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Income Taxes Income Tax (Tables) | 12 Months Ended
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Dec. 31, 2024
Income Tax Disclosure [Abstract] |
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block] | Income tax expense consisted of the following:
| Years ended December 31,
(in millions) | 2024 | 2023 | 2022
Current: |  |  |
U.S. federal | $ | 126 |  | 72 |  | 159 |
State and local | 24 |  | (6) |  | 38 |
Foreign jurisdictions | 78 |  | 84 |  | 84 |
Total | 228 |  | 150 |  | 281 |
Deferred: |  |  |
U.S. federal | (189) |  | 21 |  | (43) |
State and local | (39) |  | 7 |  | 1 |
Foreign jurisdictions | 3 |  | 27 |  | (19) |
Total | (225) |  | 55 |  | (61) |
Total income tax expense | $ | 3 |  | 205 |  | 220 |
Schedule of Income before Income Tax, Domestic and Foreign [Table Text Block] | Pre-tax income (loss) was as follows:
| Years ended December 31,
(in millions) | 2024 | 2023 | 2022
QxH | $ | (1,253) |  | 114 |  | (1,812) |
QVC-International | 234 |  | 302 |  | 222 |
Consolidated QVC | $ | (1,019) |  | 416 |  | (1,590) |
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block] | Total income tax expense differs from the amounts computed by applying the U.S. federal income tax rate of 21% in 2024, 2023 and 2022, as a result of the following:
| Years ended December 31,
| 2024 | 2023 | 2022
Provision at statutory rate | $ | (214) |  | 87 | (334)
State income taxes, net of federal benefit | (12) |  | 1 | 31
Foreign taxes | 16 |  | 24 | (7)
Goodwill impairment | 189 |  | 68 | 508
Foreign net operating losses | (245) |  | — |  | — |
Valuation allowance | 243 |  | 7 | (1)
Tax on foreign earnings, net of federal tax benefits | 20 |  | 6 | 16
Other permanent differences | 5 |  | 12 | 4
Other, net | 1 |  | — |  | 3 |
Total income tax expense | $ | 3 |  | 205 | 220
Schedule of Deferred Tax Assets and Liabilities [Table Text Block] | The tax effects of temporary differences that gave rise to significant portions of the deferred income tax assets and deferred income tax liabilities are presented below:
| December 31,
(in millions) | 2024 | 2023
Deferred tax assets: |  |
Accounts receivable, principally due to the allowance for credit losses and related reserves for the uncollectible accounts | $ | 18 |  | 19 |
Inventories, principally due to obsolescence reserves and additional costs of inventories for tax purposes pursuant to the Tax Reform Act of 1986 | 37 |  | 37 |
Allowance for sales returns | 19 |  | 21 |
Deferred revenue | 43 |  | 68 |
Debt - Original Issuance Discount (OID) | 26 |  | — |
Deferred compensation | 13 |  | 14 |
Unrecognized federal and state tax benefits | 9 |  | 10 |
Foreign net operating loss and other carryforwards | 362 |  | 119 |
Foreign tax credits carryforward | 57 |  | 57 |
Lease obligations | 123 |  | 129 |
Cumulative translation of foreign currencies | 6 |  | 5 |
Accrued liabilities | 15 |  | 12 |
Other | — |  | 2 |
Subtotal | 728 |  | 493 |
Valuation allowance | (420) |  | (177) |
Total deferred tax assets | 308 |  | 316 |
Deferred tax liabilities: |  |
Depreciation and amortization | (556) |  | (779) |
Lease assets | (117) |  | (126) |
Other | (4) |  | — |
Total deferred tax liabilities | (677) |  | (905) |
Net deferred tax liability | $ | (369) |  | (589) |
Schedule of Unrecognized Tax Benefits Roll Forward | A reconciliation of the 2023 and 2024 beginning and ending amount of the liability for unrecognized tax benefits is as follows:
(in millions) |
Balance at January 1, 2023 | $ | 76 |
Increases related to prior year tax positions | 7 |
Decreases related to prior year tax positions | (14) |
Decreases related to settlements with taxing authorities | (26) |
Increases related to current year tax positions | 4 |
Balance at December 31, 2023 | 47 |
Increases related to prior year tax positions | 1 |
Decreases related to prior year tax positions | (8) |
Decreases related to settlements with taxing authorities | — |
Increases related to current year tax positions | 2 |
Balance at December 31, 2024 | $ | 42 |

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- Definition Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 9 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-9 + Details
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