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Income Taxes (Tables) | 12 Months Ended
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Sep. 30, 2024
Income Tax Disclosure [Abstract] |
Schedule of Domestic and Foreign Pretax Income from Continuing Operations | The domestic and foreign pretax income from continuing operations is as follows:
| Fiscal Year Ended September 30,
| 2024 |  | 2023 |  | 2022
| (in millions)
Domestic | $ | 67 |  |  | $ | 218 |  |  | $ | 385 |
Foreign | 534 |  |  | 391 |  |  | 355 |
Income before income taxes | $ | 601 |  |  | $ | 609 |  |  | $ | 740 |
Schedule of Current and Deferred Income Taxes | Current and deferred income tax expense provided are as follows:
| Fiscal Year Ended September 30,
| 2024 |  | 2023 |  | 2022
| (in millions)
Federal: |  |  |  |  |
Current | $ | 26 |  |  | $ | 36 |  |  | $ | 23 |
Deferred | (45) |  |  | (5) |  |  | 44 |
Foreign: |  |  |  |  |
Current (a) | 137 |  |  | 128 |  |  | 128 |
Deferred | 3 |  |  | (3) |  |  | (30) |
U.S. State: |  |  |  |  |
Current | 8 |  |  | 19 |  |  | 21 |
Deferred | (6) |  |  | (5) |  |  | (1) |
Income tax expense | $ | 123 |  |  | $ | 170 |  |  | $ | 185 |
______________________________________ (a)Includes withholding taxes of $28 million, $38 million and $27 million for the fiscal years ended September 30, 2024, 2023 and 2022, respectively.
Schedule of Effective Income Tax Rate Reconciliation | The differences between the U.S. federal statutory income tax rate of 21.0% for each of the fiscal years ended September 30, 2024, 2023 and 2022 and income taxes provided are as follows:
| Fiscal Year Ended September 30,
| 2024 |  | 2023 |  | 2022
| (in millions)
Taxes on income at the U.S. federal statutory rate | $ | 126 |  |  | $ | 128 |  |  | $ | 155 |
U.S. state and local taxes | 1 |  |  | 12 |  |  | 15 |
Foreign income taxed at different rates, including withholding taxes | 29 |  |  | 33 |  |  | 29 |
Valuation allowance | — |  |  | (5) |  |  | (6) |
Change in tax rates | 3 |  |  | — |  |  | 1 |
GILTI and FDII | (3) |  |  | (4) |  |  | (6) |
Federal research and development credits | (3) |  |  | (8) |  |  | — |
Uncertain tax positions | (3) |  |  | 7 |  |  | (3) |
Non-deductible compensation | 11 |  |  | 8 |  |  | 6 |
Wind down of O&O media properties | (17) |  |  | — |  |  | — |
Return to provision adjustments | (15) |  |  | 4 |  |  | (4) |
Nontaxable income from partnerships | (9) |  |  | (1) |  |  | (1) |
Other | 3 |  |  | (4) |  |  | (1) |
Total income tax expense | $ | 123 |  |  | $ | 170 |  |  | $ | 185 |
Schedule of Significant Components of Company's Net Deferred Tax Assets/(Liabilities) | Significant components of the Company’s net deferred tax liabilities are summarized below:
| September 30, 2024 |  | September 30, 2023
| (in millions)
Deferred tax assets: |  |  |
Allowance and reserves | $ | 27 |  |  | $ | 25 |
Employee benefits and compensation | 80 |  |  | 71 |
Other accruals | 45 |  |  | 30 |
Property, plant and equipment | 61 |  |  | 40 |
Operating lease liabilities | 69 |  |  | 73 |
Tax attribute carryforwards | 62 |  |  | 59 |
Deferred revenue and debt | 14 |  |  | 17 |
Total deferred tax assets | 358 |  |  | 315 |
Less: Valuation allowance | (25) |  |  | (25) |
Deferred tax assets, net of valuation allowance | 333 |  |  | 290 |
Deferred tax liabilities: |  |  |
Royalty advances | (34) |  |  | (27) |
Operating lease right-of-use assets | (57) |  |  | (60) |
Accrued royalties | (52) |  |  | (45) |
Intangible assets | (284) |  |  | (318) |
Debt and other | (49) |  |  | (24) |
Total deferred tax liabilities | (476) |  |  | (474) |
Net deferred tax liabilities | $ | (143) |  |  | $ | (184) |
Schedule of Reconciliation of Unrecognized Tax Benefits Including Interest and Penalties | The following table reflects changes in the gross unrecognized tax benefits:
| Fiscal Year Ended September 30,
| 2024 |  | 2023 |  | 2022
| (in millions)
Gross unrecognized tax benefits - beginning of period | $ | 13 |  |  | $ | 8 |  |  | $ | 12 |
Additions for current year tax positions | 2 |  |  | 3 |  |  | — |
Additions for prior year tax positions | — |  |  | 9 |  |  | 1 |
Subtractions for prior year tax positions | (3) |  |  | (7) |  |  | (5) |
Settlements | (2) |  |  | — |  |  | — |
Gross unrecognized tax benefits - end of period | $ | 10 |  |  | $ | 13 |  |  | $ | 8 |

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