XML 40 R28.htm IDEA: XBRL DOCUMENT
v3.22.0.1

Revenue Recognition (Tables) | 3 Months Ended
--- | ---
Dec. 31, 2021
Revenue from Contract with Customer [Abstract] |
Summary of Disaggregation of Revenue | The Company’s revenue consists of the following categories, which aggregate into the segments – Recorded Music and Music Publishing:
| Three Months Ended December 31, |  |
| 2021 |  | 2020 |  |  |  |
| (in millions)
Revenue by Type |  |  |  |  |  |  |
Digital | $ | 870 |  |  | $ | 727 |  |  |  |  |
Physical | 195 |  |  | 174 |  |  |  |  |
Total Digital and Physical | 1,065 |  |  | 901 |  |  |  |  |
Artist services and expanded-rights | 232 |  |  | 180 |  |  |  |  |
Licensing | 89 |  |  | 80 |  |  |  |  |
Total Recorded Music | 1,386 |  |  | 1,161 |  |  |  |  |
Performance | 38 |  |  | 30 |  |  |  |  |
Digital | 133 |  |  | 99 |  |  |  |  |
Mechanical | 14 |  |  | 11 |  |  |  |  |
Synchronization | 42 |  |  | 33 |  |  |  |  |
Other | 2 |  |  | 2 |  |  |  |  |
Total Music Publishing | 229 |  |  | 175 |  |  |  |  |
Intersegment eliminations | (1) |  |  | (1) |  |  |  |  |
Total Revenues | $ | 1,614 |  |  | $ | 1,335 |  |  |  |  |
Revenue by Geographical Location |  |  |  |  |  |  |
U.S. Recorded Music | $ | 608 |  |  | $ | 481 |  |  |  |  |
U.S. Music Publishing | 115 |  |  | 91 |  |  |  |  |
Total U.S. | 723 |  |  | 572 |  |  |  |  |
International Recorded Music | 778 |  |  | 680 |  |  |  |  |
International Music Publishing | 114 |  |  | 84 |  |  |  |  |
Total International | 892 |  |  | 764 |  |  |  |  |
Intersegment eliminations | (1) |  |  | (1) |  |  |  |  |
Total Revenues | $ | 1,614 |  |  | $ | 1,335 |  |  |  |  |
Summary of Revenues Expected to be Recognized in Future Related to Performance Obligations | Revenues expected to be recognized in the future related to performance obligations that are unsatisfied at December 31, 2021 are as follows:
| Rest of FY22 |  | FY23 |  | FY24 |  | Thereafter |  | Total
| (in millions)
Remaining performance obligations | $ | 341 |  |  | $ | 312 |  |  | $ | 121 |  |  | $ | 1 |  |  | $ | 775 |
Total | $ | 341 |  |  | $ | 312 |  |  | $ | 121 |  |  | $ | 1 |  |  | $ | 775 |

X
- Definition Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130545-203045 + Details
Name: | us-gaap_DisaggregationOfRevenueTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_RevenueFromContractWithCustomerAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of expected timing for satisfying remaining performance obligation. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 13 -Subparagraph (b)(1) -URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130556-203045 + Details
Name: | us-gaap_RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration