Goodwill and Other Intangible Assets |
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| Goodwill and Other Intangible Assets |
(9)Goodwill and Other Intangible Assets Goodwill Changes in the carrying amount of goodwill are as follows:
Other Intangible Assets Not Subject to Amortization Other intangible assets not subject to amortization, not separately disclosed, are tradenames ($931million) at December31, 2018 and 2017 and franchise rights owned by Braves Holdings ($143million) as of December31, 2018 and 2017. We identified these assets as indefinite life intangible assets after considering the expected use of the assets, the regulatory and economic environment within which they are used and the effects of obsolescence on their use. SIRIUSXM’s Federal Communications Commission (“FCC”) licenses are currently scheduled to expire in 2021, 2022 and 2028. Prior to expiration, SIRIUSXM is required to apply for a renewal of its FCC licenses. The renewal and extension of its licenses is reasonably certain at minimal cost, which is expensed as incurred. Each of the FCC licenses authorizes SIRIUSXM to use the broadcast spectrum, which is a renewable, reusable resource that does not deplete or exhaust over time. Intangible Assets Subject to Amortization Intangible assets subject to amortization are comprised of the following:
The FIA Agreement is amortized over 35 years, customer relationships are amortized over 10-15years and licensing agreements are amortized over 15 years. Amortization expense was $654million, $594million and $168million for the years ended December31, 2018, 2017 and 2016, respectively. Based on its amortizable intangible assets as of December31, 2018, Liberty expects that amortization expense will be as follows for the next five years (amounts in millions):
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