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

Summary of Significant Accounting Policies (Tables)

v3.25.0.1
Summary of Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2024
Summary of Significant Accounting Policies  
Schedule 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

 

2024

    

$

102

    

57

    

(1)

 

    

(67)

 

    

91

2023

$

111

    

59

    

(6)

 

    

(62)

 

    

102

2022

    

$

107

    

82

    

(1)

 

    

(77)

 

    

111

Schedule of Property and Equipment

December 31,

 

2024

2023

amounts in millions

 

Land

    

$

63

    

68

Buildings and improvements

 

452

 

421

Support equipment

 

884

 

917

Projects in progress

 

51

 

59

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

10

10

Total property and equipment

$

1,460

 

1,475

Schedule of disaggregation of revenue

Year ended December 31, 2024

QxH

QVC Int'l

CBI

Corp and other

Total

amounts in millions

Home

$

2,626

975

864

4,465

Apparel

1,177

418

176

1,771

Beauty

1,010

566

1,576

Accessories

799

208

1,007

Electronics

539

69

608

Jewelry

293

161

454

Other revenue

154

2

156

Total Revenue

$

6,598

2,399

1,040

10,037

Year ended December 31, 2023

QxH

QVC Int'l

CBI

Corp and other

Total

amounts in millions

Home

$

2,768

982

984

76

4,810

Apparel

1,207

436

181

113

1,937

Beauty

1,083

588

14

1,685

Accessories

846

208

79

1,133

Electronics

617

68

2

687

Jewelry

304

165

11

480

Other revenue

170

7

6

183

Total Revenue

$

6,995

2,454

1,165

301

10,915

Year ended December 31, 2022

QxH

QVC Int'l

CBI

Corp and other

Total

amounts in millions

Home

$

2,866

998

1,112

241

5,217

Apparel

1,243

445

201

351

2,240

Beauty

1,108

579

42

1,729

Accessories

867

217

210

1,294

Electronics

775

92

7

874

Jewelry

311

185

32

528

Other revenue

189

12

23

224

Total Revenue

$

7,359

2,528

1,313

906

12,106

Schedule of activity in allowance for sales returns

Balance beginning of year

Additions - charged to earnings

Deductions

Balance end of year

amounts in millions

2024

$

219

1,734

(1,763)

190

2023

$

215

1,898

(1,894)

219

2022

$

274

1,917

(1,976)

215

Schedule of WASO

Years ended December 31,

 

    

2024

    

2023

    

2022

 

number of shares in millions

 

Basic WASO

396

387

380

Potentially dilutive shares

1

3

Diluted WASO

396

388

383