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Information about QVC's Operating Segments (Tables) | 9 Months Ended
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Sep. 30, 2021
Segment Reporting [Abstract] |
Schedule of Revenue and Adjusted OIBDA by Segment |
| Three months ended September 30, | Nine months ended September 30,
| 2021 | 2020 | 2021 | 2020
(in millions) | Net revenue | Adjusted OIBDA | Net revenue | Adjusted OIBDA | Net revenue | Adjusted OIBDA | Net revenue | Adjusted OIBDA
QxH | $ | 1,813 |  | 325 |  | 1,980 |  | 380 |  | 5,738 |  | 1,065 |  | 5,782 |  | 1,061 |
QVC-International | 699 |  | 115 |  | 723 |  | 132 |  | 2,264 |  | 402 |  | 2,071 |  | 348 |
Consolidated QVC | $ | 2,512 |  | 440 |  | 2,703 |  | 512 |  | 8,002 |  | 1,467 |  | 7,853 |  | 1,409 |
Schedule of Depreciation and Amortization by Segment |
| Three months ended September 30, | Nine months ended September 30,
| 2021 | 2020 | 2021 | 2020
(in millions) | Depreciation | Amortization | Depreciation | Amortization | Depreciation | Amortization | Depreciation | Amortization
QxH | $ | 24 |  | 70 |  | 31 |  | 66 |  | 74 |  | 190 |  | 89 |  | 204 |
QVC-International | 13 |  | 4 |  | 14 |  | 3 |  | 41 |  | 10 |  | 42 |  | 9 |
Consolidated QVC | $ | 37 |  | 74 |  | 45 |  | 69 |  | 115 |  | 200 |  | 131 |  | 213 |
Schedule of Capital Expenditures and Total Assets by Segment |
| September 30, 2021
(in millions) | Total assets | Capital expenditures | Property and equipment, net
QxH | $ | 14,073 |  | 124 |  | 720 |
QVC-International | 2,267 |  | 21 |  | 366 |
Consolidated QVC | $ | 16,340 |  | 145 |  | 1,086 |
Reconciliation of Adjusted OIBDA to Income before Income Taxes | The following table provides a reconciliation of Adjusted OIBDA to operating income and income before income taxes:
| Three months ended September 30, | Nine months ended September 30,
(in millions) | 2021 | 2020 | 2021 | 2020
Adjusted OIBDA | $ | 440 |  | 512 |  | 1,467 |  | 1,409 |
Stock-based compensation | (13) |  | (10) |  | (33) |  | (26) |
Depreciation and amortization | (111) |  | (114) |  | (315) |  | (344) |
Operating income | 316 |  | 388 |  | 1,119 |  | 1,039 |
Equity in (losses) earnings of investee | (2) |  | 1 |  | (2) |  | (1) |
(Losses) gains on financial instruments | (5) |  | 1 |  | (8) |  | (3) |
Interest expense, net | (64) |  | (65) |  | (192) |  | (194) |
Foreign currency gain (loss) | — |  | 1 |  | (4) |  | 3 |
Loss on extinguishment of debt | — |  | (42) |  | — |  | (42) |
Other income | — |  | — |  | 8 |  | — |
Income before income taxes | $ | 245 |  | 284 |  | 921 |  | 802 |

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