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Information about QVC's Operating Segments (Tables)

9 Months Ended

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