Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets (Tables)

v3.21.2
Intangible Assets (Tables)
6 Months Ended
Jun. 30, 2021
Finite-Lived Intangible Assets [Line Items]  
Goodwill

    

Sirius XM Holdings

    

Formula 1

Other

    

Total

 

amounts in millions

Balance at January 1, 2021

$

15,082

3,956

180

19,218

Acquisition (a)

 

29

 

 

29

Balance at June 30, 2021

$

15,111

 

3,956

180

 

19,247

(a) Sirius XM Holdings recorded goodwill related to an acquisition in April 2021 and recorded adjustments to contingent consideration for the prior year acquisition of Stitcher.
Schedule of intangible assets subject to amortization

June 30, 2021

December 31, 2020

    

Gross

    

    

Net

    

Gross

    

    

Net

 

carrying

Accumulated

carrying

carrying

Accumulated

carrying

amount

amortization

amount

amount

amortization

amount

amounts in millions

FIA Agreement

$

3,630

(839)

2,791

3,630

(742)

2,888

Customer relationships

3,053

(1,534)

1,519

 

3,053

 

(1,389)

 

1,664

Licensing agreements

 

356

(231)

125

 

355

 

(221)

 

134

Other

 

1,852

(1,202)

650

 

1,748

 

(1,056)

 

692

Total

$

8,891

(3,806)

5,085

 

8,786

 

(3,408)

 

5,378

Schedule of future amortization expense Based on its amortizable intangible assets as of June 30, 2021, Liberty expects that amortization expense will be as follows for the next five years (amounts in millions):

Remainder of 2021

    

$

500

 

2022

$

703

2023

$

530

2024

$

411

2025

$

357