Annual report pursuant to Section 13 and 15(d)

Other Comprehensive Earnings (Loss)

v3.10.0.1
Other Comprehensive Earnings (Loss)
 12 Months Ended
Dec. 31, 2018
Other Comprehensive Earnings (Loss) [Abstract]  
Other Comprehensive Earnings (Loss)

(14)  Other Comprehensive Earnings (Loss)

Accumulated other comprehensive earnings (loss) included in the Company’s consolidated balance sheets and consolidated statements of equity reflect the aggregate of foreign currency translation adjustments, comprehensive earnings (loss) attributable to debt credit risk adjustments and the Company's share of accumulated other comprehensive earnings of affiliates.

The change in the components of accumulated other comprehensive earnings (loss), net of taxes ("AOCI"), is summarized as follows:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    

 

 

 

 

    

Comprehensive

 

 

    

    

 

 

 

Foreign

    

Share of

 

Earnings (loss)

 

 

 

 

 

 

 

currency

 

AOCI

 

Attributable to

 

 

 

 

 

 

 

translation

 

of equity

 

Debt Credit Risk

 

 

 

 

 

 

 

adjustments

 

affiliates

 

Adjustments

 

Other

 

AOCI

 

 

 

amounts in millions

 

Balance at January 1, 2016

 

$

(175)

 

(40)

 

 —

 

 —

 

(215)

 

Other comprehensive earnings (loss) attributable to Qurate Retail, Inc. stockholders

 

 

(85)

 

(1)

 

 —

 

 —

 

(86)

 

Distribution of Liberty Expedia Holdings

 

 

 —

 

35

 

 —

 

 —

 

35

 

Balance at December 31, 2016

 

 

(260)

 

(6)

 

 —

 

 —

 

(266)

 

Other comprehensive earnings (loss) attributable to Qurate Retail, Inc. stockholders

 

 

130

 

 3

 

 —

 

 —

 

133

 

Balance at December 31, 2017

 

$

(130)

 

(3)

 

 —

 

 —

 

(133)

 

Other comprehensive earnings (loss) attributable to Qurate Retail, Inc. stockholders

 

 

(50)

 

(2)

 
38

 

16

 

 2

 

Cumulative effect of accounting change

 

 

 —

 

 —

 

 —

 

76

 

76

 

Balance at December 31, 2018

 

$

(180)

 

(5)

 

38

 

92

 

(55)

 

 

The components of other comprehensive earnings (loss) are reflected in Qurate Retail's consolidated statements of comprehensive earnings (loss) net of taxes.  The following table summarizes the tax effects related to each component of other comprehensive earnings (loss).

 

 

 

 

 

 

 

 

 

 

    

    

 

    

Tax

    

    

 

 

 

Before-tax

 

(expense)

 

Net-of-tax

 

 

 

amount

 

benefit

 

amount

 

 

 

amounts in millions

 

Year ended December 31, 2018:

 

 

 

 

 

 

 

 

Foreign currency translation adjustments

 

$

(49)

 

 1

 

(48)

 

Recognition of previously unrealized losses (gains) on debt, net

 

 

21

 

(5)

 

16

 

Share of other comprehensive earnings (loss) of equity affiliates

 

 

(3)

 

 1

 

(2)

 

Comprehensive earnings (loss) attributable to debt credit risk adjustments

 

 

50

 

(12)

 

38

 

Other comprehensive earnings (loss)

 

$

19

 

(15)

 

 4

 

Year ended December 31, 2017:

 

 

 

 

 

 

 

 

Foreign currency translation adjustments

 

$

155

 

(21)

 

134

 

Share of other comprehensive earnings (loss) of equity affiliates

 

 

 5

 

(2)

 

 3

 

Other comprehensive earnings (loss)

 

$

160

 

(23)

 

137

 

Year ended December 31, 2016:

 

 

 

 

 

 

 

 

Foreign currency translation adjustments

 

$

(97)

 

13

 

(84)

 

Share of other comprehensive earnings (loss) of equity affiliates

 

 

(8)

 

 3

 

(5)

 

Other comprehensive earnings (loss) from discontinued operations

 

 

(3)

 

 1

 

(2)

 

Other

 

 

10

 

(4)

 

 6

 

Other comprehensive earnings (loss)

 

$

(98)

 

13

 

(85)