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Long-Term Debt (Tables)
3 Months Ended
Mar. 31, 2026
Long-Term Debt, Unclassified [Abstract]  
Schedule of Long-Term Debt Instruments
Debt is summarized as follows:
Outstanding
principal at
March 31, 2026
Carrying value
March 31, 2026December 31, 2025
amounts in millions
Corporate level debentures
8.5% Senior Debentures due 2029
$287 286 286 
8.25% Senior Debentures due 2030
505 503 503 
4.0% Exchangeable Senior Debentures due 2029(1)(2)
280 18 24 
3.75% Exchangeable Senior Debentures due 2030(1)(2)
413 18 28 
Subsidiary level notes and facilities
QVC 4.75% Senior Secured Notes due 2027(2)
44 44 44 
QVC 4.375% Senior Secured Notes due 2028(2)
72 72 72 
QVC 6.875% Senior Secured Notes due 2029(2)
605 605 605 
QVC 5.45% Senior Secured Notes due 2034(2)
400 400 400 
QVC 5.95% Senior Secured Notes due 2043(2)
300 300 300 
QVC 6.375% Senior Secured Notes due 2067(2)
225 225 225 
QVC 6.25% Senior Secured Notes due 2068(2)
500 500 500 
QVC Senior Secured Credit Facility(2)
2,900 2,900 2,900 
Finance lease obligations— 
Deferred loan costs(2)
— (23)(24)
Total consolidated QVC Group debt$6,531 5,850 5,865 
Less current classification(5,060)(5,075)
Total long-term debt$790 $790 
(1)Measured at fair value.
(2)Classified as current at March 31, 2026 and December 31, 2025.
Schedule of Fair Value of Debt Securities that are not Reported at Fair Value The fair value of QVC Group's publicly traded debt securities that are not reported at fair value in the accompanying condensed consolidated balance sheet at March 31, 2026 are as follows (amounts in millions):
Senior debentures$31 
QVC senior secured notes$928