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CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Millions
Mar. 31, 2024
Dec. 31, 2023
CURRENT ASSETS    
Cash and cash equivalents $ 14 $ 10
Accounts receivable, less allowance of $38 and $34 272 261
Other 162 144
Total current assets 448 415
Property, plant and equipment, net of accumulated depreciation of $8,410 and $8,239 8,763 8,700
GOODWILL AND OTHER ASSETS    
Goodwill 6,955 6,955
Other intangible assets, net 99 103
Other, net 162 164
Total goodwill and other assets 7,216 7,222
TOTAL ASSETS 16,427 16,337
CURRENT LIABILITIES    
Current maturities of long-term debt 1 1
Accounts payable 305 362
Advances from affiliates 83 61
Accrued expenses and other liabilities    
Salaries and benefits 111 130
Income and other taxes 119 96
Other 121 121
Current portion of deferred revenue 159 162
Total current liabilities 899 933
LONG-TERM DEBT 1,941 2,156
DEFERRED CREDITS AND OTHER LIABILITIES    
Deferred income taxes, net 1,310 1,318
Other 687 679
Total deferred credits and other liabilities 2,478 2,492
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 1,059 706
Total stockholder's equity 11,109 10,756
TOTAL LIABILITIES AND STOCKHOLDER'S EQUITY 16,427 16,337
Affiliated entity    
Accounts Payable and Accrued Liabilities, Noncurrent $ 481 $ 495