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, 2022

Goodwill and Other Intangible Assets

Schedule of changes in the carrying amount of goodwill


	Hotels, Media & Platform		Experiences & Dining	Corporate and other	Tripadvisor Core	Viator	TheFork	Total

	amounts in millions
Balance at December 31, 2020	$	1,650	362	228	—	—	—	2,240
Other (1)		—	(18)	(2)	—	—	—	(20)
Balance at December 31, 2021	$	1,650	344	226	—	—	—	2,220
Foreign currency translation adjustments		—	(18)	(4)	—	(1)	3	(20)
Allocation to new segment (2)		(1,650)	(326)	(222)	1,977	120	101	—
Balance at December 31, 2022	$	—	—	—	1,977	119	104	2,200

(1)

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

(2)

As a result of the change in reportable segments in Q2 2022 (see note 13), goodwill was reallocated to the new reporting units.

Schedule of intangible assets subject to amortization


	December 31, 2022					December 31, 2021
	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	5	$	1,036	(1,027)	9	1,046	(1,030)	16
Other	3		636	(533)	103	616	(499)	117
Total		$	1,672	(1,560)	112	1,662	(1,529)	133

Schedule of future amortization expense

Intangible assets are generally amortized on a straight-line basis. The estimated future amortization expense for the next five years related to intangible assets with definite lives as of December 31, 2022 is as follows (amounts in millions):


2023	$	27
2024	$	24
2025	$	22
2026	$	20
2027	$	19

- Definition

Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule.

+ References

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+ Details