Annual report pursuant to Section 13 and 15(d)

Summary of Significant Accounting Policies (Tables)

v3.22.0.1
Summary of Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2021
Summary of Significant Accounting Policies  
Summary of activity in the allowance for credit losses

Balance

Additions

Balance

 

beginning

Charged

Deductions-

end of

 

of year

to expense

Other

write-offs

year

 

amounts in millions

 

2021

    

$

132

    

55

    

 

    

(80)

 

    

107

2020

$

129

    

92

    

 

    

(89)

 

    

132

2019

    

$

117

    

130

    

4

 

    

(122)

 

    

129

Schedule of Property and Equipment

December 31,

December 31,

 

2021

2020

amounts in millions

 

Land

    

$

116

    

133

Buildings and improvements

 

998

 

1,291

Support equipment

 

1,155

 

1,243

Projects in progress

 

55

 

44

Finance lease right-of-use ("ROU") assets

277

278

Total property and equipment

$

2,601

 

2,989

Schedule of disaggregation of revenue

Year ended

December 31, 2021

QxH

QVC Int'l

Zulily

Corp and other

Total

in millions

Home

$

3,278

1,237

440

1,038

5,993

Beauty

1,223

723

66

2,012

Apparel

1,291

492

559

199

2,541

Accessories

980

265

295

1,540

Electronics

964

119

13

1,096

Jewelry

359

228

50

637

Other revenue

182

13

30

225

Total Revenue

$

8,277

3,077

1,453

1,237

14,044

Year ended

December 31, 2020

QxH

QVC Int'l

Zulily

Corp and other

Total

in millions

Home

$

3,529

1,199

490

903

6,121

Beauty

1,261

724

73

2,058

Apparel

1,170

437

583

166

2,356

Accessories

944

260

394

1,598

Electronics

1,069

122

17

1,208

Jewelry

363

216

51

630

Other revenue

169

9

28

206

Total Revenue

$

8,505

2,967

1,636

1,069

14,177

Year ended

December 31, 2019

QxH

QVC Int'l

Zulily

Corp and other

Total

in millions

Home

$

3,053

1,010

422

729

5,214

Beauty

1,304

659

53

2,016

Apparel

1,291

439

582

172

2,484

Accessories

919

262

416

1,597

Electronics

1,142

104

15

1,261

Jewelry

402

221

54

677

Other revenue

166

14

29

209

Total Revenue

$

8,277

2,709

1,571

901

13,458

Summary of activity in allowance for sales returns

Balance beginning of year

Additions - charged to earnings

Deductions

Balance end of year

in millions

2021

$

300

2,145

(2,171)

274

2020

$

261

2,188

(2,149)

300

2019

$

266

2,336

(2,341)

261

Schedule of weighted average number of shares outstanding

Years ended December 31,

 

    

2021

    

2020

    

2019

 

number of shares in millions

 

Basic WASO

403

416

424

Potentially dilutive shares

12

5

Diluted WASO

415

421

424