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Segment Information
 12 Months Ended
Sep. 30, 2021
Segment Reporting [Abstract]  
Segment Information Segment Information
As discussed more fully in Note 1, based on the nature of its products and services, the Company classifies its business interests into two fundamental operations: Recorded Music and Music Publishing, which also represent the reportable segments of the Company. Information as to each of these operations is set forth below. The Company evaluates performance based on several factors, of which the primary financial measure is operating income (loss) before non-cash depreciation of tangible assets and non-cash amortization of intangible assets (“OIBDA”). The Company has supplemented its analysis of OIBDA results by segment with an analysis of operating income (loss) by segment.
The accounting policies of the Company’s business segments are the same as those described in the summary of significant accounting policies included elsewhere herein. The Company accounts for intersegment sales at fair value as if the sales were to third parties. While intercompany transactions are treated like third-party transactions to determine segment performance, the revenues (and corresponding expenses recognized by the segment that is counterparty to the transaction) are eliminated in consolidation, and therefore, do not themselves impact consolidated results.
Recorded
Music		Music
Publishing		Corporate
expenses and
eliminations		Total
(in millions)
2021
Revenues$4,544 $761 $(4)$5,301 
Operating income (loss)733 89 (213)609 
Amortization of intangible assets150 79 — 229 
Depreciation of property, plant and equipment53 6 18 77 
OIBDA936 174 (195)915 
Total assets3,278 2,843 1,090 7,211 
Capital expenditures33 1 59 93 
2020
Revenues$3,810 $657 $(4)$4,463 
Operating income (loss)175 81 (485)(229)
Amortization of intangible assets119 71 — 190 
Depreciation of property, plant and equipment55 5 11 71 
OIBDA349 157 (474)32 
Total assets2,483 2,656 1,271 6,410 
Capital expenditures28 1 56 85 
2019
Revenues$3,840 $643 $(8)$4,475 
Operating income (loss)439 92 (175)356 
Amortization of intangible assets139 69 — 208 
Depreciation of property, plant and equipment45 5 11 61 
OIBDA623 166 (164)625 
Capital expenditures29 3 72 104 
Revenues relating to operations in different geographical areas are set forth below for the fiscal years ended September 30, 2021, September 30, 2020 and September 30, 2019. Total long-lived assets relating to operations in different geographical areas, which consist of property, plant and equipment, net and operating lease right-of-use assets, net, are set forth below as of September 30, 2021 and September 30, 2020.
202120202019
RevenuesLong-lived AssetsRevenuesLong-lived AssetsRevenues
(in millions)
United States$2,363 $439 $1,934 $426 $1,956 
Germany662 52 511 43 504 
United Kingdom620 43 551 49 596 
All other territories1,656 98 1,467 86 1,419 
Total$5,301 $632 $4,463 $604 $4,475 
Customer Concentration
In the fiscal year ended September 30, 2021, the Company had three customers, Spotify, Apple and YouTube, that individually represented 10% or more of total revenues, whereby Spotify represented 18%, Apple represented 13% and YouTube represented 11% of total revenues. In the fiscal year ended September 30, 2020, the Company had two customers, Spotify and Apple, that individually represented 10% or more of total revenues, whereby Spotify represented 17% and Apple represented 14% of total revenues. In the fiscal year ended September 30, 2019, the Company had two customers, Spotify and Apple, that individually represented 10% or more of total revenues, whereby Spotify represented 14% and Apple represented 13% of total revenues. These customers’ revenues are included in both the Company’s Recorded Music and Music Publishing segments and the Company expects that the Company’s license agreements with these customers will be renewed in the normal course of business.