Liberty TripAdvisor Holdings, Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Goodwill and Other Intangible Assets (Tables)

Goodwill and Other Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2015

Goodwill and Other Intangible Assets

Changes in the carrying amount of goodwill are as follows (amounts in millions):


			Corporate
	TripAdvisor		and Other	Total
Balance at January 1, 2014	$	3,460	—	3,460
Acquisition (1)		253	—	253
Other (2)		(22)	—	(22)
Balance at December 31, 2014		3,691	—	3,691
Acquisition (1)		17	—	17
Other (2)		(19)	—	(19)
Balance at December 31, 2015	$	3,689	—	3,689

(1)

Additions to goodwill relate to TripAdvisor’s acquisitions. See “Note 4 – TripAdvisor, Inc. Acquisitions and Dispositions,” for further information.

(2)

Other changes are primarily due to foreign currency translation on goodwill.

Schedule of intangible assets subject to amortization


	December 31, 2015					December 31, 2014
	Weighted
	Average	Gross			Net	Gross		Net
	Remaining	carrying		Accumulated	carrying	carrying	Accumulated	carrying
	Useful Life	amount		amortization	amount	amount	amortization	amount
	in years	amounts in millions
Customer relationships	5		965	(599)	366	979	(456)	523
Other	6		444	(185)	259	428	(110)	318
Total			1,409	(784)	625	1,407	(566)	841

Schedule of future amortization expense

The estimated future amortization expense for the next five years related to intangible assets with definite lives as of December 31, 2015, assuming no subsequent impairment of the underlying assets, is as follows (amounts in millions):


2016	$	193
2017	$	175
2018	$	112
2019	$	108
2020	$	103