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Long-Term Debt and Credit Facilities (Tables)
 12 Months Ended
Dec. 31, 2023
Debt Disclosure [Abstract]  
Schedule of long-term debt including unamortized discounts and premiums
The following table reflects the consolidated long-term debt of Lumen Technologies, Inc. and its subsidiaries as of the dates indicated below, including unamortized discounts and premiums and unamortized debt issuance costs:
   As of December 31,
 
Interest Rates(1)
Maturities(1)
20232022
   (Dollars in millions)
Senior Secured Debt: (2)
Lumen Technologies, Inc.    
Revolving Credit Facility(3)
SOFR + 2.00%
2025$200 — 
Term Loan A(4)
SOFR + 2.00%
2025933 991 
Term Loan A-1(4)
SOFR + 2.00%
2025266 283 
Term Loan B(5)
SOFR + 2.25%
20273,891 3,941 
Senior notes
4.000%
20271,250 1,250 
Subsidiaries:
Level 3 Financing, Inc.
Tranche B 2027 Term Loan(6)
SOFR + 1.75%
20272,411 2,411 
Senior notes
3.400% - 10.500%
2027 - 2030
2,425 1,500 
Senior Notes and Other Debt:
Lumen Technologies, Inc.
Senior notes
4.500% - 7.650%
2025 - 2042
2,143 3,722 
Subsidiaries:   
Level 3 Financing, Inc.
Senior notes
3.625% - 4.625%
2027 - 2029
3,940 3,940 
Qwest Corporation
Senior notes
6.500% - 7.750%
2025 - 2057
1,986 1,986 
Term loan(7)
SOFR + 2.50%
2027215 215 
Qwest Capital Funding, Inc.
Senior notes
6.875% - 7.750%
2028 - 2031
192 192 
Finance lease and other obligations(8)
VariousVarious285 317 
Unamortized discounts, net  (4)(7)
Unamortized debt issuance costs(145)(169)
Total long-term debt  19,988 20,572 
Less current maturities  (157)(154)
Long-term debt, excluding current maturities  $19,831 20,418 
_______________________________________________________________________________
(1)As of December 31, 2023.
(2)See the remainder of this Note for a description of certain parent or subsidiary guarantees and liens securing this debt.
(3)Revolving Credit Facility had an interest rate of 7.464% as of December 31, 2023.
(4)Term Loans A and A-1 had interest rates of 7.470% and 6.384% as of December 31, 2023 and December 31, 2022, respectively.
(5)Term Loan B had interest rates of 7.720% and 6.634% as of December 31, 2023 and December 31, 2022, respectively.
(6)The Level 3 Tranche B 2027 Term Loan had interest rates of 7.220% and 6.134% as of December 31, 2023 and December 31, 2022, respectively.
(7)The Qwest Corporation Term Loan had interest rates of 7.970% and 6.640% as of December 31, 2023 and December 31, 2022, respectively.
(8)December 31, 2022 excludes finance lease obligations of our EMEA business that were classified as held for sale as of December 31, 2022 and sold on November 1, 2023. See Note 2—Divestitures of the Latin American, ILEC and EMEA Businesses.
Schedule of maturities of long-term debt
Set forth below is the aggregate principal amount of our long-term debt as of December 31, 2023 (excluding unamortized discounts, net, and unamortized debt issuance costs) maturing during the following years.

 (Dollars in millions)
2024$157 
20251,864 
2026498 
20279,386 
20281,539 
2029 and thereafter6,693 
Total long-term debt$20,137 
Schedule of debt repayments
The following table sets forth the aggregate principal amount of each series of Lumen’s senior unsecured notes retired during the year ended December 31, 2023, in connection with the above-described exchange transactions:

DebtPeriod of Reduction
Aggregate principal (amounts in millions)
5.625% Senior Notes, Series X, due 2025
Q1 2023$48 
7.200% Senior Notes, Series D, due 2025
Q1 202321 
5.125% Senior Notes due 2026
Q1 2023291 
6.875% Debentures, Series G, due 2028
Q1 202352 
5.375% Senior Notes due 2029
Q1 2023275 
4.500% Senior Notes due 2029
Q1 2023556 
7.600% Senior Notes, Series P, due 2039
Q1 2023161 
7.650% Senior Notes, Series U, due 2042
Q1 2023131 
5.625% Senior Notes, Series X, due 2025
Q2 20231 
4.500% Senior Notes due 2029
Q2 20232 
7.600% Senior Notes, Series P, due 2039
Q2 20233 
7.650% Senior Notes, Series U, due 2042
Q2 202313 
Total$1,554 
During 2022, Lumen borrowed $2.4 billion from, and made repayments of $2.6 billion to, its revolving credit facility. We used our net revolving credit draws and available cash to repay the following aggregate principal amounts of indebtedness through a combination of tender offers, redemptions, prepayments, amortization payments and payments at maturity. These transactions resulted in a net gain on the extinguishment of debt of $214 million.

DebtPeriod of Repayment(Dollars in millions)
Lumen Technologies, Inc.
5.800% Senior Notes due 2022 (at maturity)
Q1 2022$1,400 
6.750% Senior Notes, Series W, due 2023
Q4 2022750 
7.500% Senior Notes, Series Y, due 2024
Q4 2022982 
7.500% Senior Notes, Series Y, due 2024
Q3 202218 
5.625% Senior Notes, Series X, due 2025
Q4 2022286 
7.200% Senior Notes, Series D, due 2025
Q4 202234 
5.125% Senior Notes due 2026
Q4 2022520 
5.125% Senior Notes due 2026
Q3 202211 
6.875% Debentures, Series G, due 2028
Q4 2022130 
5.375% Senior Notes due 2029
Q4 2022494 
Term Loan B prepaymentQ4 2022909 
Scheduled term loan paymentsMultiple125 
Level 3 Financing, Inc.
Tranche B 2027 Term LoanQ3 2022700 
5.375% Senior Notes due 2025
Q3 2022800 
5.250% Senior Notes due 2026
Q3 2022775 
Embarq Corporation Subsidiaries
First Mortgage BondsQ4 2022137 
Qwest Capital Funding, Inc.
Senior NotesQ4 202263 
OtherQ4 202268 
Total debt repayments
$8,202 
Schedule of amount of gross interest expense, net of capitalized interest
Interest expense includes interest on total long-term debt. The following table presents the amount of gross interest expense, net of capitalized interest:

 Years Ended December 31,
 202320222021
 (Dollars in millions)
Interest expense:   
Gross interest expense$1,269 1,398 1,575 
Capitalized interest(111)(66)(53)
Total interest expense$1,158 1,332 1,522