Annual report [Section 13 and 15(d), not S-K Item 405]

Goodwill and Other Intangible Assets (Tables)

Goodwill and Other Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2024

Goodwill and Other Intangible Assets

Schedule of changes in the carrying amount of goodwill


	QxH		QVC International	CBI	Corporate and Other	Total

	amounts in millions
Balance at January 1, 2023	$	2,693	778	12	18	3,501
Foreign currency translation adjustments		—	7	—	—	7
Dispositions (1)		—	—	—	(18)	(18)
Impairments		(326)	—	—	—	(326)
Balance at December 31, 2023		2,367	785	12	—	3,164
Foreign currency translation adjustments		—	(45)	—	—	(45)
Impairments		(902)	—	—	—	(902)
Balance at December 31, 2024	$	1,465	740	12	—	2,217

(1)

Zulily goodwill was eliminated as a result of the divestiture of Zulily on May 24, 2023 (see note 1).

Schedule of Intangible assets subject to amortization


	December 31, 2024				December 31, 2023
	Gross			Net	Gross		Net
	carrying		Accumulated	carrying	carrying	Accumulated	carrying
	amount		amortization	amount	amount	amortization	amount

	amounts in millions
Television distribution rights	$	535	(489)	46	592	(509)	83
Customer relationships		2,816	(2,722)	94	2,825	(2,684)	141
Other		1,241	(979)	262	1,193	(891)	302
Total	$	4,592	(4,190)	402	4,610	(4,084)	526

Schedule of amortization expense for the next five years

Based on its amortizable intangible assets as of December 31, 2024, QVC Group expects that amortization expense will be as follows for the next five years (amounts in millions):


2025	$	218
2026	$	143
2027	$	41
2028	$	—
2029	$	—

- Definition

Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule.

+ References

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+ Details