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CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Millions
Mar. 31, 2023
Dec. 31, 2022
CURRENT ASSETS    
Cash and cash equivalents $ 4 $ 8
Accounts receivable, less allowance of $34 and $36 338 309
Advances to affiliates 978 576
Other 169 120
Total current assets 1,489 1,013
Property, plant and equipment, net of accumulated depreciation of $7,789 and $7,617 8,338 8,273
GOODWILL AND OTHER ASSETS    
Goodwill 9,360 9,360
Other intangible assets, net 129 138
Other, net 154 141
Total goodwill and other assets 9,643 9,639
TOTAL ASSETS 19,470 18,925
CURRENT LIABILITIES    
Current maturities of long-term debt 1 2
Accounts payable 305 213
Accrued expenses and other liabilities    
Salaries and benefits 116 127
Income and other taxes 116 89
Other 127 130
Current portion of deferred revenue 169 167
Total current liabilities 834 728
LONG-TERM DEBT 2,156 2,155
DEFERRED CREDITS AND OTHER LIABILITIES    
Deferred income taxes, net 1,272 1,282
Affiliate obligations, net 536 552
Other 664 654
Total deferred credits and other liabilities 2,472 2,488
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 3,958 3,504
Total stockholder's equity 14,008 13,554
TOTAL LIABILITIES AND STOCKHOLDER'S EQUITY $ 19,470 $ 18,925