Segment Information (Tables)

6 Months Ended

Mar. 31, 2019

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)
March 31, 2019
Revenues	$	933	$	158	$	(1	)	$	1,090
Operating income (loss)		134		27		(39	)		122
Amortization of intangible assets		37		18		—			55
Depreciation of property, plant and equipment		9		2		3			14
OIBDA		180		47		(36	)		191
March 31, 2018
Revenues	$	791	$	174	$	(2	)	$	963
Operating income (loss)		80		41		(38	)		83
Amortization of intangible assets		38		17		—			55
Depreciation of property, plant and equipment		9		2		3			14
OIBDA		127		60		(35	)		152

					Corporate
	Recorded		Music		expenses and
	Music		Publishing		eliminations			Total
Six Months Ended	(in millions)
March 31, 2019
Revenues	$	1,974	$	323	$	(4	)	$	2,293
Operating income (loss)		297		49		(77	)		269
Amortization of intangible assets		75		34		—			109
Depreciation of property, plant and equipment		19		3		6			28
OIBDA		391		86		(71	)		406
March 31, 2018
Revenues	$	1,695	$	317	$	(4	)	$	2,008
Operating income (loss)		209		40		(76	)		173
Amortization of intangible assets		74		34		—			108
Depreciation of property, plant and equipment		17		3		6			26
OIBDA		300		77		(70	)		307