Quarterly report pursuant to Section 13 or 15(d)

Goodwill

v3.21.1
Goodwill
 3 Months Ended
Mar. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets Disclosure Goodwill and Other Intangible Assets, Net
The changes in the carrying amount of goodwill by operating segment for the three months ended March 31, 2021 were as follows:
(in millions) QxH QVC-International Total
Balance as of December 31, 2020 $ 5,112  922  6,034 
Exchange rate fluctuations —  (37) (37)
Balance as of March 31, 2021 $ 5,112  885  5,997 
Other intangible assets consisted of the following:
March 31, 2021 December 31, 2020
(in millions) Gross
cost		 Accumulated
amortization		 Other intangible assets, net Gross
cost		 Accumulated
amortization		 Other intangible assets, net
Purchased and internally developed software $ 953  (664) 289  952  (663) 289 
Affiliate and customer relationships 2,837  (2,568) 269  2,845  (2,564) 281 
Debt origination fees 10  (5) 5  10  (4) 6 
Trademarks (indefinite life) 2,878  —  2,878  2,878  —  2,878 
$ 6,678  (3,237) 3,441  6,685  (3,231) 3,454 
The Company recorded amortization expense of $37 million for each of the three months ended March 31, 2021 and 2020 related to other intangible assets.
As of March 31, 2021, the related amortization and interest expense for each of the next five years ended December 31 was as follows (in millions):
Remainder of 2021 $ 133 
2022 151 
2023 115 
2024 70 
2025 47