54 Preferredstockshouldreallynotbetreatedasdebt.Inthis
case,though,theamountofpreferredstockissosmallthat
we have included it as part of debt for Disney.
55 Disney reports total commitments of $1,033 million
beyondyear6.Usingtheaveragecommitmentfromyear 1
through 5 as an indicator, we assumed that this total
commitmentwouldtaketheformofan annuityof$258.25
million a year for four years.