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Revenue Recognition (Tables)

6 Months Ended

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

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- References

No definition available.

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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

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