Annual report pursuant to Section 13 and 15(d)

Goodwill and Other Intangible Assets (Tables)

v2.4.1.9
Goodwill and Other Intangible Assets (Tables)
 12 Months Ended
Dec. 31, 2014
Goodwill and Intangible Assets Disclosure [Abstract]  
Changes In The Carrying Amount Of Goodwill

 

 

 

 

 

 

 

 

 

 

    

QVC

    

Digital Commerce

    

Total

 

 

 

amounts in millions

 

Balance at January 1, 2013

 

$
5,349 

 
558 

 
5,907 

 

Foreign currency translation adjustments

 

 
(37)

 

—

 
(37)

 

Acquisitions

 

 

—

 
7 

 
7 

 

Impairments

 

 

—

 
(5)

 
(5)

 

Balance at December 31, 2013

 

$
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 

 

 

Schedule of Intangible assets subject to amortization

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2014

 

December 31, 2013

 

 

    

Gross

    

    

    

Net

    

Gross

    

    

    

Net

 

 

 

carrying

 

Accumulated

 

carrying

 

carrying

 

Accumulated

 

carrying

 

 

 

amount

 

amortization

 

amount

 

amount

 

amortization

 

amount

 

 

 

amounts in millions

 

Television distribution rights

 

$
2,308 

 
(1,847)

 
461 

 
2,324 

 
(1,700)

 
624 

 

Customer relationships

 

 
2,488 

 
(2,015)

 
473 

 
2,620 

 
(1,940)

 
680 

 

Other

 

 
735 

 
(484)

 
251 

 
804 

 
(521)

 
283 

 

Total

 

$
5,531 

 
(4,346)

 
1,185 

 
5,748 

 
(4,161)

 
1,587 

 

 

Amortization Expense For The Next Five Fiscal Years

Based on its amortizable intangible assets as of December 31, 2014, Liberty expects that amortization expense will be as follows for the next five years (amounts in millions):

 

 

 

 

 

 

2015

    

$
470 

 

2016

 

$
421 

 

2017

 

$
262 

 

2018

 

$
10 

 

2019

 

$
7