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Goodwill and Other Intangible Assets, Net | 12 Months Ended
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Dec. 31, 2024
Other Intangible Assets [Abstract] |
Goodwill and Intangible Assets Disclosure | (6) Goodwill and Other Intangible Assets, Net The changes in the carrying amount of goodwill by reportable segment (note 15) for the years ended December 31, 2024 and 2023 were as follows:
(in millions) | QxH | QVC-International | Total
Balance as of December 31, 2022 | $ | 2,692 |  | 778 |  | 3,470 |
Impairment | (326) |  | — |  | (326) |
Exchange rate fluctuations | — |  | 7 |  | 7 |
Balance as of December 31, 2023 | 2,366 |  | 785 |  | 3,151 |
Impairment | (902) |  | — |  | (902) |
Exchange rate fluctuations | — |  | (45) |  | (45) |
Balance as of December 31, 2024 | $ | 1,464 |  | 740 |  | 2,204 |
Other intangible assets consisted of the following:
December 31, |
| 2024 | 2023 | Weighted average remaining life (years)
(in millions) | Gross cost | Accumulated amortization | Other intangible assets, net | Gross cost | Accumulated amortization | Other intangible assets, net
Purchased and internally developed software | $ | 1,094 |  | (852) |  | 242 |  | 1,052 |  | (784) |  | 268 |  | 2.2
Affiliate and customer relationships | 2,816 |  | (2,722) |  | 94 |  | 2,825 |  | (2,684) |  | 141 |  | 2.0
Debt origination fees | 9 |  | (6) |  | 3 |  | 9 |  | (5) |  | 4 |  | 2.1
Tradenames (indefinite life) | 2,120 |  | — |  | 2,120 |  | 2,698 |  | — |  | 2,698 |  | N/A
| $ | 6,039 |  | (3,580) |  | 2,459 |  | 6,584 |  | (3,473) |  | 3,111 |  |
N/A - Not applicable. Amortization expense for other intangible assets was $194 million, $191 million and $174 million for the years ended December 31, 2024, 2023 and 2022, respectively. As of December 31, 2024, the related amortization and interest expense for each of the next five years ending December 31 was as follows (in millions):
2025 | $ | 175 |
2026 | 126 |
2027 | 37 |
2028 | 1 |
2029 | — |
During the fourth quarter of 2024, as a result of recent financial performance and macroeconomic conditions, the Company initiated a process to evaluate its current business model and long-term business strategy. It was determined that an indication of impairment existed for the QxH reporting unit related to the QVC and HSN tradenames and goodwill. With the assistance of a third party specialist, the fair value of the tradenames was determined using the relief from royalty method, primarily using a discounted cash flow model using projections of future operating performance (income approach) and applying a royalty rate (market approach) (Level 3), and an impairment in the amount of $578 million for the QVC and HSN tradenames, was recorded during the fourth quarter of 2024, in impairment losses in the consolidated statements of operations. With the assistance of a third party specialist, the fair value of the QxH reporting unit was determined using a discounted cash flow method (Level 3), and a goodwill impairment in the amount of $902 million was recorded, in impairment losses in the consolidated statements of operations. Based on the assessments performed during the fourth quarter of 2024 and the resulting impairment losses recorded, the estimated fair value of the QxH reporting unit did not significantly exceed its carrying value as of December 31, 2024. Accumulated goodwill impairment loss as of December 31, 2024 is $3,648 million. During the fourth quarter of 2023, it was determined that an indication of impairment existed for the QxH reporting unit. With the assistance of a third party specialist, the fair value of the QxH reporting unit was determined using a discounted cash flow model (Level 3), and a goodwill impairment in the amount of $326 million was recorded in impairment losses in the consolidated statements of operations. During the third quarter of 2022, as a result of recent financial performance and macroeconomic conditions including inflation and higher interest rates, the Company initiated a process to evaluate its current business model and long-term business strategy. It was determined during the third quarter of 2022 that an indication of impairment existed for the QxH reporting unit related to its tradenames and goodwill. With the assistance of a third party specialist, the fair value of the tradenames was determined using the relief from royalty method, primarily using a discounted cash flow model using projections of future operating performance (income approach) and applying a royalty rate (market approach) (Level 3), and an impairment in the amount of $180 million related to the HSN tradename was recorded during the third quarter of 2022, in impairment losses in the consolidated statements of operations. During the third quarter of 2022, with the assistance of a third party specialist, the fair value of the QxH reporting unit was determined using a discounted cash flow model (Level 3), and a goodwill impairment in the amount of $2,420 million was recorded during the third quarter of 2022, in impairment losses in the consolidated statements of operations. After the triggering event and impairment loss recorded during the third quarter of 2022, the Company performed a qualitative goodwill impairment analysis during its annual impairment assessment in the fourth quarter of 2022 and no further impairment was identified.

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- Definition Other Intangible Assets [Abstract] + References No definition available. + Details
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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-30/tableOfContent Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-20/tableOfContent + Details
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