Income Taxes (Tables)

12 Months Ended

Sep. 30, 2024

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,
	2024		2023		2022
	(in millions)
Domestic	$	67	$	218	$	385
Foreign	534		391		355
Income before income taxes	$	601	$	609	$	740

Schedule of Current and Deferred Income Taxes

Current and deferred income tax expense provided are as follows:

	Fiscal Year Ended September 30,
	2024		2023		2022
	(in millions)
Federal:
Current	$	26	$	36	$	23
Deferred	(45)		(5)		44
Foreign:
Current (a)	137		128		128
Deferred	3		(3)		(30)
U.S. State:
Current	8		19		21
Deferred	(6)		(5)		(1)
Income tax expense	$	123	$	170	$	185

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(a)Includes withholding taxes of $28 million, $38 million and $27 million for the fiscal years ended September 30, 2024, 2023 and 2022, respectively.

Schedule of Effective Income Tax Rate Reconciliation

The differences between the U.S. federal statutory income tax rate of 21.0% for each of the fiscal years ended September 30, 2024, 2023 and 2022 and income taxes provided are as follows:

	Fiscal Year Ended September 30,
	2024		2023		2022
	(in millions)
Taxes on income at the U.S. federal statutory rate	$	126	$	128	$	155
U.S. state and local taxes	1		12		15
Foreign income taxed at different rates, including withholding taxes	29		33		29
Valuation allowance	—		(5)		(6)
Change in tax rates	3		—		1
GILTI and FDII	(3)		(4)		(6)
Federal research and development credits	(3)		(8)		—
Uncertain tax positions	(3)		7		(3)
Non-deductible compensation	11		8		6
Wind down of O&O media properties	(17)		—		—
Return to provision adjustments	(15)		4		(4)
Nontaxable income from partnerships	(9)		(1)		(1)
Other	3		(4)		(1)
Total income tax expense	$	123	$	170	$	185

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, 2024		September 30, 2023
	(in millions)
Deferred tax assets:
Allowance and reserves	$	27	$	25
Employee benefits and compensation	80		71
Other accruals	45		30
Property, plant and equipment	61		40
Operating lease liabilities	69		73
Tax attribute carryforwards	62		59
Deferred revenue and debt	14		17
Total deferred tax assets	358		315
Less: Valuation allowance	(25)		(25)
Deferred tax assets, net of valuation allowance	333		290
Deferred tax liabilities:
Royalty advances	(34)		(27)
Operating lease right-of-use assets	(57)		(60)
Accrued royalties	(52)		(45)
Intangible assets	(284)		(318)
Debt and other	(49)		(24)
Total deferred tax liabilities	(476)		(474)
Net deferred tax liabilities	$	(143)	$	(184)

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,
	2024		2023		2022
	(in millions)
Gross unrecognized tax benefits - beginning of period	$	13	$	8	$	12
Additions for current year tax positions	2		3		—
Additions for prior year tax positions	—		9		1
Subtractions for prior year tax positions	(3)		(7)		(5)
Settlements	(2)		—		—
Gross unrecognized tax benefits - end of period	$	10	$	13	$	8