Annual report pursuant to Section 13 and 15(d)

Long-Term Debt (Tables)

v3.19.3.a.u2
Long-Term Debt (Tables)
12 Months Ended
Dec. 31, 2019
Long-Term Debt  
Schedule of debt summarized

Outstanding

    

principal

    

Carrying value

December 31,

December 31,

December 31,

2019

2019

2018

amounts in millions

Corporate level debentures

8.5% Senior Debentures due 2029

$

287

 

285

 

286

8.25% Senior Debentures due 2030

 

504

 

502

 

502

4% Exchangeable Senior Debentures due 2029

431

 

327

 

304

3.75% Exchangeable Senior Debentures due 2030

 

433

 

318

 

307

3.5% Exchangeable Senior Debentures due 2031

 

251

 

422

 

377

0.75% Exchangeable Senior Debentures due 2043

 

 

2

 

2

1.75% Exchangeable Senior Debentures due 2046

332

488

344

Subsidiary level notes and facilities

QVC 3.125% Senior Secured Notes due 2019

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 6.375% Senior Secured Notes due 2067

225

225

225

QVC 6.25% Senior Secured Notes due 2068

500

500

QVC Bank Credit Facilities

 

1,235

 

1,235

 

1,320

Other subsidiary debt

188

Deferred loan costs

(40)

(29)

Total consolidated Qurate Retail debt

$

7,348

 

7,412

 

7,373

Less debt classified as current

 

(1,557)

 

(1,410)

Total long-term debt

$

5,855

 

5,963

Schedule of Five Year Maturities

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

2020

    

$

11

2021

$

11

2022

$

512

2023

$

1,997

2024

$

613

Schedule of fair value of debt securities that are not reported at fair value condensed consolidated balance sheet The fair value, based on quoted prices of instruments not considered to be active markets, of Qurate Retail'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,

 

    

2019

    

2018

 

Senior debentures

$

804

 

786

QVC senior secured notes

$

4,011

 

3,573