Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets

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Consolidated Balance Sheets - USD ($)
$ in Millions
Sep. 30, 2017
Dec. 31, 2016
Current assets:    
Cash and cash equivalents $ 343 $ 284
Restricted cash 11 10
Accounts receivable, less allowance for doubtful accounts of $84 at September 30, 2017 and $97 at December 31, 2016 888 1,246
Inventories 1,164 950
Prepaid expenses and other current assets 55 46
Total current assets 2,461 2,536
Noncurrent assets:    
Property and equipment, net of accumulated depreciation of $1,161 at September 30, 2017 and $1,004 at December 31, 2016 998 1,031
Television distribution rights, net 78 183
Goodwill 5,066 4,995
Other intangible assets, net 2,599 2,738
Other noncurrent assets 61 62
Total assets 11,263 11,545
Current liabilities:    
Current portion of debt and capital lease obligations 17 14
Accounts payable-trade 726 678
Accrued liabilities 630 769
Total current liabilities 1,373 1,461
Noncurrent liabilities:    
Long-term portion of debt and capital lease obligations 5,073 5,275
Deferred income taxes 730 778
Other long-term liabilities 127 136
Total liabilities 7,303 7,650
QVC, Inc. stockholder's equity:    
Common stock, $0.01 par value, 1 authorized share 0 0
Additional paid-in capital 6,867 6,851
Accumulated deficit (2,904) (2,832)
Accumulated other comprehensive loss (118) (224)
Total QVC, Inc. stockholder's equity 3,845 3,795
Noncontrolling interest 115 100
Total equity 3,960 3,895
Total liabilities and equity $ 11,263 $ 11,545