jvidÊÓƵ

Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets

v3.21.2
Intangible Assets
9 Months Ended
Sep. 30, 2021
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, 2021

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$

5,228

​

921

​

477

Ìý

12

Ìý

6,638

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Foreign currency translation adjustments

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Ìý

—

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(46)

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—

Ìý

—

Ìý

(46)

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Balance at SeptemberÌý30, 2021

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$

5,228

​

875

​

477

Ìý

12

Ìý

6,592

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​

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Intangible Assets Subject to Amortization

Amortization expense for intangible assets with finite useful lives was $94 million and $89 million for the three months ended SeptemberÌý30, 2021 and 2020, respectively, and $261 million and $274 million for the nine months ended SeptemberÌý30, 2021 and 2020, respectively. Based on its amortizable intangible assets as of SeptemberÌý30, 2021, jvidÊÓƵ expects that amortization expense will be as follows for the next five years (amounts in millions):

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Remainder of 2021

ÌýÌýÌýÌý

$

97

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2022

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$

303

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2023

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$

179

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2024

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$

103

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2025

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$

51

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