Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets

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Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 413 $ 510
Restricted cash 9 9
Accounts Receivable, after Allowance for Credit Loss, Current 1,111 1,645
Inventories 1,409 1,355
Prepaid expenses and other current assets 169 180
Total current assets 3,111 3,699
Noncurrent assets:    
Property and equipment, net of accumulated depreciation of $1,307 at June 30, 2022 and $1,371 at December 31, 2021 730 919
Operating Lease, Right-of-Use Asset 227 201
Television distribution rights, net (note 2) 104 145
Goodwill (note 3) 5,879 5,968
Other intangible assets, net (note 3) 3,377 3,407
Note receivable - related party (note 1) 1,740 1,740
Other noncurrent assets 60 62
Total assets 15,228 16,141
Current liabilities:    
Current portion of debt and finance lease obligations (note 5) 225 20
Accounts payable-trade 875 1,271
Accrued liabilities (note 4) 942 1,179
Total current liabilities 2,042 2,470
Noncurrent liabilities:    
Long-term portion of debt and finance lease obligations (note 5) 4,619 5,023
Deferred Income Tax Liabilities, Net 612 633
Other long-term liabilities 303 294
Total liabilities 7,576 8,420
QVC, Inc. stockholder's equity:    
Common stock, $0.01 par value, 1 authorized share 0 0
Additional paid-in capital 10,628 10,687
Accumulated deficit (2,751) (2,942)
Accumulated other comprehensive loss (330) (146)
Total QVC, Inc. stockholder's equity 7,547 7,599
Noncontrolling interest 105 122
Total equity 7,652 7,721
Total liabilities and equity 15,228 16,141
Note receivable - related party (note 1) $ 1,740 $ 1,740