Annual report pursuant to Section 13 and 15(d)

Summary of Significant Accounting Policies (Tables)

v3.22.4
Summary of Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2022
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

 

2022

    

$

107

    

82

    

(1)

 

    

(77)

 

    

111

2021

$

132

    

55

    

 

    

(80)

 

    

107

2020

    

$

129

    

92

    

 

    

(89)

 

    

132

Schedule of Property and Equipment

December 31,

 

2022

2021

amounts in millions

 

Land

    

$

73

    

116

Buildings and improvements

 

453

 

998

Support equipment

 

1,041

 

1,155

Projects in progress

 

77

 

55

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

17

277

Total property and equipment

$

1,661

 

2,601

Schedule of disaggregation of revenue

Year ended December 31, 2022

QxH

QVC Int'l

CBI

Corp and other

Total

amounts in millions

Home

$

2,866

998

1,112

241

5,217

Apparel

1,243

445

201

351

2,240

Beauty

1,108

579

42

1,729

Accessories

867

217

210

1,294

Electronics

775

92

7

874

Jewelry

311

185

32

528

Other revenue

189

12

23

224

Total Revenue

$

7,359

2,528

1,313

906

12,106

Year ended December 31, 2021

QxH

QVC Int'l

CBI

Corp and other

Total

amounts in millions

Home

$

3,278

1,237

1,038

440

5,993

Apparel

1,291

492

199

559

2,541

Beauty

1,223

723

66

2,012

Accessories

980

265

295

1,540

Electronics

964

119

13

1,096

Jewelry

359

228

50

637

Other revenue

182

13

1

29

225

Total Revenue

$

8,277

3,077

1,238

1,452

14,044

Year ended December 31, 2020

QxH

QVC Int'l

CBI

Corp and other

Total

amounts in millions

Home

$

3,529

1,199

903

490

6,121

Beauty

1,261

724

73

2,058

Apparel

1,170

437

167

583

2,357

Accessories

944

260

394

1,598

Electronics

1,069

122

17

1,208

Jewelry

363

216

51

630

Other revenue

169

9

27

205

Total Revenue

$

8,505

2,967

1,070

1,635

14,177

Summary of activity in allowance for sales returns

Balance beginning of year

Additions - charged to earnings

Deductions

Balance end of year

amounts in millions

2022

$

274

1,917

(1,976)

215

2021

$

300

2,145

(2,171)

274

2020

$

261

2,188

(2,149)

300

Schedule of WASO

Years ended December 31,

 

    

2022

    

2021

    

2020

 

number of shares in millions

 

Basic WASO

380

403

416

Potentially dilutive shares

3

12

5

Diluted WASO

383

415

421