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Note 10 - Goodwill and Intangible Assets | 3 Months Ended
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Mar. 31, 2022
Notes to Financial Statements |
Goodwill and Intangible Assets Disclosure [Text Block] |
10. | Goodwill and Intangible Assets
As of March 31, 2022 and December 31, 2021, our intangible assets and related accumulated amortization consisted of the following (in millions):
|  | As of March 31, 2022 |  |  | As of December 31, 2021 |
|  |  |  |  |  | Accumulated |  |  |  |  |  |  |  |  |  |  | Accumulated |  |  |  |  |
|  | Gross |  |  | Amortization |  |  | Net |  |  | Gross |  |  | Amortization |  |  | Net |
Intangible assets not currently subject to amortization: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Broadcast licenses |  | $ | 5,362 |  |  | $ | (53 | ) |  | $ | 5,309 |  |  | $ | 5,356 |  |  | $ | (53 | ) |  | $ | 5,303 |
Goodwill |  |  | 2,649 |  |  |  | - |  |  |  | 2,649 |  |  |  | 2,649 |  |  |  | - |  |  |  | 2,649 |
|  | $ | 8,011 |  |  | $ | (53 | ) |  | $ | 7,958 |  |  | $ | 8,005 |  |  | $ | (53 | ) |  | $ | 7,952 |
Intangible assets subject to amortization: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Network affiliation agreements |  | $ | 204 |  |  | $ | (55 | ) |  | $ | 149 |  |  | $ | 204 |  |  | $ | (44 | ) |  | $ | 160 |
Other finite-lived intangible assets |  |  | 1,051 |  |  |  | (427 | ) |  |  | 624 |  |  |  | 1,051 |  |  |  | (386 | ) |  |  | 665 |
|  | $ | 1,255 |  |  | $ | (482 | ) |  | $ | 773 |  |  | $ | 1,255 |  |  | $ | (430 | ) |  | $ | 825 |
Total intangible assets |  | $ | 9,266 |  |  | $ | (535 | ) |  | $ | 8,731 |  |  | $ | 9,260 |  |  | $ | (483 | ) |  | $ | 8,777 |
Amortization expense for the three-months ended March 31, 2022 and 2021 was $52 million and $26 million, respectively. Based on the current amount of intangible assets subject to amortization, we expect that amortization expense for the remainder of 2022 will be approximately $153 million, and, for the succeeding five years, amortization expense will be approximately as follows: 2023, $194 million; 2024, $129 million; 2025, $118 million; 2026, $88 million; and 2027, $46 million. If and when acquisitions and dispositions occur in the future, actual amounts may vary from these estimates.

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