v3.25.2
Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2025
Dec. 31, 2024
Jun. 30, 2024
Current assets:      
Cash Equivalents, at Carrying Value $ 330 $ 297 $ 297
Accounts Receivable, after Allowance for Credit Loss, Current 821 1,134  
Inventories 1,012 901  
Other current assets 159 172  
Total current assets 2,322 2,504  
Noncurrent assets:      
Property, Plant and Equipment, Net 373 410 398
Goodwill 817 2,204  
Indefinite-Lived Trade Names 1,190 2,120 2,120
Finite-Lived Intangible Assets, Net 405   385
Operating Lease, Right-of-Use Asset 477 482  
Other noncurrent assets 51 44  
Total assets 7,375 9,889 11,241
Current liabilities:      
Accounts payable 586 722  
Accrued liabilities 688 874  
Current debt (note 3) 1 585  
Other Liabilities, Current 51 52  
Total current liabilities 1,326 2,233  
Noncurrent liabilities:      
Long-term debt (note 3) 4,047 3,313  
Deferred Income Tax Liabilities, Net 167 394  
Operating Lease, Liability, Noncurrent 474 475  
Other liabilities 98 105  
Total liabilities 6,112 6,520  
Stockholder's equity:      
Common Stock, Value, Issued 0 0  
Additional paid-in capital 11,206 11,201  
Accumulated deficit (9,787) (7,538)  
Accumulated other comprehensive earnings (loss) (236) (370)  
Total stockholder's equity 1,183 3,293  
Noncontrolling interest in equity of subsidiary 80 76  
Total equity 1,263 3,369 $ 4,332
Total liabilities and equity 7,375 9,889  
Qurate      
Noncurrent assets:      
Repayment of Notes Receivable from Related Parties $ 1,740 $ 1,740