Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets

v3.3.0.814
Intangible Assets
9 Months Ended
Sep. 30, 2015
Intangible Assets Disclosure [Abstract]  
Other Intangible Assets

(9)   Intangible Assets

Goodwill

Changes in the carrying amount of goodwill are as follows:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Digital

 

 

 

 

    

QVC

    

Commerce

    

Total

 

 

 

amounts in millions

 

Balance at January 1, 2015

 

$

5,206

 

198

 

5,404

 

Foreign currency translation adjustments

 

 

(41)

 

 —

 

(41)

 

Disposition (1)

 

 

 —

 

(105)

 

(105)

 

Other

 

 

 —

 

9

 

9

 

Balance at September 30, 2015

 

$

5,165

 

102

 

5,267

 


(1)

As discussed in note 3, Liberty sold Backcountry on June 30, 2015.  Accordingly, the carrying amount of goodwill related to Backcountry was reduced to zero.

 

Intangible Assets Subject to Amortization

Amortization expense for intangible assets with finite useful lives was $115 million and $125 million for the three months ended September 30, 2015 and 2014, respectively, and $367 million and $374 million for the nine months ended September 30,    2015 and 2014, respectively. Based on its amortizable intangible assets as of September 30, 2015, Liberty expects that amortization expense will be as follows for the next five years (amounts in millions):

 

 

 

 

 

 

Remainder of 2015

    

$

102

 

2016

 

$

447

 

2017

 

$

296

 

2018

 

$

39

 

2019

 

$

13