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
Finite-Lived Intangible Assets [Line Items]  
Goodwill

Sirius XM Holdings

Formula 1

    

Other

    

Total

 

amounts in millions

Balance at January 1, 2018

$

14,247

3,956

180

18,383

Acquisitions

3

3

Balance at December 31, 2018

14,250

3,956

180

18,386

Acquisitions (a)

1,553

1,553

Balance at December 31, 2019

$

15,803

3,956

180

19,939

(a) See note 5 for details regarding Sirius XM Holdings’ acquisition of Pandora.

Schedule of intangible assets subject to amortization

December 31, 2019

December 31, 2018

 

    

Gross

    

    

Net

    

Gross

    

    

Net

 

carrying

Accumulated

carrying

carrying

Accumulated

carrying

 

amount

amortization

amount

amount

amortization

amount

 

amounts in millions

 

FIA Agreement

$

3,630

(543)

3,087

3,630

(346)

3,284

Customer relationships

3,086

 

(1,123)

 

1,963

 

2,684

 

(795)

 

1,889

Licensing agreements

 

316

 

(185)

 

131

 

316

 

(162)

 

154

Other

 

1,636

 

(877)

 

759

 

1,047

 

(659)

 

388

Total

$

8,668

 

(2,728)

 

5,940

 

7,677

 

(1,962)

 

5,715

Schedule of future amortization expense

2020

    

$

790

2021

$

738

2022

$

584

2023

$

523

2024

$

405