Quarterly report pursuant to Section 13 or 15(d)

Information about QVC's Operating Segments (Tables)

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Information about QVC's Operating Segments (Tables)
 3 Months Ended
Mar. 31, 2024
Segment Reporting [Abstract]  
Disaggregation of Revenue [Table Text Block]
Disaggregated revenue by segment and product category consisted of the following:
Three months ended March 31, 2024 Three months ended March 31, 2023
(in millions) QxH QVC-International Total QxH QVC-International Total
Home $ 589  237  826  635  237  872 
Apparel 282  108  390  295  113  408 
Beauty 239  129  368  246  133  379 
Accessories 201  48  249  192  51  243 
Electronics 108  15  123  110  17  127 
Jewelry 80  33  113  77  39  116 
Other revenue 40  2  42  46  2  48 
Total net revenue $ 1,539  572  2,111  1,601  592  2,193 
Schedule of Revenue and Adjusted OIBDA by Segment
Adjusted OIBDA is summarized as follows:
Three months ended March 31,
2024 2023
(in millions) Net
revenue		 Adjusted
OIBDA		 Net
revenue		 Adjusted
OIBDA
QxH $ 1,539  185  1,601  139 
QVC-International 572  75  592  72 
   Consolidated QVC $ 2,111  260  2,193  211 
Schedule of Depreciation and Amortization by Segment
Other information
Three months ended March 31,
2024 2023
(in millions) Depreciation Amortization Depreciation Amortization
QxH $ 14  67  15  63 
QVC-International 6  5  8  3 
Consolidated QVC $ 20  72  23  66 
Schedule of Capital Expenditures and Total Assets by Segment
March 31, 2024
(in millions) Total
assets		 Capital
expenditures		 Property and equipment, net
QxH $ 9,582  22  254 
QVC-International 1,793  10  153 
Consolidated QVC $ 11,375  32  407 
Reconciliation of Adjusted OIBDA to Income before Income Taxes
The following table provides a reconciliation of Adjusted OIBDA to operating income and income before income taxes:
Three months ended March 31,
(in millions) 2024 2023
Adjusted OIBDA $ 260  211 
Gains on sales of assets and sale leaseback transactions 1  113 
Restructuring, penalties and fire related costs, net of (recoveries) (including Rocky Mount inventory losses) —  4 
Stock-based compensation (12) (9)
Depreciation and amortization (92) (89)
Operating income 157  230 
Losses on financial instruments —  (1)
Interest expense, net (62) (37)
Foreign currency loss (1) (6)
Income before income taxes $ 94  186