Related Party Transactions (Notes) |
12 Months Ended |
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Dec. 31, 2021 | |
| Related Party Transactions [Abstract] | |
| Related Party Transactions Disclosure [Text Block] | Related Party Transactions During the years ended December 31, 2021, 2020 and 2019, QVC and Zulily engaged in multiple transactions relating to sales, sourcing of merchandise, marketing initiatives, and business advisory services. QVC allocated expenses to Zulily of $8 million for each of the years ended December 31, 2021 and 2020, respectively, and $7 million for the year ended December 31, 2019. Zulily allocated expenses of $8 million, $11 million, and $9 million to QVC for the years ended December 31, 2021, 2020, and 2019, respectively.
In September 2020, QVC and Zulily executed a Master Promissory Note ("Promissory Note") whereby Zulily may borrow up to $100 million at a variable interest rate equal to the LIBOR rate plus an applicable margin rate. The Promissory Note matures in September 2030. As of December 31, 2021, there were no borrowings on the Promissory Note. During the years ended December 31, 2021, 2020 and 2019, QVC and CBI engaged in multiple transactions relating to personnel and business advisory services. QVC allocated expenses of $22 million, $23 million and $28 million to CBI for the years ended December 31, 2021, 2020 and 2019, respectively. CBI allocated expenses of $1 million to QVC for each of the years ended December 31, 2021, 2020 and 2019. CBI also repaid a $29 million
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- References No definition available.
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- Definition The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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