Annual report pursuant to Section 13 and 15(d)

Debt (Tables)

v3.20.4
Debt (Tables)
12 Months Ended
Dec. 31, 2020
Debt  
Schedule of debt summarized

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Outstanding

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principal

    

Carrying value

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December 31,

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December 31,

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December 31,

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2020

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2020

​

2019

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amounts in millions

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Corporate level debentures

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​

​

​

​

​

​

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8.5% Senior Debentures due 2029

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$

287

 

285

 

285

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8.25% Senior Debentures due 2030

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505

 

502

 

502

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4% Exchangeable Senior Debentures due 2029

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​

430

 

362

 

327

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3.75% Exchangeable Senior Debentures due 2030

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432

 

346

 

318

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3.5% Exchangeable Senior Debentures due 2031

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—

 

—

 

422

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0.75% Exchangeable Senior Debentures due 2043

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—

 

—

 

2

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1.75% Exchangeable Senior Debentures due 2046

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​

332

​

649

​

488

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Subsidiary level notes and facilities

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​

​

​

​

​

​

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QVC 5.125% Senior Secured Notes due 2022

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—

 

—

 

500

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QVC 4.375% Senior Secured Notes due 2023

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750

 

750

 

750

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QVC 4.85% Senior Secured Notes due 2024

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​

600

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600

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600

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QVC 4.45% Senior Secured Notes due 2025

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600

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600

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599

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QVC 4.75% Senior Secured Notes due 2027

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​

575

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575

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—

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QVC 4.375% Senior Secured Notes due 2028

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​

500

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500

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—

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QVC 5.45% Senior Secured Notes due 2034

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​

400

​

400

​

399

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QVC 5.95% Senior Secured Notes due 2043

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300

 

300

 

300

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QVC 6.375% Senior Secured Notes due 2067

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​

225

​

225

​

225

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QVC 6.25% Senior Secured Notes due 2068

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​

500

​

500

​

500

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3.5% Exchangeable Senior Debentures due 2031

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​

218

​

393

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—

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QVC Bank Credit Facilities

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—

 

—

 

1,235

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Deferred loan costs

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—

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(51)

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(40)

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Total consolidated Qurate Retail debt

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$

6,654

 

6,936

 

7,412

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Less debt classified as current

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(1,750)

 

(1,557)

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Total long-term debt

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​

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$

5,186

 

5,855

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Schedule of Five Year Maturities

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

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2021

    

$

11

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2022

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$

11

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2023

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$

761

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2024

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$

612

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2025

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$

612

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

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December 31,

 

​

    

2020

    

2019

 

Senior debentures

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$

892

 

804

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QVC senior secured notes

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$

4,705

 

4,011

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