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

Intangible Assets (Tables)

v3.26.1
Intangible Assets (Tables)
 12 Months Ended
Dec. 31, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill The changes in the carrying amount of goodwill by operating segment for the years ended December 31, 2025 and 2024 were as follows:
(in millions) QxH QVC-International Total
Balance as of December 31, 2023 $ 2,367  784  3,151 
Impairment (902) —  (902)
Exchange rate fluctuations —  (45) (45)
Balance as of December 31, 2024 1,465  739  2,204 
Impairment (1,465) —  (1,465)
Exchange rate fluctuations —  61  61 
Balance as of December 31, 2025 $ —  800  800 
Schedule of Other Intangible Assets
Other intangible assets consisted of the following:
December 31, 2025 December 31, 2024
(in millions) Gross
cost		 Accumulated
amortization		 Intangible assets, net Gross
cost		 Accumulated
amortization		 Intangible assets, net Weighted average remaining life (years)
Purchased and internally developed software $ 1,116  (917) 199  1,094  (852) 242  2
Affiliate and customer relationships 2,835  (2,788) 47  2,816  (2,722) 94  1
Television distribution rights 161  (93) 68  535  (489) 46  1
Debt origination fees 9  (8) 1  9  (6) 3  1
Intangible assets subject to amortization $ 4,121  (3,806) 315  4,454  (4,069) 385 
Tradenames (indefinite life) $ 1,190  1,190  2,120  2,120  N/A
N/A - Not applicable.
Schedule of Future Amortization and Interest Expense
As of December 31, 2025, the related amortization and interest expense for each of the next five years ending December 31 was as follows (in millions):
2026 $ 214 
2027 69 
2028 30 
2029 2 
2030 —