XML 59 R5.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONSOLIDATED BALANCE SHEETS (USD $)
In Millions, unless otherwise specified
Sep. 30, 2012
Dec. 31, 2011
CURRENT ASSETS    
Cash and cash equivalents $ 54 $ 48
Accounts receivable, less allowance of $75 and $62 1,237 1,201
Advances to affiliates 770 742
Deferred income taxes, net 549 559
Other 334 265
Total current assets 2,944 2,815
NET PROPERTY, PLANT AND EQUIPMENT    
Property, plant and equipment 11,365 10,679
Accumulated depreciation (2,248) (1,218)
Net property, plant and equipment 9,117 9,461
GOODWILL AND OTHER ASSETS    
Goodwill 10,123 10,123
Customer relationships, net 6,059 6,788
Other intangible assets, net 1,355 1,587
Other 390 381
Total goodwill and other assets 17,927 18,879
TOTAL ASSETS 29,988 31,155
CURRENT LIABILITIES    
Current maturities of long-term debt 1,407 117
Accounts payable 765 973
Accounts payable-affiliates, net   394
Notes payable-affiliates 1,985  
Dividends payable-CenturyLink, Inc.   200
Accrued expenses and other liabilities    
Salaries and benefits 526 469
Income and other taxes 271 263
Interest 187 175
Other 125 104
Advance billings and customer deposits 433 400
Total current liabilities 5,699 3,095
LONG-TERM DEBT 8,849 12,179
DEFERRED CREDITS AND OTHER LIABILITIES    
Benefit plan obligations, net 3,102 3,198
Deferred income taxes, net 746 630
Other 707 777
Total deferred credits and other liabilities 4,555 4,605
COMMITMENTS AND CONTINGENCIES (Note 9)      
STOCKHOLDER'S EQUITY    
Common stock-$0.01 par value, 1,000 shares authorized, issued and owned by CenturyLink      
Additional paid-in capital 12,273 12,273
Accumulated other comprehensive loss (446) (446)
Accumulated deficit (942) (551)
Total stockholder's equity 10,885 11,276
TOTAL LIABILITIES AND STOCKHOLDER'S EQUITY $ 29,988 $ 31,155