Acquisition of QCII by CenturyLink (Tables)

12 Months Ended

Dec. 31, 2012

Acquisition of QCII by CenturyLink

Schedule of assignment of the aggregate consideration

	April 1, 2011
	(Dollars in millions)
Cash, accounts receivable and other current assets*	$	1,091
Property, plant and equipment		7,460
Identifiable intangible assets:
Customer relationships		5,699
Capitalized software		1,702
Other noncurrent assets		209
Current liabilities, excluding current maturities of long-term debt		(2,446	)
Current maturities of long-term debt		(2,378	)
Long-term debt		(6,310	)
Deferred credits and other liabilities		(4,445	)
Goodwill		9,369
Aggregate consideration	$	9,951

*

Includes estimated fair value of $674 million for accounts receivable, excluding affiliate accounts receivable, which had gross contractual value of $722 million on April 1, 2011. The $48 million difference between the gross contractual value and the estimated fair value assigned represents our best estimate as of April 1, 2011 of contractual cash flows that would not be collected.

Schedule of acquisition related expenses

	Successor				Predecessor		Combined
	Year Ended December 31, 2012		Nine Months Ended December 31, 2011		Three Months Ended March 31, 2011		Twelve Months Ended December 31, 2011
Acquisition-related expenses	$	39		146		2		148