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Goodwill and Intangible Assets (Tables)
6 Months Ended
Mar. 31, 2019
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, 2018

 

$

1,228

 

 

$

464

 

 

$

1,692

 

Acquisitions (a)

 

 

109

 

 

 

 

 

 

109

 

Divestitures

 

 

(1

)

 

 

 

 

 

(1

)

Other adjustments (b)

 

 

(13

)

 

 

 

 

 

(13

)

Balance at March 31, 2019

 

$

1,323

 

 

$

464

 

 

$

1,787

 

 

 

(a)

Relates to the acquisition of EMP during the six months ended March 31, 2019.

(b)

Other adjustments during the six months ended March 31, 2019 represent foreign currency movements.

Schedule of Intangible Assets

Intangible assets consist of the following:

 

 

 

Weighted

 

 

 

 

 

 

 

 

 

 

Average

 

March 31,

 

 

September 30,

 

 

 

Useful Life

 

2019

 

 

2018

 

 

 

 

 

(in millions)

 

Intangible assets subject to amortization:

 

 

 

 

 

 

 

 

 

 

Recorded music catalog

 

10 years

 

$

864

 

 

$

870

 

Music publishing copyrights

 

26 years

 

 

1,546

 

 

 

1,540

 

Artist and songwriter contracts

 

13 years

 

 

858

 

 

 

864

 

Trademarks

 

6 years

 

 

12

 

 

 

12

 

Other intangible assets

 

5 years

 

 

81

 

 

 

26

 

Total gross intangible asset subject to amortization

 

 

 

 

3,361

 

 

 

3,312

 

Accumulated amortization

 

 

 

 

(1,559

)

 

 

(1,461

)

Total net intangible assets subject to amortization

 

 

 

 

1,802

 

 

 

1,851

 

Intangible assets not subject to amortization:

 

 

 

 

 

 

 

 

 

 

Trademarks and tradenames

 

Indefinite

 

 

153

 

 

 

154

 

Total net intangible assets

 

 

 

$

1,955

 

 

$

2,005