Annual report pursuant to Section 13 and 15(d)

Property and Equipment (Tables)

v3.24.0.1
Property and Equipment (Tables)
 12 Months Ended
Dec. 31, 2023
Property, Plant and Equipment [Abstract]  
Schedule of Property and Equipment, Net Depreciation is calculated using the straight-line method over the following estimated useful life of the asset:
Satellite system 15 years
Terrestrial repeater network 5 - 15 years
Broadcast studio equipment 3 - 15 years
Capitalized software and hardware 2 - 7 years
Satellite telemetry, tracking and control facilities 3 - 15 years
Furniture, fixtures, equipment and other 2 - 7 years
Building 20 or 30 years
Leasehold improvements Lesser of useful life or remaining lease term
Property and equipment, net, consists of the following:
  December 31, 2023 December 31, 2022
Satellite system $ 1,598  $ 1,841 
Terrestrial repeater network 117  118 
Leasehold improvements 106  100 
Broadcast studio equipment 146  133 
Capitalized software and hardware 2,178  1,821 
Satellite telemetry, tracking and control facilities 84  76 
Furniture, fixtures, equipment and other 110  89 
Land 32  32 
Building 74  70 
Construction in progress 538  313 
Total property and equipment 4,983  4,593 
Accumulated depreciation (3,229) (3,094)
Property and equipment, net $ 1,754  $ 1,499 
Construction in progress consists of the following:
  December 31, 2023 December 31, 2022
Satellite system $ 490  $ 212 
Terrestrial repeater network 7  10 
Capitalized software and hardware 17  56 
Other 24  35 
Construction in progress $ 538  $ 313 
Schedule of Orbiting Satellites The chart below provides certain information on our satellites as of December 31, 2023:
Satellite Description Year Delivered Estimated End of
Depreciable Life		 FCC License Expiration Year
SIRIUS FM-5 2009 2024 2025
SIRIUS FM-6 2013 2028 2030
XM-3 2005 2020 2026
XM-5 2010 2025 2026
SXM-8 2021 2036 2029