Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 357 $ 510
Restricted cash 10 9
Allowance for credit losses 102 99
Accounts Receivable, after Allowance for Credit Loss, Current 1,362 1,645
Inventory, Net 1,035 1,355
Prepaid expenses and other current assets 144 180
Total current assets 2,908 3,699
Noncurrent assets:    
Accumulated depreciation 929 1,371
Property, Plant and Equipment, Net 472 919
Operating Lease, Right-of-Use Asset 419 201
Television Distribution Rights, Net 72 145
Goodwill (note 6) 3,470 5,968
Other intangible assets, net (note 6) 3,184 3,407
Notes Receivable, Related Parties, Noncurrent 1,740 1,740
Other noncurrent assets 68 62
Assets Held-for-sale, Not Part of Disposal Group 71 0
Total assets 12,404 16,141
Current liabilities:    
Current portion of debt and finance lease obligations (note 8) 216 20
Accounts payable-trade 832 1,271
Accrued and other current liabilities (note 7) 968 1,179
Total current liabilities 2,016 2,470
Noncurrent liabilities:    
Long-term Debt and Lease Obligation 4,721 5,023
Deferred Income Tax Liabilities, Net 577 633
Other long-term liabilities 518 294
Total liabilities $ 7,832 8,420
QVC, Inc. stockholder's equity:    
Common stock par value $ 0.01  
Authorized shares 1  
Common Stock, Value, Issued $ 0 0
Additional paid-in capital 10,869 10,687
Accumulated deficit (6,080) (2,942)
Accumulated other comprehensive loss (note 17) (312) (146)
Total QVC, Inc. stockholder's equity 4,477 7,599
Noncontrolling interest 95 122
Total equity 4,572 7,721
Total liabilities and equity $ 12,404 $ 16,141