º¬Ð߲ݴ«Ã½

Annual report pursuant to Section 13 and 15(d)

Goodwill and Other Intangible Assets (Tables)

v3.20.4
Goodwill and Other Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2020
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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Zulily

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Corporate and Other

ÌýÌýÌýÌý

Total

Ìý

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amountsÌýinÌýmillions

Ìý

Balance at January 1, 2019

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$

5,228

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860

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917

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12

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7,017

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Foreign currency translation adjustments

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—

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(1)

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—

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—

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(1)

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Impairment (1)

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—

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—

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(440)

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—

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(440)

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Balance at December 31, 2019

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5,228

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859

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477

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12

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6,576

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Foreign currency translation adjustments

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—

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62

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—

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—

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62

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Balance at December 31, 2020

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$

5,228

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921

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477

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12

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6,638

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(1) See discussion of the 2019 impairment below.
Schedule of Intangible assets subject to amortization

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DecemberÌý31,Ìý2020

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DecemberÌý31,Ìý2019

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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$

814

Ìý

(751)

Ìý

63

Ìý

764

Ìý

(624)

Ìý

140

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Customer relationships

​

Ìý

3,334

Ìý

(3,004)

Ìý

330

Ìý

3,319

Ìý

(2,891)

Ìý

428

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Other

​

Ìý

1,434

Ìý

(1,048)

Ìý

386

Ìý

1,343

Ìý

(956)

Ìý

387

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Total

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$

5,582

Ìý

(4,803)

Ìý

779

Ìý

5,426

Ìý

(4,471)

Ìý

955

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Schedule of amortization expense for the next five years Based on its amortizable intangible assets as of DecemberÌý31, 2020, º¬Ð߲ݴ«Ã½ expects that amortization expense will be as follows for the next five years (amounts in millions):

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2021

ÌýÌýÌýÌý

$

296

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2022

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$

184

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2023

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$

120

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2024

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$

74

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2025

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$

50

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