XML 48 R3.htm IDEA: XBRL DOCUMENT v3.24.3
Consolidated Balance Sheets - USD ($)
$ in Millions
Sep. 30, 2024
Sep. 30, 2023
Current assets:    
Cash and equivalents $ 694 $ 641
Accounts receivable, net of allowances of $26 million and $19 million 1,255 1,120
Inventories 99 126
Royalty advances expected to be recouped within one year 470 413
Prepaid and other current assets 125 102
Total current assets 2,643 2,402
Royalty advances expected to be recouped after one year 874 688
Property, plant and equipment, net 481 458
Operating lease right-of-use assets, net 225 245
Goodwill 2,021 1,993
Intangible assets subject to amortization, net 2,359 2,353
Intangible assets not subject to amortization 152 149
Deferred tax assets, net 52 32
Other assets 348 225
Total assets 9,155 8,545
Current liabilities:    
Accounts payable 289 300
Accrued royalties 2,549 2,219
Accrued liabilities 641 533
Accrued interest 17 18
Operating lease liabilities, current 45 41
Deferred revenue 246 371
Other current liabilities 110 57
Total current liabilities 3,897 3,539
Long-term debt 4,014 3,964
Operating lease liabilities, noncurrent 228 255
Deferred tax liabilities, net 195 216
Other noncurrent liabilities 146 141
Total liabilities 8,480 8,115
Equity:    
Additional paid-in capital 2,077 2,015
Accumulated deficit (1,313) (1,387)
Accumulated other comprehensive loss, net (247) (322)
Total Warner Music Group Corp. equity 518 307
Noncontrolling interest 157 123
Total equity 675 430
Total liabilities and equity 9,155 8,545
Class A Common Stock    
Equity:    
Common stock, value, issued 0 0
Common Class B    
Equity:    
Common stock, value, issued $ 1 $ 1