XML 24 R3.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONSOLIDATED BALANCE SHEETS (USD $)
In Millions, unless otherwise specified
Jun. 30, 2014
Dec. 31, 2013
CURRENT ASSETS    
Cash and cash equivalents $ 10 $ 14
Accounts receivable, less allowance of $37 and $43 740 738
Advances to affiliates 566 712
Deferred income taxes, net 165 161
Other 141 126
Total current assets 1,622 1,751
NET PROPERTY, PLANT AND EQUIPMENT    
Property, plant and equipment 10,602 10,193
Accumulated depreciation (3,481) (2,985)
Net property, plant and equipment 7,121 7,208
GOODWILL AND OTHER ASSETS    
Goodwill 9,354 9,354
Customer relationships, less accumulated amortization of $2,342 and $2,012 3,357 3,687
Other intangible assets, less accumulated amortization of $1,103 and $994 912 1,008
Other 203 210
Total goodwill and other assets 13,826 14,259
TOTAL ASSETS 22,569 23,218
CURRENT LIABILITIES    
Current maturities of long-term debt 724 637
Accounts payable 457 440
Note payable-affiliate 775 754
Accrued expenses and other liabilities    
Salaries and benefits 182 217
Income and other taxes 188 206
Other 129 126
Advance billings and customer deposits 325 320
Total current liabilities 2,780 2,700
LONG-TERM DEBT 6,788 6,921
DEFERRED CREDITS AND OTHER LIABILITIES    
Deferred revenue 158 161
Deferred income taxes, net 2,297 2,473
Affiliates obligations, net 1,241 1,263
Other 83 87
Total deferred credits and other liabilities 3,779 3,984
COMMITMENTS AND CONTINGENCIES (Note 5)      
STOCKHOLDER'S EQUITY    
Common stock - one share without par value, owned by Qwest Services Corporation 10,050 10,050
Accumulated deficit (828) (437)
Total stockholder's equity 9,222 9,613
TOTAL LIABILITIES AND STOCKHOLDER'S EQUITY $ 22,569 $ 23,218