Annual report [Section 13 and 15(d), not S-K Item 405]

Goodwill and Intangible Assets (Tables)

v3.25.0.1
Goodwill and Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2024
Goodwill and Other Intangible Assets  
Goodwill

Formula 1

    

Other

    

Total

 

amounts in millions

Balance at January 1, 2023

$

3,956

176

4,132

Atlanta Braves Holdings Split-Off

(176)

(176)

Balance at December 31, 2023

3,956

3,956

Acquisition of QuintEvents

252

252

Impairments

(73)

(73)

Other

(1)

(1)

Balance at December 31, 2024

$

3,956

178

4,134

Schedule of intangible assets subject to amortization

December 31, 2024

December 31, 2023

 

    

Gross

    

    

Net

    

Gross

    

    

Net

 

carrying

Accumulated

carrying

carrying

Accumulated

carrying

 

amount

amortization

amount

amount

amortization

amount

 

amounts in millions

 

FIA Agreement

$

3,630

(1,473)

2,157

3,630

(1,304)

2,326

Customer relationships

1,854

 

(1,441)

 

413

 

1,854

 

(1,349)

 

505

Other

 

381

 

(262)

 

119

 

255

 

(228)

 

27

Total

$

5,865

 

(3,176)

 

2,689

 

5,739

 

(2,881)

 

2,858

Schedule of future amortization expense

2025

    

$

249

2026

$

237

2027

$

221

2028

$

203

2029

$

186