Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets

v2.4.0.6
Intangible Assets
 6 Months Ended
Jun. 30, 2012
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets
Intangible Assets
Goodwill
Changes in the carrying amount of goodwill are as follows:
 
QVC
 
E-commerce
 
Total
 
amounts in millions
Balance at January 1, 2012
$
5,354

 
624

 
5,978

Foreign currency translation adjustments
(26
)
 
—

 
(26
)
Acquisitions
16

 
17

 
33

Balance at June 30, 2012
$
5,344

 
641

 
5,985


Intangible Assets Subject to Amortization
Amortization expense for intangible assets with finite useful lives was $217 million and $221 million for the six month periods ended June 30, 2012 and 2011, respectively. Based on its amortizable intangible assets as of June 30, 2012, Liberty expects that amortization expense will be as follows for the next five years (amounts in millions):
Remainder of 2012
$
233

2013
$
436

2014
$
408

2015
$
366

2016
$
333