Annual report pursuant to Section 13 and 15(d)

Long-Term Debt (Tables)

v3.20.4
Long-Term Debt (Tables)
 12 Months Ended
Dec. 31, 2020
Debt Disclosure [Abstract]  
Schedule of debt Long-term debt and finance lease obligations consisted of the following:
December 31,
(in millions) 2020 2019
3.5% Exchangeable Senior Debentures due 2031
 $ 393  — 
5.125% Senior Secured Notes due 2022 —  500 
4.375% Senior Secured Notes due 2023, net of original issue discount 750  750 
4.85% Senior Secured Notes due 2024, net of original issue discount 600  600 
4.45% Senior Secured Notes due 2025, net of original issue discount 599  599 
4.75% Senior Secured Notes due 2027 575  — 
4.375% Senior Secured Notes due 2028 500  — 
5.45% Senior Secured Notes due 2034, net of original issue discount 399  399 
5.95% Senior Secured Notes due 2043, net of original issue discount 300  300 
6.375% Senior Secured Notes due 2067 225  225 
6.25% Senior Secured Notes due 2068 500  500 
Senior secured credit facility —  1,105 
Finance lease obligations (note 9) 168  181 
Less debt issuance costs, net (50) (40)
Total debt and finance lease obligations 4,959  5,119 
Less current portion (410) (18)
Long-term portion of debt and finance lease obligations $ 4,549  5,101 
Schedule of Maturities of Long-term Debt
The annual principal maturities of QVC's debt, based on stated maturity dates, for each of the next five years are as follows:
(in millions) Debt (1)
2021 $ 8 
2022 8 
2023 758 
2024 609 
2025 609 
(1) Amounts exclude finance lease obligations (see Note 9) and the issue discounts on the 4.375%, 4.45%, 4.85%, 5.45% and 5.95% Senior Secured Notes.