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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Mar. 31, 2022
Dec. 31, 2021
CURRENT ASSETS    
Cash and cash equivalents $ 9 $ 2
Accounts receivable, less allowance of $36 and $38 279 301
Advances to affiliates 482 0
Other 191 187
Total current assets 961 490
Property, plant and equipment, net of accumulated depreciation of $7,043 and $6,879 8,184 8,180
GOODWILL AND OTHER ASSETS    
Goodwill 9,360 9,360
Other intangible assets, net 186 199
Other, net 137 141
Total goodwill and other assets 9,683 9,700
TOTAL ASSETS 18,828 18,370
CURRENT LIABILITIES    
Accounts payable 220 206
Advances from affiliates 0 55
Note payable - affiliate 1,215 1,187
Accrued expenses and other liabilities    
Salaries and benefits 113 138
Income and other taxes 116 94
Other 147 182
Current portion of deferred revenue 174 174
Total current liabilities 1,985 2,036
LONG-TERM DEBT 2,155 2,156
DEFERRED CREDITS AND OTHER LIABILITIES    
Deferred income taxes, net 1,274 1,276
Affiliate obligations, net 594 597
Other 657 670
Total deferred credits and other liabilities 2,525 2,543
COMMITMENTS AND CONTINGENCIES (Note 7)
STOCKHOLDER'S EQUITY    
Common stock - one share without par value, owned by Qwest Services Corporation 10,050 10,050
Retained earnings 2,113 1,585
Total stockholder's equity 12,163 11,635
TOTAL LIABILITIES AND STOCKHOLDER'S EQUITY $ 18,828 $ 18,370