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Annual report pursuant to Section 13 and 15(d)

Summary of Significant Accounting Policies (Tables)

v3.22.0.1
Summary of Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2021
Summary of Significant Accounting Policies Ìý
Summary of activity in the allowance for credit losses

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Balance

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Additions

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Balance

Ìý

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​

beginning

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Charged

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Deductions-

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endÌýof

Ìý

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ofÌýyear

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toÌýexpense

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Other

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write-offs

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year

Ìý

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amountsÌýinÌýmillions

Ìý

2021

ÌýÌýÌýÌý

$

132

ÌýÌýÌýÌý

55

ÌýÌýÌýÌý

—

Ìý

ÌýÌýÌýÌý

(80)

Ìý

ÌýÌýÌýÌý

107

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2020

​

$

129

ÌýÌýÌýÌý

92

ÌýÌýÌýÌý

—

Ìý

ÌýÌýÌýÌý

(89)

Ìý

ÌýÌýÌýÌý

132

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2019

ÌýÌýÌýÌý

$

117

ÌýÌýÌýÌý

130

ÌýÌýÌýÌý

4

Ìý

ÌýÌýÌýÌý

(122)

Ìý

ÌýÌýÌýÌý

129

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Schedule of Property and Equipment

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DecemberÌý31,

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DecemberÌý31,

Ìý

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2021

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2020

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amountsÌýinÌýmillions

Ìý

Land

ÌýÌýÌýÌý

$

116

ÌýÌýÌýÌý

133

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Buildings and improvements

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Ìý

998

Ìý

1,291

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Support equipment

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Ìý

1,155

Ìý

1,243

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Projects in progress

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Ìý

55

Ìý

44

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Finance lease right-of-use ("ROU") assets

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277

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278

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Total property and equipment

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$

2,601

Ìý

2,989

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Schedule of disaggregation of revenue

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Year ended

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December 31, 2021

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QxH

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QVC Int'l

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Zulily

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Corp and other

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Total

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in millions

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Home

$

3,278

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1,237

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440

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1,038

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5,993

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Beauty

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1,223

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723

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66

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—

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2,012

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Apparel

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1,291

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492

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559

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199

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2,541

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Accessories

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980

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265

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295

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—

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1,540

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Electronics

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964

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119

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13

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—

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1,096

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Jewelry

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359

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228

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50

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—

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637

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Other revenue

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182

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13

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30

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—

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225

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Total Revenue

$

8,277

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3,077

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1,453

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1,237

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14,044

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Year ended

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December 31, 2020

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QxH

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QVC Int'l

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Zulily

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Corp and other

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Total

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in millions

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Home

$

3,529

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1,199

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490

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903

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6,121

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Beauty

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1,261

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724

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73

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—

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2,058

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Apparel

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1,170

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437

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583

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166

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2,356

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Accessories

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944

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260

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394

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—

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1,598

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Electronics

​

1,069

​

122

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17

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—

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1,208

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Jewelry

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363

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216

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51

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—

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630

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Other revenue

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169

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9

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28

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—

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206

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Total Revenue

$

8,505

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2,967

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1,636

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1,069

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14,177

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Year ended

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December 31, 2019

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QxH

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QVC Int'l

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Zulily

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Corp and other

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Total

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in millions

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Home

$

3,053

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1,010

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422

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729

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5,214

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Beauty

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1,304

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659

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53

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—

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2,016

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Apparel

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1,291

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439

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582

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172

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2,484

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Accessories

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919

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262

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416

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—

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1,597

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Electronics

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1,142

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104

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15

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—

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1,261

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Jewelry

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402

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221

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54

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—

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677

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Other revenue

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166

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14

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29

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—

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209

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Total Revenue

$

8,277

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2,709

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1,571

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901

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13,458

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Summary of activity in allowance for sales returns

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Balance beginning of year

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Additions - charged to earnings

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Deductions

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Balance end of year

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in millions

2021

$

300

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2,145

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(2,171)

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274

2020

$

261

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2,188

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(2,149)

​

300

2019

$

266

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2,336

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(2,341)

​

261

Schedule of weighted average number of shares outstanding

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YearsÌýended December 31,

Ìý

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ÌýÌýÌýÌý

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2021

ÌýÌýÌýÌý

2020

ÌýÌýÌýÌý

2019

Ìý

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numberÌýofÌýsharesÌýinÌýmillions

Ìý

Basic WASO

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403

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416

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424

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Potentially dilutive shares

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12

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5

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—

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Diluted WASO

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415

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421

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424

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