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v3.23.1

Revenue Recognition (Tables) | 6 Months Ended
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Mar. 31, 2023
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 March 31, |  | Six Months Ended March 31,
| 2023 |  | 2022 |  | 2023 |  | 2022
| (in millions)
Revenue by Type |  |  |  |  |  |  |
Digital | $ | 796 |  |  | $ | 804 |  |  | $ | 1,599 |  |  | $ | 1,674 |
Physical | 118 |  |  | 122 |  |  | 251 |  |  | 317 |
Total Digital and Physical | 914 |  |  | 926 |  |  | 1,850 |  |  | 1,991 |
Artist services and expanded-rights | 131 |  |  | 141 |  |  | 337 |  |  | 373 |
Licensing | 98 |  |  | 80 |  |  | 195 |  |  | 169 |
Total Recorded Music | 1,143 |  |  | 1,147 |  |  | 2,382 |  |  | 2,533 |
Performance | 45 |  |  | 36 |  |  | 90 |  |  | 74 |
Digital | 146 |  |  | 127 |  |  | 295 |  |  | 260 |
Mechanical | 16 |  |  | 13 |  |  | 30 |  |  | 27 |
Synchronization | 46 |  |  | 50 |  |  | 85 |  |  | 92 |
Other | 4 |  |  | 4 |  |  | 7 |  |  | 6 |
Total Music Publishing | 257 |  |  | 230 |  |  | 507 |  |  | 459 |
Intersegment eliminations | (1) |  |  | (1) |  |  | (2) |  |  | (2) |
Total Revenues | $ | 1,399 |  |  | $ | 1,376 |  |  | $ | 2,887 |  |  | $ | 2,990 |
Revenue by Geographical Location |  |  |  |  |  |  |
U.S. Recorded Music | $ | 522 |  |  | $ | 518 |  |  | $ | 1,061 |  |  | $ | 1,126 |
U.S. Music Publishing | 135 |  |  | 117 |  |  | 268 |  |  | 232 |
Total U.S. | 657 |  |  | 635 |  |  | 1,329 |  |  | 1,358 |
International Recorded Music | 621 |  |  | 629 |  |  | 1,321 |  |  | 1,407 |
International Music Publishing | 122 |  |  | 113 |  |  | 239 |  |  | 227 |
Total International | 743 |  |  | 742 |  |  | 1,560 |  |  | 1,634 |
Intersegment eliminations | (1) |  |  | (1) |  |  | (2) |  |  | (2) |
Total Revenues | $ | 1,399 |  |  | $ | 1,376 |  |  | $ | 2,887 |  |  | $ | 2,990 |
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 March 31, 2023 are as follows:
| Rest of FY23 |  | FY24 |  | FY25 |  | Thereafter |  | Total
| (in millions)
Remaining performance obligations | $ | 350 |  |  | $ | 450 |  |  | $ | 6 |  |  | $ | 2 |  |  | $ | 808 |
Total | $ | 350 |  |  | $ | 450 |  |  | $ | 6 |  |  | $ | 2 |  |  | $ | 808 |

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- 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
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- 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
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