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Goodwill and Intangible Assets, Net (Tables)
9 Months Ended
Sep. 30, 2014
Goodwill And Intangible Assets Disclosure [Abstract]  
Summary of Changes in Goodwill

The change in goodwill for the nine months ended September 30, 2014 consists of the following:

 

 

 

Total

 

 

 

(in millions)

 

Beginning balance as of January 1, 2014

 

$

502

 

Additions (1)

 

 

238

 

Foreign exchange translation adjustment

 

 

(12

)

Ending balance as of September 30, 2014

 

$

728

 

 

(1)

The additions to goodwill relate to our 2014 business acquisitions. See “Note 3— Acquisitions” above, for further information.

 

Finite-Lived and Indefinite-Lived Intangible Assets Acquired as Part of Business Combination

Intangible assets, which were acquired in business combinations and recorded at fair value on the date of purchase, consist of the following:

 

 

September 30,

2014

 

 

December 31,

2013

 

 

 

(in millions)

 

Intangible assets with definite lives

 

$

195

 

 

$

36

 

Less: accumulated amortization

 

 

(25

)

 

 

(14

)

Intangible assets with definite lives, net

 

 

170

 

 

 

22

 

Intangible assets with indefinite lives

 

 

30

 

 

 

30

 

 

 

$

200

 

 

$

52

 

 

Components of Intangible Assets with Definite Lives

The following table presents the components of our intangible assets with definite lives:

 

 

 

 

 

 

 

September 30, 2014

 

 

December 31, 2013

 

 

 

Weighted Average

 

 

Gross

 

 

 

 

 

 

Net

 

 

Gross

 

 

 

 

 

 

Net

 

 

 

Remaining Life

 

 

Carrying

 

 

Accumulated

 

 

Carrying

 

 

Carrying

 

 

Accumulated

 

 

Carrying

 

 

 

(in years)

 

 

Amount

 

 

Amortization

 

 

Amount

 

 

Amount

 

 

Amortization

 

 

Amount

 

 

 

 

 

 

 

(in millions)

 

 

(in millions)

 

Trade names and trademarks

 

 

9.7

 

 

$

62

 

 

$

(10

)

 

$

52

 

 

$

18

 

 

$

(7

)

 

$

11

 

Subscriber and customer relationships

 

 

6.3

 

 

 

102

 

 

 

(11

)

 

 

91

 

 

 

14

 

 

 

(6

)

 

 

8

 

Technology and other

 

 

4.6

 

 

 

31

 

 

 

(4

)

 

 

27

 

 

 

4

 

 

 

(1

)

 

 

3

 

Total

 

 

7.0

 

 

$

195

 

 

$

(25

)

 

$

170

 

 

$

36

 

 

$

(14

)

 

$

22

 

 

Summary of Estimated Future Amortization Expense Related to Intangible Assets with Definite Lives

Intangible assets with definite lives are amortized on a straight-line basis. The estimated amortization expense for intangible assets with definite lives for the remainder of 2014, the annual expense for the next five years, and the expense thereafter, assuming no subsequent impairment of the underlying assets, is expected to be as follows (in millions):

 

2014 (remaining three months)

 

$

7

 

2015

 

 

27

 

2016

 

 

27

 

2017

 

 

25

 

2018

 

 

23

 

2019 and thereafter

 

 

61

 

Total

 

$

170