Quarterly report pursuant to Section 13 or 15(d)

Goodwill and Other Intangibles (Tables)

v3.23.1
Goodwill and Other Intangibles (Tables)
 3 Months Ended
Mar. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of goodwill
The changes in the carrying amount of goodwill by operating segment for the three months ended March 31, 2023 were as follows:
(in millions) QxH QVC-International Total
Balance as of December 31, 2022 $ 2,692  778  3,470 
Exchange rate fluctuations —  11  11 
Balance as of March 31, 2023 $ 2,692  789  3,481 
Schedule of acquired intangible assets by class
Other intangible assets consisted of the following:
March 31, 2023 December 31, 2022
(in millions) Gross
cost		 Accumulated
amortization		 Other intangible assets, net Gross
cost		 Accumulated
amortization		 Other intangible assets, net
Purchased and internally developed software $ 993  (703) 290  962  (670) 292 
Affiliate and customer relationships 2,822  (2,646) 176  2,818  (2,630) 188 
Debt origination fees 9  (3) 6  9  (3) 6 
Trademarks (indefinite life) 2,698  —  2,698  2,698  —  2,698 
$ 6,522  (3,352) 3,170  6,487  (3,303) 3,184 
Schedule of finite-lived intangible assets future amortization expense
As of March 31, 2023, the related amortization and interest expense for each of the next five years ended December 31 was as follows (in millions):
Remainder of 2023 $ 138 
2024 160 
2025 102 
2026 72 
2027 —