| Intangible Assets |
(9)ÌýÌýÌýIntangible Assets
Goodwill
Changes in the carrying amount of goodwill are as follows:
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
|
Ìý
|
ÌýÌýÌýÌý
|
SIRIUSÌýXM Holdings
|
ÌýÌýÌýÌý
|
Formula 1
|
Ìý
|
Other
|
ÌýÌýÌýÌý
|
Total
|
Ìý
|
|
Ìý
|
Ìý
|
amountsÌýinÌýmillions
|
Ìý
|
|
Balance at JanuaryÌý1, 2019
|
Ìý
|
$
|
14,250
|
Ìý
|
3,956
|
Ìý
|
180
|
Ìý
|
18,386
|
Ìý
|
|
Acquisition (a)
|
Ìý
|
Ìý
|
1,541
|
Ìý
|
Ìý—
|
Ìý
|
Ìý—
|
Ìý
|
1,541
|
Ìý
|
|
Balance at March 31, 2019
|
Ìý
|
$
|
15,791
|
Ìý
|
3,956
|
Ìý
|
180
|
Ìý
|
19,927
|
Ìý
|
|
(a)
|
|
See note 3 for details regarding SIRIUS XM Holdings’ acquisition of Pandora.
|
Intangible Assets Not Subject to Amortization
During the three months ended March 31, 2019, SIRIUS XM Holdings recorded $331 million of tradenames related to the Pandora acquisition.ÌýÌýSee note 3 for details regarding the acquisition of Pandora.
Intangible Assets Subject to Amortization
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
|
Ìý
|
Ìý
|
March 31, 2019
|
Ìý
|
December 31, 2018
|
Ìý
|
|
Ìý
|
ÌýÌýÌýÌý
|
Gross
|
ÌýÌýÌýÌý
|
Ìý
|
ÌýÌýÌýÌý
|
Net
|
ÌýÌýÌýÌý
|
Gross
|
ÌýÌýÌýÌý
|
Ìý
|
ÌýÌýÌýÌý
|
Net
|
Ìý
|
|
Ìý
|
Ìý
|
carrying
|
Ìý
|
Accumulated
|
Ìý
|
carrying
|
Ìý
|
carrying
|
Ìý
|
Accumulated
|
Ìý
|
carrying
|
Ìý
|
|
Ìý
|
Ìý
|
amount
|
Ìý
|
amortization
|
Ìý
|
amount
|
Ìý
|
amount
|
Ìý
|
amortization
|
Ìý
|
amount
|
Ìý
|
|
Ìý
|
Ìý
|
amountsÌýinÌýmillions
|
Ìý
|
|
FIA Agreement
|
Ìý
|
$
|
3,630
|
Ìý
|
(396)
|
Ìý
|
3,234
|
Ìý
|
3,630
|
Ìý
|
(346)
|
Ìý
|
3,284
|
Ìý
|
|
Customer relationships
|
Ìý
|
Ìý
|
3,086
|
Ìý
|
(874)
|
Ìý
|
2,212
|
Ìý
|
2,684
|
Ìý
|
(795)
|
Ìý
|
1,889
|
Ìý
|
|
Licensing agreements
|
Ìý
|
Ìý
|
316
|
Ìý
|
(168)
|
Ìý
|
148
|
Ìý
|
316
|
Ìý
|
(162)
|
Ìý
|
154
|
Ìý
|
|
Other
|
Ìý
|
Ìý
|
1,471
|
Ìý
|
(698)
|
Ìý
|
773
|
Ìý
|
1,047
|
Ìý
|
(659)
|
Ìý
|
388
|
Ìý
|
|
Total
|
Ìý
|
$
|
8,503
|
Ìý
|
(2,136)
|
Ìý
|
6,367
|
Ìý
|
7,677
|
Ìý
|
(1,962)
|
Ìý
|
5,715
|
Ìý
|
Amortization expense for intangible assets with finite useful lives was $182 million and $154 million for the three months endedÌýMarch 31, 2019 and 2018, respectively. Based on its amortizable intangible assets as of March 31, 2019, Liberty expects that amortization expense will be as follows for the next five years (amounts in millions):
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
|
Remainder of 2019
|
ÌýÌýÌýÌý
|
$
|
676
|
Ìý
|
|
2020
|
Ìý
|
$
|
788
|
Ìý
|
|
2021
|
Ìý
|
$
|
614
|
Ìý
|
|
2022
|
Ìý
|
$
|
561
|
Ìý
|
|
2023
|
Ìý
|
$
|
506
|
Ìý
|
Ìý
|