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, 2017

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, 2016	$	3,689	—	3,689
Acquisition (1)		17	—	17
Other (3)		(12)	—	(12)
Balance at December 31, 2016		3,694	—	3,694
Impairment (2)		(1,271)	—	(1,271)
Other (3)		22	—	22
Balance at December 31, 2017	$	2,445	—	2,445

(1)

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

(2)

See discussion of impairment below.

(3)

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

Schedule of intangible assets subject to amortization


	December 31, 2017					December 31, 2016
	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	4		908	(735)	173	866	(615)	251
Other	3		542	(333)	209	480	(244)	236
Total			1,450	(1,068)	382	1,346	(859)	487

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, 2017, assuming no subsequent impairment of the underlying assets, is as follows (amounts in millions):


2018	$	95
2019	$	92
2020	$	86
2021	$	70
2022	$	27