Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets

v3.21.2
Intangible Assets
6 Months Ended
Jun. 30, 2021
Intangible Assets  
Intangible Assets

(5)   Intangible Assets

Goodwill

Changes in the carrying amount of goodwill are as follows:

Corporate and

    

QxH

QVC Int'l

Zulily

    

Other

    

Total

 

amounts in millions

 

Balance at January 1, 2021

$

5,228

921

477

 

12

 

6,638

Foreign currency translation adjustments

 

(31)

 

 

(31)

Balance at June 30, 2021

$

5,228

890

477

 

12

 

6,607

Intangible Assets Subject to Amortization

Amortization expense for intangible assets with finite useful lives was $85 million and $94 million for the three months ended June 30, 2021 and 2020, respectively, and $167 million and $185 million for the six months ended June 30, 2021 and 2020, respectively. Based on its amortizable intangible assets as of June 30, 2021, Qurate Retail expects that amortization expense will be as follows for the next five years (amounts in millions):

Remainder of 2021

    

$

198

2022

$

287

2023

$

158

2024

$

91

2025

$

51