| 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 |
​ |
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 |
​ |
​ |
ÌýÌýÌýÌý |
Gross |
ÌýÌýÌýÌý |
​ |
ÌýÌýÌýÌý |
Net |
ÌýÌýÌýÌý |
Gross |
ÌýÌýÌýÌý |
​ |
ÌýÌýÌýÌý |
Net |
Ìý |
​ |
​ |
carrying |
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Accumulated |
​ |
carrying |
​ |
carrying |
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Accumulated |
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carrying |
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​ |
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amount |
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amortization |
​ |
amount |
​ |
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, Â鶹app 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 |
​ |
2024 |
​ |
$ |
404 |
​ |
2025 |
​ |
$ |
350 |
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