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v3.22.1

Revenue Recognition (Tables) | 6 Months Ended
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Mar. 31, 2022
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 March 31, |  | Six Months Ended March 31,
| 2022 |  | 2021 |  | 2022 |  | 2021
| (in millions)
Revenue by Type |  |  |  |  |  |  |
Digital | $ | 804 |  |  | $ | 756 |  |  | $ | 1,674 |  |  | $ | 1,483 |
Physical | 122 |  |  | 118 |  |  | 317 |  |  | 292 |
Total Digital and Physical | 926 |  |  | 874 |  |  | 1,991 |  |  | 1,775 |
Artist services and expanded-rights | 141 |  |  | 118 |  |  | 373 |  |  | 298 |
Licensing | 80 |  |  | 67 |  |  | 169 |  |  | 147 |
Total Recorded Music | 1,147 |  |  | 1,059 |  |  | 2,533 |  |  | 2,220 |
Performance | 36 |  |  | 35 |  |  | 74 |  |  | 65 |
Digital | 127 |  |  | 104 |  |  | 260 |  |  | 203 |
Mechanical | 13 |  |  | 12 |  |  | 27 |  |  | 23 |
Synchronization | 50 |  |  | 38 |  |  | 92 |  |  | 71 |
Other | 4 |  |  | 3 |  |  | 6 |  |  | 5 |
Total Music Publishing | 230 |  |  | 192 |  |  | 459 |  |  | 367 |
Intersegment eliminations | (1) |  |  | (1) |  |  | (2) |  |  | (2) |
Total Revenues | $ | 1,376 |  |  | $ | 1,250 |  |  | $ | 2,990 |  |  | $ | 2,585 |
Revenue by Geographical Location |  |  |  |  |  |  |
U.S. Recorded Music | $ | 518 |  |  | $ | 469 |  |  | $ | 1,126 |  |  | $ | 950 |
U.S. Music Publishing | 117 |  |  | 96 |  |  | 232 |  |  | 187 |
Total U.S. | 635 |  |  | 565 |  |  | 1,358 |  |  | 1,137 |
International Recorded Music | 629 |  |  | 590 |  |  | 1,407 |  |  | 1,270 |
International Music Publishing | 113 |  |  | 96 |  |  | 227 |  |  | 180 |
Total International | 742 |  |  | 686 |  |  | 1,634 |  |  | 1,450 |
Intersegment eliminations | (1) |  |  | (1) |  |  | (2) |  |  | (2) |
Total Revenues | $ | 1,376 |  |  | $ | 1,250 |  |  | $ | 2,990 |  |  | $ | 2,585 |
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 March 31, 2022 are as follows:
| Rest of FY22 |  | FY23 |  | FY24 |  | Thereafter |  | Total
| (in millions)
Remaining performance obligations | $ | 278 |  |  | $ | 402 |  |  | $ | 145 |  |  | $ | 3 |  |  | $ | 828 |
Total | $ | 278 |  |  | $ | 402 |  |  | $ | 145 |  |  | $ | 3 |  |  | $ | 828 |

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- 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
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- 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
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