Capital Expenditures and Depreciation Expense
Investments in parks, resorts and other property were as follows (in millions):
|Total Media Networks||255||307|
|Parks and Resorts|
|Total Parks and Resorts||2,883||2,723|
|Total investments in parks, resorts and other property||$||3,784||$||3,559|
Capital expenditures increased from $3.6 billion to $3.8 billion driven by an increase at Corporate due to investments in facilities and information technology infrastructure and an increase at Parks and Resorts driven by resort expansion and new guest offerings at Walt Disney World Resort and construction costs at Shanghai Disney Resort, partially offset by reduced expenditures at Disneyland Resort.