XML 27 R17.htm IDEA: XBRL DOCUMENT
v3.23.1

Note 10 - Goodwill and Intangible Assets | 3 Months Ended
--- | ---
Mar. 31, 2023
Notes to Financial Statements |
Goodwill and Intangible Assets Disclosure [Text Block] |
10. | Goodwill and Intangible Assets
As of March 31, 2023 and December 31, 2022, our intangible assets and related accumulated amortization consisted of the following (in millions):
|  | As of March 31, 2023 |  |  | As of December 31, 2022 |
|  |  |  |  |  | Accumulated |  |  |  |  |  |  |  |  |  |  | Accumulated |  |  |  |  |
|  | Gross |  |  | Amortization |  |  | Net |  |  | Gross |  |  | Amortization |  |  | Net |
Intangible assets not currently subject to amortization: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Broadcast licenses |  | $ | 5,385 |  |  | $ | (54 | ) |  | $ | 5,331 |  |  | $ | 5,385 |  |  | $ | (54 | ) |  | $ | 5,331 |
Goodwill |  |  | 2,663 |  |  |  | - |  |  |  | 2,663 |  |  |  | 2,663 |  |  |  | - |  |  |  | 2,663 |
|  | $ | 8,048 |  |  | $ | (54 | ) |  | $ | 7,994 |  |  | $ | 8,048 |  |  | $ | (54 | ) |  | $ | 7,994 |
Intangible assets subject to amortization: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Network affiliation agreements |  | $ | 218 |  |  | $ | (98 | ) |  | $ | 120 |  |  | $ | 218 |  |  | $ | (88 | ) |  | $ | 130 |
Other finite-lived intangible assets |  |  | 1,055 |  |  |  | (589 | ) |  |  | 466 |  |  |  | 1,055 |  |  |  | (549 | ) |  |  | 506 |
|  | $ | 1,273 |  |  | $ | (687 | ) |  | $ | 586 |  |  | $ | 1,273 |  |  | $ | (637 | ) |  | $ | 636 |
Total intangible assets |  | $ | 9,321 |  |  | $ | (741 | ) |  | $ | 8,580 |  |  | $ | 9,321 |  |  | $ | (691 | ) |  | $ | 8,630 |
Amortization expense for the three-months ended March 31, 2023 and 2022 was $49 million and $52 million, respectively. Based on the current amount of intangible assets subject to amortization, we expect that amortization expense for the remainder of 2023 will be approximately $147 million, and, for the succeeding five years, amortization expense will be approximately as follows: 2024, $132 million; 2025, $121 million; 2026, $91 million; 2027, $49 million; and 2028, $13 million. If and when acquisitions and dispositions occur in the future, actual amounts may vary from these estimates.

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

X
- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 350 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//350/tableOfContent + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration