º¬Ð߲ݴ«Ã½

Annual report pursuant to Section 13 and 15(d)

Goodwill and Other Intangible Assets (Tables)

v3.19.3.a.u2
Goodwill and Other Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2019
Goodwill and Other Intangible Assets Ìý
Schedule of changes in the carrying amount of goodwill

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ÌýÌýÌýÌý

QxH

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QVC International

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Zulily

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Corporate and Other

ÌýÌýÌýÌý

Total

Ìý

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​

amountsÌýinÌýmillions

Ìý

Balance at January 1, 2018

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$

5,238

​

885

​

917

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42

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7,082

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Foreign currency translation adjustments

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—

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(25)

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—

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—

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(25)

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Disposition (1)

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—

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—

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—

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(26)

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(26)

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Other (2)

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(10)

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—

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—

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(4)

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(14)

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Balance at December 31, 2018

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5,228

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860

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917

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12

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7,017

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Foreign currency translation adjustments

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—

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(1)

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—

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—

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(1)

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Impairment (3)

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—

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—

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(440)

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—

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(440)

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Balance at December 31, 2019

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$

5,228

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859

​

477

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12

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6,576

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(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 $26 million decrease to goodwill.
(2) As discussed in note 4, the preliminary purchase price allocation for the HSN acquisition was adjusted, resulting in a decrease to goodwill.
(3) See discussion of the 2019 impairment below.
Schedule of Intangible assets subject to amortization

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DecemberÌý31,Ìý2019

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DecemberÌý31,Ìý2018

Ìý

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ÌýÌýÌýÌý

Gross

ÌýÌýÌýÌý

ÌýÌýÌýÌý

ÌýÌýÌýÌý

Net

ÌýÌýÌýÌý

Gross

ÌýÌýÌýÌý

ÌýÌýÌýÌý

ÌýÌýÌýÌý

Net

Ìý

​

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carrying

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Accumulated

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carrying

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carrying

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Accumulated

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carrying

Ìý

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amount

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amortization

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amount

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amount

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amortization

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amount

Ìý

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amountsÌýinÌýmillions

Ìý

Television distribution rights

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$

764

Ìý

(624)

Ìý

140

Ìý

723

Ìý

(583)

Ìý

140

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Customer relationships

​

Ìý

3,319

Ìý

(2,891)

Ìý

428

Ìý

3,320

Ìý

(2,768)

Ìý

552

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Other

​

Ìý

1,343

Ìý

(956)

Ìý

387

Ìý

1,329

Ìý

(963)

Ìý

366

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Total

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$

5,426

Ìý

(4,471)

Ìý

955

Ìý

5,372

Ìý

(4,314)

Ìý

1,058

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Schedule of amortization expense for the next five years Based on its amortizable intangible assets as of DecemberÌý31, 2019, º¬Ð߲ݴ«Ã½ expects that amortization expense will be as follows for the next five years (amounts in millions):

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2020

ÌýÌýÌýÌý

$

319

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2021

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$

230

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2022

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$

143

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2023

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$

87

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2024

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$

74

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