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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Mar. 31, 2019
Sep. 30, 2018
Current assets:    
Cash and equivalents $ 470 $ 514
Accounts receivable, net of allowances of $20 million and $45 million 781 447
Inventories 65 42
Royalty advances expected to be recouped within one year 151 123
Prepaid and other current assets 57 50
Total current assets 1,524 1,176
Royalty advances expected to be recouped after one year 184 153
Property, plant and equipment, net 295 229
Goodwill 1,787 1,692
Intangible assets subject to amortization, net 1,802 1,851
Intangible assets not subject to amortization 153 154
Deferred tax assets, net 7 11
Other assets 150 78
Total assets 5,902 5,344
Current liabilities:    
Accounts payable 245 281
Accrued royalties 1,509 1,396
Accrued liabilities 409 423
Accrued interest 32 31
Deferred revenue 170 208
Other current liabilities 153 34
Total current liabilities 2,518 2,373
Long-term debt 2,990 2,819
Deferred tax liabilities, net 230 165
Other noncurrent liabilities 284 307
Total liabilities 6,022 5,664
Equity:    
Common stock ($0.001 par value; 10,000 shares authorized; 1,060 and 1,052 shares issued and outstanding at March 31, 2019 and September 30, 2018, respectively) 0 0
Additional paid-in capital 1,128 1,128
Accumulated deficit (1,043) (1,272)
Accumulated other comprehensive loss, net (225) (190)
Total Warner Music Group Corp. deficit (140) (334)
Noncontrolling interest 20 14
Total equity (120) (320)
Total liabilities and equity $ 5,902 $ 5,344