Information about QVC's Operating Segments (Tables)

9 Months Ended

Sep. 30, 2020

Segment Reporting [Abstract]

Schedule of Revenue and Adjusted OIBDA by Segment

	Three months ended September 30,					Nine months ended September 30,
	2020			2019		2020		2019
(in millions)	Net revenue		Adjusted OIBDA	Net revenue	Adjusted OIBDA	Net revenue	Adjusted OIBDA	Net revenue	Adjusted OIBDA
QxH	$	1,980	380	1,854	346	5,782	1,061	5,585	1,093
QVC-International	723		132	650	106	2,071	348	1,934	313
Consolidated QVC	$	2,703	512	2,504	452	7,853	1,409	7,519	1,406

Schedule of Depreciation and Amortization by Segment

	Three months ended September 30,					Nine months ended September 30,
	2020			2019		2020		2019
(in millions)	Depreciation		Amortization	Depreciation	Amortization	Depreciation	Amortization	Depreciation	Amortization
QxH	$	31	66	29	65	89	204	85	201
QVC-International	14		3	14	4	42	9	58	10
Consolidated QVC	$	45	69	43	69	131	213	143	211

Schedule of Capital Expenditures and Total Assets by Segment

	September 30, 2020
(in millions)	Total assets		Capital expenditures	Property and equipment, net
QxH	$	11,813	121	767
QVC-International	2,294		19	395
Consolidated QVC	$	14,107	140	1,162

Reconciliation of Adjusted OIBDA to Income before Income Taxes

The following table provides a reconciliation of Adjusted OIBDA to operating income and income before income taxes:

	Three months ended September 30,			Nine months ended September 30,
(in millions)	2020		2019	2020	2019
Adjusted OIBDA	$	512	452	1,409	1,406
Transaction related costs	—		—	—	(1)
Stock-based compensation	(10)		(10)	(26)	(30)
Depreciation and amortization	(114)		(112)	(344)	(354)
Operating income	388		330	1,039	1,021
Equity in earnings (losses) of investee	1		—	(1)	(1)
Gains (losses) on financial instruments	1		(2)	(3)	(5)
Interest expense, net	(65)		(61)	(194)	(182)
Foreign currency gain (loss)	1		—	3	(3)
Loss on extinguishment of debt	(42)		—	(42)	—
Income before income taxes	$	284	267	802	830