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Revenue Recognition (Tables)

6 Months Ended

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

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- References

No definition available.

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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

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