| Intangible Assets |
(9)ÌýÌýÌýIntangible Assets
Goodwill
Changes in the carrying amount of goodwill are as follows:
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
|
Ìý
|
ÌýÌýÌýÌý
|
SIRIUSÌýXM Holdings
|
ÌýÌýÌýÌý
|
Formula 1
|
Ìý
|
Other
|
ÌýÌýÌýÌý
|
Total
|
Ìý
|
|
Ìý
|
Ìý
|
amountsÌýinÌýmillions
|
Ìý
|
|
Balance at JanuaryÌý1, 2019
|
Ìý
|
$
|
14,250
|
Ìý
|
3,956
|
Ìý
|
180
|
Ìý
|
18,386
|
Ìý
|
|
Acquisition (a)
|
Ìý
|
Ìý
|
1,541
|
Ìý
|
Ìý—
|
Ìý
|
Ìý—
|
Ìý
|
1,541
|
Ìý
|
|
Balance at March 31, 2019
|
Ìý
|
$
|
15,791
|
Ìý
|
3,956
|
Ìý
|
180
|
Ìý
|
19,927
|
Ìý
|
|
(a)
|
|
See note 3 for details regarding SIRIUS XM Holdings’ acquisition of Pandora.
|
Intangible Assets Not Subject to Amortization
During the three months ended March 31, 2019, SIRIUS XM Holdings recorded $331 million of tradenames related to the Pandora acquisition.ÌýÌýSee note 3 for details regarding the acquisition of Pandora.
Intangible Assets Subject to Amortization
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
|
Ìý
|
Ìý
|
March 31, 2019
|
Ìý
|
December 31, 2018
|
Ìý
|
|
Ìý
|
ÌýÌýÌýÌý
|
Gross
|
ÌýÌýÌýÌý
|
Ìý
|
ÌýÌýÌýÌý
|
Net
|
ÌýÌýÌýÌý
|
Gross
|
ÌýÌýÌýÌý
|
Ìý
|
ÌýÌýÌýÌý
|
Net
|
Ìý
|
|
Ìý
|
Ìý
|
carrying
|
Ìý
|
Accumulated
|
Ìý
|
carrying
|
Ìý
|
carrying
|
Ìý
|
Accumulated
|
Ìý
|
carrying
|
Ìý
|
|
Ìý
|
Ìý
|
amount
|
Ìý
|
amortization
|
Ìý
|
amount
|
Ìý
|
amount
|
Ìý
|
amortization
|
Ìý
|
amount
|
Ìý
|
|
Ìý
|
Ìý
|
amountsÌýinÌýmillions
|
Ìý
|
|
FIA Agreement
|
Ìý
|
$
|
3,630
|
Ìý
|
(396)
|
Ìý
|
3,234
|
Ìý
|
3,630
|
Ìý
|
(346)
|
Ìý
|
3,284
|
Ìý
|
|
Customer relationships
|
Ìý
|
Ìý
|
3,086
|
Ìý
|
(874)
|
Ìý
|
2,212
|
Ìý
|
2,684
|
Ìý
|
(795)
|
Ìý
|
1,889
|
Ìý
|
|
Licensing agreements
|
Ìý
|
Ìý
|
316
|
Ìý
|
(168)
|
Ìý
|
148
|
Ìý
|
316
|
Ìý
|
(162)
|
Ìý
|
154
|
Ìý
|
|
Other
|
Ìý
|
Ìý
|
1,471
|
Ìý
|
(698)
|
Ìý
|
773
|
Ìý
|
1,047
|
Ìý
|
(659)
|
Ìý
|
388
|
Ìý
|
|
Total
|
Ìý
|
$
|
8,503
|
Ìý
|
(2,136)
|
Ìý
|
6,367
|
Ìý
|
7,677
|
Ìý
|
(1,962)
|
Ìý
|
5,715
|
Ìý
|
Amortization expense for intangible assets with finite useful lives was $182 million and $154 million for the three months endedÌýMarch 31, 2019 and 2018, respectively. Based on its amortizable intangible assets as of March 31, 2019, Â鶹×îгöÆ· expects that amortization expense will be as follows for the next five years (amounts in millions):
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
|
Remainder of 2019
|
ÌýÌýÌýÌý
|
$
|
676
|
Ìý
|
|
2020
|
Ìý
|
$
|
788
|
Ìý
|
|
2021
|
Ìý
|
$
|
614
|
Ìý
|
|
2022
|
Ìý
|
$
|
561
|
Ìý
|
|
2023
|
Ìý
|
$
|
506
|
Ìý
|
Ìý
|