Quarterly report pursuant to Section 13 or 15(d)

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

v3.19.3
Guarantor/Non-Guarantor Subsidiary Financial Information (Statement of Financial Position) (Details) - USD ($)
$ in Millions
Sep. 30, 2019
Jun. 30, 2019
Jan. 01, 2019
Dec. 31, 2018
Sep. 30, 2018
Jun. 30, 2018
Dec. 31, 2017
Current assets:              
Cash and cash equivalents $ 551     $ 543      
Restricted cash 8     7      
Accounts receivable, net 1,218     1,787      
Inventories 1,439     1,280      
Prepaid expenses and other current assets 135     216      
Total current assets 3,351     3,833      
Property and equipment, net 1,179     1,165      
Operating Lease, Right-of-Use Asset 218   $ 92 0      
Television distribution rights, net 169     140      
Goodwill 5,954     5,972      
Other intangible assets, net 3,652     3,666      
Other noncurrent assets 109     80      
Investments in subsidiaries 0     0      
Total assets 14,632     14,856      
Current liabilities:              
Current portion of debt and finance lease obligations 18     421      
Accounts payable-trade 868     1,008      
Accrued liabilities 835     1,026      
Intercompany accounts payable (receivable) 0     0      
Total current liabilities 1,721     2,455      
Long-term portion of debt and finance lease obligations 5,115     4,699      
Deferred income taxes 727     700      
Other long-term liabilities 350     173      
Total liabilities 7,913     8,027      
QVC, Inc. stockholder's equity:              
QVC, Inc. stockholder's equity 6,596     6,710      
Noncontrolling interest 123     119      
Total equity 6,719 $ 6,743   6,829 $ 6,606 $ 6,118 $ 5,796
Total liabilities and equity 14,632     14,856      
Parent issuer- QVC, Inc.              
Current assets:              
Cash and cash equivalents 31     73      
Restricted cash 5     5      
Accounts receivable, net 733     1,166      
Inventories 870     725      
Prepaid expenses and other current assets 66     95      
Total current assets 1,705     2,064      
Property and equipment, net 266     281      
Operating Lease, Right-of-Use Asset 3            
Television distribution rights, net 0     0      
Goodwill 4,190     4,190      
Other intangible assets, net 553     529      
Other noncurrent assets 17     8      
Investments in subsidiaries 5,819     5,523      
Total assets 12,553     12,595      
Current liabilities:              
Current portion of debt and finance lease obligations 3     403      
Accounts payable-trade 490     494      
Accrued liabilities 173     358      
Intercompany accounts payable (receivable) 110     (95)      
Total current liabilities 776     1,160      
Long-term portion of debt and finance lease obligations 4,972     4,540      
Deferred income taxes 68     63      
Other long-term liabilities 141     122      
Total liabilities 5,957     5,885      
QVC, Inc. stockholder's equity:              
QVC, Inc. stockholder's equity 6,596     6,710      
Noncontrolling interest 0     0      
Total equity 6,596     6,710      
Total liabilities and equity 12,553     12,595      
Combined subsidiary guarantors              
Current assets:              
Cash and cash equivalents 263     192      
Restricted cash 0     0      
Accounts receivable, net 198     307      
Inventories 274     310      
Prepaid expenses and other current assets 18     73      
Total current assets 753     882      
Property and equipment, net 237     213      
Operating Lease, Right-of-Use Asset 17            
Television distribution rights, net 168     139      
Goodwill 922     922      
Other intangible assets, net 3,072     3,116      
Other noncurrent assets 10     20      
Investments in subsidiaries 962     885      
Total assets 6,141     6,177      
Current liabilities:              
Current portion of debt and finance lease obligations 1     1      
Accounts payable-trade 132     201      
Accrued liabilities 357     394      
Intercompany accounts payable (receivable) (1,290)     (1,015)      
Total current liabilities (800)     (419)      
Long-term portion of debt and finance lease obligations 6     6      
Deferred income taxes 686     695      
Other long-term liabilities 21     34      
Total liabilities (87)     316      
QVC, Inc. stockholder's equity:              
QVC, Inc. stockholder's equity 6,228     5,861      
Noncontrolling interest 0     0      
Total equity 6,228     5,861      
Total liabilities and equity 6,141     6,177      
Combined non-guarantor subsidiaries              
Current assets:              
Cash and cash equivalents 257     278      
Restricted cash 3     2      
Accounts receivable, net 287     314      
Inventories 295     245      
Prepaid expenses and other current assets 51     48      
Total current assets 893     887      
Property and equipment, net 676     671      
Operating Lease, Right-of-Use Asset 198            
Television distribution rights, net 1     1      
Goodwill 842     860      
Other intangible assets, net 27     21      
Other noncurrent assets 82     52      
Investments in subsidiaries 0     0      
Total assets 2,719     2,492      
Current liabilities:              
Current portion of debt and finance lease obligations 14     17      
Accounts payable-trade 246     313      
Accrued liabilities 305     274      
Intercompany accounts payable (receivable) 1,180     1,110      
Total current liabilities 1,745     1,714      
Long-term portion of debt and finance lease obligations 137     153      
Deferred income taxes (27)     (58)      
Other long-term liabilities 188     17      
Total liabilities 2,043     1,826      
QVC, Inc. stockholder's equity:              
QVC, Inc. stockholder's equity 553     547      
Noncontrolling interest 123     119      
Total equity 676     666      
Total liabilities and equity 2,719     2,492      
Eliminations              
Current assets:              
Cash and cash equivalents 0     0      
Restricted cash 0     0      
Accounts receivable, net 0     0      
Inventories 0     0      
Prepaid expenses and other current assets 0     0      
Total current assets 0     0      
Property and equipment, net 0     0      
Operating Lease, Right-of-Use Asset 0            
Television distribution rights, net 0     0      
Goodwill 0     0      
Other intangible assets, net 0     0      
Other noncurrent assets 0     0      
Investments in subsidiaries (6,781)     (6,408)      
Total assets (6,781)     (6,408)      
Current liabilities:              
Current portion of debt and finance 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 finance lease obligations 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 (6,781)     (6,408)      
Noncontrolling interest 0     0      
Total equity (6,781)     (6,408)      
Total liabilities and equity $ (6,781)     $ (6,408)