º¬Ð߲ݴ«Ã½

Annual report pursuant to Section 13 and 15(d)

Goodwill and Other Intangible Assets (Tables)

v3.24.0.1
Goodwill and Other Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2023
Goodwill and Other Intangible Assets Ìý
Schedule of changes in the carrying amount of goodwill

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ÌýÌýÌýÌý

QxH

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QVC International

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CBI

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Corporate and Other

ÌýÌýÌýÌý

Total

Ìý

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amountsÌýinÌýmillions

Ìý

Balance at January 1, 2022

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$

5,228

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855

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12

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244

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6,339

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Foreign currency translation adjustments

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—

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(77)

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—

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—

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(77)

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Impairments

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(2,535)

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—

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—

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(226)

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(2,761)

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Balance at December 31, 2022

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2,693

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778

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12

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18

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3,501

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Foreign currency translation adjustments

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—

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7

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—

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—

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7

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Dispositions (1)

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—

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—

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—

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(18)

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(18)

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Impairments

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(326)

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—

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—

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—

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(326)

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Balance at December 31, 2023

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$

2,367

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785

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12

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—

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3,164

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(1) Zulily goodwill was eliminated as a result of the divestiture of Zulily on May 24, 2023 (see note 1).
Schedule of Intangible assets subject to amortization

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DecemberÌý31,Ìý2023

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DecemberÌý31,Ìý2022

Ìý

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ÌýÌýÌýÌý

Gross

ÌýÌýÌýÌý

ÌýÌýÌýÌý

ÌýÌýÌýÌý

Net

ÌýÌýÌýÌý

Gross

ÌýÌýÌýÌý

ÌýÌýÌýÌý

ÌýÌýÌýÌý

Net

Ìý

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carrying

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Accumulated

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carrying

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carrying

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Accumulated

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carrying

Ìý

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amount

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amortization

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amount

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amount

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amortization

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amount

Ìý

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amountsÌýinÌýmillions

Ìý

Television distribution rights

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$

592

Ìý

(509)

Ìý

83

Ìý

664

Ìý

(592)

Ìý

72

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Customer relationships

​

Ìý

2,825

Ìý

(2,684)

Ìý

141

Ìý

3,307

Ìý

(3,120)

Ìý

187

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Other

​

Ìý

1,193

Ìý

(891)

Ìý

302

Ìý

1,473

Ìý

(1,120)

Ìý

353

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Total

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$

4,610

Ìý

(4,084)

Ìý

526

Ìý

5,444

Ìý

(4,832)

Ìý

612

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Schedule of amortization expense for the next five years Based on its amortizable intangible assets as of DecemberÌý31, 2023, º¬Ð߲ݴ«Ã½ expects that amortization expense will be as follows for the next five years (amounts in millions):

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2024

ÌýÌýÌýÌý

$

271

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2025

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$

155

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2026

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$

92

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2027

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$

8

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2028

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$

—

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