| Other Comprehensive Income The change in the component of accumulated other comprehensive loss, net of taxes ("AOCL"), is summarized as follows:
|
|
|
|
|
|
|
|
|
| (in millions) |
Foreign currency translation adjustments |
AOCL |
| Balance at January 1, 2020 |
$ |
(144) |
|
(144) |
|
| Other comprehensive loss attributable to QVC, Inc. stockholder |
(6) |
|
(6) |
|
| Balance at June 30, 2020 |
(150) |
|
(150) |
|
|
|
|
| Balance at January 1, 2019 |
$ |
(144) |
|
(144) |
|
| Other comprehensive loss attributable to QVC, Inc. stockholder |
5 |
|
5 |
|
| Balance at June 30, 2019 |
(139) |
|
(139) |
|
The component of other comprehensive income is reflected in QVC's condensed consolidated statements of comprehensive income, net of taxes. The following table summarizes the tax effects related to the component of other comprehensive loss:
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|
|
|
|
|
|
|
|
|
|
|
| (in millions) |
Before-tax amount |
Tax expense |
Net-of-tax amount |
| Three months ended June 30, 2020 |
|
|
|
| Foreign currency translation adjustments |
$ |
17 |
|
1 |
|
18 |
|
| Other comprehensive loss |
17 |
|
1 |
|
18 |
|
|
|
|
|
| Three months ended June 30, 2019 |
|
|
|
| Foreign currency translation adjustments |
$ |
14 |
|
— |
|
14 |
|
| Other comprehensive loss |
14 |
|
— |
|
14 |
|
|
|
|
|
| Six months ended June 30, 2020 |
|
|
|
| Foreign currency translation adjustments |
$ |
(6) |
|
2 |
|
(4) |
|
| Other comprehensive loss |
(6) |
|
2 |
|
(4) |
|
|
|
|
|
| Six months ended June 30, 2019 |
|
|
|
| Foreign currency translation adjustments |
$ |
8 |
|
— |
|
8 |
|
| Other comprehensive loss |
8 |
|
— |
|
8 |
|
|