Annual report pursuant to Section 13 and 15(d)

Debt (Tables)

v3.20.4
Debt (Tables)
12 Months Ended
Dec. 31, 2020
Debt  
Schedule of debt summarized

Outstanding

    

principal

    

Carrying value

December 31,

December 31,

December 31,

2020

2020

2019

amounts in millions

Corporate level debentures

8.5% Senior Debentures due 2029

$

287

 

285

 

285

8.25% Senior Debentures due 2030

 

505

 

502

 

502

4% Exchangeable Senior Debentures due 2029

430

 

362

 

327

3.75% Exchangeable Senior Debentures due 2030

 

432

 

346

 

318

3.5% Exchangeable Senior Debentures due 2031

 

 

 

422

0.75% Exchangeable Senior Debentures due 2043

 

 

 

2

1.75% Exchangeable Senior Debentures due 2046

332

649

488

Subsidiary level notes and facilities

QVC 5.125% Senior Secured Notes due 2022

 

 

 

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

600

599

QVC 4.75% Senior Secured Notes due 2027

575

575

QVC 4.375% Senior Secured Notes due 2028

500

500

QVC 5.45% Senior Secured Notes due 2034

400

400

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

218

393

QVC Bank Credit Facilities

 

 

 

1,235

Deferred loan costs

(51)

(40)

Total consolidated Qurate Retail debt

$

6,654

 

6,936

 

7,412

Less debt classified as current

 

(1,750)

 

(1,557)

Total long-term debt

$

5,186

 

5,855

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):

2021

    

$

11

2022

$

11

2023

$

761

2024

$

612

2025

$

612

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,

 

    

2020

    

2019

 

Senior debentures

$

892

 

804

QVC senior secured notes

$

4,705

 

4,011