jvidÊÓƵ

Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets

v3.20.2
Intangible Assets
6 Months Ended
Jun. 30, 2020
Intangible Assets Ìý
Intangible Assets

(5)ÌýÌýÌýIntangible Assets

Goodwill

Changes in the carrying amount of goodwill are as follows:

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Corporate and

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​

​

​

ÌýÌýÌýÌý

QxH

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QVC Int'l

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Zulily

ÌýÌýÌýÌý

Other

ÌýÌýÌýÌý

Total

Ìý

​

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amountsÌýinÌýmillions

Ìý

Balance at JanuaryÌý1, 2020

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$

5,228

​

859

​

477

Ìý

12

Ìý

6,576

​

Foreign currency translation adjustments

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Ìý

—

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(2)

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—

Ìý

—

Ìý

(2)

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Balance at JuneÌý30, 2020

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$

5,228

​

857

​

477

Ìý

12

Ìý

6,574

​

​

​

Intangible Assets Subject to Amortization

Amortization expense for intangible assets with finite useful lives was $94 million for each of the three months ended JuneÌý30, 2020 and 2019, and $185 million and $194 million for the six months ended JuneÌý30, 2020 and 2019, respectively. Based on its amortizable intangible assets as of JuneÌý30, 2020, jvidÊÓƵ expects that amortization expense will be as follows for the next five years (amounts in millions):

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Remainder of 2020

ÌýÌýÌýÌý

$

187

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2021

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$

244

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2022

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$

142

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2023

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$

80

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2024

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$

74

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​