Annual report pursuant to Section 13 and 15(d)

Intangible Assets (Tables)

v3.24.4
Intangible Assets (Tables)
 12 Months Ended
Dec. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Indefinite-Lived Intangible Assets
Our intangible assets include the following:
    December 31, 2024 December 31, 2023
  Weighted
Average
Useful Lives		 Gross
Carrying
Value		 Accumulated Amortization Net 
Carrying
Value		 Gross
Carrying
Value		 Accumulated Amortization Net 
Carrying
Value
Recorded to Sirius XM Reporting Unit:
Indefinite life intangible assets:              
FCC licenses Indefinite $ 8,610  $ —  $ 8,610  $ 8,600  $ —  $ 8,600 
Trademarks Indefinite 930  —  930  930  —  930 
Definite life intangible assets:              
Customer relationships
15 years
 570  (456) 114  570  (418) 152 
OEM relationships 15 years 220  (164) 56  220  (149) 71 
Licensing agreements 15 years 285  (245) 40  285  (228) 57 
Software and technology 7 years 28  (23) 5  28  (22) 6 
Due to Acquisitions recorded to Pandora
and Off-platform Reporting Unit:
Indefinite life intangible assets:
Trademarks Indefinite 312  —  312  312  —  312 
Definite life intangible assets:
Customer relationships 8 years 442  (331) 111  442  (279) 163 
Software and technology 5 years 391  (380) 11  391  (372) 19 
Total intangible assets   $ 11,788  $ (1,599) $ 10,189  $ 11,778  $ (1,468) $ 10,310 
Schedule of Finite-Lived Intangible Assets
Our intangible assets include the following:
    December 31, 2024 December 31, 2023
  Weighted
Average
Useful Lives		 Gross
Carrying
Value		 Accumulated Amortization Net 
Carrying
Value		 Gross
Carrying
Value		 Accumulated Amortization Net 
Carrying
Value
Recorded to Sirius XM Reporting Unit:
Indefinite life intangible assets:              
FCC licenses Indefinite $ 8,610  $ —  $ 8,610  $ 8,600  $ —  $ 8,600 
Trademarks Indefinite 930  —  930  930  —  930 
Definite life intangible assets:              
Customer relationships
15 years
 570  (456) 114  570  (418) 152 
OEM relationships 15 years 220  (164) 56  220  (149) 71 
Licensing agreements 15 years 285  (245) 40  285  (228) 57 
Software and technology 7 years 28  (23) 5  28  (22) 6 
Due to Acquisitions recorded to Pandora
and Off-platform Reporting Unit:
Indefinite life intangible assets:
Trademarks Indefinite 312  —  312  312  —  312 
Definite life intangible assets:
Customer relationships 8 years 442  (331) 111  442  (279) 163 
Software and technology 5 years 391  (380) 11  391  (372) 19 
Total intangible assets   $ 11,788  $ (1,599) $ 10,189  $ 11,778  $ (1,468) $ 10,310 
Schedule of Expected Future Amortization Expense
The expected amortization expense for each of the fiscal years 2025 through 2029 and for periods thereafter is as follows:
Years ending December 31, Amount
2025 $ 124 
2026 123 
2027 75 
2028 15 
2029 — 
Thereafter — 
Total definite life intangible assets, net $ 337