Annual report pursuant to Section 13 and 15(d)

Summary of Significant Accounting Policies (Tables)

v3.22.0.1
Summary of Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2021
Summary of Significant Accounting Policies  
Summary 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

 

2021

    

$

132

    

55

    

—

 

    

(80)

 

    

107

​

2020

​

$

129

    

92

    

—

 

    

(89)

 

    

132

​

2019

    

$

117

    

130

    

4

 

    

(122)

 

    

129

​

Schedule of Property and Equipment

​

​

​

​

​

​

​

​

​

​

December 31,

​

December 31,

 

​

​

2021

​

2020

​

​

​

amounts in millions

 

Land

    

$

116

    

133

​

Buildings and improvements

​

 

998

 

1,291

​

Support equipment

​

 

1,155

 

1,243

​

Projects in progress

​

 

55

 

44

​

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

​

​

277

​

278

​

Total property and equipment

​

$

2,601

 

2,989

​

Schedule of disaggregation of revenue

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Year ended

​

​

December 31, 2021

​

​

​

QxH

​

QVC Int'l

​

Zulily

​

Corp and other

​

Total

​

​

in millions

​

Home

$

3,278

​

1,237

​

440

​

1,038

​

5,993

​

Beauty

​

1,223

​

723

​

66

​

—

​

2,012

​

Apparel

​

1,291

​

492

​

559

​

199

​

2,541

​

Accessories

​

980

​

265

​

295

​

—

​

1,540

​

Electronics

​

964

​

119

​

13

​

—

​

1,096

​

Jewelry

​

359

​

228

​

50

​

—

​

637

​

Other revenue

​

182

​

13

​

30

​

—

​

225

​

Total Revenue

$

8,277

​

3,077

​

1,453

​

1,237

​

14,044

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Year ended

​

​

December 31, 2020

​

​

​

QxH

​

QVC Int'l

​

Zulily

​

Corp and other

​

Total

​

​

in millions

​

Home

$

3,529

​

1,199

​

490

​

903

​

6,121

​

Beauty

​

1,261

​

724

​

73

​

—

​

2,058

​

Apparel

​

1,170

​

437

​

583

​

166

​

2,356

​

Accessories

​

944

​

260

​

394

​

—

​

1,598

​

Electronics

​

1,069

​

122

​

17

​

—

​

1,208

​

Jewelry

​

363

​

216

​

51

​

—

​

630

​

Other revenue

​

169

​

9

​

28

​

—

​

206

​

Total Revenue

$

8,505

​

2,967

​

1,636

​

1,069

​

14,177

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Year ended

​

​

December 31, 2019

​

​

​

QxH

​

QVC Int'l

​

Zulily

​

Corp and other

​

Total

​

​

in millions

​

Home

$

3,053

​

1,010

​

422

​

729

​

5,214

​

Beauty

​

1,304

​

659

​

53

​

—

​

2,016

​

Apparel

​

1,291

​

439

​

582

​

172

​

2,484

​

Accessories

​

919

​

262

​

416

​

—

​

1,597

​

Electronics

​

1,142

​

104

​

15

​

—

​

1,261

​

Jewelry

​

402

​

221

​

54

​

—

​

677

​

Other revenue

​

166

​

14

​

29

​

—

​

209

​

Total Revenue

$

8,277

​

2,709

​

1,571

​

901

​

13,458

​

Summary of activity in allowance for sales returns

​

​

​

​

​

​

​

​

​

​

​

​

Balance beginning of year

​

Additions - charged to earnings

​

Deductions

​

Balance end of year

​

​

in millions

2021

$

300

​

2,145

​

(2,171)

​

274

2020

$

261

​

2,188

​

(2,149)

​

300

2019

$

266

​

2,336

​

(2,341)

​

261

Schedule of weighted average number of shares outstanding

​

​

​

​

​

​

​

​

​

​

​

​

​

Years ended December 31,

 

​

    

​

2021

    

2020

    

2019

 

​

​

​

number of shares in millions

 

Basic WASO

​

​

403

​

416

​

424

​

Potentially dilutive shares

​

​

12

​

5

​

—

​

Diluted WASO

​

​

415

​

421

​

424

​