Annual report pursuant to Section 13 and 15(d)

Summary of Significant Accounting Policies (Tables)

v3.3.1.900
Summary of Significant Accounting Policies (Tables)
 12 Months Ended
Dec. 31, 2015
Accounting Policies [Abstract]  
Schedule of goodwill
The changes in the carrying amount of goodwill for the years ended December 31, 2015 and 2014 were as follows:
(in millions)
QVC-U.S.

QVC-Germany

QVC-Japan

QVC-U.K.

QVC-Italy

Total

Balance as of December 31, 2013
$
4,190

348

288

216

155

5,197

Exchange rate fluctuations
—

(40
)
(35
)
(13
)
(18
)
(106
)
Balance as of December 31, 2014
4,190

308

253

203

137

5,091

Exchange rate fluctuations
—

(30
)
(2
)
(10
)
(14
)
(56
)
Balance as of December 31, 2015
$
4,190

278

251

193

123

5,035

Summary of activity in allowance for sales returns
A summary of activity in the allowance for sales returns, recorded on a net margin basis, was as follows:
(in millions)
Balance
beginning
of year

Additions-
charged
to earnings

Deductions

Balance
end of
year

2015
$
109

1,213

(1,215
)
107

2014
106

1,253

(1,250
)
109

2013
90

1,296

(1,280
)
106