jvidÊÓƵ

Annual report pursuant to Section 13 and 15(d)

Debt (Tables)

v3.22.4
Debt (Tables)
12 Months Ended
Dec. 31, 2022
Debt Ìý
Schedule of debt summarized

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​

​

​

​

​

​

​

​

​

Outstanding

​

​

​

​

​

​

ÌýÌýÌýÌý

principal

ÌýÌýÌýÌý

Carrying value

​

​

​

DecemberÌý31,

​

DecemberÌý31,

​

DecemberÌý31,

​

​

​

2022

​

2022

​

2021

​

​

​

amountsÌýinÌýmillions

​

Corporate level debentures

​

​

​

​

​

​

​

​

8.5% Senior Debentures due 2029

​

$

287

Ìý

286

Ìý

286

​

8.25% Senior Debentures due 2030

​

Ìý

505

Ìý

503

Ìý

503

​

4% Exchangeable Senior Debentures due 2029

​

​

354

Ìý

134

Ìý

328

​

3.75% Exchangeable Senior Debentures due 2030

​

Ìý

430

Ìý

157

Ìý

347

​

1.75% Exchangeable Senior Debentures due 2046

​

​

330

​

323

​

640

​

Subsidiary level notes and facilities

​

​

​

​

​

​

​

​

QVC 4.375% Senior Secured Notes due 2023

​

Ìý

214

Ìý

214

Ìý

750

​

QVC 4.85% Senior Secured Notes due 2024

​

​

600

​

600

​

600

​

QVC 4.45% Senior Secured Notes due 2025

​

​

600

​

599

​

599

​

QVC 4.75% Senior Secured Notes due 2027

​

​

575

​

575

​

575

​

QVC 4.375% Senior Secured Notes due 2028

​

​

500

​

500

​

500

​

QVC 5.45% Senior Secured Notes due 2034

​

​

400

​

399

​

399

​

QVC 5.95% Senior Secured Notes due 2043

​

Ìý

300

Ìý

300

Ìý

300

​

QVC 6.375% Senior Secured Notes due 2067

​

​

225

​

225

​

225

​

QVC 6.25% Senior Secured Notes due 2068

​

​

500

​

500

​

500

​

QVC Bank Credit Facilities

​

Ìý

1,075

Ìý

1,075

Ìý

481

​

Deferred loan costs

​

​

—

​

(37)

​

(44)

​

Total consolidated jvidÊÓƵ debt

​

$

6,895

Ìý

6,353

Ìý

6,989

​

Less debt classified as current

​

​

​

Ìý

(828)

Ìý

(1,315)

​

Total long-term debt

​

​

​

$

5,525

Ìý

5,674

​

​

Schedule of Five Year Maturities

The annual principal maturities of jvidÊÓƵ's debt, based on stated maturity dates, for each of the next five years is as follows (amounts in millions):

​

​

​

​

​

​

2023

ÌýÌýÌýÌý

$

216

​

2024

​

$

603

​

2025

​

$

603

​

2026

​

$

1,078

​

2027

​

$

578

​

Schedule of fair value of debt securities that are not reported at fair value condensed consolidated balance sheet The fair value, based on quoted prices of instruments not considered to be active markets, of jvidÊÓƵ's publicly traded debt securities that are not reported at fair value in the accompanying consolidated balance sheets is as follows (amounts inÌýmillions):

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​

​

​

​

​

​

​

​

​

DecemberÌý31,

Ìý

​

ÌýÌýÌýÌý

2022

ÌýÌýÌýÌý

2021

Ìý

Senior debentures

​

$

377

Ìý

871

​

QVC senior secured notes

​

$

2,676

Ìý

4,595

​