º¬Ð߲ݴ«Ã½

Annual report pursuant to Section 13 and 15(d)

Debt (Tables)

v3.3.1.900
Debt (Tables)
12 Months Ended
Dec. 31, 2015
Long-term Debt, Unclassified [Abstract] Ìý
Debt Excluding Intergroup Debt

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Outstanding

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

ÌýÌýÌýÌý

principal

ÌýÌýÌýÌý

Carrying value

Ìý

Ìý

Ìý

DecemberÌý31,

Ìý

DecemberÌý31,

Ìý

DecemberÌý31,

Ìý

Ìý

Ìý

2015

Ìý

2015

Ìý

2014

Ìý

Ìý

Ìý

amountsÌýinÌýmillions

Ìý

QVC Group

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Corporate level notes and debentures

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

8.5% Senior Debentures due 2029

Ìý

$

287

Ìý

285

Ìý

285

Ìý

8.25% Senior Debentures due 2030

Ìý

Ìý

504

Ìý

501

Ìý

501

Ìý

1% Exchangeable Senior Debentures due 2043

Ìý

Ìý

346

Ìý

349

Ìý

444

Ìý

Subsidiary level notes and facilities

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

QVC 3.125% Senior Secured Notes due 2019

Ìý

Ìý

400

Ìý

399

Ìý

399

Ìý

QVC 7.375% Senior Secured Notes due 2020

Ìý

Ìý

Ìý—

Ìý

Ìý—

Ìý

500

Ìý

QVC 5.125% Senior Secured Notes due 2022

Ìý

Ìý

500

Ìý

500

Ìý

500

Ìý

QVC 4.375% Senior Secured Notes due 2023

Ìý

Ìý

750

Ìý

750

Ìý

750

Ìý

QVC 4.85% Senior Secured Notes due 2024

Ìý

Ìý

600

Ìý

600

Ìý

600

Ìý

QVC 4.45% Senior Secured Notes due 2025

Ìý

Ìý

600

Ìý

599

Ìý

599

Ìý

QVC 5.45% Senior Secured Notes due 2034

Ìý

Ìý

400

Ìý

399

Ìý

399

Ìý

QVC 5.95% Senior Secured Notes due 2043

Ìý

Ìý

300

Ìý

300

Ìý

300

Ìý

QVC Bank Credit Facilities

Ìý

Ìý

1,815

Ìý

1,815

Ìý

508

Ìý

Other subsidiary debt

Ìý

Ìý

72

Ìý

72

Ìý

75

Ìý

Deferred loan costs

Ìý

Ìý

Ìý

Ìý

(34)

Ìý

(43)

Ìý

Total QVC Group

Ìý

$

6,574

Ìý

6,535

Ìý

5,817

Ìý

Ventures Group

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Corporate level debentures

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

4% Exchangeable Senior Debentures due 2029

Ìý

$

437

Ìý

257

Ìý

294

Ìý

3.75% Exchangeable Senior Debentures due 2030

Ìý

Ìý

437

Ìý

275

Ìý

291

Ìý

3.5% Exchangeable Senior Debentures due 2031

Ìý

Ìý

346

Ìý

312

Ìý

325

Ìý

0.75% Exchangeable Senior Debentures due 2043

Ìý

Ìý

850

Ìý

1,287

Ìý

1,220

Ìý

Subsidiary level notes and facilities

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Other subsidiary debt

Ìý

Ìý

41

Ìý

41

Ìý

61

Ìý

Total Ventures Group

Ìý

$

2,111

Ìý

2,172

Ìý

2,191

Ìý

Total consolidated Liberty debt

Ìý

$

8,685

Ìý

8,707

Ìý

8,008

Ìý

Less debt classified as current

Ìý

Ìý

Ìý

Ìý

(1,226)

Ìý

(946)

Ìý

Total long-term debt

Ìý

Ìý

Ìý

Ìý

7,481

Ìý

7,062

Ìý

Ìý

Schedule of Five Year Maturities

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

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

2016

ÌýÌýÌýÌý

$

390

Ìý

2017

Ìý

$

27

Ìý

2018

Ìý

$

29

Ìý

2019

Ìý

$

428

Ìý

2020

Ìý

$

1,837

Ìý

Ìý

Debt Securities That Are Not Reported At Fair Value

The fair value, based on quoted prices of instruments but not considered to be active markets (Level 2), of Liberty's publicly traded debt securities that are not reported at fair value in the accompanying consolidated balance sheets is as follows (amounts inÌýmillions):

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

DecemberÌý31,

Ìý

Ìý

ÌýÌýÌýÌý

2015

ÌýÌýÌýÌý

2014

Ìý

Senior debentures

Ìý

$

809

Ìý

882

Ìý

QVC senior secured notes

Ìý

$

3,374

Ìý

4,118

Ìý

Ìý