Quarterly report [Sections 13 or 15(d)]

Goodwill (Tables)

v3.26.1
Goodwill (Tables)
 3 Months Ended
Mar. 31, 2026
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of goodwill
Changes in the carrying amount of goodwill for the three months ended March 31, 2026 were as follows:
(in millions) QVC-Int'l
Balance as of December 31, 2025 $ 800 
Exchange rate fluctuations (18)
Balance as of March 31, 2026 $ 782 
Schedule of acquired intangible assets by class
March 31, 2026 December 31, 2025
(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 $ 1,128  (943) 185  1,116  (917) 199 
Affiliate and customer relationships 2,831  (2,795) 36  2,835  (2,788) 47 
Television distribution rights 155  (98) 57  161  (93) 68 
Debt origination fees 9  (8) 1  9  (8) 1 
Intangible assets subject to amortization $ 4,123  (3,844) 279  4,121  (3,806) 315 
Tradenames (indefinite life) $ 1,190  1,190  1,190  1,190 
Schedule of finite-lived intangible assets future amortization expense
As of March 31, 2026, the related amortization expense will be as follows for the next five years (in millions):
Remainder of 2026 $ 161 
2027 77 
2028 35 
2029 6 
2030 —