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

Intangible Assets (Tables)

v3.26.1
Intangible Assets (Tables)
 12 Months Ended
Dec. 31, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Changes in the Carrying Amount of Goodwill
Changes in the carrying amount of goodwill are as follows:
QxH QVC International CBI Corporate and Other
amounts in millions
Balance at January 1, 2024 $ 2,367  785  12  3,164 
Impairment (902) —  —  (902)
Exchange rate fluctuations —  (45) —  (45)
Balance at December 31, 2024 1,465  740  12  2,217 
Impairment (1,465) (12) (1,477)
Exchange rate fluctuations —  60  —  60 
Balance at December 31, 2025 $ —  800  —  800 
Schedule of Intangible Assets Subject to Amortization
Other intangible assets consist of the following:
December 31, 2025 December 31, 2024
Gross carrying amount Accumulated amortization Intangible assets, net Gross carrying amount Accumulated amortization Intangible assets, net Weighted average remaining life (years)
amounts in millions
Purchased and internally developed software $ 1,230  (1,015) 215  1,195  (943) 252  2
Affiliate and customer relationships 2,835  (2,788) 47  2,816  (2,722) 94  1
Television distribution rights 161  (93) 68  535  (489) 46  1
Other 54  (48) 6  46  (36) 10  2
Intangible assets subject to amortization $ 4,280  (3,944) 336  4,592  (4,190) 402 
Tradenames (indefinite life) $ 1,190  —  1,190  2,120  —  2,120  N/A
Schedule of Amortization Expense for the Next Five Years
As of December 31, 2025, QVC Group expects that amortization expense will be as follows for the next five years (amounts in millions):
2026 $ 225 
2027 76 
2028 33 
2029 2 
2030 —