Annual report pursuant to Section 13 and 15(d)

Goodwill and Intangible Assets (Tables)

v3.24.0.1
Goodwill and Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2023
Intangible Assets  
Goodwill

Sirius XM Holdings

Formula 1

    

Other

    

Total

 

amounts in millions

Balance at January 1, 2022

$

15,112

3,956

180

19,248

Acquisitions (a)

97

97

Other

(4)

(4)

Balance at December 31, 2022

15,209

3,956

176

19,341

Split-Off

(176)

(176)

Balance at December 31, 2023

$

15,209

3,956

19,165

(a) During January 2022 and May 2022, Sirius XM Holdings completed immaterial acquisitions for total cash consideration of approximately $136 million.
Schedule of intangible assets subject to amortization

December 31, 2023

December 31, 2022

 

    

Gross

    

    

Net

    

Gross

    

    

Net

 

carrying

Accumulated

carrying

carrying

Accumulated

carrying

 

amount

amortization

amount

amount

amortization

amount

 

amounts in millions

 

FIA Agreement

$

3,630

(1,304)

2,326

3,630

(1,125)

2,505

Customer relationships

3,054

 

(2,180)

 

874

 

3,054

 

(1,936)

 

1,118

Licensing agreements

 

317

 

(243)

 

74

 

359

 

(272)

 

87

Other

 

2,512

 

(1,914)

 

598

 

2,191

 

(1,613)

 

578

Total

$

9,513

 

(5,641)

 

3,872

 

9,234

 

(4,946)

 

4,288

Schedule of future amortization expense

2024

    

$

627

2025

$

575

2026

$

413

2027

$

279

2028

$

202