Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets

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Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 649 $ 357
Restricted cash 9 10
Accounts Receivable, after Allowance for Credit Loss, Current 919 1,362
Inventories 933 1,035
Prepaid expenses and other current assets 136 144
Total current assets 2,646 2,908
Noncurrent assets:    
Property, Plant and Equipment, Net 439 472
Operating Lease, Right-of-Use Asset 475 419
Television distribution rights, net (note 2) 129 72
Goodwill (note 3) 3,469 3,470
Other intangible assets, net (note 3) 3,146 3,184
Other noncurrent assets 57 68
Asset, Held-for-Sale, Not Part of Disposal Group 0 71
Total assets 12,101 12,404
Current liabilities:    
Current portion of debt and finance lease obligations (note 4) 424 216
Accounts payable-trade 623 832
Accrued liabilities 762 911
Other Liabilities, Current 49 57
Total current liabilities 1,858 2,016
Noncurrent liabilities:    
Long-term portion of debt and finance lease obligations (note 4) 4,482 4,721
Deferred Income Tax Liabilities, Net 619 577
Operating Lease, Liability, Noncurrent 441 377
Other long-term liabilities 84 141
Total liabilities 7,484 7,832
QVC, Inc. stockholder's equity:    
Common Stock, Value, Issued 0 0
Additional paid-in capital 10,886 10,869
Accumulated deficit (6,050) (6,080)
Accumulated other comprehensive loss (308) (312)
Total QVC, Inc. stockholder's equity 4,528 4,477
Noncontrolling interest 89 95
Total equity 4,617 4,572
Total liabilities and equity 12,101 12,404
Qurate    
Noncurrent assets:    
Repayment of Notes Receivable from Related Parties $ 1,740 $ 1,740