| Schedule of disaggregation of revenue |
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
|
Ìý
|
Three months endedÌý
|
Ìý
|
|
Ìý
|
June 30, 2018
|
Ìý
|
|
Ìý
|
Ìý
|
QVC U.S.
|
Ìý
|
QVC International
|
Ìý
|
HSN
|
Ìý
|
zulily
|
Ìý
|
Corporate and other
|
Ìý
|
Total
|
Ìý
|
|
Ìý
|
in millions
|
Ìý
|
|
Home
|
$
|
454
|
Ìý
|
235
|
Ìý
|
197
|
Ìý
|
107
|
Ìý
|
203
|
Ìý
|
1,196
|
Ìý
|
|
Apparel
|
Ìý
|
332
|
Ìý
|
116
|
Ìý
|
24
|
Ìý
|
163
|
Ìý
|
33
|
Ìý
|
668
|
Ìý
|
|
Beauty
|
Ìý
|
250
|
Ìý
|
158
|
Ìý
|
66
|
Ìý
|
12
|
Ìý
|
Ìý—
|
Ìý
|
486
|
Ìý
|
|
Accessories
|
Ìý
|
194
|
Ìý
|
72
|
Ìý
|
58
|
Ìý
|
110
|
Ìý
|
Ìý—
|
Ìý
|
434
|
Ìý
|
|
Electronics
|
Ìý
|
88
|
Ìý
|
22
|
Ìý
|
77
|
Ìý
|
Ìý4
|
Ìý
|
Ìý—
|
Ìý
|
191
|
Ìý
|
|
Jewelry
|
Ìý
|
76
|
Ìý
|
48
|
Ìý
|
36
|
Ìý
|
11
|
Ìý
|
Ìý—
|
Ìý
|
171
|
Ìý
|
|
Other revenue
|
Ìý
|
33
|
Ìý
|
Ìý5
|
Ìý
|
15
|
Ìý
|
Ìý8
|
Ìý
|
26
|
Ìý
|
87
|
Ìý
|
|
Total Revenue
|
$
|
1,427
|
Ìý
|
656
|
Ìý
|
473
|
Ìý
|
415
|
Ìý
|
262
|
Ìý
|
3,233
|
Ìý
|
Ìý
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
|
Ìý
|
Six months ended
|
Ìý
|
|
Ìý
|
June 30, 2018
|
Ìý
|
|
Ìý
|
Ìý
|
QVC U.S.
|
Ìý
|
QVC International
|
Ìý
|
HSN
|
Ìý
|
zulily
|
Ìý
|
Corporate and other
|
Ìý
|
Total
|
Ìý
|
|
Ìý
|
in millions
|
Ìý
|
|
Home
|
$
|
953
|
Ìý
|
495
|
Ìý
|
424
|
Ìý
|
223
|
Ìý
|
350
|
Ìý
|
2,445
|
Ìý
|
|
Apparel
|
Ìý
|
612
|
Ìý
|
235
|
Ìý
|
51
|
Ìý
|
319
|
Ìý
|
72
|
Ìý
|
1,289
|
Ìý
|
|
Beauty
|
Ìý
|
489
|
Ìý
|
302
|
Ìý
|
133
|
Ìý
|
24
|
Ìý
|
Ìý—
|
Ìý
|
948
|
Ìý
|
|
Accessories
|
Ìý
|
380
|
Ìý
|
139
|
Ìý
|
108
|
Ìý
|
224
|
Ìý
|
Ìý—
|
Ìý
|
851
|
Ìý
|
|
Electronics
|
Ìý
|
175
|
Ìý
|
48
|
Ìý
|
163
|
Ìý
|
Ìý8
|
Ìý
|
Ìý—
|
Ìý
|
394
|
Ìý
|
|
Jewelry
|
Ìý
|
171
|
Ìý
|
103
|
Ìý
|
73
|
Ìý
|
23
|
Ìý
|
Ìý—
|
Ìý
|
370
|
Ìý
|
|
Other revenue
|
Ìý
|
64
|
Ìý
|
10
|
Ìý
|
30
|
Ìý
|
13
|
Ìý
|
49
|
Ìý
|
166
|
Ìý
|
|
Total Revenue
|
$
|
2,844
|
Ìý
|
1,332
|
Ìý
|
982
|
Ìý
|
834
|
Ìý
|
471
|
Ìý
|
6,463
|
Ìý
|
Ìý
|
| Schedule of cumulative effect of accounting changes |
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
|
Ìý
|
Ìý
|
Balance at
|
Ìý
|
Adjustments
|
Ìý
|
Balance at
|
Ìý
|
|
Ìý
|
Ìý
|
December 31,Ìý
|
Ìý
|
Due to ASU
|
Ìý
|
January 1,
|
Ìý
|
|
Ìý
|
Ìý
|
2017
|
Ìý
|
2014-09
|
Ìý
|
2018
|
Ìý
|
|
Ìý
|
Ìý
|
in millions
|
Ìý
|
|
Assets:Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
|
Inventory, net
|
$
|
1,411
|
Ìý
|
(27)
|
Ìý
|
1,384
|
Ìý
|
|
Other current assets
|
$
|
125
|
Ìý
|
(11)
|
Ìý
|
114
|
Ìý
|
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
|
Liabilities:
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
|
Other current liabilities
|
$
|
169
|
Ìý
|
(46)
|
Ìý
|
123
|
Ìý
|
|
Deferred income tax liabilities
|
$
|
2,500
|
Ìý
|
2
|
Ìý
|
2,502
|
Ìý
|
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
|
Equity:
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
|
Retained earnings
|
$
|
9,068
|
Ìý
|
6
|
Ìý
|
9,074
|
Ìý
|
Ìý
In accordance with the new revenue standard requirements, the following table illustrates the impact on our reported results in the condensed consolidated statements of operations assuming we did not adopt the new revenue standard on January 1, 2018.ÌýOther than as previously discussed, upon the adoption of the new revenue standard on January 1, 2018, there were no additional material adjustments to our condensed consolidated balance sheet as of JuneÌý30, 2018. Ìý
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
|
Ìý
|
Ìý
|
As reported
|
Ìý
|
Ìý
|
Ìý
|
Balance without
|
Ìý
|
|
Ìý
|
Ìý
|
Three months ended
|
Ìý
|
Ìý
|
Ìý
|
adoption of
|
Ìý
|
|
Ìý
|
Ìý
|
JuneÌý30, 2018
|
Ìý
|
Impact of ASC 606
|
Ìý
|
ASC 606
|
Ìý
|
|
Ìý
|
Ìý
|
in millions
|
Ìý
|
|
Net revenue
|
$
|
3,233
|
Ìý
|
(23)
|
Ìý
|
3,210
|
Ìý
|
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
|
Cost of retail sales
|
$
|
2,050
|
Ìý
|
3
|
Ìý
|
2,053
|
Ìý
|
|
Selling, general and administrative expenses, including stock-based compensation and transaction related costs
|
$
|
428
|
Ìý
|
(35)
|
Ìý
|
393
|
Ìý
|
|
Operating expense
|
$
|
238
|
Ìý
|
3
|
Ìý
|
241
|
Ìý
|
|
Income tax (expense) benefit
|
$
|
(25)
|
Ìý
|
(1)
|
Ìý
|
(26)
|
Ìý
|
|
Net income
|
$
|
187
|
Ìý
|
5
|
Ìý
|
192
|
Ìý
|
Ìý
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
|
Ìý
|
Ìý
|
As reported
|
Ìý
|
Ìý
|
Ìý
|
Balance without
|
Ìý
|
|
Ìý
|
Ìý
|
Six months ended
|
Ìý
|
Ìý
|
Ìý
|
adoption of
|
Ìý
|
|
Ìý
|
Ìý
|
JuneÌý30, 2018
|
Ìý
|
Impact of ASC 606
|
Ìý
|
ASC 606
|
Ìý
|
|
Ìý
|
Ìý
|
in millions
|
Ìý
|
|
Net revenue
|
$
|
6,463
|
Ìý
|
(88)
|
Ìý
|
6,375
|
Ìý
|
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
|
Cost of retail sales
|
$
|
4,143
|
Ìý
|
(12)
|
Ìý
|
4,131
|
Ìý
|
|
Selling, general and administrative expenses, including stock-based compensation and transaction related costs
|
$
|
880
|
Ìý
|
(63)
|
Ìý
|
817
|
Ìý
|
|
Operating expense
|
$
|
466
|
Ìý
|
(2)
|
Ìý
|
464
|
Ìý
|
|
Income tax (expense) benefit
|
$
|
(54)
|
Ìý
|
2
|
Ìý
|
(52)
|
Ìý
|
|
Net income
|
$
|
571
|
Ìý
|
(9)
|
Ìý
|
562
|
Ìý
|
Ìý
|