Annual report pursuant to Section 13 and 15(d)

Debt (Tables)

v3.22.0.1
Debt (Tables)
12 Months Ended
Dec. 31, 2021
Debt  
Schedule of debt summarized

Outstanding

    

principal

    

Carrying value

December 31,

December 31,

December 31,

2021

2021

2020

amounts in millions

Corporate level debentures

8.5% Senior Debentures due 2029

$

287

 

286

 

285

8.25% Senior Debentures due 2030

 

505

 

503

 

502

4% Exchangeable Senior Debentures due 2029

396

 

328

 

362

3.75% Exchangeable Senior Debentures due 2030

 

432

 

347

 

346

1.75% Exchangeable Senior Debentures due 2046

332

640

649

Subsidiary level notes and facilities

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 4.75% Senior Secured Notes due 2027

575

575

575

QVC 4.375% Senior Secured Notes due 2028

500

500

500

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

500

3.5% Exchangeable Senior Debentures due 2031

393

QVC Bank Credit Facilities

 

481

 

481

 

Deferred loan costs

(44)

(49)

Total consolidated Qurate Retail debt

$

6,883

 

6,989

 

6,936

Less debt classified as current

 

(1,315)

 

(1,750)

Total long-term debt

$

5,674

 

5,186

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):

2022

    

$

3

2023

$

753

2024

$

603

2025

$

603

2026

$

484

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,

 

    

2021

    

2020

 

Senior debentures

$

871

 

892

QVC senior secured notes

$

4,595

 

4,705