Annual report pursuant to Section 13 and 15(d)

Long-Term Debt (Tables)

v3.24.0.1
Long-Term Debt (Tables)
 12 Months Ended
Dec. 31, 2023
Debt Disclosure [Abstract]  
Schedule of debt
Long-term debt and finance lease obligations consisted of the following:
December 31,
(in millions) 2023 2022
4.375% Senior Secured Notes due 2023, net of original issue discount
 —  214 
4.85% Senior Secured Notes due 2024, net of original issue discount
 423  600 
4.45% Senior Secured Notes due 2025, net of original issue discount
 585  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 857  1,057 
Finance lease obligations 2  4 
Less debt issuance costs, net (31) (36)
Total debt and finance lease obligations 4,335  4,937 
Less current portion (424) (216)
Long-term portion of debt and finance lease obligations $ 3,911  4,721 
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)
2024 $ 423 
2025 586 
2026 857 
2027 575 
2028 500 
(1) Amounts exclude finance lease obligations (see note 8) and the issue discounts on the 4.45% and 4.85% senior secured notes.