Annual report pursuant to Section 13 and 15(d)

Long-Term Debt (Tables)

v3.22.0.1
Long-Term Debt (Tables)
 12 Months Ended
Dec. 31, 2021
Debt Disclosure [Abstract]  
Schedule of debt
Long-term debt and finance lease obligations consisted of the following:
December 31,
(in millions) 2021 2020
3.5% Exchangeable Senior Debentures due 2031
 $ —  393 
4.375% Senior Secured Notes due 2023, net of original issue discount
 750  750 
4.85% Senior Secured Notes due 2024, net of original issue discount
 600  600 
4.45% Senior Secured Notes due 2025, net of original issue discount
 599  599 
4.75% Senior Secured Notes due 2027
 575  575 
4.375% Senior Secured Notes due 2028
 500  500 
5.45% Senior Secured Notes due 2034, net of original issue discount
 399  399 
5.95% Senior Secured Notes due 2043, net of original issue discount
 300  300 
6.375% Senior Secured Notes due 2067
 225  225 
6.25% Senior Secured Notes due 2068
 500  500 
Senior secured credit facility (1) 481  — 
Finance lease obligations (note 9) 157  168 
Less debt issuance costs, net (43) (50)
Total debt and finance lease obligations 5,043  4,959 
Less current portion (20) (410)
Long-term portion of debt and finance lease obligations $ 5,023  4,549 
(1) Includes $151 million of Zulily's outstanding borrowings as of December 31, 2021.
Schedule of Maturities of Long-term Debt
The annual principal maturities of QVC's debt, based on stated maturity dates, for each of the next five years are as follows:
(in millions) Debt (1)
2022 $ — 
2023 750 
2024 600 
2025 600 
2026 481 
(1) Amounts exclude finance lease obligations (see Note 9) and the issue discounts on the 4.375%, 4.45%, 4.85%, 5.45% and 5.95% Senior Secured Notes.