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Information about QVC's Operating Segments (Tables)

12 Months Ended

Dec. 31, 2024

Segment Reporting [Abstract]

Schedule of Revenue and Adjusted OIBDA by Segment

			Year ended December 31, 2024
(in millions)			QxH			QVC-International			Consolidated QVC
Net revenue			$	6,598		2,399			8,997
Cost of goods sold (exclusive of depreciation and amortization)			4,373			1,532			5,905
Segment gross profit			2,225			867			3,092
Operating			512			181			693
Advertising			277			35			312
Selling, general and administrative, excluding stock-based compensation and advertising			671			318			989
Adjusted OIBDA			$	765		333			1,098

			Year ended December 31, 2023
(in millions)			QxH			QVC-International			Total
Net revenue			$	6,995		2,454			9,449
Cost of goods sold (exclusive of depreciation and amortization)			4,711			1,562			6,273
Segment gross profit			2,284			892			3,176
Operating			549			190			739
Advertising			251			38			289
Selling, general and administrative, excluding stock-based compensation and advertising			738			339			1,077
Adjusted OIBDA			$	746		325			1,071

			Year ended December 31, 2022
(in millions)			QxH			QVC-International			Total
Net revenue			$	7,359		2,528			9,887
Cost of goods sold (exclusive of depreciation, amortization and Rocky Mount inventory losses)			5,131			1,620			6,751
Segment gross profit			2,228			908			3,136
Operating			562			198			760
Advertising			259			39			298
Selling, general and administrative, excluding stock-based compensation and advertising			657			313			970
Adjusted OIBDA			$	750		358			1,108

Schedule of Depreciation and Amortization by Segment

			Years ended December 31,
			2024						2023						2022
(in millions)			Depreciation			Amortization			Depreciation			Amortization			Depreciation			Amortization
QxH			$	51		252			59			265			77			277
QVC-International			26			22			31			17			34			13
Consolidated QVC			$	77		274			90			282			111			290

Schedule of Capital Expenditures and Total Assets by Segment

			Years ended December 31,
			2024						2023
(in millions)			Total assets			Capital expenditures			Total assets			Capital expenditures
QxH			$	8,128		122			9,828			128
QVC-International			1,761			51			1,892			54
Consolidated QVC			$	9,889		173			11,720			182

Property and equipment, net by Segment

Property and equipment, net of accumulated depreciation, by segment was as follows:

			December 31,
(in millions)			2024			2023
QxH			$	259		263
QVC-International			151			164
Consolidated QVC			$	410		427

Reconciliation of Adjusted OIBDA to Income before Income Taxes

The following table provides a reconciliation of Adjusted OIBDA to income before income taxes:

			Years ended December 31,
(in millions)			2024			2023			2022
Adjusted OIBDA			$	1,098		1,071			1,108
Gains on sales of assets and sale leaseback transactions			1			113			520
Restructuring, penalties and fire related (costs), net of recoveries (including Rocky Mount inventory losses)			(18)			196			10
Impairment losses			(1,480)			(326)			(2,600)
Stock-based compensation			(20)			(37)			(36)
Depreciation and amortization			(351)			(372)			(401)
Operating (loss) income			(770)			645			(1,399)
Losses on financial instruments			—			(1)			(9)
Interest expense, net			(251)			(228)			(228)
Foreign currency gain (loss)			9			(10)			32
Gain (loss) on extinguishment of debt			—			10			(6)
Other (loss) income			(7)			—			20
(Loss) income before income taxes			$	(1,019)		416			(1,590)

Schedule of Revenue from External Customers Attributed to Foreign Countries by Geographic Area

The following table summarizes net revenues based on revenues generated by subsidiaries located within the identified geographic area:

			Years ended December 31,
(in millions)			2024			2023			2022
United States			$	6,598		6,995			7,359
Japan			870			945			1,017
Germany			785			788			813
United Kingdom			629			594			565
Other countries			115			127			133
Consolidated QVC			$	8,997		9,449			9,887

Long-lived Assets by Geographic Areas

The following table summarizes property and equipment, net of accumulated depreciation, based on physical location:

			December 31,
(in millions)			2024			2023
United States			$	259		263
Japan			81			91
Other countries			70			73
Consolidated QVC			$	410		427

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