º¬Ð߲ݴ«Ã½

Annual report pursuant to Section 13 and 15(d)

Debt (Tables)

v3.22.0.1
Debt (Tables)
12 Months Ended
Dec. 31, 2021
Debt Ìý
Schedule of debt summarized

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Outstanding

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ÌýÌýÌýÌý

principal

ÌýÌýÌýÌý

Carrying value

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DecemberÌý31,

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DecemberÌý31,

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DecemberÌý31,

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2021

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2021

​

2020

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amountsÌýinÌýmillions

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Corporate level debentures

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8.5% Senior Debentures due 2029

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$

287

Ìý

286

Ìý

285

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8.25% Senior Debentures due 2030

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Ìý

505

Ìý

503

Ìý

502

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4% Exchangeable Senior Debentures due 2029

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​

396

Ìý

328

Ìý

362

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3.75% Exchangeable Senior Debentures due 2030

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Ìý

432

Ìý

347

Ìý

346

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1.75% Exchangeable Senior Debentures due 2046

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332

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640

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649

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Subsidiary level notes and facilities

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QVC 4.375% Senior Secured Notes due 2023

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Ìý

750

Ìý

750

Ìý

750

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QVC 4.85% Senior Secured Notes due 2024

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600

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600

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600

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QVC 4.45% Senior Secured Notes due 2025

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600

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599

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599

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QVC 4.75% Senior Secured Notes due 2027

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575

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575

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575

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QVC 4.375% Senior Secured Notes due 2028

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500

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500

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500

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QVC 5.45% Senior Secured Notes due 2034

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400

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399

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399

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QVC 5.95% Senior Secured Notes due 2043

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Ìý

300

Ìý

300

Ìý

300

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QVC 6.375% Senior Secured Notes due 2067

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225

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225

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225

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QVC 6.25% Senior Secured Notes due 2068

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​

500

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500

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500

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3.5% Exchangeable Senior Debentures due 2031

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—

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—

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393

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QVC Bank Credit Facilities

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Ìý

481

Ìý

481

Ìý

—

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Deferred loan costs

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(44)

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(49)

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Total consolidated º¬Ð߲ݴ«Ã½ debt

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$

6,883

Ìý

6,989

Ìý

6,936

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Less debt classified as current

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Ìý

(1,315)

Ìý

(1,750)

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Total long-term debt

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$

5,674

Ìý

5,186

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Schedule of Five Year Maturities

The annual principal maturities of º¬Ð߲ݴ«Ã½'s debt, based on stated maturity dates, for each of the next five years is as follows (amounts in millions):

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2022

ÌýÌýÌýÌý

$

3

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2023

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$

753

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2024

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$

603

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2025

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$

603

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2026

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$

484

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Schedule of fair value of debt securities that are not reported at fair value condensed consolidated balance sheet The fair value, based on quoted prices of instruments not considered to be active markets, of º¬Ð߲ݴ«Ã½'s publicly traded debt securities that are not reported at fair value in the accompanying consolidated balance sheets is as follows (amounts inÌýmillions):

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DecemberÌý31,

Ìý

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ÌýÌýÌýÌý

2021

ÌýÌýÌýÌý

2020

Ìý

Senior debentures

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$

871

Ìý

892

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QVC senior secured notes

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$

4,595

Ìý

4,705

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