Quarterly report pursuant to Section 13 or 15(d)

Goodwill and Intangibles

v3.21.2
Goodwill and Intangibles
 6 Months Ended
Jun. 30, 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 six months ended June 30, 2021 were as follows:
(in millions) QxH QVC-International Total
Balance as of December 31, 2020 $ 5,112  922  6,034 
Exchange rate fluctuations —  (31) (31)
Balance as of June 30, 2021 $ 5,112  891  6,003 
Other intangible assets consisted of the following:
June 30, 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 $ 983  (694) 289  952  (663) 289 
Affiliate and customer relationships 2,839  (2,582) 257  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 
$ 6,710  (3,281) 3,429  6,685  (3,231) 3,454 
The Company recorded amortization expense of $41 million and $38 million for the three months ended June 30, 2021 and 2020, respectively, related to other intangible assets. For the six months ended June 30, 2021 and 2020, amortization expense for other intangible assets was $78 million and $75 million, respectively.
As of June 30, 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 $ 100 
2022 161 
2023 120 
2024 76 
2025 47