Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets (Tables)

v3.20.2
Intangible Assets (Tables)
6 Months Ended
Jun. 30, 2020
Finite-Lived Intangible Assets [Line Items]  
Goodwill

    

Sirius XM Holdings

    

Formula 1

Other

    

Total

 

amounts in millions

Balance at January 1, 2020

$

15,803

 

3,956

180

 

19,939

Acquisition (a)

 

17

 

 

17

Balance at June 30, 2020

$

15,820

 

3,956

180

 

19,956

(a) See note 3 for details regarding Sirius XM Holdings’ acquisition of Simplecast.
Schedule of intangible assets subject to amortization

June 30, 2020

December 31, 2019

    

Gross

    

    

Net

    

Gross

    

    

Net

 

carrying

Accumulated

carrying

carrying

Accumulated

carrying

amount

amortization

amount

amount

amortization

amount

amounts in millions

FIA Agreement

$

3,630

(643)

2,987

3,630

(543)

3,087

Customer relationships

3,086

(1,278)

1,808

 

3,086

 

(1,123)

 

1,963

Licensing agreements

 

315

(195)

120

 

316

 

(185)

 

131

Other

 

1,727

(989)

738

 

1,636

 

(877)

 

759

Total

$

8,758

(3,105)

5,653

 

8,668

 

(2,728)

 

5,940

Schedule of future amortization expense Based on its amortizable intangible assets as of June 30, 2020, Liberty expects that amortization expense will be as follows for the next five years (amounts in millions):

Remainder of 2020

    

$

407

 

2021

$

760

2022

$

642

2023

$

521

2024

$

402