Quarterly report pursuant to Section 13 or 15(d)

Long-Term Debt (Tables)

v3.7.0.1
Long-Term Debt (Tables)
3 Months Ended
Mar. 31, 2017
Long-term Debt, Unclassified [Abstract]  
Debt Excluding Intergroup Debt

 

 

 

 

 

 

 

 

 

 

 

 

Outstanding

 

 

 

 

 

 

 

 

principal at

 

Carrying value

 

 

    

March 31, 2017

    

March 31, 2017

    

December 31, 2016

 

 

 

amounts in millions

 

QVC Group

 

 

 

 

 

 

 

 

 

Corporate level debentures

 

 

 

 

 

 

 

 

 

8.5% Senior Debentures due 2029

 

$

287

 

 

285

 

285

 

8.25% Senior Debentures due 2030

 

 

504

 

 

502

 

501

 

1% Exchangeable Senior Debentures due 2043

 

 

 1

 

 

 —

 

 —

 

Subsidiary level notes and facilities

 

 

 

 

 

 

 

 

 

QVC 3.125% Senior Secured Notes due 2019

 

 

400

 

 

399

 

399

 

QVC 5.125% Senior Secured Notes due 2022

 

 

500

 

 

500

 

500

 

QVC 4.375% Senior Secured Notes due 2023

 

 

750

 

 

750

 

750

 

QVC 4.85% Senior Secured Notes due 2024

 

 

600

 

 

600

 

600

 

QVC 4.45% Senior Secured Notes due 2025

 

 

600

 

 

599

 

599

 

QVC 5.45% Senior Secured Notes due 2034

 

 

400

 

 

399

 

399

 

QVC 5.95% Senior Secured Notes due 2043

 

 

300

 

 

300

 

300

 

QVC Bank Credit Facilities

 

 

1,699

 

 

1,699

 

1,896

 

Other subsidiary debt

 

 

180

 

 

180

 

174

 

Deferred loan costs

 

 

 

 

 

(29)

 

(28)

 

Total QVC Group debt

 

$

6,221

 

 

6,184

 

6,375

 

Ventures Group

 

 

 

 

 

 

 

 

 

Corporate level debentures

 

 

 

 

 

 

 

 

 

4% Exchangeable Senior Debentures due 2029

 

$

435

 

 

290

 

276

 

3.75% Exchangeable Senior Debentures due 2030

 

 

436

 

 

284

 

267

 

3.5% Exchangeable Senior Debentures due 2031

 

 

333

 

 

324

 

316

 

0.75% Exchangeable Senior Debentures due 2043

 

 

 1

 

 

 3

 

 3

 

1.75% Exchangeable Senior Debentures due 2046

 

 

750

 

 

845

 

805

 

Total Ventures Group debt

 

$

1,955

 

 

1,746

 

1,667

 

Total consolidated Liberty debt

 

$

8,176

 

 

7,930

 

8,042

 

Less current classification

 

 

 

 

 

(917)

 

(876)

 

Total long-term debt

 

 

 

 

$

7,013

 

7,166

 

 

Debt Securities That Are Not Reported At Fair Value

The fair value of Liberty's publicly traded debt securities that are not reported at fair value in the accompanying condensed consolidated balance sheet at March 31, 2017 are as follows (amounts in millions):

 

 

 

 

 

 

Senior debentures

 

$

865

 

QVC senior secured notes

    

$

3,532