| Intangible Assets |
(8)ÌýÌýÌýIntangible Assets
Goodwill
Changes in the carrying amount of goodwill are as follows:
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ÌýÌýÌýÌý |
SiriusÌýXM Holdings |
ÌýÌýÌýÌý |
Formula 1 |
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Other |
ÌýÌýÌýÌý |
Total |
Ìý |
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​ |
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amountsÌýinÌýmillions |
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Balance at JanuaryÌý1, 2020 |
​ |
$ |
15,803 |
Ìý |
3,956 |
​ |
180 |
Ìý |
19,939 |
​ |
Acquisition (a) |
​ |
Ìý |
17 |
Ìý |
— |
​ |
— |
Ìý |
17 |
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Balance at September 30, 2020 |
​ |
$ |
15,820 |
Ìý |
3,956 |
​ |
180 |
Ìý |
19,956 |
​ |
| (a) |
See note 3 for additional information regarding Sirius XM Holdings’ acquisition of Simplecast. |
Intangible Assets Subject to Amortization
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September 30, 2020 |
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December 31, 2019 |
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ÌýÌýÌýÌý |
Gross |
ÌýÌýÌýÌý |
​ |
ÌýÌýÌýÌý |
Net |
ÌýÌýÌýÌý |
Gross |
ÌýÌýÌýÌý |
​ |
ÌýÌýÌýÌý |
Net |
Ìý |
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carrying |
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Accumulated |
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carrying |
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carrying |
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Accumulated |
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carrying |
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amount |
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amortization |
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amount |
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amount |
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amortization |
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amount |
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​ |
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amountsÌýinÌýmillions |
​ |
FIA Agreement |
​ |
$ |
3,630 |
​ |
(692) |
​ |
2,938 |
​ |
3,630 |
​ |
(543) |
​ |
3,087 |
​ |
Customer relationships |
​ |
​ |
3,086 |
​ |
(1,355) |
​ |
1,731 |
Ìý |
3,086 |
Ìý |
(1,123) |
Ìý |
1,963 |
​ |
Licensing agreements |
​ |
Ìý |
315 |
​ |
(200) |
​ |
115 |
Ìý |
316 |
Ìý |
(185) |
Ìý |
131 |
​ |
Other |
​ |
Ìý |
1,767 |
​ |
(1,062) |
​ |
705 |
Ìý |
1,636 |
Ìý |
(877) |
Ìý |
759 |
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Total |
​ |
$ |
8,798 |
​ |
(3,309) |
​ |
5,489 |
Ìý |
8,668 |
Ìý |
(2,728) |
Ìý |
5,940 |
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Amortization expense for intangible assets with finite useful lives was $214 million and $204 million for the three months ended September 30, 2020 and 2019, respectively, and $609 million and $593 million for the nine months ended
September 30, 2020 and 2019, respectively. Based on its amortizable intangible assets as of September 30, 2020, Â鶹×îгöÆ· expects that amortization expense will be as follows for the next five years (amounts in millions):
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Remainder of 2020 |
ÌýÌýÌýÌý |
$ |
201 |
Ìý |
2021 |
​ |
$ |
752 |
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2022 |
​ |
$ |
658 |
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2023 |
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$ |
526 |
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2024 |
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$ |
407 |
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