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Information about QVC's Operating Segments
 9 Months Ended
Sep. 30, 2021
Segment Reporting [Abstract]  
Segment reporting disclosure Information about QVC's Operating Segments
The Company evaluates performance and makes decisions about allocating resources to its operating segments based on financial measures such as net revenue, Adjusted OIBDA (defined below), gross margin, average sales price per unit, number of units shipped and revenue or sales per customer. For segment reporting purposes, the Company defines Adjusted OIBDA, as net revenue less cost of goods sold (excluding Fire related costs, net of recoveries and Rocky Mount inventory losses, see note 13), operating expenses, and selling, general and administrative expenses (excluding stock-based compensation). The Company believes this measure is an important indicator of the operational strength and performance of its segments by identifying those items that are not directly a reflection of each segment's performance or indicative of ongoing business trends. In addition, this measure allows management to view operating results and perform analytical comparisons and benchmarking among the Company's businesses and identify strategies to improve performance. This measure of performance excludes depreciation, amortization, impairment losses, Gains on sales of fixed assets, Fire related costs, net of recoveries and Rocky Mount inventory losses and stock-based compensation that are included in the measurement of operating income pursuant to U.S. GAAP. Accordingly, Adjusted OIBDA should be considered in addition to, but not as a substitute for, operating income, net income, cash flow provided by operating activities and other measures of financial performance prepared in accordance with U.S. GAAP.
The Company's chief operating decision maker ("CODM") is QVC's Chief Executive Officer. QVC's CODM has ultimate responsibility for enterprise decisions. QVC's CODM determines, in particular, resource allocation for, and monitors performance of, the consolidated enterprise, QxH, and QVC-International. The segment managers have responsibility for operating decisions, allocating resources and assessing performance within their respective segments. QVC's CODM relies on internal management reporting that analyzes enterprise results and segment results to the Adjusted OIBDA level.
For the three and nine months ended September 30, 2022 and 2021, QVC identified QxH and QVC-International as its two reportable segments. Both operating segments are retailers of a wide range of consumer products, which are marketed and sold primarily by merchandise-focused televised-shopping programs as well as via the Internet and mobile applications in certain markets.
Performance measures
Three months ended September 30,Nine months ended September 30,
2022202120222021
(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-International554 62 699 115 1,862 261 2,264 402 
   Consolidated QVC$2,217 205 2,512 440 6,963 861 8,002 1,467 
Other information
Three months ended September 30,Nine months ended September 30,
2022202120222021
(in millions)DepreciationAmortizationDepreciationAmortizationDepreciationAmortizationDepreciationAmortization
QxH$17 70 24 70 62 207 74 190 
QVC-International4 3 13 4 26 10 41 10 
Consolidated QVC$21 73 37 74 88 217 115 200 
September 30, 2022
(in millions)Total
assets		Capital
expenditures		Property and equipment, net
QxH$10,675 116 272 
QVC-International1,767 19 232 
Consolidated QVC$12,442 135 504 
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)2022202120222021
Adjusted OIBDA$205 440 861 1,467 
Gains on sales of fixed assets277 — 520 — 
Fire related costs, net of recoveries and Rocky Mount inventory losses (see note 13)137 — 39 — 
Impairment losses(2,600)— (2,600)— 
Stock-based compensation(9)(13)(27)(33)
Depreciation and amortization(94)(111)(305)(315)
Operating (loss) income (2,084)316 (1,512)1,119 
Equity in losses of investee— (2)— (2)
(Losses) gains on financial instruments— (5)1 (8)
Interest expense, net(50)(64)(175)(192)
Foreign currency gain (loss) 21 — 50 (4)
Loss on extinguishment of debt— — (6)— 
Other income— — 20 8 
(Loss) income before income taxes$(2,113)245 (1,622)921