Quarterly report pursuant to Section 13 or 15(d)

Other Comprehensive Income (Tables)

v3.22.2
Other Comprehensive Income (Tables)
 6 Months Ended
Jun. 30, 2022
Other Comprehensive Income (Loss), Net of Tax [Abstract]  
Schedule of Accumulated Other Comprehensive Income (Loss)
The change in the components of accumulated other comprehensive loss, net of taxes ("AOCL"), is summarized as follows:
(in millions) Comprehensive earnings attributable to debt credit risk adjustments Foreign currency translation adjustments AOCL
Balance at January 1, 2022 $ —  (146) (146)
Other comprehensive income attributable to QVC, Inc. stockholder —  (184) (184)
Balance at June 30, 2022 —  (330) (330)
Balance at January 1, 2021 $ 16  (33) (17)
Other comprehensive loss attributable to QVC, Inc. stockholder (12) (55) (67)
Balance at June 30, 2021 4  (88) (84)
Schedule of Component of Comprehensive Income (Loss)
The components of other comprehensive income are reflected in QVC's condensed consolidated statements of comprehensive income, net of taxes. The following table summarizes the tax effects related to the components of other comprehensive loss:
(in millions) Before-tax amount Tax benefit (expense) Net-of-tax amount
Three months ended June 30, 2022
Foreign currency translation adjustments $ (145) 2  (143)
Other comprehensive loss (145) 2  (143)
Three months ended June 30, 2021
Foreign currency translation adjustments $ 10  (1) 9 
Debt credit risk adjustment 1  —  1 
Other comprehensive income 11  (1) 10 
Six months ended June 30, 2022
Foreign currency translation adjustments $ (206) 3  (203)
Other comprehensive loss (206) 3  (203)
Six months ended June 30, 2021
Foreign currency translation adjustments $ (62) (2) (64)
Debt credit risk adjustment (12) —  (12)
Other comprehensive loss (74) (2) (76)