| Comprehensive Income (Loss) |
Other Comprehensive Income
The change in the component of accumulated other comprehensive income, net of taxes ("AOCI"), is summarized as follows:
|
|
|
|
|
|
|
(in millions) |
Foreign currency translation adjustments |
|
AOCI |
|
Balance at January 1, 2013 |
$ |
186 |
|
186 |
|
Other comprehensive loss attributable to QVC, Inc. stockholder |
(88 |
) |
(88 |
) |
Balance at June 30, 2013 |
98 |
|
98 |
|
|
|
|
Balance at January 1, 2014 |
$ |
139 |
|
139 |
|
Other comprehensive income attributable to QVC, Inc. stockholder |
15 |
|
15 |
|
Balance at June 30, 2014 |
154 |
|
154 |
|
The component of other comprehensive income is reflected in QVC's condensed consolidated statements of comprehensive income, net of taxes. The following table summarizes the tax effects related to the component of other comprehensive income:
|
|
|
|
|
|
|
|
|
(in millions) |
Before-tax amount |
|
Tax (expense) benefit |
|
Net-of-tax amount |
|
Three months ended June 30, 2014: |
|
|
|
Foreign currency translation adjustments |
$ |
2 |
|
— |
|
2 |
|
Other comprehensive income |
2 |
|
— |
|
2 |
|
|
|
|
|
Three months ended June 30, 2013: |
|
|
|
Foreign currency translation adjustments |
$ |
(13 |
) |
(3 |
) |
(16 |
) |
Other comprehensive loss |
(13 |
) |
(3 |
) |
(16 |
) |
|
|
|
|
Six months ended June 30, 2014: |
|
|
|
Foreign currency translation adjustments |
$ |
21 |
|
(3 |
) |
18 |
|
Other comprehensive income (loss) |
21 |
|
(3 |
) |
18 |
|
|
|
|
|
Six months ended June 30, 2013: |
|
|
|
Foreign currency translation adjustments |
$ |
(129 |
) |
22 |
|
(107 |
) |
Other comprehensive (loss) income |
(129 |
) |
22 |
|
(107 |
) |
|
Other Comprehensive Income
The change in the component of accumulated other comprehensive income, net of taxes ("AOCI"), is summarized as follows:
|
|
|
|
|
|
|
(in millions) |
Foreign currency translation adjustments |
|
AOCI |
|
Balance at January 1, 2011 |
$ |
209 |
|
209 |
|
Other comprehensive loss attributable to QVC, Inc. shareholder |
(15 |
) |
(15 |
) |
Balance at December 31, 2011 |
194 |
|
194 |
|
Other comprehensive loss attributable to QVC, Inc. shareholder |
(8 |
) |
(8 |
) |
Balance at December 31, 2012 |
186 |
|
186 |
|
Other comprehensive loss attributable to QVC, Inc. shareholder |
(47 |
) |
(47 |
) |
Balance at December 31, 2013 |
139 |
|
139 |
|
The component of other comprehensive income is reflected in QVC's consolidated statements of comprehensive income, net of taxes. The following table summarizes the tax effects related to the component of other comprehensive income:
|
|
|
|
|
|
|
|
|
(in millions) |
Before-tax amount |
|
Tax (expense) benefit |
|
Net-of-tax amount |
|
Year ended December 31, 2013: |
|
|
|
Foreign currency translation adjustments |
$ |
(64 |
) |
(8 |
) |
(72 |
) |
Other comprehensive loss |
(64 |
) |
(8 |
) |
(72 |
) |
|
|
|
|
Year ended December 31, 2012: |
|
|
|
Foreign currency translation adjustments |
$ |
(48 |
) |
21 |
|
(27 |
) |
Other comprehensive loss |
(48 |
) |
21 |
|
(27 |
) |
|
|
|
|
Year ended December 31, 2011: |
|
|
|
Foreign currency translation adjustments |
$ |
(20 |
) |
10 |
|
(10 |
) |
Other comprehensive loss |
(20 |
) |
10 |
|
(10 |
) |
|