Quarterly report pursuant to Section 13 or 15(d)

Goodwill and Intangibles

v3.24.2.u1
Goodwill and Intangibles
 6 Months Ended
Jun. 30, 2024
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, 2024 were as follows:
(in millions) QxH QVC-International Total
Balance as of December 31, 2023 $ 2,366  785  3,151 
Exchange rate fluctuations —  (38) (38)
Balance as of June 30, 2024 $ 2,366  747  3,113 
Other intangible assets consisted of the following:
June 30, 2024 December 31, 2023
(in millions) Gross
cost		 Accumulated
amortization		 Other intangible assets, net Gross
cost		 Accumulated
amortization		 Other intangible assets, net
Purchased and internally developed software $ 1,087  (835) 252  1,052  (784) 268 
Affiliate and customer relationships 2,819  (2,702) 117  2,825  (2,684) 141 
Debt origination fees 9  (6) 3  9  (5) 4 
Trademarks (indefinite life) 2,698  —  2,698  2,698  —  2,698 
$ 6,613  (3,543) 3,070  6,584  (3,473) 3,111 
The Company recorded amortization expense of $48 million and $46 million for the three months ended June 30, 2024 and 2023, respectively, related to other intangible assets. For the six months ended June 30, 2024 and 2023, amortization expense for other intangible assets was $100 million and $88 million, respectively.
As of June 30, 2024, the related amortization and interest expense for each of the next five years ended December 31 was as follows (in millions):
Remainder of 2024 $ 99 
2025 155 
2026 105 
2027 13 
2028 —