Annual report pursuant to Section 13 and 15(d)

Long-Term Debt (Tables)

v3.22.4
Long-Term Debt (Tables)
 12 Months Ended
Dec. 31, 2022
Debt Disclosure [Abstract]  
Schedule of debt
Long-term debt and finance lease obligations consisted of the following:
December 31,
(in millions) 2022 2021
4.375% Senior Secured Notes due 2023, net of original issue discount
 214  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) 1,057  481 
Finance lease obligations (note 9) 4  157 
Less debt issuance costs, net (36) (43)
Total debt and finance lease obligations 4,937  5,043 
Less current portion (216) (20)
Long-term portion of debt and finance lease obligations $ 4,721  5,023 
(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)
2023 $ 214 
2024 600 
2025 600 
2026 1,057 
2027 575 
(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.