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, 2018

Goodwill and Other Intangible Assets

Schedule of changes in the carrying amount of goodwill

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


			Corporate
	TripAdvisor		and Other	Total
Balance at January 1, 2017	$	3,694	—	3,694
Impairment (1)		(1,271)	—	(1,271)
Other (2)		22	—	22
Balance at December 31, 2017		2,445	—	2,445
Acquisition (3)		11	—	11
Other (2)		(13)	—	(13)
Balance at December 31, 2018	$	2,443	—	2,443

(1)

See discussion of impairment below.

(2)

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

(3)

Additions to goodwill relate to TripAdvisor’s acquisitions (see note 4).

Schedule of intangible assets subject to amortization


	December 31, 2018					December 31, 2017
	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	3		885	(761)	124	908	(735)	173
Other	4		588	(401)	187	542	(333)	209
Total			1,473	(1,162)	311	1,450	(1,068)	382

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, 2018, assuming no subsequent impairment of the underlying assets, is as follows (amounts in millions):


2019	$	91
2020	$	86
2021	$	70
2022	$	28
2023	$	27