Annual report pursuant to Section 13 and 15(d)

Summary of Significant Accounting Policies (Tables)

v3.22.4
Summary of Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2022
Summary of Significant Accounting Policies  
Summary of activity in the allowance for credit losses

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Balance

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Additions

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Balance

 

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beginning

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Charged

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Deductions-

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end of

 

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of year

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to expense

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Other

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write-offs

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year

 

​

​

amounts in millions

 

2022

    

$

107

    

82

    

(1)

 

    

(77)

 

    

111

​

2021

​

$

132

    

55

    

—

 

    

(80)

 

    

107

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2020

    

$

129

    

92

    

—

 

    

(89)

 

    

132

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Schedule of Property and Equipment

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December 31,

 

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2022

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2021

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amounts in millions

 

Land

    

$

73

    

116

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Buildings and improvements

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453

 

998

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Support equipment

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1,041

 

1,155

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Projects in progress

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77

 

55

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

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17

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277

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Total property and equipment

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$

1,661

 

2,601

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Schedule of disaggregation of revenue

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Year ended December 31, 2022

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QxH

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QVC Int'l

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CBI

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Corp and other

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Total

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amounts in millions

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Home

$

2,866

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998

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1,112

​

241

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5,217

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Apparel

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1,243

​

445

​

201

​

351

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2,240

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Beauty

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1,108

​

579

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—

​

42

​

1,729

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Accessories

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867

​

217

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—

​

210

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1,294

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Electronics

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775

​

92

​

—

​

7

​

874

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Jewelry

​

311

​

185

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—

​

32

​

528

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Other revenue

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189

​

12

​

—

​

23

​

224

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Total Revenue

$

7,359

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2,528

​

1,313

​

906

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12,106

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Year ended December 31, 2021

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​

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QxH

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QVC Int'l

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CBI

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Corp and other

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Total

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amounts in millions

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Home

$

3,278

​

1,237

​

1,038

​

440

​

5,993

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Apparel

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1,291

​

492

​

199

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559

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2,541

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Beauty

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1,223

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723

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—

​

66

​

2,012

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Accessories

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980

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265

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—

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295

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1,540

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Electronics

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964

​

119

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—

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13

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1,096

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Jewelry

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359

​

228

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—

​

50

​

637

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Other revenue

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182

​

13

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1

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29

​

225

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Total Revenue

$

8,277

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3,077

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1,238

​

1,452

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14,044

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Year ended December 31, 2020

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QxH

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QVC Int'l

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CBI

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Corp and other

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Total

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amounts in millions

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Home

$

3,529

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1,199

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903

​

490

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6,121

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Beauty

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1,261

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724

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—

​

73

​

2,058

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Apparel

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1,170

​

437

​

167

​

583

​

2,357

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Accessories

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944

​

260

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—

​

394

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1,598

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Electronics

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1,069

​

122

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—

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17

​

1,208

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Jewelry

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363

​

216

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—

​

51

​

630

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Other revenue

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169

​

9

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—

​

27

​

205

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Total Revenue

$

8,505

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2,967

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1,070

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1,635

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14,177

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Summary of activity in allowance for sales returns

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Balance beginning of year

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Additions - charged to earnings

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Deductions

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Balance end of year

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amounts in millions

2022

$

274

​

1,917

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(1,976)

​

215

2021

$

300

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2,145

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(2,171)

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274

2020

$

261

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2,188

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(2,149)

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300

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Schedule of WASO

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Years ended December 31,

 

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2022

    

2021

    

2020

 

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number of shares in millions

 

Basic WASO

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​

380

​

403

​

416

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Potentially dilutive shares

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​

3

​

12

​

5

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Diluted WASO

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​

383

​

415

​

421

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