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Goodwill and Intangible Assets (Tables)

6 Months Ended

Mar. 31, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Changes in Goodwill for Each Reportable Segment

The following analysis details the changes in goodwill for each reportable segment:

			Recorded Music						Music Publishing						Total
			(in millions)
Balances at September 30, 2021			$	1,366					$	464					$	1,830
Acquisitions (a)			115						—						115
Other adjustments (b)			(23)						—						(23)
Balances at March 31, 2022			$	1,458					$	464					$	1,922

______________________________________

(a)Primarily relates to the acquisition of 300 Entertainment as described in Note 5.

(b)Other adjustments during the six months ended March 31, 2022 represent foreign currency movements.

Schedule of Indefinite Intangible Assets

Intangible assets consist of the following:

			Weighted-Average Useful Life						March 31, 2022						September 30, 2021
									(in millions)
Intangible assets subject to amortization:
Recorded music catalog			12 years						$	1,344					$	1,206
Music publishing copyrights			25 years						1,988						1,730
Artist and songwriter contracts			13 years						1,064						997
Trademarks			15 years						105						96
Other intangible assets			6 years						95						96
Total gross intangible asset subject to amortization									4,596						4,125
Accumulated amortization									(2,185)						(2,108)
Total net intangible assets subject to amortization									2,411						2,017
Intangible assets not subject to amortization:
Trademarks and tradenames			Indefinite						152						154
Total net intangible assets									$	2,563					$	2,171

Schedule of Finite-Lived Intangible Assets

Intangible assets consist of the following:

			Weighted-Average Useful Life						March 31, 2022						September 30, 2021
									(in millions)
Intangible assets subject to amortization:
Recorded music catalog			12 years						$	1,344					$	1,206
Music publishing copyrights			25 years						1,988						1,730
Artist and songwriter contracts			13 years						1,064						997
Trademarks			15 years						105						96
Other intangible assets			6 years						95						96
Total gross intangible asset subject to amortization									4,596						4,125
Accumulated amortization									(2,185)						(2,108)
Total net intangible assets subject to amortization									2,411						2,017
Intangible assets not subject to amortization:
Trademarks and tradenames			Indefinite						152						154
Total net intangible assets									$	2,563					$	2,171

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Tabular disclosure of assets, excluding financial assets and goodwill, lacking physical substance with a finite life, by either major class or business segment.

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-Publisher FASB
-Name Accounting Standards Codification
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Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule.

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