Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets (Tables)

v3.22.2.2
Intangible Assets (Tables)
9 Months Ended
Sep. 30, 2022
Finite-Lived Intangible Assets [Line Items]  
Goodwill

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Sirius XM Holdings

    

Formula 1

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Other

    

Total

 

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amounts in millions

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Balance at January 1, 2022

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$

15,112

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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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—

 

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 September 30, 2022

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$

15,209

 

3,956

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176

 

19,341

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(a) Sirius XM Holdings recorded goodwill related to acquisitions in January 2022 and May 2022.
Schedule of intangible assets subject to amortization

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September 30, 2022

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December 31, 2021

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Gross

    

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Net

    

Gross

    

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Net

 

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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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amounts in millions

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FIA Agreement

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$

3,630

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(1,078)

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2,552

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3,630

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(936)

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2,694

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Customer relationships

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3,054

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(1,870)

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1,184

 

3,053

 

(1,679)

 

1,374

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Licensing agreements

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359

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(267)

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92

 

355

 

(243)

 

112

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Other

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2,116

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(1,538)

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578

 

1,933

 

(1,316)

 

617

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Total

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$

9,159

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(4,753)

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4,406

 

8,971

 

(4,174)

 

4,797

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Schedule of future amortization expense Based on its amortizable intangible assets as of September 30, 2022, Liberty expects that amortization expense will be as follows for the next five years (amounts in millions):

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Remainder of 2022

    

$

190

 

2023

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$

755

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2024

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$

443

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2025

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$

372

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2026

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$

356

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