Consolidated Balance Sheets - USD ($) $ in Millions	Sep. 30, 2025	Sep. 30, 2024
Current assets:
Cash and equivalents	$ 532	$ 694
Accounts receivable, net of allowances of $27 million and $26 million	1,340	1,255
Inventories	62	99
Royalty advances expected to be recouped within one year	581	470
Assets held for sale	89	0
Prepaid and other current assets	166	125
Total current assets	2,770	2,643
Royalty advances expected to be recouped after one year	1,079	874
Property, plant and equipment, net	441	481
Operating lease right-of-use assets, net	189	225
Goodwill	2,061	2,021
Intangible assets subject to amortization, net	2,725	2,359
Intangible assets not subject to amortization	154	152
Deferred tax assets, net	111	52
Other assets	299	348
Total assets	9,829	9,155
Current liabilities:
Accounts payable	257	289
Accrued royalties	2,740	2,549
Accrued liabilities	666	641
Accrued interest	31	17
Operating lease liabilities, current	43	45
Deferred revenue	286	246
Liabilities held for sale	49	0
Other current liabilities	129	110
Total current liabilities	4,201	3,897
Acquisition corp. long-term debt	4,063	4,014
Asset-based long-term debt	302	0
Operating lease liabilities, noncurrent	200	228
Deferred tax liabilities, net	164	195
Other noncurrent liabilities	142	146
Total liabilities	9,072	8,480
Equity:
Additional paid-in capital	2,166	2,077
Accumulated deficit	(1,331)	(1,313)
Accumulated other comprehensive loss, net	(189)	(247)
Total Warner Music Group Corp. equity	647	518
Noncontrolling interest	110	157
Total equity	757	675
Total liabilities and equity	9,829	9,155
Class A Common Stock
Equity:
Common stock, value, issued	0	0
Class B Common Stock
Equity:
Common stock, value, issued	$ 1	$ 1