Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets

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Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 311 $ 307
Restricted cash 15 15
Accounts Receivable, after Allowance for Credit Loss, Current 969 1,295
Inventories 956 860
Prepaid expenses and other current assets 133 162
Total current assets 2,384 2,639
Noncurrent assets:    
Property, Plant and Equipment, Net 407 427
Operating Lease, Right-of-Use Asset 502 510
Television distribution rights, net (note 2) 74 83
Goodwill (note 3) 3,128 3,151
Other intangible assets, net (note 3) 3,093 3,111
Other noncurrent assets 47 54
Asset, Held-for-Sale, Not Part of Disposal Group 0 5
Total assets 11,375 11,720
Current liabilities:    
Current portion of debt and finance lease obligations (note 4) 586 424
Accounts payable-trade 742 838
Accrued liabilities 700 938
Other Liabilities, Current 52 51
Total current liabilities 2,080 2,251
Noncurrent liabilities:    
Long-term portion of debt and finance lease obligations (note 4) 3,765 3,911
Deferred Income Tax Liabilities, Net 620 621
Operating Lease, Liability, Noncurrent 487 488
Other long-term liabilities 114 112
Total liabilities 7,066 7,383
QVC, Inc. stockholder's equity:    
Common Stock, Value, Issued 0 0
Additional paid-in capital 10,908 10,901
Accumulated deficit (6,352) (6,361)
Accumulated other comprehensive loss (328) (290)
Total QVC, Inc. stockholder's equity 4,228 4,250
Noncontrolling interest 81 87
Total equity 4,309 4,337
Total liabilities and equity 11,375 11,720
Qurate    
Noncurrent assets:    
Financing Receivable, after Allowance for Credit Loss, Noncurrent $ 1,740 $ 1,740