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Annual report pursuant to Section 13 and 15(d)

Goodwill and Intangible Assets (Tables)

v3.24.0.1
Goodwill and Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2023
Intangible Assets Ìý
Goodwill

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SiriusÌýXM Holdings

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Formula 1

ÌýÌýÌýÌý

Other

ÌýÌýÌýÌý

Total

Ìý

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amounts in millions

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Balance at January 1, 2022

$

15,112

​

3,956

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180

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19,248

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Acquisitions (a)

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97

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—

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—

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97

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Other

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—

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—

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(4)

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(4)

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Balance at DecemberÌý31, 2022

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15,209

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3,956

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176

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19,341

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Split-Off

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—

​

—

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(176)

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(176)

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Balance at DecemberÌý31, 2023

$

15,209

​

3,956

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—

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19,165

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(a) During January 2022 and May 2022, Sirius XM Holdings completed immaterial acquisitions for total cash consideration of approximately $136 million.
Schedule of intangible assets subject to amortization

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DecemberÌý31,Ìý2023

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DecemberÌý31,Ìý2022

Ìý

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ÌýÌýÌýÌý

Gross

ÌýÌýÌýÌý

​

ÌýÌýÌýÌý

Net

ÌýÌýÌýÌý

Gross

ÌýÌýÌýÌý

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ÌýÌýÌýÌý

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

Ìý

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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

Ìý

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amountsÌýinÌýmillions

Ìý

FIA Agreement

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$

3,630

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(1,304)

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2,326

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3,630

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(1,125)

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2,505

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Customer relationships

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​

3,054

Ìý

(2,180)

Ìý

874

Ìý

3,054

Ìý

(1,936)

Ìý

1,118

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Licensing agreements

​

Ìý

317

Ìý

(243)

Ìý

74

Ìý

359

Ìý

(272)

Ìý

87

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Other

​

Ìý

2,512

Ìý

(1,914)

Ìý

598

Ìý

2,191

Ìý

(1,613)

Ìý

578

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Total

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$

9,513

Ìý

(5,641)

Ìý

3,872

Ìý

9,234

Ìý

(4,946)

Ìý

4,288

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Schedule of future amortization expense

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2024

ÌýÌýÌýÌý

$

627

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2025

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$

575

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2026

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$

413

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2027

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$

279

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2028

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$

202

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