Annual report pursuant to Section 13 and 15(d)

Revenue (Tables)

v3.19.3.a.u2
Revenue (Tables)
12 Months Ended
Dec. 31, 2019
Disaggregation of Revenue [Line Items]  
Disaggregation of Revenue [Table Text Block]
Disaggregated revenue by segment and product category consisted of the following:

 
Year ended December 31, 2019
 
Year ended December 31, 2018
 
(in millions)
QxH

QVC-International

Total

QxH

QVC-International

Total

Home
$
3,047

905

3,952

3,175

1,023

4,198

Beauty
1,299

659

1,958

1,326

640

1,966

Apparel
1,289

422

1,711

1,323

453

1,776

Accessories
918

376

1,294

933

273

1,206

Electronics
1,141

107

1,248

1,129

119

1,248

Jewelry
402

226

628

473

213

686

Other revenue
181

14

195

185

17

202

Total net revenue
$
8,277

2,709

10,986

8,544

2,738

11,282

Schedule of New Accounting Pronouncements and Changes in Accounting Principles [Table Text Block]
In accordance with the new revenue standard requirements adopted as of January 1, 2018, the impact of adoption on our condensed consolidated statements of operations was as follows:
Statements of Operations
Year ended December 31, 2018
 
(in millions)
As Reported
Balances Without Adoption of ASC 606
Effect of Change Increase/(Decrease)
Net revenue
$
11,282

11,143

139

 
 
 
 
Costs and expenses:
 
 
 
Cost of goods sold (exclusive of depreciation and amortization)
7,248

7,238

10

Operating
881

879

2

Selling, general and administrative, including transaction related costs and stock-based compensation
1,200

1,082

118

 
 
 
 
Income tax expense
334

332

2

 
 
 
 
Net income
$
928

921

7