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Annual report pursuant to Section 13 and 15(d)

Debt (Tables)

v3.6.0.2
Debt (Tables)
12 Months Ended
Dec. 31, 2016
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

2016

Ìý

2016

Ìý

2015

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

1

Ìý

Ìý—

Ìý

349

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 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

1,896

Ìý

1,896

Ìý

1,815

Ìý

Other subsidiary debt

Ìý

Ìý

174

Ìý

174

Ìý

72

Ìý

Deferred loan costs

Ìý

Ìý

Ìý

Ìý

(28)

Ìý

(34)

Ìý

Total QVC Group

Ìý

$

6,412

Ìý

6,375

Ìý

6,535

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

$

435

Ìý

276

Ìý

257

Ìý

3.75% Exchangeable Senior Debentures due 2030

Ìý

Ìý

436

Ìý

267

Ìý

275

Ìý

3.5% Exchangeable Senior Debentures due 2031

Ìý

Ìý

337

Ìý

316

Ìý

312

Ìý

0.75% Exchangeable Senior Debentures due 2043

Ìý

Ìý

1

Ìý

3

Ìý

1,287

Ìý

1.75% Exchangeable Senior Debentures due 2046

Ìý

Ìý

750

Ìý

805

Ìý

NA

Ìý

Subsidiary level notes and facilities

Ìý

Ìý

Ìý—

Ìý

Ìý—

Ìý

41

Ìý

Total Ventures Group

Ìý

$

1,959

Ìý

1,667

Ìý

2,172

Ìý

Total consolidated Liberty debt

Ìý

$

8,371

Ìý

8,042

Ìý

8,707

Ìý

Less debt classified as current

Ìý

Ìý

Ìý

Ìý

(876)

Ìý

(1,226)

Ìý

Total long-term debt

Ìý

Ìý

Ìý

Ìý

7,166

Ìý

7,481

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

2017

ÌýÌýÌýÌý

$

31

Ìý

2018

Ìý

$

33

Ìý

2019

Ìý

$

432

Ìý

2020

Ìý

$

31

Ìý

2021

Ìý

$

1,927

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

2016

ÌýÌýÌýÌý

2015

Ìý

Senior debentures

Ìý

$

853

Ìý

809

Ìý

QVC senior secured notes

Ìý

$

3,496

Ìý

3,374

Ìý

Ìý