XML 55 R36.htm IDEA: XBRL DOCUMENT

Acquisitions (Tables)

12 Months Ended

Sep. 30, 2023

Business Combination and Asset Acquisition [Abstract]

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

The table below presents (i) the acquisition consideration as it relates to the acquisition of 300 Entertainment and (ii) the allocation of the purchase price to the estimated fair values of the assets acquired and liabilities assumed on the closing date of December 16, 2021 (in millions):


	Purchase Price Allocation
Cash and equivalents	$	2
Accounts receivable	5
Royalty advances	13
Property, plant and equipment, net	1
Operating lease right-of-use assets, net	3
Goodwill	138
Intangible assets subject to amortization, net (a)	259
Other assets	1
Accounts payable	(5)
Accrued royalties	(19)
Accrued liabilities	(1)
Operating lease liabilities, noncurrent	(3)
Total purchase price allocated	$	394

______________________________________

(a)Identifiable intangible assets are composed of the following (in millions):


	Total
Recorded music catalog	$	154
Artist and songwriter contracts	90
Trademarks	12
Music publishing copyrights	3
Total intangible assets acquired	$	259