Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets

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Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 522 $ 510
Restricted cash 9 9
Accounts Receivable, after Allowance for Credit Loss, Current 1,272 1,645
Inventories 1,468 1,355
Prepaid expenses and other current assets 182 180
Total current assets 3,453 3,699
Noncurrent assets:    
Property and equipment, net of accumulated depreciation of $1,359 at March 31, 2022 and $1,354 at December 31, 2021 926 966
Operating lease right-of-use assets (note 6) 195 201
Television distribution rights, net (note 2) 116 145
Goodwill (note 3) 5,941 5,968
Other intangible assets, net (note 3) 3,391 3,407
Note receivable - related party (note 1) 1,740 1,740
Other noncurrent assets 61 62
Total assets 15,823 16,188
Current liabilities:    
Current portion of debt and finance lease obligations (note 5) 769 20
Accounts payable-trade 1,087 1,271
Accrued liabilities (note 4) 959 1,179
Total current liabilities 2,815 2,470
Noncurrent liabilities:    
Long-term portion of debt and finance lease obligations (note 5) 4,514 5,023
Deferred income taxes (note 8) 619 636
Other long-term liabilities 284 294
Total liabilities $ 8,232 8,423
QVC, Inc. stockholder's equity:    
Common stock par value $ 0.01  
Common Stock, Shares Authorized 1  
Common Stock, Value, Issued $ 0 0
Additional paid-in capital 10,643 10,687
Accumulated deficit (2,968) (2,898)
Accumulated other comprehensive loss (200) (146)
Total QVC, Inc. stockholder's equity 7,475 7,643
Noncontrolling interest 116 122
Total equity 7,591 7,765
Total liabilities and equity $ 15,823 $ 16,188