributable to noncontrolling interests is determined on income after royalties and management fees, financing costs and income taxes.
Cash Flow
Cash provided by operations and free cash flow were as follows (in millions):
| Six Months Ended | ||||||||||||
| April 1, | April 2, | |||||||||||
| 2017 | 2016 | Change | ||||||||||
| Cash provided by operations | $ | 4,698 | $ | 5,985 | $ | (1,287 | ) | |||||
| Investments in parks, resorts and other property | (1,923 | ) | (2,556 | ) | 633 | |||||||
| Free cash flow (1) | $ | 2,775 | $ | 3,429 | $ | (654 | ) | |||||
| (1) | Free cash flow is not a financial measure defined by GAAP. See the discussion on pages 7 through 9. | |
