Annual report pursuant to Section 13 and 15(d)

Summary of Significant Accounting Policies (Tables)

v3.24.0.1
Summary of Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2023
Summary of Significant Accounting Policies  
Schedule of activity in the allowance for credit losses

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Balance

​

Additions

​

​

​

​

Balance

 

​

​

beginning

​

Charged

​

​

​

​

Deductions-

​

end of

 

​

​

of year

​

to expense

​

Other

​

write-offs

​

year

 

​

​

amounts in millions

 

2023

    

$

111

    

59

    

(6)

 

    

(62)

 

    

102

​

2022

​

$

107

    

82

    

(1)

 

    

(77)

 

    

111

​

2021

    

$

132

    

55

    

—

 

    

(80)

 

    

107

​

Schedule of Property and Equipment

​

​

​

​

​

​

​

​

​

​

December 31,

 

​

​

2023

​

2022

​

​

​

amounts in millions

 

Land

    

$

68

    

73

​

Buildings and improvements

​

 

421

 

453

​

Support equipment

​

 

917

 

1,041

​

Projects in progress

​

 

59

 

77

​

Finance lease right-of-use ("ROU") assets

​

​

10

​

17

​

Total property and equipment

​

$

1,475

 

1,661

​

Schedule of disaggregation of revenue

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Year ended December 31, 2023

​

​

​

QxH

​

QVC Int'l

​

CBI

​

Corp and other

​

Total

​

​

amounts in millions

​

Home

$

2,768

​

982

​

984

​

76

​

4,810

​

Apparel

​

1,207

​

436

​

181

​

113

​

1,937

​

Beauty

​

1,083

​

588

​

—

​

14

​

1,685

​

Accessories

​

846

​

208

​

—

​

79

​

1,133

​

Electronics

​

617

​

68

​

—

​

2

​

687

​

Jewelry

​

304

​

165

​

—

​

11

​

480

​

Other revenue

​

170

​

7

​

—

​

6

​

183

​

Total Revenue

$

6,995

​

2,454

​

1,165

​

301

​

10,915

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Year ended December 31, 2022

​

​

​

QxH

​

QVC Int'l

​

CBI

​

Corp and other

​

Total

​

​

amounts in millions

​

Home

$

2,866

​

998

​

1,112

​

241

​

5,217

​

Apparel

​

1,243

​

445

​

201

​

351

​

2,240

​

Beauty

​

1,108

​

579

​

—

​

42

​

1,729

​

Accessories

​

867

​

217

​

—

​

210

​

1,294

​

Electronics

​

775

​

92

​

—

​

7

​

874

​

Jewelry

​

311

​

185

​

—

​

32

​

528

​

Other revenue

​

189

​

12

​

—

​

23

​

224

​

Total Revenue

$

7,359

​

2,528

​

1,313

​

906

​

12,106

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Year ended December 31, 2021

​

​

​

QxH

​

QVC Int'l

​

CBI

​

Corp and other

​

Total

​

​

amounts in millions

​

Home

$

3,278

​

1,237

​

1,038

​

440

​

5,993

​

Beauty

​

1,291

​

492

​

199

​

559

​

2,541

​

Apparel

​

1,223

​

723

​

—

​

66

​

2,012

​

Accessories

​

980

​

265

​

—

​

295

​

1,540

​

Electronics

​

964

​

119

​

—

​

13

​

1,096

​

Jewelry

​

359

​

228

​

—

​

50

​

637

​

Other revenue

​

182

​

13

​

1

​

29

​

225

​

Total Revenue

$

8,277

​

3,077

​

1,238

​

1,452

​

14,044

​

Schedule of activity in allowance for sales returns

​

​

​

​

​

​

​

​

​

​

​

​

Balance beginning of year

​

Additions - charged to earnings

​

Deductions

​

Balance end of year

​

​

amounts in millions

2023

$

215

​

1,898

​

(1,894)

​

219

2022

$

274

​

1,917

​

(1,976)

​

215

2021

$

300

​

2,145

​

(2,171)

​

274

Schedule of WASO

​

​

​

​

​

​

​

​

​

​

​

​

​

Years ended December 31,

 

​

    

​

2023

    

2022

    

2021

 

​

​

​

number of shares in millions

 

Basic WASO

​

​

387

​

380

​

403

​

Potentially dilutive shares

​

​

1

​

3

​

12

​

Diluted WASO

​

​

388

​

383

​

415

​