Quarterly report pursuant to Section 13 or 15(d)

Goodwill and Intangibles

v3.21.2
Goodwill and Intangibles
 9 Months Ended
Sep. 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 nine months ended September 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 —  (46) (46)
Balance as of September 30, 2021 $ 5,112  876  5,988 
Other intangible assets consisted of the following:
September 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 $ 1,002  (721) 281  952  (663) 289 
Affiliate and customer relationships 2,836  (2,590) 246  2,845  (2,564) 281 
Debt origination fees 10  (6) 4  10  (4) 6 
Trademarks (indefinite life) 2,878  —  2,878  2,878  —  2,878 
$ 6,726  (3,317) 3,409  6,685  (3,231) 3,454 
The Company recorded amortization expense of $42 million and $36 million for the three months ended September 30, 2021 and 2020, respectively, related to other intangible assets. For the nine months ended September 30, 2021 and 2020, amortization expense for other intangible assets was $120 million and $111 million, respectively.
As of September 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 $ 47 
2022 169 
2023 135 
2024 86 
2025 47