Goodwill (Tables)

3 Months Ended

Mar. 31, 2025

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of goodwill

The changes in the carrying amount of goodwill by operating segment for the three months ended March 31, 2025 were as follows:

(in millions)	QxH		QVC Int'l	Total
Balance as of December 31, 2024	$	1,464	740	2,204
Exchange rate fluctuations	—		26	26
Balance as of March 31, 2025	$	1,464	766	2,230

Schedule of acquired intangible assets by class

ntangible assets subject to amortization consisted of the following:

	March 31, 2025				December 31, 2024
(in millions)	Gross cost		Accumulated amortization	Intangible assets subject to amortization, net	Gross cost	Accumulated amortization	Intangible assets subject to amortization, net
Purchased and internally developed software	$	1,129	(888)	241	1,094	(852)	242
Affiliate and customer relationships	2,822		(2,740)	82	2,816	(2,722)	94
Television distribution rights	531		(454)	77	535	(489)	46
Debt origination fees	9		(7)	2	9	(6)	3
	$	4,491	(4,089)	402	4,454	(4,069)	385

Schedule of finite-lived intangible assets future amortization expense

As of March 31, 2025, the related amortization and interest expense for each of the next five years ended December 31 was as follows (in millions):

Remainder of 2025	$	174
2026	169
2027	45
2028	10
2029	4