Goodwill and Intangible Assets

3 Months Ended

Dec. 31, 2019

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Intangible Assets

Goodwill and Intangible Assets

Goodwill

The following analysis details the changes in goodwill for each reportable segment:

	Recorded Music		Music Publishing		Total
	(in millions)
Balance at September 30, 2019	$	1,297	$	464	$	1,761
Acquisitions	—		—		—
Other adjustments (a)	7		—		7
Balance at December 31, 2019	$	1,304	$	464	$	1,768

______________________________________

(a)Other adjustments during the three months ended December 31, 2019 represent foreign currency movements.

The Company performs its annual goodwill impairment test in accordance with ASC 350, Intangibles—Goodwill and Other (“ASC 350”) during the fourth quarter of each fiscal year as of July 1. The Company may conduct an earlier review if events or circumstances occur that would suggest the carrying value of the Company’s goodwill may not be recoverable. No indicators of impairment were identified during the current period that required the Company to perform an interim assessment or recoverability test.

Intangible Assets

Intangible assets consist of the following:

	Weighted-Average Useful Life	December 31, 2019		September 30, 2019
		(in millions)
Intangible assets subject to amortization:
Recorded music catalog	10 years	$	873	$	855
Music publishing copyrights	26 years	1,563		1,539
Artist and songwriter contracts	13 years	854		841
Trademarks	18 years	54		53
Other intangible assets	7 years	61		59
Total gross intangible asset subject to amortization		3,405		3,347
Accumulated amortization		(1,693)		(1,624)
Total net intangible assets subject to amortization		1,712		1,723
Intangible assets not subject to amortization:
Trademarks and tradenames	Indefinite	152		151
Total net intangible assets		$	1,864	$	1,874