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Revenue Recognition (Tables) | 3 Months Ended
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Dec. 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 December 31, |  |
| 2023 |  | 2022 |  |  |  |
| (in millions)
Revenue by Type |  |  |  |  |  |  |
Digital | $ | 908 |  |  | $ | 803 |  |  |  |  |
Physical | 154 |  |  | 133 |  |  |  |  |
Total Digital and Physical | 1,062 |  |  | 936 |  |  |  |  |
Artist services and expanded-rights | 204 |  |  | 206 |  |  |  |  |
Licensing | 179 |  |  | 97 |  |  |  |  |
Total Recorded Music | 1,445 |  |  | 1,239 |  |  |  |  |
Performance | 51 |  |  | 45 |  |  |  |  |
Digital | 196 |  |  | 149 |  |  |  |  |
Mechanical | 15 |  |  | 14 |  |  |  |  |
Synchronization | 39 |  |  | 39 |  |  |  |  |
Other | 3 |  |  | 3 |  |  |  |  |
Total Music Publishing | 304 |  |  | 250 |  |  |  |  |
Intersegment eliminations | (1) |  |  | (1) |  |  |  |  |
Total Revenues | $ | 1,748 |  |  | $ | 1,488 |  |  |  |  |
Revenue by Geographical Location |  |  |  |  |  |  |
U.S. Recorded Music | $ | 627 |  |  | $ | 539 |  |  |  |  |
U.S. Music Publishing | 172 |  |  | 133 |  |  |  |  |
Total U.S. | 799 |  |  | 672 |  |  |  |  |
International Recorded Music | 818 |  |  | 700 |  |  |  |  |
International Music Publishing | 132 |  |  | 117 |  |  |  |  |
Total International | 950 |  |  | 817 |  |  |  |  |
Intersegment eliminations | (1) |  |  | (1) |  |  |  |  |
Total Revenues | $ | 1,748 |  |  | $ | 1,488 |  |  |  |  |
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, 2023 are as follows:
| Rest of FY24 |  | FY25 |  | FY26 |  | Thereafter |  | Total
| (in millions)
Remaining performance obligations | $ | 468 |  |  | $ | 226 |  |  | $ | 22 |  |  | $ | 6 |  |  | $ | 722 |
Total | $ | 468 |  |  | $ | 226 |  |  | $ | 22 |  |  | $ | 6 |  |  | $ | 722 |

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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 -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-5 + 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 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Subparagraph (b)(1) -SubTopic 10 -Topic 606 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-13 + Details
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