Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 307 $ 357
Restricted cash 15 10
Allowance for credit losses 101 102
Accounts Receivable, after Allowance for Credit Loss, Current 1,295 1,362
Inventory, Net 860 1,035
Prepaid expenses and other current assets 162 144
Total current assets 2,639 2,908
Noncurrent assets:    
Accumulated depreciation 908 929
Property, Plant and Equipment, Net 427 472
Operating Lease, Right-of-Use Asset 510 419
Television Distribution Rights, Net 83 72
Goodwill (note 6) 3,151 3,470
Other intangible assets, net (note 6) 3,111 3,184
Other noncurrent assets 54 68
Assets Held-for-sale, Not Part of Disposal Group 5 71
Total assets 11,720 12,404
Current liabilities:    
Current portion of debt and finance lease obligations (note 7) 424 216
Accounts payable-trade 838 832
Accrued liabilities 938 911
Other Liabilities, Current 51 57
Total current liabilities 2,251 2,016
Noncurrent liabilities:    
Long-term Debt and Lease Obligation 3,911 4,721
Deferred Income Tax Liabilities, Net 621 577
Operating Lease, Liability, Noncurrent 488 377
Other long-term liabilities 112 141
Total liabilities $ 7,383 7,832
QVC, Inc. stockholder's equity:    
Common stock par value $ 0.01  
Authorized shares 1  
Common Stock, Value, Issued $ 0 0
Additional paid-in capital 10,901 10,869
Accumulated deficit (6,361) (6,080)
Accumulated other comprehensive loss (290) (312)
Total QVC, Inc. stockholder's equity 4,250 4,477
Noncontrolling interest 87 95
Total equity 4,337 4,572
Total liabilities and equity 11,720 12,404
Qurate    
Noncurrent assets:    
Financing Receivable, after Allowance for Credit Loss, Noncurrent $ 1,740 $ 1,740