Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets

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Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 421 $ 357
Restricted cash 9 10
Accounts Receivable, after Allowance for Credit Loss, Current 1,026 1,362
Inventories 1,027 1,035
Prepaid expenses and other current assets 122 144
Total current assets 2,605 2,908
Noncurrent assets:    
Property and equipment, net of accumulated depreciation of $955 at March 31, 2023 and $929 at December 31, 2022 458 472
Operating Lease, Right-of-Use Asset 484 419
Television distribution rights, net (note 2) 124 72
Goodwill (note 3) 3,481 3,470
Other intangible assets, net (note 3) 3,170 3,184
Other noncurrent assets 57 68
Asset, Held-for-Sale, Not Part of Disposal Group 0 71
Total assets 12,119 12,404
Current liabilities:    
Current portion of debt and finance lease obligations (note 5) 2 216
Accounts payable-trade 713 832
Accrued and other current liabilities (note 4) 830 968
Total current liabilities 1,545 2,016
Noncurrent liabilities:    
Long-term portion of debt and finance lease obligations (note 5) 4,962 4,721
Deferred income taxes (note 8) 611 577
Other long-term liabilities (note 4) 537 518
Total liabilities 7,655 7,832
QVC, Inc. stockholder's equity:    
Common Stock, Value, Issued 0 0
Additional paid-in capital 10,821 10,869
Accumulated deficit (6,161) (6,080)
Accumulated other comprehensive loss (note 12) (291) (312)
Total QVC, Inc. stockholder's equity 4,369 4,477
Noncontrolling interest 95 95
Total equity 4,464 4,572
Total liabilities and equity 12,119 12,404
Qurate    
Noncurrent assets:    
Financing Receivable, after Allowance for Credit Loss, Noncurrent $ 1,740 $ 1,740