GOODWILL, INDEFINITE-LIVED INTANGIBLE ASSETS, AND OTHER INTANGIBLE ASSETS (Tables)

12 Months Ended

Dec. 31, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Goodwill

The change in the carrying amount of goodwill at December 31, 2021 and 2020 was as follows (in millions):

	Broadcast		Local sports		Other		Consolidated
Balance at December 31, 2019	$	2,026	2,615		$	75	$	4,716
Assets held for sale (b)	(9)		—		—		(9)
Impairment	—		(2,615)		—		(2,615)
Balance at December 31, 2020	2,017		—		75		2,092
Disposition (a)	(1)		—		(3)		(4)
Balance at December 31, 2021	$	2,016	$	—	$	72	$	2,088

(a)See Note 2. Acquisitions and Dispositions of Assets for discussion of dispositions made during 2021.

(b)Assets held for sale as of December 31, 2020 were sold during the year ended December 31, 2021. See Note 2. Acquisitions and Dispositions of Assets for discussion of dispositions during 2021 and 2020.

Schedule of Indefinite-Lived Intangible Assets

As of December 31, 2021 and 2020, the carrying amount of our indefinite-lived intangible assets was as follows (in millions):

	Broadcast		Other		Consolidated
Balance at December 31, 2019 (a)	$	131	$	27	$	158
Acquisition / Disposition (c)	13		—		13
Balance at December 31, 2020 (a) (b)	144		27		171
Acquisition / Disposition (c)	(21)		—		(21)
Balance at December 31, 2021 (a) (b)	$	123	$	27	$	150

(a)Our indefinite-lived intangible assets in our broadcast segment relate to broadcast licenses and our indefinite-lived intangible assets in other relate to trade names.

(b)Approximately $14 million of indefinite-lived intangible assets relate to consolidated VIEs as of December 31, 2021 and 2020.

(c)See Note 2. Acquisitions and Dispositions of Assets for discussion of acquisitions and dispositions during 2021 and 2020.

Schedule of Finite-Lived Intangible Assets Amortization

The following table shows the gross carrying amount and accumulated amortization of definite-lived intangibles (in millions):

	As of December 31, 2021
	Gross Carrying Value		Accumulated Amortization		Net
Amortized intangible assets:
Customer relationships	$	5,323	$	(1,419)	$	3,904
Network affiliation	1,436		(861)		575
Favorable sports contracts	840		(251)		589
Other	51		(31)		20
Total other definite-lived intangible assets, net (a)	$	2,327	$	(1,143)	$	1,184

	As of December 31, 2020
	Gross Carrying Value		Accumulated Amortization		Net
Amortized intangible assets:
Customer relationships (b)	$	5,329	$	(1,043)	$	4,286
Network affiliation	1,438		(775)		663
Favorable sports contracts (b)	840		(174)		666
Other	35		(26)		9
Total other definite-lived intangible assets, net (a)	$	2,313	$	(975)	$	1,338

(a)Approximately $47 million and $54 million of definite-lived intangible assets relate to consolidated VIEs as of December 31, 2021 and 2020, respectively.

(b)As of December 31, 2020, we recorded a total impairment loss relating to customer relationships and favorable sports contracts of $1,218 million and $431 million, respectively, which is reflected as a reduction within the Gross Carrying Value column.

Schedule of Estimated Amortization Expense of the Definite-lived Intangible Assets

The following table shows the estimated annual amortization expense of the definite-lived intangible assets for the next five years and thereafter (in millions): 

2022	$	548
2023	530
2024	517
2025	507
2026	497
2027 and thereafter	2,489
	$	5,088