Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets

v3.3.0.814
Intangible Assets
9 Months Ended
Sep. 30, 2015
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Other Intangible Assets

(7)   Intangible Assets

Goodwill and Intangible Assets Not Subject to Amortization

There were no changes in the carrying amounts of goodwill or other intangible assets not subject to amortization during the nine months ended September 30, 2015

Intangible Assets Subject to Amortization

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

September 30, 2015

 

December 31, 2014

 

 

    

Gross

    

 

    

Net

    

Gross

    

 

    

Net

 

 

 

carrying

 

Accumulated

 

carrying

 

carrying

 

Accumulated

 

carrying

 

 

 

amount

 

amortization

 

amount

 

amount

 

amortization

 

amount

 

 

 

amounts in millions

 

Customer relationships

 

$

838

 

(165)

 

673

 

838

 

(122)

 

716

 

Licensing agreements

 

 

316

 

(74)

 

242

 

316

 

(52)

 

264

 

Other

 

 

593

 

(396)

 

197

 

532

 

(346)

 

186

 

Total

 

$

1,747

 

(635)

 

1,112

 

1,686

 

(520)

 

1,166

 

 

Amortization expense for intangible assets with finite useful lives was $44 million and $38 million for the three months ended September 30, 2015 and 2014, respectively, and $116 million and $115 million for the nine months ended September 30, 2015 and 2014, respectively. Based on its amortizable intangible assets as of September 30, 2015, Liberty expects that amortization expense will be as follows for the next five years (amounts in millions):

 

 

 

 

 

 

 

Remainder of 2015

    

$

33

 

2016

 

$

158

 

2017

 

$

147

 

2018

 

$

102

 

2019

 

$

102