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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Dec. 31, 2016
Sep. 30, 2016
Current assets:    
Cash and equivalents $ 455 $ 359
Accounts receivable, net of allowances of $68 million and $52 million 384 329
Inventories 36 41
Royalty advances expected to be recouped within one year 127 128
Prepaid and other current assets 59 51
Total current assets 1,061 908
Royalty advances expected to be recouped after one year 188 196
Property, plant and equipment, net 195 203
Goodwill 1,612 1,627
Intangible assets subject to amortization, net 2,086 2,201
Intangible assets not subject to amortization 115 116
Other assets 83 84
Total assets 5,340 5,335
Current liabilities:    
Accounts payable 152 204
Accrued royalties 1,184 1,104
Accrued liabilities 319 297
Accrued interest 28 38
Deferred revenue 175 178
Other current liabilities 86 21
Total current liabilities 1,944 1,842
Long-term debt 2,755 2,778
Deferred tax liabilities, net 268 269
Other noncurrent liabilities 233 236
Total liabilities 5,200 5,125
Equity:    
Common stock ($0.001 par value; 10,000 shares authorized; 1,055 shares issued and outstanding) 0 0
Additional paid-in capital 1,128 1,128
Accumulated deficit (747) (715)
Accumulated other comprehensive loss, net (257) (218)
Total Warner Music Group Corp. equity 124 195
Noncontrolling interest 16 15
Total equity 140 210
Total liabilities and equity $ 5,340 $ 5,335