Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets

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Consolidated Balance Sheets - USD ($)
$ in Millions
Sep. 30, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 628 $ 682
Restricted cash 9 8
Accounts Receivable, after Allowance for Credit Loss, Current 1,142 1,602
Inventories 1,482 1,119
Prepaid expenses and other current assets 333 293
Total current assets 3,594 3,704
Noncurrent assets:    
Property and equipment, net of accumulated depreciation of $1,457 at September 30, 2021 and $1,544 at December 31, 2020 1,086 1,178
Operating Lease, Right-of-Use Asset 206 221
Television distribution rights, net (note 2) 169 63
Goodwill (note 3) 5,988 6,034
Other intangible assets, net (note 3) 3,409 3,454
Note receivable - related party (note 1) 1,825 1,825
Other noncurrent assets 63 79
Total assets 16,340 16,558
Current liabilities:    
Current portion of debt and finance lease obligations (note 5) 567 410
Accounts payable-trade 1,049 1,127
Accrued liabilities (note 4) 883 1,302
Total current liabilities 2,499 2,839
Noncurrent liabilities:    
Long-term portion of debt and finance lease obligations (note 5) 4,548 4,549
Deferred Income Tax Liabilities, Net 716 711
Other long-term liabilities 309 324
Total liabilities 8,072 8,423
QVC, Inc. stockholder's equity:    
Common stock, $0.01 par value, 1 authorized share 0 0
Additional paid-in capital 10,769 10,741
Accumulated deficit (2,508) (2,722)
Accumulated other comprehensive loss (118) (17)
Total QVC, Inc. stockholder's equity 8,143 8,002
Noncontrolling interest 125 133
Total equity 8,268 8,135
Total liabilities and equity 16,340 16,558
Note receivable - related party (note 1) $ 1,825 $ 1,825