Annual report pursuant to Section 13 and 15(d)

Intangible Assets

v2.4.0.6
Intangible Assets
 12 Months Ended
Dec. 31, 2011
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets
Goodwill and Other Intangible Assets
Goodwill
Changes in the carrying amount of goodwill are as follows:
 
QVC
 
E-commerce
 
Total
 
amounts in millions
Balance at January 1, 2010
$
5,395

 
496

 
5,891

Acquisitions
—

 
116

 
116

Foreign currency translation adjustments
(23
)
 
—

 
(23
)
Other
(9
)
 
8

 
(1
)
Balance at December 31, 2010
$
5,363

 
620

 
5,983

Foreign currency translation adjustments
(9
)
 
—

 
(9
)
Acquisitions
—

 
4

 
4

Balance at December 31, 2011
$
5,354

 
624

 
5,978


Intangible Assets Subject to Amortization
Intangible assets subject to amortization are comprised of the following:
 
December 31, 2011
 
December 31, 2010
 
Gross
 
 
 
Net
 
Gross
 
 
 
Net
 
carrying
 
Accumulated
 
carrying
 
carrying
 
Accumulated
 
carrying
 
amount
 
amortization
 
amount
 
amount
 
amortization
 
amount
 
amounts in millions
Television distribution rights
$
2,305

 
(1,391
)
 
914

 
2,313

 
(1,233
)
 
1,080

Customer relationships
2,618

 
(1,535
)
 
1,083

 
2,597

 
(1,333
)
 
1,264

Other
600

 
(388
)
 
212

 
571

 
(320
)
 
251

Total
$
5,523

 
(3,314
)
 
2,209

 
5,481

 
(2,886
)
 
2,595


Amortization expense for intangible assets with finite useful lives was $490 million, $426 million and $422 million for the years ended December 31, 2011, 2010 and 2009, respectively. Based on its amortizable intangible assets as of December 31, 2011, Liberty expects that amortization expense will be as follows for the next five years (amounts in millions):
2012
$
451

2013
$
424

2014
$
394

2015
$
347

2016
$
336