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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Jun. 30, 2022
Dec. 31, 2021
CURRENT ASSETS    
Cash and cash equivalents $ 5 $ 2
Accounts receivable, less allowance of $31 and $38 297 301
Advances to affiliates 993 0
Other 134 187
Total current assets 1,429 490
Property, plant and equipment, net of accumulated depreciation of $7,229 and $6,879 8,202 8,180
GOODWILL AND OTHER ASSETS    
Goodwill 9,360 9,360
Other intangible assets, net 170 199
Other, net 135 141
Total goodwill and other assets 9,665 9,700
TOTAL ASSETS 19,296 18,370
CURRENT LIABILITIES    
Accounts payable 238 206
Advances from affiliates 0 55
Note payable - affiliate 1,215 1,187
Accrued expenses and other liabilities    
Salaries and benefits 104 138
Income and other taxes 91 94
Other 152 182
Current portion of deferred revenue 173 174
Total current liabilities 1,973 2,036
LONG-TERM DEBT 2,155 2,156
DEFERRED CREDITS AND OTHER LIABILITIES    
Deferred income taxes, net 1,273 1,276
Affiliate obligations, net 584 597
Other 656 670
Total deferred credits and other liabilities 2,513 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 2,605 1,585
Total stockholder's equity 12,655 11,635
TOTAL LIABILITIES AND STOCKHOLDER'S EQUITY $ 19,296 $ 18,370