8-K

                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549


                                    FORM 8-K

                                 CURRENT REPORT

     Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934


Date of Report (Date of earliest event reported)     October 14, 2004


                               SPRINT CORPORATION
             (Exact name of Registrant as specified in its charter)

          Kansas                     1-04721                  48-0457967
(State of Incorporation)     (Commission File Number)      (I.R.S. Employer
                                                          Identification No.)


   6200 Sprint Parkway, Overland Park, Kansas                   66251
     (Address of principal executive offices)                 (Zip Code)


Registrant's telephone number, including area code       (913) 624-3000


    ________________________________________________________________________
          (Former name or former address, if changed since last report)


               P. O. Box 7997, Shawnee Mission, Kansas 66207-0997
                (Mailing address of principal executive offices)

Check the  appropriate  box below if the Form 8-K is intended to  simultaneously
satisfy  the filing  obligation  of the  registrant  under any of the  following
provisions:

[  ] Written communications  pursuant to Rule 425 under the Securities Act (17
     CFR 230.425)
[  ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
     240.14a-12)
[  ] Pre-commencement  communications  pursuant  to  Rule  14d-2(b)  under  the
     Exchange Act (17 CFR 240.14d-2(b))
[  ] Pre-commencement  communications  pursuant  to  Rule  13e-4(c)  under  the
     Exchange Act (17 CFR 240.13e-4(c))





Item 2.02      Results of Operations and Financial Condition

On October  15,  2004,  Sprint  Corporation  ("Sprint")  issued a press  release
announcing  certain strategic  actions,  including an asset impairment charge to
its long distance  network assets,  and that it expected to report third quarter
2004  adjusted  earnings per share in excess of the mean analyst  estimate of 21
cents per share.  See Sprint's  press release  dated October 15, 2004,  filed as
Exhibit 99 and  incorporated  by reference herein,  for a definition of adjusted
earnings per share.

Item 2.06      Material Impairments

On October 14, 2004,  Sprint  concluded that a non-cash charge for impairment of
its long distance  network  assets would be required to be recorded in its third
quarter 2004 financial results under generally accepted  accounting  principles.
See Sprint's  related press release dated October 15, 2004,  filed as Exhibit 99
and  incorporated  by  reference  herein,  for a  discussion  of the  facts  and
circumstances surrounding this conclusion.

On October 19,  2004,  Sprint  announced  that the pre-tax  non-cash  impairment
charge to its long distance assets will be approximately $3.5 billion.


Item 9.01      Financial Statements and Exhibits


99   Press Release dated October 15, 2004 announcing  certain strategic actions,
     including an asset impairment charge to its long distance network assets.








                                       1





                                    SIGNATURE

     Pursuant to the  requirements  of the Securities  Exchange Act of 1934, the
registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned, hereunto duly authorized.


                                        SPRINT CORPORATION



Date:  October 19, 2004                 By:  /s/ Michael T. Hyde
                                           Michael T. Hyde, Assistant Secretary














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                                  EXHIBIT INDEX


Exhibit
Number    Description                                                      Page

99        Press  Release  dated October 15, 2004  announcing  certain
          strategic actions,  including an asset  impairment  charge to
          its long  distance network assets.




























                                       3

EX-99

                                                                    Exhibit 99
[SPRINT LOGO]


Media Contact:
Nicholas Sweers, 913-794-3460
nicholas.sweers@mail.sprint.com

Investor Relations Contact:
Kurt Fawkes, 913-794-1140
kurt.e.fawkes@mail.sprint.com

Sprint Announces Key Strategic Actions

o    Will Record Impairment Charge on Long-Distance Network Assets
o    Realign Sales Efforts to Leverage its Unique  Portfolio of IP, Wireless and
     Wireline Products and Services
o    Additional Workforce Reductions

OVERLAND  PARK,  Kan. - Oct.  15,  2004 - Sprint  Corporation  (NYSE:FON)  today
announced  it will  record  in its  third  quarter  financial  results a pre-tax
non-cash  impairment  charge  reducing  the value of its  long-distance  network
assets.  The company expects to disclose the amount of the charge when it issues
its third quarter financial report on the morning of Oct. 19.

The  decision  to take the  charge  comes  after an  analysis  of  long-distance
business  trends and  projections  that took into account  current  industry and
competitive conditions, recent regulatory rulings, evolving technologies and the
company's strategy to expand its position as a leader in telecom solutions.

"The marketplace has changed dramatically, and it is important that we seize the
opportunities  that our unique  portfolio of wireless and wireline assets allows
us to offer," said Howard Janzen, president of Sprint Business Solutions (SBS).

"We are accelerating our transformation by increasing our business sales efforts
in three growth areas - multi-product bundles, IP and wireless solutions - while
reducing  sales  efforts  on  stand-alone   business   services  in  the  highly
competitive  long-distance  industry.  This  strategy  plays to our strengths by
advancing our broad  portfolio of wireline and wireless  capabilities,  which is
unmatched by any of our competitors," Janzen added.

Janzen said Sprint Business Solutions plans to ramp up efforts to:
o    Increase customer  migration to  wireless-enabled  and IP-driven  solutions
     using Sprint's full suite of telecom services capabilities
o    Drive its leadership  position in the  development and delivery of customer
     solutions requiring transparent wireless and wireline connectivity
o    Align employee resources and capital investments with the opportunities for
     growth and profitability

As a  result,  Sprint  expects  to  reduce  its  workforce  by up to 700 in SBS,
primarily in sales and support  areas.  The reduction  will be achieved  through
attrition,  voluntary  separations and layoffs.  All impacted  employees will be
eligible for severance benefits,  including an extension of pay and benefits and
professional outplacement assistance.

Financial guidance
Sprint  expects to report third quarter  Adjusted EPS,  which  excludes  network
impairment, restructuring and certain other one-time items, that is in excess of
the current mean analyst estimate of 21 cents per share.

*Financial Measures
Sprint provides readers financial  measures  generated using generally  accepted
accounting  principles  (GAAP) and using  adjustments  to GAAP  (non-GAAP).  The
non-GAAP financial measures reflect industry  conventions,  or standard measures
of liquidity,  profitability  or  performance  commonly  used by the  investment
community for  comparability  purposes.  Because Sprint does not predict special
items that might occur in the future, and our forecasts are developed at a level
of detail  different than that used to prepare  GAAP-based  financial  measures,
Sprint does not provide reconciliations to GAAP of its forward-looking financial
measures. The financial measures used in this release include the following:

Adjusted earnings per share is defined as diluted earnings (loss) per share from
continuing  operations plus special items.  This non-GAAP measure should be used
in  addition  to, but not as a  substitute  for,  the  analysis  provided in the
statement of operations.

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION:
This news release includes  "forward-looking  statements"  within the meaning of
the securities laws. The statements in this news release  regarding the business
outlook  and  expected  performance,  as well as other  statements  that are not
historical  facts,  are  forward-looking   statements.   The  words  "estimate,"
"project,"  "forecast,"  "intend,"  "expect,"  "believe,"  "target,"  "providing
guidance"  and similar  expressions  are  intended  to identify  forward-looking
statements.  Forward-looking statements are estimates and projections reflecting
management's judgment and involve a number of risks and uncertainties that could
cause  actual  results  to  differ   materially  from  those  suggested  by  the
forward-looking  statements.  With respect to these forward-looking  statements,
management  has made  assumptions  regarding,  among other things,  customer and
network usage,  customer growth and retention,  pricing,  operating  costs,  the
timing of various events and the economic environment.

Future performance cannot be ensured.  Actual results may differ materially from
those in the  forward-looking  statements.  Some factors that could cause actual
results to differ include:
o    the effects of vigorous  competition  and the overall  demand for  Sprint's
     service offerings in the markets in which Sprint operates;
o    the costs and business  risks  associated  with  providing new services and
     entering new markets;
o    adverse  change in the  ratings  afforded  our debt  securities  by ratings
     agencies;
o    the ability of Wireless to continue to grow and improve profitability;
o    the ability of Local and Long distance to maintain cash flow generation;
o    the  effects  of  mergers  and  consolidations  in  the  telecommunications
     industry and unexpected  announcements  or developments  from others in the
     telecommunications industry;
o    the uncertainties related to bankruptcies  affecting the telecommunications
     industry;
o    the impact of financial  difficulties of third-party affiliates on Wireless
     network coverage;
o    the uncertainties related to Sprint's investments in networks,  systems and
     other businesses;
o    the  uncertainties  related  to the  implementation  of  Sprint's  business
     strategies,  including our  initiative  to realign  services to enhance the
     focus on business and consumer customers;
o    the  impact  of  new,  emerging  and  competing  technologies  on  Sprint's
     business;
o    unexpected results of litigation filed against Sprint;
o    the risk of equipment failure, natural disasters,  terrorist acts, or other
     breaches of network or information technology security;
o    the  possibility  of one or more of the  markets in which  Sprint  competes
     being  impacted by changes in political  or other  factors such as monetary
     policy,  legal and regulatory  changes or other external factors over which
     Sprint has no control; and
o    other  risks  referenced  from time to time in  Sprint's  filings  with the
     Securities and Exchange Commission (SEC).
Sprint believes these  forward-looking  statements are reasonable;  however, you
should not place undue reliance on forward-looking  statements,  which are based
on current expectations and speak only as of the date of this release. Sprint is
not obligated to publicly release any revisions to forward-looking statements to
reflect  events  after the date of this  release or  unforeseen  events.  Unless
specifically  discussed in this release,  no forward-looking  statements made by
Sprint  before  the date of this  release  should be  deemed  to be  reiterated,
confirmed  or  updated  by any  statement  in this  release.  Sprint  provides a
detailed  discussion of risk factors in various SEC filings,  including its 2003
Form 10-K, and you are encouraged to review these filings.

About Sprint
Sprint  is a global  integrated  communications  provider  serving  more than 26
million  customers in over 100  countries.  With more than $26 billion in annual
revenues in 2003,  Sprint is widely  recognized for developing,  engineering and
deploying  state-of-the-art  network technologies,  including the United States'
first nationwide  all-digital,  fiber-optic  network and an award-winning Tier 1
Internet backbone.  Sprint provides local  communications  services in 39 states
and the  District of Columbia  and  operates  the largest  100-percent  digital,
nationwide  PCS wireless  network in the United  States.  For more  information,
visit www.sprint.com.