| Intangible Assets |
(7)ÌýÌýÌýIntangible Assets
Goodwill
Changes in the carrying amount of goodwill are as follows:
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ÌýÌýÌýÌý |
SiriusÌýXM Holdings |
ÌýÌýÌýÌý |
Formula 1 |
​ |
Other |
ÌýÌýÌýÌý |
Total |
Ìý |
|
​ |
​ |
amountsÌýinÌýmillions |
​ |
Balance at JanuaryÌý1, 2022 |
​ |
$ |
15,112 |
​ |
3,956 |
​ |
180 |
​ |
19,248 |
​ |
Acquisitions (a) |
​ |
Ìý |
28 |
Ìý |
— |
​ |
— |
Ìý |
28 |
​ |
Other |
​ |
​ |
— |
​ |
— |
​ |
(4) |
​ |
(4) |
​ |
Balance at March 31, 2022 |
​ |
$ |
15,140 |
Ìý |
3,956 |
​ |
176 |
Ìý |
19,272 |
​ |
| (a) |
Sirius XM Holdings recorded goodwill related to an acquisition in January 2022. |
Intangible Assets Subject to Amortization
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​ |
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​ |
​ |
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​ |
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March 31, 2022 |
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December 31, 2021 |
​ |
​ |
ÌýÌýÌýÌý |
Gross |
ÌýÌýÌýÌý |
​ |
ÌýÌýÌýÌý |
Net |
ÌýÌýÌýÌý |
Gross |
ÌýÌýÌýÌý |
​ |
ÌýÌýÌýÌý |
Net |
Ìý |
​ |
​ |
carrying |
​ |
Accumulated |
​ |
carrying |
​ |
carrying |
​ |
Accumulated |
​ |
carrying |
​ |
​ |
​ |
amount |
​ |
amortization |
​ |
amount |
​ |
amount |
​ |
amortization |
​ |
amount |
​ |
|
​ |
​ |
amountsÌýinÌýmillions |
​ |
FIA Agreement |
​ |
$ |
3,630 |
​ |
(984) |
​ |
2,646 |
​ |
3,630 |
​ |
(936) |
​ |
2,694 |
​ |
Customer relationships |
​ |
​ |
3,054 |
​ |
(1,744) |
​ |
1,310 |
Ìý |
3,053 |
Ìý |
(1,679) |
Ìý |
1,374 |
​ |
Licensing agreements |
​ |
Ìý |
355 |
​ |
(248) |
​ |
107 |
Ìý |
355 |
Ìý |
(243) |
Ìý |
112 |
​ |
Other |
​ |
Ìý |
2,006 |
​ |
(1,389) |
​ |
617 |
Ìý |
1,933 |
Ìý |
(1,316) |
Ìý |
617 |
​ |
Total |
​ |
$ |
9,045 |
​ |
(4,365) |
​ |
4,680 |
Ìý |
8,971 |
Ìý |
(4,174) |
Ìý |
4,797 |
​ |
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Amortization expense for intangible assets with finite useful lives was $195 million and $199 million for the three months ended March 31, 2022 and 2021, respectively. Based on its amortizable intangible assets as of March 31, 2022, 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 2022 |
ÌýÌýÌýÌý |
$ |
587 |
Ìý |
2023 |
​ |
$ |
726 |
​ |
2024 |
​ |
$ |
411 |
​ |
2025 |
​ |
$ |
358 |
​ |
2026 |
​ |
$ |
342 |
​ |
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