Long-Term Debt and Note Payable - Affiliate (Tables)

3 Months Ended

Mar. 31, 2022

Debt Disclosure [Abstract]

Schedule of long-term debt

The following chart reflects (i) the consolidated long-term debt of Qwest Corporation and its subsidiaries, including finance lease and other obligations, unamortized premiums, net, unamortized debt issuance costs and (ii) note payable - affiliate:

	Interest Rates (1)	Maturities (1)	March 31, 2022		December 31, 2021
			(Dollars in millions)
Senior notes	6.500% - 7.750%	2025 - 2057	$	1,986	1,986
Term loan (2)	LIBOR + 2.00%	2027	215		215
Finance lease and other obligations	Various	Various	2		2
Unamortized premiums, net			6		6
Unamortized debt issuance costs			(54)		(53)
Total long-term debt			2,155		2,156
Note payable - affiliate	4.728%	2022	$	1,215	1,187

_______________________________________________________________________________

(1)As of March 31, 2022.

(2)Qwest Corporation's Term Loan had interest rates of 2.460% and 2.110% as of March 31, 2022 and December 31, 2021, respectively.

Schedule of maturities of long-term debt

Set forth below is the aggregate principal amount of our long-term debt as of March 31, 2022 (excluding unamortized premiums, net, unamortized debt issuance costs and note payable-affiliate) maturing during the following years:

	(Dollars in millions)
2022 (remaining nine months)	$	—
2023	—
2024	—
2025	250
2026	—
2027 and thereafter	1,953
Total long-term debt	$	2,203