Long-Term Debt and Credit Facilities (Tables)

3 Months Ended

Mar. 31, 2016

Debt Disclosure [Abstract]

Schedule of long-term debt including unamortized discounts and premiums

Long-term debt, including unamortized discounts and premiums and unamortized debt issuance costs, consisted of borrowings by CenturyLink, Inc. and certain of its subsidiaries, including Qwest Corporation, Qwest Capital Funding, Inc. and Embarq Corporation and subsidiaries ("Embarq"), were as follows:

	Interest Rates	Maturities	As of March 31, 2016			As of December 31, 2015
			(Dollars in millions)
CenturyLink, Inc.
Senior notes	5.150% - 7.650%	2017 - 2042	$	7,975		7,975
Credit facility and revolving line of credit(1)	—%	2019	—			410
Term loan	2.190%	2019	352			358
Subsidiaries
Qwest Corporation
Senior notes	6.125% - 8.375%	2016 - 2056	7,464			7,229
Term loan	2.190%	2025	100			100
Qwest Capital Funding, Inc.
Senior notes	6.500% - 7.750%	2018 - 2031	981			981
Embarq Corporation and subsidiaries
Senior notes	7.082% - 7.995%	2016 - 2036	2,669			2,669
First mortgage bonds	7.125% - 8.770%	2017 - 2025	232			232
Other	9.000%	2019	150			150
Capital lease and other obligations	Various	Various	415			425
Unamortized discounts, net			(128		)	(125	)
Unamortized debt issuance costs			(185		)	(179	)
Total long-term debt			20,025			20,225
Less current maturities			(517		)	(1,503	)
Long-term debt, excluding current maturities			$	19,508		18,722

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⁽¹⁾  The aggregate amount outstanding on our Credit Facility and revolving line of credit borrowings at December 31, 2015 was $410 million with a weighted-average interest rate of 2.756%. At March 31, 2016, we had no borrowings outstanding under our Credit Facility or revolving line of credit. These amounts change on a regular basis.