Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets

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Consolidated Balance Sheets - USD ($)
$ in Millions
Sep. 30, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 517 $ 510
Restricted cash 9 9
Accounts Receivable, after Allowance for Credit Loss, Current 992 1,645
Inventories 1,386 1,355
Prepaid expenses and other current assets 137 180
Total current assets 3,041 3,699
Noncurrent assets:    
Property, Plant and Equipment, Net 504 919
Operating Lease, Right-of-Use Asset 420 201
Television distribution rights, net (note 2) 95 145
Goodwill (note 3) 3,399 5,968
Other intangible assets, net (note 3) 3,188 3,407
Note receivable - related party (note 1) 1,740 1,740
Other noncurrent assets 55 62
Total assets 12,442 16,141
Current liabilities:    
Current portion of debt and finance lease obligations (note 5) 216 20
Accounts payable-trade 833 1,271
Accrued liabilities (note 4) 905 1,179
Total current liabilities 1,954 2,470
Noncurrent liabilities:    
Long-term portion of debt and finance lease obligations (note 5) 4,168 5,023
Deferred Income Tax Liabilities, Net 580 633
Other long-term liabilities (note 4) 512 294
Total liabilities 7,214 8,420
QVC, Inc. stockholder's equity:    
Common Stock, Value, Issued 0 0
Additional paid-in capital 10,599 10,687
Accumulated deficit (5,019) (2,942)
Accumulated other comprehensive loss (451) (146)
Total QVC, Inc. stockholder's equity 5,129 7,599
Noncontrolling interest 99 122
Total equity 5,228 7,721
Total liabilities and equity $ 12,442 $ 16,141