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Annual report pursuant to Section 13 and 15(d)

Intangible Assets (Tables)

v3.6.0.2
Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2016
Goodwill and Intangible Assets Disclosure [Abstract] Ìý
Changes In The Carrying Amount Of Goodwill

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

ÌýÌýÌýÌý

QVC

Ìý

zulily

ÌýÌýÌýÌý

Corporate and Other

ÌýÌýÌýÌý

Total

Ìý

Ìý

Ìý

amountsÌýinÌýmillions

Ìý

Balance at January 1, 2015

Ìý

$

5,206

Ìý

Ìý—

Ìý

198

Ìý

5,404

Ìý

Acquisitions

Ìý

Ìý

Ìý—

Ìý

860

Ìý

10

Ìý

870

Ìý

Sale of subsidiary

Ìý

Ìý

Ìý—

Ìý

Ìý—

Ìý

(105)

Ìý

(105)

Ìý

Foreign currency translation adjustments

Ìý

Ìý

(57)

Ìý

Ìý—

Ìý

Ìý—

Ìý

(57)

Ìý

Balance at December 31, 2015

Ìý

Ìý

5,149

Ìý

860

Ìý

103

Ìý

6,112

Ìý

Acquisition (1)

Ìý

Ìý

Ìý—

Ìý

57

Ìý

Ìý—

Ìý

57

Ìý

Disposition (2)

Ìý

Ìý

Ìý—

Ìý

Ìý—

Ìý

(78)

Ìý

(78)

Ìý

Foreign currency translation adjustments

Ìý

Ìý

(39)

Ìý

Ìý—

Ìý

Ìý—

Ìý

(39)

Ìý

Balance at December 31, 2016

Ìý

$

5,110

Ìý

917

Ìý

25

Ìý

6,052

Ìý

Ìý

(1)

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 6, Liberty completed the CommerceHub Spin-Off on July 22, 2016, resulting in a $21 million decrease to goodwill. In addition, as discussed in note 6, Liberty completed the Expedia Holdings Split-Off on November 4, 2016, resulting in a $57 million decrease to goodwill related to Bodybuilding.

Schedule of Intangible assets subject to amortization

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

DecemberÌý31,Ìý2016

Ìý

DecemberÌý31,Ìý2015

Ìý

Ìý

ÌýÌýÌýÌý

Gross

ÌýÌýÌýÌý

ÌýÌýÌýÌý

ÌýÌýÌýÌý

Net

ÌýÌýÌýÌý

Gross

ÌýÌýÌýÌý

ÌýÌýÌýÌý

ÌýÌýÌýÌý

Net

Ìý

Ìý

Ìý

carrying

Ìý

Accumulated

Ìý

carrying

Ìý

carrying

Ìý

Accumulated

Ìý

carrying

Ìý

Ìý

Ìý

amount

Ìý

amortization

Ìý

amount

Ìý

amount

Ìý

amortization

Ìý

amount

Ìý

Ìý

Ìý

amountsÌýinÌýmillions

Ìý

Television distribution rights

Ìý

$

2,279

Ìý

(2,095)

Ìý

184

Ìý

2,259

Ìý

(1,920)

Ìý

339

Ìý

Customer relationships

Ìý

Ìý

2,910

Ìý

(2,394)

Ìý

516

Ìý

2,950

Ìý

(2,141)

Ìý

809

Ìý

Other

Ìý

Ìý

965

Ìý

(660)

Ìý

305

Ìý

1,077

Ìý

(578)

Ìý

499

Ìý

Total

Ìý

$

6,154

Ìý

(5,149)

Ìý

1,005

Ìý

6,286

Ìý

(4,639)

Ìý

1,647

Ìý

Ìý

Amortization Expense For The Next Five Fiscal Years

Based on its amortizable intangible assets as of DecemberÌý31, 2016, Liberty expects that amortization expense will be as follows for the next five years (amounts in millions):

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

2017

ÌýÌýÌýÌý

$

518

Ìý

2018

Ìý

$

252

Ìý

2019

Ìý

$

122

Ìý

2020

Ìý

$

63

Ìý

2021

Ìý

$

50

Ìý

Ìý