Goodwill and Intangible Assets

Goodwill

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)	89			—		89
Divestitures	—			—		—
Other adjustments (b)	(9		)	—		(9		)
Balance at June 30, 2019	$	1,308		$	464	$	1,772

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(a)	Relates to the acquisition of EMP during the nine months ended June 30, 2019.


(b)	Other adjustments during the nine months ended June 30, 2019 represent foreign currency movements.

The Company performs its annual goodwill impairment test in accordance with ASC 350, Intangibles—Goodwill and other (“ASC 350”) during the fourth quarter of each fiscal year as of July 1. The Company may conduct an earlier review if events or circumstances occur that would suggest the carrying value of the Company’s goodwill may not be recoverable. No indicators of impairment were identified during the current period that required the Company to perform an interim assessment or recoverability test.

Intangible Assets

Intangible assets consist of the following:



	Weighted Average Useful Life	June 30, 2019			September 30, 2018
		(in millions)
Intangible assets subject to amortization:
Recorded music catalog	10 years	$	861		$	870
Music publishing copyrights	26 years	1,555			1,540
Artist and songwriter contracts	13 years	853			864
Trademarks	18 years	52			12
Other intangible assets	7 years	58			26
Total gross intangible asset subject to amortization		3,379			3,312
Accumulated amortization		(1,599		)	(1,461		)
Total net intangible assets subject to amortization		1,780			1,851
Intangible assets not subject to amortization:
Trademarks and tradenames	Indefinite	153			154
Total net intangible assets		$	1,933		$	2,005

As of June 30, 2019, the Company disposed of $7 million of gross intangible assets that were fully amortized.