Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

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Condensed Consolidated Balance Sheets (USD $)
In Millions, unless otherwise specified
Sep. 30, 2013
Dec. 31, 2012
Current assets:    
Cash and cash equivalents $ 369 $ 540
Restricted cash 13 15
Accounts receivable, less allowance for doubtful accounts of $76 million at September 30, 2013 and $74 million at December 31, 2012 730 1,055
Inventories 1,123 909
Deferred income taxes 156 151
Prepaid expenses 63 53
Total current assets 2,454 2,723
Noncurrent assets:    
Property, plant and equipment, net of accumulated depreciation of $905 million at September 30, 2013 and $867 million at December 31, 2012 1,081 1,131
Cable and satellite television distribution rights, net 654 764
Goodwill 5,205 5,234
Other intangible assets, net 3,374 3,509
Other noncurrent assets 77 77
Total assets 12,845 13,438
Current liabilities:    
Current portion of debt and capital lease obligations 310 12
Accounts payable-trade 535 566
Accrued liabilities 716 955
Total current liabilities 1,561 1,533
Noncurrent liabilities:    
Long-term portion of debt and capital lease obligations 3,552 3,465
Deferred compensation 15 12
Deferred income taxes 1,324 1,410
Other long-term liabilities 155 184
Total liabilities 6,607 6,604
QVC, Inc. shareholder's equity:    
Common stock, $0.01 par value 0 0
Additional paid-in capital 6,695 6,665
Accumulated deficit (757) (161)
Accumulated other comprehensive income 164 186
Total QVC, Inc. shareholder's equity 6,102 6,690
Noncontrolling interest 136 144
Total equity 6,238 6,834
Total liabilities and equity $ 12,845 $ 13,438