Quarterly report pursuant to Section 13 or 15(d)

Goodwill (Tables)

v3.21.2
Goodwill (Tables)
9 Months Ended
Sep. 30, 2021
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of goodwill
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 
Schedule of acquired intangible assets by class
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) 10  (4)
Trademarks (indefinite life) 2,878  —  2,878  2,878  —  2,878 
$ 6,726  (3,317) 3,409  6,685  (3,231) 3,454 
Schedule of finite-lived intangible assets future amortization expense
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