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Annual report pursuant to Section 13 and 15(d)

Long-Term Debt (Tables)

v2.4.1.9
Long-Term Debt (Tables)
12 Months Ended
Dec. 31, 2014
Long-term Debt, Unclassified [Abstract] Ìý
Debt Excluding Intergroup Debt

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Outstanding

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

ÌýÌýÌýÌý

principal

ÌýÌýÌýÌý

Carrying value

Ìý

Ìý

Ìý

DecemberÌý31,

Ìý

DecemberÌý31,

Ìý

DecemberÌý31,

Ìý

Ìý

Ìý

2014

Ìý

2014

Ìý

2013

Ìý

Ìý

Ìý

amountsÌýinÌýmillions

Ìý

QVC Group

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Corporate level notes and debentures

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

8.5% Senior Debentures due 2029

Ìý

$

287Ìý

Ìý

285Ìý

Ìý

285Ìý

Ìý

8.25% Senior Debentures due 2030

Ìý

Ìý

504Ìý

Ìý

501Ìý

Ìý

501Ìý

Ìý

1% Exchangeable Senior Debentures due 2043

Ìý

Ìý

400Ìý

Ìý

444Ìý

Ìý

423Ìý

Ìý

Subsidiary level notes and facilities

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

QVC 7.5% Senior Secured Notes due 2019

Ìý

Ìý

Ìý—

Ìý

Ìý—

Ìý

761Ìý

Ìý

QVC 3.125% Senior Secured Notes due 2019

Ìý

Ìý

400Ìý

Ìý

399Ìý

Ìý

Ìý—

Ìý

QVC 7.375% Senior Secured Notes due 2020

Ìý

Ìý

500Ìý

Ìý

500Ìý

Ìý

500Ìý

Ìý

QVC 5.125% Senior Secured Notes due 2022

Ìý

Ìý

500Ìý

Ìý

500Ìý

Ìý

500Ìý

Ìý

QVC 4.375% Senior Secured Notes due 2023

Ìý

Ìý

750Ìý

Ìý

750Ìý

Ìý

750Ìý

Ìý

QVC 4.850% Senior Secured Notes due 2024

Ìý

Ìý

600Ìý

Ìý

600Ìý

Ìý

Ìý—

Ìý

QVC 4.45% Senior Secured Notes due 2025

Ìý

Ìý

600Ìý

Ìý

599Ìý

Ìý

Ìý—

Ìý

QVC 5.45% Senior Secured Notes due 2034

Ìý

Ìý

400Ìý

Ìý

399Ìý

Ìý

Ìý—

Ìý

QVC 5.95% Senior Secured Notes due 2043

Ìý

Ìý

300Ìý

Ìý

300Ìý

Ìý

300Ìý

Ìý

QVC Bank Credit Facilities

Ìý

Ìý

508Ìý

Ìý

508Ìý

Ìý

922Ìý

Ìý

Other subsidiary debt

Ìý

Ìý

75Ìý

Ìý

75Ìý

Ìý

141Ìý

Ìý

Total QVC Group

Ìý

$

5,824Ìý

Ìý

5,860Ìý

Ìý

5,083Ìý

Ìý

Ventures Group

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Corporate level debentures

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

4% Exchangeable Senior Debentures due 2029

Ìý

$

438Ìý

Ìý

294Ìý

Ìý

284Ìý

Ìý

3.75% Exchangeable Senior Debentures due 2030

Ìý

Ìý

438Ìý

Ìý

291Ìý

Ìý

270Ìý

Ìý

3.5% Exchangeable Senior Debentures due 2031

Ìý

Ìý

355Ìý

Ìý

325Ìý

Ìý

316Ìý

Ìý

0.75% Exchangeable Senior Debentures due 2043

Ìý

Ìý

850Ìý

Ìý

1,220Ìý

Ìý

1,062Ìý

Ìý

Subsidiary level notes and facilities

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Other subsidiary debt

Ìý

Ìý

61Ìý

Ìý

61Ìý

Ìý

Ìý—

Ìý

Total Ventures Group

Ìý

$

2,142Ìý

Ìý

2,191Ìý

Ìý

1,932Ìý

Ìý

Total consolidated Liberty debt

Ìý

$

7,966Ìý

Ìý

8,051Ìý

Ìý

7,015Ìý

Ìý

Less debt classified as current

Ìý

Ìý

Ìý

Ìý

(946)

Ìý

(909)

Ìý

Total long-term debt

Ìý

Ìý

Ìý

Ìý

7,105Ìý

Ìý

6,106Ìý

Ìý

Ìý

Schedule of Five Year Maturities

The annual principal maturities of Liberty's debt, based on stated maturity dates, for each of the next five years is as follows (amounts in millions):

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

2015

ÌýÌýÌýÌý

$

47Ìý

Ìý

2016

Ìý

$

26Ìý

Ìý

2017

Ìý

$

39Ìý

Ìý

2018

Ìý

$

533Ìý

Ìý

2019

Ìý

$

427Ìý

Ìý

Ìý

Debt Securities That Are Not Reported At Fair Value

The fair value, based on quoted prices of instruments but not considered to be active markets (Level 2), of Liberty's publicly traded debt securities that are not reported at fair value in the accompanying consolidated balance sheets is as follows (amounts inÌýmillions):

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

DecemberÌý31,

Ìý

Ìý

ÌýÌýÌýÌý

2014

ÌýÌýÌýÌý

2013

Ìý

Senior debentures

Ìý

$

882Ìý

Ìý

845Ìý

Ìý

QVC senior secured notes

Ìý

$

4,118Ìý

Ìý

2,861Ìý

Ìý

Ìý