Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets

v3.23.1
Intangible Assets
3 Months Ended
Mar. 31, 2023
Intangible Assets  
Intangible Assets

(5)   Intangible Assets

Goodwill

Changes in the carrying amount of goodwill are as follows:

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Corporate and

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QxH

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QVC Int'l

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CBI

    

Other

    

Total

 

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amounts in millions

 

Balance at January 1, 2023

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$

2,693

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778

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12

 

18

 

3,501

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Foreign currency translation adjustments

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—

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11

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—

 

—

 

11

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Balance at March 31, 2023

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$

2,693

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789

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12

 

18

 

3,512

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Intangible Assets Subject to Amortization

Amortization expense for intangible assets with finite useful lives was $74 million and $82 million for the three months ended March 31, 2023 and 2022, respectively. Based on its amortizable intangible assets as of March 31, 2023, Qurate Retail expects that amortization expense will be as follows for the next five years (amounts in millions):

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Remainder of 2023

    

$

226

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2024

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$

235

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2025

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$

108

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2026

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$

76

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2027

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$

3

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