Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets Intangible Asets (Notes)

v2.4.0.8
Intangible Assets Intangible Asets (Notes)
9 Months Ended
Sep. 30, 2014
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets

(7)   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)

 

 

 —

 

26 

 

26 

 

Balance at September 30, 2014

 

$

14,165 

 

226 

 

14,391 

 

 


(1)

TruePosition made an acquisition during the nine months ended September 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 September 30, 2014.  

Intangible Assets Subject to Amortization

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

September 30, 2014

 

December 31, 2013

 

 

    

Gross

    

 

    

Net

    

Gross

    

 

    

Net

 

 

 

carrying

 

Accumulated

 

carrying

 

carrying

 

Accumulated

 

carrying

 

 

 

amount

 

amortization

 

amount

 

amount

 

amortization

 

amount

 

 

 

amounts in millions

 

Customer relationships

 

$

854 

 

(110)

 

744 

 

838 

 

(65)

 

773 

 

Licensing agreements

 

 

316 

 

(43)

 

273 

 

316 

 

(22)

 

294 

 

Other

 

 

477 

 

(349)

 

128 

 

433 

 

(300)

 

133 

 

Total

 

$

1,647 

 

(502)

 

1,145 

 

1,587 

 

(387)

 

1,200 

 

 

Amortization expense for intangible assets with finite useful lives was $38 million and $30 million for the three months ended September 30, 2014 and 2013, respectively, and $115 million and $85 million for the nine months ended September 30, 2014 and 2013, respectively. Based on its amortizable intangible assets as of September 30, 2014, Liberty expects that amortization expense will be as follows for the next five years (amounts in millions):

 

 

 

 

 

 

 

Remainder of 2014

    

$

45 

 

2015

 

$

172 

 

2016

 

$

127 

 

2017

 

$

115 

 

2018

 

$

105