Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

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Consolidated Balance Sheets (USD $)
In Millions, unless otherwise specified
Dec. 31, 2013
Dec. 31, 2012
Current assets:    
Cash and cash equivalents $ 457 $ 540
Restricted cash 14 15
Accounts receivable, less allowance for doubtful accounts of $83 million at December 31, 2013 and $74 million at December 31, 2012 1,111 1,055
Inventories 931 909
Deferred income taxes 162 151
Prepaid expenses 47 53
Total current assets 2,722 2,723
Noncurrent assets:    
Property, plant and equipment, net of accumulated depreciation of $919 million at December 31, 2013 and $867 million at December 31, 2012 1,106 1,131
Cable and satellite television distribution rights, net 624 764
Goodwill 5,197 5,234
Other intangible assets, net 3,336 3,509
Other noncurrent assets 71 77
Total assets 13,056 13,438
Current liabilities:    
Current portion of debt and capital lease obligations 13 12
Accounts payable-trade 425 566
Accrued liabilities 1,029 955
Total current liabilities 1,467 1,533
Noncurrent liabilities:    
Long-term portion of debt and capital lease obligations 3,800 3,465
Deferred compensation 14 12
Deferred income taxes 1,326 1,410
Other long-term liabilities 108 184
Total liabilities 6,715 6,604
QVC, Inc. shareholder's equity:    
Common stock, $0.01 par value 0 0
Additional paid-in capital 6,703 6,665
Accumulated deficit (620) (161)
Accumulated other comprehensive income 139 186
Total QVC, Inc. shareholder's equity 6,222 6,690
Noncontrolling interest 119 144
Total equity 6,341 6,834
Total liabilities and equity $ 13,056 $ 13,438