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Segment Information (Tables)

9 Months Ended

Jun. 30, 2024

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)
June 30, 2024
Revenues			$	1,251					$	305					$	(2)					$	1,554
Adjusted OIBDA			281						79						(44)						316
June 30, 2023
Revenues			$	1,282					$	283					$	(1)					$	1,564
Adjusted OIBDA			264						74						(41)						297
			Recorded Music						Music Publishing						Corporate expenses and eliminations						Total
Nine Months Ended			(in millions)
June 30, 2024
Revenues			$	3,885					$	915					$	(4)					$	4,796
Adjusted OIBDA			965						247						(133)						1,079
June 30, 2023
Revenues			3,664						790						(3)						4,451
Adjusted OIBDA			812						222						(116)						918

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 June 30,												For the Nine Months Ended June 30,
						2024						2023						2024						2023
Operating income						$	207					$	189					$	680					$	578
Amortization expense						55						64						167						188
Depreciation expense						25						22						77						65
Restructuring and impairments						1						—						96						41
Transformation initiatives and other related costs						18						13						56						39
Executive transition costs						—						1						—						4
Net gain on divestitures						(1)						—						(32)						(41)
Non-cash stock-based compensation and other related costs						11						8						35						44
Adjusted OIBDA						$	316					$	297					$	1,079					$	918

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- 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 280
-SubTopic 10
-Section 50
-Paragraph 25
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-25

Reference 2: 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 3: 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

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- Definition

Schedule of Components of Adjusted OIBDA to Operating Income

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No definition available.

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