Quarterly report pursuant to Section 13 or 15(d)

Goodwill (Tables)

v3.22.2
Goodwill (Tables)
 6 Months Ended
Jun. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of goodwill
The changes in the carrying amount of goodwill by operating segment for the six months ended June 30, 2022 were as follows:
(in millions) QxH QVC-International Total
Balance as of December 31, 2021 $ 5,112  856  5,968 
Exchange rate fluctuations —  (89) (89)
Balance as of June 30, 2022 $ 5,112  767  5,879 
Schedule of acquired intangible assets by class
Other intangible assets consisted of the following:
June 30, 2022 December 31, 2021
(in millions) Gross
cost		 Accumulated
amortization		 Other intangible assets, net Gross
cost		 Accumulated
amortization		 Other intangible assets, net
Purchased and internally developed software $ 988  (708) 280  945  (659) 286 
Affiliate and customer relationships 2,817  (2,606) 211  2,832  (2,598) 234 
Debt origination fees 9  (1) 8  9  —  9 
Trademarks (indefinite life) 2,878  —  2,878  2,878  —  2,878 
$ 6,692  (3,315) 3,377  6,664  (3,257) 3,407 
Schedule of finite-lived intangible assets future amortization expense
As of June 30, 2022, the related amortization and interest expense for each of the next five years ended December 31 was as follows (in millions):
Remainder of 2022 $ 102 
2023 168 
2024 123 
2025 58 
2026 48