Quarterly report pursuant to Section 13 or 15(d)

Other Comprehensive Income

v3.23.1
Other Comprehensive Income
 3 Months Ended
Mar. 31, 2023
Other Comprehensive Income (Loss), Net of Tax [Abstract]  
Comprehensive Income (Loss) Other Comprehensive Income (Loss)
The change in the component of accumulated other comprehensive loss, net of taxes ("AOCL"), is summarized as follows:
(in millions) Foreign currency translation adjustments AOCL
Balance at January 1, 2023 (312) (312)
Other comprehensive income attributable to QVC, Inc. stockholder 21  21 
Balance at March 31, 2023 (291) (291)
Balance at January 1, 2022 (146) (146)
Other comprehensive loss attributable to QVC, Inc. stockholder (54) (54)
Balance at March 31, 2022 (200) (200)
The component of other comprehensive income is reflected in QVC's condensed consolidated statements of comprehensive income, net of taxes. The following table summarizes the tax effects related to the component of other comprehensive loss:
(in millions) Before-tax amount Tax benefit (expense) Net-of-tax amount
Three months ended March 31, 2023
Foreign currency translation adjustments $ 21  (1) 20 
Other comprehensive income 21  (1) 20 
Three months ended March 31, 2022
Foreign currency translation adjustments $ (61) 1  (60)
Other comprehensive loss (61) 1  (60)