Long-Term Debt and Credit Facilities (Tables)

3 Months Ended

Mar. 31, 2018

Debt Disclosure [Abstract]

Schedule of long-term debt including unamortized discounts and premiums

The following chart reflects the consolidated long-term debt of CenturyLink, Inc. and its subsidiaries, including unamortized discounts and premiums and unamortized debt issuance costs, but excluding intercompany debt:

	Interest Rates(1)	Maturities	As of March 31, 2018			As of December 31, 2017
			(Dollars in millions)
Senior Secured Debt:
CenturyLink, Inc.
2017 Revolving Credit Facility(2)	N/A	2022	$	—		405
Term Loan A	4.627%	2022	1,686			1,575
Term Loan A-1	4.627%	2022	365			370
Term Loan B	4.627%	2025	5,985			6,000
Subsidiaries:
Level 3 Financing, Inc.
Tranche B 2024 Term Loan	4.111%	2024	4,611			4,611
Embarq Corporation subsidiaries
First mortgage bonds	7.125% - 8.375%	2023 - 2025	138			151
Senior Notes and Other Debt:
CenturyLink, Inc.
Senior notes	5.625% - 7.650%	2019 - 2042	8,125			8,125
Subsidiaries:
Level 3 Financing, Inc.
Senior notes	5.125% - 6.125%	2021 - 2026	5,315			5,315
Level 3 Parent, LLC
Senior notes	5.750%	2022	600			600
Qwest Corporation
Senior notes	6.125% - 7.750%	2021 - 2057	7,294			7,294
Term loan	3.890%	2025	100			100
Qwest Capital Funding, Inc.
Senior notes	6.500% - 7.750%	2018 - 2031	981			981
Embarq Corporation and subsidiary
Senior note	7.995%	2036	1,485			1,485
Other	9.000%	2019	150			150
Capital lease and other obligations	Various	Various	868			891
Unamortized premiums and other, net			17			23
Unamortized debt issuance costs			(343		)	(350	)
Total long-term debt			37,377			37,726
Less current maturities			(437		)	(443	)
Long-term debt, excluding current maturities			$	36,940		37,283

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⁽¹⁾  As ofMarch 31, 2018.

⁽²⁾  The aggregate amount outstanding on our revolving line of credit borrowings atDecember 31, 2017 was$405 million, with a weighted-average interest rate of 4.186%. At March 31, 2018, we had no borrowings outstanding under our 2017 credit facility or revolving line of credit. These amounts change on a regular basis.