Annual report pursuant to Section 13 and 15(d)

Goodwill and Other Intangible Assets (Tables)

v3.22.0.1
Goodwill and Other Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2021
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

Acquisitions (a)

235

235

Impairments

(956)

(956)

Balance at December 31, 2020

15,082

3,956

180

19,218

Acquisitions (b)

30

30

Balance at December 31, 2021

$

15,112

3,956

180

19,248

(a) See note 5 for details regarding SiriusXM Holdings’ acquisitions of Simplecast and Stitcher.
(b) 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

December 31, 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

(936)

2,694

3,630

(742)

2,888

Customer relationships

3,053

 

(1,679)

 

1,374

 

3,053

 

(1,389)

 

1,664

Licensing agreements

 

355

 

(243)

 

112

 

355

 

(221)

 

134

Other

 

1,933

 

(1,316)

 

617

 

1,748

 

(1,056)

 

692

Total

$

8,971

 

(4,174)

 

4,797

 

8,786

 

(3,408)

 

5,378

Schedule of future amortization expense

2022

    

$

743

2023

$

702

2024

$

442

2025

$

346

2026

$

330