v3.5.0.2
Income Taxes (Tables)
|
12 Months Ended |
|
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 |
) |
|
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 |
|
|
X |
- DefinitionTabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years.
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X |
- DefinitionTabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets.
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X |
- DefinitionTabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.
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X |
- DefinitionTabular disclosure of income before income tax between domestic and foreign jurisdictions.
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X |
- DefinitionTabular disclosure of the change in unrecognized tax benefits.
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