Liberty TripAdvisor Holdings, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Goodwill and Other Intangible Assets (Tables)

Goodwill and Other Intangible Assets (Tables)

9 Months Ended

Sep. 30, 2020

Goodwill and Other Intangible Assets

Schedule of changes in the carrying amount of goodwill


		Hotels, Media & Platform	Experiences & Dining	Corporate and other	Total

	(in millions)
Balance at January 1, 2020	$	1,923	333	271	2,527
Allocation to new segment (1)		6	—	(6)	—
Impairments (2)		(279)	—	(21)	(300)
Dispositions (3)		—	—	(18)	(18)
Other (4)		—	13	(1)	12
Balance at September 30, 2020	$	1,650	346	225	2,221

(1)

Re-allocation of goodwill as a result of changes to reporting units related to Tripadvisor internal restructuring.

(2)

TripCo recorded an $18 million goodwill impairment related to a business that was sold in June 2020, and an additional $3 million goodwill impairment during the third quarter of 2020 as a result of strategic decisions made regarding Tripadvisor’s China business. See discussion of the Hotels, Media & Platform reporting unit impairment below.

(3)

Dispositions relates to the sale of the aforementioned Tripadvisor business.

(4)

Other changes primarily relate to immaterial acquisitions and foreign currency translation on goodwill.