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

Leases (Tables)

12 Months Ended

Dec. 31, 2024


	Years ended December 31,
	2024		2023	2022

	amounts in millions
Operating lease cost (1)	$	160	168	127
Finance lease cost
Depreciation of leased assets	$	2	2	5
Interest on lease liabilities		—	—	3
Total finance lease cost	$	2	2	8

(1)

Included within operating lease costs were short-term lease costs and variable lease costs, which were not material to the financial statements.


	December 31,
	2024	2023	2022
Weighted-average remaining lease term (years):
Finance leases	—	1.4	1.9
Operating leases	12.2	12.6	9.6
Weighted-average discount rate:
Finance leases	3.4%	2.3%	2.1%
Operating leases	14.4%	13.4%	10.2%


	December 31,
	2024		2023

	amounts in millions
Operating leases:
Operating lease ROU assets	$	600	635

Current operating lease liabilities (1)	$	41	39
Operating lease liabilities		598	615
Total operating lease liabilities	$	639	654

Finance Leases:
Finance lease ROU assets (3)	$	10	10
Finance lease ROU asset accumulated depreciation (3)		(10)	(8)
Finance lease ROU assets, net	$	—	2
Current finance lease liabilities (1)	$	—	1
Finance lease liabilities (2)		—	1
Total finance lease liabilities	$	—	2

(1)

Included within the Other current liabilities line item on the consolidated balance sheets.

(2)

Included within the Other liabilities line item on the consolidated balance sheets.

(3)

Included within the Property and equipment line item on the consolidated balance sheets.

Supplemental cash flow information related to leases was as follows:


	Years ended December 31,
	2024		2023	2022

	in millions
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash outflows from operating leases	$	116	126	108
Operating cash outflows from finance leases	$	—	—	3
Financing cash outflows from finance leases	$	1	2	6
ROU assets obtained in exchange for lease obligations:
Operating leases	$	25	163	306