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Revenue Recognition (Tables)

3 Months Ended

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

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
-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

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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
-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

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