Quarterly report pursuant to Section 13 or 15(d)

Guarantor/Non-Guarantor Subsidiary Financial Information (Statement of Operations) (Details)

v2.4.0.8
Guarantor/Non-Guarantor Subsidiary Financial Information (Statement of Operations) (Details) (USD $)
In Millions, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
Condensed Financial Statements, Captions [Line Items]        
Net revenue $ 2,020 $ 1,947 $ 6,020 $ 5,882
Cost of goods sold 1,266 1,222 3,772 3,701
Gross profit 754 725 2,248 2,181
Operating expenses:        
Operating 175 176 533 520
Selling, general and administrative, including stock-based compensation 156 151 459 444
Depreciation 34 26 100 89
Amortization 113 113 336 324
Intercompany management expense (income) 0 0 0 0
Operating expenses 478 466 1,428 1,377
Operating income 276 259 820 804
Other (expense) income:        
Equity in losses of investee (2) (2) (5) (3)
Gains on financial instruments 0 0 0 15
Interest expense, net (60) (52) (182) (165)
Foreign currency gain (loss) 2 (1) 2 (2)
Loss on extinguishment of debt (48) 0 (48) (57)
Other intercompany (expense) income 0 0 0 0
Nonoperating income (expense) (108) (55) (233) (212)
Income before income taxes 168 204 587 592
Income tax expense (65) (70) (222) (213)
Equity in earnings of subsidiaries, net of tax 0 0 0 0
Net income 103 134 365 379
Less net income attributable to the noncontrolling interest (8) (9) (27) (34)
Net income attributable to QVC, Inc. stockholder 95 125 338 345
Parent company
       
Condensed Financial Statements, Captions [Line Items]        
Net revenue 1,384 1,319 4,076 3,959
Cost of goods sold 873 833 2,565 2,512
Gross profit 511 486 1,511 1,447
Operating expenses:        
Operating 42 39 124 114
Selling, general and administrative, including stock-based compensation 249 237 715 700
Depreciation 10 10 29 28
Amortization 56 51 166 153
Intercompany management expense (income) 54 14 93 46
Operating expenses 411 351 1,127 1,041
Operating income 100 135 384 406
Other (expense) income:        
Equity in losses of investee 0 0 0 0
Gains on financial instruments       12
Interest expense, net (60) (52) (173) (164)
Foreign currency gain (loss) 6 (9) 3 (12)
Loss on extinguishment of debt (48)   (48) (57)
Other intercompany (expense) income (6) (4) (16) (11)
Nonoperating income (expense) (108) (65) (234) (232)
Income before income taxes (8) 70 150 174
Income tax expense (15) (21) (22) (52)
Equity in earnings of subsidiaries, net of tax 126 85 237 257
Net income 103 134 365 379
Less net income attributable to the noncontrolling interest (8) (9) (27) (34)
Net income attributable to QVC, Inc. stockholder 95 125 338 345
Guarantor subsidiaries
       
Condensed Financial Statements, Captions [Line Items]        
Net revenue 198 190 562 555
Cost of goods sold 27 26 75 74
Gross profit 171 164 487 481
Operating expenses:        
Operating 50 49 144 143
Selling, general and administrative, including stock-based compensation 0 1 0 1
Depreciation 1 1 4 4
Amortization 39 37 115 107
Intercompany management expense (income) (1) (1) (9) (8)
Operating expenses 89 87 254 247
Operating income 82 77 233 234
Other (expense) income:        
Equity in losses of investee 0 0 0 0
Gains on financial instruments       0
Interest expense, net 0 0 0 (1)
Foreign currency gain (loss) (2) 0 (2) (1)
Loss on extinguishment of debt 0   0 0
Other intercompany (expense) income 13 13 39 37
Nonoperating income (expense) 11 13 37 35
Income before income taxes 93 90 270 269
Income tax expense (29) (27) (81) (87)
Equity in earnings of subsidiaries, net of tax 13 3 (6) 29
Net income 77 66 183 211
Less net income attributable to the noncontrolling interest 0 0 0 0
Net income attributable to QVC, Inc. stockholder 77 66 183 211
Non-guarantor subsidiaries
       
Condensed Financial Statements, Captions [Line Items]        
Net revenue 684 675 2,083 2,065
Cost of goods sold 430 427 1,308 1,300
Gross profit 254 248 775 765
Operating expenses:        
Operating 83 88 265 263
Selling, general and administrative, including stock-based compensation 89 86 269 255
Depreciation 23 15 67 57
Amortization 18 25 55 64
Intercompany management expense (income) (53) (13) (84) (38)
Operating expenses 160 201 572 601
Operating income 94 47 203 164
Other (expense) income:        
Equity in losses of investee (2) (2) (5) (3)
Gains on financial instruments       3
Interest expense, net 0 0 (9) 0
Foreign currency gain (loss) (2) 8 1 11
Loss on extinguishment of debt 0   0 0
Other intercompany (expense) income (7) (9) (3) (26)
Nonoperating income (expense) (11) (3) (16) (15)
Income before income taxes 83 44 187 149
Income tax expense (21) (22) (119) (74)
Equity in earnings of subsidiaries, net of tax 0 0 0 0
Net income 62 22 68 75
Less net income attributable to the noncontrolling interest (8) (9) (27) (34)
Net income attributable to QVC, Inc. stockholder 54 13 41 41
Eliminations
       
Condensed Financial Statements, Captions [Line Items]        
Net revenue (246) (237) (701) (697)
Cost of goods sold (64) (64) (176) (185)
Gross profit (182) (173) (525) (512)
Operating expenses:        
Operating 0 0 0 0
Selling, general and administrative, including stock-based compensation (182) (173) (525) (512)
Depreciation 0 0 0 0
Amortization 0 0 0 0
Intercompany management expense (income) 0 0 0 0
Operating expenses (182) (173) (525) (512)
Operating income 0 0 0 0
Other (expense) income:        
Equity in losses of investee 0 0 0 0
Gains on financial instruments       0
Interest expense, net 0 0 0 0
Foreign currency gain (loss) 0 0 0 0
Loss on extinguishment of debt 0   0 0
Other intercompany (expense) income 0 0 (20) 0
Nonoperating income (expense) 0 0 (20) 0
Income before income taxes 0 0 (20) 0
Income tax expense 0 0 0 0
Equity in earnings of subsidiaries, net of tax (139) (88) (231) (286)
Net income (139) (88) (251) (286)
Less net income attributable to the noncontrolling interest 8 9 27 34
Net income attributable to QVC, Inc. stockholder $ (131) $ (79) $ (224) $ (252)