XML 42 R28.htm IDEA: XBRL DOCUMENT v3.22.4

Revenue Recognition (Tables)

3 Months Ended

Dec. 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 December 31,
			2022						2021
			(in millions)
Revenue by Type
Digital			$	803					$	870
Physical			133						195
Total Digital and Physical			936						1,065
Artist services and expanded-rights			206						232
Licensing			97						89
Total Recorded Music			1,239						1,386
Performance			45						38
Digital			149						133
Mechanical			14						14
Synchronization			39						42
Other			3						2
Total Music Publishing			250						229
Intersegment eliminations			(1)						(1)
Total Revenues			$	1,488					$	1,614
Revenue by Geographical Location
U.S. Recorded Music			$	539					$	608
U.S. Music Publishing			133						115
Total U.S.			672						723
International Recorded Music			700						778
International Music Publishing			117						114
Total International			817						892
Intersegment eliminations			(1)						(1)
Total Revenues			$	1,488					$	1,614

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 December 31, 2022 are as follows:

			Rest of FY23						FY24						FY25						Thereafter						Total
			(in millions)
Remaining performance obligations			$	547					$	367					$	5					$	1					$	920
Total			$	547					$	367					$	5					$	1					$	920

X

- 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 https://asc.fasb.org/extlink&oid=126920106&loc=SL49130545-203045

+ Details

Name:	us-gaap_DisaggregationOfRevenueTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_RevenueFromContractWithCustomerAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

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 https://asc.fasb.org/extlink&oid=126920106&loc=SL49130556-203045

+ Details

Name:	us-gaap_RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration