º¬Ð߲ݴ«Ã½

Annual report pursuant to Section 13 and 15(d)

Summary of Significant Accounting Policies (Tables)

v3.20.4
Summary of Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2020
Summary of Significant Accounting Policies Ìý
Summary of activity in the allowance for doubtful accounts

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Balance

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Additions

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Balance

Ìý

​

​

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

​

write-offs

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year

Ìý

​

​

amountsÌýinÌýmillions

Ìý

2020

ÌýÌýÌýÌý

$

129

ÌýÌýÌýÌý

92

ÌýÌýÌýÌý

—

Ìý

ÌýÌýÌýÌý

(89)

Ìý

ÌýÌýÌýÌý

132

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2019

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$

117

ÌýÌýÌýÌý

130

ÌýÌýÌýÌý

4

Ìý

ÌýÌýÌýÌý

(122)

Ìý

ÌýÌýÌýÌý

129

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2018

ÌýÌýÌýÌý

$

92

ÌýÌýÌýÌý

123

ÌýÌýÌýÌý

3

Ìý

ÌýÌýÌýÌý

(101)

Ìý

ÌýÌýÌýÌý

117

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Schedule of Property and Equipment

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DecemberÌý31,

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DecemberÌý31,

Ìý

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2020

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2019

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amountsÌýinÌýmillions

Ìý

Land

ÌýÌýÌýÌý

$

133

ÌýÌýÌýÌý

128

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Buildings and improvements

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Ìý

1,291

Ìý

1,204

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Support equipment

​

Ìý

1,243

Ìý

1,023

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Projects in progress

​

Ìý

44

Ìý

169

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

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​

278

​

282

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Total property and equipment

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$

2,989

Ìý

2,806

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Schedule of disaggregation of revenue

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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

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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

​

439

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582

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172

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2,484

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Accessories

​

919

​

262

​

416

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—

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1,597

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Electronics

​

1,142

​

104

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15

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—

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1,261

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Jewelry

​

402

​

221

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54

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—

​

677

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Other revenue

​

166

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14

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29

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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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Year ended

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December 31, 2018

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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

$

3,185

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1,023

​

511

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791

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5,510

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Beauty

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1,330

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640

​

50

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—

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2,020

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Apparel

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1,325

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453

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684

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180

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2,642

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Accessories

​

934

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273

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472

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—

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1,679

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Electronics

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1,134

​

119

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18

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—

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1,271

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Jewelry

​

474

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213

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53

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—

​

740

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Other revenue

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162

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17

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29

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—

​

208

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Total Revenue

$

8,544

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2,738

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1,817

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971

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14,070

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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

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)

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261

2018

$

267

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2,434

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(2,435)

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266

Schedule of net earnings attributable to stockholders

Net earnings (loss) attributable to º¬Ð߲ݴ«Ã½ stockholders is comprised of the following (amounts in millions):

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Years ended December 31,

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2020

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2019

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2018

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º¬Ð߲ݴ«Ã½

ÌýÌýÌýÌý

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ÌýÌýÌýÌý

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ÌýÌýÌýÌý

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Ìý

Net earnings (loss) from continuing operations

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$

1,204

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(456)

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674

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Net earnings (loss) from discontinued operations

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$

NA

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NA

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NA

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Liberty Ventures

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Net earnings (loss) from continuing operations

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$

NA

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NA

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101

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Net earnings (loss) from discontinued operations

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$

NA

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NA

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141

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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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2020

ÌýÌýÌýÌý

2019

ÌýÌýÌýÌý

2018

Ìý

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numberÌýofÌýsharesÌýinÌýmillions

Ìý

Basic WASO

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​

416

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424

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462

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Potentially dilutive shares

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​

5

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—

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3

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Diluted WASO

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421

​

424

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465

​