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Goodwill (Tables)

9 Months Ended

Sep. 30, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of goodwill

The changes in the carrying amount of goodwill by operating segment for the nine months ended September 30, 2021 were as follows:

(in millions)			QxH			QVC-International			Total
Balance as of December 31, 2020			$	5,112		922			6,034
Exchange rate fluctuations			—			(46)			(46)
Balance as of September 30, 2021			$	5,112		876			5,988

Schedule of acquired intangible assets by class

Other intangible assets consisted of the following:

			September 30, 2021									December 31, 2020
(in millions)			Gross cost			Accumulated amortization			Other intangible assets, net			Gross cost			Accumulated amortization			Other intangible assets, net
Purchased and internally developed software			$	1,002		(721)			281			952			(663)			289
Affiliate and customer relationships			2,836			(2,590)			246			2,845			(2,564)			281
Debt origination fees			10			(6)			4			10			(4)			6
Trademarks (indefinite life)			2,878			—			2,878			2,878			—			2,878
			$	6,726		(3,317)			3,409			6,685			(3,231)			3,454

Schedule of finite-lived intangible assets future amortization expense

As of September 30, 2021, the related amortization and interest expense for each of the next five years ended December 31 was as follows (in millions):

Remainder of 2021			$	47
2022			169
2023			135
2024			86
2025			47

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- References

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- Definition

Tabular disclosure of the characteristics, including initial carrying value, residual amount, weighted average useful life, of finite-lived intangible assets acquired during the period by major class. A major class is composed of intangible assets that can be grouped together because they are similar, either by nature or by their use in the operations of the company.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 30
-Section 50
-Paragraph 1
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16265-109275

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- Definition

Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267

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-Name Accounting Standards Codification
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-URI http://asc.fasb.org/extlink&oid=121556970&loc=d3e13854-109267

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Tabular disclosure of the amount of amortization expense expected to be recorded in succeeding fiscal years for finite-lived intangible assets.

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-Name Accounting Standards Codification
-Topic 350
-SubTopic 30
-Section 50
-Paragraph 2
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-URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16323-109275

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