XML 19 R9.htm IDEA: XBRL DOCUMENT v3.22.1
Consolidated Statements of Equity (Unaudited) - USD ($)
$ in Millions
Total
Class A Common Stock
Class B Common Stock
Total Warner Music Group Corp. Equity
Common Stock
Class A Common Stock
Common Stock
Class B Common Stock
Additional Paid-in Capital
Accumulated Deficit
Accumulated Other Comprehensive Loss
Non-controlling Interest
Beginning balance (in shares) at Sep. 30, 2020         88,578,361 421,450,000        
Beginning balance at Sep. 30, 2020 $ (45)     $ (63) $ 0 $ 1 $ 1,907 $ (1,749) $ (222) $ 18
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Net income 216     215       215   1
Other comprehensive income (loss), net of tax 13     13         13  
Dividends (125)     (125)       (125)    
Stock-based compensation expense 17     17     17      
Distribution to noncontrolling interest holders (3)                 (3)
Exchange of Class B shares for Class A shares (in shares)         19,234,103 19,234,106        
Shares issued under the Plan (in shares)         4,321,259          
Conversion of Class B shares for Class A shares (in shares)         4,754,626 4,754,626        
Shares issued under Omnibus Incentive Plan (in shares)         33,062          
Ending balance (in shares) at Mar. 31, 2021         116,921,411 397,461,268        
Ending balance at Mar. 31, 2021 73     57 $ 0 $ 1 1,924 (1,659) (209) 16
Beginning balance (in shares) at Dec. 31, 2020         111,167,356 403,184,814        
Beginning balance at Dec. 31, 2020 33     16 $ 0 $ 1 1,913 (1,713) (185) 17
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Net income 117     117       117    
Other comprehensive income (loss), net of tax (24)     (24)         (24)  
Dividends (63)     (63)       (63)    
Stock-based compensation expense 11     11     11      
Distribution to noncontrolling interest holders (1)                 (1)
Exchange of Class B shares for Class A shares (in shares)         968,920 968,920        
Conversion of Class B shares for Class A shares (in shares)         4,754,626 4,754,626        
Shares issued under Omnibus Incentive Plan (in shares)         30,509          
Ending balance (in shares) at Mar. 31, 2021         116,921,411 397,461,268        
Ending balance at Mar. 31, 2021 73     57 $ 0 $ 1 1,924 (1,659) (209) 16
Beginning balance (in shares) at Sep. 30, 2021   122,414,827 391,970,996   122,414,827 391,970,996        
Beginning balance at Sep. 30, 2021 46     31 $ 0 $ 1 1,942 (1,710) (202) 15
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Net income 280     279       279   1
Other comprehensive income (loss), net of tax (29)     (29)         (29)  
Dividends (156)     (156)       (156)    
Stock-based compensation expense 35     35     35      
Distribution to noncontrolling interest holders (1)                 (1)
Vesting of restricted stock units, net of shares withheld for employee taxes (in shares)         276,565          
Vesting of restricted stock units, net of shares withheld for employee taxes (6)     (6)     (6)      
Exchange of Class B shares for Class A shares (in shares)     510,165              
Conversion of Class B shares for Class A shares (in shares)     13,810,382   14,320,547 14,320,547        
Shares issued under Omnibus Incentive Plan (in shares)         186,433          
Other 4                 4
Ending balance (in shares) at Mar. 31, 2022   137,198,372 377,650,449   137,198,372 377,650,449        
Ending balance at Mar. 31, 2022 173     154 $ 0 $ 1 1,971 (1,587) (231) 19
Beginning balance (in shares) at Dec. 31, 2021         127,236,783 387,300,086        
Beginning balance at Dec. 31, 2021 172     153 $ 0 $ 1 1,973 (1,601) (220) 19
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Net income 92     92       92   0
Other comprehensive income (loss), net of tax (11)     (11)         (11)  
Dividends (78)     (78)       (78)    
Stock-based compensation expense 4     4     4      
Vesting of restricted stock units, net of shares withheld for employee taxes (in shares)         276,565          
Vesting of restricted stock units, net of shares withheld for employee taxes (6)     (6)     (6)      
Conversion of Class B shares for Class A shares (in shares)         9,649,637 9,649,637        
Shares issued under Omnibus Incentive Plan (in shares)         35,387          
Ending balance (in shares) at Mar. 31, 2022   137,198,372 377,650,449   137,198,372 377,650,449        
Ending balance at Mar. 31, 2022 $ 173     $ 154 $ 0 $ 1 $ 1,971 $ (1,587) $ (231) $ 19