TripAdvisor 2015 Annual Report Download - page 85

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liabilities.Uponcompletionofconstructionattheendofthesecondquarterof2015,thisassetwasreclassifiedtoabuildingassetandwebegan
depreciatingitoveranestimatedusefullifeof40yearsonastraight-linebasis.Referto“Note12–Commitments and Contingencies ,”foradditional
informationonourcorporateheadquarterslease.
AsofDecember31,2015and2014,ourrecordedcapitalizedsoftwareandwebsitedevelopmentcosts,netofaccumulatedamortization,were$71million
and$61million,respectively.FortheyearsendedDecember31,2015and2014,wecapitalized$52millionand$47million,respectively,relatedtosoftwareand
websitedevelopmentcosts.FortheyearsendedDecember31,2015,2014and2013,werecordedamortizationofcapitalizedsoftwareandwebsitedevelopment
costsof$37million,$30millionand$20million,respectively,whichisincludedindepreciationexpenseonourconsolidatedstatementsofoperationsforthose
years.
DuringtheyearendedDecember31,2015,weretiredanddisposedofpropertyandequipment,primarilycapitalizedsoftwareandwebsitedevelopmentand
leaseholdimprovements,whichwerenolongerinuseandfullydepreciatedwithatotalcostof$39million.
NOTE 7: GOODWILL AND INTANGIBLE ASSETS, NET
Thefollowingtablesummarizesourgoodwillactivitybysegmentfortheperiodspresented:
TripAdvisor Hotel Other Consolidated
(in millions)
BalanceasofDecember31,2013  $ 502  $ -  $ -  $ 502
Acquisitions(1) 253  -  - 253
Otheradjustments(2) (21)  -  - (21)
Allocationtonewsegments(3) (734)  442  292 -
BalanceasofDecember31,2014  $ -  $ 442  $ 292  $ 734
Acquisitions(1)   -   1   16   17
Disposition   -   (1)  - (1)
Otheradjustments(2)   -   -   (18)   (18)
EndingbalanceasofDecember31,2015  $ -  $ 442  $ 290  $ 732
(1) Theadditionstogoodwillrelatetoourbusinessacquisitions.See“Note3—Acquisitions and Dispositions ,”forfurtherinformation.
(2) Primarilyrelatedtoimpactofchangesinforeignexchangeratestogoodwill.
(3) Reflectsinitialallocationofgoodwillrelatedtoourreportingsegmentchangesinthefourthquarterof2014.See“Note16—Segment and Geographic
Information ”forinformationonoursegments.
Intangibleassets,whichwereacquiredinbusinesscombinationsandrecordedatfairvalueonthedateofpurchase,consistofthefollowingfortheperiods
presented:
December 31,
2015 2014
(in millions)
Intangibleassetswithdefinitelives  $ 198  $ 202
Less:accumulatedamortization   (52) (18)
Intangibleassetswithdefinitelives,net   146 184
Intangibleassetswithindefinitelives   30 30
Total  $ 176  $ 214
Amortizationexpensewas$36million,$18million,and$6million,respectively,fortheyearsendedDecember31,2015,2014and2013.Ourindefinite-
livedassetsrelatetotradenamesandtrademarks.
TherewerenoimpairmentchargesrecognizedtoourconsolidatedstatementofoperationsduringtheyearsendedDecember31,2015,2014and2013
relatedtoourgoodwillorindefinite-livedintangibleassets.
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