XML 70 R68.htm IDEA: XBRL DOCUMENT v2.4.1.9
Earnings (Loss) Per Common Share (Details) (USD $)
In Millions, except Share data, unless otherwise specified
 3 Months Ended 12 Months Ended
Dec. 31, 2014
Sep. 30, 2014
Jun. 30, 2014
Mar. 31, 2014
Dec. 31, 2013
Sep. 30, 2013
Jun. 30, 2013
Mar. 31, 2013
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
Income (Loss) (Numerator):                      
Net income (loss) $ 188us-gaap_NetIncomeLoss $ 188us-gaap_NetIncomeLoss $ 193us-gaap_NetIncomeLoss $ 203us-gaap_NetIncomeLoss $ 239us-gaap_NetIncomeLoss $ (1,045)us-gaap_NetIncomeLoss $ 269us-gaap_NetIncomeLoss $ 298us-gaap_NetIncomeLoss $ 772us-gaap_NetIncomeLoss $ (239)us-gaap_NetIncomeLoss $ 777us-gaap_NetIncomeLoss
Earnings applicable to non-vested restricted stock                 0ctl_IncomeLossApplicableToUnvestedRestrictedStockAwards 0ctl_IncomeLossApplicableToUnvestedRestrictedStockAwards (1)ctl_IncomeLossApplicableToUnvestedRestrictedStockAwards
Net income (loss) applicable to common stock for computing basic earnings (loss) per common share                 772us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic (239)us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic 776us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic
Net income (loss) as adjusted for purposes of computing diluted earnings (loss) per common share                 $ 772us-gaap_NetIncomeLossAvailableToCommonStockholdersDiluted $ (239)us-gaap_NetIncomeLossAvailableToCommonStockholdersDiluted $ 776us-gaap_NetIncomeLossAvailableToCommonStockholdersDiluted
Weighted average number of shares:                      
Outstanding during period (in shares)                 572,748,000us-gaap_WeightedAverageNumberOfSharesIssuedBasic 604,404,000us-gaap_WeightedAverageNumberOfSharesIssuedBasic 622,139,000us-gaap_WeightedAverageNumberOfSharesIssuedBasic
Non-vested restricted stock (in shares)                 (4,313,000)us-gaap_WeightedAverageNumberOfSharesRestrictedStock (3,512,000)us-gaap_WeightedAverageNumberOfSharesRestrictedStock (2,796,000)us-gaap_WeightedAverageNumberOfSharesRestrictedStock
Non-vested restricted stock units (in shares)                 0ctl_WeightedAverageNumberOfSharesRestrictedStockUnits 0ctl_WeightedAverageNumberOfSharesRestrictedStockUnits 862,000ctl_WeightedAverageNumberOfSharesRestrictedStockUnits
Weighted average shares outstanding for computing basic earnings (loss) per common share (in shares)                 568,435,000us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 600,892,000us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 620,205,000us-gaap_WeightedAverageNumberOfSharesOutstandingBasic
Incremental common shares attributable to dilutive securities:                      
Shares issuable under convertible securities (in shares)                 10,000us-gaap_IncrementalCommonSharesAttributableToConversionOfDebtSecurities 0us-gaap_IncrementalCommonSharesAttributableToConversionOfDebtSecurities 12,000us-gaap_IncrementalCommonSharesAttributableToConversionOfDebtSecurities
Shares issuable under incentive compensation plans (in shares)                 1,294,000us-gaap_IncrementalCommonSharesAttributableToShareBasedPaymentArrangements 0us-gaap_IncrementalCommonSharesAttributableToShareBasedPaymentArrangements 2,068,000us-gaap_IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
Number of shares as adjusted for purposes of computing diluted earnings (loss) per common share (in shares)                 569,739,000us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 600,892,000us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 622,285,000us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding
Basic earnings (loss) per common share (in dollars per share) $ 0.33us-gaap_EarningsPerShareBasic $ 0.33us-gaap_EarningsPerShareBasic $ 0.34us-gaap_EarningsPerShareBasic $ 0.35us-gaap_EarningsPerShareBasic $ 0.41us-gaap_EarningsPerShareBasic $ (1.76)us-gaap_EarningsPerShareBasic $ 0.45us-gaap_EarningsPerShareBasic $ 0.48us-gaap_EarningsPerShareBasic $ 1.36us-gaap_EarningsPerShareBasic $ (0.40)us-gaap_EarningsPerShareBasic $ 1.25us-gaap_EarningsPerShareBasic
Diluted earnings (loss) per common share (in dollars per share) $ 0.33us-gaap_EarningsPerShareDiluted $ 0.33us-gaap_EarningsPerShareDiluted $ 0.34us-gaap_EarningsPerShareDiluted $ 0.35us-gaap_EarningsPerShareDiluted $ 0.41us-gaap_EarningsPerShareDiluted $ (1.76)us-gaap_EarningsPerShareDiluted $ 0.44us-gaap_EarningsPerShareDiluted $ 0.48us-gaap_EarningsPerShareDiluted $ 1.36us-gaap_EarningsPerShareDiluted [1] $ (0.40)us-gaap_EarningsPerShareDiluted [1] $ 1.25us-gaap_EarningsPerShareDiluted [1]
Stock option awards                      
Incremental common shares attributable to dilutive securities:                      
Number of shares of common stock excluded from the computation of diluted earnings per share                 2,500,000us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
/ us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis
= us-gaap_EmployeeStockOptionMember		 2,700,000us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
/ us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis
= us-gaap_EmployeeStockOptionMember		 2,200,000us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
/ us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis
= us-gaap_EmployeeStockOptionMember
Share-based payments and convertible debt securities                      
Incremental common shares attributable to dilutive securities:                      
Number of shares of common stock excluded from the computation of diluted earnings per share                 1,300,000us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
/ us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis
= ctl_ShareBasedPaymentsandConvertibleDebtSecuritiesMember		    
[1] Years Ended December 31, 2014 2013 2012 (Dollars in millions, except per share amounts, shares in thousands)Income (Loss) (Numerator): Net income (loss)$772 (239) 777Earnings applicable to non-vested restricted stock— — (1)Net income (loss) applicable to common stock for computing basic earnings (loss) per common share772 (239) 776Net income (loss) as adjusted for purposes of computing diluted earnings (loss) per common share$772 (239) 776Shares (Denominator): Weighted average number of shares: Outstanding during period572,748 604,404 622,139Non-vested restricted stock(4,313) (3,512) (2,796)Non-vested restricted stock units— — 862Weighted average shares outstanding for computing basic earnings (loss) per common share568,435 600,892 620,205Incremental common shares attributable to dilutive securities: Shares issuable under convertible securities10 — 12Shares issuable under incentive compensation plans1,294 — 2,068Number of shares as adjusted for purposes of computing diluted earnings (loss) per common share569,739 600,892 622,285Basic earnings (loss) per common share$1.36 (0.40) 1.25Diluted earnings (loss) per common share$1.36 (0.40) 1.25