Annual report pursuant to Section 13 and 15(d)

Summary of Significant Accounting Policies (Tables)

Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2020

Summary of Significant Accounting Policies

Summary of activity in the allowance for doubtful accounts


		Balance			Additions								Balance
		beginning			Charged					Deductions-			end of
		of year			to expense		Other			write-offs			year

		amounts in millions
2020		$	129		92		—			(89)			132
2019		$	117		130		4			(122)			129
2018		$	92		123		3			(101)			117

Schedule of Property and Equipment


		December 31,			December 31,
		2020			2019

		amounts in millions
Land		$	133		128
Buildings and improvements			1,291		1,204
Support equipment			1,243		1,023
Projects in progress			44		169
Finance lease right-of-use ("ROU") assets			278		282
Total property and equipment		$	2,989		2,806

Schedule of disaggregation of revenue


	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


	Year ended
	December 31, 2018
		QxH		QVC Int'l		Zulily		Corp and other		Total

	in millions
Home	$	3,185		1,023		511		791		5,510
Beauty		1,330		640		50		—		2,020
Apparel		1,325		453		684		180		2,642
Accessories		934		273		472		—		1,679
Electronics		1,134		119		18		—		1,271
Jewelry		474		213		53		—		740
Other revenue		162		17		29		—		208
Total Revenue	$	8,544		2,738		1,817		971		14,070

Summary of activity in allowance for sales returns


		Balance beginning of year		Additions - charged to earnings		Deductions		Balance end of year

		in millions
2020	$	261		2,188		(2,149)		300
2019	$	266		2,336		(2,341)		261
2018	$	267		2,434		(2,435)		266

Schedule of net earnings attributable to stockholders

Net earnings (loss) attributable to Qurate Retail stockholders is comprised of the following (amounts in millions):


		Years ended December 31,
		2020			2019		2018
Qurate Retail
Net earnings (loss) from continuing operations		$	1,204		(456)		674
Net earnings (loss) from discontinued operations		$	NA		NA		NA
Liberty Ventures
Net earnings (loss) from continuing operations		$	NA		NA		101
Net earnings (loss) from discontinued operations		$	NA		NA		141

Schedule of weighted average number of shares outstanding


			Years ended December 31,
			2020		2019		2018

			number of shares in millions
Basic WASO			416		424		462
Potentially dilutive shares			5		—		3
Diluted WASO			421		424		465