º¬Ð߲ݴ«Ã½

Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets

v3.20.2
Intangible Assets
6 Months Ended
Jun. 30, 2020
Intangible Assets Ìý
Intangible Assets

(5)ÌýÌýÌýIntangible Assets

Goodwill

Changes in the carrying amount of goodwill are as follows:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Corporate and

​

​

​

​

ÌýÌýÌýÌý

QxH

​

QVC Int'l

​

Zulily

ÌýÌýÌýÌý

Other

ÌýÌýÌýÌý

Total

Ìý

​

​

amountsÌýinÌýmillions

Ìý

Balance at JanuaryÌý1, 2020

​

$

5,228

​

859

​

477

Ìý

12

Ìý

6,576

​

Foreign currency translation adjustments

​

Ìý

—

​

(2)

​

—

Ìý

—

Ìý

(2)

​

Balance at JuneÌý30, 2020

​

$

5,228

​

857

​

477

Ìý

12

Ìý

6,574

​

​

​

Intangible Assets Subject to Amortization

Amortization expense for intangible assets with finite useful lives was $94 million for each of the three months ended JuneÌý30, 2020 and 2019, and $185 million and $194 million for the six months ended JuneÌý30, 2020 and 2019, respectively. Based on its amortizable intangible assets as of JuneÌý30, 2020, º¬Ð߲ݴ«Ã½ expects that amortization expense will be as follows for the next five years (amounts in millions):

​

​

​

​

​

​

Remainder of 2020

ÌýÌýÌýÌý

$

187

​

2021

​

$

244

​

2022

​

$

142

​

2023

​

$

80

​

2024

​

$

74

​

​