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Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets

v2.4.0.6
Intangible Assets
 3 Months Ended
Mar. 31, 2012
Goodwill and Intangible Assets Disclosure [Abstract] Ìý
Intangible Assets
Intangible Assets
Goodwill
Changes in the carrying amount of goodwill are as follows:
Ìý
QVC
Ìý
E-commerce
Ìý
Total
Ìý
amounts in millions
Balance at JanuaryÌý1, 2012
$
5,354

Ìý
624

Ìý
5,978

Foreign currency translation adjustments
10

Ìý
—

Ìý
10

Acquisition
16

Ìý
(1
)
Ìý
15

Balance at March 31, 2012
$
5,380

Ìý
623

Ìý
6,003


Intangible Assets Subject to Amortization
Amortization expense for intangible assets with finite useful lives was $108 million and $110 million for the three month periods ended March 31, 2012 and 2011, respectively. Based on its amortizable intangible assets as of March 31, 2012, Liberty expects that amortization expense will be as follows for the next five years (amounts in millions):
Remainder of 2012
$
344

2013
$
432

2014
$
403

2015
$
361

2016
$
337