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Segment Information
 12 Months Ended
Sep. 30, 2023
Segment Reporting [Abstract]  
Segment Information Segment Information
As discussed more fully in Note 1, based on the nature of its products and services, the Company classifies its business interests into two fundamental operations: Recorded Music and Music Publishing, which also represent the reportable segments of the Company. Information as to each of these operations is set forth below. The Company evaluates performance based on several factors, of which the primary financial measure is operating income (loss) before non-cash depreciation of tangible assets and non-cash amortization of intangible assets (“OIBDA”). The Company has supplemented its analysis of OIBDA results by segment with an analysis of operating income (loss) by segment.
The accounting policies of the Company’s business segments are the same as those described in the summary of significant accounting policies included elsewhere herein. The Company accounts for intersegment sales at fair value as if the sales were to third parties. While intercompany transactions are treated like third-party transactions to determine segment performance, the revenues (and corresponding expenses recognized by the segment that is counterparty to the transaction) are eliminated in consolidation, and therefore, do not themselves impact consolidated results.
Recorded
Music		Music
Publishing		Corporate
expenses and
eliminations		Total
(in millions)
2023
Revenues$4,955 $1,088 $(6)$6,037 
Operating income (loss)875 200 (285)790 
Amortization of intangible assets155 90 — 245 
Depreciation of property, plant and equipment50 3 34 87 
OIBDA1,080 293 (251)1,122 
Total assets4,677 2,781 1,087 8,545 
Capital expenditures39 1 87 127 
2022
Revenues$4,966 $958 $(5)$5,919 
Operating income (loss)796 139 (221)714 
Amortization of intangible assets176 87 — 263 
Depreciation of property, plant and equipment51 5 20 76 
OIBDA1,023 231 (201)1,053 
Total assets3,515 2,954 1,359 7,828 
Capital expenditures52 1 82 135 
2021
Revenues$4,544 $761 $(4)$5,301 
Operating income (loss)733 89 (213)609 
Amortization of intangible assets150 79 — 229 
Depreciation of property, plant and equipment53 6 18 77 
OIBDA936 174 (195)915 
Capital expenditures33 1 59 93 
Revenues relating to operations in different geographical areas are set forth below for the fiscal years ended September 30, 2023, September 30, 2022 and September 30, 2021. Total long-lived assets relating to operations in different geographical areas, which consist of property, plant and equipment, net and operating lease right-of-use assets, net, are set forth below as of September 30, 2023 and September 30, 2022.
202320222021
RevenuesLong-lived AssetsRevenuesLong-lived AssetsRevenues
(in millions)
United States$2,766 $473 $2,744 $468 $2,363 
United Kingdom726 39 734 30 620 
Germany535 98 613 68 662 
All other territories2,010 93 1,828 75 1,656 
Total$6,037 $703 $5,919 $641 $5,301 
Customer Concentration
In the fiscal year ended September 30, 2023, the Company had three customers, Spotify, YouTube and Apple, that individually represented 10% or more of total revenues, whereby Spotify AB represented 18%, YouTube represented 12% and Apple represented 11% of total revenues. In the fiscal year ended September 30, 2022, the Company had three customers, Spotify, Apple and YouTube, that individually represented 10% or more of total revenues, whereby Spotify represented 17%, YouTube represented 12% and Apple represented 11% of total revenues. In the fiscal year ended September 30, 2021, the Company had three customers, Spotify, Apple and YouTube that individually represented 10% or more of total revenues, whereby Spotify represented 18%, Apple represented 13% and YouTube represented 11% of total revenues. These customers’ revenues are included in both the Company’s Recorded Music and Music Publishing segments and the Company expects that the Company’s license agreements with these customers will be renewed in the normal course of business.