Quarterly report pursuant to Section 13 or 15(d)

Other Intangible Assets, Net

v3.7.0.1
Other Intangible Assets, Net
 6 Months Ended
Jun. 30, 2017
Other Intangible Assets [Abstract]  
Intangible assets disclosure
Other Intangible Assets, Net
Other intangible assets consisted of the following:
 
June 30, 2017
 
December 31, 2016
 
(in millions)
Gross
cost

Accumulated
amortization

Other intangible assets, net

Gross
cost

Accumulated
amortization

Other intangible assets, net

Purchased and internally developed software
$
680

(515
)
165

646

(466
)
180

Affiliate and customer relationships
2,409

(2,371
)
38

2,397

(2,274
)
123

Debt origination fees
8

(2
)
6

8

(1
)
7

Trademarks (indefinite life)
2,428

—

2,428

2,428

—

2,428


$
5,525

(2,888
)
2,637

5,479

(2,741
)
2,738


The Company recorded amortization expense of $65 million and $66 million for the three months ended June 30, 2017 and 2016, respectively, related to other intangible assets. For the six months ended June 30, 2017 and 2016, amortization expense for other intangible assets was $131 million and $133 million, respectively.
As of June 30, 2017, the related amortization and interest expense for each of the next five years ended December 31 was as follows (in millions):
Remainder of 2017
$
78

2018
78

2019
41

2020
11

2021
1

The decrease in future amortization expense in 2018 is primarily due to the end of the useful lives of the affiliate and customer relationships in place at the time of Liberty's acquisition of QVC in 2003.