QVC Group, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets (Tables)

Intangible Assets (Tables)

3 Months Ended

Mar. 31, 2018

Goodwill and Intangible Assets Disclosure [Abstract]

Changes In The Carrying Amount Of Goodwill


					Corporate and
	QVC		HSN	zulily	Other	Total
	amounts in millions
Balance at January 1, 2018	$	5,190	933	917	42	7,082
Foreign currency translation adjustments		35	—	—	—	35
Disposition (1)		—	—	—	(25)	(25)
Other (2)		—	2	—	—	2
Balance at March 31, 2018	$	5,225	935	917	17	7,094

(1)

As a result of the GCI Liberty Split-Off on March 9, 2018, the Company disposed of its wholly-owned subsidiary Evite, resulting in a $25 million decrease to goodwill.

(2)

As discussed in note 3, the preliminary purchase price allocation for the HSNi acquisition was adjusted, resulting in a $2 million increase to goodwill.

Amortization Expense For The Next Five Fiscal Years

. Based on its amortizable intangible assets as of March 31, 2018, Qurate Retail expects that amortization expense will be as follows for the next five years (amounts in millions):


Remainder of 2018	$	292
2019	$	244
2020	$	174
2021	$	132
2022	$	78