Segment Information (Tables)

3 Months Ended

Dec. 31, 2017

The accounting policies of the Company’s business segments are the same as those described in the summary of significant accounting policies included elsewhere herein. The Company accounts for intersegment sales at fair value as if the sales were to third parties. While intercompany transactions are treated like third-party transactions to determine segment performance, the revenues (and corresponding expenses recognized by the segment that is counterparty to the transaction) are eliminated in consolidation, and therefore, do not themselves impact consolidated results.

						Corporate
	Recorded		Music			expenses and
	Music		Publishing			eliminations			Total
Three Months Ended	(in millions)
December 31, 2017
Revenues	$	904	$	143		$	(2	)	$	1,045
Operating income (loss)		129		(1	)		(38	)		90
Amortization of intangible assets		36		17			—			53
Depreciation of property, plant and equipment		8		1			3			12
OIBDA		173		17			(35	)		155
December 31, 2016
Revenues	$	797	$	124		$	(4	)	$	917
Operating income (loss)		123		(2	)		(27	)		94
Amortization of intangible assets		35		16			—			51
Depreciation of property, plant and equipment		7		2			3			12
OIBDA		165		16			(24	)		157