v3.26.1
Goodwill (Tables)
 6 Months Ended
Jun. 30, 2026
Intangible Asset, Goodwill and Other [Abstract]  
Schedule of goodwill
Changes in the carrying amount of goodwill for the six months ended June 30, 2026 were as follows:
(in millions)QVC-Int'l
Balance as of December 31, 2025$800 
Exchange rate fluctuations(23)
Balance as of June 30, 2026$777 
Schedule of acquired intangible assets by class
June 30, 2026December 31, 2025
(in millions)Gross
cost		Accumulated
amortization		Intangible assets subject to amortization, net Gross
cost		Accumulated
amortization		Intangible assets subject to amortization, net
Purchased and internally developed software$1,135 (963)172 1,116 (917)199 
Affiliate and customer relationships2,830 (2,806)24 2,835 (2,788)47 
Television distribution rights155 (105)50 161 (93)68 
Debt origination fees1
— — — 9 (8)1 
Intangible assets subject to amortization$4,120 (3,874)246 4,121 (3,806)315 
Tradenames (indefinite life)$1,190 1,190 1,190 1,190 
(1) As a result of the Company's Chapter 11 Cases, the Company wrote off the debt origination fees for the three months ended June 30, 2026.
Schedule of finite-lived intangible assets future amortization expense
As of June 30, 2026, the related amortization expense will be as follows for the next five years (in millions):
Remainder of 2026$107 
202784 
202839 
202911 
20302 
20313 
As a result of financial performance, macroeconomic conditions, declines in stock price and credit rating downgrades, it was determined during the second quarter of 2025 that an indication of impairment existed for the QxH reporting unit including goodwill and the QVC and HSN tradenames. The fair value of the tradenames was determined using the relief from royalty method, primarily using a discounted cash flow model using projections of future operating performance (income approach) and applying a royalty rate (market approach) (Level 3), and an impairment in the amount of $930 million for the QVC and HSN tradenames, was recorded during the second quarter of 2025, in impairment of intangible assets in the condensed consolidated statements of operations. The fair value of the QxH reporting unit was determined using a discounted cash flow method (Level 3), and a goodwill impairment in the amount of $1,465 million was recorded during the second quarter of 2025 in impairment of goodwill in the condensed consolidated statements of operations.
The Company had accumulated goodwill impairment losses of $5,113 million attributed to the QxH reporting unit as of June 30, 2026.