Annual report pursuant to Section 13 and 15(d)

Intangible Assets (Tables)

v3.3.1.900
Intangible Assets (Tables)
 12 Months Ended
Dec. 31, 2015
Goodwill and Intangible Assets Disclosure [Abstract]  
Changes In The Carrying Amount Of Goodwill

 

 

 

 

 

 

 

 

 

 

 

 

    

QVC

 

zulily

    

Corporate and Other

    

Total

 

 

 

amounts in millions

 

Balance at January 1, 2014

 

$
5,312

 

 —

 
560

 
5,872

 

Impairments

 

 

 —

 

 —

 
(7)

 
(7)

 

Sale of subsidiary

 

 

 —

 

 —

 
(352)

 
(352)

 

Foreign currency translation adjustments

 

 
(106)

 

 —

 

 —

 
(106)

 

Other

 

 

 —

 

 —

 
(3)

 
(3)

 

Balance at December 31, 2014

 

$
5,206

 

 —

 
198

 
5,404

 

Acquisitions

 

 

 —

 
860

 
10

 
870

 

Sale of subsidiary

 

 

 —

 

 —

 
(105)

 
(105)

 

Foreign currency translation adjustments

 

 
(57)

 

 —

 

 —

 
(57)

 

Balance at December 31, 2015

 

$
5,149

 
860

 
103

 
6,112

 

 

Schedule of Intangible assets subject to amortization

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2015

 

December 31, 2014

 

 

    

Gross

    

    

    

Net

    

Gross

    

    

    

Net

 

 

 

carrying

 

Accumulated

 

carrying

 

carrying

 

Accumulated

 

carrying

 

 

 

amount

 

amortization

 

amount

 

amount

 

amortization

 

amount

 

 

 

amounts in millions

 

Television distribution rights

 

$
2,259

 
(1,920)

 
339

 
2,308

 
(1,847)

 
461

 

Customer relationships

 

 
2,950

 
(2,141)

 
809

 
2,488

 
(2,015)

 
473

 

Other

 

 
1,077

 
(578)

 
499

 
735

 
(484)

 
251

 

Total

 

$
6,286

 
(4,639)

 
1,647

 
5,531

 
(4,346)

 
1,185

 

 

Amortization Expense For The Next Five Fiscal Years

Based on its amortizable intangible assets as of December 31, 2015, Liberty expects that amortization expense will be as follows for the next five years (amounts in millions):

 

 

 

 

 

 

2016

    

$
709

 

2017

 

$
506

 

2018

 

$
228

 

2019

 

$
97

 

2020

 

$
69