| Intangible Assets |
(7)ÌýÌýÌýIntangible Assets
Goodwill
Changes in the carrying amount of goodwill are as follows:
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ÌýÌýÌýÌý |
SiriusÌýXM Holdings |
ÌýÌýÌýÌý |
Formula 1 |
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Other |
ÌýÌýÌýÌý |
Total |
Ìý |
|
​ |
​ |
amountsÌýinÌýmillions |
​ |
Balance at JanuaryÌý1, 2020 |
​ |
$ |
15,082 |
​ |
3,956 |
​ |
180 |
​ |
19,218 |
​ |
Acquisition (a) |
​ |
Ìý |
6 |
Ìý |
— |
​ |
— |
Ìý |
6 |
​ |
Balance at March 31, 2021 |
​ |
$ |
15,088 |
Ìý |
3,956 |
​ |
180 |
Ìý |
19,224 |
​ |
| (a) |
During the three months ended March 31, 2021, Sirius XM Holdings recorded additional goodwill related to adjustments to contingent consideration for the prior year acquisition of Stitcher. |
Intangible Assets Subject to Amortization
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March 31, 2021 |
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December 31, 2020 |
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​ |
ÌýÌýÌýÌý |
Gross |
ÌýÌýÌýÌý |
​ |
ÌýÌýÌýÌý |
Net |
ÌýÌýÌýÌý |
Gross |
ÌýÌýÌýÌý |
​ |
ÌýÌýÌýÌý |
Net |
Ìý |
​ |
​ |
carrying |
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Accumulated |
​ |
carrying |
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carrying |
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Accumulated |
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carrying |
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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 |
​ |
amount |
​ |
|
​ |
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amountsÌýinÌýmillions |
​ |
FIA Agreement |
​ |
$ |
3,630 |
​ |
(791) |
​ |
2,839 |
​ |
3,630 |
​ |
(742) |
​ |
2,888 |
​ |
Customer relationships |
​ |
​ |
3,053 |
​ |
(1,461) |
​ |
1,592 |
Ìý |
3,053 |
Ìý |
(1,389) |
Ìý |
1,664 |
​ |
Licensing agreements |
​ |
Ìý |
356 |
​ |
(226) |
​ |
130 |
Ìý |
355 |
Ìý |
(221) |
Ìý |
134 |
​ |
Other |
​ |
Ìý |
1,799 |
​ |
(1,128) |
​ |
671 |
Ìý |
1,748 |
Ìý |
(1,056) |
Ìý |
692 |
​ |
Total |
​ |
$ |
8,838 |
​ |
(3,606) |
​ |
5,232 |
Ìý |
8,786 |
Ìý |
(3,408) |
Ìý |
5,378 |
​ |
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Amortization expense for intangible assets with finite useful lives was $199 million and $198 million for the three months ended March 31, 2021 and 2020, respectively. Based on its amortizable intangible assets as of March 31, 2021, ÎçҹѰ»¨ expects that amortization expense will be as follows for the next five years (amounts in millions):
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Remainder of 2021 |
ÌýÌýÌýÌý |
$ |
604 |
Ìý |
2022 |
​ |
$ |
763 |
​ |
2023 |
​ |
$ |
544 |
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2024 |
​ |
$ |
404 |
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2025 |
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$ |
350 |
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