Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets

v2.4.0.6
Intangible Assets
 3 Months Ended
Mar. 31, 2012
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets
Intangible Assets
Goodwill
Changes in the carrying amount of goodwill are as follows:
 
QVC
 
E-commerce
 
Total
 
amounts in millions
Balance at January 1, 2012
$
5,354

 
624

 
5,978

Foreign currency translation adjustments
10

 
—

 
10

Acquisition
16

 
(1
)
 
15

Balance at March 31, 2012
$
5,380

 
623

 
6,003


Intangible Assets Subject to Amortization
Amortization expense for intangible assets with finite useful lives was $108 million and $110 million for the three month periods ended March 31, 2012 and 2011, respectively. Based on its amortizable intangible assets as of March 31, 2012, Liberty expects that amortization expense will be as follows for the next five years (amounts in millions):
Remainder of 2012
$
344

2013
$
432

2014
$
403

2015
$
361

2016
$
337