v3.26.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2026
Dec. 31, 2025
Mar. 31, 2025
Current assets:      
Cash Equivalents, at Carrying Value $ 1,310 $ 1,496 $ 1,496
Accounts Receivable, after Allowance for Credit Loss, Current 750 1,016  
Inventories 860 832  
Other Assets, Current 261 219  
Total current assets 3,181 3,563  
Noncurrent assets:      
Property, Plant and Equipment, Net 299 316 388
Goodwill 782 800  
Indefinite-Lived Trade Names 1,190 1,190 1,190
Finite-Lived Intangible Assets, Net 279   315
Operating Lease, Right-of-Use Asset 451 461  
Other noncurrent assets 51 54  
Asset, Held-for-Sale, Not Part of Disposal Group 17 17  
Total assets 7,990 8,456 9,675
Current liabilities:      
Accounts payable 443 664  
Accrued liabilities 570 727  
Current debt (note 4) 5,024 5,023  
Other Liabilities, Current 50 52  
Total current liabilities 6,087 6,466  
Noncurrent liabilities:      
Long-term debt (note 4) 1 1  
Deferred Income Tax Liabilities, Net 163 173  
Operating Lease, Liability, Noncurrent 451 460  
Other liabilities 76 88  
Total liabilities 6,778 7,188  
Stockholder's equity:      
Common Stock, Value, Issued 0 0  
Additional paid-in capital 11,205 11,205  
Accumulated deficit (9,773) (9,748)  
Accumulated other comprehensive earnings (loss) (293) (262)  
Total stockholder's equity 1,139 1,195  
Noncontrolling interest in equity of subsidiary 73 73  
Total equity 1,212 1,268 $ 3,336
Total liabilities and equity 7,990 8,456  
Qurate      
Noncurrent assets:      
Repayment of Notes Receivable from Related Parties $ 1,740 $ 1,740