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Annual report pursuant to Section 13 and 15(d)

Goodwill and Other Intangible Assets (Tables)

v3.22.4
Goodwill and Other Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2022
Finite-Lived Intangible Assets [Line Items] Ìý
Goodwill

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​

​

​

​

​

​

​

​

​

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SiriusÌýXM Holdings

​

Formula 1

ÌýÌýÌýÌý

Other

ÌýÌýÌýÌý

Total

Ìý

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amounts in millions

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Balance at January 1, 2021

$

15,082

​

3,956

​

180

​

19,218

​

Acquisitions (a)

​

30

​

—

​

—

​

30

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Balance at DecemberÌý31, 2021

​

15,112

​

3,956

​

180

​

19,248

​

Acquisitions (b)

​

97

​

—

​

—

​

97

​

Other

​

—

​

—

​

(4)

​

(4)

​

Balance at DecemberÌý31, 2022

$

15,209

​

3,956

​

176

​

19,341

​

(a) Sirius XM Holdings recorded goodwill related to an acquisition in April 2021 and recorded adjustments to contingent consideration for the prior year acquisition of Stitcher.
(b) During January 2022 and May 2022, Sirius XM Holdings completed immaterial acquisitions for total cash consideration of approximately $136 million. Ìý

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Schedule of intangible assets subject to amortization

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​

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DecemberÌý31,Ìý2022

​

DecemberÌý31,Ìý2021

Ìý

​

ÌýÌýÌýÌý

Gross

ÌýÌýÌýÌý

​

ÌýÌýÌýÌý

Net

ÌýÌýÌýÌý

Gross

ÌýÌýÌýÌý

​

ÌýÌýÌýÌý

Net

Ìý

​

​

carrying

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Accumulated

​

carrying

​

carrying

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Accumulated

​

carrying

Ìý

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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

Ìý

​

​

amountsÌýinÌýmillions

Ìý

FIA Agreement

​

$

3,630

​

(1,125)

​

2,505

​

3,630

​

(936)

​

2,694

​

Customer relationships

​

​

3,054

Ìý

(1,936)

Ìý

1,118

Ìý

3,053

Ìý

(1,679)

Ìý

1,374

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Licensing agreements

​

Ìý

359

Ìý

(272)

Ìý

87

Ìý

355

Ìý

(243)

Ìý

112

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Other

​

Ìý

2,191

Ìý

(1,613)

Ìý

578

Ìý

1,933

Ìý

(1,316)

Ìý

617

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Total

​

$

9,234

Ìý

(4,946)

Ìý

4,288

Ìý

8,971

Ìý

(4,174)

Ìý

4,797

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Schedule of future amortization expense

​

​

​

​

​

2023

ÌýÌýÌýÌý

$

732

​

2024

​

$

610

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2025

​

$

358

​

2026

​

$

333

​

2027

​

$

279

​