Annual report pursuant to Section 13 and 15(d)

Long-Term Debt (Tables)

v2.4.1.9
Long-Term Debt (Tables)
12 Months Ended
Dec. 31, 2014
Long-term Debt, Unclassified [Abstract]  
Debt Excluding Intergroup Debt

 

 

 

 

 

 

 

 

 

 

 

Outstanding

 

 

 

 

 

 

    

principal

    

Carrying value

 

 

 

December 31,

 

December 31,

 

December 31,

 

 

 

2014

 

2014

 

2013

 

 

 

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

 

 

400 

 

444 

 

423 

 

Subsidiary level notes and facilities

 

 

 

 

 

 

 

 

QVC 7.5% Senior Secured Notes due 2019

 

 

 —

 

 —

 

761 

 

QVC 3.125% Senior Secured Notes due 2019

 

 

400 

 

399 

 

 —

 

QVC 7.375% Senior Secured Notes due 2020

 

 

500 

 

500 

 

500 

 

QVC 5.125% Senior Secured Notes due 2022

 

 

500 

 

500 

 

500 

 

QVC 4.375% Senior Secured Notes due 2023

 

 

750 

 

750 

 

750 

 

QVC 4.850% Senior Secured Notes due 2024

 

 

600 

 

600 

 

 —

 

QVC 4.45% Senior Secured Notes due 2025

 

 

600 

 

599 

 

 —

 

QVC 5.45% Senior Secured Notes due 2034

 

 

400 

 

399 

 

 —

 

QVC 5.95% Senior Secured Notes due 2043

 

 

300 

 

300 

 

300 

 

QVC Bank Credit Facilities

 

 

508 

 

508 

 

922 

 

Other subsidiary debt

 

 

75 

 

75 

 

141 

 

Total QVC Group

 

$

5,824 

 

5,860 

 

5,083 

 

Ventures Group

 

 

 

 

 

 

 

 

Corporate level debentures

 

 

 

 

 

 

 

 

4% Exchangeable Senior Debentures due 2029

 

$

438 

 

294 

 

284 

 

3.75% Exchangeable Senior Debentures due 2030

 

 

438 

 

291 

 

270 

 

3.5% Exchangeable Senior Debentures due 2031

 

 

355 

 

325 

 

316 

 

0.75% Exchangeable Senior Debentures due 2043

 

 

850 

 

1,220 

 

1,062 

 

Subsidiary level notes and facilities

 

 

 

 

 

 

 

 

Other subsidiary debt

 

 

61 

 

61 

 

 —

 

Total Ventures Group

 

$

2,142 

 

2,191 

 

1,932 

 

Total consolidated Liberty debt

 

$

7,966 

 

8,051 

 

7,015 

 

Less debt classified as current

 

 

 

 

(946)

 

(909)

 

Total long-term debt

 

 

 

 

7,105 

 

6,106 

 

 

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):

 

 

 

 

 

 

2015

    

$

47 

 

2016

 

$

26 

 

2017

 

$

39 

 

2018

 

$

533 

 

2019

 

$

427 

 

 

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,

 

 

    

2014

    

2013

 

Senior debentures

 

$

882 

 

845 

 

QVC senior secured notes

 

$

4,118 

 

2,861