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Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets

v3.20.1
Intangible Assets
3 Months Ended
Mar. 31, 2020
Intangible Assets

(8)ÌýÌýÌýIntangible Assets

Goodwill

There were no changes in the carrying amounts of goodwill or other intangible assets not subject to amortization during the three months ended March 31, 2020.

Intangible Assets Subject to Amortization

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March 31, 2020

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December 31, 2019

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ÌýÌýÌýÌý

Gross

ÌýÌýÌýÌý

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ÌýÌýÌýÌý

Net

ÌýÌýÌýÌý

Gross

ÌýÌýÌýÌý

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Net

Ìý

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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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(593)

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3,037

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3,630

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(543)

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3,087

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Customer relationships

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​

3,086

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(1,201)

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1,885

Ìý

3,086

Ìý

(1,123)

Ìý

1,963

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Licensing agreements

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Ìý

316

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(191)

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125

Ìý

316

Ìý

(185)

Ìý

131

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Other

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Ìý

1,683

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(940)

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743

Ìý

1,636

Ìý

(877)

Ìý

759

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Total

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$

8,715

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(2,925)

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5,790

Ìý

8,668

Ìý

(2,728)

Ìý

5,940

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Amortization expense for intangible assets with finite useful lives was $198 million and $182 million for the three months ended March 31, 2020 and 2019, respectively. Based on its amortizable intangible assets as of March 31, 2020, Liberty expects that amortization expense will be as follows for the next five years (amounts in millions):

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Remainder of 2020

ÌýÌýÌýÌý

$

628

Ìý

2021

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$

739

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2022

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$

578

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2023

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$

524

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2024

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$

406

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