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Goodwill and Intangible Assets (Tables)
3 Months Ended
Dec. 31, 2017
Goodwill And Intangible Assets Disclosure [Abstract]  
Changes in Goodwill for Each Reportable Segment

The following analysis details the changes in goodwill for each reportable segment:

 

 

 

Recorded

 

 

Music

 

 

 

 

 

 

 

Music

 

 

Publishing

 

 

Total

 

 

 

(in millions)

 

Balance at September 30, 2017

 

$

1,221

 

 

$

464

 

 

$

1,685

 

Acquisitions

 

 

 

 

 

 

 

 

 

Divestitures

 

 

 

 

 

 

 

 

 

Other adjustments (a)

 

 

3

 

 

 

 

 

 

3

 

Balance at December 31, 2017

 

$

1,224

 

 

$

464

 

 

$

1,688

 

 

 

(a)

Other adjustments during the three months ended December 31, 2017 represent foreign currency movements.

Schedule of Intangible Assets

Intangible assets consist of the following:

 

 

 

Weighted

 

 

 

 

 

 

 

 

 

 

Average

 

December 31,

 

 

September 30,

 

 

 

Useful Life

 

2017

 

 

2017

 

 

 

 

 

(in millions)

 

Intangible assets subject to amortization:

 

 

 

 

 

 

 

 

 

 

Recorded music catalog

 

10 years

 

$

901

 

 

$

898

 

Music publishing copyrights

 

27 years

 

 

1,540

 

 

 

1,534

 

Artist and songwriter contracts

 

13 years

 

 

906

 

 

 

904

 

Trademarks

 

6 years

 

 

14

 

 

 

14

 

Other intangible assets

 

7 years

 

 

10

 

 

 

10

 

Total gross intangible asset subject to amortization

 

 

 

 

3,371

 

 

 

3,360

 

Accumulated amortization

 

 

 

 

(1,326

)

 

 

(1,270

)

Total net intangible assets subject to amortization

 

 

 

 

2,045

 

 

 

2,090

 

Intangible assets not subject to amortization:

 

 

 

 

 

 

 

 

 

 

Trademarks and tradenames

 

Indefinite

 

 

117

 

 

 

117

 

Total net intangible assets

 

 

 

$

2,162

 

 

$

2,207