Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets

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Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2018
Dec. 31, 2017
Current assets:    
Cash and cash equivalents $ 485 $ 260
Restricted cash 8 8
Accounts receivable, less allowance for doubtful accounts of $86 at June 30, 2018 and $91 at December 31, 2017 896 1,388
Inventories 1,038 1,019
Prepaid expenses and other current assets 114 51
Total current assets 2,541 2,726
Noncurrent assets:    
Property and equipment, net of accumulated depreciation of $1,239 at June 30, 2018 and $1,174 at December 31, 2017 979 1,005
Television distribution rights, net 106 78
Goodwill 5,062 5,075
Other intangible assets, net 2,591 2,605
Other noncurrent assets 60 61
Total assets 11,339 11,550
Current liabilities:    
Current portion of debt and capital lease obligations 417 17
Accounts payable-trade 596 756
Accrued liabilities 651 872
Total current liabilities 1,664 1,645
Noncurrent liabilities:    
Long-term portion of debt and capital lease obligations 4,623 5,173
Deferred income taxes 476 473
Other long-term liabilities 119 117
Total liabilities 6,882 7,408
QVC, Inc. stockholder's equity:    
Common stock, $0.01 par value, 1 authorized share 0 0
Additional paid-in capital 7,050 6,897
Accumulated deficit (2,583) (2,772)
Accumulated other comprehensive loss (121) (93)
Total QVC, Inc. stockholder's equity 4,346 4,032
Noncontrolling interest 111 110
Total equity 4,457 4,142
Total liabilities and equity $ 11,339 $ 11,550