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Annual report pursuant to Section 13 and 15(d)

Intangible Assets

v2.4.0.6
Intangible Assets
 12 Months Ended
Dec. 31, 2011
Goodwill and Intangible Assets Disclosure [Abstract] Ìý
Intangible Assets
Goodwill and Other Intangible Assets
Goodwill
Changes in the carrying amount of goodwill are as follows:
Ìý
QVC
Ìý
E-commerce
Ìý
Total
Ìý
amounts in millions
Balance at January 1, 2010
$
5,395

Ìý
496

Ìý
5,891

Acquisitions
—

Ìý
116

Ìý
116

Foreign currency translation adjustments
(23
)
Ìý
—

Ìý
(23
)
Other
(9
)
Ìý
8

Ìý
(1
)
Balance at December 31, 2010
$
5,363

Ìý
620

Ìý
5,983

Foreign currency translation adjustments
(9
)
Ìý
—

Ìý
(9
)
Acquisitions
—

Ìý
4

Ìý
4

Balance at December 31, 2011
$
5,354

Ìý
624

Ìý
5,978


Intangible Assets Subject to Amortization
Intangible assets subject to amortization are comprised of the following:
Ìý
December 31, 2011
Ìý
December 31, 2010
Ìý
Gross
Ìý
Ìý
Ìý
Net
Ìý
Gross
Ìý
Ìý
Ìý
Net
Ìý
carrying
Ìý
Accumulated
Ìý
carrying
Ìý
carrying
Ìý
Accumulated
Ìý
carrying
Ìý
amount
Ìý
amortization
Ìý
amount
Ìý
amount
Ìý
amortization
Ìý
amount
Ìý
amounts in millions
Television distribution rights
$
2,305

Ìý
(1,391
)
Ìý
914

Ìý
2,313

Ìý
(1,233
)
Ìý
1,080

Customer relationships
2,618

Ìý
(1,535
)
Ìý
1,083

Ìý
2,597

Ìý
(1,333
)
Ìý
1,264

Other
600

Ìý
(388
)
Ìý
212

Ìý
571

Ìý
(320
)
Ìý
251

Total
$
5,523

Ìý
(3,314
)
Ìý
2,209

Ìý
5,481

Ìý
(2,886
)
Ìý
2,595


Amortization expense for intangible assets with finite useful lives was $490 million, $426 million and $422 million for the years ended December 31, 2011, 2010 and 2009, respectively. Based on its amortizable intangible assets as of DecemberÌý31, 2011, Liberty expects that amortization expense will be as follows for the next five years (amounts in millions):
2012
$
451

2013
$
424

2014
$
394

2015
$
347

2016
$
336