v3.24.0.1
Segment Information (Tables)
 3 Months Ended
Dec. 31, 2023
Segment Reporting [Abstract]  
Schedule of Segment Information 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.
Recorded
Music		Music
Publishing		Corporate
expenses and
eliminations		Total
Three Months Ended(in millions)
December 31, 2023    
Revenues$1,445 $304 $(1)$1,748 
Adjusted OIBDA
412 86 (47)451 
December 31, 2022
Revenues$1,239 $250 (1)1,488 
Adjusted OIBDA
299 72 (36)335 
In connection with the aforementioned change in segment profitability measure, the Company has also revised disclosures relating to segment profitability for the fiscal years ended September 30, 2023, 2022 and 2021, as presented below, to be comparable to the current period presentation.
Recorded
Music		Music
Publishing		Corporate
expenses and
eliminations		Total
Twelve Months Ended
(in millions)
September 30, 2023    
Revenues$4,955 $1,088 $(6)$6,037 
Adjusted OIBDA
1,093 296 (154)1,235 
September 30, 2022
Revenues$4,966 $958 $(5)$5,919 
Adjusted OIBDA
1,046 233 (130)1,149 
September 30, 2021
Revenues$4,544 $761 (4)$5,301 
Adjusted OIBDA
975 179 (136)1,018 
Schedule of Components of Adjusted OIBDA to Operating Income
Adjusted OIBDA is not a measure defined by U.S. GAAP but is computed using amounts that are determined in accordance with U.S. GAAP. A reconciliation of the Company’s Adjusted OIBDA to operating income is presented below.
For the Three Months Ended
December 31,
20232022
Operating income354 265 
Amortization expense55 63 
Depreciation expense26 21 
Transformation initiatives and other related costs
19 12 
Net gain on divestitures
(17)(41)
Non-cash stock-based compensation and other related costs
14 15 
Adjusted OIBDA$451 $335 
For the Twelve Months Ended September 30,
202320222021
Operating income790 714 609 
Amortization expense245 263 229 
Depreciation expense87 76 77 
Restructuring
42 8 18 
Transformation initiatives and other related costs
53 46 36 
Executive transition costs
7 — — 
Net gain on divestitures
(41)— — 
COVID-19 related costs
— — 1 
Non-cash stock-based compensation and other related costs
52 42 48 
Adjusted OIBDA$1,235 $1,149 $1,018