2.2.0.25falsefalse11101 - Disclosure - Long-Term Debttruefalsefalse1falsefalseUSDfalsefalse1/1/2010 - 12/31/2010
USD ($)
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3false0us-gaap_DebtDisclosureTextBlockus-gaaptruenadurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalseterselabel| 1falsefalsefalse00<div>
<p style="text-align: justify; line-height: 10.8pt; margin: 0in 0in 0pt; font-family: Courier; font-size: 12pt;" class="MsoNormal"><b><font style="font-family: 'Bookman Old Style','serif'; font-size: 9pt;" class="_mt">(11) <u>Long-Term Debt</u> </font></b></p>
<p style="text-align: justify; line-height: 10.8pt; margin: 0in 0in 0pt; font-family: Courier; font-size: 12pt;" class="MsoNormal"><font style="font-family: 'Bookman Old Style','serif'; font-size: 9pt;" class="_mt">Debt is summarized as follows: </font></p>
<table style="border-collapse: collapse; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormalTable" border="0" cellspacing="0" cellpadding="0" width="654">
<tr><td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td></tr>
<tr><td style="padding-bottom: 0in; padding-left: 0in; width: 4.25in; padding-right: 0in; padding-top: 0in;" valign="top" width="408">
<p style="line-height: 10.8pt; margin: 0in 0in 0pt 0.5in; font-family: Courier; font-size: 12pt;" class="MsoNormal"> </p></td>
<td style="padding-bottom: 0in; padding-left: 0in; width: 67.5pt; padding-right: 0in; padding-top: 0in;" valign="top" width="90">
<p style="line-height: 10.8pt; margin: 0in 0in 0pt 4.5pt; font-family: Courier; font-size: 12pt;" class="MsoNormal"><font style="font-family: 'Bookman Old Style','serif'; font-size: 9pt;" class="_mt">Outstanding </font></p></td>
<td style="padding-bottom: 0in; padding-left: 0in; width: 117pt; padding-right: 0in; padding-top: 0in;" valign="top" width="156" colspan="3">
<p style="text-align: justify; line-height: 10.8pt; margin: 0in 0in 0pt; font-family: Courier; font-size: 12pt;" class="MsoNormal"> </p></td></tr>
<tr><td style="padding-bottom: 0in; padding-left: 0in; width: 4.25in; padding-right: 0in; padding-top: 0in;" valign="top" width="408">
<p style="line-height: 10.8pt; margin: 0in 0in 0pt 0.5in; font-family: Courier; font-size: 12pt;" class="MsoNormal"> </p></td>
<td style="padding-bottom: 0in; padding-left: 0in; width: 67.5pt; padding-right: 0in; padding-top: 0in;" valign="top" width="90">
<p style="line-height: 10.8pt; margin: 0in 0in 0pt 4.5pt; font-family: Courier; font-size: 12pt;" class="MsoNormal"><font style="font-family: 'Bookman Old Style','serif'; font-size: 9pt;" class="_mt"> principal </font></p></td>
<td style="padding-bottom: 0in; padding-left: 0in; width: 117pt; padding-right: 0in; padding-top: 0in;" valign="top" width="156" colspan="3">
<p style="line-height: 10.8pt; margin: 0in 0in 0pt 9pt; font-family: Courier; font-size: 12pt;" class="MsoNormal"><font style="font-family: 'Bookman Old Style','serif'; font-size: 9pt;" class="_mt"> Carrying value </font></p></td></tr>
<tr><td style="padding-bottom: 0in; padding-left: 0in; width: 4.25in; padding-right: 0in; padding-top: 0in;" valign="top" width="408">
<p style="line-height: 10.8pt; margin: 0in 0in 0pt 0.5in; font-family: Courier; font-size: 12pt;" class="MsoNormal"> </p></td>
<td style="padding-bottom: 0in; padding-left: 0in; width: 67.5pt; padding-right: 0in; padding-top: 0in;" valign="top" width="90">
<p style="line-height: 10.8pt; margin: 0in 0in 0pt 4.5pt; font-family: Courier; font-size: 12pt;" class="MsoNormal"><font style="font-family: 'Bookman Old Style','serif'; font-size: 9pt;" class="_mt">December 31,</font></p></td>
<td style="padding-bottom: 0in; padding-left: 0in; width: 117pt; padding-right: 0in; padding-top: 0in;" valign="top" width="156" colspan="3">
<p style="border-bottom: black 1px solid; line-height: 10.8pt; margin: 0in 0in 0pt 9pt; font-family: Courier; font-size: 12pt;" class="MsoNormal"><font style="font-family: 'Bookman Old Style','serif'; font-size: 9pt;" class="_mt"> December 31, </font></p></td></tr>
<tr><td style="padding-bottom: 0in; padding-left: 0in; width: 4.25in; padding-right: 0in; padding-top: 0in;" valign="top" width="408">
<p style="line-height: 10.8pt; margin: 0in 0in 0pt 0.5in; font-family: Courier; font-size: 12pt;" class="MsoNormal"> </p></td>
<td style="padding-bottom: 0in; padding-left: 0in; width: 67.5pt; padding-right: 0in; padding-top: 0in;" valign="top" width="90">
<p style="border-bottom: black 1px solid; line-height: 10.8pt; margin: 0in 0in 0pt 4.5pt; font-family: Courier; font-size: 12pt;" class="MsoNormal"><font style="font-family: 'Bookman Old Style','serif'; font-size: 9pt;" class="_mt"> 2010 </font></p></td>
<td style="padding-bottom: 0in; padding-left: 0in; width: 58.5pt; padding-right: 0in; padding-top: 0in;" valign="top" width="78">
<p style="border-bottom: black 1px solid; line-height: 10.8pt; margin: 0in 0in 0pt 9pt; font-family: Courier; font-size: 12pt;" class="MsoNormal"><font style="font-family: 'Bookman Old Style','serif'; font-size: 9pt;" class="_mt"> 2010 </font></p></td>
<td style="padding-bottom: 0in; padding-left: 0in; width: 0.75in; padding-right: 0in; padding-top: 0in;" valign="top" width="72">
<p style="border-bottom: black 1px solid; line-height: 10.8pt; margin: 0in 0in 0pt 4.5pt; font-family: Courier; font-size: 12pt;" class="MsoNormal"><font style="font-family: 'Bookman Old Style','serif'; font-size: 9pt;" class="_mt"> 2009 </font></p></td>
<td style="padding-bottom: 0in; padding-left: 0in; padding-right: 0in; padding-top: 0in;" width="6">
<p style="line-height: 12pt; margin: 12pt 0in 0pt; font-family: Courier; font-size: 12pt;" class="MsoNormal"> </p></td></tr>
<tr><td style="padding-bottom: 0in; padding-left: 0in; width: 4.25in; padding-right: 0in; padding-top: 0in;" valign="top" width="408">
<p style="line-height: 10.8pt; margin: 0in 0in 0pt 0.5in; font-family: Courier; font-size: 12pt;" class="MsoNormal"><font style="font-family: 'Bookman Old Style','serif'; font-size: 9pt;" class="_mt">Capital Group</font></p></td>
<td style="padding-bottom: 0in; padding-left: 0in; width: 2.5in; padding-right: 0in; padding-top: 0in;" valign="top" width="240" colspan="3">
<p style="line-height: 10.8pt; margin: 0in 0in 0pt 9pt; font-family: Courier; font-size: 12pt;" class="MsoNormal"><font style="font-family: 'Bookman Old Style','serif'; font-size: 9pt;" class="_mt"> amounts in millions </font></p></td>
<td style="padding-bottom: 0in; padding-left: 0in; padding-right: 0in; padding-top: 0in;" width="6">
<p style="line-height: 12pt; margin: 12pt 0in 0pt; font-family: Courier; font-size: 12pt;" class="MsoNormal"> </p></td></tr>
<tr><td style="padding-bottom: 0in; padding-left: 0in; width: 4.25in; padding-right: 0in; padding-top: 0in;" valign="top" width="408">
<p style="line-height: 10.8pt; margin: 0in 0in 0pt 0.5in; font-family: Courier; font-size: 12pt;" class="MsoNormal"><font style="font-family: 'Bookman Old Style','serif'; font-size: 9pt;" class="_mt"> Exchangeable senior debentures</font></p></td>
<td style="padding-bottom: 0in; padding-left: 0in; width: 67.5pt; padding-right: 0in; padding-top: 0in;" valign="bottom" width="90">
<p style="line-height: 10.8pt; margin: 0in 0in 0pt 4.5pt; font-family: Courier; font-size: 12pt;" class="MsoNormal"> </p></td>
<td style="padding-bottom: 0in; padding-left: 0in; width: 58.5pt; padding-right: 0in; padding-top: 0in;" valign="bottom" width="78">
<p style="line-height: 10.8pt; margin: 0in 0in 0pt 9pt; font-family: Courier; font-size: 12pt;" class="MsoNormal"> </p></td>
<td style="padding-bottom: 0in; padding-left: 0in; width: 0.75in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="72">
<p style="line-height: 10.8pt; margin: 0in 0in 0pt 4.5pt; font-family: Courier; font-size: 12pt;" class="MsoNormal"> </p></td>
<td style="padding-bottom: 0in; padding-left: 0in; padding-right: 0in; padding-top: 0in;" width="6">
<p style="line-height: 12pt; margin: 12pt 0in 0pt; font-family: Courier; font-size: 12pt;" class="MsoNormal"> </p></td></tr>
<tr><td style="padding-bottom: 0in; padding-left: 0in; width: 4.25in; padding-right: 0in; padding-top: 0in;" valign="top" width="408">
<p style="line-height: 10.8pt; text-indent: -40.5pt; margin: 0in 0in 0pt 76.5pt; font-family: Courier; font-size: 12pt;" class="MsoNormal"><font style="font-family: 'Bookman Old Style','serif'; font-size: 9pt;" class="_mt"> 3.125% Exchangeable Senior Debentures due 2023</font></p></td>
<td style="padding-bottom: 0in; padding-left: 0in; width: 67.5pt; padding-right: 0in; padding-top: 0in;" valign="bottom" width="90">
<p style="line-height: 10.8pt; margin: 0in 0in 0pt 4.5pt; font-family: Courier; font-size: 12pt;" class="MsoNormal"><font style="font-family: 'Bookman Old Style','serif'; font-size: 9pt;" class="_mt">$ 1,138</font></p></td>
<td style="padding-bottom: 0in; padding-left: 0in; width: 58.5pt; padding-right: 0in; padding-top: 0in;" valign="bottom" width="78">
<p style="line-height: 10.8pt; margin: 0in 0in 0pt 9pt; font-family: Courier; font-size: 12pt;" class="MsoNormal"><font style="font-family: 'Bookman Old Style','serif'; font-size: 9pt;" class="_mt"> 1,283</font></p></td>
<td style="padding-bottom: 0in; padding-left: 0in; width: 0.75in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="72">
<p style="line-height: 10.8pt; margin: 0in 0in 0pt 9pt; font-family: Courier; font-size: 12pt;" class="MsoNormal"><font style="font-family: 'Bookman Old Style','serif'; font-size: 9pt;" class="_mt"> 1,157</font></p></td>
<td style="padding-bottom: 0in; padding-left: 0in; padding-right: 0in; padding-top: 0in;" width="6">
<p style="line-height: 12pt; margin: 12pt 0in 0pt; font-family: Courier; font-size: 12pt;" class="MsoNormal"> </p></td></tr>
<tr><td style="padding-bottom: 0in; padding-left: 0in; width: 4.25in; padding-right: 0in; padding-top: 0in;" valign="top" width="408">
<p style="line-height: 10.8pt; text-indent: -40.5pt; margin: 0in 0in 0pt 76.5pt; font-family: Courier; font-size: 12pt;" class="MsoNormal"><font style="font-family: 'Bookman Old Style','serif'; font-size: 9pt;" class="_mt"> 4% Exchangeable Senior Debentures due 2029</font></p></td>
<td style="padding-bottom: 0in; padding-left: 0in; width: 67.5pt; padding-right: 0in; padding-top: 0in;" valign="bottom" width="90">
<p style="line-height: 10.8pt; margin: 0in 0in 0pt 4.5pt; font-family: Courier; font-size: 12pt;" class="MsoNormal"><font style="font-family: 'Bookman Old Style','serif'; font-size: 9pt;" class="_mt"> --</font></p></td>
<td style="padding-bottom: 0in; padding-left: 0in; width: 58.5pt; padding-right: 0in; padding-top: 0in;" valign="bottom" width="78">
<p style="line-height: 10.8pt; margin: 0in 0in 0pt 9pt; font-family: Courier; font-size: 12pt;" class="MsoNormal"><font style="font-family: 'Bookman Old Style','serif'; font-size: 9pt;" class="_mt"> --</font></p></td>
<td style="padding-bottom: 0in; padding-left: 0in; width: 0.75in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="72">
<p style="line-height: 10.8pt; margin: 0in 0in 0pt 9pt; font-family: Courier; font-size: 12pt;" class="MsoNormal"><font style="font-family: 'Bookman Old Style','serif'; font-size: 9pt;" class="_mt"> 243</font></p></td>
<td style="padding-bottom: 0in; padding-left: 0in; padding-right: 0in; padding-top: 0in;" width="6">
<p style="line-height: 12pt; margin: 12pt 0in 0pt; font-family: Courier; font-size: 12pt;" class="MsoNormal"> </p></td></tr>
<tr><td style="padding-bottom: 0in; padding-left: 0in; width: 4.25in; padding-right: 0in; padding-top: 0in;" valign="top" width="408">
<p style="line-height: 10.8pt; text-indent: -40.5pt; margin: 0in 0in 0pt 76.5pt; font-family: Courier; font-size: 12pt;" class="MsoNormal"><font style="font-family: 'Bookman Old Style','serif'; font-size: 9pt;" class="_mt"> 3.75% Exchangeable Senior Debentures due 2030</font></p></td>
<td style="padding-bottom: 0in; padding-left: 0in; width: 67.5pt; padding-right: 0in; padding-top: 0in;" valign="bottom" width="90">
<p style="line-height: 10.8pt; margin: 0in 0in 0pt 4.5pt; font-family: Courier; font-size: 12pt;" class="MsoNormal"><font style="font-family: 'Bookman Old Style','serif'; font-size: 9pt;" class="_mt"> --</font></p></td>
<td style="padding-bottom: 0in; padding-left: 0in; width: 58.5pt; padding-right: 0in; padding-top: 0in;" valign="bottom" width="78">
<p style="line-height: 10.8pt; margin: 0in 0in 0pt 9pt; font-family: Courier; font-size: 12pt;" class="MsoNormal"><font style="font-family: 'Bookman Old Style','serif'; font-size: 9pt;" class="_mt"> --</font></p></td>
<td style="padding-bottom: 0in; padding-left: 0in; width: 0.75in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="72">
<p style="line-height: 10.8pt; margin: 0in 0in 0pt 9pt; font-family: Courier; font-size: 12pt;" class="MsoNormal"><font style="font-family: 'Bookman Old Style','serif'; font-size: 9pt;" class="_mt"> 237</font></p></td>
<td style="padding-bottom: 0in; padding-left: 0in; padding-right: 0in; padding-top: 0in;" width="6">
<p style="line-height: 12pt; margin: 12pt 0in 0pt; font-family: Courier; font-size: 12pt;" class="MsoNormal"> </p></td></tr>
<tr><td style="padding-bottom: 0in; padding-left: 0in; width: 4.25in; padding-right: 0in; padding-top: 0in;" valign="top" width="408">
<p style="line-height: 10.8pt; text-indent: -40.5pt; margin: 0in 0in 0pt 76.5pt; font-family: Courier; font-size: 12pt;" class="MsoNormal"><font style="font-family: 'Bookman Old Style','serif'; font-size: 9pt;" class="_mt"> 3.5% Exchangeable Senior Debentures due 2031</font></p></td>
<td style="padding-bottom: 0in; padding-left: 0in; width: 67.5pt; padding-right: 0in; padding-top: 0in;" valign="bottom" width="90">
<p style="line-height: 10.8pt; margin: 0in 0in 0pt 4.5pt; font-family: Courier; font-size: 12pt;" class="MsoNormal"><font style="font-family: 'Bookman Old Style','serif'; font-size: 9pt;" class="_mt"> --</font></p></td>
<td style="padding-bottom: 0in; padding-left: 0in; width: 58.5pt; padding-right: 0in; padding-top: 0in;" valign="bottom" width="78">
<p style="line-height: 10.8pt; margin: 0in 0in 0pt 9pt; font-family: Courier; font-size: 12pt;" class="MsoNormal"><font style="font-family: 'Bookman Old Style','serif'; font-size: 9pt;" class="_mt"> --</font></p></td>
<td style="padding-bottom: 0in; padding-left: 0in; width: 0.75in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="72">
<p style="line-height: 10.8pt; margin: 0in 0in 0pt 9pt; font-family: Courier; font-size: 12pt;" class="MsoNormal"><font style="font-family: 'Bookman Old Style','serif'; font-size: 9pt;" class="_mt"> 297</font></p></td>
<td style="padding-bottom: 0in; padding-left: 0in; padding-right: 0in; padding-top: 0in;" width="6">
<p style="line-height: 12pt; margin: 12pt 0in 0pt; font-family: Courier; font-size: 12pt;" class="MsoNormal"> </p></td></tr>
<tr><td style="padding-bottom: 0in; padding-left: 0in; width: 4.25in; padding-right: 0in; padding-top: 0in;" valign="top" width="408">
<p style="line-height: 10.8pt; margin: 0in 0in 0pt 0.5in; font-family: Courier; font-size: 12pt;" class="MsoNormal"><font style="font-family: 'Bookman Old Style','serif'; font-size: 9pt;" class="_mt"> Liberty bank facility</font></p></td>
<td style="padding-bottom: 0in; padding-left: 0in; width: 67.5pt; padding-right: 0in; padding-top: 0in;" valign="bottom" width="90">
<p style="line-height: 10.8pt; margin: 0in 0in 0pt 4.5pt; font-family: Courier; font-size: 12pt;" class="MsoNormal"><font style="font-family: 'Bookman Old Style','serif'; font-size: 9pt;" class="_mt"> 750</font></p></td>
<td style="padding-bottom: 0in; padding-left: 0in; width: 58.5pt; padding-right: 0in; padding-top: 0in;" valign="bottom" width="78">
<p style="line-height: 10.8pt; margin: 0in 0in 0pt 9pt; font-family: Courier; font-size: 12pt;" class="MsoNormal"><font style="font-family: 'Bookman Old Style','serif'; font-size: 9pt;" class="_mt"> 750</font></p></td>
<td style="padding-bottom: 0in; padding-left: 0in; width: 0.75in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="72">
<p style="line-height: 10.8pt; margin: 0in 0in 0pt 9pt; font-family: Courier; font-size: 12pt;" class="MsoNormal"><font style="font-family: 'Bookman Old Style','serif'; font-size: 9pt;" class="_mt"> 750</font></p></td>
<td style="padding-bottom: 0in; padding-left: 0in; padding-right: 0in; padding-top: 0in;" width="6">
<p style="line-height: 12pt; margin: 12pt 0in 0pt; font-family: Courier; font-size: 12pt;" class="MsoNormal"> </p></td></tr>
<tr><td style="padding-bottom: 0in; padding-left: 0in; width: 4.25in; padding-right: 0in; padding-top: 0in;" valign="top" width="408">
<p style="line-height: 10.8pt; margin: 0in 0in 0pt 0.5in; font-family: Courier; font-size: 12pt;" class="MsoNormal"><font style="font-family: 'Bookman Old Style','serif'; font-size: 9pt;" class="_mt"> Liberty derivative loan</font></p></td>
<td style="padding-bottom: 0in; padding-left: 0in; width: 67.5pt; padding-right: 0in; padding-top: 0in;" valign="bottom" width="90">
<p style="line-height: 10.8pt; margin: 0in 0in 0pt 4.5pt; font-family: Courier; font-size: 12pt;" class="MsoNormal"><font style="font-family: 'Bookman Old Style','serif'; font-size: 9pt;" class="_mt"> --</font></p></td>
<td style="padding-bottom: 0in; padding-left: 0in; width: 58.5pt; padding-right: 0in; padding-top: 0in;" valign="bottom" width="78">
<p style="line-height: 10.8pt; margin: 0in 0in 0pt 9pt; font-family: Courier; font-size: 12pt;" class="MsoNormal"><font style="font-family: 'Bookman Old Style','serif'; font-size: 9pt;" class="_mt"> --</font></p></td>
<td style="padding-bottom: 0in; padding-left: 0in; width: 0.75in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="72">
<p style="line-height: 10.8pt; margin: 0in 0in 0pt 9pt; font-family: Courier; font-size: 12pt;" class="MsoNormal"><font style="font-family: 'Bookman Old Style','serif'; font-size: 9pt;" class="_mt"> 838</font></p></td>
<td style="padding-bottom: 0in; padding-left: 0in; padding-right: 0in; padding-top: 0in;" width="6">
<p style="line-height: 12pt; margin: 12pt 0in 0pt; font-family: Courier; font-size: 12pt;" class="MsoNormal"> </p></td></tr>
<tr><td style="padding-bottom: 0in; padding-left: 0in; width: 4.25in; padding-right: 0in; padding-top: 0in;" valign="top" width="408">
<p style="line-height: 10.8pt; margin: 0in 0in 0pt 0.5in; font-family: Courier; font-size: 12pt;" class="MsoNormal"><font style="font-family: 'Bookman Old Style','serif'; font-size: 9pt;" class="_mt"> Subsidiary debt</font></p></td>
<td style="padding-bottom: 0in; padding-left: 0in; width: 67.5pt; padding-right: 0in; padding-top: 0in;" valign="bottom" width="90">
<p style="border-bottom: black 1px solid; line-height: 10.8pt; margin: 0in 0in 0pt 4.5pt; font-family: Courier; font-size: 12pt;" class="MsoNormal"><font style="font-family: 'Bookman Old Style','serif'; font-size: 9pt;" class="_mt"> --</font></p></td>
<td style="padding-bottom: 0in; padding-left: 0in; width: 58.5pt; padding-right: 0in; padding-top: 0in;" valign="bottom" width="78">
<p style="border-bottom: black 1px solid; line-height: 10.8pt; margin: 0in 0in 0pt 9pt; font-family: Courier; font-size: 12pt;" class="MsoNormal"><font style="font-family: 'Bookman Old Style','serif'; font-size: 9pt;" class="_mt"> --</font></p></td>
<td style="padding-bottom: 0in; padding-left: 0in; width: 0.75in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="72">
<p style="border-bottom: black 1px solid; line-height: 10.8pt; margin: 0in 0in 0pt 9pt; font-family: Courier; font-size: 12pt;" class="MsoNormal"><font style="font-family: 'Bookman Old Style','serif'; font-size: 9pt;" class="_mt"> 131</font></p></td>
<td style="padding-bottom: 0in; padding-left: 0in; padding-right: 0in; padding-top: 0in;" width="6">
<p style="line-height: 12pt; margin: 12pt 0in 0pt; font-family: Courier; font-size: 12pt;" class="MsoNormal"> </p></td></tr>
<tr><td style="padding-bottom: 0in; padding-left: 0in; width: 4.25in; padding-right: 0in; padding-top: 0in;" valign="top" width="408">
<p style="line-height: 10.8pt; margin: 0in 0in 0pt 0.5in; font-family: Courier; font-size: 12pt;" class="MsoNormal"><font style="font-family: 'Bookman Old Style','serif'; font-size: 9pt;" class="_mt"> Total attributed Capital Group debt</font></p></td>
<td style="padding-bottom: 0in; padding-left: 0in; width: 67.5pt; padding-right: 0in; padding-top: 0in;" valign="bottom" width="90">
<p style="border-bottom: black 1px solid; line-height: 10.8pt; margin: 0in 0in 0pt 4.5pt; font-family: Courier; font-size: 12pt;" class="MsoNormal"><font style="font-family: 'Bookman Old Style','serif'; font-size: 9pt;" class="_mt"> 1,888</font></p></td>
<td style="padding-bottom: 0in; padding-left: 0in; width: 58.5pt; padding-right: 0in; padding-top: 0in;" valign="bottom" width="78">
<p style="border-bottom: black 1px solid; line-height: 10.8pt; margin: 0in 0in 0pt 9pt; font-family: Courier; font-size: 12pt;" class="MsoNormal"><font style="font-family: 'Bookman Old Style','serif'; font-size: 9pt;" class="_mt"> 2,033</font></p></td>
<td style="padding-bottom: 0in; padding-left: 0in; width: 0.75in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="72">
<p style="border-bottom: black 1px solid; line-height: 10.8pt; margin: 0in 0in 0pt 9pt; font-family: Courier; font-size: 12pt;" class="MsoNormal"><font style="font-family: 'Bookman Old Style','serif'; font-size: 9pt;" class="_mt"> 3,653</font></p></td>
<td style="padding-bottom: 0in; padding-left: 0in; padding-right: 0in; padding-top: 0in;" width="6">
<p style="line-height: 12pt; margin: 12pt 0in 0pt; font-family: Courier; font-size: 12pt;" class="MsoNormal"> </p></td></tr>
<tr><td style="padding-bottom: 0in; padding-left: 0in; width: 4.25in; padding-right: 0in; padding-top: 0in;" valign="top" width="408">
<p style="line-height: 10.8pt; margin: 0in 0in 0pt 0.5in; font-family: Courier; font-size: 12pt;" class="MsoNormal"> </p></td>
<td style="padding-bottom: 0in; padding-left: 0in; width: 67.5pt; padding-right: 0in; padding-top: 0in;" valign="top" width="90">
<p style="line-height: 10.8pt; margin: 0in 0in 0pt 4.5pt; font-family: Courier; font-size: 12pt;" class="MsoNormal"> </p></td>
<td style="padding-bottom: 0in; padding-left: 0in; width: 58.5pt; padding-right: 0in; padding-top: 0in;" valign="top" width="78">
<p style="line-height: 10.8pt; margin: 0in 0in 0pt 9pt; font-family: Courier; font-size: 12pt;" class="MsoNormal"> </p></td>
<td style="padding-bottom: 0in; padding-left: 0in; width: 0.75in; padding-right: 0in; padding-top: 0in;" valign="top" width="72">
<p style="line-height: 10.8pt; margin: 0in 0in 0pt 9pt; font-family: Courier; font-size: 12pt;" class="MsoNormal"> </p></td>
<td style="padding-bottom: 0in; padding-left: 0in; padding-right: 0in; padding-top: 0in;" width="6">
<p style="line-height: 12pt; margin: 12pt 0in 0pt; font-family: Courier; font-size: 12pt;" class="MsoNormal"> </p></td></tr>
<tr><td style="padding-bottom: 0in; padding-left: 0in; width: 4.25in; padding-right: 0in; padding-top: 0in;" valign="top" width="408">
<p style="line-height: 10.8pt; margin: 0in 0in 0pt 0.5in; font-family: Courier; font-size: 12pt;" class="MsoNormal"><font style="font-family: 'Bookman Old Style','serif'; font-size: 9pt;" class="_mt">Interactive Group</font></p></td>
<td style="padding-bottom: 0in; padding-left: 0in; width: 67.5pt; padding-right: 0in; padding-top: 0in;" valign="top" width="90">
<p style="line-height: 10.8pt; margin: 0in 0in 0pt 4.5pt; font-family: Courier; font-size: 12pt;" class="MsoNormal"> </p></td>
<td style="padding-bottom: 0in; padding-left: 0in; width: 58.5pt; padding-right: 0in; padding-top: 0in;" valign="top" width="78">
<p style="line-height: 10.8pt; margin: 0in 0in 0pt 9pt; font-family: Courier; font-size: 12pt;" class="MsoNormal"> </p></td>
<td style="padding-bottom: 0in; padding-left: 0in; width: 0.75in; padding-right: 0in; padding-top: 0in;" valign="top" width="72">
<p style="line-height: 10.8pt; margin: 0in 0in 0pt 9pt; font-family: Courier; font-size: 12pt;" class="MsoNormal"> </p></td>
<td style="padding-bottom: 0in; padding-left: 0in; padding-right: 0in; padding-top: 0in;" width="6">
<p style="line-height: 12pt; margin: 12pt 0in 0pt; font-family: Courier; font-size: 12pt;" class="MsoNormal"> </p></td></tr>
<tr><td style="padding-bottom: 0in; padding-left: 0in; width: 4.25in; padding-right: 0in; padding-top: 0in;" valign="top" width="408">
<p style="line-height: 10.8pt; margin: 0in 0in 0pt 0.5in; font-family: Courier; font-size: 12pt;" class="MsoNormal"><font style="font-family: 'Bookman Old Style','serif'; font-size: 9pt;" class="_mt"> Senior notes and debentures</font></p></td>
<td style="padding-bottom: 0in; padding-left: 0in; width: 67.5pt; padding-right: 0in; padding-top: 0in;" valign="top" width="90">
<p style="line-height: 10.8pt; margin: 0in 0in 0pt 4.5pt; font-family: Courier; font-size: 12pt;" class="MsoNormal"> </p></td>
<td style="padding-bottom: 0in; padding-left: 0in; width: 58.5pt; padding-right: 0in; padding-top: 0in;" valign="top" width="78">
<p style="line-height: 10.8pt; margin: 0in 0in 0pt 9pt; font-family: Courier; font-size: 12pt;" class="MsoNormal"> </p></td>
<td style="padding-bottom: 0in; padding-left: 0in; width: 0.75in; padding-right: 0in; padding-top: 0in;" valign="top" width="72">
<p style="line-height: 10.8pt; margin: 0in 0in 0pt 9pt; font-family: Courier; font-size: 12pt;" class="MsoNormal"> </p></td>
<td style="padding-bottom: 0in; padding-left: 0in; padding-right: 0in; padding-top: 0in;" width="6">
<p style="line-height: 12pt; margin: 12pt 0in 0pt; font-family: Courier; font-size: 12pt;" class="MsoNormal"> </p></td></tr>
<tr><td style="padding-bottom: 0in; padding-left: 0in; width: 4.25in; padding-right: 0in; padding-top: 0in;" valign="top" width="408">
<p style="line-height: 10.8pt; margin: 0in 0in 0pt 0.5in; font-family: Courier; font-size: 12pt;" class="MsoNormal"><font style="font-family: 'Bookman Old Style','serif'; font-size: 9pt;" class="_mt"> 5.7% Senior Notes due 2013</font></p></td>
<td style="padding-bottom: 0in; padding-left: 0in; width: 67.5pt; padding-right: 0in; padding-top: 0in;" valign="bottom" width="90">
<p style="line-height: 10.8pt; margin: 0in 0in 0pt 4.5pt; font-family: Courier; font-size: 12pt;" class="MsoNormal"><font style="font-family: 'Bookman Old Style','serif'; font-size: 9pt;" class="_mt"> 324</font></p></td>
<td style="padding-bottom: 0in; padding-left: 0in; width: 58.5pt; padding-right: 0in; padding-top: 0in;" valign="bottom" width="78">
<p style="line-height: 10.8pt; margin: 0in 0in 0pt 9pt; font-family: Courier; font-size: 12pt;" class="MsoNormal"><font style="font-family: 'Bookman Old Style','serif'; font-size: 9pt;" class="_mt"> 323</font></p></td>
<td style="padding-bottom: 0in; padding-left: 0in; width: 0.75in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="72">
<p style="line-height: 10.8pt; margin: 0in 0in 0pt 9pt; font-family: Courier; font-size: 12pt;" class="MsoNormal"><font style="font-family: 'Bookman Old Style','serif'; font-size: 9pt;" class="_mt"> 801</font></p></td>
<td style="padding-bottom: 0in; padding-left: 0in; padding-right: 0in; padding-top: 0in;" width="6">
<p style="line-height: 12pt; margin: 12pt 0in 0pt; font-family: Courier; font-size: 12pt;" class="MsoNormal"> </p></td></tr>
<tr><td style="padding-bottom: 0in; padding-left: 0in; width: 4.25in; padding-right: 0in; padding-top: 0in;" valign="top" width="408">
<p style="line-height: 10.8pt; margin: 0in 0in 0pt 0.5in; font-family: Courier; font-size: 12pt;" class="MsoNormal"><font style="font-family: 'Bookman Old Style','serif'; font-size: 9pt;" class="_mt"> 8.5% Senior Debentures due 2029</font></p></td>
<td style="padding-bottom: 0in; padding-left: 0in; width: 67.5pt; padding-right: 0in; padding-top: 0in;" valign="bottom" width="90">
<p style="line-height: 10.8pt; margin: 0in 0in 0pt 4.5pt; font-family: Courier; font-size: 12pt;" class="MsoNormal"><font style="font-family: 'Bookman Old Style','serif'; font-size: 9pt;" class="_mt"> 287</font></p></td>
<td style="padding-bottom: 0in; padding-left: 0in; width: 58.5pt; padding-right: 0in; padding-top: 0in;" valign="bottom" width="78">
<p style="line-height: 10.8pt; margin: 0in 0in 0pt 9pt; font-family: Courier; font-size: 12pt;" class="MsoNormal"><font style="font-family: 'Bookman Old Style','serif'; font-size: 9pt;" class="_mt"> 284</font></p></td>
<td style="padding-bottom: 0in; padding-left: 0in; width: 0.75in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="72">
<p style="line-height: 10.8pt; margin: 0in 0in 0pt 9pt; font-family: Courier; font-size: 12pt;" class="MsoNormal"><font style="font-family: 'Bookman Old Style','serif'; font-size: 9pt;" class="_mt"> 284</font></p></td>
<td style="padding-bottom: 0in; padding-left: 0in; padding-right: 0in; padding-top: 0in;" width="6">
<p style="line-height: 12pt; margin: 12pt 0in 0pt; font-family: Courier; font-size: 12pt;" class="MsoNormal"> </p></td></tr>
<tr><td style="padding-bottom: 0in; padding-left: 0in; width: 4.25in; padding-right: 0in; padding-top: 0in;" valign="top" width="408">
<p style="line-height: 10.8pt; margin: 0in 0in 0pt 0.5in; font-family: Courier; font-size: 12pt;" class="MsoNormal"><font style="font-family: 'Bookman Old Style','serif'; font-size: 9pt;" class="_mt"> 8.25% Senior Debentures due 2030</font></p></td>
<td style="padding-bottom: 0in; padding-left: 0in; width: 67.5pt; padding-right: 0in; padding-top: 0in;" valign="bottom" width="90">
<p style="line-height: 10.8pt; margin: 0in 0in 0pt 4.5pt; font-family: Courier; font-size: 12pt;" class="MsoNormal"><font style="font-family: 'Bookman Old Style','serif'; font-size: 9pt;" class="_mt"> 504</font></p></td>
<td style="padding-bottom: 0in; padding-left: 0in; width: 58.5pt; padding-right: 0in; padding-top: 0in;" valign="bottom" width="78">
<p style="line-height: 10.8pt; margin: 0in 0in 0pt 9pt; font-family: Courier; font-size: 12pt;" class="MsoNormal"><font style="font-family: 'Bookman Old Style','serif'; font-size: 9pt;" class="_mt"> 501</font></p></td>
<td style="padding-bottom: 0in; padding-left: 0in; width: 0.75in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="72">
<p style="line-height: 10.8pt; margin: 0in 0in 0pt 9pt; font-family: Courier; font-size: 12pt;" class="MsoNormal"><font style="font-family: 'Bookman Old Style','serif'; font-size: 9pt;" class="_mt"> 501</font></p></td>
<td style="padding-bottom: 0in; padding-left: 0in; padding-right: 0in; padding-top: 0in;" width="6">
<p style="line-height: 12pt; margin: 12pt 0in 0pt; font-family: Courier; font-size: 12pt;" class="MsoNormal"> </p></td></tr>
<tr><td style="padding-bottom: 0in; padding-left: 0in; width: 4.25in; padding-right: 0in; padding-top: 0in;" valign="top" width="408">
<p style="line-height: 10.8pt; margin: 0in 0in 0pt 0.5in; font-family: Courier; font-size: 12pt;" class="MsoNormal"><font style="font-family: 'Bookman Old Style','serif'; font-size: 9pt;" class="_mt"> 4% Exchangeable Senior Debentures due 2029</font></p></td>
<td style="padding-bottom: 0in; padding-left: 0in; width: 67.5pt; padding-right: 0in; padding-top: 0in;" valign="bottom" width="90">
<p style="line-height: 10.8pt; margin: 0in 0in 0pt 4.5pt; font-family: Courier; font-size: 12pt;" class="MsoNormal"><font style="font-family: 'Bookman Old Style','serif'; font-size: 9pt;" class="_mt"> 469</font></p></td>
<td style="padding-bottom: 0in; padding-left: 0in; width: 58.5pt; padding-right: 0in; padding-top: 0in;" valign="bottom" width="78">
<p style="line-height: 10.8pt; margin: 0in 0in 0pt 9pt; font-family: Courier; font-size: 12pt;" class="MsoNormal"><font style="font-family: 'Bookman Old Style','serif'; font-size: 9pt;" class="_mt"> 265</font></p></td>
<td style="padding-bottom: 0in; padding-left: 0in; width: 0.75in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="72">
<p style="line-height: 10.8pt; margin: 0in 0in 0pt 9pt; font-family: Courier; font-size: 12pt;" class="MsoNormal"><font style="font-family: 'Bookman Old Style','serif'; font-size: 9pt;" class="_mt"> --</font></p></td>
<td style="padding-bottom: 0in; padding-left: 0in; padding-right: 0in; padding-top: 0in;" width="6">
<p style="line-height: 12pt; margin: 12pt 0in 0pt; font-family: Courier; font-size: 12pt;" class="MsoNormal"> </p></td></tr>
<tr><td style="padding-bottom: 0in; padding-left: 0in; width: 4.25in; padding-right: 0in; padding-top: 0in;" valign="top" width="408">
<p style="line-height: 10.8pt; text-indent: -40.5pt; margin: 0in 0in 0pt 76.5pt; font-family: Courier; font-size: 12pt;" class="MsoNormal"><font style="font-family: 'Bookman Old Style','serif'; font-size: 9pt;" class="_mt"> 3.75% Exchangeable Senior Debentures due 2030</font></p></td>
<td style="padding-bottom: 0in; padding-left: 0in; width: 67.5pt; padding-right: 0in; padding-top: 0in;" valign="bottom" width="90">
<p style="line-height: 10.8pt; margin: 0in 0in 0pt 4.5pt; font-family: Courier; font-size: 12pt;" class="MsoNormal"><font style="font-family: 'Bookman Old Style','serif'; font-size: 9pt;" class="_mt"> 460</font></p></td>
<td style="padding-bottom: 0in; padding-left: 0in; width: 58.5pt; padding-right: 0in; padding-top: 0in;" valign="bottom" width="78">
<p style="line-height: 10.8pt; margin: 0in 0in 0pt 9pt; font-family: Courier; font-size: 12pt;" class="MsoNormal"><font style="font-family: 'Bookman Old Style','serif'; font-size: 9pt;" class="_mt"> 253</font></p></td>
<td style="padding-bottom: 0in; padding-left: 0in; width: 0.75in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="72">
<p style="line-height: 10.8pt; margin: 0in 0in 0pt 9pt; font-family: Courier; font-size: 12pt;" class="MsoNormal"><font style="font-family: 'Bookman Old Style','serif'; font-size: 9pt;" class="_mt"> --</font></p></td>
<td style="padding-bottom: 0in; padding-left: 0in; padding-right: 0in; padding-top: 0in;" width="6">
<p style="line-height: 12pt; margin: 12pt 0in 0pt; font-family: Courier; font-size: 12pt;" class="MsoNormal"> </p></td></tr>
<tr><td style="padding-bottom: 0in; padding-left: 0in; width: 4.25in; padding-right: 0in; padding-top: 0in;" valign="top" width="408">
<p style="line-height: 10.8pt; text-indent: -40.5pt; margin: 0in 0in 0pt 76.5pt; font-family: Courier; font-size: 12pt;" class="MsoNormal"><font style="font-family: 'Bookman Old Style','serif'; font-size: 9pt;" class="_mt"> 3.25% Exchangeable Senior Debentures due 2031</font></p></td>
<td style="padding-bottom: 0in; padding-left: 0in; width: 67.5pt; padding-right: 0in; padding-top: 0in;" valign="bottom" width="90">
<p style="line-height: 10.8pt; margin: 0in 0in 0pt 4.5pt; font-family: Courier; font-size: 12pt;" class="MsoNormal"><font style="font-family: 'Bookman Old Style','serif'; font-size: 9pt;" class="_mt"> 541</font></p></td>
<td style="padding-bottom: 0in; padding-left: 0in; width: 58.5pt; padding-right: 0in; padding-top: 0in;" valign="bottom" width="78">
<p style="line-height: 10.8pt; margin: 0in 0in 0pt 9pt; font-family: Courier; font-size: 12pt;" class="MsoNormal"><font style="font-family: 'Bookman Old Style','serif'; font-size: 9pt;" class="_mt"> 376</font></p></td>
<td style="padding-bottom: 0in; padding-left: 0in; width: 0.75in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="72">
<p style="line-height: 10.8pt; margin: 0in 0in 0pt 9pt; font-family: Courier; font-size: 12pt;" class="MsoNormal"><font style="font-family: 'Bookman Old Style','serif'; font-size: 9pt;" class="_mt"> 320</font></p></td>
<td style="padding-bottom: 0in; padding-left: 0in; padding-right: 0in; padding-top: 0in;" width="6">
<p style="line-height: 12pt; margin: 12pt 0in 0pt; font-family: Courier; font-size: 12pt;" class="MsoNormal"> </p></td></tr>
<tr><td style="padding-bottom: 0in; padding-left: 0in; width: 4.25in; padding-right: 0in; padding-top: 0in;" valign="top" width="408">
<p style="line-height: 10.8pt; text-indent: -40.5pt; margin: 0in 0in 0pt 76.5pt; font-family: Courier; font-size: 12pt;" class="MsoNormal"><font style="font-family: 'Bookman Old Style','serif'; font-size: 9pt;" class="_mt"> 3.5% Exchangeable Senior Debentures due 2031</font></p></td>
<td style="padding-bottom: 0in; padding-left: 0in; width: 67.5pt; padding-right: 0in; padding-top: 0in;" valign="bottom" width="90">
<p style="line-height: 10.8pt; margin: 0in 0in 0pt 4.5pt; font-family: Courier; font-size: 12pt;" class="MsoNormal"><font style="font-family: 'Bookman Old Style','serif'; font-size: 9pt;" class="_mt"> 490</font></p></td>
<td style="padding-bottom: 0in; padding-left: 0in; width: 58.5pt; padding-right: 0in; padding-top: 0in;" valign="bottom" width="78">
<p style="line-height: 10.8pt; margin: 0in 0in 0pt 9pt; font-family: Courier; font-size: 12pt;" class="MsoNormal"><font style="font-family: 'Bookman Old Style','serif'; font-size: 9pt;" class="_mt"> 329</font></p></td>
<td style="padding-bottom: 0in; padding-left: 0in; width: 0.75in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="72">
<p style="line-height: 10.8pt; margin: 0in 0in 0pt 9pt; font-family: Courier; font-size: 12pt;" class="MsoNormal"><font style="font-family: 'Bookman Old Style','serif'; font-size: 9pt;" class="_mt"> --</font></p></td>
<td style="padding-bottom: 0in; padding-left: 0in; padding-right: 0in; padding-top: 0in;" width="6">
<p style="line-height: 12pt; margin: 12pt 0in 0pt; font-family: Courier; font-size: 12pt;" class="MsoNormal"> </p></td></tr>
<tr><td style="padding-bottom: 0in; padding-left: 0in; width: 4.25in; padding-right: 0in; padding-top: 0in;" valign="top" width="408">
<p style="line-height: 10.8pt; margin: 0in 0in 0pt 0.5in; font-family: Courier; font-size: 12pt;" class="MsoNormal"><font style="font-family: 'Bookman Old Style','serif'; font-size: 9pt;" class="_mt"> QVC 7.125% Senior Secured Notes due 2017</font></p></td>
<td style="padding-bottom: 0in; padding-left: 0in; width: 67.5pt; padding-right: 0in; padding-top: 0in;" valign="bottom" width="90">
<p style="line-height: 10.8pt; margin: 0in 0in 0pt 4.5pt; font-family: Courier; font-size: 12pt;" class="MsoNormal"><font style="font-family: 'Bookman Old Style','serif'; font-size: 9pt;" class="_mt"> 500</font></p></td>
<td style="padding-bottom: 0in; padding-left: 0in; width: 58.5pt; padding-right: 0in; padding-top: 0in;" valign="bottom" width="78">
<p style="line-height: 10.8pt; margin: 0in 0in 0pt 9pt; font-family: Courier; font-size: 12pt;" class="MsoNormal"><font style="font-family: 'Bookman Old Style','serif'; font-size: 9pt;" class="_mt"> 500</font></p></td>
<td style="padding-bottom: 0in; padding-left: 0in; width: 0.75in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="72">
<p style="line-height: 10.8pt; margin: 0in 0in 0pt 9pt; font-family: Courier; font-size: 12pt;" class="MsoNormal"><font style="font-family: 'Bookman Old Style','serif'; font-size: 9pt;" class="_mt"> --</font></p></td>
<td style="padding-bottom: 0in; padding-left: 0in; padding-right: 0in; padding-top: 0in;" width="6">
<p style="line-height: 12pt; margin: 12pt 0in 0pt; font-family: Courier; font-size: 12pt;" class="MsoNormal"> </p></td></tr>
<tr><td style="padding-bottom: 0in; padding-left: 0in; width: 4.25in; padding-right: 0in; padding-top: 0in;" valign="top" width="408">
<p style="line-height: 10.8pt; margin: 0in 0in 0pt 0.5in; font-family: Courier; font-size: 12pt;" class="MsoNormal"><font style="font-family: 'Bookman Old Style','serif'; font-size: 9pt;" class="_mt"> QVC 7.5% Senior Secured Notes due 2019</font></p></td>
<td style="padding-bottom: 0in; padding-left: 0in; width: 67.5pt; padding-right: 0in; padding-top: 0in;" valign="bottom" width="90">
<p style="line-height: 10.8pt; margin: 0in 0in 0pt 4.5pt; font-family: Courier; font-size: 12pt;" class="MsoNormal"><font style="font-family: 'Bookman Old Style','serif'; font-size: 9pt;" class="_mt"> 1,000</font></p></td>
<td style="padding-bottom: 0in; padding-left: 0in; width: 58.5pt; padding-right: 0in; padding-top: 0in;" valign="bottom" width="78">
<p style="line-height: 10.8pt; margin: 0in 0in 0pt 9pt; font-family: Courier; font-size: 12pt;" class="MsoNormal"><font style="font-family: 'Bookman Old Style','serif'; font-size: 9pt;" class="_mt"> 985</font></p></td>
<td style="padding-bottom: 0in; padding-left: 0in; width: 0.75in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="72">
<p style="line-height: 10.8pt; margin: 0in 0in 0pt 9pt; font-family: Courier; font-size: 12pt;" class="MsoNormal"><font style="font-family: 'Bookman Old Style','serif'; font-size: 9pt;" class="_mt"> 983</font></p></td>
<td style="padding-bottom: 0in; padding-left: 0in; padding-right: 0in; padding-top: 0in;" width="6">
<p style="line-height: 12pt; margin: 12pt 0in 0pt; font-family: Courier; font-size: 12pt;" class="MsoNormal"> </p></td></tr>
<tr><td style="padding-bottom: 0in; padding-left: 0in; width: 4.25in; padding-right: 0in; padding-top: 0in;" valign="top" width="408">
<p style="line-height: 10.8pt; margin: 0in 0in 0pt 0.5in; font-family: Courier; font-size: 12pt;" class="MsoNormal"><font style="font-family: 'Bookman Old Style','serif'; font-size: 9pt;" class="_mt"> QVC 7.375% Senior Secured Notes due 2020</font></p></td>
<td style="padding-bottom: 0in; padding-left: 0in; width: 67.5pt; padding-right: 0in; padding-top: 0in;" valign="bottom" width="90">
<p style="line-height: 10.8pt; margin: 0in 0in 0pt 4.5pt; font-family: Courier; font-size: 12pt;" class="MsoNormal"><font style="font-family: 'Bookman Old Style','serif'; font-size: 9pt;" class="_mt"> 500</font></p></td>
<td style="padding-bottom: 0in; padding-left: 0in; width: 58.5pt; padding-right: 0in; padding-top: 0in;" valign="bottom" width="78">
<p style="line-height: 10.8pt; margin: 0in 0in 0pt 9pt; font-family: Courier; font-size: 12pt;" class="MsoNormal"><font style="font-family: 'Bookman Old Style','serif'; font-size: 9pt;" class="_mt"> 500</font></p></td>
<td style="padding-bottom: 0in; padding-left: 0in; width: 0.75in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="72">
<p style="line-height: 10.8pt; margin: 0in 0in 0pt 9pt; font-family: Courier; font-size: 12pt;" class="MsoNormal"><font style="font-family: 'Bookman Old Style','serif'; font-size: 9pt;" class="_mt"> --</font></p></td>
<td style="padding-bottom: 0in; padding-left: 0in; padding-right: 0in; padding-top: 0in;" width="6">
<p style="line-height: 12pt; margin: 12pt 0in 0pt; font-family: Courier; font-size: 12pt;" class="MsoNormal"> </p></td></tr>
<tr><td style="padding-bottom: 0in; padding-left: 0in; width: 4.25in; padding-right: 0in; padding-top: 0in;" valign="top" width="408">
<p style="line-height: 10.8pt; margin: 0in 0in 0pt 0.5in; font-family: Courier; font-size: 12pt;" class="MsoNormal"><font style="font-family: 'Bookman Old Style','serif'; font-size: 9pt;" class="_mt"> QVC bank credit facilities</font></p></td>
<td style="padding-bottom: 0in; padding-left: 0in; width: 67.5pt; padding-right: 0in; padding-top: 0in;" valign="bottom" width="90">
<p style="line-height: 10.8pt; margin: 0in 0in 0pt 4.5pt; font-family: Courier; font-size: 12pt;" class="MsoNormal"><font style="font-family: 'Bookman Old Style','serif'; font-size: 9pt;" class="_mt"> 785</font></p></td>
<td style="padding-bottom: 0in; padding-left: 0in; width: 58.5pt; padding-right: 0in; padding-top: 0in;" valign="bottom" width="78">
<p style="line-height: 10.8pt; margin: 0in 0in 0pt 9pt; font-family: Courier; font-size: 12pt;" class="MsoNormal"><font style="font-family: 'Bookman Old Style','serif'; font-size: 9pt;" class="_mt"> 785</font></p></td>
<td style="padding-bottom: 0in; padding-left: 0in; width: 0.75in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="72">
<p style="line-height: 10.8pt; margin: 0in 0in 0pt 9pt; font-family: Courier; font-size: 12pt;" class="MsoNormal"><font style="font-family: 'Bookman Old Style','serif'; font-size: 9pt;" class="_mt"> 2,996</font></p></td>
<td style="padding-bottom: 0in; padding-left: 0in; padding-right: 0in; padding-top: 0in;" width="6">
<p style="line-height: 12pt; margin: 12pt 0in 0pt; font-family: Courier; font-size: 12pt;" class="MsoNormal"> </p></td></tr>
<tr><td style="padding-bottom: 0in; padding-left: 0in; width: 4.25in; padding-right: 0in; padding-top: 0in;" valign="top" width="408">
<p style="line-height: 10.8pt; margin: 0in 0in 0pt 0.5in; font-family: Courier; font-size: 12pt;" class="MsoNormal"><font style="font-family: 'Bookman Old Style','serif'; font-size: 9pt;" class="_mt"> Other debt</font></p></td>
<td style="padding-bottom: 0in; padding-left: 0in; width: 67.5pt; padding-right: 0in; padding-top: 0in;" valign="bottom" width="90">
<p style="border-bottom: black 1px solid; line-height: 10.8pt; margin: 0in 0in 0pt 4.5pt; font-family: Courier; font-size: 12pt;" class="MsoNormal"><font style="font-family: 'Bookman Old Style','serif'; font-size: 9pt;" class="_mt"> 79</font></p></td>
<td style="padding-bottom: 0in; padding-left: 0in; width: 58.5pt; padding-right: 0in; padding-top: 0in;" valign="bottom" width="78">
<p style="border-bottom: black 1px solid; line-height: 10.8pt; margin: 0in 0in 0pt 9pt; font-family: Courier; font-size: 12pt;" class="MsoNormal"><font style="font-family: 'Bookman Old Style','serif'; font-size: 9pt;" class="_mt"> 79</font></p></td>
<td style="padding-bottom: 0in; padding-left: 0in; width: 0.75in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="72">
<p style="border-bottom: black 1px solid; line-height: 10.8pt; margin: 0in 0in 0pt 9pt; font-family: Courier; font-size: 12pt;" class="MsoNormal"><font style="font-family: 'Bookman Old Style','serif'; font-size: 9pt;" class="_mt"> 188</font></p></td>
<td style="padding-bottom: 0in; padding-left: 0in; padding-right: 0in; padding-top: 0in;" width="6">
<p style="line-height: 12pt; margin: 12pt 0in 0pt; font-family: Courier; font-size: 12pt;" class="MsoNormal"> </p></td></tr>
<tr><td style="padding-bottom: 0in; padding-left: 0in; width: 4.25in; padding-right: 0in; padding-top: 0in;" valign="top" width="408">
<p style="line-height: 10.8pt; margin: 0in 0in 0pt 0.5in; font-family: Courier; font-size: 12pt;" class="MsoNormal"><font style="font-family: 'Bookman Old Style','serif'; font-size: 9pt;" class="_mt"> Total attributed Interactive Group debt</font></p></td>
<td style="padding-bottom: 0in; padding-left: 0in; width: 67.5pt; padding-right: 0in; padding-top: 0in;" valign="bottom" width="90">
<p style="border-bottom: black 1px solid; line-height: 10.8pt; margin: 0in 0in 0pt 4.5pt; font-family: Courier; font-size: 12pt;" class="MsoNormal"><font style="font-family: 'Bookman Old Style','serif'; font-size: 9pt;" class="_mt"> 5,939</font></p></td>
<td style="padding-bottom: 0in; padding-left: 0in; width: 58.5pt; padding-right: 0in; padding-top: 0in;" valign="bottom" width="78">
<p style="border-bottom: black 1px solid; line-height: 10.8pt; margin: 0in 0in 0pt 9pt; font-family: Courier; font-size: 12pt;" class="MsoNormal"><font style="font-family: 'Bookman Old Style','serif'; font-size: 9pt;" class="_mt"> 5,180</font></p></td>
<td style="padding-bottom: 0in; padding-left: 0in; width: 0.75in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="72">
<p style="border-bottom: black 1px solid; line-height: 10.8pt; margin: 0in 0in 0pt 9pt; font-family: Courier; font-size: 12pt;" class="MsoNormal"><font style="font-family: 'Bookman Old Style','serif'; font-size: 9pt;" class="_mt"> 6,073</font></p></td>
<td style="padding-bottom: 0in; padding-left: 0in; padding-right: 0in; padding-top: 0in;" width="6">
<p style="line-height: 12pt; margin: 12pt 0in 0pt; font-family: Courier; font-size: 12pt;" class="MsoNormal"> </p></td></tr>
<tr><td style="padding-bottom: 0in; padding-left: 0in; width: 4.25in; padding-right: 0in; padding-top: 0in;" valign="top" width="408">
<p style="line-height: 10.8pt; margin: 0in 0in 0pt 0.5in; font-family: Courier; font-size: 12pt;" class="MsoNormal"> </p></td>
<td style="padding-bottom: 0in; padding-left: 0in; width: 67.5pt; padding-right: 0in; padding-top: 0in;" valign="bottom" width="90">
<p style="line-height: 10.8pt; margin: 0in 0in 0pt 4.5pt; font-family: Courier; font-size: 12pt;" class="MsoNormal"> </p></td>
<td style="padding-bottom: 0in; padding-left: 0in; width: 58.5pt; padding-right: 0in; padding-top: 0in;" valign="bottom" width="78">
<p style="line-height: 10.8pt; margin: 0in 0in 0pt 9pt; font-family: Courier; font-size: 12pt;" class="MsoNormal"> </p></td>
<td style="padding-bottom: 0in; padding-left: 0in; width: 0.75in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="72">
<p style="line-height: 10.8pt; margin: 0in 0in 0pt 9pt; font-family: Courier; font-size: 12pt;" class="MsoNormal"> </p></td>
<td style="padding-bottom: 0in; padding-left: 0in; padding-right: 0in; padding-top: 0in;" width="6">
<p style="line-height: 12pt; margin: 12pt 0in 0pt; font-family: Courier; font-size: 12pt;" class="MsoNormal"> </p></td></tr>
<tr><td style="padding-bottom: 0in; padding-left: 0in; width: 4.25in; padding-right: 0in; padding-top: 0in;" valign="top" width="408">
<p style="line-height: 10.8pt; margin: 0in 0in 0pt 0.5in; font-family: Courier; font-size: 12pt;" class="MsoNormal"><font style="font-family: 'Bookman Old Style','serif'; font-size: 9pt;" class="_mt">Starz Group</font></p></td>
<td style="padding-bottom: 0in; padding-left: 0in; width: 67.5pt; padding-right: 0in; padding-top: 0in;" valign="bottom" width="90">
<p style="line-height: 10.8pt; margin: 0in 0in 0pt 4.5pt; font-family: Courier; font-size: 12pt;" class="MsoNormal"> </p></td>
<td style="padding-bottom: 0in; padding-left: 0in; width: 58.5pt; padding-right: 0in; padding-top: 0in;" valign="bottom" width="78">
<p style="line-height: 10.8pt; margin: 0in 0in 0pt 9pt; font-family: Courier; font-size: 12pt;" class="MsoNormal"> </p></td>
<td style="padding-bottom: 0in; padding-left: 0in; width: 0.75in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="72">
<p style="line-height: 10.8pt; margin: 0in 0in 0pt 9pt; font-family: Courier; font-size: 12pt;" class="MsoNormal"> </p></td>
<td style="padding-bottom: 0in; padding-left: 0in; padding-right: 0in; padding-top: 0in;" width="6">
<p style="line-height: 12pt; margin: 12pt 0in 0pt; font-family: Courier; font-size: 12pt;" class="MsoNormal"> </p></td></tr>
<tr><td style="padding-bottom: 0in; padding-left: 0in; width: 4.25in; padding-right: 0in; padding-top: 0in;" valign="top" width="408">
<p style="line-height: 10.8pt; margin: 0in 0in 0pt 0.5in; font-family: Courier; font-size: 12pt;" class="MsoNormal"><font style="font-family: 'Bookman Old Style','serif'; font-size: 9pt;" class="_mt"> Subsidiary debt</font></p></td>
<td style="padding-bottom: 0in; padding-left: 0in; width: 67.5pt; padding-right: 0in; padding-top: 0in;" valign="bottom" width="90">
<p style="border-bottom: black 1px solid; line-height: 10.8pt; margin: 0in 0in 0pt 4.5pt; font-family: Courier; font-size: 12pt;" class="MsoNormal"><font style="font-family: 'Bookman Old Style','serif'; font-size: 9pt;" class="_mt"> 105</font></p></td>
<td style="padding-bottom: 0in; padding-left: 0in; width: 58.5pt; padding-right: 0in; padding-top: 0in;" valign="bottom" width="78">
<p style="border-bottom: black 1px solid; line-height: 10.8pt; margin: 0in 0in 0pt 9pt; font-family: Courier; font-size: 12pt;" class="MsoNormal"><font style="font-family: 'Bookman Old Style','serif'; font-size: 9pt;" class="_mt"> 105</font></p></td>
<td style="padding-bottom: 0in; padding-left: 0in; width: 0.75in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="72">
<p style="border-bottom: black 1px solid; line-height: 10.8pt; margin: 0in 0in 0pt 9pt; font-family: Courier; font-size: 12pt;" class="MsoNormal"><font style="font-family: 'Bookman Old Style','serif'; font-size: 9pt;" class="_mt"> 48</font></p></td>
<td style="padding-bottom: 0in; padding-left: 0in; padding-right: 0in; padding-top: 0in;" width="6">
<p style="line-height: 12pt; margin: 12pt 0in 0pt; font-family: Courier; font-size: 12pt;" class="MsoNormal"> </p></td></tr>
<tr><td style="padding-bottom: 0in; padding-left: 0in; width: 4.25in; padding-right: 0in; padding-top: 0in;" valign="top" width="408">
<p style="line-height: 10.8pt; margin: 0in 0in 0pt 0.5in; font-family: Courier; font-size: 12pt;" class="MsoNormal"> </p></td>
<td style="padding-bottom: 0in; padding-left: 0in; width: 67.5pt; padding-right: 0in; padding-top: 0in;" valign="bottom" width="90">
<p style="line-height: 10.8pt; margin: 0in 0in 0pt 4.5pt; font-family: Courier; font-size: 12pt;" class="MsoNormal"> </p></td>
<td style="padding-bottom: 0in; padding-left: 0in; width: 58.5pt; padding-right: 0in; padding-top: 0in;" valign="bottom" width="78">
<p style="line-height: 10.8pt; margin: 0in 0in 0pt 9pt; font-family: Courier; font-size: 12pt;" class="MsoNormal"> </p></td>
<td style="padding-bottom: 0in; padding-left: 0in; width: 0.75in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="72">
<p style="line-height: 10.8pt; margin: 0in 0in 0pt 9pt; font-family: Courier; font-size: 12pt;" class="MsoNormal"> </p></td>
<td style="padding-bottom: 0in; padding-left: 0in; padding-right: 0in; padding-top: 0in;" width="6">
<p style="line-height: 12pt; margin: 12pt 0in 0pt; font-family: Courier; font-size: 12pt;" class="MsoNormal"> </p></td></tr>
<tr><td style="padding-bottom: 0in; padding-left: 0in; width: 4.25in; padding-right: 0in; padding-top: 0in;" valign="top" width="408">
<p style="line-height: 10.8pt; margin: 0in 0in 0pt 0.5in; font-family: Courier; font-size: 12pt;" class="MsoNormal"><font style="font-family: 'Bookman Old Style','serif'; font-size: 9pt;" class="_mt"> Total consolidated Liberty debt</font></p></td>
<td style="padding-bottom: 0in; padding-left: 0in; width: 67.5pt; padding-right: 0in; padding-top: 0in;" valign="bottom" width="90">
<p style="border-bottom: black 3px double; line-height: 10.8pt; margin: 0in 0in 0pt 4.5pt; font-family: Courier; font-size: 12pt;" class="MsoNormal"><font style="font-family: 'Bookman Old Style','serif'; font-size: 9pt;" class="_mt">$ 7,932</font></p></td>
<td style="padding-bottom: 0in; padding-left: 0in; width: 58.5pt; padding-right: 0in; padding-top: 0in;" valign="bottom" width="78">
<p style="line-height: 10.8pt; margin: 0in 0in 0pt 9pt; font-family: Courier; font-size: 12pt;" class="MsoNormal"><font style="font-family: 'Bookman Old Style','serif'; font-size: 9pt;" class="_mt"> 7,318</font></p></td>
<td style="padding-bottom: 0in; padding-left: 0in; width: 0.75in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="72">
<p style="line-height: 10.8pt; margin: 0in 0in 0pt 9pt; font-family: Courier; font-size: 12pt;" class="MsoNormal"><font style="font-family: 'Bookman Old Style','serif'; font-size: 9pt;" class="_mt"> 9,774</font></p></td>
<td style="padding-bottom: 0in; padding-left: 0in; padding-right: 0in; padding-top: 0in;" width="6">
<p style="line-height: 12pt; margin: 12pt 0in 0pt; font-family: Courier; font-size: 12pt;" class="MsoNormal"> </p></td></tr>
<tr><td style="padding-bottom: 0in; padding-left: 0in; width: 4.25in; padding-right: 0in; padding-top: 0in;" valign="top" width="408">
<p style="line-height: 10.8pt; margin: 0in 0in 0pt 0.5in; font-family: Courier; font-size: 12pt;" class="MsoNormal"><font style="font-family: 'Bookman Old Style','serif'; font-size: 9pt;" class="_mt"> Less current portion</font></p></td>
<td style="padding-bottom: 0in; padding-left: 0in; width: 67.5pt; padding-right: 0in; padding-top: 0in;" valign="bottom" width="90">
<p style="line-height: 10.8pt; margin: 0in 0in 0pt 4.5pt; font-family: Courier; font-size: 12pt;" class="MsoNormal"> </p></td>
<td style="padding-bottom: 0in; padding-left: 0in; width: 58.5pt; padding-right: 0in; padding-top: 0in;" valign="bottom" width="78">
<p style="border-bottom: black 1px solid; line-height: 10.8pt; margin: 0in 0in 0pt 9pt; font-family: Courier; font-size: 12pt;" class="MsoNormal"><font style="font-family: 'Bookman Old Style','serif'; font-size: 9pt;" class="_mt"> (530</font><font style="font-family: 'Bookman Old Style','serif'; font-size: 9pt;" class="_mt">)</font></p></td>
<td style="padding-bottom: 0in; padding-left: 0in; width: 0.75in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="72">
<p style="border-bottom: black 1px solid; line-height: 10.8pt; margin: 0in 0in 0pt 9pt; font-family: Courier; font-size: 12pt;" class="MsoNormal"><font style="font-family: 'Bookman Old Style','serif'; font-size: 9pt;" class="_mt"> (1,932</font><font style="font-family: 'Bookman Old Style','serif'; font-size: 9pt;" class="_mt">)</font></p></td>
<td style="padding-bottom: 0in; padding-left: 0in; padding-right: 0in; padding-top: 0in;" width="6">
<p style="line-height: 12pt; margin: 12pt 0in 0pt; font-family: Courier; font-size: 12pt;" class="MsoNormal"> </p></td></tr>
<tr><td style="padding-bottom: 0in; padding-left: 0in; width: 4.25in; padding-right: 0in; padding-top: 0in;" valign="top" width="408">
<p style="line-height: 10.8pt; margin: 0in 0in 0pt 0.5in; font-family: Courier; font-size: 12pt;" class="MsoNormal"> </p></td>
<td style="padding-bottom: 0in; padding-left: 0in; width: 67.5pt; padding-right: 0in; padding-top: 0in;" valign="bottom" width="90">
<p style="line-height: 10.8pt; margin: 0in 0in 0pt 4.5pt; font-family: Courier; font-size: 12pt;" class="MsoNormal"> </p></td>
<td style="padding-bottom: 0in; padding-left: 0in; width: 58.5pt; padding-right: 0in; padding-top: 0in;" valign="bottom" width="78">
<p style="line-height: 10.8pt; margin: 0in 0in 0pt 9pt; font-family: Courier; font-size: 12pt;" class="MsoNormal"> </p></td>
<td style="padding-bottom: 0in; padding-left: 0in; width: 0.75in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="72">
<p style="line-height: 10.8pt; margin: 0in 0in 0pt 9pt; font-family: Courier; font-size: 12pt;" class="MsoNormal"> </p></td>
<td style="padding-bottom: 0in; padding-left: 0in; padding-right: 0in; padding-top: 0in;" width="6">
<p style="line-height: 12pt; margin: 12pt 0in 0pt; font-family: Courier; font-size: 12pt;" class="MsoNormal"> </p></td></tr>
<tr><td style="padding-bottom: 0in; padding-left: 0in; width: 4.25in; padding-right: 0in; padding-top: 0in;" valign="top" width="408">
<p style="line-height: 10.8pt; margin: 0in 0in 0pt 0.5in; font-family: Courier; font-size: 12pt;" class="MsoNormal"><font style="font-family: 'Bookman Old Style','serif'; font-size: 9pt;" class="_mt"> Total long-term debt</font></p></td>
<td style="padding-bottom: 0in; padding-left: 0in; width: 67.5pt; padding-right: 0in; padding-top: 0in;" valign="bottom" width="90">
<p style="line-height: 10.8pt; margin: 0in 0in 0pt 4.5pt; font-family: Courier; font-size: 12pt;" class="MsoNormal"> </p></td>
<td style="padding-bottom: 0in; padding-left: 0in; width: 58.5pt; padding-right: 0in; padding-top: 0in;" valign="bottom" width="78">
<p style="border-bottom: black 3px double; line-height: 10.8pt; margin: 0in 0in 0pt 9pt; font-family: Courier; font-size: 12pt;" class="MsoNormal"><font style="font-family: 'Bookman Old Style','serif'; font-size: 9pt;" class="_mt">$ 6,788</font></p></td>
<td style="padding-bottom: 0in; padding-left: 0in; width: 0.75in; padding-right: 0in; padding-top: 0in;" valign="bottom" width="72">
<p style="border-bottom: black 3px double; line-height: 10.8pt; margin: 0in 0in 0pt 9pt; font-family: Courier; font-size: 12pt;" class="MsoNormal"><font style="font-family: 'Bookman Old Style','serif'; font-size: 9pt;" class="_mt">$ 7,842</font></p></td>
<td style="padding-bottom: 0in; padding-left: 0in; padding-right: 0in; padding-top: 0in;" width="6">
<p style="line-height: 12pt; margin: 12pt 0in 0pt; font-family: Courier; font-size: 12pt;" class="MsoNormal"> </p></td></tr></table>
<p style="text-align: justify; line-height: 10.8pt; margin: 0in 0in 0pt; font-family: Courier; font-size: 12pt;" class="MsoNormal"><font style="font-family: 'Bookman Old Style','serif'; font-size: 9pt;" class="_mt"> </font> </p>
<p style="text-align: justify; line-height: 10.8pt; margin: 0in 0in 0pt; font-family: Courier; font-size: 12pt;" class="MsoNormal"><b><i><font style="font-family: 'Bookman Old Style','serif'; font-size: 9pt;" class="_mt">Exchangeable Senior Debentures</font></i></b><b><font style="font-family: 'Bookman Old Style','serif'; font-size: 9pt;" class="_mt"> </font></b></p>
<p style="text-align: justify; line-height: 10.8pt; margin: 0in 0in 0pt; font-family: Courier; font-size: 12pt;" class="MsoNormal"><font style="font-family: 'Bookman Old Style','serif'; font-size: 9pt;" class="_mt">As discussed in Note 2, effective February 25, 2010 the Board of Directors of Liberty reattributed the 4%, 3.75% and 3.5% Exchangeable Senior Debentures from the Liberty Capital Group to the Liberty Interactive Group, that reattribution was reflected on a prospective basis.</font></p>
<p style="text-align: justify; line-height: normal; margin: 0in 0in 0pt; font-family: Courier; font-size: 12pt;" class="MsoNormal"><font style="font-family: 'Bookman Old Style','serif'; font-size: 9pt;" class="_mt"> </font> </p>
<p style="text-align: justify; line-height: normal; margin: 0in 0in 0pt; font-family: Courier; font-size: 12pt;" class="MsoNormal"><font style="font-family: 'Bookman Old Style','serif'; font-size: 9pt;" class="_mt">Additionally, as discussed in Note 2, in February of 2011 the 3.125% Exchangeable Senior Debentures were reattributed to the Liberty Interactive Group as Liberty Media LLC, the legal obligor on those debentures, will remain a subsidiary of Liberty.</font></p>
<p style="line-height: normal; margin: 0in 0in 0pt; font-family: Courier; font-size: 12pt;" class="MsoNormal"><font style="font-family: 'Bookman Old Style','serif'; font-size: 9pt;" class="_mt"> </font> </p>
<p style="text-align: justify; line-height: 10.8pt; text-indent: 0in; margin: 0in 0in 0pt; font-family: 'Bookman Old Style','serif'; font-size: 11pt;" class="MsoBodyTextIndent"><font style="font-size: 9pt;" class="_mt">Each $<font class="_mt">1,000</font> debenture of Liberty's 3.125% Exchangeable Senior Debentures is exchangeable at the holder's option for the value of <font class="_mt">19.136</font> shares of Time Warner common stock, <font class="_mt">4.8033</font> shares of Time Warner Cable common stock and <font class="_mt">1.7396</font> shares of AOL Inc. common stock. Liberty may, at its election, pay the exchange value in cash, Time Warner, Time Warner Cable and AOL common stock, shares of Liberty common stock or a combination thereof. On or after April 5, 2013, Liberty, at its option, may redeem the debentures, in whole or in part, for cash equal to the face amount of the debentures plus accrued interest. On March 30, 2013 or March 30, 2018, each holder may cause Liberty to purchase its exchangeable debentures, and Liberty, at its election, may pay the purchase price in shares of Time Warner, Time Warner Cable and AOL common stock, cash, Liberty common stock, or any combination thereof.</font></p>
<p style="text-align: justify; line-height: 10.8pt; margin: 0in 0in 0pt; font-family: Courier; font-size: 12pt;" class="MsoNormal"><font style="font-family: 'Bookman Old Style','serif'; font-size: 9pt;" class="_mt"> </font> </p>
<p style="text-align: justify; line-height: 10.8pt; margin: 0in 0in 0pt; font-family: Courier; font-size: 12pt;" class="MsoNormal"><font style="font-family: 'Bookman Old Style','serif'; font-size: 9pt;" class="_mt">Each $<font class="_mt">1,000</font> debenture of Liberty's 4% Exchangeable Senior Debentures is exchangeable at the holder's option for the value of <font class="_mt">11.4743</font> shares of Sprint common stock and <font class="_mt">.786</font> shares of CenturyTel common stock. Liberty may, at its election, pay the exchange value in cash, Sprint and CenturyTel common stock or a combination thereof. Liberty, at its option, may redeem the debentures, in whole or in part, for cash generally equal to the face amount of the debentures plus accrued interest.</font></p>
<p style="text-align: justify; line-height: 10.8pt; margin: 0in 0in 0pt; font-family: Courier; font-size: 12pt;" class="MsoNormal"><font style="font-family: 'Bookman Old Style','serif'; font-size: 9pt;" class="_mt"> </font> </p>
<p style="text-align: justify; line-height: 10.8pt; margin: 0in 0in 0pt; font-family: Courier; font-size: 12pt;" class="MsoNormal"><font style="font-family: 'Bookman Old Style','serif'; font-size: 9pt;" class="_mt">Each $<font class="_mt">1,000</font> debenture of Liberty's 3.75% Exchangeable Senior Debentures is exchangeable at the holder's option for the value of <font class="_mt">8.3882</font> shares of Sprint common stock and <font class="_mt">.5746</font> shares of CenturyTel common stock. Liberty may, at its election, pay the exchange value in cash, Sprint and CenturyTel common stock or a combination thereof. Liberty, at its option, may redeem the debentures, in whole or in part, for cash equal to the face amount of the debentures plus accrued interest.</font></p>
<p style="text-align: justify; line-height: 10.8pt; text-indent: 0in; margin: 0in 0in 0pt; font-family: 'Bookman Old Style','serif'; font-size: 11pt;" class="MsoBodyTextIndent"><font style="font-size: 9pt;" class="_mt"> </font> </p><font style="font-family: 'Bookman Old Style','serif'; font-size: 9pt;" class="_mt">
</font>
<p style="text-align: justify; line-height: 10.8pt; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 12pt;"><font style="font-family: 'Bookman Old Style','serif'; font-size: 9pt;" class="_mt">Each $<font class="_mt">1,000</font> debenture of Liberty's <font class="_mt">3.5</font>% Exchangeable Senior Debentures (the "Motorola Exchangeables") is exchangeable at the holder's option for the value of </font><font style="font-family: 'Bookman Old Style','serif'; font-size: 9pt;" class="_mt"><font class="_mt"><font style="font-family: 'Bookman Old Style','serif'; font-size: 9pt;" class="_mt">5.2598</font></font> shares of Motorola Solutions, Inc. and <font class="_mt">4.6024</font> shares of Motorola Mobility Holdings, Inc., as a result of Motorola Inc.'s separation of Motorola Mobility Holdings, Inc. ("MMI") in a 1 for 8 stock distribution, and the subsequent 1 for 7 reverse stock split of Motorola, Inc. (which has been renamed Motorola Solutions, Inc. ("MSI")), effective January 4, 2011.</font><font style="font-family: 'Bookman Old Style','serif'; font-size: 9pt;" class="_mt"> Such exchange value is payable, at Liberty's option, in cash, MMI and MSI stock or a combination thereof. Liberty, at its option, may redeem the debentures, in whole or in part, for cash generally equal to the adjusted principal amount of the debentures plus accrued interest. As a result of a cash distribution made by Liberty in 2007 and principal payments made to holders of the Motorola Exchangeables, the adjusted principal amount of each $<font class="_mt">1,000</font> debenture is $816.39 as of December 31, 2010.</font></p>
<p style="text-align: justify; line-height: 10.8pt; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 12pt;"><font class="_mt"> </font> </p>
<p style="text-align: justify; line-height: 10.8pt; margin: 0in 0in 0pt; font-family: Courier; font-size: 12pt;" class="MsoNormal"><font style="font-family: 'Bookman Old Style','serif'; font-size: 9pt;" class="_mt">Each $<font class="_mt">1,000</font> debenture of Liberty's 3.25% Exchangeable Senior Debentures (the "Viacom Exchangeables") is exchangeable at the holder's option for the value of <font class="_mt">9.2833</font> shares of Viacom Class B common stock and <font class="_mt">9.2833</font> shares of CBS Corporation ("CBS") Class B common stock. Such exchange value is payable at Liberty's option in cash, Viacom and CBS stock or a combination thereof. Liberty, at its option, may redeem the debentures, in whole or in part, for cash equal to the face amount of the debentures plus accrued interest.</font></p>
<p style="text-align: justify; line-height: 10.8pt; margin: 0in 0in 0pt; font-family: Courier; font-size: 12pt;" class="MsoNormal"><font style="font-family: 'Bookman Old Style','serif'; font-size: 9pt;" class="_mt"> </font> </p>
<p style="text-align: justify; line-height: 10.8pt; margin: 0in 0in 0pt; font-family: Courier; font-size: 12pt;" class="MsoNormal"><font style="font-family: 'Bookman Old Style','serif'; font-size: 9pt;" class="_mt">Liberty has sold or otherwise disposed of a portion of its shares of Motorola and CBS common stock which underlie the Motorola Exchangeables and Viacom Exchangeables, respectively. Because such exchangeable debentures are exchangeable at the option of the holder at any time and Liberty can no longer use shares it owns to redeem the debentures, Liberty has classified for financial reporting purposes the portion of the debentures that would be redeemed for cash as a current liability. Such amount aggregated $<font class="_mt">451</font> million at December 31, 2010. Although such amount has been classified as a current liability for financial reporting purposes, the Company believes the probability that the holders of such instruments will exchange a significant principal amount of the debentures prior to maturity is remote.</font></p>
<p style="text-align: justify; line-height: 10.8pt; margin: 0in 0in 0pt; font-family: Courier; font-size: 12pt;" class="MsoNormal"><font style="font-family: 'Bookman Old Style','serif'; font-size: 9pt;" class="_mt"> </font> </p>
<p style="text-align: justify; line-height: 10.8pt; margin: 0in 0in 0pt; font-family: Courier; font-size: 12pt;" class="MsoNormal"><font style="font-family: 'Bookman Old Style','serif'; font-size: 9pt;" class="_mt">During the second quarter of 2009, Liberty used cash for the voluntary early retirement of $<font class="_mt">750</font> million face amount of its Exchangeable Senior Debentures attributable to Liberty Capital. Liberty paid $<font class="_mt">187.5</font> million (of which $<font class="_mt">37.5</font> million was existing cash collateral) to retire $<font class="_mt">400</font> million face amount of its 4% Exchangeable Senior Debentures due 2029 and $<font class="_mt">350</font> million face amount of its 3.75% Exchangeable Senior Debentures due 2030. Liberty also terminated swap arrangements that reference the 4% and 3.75% Exchangeable Senior Debentures with no additional payment. The total cash used to retire the $<font class="_mt">750</font> million face amount of Exchangeable Senior Debentures and swaps referencing these Exchangeable Senior Debentures was $<font class="_mt">503</font> million, of which $<font class="_mt">315</font> million was paid to settle swap arrangements that were settled in November 2008.</font><font style="font-family: 'Bookman Old Style','serif'; font-size: 9pt;" class="_mt"> </font></p>
<p style="text-align: justify; line-height: 10.8pt; margin: 0in 0in 0pt; font-family: Courier; font-size: 12pt;" class="MsoNormal"><font style="font-family: 'Bookman Old Style','serif'; font-size: 9pt;" class="_mt"> </font> </p>
<p style="text-align: justify; line-height: 10.8pt; margin: 0in 0in 0pt; font-family: Courier; font-size: 12pt;" class="MsoNormal"><font style="font-family: 'Bookman Old Style','serif'; font-size: 9pt;" class="_mt">Interest on the Company's exchangeable debentures is payable semi-annually based on the date of issuance. At maturity, all of the Company's exchangeable debentures are payable in cash.</font></p>
<p style="text-align: justify; line-height: 10.8pt; margin: 0in 0in 0pt; font-family: Courier; font-size: 12pt;" class="MsoNormal"><font style="font-family: 'Bookman Old Style','serif'; font-size: 9pt;" class="_mt"> </font> </p>
<p style="text-align: justify; line-height: 10.8pt; margin: 0in 0in 0pt; font-family: Courier; font-size: 12pt;" class="MsoNormal"><b><i><font style="font-family: 'Bookman Old Style','serif'; font-size: 9pt;" class="_mt">Liberty Bank Facility</font></i></b><font style="font-family: 'Bookman Old Style','serif'; font-size: 9pt;" class="_mt"> </font></p>
<p style="text-align: justify; line-height: 10.8pt; margin: 0in 0in 0pt; font-family: Courier; font-size: 12pt;" class="MsoNormal"><font style="font-family: 'Bookman Old Style','serif'; font-size: 9pt;" class="_mt">Represents borrowings from a financial institution to be invested by Liberty in a portfolio of selected debt and mezzanine-level instruments of companies in the telecommunications, media and technology sectors. Due to the investment restrictions contained in the agreements related to these borrowings, the uninvested cash balance of $<font class="_mt">503</font> million is included in other assets in the accompanying consolidated balance sheet at December 31, 2010. <font class="_mt"><font style="font-family: 'Bookman Old Style','serif'; font-size: 9pt;" class="_mt">Borrowings accrue interest at LIBOR plus an applicable margin (0.54% at December 31, 2010).</font></font></font></p>
<p style="text-align: justify; line-height: 10.8pt; margin: 0in 0in 0pt; font-family: Courier; font-size: 12pt;" class="MsoNormal"><font style="font-family: 'Bookman Old Style','serif'; font-size: 9pt;" class="_mt"> </font> </p>
<p style="text-align: justify; line-height: 10.8pt; margin: 0in 0in 0pt; font-family: Courier; font-size: 12pt;" class="MsoNormal"><b><i><font style="font-family: 'Bookman Old Style','serif'; font-size: 9pt;" class="_mt">Liberty Derivative Loan</font></i></b><font style="font-family: 'Bookman Old Style','serif'; font-size: 9pt;" class="_mt"> </font></p>
<p style="text-align: justify; line-height: 10.8pt; margin: 0in 0in 0pt; font-family: Courier; font-size: 12pt;" class="MsoNormal"><font style="font-family: 'Bookman Old Style','serif'; font-size: 9pt;" class="_mt">During the first quarter of 2009, Liberty made additional net borrowings of $<font class="_mt">1,638</font> million against the present value of its Sprint derivatives. As the derivatives expired settlement proceeds were used to offset the outstanding debt. In the first quarter of 2010 the remaining Sprint derivatives expired and Liberty received cash proceeds of $<font class="_mt">750</font> million and repaid the remaining outstanding derivative loans.</font></p>
<p style="text-align: justify; line-height: 10.8pt; margin: 0in 0in 0pt; font-family: Courier; font-size: 12pt;" class="MsoNormal"><font style="font-family: 'Bookman Old Style','serif'; font-size: 9pt;" class="_mt"> </font> </p>
<p style="text-align: justify; line-height: 10.8pt; margin: 0in 0in 0pt; font-family: Courier; font-size: 12pt;" class="MsoNormal"><b><i><font style="font-family: 'Bookman Old Style','serif'; font-size: 9pt;" class="_mt">Senior Notes and Debentures</font></i></b><b><font style="font-family: 'Bookman Old Style','serif'; font-size: 9pt;" class="_mt"> </font></b></p>
<p style="text-align: justify; line-height: 10.8pt; margin: 0in 0in 0pt; font-family: Courier; font-size: 12pt;" class="MsoNormal"><font style="font-family: 'Bookman Old Style','serif'; font-size: 9pt;" class="_mt">Interest on the Senior Notes and Senior Debentures is payable semi-annually based on the date of issuance.</font></p>
<p style="text-align: justify; line-height: 10.8pt; margin: 0in 0in 0pt; font-family: Courier; font-size: 12pt;" class="MsoNormal"><font style="font-family: 'Bookman Old Style','serif'; font-size: 9pt;" class="_mt"> </font> </p>
<p style="text-align: justify; line-height: 10.8pt; margin: 0in 0in 0pt; font-family: Courier; font-size: 12pt;" class="MsoNormal"><font style="font-family: 'Bookman Old Style','serif'; font-size: 9pt;" class="_mt">During the second quarter of 2010, Liberty completed a cash tender offer for $<font class="_mt">410</font> million aggregate principal amount of the outstanding 5.7% Senior Notes due 2013. The total consideration payable under the tender offer was determined based on a modified "Dutch Auction" procedure and resulted in a purchase price of <font class="_mt">103</font>% of par value. In addition Liberty made open market purchases to retire another $<font class="_mt">69</font> million during the nine months ended September 30, 2010.</font></p>
<p style="text-align: justify; line-height: 10.8pt; margin: 0in 0in 0pt; font-family: Courier; font-size: 12pt;" class="MsoNormal"><font style="font-family: 'Bookman Old Style','serif'; font-size: 9pt;" class="_mt"> </font> </p>
<p style="text-align: justify; line-height: 10.8pt; margin: 0in 0in 0pt; font-family: Courier; font-size: 12pt;" class="MsoNormal"><font style="font-family: 'Bookman Old Style','serif'; font-size: 9pt;" class="_mt">The Senior Notes and Senior Debentures are stated net of an aggregate unamortized discount of $<font class="_mt">7</font> million and $<font class="_mt">8</font> million at December 31, 2010 and 2009, respectively. Such discount is being amortized to interest expense in the accompanying consolidated statements of operations.</font></p>
<p style="text-align: justify; line-height: 10.8pt; margin: 0in 0in 0pt; font-family: Courier; font-size: 12pt;" class="MsoNormal"><b><i><font style="font-family: 'Bookman Old Style','serif'; font-size: 9pt;" class="_mt"> </font></i></b> </p>
<p style="text-align: justify; line-height: 10.8pt; margin: 0in 0in 0pt; font-family: Courier; font-size: 12pt;" class="MsoNormal"><b><i><font style="font-family: 'Bookman Old Style','serif'; font-size: 9pt;" class="_mt">QVC 7.125% Senior Secured Notes due 2017</font></i></b><font style="font-family: 'Bookman Old Style','serif'; font-size: 9pt;" class="_mt"> </font></p>
<p style="text-align: justify; line-height: 10.8pt; margin: 0in 0in 0pt; font-family: Courier; font-size: 12pt;" class="MsoNormal"><font style="font-family: 'Bookman Old Style','serif'; font-size: 9pt;" class="_mt">During the first quarter of 2010, QVC issued $<font class="_mt">500</font> million principal amount of 7.125% Senior Secured Notes due 2017 at par. QVC used the proceeds from such offering to retire certain outstanding term loans under QVC's Bank Credit Facilities that were to mature on various dates between 2010 and 2014.</font></p>
<p style="text-align: justify; line-height: 10.8pt; margin: 0in 0in 0pt; font-family: Courier; font-size: 12pt;" class="MsoNormal"><font style="font-family: 'Bookman Old Style','serif'; font-size: 9pt;" class="_mt"> </font> </p>
<p style="text-align: justify; line-height: 10.8pt; margin: 0in 0in 0pt; font-family: Courier; font-size: 12pt;" class="MsoNormal"><b><i><font style="font-family: 'Bookman Old Style','serif'; font-size: 9pt;" class="_mt">QVC 7.5% Senior Secured Notes due 2019</font></i></b><font style="font-family: 'Bookman Old Style','serif'; font-size: 9pt;" class="_mt"> </font></p>
<p style="text-align: justify; line-height: 10.8pt; margin: 0in 0in 0pt; font-family: Courier; font-size: 12pt;" class="MsoNormal"><font style="font-family: 'Bookman Old Style','serif'; font-size: 9pt;" class="_mt">During the third quarter of 2009, QVC issued $<font class="_mt">1.0</font> billion principal amount of 7.5% Senior Secured Notes due 2019 (the "QVC Notes") at an issue price of <font class="_mt">98.278</font>%. QVC used the net proceeds from such offering to fund the purchase and cancellation of outstanding term loans under QVC's senior secured credit facilities that mature in 2014.</font></p>
<p style="text-align: justify; line-height: 10.8pt; margin: 0in 0in 0pt; font-family: Courier; font-size: 12pt;" class="MsoNormal"><font style="font-family: 'Bookman Old Style','serif'; font-size: 9pt;" class="_mt"> </font> </p>
<p style="text-align: justify; line-height: 10.8pt; margin: 0in 0in 0pt; font-family: Courier; font-size: 12pt;" class="MsoNormal"><b><i><font style="font-family: 'Bookman Old Style','serif'; font-size: 9pt;" class="_mt">QVC 7.375% Senior Secured Notes due 2020</font></i></b><font style="font-family: 'Bookman Old Style','serif'; font-size: 9pt;" class="_mt"> </font></p>
<p style="text-align: justify; line-height: 10.8pt; margin: 0in 0in 0pt; font-family: Courier; font-size: 12pt;" class="MsoNormal"><font style="font-family: 'Bookman Old Style','serif'; font-size: 9pt;" class="_mt">During the first quarter of 2010, QVC issued $<font class="_mt">500</font> million principal amount of 7.375% Senior Secured Notes due 2020 at par. QVC used the proceeds from such offering to retire certain outstanding term loans under QVC's Bank Credit Facilities that were to mature on various dates between 2010 and 2014.</font></p>
<p style="text-align: justify; line-height: 10.8pt; margin: 0in 0in 0pt; font-family: Courier; font-size: 12pt;" class="MsoNormal"><font style="font-family: 'Bookman Old Style','serif'; font-size: 9pt;" class="_mt"> </font> </p>
<p style="text-align: justify; line-height: 10.8pt; margin: 0in 0in 0pt; font-family: Courier; font-size: 12pt;" class="MsoNormal"><b><i><font style="font-family: 'Bookman Old Style','serif'; font-size: 9pt;" class="_mt">QVC Bank Credit Facilities</font></i></b></p>
<p style="text-align: justify; line-height: 10.8pt; margin: 0in 0in 0pt; font-family: Courier; font-size: 12pt;" class="MsoNormal"><font style="font-family: 'Bookman Old Style','serif'; font-size: 9pt;" class="_mt">During the third quarter of 2010, QVC-US entered into a new credit agreement which provides for a $<font class="_mt">2</font> billion revolving credit facility, with a $<font class="_mt">250</font> million sub-limit for standby letters of credit. QVC may elect that the loans extended under the revolving credit agreement bear interest at a rate per annum equal to the ABR Rate or LIBOR, as each is defined in the credit agreement, plus a margin of <font class="_mt">0.50</font>% to <font class="_mt">3.00</font>% depending on various factors. The credit facility is a multi-currency facility and there is no prepayment penalty. The loans are scheduled to mature in September of 2015. The proceeds drawn under the new credit facility were used to repay outstanding indebtedness under the previous bank facilities which are no longer outstanding. </font></p>
<p style="text-align: justify; line-height: 10.8pt; margin: 0in 0in 0pt; font-family: Courier; font-size: 12pt;" class="MsoNormal"><font style="font-family: 'Bookman Old Style','serif'; font-size: 9pt;" class="_mt"> </font> </p>
<p style="text-align: justify; line-height: 10.8pt; margin: 0in 0in 0pt; font-family: Courier; font-size: 12pt;" class="MsoNormal"><font style="font-family: 'Bookman Old Style','serif'; font-size: 9pt;" class="_mt">QVC was in compliance with all of its debt covenants at December 31, 2010.</font></p>
<p style="text-align: justify; line-height: 10.8pt; margin: 0in 0in 0pt; font-family: Courier; font-size: 12pt;" class="MsoNormal"><font style="font-family: 'Bookman Old Style','serif'; font-size: 9pt;" class="_mt"> </font> </p>
<p style="text-align: justify; line-height: 10.8pt; margin: 0in 0in 0pt; font-family: Courier; font-size: 12pt;" class="MsoNormal"><b><i><font style="font-family: 'Bookman Old Style','serif'; font-size: 9pt;" class="_mt">QVC Interest Rate Swap Arrangements</font></i></b></p>
<p style="text-align: justify; line-height: 10.8pt; margin: 0in 0in 0pt; font-family: Courier; font-size: 12pt;" class="MsoNormal"><font style="font-family: 'Bookman Old Style','serif'; font-size: 9pt;" class="_mt">QVC is party to ten separate interest rate swap arrangements with an aggregate notional amount of $<font class="_mt">2,200</font> million to manage the cash flow risk associated with interest payments on its variable rate debt. The swap arrangements provide for QVC to make fixed payments at rates ranging from <font class="_mt">4.9575</font>% to <font class="_mt">5.2928</font>% and to receive variable payments at 3 month LIBOR. All of the swap arrangements expire in March 2011. Until December 2008, QVC accounted for the swap arrangements as cash flow hedges with the effective portions of changes in the fair value reflected in other comprehensive earnings in the accompanying condensed consolidated balance sheet. In December 2008, QVC elected interest terms under its credit facilities that do not effectively match the terms of the swap arrangements. As a result, the swaps no longer qualify as cash flow hedges under GAAP. Accordingly, changes in the fair value of the swaps are now reflected in realized and unrealized gains or losses on financial instruments in the accompanying condensed consolidated statements of operations.</font></p>
<p style="text-align: justify; line-height: 10.8pt; margin: 0in 0in 0pt; font-family: Courier; font-size: 12pt;" class="MsoNormal"><font style="font-family: 'Bookman Old Style','serif'; font-size: 9pt;" class="_mt"> </font> </p>
<p style="text-align: justify; line-height: 10.8pt; margin: 0in 0in 0pt; font-family: Courier; font-size: 12pt;" class="MsoNormal"><font style="font-family: 'Bookman Old Style','serif'; font-size: 9pt;" class="_mt">During the third quarter of 2009, QVC entered into seven new forward interest rate swap arrangements with an aggregate notional amount of $<font class="_mt">1.75</font> billion. Such arrangements provide for payments beginning in March 2011 and extending to March 2013. QVC will make fixed payments at rates ranging from <font class="_mt">2.98</font>% to <font class="_mt">3.67</font>% and receive variable payments at 3 month LIBOR. These swap arrangements are not accounted for as cash flow hedges.</font></p>
<p style="text-align: justify; line-height: 10.8pt; margin: 0in 0in 0pt; font-family: Courier; font-size: 12pt;" class="MsoNormal"><font style="font-family: 'Bookman Old Style','serif'; font-size: 9pt;" class="_mt"> </font> </p>
<p style="text-align: justify; line-height: 10.8pt; margin: 0in 0in 0pt; font-family: Courier; font-size: 12pt;" class="MsoNormal"><b><i><font style="font-family: 'Bookman Old Style','serif'; font-size: 9pt;" class="_mt">Other Subsidiary Debt</font></i></b></p>
<p style="text-align: justify; line-height: 10.8pt; margin: 0in 0in 0pt; font-family: Courier; font-size: 12pt;" class="MsoNormal"><font style="font-family: 'Bookman Old Style','serif'; font-size: 9pt;" class="_mt">Other subsidiary debt at December 31, 2010 is comprised of capitalized satellite transponder lease obligations and bank debt of certain subsidiaries.</font></p>
<p style="text-align: justify; line-height: 10.8pt; margin: 0in 0in 0pt; font-family: Courier; font-size: 12pt;" class="MsoNormal"><font style="font-family: 'Bookman Old Style','serif'; font-size: 9pt;" class="_mt"> </font> </p>
<p style="text-align: justify; line-height: 10.8pt; margin: 0in 0in 0pt; font-family: Courier; font-size: 12pt;" class="MsoNormal"><b><i><font style="font-family: 'Bookman Old Style','serif'; font-size: 9pt;" class="_mt">Five Year Maturities</font></i></b><b><font style="font-family: 'Bookman Old Style','serif'; font-size: 9pt;" class="_mt"> </font></b></p>
<p style="text-align: justify; line-height: 10.8pt; margin: 0in 0in 0pt; font-family: Courier; font-size: 12pt;" class="MsoNormal"><font style="font-family: 'Bookman Old Style','serif'; font-size: 9pt;" class="_mt">The U.S. dollar equivalent of the annual principal maturities of Liberty's debt for each of the next five years is as follows (amounts in millions):</font></p>
<p style="text-align: justify; line-height: 10pt; margin: 0in 0in 0pt; font-family: Courier; font-size: 12pt;" class="MsoNormal"><font style="font-family: 'Bookman Old Style','serif'; font-size: 9pt;" class="_mt"> </font> </p>
<table style="border-collapse: collapse; font-family: 'Calibri','sans-serif'; margin-left: 18.9pt; font-size: 11pt;" class="MsoNormalTable" border="0" cellspacing="0" cellpadding="0" width="426">
<tr><td style="padding-bottom: 0in; padding-left: 5.4pt; width: 2.25in; padding-right: 5.4pt; padding-top: 0in;" valign="top" width="216">
<p style="text-align: justify; line-height: 10pt; margin: 0in 0in 0pt 1in; font-family: Courier; font-size: 12pt;" class="MsoNormal"><font style="font-family: 'Bookman Old Style','serif'; font-size: 9pt;" class="_mt">2011</font></p></td>
<td style="padding-bottom: 0in; padding-left: 5.4pt; width: 157.5pt; padding-right: 5.4pt; padding-top: 0in;" valign="top" width="210">
<p style="text-align: justify; line-height: 10pt; margin: 0in 0in 0pt; font-family: Courier; font-size: 12pt;" class="MsoNormal"><font style="font-family: 'Bookman Old Style','serif'; font-size: 9pt;" class="_mt">$ 82</font></p></td></tr>
<tr><td style="padding-bottom: 0in; padding-left: 5.4pt; width: 2.25in; padding-right: 5.4pt; padding-top: 0in;" valign="top" width="216">
<p style="text-align: justify; line-height: 10pt; margin: 0in 0in 0pt 1in; font-family: Courier; font-size: 12pt;" class="MsoNormal"><font style="font-family: 'Bookman Old Style','serif'; font-size: 9pt;" class="_mt">2012</font></p></td>
<td style="padding-bottom: 0in; padding-left: 5.4pt; width: 157.5pt; padding-right: 5.4pt; padding-top: 0in;" valign="top" width="210">
<p style="text-align: justify; line-height: 10pt; margin: 0in 0in 0pt; font-family: Courier; font-size: 12pt;" class="MsoNormal"><font style="font-family: 'Bookman Old Style','serif'; font-size: 9pt;" class="_mt">$ 795</font></p></td></tr>
<tr><td style="padding-bottom: 0in; padding-left: 5.4pt; width: 2.25in; padding-right: 5.4pt; padding-top: 0in;" valign="top" width="216">
<p style="text-align: justify; line-height: 10pt; margin: 0in 0in 0pt 1in; font-family: Courier; font-size: 12pt;" class="MsoNormal"><font style="font-family: 'Bookman Old Style','serif'; font-size: 9pt;" class="_mt">2013</font></p></td>
<td style="padding-bottom: 0in; padding-left: 5.4pt; width: 157.5pt; padding-right: 5.4pt; padding-top: 0in;" valign="top" width="210">
<p style="text-align: justify; line-height: 10pt; margin: 0in 0in 0pt; font-family: Courier; font-size: 12pt;" class="MsoNormal"><font style="font-family: 'Bookman Old Style','serif'; font-size: 9pt;" class="_mt">$ 339</font></p></td></tr>
<tr><td style="padding-bottom: 0in; padding-left: 5.4pt; width: 2.25in; padding-right: 5.4pt; padding-top: 0in;" valign="top" width="216">
<p style="text-align: justify; line-height: 10pt; margin: 0in 0in 0pt 1in; font-family: Courier; font-size: 12pt;" class="MsoNormal"><font style="font-family: 'Bookman Old Style','serif'; font-size: 9pt;" class="_mt">2014</font></p></td>
<td style="padding-bottom: 0in; padding-left: 5.4pt; width: 157.5pt; padding-right: 5.4pt; padding-top: 0in;" valign="top" width="210">
<p style="text-align: justify; line-height: 10pt; margin: 0in 0in 0pt; font-family: Courier; font-size: 12pt;" class="MsoNormal"><font style="font-family: 'Bookman Old Style','serif'; font-size: 9pt;" class="_mt">$ 13</font></p></td></tr>
<tr><td style="padding-bottom: 0in; padding-left: 5.4pt; width: 2.25in; padding-right: 5.4pt; padding-top: 0in;" valign="top" width="216">
<p style="text-align: justify; line-height: 10pt; margin: 0in 0in 0pt 1in; font-family: Courier; font-size: 12pt;" class="MsoNormal"><font style="font-family: 'Bookman Old Style','serif'; font-size: 9pt;" class="_mt">2015</font></p></td>
<td style="padding-bottom: 0in; padding-left: 5.4pt; width: 157.5pt; padding-right: 5.4pt; padding-top: 0in;" valign="top" width="210">
<p style="text-align: justify; line-height: 10pt; margin: 0in 0in 0pt; font-family: Courier; font-size: 12pt;" class="MsoNormal"><font style="font-family: 'Bookman Old Style','serif'; font-size: 9pt;" class="_mt">$ 799</font></p></td></tr></table>
<p style="text-align: justify; line-height: 10.8pt; text-indent: -0.5in; margin: 0in 0in 0pt 0.5in; font-family: Courier; font-size: 12pt;" class="MsoNormal"><font style="font-family: 'Bookman Old Style','serif'; font-size: 9pt;" class="_mt"> </font> </p>
<p style="text-align: justify; line-height: 10.8pt; margin: 0in 0in 0pt; font-family: Courier; font-size: 12pt;" class="MsoNormal"><b><i><font style="font-family: 'Bookman Old Style','serif'; font-size: 9pt;" class="_mt">Fair Value of Debt</font></i></b><b><font style="font-family: 'Bookman Old Style','serif'; font-size: 9pt;" class="_mt"> </font></b></p>
<p style="text-align: justify; line-height: 10.8pt; margin: 0in 0in 0pt; font-family: Courier; font-size: 12pt;" class="MsoNormal"><font style="font-family: 'Bookman Old Style','serif'; font-size: 9pt;" class="_mt">Liberty estimates the fair value of its debt based on the quoted market prices for the same or similar issues or on the current rate offered to Liberty for debt of the same remaining maturities. The fair value of Liberty's publicly traded debt securities that are not reported at fair value in the accompanying consolidated balance sheets is as follows:</font></p>
<p style="text-align: justify; line-height: 10.8pt; margin: 0in 0in 0pt; font-family: Courier; font-size: 12pt;" class="MsoNormal"><font style="font-family: 'Bookman Old Style','serif'; font-size: 9pt;" class="_mt"> </font> </p>
<table style="border-collapse: collapse; font-family: 'Calibri','sans-serif'; margin-left: 0px !important; font-size: 11pt;" class="MsoNormalTable" border="0" cellspacing="0" cellpadding="0" width="577">
<tr><td> </td>
<td> </td>
<td> </td></tr>
<tr><td style="padding-bottom: 0in; padding-left: 5.4pt; width: 315.9pt; padding-right: 5.4pt; padding-top: 0in;" valign="top" width="421">
<p style="text-align: justify; line-height: 10pt; margin: 0in 0in 0pt 67.5pt; font-family: Courier; font-size: 12pt;" class="MsoNormal"> </p></td>
<td style="padding-bottom: 0in; padding-left: 5.4pt; width: 117pt; padding-right: 5.4pt; padding-top: 0in;" valign="top" width="156" colspan="2">
<p style="border-bottom: black 1px solid; line-height: 10pt; margin: 0in 0in 0pt; font-family: Courier; font-size: 12pt;" class="MsoNormal"><font style="font-family: 'Bookman Old Style','serif'; font-size: 9pt;" class="_mt"> December 31, </font></p></td></tr>
<tr><td style="padding-bottom: 0in; padding-left: 5.4pt; width: 315.9pt; padding-right: 5.4pt; padding-top: 0in;" valign="top" width="421">
<p style="text-align: justify; line-height: 10pt; margin: 0in 0in 0pt 67.5pt; font-family: Courier; font-size: 12pt;" class="MsoNormal"> </p></td>
<td style="padding-bottom: 0in; padding-left: 5.4pt; width: 58.5pt; padding-right: 5.4pt; padding-top: 0in;" valign="top" width="78">
<p style="border-bottom: black 1px solid; line-height: 10pt; margin: 0in 0in 0pt; font-family: Courier; font-size: 12pt;" class="MsoNormal"><font style="font-family: 'Bookman Old Style','serif'; font-size: 9pt;" class="_mt"> 2010 </font></p></td>
<td style="padding-bottom: 0in; padding-left: 5.4pt; width: 58.5pt; padding-right: 5.4pt; padding-top: 0in;" valign="bottom" width="78">
<p style="border-bottom: black 1px solid; line-height: 10pt; margin: 0in 0in 0pt; font-family: Courier; font-size: 12pt;" class="MsoNormal"><font style="font-family: 'Bookman Old Style','serif'; font-size: 9pt;" class="_mt"> 2009 </font></p></td></tr>
<tr><td style="padding-bottom: 0in; padding-left: 5.4pt; width: 315.9pt; padding-right: 5.4pt; padding-top: 0in;" valign="top" width="421">
<p style="text-align: justify; line-height: 10pt; margin: 0in 0in 0pt 67.5pt; font-family: Courier; font-size: 12pt;" class="MsoNormal"> </p></td>
<td style="padding-bottom: 0in; padding-left: 5.4pt; width: 117pt; padding-right: 5.4pt; padding-top: 0in;" valign="top" width="156" colspan="2">
<p style="text-align: center; line-height: 10pt; margin: 0in 0in 0pt; font-family: Courier; font-size: 12pt;" class="MsoNormal" align="center"><font style="font-family: 'Bookman Old Style','serif'; font-size: 9pt;" class="_mt">amounts in millions</font></p></td></tr>
<tr><td style="padding-bottom: 0in; padding-left: 5.4pt; width: 315.9pt; padding-right: 5.4pt; padding-top: 0in;" valign="top" width="421">
<p style="text-align: justify; line-height: 10pt; margin: 0in 0in 0pt 67.5pt; font-family: Courier; font-size: 12pt;" class="MsoNormal"> </p></td>
<td style="padding-bottom: 0in; padding-left: 5.4pt; width: 58.5pt; padding-right: 5.4pt; padding-top: 0in;" valign="top" width="78">
<p style="line-height: 10pt; margin: 0in 0in 0pt; font-family: Courier; font-size: 12pt;" class="MsoNormal"> </p></td>
<td style="padding-bottom: 0in; padding-left: 5.4pt; width: 58.5pt; padding-right: 5.4pt; padding-top: 0in;" valign="bottom" width="78">
<p style="line-height: 10pt; margin: 0in 0in 0pt; font-family: Courier; font-size: 12pt;" class="MsoNormal"> </p></td></tr>
<tr><td style="padding-bottom: 0in; padding-left: 5.4pt; width: 315.9pt; padding-right: 5.4pt; padding-top: 0in;" valign="top" width="421">
<p style="text-align: justify; line-height: 10pt; margin: 0in 0in 0pt 67.5pt; font-family: Courier; font-size: 12pt;" class="MsoNormal"><font style="font-family: 'Bookman Old Style','serif'; font-size: 9pt;" class="_mt">Fixed rate senior notes </font></p></td>
<td style="padding-bottom: 0in; padding-left: 5.4pt; width: 58.5pt; padding-right: 5.4pt; padding-top: 0in;" valign="bottom" width="78">
<p style="line-height: 10pt; margin: 0in 0in 0pt; font-family: Courier; font-size: 12pt;" class="MsoNormal"><font style="font-family: 'Bookman Old Style','serif'; font-size: 9pt;" class="_mt">$ 334</font></p></td>
<td style="padding-bottom: 0in; padding-left: 5.4pt; width: 58.5pt; padding-right: 5.4pt; padding-top: 0in;" valign="bottom" width="78">
<p style="line-height: 10pt; margin: 0in 0in 0pt; font-family: Courier; font-size: 12pt;" class="MsoNormal"><font style="font-family: 'Bookman Old Style','serif'; font-size: 9pt;" class="_mt"> 774</font></p></td></tr>
<tr><td style="padding-bottom: 0in; padding-left: 5.4pt; width: 315.9pt; padding-right: 5.4pt; padding-top: 0in;" valign="top" width="421">
<p style="text-align: justify; line-height: 10pt; margin: 0in 0in 0pt 67.5pt; font-family: Courier; font-size: 12pt;" class="MsoNormal"><font style="font-family: 'Bookman Old Style','serif'; font-size: 9pt;" class="_mt">Senior debentures </font></p></td>
<td style="padding-bottom: 0in; padding-left: 5.4pt; width: 58.5pt; padding-right: 5.4pt; padding-top: 0in;" valign="bottom" width="78">
<p style="line-height: 10pt; margin: 0in 0in 0pt; font-family: Courier; font-size: 12pt;" class="MsoNormal"><font style="font-family: 'Bookman Old Style','serif'; font-size: 9pt;" class="_mt">$ 788</font></p></td>
<td style="padding-bottom: 0in; padding-left: 5.4pt; width: 58.5pt; padding-right: 5.4pt; padding-top: 0in;" valign="bottom" width="78">
<p style="line-height: 10pt; margin: 0in 0in 0pt; font-family: Courier; font-size: 12pt;" class="MsoNormal"><font style="font-family: 'Bookman Old Style','serif'; font-size: 9pt;" class="_mt"> 722</font></p></td></tr>
<tr><td style="padding-bottom: 0in; padding-left: 5.4pt; width: 315.9pt; padding-right: 5.4pt; padding-top: 0in;" valign="top" width="421">
<p style="text-align: justify; line-height: 10pt; margin: 0in 0in 0pt 67.5pt; font-family: Courier; font-size: 12pt;" class="MsoNormal"><font style="font-family: 'Bookman Old Style','serif'; font-size: 9pt;" class="_mt">QVC senior secured notes</font></p></td>
<td style="padding-bottom: 0in; padding-left: 5.4pt; width: 58.5pt; padding-right: 5.4pt; padding-top: 0in;" valign="bottom" width="78">
<p style="line-height: 10pt; margin: 0in 0in 0pt; font-family: Courier; font-size: 12pt;" class="MsoNormal"><font style="font-family: 'Bookman Old Style','serif'; font-size: 9pt;" class="_mt">$ 2,103</font></p></td>
<td style="padding-bottom: 0in; padding-left: 5.4pt; width: 58.5pt; padding-right: 5.4pt; padding-top: 0in;" valign="bottom" width="78">
<p style="line-height: 10pt; margin: 0in 0in 0pt; font-family: Courier; font-size: 12pt;" class="MsoNormal"><font style="font-family: 'Bookman Old Style','serif'; font-size: 9pt;" class="_mt"> 1,016</font></p></td></tr></table>
<p style="text-align: justify; line-height: 10.8pt; text-indent: -0.5in; margin: 0in 0in 0pt 0.5in; font-family: Courier; font-size: 12pt;" class="MsoNormal"><font style="font-family: 'Bookman Old Style','serif'; font-size: 9pt;" class="_mt"> </font> </p><font style="font-family: 'Bookman Old Style','serif'; font-size: 9pt;" class="_mt">Due to its variable rate nature and the absence of significant change to Liberty's credit quality, Liberty believes that the carrying amount of its subsidiary debt and other parent debt, approximated fair value at December 31, 2010.</font> </div>(11) Long-Term Debt
Debt is summarized as follows:
Outstandingfalsefalsefalsefalsefalse | Otherus-types:textBlockItemTypestringInformation about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 02
-Paragraph 19, 20, 22
-Article 5
Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 129
-Paragraph 2, 4
falsefalse
12Long-Term DebtUnKnownUnKnownUnKnownUnKnownfalsetrue