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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Mar. 31, 2017
Sep. 30, 2016
Current assets:    
Cash and equivalents $ 476 $ 359
Accounts receivable, net of allowances of $51 million and $52 million 361 329
Inventories 36 41
Royalty advances expected to be recouped within one year 125 128
Prepaid and other current assets 57 51
Total current assets 1,055 908
Royalty advances expected to be recouped after one year 194 196
Property, plant and equipment, net 197 203
Goodwill 1,614 1,627
Intangible assets subject to amortization, net 2,056 2,201
Intangible assets not subject to amortization 116 116
Other assets 72 84
Total assets 5,304 5,335
Current liabilities:    
Accounts payable 200 204
Accrued royalties 1,151 1,104
Accrued liabilities 260 297
Accrued interest 45 38
Deferred revenue 175 178
Other current liabilities 24 21
Total current liabilities 1,855 1,842
Long-term debt 2,767 2,778
Deferred tax liabilities, net 254 269
Other noncurrent liabilities 241 236
Total liabilities 5,117 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 (726) (715)
Accumulated other comprehensive loss, net (232) (218)
Total Warner Music Group Corp. equity 170 195
Noncontrolling interest 17 15
Total equity 187 210
Total liabilities and equity $ 5,304 $ 5,335