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

Debt (Tables)

v3.25.0.1
Debt (Tables)
12 Months Ended
Dec. 31, 2024
Debt  
Schedule of debt summarized

Outstanding

    

principal

    

Carrying value

December 31,

December 31,

December 31,

2024

2024

2023

amounts in millions

Corporate level debentures

8.5% Senior Debentures due 2029

$

287

 

286

 

286

8.25% Senior Debentures due 2030

 

505

 

503

 

503

4% Exchangeable Senior Debentures due 2029 (1)(2)(3)

350

 

128

 

101

3.75% Exchangeable Senior Debentures due 2030 (1)(2)(3)

 

428

 

154

 

118

Subsidiary level notes and facilities

QVC 4.85% Senior Secured Notes due 2024(3)

423

QVC 4.45% Senior Secured Notes due 2025(2)

586

585

585

QVC 4.75% Senior Secured Notes due 2027

44

44

575

QVC 4.375% Senior Secured Notes due 2028

72

72

500

QVC 6.875% Senior Secured Notes due 2029

605

605

QVC 5.45% Senior Secured Notes due 2034

400

400

399

QVC 5.95% Senior Secured Notes due 2043

 

300

 

300

 

300

QVC 6.375% Senior Secured Notes due 2067

225

225

225

QVC 6.25% Senior Secured Notes due 2068

500

500

500

QVC Bank Credit Facilities

 

1,195

 

1,195

 

857

Deferred loan costs

(29)

(32)

Total consolidated QVC Group debt

$

5,497

 

4,968

 

5,340

Less debt classified as current

 

(867)

 

(642)

Total long-term debt

$

4,101

 

4,698

(1) Measured at fair value
(2) Classified as current as of December 31, 2024
(3) Classified as current as of December 31, 2023
Schedule of annual principal maturities based on stated maturity dates

The annual principal maturities of QVC Group's debt, based on stated maturity dates, for each of the next five years is as follows (amounts in millions):

2025

    

$

588

2026

$

1,198

2027

$

47

2028

$

75

2029

$

1,238

Schedule of fair value of debt securities that are not reported at fair value in the accompanying consolidated balance sheet The fair value, based on quoted prices of instruments not considered to be active markets, of QVC Group's publicly traded debt securities that are not reported at fair value in the accompanying consolidated balance sheets is as follows (amounts in millions):

December 31,

 

    

2024

    

2023

 

Senior debentures

$

374

 

350

QVC senior secured notes

$

1,942

 

2,512