Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets (Tables)

v3.4.0.3
Intangible Assets (Tables)
3 Months Ended
Mar. 31, 2016
Goodwill and Intangible Assets Disclosure [Abstract]  
Changes In The Carrying Amount Of Goodwill

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Corporate and

 

 

 

 

    

QVC

 

zulily

    

Other

    

Total

 

 

 

amounts in millions

 

Balance at January 1, 2016

 

$

5,149

 

860

 

103

 

6,112

 

Acquisition  (1)

 

 

 —

 

57

 

 —

 

57

 

Foreign currency translation adjustments

 

 

27

 

 —

 

 —

 

27

 

Other

 

 

 —

 

 —

 

2

 

2

 

Balance at March 31, 2016

 

$

5,176

 

917

 

105

 

6,198

 

 

(1)

As discussed in note 2, subsequent to December 31, 2015, the preliminary purchase price allocation for the zulily acquisition was adjusted, resulting in a $57 million increase to goodwill.

Amortization Expense For The Next Five Fiscal Years

Based on its amortizable intangible assets as of March 31, 2016, Liberty expects that amortization expense will be as follows for the next five years (amounts in millions):

 

 

 

 

 

 

Remainder of 2016

    

$

518

 

2017

 

$

502

 

2018

 

$

231

 

2019

 

$

96

 

2020

 

$

60