Quarterly report [Sections 13 or 15(d)]

Goodwill (Tables)

v3.25.3
Goodwill (Tables)
 9 Months Ended
Sep. 30, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of goodwill
The changes in the carrying amount of goodwill by operating segment for the nine months ended September 30, 2025 were as follows:
(in millions) QxH QVC-Int'l Total
Balance as of December 31, 2024 $ 1,465  739  2,204 
Impairment (1,465) —  (1,465)
Exchange rate fluctuations —  69  69 
Balance as of September 30, 2025 $ —  808  808 
Schedule of acquired intangible assets by class
September 30, 2025 December 31, 2024
(in millions) Gross
cost		 Accumulated
amortization		 Intangible assets subject to amortization, net Gross
cost		 Accumulated
amortization		 Intangible assets subject to amortization, net
Purchased and internally developed software $ 1,174  (959) 215  1,094  (852) 242 
Affiliate and customer relationships 2,834  (2,776) 58  2,816  (2,722) 94 
Television distribution rights 541  (455) 86  535  (489) 46 
Debt origination fees 9  (7) 2  9  (6) 3 
Intangible assets subject to amortization $ 4,558  (4,197) 361  4,454  (4,069) 385 
Tradenames (indefinite life) $ 1,190  1,190  2,120  2,120 
Schedule of finite-lived intangible assets future amortization expense
As of September 30, 2025, the related amortization and interest expense for each of the next five years ended December 31 was as follows (in millions):
Remainder of 2025 $ 80 
2026 200 
2027 58 
2028 22 
2029 1