Quarterly report pursuant to Section 13 or 15(d)

Other Comprehensive Income (Tables)

v3.21.2
Other Comprehensive Income (Tables)
 6 Months Ended
Jun. 30, 2021
Other Comprehensive Income (Loss), Net of Tax [Abstract]  
Schedule of Accumulated Other Comprehensive Income (Loss)
The change in the component of accumulated other comprehensive loss, net of taxes ("AOCL"), is summarized as follows:
(in millions) Comprehensive earnings attributable to debt credit risk adjustments Foreign currency translation adjustments AOCL
Balance at January 1, 2021 $ 16  (33) (17)
Other comprehensive income attributable to QVC, Inc. stockholder (12) (55) (67)
Balance at June 30, 2021 4  (88) (84)
Balance at January 1, 2020 $ —  (144) (144)
Other comprehensive loss attributable to QVC, Inc. stockholder —  (6) (6)
Balance at June 30, 2020 —  (150) (150)
Schedule of Component of Comprehensive Income (Loss)
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:
(in millions) Before-tax amount Tax benefit (expense) Net-of-tax amount
Three months ended June 30, 2021
Foreign currency translation adjustments $ 10  (1) 9 
Debt credit risk adjustment 1  —  1 
Other comprehensive income 11  (1) 10 
Three months ended June 30, 2020
Foreign currency translation adjustments $ 17  1  18 
Other comprehensive income 17  1  18 
Six months ended June 30, 2021
Foreign currency translation adjustments $ (62) (2) (64)
Debt credit risk adjustment (12) —  (12)
Other comprehensive income (74) (2) (76)
Six months ended June 30, 2020
Foreign currency translation adjustments $ (6) 2  (4)
Other comprehensive loss (6) 2  (4)