Comcast 2014 Annual Report Download - page 169

Table of Contents
NBCUniversal Media, LLC
Note 9: Goodwill and Intangible Assets
Goodwill
We assess the recoverability of our goodwill annually, or more frequently whenever events or substantive changes in
circumstances indicate that the carrying amount of a reporting unit may exceed its fair value. We test goodwill for impairment at the
reporting unit level. To determine our reporting units, we evaluate the components one level below the segment level and we
aggregate the components if they have similar economic characteristics. As a result of this assessment, our reporting units are the
same as our four reportable segments. We evaluate the determination of our reporting units used to test for impairment periodically
or whenever events or substantive changes in circumstances occur. The assessment of recoverability may first consider qualitative
factors to determine whether the existence of events or circumstances leads to a determination that it is more likely than not that
the fair value of a reporting unit is less than its carrying amount. A quantitative assessment is performed if the qualitative
assessment results in a more-likely-than-
not determination or if a qualitative assessment is not performed. The quantitative
assessment considers if the carrying amount of a reporting unit exceeds its fair value, in which case an impairment charge is
recorded to the extent the carrying amount of the reporting unit’
s goodwill exceeds its implied fair value. Unless presented
separately, the impairment charge is included as a component of amortization expense.
Intangible Assets
Indefinite-Lived Intangible Assets
Indefinite-lived intangible assets consist of trade names and FCC licenses. We assess the recoverability of our indefinite-
lived
intangible assets annually, or more frequently whenever events or substantive changes in
(in millions)
Cable
Networks
Broadcast
Television
Filmed
Entertainment
Theme
Parks
Total
Balance, December 31, 2012
$
13,026
$
761
$
1
$
982
$
14,770
Acquisitions
39
3
—
—
42
Adjustments
65
5
—
—
70
Balance, December 31, 2013
13,130
769
1
982
14,882
Acquisitions
20
—
15
—
35
Adjustments
(202
)
(2
)
195
—
(
9
)
Balance, December 31, 2014
$
12,948
$
767
$
211
$
982
$
14,908
(a)
Adjustments to goodwill in 2014 were primarily related to the reclassification of Fandango, our movie ticketing and entertainment business, from our Cable Networks
segment to our Filmed Entertainment segment.
2014
2013
December 31 (in millions)
Weighted-
Average
Original Useful Life
as of
December 31, 2014
Gross
Carrying
Amount
Accumulated
Amortization
Gross
Carrying
Amount
Accumulated
Amortization
Finite-Lived Intangible Assets:
Customer relationships
19 years
$
13,093
$
(3,636
)
$
13,086
$
(2,982
)
Software
5 years
657
(329
)
522
(240
)
Other
21 years
1,556
(864
)
1,511
(781
)
Indefinite-Lived Intangible Assets:
Trade names
N/A
3,059
3,089
FCC licenses
N/A
651
652
Total
$
19,016
$
(4,829
)
$
18,860
$
(4,003
)
Comcast 2014 Annual Report on Form 10
-
K
164
(a)