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

Long-Term Debt (Tables)

v3.25.0.1
Long-Term Debt (Tables)
 12 Months Ended
Dec. 31, 2024
Debt Disclosure [Abstract]  
Schedule of debt
Long-term debt and finance lease obligations consisted of the following:
December 31,
(in millions) 2024 2023
4.85% Senior Secured Notes due 2024, net of original issue discount
 —  423 
4.45% Senior Secured Notes due 2025, net of original issue discount
 585  585 
4.75% Senior Secured Notes due 2027
 44  575 
4.375% Senior Secured Notes due 2028
 72  500 
6.875% Senior Secured Notes due 2029
 605  — 
5.45% Senior Secured Notes due 2034, net of original issue discount
 400  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 1,195  857 
Finance lease obligations —  2 
Less: debt issuance costs, net (28) (31)
Total debt and finance lease obligations 3,898  4,335 
Less: current portion (585) (424)
Long-term portion of debt and finance lease obligations $ 3,313  3,911 
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)
2025 $ 586 
2026 1,195 
2027 44 
2028 72 
2029 605 
(1) Amounts exclude the issue discounts on the 2025 Notes, 5.45% Senior Secured Notes due 2034 and 5.95% Senior Secured Notes due 2043.