Qurate Retail, Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

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

Guarantor/Non-Guarantor Subsidiary Financial Information (Statement of Financial Position) (Details) (USD $) In Millions, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Current assets:
Cash and cash equivalents, beginning of period	$ 347	$ 457	$ 540	$ 560
Restricted cash	12	14
Accounts receivable, less allowance for doubtful accounts of $91 million at December 31, 2014 and $83 million at December 31, 2013	1,196us-gaap_AccountsReceivableNetCurrent	1,111us-gaap_AccountsReceivableNetCurrent
Inventories	882us-gaap_InventoryNet	931us-gaap_InventoryNet
Deferred income taxes	210	162
Prepaid expenses	50us-gaap_PrepaidExpenseCurrent	47us-gaap_PrepaidExpenseCurrent
Total current assets	2,697us-gaap_AssetsCurrent	2,722us-gaap_AssetsCurrent
Property and equipment, net of accumulated depreciation of $884 million at December 31, 2014 and $919 million at December 31, 2013	1,026us-gaap_PropertyPlantAndEquipmentNet	1,106us-gaap_PropertyPlantAndEquipmentNet
Cable and satellite television distribution rights, net	461	624
Goodwill	5,091us-gaap_Goodwill	5,197us-gaap_Goodwill	5,234us-gaap_Goodwill
Other intangible assets, net	3,143	3,336
Other noncurrent assets	58us-gaap_OtherAssetsNoncurrent	71us-gaap_OtherAssetsNoncurrent
Investments in subsidiaries	0	0
Total assets	12,476us-gaap_Assets	13,056us-gaap_Assets
Current liabilities:
Current portion of debt and capital lease obligations	9	13
Accounts payable-trade	629us-gaap_AccountsPayableTradeCurrent	494us-gaap_AccountsPayableTradeCurrent
Accrued liabilities	885us-gaap_AccruedLiabilitiesCurrent	960us-gaap_AccruedLiabilitiesCurrent
Intercompany accounts payable (receivable)	0	0
Total current liabilities	1,523us-gaap_LiabilitiesCurrent	1,467us-gaap_LiabilitiesCurrent
Long-term portion of debt and capital lease obligations	4,620	3,800
Deferred compensation	17	14
Deferred income taxes	1,121	1,326
Other long-term liabilities	149us-gaap_OtherLiabilitiesNoncurrent	108us-gaap_OtherLiabilitiesNoncurrent
Total liabilities	7,430us-gaap_Liabilities	6,715us-gaap_Liabilities
QVC, Inc. stockholder's equity:
QVC, Inc. stockholder's equity	4,943us-gaap_StockholdersEquity	6,222us-gaap_StockholdersEquity
Noncontrolling interest	103us-gaap_MinorityInterest	119us-gaap_MinorityInterest
Total equity	5,046	6,341	6,834	8,019
Total liabilities and equity	12,476	13,056
Parent issuer- QVC, Inc.
Current assets:
Cash and cash equivalents, beginning of period	2	78	75	3
Restricted cash	10	11
Accounts receivable, less allowance for doubtful accounts of $91 million at December 31, 2014 and $83 million at December 31, 2013	909	816
Inventories	680	684
Deferred income taxes	192	146
Prepaid expenses	25	20
Total current assets	1,818	1,755
Property and equipment, net of accumulated depreciation of $884 million at December 31, 2014 and $919 million at December 31, 2013	273	265
Cable and satellite television distribution rights, net	0	0
Goodwill	4,184	4,169
Other intangible assets, net	1,023	1,128
Other noncurrent assets	1	8
Investments in subsidiaries	4,681	4,894
Total assets	11,980	12,219
Current liabilities:
Current portion of debt and capital lease obligations	2	2
Accounts payable-trade	420	336
Accrued liabilities	282	393
Intercompany accounts payable (receivable)	1,384	1,019
Total current liabilities	2,088	1,750
Long-term portion of debt and capital lease obligations	4,565	3,745
Deferred compensation	16	13
Deferred income taxes	269	399
Other long-term liabilities	99	90
Total liabilities	7,037	5,997
QVC, Inc. stockholder's equity:
QVC, Inc. stockholder's equity	4,943	6,222
Noncontrolling interest	0	0
Total equity	4,943	6,222
Total liabilities and equity	11,980	12,219
Combined subsidiary guarantors
Current assets:
Cash and cash equivalents, beginning of period	123	133	165	223
Restricted cash	0	0
Accounts receivable, less allowance for doubtful accounts of $91 million at December 31, 2014 and $83 million at December 31, 2013	0	0
Inventories	0	0
Deferred income taxes	0	0
Prepaid expenses	0	0
Total current assets	123	133
Property and equipment, net of accumulated depreciation of $884 million at December 31, 2014 and $919 million at December 31, 2013	68	67
Cable and satellite television distribution rights, net	388	510
Goodwill	0	0
Other intangible assets, net	2,051	2,050
Other noncurrent assets	0	0
Investments in subsidiaries	1,386	1,628
Total assets	4,016	4,388
Current liabilities:
Current portion of debt and capital lease obligations	0	0
Accounts payable-trade	0	0
Accrued liabilities	143	96
Intercompany accounts payable (receivable)	(921)	(879)
Total current liabilities	(778)	(783)
Long-term portion of debt and capital lease obligations	0	0
Deferred compensation	0	0
Deferred income taxes	877	923
Other long-term liabilities	0	0
Total liabilities	99	140
QVC, Inc. stockholder's equity:
QVC, Inc. stockholder's equity	3,917	4,248
Noncontrolling interest	0	0
Total equity	3,917	4,248
Total liabilities and equity	4,016	4,388
Combined non-guarantor subsidiaries
Current assets:
Cash and cash equivalents, beginning of period	222	246	300	334
Restricted cash	2	3
Accounts receivable, less allowance for doubtful accounts of $91 million at December 31, 2014 and $83 million at December 31, 2013	287	295
Inventories	202	247
Deferred income taxes	18	16
Prepaid expenses	25	27
Total current assets	756	834
Property and equipment, net of accumulated depreciation of $884 million at December 31, 2014 and $919 million at December 31, 2013	685	774
Cable and satellite television distribution rights, net	73	114
Goodwill	907	1,028
Other intangible assets, net	69	158
Other noncurrent assets	57	63
Investments in subsidiaries	0	0
Total assets	2,547	2,971
Current liabilities:
Current portion of debt and capital lease obligations	7	11
Accounts payable-trade	209	158
Accrued liabilities	460	471
Intercompany accounts payable (receivable)	(463)	(140)
Total current liabilities	213	500
Long-term portion of debt and capital lease obligations	55	55
Deferred compensation	1	1
Deferred income taxes	(25)	4
Other long-term liabilities	50	18
Total liabilities	294	578
QVC, Inc. stockholder's equity:
QVC, Inc. stockholder's equity	2,150	2,274
Noncontrolling interest	103	119
Total equity	2,253	2,393
Total liabilities and equity	2,547	2,971
Eliminations
Current assets:
Cash and cash equivalents, beginning of period	0	0	0	0
Restricted cash	0	0
Accounts receivable, less allowance for doubtful accounts of $91 million at December 31, 2014 and $83 million at December 31, 2013	0	0
Inventories	0	0
Deferred income taxes	0	0
Prepaid expenses	0	0
Total current assets	0	0
Property and equipment, net of accumulated depreciation of $884 million at December 31, 2014 and $919 million at December 31, 2013	0	0
Cable and satellite television distribution rights, net	0	0
Goodwill	0	0
Other intangible assets, net	0	0
Other noncurrent assets	0	0
Investments in subsidiaries	(6,067)	(6,522)
Total assets	(6,067)	(6,522)
Current liabilities:
Current portion of debt and capital lease obligations	0	0
Accounts payable-trade	0	0
Accrued liabilities	0	0
Intercompany accounts payable (receivable)	0	0
Total current liabilities	0	0
Long-term portion of debt and capital lease obligations	0	0
Deferred compensation	0	0
Deferred income taxes	0	0
Other long-term liabilities	0	0
Total liabilities	0	0
QVC, Inc. stockholder's equity:
QVC, Inc. stockholder's equity	(6,067)	(6,522)
Noncontrolling interest	0	0
Total equity	(6,067)	(6,522)
Total liabilities and equity	$ (6,067)	$ (6,522)