The transmission consists of a hydro bolted to a differential. Two different units and two different oil cavities. If the tractor just freewheels and you have no brakes, check to make sure someone didnt remove a rear wheel and forget to put the axle key back in! If the keys are there, then most likely the axle gear at the differential stripped off the axle splines. Therefore your differential isn't turning, which would in turn rotate the shaft that the brake disc is mounted to. A lot of folks forget to check the differential gear oil and it runs dry, which destroys the internal parts. Or they pull the drain plug under the tractor thinking they're draining the hydro, when in fact, they've only drained the differential, and then they forget to refill it. Everyone checks the oil under the seat, which is for the hydro ONLY. The differential oil is checked via a pipe plug under the tractor. All these scenarios were quite common back in the day when we used to get a lot of these in the shop. Hope this helps!