Quarterly report [Sections 13 or 15(d)]

Intangible Assets (Tables)

v3.26.1
Intangible Assets (Tables)
 3 Months Ended
Mar. 31, 2026
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Changes in the Carrying Amount of Goodwill
Changes in the carrying amount of goodwill for the three months ended March 31, 2026 were as follows:
QVC Int'l
amounts in millions
Balance at December 31, 2025 $ 800 
Foreign currency translation adjustments (18)
Balance at March 31, 2026 $ 782 
Schedule of Finite-Lived Intangible Assets
Other intangible assets consist of the following:
March 31, 2026 December 31, 2025
Gross carrying amount Accumulated amortization Intangible assets, net Gross carrying amount Accumulated amortization Intangible assets, net
amounts in millions
Purchased and internally developed software $ 1,243  (1,044) 199  1,230  (1,015) 215 
Affiliate and customer relationships 2,831  (2,795) 36  2,835  (2,788) 47 
Television distribution rights 155  (98) 57  161  (93) 68 
Other 55  (49) 6  54  (48) 6 
Intangible assets subject to amortization $ 4,284  (3,986) 298  4,280  (3,944) 336 
Tradenames (indefinite life) $ 1,190  1,190  1,190  1,190 
Schedule of Amortization Expense for Future Maturities
As of March 31, 2026, QVC Group expects that amortization expense will be as follows for the next five years (amounts in millions):
Remainder of 2026 $ 170 
2027 85 
2028 37 
2029 6 
2030 —