Annual report pursuant to Section 13 and 15(d)

Debt (Tables)

v3.6.0.2
Debt (Tables)
12 Months Ended
Dec. 31, 2016
Long-term Debt, Unclassified [Abstract]  
Debt Excluding Intergroup Debt

 

 

 

 

 

 

 

 

 

 

 

Outstanding

 

 

 

 

 

 

    

principal

    

Carrying value

 

 

 

December 31,

 

December 31,

 

December 31,

 

 

 

2016

 

2016

 

2015

 

 

 

amounts in millions

 

QVC Group

 

 

 

 

 

 

 

 

Corporate level notes and debentures

 

 

 

 

 

 

 

 

8.5% Senior Debentures due 2029

 

$

287

 

285

 

285

 

8.25% Senior Debentures due 2030

 

 

504

 

501

 

501

 

1% Exchangeable Senior Debentures due 2043

 

 

1

 

 —

 

349

 

Subsidiary level notes and facilities

 

 

 

 

 

 

 

 

QVC 3.125% Senior Secured Notes due 2019

 

 

400

 

399

 

399

 

QVC 5.125% Senior Secured Notes due 2022

 

 

500

 

500

 

500

 

QVC 4.375% Senior Secured Notes due 2023

 

 

750

 

750

 

750

 

QVC 4.85% Senior Secured Notes due 2024

 

 

600

 

600

 

600

 

QVC 4.45% Senior Secured Notes due 2025

 

 

600

 

599

 

599

 

QVC 5.45% Senior Secured Notes due 2034

 

 

400

 

399

 

399

 

QVC 5.95% Senior Secured Notes due 2043

 

 

300

 

300

 

300

 

QVC Bank Credit Facilities

 

 

1,896

 

1,896

 

1,815

 

Other subsidiary debt

 

 

174

 

174

 

72

 

Deferred loan costs

 

 

 

 

(28)

 

(34)

 

Total QVC Group

 

$

6,412

 

6,375

 

6,535

 

Ventures Group

 

 

 

 

 

 

 

 

Corporate level debentures

 

 

 

 

 

 

 

 

4% Exchangeable Senior Debentures due 2029

 

$

435

 

276

 

257

 

3.75% Exchangeable Senior Debentures due 2030

 

 

436

 

267

 

275

 

3.5% Exchangeable Senior Debentures due 2031

 

 

337

 

316

 

312

 

0.75% Exchangeable Senior Debentures due 2043

 

 

1

 

3

 

1,287

 

1.75% Exchangeable Senior Debentures due 2046

 

 

750

 

805

 

NA

 

Subsidiary level notes and facilities

 

 

 —

 

 —

 

41

 

Total Ventures Group

 

$

1,959

 

1,667

 

2,172

 

Total consolidated Liberty debt

 

$

8,371

 

8,042

 

8,707

 

Less debt classified as current

 

 

 

 

(876)

 

(1,226)

 

Total long-term debt

 

 

 

 

7,166

 

7,481

 

 

Schedule of Five Year Maturities

The annual principal maturities of Liberty's debt, based on stated maturity dates, for each of the next five years is as follows (amounts in millions):

 

 

 

 

 

 

 

2017

    

$

31

 

2018

 

$

33

 

2019

 

$

432

 

2020

 

$

31

 

2021

 

$

1,927

 

 

Debt Securities That Are Not Reported At Fair Value

The fair value, based on quoted prices of instruments but not considered to be active markets (Level 2), of Liberty's publicly traded debt securities that are not reported at fair value in the accompanying consolidated balance sheets is as follows (amounts in millions):

 

 

 

 

 

 

 

 

 

December 31,

 

 

    

2016

    

2015

 

Senior debentures

 

$

853

 

809

 

QVC senior secured notes

 

$

3,496

 

3,374