Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 510 $ 682
Restricted cash 9 8
Allowance for credit losses 99 124
Accounts Receivable, after Allowance for Credit Loss, Current 1,645 1,602
Inventories 1,355 1,119
Prepaid expenses and other current assets 180 293
Total current assets 3,699 3,704
Noncurrent assets:    
Accumulated depreciation 1,354 1,544
Property, Plant and Equipment, Net 966 1,178
Operating Lease, Right-of-Use Asset 201 221
Television Distribution Rights, Net 145 63
Goodwill (note 6) 5,968 6,034
Other intangible assets, net (note 6) 3,407 3,454
Notes Receivable, Related Parties, Noncurrent 1,740 1,825
Other noncurrent assets 62 79
Total assets 16,188 16,558
Current liabilities:    
Current portion of debt and finance lease obligations (note 8) 20 410
Accounts payable-trade 1,271 1,127
Accrued liabilities (note 7) 1,179 1,302
Total current liabilities 2,470 2,839
Noncurrent liabilities:    
Long-term Debt and Lease Obligation 5,023 4,549
Deferred Income Tax Liabilities, Net 636 711
Other long-term liabilities 294 324
Total liabilities $ 8,423 8,423
QVC, Inc. stockholder's equity:    
Common stock par value $ 0.01  
Authorized shares 1  
Common Stock, Value, Issued $ 0 0
Additional paid-in capital 10,687 10,741
Accumulated deficit (2,898) (2,722)
Accumulated other comprehensive loss (note 17) (146) (17)
Total QVC, Inc. stockholder's equity 7,643 8,002
Noncontrolling interest 122 133
Total equity 7,765 8,135
Total liabilities and equity $ 16,188 $ 16,558