Document_And_Entity_Informatio
Document And Entity Information | 9 Months Ended | ||||
Sep. 30, 2013 | Oct. 31, 2013 | Oct. 31, 2013 | Oct. 31, 2013 | Oct. 31, 2013 | |
Interactive Group [Member] | Interactive Group [Member] | Ventures Group [Member] | Ventures Group [Member] | ||
Common Class A [Member] | Common Class B [Member] | Common Class A [Member] | Common Class B [Member] | ||
Entity Registrant Name | 'Liberty Interactive Corporation | ' | ' | ' | ' |
Entity Central Index Key | '0001355096 | ' | ' | ' | ' |
Current Fiscal Year End Date | '--12-31 | ' | ' | ' | ' |
Entity Filer Category | 'Large Accelerated Filer | ' | ' | ' | ' |
Entity Common Stock, Shares Outstanding | ' | 479,504,070 | 28,891,103 | 35,351,097 | 1,442,689 |
Document Type | '10-Q | ' | ' | ' | ' |
Amendment Flag | 'false | ' | ' | ' | ' |
Document Period End Date | 30-Sep-13 | ' | ' | ' | ' |
Document Fiscal Year Focus | '2013 | ' | ' | ' | ' |
Document Fiscal Period Focus | 'Q3 | ' | ' | ' | ' |
Entity Well-known Seasoned Issuer | 'Yes | ' | ' | ' | ' |
Entity Voluntary Filers | 'No | ' | ' | ' | ' |
Entity Current Reporting Status | 'Yes | ' | ' | ' | ' |
Condensed_Consolidated_Balance
Condensed Consolidated Balance Sheets (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Millions, unless otherwise specified | ||
Assets, Current | ' | ' |
Cash and cash equivalents | $981 | $2,660 |
Trade and other receivables, net | 954 | 1,201 |
Inventory, net | 1,328 | 1,106 |
Short term marketable securities | 552 | 186 |
Other current assets | 152 | 105 |
Total current assets | 3,967 | 5,258 |
Investments in available-for-sale securities and other cost investments | 1,343 | 1,819 |
Investments in affiliates, accounted for using the equity method | 1,225 | 851 |
Property and equipment, at cost | 2,201 | 2,170 |
Intangible Assets Total | 13,903 | ' |
Accumulated depreciation | -995 | -935 |
Property and equipment, net | 1,206 | 1,235 |
Intangible assets not subject to amortization (note 9): | ' | ' |
Goodwill | 9,553 | 9,556 |
Trademarks | 4,350 | 4,324 |
Indefinite Lived Intangible Assets Total | 13,903 | 13,880 |
Intangible assets subject to amortization, net (note 9) | 2,624 | 3,117 |
Other assets, at cost, net of accumulated amortization | 102 | 95 |
Total assets | 24,370 | 26,255 |
Liabilities and Equity | ' | ' |
Accounts payable | 682 | 719 |
Accrued liabilities | 794 | 918 |
Intergroup payable (receivable) | 0 | ' |
Debt, Current | 1,366 | 1,638 |
Deferred income tax liabilities | 942 | 912 |
Other current liabilities | 210 | 302 |
Total current liabilities | 3,994 | 4,489 |
Long-term Debt, Excluding Current Maturities | 5,668 | 6,246 |
Deferred income tax liabilities | 2,894 | 3,209 |
Other liabilities | 255 | 260 |
Total liabilities | 12,811 | 14,204 |
Equity | ' | ' |
Preferred stock, $.01 par value. Authorized 50,000,000 shares; no shares issued | 0 | 0 |
Additional paid-in capital | 1,478 | 2,225 |
Accumulated other comprehensive earnings, net of taxes | 126 | 148 |
Retained earnings | 5,444 | 5,184 |
Total stockholders' equity | 7,053 | 7,562 |
Noncontrolling interests in equity of subsidiaries | 4,506 | 4,489 |
Total equity | 11,559 | 12,051 |
Commitments and contingencies (note 12) | ' | ' |
Total liabilities and equity | 24,370 | 26,255 |
Ventures Group [Member] | ' | ' |
Assets, Current | ' | ' |
Cash and cash equivalents | 526 | 1,961 |
Trade and other receivables, net | 190 | ' |
Inventory, net | 0 | ' |
Short term marketable securities | 552 | ' |
Other current assets | 19 | ' |
Investments in available-for-sale securities and other cost investments | 1,339 | 1,815 |
Investments in affiliates, accounted for using the equity method | 890 | 547 |
Intangible Assets Total | 5,515 | ' |
Property and equipment, net | 25 | ' |
Intangible assets not subject to amortization (note 9): | ' | ' |
Intangible assets subject to amortization, net (note 9) | 968 | ' |
Other assets, at cost, net of accumulated amortization | 17 | ' |
Total assets | 10,041 | ' |
Liabilities and Equity | ' | ' |
Accounts payable | 41 | ' |
Accrued liabilities | 113 | ' |
Intergroup payable (receivable) | -78 | ' |
Debt, Current | 927 | ' |
Deferred income tax liabilities | 1,097 | ' |
Other current liabilities | 47 | ' |
Long-term Debt, Excluding Current Maturities | 1,272 | ' |
Deferred income tax liabilities | 1,736 | ' |
Other liabilities | 43 | ' |
Total liabilities | 5,198 | ' |
Equity | ' | ' |
Total stockholders' equity | 478 | ' |
Noncontrolling interests in equity of subsidiaries | 4,365 | ' |
Total liabilities and equity | 10,041 | ' |
Ventures Group [Member] | Common Class A [Member] | ' | ' |
Equity | ' | ' |
Common stock value | 0 | 0 |
Ventures Group [Member] | Common Class B [Member] | ' | ' |
Equity | ' | ' |
Common stock value | 0 | 0 |
Interactive Group [Member] | ' | ' |
Assets, Current | ' | ' |
Cash and cash equivalents | 455 | 699 |
Trade and other receivables, net | 764 | ' |
Inventory, net | 1,328 | ' |
Short term marketable securities | 0 | ' |
Other current assets | 288 | ' |
Investments in available-for-sale securities and other cost investments | 4 | 4 |
Investments in affiliates, accounted for using the equity method | 335 | 304 |
Intangible Assets Total | 8,388 | ' |
Property and equipment, net | 1,181 | ' |
Intangible assets not subject to amortization (note 9): | ' | ' |
Intangible assets subject to amortization, net (note 9) | 1,656 | ' |
Other assets, at cost, net of accumulated amortization | 85 | ' |
Total assets | 14,484 | ' |
Liabilities and Equity | ' | ' |
Accounts payable | 641 | ' |
Accrued liabilities | 681 | ' |
Intergroup payable (receivable) | 78 | ' |
Debt, Current | 439 | ' |
Deferred income tax liabilities | 0 | ' |
Other current liabilities | 163 | ' |
Long-term Debt, Excluding Current Maturities | 4,396 | ' |
Deferred income tax liabilities | 1,158 | ' |
Other liabilities | 212 | ' |
Total liabilities | 7,768 | ' |
Equity | ' | ' |
Total stockholders' equity | 6,575 | ' |
Noncontrolling interests in equity of subsidiaries | 141 | ' |
Total liabilities and equity | 14,484 | ' |
Interactive Group [Member] | Common Class A [Member] | ' | ' |
Equity | ' | ' |
Common stock value | 5 | 5 |
Interactive Group [Member] | Common Class B [Member] | ' | ' |
Equity | ' | ' |
Common stock value | 0 | 0 |
Inter-group Eliminations [Member] | ' | ' |
Assets, Current | ' | ' |
Cash and cash equivalents | 0 | ' |
Trade and other receivables, net | 0 | ' |
Inventory, net | 0 | ' |
Short term marketable securities | 0 | ' |
Other current assets | -155 | ' |
Investments in available-for-sale securities and other cost investments | ' | ' |
Investments in affiliates, accounted for using the equity method | 0 | ' |
Intangible Assets Total | 0 | ' |
Property and equipment, net | 0 | ' |
Intangible assets not subject to amortization (note 9): | ' | ' |
Intangible assets subject to amortization, net (note 9) | 0 | ' |
Other assets, at cost, net of accumulated amortization | 0 | ' |
Total assets | -155 | ' |
Liabilities and Equity | ' | ' |
Accounts payable | 0 | ' |
Accrued liabilities | 0 | ' |
Intergroup payable (receivable) | 0 | ' |
Debt, Current | 0 | ' |
Deferred income tax liabilities | -155 | ' |
Other current liabilities | 0 | ' |
Long-term Debt, Excluding Current Maturities | 0 | ' |
Deferred income tax liabilities | 0 | ' |
Other liabilities | 0 | ' |
Total liabilities | -155 | ' |
Equity | ' | ' |
Total stockholders' equity | 0 | ' |
Noncontrolling interests in equity of subsidiaries | 0 | ' |
Total liabilities and equity | ($155) | ' |
Condensed_Consolidated_Balance1
Condensed Consolidated Balance Sheets (Parenthetical) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Millions, except Share data, unless otherwise specified | ||
Allowance for Doubtful Accounts Receivable, Current | $82 | $79 |
Carrying value of debt measured at fair value | $2,236 | $2,443 |
Preferred stock, par or stated value per share | $0.01 | $0.01 |
Preferred stock, shares authorized | 50,000,000 | 50,000,000 |
Preferred stock, shares issued | 0 | 0 |
Preferred Stock, Shares Outstanding | 0 | 0 |
Interactive Group [Member] | Common Class A [Member] | ' | ' |
Common stock, par or stated value per share | $0.01 | $0.01 |
Common stock, shares authorized | 4,000,000,000 | 4,000,000,000 |
Common stock, shares issued | 483,312,332 | 516,009,627 |
Common stock, shares outstanding | 483,312,332 | 516,009,627 |
Interactive Group [Member] | Common Class B [Member] | ' | ' |
Common stock, par or stated value per share | $0.01 | $0.01 |
Common stock, shares authorized | 150,000,000 | 150,000,000 |
Common stock, shares issued | 28,893,353 | 28,942,403 |
Common stock, shares outstanding | 28,893,353 | 28,942,403 |
Ventures Group [Member] | Common Class A [Member] | ' | ' |
Common stock, par or stated value per share | $0.01 | $0.01 |
Common stock, shares authorized | 200,000,000 | 200,000,000 |
Common stock, shares issued | 35,351,042 | 35,355,434 |
Common stock, shares outstanding | 35,351,042 | 35,355,434 |
Ventures Group [Member] | Common Class B [Member] | ' | ' |
Common stock, par or stated value per share | $0.01 | $0.01 |
Common stock, shares authorized | 7,500,000 | 200,000,000 |
Common stock, shares issued | 1,442,689 | 1,446,916 |
Common stock, shares outstanding | 1,442,689 | 1,446,916 |
Condensed_Consolidated_Stateme
Condensed Consolidated Statements Of Operations (USD $) | 3 Months Ended | 9 Months Ended | ||
In Millions, except Per Share data, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Revenue: | ' | ' | ' | ' |
Net retail sales | $2,245 | $2,196 | $7,079 | $6,875 |
Other revenue | 255 | 0 | 732 | 0 |
Total revenue | 2,500 | 2,196 | 7,811 | 6,875 |
Revenue, Net | 2,500 | 2,196 | 7,811 | 6,875 |
Cost of sales (exclusive of depreciation shown separately below) | 1,437 | 1,407 | 4,511 | 4,361 |
Operating costs and expenses: | ' | ' | ' | ' |
Operating | 246 | 201 | 733 | 608 |
Selling, general and administrative, including stock-based compensation (note 4) | 358 | 213 | 1,086 | 693 |
Goodwill and Intangible Asset Impairment | -19 | 39 | 19 | 39 |
Depreciation and amortization | 235 | 147 | 702 | 437 |
Total operating costs and expenses | 2,295 | 2,007 | 7,051 | 6,138 |
Operating income (loss) | 205 | 189 | 760 | 737 |
Other income (expense): | ' | ' | ' | ' |
Interest expense | -87 | -111 | -288 | -324 |
Share of earnings of affiliates, net (note 8) | 29 | 43 | 25 | 89 |
Realized and unrealized gains on financial instruments, net (note 6) | 15 | -160 | -49 | -338 |
Gains (losses) on dispositions, net (note 8) | 0 | 0 | -2 | 288 |
Other, net | 3 | -2 | -50 | 31 |
Total other income (expense) | -40 | -230 | -364 | -254 |
Earnings (loss) from continuing operations before income taxes | 165 | -41 | 396 | 483 |
Income tax expense | -34 | 15 | -62 | -155 |
Net earnings (loss) | 131 | -26 | 334 | 328 |
Less net earnings (losses) attributable to the noncontrolling interests | 18 | 15 | 74 | 44 |
Net earnings (loss) attributable to Liberty Media Corporation shareholders | 113 | -41 | 260 | 284 |
Ventures Group [Member] | ' | ' | ' | ' |
Other income (expense): | ' | ' | ' | ' |
Net earnings (loss) attributable to Liberty Media Corporation shareholders | 36 | -48 | -21 | -48 |
Segment, Liberty Interactive [Member] | ' | ' | ' | ' |
Other income (expense): | ' | ' | ' | ' |
Net earnings (loss) attributable to Liberty Media Corporation shareholders | ' | -31 | ' | 294 |
Earnings (Loss) Per Common Share | ' | ' | ' | ' |
Earnings Per Share, Basic | ' | ($0.06) | ' | $0.53 |
Earnings Per Share, Diluted | ' | ($0.06) | ' | $0.52 |
Liberty Interactive [Member] | ' | ' | ' | ' |
Other income (expense): | ' | ' | ' | ' |
Net earnings (loss) attributable to Liberty Media Corporation shareholders | ' | ' | 281 | ' |
Interactive Group [Member] | ' | ' | ' | ' |
Other income (expense): | ' | ' | ' | ' |
Net earnings (loss) attributable to Liberty Media Corporation shareholders | 77 | 38 | ' | 38 |
Liberty Interactive [Member] | ' | ' | ' | ' |
Other income (expense): | ' | ' | ' | ' |
Share of earnings of affiliates, net (note 8) | ' | ' | 33 | 26 |
Liberty Ventures [Member] | ' | ' | ' | ' |
Other income (expense): | ' | ' | ' | ' |
Share of earnings of affiliates, net (note 8) | ' | ' | -8 | 63 |
Liberty Ventures [Member] | ' | ' | ' | ' |
Earnings (Loss) Per Common Share | ' | ' | ' | ' |
Earnings Per Share, Basic | $1 | ($1.66) | ($0.58) | ($1.66) |
Earnings Per Share, Diluted | $0.97 | ($1.60) | ($0.57) | ($1.60) |
Liberty Interactive [Member] | ' | ' | ' | ' |
Earnings (Loss) Per Common Share | ' | ' | ' | ' |
Earnings Per Share, Basic | $0.15 | $0.07 | $0.54 | $0.07 |
Earnings Per Share, Diluted | $0.15 | $0.07 | $0.53 | $0.07 |
Interactive Group [Member] | ' | ' | ' | ' |
Revenue: | ' | ' | ' | ' |
Net retail sales | 2,245 | 2,196 | 7,079 | 6,875 |
Other revenue | 0 | 0 | 0 | 0 |
Total revenue | 2,245 | 2,196 | 7,079 | 6,875 |
Revenue, Net | 2,245 | 2,196 | 7,079 | 6,875 |
Cost of sales (exclusive of depreciation shown separately below) | 1,437 | 1,407 | 4,511 | 4,361 |
Operating costs and expenses: | ' | ' | ' | ' |
Operating | 206 | 201 | 621 | 608 |
Selling, general and administrative, including stock-based compensation (note 4) | 228 | 209 | 734 | 688 |
Goodwill and Intangible Asset Impairment | ' | 39 | 19 | 39 |
Depreciation and amortization | 156 | 147 | 467 | 437 |
Total operating costs and expenses | 2,046 | 2,003 | 6,352 | 6,133 |
Operating income (loss) | 199 | 193 | 727 | 742 |
Other income (expense): | ' | ' | ' | ' |
Interest expense | -70 | -84 | -224 | -241 |
Share of earnings of affiliates, net (note 8) | 13 | 6 | 33 | 26 |
Realized and unrealized gains on financial instruments, net (note 6) | -18 | 14 | -1 | 39 |
Gains (losses) on dispositions, net (note 8) | ' | ' | -1 | 0 |
Other, net | -1 | 0 | -55 | -4 |
Total other income (expense) | -76 | -64 | -248 | -180 |
Earnings (loss) before income taxes | 123 | 129 | 479 | 562 |
Income tax expense | -38 | -65 | -165 | -226 |
Net earnings (loss) | 85 | 64 | 314 | 336 |
Less net earnings (losses) attributable to the noncontrolling interests | 8 | 15 | 33 | 44 |
Net earnings (loss) attributable to Liberty Media Corporation shareholders | 77 | 49 | 281 | 292 |
Ventures Group [Member] | ' | ' | ' | ' |
Revenue: | ' | ' | ' | ' |
Net retail sales | 0 | 0 | 0 | 0 |
Other revenue | 255 | 0 | 732 | 0 |
Total revenue | 255 | 0 | 732 | 0 |
Revenue, Net | 255 | 0 | 732 | 0 |
Cost of sales (exclusive of depreciation shown separately below) | 0 | 0 | 0 | 0 |
Operating costs and expenses: | ' | ' | ' | ' |
Operating | 40 | 0 | 112 | 0 |
Selling, general and administrative, including stock-based compensation (note 4) | 130 | 4 | 352 | 5 |
Goodwill and Intangible Asset Impairment | ' | 0 | 0 | 0 |
Depreciation and amortization | 79 | 0 | 235 | 0 |
Total operating costs and expenses | 249 | 4 | 699 | 5 |
Operating income (loss) | 6 | -4 | 33 | -5 |
Other income (expense): | ' | ' | ' | ' |
Interest expense | -17 | -27 | -64 | -83 |
Share of earnings of affiliates, net (note 8) | 16 | 37 | -8 | 63 |
Realized and unrealized gains on financial instruments, net (note 6) | 33 | -174 | -48 | -377 |
Gains (losses) on dispositions, net (note 8) | ' | ' | -1 | 288 |
Other, net | 4 | -2 | 5 | 35 |
Total other income (expense) | 36 | -166 | -116 | -74 |
Earnings (loss) before income taxes | 42 | -170 | -83 | -79 |
Income tax expense | 4 | 80 | 103 | 71 |
Net earnings (loss) | 46 | -90 | 20 | -8 |
Less net earnings (losses) attributable to the noncontrolling interests | 10 | 0 | 41 | 0 |
Net earnings (loss) attributable to Liberty Media Corporation shareholders | $36 | ($90) | ($21) | ($8) |
Condensed_Consolidated_Stateme1
Condensed Consolidated Statements Of Comprehensive Earnings (Loss) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Millions, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Net earnings (loss) | $131 | ($26) | $334 | $328 |
Other comprehensive earnings (loss), net of taxes: | ' | ' | ' | ' |
Foreign currency translation adjustments | 74 | 35 | -39 | -1 |
Unrealized holding (gains) losses arising during the period | 1 | 0 | 0 | 0 |
Share of other comprehensive earnings of equity affiliates | 0 | 1 | 0 | 0 |
Other comprehensive earnings (loss) | 75 | 36 | -39 | -1 |
Comprehensive earnings (loss) | 206 | 10 | 295 | 327 |
Less comprehensive earnings (loss) attributable to the noncontrolling interests | 22 | 18 | 57 | 41 |
Comprehensive earnings (loss) attributable to Liberty Media Corporation shareholders | 184 | -8 | 238 | 286 |
Segment, Liberty Interactive [Member] | ' | ' | ' | ' |
Other comprehensive earnings (loss), net of taxes: | ' | ' | ' | ' |
Comprehensive earnings (loss) attributable to Liberty Media Corporation shareholders | ' | -17 | ' | 277 |
Liberty Interactive [Member] | ' | ' | ' | ' |
Other comprehensive earnings (loss), net of taxes: | ' | ' | ' | ' |
Comprehensive earnings (loss) attributable to Liberty Media Corporation shareholders | 145 | 57 | 256 | 57 |
Liberty Ventures [Member] | ' | ' | ' | ' |
Other comprehensive earnings (loss), net of taxes: | ' | ' | ' | ' |
Comprehensive earnings (loss) attributable to Liberty Media Corporation shareholders | 39 | -48 | -18 | -48 |
Interactive Group [Member] | ' | ' | ' | ' |
Net earnings (loss) | 85 | 64 | 314 | 336 |
Ventures Group [Member] | ' | ' | ' | ' |
Net earnings (loss) | $46 | ($90) | $20 | ($8) |
Condensed_Consolidated_Stateme2
Condensed Consolidated Statements Of Cash Flows (USD $) | 9 Months Ended | |
In Millions, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 |
Net earnings (loss) | $334 | $328 |
Adjustments to reconcile net earnings to net cash provided by operating activities: | ' | ' |
Depreciation and amortization | 702 | 437 |
Stock-based compensation | 124 | 53 |
Cash payments for stock-based Compensation | -8 | -9 |
Share of (earnings) loss of affiliates, net | -25 | -89 |
Cash receipts from return on equity investments | 25 | 21 |
Realized and unrealized gains on financial instruments, net | 49 | 338 |
Losses (gains) on disposition of assets, net | 2 | -288 |
Goodwill and Intangible Asset Impairment | 19 | 39 |
Intergroup tax payments | 0 | ' |
Deferred income tax expense | -271 | -34 |
Other noncash charges (credits), net | 72 | -22 |
Intergroup tax allocation | 0 | 0 |
Changes in operating assets and liabilities | ' | ' |
Current and other assets | 15 | 162 |
Payables and other current liabilities | -287 | 8 |
Net cash provided by operating activities | 751 | 944 |
Cash flows from investing activities: | ' | ' |
Cash proceeds from dispositions | 1,136 | 348 |
Investments in and loans to cost and equity investees | -371 | -192 |
Capital expended for property and equipment | -217 | -237 |
Purchases of short-term and other marketable securities | 1,388 | 0 |
Net sales of short term investments | -725 | -46 |
Reattribution of cash | ' | 0 |
Other investing activities, net | -53 | -40 |
Net cash used by investing activities | -168 | -75 |
Cash flows from financing activities: | ' | ' |
Borrowings of debt | 3,718 | 2,043 |
Repayments of debt | -5,052 | -1,238 |
Shares repurchased by subsidiary | -142 | 0 |
Shares issued by subsidiary | 24 | 0 |
Intergroup payments | 0 | 0 |
Repurchases of Liberty common stock | -750 | -690 |
Other financing activities, net | -39 | -30 |
Net cash used by financing activities | -2,241 | 85 |
Effect of foreign currency exchange rates on cash | -21 | -8 |
Net increase in cash and cash equivalents | -1,679 | 946 |
Cash and cash equivalents at beginning of period | 2,660 | 847 |
Cash and cash equivalents at end of period | 981 | ' |
Interactive Group [Member] | ' | ' |
Net earnings (loss) | 314 | 336 |
Adjustments to reconcile net earnings to net cash provided by operating activities: | ' | ' |
Depreciation and amortization | 467 | 437 |
Stock-based compensation | 75 | 52 |
Cash payments for stock-based Compensation | -6 | ' |
Share of (earnings) loss of affiliates, net | -33 | -26 |
Cash receipts from return on equity investments | 11 | ' |
Realized and unrealized gains on financial instruments, net | 1 | -39 |
Losses (gains) on disposition of assets, net | 1 | ' |
Goodwill and Intangible Asset Impairment | 19 | 39 |
Intergroup tax payments | 30 | ' |
Deferred income tax expense | -143 | -119 |
Other noncash charges (credits), net | 67 | 11 |
Intergroup tax allocation | 49 | 156 |
Changes in operating assets and liabilities | ' | ' |
Current and other assets | 98 | 162 |
Payables and other current liabilities | -408 | 27 |
Net cash provided by operating activities | 542 | 1,035 |
Cash flows from investing activities: | ' | ' |
Cash proceeds from dispositions | 0 | 0 |
Investments in and loans to cost and equity investees | -4 | -60 |
Capital expended for property and equipment | -178 | -237 |
Purchases of short-term and other marketable securities | 0 | 0 |
Net sales of short term investments | 0 | -46 |
Reattribution of cash | ' | -1,346 |
Other investing activities, net | -19 | -41 |
Net cash used by investing activities | -201 | -292 |
Cash flows from financing activities: | ' | ' |
Borrowings of debt | 2,867 | 2,043 |
Repayments of debt | -2,645 | -1,123 |
Shares repurchased by subsidiary | 0 | ' |
Shares issued by subsidiary | 0 | ' |
Intergroup payments | 2 | 122 |
Repurchases of Liberty common stock | -750 | -690 |
Other financing activities, net | -38 | -30 |
Net cash used by financing activities | -564 | -1,024 |
Effect of foreign currency exchange rates on cash | -21 | -8 |
Net increase in cash and cash equivalents | -244 | -289 |
Cash and cash equivalents at beginning of period | 699 | 847 |
Cash and cash equivalents at end of period | 455 | ' |
Ventures Group [Member] | ' | ' |
Net earnings (loss) | 20 | -8 |
Adjustments to reconcile net earnings to net cash provided by operating activities: | ' | ' |
Depreciation and amortization | 235 | 0 |
Stock-based compensation | 49 | 1 |
Cash payments for stock-based Compensation | -2 | ' |
Share of (earnings) loss of affiliates, net | 8 | -63 |
Cash receipts from return on equity investments | 14 | ' |
Realized and unrealized gains on financial instruments, net | 48 | 377 |
Losses (gains) on disposition of assets, net | 1 | ' |
Goodwill and Intangible Asset Impairment | 0 | 0 |
Intergroup tax payments | -30 | ' |
Deferred income tax expense | -128 | 85 |
Other noncash charges (credits), net | 5 | -33 |
Intergroup tax allocation | -49 | -156 |
Changes in operating assets and liabilities | ' | ' |
Current and other assets | -83 | 0 |
Payables and other current liabilities | 121 | -19 |
Net cash provided by operating activities | 209 | -91 |
Cash flows from investing activities: | ' | ' |
Cash proceeds from dispositions | 1,136 | 348 |
Investments in and loans to cost and equity investees | -367 | -132 |
Capital expended for property and equipment | -39 | 0 |
Purchases of short-term and other marketable securities | 1,388 | 0 |
Net sales of short term investments | -725 | 0 |
Reattribution of cash | ' | 1,346 |
Other investing activities, net | -34 | 1 |
Net cash used by investing activities | 33 | 217 |
Cash flows from financing activities: | ' | ' |
Borrowings of debt | 851 | 0 |
Repayments of debt | -2,407 | -115 |
Shares repurchased by subsidiary | -142 | ' |
Shares issued by subsidiary | 24 | ' |
Intergroup payments | -2 | -122 |
Repurchases of Liberty common stock | 0 | 0 |
Other financing activities, net | -1 | 0 |
Net cash used by financing activities | -1,677 | 1,109 |
Effect of foreign currency exchange rates on cash | 0 | 0 |
Net increase in cash and cash equivalents | -1,435 | 1,235 |
Cash and cash equivalents at beginning of period | 1,961 | 0 |
Cash and cash equivalents at end of period | 526 | ' |
Interactive Group [Member] | ' | ' |
Adjustments to reconcile net earnings to net cash provided by operating activities: | ' | ' |
Cash payments for stock-based Compensation | ' | -9 |
Cash receipts from return on equity investments | ' | 8 |
Losses (gains) on disposition of assets, net | ' | 0 |
Ventures Group [Member] | ' | ' |
Adjustments to reconcile net earnings to net cash provided by operating activities: | ' | ' |
Cash payments for stock-based Compensation | ' | 0 |
Cash receipts from return on equity investments | ' | 13 |
Losses (gains) on disposition of assets, net | ' | -288 |
TripAdvisor, Inc. [Member] | ' | ' |
Adjustments to reconcile net earnings to net cash provided by operating activities: | ' | ' |
Stock-based compensation | 44 | ' |
TripAdvisor, Inc. [Member] | Ventures Group [Member] | ' | ' |
Cash flows from investing activities: | ' | ' |
Capital expended for property and equipment | ($39) | ' |
Condensed_Consolidated_Stateme3
Condensed Consolidated Statements Of Equity (USD $) | Total | Preferred Stock [Member] | Additional Paid-In Capital [Member] | Accumulated Other Comprehensive Earnings [Member] | Retained Earnings (Deficit) [Member] | Noncontrolling Interest In Equity Of Subsidiaries [Member] | Segment, Liberty Interactive [Member] | Interactive Group [Member] | Interactive Group [Member] | Interactive Group [Member] | Ventures Group [Member] | Ventures Group [Member] | Ventures Group [Member] | TripAdvisor, Inc. [Member] | TripAdvisor, Inc. [Member] | TripAdvisor, Inc. [Member] |
In Millions, unless otherwise specified | Common Class A [Member] | Common Class B [Member] | Common Class A [Member] | Common Class B [Member] | Additional Paid-In Capital [Member] | Noncontrolling Interest In Equity Of Subsidiaries [Member] | ||||||||||
Common Stock [Member] | Common Stock [Member] | Common Stock [Member] | Common Stock [Member] | |||||||||||||
Balance at Dec. 31, 2012 | $12,051 | $0 | $2,225 | $148 | $5,184 | $4,489 | ' | ' | $5 | $0 | ' | $0 | $0 | ' | ' | ' |
Increase (Decrease) in Stockholders' Equity [Roll Forward] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net Income (Loss) Attributable to Noncontrolling Interest | 74 | ' | ' | ' | ' | 74 | ' | 33 | ' | ' | 41 | ' | ' | ' | ' | ' |
Net Income (Loss) Attributable to Parent | 260 | ' | ' | ' | 260 | ' | ' | 281 | ' | ' | -21 | ' | ' | ' | ' | ' |
Net earnings (loss) | 334 | ' | ' | ' | ' | ' | ' | 314 | ' | ' | 20 | ' | ' | ' | ' | ' |
Comprehensive Income (Loss), Net of Tax, Attributable to Parent | 238 | ' | ' | -22 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Comprehensive Income (Loss), Net of Tax, Attributable to Noncontrolling Interest | 57 | ' | ' | ' | ' | -17 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Comprehensive earnings (loss) | -39 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Adjustments to Additional Paid in Capital, Share-based Compensation, Stock Options, Requisite Service Period Recognition | 103 | ' | 68 | ' | ' | 35 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Stock Issued During Period, Value, Stock Options Exercised | 3 | ' | 3 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Stock Repurchased During Period, Value | -750 | ' | -750 | ' | ' | ' | ' | ' | 0 | ' | ' | ' | ' | -142 | -61 | -81 |
Stock Issued During Period, Value, New Issues | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 24 | -7 | 31 |
Noncontrolling Interest, Decrease from Distributions to Noncontrolling Interest Holders | -25 | ' | 0 | ' | ' | -25 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Balance at Sep. 30, 2013 | 11,559 | 0 | 1,478 | 126 | 5,444 | 4,506 | ' | ' | 5 | 0 | ' | 0 | 0 | ' | ' | ' |
Balance at Jun. 30, 2013 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Increase (Decrease) in Stockholders' Equity [Roll Forward] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net Income (Loss) Attributable to Noncontrolling Interest | 18 | ' | ' | ' | ' | ' | ' | 8 | ' | ' | 10 | ' | ' | ' | ' | ' |
Net Income (Loss) Attributable to Parent | 113 | ' | ' | ' | ' | ' | ' | 77 | ' | ' | 36 | ' | ' | ' | ' | ' |
Net earnings (loss) | 131 | ' | ' | ' | ' | ' | ' | 85 | ' | ' | 46 | ' | ' | ' | ' | ' |
Comprehensive Income (Loss), Net of Tax, Attributable to Parent | 184 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Comprehensive Income (Loss), Net of Tax, Attributable to Noncontrolling Interest | 22 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Comprehensive earnings (loss) | 75 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Balance at Sep. 30, 2013 | $11,559 | $0 | ' | ' | ' | ' | ' | ' | ' | $0 | ' | $0 | $0 | ' | ' | ' |
Basis_Of_Presentation
Basis Of Presentation | 9 Months Ended |
Sep. 30, 2013 | |
Basis of Presentation [Abstract] | ' |
Business Description and Basis of Presentation [Text Block] | ' |
Basis of Presentation | |
The accompanying condensed consolidated financial statements include the accounts of Liberty Interactive Corporation and its controlled subsidiaries (collectively, "Liberty" or the "Company" unless the context otherwise requires). All significant intercompany accounts and transactions have been eliminated in consolidation. | |
Liberty, through its ownership of interests in subsidiaries and other companies, is primarily engaged in the video and on-line commerce industries in North America, Europe and Asia. | |
The accompanying (a) condensed consolidated balance sheet as of December 31, 2012, which has been derived from audited financial statements, and (b) the interim unaudited condensed consolidated financial statements have been prepared in accordance with U.S. generally accepted accounting principles ("GAAP") for interim financial information and the instructions to Form 10-Q and Article 10 of Regulation S-X as promulgated by the Securities and Exchange Commission. Accordingly, they do not include all of the information and footnotes required by GAAP for complete financial statements. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation of the results for such periods have been included. Certain amounts included in the accompanying financial statements for 2012 have been reclassified and adjusted to conform to the 2013 financial statement presentation. During the current period, due to the increased level of activity, we changed the presentation of Net sales (purchases) of short term investments and other marketable securities to present gross amounts in the consolidated statement of cash flows, in order to conform to GAAP requirements. The results of operations for any interim period are not necessarily indicative of results for the full year. These condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and notes thereto contained in Liberty's Annual Report on Form 10-K for the year ended December 31, 2012. | |
The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates. Liberty considers (i) fair value measurement, (ii) accounting for income taxes, (iii) assessments of other-than-temporary declines in fair value of its investments and (iv) estimates of retail-related adjustments and allowances to be its most significant estimates. | |
Liberty holds investments that are accounted for using the equity method. Liberty does not control the decision making process or business management practices of these affiliates. Accordingly, Liberty relies on management of these affiliates to provide it with accurate financial information prepared in accordance with GAAP that Liberty uses in the application of the equity method. In addition, Liberty relies on audit reports that are provided by the affiliates' independent auditors on the financial statements of such affiliates. The Company is not aware, however, of any errors in or possible misstatements of the financial information provided by its equity affiliates that would have a material effect on Liberty's condensed consolidated financial statements. | |
In September 2011, Liberty completed the split-off (the “Split-Off”) of its former wholly-owned subsidiary (then named Liberty Media Corporation), which at the time of the Split-Off held all of the businesses, assets and liabilities attributed to Liberty's then Capital and Starz tracking stock groups. In January 2013, this entity (now named Starz) spun-off (the “Spin-Off”) its former wholly-owned subsidiary, Liberty Media Corporation ("LMC"). Following the Split-Off and Spin-Off, Liberty, LMC and Starz each operate as separate publicly traded companies, none of which has any stock ownership, beneficial or otherwise, in the other. | |
In connection with the Split-Off, Liberty entered a Reorganization Agreement, a Services Agreement, a Facilities Sharing Agreement and a Tax Sharing Agreement with the split-off entity (now known as Starz). All of these agreements, with the exception of the Tax Sharing Agreement, were assigned by Starz to LMC in connection with the Spin-Off. The Reorganization Agreement provides for, among other things, provisions governing the relationship between Liberty and LMC following the Split-Off, including certain cross-indemnities. Pursuant to the Services Agreement, LMC provides Liberty with certain general and administrative services including legal, tax, accounting, treasury and investor relations support. Liberty reimburses LMC for direct, out-of-pocket expenses incurred by LMC in providing these services and for Liberty's allocable portion of costs associated with any shared services or personnel based on an estimated percentage of time spent providing services to Liberty. Under the Facilities Sharing Agreement, LMC shares office space and related amenities at its corporate headquarters with Liberty. Under these various agreements, approximately $4 million and $12 million of allocated expenses were reimbursable by Liberty to LMC for the three and nine months ended September 30, 2013, respectively, and approximately $4 million and $9 million for the three and nine months ended September 30, 2012, respectively. The Tax Sharing Agreement provides for the allocation and indemnification of tax liabilities and benefits between Liberty and Starz and other agreements related to tax matters. With respect to the Split-Off, the IRS has examined the transaction, and during 2012, the IRS and Liberty Interactive entered into a Closing Agreement which provides that the Split-Off qualified for tax-free treatment to Liberty and Starz. In April 2013, the IRS completed its review of the Spin-Off and notified the parties that it agreed with the nontaxable characterization of the transaction. | |
On December 11, 2012, we acquired approximately 4.8 million additional shares of common stock of TripAdvisor, Inc. ("TripAdvisor") (an additional 4% equity ownership interest), for $300 million, along with the right to control the vote of the shares of TripAdvisor's common stock and class B common stock we own. Following the transaction, we own approximately 22% of the equity and 57% of the total votes of all classes of TripAdvisor common stock. As this transaction resulted in Liberty gaining control of TripAdvisor, we applied the applicable purchase accounting guidance. The fair value of our ownership interest previously held and the fair value of the noncontrolling interest (Level 1) was determined based on the trading price of TripAdvisor common shares on the last trading day prior to our transaction. Additionally, the noncontrolling interest includes the fair value of TripAdvisor's fully vested options (Level 2) outstanding at the date of acquisition. Following the transaction date, TripAdvisor is a consolidated subsidiary with a 78% noncontrolling interest accounted for in equity and the condensed consolidated statements of operations. Other than a $30 million re-classification from the "Intangibles subject to amortization" line item to the "Trademarks" line item, there have been no significant changes to our purchase price allocation since December 31, 2012. | |
Liberty announced that its board has authorized management to pursue a plan to recapitalize (the "Recapitalization") its Liberty Interactive Group tracking stock into two new tracking stocks, one (currently the Liberty Interactive common stock) to be renamed the QVC Group common stock and the other to be designated as the Liberty Digital Commerce common stock. In the Recapitalization, record holders of Series A and Series B Liberty Interactive common stock would receive 1 share of the corresponding series of Liberty Digital Commerce common stock for each 10 shares of the renamed QVC Group common stock held by them as of the effective date. Liberty intends to attribute to the Liberty Digital Commerce Group its operating subsidiaries Provide Commerce, Inc., Backcountry.com, Inc., Bodybuilding.com, LLC, CommerceHub, Right Start and Evite along with cash and certain liabilities. The QVC Group, which is currently known as the Liberty Interactive Group, would have attributed to it Liberty's subsidiary QVC, Inc. and an approximate 38% interest in HSN, Inc. ("HSNi"), along with cash and certain liabilities. | |
Additionally, Liberty announced that its board has also authorized management to pursue a plan to spin-off to holders of its Liberty Ventures Group tracking stock shares of a newly formed company (the “Trip spin-off”) to be called Liberty TripAdvisor Holdings ("Trip Holdings"). Trip Holdings would be comprised of, among other things, Liberty's 22% economic and 57% voting interest in TripAdvisor, as well as Liberty's BuySeasons business, which is currently a part of Liberty's subsidiary Celebrate Interactive, LLC ("Celebrate Interactive"). BuySeasons would be reattributed from the Liberty Interactive Group to the Liberty Ventures Group prior to the Trip spin-off (or, if following the Recapitalization, from the new Liberty Digital Commerce Group to the Liberty Ventures Group) and cash equal to the fair market value of BuySeasons would be reattributed from the Liberty Ventures Group to the Liberty Interactive Group. The Evite business, also currently a part of Celebrate Interactive, would remain at Liberty attributed to the Liberty Interactive Group (or, assuming the completion of the Recapitalization, the new Liberty Digital Commerce Group). In the Trip spin-off, record holders of Series A and Series B Liberty Ventures common stock would receive 1 share of the corresponding series of Trip Holdings common stock for each share of the Liberty Ventures common stock held by them as of a to-be-determined record date. | |
The Recapitalization and the Trip spin-off will be subject to various conditions. The Recapitalization is subject to the requisite approval of the holders of Liberty Interactive common stock and Liberty Ventures common stock at a stockholders' meeting and the receipt of the opinion of tax counsel. The Trip spin-off is intended to be tax-free to stockholders of Liberty and its completion is conditioned upon the receipt of an IRS private letter ruling and an opinion of tax counsel. Subject to the satisfaction of these conditions and final board consideration and approval, the Recapitalization and Trip spin-off are expected to occur in the first half of 2014. However, neither the Recapitalization nor the Trip spin-off is conditioned on the other, and no assurance can be given as to which transaction will occur first, if at all. |
Tracking_Stock
Tracking Stock | 9 Months Ended |
Sep. 30, 2013 | |
Targeted or Tracking Stock, Stock [Line Items] | ' |
Targeted or Tracking Stock [Table Text Block] | ' |
Tracking Stocks | |
On August 9, 2012, Liberty completed the approved recapitalization (the "2012 recapitalization") of its common stock through the creation of the Liberty Interactive common stock and Liberty Ventures common stock as tracking stocks. In the 2012 recapitalization, each holder of Liberty Interactive Corporation common stock remained a holder of the same amount and series of Liberty Interactive common stock and received 0.05 of a share of the corresponding series of Liberty Ventures common stock, by means of a dividend, with cash issued in lieu of fractional shares of Liberty Ventures common stock. | |
A tracking stock is a type of common stock that the issuing company intends to reflect or "track" the economic performance of a particular business or "group," rather than the economic performance of the company as a whole. Liberty has two tracking stocks—Liberty Interactive common stock and Liberty Ventures common stock, which are intended to track and reflect the economic performance of the Interactive Group and Ventures Group, respectively. While the Interactive Group and the Ventures Group have separate collections of businesses, assets and liabilities attributed to them, no group is a separate legal entity and therefore cannot own assets, issue securities or enter into legally binding agreements. Holders of tracking stocks have no direct claim to the group's stock or assets and are not represented by separate boards of directors. Instead, holders of tracking stock are stockholders of the parent corporation, with a single board of directors and subject to all of the risks and liabilities of the parent corporation. | |
The term "Ventures Group" does not represent a separate legal entity, rather it represents those businesses, assets and liabilities that have been attributed to that group. The Ventures Group is primarily comprised of TripAdvisor, a consolidated subsidiary, and interests in Expedia, Inc., Interval Leisure Group, Inc., Tree.com, Inc., investments in Time Warner Inc. and Time Warner Cable Inc., as well as cash in the amount of approximately $526 million (at September 30, 2013). The Ventures Group also has attributed to it certain liabilities related to our corporate indebtedness (see note 9) and certain deferred tax liabilities. The Ventures Group is primarily focused on the maximization of the value of these investments and investing in new business opportunities. | |
The term "Interactive Group" does not represent a separate legal entity, rather it represents those businesses, assets and liabilities that have been attributed to that group. The Interactive Group is primarily focused on video and e-commerce operating businesses and has attributed to it the remainder of Liberty's businesses and assets, including operating subsidiaries QVC, Inc. ("QVC"), Provide Commerce, Inc., Backcountry.com, Inc., Bodybuilding.com, LLC, Celebrate Interactive Holdings, LLC and CommerceHub as well as interests in HSN, Inc., and cash of approximately $455 million (at September 30, 2013), which includes subsidiary cash. The Interactive Group has attributed to it liabilities that reside with QVC and the other entities listed as well certain liabilities related to our corporate indebtedness (see note 9) and certain deferred tax liabilities. | |
See Exhibit 99.1 to this Quarterly Report on Form 10-Q for unaudited attributed financial information for Liberty's tracking stock groups. |
StockBased_Compensation
Stock-Based Compensation | 9 Months Ended | |||||||||||||||||||||||||
Sep. 30, 2013 | ||||||||||||||||||||||||||
Share-based Compensation [Abstract] | ' | |||||||||||||||||||||||||
Stock-Based Compensation | ' | |||||||||||||||||||||||||
Stock-Based Compensation | ||||||||||||||||||||||||||
The Company has granted to certain of its directors, employees and employees of its subsidiaries stock appreciation rights ("SARs"), restricted stock grants and options to purchase shares of Liberty common stock (collectively, "Awards"). The Company measures the cost of employee services received in exchange for an equity classified Award (such as stock options and restricted stock grants) based on the grant-date fair value of the Award, and recognizes that cost over the period during which the employee is required to provide service (usually the vesting period of the Award). The Company measures the cost of employee services received in exchange for a liability classified Award (such as stock appreciation rights that will be settled in cash) based on the current fair value of the Award, and remeasures the fair value of the Award at each reporting date. | ||||||||||||||||||||||||||
Included in the accompanying condensed consolidated statements of operations are the following amounts of stock-based compensation, a portion of which relates to TripAdvisor as discussed below: | ||||||||||||||||||||||||||
Three months ended | Nine months ended | |||||||||||||||||||||||||
September 30, | September 30, | |||||||||||||||||||||||||
2013 | 2012 | 2013 | 2012 | |||||||||||||||||||||||
(amounts in millions) | ||||||||||||||||||||||||||
Operating expense | $ | 7 | — | 20 | — | — | ||||||||||||||||||||
Selling, general and administrative expense | 31 | 18 | 104 | 53 | ||||||||||||||||||||||
$ | 38 | 18 | 124 | 53 | ||||||||||||||||||||||
During the nine months ended September 30, 2013, Liberty granted, primarily to QVC employees, 4.2 million options to purchase shares of Series A Liberty Interactive common stock. Such options had a weighted average grant-date fair value of $8.16 per share and vest semi-annually over the 4 year vesting period. | ||||||||||||||||||||||||||
The Company has calculated the grant-date fair value for all of its equity classified Awards and any subsequent remeasurement of its liability classified Awards using the Black-Scholes Model. The Company estimates the expected term of the Awards based on historical exercise and forfeiture data. The volatility used in the calculation for Awards is based on the historical volatility of Liberty's stock and the implied volatility of publicly traded Liberty options. The Company uses a zero dividend rate and the risk-free rate for Treasury Bonds with a term similar to that of the subject options. | ||||||||||||||||||||||||||
Liberty—Outstanding Awards | ||||||||||||||||||||||||||
The following tables present the number and weighted average exercise price ("WAEP") of the Awards to purchase Liberty Interactive and Liberty Ventures common stock granted to certain officers, employees and directors of the Company. | ||||||||||||||||||||||||||
Liberty Interactive | ||||||||||||||||||||||||||
Series A (000's) | WAEP | Series B (000's) | WAEP | |||||||||||||||||||||||
Outstanding at January 1, 2013 | 33,839 | $ | 16.92 | 432 | $ | 17.92 | ||||||||||||||||||||
Granted | 4,188 | $ | 21.08 | — | $ | — | ||||||||||||||||||||
Exercised | (3,836 | ) | $ | 12.84 | — | $ | — | |||||||||||||||||||
Forfeited/Cancelled | (544 | ) | $ | 15 | — | $ | — | |||||||||||||||||||
Outstanding at September 30, 2013 | 33,647 | $ | 17.93 | 432 | $ | 17.92 | ||||||||||||||||||||
Exercisable at September 30, 2013 | 14,055 | $ | 16.17 | 432 | $ | 17.92 | ||||||||||||||||||||
Liberty Ventures | ||||||||||||||||||||||||||
Series A (000's) | WAEP | Series B (000's) | WAEP | |||||||||||||||||||||||
Outstanding at January 1, 2013 | 1,155 | $ | 56.26 | 22 | $ | 46.69 | ||||||||||||||||||||
Granted | — | $ | — | — | $ | — | ||||||||||||||||||||
Exercised | (98 | ) | $ | 48.81 | — | $ | — | |||||||||||||||||||
Forfeited/Cancelled | (1 | ) | $ | 43.48 | — | $ | — | |||||||||||||||||||
Outstanding at September 30, 2013 | 1,056 | $ | 56.96 | 22 | $ | 46.69 | ||||||||||||||||||||
Exercisable at September 30, 2013 | 444 | $ | 54.82 | 22 | $ | 46.69 | ||||||||||||||||||||
The following table provides additional information about outstanding Awards to purchase Liberty Interactive and Liberty Ventures common stock at September 30, 2013. | ||||||||||||||||||||||||||
No. of | WAEP of | Weighted | Aggregate | No. of | WAEP of | Weighted | Aggregate | |||||||||||||||||||
outstanding | outstanding | average | intrinsic | exercisable | exercisable | average | intrinsic | |||||||||||||||||||
Awards (000's) | Awards | remaining | value | Awards | Awards | remaining | value | |||||||||||||||||||
life | (000's) | (000's) | life | (000's) | ||||||||||||||||||||||
Series A Liberty Interactive | 33,647 | $ | 17.93 | 5.1 years | $ | 186,764 | 14,055 | $ | 16.17 | 4.1 years | $ | 102,874 | ||||||||||||||
Series B Liberty Interactive | 432 | $ | 17.92 | 1.7 years | $ | 2,523 | 432 | $ | 17.92 | 1.7 years | $ | 2,523 | ||||||||||||||
Series A Liberty Ventures | 1,056 | $ | 56.96 | 5.0 years | $ | 32,988 | 444 | $ | 54.82 | 4.2 years | $ | 14,835 | ||||||||||||||
Series B Liberty Ventures | 22 | $ | 46.69 | 1.7 years | $ | 931 | 22 | $ | 46.69 | 1.7 years | $ | 931 | ||||||||||||||
As of September 30, 2013, the total unrecognized compensation cost related to unvested Liberty outstanding equity Awards was approximately $125 million, including compensation associated with the option exchange that occured in December 2012. Such amount will be recognized in the Company's consolidated statements of operations over a weighted average period of approximately 2.3 years. | ||||||||||||||||||||||||||
TripAdvisor - Stock-based Compensation | ||||||||||||||||||||||||||
During the nine months ended September 30, 2013, TripAdvisor issued 2.8 million of primarily service based stock options under their 2011 Incentive Plan with a weighted average estimated grant-date fair value per option of $28.11. As of September 30, 2013, TripAdvisor has 9.7 million options outstanding of which 3.5 million are exercisable. TripAdvisor stock-based compensation for the three and nine months ended September 30, 2013 was approximately $14 million and $44 million, respectively. As of September 30, 2013, the total unrecognized compensation cost related to unvested TripAdvisor stock options was approximately $112 million and will be recognized over a weighted average period of approximately 3.5 years. | ||||||||||||||||||||||||||
Additionally, during the nine months ended September 30, 2013, TripAdvisor granted 1.1 million service based RSUs under their 2011 Incentive Plan for which the fair value was measured based on the quoted price of TripAdvisor common stock at the date of grant. As of September 30, 2013, the total unrecognized compensation cost related to 1.1 million unvested TripAdvisor RSUs was approximately $39 million and will be recognized over a weighted average period of approximately 3.3 years. | ||||||||||||||||||||||||||
Other | ||||||||||||||||||||||||||
Certain of the Company's other subsidiaries have stock based compensation plans under which employees and non-employees are granted options or similar stock based awards. Awards made under these plans vest and become exercisable over various terms. The awards and compensation recorded, if any, under these plans is not significant to Liberty. |
Earnings_Loss_Per_Common_Share
Earnings (Loss) Per Common Share | 9 Months Ended | ||||||||
Sep. 30, 2013 | |||||||||
Earnings Per Share [Text Block] | ' | ||||||||
Earnings (Loss) Per Common Share | |||||||||
Basic earnings (loss) per common share ("EPS") is computed by dividing net earnings (loss) by the weighted average number of common shares outstanding for the period. Diluted EPS presents the dilutive effect on a per share basis of potential common shares as if they had been converted at the beginning of the periods presented. | |||||||||
Series A and Series B Liberty Interactive Corporation Common Stock | |||||||||
The basic and diluted EPS calculation for Liberty Interactive Corporation prior to the recapitalization is based on the following number of weighted average shares outstanding. Excluded from diluted EPS, for the three and nine months ended September 30, 2012, prior to the 2012 recapitalization, are 7 million potential common shares because their inclusion would be antidilutive. As discussed in more detail in note 2, Liberty Interactive Corporation common stock was recapitalized through the creation of the Liberty Interactive common stock and Liberty Ventures common stock as tracking stocks during the third quarter of 2012. Therefore, there is no Liberty Interactive Corporation common stock outstanding at September 30, 2013. | |||||||||
Liberty Interactive Corporation Common Stock | |||||||||
July 1, 2012 through August 9, 2012 | January 1, 2012 through August 9, 2012 | ||||||||
number of shares in millions | |||||||||
Basic EPS | 542 | 559 | |||||||
Potentially dilutive shares | 10 | 9 | |||||||
Diluted EPS | 552 | 568 | |||||||
Series A and Series B Liberty Interactive Common Stock | |||||||||
Liberty completed a recapitalization on August 9, 2012, whereby each holder of then-existing Liberty Interactive Corporation common stock became a holder of the same number of shares of Liberty Interactive common stock. Excluded from diluted EPS, for the three and nine months ended September 30, 2013, are less than a million potential common shares because their inclusion would be antidilutive. | |||||||||
Liberty Interactive Common Stock | |||||||||
Three months ended | Nine months ended | August 9, 2012 through September 30, 2012 | |||||||
30-Sep-13 | 30-Sep-13 | ||||||||
number of shares in millions | |||||||||
Basic EPS | 513 | 524 | 542 | ||||||
Potentially dilutive shares | 10 | 8 | 10 | ||||||
Diluted EPS | 523 | 532 | 552 | ||||||
Series A and Series B Liberty Ventures Common Stock | |||||||||
Liberty completed a recapitalization on August 9, 2012, whereby each holder of then-existing Liberty Interactive Corporation common stock received 0.05 of a share of the corresponding series of Liberty Ventures common stock, by means of a dividend, with cash paid in lieu of fractional shares of Liberty Ventures common stock. Excluded from diluted EPS, for the three and nine months ended September 30, 2013, are less than a million potential common shares because their inclusion would be antidilutive. | |||||||||
Liberty Ventures Common Stock | |||||||||
Three months ended | Nine months ended | August 9, 2012 through September 30, 2012 | |||||||
30-Sep-13 | 30-Sep-13 | ||||||||
number of shares in millions | |||||||||
Basic EPS | 36 | 36 | 29 | ||||||
Potentially dilutive shares | 1 | 1 | 1 | ||||||
Diluted EPS | 37 | 37 | 30 | ||||||
Ventures Group [Member] | ' | ||||||||
Earnings (Loss) Per Common Share | ' | ||||||||
Series A and Series B Liberty Ventures Common Stock | |||||||||
Liberty completed a recapitalization on August 9, 2012, whereby each holder of then-existing Liberty Interactive Corporation common stock received 0.05 of a share of the corresponding series of Liberty Ventures common stock, by means of a dividend, with cash paid in lieu of fractional shares of Liberty Ventures common stock. Excluded from diluted EPS, for the three and nine months ended September 30, 2013, are less than a million potential common shares because their inclusion would be antidilutive. | |||||||||
Liberty Ventures Common Stock | |||||||||
Three months ended | Nine months ended | August 9, 2012 through September 30, 2012 | |||||||
30-Sep-13 | 30-Sep-13 | ||||||||
number of shares in millions | |||||||||
Basic EPS | 36 | 36 | 29 | ||||||
Potentially dilutive shares | 1 | 1 | 1 | ||||||
Diluted EPS | 37 | 37 | 30 | ||||||
Interactive Group [Member] | ' | ||||||||
Earnings (Loss) Per Common Share | ' | ||||||||
Series A and Series B Liberty Interactive Common Stock | |||||||||
Liberty completed a recapitalization on August 9, 2012, whereby each holder of then-existing Liberty Interactive Corporation common stock became a holder of the same number of shares of Liberty Interactive common stock. Excluded from diluted EPS, for the three and nine months ended September 30, 2013, are less than a million potential common shares because their inclusion would be antidilutive. | |||||||||
Liberty Interactive Common Stock | |||||||||
Three months ended | Nine months ended | August 9, 2012 through September 30, 2012 | |||||||
30-Sep-13 | 30-Sep-13 | ||||||||
number of shares in millions | |||||||||
Basic EPS | 513 | 524 | 542 | ||||||
Potentially dilutive shares | 10 | 8 | 10 | ||||||
Diluted EPS | 523 | 532 | 552 | ||||||
Assets_And_Liabilities_Measure
Assets And Liabilities Measured At Fair Value | 9 Months Ended | ||||||||||||
Sep. 30, 2013 | |||||||||||||
Assets And Liabilities Measured At Fair Value | ' | ||||||||||||
Assets And Liabilities Measured At Fair Value | ' | ||||||||||||
Assets and Liabilities Measured at Fair Value | |||||||||||||
For assets and liabilities required to be reported at fair value, GAAP provides a hierarchy that prioritizes inputs to valuation techniques used to measure fair value into three broad levels. Level 1 inputs are quoted market prices in active markets for identical assets or liabilities that the reporting entity has the ability to access at the measurement date. Level 2 inputs are inputs, other than quoted market prices included within Level 1, that are observable for the asset or liability, either directly or indirectly. Level 3 inputs are unobservable inputs for the asset or liability. | |||||||||||||
The Company's assets and liabilities measured at fair value are as follows: | |||||||||||||
Fair Value Measurements at September 30, 2013 | |||||||||||||
Description | Total | Quoted prices | Significant other | Significant | |||||||||
in active markets | observable | unobservable | |||||||||||
for identical assets | inputs | inputs | |||||||||||
(Level 1) | (Level 2) | (Level 3) | |||||||||||
amounts in millions | |||||||||||||
Cash equivalents | $ | 600 | 600 | — | — | ||||||||
Short term marketable securities | $ | 552 | — | 552 | — | ||||||||
Available-for-sale securities | $ | 1,339 | 899 | 440 | — | ||||||||
Debt | $ | 2,236 | — | 2,236 | — | ||||||||
The majority of the Company's Level 2 financial assets and liabilities are debt instruments with quoted market prices that are not considered to be traded on "active markets," as defined in GAAP. | |||||||||||||
Realized and Unrealized Gains (Losses) on Financial Instruments | |||||||||||||
Realized and unrealized gains (losses) on financial instruments are comprised of changes in the fair value of the following: | |||||||||||||
Three months ended | Nine months ended | ||||||||||||
September 30, | September 30, | ||||||||||||
2013 | 2012 | 2013 | 2012 | ||||||||||
amounts in millions | |||||||||||||
Fair Value Option Securities | $ | 31 | 237 | 367 | 418 | ||||||||
Exchangeable senior debentures | (15 | ) | (293 | ) | (431 | ) | (510 | ) | |||||
Other derivatives (a) | (1 | ) | (104 | ) | 15 | (246 | ) | ||||||
$ | 15 | (160 | ) | (49 | ) | (338 | ) | ||||||
(a) | In the first quarter of 2012, we entered into a forward contract to sell 12 million Expedia, Inc. shares at approximately $34 per share. The derivative contract was in a liability position in the prior year as the stock price of Expedia, Inc. shares had increased since the inception of the derivative contract and resulted in a recognition of unrealized losses on the contract in the prior year. The contract was settled during the fourth quarter of 2012. |
Investments_In_AvailableForSal
Investments In Available-For-Sale Securities And Other Cost Investments | 9 Months Ended | ||||||
Sep. 30, 2013 | |||||||
Investments In Available-For-Sale Securities And Other Cost Investments | ' | ||||||
Investments in available-for-sale securities and other cost investments | ' | ||||||
Investments in Available-for-Sale Securities and Other Cost Investments | |||||||
All marketable equity and debt securities held by the Company are classified as available-for-sale ("AFS") and are carried at fair value based on quoted market prices. GAAP permits entities to choose to measure many financial instruments, such as AFS securities, and certain other items at fair value and to recognize the changes in fair value of such instruments in the entity's statement of operations (the "fair value option"). In prior years, Liberty entered into economic hedges for certain of its non-strategic AFS securities (although such instruments were not accounted for as fair value hedges by the Company). Changes in the fair value of these economic hedges were reflected in Liberty's statements of operations as unrealized gains (losses). In order to better match the changes in fair value of the subject AFS securities and the changes in fair value of the corresponding economic hedges in the Company's financial statements, Liberty elected the fair value option for those of its AFS securities which it considered to be non-strategic ("Fair Value Option Securities"). Accordingly, changes in the fair value of Fair Value Option Securities, as determined by quoted market prices, are reported in realized and unrealized gains (losses) on financial instruments in the accompanying condensed consolidated statements of operations. | |||||||
Investments in AFS securities, the majority of which are considered Fair Value Option Securities, and other cost investments are summarized as follows: | |||||||
September 30, | December 31, 2012 | ||||||
2013 | |||||||
amounts in millions | |||||||
Interactive Group | |||||||
Other cost investments | $ | 4 | 4 | ||||
Total attributed Interactive Group | 4 | 4 | |||||
Ventures Group | |||||||
Time Warner Inc. (1) | 289 | 1,042 | |||||
Time Warner Cable Inc. | 610 | 531 | |||||
AOL Inc. (1) | — | 59 | |||||
TripAdvisor AFS securities | 164 | 99 | |||||
Other AFS investments | 276 | 84 | |||||
Total attributed Ventures Group | 1,339 | 1,815 | |||||
Consolidated Liberty | $ | 1,343 | 1,819 | ||||
(1) Liberty sold 17.4 million shares of Time Warner Inc. and 2.0 million shares of AOL Inc. for proceeds of $1,099 million during the three months ended June 30, 2013 in connection with the redemption of the 3.125% Exchangeable Senior Debentures, as discussed in note 9. |
Investments_In_Affiliates_Acco
Investments In Affiliates Accounted For Using The Equity Method | 9 Months Ended | |||||||||||||
Sep. 30, 2013 | ||||||||||||||
Investments In Affiliates Accounted For Using The Equity Method | ' | |||||||||||||
Investments In Affiliates Accounted For Using The Equity Method | ' | |||||||||||||
Investments in Affiliates Accounted for Using the Equity Method | ||||||||||||||
Liberty has various investments accounted for using the equity method. The following table includes Liberty's carrying amount, fair value, and percentage ownership of the more significant investments in affiliates at September 30, 2013 and the carrying amount at December 31, 2012: | ||||||||||||||
September 30, 2013 | December 31, 2012 | |||||||||||||
Percentage | Fair value (Level 1) | Carrying | Carrying | |||||||||||
ownership | amount | amount | ||||||||||||
dollars in millions | ||||||||||||||
Interactive Group | ||||||||||||||
HSN, Inc. | 38 | % | $ | 1,073 | $ | 283 | 242 | |||||||
Other | various | NA | 52 | 62 | ||||||||||
Total Interactive Group | 335 | 304 | ||||||||||||
Ventures Group | ||||||||||||||
Expedia, Inc. (1) | 17 | % | 1,196 | 465 | 431 | |||||||||
Other (2) | various | NA | 425 | 116 | ||||||||||
Total Ventures Group | 890 | 547 | ||||||||||||
Consolidated Liberty | $ | 1,225 | 851 | |||||||||||
-1 | Liberty's 22% owned consolidated subsidiary TripAdvisor, Inc. earned revenue of approximately $56 million and $171 million for the three and nine months ended September 30, 2013, respectively, and $57 million and $164 million for the three and nine months ended September 30, 2012, respectively, from Expedia, Inc. (TripAdvisor's former parent). | |||||||||||||
-2 | Liberty invested $300 million in a solar energy plant on September 30, 2013. Liberty expects to receive a portion of the initial investment back within a year as the entity expects to receive grant proceeds and other favorable tax attributes once the solar plant is operational. Similar to some of Liberty's other alternative energy investments, the Company expects to record the Company's share of losses of the solar plant initially but expects to record the impacts of favorable tax attributes (primarily accelerated depreciation) as a current tax benefit with an offsetting deferred tax expense in the tax expense (benefit) line item in the Statement of Operations. | |||||||||||||
The following table presents Liberty's share of earnings (losses) of affiliates: | ||||||||||||||
Three months ended September 30, | Nine months ended September 30, | |||||||||||||
2013 | 2012 | 2013 | 2012 | |||||||||||
amounts in millions | ||||||||||||||
Interactive Group | ||||||||||||||
HSN, Inc. | $ | 15 | 10 | 46 | 34 | |||||||||
Other | (2 | ) | (4 | ) | (13 | ) | (8 | ) | ||||||
Total Interactive Group | 13 | 6 | 33 | 26 | ||||||||||
Ventures Group | ||||||||||||||
Expedia, Inc. | 27 | 41 | 17 | 65 | ||||||||||
TripAdvisor, Inc. (1) | NA | 10 | NA | 33 | ||||||||||
Other | (11 | ) | (14 | ) | (25 | ) | (35 | ) | ||||||
Total Ventures Group | 16 | 37 | (8 | ) | 63 | |||||||||
Consolidated Liberty | $ | 29 | 43 | 25 | 89 | |||||||||
-1 | On December 11, 2012, we acquired approximately 4.8 million additional shares of common stock of TripAdvisor (an additional 4% equity ownership interest), for $300 million, and obtained voting control of TripAdvisor. Following the date of this transaction, TripAdvisor is accounted for as a consolidated subsidiary. See note 1 for additional details of this transaction. |
Intangible_Assets
Intangible Assets | 9 Months Ended | ||||||||||||
Sep. 30, 2013 | |||||||||||||
Goodwill and Intangible Assets Disclosure [Abstract] | ' | ||||||||||||
Intangible Assets | ' | ||||||||||||
Intangible Assets | |||||||||||||
Goodwill | |||||||||||||
Changes in the carrying amount of goodwill are as follows: | |||||||||||||
QVC | E-commerce | TripAdvisor | Total | ||||||||||
amounts in millions | |||||||||||||
Balance at January 1, 2013 | $ | 5,349 | 558 | 3,649 | 9,556 | ||||||||
Foreign currency translation adjustments | (29 | ) | — | — | (29 | ) | |||||||
Acquisitions (1) | — | (10 | ) | 36 | 26 | ||||||||
Balance at September 30, 2013 | $ | 5,320 | 548 | 3,685 | 9,553 | ||||||||
-1 | The $36 million increase to TripAdvisor goodwill during the period is primarily attributable to certain acquisitions made by TripAdvisor during the nine months ended September 30, 2013 and to a lesser extent certain purchase price allocation adjustments recorded in connection with our acquisition of a controlling interest in TripAdvisor during December 2012. | ||||||||||||
Intangible Assets Subject to Amortization | |||||||||||||
Amortization expense for intangible assets with finite useful lives was $201 million and $589 million for the three and nine months ended September 30, 2013, respectively, and $114 million and $331 million for the three and nine months ended September 30, 2012, respectively. Based on its amortizable intangible assets as of September 30, 2013, Liberty expects that amortization expense will be as follows for the next five years (amounts in millions): | |||||||||||||
Remainder of 2013 | $ | 207 | |||||||||||
2014 | $ | 738 | |||||||||||
2015 | $ | 637 | |||||||||||
2016 | $ | 520 | |||||||||||
2017 | $ | 366 | |||||||||||
LongTerm_Debt
Long-Term Debt | 9 Months Ended | |||||||||||
Sep. 30, 2013 | ||||||||||||
Long-term Debt, Unclassified [Abstract] | ' | |||||||||||
Long-Term Debt | ' | |||||||||||
Long-Term Debt | ||||||||||||
Debt is summarized as follows: | ||||||||||||
Outstanding principal at September 30, 2013 | Carrying value | |||||||||||
September 30, 2013 | December 31, 2012 | |||||||||||
amounts in millions | ||||||||||||
Interactive Group | ||||||||||||
5.7% Senior Notes due May 2013 | $ | — | — | 240 | ||||||||
8.5% Senior Debentures due 2029 | 287 | 285 | 285 | |||||||||
8.25% Senior Debentures due 2030 | 505 | 501 | 501 | |||||||||
1% Exchangeable Senior Debentures due 2043 | 400 | 413 | — | |||||||||
QVC 7.125% Senior Secured Notes due 2017 | — | — | 500 | |||||||||
QVC 7.5% Senior Secured Notes due 2019 | 769 | 760 | 988 | |||||||||
QVC 7.375% Senior Secured Notes due 2020 | 500 | 500 | 500 | |||||||||
QVC 5.125% Senior Secured Notes due 2022 | 500 | 500 | 500 | |||||||||
QVC 4.375% Senior Secured Notes due 2023 | 750 | 750 | — | |||||||||
QVC 5.95% Senior Secured Notes due 2043 | 300 | 300 | — | |||||||||
QVC Bank Credit Facilities | 673 | 673 | 903 | |||||||||
Other subsidiary debt | 153 | 153 | 125 | |||||||||
Total Interactive Group | 4,837 | 4,835 | 4,542 | |||||||||
Ventures Group | ||||||||||||
3.125% Exchangeable Senior Debentures due 2023 | — | — | 1,639 | |||||||||
4% Exchangeable Senior Debentures due 2029 | 439 | 277 | 311 | |||||||||
3.75% Exchangeable Senior Debentures due 2030 | 439 | 276 | 297 | |||||||||
3.5% Exchangeable Senior Debentures due 2031 | 363 | 308 | 292 | |||||||||
3.25% Exchangeable Senior Debentures due 2031 | — | — | 391 | |||||||||
0.75% Exchangeable Senior Debentures due 2043 | 850 | 962 | — | |||||||||
TripAdvisor Debt Facilities | 376 | 376 | 412 | |||||||||
Total Ventures Group debt | 2,467 | 2,199 | 3,342 | |||||||||
Total consolidated Liberty debt | $ | 7,304 | 7,034 | 7,884 | ||||||||
Less current classification | (1,366 | ) | (1,638 | ) | ||||||||
Total long-term debt | $ | 5,668 | 6,246 | |||||||||
QVC Bank Credit Facilities | ||||||||||||
On March 1, 2013, QVC entered into an amended and restated syndicated senior secured credit agreement which served to refinance QVC's existing bank credit facility (the “Amended and Restated Credit Agreement”). The Amended and Restated Credit Agreement is a multi-currency facility providing for a $2 billion revolving credit facility, with a $250 million sub-limit for standby letters of credit and $1 billion of uncommitted incremental revolving loan commitments or incremental term loans. The loans are scheduled to mature on March 1, 2018. The covenants contained in the Amended and Restated Credit Agreement are substantially similar to those contained in QVC's previously existing bank credit facility. Borrowings under the Amended and Restated Credit Agreement bear interest at either the alternate base rate or LIBOR (based on an interest period selected by QVC of one week, one month, two months, three months or six months, or to the extent available from all lenders, nine months or twelve months) at QVC's election in each case plus a margin. Borrowings that are alternate base rate loans will bear interest at a per annum rate equal to the base rate plus a margin that varies between 0.25% and 1.00% depending on QVC's ratio of consolidated total debt to consolidated Adjusted OIBDA (the “consolidated leverage ratio”). Borrowings that are LIBOR loans will bear interest at a per annum rate equal to the applicable LIBOR plus a margin that varies between 1.25% and 2.00% depending on QVC's consolidated leverage ratio. Each loan may be prepaid at any time and from time to time without penalty other than customary breakage costs. Any amounts prepaid on the revolving facility may be reborrowed. The Amended and Restated Credit Agreement is secured by the stock of QVC. Availability under the QVC Amended and Restated Credit Agreement at September 30, 2013 was $1,327 million. QVC was in compliance with all debt covenants related to the Amended and Restated Credit Agreement at September 30, 2013. | ||||||||||||
QVC Senior Secured Notes | ||||||||||||
On March 4, 2013, QVC announced the commencement of cash tender offers (the “Offers”) for any and all of its outstanding $500 million in aggregate principal amount of 7.125% senior secured notes due 2017 (the “7.125% Senior Notes”) and up to $250 million in aggregate principal amount of its 7.5% senior secured notes due 2019 (the “7.5% Senior Notes”). The Offer for the 7.125% Senior Notes expired on March 15, 2013, and the Offer for the 7.5% Senior Notes expired on April 1, 2013. Approximately $124 million of the 7.125% Senior Notes were tendered pursuant to the Offers, whereby holders of the 7.125% Senior Notes received consideration of $1,039.40 for each $1,000 principal amount of tendered 7.125% Senior Notes purchased pursuant to the Offers. QVC called the remaining $376 million principal of its 7.125% Senior Notes at $1,035.63 for each $1,000 principal amount of 7.125% Senior Notes on April 17, 2013. Approximately $231 million of the 7.5% Senior Notes were tendered pursuant to the Offers. The total consideration for the 7.5% Senior Notes was $1,120 for each $1,000 principal amount of tendered 7.5% Senior Notes. | ||||||||||||
On March 18, 2013, QVC completed the offering of $750 million principal amount of new 4.375% senior secured notes due 2023 and $300 million principal amount of new 5.95% senior secured notes due 2043 (collectively, the “Notes”). The Notes are secured by a first-priority lien on QVC's capital stock, pari passu with the Amended and Restated Credit Agreement and QVC's existing notes. The net proceeds from the offering of the Notes were used to fund the Offers, repay outstanding amounts on QVC's existing bank credit facility and, via dividend from QVC, retire Liberty's 5.7% Senior Notes due May 2013, and for general corporate purposes. | ||||||||||||
As a result of these refinancing transactions, QVC recorded extinguishment losses of $57 million for the nine months ended September 30, 2013, which is recorded in other, net in the Company's statements of operations. | ||||||||||||
QVC was in compliance with all of its debt covenants related to its outstanding senior notes at September 30, 2013. | ||||||||||||
QVC Interest Rate Swap Arrangements | ||||||||||||
In March 2013, QVC's notional interest rate swaps of $3.1 billion expired. These swap arrangements did not qualify as cash flow hedges under GAAP. Accordingly, changes in the fair value of the swaps were reflected in realized and unrealized gains or losses on financial instruments in the accompanying condensed consolidated statements of operations. | ||||||||||||
Interactive Exchangeable Senior Debentures | ||||||||||||
On September 9, 2013, Liberty LLC, a wholly owned subsidiary of Liberty, issued $400 million aggregate original principal amount of the 1% Exchangeable Senior Debentures due 2043 (the "HSNi Exchangeables"). The HSNi Exchangeables mature on September 30, 2043 and interest on the HSNi Exchangeables accrues at an annual rate of 1% of the original principal amount of $1,000 per debenture, payable quarterly in arrears on March 31, June 30, September 30 and December 31 of each year, commencing December 31, 2013. Each $1,000 original principal amount of HSNi Exchangeables is initially exchangeable for 13.4580 shares of common stock of HSNi (the "HSNi Reference Shares"). | ||||||||||||
Each of the HSNi Exchangeables is exchangeable at the option of the holder after the calendar quarter ending March 31, 2014, upon achieving certain trading prices of the underlying HSNi Reference Shares. Upon exchange, holders of HSNi Exchangeables will be entitled to receive the HSNi Reference Shares attributable to such HSNi Exchangeables or, at the election of Liberty LLC, cash or a combination of HSNi Reference Shares and cash having a value equal to such HSNi Reference Shares. For purposes of the HSNi Exchangeables, Liberty LLC is treated as an affiliate of HSNi under the Securities Act. Therefore, for as long as Liberty LLC is treated as an affiliate of HSNi for purposes of the HSNi Exchangeables, any reference shares consisting of HSNi common stock (or common stock of any other reference company of which Liberty LLC is treated as an affiliate for purposes of the HSNi Exchangeables) delivered by Liberty LLC upon exchange or purchase of a HSNi Exchangeables will be "restricted securities" under the Securities Act and subject to restrictions on transfer. Liberty LLC may deliver HSNi Reference Shares upon exchange or purchase of the HSNi Exchangeables only if (1) permitted under certain contractual arrangements between the Company and HSNi and (2) such Reference Shares would be freely transferable by the holders of the HSNi Reference Shares (other than by affiliates of HSNi) under the Securities Act, or if not freely transferable, there is at that time an effective registration statement under a registration rights agreement that Liberty LLC has with HSNi (or such other Reference Company) pursuant to which the recipients of such HSNi Reference Shares may sell those shares in a registered transaction under the Securities Act. | ||||||||||||
Liberty LLC will make an additional distribution on the HSNi Exchangeables if HSNi makes a distribution of cash (an “Excess Regular Cash Dividend”) in excess of the regular quarterly cash dividend of $0.18, currently paid by the HSNi, securities (other than publicly traded common equity securities) or other property with respect to the HSNi Reference Shares. The principal amount of the HSNi Exchangeables will not be reduced by any amount we pay that corresponds to any Excess Regular Cash Dividends on the HSNi Reference Shares. | ||||||||||||
On October 5, 2016, Liberty LLC may, at its option, redeem the HSNi Exchangeables, in whole or in part, in each case at a redemption price, in cash, equal to the adjusted principal amount of the HSNi Exchangeables plus accrued and unpaid interest to the date of redemption plus any final period distribution. Additionally, as of such date, holders may tender HSNi Exchangeables for purchase by Liberty LLC, at a purchase price equal to the adjusted principal amount plus accrued and unpaid interest to the purchase date plus any final period distribution. Liberty LLC may pay the purchase price, at its election, in cash or through delivery of HSNi Reference Shares (subject to the restrictions discussed previously ) having a value equal to the purchase price or a combination of HSNi Reference Shares and cash. If Liberty LLC makes a partial redemption, HSNi Exchangeables in an aggregate original principal amount of at least $100 million must remain outstanding. | ||||||||||||
Due to the restrictions on the delivery of HSNi shares and exchangeability of the debentures at the option of the holder beyond March 31, 2014, Liberty has classified the HSNi Exchangeables as a current liability in the Balance Sheet. Liberty has elected to account for the HSNi Exchangeables using the fair value option. Accordingly, changes in the fair value of this instrument are recognized as unrealized gains (losses) in the statements of operations. | ||||||||||||
Ventures Exchangeable Senior Debentures | ||||||||||||
During the nine months ended September 30, 2013, Liberty retired all outstanding 3.25% Exchangeable Senior Debentures due 2031. Liberty paid approximately $414 million to retire the outstanding principal balance. | ||||||||||||
On April 9, 2013, Liberty's wholly owned subsidiary, Liberty Interactive LLC, called for the redemption of all the outstanding 3.125% Exchangeable Senior Debentures due 2023 ("3.125% Exchangeable Senior Debentures") on May 9, 2013 (the "redemption date"). In accordance with the redemption provisions of the 3.125% Exchangeable Senior Debentures and the related indenture, the 3.125% Exchangeable Senior Debentures were redeemed at a redemption price of approximately $1,667 for each $1,000 principal amount outstanding, which was equal to the sum of (i) the adjusted principal amount of such debenture in effect on the redemption date, (ii) any accrued and unpaid interest on such debenture to the redemption date and (iii) subject to certain conditions, any final period distribution on such debenture. Interest on the debentures ceased accruing on and after the redemption date. Liberty had the option to satisfy the value of the exchange in cash, Time Warner Inc., Time Warner Cable Inc. and AOL, Inc. common stock, or a combination thereof. All of the outstanding 3.125% Exchangeable Senior Debentures were redeemed prior to June 30, 2013, using cash provided by the Debentures (defined below) and cash provided by the sale of shares of Time Warner Inc. and AOL, Inc. common stock. | ||||||||||||
Also on April 9, 2013, Liberty Interactive LLC, a wholly owned subsidiary Liberty, completed the offer and sale of $850 million aggregate original principal amount of Liberty Interactive LLC's 0.75% Exchangeable Senior Debentures due 2043 (the “Debentures”) in a private placement transaction. The Debentures mature on March 30, 2043. Interest on the Debentures will accrue from April 9, 2013 at an annual rate of 0.75% of the original principal amount of $1,000 per Debenture, payable quarterly in arrears on March 30, June 30, September 30 and December 30 of each year, commencing June 30, 2013. Each $1,000 original principal amount of Debentures is initially exchangeable for a basket of 6.3040 shares of common stock of Time Warner Cable Inc. and 5.1635 shares of common stock of Time Warner Inc., which may change over time to include other publicly traded common equity securities that may be distributed on or in respect of those shares of Time Warner Cable Inc. and Time Warner Inc. (or into which any of those securities may be converted or exchanged). This basket of shares for which each Debenture in the original principal amount of $1,000 may be exchanged is referred to as the Reference Shares attributable to such Debenture, and to each issuer of Reference Shares as a Reference Company. Each Debenture is exchangeable at the option of the holder at any time, upon which they will be entitled to receive the Reference Shares attributable to such Debenture or, at the election of Liberty Interactive LLC, cash or a combination of Reference Shares and cash having a value equal to such Reference Shares. Upon exchange, holders will not be entitled to any cash payment representing accrued interest or outstanding additional distributions. Liberty has elected to account for this instrument using the fair value option. Accordingly, changes in the fair value of this instrument are recognized as unrealized gains (losses) in the statements of operations. | ||||||||||||
Other Subsidiary Debt | ||||||||||||
Other subsidiary debt at September 30, 2013 is comprised of capitalized satellite transponder lease obligations and bank debt of certain subsidiaries. | ||||||||||||
Fair Value of Debt | ||||||||||||
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 (Level 2). The fair value of Liberty's publicly traded debt securities that are not reported at fair value in the accompanying condensed consolidated balance sheet at September 30, 2013 are as follows (amounts in millions): | ||||||||||||
Senior debentures | $ | 837 | ||||||||||
QVC senior secured notes | $ | 2,828 | ||||||||||
Due to the variable rate nature, Liberty believes that the carrying amount of its other debt, not discussed above, approximated fair value at September 30, 2013. |
Stockholders_Equity
Stockholders' Equity | 9 Months Ended |
Sep. 30, 2013 | |
Stockholders' Equity Note [Abstract] | ' |
Stockholders' Equity | ' |
Stockholders' Equity | |
As of September 30, 2013, Liberty reserved for issuance upon exercise of outstanding stock options approximately 33.6 million shares of Series A Liberty Interactive common stock, 432,000 shares of Series B Liberty Interactive common stock, 1.1 million shares of Series A Liberty Ventures common stock and 22,000 shares of Series B Liberty Ventures common stock. | |
In addition to the Series A and Series B Liberty Interactive and Liberty Ventures common stock there are 4 billion shares of Series C Liberty Interactive and 200 million shares of Series C Liberty Ventures common stock authorized for issuance. As of September 30, 2013, no shares of any Series C Liberty Interactive and Liberty Ventures common stock were issued or outstanding. |
Commitments_And_Contingencies
Commitments And Contingencies | 9 Months Ended |
Sep. 30, 2013 | |
Commitments and Contingencies Disclosure [Abstract] | ' |
Commitments And Contingencies | ' |
Commitments and Contingencies | |
Litigation | |
Liberty has contingent liabilities related to legal and tax proceedings and other matters arising in the ordinary course of business. Although it is reasonably possible Liberty may incur losses upon conclusion of such matters, an estimate of any loss or range of loss cannot be made. In the opinion of management, it is expected that amounts, if any, which may be required to satisfy such contingencies will not be material in relation to the accompanying condensed consolidated financial statements. |
Information_About_Libertys_Ope
Information About Liberty's Operating Segments | 9 Months Ended | ||||||||||||
Sep. 30, 2013 | |||||||||||||
Information About Liberty's Operating Segments | ' | ||||||||||||
Information About Liberty's Operating Segments | ' | ||||||||||||
Information About Liberty's Operating Segments | |||||||||||||
Liberty, through its ownership interests in subsidiaries and other companies, is primarily engaged in the video and on-line commerce industries. Liberty identifies its reportable segments as (A) those consolidated subsidiaries that represent 10% or more of its consolidated annual revenue, annual Adjusted OIBDA or total assets and (B) those equity method affiliates whose share of earnings represent 10% or more of Liberty's annual pre-tax earnings. The segment presentation for prior periods has been conformed to the current period segment presentation. | |||||||||||||
Liberty evaluates performance and makes decisions about allocating resources to its operating segments based on financial measures such as revenue, Adjusted OIBDA, gross margin, average sales price per unit, number of units shipped and revenue or sales per customer equivalent. In addition, Liberty reviews nonfinancial measures such as unique website visitors, conversion rates and active customers, as appropriate. | |||||||||||||
Liberty defines Adjusted OIBDA as revenue less cost of sales, operating expenses, and selling, general and administrative expenses excluding all stock-based compensation. Liberty believes this measure is an important indicator of the operational strength and performance of its businesses, including each business's ability to service debt and fund capital expenditures. In addition, this measure allows management to view operating results and perform analytical comparisons and benchmarking between businesses and identify strategies to improve performance. This measure of performance excludes depreciation and amortization, stock-based compensation and restructuring and impairment charges that are included in the measurement of operating income pursuant to GAAP. Accordingly, Adjusted OIBDA should be considered in addition to, but not as a substitute for, operating income, net income, cash flow provided by operating activities and other measures of financial performance prepared in accordance with GAAP. Liberty generally accounts for intersegment sales and transfers as if the sales or transfers were to third parties, that is, at current prices. | |||||||||||||
For the nine months ended September 30, 2013, Liberty has identified the following consolidated subsidiaries as its reportable segments: | |||||||||||||
• | QVC - consolidated subsidiary that markets and sells a wide variety of consumer products in the United States and several foreign countries, primarily by means of its televised shopping programs and via the Internet through its domestic and international websites and mobile applications. | ||||||||||||
• | TripAdvisor, Inc. - a consolidated subsidiary that is an online travel research company that empowers users to plan and maximize their travel experience. | ||||||||||||
Additionally, for presentation purposes, Liberty is providing financial information of the E-commerce businesses on an aggregated basis. The consolidated E-commerce businesses do not contribute significantly to the overall operations of Liberty on an individual basis; however, Liberty believes that on an aggregated basis they provide relevant information for users of these financial statements. While these businesses may not meet the aggregation criteria under relevant accounting literature Liberty believes the information is relevant and helpful for a more complete understanding of the consolidated results. | |||||||||||||
• | E-commerce - the aggregation of certain consolidated subsidiaries that market and sell a wide variety of consumer products via the Internet. Categories of consumer products include perishable and personal gift offerings (Provide Commerce, Inc.), active lifestyle gear and clothing (Backcountry.com, Inc.), fitness and health goods (Bodybuilding.com, LLC), celebration offerings from invitations to costumes (Celebrate Interactive Holdings LLC) and a drop-ship solutions company (CommerceHub). | ||||||||||||
Liberty's operating segments are strategic business units that offer different products and services. They are managed separately because each segment requires different technologies, distribution channels and marketing strategies. The accounting policies of the segments that are also consolidated subsidiaries are the same as those described in the Company's summary of significant accounting policies in the Annual Report on Form 10-K for the year ended December 31, 2012. | |||||||||||||
Performance Measures | |||||||||||||
Nine months ended September 30, | |||||||||||||
2013 | 2012 | ||||||||||||
Revenue | Adjusted | Revenue | Adjusted | ||||||||||
OIBDA | OIBDA | ||||||||||||
amounts in millions | |||||||||||||
Interactive Group | |||||||||||||
QVC | $ | 5,882 | 1,246 | 5,824 | 1,225 | ||||||||
E-commerce | 1,197 | 60 | 1,051 | 61 | |||||||||
Corporate and other | — | (18 | ) | — | (16 | ) | |||||||
Total Interactive Group | 7,079 | 1,288 | 6,875 | 1,270 | |||||||||
Ventures Group | |||||||||||||
TripAdvisor, Inc. | 732 | 326 | — | — | |||||||||
Corporate and other | — | (9 | ) | — | (4 | ) | |||||||
Total Ventures Group | 732 | 317 | — | (4 | ) | ||||||||
Consolidated Liberty | $ | 7,811 | 1,605 | 6,875 | 1,266 | ||||||||
Three months ended September 30, | |||||||||||||
2013 | 2012 | ||||||||||||
Revenue | Adjusted | Revenue | Adjusted | ||||||||||
OIBDA | OIBDA | ||||||||||||
amounts in millions | |||||||||||||
Interactive Group | |||||||||||||
QVC | $ | 1,947 | 408 | 1,918 | 397 | ||||||||
E-commerce | 298 | (5 | ) | 278 | 4 | ||||||||
Corporate and other | — | (7 | ) | — | (5 | ) | |||||||
Total Interactive Group | 2,245 | 396 | 2,196 | 396 | |||||||||
Ventures Group | |||||||||||||
TripAdvisor, Inc. | 255 | 104 | — | — | |||||||||
Corporate and other | — | (3 | ) | — | (3 | ) | |||||||
Total Ventures Group | 255 | 101 | — | (3 | ) | ||||||||
Consolidated Liberty | $ | 2,500 | 497 | 2,196 | 393 | ||||||||
Other Information | |||||||||||||
September 30, 2013 | |||||||||||||
Total | Investments | Capital | |||||||||||
assets | in | expenditures | |||||||||||
affiliates | |||||||||||||
amounts in millions | |||||||||||||
Interactive Group | |||||||||||||
QVC | $ | 12,811 | 52 | 122 | |||||||||
E-commerce | 1,229 | — | 56 | ||||||||||
Corporate and other | 444 | 283 | — | ||||||||||
Total Interactive Group | 14,484 | 335 | 178 | ||||||||||
Ventures Group | |||||||||||||
TripAdvisor | 7,325 | — | 39 | ||||||||||
Corporate and other | 2,716 | 890 | — | ||||||||||
Total Ventures Group | 10,041 | 890 | 39 | ||||||||||
Inter-group eliminations | (155 | ) | — | — | |||||||||
Consolidated Liberty | $ | 24,370 | 1,225 | 217 | |||||||||
The following table provides a reconciliation of segment Adjusted OIBDA to earnings (loss) from continuing operations before income taxes: | |||||||||||||
Three months ended | Nine months ended | ||||||||||||
30-Sep-13 | September 30, | ||||||||||||
2013 | 2012 | 2013 | 2012 | ||||||||||
amounts in millions | |||||||||||||
Consolidated segment Adjusted OIBDA | $ | 497 | 393 | 1,605 | 1,266 | ||||||||
Stock-based compensation | (38 | ) | (18 | ) | (124 | ) | (53 | ) | |||||
Impairment of intangible assets | (19 | ) | (39 | ) | (19 | ) | (39 | ) | |||||
Depreciation and amortization | (235 | ) | (147 | ) | (702 | ) | (437 | ) | |||||
Interest expense | (87 | ) | (111 | ) | (288 | ) | (324 | ) | |||||
Share of earnings (loss) of affiliates, net | 29 | 43 | 25 | 89 | |||||||||
Realized and unrealized gains (losses) on financial instruments, net | 15 | (160 | ) | (49 | ) | (338 | ) | ||||||
Gains (losses) on dispositions, net | — | — | (2 | ) | 288 | ||||||||
Other, net | 3 | (2 | ) | (50 | ) | 31 | |||||||
Earnings (loss) before income taxes | $ | 165 | (41 | ) | 396 | 483 | |||||||
StockBased_Compensation_Tables
Stock-Based Compensation (Tables) | 9 Months Ended | |||||||||||||||||||||||||
Sep. 30, 2013 | ||||||||||||||||||||||||||
Share-based Compensation [Abstract] | ' | |||||||||||||||||||||||||
Schedule Of Employee Service Share-Based Compensation, Allocation Of Recognized Period Costs | ' | |||||||||||||||||||||||||
Included in the accompanying condensed consolidated statements of operations are the following amounts of stock-based compensation, a portion of which relates to TripAdvisor as discussed below: | ||||||||||||||||||||||||||
Three months ended | Nine months ended | |||||||||||||||||||||||||
September 30, | September 30, | |||||||||||||||||||||||||
2013 | 2012 | 2013 | 2012 | |||||||||||||||||||||||
(amounts in millions) | ||||||||||||||||||||||||||
Operating expense | $ | 7 | — | 20 | — | — | ||||||||||||||||||||
Selling, general and administrative expense | 31 | 18 | 104 | 53 | ||||||||||||||||||||||
$ | 38 | 18 | 124 | 53 | ||||||||||||||||||||||
Table Presents The Number And Weighted Average Exercise Price (WAEP) Of Certain Options And SARs To Purchase Common Stock Granted To Certain Officers, Employees And Directors Of The Company | ' | |||||||||||||||||||||||||
The following tables present the number and weighted average exercise price ("WAEP") of the Awards to purchase Liberty Interactive and Liberty Ventures common stock granted to certain officers, employees and directors of the Company. | ||||||||||||||||||||||||||
Liberty Interactive | ||||||||||||||||||||||||||
Series A (000's) | WAEP | Series B (000's) | WAEP | |||||||||||||||||||||||
Outstanding at January 1, 2013 | 33,839 | $ | 16.92 | 432 | $ | 17.92 | ||||||||||||||||||||
Granted | 4,188 | $ | 21.08 | — | $ | — | ||||||||||||||||||||
Exercised | (3,836 | ) | $ | 12.84 | — | $ | — | |||||||||||||||||||
Forfeited/Cancelled | (544 | ) | $ | 15 | — | $ | — | |||||||||||||||||||
Outstanding at September 30, 2013 | 33,647 | $ | 17.93 | 432 | $ | 17.92 | ||||||||||||||||||||
Exercisable at September 30, 2013 | 14,055 | $ | 16.17 | 432 | $ | 17.92 | ||||||||||||||||||||
Liberty Ventures | ||||||||||||||||||||||||||
Series A (000's) | WAEP | Series B (000's) | WAEP | |||||||||||||||||||||||
Outstanding at January 1, 2013 | 1,155 | $ | 56.26 | 22 | $ | 46.69 | ||||||||||||||||||||
Granted | — | $ | — | — | $ | — | ||||||||||||||||||||
Exercised | (98 | ) | $ | 48.81 | — | $ | — | |||||||||||||||||||
Forfeited/Cancelled | (1 | ) | $ | 43.48 | — | $ | — | |||||||||||||||||||
Outstanding at September 30, 2013 | 1,056 | $ | 56.96 | 22 | $ | 46.69 | ||||||||||||||||||||
Exercisable at September 30, 2013 | 444 | $ | 54.82 | 22 | $ | 46.69 | ||||||||||||||||||||
Schedule Of Outstanding Options To Purchase Liberty Common Stock | ' | |||||||||||||||||||||||||
The following table provides additional information about outstanding Awards to purchase Liberty Interactive and Liberty Ventures common stock at September 30, 2013. | ||||||||||||||||||||||||||
No. of | WAEP of | Weighted | Aggregate | No. of | WAEP of | Weighted | Aggregate | |||||||||||||||||||
outstanding | outstanding | average | intrinsic | exercisable | exercisable | average | intrinsic | |||||||||||||||||||
Awards (000's) | Awards | remaining | value | Awards | Awards | remaining | value | |||||||||||||||||||
life | (000's) | (000's) | life | (000's) | ||||||||||||||||||||||
Series A Liberty Interactive | 33,647 | $ | 17.93 | 5.1 years | $ | 186,764 | 14,055 | $ | 16.17 | 4.1 years | $ | 102,874 | ||||||||||||||
Series B Liberty Interactive | 432 | $ | 17.92 | 1.7 years | $ | 2,523 | 432 | $ | 17.92 | 1.7 years | $ | 2,523 | ||||||||||||||
Series A Liberty Ventures | 1,056 | $ | 56.96 | 5.0 years | $ | 32,988 | 444 | $ | 54.82 | 4.2 years | $ | 14,835 | ||||||||||||||
Series B Liberty Ventures | 22 | $ | 46.69 | 1.7 years | $ | 931 | 22 | $ | 46.69 | 1.7 years | $ | 931 | ||||||||||||||
Earnings_Loss_Per_Common_Share1
Earnings (Loss) Per Common Share (Tables) | 9 Months Ended | ||||||||
Sep. 30, 2013 | |||||||||
Segment, Liberty Interactive [Member] | ' | ||||||||
Schedule of Weighted Average Number of Shares [Table Text Block] | ' | ||||||||
Series A and Series B Liberty Interactive Corporation Common Stock | |||||||||
The basic and diluted EPS calculation for Liberty Interactive Corporation prior to the recapitalization is based on the following number of weighted average shares outstanding. Excluded from diluted EPS, for the three and nine months ended September 30, 2012, prior to the 2012 recapitalization, are 7 million potential common shares because their inclusion would be antidilutive. As discussed in more detail in note 2, Liberty Interactive Corporation common stock was recapitalized through the creation of the Liberty Interactive common stock and Liberty Ventures common stock as tracking stocks during the third quarter of 2012. Therefore, there is no Liberty Interactive Corporation common stock outstanding at September 30, 2013. | |||||||||
Liberty Interactive Corporation Common Stock | |||||||||
July 1, 2012 through August 9, 2012 | January 1, 2012 through August 9, 2012 | ||||||||
number of shares in millions | |||||||||
Basic EPS | 542 | 559 | |||||||
Potentially dilutive shares | 10 | 9 | |||||||
Diluted EPS | 552 | 568 | |||||||
Interactive Group [Member] | ' | ||||||||
Schedule of Weighted Average Number of Shares [Table Text Block] | ' | ||||||||
Series A and Series B Liberty Interactive Common Stock | |||||||||
Liberty completed a recapitalization on August 9, 2012, whereby each holder of then-existing Liberty Interactive Corporation common stock became a holder of the same number of shares of Liberty Interactive common stock. Excluded from diluted EPS, for the three and nine months ended September 30, 2013, are less than a million potential common shares because their inclusion would be antidilutive. | |||||||||
Liberty Interactive Common Stock | |||||||||
Three months ended | Nine months ended | August 9, 2012 through September 30, 2012 | |||||||
30-Sep-13 | 30-Sep-13 | ||||||||
number of shares in millions | |||||||||
Basic EPS | 513 | 524 | 542 | ||||||
Potentially dilutive shares | 10 | 8 | 10 | ||||||
Diluted EPS | 523 | 532 | 552 | ||||||
Ventures Group [Member] | ' | ||||||||
Schedule of Weighted Average Number of Shares [Table Text Block] | ' | ||||||||
Series A and Series B Liberty Ventures Common Stock | |||||||||
Liberty completed a recapitalization on August 9, 2012, whereby each holder of then-existing Liberty Interactive Corporation common stock received 0.05 of a share of the corresponding series of Liberty Ventures common stock, by means of a dividend, with cash paid in lieu of fractional shares of Liberty Ventures common stock. Excluded from diluted EPS, for the three and nine months ended September 30, 2013, are less than a million potential common shares because their inclusion would be antidilutive. | |||||||||
Liberty Ventures Common Stock | |||||||||
Three months ended | Nine months ended | August 9, 2012 through September 30, 2012 | |||||||
30-Sep-13 | 30-Sep-13 | ||||||||
number of shares in millions | |||||||||
Basic EPS | 36 | 36 | 29 | ||||||
Potentially dilutive shares | 1 | 1 | 1 | ||||||
Diluted EPS | 37 | 37 | 30 | ||||||
Assets_And_Liabilities_Measure1
Assets And Liabilities Measured At Fair Value (Tables) | 9 Months Ended | ||||||||||||
Sep. 30, 2013 | |||||||||||||
Assets And Liabilities Measured At Fair Value | ' | ||||||||||||
Assets And Liabilities Measured At Fair Value On A Recurring Basis | ' | ||||||||||||
The Company's assets and liabilities measured at fair value are as follows: | |||||||||||||
Fair Value Measurements at September 30, 2013 | |||||||||||||
Description | Total | Quoted prices | Significant other | Significant | |||||||||
in active markets | observable | unobservable | |||||||||||
for identical assets | inputs | inputs | |||||||||||
(Level 1) | (Level 2) | (Level 3) | |||||||||||
amounts in millions | |||||||||||||
Cash equivalents | $ | 600 | 600 | — | — | ||||||||
Short term marketable securities | $ | 552 | — | 552 | — | ||||||||
Available-for-sale securities | $ | 1,339 | 899 | 440 | — | ||||||||
Debt | $ | 2,236 | — | 2,236 | — | ||||||||
Unrealized Gain (Loss) on Investments [Table Text Block] | ' | ||||||||||||
Realized and unrealized gains (losses) on financial instruments are comprised of changes in the fair value of the following: | |||||||||||||
Three months ended | Nine months ended | ||||||||||||
September 30, | September 30, | ||||||||||||
2013 | 2012 | 2013 | 2012 | ||||||||||
amounts in millions | |||||||||||||
Fair Value Option Securities | $ | 31 | 237 | 367 | 418 | ||||||||
Exchangeable senior debentures | (15 | ) | (293 | ) | (431 | ) | (510 | ) | |||||
Other derivatives (a) | (1 | ) | (104 | ) | 15 | (246 | ) | ||||||
$ | 15 | (160 | ) | (49 | ) | (338 | ) | ||||||
(a) | In the first quarter of 2012, we entered into a forward contract to sell 12 million Expedia, Inc. shares at approximately $34 per share. The derivative contract was in a liability position in the prior year as the stock price of Expedia, Inc. shares had increased since the inception of the derivative contract and resulted in a recognition of unrealized losses on the contract in the prior year. The contract was settled during the fourth quarter of 2012. |
Investments_In_AvailableForSal1
Investments In Available-For-Sale Securities And Other Cost Investments (Tables) | 9 Months Ended | ||||||
Sep. 30, 2013 | |||||||
Investments In Available-For-Sale Securities And Other Cost Investments | ' | ||||||
Schedule of Available-for-sale Securities Reconciliation | ' | ||||||
Investments in AFS securities, the majority of which are considered Fair Value Option Securities, and other cost investments are summarized as follows: | |||||||
September 30, | December 31, 2012 | ||||||
2013 | |||||||
amounts in millions | |||||||
Interactive Group | |||||||
Other cost investments | $ | 4 | 4 | ||||
Total attributed Interactive Group | 4 | 4 | |||||
Ventures Group | |||||||
Time Warner Inc. (1) | 289 | 1,042 | |||||
Time Warner Cable Inc. | 610 | 531 | |||||
AOL Inc. (1) | — | 59 | |||||
TripAdvisor AFS securities | 164 | 99 | |||||
Other AFS investments | 276 | 84 | |||||
Total attributed Ventures Group | 1,339 | 1,815 | |||||
Consolidated Liberty | $ | 1,343 | 1,819 | ||||
Investments_In_Affiliates_Acco1
Investments In Affiliates Accounted For Using The Equity Method (Tables) | 9 Months Ended | |||||||||||||
Sep. 30, 2013 | ||||||||||||||
Investments In Affiliates Accounted For Using The Equity Method | ' | |||||||||||||
Schedule Of Equity Ownership And Carrying Amount | ' | |||||||||||||
Liberty has various investments accounted for using the equity method. The following table includes Liberty's carrying amount, fair value, and percentage ownership of the more significant investments in affiliates at September 30, 2013 and the carrying amount at December 31, 2012: | ||||||||||||||
September 30, 2013 | December 31, 2012 | |||||||||||||
Percentage | Fair value (Level 1) | Carrying | Carrying | |||||||||||
ownership | amount | amount | ||||||||||||
dollars in millions | ||||||||||||||
Interactive Group | ||||||||||||||
HSN, Inc. | 38 | % | $ | 1,073 | $ | 283 | 242 | |||||||
Other | various | NA | 52 | 62 | ||||||||||
Total Interactive Group | 335 | 304 | ||||||||||||
Ventures Group | ||||||||||||||
Expedia, Inc. (1) | 17 | % | 1,196 | 465 | 431 | |||||||||
Other (2) | various | NA | 425 | 116 | ||||||||||
Total Ventures Group | 890 | 547 | ||||||||||||
Consolidated Liberty | $ | 1,225 | 851 | |||||||||||
-1 | Liberty's 22% owned consolidated subsidiary TripAdvisor, Inc. earned revenue of approximately $56 million and $171 million for the three and nine months ended September 30, 2013, respectively, and $57 million and $164 million for the three and nine months ended September 30, 2012, respectively, from Expedia, Inc. (TripAdvisor's former parent). | |||||||||||||
Schedule Of Liberty's Share Of Earnings (Losses) Of Affiliates | ' | |||||||||||||
The following table presents Liberty's share of earnings (losses) of affiliates: | ||||||||||||||
Three months ended September 30, | Nine months ended September 30, | |||||||||||||
2013 | 2012 | 2013 | 2012 | |||||||||||
amounts in millions | ||||||||||||||
Interactive Group | ||||||||||||||
HSN, Inc. | $ | 15 | 10 | 46 | 34 | |||||||||
Other | (2 | ) | (4 | ) | (13 | ) | (8 | ) | ||||||
Total Interactive Group | 13 | 6 | 33 | 26 | ||||||||||
Ventures Group | ||||||||||||||
Expedia, Inc. | 27 | 41 | 17 | 65 | ||||||||||
TripAdvisor, Inc. (1) | NA | 10 | NA | 33 | ||||||||||
Other | (11 | ) | (14 | ) | (25 | ) | (35 | ) | ||||||
Total Ventures Group | 16 | 37 | (8 | ) | 63 | |||||||||
Consolidated Liberty | $ | 29 | 43 | 25 | 89 | |||||||||
-1 | On December 11, 2012, we acquired approximately 4.8 million additional shares of common stock of TripAdvisor (an additional 4% equity ownership interest), for $300 million, and obtained voting control of TripAdvisor. Following the date of this transaction, TripAdvisor is accounted for as a consolidated subsidiary. See note 1 for additional details of this transaction. |
Intangible_Assets_Tables
Intangible Assets (Tables) | 9 Months Ended | ||||||||||||
Sep. 30, 2013 | |||||||||||||
Goodwill and Intangible Assets Disclosure [Abstract] | ' | ||||||||||||
Changes In The Carrying Amount Of Goodwill | ' | ||||||||||||
Changes in the carrying amount of goodwill are as follows: | |||||||||||||
QVC | E-commerce | TripAdvisor | Total | ||||||||||
amounts in millions | |||||||||||||
Balance at January 1, 2013 | $ | 5,349 | 558 | 3,649 | 9,556 | ||||||||
Foreign currency translation adjustments | (29 | ) | — | — | (29 | ) | |||||||
Acquisitions (1) | — | (10 | ) | 36 | 26 | ||||||||
Balance at September 30, 2013 | $ | 5,320 | 548 | 3,685 | 9,553 | ||||||||
Amortization Expense For The Next Five Fiscal Years | ' | ||||||||||||
Based on its amortizable intangible assets as of September 30, 2013, Liberty expects that amortization expense will be as follows for the next five years (amounts in millions): | |||||||||||||
Remainder of 2013 | $ | 207 | |||||||||||
2014 | $ | 738 | |||||||||||
2015 | $ | 637 | |||||||||||
2016 | $ | 520 | |||||||||||
2017 | $ | 366 | |||||||||||
LongTerm_Debt_Tables
Long-Term Debt (Tables) | 9 Months Ended | |||||||||||
Sep. 30, 2013 | ||||||||||||
Long-term Debt, Unclassified [Abstract] | ' | |||||||||||
Debt Excluding Intergroup Debt | ' | |||||||||||
Debt is summarized as follows: | ||||||||||||
Outstanding principal at September 30, 2013 | Carrying value | |||||||||||
September 30, 2013 | December 31, 2012 | |||||||||||
amounts in millions | ||||||||||||
Interactive Group | ||||||||||||
5.7% Senior Notes due May 2013 | $ | — | — | 240 | ||||||||
8.5% Senior Debentures due 2029 | 287 | 285 | 285 | |||||||||
8.25% Senior Debentures due 2030 | 505 | 501 | 501 | |||||||||
1% Exchangeable Senior Debentures due 2043 | 400 | 413 | — | |||||||||
QVC 7.125% Senior Secured Notes due 2017 | — | — | 500 | |||||||||
QVC 7.5% Senior Secured Notes due 2019 | 769 | 760 | 988 | |||||||||
QVC 7.375% Senior Secured Notes due 2020 | 500 | 500 | 500 | |||||||||
QVC 5.125% Senior Secured Notes due 2022 | 500 | 500 | 500 | |||||||||
QVC 4.375% Senior Secured Notes due 2023 | 750 | 750 | — | |||||||||
QVC 5.95% Senior Secured Notes due 2043 | 300 | 300 | — | |||||||||
QVC Bank Credit Facilities | 673 | 673 | 903 | |||||||||
Other subsidiary debt | 153 | 153 | 125 | |||||||||
Total Interactive Group | 4,837 | 4,835 | 4,542 | |||||||||
Ventures Group | ||||||||||||
3.125% Exchangeable Senior Debentures due 2023 | — | — | 1,639 | |||||||||
4% Exchangeable Senior Debentures due 2029 | 439 | 277 | 311 | |||||||||
3.75% Exchangeable Senior Debentures due 2030 | 439 | 276 | 297 | |||||||||
3.5% Exchangeable Senior Debentures due 2031 | 363 | 308 | 292 | |||||||||
3.25% Exchangeable Senior Debentures due 2031 | — | — | 391 | |||||||||
0.75% Exchangeable Senior Debentures due 2043 | 850 | 962 | — | |||||||||
TripAdvisor Debt Facilities | 376 | 376 | 412 | |||||||||
Total Ventures Group debt | 2,467 | 2,199 | 3,342 | |||||||||
Total consolidated Liberty debt | $ | 7,304 | 7,034 | 7,884 | ||||||||
Less current classification | (1,366 | ) | (1,638 | ) | ||||||||
Total long-term debt | $ | 5,668 | 6,246 | |||||||||
Debt Securities That Are Not Reported At Fair Value | ' | |||||||||||
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 (Level 2). The fair value of Liberty's publicly traded debt securities that are not reported at fair value in the accompanying condensed consolidated balance sheet at September 30, 2013 are as follows (amounts in millions): | ||||||||||||
Senior debentures | $ | 837 | ||||||||||
QVC senior secured notes | $ | 2,828 | ||||||||||
Information_About_Libertys_Ope1
Information About Liberty's Operating Segments (Tables) | 9 Months Ended | ||||||||||||
Sep. 30, 2013 | |||||||||||||
Information About Liberty's Operating Segments | ' | ||||||||||||
Performance Measures By Segment | ' | ||||||||||||
Performance Measures | |||||||||||||
Nine months ended September 30, | |||||||||||||
2013 | 2012 | ||||||||||||
Revenue | Adjusted | Revenue | Adjusted | ||||||||||
OIBDA | OIBDA | ||||||||||||
amounts in millions | |||||||||||||
Interactive Group | |||||||||||||
QVC | $ | 5,882 | 1,246 | 5,824 | 1,225 | ||||||||
E-commerce | 1,197 | 60 | 1,051 | 61 | |||||||||
Corporate and other | — | (18 | ) | — | (16 | ) | |||||||
Total Interactive Group | 7,079 | 1,288 | 6,875 | 1,270 | |||||||||
Ventures Group | |||||||||||||
TripAdvisor, Inc. | 732 | 326 | — | — | |||||||||
Corporate and other | — | (9 | ) | — | (4 | ) | |||||||
Total Ventures Group | 732 | 317 | — | (4 | ) | ||||||||
Consolidated Liberty | $ | 7,811 | 1,605 | 6,875 | 1,266 | ||||||||
Three months ended September 30, | |||||||||||||
2013 | 2012 | ||||||||||||
Revenue | Adjusted | Revenue | Adjusted | ||||||||||
OIBDA | OIBDA | ||||||||||||
amounts in millions | |||||||||||||
Interactive Group | |||||||||||||
QVC | $ | 1,947 | 408 | 1,918 | 397 | ||||||||
E-commerce | 298 | (5 | ) | 278 | 4 | ||||||||
Corporate and other | — | (7 | ) | — | (5 | ) | |||||||
Total Interactive Group | 2,245 | 396 | 2,196 | 396 | |||||||||
Ventures Group | |||||||||||||
TripAdvisor, Inc. | 255 | 104 | — | — | |||||||||
Corporate and other | — | (3 | ) | — | (3 | ) | |||||||
Total Ventures Group | 255 | 101 | — | (3 | ) | ||||||||
Consolidated Liberty | $ | 2,500 | 497 | 2,196 | 393 | ||||||||
Other Information By Segment | ' | ||||||||||||
Other Information | |||||||||||||
September 30, 2013 | |||||||||||||
Total | Investments | Capital | |||||||||||
assets | in | expenditures | |||||||||||
affiliates | |||||||||||||
amounts in millions | |||||||||||||
Interactive Group | |||||||||||||
QVC | $ | 12,811 | 52 | 122 | |||||||||
E-commerce | 1,229 | — | 56 | ||||||||||
Corporate and other | 444 | 283 | — | ||||||||||
Total Interactive Group | 14,484 | 335 | 178 | ||||||||||
Ventures Group | |||||||||||||
TripAdvisor | 7,325 | — | 39 | ||||||||||
Corporate and other | 2,716 | 890 | — | ||||||||||
Total Ventures Group | 10,041 | 890 | 39 | ||||||||||
Inter-group eliminations | (155 | ) | — | — | |||||||||
Consolidated Liberty | $ | 24,370 | 1,225 | 217 | |||||||||
Reconciliation Of Segment Adjusted OIBDA To Earnings (Loss) From Continuing Operations Before Income Taxes | ' | ||||||||||||
The following table provides a reconciliation of segment Adjusted OIBDA to earnings (loss) from continuing operations before income taxes: | |||||||||||||
Three months ended | Nine months ended | ||||||||||||
30-Sep-13 | September 30, | ||||||||||||
2013 | 2012 | 2013 | 2012 | ||||||||||
amounts in millions | |||||||||||||
Consolidated segment Adjusted OIBDA | $ | 497 | 393 | 1,605 | 1,266 | ||||||||
Stock-based compensation | (38 | ) | (18 | ) | (124 | ) | (53 | ) | |||||
Impairment of intangible assets | (19 | ) | (39 | ) | (19 | ) | (39 | ) | |||||
Depreciation and amortization | (235 | ) | (147 | ) | (702 | ) | (437 | ) | |||||
Interest expense | (87 | ) | (111 | ) | (288 | ) | (324 | ) | |||||
Share of earnings (loss) of affiliates, net | 29 | 43 | 25 | 89 | |||||||||
Realized and unrealized gains (losses) on financial instruments, net | 15 | (160 | ) | (49 | ) | (338 | ) | ||||||
Gains (losses) on dispositions, net | — | — | (2 | ) | 288 | ||||||||
Other, net | 3 | (2 | ) | (50 | ) | 31 | |||||||
Earnings (loss) before income taxes | $ | 165 | (41 | ) | 396 | 483 | |||||||
Basis_Of_Presentation_Basis_of
Basis Of Presentation Basis of Presentation (Details) (USD $) | 3 Months Ended | 9 Months Ended | 3 Months Ended | 6 Months Ended | ||||||
In Millions, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Mar. 31, 2013 | Dec. 31, 2012 | Dec. 11, 2012 | Jun. 30, 2014 | Jun. 30, 2014 | Sep. 30, 2013 |
TripAdvisor, Inc. [Member] | TripAdvisor, Inc. [Member] | TripAdvisor, Inc. [Member] | Liberty Digital Commerce [Member] | QVC Group [Member] | Interactive Group [Member] | |||||
HSN, Inc. [Member] | ||||||||||
Prior Period Reclassification Adjustment | ' | ' | ' | ' | $30 | ' | ' | ' | ' | ' |
Stockholders' Equity Note, Stock Split, Conversion Ratio | ' | 0.05 | ' | ' | ' | ' | ' | 1 | 10 | ' |
Equity Method Investment, Ownership Percentage | ' | ' | ' | ' | ' | ' | ' | ' | ' | 38.00% |
Related Party Transaction, Amounts of Transaction | 4 | 4 | 12 | 9 | ' | ' | ' | ' | ' | ' |
Purchase of shares in equity method investee | ' | ' | ' | ' | ' | 4.8 | ' | ' | ' | ' |
ownership percentage acquired | ' | ' | ' | ' | ' | ' | 4.00% | ' | ' | ' |
Business Acquisition, Cost of Acquired Entity, Cash Paid | ' | ' | ' | ' | ' | ' | $300 | ' | ' | ' |
Ownership Interest In Investee | ' | ' | ' | ' | ' | ' | 22.00% | ' | ' | ' |
Business Acquisition, Percentage of Voting Interests Acquired | ' | ' | ' | ' | ' | ' | 57.00% | ' | ' | ' |
Noncontrolling Interest, Ownership Percentage by Noncontrolling Owners | ' | ' | ' | ' | ' | ' | 78.00% | ' | ' | ' |
Tracking_Stock_Details
Tracking Stock (Details) (USD $) | 3 Months Ended | 9 Months Ended | ||||||
In Millions, unless otherwise specified | Sep. 30, 2012 | Sep. 30, 2012 | Sep. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Jun. 30, 2012 | Dec. 31, 2011 | Sep. 30, 2011 |
Tracking Stock [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' |
Stockholders' Equity Note, Stock Split, Conversion Ratio | 0.05 | ' | ' | ' | ' | ' | ' | ' |
Cash and Cash Equivalents, at Carrying Value | ' | ' | $981 | $981 | $2,660 | $1,793 | $847 | $1,793 |
Reattribution Of Cash Between Tracking Stocks | ' | 0 | ' | ' | ' | ' | ' | ' |
Ventures Group [Member] | ' | ' | ' | ' | ' | ' | ' | ' |
Tracking Stock [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' |
Cash and Cash Equivalents, at Carrying Value | ' | ' | 526 | ' | 1,961 | 1,235 | 0 | ' |
Reattribution Of Cash Between Tracking Stocks | ' | 1,346 | ' | ' | ' | ' | ' | ' |
Interactive Group [Member] | ' | ' | ' | ' | ' | ' | ' | ' |
Tracking Stock [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' |
Cash and Cash Equivalents, at Carrying Value | ' | ' | 455 | ' | 699 | 558 | 847 | ' |
Reattribution Of Cash Between Tracking Stocks | ' | ($1,346) | ' | ' | ' | ' | ' | ' |
StockBased_Compensation_Narrat
Stock-Based Compensation (Narrative) (Details) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Millions, except Share data, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Stockholders' Equity Note, Stock Split, Conversion Ratio | ' | 0.05 | ' | ' |
Options granted | ' | ' | 4,200,000 | ' |
Weighted average grant-date fair value of options | ' | ' | $8.16 | ' |
Stock-based compensation, vesting period (in years) | ' | ' | '4 years 0 months 0 days | ' |
Total unrecognized compensation cost related to unvested Liberty equity awards | $125 | ' | $125 | ' |
Weighted average period of recognition related to unvested equity awards (in years) | ' | ' | '2 years 3 months 18 days | ' |
Stock-based compensation | 38 | 18 | 124 | 53 |
TripAdvisor, Inc. [Member] | ' | ' | ' | ' |
Employee Service Share-based Compensation, Nonvested Awards, Total Compensation Cost Not yet Recognized, Share-based Awards Other than Options | 39 | ' | 39 | ' |
Options granted | ' | ' | 2,800,000 | ' |
Weighted average grant-date fair value of options | ' | ' | $28.11 | ' |
Weighted average period of recognition related to unvested equity awards (in years) | ' | ' | '3 years 6 months | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number | 9,700,000 | ' | 9,700,000 | ' |
Exercisable options | 3,500,000 | ' | 3,500,000 | ' |
Stock-based compensation | 14 | ' | 44 | ' |
Employee Service Share-based Compensation, Nonvested Awards, Total Compensation Cost Not yet Recognized, Stock Options | $112 | ' | $112 | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period | ' | ' | 1,100,000 | ' |
Restricted Stock Units (RSUs) [Member] | TripAdvisor, Inc. [Member] | ' | ' | ' | ' |
Weighted average period of recognition related to unvested equity awards (in years) | ' | ' | '3 years 3 months 18 days | ' |
StockBased_Compensation_StockB
Stock-Based Compensation (Stock-Based Compensation Allocated To Selling, General And Administrative Expenses) (Details) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Millions, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Stock-based compensation allocated to selling, general, and administrative | $38 | $18 | $124 | $53 |
Operating Expense [Member] | ' | ' | ' | ' |
Stock-based compensation allocated to selling, general, and administrative | 7 | 0 | 20 | 0 |
Selling, General and Administrative Expenses [Member] | ' | ' | ' | ' |
Stock-based compensation allocated to selling, general, and administrative | $31 | $18 | $104 | $53 |
StockBased_Compensations_Grant
Stock-Based Compensations (Grants) (Details) (USD $) | 9 Months Ended |
Sep. 30, 2013 | |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward] | ' |
Options granted | 4,200,000 |
Weighted average period of recognition related to unvested equity awards (in years) | '2 years 3 months 18 days |
Ventures Group [Member] | Common Class B [Member] | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward] | ' |
Outstanding WAEP, Beginning of Period | 46.69 |
WAEP of grants in the period | 0 |
WAEP exercised | 0 |
WAEP forfeited/cancelled during period | 0 |
Outstanding WAEP, End of Period | 46.69 |
Exercisable WAEP | 46.69 |
Outstanding options, Beginning Balance | 22,000 |
Options granted | 0 |
Options exercised | 0 |
Options forfeited/cancelled | 0 |
Outstanding options, Ending Balance | 22,000 |
Exercisable options | 22,000 |
Ventures Group [Member] | ERROR in label resolution. | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward] | ' |
Outstanding WAEP, End of Period | 46.69 |
Exercisable WAEP | 46.69 |
Outstanding options, Ending Balance | 22,000 |
Exercisable options | 22,000 |
Ventures Group [Member] | Series A [Member] | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward] | ' |
Outstanding WAEP, End of Period | 56.96 |
Exercisable WAEP | 54.82 |
Outstanding options, Ending Balance | 1,056,000 |
Exercisable options | 444,000 |
Ventures Group [Member] | Common Class A [Member] | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward] | ' |
Outstanding WAEP, Beginning of Period | 56.26 |
WAEP of grants in the period | 0 |
WAEP exercised | 48.81 |
WAEP forfeited/cancelled during period | 43.48 |
Outstanding WAEP, End of Period | 56.96 |
Exercisable WAEP | 54.82 |
Outstanding options, Beginning Balance | 1,155,000 |
Options granted | 0 |
Options exercised | 98,000 |
Options forfeited/cancelled | -1,000 |
Outstanding options, Ending Balance | 1,056,000 |
Exercisable options | 444,000 |
TripAdvisor, Inc. [Member] | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period | 1,100,000 |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward] | ' |
Options granted | 2,800,000 |
Outstanding options, Ending Balance | 9,700,000 |
Exercisable options | 3,500,000 |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number | 1,100,000 |
Weighted average period of recognition related to unvested equity awards (in years) | '3 years 6 months |
TripAdvisor, Inc. [Member] | Restricted Stock Units (RSUs) [Member] | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward] | ' |
Weighted average period of recognition related to unvested equity awards (in years) | '3 years 3 months 18 days |
StockBased_Compensation_Outsta
Stock-Based Compensation (Outstanding Awards) (Details) (USD $) | 9 Months Ended | 9 Months Ended | 9 Months Ended | 9 Months Ended | 3 Months Ended | |||||||||
In Thousands, except Share data, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Dec. 31, 2012 | Mar. 31, 2012 |
Interactive Group [Member] | Interactive Group [Member] | Interactive Group [Member] | Interactive Group [Member] | Interactive Group [Member] | Interactive Group [Member] | Ventures Group [Member] | Ventures Group [Member] | Ventures Group [Member] | Ventures Group [Member] | Ventures Group [Member] | Ventures Group [Member] | Expedia [Member] | ||
Common Class A [Member] | Common Class A [Member] | Series A [Member] | ERROR in label resolution. | Common Class B [Member] | Common Class B [Member] | Common Class A [Member] | Common Class A [Member] | Series A [Member] | ERROR in label resolution. | Common Class B [Member] | Common Class B [Member] | |||
Forward Contract Indexed to Issuer's Equity, Forward Rate Per Share | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $34 |
Outstanding options | ' | 33,647,000 | 33,839,000 | 33,647,000 | 432,000 | 432,000 | 432,000 | 1,056,000 | 1,155,000 | 1,056,000 | 22,000 | 22,000 | 22,000 | ' |
Outstanding WAEP | ' | $17.93 | $16.92 | $17.93 | $17.92 | $17.92 | $17.92 | $56.96 | $56.26 | $56.96 | $46.69 | $46.69 | $46.69 | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Weighted Average Remaining Contractual Term | ' | ' | ' | '5 years 1 month 6 days | '1 year 8 months 12 days | ' | ' | ' | ' | '5 years 0 months 0 days | '1 year 8 months 12 days | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Weighted Average Remaining Contractual Term | ' | ' | ' | '4 years 1 month 15 days | '1 year 8 months 12 days | ' | ' | ' | ' | '4 years 2 months 12 days | '1 year 8 months 12 days | ' | ' | ' |
Aggregate intrinsic value | ' | ' | ' | $186,764 | $2,523 | ' | ' | ' | ' | $32,988 | $931 | ' | ' | ' |
Exercisable options | ' | 14,055,000 | ' | 14,055,000 | 432,000 | 432,000 | ' | 444,000 | ' | 444,000 | 22,000 | 22,000 | ' | ' |
Exercisable WAEP | ' | $16.17 | ' | $16.17 | $17.92 | $17.92 | ' | $54.82 | ' | $54.82 | $46.69 | $46.69 | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Intrinsic Value | ' | ' | ' | $102,874 | $2,523 | ' | ' | ' | ' | $14,835 | $931 | ' | ' | ' |
Options granted | 4,200,000 | 4,188,000 | ' | ' | ' | 0 | ' | 0 | ' | ' | ' | 0 | ' | ' |
WAEP of grants in the period | ' | $21.08 | ' | ' | ' | $0 | ' | $0 | ' | ' | ' | $0 | ' | ' |
Options exercised | ' | -3,836,000 | ' | ' | ' | 0 | ' | -98,000 | ' | ' | ' | 0 | ' | ' |
WAEP exercised | ' | $12.84 | ' | ' | ' | $0 | ' | $48.81 | ' | ' | ' | $0 | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Forfeitures in Period | ' | 544,000 | ' | ' | ' | 0 | ' | 1,000 | ' | ' | ' | 0 | ' | ' |
WAEP forfeited/cancelled during period | ' | $15 | ' | ' | ' | $0 | ' | $43.48 | ' | ' | ' | $0 | ' | ' |
Earnings_Loss_Per_Common_Share2
Earnings (Loss) Per Common Share (Earrings Per Share Basic and Diluted) (Details) | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | ||||
In Millions, unless otherwise specified | Sep. 30, 2012 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2012 |
Segment, Liberty Interactive [Member] | Segment, Liberty Interactive [Member] | Segment, Liberty Interactive [Member] | Ventures Group [Member] | Ventures Group [Member] | Ventures Group [Member] | Interactive Group [Member] | Interactive Group [Member] | Interactive Group [Member] | ||
Weighted Average Number of Shares Outstanding, Basic | ' | 542 | ' | 559 | 36 | 36 | 29 | 513 | 524 | 542 |
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | ' | ' | 7 | ' | ' | ' | ' | ' | ' | ' |
Stockholders' Equity Note, Stock Split, Conversion Ratio | 0.05 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Earnings Per Share, Potentially Dilutive Securities | ' | '10 | ' | '9 | '1 | '1 | '1 | '10 | '8 | '10 |
Weighted Average Number of Shares Outstanding, Diluted | ' | 552 | ' | 568 | 37 | 37 | 30 | 523 | 532 | 552 |
Assets_And_Liabilities_Measure2
Assets And Liabilities Measured At Fair Value (Assets And Liabilities Measured At Fair Value On A Recurring Basis) (Details) (USD $) | 3 Months Ended | 9 Months Ended | |||
In Millions, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Dec. 31, 2012 |
Gain (Loss) on Derivative Instruments, Net, Pretax | $15 | ($160) | ($49) | ($338) | ' |
Cash and Cash Equivalents, Fair Value Disclosure | 600 | ' | 600 | ' | ' |
Short term marketable securities | 552 | ' | 552 | ' | 186 |
Available-for-sale securities | 1,339 | ' | 1,339 | ' | ' |
Debt | 2,236 | ' | 2,236 | ' | ' |
Quoted Prices In Active Markets For Identical Assets (Level 1) | ' | ' | ' | ' | ' |
Cash and Cash Equivalents, Fair Value Disclosure | 600 | ' | 600 | ' | ' |
Short term marketable securities | 0 | ' | 0 | ' | ' |
Available-for-sale securities | 899 | ' | 899 | ' | ' |
Debt | 0 | ' | 0 | ' | ' |
Significant Other Observable Inputs (Level 2) | ' | ' | ' | ' | ' |
Cash and Cash Equivalents, Fair Value Disclosure | 0 | ' | 0 | ' | ' |
Short term marketable securities | 552 | ' | 552 | ' | ' |
Available-for-sale securities | 440 | ' | 440 | ' | ' |
Debt | 2,236 | ' | 2,236 | ' | ' |
Fair Value, Inputs, Level 3 [Member] | ' | ' | ' | ' | ' |
Cash and Cash Equivalents, Fair Value Disclosure | 0 | ' | 0 | ' | ' |
Short term marketable securities | 0 | ' | 0 | ' | ' |
Available-for-sale securities | 0 | ' | 0 | ' | ' |
Debt | 0 | ' | 0 | ' | ' |
Fair Value Opition Securities [Member] | ' | ' | ' | ' | ' |
Gain (Loss) on Derivative Instruments, Net, Pretax | $31 | $237 | $367 | $418 | ' |
Assets_And_Liabilities_Measure3
Assets And Liabilities Measured At Fair Value Realized Unrealized Gain Loss (Details) (USD $) | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | ||||||||||
In Millions, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Mar. 31, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | |
Expedia [Member] | Exchangeable Senior Debentures [Member] | Exchangeable Senior Debentures [Member] | Exchangeable Senior Debentures [Member] | Exchangeable Senior Debentures [Member] | Fair Value Opition Securities [Member] | Fair Value Opition Securities [Member] | Fair Value Opition Securities [Member] | Fair Value Opition Securities [Member] | Other Credit Derivatives [Member] | Other Credit Derivatives [Member] | Other Credit Derivatives [Member] | Other Credit Derivatives [Member] | ||||||
Realized and unrealized gains on financial instruments, net | $15 | ($160) | ($49) | ($338) | ' | ($15) | ($293) | ($431) | ($510) | $31 | $237 | $367 | $418 | ($1) | ($104) | $15 | ($246) | [1] |
Forward Contract Indexed to Issuer's Equity, Shares | ' | ' | ' | ' | 12 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |
Gain (Loss) on Derivative Instruments, Net, Pretax | $15 | ($160) | ($49) | ($338) | ' | ($15) | ($293) | ($431) | ($510) | $31 | $237 | $367 | $418 | ($1) | ($104) | $15 | ($246) | [1] |
[1] | In the first quarter of 2012, we entered into a forward contract to sell 12 million Expedia, Inc. shares at approximately $34 per share. The derivative contract was in a liability position in the prior year as the stock price of Expedia, Inc. shares had increased since the inception of the derivative contract and resulted in a recognition of unrealized losses on the contract in the prior year. The contract was settled during the fourth quarter of 2012. |
Investments_In_AvailableForSal2
Investments In Available-For-Sale Securities And Other Cost Investments (Investments In Available-For-Sale Securities And Other Cost Investments) (Details) (USD $) | 9 Months Ended | 3 Months Ended | 9 Months Ended | 9 Months Ended | ||||||||||||||||||||
In Millions, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Dec. 31, 2012 | Jun. 30, 2013 | Jun. 30, 2013 | Jun. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2012 | Dec. 31, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | ||
Time Warner Inc [Member] | AOL Inc [Member] | Time Warner [Member] | Interactive Group [Member] | Interactive Group [Member] | Interactive Group [Member] | Ventures Group [Member] | Ventures Group [Member] | Ventures Group [Member] | Ventures Group [Member] | Ventures Group [Member] | Ventures Group [Member] | Ventures Group [Member] | Ventures Group [Member] | Ventures Group [Member] | Ventures Group [Member] | Ventures Group [Member] | Ventures Group [Member] | Ventures Group [Member] | ||||||
Time Warner Inc [Member] | Time Warner Inc [Member] | Time Warner Cable Inc [Member] | Time Warner Cable Inc [Member] | AOL Inc [Member] | AOL Inc [Member] | TripAdvisor AFS Securities [Member] | TripAdvisor AFS Securities [Member] | Other Investments [Member] | Other Investments [Member] | |||||||||||||||
Sale of Available for Sale Securities, Shares | ' | ' | ' | 17.4 | 2 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||
Cash proceeds from dispositions | $1,136 | $348 | ' | ' | ' | $1,099 | $0 | $0 | ' | $1,136 | $348 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||
Cost Method Investments | ' | ' | ' | ' | ' | ' | 4 | ' | 4 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||
Investments in available-for-sale securities and other cost investments | $1,343 | ' | $1,819 | ' | ' | ' | $4 | ' | $4 | $1,339 | ' | $1,815 | $289 | [1] | $1,042 | $610 | $531 | $0 | [1] | $59 | $164 | $99 | $276 | $84 |
[1] | Liberty sold 17.4 million shares of Time Warner Inc. and 2.0 million shares of AOL Inc. for proceeds of $1,099 million during the three months ended June 30, 2013 in connection with the redemption of the 3.125% Exchangeable Senior Debentures, as discussed in note 9. |
Investments_In_Affiliates_Acco2
Investments In Affiliates Accounted For Using The Equity Method (Schedule Of Equity Ownership And Carrying Amount) (Details) (USD $) | 3 Months Ended | 9 Months Ended | ||||||
In Millions, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Dec. 31, 2012 | |||
Investments in affiliates, accounted for using the equity method | $1,225 | ' | $1,225 | ' | $851 | |||
Gains (losses) on dispositions, net | 0 | 0 | -2 | 288 | ' | |||
Interactive Group [Member] | ' | ' | ' | ' | ' | |||
Investments in affiliates, accounted for using the equity method | 335 | ' | 335 | ' | 304 | |||
Gains (losses) on dispositions, net | ' | ' | -1 | 0 | ' | |||
Interactive Group [Member] | HSN, Inc. [Member] | ' | ' | ' | ' | ' | |||
Percentage ownership | 38.00% | ' | 38.00% | ' | ' | |||
Investments in affiliates, accounted for using the equity method | 283 | ' | 283 | ' | 242 | |||
Equity Method Investment, Quoted Market Value | 1,073 | ' | 1,073 | ' | ' | |||
Interactive Group [Member] | Equity method investment, other [Member] | ' | ' | ' | ' | ' | |||
Investments in affiliates, accounted for using the equity method | 52 | ' | 52 | ' | 62 | |||
Ventures Group [Member] | ' | ' | ' | ' | ' | |||
Investments in affiliates, accounted for using the equity method | 890 | ' | 890 | ' | 547 | |||
Gains (losses) on dispositions, net | ' | ' | -1 | 288 | ' | |||
Ventures Group [Member] | Expedia [Member] | ' | ' | ' | ' | ' | |||
Percentage ownership | 17.00% | ' | 17.00% | ' | ' | |||
Investments in affiliates, accounted for using the equity method | 465 | [1] | ' | 465 | [1] | ' | 431 | [1] |
Equity Method Investment, Quoted Market Value | 1,196 | ' | 1,196 | ' | ' | |||
Ventures Group [Member] | HSN, Inc. [Member] | ' | ' | ' | ' | ' | |||
Payments to Acquire Investments | 300 | ' | ' | ' | ' | |||
Ventures Group [Member] | Equity method investment, other [Member] | ' | ' | ' | ' | ' | |||
Investments in affiliates, accounted for using the equity method | 425 | [2] | ' | 425 | [2] | ' | 116 | |
TripAdvisor, Inc. [Member] | ' | ' | ' | ' | ' | |||
Ownership Interest In Investee | 22.00% | ' | 22.00% | ' | ' | |||
Revenue from Related Parties | 56 | 57 | 171 | 164 | ' | |||
TripAdvisor, Inc. [Member] | Ventures Group [Member] | ' | ' | ' | ' | ' | |||
Investments in affiliates, accounted for using the equity method | $0 | ' | $0 | ' | ' | |||
[1] | Liberty's 22% owned consolidated subsidiary TripAdvisor, Inc. earned revenue of approximately $56 million and $171 million for the three and nine months ended September 30, 2013, respectively, and $57 million and $164 million for the three and nine months ended September 30, 2012, respectively, from Expedia, Inc. (TripAdvisor's former parent). | |||||||
[2] | Liberty invested $300 million in a solar energy plant on September 30, 2013. Liberty expects to receive a portion of the initial investment back within a year as the entity expects to receive grant proceeds and other favorable tax attributes once the solar plant is operational. Similar to some of Liberty's other alternative energy investments, the Company expects to record the Company's share of losses of the solar plant initially but expects to record the impacts of favorable tax attributes (primarily accelerated depreciation) as a current tax benefit with an offsetting deferred tax expense in the tax expense (benefit) line item in the Statement of Operations. |
Investments_In_Affiliates_Acco3
Investments In Affiliates Accounted For Using The Equity Method (Schedule Of Liberty's Share Of Earnings (Losses) Of Affiliates) (Details) (USD $) | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | ||||||||||||||||||||||||||
In Millions, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Dec. 31, 2012 | Dec. 11, 2012 | |
Liberty Interactive [Member] | Liberty Interactive [Member] | Liberty Interactive [Member] | Liberty Interactive [Member] | Liberty Ventures [Member] | Liberty Ventures [Member] | Liberty Ventures [Member] | Liberty Ventures [Member] | Liberty Ventures [Member] | Interactive Group [Member] | Interactive Group [Member] | Interactive Group [Member] | Interactive Group [Member] | Interactive Group [Member] | Interactive Group [Member] | Interactive Group [Member] | Interactive Group [Member] | Interactive Group [Member] | Interactive Group [Member] | Ventures Group [Member] | Ventures Group [Member] | Ventures Group [Member] | Ventures Group [Member] | Ventures Group [Member] | Ventures Group [Member] | Ventures Group [Member] | Ventures Group [Member] | Ventures Group [Member] | Ventures Group [Member] | Ventures Group [Member] | TripAdvisor, Inc. [Member] | TripAdvisor, Inc. [Member] | ||||||
HSN, Inc. [Member] | HSN, Inc. [Member] | Expedia [Member] | Expedia [Member] | TripAdvisor, Inc. [Member] | HSN, Inc. [Member] | HSN, Inc. [Member] | Equity method investment, other [Member] | Equity method investment, other [Member] | Equity method investment, other [Member] | Equity method investment, other [Member] | Expedia [Member] | Expedia [Member] | TripAdvisor, Inc. [Member] | Equity method investment, other [Member] | Equity method investment, other [Member] | Equity method investment, other [Member] | Equity method investment, other [Member] | ||||||||||||||||||||
Purchase of shares in equity method investee | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 4.8 | ' | |
Share of earnings of affiliates, net (note 8) | $29 | $43 | $25 | $89 | $33 | $26 | $46 | $34 | ($8) | $63 | $17 | $65 | $33 | $13 | $6 | $33 | $26 | $15 | $10 | ($2) | ($4) | ($13) | ($8) | $16 | $37 | ($8) | $63 | $27 | $41 | $10 | [1] | ($11) | ($14) | ($25) | ($35) | ' | ' |
ownership percentage acquired | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 4.00% | |
Business Acquisition, Cost of Acquired Entity, Cash Paid | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $300 | |
[1] | On December 11, 2012, we acquired approximately 4.8 million additional shares of common stock of TripAdvisor (an additional 4% equity ownership interest), for $300 million, and obtained voting control of TripAdvisor. Following the date of this transaction, TripAdvisor is accounted for as a consolidated subsidiary. See note 1 for additional details of this transaction. |
Investments_In_Affiliates_Acco4
Investments In Affiliates Accounted For Using The Equity Method (Expedia Consolidated Balance Sheets) (Details) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Millions, unless otherwise specified | ||
Current assets | $3,967 | $5,258 |
Property and equipment, net | 1,206 | 1,235 |
Goodwill | 9,553 | 9,556 |
Other assets | 102 | 95 |
Total assets | 24,370 | 26,255 |
Current liabilities | 3,994 | 4,489 |
Deferred income taxes | 2,894 | 3,209 |
Long-term debt | 5,668 | 6,246 |
Other liabilities | 255 | 260 |
Noncontrolling interests | 4,506 | 4,489 |
Equity | 7,053 | 7,562 |
Total liabilities and equity | $24,370 | $26,255 |
Investments_In_Affiliates_Acco5
Investments In Affiliates Accounted For Using The Equity Method (Expedia Consolidated Statement Of Operations) (Details) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Millions, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Revenue, Net | $2,500 | $2,196 | $7,811 | $6,875 |
Selling, general and administrative expenses | -358 | -213 | -1,086 | -693 |
Amortization of Intangible Assets | 201 | 114 | 589 | 331 |
Operating income (loss) | 205 | 189 | 760 | 737 |
Interest expense | -87 | -111 | -288 | -324 |
Other income (expense), net | 3 | -2 | -50 | 31 |
Income tax expense | -34 | 15 | -62 | -155 |
Net earnings (loss) | 131 | -26 | 334 | 328 |
Net earnings (loss) attributable to noncontrolling interests | -18 | -15 | -74 | -44 |
Net earnings (loss) attributable to Liberty Media Corporation shareholders | $113 | ($41) | $260 | $284 |
Intangible_Assets_Narrative_De
Intangible Assets (Narrative) (Details) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Millions, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Goodwill and Intangible Assets Disclosure [Abstract] | ' | ' | ' | ' |
Amortization of Intangible Assets | $201 | $114 | $589 | $331 |
Intangible_Assets_Changes_In_T
Intangible Assets (Changes In The Carrying Amount Of Goodwill) (Details) (USD $) | 3 Months Ended | 9 Months Ended | |||
In Millions, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | |
Amortization of Intangible Assets | $201 | $114 | $589 | $331 | |
Goodwill [Roll Forward] | ' | ' | ' | ' | |
Balance, beginning of the year | ' | ' | 9,556 | ' | |
Foreign currency translation adjustments | ' | ' | -29 | ' | |
Goodwill, Acquired During Period | ' | ' | 26 | ' | |
Balance, ending of the year | 9,553 | ' | 9,553 | ' | |
QVC [Member] | ' | ' | ' | ' | |
Goodwill [Roll Forward] | ' | ' | ' | ' | |
Balance, beginning of the year | ' | ' | 5,349 | ' | |
Foreign currency translation adjustments | ' | ' | -29 | ' | |
Goodwill, Acquired During Period | ' | ' | 0 | ' | |
Balance, ending of the year | 5,320 | ' | 5,320 | ' | |
E-commerce [Member] | ' | ' | ' | ' | |
Goodwill [Roll Forward] | ' | ' | ' | ' | |
Balance, beginning of the year | ' | ' | 558 | ' | |
Foreign currency translation adjustments | ' | ' | 0 | ' | |
Goodwill, Acquired During Period | ' | ' | -10 | ' | |
Balance, ending of the year | 548 | ' | 548 | ' | |
TripAdvisor, Inc. [Member] | ' | ' | ' | ' | |
Goodwill, Allocation Adjustment | ' | ' | 36 | ' | |
Goodwill [Roll Forward] | ' | ' | ' | ' | |
Balance, beginning of the year | ' | ' | 3,649 | ' | |
Foreign currency translation adjustments | ' | ' | 0 | ' | |
Goodwill, Acquired During Period | ' | ' | 36 | [1] | ' |
Balance, ending of the year | $3,685 | ' | $3,685 | ' | |
[1] | (1) The $36 million increase to TripAdvisor goodwill during the period is primarily attributable to certain acquisitions made by TripAdvisor during the nine months ended September 30, 2013 and to a lesser extent certain purchase price allocation adjustments recorded in connection with our acquisition of a controlling interest in TripAdvisor during December 2012. |
Intangible_Assets_Amortization
Intangible Assets (Amortization Expense For The Next Five Fiscal Years) (Details) (USD $) | Sep. 30, 2013 |
In Millions, unless otherwise specified | |
Goodwill and Intangible Assets Disclosure [Abstract] | ' |
Remainder of 2012 | $207 |
2013 amortization expense | 738 |
2014 amortization expense | 637 |
2015 amortization expense | 520 |
2016 amortization expense | $366 |
LongTerm_Debt_Narrative_Detail
Long-Term Debt (Narrative) (Details) (USD $) | 9 Months Ended | 9 Months Ended | 0 Months Ended | 9 Months Ended | 9 Months Ended | 3 Months Ended | 0 Months Ended | 9 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sep. 30, 2013 | Sep. 30, 2012 | Dec. 31, 2012 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Mar. 18, 2013 | Sep. 30, 2013 | Mar. 18, 2013 | Apr. 09, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2012 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Mar. 31, 2013 | Mar. 04, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Mar. 31, 2013 | Mar. 15, 2013 | Mar. 04, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Mar. 31, 2013 | Mar. 31, 2013 | Jun. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Apr. 09, 2013 | Apr. 09, 2013 | Sep. 30, 2013 | Mar. 31, 2013 | |
QVC Bank Credit Facilities [Member] | 3.25% Exchangeable Senior Debentures Due 2031 [Member] | 1% Exchangeable Senior Debentures due 2043 [Member] | QVC 4.375% Senior Secured Notes due 2023 [Member] | QVC Bank Credit Facilities [Member] | QVC 5.95% Senior Secured Notes due 2043 [Member] | 0.75% Exchangeable Senior Debentures due 2043 [Member] | Margin over base rate [Member] | Margin over LIBOR rate [Member] | Interactive Group [Member] | Interactive Group [Member] | Interactive Group [Member] | Interactive Group [Member] | Interactive Group [Member] | Interactive Group [Member] | Interactive Group [Member] | Interactive Group [Member] | Interactive Group [Member] | Interactive Group [Member] | Interactive Group [Member] | Interactive Group [Member] | Interactive Group [Member] | Interactive Group [Member] | Interactive Group [Member] | Interactive Group [Member] | Interactive Group [Member] | Interactive Group [Member] | Interactive Group [Member] | Interactive Group [Member] | Interactive Group [Member] | Interactive Group [Member] | Interactive Group [Member] | Interactive Group [Member] | Interactive Group [Member] | Interactive Group [Member] | Interactive Group [Member] | Interactive Group [Member] | Interactive Group [Member] | Interactive Group [Member] | Interactive Group [Member] | Interactive Group [Member] | Ventures Group [Member] | Ventures Group [Member] | Ventures Group [Member] | Ventures Group [Member] | Ventures Group [Member] | Ventures Group [Member] | Ventures Group [Member] | Ventures Group [Member] | Ventures Group [Member] | Ventures Group [Member] | Ventures Group [Member] | Ventures Group [Member] | Ventures Group [Member] | Ventures Group [Member] | Ventures Group [Member] | Ventures Group [Member] | Ventures Group [Member] | Principal repayment per senior secured note [Member] | Principal repayment per senior secured note [Member] | Principal repayment per senior secured note [Member] | Exchangeable Senior Debentures [Member] | HSN, Inc. [Member] | HSN, Inc. [Member] | Time Warner Inc [Member] | Time Warner Cable Inc [Member] | QVC [Member] | QVC [Member] | ||||
QVC Bank Credit Facilities [Member] | QVC Bank Credit Facilities [Member] | 1% Exchangeable Senior Debentures due 2043 [Member] | 1% Exchangeable Senior Debentures due 2043 [Member] | Subsidiary Debt [Member] | Subsidiary Debt [Member] | QVC 5.95% Senior Secured Notes due 2043 [Member] | QVC 5.95% Senior Secured Notes due 2043 [Member] | QVC 7.375% Senior Secured Notes Due 2020 [Member] | QVC 7.375% Senior Secured Notes Due 2020 [Member] | 5.7% Senior Notes Due 2013 [Member] | 5.7% Senior Notes Due 2013 [Member] | QVC 7.5% Senior Secured Notes Due 2019 [Member] | QVC 7.5% Senior Secured Notes Due 2019 [Member] | QVC 7.5% Senior Secured Notes Due 2019 [Member] | QVC 7.5% Senior Secured Notes Due 2019 [Member] | QVC 4.375% Senior Secured Notes due 2023 [Member] | QVC 4.375% Senior Secured Notes due 2023 [Member] | 8.25% Senior Debentures Due 2030 [Member] | 8.25% Senior Debentures Due 2030 [Member] | QVC Bank Credit Facilities [Member] | QVC Bank Credit Facilities [Member] | QVC 5.125% Senior Secured Notes 2022 [Member] | QVC 5.125% Senior Secured Notes 2022 [Member] | 8.5% Senior Debentures Due 2029 [Member] | 8.5% Senior Debentures Due 2029 [Member] | QVC 7.125% Senior Secured Notes Due 2017 [Member] | QVC 7.125% Senior Secured Notes Due 2017 [Member] | QVC 7.125% Senior Secured Notes Due 2017 [Member] | QVC 7.125% Senior Secured Notes Due 2017 [Member] | QVC 7.125% Senior Secured Notes Due 2017 [Member] | 0.75% Exchangeable Senior Debentures due 2043 [Member] | 0.75% Exchangeable Senior Debentures due 2043 [Member] | 3.125% Exchangeable Senior Debentures Due 2023 [Member] | 3.125% Exchangeable Senior Debentures Due 2023 [Member] | 4% Exchangeable Senior Debentures Due 2029 [Member] | 4% Exchangeable Senior Debentures Due 2029 [Member] | 3.75% Exchangeable Senior Debentures Due 2030 [Member] | 3.75% Exchangeable Senior Debentures Due 2030 [Member] | 3.5% Exchangeable Senior Debentures Due 2031 [Member] | 3.5% Exchangeable Senior Debentures Due 2031 [Member] | 3.25% Exchangeable Senior Debentures Due 2031 [Member] | 3.25% Exchangeable Senior Debentures Due 2031 [Member] | TripAdvisor Debt Facilities [Member] | TripAdvisor Debt Facilities [Member] | QVC 7.125% Senior Secured Notes Due 2017 [Member] | QVC 7.125% Senior Secured Notes Due 2017 [Member] | QVC 7.5% Senior Secured Notes Due 2019 [Member] | 1% Exchangeable Senior Debentures due 2043 [Member] | 0.75% Exchangeable Senior Debentures due 2043 [Member] | 0.75% Exchangeable Senior Debentures due 2043 [Member] | |||||||||||||||||||||
Alternate Base Rate [Member] | LIBOR loan [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt, Current | $1,366,000,000 | ' | $1,638,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | $439,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $927,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Long-term Debt, Excluding Current Maturities | 5,668,000,000 | ' | 6,246,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | 4,396,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,272,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Debt Instrument Principal amount tendered and retired | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,000 | 1,000 | ' | 1,000 | ' | ' | ' | ' | ' | ' |
Senior Notes | ' | ' | ' | ' | ' | ' | 750,000,000 | ' | 300,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Gains (Losses) on Extinguishment of Debt | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 57,000,000 | ' |
Derivative, Notional Amount | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 3,100,000,000 |
Repayments of Long-term Debt | 5,052,000,000 | 1,238,000,000 | ' | ' | 414,000,000 | ' | ' | ' | ' | ' | ' | ' | 2,645,000,000 | 1,123,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 2,407,000,000 | 115,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Line of Credit Facility, Maximum Borrowing Capacity | ' | ' | ' | ' | ' | ' | ' | 2,000,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
standby letters of credit | ' | ' | ' | ' | ' | ' | ' | 250,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Incremental borrowing capacity | ' | ' | ' | ' | ' | ' | ' | 1,000,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Debt Instrument, Interest Rate, Stated Percentage Rate Range, Minimum | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0.25% | 1.25% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Debt Instrument, Interest Rate, Stated Percentage Rate Range, Maximum | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1.00% | 2.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Line of Credit Facility, Remaining Borrowing Capacity | ' | ' | ' | 1,327,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Debt instrument, face amount called for tender | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 250,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 500,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Debt Instrument, Repurchased Face Amount | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 231,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 376,000,000 | 124,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Repayments of Debt | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,035.63 | 1,039.40 | 1,120 | 0 | ' | ' | ' | ' | ' | ' |
Debt Instrument, Face Amount | 7,304,000,000 | ' | ' | ' | ' | 400,000,000 | ' | ' | ' | ' | ' | ' | 4,837,000,000 | ' | ' | 400,000,000 | ' | 153,000,000 | ' | 300,000,000 | ' | 500,000,000 | ' | 0 | ' | 769,000,000 | ' | ' | ' | 750,000,000 | ' | 505,000,000 | ' | 673,000,000 | ' | 500,000,000 | ' | 287,000,000 | ' | 0 | ' | ' | ' | ' | 2,467,000,000 | ' | ' | 850,000,000 | ' | 0 | ' | 439,000,000 | ' | 439,000,000 | ' | 363,000,000 | ' | 0 | ' | 376,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Long-term Debt | 7,034,000,000 | ' | 7,884,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | 4,835,000,000 | ' | 4,542,000,000 | 413,000,000 | 0 | 153,000,000 | 125,000,000 | 300,000,000 | 0 | 500,000,000 | 500,000,000 | 0 | 240,000,000 | 760,000,000 | ' | ' | 988,000,000 | 750,000,000 | 0 | 501,000,000 | 501,000,000 | 673,000,000 | 903,000,000 | 500,000,000 | 500,000,000 | 285,000,000 | 285,000,000 | 0 | ' | ' | ' | 500,000,000 | 2,199,000,000 | ' | 3,342,000,000 | 962,000,000 | 0 | 0 | 1,639,000,000 | 277,000,000 | 311,000,000 | 276,000,000 | 297,000,000 | 308,000,000 | 292,000,000 | 0 | 391,000,000 | 376,000,000 | 412,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Exchangeable Senior Debentures | ' | ' | ' | ' | ' | ' | ' | ' | ' | 850,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Debt instrument interest rate | ' | ' | ' | ' | ' | 1.00% | ' | ' | ' | 0.75% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Debt instrument, face amount per debenture | ' | ' | ' | ' | ' | 1,000 | ' | ' | ' | 1,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Debt Conversion, Converted Instrument, Shares Issued | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 13.458 | 5.1635 | 6.304 | ' | ' |
Common Stock, Dividends, Per Share, Declared | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $0.18 | ' | ' | ' | ' | ' |
Exchangeable Senior Debentures remaining principal outstanding upon partial redemption | ' | ' | ' | ' | ' | $100,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
LongTerm_Debt_Debt_Excluding_I
Long-Term Debt (Debt Excluding Intergroup Debt) (Details) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Millions, unless otherwise specified | ||
Long-term Debt | $7,034 | $7,884 |
Debt Instrument, Face Amount | 7,304 | ' |
Long-term Debt, current maturities | -1,366 | -1,638 |
Long-term debt | 5,668 | 6,246 |
Interactive Group [Member] | ' | ' |
Long-term Debt | 4,835 | 4,542 |
Debt Instrument, Face Amount | 4,837 | ' |
Long-term Debt, current maturities | -439 | ' |
Long-term debt | 4,396 | ' |
Interactive Group [Member] | 5.7% Senior Notes Due 2013 [Member] | ' | ' |
Long-term Debt | 0 | 240 |
Debt Instrument, Face Amount | 0 | ' |
Interactive Group [Member] | 8.5% Senior Debentures Due 2029 [Member] | ' | ' |
Long-term Debt | 285 | 285 |
Debt Instrument, Face Amount | 287 | ' |
Interactive Group [Member] | 8.25% Senior Debentures Due 2030 [Member] | ' | ' |
Long-term Debt | 501 | 501 |
Debt Instrument, Face Amount | 505 | ' |
Interactive Group [Member] | QVC 7.125% Senior Secured Notes Due 2017 [Member] | ' | ' |
Long-term Debt | 0 | 500 |
Debt Instrument, Face Amount | 0 | ' |
Interactive Group [Member] | QVC 7.5% Senior Secured Notes Due 2019 [Member] | ' | ' |
Long-term Debt | 760 | 988 |
Debt Instrument, Face Amount | 769 | ' |
Interactive Group [Member] | QVC 7.375% Senior Secured Notes Due 2020 [Member] | ' | ' |
Long-term Debt | 500 | 500 |
Debt Instrument, Face Amount | 500 | ' |
Interactive Group [Member] | QVC 5.125% Senior Secured Notes 2022 [Member] | ' | ' |
Long-term Debt | 500 | 500 |
Debt Instrument, Face Amount | 500 | ' |
Interactive Group [Member] | QVC 4.375% Senior Secured Notes due 2023 [Member] | ' | ' |
Long-term Debt | 750 | 0 |
Debt Instrument, Face Amount | 750 | ' |
Interactive Group [Member] | QVC 5.95% Senior Secured Notes due 2043 [Member] | ' | ' |
Long-term Debt | 300 | 0 |
Debt Instrument, Face Amount | 300 | ' |
Interactive Group [Member] | QVC Bank Credit Facilities [Member] | ' | ' |
Long-term Debt | 673 | 903 |
Debt Instrument, Face Amount | 673 | ' |
Interactive Group [Member] | Subsidiary Debt [Member] | ' | ' |
Long-term Debt | 153 | 125 |
Debt Instrument, Face Amount | $153 | ' |
LongTerm_Debt_Debt_Securities_
Long-Term Debt (Debt Securities That Are Not Reported At Fair Value) (Details) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Millions, unless otherwise specified | ||
Carrying value of debt measured at fair value | $2,236 | $2,443 |
Senior Debentures [Member] | ' | ' |
Carrying value of debt measured at fair value | 837 | ' |
QVC Senior Secured Notes [Member] | ' | ' |
Carrying value of debt measured at fair value | $2,828 | ' |
Stockholders_Equity_Narrative_
Stockholders' Equity (Narrative) (Details) | Sep. 30, 2013 | Dec. 31, 2012 |
Interactive Group [Member] | Series A [Member] | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number | 33,647,000 | ' |
Interactive Group [Member] | Common Class A [Member] | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number | 33,647,000 | 33,839,000 |
Common Stock, Shares Authorized | 4,000,000,000 | 4,000,000,000 |
Interactive Group [Member] | Common Class B [Member] | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number | 432,000 | 432,000 |
Common Stock, Shares Authorized | 150,000,000 | 150,000,000 |
Interactive Group [Member] | ERROR in label resolution. | ' | ' |
Common Stock, Shares Authorized | 4,000,000,000 | ' |
Ventures Group [Member] | Series A [Member] | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number | 1,056,000 | ' |
Ventures Group [Member] | Common Class A [Member] | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number | 1,056,000 | 1,155,000 |
Common Stock, Shares Authorized | 200,000,000 | 200,000,000 |
Ventures Group [Member] | Common Class B [Member] | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number | 22,000 | 22,000 |
Common Stock, Shares Authorized | 7,500,000 | 200,000,000 |
Ventures Group [Member] | ERROR in label resolution. | ' | ' |
Common Stock, Shares Authorized | 200,000,000 | ' |
Information_About_Libertys_Ope2
Information About Liberty's Operating Segments (Performance Measures By Segment) (Details) (USD $) | 3 Months Ended | 9 Months Ended | ||||
In Millions, unless otherwise specified | Sep. 30, 2013 | Mar. 31, 2013 | Sep. 30, 2012 | Mar. 31, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Goodwill and Intangible Asset Impairment | $19 | ($19) | ($39) | ($39) | ($19) | ($39) |
Total revenues | 2,500 | ' | 2,196 | ' | 7,811 | 6,875 |
Adjusted OIBDA | 497 | ' | 393 | ' | 1,605 | 1,266 |
Interactive Group [Member] | ' | ' | ' | ' | ' | ' |
Goodwill and Intangible Asset Impairment | ' | ' | -39 | ' | -19 | -39 |
Total revenues | 2,245 | ' | 2,196 | ' | 7,079 | 6,875 |
Adjusted OIBDA | 396 | ' | 396 | 1,270 | 1,288 | ' |
Interactive Group [Member] | QVC [Member] | ' | ' | ' | ' | ' | ' |
Total revenues | 1,947 | ' | 1,918 | ' | 5,882 | 5,824 |
Adjusted OIBDA | 408 | ' | 397 | 1,225 | 1,246 | ' |
Interactive Group [Member] | E-commerce [Member] | ' | ' | ' | ' | ' | ' |
Total revenues | 298 | ' | 278 | ' | 1,197 | 1,051 |
Adjusted OIBDA | -5 | ' | 4 | 61 | 60 | ' |
Interactive Group [Member] | Corporate And Other [Member] | ' | ' | ' | ' | ' | ' |
Total revenues | 0 | ' | 0 | ' | 0 | 0 |
Adjusted OIBDA | -7 | ' | -5 | -16 | -18 | ' |
Ventures Group [Member] | ' | ' | ' | ' | ' | ' |
Goodwill and Intangible Asset Impairment | ' | ' | 0 | ' | 0 | 0 |
Total revenues | 255 | ' | 0 | ' | 732 | 0 |
Adjusted OIBDA | 101 | ' | -3 | -4 | 317 | ' |
Ventures Group [Member] | Corporate And Other [Member] | ' | ' | ' | ' | ' | ' |
Total revenues | 0 | ' | 0 | ' | 0 | 0 |
Adjusted OIBDA | -3 | ' | -3 | -4 | -9 | ' |
Ventures Group [Member] | TripAdvisor, Inc. [Member] | ' | ' | ' | ' | ' | ' |
Total revenues | 255 | ' | 0 | ' | 732 | 0 |
Adjusted OIBDA | $104 | ' | $0 | $0 | $326 | ' |
Ventures Group [Member] | Expedia [Member] | ' | ' | ' | ' | ' | ' |
Equity Method Investment, Ownership Percentage | 17.00% | ' | ' | ' | 17.00% | ' |
Information_About_Libertys_Ope3
Information About Liberty's Operating Segments (Other Information By Segment) (Details) (USD $) | 9 Months Ended | ||
In Millions, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Dec. 31, 2012 |
Total assets | $24,370 | ' | $26,255 |
Investments in affiliates, accounted for using the equity method | 1,225 | ' | 851 |
Capital expenditures | 217 | 237 | ' |
Inter-group Eliminations [Member] | ' | ' | ' |
Investments in affiliates, accounted for using the equity method | 0 | ' | ' |
Capital expenditures | 0 | ' | ' |
Interactive Group [Member] | ' | ' | ' |
Total assets | 14,484 | ' | ' |
Investments in affiliates, accounted for using the equity method | 335 | ' | 304 |
Capital expenditures | 178 | 237 | ' |
Interactive Group [Member] | QVC [Member] | ' | ' | ' |
Total assets | 12,811 | ' | ' |
Investments in affiliates, accounted for using the equity method | 52 | ' | ' |
Capital expenditures | 122 | ' | ' |
Interactive Group [Member] | E-commerce [Member] | ' | ' | ' |
Total assets | 1,229 | ' | ' |
Investments in affiliates, accounted for using the equity method | 0 | ' | ' |
Capital expenditures | 56 | ' | ' |
Interactive Group [Member] | Corporate And Other [Member] | ' | ' | ' |
Total assets | 444 | ' | ' |
Investments in affiliates, accounted for using the equity method | 283 | ' | ' |
Capital expenditures | 0 | ' | ' |
Ventures Group [Member] | ' | ' | ' |
Total assets | 10,041 | ' | ' |
Investments in affiliates, accounted for using the equity method | 890 | ' | 547 |
Capital expenditures | 39 | 0 | ' |
Ventures Group [Member] | Corporate And Other [Member] | ' | ' | ' |
Total assets | 2,716 | ' | ' |
Investments in affiliates, accounted for using the equity method | 890 | ' | ' |
Capital expenditures | 0 | ' | ' |
Ventures Group [Member] | TripAdvisor, Inc. [Member] | ' | ' | ' |
Total assets | 7,325 | ' | ' |
Investments in affiliates, accounted for using the equity method | 0 | ' | ' |
Capital expenditures | 39 | ' | ' |
Inter-group Eliminations [Member] | ' | ' | ' |
Total assets | -155 | ' | ' |
Investments in affiliates, accounted for using the equity method | $0 | ' | ' |
Information_About_Libertys_Ope4
Information About Liberty's Operating Segments (Reconciliation Of Segment Adjusted OIBDA To Earnings (Loss) From Continuing Operations Before Income Taxes) (Details) (USD $) | 3 Months Ended | 9 Months Ended | ||||
In Millions, unless otherwise specified | Sep. 30, 2013 | Mar. 31, 2013 | Sep. 30, 2012 | Mar. 31, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Consolidated segment Adjusted OIBDA | $497 | ' | $393 | ' | $1,605 | $1,266 |
Stock-based compensation | -38 | ' | -18 | ' | -124 | -53 |
Goodwill and Intangible Asset Impairment | -19 | 19 | 39 | 39 | 19 | 39 |
Depreciation and amortization | -235 | ' | -147 | ' | -702 | -437 |
Interest expense | -87 | ' | -111 | ' | -288 | -324 |
Share of earnings (losses) of affiliates | 29 | ' | 43 | ' | 25 | 89 |
Realized and unrealized gains on financial instruments, net | 15 | ' | -160 | ' | -49 | -338 |
Gains (losses) on dispositions, net | 0 | ' | 0 | ' | -2 | 288 |
Other, net | 3 | ' | -2 | ' | -50 | 31 |
Earnings (loss) from continuing operations before income taxes | $165 | ' | ($41) | ' | $396 | $483 |