Quarterly report [Sections 13 or 15(d)]

Long-Term Debt (Tables)

v3.25.3
Long-Term Debt (Tables)
 9 Months Ended
Sep. 30, 2025
Long-Term Debt, Unclassified [Abstract]  
Schedule of Long-Term Debt Instruments
Debt is summarized as follows:
Outstanding
principal at
September 30, 2025		 Carrying value
September 30, 2025 December 31, 2024
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  40  128 
3.75% Exchangeable Senior Debentures due 2030 (1)(2)(3)
427  42  154 
Subsidiary level notes and facilities
QVC 4.45% Senior Secured Notes due 2025(3)
—  —  585 
QVC 4.75% Senior Secured Notes due 2027
 44  44  44 
QVC 4.375% Senior Secured Notes due 2028
 72  72  72 
QVC 6.875% Senior Secured Notes due 2029
 605  605  605 
QVC 5.45% Senior Secured Notes due 2034
 400  400  400 
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 Senior Secured Credit Facility 2,900  2,900  1,195 
Deferred loan costs —  (24) (29)
Total consolidated QVC Group debt $ 6,615  5,893  4,968 
Less current classification (82) (867)
Total long-term debt $ 5,811  4,101 
(1)Measured at fair value
(2)Classified as current at September 30, 2025
(3)Classified as current at December 31, 2024
Schedule of Fair Value of Debt Securities that are not Reported at Fair Value The fair value of QVC Group's publicly traded debt securities that are not reported at fair value in the accompanying condensed consolidated balance sheet at September 30, 2025 are as follows (amounts in millions):
Senior debentures $ 110 
QVC senior secured notes $ 1,055