QVC Group, Inc. Quarterly report pursuant to Section 13 or 15(d)

Leases (Tables)

6 Months Ended

Jun. 30, 2019


	Three months ended		Six months ended
	June 30, 2019		June 30, 2019
	in millions
Operating lease cost	$	18	35
Finance lease cost
Depreciation of leased assets	$	5	10
Interest on lease liabilities		2	4
Total finance lease cost	$	7	14



	June 30, 2019
Weighted-average remaining lease term (years):
Finance leases		9.3
Operating leases		8.9
Weighted-average discount rate:
Finance leases		5.0%
Operating leases		4.9%

Supplemental balance sheet information related to leases was as follows:


	June 30,
	2019
	in millions
Operating leases:
Operating lease ROU assets (1)	$	326

Current operating lease liabilities (2)	$	53
Operating lease liabilities (3)		302
Total operating lease liabilities	$	355

Finance Leases:
Finance lease ROU assets (4)	$	277
Finance lease ROU asset accumulated depreciation (4)		(128)
Finance lease ROU assets, net	$	149
Current finance lease liabilities (2)	$	20
Finance lease liabilities (3)		158
Total finance lease liabilities	$	178

(1)

Included within the Other assets, at cost, net of accumulated amortization line item on the condensed consolidated balance sheets.

(2)

Included within the Other current liabilities line item on the condensed consolidated balance sheets.

(3)

Included within the Other liabilities line item on the condensed consolidated balance sheets.

(4)

Included within the Property and equipment, net line item on the condensed consolidated balance sheets.

Supplemental cash flow information related to leases was as follows:


	Six months ended
	June 30, 2019
	in millions
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	33
Operating cash flows from finance leases	$	4
Financing cash flows from finance leases	$	10
Right-of-use assets obtained in exchange for lease obligations
Operating leases	$	72
Finance leases	$	—