Quarterly report [Sections 13 or 15(d)]

Consolidated Balance Sheets

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Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2025
Dec. 31, 2024
Current assets:    
Cash Equivalents, at Carrying Value $ 295 $ 297
Accounts Receivable, after Allowance for Credit Loss, Current 832 1,134
Inventories 1,001 901
Other current assets 145 172
Total current assets 2,273 2,504
Noncurrent assets:    
Property, Plant and Equipment, Net 388 410
Operating Lease, Right-of-Use Asset 476 482
Goodwill 2,230 2,204
Indefinite-Lived Trade Names 2,120 2,120
Finite-Lived Intangible Assets, Net 402 385
Other noncurrent assets 46 44
Total assets 9,675 9,889
Current liabilities:    
Accounts payable 624 722
Accrued liabilities 729 874
Current debt (note 3) 0 585
Other Liabilities, Current 47 52
Total current liabilities 1,400 2,233
Noncurrent liabilities:    
Long-term debt (note 3) 3,969 3,313
Deferred Income Tax Liabilities, Net 397 394
Operating Lease, Liability, Noncurrent 472 475
Other liabilities 101 105
Total liabilities 6,339 6,520
Stockholder's equity:    
Common Stock, Value, Issued 0 0
Additional paid-in capital 11,204 11,201
Accumulated deficit (7,622) (7,538)
Accumulated other comprehensive earnings (loss) (324) (370)
Total stockholder's equity 3,258 3,293
Noncontrolling interest in equity of subsidiary 78 76
Total equity 3,336 3,369
Total liabilities and equity 9,675 9,889
Qurate    
Noncurrent assets:    
Financing Receivable, after Allowance for Credit Loss, Noncurrent $ 1,740 $ 1,740