Long-Term Debt (Narrative) (Details)
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1 Months Ended |
3 Months Ended |
12 Months Ended |
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Mar. 01, 2018
USD ($)
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Jan. 31, 2018
$ / shares
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Dec. 31, 2017
USD ($)
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Dec. 29, 2017
USD ($)
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Jun. 23, 2016
USD ($)
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Apr. 15, 2015
USD ($)
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Jan. 27, 2015
USD ($)
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Aug. 31, 2016
USD ($)
$ / shares
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May 31, 2016
USD ($)
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Jun. 30, 2012
USD ($)
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Dec. 31, 2017
USD ($)
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Dec. 31, 2016
USD ($)
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Dec. 31, 2015
USD ($)
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Apr. 24, 2017
USD ($)
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Apr. 04, 2017
USD ($)
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Mar. 09, 2015
USD ($)
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Aug. 21, 2014
USD ($)
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Mar. 18, 2014
USD ($)
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May 22, 2012
$ / shares
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| Loss on extinguishment of debt |
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$ (6,000,000)
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$ (21,000,000)
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| Debt Instrument Carrying Amount |
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$ 8,681,000,000
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$ 8,681,000,000
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| Debt, Current |
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996,000,000
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996,000,000
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876,000,000
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| Senior Debentures |
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| Debt Instrument, Unamortized Discount |
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$ 4,000,000
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$ 4,000,000
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5,000,000
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| Motorola Mobility [Member] |
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| Business Acquisition, Share Price | $ / shares |
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$ 40
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| 8.5% Senior Debentures Due 2029 |
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| Interest rate (as a percent) |
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8.50%
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8.50%
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| 8.25% Senior Debentures Due 2030 |
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| Interest rate (as a percent) |
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8.25%
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8.25%
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| Exchangeable Senior Debentures |
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| Debt, Current |
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$ 978,000,000
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$ 978,000,000
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| QVC 3.125% Senior Secured Notes Due 2019 [Member] |
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| Interest rate (as a percent) |
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3.125%
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3.125%
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| 4% Exchangeable Senior Debentures Due 2029 |
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| Debt Instrument, Face Amount |
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$ 1,000
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$ 1,000
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| Interest rate (as a percent) |
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4.00%
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4.00%
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| 4% Exchangeable Senior Debentures Due 2029 | Sprint [Member] |
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| Debt Instrument, Convertible, Conversion Ratio |
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3.2265
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| 4% Exchangeable Senior Debentures Due 2029 | Century Link, Inc. [Member] |
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| Debt Instrument, Convertible, Conversion Ratio |
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0.7860
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| 3.75% Exchangeable Senior Debentures Due 2030 |
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| Debt Instrument, Face Amount |
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$ 1,000
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$ 1,000
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| Interest rate (as a percent) |
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3.75%
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3.75%
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| 3.75% Exchangeable Senior Debentures Due 2030 | Sprint [Member] |
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| Debt Instrument, Convertible, Conversion Ratio |
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2.3578
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| 3.75% Exchangeable Senior Debentures Due 2030 | Century Link, Inc. [Member] |
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| Debt Instrument, Convertible, Conversion Ratio |
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0.5746
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| 3.5% Exchangeable Senior Debentures Due 2031 |
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| Debt Instrument, Face Amount |
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$ 1,000
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$ 1,000
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| Repayments of Debt |
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$ 111,000,000
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| Interest rate (as a percent) |
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3.50%
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3.50%
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| 3.5% Exchangeable Senior Debentures Due 2031 | Motorola Solutions [Member] |
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| Debt Instrument, Convertible, Conversion Ratio |
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5.2598
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| Stock split, conversion ratio |
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7
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| 3.5% Exchangeable Senior Debentures Due 2031 | Motorola Mobility [Member] |
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| Debt Instrument, Convertible, Conversion Ratio |
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4.6024
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| Stock split, conversion ratio |
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8
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| 0.75% Exchangeable Senior Debentures due 2043 |
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| Debt Instrument, Face Amount |
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$ 1,000
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$ 1,000
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| Debt exchanged |
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523,000,000
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| Extraordinary Distribution to Bondholder |
$ 11.9399
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$ 325,000,000
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| Interest rate (as a percent) |
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0.75%
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0.75%
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| Proceeds from (Repayments of) Long-term Debt and Capital Securities |
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1,181,000,000
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| 0.75% Exchangeable Senior Debentures due 2043 | Time Warner Cable Inc |
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| Debt Instrument, Convertible, Conversion Ratio |
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3.1648
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| 0.75% Exchangeable Senior Debentures due 2043 | Time Warner Inc |
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| Debt Instrument, Convertible, Conversion Ratio |
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5.1635
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| 0.75% Exchangeable Senior Debentures due 2043 | Time Inc |
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| Cash consideration per share due to acquisition | $ / shares |
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$ 18.50
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| Debt Instrument, Convertible, Conversion Ratio |
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0.6454
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| 1.75% Exchangeable Senior Debentures due 2046 |
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| Debt Instrument, Face Amount |
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$ 1,000,000
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| Interest rate (as a percent) |
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1.75%
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1.75%
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| Debt Instrument Carrying Amount |
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$ 750,000,000
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$ 750,000,000
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$ 750,000,000
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| 1.75% Exchangeable Senior Debentures due 2046 | Charter |
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| Debt Instrument, Convertible, Conversion Ratio |
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2.9317
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| Exchange Price of Shares Attributable to Debentures | $ / shares |
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$ 341.10
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| principal repayment per debenture [Member] | 3.5% Exchangeable Senior Debentures Due 2031 |
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| Repayments of Debt |
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$ 184.096
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| Adjusted face amount per debenture [Member] | 3.5% Exchangeable Senior Debentures Due 2031 |
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| Debt instrument, face amount per debenture |
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$ 547
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$ 547
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| HSNi | HSNi interest rate swap |
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| Derivative, Notional Amount |
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$ 250,000,000
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| Derivative, Fixed Interest Rate |
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1.05%
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| Debt Instrument Interest Rate Including Derivative Fixed Rate |
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2.3525%
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| HSNi | HSNi Bank Credit Facility |
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| Maximum Borrowing Capacity |
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$ 1,750,000,000
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| Debt Instrument, Term |
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5 years
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| Percentage secured by US subsidiaries |
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100.00%
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| Percentage secured by foreign subsidiaries |
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65.00%
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| Line of Credit Facility, Current Borrowing Capacity |
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$ 750,000,000
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| Secured Debt |
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1,250,000,000
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| HSNi | HSNi Bank Credit Facility | Senior secured note [Member] |
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| Secured Debt |
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$ 500,000,000
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| HSNi | Amendment No. 1 HSNi Bank Credit Facility |
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| Maximum Borrowing Capacity |
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$ 1,000,000,000
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| Debt Instrument, Description of Variable Rate Basis |
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LIBOR
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| QVC | Interest Rate Swap [Member] |
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| Derivative, Notional Amount |
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125,000,000
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| QVC | QVC 3.125% Senior Secured Notes Due 2019 [Member] |
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| Debt Instrument, Face Amount |
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$ 400,000,000
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| Interest rate (as a percent) |
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3.125%
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3.125%
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| Debt issuance price as percent of par |
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99.828%
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| QVC | QVC 5.125% Senior Secured Notes Due 2022 [Member] |
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| Debt Instrument, Face Amount |
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$ 500,000,000
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$ 500,000,000
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| Interest rate (as a percent) |
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5.125%
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5.125%
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| QVC | QVC 4.375% Senior Secured Notes due 2023 |
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| Debt Instrument, Face Amount |
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$ 750,000,000
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$ 750,000,000
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| Interest rate (as a percent) |
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4.375%
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4.375%
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| QVC | QVC 4.85% Senior Secured Notes Due 2024 [Member] |
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| Debt Instrument, Face Amount |
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$ 600,000,000
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| Interest rate (as a percent) |
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4.85%
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4.85%
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| Debt issuance price as percent of par |
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99.927%
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| QVC | QVC 4.45% Senior Secured Notes Due 2025 [Member] |
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| Debt Instrument, Face Amount |
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$ 600,000,000
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| Interest rate (as a percent) |
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4.45%
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4.45%
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| Debt issuance price as percent of par |
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99.86%
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| QVC | QVC 5.45% Senior Secured Notes Due 2034 [Member] |
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| Debt Instrument, Face Amount |
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$ 400,000,000
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|
| Interest rate (as a percent) |
|
|
5.45%
|
|
|
|
|
|
|
|
5.45%
|
|
|
|
|
|
|
|
|
| Debt issuance price as percent of par |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
99.784%
|
|
|
| QVC | QVC 5.95% Senior Secured Notes due 2043 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument, Face Amount |
|
|
$ 300,000,000
|
|
|
|
|
|
|
|
$ 300,000,000
|
|
|
|
|
|
|
|
|
| Interest rate (as a percent) |
|
|
5.95%
|
|
|
|
|
|
|
|
5.95%
|
|
|
|
|
|
|
|
|
| QVC | QVC 7.375% Senior Secured Notes Due 2020 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument, Face Amount |
|
|
$ 500,000,000
|
|
|
|
|
|
|
|
$ 500,000,000
|
|
|
|
|
|
|
|
|
| Interest rate (as a percent) |
|
|
7.375%
|
|
|
|
|
|
|
|
7.375%
|
|
|
|
|
|
|
|
|
| QVC | QVC 7.375% Senior Secured Notes Due 2020 | Senior secured note [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument, Repurchase Amount |
|
|
|
|
|
$ 1,036.88
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument, Face Amount |
|
|
|
|
|
1,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Extinguishment of Debt, Amount |
|
|
|
|
|
$ 500,000,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| QVC | Amendment No. 2 QVC Bank Credit Facility |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Maximum Borrowing Capacity |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 2,250,000,000
|
|
|
|
| QVC | Amendment No. 3 QVC Bank Credit Facility |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Maximum Borrowing Capacity |
|
|
|
|
$ 2,650,000,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Remaining borrowing capacity |
|
|
$ 877,000,000
|
|
|
|
|
|
|
|
$ 877,000,000
|
|
|
|
|
|
|
|
|
| Debt Instrument, Interest Rate During Period |
|
|
3.00%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| QVC | Standby Letters of Credit |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Maximum Borrowing Capacity |
|
|
|
|
300,000,000
|
|
|
|
|
|
|
|
|
|
|
250,000,000
|
|
|
|
| Remaining borrowing capacity |
|
|
$ 10,000,000
|
|
|
|
|
|
|
|
10,000,000
|
|
|
|
|
|
|
|
|
| QVC | Uncommitted Incremental Revolving Loan Commitments or Incremental Term Loans |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Maximum Borrowing Capacity |
|
|
|
|
1,500,000,000
|
|
|
|
|
|
|
|
|
|
|
$ 1,500,000,000
|
|
|
|
| QVC | Portion of Credit Facility Available Only to QVC |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Maximum Borrowing Capacity |
|
|
|
|
2,250,000,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| QVC | Portion of Credit Facility Available to QVC and zulily |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Maximum Borrowing Capacity |
|
|
|
|
400,000,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| QVC | Portion of Credit Facility that matures on March 9, 2020 [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Maximum Borrowing Capacity |
|
|
|
|
$ 140,000,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| LIBOR | QVC | Amendment No. 3 QVC Bank Credit Facility |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument, Description of Variable Rate Basis |
|
|
|
|
LIBOR
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ABR | QVC | Amendment No. 3 QVC Bank Credit Facility |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument, Description of Variable Rate Basis |
|
|
|
|
ABR
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Minimum | HSNi | Amendment No. 1 HSNi Bank Credit Facility |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument, Basis Spread on Variable Rate |
|
|
|
1.25%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument, Interest Rate, Effective Percentage |
|
|
|
0.25%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Line of Credit Facility, Commitment Fee Percentage |
|
|
|
0.20%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Minimum | QVC | Amendment No. 3 QVC Bank Credit Facility |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument, Basis Spread on Variable Rate |
|
|
|
|
0.25%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Maximum | HSNi | Amendment No. 1 HSNi Bank Credit Facility |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument, Basis Spread on Variable Rate |
|
|
|
1.75%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument, Interest Rate, Effective Percentage |
|
|
|
0.75%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Line of Credit Facility, Commitment Fee Percentage |
|
|
|
0.30%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Maximum | QVC | Amendment No. 3 QVC Bank Credit Facility |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument, Basis Spread on Variable Rate |
|
|
|
|
1.75%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Maximum | QVC | Portion of Credit Facility Available to QVC and zulily |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Maximum Borrowing Capacity |
|
|
|
|
$ 50,000,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| QVC Group Common Stock |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Loss on extinguishment of debt |
|
|
|
|
|
|
|
|
|
|
|
1,000,000
|
$ (21,000,000)
|
|
|
|
|
|
|
| Debt Instrument Carrying Amount |
|
|
6,734,000,000
|
|
|
|
|
|
|
|
6,734,000,000
|
|
|
|
|
|
|
|
|
| Debt, Current |
|
|
$ 17,000,000
|
|
|
|
|
|
|
|
$ 17,000,000
|
14,000,000
|
|
|
|
|
|
|
|
| QVC Group Common Stock | 8.5% Senior Debentures Due 2029 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Interest rate (as a percent) |
|
|
8.50%
|
|
|
|
|
|
|
|
8.50%
|
|
|
|
|
|
|
|
|
| Debt Instrument Carrying Amount |
|
|
$ 287,000,000
|
|
|
|
|
|
|
|
$ 287,000,000
|
|
|
|
|
|
|
|
|
| QVC Group Common Stock | 8.25% Senior Debentures Due 2030 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Interest rate (as a percent) |
|
|
8.25%
|
|
|
|
|
|
|
|
8.25%
|
|
|
|
|
|
|
|
|
| Debt Instrument Carrying Amount |
|
|
$ 504,000,000
|
|
|
|
|
|
|
|
$ 504,000,000
|
|
|
|
|
|
|
|
|
| QVC Group Common Stock | QVC 3.125% Senior Secured Notes Due 2019 [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument Carrying Amount |
|
|
$ 400,000,000
|
|
|
|
|
|
|
|
$ 400,000,000
|
|
|
|
|
|
|
|
|
| QVC Group Common Stock | QVC 5.125% Senior Secured Notes Due 2022 [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Interest rate (as a percent) |
|
|
5.125%
|
|
|
|
|
|
|
|
5.125%
|
|
|
|
|
|
|
|
|
| Debt Instrument Carrying Amount |
|
|
$ 500,000,000
|
|
|
|
|
|
|
|
$ 500,000,000
|
|
|
|
|
|
|
|
|
| QVC Group Common Stock | QVC 4.375% Senior Secured Notes due 2023 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Interest rate (as a percent) |
|
|
4.375%
|
|
|
|
|
|
|
|
4.375%
|
|
|
|
|
|
|
|
|
| Debt Instrument Carrying Amount |
|
|
$ 750,000,000
|
|
|
|
|
|
|
|
$ 750,000,000
|
|
|
|
|
|
|
|
|
| QVC Group Common Stock | QVC 4.85% Senior Secured Notes Due 2024 [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Interest rate (as a percent) |
|
|
4.85%
|
|
|
|
|
|
|
|
4.85%
|
|
|
|
|
|
|
|
|
| Debt Instrument Carrying Amount |
|
|
$ 600,000,000
|
|
|
|
|
|
|
|
$ 600,000,000
|
|
|
|
|
|
|
|
|
| QVC Group Common Stock | QVC 4.45% Senior Secured Notes Due 2025 [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Interest rate (as a percent) |
|
|
4.45%
|
|
|
|
|
|
|
|
4.45%
|
|
|
|
|
|
|
|
|
| Debt Instrument Carrying Amount |
|
|
$ 600,000,000
|
|
|
|
|
|
|
|
$ 600,000,000
|
|
|
|
|
|
|
|
|
| QVC Group Common Stock | QVC 5.45% Senior Secured Notes Due 2034 [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Interest rate (as a percent) |
|
|
5.45%
|
|
|
|
|
|
|
|
5.45%
|
|
|
|
|
|
|
|
|
| Debt Instrument Carrying Amount |
|
|
$ 400,000,000
|
|
|
|
|
|
|
|
$ 400,000,000
|
|
|
|
|
|
|
|
|
| QVC Group Common Stock | QVC 5.95% Senior Secured Notes due 2043 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Interest rate (as a percent) |
|
|
5.95%
|
|
|
|
|
|
|
|
5.95%
|
|
|
|
|
|
|
|
|
| Debt Instrument Carrying Amount |
|
|
$ 300,000,000
|
|
|
|
|
|
|
|
$ 300,000,000
|
|
|
|
|
|
|
|
|
| QVC Group Common Stock | Amendment No. 2 QVC Bank Credit Facility |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument Carrying Amount |
|
|
1,763,000,000
|
|
|
|
|
|
|
|
1,763,000,000
|
|
|
|
|
|
|
|
|
| QVC Group Common Stock | HSNi Bank Credit Facility |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument Carrying Amount |
|
|
$ 460,000,000
|
|
|
|
|
|
|
|
$ 460,000,000
|
|
|
|
|
|
|
|
|
| QVC Group Common Stock | Amendment No. 1 HSNi Bank Credit Facility |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument, Interest Rate, Effective Percentage |
|
|
3.07%
|
|
|
|
|
|
|
|
3.07%
|
|
|
|
|
|
|
|
|
| Remaining borrowing capacity |
|
|
$ 533,000,000
|
|
|
|
|
|
|
|
$ 533,000,000
|
|
|
|
|
|
|
|
|
| Debt Instrument Carrying Amount |
|
|
460,000,000
|
|
|
|
|
|
|
|
460,000,000
|
|
|
|
|
|
|
|
|
| Leverage ratio |
|
|
|
3.50
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Letters of Credit Outstanding, Amount |
|
|
7,000,000
|
|
|
|
|
|
|
|
7,000,000
|
|
|
|
|
|
|
|
|
| Liberty Ventures common stock |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Loss on extinguishment of debt |
|
|
|
|
|
|
|
|
|
|
|
(7,000,000)
|
|
|
|
|
|
|
|
| Debt Instrument Carrying Amount |
|
|
1,947,000,000
|
|
|
|
|
|
|
|
1,947,000,000
|
|
|
|
|
|
|
|
|
| Debt, Current |
|
|
$ 979,000,000
|
|
|
|
|
|
|
|
$ 979,000,000
|
$ 862,000,000
|
|
|
|
|
|
|
|
| Liberty Ventures common stock | 4% Exchangeable Senior Debentures Due 2029 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Interest rate (as a percent) |
|
|
4.00%
|
|
|
|
|
|
|
|
4.00%
|
|
|
|
|
|
|
|
|
| Debt Instrument Carrying Amount |
|
|
$ 434,000,000
|
|
|
|
|
|
|
|
$ 434,000,000
|
|
|
|
|
|
|
|
|
| Liberty Ventures common stock | 3.75% Exchangeable Senior Debentures Due 2030 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Interest rate (as a percent) |
|
|
3.75%
|
|
|
|
|
|
|
|
3.75%
|
|
|
|
|
|
|
|
|
| Debt Instrument Carrying Amount |
|
|
$ 435,000,000
|
|
|
|
|
|
|
|
$ 435,000,000
|
|
|
|
|
|
|
|
|
| Liberty Ventures common stock | 3.5% Exchangeable Senior Debentures Due 2031 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Interest rate (as a percent) |
|
|
3.50%
|
|
|
|
|
|
|
|
3.50%
|
|
|
|
|
|
|
|
|
| Debt Instrument Carrying Amount |
|
|
$ 328,000,000
|
|
|
|
|
|
|
|
$ 328,000,000
|
|
|
|
|
|
|
|
|
| Liberty Ventures common stock | 0.75% Exchangeable Senior Debentures due 2043 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Interest rate (as a percent) |
|
|
0.75%
|
|
|
|
|
|
|
|
0.75%
|
|
|
|
|
|
|
|
|
| Liberty Ventures common stock | 1.75% Exchangeable Senior Debentures due 2046 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Interest rate (as a percent) |
|
|
1.75%
|
|
|
|
|
|
|
|
1.75%
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| Liberty Ventures common stock | Ventures Margin Loan |
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| Maximum Borrowing Capacity |
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$ 1,000,000,000
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