Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets Intangible Asets (Notes)

v2.4.0.8
Intangible Assets Intangible Asets (Notes)
6 Months Ended
Jun. 30, 2014
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets
Intangible Assets
Goodwill
Changes in the carrying amounts of goodwill are as follows:
 
SIRIUS XM
 
Other
 
Total
 
amounts in millions
Balance at January 1, 2014
$
14,165

 
200

 
14,365

Acquisitions (1)
(1
)
 
25

 
24

Balance at June 30, 2014
$
14,164

 
225

 
14,389

(1)
TruePosition made an acquisition during the six months ended June 30, 2014.
Other major intangible assets not subject to amortization, not separately disclosed, are SIRIUS XM tradenames ($930 million) and ANLBC franchise rights ($143 million) at June 30, 2014.
Intangible Assets Subject to Amortization
 
June 30, 2014
 
December 31, 2013
 
Gross
carrying
amount
 
Accumulated
amortization
 
Net
carrying
amount
 
Gross
carrying
amount
 
Accumulated
amortization
 
Net
carrying
amount
 
amounts in millions
Customer relationships
$
854

 
(95
)
 
759

 
838

 
(65
)
 
773

Licensing agreements
316

 
(36
)
 
280

 
316

 
(22
)
 
294

Other
464

 
(333
)
 
131

 
433

 
(300
)
 
133

    Total
$
1,634

 
(464
)
 
1,170

 
1,587

 
(387
)
 
1,200


Amortization expense for intangible assets with finite useful lives was $41 million and $29 million for the three months ended June 30, 2014 and 2013, respectively, and $77 million and $55 million for the six months ended June 30, 2014 and 2013, respectively. Based on its amortizable intangible assets as of June 30, 2014, Liberty expects that amortization expense will be as follows for the next five years (amounts in millions):
Remainder of 2014
$
93

2015
$
169

2016
$
124

2017
$
113

2018
$
112