Information about QVC's Operating Segments (Tables)

3 Months Ended

Mar. 31, 2025

Segment Reporting [Abstract]

Disaggregation of Revenue [Table Text Block]

Disaggregated revenue by segment and product category consisted of the following:

	Three months ended March 31, 2025				Three months ended March 31, 2024
(in millions)	QxH		QVC Int'l	Total	QxH	QVC Int'l	Total
Home	$	538	223	761	589	237	826
Apparel	258		99	357	282	108	390
Beauty	211		120	331	239	129	368
Accessories	173		46	219	201	48	249
Electronics	89		15	104	108	15	123
Jewelry	63		33	96	80	33	113
Other revenue	36		1	37	40	2	42
Total net revenue	$	1,368	537	1,905	1,539	572	2,111

Schedule of Revenue and Adjusted OIBDA by Segment

			Three months ended March 31, 2025			Three months ended March 31, 2024
(in millions)	QxH		QVC-Int'l	Total	QxH	QVC-Int'l	Total
Net revenue	$	1,368	537	1,905	1,539	572	2,111
Costs of goods sold (exclusive of depreciation and amortization)	923		348	1,271	1,007	366	1,373
Segment gross profit	445		189	634	532	206	738
Operating expense	111		43	154	125	45	170
Advertising	55		8	63	53	7	60
Selling, general and administrative, excluding stock-based compensation and advertising	157		75	232	169	79	248
Adjusted OIBDA	$	122	63	185	185	75	260

Schedule of Capital Expenditures and Total Assets by Segment

	March 31, 2025
(in millions)	Total assets		Capital expenditures	Property and equipment, net
QxH	$	7,891	25	235
QVC International	1,784		5	153
Consolidated QVC	$	9,675	30	388

	March 31, 2024
(in millions)	Total assets		Capital expenditures	Property and equipment, net
QxH	$	9,582	22	254
QVC International	1,793		10	153
Consolidated QVC	$	11,375	32	407

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 March 31,
(in millions)	2025		2024
Adjusted OIBDA	$	185	260
Gain on sale leaseback transaction	—		1
Restructuring costs	(57)		—
Stock-based compensation	(4)		(12)
Depreciation and amortization	(95)		(92)
Operating income	29		157
Interest expense, net	(60)		(62)
Foreign currency gain (loss)	(4)		(1)
(Loss) earnings before income taxes	$	(35)	94