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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Dec. 31, 2017
Sep. 30, 2017
Current assets:    
Cash and equivalents $ 776 $ 647
Accounts receivable, net of allowances of $66 million and $50 million 499 404
Inventories 38 39
Royalty advances expected to be recouped within one year 142 141
Prepaid and other current assets 47 44
Total current assets 1,502 1,275
Royalty advances expected to be recouped after one year 175 172
Property, plant and equipment, net 213 213
Goodwill 1,688 1,685
Intangible assets subject to amortization, net 2,045 2,090
Intangible assets not subject to amortization 117 117
Deferred tax assets, net 61 97
Other assets 74 69
Total assets 5,875 5,718
Current liabilities:    
Accounts payable 166 208
Accrued royalties 1,406 1,263
Accrued liabilities 401 365
Accrued interest 25 41
Deferred revenue 201 197
Other current liabilities 35 26
Total current liabilities 2,234 2,100
Long-term debt 2,818 2,811
Deferred tax liabilities, net 196 190
Other noncurrent liabilities 306 309
Total liabilities 5,554 5,410
Equity:    
Common stock ($0.001 par value; 10,000 shares authorized; 1,055 shares issued and outstanding) 0 0
Additional paid-in capital 1,128 1,128
Accumulated deficit (650) (654)
Accumulated other comprehensive loss, net (171) (181)
Total Warner Music Group Corp. equity 307 293
Noncontrolling interest 14 15
Total equity 321 308
Total liabilities and equity $ 5,875 $ 5,718