Qurate Retail (QRTEP) 10-Q 8 Aug 24 2024 Q2 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	6 Months Ended
	Jun. 30, 2024	Jul. 31, 2024
Document And Entity Information
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2024
Document Transition Report	false
Entity File Number	001-33982
Entity Registrant Name	QURATE RETAIL, INC.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	84-1288730
Entity Address, Address Line One	12300 Liberty Boulevard
Entity Address, City or Town	Englewood
Entity Address, State or Province	CO
Entity Address, Postal Zip Code	80112
City Area Code	720
Local Phone Number	875-5300
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Central Index Key	0001355096
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q2
Amendment Flag	false
Common Class A
Document And Entity Information
Title of 12(b) Security	Series A common stock
Trading Symbol	QRTEA
Security Exchange Name	NASDAQ
Entity Common Stock, Shares Outstanding		387,993,706
Common Class B
Document And Entity Information
Title of 12(b) Security	Series B common stock
Trading Symbol	QRTEB
Security Exchange Name	NASDAQ
Entity Common Stock, Shares Outstanding		8,927,840
8.0% Series A Cumulative Redeemable Preferred Stock
Document And Entity Information
Title of 12(b) Security	8.0% Series A Cumulative Redeemable Preferred Stock
Trading Symbol	QRTEP
Security Exchange Name	NASDAQ

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Millions	Jun. 30, 2024	Dec. 31, 2023
Current assets:
Cash and cash equivalents	$ 1,210	$ 1,121
Trade and other receivables, net of allowance for credit losses of $86 million and $102 million, respectively	897	1,308
Inventory, net	1,122	1,044
Other current assets	187	209
Total current assets	3,416	3,682
Property and equipment, net	488	512
Intangible assets not subject to amortization (note 5):
Goodwill	3,126	3,164
Trademarks	2,698	2,698
Intangible assets not subject to amortization	5,824	5,862
Intangible assets subject to amortization, net (note 5)	457	526
Operating lease right-of-use assets	619	635
Other assets, at cost, net of accumulated amortization	135	151
Total assets	10,939	11,368
Current liabilities:
Accounts payable	762	895
Accrued liabilities	787	983
Current portion of debt, $271 million and $219 million measured at fair value (note 6)	856	642
Other current liabilities	138	97
Total current liabilities	2,543	2,617
Long-term debt (note 6)	4,483	4,698
Deferred income tax liabilities	1,468	1,531
Preferred stock (note 7)	1,272	1,270
Operating lease liabilities	612	615
Other liabilities	140	148
Total liabilities	10,518	10,879
Stockholders' equity:
Additional paid-in capital	115	99
Accumulated other comprehensive earnings (loss), net of taxes	(6)	86
Retained earnings	215	196
Total stockholders' equity	328	385
Noncontrolling interests in equity of subsidiaries	93	104
Total equity	421	489
Commitments and contingencies (note 8)
Total liabilities and equity	10,939	11,368
Series A common stock
Stockholders' equity:
Common stock value	4	4
Series B common stock
Stockholders' equity:
Common stock value
Series C common stock
Stockholders' equity:
Common stock value

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Millions	Jun. 30, 2024	Dec. 31, 2023
Allowance for credit losses	$ 86	$ 102
Current portion of debt, fair value	$ 271	$ 219
Series A common stock
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	4,000,000,000	4,000,000,000
Common stock, shares issued (in shares)	387,993,706	383,047,720
Common stock, shares outstanding (in shares)	387,993,706	383,047,720
Series B common stock
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	150,000,000	150,000,000
Common stock, shares issued (in shares)	8,927,840	8,700,380
Common stock, shares outstanding (in shares)	8,927,840	8,700,380
Series C common stock
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	4,000,000,000	4,000,000,000
Common stock, shares issued (in shares)	0	0

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Revenue:
Total revenue, net	$ 2,407	$ 2,649	$ 4,749	$ 5,293
Type of revenue	us-gaap:RetailMember	us-gaap:RetailMember	us-gaap:RetailMember	us-gaap:RetailMember
Operating costs and expenses:
Cost of goods sold (exclusive of depreciation shown separately below)	$ 1,532	$ 1,734	$ 3,043	$ 3,543
Type of cost of retail sales	us-gaap:RetailMember	us-gaap:RetailMember	us-gaap:RetailMember	us-gaap:RetailMember
Operating expense	$ 178	$ 193	$ 358	$ 387
Selling, general and administrative, including stock-based compensation (note 2)	418	466	826	944
Restructuring, penalties and fire related costs, net of (recoveries) (note 8)	18	(208)	18	(208)
Depreciation and amortization	96	104	195	204
Gain on sale of assets and leaseback transactions (note 8)		(6)	(1)	(119)
Total operating costs and expenses	2,242	2,283	4,439	4,751
Operating income (loss)	165	366	310	542
Other income (expense):
Interest expense	(119)	(123)	(236)	(217)
Dividend and interest income	15	14	27	25
Realized and unrealized gains (losses) on financial instruments, net (note 4)	(10)	(14)	(17)	(46)
Loss on disposition of Zulily, net		(64)		(64)
Other, net	(4)	6	(6)	10
Total other income (expense)	(118)	(181)	(232)	(292)
Earnings (loss) before income taxes	47	185	78	250
Income tax (expense) benefit	(15)	(66)	(38)	(98)
Net earnings (loss)	32	119	40	152
Less net earnings (loss) attributable to the noncontrolling interests	12	12	21	25
Net earnings (loss) attributable to Qurate Retail, Inc. shareholders	$ 20	$ 107	$ 19	$ 127
Earnings (Loss) Per Common Share
Basic net earnings (loss) attributable to Series A and Series B Qurate Retail, Inc. shareholders per common share (note 3): (in dollars per share)	$ 0.05	$ 0.28	$ 0.05	$ 0.33
Diluted net earnings (loss) attributable to Series A and Series B Qurate Retail, Inc. shareholders per common share (note 3): (in dollars per share)	$ 0.05	$ 0.28	$ 0.05	$ 0.33

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Earnings (Loss) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Condensed Consolidated Statements of Comprehensive Earnings (Loss)
Net earnings (loss)	$ 32	$ 119	$ 40	$ 152
Other comprehensive earnings (loss), net of taxes:
Foreign currency translation adjustments	(29)	(24)	(73)	(4)
Recognition of previously unrealized losses (gains) on debt, net		(13)		(32)
Credit risk on fair value debt instruments gains (loss)	70	(48)	(29)	81
Other comprehensive earnings (loss)	41	(85)	(102)	45
Comprehensive earnings (loss)	73	34	(62)	197
Less comprehensive earnings (loss) attributable to the noncontrolling interests	8	5	11	17
Comprehensive earnings (loss) attributable to Qurate Retail, Inc. shareholders	$ 65	$ 29	$ (73)	$ 180

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Cash flows from operating activities:
Net earnings (loss)	$ 40	$ 152
Adjustments to reconcile net earnings (loss) to net cash provided by operating activities:
Depreciation and amortization	195	204
Stock-based compensation	19	30
Realized and unrealized (gains) losses on financial instruments, net	17	46
Gain on sale of assets and sale leaseback transactions	(1)	(119)
Gain on insurance proceeds, net of fire related costs		(228)
Insurance proceeds received for operating expenses and business interruption losses		226
Loss on disposition of Zulily		64
Deferred income tax expense (benefit)	(60)	25
Other, net	6	6
Changes in operating assets and liabilities
Decrease (increase) in accounts receivable	395	403
Decrease (increase) in inventory	(84)	131
Decrease (increase) in prepaid expenses and other assets	39	61
(Decrease) increase in trade accounts payable	(122)	(220)
(Decrease) increase in accrued and other liabilities	(151)	(313)
Net cash provided (used) by operating activities	293	468
Cash flows from investing activities:
Capital expenditures	(94)	(105)
Expenditures for television distribution rights	(13)	(107)
Cash proceeds from dispositions of investments	6	71
Cash paid for disposal of Zulily		(28)
Proceeds from sale of fixed assets	6	200
Insurance proceeds received for fixed asset loss		54
Payments for settlements of financial instruments		(179)
Proceeds from settlements of financial instruments		167
Other investing activities, net	(3)	(1)
Net cash provided (used) by investing activities	(98)	72
Cash flows from financing activities:
Borrowings of debt	1,660	1,002
Repayments of debt	(1,716)	(1,320)
Dividends paid to noncontrolling interest	(22)	(24)
Dividends paid to common shareholders	(4)	(7)
Indemnification agreement settlement		25
Other financing activities, net	(3)	(2)
Net cash provided (used) by financing activities	(85)	(326)
Effect of foreign currency exchange rates on cash, cash equivalents and restricted cash	(21)	(7)
Net increase (decrease) in cash, cash equivalents and restricted cash	89	207
Cash, cash equivalents and restricted cash at beginning of period	1,136	1,285
Cash, cash equivalents and restricted cash at end of period	$ 1,225	$ 1,492

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Cash Flows (Parenthetical) - USD ($) $ in Millions	Jun. 30, 2024	Dec. 31, 2023
Condensed Consolidated Statements of Cash Flows
Cash and cash equivalents	$ 1,210	$ 1,121
Restricted cash included in other current assets	$ 15	$ 15
Restricted Cash and Cash Equivalents, Asset, Statement of Financial Position [Extensible List]	Other Assets, Current	Other Assets, Current
Total cash, cash equivalents and restricted cash in the condensed consolidated statement of cash flows	$ 1,225	$ 1,136

Condensed Consolidated Statem_5

Condensed Consolidated Statement of Equity - USD ($) $ in Millions	Common stock Series A Common stock	Additional paid-in capital	Accumulated other comprehensive earnings (loss)	Retained earnings	Noncontrolling Interest In Equity Of Subsidiaries	Total
Balance at Dec. 31, 2022	$ 4	$ 53	$ 18	$ 337	$ 113	$ 525
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net earnings (loss)				127	25	152
Other comprehensive earnings (loss)			53		(8)	45
Stock-based compensation		25				25
Distribution to noncontrolling interest					(24)	(24)
Withholding taxes on net share settlements of stock-based compensation		(1)				(1)
Other		2		3		5
Balance at Jun. 30, 2023	4	79	71	467	106	727
Balance at Mar. 31, 2023	4	67	149	358	113	691
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net earnings (loss)				107	12	119
Other comprehensive earnings (loss)			(78)		(7)	(85)
Stock-based compensation		11				11
Distribution to noncontrolling interest					(12)	(12)
Other		1		2		3
Balance at Jun. 30, 2023	4	79	71	467	106	727
Balance at Dec. 31, 2023	4	99	86	196	104	489
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net earnings (loss)				19	21	40
Other comprehensive earnings (loss)			(92)		(10)	(102)
Stock-based compensation		17				17
Distribution to noncontrolling interest					(22)	(22)
Withholding taxes on net share settlements of stock-based compensation		(2)				(2)
Other		1				1
Balance at Jun. 30, 2024	4	115	(6)	215	93	421
Balance at Mar. 31, 2024	4	107	(51)	195	96	351
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net earnings (loss)				20	12	32
Other comprehensive earnings (loss)			45		(4)	41
Stock-based compensation		8				8
Distribution to noncontrolling interest					(11)	(11)
Balance at Jun. 30, 2024	$ 4	$ 115	$ (6)	$ 215	$ 93	$ 421

Basis of Presentation

Basis of Presentation	6 Months Ended
	Jun. 30, 2024
Basis of Presentation
Basis of Presentation	(1) Basis of Presentation The accompanying condensed consolidated financial statements include the accounts of Qurate Retail, Inc. and its controlled subsidiaries (collectively, "Qurate Retail," the "Company," “Consolidated Qurate Retail,” “us,” “we,” or “our” unless the context otherwise requires). All significant intercompany accounts and transactions have been eliminated in consolidation. Qurate Retail is made up of wholly-owned subsidiaries QVC, Inc. (“QVC”), which includes HSN, Inc. (“HSN”), Cornerstone Brands, Inc. (“CBI”), and other cost method investments. Qurate Retail is primarily engaged in the video and online commerce industries in North America, Europe and Asia. The businesses of the Company’s wholly-owned subsidiaries, QVC and CBI, are seasonal due to a higher volume of sales in the fourth calendar quarter related to year-end holiday shopping. The accompanying (a) condensed consolidated balance sheet as of December 31, 2023, 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. Additionally, certain prior period amounts have been reclassified for comparability with current period presentation. These condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and notes thereto contained in Qurate Retail's Annual Report on Form 10-K for the year ended December 31, 2023 (the “2023 10-K”). 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. Qurate Retail considers (i) fair value measurements, (ii) accounting for income taxes, and (iii) estimates of retail-related adjustments and allowances to be its most significant estimates. Qurate Retail has entered into certain agreements with Liberty Media Corporation ("LMC"), a separate publicly traded company. These agreements include a reorganization agreement, services agreement and facilities sharing agreement. As a result of certain corporate transactions, LMC and Qurate Retail may have obligations to each other for certain tax related matters. Neither Qurate Retail nor LMC has any stock ownership, beneficial or otherwise, in the other. In connection with a split-off transaction that occurred in the first quarter of 2018 (the “GCI Liberty Split-Off”), Qurate Retail and GCI Liberty, Inc. (“GCI Liberty”) entered into a tax sharing agreement. Pursuant to the tax sharing agreement, GCI Liberty agreed to indemnify Qurate Retail for taxes and tax-related losses resulting from the GCI Liberty Split-Off to the extent such taxes or tax-related losses (i) result primarily from, individually or in the aggregate, the breach of certain restrictive covenants made by GCI Liberty (applicable to actions or failures to act by GCI Liberty and its subsidiaries following the completion of the GCI Liberty Split-Off), or (ii) result from Section 355(e) of the Internal Revenue Code applying to the GCI Liberty Split-Off as a result of the GCI Liberty Split-Off being part of a plan (or series of related transactions) pursuant to which one or more persons acquire, directly or indirectly, a 50-percent or greater interest (measured by vote or value) in the stock of GCI Liberty (or any successor corporation). Following a merger between Liberty Broadband Corporation (“Liberty Broadband”) and GCI Liberty, Liberty Broadband has assumed the tax sharing agreement. ​ In December 2019, the Company entered into an amended services agreement. Under the amended services agreement, components of LMC’s Chief Executive Officer’s compensation are either paid directly to him or reimbursed to LMC, in each case, based on allocations set forth in the amended services agreement , currently set at 10% for the Company but subject to adjustment on an annual basis and upon the occurrence of certain events. ​ The reorganization agreement with LMC provides for, among other things, provisions governing the relationship between Qurate Retail and LMC, including certain cross-indemnities. Pursuant to the services agreement, LMC provides Qurate Retail with certain general and administrative services including legal, tax, accounting, treasury, information technology, cybersecurity and investor relations support. Qurate Retail reimburses LMC for direct, out-of-pocket expenses incurred by LMC in providing these services and for Qurate Retail's allocable portion of costs associated with any shared services or personnel based on an estimated percentage of time spent providing services to Qurate Retail. Under the facilities sharing agreement, LMC shares office space and related amenities at its corporate headquarters with Qurate Retail. Under these various agreements, approximately $3 million and $2 million was reimbursable to LMC for the three months ended June 30, 2024 and 2023, respectively, and $6 million and $4 million for the six months ended June 30, 2024 and 2023, respectively. Qurate Retail had a tax sharing payable to Liberty Broadband in the amount of approximately $20 million and $16 million as of June 30, 2024 and December 31, 2023, respectively, included in other liabilities in the condensed consolidated balance sheets. ​ Zulily, LLC (“Zulily”) was a wholly owned subsidiary of Qurate Retail until its divestiture on May 24, 2023. Qurate Retail recognized a loss on the divestiture of $64 million in the second quarter of 2023. Zulily is included in Corporate and other through May 23, 2023 and is not presented as a discontinued operation as the disposition did not represent a strategic shift that had a major effect on Qurate Retail’s operations and financial results. ​ Included in revenue in the accompanying condensed consolidated statements of operations is $109 million and $301 million for the three and six months ended June 30, 2023, respectively, related to Zulily. Included in net earnings (loss) in the accompanying condensed consolidated statement of operations are losses of $9 million and $44 million for the three and six months ended June 30, 2023, respectively, related to Zulily. ​

Stock-Based Compensation

Stock-Based Compensation	6 Months Ended
	Jun. 30, 2024
Stock-Based Compensation
Stock-Based Compensation	(2) Stock-Based Compensation The Company has granted to certain of its directors, employees and employees of its subsidiaries, restricted stock (“RSAs”), restricted stock units (“RSUs”) and options to purchase shares of the Company’s 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 RSAs) based on the grant-date fair value (“GDFV”) 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 based on the current fair value of the Award, and remeasures the fair value of the Award at each reporting date. Included in selling, general and administrative expenses in the accompanying condensed consolidated statements of operations are $3 million and $14 million of stock-based compensation during the three months ended June 30, 2024 and 2023, respectively, and $19 million and $30 million of stock-based compensation during the six months ended June 30, 2024 and 2023, respectively. Qurate Retail—RSUs During the six months ended June 30, 2024 and in connection with their employment agreements, Qurate Retail granted 3.7 million performance-based, stock-settled RSUs of Series A Qurate Retail common stock (“QRTEA”) to our President and Chief Executive Officer and 296 thousand performance-based, stock-settled RSUs of Series B Qurate Retail common stock (“QRTEB”) to our Chairman of the Board. Such RSUs had a GDFV of $1.23 per share and $5.01 per share, respectively, and vest one year from the month ​ The following table presents the number of cash-settled RSUs granted by the Company during the six months ended June 30, 2024: ​ ​ ​ ​ ​ ​ ​ ​ Six months ended ​ ​ ​ ​ June 30, 2024 ​ ​ ​ ​ RSUs Granted (000's) ​ ​ ​ ​ ​ ​ ​ QRTEA time-based RSUs, subsidiary employees (1) ​ 20,945 ​ ​ QRTEA performance-based RSUs, subsidiary employees (2) ​ 20,305 ​ ​ QRTEA performance-based RSUs, Qurate Retail employees (3) ​ 921 ​ ​ (1) Grants mainly vest equally over three years . (2) Grants vest equally over three years , subject to the satisfaction of certain performance objectives. (3) Grants vest one year from the month of grant, subject to the satisfaction of certain performance objectives. For cash-settled RSUs, the liability and compensation expense related to such awards is adjusted at the end of each reporting period based on the closing market price of QRTEA on the last trading day of the quarter. For awards that are performance-based, performance objectives, which are subjective, are considered in determining the timing and amount of compensation expense recognized. When the satisfaction of the performance objectives becomes probable, the Company records compensation expense. The probability of satisfying the performance objectives is assessed at the end of each reporting period. Qurate Retail—Outstanding Awards The following tables present the number and weighted average exercise price ("WAEP") of the options to purchase Qurate Retail common stock granted to certain officers, employees and directors of the Company, as well as the weighted average remaining life and aggregate intrinsic value of the options. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted Aggregate ​ ​ ​ ​ ​ ​ ​ average ​ intrinsic ​ ​ ​ Series A ​ ​ ​ ​ remaining ​ value ​ ​ ​ (000's) ​ WAEP ​ life ​ (millions) ​ Options outstanding at January 1, 2024 23,530 ​ $ 7.72 ​ ​ ​ ​ ​ ​ ​ Granted — ​ $ — ​ ​ ​ ​ ​ ​ ​ Exercised — ​ $ — ​ ​ ​ ​ ​ ​ ​ Forfeited/Cancelled (3,203) ​ $ 10.62 ​ ​ ​ ​ ​ ​ ​ Options outstanding at June 30, 2024 20,327 ​ $ 7.26 2.3 years ​ $ — ​ Options exercisable at June 30, 2024 18,020 ​ $ 7.10 2.1 years ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted Aggregate ​ ​ ​ ​ ​ ​ ​ average ​ intrinsic ​ ​ ​ Series B ​ ​ ​ ​ remaining ​ value ​ ​ ​ (000's) ​ WAEP ​ life ​ (millions) ​ Options outstanding at January 1, 2024 723 ​ $ 12.35 ​ ​ ​ ​ ​ ​ ​ Granted — ​ $ — ​ ​ ​ ​ ​ ​ ​ Exercised — ​ $ — ​ ​ ​ ​ ​ ​ ​ Forfeited/Cancelled ​ (316) ​ $ 11.59 ​ ​ ​ ​ ​ ​ ​ Options outstanding at June 30, 2024 407 ​ $ 12.95 0.8 years ​ $ — ​ Options exercisable at June 30, 2024 407 ​ $ 12.95 0.8 years ​ $ — ​ ​ ​ ​ ​ The following table presents the number and weighted average GDFV of stock-settled RSUs granted to certain officers, employees and directors of the Company. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted ​ ​ ​ Weighted ​ ​ ​ Series A ​ Average ​ Series B ​ Average ​ ​ ​ (000's) ​ GDFV ​ (000's) ​ GDFV ​ RSUs outstanding at January 1, 2024 14,691 ​ $ 3.30 ​ 353 ​ $ 5.51 ​ Granted 3,740 ​ $ 1.23 ​ 296 ​ $ 5.01 ​ Vested (5,675) ​ $ 3.73 ​ (353) ​ $ 4.85 ​ Forfeited/Cancelled (1,831) ​ $ 2.33 ​ — ​ $ — ​ RSUs outstanding at June 30, 2024 10,925 ​ $ 2.53 ​ 296 ​ $ 5.01 ​ ​ As of June 30, 2024, Qurate Retail also had 1.1 million QRTEB RSAs outstanding with a GDFV of $13.65 per share. ​ As of June 30, 2024, the total unrecognized compensation cost related to unvested Awards was approximately $39 million. Such amount will be recognized in the Company's consolidated statements of operations over a weighted average period of approximately 1.7 years. As of June 30, 2024, Qurate Retail reserved for issuance upon exercise of outstanding stock options approximately 20.3 million shares of QRTEA and 0.4 million shares of QRTEB.

Earnings (Loss) Per Common Shar

Earnings (Loss) Per Common Share	6 Months Ended
	Jun. 30, 2024
Earnings (Loss) Per Common Share
Earnings (Loss) Per Common Share	(3) 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 ("WASO") 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. Potentially dilutive shares are excluded from the computation of diluted EPS during periods in which losses are reported since the result would be antidilutive. Excluded from diluted EPS for the three months ended June 30, 2024 and 2023 are 21 million and 26 million potential common shares, respectively, because their inclusion would have been antidilutive. Excluded from diluted EPS for the six months ended June 30, 2024 and 2023 are 21 million and 28 million potential common shares, respectively, because their inclusion would have been antidilutive. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Qurate Retail Common Stock ​ ​ Three months ended Six months ended ​ ​ ​ June 30, ​ June 30, ​ ​ ​ 2024 ​ 2023 ​ 2024 ​ 2023 ​ ​ ​ number of shares in millions ​ Basic WASO 396 ​ 388 394 385 ​ Potentially dilutive shares 1 ​ 1 1 1 ​ Diluted WASO 397 ​ 389 395 386 ​ ​

Assets and Liabilities Measured

Assets and Liabilities Measured at Fair Value	6 Months Ended
	Jun. 30, 2024
Assets and Liabilities Measured at Fair Value
Assets and Liabilities Measured at Fair Value	(4) 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 ​ Fair Value Measurements at ​ ​ June 30, 2024 ​ December 31, 2023 ​ ​ ​ Quoted ​ ​ Quoted ​ ​ ​ ​ ​ ​ prices ​ ​ ​ ​ ​ prices ​ ​ ​ ​ ​ ​ ​ in active ​ Significant ​ ​ ​ in active ​ Significant ​ ​ ​ ​ ​ markets for ​ other ​ ​ ​ markets for ​ other ​ ​ ​ ​ ​ identical ​ observable ​ ​ ​ identical ​ observable ​ ​ ​ ​ ​ assets ​ inputs ​ ​ ​ assets ​ inputs Description ​ Total ​ (Level 1) ​ (Level 2) ​ Total ​ (Level 1) ​ (Level 2) ​ ​ amounts in millions Cash equivalents ​ $ 950 950 — 726 726 — ​ Debt ​ $ 271 — 271 219 — 219 ​ ​ The majority of the Company's Level 2 financial assets and liabilities are primarily debt instruments and derivative instruments with quoted market prices that are not considered to be traded on "active markets," as defined in GAAP. The fair values for such instruments are derived from a typical model using observable market data as the significant inputs. ​ 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 ​ Six months ended ​ ​ June 30, ​ June 30, ​ 2024 2023 2024 2023 ​ ​ amounts in millions Equity securities ​ ​ — ​ (14) ​ (2) ​ (17) ​ Exchangeable senior debentures ​ (10) 18 (15) (13) ​ Other financial instruments ​ ​ — ​ (18) ​ — ​ (16) ​ ​ ​ $ (10) (14) (17) (46) ​ ​ The Company has elected to account for its exchangeable debt using the fair value option. Changes in the fair value of the exchangeable senior debentures recognized in the condensed consolidated statement of operations are primarily due to market factors primarily driven by changes in the fair value of the underlying shares into which the debt is exchangeable. The Company isolates the portion of the unrealized gain (loss) attributable to the change in the instrument specific credit risk and recognizes such amount in other comprehensive earnings (loss). During the three and six months ended June 30, 2023, the Company recognized $19 million and $44 million, respectively, of previously unrecognized gains, which was recognized through realized and unrealized gains (losses) on financial instruments, net on the condensed consolidated statement of operations.

Intangible Assets

Intangible Assets	6 Months Ended
	Jun. 30, 2024
Intangible Assets
Intangible Assets	(5) Intangible Assets Goodwill Changes in the carrying amount of goodwill are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ QxH ​ QVC Int'l ​ CBI Total ​ ​ amounts in millions Balance at January 1, 2024 ​ $ 2,367 ​ 785 ​ 12 3,164 ​ Foreign currency translation adjustments ​ — ​ (38) ​ — (38) ​ Balance at June 30, 2024 ​ $ 2,367 ​ 747 ​ 12 3,126 ​ ​ Intangible Assets Subject to Amortization Amortization expense for intangible assets with finite useful lives was $73 million and $78 million for the three months ended June 30, 2024 and 2023, respectively, and $150 million and $152 million for the six months ended June 30, 2024 and 2023, respectively. Based on its amortizable intangible assets as of June 30, 2024, Qurate Retail expects that amortization expense will be as follows for the next five years (amounts in millions): ​ ​ ​ ​ ​ ​ Remainder of 2024 $ 144 ​ 2025 ​ $ 185 ​ 2026 ​ $ 114 ​ 2027 ​ $ 14 ​ 2028 ​ $ — ​ ​

Long-Term Debt

Long-Term Debt	6 Months Ended
	Jun. 30, 2024
Long-Term Debt
Long-Term Debt	(6) Long-Term Debt Debt is summarized as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Outstanding ​ ​ ​ ​ ​ ​ ​ principal at ​ Carrying value ​ June 30, 2024 June 30, 2024 December 31, 2023 ​ ​ amounts in millions Corporate level debentures ​ ​ ​ ​ ​ ​ ​ ​ ​ 8.5% Senior Debentures due 2029 ​ $ 287 ​ 286 286 ​ 8.25% Senior Debentures due 2030 ​ 505 ​ 503 503 ​ 4% Exchangeable Senior Debentures due 2029 (1) ​ ​ 351 ​ ​ 105 ​ 101 ​ 3.75% Exchangeable Senior Debentures due 2030 (1) ​ ​ 428 ​ ​ 166 ​ 118 ​ Subsidiary level notes and facilities ​ ​ ​ ​ ​ ​ ​ ​ ​ QVC 4.85% Senior Secured Notes due 2024 ​ — ​ — 423 ​ QVC 4.45% Senior Secured Notes due 2025 ​ ​ 586 ​ ​ 585 ​ 585 ​ QVC 4.75% Senior Secured Notes due 2027 ​ ​ 575 ​ ​ 575 ​ 575 ​ QVC 4.375% Senior Secured Notes due 2028 ​ ​ 500 ​ ​ 500 ​ 500 ​ QVC 5.45% Senior Secured Notes due 2034 ​ ​ 400 ​ ​ 400 ​ 399 ​ QVC 5.95% Senior Secured Notes due 2043 ​ 300 ​ 300 300 ​ QVC 6.375% Senior Secured Notes due 2067 ​ ​ 225 ​ ​ 225 ​ 225 ​ QVC 6.25% Senior Secured Notes due 2068 ​ ​ 500 ​ ​ 500 ​ 500 ​ QVC Senior Secured Credit Facility ​ ​ 1,225 ​ ​ 1,225 ​ 857 ​ Deferred loan costs ​ ​ — ​ ​ (31) ​ (32) ​ Total consolidated Qurate Retail debt ​ $ 5,882 ​ 5,339 5,340 ​ Less current classification ​ ​ ​ ​ (856) (642) ​ Total long-term debt ​ ​ ​ ​ $ 4,483 4,698 ​ (1) Measured at fair value QVC Senior Secured Notes ​ During the second quarter of 2023, QVC purchased $177 million of the outstanding 4.85% Senior Secured Notes due 2024 (the "2024 Notes") and $15 million of the outstanding 4.45% Senior Secured Notes due 2025 (the "2025 Notes"). As a result of the repurchases, the Company recorded a gain on extinguishment of debt of $10 million for the three and six months ended June 30, 2023, which is included in other, net in the condensed consolidated statements of operations. On February 27, 2024, QVC delivered a notice of redemption to the trustee and holders of the 2024 Notes. Pursuant to the notice of redemption, QVC redeemed the remaining outstanding 2024 Notes in full on March 28, 2024. As of June 30, 2024, the remaining outstanding 2025 Notes are classified within the current portion of long-term debt as they mature in less than one year. ​ The senior secured notes permit QVC to make unlimited dividends or other restricted payments so long as QVC is not in default under the indentures governing the senior secured notes and QVC’s consolidated leverage ratio is not greater than 3.5 to 1.0 (the “senior secured notes leverage basket”). As of June 30, 2024, QVC’s consolidated leverage ratio (as calculated under QVC’s senior secured notes) was greater than 3.5 to 1.0 and as a result QVC is restricted in its ability to make dividends or other restricted payments under the senior secured notes. Although QVC will not be able to make unlimited dividends or other restricted payments under the senior secured notes leverage basket, QVC will continue to be permitted to make unlimited dividends to parent entities of QVC to service the principal and interest when due in respect of indebtedness of such parent entities (so long as there is no default under the indentures governing QVC’s senior secured notes) and permitted to make certain restricted payments to Qurate Retail under an intercompany tax sharing agreement in respect of certain tax obligations of QVC and its subsidiaries. ​ QVC Senior Secured Credit Facility ​ On October 27, 2021, QVC amended and restated its latest credit agreement (as amended and restated, the “Fifth Amended and Restated Credit Agreement”) and refinanced QVC’s existing bank credit facility by entering into the Fifth Amended and Restated Credit Agreement with Zulily, CBI, and QVC Global Corporate Holdings, LLC (“QVC Global”), each a direct or indirect (or former, in the case of Zulily) wholly owned subsidiary of Qurate Retail, as borrowers (QVC, Zulily, CBI and QVC Global, collectively, the “Borrowers”), JPMorgan Chase Bank, N.A., as administrative agent, and the other parties named therein. In connection with the Zulily divestiture (see note 1), Zulily is no longer a co-borrower in the Credit Facility, and Zulily repaid its outstanding borrowings under the Fifth Amended and Restated Credit Agreement using cash contributed from Qurate Retail, which was approximately $80 million. ​ The Fifth Amended and Restated Credit Agreement is a multi-currency facility providing for a $3.25 billion revolving credit facility (the “Credit Facility”), with a $450 million sub-limit for letters of credit and an alternative currency revolving sub-limit equal to 50% of the revolving commitments thereunder. The Credit Facility may be borrowed by any Borrower, with each Borrower jointly and severally liable for the outstanding borrowings. Borrowings under the Fifth Amended and Restated Credit Agreement bear interest at either the alternate base rate (such rate, the “ABR Rate”) or a London Inter-bank Offered Rate (“LIBOR”)-based rate (or the applicable non-U.S. Dollar equivalent rate) (such rate, the “Term Benchmark/RFR Rate”) at the applicable Borrower’s election in each case plus a margin. Borrowings that are ABR Rate loans will bear interest at a per annum rate equal to the base rate plus a margin that varies between 0.25% and 0.625% depending on the Borrowers’ combined ratio of consolidated total debt to consolidated EBITDA (the “consolidated leverage ratio”). Borrowings that are Term Benchmark/RFR Rate loans will bear interest at a per annum rate equal to the applicable rate plus a margin that varies between 1.25% and 1.625% depending on the Borrowers’ consolidated leverage ratio. Each loan may be prepaid at any time and from time to time without penalty other than customary breakage costs. No mandatory prepayments will be required other than when borrowings and letter of credit usage exceed availability; provided that, if CBI, QVC Global or any other borrower under the Credit Facility (other than QVC) is removed, at the election of QVC, as a borrower thereunder, all of its loans must be repaid and its letters of credit are terminated or cash collateralized. Any amounts prepaid on the Credit Facility may be reborrowed. ​ On June 20, 2023, QVC, QVC Global and CBI, as borrowers, JPMorgan Chase Bank, N.A., as administrative agent, and the other parties thereto entered into an agreement whereby, in accordance with the Fifth Amended and Restated Credit Agreement, LIBOR-based rate loans denominated in U.S. dollars made on or after June 30, 2023 would be replaced with SOFR-based rate loans. Borrowings that are Secured Overnight Financing Rate (“SOFR”)-based loans will bear interest at a per annum rate equal to the applicable SOFR rate, plus a credit spread adjustment, plus a margin that varies between 1.25% and 1.625% depending on the Borrowers’ consolidated leverage ratio. ​ The loans under the Credit Facility are scheduled to mature on October 27, 2026. Payment of the loans may be accelerated following certain customary events of default. ​ The payment and performance of the Borrowers’ obligations under the Fifth Amended and Restated Credit Agreement are guaranteed by each of QVC’s, QVC Global’s, and CBI’s Material Domestic Subsidiaries (as defined in the Fifth Amended and Restated Credit Agreement), if any, and certain other subsidiaries of any Borrower that such Borrower has chosen to provide guarantees. Further, the borrowings under the Fifth Amended and Restated Credit Agreement are secured, pari passu with QVC’s existing notes, by a pledge of all of QVC’s equity interests. The borrowings under the Fifth Amended and Restated Credit Agreement are also secured by a pledge of all of CBI’s equity interests. ​ The Fifth Amended and Restated Credit Agreement contains certain affirmative and negative covenants, including certain restrictions on the Borrowers and each of their respective restricted subsidiaries (subject to certain exceptions) with respect to, among other things: incurring additional indebtedness; creating liens on property or assets; making certain loans or investments; selling or disposing of assets; paying certain dividends and other restricted payments; dissolving, consolidating or merging; entering into certain transactions with affiliates; entering into sale or leaseback transactions; restricting subsidiary distributions; and limiting the Borrowers’ consolidated leverage ratio. ​ Borrowings under the Fifth Amended and Restated Credit Agreement may be used to repay outstanding indebtedness, pay certain fees and expenses, finance working capital needs and general purposes of the Borrowers and their respective subsidiaries and make certain restricted payments and loans to the Borrowers’ respective parents and affiliates. ​ Availability under the Fifth Amended and Restated Credit Agreement at June 30, 2024 was $1,860 million. The interest rate on the Credit Facility was 6.9% and 6.6% at June 30, 2024 and 2023, respectively. ​ Exchangeable Senior Debentures ​ The Company has elected to account for its exchangeable senior debentures using the fair value option. Accordingly, changes in the fair value of these instruments are recognized as unrealized gains (losses) in the statements of operations. See note 4 for information related to unrealized gains (losses) on debt measured at fair value. As of June 30, 2024 the Company’s 3.75% and 4.0% Exchangeable Debentures have been classified as current because the Company does not own shares to exchange the debentures. The Company reviews the terms of the debentures on a quarterly basis to determine whether a triggering event has occurred to require current classification of the exchangeables upon a call event. Fair Value of Debt Qurate Retail 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 Qurate Retail for debt of the same remaining maturities (Level 2). The QVC 6.375% Senior Secured Notes due 2067 (“2067 Notes”) and the QVC 6.25% Senior Secured Notes Due 2068 (“2068 Notes”) are traded on the New York Stock Exchange, and the Company considers them to be actively traded. As such, the 2067 Notes and 2068 Notes are valued based on their trading price (Level 1). The fair value of Qurate Retail's publicly traded debt securities that are not reported at fair value in the accompanying condensed consolidated balance sheet at June 30, 2024 are as follows (amounts in millions): ​ ​ ​ ​ ​ ​ Senior debentures ​ $ 384 ​ QVC senior secured notes $ 2,210 ​ ​ Due to the variable rate nature, Qurate Retail believes that the carrying amount of its other debt, not discussed above, approximated fair value at June 30, 2024.

Preferred Stock

Preferred Stock	6 Months Ended
	Jun. 30, 2024
Preferred Stock.
Preferred Stock	(7) Preferred Stock ​ On September 14, 2020, Qurate Retail issued its 8.0% Series A Cumulative Redeemable Preferred Stock, par value $0.01 per share (the “Preferred Stock”). There were 13,500,000 shares of Preferred Stock authorized and 12,723,213 shares of Preferred Stock issued and outstanding ​ Priority. The Preferred Stock ranks senior to the shares of Qurate Retail common stock, with respect to dividend rights, rights of redemption and rights on the distribution of assets on any voluntary or involuntary liquidation, dissolution or winding up of Qurate Retail’s affairs. Shares of Preferred Stock are not convertible into shares of Qurate Retail common stock. ​ Dividends. ​ The ability of Qurate Retail to declare or pay any dividend on, or purchase, redeem, or otherwise acquire, any of its common stock or any other stock ranking on parity with the Preferred Stock will be subject to restrictions if Qurate Retail does not pay all dividends and all redemption payments on the Preferred Stock, subject to certain exceptions as set forth in the Certificate of Designations. ​ Distributions upon Liquidation, Dissolution or Winding Up. Upon Qurate Retail’s liquidation, winding-up or dissolution, each holder of shares of the Preferred Stock will be entitled to receive, before any distribution is made to the holders of Qurate Retail common stock, an amount equal to the liquidation price plus all unpaid dividends (whether or not declared) accrued from the immediately preceding dividend payment date, subject to the prior payment of liabilities owed to Qurate Retail’s creditors and the preferential amounts to which any stock senior to the Preferred Stock is entitled. The Preferred Stock has a liquidation price equal to the sum of (i) $100 , plus (ii) all accrued and unpaid dividends (whether or not declared) that have been added to the liquidation price. ​ Mandatory and Optional Redemption. The Preferred Stock is subject to mandatory redemption on March 15, 2031 at the liquidation price plus all unpaid dividends (whether or not declared) accrued from the most recent dividend payment date . On or after the fifth anniversary of September 14, 2020 (the “Original Issue Date”), Qurate Retail may redeem all or a portion of the outstanding shares of Preferred Stock, at the liquidation price plus all unpaid dividends (whether or not declared) accrued from the most recent dividend payment date plus, if the redemption is (x) on or after the fifth anniversary of the Original Issue Date but prior to its sixth anniversary, 4.00% of the liquidation price, (y) on or after the sixth anniversary of the Original Issue Date but prior to its seventh anniversary, 2.00% of the liquidation price and (z) on or after the seventh anniversary of the Original Issue Date, zero . Both mandatory and optional redemptions must be paid in cash. ​ Voting Power. Holders of the Preferred Stock will not have any voting rights or powers, except as specified in the Certificate of Designations or as required by Delaware law. ​ Preferred Stock Directors . So long as the aggregate liquidation price of the outstanding shares of Preferred Stock exceeds 25% of the aggregate liquidation price of the shares of Preferred Stock issued on the Original Issue Date, holders of Preferred Stock will have certain director election rights as described in the Certificate of Designations whenever dividends on shares of Preferred Stock have not been declared and paid for two consecutive dividend periods and whenever Qurate Retail fails to pay the applicable redemption price in full with respect to any redemption of the Preferred Stock or fails to make a payment with respect to the Preferred Stock in connection with a liquidation or Extraordinary Transactions (as defined in the Certificate of Designations). ​ Recognition . As the Preferred Stock is subject to unconditional mandatory redemption in cash and was issued in the form of a share, the Company concluded the Preferred Stock was a mandatorily redeemable financial instrument and should be classified as a liability in the condensed consolidated balance sheets. The Preferred Stock was initially recorded at its fair value, which was determined to be the liquidation preference of $100 per share, and continues to be recorded at this value until the settlement date. Given the liability classification of the Preferred Stock, all dividends accrued will be classified as interest expense in the condensed consolidated statements of operations. The fair value of the Preferred Stock (level 1) was $535 million as of June 30, 2024. ​

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 30, 2024
Commitments and Contingencies.
Commitments and Contingencies	(8) Commitments and Contingencies Litigation The Company has contingent liabilities related to legal and tax proceedings and other matters arising in the ordinary course of business. Although it is reasonably possible Qurate Retail 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. Fire at Rocky Mount Fulfillment Center On December 18, 2021, QVC experienced a fire at its Rocky Mount fulfillment center in North Carolina. Rocky Mount was QVC’s second-largest fulfillment center for the operating segment comprised of QVC U.S. and HSN (“QxH”) and QVC’s primary returns center for hard goods. QVC maintains property, general liability and business interruption insurance coverage. In June 2023, QVC agreed to a final insurance settlement with its insurance company and received all remaining proceeds related to the Rocky Mount claim. During the three and six months ended June 30, 2023, QVC received $225 million and $280 million of insurance proceeds, of which $210 million represented recoveries for business interruption losses. During the three and six months ended June 30, 2023, QVC recorded $16 million and $27 million of fire related costs, respectively, and recognized net gains of $209 million and $213 million, respectively, representing proceeds received in excess of recoverable losses, in restructuring, penalties and fire related costs, net of (recoveries) in the condensed consolidated statement of operations. ​ In February 2023, QVC sold the Rocky Mount fulfillment center to an independent third party and received cash proceeds of $2 million and $17 million during the three and six months ended June 30, 2023, respectively. QVC recognized gains on the sale of $2 million and $15 million during the three and six months ended June 30, 2023, respectively, calculated as the difference between the aggregate consideration received and the carrying value of the property. The gain is included in restructuring, penalties and fire related costs, net of (recoveries) in the condensed consolidated statement of operations. ​ QVC Restructuring ​ On June 27, 2022, Qurate Retail announced a five-point turnaround plan designed to stabilize and differentiate its core QVC U.S. and HSN brands and expand the Company's leadership in video streaming commerce (“Project Athens”). Project Athens main initiatives include: (i) improve customer experience and grow relationships; (ii) rigorously execute core processes; (iii) lower cost to serve; (iv) optimize the brand portfolio; and (v) build new high growth businesses. ​ During 2022, QVC commenced the first phase of Project Athens including actions to reduce inventory and a planned workforce reduction that was completed in February 2023. During the six months ended June 30, 2023, QVC recorded restructuring charges During the second quarter of 2024, QVC entered into an agreement and announced a plan to shift its global operating model for information technology services to a managed services model. As a result, during the three and six months ended June 30, 2024 QVC recorded restructuring charges of $18 million in restructuring, penalties and fire related costs, net of (recoveries) in the condensed consolidated statement of operations. Zulily Restructuring In the first quarter of 2022, Zulily began to execute a series of transformation initiatives, beginning with the announcement of the closure of its fulfillment center in Bethlehem, Pennsylvania, and reduction in corporate workforce. These initiatives were consistent with Zulily’s strategy to operate more efficiently as it implemented its turnaround plan. Zulily recorded $1 million of restructuring charges during the three months ended June 30, 2023, and $5 million of restructuring charges during the six months ended June 30, 2023 related to its reduction in corporate workforce. See note 1 for a discussion regarding the Company’s divestiture of Zulily on May 24, 2023. Gains on sale leaseback transactions ​ In November 2022, QVC entered into agreements to sell two properties located in Germany and the United Kingdom (“U.K.”) to an independent third party. Under the terms of the agreements, QVC received net cash proceeds of $102 million related to its German facility and $80 million related to its U.K. facility when the sale closed in January 2023. Concurrent with the sale, the Company entered into agreements to lease each of the properties back from the purchaser over an initial term of 20 years with the option to extend the terms of the property leases for up to four consecutive terms of five years . QVC recorded a gain of $ 69 million and $44 million related to the successful sale leaseback of the German and U.K. properties, respectively, during the first quarter of 2023 calculated as the difference between the aggregate consideration received and the carrying value of the properties. QVC accounted for the leases as operating at the close of the sale leaseback transaction, leases and recorded a $42 million and $32 million right-of-use asset and operating lease liability for the German and U.K. properties, respectively. ​ In December 2023, QVC entered into an agreement to sell an owned and operated property in Germany to an independent third party. This property was owned and considered held for sale as of December 31, 2023, and is included in other assets, at cost, net of accumulated amortization in the condensed consolidated balance sheet. Under the terms of the agreement, QVC received net cash proceeds of $6 million related to its German facility when the sale closed in February 2024. QVC recognized a $1 million gain related to the sale during the first quarter of 2024, calculated as the difference between the aggregate consideration received and the carrying value of the property. asset ​ On October 31, 2022, the Company entered into foreign currency forward contracts with an aggregate notional amount of $167 million to mitigate the foreign currency risk associated with the sale and leaseback of the Germany and U.K. properties. The forwards did not qualify as cash flow hedges under GAAP. Changes in the fair value of the forwards are reflected in realized and unrealized gains (losses) on financial instruments, net in the condensed consolidated statements of operations. The contracts expired in January 2023 which resulted in a net cash settlement of $12 million. ​

Information About Qurate Retail

Information About Qurate Retail's Operating Segments	6 Months Ended
	Jun. 30, 2024
Information About Qurate Retail's Operating Segments
Information About Qurate Retail's Operating Segments	(9) Information About Qurate Retail's Operating Segments Qurate Retail, through its ownership interests in subsidiaries and other companies, is primarily engaged in the video and online commerce industries. Qurate Retail identifies its reportable segments as (A) those operating segments that represent 10% or more of its consolidated annual revenue, annual Adjusted OIBDA (as defined below) or total assets and (B) those equity method affiliates whose share of earnings represent 10% or more of Qurate Retail's annual pre-tax earnings. The Qurate Retail chief operating decision maker primarily evaluates performance and makes decisions about allocating resources to its operating segments based on financial measures such as revenue and Adjusted OIBDA. In addition, Qurate Retail reviews nonfinancial measures such as unique website visitors, number of units shipped, conversion rates and active customers, as appropriate. For the six months ended June 30, 2024, Qurate Retail has identified the following operating segments as its reportable segments: ● QxH – QVC U.S. and HSN market and sell a wide variety of consumer products in the U.S., primarily by means of their televised shopping programs and via the Internet through their websites and mobile applications. ● QVC International – QVC International markets and sells a wide variety of consumer products in several foreign countries, primarily by means of its televised shopping programs and via the Internet through its international websites and mobile applications. ● CBI – CBI consists of a portfolio of aspirational home and apparel brands in the U.S. that sell merchandise through brick-and-mortar retail locations as well as via the Internet through their websites. Qurate Retail'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 are the same as those described in the Company's Summary of Significant Accounting Policies in the 2023 10-K. Performance Measures Disaggregated revenue by segment and product category consisted of the following: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three months ended ​ ​ ​ June 30, 2024 ​ ​ ​ ​ QxH ​ QVC Int'l ​ CBI ​ Corp and other ​ Total ​ ​ in millions ​ Home ​ $ 596 ​ 221 ​ 234 ​ — ​ 1,051 ​ Apparel ​ ​ 328 ​ 105 ​ 39 ​ — ​ 472 ​ Beauty ​ ​ 239 ​ 141 ​ — ​ — ​ 380 ​ Accessories ​ ​ 212 ​ 53 ​ — ​ — ​ 265 ​ Electronics ​ ​ 73 ​ 16 ​ — ​ — ​ 89 ​ Jewelry ​ ​ 73 ​ 39 ​ — ​ — ​ 112 ​ Other revenue ​ ​ 37 ​ 1 ​ — ​ — ​ 38 ​ Total Revenue ​ $ 1,558 ​ 576 ​ 273 ​ — ​ 2,407 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Six months ended ​ ​ ​ June 30, 2024 ​ ​ ​ ​ QxH ​ QVC Int'l ​ CBI ​ Corp and other ​ Total ​ ​ in millions ​ Home ​ $ 1,185 ​ 458 ​ 423 ​ — ​ 2,066 ​ Apparel ​ ​ 610 ​ 213 ​ 81 ​ — ​ 904 ​ Beauty ​ ​ 478 ​ 270 ​ — ​ — ​ 748 ​ Accessories ​ ​ 413 ​ 101 ​ — ​ — ​ 514 ​ Electronics ​ ​ 181 ​ 31 ​ — ​ — ​ 212 ​ Jewelry ​ ​ 153 ​ 72 ​ — ​ — ​ 225 ​ Other revenue ​ ​ 77 ​ 3 ​ — ​ — ​ 80 ​ Total Revenue ​ $ 3,097 ​ 1,148 ​ 504 ​ — ​ 4,749 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three months ended ​ ​ June 30, 2023 ​ ​ ​ QxH ​ QVC Int'l ​ CBI ​ Corp and other ​ Total ​ ​ in millions Home ​ $ 602 ​ 244 ​ 275 ​ 26 ​ 1,147 Apparel ​ ​ 340 ​ 111 ​ 41 ​ 43 ​ 535 Beauty ​ ​ 264 ​ 143 ​ — ​ 5 ​ 412 Accessories ​ ​ 223 ​ 56 ​ — ​ 28 ​ 307 Electronics ​ ​ 82 ​ 15 ​ — ​ — ​ 97 Jewelry ​ ​ 65 ​ 35 ​ — ​ 3 ​ 103 Other revenue ​ ​ 42 ​ 2 ​ — ​ 4 ​ 48 Total Revenue ​ $ 1,618 ​ 606 ​ 316 ​ 109 ​ 2,649 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Six months ended ​ ​ ​ June 30, 2023 ​ ​ ​ ​ QxH ​ QVC Int'l ​ CBI ​ Corp and other ​ Total ​ ​ in millions ​ Home ​ $ 1,237 ​ 481 ​ 489 ​ 76 ​ 2,283 ​ Apparel ​ ​ 635 ​ 224 ​ 86 ​ 113 ​ 1,058 ​ Beauty ​ ​ 510 ​ 276 ​ — ​ 14 ​ 800 ​ Accessories ​ ​ 415 ​ 107 ​ — ​ 78 ​ 600 ​ Electronics ​ ​ 192 ​ 32 ​ — ​ 2 ​ 226 ​ Jewelry ​ ​ 142 ​ 74 ​ — ​ 11 ​ 227 ​ Other revenue ​ ​ 88 ​ 4 ​ — ​ 7 ​ 99 ​ Total Revenue ​ $ 3,219 ​ 1,198 ​ 575 ​ 301 ​ 5,293 ​ ​ ​ ​ Adjusted OIBDA is summarized as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three months ended June 30, ​ Six months ended June 30, ​ ​ ​ ​ 2024 ​ 2023 ​ ​ 2024 ​ 2023 ​ ​ ​ amounts in millions ​ ​ ​ ​ ​ ​ QxH ​ $ 194 185 ​ ​ 379 324 ​ QVC International ​ ​ 77 ​ 77 ​ ​ 152 ​ 149 ​ CBI ​ 19 25 ​ ​ 25 29 ​ Corporate and other ​ (8) (17) ​ ​ (15) (53) ​ Consolidated Qurate Retail ​ $ 282 270 ​ ​ 541 449 ​ ​ Other Information ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2024 ​ ​ Total assets ​ Capital expenditures ​ ​ amounts in millions QxH ​ $ 7,749 61 ​ QVC International ​ ​ 1,748 ​ 20 ​ CBI ​ ​ 586 ​ 13 ​ Corporate and other ​ 856 — ​ Consolidated Qurate Retail ​ $ 10,939 94 ​ ​ The following table provides a reconciliation of Adjusted OIBDA to Operating income (loss) and Earnings (loss) before income taxes: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three months ended ​ Six months ended ​ ​ June 30, ​ June 30, ​ 2024 2023 2024 2023 ​ ​ amounts in millions Adjusted OIBDA ​ $ 282 270 541 449 ​ Stock-based compensation ​ (3) (14) (19) (30) ​ Depreciation and amortization ​ (96) (104) (195) (204) ​ Restructuring, penalties and fire related costs, net of recoveries ​ ​ (18) ​ 208 ​ (18) ​ 208 ​ Gain on sale of assets and sale leaseback transactions ​ ​ — ​ 6 ​ 1 ​ 119 ​ Operating income (loss) ​ $ 165 ​ 366 ​ 310 ​ 542 ​ Interest expense ​ (119) (123) (236) (217) ​ Interest and dividend income ​ ​ 15 ​ 14 ​ 27 ​ 25 ​ Realized and unrealized gains (losses) on financial instruments, net ​ (10) (14) (17) (46) ​ Loss on disposition of Zulily, net ​ ​ — ​ (64) ​ — ​ (64) ​ Other, net ​ (4) 6 (6) 10 ​ Earnings (loss) before income taxes ​ $ 47 185 78 250 ​ ​

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Pay vs Performance Disclosure
Net Income (Loss)	$ 20	$ 107	$ 19	$ 127

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Jun. 30, 2024
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	6 Months Ended
	Jun. 30, 2024
Schedule of number of cash-settled RSUs granted	​ ​ ​ ​ ​ ​ ​ ​ Six months ended ​ ​ ​ ​ June 30, 2024 ​ ​ ​ ​ RSUs Granted (000's) ​ ​ ​ ​ ​ ​ ​ QRTEA time-based RSUs, subsidiary employees (1) ​ 20,945 ​ ​ QRTEA performance-based RSUs, subsidiary employees (2) ​ 20,305 ​ ​ QRTEA performance-based RSUs, Qurate Retail employees (3) ​ 921 ​ ​ (1) Grants mainly vest equally over three years . (2) Grants vest equally over three years , subject to the satisfaction of certain performance objectives. (3) Grants vest one year from the month of grant, subject to the satisfaction of certain performance objectives.
Schedule of number and weighted average GDFV of RSUs granted to certain officers, employees and directors	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted ​ ​ ​ Weighted ​ ​ ​ Series A ​ Average ​ Series B ​ Average ​ ​ ​ (000's) ​ GDFV ​ (000's) ​ GDFV ​ RSUs outstanding at January 1, 2024 14,691 ​ $ 3.30 ​ 353 ​ $ 5.51 ​ Granted 3,740 ​ $ 1.23 ​ 296 ​ $ 5.01 ​ Vested (5,675) ​ $ 3.73 ​ (353) ​ $ 4.85 ​ Forfeited/Cancelled (1,831) ​ $ 2.33 ​ — ​ $ — ​ RSUs outstanding at June 30, 2024 10,925 ​ $ 2.53 ​ 296 ​ $ 5.01
Common Class A
Schedule of number, weighted average exercise price ("WAEP"), Weighted average remaining life and aggregate intrinsic value of the awards	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted Aggregate ​ ​ ​ ​ ​ ​ ​ average ​ intrinsic ​ ​ ​ Series A ​ ​ ​ ​ remaining ​ value ​ ​ ​ (000's) ​ WAEP ​ life ​ (millions) ​ Options outstanding at January 1, 2024 23,530 ​ $ 7.72 ​ ​ ​ ​ ​ ​ ​ Granted — ​ $ — ​ ​ ​ ​ ​ ​ ​ Exercised — ​ $ — ​ ​ ​ ​ ​ ​ ​ Forfeited/Cancelled (3,203) ​ $ 10.62 ​ ​ ​ ​ ​ ​ ​ Options outstanding at June 30, 2024 20,327 ​ $ 7.26 2.3 years ​ $ — ​ Options exercisable at June 30, 2024 18,020 ​ $ 7.10 2.1 years ​ $ — ​
Common Class B
Schedule of number, weighted average exercise price ("WAEP"), Weighted average remaining life and aggregate intrinsic value of the awards	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted Aggregate ​ ​ ​ ​ ​ ​ ​ average ​ intrinsic ​ ​ ​ Series B ​ ​ ​ ​ remaining ​ value ​ ​ ​ (000's) ​ WAEP ​ life ​ (millions) ​ Options outstanding at January 1, 2024 723 ​ $ 12.35 ​ ​ ​ ​ ​ ​ ​ Granted — ​ $ — ​ ​ ​ ​ ​ ​ ​ Exercised — ​ $ — ​ ​ ​ ​ ​ ​ ​ Forfeited/Cancelled ​ (316) ​ $ 11.59 ​ ​ ​ ​ ​ ​ ​ Options outstanding at June 30, 2024 407 ​ $ 12.95 0.8 years ​ $ — ​ Options exercisable at June 30, 2024 407 ​ $ 12.95 0.8 years ​ $ — ​ ​ ​

Earnings (Loss) Per Common Sh_2

Earnings (Loss) Per Common Share (Tables)	6 Months Ended
	Jun. 30, 2024
Earnings (Loss) Per Common Share
Schedule of WASO	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Qurate Retail Common Stock ​ ​ Three months ended Six months ended ​ ​ ​ June 30, ​ June 30, ​ ​ ​ 2024 ​ 2023 ​ 2024 ​ 2023 ​ ​ ​ number of shares in millions ​ Basic WASO 396 ​ 388 394 385 ​ Potentially dilutive shares 1 ​ 1 1 1 ​ Diluted WASO 397 ​ 389 395 386 ​ ​

Assets and Liabilities Measur_2

Assets and Liabilities Measured at Fair Value (Tables)	6 Months Ended
	Jun. 30, 2024
Assets and Liabilities Measured at Fair Value
Schedule of assets and liabilities measured at fair value	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Fair Value Measurements at ​ Fair Value Measurements at ​ ​ June 30, 2024 ​ December 31, 2023 ​ ​ ​ Quoted ​ ​ Quoted ​ ​ ​ ​ ​ ​ prices ​ ​ ​ ​ ​ prices ​ ​ ​ ​ ​ ​ ​ in active ​ Significant ​ ​ ​ in active ​ Significant ​ ​ ​ ​ ​ markets for ​ other ​ ​ ​ markets for ​ other ​ ​ ​ ​ ​ identical ​ observable ​ ​ ​ identical ​ observable ​ ​ ​ ​ ​ assets ​ inputs ​ ​ ​ assets ​ inputs Description ​ Total ​ (Level 1) ​ (Level 2) ​ Total ​ (Level 1) ​ (Level 2) ​ ​ amounts in millions Cash equivalents ​ $ 950 950 — 726 726 — ​ Debt ​ $ 271 — 271 219 — 219 ​
Summary of realized and unrealized gains (losses) on financial instruments	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three months ended ​ Six months ended ​ ​ June 30, ​ June 30, ​ 2024 2023 2024 2023 ​ ​ amounts in millions Equity securities ​ ​ — ​ (14) ​ (2) ​ (17) ​ Exchangeable senior debentures ​ (10) 18 (15) (13) ​ Other financial instruments ​ ​ — ​ (18) ​ — ​ (16) ​ ​ ​ $ (10) (14) (17) (46) ​

Intangible Assets (Tables)

Intangible Assets (Tables)	6 Months Ended
	Jun. 30, 2024
Intangible Assets
Schedule of changes in the carrying amount of goodwill	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ QxH ​ QVC Int'l ​ CBI Total ​ ​ amounts in millions Balance at January 1, 2024 ​ $ 2,367 ​ 785 ​ 12 3,164 ​ Foreign currency translation adjustments ​ — ​ (38) ​ — (38) ​ Balance at June 30, 2024 ​ $ 2,367 ​ 747 ​ 12 3,126 ​
Schedule of amortization expense for the next five years	Based on its amortizable intangible assets as of June 30, 2024, Qurate Retail expects that amortization expense will be as follows for the next five years (amounts in millions): ​ ​ ​ ​ ​ ​ Remainder of 2024 $ 144 ​ 2025 ​ $ 185 ​ 2026 ​ $ 114 ​ 2027 ​ $ 14 ​ 2028 ​ $ — ​ ​

Long-Term Debt (Tables)

Long-Term Debt (Tables)	6 Months Ended
	Jun. 30, 2024
Long-Term Debt
Schedule of debt summarized	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Outstanding ​ ​ ​ ​ ​ ​ ​ principal at ​ Carrying value ​ June 30, 2024 June 30, 2024 December 31, 2023 ​ ​ amounts in millions Corporate level debentures ​ ​ ​ ​ ​ ​ ​ ​ ​ 8.5% Senior Debentures due 2029 ​ $ 287 ​ 286 286 ​ 8.25% Senior Debentures due 2030 ​ 505 ​ 503 503 ​ 4% Exchangeable Senior Debentures due 2029 (1) ​ ​ 351 ​ ​ 105 ​ 101 ​ 3.75% Exchangeable Senior Debentures due 2030 (1) ​ ​ 428 ​ ​ 166 ​ 118 ​ Subsidiary level notes and facilities ​ ​ ​ ​ ​ ​ ​ ​ ​ QVC 4.85% Senior Secured Notes due 2024 ​ — ​ — 423 ​ QVC 4.45% Senior Secured Notes due 2025 ​ ​ 586 ​ ​ 585 ​ 585 ​ QVC 4.75% Senior Secured Notes due 2027 ​ ​ 575 ​ ​ 575 ​ 575 ​ QVC 4.375% Senior Secured Notes due 2028 ​ ​ 500 ​ ​ 500 ​ 500 ​ QVC 5.45% Senior Secured Notes due 2034 ​ ​ 400 ​ ​ 400 ​ 399 ​ QVC 5.95% Senior Secured Notes due 2043 ​ 300 ​ 300 300 ​ QVC 6.375% Senior Secured Notes due 2067 ​ ​ 225 ​ ​ 225 ​ 225 ​ QVC 6.25% Senior Secured Notes due 2068 ​ ​ 500 ​ ​ 500 ​ 500 ​ QVC Senior Secured Credit Facility ​ ​ 1,225 ​ ​ 1,225 ​ 857 ​ Deferred loan costs ​ ​ — ​ ​ (31) ​ (32) ​ Total consolidated Qurate Retail debt ​ $ 5,882 ​ 5,339 5,340 ​ Less current classification ​ ​ ​ ​ (856) (642) ​ Total long-term debt ​ ​ ​ ​ $ 4,483 4,698 ​ (1) Measured at fair value
Schedule of fair value of debt securities that are not reported at fair value condensed consolidated balance sheet	The fair value of Qurate Retail's publicly traded debt securities that are not reported at fair value in the accompanying condensed consolidated balance sheet at June 30, 2024 are as follows (amounts in millions): ​ ​ ​ ​ ​ ​ Senior debentures ​ $ 384 ​ QVC senior secured notes $ 2,210 ​

Information About Qurate Reta_2

Information About Qurate Retail's Operating Segments (Tables)	6 Months Ended
	Jun. 30, 2024
Information About Qurate Retail's Operating Segments
Schedule of disaggregation of revenue	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three months ended ​ ​ ​ June 30, 2024 ​ ​ ​ ​ QxH ​ QVC Int'l ​ CBI ​ Corp and other ​ Total ​ ​ in millions ​ Home ​ $ 596 ​ 221 ​ 234 ​ — ​ 1,051 ​ Apparel ​ ​ 328 ​ 105 ​ 39 ​ — ​ 472 ​ Beauty ​ ​ 239 ​ 141 ​ — ​ — ​ 380 ​ Accessories ​ ​ 212 ​ 53 ​ — ​ — ​ 265 ​ Electronics ​ ​ 73 ​ 16 ​ — ​ — ​ 89 ​ Jewelry ​ ​ 73 ​ 39 ​ — ​ — ​ 112 ​ Other revenue ​ ​ 37 ​ 1 ​ — ​ — ​ 38 ​ Total Revenue ​ $ 1,558 ​ 576 ​ 273 ​ — ​ 2,407 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Six months ended ​ ​ ​ June 30, 2024 ​ ​ ​ ​ QxH ​ QVC Int'l ​ CBI ​ Corp and other ​ Total ​ ​ in millions ​ Home ​ $ 1,185 ​ 458 ​ 423 ​ — ​ 2,066 ​ Apparel ​ ​ 610 ​ 213 ​ 81 ​ — ​ 904 ​ Beauty ​ ​ 478 ​ 270 ​ — ​ — ​ 748 ​ Accessories ​ ​ 413 ​ 101 ​ — ​ — ​ 514 ​ Electronics ​ ​ 181 ​ 31 ​ — ​ — ​ 212 ​ Jewelry ​ ​ 153 ​ 72 ​ — ​ — ​ 225 ​ Other revenue ​ ​ 77 ​ 3 ​ — ​ — ​ 80 ​ Total Revenue ​ $ 3,097 ​ 1,148 ​ 504 ​ — ​ 4,749 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three months ended ​ ​ June 30, 2023 ​ ​ ​ QxH ​ QVC Int'l ​ CBI ​ Corp and other ​ Total ​ ​ in millions Home ​ $ 602 ​ 244 ​ 275 ​ 26 ​ 1,147 Apparel ​ ​ 340 ​ 111 ​ 41 ​ 43 ​ 535 Beauty ​ ​ 264 ​ 143 ​ — ​ 5 ​ 412 Accessories ​ ​ 223 ​ 56 ​ — ​ 28 ​ 307 Electronics ​ ​ 82 ​ 15 ​ — ​ — ​ 97 Jewelry ​ ​ 65 ​ 35 ​ — ​ 3 ​ 103 Other revenue ​ ​ 42 ​ 2 ​ — ​ 4 ​ 48 Total Revenue ​ $ 1,618 ​ 606 ​ 316 ​ 109 ​ 2,649 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Six months ended ​ ​ ​ June 30, 2023 ​ ​ ​ ​ QxH ​ QVC Int'l ​ CBI ​ Corp and other ​ Total ​ ​ in millions ​ Home ​ $ 1,237 ​ 481 ​ 489 ​ 76 ​ 2,283 ​ Apparel ​ ​ 635 ​ 224 ​ 86 ​ 113 ​ 1,058 ​ Beauty ​ ​ 510 ​ 276 ​ — ​ 14 ​ 800 ​ Accessories ​ ​ 415 ​ 107 ​ — ​ 78 ​ 600 ​ Electronics ​ ​ 192 ​ 32 ​ — ​ 2 ​ 226 ​ Jewelry ​ ​ 142 ​ 74 ​ — ​ 11 ​ 227 ​ Other revenue ​ ​ 88 ​ 4 ​ — ​ 7 ​ 99 ​ Total Revenue ​ $ 3,219 ​ 1,198 ​ 575 ​ 301 ​ 5,293 ​
Schedule of adjusted OIBDA	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three months ended June 30, ​ Six months ended June 30, ​ ​ ​ ​ 2024 ​ 2023 ​ ​ 2024 ​ 2023 ​ ​ ​ amounts in millions ​ ​ ​ ​ ​ ​ QxH ​ $ 194 185 ​ ​ 379 324 ​ QVC International ​ ​ 77 ​ 77 ​ ​ 152 ​ 149 ​ CBI ​ 19 25 ​ ​ 25 29 ​ Corporate and other ​ (8) (17) ​ ​ (15) (53) ​ Consolidated Qurate Retail ​ $ 282 270 ​ ​ 541 449 ​
Schedule of other information by segment	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2024 ​ ​ Total assets ​ Capital expenditures ​ ​ amounts in millions QxH ​ $ 7,749 61 ​ QVC International ​ ​ 1,748 ​ 20 ​ CBI ​ ​ 586 ​ 13 ​ Corporate and other ​ 856 — ​ Consolidated Qurate Retail ​ $ 10,939 94 ​
Schedule of reconciliation of adjusted OIBDA to operating income (loss) and earnings (loss) before income taxes	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three months ended ​ Six months ended ​ ​ June 30, ​ June 30, ​ 2024 2023 2024 2023 ​ ​ amounts in millions Adjusted OIBDA ​ $ 282 270 541 449 ​ Stock-based compensation ​ (3) (14) (19) (30) ​ Depreciation and amortization ​ (96) (104) (195) (204) ​ Restructuring, penalties and fire related costs, net of recoveries ​ ​ (18) ​ 208 ​ (18) ​ 208 ​ Gain on sale of assets and sale leaseback transactions ​ ​ — ​ 6 ​ 1 ​ 119 ​ Operating income (loss) ​ $ 165 ​ 366 ​ 310 ​ 542 ​ Interest expense ​ (119) (123) (236) (217) ​ Interest and dividend income ​ ​ 15 ​ 14 ​ 27 ​ 25 ​ Realized and unrealized gains (losses) on financial instruments, net ​ (10) (14) (17) (46) ​ Loss on disposition of Zulily, net ​ ​ — ​ (64) ​ — ​ (64) ​ Other, net ​ (4) 6 (6) 10 ​ Earnings (loss) before income taxes ​ $ 47 185 78 250 ​ ​

Basis of Presentation (Details)

Basis of Presentation (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Basis
Loss on disposition of Zulily, net		$ (64)		$ (64)
Affiliated Entity | Liberty Broadband
Basis
Other liabilites	$ 20		$ 20		$ 16
Affiliated Entity | Liberty Media
Basis
Related party transaction, amounts of transaction	$ 3	2	$ 6	4
Affiliated Entity | Liberty Media | CEO
Basis
CEO compensation allocation percentage			10%
Zulily | Disposed of by Sale, Not Discontinued Operations
Basis
Loss on disposition of Zulily, net		(64)
Revenue		109		301
Net loss		$ (9)		$ (44)

Stock-Based Compensation (Stock

Stock-Based Compensation (Stock-Based Compensation Allocated To Selling, General And Administrative Expenses) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Stock-Based Compensation
Stock-based compensation	$ 3	$ 14	$ 19	$ 30

Stock-Based Compensation - Narr

Stock-Based Compensation - Narrative (Details) shares in Thousands	6 Months Ended
	Jun. 30, 2024 $ / shares shares
Common Class A | Restricted Stock Units (RSUs)
Stock-based compensation
Grants in period	3,740
Weighted Average GDFV | $ / shares	$ 1.23
Common Class A | Qurate Retail common stock, subsidiary employees | Performance Shares
Stock-based compensation
Grants in period	20,305
Award vesting period	3 years
Common Class A | Qurate Retail common stock, subsidiary employees | Time-based RSUs
Stock-based compensation
Grants in period	20,945
Award vesting period	3 years
Common Class A | Qurate Retail Employees | Performance Shares
Stock-based compensation
Grants in period	921
Award vesting period	1 year
Common Class A | Qurate Retail President and CEO | Performance Shares
Stock-based compensation
Grants in period	3,700
Weighted Average GDFV | $ / shares	$ 1.23
Award vesting period	1 year
Common Class B | Restricted Stock Units (RSUs)
Stock-based compensation
Grants in period	296
Weighted Average GDFV | $ / shares	$ 5.01
Common Class B | Qurate Retail Chairman Of Board | Performance Shares
Stock-based compensation
Grants in period	296
Weighted Average GDFV | $ / shares	$ 5.01
Award vesting period	1 year

Stock-Based Compensation - Gran

Stock-Based Compensation - Grants (Details) shares in Thousands	6 Months Ended
	Jun. 30, 2024 $ / shares shares
Common Class A
Number of options
Outstanding at beginning of period | shares	23,530
Forfeited/Cancelled | shares	(3,203)
Outstanding at end of period | shares	20,327
Exercisable at end of period | shares	18,020
WAEP
Outstanding at beginning of period | $ / shares	$ 7.72
Forfeited/Cancelled | $ / shares	10.62
Outstanding at end of period | $ / shares	7.26
Exercisable at end of period | $ / shares	$ 7.10
Additional disclosures
Weighted average remaining life - options outstanding	2 years 3 months 18 days
Weighted average remaining life - options exercisable	2 years 1 month 6 days
Common Class B
Number of options
Outstanding at beginning of period | shares	723
Forfeited/Cancelled | shares	(316)
Outstanding at end of period | shares	407
Exercisable at end of period | shares	407
WAEP
Outstanding at beginning of period | $ / shares	$ 12.35
Forfeited/Cancelled | $ / shares	11.59
Outstanding at end of period | $ / shares	12.95
Exercisable at end of period | $ / shares	$ 12.95
Additional disclosures
Weighted average remaining life - options outstanding	9 months 18 days
Weighted average remaining life - options exercisable	9 months 18 days

Stock-Based Compensation - GDFV

Stock-Based Compensation - GDFV of RSUs (Details) - Restricted Stock Units (RSUs) shares in Thousands	6 Months Ended
	Jun. 30, 2024 $ / shares shares
Common Class A
Number of shares
RSUs outstanding, beginning balance | shares	14,691
Granted | shares	3,740
Vested | shares	(5,675)
Forfeited/Cancelled | shares	(1,831)
RSUs outstanding, ending balance | shares	10,925
Weighted Average GDFV
RSUs outstanding , beginning balance | $ / shares	$ 3.30
Granted | $ / shares	1.23
Vested | $ / shares	3.73
Forfeited/Cancelled | $ / shares	2.33
RSUs outstanding, ending balance | $ / shares	$ 2.53
Common Class B
Number of shares
RSUs outstanding, beginning balance | shares	353
Granted | shares	296
Vested | shares	(353)
RSUs outstanding, ending balance | shares	296
Weighted Average GDFV
RSUs outstanding , beginning balance | $ / shares	$ 5.51
Granted | $ / shares	5.01
Vested | $ / shares	4.85
RSUs outstanding, ending balance | $ / shares	$ 5.01

Stock-Based Compensation - Addi

Stock-Based Compensation - Additional Information (Details) $ / shares in Units, shares in Millions, $ in Millions	6 Months Ended
	Jun. 30, 2024 USD ($) $ / shares shares
Stock-based compensation
Total unrecognized compensation cost related to unvested Awards | $	$ 39
Weighted average period of recognition related to unvested equity awards (in years)	1 year 8 months 12 days
Common Class A
Stock-based compensation
Shares reserved for future issuance upon exercise of stock options	20.3
Common Class B
Stock-based compensation
Shares reserved for future issuance upon exercise of stock options	0.4
Restricted Stock | Common Class B
Stock-based compensation
RSUs outstanding	1.1
RSUs/RSAs GDFV | $ / shares	$ 13.65

Earnings (Loss) Per Common Sh_3

Earnings (Loss) Per Common Share - Earnings Per Share Basic and Diluted (Details) - shares shares in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Earnings (Loss) Per Common Share
Antidilutive securities	21	26	21	28
Basic WASO	396	388	394	385
Potentially dilutive shares	1	1	1	1
Diluted WASO	397	389	395	386

Assets and Liabilities Measur_3

Assets and Liabilities Measured at Fair Value - Assets And Liabilities Measured At Fair Value On A Recurring Basis (Details) - Recurring - USD ($) $ in Millions	Jun. 30, 2024	Dec. 31, 2023
Assets and liabilities measured at fair value
Cash equivalents	$ 950	$ 726
Debt	271	219
Quoted prices in active markets for identical assets (Level 1)
Assets and liabilities measured at fair value
Cash equivalents	950	726
Significant other observable inputs (Level 2)
Assets and liabilities measured at fair value
Debt	$ 271	$ 219

Assets and Liabilities Measur_4

Assets and Liabilities Measured at Fair Value - Realized and Unrealized Gains (Losses) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Realized and unrealized gains (losses) on financial instruments
Realized and unrealized gains (losses) on financial instruments	$ (10)	$ (14)	$ (17)	$ (46)
Change in fair value of exchangeable senior debentures realized gain (loss)	92	(62)	(38)	106
Cumulative amount of gain in change in fair value	502		502
1.75% Exchangeable Senior Debentures due 2046
Realized and unrealized gains (losses) on financial instruments
Gain (loss) on extinguishment of debt		19		44
Equity securities
Realized and unrealized gains (losses) on financial instruments
Realized and unrealized gains (losses) on financial instruments		(14)	(2)	(17)
Exchangeable senior debentures
Realized and unrealized gains (losses) on financial instruments
Realized and unrealized gains (losses) on financial instruments	$ (10)	18	$ (15)	(13)
Other Financial Instruments
Realized and unrealized gains (losses) on financial instruments
Realized and unrealized gains (losses) on financial instruments		$ (18)		$ (16)

Intangible Assets - Changes In

Intangible Assets - Changes In The Carrying Amount Of Goodwill (Details) $ in Millions	6 Months Ended
	Jun. 30, 2024 USD ($)
Changes in the carrying amount of goodwill
Balance, beginning of the year	$ 3,164
Foreign currency translation adjustments	(38)
Balance, end of the year	3,126
QxH
Changes in the carrying amount of goodwill
Balance, beginning of the year	2,367
Balance, end of the year	2,367
QVC International
Changes in the carrying amount of goodwill
Balance, beginning of the year	785
Foreign currency translation adjustments	(38)
Balance, end of the year	747
CBI
Changes in the carrying amount of goodwill
Balance, beginning of the year	12
Balance, end of the year	$ 12

Intangible Assets - Amortizatio

Intangible Assets - Amortization Expense For The Next Five Fiscal Years (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Intangible Assets
Amortization expense for intangible assets	$ 73	$ 78	$ 150	$ 152
Amortization expense for the next five years
Remainder of 2024	144		144
2025	185		185
2026	114		114
2027	$ 14		$ 14

Long-Term Debt - Debt Table (De

Long-Term Debt - Debt Table (Details) - USD ($) $ in Millions	Jun. 30, 2024	Dec. 31, 2023	Jun. 30, 2023
Debt
Outstanding principal	$ 5,882
Deferred loan costs	(31)	$ (32)
Total consolidated debt	5,339	5,340
Less current classification	(856)	(642)
Total long-term debt	4,483	4,698
8.5% Senior Debentures due 2029
Debt
Outstanding principal	287
Total consolidated debt	$ 286	286
Debt instrument interest rate	8.50%
8.25% Senior Debentures due 2030
Debt
Outstanding principal	$ 505
Total consolidated debt	$ 503	503
Debt instrument interest rate	8.25%
4% Exchangeable Senior Debentures due 2029
Debt
Outstanding principal	$ 351
Total consolidated debt	$ 105	101
Debt instrument interest rate	4%
3.75% Exchangeable Senior Debentures due 2030
Debt
Outstanding principal	$ 428
Total consolidated debt	$ 166	118
Debt instrument interest rate	3.75%
QVC | QVC 4.85% Senior Secured Notes due 2024
Debt
Total consolidated debt		423
Debt instrument interest rate	4.85%		4.85%
QVC | QVC 4.45% Senior Secured Notes due 2025
Debt
Outstanding principal	$ 586
Total consolidated debt	$ 585	585
Debt instrument interest rate	4.45%		4.45%
QVC | QVC 4.75% Senior Secured Notes due 2027
Debt
Outstanding principal	$ 575
Total consolidated debt	$ 575	575
Debt instrument interest rate	4.75%
QVC | QVC 4.375% Senior Secured Notes due 2028
Debt
Outstanding principal	$ 500
Total consolidated debt	$ 500	500
Debt instrument interest rate	4.375%
QVC | QVC 5.45% Senior Secured Notes due 2034
Debt
Outstanding principal	$ 400
Total consolidated debt	$ 400	399
Debt instrument interest rate	5.45%
QVC | QVC 5.95% Senior Secured Notes due 2043
Debt
Outstanding principal	$ 300
Total consolidated debt	$ 300	300
Debt instrument interest rate	5.95%
QVC | QVC 6.375% Senior Secured Notes due 2067
Debt
Outstanding principal	$ 225
Total consolidated debt	$ 225	225
Debt instrument interest rate	6.375%
QVC | QVC 6.25% Senior Secured Notes due 2068
Debt
Outstanding principal	$ 500
Total consolidated debt	$ 500	500
Debt instrument interest rate	6.25%
QVC | QVC Senior Secured Credit Facility
Debt
Outstanding principal	$ 1,225
Total consolidated debt	$ 1,225	$ 857

Long-Term Debt - Narrative (Det

Long-Term Debt - Narrative (Details) $ in Millions	3 Months Ended	6 Months Ended
	Jun. 30, 2023 USD ($)	Jun. 30, 2024 USD ($)	Jun. 30, 2023 USD ($)
Debt
Repayments of long-term debt		$ 1,716	$ 1,320
1.75% Exchangeable Senior Debentures due 2046
Debt
Gain (loss) on extinguishment of debt	$ 19		44
3.75% Exchangeable Senior Debentures due 2030
Debt
Interest rate (as a percent)		3.75%
4% Exchangeable Senior Debentures due 2029
Debt
Interest rate (as a percent)		4%
QVC
Debt
Gain (loss) on extinguishment of debt	$ 10		$ 10
QVC | QVC senior secured notes
Debt
Leverage ratio		3.5
QVC | QVC 4.45% Senior Secured Notes due 2025
Debt
Interest rate (as a percent)	4.45%	4.45%	4.45%
Repayments of long-term debt			$ 15
QVC | QVC 4.85% Senior Secured Notes due 2024
Debt
Interest rate (as a percent)	4.85%	4.85%	4.85%
Repayments of long-term debt			$ 177
QVC | QVC 6.375% Senior Secured Notes due 2067
Debt
Interest rate (as a percent)		6.375%
QVC | QVC 6.25% Senior Secured Notes due 2068
Debt
Interest rate (as a percent)		6.25%

Long-Term Debt - Credit Facilit

Long-Term Debt - Credit Facility (Details) - Amendment No. 5 Credit Facility - USD ($) $ in Millions	Jun. 20, 2023	Oct. 27, 2021	Jun. 30, 2024	Jun. 30, 2023
QVC
Debt
Maximum borrowing capacity		$ 3,250
Remaining borrowing capacity			$ 1,860
Interest rate (as a percent)			6.90%	6.60%
QVC | Alternate Base Rate | Minimum
Debt
Debt instrument, basis spread on variable rate		0.25%
QVC | Alternate Base Rate | Maximum
Debt
Debt instrument, basis spread on variable rate		0.625%
QVC | SOFR | Minimum
Debt
Debt instrument, basis spread on variable rate	1.25%	1.25%
QVC | SOFR | Maximum
Debt
Debt instrument, basis spread on variable rate	1.625%	1.625%
QVC | Letter of Credit
Debt
Maximum borrowing capacity		$ 450
Percentage of sub-limit		50%
Zulily
Debt
Repayments of line of credit		$ 80

Long-Term Debt - Debt Securitie

Long-Term Debt - Debt Securities That Are Not Reported At Fair Value (Details) $ in Millions	Jun. 30, 2024 USD ($)
Senior debentures
Debt
Fair value of debt securities that are not reported at fair value	$ 384
QVC senior secured notes
Debt
Fair value of debt securities that are not reported at fair value	$ 2,210

Preferred Stock (Details)

Preferred Stock (Details) - 8.0% Series A Cumulative Redeemable Preferred Stock $ / shares in Units, $ in Millions		6 Months Ended
	Sep. 14, 2020 $ / shares	Jun. 30, 2024 USD ($) item shares
Preferred Stock
Preferred stock dividend rate, percentage	8%
Preferred stock par value | $ / shares	$ 0.01
Preferred stock authorized		13,500,000
Preferred shares issued		12,723,213
Preferred shares outstanding		12,723,213
Dividend redemption period	30 days
Liquidation preference per share | $ / shares	$ 100
Minimum liquidation price excess for certain director election rights		25%
Number of consecutive dividend periods without dividends that will certain director elections rights | item		2
On or after the fifth anniversary of the Original Issue Date but prior to its sixth anniversary
Preferred Stock
Redemption price	4%
On or after the sixth anniversary of the Original Issue Date but prior to its seventh anniversary
Preferred Stock
Redemption price	2%
On or after the seventh anniversary of the Original Issue Date
Preferred Stock
Redemption price	0%
Level 1
Preferred Stock
Fair value of preferred stock | $		$ 535

Commitments and Contingencies -

Commitments and Contingencies - Fire at Rocky Mount Fulfillment Center (Details) - USD ($) $ in Millions	3 Months Ended	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Unusual or Infrequent Item, or Both [Line Items]
Gain on insurance proceeds, net of fire related costs			$ (228)
Proceeds from sale of fixed assets		$ 6	200
QVC Rocky Mount Fire | QVC
Unusual or Infrequent Item, or Both [Line Items]
Gain on insurance proceeds, net of fire related costs	$ 209		213
Insurance proceeds received for inventory loss	225		280
Insurance proceeds received for business interruption losses			210
Proceeds from sale of fixed assets	2		17
Gain on sale of assets	2		15
Other fire related costs	$ 16		$ 27

Commitments and Contingencies_2

Commitments and Contingencies - Restructuring (Details) - Workforce reduction - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
QVC
Restructuring Cost and Reserve [Line Items]
Restructuring charges	$ 18		$ 18	$ 13
Restructuring Charges, Statement of Income or Comprehensive Income [Extensible Enumeration]	Restructuring and Unusual or Infrequent Item Costs, Net of Insurance Proceeds		Restructuring and Unusual or Infrequent Item Costs, Net of Insurance Proceeds	Restructuring and Unusual or Infrequent Item Costs, Net of Insurance Proceeds
Zulily
Restructuring Cost and Reserve [Line Items]
Restructuring charges		$ 1		$ 5
Restructuring Charges, Statement of Income or Comprehensive Income [Extensible Enumeration]		Restructuring and Unusual or Infrequent Item Costs, Net of Insurance Proceeds		Restructuring and Unusual or Infrequent Item Costs, Net of Insurance Proceeds

Commitments and Contingencies_3

Commitments and Contingencies - Gain on Sale Leaseback Transaction (Details) $ in Millions	1 Months Ended			3 Months Ended			6 Months Ended
	Feb. 29, 2024 USD ($)	Jan. 31, 2023 USD ($) item	Nov. 30, 2022 property	Mar. 31, 2024 USD ($)	Jun. 30, 2023 USD ($)	Mar. 31, 2023 USD ($)	Jun. 30, 2024 USD ($)	Jun. 30, 2023 USD ($)	Dec. 31, 2023 USD ($)	Oct. 31, 2022 USD ($)
Lessee, Lease, Description [Line Items]
Proceeds from sale of fixed assets							$ 6	$ 200
Sale leaseback gain					$ 6		1	$ 119
Operating lease right-of-use assets							619		$ 635
Operating lease liabilities							$ 612		$ 615
Foreign Exchange Forward
Lessee, Lease, Description [Line Items]
Derivative, notional amount										$ 167
Payment for net cash settlement of derivative		$ 12
QVC
Lessee, Lease, Description [Line Items]
Number of properties sold | property			2
Initial term of lease (in years)		20 years
Operating lease, existence of option to extend		true
Maximum number of consecutive terms eligible for extension | item		4
Renewal term		5 years
QVC | German Facility
Lessee, Lease, Description [Line Items]
Proceeds from sale of fixed assets	$ 6	$ 102
Initial term of lease (in years)	2 years
Sale leaseback gain				$ 1		$ 69
Operating lease right-of-use assets	$ 1					42
Operating lease liabilities	$ 1					42
QVC | United Kingdom Facility
Lessee, Lease, Description [Line Items]
Proceeds from sale of fixed assets		$ 80
Sale leaseback gain						44
Operating lease right-of-use assets						32
Operating lease liabilities						$ 32

Information About Qurate Reta_3

Information About Qurate Retail's Operating Segments - Disaggregated revenue (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Disaggregated revenue by segment
Total revenue, net	$ 2,407	$ 2,649	$ 4,749	$ 5,293
Corporate and other
Disaggregated revenue by segment
Total revenue, net		109		301
QxH | Operating Segments
Disaggregated revenue by segment
Total revenue, net	1,558	1,618	3,097	3,219
QVC International | Operating Segments
Disaggregated revenue by segment
Total revenue, net	576	606	1,148	1,198
CBI | Operating Segments
Disaggregated revenue by segment
Total revenue, net	273	316	504	575
Home
Disaggregated revenue by segment
Total revenue, net	1,051	1,147	2,066	2,283
Home | Corporate and other
Disaggregated revenue by segment
Total revenue, net		26		76
Home | QxH | Operating Segments
Disaggregated revenue by segment
Total revenue, net	596	602	1,185	1,237
Home | QVC International | Operating Segments
Disaggregated revenue by segment
Total revenue, net	221	244	458	481
Home | CBI | Operating Segments
Disaggregated revenue by segment
Total revenue, net	234	275	423	489
Apparel
Disaggregated revenue by segment
Total revenue, net	472	535	904	1,058
Apparel | Corporate and other
Disaggregated revenue by segment
Total revenue, net		43		113
Apparel | QxH | Operating Segments
Disaggregated revenue by segment
Total revenue, net	328	340	610	635
Apparel | QVC International | Operating Segments
Disaggregated revenue by segment
Total revenue, net	105	111	213	224
Apparel | CBI | Operating Segments
Disaggregated revenue by segment
Total revenue, net	39	41	81	86
Beauty
Disaggregated revenue by segment
Total revenue, net	380	412	748	800
Beauty | Corporate and other
Disaggregated revenue by segment
Total revenue, net		5		14
Beauty | QxH | Operating Segments
Disaggregated revenue by segment
Total revenue, net	239	264	478	510
Beauty | QVC International | Operating Segments
Disaggregated revenue by segment
Total revenue, net	141	143	270	276
Accessories
Disaggregated revenue by segment
Total revenue, net	265	307	514	600
Accessories | Corporate and other
Disaggregated revenue by segment
Total revenue, net		28		78
Accessories | QxH | Operating Segments
Disaggregated revenue by segment
Total revenue, net	212	223	413	415
Accessories | QVC International | Operating Segments
Disaggregated revenue by segment
Total revenue, net	53	56	101	107
Electronics
Disaggregated revenue by segment
Total revenue, net	89	97	212	226
Electronics | Corporate and other
Disaggregated revenue by segment
Total revenue, net				2
Electronics | QxH | Operating Segments
Disaggregated revenue by segment
Total revenue, net	73	82	181	192
Electronics | QVC International | Operating Segments
Disaggregated revenue by segment
Total revenue, net	16	15	31	32
Jewelry
Disaggregated revenue by segment
Total revenue, net	112	103	225	227
Jewelry | Corporate and other
Disaggregated revenue by segment
Total revenue, net		3		11
Jewelry | QxH | Operating Segments
Disaggregated revenue by segment
Total revenue, net	73	65	153	142
Jewelry | QVC International | Operating Segments
Disaggregated revenue by segment
Total revenue, net	39	35	72	74
Other revenue
Disaggregated revenue by segment
Total revenue, net	38	48	80	99
Other revenue | Corporate and other
Disaggregated revenue by segment
Total revenue, net		4		7
Other revenue | QxH | Operating Segments
Disaggregated revenue by segment
Total revenue, net	37	42	77	88
Other revenue | QVC International | Operating Segments
Disaggregated revenue by segment
Total revenue, net	$ 1	$ 2	$ 3	$ 4

Information About Qurate Reta_4

Information About Qurate Retail's Operating Segments - Adjusted OIBDA (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Segment Reporting Information [Line Items]
Adjusted OIBDA	$ 282	$ 270	$ 541	$ 449
Operating Segments | QxH
Segment Reporting Information [Line Items]
Adjusted OIBDA	194	185	379	324
Operating Segments | QVC International
Segment Reporting Information [Line Items]
Adjusted OIBDA	77	77	152	149
Operating Segments | CBI
Segment Reporting Information [Line Items]
Adjusted OIBDA	19	25	25	29
Corporate and Other
Segment Reporting Information [Line Items]
Adjusted OIBDA	$ (8)	$ (17)	$ (15)	$ (53)

Information About Qurate Reta_5

Information About Qurate Retail's Operating Segments - Other Information By Segment (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2024	Dec. 31, 2023
Information about Qurate Retail's operating segments
Total assets	$ 10,939	$ 11,368
Capital expenditures	94
Operating Segments | QxH
Information about Qurate Retail's operating segments
Total assets	7,749
Capital expenditures	61
Operating Segments | QVC International
Information about Qurate Retail's operating segments
Total assets	1,748
Capital expenditures	20
Operating Segments | CBI
Information about Qurate Retail's operating segments
Total assets	586
Capital expenditures	13
Corporate and Other
Information about Qurate Retail's operating segments
Total assets	$ 856

Information About Qurate Reta_6

Information About Qurate Retail's Operating Segments - Reconciliation Of Segment Adjusted OIBDA To Earnings (Loss) From Continuing Operations Before Income Taxes (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Information About Qurate Retail's Operating Segments
Adjusted OIBDA	$ 282	$ 270	$ 541	$ 449
Stock-based compensation	(3)	(14)	(19)	(30)
Depreciation and amortization	(96)	(104)	(195)	(204)
Restructuring, penalties and fire related costs, net of recoveries	(18)	208	(18)	208
Gain on sale of assets and sale leaseback transactions		6	1	119
Operating income (loss)	165	366	310	542
Interest expense	(119)	(123)	(236)	(217)
Interest and dividend income	15	14	27	25
Realized and unrealized gains (losses) on financial instruments, net	(10)	(14)	(17)	(46)
Loss on disposition of Zulily, net		(64)		(64)
Other, net	(4)	6	(6)	10
Earnings (loss) before income taxes	$ 47	$ 185	$ 78	$ 250