Annual report [Section 13 and 15(d), not S-K Item 405]

Consolidated Balance Sheets

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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 297 $ 307
Restricted cash 18 15
Allowance for credit losses 89 101
Accounts Receivable, after Allowance for Credit Loss, Current 1,134 1,295
Inventory, Net 901 860
Prepaid Expense, Current 154 162
Total current assets 2,504 2,639
Noncurrent assets:    
Accumulated depreciation 891 908
Property, Plant and Equipment, Net 410 427
Operating Lease, Right-of-Use Asset 482 510
Television Distribution Rights, Net 46 83
Goodwill 2,204 3,151
Other intangible assets, net (note 6) 2,459 3,111
Other noncurrent assets 44 54
Assets Held-for-sale, Not Part of Disposal Group 0 5
Total assets 9,889 11,720
Current liabilities:    
Current portion of debt and finance lease obligations (note 7) 585 424
Accounts payable-trade 722 838
Accrued liabilities 874 938
Other Liabilities, Current 52 51
Total current liabilities 2,233 2,251
Noncurrent liabilities:    
Long-term Debt and Lease Obligation 3,313 3,911
Operating Lease, Liability, Noncurrent 475 488
Deferred Income Tax Liabilities, Net 394 621
Other long-term liabilities 105 112
Total liabilities $ 6,520 7,383
QVC, Inc. stockholder's equity:    
Common stock par value $ 0.01  
Authorized shares 1  
Common Stock, Value, Issued $ 0 0
Additional paid-in capital 11,201 10,901
Accumulated deficit (7,538) (6,361)
Accumulated other comprehensive loss (370) (290)
Total QVC, Inc. stockholder's equity 3,293 4,250
Noncontrolling interest 76 87
Total equity 3,369 4,337
Total liabilities and equity 9,889 11,720
Qurate    
Noncurrent assets:    
Financing Receivable, after Allowance for Credit Loss, Noncurrent $ 1,740 $ 1,740