Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets

v3.22.1
Intangible Assets
3 Months Ended
Mar. 31, 2022
Intangible Assets  
Intangible Assets

(5)   Intangible Assets

Goodwill

Changes in the carrying amount of goodwill are as follows:

Corporate and

    

QxH

QVC Int'l

Zulily

    

Other

    

Total

 

amounts in millions

 

Balance at January 1, 2022

$

5,228

855

244

 

12

 

6,339

Foreign currency translation adjustments

 

(27)

 

 

(27)

Balance at March 31, 2022

$

5,228

828

244

 

12

 

6,312

Intangible Assets Subject to Amortization

Amortization expense for intangible assets with finite useful lives was $82 million for both of the three months ended March 31, 2022 and 2021, respectively. Based on its amortizable intangible assets as of March 31, 2022, Qurate Retail expects that amortization expense will be as follows for the next five years (amounts in millions):

Remainder of 2022

    

$

242

2023

$

208

2024

$

130

2025

$

58

2026

$

52