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Debt (Tables)
9 Months Ended
Jun. 30, 2025
Debt Disclosure [Abstract]  
Schedule of Long-term Debt
As of June 30, 2025, our long-term debt consists of the following:
June 30,
2025
September 30,
2024
(in millions)
Revolving Credit Facility (a)$— $— 
Senior Term Loan Facility due 20311,295 1,295 
2.750% Senior Secured Notes due 2028
381 363 
3.750% Senior Secured Notes due 2029
540 540 
3.875% Senior Secured Notes due 2030
535 535 
2.250% Senior Secured Notes due 2031
522 497 
3.000% Senior Secured Notes due 2031
800 800 
Mortgage Term Loan due 203317 18 
Total debt, including the current portion4,090 4,048 
Premium less unamortized discount and unamortized DFCs(29)(34)
Total Acquisition Corp. long-term debt, including the current portion, net$4,061 $4,014 
Tempo Asset-Based Notes due 2050311 — 
Unamortized discount
(9)— 
Total asset-based long-term debt, including the current portion, net (b)
$302 $— 
Total long-term debt, including the current portion, net$4,363 $4,014 
______________________________________
(a)Reflects $350 million of commitments under the Revolving Credit Facility with no letters of credit outstanding at June 30, 2025 and September 30, 2024. There were no loans outstanding under the Revolving Credit Facility as of June 30, 2025 and September 30, 2024.
(b)The Tempo Asset-Based Notes due 2050 are secured only by certain music rights owned by Tempo and are nonrecourse to the Company and its subsidiaries, other than Tempo.