Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets

v3.23.1
Intangible Assets
3 Months Ended
Mar. 31, 2023
Intangible Assets  
Intangible Assets

(5)   Intangible Assets

Goodwill

Changes in the carrying amount of goodwill are as follows:

Corporate and

    

QxH

QVC Int'l

CBI

    

Other

    

Total

 

amounts in millions

 

Balance at January 1, 2023

$

2,693

778

12

 

18

 

3,501

Foreign currency translation adjustments

 

11

 

 

11

Balance at March 31, 2023

$

2,693

789

12

 

18

 

3,512

Intangible Assets Subject to Amortization

Amortization expense for intangible assets with finite useful lives was $74 million and $82 million for the three months ended March 31, 2023 and 2022, respectively. Based on its amortizable intangible assets as of March 31, 2023, Qurate Retail expects that amortization expense will be as follows for the next five years (amounts in millions):

Remainder of 2023

    

$

226

2024

$

235

2025

$

108

2026

$

76

2027

$

3