Warner Music (WMG) 10-K 8 Dec 16 2016 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Sep. 30, 2016	Dec. 08, 2016	Mar. 31, 2016
Document And Entity Information [Abstract]
Document Type	10-K
Amendment Flag	false
Document Period End Date	Sep. 30, 2016
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	FY
Trading Symbol	wmg
Entity Registrant Name	Warner Music Group Corp.
Entity Central Index Key	1,319,161
Current Fiscal Year End Date	--09-30
Entity Well-known Seasoned Issuer	No
Entity Current Reporting Status	No
Entity Voluntary Filers	Yes
Entity Filer Category	Non-accelerated Filer
Entity Common Stock, Shares Outstanding		1,055
Entity Public Float			$ 0

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Millions		Sep. 30, 2016	Sep. 30, 2015
Current assets:
Cash and equivalents		$ 359	$ 246
Accounts receivable, net of allowances of $52 million and $56 million		329	349
Inventories		41	42
Royalty advances expected to be recouped within one year		128	130
Prepaid and other current assets		51	60
Total current assets		908	827
Royalty advances expected to be recouped after one year		196	195
Property, plant and equipment, net		203	220
Goodwill		1,627	1,632
Intangible assets subject to amortization, net		2,201	2,514
Intangible assets not subject to amortization		116	119
Other assets		118	114
Total assets		5,369	5,621
Current liabilities:
Accounts payable		204	173
Accrued royalties		1,104	1,087
Accrued liabilities		297	296
Accrued interest		38	58
Deferred revenue		178	206
Current portion of long-term debt			13
Other current liabilities		21	24
Total current liabilities		1,842	1,857
Long-term debt	[1]	2,812	2,981
Deferred tax liabilities, net		269	302
Other noncurrent liabilities		236	242
Total liabilities		5,159	5,382
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		(715)	(740)
Accumulated other comprehensive loss, net		(218)	(167)
Total Warner Music Group Corp. equity		195	221
Noncontrolling interest		15	18
Total equity		210	239
Total liabilities and equity		$ 5,369	$ 5,621
[1]	Total long-term debt, including the current portion does not reflect the October 2016 tender offers for, and satisfaction and discharge of, the 6.000% Senior Secured Notes due 2021 and the 6.250% Senior Secured Notes due 2021, the October issuance of 4.125% Senior Secured Notes due 2024 and 4.875% Senior Secured Notes due 2024, the November 2016 Senior Term Loan Credit Agreement Amendment, or the November redemption of the 5.625% Senior Secured Notes due 2022. See “Recent Developments – Tender Offers and Satisfaction and Discharge” and “Liquidity – New Senior Secured Notes.”

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Millions	Sep. 30, 2016	Sep. 30, 2015
Statement Of Financial Position [Abstract]
Accounts receivable, allowances	$ 52	$ 56
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares authorized	10,000	10,000
Common stock, shares issued	1,055	1,055
Common stock, shares outstanding	1,055	1,055

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($) $ in Millions	3 Months Ended																12 Months Ended
	Sep. 30, 2016		Jun. 30, 2016		Mar. 31, 2016		Dec. 31, 2015		Sep. 30, 2015		Jun. 30, 2015		Mar. 31, 2015		Dec. 31, 2014		Sep. 30, 2016		Sep. 30, 2015		Sep. 30, 2014
Income Statement [Abstract]
Revenues	$ 841		$ 811		$ 745		$ 849		$ 750		$ 710		$ 677		$ 829		$ 3,246		$ 2,966		$ 3,027
Costs and expenses:
Cost of revenue	(436)		(448)		(374)		(449)		(375)		(373)		(318)		(445)		(1,707)		(1,511)		(1,570)
Selling, general and administrative expenses	(295)	[1]	(255)	[1]	(256)	[1]	(276)	[1]	(274)	[2]	(251)	[2]	(252)	[2]	(296)	[2]	(1,082)	[3]	(1,073)	[3]	(1,172)	[3]
Amortization expense	(55)		(63)		(63)		(62)		(64)		(63)		(63)		(65)		(243)		(255)		(266)
Total costs and expenses	(786)		(766)		(693)		(787)		(713)		(687)		(633)		(806)		(3,032)		(2,839)		(3,008)
Operating income	55		45		52		62		37		23		44		23		214		127		19
Loss on extinguishment of debt	(14)				(4)												(18)				(141)
Interest expense, net	(42)		(43)		(43)		(45)		(45)		(45)		(45)		(46)		(173)		(181)		(203)
Other income (expense)	(7)		(5)		22		8		(9)		(17)		14		(9)		18		(21)		(4)
Income (loss) before income taxes	(8)		(3)		27		25		(17)		(39)		13		(32)		41		(75)		(329)
Income tax (expense) benefit	5		(4)		(15)		3		(6)		(4)		6		(9)		(11)		(13)		26
Net income (loss)																	30		(88)		(303)
Less: Income attributable to noncontrolling interest	(1)		(2)		(1)		(1)				(1)		(1)		(1)		(5)		(3)		(5)
Net income (loss) attributable to Warner Music Group Corp.	$ (4)		$ (9)		$ 11		$ 27		$ (23)		$ (44)		$ 18		$ (42)		$ 25		$ (91)		$ (308)
[1]	(a) Includes depreciation expense of: $(13) $(12) $(12) $(13)
[2]	(a) Includes depreciation expense of: $(12) $(14) $(14) $(14)
[3]	(a) Includes depreciation expense of: $(50) $(54) $(55)

Consolidated Statements of Ope5

Consolidated Statements of Operations (Parenthetical) - USD ($) $ in Millions	3 Months Ended								12 Months Ended
	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2014
Income Statement [Abstract]
Depreciation expense	$ (13)	$ (12)	$ (12)	$ (13)	$ (12)	$ (14)	$ (14)	$ (14)	$ (50)	$ (54)	$ (55)

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Loss - USD ($) $ in Millions	12 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2014
Statement Of Income And Comprehensive Income [Abstract]
Net income (loss)	$ 30	$ (88)	$ (303)
Other comprehensive loss, net of tax
Foreign currency adjustment	(44)	(59)	(41)
Minimum pension liability	(7)		(6)
Other comprehensive income (loss), net of tax	(51)	(59)	(47)
Total comprehensive (loss) income	(21)	(147)	(350)
Less: Income attributable to noncontrolling interest	(5)	(3)	(5)
Comprehensive (loss) income attributable to Warner Music Group Corp.	$ (26)	$ (150)	$ (355)

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Millions	12 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2014
Cash flows from operating activities
Net income (loss)	$ 30	$ (88)	$ (303)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation and amortization	293	309	321
Unrealized gains/losses and remeasurement of foreign denominated loans		28	(39)
Deferred income taxes	(26)	(11)	(55)
Loss on extinguishment of debt	18		141
Net gain on divestitures	(9)		(2)
Gain on sale of real estate	(24)
Non-cash interest expense	11	11	13
Non-cash share-based compensation expense	23	3	8
Changes in operating assets and liabilities:
Accounts receivable	17	6	72
Inventories		(6)	(7)
Royalty advances	(13)	(46)	(32)
Accounts payable and accrued liabilities	23	(17)	(87)
Royalty payables	49	27	25
Accrued interest	(20)	(2)	(15)
Deferred revenue	(35)	12	95
Other balance sheet changes	5	(4)	(5)
Net cash provided by operating activities	342	222	130
Cash flows from investing activities
Acquisition of music publishing rights, net	(25)	(16)	(26)
Capital expenditures	(42)	(63)	(76)
Investments and acquisitions of businesses, net	(28)	(16)	(53)
Divestitures, net of cash on hand	45
Proceeds from the sale of real estate	42
Net cash used in investing activities	(8)	(95)	(155)
Cash flows from financing activities
Proceeds from the Revolving Credit Facility		258	600
Repayment of the Revolving Credit Facility		(258)	(600)
Repayment of Acquisition Corp. Senior Term Loan Facility	(309)	(13)	(10)
Financing costs paid	(10)		(104)
Deferred financing costs paid	(4)		(13)
Distribution to noncontrolling interest holder	(5)	(3)	(3)
Repayment of capital lease obligations	(14)	(3)	(3)
Net cash used in financing activities	(216)	(19)	37
Effect of exchange rate changes on cash and equivalents	(5)	(19)	(10)
Net increase in cash and equivalents	113	89	2
Cash and equivalents at beginning of period	246	157	155
Cash and equivalents at end of period	359	$ 246	157
5.00% Senior Secured Notes
Cash flows from financing activities
Proceeds from issuance of Acquisition Corp	300
5.265% Senior Secured Notes
Cash flows from financing activities
Proceeds from issuance of Acquisition Corp			275
6.750% Senior Notes
Cash flows from financing activities
Repayment of Senior Notes	(24)
Proceeds from issuance of Acquisition Corp Senior Notes			660
13.75% Senior Notes due 2019
Cash flows from financing activities
Repayment of Senior Notes	$ (150)
11.5% Senior Notes
Cash flows from financing activities
Repayment of Senior Notes			$ (765)

Consolidated Statements of Cas8

Consolidated Statements of Cash Flows (Parenthetical)	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2014
5.00% Senior Secured Notes
Interest rate	5.00%	5.00%	5.00%
5.265% Senior Secured Notes
Interest rate	5.265%	5.265%	5.265%
6.750% Senior Notes
Interest rate	6.75%	6.75%	6.75%
11.5% Senior Notes
Interest rate	11.50%	11.50%	11.50%
13.75% Senior Notes due 2019
Interest rate	13.75%	13.75%	13.75%

Consolidated Statement of Equit

Consolidated Statement of Equity - USD ($) $ in Millions	Total	Common Stock	Additional Paid-in Capital	Accumulated Deficit	Accumulated Other Comprehensive Loss	Total Warner Music Group Corp. Equity	Noncontrolling Interest
Beginning balance at Sep. 30, 2013	$ 743		$ 1,128	$ (341)	$ (61)	$ 726	$ 17
Beginning balance, shares at Sep. 30, 2013		1,055
Net (loss) income	(303)			(308)		(308)	5
Other comprehensive loss, net of tax	(47)				(47)	(47)
Distribution to noncontrolling interest holders	(3)						(3)
Ending balance at Sep. 30, 2014	390		1,128	(649)	(108)	371	19
Ending balance, shares at Sep. 30, 2014		1,055
Net (loss) income	(88)			(91)		(91)	3
Other comprehensive loss, net of tax	(59)				(59)	(59)
Distribution to noncontrolling interest holders	(4)						(4)
Ending balance at Sep. 30, 2015	$ 239		1,128	(740)	(167)	221	18
Ending balance, shares at Sep. 30, 2015	1,055	1,055
Net (loss) income	$ 30			25		25	5
Other comprehensive loss, net of tax	(51)				(51)	(51)
Disposal of noncontrolling interest related to divestiture	(3)						(3)
Distribution to noncontrolling interest holders	(5)						(5)
Ending balance at Sep. 30, 2016	$ 210		$ 1,128	$ (715)	$ (218)	$ 195	$ 15
Ending balance, shares at Sep. 30, 2016	1,055	1,055

Description of Business

Description of Business	12 Months Ended
	Sep. 30, 2016
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Description of Business	1. Description of Business Warner Music Group Corp. (the “Company”) was formed on November 21, 2003. The Company is the direct parent of WMG Holdings Corp. (“Holdings”), which is the direct parent of WMG Acquisition Corp. (“Acquisition Corp.”). Acquisition Corp. is one of the world’s major music-based content companies. Acquisition of Warner Music Group by Access Industries Pursuant to an Agreement and Plan of Merger, dated as of May 6, 2011 (the “Merger Agreement”), by and among the Company, AI Entertainment Holdings LLC (formerly Airplanes Music LLC), a Delaware limited liability company (“Parent”) and an affiliate of Access Industries, Inc. (“Access”), and Airplanes Merger Sub, Inc., a Delaware corporation and a wholly owned subsidiary of Parent (“Merger Sub”), on July 20, 2011 (the “Merger Closing Date”), Merger Sub merged with and into the Company with the Company surviving as a wholly owned subsidiary of Parent (the “Merger”). In connection with the Merger, the Company delisted its common stock from the NYSE. The Company continues voluntarily to file with the SEC current and periodic reports that would be required to be filed with the SEC pursuant to Section 15(d) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”) as provided for in certain covenants contained in the instruments covering its outstanding indebtedness. Acquisition of Parlophone Label Group On July 1, 2013, the Company completed its acquisition of Parlophone Label Group. The Company classifies its business interests into two fundamental operations: Recorded Music and Music Publishing. A brief description of these operations is presented below. Recorded Music Operations The Company’s Recorded Music business primarily consists of the discovery and development of artists and the related marketing, distribution and licensing of recorded music produced by such artists. The Company plays an integral role in virtually all aspects of the recorded music value chain from discovering and developing talent to producing albums and promoting artists and their products. In the United States, Recorded Music operations are conducted principally through the Company’s major record labels—Warner Bros. Records and Atlantic Records. The Company’s Recorded Music operations also include Rhino, a division that specializes in marketing the Company’s music catalog through compilations and reissuances of previously released music and video titles. The Company also conducts its Recorded Music operations through a collection of additional record labels, including, Asylum, Big Beat, Canvasback, Eastwest, Elektra, Erato, FFRR, Fueled by Ramen, Nonesuch, Parlophone, Reprise, Roadrunner, Sire, Warner Classics and Warner Music Nashville. Outside the United States, Recorded Music activities are conducted in more than 50 countries through various subsidiaries, affiliates and non-affiliated licensees. Internationally, the Company engages in the same activities as in the United States: discovering and signing artists and distributing, marketing and selling their recorded music. In most cases, the Company also markets and distributes the records of those artists for whom the Company’s domestic record labels have international rights. In certain smaller markets, the Company licenses the right to distribute the Company’s records to non-affiliated third-party record labels. The Company’s international artist services operations include a network of concert promoters through which it provides resources to coordinate tours for the Company’s artists and other artists as well as management companies that guide artists with respect to their careers. The Company’s Recorded Music distribution operations include Warner-Elektra-Atlantic Corporation (“WEA Corp.”), which markets and sells music and video products to retailers and wholesale distributors; Alternative Distribution Alliance (“ADA”), which distributes the products of independent labels to retail and wholesale distributors; and various distribution centers and ventures operated internationally. In addition to the Company’s Recorded Music products being sold in physical retail outlets, Recorded Music products are also sold in physical form to online physical retailers such as Amazon.com and bestbuy.com and in digital form to online digital download services such as Apple’s iTunes and Google Play, and are offered by digital streaming services such as Apple Music, Deezer, Napster, Spotify and YouTube, including digital radio services such as iHeart Radio, Pandora and Sirius XM. The Company has integrated the exploitation of digital content into all aspects of its business, including artist and repertoire (“A&R”), marketing, promotion and distribution. The Company’s business development executives work closely with A&R departments to ensure that while a record is being produced, digital assets are also created with all distribution channels in mind, including streaming services, social networking sites, online portals and music-centered destinations. The Company also works side by side with its online and mobile partners to test new concepts. The Company believes existing and new digital businesses will be a significant source of growth and will provide new opportunities to successfully monetize its assets and create new revenue streams. The proportion of digital revenues attributed to each distribution channel varies by region and proportions may change as the roll out of new technologies continues. As an owner of music content, the Company believes it is well positioned to take advantage of growth in digital distribution and emerging technologies to maximize the value of its assets. The Company has diversified its revenues beyond its traditional businesses by entering into expanded-rights deals with recording artists in order to partner with artists in other aspects of their careers. Under these agreements, the Company provides services to and participates in artists’ activities outside the traditional recorded music business such as touring, merchandising and sponsorships. The Company has built artist services capabilities and platforms for exploiting this broader set of music-related rights and participating more widely in the monetization of the artist brands it helps create. The Company believes that entering into expanded-rights deals and enhancing its artist services capabilities in areas such as concert promotion and management have permitted it to diversify revenue streams and capitalize on other revenue opportunities. This provides for improved long-term relationships with artists and allows the Company to more effectively connect artists and fans. Music Publishing Operations While recorded music is focused on exploiting a particular recording of a composition, music publishing is an intellectual property business focused on the exploitation of the composition itself. In return for promoting, placing, marketing and administering the creative output of a songwriter, or engaging in those activities for other rightsholders, the Company’s Music Publishing business garners a share of the revenues generated from use of the composition. The Company’s Music Publishing operations are conducted principally through Warner/Chappell, its global Music Publishing company, headquartered in Los Angeles with operations in over 50 countries through various subsidiaries, affiliates and non-affiliated licensees. The Company owns or controls rights to more than one million musical compositions, including numerous pop hits, American standards, folk songs and motion picture and theatrical compositions. Assembled over decades, its award-winning catalog includes over 70,000 songwriters and composers and a diverse range of genres including pop, rock, jazz, classical, country, R&B, hip-hop, rap, reggae, Latin, folk, blues, symphonic, soul, Broadway, techno, alternative, gospel and other Christian music. Warner/Chappell also administers the music and soundtracks of several third-party television and film producers and studios, including Lucasfilm, Ltd., Hallmark Entertainment and Disney Music Publishing. The Company has an extensive production music library collectively branded as Warner/Chappell Production Music.

Summary of Significant Accounti

Summary of Significant Accounting Policies	12 Months Ended
	Sep. 30, 2016
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	2. Summary of Significant Accounting Policies Basis of Presentation The accompanying consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States (“U.S. GAAP”). In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation have been included. The Company maintains a 52-53 week fiscal year ending on the last Friday in each reporting period. The fiscal year ended September 30, 2016 ended on September 30, 2016, the fiscal year ended September 30, 2015 ended on September 25, 2015, and the fiscal year ended September 30, 2014 ended on September 26, 2014. For convenience purposes, the Company continues to date its financial statements as of September 30. Basis of Consolidation The accompanying financial statements present the consolidated accounts of all entities in which the Company has a controlling voting interest and/or variable interest required to be consolidated in accordance with U.S. GAAP. All intercompany balances and transactions have been eliminated. Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) Topic 810, Consolidation (“ASC 810”) requires the Company first evaluate its investments to determine if any investments qualify as a variable interest entity (“VIE”). A VIE is consolidated if the Company is deemed to be the primary beneficiary of the VIE, which is the party involved with the VIE that has both (i) the power to control the most significant activities of the VIE and (ii) either the obligation to absorb losses or the right to receive benefits that could potentially be significant to the VIE. If an entity is not deemed to be a VIE, the Company consolidates the entity if the Company has a controlling voting interest. Reclassifications Certain reclassifications have been made to the prior fiscal years’ consolidated financial statements to conform to the current fiscal-year presentation. Use of Estimates The preparation of consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the amounts reported in the Consolidated Financial Statements and the accompanying notes. Actual results could differ from those estimates. Business Combinations The Company accounts for its business acquisitions under the FASB ASC Topic 805, Business Combinations (“ASC 805”) guidance for business combinations. The total cost of acquisitions is allocated to the underlying identifiable net assets based on their respective estimated fair values. The excess of the purchase price over the estimated fair values of the net assets acquired is recorded as goodwill. Determining the fair value of assets acquired and liabilities assumed requires management’s judgment and often involves the use of significant estimates and assumptions, including assumptions with respect to future cash inflows and outflows, discount rates, asset lives and market multiples, among other items. Cash and Equivalents The Company considers all highly liquid investments with maturities of three months or less at the date of purchase to be cash equivalents. The Company includes checks outstanding at year end as a component of accounts payable, instead of a reduction in its cash balance where there is not a right of offset in the related bank accounts. Accounts Receivable Credit is extended to customers based upon an evaluation of the customer’s financial condition. Accounts receivable are recorded at net realizable value. Sales Returns and Allowance for Doubtful Accounts Management’s estimate of physical recorded music products that will be returned, and the amount of receivables that will ultimately be collected is an area of judgment affecting reported revenues and operating income. In determining the estimate of physical product sales that will be returned, management analyzes vendor sales of product, historical return trends, current economic conditions, changes in customer demand and commercial acceptance of our products. Based on this information, management reserves a percentage of each dollar of physical product sales that provide the customer with the right of return. The provision for such sales returns is reflected as a reduction in the revenues from the related sale. Similarly, the Company monitors customer credit risk related to accounts receivable. Significant judgments and estimates are involved in evaluating if such amounts will ultimately be fully collected. On an ongoing basis, the Company tracks customer exposure based on news reports, ratings agency information, reviews of customer financial data and direct dialogue with customers. Counterparties that are determined to be of a higher risk are evaluated to assess whether the payment terms previously granted to them should be modified. The Company also monitors payment levels from customers, and a provision for estimated uncollectible amounts is maintained based on such payment levels, historical experience, management’s views on trends in the overall receivable agings and, for larger accounts, analyses of specific risks on a customer specific basis. Concentration of Credit Risk Customer credit risk represents the potential for financial loss if a customer is unwilling or unable to meet its agreed upon contractual payment obligations. The Company has no Recorded Music customers that individually represent more than 10% of the Company’s consolidated gross accounts receivable. As such, the Company does not believe there is any significant collection risk. In the Music Publishing business, the Company collects a significant portion of its royalties from copyright collection societies around the world. Collection societies and associations generally are not-for-profit organizations that represent composers, songwriters and music publishers. These organizations seek to protect the rights of their members by licensing, collecting license fees and distributing royalties for the use of the members’ works. Accordingly, the Company does not believe there is any significant collection risk from such societies. Inventories Inventories consist of DVDs, CDs, Vinyl and related music products. Inventories are stated at the lower of cost or estimated realizable value. Cost is determined using first-in, first-out (“FIFO”) and average cost methods, which approximate cost under the FIFO method. Returned goods included in inventory are valued at estimated realizable value, but not in excess of cost. Derivative and Financial Instruments The Company accounts for these investments as required by the FASB ASC Topic 815, Derivatives and Hedging (“ASC 815”), which requires that all derivative instruments be recognized on the balance sheet at fair value. ASC 815 also provides that, for derivative instruments that qualify for hedge accounting, changes in the fair value are either (a) offset against the change in fair value of the hedged assets, liabilities, or firm commitments through earnings or (b) recognized in equity until the hedged item is recognized in earnings, depending on whether the derivative is being used to hedge changes in fair value or cash flows. In addition, the ineffective portion of a derivative’s change in fair value is immediately recognized in earnings. The carrying value of the Company’s financial instruments approximates fair value, except for certain differences relating to long-term, fixed-rate debt (see Note 16) and other financial instruments that are not significant. The fair value of financial instruments is generally determined by reference to market values resulting from trading on a national securities exchange or an over-the-counter market. In cases where quoted market prices are not available, fair value is based on estimates using present value or other valuation techniques. Property, Plant and Equipment Property, plant and equipment existing at the date of the Merger or acquired in conjunction with subsequent business combinations are recorded at fair value. All other additions are recorded at historical cost. Depreciation is calculated using the straight-line method based upon the estimated useful lives of depreciable assets as follows: five to seven years for furniture and fixtures, periods of up to five years for computer equipment and periods of up to five years for machinery and equipment. Buildings are depreciated over periods of up to forty years. Leasehold improvements are depreciated over the life of the lease or estimated useful lives of the improvements, whichever period is shorter. Internal-Use Software Development Costs As required by FASB ASC Subtopic 350-40, Internal-Use Software (“ASC 350-40”), the Company capitalizes certain external and internal computer software costs incurred during the application development stage. The application development stage generally includes software design and configuration, coding, testing and installation activities. Training and maintenance costs are expensed as incurred, while upgrades and enhancements are capitalized if it is probable that such expenditures will result in additional functionality. Capitalized software costs are depreciated over the estimated useful life of the underlying project on a straight-line basis, generally not exceeding five years and are recorded as a component of depreciation expense. Accounting for Goodwill and Other Intangible Assets In accordance with FASB ASC Topic 350, Intangibles-Goodwill and Other (“ASC 350”), the Company accounts for business combinations using the acquisition method of accounting and accordingly, the assets and liabilities of the acquired entities are recorded at their estimated fair values at the acquisition date. Goodwill represents the excess of the purchase price over the fair value of net assets, including the amount assigned to identifiable intangible assets. Pursuant to this guidance, the Company does not amortize the goodwill balance and instead, performs an annual impairment test to assess the fair value of goodwill over its carrying value. Identifiable intangible assets with finite lives are amortized over their useful lives. Goodwill impairment is determined using a two-step process. The first step involves a comparison of the estimated fair value of the reporting unit to its carrying amount, including goodwill. If the estimated fair value of the reporting unit exceeds its carrying amount, its goodwill is not impaired and the second step of the impairment test is not necessary. If the carrying amount of the reporting unit exceeds its estimated fair value, then the second step of the goodwill impairment test must be performed. The second step of the goodwill impairment test compares the implied fair value of the reporting unit goodwill with its carrying amount to measure the amount of impairment, if any. The implied fair value of goodwill is determined in the same manner as the amount of goodwill recognized in a business combination. If the carrying amount of the reporting unit goodwill exceeds the implied fair value of that goodwill, an impairment is recognized in an amount equal to that excess. Goodwill is tested annually for impairment during the fourth quarter of each fiscal year as of July 1 or earlier upon the occurrence of certain events or substantive changes in circumstances. The Company performs an annual impairment test of its indefinite-lived intangible assets as of July 1 of each fiscal year, unless events occur which trigger the need for an earlier impairment test. The impairment test involves a comparison of the estimated fair value of the intangible asset with its carrying value. If the carrying value of the intangible asset exceeds its fair value, an impairment loss is recognized in an amount equal to that excess. The estimates of fair value of intangible assets not subject to amortization are determined using a DCF analysis. Common among such an approach is the “relief from royalty” methodology, which is used in estimating the fair value of the Company’s trademarks. Discount rate assumptions are based on an assessment of the risk inherent in the projected future cash flows generated by the respective intangible assets. Also subject to judgment are assumptions about royalty rates, which are based on the estimated rates at which similar trademarks are being licensed in the marketplace. The impairment tests require management to make assumptions about future conditions impacting the value of the indefinite-lived intangible assets, including projected growth rates, cost of capital, effective tax rates, tax amortization periods, royalty rates, market share and others. Valuation of Long-Lived Assets The Company periodically reviews the carrying value of its long-lived assets, including finite lived intangibles, property, plant and equipment and amortizable intangible assets, whenever events or changes in circumstances indicate that the carrying value may not be recoverable or that the lives assigned may no longer be appropriate. To the extent the estimated future cash inflows attributable to the asset, less estimated future cash outflows, are less than the carrying amount, an impairment loss is recognized in an amount equal to the difference between the carrying value of such asset and its fair value. Assets to be disposed of and for which there is a committed plan to dispose of the assets, whether through sale or abandonment, are reported at the lower of carrying value or fair value less costs to sell. If it is determined that events and circumstances warrant a revision to the remaining period of amortization, an asset’s remaining useful life would be changed, and the remaining carrying amount of the asset would be amortized prospectively over that revised remaining useful life. Foreign Currency Translation The financial position and operating results of substantially all foreign operations are consolidated using the local currency as the functional currency. Local currency assets and liabilities are translated at the rates of exchange on the balance sheet date, and local currency revenues and expenses are translated at average rates of exchange during the period. Resulting translation gains or losses are included in the accompanying consolidated statements of equity as a component of accumulated other comprehensive loss. Revenues Recorded Music As required by FASB ASC Topic 605, Revenue Recognition (“ASC 605”), the Company recognizes revenue when persuasive evidence of an arrangement exists, delivery has occurred, the sales price is fixed or determinable and collection is probable. Revenues from the sale of physical Recorded Music products are recognized upon delivery, which occurs once the product has been shipped and title and risk of loss have been transferred. In accordance with industry practice and as is customary in many territories, certain products, such as CDs and DVDs, are sold to customers with the right to return unsold items. Revenues from such sales are generally recognized upon shipment based on gross sales less a provision for future estimated returns. Revenues from the sale of Recorded Music products through digital distribution channels are recognized when the products are sold and related sales accounting reports are delivered by the providers. Music Publishing Music Publishing revenues are earned from the receipt of royalties relating to the licensing of rights in musical compositions, and the sale of published sheet music and songbooks. The receipt of royalties principally relates to amounts earned from the public performance of copyrighted material, the mechanical reproduction of copyrighted material on recorded media including digital formats, and the use of copyrighted material in synchronization with visual images. Consistent with industry practice, music publishing royalties, except for synchronization royalties, generally are recognized as revenue when cash is received. Synchronization revenue is recognized as revenue on an accrual basis when all revenue recognition criteria are met in accordance with ASC 605. Gross Versus Net Revenue Classification In the normal course of business, the Company acts as an intermediary or agent with respect to certain payments received from third parties. For example, the Company distributes music product on behalf of third-party record labels. As required by FASB ASC Subtopic 605-45, Principal Agent Considerations, such transactions are recorded on a “gross” or “net” basis depending on whether the Company is acting as the “principal” in the transaction or acting as an “agent” in the transaction. The Company serves as the principal in transactions in which it has substantial risks and rewards of ownership and, accordingly, revenues are recorded on a gross basis. For those transactions in which the Company does not have substantial risks and rewards of ownership, the Company is considered an agent and, accordingly, revenues are recorded on a net basis. To the extent revenues are recorded on a gross basis, any participations and royalties paid to third parties are recorded as expenses so that the net amount (gross revenues less expenses) flows through operating income. To the extent revenues are recorded on a net basis, revenues are reported based on the amounts received, less participations and royalties paid to third parties. In both cases, the impact on operating income is the same whether the Company records the revenues on a gross or net basis. Based on an evaluation of the individual terms of each contract and whether the Company is acting as principal or agent, the Company generally records revenues from the distribution of recorded music product on behalf of third-party record labels on a gross basis. However, revenues are recorded on a net basis for recorded music compilations distributed by other record companies where the Company has a right to participate in the profits. Royalty Advances and Royalty Costs The Company regularly commits to and pays royalty advances to its recording artists and songwriters in respect of future sales. The Company accounts for these advances under the related guidance in FASB ASC Topic 928, Entertainment—Music (“ASC 928”). Under ASC 928, the Company capitalizes as assets certain advances that it believes are recoverable from future royalties to be earned by the recording artist or songwriter. Advances vary in both amount and expected life based on the underlying recording artist or songwriter. The Company’s decision to capitalize an advance to a recording artist or songwriter as an asset requires significant judgment as to the recoverability of the advance. The recoverability is assessed upon initial commitment of the advance based upon the Company’s forecast of anticipated revenue from the sale of future and existing albums or songs. In determining whether the advance is recoverable, the Company evaluates the current and past popularity of the recording artist or songwriter, the sales history of the recording artist or songwriter, the initial or expected commercial acceptability of the product, the current and past popularity of the genre of music that the product is designed to appeal to, and other relevant factors. Based upon this information, the Company expenses the portion of any advance that it believes is not recoverable. In most cases, advances to recording artists or songwriters without a history of success and evidence of current or past popularity will be expensed immediately. Significant advances are individually assessed for recoverability continuously and at minimum on a quarterly basis. As part of the ongoing assessment of recoverability, the Company monitors the projection of future sales based on the current environment, the recording artist’s or songwriter’s ability to meet their contractual obligations as well as the Company’s intent to support future album releases or songs from the recording artist or songwriter. To the extent that a portion of an outstanding advance is no longer deemed recoverable, that amount will be expensed in the period the determination is made. Advertising As required by the FASB ASC Subtopic 720-35, Advertising Costs (“ASC 720-35”), advertising costs, including costs to produce music videos used for promotional purposes, are expensed as incurred. Advertising expense amounted to approximately $91 million, $88 million, and $83 million for the fiscal years ended September 30, 2016, 2015 and 2014, respectively. Deferred advertising costs, which principally relate to advertisements that have been paid for but not been exhibited or services that have not been received, were not material for all periods presented. Shipping and Handling The costs associated with shipping goods to customers are recorded as cost of revenues. Shipping and handling charges billed to customers are included in revenues. Share-Based Compensation The Company accounts for share-based payments as required by FASB ASC Topic 718, Compensation-Stock Compensation (“ASC 718”). ASC 718 requires all share-based payments to employees, including grants of employee stock options, to be recognized as compensation expense. Under the fair value recognition provision of ASC 718, equity classified share-based compensation cost is measured at the grant date based on the fair value of the award and is recognized as expense over the vesting period. Under the recognition provision of ASC 718, liability classified share-based compensation costs are measured each reporting date until settlement. The Company’s policy is to measure share-based compensation costs using the intrinsic value method instead of fair value as it is not practical to estimate the volatility of its share price. During fiscal year 2013, the Company initiated a long term incentive plan that has liability classification for share-based compensation awards. The plan was in place during fiscal years 2014, 2015 and 2016. Income Taxes Income taxes are provided using the asset and liability method presented by FASB ASC Topic 740, Income Taxes (“ASC 740”). Under this method, income taxes (i.e., deferred tax assets, deferred tax liabilities, taxes currently payable/refunds receivable and tax expense) are recorded based on amounts refundable or payable in the current fiscal year and include the results of any differences between U.S. GAAP and tax reporting. Deferred income taxes reflect the tax effect of net operating loss, capital loss and general business credit carry forwards and the net tax effects of temporary differences between the carrying amount of assets and liabilities for financial statements and income tax purposes, as determined under enacted tax laws and rates. Valuation allowances are established when management determines that it is more likely than not that some portion or the entire deferred tax asset will not be realized. The financial effect of changes in tax laws or rates is accounted for in the period of enactment. From time to time, the Company engages in transactions in which the tax consequences may be subject to uncertainty. Significant judgment is required in assessing and estimating the tax consequences of these transactions. The Company prepares and files tax returns based on its interpretation of tax laws and regulations. In the normal course of business, the Company’s tax returns are subject to examination by various taxing authorities. Such examinations may result in future tax and interest assessments by these taxing authorities. In determining the Company’s tax provision for financial reporting purposes, the Company establishes a reserve for uncertain tax positions unless such positions are determined to be more likely than not of being sustained upon examination based on their technical merits. There is considerable judgment involved in determining whether positions taken on the Company’s tax returns are more likely than not of being sustained. New Accounting Pronouncements During the first quarter of fiscal 2016, the Company adopted ASU 2015-17, Balance Sheet Classification of Deferred Taxes (“ASU 2015-17”). ASU 2015-17 requires that deferred tax liabilities and assets be classified as noncurrent in a classified statement of financial position. The Company has elected to adopt this standard retrospectively, and thus the reclassification of prior period balances has been made. The application of ASU 2015-17 to the Company’s September 30, 2015 Consolidated Balance Sheets resulted in a decrease to current deferred tax assets of $52 million, an increase to non-current deferred tax assets of $2 million, and a decrease to non-current deferred tax liabilities of $50 million. In May 2014, the FASB issued guidance codified in ASC 606, Revenue Recognition – Revenue from Contracts with Customers (“ASC 606”), which replaces the guidance in former ASC 605, Revenue Recognition and ASC 928, Entertainment – Music. The amendment was the result of a joint effort by the FASB and the International Accounting Standards Board to improve financial reporting by creating common revenue recognition guidance for U.S. GAAP and international financial reporting standards ("IFRS"). The joint project clarifies the principles for recognizing revenue and develops a common revenue standard for U.S. GAAP and IFRS. ASC 606 is effective for annual periods beginning after December 15, 2017, and interim periods within those years. Early adoption is permitted only as of annual reporting periods beginning after December 15, 2016, including interim reporting periods within that reporting period. The update may be applied using one of two methods: retrospective application to each prior reporting period presented, or retrospective application with the cumulative effect of initially applying the update recognized at the date of initial application. The Company is currently evaluating the transition method that will be elected and the impact of the update on its financial statements and disclosures. In August 2014, the FASB issued ASU 2014-15, Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern (“ASU 2014-15”). This ASU will explicitly require management to assess an entity’s ability to continue as a going concern, and to provide related disclosure when substantial doubt exists. ASU 2014-15 will be effective in the first annual period ending after December 15, 2016, and interim periods thereafter. Earlier adoption is permitted. The Company does not expect the adoption of this guidance to have a material effect on our consolidated financial statements. In April 2015, the FASB issued ASU 2015-03, Simplifying the Presentation of Debt Issuance Costs (“ASU 2015-03”). This ASU will require that debt issuance costs are presented as a direct deduction to the related debt in the liability section of the balance sheet, rather than presented as an asset. ASU 2015-03 will be effective for annual periods beginning after December 15, 2015, and interim periods within those years. Earlier adoption is permitted. The adoption of this standard is not expected to have a significant impact on the Company’s financial statements, other than presentation. In January 2016, the FASB issued ASU 2016-01, Recognition and Measurement of Financial Assets and Financial Liabilities (“ASU 2016-01”). This ASU will require that equity investments are measured at fair value with changes in fair value recognized in net income. The Company may elect to measure equity investments that do not have a readily determinable fair value at cost minus impairment, if any, plus or minus changes resulting from observable price. ASU 2016-01 will be effective for annual periods beginning after December 15, 2017, and interim periods within those years. Earlier adoption is permitted. The adoption of this standard is not expected to have a significant impact on the Company’s financial statements, other than disclosure. In February 2016, the FASB issued ASU 2016-02, Leases (“ASU 2016-02”). This ASU establishes a right-of-use (“ROU”) model that requires a lessee to record a ROU asset and a lease liability on the balance sheet for all leases with terms longer than 12 months. Leases will be classified as either finance or operating, with classification affecting the pattern of expense recognition in the statement of operations. ASU 2016-02 will be effective for annual periods beginning after December 15, 2018, and interim periods within those years. Earlier adoption is permitted. The Company is evaluating the impact of the adoption of this standard on its financial statements and disclosures. In March 2016, the FASB issued ASU 2016-05, Derivatives and Hedging: Effect of Derivative Contract Novations on Existing Hedge Accounting Relationships (“ASU 2016-05”) and ASU 2016-06, Derivatives and Hedging: Contingent Put and Call Options in Debt Instruments (“ASU 2016-06”). ASU 2016-05 clarifies that a change in the counterparty to a derivative instrument that has been designated as a hedging instrument does not, in and of itself, require dedesignation of that hedging relationship provided that all other hedge accounting criteria continue to be met. ASU 2016-06 clarifies the steps required to determine bifurcation of an embedded derivative. ASU 2016- 05 and ASU 2016-06 are effective for annual periods beginning after December 15, 2016, and interim periods within those years. Early adoption is permitted. The guidance may be adopted prospectively or by a modified retrospective approach. The adoption of this standard is not expected to have a significant impact on the Company’s financial statements. In March 2016, the FASB issued ASU 2016-09, Compensation - Stock Compensation ("ASU 2016-09"). This ASU provides amended guidance which simplifies the accounting for share-based payment transactions involving multiple aspects of the accounting for share-based transactions, including income tax consequences, classification of awards as either equity or liabilities, and classification on the statement of cash flows. ASU 2016-09 is effective for annual periods beginning after December 15, 2016, and interim periods within those years. Early adoption is permitted. The Company is evaluating the impact of the adoption of this standard on its financial statements and disclosures. In August 2016, the FASB issued ASU 2016-15, Statement of Cash Flows: Classification of Certain Cash Receipts and Cash Payments ("ASU 2016-15"). This ASU provides specific guidance of how certain cash receipts and cash payments should be presented and classified in the statement of cash flows. ASU 2016-15 is effective for annual periods beginning after December 15, 2017, and interim periods within those years. Early adoption is permitted. The adoption of this standard is not expected to have a significant impact on the Company’s financial statements, other than presentation. In October 2016, the FASB issued ASU 2016-16, Income Taxes: Intra-Entity Transfers of Assets Other Than Inventory ("ASU 2016-16"). This ASU requires the recognition of current and deferred income taxes for intra-entity asset transfers when the transaction occurs. ASU 2016-16 is effective for annual periods beginning after December 15, 2017, and interim periods within those years. Early adoption is permitted. The adoption of this standard is not expected to have a significant impact on the Company’s financial statements, other than the presentation of gross deferred tax assets and valuation allowance in Note 7 to the accompanying Consolidated Financial Statements.

Comprehensive Income (Loss)

Comprehensive Income (Loss)	12 Months Ended
	Sep. 30, 2016
Equity [Abstract]
Comprehensive Income (Loss)	3. Comprehensive Income (Loss) Comprehensive income (loss), which is reported in the accompanying consolidated statements of equity, consists of net income (loss) and other gains and losses affecting equity that, under U.S. GAAP, are excluded from net income (loss). For the Company, the components of other comprehensive loss primarily consist of foreign currency translation losses, minimum pension liabilities, and deferred gains and losses on financial instruments designated as hedges under ASC 815, which include foreign exchange contracts. The following summary sets forth the changes in the components of accumulated other comprehensive loss, net of related taxes: Foreign Minimum Accumulated Currency Pension Other Translation Liability Comprehensive Loss Adjustment Loss, net (in millions) Balance at September 30, 2013 $ (57 ) $ (4 ) $ (61 ) Other comprehensive loss (a) (41 ) (6 ) (47 ) Amounts reclassified from accumulated other comprehensive income — — — Balance at September 30, 2014 $ (98 ) $ (10 ) $ (108 ) Other comprehensive loss (a) (59 ) — (59 ) Amounts reclassified from accumulated other comprehensive income — — — Balance at September 30, 2015 $ (157 ) $ (10 ) $ (167 ) Other comprehensive loss (a) (44 ) (6 ) (50 ) Amounts reclassified from accumulated other comprehensive income — (1 ) (1 ) Balance at September 30, 2016 $ (201 ) $ (17 ) $ (218 ) (a) Foreign currency translation adjustments include intra-entity foreign currency transactions that are of a long-term investment nature of $(108) million, $(63) million and $(13) million

Property, Plant and Equipment

Property, Plant and Equipment	12 Months Ended
	Sep. 30, 2016
Property Plant And Equipment [Abstract]
Property, Plant and Equipment	4. Property, Plant and Equipment Property, plant and equipment consist of the following: September 30, September 30, 2016 2015 (in millions) Land $ 11 $ 15 Buildings and improvements 90 98 Furniture and fixtures 10 10 Computer hardware and software 232 203 Construction in progress 15 20 Machinery and equipment 11 11 Gross Property, Plant and Equipment $ 369 $ 357 Less accumulated depreciation (166 ) (137 ) Net Property, Plant and Equipment $ 203 $ 220 During the fiscal year ended September 30, 2016 the Company sold real estate resulting in a gain of $24 million.

Goodwill and Intangible Assets

Goodwill and Intangible Assets	12 Months Ended
	Sep. 30, 2016
Goodwill And Intangible Assets Disclosure [Abstract]
Goodwill and Intangible Assets	5. 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, 2014 $ 1,197 $ 464 $ 1,661 Acquisitions 3 — 3 Dispositions — — — Other adjustments (32 ) — (32 ) 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 The increase in goodwill during the fiscal years ended September 30, 2016 and September 30, 2015 includes goodwill associated with immaterial acquisitions. The decrease in goodwill during the fiscal year ended September 30, 2016 includes goodwill associated with immaterial dispositions. The other adjustments during both the fiscal years ended September 30, 2016 and 2015 primarily represent foreign currency movements. The Company performs its annual goodwill impairment test in accordance with 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. The performance of the annual fiscal 2016 impairment analysis did not result in an impairment of the Company’s goodwill. Intangible Assets Intangible assets consist of the following: Weighted Average September 30, September 30, Useful Life 2016 2015 (in millions) Intangible assets subject to amortization: Recorded music catalog 10 years $ 923 $ 992 Music publishing copyrights 27 years 1,504 1,497 Artist and songwriter contracts 13 years 883 926 Trademarks 7 years 7 7 Other intangible assets 8 years 5 — Total gross intangible asset subject to amortization 3,322 3,422 Accumulated amortization (1,121 ) (908 ) Total net intangible assets subject to amortization 2,201 2,514 Intangible assets not subject to amortization: Trademarks and tradenames Indefinite 116 119 Total net other intangible assets $ 2,317 $ 2,633 Amortization Based on the amount of intangible assets subject to amortization at September 30, 2016, the expected amortization for each of the next five fiscal years and thereafter are as follows: Fiscal Years September 30, (in millions) 2017 $ 205 2018 205 2019 190 2020 175 2021 175 Thereafter 1,251 $ 2,201 The life of all acquired intangible assets is evaluated based on the expected future cash flows associated with the asset. The expected amortization expense above reflects estimated useful lives assigned to the Company’s identifiable, finite-lived intangible assets primarily established in the accounting for the Merger and the PLG Acquisition.

Debt

Debt	12 Months Ended
	Sep. 30, 2016
Debt Disclosure [Abstract]
Debt	6. Debt Debt Capitalization Long-term debt, including the current portion, consists of the following: September 30, September 30, 2016 2015 (in millions) Revolving Credit Facility—Acquisition Corp. (a) $ — $ — Senior Term Loan Facility due 2020—Acquisition Corp. (b) 975 1,282 5.625% Senior Secured Notes due 2022—Acquisition Corp. 275 275 6.00% Senior Secured Notes due 2021—Acquisition Corp. 450 450 6.25% Senior Secured Notes due 2021—Acquisition Corp. (c) 177 177 5.00% Senior Secured Notes due 2023—Acquisition Corp. 300 — 6.75% Senior Notes due 2022—Acquisition Corp. 635 660 13.75% Senior Notes due 2019—Holdings — 150 Total debt 2,812 2,994 Less: current portion — 13 Total long-term debt (d) $ 2,812 $ 2,981 (a) Reflects $150 million of commitments under the Revolving Credit Facility, less letters of credit outstanding of approximately $5 million and $5 million at September 30, 2016 and September 30, 2015, respectively. There were no loans outstanding under the Revolving Credit Facility at September 30, 2016 or September 30, 2015. (b) Principal amount of $978 million and $1.287 billion less unamortized discount of $3 million and $5 million at September 30, 2016 and September 30, 2015, respectively. Of this amount, $13 million, representing the scheduled amortization of the Term Loan, was included in the current portion of long term debt at September 30, 2015. The maturity date was extended to November 1, 2023, subject, in certain circumstances, to a springing maturity inside the maturity of certain of Acquisition Corp.’s other indebtedness. (c) Face amount of €158 million. Above amounts represent the dollar equivalent of such notes at September 30, 2016 and September 30, 2015. (d) Debt Redemptions and Prepayments On February 16, 2016, Holdings redeemed $50 million of its $150 million outstanding 13.75% Senior Notes due 2019. The Company recorded a loss on extinguishment of debt of approximately $5 million, which represents the premium paid on early redemption and unamortized deferred financing costs. On July 1, 2016, Holdings redeemed the remaining $100 million of its outstanding 13.75% Senior Notes due 2019. The Company recorded a loss on extinguishment of debt of approximately $10 million as a result of this debt redemption, which represents the premium paid on early redemption and unamortized deferred financing costs. On July 27, 2016, Acquisition Corp. prepaid $295.5 million of its outstanding Senior Term Loan Facility due 2020. The Company recorded a loss on extinguishment of debt of approximately $4 million, which represents the unamortized discount and unamortized deferred financing costs. Open Market Purchases On March 11, 2016, Acquisition Corp. purchased, in the open market, approximately $25 million of its $660 million outstanding 6.75% Senior Notes due 2022. The acquired notes were subsequently retired. Following retirement of the acquired notes, approximately $635 million of the 6.75% Senior Notes due 2022 remain outstanding. Notes Offering On July 27, 2016, Acquisition Corp. issued $300 million in aggregate principal amount of its 5.00% Senior Secured Notes due 2023 (the “Notes Offering”). Acquisition Corp. used the net proceeds for the prepayment of $295.5 million of its outstanding Senior Term Loan Facility due 2020. 2014 Debt Refinancing On April 9, 2014, the Company completed a refinancing of part of its outstanding debt (the “2014 Refinancing”). In connection with the 2014 Refinancing, the Company issued $275 million in aggregate principal amount of its 5.625% Senior Secured Notes due 2022 (the “New Senior Secured Notes”) and $660 million in aggregate principal amount of its 6.750% Senior Notes due 2022 (the “New Unsecured Notes”). In connection with the 2014 Refinancing, the Company used $869 million, to redeem or repurchase the Company’s previously outstanding $765 million 11.5% Senior Notes due 2018 and to pay tender/call premiums of $85 million and consent fees of approximately $19 million. The Company also paid approximately $3 million in accrued interest with respect to the notes redeemed or repurchased. The Company recorded a loss on extinguishment of debt of approximately $141 million in the fiscal year ended September 30, 2014, which represents the difference between the redemption payment and the carrying value of the debt, which included the principal value of $765 million, less unamortized discounts of $13 million and unamortized debt issuance costs of $24 million. Interest Rates The loans under the Revolving Credit Facility bear interest at Revolving Borrower’s election at a rate equal to (i) the rate for deposits in the borrowing currency in the London interbank market (adjusted for maximum reserves) for the applicable interest period (“Revolving LIBOR”), plus 2.00% per annum, or (ii) the base rate, which is the highest of (x) the corporate base rate established by the administrative agent from time to time, (y) 0.50% in excess of the overnight federal funds rate and (z) the one-month Revolving LIBOR plus 1.0% per annum, plus, in each case, 1.00% per annum. If there is a payment default at any time, then the interest rate applicable to overdue principal will be the rate otherwise applicable to such loan plus 2.0% per annum. Default interest will also be payable on other overdue amounts at a rate of 2.0% per annum above the amount that would apply to an alternative base rate loan. The loans under the Senior Term Loan Facility bear interest at Term Loan Borrower’s election at a rate equal to (i) the rate for deposits in U.S. dollars in the London interbank market (adjusted for maximum reserves) for the applicable interest period (“Term Loan LIBOR”), plus 2.75% per annum, or (ii) the base rate, which is the highest of (x) the corporate base rate established by the administrative agent as its prime rate in effect at its principal office in New York City from time to time, (y) 0.50% in excess of the overnight federal funds rate and (z) one-month Term Loan LIBOR, plus 1.00% per annum, plus, in each case, 1.75% per annum. The loans under the Senior Term Loan Facility Credit Agreement are subject to a Term Loan LIBOR “floor” of 1.00%. If there is a payment default at any time, then the interest rate applicable to overdue principal and interest will be the rate otherwise applicable to such loan plus 2.0% per annum. Default interest will also be payable on other overdue amounts at a rate of 2.0% per annum above the amount that would apply to an alternative base rate loan. Maturity of Senior Term Loan Facility The loans outstanding under the Senior Term Loan Facility mature on July 1, 2020. The maturity date was extended to November 1, 2023, subject, in certain circumstances, to a springing maturity inside the maturity of certain of Acquisition Corp.’s other indebtedness. Please refer to “Recent Developments – November 2016 Senior Term Loan Credit Agreement Amendment” for further discussion. Maturity of Revolving Credit Facility The maturity date of the Revolving Credit Facility is April 1, 2021. Maturities of Senior Notes and Senior Secured Notes As of September 30, 2016, there are no scheduled maturities of notes until 2021, when $627 million is scheduled to mature. Thereafter, $1.210 billion is scheduled to mature. Interest Expense, net Total interest expense, net, was $173 million, $181 million, and $203 million for the fiscal years ended September 30, 2016, 2015 and 2014, respectively. The weighted-average interest rate of the Company’s total debt was 5.3% at September 30, 2016, 5.6% at September 30, 2015 and 5.6% at September 30, 2014.

Income Taxes

Income Taxes	12 Months Ended
	Sep. 30, 2016
Income Tax Disclosure [Abstract]
Income Taxes	7. Income Taxes The domestic and foreign pretax (loss) income from continuing operations is as follows: Fiscal Year Ended Fiscal Year Ended Fiscal Year Ended September 30, September 30, September 30, 2016 2015 2014 (in millions) Domestic $ 35 $ (18 ) $ (153 ) Foreign 6 (57 ) (176 ) Total $ 41 $ (75 ) $ (329 ) Current and deferred income taxes (tax benefits) provided are as follows: Fiscal Year Ended Fiscal Year Ended Fiscal Year Ended September 30, September 30, September 30, 2016 2015 2014 (in millions) Federal: Current $ — $ — $ — Deferred 3 4 (7 ) Foreign: Current (a) 39 40 35 Deferred (30 ) (33 ) (55 ) U.S. State: Current 3 3 (6 ) Deferred (4 ) (1 ) 7 Total $ 11 $ 13 $ (26 ) (a) Includes withholding taxes of $17 million, $13 million and $11 million for the fiscal year ended September 30, 2016, for the fiscal year ended September 30, 2015, and for the fiscal year ended September 30, 2014, respectively. The differences between the U.S. federal statutory income tax rate of 35% and income taxes provided are as follows: Fiscal Year Ended Fiscal Year Ended Fiscal Year Ended September 30, September 30, September 30, 2016 2015 2014 (in millions) Taxes on income at the U.S. federal statutory rate $ 14 $ (26 ) $ (115 ) U.S. state and local taxes (1 ) 2 1 Foreign income taxed at different rates, including withholding taxes 12 11 (15 ) Increase in valuation allowance 19 34 101 Release of valuation allowance (26 ) (5 ) (3 ) Change in tax rates (10 ) (2 ) 1 Other 3 (1 ) 4 Total income tax (benefit) expense $ 11 $ 13 $ (26 ) For the fiscal year ended September 30, 2016 and for the fiscal year ended September 30, 2015, the Company incurred losses in certain foreign territories and has offset the tax benefit associated with these losses with a valuation allowance as the Company has determined that it is more likely than not that these losses will not be utilized. The balance of the U.S. tax attributes remaining at September 30, 2016 continues to be offset by a full valuation allowance as the Company has determined that it is more likely than not that these attributes will not be realized. Significant components of the Company’s net deferred tax assets (liabilities) are summarized below: September 30, September 30, 2016 2015 (in millions) Deferred tax assets: Allowances and reserves $ 34 $ 40 Employee benefits and compensation 47 47 Other accruals 82 76 Tax attribute carry forwards 475 552 Other 3 2 Total deferred tax assets 641 717 Valuation allowance (310 ) (344 ) Net deferred tax assets 331 373 Deferred tax liabilities: Depreciation, amortization and artist advances (26 ) (23 ) Intangible assets (572 ) (650 ) Total deferred tax liabilities (598 ) (673 ) Net deferred tax liabilities $ (267 ) $ (300 ) During the fiscal year ended September 30, 2016, the Company’s valuation allowance decreased primarily as a result of utilization of U.S. loss carryforwards and the conversion of U.S. foreign tax credits to deductions. At September 30, 2016, the Company has U.S. federal tax net operating loss carry-forwards of $548 million, which will begin to expire in fiscal year 2027. The Company also has tax net operating loss carry-forwards, with no expiration date, in the U.K., France and Spain of $92 million, $119 million and $40 million, respectively, and other tax net operating loss carry forwards in state, local and foreign jurisdictions that expire in various periods. In addition, the Company has foreign tax credit carry-forwards for U.S. tax purposes of $147 million. During the year ended September 30, 2016 the Company converted $31 million of expiring foreign tax credits to deductions. The remaining foreign tax credits will begin to expire in fiscal year 2018. U.S. income and foreign withholding taxes have not been recorded on indefinitely reinvested earnings of certain foreign subsidiaries of approximately $211 million at September 30, 2016. As such, no deferred income taxes have been provided for these undistributed earnings. Should these earnings be distributed, foreign tax credits and net operating losses may be available to reduce the additional federal income tax that would be payable. However, availability of these foreign tax credits is subject to limitations which make it impracticable to estimate the amount of the ultimate tax liability, if any, on these accumulated foreign earnings. The Company classifies interest and penalties related to uncertain tax positions as a component of income tax expense. As of September 30, 2016 and September 30, 2015, the Company had accrued $3 million and $3 million of interest and penalties, respectively. A reconciliation of the beginning and ending amount of unrecognized tax benefits, including interest and penalties, are as follows (in millions): Balance at September 30, 2013 $ 30 Additions for current year tax positions 10 Additions for prior year tax positions 1 Subtractions for prior year tax positions (14 ) Balance at September 30, 2014 $ 27 Additions for current year tax positions 8 Additions for prior year tax positions 9 Subtractions for prior year tax positions (9 ) Balance at September 30, 2015 $ 35 Additions for current year tax positions 7 Additions for prior year tax positions 1 Subtractions for prior year tax positions (13 ) Balance at September 30, 2016 $ 30 Included in the total unrecognized tax benefits at September 30, 2016 and 2015 are $30 million and $35 million, respectively, that if recognized, would favorably affect the effective income tax rate. The Company has determined that is reasonably possible that its existing reserve for uncertain tax positions as of September 30, 2016 could decrease by up to approximately $17 million related to various ongoing audits and settlement discussions in various foreign jurisdictions. The Company and its subsidiaries file income tax returns in the U.S. and various foreign jurisdictions. The Company has completed tax audits in the U.S. for tax years ended through September 30, 2008, in the U.K. for the tax years ending through September 30, 2013, in Canada for tax years ended through September 30, 2013, in Germany for the tax years ending through September 30, 2009 and in Japan for the tax years ending through September 30, 2007. The Company is at various stages in the tax audit process in certain foreign and local jurisdictions.

Employee Benefit Plans

Employee Benefit Plans	12 Months Ended
	Sep. 30, 2016
Compensation And Retirement Disclosure [Abstract]
Employee Benefit Plans	8. Employee Benefit Plans Certain international employees, such as those in Germany and Japan, participate in locally sponsored defined benefit plans, which are not considered to be material either individually or in the aggregate and have a combined projected benefit obligation of approximately $83 million and $69 million as of September 30, 2016 and 2015, respectively. Pension benefits under the plans are based on formulas that reflect the employees’ years of service and compensation levels during their employment period. The Company had unfunded pension liabilities relating to these plans of approximately $56 million and $45 million recorded in its balance sheets as of September 30, 2016 and 2015, respectively. The Company uses a September 30 measurement date for its plans. For the fiscal year ended September 30, 2016, September 30, 2015, and September 30, 2014, pension expense amounted to $4 million, $4 million, and $4 million, respectively. Certain employees also participate in defined contribution plans. The Company’s contributions to the defined contribution plans are based upon a percentage of the employees’ elected contributions. The Company’s defined contribution plan expense amounted to approximately $5 million for the fiscal year ended September 30, 2016, $4 million for the fiscal year ended September 30, 2015, and $5 million for the fiscal year ended September 30, 2014.

Restructuring

Restructuring	12 Months Ended
	Sep. 30, 2016
Restructuring And Related Activities [Abstract]
Restructuring	9. Restructuring In conjunction with the PLG Acquisition, the Company undertook a plan to achieve cost savings (the “Restructuring Plan”), primarily through headcount reductions. The Restructuring Plan was approved by the CEO prior to the close of the PLG Acquisition. No restructuring costs were incurred in the fiscal year ended September 30, 2016. The Restructuring Plan was complete in the fiscal year ended September 30, 2015 and resulted in approximately $74 million in restructuring charges, which were made up of employee-related costs of $67 million, real estate costs of $6 million and other costs of $1 million. Total restructuring costs of $2 million were incurred in the fiscal year ended September 30, 2015 with respect to these actions, which consist of $2 million of real estate costs. Total restructuring costs of $50 million were incurred in the fiscal year ended September 30, 2014 with respect to these actions, which consisted of $45 million of employee-related costs, $4 million of real estate costs and $1 million of other costs. Total cash payments of $74 million were made under the Restructuring Plan. Employee-related costs include all cash compensation and other employee benefits paid to terminated employees. Real estate costs include costs that will continue to be incurred without economic benefit to us, such as, among others, operating lease payments for office space no longer being used and moving costs incurred during relocation, costs incurred to close a facility and IT costs to wire a new facility. Total restructuring activity is as follows: Employee- Real related Costs Estate Costs Other Total (in millions) Balance at September 30, 2014 $ 12 $ 1 $ — $ 13 Restructuring expense — 2 — 2 Cash payments (10 ) (3 ) — (13 ) Balance at September 30, 2015 $ 2 $ — $ — $ 2 Restructuring expense — — — — Cash payments (2 ) — — (2 ) Balance at September 30, 2016 $ — $ — $ — $ — The restructuring accrual is recorded in other current liabilities on the consolidated balance sheet. These balances reflect estimated future cash outlays. A summary of the charges in the consolidated statements of operations resulting from the Restructuring Plan is shown below: Fiscal Fiscal Year Ended Fiscal Year Ended September 30, September 30, September 30, 2016 2015 2014 (in millions) Selling, general and administrative expenses $ — $ 2 $ 50 Total restructuring expense $ — $ 2 $ 50 All of the above expenses were recorded in the Recorded Music reportable segment.

Share-Based Compensation Plans

Share-Based Compensation Plans	12 Months Ended
	Sep. 30, 2016
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Share-Based Compensation Plans	10. Share-Based Compensation Plans Effective January 1, 2013, eligible individuals were invited to participate in the Senior Management Free Cash Flow Plan (the “Plan”). Eligible individuals include any employee, consultant or officer of the Company or any of its affiliates, who is selected by the Company’s Compensation Committee to participate in the Plan. Under the Plan, participants are allocated a specific portion of the Company’s free cash flow to use to purchase the equivalent of Company stock through the acquisition of deferred equity units. Participants also receive a grant of profit interests in a purposely established LLC holding company (the “LLC”) that represent an economic entitlement to future appreciation over an equivalent number of shares of Company stock (“matching units”). The Company’s Board of Directors authorized the issuance of up to 82.1918 shares of the Company’s common stock pursuant to the Plan, 41.0959 in respect of deferred equity units and 41.0959 in respect of matching units. The LLC currently owns 55 issued and outstanding shares. Each deferred equity unit is equivalent to 1/10,000 of a share of Company stock. The Company will allocate units to active participants each Plan year at the time that annual free cash flow bonuses for such Plan year are determined and may grant unallocated units under the Plan to certain members of current or future management. At the time that annual free cash flow bonuses for such Plan year are determined, a participant shall be credited a number of deferred equity units based on their respective allocation divided by $107.13 (the grant date intrinsic value) and an equal number of the related matching units will be allocated. The redemption price of the deferred equity units will equal the fair market value of a fractional share of the Company’s stock on the date of the settlement and the redemption price for the matching units will equal the excess, if any, of the then fair market value of one Company fractional share over the grant date intrinsic value of one fractional share. The Company accounts for share-based payments as required by ASC 718. ASC 718 requires all share-based payments to employees to be recognized as compensation expense. Under the recognition provision of ASC 718, liability classified share-based compensation costs are measured each reporting date until settlement. The Company’s policy is to measure share-based compensation costs to employees using the intrinsic value method instead of fair value as it is not practical to estimate the volatility of its share price. In accordance with ASC 718, the Company measures share-based compensation costs to non-employees at fair value under ASC 820, which does not allow for use of the intrinsic method. For accounting purposes, the grant date was established at the point the Company and the participant reached a mutual understanding of the key terms and conditions, in this case the date at which the participant accepted the invitation to participate in the Plan. For accounting purposes, deferred equity units are deemed to generally vest between one and seven years and matching equity units granted under the Plan are deemed to vest two years after the allocation to the participant’s account. All deferred and matching equity units will be settled in three installments in December 2018, 2019, and 2020. The deferred units will be settled at the participant’s election for cash equal to the fair market value or one fractional company share. The matching units will be settled for cash equal to the redemption price. In December 2020, all outstanding units become mandatorily redeemable at the then redemption price. Due to this mandatory redemption clause, the Company has classified the awards under the Plan as liability awards. Dividend distributions, if any, are also paid out on vested deferred equity units and are calculated on the same basis as the Company’s common shares. The Company has applied a graded (tranche-by-tranche) attribution method and expenses share-based compensation on an accelerated basis over the vesting period of the share award. The following is a summary of the Company’s share awards: Matching Deferred Equity Matching Equity Deferred Equity Units Units Weighted- Units Weighted- Equity Units Weighted- Average Average Weighted- Average Grant-Date Grant-Date Deferred Matching Average Intrinsic Intrinsic Intrinsic Equity Units Equity Units Fair Value Value Value Value Unvested units at September 30, 2014 19 24 $ 132.92 $ 25.79 $ 107.13 $ — Granted 3 3 132.92 — 107.13 — Vested (2 ) — 132.92 25.79 107.13 — Forfeited (2 ) (2 ) 132.92 25.79 107.13 — Unvested units at September 30, 2015 18 25 $ 135.00 $ 27.87 $ 107.13 $ — Granted 9 9 135.00 — 107.13 — Vested (7 ) (5 ) 135.00 27.87 107.13 — Forfeited (1 ) (1 ) 135.00 27.87 107.13 — Unvested units at September 30, 2016 19 28 $ 142.21 $ 35.08 $ 107.13 $ — The weighted-average grant date intrinsic value of deferred equity unit awards for the fiscal year ended September 30, 2016 was $107.13. The fair value of these deferred equity units at September 30, 2016 was $142.21. The weighted-average grant date intrinsic value of deferred equity unit awards for the period ended September 30, 2015 was $107.13. The fair value of these deferred equity units at September 30, 2015 was $135.00. The weighted-average grant date intrinsic value of deferred equity unit awards for the period ended September 30, 2014 was $107.13. The fair value of these deferred equity units at September 30, 2014 was $132.92. Compensation Expense The Company recognized non-cash share-based compensation expense of $23 million for the fiscal year ended September 30, 2016. Of the $23 million, $13 million related to awards for employees and $10 million related to awards for non-employees for the fiscal year ended September 30, 2016. The Company recognized non-cash share-based compensation of $3 million for the fiscal year ended September 30, 2015. Of the $3 million, $1 million related to awards for employees and $2 million related to awards for non-employees for the fiscal year ended September 30, 2015. The Company recognized non-cash share-based compensation of $8 million for the fiscal year ended September 30, 2014. Of the $8 million, $5 million related to awards for employees and $3 million related to awards for non-employees for the fiscal year ended September 30, 2014. In addition, at September 30, 2016, September 30, 2015 and September 30, 2014, the Company had approximately $2 million, $7 million and $12 million, respectively, of unrecognized compensation costs related to its unvested share awards. As of September 30, 2016, the remaining weighted average period over which total compensation related to unvested awards is expected to be recognized is 1 year.

Related Party Transactions

Related Party Transactions	12 Months Ended
	Sep. 30, 2016
Related Party Transactions [Abstract]
Related Party Transactions	11. Related Party Transactions Management Agreement Upon completion of the Merger, the Company and Holdings entered into a management agreement with Access, dated as of the Merger Closing Date (the “Management Agreement”), pursuant to which Access will provide the Company and its subsidiaries, with financial, investment banking, management, advisory and other services. Pursuant to the Management Agreement, the Company, or one or more of its subsidiaries, will pay Access a specified annual fee equal to approximately $9 million based on a formula contained in the agreement and reimburse Access for certain expenses incurred performing services under the agreement. The annual fee is payable quarterly. The Company and Holdings agreed to indemnify Access and certain of its affiliates against all liabilities arising out of performance of the Management Agreement. Such costs incurred by the Company were approximately $9 million, $9 million and $8 million for the fiscal years ended September 30, 2016, 2015 and 2014, respectively, which includes the annual fee, but excludes $2 million of expenses reimbursed related to certain consultants with full time roles at the Company for each of the fiscal years ended September 30, 2016, 2015 and 2014. Such amounts have been included as a component of selling, general and administrative expense in the accompanying statements of operations. Lease Arrangements with Related Party On July 29, 2014, AI Wrights Holdings Limited, an affiliate of Access, entered into a lease and related agreements with Warner/Chappell Music Limited and WMG Acquisition (UK) Limited, subsidiaries of the Company, for the lease of 27 Wrights Lane, Kensington, London. The Company had been the tenant of the building, which Access acquired during the fiscal year 2014. Subsequent to the change in ownership, the Company entered into the new lease arrangements. Pursuant to the agreements, on January 1, 2015, the rent in the lease was increased to £3,460,250 per year, the term was extended five years and the Company received certain rights to extend the term for an additional five years following a market rate rent review. On August 13, 2015, a subsidiary of the Company, Warner Music Inc., entered into a license agreement with Access Industries, Inc., an affiliate of Access, for the use of office space in our corporate headquarters at 1633 Broadway, New York, New York. The license fee of $2,775 per month, plus an IT support fee of $1,000 per month, was based on the per foot lease costs to the Company of its headquarters space, which represented market terms. For the fiscal year ended September 30, 2015, an immaterial amount was recorded as rental income. The space is occupied by The Blavatnik Archive, which is dedicated to the discovery and preservation of historically distinctive and visually compelling artifacts, images and stories that contribute to the study of 20th century Jewish, WWI and WWII history. On July 15, 2016, a subsidiary of the Company, Warner Music Inc., entered into a license agreement with Cooper Investment Partners LLC, for the use of office space in our corporate headquarters at 1633 Broadway, New York, New York. The license fee of $16,967.21 per month, was based on the per foot lease costs to the Company of its headquarters space, which represented market terms. For the fiscal year ended September 30, 2016, an immaterial amount was recorded as rental income. The space is occupied by Cooper Investment Partners LLC, which is a private equity fund that pursues a wide range of investment opportunities. Deezer Access owns a controlling equity interest in Deezer S.A., which was formerly known as Odyssey Music Group (“Odyssey”), a French company that controls and operates a digital music streaming service, formerly through Odyssey’s subsidiary, Blogmusik SAS (“Blogmusik”), under the name Deezer (“Deezer”), and is represented on Deezer S.A.’s Board of Directors. Subsidiaries of the Company, Warner Music Inc. and WEA International Inc. have been a party to license arrangements with Deezer since 2008 (Warner Music Inc. was added as a party to the license in 2014 in respect of the U.S.), which provide for the use of the Company’s sound recording content on Deezer’s ad-supported and subscription streaming services worldwide (excluding Japan) in exchange for fees paid by Deezer. Warner Music Inc. and WEA International Inc. have also authorized Deezer to include Warner content in Deezer’s streaming services where such services are offered as a bundle with third-party services or products (e.g., telco services or hardware products), for which Deezer is also required to make payments to Warner Music Inc. and WEA International Inc. Deezer paid to WEA International Inc. an aggregate amount of approximately $29 million and $25 million in connection with the foregoing arrangements during the fiscal year ended September 30, 2016 and 2015, respectively. In addition, in connection with these arrangements, (i) the Company was issued, and currently holds, warrants to purchase shares of Deezer S.A. and (ii) the Company purchased a small number of shares of Deezer S.A., which collectively represent a small minority interest in Deezer S.A. Equity Investment In fiscal 2014, the Company made an investment in a company in which Access was a minority owner, which was subsequently sold during fiscal 2014. As a result of the sale transaction, the Company recognized a gain of $2 million. Record Industry In February 2015, WEA and Record Industry entered into an agreement for vinyl record manufacturing. In fiscal year 2016, WEA paid to Record Industry an aggregate amount of approximately $4 million in connection with the foregoing arrangements. Mr. Mohaupt, currently one of the Company’s directors, owns a minority interest in Record Industry.

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Sep. 30, 2016
Commitments And Contingencies Disclosure [Abstract]
Commitments and Contingencies	12. Commitments and Contingencies Leases The Company occupies various facilities and uses certain equipment under both capital and operating leases. Net rent expense was approximately $60 million, $66 million and $82 million for the fiscal years ended September 30, 2016, 2015 and 2014, respectively. At September 30, 2016, future minimum payments under non-cancelable operating leases (net of sublease income) are as follows: Operating Years Leases (in millions) 2017 $ 51 2018 44 2019 42 2020 35 2021 32 Thereafter 200 Total $ 404 The future minimum payments reflect the amounts owed under lease arrangements and do not include any fair market value adjustments that may have been recorded as a result of the Merger. Talent Advances The Company routinely enters into long-term commitments with artists, songwriters and publishers for the future delivery of music product. Such commitments generally become due only upon delivery and Company acceptance of albums from the artists or future musical compositions by songwriters and publishers. Additionally, such commitments are typically cancelable at the Company’s discretion, generally without penalty. Based on contractual obligations and the Company’s expected release schedule, aggregate firm commitments to such talent approximated $288 million and $318 million as of September 30, 2016 and September 30, 2015, respectively. Other Other off-balance sheet, firm commitments, which primarily include minimum funding commitments to investees, amounted to approximately $2 million and $5 million at September 30, 2016 and September 30, 2015, respectively. Litigation Pricing of Digital Music Downloads On December 20, 2005 and February 3, 2006, the Attorney General of the State of New York served the Company with requests for information in connection with an industry-wide investigation as to the pricing of digital music downloads. On February 28, 2006, the Antitrust Division of the U.S. Department of Justice served us with a Civil Investigative Demand, also seeking information relating to the pricing of digitally downloaded music. Both investigations were ultimately closed, but subsequent to the announcements of the investigations, more than thirty putative class action lawsuits were filed concerning the pricing of digital music downloads. The lawsuits were consolidated in the Southern District of New York. The consolidated amended complaint, filed on April 13, 2007, alleges conspiracy among record companies to delay the release of their content for digital distribution, inflate their pricing of CDs and fix prices for digital downloads. The complaint seeks unspecified compensatory, statutory and treble damages. On October 9, 2008, the District Court issued an order dismissing the case as to all defendants, including us. However, on January 12, 2010, the Second Circuit vacated the judgment of the District Court and remanded the case for further proceedings and on January 10, 2011, the U.S. Supreme Court denied the defendants’ petition for Certiorari. Upon remand to the District Court, all defendants, including the Company, filed a renewed motion to dismiss challenging, among other things, plaintiffs’ state law claims and standing to bring certain claims. The renewed motion was based mainly on arguments made in defendants’ original motion to dismiss, but not addressed by the District Court. On July 18, 2011, the District Court granted defendants’ motion in part, and denied it in part. Notably, all claims on behalf of the CD-purchaser class were dismissed with prejudice. However, a wide variety of state and federal claims remain for the class of Internet download purchasers. On March 19, 2014, plaintiffs filed a motion for class certification, which has now been fully briefed. Plaintiffs filed an operative consolidated amended complaint on September 25, 2015. The Company filed its answer to the fourth amended complaint on October 9, 2015, and filed an amended answer on November 3, 2015. A mediation took place on February 22, 2016, but the parties were unable to reach a resolution. The Company intends to defend against these lawsuits vigorously, but is unable to predict the outcome of these suits. Regardless of the merits of the claims, this and any related litigation could continue to be costly, and divert the time and resources of management. The potential outcomes of these claims that are reasonably possible cannot be determined at this time and an estimate of the reasonably possible loss or range of loss cannot presently be made. Sirius XM On September 11, 2013, the Company joined with Capitol Records, LLC, Sony Music Entertainment, UMG Recordings, Inc. and ABKCO Music & Records, Inc. in a lawsuit brought in California Superior Court against Sirius XM Radio Inc., alleging copyright infringement for Sirius XM’s use of pre-1972 sound recordings under California law. A nation-wide settlement was reached on June 17, 2015 pursuant to which Sirius XM paid the plaintiffs, in the aggregate, $210 million on July 29, 2015 and the plaintiffs dismissed their lawsuit with prejudice. The settlement resolves all past claims as to Sirius XM’s use of pre-1972 recordings owned or controlled by the plaintiffs and enables Sirius XM, without any additional payment, to reproduce, perform and broadcast such recordings in the United States through December 31, 2017. As part of the settlement, Sirius XM has the right, to be exercised before December 31, 2017, to enter into a license with each plaintiff to reproduce, perform and broadcast its pre-1972 recordings from January 1, 2018 through December 31, 2022. The royalty rate for each such license will be determined by negotiation or, if the parties are unable to agree, binding arbitration on a willing buyer/willing seller standard. The allocation of the settlement proceeds among the plaintiffs was determined and the settlement proceeds were distributed accordingly. This resulted in a cash distribution to the Company of $33 million of which $28 million was recognized in revenue during the 2016 fiscal year. The balance will be recognized in revenue ratably over the next five quarters. The Company is sharing its allocation of the settlement proceeds with its artists on the same basis as statutory revenue from Sirius XM is shared, i.e., the artist share of our allocation will be paid to artists by SoundExchange. Other Matters In addition to the matter discussed above, the Company is involved in various litigation and regulatory proceedings arising in the normal course of business. Where it is determined, in consultation with counsel based on litigation and settlement risks, that a loss is probable and estimable in a given matter, the Company establishes an accrual. In the currently pending proceedings, the amount of accrual is not material. An estimate of the reasonably possible loss or range of loss in excess of the amounts already accrued cannot be made at this time due to various factors typical in contested proceedings, including (1) the results of ongoing discovery; (2) uncertain damage theories and demands; (3) a less than complete factual record; (4) uncertainty concerning legal theories and their resolution by courts or regulators; and (5) the unpredictable nature of the opposing party and its demands. However, the Company cannot predict with certainty the outcome of any litigation or the potential for future litigation. As such, the Company continuously monitors these proceedings as they develop and adjusts any accrual or disclosure as needed. Regardless of the outcome, litigation could have an adverse impact on the Company, including the Company’s brand value, because of defense costs, diversion of management resources and other factors and it could have a material effect on the Company’s results of operations for a given reporting period.

Derivative Financial Instrument

Derivative Financial Instruments	12 Months Ended
	Sep. 30, 2016
Derivative Instruments And Hedging Activities Disclosure [Abstract]
Derivative Financial Instruments	13. Derivative Financial Instruments The Company uses derivative financial instruments, primarily foreign currency forward exchange contracts, for the purpose of managing foreign currency exchange risk by reducing the effects of fluctuations in foreign currency exchange rates. The Company enters into foreign currency forward exchange contracts primarily to hedge the risk that unremitted or future royalties and license fees owed to its domestic companies for the sale, or anticipated sale, of U.S.-copyrighted products abroad may be adversely affected by changes in foreign currency exchange rates. The Company focuses on managing the level of exposure to the risk of foreign currency exchange rate fluctuations on its major currencies, which include the Euro, British pound sterling, Japanese yen, Canadian dollar, Swedish krona and Australian dollar. The foreign currency forward exchange contracts related to royalties are designated and qualify as cash flow hedges under the criteria prescribed in ASC 815. The Company records these contracts at fair value on its balance sheet and gains or losses on these contracts are deferred in equity (as a component of comprehensive loss). These deferred gains and losses are recognized in income in the period in which the related royalties and license fees being hedged are received and recognized in income. However, to the extent that any of these contracts are not considered to be perfectly effective in offsetting the change in the value of the royalties and license fees being hedged, any changes in fair value relating to the ineffective portion of these contracts are immediately recognized in the statement of operations. The Company may at times choose to hedge foreign currency risk associated with financing transactions such as third-party and intercompany debt and other balance sheet items. The foreign currency forward exchange contracts related to balance sheet items denominated in foreign currency are reviewed on a contract-by-contract basis and are designated accordingly. If these foreign currency forward exchange contracts do not qualify for hedge accounting, then the Company records these contracts at fair value on its balance sheet and the related gains and losses are immediately recognized in the statement of operations where there is an equal and offsetting entry related to the underlying exposure. The fair value of foreign currency forward exchange contracts is determined by using observable market transactions of spot and forward rates (i.e., Level 2 inputs) which is discussed further in Note 16. Additionally, netting provisions are provided for in existing International Swap and Derivative Association Inc. agreements in situations where the Company executes multiple contracts with the same counterparty. As a result, net assets or liabilities resulting from foreign exchange derivatives subject to these netting agreements are classified within other current assets or other current liabilities in the Company’s consolidated balance sheets. The Company monitors its positions with, and the credit quality of, the financial institutions that are party to any of its financial transactions. As of September 30, 2016, the Company had no outstanding hedge contracts and no deferred gains or losses in comprehensive loss related to foreign exchange hedging. As of September 30, 2015, the Company had no outstanding hedge contracts and no deferred gains or losses in comprehensive loss related to foreign exchange hedging.

Segment Information

Segment Information	12 Months Ended
	Sep. 30, 2016
Segment Reporting [Abstract]
Segment Information	14. Segment Information As discussed more fully in Note 1, based on the nature of its products and services, the Company classifies its business interests into two fundamental operations: Recorded Music and Music Publishing, which also represent the reportable segments of the Company. Information as to each of these operations is set forth below. The Company evaluates performance based on several factors, of which the primary financial measure is operating income (loss) before non-cash depreciation of tangible assets and non-cash amortization of intangible assets (“OIBDA”). The Company has supplemented its analysis of OIBDA results by segment with an analysis of operating income (loss) by segment. The accounting policies of the Company’s business segments are the same as those described in the summary of significant accounting policies included elsewhere herein. The Company accounts for intersegment sales at fair value as if the sales were to third parties. While intercompany transactions are treated like third-party transactions to determine segment performance, the revenues (and corresponding expenses recognized by the segment that is counterparty to the transaction) are eliminated in consolidation, and therefore, do not themselves impact consolidated results. Corporate Recorded Music expenses and Music Publishing eliminations Total (in millions) 2016 Revenues $ 2,736 $ 524 $ (14 ) $ 3,246 OIBDA 459 138 (90 ) 507 Depreciation of property, plant and equipment (32 ) (7 ) (11 ) (50 ) Amortization of intangible assets (180 ) (63 ) — (243 ) Operating income (loss) 247 68 (101 ) 214 Total assets 2,584 2,365 420 5,369 Capital expenditures 18 7 17 42 2015 Revenues $ 2,501 $ 482 $ (17 ) $ 2,966 OIBDA 379 146 (89 ) 436 Depreciation of property, plant and equipment (36 ) (6 ) (12 ) (54 ) Amortization of intangible assets (192 ) (63 ) — (255 ) Operating income (loss) 151 77 (101 ) 127 Total assets 2,869 2,408 344 5,621 Capital expenditures 19 7 37 63 2014 Revenues $ 2,526 $ 517 $ (16 ) $ 3,027 OIBDA 267 166 (93 ) 340 Depreciation of property, plant and equipment (35 ) (7 ) (13 ) (55 ) Amortization of intangible assets (201 ) (65 ) — (266 ) Operating income (loss) 31 94 (106 ) 19 Capital expenditures 27 8 41 76 Revenues relating to operations in different geographical areas are set forth below for the fiscal years ended September 30, 2016, 2015 and 2014. Total assets relating to operations in different geographical areas are set forth below as of September 30, 2016 and September 30, 2015. 2016 2015 2014 Long-lived Long-lived Revenue Assets Revenue Assets Revenue (in millions) United States $ 1,360 $ 138 $ 1,171 $ 149 $ 1,141 United Kingdom 491 23 477 30 467 All other territories 1,395 42 1,318 41 1,419 Total $ 3,246 $ 203 $ 2,966 $ 220 $ 3,027 Customer Concentration In the fiscal years ended September 30, 2016, 2015 and 2014, one customer represented 14%, 13% and 16% of total revenues, respectively. This customer’s revenues are included in the Recorded Music segment.

Additional Financial Informatio

Additional Financial Information	12 Months Ended
	Sep. 30, 2016
Additional Financial Information [Abstract]
Additional Financial Information	15. Additional Financial Information Cash Interest and Taxes The Company made interest payments of approximately $181 million, $171 million and $204 million during the fiscal years ended September 30, 2016, 2015 and 2014, respectively. The Company paid approximately $41 million, $25 million and $22 million of foreign income and withholding taxes, net of refunds, for the fiscal years ended September 30, 2016, 2015 and 2014, respectively.

Fair Value Measurements

Fair Value Measurements	12 Months Ended
	Sep. 30, 2016
Fair Value Disclosures [Abstract]
Fair Value Measurements	16. Fair Value Measurements ASC 820 defines fair value as the price that would be received upon sale of an asset or paid upon transfer of a liability in an orderly transaction between market participants at the measurement date and in the principal or most advantageous market for that asset or liability. The fair value should be calculated based on assumptions that market participants would use in pricing the asset or liability, not on assumptions specific to the entity. In addition to defining fair value, ASC 820 expands the disclosure requirements around fair value and establishes a fair value hierarchy for valuation inputs. The hierarchy prioritizes the inputs into three levels based on the extent to which inputs used in measuring fair value are observable in the market. Each fair value measurement is reported in one of the three levels which is determined by the lowest level input that is significant to the fair value measurement in its entirety. These levels are: • Level 1—inputs are based upon unadjusted quoted prices for identical instruments traded in active markets. • Level 2—inputs are based upon quoted prices for similar instruments in active markets, quoted prices for identical or similar instruments in markets that are not active and model-based valuation techniques for which all significant assumptions are observable in the market or can be corroborated by observable market data for substantially the full term of the assets or liabilities. • Level 3—inputs are generally unobservable and typically reflect management’s estimates of assumptions that market participants would use in pricing the asset or liability. The fair values are therefore determined using model-based techniques that include option pricing models, discounted cash flow models and similar techniques. In accordance with the fair value hierarchy, described above, the following table shows the fair value of the Company’s financial instruments that are required to be measured at fair value as of September 30, 2016 and September 30, 2015. Fair Value Measurements as of September 30, 2016 (Level 1) (Level 2) (Level 3) Total (in millions) Other Current Liabilities: Contractual Obligations (a) — — (4 ) (4 ) Other Non-Current Liabilities: Contractual Obligations (a) — — — — Total $ — $ — $ (4 ) $ (4 ) Fair Value Measurements as of September 30, 2015 (Level 1) (Level 2) (Level 3) Total (in millions) Other Current Liabilities: Contractual Obligations (a) — — (1 ) (1 ) Other Non-Current Liabilities: Contractual Obligations (a) — — — — Total $ — $ — $ (1 ) $ (1 ) (a) This represents purchase obligations and contingent consideration related to the Company’s various acquisitions. This is based on a probability weighted performance approach and it is adjusted to fair value on a recurring basis and any adjustments are included as a component of operating income in the statement of operations. These amounts were mainly calculated using unobservable inputs such as future earnings performance of the Company’s various acquisitions and the expected timing of the payment. The following table reconciles the beginning and ending balances of net assets and liabilities classified as Level 3: Total (in millions) Balance at September 30, 2015 $ (1 ) Additions (4 ) Reductions — Payments 1 Balance at September 30, 2016 $ (4 ) The majority of the Company’s non-financial instruments, which include goodwill, intangible assets, inventories, and property, plant, and equipment, are not required to be re-measured to fair value on a recurring basis. These assets are evaluated for impairment if certain triggering events occur. If such evaluation indicates that impairment exists, the asset is written down to its fair value. In addition, an impairment analysis is performed at least annually for goodwill and indefinite-lived intangible assets. Fair Value of Debt Based on the level of interest rates prevailing at September 30, 2016, the fair value of the Company’s debt was $2.896 billion. Based on the level of interest rates prevailing at September 30, 2015, the fair value of the Company’s debt was $2.976 billion. The fair value of the Company’s debt instruments are determined using quoted market prices from less active markets or by using quoted market prices for instruments with identical terms and maturities; both approaches are considered a Level 2 measurement.

Subsequent Events

Subsequent Events	12 Months Ended
	Sep. 30, 2016
Subsequent Events [Abstract]
Subsequent Events	17. Subsequent Events California Headquarters Lease As of October 7, 2016, we entered into a lease agreement for new office space located in the Ford Factory Building at 777 S. Santa Fe Avenue, Los Angeles, California, 90021, to be used as our new Los Angeles, California headquarters beginning on August 1, 2017 for an initial term of 12 years and 9 months with a single option to extend the term of the lease for 10 years. Rental payments under the Lease will total approximately $10.0 million per year, subject to annual fixed increases, excluding rent abatement of 75% for 16 months beginning in month two of the Lease term. October 2016 Refinancing Transactions On October 18, 2016, Acquisition Corp. issued €345 million in aggregate principal amount of its 4.125% Senior Secured Notes due 2024 and $250 million in aggregate principal amount of its 4.875% Senior Secured Notes due 2024. Acquisition Corp. used the net proceeds to pay the consideration in the tender offers and satisfy and discharge its On October 18, 2016, Acquisition Corp. accepted for purchase in connection with tender offers for its 6.000% Senior Secured Notes due 2021 (the “Existing Dollar Notes”) and 6.250% Senior Secured Notes due 2021 (the “Existing Euro Notes” and, together with the Existing Dollar Notes, the “2021 Senior Secured Notes”) the 2021 Senior Secured Notes that had been validly tendered and not validly withdrawn at or prior to 5:00 p.m., New York City time on October 17, 2016 (the “Expiration Time”). Acquisition Corp. then issued a notice of redemption on October 18, 2016 with respect to the remaining 2021 Senior Secured Notes not accepted for payment pursuant to the tender offers. Following payment of the 2021 Senior Secured Notes tendered at or prior to the Expiration Time, Acquisition Corp. deposited with the Trustee for the 2021 Senior Secured Notes not accepted for purchase in the tender offers funds sufficient to satisfy all obligations remaining to the date of redemption, which redemption date will be January 15, 2017, under the applicable indenture governing the 2021 Senior Secured Notes. These transactions are collectively referred to as the “October 2016 Refinancing Transactions.” The Company expects to record a loss on extinguishment of debt of approximately $31 million in the first quarter of fiscal 2017 as a result of the October 2016 Refinancing Transactions, which represents the premium paid on early redemption and unamortized deferred financing costs. November 2016 Senior Term Loan Credit Agreement Amendment On November 21, 2016, Acquisition Corp received lender consent to an amendment (the “November 2016 Senior Term Loan Amendment”) to the Senior Term Loan Credit Agreement governing Acquisition Corp.’s Senior Term Loan Facility, which extended the maturity date of the Senior Term Loan Credit Agreement to November 1, 2023, subject, in certain circumstances, to a springing maturity inside the maturity date of certain of Acquisition Corp.’s other outstanding indebtedness and increased the principal amount outstanding by $27.5 million to $1,006 million. 5.625% Existing Secured Notes Redemption On November 21, 2016, Acquisition Corp. redeemed 10%, or $27.5 million of its 5.625% Senior Secured Notes due 2022 (the “5.625% Secured Notes”). The redemption price was equal to 103% of the principal amount of the 5.625% Secured Notes, plus accrued and unpaid interest to, but not including the redemption date. Following the partial redemption by Acquisition Corp. of the 5.625% Secured Notes, $247,500,000 of the 5.625% Secured Notes remain outstanding.

Quarterly Financial Information

Quarterly Financial Information	12 Months Ended
	Sep. 30, 2016
Quarterly Financial Information Disclosure [Abstract]
Quarterly Financial Information	WARNER MUSIC GROUP CORP. 2016 QUARTERLY FINANCIAL INFORMATION (unaudited) The following table sets forth the quarterly information for Warner Music Group Corp. Three months ended September 30, June 30, March 31, December 31, 2016 2016 2016 2015 (in millions) Revenues $ 841 $ 811 $ 745 $ 849 Costs and expenses: Cost of revenue (436 ) (448 ) (374 ) (449 ) Selling, general and administrative expenses (a) (295 ) (255 ) (256 ) (276 ) Amortization expense (55 ) (63 ) (63 ) (62 ) Total costs and expenses (786 ) (766 ) (693 ) (787 ) Operating income 55 45 52 62 Loss on extinguishment of debt (14 ) — (4 ) — Interest expense, net (42 ) (43 ) (43 ) (45 ) Other (expense) income (7 ) (5 ) 22 8 (Loss) income before income taxes (8 ) (3 ) 27 25 Income tax benefit (expense) 5 (4 ) (15 ) 3 Net (loss) income (3 ) (7 ) 12 28 Less: income attributable to noncontrolling interest (1 ) (2 ) (1 ) (1 ) Net (loss) income attributable to Warner Music Group Corp. $ (4 ) $ (9 ) $ 11 $ 27 Quarterly operating results can be disproportionately affected by a particularly strong or weak quarter. Therefore, these quarterly operating results are not necessarily indicative of the results that may be expected for the full fiscal year. WARNER MUSIC GROUP CORP. 2015 QUARTERLY FINANCIAL INFORMATION (unaudited) The following table sets forth the quarterly information for Warner Music Group Corp. Three months ended September 30, June 30, March 31, December 31, 2015 2015 2015 2014 (in millions) Revenues $ 750 $ 710 $ 677 $ 829 Costs and expenses: Cost of revenue (375 ) (373 ) (318 ) (445 ) Selling, general and administrative expenses (a) (274 ) (251 ) (252 ) (296 ) Amortization expense (64 ) (63 ) (63 ) (65 ) Total costs and expenses (713 ) (687 ) (633 ) (806 ) Operating income 37 23 44 23 Interest expense, net (45 ) (45 ) (45 ) (46 ) Other income (expense) (9 ) (17 ) 14 (9 ) Loss (income) before income taxes (17 ) (39 ) 13 (32 ) Income tax (expense) benefit (6 ) (4 ) 6 (9 ) Net (loss) income (23 ) (43 ) 19 (41 ) Less: income attributable to noncontrolling interest — (1 ) (1 ) (1 ) Net (loss) income attributable to Warner Music Group Corp. $ (23 ) $ (44 ) $ 18 $ (42 ) Quarterly operating results can be disproportionately affected by a particularly strong or weak quarter. Therefore, these quarterly operating results are not necessarily indicative of the results that may be expected for the full fiscal year.

Guarantor and Non-Guarantor Sub

Guarantor and Non-Guarantor Subsidiaries Financial Information	12 Months Ended
	Sep. 30, 2016
Condensed Financial Information Of Parent Company Only Disclosure [Abstract]
Guarantor and Non-Guarantor Subsidiaries Financial Information	WARNER MUSIC GROUP CORP. Supplementary Information Consolidating Financial Statements The Company is the direct parent of Holdings, which is the direct parent of Acquisition Corp. Holdings has issued and outstanding the 13.75% Senior Notes due 2019 (the “Holdings Notes”). In addition, Acquisition Corp. has issued and outstanding the 5.625% Senior Secured Notes due 2022, the 6.00% Senior Secured Notes due 2021, the 6.25% Senior Secured Notes due 2021, and the 6.75% Senior Notes due 2022 (together, the “Acquisition Corp. Notes”). The Holdings Notes are guaranteed by the Company. These guarantees are full, unconditional, joint and several. The following condensed consolidating financial statements are presented for the information of the holders of the Holdings Notes and present the results of operations, financial position and cash flows of (i) the Company, which is the guarantor of the Holdings Notes, (ii) Holdings, which is the issuer of the Holdings Notes, (iii) the subsidiaries of Holdings (Acquisition Corp. is the only direct subsidiary of Holdings) and (iv) the eliminations necessary to arrive at the information for the Company on a consolidated basis. Investments in consolidated or combined subsidiaries are presented under the equity method of accounting. The Acquisition Corp. Notes are, or were, also guaranteed by the Company and, in addition, are guaranteed by all of Acquisition Corp.’s domestic wholly owned subsidiaries. The secured notes are guaranteed on a senior secured basis and the unsecured notes are guaranteed on an unsecured senior basis. The Company’s guarantee of the Acquisition Corp. Notes is full and unconditional. The guarantee of the Acquisition Corp. Notes by Acquisition Corp.’s domestic, wholly-owned subsidiaries are full, unconditional, joint and several. The following condensed consolidating financial statements are also presented for the information of the holders of the Acquisition Corp. Notes and present the results of operations, financial position and cash flows of (i) Acquisition Corp., which is the issuer of the Acquisition Corp. Notes, (ii) the guarantor subsidiaries of Acquisition Corp., (iii) the non-guarantor subsidiaries of Acquisition Corp. and (iv) the eliminations necessary to arrive at the information for Acquisition Corp. on a consolidated basis. Investments in consolidated subsidiaries are presented under the equity method of accounting. There are no restrictions on Acquisition Corp.’s ability to obtain funds from any of its wholly owned subsidiaries through dividends, loans or advances. The New Senior Secured Notes and the New Unsecured Notes are also guaranteed by the Company and, in addition, are guaranteed by all of Acquisition Corp.’s domestic wholly owned subsidiaries. The Company and Holdings are holding companies that conduct substantially all of their business operations through Acquisition Corp. Accordingly, the ability of the Company and Holdings to obtain funds from their subsidiaries is restricted by the indentures for the Acquisition Corp. Notes and the credit agreements for the Acquisition Corp. Senior Credit Facilities, and, with respect to the Company, the indenture for the Holdings Notes. Consolidating Balance Sheet September 30, 2016 WMG WMG WMG Warner Warner Acquisition Non- Acquisition Holdings Music Music Corp. Guarantor Guarantor Corp. Corp. Group Group Corp. (issuer) Subsidiaries Subsidiaries Eliminations Consolidated (issuer) Corp. Eliminations Consolidated (in millions) Assets: Current assets: Cash and equivalents $ — $ 180 $ 179 $ — $ 359 $ — $ — $ — $ 359 Accounts receivable, net — 177 152 — 329 — — — 329 Inventories — 16 25 — 41 — — — 41 Royalty advances expected to be recouped within one year — 79 49 — 128 — — — 128 Prepaid and other current assets 1 13 37 — 51 — — — 51 Total current assets 1 465 442 — 908 — — — 908 Due (to) from parent companies 750 (312 ) (438 ) — — — — — — Investments in and advances to (from) consolidated subsidiaries 2,260 1,458 — (3,718 ) — 195 195 (390 ) — Royalty advances expected to be recouped after one year — 120 76 — 196 — — — 196 Property, plant and equipment, net — 138 65 — 203 — — — 203 Goodwill — 1,372 255 — 1,627 — — — 1,627 Intangible assets subject to amortization, net — 1,165 1,036 — 2,201 — — — 2,201 Intangible assets not subject to amortization — 71 45 — 116 — — — 116 Other assets 37 62 19 — 118 — — — 118 Total assets $ 3,048 $ 4,539 $ 1,500 $ (3,718 ) $ 5,369 $ 195 $ 195 $ (390 ) $ 5,369 Liabilities and Deficit: Current liabilities: Accounts payable $ — $ 124 $ 80 $ — $ 204 $ — $ — $ — $ 204 Accrued royalties — 606 498 — 1,104 — — — 1,104 Accrued liabilities — 112 185 — 297 — — — 297 Accrued interest 38 — — — 38 — — — 38 Deferred revenue — 143 35 — 178 — — — 178 Current portion of long-term debt — — — — — — — — — Other current liabilities — 3 18 — 21 — — — 21 Total current liabilities 38 988 816 — 1,842 — — — 1,842 Long-term debt 2,812 — — — 2,812 — — — 2,812 Deferred tax liabilities, net — 109 160 — 269 — — — 269 Other noncurrent liabilities 3 126 107 — 236 — — — 236 Total liabilities 2,853 1,223 1,083 — 5,159 — — — 5,159 Total Warner Music Group Corp. equity (deficit) 195 3,314 404 (3,718 ) 195 195 195 (390 ) 195 Noncontrolling interest — 2 13 — 15 — — — 15 Total equity (deficit) 195 3,316 417 (3,718 ) 210 195 195 (390 ) 210 Total liabilities and equity (deficit) $ 3,048 $ 4,539 $ 1,500 $ (3,718 ) $ 5,369 $ 195 $ 195 $ (390 ) $ 5,369 Consolidating Balance Sheet September 30, 2015 WMG WMG WMG Warner Warner Acquisition Non- Acquisition Holdings Music Music Corp. Guarantor Guarantor Corp. Corp. Group Group Corp. (issuer) Subsidiaries Subsidiaries Eliminations Consolidated (issuer) Corp. Eliminations Consolidated (in millions) Assets: Current assets: Cash and equivalents $ — $ 73 $ 173 $ — $ 246 $ — $ — $ — $ 246 Accounts receivable, net — 170 179 — 349 — — — 349 Inventories — 15 27 — 42 — — — 42 Royalty advances expected to be recouped within one year — 80 50 — 130 — — — 130 Prepaid and other current assets 5 9 46 — 60 — — — 60 Total current assets 5 347 475 — 827 — — — 827 Due (to) from parent companies 863 (174 ) (689 ) — — — — — — Investments in and advances to (from) consolidated subsidiaries 2,365 1,187 — (3,552 ) — 376 221 (597 ) — Royalty advances expected to be recouped after one year — 120 75 — 195 — — — 195 Property, plant and equipment, net — 145 75 — 220 — — — 220 Goodwill — 1,379 253 — 1,632 — — — 1,632 Intangible assets subject to amortization, net — 1,271 1,243 — 2,514 — — — 2,514 Intangible assets not subject to amortization — 71 48 — 119 — — — 119 Other assets 39 53 17 — 109 5 — — 114 Total assets $ 3,272 $ 4,399 $ 1,497 $ (3,552 ) $ 5,616 $ 381 $ 221 $ (597 ) $ 5,621 Liabilities and Deficit: Current liabilities: Accounts payable $ — $ 79 $ 94 $ — $ 173 $ — $ — $ — $ 173 Accrued royalties — 513 574 — 1,087 — — — 1,087 Accrued liabilities 1 269 26 — 296 — — — 296 Accrued interest 48 — — — 48 10 — — 58 Deferred revenue — 140 66 — 206 — — — 206 Current portion of long-term debt 13 — — — 13 — — — 13 Other current liabilities — 7 18 (1 ) 24 — — — 24 Total current liabilities 62 1,008 778 (1 ) 1,847 10 — — 1,857 Long-term debt 2,831 — — — 2,831 150 — — 2,981 Deferred tax liabilities, net — 110 192 — 302 — — — 302 Other noncurrent liabilities 3 131 105 3 242 — — — 242 Total liabilities 2,896 1,249 1,075 2 5,222 160 — — 5,382 Total Warner Music Group Corp. equity (deficit) 376 3,149 405 (3,554 ) 376 221 221 (597 ) 221 Noncontrolling interest — 1 17 — 18 — — — 18 Total equity (deficit) 376 3,150 422 (3,554 ) 394 221 221 (597 ) 239 Total liabilities and equity (deficit) $ 3,272 $ 4,399 $ 1,497 $ (3,552 ) $ 5,616 $ 381 $ 221 $ (597 ) $ 5,621 Consolidating Statement of Operations For The Fiscal Year Ended September 30, 2016 WMG WMG WMG Warner Warner Acquisition Non- Acquisition Holdings Music Music Corp. Guarantor Guarantor Corp. Corp. Group Group Corp. (issuer) Subsidiaries Subsidiaries Eliminations Consolidated (issuer) Corp. Eliminations Consolidated (in millions) Revenues $ — $ 1,668 $ 1,887 $ (309 ) $ 3,246 $ — $ — $ — $ 3,246 Costs and expenses: Cost of revenue — (703 ) (1,192 ) 188 (1,707 ) — — — (1,707 ) Selling, general and administrative expenses — (739 ) (464 ) 121 (1,082 ) — — — (1,082 ) Amortization of intangible assets — (118 ) (125 ) — (243 ) — — — (243 ) Total costs and expenses — (1,560 ) (1,781 ) 309 (3,032 ) — — — (3,032 ) Operating income (loss) — 108 106 — 214 — — — 214 Loss on extinguishment of debt (4 ) — — — (4 ) (14 ) — — (18 ) Interest income (expense), net (84 ) 3 (79 ) 1 (159 ) (14 ) — — (173 ) Equity gains (losses) from consolidated subsidiaries 162 74 — (236 ) — 53 25 (78 ) — Other income (expense), net (10 ) 2 26 — 18 — — — 18 Income (loss) before income taxes 64 187 53 (235 ) 69 25 25 (78 ) 41 Income tax (expense) benefit (11 ) (20 ) 1 19 (11 ) — — — (11 ) Net income (loss) 53 167 54 (216 ) 58 25 25 (78 ) 30 Less: income attributable to noncontrolling interest — (1 ) (4 ) — (5 ) — — — (5 ) Net income (loss) attributable to Warner Music Group Corp. $ 53 $ 166 $ 50 $ (216 ) $ 53 $ 25 $ 25 $ (78 ) $ 25 Consolidating Statement of Operations For The Fiscal Year Ended September 30, 2015 WMG WMG WMG Warner Warner Acquisition Non- Acquisition Holdings Music Music Corp. Guarantor Guarantor Corp. Corp. Group Group Corp. (issuer) Subsidiaries Subsidiaries Eliminations Consolidated (issuer) Corp. Eliminations Consolidated (in millions) Revenues $ — $ 1,632 $ 1,588 $ (254 ) $ 2,966 $ — $ — $ — $ 2,966 Costs and expenses: Cost of revenue — (788 ) (866 ) 143 (1,511 ) — — — (1,511 ) Selling, general and administrative expenses 1 (675 ) (509 ) 110 (1,073 ) — — — (1,073 ) Amortization of intangible assets — (122 ) (133 ) — (255 ) — — — (255 ) Total costs and expenses 1 (1,585 ) (1,508 ) 253 (2,839 ) — — — (2,839 ) Operating (loss) income 1 47 80 (1 ) 127 — — — 127 Loss on extinguishment of debt — — — — — — — — — Interest income (expense), net (82 ) 6 (83 ) — (159 ) (22 ) — — (181 ) Equity gains (losses) from consolidated subsidiaries 35 (67 ) — 32 — (69 ) (91 ) 160 — Other income (expense), net (10 ) 1 (12 ) — (21 ) — — — (21 ) Income (loss) before income taxes (56 ) (13 ) (15 ) 31 (53 ) (91 ) (91 ) 160 (75 ) Income tax benefit (expense) (13 ) (29 ) — 29 (13 ) — — — (13 ) Net income (loss) (69 ) (42 ) (15 ) 60 (66 ) (91 ) (91 ) 160 (88 ) Less: income attributable to noncontrolling interest — (1 ) (2 ) — (3 ) — — — (3 ) Net income (loss) attributable to Warner Music Group Corp. $ (69 ) $ (43 ) $ (17 ) $ 60 $ (69 ) $ (91 ) $ (91 ) $ 160 $ (91 ) Consolidating Statement of Operations For The Fiscal Year Ended September 30, 2014 WMG WMG WMG Warner Warner Acquisition Non- Acquisition Holdings Music Music Corp. Guarantor Guarantor Corp. Corp. Group Group Corp. (issuer) Subsidiaries Subsidiaries Eliminations Consolidated (issuer) Corp. Eliminations Consolidated (in millions) Revenues $ — $ 1,498 $ 1,804 $ (275 ) $ 3,027 $ — $ — $ — $ 3,027 Costs and expenses: Cost of revenue — (639 ) (1,089 ) 158 (1,570 ) — — — (1,570 ) Selling, general and administrative expenses (1 ) (633 ) (655 ) 117 (1,172 ) — — — (1,172 ) Amortization of intangible assets — (120 ) (146 ) — (266 ) — — — (266 ) Total costs and expenses (1 ) (1,392 ) (1,890 ) 275 (3,008 ) — — — (3,008 ) Operating income (loss) (1 ) 106 (86 ) — 19 — — — 19 Loss on extinguishment of debt (141 ) — — — (141 ) — — — (141 ) Interest income (expense), net (102 ) 9 (88 ) — (181 ) (22 ) — — (203 ) Equity gains (losses) from consolidated subsidiaries (80 ) 113 — (33 ) — (286 ) (308 ) 594 — Other income (expense), net 12 (18 ) 2 — (4 ) — — — (4 ) Income (loss) before income taxes (312 ) 210 (172 ) (33 ) (307 ) (308 ) (308 ) 594 (329 ) Income tax benefit (expense) 26 (9 ) 26 (17 ) 26 — — — 26 Net income (loss) (286 ) 201 (146 ) (50 ) (281 ) (308 ) (308 ) 594 (303 ) Less: income attributable to noncontrolling interest — (1 ) (4 ) — (5 ) — — — (5 ) Net income (loss) attributable to Warner Music Group Corp. $ (286 ) $ 200 $ (150 ) $ (50 ) $ (286 ) $ (308 ) $ (308 ) $ 594 $ (308 ) Consolidating Statement of Comprehensive Income For The Fiscal Year Ended September 30, 2016 WMG WMG WMG Warner Warner Acquisition Non- Acquisition Holdings Music Music Corp. Guarantor Guarantor Corp. Corp. Group Group Corp. (issuer) Subsidiaries Subsidiaries Eliminations Consolidated (issuer) Corp. Eliminations Consolidated (in millions) Net income (loss) $ 53 $ 167 $ 54 $ (216 ) $ 58 $ 25 $ 25 $ (78 ) $ 30 Other comprehensive income (loss), net of tax: Foreign currency adjustment (44 ) — (44 ) 44 (44 ) (44 ) (44 ) 88 (44 ) Minimum pension liability (7 ) — (7 ) 7 (7 ) (7 ) (7 ) 14 (7 ) Deferred (loss) gain on derivative financial instruments — (1 ) — 1 — — — — — Other comprehensive (loss) income , net of tax: (51 ) (1 ) (51 ) 52 (51 ) (51 ) (51 ) 102 (51 ) Total comprehensive (loss) income 2 166 3 (164 ) 7 (26 ) (26 ) 24 (21 ) Less: income attributable to noncontrolling interest — (1 ) (4 ) — (5 ) — — — (5 ) Comprehensive (loss) income attributable to Warner Music Group Corp. $ 2 $ 165 $ (1 ) $ (164 ) $ 2 $ (26 ) $ (26 ) $ 24 $ (26 ) Consolidating Statement of Comprehensive Income For The Fiscal Year Ended September 30, 2015 WMG WMG WMG Warner Warner Acquisition Non- Acquisition Holdings Music Music Corp. Guarantor Guarantor Corp. Corp. Group Group Corp. (issuer) Subsidiaries Subsidiaries Eliminations Consolidated (issuer) Corp. Eliminations Consolidated (in millions) Net (loss) income $ (69 ) $ (42 ) $ (15 ) $ 60 $ (66 ) $ (91 ) $ (91 ) $ 160 $ (88 ) Other comprehensive income (loss), net of tax: Foreign currency adjustment (59 ) — (59 ) 59 (59 ) (59 ) (59 ) 118 (59 ) Minimum pension liability — — — — — — — — — Other comprehensive income (loss), net of tax: (59 ) — (59 ) 59 (59 ) (59 ) (59 ) 118 (59 ) Total comprehensive (loss) income (128 ) (42 ) (74 ) 119 (125 ) (150 ) (150 ) 278 (147 ) Less: income attributable to noncontrolling interest — (1 ) (2 ) — (3 ) — — — (3 ) Comprehensive (loss) income attributable to Warner Music Group Corp. $ (128 ) $ (43 ) $ (76 ) $ 119 $ (128 ) $ (150 ) $ (150 ) $ 278 $ (150 ) Consolidating Statement of Comprehensive Income For The Fiscal Year Ended September 30, 2014 WMG WMG WMG Warner Warner Acquisition Non- Acquisition Holdings Music Music Corp. Guarantor Guarantor Corp. Corp. Group Group Corp. (issuer) Subsidiaries Subsidiaries Eliminations Consolidated (issuer) Corp. Eliminations Consolidated (in millions) Net (loss) income $ (286 ) $ 201 $ (146 ) $ (50 ) $ (281 ) $ (308 ) $ (308 ) $ 594 $ (303 ) Other comprehensive income (loss), net of tax: Foreign currency adjustment (41 ) — (41 ) 41 (41 ) (41 ) (41 ) 82 (41 ) Minimum Pension Liability (6 ) — (6 ) 6 (6 ) (6 ) (6 ) 12 (6 ) Other comprehensive income (loss), net of tax: (47 ) — (47 ) 47 (47 ) (47 ) (47 ) 94 (47 ) Total comprehensive (loss) income (333 ) 201 (193 ) (3 ) (328 ) (355 ) (355 ) 688 (350 ) Less: income attributable to noncontrolling interest — (1 ) (4 ) — (5 ) — — — (5 ) Comprehensive (loss) income attributable to Warner Music Group Corp. $ (333 ) $ 200 $ (197 ) $ (3 ) $ (333 ) $ (355 ) $ (355 ) $ 688 $ (355 ) Consolidating Statement of Cash Flows For The Fiscal Year Ended September 30, 2016 WMG WMG WMG Warner Warner Acquisition Non- Acquisition Holdings Music Music Corp. Guarantor Guarantor Corp. Corp. Group Group Corp. (issuer) Subsidiaries Subsidiaries Eliminations Consolidated (issuer) Corp. Eliminations Consolidated (in millions) Cash flows from operating activities Net income (loss) $ 53 $ 167 $ 54 $ (216 ) $ 58 $ 25 $ 25 $ (78 ) $ 30 Adjustments to reconcile net income (loss) to net cash provided by operating activities: Depreciation and amortization — 156 137 — 293 — — — 293 Unrealized gains/losses and remeasurement of foreign denominated loans — — — — — — — — — Deferred income taxes — — (26 ) — (26 ) — — — (26 ) Loss on extinguishment of debt 4 — — — 4 14 — — 18 Net gain on divestitures — (3 ) (6 ) — (9 ) — — — (9 ) Gain on sale of real estate — — (24 ) — (24 ) — — — (24 ) Non-cash interest expense 10 — — — 10 1 — — 11 Non-cash share-based compensation expense — 23 — — 23 — — — 23 Equity losses (gains), including distributions (162 ) (74 ) — 236 — (53 ) (25 ) 78 — Changes in operating assets and liabilities: Accounts receivable — (7 ) 24 — 17 — — — 17 Inventories — — — — — — — — — Royalty advances — 1 (14 ) — (13 ) — — — (13 ) Accounts payable and accrued liabilities — 142 (99 ) (20 ) 23 — — — 23 Royalty payables — 93 (44 ) — 49 — — — 49 Accrued interest (10 ) — — — (10 ) (10 ) — — (20 ) Deferred revenue — (4 ) (31 ) — (35 ) — — — (35 ) Other balance sheet changes (4 ) (10 ) 19 — 5 — — — 5 Net cash (used in) provided by operating activities (109 ) 484 (10 ) — 365 (23 ) — — 342 Cash flows from investing activities Acquisition of music publishing rights, net — (16 ) (9 ) — (25 ) — — — (25 ) Capital expenditures — (30 ) (12 ) — (42 ) — — — (42 ) Investments and acquisitions of businesses, net — (10 ) (18 ) — (28 ) — — — (28 ) Divestitures, net of cash on hand — 8 37 — 45 — — — 45 Proceeds from the sale of real estate — — 42 — 42 — — — 42 Advance to Issuer 329 — — (329 ) — — — — — Net cash (used in) provided by investing activities 329 (48 ) 40 (329 ) (8 ) — — — (8 ) Cash flows from financing activities Dividend by Acquisition Corp. to Holdings Corp. (183 ) — — — (183 ) 183 — — — Repayment of Acquisition Corp. Senior Term Loan Facility (309 ) — — — (309 ) — — — (309 ) Proceeds from issuance of Acquisition Corp. 5.00% Senior Secured Notes 300 — — — 300 — — — 300 Repayment of Holdings 13.75% Senior Notes — — — — — (150 ) — — (150 ) Repayment of Acquisition Corp. 6.75% Senior Notes (24 ) — — — (24 ) — — — (24 ) Financing costs paid — — — — — (10 ) — — (10 ) Deferred financing costs paid (4 ) — — — (4 ) — — — (4 ) Distribution to noncontrolling interest holder — — (5 ) — (5 ) — — — (5 ) Repayment of capital lease obligations — — (14 ) — (14 ) — — — (14 ) Change in due to (from) issuer — (329 ) — 329 — — — — — Net cash (used in) provided by financing activities (220 ) (329 ) (19 ) 329 (239 ) 23 — — (216 ) Effect of exchange rate changes on cash and equivalents — — (5 ) — (5 ) — — — (5 ) Net increase in cash and equivalents — 107 6 — 113 — — — 113 Cash and equivalents at beginning of period — 73 173 — 246 — — — 246 Cash and equivalents at end of period $ — $ 180 $ 179 $ — $ 359 $ — $ — $ — $ 359 Consolidating Statement of Cash Flows For The Fiscal Year Ended September 30, 2015 WMG WMG WMG Warner Warner Acquisition Non- Acquisition Holdings Music Music Corp. Guarantor Guarantor Corp. Corp. Group Group Corp. (issuer) Subsidiaries Subsidiaries Eliminations Consolidated (issuer) Corp. Eliminations Consolidated (in millions) Cash flows from operating activities Net (loss) income $ (69 ) $ (42 ) $ (15 ) $ 60 $ (66 ) $ (91 ) $ (91 ) $ 160 $ (88 ) Adjustments to reconcile net (loss) income to net cash provided by operating activities: Loss on extinguishment of debt — — — — — — — — — Depreciation and amortization (1 ) 162 148 — 309 — — — 309 Unrealized gains/losses and remeasurement of foreign denominated loans 21 55 (48 ) — 28 — — — 28 Deferred income taxes — — (11 ) — (11 ) — — — (11 ) Gain on sale of assets — — — — — — — — — Non-cash interest expense 10 — — — 10 1 — — 11 Non-cash share-based compensation expense — 3 — — 3 — — — 3 Equity losses (gains), including distributions (35 ) 67 — (32 ) — 69 91 (160 ) — Changes in operating assets and liabilities: Accounts receivable — 4 2 — 6 — — — 6 Inventories — (1 ) (5 ) — (6 ) — — — (6 ) Royalty advances — (23 ) (23 ) — (46 ) — — — (46 ) Accounts payable and accrued liabilities — 26 (15 ) (28 ) (17 ) — — — (17 ) Royalty payables — (19 ) 46 — 27 — — — 27 Accrued interest (2 ) — — — (2 ) — — — (2 ) Deferred revenue — (9 ) 21 — 12 — — — 12 Other balance sheet changes — 3 (7 ) — (4 ) — — — (4 ) Net cash provided by (used in) operating activities (76 ) 226 93 — 243 (21 ) — — 222 Cash flows from investing activities Acquisition of music publishing rights, net — (9 ) (7 ) — (16 ) — — — (16 ) Capital expenditures — (48 ) (15 ) — (63 ) — — — (63 ) Investments and acquisitions of businesses, net — (11 ) (5 ) — (16 ) — — — (16 ) Advances to issuer 110 — — (110 ) — — — — — Net cash provided by (used in) investing activities 110 (68 ) (27 ) (110 ) (95 ) — — — (95 ) Cash flows from financing activities Dividend by Acquisition Corp. to Holdings Corp. (21 ) — — — (21 ) 21 — — — Proceeds from the Revolving Credit Facility 258 — — — 258 — — — 258 Repayment of the Revolving Credit Facility (258 ) — — — (258 ) — — — (258 ) Repayment of Acquisition Corp. Senior Term Loan Facility (13 ) — — — (13 ) — — — (13 ) Proceeds from issuance of Acquisition Corp. 5.625% Senior Secured Notes — — — — — — — — — Proceeds from issuance of Acquisition Corp. 6.750% Senior Notes — — — — — — — — — Repayment of Acquisition Corp. 11.5% Senior Notes — — — — — — — — — Financing costs paid — — — — — — — — — Deferred financing costs paid — — — — — — — — — Distribution to noncontrolling interest holder — (1 ) (2 ) — (3 ) — — — (3 ) Repayment of capital lease obligations — — (3 ) — (3 ) — — — (3 ) Change in due to (from) issuer — (110 ) — 110 — — — — — Net cash provided by (used in) financing activities (34 ) (111 ) (5 ) 110 (40 ) 21 — — (19 ) Effect of exchange rate changes on cash and equivalents — — (19 ) — (19 ) — — — (19 ) Net increase (decrease) in cash and equivalents — 47 42 — 89 — — — 89 Cash and equivalents at beginning of period — 26 131 — 157 — — — 157 Cash and equivalents at end of period $ — $ 73 $ 173 $ — $ 246 $ — $ — $ — $ 246 Consolidating Statement of Cash Flows For The Fiscal Year Ended September 30, 2014 WMG WMG WMG Warner Warner Acquisition Non- Acquisition Holdings Music Music Corp. Guarantor Guarantor Corp. Corp. Group Group Corp. (issuer) Subsidiaries Subsidiaries Eliminations Consolidated (issuer) Corp. Eliminations Consolidated (in millions) Cash flows from operating activities Net (loss) income $ (286 ) $ 201 $ (146 ) $ (50 ) $ (281 ) $ (308 ) $ (308 ) $ 594 $ (303 ) Adjustments to reconcile net (loss) income to net cash provided by operating activities: Loss on extinguishment of debt 141 — — — 141 — — — 141 Depreciation and amortization — 160 161 — 321 — — — 321 Unrealized gains/losses and remeasurement of foreign denominated loans (12 ) (23 ) (4 ) — (39 ) (39 ) Deferred income taxes — — (55 ) — (55 ) — — — (55 ) Gain on sale of assets — (2 ) — — (2 ) — — — (2 ) Non-cash interest expense 12 — — — 12 1 — — 13 Non-cash share-based compensation expense — 8 — — 8 — — — 8 Equity losses (gains), including distributions 80 (113 ) — 33 — 286 308 (594 ) — Changes in operating assets and liabilities: Accounts receivable — 10 62 — 72 — — — 72 Inventories — (3 ) (4 ) — (7 ) — — — (7 ) Royalty advances — (9 ) (23 ) — (32 ) — — — (32 ) Accounts payable and accrued liabilities — (162 ) 75 — (87 ) — — — (87 ) Royalty payables — (38 ) 63 — 25 — — — 25 Accrued interest (15 ) — — — (15 ) — — — (15 ) Deferred revenue — 107 (12 ) — 95 — — — 95 Other balance sheet changes — 2 (22 ) 15 (5 ) — — — (5 ) Net cash provided by (used in) operating activities (80 ) 138 95 (2 ) 151 (21 ) — — 130 Cash flows from investing activities Acquisition of music publishing rights, net — (16 ) (10 ) — (26 ) — — — (26 ) Capital expenditures — (53 ) (23 ) — (76 ) — — — (76 ) Investments and acquisitions of businesses, net — 2 (55 ) — (53 ) — — — (53 ) Advances to issuer 58 — — (58 ) — — — — — Net cash provided by (used in) investing activities 58 (67 ) (88 ) (58 ) (155 ) — — — (155 ) Cash flows from financing activities Dividend by Acquisition Corp. to Holdings Corp. (21 ) — — — (21 ) 21 — — — Proceeds from the Revolving Credit Facility 600 — — — 600 — — — 600 Repayment of the Revolving Credit Facility (600 ) — — — (600 ) — — — (600 ) Repayment of Acquisition Corp. Senior Term Loan Facility (10 ) — — — (10 ) — — — (10 ) Proceeds from issuance of Acquisition Corp. 5.625% Senior Secured Notes 275 — — — 275 — — — 275 Proceeds from issuance of Acquisition Corp. 6.750% Senior Notes 660 — — — 660 — — — 660 Repayment of Acquisition Corp. 11.5% Senior Notes (765 ) — — — (765 ) — — — (765 ) Financing costs paid (104 ) — — — (104 ) — — — (104 ) Deferred financing costs paid (13 ) — — — (13 ) — — — (13 ) Distribution to noncontrolling interest holder — (1 ) (2 ) — (3 ) — — — (3 ) Repayment of capital lease obligations — — (3 ) — (3 ) — — — (3 ) Change in due to (from) issuer — (60 ) — 60 — — — — — Net cash provided by (used in) financing activities 22 (61 ) (5 ) 60 16 21 — — 37 Effect of exchange rate changes on cash and equivalents — — (10 ) — (10 ) — — — (10 ) Net increase (decrease) in cash and equivalents — 10 (8 ) — 2 — — — 2 Cash and equivalents at beginning of period — 16 139 — 155 — — — 155 Cash and equivalents at end of period $ — $ 26 $ 131 $ — $ 157 $ — $ — $ — $ 157 1

Schedule II - Valuation and Qua

Schedule II - Valuation and Qualifying Accounts	12 Months Ended
	Sep. 30, 2016
Valuation And Qualifying Accounts [Abstract]
Schedule II - Valuation and Qualifying Accounts	Schedule II — Valuation and Qualifying Accounts Additions Balance at Charged to Balance at Beginning Cost and End of Description of Period Expenses Deductions Other (a) Period (in millions) Year Ended September 30, 2016 Allowance for doubtful accounts $ 12 $ 6 $ — $ 1 $ 19 Reserves for sales returns 44 131 (142 ) — 33 Allowance for deferred tax asset 344 27 (61 ) — 310 Year Ended September 30, 2015 Allowance for doubtful accounts $ 11 $ 7 $ (6 ) $ — $ 12 Reserves for sales returns 54 161 (171 ) — 44 Allowance for deferred tax asset 394 34 (84 ) — 344 Year Ended September 30, 2014 Allowance for doubtful accounts $ 2 $ 2 $ — $ 7 $ 11 Reserves for sales returns 53 194 (193 ) — 54 Allowance for deferred tax asset 296 101 (3 ) — 394 (a) Other changes due to acquisitions and dispositions.

Summary of Significant Accoun30

Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Sep. 30, 2016
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The accompanying consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States (“U.S. GAAP”). In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation have been included. The Company maintains a 52-53 week fiscal year ending on the last Friday in each reporting period. The fiscal year ended September 30, 2016 ended on September 30, 2016, the fiscal year ended September 30, 2015 ended on September 25, 2015, and the fiscal year ended September 30, 2014 ended on September 26, 2014. For convenience purposes, the Company continues to date its financial statements as of September 30.
Basis of Consolidation	Basis of Consolidation The accompanying financial statements present the consolidated accounts of all entities in which the Company has a controlling voting interest and/or variable interest required to be consolidated in accordance with U.S. GAAP. All intercompany balances and transactions have been eliminated. Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) Topic 810, Consolidation (“ASC 810”) requires the Company first evaluate its investments to determine if any investments qualify as a variable interest entity (“VIE”). A VIE is consolidated if the Company is deemed to be the primary beneficiary of the VIE, which is the party involved with the VIE that has both (i) the power to control the most significant activities of the VIE and (ii) either the obligation to absorb losses or the right to receive benefits that could potentially be significant to the VIE. If an entity is not deemed to be a VIE, the Company consolidates the entity if the Company has a controlling voting interest.
Reclassifications	Reclassifications Certain reclassifications have been made to the prior fiscal years’ consolidated financial statements to conform to the current fiscal-year presentation.
Use of Estimates	Use of Estimates The preparation of consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the amounts reported in the Consolidated Financial Statements and the accompanying notes. Actual results could differ from those estimates.
Business Combinations	Business Combinations The Company accounts for its business acquisitions under the FASB ASC Topic 805, Business Combinations (“ASC 805”) guidance for business combinations. The total cost of acquisitions is allocated to the underlying identifiable net assets based on their respective estimated fair values. The excess of the purchase price over the estimated fair values of the net assets acquired is recorded as goodwill. Determining the fair value of assets acquired and liabilities assumed requires management’s judgment and often involves the use of significant estimates and assumptions, including assumptions with respect to future cash inflows and outflows, discount rates, asset lives and market multiples, among other items.
Cash and Equivalents	Cash and Equivalents The Company considers all highly liquid investments with maturities of three months or less at the date of purchase to be cash equivalents. The Company includes checks outstanding at year end as a component of accounts payable, instead of a reduction in its cash balance where there is not a right of offset in the related bank accounts.
Accounts Receivable	Accounts Receivable Credit is extended to customers based upon an evaluation of the customer’s financial condition. Accounts receivable are recorded at net realizable value.
Sales Returns and Allowance for Doubtful Accounts	Sales Returns and Allowance for Doubtful Accounts Management’s estimate of physical recorded music products that will be returned, and the amount of receivables that will ultimately be collected is an area of judgment affecting reported revenues and operating income. In determining the estimate of physical product sales that will be returned, management analyzes vendor sales of product, historical return trends, current economic conditions, changes in customer demand and commercial acceptance of our products. Based on this information, management reserves a percentage of each dollar of physical product sales that provide the customer with the right of return. The provision for such sales returns is reflected as a reduction in the revenues from the related sale. Similarly, the Company monitors customer credit risk related to accounts receivable. Significant judgments and estimates are involved in evaluating if such amounts will ultimately be fully collected. On an ongoing basis, the Company tracks customer exposure based on news reports, ratings agency information, reviews of customer financial data and direct dialogue with customers. Counterparties that are determined to be of a higher risk are evaluated to assess whether the payment terms previously granted to them should be modified. The Company also monitors payment levels from customers, and a provision for estimated uncollectible amounts is maintained based on such payment levels, historical experience, management’s views on trends in the overall receivable agings and, for larger accounts, analyses of specific risks on a customer specific basis.
Concentration of Credit Risk	Concentration of Credit Risk Customer credit risk represents the potential for financial loss if a customer is unwilling or unable to meet its agreed upon contractual payment obligations. The Company has no Recorded Music customers that individually represent more than 10% of the Company’s consolidated gross accounts receivable. As such, the Company does not believe there is any significant collection risk. In the Music Publishing business, the Company collects a significant portion of its royalties from copyright collection societies around the world. Collection societies and associations generally are not-for-profit organizations that represent composers, songwriters and music publishers. These organizations seek to protect the rights of their members by licensing, collecting license fees and distributing royalties for the use of the members’ works. Accordingly, the Company does not believe there is any significant collection risk from such societies.
Inventories	Inventories Inventories consist of DVDs, CDs, Vinyl and related music products. Inventories are stated at the lower of cost or estimated realizable value. Cost is determined using first-in, first-out (“FIFO”) and average cost methods, which approximate cost under the FIFO method. Returned goods included in inventory are valued at estimated realizable value, but not in excess of cost.
Derivative and Financial Instruments	Derivative and Financial Instruments The Company accounts for these investments as required by the FASB ASC Topic 815, Derivatives and Hedging (“ASC 815”), which requires that all derivative instruments be recognized on the balance sheet at fair value. ASC 815 also provides that, for derivative instruments that qualify for hedge accounting, changes in the fair value are either (a) offset against the change in fair value of the hedged assets, liabilities, or firm commitments through earnings or (b) recognized in equity until the hedged item is recognized in earnings, depending on whether the derivative is being used to hedge changes in fair value or cash flows. In addition, the ineffective portion of a derivative’s change in fair value is immediately recognized in earnings. The carrying value of the Company’s financial instruments approximates fair value, except for certain differences relating to long-term, fixed-rate debt (see Note 16) and other financial instruments that are not significant. The fair value of financial instruments is generally determined by reference to market values resulting from trading on a national securities exchange or an over-the-counter market. In cases where quoted market prices are not available, fair value is based on estimates using present value or other valuation techniques.
Property, Plant and Equipment	Property, Plant and Equipment Property, plant and equipment existing at the date of the Merger or acquired in conjunction with subsequent business combinations are recorded at fair value. All other additions are recorded at historical cost. Depreciation is calculated using the straight-line method based upon the estimated useful lives of depreciable assets as follows: five to seven years for furniture and fixtures, periods of up to five years for computer equipment and periods of up to five years for machinery and equipment. Buildings are depreciated over periods of up to forty years. Leasehold improvements are depreciated over the life of the lease or estimated useful lives of the improvements, whichever period is shorter.
Internal-Use Software Development Costs	Internal-Use Software Development Costs As required by FASB ASC Subtopic 350-40, Internal-Use Software (“ASC 350-40”), the Company capitalizes certain external and internal computer software costs incurred during the application development stage. The application development stage generally includes software design and configuration, coding, testing and installation activities. Training and maintenance costs are expensed as incurred, while upgrades and enhancements are capitalized if it is probable that such expenditures will result in additional functionality. Capitalized software costs are depreciated over the estimated useful life of the underlying project on a straight-line basis, generally not exceeding five years and are recorded as a component of depreciation expense.
Accounting for Goodwill and Other Intangible Assets	Accounting for Goodwill and Other Intangible Assets In accordance with FASB ASC Topic 350, Intangibles-Goodwill and Other (“ASC 350”), the Company accounts for business combinations using the acquisition method of accounting and accordingly, the assets and liabilities of the acquired entities are recorded at their estimated fair values at the acquisition date. Goodwill represents the excess of the purchase price over the fair value of net assets, including the amount assigned to identifiable intangible assets. Pursuant to this guidance, the Company does not amortize the goodwill balance and instead, performs an annual impairment test to assess the fair value of goodwill over its carrying value. Identifiable intangible assets with finite lives are amortized over their useful lives. Goodwill impairment is determined using a two-step process. The first step involves a comparison of the estimated fair value of the reporting unit to its carrying amount, including goodwill. If the estimated fair value of the reporting unit exceeds its carrying amount, its goodwill is not impaired and the second step of the impairment test is not necessary. If the carrying amount of the reporting unit exceeds its estimated fair value, then the second step of the goodwill impairment test must be performed. The second step of the goodwill impairment test compares the implied fair value of the reporting unit goodwill with its carrying amount to measure the amount of impairment, if any. The implied fair value of goodwill is determined in the same manner as the amount of goodwill recognized in a business combination. If the carrying amount of the reporting unit goodwill exceeds the implied fair value of that goodwill, an impairment is recognized in an amount equal to that excess. Goodwill is tested annually for impairment during the fourth quarter of each fiscal year as of July 1 or earlier upon the occurrence of certain events or substantive changes in circumstances. The Company performs an annual impairment test of its indefinite-lived intangible assets as of July 1 of each fiscal year, unless events occur which trigger the need for an earlier impairment test. The impairment test involves a comparison of the estimated fair value of the intangible asset with its carrying value. If the carrying value of the intangible asset exceeds its fair value, an impairment loss is recognized in an amount equal to that excess. The estimates of fair value of intangible assets not subject to amortization are determined using a DCF analysis. Common among such an approach is the “relief from royalty” methodology, which is used in estimating the fair value of the Company’s trademarks. Discount rate assumptions are based on an assessment of the risk inherent in the projected future cash flows generated by the respective intangible assets. Also subject to judgment are assumptions about royalty rates, which are based on the estimated rates at which similar trademarks are being licensed in the marketplace. The impairment tests require management to make assumptions about future conditions impacting the value of the indefinite-lived intangible assets, including projected growth rates, cost of capital, effective tax rates, tax amortization periods, royalty rates, market share and others.
Valuation of Long-Lived Assets	Valuation of Long-Lived Assets The Company periodically reviews the carrying value of its long-lived assets, including finite lived intangibles, property, plant and equipment and amortizable intangible assets, whenever events or changes in circumstances indicate that the carrying value may not be recoverable or that the lives assigned may no longer be appropriate. To the extent the estimated future cash inflows attributable to the asset, less estimated future cash outflows, are less than the carrying amount, an impairment loss is recognized in an amount equal to the difference between the carrying value of such asset and its fair value. Assets to be disposed of and for which there is a committed plan to dispose of the assets, whether through sale or abandonment, are reported at the lower of carrying value or fair value less costs to sell. If it is determined that events and circumstances warrant a revision to the remaining period of amortization, an asset’s remaining useful life would be changed, and the remaining carrying amount of the asset would be amortized prospectively over that revised remaining useful life.
Foreign Currency Translation	Foreign Currency Translation The financial position and operating results of substantially all foreign operations are consolidated using the local currency as the functional currency. Local currency assets and liabilities are translated at the rates of exchange on the balance sheet date, and local currency revenues and expenses are translated at average rates of exchange during the period. Resulting translation gains or losses are included in the accompanying consolidated statements of equity as a component of accumulated other comprehensive loss.
Revenues	Revenues Recorded Music As required by FASB ASC Topic 605, Revenue Recognition (“ASC 605”), the Company recognizes revenue when persuasive evidence of an arrangement exists, delivery has occurred, the sales price is fixed or determinable and collection is probable. Revenues from the sale of physical Recorded Music products are recognized upon delivery, which occurs once the product has been shipped and title and risk of loss have been transferred. In accordance with industry practice and as is customary in many territories, certain products, such as CDs and DVDs, are sold to customers with the right to return unsold items. Revenues from such sales are generally recognized upon shipment based on gross sales less a provision for future estimated returns. Revenues from the sale of Recorded Music products through digital distribution channels are recognized when the products are sold and related sales accounting reports are delivered by the providers. Music Publishing Music Publishing revenues are earned from the receipt of royalties relating to the licensing of rights in musical compositions, and the sale of published sheet music and songbooks. The receipt of royalties principally relates to amounts earned from the public performance of copyrighted material, the mechanical reproduction of copyrighted material on recorded media including digital formats, and the use of copyrighted material in synchronization with visual images. Consistent with industry practice, music publishing royalties, except for synchronization royalties, generally are recognized as revenue when cash is received. Synchronization revenue is recognized as revenue on an accrual basis when all revenue recognition criteria are met in accordance with ASC 605. Gross Versus Net Revenue Classification In the normal course of business, the Company acts as an intermediary or agent with respect to certain payments received from third parties. For example, the Company distributes music product on behalf of third-party record labels. As required by FASB ASC Subtopic 605-45, Principal Agent Considerations, such transactions are recorded on a “gross” or “net” basis depending on whether the Company is acting as the “principal” in the transaction or acting as an “agent” in the transaction. The Company serves as the principal in transactions in which it has substantial risks and rewards of ownership and, accordingly, revenues are recorded on a gross basis. For those transactions in which the Company does not have substantial risks and rewards of ownership, the Company is considered an agent and, accordingly, revenues are recorded on a net basis. To the extent revenues are recorded on a gross basis, any participations and royalties paid to third parties are recorded as expenses so that the net amount (gross revenues less expenses) flows through operating income. To the extent revenues are recorded on a net basis, revenues are reported based on the amounts received, less participations and royalties paid to third parties. In both cases, the impact on operating income is the same whether the Company records the revenues on a gross or net basis. Based on an evaluation of the individual terms of each contract and whether the Company is acting as principal or agent, the Company generally records revenues from the distribution of recorded music product on behalf of third-party record labels on a gross basis. However, revenues are recorded on a net basis for recorded music compilations distributed by other record companies where the Company has a right to participate in the profits.
Royalty Advances and Royalty Costs	Royalty Advances and Royalty Costs The Company regularly commits to and pays royalty advances to its recording artists and songwriters in respect of future sales. The Company accounts for these advances under the related guidance in FASB ASC Topic 928, Entertainment—Music (“ASC 928”). Under ASC 928, the Company capitalizes as assets certain advances that it believes are recoverable from future royalties to be earned by the recording artist or songwriter. Advances vary in both amount and expected life based on the underlying recording artist or songwriter. The Company’s decision to capitalize an advance to a recording artist or songwriter as an asset requires significant judgment as to the recoverability of the advance. The recoverability is assessed upon initial commitment of the advance based upon the Company’s forecast of anticipated revenue from the sale of future and existing albums or songs. In determining whether the advance is recoverable, the Company evaluates the current and past popularity of the recording artist or songwriter, the sales history of the recording artist or songwriter, the initial or expected commercial acceptability of the product, the current and past popularity of the genre of music that the product is designed to appeal to, and other relevant factors. Based upon this information, the Company expenses the portion of any advance that it believes is not recoverable. In most cases, advances to recording artists or songwriters without a history of success and evidence of current or past popularity will be expensed immediately. Significant advances are individually assessed for recoverability continuously and at minimum on a quarterly basis. As part of the ongoing assessment of recoverability, the Company monitors the projection of future sales based on the current environment, the recording artist’s or songwriter’s ability to meet their contractual obligations as well as the Company’s intent to support future album releases or songs from the recording artist or songwriter. To the extent that a portion of an outstanding advance is no longer deemed recoverable, that amount will be expensed in the period the determination is made.
Advertising	Advertising As required by the FASB ASC Subtopic 720-35, Advertising Costs (“ASC 720-35”), advertising costs, including costs to produce music videos used for promotional purposes, are expensed as incurred. Advertising expense amounted to approximately $91 million, $88 million, and $83 million for the fiscal years ended September 30, 2016, 2015 and 2014, respectively. Deferred advertising costs, which principally relate to advertisements that have been paid for but not been exhibited or services that have not been received, were not material for all periods presented.
Shipping and Handling	Shipping and Handling The costs associated with shipping goods to customers are recorded as cost of revenues. Shipping and handling charges billed to customers are included in revenues.
Share-Based Compensation	Share-Based Compensation The Company accounts for share-based payments as required by FASB ASC Topic 718, Compensation-Stock Compensation (“ASC 718”). ASC 718 requires all share-based payments to employees, including grants of employee stock options, to be recognized as compensation expense. Under the fair value recognition provision of ASC 718, equity classified share-based compensation cost is measured at the grant date based on the fair value of the award and is recognized as expense over the vesting period. Under the recognition provision of ASC 718, liability classified share-based compensation costs are measured each reporting date until settlement. The Company’s policy is to measure share-based compensation costs using the intrinsic value method instead of fair value as it is not practical to estimate the volatility of its share price. During fiscal year 2013, the Company initiated a long term incentive plan that has liability classification for share-based compensation awards. The plan was in place during fiscal years 2014, 2015 and 2016.
Income Taxes	Income Taxes Income taxes are provided using the asset and liability method presented by FASB ASC Topic 740, Income Taxes (“ASC 740”). Under this method, income taxes (i.e., deferred tax assets, deferred tax liabilities, taxes currently payable/refunds receivable and tax expense) are recorded based on amounts refundable or payable in the current fiscal year and include the results of any differences between U.S. GAAP and tax reporting. Deferred income taxes reflect the tax effect of net operating loss, capital loss and general business credit carry forwards and the net tax effects of temporary differences between the carrying amount of assets and liabilities for financial statements and income tax purposes, as determined under enacted tax laws and rates. Valuation allowances are established when management determines that it is more likely than not that some portion or the entire deferred tax asset will not be realized. The financial effect of changes in tax laws or rates is accounted for in the period of enactment. From time to time, the Company engages in transactions in which the tax consequences may be subject to uncertainty. Significant judgment is required in assessing and estimating the tax consequences of these transactions. The Company prepares and files tax returns based on its interpretation of tax laws and regulations. In the normal course of business, the Company’s tax returns are subject to examination by various taxing authorities. Such examinations may result in future tax and interest assessments by these taxing authorities. In determining the Company’s tax provision for financial reporting purposes, the Company establishes a reserve for uncertain tax positions unless such positions are determined to be more likely than not of being sustained upon examination based on their technical merits. There is considerable judgment involved in determining whether positions taken on the Company’s tax returns are more likely than not of being sustained.
New Accounting Pronouncements	New Accounting Pronouncements During the first quarter of fiscal 2016, the Company adopted ASU 2015-17, Balance Sheet Classification of Deferred Taxes (“ASU 2015-17”). ASU 2015-17 requires that deferred tax liabilities and assets be classified as noncurrent in a classified statement of financial position. The Company has elected to adopt this standard retrospectively, and thus the reclassification of prior period balances has been made. The application of ASU 2015-17 to the Company’s September 30, 2015 Consolidated Balance Sheets resulted in a decrease to current deferred tax assets of $52 million, an increase to non-current deferred tax assets of $2 million, and a decrease to non-current deferred tax liabilities of $50 million. In May 2014, the FASB issued guidance codified in ASC 606, Revenue Recognition – Revenue from Contracts with Customers (“ASC 606”), which replaces the guidance in former ASC 605, Revenue Recognition and ASC 928, Entertainment – Music. The amendment was the result of a joint effort by the FASB and the International Accounting Standards Board to improve financial reporting by creating common revenue recognition guidance for U.S. GAAP and international financial reporting standards ("IFRS"). The joint project clarifies the principles for recognizing revenue and develops a common revenue standard for U.S. GAAP and IFRS. ASC 606 is effective for annual periods beginning after December 15, 2017, and interim periods within those years. Early adoption is permitted only as of annual reporting periods beginning after December 15, 2016, including interim reporting periods within that reporting period. The update may be applied using one of two methods: retrospective application to each prior reporting period presented, or retrospective application with the cumulative effect of initially applying the update recognized at the date of initial application. The Company is currently evaluating the transition method that will be elected and the impact of the update on its financial statements and disclosures. In August 2014, the FASB issued ASU 2014-15, Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern (“ASU 2014-15”). This ASU will explicitly require management to assess an entity’s ability to continue as a going concern, and to provide related disclosure when substantial doubt exists. ASU 2014-15 will be effective in the first annual period ending after December 15, 2016, and interim periods thereafter. Earlier adoption is permitted. The Company does not expect the adoption of this guidance to have a material effect on our consolidated financial statements. In April 2015, the FASB issued ASU 2015-03, Simplifying the Presentation of Debt Issuance Costs (“ASU 2015-03”). This ASU will require that debt issuance costs are presented as a direct deduction to the related debt in the liability section of the balance sheet, rather than presented as an asset. ASU 2015-03 will be effective for annual periods beginning after December 15, 2015, and interim periods within those years. Earlier adoption is permitted. The adoption of this standard is not expected to have a significant impact on the Company’s financial statements, other than presentation. In January 2016, the FASB issued ASU 2016-01, Recognition and Measurement of Financial Assets and Financial Liabilities (“ASU 2016-01”). This ASU will require that equity investments are measured at fair value with changes in fair value recognized in net income. The Company may elect to measure equity investments that do not have a readily determinable fair value at cost minus impairment, if any, plus or minus changes resulting from observable price. ASU 2016-01 will be effective for annual periods beginning after December 15, 2017, and interim periods within those years. Earlier adoption is permitted. The adoption of this standard is not expected to have a significant impact on the Company’s financial statements, other than disclosure. In February 2016, the FASB issued ASU 2016-02, Leases (“ASU 2016-02”). This ASU establishes a right-of-use (“ROU”) model that requires a lessee to record a ROU asset and a lease liability on the balance sheet for all leases with terms longer than 12 months. Leases will be classified as either finance or operating, with classification affecting the pattern of expense recognition in the statement of operations. ASU 2016-02 will be effective for annual periods beginning after December 15, 2018, and interim periods within those years. Earlier adoption is permitted. The Company is evaluating the impact of the adoption of this standard on its financial statements and disclosures. In March 2016, the FASB issued ASU 2016-05, Derivatives and Hedging: Effect of Derivative Contract Novations on Existing Hedge Accounting Relationships (“ASU 2016-05”) and ASU 2016-06, Derivatives and Hedging: Contingent Put and Call Options in Debt Instruments (“ASU 2016-06”). ASU 2016-05 clarifies that a change in the counterparty to a derivative instrument that has been designated as a hedging instrument does not, in and of itself, require dedesignation of that hedging relationship provided that all other hedge accounting criteria continue to be met. ASU 2016-06 clarifies the steps required to determine bifurcation of an embedded derivative. ASU 2016- 05 and ASU 2016-06 are effective for annual periods beginning after December 15, 2016, and interim periods within those years. Early adoption is permitted. The guidance may be adopted prospectively or by a modified retrospective approach. The adoption of this standard is not expected to have a significant impact on the Company’s financial statements. In March 2016, the FASB issued ASU 2016-09, Compensation - Stock Compensation ("ASU 2016-09"). This ASU provides amended guidance which simplifies the accounting for share-based payment transactions involving multiple aspects of the accounting for share-based transactions, including income tax consequences, classification of awards as either equity or liabilities, and classification on the statement of cash flows. ASU 2016-09 is effective for annual periods beginning after December 15, 2016, and interim periods within those years. Early adoption is permitted. The Company is evaluating the impact of the adoption of this standard on its financial statements and disclosures. In August 2016, the FASB issued ASU 2016-15, Statement of Cash Flows: Classification of Certain Cash Receipts and Cash Payments ("ASU 2016-15"). This ASU provides specific guidance of how certain cash receipts and cash payments should be presented and classified in the statement of cash flows. ASU 2016-15 is effective for annual periods beginning after December 15, 2017, and interim periods within those years. Early adoption is permitted. The adoption of this standard is not expected to have a significant impact on the Company’s financial statements, other than presentation. In October 2016, the FASB issued ASU 2016-16, Income Taxes: Intra-Entity Transfers of Assets Other Than Inventory ("ASU 2016-16"). This ASU requires the recognition of current and deferred income taxes for intra-entity asset transfers when the transaction occurs. ASU 2016-16 is effective for annual periods beginning after December 15, 2017, and interim periods within those years. Early adoption is permitted. The adoption of this standard is not expected to have a significant impact on the Company’s financial statements, other than the presentation of gross deferred tax assets and valuation allowance in Note 7 to the accompanying Consolidated Financial Statements.

Comprehensive Income (Loss) (Ta

Comprehensive Income (Loss) (Tables)	12 Months Ended
	Sep. 30, 2016
Equity [Abstract]
Schedule of Accumulated Other Comprehensive Loss	Comprehensive income (loss), which is reported in the accompanying consolidated statements of equity, consists of net income (loss) and other gains and losses affecting equity that, under U.S. GAAP, are excluded from net income (loss). For the Company, the components of other comprehensive loss primarily consist of foreign currency translation losses, minimum pension liabilities, and deferred gains and losses on financial instruments designated as hedges under ASC 815, which include foreign exchange contracts. The following summary sets forth the changes in the components of accumulated other comprehensive loss, net of related taxes: Foreign Minimum Accumulated Currency Pension Other Translation Liability Comprehensive Loss Adjustment Loss, net (in millions) Balance at September 30, 2013 $ (57 ) $ (4 ) $ (61 ) Other comprehensive loss (a) (41 ) (6 ) (47 ) Amounts reclassified from accumulated other comprehensive income — — — Balance at September 30, 2014 $ (98 ) $ (10 ) $ (108 ) Other comprehensive loss (a) (59 ) — (59 ) Amounts reclassified from accumulated other comprehensive income — — — Balance at September 30, 2015 $ (157 ) $ (10 ) $ (167 ) Other comprehensive loss (a) (44 ) (6 ) (50 ) Amounts reclassified from accumulated other comprehensive income — (1 ) (1 ) Balance at September 30, 2016 $ (201 ) $ (17 ) $ (218 ) (a) Foreign currency translation adjustments include intra-entity foreign currency transactions that are of a long-term investment nature of $(108) million, $(63) million and $(13) million

Property, Plant and Equipment (

Property, Plant and Equipment (Tables)	12 Months Ended
	Sep. 30, 2016
Property Plant And Equipment [Abstract]
Schedule of Property, Plant and Equipment	Property, plant and equipment consist of the following: September 30, September 30, 2016 2015 (in millions) Land $ 11 $ 15 Buildings and improvements 90 98 Furniture and fixtures 10 10 Computer hardware and software 232 203 Construction in progress 15 20 Machinery and equipment 11 11 Gross Property, Plant and Equipment $ 369 $ 357 Less accumulated depreciation (166 ) (137 ) Net Property, Plant and Equipment $ 203 $ 220

Goodwill and Intangible Assets

Goodwill and Intangible Assets (Tables)	12 Months Ended
	Sep. 30, 2016
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, 2014 $ 1,197 $ 464 $ 1,661 Acquisitions 3 — 3 Dispositions — — — Other adjustments (32 ) — (32 ) 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
Schedule of Intangible Assets	Intangible assets consist of the following: Weighted Average September 30, September 30, Useful Life 2016 2015 (in millions) Intangible assets subject to amortization: Recorded music catalog 10 years $ 923 $ 992 Music publishing copyrights 27 years 1,504 1,497 Artist and songwriter contracts 13 years 883 926 Trademarks 7 years 7 7 Other intangible assets 8 years 5 — Total gross intangible asset subject to amortization 3,322 3,422 Accumulated amortization (1,121 ) (908 ) Total net intangible assets subject to amortization 2,201 2,514 Intangible assets not subject to amortization: Trademarks and tradenames Indefinite 116 119 Total net other intangible assets $ 2,317 $ 2,633
Expected Amortization of Intangible Assets	Based on the amount of intangible assets subject to amortization at September 30, 2016, the expected amortization for each of the next five fiscal years and thereafter are as follows: Fiscal Years September 30, (in millions) 2017 $ 205 2018 205 2019 190 2020 175 2021 175 Thereafter 1,251 $ 2,201

Debt (Tables)

Debt (Tables)	12 Months Ended
	Sep. 30, 2016
Debt Disclosure [Abstract]
Long-term Debt	Long-term debt, including the current portion, consists of the following: September 30, September 30, 2016 2015 (in millions) Revolving Credit Facility—Acquisition Corp. (a) $ — $ — Senior Term Loan Facility due 2020—Acquisition Corp. (b) 975 1,282 5.625% Senior Secured Notes due 2022—Acquisition Corp. 275 275 6.00% Senior Secured Notes due 2021—Acquisition Corp. 450 450 6.25% Senior Secured Notes due 2021—Acquisition Corp. (c) 177 177 5.00% Senior Secured Notes due 2023—Acquisition Corp. 300 — 6.75% Senior Notes due 2022—Acquisition Corp. 635 660 13.75% Senior Notes due 2019—Holdings — 150 Total debt 2,812 2,994 Less: current portion — 13 Total long-term debt (d) $ 2,812 $ 2,981 (a) Reflects $150 million of commitments under the Revolving Credit Facility, less letters of credit outstanding of approximately $5 million and $5 million at September 30, 2016 and September 30, 2015, respectively. There were no loans outstanding under the Revolving Credit Facility at September 30, 2016 or September 30, 2015. (b) Principal amount of $978 million and $1.287 billion less unamortized discount of $3 million and $5 million at September 30, 2016 and September 30, 2015, respectively. Of this amount, $13 million, representing the scheduled amortization of the Term Loan, was included in the current portion of long term debt at September 30, 2015. The maturity date was extended to November 1, 2023, subject, in certain circumstances, to a springing maturity inside the maturity of certain of Acquisition Corp.’s other indebtedness. (c) Face amount of €158 million. Above amounts represent the dollar equivalent of such notes at September 30, 2016 and September 30, 2015. (d)

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Sep. 30, 2016
Income Tax Disclosure [Abstract]
Schedule of Domestic and Foreign Pretax (Loss) Income from Continuing Operations	The domestic and foreign pretax (loss) income from continuing operations is as follows: Fiscal Year Ended Fiscal Year Ended Fiscal Year Ended September 30, September 30, September 30, 2016 2015 2014 (in millions) Domestic $ 35 $ (18 ) $ (153 ) Foreign 6 (57 ) (176 ) Total $ 41 $ (75 ) $ (329 )
Current and Deferred Income Taxes	Current and deferred income taxes (tax benefits) provided are as follows: Fiscal Year Ended Fiscal Year Ended Fiscal Year Ended September 30, September 30, September 30, 2016 2015 2014 (in millions) Federal: Current $ — $ — $ — Deferred 3 4 (7 ) Foreign: Current (a) 39 40 35 Deferred (30 ) (33 ) (55 ) U.S. State: Current 3 3 (6 ) Deferred (4 ) (1 ) 7 Total $ 11 $ 13 $ (26 ) (a) Includes withholding taxes of $17 million, $13 million and $11 million for the fiscal year ended September 30, 2016, for the fiscal year ended September 30, 2015, and for the fiscal year ended September 30, 2014, respectively.
Differences between U.S. Federal Statutory Income Tax Rate of 35% and Income Taxes Provided	The differences between the U.S. federal statutory income tax rate of 35% and income taxes provided are as follows: Fiscal Year Ended Fiscal Year Ended Fiscal Year Ended September 30, September 30, September 30, 2016 2015 2014 (in millions) Taxes on income at the U.S. federal statutory rate $ 14 $ (26 ) $ (115 ) U.S. state and local taxes (1 ) 2 1 Foreign income taxed at different rates, including withholding taxes 12 11 (15 ) Increase in valuation allowance 19 34 101 Release of valuation allowance (26 ) (5 ) (3 ) Change in tax rates (10 ) (2 ) 1 Other 3 (1 ) 4 Total income tax (benefit) expense $ 11 $ 13 $ (26 )
Significant Components of Company's Net Deferred Tax Assets/(Liabilities)	Significant components of the Company’s net deferred tax assets (liabilities) are summarized below: September 30, September 30, 2016 2015 (in millions) Deferred tax assets: Allowances and reserves $ 34 $ 40 Employee benefits and compensation 47 47 Other accruals 82 76 Tax attribute carry forwards 475 552 Other 3 2 Total deferred tax assets 641 717 Valuation allowance (310 ) (344 ) Net deferred tax assets 331 373 Deferred tax liabilities: Depreciation, amortization and artist advances (26 ) (23 ) Intangible assets (572 ) (650 ) Total deferred tax liabilities (598 ) (673 ) Net deferred tax liabilities $ (267 ) $ (300 )
Reconciliation of Unrecognized Tax Benefits Including Interest and Penalties	A reconciliation of the beginning and ending amount of unrecognized tax benefits, including interest and penalties, are as follows (in millions): Balance at September 30, 2013 $ 30 Additions for current year tax positions 10 Additions for prior year tax positions 1 Subtractions for prior year tax positions (14 ) Balance at September 30, 2014 $ 27 Additions for current year tax positions 8 Additions for prior year tax positions 9 Subtractions for prior year tax positions (9 ) Balance at September 30, 2015 $ 35 Additions for current year tax positions 7 Additions for prior year tax positions 1 Subtractions for prior year tax positions (13 ) Balance at September 30, 2016 $ 30

Restructuring (Tables)

Restructuring (Tables)	12 Months Ended
	Sep. 30, 2016
Restructuring Cost And Reserve [Line Items]
Summary of Charges in Consolidated Statement of Operations	Total restructuring activity is as follows: Employee- Real related Costs Estate Costs Other Total (in millions) Balance at September 30, 2014 $ 12 $ 1 $ — $ 13 Restructuring expense — 2 — 2 Cash payments (10 ) (3 ) — (13 ) Balance at September 30, 2015 $ 2 $ — $ — $ 2 Restructuring expense — — — — Cash payments (2 ) — — (2 ) Balance at September 30, 2016 $ — $ — $ — $ —
Selling, General and Administrative Expenses
Restructuring Cost And Reserve [Line Items]
Summary of Charges in Consolidated Statement of Operations	A summary of the charges in the consolidated statements of operations resulting from the Restructuring Plan is shown below: Fiscal Fiscal Year Ended Fiscal Year Ended September 30, September 30, September 30, 2016 2015 2014 (in millions) Selling, general and administrative expenses $ — $ 2 $ 50 Total restructuring expense $ — $ 2 $ 50

Share-Based Compensation Plans

Share-Based Compensation Plans (Tables)	12 Months Ended
	Sep. 30, 2016
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Summary of Company's Share Awards	The following is a summary of the Company’s share awards: Matching Deferred Equity Matching Equity Deferred Equity Units Units Weighted- Units Weighted- Equity Units Weighted- Average Average Weighted- Average Grant-Date Grant-Date Deferred Matching Average Intrinsic Intrinsic Intrinsic Equity Units Equity Units Fair Value Value Value Value Unvested units at September 30, 2014 19 24 $ 132.92 $ 25.79 $ 107.13 $ — Granted 3 3 132.92 — 107.13 — Vested (2 ) — 132.92 25.79 107.13 — Forfeited (2 ) (2 ) 132.92 25.79 107.13 — Unvested units at September 30, 2015 18 25 $ 135.00 $ 27.87 $ 107.13 $ — Granted 9 9 135.00 — 107.13 — Vested (7 ) (5 ) 135.00 27.87 107.13 — Forfeited (1 ) (1 ) 135.00 27.87 107.13 — Unvested units at September 30, 2016 19 28 $ 142.21 $ 35.08 $ 107.13 $ —

Commitments and Contingencies (

Commitments and Contingencies (Tables)	12 Months Ended
	Sep. 30, 2016
Commitments And Contingencies Disclosure [Abstract]
Future Minimum Payments Under Non-Cancelable Operating Leases (Net of Sublease Income)	At September 30, 2016, future minimum payments under non-cancelable operating leases (net of sublease income) are as follows: Operating Years Leases (in millions) 2017 $ 51 2018 44 2019 42 2020 35 2021 32 Thereafter 200 Total $ 404

Segment Information (Tables)

Segment Information (Tables)	12 Months Ended
	Sep. 30, 2016
Segment Reporting [Abstract]
Schedule of Segment Information	The accounting policies of the Company’s business segments are the same as those described in the summary of significant accounting policies included elsewhere herein. The Company accounts for intersegment sales at fair value as if the sales were to third parties. While intercompany transactions are treated like third-party transactions to determine segment performance, the revenues (and corresponding expenses recognized by the segment that is counterparty to the transaction) are eliminated in consolidation, and therefore, do not themselves impact consolidated results. Corporate Recorded Music expenses and Music Publishing eliminations Total (in millions) 2016 Revenues $ 2,736 $ 524 $ (14 ) $ 3,246 OIBDA 459 138 (90 ) 507 Depreciation of property, plant and equipment (32 ) (7 ) (11 ) (50 ) Amortization of intangible assets (180 ) (63 ) — (243 ) Operating income (loss) 247 68 (101 ) 214 Total assets 2,584 2,365 420 5,369 Capital expenditures 18 7 17 42 2015 Revenues $ 2,501 $ 482 $ (17 ) $ 2,966 OIBDA 379 146 (89 ) 436 Depreciation of property, plant and equipment (36 ) (6 ) (12 ) (54 ) Amortization of intangible assets (192 ) (63 ) — (255 ) Operating income (loss) 151 77 (101 ) 127 Total assets 2,869 2,408 344 5,621 Capital expenditures 19 7 37 63 2014 Revenues $ 2,526 $ 517 $ (16 ) $ 3,027 OIBDA 267 166 (93 ) 340 Depreciation of property, plant and equipment (35 ) (7 ) (13 ) (55 ) Amortization of intangible assets (201 ) (65 ) — (266 ) Operating income (loss) 31 94 (106 ) 19 Capital expenditures 27 8 41 76
Long-Lived Assets and Revenue by Geographical Areas	Revenues relating to operations in different geographical areas are set forth below for the fiscal years ended September 30, 2016, 2015 and 2014. Total assets relating to operations in different geographical areas are set forth below as of September 30, 2016 and September 30, 2015. 2016 2015 2014 Long-lived Long-lived Revenue Assets Revenue Assets Revenue (in millions) United States $ 1,360 $ 138 $ 1,171 $ 149 $ 1,141 United Kingdom 491 23 477 30 467 All other territories 1,395 42 1,318 41 1,419 Total $ 3,246 $ 203 $ 2,966 $ 220 $ 3,027

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	12 Months Ended
	Sep. 30, 2016
Fair Value Disclosures [Abstract]
Schedule of Fair Value of Financial Instruments	In accordance with the fair value hierarchy, described above, the following table shows the fair value of the Company’s financial instruments that are required to be measured at fair value as of September 30, 2016 and September 30, 2015. Fair Value Measurements as of September 30, 2016 (Level 1) (Level 2) (Level 3) Total (in millions) Other Current Liabilities: Contractual Obligations (a) — — (4 ) (4 ) Other Non-Current Liabilities: Contractual Obligations (a) — — — — Total $ — $ — $ (4 ) $ (4 ) Fair Value Measurements as of September 30, 2015 (Level 1) (Level 2) (Level 3) Total (in millions) Other Current Liabilities: Contractual Obligations (a) — — (1 ) (1 ) Other Non-Current Liabilities: Contractual Obligations (a) — — — — Total $ — $ — $ (1 ) $ (1 ) (a) This represents purchase obligations and contingent consideration related to the Company’s various acquisitions. This is based on a probability weighted performance approach and it is adjusted to fair value on a recurring basis and any adjustments are included as a component of operating income in the statement of operations. These amounts were mainly calculated using unobservable inputs such as future earnings performance of the Company’s various acquisitions and the expected timing of the payment.
Reconciliation of Net Liabilities Classified as Level 3	The following table reconciles the beginning and ending balances of net assets and liabilities classified as Level 3: Total (in millions) Balance at September 30, 2015 $ (1 ) Additions (4 ) Reductions — Payments 1 Balance at September 30, 2016 $ (4 )

Quarterly Financial Informati41

Quarterly Financial Information (Tables)	12 Months Ended
	Sep. 30, 2016
Quarterly Financial Information Disclosure [Abstract]
Schedule of Quarterly Financial Information	The following table sets forth the quarterly information for Warner Music Group Corp. Three months ended September 30, June 30, March 31, December 31, 2016 2016 2016 2015 (in millions) Revenues $ 841 $ 811 $ 745 $ 849 Costs and expenses: Cost of revenue (436 ) (448 ) (374 ) (449 ) Selling, general and administrative expenses (a) (295 ) (255 ) (256 ) (276 ) Amortization expense (55 ) (63 ) (63 ) (62 ) Total costs and expenses (786 ) (766 ) (693 ) (787 ) Operating income 55 45 52 62 Loss on extinguishment of debt (14 ) — (4 ) — Interest expense, net (42 ) (43 ) (43 ) (45 ) Other (expense) income (7 ) (5 ) 22 8 (Loss) income before income taxes (8 ) (3 ) 27 25 Income tax benefit (expense) 5 (4 ) (15 ) 3 Net (loss) income (3 ) (7 ) 12 28 Less: income attributable to noncontrolling interest (1 ) (2 ) (1 ) (1 ) Net (loss) income attributable to Warner Music Group Corp. $ (4 ) $ (9 ) $ 11 $ 27 Quarterly operating results can be disproportionately affected by a particularly strong or weak quarter. Therefore, these quarterly operating results are not necessarily indicative of the results that may be expected for the full fiscal year. WARNER MUSIC GROUP CORP. 2015 QUARTERLY FINANCIAL INFORMATION (unaudited) The following table sets forth the quarterly information for Warner Music Group Corp. Three months ended September 30, June 30, March 31, December 31, 2015 2015 2015 2014 (in millions) Revenues $ 750 $ 710 $ 677 $ 829 Costs and expenses: Cost of revenue (375 ) (373 ) (318 ) (445 ) Selling, general and administrative expenses (a) (274 ) (251 ) (252 ) (296 ) Amortization expense (64 ) (63 ) (63 ) (65 ) Total costs and expenses (713 ) (687 ) (633 ) (806 ) Operating income 37 23 44 23 Interest expense, net (45 ) (45 ) (45 ) (46 ) Other income (expense) (9 ) (17 ) 14 (9 ) Loss (income) before income taxes (17 ) (39 ) 13 (32 ) Income tax (expense) benefit (6 ) (4 ) 6 (9 ) Net (loss) income (23 ) (43 ) 19 (41 ) Less: income attributable to noncontrolling interest — (1 ) (1 ) (1 ) Net (loss) income attributable to Warner Music Group Corp. $ (23 ) $ (44 ) $ 18 $ (42 ) Quarterly operating results can be disproportionately affected by a particularly strong or weak quarter. Therefore, these quarterly operating results are not necessarily indicative of the results that may be expected for the full fiscal year.

Guarantor and Non-Guarantor S42

Guarantor and Non-Guarantor Subsidiaries Financial Information (Tables)	12 Months Ended
	Sep. 30, 2016
Condensed Financial Information Of Parent Company Only Disclosure [Abstract]
Schedule of Consolidating Balance Sheet	Consolidating Balance Sheet September 30, 2016 WMG WMG WMG Warner Warner Acquisition Non- Acquisition Holdings Music Music Corp. Guarantor Guarantor Corp. Corp. Group Group Corp. (issuer) Subsidiaries Subsidiaries Eliminations Consolidated (issuer) Corp. Eliminations Consolidated (in millions) Assets: Current assets: Cash and equivalents $ — $ 180 $ 179 $ — $ 359 $ — $ — $ — $ 359 Accounts receivable, net — 177 152 — 329 — — — 329 Inventories — 16 25 — 41 — — — 41 Royalty advances expected to be recouped within one year — 79 49 — 128 — — — 128 Prepaid and other current assets 1 13 37 — 51 — — — 51 Total current assets 1 465 442 — 908 — — — 908 Due (to) from parent companies 750 (312 ) (438 ) — — — — — — Investments in and advances to (from) consolidated subsidiaries 2,260 1,458 — (3,718 ) — 195 195 (390 ) — Royalty advances expected to be recouped after one year — 120 76 — 196 — — — 196 Property, plant and equipment, net — 138 65 — 203 — — — 203 Goodwill — 1,372 255 — 1,627 — — — 1,627 Intangible assets subject to amortization, net — 1,165 1,036 — 2,201 — — — 2,201 Intangible assets not subject to amortization — 71 45 — 116 — — — 116 Other assets 37 62 19 — 118 — — — 118 Total assets $ 3,048 $ 4,539 $ 1,500 $ (3,718 ) $ 5,369 $ 195 $ 195 $ (390 ) $ 5,369 Liabilities and Deficit: Current liabilities: Accounts payable $ — $ 124 $ 80 $ — $ 204 $ — $ — $ — $ 204 Accrued royalties — 606 498 — 1,104 — — — 1,104 Accrued liabilities — 112 185 — 297 — — — 297 Accrued interest 38 — — — 38 — — — 38 Deferred revenue — 143 35 — 178 — — — 178 Current portion of long-term debt — — — — — — — — — Other current liabilities — 3 18 — 21 — — — 21 Total current liabilities 38 988 816 — 1,842 — — — 1,842 Long-term debt 2,812 — — — 2,812 — — — 2,812 Deferred tax liabilities, net — 109 160 — 269 — — — 269 Other noncurrent liabilities 3 126 107 — 236 — — — 236 Total liabilities 2,853 1,223 1,083 — 5,159 — — — 5,159 Total Warner Music Group Corp. equity (deficit) 195 3,314 404 (3,718 ) 195 195 195 (390 ) 195 Noncontrolling interest — 2 13 — 15 — — — 15 Total equity (deficit) 195 3,316 417 (3,718 ) 210 195 195 (390 ) 210 Total liabilities and equity (deficit) $ 3,048 $ 4,539 $ 1,500 $ (3,718 ) $ 5,369 $ 195 $ 195 $ (390 ) $ 5,369 Consolidating Balance Sheet September 30, 2015 WMG WMG WMG Warner Warner Acquisition Non- Acquisition Holdings Music Music Corp. Guarantor Guarantor Corp. Corp. Group Group Corp. (issuer) Subsidiaries Subsidiaries Eliminations Consolidated (issuer) Corp. Eliminations Consolidated (in millions) Assets: Current assets: Cash and equivalents $ — $ 73 $ 173 $ — $ 246 $ — $ — $ — $ 246 Accounts receivable, net — 170 179 — 349 — — — 349 Inventories — 15 27 — 42 — — — 42 Royalty advances expected to be recouped within one year — 80 50 — 130 — — — 130 Prepaid and other current assets 5 9 46 — 60 — — — 60 Total current assets 5 347 475 — 827 — — — 827 Due (to) from parent companies 863 (174 ) (689 ) — — — — — — Investments in and advances to (from) consolidated subsidiaries 2,365 1,187 — (3,552 ) — 376 221 (597 ) — Royalty advances expected to be recouped after one year — 120 75 — 195 — — — 195 Property, plant and equipment, net — 145 75 — 220 — — — 220 Goodwill — 1,379 253 — 1,632 — — — 1,632 Intangible assets subject to amortization, net — 1,271 1,243 — 2,514 — — — 2,514 Intangible assets not subject to amortization — 71 48 — 119 — — — 119 Other assets 39 53 17 — 109 5 — — 114 Total assets $ 3,272 $ 4,399 $ 1,497 $ (3,552 ) $ 5,616 $ 381 $ 221 $ (597 ) $ 5,621 Liabilities and Deficit: Current liabilities: Accounts payable $ — $ 79 $ 94 $ — $ 173 $ — $ — $ — $ 173 Accrued royalties — 513 574 — 1,087 — — — 1,087 Accrued liabilities 1 269 26 — 296 — — — 296 Accrued interest 48 — — — 48 10 — — 58 Deferred revenue — 140 66 — 206 — — — 206 Current portion of long-term debt 13 — — — 13 — — — 13 Other current liabilities — 7 18 (1 ) 24 — — — 24 Total current liabilities 62 1,008 778 (1 ) 1,847 10 — — 1,857 Long-term debt 2,831 — — — 2,831 150 — — 2,981 Deferred tax liabilities, net — 110 192 — 302 — — — 302 Other noncurrent liabilities 3 131 105 3 242 — — — 242 Total liabilities 2,896 1,249 1,075 2 5,222 160 — — 5,382 Total Warner Music Group Corp. equity (deficit) 376 3,149 405 (3,554 ) 376 221 221 (597 ) 221 Noncontrolling interest — 1 17 — 18 — — — 18 Total equity (deficit) 376 3,150 422 (3,554 ) 394 221 221 (597 ) 239 Total liabilities and equity (deficit) $ 3,272 $ 4,399 $ 1,497 $ (3,552 ) $ 5,616 $ 381 $ 221 $ (597 ) $ 5,621
Schedule of Consolidating Statement of Operations	Consolidating Statement of Operations For The Fiscal Year Ended September 30, 2016 WMG WMG WMG Warner Warner Acquisition Non- Acquisition Holdings Music Music Corp. Guarantor Guarantor Corp. Corp. Group Group Corp. (issuer) Subsidiaries Subsidiaries Eliminations Consolidated (issuer) Corp. Eliminations Consolidated (in millions) Revenues $ — $ 1,668 $ 1,887 $ (309 ) $ 3,246 $ — $ — $ — $ 3,246 Costs and expenses: Cost of revenue — (703 ) (1,192 ) 188 (1,707 ) — — — (1,707 ) Selling, general and administrative expenses — (739 ) (464 ) 121 (1,082 ) — — — (1,082 ) Amortization of intangible assets — (118 ) (125 ) — (243 ) — — — (243 ) Total costs and expenses — (1,560 ) (1,781 ) 309 (3,032 ) — — — (3,032 ) Operating income (loss) — 108 106 — 214 — — — 214 Loss on extinguishment of debt (4 ) — — — (4 ) (14 ) — — (18 ) Interest income (expense), net (84 ) 3 (79 ) 1 (159 ) (14 ) — — (173 ) Equity gains (losses) from consolidated subsidiaries 162 74 — (236 ) — 53 25 (78 ) — Other income (expense), net (10 ) 2 26 — 18 — — — 18 Income (loss) before income taxes 64 187 53 (235 ) 69 25 25 (78 ) 41 Income tax (expense) benefit (11 ) (20 ) 1 19 (11 ) — — — (11 ) Net income (loss) 53 167 54 (216 ) 58 25 25 (78 ) 30 Less: income attributable to noncontrolling interest — (1 ) (4 ) — (5 ) — — — (5 ) Net income (loss) attributable to Warner Music Group Corp. $ 53 $ 166 $ 50 $ (216 ) $ 53 $ 25 $ 25 $ (78 ) $ 25 Consolidating Statement of Operations For The Fiscal Year Ended September 30, 2015 WMG WMG WMG Warner Warner Acquisition Non- Acquisition Holdings Music Music Corp. Guarantor Guarantor Corp. Corp. Group Group Corp. (issuer) Subsidiaries Subsidiaries Eliminations Consolidated (issuer) Corp. Eliminations Consolidated (in millions) Revenues $ — $ 1,632 $ 1,588 $ (254 ) $ 2,966 $ — $ — $ — $ 2,966 Costs and expenses: Cost of revenue — (788 ) (866 ) 143 (1,511 ) — — — (1,511 ) Selling, general and administrative expenses 1 (675 ) (509 ) 110 (1,073 ) — — — (1,073 ) Amortization of intangible assets — (122 ) (133 ) — (255 ) — — — (255 ) Total costs and expenses 1 (1,585 ) (1,508 ) 253 (2,839 ) — — — (2,839 ) Operating (loss) income 1 47 80 (1 ) 127 — — — 127 Loss on extinguishment of debt — — — — — — — — — Interest income (expense), net (82 ) 6 (83 ) — (159 ) (22 ) — — (181 ) Equity gains (losses) from consolidated subsidiaries 35 (67 ) — 32 — (69 ) (91 ) 160 — Other income (expense), net (10 ) 1 (12 ) — (21 ) — — — (21 ) Income (loss) before income taxes (56 ) (13 ) (15 ) 31 (53 ) (91 ) (91 ) 160 (75 ) Income tax benefit (expense) (13 ) (29 ) — 29 (13 ) — — — (13 ) Net income (loss) (69 ) (42 ) (15 ) 60 (66 ) (91 ) (91 ) 160 (88 ) Less: income attributable to noncontrolling interest — (1 ) (2 ) — (3 ) — — — (3 ) Net income (loss) attributable to Warner Music Group Corp. $ (69 ) $ (43 ) $ (17 ) $ 60 $ (69 ) $ (91 ) $ (91 ) $ 160 $ (91 ) Consolidating Statement of Operations For The Fiscal Year Ended September 30, 2014 WMG WMG WMG Warner Warner Acquisition Non- Acquisition Holdings Music Music Corp. Guarantor Guarantor Corp. Corp. Group Group Corp. (issuer) Subsidiaries Subsidiaries Eliminations Consolidated (issuer) Corp. Eliminations Consolidated (in millions) Revenues $ — $ 1,498 $ 1,804 $ (275 ) $ 3,027 $ — $ — $ — $ 3,027 Costs and expenses: Cost of revenue — (639 ) (1,089 ) 158 (1,570 ) — — — (1,570 ) Selling, general and administrative expenses (1 ) (633 ) (655 ) 117 (1,172 ) — — — (1,172 ) Amortization of intangible assets — (120 ) (146 ) — (266 ) — — — (266 ) Total costs and expenses (1 ) (1,392 ) (1,890 ) 275 (3,008 ) — — — (3,008 ) Operating income (loss) (1 ) 106 (86 ) — 19 — — — 19 Loss on extinguishment of debt (141 ) — — — (141 ) — — — (141 ) Interest income (expense), net (102 ) 9 (88 ) — (181 ) (22 ) — — (203 ) Equity gains (losses) from consolidated subsidiaries (80 ) 113 — (33 ) — (286 ) (308 ) 594 — Other income (expense), net 12 (18 ) 2 — (4 ) — — — (4 ) Income (loss) before income taxes (312 ) 210 (172 ) (33 ) (307 ) (308 ) (308 ) 594 (329 ) Income tax benefit (expense) 26 (9 ) 26 (17 ) 26 — — — 26 Net income (loss) (286 ) 201 (146 ) (50 ) (281 ) (308 ) (308 ) 594 (303 ) Less: income attributable to noncontrolling interest — (1 ) (4 ) — (5 ) — — — (5 ) Net income (loss) attributable to Warner Music Group Corp. $ (286 ) $ 200 $ (150 ) $ (50 ) $ (286 ) $ (308 ) $ (308 ) $ 594 $ (308 )
Schedule of Consolidating Statement of Comprehensive Income	Consolidating Statement of Comprehensive Income For The Fiscal Year Ended September 30, 2016 WMG WMG WMG Warner Warner Acquisition Non- Acquisition Holdings Music Music Corp. Guarantor Guarantor Corp. Corp. Group Group Corp. (issuer) Subsidiaries Subsidiaries Eliminations Consolidated (issuer) Corp. Eliminations Consolidated (in millions) Net income (loss) $ 53 $ 167 $ 54 $ (216 ) $ 58 $ 25 $ 25 $ (78 ) $ 30 Other comprehensive income (loss), net of tax: Foreign currency adjustment (44 ) — (44 ) 44 (44 ) (44 ) (44 ) 88 (44 ) Minimum pension liability (7 ) — (7 ) 7 (7 ) (7 ) (7 ) 14 (7 ) Deferred (loss) gain on derivative financial instruments — (1 ) — 1 — — — — — Other comprehensive (loss) income , net of tax: (51 ) (1 ) (51 ) 52 (51 ) (51 ) (51 ) 102 (51 ) Total comprehensive (loss) income 2 166 3 (164 ) 7 (26 ) (26 ) 24 (21 ) Less: income attributable to noncontrolling interest — (1 ) (4 ) — (5 ) — — — (5 ) Comprehensive (loss) income attributable to Warner Music Group Corp. $ 2 $ 165 $ (1 ) $ (164 ) $ 2 $ (26 ) $ (26 ) $ 24 $ (26 ) Consolidating Statement of Comprehensive Income For The Fiscal Year Ended September 30, 2015 WMG WMG WMG Warner Warner Acquisition Non- Acquisition Holdings Music Music Corp. Guarantor Guarantor Corp. Corp. Group Group Corp. (issuer) Subsidiaries Subsidiaries Eliminations Consolidated (issuer) Corp. Eliminations Consolidated (in millions) Net (loss) income $ (69 ) $ (42 ) $ (15 ) $ 60 $ (66 ) $ (91 ) $ (91 ) $ 160 $ (88 ) Other comprehensive income (loss), net of tax: Foreign currency adjustment (59 ) — (59 ) 59 (59 ) (59 ) (59 ) 118 (59 ) Minimum pension liability — — — — — — — — — Other comprehensive income (loss), net of tax: (59 ) — (59 ) 59 (59 ) (59 ) (59 ) 118 (59 ) Total comprehensive (loss) income (128 ) (42 ) (74 ) 119 (125 ) (150 ) (150 ) 278 (147 ) Less: income attributable to noncontrolling interest — (1 ) (2 ) — (3 ) — — — (3 ) Comprehensive (loss) income attributable to Warner Music Group Corp. $ (128 ) $ (43 ) $ (76 ) $ 119 $ (128 ) $ (150 ) $ (150 ) $ 278 $ (150 ) Consolidating Statement of Comprehensive Income For The Fiscal Year Ended September 30, 2014 WMG WMG WMG Warner Warner Acquisition Non- Acquisition Holdings Music Music Corp. Guarantor Guarantor Corp. Corp. Group Group Corp. (issuer) Subsidiaries Subsidiaries Eliminations Consolidated (issuer) Corp. Eliminations Consolidated (in millions) Net (loss) income $ (286 ) $ 201 $ (146 ) $ (50 ) $ (281 ) $ (308 ) $ (308 ) $ 594 $ (303 ) Other comprehensive income (loss), net of tax: Foreign currency adjustment (41 ) — (41 ) 41 (41 ) (41 ) (41 ) 82 (41 ) Minimum Pension Liability (6 ) — (6 ) 6 (6 ) (6 ) (6 ) 12 (6 ) Other comprehensive income (loss), net of tax: (47 ) — (47 ) 47 (47 ) (47 ) (47 ) 94 (47 ) Total comprehensive (loss) income (333 ) 201 (193 ) (3 ) (328 ) (355 ) (355 ) 688 (350 ) Less: income attributable to noncontrolling interest — (1 ) (4 ) — (5 ) — — — (5 ) Comprehensive (loss) income attributable to Warner Music Group Corp. $ (333 ) $ 200 $ (197 ) $ (3 ) $ (333 ) $ (355 ) $ (355 ) $ 688 $ (355 )
Schedule of Consolidating Statement of Cash Flows	Consolidating Statement of Cash Flows For The Fiscal Year Ended September 30, 2016 WMG WMG WMG Warner Warner Acquisition Non- Acquisition Holdings Music Music Corp. Guarantor Guarantor Corp. Corp. Group Group Corp. (issuer) Subsidiaries Subsidiaries Eliminations Consolidated (issuer) Corp. Eliminations Consolidated (in millions) Cash flows from operating activities Net income (loss) $ 53 $ 167 $ 54 $ (216 ) $ 58 $ 25 $ 25 $ (78 ) $ 30 Adjustments to reconcile net income (loss) to net cash provided by operating activities: Depreciation and amortization — 156 137 — 293 — — — 293 Unrealized gains/losses and remeasurement of foreign denominated loans — — — — — — — — — Deferred income taxes — — (26 ) — (26 ) — — — (26 ) Loss on extinguishment of debt 4 — — — 4 14 — — 18 Net gain on divestitures — (3 ) (6 ) — (9 ) — — — (9 ) Gain on sale of real estate — — (24 ) — (24 ) — — — (24 ) Non-cash interest expense 10 — — — 10 1 — — 11 Non-cash share-based compensation expense — 23 — — 23 — — — 23 Equity losses (gains), including distributions (162 ) (74 ) — 236 — (53 ) (25 ) 78 — Changes in operating assets and liabilities: Accounts receivable — (7 ) 24 — 17 — — — 17 Inventories — — — — — — — — — Royalty advances — 1 (14 ) — (13 ) — — — (13 ) Accounts payable and accrued liabilities — 142 (99 ) (20 ) 23 — — — 23 Royalty payables — 93 (44 ) — 49 — — — 49 Accrued interest (10 ) — — — (10 ) (10 ) — — (20 ) Deferred revenue — (4 ) (31 ) — (35 ) — — — (35 ) Other balance sheet changes (4 ) (10 ) 19 — 5 — — — 5 Net cash (used in) provided by operating activities (109 ) 484 (10 ) — 365 (23 ) — — 342 Cash flows from investing activities Acquisition of music publishing rights, net — (16 ) (9 ) — (25 ) — — — (25 ) Capital expenditures — (30 ) (12 ) — (42 ) — — — (42 ) Investments and acquisitions of businesses, net — (10 ) (18 ) — (28 ) — — — (28 ) Divestitures, net of cash on hand — 8 37 — 45 — — — 45 Proceeds from the sale of real estate — — 42 — 42 — — — 42 Advance to Issuer 329 — — (329 ) — — — — — Net cash (used in) provided by investing activities 329 (48 ) 40 (329 ) (8 ) — — — (8 ) Cash flows from financing activities Dividend by Acquisition Corp. to Holdings Corp. (183 ) — — — (183 ) 183 — — — Repayment of Acquisition Corp. Senior Term Loan Facility (309 ) — — — (309 ) — — — (309 ) Proceeds from issuance of Acquisition Corp. 5.00% Senior Secured Notes 300 — — — 300 — — — 300 Repayment of Holdings 13.75% Senior Notes — — — — — (150 ) — — (150 ) Repayment of Acquisition Corp. 6.75% Senior Notes (24 ) — — — (24 ) — — — (24 ) Financing costs paid — — — — — (10 ) — — (10 ) Deferred financing costs paid (4 ) — — — (4 ) — — — (4 ) Distribution to noncontrolling interest holder — — (5 ) — (5 ) — — — (5 ) Repayment of capital lease obligations — — (14 ) — (14 ) — — — (14 ) Change in due to (from) issuer — (329 ) — 329 — — — — — Net cash (used in) provided by financing activities (220 ) (329 ) (19 ) 329 (239 ) 23 — — (216 ) Effect of exchange rate changes on cash and equivalents — — (5 ) — (5 ) — — — (5 ) Net increase in cash and equivalents — 107 6 — 113 — — — 113 Cash and equivalents at beginning of period — 73 173 — 246 — — — 246 Cash and equivalents at end of period $ — $ 180 $ 179 $ — $ 359 $ — $ — $ — $ 359 Consolidating Statement of Cash Flows For The Fiscal Year Ended September 30, 2015 WMG WMG WMG Warner Warner Acquisition Non- Acquisition Holdings Music Music Corp. Guarantor Guarantor Corp. Corp. Group Group Corp. (issuer) Subsidiaries Subsidiaries Eliminations Consolidated (issuer) Corp. Eliminations Consolidated (in millions) Cash flows from operating activities Net (loss) income $ (69 ) $ (42 ) $ (15 ) $ 60 $ (66 ) $ (91 ) $ (91 ) $ 160 $ (88 ) Adjustments to reconcile net (loss) income to net cash provided by operating activities: Loss on extinguishment of debt — — — — — — — — — Depreciation and amortization (1 ) 162 148 — 309 — — — 309 Unrealized gains/losses and remeasurement of foreign denominated loans 21 55 (48 ) — 28 — — — 28 Deferred income taxes — — (11 ) — (11 ) — — — (11 ) Gain on sale of assets — — — — — — — — — Non-cash interest expense 10 — — — 10 1 — — 11 Non-cash share-based compensation expense — 3 — — 3 — — — 3 Equity losses (gains), including distributions (35 ) 67 — (32 ) — 69 91 (160 ) — Changes in operating assets and liabilities: Accounts receivable — 4 2 — 6 — — — 6 Inventories — (1 ) (5 ) — (6 ) — — — (6 ) Royalty advances — (23 ) (23 ) — (46 ) — — — (46 ) Accounts payable and accrued liabilities — 26 (15 ) (28 ) (17 ) — — — (17 ) Royalty payables — (19 ) 46 — 27 — — — 27 Accrued interest (2 ) — — — (2 ) — — — (2 ) Deferred revenue — (9 ) 21 — 12 — — — 12 Other balance sheet changes — 3 (7 ) — (4 ) — — — (4 ) Net cash provided by (used in) operating activities (76 ) 226 93 — 243 (21 ) — — 222 Cash flows from investing activities Acquisition of music publishing rights, net — (9 ) (7 ) — (16 ) — — — (16 ) Capital expenditures — (48 ) (15 ) — (63 ) — — — (63 ) Investments and acquisitions of businesses, net — (11 ) (5 ) — (16 ) — — — (16 ) Advances to issuer 110 — — (110 ) — — — — — Net cash provided by (used in) investing activities 110 (68 ) (27 ) (110 ) (95 ) — — — (95 ) Cash flows from financing activities Dividend by Acquisition Corp. to Holdings Corp. (21 ) — — — (21 ) 21 — — — Proceeds from the Revolving Credit Facility 258 — — — 258 — — — 258 Repayment of the Revolving Credit Facility (258 ) — — — (258 ) — — — (258 ) Repayment of Acquisition Corp. Senior Term Loan Facility (13 ) — — — (13 ) — — — (13 ) Proceeds from issuance of Acquisition Corp. 5.625% Senior Secured Notes — — — — — — — — — Proceeds from issuance of Acquisition Corp. 6.750% Senior Notes — — — — — — — — — Repayment of Acquisition Corp. 11.5% Senior Notes — — — — — — — — — Financing costs paid — — — — — — — — — Deferred financing costs paid — — — — — — — — — Distribution to noncontrolling interest holder — (1 ) (2 ) — (3 ) — — — (3 ) Repayment of capital lease obligations — — (3 ) — (3 ) — — — (3 ) Change in due to (from) issuer — (110 ) — 110 — — — — — Net cash provided by (used in) financing activities (34 ) (111 ) (5 ) 110 (40 ) 21 — — (19 ) Effect of exchange rate changes on cash and equivalents — — (19 ) — (19 ) — — — (19 ) Net increase (decrease) in cash and equivalents — 47 42 — 89 — — — 89 Cash and equivalents at beginning of period — 26 131 — 157 — — — 157 Cash and equivalents at end of period $ — $ 73 $ 173 $ — $ 246 $ — $ — $ — $ 246 Consolidating Statement of Cash Flows For The Fiscal Year Ended September 30, 2014 WMG WMG WMG Warner Warner Acquisition Non- Acquisition Holdings Music Music Corp. Guarantor Guarantor Corp. Corp. Group Group Corp. (issuer) Subsidiaries Subsidiaries Eliminations Consolidated (issuer) Corp. Eliminations Consolidated (in millions) Cash flows from operating activities Net (loss) income $ (286 ) $ 201 $ (146 ) $ (50 ) $ (281 ) $ (308 ) $ (308 ) $ 594 $ (303 ) Adjustments to reconcile net (loss) income to net cash provided by operating activities: Loss on extinguishment of debt 141 — — — 141 — — — 141 Depreciation and amortization — 160 161 — 321 — — — 321 Unrealized gains/losses and remeasurement of foreign denominated loans (12 ) (23 ) (4 ) — (39 ) (39 ) Deferred income taxes — — (55 ) — (55 ) — — — (55 ) Gain on sale of assets — (2 ) — — (2 ) — — — (2 ) Non-cash interest expense 12 — — — 12 1 — — 13 Non-cash share-based compensation expense — 8 — — 8 — — — 8 Equity losses (gains), including distributions 80 (113 ) — 33 — 286 308 (594 ) — Changes in operating assets and liabilities: Accounts receivable — 10 62 — 72 — — — 72 Inventories — (3 ) (4 ) — (7 ) — — — (7 ) Royalty advances — (9 ) (23 ) — (32 ) — — — (32 ) Accounts payable and accrued liabilities — (162 ) 75 — (87 ) — — — (87 ) Royalty payables — (38 ) 63 — 25 — — — 25 Accrued interest (15 ) — — — (15 ) — — — (15 ) Deferred revenue — 107 (12 ) — 95 — — — 95 Other balance sheet changes — 2 (22 ) 15 (5 ) — — — (5 ) Net cash provided by (used in) operating activities (80 ) 138 95 (2 ) 151 (21 ) — — 130 Cash flows from investing activities Acquisition of music publishing rights, net — (16 ) (10 ) — (26 ) — — — (26 ) Capital expenditures — (53 ) (23 ) — (76 ) — — — (76 ) Investments and acquisitions of businesses, net — 2 (55 ) — (53 ) — — — (53 ) Advances to issuer 58 — — (58 ) — — — — — Net cash provided by (used in) investing activities 58 (67 ) (88 ) (58 ) (155 ) — — — (155 ) Cash flows from financing activities Dividend by Acquisition Corp. to Holdings Corp. (21 ) — — — (21 ) 21 — — — Proceeds from the Revolving Credit Facility 600 — — — 600 — — — 600 Repayment of the Revolving Credit Facility (600 ) — — — (600 ) — — — (600 ) Repayment of Acquisition Corp. Senior Term Loan Facility (10 ) — — — (10 ) — — — (10 ) Proceeds from issuance of Acquisition Corp. 5.625% Senior Secured Notes 275 — — — 275 — — — 275 Proceeds from issuance of Acquisition Corp. 6.750% Senior Notes 660 — — — 660 — — — 660 Repayment of Acquisition Corp. 11.5% Senior Notes (765 ) — — — (765 ) — — — (765 ) Financing costs paid (104 ) — — — (104 ) — — — (104 ) Deferred financing costs paid (13 ) — — — (13 ) — — — (13 ) Distribution to noncontrolling interest holder — (1 ) (2 ) — (3 ) — — — (3 ) Repayment of capital lease obligations — — (3 ) — (3 ) — — — (3 ) Change in due to (from) issuer — (60 ) — 60 — — — — — Net cash provided by (used in) financing activities 22 (61 ) (5 ) 60 16 21 — — 37 Effect of exchange rate changes on cash and equivalents — — (10 ) — (10 ) — — — (10 ) Net increase (decrease) in cash and equivalents — 10 (8 ) — 2 — — — 2 Cash and equivalents at beginning of period — 16 139 — 155 — — — 155 Cash and equivalents at end of period $ — $ 26 $ 131 $ — $ 157 $ — $ — $ — $ 157 1

Description of Business - Addit

Description of Business - Additional Information (Detail)	12 Months Ended
	Sep. 30, 2016OperationsCountrysongwriters
Description Of Business [Line Items]
Number of fundamental operations | Operations	2
Number of countries in which Recorded Music activity conducted | Country	50
Number of songwriters and composers | songwriters	70,000
Parlophone Label Group
Description Of Business [Line Items]
Acquisition date	Jul. 1, 2013

Summary of Significant Accoun44

Summary of Significant Accounting Policies - Additional Information (Detail) $ in Millions	12 Months Ended
	Sep. 30, 2016USD ($)Customer	Sep. 30, 2015USD ($)	Sep. 30, 2014USD ($)
Accounting Policies [Line Items]
Number of significant gross accounts receivable Recorded Music customers | Customer	0
Advertising expense	$ 91	$ 88	$ 83
ASU 2015-17
Accounting Policies [Line Items]
Decrease in current deferred tax assets	52
Increase in non-current deferred tax assets	2
Decrease in non-current deferred tax liabilities	$ 50
Furniture and Fixtures | Minimum
Accounting Policies [Line Items]
Property plant and equipment useful life	5 years
Furniture and Fixtures | Maximum
Accounting Policies [Line Items]
Property plant and equipment useful life	7 years
Computer Equipment | Maximum
Accounting Policies [Line Items]
Property plant and equipment useful life	5 years
Machinery and Equipment | Maximum
Accounting Policies [Line Items]
Property plant and equipment useful life	5 years
Building | Maximum
Accounting Policies [Line Items]
Property plant and equipment useful life	40 years

Comprehensive Income (Loss) - S

Comprehensive Income (Loss) - Schedule of Accumulated Other Comprehensive Loss (Detail) - USD ($) $ in Millions		12 Months Ended
		Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2014
Accumulated Other Comprehensive Income Loss [Line Items]
Beginning balance		$ 239	$ 390	$ 743
Ending balance		210	239	390
Foreign Currency Translation Loss
Accumulated Other Comprehensive Income Loss [Line Items]
Beginning balance		(157)	(98)	(57)
Other comprehensive loss	[1]	(44)	(59)	(41)
Ending balance		(201)	(157)	(98)
Minimum Pension Liability Adjustment
Accumulated Other Comprehensive Income Loss [Line Items]
Beginning balance		(10)	(10)	(4)
Other comprehensive loss	[1]	(6)		(6)
Amounts reclassified from accumulated other comprehensive income		(1)
Ending balance		(17)	(10)	(10)
Accumulated Other Comprehensive Loss
Accumulated Other Comprehensive Income Loss [Line Items]
Beginning balance		(167)	(108)	(61)
Other comprehensive loss	[1]	(50)	(59)	(47)
Amounts reclassified from accumulated other comprehensive income		(1)
Ending balance		$ (218)	$ (167)	$ (108)
[1]	Foreign currency translation adjustments include intra-entity foreign currency transactions that are of a long-term investment nature of $(108) million, $(63) million and $(13) million during the fiscal year ended September 30, 2016, 2015 and 2014, respectively.

Comprehensive Income (Loss) -46

Comprehensive Income (Loss) - Schedule of Accumulated Other Comprehensive Loss (Parenthetical) (Detail) - USD ($) $ in Millions	12 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2014
Equity [Abstract]
Intra-entity foreign currency transaction adjustments	$ (108)	$ (63)	$ (13)

Property, Plant and Equipment -

Property, Plant and Equipment - Schedule of Property, Plant and Equipment (Detail) - USD ($) $ in Millions	Sep. 30, 2016	Sep. 30, 2015
Property, Plant and Equipment [Line Items]
Gross Property, Plant and Equipment	$ 369	$ 357
Less accumulated depreciation	(166)	(137)
Net Property, Plant and Equipment	203	220
Land
Property, Plant and Equipment [Line Items]
Gross Property, Plant and Equipment	11	15
Buildings and Improvements
Property, Plant and Equipment [Line Items]
Gross Property, Plant and Equipment	90	98
Furniture and Fixtures
Property, Plant and Equipment [Line Items]
Gross Property, Plant and Equipment	10	10
Computer Hardware and Software
Property, Plant and Equipment [Line Items]
Gross Property, Plant and Equipment	232	203
Construction in Progress
Property, Plant and Equipment [Line Items]
Gross Property, Plant and Equipment	15	20
Machinery and Equipment
Property, Plant and Equipment [Line Items]
Gross Property, Plant and Equipment	$ 11	$ 11

Property, Plant and Equipment48

Property, Plant and Equipment - Additional Information (Detail) $ in Millions	12 Months Ended
	Sep. 30, 2016USD ($)
Property Plant And Equipment [Abstract]
Gain on sale of real estate	$ 24

Goodwill and Intangible Asset49

Goodwill and Intangible Assets - Changes in Goodwill for Each Reportable Segment (Detail) - USD ($) $ in Millions	12 Months Ended
	Sep. 30, 2016	Sep. 30, 2015
Goodwill [Line Items]
Beginning balance	$ 1,632	$ 1,661
Acquisitions	13	3
Dispositions	(12)
Other adjustments	(6)	(32)
Ending balance	1,627	1,632
Recorded Music
Goodwill [Line Items]
Beginning balance	1,168	1,197
Acquisitions	13	3
Dispositions	(12)
Other adjustments	(6)	(32)
Ending balance	1,163	1,168
Music Publishing
Goodwill [Line Items]
Beginning balance	464	464
Ending balance	$ 464	$ 464

Goodwill and Intangible Asset50

Goodwill and Intangible Assets - Schedule of Intangible Assets (Detail) - USD ($) $ in Millions	12 Months Ended
	Sep. 30, 2016	Sep. 30, 2015
Finite Lived And Indefinite Lived Intangible Assets [Line Items]
Total gross intangible asset subject to amortization	$ 3,322	$ 3,422
Accumulated amortization	(1,121)	(908)
Total net intangible assets subject to amortization	2,201	2,514
Intangible assets not subject to amortization	116	119
Total net other intangible assets	2,317	2,633
Trademarks and tradenames
Finite Lived And Indefinite Lived Intangible Assets [Line Items]
Intangible assets not subject to amortization	$ 116	119
Recorded music catalog
Finite Lived And Indefinite Lived Intangible Assets [Line Items]
Intangible assets, Useful Life	10 years
Total gross intangible asset subject to amortization	$ 923	992
Music publishing copyrights
Finite Lived And Indefinite Lived Intangible Assets [Line Items]
Intangible assets, Useful Life	27 years
Total gross intangible asset subject to amortization	$ 1,504	1,497
Artist and songwriter contracts
Finite Lived And Indefinite Lived Intangible Assets [Line Items]
Intangible assets, Useful Life	13 years
Total gross intangible asset subject to amortization	$ 883	926
Trademarks
Finite Lived And Indefinite Lived Intangible Assets [Line Items]
Intangible assets, Useful Life	7 years
Total gross intangible asset subject to amortization	$ 7	$ 7
Other Intangible Assets
Finite Lived And Indefinite Lived Intangible Assets [Line Items]
Intangible assets, Useful Life	7 years
Total gross intangible asset subject to amortization	$ 5

Goodwill and Intangible Asset51

Goodwill and Intangible Assets - Expected Amortization of Intangible Assets (Detail) - USD ($) $ in Millions	Sep. 30, 2016	Sep. 30, 2015
Goodwill And Intangible Assets Disclosure [Abstract]
2,017	$ 205
2,018	205
2,019	190
2,020	175
2,021	175
Thereafter	1,251
Total net intangible assets subject to amortization	$ 2,201	$ 2,514

Debt - Long-term Debt (Detail)

Debt - Long-term Debt (Detail) - USD ($) $ in Millions		Sep. 30, 2016	Mar. 11, 2016	Feb. 16, 2016	Sep. 30, 2015
Debt Instrument [Line Items]
Total debt		$ 2,812			$ 2,994
Less: current portion					13
Total long-term debt	[1]	2,812			2,981
Acquisition Corp. | Senior Term Loan Facility due 2020
Debt Instrument [Line Items]
Total debt	[2]	975			1,282
Less: current portion					13
Acquisition Corp. | 5.625% Senior Secured Notes due 2022
Debt Instrument [Line Items]
Total debt		275			275
Acquisition Corp. | 6.00% Senior Secured Notes due 2021
Debt Instrument [Line Items]
Total debt		450			450
Acquisition Corp. | 6.25% Senior Secured Notes due 2021
Debt Instrument [Line Items]
Total debt	[3]	177			177
Acquisition Corp. | 5.00% Senior Secured Notes
Debt Instrument [Line Items]
Total debt		300
Acquisition Corp. | 6.75% Senior Notes due 2022
Debt Instrument [Line Items]
Total debt		$ 635	$ 660		660
Holdings Company | 13.75% Senior Notes due 2019
Debt Instrument [Line Items]
Total debt				$ 150	$ 150
[1]	Total long-term debt, including the current portion does not reflect the October 2016 tender offers for, and satisfaction and discharge of, the 6.000% Senior Secured Notes due 2021 and the 6.250% Senior Secured Notes due 2021, the October issuance of 4.125% Senior Secured Notes due 2024 and 4.875% Senior Secured Notes due 2024, the November 2016 Senior Term Loan Credit Agreement Amendment, or the November redemption of the 5.625% Senior Secured Notes due 2022. See “Recent Developments – Tender Offers and Satisfaction and Discharge” and “Liquidity – New Senior Secured Notes.”
[2]	Principal amount of $978 million and $1.287 billion less unamortized discount of $3 million and $5 million at September 30, 2016 and September 30, 2015, respectively. Of this amount, $13 million, representing the scheduled amortization of the Term Loan, was included in the current portion of long term debt at September 30, 2015. The maturity date was extended to November 1, 2023, subject, in certain circumstances, to a springing maturity inside the maturity of certain of Acquisition Corp.’s other indebtedness.
[3]	Face amount of €158 million. Above amounts represent the dollar equivalent of such notes at September 30, 2016 and September 30, 2015.

Debt - Long-term Debt (Parenthe

Debt - Long-term Debt (Parenthetical) (Detail) € in Millions	1 Months Ended		12 Months Ended
	Nov. 30, 2016	Oct. 31, 2016	Sep. 30, 2016USD ($)	Sep. 30, 2015USD ($)	Nov. 21, 2016USD ($)	Oct. 18, 2016USD ($)	Oct. 18, 2016EUR (€)	Sep. 30, 2016EUR (€)	Jul. 27, 2016USD ($)	Feb. 16, 2016	Sep. 30, 2015EUR (€)	Sep. 30, 2014
Debt Instrument [Line Items]
Current portion of long-term debt				$ 13,000,000
Revolving Credit Facility
Debt Instrument [Line Items]
Commitments under revolving credit facility			$ 150,000,000
Letters of credit outstanding			5,000,000	5,000,000
Revolving Credit Facility Outstanding			$ 0	$ 0
Extended maturity date of credit facility			Apr. 1, 2021
Senior Term Loan Facility due 2020 | Acquisition Corp.
Debt Instrument [Line Items]
Due date of Senior Secured Notes			2,020	2,020
Face or principal amount of debt instrument			$ 978,000,000	$ 1,287,000,000
Unamortized discount			$ 3,000,000	5,000,000
Current portion of long-term debt				$ 13,000,000
Extended maturity date of credit facility			Nov. 1, 2023
5.625% Senior Secured Notes
Debt Instrument [Line Items]
Interest rate				5.625%							5.625%	5.625%
5.625% Senior Secured Notes | Subsequent Event
Debt Instrument [Line Items]
Due date of Senior Secured Notes	2,022
Interest rate	5.625%
5.625% Senior Secured Notes | Acquisition Corp.
Debt Instrument [Line Items]
Due date of Senior Secured Notes			2,022	2,022
Interest rate			5.625%	5.625%				5.625%			5.625%
5.625% Senior Secured Notes | Acquisition Corp. | Subsequent Event
Debt Instrument [Line Items]
Interest rate					5.625%
Revolving Credit Facility Outstanding					$ 247,500,000
6.00% Senior Secured Notes | Subsequent Event
Debt Instrument [Line Items]
Due date of Senior Secured Notes		2,021
Interest rate		6.00%
6.00% Senior Secured Notes | Acquisition Corp.
Debt Instrument [Line Items]
Due date of Senior Secured Notes			2,021	2,021
Interest rate			6.00%	6.00%				6.00%			6.00%
6.25% Senior Secured Notes | Acquisition Corp.
Debt Instrument [Line Items]
Due date of Senior Secured Notes			2,021	2,021
Interest rate			6.25%	6.25%				6.25%			6.25%
Face or principal amount of debt instrument | €								€ 158			€ 158
5.00% Senior Secured Notes
Debt Instrument [Line Items]
Interest rate			5.00%	5.00%				5.00%			5.00%	5.00%
5.00% Senior Secured Notes | Acquisition Corp.
Debt Instrument [Line Items]
Due date of Senior Secured Notes			2,023	2,023
Interest rate			5.00%	5.00%				5.00%	5.00%		5.00%
Face or principal amount of debt instrument									$ 300,000,000
6.75% Senior Notes due 2022 | Acquisition Corp.
Debt Instrument [Line Items]
Due date of Senior Secured Notes			2,022	2,022
Interest rate			6.75%	6.75%				6.75%			6.75%
13.75% Senior Notes due 2019
Debt Instrument [Line Items]
Interest rate			13.75%	13.75%				13.75%			13.75%	13.75%
13.75% Senior Notes due 2019 | Holdings Company
Debt Instrument [Line Items]
Due date of Senior Secured Notes			2,019	2,019
Interest rate			13.75%	13.75%				13.75%		13.75%	13.75%
6.250% Senior Secured Notes Due 2021 | Subsequent Event
Debt Instrument [Line Items]
Due date of Senior Secured Notes		2,021
Interest rate		6.25%				6.25%	6.25%
4.125% Senior Secured Notes Due 2024 | Subsequent Event
Debt Instrument [Line Items]
Due date of Senior Secured Notes		2,024
Interest rate		4.125%
4.125% Senior Secured Notes Due 2024 | Acquisition Corp. | Subsequent Event
Debt Instrument [Line Items]
Interest rate						4.125%	4.125%
Face or principal amount of debt instrument | €							€ 345
4.875% Senior Secured Notes Due 2024 | Subsequent Event
Debt Instrument [Line Items]
Due date of Senior Secured Notes		2,024
Interest rate		4.875%
4.875% Senior Secured Notes Due 2024 | Acquisition Corp. | Subsequent Event
Debt Instrument [Line Items]
Interest rate						4.875%	4.875%
Face or principal amount of debt instrument						$ 250,000,000

Debt - Debt Redemptions - Addit

Debt - Debt Redemptions - Additional Information (Detail) - USD ($) $ in Millions	Jul. 27, 2016	Jul. 02, 2016	Feb. 16, 2016	Sep. 30, 2016	Mar. 31, 2016	Sep. 30, 2016	Sep. 30, 2014	Sep. 30, 2015
Debt Instrument [Line Items]
Outstanding senior notes				$ 2,812		$ 2,812		$ 2,994
Loss on extinguishment of debt				$ (14)	$ (4)	(18)	$ (141)
13.75% Senior Notes due 2019
Debt Instrument [Line Items]
Redemption of senior notes						$ 150
Interest rate				13.75%		13.75%	13.75%	13.75%
Holdings Company | 13.75% Senior Notes due 2019
Debt Instrument [Line Items]
Redemption of senior notes		$ 100	$ 50
Outstanding senior notes			$ 150					$ 150
Interest rate			13.75%	13.75%		13.75%		13.75%
Loss on extinguishment of debt		$ (10)	$ (5)
WMG Acquisition Corp.
Debt Instrument [Line Items]
Loss on extinguishment of debt	$ 4
WMG Acquisition Corp. | Revolving Credit Facility
Debt Instrument [Line Items]
Prepayment of senior term loan facility	$ 295.5

Debt - Open Market Purchases -

Debt - Open Market Purchases - Additional Information (Detail) - USD ($) $ in Millions	Sep. 30, 2016	Mar. 11, 2016	Sep. 30, 2015
Debt Instrument [Line Items]
Outstanding senior notes	$ 2,812		$ 2,994
Acquisition Corp. | 6.75% Senior Notes due 2022
Debt Instrument [Line Items]
Open market purchases of senior debt		$ 25
Outstanding senior notes	$ 635	$ 660	$ 660
Interest rate	6.75%	6.75%

Debt - Notes Offering - Additio

Debt - Notes Offering - Additional Information (Detail) - USD ($) $ in Millions	Jul. 27, 2016	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2014
5.00% Senior Secured Notes due 2023
Debt Instrument [Line Items]
Interest rate		5.00%	5.00%	5.00%
WMG Acquisition Corp. | Revolving Credit Facility
Debt Instrument [Line Items]
Prepayment of senior term loan facility	$ 295.5
WMG Acquisition Corp. | 5.00% Senior Secured Notes due 2023
Debt Instrument [Line Items]
Face or principal amount of debt instrument	$ 300
Interest rate	5.00%	5.00%	5.00%

Debt - 2014 Debt Refinancing -

Debt - 2014 Debt Refinancing - Additional Information (Detail) - USD ($) $ in Millions	Apr. 09, 2014	Sep. 30, 2016	Mar. 31, 2016	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2014
Debt Instrument [Line Items]
Accrued interest paid				$ 181	$ 171	$ 204
Loss on extinguishment of debt		$ (14)	$ (4)	$ (18)		(141)
2014 Debt Refinancing
Debt Instrument [Line Items]
Face or principal amount of debt instrument	$ 765
Loss on extinguishment of debt						$ (141)
Unamortized discount	13
Unamortized debt issuance costs	24
2014 Debt Refinancing | Refinancing Transaction
Debt Instrument [Line Items]
Redemption payment	869
Repayments of secured debt outstanding	765
Tender/Call premium on redemption of debt	85
Secured Notes consent fees	19
Accrued interest paid	3
2014 Debt Refinancing | 5.625% Senior Secured Notes due 2022
Debt Instrument [Line Items]
Face or principal amount of debt instrument	$ 275
Due date of Senior Secured Notes	2,022
2014 Debt Refinancing | 6.750% Senior Notes
Debt Instrument [Line Items]
Face or principal amount of debt instrument	$ 660
Due date of Senior Secured Notes	2,022

Debt - Interest Rates - Additio

Debt - Interest Rates - Additional Information (Detail)	12 Months Ended
	Sep. 30, 2016
Revolving Credit Facility
Debt Instrument [Line Items]
Debt instrument, marginal interest rate	1.00%
Interest rate applicable to overdue principal	2.00%
Description of variable rate basis	The loans under the Revolving Credit Facility bear interest at Revolving Borrower’s election at a rate equal to (i) the rate for deposits in the borrowing currency in the London interbank market (adjusted for maximum reserves) for the applicable interest period (“Revolving LIBOR”), plus 2.00% per annum, or (ii) the base rate, which is the highest of (x) the corporate base rate established by the administrative agent from time to time, (y) 0.50% in excess of the overnight federal funds rate and (z) the one-month Revolving LIBOR plus 1.0% per annum, plus, in each case, 1.00% per annum. If there is a payment default at any time, then the interest rate applicable to overdue principal will be the rate otherwise applicable to such loan plus 2.0% per annum.
Revolving Credit Facility | London Interbank Offered Rate (LIBOR)
Debt Instrument [Line Items]
Debt instrument, marginal interest rate	2.00%
Revolving Credit Facility | Base Rate
Debt Instrument [Line Items]
Debt instrument, marginal interest rate	1.00%
Additional Interest rate on other overdue amounts	2.00%
Revolving Credit Facility | Federal Funds Effective Swap Rate
Debt Instrument [Line Items]
Debt instrument, marginal interest rate	0.50%
Senior Term Loan Facility due 2020
Debt Instrument [Line Items]
Interest rate applicable to overdue principal	2.00%
Description of variable rate basis	The loans under the Senior Term Loan Facility bear interest at Term Loan Borrower’s election at a rate equal to (i) the rate for deposits in U.S. dollars in the London interbank market (adjusted for maximum reserves) for the applicable interest period (“Term Loan LIBOR”), plus 2.75% per annum, or (ii) the base rate, which is the highest of (x) the corporate base rate established by the administrative agent as its prime rate in effect at its principal office in New York City from time to time, (y) 0.50% in excess of the overnight federal funds rate and (z) one-month Term Loan LIBOR, plus 1.00% per annum, plus, in each case, 1.75% per annum.
Term loan Base rate plus Election Rate	1.00%
Senior Term Loan Facility due 2020 | London Interbank Offered Rate (LIBOR)
Debt Instrument [Line Items]
Debt instrument, marginal interest rate	2.75%
Senior Term Loan Facility due 2020 | Base Rate
Debt Instrument [Line Items]
Debt instrument, marginal interest rate	1.75%
Additional Interest rate on other overdue amounts	2.00%
Senior Term Loan Facility due 2020 | Federal Funds Effective Swap Rate
Debt Instrument [Line Items]
Debt instrument, marginal interest rate	0.50%

Debt - Additional Information (

Debt - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended								12 Months Ended
	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2014
Debt Instrument [Line Items]
Interest expense, net	$ 42	$ 43	$ 43	$ 45	$ 45	$ 45	$ 45	$ 46	$ 173	$ 181	$ 203
Weighted-average interest rate of total debt	5.30%				5.60%				5.30%	5.60%	5.60%
Senior Notes
Debt Instrument [Line Items]
Scheduled maturities of long-term debt in 2019	$ 627								$ 627
Scheduled to mature	$ 1,210								$ 1,210
Revolving Credit Facility
Debt Instrument [Line Items]
Extended maturity date of credit facility									Apr. 1, 2021
Term Loan Facility
Debt Instrument [Line Items]
Credit Facility maturity date									Jul. 1, 2020
Extended maturity date of credit facility									Nov. 1, 2023

Income Taxes - Schedule of Dome

Income Taxes - Schedule of Domestic and Foreign Pretax (Loss) Income from Continuing Operations (Detail) - USD ($) $ in Millions	3 Months Ended								12 Months Ended
	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2014
Income Tax Disclosure [Abstract]
Domestic									$ 35	$ (18)	$ (153)
Foreign									6	(57)	(176)
Income (loss) before income taxes	$ (8)	$ (3)	$ 27	$ 25	$ (17)	$ (39)	$ 13	$ (32)	$ 41	$ (75)	$ (329)

Income Taxes - Current and Defe

Income Taxes - Current and Deferred Income Taxes (Detail) - USD ($) $ in Millions		3 Months Ended								12 Months Ended
		Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2014
Federal:
Deferred										$ 3	$ 4	$ (7)
Foreign:
Current	[1]									39	40	35
Deferred										(30)	(33)	(55)
U.S. State:
Current										3	3	(6)
Deferred										(4)	(1)	7
Total		$ (5)	$ 4	$ 15	$ (3)	$ 6	$ 4	$ (6)	$ 9	$ 11	$ 13	$ (26)
[1]	Includes withholding taxes of $17 million, $13 million and $11 million for the fiscal year ended September 30, 2016, for the fiscal year ended September 30, 2015, and for the fiscal year ended September 30, 2014, respectively.

Income Taxes - Current and De62

Income Taxes - Current and Deferred Income Taxes (Parenthetical) (Detail) - USD ($) $ in Millions	12 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2014
Components Of Deferred Tax Assets And Liabilities [Abstract]
Cash withholding taxes	$ 17	$ 13	$ 11

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail) - USD ($) $ in Millions	12 Months Ended
	Sep. 30, 2016	Sep. 30, 2015
Schedule Of Income Taxes [Line Items]
U.S. federal statutory income tax rate	35.00%
Converted expiring foreign tax credits to deductions	$ 31
Reinvested Earnings at foreign subsidiaries	211
Accrued interest and penalties	3	$ 3
Uncertain income tax position not recognized	30	$ 35
Decrease in uncertain tax position	17
Domestic Tax Authority
Schedule Of Income Taxes [Line Items]
Net operating loss carry forward	$ 548
Operating loss carry forwards, expiration year	2,027
Foreign Tax Authority
Schedule Of Income Taxes [Line Items]
Foreign tax credit carry forward	$ 147
Tax credit carry forwards, expiration year	2,018
United Kingdom Tax Authority
Schedule Of Income Taxes [Line Items]
Net operating loss carry forward	$ 92
France Tax Authority
Schedule Of Income Taxes [Line Items]
Net operating loss carry forward	119
Spain Tax Authority
Schedule Of Income Taxes [Line Items]
Net operating loss carry forward	$ 40

Income Taxes - Differences betw

Income Taxes - Differences between U.S. Federal Statutory Income Tax Rate of 35% and Income Taxes Provided (Detail) - USD ($) $ in Millions	3 Months Ended								12 Months Ended
	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2014
Income Tax Disclosure [Abstract]
Taxes on income at the U.S. federal statutory rate									$ 14	$ (26)	$ (115)
U.S. state and local taxes									(1)	2	1
Foreign income taxed at different rates, including withholding taxes									12	11	(15)
Increase in valuation allowance									19	34	101
Release of valuation allowance									(26)	(5)	(3)
Change in tax rates									(10)	(2)	1
Other									3	(1)	4
Total	$ (5)	$ 4	$ 15	$ (3)	$ 6	$ 4	$ (6)	$ 9	$ 11	$ 13	$ (26)

Income Taxes - Significant Comp

Income Taxes - Significant Components of Company's Net Deferred Tax Assets/(Liabilities) (Detail) - USD ($) $ in Millions	Sep. 30, 2016	Sep. 30, 2015
Deferred tax assets:
Allowances and reserves	$ 34	$ 40
Employee benefits and compensation	47	47
Other accruals	82	76
Tax attribute carry forwards	475	552
Other	3	2
Total deferred tax assets	641	717
Valuation allowance	(310)	(344)
Net deferred tax assets	331	373
Deferred tax liabilities:
Depreciation, amortization and artist advances	(26)	(23)
Intangible assets	(572)	(650)
Total deferred tax liabilities	(598)	(673)
Net deferred tax liabilities	$ (267)	$ (300)

Income Taxes - Reconciliation o

Income Taxes - Reconciliation of Unrecognized Tax Benefits Including Interest and Penalties (Detail) - USD ($) $ in Millions	12 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2014
Income Tax Disclosure [Abstract]
Beginning Balance	$ 35	$ 27	$ 30
Additions for current year tax positions	7	8	10
Additions for prior year tax positions	1	9	1
Subtractions for prior year tax positions	(13)	(9)	(14)
Ending Balance	$ 30	$ 35	$ 27

Employee Benefit Plans - Additi

Employee Benefit Plans - Additional Information (Detail) - USD ($) $ in Millions	12 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2014
Compensation And Retirement Disclosure [Abstract]
Employee benefit plan obligation	$ 83	$ 69
Aggregate pension liability recorded in balance sheet	56	45
Pension expense	4	4	$ 4
Employers contribution plan expense	$ 5	$ 4	$ 5

Restructuring - Additional Info

Restructuring - Additional Information (Detail) - USD ($)	12 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2014
Restructuring Cost And Reserve [Line Items]
Restructuring costs		$ 2,000,000
Cash payments	$ 2,000,000	13,000,000
Employee-Related Costs
Restructuring Cost And Reserve [Line Items]
Cash payments	2,000,000	10,000,000
Real Estate Costs
Restructuring Cost And Reserve [Line Items]
Restructuring costs		2,000,000
Cash payments		3,000,000
Restructuring Plan
Restructuring Cost And Reserve [Line Items]
Restructuring costs related to close of acquisition	0	74,000,000
Restructuring costs		2,000,000	$ 50,000,000
Cash payments	$ 74,000,000
Restructuring Plan | Employee-Related Costs
Restructuring Cost And Reserve [Line Items]
Restructuring costs related to close of acquisition		67,000,000
Restructuring costs			45,000,000
Restructuring Plan | Real Estate Costs
Restructuring Cost And Reserve [Line Items]
Restructuring costs related to close of acquisition		6,000,000
Restructuring costs		2,000,000	4,000,000
Restructuring Plan | Other Costs
Restructuring Cost And Reserve [Line Items]
Restructuring costs related to close of acquisition		$ 1,000,000
Restructuring costs			$ 1,000,000

Restructuring - Summary of Rest

Restructuring - Summary of Restructuring Activity (Detail) - USD ($) $ in Millions	12 Months Ended
	Sep. 30, 2016	Sep. 30, 2015
Restructuring Cost And Reserve [Line Items]
Beginning balance	$ 2	$ 13
Restructuring costs		2
Cash payments	(2)	(13)
Ending balance		2
Employee-Related Costs
Restructuring Cost And Reserve [Line Items]
Beginning balance	2	12
Cash payments	$ (2)	(10)
Ending balance		2
Real Estate Costs
Restructuring Cost And Reserve [Line Items]
Beginning balance		1
Restructuring costs		2
Cash payments		$ (3)
Ending balance

Restructuring - Summary of Char

Restructuring - Summary of Charges in Consolidated Statement of Operations (Detail) - USD ($) $ in Millions	12 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
Restructuring Cost And Reserve [Line Items]
Total restructuring expense	$ 2
Recorded Music
Restructuring Cost And Reserve [Line Items]
Total restructuring expense	2	$ 50
Recorded Music | Selling, General and Administrative Expenses
Restructuring Cost And Reserve [Line Items]
Total restructuring expense	$ 2	$ 50

Share-Based Compensation Plan71

Share-Based Compensation Plans - Additional Information (Detail) $ / shares in Units, $ in Millions	12 Months Ended
	Sep. 30, 2016USD ($)$ / shares	Sep. 30, 2015USD ($)Installments$ / sharesshares	Sep. 30, 2014USD ($)$ / shares
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Shares held in employee stock option plan, allocated		82.1918
Shares issued and outstanding to LLC		55
Deferred equity unit share		0.0001
Weighted-average grant date intrinsic value of share awards | $ / shares	$ 107.13	$ 107.13	$ 107.13
Non-cash compensation expense | $	$ 23	$ 3	$ 8
Unrecognized compensation costs | $	$ 2	7	12
Total compensation of unvested awards expected to be recognized, weighted average period	1 year
Employees
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Non-cash compensation expense | $	$ 13	1	5
Non-Employees
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Non-cash compensation expense | $	$ 10	$ 2	$ 3
Deferred Equity Units, Minimum
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Share awards vesting period		1 year
Deferred Equity Units, Maximum
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Share awards vesting period		7 years
Matching Equity Units Vesting Years
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Share awards vesting period		2 years
Deferred Equity Units
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Shares held in employee stock option plan, allocated		41.0959
Number of installments | Installments		3
Fair value of deferred equity units | $ / shares	$ 142.21	$ 135	$ 132.92
Matching Equity Units
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Shares held in employee stock option plan, allocated		41.0959

Share-Based Compensation Plan72

Share-Based Compensation Plans - Summary of Company's Share Awards (Detail) - $ / shares	12 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2014
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Weighted-average grant date intrinsic value of share awards	$ 107.13	$ 107.13	$ 107.13
Deferred Equity Units
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Unvested units	18	19
Units, Granted	9	3
Units, Vested	(7)	(2)
Units, Forfeited	(1)	(2)
Unvested units	19	18	19
Unvested units, Fair Value	$ 135	$ 132.92
Fair Value, Granted	135	132.92
Fair Value, Vested	135	132.92
Fair Value, Forfeited	135	132.92
Unvested units, Fair Value	142.21	135	$ 132.92
Unvested units, Weighted-Average Grant-Date Intrinsic Value	107.13	107.13
Weighted-Average Grant-Date Intrinsic Value, Granted	107.13	107.13
Weighted-Average Grant-Date Intrinsic Value, Vested	107.13	107.13
Weighted-Average Grant-Date Intrinsic Value, Forfeited	107.13	107.13
Unvested units, Weighted-Average Grant-Date Intrinsic Value	$ 107.13	$ 107.13	$ 107.13
Matching Equity Units
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Unvested units	25	24
Units, Granted	9	3
Units, Vested	(5)
Units, Forfeited	(1)	(2)
Unvested units	28	25	24
Unvested units, Intrinsic Value	$ 27.87	$ 25.79
Vested	27.87	25.79
Forfeited	27.87	25.79
Unvested units, Intrinsic Value	35.08	27.87	$ 25.79
Unvested units, Weighted-Average Grant-Date Intrinsic Value	0	0
Unvested units, Weighted-Average Grant-Date Intrinsic Value	$ 0	$ 0	$ 0

Related Party Transactions - Ad

Related Party Transactions - Additional Information (Detail)	Jul. 15, 2016USD ($)	Aug. 13, 2015USD ($)	Jan. 01, 2015GBP (£)	Sep. 30, 2016USD ($)	Sep. 30, 2015USD ($)	Sep. 30, 2014USD ($)
Related Party Transaction [Line Items]
Lease arrangement with Related Party				$ 60,000,000	$ 66,000,000	$ 82,000,000
Gain on sale of investments						2,000,000
Access Industries
Related Party Transaction [Line Items]
Management fee minimum				9,000,000
Management fees and reimbursed expenses				9,000,000	9,000,000	8,000,000
Expenses reimbursed				2,000,000	2,000,000	2,000,000
Gain on sale of investments						$ 2,000,000
Warner and Chappell Music Limited and WMG Acquisition Limited
Related Party Transaction [Line Items]
Lease arrangement with Related Party | £			£ 3,460,250
Warner Music Inc
Related Party Transaction [Line Items]
License fee	$ 16,967.21	$ 2,775
IT support fee		$ 1,000
Deezer
Related Party Transaction [Line Items]
Related party revenue				29,000,000	$ 25,000,000
WEA Corp
Related Party Transaction [Line Items]
Related party revenue				$ 4,000,000

Commitments and Contingencies -

Commitments and Contingencies - Additional Information (Detail) - USD ($) $ in Millions	Jul. 29, 2015	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2014
Commitments And Contingencies [Line Items]
Net lease and rental expense										$ 60	$ 66	$ 82
Firm’s expected commitments										288	318
Other off-balance sheet commitments to investees		$ 2				$ 5				2	5
Revenues		$ 841	$ 811	$ 745	$ 849	$ 750	$ 710	$ 677	$ 829	3,246	$ 2,966	$ 3,027
Sirius XM | Settled Litigation
Commitments And Contingencies [Line Items]
Receipts from plaintiff	$ 210
Cash distribution										33
Revenues										$ 28

Commitments and Contingencies75

Commitments and Contingencies - Future Minimum Payments Under Non-Cancelable Operating Leases (Net of Sublease Income) (Detail) $ in Millions	Sep. 30, 2016USD ($)
Commitments And Contingencies Disclosure [Abstract]
Operating Leases in 2017	$ 51
Operating Leases in 2018	44
Operating Leases in 2019	42
Operating Leases in 2020	35
Operating Leases in 2021	32
Operating Leases, Thereafter	200
Operating Leases, Total	$ 404

Derivative Financial Instrume76

Derivative Financial Instruments - Additional Information (Detail) - USD ($)	Sep. 30, 2016	Sep. 30, 2015
Derivative Instruments And Hedging Activities Disclosure [Abstract]
Outstanding hedge contracts	$ 0	$ 0
Deferred gains (losses) in comprehensive loss related to foreign exchange hedging	$ 0	$ 0

Segment Information - Additiona

Segment Information - Additional Information (Detail)	12 Months Ended
	Sep. 30, 2016OperationsCustomer	Sep. 30, 2015Customer	Sep. 30, 2014Customer
Segment Reporting Information [Line Items]
Number of fundamental operations | Operations	2
Recorded Music | Sales Revenue, Net | Customer Concentration
Segment Reporting Information [Line Items]
Customer Concentration	14.00%	13.00%	16.00%
Number of customer | Customer	1	1	1

Segment Information - Schedule

Segment Information - Schedule of Segment Information (Detail) - USD ($) $ in Millions	3 Months Ended								12 Months Ended
	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2014
Segment Reporting Information [Line Items]
Revenues	$ 841	$ 811	$ 745	$ 849	$ 750	$ 710	$ 677	$ 829	$ 3,246	$ 2,966	$ 3,027
OIBDA									507	436	340
Depreciation of property, plant and equipment	(13)	(12)	(12)	(13)	(12)	(14)	(14)	(14)	(50)	(54)	(55)
Amortization expense	(55)	(63)	(63)	(62)	(64)	(63)	(63)	(65)	(243)	(255)	(266)
Operating income	55	$ 45	$ 52	$ 62	37	$ 23	$ 44	$ 23	214	127	19
Total assets	5,369				5,621				5,369	5,621
Capital expenditures									42	63	76
Operating Segments | Recorded Music
Segment Reporting Information [Line Items]
Revenues									2,736	2,501	2,526
OIBDA									459	379	267
Depreciation of property, plant and equipment									(32)	(36)	(35)
Amortization expense									(180)	(192)	(201)
Operating income									247	151	31
Total assets	2,584				2,869				2,584	2,869
Capital expenditures									18	19	27
Operating Segments | Music Publishing
Segment Reporting Information [Line Items]
Revenues									524	482	517
OIBDA									138	146	166
Depreciation of property, plant and equipment									(7)	(6)	(7)
Amortization expense									(63)	(63)	(65)
Operating income									68	77	94
Total assets	2,365				2,408				2,365	2,408
Capital expenditures									7	7	8
Corporate Expenses and Eliminations
Segment Reporting Information [Line Items]
Revenues									(14)	(17)	(16)
OIBDA									(90)	(89)	(93)
Depreciation of property, plant and equipment									(11)	(12)	(13)
Operating income									(101)	(101)	(106)
Total assets	$ 420				$ 344				420	344
Capital expenditures									$ 17	$ 37	$ 41

Segment Information - Long-Live

Segment Information - Long-Lived Assets and Revenue by Geographical Areas (Detail) - USD ($) $ in Millions	3 Months Ended								12 Months Ended
	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2014
Segment Reporting Information [Line Items]
Revenues	$ 841	$ 811	$ 745	$ 849	$ 750	$ 710	$ 677	$ 829	$ 3,246	$ 2,966	$ 3,027
Long-lived Assets	203				220				203	220
United States
Segment Reporting Information [Line Items]
Revenues									1,360	1,171	1,141
Long-lived Assets	138				149				138	149
United Kingdom
Segment Reporting Information [Line Items]
Revenues									491	477	467
Long-lived Assets	23				30				23	30
All Other Territories
Segment Reporting Information [Line Items]
Revenues									1,395	1,318	$ 1,419
Long-lived Assets	$ 42				$ 41				$ 42	$ 41

Additional Financial Informat80

Additional Financial Information - Additional Information (Detail) - USD ($) $ in Millions	12 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2014
Supplemental Cash Flow Information [Abstract]
Accrued interest paid	$ 181	$ 171	$ 204
Income taxes paid net of refunds	$ 41	$ 25	$ 22

Fair Value Measurements - Sched

Fair Value Measurements - Schedule of Fair Value of Financial Instruments (Detail) - USD ($) $ in Millions		Sep. 30, 2016	Sep. 30, 2015
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Contractual Obligations		$ (4)	$ (1)
Other Current Liabilities
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Contractual Obligations	[1]	(4)	(1)
Level 3
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Contractual Obligations		(4)	(1)
Level 3 | Other Current Liabilities
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Contractual Obligations	[1]	$ (4)	$ (1)
[1]	This represents purchase obligations and contingent consideration related to the Company’s various acquisitions. This is based on a probability weighted performance approach and it is adjusted to fair value on a recurring basis and any adjustments are included as a component of operating income in the statement of operations. These amounts were mainly calculated using unobservable inputs such as future earnings performance of the Company’s various acquisitions and the expected timing of the payment.

Fair Value Measurements - Recon

Fair Value Measurements - Reconciliation of Net Liabilities Classified as Level 3 (Detail) - Level 3 $ in Millions	12 Months Ended
	Sep. 30, 2016USD ($)
Fair Value Liabilities Measured On Recurring Basis Unobservable Input Reconciliation [Line Items]
Balance at September 30, 2015	$ (1)
Additions	(4)
Payments	1
Balance at September 30, 2016	$ (4)

Fair Value Measurements - Addit

Fair Value Measurements - Additional Information (Detail) - USD ($) $ in Millions	Sep. 30, 2016	Sep. 30, 2015
Level 2 measurement
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Debt Instrument, Fair Value Disclosure	$ 2,896	$ 2,976

Subsequent Events - Additional

Subsequent Events - Additional Information (Detail) € in Millions

Dec. 02, 2016USD ($)

Nov. 21, 2016USD ($)

Oct. 18, 2016USD ($)

Oct. 07, 2016USD ($)

Jul. 27, 2016USD ($)

Dec. 31, 2016USD ($)

Sep. 30, 2016USD ($)

Mar. 31, 2016USD ($)

Sep. 30, 2016USD ($)

Sep. 30, 2014USD ($)

Nov. 30, 2016

Oct. 31, 2016

Oct. 18, 2016EUR (€)

Sep. 30, 2015

Subsequent Event [Line Items]

Loss on extinguishment of debt

$ (14,000,000)

$ (4,000,000)

$ (18,000,000)

$ (141,000,000)

October 2016 Refinancing Transactions | Scenario, Forecast

Subsequent Event [Line Items]

Loss on extinguishment of debt

$ (31,000,000)

5.625% Senior Secured Notes

Subsequent Event [Line Items]

Interest rate

5.625%

5.625%

Acquisition Corp.

Subsequent Event [Line Items]

Loss on extinguishment of debt

$ 4,000,000

Acquisition Corp. | November 2016 Senior Term Loan Credit Agreement Amendment

Subsequent Event [Line Items]

Principal amount outstanding

$ 27,500,000

$ 27,500,000

Acquisition Corp. | 5.625% Senior Secured Notes

Subsequent Event [Line Items]

Interest rate

5.625%

5.625%

5.625%

Subsequent Event

Subsequent Event [Line Items]

Special cash dividends payable, date to be paid

Jan. 3, 2017

Special cash dividends

$ 54,000,000

Special cash dividends payable, date of record

Dec. 30, 2016

Subsequent Event | 4.125% Senior Secured Notes Due 2024

Subsequent Event [Line Items]

Interest rate

4.125%

Subsequent Event | 4.875% Senior Secured Notes Due 2024

Subsequent Event [Line Items]

Interest rate

4.875%

Subsequent Event | 6.000% Senior Secured Notes due 2021

Subsequent Event [Line Items]

Interest rate

6.00%

6.00%

Date instrument maturity, year

2,021

Subsequent Event | 6.250% Senior Secured Notes Due 2021

Subsequent Event [Line Items]

Interest rate

6.25%

6.25%

6.25%

Date instrument maturity, year

2,021

Subsequent Event | 5.625% Senior Secured Notes

Subsequent Event [Line Items]

Interest rate

5.625%

Subsequent Event | Acquisition Corp. | 4.125% Senior Secured Notes Due 2024

Subsequent Event [Line Items]

Face or principal amount of debt instrument | €

€ 345

Interest rate

4.125%

4.125%

Date instrument maturity, year

2,024

Subsequent Event | Acquisition Corp. | 4.875% Senior Secured Notes Due 2024

Subsequent Event [Line Items]

Face or principal amount of debt instrument

$ 250,000,000

Interest rate

4.875%

4.875%

Date instrument maturity, year

2,024

Subsequent Event | Acquisition Corp. | November 2016 Senior Term Loan Credit Agreement Amendment

Subsequent Event [Line Items]

Credit Facility maturity date

Nov. 1, 2023

Principal amount outstanding

$ 1,006,000,000

Subsequent Event | Acquisition Corp. | 5.625% Senior Secured Notes

Subsequent Event [Line Items]

Interest rate

5.625%

Date instrument maturity, year

2,022

Principal amount outstanding

$ 247,500,000

Senior notes redeemed percent

10.00%

Redemption of senior notes

$ 27,500,000

Senior notes redemption price percent

103.00%

Subsequent Event | California | Headquarters Lease

Subsequent Event [Line Items]

Operating lease, agreement description

As of October 7, 2016, we entered into a lease agreement for new office space located in the Ford Factory Building at 777 S. Santa Fe Avenue, Los Angeles, California, 90021, to be used as our new Los Angeles, California headquarters beginning on August 1, 2017 for an initial term of 12 years and 9 months with a single option to extend the term of the lease for 10 years.

Operating lease, initial lease term

12 years 9 months

Operating lease, option to extend lease term

10 years

Operating lease, rental payments subject to annual fixed increases

$ 10,000,000

Operating lease, rent abatement percentage

75.00%

Operating lease, rent abatement period

16 months

Quarterly Financial Informati85

Quarterly Financial Information - Quarterly Information (Detail) - USD ($) $ in Millions	3 Months Ended																12 Months Ended
	Sep. 30, 2016		Jun. 30, 2016		Mar. 31, 2016		Dec. 31, 2015		Sep. 30, 2015		Jun. 30, 2015		Mar. 31, 2015		Dec. 31, 2014		Sep. 30, 2016		Sep. 30, 2015		Sep. 30, 2014
Quarterly Financial Information Disclosure [Abstract]
Revenues	$ 841		$ 811		$ 745		$ 849		$ 750		$ 710		$ 677		$ 829		$ 3,246		$ 2,966		$ 3,027
Costs and expenses:
Cost of revenue	(436)		(448)		(374)		(449)		(375)		(373)		(318)		(445)		(1,707)		(1,511)		(1,570)
Selling, general and administrative expenses	(295)	[1]	(255)	[1]	(256)	[1]	(276)	[1]	(274)	[2]	(251)	[2]	(252)	[2]	(296)	[2]	(1,082)	[3]	(1,073)	[3]	(1,172)	[3]
Amortization expense	(55)		(63)		(63)		(62)		(64)		(63)		(63)		(65)		(243)		(255)		(266)
Total costs and expenses	(786)		(766)		(693)		(787)		(713)		(687)		(633)		(806)		(3,032)		(2,839)		(3,008)
Operating income	55		45		52		62		37		23		44		23		214		127		19
Loss on extinguishment of debt	(14)				(4)												(18)				(141)
Interest expense, net	(42)		(43)		(43)		(45)		(45)		(45)		(45)		(46)		(173)		(181)		(203)
Other (expense) income	(7)		(5)		22		8		(9)		(17)		14		(9)		18		(21)		(4)
Income (loss) before income taxes	(8)		(3)		27		25		(17)		(39)		13		(32)		41		(75)		(329)
Income tax (expense) benefit	5		(4)		(15)		3		(6)		(4)		6		(9)		(11)		(13)		26
Net (loss) income	(3)		(7)		12		28		(23)		(43)		19		(41)
Less: Income attributable to noncontrolling interest	(1)		(2)		(1)		(1)				(1)		(1)		(1)		(5)		(3)		(5)
Net income (loss) attributable to Warner Music Group Corp.	$ (4)		$ (9)		$ 11		$ 27		$ (23)		$ (44)		$ 18		$ (42)		$ 25		$ (91)		$ (308)
[1]	(a) Includes depreciation expense of: $(13) $(12) $(12) $(13)
[2]	(a) Includes depreciation expense of: $(12) $(14) $(14) $(14)
[3]	(a) Includes depreciation expense of: $(50) $(54) $(55)

Quarterly Financial Informati86

Quarterly Financial Information - Quarterly Information (Parenthetical) (Detail) - USD ($) $ in Millions	3 Months Ended								12 Months Ended
	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2014
Quarterly Financial Information Disclosure [Abstract]
Depreciation expense	$ (13)	$ (12)	$ (12)	$ (13)	$ (12)	$ (14)	$ (14)	$ (14)	$ (50)	$ (54)	$ (55)

Guarantor and Non-Guarantor S87

Guarantor and Non-Guarantor Subsidiaries Financial Information - Additional Information (Detail)	12 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Mar. 11, 2016	Sep. 30, 2014
13.75% Notes due 2019 | Holdings Company
Condensed Financial Statements Captions [Line Items]
Interest rate	13.75%
Due date of Senior Secured Notes	2,019
5.625% Senior Secured Notes due 2022
Condensed Financial Statements Captions [Line Items]
Interest rate		5.625%		5.625%
5.625% Senior Secured Notes due 2022 | Acquisition Corp.
Condensed Financial Statements Captions [Line Items]
Interest rate	5.625%	5.625%
Due date of Senior Secured Notes	2,022	2,022
6.00% Senior Secured Notes due 2021 | Acquisition Corp.
Condensed Financial Statements Captions [Line Items]
Interest rate	6.00%	6.00%
Due date of Senior Secured Notes	2,021	2,021
6.25% Senior Secured Notes due 2021 | Acquisition Corp.
Condensed Financial Statements Captions [Line Items]
Interest rate	6.25%	6.25%
Due date of Senior Secured Notes	2,021	2,021
6.75% Senior Notes due 2022 | Acquisition Corp.
Condensed Financial Statements Captions [Line Items]
Interest rate	6.75%		6.75%
Due date of Senior Secured Notes	2,022

Guarantor and Non-Guarantor S88

Guarantor and Non-Guarantor Subsidiaries Financial Information - Consolidating Balance Sheet (Detail) - USD ($) $ in Millions		Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2013
Current assets:
Cash and equivalents		$ 359	$ 246	$ 157	$ 155
Accounts receivable, net		329	349
Inventories		41	42
Royalty advances expected to be recouped within one year		128	130
Prepaid and other current assets		51	60
Total current assets		908	827
Royalty advances expected to be recouped after one year		196	195
Property, plant and equipment, net		203	220
Goodwill		1,627	1,632	1,661
Intangible assets subject to amortization, net		2,201	2,514
Intangible assets not subject to amortization		116	119
Other assets		118	114
Total assets		5,369	5,621
Current liabilities:
Accounts payable		204	173
Accrued royalties		1,104	1,087
Accrued liabilities		297	296
Accrued interest		38	58
Deferred revenue		178	206
Current portion of long-term debt			13
Other current liabilities		21	24
Total current liabilities		1,842	1,857
Long-term debt	[1]	2,812	2,981
Deferred tax liabilities, net		269	302
Other noncurrent liabilities		236	242
Total liabilities		5,159	5,382
Total Warner Music Group Corp. equity (deficit)		195	221
Noncontrolling interest		15	18
Total equity		210	239	390	743
Total liabilities and equity		5,369	5,621
Eliminations
Current assets:
Investments in and advances to (from) consolidated subsidiaries		(3,718)	(3,552)
Total assets		(3,718)	(3,552)
Current liabilities:
Other current liabilities			(1)
Total current liabilities			(1)
Other noncurrent liabilities			3
Total liabilities			2
Total Warner Music Group Corp. equity (deficit)		(3,718)	(3,554)
Total equity		(3,718)	(3,554)
Total liabilities and equity		(3,718)	(3,552)
Eliminations
Current assets:
Investments in and advances to (from) consolidated subsidiaries		(390)	(597)
Total assets		(390)	(597)
Current liabilities:
Total Warner Music Group Corp. equity (deficit)		(390)	(597)
Total equity		(390)	(597)
Total liabilities and equity		(390)	(597)
WMG Acquisition Corp. | Reportable Legal Entities
Current assets:
Prepaid and other current assets		1	5
Total current assets		1	5
Due (to) from parent companies		750	863
Investments in and advances to (from) consolidated subsidiaries		2,260	2,365
Other assets		37	39
Total assets		3,048	3,272
Current liabilities:
Accrued liabilities			1
Accrued interest		38	48
Current portion of long-term debt			13
Total current liabilities		38	62
Long-term debt		2,812	2,831
Other noncurrent liabilities		3	3
Total liabilities		2,853	2,896
Total Warner Music Group Corp. equity (deficit)		195	376
Total equity		195	376
Total liabilities and equity		3,048	3,272
Guarantor Subsidiaries | Reportable Legal Entities
Current assets:
Cash and equivalents		180	73	26	16
Accounts receivable, net		177	170
Inventories		16	15
Royalty advances expected to be recouped within one year		79	80
Prepaid and other current assets		13	9
Total current assets		465	347
Due (to) from parent companies		(312)	(174)
Investments in and advances to (from) consolidated subsidiaries		1,458	1,187
Royalty advances expected to be recouped after one year		120	120
Property, plant and equipment, net		138	145
Goodwill		1,372	1,379
Intangible assets subject to amortization, net		1,165	1,271
Intangible assets not subject to amortization		71	71
Other assets		62	53
Total assets		4,539	4,399
Current liabilities:
Accounts payable		124	79
Accrued royalties		606	513
Accrued liabilities		112	269
Deferred revenue		143	140
Other current liabilities		3	7
Total current liabilities		988	1,008
Deferred tax liabilities, net		109	110
Other noncurrent liabilities		126	131
Total liabilities		1,223	1,249
Total Warner Music Group Corp. equity (deficit)		3,314	3,149
Noncontrolling interest		2	1
Total equity		3,316	3,150
Total liabilities and equity		4,539	4,399
Non-Guarantor Subsidiaries | Reportable Legal Entities
Current assets:
Cash and equivalents		179	173	131	139
Accounts receivable, net		152	179
Inventories		25	27
Royalty advances expected to be recouped within one year		49	50
Prepaid and other current assets		37	46
Total current assets		442	475
Due (to) from parent companies		(438)	(689)
Royalty advances expected to be recouped after one year		76	75
Property, plant and equipment, net		65	75
Goodwill		255	253
Intangible assets subject to amortization, net		1,036	1,243
Intangible assets not subject to amortization		45	48
Other assets		19	17
Total assets		1,500	1,497
Current liabilities:
Accounts payable		80	94
Accrued royalties		498	574
Accrued liabilities		185	26
Deferred revenue		35	66
Other current liabilities		18	18
Total current liabilities		816	778
Deferred tax liabilities, net		160	192
Other noncurrent liabilities		107	105
Total liabilities		1,083	1,075
Total Warner Music Group Corp. equity (deficit)		404	405
Noncontrolling interest		13	17
Total equity		417	422
Total liabilities and equity		1,500	1,497
WMG Acquisition Corp. Consolidated | Reportable Legal Entities
Current assets:
Cash and equivalents		359	246	$ 157	$ 155
Accounts receivable, net		329	349
Inventories		41	42
Royalty advances expected to be recouped within one year		128	130
Prepaid and other current assets		51	60
Total current assets		908	827
Royalty advances expected to be recouped after one year		196	195
Property, plant and equipment, net		203	220
Goodwill		1,627	1,632
Intangible assets subject to amortization, net		2,201	2,514
Intangible assets not subject to amortization		116	119
Other assets		118	109
Total assets		5,369	5,616
Current liabilities:
Accounts payable		204	173
Accrued royalties		1,104	1,087
Accrued liabilities		297	296
Accrued interest		38	48
Deferred revenue		178	206
Current portion of long-term debt			13
Other current liabilities		21	24
Total current liabilities		1,842	1,847
Long-term debt		2,812	2,831
Deferred tax liabilities, net		269	302
Other noncurrent liabilities		236	242
Total liabilities		5,159	5,222
Total Warner Music Group Corp. equity (deficit)		195	376
Noncontrolling interest		15	18
Total equity		210	394
Total liabilities and equity		5,369	5,616
WMG Holdings Corp. | Reportable Legal Entities
Current assets:
Investments in and advances to (from) consolidated subsidiaries		195	376
Other assets			5
Total assets		195	381
Current liabilities:
Accrued interest			10
Total current liabilities			10
Long-term debt			150
Total liabilities			160
Total Warner Music Group Corp. equity (deficit)		195	221
Total equity		195	221
Total liabilities and equity		195	381
Warner Music Group Corp. | Reportable Legal Entities
Current assets:
Investments in and advances to (from) consolidated subsidiaries		195	221
Total assets		195	221
Current liabilities:
Total Warner Music Group Corp. equity (deficit)		195	221
Total equity		195	221
Total liabilities and equity		$ 195	$ 221
[1]	Total long-term debt, including the current portion does not reflect the October 2016 tender offers for, and satisfaction and discharge of, the 6.000% Senior Secured Notes due 2021 and the 6.250% Senior Secured Notes due 2021, the October issuance of 4.125% Senior Secured Notes due 2024 and 4.875% Senior Secured Notes due 2024, the November 2016 Senior Term Loan Credit Agreement Amendment, or the November redemption of the 5.625% Senior Secured Notes due 2022. See “Recent Developments – Tender Offers and Satisfaction and Discharge” and “Liquidity – New Senior Secured Notes.”

Guarantor and Non-Guarantor S89

Guarantor and Non-Guarantor Subsidiaries Financial Information - Consolidating Statement of Operations (Detail) - USD ($) $ in Millions	Jul. 27, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2014
Condensed Income Statements Captions [Line Items]
Revenues		$ 841	$ 811	$ 745	$ 849	$ 750	$ 710	$ 677	$ 829	$ 3,246	$ 2,966	$ 3,027
Costs and expenses:
Cost of revenue		(436)	(448)	(374)	(449)	(375)	(373)	(318)	(445)	(1,707)	(1,511)	(1,570)
Selling, general and administrative expenses										(1,082)	(1,073)	(1,172)
Amortization expense		(55)	(63)	(63)	(62)	(64)	(63)	(63)	(65)	(243)	(255)	(266)
Total costs and expenses		(786)	(766)	(693)	(787)	(713)	(687)	(633)	(806)	(3,032)	(2,839)	(3,008)
Operating income		55	45	52	62	37	23	44	23	214	127	19
Loss on extinguishment of debt		(14)		(4)						(18)		(141)
Interest income (expense), net		(42)	(43)	(43)	(45)	(45)	(45)	(45)	(46)	(173)	(181)	(203)
Other income (expense), net										18	(21)	(4)
Income (loss) before income taxes		(8)	(3)	27	25	(17)	(39)	13	(32)	41	(75)	(329)
Income tax (expense) benefit		5	(4)	(15)	3	(6)	(4)	6	(9)	(11)	(13)	26
Net income (loss)										30	(88)	(303)
Less: Income attributable to noncontrolling interest		(1)	(2)	(1)	(1)		(1)	(1)	(1)	(5)	(3)	(5)
Net income (loss) attributable to Warner Music Group Corp.		$ (4)	$ (9)	$ 11	$ 27	$ (23)	$ (44)	$ 18	$ (42)	25	(91)	(308)
Eliminations
Condensed Income Statements Captions [Line Items]
Revenues										(309)	(254)	(275)
Costs and expenses:
Cost of revenue										188	143	158
Selling, general and administrative expenses										121	110	117
Total costs and expenses										309	253	275
Operating income											(1)
Interest income (expense), net										1
Equity gains (losses) from consolidated subsidiaries										(236)	32	(33)
Income (loss) before income taxes										(235)	31	(33)
Income tax (expense) benefit										19	29	(17)
Net income (loss)										(216)	60	(50)
Net income (loss) attributable to Warner Music Group Corp.										(216)	60	(50)
Eliminations
Costs and expenses:
Equity gains (losses) from consolidated subsidiaries										(78)	160	594
Income (loss) before income taxes										(78)	160	594
Net income (loss)										(78)	160	594
Net income (loss) attributable to Warner Music Group Corp.										(78)	160	594
WMG Acquisition Corp.
Costs and expenses:
Loss on extinguishment of debt	$ 4
WMG Acquisition Corp. | Reportable Legal Entities
Costs and expenses:
Selling, general and administrative expenses											1	(1)
Total costs and expenses											1	(1)
Operating income											1	(1)
Loss on extinguishment of debt										(4)		(141)
Interest income (expense), net										(84)	(82)	(102)
Equity gains (losses) from consolidated subsidiaries										162	35	(80)
Other income (expense), net										(10)	(10)	12
Income (loss) before income taxes										64	(56)	(312)
Income tax (expense) benefit										(11)	(13)	26
Net income (loss)										53	(69)	(286)
Net income (loss) attributable to Warner Music Group Corp.										53	(69)	(286)
Guarantor Subsidiaries | Reportable Legal Entities
Condensed Income Statements Captions [Line Items]
Revenues										1,668	1,632	1,498
Costs and expenses:
Cost of revenue										(703)	(788)	(639)
Selling, general and administrative expenses										(739)	(675)	(633)
Amortization expense										(118)	(122)	(120)
Total costs and expenses										(1,560)	(1,585)	(1,392)
Operating income										108	47	106
Interest income (expense), net										3	6	9
Equity gains (losses) from consolidated subsidiaries										74	(67)	113
Other income (expense), net										2	1	(18)
Income (loss) before income taxes										187	(13)	210
Income tax (expense) benefit										(20)	(29)	(9)
Net income (loss)										167	(42)	201
Less: Income attributable to noncontrolling interest										(1)	(1)	(1)
Net income (loss) attributable to Warner Music Group Corp.										166	(43)	200
Non-Guarantor Subsidiaries | Reportable Legal Entities
Condensed Income Statements Captions [Line Items]
Revenues										1,887	1,588	1,804
Costs and expenses:
Cost of revenue										(1,192)	(866)	(1,089)
Selling, general and administrative expenses										(464)	(509)	(655)
Amortization expense										(125)	(133)	(146)
Total costs and expenses										(1,781)	(1,508)	(1,890)
Operating income										106	80	(86)
Interest income (expense), net										(79)	(83)	(88)
Other income (expense), net										26	(12)	2
Income (loss) before income taxes										53	(15)	(172)
Income tax (expense) benefit										1		26
Net income (loss)										54	(15)	(146)
Less: Income attributable to noncontrolling interest										(4)	(2)	(4)
Net income (loss) attributable to Warner Music Group Corp.										50	(17)	(150)
WMG Acquisition Corp. Consolidated | Reportable Legal Entities
Condensed Income Statements Captions [Line Items]
Revenues										3,246	2,966	3,027
Costs and expenses:
Cost of revenue										(1,707)	(1,511)	(1,570)
Selling, general and administrative expenses										(1,082)	(1,073)	(1,172)
Amortization expense										(243)	(255)	(266)
Total costs and expenses										(3,032)	(2,839)	(3,008)
Operating income										214	127	19
Loss on extinguishment of debt										(4)		(141)
Interest income (expense), net										(159)	(159)	(181)
Other income (expense), net										18	(21)	(4)
Income (loss) before income taxes										69	(53)	(307)
Income tax (expense) benefit										(11)	(13)	26
Net income (loss)										58	(66)	(281)
Less: Income attributable to noncontrolling interest										(5)	(3)	(5)
Net income (loss) attributable to Warner Music Group Corp.										53	(69)	(286)
WMG Holdings Corp. | Reportable Legal Entities
Costs and expenses:
Loss on extinguishment of debt										(14)
Interest income (expense), net										(14)	(22)	(22)
Equity gains (losses) from consolidated subsidiaries										53	(69)	(286)
Income (loss) before income taxes										25	(91)	(308)
Net income (loss)										25	(91)	(308)
Net income (loss) attributable to Warner Music Group Corp.										25	(91)	(308)
Warner Music Group Corp. | Reportable Legal Entities
Costs and expenses:
Equity gains (losses) from consolidated subsidiaries										25	(91)	(308)
Income (loss) before income taxes										25	(91)	(308)
Net income (loss)										25	(91)	(308)
Net income (loss) attributable to Warner Music Group Corp.										$ 25	$ (91)	$ (308)

Guarantor and Non-Guarantor S90

Guarantor and Non-Guarantor Subsidiaries Financial Information - Consolidating Statement of Comprehensive Income (Detail) - USD ($) $ in Millions	12 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2014
Condensed Statement Of Income Captions [Line Items]
Net (loss) income	$ 30	$ (88)	$ (303)
Other comprehensive income (loss), net of tax:
Foreign currency adjustment	(44)	(59)	(41)
Minimum pension liability	(7)		(6)
Other comprehensive income (loss), net of tax	(51)	(59)	(47)
Total comprehensive (loss) income	(21)	(147)	(350)
Less: Income attributable to noncontrolling interest	(5)	(3)	(5)
Comprehensive (loss) income attributable to Warner Music Group Corp.	(26)	(150)	(355)
Eliminations
Condensed Statement Of Income Captions [Line Items]
Net (loss) income	(216)	60	(50)
Other comprehensive income (loss), net of tax:
Foreign currency adjustment	44	59	41
Minimum pension liability	7		6
Deferred (loss) gain on derivative financial instruments	1
Other comprehensive income (loss), net of tax	52	59	47
Total comprehensive (loss) income	(164)	119	(3)
Comprehensive (loss) income attributable to Warner Music Group Corp.	(164)	119	(3)
Eliminations
Condensed Statement Of Income Captions [Line Items]
Net (loss) income	(78)	160	594
Other comprehensive income (loss), net of tax:
Foreign currency adjustment	88	118	82
Minimum pension liability	14		12
Other comprehensive income (loss), net of tax	102	118	94
Total comprehensive (loss) income	24	278	688
Comprehensive (loss) income attributable to Warner Music Group Corp.	24	278	688
WMG Acquisition Corp. | Reportable Legal Entities
Condensed Statement Of Income Captions [Line Items]
Net (loss) income	53	(69)	(286)
Other comprehensive income (loss), net of tax:
Foreign currency adjustment	(44)	(59)	(41)
Minimum pension liability	(7)		(6)
Other comprehensive income (loss), net of tax	(51)	(59)	(47)
Total comprehensive (loss) income	2	(128)	(333)
Comprehensive (loss) income attributable to Warner Music Group Corp.	2	(128)	(333)
Guarantor Subsidiaries | Reportable Legal Entities
Condensed Statement Of Income Captions [Line Items]
Net (loss) income	167	(42)	201
Other comprehensive income (loss), net of tax:
Deferred (loss) gain on derivative financial instruments	(1)
Other comprehensive income (loss), net of tax	(1)
Total comprehensive (loss) income	166	(42)	201
Less: Income attributable to noncontrolling interest	(1)	(1)	(1)
Comprehensive (loss) income attributable to Warner Music Group Corp.	165	(43)	200
Non-Guarantor Subsidiaries | Reportable Legal Entities
Condensed Statement Of Income Captions [Line Items]
Net (loss) income	54	(15)	(146)
Other comprehensive income (loss), net of tax:
Foreign currency adjustment	(44)	(59)	(41)
Minimum pension liability	(7)		(6)
Other comprehensive income (loss), net of tax	(51)	(59)	(47)
Total comprehensive (loss) income	3	(74)	(193)
Less: Income attributable to noncontrolling interest	(4)	(2)	(4)
Comprehensive (loss) income attributable to Warner Music Group Corp.	(1)	(76)	(197)
WMG Acquisition Corp. Consolidated | Reportable Legal Entities
Condensed Statement Of Income Captions [Line Items]
Net (loss) income	58	(66)	(281)
Other comprehensive income (loss), net of tax:
Foreign currency adjustment	(44)	(59)	(41)
Minimum pension liability	(7)		(6)
Other comprehensive income (loss), net of tax	(51)	(59)	(47)
Total comprehensive (loss) income	7	(125)	(328)
Less: Income attributable to noncontrolling interest	(5)	(3)	(5)
Comprehensive (loss) income attributable to Warner Music Group Corp.	2	(128)	(333)
WMG Holdings Corp. | Reportable Legal Entities
Condensed Statement Of Income Captions [Line Items]
Net (loss) income	25	(91)	(308)
Other comprehensive income (loss), net of tax:
Foreign currency adjustment	(44)	(59)	(41)
Minimum pension liability	(7)		(6)
Other comprehensive income (loss), net of tax	(51)	(59)	(47)
Total comprehensive (loss) income	(26)	(150)	(355)
Comprehensive (loss) income attributable to Warner Music Group Corp.	(26)	(150)	(355)
Warner Music Group Corp. | Reportable Legal Entities
Condensed Statement Of Income Captions [Line Items]
Net (loss) income	25	(91)	(308)
Other comprehensive income (loss), net of tax:
Foreign currency adjustment	(44)	(59)	(41)
Minimum pension liability	(7)		(6)
Other comprehensive income (loss), net of tax	(51)	(59)	(47)
Total comprehensive (loss) income	(26)	(150)	(355)
Comprehensive (loss) income attributable to Warner Music Group Corp.	$ (26)	$ (150)	$ (355)

Guarantor and Non-Guarantor S91

Guarantor and Non-Guarantor Subsidiaries Financial Information - Consolidating Statement of Cash Flows (Detail) - USD ($) $ in Millions	Jul. 27, 2016	Jul. 02, 2016	Feb. 16, 2016	Sep. 30, 2016	Mar. 31, 2016	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2014
Cash flows from operating activities
Net (loss) income						$ 30	$ (88)	$ (303)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation and amortization						293	309	321
Unrealized gains/losses and remeasurement of foreign denominated loans							28	(39)
Deferred income taxes						(26)	(11)	(55)
Loss on extinguishment of debt				$ 14	$ 4	18		141
Net gain on divestitures						(9)		(2)
Gain on sale of real estate						(24)
Non-cash interest expense						11	11	13
Non-cash share-based compensation expense						23	3	8
Gain on sale of assets								(2)
Changes in operating assets and liabilities:
Accounts receivable						17	6	72
Inventories							(6)	(7)
Royalty advances						(13)	(46)	(32)
Accounts payable and accrued liabilities						23	(17)	(87)
Royalty payables						49	27	25
Accrued interest						(20)	(2)	(15)
Deferred revenue						(35)	12	95
Other balance sheet changes						5	(4)	(5)
Net cash provided by operating activities						342	222	130
Cash flows from investing activities
Acquisition of music publishing rights, net						(25)	(16)	(26)
Capital expenditures						(42)	(63)	(76)
Investments and acquisitions of businesses, net						(28)	(16)	(53)
Divestitures, net of cash on hand						45
Proceeds from the sale of real estate						42
Net cash used in investing activities						(8)	(95)	(155)
Cash flows from financing activities
Proceeds from the Revolving Credit Facility							258	600
Repayment of the Revolving Credit Facility							(258)	(600)
Repayment of Acquisition Corp. Senior Term Loan Facility						(309)	(13)	(10)
Financing costs paid						(10)		(104)
Deferred financing costs paid						(4)		(13)
Distribution to noncontrolling interest holder						(5)	(3)	(3)
Repayment of capital lease obligations						(14)	(3)	(3)
Net cash used in financing activities						(216)	(19)	37
Effect of exchange rate changes on cash and equivalents						(5)	(19)	(10)
Net increase in cash and equivalents						113	89	2
Cash and equivalents at beginning of period						246	157	155
Cash and equivalents at end of period				359		359	246	157
Eliminations
Cash flows from operating activities
Net (loss) income						(216)	60	(50)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Equity losses (gains), including distributions						236	(32)	33
Changes in operating assets and liabilities:
Accounts payable and accrued liabilities						(20)	(28)
Other balance sheet changes								15
Net cash provided by operating activities								(2)
Cash flows from investing activities
Advance to Issuer						(329)	(110)	(58)
Net cash used in investing activities						(329)	(110)	(58)
Cash flows from financing activities
Change in due to (from) issuer						329	110	60
Net cash used in financing activities						329	110	60
Eliminations
Cash flows from operating activities
Net (loss) income						(78)	160	594
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Equity losses (gains), including distributions						78	(160)	(594)
5.00% Senior Secured Notes
Cash flows from financing activities
Proceeds from issuance of Acquisition Corp						300
13.75% Senior Notes due 2019
Cash flows from financing activities
Repayment of Senior Notes						(150)
6.750% Senior Notes
Cash flows from financing activities
Repayment of Senior Notes						(24)
Proceeds from issuance of Acquisition Corp Senior Notes								660
5.625% Senior Secured Notes
Cash flows from financing activities
Proceeds from issuance of Acquisition Corp								275
11.5% Senior Notes
Cash flows from financing activities
Repayment of Senior Notes								(765)
Repayment of Acquisition Corp. Senior Notes								(765)
WMG Acquisition Corp.
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Loss on extinguishment of debt	$ (4)
WMG Acquisition Corp. | Reportable Legal Entities
Cash flows from operating activities
Net (loss) income						53	(69)	(286)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation and amortization							(1)
Unrealized gains/losses and remeasurement of foreign denominated loans							21	(12)
Loss on extinguishment of debt						4		141
Non-cash interest expense						10	10	12
Equity losses (gains), including distributions						(162)	(35)	80
Changes in operating assets and liabilities:
Accrued interest						(10)	(2)	(15)
Other balance sheet changes						(4)
Net cash provided by operating activities						(109)	(76)	(80)
Cash flows from investing activities
Advance to Issuer						329	110	58
Net cash used in investing activities						329	110	58
Cash flows from financing activities
Dividend by Acquisition Corp. to Holdings Corp.						(183)	(21)	(21)
Proceeds from the Revolving Credit Facility							258	600
Repayment of the Revolving Credit Facility							(258)	(600)
Repayment of Acquisition Corp. Senior Term Loan Facility						(309)	(13)	(10)
Financing costs paid								(104)
Deferred financing costs paid						(4)		(13)
Net cash used in financing activities						(220)	(34)	22
WMG Acquisition Corp. | 5.00% Senior Secured Notes | Reportable Legal Entities
Cash flows from financing activities
Proceeds from issuance of Acquisition Corp						300
WMG Acquisition Corp. | 6.750% Senior Notes | Reportable Legal Entities
Cash flows from financing activities
Repayment of Senior Notes						(24)
Proceeds from issuance of Acquisition Corp Senior Notes								660
WMG Acquisition Corp. | 5.625% Senior Secured Notes | Reportable Legal Entities
Cash flows from financing activities
Proceeds from issuance of Acquisition Corp								275
WMG Acquisition Corp. | 11.5% Senior Notes | Reportable Legal Entities
Cash flows from financing activities
Repayment of Acquisition Corp. Senior Notes								(765)
Guarantor Subsidiaries | Reportable Legal Entities
Cash flows from operating activities
Net (loss) income						167	(42)	201
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation and amortization						156	162	160
Unrealized gains/losses and remeasurement of foreign denominated loans							55	(23)
Net gain on divestitures						(3)
Non-cash share-based compensation expense						23	3	8
Equity losses (gains), including distributions						(74)	67	(113)
Gain on sale of assets								(2)
Changes in operating assets and liabilities:
Accounts receivable						(7)	4	10
Inventories							(1)	(3)
Royalty advances						1	(23)	(9)
Accounts payable and accrued liabilities						142	26	(162)
Royalty payables						93	(19)	(38)
Deferred revenue						(4)	(9)	107
Other balance sheet changes						(10)	3	2
Net cash provided by operating activities						484	226	138
Cash flows from investing activities
Acquisition of music publishing rights, net						(16)	(9)	(16)
Capital expenditures						(30)	(48)	(53)
Investments and acquisitions of businesses, net						(10)	(11)	2
Divestitures, net of cash on hand						8
Net cash used in investing activities						(48)	(68)	(67)
Cash flows from financing activities
Distribution to noncontrolling interest holder							(1)	(1)
Change in due to (from) issuer						(329)	(110)	(60)
Net cash used in financing activities						(329)	(111)	(61)
Net increase in cash and equivalents						107	47	10
Cash and equivalents at beginning of period						73	26	16
Cash and equivalents at end of period				180		180	73	26
Non-Guarantor Subsidiaries | Reportable Legal Entities
Cash flows from operating activities
Net (loss) income						54	(15)	(146)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation and amortization						137	148	161
Unrealized gains/losses and remeasurement of foreign denominated loans							(48)	(4)
Deferred income taxes						(26)	(11)	(55)
Net gain on divestitures						(6)
Gain on sale of real estate						(24)
Changes in operating assets and liabilities:
Accounts receivable						24	2	62
Inventories							(5)	(4)
Royalty advances						(14)	(23)	(23)
Accounts payable and accrued liabilities						(99)	(15)	75
Royalty payables						(44)	46	63
Deferred revenue						(31)	21	(12)
Other balance sheet changes						19	(7)	(22)
Net cash provided by operating activities						(10)	93	95
Cash flows from investing activities
Acquisition of music publishing rights, net						(9)	(7)	(10)
Capital expenditures						(12)	(15)	(23)
Investments and acquisitions of businesses, net						(18)	(5)	(55)
Divestitures, net of cash on hand						37
Proceeds from the sale of real estate						42
Net cash used in investing activities						40	(27)	(88)
Cash flows from financing activities
Distribution to noncontrolling interest holder						(5)	(2)	(2)
Repayment of capital lease obligations						(14)	(3)	(3)
Net cash used in financing activities						(19)	(5)	(5)
Effect of exchange rate changes on cash and equivalents						(5)	(19)	(10)
Net increase in cash and equivalents						6	42	(8)
Cash and equivalents at beginning of period						173	131	139
Cash and equivalents at end of period				179		179	173	131
WMG Acquisition Corp. Consolidated | Reportable Legal Entities
Cash flows from operating activities
Net (loss) income						58	(66)	(281)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation and amortization						293	309	321
Unrealized gains/losses and remeasurement of foreign denominated loans							28	(39)
Deferred income taxes						(26)	(11)	(55)
Loss on extinguishment of debt						4		141
Net gain on divestitures						(9)
Gain on sale of real estate						(24)
Non-cash interest expense						10	10	12
Non-cash share-based compensation expense						23	3	8
Gain on sale of assets								(2)
Changes in operating assets and liabilities:
Accounts receivable						17	6	72
Inventories							(6)	(7)
Royalty advances						(13)	(46)	(32)
Accounts payable and accrued liabilities						23	(17)	(87)
Royalty payables						49	27	25
Accrued interest						(10)	(2)	(15)
Deferred revenue						(35)	12	95
Other balance sheet changes						5	(4)	(5)
Net cash provided by operating activities						365	243	151
Cash flows from investing activities
Acquisition of music publishing rights, net						(25)	(16)	(26)
Capital expenditures						(42)	(63)	(76)
Investments and acquisitions of businesses, net						(28)	(16)	(53)
Divestitures, net of cash on hand						45
Proceeds from the sale of real estate						42
Net cash used in investing activities						(8)	(95)	(155)
Cash flows from financing activities
Dividend by Acquisition Corp. to Holdings Corp.						(183)	(21)	(21)
Proceeds from the Revolving Credit Facility							258	600
Repayment of the Revolving Credit Facility							(258)	(600)
Repayment of Acquisition Corp. Senior Term Loan Facility						(309)	(13)	(10)
Financing costs paid								(104)
Deferred financing costs paid						(4)		(13)
Distribution to noncontrolling interest holder						(5)	(3)	(3)
Repayment of capital lease obligations						(14)	(3)	(3)
Net cash used in financing activities						(239)	(40)	16
Effect of exchange rate changes on cash and equivalents						(5)	(19)	(10)
Net increase in cash and equivalents						113	89	2
Cash and equivalents at beginning of period						246	157	155
Cash and equivalents at end of period				$ 359		359	246	157
WMG Acquisition Corp. Consolidated | 5.00% Senior Secured Notes | Reportable Legal Entities
Cash flows from financing activities
Proceeds from issuance of Acquisition Corp						300
WMG Acquisition Corp. Consolidated | 6.750% Senior Notes | Reportable Legal Entities
Cash flows from financing activities
Repayment of Senior Notes						(24)
Proceeds from issuance of Acquisition Corp Senior Notes								660
WMG Acquisition Corp. Consolidated | 5.625% Senior Secured Notes | Reportable Legal Entities
Cash flows from financing activities
Proceeds from issuance of Acquisition Corp								275
WMG Acquisition Corp. Consolidated | 11.5% Senior Notes | Reportable Legal Entities
Cash flows from financing activities
Repayment of Acquisition Corp. Senior Notes								(765)
WMG Holdings Corp. | Reportable Legal Entities
Cash flows from operating activities
Net (loss) income						25	(91)	(308)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Loss on extinguishment of debt						14
Non-cash interest expense						1	1	1
Equity losses (gains), including distributions						(53)	69	286
Changes in operating assets and liabilities:
Accrued interest						(10)
Net cash provided by operating activities						(23)	(21)	(21)
Cash flows from financing activities
Dividend by Acquisition Corp. to Holdings Corp.						183	21	21
Financing costs paid						(10)
Net cash used in financing activities						23	21	21
WMG Holdings Corp. | 13.75% Senior Notes due 2019
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Loss on extinguishment of debt		$ 10	$ 5
Cash flows from financing activities
Repayment of Senior Notes		$ (100)	$ (50)
WMG Holdings Corp. | 13.75% Senior Notes due 2019 | Reportable Legal Entities
Cash flows from financing activities
Repayment of Senior Notes						(150)
Warner Music Group Corp. | Reportable Legal Entities
Cash flows from operating activities
Net (loss) income						25	(91)	(308)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Equity losses (gains), including distributions						$ (25)	$ 91	$ 308

Guarantor And Non-Guarantor S92

Guarantor And Non-Guarantor Subsidiaries Financial Information - Consolidating Statement of Cash Flows (Parenthetical) (Detail)	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2014
5.00% Senior Secured Notes
Condensed Cash Flow Statements Captions [Line Items]
Interest rate	5.00%	5.00%	5.00%
5.625% Senior Secured Notes
Condensed Cash Flow Statements Captions [Line Items]
Interest rate		5.625%	5.625%
13.75% Senior Notes due 2019
Condensed Cash Flow Statements Captions [Line Items]
Interest rate	13.75%	13.75%	13.75%
6.750% Senior Notes
Condensed Cash Flow Statements Captions [Line Items]
Interest rate	6.75%	6.75%	6.75%
11.5% Senior Unsecured Notes
Condensed Cash Flow Statements Captions [Line Items]
Interest rate	11.50%	11.50%	11.50%

Valuation and Qualifying Accoun

Valuation and Qualifying Accounts (Detail) - USD ($) $ in Millions		12 Months Ended
		Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2014
Allowance for Doubtful Accounts
Valuation And Qualifying Accounts Disclosure [Line Items]
Balance at Beginning of Period		$ 12	$ 11	$ 2
Additions Charged to Cost and Expenses		6	7	2
Deductions			(6)
Other	[1]	1		7
Balance at End of period		19	12	11
Reserves for Sales Returns
Valuation And Qualifying Accounts Disclosure [Line Items]
Balance at Beginning of Period		44	54	53
Additions Charged to Cost and Expenses		131	161	194
Deductions		(142)	(171)	(193)
Balance at End of period		33	44	54
Allowance for Deferred Tax Asset
Valuation And Qualifying Accounts Disclosure [Line Items]
Balance at Beginning of Period		344	394	296
Additions Charged to Cost and Expenses		27	34	101
Deductions		(61)	(84)	(3)
Balance at End of period		$ 310	$ 344	$ 394
[1]	Other changes due to acquisitions and dispositions.