Acquisition by CenturyLink (Tables)

6 Months Ended

Jun. 30, 2012

Acquisition by CenturyLink

Schedule of preliminary assignment of the aggregate consideration

	April 1, 2011
	(Dollars in millions)
Cash, accounts receivable and other current assets*	$	2,121
Property, plant and equipment		9,529
Identifiable intangible assets:
Customer relationships		7,558
Capitalized software		1,702
Other		189
Other noncurrent assets		390
Current liabilities, excluding current maturities of long-term debt		(2,463	)
Current maturities of long-term debt		(2,422	)
Long-term debt		(10,253	)
Deferred credits and other liabilities		(4,201	)
Goodwill		10,123
Aggregate consideration	$	12,273

*

Includes estimated fair value of $1.194 billion for accounts receivable which had gross contractual value of $1.274 billion on April 1, 2011. The $80 million difference between the gross contractual value and the estimated fair value assigned represents our best estimate as of April 1, 2011 of contractual cash flows that would not be collected.

Schedule of acquisition related expenses

	Successor						Predecessor
	Three Months Ended June 30, 2012		Six Months Ended June 30, 2012		Three Months Ended June 30, 2011		Three Months Ended March 31, 2011
	(Dollars in millions)
Acquisition-related expenses	$	3		29		127		3