Revenue Recognition (Tables)

3 Months Ended

Dec. 31, 2020

Revenue from Contract with Customer [Abstract]

Summary of Disaggregation of Revenue

The Company’s revenue consists of the following categories, which aggregate into the segments – Recorded Music and Music Publishing:

	Three Months Ended December 31,
	2020		2019
	(in millions)
Revenue by Type
Digital	$	727	$	633
Physical	174		184
Total Digital and Physical	901		817
Artist services and expanded-rights	180		188
Licensing	80		79
Total Recorded Music	1,161		1,084
Performance	30		46
Digital	99		73
Mechanical	11		15
Synchronization	33		36
Other	2		3
Total Music Publishing	175		173
Intersegment eliminations	(1)		(1)
Total Revenues	$	1,335	$	1,256
Revenue by Geographical Location
U.S. Recorded Music	$	481	$	453
U.S. Music Publishing	91		81
Total U.S.	572		534
International Recorded Music	680		631
International Music Publishing	84		92
Total International	764		723
Intersegment eliminations	(1)		(1)
Total Revenues	$	1,335	$	1,256

Summary of Revenues Expected to be Recognized in Future Related to Performance Obligations

Revenues expected to be recognized in the future related to performance obligations that are unsatisfied at December 31, 2020 are as follows:

	Rest of FY21		FY22		FY23		Thereafter		Total
	(in millions)
Remaining performance obligations	$	712	$	82	$	1	$	—	$	795
Total	$	712	$	82	$	1	$	—	$	795