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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Dec. 31, 2020
Sep. 30, 2020
Current assets:    
Cash and equivalents $ 566 $ 553
Accounts receivable, net of allowances of $24 million and $23 million 884 771
Inventories 71 79
Royalty advances expected to be recouped within one year 246 220
Prepaid and other current assets 61 55
Total current assets 1,828 1,678
Royalty advances expected to be recouped after one year 307 269
Property, plant and equipment, net 334 331
Operating lease right-of-use assets, net 275 273
Goodwill 1,851 1,831
Intangible assets subject to amortization, net 1,968 1,653
Intangible assets not subject to amortization 156 154
Deferred tax assets, net 62 68
Other assets 162 153
Total assets 6,943 6,410
Current liabilities:    
Accounts payable 214 264
Accrued royalties 1,722 1,628
Accrued liabilities 414 382
Accrued interest 36 30
Operating lease liabilities, current 41 39
Deferred revenue 326 297
Other current liabilities 137 80
Total current liabilities 2,890 2,720
Long-term debt 3,387 3,104
Operating lease liabilities, noncurrent 298 299
Deferred tax liabilities, net 166 163
Other noncurrent liabilities 169 169
Total liabilities 6,910 6,455
Deficit:    
Additional paid-in capital 1,913 1,907
Accumulated deficit (1,713) (1,749)
Accumulated other comprehensive loss, net (185) (222)
Total Warner Music Group Corp. equity (deficit) 16 (63)
Noncontrolling interest 17 18
Total equity (deficit) 33 (45)
Total liabilities and equity (deficit) 6,943 6,410
Class A Common Stock    
Deficit:    
Common stock 0 0
Class B Common Stock    
Deficit:    
Common stock $ 1 $ 1