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Goodwill and Intangible Assets (Tables)
12 Months Ended
Sep. 30, 2017
Goodwill And Intangible Assets Disclosure [Abstract]  
Changes in Goodwill for Each Reportable Segment

The following analysis details the changes in goodwill for each reportable segment:

 

 

 

Recorded

 

 

Music

 

 

 

 

 

 

 

Music

 

 

Publishing

 

 

Total

 

 

 

(in millions)

 

Balance at September 30, 2015

 

$

1,168

 

 

$

464

 

 

$

1,632

 

Acquisitions

 

 

13

 

 

 

 

 

 

13

 

Dispositions

 

 

(12

)

 

 

 

 

 

(12

)

Other adjustments

 

 

(6

)

 

 

 

 

 

(6

)

Balance at September 30, 2016

 

$

1,163

 

 

$

464

 

 

$

1,627

 

Acquisitions

 

 

58

 

 

 

 

 

 

58

 

Dispositions

 

 

(10

)

 

 

 

 

 

(10

)

Other adjustments

 

 

10

 

 

 

 

 

 

10

 

Balance at September 30, 2017

 

$

1,221

 

 

$

464

 

 

$

1,685

 

 

Schedule of Intangible Assets

Intangible assets consist of the following:

 

 

 

Weighted

 

 

 

 

 

 

 

 

 

 

Average

 

September 30,

 

 

September 30,

 

 

 

Useful Life

 

2017

 

 

2016

 

 

 

 

 

(in millions)

 

Intangible assets subject to amortization:

 

 

 

 

 

 

 

 

 

 

Recorded music catalog

 

10 years

 

$

898

 

 

$

923

 

Music publishing copyrights

 

27 years

 

 

1,534

 

 

 

1,504

 

Artist and songwriter contracts

 

13 years

 

 

904

 

 

 

883

 

Trademarks

 

6 years

 

 

14

 

 

 

7

 

Other intangible assets

 

7 years

 

 

10

 

 

 

5

 

Total gross intangible asset subject to amortization

 

 

 

 

3,360

 

 

 

3,322

 

Accumulated amortization

 

 

 

 

(1,270

)

 

 

(1,121

)

Total net intangible assets subject to amortization

 

 

 

 

2,090

 

 

 

2,201

 

Intangible assets not subject to amortization:

 

 

 

 

 

 

 

 

 

 

Trademarks and tradenames

 

Indefinite

 

 

117

 

 

 

116

 

Total net other intangible assets

 

 

 

$

2,207

 

 

$

2,317

 

 

Expected Amortization of Intangible Assets

Based on the amount of intangible assets subject to amortization at September 30, 2017, the expected amortization for each of the next five fiscal years and thereafter are as follows:

 

 

 

Fiscal Years Ended

 

 

 

September 30,

 

 

 

(in millions)

 

2018

 

$

209

 

2019

 

 

194

 

2020

 

 

179

 

2021

 

 

179

 

2022

 

 

174

 

Thereafter

 

 

1,155

 

 

 

$

2,090