Annual report pursuant to Section 13 and 15(d)

Summary of Significant Accounting Policies (Tables)

v3.8.0.1
Summary of Significant Accounting Policies (Tables)
 12 Months Ended
Dec. 31, 2017
Accounting Policies [Abstract]  
Schedule of goodwill
The changes in the carrying amount of goodwill for the years ended December 31, 2017 and 2016 were as follows:
(in millions)
QVC-U.S.

QVC-Germany

QVC-Japan

QVC-U.K.

QVC-Italy

Total

Balance as of December 31, 2015
$
4,190

278

251

193

123

5,035

Exchange rate fluctuations
—

(11
)
7

(32
)
(4
)
(40
)
Balance as of December 31, 2016
4,190

267

258

161

119

4,995

Exchange rate fluctuations
—

38

11

15

16

80

Balance as of December 31, 2017
$
4,190

305

269

176

135

5,075

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

2017
$
93

982

(979
)
96

2016
103

1,010

(1,020
)
93

2015
109

1,213

(1,219
)
103