Annual report pursuant to Section 13 and 15(d)

Goodwill and Other Intangible Assets (Tables)

v3.22.0.1
Goodwill and Other Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2021
Goodwill and Other Intangible Assets  
Schedule of changes in the carrying amount of goodwill

    

QxH

QVC International

Zulily

Corporate and Other

    

Total

 

amounts in millions

 

Balance at January 1, 2020

$

5,228

859

477

12

6,576

Foreign currency translation adjustments

62

62

Balance at December 31, 2020

5,228

921

477

12

6,638

Foreign currency translation adjustments

(66)

(66)

Impairments

(233)

(233)

Balance at December 31, 2021

$

5,228

855

244

12

6,339

Schedule of Intangible assets subject to amortization

December 31, 2021

December 31, 2020

 

    

Gross

    

    

    

Net

    

Gross

    

    

    

Net

 

carrying

Accumulated

carrying

carrying

Accumulated

carrying

 

amount

amortization

amount

amount

amortization

amount

 

amounts in millions

 

Television distribution rights

$

818

 

(673)

 

145

 

814

 

(751)

 

63

Customer relationships

 

3,321

 

(3,087)

 

234

 

3,334

 

(3,004)

 

330

Other

 

1,443

 

(1,077)

 

366

 

1,434

 

(1,048)

 

386

Total

$

5,582

 

(4,837)

 

745

 

5,582

 

(4,803)

 

779

Schedule of amortization expense for the next five years Based on its amortizable intangible assets as of December 31, 2021, Qurate Retail expects that amortization expense will be as follows for the next five years (amounts in millions):

2022

    

$

319

2023

$

197

2024

$

120

2025

$

51

2026

$

50