v3.26.1
Long-Term Debt (Tables)
 6 Months Ended
Jun. 30, 2026
Long-Term Debt, Unclassified [Abstract]  
Schedule of Long-Term Debt Instruments
Debt is summarized as follows:
Outstanding
principal at
June 30, 2026		Carrying value
June 30, 2026December 31, 2025
amounts in millions
Corporate level debentures
8.5% Senior Debentures due 2029(4)
$287 287 286 
8.25% Senior Debentures due 2030(4)
505 505 503 
4.0% Exchangeable Senior Debentures due 2029(1)(2)
280 280 24 
3.75% Exchangeable Senior Debentures due 2030(1)(2)
413 413 28 
Subsidiary level notes and facilities
QVC 4.75% Senior Secured Notes due 2027(2)
44 44 44 
QVC 4.375% Senior Secured Notes due 2028(2)
72 72 72 
QVC 6.875% Senior Secured Notes due 2029(2)
605 605 605 
QVC 5.45% Senior Secured Notes due 2034(2)
400 400 400 
QVC 5.95% Senior Secured Notes due 2043(2)
300 300 300 
QVC 6.375% Senior Secured Notes due 2067(2)
225 225 225 
QVC 6.25% Senior Secured Notes due 2068(2)
500 500 500 
QVC Senior Secured Credit Facility(2)
2,900 2,900 2,900 
Finance lease obligations (3)
— 1 2 
Deferred loan costs(2)(4)
— — (24)
Total consolidated QVC Group debt, prior to reclassification to Liabilities subject to compromise$6,531 6,532 5,865 
Less current classification(1)(5,075)
Less amounts reclassified to Liabilities subject to compromise(6,531)— 
Total long-term debt$— $790 
(1)Measured at fair value at December 31, 2025.
(2)Classified as current at December 31, 2025.
(3)Classified as current at June 30, 2026.
(4)As a result of the Company's Chapter 11 Cases, the Company expensed $27 million of deferred loan costs and discount to Reorganization items, net for the three months ended June 30, 2026.
Schedule of Fair Value of Debt Securities that are not Reported at Fair Value
The fair value of QVC Group's exchangeable debt and publicly traded debt securities that are not reported at fair value in the accompanying condensed consolidated balance sheet at June 30, 2026 are as follows (amounts in millions):
Senior debentures$40 
Exchangeable senior debentures40 
QVC senior secured notes949