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, 2014
Dec. 31, 2013
Current assets:    
Cash and cash equivalents $ 586 $ 457
Restricted cash 12 14
Accounts receivable, less allowance for doubtful accounts of $86 million at September 30, 2014 and $83 million at December 31, 2013 768 1,111
Inventories 1,083 931
Deferred income taxes 172 162
Prepaid expenses 56 47
Total current assets 2,677 2,722
Noncurrent assets:    
Property and equipment, net of accumulated depreciation of $923 million at September 30, 2014 and $919 million at December 31, 2013 1,029 1,106
Cable and satellite television distribution rights, net 509 624
Goodwill 5,144 5,197
Other intangible assets, net 3,186 3,336
Other noncurrent assets 60 71
Total assets 12,605 13,056
Current liabilities:    
Current portion of debt and capital lease obligations 10 13
Accounts payable-trade 594 494
Accrued liabilities 701 960
Total current liabilities 1,305 1,467
Noncurrent liabilities:    
Long-term portion of debt and capital lease obligations 4,135 3,800
Deferred compensation 16 14
Deferred income taxes 1,162 1,326
Other long-term liabilities 160 108
Total liabilities 6,778 6,715
QVC, Inc. stockholder's equity:    
Common stock, $0.01 par value 0 0
Additional paid-in capital 6,739 6,703
Accumulated deficit (1,074) (620)
Accumulated other comprehensive income 45 139
Total QVC, Inc. stockholder's equity 5,710 6,222
Noncontrolling interest 117 119
Total equity 5,827 6,341
Total liabilities and equity $ 12,605 $ 13,056