Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets

v3.5.0.2
Intangible Assets
9 Months Ended
Sep. 30, 2016
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Other Intangible Assets

(8)   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, 2016. 

Intangible Assets Subject to Amortization

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

September 30, 2016

 

December 31, 2015

 

 

    

Gross

    

 

    

Net

    

Gross

    

 

    

Net

 

 

 

carrying

 

Accumulated

 

carrying

 

carrying

 

Accumulated

 

carrying

 

 

 

amount

 

amortization

 

amount

 

amount

 

amortization

 

amount

 

 

 

amounts in millions

 

Customer relationships

 

$

838

 

(222)

 

616

 

838

 

(179)

 

659

 

Licensing agreements

 

 

316

 

(102)

 

214

 

316

 

(81)

 

235

 

Other

 

 

713

 

(473)

 

240

 

609

 

(406)

 

203

 

Total

 

$

1,867

 

(797)

 

1,070

 

1,763

 

(666)

 

1,097

 

Amortization expense for intangible assets with finite useful lives was $45 million and $44 million for the three months ended September 30, 2016 and 2015, respectively, and $131 million and $116 million for the nine months ended September 30, 2016 and 2015, respectively. Based on its amortizable intangible assets as of September 30, 2016, Liberty expects that amortization expense will be as follows for the next five years (amounts in millions):

 

 

 

 

 

 

Remainder of 2016

    

$

42

 

2017

 

$

176

 

2018

 

$

138

 

2019

 

$

117

 

2020

 

$

114