Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets

v2.4.0.8
Intangible Assets
6 Months Ended
Jun. 30, 2013
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets
Intangible Assets
Goodwill
Changes in the carrying amount of goodwill are as follows:
 
QVC
 
E-commerce
 
TripAdvisor
 
Total
 
amounts in millions
Balance at January 1, 2013
$
5,349

 
558

 
3,649

 
9,556

Foreign currency translation adjustments
(64
)
 

 
(3
)
 
(67
)
Acquisitions (1)

 
(9
)
 
41

 
32

Balance at June 30, 2013
$
5,285

 
549

 
3,687

 
9,521


(1)
The $41 million increase to TripAdvisor goodwill during the period is primarily attributable to certain acquisitions made by TripAdvisor during the six months ended June 30, 2013 and to a lesser extent certain purchase price allocation adjustments recorded in connection with our acquisition of a controlling interest in TripAdvisor during December 2012.





Intangible Assets Subject to Amortization
Amortization expense for intangible assets with finite useful lives was $196 million and $388 million for the three and six months ended June 30, 2013, respectively, and $109 million and $217 million for the three and six months ended June 30, 2012, respectively. Based on its amortizable intangible assets as of June 30, 2013, Liberty expects that amortization expense will be as follows for the next five years (amounts in millions):
Remainder of 2013
$
390

2014
$
706

2015
$
611

2016
$
490

2017
$
348