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Information about QVC's Operating Segments (Tables) | 9 Months Ended
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Sep. 30, 2022
Segment Reporting [Abstract] |
Schedule of Revenue and Adjusted OIBDA by Segment |
| Three months ended September 30, | Nine months ended September 30,
| 2022 | 2021 | 2022 | 2021
(in millions) | Net revenue | Adjusted OIBDA | Net revenue | Adjusted OIBDA | Net revenue | Adjusted OIBDA | Net revenue | Adjusted OIBDA
QxH | $ | 1,663 |  | 143 |  | 1,813 |  | 325 |  | 5,101 |  | 600 |  | 5,738 |  | 1,065 |
QVC-International | 554 |  | 62 |  | 699 |  | 115 |  | 1,862 |  | 261 |  | 2,264 |  | 402 |
Consolidated QVC | $ | 2,217 |  | 205 |  | 2,512 |  | 440 |  | 6,963 |  | 861 |  | 8,002 |  | 1,467 |
Schedule of Depreciation and Amortization by Segment |
| Three months ended September 30, | Nine months ended September 30,
| 2022 | 2021 | 2022 | 2021
(in millions) | Depreciation | Amortization | Depreciation | Amortization | Depreciation | Amortization | Depreciation | Amortization
QxH | $ | 17 |  | 70 |  | 24 |  | 70 |  | 62 |  | 207 |  | 74 |  | 190 |
QVC-International | 4 |  | 3 |  | 13 |  | 4 |  | 26 |  | 10 |  | 41 |  | 10 |
Consolidated QVC | $ | 21 |  | 73 |  | 37 |  | 74 |  | 88 |  | 217 |  | 115 |  | 200 |
Schedule of Capital Expenditures and Total Assets by Segment |
| September 30, 2022
(in millions) | Total assets | Capital expenditures | Property and equipment, net
QxH | $ | 10,675 |  | 116 |  | 272 |
QVC-International | 1,767 |  | 19 |  | 232 |
Consolidated QVC | $ | 12,442 |  | 135 |  | 504 |
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) | 2022 | 2021 | 2022 | 2021
Adjusted OIBDA | $ | 205 |  | 440 |  | 861 |  | 1,467 |
Gains on sales of fixed assets | 277 |  | — |  | 520 |  | — |
Fire related costs, net of recoveries and Rocky Mount inventory losses (see note 13) | 137 |  | — |  | 39 |  | — |
Impairment losses | (2,600) |  | — |  | (2,600) |  | — |
Stock-based compensation | (9) |  | (13) |  | (27) |  | (33) |
Depreciation and amortization | (94) |  | (111) |  | (305) |  | (315) |
Operating (loss) income | (2,084) |  | 316 |  | (1,512) |  | 1,119 |
Equity in losses of investee | — |  | (2) |  | — |  | (2) |
(Losses) gains on financial instruments | — |  | (5) |  | 1 |  | (8) |
Interest expense, net | (50) |  | (64) |  | (175) |  | (192) |
Foreign currency gain (loss) | 21 |  | — |  | 50 |  | (4) |
Loss on extinguishment of debt | — |  | — |  | (6) |  | — |
Other income | — |  | — |  | 20 |  | 8 |
(Loss) income before income taxes | $ | (2,113) |  | 245 |  | (1,622) |  | 921 |

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