XML 47 R35.htm IDEA: XBRL DOCUMENT v3.24.0.1

Segment Information (Tables)

3 Months Ended

Dec. 31, 2023

Segment Reporting [Abstract]

Schedule of Segment Information

While intercompany transactions are treated like third-party transactions to determine segment performance, the revenues (and corresponding expenses recognized by the segment that is counterparty to the transaction) are eliminated in consolidation, and therefore, do not themselves impact consolidated results.

			Recorded Music						Music Publishing						Corporate expenses and eliminations						Total
Three Months Ended			(in millions)
December 31, 2023
Revenues			$	1,445					$	304					$	(1)					$	1,748
Adjusted OIBDA			412						86						(47)						451
December 31, 2022
Revenues			$	1,239					$	250					(1)						1,488
Adjusted OIBDA			299						72						(36)						335

In connection with the aforementioned change in segment profitability measure, the Company has also revised disclosures relating to segment profitability for the fiscal years ended September 30, 2023, 2022 and 2021, as presented below, to be comparable to the current period presentation.

			Recorded Music						Music Publishing						Corporate expenses and eliminations						Total
Twelve Months Ended			(in millions)
September 30, 2023
Revenues			$	4,955					$	1,088					$	(6)					$	6,037
Adjusted OIBDA			1,093						296						(154)						1,235
September 30, 2022
Revenues			$	4,966					$	958					$	(5)					$	5,919
Adjusted OIBDA			1,046						233						(130)						1,149
September 30, 2021
Revenues			$	4,544					$	761					(4)						$	5,301
Adjusted OIBDA			975						179						(136)						1,018

Schedule of Components of Adjusted OIBDA to Operating Income

Adjusted OIBDA is not a measure defined by U.S. GAAP but is computed using amounts that are determined in accordance with U.S. GAAP. A reconciliation of the Company’s Adjusted OIBDA to operating income is presented below.

			For the Three Months Ended December 31,
			2023						2022
Operating income			354						265
Amortization expense			55						63
Depreciation expense			26						21
Transformation initiatives and other related costs			19						12
Net gain on divestitures			(17)						(41)
Non-cash stock-based compensation and other related costs			14						15
Adjusted OIBDA			$	451					$	335

			For the Twelve Months Ended September 30,
			2023						2022						2021
Operating income			790						714						609
Amortization expense			245						263						229
Depreciation expense			87						76						77
Restructuring			42						8						18
Transformation initiatives and other related costs			53						46						36
Executive transition costs			7						—						—
Net gain on divestitures			(41)						—						—
COVID-19 related costs			—						—						1
Non-cash stock-based compensation and other related costs			52						42						48
Adjusted OIBDA			$	1,235					$	1,149					$	1,018

X

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-25

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-22

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-30

+ Details

Name:	us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_SegmentReportingAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Schedule of Components of Adjusted OIBDA to Operating Income

+ References

No definition available.

+ Details

Name:	wmg_ScheduleOfComponentsOfAdjustedOIBDAToOperatingIncomeTableTextBlock
Namespace Prefix:	wmg_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration