Qurate Retail, Inc. Annual report pursuant to Section 13 and 15(d)

Debt (Tables)

Debt (Tables)

12 Months Ended

Dec. 31, 2018

Long-term Debt, Unclassified [Abstract]


	Outstanding
	principal			Carrying value
	December 31,			December 31,	December 31,
	2018			2018	2017
	amounts in millions
Corporate level debentures
8.5% Senior Debentures due 2029	$	287		286	285
8.25% Senior Debentures due 2030		504		502	502
4% Exchangeable Senior Debentures due 2029		433		304	316
3.75% Exchangeable Senior Debentures due 2030		434		307	318
3.5% Exchangeable Senior Debentures due 2031		318		377	342
0.75% Exchangeable Senior Debentures due 2043		—		2	2
1.75% Exchangeable Senior Debentures due 2046		332		344	868
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 6.375% Senior Secured Notes due 2067		225		225	—
QVC Bank Credit Facilities		1,320		1,320	1,763
HSN Bank Credit Facility		—		—	460
Other subsidiary debt		188		188	170
Deferred loan costs		—		(29)	(24)
Total consolidated Qurate Retail debt	$	7,591		7,373	8,549
Less debt classified as current				(1,410)	(996)
Total long-term debt			$	5,963	7,553

Schedule of Five Year Maturities

The annual principal maturities of Qurate Retail's debt and capital lease obligations, based on stated maturity dates, for each of the next five years is as follows (amounts in millions):


2019	$	433
2020	$	32
2021	$	32
2022	$	530
2023	$	2,101

Debt Securities That Are Not Reported At Fair Value

The fair value, based on quoted prices of instruments not considered to be active markets (Level 2), of Qurate Retail's publicly traded debt securities that are not reported at fair value in the accompanying consolidated balance sheets is as follows (amounts in millions):


	December 31,
	2018		2017
Senior debentures	$	786	866
QVC senior secured notes	$	3,573	3,636