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Annual report pursuant to Section 13 and 15(d)

Summary of Significant Accounting Policies (Tables)

v3.22.4
Summary of Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2022
Summary of Significant Accounting Policies Ìý
Summary of activity in the allowance for credit losses

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Balance

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Additions

​

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Balance

Ìý

​

​

beginning

​

Charged

​

​

​

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Deductions-

​

endÌýof

Ìý

​

​

ofÌýyear

​

toÌýexpense

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Other

​

write-offs

​

year

Ìý

​

​

amountsÌýinÌýmillions

Ìý

2022

ÌýÌýÌýÌý

$

107

ÌýÌýÌýÌý

82

ÌýÌýÌýÌý

(1)

Ìý

ÌýÌýÌýÌý

(77)

Ìý

ÌýÌýÌýÌý

111

​

2021

​

$

132

ÌýÌýÌýÌý

55

ÌýÌýÌýÌý

—

Ìý

ÌýÌýÌýÌý

(80)

Ìý

ÌýÌýÌýÌý

107

​

2020

ÌýÌýÌýÌý

$

129

ÌýÌýÌýÌý

92

ÌýÌýÌýÌý

—

Ìý

ÌýÌýÌýÌý

(89)

Ìý

ÌýÌýÌýÌý

132

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Schedule of Property and Equipment

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​

​

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​

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DecemberÌý31,

Ìý

​

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2022

​

2021

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​

amountsÌýinÌýmillions

Ìý

Land

ÌýÌýÌýÌý

$

73

ÌýÌýÌýÌý

116

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Buildings and improvements

​

Ìý

453

Ìý

998

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Support equipment

​

Ìý

1,041

Ìý

1,155

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Projects in progress

​

Ìý

77

Ìý

55

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Finance lease right-of-use ("ROU") assets

​

​

17

​

277

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Total property and equipment

​

$

1,661

Ìý

2,601

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Schedule of disaggregation of revenue

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Year ended December 31, 2022

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​

​

QxH

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QVC Int'l

​

CBI

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Corp and other

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Total

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​

amounts in millions

​

Home

$

2,866

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998

​

1,112

​

241

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5,217

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Apparel

​

1,243

​

445

​

201

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351

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2,240

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Beauty

​

1,108

​

579

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—

​

42

​

1,729

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Accessories

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867

​

217

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—

​

210

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1,294

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Electronics

​

775

​

92

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—

​

7

​

874

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Jewelry

​

311

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185

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—

​

32

​

528

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Other revenue

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189

​

12

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—

​

23

​

224

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Total Revenue

$

7,359

​

2,528

​

1,313

​

906

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12,106

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Year ended December 31, 2021

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​

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QxH

​

QVC Int'l

​

CBI

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Corp and other

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Total

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amounts in millions

​

Home

$

3,278

​

1,237

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1,038

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440

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5,993

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Apparel

​

1,291

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492

​

199

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559

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2,541

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Beauty

​

1,223

​

723

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—

​

66

​

2,012

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Accessories

​

980

​

265

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—

​

295

​

1,540

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Electronics

​

964

​

119

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—

​

13

​

1,096

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Jewelry

​

359

​

228

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—

​

50

​

637

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Other revenue

​

182

​

13

​

1

​

29

​

225

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Total Revenue

$

8,277

​

3,077

​

1,238

​

1,452

​

14,044

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Year ended December 31, 2020

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​

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QxH

​

QVC Int'l

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CBI

​

Corp and other

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Total

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​

amounts in millions

​

Home

$

3,529

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1,199

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903

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490

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6,121

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Beauty

​

1,261

​

724

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—

​

73

​

2,058

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Apparel

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1,170

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437

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167

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583

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2,357

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Accessories

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944

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260

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—

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394

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1,598

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Electronics

​

1,069

​

122

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—

​

17

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1,208

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Jewelry

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363

​

216

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—

​

51

​

630

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Other revenue

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169

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9

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—

​

27

​

205

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Total Revenue

$

8,505

​

2,967

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1,070

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1,635

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14,177

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Summary of activity in allowance for sales returns

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Balance beginning of year

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Additions - charged to earnings

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Deductions

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Balance end of year

​

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amounts in millions

2022

$

274

​

1,917

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(1,976)

​

215

2021

$

300

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2,145

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(2,171)

​

274

2020

$

261

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2,188

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(2,149)

​

300

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Schedule of WASO

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YearsÌýended December 31,

Ìý

​

ÌýÌýÌýÌý

​

2022

ÌýÌýÌýÌý

2021

ÌýÌýÌýÌý

2020

Ìý

​

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numberÌýofÌýsharesÌýinÌýmillions

Ìý

Basic WASO

​

​

380

​

403

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416

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Potentially dilutive shares

​

​

3

​

12

​

5

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Diluted WASO

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383

​

415

​

421

​