Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets

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Intangible Assets
9 Months Ended
Sep. 30, 2017
Goodwill and Intangible Assets Disclosure [Abstract]  
Other Intangible Assets

(9)   Intangible Assets

Goodwill

Changes in the carrying amount of goodwill are as follows:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Corporate and

 

 

 

 

    

QVC

 

zulily

    

Other

    

Total

 

 

 

amounts in millions

 

Balance at January 1, 2017

 

$

5,110

 

917

 

25

 

6,052

 

Foreign currency translation adjustments

 

 

71

 

 —

 

 —

 

71

 

Balance at September 30, 2017

 

$

5,181

 

917

 

25

 

6,123

 

 

Intangible Assets Subject to Amortization

Amortization expense for intangible assets with finite useful lives was $137 million and $181 million for the three months ended September 30, 2017 and 2016, respectively, and $462 million and $538 million for the nine months ended September 30, 2017 and 2016, respectively. Based on its amortizable intangible assets as of September 30, 2017, Liberty expects that amortization expense will be as follows for the next five years (amounts in millions):

 

 

 

 

 

 

Remainder of 2017

    

$

80

 

2018

 

$

283

 

2019

 

$

142

 

2020

 

$

74

 

2021

 

$

54