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)

9 Months Ended

Sep. 30, 2016

Goodwill and Intangible Assets Disclosure [Abstract]

Changes In The Carrying Amount Of Goodwill


				Corporate and
	QVC		zulily	Other	Total
	amounts in millions
Balance at January 1, 2016	$	5,149	860	103	6,112
Acquisition (1)		—	57	—	57
Foreign currency translation adjustments		35	—	—	35
Disposition (2)		—	—	(21)	(21)
Other		—	—	1	1
Balance at September 30, 2016	$	5,184	917	83	6,184

(1)

As discussed in note 2, subsequent to December 31, 2015, the preliminary purchase price allocation for the zulily acquisition was adjusted, resulting in a $57 million increase to goodwill.

(2)

As discussed in note 2, Liberty completed the Spin-Off of CommerceHub on July 22, 2016, resulting in a $21 million decrease to goodwill.

Amortization Expense For The Next Five Fiscal Years

Based on its amortizable intangible assets as of September 30, 2016, Liberty expects that amortization expense will be as follows for the next five years (amounts in millions):


Remainder of 2016	$	154
2017	$	513
2018	$	247
2019	$	98
2020	$	60