Long-Term Debt and Credit Facilities (Tables)

6 Months Ended

Jun. 30, 2019

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	June 30, 2019			December 31, 2018
			(Dollars in millions)
Senior Secured Debt: (2)
CenturyLink, Inc.
2017 Revolving Credit Facility	5.151% - 5.237%	2022	$	650		550
Term Loan A (3)	LIBOR + 2.75%	2022	1,579			1,622
Term Loan A-1 (3)	LIBOR + 2.75%	2022	342			351
Term Loan B (3)	LIBOR + 2.75%	2025	5,910			5,940
Subsidiaries:
Level 3 Financing, Inc.
Tranche B 2024 Term Loan (4)	LIBOR + 2.25%	2024	4,611			4,611
Embarq Corporation subsidiaries
First mortgage bonds	7.125% - 8.375%	2023 - 2025	138			138
Senior Notes and Other Debt:
CenturyLink, Inc.
Senior notes	5.625% - 7.650%	2019 - 2042	7,698			8,036
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	5,956			5,956
Term loan	4.410%	2025	100			100
Qwest Capital Funding, Inc.
Senior notes	6.875% - 7.750%	2021 - 2031	352			697
Embarq Corporation and subsidiary
Senior note	7.995%	2036	1,450			1,485
Other	9.000%	2019	148			150
Finance lease and other obligations	Various	Various	223			801
Unamortized discounts and other, net			(21		)	(8	)
Unamortized debt issuance costs			(263		)	(283	)
Total long-term debt			34,788			36,061
Less current maturities			(1,595		)	(652	)
Long-term debt, excluding current maturities			$	33,193		35,409

______________________________________________________________________ 

(1) As of June 30, 2019.

(2) For information on certain parent or subsidiary guarantees and liens securing this debt, see "Other" below.

(3) Term Loans A, A-1 and B had interest rates of 5.152% and 5.272% as of June 30, 2019 and December 31, 2018, respectively.

(4) The Tranche B 2024 Term Loan had an interest rate of 4.652% as of June 30, 2019 and 4.754% as of December 31, 2018, respectively.

Schedule of maturities of long-term debt

Set forth below is the aggregate principal amount of our long-term debt (excluding unamortized discounts, net and unamortized debt issuance costs) maturing during the following years as of June 30, 2019:

	(Dollars in millions)
2019 (remaining six months)	$	496
2020	1,191
2021	3,118
2022	5,386
2023	2,095
2024 and thereafter	22,786
Total long-term debt	$	35,072