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Income Taxes (Tables)
12 Months Ended
Sep. 30, 2025
Income Tax Disclosure [Abstract]  
Schedule of Domestic and Foreign Pretax Income from Continuing Operations
The domestic and foreign pretax income from continuing operations is as follows:
Fiscal Year Ended September 30,
202520242023
(in millions)
Domestic$137 $67 $218 
Foreign353 534 391 
Income before income taxes$490 $601 $609 
Schedule of Current and Deferred Income Taxes
Current and deferred income tax expense provided are as follows:
Fiscal Year Ended September 30,
202520242023
(in millions)
Federal:
Current$33 $26 $36 
Deferred(28)(45)(5)
Foreign:
Current (a)163 137 128 
Deferred(62)(3)
U.S. State:
Current14 19 
Deferred— (6)(5)
Income tax expense$120 $123 $170 
______________________________________
(a)Includes withholding taxes of $46 million, $28 million and $38 million for the fiscal years ended September 30, 2025, 2024 and 2023, respectively.
Schedule of Differences Between the U.S. Federal Statutory Income Tax Rate
The differences between the U.S. federal statutory income tax rate of 21.0% for each of the fiscal years ended September 30, 2025, 2024 and 2023 and income taxes provided are as follows:
Fiscal Year Ended September 30,
202520242023
(in millions)
Taxes on income at the U.S. federal statutory rate$103 $126 $128 
U.S. state and local taxes12 
Foreign income taxed at different rates, including withholding taxes
22 29 33 
Valuation allowance
26 — (5)
Change in tax rates— — 
GILTI and FDII
(4)(3)(4)
Federal research and development credits(2)(3)(8)
Uncertain tax positions(3)
Non-deductible compensation
11 
Wind down of O&O media properties
— (17)— 
Return to provision adjustments
(5)(15)
Nontaxable income from partnerships
(1)(9)(1)
Change in indefinite reinvestment assertion
(34)— 
Other— — (4)
Total income tax expense
$120 $123 $170 
Schedule of Significant Components of Company's Net Deferred Tax Assets/(Liabilities) Significant components of the Company’s net deferred tax liabilities are summarized below:
September 30,
2025
September 30,
2024
(in millions)
Deferred tax assets:
Allowance and reserves$26 $27 
Employee benefits and compensation82 80 
Other accruals66 45 
Property, plant and equipment61 61 
Operating lease liabilities62 69 
Tax attribute carryforwards74 62 
Deferred revenue and debt14 
Investment in subsidiaries
27 — 
Total deferred tax assets407 358 
Less: Valuation allowance(51)(25)
Deferred tax assets, net of valuation allowance356 333 
Deferred tax liabilities:
Royalty advances(52)(34)
Operating lease right-of-use assets(49)(57)
Accrued royalties(50)(52)
Intangible assets(236)(284)
Debt and other(22)(49)
Total deferred tax liabilities(409)(476)
Net deferred tax liabilities$(53)$(143)
Schedule of Reconciliation of Unrecognized Tax Benefits Including Interest and Penalties
The following table reflects changes in the gross unrecognized tax benefits:
Fiscal Year Ended September 30,
202520242023
(in millions)
Gross unrecognized tax benefits - beginning of period$10 $13 $
Additions for current year tax positions
Additions for prior year tax positions— 
Subtractions for prior year tax positions(1)(3)(7)
Settlements— (2)— 
Gross unrecognized tax benefits - end of period$12 $10 $13