Quarterly report pursuant to Section 13 or 15(d)

Condensed Balance Sheets

v3.5.0.2
Condensed Balance Sheets - USD ($)
$ in Millions
Sep. 30, 2016
Dec. 31, 2015
Current assets:    
Cash and cash equivalents $ 319 $ 327
Restricted cash 11 11
Accounts receivable, less allowance for doubtful accounts of $90 at September 30, 2016 and $86 at December 31, 2015 794 1,370
Inventories 1,123 929
Prepaid expenses and other current assets 50 42
Total current assets 2,297 2,679
Noncurrent assets:    
Property and equipment, net of accumulated depreciation of $1,045 at September 30, 2016 and $941 at December 31, 2015 1,087 1,002
Cable and satellite television distribution rights, net 205 339
Goodwill 5,069 5,035
Other intangible assets, net 2,793 2,936
Other noncurrent assets 87 67
Total assets 11,538 12,058
Current liabilities:    
Current portion of debt and capital lease obligations 13 9
Accounts payable-trade 637 658
Accrued liabilities 626 872
Total current liabilities 1,276 1,539
Noncurrent liabilities:    
Long-term portion of debt and capital lease obligations 5,254 5,393
Deferred income taxes 750 827
Other long-term liabilities 153 181
Total liabilities 7,433 7,940
QVC, Inc. stockholder's equity:    
Common stock, $0.01 par value, 1 authorized share 0 0
Additional paid-in capital 6,842 6,827
Accumulated deficit (2,740) (2,669)
Accumulated other comprehensive loss (122) (140)
Total QVC, Inc. stockholder's equity 3,980 4,018
Noncontrolling interest 125 100
Total equity 4,105 4,118
Total liabilities and equity $ 11,538 $ 12,058