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, 2019

Goodwill and Other Intangible Assets

Schedule of changes in the carrying amount of goodwill


		Tripadvisor	Hotels, Media & Platform	Experiences & Dining	Corporate and other	Total
	(in millions)
Balance at January 1, 2018	$	2,445	-	-	-	2,445
Acquisition (1)		11	-	-	-	11
Other (2)		(13)	-	-	-	(13)
Balance at December 31, 2018	$	2,443	-	-	-	2,443
Allocation to new segments (3)		(2,443)	1,923	250	270	-
Acquisition (1)		-	-	85	-	85
Other (2)		-	-	(2)	1	(1)
Balance at December 31, 2019	$	-	1,923	333	271	2,527

(1)

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

(2)

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

(3)

See note 14 for information regarding changes to our reportable segments in the first quarter of 2019.

Schedule of intangible assets subject to amortization


	December 31, 2019					December 31, 2018
	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	2	$	1,036	(910)	126	1,007	(838)	169
Other	3		552	(401)	151	466	(324)	142
Total		$	1,588	(1,311)	277	1,473	(1,162)	311

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, 2019, assuming no subsequent impairment of the underlying assets, is as follows (amounts in millions):


2020	$	92
2021	$	77
2022	$	35
2023	$	32
2024	$	29