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Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets

v3.10.0.1
Intangible Assets
9 Months Ended
Sep. 30, 2018
Goodwill and Other Intangible Assets Ìý
Goodwill and Other Intangible Assets

(10)ÌýÌýÌýIntangible Assets

Goodwill and Intangible Assets Not Subject to Amortization

SIRIUS XM recorded $3 million of goodwill related to an immaterial acquisition during the three months ended September 30, 2018. There were no other changes in the carrying amounts of goodwill or other intangible assets not subject to amortization during the nine months ended September 30, 2018.

Intangible Assets Subject to Amortization

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September 30, 2018

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December 31, 2017

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Gross

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Net

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Gross

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Net

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carrying

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Accumulated

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carrying

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carrying

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Accumulated

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carrying

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amount

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amortization

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amount

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amount

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amortization

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amount

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amountsÌýinÌýmillions

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FIA Agreement

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$

3,630

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(299)

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3,331

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3,630

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(157)

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3,473

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Customer relationships

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2,684

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(722)

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1,962

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2,684

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(501)

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2,183

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Licensing agreements

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349

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(175)

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174

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330

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(138)

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192

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Other

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989

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(626)

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363

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879

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(535)

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344

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Total

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$

7,652

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(1,822)

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5,830

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7,523

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(1,331)

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6,192

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Amortization expense for intangible assets with finite useful lives was $170 million and $167 million for the three months endedÌýSeptember 30, 2018 and 2017, respectively, and $492 million and $448 million for the nine months ended September 30, 2018 and 2017, respectively. Based on its amortizable intangible assets as of September 30, 2018, Liberty expects that amortization expense will be as follows for the next five years (amounts in millions):

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Remainder of 2018

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$

154

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2019

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$

655

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2020

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$

571

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2021

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$

473

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2022

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$

437

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