Qurate Retail, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Financial Instruments (Tables)

Financial Instruments (Tables)

6 Months Ended

Jun. 30, 2011


Type of	June 30,	December 31,
financial instrument	2011	2010
	amounts in millions

Liabilities
Borrowed shares (1)	$ 1,148	1,219
Other	107	139
	1,255	1,358
Less current portion	1,167	(1,264)
	$ 88	94

(1) The market values of borrowed shares are as follows:


	June 30,	December 31,
	2011	2010
	amounts in millions

Time Warner	$ 110	97
Time Warner Cable	59	50
Sprint (a)	147	221
Motorola Solutions (b)	341	471
Motorola Mobility (b)	143	--
CenturyLink (a)	76	165
Priceline	267	208
Other	5	7

	$ 1,148	1,219

(a)In January 2011, Liberty unwound a portion of the borrowed share position with respect to approximately 25 million Sprint shares and 2 million CenturyLink shares through the delivery of such shares to the counterparty. The asset associated with these AFS securities ($115 million and $74 million, respectively) was retired as well as the liability ($115 million and $74 million, respectively) associated with those borrowed share positions.

(b)As discussed in note 6, Motorola Inc. separated into two companies effective January 4, 2011 through a stock distribution and reverse stock split.

Realized And Unrealized Gains (Losses) On Financial Instruments


	Three months ended		Six months ended
	June 30,		June 30,
	2011	2010	2011	2010
	amounts in millions

Non-strategic Securities (1)	$ 138	(179)	429	30
Exchangeable senior debentures	22	86	(165)	16
Equity collars	--	(4)	--	(2)
Borrowed shares (1)	(23)	64	(118)	61
Other	6	(48)	40	(19)
	$ 143	(81)	186	86

(1)The unrealized gains (losses) on Non-strategic Securities for the three and six months ended June 30, 2011 include gains of $23 million and $118 million, respectively, and for the three and six months ended June 30, 2010 include losses of $64 million and $61 million, respectively, related to securities pledged as collateral under the share borrowing arrangements.