Annual report pursuant to Section 13 and 15(d)

Goodwill and Other Intangible Assets (Tables)

v3.20.4
Goodwill and Other Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2020
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, 2019

$

5,228

860

917

12

7,017

Foreign currency translation adjustments

(1)

(1)

Impairment (1)

(440)

(440)

Balance at December 31, 2019

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

(1) See discussion of the 2019 impairment below.
Schedule of Intangible assets subject to amortization

December 31, 2020

December 31, 2019

 

    

Gross

    

    

    

Net

    

Gross

    

    

    

Net

 

carrying

Accumulated

carrying

carrying

Accumulated

carrying

 

amount

amortization

amount

amount

amortization

amount

 

amounts in millions

 

Television distribution rights

$

814

 

(751)

 

63

 

764

 

(624)

 

140

Customer relationships

 

3,334

 

(3,004)

 

330

 

3,319

 

(2,891)

 

428

Other

 

1,434

 

(1,048)

 

386

 

1,343

 

(956)

 

387

Total

$

5,582

 

(4,803)

 

779

 

5,426

 

(4,471)

 

955

Schedule of amortization expense for the next five years Based on its amortizable intangible assets as of December 31, 2020, Qurate Retail expects that amortization expense will be as follows for the next five years (amounts in millions):

2021

    

$

296

2022

$

184

2023

$

120

2024

$

74

2025

$

50