Exhibit 99.2

Qwest Communications International Inc.
Condensed Consolidated Balance Sheets
(Dollars in millions, except per share amounts)

		(unaudited)
		June 30,			December 31,
		2002			2001
ASSETS
Current assets:
	Cash and cash equivalents	$	699		$	257
	Accounts receivable-net		3,824			4,501
	Inventories and supplies		83			166
	Restricted cash		750			—
	Prepaid and other current assets		470			566
	Current assets of businesses held for sale		7			5
Total current assets			5,833			5,495
Property, plant and equipment-net			29,759			30,230
Assets of businesses held for sale-net			4			8
Goodwill-net			29,696			29,696
Intangible assets-net			4,774			4,827
Investments			53			1,400
Other assets			2,190			2,125
Total assets		$	72,309		$	73,781
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
	Current borrowings	$	5,894		$	4,806
	Accounts payable		1,290			1,529
	Accrued expenses and other current liabilities		2,562			3,260
	Advance billings and customer deposits		391			392
	Current liabilities of businesses held for sale		2			2
Total current liabilities			10,139			9,989
Long-term borrowings			20,370			20,197
Post-retirement and other post-employment benefit obligations			2,881			2,923
Deferred income taxes			2,189			2,194
Deferred credits and other			1,832			1,823
Commitments and contingencies
Stockholders’ equity:
	Preferred stock-$1.00 par value, 200 million shares authorized, none issued and outstanding		—			—
	Common stock-$0.01 par value, 5 billion shares authorized, 1,696 million and 1,687 million issued, 1,681 million and 1,664 million outstanding		17			17
	Additional paid-in capital		41,446			41,801
	Treasury stock		(636	)		(1,041	)
	Accumulated deficit		(5,926	)		(4,082	)
	Accumulated other comprehensive loss		(3	)		(40	)
Total stockholders’ equity			34,898			36,655
Total liabilities and stockholders’ equity		$	72,309		$	73,781