Registration of securities issued in business combination transactions

Accounts Receivable (Tables)

v2.4.0.8
Accounts Receivable (Tables)
 12 Months Ended
Dec. 31, 2012
Accounts Receivable [Abstract]  
Schedule of the net amount of finance income resulting from credit card operations
The net amount of finance income resulting from credit card operations is included as a reduction of selling, general and administrative expenses and comprised the following:
 
Years ended December 31,
 
(in millions)
2012

2011

2010

Finance charges earned on customers' account balances
$
—

—

81

Less service fees
—

—

(10
)
Subtotal
—

—

71

Finance income under amended agreement
65

58

20

Net finance income
$
65

58

91

Schedule of accounts receivable
Accounts receivable consisted of the following:
 
December 31,
 
(in millions)
2012

2011

QVC Easy-Pay plan
$
816

808

Major credit card and other receivables
313

291


1,129

1,099

Less allowance for doubtful accounts
(74
)
(79
)
Accounts receivable, net
$
1,055

1,020

Summary of activity in the allowance for doubtful accounts
A summary of activity in the allowance for doubtful accounts was as follows:
(in millions)
Balance
beginning
of year

Additions‑
charged
to expense

Deductions‑
write-offs

Change in
revolving
credit card
program

Balance
end of
year

2012
$
79

75

(80
)
—

74

2011
66

68

(55
)
—

79

2010
81

78

(73
)
(20
)
66