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Annual report pursuant to Section 13 and 15(d)

Goodwill and Other Intangible Assets

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Goodwill and Other Intangible Assets
12 Months Ended
Dec. 31, 2016
Goodwill and Other Intangible Assets
Goodwill and Other Intangible Assets

(9)Goodwill and Other Intangible Assets

There were no changes in the carrying amount of goodwill during the years ended December 31, 2016 and 2015.听

Other intangible assets not subject to amortization, not separately disclosed, are tradenames ($930 million) at December 31, 2016 and 2015 and franchise rights owned by Braves Holdings ($143 million) as of December听31, 2016 and 2015. 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. SIRIUS XM's Federal Communications Commission (鈥淔CC鈥) licenses are currently scheduled to expire in 2018, 2021, 2022 and 2025. Prior to expiration, SIRIUS XM 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 SIRIUS XM 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:

December听31,听2016

December听31,听2015

听听听听

Gross

听听听听

听听听听

Net

听听听听

Gross

听听听听

听听听听

Net

carrying

Accumulated

carrying

carrying

Accumulated

carrying

amount

amortization

amount

amount

amortization

amount

amounts听in听millions

Customer relationships

$

830

(228)

602

838

(179)

659

Licensing agreements

316

(109)

207

316

(81)

235

Other

686

(423)

263

609

(406)

203

Total

$

1,832

(760)

1,072

1,763

(666)

1,097

Customer relationships are amortized over 10-15听years and licensing agreements are amortized over 15 years. Amortization expense was $168 million, $155 million and $150 million for the years ended December听31, 2016, 听2015 and 2014, respectively. Based on its amortizable intangible assets as of December听31, 2016, Liberty expects that amortization expense will be as follows for the next five years (amounts in millions):

2017

听听听听

$

166

2018

$

172

2019

$

124

2020

$

110

2021

$

101