|
Debt is summarized as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Outstanding
principal at
March 31, 2026 |
|
Carrying value |
|
|
March 31, 2026 |
|
December 31, 2025 |
|
|
|
|
|
|
|
amounts in millions |
| Corporate level debentures |
|
|
|
|
|
8.5% Senior Debentures due 2029 |
$ |
287 |
|
|
286 |
|
|
286 |
|
8.25% Senior Debentures due 2030 |
505 |
|
|
503 |
|
|
503 |
|
4.0% Exchangeable Senior Debentures due 2029(1)(2)
|
280 |
|
|
18 |
|
|
24 |
|
3.75% Exchangeable Senior Debentures due 2030(1)(2)
|
413 |
|
|
18 |
|
|
28 |
|
| Subsidiary level notes and facilities |
|
|
|
|
|
QVC 4.75% Senior Secured Notes due 2027(2)
|
44 |
|
|
44 |
|
|
44 |
|
QVC 4.375% Senior Secured Notes due 2028(2)
|
72 |
|
|
72 |
|
|
72 |
|
QVC 6.875% Senior Secured Notes due 2029(2)
|
605 |
|
|
605 |
|
|
605 |
|
QVC 5.45% Senior Secured Notes due 2034(2)
|
400 |
|
|
400 |
|
|
400 |
|
QVC 5.95% Senior Secured Notes due 2043(2)
|
300 |
|
|
300 |
|
|
300 |
|
QVC 6.375% Senior Secured Notes due 2067(2)
|
225 |
|
|
225 |
|
|
225 |
|
QVC 6.25% Senior Secured Notes due 2068(2)
|
500 |
|
|
500 |
|
|
500 |
|
QVC Senior Secured Credit Facility(2)
|
2,900 |
|
|
2,900 |
|
|
2,900 |
|
| Finance lease obligations |
— |
|
|
2 |
|
|
2 |
|
Deferred loan costs(2)
|
— |
|
|
(23) |
|
|
(24) |
|
| Total consolidated QVC Group debt |
$ |
6,531 |
|
|
5,850 |
|
|
5,865 |
|
| Less current classification |
|
|
(5,060) |
|
|
(5,075) |
|
| Total long-term debt |
|
|
$ |
790 |
|
|
$ |
790 |
|
(1)Measured at fair value.
(2)Classified as current at March 31, 2026 and December 31, 2025.
|