XML 41 R31.htm IDEA: XBRL DOCUMENT
v3.24.3

Intangible Assets (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule of Indefinite-Lived Intangible Assets | Our intangible assets include the following:
|  |  | September 30, 2024 |  | December 31, 2023
| Weighted Average Useful Lives |  | Gross Carrying Value |  | Accumulated Amortization |  | Net Carrying Value |  | Gross Carrying Value |  | Accumulated Amortization |  | Net Carrying Value
Recorded to Sirius XM Reporting Unit: |  |  |  |  |  |  |  |  |  |  |  |
Indefinite life intangible assets: |  |  |  |  |  |  |  |  |  |  |  |  |
FCC licenses | Indefinite |  | $ | 8,600 |  |  | $ | — |  |  | $ | 8,600 |  |  | $ | 8,600 |  |  | $ | — |  |  | $ | 8,600 |
Trademarks | Indefinite |  | 930 |  |  | — |  |  | 930 |  |  | 930 |  |  | — |  |  | 930 |
Definite life intangible assets: |  |  |  |  |  |  |  |  |  |  |  |  |
Customer relationships | 15 years |  | 570 |  |  | (446) |  |  | 124 |  |  | 570 |  |  | (418) |  |  | 152 |
OEM relationships | 15 years |  | 220 |  |  | (160) |  |  | 60 |  |  | 220 |  |  | (149) |  |  | 71 |
Licensing agreements | 15 years |  | 285 |  |  | (241) |  |  | 44 |  |  | 285 |  |  | (228) |  |  | 57 |
Software and technology | 7 years |  | 28 |  |  | (23) |  |  | 5 |  |  | 28 |  |  | (22) |  |  | 6 |
Due to Acquisitions recorded to Pandora and Off-platform Reporting Unit: |  |  |  |  |  |  |  |  |  |  |  |
Indefinite life intangible assets: |  |  |  |  |  |  |  |  |  |  |  |  |
Trademarks | Indefinite |  | 312 |  |  | — |  |  | 312 |  |  | 312 |  |  | — |  |  | 312 |
Definite life intangible assets: |  |  |  |  |  |  |  |  |  |  |  |  |
Customer relationships | 8 years |  | 442 |  |  | (318) |  |  | 124 |  |  | 442 |  |  | (279) |  |  | 163 |
Software and technology | 5 years |  | 391 |  |  | (380) |  |  | 11 |  |  | 391 |  |  | (372) |  |  | 19 |
Total intangible assets |  |  | $ | 11,778 |  |  | $ | (1,568) |  |  | $ | 10,210 |  |  | $ | 11,778 |  |  | $ | (1,468) |  |  | $ | 10,310 |
Schedule of Finite-Lived Intangible Assets | Our intangible assets include the following:
|  |  | September 30, 2024 |  | December 31, 2023
| Weighted Average Useful Lives |  | Gross Carrying Value |  | Accumulated Amortization |  | Net Carrying Value |  | Gross Carrying Value |  | Accumulated Amortization |  | Net Carrying Value
Recorded to Sirius XM Reporting Unit: |  |  |  |  |  |  |  |  |  |  |  |
Indefinite life intangible assets: |  |  |  |  |  |  |  |  |  |  |  |  |
FCC licenses | Indefinite |  | $ | 8,600 |  |  | $ | — |  |  | $ | 8,600 |  |  | $ | 8,600 |  |  | $ | — |  |  | $ | 8,600 |
Trademarks | Indefinite |  | 930 |  |  | — |  |  | 930 |  |  | 930 |  |  | — |  |  | 930 |
Definite life intangible assets: |  |  |  |  |  |  |  |  |  |  |  |  |
Customer relationships | 15 years |  | 570 |  |  | (446) |  |  | 124 |  |  | 570 |  |  | (418) |  |  | 152 |
OEM relationships | 15 years |  | 220 |  |  | (160) |  |  | 60 |  |  | 220 |  |  | (149) |  |  | 71 |
Licensing agreements | 15 years |  | 285 |  |  | (241) |  |  | 44 |  |  | 285 |  |  | (228) |  |  | 57 |
Software and technology | 7 years |  | 28 |  |  | (23) |  |  | 5 |  |  | 28 |  |  | (22) |  |  | 6 |
Due to Acquisitions recorded to Pandora and Off-platform Reporting Unit: |  |  |  |  |  |  |  |  |  |  |  |
Indefinite life intangible assets: |  |  |  |  |  |  |  |  |  |  |  |  |
Trademarks | Indefinite |  | 312 |  |  | — |  |  | 312 |  |  | 312 |  |  | — |  |  | 312 |
Definite life intangible assets: |  |  |  |  |  |  |  |  |  |  |  |  |
Customer relationships | 8 years |  | 442 |  |  | (318) |  |  | 124 |  |  | 442 |  |  | (279) |  |  | 163 |
Software and technology | 5 years |  | 391 |  |  | (380) |  |  | 11 |  |  | 391 |  |  | (372) |  |  | 19 |
Total intangible assets |  |  | $ | 11,778 |  |  | $ | (1,568) |  |  | $ | 10,210 |  |  | $ | 11,778 |  |  | $ | (1,468) |  |  | $ | 10,310 |
Schedule of Expected Future Amortization Expense | The expected amortization expense for each of the fiscal years 2024 through 2028 and for periods thereafter is as follows:
Years ending December 31, |  | Amount
2024 (remaining) |  | $ | 31 |
2025 |  | 124 |
2026 |  | 123 |
2027 |  | 75 |
2028 |  | 15 |
Thereafter |  | — |
Total definite life intangible assets, net |  | $ | 368 |

X
- References No definition available. + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of assets, excluding financial assets and goodwill, lacking physical substance with a finite life, by either major class or business segment. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Section 55 -Paragraph 40 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482640/350-30-55-40 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482665/350-30-50-2 + Details
Name: | us-gaap_ScheduleOfFiniteLivedIntangibleAssetsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of assets, excluding financial assets and goodwill, lacking physical substance and exist in perpetuity, by either major class or business segment. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Section 55 -Paragraph 40 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482640/350-30-55-40 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482665/350-30-50-2 + Details
Name: | us-gaap_ScheduleOfIndefiniteLivedIntangibleAssetsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the amount of amortization expense expected to be recorded in succeeding fiscal years for finite-lived intangible assets. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Section 55 -Paragraph 40 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482640/350-30-55-40 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a)(3) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482665/350-30-50-2 + Details
Name: | us-gaap_ScheduleofFiniteLivedIntangibleAssetsFutureAmortizationExpenseTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration