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Information about QVC's Operating Segments (Tables)
9 Months Ended
Sep. 30, 2021
Segment Reporting [Abstract]  
Schedule of Revenue and Adjusted OIBDA by Segment
Three months ended September 30,Nine months ended September 30,
2021202020212020
(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-International699 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,
2021202020212020
(in millions)DepreciationAmortizationDepreciationAmortizationDepreciationAmortizationDepreciationAmortization
QxH$24 70 31 66 74 190 89 204 
QVC-International13 14 41 10 42 
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-International2,267 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)2021202020212020
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)(2)(1)
(Losses) gains on financial instruments(5)(8)(3)
Interest expense, net(64)(65)(192)(194)
Foreign currency gain (loss) — (4)
Loss on extinguishment of debt— (42)— (42)
Other income— — — 
Income before income taxes$245 284 921 802