Revenue Recognition (Tables)

3 Months Ended

Dec. 31, 2021

Revenue from Contract with Customer [Abstract]

Summary of Disaggregation of Revenue

The Company’s revenue consists of the following categories, which aggregate into the segments – Recorded Music and Music Publishing:

	Three Months Ended December 31,
	2021		2020
	(in millions)
Revenue by Type
Digital	$	870	$	727
Physical	195		174
Total Digital and Physical	1,065		901
Artist services and expanded-rights	232		180
Licensing	89		80
Total Recorded Music	1,386		1,161
Performance	38		30
Digital	133		99
Mechanical	14		11
Synchronization	42		33
Other	2		2
Total Music Publishing	229		175
Intersegment eliminations	(1)		(1)
Total Revenues	$	1,614	$	1,335
Revenue by Geographical Location
U.S. Recorded Music	$	608	$	481
U.S. Music Publishing	115		91
Total U.S.	723		572
International Recorded Music	778		680
International Music Publishing	114		84
Total International	892		764
Intersegment eliminations	(1)		(1)
Total Revenues	$	1,614	$	1,335

Summary of Revenues Expected to be Recognized in Future Related to Performance Obligations

Revenues expected to be recognized in the future related to performance obligations that are unsatisfied at December 31, 2021 are as follows:

	Rest of FY22		FY23		FY24		Thereafter		Total
	(in millions)
Remaining performance obligations	$	341	$	312	$	121	$	1	$	775
Total	$	341	$	312	$	121	$	1	$	775