Annual report pursuant to Section 13 and 15(d)

Significant Accounting Policies (Tables)

v2.4.1.9
Significant Accounting Policies (Tables)
 12 Months Ended
Dec. 31, 2014
Accounting Policies [Abstract]  
Schedule of goodwill
The changes in the carrying amount of goodwill for the years ended December 31, 2014 and 2013 were as follows:
(in millions)
QVC-U.S.

QVC-Germany

QVC-Japan

QVC-U.K.

QVC-Italy

Total

Balance as of December 31, 2012
$
4,190

334

349

212

149

5,234

Exchange rate fluctuations
—

14

(61
)
4

6

(37
)
Balance as of December 31, 2013
4,190

348

288

216

155

5,197

Exchange rate fluctuations
—

(40
)
(35
)
(13
)
(18
)
(106
)
Balance as of December 31, 2014
$
4,190

308

253

203

137

5,091

Summary of activity in allowance for sales returns
A summary of activity in the allowance for sales returns, recorded on a net margin basis, was as follows:
(in millions)
Balance
beginning
of year

Additions-
charged
to earnings

Deductions

Balance
end of
year

2014
$
106

1,253

(1,250
)
109

2013
90

1,296

(1,280
)
106

2012
85

1,222

(1,217
)
90