Annual report pursuant to Section 13 and 15(d)

Other Comprehensive Income (Tables)

v3.22.0.1
Other Comprehensive Income (Tables)
 12 Months Ended
Dec. 31, 2021
Other Comprehensive Income (Loss), Net of Tax [Abstract]  
Schedule of Accumulated Other Comprehensive Income (Loss) The change in the component of accumulated other comprehensive loss, net of taxes ("AOCL"), is summarized as follows:
(in millions) Comprehensive earnings attributable to debt credit risk adjustments Recognition of previously unrealized losses on debt, net Foreign currency translation adjustments AOCL
Balance as of January 1, 2019 $ —  —  (144) (144)
Other comprehensive income attributable to QVC, Inc. stockholder —  —  —  — 
Balance as of December 31, 2019 —  —  (144) (144)
Other comprehensive income attributable to QVC, Inc. stockholder —  —  111  111 
Common control transaction with Qurate Retail 16  —  —  16 
Balance as of December 31, 2020 16  —  (33) (17)
Other comprehensive income attributable to QVC, Inc. stockholder (19) 3  (113) (129)
Balance as of December 31, 2021 $ (3) 3  (146) (146)
Schedule of Component of Comprehensive Income (Loss) The following table summarizes the tax effects related to the component of other comprehensive income:
(in millions) Before-tax amount Tax benefit (expense) Net-of-tax amount
Year ended December 31, 2021:
Foreign currency translation adjustments $ (124) (4) (128)
Recognition of previously unrealized losses on debt, net 3  —  3 
Comprehensive loss attributable to debt credit risk adjustments (19) —  (19)
Other comprehensive loss (140) (4) (144)
Year ended December 31, 2020:
Foreign currency translation adjustments $ 115  3  118 
Other comprehensive income 115  3  118 
Year ended December 31, 2019:
Foreign currency translation adjustments $ —  1  1 
Other comprehensive income —  1  1