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Revenue (Notes)
12 Months Ended
Dec. 31, 2024
Revenue [Abstract]  
Revenue from Contract with Customer [Text Block] Revenue
Disaggregated revenue by segment and product category consisted of the following:

Year ended December 31, 2024
(in millions)QxHQVC-InternationalTotal
Home$2,626 975 3,601 
Apparel1,177 418 1,595 
Beauty1,010 566 1,576 
Accessories799 208 1,007 
Electronics539 69 608 
Jewelry293 161 454 
Other revenue154 156 
Total net revenue$6,598 2,399 8,997 
Year ended December 31, 2023
(in millions)QxHQVC-InternationalTotal
Home$2,768 982 3,750 
Apparel1,207 436 1,643 
Beauty1,083 588 1,671 
Accessories846 208 1,054 
Electronics617 68 685 
Jewelry304 165 469 
Other revenue170 177 
Total net revenue$6,995 2,454 9,449 
Year ended December 31, 2022
(in millions)QxHQVC-InternationalTotal
Home$2,866 998 3,864 
Apparel1,243 445 1,688 
Beauty1,108 579 1,687 
Accessories867 217 1,084 
Electronics775 92 867 
Jewelry311 185 496 
Other revenue189 12 201 
Total net revenue$7,359 2,528 9,887 

Consumer Product Revenue and Other Revenue

QVC's revenue includes sales of consumer products in the following categories; home, apparel, beauty, accessories, electronics and jewelry, which are primarily sold through live merchandise-focused televised shopping programs and via our websites and other interactive media.

Other revenue consists primarily of income generated from our PLCC in the U.S. in which a large consumer financial services company provides revolving credit directly to QVC's customers for the sole purpose of purchasing merchandise or services with a PLCC. In return, the Company receives a portion of the net economics of the credit card program.

Revenue Recognition

Revenue is recognized when obligations with the Company's customers are satisfied; generally this occurs at the time of shipment to its customers consistent with when control of the shipped product passes. The recognized revenue reflects the consideration the Company expects to receive in exchange for transferring goods, net of allowances for returns.

The Company generally recognizes revenue related to the PLCC over time as the PLCC is used by QVC's customers.

Sales, value add, use and other taxes the Company collects concurrent with revenue-producing activities are excluded from revenue.

The Company has elected to treat shipping and handling activities that occur after the customer obtains control of the goods as a fulfillment cost and not as a promised good or service. Accordingly, the Company accrues the related shipping costs and recognizes revenue upon delivery of the goods to the shipping carrier. In electing this accounting policy, all shipping and handling activities are treated as fulfillment costs.

The Company generally extends payment terms with its customers of one year or less and does not consider the time value of money when recognizing revenue.

Significant Judgments
Our products are generally sold with a right of return and we may provide other credits or incentives, which are accounted for as variable consideration when estimating the amount of revenue to recognize. Returns and credits are estimated at contract inception and updated at the end of each reporting period as additional information becomes available. The Company has determined that it is generally the principal in vendor arrangements as the Company can establish control over the goods prior to shipment. Accordingly, the Company records revenue for these arrangements on a gross basis.
A summary of activity in the allowance for sales returns, recorded on a gross basis for the years ended December 31, 2024, 2023 and 2022 was as follows:
(in millions)Balance
beginning
of year
Additions-
charged
to earnings
DeductionsBalance
end of
year
2024$197 1,603 (1,629)171 
2023182 1,721 (1,706)197 
2022242 1,685 (1,745)182