Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statement of Equity

v3.23.2
Consolidated Statement of Equity - USD ($)
$ in Millions
Total
Common stock
Additional Paid-in Capital [Member]
Accumulated deficit
Accumulated other comprehensive loss
Noncontrolling interest
Balance at Dec. 31, 2021 $ 7,721 $ 0 $ 10,687 $ (2,942) $ (146) $ 122
Balance beginning (in shares) at Dec. 31, 2021   1        
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income 341     312   29
Foreign currency translation adjustments, net of tax (203)       (184) (19)
Dividends paid to Qurate Retail, Inc. and noncontrolling interest (148)     (121)   (27)
Impact of tax liability allocation and indemnification agreement with Qurate Retail, Inc. 4   4      
Share-based Payment Arrangement, Decrease for Tax Withholding Obligation (5)   (5)      
Stock-based compensation $ 18   $ 18      
Common control transaction with Qurate Retail, Inc. (76)   (76)      
Balance ending (in shares) at Jun. 30, 2022   1        
Balance at Jun. 30, 2022 $ 7,652 $ 0 $ 10,628 (2,751) (330) 105
Balance at Mar. 31, 2022 7,547 $ 0 10,643 (3,012) (200) 116
Balance beginning (in shares) at Mar. 31, 2022   1        
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income 285     270   15
Foreign currency translation adjustments, net of tax (143)       (130) (13)
Dividends paid to Qurate Retail, Inc. and noncontrolling interest (22)     (9)   (13)
Impact of tax liability allocation and indemnification agreement with Qurate Retail, Inc. 2   2      
Stock-based compensation $ 10   $ 10      
Common control transaction with Qurate Retail, Inc. (27)   (27)      
Balance ending (in shares) at Jun. 30, 2022   1        
Balance at Jun. 30, 2022 $ 7,652 $ 0 $ 10,628 (2,751) (330) 105
Balance at Dec. 31, 2022 4,572 $ 0 10,869 (6,080) (312) 95
Balance beginning (in shares) at Dec. 31, 2022   1        
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income 361     335   26
Foreign currency translation adjustments, net of tax (4)       4 (8)
Dividends paid to Qurate Retail, Inc. and noncontrolling interest (324)     (300)   (24)
Impact of tax liability allocation and indemnification agreement with Qurate Retail, Inc. (5)   0 (5)    
Stock-based compensation 17   17      
Balance ending (in shares) at Jun. 30, 2023   1        
Balance at Jun. 30, 2023 4,617 $ 0 10,886 (6,050) (308) 89
Balance at Mar. 31, 2023 4,464 $ 0 10,821 (6,161) (291) 95
Balance beginning (in shares) at Mar. 31, 2023   1        
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income 226     213   13
Foreign currency translation adjustments, net of tax (24)       (17) (7)
Dividends paid to Qurate Retail, Inc. and noncontrolling interest (113)     (101)   (12)
Impact of tax liability allocation and indemnification agreement with Qurate Retail, Inc. (1)   0 (1)    
Stock-based compensation $ 8   $ 8      
Common control transaction with Qurate Retail, Inc. 57   57      
Balance ending (in shares) at Jun. 30, 2023   1        
Balance at Jun. 30, 2023 $ 4,617 $ 0 $ 10,886 $ (6,050) $ (308) $ 89