Consolidated Statements of Operations - USD ($) $ in Millions |
3 Months Ended | 12 Months Ended | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2019 |
Sep. 30, 2019 |
Jun. 30, 2019 |
Mar. 31, 2019 |
Dec. 31, 2018 |
Sep. 30, 2018 |
Jun. 30, 2018 |
Mar. 31, 2018 |
Dec. 31, 2019 |
Dec. 31, 2018 |
Dec. 31, 2017 |
|
| Net revenue | $ 3,467 | $ 2,504 | $ 2,514 | $ 2,501 | $ 3,555 | $ 2,569 | $ 2,556 | $ 2,602 | $ 10,986 | $ 11,282 | $ 8,771 |
| Cost of Goods and Services Sold | 7,148 | 7,248 | 5,598 | ||||||||
| Operating costs and expenses: | |||||||||||
| Operating | 768 | 881 | 601 | ||||||||
| Selling, General and Administrative, Including Transaction Related Costs and Stock-Based Compensation | 1,128 | 1,200 | 744 | ||||||||
| Depreciation | 186 | 174 | 155 | ||||||||
| Amortization | 282 | 237 | 364 | ||||||||
| Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill) | (147) | (30) | 0 | ||||||||
| Operating Expenses | 9,659 | 9,770 | 7,462 | ||||||||
| Operating income | 306 | 330 | 365 | 326 | 461 | 305 | 390 | 356 | 1,327 | 1,512 | 1,309 |
| Other (expense) income: | |||||||||||
| Equity in losses of investee | 0 | (3) | (3) | ||||||||
| Losses on financial instruments | (5) | (2) | 0 | ||||||||
| Interest expense, net | (240) | (243) | (214) | ||||||||
| Foreign currency loss | (3) | 0 | (6) | ||||||||
| Loss on extinguishment of debt | 0 | (2) | 0 | ||||||||
| Nonoperating expense | (248) | (250) | (223) | ||||||||
| Income before income taxes | 1,079 | 1,262 | 1,086 | ||||||||
| Income tax expense | (262) | (334) | (139) | ||||||||
| Net income | 225 | 188 | 218 | 186 | 291 | 181 | 244 | 212 | 817 | 928 | 947 |
| Less net income attributable to the noncontrolling interest | (50) | (46) | (46) | ||||||||
| Net income attributable to QVC, Inc. stockholder | $ 211 | $ 174 | $ 206 | $ 176 | $ 278 | $ 170 | $ 233 | $ 201 | $ 767 | $ 882 | $ 901 |
| X | ||||||||||
- Definition The aggregate total costs related to selling a firm's product and services, transaction related costs, stock-based compensation, as well as all other general and administrative expenses. Direct selling expenses (for example, credit, warranty, and advertising) are expenses that can be directly linked to the sale of specific products. Indirect selling expenses are expenses that cannot be directly linked to the sale of specific products, for example telephone expenses, Internet, and postal charges. General and administrative expenses include salaries of non-sales personnel, rent, utilities, communication, etc. No definition available.
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| X | ||||||||||
- Definition The aggregate expense charged against earnings to allocate the cost of intangible assets (nonphysical assets not used in production) in a systematic and rational manner to the periods expected to benefit from such assets. As a noncash expense, this element is added back to net income when calculating cash provided by or used in operations using the indirect method. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The aggregate costs related to goods produced and sold and services rendered by an entity during the reporting period. This excludes costs incurred during the reporting period related to financial services rendered and other revenue generating activities. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The amount of expense recognized in the current period that reflects the allocation of the cost of tangible assets over the assets' useful lives. Includes production and non-production related depreciation. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount before tax of foreign currency transaction realized and unrealized gain (loss) recognized in the income statement. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Aggregate net gain (loss) on all derivative instruments recognized in earnings during the period, before tax effects. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Difference between the fair value of payments made and the carrying amount of debt which is extinguished prior to maturity. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of impairment loss resulting from write-down of assets, excluding financial assets and goodwill, lacking physical substance and having a projected indefinite period of benefit to fair value. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of income (loss) for proportionate share of equity method investee's income (loss). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The net amount of operating interest income (expense). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of Net Income (Loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The aggregate amount of income or expense from ancillary business-related activities (that is to say, excluding major activities considered part of the normal operations of the business). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Excludes Selling, General and Administrative Expense. No definition available.
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- Definition Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Includes selling, general and administrative expense. No definition available.
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- References No definition available.
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- Definition The net result for the period of deducting operating expenses from operating revenues. No definition available.
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- Definition The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss). Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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