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Property, Plant and Equipment
12 Months Ended
Sep. 30, 2025
Property, Plant and Equipment [Abstract]  
Property, Plant and Equipment Property, Plant and Equipment
Property, plant and equipment consist of the following:
September 30,
2025
September 30,
2024
(in millions)
Land$10 $11 
Buildings and improvements190 216 
Furniture and fixtures47 45 
Computer hardware and software788 650 
Construction in progress89 132 
Machinery and equipment18 42 
Gross Property, Plant and Equipment$1,142 $1,096 
Less: Accumulated depreciation(701)(615)
Net Property, Plant and Equipment$441 $481 
The Company recognized $5 million of impairment expense associated with leasehold improvements in connection with our restructuring plans which are presented within Restructuring and Impairments in our consolidated statement of operations. Refer to Note 12 for additional information.
The Company’s classification of its EMP business as held for sale resulted in $49 million of impairment expense associated with buildings and improvements within the Recorded Music segment, with the remaining $20 million of property, plant and equipment reclassified as held for sale within our consolidated balance sheet as of September 30, 2025. Please refer to Note 18 for further discussion.