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CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Millions
Sep. 30, 2023
Dec. 31, 2022
CURRENT ASSETS    
Cash and cash equivalents $ 8 $ 8
Accounts receivable, less allowance of $43 and $36 267 309
Other 144 120
Total current assets 2,052 1,013
Property, plant and equipment, net of accumulated depreciation of $8,125 and $7,617 8,563 8,273
GOODWILL AND OTHER ASSETS    
Goodwill 9,360 9,360
Other intangible assets, net 111 138
Other, net 159 141
Total goodwill and other assets 9,630 9,639
TOTAL ASSETS 20,245 18,925
CURRENT LIABILITIES    
Current maturities of long-term debt 1 2
Accounts payable 330 213
Accrued expenses and other liabilities    
Salaries and benefits 134 127
Income and other taxes 111 89
Other 125 130
Current portion of deferred revenue 170 167
Total current liabilities 871 728
LONG-TERM DEBT 2,156 2,155
DEFERRED CREDITS AND OTHER LIABILITIES    
Deferred income taxes, net 1,261 1,282
Other 704 654
Total deferred credits and other liabilities 2,471 2,488
COMMITMENTS AND CONTINGENCIES (Note 8)
STOCKHOLDER'S EQUITY    
Common stock - one share without par value, owned by Qwest Services Corporation 10,050 10,050
Retained earnings 4,697 3,504
Total stockholder's equity 14,747 13,554
TOTAL LIABILITIES AND STOCKHOLDER'S EQUITY 20,245 18,925
Related Party    
CURRENT ASSETS    
Advances to affiliates 1,633 576
DEFERRED CREDITS AND OTHER LIABILITIES    
Affiliate obligations, net $ 506 $ 552