Form 10-Q

Table of Contents

Table of Contents

Table of Contents

Table of Contents

Table of Contents

Table of Contents

Table of Contents

Table of Contents

Table of Contents

Table of Contents

Table of Contents

Table of Contents

Table of Contents

Table of Contents

Table of Contents

Table of Contents

Table of Contents

Table of Contents

Table of Contents

Table of Contents

Table of Contents

Table of Contents

Table of Contents

Table of Contents

Table of Contents

Table of Contents

Table of Contents

Table of Contents

Table of Contents

Table of Contents

Table of Contents

Table of Contents

Table of Contents

Table of Contents

Table of Contents

Table of Contents

Table of Contents

Table of Contents

Table of Contents

Table of Contents

0001193125-11-301889.txt : 20111108 0001193125-11-301889.hdr.sgml : 20111108 20111108144941 ACCESSION NUMBER: 0001193125-11-301889 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 11 CONFORMED PERIOD OF REPORT: 20110930 FILED AS OF DATE: 20111108 DATE AS OF CHANGE: 20111108 FILER: COMPANY DATA: COMPANY CONFORMED NAME: QWEST CORP CENTRAL INDEX KEY: 0000068622 STANDARD INDUSTRIAL CLASSIFICATION: TELEPHONE COMMUNICATIONS (NO RADIO TELEPHONE) [4813] IRS NUMBER: 840273800 STATE OF INCORPORATION: CO FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 001-03040 FILM NUMBER: 111187449 BUSINESS ADDRESS: STREET 1: 1801 CALIFORNIA ST STREET 2: SUITE 2950 CITY: DENVER STATE: CO ZIP: 80202 BUSINESS PHONE: 3038963099 MAIL ADDRESS: STREET 1: 1801 CALIFORNIA ST STREET 2: SUITE 2950 CITY: DENVER STATE: CO ZIP: 80202 FORMER COMPANY: FORMER CONFORMED NAME: MOUNTAIN STATES TELEPHONE & TELEGRAPH CO DATE OF NAME CHANGE: 19910109 10-Q 1 d227427d10q.htm FORM 10-Q Form 10-Q

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

x	QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended September 30, 2011

¨	TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from to

Commission File No. 1-03040

QWEST CORPORATION

(Exact name of registrant as specified in its charter)


Colorado		84-0273800
(State or other jurisdiction of incorporation or organization)		(I.R.S. Employer Identification No.)

100 CenturyLink Drive, Monroe, Louisiana		71203
(Address of principal executive offices)		(Zip Code)

(318) 388-9000

(Registrant’s telephone number, including area code)

N/A

(Former name and former fiscal year, if changed since last report)

1801 California Street, Denver, Colorado 80202

(Former address, if changed since last report)

THE REGISTRANT, A WHOLLY OWNED SUBSIDIARY OF CENTURYLINK, INC., MEETS THE CONDITIONS SET FORTH IN GENERAL INSTRUCTIONS H(1) (a) AND (b) OF FORM 10-Q AND IS THEREFORE FILING THIS FORM WITH REDUCED DISCLOSURE FORMAT.

Indicate by check mark whether the registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes x No ¨

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate website, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files). Yes x No ¨

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer or a smaller reporting company. See the definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act.

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ¨ No x

As of November 4, 2011, there was one share of common stock outstanding.

TABLE OF CONTENTS


	Page No.
Part I. Financial Information:

Item 1. Financial Statements

Consolidated Statements of Operations—Three and six months ended September 30, 2011 for the successor, three months ended March 31, 2011 and three and nine months ended September 30, 2010 for the predecessor (Unaudited)		3

Consolidated Statements of Comprehensive Income—Three and six months ended September 30, 2011 for the successor, three months ended March 31, 2011 and three and nine months ended September 30, 2010 for the predecessor (Unaudited)		4

Consolidated Balance Sheets—September 30, 2011 for the successor and December 31, 2010 for the predecessor (Unaudited)		5

Consolidated Statements of Cash Flows— Six months ended September 30, 2011 for the successor, three months ended March 31, 2011 and nine months ended September 30, 2010 for the predecessor (Unaudited)		6

Consolidated Statements of Stockholder’s Equity (Deficit)—Six months ended September 30, 2011 for the successor, three months ended March 31, 2011 and nine months ended September 30, 2010 for the predecessor (Unaudited)		7

Notes to Consolidated Financial Statements (Unaudited)*		8-16

Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations		17-29

Item 3. Quantitative and Qualitative Disclosures About Market Risk		30

Item 4. Controls and Procedures		30

Part II. Other Information:

Item 1. Legal Proceedings		31

Item 1A. Risk Factors		31-38

Item 6. Exhibits		39

Signature		40

*	All references to “Notes” in this quarterly report refer to these Notes to Consolidated Financial Statements.

PART I. FINANCIAL INFORMATION

Item 1. Financial Statements

Qwest Corporation

CONSOLIDATED STATEMENTS OF OPERATIONS

(UNAUDITED)


	Successor				Predecessor
	Three months ended September 30, 2011		Six months ended September 30, 2011		Three months ended March 31, 2011		Three months ended September 30, 2010		Nine months ended September 30, 2010
	(Dollars in millions)
OPERATING REVENUES
Operating revenues	$	1,793		3,609		1,870		1,923		5,809
Operating revenues—affiliates		397		812		398		388		1,162

Total operating revenues		2,190		4,421		2,268		2,311		6,971


OPERATING EXPENSES
Cost of services and products (exclusive of depreciation and amortization)		624		1,215		626		665		1,946
Selling, general and administrative		458		1,032		501		509		1,554
Operating expenses—affiliates		76		149		52		51		143
Depreciation and amortization		620		1,243		451		470		1,402

Total operating expenses		1,778		3,639		1,630		1,695		5,045


OPERATING INCOME		412		782		638		616		1,926

OTHER INCOME (EXPENSE)
Interest expense		(95)		(183)		(150)		(150)		(465)
Other income		—		(1)		2		1		2

Total other income (expense)		(95)		(184)		(148)		(149)		(463)


INCOME BEFORE INCOME TAX EXPENSE		317		598		490		467		1,463
Income tax expense		118		234		191		181		621

NET INCOME	$	199		364		299		286		842

See accompanying notes to consolidated financial statements.

Qwest Corporation

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

(UNAUDITED)


	Successor				Predecessor
	Three months ended September 30, 2011		Six months ended September 30, 2011		Three months ended March 31, 2011		Three months ended September 30, 2010		Nine months ended September 30, 2010
	(Dollars in millions)
NET INCOME	$	199		364		299		286		842


OTHER COMPREHENSIVE INCOME
Unrealized gain on investments and other, net of tax		—		—		1		—		2

Other comprehensive income		—		—		1		—		2

COMPREHENSIVE INCOME	$	199		364		300		286		844

See accompanying notes to consolidated financial statements.

Qwest Corporation

CONSOLIDATED BALANCE SHEETS

(UNAUDITED)


	Successor		Predecessor
	September 30, 2011		December 31, 2010
	(Dollars in millions)
ASSETS
CURRENT ASSETS
Cash and cash equivalents	$	7		192
Accounts receivable, less allowance of $31 and $48		692		720
Short-term affiliate loans		807		—
Deferred income tax asset		154		159
Other		102		181

Total current assets		1,762		1,252

NET PROPERTY, PLANT AND EQUIPMENT
Property, plant and equipment		8,003		44,205
Accumulated depreciation		(609)		(34,045)

Net property, plant and equipment		7,394		10,160
GOODWILL AND OTHER ASSETS
Goodwill		9,282		—
Customer relationships, net		5,651		—
Capitalized software, net		1,541		888
Other		195		270

Total goodwill and other assets		16,669		1,158

TOTAL ASSETS	$	25,825		12,570


LIABILITIES AND STOCKHOLDER’S EQUITY (DEFICIT)
CURRENT LIABILITIES
Current maturities of long-term debt	$	625		871
Accounts payable		678		679
Accounts payable—affiliates, net		160		205
Dividends payable—Qwest Services Corporation		510		140
Accrued expenses and other liabilities
Salaries and benefits		292		326
Other taxes		235		193
Interest		123		126
Other		48		44
Advance billings and customer deposits		252		372

Total current liabilities		2,923		2,956

LONG-TERM DEBT		8,326		7,141

DEFERRED CREDITS AND OTHER LIABILITIES
Deferred income taxes		2,969		1,327
Affiliates obligations, net		1,583		1,602
Other		315		375

Total deferred credits and other liabilities		4,867		3,304


COMMITMENTS AND CONTINGENCIES (Note 9)
STOCKHOLDER’S EQUITY (DEFICIT )
Common stock—one share without par value, owned by Qwest Services Corporation		9,973		11,425
Accumulated deficit		(264)		(12,256)

Total stockholder’s equity (deficit)		9,709		(831)

TOTAL LIABILITIES AND STOCKHOLDER’S EQUITY (DEFICIT)	$	25,825		12,570

See accompanying notes to consolidated financial statements.

Qwest Corporation

CONSOLIDATED STATEMENTS OF CASH FLOWS

(UNAUDITED)


	Successor		Predecessor
	Six months ended September 30, 2011		Three months ended March 31, 2011		Nine months ended September 30, 2010
	(Dollars in millions)
OPERATING ACTIVITIES
Net income	$	364		299		842
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization		1,243		451		1,402
Deferred income taxes		167		76		55
Provision for uncollectible accounts		31		17		48
Changes in current assets and current liabilities:
Accounts receivables		(31)		18		(33)
Accounts payable		(13)		(20)		40
Accounts receivable or payable—affiliates, net		(141)		93		(157)
Accrued income and other taxes		(12)		50		12
Other current assets and other current liabilities, net		40		(89)		23
Changes in other noncurrent assets and liabilities		59		(36)		(11)
Changes in other noncurrent assets and liabilities—affiliates		(40)		—		7
(Premium) discount amortization		(108)		3		9
Other, net		16		7		(1)

Net cash provided by operating activities		1,575		869		2,236


INVESTING ACTIVITIES
Payments for property, plant and equipment and capitalized software		(638)		(341)		(919)
Changes in interest in investments managed by Qwest Services Corporation		—		4		29
Changes in short-term affiliate loans		(767)		—		—
Other, net		2		2		1

Net cash used in investing activities		(1,403)		(335)		(889)


FINANCING ACTIVITIES
Payments of long-term debt		(853)		(14)		(519)
Net proceeds from issuance of long-term debt		1,200		—		—
Dividends paid to Qwest Services Corporation		(700)		(530)		(1,500)
Other, net		(13)		19		2

Net cash used in financing activities		(366)		(525)		(2,017)

Net (decrease) increase in cash and cash equivalents		(194)		9		(670)
Cash and cash equivalents at beginning of period		201		192		1,014

Cash and cash equivalents at end of period	$	7		201		344


Supplemental cash flow information:
Income taxes (paid) refunded (to) from Qwest Services Corporation, net	$	(239)		116		(663)
Interest paid (net of capitalized interest of $5, $3 and $8)	$	(290)		(149)		(462)

See accompanying notes to consolidated financial statements.

Qwest Corporation

CONSOLIDATED STATEMENTS OF STOCKHOLDER’S EQUITY (DEFICIT)

(UNAUDITED)


	Successor		Predecessor
	Six months ended September 30, 2011		Three months ended March 31, 2011		Nine months ended September 30, 2010
	(Dollars in millions)
COMMON STOCK
Balance at beginning of period	$	9,973		11,425		11,346
Asset transfers		—		—		27

Balance at end of period		9,973		11,425		11,373


ACCUMULATED DEFICIT
Balance at beginning of period		—		(12,256)		(11,034)
Net income		364		299		842
Dividends declared		(628)		(1,000)		(1,600)
Change in other comprehensive income		—		1		2

Balance at end of period		(264)		(12,956)		(11,790)

TOTAL STOCKHOLDER’S EQUITY (DEFICIT)	$	9,709		(1,531)		(417)

See accompanying notes to consolidated financial statements.

Qwest Corporation

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

SEPTEMBER 30, 2011

(UNAUDITED)

Unless the context requires otherwise, references in this report to “QC” refer to Qwest Corporation, references to “Qwest,” “we,” “us” and “our” refer to Qwest Corporation and its consolidated subsidiaries, references to “QSC” refer to our direct parent company, Qwest Services Corporation, and its consolidated subsidiaries, references to “QCII” refer to QSC’s direct parent company and our indirect parent company, Qwest Communications International Inc., and its consolidated subsidiaries, and references to “CenturyLink” refer to QCII’s direct parent company and our ultimate parent company, CenturyLink, Inc., and its consolidated subsidiaries.

(1) Basis of Presentation

On April 1, 2011, our indirect parent QCII became a wholly owned subsidiary of CenturyLink, Inc. in a tax-free, stock-for-stock transaction. Although we continued as a surviving corporation and legal entity after the acquisition, the accompanying consolidated statements of operations, comprehensive income, cash flows and stockholders’ equity (deficit) are presented for two periods: predecessor and successor, which relate to the period preceding the acquisition and the period succeeding the acquisition, respectively. The recognition of assets and liabilities at fair value has been reflected in our financial statements and therefore has resulted in a new basis of accounting for the “successor period” beginning on April 1, 2011. This new basis of accounting means that our financial statements for the successor periods are not comparable to our previously reported financial statements, including the predecessor period financial statements in this report.

The predecessor consolidated balance sheet as of December 31, 2010, which was derived from our audited financial statements, and our unaudited interim consolidated financial statements provided herein have been prepared in accordance with the instructions for Form 10-Q. Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been condensed or omitted pursuant to rules and regulations of the Securities and Exchange Commission, or SEC; however, in our opinion, the disclosures made are adequate to make the information presented not misleading. We believe that these consolidated financial statements include all normal recurring adjustments necessary to fairly present the results for the interim periods. The results of operations for the first nine months of the year are not indicative of the results of operations that might be expected for the entire year. These consolidated financial statements should be read in conjunction with the audited consolidated financial statements and the notes thereto included in our Annual Report on Form 10-K for the year ended December 31, 2010.

During the first quarter of 2011, we changed the definitions we use to classify expenses as cost of services and products and selling, general and administrative, and as a result, we reclassified previously reported amounts to conform to the current period presentation. We revised our definitions so that our expense classifications are more consistent with the expense classifications used by our new ultimate parent company, CenturyLink. These revisions resulted in the reclassification of $229 million and $699 million from selling, general and administrative to cost of services and products for the predecessor three and nine months ended September 30, 2010, respectively. Our current definitions are as follows:

•

Cost of services and products (exclusive of depreciation and amortization) are expenses incurred in providing products and services to our customers. These expenses include: employee-related expenses directly attributable to operating and maintaining our network (such as salaries, wages, benefits and professional fees); rents and utilities expenses; equipment sales expenses (such as modem expenses); costs for universal service funds (“USF”) (which are federal and state funds that are established to promote the availability of telecommunications services to all consumers at reasonable and affordable rates, among other things, and to which we are often required to contribute); and other expenses directly related to our network.

•

Selling, general and administrative expenses are expenses incurred in selling products and services to our customers, corporate overhead and other operating expenses. These expenses include: employee-related expenses (such as salaries, wages, internal commissions, benefits and professional fees) directly attributable to selling products or services and employee-related expenses for administrative functions; marketing and advertising; taxes (such as property and other taxes) and fees; external commissions; bad debt expense; and other selling, general and administrative expenses.

These expense classifications may not be comparable to those of other companies. We also have reclassified certain other prior period amounts to conform to the current period presentation. These changes had no impact on total operating expenses or net income for any period.

We have reclassified certain prior year balance sheet amounts presented in our Annual Report on Form 10-K for the year ended December 31, 2010. We made these changes so that the classifications of our assets and liabilities are more consistent with the asset and liability classifications used by our new ultimate parent company, CenturyLink. These reclassifications primarily included combining $899 million non-current prepaid pension asset—affiliates and $2.501 billion non-current post-retirement, other post-employment benefits and other—affiliates into $1.602 billion non-current affiliates obligations, net. We also combined $193 million accounts receivable—affiliates, $180 million current portion of post-retirement, other post-employment benefits and other—affiliates into accounts payable—affiliates, net. We reclassified $220 million from accrued expenses and other current liabilities to accounts payable. In addition, we reclassified $25 million from capitalized software, net into net property, plant and equipment.

We provide to our affiliates telecommunications services that we also provide to external customers. In addition, we provide to our affiliates computer system development and support services. We also purchase services from our affiliates including telecommunications services and marketing and employee-related support services. In the normal course of business, we transfer assets and liabilities to and from CenturyLink and its affiliates based on carrying value. We have recorded $28 million of non-cash dividends associated with asset transfers to CenturyLink during the six months ended September 30, 2011.

Recent Accounting Pronouncements.

•

In September 2011, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2011-08, Intangible—Goodwill and Other (Topic 350): Testing Goodwill for Impairment. This update simplifies the goodwill impairment assessment by allowing a company to first review qualitative factors to determine the likelihood of whether the fair value of a reporting unit is less than its carrying amount before applying the two-step goodwill impairment test. If it is determined that it is more likely than not that the fair value of a reporting unit is greater than its carrying amount, the company would not be required to perform the two-step goodwill impairment test for that reporting unit. This update is effective for interim and annual goodwill impairment tests performed for fiscal years beginning after December 15, 2011 with early adoption permitted. This ASU, which we adopted during the third quarter of 2011, did not have any impact on our consolidated financial statements.

•

In October 2009, the FASB issued ASU 2009-13, Revenue Recognition (Topic 605): Multiple-Deliverable Revenue Arrangements. This update requires the use of the relative selling price method when allocating revenue in these types of arrangements. This method requires a vendor to use its best estimate of selling price if neither vendor specific objective evidence nor third party evidence of selling price exists when evaluating multiple deliverable arrangements. This standard update was effective for us on January 1, 2011 and we have adopted it prospectively for revenue arrangements entered into or materially modified after January 1, 2011. This standard update has not had and will not have a material impact on our consolidated financial statements.

(2) Acquisition of QCII by CenturyLink

On April 1, 2011, our indirect parent QCII became a wholly owned subsidiary of CenturyLink.

Based on our preliminary estimate, the aggregate consideration exceeds the aggregate estimated fair value of the acquired assets and assumed liabilities of us by $9.282 billion, which amount has been recognized as goodwill. This goodwill is attributable to strategic benefits, including enhanced financial and operational scale, market diversification and leveraged combined networks that we expect to realize. None of the goodwill associated with this acquisition is deductible for income tax purposes. Our aggregate consideration allocation is based on our preliminary estimate of enterprise value of $18.661 billion less the fair value of our debt of $8.688 billion.

The following is our preliminary assignment of the aggregate consideration:


	April 1, 2011
	(Dollars in millions)
Cash, accounts receivable and other current assets	$	1,101
Property, plant and equipment		7,427
Identifiable intangible assets
Customer relationships		6,052
Capitalized software		1,702
Other noncurrent assets		200
Current liabilities, excluding current maturities of long-term debt		(2,466)
Current maturities of long-term debt		(2,378)
Long-term debt		(6,310)
Deferred credits and other liabilities		(4,637)
Goodwill		9,282

Aggregate consideration	$	9,973

We have recognized $16 million and $139 million of expense associated with the our activities related to the CenturyLink acquisition during the successor three months and six months ended September 30, 2011, respectively. These expenses were comprised of primarily severance, retention bonuses, share-based compensation and system integration consulting. During the predecessor three months ended March 31, 2011, we had recognized $2 million of expenses associated with our activities related to the acquisition. As of April 1, 2011, as part of acquisition accounting, we also included in our goodwill $22 million for certain performance awards and $14 million related to retention bonuses, all of which were contingent on the completion of the acquisition and had no benefit to CenturyLink after the acquisition.

(3) Goodwill, Customer Relationships and Other Intangible Assets

Goodwill, customer relationships and other intangible assets as of September 30, 2011 and December 31, 2010 consisted of the following:


	Successor		Predecessor
	September 30, 2011		December 31, 2010
	(Dollars in millions)
Goodwill	$	9,282		—

Customer relationships, less accumulated amortization of $401 and $—	$	5,651		—

Other intangible assets subject to amortization
Capitalized software, less accumulated amortization of $236 and $1,741	$	1,541		888

At September 30, 2011, the gross carrying amounts of goodwill, customer relationships and other intangible assets were $17.111 billion. These assets were recorded at fair value on April 1, 2011 as a result of CenturyLink’s indirect acquisition of us. We expect to complete the final determination of these acquisition date fair value estimates and related estimated lives for amortizable intangible assets no later than the first quarter of 2012.

Total amortization expense for intangible assets was as follows:


	Successor				Predecessor
	Three months ended September 30, 2011		Six months ended September 30, 2011		Three months ended March 31, 2011		Three months ended September 30, 2010		Nine months ended September 30, 2010
	(Dollars in millions)
Amortization expense for intangible assets	$	318		637		58		56		165

We amortize customer relationships primarily over an estimated life of 10 years, using either the sum-of-the-years-digits or straight-line methods, depending on the type of customer. We amortize capitalized software using the straight-line method over estimated lives ranging up to seven years. We estimate that total successor amortization expense for intangible assets for the three months ending December 31, 2011 and for the successor years ending December 31, 2012 through 2015 will be as follows:


	(Dollars in millions)
Three months ending December 31, 2011	$	316
Year ending December 31,
2012	$	1,140
2013	$	1,053
2014	$	965
2015	$	844

We periodically review the estimated lives and methods used to amortize our intangible assets. The actual amounts of amortization expense may differ materially from our estimates, depending on the results of our periodic reviews and our final determinations of acquisition date fair value related to our intangible assets.

We are required to review goodwill recorded in business combinations for impairment at least annually, or more frequently if events or a change in circumstances indicate that an impairment may have occurred. Our annual measurement date for testing goodwill impairment is September 30. We are required to write-down the value of goodwill only in periods in which the recorded amount of goodwill exceeds the fair value. The impairment testing is done at the reporting unit level; in reviewing the criteria for reporting units when allocating the goodwill resulting from our indirect acquisition by CenturyLink, it was determined that we are one reportable unit.

We early adopted the provisions of ASU 2011-08, Testing Goodwill for Impairment, during the third quarter, which permits us to make a qualitative assessment of whether it is more likely that not that a reporting unit’s fair value is less than its carrying amount before applying the two step goodwill impairment test. If, after completing our qualitative assessment we determine that it is more likely that not that the carrying value exceeds estimated fair value, we compare the fair value to our carrying value (including goodwill). If the estimated fair value is greater than the carrying value, we conclude that no impairment exists. If the estimated fair value of the reporting unit is less than the carrying value, a second calculation is required in which the implied fair value of goodwill is compared to its carrying value. If the implied fair value of goodwill is less than its carrying value, goodwill must be written down to its implied fair value. We elected to early adopt the provisions of ASU 2011-8 and perform a qualitative assessment given the six month proximity of the goodwill impairment date and the acquisition date resulting in the creation of the goodwill.

We have accounted for the CentruryLink’s indirect acquisition of us under the acquisition method of accounting, which resulted in the assignment of the aggregate consideration to the assets acquired and liabilities assumed based on-preliminary estimates of their acquisition date fair values. The fair value of the aggregate consideration transferred exceeded the acquisition date fair value of the recorded tangible and intangible assets, and assumed liabilities by an estimated $9.282 billion, which has been recognized as goodwill. The determination of the fair values of the acquired assets and assumed liabilities (and the related determination of estimated lives of depreciable tangible and identifiable intangible assets) requires significant judgment. As such, we have not completed our valuation analysis and calculations in sufficient detail necessary to arrive at the final estimates of the fair values of the acquired assets and assumed liabilities, along with the related allocations to goodwill and intangible assets. The amounts recorded related to the acquisition are preliminary and subject to revision pending the final fair market valuation analysis. We expect to complete our final fair value determinations no later than the first quarter of 2012. Our final fair value determinations may be significantly different than those reflected in our consolidated financial statements as of September 30, 2011.

As a result of the acquisition and related acquisition accounting, the carrying value of our assets and liabilities equaled our fair value as of April 1, 2011. A decrease in our fair value in excess of a reduction in our carrying value will result in us having a carrying value in excess of our fair value, which may result in an impairment of our goodwill. There is significant judgment in estimating the fair value of the company. The factors that most significantly impact our estimate of fair value include forecasted cash flows and risk adjusted discount rate. The applicable risk adjusted discount rate is impacted by the market risk free rate of return and our debt risk rating.

The qualitative analysis included assessing the impact of changes in certain factors from April 1, 2011 (the acquisition date on which all assets and liabilities were assigned a fair value) to September 30, 2011 (the goodwill impairment testing date), including (i) changes in forecasted operating results and comparing actual results to those utilized in the April 1, 2011 fair value assignment; (ii) changes in our weighted average cost of capital from April 1, 2011 to September 30, 2011; (iii) changes in the industry or our competitive environment since the acquisition date; (iv) changes in the overall economy, our market share, and interest rates since the acquisition date; (v) trends in the stock price of CenturyLink and related market capitalization and enterprise values; (vi) trends; (vi) trends in peer companies total enterprise value metrics; (vii) control premiums paid for recent industry transactions; and (viii) additional factors such as management turnover, changes in regulation, and changes in litigation matters.

Based on our qualitative assessment, we concluded that it was more likely that not that the estimated fair value of our reporting unit exceeded its carrying value as of September 30, 2011 and thus, determined it was not necessary to perform the two step goodwill impairment test. We believe the more impactful assessments include our actual results compared to those forecasted as of April 1, 2011 and the decline in our weighted average cost of capital since April 1, 2011. To date, our actual operating results have been comparable to those forecasted as of April 1, 2011 and, as of September 30, 2011, we believe the forecasted results of future periods are not materially different than those used as of April 1, 2011.

(4) Long-term Debt

On September 21, 2011, we issued $575 million aggregate principal amount of our 7.50% Notes due 2051 in exchange for net proceeds, after deducting underwriting discounts and expenses, of $557 million. The notes are our senior unsecured obligations and may be redeemed, in whole or in part, on or after September 15, 2016 at a redemption price equal to 100% of the principal amount redeemed plus accrued and unpaid interest to the redemption date. As described below under “Subsequent Events,” in October 2011, we used the net proceeds of this issuance, together with net proceeds from a debt issuance on October 4, 2011 and available cash, to redeem the $1.500 billion aggregate principal amount of our 8.875% Notes due 2012.

On June 8, 2011, we issued $661 million aggregate principal amount of our 7.375% Notes due 2051 in exchange for net proceeds, after deducting underwriting discounts and expenses, of $643 million. The notes are our unsecured obligations and may be redeemed, in whole or in part, on or after June 1, 2016 at a redemption price equal to 100% of the principal amount redeemed plus accrued and unpaid interest to the redemption date. We used the net proceeds, together with available cash, to redeem $825 million aggregate principal amount of our 7.875% Notes due 2011, and to pay related fees and expenses.

Until April 1, 2011, QCII had a revolving credit facility, which made available to us $1.035 billion of additional credit subject to certain restrictions. That credit facility was terminated in conjunction with the CenturyLink acquisition. In January 2011, CenturyLink entered into a new four-year revolving credit facility with various lenders (the “Credit Facility”) that allows CenturyLink to borrow up to $1.700 billion for the general corporate purposes of itself and its subsidiaries. Up to $400 million of the Credit Facility can be used for letters of credit, which reduce the amount available for other extensions of credit. Interest is assessed on borrowings using the London Interbank Offered Rate (“LIBOR”) plus an applicable margin between 0.5% and 2.5% per annum depending on the type of loan and CenturyLink’s then-current senior unsecured long-term debt rating. At September 30, 2011, CenturyLink had no borrowings and an immaterial amount of letters of credit outstanding under the Credit Facility.

At September 30, 2011, we were in compliance with the provisions and covenants contained in our debt agreements.

Subsequent Events

On October 4, 2011, we issued $950 million aggregate principal amount of our 6.75% Notes due 2021 in exchange for net proceeds, after deducting underwriting discounts and expenses, of $927 million. The notes are our senior unsecured obligations and may be redeemed, in whole or in part, at a redemption price equal to the greater of their principal amount or the present value of the remaining principal and interest payments discounted at a specified U.S. Treasury interest rate plus 50 basis points. In October 2011, we used the net proceeds from this offering, together with the $557 million of net proceeds received on September 21, 2011 from the debt issuance described above and available cash, to redeem the $1.500 billion aggregate principal amount of its 8.875% Notes due 2012 and to pay all related fees and expenses, which resulted in an immaterial loss.

(5) Severance

We have announced reductions in our workforce and have accrued liabilities for related severance costs. These workforce reductions resulted primarily from the progression of merger integration plans, increased competitive pressures and the loss of access lines.

We report severance liabilities in salaries and benefits within accrued expenses and other liabilities in our consolidated balance sheets and report severance expenses in selling, general and administrative expenses and cost of services and products in our consolidated statements of operations.

Changes in our accrued severance liabilities for the successor six months ended September 30, 2011 and the predecessor three months ended March 31, 2011 were as follows:


	Severance
	(Dollars in millions)
Balance at December 31, 2010 (Predecessor)	$	28
Accrued to expense		2
Payments, net		(11)

Balance at March 31, 2011 (Predecessor)	$	19



Balance at April 1, 2011 (Successor)		19
Accrued to expense		100
Payments, net		(81)

Balance at September 30, 2011 (Successor)	$	38

Our severance expenses for the successor three and six months ended September 30, 2011 also included $1 million and $12 million, respectively, of share-based compensation associated with the accelerated vesting of stock awards that occurred in connection with workforce reductions relating to CenturyLink’s indirect acquisition of us.

(6) Fair Value Disclosure

Our financial instruments consist of cash and cash equivalents, accounts receivable, accounts receivable—affiliates, short-term affiliate loans, accounts payable, accounts payable— affiliates and long-term debt excluding capital lease obligations. The carrying amounts of our cash and cash equivalents, accounts receivable, accounts receivable—affiliates, short-term affiliate loans, accounts payable and accounts payable—affiliates approximate their fair values.

Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between independent and knowledgeable parties who are willing and able to transact for an asset or liability at the measurement date. We use valuation techniques that maximize the use of observable inputs and minimize the use of unobservable inputs when determining fair value and then we rank the estimated values based on the reliability of the inputs used following the fair value hierarchy set forth by the FASB.

The three input levels in the hierarchy of fair value measurements are defined by the FASB generally as follows:


Input Level		Description of Input
Level 1		Observable inputs such as quoted market prices in active markets.
Level 2		Inputs other than quoted prices in active markets that are either directly or indirectly observable.
Level 3		Unobservable inputs in which little or no market data exists.

During the second quarter of 2011, the rights to our auction rate securities were assigned to our ultimate parent CenturyLink. Upon assignment, the fair market value of those securities was $42 million.

The following table presents the carrying amounts and estimated fair values of our investment securities, which are reported in noncurrent other assets, and long-term debt, excluding capital lease obligations, as well as the input levels used to determine the fair values:


	Input Level		Successor September 30, 2011				Predecessor December 31, 2010
	Input Level		Carrying Amount		Fair Value		Carrying Amount		Fair Value
			(Dollars in millions)
Assets—Investment securities		3	$	—		—		52		52
Liabilities—Long-term debt excluding capital lease obligations		2	$	8,788		8,506		7,828		8,482

The table below presents a rollforward of our auction rate securities valued using Level 3 inputs for the predecessor three months ended March 31, 2011 and the successor six months ended September 30, 2011:


	Auction Rate Securities
	(Dollars in millions)
Balance at December 31, 2010 (Predecessor)	$	52
Dispositions and settlements		(4)
Included in other income (expense)		1

Balance at March 31, 2011 (Predecessor)	$	49



Fair value adjustment		(7)

Balance at April 1, 2011 (Successor)		42

Assignments to CenturyLink		(42)

Balance at September 30, 2011 (Successor)	$	—

(7) Income Taxes

In connection with CenturyLink’s indirect acquisition of us on April 1, 2011, we recorded a $1.4 billion deferred tax liability under the acquisition method of accounting. Our preliminary acquisition date assignment of deferred income taxes are subject to adjustment as discussed in Note 2—Acquisition of QCII by CenturyLink.

Included in income tax expense for the predecessor nine months ended September 30, 2010 was a $55 million expense related to the change in the tax treatment of the Medicare Part D subsidy as a result of the comprehensive health care reform legislation enacted in March 2010.

(8) Products and Services Revenues

We are an integrated communications company engaged primarily in providing an array of communications services in 14 states, including local, network access, broadband, other data services and video services. We strive to maintain our customer relationships by, among other things, bundling our service offerings to provide our customers with a complete offering of integrated communications services. We categorize our products and services into the following three categories:

•

Strategic services, which include primarily private line (including special access), broadband, video (DIRECTV) and Verizon Wireless services;

•

Legacy services, which include primarily local, switched access, integrated services digital network, (“ISDN”), and traditional wide area network, (“WAN”), services; and

•

Affiliates and other services, which consist primarily of services we provide to our affiliates and USF surcharges. We provide to our affiliates data, local services and billing and collections services that we also provide to external customers. In addition, we provide to our affiliates: marketing, sales and advertising services; computer system development and support services; network support and technical services; and other support services, such as legal, regulatory, finance and accounting, tax and human resources.

Since the April 1, 2011 closing of CenturyLink’s indirect acquisition of us, our operations are integrated into and reported as part of the segments of CenturyLink. CenturyLink’s chief operating decision maker (“CODM”) has become our CODM, but reviews our financial information on an aggregate basis only in connection with our quarterly and annual reports that we file with the SEC. Consequently, we do not provide our discrete financial information to the CODM on a regular basis.

Our operating revenues for our products and services consisted of the following categories for the successor three and six months ended September 30, 2011 and predecessor three months ended March 31, 2011 and predecessor three and nine months ended September 30, 2010:


	Successor				Predecessor
	Three months ended September 30, 2011		Six months ended September 30, 2011		Three months ended March 31, 2011		Three months ended September 30, 2010		Nine months ended September 30, 2010
	(Dollars in millions)
Strategic services	$	804		1,604		793		774		2,281
Legacy services		918		1,863		1,001		1,067		3,280
Affiliates and other services		468		954		474		470		1,410

Total operating revenues	$	2,190		4,421		2,268		2,311		6,971

Affiliates and other services revenues include revenue from universal support funds which allows us to recover a portion of our costs under federal and state cost recovery mechanisms and certain surcharges to our customers, including billings for our required contributions to several USF programs. These surcharge billings to our customers are reflected on a gross basis in our statements of operations (included in both operating revenues and expenses).

The table below presents the aggregate USF surcharges recognized on a gross basis:


	Successor				Predecessor
	Three months ended September 30, 2011		Six months ended September 30, 2011		Three months ended March 31, 2011		Three months ended September 30, 2010		Nine months ended September 30, 2010
	(Dollars in millions)
Taxes and surcharges included in operating revenues and expenses	$	39		80		43		45		144

(9) Commitments and Contingencies

CenturyLink and QCII are involved in several legal proceedings to which we are not a party that, if resolved against them, could have a material adverse effect on their business and financial condition. As a wholly owned subsidiary of CenturyLink and QCII, our business and financial condition could be similarly affected. You can find descriptions of these legal proceedings in CenturyLink’s and QCII’s quarterly and annual reports filed with the SEC. Because we are not a party to any of the matters, we have not accrued any liabilities for these matters.

Item 2.

Qwest Corporation

MANAGEMENT’S DISCUSSION AND ANALYSIS OF

FINANCIAL CONDITION AND RESULTS OF OPERATIONS

Overview

Management’s Discussion and Analysis of Financial Condition and Results of Operations (“MD&A”) included herein should be read in conjunction with MD&A and the other information included in our Annual Report on Form 10-K for the year ended December 31, 2010. The results of operations for the first nine months of the year are not indicative of the results of operations that might be expected for the entire year.

On April 1, 2011, our indirect parent QCII became a wholly owned subsidiary of CenturyLink.

Since April 1, 2011, our results of operations have been included in the consolidated results of operations of CenturyLink. CenturyLink has accounted for its acquisition of QCII and us under the acquisition method of accounting, which resulted in the assignment of the purchase price to the assets acquired and liabilities assumed based on preliminary estimates of their acquisition date fair values. The determination of the fair values of the acquired assets and assumed liabilities (and the related determination of estimated lives of depreciable tangible and identifiable intangible assets) requires significant judgment. We expect to complete our final fair value determinations no later than the first quarter of 2012. Our final fair value determinations may be significantly different than those reflected in our consolidated financial statements as of September 30, 2011. Based on our preliminary estimate, the aggregate consideration exceeds the aggregate estimated fair value of the acquired assets and assumed liabilities of us by $9.282 billion, which amount has been recognized as goodwill. This goodwill is attributable to strategic benefits, including enhanced financial and operational scale, market diversification and leveraged combined networks that we expect CenturyLink and its consolidated subsidiaries, including us, to realize. None of the goodwill associated with this acquisition is deductible for income tax purposes. The recognition of assets and liabilities at fair value is reflected in our financial statements and therefore has resulted in a new basis of accounting for the “successor period” beginning on April 1, 2011. This new basis of accounting means that our financial statements for the successor periods will not be comparable to our previously reported financial statements, including the predecessor period financial statements in this report.

goodwill is compared to its carrying value. If the implied fair value of goodwill is less than its carrying value, goodwill must be written down to its implied fair value. We elected to early adopt the provisions of ASU 2011-8 and perform a qualitative assessment given the six month proximity of the goodwill impairment date and the acquisition date resulting in the creation of the goodwill.

We have accounted for the CenturyLink’s indirect of us under the acquisition method of accounting, which resulted in the assignment of the aggregate consideration to the assets acquired and liabilities assumed based on preliminary estimates of their acquisition date fair values. The fair value of the aggregate consideration transferred exceeded the acquisition date fair value of the recorded tangible and intangible assets, and assumed liabilities by an estimated $9.282 billion, which has been recognized as goodwill. The determination of the fair values of the acquired assets and assumed liabilities (and the related determination of estimated lives of depreciable tangible and identifiable intangible assets) requires significant judgment. As such, we have not completed our valuation analysis and calculations in sufficient detail necessary to arrive at the final estimates of the fair values of the acquired assets and assumed liabilities, along with the related allocations to goodwill and intangible assets. The amounts recorded related to the acquisition are preliminary and subject to revision pending the final fair market valuation analysis. We expect to complete our final fair value determinations no later than the first quarter of 2012. Our final fair value determinations may be significantly different than those reflected in our consolidated financial statements as of September 30, 2011.

As a result of the acquisition and related acquisition accounting, the carrying value of our assets and liabilities equaled our fair value as of April 1, 2011. A decrease in our fair value in excess of a reduction in our carrying value will result in us having a carrying value in excess of our fair value, which may result in an impairment of our goodwill. There is significant judgment in estimating the fair value of the company. The factors that most significantly impact our estimate of fair value include forecasted cash flows and a risk adjusted discount rate. The applicable risk adjusted discount rate is impacted by the market risk free rate of return and our risk rating.

The qualitative analysis included assessing the impact of changes in certain factors from April 1, 2011 (the acquisition date on which all assets and liabilities were assigned a fair value) to September 30, 2011 (the goodwill impairment testing date), including (i) changes in forecasted operating results and comparing actual results to those utilized in the April 1, 2011 fair value assignment; (ii) changes in our weighted average cost of capital from April 1, 2011 to September 30, 2011; (iii) changes in the industry or our competitive environment since the acquisition date; (iv) changes in the overall economy, our market share, and interest rates since the acquisition date; (v) trends in the stock price of CenturyLink and related market capitalization and enterprise values; (vi) trends in peer companies total enterprise value metrics; (vii) control premiums paid for recent industry transactions; and (viii) additional factors such as a management turnover, changes in regulation, and changes in litigation matters.

Based on our qualitative assessment, we concluded that it was more likely than not that the estimated fair value of our reporting unit exceeded its carrying value as of September 30, 2011 and thus, determined it was not necessary to perform the two step goodwill impairment test. We believe the more impactful assessments include our actual results compared to those forecasted as of April 1, 2011 and the decline in our weighted average cost of capital since April 1, 2011. To date, our actual operating results have been comparable to those forecasted as of April 1, 2011 and, as of September 30, 2011, we believe the forecasted results of future periods are not materially different than those used as of April 1, 2011.

Our weighted average cost of capital declined 100 basis points from the April 1, 2011 valuation to the September 30, 2011 testing date, which would serve to increase the estimated fair value of the reporting unit when utilizing a discounted cash flow methodology. Based on our review of all other qualitative factors, we concluded there were no other significant economic, industry, operational or performance-related changes from April 1, 2011 to September 30, 2011 that would adversely impact our qualitative assessment.

Should our future operating results not meet forecasted expectations or should our weighted average cost of capital increase significantly in the future, we may be required to assess our goodwill for impairment prior to the next required testing date of September 30, 2012. In addition, we cannot assure that other adverse conditions will

not trigger future goodwill impairment testing or an impairment charge. A number of factors, many of which we have no ability to control, could affect our financial condition, operating results and business prospects. These factors include, but are not limited to (i) further weakening in the overall economy; (ii) a significant decline in CenturyLink’s stock price and resulting market capitalization; (iii) successful efforts by competitors to gain market share in our markets; (iv) adverse changes as a result of regulatory actions; and (v) a significant adverse change in legal factors or in the overall business climate.

We have recognized $16 million and $141 million of certain expenses associated with our activities related to the CenturyLink acquisition for the successor three months and combined nine months ended September 30, 2011, respectively. These expenses were comprised of primarily severance, retention bonuses, share-based compensation allocated to us by QCII and system integration consulting. During the predecessor three months ended March 31, 2011, we recognized $2 million of expenses associated with our activities surrounding the acquisition. As of April 1, 2011, as part of acquisition accounting, we also included in our goodwill $22 million for certain performance awards and $14 million related to retention bonuses, which were contingent on the completion of the acquisition and had no benefit to CenturyLink after the acquisition.

The discussion in this MD&A is presented on a combined basis for the predecessor and successor periods in 2011. We believe that the discussion on a combined basis is more meaningful as it allows the results of operations to be analyzed to a comparable period in 2010.

We are an integrated communications company engaged primarily in providing an array of communications services including local, network access, broadband, and video services. In certain local and regional markets, we also provide fiber transport and services to competitive local exchange carriers and other communications, professional and business information services. We generate the majority of our revenues from services provided in the 14-state region of Arizona, Colorado, Idaho, Iowa, Minnesota, Montana, Nebraska, New Mexico, North Dakota, Oregon, South Dakota, Utah, Washington and Wyoming. We operate approximately 8.7 million access lines, which are telephone lines reaching from the customers’ premises to a connection with the public switched telephone network. We also serve approximately 3.0 million broadband subscribers as of September 30, 2011. During the second quarter of 2011, we updated our methodology for counting our subscribers and access lines where we provide the services in order to conform to the methodology used by CenturyLink. We now count access lines when we install the service. Our access line methodology includes only those access lines that we use to provide services to external customers and excludes lines used solely by us and our affiliates. Our new methodology also excludes unbundled loops and includes stand-alone broadband subscribers. Our methodology for counting our access lines may not be comparable to those of other companies.

For certain products and services we provide, and for a variety of internal communications functions, we use parts of CenturyLink’s telecommunications network to transport voice and data traffic.

During the second quarter of 2011, certain USF surcharges were reclassified from our legacy services to affiliates and other services revenues to better align with the classifications that our indirect parent, CenturyLink, uses. As a result, we reclassified previously reported amounts to conform to the current period presentation. For the predecessor three months ended March 31, 2011, this reclassification resulted in a reduction of legacy service revenues and an increase to affiliates and other services revenues of $34 million. For the predecessor three and nine months ended September 30, 2010, the reclassification resulted in a reduction of legacy service revenues and an increase of affiliates and other services revenues of $35 million and $100 million, respectively. We currently categorize our products, services and revenues among the following three categories:

•

Strategic services, which include primarily private line (including special access), broadband, video (DIRECTV) and Verizon Wireless services;

•

Legacy services, which include primarily local, switched access, integrated services digital network, (“ISDN”), services and traditional wide area network, (“WAN”), services; and

•

Our analysis presented below is organized to provide the information we believe will be useful for understanding the trends affecting our business. This discussion should be read in conjunction with our consolidated financial statements in Item 1 of Part I of this report.

Since the April 1, 2011 closing of CenturyLink’s indirect acquisition of us, our operations are integrated into and are reported as part of the segments of CenturyLink. CenturyLink’s chief operating decision maker, (“CODM”), has become our CODM, but reviews our financial information on an aggregate basis only in connection with our quarterly and annual reports that we file with the Securities and Exchange Commission (“SEC”). Consequently, we do not provide our discrete financial information to the CODM on a regular basis.

Our financial results were impacted by several significant trends, which are described below. We expect that these trends will continue to affect our results of operations, cash flows or financial position.

•

Strategic services. We continue to see shifts in the makeup of our total revenues as customers move to strategic services, such as private line, broadband and video services, from legacy services, such as local and access services. Revenues from our strategic services represented 37% and 33% of our total revenues for the successor three months ended September 30, 2011 and the predecessor three months ended September 30, 2010, respectively, and 36% and 33% of our total revenues for the combined nine months ended September 30, 2011 and the predecessor nine months ended September 30, 2010, respectively, and this percentage continues to grow. With respect to broadband services, we continue to focus on increasing subscribers, particularly among consumer and small business customers. We reached approximately 3.0 million broadband subscribers at September 30, 2011 compared to approximately 2.9 million at September 30, 2010. We believe that continually increasing connection speeds is important to remaining competitive in our industry. As a result, we continue to invest in our fiber to the node, or FTTN, deployment, which we launched to meet customer demand for higher broadband speeds. FTTN is a type of telecommunications network that combines fiber-optic cables (which run from a telecommunication provider’s central office to a single location within a particular neighborhood or geographic area) and traditional copper wires (which run from this location to individual residences and businesses within the neighborhood or geographic area). FTTN allows for the delivery of higher speed broadband services than would otherwise generally be available through a more traditional telecommunications network made up of only copper wires. In addition to our FTTN deployment, we continue to expand our product offerings and enhance our marketing efforts as we compete in a maturing market in which a significant portion of consumers already have broadband services. We expect these efforts will improve our ability to compete and grow our broadband subscribers. Demand for the private line services we offer to business and wholesale customers continues to increase, despite our customers’ optimization of their networks, industry consolidation and technological migration. While we expect that these factors will continue to impact our business, we ultimately believe the growth in fiber-based special access provided to wireless carriers for backhaul will, over time, offset the decline in copper-based special access provided to wireless carriers as they migrate to Ethernet, although the timing and magnitude of this technological migration is uncertain.

•

Legacy services. Revenues from our legacy services represented 42% and 46% of our total revenues for the successor three months ended September 30, 2011 and the predecessor three months ended September 30, 2010, respectively, and 43% and 47% of our total revenues for the combined nine months ended September 30, 2011 and the predecessor nine months ended September 30, 2010,

respectively, and continue to decline. Our legacy services revenues have been and we expect they will continue to be, adversely affected by access line losses. Intense competition and product substitution continue to drive our access line losses. For example, many consumers are substituting cable and wireless voice services for traditional voice telecommunications services. We expect that these factors will continue to impact our business. Service bundling and other product promotions, as described below, continue to be some of our responses to offset the loss of revenues as a result of access line losses.

•

Service bundling and product promotions. We offer our customers the ability to bundle multiple products and services. These customers can bundle local services with other services such as broadband, video and wireless. While our video and wireless services are an important piece of our customer retention strategy, they do not make a large contribution to strategic services revenues. However, we believe customers value the convenience of, and price discounts associated with, receiving multiple services through a single company. While bundle price discounts have resulted in lower average revenues for our individual products, we believe service bundles continue to positively impact our customer retention. In addition to our bundle discounts, we also offer limited time promotions on our broadband service for qualifying customers who have our broadband product in their bundle further aids our ability to attract and retain customers and increase usage of our services.

•

Operating efficiencies. We continue to evaluate our operating structure and focus. This involves balancing our workforce in response to our workload requirements, productivity improvements and changes in industry, competitive, technological and regulatory conditions.

•

Pension and post-retirement benefits expenses. Our parent QCII is required to recognize in its consolidated financial statements certain expenses relating to its pension and post-retirement health care and life insurance benefits plans. These expenses are calculated based on several assumptions, including among other things discount rates and expected rates of return on plan assets that are generally set at December 31 of each year. Changes in these assumptions can cause significant changes in the combined net periodic benefits expenses QCII recognizes. QCII allocates the expenses of these plans to us and certain of its other affiliates. The allocation of expenses to us is based upon the demographics of our employees and retirees. Changes in QCII’s assumptions can cause significant changes in the net periodic pension and post-retirement benefits expenses we recognize.

•

Disciplined capital expenditures. Our capital expenditures continue to be focused on our strategic services such as broadband and fiber to the tower, or FTTT. FTTT is a type of telecommunications network consisting of fiber-optic cables that run from a telecommunication provider’s broadband interconnection points to cellular towers. FTTT allows for the delivery of higher bandwidth services supporting mobile technologies than would otherwise generally be available through a more traditional telecommunications network.

While these trends are important to understanding and evaluating our financial results, the other transactions, additional events, uncertainties and trends discussed in “Risk Factors” in Item 1A of Part II of this report may also materially impact our business operations and financial results.

RESULTS OF OPERATIONS

Three and Nine Months Ended September 30, 2011 Compared

to Three and Nine Months Ended September 30, 2010

The following table summarizes our results of operations for the successor three months ended September 30, 2011, predecessor three months ended September 30, 2010, combined nine months ended September 30, 2011 and predecessor nine months ended September 30, 2010 and the number of employees as of September 30, 2011, successor and September 30, 2010, predecessor:


	Successor		Predecessor						Combined		Predecessor
	Three months ended September 30, 2011		Three months ended September 30, 2010		Increase/ (Decrease)		% Change		Nine months ended September 30, 2011		Nine months ended September 30, 2010		Increase/ (Decrease)		% Change
	(Dollars in millions)
Operating revenues by category:
Strategic services	$	804		774		30		4%		2,397		2,281		116		5%
Legacy services		918		1,067		(149)		(14)%		2,864		3,280		(416)		(13)%
Affiliates and other services		468		470		(2)		—%		1,428		1,410		18		1%

Total operating revenues		2,190		2,311		(121)		(5)%		6,689		6,971		(282)		(4)%
Operating expenses		1,778		1,695		83		5%		5,269		5,045		224		4%

Operating income		412		616		(204)		(33)%		1,420		1,926		(506)		(26)%
Other expense		95		149		(54)		(36)%		332		463		(131)		(28)%

Income before income taxes		317		467		(150)		(32)%		1,088		1463		(375)		(26)%
Income tax expense		118		181		(63)		(35)%		425		621		(196)		(32)%

Net income	$	199		286		(87)		(30)%		663		842		(179)		(21)%

Employees (as of September 30)										25,015		26,281		(1,266)		(5)%

During the second quarter of 2011, we updated our methodology for counting our subscribers and access lines where we provide the services. We now count access lines when we install the service, which resulted in an approximately 69,000 decrease in our successor June 30, 2011 access lines versus what we would have shown under our historical methodology of counting access lines when revenue was generated from them. We have not retrospectively adjusted our predecessor period access lines for this methodology adjustment as it was not reasonably practicable for us to do so. Our access line methodology includes only those access lines that we use to provide services to external customers and excludes lines used solely by us and our affiliates. Our new methodology also excludes unbundled loops and includes stand-alone broadband subscribers. We have conformed prior periods to our current presentation, unless noted above.

The following table summarizes our total broadband subscribers and access lines as of September 30, 2011, successor and September 30, 2010, predecessor:


	Successor		Predecessor
	September 30, 2011		September 30, 2010		Increase/ (Decrease)			% Change
	(in thousands)
Total broadband subscribers		3,039		2,926		113			4	%


Total access lines		8,658		9,392		(734	)		(8	)%

Operating Revenues

Strategic Services

Strategic services revenues increased primarily due to higher broadband revenues resulting from new subscribers. An improving mix of higher priced, higher speed broadband services and increased volumes in our private line services also contributed to the increase in strategic revenues.

Legacy Services

Legacy services revenues decreased as a result of lower local services revenues due to access line loss and reduced access services usage related to competitive pressures, along with product substitution. Legacy services revenues also decreased due to lower amortization of deferred revenue due to certain predecessor deferred revenue being assigned no value at the acquisition date, as well as lower revenues from our traditional WAN services, due to customer migration, product substitution and increased competition.

Affiliates and Other Services Revenues

Affiliates and other services revenues increased primarily due to services we provided to support an affiliate’s growth in its strategic service offerings. This was partially offset by reduced revenue due to a decline in customer demand for our affiliate’s legacy telecommunication service offerings driven by technological migration and competition. We estimate that the profit from services provided to our affiliates was approximately $50 million, $70 million, $150 million and $220 million, before income taxes, for the successor three months ended September 30, 2011, predecessor three months ended September 30, 2010, combined nine months ended September 30, 2011 and predecessor nine months ended September 30, 2010, respectively.

Operating Expenses

The following table provides further detail regarding our total operating expenses for the successor three months ended September 30, 2011, predecessor three months ended September 30, 2010, combined nine months ended September 30, 2011 and predecessor nine months ended September 30, 2010:


	Successor		Predecessor						Combined		Predecessor
	Three months ended September 30, 2011		Three months ended September 30, 2010		Increase/ (Decrease)		% Change		Nine months ended September 30, 2011		Nine months ended September 30, 2010		Increase/ (Decrease)		% Change
	(Dollars in millions)
Cost of services and products (exclusive of depreciation and amortization)	$	624		665		(41)		(6)%		1,841		1,946		(105)		(5)%
Selling, general and administrative		458		509		(51)		(10)%		1,533		1,554		(21)		(1)%
Operating expenses—affiliates		76		51		25		49%		201		143		58		41%
Depreciation and amortization		620		470		150		32%		1,694		1,402		292		21%

Total operating expenses	$	1,778		1,695		83		5%		5,269		5,045		224		4%

Cost of Services and Products (exclusive of depreciation and amortization)

Cost of services and products decreased due to the amortization of certain deferred expenses being lower as a result of assigning no value to these predecessor assets at the acquisition date. Cost of services and products also decreased due to lower salaries and wages related to employee reductions in our network operations as we continue to manage our workforce to our workload.

Selling, General and Administrative Expenses

Selling, general and administrative expenses decreased primarily due to decreased pension expense, professional fees, and marketing and advertising expense. This decrease was partially offset by an increase in severance related to employee reductions, a majority of which was due to CenturyLink’s indirect acquisition of us.

Affiliates Expenses

Affiliates expenses include charges for our use of long-distance services, wholesale access and insurance, occupancy charges and certain retiree benefits.

Depreciation and Amortization

The following table provides detail regarding depreciation and amortization expense for the successor three months ended September 30, 2011, predecessor three months ended September 30, 2010, combined nine months ended September 30, 2011 and predecessor nine months ended September 30, 2010:


	Successor		Predecessor						Combined		Predecessor
	Three months ended September 30, 2011		Three months ended September 30, 2010		Increase/ (Decrease)		% Change		Nine months ended September 30, 2011		Nine months ended September 30, 2010		Increase/ (Decrease)		% Change
	(Dollars in millions)
Depreciation	$	302		414		(112)		(27)%		1,000		1,237		(237)		(19)%
Amortization		318		56		262		nm		694		165		529		nm

Total depreciation and amortization	$	620		470		150		32%		1,694		1,402		292		21%

nm—Percentages greater than 200% and comparisons between positive and negative values or to/from zero values are considered not meaningful

In the second quarter of 2011, our property, plant and equipment was revalued and as a result decreased $2.568 billion due to CenturyLink’s indirect acquisition of us. The decrease in asset value resulted in our depreciation expense declining significantly. This revaluation also resulted in an additional $6.052 billion in amortizable intangible customer relationship assets, which resulted in an additional $199 million of amortization expense for the successor three months ended September 30, 2011. In addition, capitalized software was revalued to $1.702 billion, an increase of $815 million, resulting in amortization expense of $119 million for the successor three months ended September 30, 2011 as compared to the $56 million for the predecessor three months ended September 30, 2010. We expect depreciation and amortization expense in the remaining periods of 2011 and future years to be impacted by this revaluation, which remains subject to further adjustment.

Other Consolidated Results

The following table provides detail regarding other income (expense) and income tax expense for the successor three months ended September 30, 2011, predecessor three months ended September 30, 2010, combined nine months ended September 30, 2011 and predecessor nine months ended September 30, 2010:


	Successor		Predecessor		Increase/ (Decrease)		% Change		Combined		Predecessor		Increase/ (Decrease)		% Change
	Three months ended September 30, 2011		Three months ended September 30, 2010		Increase/ (Decrease)		% Change		Nine months ended September 30, 2011		Nine months ended September 30, 2010		Increase/ (Decrease)		% Change
	(Dollars in millions)
Interest expense	$	(95)		(150)		(55)		(37)%		(333)		(465)		(132)		(28	)%
Other income (expense)		—		1		1		nm		1		2		1		50	%

Total other income (expense)	$	(95)		(149)		(54)		(36)%		(332)		(463)		(131)		(28	)%

Income tax expense	$	118		181		(63)		(35)%		425		621		(196)		(32	)%

nm—Percentages greater than 200% and comparisons between positive and negative values or to/from zero values are considered not meaningful.

Other Income (Expense)

Interest expense decreased primarily due to the amortization of the net premium associated with our long-term debt which resulted from the revaluation of this debt caused by CenturyLink’s indirect acquisition of us.

Income Tax Expense

Included in income tax expense for the first quarter of 2010 was a $55 million expense related to the change in the tax treatment of the Medicare Part D subsidy as a result of the comprehensive health care reform legislation enacted in March 2010.

LIQUIDITY AND CAPITAL RESOURCES

Overview

We are a wholly owned subsidiary of QSC, which is a direct wholly owned subsidiary of QCII and as of April 1, 2011, became an indirect wholly owned subsidiary of CenturyLink. As such, factors relating to, or affecting, CenturyLink’s liquidity and capital resources could have material impacts on us, including impacts on our credit ratings, our access to capital markets and changes in the financial market’s perception of us.

CenturyLink has cash management arrangements between certain of its subsidiaries that include lines of credit, affiliate obligations, capital contributions and dividends. As part of these cash management arrangements, affiliates provide lines of credit to certain other affiliates. Amounts outstanding under these lines of credit and intercompany obligations vary from time to time and are classified as short-term debt. Under these arrangements, the majority of our cash balance is transferred on a daily basis to CenturyLink as a short-term affiliate loan. From time to time we may declare and pay dividends to QSC in excess of our earnings to the extent permitted by applicable law. Our debt covenants do not limit the amount of dividends we can pay to QSC.

At September 30, 2011, our current liabilities exceeded our current assets by $1.161 billion compared to $3.743 billion as of April 1, 2011. Our working capital deficit decreased $2.582 billion primarily due to net income before depreciation, amortization and income taxes as well as net proceeds from our long term debt issuances and reclassification of current maturities of long-term debt to long-term debt associated with our subsequent refinancing activities completed in October 2011, partially offset by capital expenditures and dividends declared to QSC. We have historically operated with a working capital deficit due to our practice of declaring and paying regular cash dividends to QSC. As long as we continue declaring regular cash dividends to

QSC, it is likely that we will continue to operate with a working capital deficit in the future. We anticipate that any future liquidity needs not met through our cash provided by operating activities and amounts due to us from CenturyLink could be met through capital contributions or loans from CenturyLink.

Until April 1, 2011, QCII had a revolving credit facility. That credit facility was terminated in conjunction with the CenturyLink acquisition. In January 2011, CenturyLink entered into a new four-year revolving credit facility (the “Credit Facility”) that allows CenturyLink to borrow up to $1.700 billion including $400 million of letter of credit capacity, for the general corporate purposes of itself and its subsidiaries. CenturyLink also maintains a separate letter of credit arrangement with a financial institution to which we have access. As of September 30, 2011, CenturyLink had approximately $1.700 billion and $31 million available for future use under the Credit Facility and the separate letter of credit arrangement, respectively.

The following table summarizes our consolidated cash flows for the combined nine months ended September 30, 2011 and predecessor nine months ended September 30, 2010:


	Combined		Predecessor		Increase/ (Decrease)
	Nine months ended September 30, 2011		Nine months ended September 30, 2010		Increase/ (Decrease)
	(Dollars in millions)
Net cash provided by operating activities	$	2,444		2,236		208
Net cash used in investing activities		(1,738)		(889)		849
Net cash used in financing activities		(891)		(2,017)		(1,126)

Net cash provided by operating activities increased primarily due to decreased tax payments to QSC in the combined nine months ended September 30, 2011 compared to the predecessor nine months ended September 30, 2010. For additional information about our operating results, see “Results of Operations” above.

Net cash used in investing activities increased primarily due to a $767 million increase in short-term affiliate loans resulting from the majority of our cash balance being transferred on a daily basis to CenturyLink.

Net cash used in financing activities decreased primarily due to $1.200 billion of net proceeds from the issuance of debt, as well as $270 million decrease in dividends paid to QSC for the nine months ended September 30, 2011 as compared to the same period ended September 30, 2010. This decrease was partially offset by a $348 million increase in payments of long-term debt for the nine months ended September 30, 2011 compared to the same period ended September 30, 2010. For additional information regarding our financing activities, see Note 4—Long-term Debt to our consolidated financial statements in Item 1 of Part I of this report.

Debt and Other Financing Arrangements

On September 21, 2011, we issued 7.50% Notes due 2051 in the aggregate principal amount of $575 million in exchange for net proceeds, after deducting underwriting discounts and expenses, of $557 million. On October 4, 2011, we issued $950 million aggregate principal amount of our 6.75% Notes due 2021 in exchange for net proceeds, after deducting underwriting discounts and expenses, of $927 million. In October 2011, we used the net proceeds from these offerings and available cash, to redeem the $1.500 billion aggregate principal amount of our 8.875% Notes due 2012 and to pay all related fees and expenses, which resulted in an immaterial loss.

On June 8, 2011, we issued $661 million aggregate principal amount of our 7.375% Notes due 2051 in exchange for net proceeds, after deducting underwriting discounts and expenses, of $643 million. We used the net proceeds, together with available cash, to redeem $825 million aggregate principal amount of our 7.875% Notes due 2011, and to pay related fees and expenses.

Aggregate maturities of our long-term debt (excluding unamortized premiums, discounts and other, net) as of September 30, 2011 were as follows:


	(Dollars in millions)
Remainder of 2011 (classified as current)*	$	584
Year ending December 31,
2012	$	41
2013	$	790
2014	$	637
2015	$	421
Thereafter	$	6,070

includes $573 million aggregate principal amount of our 8.875% Senior Notes due 2012, which were redeemed in October 2011.

We were in compliance with all provisions and covenants of our debt agreements as of September 30, 2011. See Note 4—Long-term Debt to our consolidated financial statements in Item 1 of Part I of this report for additional information about our long-term debt.

Subject to market conditions, from time to time we expect to continue to issue debt securities to refinance our maturing debt. The availability, interest rate and other terms of any new borrowings will depend on the ratings assigned us by the three major credit rating agencies, among other factors.

Capital Expenditures

We incur capital expenditures on an ongoing basis in order to enhance and modernize our networks, compete effectively in our markets and expand our service offerings. We evaluate capital expenditure projects based on a variety of factors, including expected strategic impacts (such as forecasted revenue growth or productivity, expense and service impacts) and our expected return on investment The amount of capital investment is influenced by, among other things, demand for our services and products, cash generated by operating activities and regulatory considerations. We estimate our total 2011 capital expenditures will be determined in part by the strategic initiatives of our parent, CenturyLink.

Our capital expenditures continue to be focused on our strategic services such as broadband and fiber to the tower, or FTTT. FTTT is a type of telecommunications network consisting of fiber-optic cables that run from a telecommunication provider’s broadband interconnection points to cellular towers. FTTT allows for the delivery of higher bandwidth services supporting mobile technologies than would otherwise generally be available through a more traditional telecommunications network.

Pension and Post-retirement Benefit Obligations

QCII is subject to material obligations under its existing defined benefit pension and other post-retirement benefit plans. When QCII became a wholly owned subsidiary of CenturyLink on April 1, 2011, QCII remeasured its plans. QCII recognized liabilities for the accounting unfunded status of pension and other post-retirement benefit obligations of $490 million and $2.522 billion, respectively.

A substantial portion of our employees participate in the QCII pension plan. Historically, QCII has only required us to pay our portion of its pension contribution. Our contributions are not segregated or restricted to pay amounts due to our employees and may be used to provide benefits to other employees of QCII’s affiliates.

Benefits paid by QCII’s qualified pension plan are paid through a trust. Cash funding requirements can be significantly impacted by earnings on investments, discount rates, changes in plan benefits and funding laws and regulations. As a result, it is difficult to determine future funding requirements with a high level of precision; however, based on current funding laws and circumstances, we believe QCII is required to make contributions

totaling approximately $320 million in 2012. Due to the significant declines in investment values during the third quarter of 2011, QCII expects that plan contributions in 2013 and beyond will be similar to the 2012 total expected contribution amounts. However, the actual amount of required contributions to the our plan in 2013 and beyond will depend on earnings on investments, discount rates, demographic experience, changes in the benefit plans and funding laws and regulations.

Certain of QCII’s post-retirement health care and life insurance benefits plans are unfunded. A trust holds assets that are used to help cover the health care costs of certain retirees. As of April 1, 2011, the fair value of the trust assets was $762 million; however, a portion of these assets is comprised of investments with restricted liquidity. QCII estimates that the more liquid assets in the trust will be adequate to provide continuing reimbursements for covered post-retirement health care costs for approximately five years. Thereafter, covered benefits will be paid either directly by QCII or from the trust as the remaining assets become liquid. This projected five year period could be substantially shorter or longer depending on returns on plan assets, the timing of maturities of illiquid plan assets and future changes in benefits.

Certain of our employees may become eligible to participate in the QCII post-retirement plan. The amounts contributed by us through QCII are not segregated or restricted to pay amounts due to our employees and may be used to provide benefits to other employees of QCII’s affiliates. Historically, QCII has only required us to pay our portion of its post-retirement contribution.

Other Matters

Effective after CenturyLink’s indirect acquisition of us, we are included in the consolidated federal income tax return of CenturyLink. CenturyLink is in the process of developing a post-acquisition intercompany agreement for allocation of consolidated income tax liabilities. We will continue to account for income tax expense on a stand-alone basis. We are also included in certain combined state tax returns filed by CenturyLink and the same accounting will apply.

As of September 30, 2011, we had paid certain costs that were associated with the CenturyLink acquisition. These costs include compensation costs comprised of retention bonuses and severance. The final amounts and timing of the compensation costs to be paid is partially dependent upon personnel decisions that continue to be made as part of the continuing integration. These amounts may be material.

We have no special purpose or limited purpose entities that provide off-balance sheet financing, liquidity, or market or credit risk support, and we do not engage in hedging, research and development services, or other relationships that expose us to any significant liabilities that are not reflected on the face of our consolidated balance sheets. There were no substantial changes to our off-balance sheet arrangements or contractual commitments in the combined nine months ended September 30, 2011, when compared to the disclosures provided in our Annual Report on Form 10-K for the year ended December 31, 2010.

Market Risk

We are exposed to market risks arising from changes in interest rates. The objective of our interest rate risk management program is to manage the level and volatility of our interest expense. From time to time, we have used derivative financial instruments to manage our interest rate risk exposure on our debt and we may employ them in the future.

There were no material changes to market risks arising from changes in interest rates for the nine months ended September 30, 2011, when compared to the disclosures provided in our Annual Report on Form 10-K for the year ended December 31, 2010.

Other Information

CenturyLink’s and our website is www.centurylink.com. We routinely post important investor information in the “Investor Relations” section of our website at ir.centurylink.com. The information contained on, or that

may be accessed through, our website is not part of this report. You may obtain free electronic copies of the reports that CenturyLink, QCII and QC make with the SEC in the “Investor Relations” section of our website under the heading “SEC Filings.” These reports are available on our website as soon as reasonably practicable after we electronically file them with the SEC.

In addition to historical information, this MD&A includes certain forward-looking statements that are based on current expectations only, and are subject to a number of risks, uncertainties and assumptions, many of which are beyond our control. Actual events and results may differ materially from those anticipated, estimated or projected if one or more of these risks or uncertainties materialize, or if underlying assumptions prove incorrect. Factors that could affect actual results include but are not limited to: the timing, success and overall effects of competition from a wide variety of competitive providers; the risks inherent in rapid technological change; the effects of ongoing changes in the regulation of the communications industry (including those arising out of the FCC’s proposed rules regarding intercarrier compensation and the USF, among other things); our ability to effectively adjust to changes in the communications industry and changes in the composition of our markets and product mix caused by CenturyLink’s recent acquisitions of Savvis, QCII and Embarq; CenturyLink’s ability to successfully integrate the operations of Savvis, QCII (including us) and Embarq into its operations, including the possibility that the anticipated benefits from these acquisitions cannot be fully realized in a timely manner or at all, or that integrating the acquired operations will be more difficult, disruptive or costly than anticipated; CenturyLink’s and QCII’s ability to use net operating loss carryovers in projected amounts; the effects of changes in CenturyLink’s assignment of the QCII or Savvis purchase price to identifiable assets and liabilities after the date hereof; CenturyLink’s ability to effectively manage its expansion opportunities, including retaining and hiring key personnel; possible changes in the demand for, or pricing of, our products and services; our ability to successfully introduce new product or service offerings on a timely and cost-effective basis; our continued access to credit markets on favorable terms; our ability to collect our receivables from financially troubled communications companies; any adverse developments in legal proceedings involving CenturyLink and QCII; CenturyLink’s ability to pay a $2.90 per common share dividend annually, which may be affected by changes in its and our cash requirements, capital spending plans, cash flows or financial position; unanticipated increases or other changes in our future cash requirements, whether caused by unanticipated increases in capital expenditures, increases in CenturyLink or QCII’s pension funding requirements or otherwise; our ability to successfully negotiate collective bargaining agreements on reasonable terms without work stoppages; the effects of adverse weather; other risks referenced from time to time in this report (including in “Risk Factors” in Item 1A of Part II of this report) or other of our filings with the SEC; and the effects of more general factors such as changes in interest rates, in tax rates, in accounting policies or practices, in operating, medical, pension or administrative costs, in general market, labor or economic conditions, or in legislation, regulation or public policy. You should be aware that new factors may emerge from time to time and it is not possible for us to identify all such factors nor can we predict the impact of each such factor on the business or the extent to which any one or more factors may cause actual results to differ from those reflected in any forward-looking statements. You are further cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this report. We undertake no obligation to update any of our forward-looking statements for any reason.

Item 3.

Qwest Corporation

QUANTITATIVE AND QUALITATIVE

DISCLOSURES ABOUT MARKET RISK

We have omitted this information pursuant to General Instruction H(2).

Item 4.

Qwest Corporation

CONTROLS AND PROCEDURES

The effectiveness of our or any system of disclosure controls and procedures is subject to certain limitations, including the exercise of judgment in designing, implementing and evaluating the controls and procedures, the assumptions used in identifying the likelihood of future events and the inability to eliminate misconduct completely. As a result, there can be no assurance that our disclosure controls and procedures will detect all errors or fraud. By their nature, our or any system of disclosure controls and procedures can provide only reasonable assurance regarding management’s control objectives.

Our Chief Executive Officer, Glen F. Post, III, and our Chief Financial Officer, R. Stewart Ewing, Jr., have evaluated the design and operation of our disclosure controls and procedures (as defined in Rules 13a-15(e) and 15d-15(e) of the Securities Exchange Act of 1934, or the “Exchange Act”) as of September 30, 2011. Based on the evaluation, Messrs. Post and Ewing concluded that our disclosure controls and procedures are designed, and are effective, to provide reasonable assurance that the information required to be disclosed by us in the reports that we file under the Exchange Act is timely recorded, processed, summarized and reported and to ensure that information required to be disclosed in the reports that we file or submit under the Exchange Act is accumulated and communicated to our management, including Messrs. Post and Ewing, in a manner that allows timely decisions regarding required disclosure.

We did not make any changes to our internal control over financial reporting in the third quarter of 2011 that materially affected, or that we believe are reasonably likely to materially affect, our internal control over financial reporting.

PART II—OTHER INFORMATION

Qwest Corporation

Item 1.

Legal Proceedings

The information contained in Note 9—Commitments and Contingencies included in Part I, Item 1, of this report is incorporated herein by reference.

Item 1A.

Risk Factors

Any of the following risks could materially and adversely affect our business, financial condition, results of operations, liquidity or prospects.

Risks Affecting Our Business

CenturyLink’s acquisition of QCII may not achieve the intended results.

CenturyLink’s acquisition of QCII resulted in the combination of two companies that previously operated as independent public companies. The combined company will need to devote management attention and resources to integrate CenturyLink’s and QCII’s businesses. In addition, the combined company may face difficulties with the integration process. For example:

•

the combined company may not realize the anticipated cost savings and operating synergies at expected levels or in the expected timeframe;

•

existing customers and suppliers may decide not to do business with the combined company;

•

the costs of integrating QCII’s policies, procedures, operations, technologies and systems with those of CenturyLink could be higher than expected;

•

the integration process could consume significant time and attention on the part of the combined company’s management, thereby diverting attention from day-to-day operations; or

•

the combined company may not be able to retain key employees or integrate employees from the two companies while maintaining existing levels of sales, customer service and operational support.

For these and other reasons, the acquisition may not achieve the intended results. This could, in turn, adversely affect our operating results and financial condition

Increasing competition, including product substitution, continues to cause access line losses, which has adversely affected and could continue to adversely affect our operating results and financial condition.

We compete in a rapidly evolving and highly competitive market, and we expect competition to continue to intensify. We are facing greater competition from cable companies, wireless providers, resellers and sales agents (including ourselves) and facilities-based providers using their own networks as well as those leasing parts of our network. In addition, regulatory developments over the past several years have generally increased competitive pressures on our business. Due to some of these and other factors, we continue to lose access lines.

We are continually evaluating our responses to these competitive pressures. Some of our more recent responses are expanded broadband capabilities and strategic partnerships. We also remain focused on customer service and providing customers with simple and integrated solutions, including, among other things, service bundles and packages. However, we may not be successful in these efforts. We may not be able to distinguish our offerings and service levels from those of our competitors, and we may not be successful in integrating our product offerings, especially products for which we act as a reseller or sales agent such as wireless and video services. Our operating results and financial condition would be adversely affected if these initiatives are unsuccessful or insufficient and if we otherwise are unable to sufficiently stem or offset our continuing access line losses and our revenue declines significantly without corresponding cost reductions. If this occurred, our ability to service debt and pay other obligations would also be adversely affected.

Unfavorable general economic conditions could negatively impact our operating results and financial condition.

Unfavorable general economic conditions, including the unstable economy and the current credit market environment, could negatively affect our business. Worldwide economic growth has been sluggish since 2008, and many experts believe that a confluence of factors in the United States, Europe and developing countries may result in a prolonged period of economic downturn, slow growth or economic uncertainty. While it is often difficult for us to predict the impact of general economic conditions on our business, these conditions could adversely affect the affordability of and consumer demand for some of our products and services and could cause customers to shift to lower priced products and services or to delay or forgo purchases of our products and services. One or more of these circumstances could cause our revenues to decline. Also, our customers may encounter financial hardships or may not be able to obtain adequate access to credit, which could affect their ability to make timely payments to us. If that were to occur, we could be required to increase our allowance for doubtful accounts, and the number of days outstanding for our accounts receivable could increase. In addition, as discussed below, unstable economic and credit markets may preclude us from refinancing maturing debt at terms that are as favorable as those from which we previously benefited, at terms that are acceptable to us or at all. For these reasons, among others, if the current economic conditions persist or decline, this could adversely affect our operating results and financial condition, as well as our ability to service debt and pay other obligations.

Consolidation among other participants in the telecommunications industry may allow our competitors to compete more effectively against us, which could adversely affect our operating results and financial condition.

The telecommunications industry has experienced some consolidation, and several of our competitors have consolidated with other telecommunications providers. This consolidation results in competitors that are larger and better financed and affords our competitors increased resources and greater geographical reach, thereby enabling those competitors to compete more effectively against us. We have experienced and expect further increased pressures as a result of this consolidation and in turn have been and may continue to be forced to respond with lower profit margin product offerings and pricing plans in an effort to retain and attract customers. These pressures could adversely affect our operating results and financial condition, as well as our ability to service debt and pay other obligations.

Rapid changes in technology and markets could require substantial expenditure of financial and other resources in excess of contemplated levels, and any inability to respond to those changes could reduce our market share and adversely affect our operating results and financial condition.

The telecommunications industry is experiencing significant technological changes, and our ability to execute our business plans and compete depends upon our and our affiliates’ ability to develop and deploy new products and services. The development and deployment of new products and services could also require substantial expenditure of financial and other resources in excess of contemplated levels. If we are not able to develop new products and services to keep pace with technological advances, or if those products and services are not widely accepted by customers, our ability to compete could be adversely affected and our market share could decline. Any inability to keep up with changes in technology and markets could also adversely affect our operating results and financial condition, as well as our ability to service debt and pay other obligations.

Our reseller and sales agency arrangements expose us to a number of risks, one or more of which may adversely affect our business and operating results.

We rely on reseller and sales agency arrangements with other companies to provide some of the services that we sell to our customers, including video services and wireless products and services. If we fail to extend or renegotiate these arrangements as they expire from time to time or if these other companies fail to fulfill their contractual obligations to us or our customers, we may have difficulty finding alternative arrangements and our customers may experience disruptions to their services. In addition, as a reseller or sales agent, we do not control the availability, retail price, design, function, quality, reliability, customer service or branding of these products and services, nor do we directly control all of the marketing and promotion of these products and services. To the extent that these other companies make decisions that negatively impact our ability to market and sell their

products and services, our business plans and goals and our reputation could be negatively impacted. If these reseller and sales agency arrangements are unsuccessful due to one or more of these risks, our business and operating results may be adversely affected.

Third parties may claim we infringe upon their intellectual property rights, and defending against these claims could adversely affect our profit margins and our ability to conduct business.

From time to time, we receive notices from third parties or are named in lawsuits filed by third parties claiming we have infringed or are infringing upon their intellectual property rights. We may receive similar notices or be involved in similar lawsuits in the future. Responding to these claims may require us to expend significant time and money defending our use of affected technology, may require us to enter into licensing agreements requiring royalty payments that we would not otherwise have to pay or may require us to pay damages. If we are required to take one or more of these actions, our profit margins may decline. In addition, in responding to these claims, we may be required to stop selling or redesign one or more of our products or services, which could significantly and adversely affect the way we conduct business.

Network disruptions or system failures could adversely affect our operating results and financial condition.

To be successful, we will need to continue providing our customers with a high capacity, reliable and secure network. Some of the risks to our network and infrastructure include:

•

breaches of security, including sabotage, tampering, computer viruses and break-ins;

•

power losses or physical damage, whether caused by fire, adverse weather conditions, terrorism or otherwise;

•

capacity limitations;

•

software and hardware defects or malfunctions; and

•

other disruptions that are beyond our control.

Disruptions or system failures may cause interruptions in service or reduced capacity for customers. If service is not restored in a timely manner, agreements with our customers or service standards set by state regulatory commissions could obligate us to provide credits or other remedies. If network security is breached, confidential information of our customers or others could be lost or misappropriated, and we may be required to expend additional resources modifying network security to remediate vulnerabilities. The occurrence of any disruption or system failure may result in a loss of business, increase expenses, damage our reputation, subject us to additional regulatory scrutiny or expose us to litigation and possible financial losses, any of which could have a material adverse effect on our results of operations and financial condition.

Risks Relating to Legal and Regulatory Matters

Our final determinations of the acquisition date fair market of our assets and liabilities may be significantly different from our current estimates, which could have a material adverse effect on our operating results.

CenturyLink has accounted for its acquisition of us under the acquisition method of accounting, which resulted in the assignment of the purchase price to the assets acquired and liabilities assumed based on preliminary estimates of their acquisition date fair values. The determination of the fair values of the acquired assets and assumed liabilities (and the related determination of estimated lives of depreciable tangible and identifiable intangible assets) requires significant judgment. As such, we have not completed our valuation analysis and calculations in sufficient detail necessary to arrive at the final estimates of the fair market value of the assets acquired and liabilities assumed, along with the related allocations to goodwill and intangible assets. As such, all information presented in this report is preliminary and subject to revision pending the final fair market valuation analysis. We expect to complete our final fair value determinations no later than the first quarter of 2012. Our final fair value determinations may be significantly different than those reflected in this report, which could have a material adverse effect on CenturyLink’s and our operating results.

Any adverse outcome of the KPNQwest litigation against QCII could have a material adverse impact on our financial condition and operating results, on the trading price of our debt securities and on our ability to access the capital markets.

As described in Note 9—Commitments and Contingencies to our consolidated financial statements in Item 1 of Part I of this report, CenturyLink and QCII are involved in several legal proceedings that, if resolved against them, could have a material adverse effect on their business and financial condition. As a wholly owned subsidiary of CenturyLink and QCII, our business and financial condition could be similarly affected. You can find descriptions of these legal proceedings in CenturyLink’s and QCII’s quarterly and annual reports filed with the SEC. These matters include certain KPNQwest matters, which present material and significant risks to QCII and us. In the aggregate, the plaintiffs in the KPNQwest matters seek billions of euros (equating to billions of dollars) in damages. In addition, the outcome of one of the pending KPNQwest matters could have a negative impact on the outcome of the other matter. QCII continues to defend against these matters vigorously and is currently unable to provide any estimate as to the timing of their resolution.

We can give no assurance as to the impacts on QCII’s and our financial results or financial condition that may ultimately result from these matters. The ultimate outcomes of these matters are still uncertain, and substantial settlements or judgments in these matters could have a significant impact on QCII and us. The magnitude of such settlements or judgments resulting from these matters could materially and adversely affect QCII’s financial condition and ability to meet its debt obligations, potentially impacting its credit ratings, its ability to access capital markets and its compliance with debt covenants. In addition, the magnitude of any such settlements or judgments may cause QCII to draw down significantly on its cash balances, which might force it to obtain additional financing or explore other methods to generate cash. Such methods could include issuing additional debt securities or selling assets. As a wholly owned subsidiary of QCII, our business operations and financial condition could be similarly affected.

There are other material proceedings pending against QCII, as described in Note 9—Commitments and Contingencies to our consolidated financial statements in Item 1 of Part I of this report. Depending on their outcome, any of these matters could have a material adverse effect on our financial position or operating results. We can give you no assurances as to the impact of these matters on our operating results or financial condition.

We operate in a highly regulated industry and are therefore exposed to restrictions on our manner of doing business and a variety of claims relating to such regulation.

We are subject to significant regulation by the FCC, which regulates interstate communications, and state utility commissions, which regulate intrastate communications. Generally, we must obtain and maintain certificates of authority from the FCC and regulatory bodies in most states where we offer regulated services, and we are subject to numerous, and often quite detailed, requirements under federal, state and local laws, rules and regulations. Accordingly, we cannot ensure that we are always in compliance with all these requirements at any single point in time. The agencies responsible for the enforcement of these laws, rules and regulations may initiate inquiries or actions based on customer complaints or on their own initiative.

Regulation of the telecommunications industry is changing rapidly, and the regulatory environment varies substantially from state to state. The state legislatures and state utility commissions in our local service area have adopted reduced or modified forms of regulation for retail services. These changes also generally allow more flexibility for rate changes and for new product introduction, and they enhance our ability to respond to competition. Despite these regulatory changes, a substantial portion of our local voice services revenue remains subject to FCC and state utility commission pricing regulation, which could expose us to unanticipated price declines. There can be no assurance that future regulatory, judicial or legislative activities will not have a material adverse effect on our operations, or that regulators or third parties will not raise material issues with regard to our compliance or noncompliance with applicable regulations.

On October 27, 2011, the FCC issued an order initiating a reform and modernization of its rules governing the rates that carriers charge each other for originating, carrying and terminating traffic, known as intercarrier

compensation, and the fund that the FCC has established to subsidize service to high-cost areas, known as universal service. These changes are intended to reform the existing regulatory regime to recognize ongoing shifts to new technologies, including VoIP, and gradually re-direct universal service funding to foster ubiquitous broadband coverage. The rules are also intended to address intercarrier compensation issues arising from the delivery of traffic destined for entities that offer conference and chat line services for free (known in the industry as “access stimulation,” or “traffic pumping”), and of traffic bound for Internet service providers that cross local exchange boundaries (known as “VNXX traffic”). This initial ruling provides for a multi-year transition over the next decade as intercarrier compensation charges are reduced, universal service funding is explicitly targeted to broadband deployment, and subscriber line charges paid by end user customers are gradually increased. Much of the detail regarding the implementation of these regulatory changes is yet to be determined in upcoming FCC proceedings. Once the FCC concludes these proceedings, we will be better positioned to quantify the financial impacts of the new rules. In addition, based on the outcome of the FCC proceedings, various state commissions may consider changes to their universal service funds. However, neither the outcome of the federal or state proceedings, nor their potential impact on us, can be predicted at this time.

All of our operations are also subject to a variety of environmental, safety, health and other governmental regulations. We monitor our compliance with federal, state and local regulations governing the management, discharge and disposal of hazardous and environmentally sensitive materials. Although we believe that we are in compliance with these regulations, our management, discharge or disposal of hazardous and environmentally sensitive materials might expose us to claims or actions that could have a material adverse effect on our business, financial condition and operating results.

Risks Affecting Our Liquidity

CenturyLink’s high debt levels pose risks to our viability and may make us more vulnerable to adverse economic and competitive conditions, as well as other adverse developments.

Our ultimate parent, CenturyLink, continues to carry significant debt. As of September 30, 2011, our consolidated debt was approximately $8.951 billion, which was included in CenturyLink’s consolidated debt of approximately $22.176 billion as of that date. Approximately $3.820 billion of CenturyLink’s debt, which includes approximately $1.324 billion of our debt obligations, comes due over the next three years. While we currently believe CenturyLink and we will have the financial resources to meet our obligations when they come due, we cannot fully anticipate our future condition or that of CenturyLink, the credit markets or the economy generally. We may have unexpected costs and liabilities, and we may have limited access to financing.

We may periodically need to obtain financing in order to meet our debt obligations as they come due. Due to the unstable economy and the current credit market environment, we may not be able to refinance maturing debt at terms that are as favorable as those from which we previously benefited, at terms that are acceptable to us or at all. We may also need to obtain additional financing or investigate other methods to generate cash (such as further cost reductions or the sale of assets) if revenues and cash provided by operations decline, if economic conditions weaken, if competitive pressures increase, if CenturyLink, QCII or we are required to contribute a material amount of cash to our collective pension plans, if CenturyLink, QCII or we are required to begin to pay other post-retirement benefits significantly earlier than is anticipated, or if CenturyLink or QCII becomes subject to significant judgments or settlements in one or more of the matters referred to in Note 9—Commitments and Contingencies to our consolidated financial statements in Item 1 of Part I of this report. We can give no assurance that this additional financing will be available on terms that are acceptable to us or at all. Also, we may be impacted by factors relating to or affecting our liquidity and capital resources due to perception in the market, impacts on our credit ratings or provisions in our financing agreements that may restrict our flexibility under certain conditions.

Certain of CenturyLink’s and QCII’s debt issues have cross payment default or cross acceleration provisions. When present, these provisions could have a wider impact on liquidity than might otherwise arise from a default or acceleration of a single debt instrument. Any such event could adversely affect our ability to

conduct business or access the capital markets and could adversely impact our credit ratings. See “Liquidity and Capital Resources” in Item 1 of this report for additional information about the Credit Facility.

The degree to which we, together with CenturyLink and QCII, are leveraged may have other important limiting consequences, including the following:

•

placing us at a competitive disadvantage as compared with our less leveraged competitors;

•

making us more vulnerable to downturns in general economic conditions or in any of our businesses;

•

limiting our flexibility in planning for, or reacting to, changes in our business and the industry in which we operate; and

•

impairing our credit ratings or our ability to obtain additional financing in the future for working capital, capital expenditures or general corporate purposes.

We may be unable to significantly reduce the substantial capital requirements or operating expenses necessary to continue to operate our business, which may in turn affect our operating results.

The industry in which we operate is capital intensive, and we anticipate that our capital requirements will continue to be significant in the coming years. Although we have reduced our operating expenses over the past few years, we may be unable to further significantly reduce these costs, even if revenues in some areas of our business are decreasing. While we believe that our planned level of capital expenditures will meet both our maintenance and our core growth requirements going forward, this may not be the case if circumstances underlying our expectations change.

Adverse changes in the value of assets or obligations associated with QCII’s qualified pension plan could negatively impact QCII’s liquidity, which may in turn affect our business and liquidity.

Substantially all of our employees participate in a qualified pension plan sponsored by QCII.

The funded status of this plan is the difference between the value of plan assets and the benefit obligation. The accounting unfunded status of QCII’s qualified pension plan was $490 million at April 1, 2011. Adverse changes in interest rates or market conditions, among other assumptions and factors, could cause a significant increase in QCII’s benefit obligation or a significant decrease in the value of plan assets. These adverse changes could require QCII to contribute a material amount of cash to its pension plan or could accelerate the timing of required cash payments. The amounts contributed by us through QCII are not segregated or restricted and may be used to provide benefits to employees of QCII’s other subsidiaries. QCII determines our cash contribution and, historically, has only required us to pay our portion of its required pension contribution. Based on current laws and circumstances, QCII believes they are required to make contributions totaling approximately $320 million to their qualified pension plan in 2012. Due to the significant declines in investment values during the third quarter of 2011, they currently expect that plan contributions in 2013 and beyond will be similar to the 2012 required expected contributions amounts. However, the actual amount of required contributions to the plan in 2013 and beyond will depend on earnings on investments, discount rates, demographic experience, changes in the benefits and funding laws and regulations. Any future material cash contributions in 2011 and beyond could have a negative impact on QCII’s liquidity by reducing its cash flows, which in turn could affect our liquidity.

The cash needs of our affiliated companies may consume a significant amount of the cash we generate.

CenturyLink has cash management arrangements between certain of its subsidiaries, including us, under which the majority of our cash balance is transferred on a daily basis to CenturyLink as a short-term affiliate loan. In addition, from time to time we may declare dividends to our direct parent, QSC. We may declare and pay dividends in excess of our earnings to the extent permitted by applicable law, which may consume a significant amount of the cash we generate. Our debt covenants do not limit the amount of dividends we can pay to our parent.

Our debt agreements and the debt agreements of CenturyLink and its other subsidiaries allow us to incur significantly more debt, which could exacerbate the other risks described in this report.

The terms of our debt instruments and the debt instruments of CenturyLink and its other subsidiaries permit additional indebtedness. Additional debt may be necessary for many reasons, including to adequately respond to competition, to comply with regulatory requirements related to our service obligations or for financial reasons alone. Incremental borrowings or borrowings at maturity on terms that impose additional financial risks to our various efforts to improve our operating results and financial condition could exacerbate the other risks described in this report.

CenturyLink plans to access the public debt markets, and we cannot assure you that these markets will remain free of disruptions.

CenturyLink has a significant amount of indebtedness that it intends to refinance over the next couple of years, principally it hopes through the issuance of debt securities of CenturyLink, QC or both. CenturyLink’s ability to arrange additional financing will depend on, among other factors, its financial position and performance, as well as prevailing market conditions and other factors beyond its control. Prevailing market conditions could be adversely affected by the ongoing sovereign debt crises in Europe, the failure of the United States to reduce its deficit in amounts deemed to be sufficient, possible downgrades in the credit ratings of the U.S. debt, contractions or limited growth in the economy or other similar adverse economic developments in the U.S. or abroad. As a result, CenturyLink cannot assure you that it will be able to obtain additional financing on terms acceptable to us or at all. Any such failure to obtain additional financing could jeopardize its and our ability to repay, refinance or reduce debt obligations

Other Risks Relating to Qwest

If conditions or assumptions differ from the judgments, assumptions or estimates used in our critical accounting policies, the accuracy of our financial statements and related disclosures could be affected.

The preparation of financial statements and related disclosures in conformity with U.S. generally accepted accounting principles requires management to make judgments, assumptions and estimates that affect the amounts reported in our consolidated financial statements and accompanying notes. Our critical accounting policies, which are described in our Annual Report on Form 10-K for the year ended December 31, 2010, describe those significant accounting policies and methods used in the preparation of our consolidated financial statements that are considered “critical” because they require judgments, assumptions and estimates that materially impact our consolidated financial statements and related disclosures. As a result, if future events or assumptions differ significantly from the judgments, assumptions and estimates in our critical accounting policies, these events or assumptions could have a material impact on our consolidated financial statements and related disclosures.

Taxing authorities may determine we owe additional taxes relating to various matters, which could adversely affect our financial results.

We were included in the consolidated federal income tax return of QCII for the periods before the April 1, 2011 closing of CenturyLink’s acquisition of QCII, and we are included in the consolidated federal income tax return of CenturyLink for periods on or after that date. As such, we could be severally liable for tax examinations and adjustments attributable to other members of the QCII or CenturyLink affiliated groups, as applicable. As a significant taxpayer, QCII is (and CenturyLink will be) subject to frequent and regular audits by the Internal Revenue Service as well as state and local tax authorities. These audits could subject us to tax liabilities if adverse positions are taken by these tax authorities.

Tax sharing agreements have been executed between QCII and previous affiliates, and QCII believes the liabilities, if any, arising from adjustments to previously filed returns would be borne by the affiliated group member determined to have a deficiency under the terms and conditions of such agreements and applicable tax law. We have not generally provided for liabilities attributable to current or former affiliated companies or for claims they have asserted or may assert against us.

We believe that we have adequately provided for tax contingencies. However, QCII’s tax audits and examinations may result in tax liabilities that differ materially from those that we have recorded in our consolidated financial statements. Because the ultimate outcomes of all of these matters are uncertain, we can give no assurance as to whether an adverse result from one or more of them will have a material effect on our financial results.

CenturyLink’s and QCII’s realization of accumulated tax net operating losses will be affected by certain tax limitations (including limitations resulting from the CenturyLink acquisition). Failure to realize these losses, could adversely affect our financial results and liquidity.

As of September 30, 2011, QCII had federal net operating loss carryovers, or NOLs, of approximately $5.9 billion. The CenturyLink acquisition caused an “ownership change” for QCII under federal tax laws relating to the use of NOLs. As a result, these laws could limit CenturyLink’s ability to use QCII’s NOLs and certain other tax attributes to reduce consolidated future taxable income.

QCII currently expects to realize substantially all of its NOLs and certain other deferred tax attributes. However, if QCII is unable to realize these benefits, its and CenturyLink’s future income tax payments would be higher than expected which would adversely affect their financial results and liquidity. As a wholly owned subsidiary of these companies, our financial results and liquidity could be similarly affected.

If we fail to extend or renegotiate our collective bargaining agreements with our labor unions as they expire from time to time, or if our unionized employees were to engage in a strike or other work stoppage, our business and operating results could be materially harmed.

We are a party to collective bargaining agreements with our labor unions, which represent a significant number of our employees. Our current four-year agreements with the Communications Workers of America and the International Brotherhood of Electrical Workers expire on October 6, 2012. Although we believe that our relations with our employees and unions are satisfactory, no assurance can be given that we will be able to successfully extend or renegotiate our collective bargaining agreements as they expire from time to time. The impact of future negotiations, including changes in wages and benefit levels, could have a material impact on our financial results. Also, if we fail to extend or renegotiate our collective bargaining agreements, if significant disputes with our unions arise, or if our unionized workers engage in a strike or other work stoppage, we could incur higher ongoing labor costs or experience a significant disruption of operations, which could have a material adverse effect on our business.

Item 6.

Exhibits

Exhibits identified in parentheses below are on file with the SEC and are incorporated herein by reference. All other exhibits are provided as part of this electronic submission.


Exhibit Number		Description
(4.1)		Eighth Supplemental Indenture, dated September 21, 2011, between Qwest Corporation and U.S. Bank National Association (incorporated by reference to Qwest Corporation’s Form 8-A filed September 20, 2011, File No. 1-03040).

(4.2)		Ninth Supplemental Indenture, dated October 4, 2011, between Qwest Corporation and U.S. Bank National Association (incorporated by reference to Qwest Corporation’s Current Report on Form 8-K filed on October 4, 2011, File No. 1-03040).

12		Calculation of Ratio of Earnings to Fixed Charges.

31.1		Chief Executive Officer certification pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.

31.2		Chief Financial Officer certification pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.

32		Chief Executive Officer and Chief Financial Officer certification pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.

101		Financial statements from the Quarterly Report on Form 10-Q of Qwest Corporation for the quarter ended September 30, 2011, formatted in XBRL: (i) the Consolidated Statements of Operations, (ii) the Consolidated Statements of Comprehensive Income (iii) the Consolidated Balance Sheets, (iv) the Consolidated Statements of Cash Flows, (v) the Consolidated Statements of Stockholders’ Equity (Deficit) and (vi) the Notes to the Consolidated Financial Statements tagged as blocks of text.

( ) Previously filed.

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.


Qwest Corporation

By:		/s/ David D. Cole
		David D. Cole Senior Vice President – Controller and Operations Support (Chief Accounting Officer and Duly Authorized Officer)

November 8, 2011

EX-12 2 d227427dex12.htm CALCULATION OF RATIO OF EARNINGS TO FIXED CHARGES Calculation of Ratio of Earnings to Fixed Charges

Exhibit 12

Qwest Corporation

CALCULATION OF RATIO OF EARNINGS TO FIXED CHARGES

(UNAUDITED)


	Successor		Predecessor
	Six months ended September 30,		Three months ended March 31,		Years ended December 31,
	2011		2011		2010		2009		2008		2007		2006
Income before income taxes		598		490		1,873		1,921		2,267		2,440		1,882
Add: estimated fixed charges		211		171		689		705		671		682		700
Add: estimated amortization of capitalized interest		4		2		10		11		12		10		10
Less: interest capitalized		(3)		(3)		(12)		(10)		(14)		(12)		(12)

Total earnings available for fixed charges		810		660		2,560		2,627		2,936		3,120		2,580

Estimate of interest factor on rentals		25		18		62		63		68		62		72
Interest expense, including amortization of premiums, discounts and debt issuance costs⁽¹⁾		183		150		615		632		589		608		616
Interest capitalized		3		3		12		10		14		12		12

Total fixed charges		211		171		689		705		671		682		700

Ratio of earnings to fixed charges		3.8		3.9		3.7		3.7		4.4		4.6		3.7

(1) Interest

expense includes only interest related to long-term debt and capital lease obligations.

EX-31.1 3 d227427dex311.htm CHIEF EXECUTIVE OFFICER CERTIFICATION Chief Executive Officer certification

Exhibit 31.1

CERTIFICATION OF CHIEF EXECUTIVE OFFICER

I, Glen F. Post, III, Chief Executive Officer and President, certify that:

1.	I have reviewed this quarterly report on Form 10-Q of Qwest Corporation;

2.	Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3.	Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5.	The registrant’s other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date: November 8, 2011

/s/ Glen F. Post, III

Glen F. Post, III

Chief Executive Officer and President

EX-31.2 4 d227427dex312.htm CHIEF FINANCIAL OFFICER CERTIFICATION Chief Financial Officer certification

Exhibit 31.2

CERTIFICATION OF CHIEF FINANCIAL OFFICER

I, R. Stewart Ewing, Jr., Executive Vice President and Chief Financial Officer, certify that:

1.	I have reviewed this quarterly report on Form 10-Q of Qwest Corporation;

2.	Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3.	Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

5.	The registrant’s other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date: November 8, 2011

/s/ R. Stewart Ewing, Jr.

R. Stewart Ewing, Jr.

Executive Vice President and Chief Financial Officer

EX-32 5 d227427dex32.htm CHIEF EXECUTIVE OFFICER AND CHIEF FINANCIAL OFFICER CERTIFICATION Chief Executive Officer and Chief Financial Officer certification

Exhibit 32

Chief Executive Officer and Chief Financial Officer Certification Pursuant to 18 U.S.C. Section 1350, as

Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002

Each of the undersigned, acting in his capacity as the Chief Executive Officer or Chief Financial Officer of Qwest Corporation (”Qwest”), certifies that, to his knowledge, the Quarterly Report on Form 10-Q for the quarter ended September 30, 2011 of Qwest fully complies with the requirements of Section 13(a) of the Securities Exchange Act of 1934 and that the information contained in the Form 10-Q fairly presents, in all material respects, the financial condition and results of operations of Qwest as of the dates and for the periods covered by such report.

A signed original of this statement has been provided to Qwest and will be retained by Qwest and furnished to the Securities and Exchange Commission or its staff upon request.

Dated: November 8, 2011

/s/ Glen F. Post, III

/s/ R. Stewart Ewing, Jr.

Glen F. Post, III

Chief Executive Officer and President

R. Stewart Ewing, Jr.

Executive Vice President and Chief Financial Officer

EX-101.INS 6 cik000068622-20110930.xml XBRL INSTANCE DOCUMENT 0000068622 us-gaap:CommonStockMember us-gaap:SuccessorMember 2011-09-30 0000068622 us-gaap:AccumulatedOtherComprehensiveIncomeMember us-gaap:SuccessorMember 2011-09-30 0000068622 us-gaap:CommonStockMember us-gaap:SuccessorMember 2011-03-31 0000068622 us-gaap:CommonStockMember us-gaap:PredecessorMember 2011-03-31 0000068622 us-gaap:AccumulatedOtherComprehensiveIncomeMember us-gaap:PredecessorMember 2011-03-31 0000068622 us-gaap:CommonStockMember us-gaap:PredecessorMember 2010-12-31 0000068622 us-gaap:AccumulatedOtherComprehensiveIncomeMember us-gaap:PredecessorMember 2010-12-31 0000068622 us-gaap:CommonStockMember us-gaap:PredecessorMember 2010-09-30 0000068622 us-gaap:AccumulatedOtherComprehensiveIncomeMember us-gaap:PredecessorMember 2010-09-30 0000068622 us-gaap:CommonStockMember us-gaap:PredecessorMember 2009-12-31 0000068622 us-gaap:AccumulatedOtherComprehensiveIncomeMember us-gaap:PredecessorMember 2009-12-31 0000068622 us-gaap:AccumulatedOtherComprehensiveIncomeMember us-gaap:SuccessorMember 2011-04-01 2011-09-30 0000068622 us-gaap:AccumulatedOtherComprehensiveIncomeMember us-gaap:PredecessorMember 2011-01-01 2011-03-31 0000068622 us-gaap:AccumulatedOtherComprehensiveIncomeMember us-gaap:PredecessorMember 2010-01-01 2010-09-30 0000068622 us-gaap:SuccessorMember 2011-03-31 0000068622 us-gaap:PredecessorMember 2011-03-31 0000068622 us-gaap:PredecessorMember 2010-09-30 0000068622 us-gaap:PredecessorMember 2009-12-31 0000068622 us-gaap:SuccessorMember 2011-07-01 2011-09-30 0000068622 us-gaap:PredecessorMember 2010-07-01 2010-09-30 0000068622 2011-11-04 0000068622 2011-01-01 2011-09-30 0000068622 us-gaap:SuccessorMember 2011-04-01 2011-09-30 0000068622 us-gaap:PredecessorMember 2011-01-01 2011-03-31 0000068622 us-gaap:PredecessorMember 2010-01-01 2010-09-30 0000068622 us-gaap:SuccessorMember 2011-09-30 0000068622 us-gaap:PredecessorMember 2010-12-31 0000068622 us-gaap:CommonStockMember us-gaap:PredecessorMember 2010-01-01 2010-09-30 iso4217:USD xbrli:shares xbrli:shares iso4217:USD 27000000 1158000000 16669000000 157000000 -93000000 141000000 11000000 36000000 -59000000 -7000000 40000000 767000000 (5) Severance We have announced reductions in our workforce and have accrued liabilities for related severance costs. These workforce reductions resulted primarily from the progression of merger integration plans, increased competitive pressures and the loss of access lines. We report severance liabilities in salaries and benefits within accrued expenses and other liabilities in our consolidated balance sheets and report severance expenses in selling, general and administrative expenses and cost of services and products in our consolidated statements of operations.   Changes in our accrued severance liabilities for the successor six months ended September 30, 2011 and the predecessor three months ended March 31, 2011 were as follows:   <table style="border-collapse: collapse;" border="0" cellspacing="0" cellpadding="0" width="76%" align="center"> <tr><td width="74%"> </td> <td valign="bottom" width="24%"> </td> <td> </td> <td> </td> <td> </td></tr> <tr><td valign="bottom"> </td> <td valign="bottom">  </td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center">Severance</td> <td valign="bottom"> </td></tr> <tr><td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom" colspan="2" align="center">(Dollars in millions)</td> <td valign="bottom"> </td></tr> <tr bgcolor="#bcddf7"><td valign="top"> Balance at December 31, 2010 (Predecessor)</td> <td valign="bottom">  </td> <td valign="bottom">$</td> <td valign="bottom" align="right">28</td> <td valign="bottom" nowrap="nowrap">  </td></tr> <tr><td valign="top"> Accrued to expense</td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">2</td> <td valign="bottom" nowrap="nowrap">  </td></tr> <tr bgcolor="#bcddf7"><td valign="top"> Payments, net</td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">(11)</td> <td valign="bottom" nowrap="nowrap">  </td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom">  </td> <td valign="bottom">  </td> <td> </td></tr> <tr><td valign="top"> Balance at March 31, 2011 (Predecessor)</td> <td valign="bottom">  </td> <td valign="bottom">$</td> <td valign="bottom" align="right">19</td> <td valign="bottom" nowrap="nowrap">  </td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom">  </td> <td valign="bottom">  </td> <td> </td></tr> <tr style="font-size: 1px;"><td style="border-bottom: #000000 1px solid;" valign="top"> </td> <td style="border-bottom: #000000 1px solid;" valign="bottom">  </td> <td style="border-bottom: #000000 1px solid;" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid;" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid;" valign="bottom"> </td></tr> <tr><td valign="top"> </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td></tr> <tr bgcolor="#bcddf7"><td valign="top"> Balance at April 1, 2011 (Successor)</td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">19</td> <td valign="bottom" nowrap="nowrap">  </td></tr> <tr><td valign="top"> Accrued to expense</td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">100</td> <td valign="bottom" nowrap="nowrap">  </td></tr> <tr bgcolor="#bcddf7"><td valign="top"> Payments, net</td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">(81)</td> <td valign="bottom" nowrap="nowrap">  </td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom">  </td> <td valign="bottom">  </td> <td> </td></tr> <tr><td valign="top"> Balance at September 30, 2011 (Successor)</td> <td valign="bottom">  </td> <td valign="bottom">$</td> <td valign="bottom" align="right">38</td> <td valign="bottom" nowrap="nowrap">  </td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom">  </td> <td valign="bottom">  </td> <td> </td></tr></table> Our severance expenses for the successor three and six months ended September 30, 2011 also included $1 million and $12 million, respectively, of share-based compensation associated with the accelerated vesting of stock awards that occurred in connection with workforce reductions relating to CenturyLink's indirect acquisition of us. false --12-31 Q3 2011 2011-09-30 10-Q 0000068622 1 Non-accelerated Filer QWEST CORP

679000000

678000000

720000000

692000000

193000000

235000000

34045000000

609000000

143000000

51000000

52000000

149000000

76000000

48000000

31000000

9000000

3000000

-108000000

12570000000

25825000000

1252000000

1762000000

(2) Acquisition of QCII by CenturyLink On April 1, 2011, our indirect parent QCII became a wholly owned subsidiary of CenturyLink. Since April 1, 2011, our results of operations have been included in the consolidated results of operations of CenturyLink. CenturyLink has accounted for its acquisition of QCII and us under the acquisition method of accounting, which resulted in the assignment of the purchase price to the assets acquired and liabilities assumed based on preliminary estimates of their acquisition date fair values. The determination of the fair values of the acquired assets and assumed liabilities (and the related determination of estimated lives of depreciable tangible and identifiable intangible assets) requires significant judgment. As such, we have not completed our valuation analysis and calculations in sufficient detail necessary to arrive at the final estimates of the fair values of the acquired assets and assumed liabilities, along with the related allocations to goodwill and intangible assets. As such, all information presented is preliminary and subject to revision pending the final fair market valuation analysis. We expect to complete our final fair value determinations no later than the first quarter of 2012. Our final fair value determinations may be significantly different than those reflected in our consolidated financial statements as of September 30, 2011. Based on our preliminary estimate, the aggregate consideration exceeds the aggregate estimated fair value of the acquired assets and assumed liabilities of us by $9.282 billion, which amount has been recognized as goodwill. This goodwill is attributable to strategic benefits, including enhanced financial and operational scale, market diversification and leveraged combined networks that we expect to realize. None of the goodwill associated with this acquisition is deductible for income tax purposes. Our aggregate consideration allocation is based on our preliminary estimate of enterprise value of $18.661 billion less the fair value of our debt of $8.688 billion. The following is our preliminary assignment of the aggregate consideration:   <table style="border-collapse: collapse;" border="0" cellspacing="0" cellpadding="0" width="84%" align="center"> <tr><td width="79%"> </td> <td valign="bottom" width="5%"> </td> <td> </td> <td> </td> <td> </td></tr> <tr><td valign="bottom"> </td> <td valign="bottom">  </td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="right">April 1, 2011</td> <td valign="bottom"> </td></tr> <tr><td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom" colspan="2" align="right">(Dollars in millions)</td> <td valign="bottom"> </td></tr> <tr bgcolor="#bcddf7"><td valign="top"> Cash, accounts receivable and other current assets</td> <td valign="bottom">  </td> <td valign="bottom">$</td> <td valign="bottom" align="right">                1,101</td> <td valign="bottom" nowrap="nowrap">  </td></tr> <tr><td valign="top"> Property, plant and equipment</td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">7,427</td> <td valign="bottom" nowrap="nowrap">  </td></tr> <tr bgcolor="#bcddf7"><td valign="top"> Identifiable intangible assets</td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td></tr> <tr><td valign="top"> Customer relationships</td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">6,052</td> <td valign="bottom" nowrap="nowrap">  </td></tr> <tr bgcolor="#bcddf7"><td valign="top"> Capitalized software</td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">1,702</td> <td valign="bottom" nowrap="nowrap">  </td></tr> <tr><td valign="top"> Other noncurrent assets</td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">200</td> <td valign="bottom" nowrap="nowrap">  </td></tr> <tr bgcolor="#bcddf7"><td valign="top"> Current liabilities, excluding current maturities of long-term debt</td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">(2,466)</td> <td valign="bottom" nowrap="nowrap">  </td></tr> <tr><td valign="top"> Current maturities of long-term debt</td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">(2,378)</td> <td valign="bottom" nowrap="nowrap">  </td></tr> <tr bgcolor="#bcddf7"><td valign="top"> Long-term debt</td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">(6,310)</td> <td valign="bottom" nowrap="nowrap">  </td></tr> <tr><td valign="top"> Deferred credits and other liabilities</td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">(4,637)</td> <td valign="bottom" nowrap="nowrap">  </td></tr> <tr bgcolor="#bcddf7"><td valign="top"> Goodwill</td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">9,282</td> <td valign="bottom" nowrap="nowrap">  </td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom">  </td> <td valign="bottom">  </td> <td> </td></tr> <tr><td valign="top"> Aggregate consideration</td> <td valign="bottom">  </td> <td valign="bottom">$</td> <td valign="bottom" align="right">9,973</td> <td valign="bottom" nowrap="nowrap">  </td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom">  </td> <td valign="bottom">  </td> <td> </td></tr></table> We have recognized $16 million and $139 million of expense associated with the our activities related to the CenturyLink acquisition during the successor three months and six months ended September 30, 2011, respectively. These expenses were comprised of primarily severance, retention bonuses, share-based compensation and system integration consulting. During the predecessor three months ended March 31, 2011, we had recognized $2 million of expenses associated with our activities related to the acquisition. As of April 1, 2011, as part of acquisition accounting, we also included in our goodwill $22 million for certain performance awards and $14 million related to retention bonuses, all of which were contingent on the completion of the acquisition and had no benefit to CenturyLink after the acquisition. CenturyLink has cash management arrangements between certain of its subsidiaries, including us, under which the majority of our cash balance is transferred on a daily basis to CenturyLink as a short-term affiliate loan.

888000000

1541000000

1014000000

344000000

192000000

201000000

7000000

-670000000

9000000

-194000000

(9) Commitments and Contingencies CenturyLink and QCII are involved in several legal proceedings to which we are not a party that, if resolved against them, could have a material adverse effect on their business and financial condition. As a wholly owned subsidiary of CenturyLink and QCII, our business and financial condition could be similarly affected. You can find descriptions of these legal proceedings in CenturyLink's and QCII's quarterly and annual reports filed with the SEC. Because we are not a party to any of the matters, we have not accrued any liabilities for these matters.

11425000000

9973000000

844000000

286000000

300000000

364000000

199000000

1946000000

665000000

626000000

1215000000

624000000

5045000000

1695000000

1630000000

3639000000

1778000000

55000000

76000000

167000000

372000000

252000000

375000000

315000000

159000000

154000000

1327000000

2969000000

1402000000

470000000

451000000

1243000000

620000000

1600000000

1000000000

628000000

140000000

510000000

807000000

205000000

160000000

326000000

292000000

(6) Fair Value Disclosure Our financial instruments consist of cash and cash equivalents, accounts receivable, accounts receivable—affiliates, short-term affiliate loans, accounts payable, accounts payable— affiliates and long-term debt excluding capital lease obligations. The carrying amounts of our cash and cash equivalents, accounts receivable, accounts receivable—affiliates, short-term affiliate loans, accounts payable and accounts payable—affiliates approximate their fair values. Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between independent and knowledgeable parties who are willing and able to transact for an asset or liability at the measurement date. We use valuation techniques that maximize the use of observable inputs and minimize the use of unobservable inputs when determining fair value and then we rank the estimated values based on the reliability of the inputs used following the fair value hierarchy set forth by the FASB. The three input levels in the hierarchy of fair value measurements are defined by the FASB generally as follows:   <table style="border-collapse: collapse;" border="0" cellspacing="0" cellpadding="0" width="84%" align="center"> <tr><td width="15%"> </td> <td valign="bottom" width="4%"> </td> <td width="81%"> </td></tr> <tr><td style="border-bottom: #000000 1px solid;" valign="bottom" nowrap="nowrap"> Input Level</td> <td valign="bottom">  </td> <td style="border-bottom: #000000 1px solid;" valign="bottom"> Description of Input</td></tr> <tr bgcolor="#bcddf7"><td valign="top">   Level 1</td> <td valign="bottom">  </td> <td valign="bottom">Observable inputs such as quoted market prices in active markets.</td></tr> <tr><td valign="top">   Level 2</td> <td valign="bottom">  </td> <td valign="bottom">Inputs other than quoted prices in active markets that are either directly or indirectly observable.</td></tr> <tr bgcolor="#bcddf7"><td valign="top">   Level 3</td> <td valign="bottom">  </td> <td valign="bottom">Unobservable inputs in which little or no market data exists.</td></tr></table> During the second quarter of 2011, the rights to our auction rate securities were assigned to our ultimate parent CenturyLink. Upon assignment, the fair market value of those securities was $42 million.   The following table presents the carrying amounts and estimated fair values of our investment securities, which are reported in noncurrent other assets, and long-term debt, excluding capital lease obligations, as well as the input levels used to determine the fair values:   <table style="border-collapse: collapse;" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr><td width="48%"> </td> <td valign="bottom" width="4%"> </td> <td> </td> <td> </td> <td> </td> <td valign="bottom" width="4%"> </td> <td> </td> <td> </td> <td> </td> <td valign="bottom" width="4%"> </td> <td> </td> <td> </td> <td> </td> <td valign="bottom" width="4%"> </td> <td> </td> <td valign="bottom" width="4%"> </td> <td> </td> <td> </td> <td> </td> <td valign="bottom" width="4%"> </td> <td> </td> <td> </td> <td> </td></tr> <tr><td valign="bottom"> </td> <td valign="bottom">  </td> <td style="border-bottom: #000000 1px solid;" valign="bottom" rowspan="2" colspan="2" align="center">Input Level</td> <td valign="bottom" rowspan="2"> </td> <td valign="bottom">  </td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="6" align="center">Successor September 30, 2011</td> <td valign="bottom"> </td> <td valign="bottom">  </td> <td style="border-right: #000000 1px solid;" valign="bottom">  </td> <td valign="bottom">  </td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="6" align="center">Predecessor December 31, 2010</td> <td valign="bottom"> </td></tr> <tr><td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom">  </td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center">Carrying Amount</td> <td valign="bottom"> </td> <td valign="bottom">  </td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center">Fair Value</td> <td valign="bottom"> </td> <td valign="bottom">  </td> <td style="border-right: #000000 1px solid;" valign="bottom">  </td> <td valign="bottom">  </td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center">Carrying Amount</td> <td valign="bottom"> </td> <td valign="bottom">  </td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center">Fair Value</td> <td valign="bottom"> </td></tr> <tr><td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom" colspan="2"> </td> <td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom" colspan="16" align="center">(Dollars in millions)</td> <td valign="bottom"> </td></tr> <tr bgcolor="#bcddf7"><td valign="top"> Assets—Investment securities</td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">3</td> <td valign="bottom" nowrap="nowrap">  </td> <td valign="bottom">  </td> <td valign="bottom">$</td> <td valign="bottom" align="right">—</td> <td valign="bottom" nowrap="nowrap">  </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">—</td> <td valign="bottom" nowrap="nowrap">  </td> <td valign="bottom">  </td> <td style="border-right: #000000 1px solid;" valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">52</td> <td valign="bottom" nowrap="nowrap">  </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">52</td> <td valign="bottom" nowrap="nowrap">  </td></tr> <tr><td valign="top"> Liabilities—Long-term debt excluding capital lease obligations</td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">2</td> <td valign="bottom" nowrap="nowrap">  </td> <td valign="bottom">  </td> <td valign="bottom">$</td> <td valign="bottom" align="right">        8,788</td> <td valign="bottom" nowrap="nowrap">  </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">8,506</td> <td valign="bottom" nowrap="nowrap">  </td> <td valign="bottom">  </td> <td style="border-right: #000000 1px solid;" valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">7,828</td> <td valign="bottom" nowrap="nowrap">  </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">8,482</td> <td valign="bottom" nowrap="nowrap">  </td></tr></table> The table below presents a rollforward of our auction rate securities valued using Level 3 inputs for the predecessor three months ended March 31, 2011 and the successor six months ended September 30, 2011:   <table style="border-collapse: collapse;" border="0" cellspacing="0" cellpadding="0" width="68%" align="center"> <tr><td width="74%"> </td> <td valign="bottom" width="24%"> </td> <td> </td> <td> </td> <td> </td></tr> <tr><td valign="bottom"> </td> <td valign="bottom">  </td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center">Auction Rate Securities</td> <td valign="bottom"> </td></tr> <tr><td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom" colspan="2" align="center">(Dollars in millions)</td> <td valign="bottom"> </td></tr> <tr bgcolor="#bcddf7"><td valign="top"> Balance at December 31, 2010 (Predecessor)</td> <td valign="bottom">  </td> <td valign="bottom">$</td> <td valign="bottom" align="right">52</td> <td valign="bottom" nowrap="nowrap">  </td></tr> <tr><td valign="top"> Dispositions and settlements</td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">(4)</td> <td valign="bottom" nowrap="nowrap">  </td></tr> <tr bgcolor="#bcddf7"><td valign="top"> Included in other income (expense)</td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">1</td> <td valign="bottom" nowrap="nowrap">  </td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom">  </td> <td valign="bottom">  </td> <td> </td></tr> <tr><td valign="top"> Balance at March 31, 2011 (Predecessor)</td> <td valign="bottom">  </td> <td valign="bottom">$</td> <td valign="bottom" align="right">49</td> <td valign="bottom" nowrap="nowrap">  </td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom">  </td> <td valign="bottom">  </td> <td> </td></tr> <tr style="font-size: 1px;"><td style="border-bottom: #000000 1px solid;" valign="top"> </td> <td style="border-bottom: #000000 1px solid;" valign="bottom">  </td> <td style="border-bottom: #000000 1px solid;" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid;" valign="bottom"> </td> <td style="border-bottom: #000000 1px solid;" valign="bottom"> </td></tr> <tr><td valign="top"> </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td></tr> <tr bgcolor="#bcddf7"><td valign="top"> Fair value adjustment</td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">(7)</td> <td valign="bottom" nowrap="nowrap">  </td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom">  </td> <td valign="bottom">  </td> <td> </td></tr> <tr><td valign="top"> Balance at April 1, 2011 (Successor)</td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">42</td> <td valign="bottom" nowrap="nowrap">  </td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom">  </td> <td valign="bottom">  </td> <td> </td></tr> <tr bgcolor="#bcddf7"><td valign="top"> Assignments to CenturyLink</td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">(42)</td> <td valign="bottom" nowrap="nowrap">  </td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom">  </td> <td valign="bottom">  </td> <td> </td></tr> <tr><td valign="top"> Balance at September 30, 2011 (Successor)</td> <td valign="bottom">  </td> <td valign="bottom">$</td> <td valign="bottom" align="right">—</td> <td valign="bottom" nowrap="nowrap">  </td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom">  </td> <td valign="bottom">  </td> <td> </td></tr></table>

9282000000

(3) Goodwill, Customer Relationships and Other Intangible Assets Goodwill, customer relationships and other intangible assets as of September 30, 2011 and December 31, 2010 consisted of the following:   <table style="border-collapse: collapse;" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr><td width="72%"> </td> <td valign="bottom" width="1%"> </td> <td> </td> <td> </td> <td> </td> <td valign="bottom" width="1%"> </td> <td width="2%"> </td> <td valign="bottom" width="1%"> </td> <td> </td> <td> </td> <td> </td></tr> <tr><td valign="bottom"> </td> <td valign="bottom">  </td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center">Successor</td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td style="border-right: #000000 1px solid;" valign="bottom">  </td> <td valign="bottom">  </td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center">Predecessor</td> <td valign="bottom"> </td></tr> <tr><td valign="bottom"> </td> <td valign="bottom">  </td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" nowrap="nowrap" align="center">September 30, 2011</td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td style="border-right: #000000 1px solid;" valign="bottom">  </td> <td valign="bottom">  </td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" nowrap="nowrap" align="center">December 31, 2010</td> <td valign="bottom"> </td></tr> <tr><td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom" colspan="8" align="center">(Dollars in millions)</td> <td valign="bottom"> </td></tr> <tr bgcolor="#bcddf7"><td valign="top"> Goodwill</td> <td valign="bottom">  </td> <td valign="bottom">$</td> <td valign="bottom" align="right">            9,282</td> <td valign="bottom" nowrap="nowrap">  </td> <td valign="bottom"> </td> <td style="border-right: #000000 1px solid;" valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">—</td> <td valign="bottom" nowrap="nowrap">  </td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom">  </td> <td valign="bottom">  </td> <td> </td> <td valign="bottom"> </td> <td style="border-right: #000000 1px solid;" valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom">  </td> <td valign="bottom">  </td> <td> </td></tr> <tr><td valign="top"> Customer relationships, less accumulated amortization of $401 and $—</td> <td valign="bottom">  </td> <td valign="bottom">$</td> <td valign="bottom" align="right">5,651</td> <td valign="bottom" nowrap="nowrap">  </td> <td valign="bottom"> </td> <td style="border-right: #000000 1px solid;" valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">—</td> <td valign="bottom" nowrap="nowrap">  </td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom">  </td> <td valign="bottom">  </td> <td> </td> <td valign="bottom"> </td> <td style="border-right: #000000 1px solid;" valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom">  </td> <td valign="bottom">  </td> <td> </td></tr> <tr bgcolor="#bcddf7"><td valign="top"> Other intangible assets subject to amortization</td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td style="border-right: #000000 1px solid;" valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td></tr> <tr><td valign="top"> Capitalized software, less accumulated amortization of $236 and $1,741</td> <td valign="bottom">  </td> <td valign="bottom">$</td> <td valign="bottom" align="right">1,541</td> <td valign="bottom" nowrap="nowrap">  </td> <td valign="bottom"> </td> <td style="border-right: #000000 1px solid;" valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">                888</td> <td valign="bottom" nowrap="nowrap">  </td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom">  </td> <td valign="bottom">  </td> <td> </td> <td valign="bottom"> </td> <td style="border-right: #000000 1px solid;" valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom">  </td> <td valign="bottom">  </td> <td> </td></tr></table> At September 30, 2011, the gross carrying amounts of goodwill, customer relationships and other intangible assets were $17.111 billion. These assets were recorded at fair value on April 1, 2011 as a result of CenturyLink's indirect acquisition of us. We expect to complete the final determination of these acquisition date fair value estimates and related estimated lives for amortizable intangible assets no later than the first quarter of 2012. Total amortization expense for intangible assets was as follows:   <table style="border-collapse: collapse;" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr><td width="50%"> </td> <td valign="bottom" width="5%"> </td> <td> </td> <td> </td> <td> </td> <td valign="bottom" width="5%"> </td> <td> </td> <td> </td> <td> </td> <td valign="bottom" width="5%"> </td> <td width="1%"> </td> <td valign="bottom" width="5%"> </td> <td> </td> <td> </td> <td> </td> <td valign="bottom" width="5%"> </td> <td> </td> <td> </td> <td> </td> <td valign="bottom" width="5%"> </td> <td> </td> <td> </td> <td> </td></tr> <tr><td valign="bottom"> </td> <td valign="bottom"> </td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="6" align="center">Successor</td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td style="border-right: #000000 1px solid;" valign="bottom">  </td> <td valign="bottom"> </td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="10" align="center">Predecessor</td> <td valign="bottom"> </td></tr> <tr><td valign="bottom"> </td> <td valign="bottom"> </td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" nowrap="nowrap" align="center">Three months ended September 30, 2011</td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" nowrap="nowrap" align="center">Six months ended September 30, 2011</td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td style="border-right: #000000 1px solid;" valign="bottom">  </td> <td valign="bottom"> </td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" nowrap="nowrap" align="center">Three  months ended March  31, 2011</td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" nowrap="nowrap" align="center">Three months ended September 30, 2010</td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" nowrap="nowrap" align="center">Nine months ended September 30, 2010</td> <td valign="bottom"> </td></tr> <tr><td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom" colspan="20" align="center">(Dollars in millions)</td> <td valign="bottom"> </td></tr> <tr bgcolor="#bcddf7"><td valign="top"> Amortization expense for intangible assets</td> <td valign="bottom"> </td> <td valign="bottom">$</td> <td valign="bottom" align="right">318</td> <td valign="bottom" nowrap="nowrap">  </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom" align="right">637</td> <td valign="bottom" nowrap="nowrap">  </td> <td valign="bottom"> </td> <td style="border-right: #000000 1px solid;" valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom" align="right">58</td> <td valign="bottom" nowrap="nowrap">  </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom" align="right">56</td> <td valign="bottom" nowrap="nowrap">  </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom" align="right">165</td> <td valign="bottom" nowrap="nowrap">  </td></tr></table> We amortize customer relationships primarily over an estimated life of 10 years, using either the sum-of-the-years-digits or straight-line methods, depending on the type of customer. We amortize capitalized software using the straight-line method over estimated lives ranging up to seven years. We estimate that total successor amortization expense for intangible assets for the three months ending December 31, 2011 and for the successor years ending December 31, 2012 through 2015 will be as follows:   <table style="border-collapse: collapse;" border="0" cellspacing="0" cellpadding="0" width="68%" align="center"> <tr><td width="74%"> </td> <td valign="bottom" width="9%"> </td> <td> </td> <td> </td> <td> </td></tr> <tr><td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom" colspan="2" align="center">(Dollars in millions)</td> <td valign="bottom"> </td></tr> <tr bgcolor="#bcddf7"><td valign="top"> Three months ending December 31, 2011</td> <td valign="bottom">  </td> <td valign="bottom">$</td> <td valign="bottom" align="right">316</td> <td valign="bottom" nowrap="nowrap">  </td></tr> <tr><td valign="top"> Year ending December 31,</td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td></tr> <tr bgcolor="#bcddf7"><td valign="top"> 2012</td> <td valign="bottom">  </td> <td valign="bottom">$</td> <td valign="bottom" align="right">            1,140</td> <td valign="bottom" nowrap="nowrap">  </td></tr> <tr><td valign="top"> 2013</td> <td valign="bottom">  </td> <td valign="bottom">$</td> <td valign="bottom" align="right">1,053</td> <td valign="bottom" nowrap="nowrap">  </td></tr> <tr bgcolor="#bcddf7"><td valign="top"> 2014</td> <td valign="bottom">  </td> <td valign="bottom">$</td> <td valign="bottom" align="right">965</td> <td valign="bottom" nowrap="nowrap">  </td></tr> <tr><td valign="top"> 2015</td> <td valign="bottom">  </td> <td valign="bottom">$</td> <td valign="bottom" align="right">844</td> <td valign="bottom" nowrap="nowrap">  </td></tr></table> We periodically review the estimated lives and methods used to amortize our intangible assets. The actual amounts of amortization expense may differ materially from our estimates, depending on the results of our periodic reviews and our final determinations of acquisition date fair value related to our intangible assets. We are required to review goodwill recorded in business combinations for impairment at least annually, or more frequently if events or a change in circumstances indicate that an impairment may have occurred. Our annual measurement date for testing goodwill impairment is September 30. We are required to write-down the value of goodwill only in periods in which the recorded amount of goodwill exceeds the fair value. The impairment testing is done at the reporting unit level; in reviewing the criteria for reporting units when allocating the goodwill resulting from our indirect acquisition by CenturyLink, it was determined that we are one reportable unit.   We early adopted the provisions of ASU 2011-08, Testing Goodwill for Impairment, during the third quarter, which permits us to make a qualitative assessment of whether it is more likely that not that a reporting unit's fair value is less than its carrying amount before applying the two step goodwill impairment test. If, after completing our qualitative assessment we determine that it is more likely that not that the carrying value exceeds estimated fair value, we compare the fair value to our carrying value (including goodwill). If the estimated fair value is greater than the carrying value, we conclude that no impairment exists. If the estimated fair value of the reporting unit is less than the carrying value, a second calculation is required in which the implied fair value of goodwill is compared to its carrying value. If the implied fair value of goodwill is less than its carrying value, goodwill must be written down to its implied fair value. We elected to early adopt the provisions of ASU 2011-8 and perform a qualitative assessment given the six month proximity of the goodwill impairment date and the acquisition date resulting in the creation of the goodwill. We have accounted for the CentruryLink's indirect acquisition of us under the acquisition method of accounting, which resulted in the assignment of the aggregate consideration to the assets acquired and liabilities assumed based on-preliminary estimates of their acquisition date fair values. The fair value of the aggregate consideration transferred exceeded the acquisition date fair value of the recorded tangible and intangible assets, and assumed liabilities by an estimated $9.282 billion, which has been recognized as goodwill. The determination of the fair values of the acquired assets and assumed liabilities (and the related determination of estimated lives of depreciable tangible and identifiable intangible assets) requires significant judgment. As such, we have not completed our valuation analysis and calculations in sufficient detail necessary to arrive at the final estimates of the fair values of the acquired assets and assumed liabilities, along with the related allocations to goodwill and intangible assets. The amounts recorded related to the acquisition are preliminary and subject to revision pending the final fair market valuation analysis. We expect to complete our final fair value determinations no later than the first quarter of 2012. Our final fair value determinations may be significantly different than those reflected in our consolidated financial statements as of September 30, 2011. As a result of the acquisition and related acquisition accounting, the carrying value of our assets and liabilities equaled our fair value as of April 1, 2011. A decrease in our fair value in excess of a reduction in our carrying value will result in us having a carrying value in excess of our fair value, which may result in an impairment of our goodwill. There is significant judgment in estimating the fair value of the company. The factors that most significantly impact our estimate of fair value include forecasted cash flows and risk adjusted discount rate. The applicable risk adjusted discount rate is impacted by the market risk free rate of return and our debt risk rating. The qualitative analysis included assessing the impact of changes in certain factors from April 1, 2011 (the acquisition date on which all assets and liabilities were assigned a fair value) to September 30, 2011 (the goodwill impairment testing date), including (i) changes in forecasted operating results and comparing actual results to those utilized in the April 1, 2011 fair value assignment; (ii) changes in our weighted average cost of capital from April 1, 2011 to September 30, 2011; (iii) changes in the industry or our competitive environment since the acquisition date; (iv) changes in the overall economy, our market share, and interest rates since the acquisition date; (v) trends in the stock price of CenturyLink and related market capitalization and enterprise values; (vi) trends; (vi) trends in peer companies total enterprise value metrics; (vii) control premiums paid for recent industry transactions; and (viii) additional factors such as management turnover, changes in regulation, and changes in litigation matters. Based on our qualitative assessment, we concluded that it was more likely that not that the estimated fair value of our reporting unit exceeded its carrying value as of September 30, 2011 and thus, determined it was not necessary to perform the two step goodwill impairment test. We believe the more impactful assessments include our actual results compared to those forecasted as of April 1, 2011 and the decline in our weighted average cost of capital since April 1, 2011. To date, our actual operating results have been comparable to those forecasted as of April 1, 2011 and, as of September 30, 2011, we believe the forecasted results of future periods are not materially different than those used as of April 1, 2011.

1463000000

467000000

490000000

598000000

317000000

(7) Income Taxes In connection with CenturyLink's indirect acquisition of us on April 1, 2011, we recorded a $1.4 billion deferred tax liability under the acquisition method of accounting. Our preliminary acquisition date assignment of deferred income taxes are subject to adjustment as discussed in Note 2—Acquisition of QCII by CenturyLink. Included in income tax expense for the predecessor nine months ended September 30, 2010 was a $55 million expense related to the change in the tax treatment of the Medicare Part D subsidy as a result of the comprehensive health care reform legislation enacted in March 2010.

621000000

181000000

191000000

234000000

118000000

40000000

-20000000

-13000000

33000000

-18000000

31000000

12000000

50000000

-12000000

-23000000

89000000

-40000000

-1000000

7000000

16000000

465000000

150000000

183000000

95000000

-462000000

-149000000

-290000000

8000000

3000000

5000000

126000000

123000000

12570000000

25825000000

2956000000

2923000000

3304000000

4867000000

871000000

625000000

7141000000

8326000000

(4) Long-term Debt On September 21, 2011, we issued $575 million aggregate principal amount of our 7.50% Notes due 2051 in exchange for net proceeds, after deducting underwriting discounts and expenses, of $557 million. The notes are our senior unsecured obligations and may be redeemed, in whole or in part, on or after September 15, 2016 at a redemption price equal to 100% of the principal amount redeemed plus accrued and unpaid interest to the redemption date. As described below under "Subsequent Events," in October 2011, we used the net proceeds of this issuance, together with net proceeds from a debt issuance on October 4, 2011 and available cash, to redeem the $1.500 billion aggregate principal amount of our 8.875% Notes due 2012. On June 8, 2011, we issued $661 million aggregate principal amount of our 7.375% Notes due 2051 in exchange for net proceeds, after deducting underwriting discounts and expenses, of $643 million. The notes are our unsecured obligations and may be redeemed, in whole or in part, on or after June 1, 2016 at a redemption price equal to 100% of the principal amount redeemed plus accrued and unpaid interest to the redemption date. We used the net proceeds, together with available cash, to redeem $825 million aggregate principal amount of our 7.875% Notes due 2011, and to pay related fees and expenses. Until April 1, 2011, QCII had a revolving credit facility, which made available to us $1.035 billion of additional credit subject to certain restrictions. That credit facility was terminated in conjunction with the CenturyLink acquisition. In January 2011, CenturyLink entered into a new four-year revolving credit facility with various lenders (the "Credit Facility") that allows CenturyLink to borrow up to $1.700 billion for the general corporate purposes of itself and its subsidiaries. Up to $400 million of the Credit Facility can be used for letters of credit, which reduce the amount available for other extensions of credit. Interest is assessed on borrowings using the London Interbank Offered Rate ("LIBOR") plus an applicable margin between 0.5% and 2.5% per annum depending on the type of loan and CenturyLink's then-current senior unsecured long-term debt rating. At September 30, 2011, CenturyLink had no borrowings and an immaterial amount of letters of credit outstanding under the Credit Facility. At September 30, 2011, we were in compliance with the provisions and covenants contained in our debt agreements. Subsequent Events On October 4, 2011, we issued $950 million aggregate principal amount of our 6.75% Notes due 2021 in exchange for net proceeds, after deducting underwriting discounts and expenses, of $927 million. The notes are our senior unsecured obligations and may be redeemed, in whole or in part, at a redemption price equal to the greater of their principal amount or the present value of the remaining principal and interest payments discounted at a specified U.S. Treasury interest rate plus 50 basis points. In October 2011, we used the net proceeds from this offering, together with the $557 million of net proceeds received on September 21, 2011 from the debt issuance described above and available cash, to redeem the $1.500 billion aggregate principal amount of its 8.875% Notes due 2012 and to pay all related fees and expenses, which resulted in an immaterial loss.

-2017000000

-525000000

-366000000

-889000000

-335000000

-1403000000

2236000000

869000000

1575000000

842000000

286000000

299000000

364000000

199000000

-463000000

-149000000

-148000000

-184000000

-95000000

1926000000

616000000

638000000

782000000

412000000

(1) Basis of Presentation On April 1, 2011, our indirect parent QCII became a wholly owned subsidiary of CenturyLink, Inc. in a tax-free, stock-for-stock transaction. Although we continued as a surviving corporation and legal entity after the acquisition, the accompanying consolidated statements of operations, comprehensive income, cash flows and stockholders' equity (deficit) are presented for two periods: predecessor and successor, which relate to the period preceding the acquisition and the period succeeding the acquisition, respectively. The recognition of assets and liabilities at fair value has been reflected in our financial statements and therefore has resulted in a new basis of accounting for the "successor period" beginning on April 1, 2011. This new basis of accounting means that our financial statements for the successor periods are not comparable to our previously reported financial statements, including the predecessor period financial statements in this report. The predecessor consolidated balance sheet as of December 31, 2010, which was derived from our audited financial statements, and our unaudited interim consolidated financial statements provided herein have been prepared in accordance with the instructions for Form 10-Q. Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been condensed or omitted pursuant to rules and regulations of the Securities and Exchange Commission, or SEC; however, in our opinion, the disclosures made are adequate to make the information presented not misleading. We believe that these consolidated financial statements include all normal recurring adjustments necessary to fairly present the results for the interim periods. The results of operations for the first nine months of the year are not indicative of the results of operations that might be expected for the entire year. These consolidated financial statements should be read in conjunction with the audited consolidated financial statements and the notes thereto included in our Annual Report on Form 10-K for the year ended December 31, 2010. During the first quarter of 2011, we changed the definitions we use to classify expenses as cost of services and products and selling, general and administrative, and as a result, we reclassified previously reported amounts to conform to the current period presentation. We revised our definitions so that our expense classifications are more consistent with the expense classifications used by our new ultimate parent company, CenturyLink. These revisions resulted in the reclassification of $229 million and $699 million from selling, general and administrative to cost of services and products for the predecessor three and nine months ended September 30, 2010, respectively. Our current definitions are as follows:   <table style="border-collapse: collapse;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr><td width="3%"> </td> <td valign="top" width="3%" align="left"></td> <td valign="top" width="1%"> </td> <td valign="top" align="left"> Cost of services and products (exclusive of depreciation and amortization) are expenses incurred in providing products and services to our customers. These expenses include: employee-related expenses directly attributable to operating and maintaining our network (such as salaries, wages, benefits and professional fees); rents and utilities expenses; equipment sales expenses (such as modem expenses); costs for universal service funds ("USF") (which are federal and state funds that are established to promote the availability of telecommunications services to all consumers at reasonable and affordable rates, among other things, and to which we are often required to contribute); and other expenses directly related to our network. </td></tr></table>   <table style="border-collapse: collapse;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr><td width="3%"> </td> <td valign="top" width="3%" align="left"></td> <td valign="top" width="1%"> </td> <td valign="top" align="left"> Selling, general and administrative expenses are expenses incurred in selling products and services to our customers, corporate overhead and other operating expenses. These expenses include: employee-related expenses (such as salaries, wages, internal commissions, benefits and professional fees) directly attributable to selling products or services and employee-related expenses for administrative functions; marketing and advertising; taxes (such as property and other taxes) and fees; external commissions; bad debt expense; and other selling, general and administrative expenses. </td></tr></table> These expense classifications may not be comparable to those of other companies. We also have reclassified certain other prior period amounts to conform to the current period presentation. These changes had no impact on total operating expenses or net income for any period. We have reclassified certain prior year balance sheet amounts presented in our Annual Report on Form 10-K for the year ended December 31, 2010. We made these changes so that the classifications of our assets and liabilities are more consistent with the asset and liability classifications used by our new ultimate parent company, CenturyLink. These reclassifications primarily included combining $899 million non-current prepaid pension asset—affiliates and $2.501 billion non-current post-retirement, other post-employment benefits and other—affiliates into $1.602 billion non-current affiliates obligations, net. We also combined $193 million accounts receivable—affiliates, $180 million current portion of post-retirement, other post-employment benefits and other—affiliates into accounts payable—affiliates, net. We reclassified $220 million from accrued expenses and other current liabilities to accounts payable. In addition, we reclassified $25 million from capitalized software, net into net property, plant and equipment. We provide to our affiliates telecommunications services that we also provide to external customers. In addition, we provide to our affiliates computer system development and support services. We also purchase services from our affiliates including telecommunications services and marketing and employee-related support services. In the normal course of business, we transfer assets and liabilities to and from CenturyLink and its affiliates based on carrying value. We have recorded $28 million of non-cash dividends associated with asset transfers to CenturyLink during the six months ended September 30, 2011. Recent Accounting Pronouncements.   <table style="border-collapse: collapse;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr><td width="3%"> </td> <td valign="top" width="3%" align="left"></td> <td valign="top" width="1%"> </td> <td valign="top" align="left"> In September 2011, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") 2011-08, Intangible—Goodwill and Other (Topic 350): Testing Goodwill for Impairment. This update simplifies the goodwill impairment assessment by allowing a company to first review qualitative factors to determine the likelihood of whether the fair value of a reporting unit is less than its carrying amount before applying the two-step goodwill impairment test. If it is determined that it is more likely than not that the fair value of a reporting unit is greater than its carrying amount, the company would not be required to perform the two-step goodwill impairment test for that reporting unit. This update is effective for interim and annual goodwill impairment tests performed for fiscal years beginning after December 15, 2011 with early adoption permitted. This ASU, which we adopted during the third quarter of 2011, did not have any impact on our consolidated financial statements. </td></tr></table>   <table style="border-collapse: collapse;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr><td width="3%"> </td> <td valign="top" width="3%" align="left"></td> <td valign="top" width="1%"> </td> <td valign="top" align="left"> In October 2009, the FASB issued ASU 2009-13, Revenue Recognition (Topic 605): Multiple-Deliverable Revenue Arrangements. This update requires the use of the relative selling price method when allocating revenue in these types of arrangements. This method requires a vendor to use its best estimate of selling price if neither vendor specific objective evidence nor third party evidence of selling price exists when evaluating multiple deliverable arrangements. This standard update was effective for us on January 1, 2011 and we have adopted it prospectively for revenue arrangements entered into or materially modified after January 1, 2011. This standard update has not had and will not have a material impact on our consolidated financial statements. </td></tr></table>

44000000

48000000

181000000

102000000

270000000

195000000

2000000

1000000

2000000

1000000

2000000

1000000

5651000000

2000000

1000000

2000000

-1000000

-29000000

-4000000

-1000000

-2000000

1500000000

530000000

700000000

919000000

341000000

638000000

1602000000

1583000000

-663000000

116000000

-239000000

1200000000

2000000

19000000

-13000000

44205000000

8003000000

10160000000

7394000000

48000000

17000000

31000000

519000000

14000000

853000000

-12256000000

-264000000

1162000000

388000000

398000000

812000000

397000000

6971000000

2311000000

2268000000

4421000000

2190000000

5809000000

1923000000

1870000000

3609000000

1793000000

(8) Products and Services Revenues We are an integrated communications company engaged primarily in providing an array of communications services in 14 states, including local, network access, broadband, other data services and video services. We strive to maintain our customer relationships by, among other things, bundling our service offerings to provide our customers with a complete offering of integrated communications services. We categorize our products and services into the following three categories:   <table style="border-collapse: collapse;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr><td width="6%"> </td> <td valign="top" width="3%" align="left"></td> <td valign="top" width="2%"> </td> <td valign="top" align="left"> Strategic services, which include primarily private line (including special access), broadband, video (DIRECTV) and Verizon Wireless services; </td></tr></table>   <table style="border-collapse: collapse;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr><td width="6%"> </td> <td valign="top" width="3%" align="left"></td> <td valign="top" width="2%"> </td> <td valign="top" align="left"> Legacy services, which include primarily local, switched access, integrated services digital network, ("ISDN"), and traditional wide area network, ("WAN"), services; and </td></tr></table>   <table style="border-collapse: collapse;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr><td width="6%"> </td> <td valign="top" width="3%" align="left"></td> <td valign="top" width="2%"> </td> <td valign="top" align="left"> Affiliates and other services, which consist primarily of services we provide to our affiliates and USF surcharges. We provide to our affiliates data, local services and billing and collections services that we also provide to external customers. In addition, we provide to our affiliates: marketing, sales and advertising services; computer system development and support services; network support and technical services; and other support services, such as legal, regulatory, finance and accounting, tax and human resources. </td></tr></table> Since the April 1, 2011 closing of CenturyLink's indirect acquisition of us, our operations are integrated into and reported as part of the segments of CenturyLink. CenturyLink's chief operating decision maker ("CODM") has become our CODM, but reviews our financial information on an aggregate basis only in connection with our quarterly and annual reports that we file with the SEC. Consequently, we do not provide our discrete financial information to the CODM on a regular basis. Our operating revenues for our products and services consisted of the following categories for the successor three and six months ended September 30, 2011 and predecessor three months ended March 31, 2011 and predecessor three and nine months ended September 30, 2010:   <table style="border-collapse: collapse;" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr><td width="50%"> </td> <td valign="bottom" width="4%"> </td> <td> </td> <td> </td> <td> </td> <td valign="bottom" width="4%"> </td> <td> </td> <td> </td> <td> </td> <td valign="bottom" width="4%"> </td> <td> </td> <td valign="bottom" width="4%"> </td> <td> </td> <td> </td> <td> </td> <td valign="bottom" width="4%"> </td> <td> </td> <td> </td> <td> </td> <td valign="bottom" width="4%"> </td> <td> </td> <td> </td> <td> </td></tr> <tr><td valign="bottom"> </td> <td valign="bottom"> </td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="6" align="center">Successor</td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td style="border-right: #000000 1px solid;" valign="bottom">  </td> <td valign="bottom"> </td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="10" align="center">Predecessor</td> <td valign="bottom"> </td></tr> <tr><td valign="bottom"> </td> <td valign="bottom"> </td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center">Three  months ended September 30, 2011</td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center">Six months ended September  30, 2011</td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td style="border-right: #000000 1px solid;" valign="bottom">  </td> <td valign="bottom"> </td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center">Three months ended March  31, 2011</td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center">Three  months ended September 30, 2010</td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center">Nine months ended September 30, 2010</td> <td valign="bottom"> </td></tr> <tr><td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom" colspan="20" align="center">(Dollars in millions)</td> <td valign="bottom"> </td></tr> <tr bgcolor="#bcddf7"><td valign="top"> Strategic services</td> <td valign="bottom"> </td> <td valign="bottom">$</td> <td valign="bottom" align="right">804</td> <td valign="bottom" nowrap="nowrap">  </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom" align="right">1,604</td> <td valign="bottom" nowrap="nowrap">  </td> <td valign="bottom"> </td> <td style="border-right: #000000 1px solid;" valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom" align="right">793</td> <td valign="bottom" nowrap="nowrap">  </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom" align="right">774</td> <td valign="bottom" nowrap="nowrap">  </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom" align="right">2,281</td> <td valign="bottom" nowrap="nowrap">  </td></tr> <tr><td valign="top"> Legacy services</td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom" align="right">918</td> <td valign="bottom" nowrap="nowrap">  </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom" align="right">1,863</td> <td valign="bottom" nowrap="nowrap">  </td> <td valign="bottom"> </td> <td style="border-right: #000000 1px solid;" valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom" align="right">1,001</td> <td valign="bottom" nowrap="nowrap">  </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom" align="right">1,067</td> <td valign="bottom" nowrap="nowrap">  </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom" align="right">3,280</td> <td valign="bottom" nowrap="nowrap">  </td></tr> <tr bgcolor="#bcddf7"><td valign="top"> Affiliates and other services</td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom" align="right">468</td> <td valign="bottom" nowrap="nowrap">  </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom" align="right">954</td> <td valign="bottom" nowrap="nowrap">  </td> <td valign="bottom"> </td> <td style="border-right: #000000 1px solid;" valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom" align="right">474</td> <td valign="bottom" nowrap="nowrap">  </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom" align="right">470</td> <td valign="bottom" nowrap="nowrap">  </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom" align="right">1,410</td> <td valign="bottom" nowrap="nowrap">  </td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom">  </td> <td> </td> <td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom">  </td> <td> </td> <td valign="bottom"> </td> <td style="border-right: #000000 1px solid;" valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom">  </td> <td> </td> <td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom">  </td> <td> </td> <td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom">  </td> <td> </td></tr> <tr><td valign="top"> Total operating revenues</td> <td valign="bottom"> </td> <td valign="bottom">$</td> <td valign="bottom" align="right">2,190</td> <td valign="bottom" nowrap="nowrap">  </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom" align="right">4,421</td> <td valign="bottom" nowrap="nowrap">  </td> <td valign="bottom"> </td> <td style="border-right: #000000 1px solid;" valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom" align="right">2,268</td> <td valign="bottom" nowrap="nowrap">  </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom" align="right">2,311</td> <td valign="bottom" nowrap="nowrap">  </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom" align="right">6,971</td> <td valign="bottom" nowrap="nowrap">  </td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom">  </td> <td> </td> <td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom">  </td> <td> </td> <td valign="bottom"> </td> <td style="border-right: #000000 1px solid;" valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom">  </td> <td> </td> <td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom">  </td> <td> </td> <td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom">  </td> <td> </td></tr></table> Affiliates and other services revenues include revenue from universal support funds which allows us to recover a portion of our costs under federal and state cost recovery mechanisms and certain surcharges to our customers, including billings for our required contributions to several USF programs. These surcharge billings to our customers are reflected on a gross basis in our statements of operations (included in both operating revenues and expenses). The table below presents the aggregate USF surcharges recognized on a gross basis:   <table style="border-collapse: collapse;" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr><td width="47%"> </td> <td valign="bottom" width="6%"> </td> <td> </td> <td> </td> <td> </td> <td valign="bottom" width="6%"> </td> <td> </td> <td> </td> <td> </td> <td valign="bottom" width="6%"> </td> <td> </td> <td valign="bottom" width="6%"> </td> <td> </td> <td> </td> <td> </td> <td valign="bottom" width="6%"> </td> <td> </td> <td> </td> <td> </td> <td valign="bottom" width="6%"> </td> <td> </td> <td> </td> <td> </td></tr> <tr><td valign="bottom"> </td> <td valign="bottom">  </td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="6" align="center">Successor</td> <td valign="bottom"> </td> <td valign="bottom">  </td> <td style="border-right: #000000 1px solid;" valign="bottom">  </td> <td valign="bottom">  </td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="10" align="center">Predecessor</td> <td valign="bottom"> </td></tr> <tr><td valign="bottom"> </td> <td valign="bottom">  </td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center">Three months ended September 30, 2011</td> <td valign="bottom"> </td> <td valign="bottom">  </td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center">Six months ended September 30, 2011</td> <td valign="bottom"> </td> <td valign="bottom">  </td> <td style="border-right: #000000 1px solid;" valign="bottom">  </td> <td valign="bottom">  </td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center">Three months ended March 31, 2011</td> <td valign="bottom"> </td> <td valign="bottom">  </td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center">Three months ended September 30, 2010</td> <td valign="bottom"> </td> <td valign="bottom">  </td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center">Nine months ended September 30, 2010</td> <td valign="bottom"> </td></tr> <tr><td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom" colspan="20" align="center">(Dollars in millions)</td> <td valign="bottom"> </td></tr> <tr bgcolor="#bcddf7"><td valign="top"> Taxes and surcharges included in operating revenues and expenses</td> <td valign="bottom">  </td> <td valign="bottom">$</td> <td valign="bottom" align="right">39</td> <td valign="bottom" nowrap="nowrap">  </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">80</td> <td valign="bottom" nowrap="nowrap">  </td> <td valign="bottom">  </td> <td style="border-right: #000000 1px solid;" valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">43</td> <td valign="bottom" nowrap="nowrap">  </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">45</td> <td valign="bottom" nowrap="nowrap">  </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">144</td> <td valign="bottom" nowrap="nowrap">  </td></tr></table>

1554000000

509000000

501000000

1032000000

458000000

-11034000000

11346000000

-417000000

-11790000000

11373000000

-831000000

-12256000000

11425000000

-1531000000

-12956000000

11425000000

9973000000

9709000000

-264000000

9973000000

EX-101.SCH 7 cik000068622-20110930.xsd XBRL TAXONOMY EXTENSION SCHEMA 00100 - Statement - Consolidated Statements Of Operations link:presentationLink link:calculationLink link:definitionLink 00200 - Statement - Consolidated Statements Of Comprehensive Income link:presentationLink link:calculationLink link:definitionLink 00300 - Statement - Consolidated Balance Sheets link:presentationLink link:calculationLink link:definitionLink 00400 - Statement - Consolidated Statements Of Cash Flows link:presentationLink link:calculationLink link:definitionLink 00090 - Document - Document And Entity Information link:presentationLink link:calculationLink link:definitionLink 00305 - Statement - Consolidated Balance Sheets (Parenthetical) link:presentationLink link:calculationLink link:definitionLink 00405 - Statement - Consolidated Statements Of Cash Flows (Parenthetical) link:presentationLink link:calculationLink link:definitionLink 00500 - Statement - Consolidated Statements Of Stockholder's Equity (Deficit) link:presentationLink link:calculationLink link:definitionLink 10101 - Disclosure - Basis Of Presentation link:presentationLink link:calculationLink link:definitionLink 10201 - Disclosure - Acquisition Of QCII By CenturyLink link:presentationLink link:calculationLink link:definitionLink 10301 - Disclosure - Goodwill, Customer Relationships And Other Intangible Assets link:presentationLink link:calculationLink link:definitionLink 10401 - Disclosure - Long-Term Debt link:presentationLink link:calculationLink link:definitionLink 10501 - Disclosure - Severance link:presentationLink link:calculationLink link:definitionLink 10601 - Disclosure - Fair Value Disclosure link:presentationLink link:calculationLink link:definitionLink 10701 - Disclosure - Income Taxes link:presentationLink link:calculationLink link:definitionLink 10801 - Disclosure - Products And Services Revenues link:presentationLink link:calculationLink link:definitionLink 10901 - Disclosure - Commitments And Contingencies link:presentationLink link:calculationLink link:definitionLink EX-101.CAL 8 cik000068622-20110930_cal.xml XBRL TAXONOMY EXTENSION CALCULATION LINKBASE EX-101.DEF 9 cik000068622-20110930_def.xml XBRL TAXONOMY EXTENSION DEFINITION LINKBASE EX-101.LAB 10 cik000068622-20110930_lab.xml XBRL TAXONOMY EXTENSION LABEL LINKBASE Document and Entity Information[Abstract] Document And Entity Information [Abstract] Statement [Table] Statement [Line Items] Document Type Amendment Flag Document Period End Date Document Fiscal Period Focus Document Fiscal Year Focus Entity Registrant Name Entity Central Index Key Current Fiscal Year End Date Entity Filer Category Entity Common Stock, Shares Outstanding Consolidated Statements Of Operations [Abstract] Sales Revenue, Services, Net [Abstract] OPERATING REVENUES Sales Revenue Net Operating revenues Total operating revenues Revenue from Related Parties Operating revenues-affiliates Revenues Total operating revenues Operating revenues Costs and Expenses [Abstract] OPERATING EXPENSES Cost of services and Products (Exclusive of depreciation and Amortization) Cost of services and products (exclusive of depreciation and amortization) Cost of Goods and Services Sold, Total Selling, General and Administrative Expense Selling, General and Administrative Expense, Total Selling, general and administrative Affiliate Costs Operating expenses-affiliates CostsAndExpensesRelatedParty Depreciation, Depletion and Amortization, Nonproduction Depreciation and amortization Depreciation and amortization Depreciation, Depletion and Amortization, Nonproduction, Total Depreciation and amortization Operating Expenses Total operating expenses Operating Income (Loss) OPERATING INCOME Nonoperating Income (Expense) [Abstract] OTHER INCOME (EXPENSE) Interest Expense Interest expense Interest Expense, Total Interest expense, net Other Nonoperating Income (Expense) Other income (expense), net Other (expense) income, net Other Nonoperating Income (Expense), Total Other income Nonoperating Income (Expense) Total other income (expense), net Total other income (expense) Income (Loss) from Continuing Operations before Income Taxes, Extraordinary Items, Noncontrolling Interest INCOME BEFORE INCOME TAX EXPENSE Income Tax Expense (Benefit) Income Tax Expense (Benefit), Total Income tax expense Net Income (Loss) Attributable to Parent Net income NET INCOME NET INCOME Consolidated Statements Of Comprehensive Income [Abstract] Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent [Abstract] OTHER COMPREHENSIVE INCOME Other Comprehensive Income (Loss), Unrealized Holding Gain (Loss) on Securities Arising During Period, Net of Tax Unrealized gain on investments and other, net of tax Unrealized gain on investments and other, net of tax Other Comprehensive Income (Loss), Net of Tax Change in other comprehensive income (loss), net of tax Other comprehensive income Comprehensive Income (Loss), Net of Tax, Attributable to Parent COMPREHENSIVE INCOME Consolidated Balance Sheets [Abstract] Assets [Abstract] ASSETS Cash and Cash Equivalents, at Carrying Value Cash and cash equivalents at end of period Cash and cash equivalents at beginning of period Cash and Cash Equivalents, at Carrying Value, Total Cash and cash equivalents Accounts Receivable, Net, Current Accounts receivable, less allowance of $16 and $48 Accounts Receivable, Net, Current, Total Accounts receivable, less allowance of $31 and $48 Due from Related Parties, Current Accounts receivable-affiliates, net Due from Related Parties, Current, Total Short-term affiliate loans Deferred Tax Assets, Net, Current Deferred Tax Assets, Net, Current, Ending Balance Deferred Tax Assets, Net, Current, Beginning Balance Deferred income tax asset Deferred Tax Assets, Net, Current, Total Deferred income tax asset Other Assets, Current Other Assets, Current Total current assets Property, Plant and Equipment, Net [Abstract] NET PROPERTY, PLANT AND EQUIPMENT Property, Plant and Equipment, Gross Property, Plant and Equipment, Gross, Ending Balance Property, Plant and Equipment, Gross, Beginning Balance Property, Plant and Equipment, Gross, Total Property, plant and equipment Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment Accumulated depreciation Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment, Ending Balance Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment, Beginning Balance Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment, Total Accumulated depreciation Property, Plant and Equipment, Net Property, Plant and Equipment, Net, Ending Balance Property, Plant and Equipment, Net, Beginning Balance Net property, plant and equipment Net property, plant and equipment Goodwill and other assets [abstract] Goodwill and Other Assets [Abstract] GOODWILL AND OTHER ASSETS Goodwill Goodwill, Ending Balance Goodwill, Beginning Balance Goodwill, Total Other Intangible Assets, Net Customer relationships, net Customer relationships, net Capitalized Computer Software, Net Capitalized Computer Software, Net, Ending Balance Capitalized Computer Software, Net, Beginning Balance Capitalized Computer Software, Net, Total Capitalized software, net Other Assets, Noncurrent Other Assets, Noncurrent, Total Other Goodwill and other assets. Goodwill and Other Assets, Total goodwill and other assets Total goodwill and other assets Assets TOTAL ASSETS Liabilities and Equity [Abstract] LIABILITIES AND STOCKHOLDER'S EQUITY (DEFICIT) Long-term Debt, Current Maturities Long-term Debt, Current Maturities, Total Current maturities of long-term debt Accounts Payable, Current Accounts Payable, Current, Total Accounts payable Due to Affiliate, Current Accounts payable-affiliates, net Accounts payable-affiliates, net Dividends Payable, Current Dividends payable-Qwest Services Corporation Accounts Payable and Accrued Liabilities, Current [Abstract] Accrued expenses and other liabilities Employee-related Liabilities, Current Employee-related Liabilities, Current, Total Salaries and benefits Accrual for Taxes Other than Income Taxes, Current Other taxes Interest Payable, Current Interest Other Accrued Liabilities, Current Other Deferred Revenue, Advance Billings and Customer Deposits, Current Advance billings and customer deposits Deferred Revenue and Credits, Current, Total Advance billings and customer deposits Liabilities, Current Total current liabilities Long-term Debt, Excluding Current Maturities LONG-TERM DEBT Long-term Debt, Excluding Current Maturities, Total Deferred Revenue and Credits, Noncurrent [Abstract] DEFERRED CREDITS AND OTHER LIABILITIES Deferred Tax Liabilities, Noncurrent Deferred income taxes Defined Benefit Pension Plan, Liabilities, Noncurrent Benefit plan obligations-affiliates, net Pension and Other Postretirement Defined Benefit Plans, Liabilities, Noncurrent, Total Affiliates obligations, net Deferred Revenue and Credits, Noncurrent Other Total deferred credits and other liabilities Other Liabilities, Other than Long-term Debt, Noncurrent Total deferred credits and other liabilities Commitment and Contingencies COMMITMENTS AND CONTINGENCIES (Note 9) COMMITMENTS AND CONTINGENCIES (Note 9) Stockholders' Equity Attributable to Parent [Abstract] STOCKHOLDER'S EQUITY (DEFICIT ) Common Stock, Value, Issued Common Stock, Value, Issued, Ending Balance Common Stock, Value, Issued, Beginning Balance Common Stock, Value, Issued, Total Common stock-one share without par value, owned by Qwest Services Corporation Retained Earnings (Accumulated Deficit) Accumulated deficit Retained Earnings (Accumulated Deficit), Ending Balance Retained Earnings (Accumulated Deficit), Beginning Balance Retained earnings (accumulated deficit) Retained Earnings (Accumulated Deficit), Total Accumulated deficit Stockholders' Equity Attributable to Parent Balance at end of period Balance at beginning of period TOTAL STOCKHOLDER'S (DEFICIT) EQUITY Total stockholder's equity (deficit) Liabilities and Equity TOTAL LIABILITIES AND STOCKHOLDER'S EQUITY (DEFICIT) Allowance for Doubtful Accounts Receivable, Current Allowance for Doubtful Accounts Receivable, Current, Ending Balance Allowance for Doubtful Accounts Receivable, Current, Beginning Balance Accounts receivable, allowance Common Stock, Shares, Outstanding Common Stock, Shares, Outstanding, Ending Balance Common Stock, Shares, Outstanding, Beginning Balance Common stock, shares outstanding Common Stock, No Par Value Common stock, no par value Consolidated Statements Of Cash Flows [Abstract] OPERATING ACTIVITIES Adjustments, Noncash Items, to Reconcile Net Income (Loss) to Cash Provided by (Used in) Operating Activities [Abstract] Adjustments to reconcile net income to net cash provided by operating activities: Deferred Income Tax Expense (Benefit) Deferred income taxes Deferred Income Tax Expense (Benefit), Total Provision for Doubtful Accounts Provision for uncollectible accounts Increase (Decrease) in Operating Capital [Abstract] Changes in current assets and current liabilities: Increase (Decrease) in Accounts Receivable Accounts receivables Receivables Increase (Decrease) in Accounts Payable Accounts payable Increase (Decrease) in Accounts Payable, Total Increase decrease in affiliates receivables or payable, net Increase Decrease in Affiliates Receivables or Payable, Net Accounts receivable or payable-affiliates, net Affiliates receivables or payable, net Increase (Decrease) in Accrued Taxes Payable Accrued income and other taxes Increase (Decrease) in Accrued Taxes Payable, Total Accrued income and other taxes Increase (Decrease) in Other Operating Assets and Liabilities, Net Other current assets and other current liabilities, net Other current assets and other current liabilities, net including affiliates Increase (Decrease) in Other Operating Assets and Liabilities, Net, Total Other current assets and other current liabilities, net including affiliates Increase decrease in changes in other noncurrent assets and liabilities Increase Decrease in Changes in Other Noncurrent Assets and Liabilities Changes in other noncurrent assets and liabilities Changes in other noncurrent assets and liabilities Increase decrease in changes in other noncurrent assets and liabilities-affiliates Increase Decrease in Changes in Other Noncurrent Assets and Liabilities-Affiliates Changes in other noncurrent assets and liabilities-affiliates Changes in other noncurrent assets and liabilities-affiliates Amortization of Financing Costs and Discounts (Premium) discount amortization Amortization of Financing Costs and Discounts, Total Increase (Decrease) in Other Operating Liabilities Other, net Increase (Decrease) in Other Operating Liabilities, Total Net Cash Provided by (Used in) Operating Activities Net cash provided by operating activities Net Cash Provided by (Used in) Investing Activities [Abstract] INVESTING ACTIVITIES Payments to Acquire Property, Plant, and Equipment Payments for property, plant and equipment and capitalized software Payments for property, plant and equipment Payments to Acquire Property, Plant, and Equipment, Total Payments for property, plant and equipment Payments for (Proceeds from) Investments Changes in interest in investments managed by Qwest Services Corporation Payments for (Proceeds from) Investments, Total short-term affiliate loans. Payments for (Proceeds from) Short-Term Affiliate Loans Changes in short-term affiliate loans Changes in short-term affiliate loans Payments for (Proceeds from) Other Investing Activities Other, net Other Net Cash Provided by (Used in) Investing Activities Net cash used in investing activities Net Cash Provided by (Used in) Financing Activities [Abstract] FINANCING ACTIVITIES Repayments of Long-term Debt Payments of long-term debt Payments of long-term debt Repayments of Long-term Debt, Total Proceeds from Issuance of Long-term Debt Proceeds from Issuance of Long-term Debt, Total Net proceeds from issuance of long-term debt Payments of Dividends Dividends paid to Qwest Services Corporation Dividends paid to Qwest Services Corporation Payments of Dividends, Total Proceeds from (Payments for) Other Financing Activities Other, net Other, net Net Cash Provided by (Used in) Financing Activities Net cash used in financing activities Cash and Cash Equivalents, Period Increase (Decrease) Net (decrease) increase in cash and cash equivalents Supplemental Cash Flow Information [Abstract] Supplemental cash flow information: Proceeds from Income Tax Refunds Income taxes (paid) refunded (to) from Qwest Services Corporation, net Income taxes (paid) refunded (to) from Qwest Services Corporation, net Interest Paid Interest paid (net of capitalized interest of $5, $3 and $8) Interest paid (net of capitalized interest of $5, $3 and $8) Interest Paid, Total Interest Paid, Capitalized Interest paid, capitalized Consolidated Statements Of Stockholder's Equity (Deficit) [Abstract] Statement, Equity Components [Axis] Equity Component [Domain] Parent [Member] Common Stock [Member] Accumulated Deficit [Member] Asset transfers Asset Transfers Asset transfers Dividends, Common Stock, Cash Dividends declared Cash dividends declared Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent Change in other comprehensive income Net change in other comprehensive income (loss), net of tax Change in other comprehensive income Basis Of Presentation [Abstract] Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block] Basis Of Presentation Basis Of Presentation Acquisition Of QCII By CenturyLink [Abstract] Business Combination Disclosure [Text Block] Acquisition Of QCII By CenturyLink CenturyLink's Acquisition of QCII Goodwill, Customer Relationships And Other Intangible Assets [Abstract] Goodwill and Other Intangible Assets. Goodwill, Customer Relationships And Other Intangible Assets Long-Term Debt [Abstract] Long-term Debt [Text Block] Long-Term Debt Severance [Abstract] Severance [Abstract] Severance Disclosure [Text Block] Severance Disclosure [Text Block] Severance Fair Value Disclosure [Abstract] Fair Value Disclosures [Text Block] Fair Value Disclosure Income Taxes [Abstract] Income Tax Disclosure [Text Block] Income Taxes Products And Services Revenues [Abstract] Segment Reporting Disclosure [Text Block] Products And Services Revenues Products And Services Revenues Commitments And Contingencies [Abstract] Commitments and Contingencies Disclosure [Text Block] Commitments And Contingencies Statement, Scenario [Axis] Scenario, Unspecified [Domain] Successor [Member] Predecessor [Member] EX-101.PRE 11 cik000068622-20110930_pre.xml XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE XML 12 R3.htm IDEA: XBRL DOCUMENT

Consolidated Statements Of Comprehensive Income (USD $) In Millions	3 Months Ended	6 Months Ended	3 Months Ended		9 Months Ended
	Sep. 30, 2011 Successor [Member]	Sep. 30, 2011 Successor [Member]	Mar. 31, 2011 Predecessor [Member]	Sep. 30, 2010 Predecessor [Member]	Sep. 30, 2010 Predecessor [Member]
NET INCOME	$ 199	$ 364	$ 299	$ 286	$ 842
OTHER COMPREHENSIVE INCOME
Unrealized gain on investments and other, net of tax			1		2
Other comprehensive income			1		2
COMPREHENSIVE INCOME	$ 199	$ 364	$ 300	$ 286	$ 844

- Definition

The change in equity [net assets] of a business enterprise during a period from transactions and other events and circumstances from non-owner sources which are attributable to the reporting entity. It includes all changes in equity during a period except those resulting from investments by owners and distributions to owners, but excludes any and all transactions which are directly or indirectly attributable to that ownership interest in subsidiary equity which is not attributable to the parent.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 220

-SubTopic 10

-Section 45

-Paragraph 3

-URI http://asc.fasb.org/extlink&oid=6920043&loc=d3e540-108580

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher AICPA

-Name Accounting Research Bulletin (ARB)

-Number 51

-Paragraph 30

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher AICPA

-Name Accounting Research Bulletin (ARB)

-Number 51

-Paragraph A5

-Appendix A

Reference 4: http://www.xbrl.org/2003/role/presentationRef

-Publisher AICPA

-Name Accounting Research Bulletin (ARB)

-Number 51

-Paragraph 38

-Subparagraph c(3)

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 5: http://www.xbrl.org/2003/role/presentationRef

-Publisher AICPA

-Name Accounting Research Bulletin (ARB)

-Number 51

-Paragraph 8, 9, 10, 11, 12, 13, 14

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 6: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Glossary Comprehensive Income

-URI http://asc.fasb.org/extlink&oid=6508144

Reference 7: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Glossary Net Income

-URI http://asc.fasb.org/extlink&oid=6518256

Reference 8: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 220

-SubTopic 10

-Section 45

-Paragraph 5

-URI http://asc.fasb.org/extlink&oid=6920043&loc=d3e557-108580

Reference 9: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Glossary Other Comprehensive Income

-URI http://asc.fasb.org/extlink&oid=6519514

+ Details

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 944

-SubTopic 225

-Section S99

-Paragraph 1

-Subparagraph (SX 210.7-04.22)

-URI http://asc.fasb.org/extlink&oid=6879464&loc=d3e573970-122913

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 230

-SubTopic 10

-Section 45

-Paragraph 28

-URI http://asc.fasb.org/extlink&oid=6943989&loc=d3e3602-108585

Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 225

-SubTopic 10

-Section S99

-Paragraph 2

-Subparagraph (SX 210.5-03.18)

-URI http://asc.fasb.org/extlink&oid=6880815&loc=d3e20235-122688

Reference 4: http://www.xbrl.org/2003/role/presentationRef

-Publisher AICPA

-Name Accounting Research Bulletin (ARB)

-Number 51

-Paragraph 38

-Subparagraph a

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 5: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 260

-SubTopic 10

-Section 50

-Paragraph 1

-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

Reference 6: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 220

-SubTopic 10

-Section 45

-Paragraph 6

-URI http://asc.fasb.org/extlink&oid=6920043&loc=d3e565-108580

Reference 7: http://www.xbrl.org/2003/role/presentationRef

-Publisher AICPA

-Name Accounting Research Bulletin (ARB)

-Number 51

-Paragraph A7

-Appendix A

Reference 8: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 130

-Paragraph 10, 15

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 9: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Glossary Other Comprehensive Income

-URI http://asc.fasb.org/extlink&oid=6519514

Reference 10: http://www.xbrl.org/2003/role/presentationRef

-Publisher AICPA

-Name Accounting Research Bulletin (ARB)

-Number 51

-Paragraph 38

-Subparagraph d

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 11: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Emerging Issues Task Force (EITF)

-Number 87-21

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 12: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Glossary Net Income

-URI http://asc.fasb.org/extlink&oid=6518256

Reference 13: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 944

-SubTopic 225

-Section S99

-Paragraph 1

-Subparagraph (SX 210.7-04.19)

-URI http://asc.fasb.org/extlink&oid=6879464&loc=d3e573970-122913

Reference 14: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Article 5

-Section 03

-Paragraph 19

Reference 15: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 95

-Paragraph 28, 29, 30

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 16: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 04

-Paragraph 20

-Article 9

+ Details

- Definition

This element represents Other Comprehensive Income or Loss, Net of Tax, for the period. Includes deferred gains or losses on qualifying hedges, unrealized holding gains or losses on available-for-sale securities, minimum pension liability, and cumulative translation adjustment. While for technical reasons this element has no balance attribute, the default assumption is a credit balance consistent with its label.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 130

-Paragraph 22, 23, 24, 25

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 505

-SubTopic 10

-Section 50

-Paragraph 2

-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21463-112644

Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher AICPA

-Name Accounting Principles Board Opinion (APB)

-Number 12

-Paragraph 10

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 4: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 220

-SubTopic 10

-Section 45

-Paragraph 8

-URI http://asc.fasb.org/extlink&oid=6920043&loc=d3e599-108580

Reference 5: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 02

-Paragraph 31

-Article 5

Reference 6: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 04

-Article 3

Reference 7: http://www.xbrl.org/2003/role/presentationRef

-Publisher AICPA

-Name Accounting Research Bulletin (ARB)

-Number 51

-Paragraph 38

-Subparagraph c(3)

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

+ Details

- Definition

Appreciation or loss in value (before reclassification adjustment) of the total of unsold securities during the period being reported on, net of tax. Reclassification adjustments include: (1) the unrealized holding gain (loss), net of tax, at the date of the transfer for a debt security from the held-to-maturity category transferred into the available-for-sale category. Also includes the unrealized gain (loss) at the date of transfer for a debt security from the available-for-sale category transferred into the held-to-maturity category; (2) the unrealized gains (losses) realized upon the sale of securities, after tax; and (3) the unrealized gains (losses) realized upon the write-down of securities, after tax.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 220

-SubTopic 10

-Section 45

-Paragraph 11

-URI http://asc.fasb.org/extlink&oid=6920043&loc=d3e637-108580

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 220

-SubTopic 10

-Section 45

-Paragraph 13

-URI http://asc.fasb.org/extlink&oid=6920043&loc=d3e653-108580

Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 115

-Paragraph 13

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 4: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 220

-SubTopic 10

-Section 55

-Paragraph 2

-Subparagraph (e)

-URI http://asc.fasb.org/extlink&oid=6920433&loc=d3e998-108581

Reference 5: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 130

-Paragraph 24

-Subparagraph b

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 6: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 130

-Paragraph 17, 22

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 7: http://www.xbrl.org/2003/role/presentationRef

-Publisher AICPA

-Name Accounting Research Bulletin (ARB)

-Number 51

-Paragraph 38

-Subparagraph c(3)

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

+ Details

XML 13 R4.htm IDEA: XBRL DOCUMENT

Consolidated Balance Sheets (USD $) In Millions	Sep. 30, 2011 Successor [Member]	Dec. 31, 2010 Predecessor [Member]
ASSETS
Cash and cash equivalents	$ 7	$ 192
Accounts receivable, less allowance of $31 and $48	692	720
Short-term affiliate loans	807
Deferred income tax asset	154	159
Other	102	181
Total current assets	1,762	1,252
NET PROPERTY, PLANT AND EQUIPMENT
Property, plant and equipment	8,003	44,205
Accumulated depreciation	(609)	(34,045)
Net property, plant and equipment	7,394	10,160
GOODWILL AND OTHER ASSETS
Goodwill	9,282
Customer relationships, net	5,651
Capitalized software, net	1,541	888
Other	195	270
Total goodwill and other assets	16,669	1,158
TOTAL ASSETS	25,825	12,570
LIABILITIES AND STOCKHOLDER'S EQUITY (DEFICIT)
Current maturities of long-term debt	625	871
Accounts payable	678	679
Accounts payable-affiliates, net	160	205
Dividends payable-Qwest Services Corporation	510	140
Accrued expenses and other liabilities
Salaries and benefits	292	326
Other taxes	235	193
Interest	123	126
Other	48	44
Advance billings and customer deposits	252	372
Total current liabilities	2,923	2,956
LONG-TERM DEBT	8,326	7,141
DEFERRED CREDITS AND OTHER LIABILITIES
Deferred income taxes	2,969	1,327
Affiliates obligations, net	1,583	1,602
Other	315	375
Total deferred credits and other liabilities	4,867	3,304
COMMITMENTS AND CONTINGENCIES (Note 9)
STOCKHOLDER'S EQUITY (DEFICIT )
Common stock-one share without par value, owned by Qwest Services Corporation	9,973	11,425
Accumulated deficit	(264)	(12,256)
Total stockholder's equity (deficit)	9,709	(831)
TOTAL LIABILITIES AND STOCKHOLDER'S EQUITY (DEFICIT)	$ 25,825	$ 12,570

XML 14 R1.htm IDEA: XBRL DOCUMENT

Document And Entity Information	9 Months Ended
Document And Entity Information	Sep. 30, 2011	Nov. 04, 2011
Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Sep. 30, 2011
Document Fiscal Period Focus	Q3
Document Fiscal Year Focus	2011
Entity Registrant Name	QWEST CORP
Entity Central Index Key	0000068622
Current Fiscal Year End Date	--12-31
Entity Filer Category	Non-accelerated Filer
Entity Common Stock, Shares Outstanding		1

XML 15 Show.js IDEA: XBRL DOCUMENT /** * Rivet Software Inc. * * @copyright Copyright (c) 2006-2011 Rivet Software, Inc. All rights reserved. * Version 2.1.0.1 * */ var moreDialog = null; var Show = { Default:'raw', more:function( obj ){ var bClosed = false; if( moreDialog != null ) { try { bClosed = moreDialog.closed; } catch(e) { //Per article at http://support.microsoft.com/kb/244375 there is a problem with the WebBrowser control // that somtimes causes it to throw when checking the closed property on a child window that has been //closed. So if the exception occurs we assume the window is closed and move on from there. bClosed = true; } if( !bClosed ){ moreDialog.close(); } } obj = obj.parentNode.getElementsByTagName( 'pre' )[0]; var hasHtmlTag = false; var objHtml = ''; var raw = ''; //Check for raw HTML var nodes = obj.getElementsByTagName( '*' ); if( nodes.length ){ objHtml = obj.innerHTML; }else{ if( obj.innerText ){ raw = obj.innerText; }else{ raw = obj.textContent; } var matches = raw.match( /<\/?[a-zA-Z]{1}\w*[^>]*>/g ); if( matches && matches.length ){ objHtml = raw; //If there is an html node it will be 1st or 2nd, // but we can check a little further. var n = Math.min( 5, matches.length ); for( var i = 0; i < n; i++ ){ var el = matches[ i ].toString().toLowerCase(); if( el.indexOf( '= 0 ){ hasHtmlTag = true; break; } } } } if( objHtml.length ){ var html = ''; if( hasHtmlTag ){ html = objHtml; }else{ html = ''+ "\n"+''+ "\n"+' Report Preview Details'+ "\n"+' '+ "\n"+''+ "\n"+''+ objHtml + "\n"+''+ "\n"+''; } moreDialog = window.open("","More","width=700,height=650,status=0,resizable=yes,menubar=no,toolbar=no,scrollbars=yes"); moreDialog.document.write( html ); moreDialog.document.close(); if( !hasHtmlTag ){ moreDialog.document.body.style.margin = '0.5em'; } } else { //default view logic var lines = raw.split( "\n" ); var longest = 0; if( lines.length > 0 ){ for( var p = 0; p < lines.length; p++ ){ longest = Math.max( longest, lines[p].length ); } } //Decide on the default view this.Default = longest < 120 ? 'raw' : 'formatted'; //Build formatted view var text = raw.split( "\n\n" ) >= raw.split( "\r\n\r\n" ) ? raw.split( "\n\n" ) : raw.split( "\r\n\r\n" ) ; var formatted = ''; if( text.length > 0 ){ if( text.length == 1 ){ text = raw.split( "\n" ) >= raw.split( "\r\n" ) ? raw.split( "\n" ) : raw.split( "\r\n" ) ; formatted = "

"+ text.join( "

\n" ) +"

"; }else{ for( var p = 0; p < text.length; p++ ){ formatted += "

" + text[p] + "

\n"; } } }else{ formatted = '

' + raw + '

'; } html = ''+ "\n"+''+ "\n"+' Report Preview Details'+ "\n"+' '+ "\n"+''+ "\n"+''+ "\n"+' '+ "\n"+' '+ "\n"+' '+ "\n"+' '+ "\n"+' '+ "\n"+' '+ "\n"+' '+ "\n"+' '+ "\n"+' '+ "\n"+' '+ "\n"+'

'+ "\n"+' formatted: '+ ( this.Default == 'raw' ? 'as Filed' : 'with Text Wrapped' ) +''+ "\n"+'

'+ "\n"+' '+ "\n"+'

'+ "\n"+'

'+raw+'

'+ "\n"+'

'+ "\n"+''+ "\n"+''; moreDialog = window.open("","More","width=700,height=650,status=0,resizable=yes,menubar=no,toolbar=no,scrollbars=yes"); moreDialog.document.write(html); moreDialog.document.close(); this.toggle( moreDialog ); } moreDialog.document.title = 'Report Preview Details'; }, toggle:function( win, domLink ){ var domId = this.Default; var doc = win.document; var domEl = doc.getElementById( domId ); domEl.style.display = 'block'; this.Default = domId == 'raw' ? 'formatted' : 'raw'; if( domLink ){ domLink.innerHTML = this.Default == 'raw' ? 'with Text Wrapped' : 'as Filed'; } var domElOpposite = doc.getElementById( this.Default ); domElOpposite.style.display = 'none'; }, LastAR : null, showAR : function ( link, id, win ){ if( Show.LastAR ){ Show.hideAR(); } var ref = link; do { ref = ref.nextSibling; } while (ref && ref.nodeName != 'TABLE'); if (!ref || ref.nodeName != 'TABLE') { var tmp = win ? win.document.getElementById(id) : document.getElementById(id); if( tmp ){ ref = tmp.cloneNode(true); ref.id = ''; link.parentNode.appendChild(ref); } } if( ref ){ ref.style.display = 'block'; Show.LastAR = ref; } }, toggleNext : function( link ){ var ref = link; do{ ref = ref.nextSibling; }while( ref.nodeName != 'DIV' ); if( ref.style && ref.style.display && ref.style.display == 'none' ){ ref.style.display = 'block'; if( link.textContent ){ link.textContent = link.textContent.replace( '+', '-' ); }else{ link.innerText = link.innerText.replace( '+', '-' ); } }else{ ref.style.display = 'none'; if( link.textContent ){ link.textContent = link.textContent.replace( '-', '+' ); }else{ link.innerText = link.innerText.replace( '-', '+' ); } } }, hideAR : function(){ Show.LastAR.style.display = 'none'; } } XML 16 R12.htm IDEA: XBRL DOCUMENT

Long-Term Debt

9 Months Ended

Sep. 30, 2011

Long-Term Debt [Abstract]

Long-Term Debt

(4) Long-term Debt

On September 21, 2011, we issued $575 million aggregate principal amount of our 7.50% Notes due 2051 in exchange for net proceeds, after deducting underwriting discounts and expenses, of $557 million. The notes are our senior unsecured obligations and may be redeemed, in whole or in part, on or after September 15, 2016 at a redemption price equal to 100% of the principal amount redeemed plus accrued and unpaid interest to the redemption date. As described below under "Subsequent Events," in October 2011, we used the net proceeds of this issuance, together with net proceeds from a debt issuance on October 4, 2011 and available cash, to redeem the $1.500 billion aggregate principal amount of our 8.875% Notes due 2012.

Until April 1, 2011, QCII had a revolving credit facility, which made available to us $1.035 billion of additional credit subject to certain restrictions. That credit facility was terminated in conjunction with the CenturyLink acquisition. In January 2011, CenturyLink entered into a new four-year revolving credit facility with various lenders (the "Credit Facility") that allows CenturyLink to borrow up to $1.700 billion for the general corporate purposes of itself and its subsidiaries. Up to $400 million of the Credit Facility can be used for letters of credit, which reduce the amount available for other extensions of credit. Interest is assessed on borrowings using the London Interbank Offered Rate ("LIBOR") plus an applicable margin between 0.5% and 2.5% per annum depending on the type of loan and CenturyLink's then-current senior unsecured long-term debt rating. At September 30, 2011, CenturyLink had no borrowings and an immaterial amount of letters of credit outstanding under the Credit Facility.

At September 30, 2011, we were in compliance with the provisions and covenants contained in our debt agreements.

Subsequent Events

XML 17 R17.htm IDEA: XBRL DOCUMENT

Commitments And Contingencies

9 Months Ended

Sep. 30, 2011

Commitments And Contingencies [Abstract]

Commitments And Contingencies

(9) Commitments and Contingencies

CenturyLink and QCII are involved in several legal proceedings to which we are not a party that, if resolved against them, could have a material adverse effect on their business and financial condition. As a wholly owned subsidiary of CenturyLink and QCII, our business and financial condition could be similarly affected. You can find descriptions of these legal proceedings in CenturyLink's and QCII's quarterly and annual reports filed with the SEC. Because we are not a party to any of the matters, we have not accrued any liabilities for these matters.

- Definition

The entire disclosure for commitments and contingencies.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 450

-SubTopic 20

-Section 50

-Paragraph 4

-URI http://asc.fasb.org/extlink&oid=6952336&loc=d3e14435-108349

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 460

-SubTopic 10

-Section 50

-Paragraph 8

-URI http://asc.fasb.org/extlink&oid=6398077&loc=d3e12565-110249

Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name FASB Interpretation (FIN)

-Number 14

-Paragraph 3

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 4: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 440

-SubTopic 10

-Section 50

-Paragraph 2

-URI http://asc.fasb.org/extlink&oid=6394976&loc=d3e25287-109308

Reference 5: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 5

-Paragraph 9, 10, 11, 12

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 6: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 210

-SubTopic 10

-Section S99

-Paragraph 1

-Subparagraph (SX 210.5-02.25)

-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 7: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 825

-SubTopic 20

-Section 50

-Paragraph 1

-URI http://asc.fasb.org/extlink&oid=6449706&loc=d3e16207-108621

+ Details

XML 18 R8.htm IDEA: XBRL DOCUMENT

Consolidated Statements Of Stockholder's Equity (Deficit) (USD $) In Millions	Common Stock [Member] Successor [Member]	Common Stock [Member] Predecessor [Member]	Accumulated Deficit [Member] Successor [Member]	Accumulated Deficit [Member] Predecessor [Member]	Successor [Member]	Predecessor [Member]
Balance at beginning of period at Dec. 31, 2009		$ 11,346		$ (11,034)
Asset transfers		27
Net income				842		842
Dividends declared				(1,600)
Change in other comprehensive income				2
Balance at end of period at Sep. 30, 2010		11,373		(11,790)		(417)
Balance at beginning of period at Jun. 30, 2010
Net income						286
Balance at end of period at Sep. 30, 2010						(417)
Balance at beginning of period at Dec. 31, 2010		11,425		(12,256)		(831)
Net income				299		299
Dividends declared				(1,000)
Change in other comprehensive income				1
Balance at end of period at Mar. 31, 2011	9,973	11,425		(12,956)		(1,531)
Net income			364		364
Dividends declared			(628)
Balance at end of period at Sep. 30, 2011	9,973		(264)		9,709
Balance at beginning of period at Jun. 30, 2011
Net income					199
Balance at end of period at Sep. 30, 2011	$ 9,973				$ 9,709

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References

+ Details

- Definition

This element represents Other Comprehensive Income or Loss, Net of Tax, for the period attributable to the parent entity. Includes deferred gains or losses on qualifying hedges, unrealized holding gains or losses on available-for-sale securities, minimum pension liability, and cumulative translation adjustment.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 810

-SubTopic 10

-Section 45

-Paragraph 19

-URI http://asc.fasb.org/extlink&oid=6921628&loc=SL4569616-111683

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 810

-SubTopic 10

-Section 50

-Paragraph 1A

-Subparagraph (c)(3)

-URI http://asc.fasb.org/extlink&oid=6921930&loc=SL4573702-111684

Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher AICPA

-Name Accounting Research Bulletin (ARB)

-Number 51

-Paragraph 30

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 4: http://www.xbrl.org/2003/role/presentationRef

-Publisher AICPA

-Name Accounting Research Bulletin (ARB)

-Number 51

-Paragraph 38

-Subparagraph c(3)

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 5: http://www.xbrl.org/2003/role/presentationRef

-Publisher AICPA

-Name Accounting Research Bulletin (ARB)

-Number 51

-Paragraph 29

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 6: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 810

-SubTopic 10

-Section 45

-Paragraph 20

-URI http://asc.fasb.org/extlink&oid=6921628&loc=SL4569643-111683

+ Details

XML 19 R14.htm IDEA: XBRL DOCUMENT

Fair Value Disclosure

9 Months Ended

Sep. 30, 2011

Fair Value Disclosure [Abstract]

Fair Value Disclosure

(6) Fair Value Disclosure

The three input levels in the hierarchy of fair value measurements are defined by the FASB generally as follows:


Input Level		Description of Input
Level 1		Observable inputs such as quoted market prices in active markets.
Level 2		Inputs other than quoted prices in active markets that are either directly or indirectly observable.
Level 3		Unobservable inputs in which little or no market data exists.


	Input Level		Successor September 30, 2011				Predecessor December 31, 2010
	Input Level		Carrying Amount		Fair Value		Carrying Amount		Fair Value
			(Dollars in millions)
Assets—Investment securities		3	$	—		—		52		52
Liabilities—Long-term debt excluding capital lease obligations		2	$	8,788		8,506		7,828		8,482


	Auction Rate Securities
	(Dollars in millions)
Balance at December 31, 2010 (Predecessor)	$	52
Dispositions and settlements		(4)
Included in other income (expense)		1

Balance at March 31, 2011 (Predecessor)	$	49



Fair value adjustment		(7)

Balance at April 1, 2011 (Successor)		42

Assignments to CenturyLink		(42)

Balance at September 30, 2011 (Successor)	$	—

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 820

-SubTopic 10

-Section 50

-Paragraph 5

-URI http://asc.fasb.org/extlink&oid=6925170&loc=d3e19296-110258

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 159

-Paragraph 17-22, 27, 28

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 825

-SubTopic 10

-Section 50

-Paragraph 10

-URI http://asc.fasb.org/extlink&oid=6947722&loc=d3e13433-108611

Reference 4: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 107

-Paragraph 15C, 15D

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 5: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 825

-SubTopic 10

-Section 50

-Paragraph 28

-URI http://asc.fasb.org/extlink&oid=6957238&loc=d3e14064-108612

Reference 6: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 825

-SubTopic 10

-Section 50

-Paragraph 16

-URI http://asc.fasb.org/extlink&oid=6947722&loc=d3e13504-108611

Reference 7: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 107

-Paragraph 15A

-Subparagraph a-d

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 8: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 825

-SubTopic 10

-Section 50

-Paragraph 21

-URI http://asc.fasb.org/extlink&oid=6947722&loc=d3e13537-108611

Reference 9: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 133

-Paragraph 44A, 44B

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 10: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 820

-SubTopic 10

-Section 50

-Paragraph 2

-URI http://asc.fasb.org/extlink&oid=6925170&loc=d3e19207-110258

Reference 11: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 825

-SubTopic 10

-Section 50

-Paragraph 30

-URI http://asc.fasb.org/extlink&oid=6957238&loc=d3e14172-108612

Reference 12: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 107

-Paragraph 3, 10, 14, 15

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 13: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 107

-Paragraph 15B

-Subparagraph a, b

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 14: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 157

-Paragraph 32, 33, 34

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

+ Details

XML 20 R15.htm IDEA: XBRL DOCUMENT

Income Taxes

9 Months Ended

Sep. 30, 2011

Income Taxes [Abstract]

Income Taxes

(7) Income Taxes

In connection with CenturyLink's indirect acquisition of us on April 1, 2011, we recorded a $1.4 billion deferred tax liability under the acquisition method of accounting. Our preliminary acquisition date assignment of deferred income taxes are subject to adjustment as discussed in Note 2—Acquisition of QCII by CenturyLink.

- Definition

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 740

-SubTopic 10

-Section 50

-Paragraph 2

-URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32537-109319

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 109

-Paragraph 136, 172

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 109

-Paragraph 43, 44, 45, 46, 47, 48, 49

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 4: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 08

-Paragraph h

-Article 4

Reference 5: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 740

-SubTopic 10

-Section 50

-Paragraph 3

-URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32559-109319

Reference 6: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 740

-SubTopic 10

-Section 50

-Paragraph 9

-URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32639-109319

Reference 7: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 740

-SubTopic 10

-Section 50

-Paragraph 15

-URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32718-109319

Reference 8: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 235

-SubTopic 10

-Section S99

-Paragraph 1

-Subparagraph (SX 210.4-08.(h))

-URI http://asc.fasb.org/extlink&oid=6881521&loc=d3e23780-122690

+ Details

XML 21 R13.htm IDEA: XBRL DOCUMENT

Severance

9 Months Ended

Sep. 30, 2011

Severance [Abstract]

Severance

(5) Severance

Changes in our accrued severance liabilities for the successor six months ended September 30, 2011 and the predecessor three months ended March 31, 2011 were as follows:


	Severance
	(Dollars in millions)
Balance at December 31, 2010 (Predecessor)	$	28
Accrued to expense		2
Payments, net		(11)

Balance at March 31, 2011 (Predecessor)	$	19



Balance at April 1, 2011 (Successor)		19
Accrued to expense		100
Payments, net		(81)

Balance at September 30, 2011 (Successor)	$	38

XML 22 R6.htm IDEA: XBRL DOCUMENT

Consolidated Statements Of Cash Flows (USD $) In Millions	6 Months Ended	3 Months Ended	9 Months Ended
Consolidated Statements Of Cash Flows (USD $) In Millions	Sep. 30, 2011 Successor [Member]	Mar. 31, 2011 Predecessor [Member]	Sep. 30, 2010 Predecessor [Member]
OPERATING ACTIVITIES
Net income	$ 364	$ 299	$ 842
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	1,243	451	1,402
Deferred income taxes	167	76	55
Provision for uncollectible accounts	31	17	48
Changes in current assets and current liabilities:
Accounts receivables	(31)	18	(33)
Accounts payable	(13)	(20)	40
Accounts receivable or payable-affiliates, net	(141)	93	(157)
Accrued income and other taxes	(12)	50	12
Other current assets and other current liabilities, net	40	(89)	23
Changes in other noncurrent assets and liabilities	59	(36)	(11)
Changes in other noncurrent assets and liabilities-affiliates	(40)		7
(Premium) discount amortization	(108)	3	9
Other, net	16	7	(1)
Net cash provided by operating activities	1,575	869	2,236
INVESTING ACTIVITIES
Payments for property, plant and equipment and capitalized software	(638)	(341)	(919)
Changes in interest in investments managed by Qwest Services Corporation		4	29
Changes in short-term affiliate loans	(767)
Other, net	2	2	1
Net cash used in investing activities	(1,403)	(335)	(889)
FINANCING ACTIVITIES
Payments of long-term debt	(853)	(14)	(519)
Net proceeds from issuance of long-term debt	1,200
Dividends paid to Qwest Services Corporation	(700)	(530)	(1,500)
Other, net	(13)	19	2
Net cash used in financing activities	(366)	(525)	(2,017)
Net (decrease) increase in cash and cash equivalents	(194)	9	(670)
Cash and cash equivalents at beginning of period	201	192	1,014
Cash and cash equivalents at end of period	7	201	344
Supplemental cash flow information:
Income taxes (paid) refunded (to) from Qwest Services Corporation, net	(239)	116	(663)
Interest paid (net of capitalized interest of $5, $3 and $8)	$ (290)	$ (149)	$ (462)

ZIP 23 0001193125-11-301889-xbrl.zip IDEA: XBRL DOCUMENT begin 644 0001193125-11-301889-xbrl.zip M4$L#!!0````(`$%V:#]QQ/Z]Z4L``(5T`P`9`!P`8VEK,#`P,#8X-C(R+3(P M,3$P.3,P+GAM;%54"0`#Z8>Y3NF'N4YU>`L``00E#@``!#D!``#L/6MSVDBV MW[=J_X.6S>Z=5!D;`<;&X\R68\=;J/4&,R, MKVQ*`^/>'P:/!-[H]HWN/CX_'',L*7?38\MUF4_?V MG@AH'>K);J%J_.5:]^Q[%X9IGO1.VBW3-,S61;=WT>D97WY5)9\&W#$`04^\ M:Z1ZQ-?'/A]!K5;GA'DB()Y%&ZKDA<.\[RN*X^&\8EDOA"R$]?Z="0)+\(9A/ZKB&8 M.W&P=?ENS.GP74.35E*V&='P^$G8#>-$-8@"YGL!?0(1IE8`DBO%";Y8^C6S MWS6NQ+?/PV_];YW6-VSEFZ;RM_L`1!/UX\/O(0MFU[X[\3WX*:Z>F(A+P6O7 M]^X#W_K^*W4'E&?KWUO4(YSY<_7N0\NB0OA3)'^LL)A1[L%".D ML`:_*.7H-SNMRY/H7=1"JL[EB9:QH@7NR@*K'3IH-C\'8\JQ&*=C)-:4?@23 M[]):$"_6IE(MH,L$M/.M8]86L;:(:PIB* M'H9?JS#NXT!\<$)JMK64MFK36)O&-:2NU33;NY.ZVC;6MK$R*8W6T;5IK$WC M>D)7X.9-;1EKR[BW0AJ-WZU^;1IKT_B\U('(%3AKW%CJ:MM8V\8*I/0FY`2/ M`K]UO^F-GP>_/HSYX22VY+UQD$P>W``$>@^HVVR!Q"9OXX+4LU/%U*`?O7NA M8)LIP:ZW-W\\T2[=&"\*M[F><*M]T&*$NY6VVO4JK!;N M1+VJN<)K/ZM^929BYQ/^8ABV8JRH&79HNUHU M=T-KR_T#[`S6EOL'V26K&7W0.T:UG3Z@<)I5WI2U'NZ79V&AIPVU-\T/Y$U3 MT5CPIV;SGQ[+A#6'^`X%&#^:G5A@;#8%9B>=8[F[T*4@Y?X7)]'+A";Y]66S-]3S7>8M:U@&DE^(,>%4+&LYV\3E20H#52@/X7:, M\//=+6\ET\A28J3;`(X\A!.'+K($WG]PI$1F8M#3J0$NKH2@P0,GGAA2+@S- M[:\8Z+ZGULA`Y"6`BFP&?&K[\M,A\]3!8BZ`U5?S]Z M5\,A(9.J0J5KGBX9E_:-4B16^3W0Q.;:8]K+4*R>?!6* M7+=5/?%@9$#PQ:W/OW#?HM06M]QW[\<^#QXH=^,!Y9,/L^.=D^BLMT3`-L,C MCQ+W=`IK1\^B-TQ8CH\+J@=`];T#JY+G#7?JP.ZO3O#SQ!#!S*'O&B[A(^8U M`W]R89CMR=//AGXS\(/`=R^,%KQK_'44_(S5AM!-5!.?FT/B,F=V83PP%P3T MCCX:7WV7>#\W#,LA`HCRS0T:AF#_A0KMN)D!/OQT^M:(<3+P]\AX$B`)O-P@^;"Z+8JP.5?U!B3*36(Y_DA8&$;8(]"N6`5 M!O,,/^3&H\^_#WUN82E;%[^2/X+K,/^D/#I7Q$.<`5T)&2$&/B@+`= MP2NEN#9TZ$YH`"!-L3K4!2D3$G)L$*1.8$M$Z@3`[U&`[B4,.]\9PSB=@,JE M:)SF`O!,$`?(J)$>4(\.&2P\,D\&"@KR!Q! M^919^B6(`(I*/D@BLGR2J?Z$*JG8AJ4Y_#,DKY`+8&%B?A)W\K,W$)-U6V_M M1F#T0!:1+^)_OO2@#J.:B&C,@*:>#!=Z'@N#`M@V&+Q)H/9A.ZTC0R;NC)1K MDLQEX#>G=+[FKX1;8Z-CZEJ/E(,AP3X=QW\4%R]BV3(*IEEVO@[+`ER]13T, M?&Y3WK0`,C(1T$3T!'16W]XU6D!R$'`Q(99,MJI_3XAM1[\?F1V,WS7.>G]I M&,1A(^]=`P;H`,9@U;/LET?8!G9N1+@%X`:$YTLT)IYG%BCNFK\=VT^?4[FN=])$Q_5I,AU'M#VAT0@446@'2` M&'BH<3E\WEJ/S?E91SSC6#7A*):(2YK_,>1BM]S^Z09-#Q<)P,Q+GJ%9!\>[ MM_LH"\9@!+3RP5;^>6#9]O"LD2,=8,4;N59^;J1LFM2-[;Q#A_`*WQ0Y3K[7 MLQL2&+`*E"-<@K4>M%K&3ZGU^MLE`]8^26N!!'JSL:;HGYR-QD&1D+3/-P;% M\Q\YYM96?PM=#6[`I?4,YHM5HEVP2ESIN6+@1_/T'TOBMQ@D2A/]UR/YY0X/ M1>M"M/MU9'@TJ-5@QVKPDVGFC+X'JPGIWA>W&99R=YW5X4K@GJ^:T3J].))+ M[YR548ZT;*(8)7:74[22(;G$6:K<3LE,4 MQ>-C^Q]L#-_#U<9K&LR+U(IZO^GUBWZK]7IDO]YQJA7AQ3M.Y_6.4[VD*VE) M=R!3U=CU)[7KU/K1YZO[L^?4>47'HH=MH#I@,6P_'#BT&@OUPO[6,5'J$9WC M&,:VM=&-O#&;$>_C]"! M>8(QOE/JS(ZD_RH&'C<'B3NR)Y2S,B#@6XS$EZXC?.B)[*#?*KR<4A$P;R3; MP%!=@SP2;@LH!];7MV0(@HV>G);O>2JL6#6TQ+':(;(Y6$]=`S]"/OO$O.__ M@[Z@-N-0'SK_/62"!=J_.ESN.+L8#;#*EU_Y_MN475S!#-;&6>RM0T8;N?@/ M@?[T\B332-+VM0K(N(7^B?-_E/`/*HY^HVZ:4<:(52TF?=[X5NC&1;[(0/U; M>+=&W%FJT]\ZJK^EK2WK$&':O#O\/Z_#N+5L=PJ6EQ`TG3=E:8O9#A]FD\WZ M,5O-W^9[P":2AC_(?`TH]IPX'T')G_Y!9QOUD`B[ZB>WQ4R'29S]O4P_\#D, M,!4)^@3GA;+'V?86HG+:Z;"W@/`<%"NZ603IEH%YN0:JCWR^&07N?*^9 M-D^RI3082N0OW^V236:2C6!SB`O$M&06MCNG M!:(97<]P0R.85'![`LLXP/XAFEB)NZN MV-WIMKIYE"@$H\KH5+:^M_)&D#)(%(7L7F.4YAX$MYO=K#68@W%S^(M-6_T, M_*=FT>!7FKKB-#O.;`E^I3E!N5AT2^9=)ZOU6^":,N.?A[?,@V9@52>%`"PY;K?(9O;`6F?U M;4W82\"XHMP^^X!QE2EZS%96CU^&\@ZS^;6C/'!I+%*Y[IZ%L>S%P>EY.SLI M7@K@3I=K[9PY0AJJS0`N>TIPUML$VO>AP'P@XMIW!YB(%"?8966JJ>)D!)L9 M2.>%]EOC:GZK_[?KCQ^-P2Q],'"8&6P^>\J%TM">DTHX4"--BF7)^$ M)85<&HQ]6V?JP<9D(IG',;/&2<(@#3$0A(T\N52'\C(12<@M``0SDC"@2N!' MY6@$"YZC(0#IY"?P/71EGAL\N,/<0IPZ#%,2@VC@R9PKA5`I(&T;-C:-(0_A1E6HGR+&4ZB,#$>E/5 M@:WW"S"_24"\$<,';"A*!"Z_,"_Y)H%X"YU(J(2!Y(5R%@$*_R>T96+L8^-* MX-GJ&+BB>'.!;N941)ID0(2QV+(0,! M(0(2[,E!">D.O".<8ZH@$BCR`;9.AAU;4/7((([OC9(3V8BX!";QEH82P!CI M;+F*=HOD2M$#ZL%W$'U7IZ@"&E*I#H!_6J;D470X^`_:*>B`TRF3F:XF5)T7 M)>A*[,""?*=!#E&/C7^I@V_53L0#R8)4?4F=>9$1P#0#L44-))[ND8O`^#TD M'%\#+<&6M(^-SVLTYI(9&)6TO("5M=EP2*41UEWX`FD\=`!?;E2(GN:,3I2)^]PNBD32\P6>;=6RB3*'V* M-1N:%GGZCQ."-_WC]GG;&$3>#-L+3N2WZB MO),@X&P0JO1*()PR\Q<=,2O.3':DAR"4>.J-B;V&_/\N-;>.R\NVGBL?[FB<=.Z[QCV[FF%IIWK'"GTG@-F8E32YYQ M%%ZU=JR3D569C*Q`$:ASD>W&Y_Z:"%Q'Z`,#G&SI$X-4ME:=CUK/ZVJ?^]WX MW.<29H^>S".S9;Z>L(!]5MK(Y^)(YJ0.I*K2R._BQ]+//8S?.SOJML]>CR(< MUGCV<>5.XX'H1L4)+8KD9Z?H^4DH``NJ\_WCI&_,)H?"Q]=KXWI'K=,Z0>2N M=(),6""W$F%)[P^#1\+K]!6[U@CSZ*SUBC1BG\=XZ;\.I/-^Y(7I'JI`N\[@ MLK-M'*T):W6@QWK0?^H??Z*=I\..R=;G32R0A-T ME>]J^6-9I/WQ4ND?]<\ZM2':#T-4)X?#\HZ-FP2[C2X`UX%C]AQOVCF<$!E6K&9#BO0R*@M:6HB+)`+C0@,5 M7ICP:2[4D"YD`-5Q2G%DR)MV`BN&?5B4!X1A\!:7H5\R9[)*WZFDK!L73\&; MPPL,'P/`5-R-9JD$2H8R1$&:KD[\,Q?G$^$!_2%A/3\*LEE(`6J089`-NCRH M^(_%F%.+B#'TZ9&1#!?#H$&\]UZ%C@UH$A12Q&/@&:X>Q!'_LJ#F20**81? M*BQ5,0'IY)+_^)P%LRB$1O8WT+FQF3`P+Z'0NQ/(`L,FJ':@4DQDJ`\B`2KG M\T!MY)$HTXOA^.2%;##;:P2DF*L"4I(0^?7BX.=CYU/N#U!M$@)B]]H+XH[N M)E?!^7DF=\5J*+?$J.QD!J?=3)Z9S?`1XRO/QC^8#@RF$Z@;5\$UJ,H,Q/Y_ M9838)7A4Y'#-9-BK$K_2D/TBZPT%O MT]PS.T6N[*1JI:&FTEE_]"Q.8=)\0]7?/QE3GBN3D&R7 MF%>:IJN_Y@BS%NJ^Z[)`SIRQ@6CQ8>%2ZTFP"X\Y[QH!#VFCHM'FI$#X"N?$ M^L"5EDMJZ=R_T#T[)XH"[;\U4EC*U>8\$^2:8A`O7C9PHC]3<`@U04CF* M.,:K3'UGJG8`U"Z*8SAT!/]/N(_I.`!QN<2+5NRR%B;#(7*782:33L#Z#)`D.]GS6#?'58RJ2A;U7-L:5)GC!0A,./1`)'S4/C;^SP]A7>QA14Q- M)"S.)G'&J$#N564)!U2=OYPD@@@>=1(:1Z7*(9X70F5.)[!R%M"+D]Z:N_]P M?6R\IQ8)H9L$OC0P"S:+@$J0\-B/GD1T?=/8KET;A1]E8R(JZVX)>5E=B!K M0_3M#G?^%\+5[&D'IK>3:]Y>`%K!5G#S\,'\K0'JY'S MG)V/Y0!OB5FEF=[;YYF$W>5AMHL6] M$FVS,G95:#9Z[1QSN#Y66.)#=#Z_>UMQFG.MT"*8+T&B4KM@]OJE(%&I$3![ MT02B6"0JG2ET>Y#L@8YGE.,9F(M# ML!K5R=X!5#Z"50ZDO!6^@54Q2$&2JBN2-GQ_:WF:68,7@'B-KB4[[=5 M!"*?D@.)':N1V6DO->3+`-T:K;)M7K^W2MS6PBFYEG/A-LX]F#N9W5:.45\* M\9:H5;IJZF8=7LK#K-+Y8#=[G6AYF%6ZHY*]YK5T8:QF3V4+4613O)#'%JGS M'G3>V4]H] M)U:K&F*M:0_#7`+U^&VJWLNC`/N)?!7_IV459^G@?^@SMQ M_!FE7U6,76KBOM-=HNS)V+.`;H]7Z6NFS))B0Z1N"5,>9(E+G#ALW]C>6P.1 M,I3_4(+68?K$1G?^*2]0]%CEH7+ZE6D=A(R@E9&0ZEI'>*")KWGN#2:Y+V4X MXI_/VV;[YS@64D8E+PF13#<]44-)]DVJT:2Z&(N&'3G)%!.LLNID";"9,+])W6=G/(JGKN[](#B@&^3 MR^WD57Q#>=\?$3H>75[_*N_\BQR7%F%)J8H[_9#.?(NC3;?Q^L/S15W&2Z[_K"[HDH$AYDM MLSJ?T\NO!,S)V;,Q(\W")'KA_KB/4J`__7][7]O<-I*D^7TC]C_@M)X;*8+2 M\%U4>WHB9,N>U5UWRVO)VW&?'"!1)#$-`FR\2-;^^LN7*J!``!(I$2!((29B MFJ8(5&959E9F5>:3*-#/ND,[Q81Z\?S7:[ZODA(<-!8M M/HF?D=,3;?=B5QX4V4UFY\96Y;@-_!EYN!O+=LKD,-%F0_`Z0GX?G&V`SK6? M`I&#TWC(`G'-4L#8N=2770I"D02P!XF>A;#I(?`A?>]@4)F[7;H8FA-MVL)Y)J3^^G`9^%@@L MDU4UJ[CA,M@8!3:(Z$A%P@1=%G'8Z&/X#8^I7@<$]L5]RSD^Q1\CS!K%Z1`^ M8JRG%&=^6GJMU.F\E@9&<\'O5]CV<>T%Z,##^[_HQAMDK8J37@$X][RSM MNK4\!RA+7P046X5YQT#4ZC..;+6C%'5`9+OW\'>*U9,E:$E%0:/*1D[[=GNR[U$0;_C>`U@/%_<#-##QYZRE MV';$_ER(/O:-OY4Q[K-G,L_(K#9C;U!>8AD95B$C\2WM#N0DAB1.YE5A$[]< M>@Y$8LC'7_N4,#W,GK->7V71,C5VH"Y7,/2*MC`&=7OGVO(V?(!]TH=*'`P% M=)FP=DDQ[,[EL5FRHB7##(>$+4HL>O.KU>RU-134QK;LW9+5T;:\2<]$7_>: M\53_*>M4$DH<7^%9LT\W7/+2)#BIH[;LUV4J%T!K::K7>7J:'21P^WRF0XVK#(Y/PI3(&":H%N M4R[P1E(V+J4>?P4]IB]E[NIM^JZT9G?2!R@PNQ4#E8V0$&R[R>)T;N-82S0_*=C)ZB2M6YR@^IP%-4?I^2K1W;)*7-G!T@ML;NV, MWEX@L-2?P*?>ENS7,/PZ[N?8GWW5@G*WBFWKQ;6+MT=ZH8^^"K51N+3K!)5/$O?\HQD]E#$51>PY`56.J&RB%24. ME_/3O;S[UGQ8.JM).;#)/^CTIO%D:V"F^A>-G:J'G>J!X;"\:.R(:@S5"\?; MQ%*ML2";'X8I6_?T*KP*6'/=I=[6(/O^ZLTVJ;45KBJCOBY!+_E=Y:'&MG=T M#?;N=>V&ICNS@6/&ADD8W')OT"J2M/$U8_)H>B>&8K)E?(P" M&$[X!G5*Q42:N;WD9!KJF&TDDV#P+.QG!]&$XXGBV,]PK'(E8HY-YMBD_@G9 M7'%Z2"7C&7$.GNQ)*BS5.S!NXG#`3>XV[V%PWMT\O3RG@]VVLLM?,72<_%XK MAM9S./<]^WE?TN7704NO)A.ZJMRX9&W4`.AJ*[]?J4`JQ,XRV!S_5G;\NSHQ M%7RZ:'7W%F=A+_R%`[#PY2QOK32ON7C!OS07+]NY>%ES[DH-39IE?&N7_A]S M[T9:AB."P#`GDV@1.=1:VEQX?FC_#_T&;SG>]=M\&_+N25O8.()5;$>#UG"P MK_6EC4.V=X+?.&2-0W;X.WGCD!W$,N;IU5Z=LMT4Y*@$T?A?8A)B_KCNG.V) M#U9FC67C4AS&.I8<2VV[J.,C-VZ`;T`TO&GX8/IBG4BJVQMR)-5IG?=SW/A: MZN_!Q5"=UB!O\O?"=VP,WMX)?EUCJ!U<)ZW[:;2W[3&:V*YF04$3VQW$,FIZ MQ1_K#)I_&>84%+2H7&#F>^`D3F07>_00(ZP,!N=P]IHJA@?A"_`JS\\ZG8XQ MYKR7,^-N+H+T3WPQP<6RL/1OFL"[@'M*F`I&#*]/`/\BB)P0:=.JEO^*J366 M[6,\:D[^C&S&:,5?1<&9\;LP$(>2@]6)MU@Z(A1<*&&[IF-8`ANAP4?U4,@T M:F^RL'F`1IP(0GL!W_$,T)P``^I;RW#L>\%M!)2_C1.3G2/7,_!1["Y@NI(D M/PB-/R/3QZ^!&."]>_:B.HY=M6?PL']<*LZ0,*`T(3F"8E+)"U>M!(?;$&'S MDI5!>_,*C\'N2E;J.?0Z!35[Q=`>#YWCBC[MUF?SLX M\29SEO"IB7J!G"IQWC8AL495/.X*"K\A2^(JIN(-&X<]TY6M;0:[K[1LUOOI M]?[-=@]IN0\YFB@6G$J"QJ:>MI1,O\NU3^RS4U!6DM!KEO)04H-ZG7U-/-A_ M*:AAGLRP=]Z(PUO($VND7J\Q:VQ@(PV)-`P;:6BD(ADGI$43K8TK>!"'BOX=W#'TTWE1(U%9C/U&D;CP*BMY81!9AN)FS*'\/< MIR!:G'K34_AX2C\YM>R9C9EHF*_JFR@WIPX=$XAP[EGP"DM`F()Y-I@NAJ\( M'YN^2684?DM<:6=AAF1X%0>8Z^'5$\EP1%;10UU\M1?-YOB/@4%@ MV6/Q)K*QAJ--\8/[FR<0732I-%LM@:@8KU2=-"4$VV[RN3E[VMK>.@2NP M1'62SRU.29T.H/;5W5[/1M9&"_X?;-5YTK\G@G]0C6M[6UY;=+;V9!T/SH"] MINSO-9\ZK4Z_W9C.BM2KUZC7CLY?6NU!SN3OJYCOW;[2;P1_-X)_<0@'CWMB MW7-FNA'R*H1\U,^Q+_LFY/RQYJ?K2^';GF5/3,=Y-'QQ;\-C>):[>OB,Y[SR M!-R(`O@ZP>`2AA?E'"13V;5A3L*(*W-5?7?N4?3"?#0L>SJ%V!-']6VB9^I[ M"WIY7/J<<_K.U=GT:ORI8D@R(\O%X0\Y===,SQ,EUZK(&I@MX+'`0M1TM4TJ M?0=^?69*+K@JN4_*XFW7&.,=!2(Y3;S%.)XPNC-8+&&*L&TEEL\[P@S@@^M& MN&8MO#B!%89IQ('@-[".]M3`VPJ^53&-R1QF$2O3C8GM3Z)%$&(77JZGG\17 M&*:K#X0",C?O0=8FD\@'\L^,F\B7PX)DFMBRDG[):XA7$B@U("6,XD0D``4@``B;ZX4.4H-?)C;D[D42X4P0**?>E#\ MF`@!#U#M?2QMK#`:D8H!(-;R7&I3S&]>H@;A39!KX_S?"^<]#LZKJ2Z6)D@^ M*!+-1?J9`.@4+EAOQX/Y5@]H4H`:A5_'"I@+=3!^U`$16@80@V7U2L5P%G$A M'WAJD0,F@^Y7D(Y7J,]SK2+7N>@IOD;:B7(*TP=Y,BUO228'5F3I>_(J7\>R`W8R\M7"AG/;MQ2\0TO*Z!+7*$1CCK*^ M,/^`5<+?.'8((G'/%BX(2!!A0)'7P$`,<9BBJ\VETOG,2;_P8/)%S)DOTD@>Z9=**NC%0C&DSY[X80>XBSTUC.SONF)U4BN9 M-[)I!&`!8>\%UV(2\84]/A5;V)2U!)H<.S-NLN"!FDRRS"G)D;93LO#\BPH$ M4)(=_W(1!2B.M`N$8"QY'^"QLX/P%;P#%I(IU'3Y*4T>D7<"J@A2ORC6OYF- M=_UTQ:YJ%?&-/VS0X$>U0'G:07LA#A'.<[!E$CMORS5$<4KP:.)7[IN;0XZ" M.9F@21%)?@)N5OXZ\#T@XI9,#]'_II(SINK=,'7*G/)M^>>[H$ MY]1&3]9_U*"!>#`0RR?<6NF:9W6\D$3?=`/PS9$NMGJB0*3R[(;T@Q+7V;6R MGG2+OE9,ZHR#EY'*Z7EW<=8==16XDYK_.3@>8R%<&F_F4K8-?)5(,'*DY02>RIG0_;=*(L9V"@ M9,'O)B8(U[\B:X92=F9<(C[R9$XVGQ0`]RZ%/,4A$'+)I)D0"ST&-K.F66AR M8H-H"F^WR8"(T+0=PR6\!)0T#/M\G^Q3J,%9K0K@*V85),'QP"8]V.$\-;G* M744J@8S8WN7*DXP^9=@9"Z$6T*W*+^[4ND[A:S7`:72NT8`;*OQ,F"=>P:K] M(<*<*2["`DMB4DUI5L+3M:&Z;M9X&8908Z%+CZ.";O*D>`@OP!F?RJT,I(%\ M%7@>\]?9-X`WNB#`#AAJ^&)!@5U1^_B]VCHNTVAO&0G18-=2WVN[08Z?*`\F M-*G7;8C`/5_JI[9V/)\I,#I0<5A2W*,#H19&=P==LLT!'VH`H58T8:?+S?,W MM4@/?P&;'A@-\L17?YEZ<7I097U1M))WI2-W^5#*$OODO>;9,1J-C4FL9)D] MA7Q!]U%M8Y/0\P-V;Q<>:$=:PI$44#W]&`G?DYHY=I`Q])B8`2XO_&=N3#$9 MD5?=#OX`;^Y?$?W1L@-:<`.V1QFU8\`"`Z+]>>*WR#23@QOY(_$B[08]-<6$ M)%\2Z`N(K-WX^,H28_DKGZ9FKQ0+IRCEVZKM1TZ]);U=M>1JS:;RK(BVI8GP M83-RXP6GPXDT7.-QKE/BJ4C#Q-TB7PT)%9*=-J1&$X\3M-I9P\9C%86DR`B. M?=(RDKCNV#[1^='$S5L*7M7X-)/V90IY2"?Y%%7]D78O--11:'-BL?0ZT[.1 M,B?*'7T/9*3I0.EZ$'B$CYS?`R4S5+&`YY^SE_,F.W=:Z/7I]]."NA;H`^RJ MX(KSAK)80I1.PB#<>]OWV%<&"9B(7-<27WR?>2\F2N.J8JCI+?#T,8JWXF!. M:/32/8#U#5@+@Z='@4%"V!"M>(P@]"9_8)KY1*Q@@*9V!#EJG.YMQGL&Y8K" M\X$\1`QP%%L-D_H''R?*V91Z'K)P#^B2Y/X2%92AH2DO'IU"+'FB1OXM&/PE<4]ZQ$Q MRE9[&CG:Y,0FGGV@M!W3SW38H&DV,<<#BH\RP`VB>1RK=T MRK*&F$(IBBR96H[;UJ>W5;@^)#?Z)&HOTRZUIA&HG(@O&3!,P<73KLER?7BZ MI,OU(E^B?9WN:P_=__ZW*#B=F>;R)W5D?>E:UW'8=DG;\A5X2XZ'5SEWH.D? M(-[[XQ___F^&\7?U[+4+JR!^\8+@,VQ('SWTNB-8KINE/*L(/M`),O_NSOPA M@E]MU_/M\/%:[@$TK/Z63[`%A(^_TN'.M0M1>LB"BR85J/@JIC\?747\^N\= M^!]B?7R_\[Y??.^U^1^2O.^W*B"Z!9L+6[=W^<,.XK]JP(._DB@> M_$=9,W_1;F9>S7Q?FWDE\^O.?(RYN]Z\#RY&S;ROV)HJYKW7J9NE@1?F;,3/ MFX9XHH[^L;DCL=6$+4?5TIV?&,R30;/$OD]!U=SS7M!P-S'(-?J>+GCK%$71 MN?BZC2@R'2W(Z4QR4XQWG;.^NDL!P927/*'Y(SX=>=S@-HP/HE.GZ*N',>F+ ML7A$FUO[)*_R:UP+],S\%\?KZ]7 M\E3V*OR\5E&E[6I3E*K@YNOE>),UW`33SB`@NVSHT>;V%\:[P4"!F<6O7+DA M27*U*#"$L4.\)-8O-G\5F+8%2_;%]$/C"EH.@B`\B?+"U5NUGOE&K,#\@87?#$?Z?AG]_:AGQO M,-OV?4TDMK=YY\H[XKE#..\,MLLV' MZ#)*K($L]X>#+'I MP!=,A-N]!I_VASE^9D+B"XFO*J+MY[A.+R>^2O>GFY=/L`[I'S7@WMW+3\Z1 M0BZIK^>G&I$JM$7;XZ?*Y(E72EZX^RV:@OYA-^K"J)?U5#:E?\LYC54D@B4IC?T3`WDY144W MD)O]3&J\<;6\M*Z>G6@'080X#X/S)#LM0:98^K8[L9E,6[G(IILR. M@X=@N'>#P;FBC,M_71J64*Z`E$"X-@P6P0,@BE@^-G9D#9P$TN-*?%1=T`NK MQ5@XGB,,ZLAB+$T_;%'1F2^)3*:J,Z"I&AH2;,D2BR6ERW&!(I638_(>*/E? M5-I=9L[4R,;2B1!SA"ZWB+3(I<+!N&!2I@%JXUA4]'R).%_!Q+?'6,HL'.]! MIHD>W4;C@)'?C$\$^M8Z0IYN)J%'2ZV6F5$$\Z(#[M.!'V M>7$;G8W.!VEY0QR&/4HM!07\/Y$KC%&.Z@V'G8U4K[TKWMJET M-#V=6JC;[P7ZLJH>Q5+^#N*OC=8T*]\=+N[%8E'">^!$X:D0Z77:*RWXYH:V M8ZRDR%/6^-RT:,7O/8=P,28PD7:(I=&4%9]`7UA"FW:8'%AB,"?MWB`V)Y@C MGQ17RQ=I">X*V0!%`,2*9!:%&V1N951*W%:H+IP;#2[,OR)7JPU04%=QD7J2 M$G]F7(/6FVZ$J?G,J_Y+*C*GMV+6/0C:`VANY%-CM.*9X%'OT;&+$%X--3E@ M>(2CC_S3S_*G1R<2)9#Z?*7&AA''GN_C/D+]S6`*SS6+K#+=9\+%BG_@VE]Z M!)6QC.!3P#!#=A@(9\HE_V$@,]%MH`RE\AN_%R+&6`^DPJY0";KCHJD@C<.! M'4&%ZU113#]-4+_`?DDD`5:?1!+P08\T$X0:,]XE^!N_`5="ZKP=R'II+C3G M68!Y#K0N<>#Q6?`W>F9LPG3=4,FO97S%*3@^^N7ZP\U7F%TV,*Z.1\(*!/R$ M#UC%W#X#M<8)ZN*'I6`,U45Q5SO',QG&(%US`C]Q3U44D/%XG-A#9=P2"5ER M&>;60>MR@&KG>OHLT.Z-D#*JY%DS59F5`>,5(IZL%6\J>2N\5R:J8-)@NR;0 M$ILKTQV;O)_8`FB(@XPE`KZ8J>K=3(8""E!$'ZP\4/& MV63B[9CR/0R+5KS7E&-V,6AOL(D/SU;W\&YI?ME%MXJ8Z!DOC'8(B8D:(R%F M9R@',BL]IB.(`.N#]>-JLE`3PZI"I9B8D\1%O3;V2U,@4^8 MU(]I[!DVT+"(8Q/ACY:>31IWO79\1"$/14@>[@",.99R`2F,'-$NF6VN8*\=I(^RF;XKL]`*8Q7).B]WKJ"7CKC ME:;N]]N9.\TM\QUGB]9*TKO=WKHJGL-`*8Q7E,(_7%?#2^>[RM3-P?FZ^KT. MVPDR2`U$>=3/Y$6F2"R+>DXQ^0BAL^>B0Y_BXG(RB181>9ITN_Y1!RY@`IB[ MO9F52I.]NZ,\Z_3Z-:W&QG0O\FQ,^=376R*W/BM5UJD.,WE"E=!>Z8KN>DZJ MA';83!8]-\;UY-_4I[#G-`?BL9#>5[%5Z0:05S!0#EM5UT%D\O#+8:O2*&J4 MM01EBF`E3&6KA=;DZ2;]FYIXR9V+;-I;#J4O9*52VS#,5FINCY-*S<&PE[$& MV^.D0@MP/LH$&UN7K2KXZ&>A')[GPY^9KD3K_QBWN8%_7+K6%[XAHG_>3#^K MOC\&(_S1AY7&CZT$$WTC&Z6$`OQ%!NVM+A!Q.G4\T^Y58368>',N'3" MN1?-YK))`"*Y,C"["!%HMSE_Q?A4).;8$]@4+3U2O+)03U5_O MP5,0]3^EX"BYC994X^2.#L,>=6/+S^%3$Q&WUEIMO*3]D%Z7^\L6WOYAIRU@ MS9']@61#.(4(6M#_Q0SU)@Q:-[F53ECYS:^8/I^;E^+#J4M(2J0:*_U*T%+C MI*:C>((DBTM6XJ\,FW072O0X\!G6] MQP0O:A..O2D*.H'I#6]6H4GE^N721`BCU!\47[Y7"3IW*VRF%'%L.G1_'LR% M"&5#ABOX)6?S\)JVE5YP^V2?;N?CWLLF3&;Q;*O^4)&K?D<)!_9BC:9M2WEV M;*#LP@(DO2Z`'>[,87-[,]]*9Q?9;A#ZW%^,Q>DSHK=VVJ?_=0;VDK,9;1+7,%L1$KR/E2 MZ\Z)W@,"XX:F;%EXN8`IFYBI;A\H0I23YQO>`IO`6IAKB.D0W!`P(M9+M*RP"\^J82;C]YB80TG9C"Z_/ M%:>:8I\J"S->V(!2YV9>DF2Z$]M,K4+LP!&F11EXJ;XMW(>&H[5G1$4N#Z5@ M\)JA88U\;D\5`S0'Z:8R:%)A^E6F#2?8<&<398.4M$H+I&QVW/XDV;KB1[@' MHHYS+&>=\E25"9/=Y'&3BW-[\M[*?>.P@0SF'W&C1JUI+&["/K^::%MKM@+8 M\AV+\YG,XBQ=I;%KM%>4.R`G5=%>@[V(-9U!R;ET74R$^DHF%#<.I97_-V:' MIHAAH3-6:*^,[E72WSRO)R;G4+'6J9Y!,+,VKSFG5U'J-;[>GC[&:41HHE7[ MH$"`@S:1.@S&$I/BI'\D'(=RKU0^,J5#60L8`0PC29WJ:!N#8"OH=1X1$\7R M]E35LI1:A;KT7I84O?M)5&7V<=4NU4TZZ2;!B< M&H>R"[O=BR3OT<4*E8OD"]HIUU@1GM.GEC8/3SV<8U=&_-DZR.JK'BCBX:N% MTQ>%S#@.2)GP/[U(\XK43._)-'JJ)Y-Z>TB.GAQAC*T!_-,)4&8N`WB%^@3* MR'_[^:@->@GS'2Q-S!V*_[W$*@?Y[P?;"N<_'V%=S!&/12/YBK_04C_I_25M M%[(:W\GC(#59H:6-8:$7;\_H_T.E?O(RR3LD3 ML,IU(E1ES8=*S_[XI+8=BQ^P?P5RAU9]L6-_$2RA'\J3F9,DK9M4)[;6-E?[ MDO5@=Y:=P)2MEH/+2&8"O@K$O'Z@;)'^,MQ/?S+$8NEXCT*"&: M0C9YD0MKX`?H'WV[_7QT8AS+]JDP\5-AQ=:5_!/Y4R[K\:FI M(4R)#>$.I^V";4:?G]P=3A?F&AOTR03$UN`0P_!J2]'7"EU-W(XB7"L,T#&C M&F9$]4LWIU,,`JCG+OKQ+908G&_*A89@TIT%<<6:C*_8?_:F(<7VLA\Y;[6\ MG.*$>V*JRIW59=?:8VCK6N@Y:;K)'_WD(U*^GG?UFKY[C8UO;'RI-OYV#<=+ MZ=$Z5EPZ<8;R4*G%CEI#IUJ6BSCBP?]Z6%V\B M&=X]/[UW%M.(=GQEUJR^;$:GRY5+,(@P-V,,,T\U(Y(FW9"NXYT_6S^\'6.ZD_/!H#B*PL(G/*\8 MB]P.LWA805,8=X2F8,]T(*RCTZI41*DJB?F1I6\GIZXO#"SED8=LZ"RK,U5_ M=E=VI\ZJF2$KRV33*I).]U$.L5<'#;^+)^:99Y@.558.>N5L)R=QVSJC^5WP M06"86A@5Y--ZKDB8K`8LNOEX*O2G9U*//&[Y&&#U;3"CL*"V?B(,+QBS*_UN MI(7]KI<4(-/AL`VRRX763+?6%@Y\12">3GOI^*![-FAWXM*TU)O`*P;KBH=^ MW-Q;JA)^S=:7O.R4B:>?Y(]&I?3O.F?#=C=W..VG6D5D"W4GT7.>`*S_[%ST MDG,0V5A#%O21!@$2<:NF@``<,#"'-+FC1XO:RH MI*VR92P=O!2@#5K%8?MFX^1=D'*PM.5\,DQ#F_,@Q51[1>(A),'VZOP7CX@6 M(\*SW.`1[!%B"-P+Q^/PEN^3EV0]%1F)IBPC'RPB&):8PN0:31?0^(;R"=XX MCM?]IHSWE27DVI7G]'1%`B+H\QX^1BP'<`.)"Y\G*;"$ M!&^@.<)MPOM#".^O4]@`=)^&BA[GP.DJ<8MX*Z8/%N2#!_\QCH\^7]Y^.#I1 MJ!6Y/_VVM!BZYO+V&_P4ASAMCUI&K'K7$(*X,SOM.OS3\ZP',&)D"JEJPCB^ M\Y;VQ.@-VB?`(-=X&O'OT*>^!O_3]E%?$V6563014Q'8"*`RM?ENU9BII^WX M20G1PW[0(P,8T;:@W%NZ[J:+2+S:@AE&3`H[E)$X1$L>6U!+,'P3'XDZ]A_" ML><>-U)^F`MY=BGT;"1,\)$7A`S)81-HD`/TX`;LTIX0VW^)J3#F9"0$`GI4 M9CI\\$YA0UWF,@B[":(2(10#OCVFT^)-GK^E0(&(?N2A,7*-`X_G:5;@'$5D MM^(VP3BE#W2++H-C_;@6W"X.8-=A2L95=("LTY,6`?@DIE.^N*,G5&("PP]1 MT%8T0J`(DGD#4SN8P,\QC@NT3"Y.Y%,A76(*)*1CAW==>`A/ABQ/(IS@*F#R MB207U*6EG6;CSV!4;2\.YS;H8.8VW+)Y)LDIP,E-8G@Z4'LN!:&\4YEF#VSV MP+KN@0DJ3_M"[H"PM<4;V^TW^LMIIZ=M7%\A6G'!!'[5$D_E)C5L#V"3^A5/ M2):..+T"VW\O^,!//77I^WBBD_$N=5LE32%O5E&@)3@YO-\DY\AXF;>`704V M&-A=7-JX)GQ4Y\L1.>\B8,0W3B=-T4`CRW?$(YL&/&RA8?6(`K3E8S2VN`'3 MZ0]=^^IDV(A#9-,&)Y^5D$D3PR,H1#H$IF!D0A&4-&6(_/28_"'S7O'#1A-, M[`G->$Z$6G,1?B10BN"9Q:>Q8<3$HZT@(`"/C`-F0T^7XC0QI7L`/%` ME6X$6F'&ENLN5JHZ4,QDT\Z:](WH9XKLGB;RE0R5WI+@]=S0X<=.F]Z,,E#X M60'G9U<_M;)G3^F3ON/]`-]O;)I>XE]%?>MUYIJIT7>)SJONQ&.TW$=Y, M[\P?7^AB;+5C90T*3_-%[47<5#(K%?6"W.FL\,W-I98\<.=],3,J<5B(."\3 MQ.*IJF[>]QOWY66B_MIY_^:"X<9/:FDN?Z+1`O_[/E?)/[V9]];,!@I'P#M7O7B%LD) MC\_3O54^*T)ORIS`;(E-:8)K"8F<$=\->2AO`BI:](QQVOT$5-K^O!3V;Z97 M<=K0[H6\(T]E\MC4*'T=*]6(ZZ!7(B=50DJ]8D7NO,L)73-]D0F67S"]\M*U M/L5%;KN7N8M.X:;Y//VE\%V-@/:R[6-WQ7>%XIR#]/9BKCE%'7Y`)O>+%X1) MZO45EH@+ZP-G6N.;`NTN9<=']YUA]N)A*]Q4,T&E8[2/,DBN9$G,5G3]ED2O+Y*U2-[&7WQIIL&'4SU?LH[9Q! MA0Q9R&`NV<5L:EXTJ78]6S]ES?5F+)3'?T4*^Z10[V8"*CV[>M(6OX3_?`_G MG_XJ_&MU637==N9._FDZ7\E3R6L&?F;>HKV>G_P+BPJ\QK;:-=?A*'-QL2$_ M98>UO8OL(>(FO##J%6C-PVGD7*HZQ=WO%MF3;#2^-F-?Q3(^DGG>6:M4%`?9G;N(VBWP5)$,9BQ'&2Q5*'NC06:G6I)W0)SI8=WV68_F_-%V>OH.'[E M\NT)\D5%7%5I"K.=)TJ5OTI< MBXN,T[093W6P#,.+\XR'I,C;A.AJVR?V.ELANMHDH.ZP2*\W(KI"K>WWN]L4 MCBI([BK'^%F2;Q$'5/YI-5;>D5,_:F>\^A4J7\!"M7E\%]V,S_MZ%JH-0T;9 M"IS7LU!I,\\2Q:B2NXCSBPV%2,QP[*\*ON!0VDZ-3A!.)T'YO%702[&YI>K1 M?>L_];OLTN$2AL3,-[G'0PIE2D%<"'=FSJ@50`)[IP%9PSNP6IC@DHMPJN"! M3I\+=%/==[#0VVG%T-,FR6C+&/N>:8UANA7,FV6&9AKU"K-SO#2Z5A#Z$D%? M05NG<%AEZ3G0-;>7@3%^S`=C'D>NY2A,;(4U[4VG`E/P`XD73:!@*9!7"4=% MD^:(,'D$IZ5XCE,,P)=BYOFP3+*=41ZZ+!5A$Y*)IP!>&/Y?/2W>-E3_\*UC M7'0/#>,B@7%&&%XQLR>Q-B38$PIP1C4!2HP5?+I'L`$'`8V.$]M#R`X(\TM& MYR1E==BZ'%]=?_WT\>Z_&5?XOT&=_\=SC=]M,"2(:Z2(>-_`SC0J^495\A/L2JT$H4LU$>YYP>P84ZP`X/:]+5-,M[L+'N&"*?*06@9QT?7MU>_'9W( MI@F^R6"=\),'FSN/F?J/?[^DWR::BD^5I:T'T@>AT=:#U=;+-,2TPKTOVDLE MVK:FNWJ?G"?AC[$-8R))%O0Q,B6+>R20-_-(Q`8[`(&3$\.L)O!K8W<8Y"4:DMKX(F$ M#,DTE."_!DGC9;VE+_PJ"EJRWV7F`,\"/A@) M5@8]6Z%@,K?%5&M2@,G0BV_Y2PP(D#+_%F%5!>@8K M'77UCIO4L\HP9S,0%72(96M>EP-Z4'97:,T?\3T2H=%YU!$FF=%$[T!EM*ZK MMY\^`FLP4>+/"!AT'DG/+(]@O?3(&;N&^A@HYQ,K@USDCPB7\NTSU7N%U'P3 MZ4U>?'5NA'!KQ6&^ZG1@*3E*POTDT,_IDIRT`EP#\%HV?UEM))AZZE<3++CJ M[5#TQ+JM!P_\9$)MX`C(+?QG_*R!],2,IQP&9C<>I5_\R+:^/XRA#X.+/1A: M\PMR1'V%GK+GS84RO+\!]^+8"AG$"0DV(O5>0=3`C8#OACFV817[RN= M]"5%?+=#3!1<150[=96NC(^=L==:F.PP>\GPBT2QTZY"%K6[WIU+8V.;GA2( M;A7R<(?^8<*7=!#IS[[Q-_P%^8I/R(KZW=:MIO).$^K`3=5'1(=WYT+<"-3* MLMD_$JX2::I8>&*A50/D2)/1B%.S0]=.?U8,GZ4(P)XW\T/K1SOIVYA3CMB$1_PX^7W3P9^L]4;P?S4L2>O M/.M@^E_'];N-I5W^D_SU;5(R:O-P+1 M"(0BJ0>107M/!2(G,MBONX/GJ^::R*%JA>@/F\BA$8\V]X3-.==;D_MNJ]L<]S<" MH0M$K],8PD8@8I*&K8OS?16(G-A@'\^Z>K"W6EXT=D0U$=H+QZM12/MV9^P` MSKO>[N(U,];,V,:G7ORQSIC13V9Y):B]JI^!_,*8^MX">VG="S]`Z&X)TSV- M7"N0,.HF`O<&1D3-@WPQ\>"WAFE0HRR&F:9.0EX0PH^`9=^8"OA_;$V",+[8 M-(G^JIY]-!9B,C==.U@PK1/A4[>C!&Q=`9K'T.=ZTR6)J)X@$/OBS\CVJ3F1 M&_KV.&*DZQ#[*]T3(0CEOO2]F6\N@C/C;BX"D8R6O'!U5`++]L440=L1R1AQ MG&>^%P02>UIV:`I4YS("R=:PMF6W%H+9-F#AYWDXRC@#XL=2N($(3O8*&!KF MT6!(XK$`$4%.7^^>;PRL/=0?3N MU]"'P<4>#)T3'#X=!,:F:?=GF"\]M%4VJ`%:KN\:'0"@8Z7BV8`O-Y:K0#2J M`VI\"I[Q"1S;0X:Q/;R5OHW;OC3KW.QS!RGBA1#&;P0E=`4I60(E5TQ$8Q[J MKR-;VPAV#SG;K'312O^6]%T[A(5^&W%#L<@T*,/ZTN\74L"=^4->2&CG]?H= MQC/7%]F)*2N_N@YY1/7)M.Y=;$Q*/7*'#DD<:IA6MK>8*[OVEO8V[[I1A/S* M@[<.R]?(1;Y<#!JY:.0B!WN@OZ_()%H,PA]5SMK?_Q8%IS/37/YT*V:8K/15 M4`:7.[NR@XGC@<^.!XDS_^\>__9AA_3QZ@_*A_"A>3J2Y=Z]):V*X= M8$\2^UY\8N^?LJ_@!5_%].>CJXASH+YWX'\8EW^_\[Y??.^U^1_RS=]O5>;4 M+02+IF][ES_L(/ZK=AWX*T7^1YBIQ@-\@P^=(P/^;B],!V;M='CTC\Y@T.*WQ_!YE0P/VA>[YE+J<3*)%Y,!/K1M,L<6?^6(.9``]U^[$6PCFMBP5..V`6&2M M7(;I*B<%OEYX+HU1+O.=3J\_+(7WTDWU:;]S7C7EM9?D<[E]U65.JA3D\UZI M2ERB)(]ZV5VX;-+K+LK=[J`U[H>J$P;L4$H]S34_C3W__V8^P[\.'_`U!+`P04````"`!!=F@_ M(X.H_0D+```)H@``'0`<`&-I:S`P,#`V.#8R,BTR,#$Q,#DS,%]C86PN>&UL M550)``/IA[E.Z8>Y3G5X"P`!!"4.```$.0$``.U=6W/B.!9^WZK]#U[FF7!) M0B>ISD[ETMV;JO20"NFM>>MRC`RJ-A8CF5SFU^^1D8D-EBT9B"5G^Z4#EF1] MY_MT='3E\^\OL\!Y0I1A$IZW>@?=EH-"CXQQ.#EO+5C;91[&K=___<]_?/Y7 MN_WGY?VM,R;>8H;"R/$HB M?.?HH'_0ZWTZZ#K3*)J?=3K/S\\'E*=E(NF!1V;MMGC;I3\,SI]3J#3K_;ZSF][MG1X.QXX-Q]7Z7\#E!\7)XTP.&O1WB?`_8(V7DK M5<&71QH<$#J!G-W#3I*PM4QY]L)P)O7S89*VU_GS^^W(FZ*9V\8AB]S0>\O% MB\G+USL]/>W$3R$IPV*&2JMER--P3^UDV1M_E6[UV\?]@Y>V+@% M-G"%?7?@W.!GT^VUNT.[I M89>7\]LH`F*X.JY(R$B`QYRGU9=LZ`_GB,986,OAK_MQ?Y-!]=T)-_*;^/KG'RA:BO<6>H7D!8'[B(*X5\E+TZFAFF_O M_TK)#*P9X7`!7=^;\2Z13ZAHB`_N"V+?<4@HCEYOP@A1(/PB'&=+^?+7`AY_ M1]&4P),G2!)S(C'".];@Y^#PZ'C0[PV.>D>]X\')<;^?LGI*Y!&[K.]C$C188O9+"ZMC4&527X?JB=5@'@G,<*^"U@ORDF12SO9:J>?2J`!1\ M]J5\MDT@=)@U0T'\E9/2/&+-ZP%4S58J%Q/44+A`,HDDC\W3A2H+F_P5 M8M+SV8?UD#9R`\0$#`BA)=RMI3*/PD(B-GE3P6,%?0(#]T3W*.!#]SN71KBL M$6ZFMYY2/61Z#K4F80"*'/R#84@^@!@78QG.,0LXDW@ MJ60HK):Y,?QO`=<*#WZ-YA1Y>,D%H)L1Z)+^CC]*!%"0HS&LZV(45!\:3?6% M[^,`,*'8*!)VLXD:0Z@"+,'AD=$8?(0`+\-]H_!\85O!@T\4A-\0P'"%O`77&B%U0S.#1-7P,)TO+ ME+2??;W./.WM6$SJ:MV+*:W0LO:.%_-4H^FQRM%4'._M/^Q8VZNF%&0<%@<9 MHDA'E%G':(8Q)!_%B(=Z34.^*T\\63[ZR6>#GG'`9P-BSY!;%94LYC6*+!2N M_\HXK-@0D."1Z"AY;`Y1E>G8]&B%X*SHA6+,-V'DAA/\&*`E>OD:H2QY(]G5 M`FO%5.65.\?1,MSB??A>X M(=_QS^.+.9^GE0^$B[*82G`>C=HXK-B;(T7UCJ-G4:[,LA6S&3 M"7'C8K:(-X6G]Y[!WP'*V80F-8,\\-Y)\8W4U%Z-8\?.[UOL/D(\&R]7A^-1 M1+Q?4Q)`S=GR])A$5N79:@93'.EL)LQ2.``*ZSX3KLI,6M"*N*R:9;AS7_EH M6FU^(9O8:%*+ZBB?7E``:`6[,)I^(.K3"IMI&\2M.CX[YHSP$QZC<*S60-=()&*GNJSRV7+"L@M>*6;'4IL(4W%(IE&4S6@!5 MR)2/K+5,H-=5U'38Y8X?/H\WF,26NB,LHBC"-#YRS=T@.$AQTPW?;<)TA+.3 MLC^`NO9G)[V^JB8)2J>ME#U30G&G&'3NKY)KXB:;FGAM;NCA.\]&%^^_F`(JK:Z[/;"B_`3+KB,6;T` M\YIZ%8;7+GS9!KL58]4MK_$Y!:C']5\=N`U-N;R7X+6"VKU=[-I0VG716S$3 MD40G>M>&EN3Z$&+0MX`5JP;K'=]-N'EB6;I3ISSK!Y!&93.4+D2T3=CH(8V%[^A>KJ9N.$$,K")^;%),ERV/?D,( MGIJKT_0T.D4W6#Q[-U/I]D5#_4^,=V5/NW*&E;LCRP#*2Y9E-^W MH5[`_R539HQDPJUK]M@IMA=?3/Q*Z#59/$;^(DA&`+)5VH(L'T`7VO`3)>QK M[O5]PAEW%>WO,;!Y>TG&DH==L.2@*4)Z1X,ETC/\*H_TQ/70_XI#-_2XAQ6_ MFW6-6:%#4LW>8$WMQ!2)6LR>#I;8;/DSX5LL$.<48)Y@]K1`K(K=B@6D._\0-)1-,(=EPS)@$G?JI"M<_1+.7CBD;+(J7+UULJ2'5D)<$RFD(P MQL]IKE9*;HD;%H^?](IJL$YV;A;-M6RSHMM5)%\UNLTIP#SQ["FZ5<5NQ6Z8 MI"4,_=7M7"5]3BJE>91O29F\7RE#;4E@FG)V*1\8]Y+J/D&SE*R]>F"O3XU3 MR0XL8L=@.!V0,[;@OX`Y]-,72"AH)C_C!Y.)AA&LZ$CNT7SE*A7T($O^`52@ M!;UJF)EW2NISA]?E$:(=^/`_4$L#!!0````(`$%V:#\:-Z)_-1```(T8`0`= M`!P`8VEK,#`P,#8X-C(R+3(P,3$P.3,P7V1E9BYX;6Q55`D``^F'N4[IA[E. M=7@+``$$)0X```0Y`0``[5U+<]LX$KYOU?X'KN>PLP=9EA]*XDIV2K'CC*N< M2&4Y6W-+021D84,1&@#T8W[]`B0ED1)!@"(EM;+,)98$@/WUUP`:S6;S_6\O M4]]YPHP3&GPXZAR?'#DX<*E'@LX2M5G*UCXC+T66_Z+*RZ^*7J^3*-+AT.IUV MMWUZTNDXG9/+\^[E1=<9?%FT_"*AC(FYJ4^"'R-Y/4?J(^`?CE("OHR8?TS9 MH^QY-SR*6UZ^<))I_7PV;]MI__'E;NA.\!2U2,`%"MQE+S5,7K_.NW?O MVM&OBZ;R\IY8M$U+<]&.?Y1-.;GDT:7NJ(M$1*81@J-MH3ZUYLU:ZJM6Y[1U MUCE^X=Z15)?CO&?4Q_=X[$2R7HK7&?YPQ,ETYBN,T7<3AL62J5A\:'#G)A=*(%J.00+1ETW;2IIT[P!8%7EREY=$I(B6E7>^]&U'Q M&(6^V%C6>?=M"AOIHS7%TQ%F)07-=MVBD,CWRXD6=4@$DEHD`5$NPYV\="*` M:E6;'Y+&B5\$#CSL+;XE0EU)>I(G)T[+60PA_TX/O?R!._VQDQH]`B%A^-3- M7,A7/B)EN1J-]#)&?!0I1YX`'A&:14YS&_N"S[^)%L+622=Q"G])OOZ^D.4! MC9:<^6B$_>@\D=NHO4]!ARX.$".T]T*X2=YLVX782S/IL2P`:53S,1/[VG!Y MI$PN\O*`-A]MS.A4K]!$!&J$$'(I$)TIT9<[XXZ)2`3Z%O`9=J/#VG6RT.:3 MH6^_)4+6=P!+-O),*T.*'LK/1,SW[MGY1?>TTSWOG)]>O)%^U-DNN)KO@-LF M*Q<>!/Y"U\6<4_8EV67S65MMM2UBLCN^@123Z66(644`0/<#ACULH?V<=CO5 M_VD-^L_!`("!Q;R6GAN^E7\:-_=4PRUQ$+F6ELO1FMBYNWFRWZ_H._:!+UT: M".E3?O*CIM*/QH_JC^7O/N78^W`D6+@O)PSYF-_C)QR$>(C9$Y%F]!6+WH@+ MAERA8\S4"\04LB/2!&4F9R&3!_O(8"!,JY3`4E`+AJ)6(#85.V/3T1/A@$9' M(MN-!'J/?74:'"`F"-8M=@7M04R:\A05(`)*EH&;75-Q5C<5`#5_1;G@O<#[ M]#*3IP/,#1N,OCD(9JQV%CT&B.3TQY\I]92\<`)7YQ)8=H:P#94AT!87-#)[XS'Q MB5Q)(K`:TE8;05C^RI"S*C\T$J[QC,GS=12N5Z8SI=)U^2OZJ&&DL,=.Z3FO M3D\A&&AR8L@`#C;?;0&"&N2CVV]9:0?"PK4TN3=$:$FB$ M],4$,RTTW0IGZ`3!G]Z(+A,P:.R5)0X*9QHW>R/.#HBNY8ZJ0H=7-)`RAU+L M9?K,1SRF+$FL?4`OF'\A001AOI!('RD[2IR#]P6+"96_/,DF45:.=F7=H00[ M-:ENE9UTIVJ!:9425#)O/N)`\J7SH+2M=\KVF^ILYT"`QLQ7+(RGC94V.V7A M;27O-2NX6??OV]G4R&VF2^8^YY!6HC9O\K1,WF3F,DYRG2:#LLF@+(8`8&EJ M,BBA9E`V&7A-!EZ3@;?F>C09>&`R\*"[M96RZTJ[M7N(]^5XMTI:*7I_+(]% M`W5+3"I8"$9&H5#&]D#CYQD-X?7:1H<0C;*\75(7Y$.QE&\!P\@G?V'O=^JK MF@V?I4H5VGXPQ&XH(1#,>XQP^=.U_!@\#K"$YLV54=)TJE\.@FM3\[2S,<#J MBCL4B\PH,<(@OY?@.;[&\?]5EBO-@!!VI#U8E8UJH-E-#@S#8E38XW!NY1?" MV'_`;:4DAU5X[:PXO)8,Z21C-J&T)I36A-*:4%H32FM":4THK0FE_72AM![G MTL\Q1&56&X&8(%8TK4H.[F2!^*07>.H_E>[QA'QU9[CZY"QN)9GCN9"KM`F%IF MMHHQ0"/I.G[2=OE<32$_VM800LIF:K3B@V,%C[$4S7M`+S$JX\PI[`$AJ&+! M3A$$:`Q%(;Q8S&)B\AI">`K"S$>>Y-!HL&%@G\K7),Y:["*P]3Y@*BUFSQDP=8+@2I>Q2BL:$VS0")0N M9C@-H]HHZ2=NY=\^SGGT5@M/[X77-#P$CWU3HZA/"]#,IT@C&RS:,+S_VN=^ MS>6A]$7'DU_BG[ZKRB'/Q%>%)U(.F&9/+=<5PN,+^CVU'!9H MYSZYB:6EY\H2!33U1P!N`X&"1S+R\>+\6'0HRVV^SQVK*CUZ5-#HND(S(N+\ M*95&$0K,YN\6TI-FZK3/7:@J=29LT`A,P?I*`]';S2ML: MPFWA2FSI@$'C:V4%4)%CUV4A]E+H$^%-V6:;C`3A=G.-"Z@=:&@V\&DZ\^DK MQDE-^W71-8Q;](/@RE0P\335%FBA$1OA1/X-95'IJNB(]#!!0:JXOB%#F%A_%+?"8(;51./)JC0 M^)RG#"8O*E%)TO(3,66$F;M!<)EJXM0,%AJKUC-S[[-1D]Y7*:YS`-,N'7LR MWO[1-8:0X5=7`&X[-X&VO$8NA38<.DN-`"')I%)0H0Q8J%Q+[SFE`^,4-7># M<,3AO*:QH9P M'JUH%S5I`IKQ6&AE\^4>QN&UI@6A$"'\1QRX^K?!%O;8*9OOZO?,"L%!XZYT<@F8=)+.2?W4 M'5)>B3(S&D02%U886&L&P42U'F`TJ:!2N([1>`6&XF567.GB4F);R#?,?=[T$;B.KS@@16&7'N-CH M1!Y87;1X^,A8YO'"OLRC\VOF$O]JRC[:"-J4?6S*/C9E'YNRCZ"*#C9E'_?- M0%/V\1#*/OH^?58>T`UEUS0S_ MJ)EY:R?BDQLY^6U?)G!>ZEV=EEKS_MOR.-T(I4$)O%&IOA`[[%<0UP2U>U?`GB@ M]4S:[5\6PA2OQX*VKRMH1IFN-+M28%9C3X4]("PFNYIGV=3>`J7`XSS.<%T\ M^/SI92:/;CA).M?R;N@%81G8#_<&Q4#C/\*K3NHY(77M":JH"X28]#Z8+]8* M--I77^V;@IM4`S5X$F4&@&`2]?@$95##IWS]UIDUV7E=(>SWY>VZF-X\G(=# M;/+P?FE6%_T@;./;HG0!%>J,[C,\T)[[9T@8+ON^TS(#0(BP;F[;F;LE)5!#I?R&,BFUB['' M;Z2*8@U$OQBH+NH((>):+\5%:'=_5--(-9Q(+U(5U%S$#N\H"HH/9&6'@K`P M5Z.V&OX#FH,UT.'9@'V:JCLG\&(S-;#>QG4!T+Y M(FY0U34O'`C"U*_DFA>B@T;U/9XE"U1_G*Z7K2%4WQRPVVUAM]D27CJ,T,C+ MN(R"JS+'\3P7B MGI"OK':`I9C>:EA?0WJY(2#D+M1#>SGI@\)**'9](60?;)/J M-<#0.!Z&LUG\@#+RYW55;H,Q9=/XD25#J7#;WA!62>!JVLDT@'%LKL),%`[2^U"8EC<^+ M2QKKBDTUQ8V;XE--\:DMK&=-\:FF^%13?*HI/E6\.=PUQ:?VZ?$F*:#D+VSC M_&9:@Y@R5L1I(<#R?E.O&AG&KQI9>;^1P0&^*%-M-76Q?W(GOISS:W+!Q@FV M$C36VA6=SF@0Q9PLG.'\/@?I%.=#`;`+K0A6Z!AKVD)SBHM,+4V.!L[/0,KW M[MGY1?>TTSWOG)^^/7G;/>_N@B<\1J$O=D-4+D0`W,41DF*?.M,$PG&FT."R M"0!IT0&H.U4+OE#G.>T@*#[/6C2E[@$I/?4>Q2@I0!D.PQ.U##SA.(Q=2$:) M_A`\9Q-))>``(.\PXY*F0TT3EX3D@C5QR28NV<0EF[AD$Y?\OW]+=*5HY';? M#FW[!&94B^6!H8"/I1PKBBYN"B'UNUC5Q?)#RT"!_H:`JH\P07X#P"+E/W4H M5;DA&AKTS0\GSTZ/`1HYNH.G,B5I5_WQ`WH9J+I#4M=",#(*A=H!'VA\N-5P M6'E4"%G2=E17AKK1#;+W;27("'$L/_P/4$L#!!0````(`$%V:#_0_L,7AB4` M`!XG`@`=`!P`8VEK,#`P,#8X-C(R+3(P,3$P.3,P7VQA8BYX;6Q55`D``^F' MN4[IA[E.=7@+``$$)0X```0Y`0``U5UM<]LXDOY^5?R5+,L9U3JVUE)RLS5U-453D,T+16A)RB_SZP\`7P2*``%*)!J9#Q-+Z@;[ M`;L;C0;0^/F_GUL1Q$I#HEU=G;TY?(1SY9!%$][^\VB3'7N('P:O__MN_ M_]O/_W%\_-OY[15:$'^SPE&*_!A[*5Z@IR!]0*.8),DRB#&Z>T&WP2-.T8PL MTR>/?I.WC_[RYNV;L[/_>G.*'M)T_?'DY.GIZ4W,:).<](U/5L?'^=/.O82V M3OGX8REK^G'O[S_^-?W:/JYI/Q,H2P#/6D8 M1-_NZ/,0[8\H^>65(.#S71R^(?$]Y3Q]=U(0OLHH/SXG087ZZ5U!>W;RV^>K MF?^`5]YQ$"6I%_E;+M:,C._LPX(5[0.$?HY)B&_Q$G$!/J8O:_S+JR18K4,F./_N(<9+ MN11A')\P_I,(W[.7PY[P@3WA[#U[PG_F7\])ZH57WAT.7R%&_N5VHD3UH=*@ MR'EB3=Z]1#U(2M[LTDON>-O4!N\];\W5]@2':<*^82TFQ^RKX].S_!52@9]& MA.K8.JV+6VN.2QLR,4]$OEQB_L,5E:PB,WY.<;3`BT)JUD:#1F:/8)K,&V7- M$K_28,C4FL357O"#;Z?TO_<_O7_[ED,\_?#NE`/,?\E^^N,B=T/#:#&.TB!] MF41+$J^XG0SODC3V_+1HF>,IFV[5P$DI/&MC&%<1>+%?/(/^J>F0G.+$SWK[ M.,RT)&-?QF2UGX2Y/&0?[C_"NW`78P5@C!.RB7W;$*F,$V/KRE%281^ MYV0NO'LZ0N`)_3/1`1,(@76@)K)4#THJ.%W8$:%)'Q@IXK0'*T6"_3?WY/%D M@8-,'^@?NVI`ORJ]VYPVNX.D_K/=5ZX2C[WHW=^LO5[Y@]6>G]'8>I=#^L0% M>^IEZ-U+Y-[YW?[;E`I8O,[*CU;?I^3)M1=:TB!&9-LZIS@."`T_%A?45S1H MY`X=G+U*!=XUW`H1B`5+)%";`R2'POS(2XI-_MCM4:6CA= M4`J^JP\U0A"=4$BAUHN,H5`/S@*C&__$7FRF&0(EM%[4A)9K14D&J!,[,F@U M@M';U8=LCGF+[P,VKXS2:V\E&R[D9/8UH4G<0@UD-%9U0"U`30'R*?Z6%C%B MNR]_1!4P]L))M,#/?\46I,)6G4*%!,`E2)ZO<@B<%!6TED<$LEJ1:)82_]OLP:/=<+-)V2(F M6QI6N[M&)K"QP@#*SL#1P`$QBFC%40XIG!-QU@'*F)'`#9=%GD0^6>$RC:E8 MLM-2P^23-<*+264%J?7,&'1`D)@P7?9E$R4=59HILUCOE"5.+&2I07 MXN06/^)H@VCCBIG M'"#*VJ!FG:!YQ/$=2?!5YZ!NIN/;X7QR_0G=CK^.K[^,9VZ8"97<`">G@C<# M05B5VE,24#4OG]^LUDR7>U'@%,?FZJL6-G?LT3V*,]):`JH;:85]7`=(R[># M(:*5V9Z)Y2)?4E6^Q2$;.:=>G`98M3S>0`]C=EH`H@$JB:V;HD:2FN84YLC` MHYP#Y2Q0`TQ;#'5;/?:6RR`,*"N\"6@T'EK!F_093'TUV@KDBS7"F3IARV9D M;C5PIC(B29JPW8'/:QPE.-%,6-3D,*:D$U\T+16M=5-K%D0R":;DV0;3G*'O MJ8@VDFN)8#L#&?\V'5_/(&<@3/2;Y2="%@Q`,8N:D7#1@%7%`*?TS1!VU5Y. M#:+X3:)(51^1)4IR4FX%TY@L-CXUB:/QLQ]NDN`1,YH%7L?8#[+-R8QNN"(T M=OF3?_$:SDX.![PN`>-&P%[_@'4#]=Z`.0M'43`AQC5`?&P'3%C@D+9Y_PE' M=,P.*:;A8A5$?(4\I>\A=X"J*:0A,U!ZHQ6T2M;#B--^,J2%6/4<2<8\0#E[ MYD(J#13C+U`^PA(ZA@.E5&H!S)<-B9LRC)P7\72(8UR`7570! M50KKIBY[?'W;$-./ MW=J&]/AT#P!KT3J,:_HN0.C"(FNJ!AP7]?RRX#*.ABDF5S*,)IE%\(RB-LPH M".&R!`;B[J;UL4)H>[I;=F"VC>F*)"KUE5+":'"#T*(22\BLZ[%2A@95SDC1 M$2,&RGJU$+O,A$^N1S>?QW"J3,D# MCI4.3A4R:)B`0D4C*)6HL9'#?@!I($Y]D&%,J'$`A?(X!^`)<@BYD;R66HF= MT?\`%*7X.9X>46BC_)YT"]CG'JQB#LYAVD:ASLU96LU5W)FC[#,WZ=.USG4V MW19)GI*R[6!MPH`^B\FR)VP#^HA$%,Z&(MH>]3O'2Q+CC&[N/>/DU MS$+"8;2HMC+^UX;^_!FG#X3^\DA)^`E"9?QI40+(,Z-6.[E^#M7*XX'.MEK$ M)ID9";G0[&3)5@SQR.P=%Z3PQ5R4`9T#IK%'XD40>?%+5LJ1KX%1K4HI^##S MWIF@4)-:\![.4E'GX\N;VW&1F)H/?RMV-D-[3XHY=_WG.,++H/DDNX0:TBLI MA:][D!HID+4KY%!9)B4O4BWH*.<`6K3H3G[PI-$>0%(*1)&?LSA_P:EV(7&' M!FB>(A.T,C<1">S/1^I/K\]!<%I=*D3#-(V#NTW*ZEBCE+"SE]3Q`ZV/&"*0 MS[@M33),9!S/%2N;MKS!85("E"^_66;RTL!D1%;K&#]0IQ0\YC&,KH!(VU:` M"Y^W`RNMBF[6!%S)]#;RM2EX4VFL<&4NE+[AN4`)5&:`U!IOEG1HGK*=9R02 M7>Z<9`Y7H^&=M0ZXHM)=Y]267@YO&F:-IBNY%9EIJ;%DXWY6S(NXMOK^"CH33V_&O=/XZ^3H&'QE5B+]$,?;"X$^\^)6$K&K<)R^( M6#?<1#/L;^@D/\#),`X2^M,%_1C=9U6MBUYJV<&'/\XMC]-5]YFXH$.?Y8Q/ MZ@;(/DYJ^V24/QJQ9Q>3%U9-L10`Y1*@3(2\FKOHZ`#7?>WUJM!E]ZRK:!\% MVX0>WP+/ESSX0@WKF+2GCCG`K3O<-?`C0&7,X[#I]Q18@B]P]N\A@ZBB0;>\ MN'D7M`X5I:TYXXE-13TL('3+3^Z->?1`/V'$#)VC]ROHBQ7?,$/?LS,TVU?3 M_1N7888\]53#IXE+&SF@SD)I052/12G)`4Y(:621I&(,IY`V\\CZDU6M83HU M]Q.R:)=!Y$5^X(53D@0-U^FV8P7/?VIA*9*>2C[(3*=&J.;TYKD7LLO(T>P! MX]2-*M[#)*&B:!1MEPBH1(=4U$J)C@J%_1(=DL?72W1P(@?2;&;2SF;C.63M M.B]Y8,L*]!^V:^71"]GL;9B.O#A^H5/!KUZX44V!#'F!`HLVP"HAA@FC_6## M7*JZBZ1,?#[._Q#8!\A+4=$"XDWT8BSKXEK)QCBC"X0^^P-OV1E`S#(12Y0) MT2,^.HC%*0C".WP?1!%[A_WBU,>*EK04>'M0+R\2,$3Q?;*A$MQB'U-IZ)R# M!OCY-5VJL:V1!2A\,8!1"68:Z.V'-EIAZJ%#SH*V/'P6.4`Y'U!UL@.0Q`*2 M$"?4N84A>>(A/?5L/YR]YY;SPU]^@G%O?;PD8%?6X]MZ=Z9Z6Q:KMF4W#VSK MSC5Z-24U4+6V9N$KE=KDI/:KM#7)42\GI;BK`MB#M0,A,0>ATB+@":Z.WP5T ML;)6:&8/)$Z/Z9M>H?)=H)!X$6"8=8&7F,J\F'O/66I`&V4U(P5JCYF#R\'N!)F;Z_$\A:73/SF845&"+@E12IR;:M)A0IF M"XE$!,5&@4+%^QPF3'>$&4L-O4:FR3BYH*]:58754I-7;4,U]8D4`T&S@A)^ M1I/Y5L#@?1JS:ACIRY3*R`Y\L[SOFJU8ZV]D-F.%4>@VL$0]-^&SKO[F0M64 MK6`=(,Z<78U6L+MR5_,!^-CQQ.DM*Q4[_R?%>#6\GJ/A]04:_^/+9/IY?#UW MT+(^Q>HCS#HFQZRI`L7(CCB'.Q8DB-/6=C@KW$2Y-T@N39=[!&EITJR+&'I$ M"#KS/!#7NL2%"T;0=>3-:L.SQ^)%$>5U&#MW3"BAJY>J.FH>;'VZT^[96\.!94+BA^SO4#9>"@N^R^QP) M-[[+OH/>2.*"=W)@WDIGXWM,X)V;LPHP3#,_[LQ72V'VR/0X.%<]!(Y+0U)/ M`!T9-/9`QQ*+ZS:S.?!Y:8=83'RU'WP[I?^]_^G]V[?<$Y]^>'?*_7#^2_;3 M'^RR]Z<@9+<["ZM>BLQ\.U:[?GD?6,P_M^'KQ4\O"!VAZ5N678G;7KB:=A5, MV\(2^9H0^MWK-3$O&W^ZQB.N&H-=K-4%J)N;B_^97%WQM86L$!3T`;<"A\+/ M;7^&";]VQ1-#K>(WZV%5]<%*U84+E`P%="GT,1;9D6#&6%[IK-/RKJ<)'7:B M^^`NQ.7VK:8M,5)RP!U0#>+7]D%):&%V0RD%4>R)VM*+.P`!J^.8`QAMDI2L M*(:8[8UG=P(\!.L>M_:;;NWJ!8'-L^?K(,U*B+$B(QOZVF9DF3YY,58;L(X) MZK2Y"93J,?,F#H#SY7IQ)&=92R94<*&"#3B7TA,@ET**WB`Z$H+TA@_X\/B! MJ)(2#/P=I?FX0QVDZ8YSD19\TWE=<,6^\RTAY-;S72DTN\^WY(!5^`Z4W(6; M+-M`L)_CW".+XV).LVTNT\D<9MOU=8`$* M3ZXF\\EXQI?+9O.;T=]_O;FZ&-_^..,'<^;_1$<7X\O):#('O$+YBD3W803??;2_!8'F'&C2P3` M\SUS*(7HJU)T5O0J+`$N:`OP)?VFW@LK2&16S&^7&+:,GUQT60&_*B58Z3Z9 M&.IJ43DU]$'L3F2'WWJ\!XAU1@U:FVY.S"O3R6C!ZM*I!=^I2EG./4W7:Q3TM.!*-M0#=$JB;-0(>QYC)JX\3L*%O6&!):V\[_X),Y MG:+G0/'S&D<)%FY"1.&V+3@['J_6(7G!.*_S6L>GZ"$#/A@;-08D6J26R;K] M&4I4T[>"[SC."_?*+`QF=MDK).!)Y[[89E[HQ44N^PY'>!D`W_T0;[SPDL1S M[QDG?`ER_N!%V45O_#MM\LBX`;`QO"7$G:';D!MBQ&XEFGRH\D*T)#'BY/GR M?DH;*:XGY-^#5[(\&&H.C!'"&=LDHC,'&MD;S2%5Q#!&U"RZ:#!R2NO&T21& M33L*8D>FCWO)#KT35!4N*S#JF"#WANJ@U#>)JCB`=HLVBZ/:?-DP0X/=?[D/ M'/A['F[Q(XXV;"HYHI\"78%C/1OLC0\Z.+)K'U0\8'<_-`NDKO*>\PW0^1F=S_9^-D/-_QXIJV]<;JAN!V&5\G6,AK<-N/`>F0'8,>7 MX]O;\04:T?]-YC.A)I.P]1S>'.?>LQ`;:(=7/1OXQ8B-[[05I>[\;9`0ZQ5&2%='ER:TIH::/TR#&[+0JE36(\.(\ M6TQD%1N3-A;54=M`Y6N[[)A*G=LN&K9?$+<[J64FP=A1SH_R9_&ZK`.K9J^- MNOOLA@(^*W"*R%T8W&<%E=RX]+E/Y,4+WYX#KS:/:AK"GJ!4#>B;5WKLJ7*[ M+XI7X M&9O9+E"'9I=NKJT*3KC<`\224*EQ=K9%`^"+$(80%8L3&F[(10LCT9H7,X2= M:KM92.BZ5P<#/<2%6"S?25:K(&71$JM_,")1&D3W./*I4(J.:>0`*MRI!U&I MVJDFMU^R4R=+_J%&]S@':ID<(.>3-S=D4ZD`1G> MZ@)(QS02(4XW0)QR@"9)LL$+P.+3!\ON5)WI#M"X4E*Z`RBPU:-;`4@8W3&) M,$H>J-='3T'Z0#8I6GLQ>LQ0D2>6L;U[02Z>.;_%J]#YPXT\QFAR5XJ\%&&6V5ZBK'W(H60?X>_*P:%?"-KAP5CX MK)9W-9M25AK.\RHP8X$Y!+Y$DFS)?TSX1&O%7YDGB"[*Y2Y>;L*C.=8M]'#P: M5#1NUP9079I]@%9*T[1IP'YUFO;2U4/@H@U>HJ9H!94%YK;M]'NZT2CP`0+L MTDP>(J]L?7)*!XRM2"2)J303Q;==D MZL6&B_@B+;@WJPNN<&-;0DC_M2N%QA2N>6(K6XH%5WA3V7--C\AVP14R@^NE M_&S+S7+D)0^7-*!(M%NYFEB@LKIZ&-7\KIH>(-.K$T:B2E%"PF#!EP%*_@3= M+!%K`O$V&C9SV5.P:YPRB:8Q8>7L%^LY_Y4%0(P7:3'3$Y4!"]1J4H M:"M+WYN/]8D:\$YFO1:7G1K13BTJ31#^B??_6NA14O:C5S[N(_QIXK("]SB[ M[R(_,JWH=RT7["EB#1C9"6(%"]CIX49YU">'M]7>4B.YI9@*K'&,"H%(5IH+=?ZT4K3+V"1\$B M7UL!*\5Q*)(-M94PQ'1#8O.C!C[&7X`N<_2O$"B-O'5#3UGW,SS7[*?9`C* MNGR"-[J)5O%7IKW==?8]:%67UT@B;^$ MUVRG\*MJL.D-\U[:#1S)L6OB^&6@>T1S=5Z'(CH5,&U4M\OH1F0GEZI%*,$O M*LRNK'4OQ#-$5\#(5RJVU?T`URQLO2W@,]GV7AMHSIF)M9O2JP>Y^S3@BFO4 M0=3DG!7<#CC)9M&,<\Y<,84=&-OL;+4HN_U8K3/H&49)_IE4?@A%O-:C-&BT MS%OE-W-MHU57AACKNN[T6VF9 M?;K%)$/3IEWGDC7MA3?+V_C;5[)WI<:(+W!D^MD-XY2.][[#'OI\-&H>-A3_UD=T#2=E=[O]RW!ED9I>SVB\5C9RL2 MI\&?W%O=+"^#R(M\-N\C">^!BR!IW$EMS@YT#*PEO,IQ+D->^\>R6@E6SQH+ M[*Q.8-D`XBUP-2W;`#H3=1C"HVF,5\%F]1HMWU4:7(^4TP/>LPOQKL`=C'D5`$6O MM6G`]8H.,N]BSNUP!0>%OK)SWRV/><.89B=(C8Y?.V>)D^@1)UW46FELR"G+ M-(!L8*$-K;ABJ5H1VUILV:!+A1DZ`S^Y_CJ>.5-H9NJ]\*H/2OK"KY5,Z$V$%G-)L-X"NU/[!))?4+6?C)?]%TSM-C+`#B1Z2 M;`!1Y-VW MO9'2K@OM[7U:.!.IP#![('$ZQ_&J7%"](E[4O'.B;5.0^R/V@UW?!=&N'>"] M#OL(6]/=A%$?4UM=;3>-HI`QO`':FM`)K$:3Y$T=L[:V!QT1;PUVET$GR`4? MK'ZWD'L&X%""AVT\^2_)=;0;D-2M.!70Z<`:1'>J)EP)]9KE:^>4LH4A6=+. ML3"P)>B^5_),9_X=H/@>U@,.SKNZG_\_+._O<+Z_NSR_4RMS[9#RE;E-!BZ? M.3J^*E?N&CIT5:ZQ(:>LT@"R@74VM.**E6I%;&NMVRUF[J_*M0=_.;D>7H]< M696[Q>M\\+]97I'HGLTN+O"=RBK5Y#"VIQ-?M#`5K74[:A9$4C6P(&?[+QE# M-I-C+%!Q;TL(4P%`6`)8=`[`U)@=%U\71'2H0.`;ZBIIY"39L.O\C%R1"2-8 M275#2#N%U35<$.75C422E2;?SMM1P=JW^S)>Q.@;%O2J[[[X6%RVKF`,!(S- MGL]^XO!F>1&P6"Q:Z)*#%4K8!*!$:%F23R`#2^359&@<%TM:Z%2<7NSR=[3V M@@7;S&%[F=4T(?<]8#%=,MY3G9P*4(1$*<]V2F9_!C[9J!7XT*4%6%4<8]`$ M:%!C+)\F%#@2ERV*=0I9&@/(G70"N>=5BI:!31\X7$R3'IR.E@ZU.$T M:'?I3Z<6*]HAK2Q6+$ML+BQ6,'##:,'^81MA'[V0>90IC@.RV#W=J.BB=DW` M6.(^,$5;;,-OW1K;"U??*,,TE&UFYG\(K0Q0U@Z2'%2%L<@.T#*;/%H(YVV% M*CU%1_`_\/8!<"8ZVZS7(;_OW0N+^^(G$8VR5GQ*HUE$-.:&,!R9G(*"MAFM9WL`,N42J[HE2H)5+V;O[P$]`%Z]\E*'U=GG8: M!9YA%P4>;3O6`%Z%&MZY2(17^1F!%-3EU.30Z8K``&^S+:1?<^E]M?06Y[0I M=;9L#G"SG*7$__9`P@5%S2;TZ8MN1FO&"S2?;0.L,ILU8;0_ES67JIY3(E%" MPF#!AE54-I2@FR42VOHQ05EK++&T#/P@?=TPP070T$RZ$5FM2<3D'SX'JJF@ MA@=8(YN`2#51Q@"G@6IIZBF&@F=0Z-:6C2H79014K!T<%V3E!;LG>#6T,(K4 M*+BH0%)"ZXK3($5-87:U!/V>D0.JR=1C]:L_X]4=CA4(JR10F[KJ8E9WTI*82N+)NMDMD?W%,+H$D M6F%T663B@#H,?7^SVH0L=N*;-9AKBO$#CI+@$6=)LT8U:<$/5!Z^+3Q\D#::5H3A%R_,8R]*EC2^WP'73`I9T44N=KUB2Y4. MN"*+3)BZ(C`BE!940%566H@Z[U54PZHA772M/2=?[O`5!BFVH*KP+6IR&!>N M$U_TV"I:ZPZZ61#UYO(!$B.$`5^:AUJ(V!<#NX\JI`$O4-JRI=A\\\-"*[L] MK.<>\]3=E4(B89I&@=WFY3=(#XGV21#T2L'MPIC_!UUAN@C M#FS2NBOI1%[%M;Z59HL=#4>LY=?\\F*VTD:;'Z#\`4A\`CL#DST#QM#[Z9BL MF-?VEB^_TD4!?P+,/G.80/,Z"C,U")?F$V]9Z@-(.Z\>(NC0GSO1?GM M4-LE#X8P6DQI/Q=3@O+B*2_<+H9HEKHZ:AMHA.BR8RKC1!<-VQ\MNI.Z9B'G M7A+PA36Q(2>6T0Y"S2Y5H[YM$^,Y?D[/J9C?^NAQ'RV@%XJ+W=O'H=_9`Q%_(M#&;4L=)_5&8"&) M0YCMN=WS31)$.&$S[3L*BPFCBS6:66# MA>K2/T:3"3I_02.J4)OXY8H^Q(E!78+,?*@V979&XPR'53-.%[2PA5?+F9'` M[=:0=A`\O;E!C5H'P1+D_S%!(DB2@83S')\(63P%84@'WPD=)*/[@$[_LTO? MM_@T`U7+-F#\R%Y`17?2J@'K7F4/Z6IJ6K1!8^M-DI(5CM$M#K-Q\B%84\VE M0791[[QX!LH>XL0P:-0)NN&P;2,.JW/C\-BN!3<56N=XBT;X]%"AN?WZ?9G"1D\(879/8HFG)Z*P;D%J(FA+Q2I'SHE*D$ZY[=FV$J.BM1JO!M6FK( M'7Q*X>N;^&JDP/OX%/+4CZ,4='U7[M#OY^M2Y%Y46!\XMV%T0K$U`;(YEROJ M;AXN;M7(9M*HA1FX#L5PV^LA>.""KDLOB+]ZX4:06K=(TBBDX$,7+P.BB>0V/.RK5&-TW,CBA5#I_)-6JQ($5AL[` M0%87R6LQ&>?8&SF@JHQH050KC2C)`:J-:&11E<6:\[)8+KA6"02=9VUF<4:) M&OUJ$[T+:J1S1$(I/"?"UDZ@0-9+GN%[-ENZQ6NVC3FZU]6J49(#%0/1B%^I M`Z*@M5\"I%$063'(Q<9/L[6(LF3@+9WO1!M'O.DN(G.G:L3IAFX9NE@#-G"- M:S.MYIRH9'7+[^X/K-FJH!+RMO#8K0,2I-FF_V@Q(A&#A2,_P.8[9%JV`5<_ MI#70W=HBQ@V`U!UI*9VT)DG>!E?32BM.#&1&*'5C6MM&'-;7QI&N70MN:JQV M[Z&@LEY-99T:"SO'6S-1!ZH7SGP<>7%`3*H65FF!JQ7*!)=6*10)X:H3UJ5H MJDI84(,7(RP$^1(E:^P'RP`O&@L2-M`#Z8L.0$5G5,3V]:99DKKNY/0#)'`X M4*5PMO%IV)R0N+$868T*ZJX9J;#5.V4J)`!WQTB>+[E"):=RH%#=-,8+;*`# M$CJHNU$4`E1X(7(C-'*><31U+D)" MZ1B'R'E\=>[P$XJ<>S*.GEWX22;?.?RT_ZG?/_[4\EFHNOS-1?9E$GQV^OV]P=Y^K]]W^KW/AX//1P-G M^&-9\@>H,L;BHCX.?G^$[SE@CX!^WP=[BX([:FZ*9NXL#&KF!MZK%Q)35ZY^>GNXEOX6B%'^F2?T;XKE1 M@I"P70ZW!/O7[J+8+OO1;G]_]Z#_Z86.=L`&CO,E)#ZZ0V,G:<#GZ'6.ONY0 M/)O[K.')SZ8A&G_=\?#O/?AO<#+8W]]E!NV='O28G+]>9N18_'D6C+X%$8Y> MKX,Q"6>)%CL.^\ZO=]<%=?YX1C1B^.^QW^[)"=IKJ]WW$1"*?>>"!)3X>,3X MM?PAO1W?SE&8?)1*-5])WMMI<4%F\Q!-44"AUUU#1Y^A=M0I%=RM7N>NS[K4 M_13!^%%?BS4Q;]CF(0QX031%$?9>6`,BIG\V_$OL)HZ?[V`#\;A:SK+*S5:)*R#]G\G9/2, M??\BIA&,ZN$=\M-Y:XKG%&;E6^!R>`T6#";XT4=GE,H.QXV_T8&V-R28/*!P M=HD>Y?H%KVH';;M'L)!.5Y%*#XF\.=!+A((1&BU_BB/V";#&:<_9 M=1:"\G\%H4XJU)5_B"S[9T))2U>/:;]%>_52ER]DBCT/6BA63? M?43^4K22@#VEQF?V3S:=%'F?)N1I;X1PLN%F?TD4VNWULRWG7^%'RW8\@-BU M!J__^K?!P>'18+\_..P?[I\>G0P&_5P+\\PX"XNM=4-O(1O^ND&6XBXY*[$W M3Y9IN]X4^TL6C$,RJV?)K#E$4BT2PBKJZP[\+:;06#)GTE:KQ2X1.8.&C5CC MKGQW4@))X??%QH-!!OO;BHE8KPR4?0V@+!0:HA`3T&ET">ONBOY2*&<12/+Z M96`=:`3K"J8VUT^;>@4_HQ6`;92U$#0Y'3/@#K4#][_(#>5@6Y:T%K1J#3/( MCC1`ENISAR:8J1%$/]U9V;A85LPBL*35RY`::$.*.2M"U[^&M?7+?Z-7+E1K MY:S#2D:_#*QC#6!=Q&%8Z/S\)0>OJ$60*:F8H7:BK8M=81^%%]"\"0GY':Q0 MRB*L9+7+8#K5-Q*2V8P$B=/\?@H&H;=QQ,Z(V-O$I*1[Q2SJ5^CSF7EB+@[WG1JU]0YW;LY*37INS8I8\)M#'=G;CN M/.4M\B.Z^,DZ@;,?_Y9Z1)GM/)"1;H=`]T. M]/0M2?.SCJ2@"=?=-(>]6@A=,?%Z:,7JWD.!"ZTY>\'K&[+*LL8A)P%'!89" MU3KP'#9`+VOMKP&=(R^YAW5)9BX.>`CRRIN+HA"0$C"5M#0+T-CS$*4D_(%F MCRCDP5@L91YX2@"4`"BAGU&P#4,T0A+`;92S#CHY#3OP]+?`UFORJ]3(+--=?'KPOSN%_(M$R65#+7#BKD2F!M(:B%8M4-$8A=.R; MU)I2RD;N.4MY86:OMQY8*O'B=4EKBI*6,Z` M2L`WC_H5AP02N?X&W`,]<%\0FER#^_8R1P%%5+!PX!4WCPYU5PQ*&K8T!)1/ M$IH&`&:`VS&[*)V_VWE/5I8NX41Y!>-8H01N.3<4-.UT"7&H:1F)?)`Y^8X" M%+H^6.%L-,-!S@%"CK"C,#R^L_"M?@U&E34L(T3JJIR+S!N M]>"P;D3)A:AM9)#2CWL?LHT-B:8A(KMM$$S2D^<;0GD4*"EI'`MJ;T-DE>MT M3ZII!_*3!*2H?M8+!)M38;V\!0]Z/;#@8$OI44_5EF8,H[:KUP$T!]&H>N>Q M5LHX(M3#IBP(T(1Y2$WQ;2B9X: M-M.HSC#64J462[I9C9SHFF`6"S!V+I0^%X_!&JMKL>=H3`I/]W_@(&GS8C2& M=7Q12AJVY`>*I@1^\P1%DMNVE9=:WZ0%QO&X]@I)M]$ZW9MI6VMEMLK&@',4 MH#&NOHN]4=HVBLDIR'T0M]6'Q3]1)-RF%\K8`[Y8+>ZSNE9'@+=^:U(:?R\/ M%/?1R;[*HY/"9YSL.SHO1=Z.TT8D(6,V3""Z;Z;4G2)TC^;#,VE`C^H MW*;AVGJ\4NJ?UG9[=,,Z@F&WHH9Q=*L]^:LJ^3:W"M_BZ&(MZ8[40<5!]4%% M)M+)9.H]E+C"`30&N_Z0I-DZY$\B*JI^'#\T/GX0`O-QYO!QYF"`YZ6C,X=] M4/7$$!2[.W/(M#0+T.9G#B:`IP2`XIF#B;"U=.9@`71R&AKEOF[MS,$$^+HX M20&"]S!S`36@)'Q)XJR>/V\ MH:.BBATD4=:PXX,B32]$+M.08:N8#I6TX)2V@Q$JRK7D9#1LH+C,VO[@OJ06 M%(X3%34L(86B@G8&MDA.;U+]J_FP6=`.&DCJU=+#*<.6G3+`6XBY--Q-'T89 M=0HY#-F;V>AUZ+MI/AI80<_9+DT`.$IE,4KCF^A_PK MD=65C.-);<@5V,/7W$Y_!NS!XEF#(Y[>IG1".`2ODBJ;*T'/KD% M-71?V14HN4MAQ<*V$T1!:SN'C\L8/1#Y"V*;96UGB+S2=FY=+_$3'J%@)#>* M<$I;3Q(%M6W,=;$VC+)S1<\+8U!E9>?,)J)G#>J2;"=76R;I^/Z:IO'IVVSN MDU>$LKS(FS;A$$U8SSA:M<6#38;5LX6UB^8P=OTK$B:A]Q-?QL/4#7+A^(4+ M:4D![XAA#8UBYVG2(IV#U,JJO'#16D=@K;ZM%%(P0*<92C61)76J\FQ9>9;$ MJ_2.R%/#$!T?-FFBT>+)RQUZ0D&<1*&'?V'1"P!1M7=$I5JF:.NLRJ3X>]*C MT!:,/&W[G96&&*N>F.1=[L*[#N6%K6>'O-9MI>HQ:27#'4!7MA`XB10DV,ZE MIJ9HZ1:N86^6<@][<_86#D>B:L:1J2GZ?#XIF/(H8AF^?@AU-#.C=P=BERV4?CFA@$,FK00%F&,/6ZB>''% MHA6/P8H'6\Z3FCIWO)TR9KJ1GF;L8X:DCIU&>=!UJ"&8FFL^T#&.(]T=@\GK MOYB#&N$H`E``HH9]1L+63`,@&Z.0T-"J73%L)@(R`K]'D5ZV74:"=^3YY M9BO[*Q)>DO@Q&L?^9DH+P3,4%1E%D\!&[$2[LT(*M4VXFZO=::ILC2=MF?/W M?@K&I[=Q1",W8.G%Q1[QC2KVT$59R[9R4QO*CI\L`;CD0MU32VUE'=)E5392E?4 M*;#WR)#.60&$K`LJ4^?=N*!,@H\/1RT7E`A*BUQ0)J$H!*2V"\I(0)N[H$P` M3PD`11>4B;"UY(*R`#HY#8WR9K3F@C(!OD:37[5>1H'&,B'"XFP8$A;9:G3^ M^BM%H^O@=HY"E]T\/?,B_)2>[%>OH=4%F0MZ-7Z;P+>DN[FK6U`PC>!RPT\% M5BAC'+8M052*O4#M3AV-NK)1C_XOINDM=?:@`2R;])<'[.^54^Z,;; M[RO:K.,HU)K2AIGJF\DF&\NSEU#=F*;I["<8K[2%I"[I="QL:A*B MN\:8M5[77IHU-T.GF4%.3"%4$OUFW<;\[+GR`MXCM91LT30(L6#(4O9^U9\= M+Z9N,$$TTS\7DRE-.AGDHSPK3I0JHNUE7.=6:AKZN.WI\VVXZ"Z7&AVR->DTB6J3P MI^8:$NSG5U-CM!0'T"B*R7O$&U]**]JT#S8]MHQ@#6W15MQ`H^(]<6QR'3PA MVL;MQPI!QA&N[=N/JKJ;Y=%MZ?#EAEYGT->9,W7O"_'[HUM$E;N3.W8(.Y=!\VW6!6 M"#*.=VUO,%5UM_$>XQV:9V/\[3B?;I+#(E[QHKWVP5XG1HY1JI!O MLP=+V`=_L/.')]=G/7"(H%VC];-<#M-41+P?KC6V2M,KB-O#MC.`(`Q?P=J5 MH5UEZA8M>0"6/'U7_)(Q1],;@QFQY@F5[R,WC-XSO?H?_%JW1TO7!E."?0LV MMP*:Z'4?S^=^X@IT_45HV.M@3,*9*Y-`2JZV<2-8;?]G$X4[7=+K"TF1.YO/ MPG/HJ&(>41K@+?!4R:C>QG!1"53N] MC;^:B2J]XHB M!=\FJ>);;QN3/'%3XH-N]\R'&[U>HC'V5B%W!3O'(Y7L:;F/_0=UTL\Y?\L^ MJ'OWF&L<39LFOXVLJONQGVR\GQ1#8]_&,M7S@LSF)$A.520VF&5US,6UUEPK MK:($Q'U-J][$1-4+WER1HG9'H)WFXT1U+$K6NR(%C=JGY%*J5L*V4^9Y\2SVV9(DN37(]`[1%`44/Z'TY*@26.GZ5@+>3'ONE5\=1%BS0J77 MK[1L4<4!J+B__0#+:\H]<[?`"6\2F"T[X8OHF3$FM^"S-0DQH?$5_;5%R,Q8 M![7DK]URV.2T,ZNO=7/@M>5`JFEIU#JF->>[21"VZ7PW$[1U-Q87M/6"YH)6 M;?\RX*1T:\G;7G4!7?FVGFSPH21"[T/H!A1:6AU[R:MD8JF+YYCGG&F-WX#C8\XK;0P,E#>T,P\3SE+&.`;WD=OS@O@Q9 MW&U`,XI"_!A';/GS0%+7.(SF1D&< MCM$TG+A!EJ)@=<$$)RFS\VU;IB]P_=75$\$]CI9D:YEDFC1]A?0#<.(4+88?`676.M&85%U% MQU!3TB+Y`42NLG'#@@QP^=[>0,WMZ\/?"1D]8]^_B&D$"^_P#OFIA:9XSM(& M9:%X(S>88%AYIVFK)+OVP6;77GSN[\[B@T[ABPY\TDF^Z:P^ZF1?U=!?%NV% M9JT;(3<.5H\"BC)T#`M2310-#VI"C!LF:D&='S=:T+^3E^T=CR!E<3D%`\/A MYL#`I.PR,4XB1T,?R.LAZ-'E175TW'Q+1/VSM*QQW;`*AGQOD]=F&SO5/8+/ ML9"MDCWJ:+-'K41T<.0C&(O2?M\C\(G["%Z!PN`();NB2>;/7$A M-''1+,0Z2[DZ3D71A'G8[]"<'1$'$]%+7VYQ+4>Z:ZV1[YP2-8WKHR*H"L>\ M-?7;OG[*[M7@-&\C"\!*`J8N"CPLW4]/-_MI3FC258MB-;V[Y&@I/:DJRM#U MO%381%'?5A-B7#>O!?7ZJ]2&^K_M,/!EC^GPZ%($__A_4$L#!!0````(`$%V M:#_QFJS,T`8``!TR```9`!P`8VEK,#`P,#8X-C(R+3(P,3$P.3,P+GAS9%54 M"0`#Z8>Y3NF'N4YU>`L``00E#@``!#D!``#M6EMOVS88?1^P_\#I91M0659N MK8VD1>(VA0$W2>-LZ%M!2[1-1")=DHKC?[^/U,629]RF;G5F1M+'T*+4^O/_UE]/?;/O;Q>T( M^=R+0L(4\@3!BOAH2=4<#027I].8DQ`BJP>29E0MO>=CA8@:HKNM\^S(:&SLK M-NP_3D1`"^:Z)04<.I1)A9E'4ON`LOL:<]T]@:0S^I)]$HW;Z_41(@6#B.5, MUL+X*O.<+_.Q$W>FII0]0,)%4TF\SHP_.'&?*83==>U#UX*Q@M`I9HPKK&!, MF]^Z9;&@;,J3G]"@Q>D+'I`[2!+IB[]NAQ6%UKW.&`A-\@/.)`^HKT=XUBBO MI]<+(HQ/:2'JGUEM`%E<:60^F5)&308PLKM=9*,,"M=YRG6'1-=3M&8]=3:I M-KU$<`-?L_?F>B&(!`X#'4%#@DY,ZI`>#KPH>`)P'5DU+FE-E7I)`0<\A"+, M"9,PY0UAE@U)0R6W(>LE/6@C:8$>Q?Q[<7>+>X$#/;N/YP16L!HIBW;UPAW6 M"Y=0H9AK+U++.Q#+^67`ETUGT+5]O6A'K>XV($6&=2]?0;Z/R8-E^O><^9^8 MHFHUA)55A";^6+A&EO62=7M:LI0@?PED*&9#.;J]5BWGPQMXG&=J3A2%E)I. MCD70KIGRN/E,B?XH4/^YE_.),V=361N`=\VIM?)6S:E[H9\G]%AQ[W[.`Y^( M\:SNE"PE/D-2Q"8@BU8#,Z"HX,D\ M]1I?:.T,Q=[V`Z!B`(PXF]T1_25RHC9U+?35RW54EDNC;0U'&K\7H$*`,7D@ M(O[`7JS^NJ.^],?ETF?0?=4KJGZ)J?@;!Q%9-VW6?YM)O1(G924T"3(LN?:] M*A6JQ)]M[_`C*:TQ^:YZ%=Z658C!R*#WQ:\H_HW@?N0IO6"/B7B@'I&W,(^P MJ"Q&G6F].._*XJ1D9OE.Z5#*MY>K0JX!#T.JS.LD%`Y>-!5E,\(\6I:KSK1> MKEY9KAR94:Q`]S]02_^G-[AOR129[>N^W@(^LR0-%X'>]C9M$?,R=(>Y%O$`X@2N>G%P!T;UN`S:'R0B7(O^R_>14#M2P] M+8M[\K21T8MO.49F^I-ULS@"(0JHUD%L/]K4<&"F`.WUN/U8S$;4\X>B;JD: M"\FA,/-@5CBW]KUN__=\(I7`'A1#)['>,]YA2P-8*?2UH2*A?K2!;".`415IAL^"1XO4D(*)A7!"FE+%?3"34N[?&5H_$LE'^)V9 M9E\E-M/:UO':J5:;8^[/JOZ;$+.B,)B]0QUXC5(`L``00E#@``!#D!``!02P$"'@,4````"`!!=F@_(X.H_0D+```) MH@``'0`8```````!````I($\3```8VEK,#`P,#8X-C(R+3(P,3$P.3,P7V-A M;"YX;6Q55`4``^F'N4YU>`L``00E#@``!#D!``!02P$"'@,4````"`!!=F@_ M&C>B?S40``"-&`$`'0`8```````!````I(&<5P``8VEK,#`P,#8X-C(R+3(P M,3$P.3,P7V1E9BYX;6Q55`4``^F'N4YU>`L``00E#@``!#D!``!02P$"'@,4 M````"`!!=F@_T/[#%X8E```>)P(`'0`8```````!````I($H:```8VEK,#`P M,#8X-C(R+3(P,3$P.3,P7VQA8BYX;6Q55`4``^F'N4YU>`L``00E#@``!#D! M``!02P$"'@,4````"`!!=F@_5/+Q>+47``##EP$`'0`8```````!````I($% MC@``8VEK,#`P,#8X-C(R+3(P,3$P.3,P7W!R92YX;6Q55`4``^F'N4YU>`L` M`00E#@``!#D!``!02P$"'@,4````"`!!=F@_\9JLS-`&```=,@``&0`8```` M```!````I($1I@``8VEK,#`P,#8X-C(R+3(P,3$P.3,P+GAS9%54!0`#Z8>Y F3G5X"P`!!"4.```$.0$``%!+!08`````!@`&`$H"```TK0`````` ` end XML 24 R9.htm IDEA: XBRL DOCUMENT v2.3.0.15
Basis Of Presentation
9 Months Ended
Sep. 30, 2011
Basis Of Presentation [Abstract]
Basis Of Presentation
(1) Basis of Presentation

On April 1, 2011, our indirect parent QCII became a wholly owned subsidiary of CenturyLink, Inc. in a tax-free, stock-for-stock transaction. Although we continued as a surviving corporation and legal entity after the acquisition, the accompanying consolidated statements of operations, comprehensive income, cash flows and stockholders' equity (deficit) are presented for two periods: predecessor and successor, which relate to the period preceding the acquisition and the period succeeding the acquisition, respectively. The recognition of assets and liabilities at fair value has been reflected in our financial statements and therefore has resulted in a new basis of accounting for the "successor period" beginning on April 1, 2011. This new basis of accounting means that our financial statements for the successor periods are not comparable to our previously reported financial statements, including the predecessor period financial statements in this report.

The predecessor consolidated balance sheet as of December 31, 2010, which was derived from our audited financial statements, and our unaudited interim consolidated financial statements provided herein have been prepared in accordance with the instructions for Form 10-Q. Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been condensed or omitted pursuant to rules and regulations of the Securities and Exchange Commission, or SEC; however, in our opinion, the disclosures made are adequate to make the information presented not misleading. We believe that these consolidated financial statements include all normal recurring adjustments necessary to fairly present the results for the interim periods. The results of operations for the first nine months of the year are not indicative of the results of operations that might be expected for the entire year. These consolidated financial statements should be read in conjunction with the audited consolidated financial statements and the notes thereto included in our Annual Report on Form 10-K for the year ended December 31, 2010.

During the first quarter of 2011, we changed the definitions we use to classify expenses as cost of services and products and selling, general and administrative, and as a result, we reclassified previously reported amounts to conform to the current period presentation. We revised our definitions so that our expense classifications are more consistent with the expense classifications used by our new ultimate parent company, CenturyLink. These revisions resulted in the reclassification of $229 million and $699 million from selling, general and administrative to cost of services and products for the predecessor three and nine months ended September 30, 2010, respectively. Our current definitions are as follows:

•
Cost of services and products (exclusive of depreciation and amortization) are expenses incurred in providing products and services to our customers. These expenses include: employee-related expenses directly attributable to operating and maintaining our network (such as salaries, wages, benefits and professional fees); rents and utilities expenses; equipment sales expenses (such as modem expenses); costs for universal service funds ("USF") (which are federal and state funds that are established to promote the availability of telecommunications services to all consumers at reasonable and affordable rates, among other things, and to which we are often required to contribute); and other expenses directly related to our network.

•
Selling, general and administrative expenses are expenses incurred in selling products and services to our customers, corporate overhead and other operating expenses. These expenses include: employee-related expenses (such as salaries, wages, internal commissions, benefits and professional fees) directly attributable to selling products or services and employee-related expenses for administrative functions; marketing and advertising; taxes (such as property and other taxes) and fees; external commissions; bad debt expense; and other selling, general and administrative expenses.

These expense classifications may not be comparable to those of other companies. We also have reclassified certain other prior period amounts to conform to the current period presentation. These changes had no impact on total operating expenses or net income for any period.

We have reclassified certain prior year balance sheet amounts presented in our Annual Report on Form 10-K for the year ended December 31, 2010. We made these changes so that the classifications of our assets and liabilities are more consistent with the asset and liability classifications used by our new ultimate parent company, CenturyLink. These reclassifications primarily included combining $899 million non-current prepaid pension asset—affiliates and $2.501 billion non-current post-retirement, other post-employment benefits and other—affiliates into $1.602 billion non-current affiliates obligations, net. We also combined $193 million accounts receivable—affiliates, $180 million current portion of post-retirement, other post-employment benefits and other—affiliates into accounts payable—affiliates, net. We reclassified $220 million from accrued expenses and other current liabilities to accounts payable. In addition, we reclassified $25 million from capitalized software, net into net property, plant and equipment.

We provide to our affiliates telecommunications services that we also provide to external customers. In addition, we provide to our affiliates computer system development and support services. We also purchase services from our affiliates including telecommunications services and marketing and employee-related support services. In the normal course of business, we transfer assets and liabilities to and from CenturyLink and its affiliates based on carrying value. We have recorded $28 million of non-cash dividends associated with asset transfers to CenturyLink during the six months ended September 30, 2011.

Recent Accounting Pronouncements.

•
In September 2011, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") 2011-08, Intangible—Goodwill and Other (Topic 350): Testing Goodwill for Impairment. This update simplifies the goodwill impairment assessment by allowing a company to first review qualitative factors to determine the likelihood of whether the fair value of a reporting unit is less than its carrying amount before applying the two-step goodwill impairment test. If it is determined that it is more likely than not that the fair value of a reporting unit is greater than its carrying amount, the company would not be required to perform the two-step goodwill impairment test for that reporting unit. This update is effective for interim and annual goodwill impairment tests performed for fiscal years beginning after December 15, 2011 with early adoption permitted. This ASU, which we adopted during the third quarter of 2011, did not have any impact on our consolidated financial statements.

•
In October 2009, the FASB issued ASU 2009-13, Revenue Recognition (Topic 605): Multiple-Deliverable Revenue Arrangements. This update requires the use of the relative selling price method when allocating revenue in these types of arrangements. This method requires a vendor to use its best estimate of selling price if neither vendor specific objective evidence nor third party evidence of selling price exists when evaluating multiple deliverable arrangements. This standard update was effective for us on January 1, 2011 and we have adopted it prospectively for revenue arrangements entered into or materially modified after January 1, 2011. This standard update has not had and will not have a material impact on our consolidated financial statements.
X
- Details
Name: us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract
Namespace Prefix: us-gaap
Data Type: xbrli:stringItemType
Balance Type: na
Period Type: duration
X
- Definition
The entire disclosure for organization, consolidation and basis of presentation of financial statements disclosure.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 720

-SubTopic 15

-URI http://asc.fasb.org/subtopic&trid=2122524

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 810

-SubTopic 10

-Section 50

-Paragraph 1

-URI http://asc.fasb.org/extlink&oid=6921930&loc=d3e5614-111684

Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 810

-SubTopic 10

-Section 50

-Paragraph 8

-URI http://asc.fasb.org/extlink&oid=6970148&loc=SL6228881-111685

Reference 4: http://www.xbrl.org/2003/role/presentationRef

-Name Statement of Position (SOP)

-Publisher AICPA

-Number 94-6

-Paragraph 10

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 5: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 272

-SubTopic 10

-Section 50

-Paragraph 3

-URI http://asc.fasb.org/extlink&oid=6373374&loc=d3e70478-108055

Reference 6: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 205

-SubTopic 10

-Section 50

-Paragraph 1

-URI http://asc.fasb.org/extlink&oid=6359566&loc=d3e326-107755

Reference 7: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name FASB Staff Position (FSP)

-Number FAS140-4/FIN46(R)-8

-Paragraph 8, C1, C7

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 8: http://www.xbrl.org/2003/role/presentationRef

-Name FASB Interpretation (FIN)

-Publisher FASB

-Number 46R

-Paragraph 4, 14, 15

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 9: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 852

-SubTopic 10

-URI http://asc.fasb.org/subtopic&trid=2209116

Reference 10: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 275

-SubTopic 10

-URI http://asc.fasb.org/subtopic&trid=2134480

Reference 11: http://www.xbrl.org/2003/role/presentationRef

-Publisher AICPA

-Name Accounting Research Bulletin (ARB)

-Number 51

-Paragraph 2-6

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 12: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 915

-SubTopic 235

-Section 50

-Paragraph 1

-URI http://asc.fasb.org/extlink&oid=6472506&loc=d3e38932-110933

Reference 13: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 205

-SubTopic 10

-URI http://asc.fasb.org/subtopic&trid=2122150

Reference 14: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 205

-SubTopic 10

-Section 45

-Paragraph 3

-URI http://asc.fasb.org/extlink&oid=6359553&loc=d3e288-107754

Reference 15: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 235

-SubTopic 10

-Section 50

-Paragraph 3

-URI http://asc.fasb.org/extlink&oid=6367646&loc=d3e18780-107790

Reference 16: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 810

-SubTopic 10

-URI http://asc.fasb.org/subtopic&trid=2197480

+ Details
Name: us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsDisclosureTextBlock
Namespace Prefix: us-gaap
Data Type: nonnum:textBlockItemType
Balance Type: na
Period Type: duration
XML 25 R10.htm IDEA: XBRL DOCUMENT v2.3.0.15
Acquisition Of QCII By CenturyLink
9 Months Ended
Sep. 30, 2011
Acquisition Of QCII By CenturyLink [Abstract]
Acquisition Of QCII By CenturyLink
(2) Acquisition of QCII by CenturyLink

On April 1, 2011, our indirect parent QCII became a wholly owned subsidiary of CenturyLink.

Since April 1, 2011, our results of operations have been included in the consolidated results of operations of CenturyLink. CenturyLink has accounted for its acquisition of QCII and us under the acquisition method of accounting, which resulted in the assignment of the purchase price to the assets acquired and liabilities assumed based on preliminary estimates of their acquisition date fair values. The determination of the fair values of the acquired assets and assumed liabilities (and the related determination of estimated lives of depreciable tangible and identifiable intangible assets) requires significant judgment. As such, we have not completed our valuation analysis and calculations in sufficient detail necessary to arrive at the final estimates of the fair values of the acquired assets and assumed liabilities, along with the related allocations to goodwill and intangible assets. As such, all information presented is preliminary and subject to revision pending the final fair market valuation analysis. We expect to complete our final fair value determinations no later than the first quarter of 2012. Our final fair value determinations may be significantly different than those reflected in our consolidated financial statements as of September 30, 2011.

Based on our preliminary estimate, the aggregate consideration exceeds the aggregate estimated fair value of the acquired assets and assumed liabilities of us by $9.282 billion, which amount has been recognized as goodwill. This goodwill is attributable to strategic benefits, including enhanced financial and operational scale, market diversification and leveraged combined networks that we expect to realize. None of the goodwill associated with this acquisition is deductible for income tax purposes. Our aggregate consideration allocation is based on our preliminary estimate of enterprise value of $18.661 billion less the fair value of our debt of $8.688 billion.

The following is our preliminary assignment of the aggregate consideration:

 April 1, 2011

 (Dollars in millions)

Cash, accounts receivable and other current assets
 $ 1,101

Property, plant and equipment
 7,427

Identifiable intangible assets


Customer relationships
 6,052

Capitalized software
 1,702

Other noncurrent assets
 200

Current liabilities, excluding current maturities of long-term debt
 (2,466)

Current maturities of long-term debt
 (2,378)

Long-term debt
 (6,310)

Deferred credits and other liabilities
 (4,637)

Goodwill
 9,282



Aggregate consideration
 $ 9,973



We have recognized $16 million and $139 million of expense associated with the our activities related to the CenturyLink acquisition during the successor three months and six months ended September 30, 2011, respectively. These expenses were comprised of primarily severance, retention bonuses, share-based compensation and system integration consulting. During the predecessor three months ended March 31, 2011, we had recognized $2 million of expenses associated with our activities related to the acquisition. As of April 1, 2011, as part of acquisition accounting, we also included in our goodwill $22 million for certain performance awards and $14 million related to retention bonuses, all of which were contingent on the completion of the acquisition and had no benefit to CenturyLink after the acquisition.

CenturyLink has cash management arrangements between certain of its subsidiaries, including us, under which the majority of our cash balance is transferred on a daily basis to CenturyLink as a short-term affiliate loan.

X
- Definition
The entire disclosure for a business combination (or series of individually immaterial business combinations) completed during the period, including background, timing, and recognized assets and liabilities. The disclosure may include leverage buyout transactions (as applicable).
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 141

-Paragraph 51, 52

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 805

-SubTopic 10

-Section 50

-Paragraph 6

-URI http://asc.fasb.org/extlink&oid=6909870&loc=d3e1500-128463

Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 805

-SubTopic 30

-Section 50

-Paragraph 3

-URI http://asc.fasb.org/extlink&oid=6911361&loc=d3e7000-128479

Reference 4: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 805

-SubTopic 30

-Section 50

-Paragraph 1

-URI http://asc.fasb.org/extlink&oid=6911361&loc=d3e6927-128479

Reference 5: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 805

-SubTopic 30

-Section 50

-Paragraph 4

-URI http://asc.fasb.org/extlink&oid=6911361&loc=d3e7008-128479

Reference 6: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 805

-SubTopic 10

-Section 50

-Paragraph 4

-URI http://asc.fasb.org/extlink&oid=6909870&loc=d3e1490-128463

Reference 7: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 805

-SubTopic 30

-Section 50

-Paragraph 2

-URI http://asc.fasb.org/extlink&oid=6911361&loc=d3e6996-128479

Reference 8: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 805

-SubTopic 20

-Section 50

-Paragraph 2

-URI http://asc.fasb.org/extlink&oid=6910749&loc=d3e4922-128472

Reference 9: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 805

-SubTopic 20

-Section 50

-Paragraph 4

-URI http://asc.fasb.org/extlink&oid=6910749&loc=d3e4934-128472

Reference 10: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 141R

-Appendix F

-Paragraph F4

-Subparagraph e

Reference 11: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 805

-SubTopic 20

-Section 50

-Paragraph 3

-URI http://asc.fasb.org/extlink&oid=6910749&loc=d3e4926-128472

Reference 12: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 805

-SubTopic 10

-Section 50

-Paragraph 1

-URI http://asc.fasb.org/extlink&oid=6909870&loc=d3e1383-128463

Reference 13: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 805

-SubTopic 10

-Section 50

-Paragraph 2

-URI http://asc.fasb.org/extlink&oid=6909870&loc=d3e1392-128463

Reference 14: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 805

-SubTopic 10

-Section 50

-Paragraph 5

-URI http://asc.fasb.org/extlink&oid=6909870&loc=d3e1497-128463

Reference 15: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 141R

-Paragraph 67-73

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 16: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 805

-SubTopic 10

-Section 50

-Paragraph 7

-URI http://asc.fasb.org/extlink&oid=6909870&loc=d3e1524-128463

Reference 17: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Emerging Issues Task Force (EITF)

-Number 88-16

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 18: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 805

-SubTopic 10

-Section 50

-Paragraph 3

-URI http://asc.fasb.org/extlink&oid=6909870&loc=d3e1486-128463

Reference 19: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 805

-SubTopic 20

-Section 50

-Paragraph 1

-URI http://asc.fasb.org/extlink&oid=6910749&loc=d3e4845-128472

+ Details
Name: us-gaap_BusinessCombinationDisclosureTextBlock
Namespace Prefix: us-gaap
Data Type: nonnum:textBlockItemType
Balance Type: na
Period Type: duration
X
- Details
Name: us-gaap_BusinessCombinationsAbstract
Namespace Prefix: us-gaap
Data Type: xbrli:stringItemType
Balance Type: na
Period Type: duration
XML 26 report.css IDEA: XBRL DOCUMENT /* Updated 2009-11-04 */ /* v2.2.0.24 */ /* DefRef Styles */ ..report table.authRefData{ background-color: #def; border: 2px solid #2F4497; font-size: 1em; position: absolute; } ..report table.authRefData a { display: block; font-weight: bold; } ..report table.authRefData p { margin-top: 0px; } ..report table.authRefData .hide { background-color: #2F4497; padding: 1px 3px 0px 0px; text-align: right; } ..report table.authRefData .hide a:hover { background-color: #2F4497; } ..report table.authRefData .body { height: 150px; overflow: auto; width: 400px; } ..report table.authRefData table{ font-size: 1em; } /* Report Styles */ ..pl a, .pl a:visited { color: black; text-decoration: none; } /* table */ ..report { background-color: white; border: 2px solid #acf; clear: both; color: black; font: normal 8pt Helvetica, Arial, san-serif; margin-bottom: 2em; } ..report hr { border: 1px solid #acf; } /* Top labels */ ..report th { background-color: #acf; color: black; font-weight: bold; text-align: center; } ..report th.void { background-color: transparent; color: #000000; font: bold 10pt Helvetica, Arial, san-serif; text-align: left; } ..report .pl { text-align: left; vertical-align: top; white-space: normal; width: 200px; word-wrap: break-word; } ..report td.pl a.a { cursor: pointer; display: block; width: 200px; } ..report td.pl div.a { width: 200px; } ..report td.pl a:hover { background-color: #ffc; } /* Header rows... */ ..report tr.rh { background-color: #acf; color: black; font-weight: bold; } /* Calendars... */ ..report .rc { background-color: #f0f0f0; } /* Even rows... */ ..report .re, .report .reu { background-color: #def; } ..report .reu td { border-bottom: 1px solid black; } /* Odd rows... */ ..report .ro, .report .rou { background-color: white; } ..report .rou td { border-bottom: 1px solid black; } ..report .rou table td, .report .reu table td { border-bottom: 0px solid black; } /* styles for footnote marker */ ..report .fn { white-space: nowrap; } /* styles for numeric types */ ..report .num, .report .nump { text-align: right; white-space: nowrap; } ..report .nump { padding-left: 2em; } ..report .nump { padding: 0px 0.4em 0px 2em; } /* styles for text types */ ..report .text { text-align: left; white-space: normal; } ..report .text .big { margin-bottom: 1em; width: 17em; } ..report .text .more { display: none; } ..report .text .note { font-style: italic; font-weight: bold; } ..report .text .small { width: 10em; } ..report sup { font-style: italic; } ..report .outerFootnotes { font-size: 1em; } XML 27 R11.htm IDEA: XBRL DOCUMENT v2.3.0.15
Goodwill, Customer Relationships And Other Intangible Assets
9 Months Ended
Sep. 30, 2011
Goodwill, Customer Relationships And Other Intangible Assets [Abstract]
Goodwill, Customer Relationships And Other Intangible Assets
(3) Goodwill, Customer Relationships and Other Intangible Assets

Goodwill, customer relationships and other intangible assets as of September 30, 2011 and December 31, 2010 consisted of the following:

 Successor Predecessor

 September 30,
2011 December 31,
2010

 (Dollars in millions)

Goodwill
 $ 9,282 —





Customer relationships, less accumulated amortization of $401 and $—
 $ 5,651 —





Other intangible assets subject to amortization


Capitalized software, less accumulated amortization of $236 and $1,741
 $ 1,541 888





At September 30, 2011, the gross carrying amounts of goodwill, customer relationships and other intangible assets were $17.111 billion. These assets were recorded at fair value on April 1, 2011 as a result of CenturyLink's indirect acquisition of us. We expect to complete the final determination of these acquisition date fair value estimates and related estimated lives for amortizable intangible assets no later than the first quarter of 2012.

Total amortization expense for intangible assets was as follows:

Successor Predecessor

Three months
ended
September 30,
2011 Six months
ended
September 30,
2011 Three months
ended
March 31,
2011 Three months
ended
September 30,
2010 Nine months
ended
September 30,
2010

(Dollars in millions)

Amortization expense for intangible assets
$ 318 637 58 56 165

We amortize customer relationships primarily over an estimated life of 10 years, using either the sum-of-the-years-digits or straight-line methods, depending on the type of customer. We amortize capitalized software using the straight-line method over estimated lives ranging up to seven years. We estimate that total successor amortization expense for intangible assets for the three months ending December 31, 2011 and for the successor years ending December 31, 2012 through 2015 will be as follows:

 (Dollars in millions)

Three months ending December 31, 2011
 $ 316

Year ending December 31,


2012
 $ 1,140

2013
 $ 1,053

2014
 $ 965

2015
 $ 844

We periodically review the estimated lives and methods used to amortize our intangible assets. The actual amounts of amortization expense may differ materially from our estimates, depending on the results of our periodic reviews and our final determinations of acquisition date fair value related to our intangible assets.

We are required to review goodwill recorded in business combinations for impairment at least annually, or more frequently if events or a change in circumstances indicate that an impairment may have occurred. Our annual measurement date for testing goodwill impairment is September 30. We are required to write-down the value of goodwill only in periods in which the recorded amount of goodwill exceeds the fair value. The impairment testing is done at the reporting unit level; in reviewing the criteria for reporting units when allocating the goodwill resulting from our indirect acquisition by CenturyLink, it was determined that we are one reportable unit.

We early adopted the provisions of ASU 2011-08, Testing Goodwill for Impairment, during the third quarter, which permits us to make a qualitative assessment of whether it is more likely that not that a reporting unit's fair value is less than its carrying amount before applying the two step goodwill impairment test. If, after completing our qualitative assessment we determine that it is more likely that not that the carrying value exceeds estimated fair value, we compare the fair value to our carrying value (including goodwill). If the estimated fair value is greater than the carrying value, we conclude that no impairment exists. If the estimated fair value of the reporting unit is less than the carrying value, a second calculation is required in which the implied fair value of goodwill is compared to its carrying value. If the implied fair value of goodwill is less than its carrying value, goodwill must be written down to its implied fair value. We elected to early adopt the provisions of ASU 2011-8 and perform a qualitative assessment given the six month proximity of the goodwill impairment date and the acquisition date resulting in the creation of the goodwill.

We have accounted for the CentruryLink's indirect acquisition of us under the acquisition method of accounting, which resulted in the assignment of the aggregate consideration to the assets acquired and liabilities assumed based on-preliminary estimates of their acquisition date fair values. The fair value of the aggregate consideration transferred exceeded the acquisition date fair value of the recorded tangible and intangible assets, and assumed liabilities by an estimated $9.282 billion, which has been recognized as goodwill. The determination of the fair values of the acquired assets and assumed liabilities (and the related determination of estimated lives of depreciable tangible and identifiable intangible assets) requires significant judgment. As such, we have not completed our valuation analysis and calculations in sufficient detail necessary to arrive at the final estimates of the fair values of the acquired assets and assumed liabilities, along with the related allocations to goodwill and intangible assets. The amounts recorded related to the acquisition are preliminary and subject to revision pending the final fair market valuation analysis. We expect to complete our final fair value determinations no later than the first quarter of 2012. Our final fair value determinations may be significantly different than those reflected in our consolidated financial statements as of September 30, 2011.

As a result of the acquisition and related acquisition accounting, the carrying value of our assets and liabilities equaled our fair value as of April 1, 2011. A decrease in our fair value in excess of a reduction in our carrying value will result in us having a carrying value in excess of our fair value, which may result in an impairment of our goodwill. There is significant judgment in estimating the fair value of the company. The factors that most significantly impact our estimate of fair value include forecasted cash flows and risk adjusted discount rate. The applicable risk adjusted discount rate is impacted by the market risk free rate of return and our debt risk rating.

The qualitative analysis included assessing the impact of changes in certain factors from April 1, 2011 (the acquisition date on which all assets and liabilities were assigned a fair value) to September 30, 2011 (the goodwill impairment testing date), including (i) changes in forecasted operating results and comparing actual results to those utilized in the April 1, 2011 fair value assignment; (ii) changes in our weighted average cost of capital from April 1, 2011 to September 30, 2011; (iii) changes in the industry or our competitive environment since the acquisition date; (iv) changes in the overall economy, our market share, and interest rates since the acquisition date; (v) trends in the stock price of CenturyLink and related market capitalization and enterprise values; (vi) trends; (vi) trends in peer companies total enterprise value metrics; (vii) control premiums paid for recent industry transactions; and (viii) additional factors such as management turnover, changes in regulation, and changes in litigation matters.

Based on our qualitative assessment, we concluded that it was more likely that not that the estimated fair value of our reporting unit exceeded its carrying value as of September 30, 2011 and thus, determined it was not necessary to perform the two step goodwill impairment test. We believe the more impactful assessments include our actual results compared to those forecasted as of April 1, 2011 and the decline in our weighted average cost of capital since April 1, 2011. To date, our actual operating results have been comparable to those forecasted as of April 1, 2011 and, as of September 30, 2011, we believe the forecasted results of future periods are not materially different than those used as of April 1, 2011.

X
- Details
Name: us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract
Namespace Prefix: us-gaap
Data Type: xbrli:stringItemType
Balance Type: na
Period Type: duration
X
- Definition
The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 350

-SubTopic 20

-Section 50

-Paragraph 1

-URI http://asc.fasb.org/extlink&oid=6905597&loc=d3e13816-109267

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 350

-SubTopic 30

-Section 50

-Paragraph 1

-URI http://asc.fasb.org/extlink&oid=6905858&loc=d3e16265-109275

Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 142

-Paragraph 42, 43, 44, 45, 46, 47

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 4: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 350

-SubTopic 30

-Section 50

-Paragraph 3

-URI http://asc.fasb.org/extlink&oid=6905858&loc=d3e16373-109275

Reference 5: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 350

-SubTopic 30

-Section 50

-Paragraph 2

-URI http://asc.fasb.org/extlink&oid=6905858&loc=d3e16323-109275

Reference 6: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 350

-SubTopic 20

-Section 50

-Paragraph 2

-URI http://asc.fasb.org/extlink&oid=6905597&loc=d3e13854-109267

+ Details
Name: us-gaap_GoodwillAndIntangibleAssetsDisclosureTextBlock
Namespace Prefix: us-gaap
Data Type: nonnum:textBlockItemType
Balance Type: na
Period Type: duration
XML 28 R5.htm IDEA: XBRL DOCUMENT v2.3.0.15
Consolidated Balance Sheets (Parenthetical) (USD $)
In Millions, except Share data
Sep. 30, 2011
Successor [Member]
Dec. 31, 2010
Predecessor [Member]
Accounts receivable, allowance $ 31 $ 48
Common stock, shares outstanding 1 1
Common stock, no par value
X
- Definition
A valuation allowance for trade and other receivables due to an Entity within one year (or the normal operating cycle, whichever is longer) that are expected to be uncollectible.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 02

-Paragraph 4

-Article 5

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 310

-SubTopic 10

-Section 50

-Paragraph 4

-URI http://asc.fasb.org/extlink&oid=6965416&loc=d3e5074-111524

Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 210

-SubTopic 10

-Section S99

-Paragraph 1

-Subparagraph (SX 210.5-02.4)

-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

+ Details
Name: us-gaap_AllowanceForDoubtfulAccountsReceivableCurrent
Namespace Prefix: us-gaap
Data Type: xbrli:monetaryItemType
Balance Type: credit
Period Type: instant
X
- Definition
Issuance value per share of no-par value common stock; generally not indicative of the fair market value per share.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 02

-Paragraph 30

-Article 5

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 129

-Paragraph 4

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 210

-SubTopic 10

-Section S99

-Paragraph 1

-Subparagraph (SX 210.5-02.29)

-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

+ Details
Name: us-gaap_CommonStockNoParValue
Namespace Prefix: us-gaap
Data Type: num:perShareItemType
Balance Type: na
Period Type: instant
X
- Definition
Total number of shares of common stock held by shareholders. May be all or portion of the number of common shares authorized. These shares represent the ownership interest of the common shareholders. Shares outstanding equals shares issued minus shares held in treasury and other adjustments, if any.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 505

-SubTopic 10

-Section S99

-Paragraph 1

-Subparagraph (SX 210.3-04)

-URI http://asc.fasb.org/extlink&oid=6959260&loc=d3e187085-122770

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 505

-SubTopic 10

-Section 50

-Paragraph 2

-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21463-112644

Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher AICPA

-Name Accounting Principles Board Opinion (APB)

-Number 12

-Paragraph 10

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 4: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 210

-SubTopic 10

-Section S99

-Paragraph 1

-Subparagraph (SX 210.5-02.29)

-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 5: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 04

-Article 3

Reference 6: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 02

-Paragraph 30

-Article 5

+ Details
Name: us-gaap_CommonStockSharesOutstanding
Namespace Prefix: us-gaap
Data Type: xbrli:sharesItemType
Balance Type: na
Period Type: instant
XML 29 R7.htm IDEA: XBRL DOCUMENT v2.3.0.15
Consolidated Statements Of Cash Flows (Parenthetical) (USD $)
In Millions
6 Months Ended 3 Months Ended 9 Months Ended
Sep. 30, 2011
Successor [Member]
Mar. 31, 2011
Predecessor [Member]
Sep. 30, 2010
Predecessor [Member]
Interest paid, capitalized $ 5 $ 3 $ 8
X
- Definition
The amount of cash paid during the current period for interest that is capitalized.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 95

-Paragraph 29

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 230

-SubTopic 10

-Section 45

-Paragraph 25

-Subparagraph (e)

-URI http://asc.fasb.org/extlink&oid=6943989&loc=d3e3536-108585

Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 230

-SubTopic 10

-Section 50

-Paragraph 2

-URI http://asc.fasb.org/extlink&oid=6367179&loc=d3e4297-108586

+ Details
Name: us-gaap_InterestPaidCapitalized
Namespace Prefix: us-gaap
Data Type: xbrli:monetaryItemType
Balance Type: credit
Period Type: duration
XML 30 R16.htm IDEA: XBRL DOCUMENT v2.3.0.15
Products And Services Revenues
9 Months Ended
Sep. 30, 2011
Products And Services Revenues [Abstract]
Products And Services Revenues
(8) Products and Services Revenues

We are an integrated communications company engaged primarily in providing an array of communications services in 14 states, including local, network access, broadband, other data services and video services. We strive to maintain our customer relationships by, among other things, bundling our service offerings to provide our customers with a complete offering of integrated communications services. We categorize our products and services into the following three categories:

•
Strategic services, which include primarily private line (including special access), broadband, video (DIRECTV) and Verizon Wireless services;

•
Legacy services, which include primarily local, switched access, integrated services digital network, ("ISDN"), and traditional wide area network, ("WAN"), services; and

•
Affiliates and other services, which consist primarily of services we provide to our affiliates and USF surcharges. We provide to our affiliates data, local services and billing and collections services that we also provide to external customers. In addition, we provide to our affiliates: marketing, sales and advertising services; computer system development and support services; network support and technical services; and other support services, such as legal, regulatory, finance and accounting, tax and human resources.

Since the April 1, 2011 closing of CenturyLink's indirect acquisition of us, our operations are integrated into and reported as part of the segments of CenturyLink. CenturyLink's chief operating decision maker ("CODM") has become our CODM, but reviews our financial information on an aggregate basis only in connection with our quarterly and annual reports that we file with the SEC. Consequently, we do not provide our discrete financial information to the CODM on a regular basis.

Our operating revenues for our products and services consisted of the following categories for the successor three and six months ended September 30, 2011 and predecessor three months ended March 31, 2011 and predecessor three and nine months ended September 30, 2010:

Successor Predecessor

Three months
ended
September 30,
2011 Six months
ended
September 30,
2011 Three months
ended
March 31,
2011 Three months
ended
September 30,
2010 Nine months
ended
September 30,
2010

(Dollars in millions)

Strategic services
$ 804 1,604 793 774 2,281

Legacy services
918 1,863 1,001 1,067 3,280

Affiliates and other services
468 954 474 470 1,410

Total operating revenues
$ 2,190 4,421 2,268 2,311 6,971

Affiliates and other services revenues include revenue from universal support funds which allows us to recover a portion of our costs under federal and state cost recovery mechanisms and certain surcharges to our customers, including billings for our required contributions to several USF programs. These surcharge billings to our customers are reflected on a gross basis in our statements of operations (included in both operating revenues and expenses).

The table below presents the aggregate USF surcharges recognized on a gross basis:

 Successor Predecessor

 Three months
ended
September 30,
2011 Six months
ended
September 30,
2011 Three months
ended
March 31,
2011 Three months
ended
September 30,
2010 Nine months
ended
September 30,
2010

 (Dollars in millions)

Taxes and surcharges included in operating revenues and expenses
 $ 39 80 43 45 144
X
- Details
Name: us-gaap_SegmentReportingAbstract
Namespace Prefix: us-gaap
Data Type: xbrli:stringItemType
Balance Type: na
Period Type: duration
X
- Definition
The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 280

-SubTopic 10

-Section 50

-Paragraph 12

-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8595-108599

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 280

-SubTopic 10

-Section 50

-Paragraph 10

-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8538-108599

Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 280

-SubTopic 10

-Section 50

-Paragraph 33

-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8971-108599

Reference 4: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 280

-SubTopic 10

-Section 50

-Paragraph 34

-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8981-108599

Reference 5: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 280

-SubTopic 10

-Section 50

-Paragraph 29

-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8864-108599

Reference 6: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 280

-SubTopic 10

-Section 50

-Paragraph 1

-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8380-108599

Reference 7: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 280

-SubTopic 10

-Section 50

-Paragraph 35

-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8984-108599

Reference 8: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 280

-SubTopic 10

-Section 50

-Paragraph 41

-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9038-108599

Reference 9: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 280

-SubTopic 10

-Section 50

-Paragraph 32

-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8933-108599

Reference 10: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 131

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 11: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 280

-SubTopic 10

-Section 50

-Paragraph 30

-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8906-108599

Reference 12: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 280

-SubTopic 10

-Section 50

-Paragraph 26

-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8844-108599

Reference 13: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 280

-SubTopic 10

-Section 50

-Paragraph 40

-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9031-108599

Reference 14: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 280

-SubTopic 10

-Section 50

-Paragraph 42

-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9054-108599

Reference 15: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 280

-SubTopic 10

-Section 50

-Paragraph 31

-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8924-108599

+ Details
Name: us-gaap_SegmentReportingDisclosureTextBlock
Namespace Prefix: us-gaap
Data Type: nonnum:textBlockItemType
Balance Type: na
Period Type: duration
XML 31 R2.htm IDEA: XBRL DOCUMENT v2.3.0.15
Consolidated Statements Of Operations (USD $)
In Millions
3 Months Ended 6 Months Ended 3 Months Ended 9 Months Ended
Sep. 30, 2011
Successor [Member]
Sep. 30, 2011
Successor [Member]
Mar. 31, 2011
Predecessor [Member]
Sep. 30, 2010
Predecessor [Member]
Sep. 30, 2010
Predecessor [Member]
OPERATING REVENUES
Operating revenues $ 1,793 $ 3,609 $ 1,870 $ 1,923 $ 5,809
Operating revenues-affiliates 397 812 398 388 1,162
Total operating revenues 2,190 4,421 2,268 2,311 6,971
OPERATING EXPENSES
Cost of services and products (exclusive of depreciation and amortization) 624 1,215 626 665 1,946
Selling, general and administrative 458 1,032 501 509 1,554
Operating expenses-affiliates 76 149 52 51 143
Depreciation and amortization 620 1,243 451 470 1,402
Total operating expenses 1,778 3,639 1,630 1,695 5,045
OPERATING INCOME 412 782 638 616 1,926
OTHER INCOME (EXPENSE)
Interest expense (95) (183) (150) (150) (465)
Other income (1) 2 1 2
Total other income (expense) (95) (184) (148) (149) (463)
INCOME BEFORE INCOME TAX EXPENSE 317 598 490 467 1,463
Income tax expense 118 234 191 181 621
NET INCOME $ 199 $ 364 $ 299 $ 286 $ 842
X
- Definition
Costs associated with revenues arising from an entity that is an affiliate of the reporting entity by means of direct or indirect ownership.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 225

-SubTopic 10

-Section S99

-Paragraph 2

-Subparagraph (SX 210.5-03.2)

-URI http://asc.fasb.org/extlink&oid=6880815&loc=d3e20235-122688

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Article 4

-Section 08

-Paragraph k

-Subparagraph 1

Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 57

-Paragraph 2

-Subparagraph c

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 4: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 235

-SubTopic 10

-Section S99

-Paragraph 1

-Subparagraph (SX 210.4-08.(k)(1))

-URI http://asc.fasb.org/extlink&oid=6881521&loc=d3e23780-122690

+ Details
Name: us-gaap_AffiliateCosts
Namespace Prefix: us-gaap
Data Type: xbrli:monetaryItemType
Balance Type: debit
Period Type: duration
X
- Definition
The aggregate costs related to goods produced and sold and services rendered by an entity during the reporting period. This excludes costs incurred during the reporting period related to financial services rendered and other revenue generating activities.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Article 5

-Section 03

-Paragraph 2

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 225

-SubTopic 10

-Section S99

-Paragraph 2

-Subparagraph (SX 210.5-03.2(a),(d))

-URI http://asc.fasb.org/extlink&oid=6880815&loc=d3e20235-122688

+ Details
Name: us-gaap_CostOfGoodsAndServicesSold
Namespace Prefix: us-gaap
Data Type: xbrli:monetaryItemType
Balance Type: debit
Period Type: duration
X
- Definition
Total costs of sales and operating expenses for the period.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 225

-SubTopic 10

-Section S99

-Paragraph 2

-Subparagraph (SX 210.5-03)

-URI http://asc.fasb.org/extlink&oid=6880815&loc=d3e20235-122688

+ Details
Name: us-gaap_CostsAndExpenses
Namespace Prefix: us-gaap
Data Type: xbrli:monetaryItemType
Balance Type: debit
Period Type: duration
X
- Details
Name: us-gaap_CostsAndExpensesAbstract
Namespace Prefix: us-gaap
Data Type: xbrli:stringItemType
Balance Type: na
Period Type: duration
X
- Definition
The current period expense charged against earnings on long-lived, physical assets not used in production, and which are not intended for resale, to allocate or recognize the cost of such assets over their useful lives; or to record the reduction in book value of an intangible asset over the benefit period of such asset; or to reflect consumption during the period of an asset that is not used in production.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 230

-SubTopic 10

-Section 45

-Paragraph 28

-Subparagraph (b)

-URI http://asc.fasb.org/extlink&oid=6943989&loc=d3e3602-108585

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 95

-Paragraph 28

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher AICPA

-Name Accounting Principles Board Opinion (APB)

-Number 12

-Paragraph 5

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 4: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 360

-SubTopic 10

-Section 50

-Paragraph 1

-Subparagraph (a)

-URI http://asc.fasb.org/extlink&oid=6391035&loc=d3e2868-110229

+ Details
Name: us-gaap_DepreciationAndAmortization
Namespace Prefix: us-gaap
Data Type: xbrli:monetaryItemType
Balance Type: debit
Period Type: duration
X
- Definition
Sum of operating profit and nonoperating income or expense before Income or Loss from equity method investments, income taxes, extraordinary items, and noncontrolling interest.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Article 4

-Section 08

-Paragraph h

-Subparagraph 1(i)

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 235

-SubTopic 10

-Section S99

-Paragraph 1

-Subparagraph (SX 210.4-08.(h)(1)(i))

-URI http://asc.fasb.org/extlink&oid=6881521&loc=d3e23780-122690

+ Details
Name: us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
Namespace Prefix: us-gaap
Data Type: xbrli:monetaryItemType
Balance Type: credit
Period Type: duration
X
- Definition
The sum of the current income tax expense or benefit and the deferred income tax expense or benefit pertaining to continuing operations.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Glossary Income Tax Expense (or Benefit)

-URI http://asc.fasb.org/extlink&oid=6515339

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 740

-SubTopic 10

-Section 50

-Paragraph 9

-Subparagraph (a),(b)

-URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32639-109319

Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 08

-Paragraph h

-Article 4

Reference 4: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 109

-Paragraph 45

-Subparagraph a, b

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 5: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 235

-SubTopic 10

-Section S99

-Paragraph 1

-Subparagraph (SX 210.4-08.(h))

-URI http://asc.fasb.org/extlink&oid=6881521&loc=d3e23780-122690

+ Details
Name: us-gaap_IncomeTaxExpenseBenefit
Namespace Prefix: us-gaap
Data Type: xbrli:monetaryItemType
Balance Type: debit
Period Type: duration
X
- Definition
The cost of borrowed funds accounted for as interest that was charged against earnings during the period.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 835

-SubTopic 20

-Section 50

-Paragraph 1

-URI http://asc.fasb.org/extlink&oid=6450988&loc=d3e26243-108391

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 942

-SubTopic 225

-Section S99

-Paragraph 1

-Subparagraph (SX 210.9-04.9)

-URI http://asc.fasb.org/extlink&oid=6879574&loc=d3e536633-122882

Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 34

-Paragraph 21

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 4: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 04

-Paragraph 9

-Article 9

Reference 5: http://www.xbrl.org/2003/role/presentationRef

-Publisher OTS

-Name Federal Regulation (FR)

-Number Title 12

-Chapter V

-Section 563c.102

-Paragraph 9

-Subsection II

-LegacyDoc This is a non-GAAP reference that was included in the 2009 taxonomy. It will be removed from future versions of this taxonomy.

+ Details
Name: us-gaap_InterestExpense
Namespace Prefix: us-gaap
Data Type: xbrli:monetaryItemType
Balance Type: debit
Period Type: duration
X
- Definition
The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 944

-SubTopic 225

-Section S99

-Paragraph 1

-Subparagraph (SX 210.7-04.22)

-URI http://asc.fasb.org/extlink&oid=6879464&loc=d3e573970-122913

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 230

-SubTopic 10

-Section 45

-Paragraph 28

-URI http://asc.fasb.org/extlink&oid=6943989&loc=d3e3602-108585

Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 225

-SubTopic 10

-Section S99

-Paragraph 2

-Subparagraph (SX 210.5-03.18)

-URI http://asc.fasb.org/extlink&oid=6880815&loc=d3e20235-122688

Reference 4: http://www.xbrl.org/2003/role/presentationRef

-Publisher AICPA

-Name Accounting Research Bulletin (ARB)

-Number 51

-Paragraph 38

-Subparagraph a

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 5: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 260

-SubTopic 10

-Section 50

-Paragraph 1

-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

Reference 6: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 220

-SubTopic 10

-Section 45

-Paragraph 6

-URI http://asc.fasb.org/extlink&oid=6920043&loc=d3e565-108580

Reference 7: http://www.xbrl.org/2003/role/presentationRef

-Publisher AICPA

-Name Accounting Research Bulletin (ARB)

-Number 51

-Paragraph A7

-Appendix A

Reference 8: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 130

-Paragraph 10, 15

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 9: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Glossary Other Comprehensive Income

-URI http://asc.fasb.org/extlink&oid=6519514

Reference 10: http://www.xbrl.org/2003/role/presentationRef

-Publisher AICPA

-Name Accounting Research Bulletin (ARB)

-Number 51

-Paragraph 38

-Subparagraph d

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 11: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Emerging Issues Task Force (EITF)

-Number 87-21

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 12: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Glossary Net Income

-URI http://asc.fasb.org/extlink&oid=6518256

Reference 13: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 944

-SubTopic 225

-Section S99

-Paragraph 1

-Subparagraph (SX 210.7-04.19)

-URI http://asc.fasb.org/extlink&oid=6879464&loc=d3e573970-122913

Reference 14: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Article 5

-Section 03

-Paragraph 19

Reference 15: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 95

-Paragraph 28, 29, 30

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 16: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 04

-Paragraph 20

-Article 9

+ Details
Name: us-gaap_NetIncomeLoss
Namespace Prefix: us-gaap
Data Type: xbrli:monetaryItemType
Balance Type: credit
Period Type: duration
X
- Definition
The aggregate amount of income or expense from ancillary business-related activities (that is to say, excluding major activities considered part of the normal operations of the business).
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Article 5

-Section 03

-Paragraph 7

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 225

-SubTopic 10

-Section S99

-Paragraph 2

-Subparagraph (SX 210.5-03.7)

-URI http://asc.fasb.org/extlink&oid=6880815&loc=d3e20235-122688

+ Details
Name: us-gaap_NonoperatingIncomeExpense
Namespace Prefix: us-gaap
Data Type: xbrli:monetaryItemType
Balance Type: credit
Period Type: duration
X
- Details
Name: us-gaap_NonoperatingIncomeExpenseAbstract
Namespace Prefix: us-gaap
Data Type: xbrli:stringItemType
Balance Type: na
Period Type: duration
X
- Definition
The net result for the period of deducting operating expenses from operating revenues.
+ Details
Name: us-gaap_OperatingIncomeLoss
Namespace Prefix: us-gaap
Data Type: xbrli:monetaryItemType
Balance Type: credit
Period Type: duration
X
- Definition
The net amount of other income and expense amounts, the components of which are not separately disclosed on the income statement, resulting from ancillary business-related activities (that is, excluding major activities considered part of the normal operations of the business) also known as other nonoperating income (expense) recognized for the period. Such amounts may include: (a) dividends, (b) interest on securities, (c) net gains or losses on securities, (d) unusual costs, (e) gains or losses on foreign exchange transactions, and (f) miscellaneous other income and expense items.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Article 5

-Section 03

-Paragraph 9

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 225

-SubTopic 10

-Section S99

-Paragraph 2

-Subparagraph (SX 210.5-03.9)

-URI http://asc.fasb.org/extlink&oid=6880815&loc=d3e20235-122688

+ Details
Name: us-gaap_OtherNonoperatingIncomeExpense
Namespace Prefix: us-gaap
Data Type: xbrli:monetaryItemType
Balance Type: credit
Period Type: duration
X
- Definition
Revenues arising from transactions between (a) a parent company and its subsidiaries; (b) subsidiaries of a common parent; (c) an entity and trusts for the benefit of employees, such as pension and profit-sharing trusts that are managed by or under the trusteeship of the entity's' management; (d) an entity and its principal, owners, management, or members of their immediate families; and (e) affiliates.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 225

-SubTopic 10

-Section S99

-Paragraph 2

-Subparagraph (SX 210.5-03.1(e))

-URI http://asc.fasb.org/extlink&oid=6880815&loc=d3e20235-122688

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Glossary Related Parties

-URI http://asc.fasb.org/extlink&oid=6523133

Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 57

-Paragraph 2

-Subparagraph c

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 4: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 946

-SubTopic 225

-Section S99

-Paragraph 1

-Subparagraph (SX 210.6-07.1(c))

-URI http://asc.fasb.org/extlink&oid=6488393&loc=d3e606610-122999

Reference 5: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Article 5

-Section 03

-Paragraph 1

Reference 6: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 07

-Paragraph b

-Subparagraph 1

-Article 6

+ Details
Name: us-gaap_RevenueFromRelatedParties
Namespace Prefix: us-gaap
Data Type: xbrli:monetaryItemType
Balance Type: credit
Period Type: duration
X
- Definition
Aggregate revenue recognized during the period (derived from goods sold, services rendered, insurance premiums, or other activities that constitute an entity's earning process). For financial services companies, also includes investment and interest income, and sales and trading gains.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Article 5

-Section 03

-Paragraph 1

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 225

-SubTopic 10

-Section S99

-Paragraph 2

-Subparagraph (SX 210.5-03.1)

-URI http://asc.fasb.org/extlink&oid=6880815&loc=d3e20235-122688

+ Details
Name: us-gaap_Revenues
Namespace Prefix: us-gaap
Data Type: xbrli:monetaryItemType
Balance Type: credit
Period Type: duration
X
- Definition
Total revenue from sale of goods and services rendered during the reporting period, in the normal course of business, reduced by sales returns and allowances, and sales discounts.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Article 5

-Section 03

-Paragraph 1

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 225

-SubTopic 10

-Section S99

-Paragraph 2

-Subparagraph (SX 210.5-03.1)

-URI http://asc.fasb.org/extlink&oid=6880815&loc=d3e20235-122688

+ Details
Name: us-gaap_SalesRevenueNet
Namespace Prefix: us-gaap
Data Type: xbrli:monetaryItemType
Balance Type: credit
Period Type: duration
X
- Details
Name: us-gaap_SalesRevenueServicesNetAbstract
Namespace Prefix: us-gaap
Data Type: xbrli:stringItemType
Balance Type: na
Period Type: duration
X
- Definition
The aggregate total costs related to selling a firm's product and services, as well as all other general and administrative expenses. Direct selling expenses (for example, credit, warranty, and advertising) are expenses that can be directly linked to the sale of specific products. Indirect selling expenses are expenses that cannot be directly linked to the sale of specific products, for example telephone expenses, Internet, and postal charges. General and administrative expenses include salaries of non-sales personnel, rent, utilities, communication, etc.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher AICPA

-Name Accounting Research Bulletin (ARB)

-Number 43

-Chapter 4

-Paragraph 5A

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Article 5

-Section 03

-Paragraph 4

Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 225

-SubTopic 10

-Section S99

-Paragraph 2

-Subparagraph (SX 210.5-03.4)

-URI http://asc.fasb.org/extlink&oid=6880815&loc=d3e20235-122688

Reference 4: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 330

-SubTopic 10

-Section 30

-Paragraph 8

-URI http://asc.fasb.org/extlink&oid=6386349&loc=d3e3636-108311

+ Details
Name: us-gaap_SellingGeneralAndAdministrativeExpense
Namespace Prefix: us-gaap
Data Type: xbrli:monetaryItemType
Balance Type: debit
Period Type: duration
XML 32 FilingSummary.xml IDEA: XBRL DOCUMENT 2.3.0.15 Html 28 104 1 false 4 0 false 3 true false R1.htm 00090 - Document - Document And Entity Information Sheet http://www.qwest.com/role/DocumentDocumentAndEntityInformation Document And Entity Information false false R2.htm 00100 - Statement - Consolidated Statements Of Operations Sheet http://www.qwest.com/role/StatementConsolidatedStatementsOfOperations Consolidated Statements Of Operations false false R3.htm 00200 - Statement - Consolidated Statements Of Comprehensive Income Sheet http://www.qwest.com/role/StatementConsolidatedStatementsOfComprehensiveIncome Consolidated Statements Of Comprehensive Income false false R4.htm 00300 - Statement - Consolidated Balance Sheets Sheet http://www.qwest.com/role/StatementConsolidatedBalanceSheets Consolidated Balance Sheets false false R5.htm 00305 - Statement - Consolidated Balance Sheets (Parenthetical) Sheet http://www.qwest.com/role/StatementConsolidatedBalanceSheetsParenthetical Consolidated Balance Sheets (Parenthetical) false false R6.htm 00400 - Statement - Consolidated Statements Of Cash Flows Sheet http://www.qwest.com/role/StatementConsolidatedStatementsOfCashFlows Consolidated Statements Of Cash Flows false false R7.htm 00405 - Statement - Consolidated Statements Of Cash Flows (Parenthetical) Sheet http://www.qwest.com/role/StatementConsolidatedStatementsOfCashFlowsParenthetical Consolidated Statements Of Cash Flows (Parenthetical) false false R8.htm 00500 - Statement - Consolidated Statements Of Stockholder's Equity (Deficit) Sheet http://www.qwest.com/role/StatementConsolidatedStatementsOfStockholderSEquityDeficit Consolidated Statements Of Stockholder's Equity (Deficit) false false R9.htm 10101 - Disclosure - Basis Of Presentation Sheet http://www.qwest.com/role/DisclosureBasisOfPresentation Basis Of Presentation false false R10.htm 10201 - Disclosure - Acquisition Of QCII By CenturyLink Sheet http://www.qwest.com/role/DisclosureAcquisitionOfQciiByCenturylink Acquisition Of QCII By CenturyLink false false R11.htm 10301 - Disclosure - Goodwill, Customer Relationships And Other Intangible Assets Sheet http://www.qwest.com/role/DisclosureGoodwillCustomerRelationshipsAndOtherIntangibleAssets Goodwill, Customer Relationships And Other Intangible Assets false false R12.htm 10401 - Disclosure - Long-Term Debt Sheet http://www.qwest.com/role/DisclosureLongTermDebt Long-Term Debt false false R13.htm 10501 - Disclosure - Severance Sheet http://www.qwest.com/role/DisclosureSeverance Severance false false R14.htm 10601 - Disclosure - Fair Value Disclosure Sheet http://www.qwest.com/role/DisclosureFairValueDisclosure Fair Value Disclosure false false R15.htm 10701 - Disclosure - Income Taxes Sheet http://www.qwest.com/role/DisclosureIncomeTaxes Income Taxes false false R16.htm 10801 - Disclosure - Products And Services Revenues Sheet http://www.qwest.com/role/DisclosureProductsAndServicesRevenues Products And Services Revenues false false R17.htm 10901 - Disclosure - Commitments And Contingencies Sheet http://www.qwest.com/role/DisclosureCommitmentsAndContingencies Commitments And Contingencies false false All Reports Book All Reports Process Flow-Through: 00100 - Statement - Consolidated Statements Of Operations Process Flow-Through: 00200 - Statement - Consolidated Statements Of Comprehensive Income Process Flow-Through: 00300 - Statement - Consolidated Balance Sheets Process Flow-Through: Removing column 'Mar. 31, 2011 Successor [Member]' Process Flow-Through: Removing column 'Mar. 31, 2011 Predecessor [Member]' Process Flow-Through: Removing column 'Sep. 30, 2010 Predecessor [Member]' Process Flow-Through: Removing column 'Dec. 31, 2009 Predecessor [Member]' Process Flow-Through: 00305 - Statement - Consolidated Balance Sheets (Parenthetical) Process Flow-Through: 00400 - Statement - Consolidated Statements Of Cash Flows Process Flow-Through: 00405 - Statement - Consolidated Statements Of Cash Flows (Parenthetical) cik000068622-20110930.xml cik000068622-20110930.xsd cik000068622-20110930_cal.xml cik000068622-20110930_def.xml cik000068622-20110930_lab.xml cik000068622-20110930_pre.xml true true EXCEL 33 Financial_Report.xls IDEA: XBRL DOCUMENT begin 644 Financial_Report.xls M[[N_34E-12U697)S:6]N.B`Q+C`-"E@M1&]C=6UE;G0M5'EP93H@5V]R:V)O M;VL-"D-O;G1E;G0M5'EP93H@;75L=&EP87)T+W)E;&%T960[(&)O=6YD87)Y M/2(M+2TM/5].97AT4&%R=%\Q,3@Q.68Y,5]C9#1D7S0X-35?.3@X85\T,F)F M83@S-3(X930B#0H-"E1H:7,@9&]C=6UE;G0@:7,@82!3:6YG;&4@1FEL92!7 M96(@4&%G92P@86QS;R!K;F]W;B!A'!L;W)E&UL;G,Z=CTS1")U&UL;G,Z;STS1")U&UL/@T*(#QX.D5X8V5L5V]R:V)O;VL^#0H@(#QX M.D5X8V5L5V]R:W-H965T5]);F9O#I%>&-E;%=O#I%>&-E;%=O#I%>&-E;%=O#I%>&-E;%=O#I%>&-E;%=O#I%>&-E;%=O#I.86UE/@T*("`@(#QX.E=O#I%>&-E;%=O#I.86UE/D)A#I. M86UE/@T*("`@(#QX.E=O3PO>#I.86UE/@T*("`@(#QX.E=O#I%>&-E;%=O#I.86UE/D=O;V1W:6QL7T-U#I.86UE/@T*("`@(#QX.E=O#I7;W)K#I7;W)K M#I7;W)K#I7;W)K#I.86UE/@T*("`@ M(#QX.E=O#I%>&-E M;%=O6QE#I!8W1I M=F53:&5E=#X-"B`@/'@Z4')O=&5C=%-T#I0#I0#I0 M&UL/CPA M6V5N9&EF72TM/@T*/"]H96%D/@T*("`\8F]D>3X-"B`@(#QP/E1H:7,@<&%G M92!S:&]U;&0@8F4@;W!E;F5D('=I=&@@36EC'1087)T7S$Q.#$Y9CDQ7V-D-&1?-#@U-5\Y.#AA7S0R8F9A.#,U,CAE-`T* M0V]N=&5N="U,;V-A=&EO;CH@9FEL93HO+R]#.B\Q,3@Q.68Y,5]C9#1D7S0X M-35?.3@X85\T,F)F83@S-3(X930O5V]R:W-H965T'0O:F%V87-C3X-"B`@("`\=&%B;&4@8VQA'0^,3`M43QS<&%N/CPO'0^/'-P86X^/"]S<&%N M/CPO=&0^#0H@("`@("`\+W1R/@T*("`@("`@/'1R(&-L87-S/3-$'0^43,\'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R/@T*("`@ M("`@/'1R(&-L87-S/3-$'0^/'-P86X^/"]S<&%N/CPO M=&0^#0H@("`@("`\+W1R/@T*("`@("`@/'1R(&-L87-S/3-$"!+97D\+W1D/@T*("`@("`@("`\=&0@8VQA2!&:6QE M3PO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^3F]N M+6%C8V5L97)A=&5D($9I;&5R/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@ M(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`\ M+W1R/@T*("`@("`@/'1R(&-L87-S/3-$'1087)T7S$Q M.#$Y9CDQ7V-D-&1?-#@U-5\Y.#AA7S0R8F9A.#,U,CAE-`T*0V]N=&5N="U, M;V-A=&EO;CH@9FEL93HO+R]#.B\Q,3@Q.68Y,5]C9#1D7S0X-35?.3@X85\T M,F)F83@S-3(X930O5V]R:W-H965T'0O:F%V87-C3X-"B`@("`\=&%B;&4@8VQA'0^/'-P86X^/"]S<&%N/CPO M=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO M=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO M=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO M=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO M=&0^#0H@("`@("`\+W1R/@T*("`@("`@/'1R(&-L87-S/3-$F%T:6]N*3PO=&0^#0H@("`@("`@(#QT9"!C;&%S'!E;G-EF%T:6]N/"]T9#X-"B`@ M("`@("`@/'1D(&-L87-S/3-$;G5M<#XV,C`\'0^/'-P M86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P M86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P M86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P M86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P M86X^/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R/@T*("`@("`@/'1R(&-L87-S M/3-$'!E;G-E*3PO=&0^#0H@("`@("`@(#QT9"!C;&%S"!E>'!E;G-E/"]T9#X-"B`@("`@ M("`@/'1D(&-L87-S/3-$;G5M<#XQ,3@\3X-"CPO:'1M;#X-"@T*+2TM+2TM/5].97AT4&%R=%\Q,3@Q M.68Y,5]C9#1D7S0X-35?.3@X85\T,F)F83@S-3(X930-"D-O;G1E;G0M3&]C M871I;VXZ(&9I;&4Z+R\O0SHO,3$X,3EF.3%?8V0T9%\T.#4U7SDX.&%?-#)B M9F$X,S4R.&4T+U=O'0O:'1M;#L@8VAA'0O:F%V87-C3X-"B`@("`\=&%B;&4@8VQA'0^/'-P86X^/"]S M<&%N/CPO=&0^#0H@("`@("`\+W1R/@T*("`@("`@/'1R(&-L87-S/3-$6%B;&4\+W1D/@T*("`@("`@("`\=&0@8VQA6%B;&4M47=E'0^/'-P86X^/"]S<&%N M/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N M/CPO=&0^#0H@("`@("`\+W1R/@T*("`@("`@/'1R(&-L87-S/3-$'0^/'-P86X^/"]S M<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S M<&%N/CPO=&0^#0H@("`@("`\+W1R/@T*("`@("`@/'1R(&-L87-S/3-$'0^)FYB'0^)FYB7!E M.B!T97AT+VAT;6P[(&-H87)S970](G5S+6%S8VEI(@T*#0H\:'1M;#X-"B`@ M/&AE860^#0H@("`@/$U%5$$@:'1T<"UE<75I=CTS1$-O;G1E;G0M5'EP92!C M;VYT96YT/3-$)W1E>'0O:'1M;#L@8VAA'0O:F%V87-C M3X-"B`@("`\=&%B;&4@ M8VQA2!O<&5R871I;F<@86-T:79I=&EE&5S/"]T9#X-"B`@("`@("`@/'1D(&-L87-S/3-$;G5M/B@Q,BD\2!O<&5R871I;F<@86-T:79I=&EE M'0^/'-P86X^/"]S<&%N/CPO=&0^ M#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^ M#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^ M#0H@("`@("`\+W1R/@T*("`@("`@/'1R(&-L87-S/3-$F5D('-O M9G1W87)E/"]T9#X-"B`@("`@("`@/'1D(&-L87-S/3-$;G5M/B@V,S@I/'-P M86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S2!1=V5S="!397)V:6-E'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@ M("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S M'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R/@T*("`@ M("`@/'1R(&-L87-S/3-$'0^/'-P86X^/"]S<&%N M/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N M/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N M/CPO=&0^#0H@("`@("`\+W1R/@T*("`@("`@/'1R(&-L87-S/3-$7!E.B!T97AT+VAT;6P[(&-H87)S970](G5S+6%S8VEI(@T*#0H\:'1M;#X- M"B`@/&AE860^#0H@("`@/$U%5$$@:'1T<"UE<75I=CTS1$-O;G1E;G0M5'EP M92!C;VYT96YT/3-$)W1E>'0O:'1M;#L@8VAA3X-"CPO:'1M;#X-"@T*+2TM+2TM/5]. M97AT4&%R=%\Q,3@Q.68Y,5]C9#1D7S0X-35?.3@X85\T,F)F83@S-3(X930- M"D-O;G1E;G0M3&]C871I;VXZ(&9I;&4Z+R\O0SHO,3$X,3EF.3%?8V0T9%\T M.#4U7SDX.&%?-#)B9F$X,S4R.&4T+U=O'0O:'1M;#L@8VAA7!E(&-O;G1E;G0],T0G=&5X="]H=&UL.R!C:&%R'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@ M(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N M/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N M/CPO=&0^#0H@("`@("`\+W1R/@T*("`@("`@/'1R(&-L87-S/3-$'0^/'-P86X^ M/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^ M/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^ M/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^ M/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R/@T*("`@("`@/'1R(&-L87-S/3-$ M'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C M;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R/@T* M("`@("`@/'1R(&-L87-S/3-$'0^/'-P86X^/"]S M<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO M=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO M=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO M=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO M=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO M=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@ M(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@ M(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@ M(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@ M(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@ M(#QT9"!C;&%S'0^/'-P M86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P M86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P M86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R/@T*("`@("`@/'1R M(&-L87-S/3-$'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S M'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S M'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R/@T*("`@ M("`@/'1R(&-L87-S/3-$'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R/@T* M("`@(#PO=&%B;&4^#0H@(#PO8F]D>3X-"CPO:'1M;#X-"@T*+2TM+2TM/5]. M97AT4&%R=%\Q,3@Q.68Y,5]C9#1D7S0X-35?.3@X85\T,F)F83@S-3(X930- M"D-O;G1E;G0M3&]C871I;VXZ(&9I;&4Z+R\O0SHO,3$X,3EF.3%?8V0T9%\T M.#4U7SDX.&%?-#)B9F$X,S4R.&4T+U=O'0O:'1M;#L@8VAA7!E(&-O;G1E;G0],T0G=&5X="]H=&UL.R!C:&%R'0^/'`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`F;F)S<#LD,2XV,#(@ M8FEL;&EO;B!N;VXM8W5R'!E;G-E#L@;6%R9VEN+6)O='1O;3H@ M,'!X.R<^/&9O;G0@F4],T0R/E=E('!R;W9I9&4@=&\@;W5R M(&%F9FEL:6%T97,@=&5L96-O;6UU;FEC871I;VYS('-E"!M;VYT:',@96YD960@4V5P M=&5M8F5R(#,P+"`R,#$Q+B`\+V9O;G0^/"]P/@T*#0H\<"!S='EL93TS1"=M M87)G:6XM=&]P.B`X<'@[('1E>'0M:6YD96YT.B`T,'!X.R!M87)G:6XM8F]T M=&]M.B`P<'@[)SX\9F]N="!S='EL93TS1"=F;VYT+69A;6EL>3H@5&EM97,@ M3F5W(%)O;6%N.R<@8VQA#L@9F]N="US:7IE.B`X<'@[)SXF;F)S<#L\+W`^#0H-"CQT86)L92!S='EL M93TS1"=B;W)D97(M8V]L;&%PF4],T0Q/B9N8G-P.SPO9F]N=#X\+W1D/@T* M/'1D('9A;&EG;CTS1'1O<"!A;&EG;CTS1&QE9G0^#0H-"CQP(&%L:6=N/3-$ M;&5F=#X\9F]N="!S='EL93TS1"=F;VYT+69A;6EL>3H@5&EM97,@3F5W(%)O M;6%N.R<@8VQA6EN9R!T:&4@='=O+7-T97`@9V]O9'=I M;&P@:6UP86ER;65N="!T97-T+B!)9B!I="!I2!W;W5L9"!N;W0@8F4@6QE/3-$)V9O;G0M9F%M M:6QY.B!4:6UE2!E=FED96YC92!O9B!S96QL:6YG('!R:6-E(&5X:7-T7!E.B!T97AT+VAT;6P[(&-H87)S970] M(G5S+6%S8VEI(@T*#0H\:'1M;#X-"B`@/&AE860^#0H@("`@/$U%5$$@:'1T M<"UE<75I=CTS1$-O;G1E;G0M5'EP92!C;VYT96YT/3-$)W1E>'0O:'1M;#L@ M8VAA2!#96YT=7)Y3&EN:R!;06)S=')A8W1=/"]S=')O M;F<^/"]T9#X-"B`@("`@("`@/'1D(&-L87-S/3-$=&5X=#X\6QE/3-$)VUA#L@;6%R M9VEN+6)O='1O;3H@,'!X.R<^/&9O;G0@F4],T0R/CQB/B@R M*2!!8W%U:7-I=&EO;B!O9B!10TE)(&)Y($-E;G1U'0M M:6YD96YT.B`T,'!X.R!M87)G:6XM8F]T=&]M.B`P<'@[)SX\9F]N="!S='EL M93TS1"=F;VYT+69A;6EL>3H@5&EM97,@3F5W(%)O;6%N.R<@8VQA'0M:6YD96YT.B`T,'!X.R!M87)G:6XM8F]T=&]M M.B`P<'@[)SX\9F]N="!S='EL93TS1"=F;VYT+69A;6EL>3H@5&EM97,@3F5W M(%)O;6%N.R<@8VQA'!E8W0@=&\@8V]M<&QE=&4@;W5R(&9I M;F%L(&9A:7(@=F%L=64@9&5T97)M:6YA=&EO;G,@;F\@;&%T97(@=&AA;B!T M:&4@9FER2!D:69F97)E M;G0@=&AA;B!T:&]S92!R969L96-T960@:6X@;W5R(&-O;G-O;&ED871E9"!F M:6YA;F-I86P@6QE/3-$)VUA#L@ M=&5X="UI;F1E;G0Z(#0P<'@[(&UA#LG/CQF;VYT M('-T>6QE/3-$)V9O;G0M9F%M:6QY.B!4:6UE&-E961S('1H M92!A9V=R96=A=&4@97-T:6UA=&5D(&9A:7(@=F%L=64@;V8@=&AE(&%C<75I M2`F M;F)S<#LD.2XR.#(@8FEL;&EO;BP@=VAI8V@@86UO=6YT(&AA#L@;6%R9VEN+6)O='1O;3H@,'!X.R<^/&9O;G0@F4],T0R M/E1H92!F;VQL;W=I;F<@:7,@;W5R('!R96QI;6EN87)Y(&%S#L@9F]N="US:7IE.B`X<'@[)SXF;F)S<#L\+W`^#0H-"CQT86)L92!S M='EL93TS1"=B;W)D97(M8V]L;&%PF4],T0Q/B9N8G-P.R9N8G-P.SPO9F]N=#X\+W1D/@T* M/'1D('-T>6QE/3-$)V)OF4],T0Q/B9N8G-P.R9N8G-P.SPO M9F]N=#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;2!C;VQS<&%N/3-$,B!A M;&EG;CTS1')I9VAT/CQF;VYT('-T>6QE/3-$)V9O;G0M9F%M:6QY.B!4:6UE M6QE/3-$)W1E>'0M:6YD96YT M.B`M,65M.R!M87)G:6XM;&5F=#H@,65M.R<^/&9O;G0@F4],T0R/B9N8G-P.R0\+V9O;G0^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T M;VT@86QI9VX],T1R:6=H=#X\9F]N="!S='EL93TS1"=F;VYT+69A;6EL>3H@ M5&EM97,@3F5W(%)O;6%N.R<@8VQA6QE/3-$)V9O;G0M9F%M:6QY.B!4:6UE6QE/3-$)W1E>'0M:6YD96YT.B`M,65M.R!M87)G:6XM;&5F=#H@,65M M.R<^/&9O;G0@F4],T0R/E!R;W!EF4],T0R/B9N8G-P.SPO9F]N=#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O M;2!A;&EG;CTS1')I9VAT/CQF;VYT('-T>6QE/3-$)V9O;G0M9F%M:6QY.B!4 M:6UE3H@5&EM M97,@3F5W(%)O;6%N.R<@8VQA6QE/3-$)W1E>'0M:6YD96YT.B`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`M,65M.R!M87)G:6XM;&5F=#H@,65M.R<^/&9O;G0@ MF4],T0R/D]T:&5R(&YO;F-UF4],T0R/B9N8G-P.SPO M9F]N=#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;2!A;&EG;CTS1')I9VAT M/CQF;VYT('-T>6QE/3-$)V9O;G0M9F%M:6QY.B!4:6UE6QE/3-$ M)V9O;G0M9F%M:6QY.B!4:6UE6QE M/3-$)W1E>'0M:6YD96YT.B`M,65M.R!M87)G:6XM;&5F=#H@,65M.R<^/&9O M;G0@F4],T0R/D-UF4],T0Q/B9N8G-P.R9N8G-P.SPO9F]N=#X\+W1D/@T*/'1D M('9A;&EG;CTS1&)O='1O;3X\9F]N="!S='EL93TS1"=F;VYT+69A;6EL>3H@ M5&EM97,@3F5W(%)O;6%N.R<@8VQA6QE/3-$)V9O;G0M9F%M:6QY.B!4:6UE6QE/3-$)W1E>'0M:6YD M96YT.B`M,65M.R!M87)G:6XM;&5F=#H@,65M.R<^/&9O;G0@6QE/3-$)V9O;G0M9F%M:6QY M.B!4:6UE3H@5&EM97,@3F5W(%)O M;6%N.R<@8VQAF4],T0R/B9N8G-P.R9N8G-P.SPO9F]N=#X\+W1D/CPO='(^ M#0H\='(@8F=C;VQO3H@5&EM97,@3F5W(%)O M;6%N.R<@8VQAF4],T0Q/B9N8G-P.R9N8G-P.SPO9F]N=#X\+W1D/@T*/'1D M('9A;&EG;CTS1&)O='1O;3X\9F]N="!S='EL93TS1"=F;VYT+69A;6EL>3H@ M5&EM97,@3F5W(%)O;6%N.R<@8VQA6QE/3-$)V9O;G0M9F%M:6QY.B!4:6UE6QE/3-$)W1E>'0M:6YD M96YT.B`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`C,#`P,#`P(#-P>"!D;W5B;&4[)SXF;F)S<#L\+W`^/"]T M9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP('-T>6QE/3-$)V)O'0M:6YD96YT.B`T,'!X.R!M87)G:6XM8F]T M=&]M.B`P<'@[)SX\9F]N="!S='EL93TS1"=F;VYT+69A;6EL>3H@5&EM97,@ M3F5W(%)O;6%N.R<@8VQAF5D("9N8G-P.R0Q-B!M:6QL:6]N(&%N9"`F;F)S<#LD,3,Y(&UI;&QI M;VX@;V8@97AP96YS92!A2X@5&AE M6QE M/3-$)VUA#L@=&5X="UI;F1E;G0Z(#0P<'@[(&UA#LG/CQF;VYT('-T>6QE/3-$)V9O;G0M9F%M:6QY.B!4 M:6UE#L@;6%R9VEN+6)O='1O M;3H@,'!X.R!F;VYT+7-I>F4Z(#%P>#LG/B9N8G-P.SPO<#X\'0O:F%V87-C3X-"B`@ M("`\=&%B;&4@8VQA#LG/CQF;VYT('-T>6QE/3-$)V9O;G0M9F%M:6QY M.B!4:6UE'0M:6YD96YT.B`T,'!X.R!M87)G M:6XM8F]T=&]M.B`P<'@[)SX\9F]N="!S='EL93TS1"=F;VYT+69A;6EL>3H@ M5&EM97,@3F5W(%)O;6%N.R<@8VQA6QE/3-$)VUA#L@;6%R9VEN M+6)O='1O;3H@,'!X.R!F;VYT+7-I>F4Z(#$R<'@[)SXF;F)S<#L\+W`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`C,#`P,#`P(#-P>"!D M;W5B;&4[)SXF;F)S<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^ M#0H-"CQP('-T>6QE/3-$)V)O"!S;VQI9#LG('9A;&EG;CTS1&)O='1O;3XF M;F)S<#L\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3XF;F)S<#LF;F)S<#L\ M+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`@"!D;W5B;&4[)SXF;F)S<#L\+W`^/"]T9#X-"CQT M9#XF;F)S<#L\+W1D/CPO='(^#0H\='(^/'1D('9A;&EG;CTS1'1O<#X-"@T* M/'`@3H@5&EM97,@3F5W(%)O M;6%N.R<@8VQAF4],T0Q/B9N M8G-P.R9N8G-P.SPO9F]N=#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X\ M9F]N="!S='EL93TS1"=F;VYT+69A;6EL>3H@5&EM97,@3F5W(%)O;6%N.R<@ M8VQA6QE/3-$ M)V9O;G0M9F%M:6QY.B!4:6UEF4],T0R/B9N8G-P M.R9N8G-P.SPO9F]N=#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X\9F]N M="!C;&%SF4],T0Q/B9N M8G-P.SPO9F]N=#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X\9F]N="!C M;&%S3H@5&EM97,@3F5W(%)O;6%N.R<@8VQA M"!D;W5B;&4[)SXF;F)S<#L\+W`^ M/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP('-T>6QE/3-$)V)O M"!S;VQI9#LG('9A;&EG;CTS1&)O='1O;3XF;F)S<#L\+W1D/@T*/'1D('9A M;&EG;CTS1&)O='1O;3XF;F)S<#LF;F)S<#L\+W1D/@T*/'1D('9A;&EG;CTS M1&)O='1O;3X-"@T*/'`@"!D M;W5B;&4[)SXF;F)S<#L\+W`^/"]T9#X-"CQT9#XF;F)S<#L\+W1D/CPO='(^ M#0H\='(@8F=C;VQO3H@5&EM97,@3F5W(%)O M;6%N.R<@8VQAF4] M,T0Q/B9N8G-P.R9N8G-P.SPO9F]N=#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O M='1O;3X@/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^(#PO=&0^#0H\=&0@ M=F%L:6=N/3-$8F]T=&]M/B`\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X\ M9F]N="!C;&%SF4],T0Q M/B9N8G-P.SPO9F]N=#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X\9F]N M="!C;&%S6QE/3-$)W1E>'0M M:6YD96YT.B`M,65M.R!M87)G:6XM;&5F=#H@,F5M.R<^/&9O;G0@F4],T0Q/B9N8G-P.R9N8G-P.SPO9F]N=#X\+W1D M/@T*/'1D('9A;&EG;CTS1&)O='1O;3X\9F]N="!S='EL93TS1"=F;VYT+69A M;6EL>3H@5&EM97,@3F5W(%)O;6%N.R<@8VQA6QE/3-$)V9O;G0M9F%M:6QY.B!4:6UEF4],T0R/B9N8G-P.R9N8G-P.SPO9F]N=#X\+W1D/@T* M/'1D('9A;&EG;CTS1&)O='1O;3X\9F]N="!C;&%SF4],T0Q/B9N8G-P.SPO9F]N=#X\+W1D/@T*/'1D M('9A;&EG;CTS1&)O='1O;3X\9F]N="!C;&%S6QE/3-$)V9O;G0M9F%M M:6QY.B!4:6UE6QE/3-$)V9O M;G0M6QE/3-$)V)O"!D;W5B;&4[)SXF;F)S<#L\ M+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP('-T>6QE/3-$ M)V)O'0M:6YD96YT.B`T,'!X.R!M87)G M:6XM8F]T=&]M.B`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`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`@#L@;6%R9VEN+6)O='1O;3H@,'!X.R<^/&9O;G0@F5D('-O9G1W87)E('5S M:6YG('1H92!S=')A:6=H="UL:6YE(&UE=&AO9"!O=F5R(&5S=&EM871E9"!L M:79EF4],T0Q/B9N8G-P.SPO9F]N=#X\+W1D/@T* M/'1D('9A;&EG;CTS1&)O='1O;3X\9F]N="!C;&%SF4],T0Q/B9N8G-P.SPO9F]N=#X\+W1D/CPO='(^#0H\='(@ M8F=C;VQO3H@5&EM97,@3F5W(%)O;6%N.R<@ M8VQA6QE M/3-$)V9O;G0M9F%M:6QY.B!4:6UEF4],T0R/C,Q M-CPO9F]N=#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;2!N;W=R87`],T1N M;W=R87`^/&9O;G0@F4],T0R/B9N8G-P.R9N8G-P.SPO9F]N M=#X\+W1D/CPO='(^#0H\='(^/'1D('9A;&EG;CTS1'1O<#X-"@T*/'`@3H@5&EM97,@3F5W(%)O;6%N.R<@ M8VQA6QE/3-$)W1E>'0M:6YD96YT.B`M,65M.R!M87)G:6XM;&5F=#H@,V5M M.R<^/&9O;G0@F4],T0R/C(P,3(\+V9O;G0^/"]P/CPO=&0^ M#0H\=&0@=F%L:6=N/3-$8F]T=&]M/CQF;VYT(&-L87-S/3-$7VUT('-I>F4] M,T0Q/B9N8G-P.R9N8G-P.SPO9F]N=#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O M='1O;3X\9F]N="!S='EL93TS1"=F;VYT+69A;6EL>3H@5&EM97,@3F5W(%)O M;6%N.R<@8VQA6QE/3-$)V9O;G0M9F%M:6QY.B!4:6UEF4],T0R/B9N8G-P.R9N8G-P.SPO9F]N M=#X\+W1D/CPO='(^#0H\='(^/'1D('9A;&EG;CTS1'1O<#X-"@T*/'`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`T,'!X.R!M87)G:6XM M8F]T=&]M.B`P<'@[)SX\9F]N="!S='EL93TS1"=F;VYT+69A;6EL>3H@5&EM M97,@3F5W(%)O;6%N.R<@8VQAF4@;W5R(&EN=&%N9VEB;&4@87-S971S+B!4:&4@ M86-T=6%L(&%M;W5N=',@;V8@86UOF%T:6]N(&5X<&5N'0M:6YD96YT.B`T,'!X.R!M87)G:6XM8F]T=&]M.B`P<'@[)SX\9F]N="!S M='EL93TS1"=F;VYT+69A;6EL>3H@5&EM97,@3F5W(%)O;6%N.R<@8VQA2!I9B!E=F5N=',@;W(@82!C:&%N9V4@:6X@8VER8W5M2!#96YT=7)Y3&EN:RP@:70@=V%S M(&1E=&5R;6EN960@=&AA="!W92!A'0M:6YD96YT M.B`T,'!X.R!M87)G:6XM8F]T=&]M.B`P<'@[)SX\9F]N="!S='EL93TS1"=F M;VYT+69A;6EL>3H@5&EM97,@3F5W(%)O;6%N.R<@8VQA"!M;VYT:"!P M6QE/3-$ M)VUA#L@=&5X="UI;F1E;G0Z(#0P<'@[(&UA#LG/CQF;VYT('-T>6QE/3-$)V9O;G0M9F%M:6QY.B!4:6UE M&-E961E9"!T:&4@86-Q=6ES M:71I;VX@9&%T92!F86ER('9A;'5E(&]F('1H92!R96-O'!E8W0@=&\@8V]M<&QE=&4@;W5R(&9I;F%L(&9A:7(@=F%L=64@9&5T97)M M:6YA=&EO;G,@;F\@;&%T97(@=&AA;B!T:&4@9FER2!D:69F97)E;G0@=&AA;B!T:&]S92!R969L96-T M960@:6X@;W5R(&-O;G-O;&ED871E9"!F:6YA;F-I86P@6QE/3-$)VUA#L@=&5X="UI;F1E;G0Z(#0P<'@[(&UA M#LG/CQF;VYT('-T>6QE/3-$)V9O;G0M9F%M:6QY M.B!4:6UE2X@5&AE(&9A8W1O2!T:&4@;6%R:V5T M(')I6QE/3-$)VUA#L@=&5X="UI;F1E;G0Z(#0P<'@[(&UA#LG M/CQF;VYT('-T>6QE/3-$)V9O;G0M9F%M:6QY.B!4:6UEF5D(&EN('1H92!!<')I;"`Q+"`R,#$Q(&9A:7(@=F%L M=64@87-S:6=N;65N=#L@*&EI*2!C:&%N9V5S(&EN(&]U2!O#L@ M;6%R9VEN+6)O='1O;3H@,'!X.R<^/&9O;G0@F4],T0R/D)A M6EN9R!V86QU92!A6QE/3-$)VUA#L@9F]N="US:7IE.B`Q<'@[)SXF;F)S<#L\ M+W`^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R/@T*("`@(#PO=&%B M;&4^#0H@(#PO8F]D>3X-"CPO:'1M;#X-"@T*+2TM+2TM/5].97AT4&%R=%\Q M,3@Q.68Y,5]C9#1D7S0X-35?.3@X85\T,F)F83@S-3(X930-"D-O;G1E;G0M M3&]C871I;VXZ(&9I;&4Z+R\O0SHO,3$X,3EF.3%?8V0T9%\T.#4U7SDX.&%? M-#)B9F$X,S4R.&4T+U=O'0O:'1M;#L@8VAA'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@ M("`\+W1R/@T*("`@("`@/'1R(&-L87-S/3-$'0^/'`@3H@5&EM97,@3F5W(%)O;6%N.R<@8VQA'0M:6YD96YT.B`T M,'!X.R!M87)G:6XM8F]T=&]M.B`P<'@[)SX\9F]N="!S='EL93TS1"=F;VYT M+69A;6EL>3H@5&EM97,@3F5W(%)O;6%N.R<@8VQA&-H86YG92!F;W(@;F5T('!R;V-E M961S+"!A9G1E#L@ M;6%R9VEN+6)O='1O;3H@,'!X.R<^/&9O;G0@F4],T0R/D]N M($IU;F4@."P@,C`Q,2P@=V4@:7-S=65D("9N8G-P.R0V-C$@;6EL;&EO;B!A M9V=R96=A=&4@<')I;F-I<&%L(&%M;W5N="!O9B!O=7(@-RXS-S4E($YO=&5S M(&1U92`R,#4Q(&EN(&5X8VAA;F=E(&9O'!E;G-E M2!B92!R961E96UE9"P@:6X@ M=VAO;&4@;W(@:6X@<&%R="P@;VX@;W(@869T97(@2G5N92`Q+"`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`@#L@;6%R9VEN+6)O M='1O;3H@,'!X.R<^/&9O;G0@F4],T0R/CQB/B@U*2!3979E M6QE/3-$)VUA#L@=&5X="UI;F1E;G0Z(#0P<'@[(&UA#LG/CQF;VYT('-T>6QE/3-$)V9O;G0M9F%M:6QY.B!4:6UE2!F#L@;6%R9VEN+6)O M='1O;3H@,'!X.R<^/&9O;G0@F4],T0R/E=E(')E<&]R="!S M979E'0M:6YD96YT.B`T,'!X.R!M87)G:6XM8F]T=&]M.B`P<'@[)SX\ M9F]N="!S='EL93TS1"=F;VYT+69A;6EL>3H@5&EM97,@3F5W(%)O;6%N.R<@ M8VQA#L@9F]N="US:7IE.B`X<'@[ M)SXF;F)S<#L\+W`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`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`C,#`P,#`P(#%P>"!S;VQI9#LG M/B9N8G-P.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`@ M6QE/3-$)V)O6QE/3-$)V9O;G0M9F%M M:6QY.B!4:6UE6QE/3-$)V9O;G0M9F%M:6QY.B!4 M:6UE3H@5&EM97,@3F5W(%)O;6%N M.R<@8VQA6QE/3-$ M)V9O;G0M9F%M:6QY.B!4:6UE6QE/3-$)W1E>'0M:6YD96YT.B`M M,65M.R!M87)G:6XM;&5F=#H@,F5M.R<^/&9O;G0@F4],T0R M/D%C8W)U960@=&\@97AP96YS93PO9F]N=#X\+W`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`C,#`P,#`P(#%P>"!S;VQI9#LG/B9N M8G-P.SPO<#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`@3H@ M5&EM97,@3F5W(%)O;6%N.R<@8VQA6QE/3-$)V9O;G0M9F%M:6QY.B!4 M:6UE3H@5&EM97,@3F5W(%)O;6%N.R<@8VQA"!D;W5B;&4[)SXF;F)S<#L\+W`^/"]T9#X-"CQT M9"!V86QI9VX],T1B;W1T;VT^#0H-"CQP('-T>6QE/3-$)V)O'0M:6YD96YT.B`T,'!X.R!M87)G:6XM8F]T=&]M.B`P M<'@[)SX\9F]N="!S='EL93TS1"=F;VYT+69A;6EL>3H@5&EM97,@3F5W(%)O M;6%N.R<@8VQA'!E M;G-E7!E.B!T97AT+VAT;6P[(&-H87)S M970](G5S+6%S8VEI(@T*#0H\:'1M;#X-"B`@/&AE860^#0H@("`@/$U%5$$@ M:'1T<"UE<75I=CTS1$-O;G1E;G0M5'EP92!C;VYT96YT/3-$)W1E>'0O:'1M M;#L@8VAA'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R/@T* M("`@("`@/'1R(&-L87-S/3-$6QE/3-$)VUA#LG/CQF;VYT('-T>6QE/3-$)V9O M;G0M9F%M:6QY.B!4:6UE'0M:6YD M96YT.B`T,'!X.R!M87)G:6XM8F]T=&]M.B`P<'@[)SX\9F]N="!S='EL93TS M1"=F;VYT+69A;6EL>3H@5&EM97,@3F5W(%)O;6%N.R<@8VQA6%B;&4L(&%C M8V]U;G1S('!A>6%B;&4F(S@R,3([(&%F9FEL:6%T97,@86YD(&QO;F&EM871E('1H96ER(&9A:7(@=F%L=65S M+B`\+V9O;G0^/"]P/@T*#0H\<"!S='EL93TS1"=M87)G:6XM=&]P.B`X<'@[ M('1E>'0M:6YD96YT.B`T,'!X.R!M87)G:6XM8F]T=&]M.B`P<'@[)SX\9F]N M="!S='EL93TS1"=F;VYT+69A;6EL>3H@5&EM97,@3F5W(%)O;6%N.R<@8VQA M2!I;B!A;B!OF4@=&AE('5S92!O9B!O8G-EF4@=&AE('5S92!O9B!U;F]B2!O9B!T M:&4@:6YP=71S('5S960@9F]L;&]W:6YG('1H92!F86ER('9A;'5E(&AI97)A M2!S970@9F]R=&@@8GD@=&AE($9!4T(N(#PO9F]N=#X\+W`^#0H-"CQP M('-T>6QE/3-$)VUA#L@=&5X="UI;F1E;G0Z(#0P<'@[ M(&UA#LG/CQF;VYT('-T>6QE/3-$)V9O;G0M9F%M M:6QY.B!4:6UE6QE M/3-$)VUA#L@;6%R9VEN+6)O='1O;3H@,'!X.R!F;VYT M+7-I>F4Z(#$R<'@[)SXF;F)S<#L\+W`^#0H-"CQT86)L92!S='EL93TS1"=B M;W)D97(M8V]L;&%P6QE/3-$)VUA#L@;6%R M9VEN+6)O='1O;3H@,7!X.R<^/&9O;G0@F4],T0Q/CQB/DEN M<'5T($QE=F5L/"]B/CPO9F]N=#X\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B M;W1T;VT^/&9O;G0@8VQA6QE M/3-$)VUA#L@;6%R9VEN+6)O='1O;3H@,7!X.R<^/&9O M;G0@F4],T0Q/CQB/D1E6QE/3-$)W1E>'0M:6YD96YT M.B`M,65M.R!M87)G:6XM;&5F=#H@,65M.R<^/&9O;G0@F4],T0Q/B9N M8G-P.R9N8G-P.SPO9F]N=#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X\ M9F]N="!S='EL93TS1"=F;VYT+69A;6EL>3H@5&EM97,@3F5W(%)O;6%N.R<@ M8VQA6QE/3-$)W1E>'0M:6YD96YT.B`M,65M.R!M87)G:6XM;&5F=#H@,65M.R<^ M/&9O;G0@F4],T0R/B9N8G-P.R9N8G-P.TQE=F5L(#(\+V9O M;G0^/"]P/CPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/CQF;VYT(&-L87-S M/3-$7VUT('-I>F4],T0Q/B9N8G-P.R9N8G-P.SPO9F]N=#X\+W1D/@T*/'1D M('9A;&EG;CTS1&)O='1O;3X\9F]N="!S='EL93TS1"=F;VYT+69A;6EL>3H@ M5&EM97,@3F5W(%)O;6%N.R<@8VQA2!O8G-E3H@5&EM97,@3F5W(%)O;6%N.R<@8VQA6QE/3-$)V9O;G0M9F%M:6QY.B!4:6UE'0M:6YD96YT.B`T,'!X.R!M87)G:6XM8F]T=&]M.B`P<'@[)SX\ M9F]N="!S='EL93TS1"=F;VYT+69A;6EL>3H@5&EM97,@3F5W(%)O;6%N.R<@ M8VQA#L@9F]N="US:7IE.B`Q<'@[)SXF;F)S M<#L\+W`^#0H-"CQP('-T>6QE/3-$)VUA#L@=&5X="UI M;F1E;G0Z(#0P<'@[(&UA#LG/CQF;VYT('-T>6QE M/3-$)V9O;G0M9F%M:6QY.B!4:6UE#L@9F]N="US:7IE.B`X M<'@[)SXF;F)S<#L\+W`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`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`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`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`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`M,65M.R!M87)G:6XM;&5F=#H@,65M.R<^/&9O;G0@6QE/3-$)V9O;G0M9F%M:6QY.B!4:6UEF4],T0R M/B8C.#(Q,CL\+V9O;G0^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT@;F]W M6QE/3-$)V9O;G0M9F%M:6QY.B!4:6UE M6QE/3-$)V9O;G0M6QE/3-$)V)O3X-"CPO:'1M;#X-"@T*+2TM+2TM/5].97AT4&%R=%\Q M,3@Q.68Y,5]C9#1D7S0X-35?.3@X85\T,F)F83@S-3(X930-"D-O;G1E;G0M M3&]C871I;VXZ(&9I;&4Z+R\O0SHO,3$X,3EF.3%?8V0T9%\T.#4U7SDX.&%? M-#)B9F$X,S4R.&4T+U=O'0O:'1M;#L@8VAA'0^/'`@#L@;6%R9VEN+6)O='1O;3H@,'!X.R<^/&9O;G0@F4],T0R M/CQB/B@W*2!);F-O;64@5&%X97,@/"]B/CPO9F]N=#X\+W`^#0H-"CQP('-T M>6QE/3-$)VUA#L@=&5X="UI;F1E;G0Z(#0P<'@[(&UA M#LG/CQF;VYT('-T>6QE/3-$)V9O;G0M9F%M:6QY M.B!4:6UE4QI;FLG6QE/3-$ M)VUA#L@=&5X="UI;F1E;G0Z(#0P<'@[(&UA#LG/CQF;VYT('-T>6QE/3-$)V9O;G0M9F%M:6QY.B!4:6UE M"!T3X-"CPO:'1M;#X-"@T*+2TM+2TM/5]. M97AT4&%R=%\Q,3@Q.68Y,5]C9#1D7S0X-35?.3@X85\T,F)F83@S-3(X930- M"D-O;G1E;G0M3&]C871I;VXZ(&9I;&4Z+R\O0SHO,3$X,3EF.3%?8V0T9%\T M.#4U7SDX.&%?-#)B9F$X,S4R.&4T+U=O'0O:'1M;#L@8VAA7!E(&-O;G1E;G0],T0G=&5X="]H=&UL.R!C:&%R'0^/'`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`X<'@[)SXF;F)S<#L\ M+W`^#0H-"CQT86)L92!S='EL93TS1"=B;W)D97(M8V]L;&%PF4],T0Q/B9N M8G-P.SPO9F]N=#X\+W1D/@T*/'1D('9A;&EG;CTS1'1O<"!A;&EG;CTS1&QE M9G0^#0H-"CQP(&%L:6=N/3-$;&5F=#X\9F]N="!S='EL93TS1"=F;VYT+69A M;6EL>3H@5&EM97,@3F5W(%)O;6%N.R<@8VQA6QE/3-$)V9O;G0M9F%M:6QY.B!4:6UE7-T96T@9&5V96QO<&UE;G0@86YD('-U<'!O2P@9FEN86YC92!A;F0@86-C;W5N=&EN9RP@=&%X(&%N9"!H=6UA;B!R97-O M=7)C97,N(#PO9F]N=#X\+W`^/"]T9#X\+W1R/CPO=&%B;&4^#0H-"CQP('-T M>6QE/3-$)VUA#L@=&5X="UI;F1E;G0Z(#0P<'@[(&UA M#LG/CQF;VYT('-T>6QE/3-$)V9O;G0M9F%M:6QY M.B!4:6UE'0M:6YD96YT.B`T,'!X M.R!M87)G:6XM8F]T=&]M.B`P<'@[)SX\9F]N="!S='EL93TS1"=F;VYT+69A M;6EL>3H@5&EM97,@3F5W(%)O;6%N.R<@8VQA#L@9F]N="US:7IE.B`X<'@[)SXF;F)S<#L\+W`^ M#0H-"CQT86)L92!S='EL93TS1"=B;W)D97(M8V]L;&%PF4],T0Q M/B9N8G-P.SPO9F]N=#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X\9F]N M="!C;&%S3H@5&EM97,@3F5W(%)O;6%N.R<@ M8VQA6QE/3-$)V9O;G0M9F%M:6QY.B!4:6UEF4],T0Q/B9N8G-P.SPO9F]N=#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O M;3X\9F]N="!C;&%S3H@5&EM97,@3F5W(%)O M;6%N.R<@8VQA6QE/3-$ M)V9O;G0M9F%M:6QY.B!4:6UEF4],T0Q/B9N8G-P.SPO9F]N=#X\+W1D/@T*/'1D('9A M;&EG;CTS1&)O='1O;3X\9F]N="!C;&%SF4],T0Q/B9N8G-P.SPO9F]N=#X\+W1D/@T*/'1D M('9A;&EG;CTS1&)O='1O;3X\9F]N="!C;&%S3H@5&EM97,@3F5W(%)O;6%N.R<@8VQAF4],T0Q/B9N8G-P.SPO9F]N=#X\+W1D/@T* M/'1D('9A;&EG;CTS1&)O='1O;3X\9F]N="!C;&%S3H@5&EM97,@3F5W(%)O;6%N.R<@8VQA6QE/3-$)V9O;G0M9F%M:6QY.B!4:6UE6QE/3-$)V9O;G0M9F%M:6QY.B!4:6UEF4],T0Q/B9N8G-P.SPO9F]N=#X\+W1D M/CPO='(^#0H\='(^/'1D('9A;&EG;CTS1&)O='1O;3X\9F]N="!C;&%S3H@5&EM M97,@3F5W(%)O;6%N.R<@8VQA6QE/3-$)W1E>'0M:6YD96YT.B`M,65M.R!M M87)G:6XM;&5F=#H@,65M.R<^/&9O;G0@F4],T0R/E-T6QE/3-$)V9O M;G0M9F%M:6QY.B!4:6UEF4],T0R/C@P-#PO9F]N M=#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;2!N;W=R87`],T1N;W=R87`^ M/&9O;G0@F4],T0R/B9N8G-P.R9N8G-P.SPO9F]N=#X\+W1D M/@T*/'1D('9A;&EG;CTS1&)O='1O;3X\9F]N="!C;&%SF4],T0R/B9N8G-P M.R9N8G-P.SPO9F]N=#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X\9F]N M="!C;&%SF4],T0Q/B9N M8G-P.SPO9F]N=#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X\9F]N="!C M;&%S6QE/3-$ M)V9O;G0M9F%M:6QY.B!4:6UE6QE/3-$ M)V9O;G0M9F%M:6QY.B!4:6UE3H@ M5&EM97,@3F5W(%)O;6%N.R<@8VQA3H@5&EM97,@3F5W(%)O;6%N M.R<@8VQAF4],T0Q/B9N8G-P.SPO9F]N=#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O M;3X\9F]N="!S='EL93TS1"=F;VYT+69A;6EL>3H@5&EM97,@3F5W(%)O;6%N M.R<@8VQA3H@5&EM97,@3F5W(%)O;6%N.R<@8VQA6QE/3-$)V9O;G0M9F%M:6QY.B!4:6UE MF4],T0Q/B9N8G-P.SPO9F]N=#X\+W1D/@T* M/'1D('9A;&EG;CTS1&)O='1O;3X\9F]N="!S='EL93TS1"=F;VYT+69A;6EL M>3H@5&EM97,@3F5W(%)O;6%N.R<@8VQAF4],T0R/B9N8G-P.R9N8G-P.SPO9F]N=#X\+W1D/@T*/'1D('9A M;&EG;CTS1&)O='1O;3X\9F]N="!C;&%SF4],T0R/B9N8G-P.R9N8G-P.SPO M9F]N=#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X\9F]N="!C;&%SF4],T0Q/B9N8G-P.SPO9F]N M=#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X\9F]N="!C;&%SF4],T0R M/B9N8G-P.R9N8G-P.SPO9F]N=#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O M;3X\9F]N="!C;&%SF4],T0R/B9N8G-P.R9N8G-P.SPO9F]N=#X\+W1D/@T* M/'1D('9A;&EG;CTS1&)O='1O;3X\9F]N="!C;&%SF4],T0R/B9N8G-P.R9N M8G-P.SPO9F]N=#X\+W1D/CPO='(^#0H\='(@8F=C;VQO3H@5&EM97,@3F5W(%)O;6%N.R<@8VQAF4],T0Q/B9N8G-P.SPO9F]N=#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O M;3X\9F]N="!S='EL93TS1"=F;VYT+69A;6EL>3H@5&EM97,@3F5W(%)O;6%N M.R<@8VQAF4],T0R/B9N8G-P M.R9N8G-P.SPO9F]N=#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X\9F]N M="!C;&%S6QE M/3-$)V9O;G0M9F%M:6QY.B!4:6UE"!S;VQI9#LG('9A;&EG;CTS1&)O='1O;3X\9F]N="!C;&%S6QE/3-$ M)V9O;G0M9F%M:6QY.B!4:6UE3H@ M5&EM97,@3F5W(%)O;6%N.R<@8VQA3H@5&EM97,@3F5W(%)O;6%N M.R<@8VQAF4],T0Q/B9N8G-P.SPO9F]N=#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O M;3X\9F]N="!S='EL93TS1"=F;VYT+69A;6EL>3H@5&EM97,@3F5W(%)O;6%N M.R<@8VQAF4],T0R/B9N8G-P M.R9N8G-P.SPO9F]N=#X\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X\9F]N M="!C;&%SF4],T0R/B9N8G-P.R9N8G-P.SPO9F]N=#X\+W1D/CPO='(^#0H\ M='(@6QE/3-$)V)O6QE/3-$)V)O"!S;VQI9#LG/B9N8G-P.SPO<#X\+W1D/@T*/'1D/B9N8G-P.SPO=&0^ M#0H\=&0@=F%L:6=N/3-$8F]T=&]M/B9N8G-P.SPO=&0^#0H\=&0@"!S;VQI9#LG('9A;&EG;CTS M1&)O='1O;3XF;F)S<#L\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3XF;F)S M<#L\+W1D/@T*/'1D('9A;&EG;CTS1&)O='1O;3X-"@T*/'`@6QE/3-$)V)O6QE/3-$)V)O"!S;VQI9#LG/B9N8G-P.SPO<#X\+W1D/@T*/'1D/B9N M8G-P.SPO=&0^#0H\=&0@=F%L:6=N/3-$8F]T=&]M/B9N8G-P.SPO=&0^#0H\ M=&0@=F%L:6=N/3-$8F]T=&]M/@T*#0H\<"!S='EL93TS1"=B;W)D97(M=&]P M.B`C,#`P,#`P(#%P>"!S;VQI9#LG/B9N8G-P.SPO<#X\+W1D/@T*/'1D('9A M;&EG;CTS1&)O='1O;3X-"@T*/'`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`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T M;VT^#0H-"CQP('-T>6QE/3-$)V)O"!D M;W5B;&4[)SXF;F)S<#L\+W`^/"]T9#X-"CQT9"!V86QI9VX],T1B;W1T;VT^ M#0H-"CQP('-T>6QE/3-$)V)O6QE/3-$)V)O'0M:6YD96YT M.B`T,'!X.R!M87)G:6XM8F]T=&]M.B`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`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`@/&AE860^#0H@("`@/$U%5$$@:'1T<"UE<75I=CTS M1$-O;G1E;G0M5'EP92!C;VYT96YT/3-$)W1E>'0O:'1M;#L@8VAA7!E/3-$=&5X="]J879A6QE/3-$ M)VUA#LG/CQF;VYT M('-T>6QE/3-$)V9O;G0M9F%M:6QY.B!4:6UE6QE/3-$)VUA#L@=&5X="UI;F1E;G0Z(#0P<'@[(&UA#LG/CQF;VYT('-T>6QE/3-$)V9O;G0M9F%M:6QY.B!4:6UE2!A;F0@86YN M=6%L(')E<&]R=',@9FEL960@=VET:"!T:&4@4T5#+B!"96-A=7-E('=E(&%R M92!N;W0@82!P87)T>2!T;R!A;GD@;V8@=&AE(&UA='1E7!E.B!T97AT+VAT;6P[(&-H87)S970](G5S+6%S8VEI M(@T*#0H\>&UL('AM;&YS.F\],T0B=7)N.G-C:&5M87,M;6EC'1087)T7S$Q.#$Y9CDQ7V-D =-&1?-#@U-5\Y.#AA7S0R8F9A.#,U,CAE-"TM#0H` ` end

Large accelerated filer ¨

Accelerated filer ¨

Non-accelerated filer x

Smaller reporting company ¨

(Do not check if a smaller
reporting company)

Consolidated Balance Sheets (Parenthetical) (USD $) In Millions, except Share data	Sep. 30, 2011 Successor [Member]	Dec. 31, 2010 Predecessor [Member]
Accounts receivable, allowance	$ 31	$ 48
Common stock, shares outstanding	1	1
Common stock, no par value

Consolidated Statements Of Operations (USD $) In Millions	3 Months Ended	6 Months Ended	3 Months Ended		9 Months Ended
Consolidated Statements Of Operations (USD $) In Millions	Sep. 30, 2011 Successor [Member]	Sep. 30, 2011 Successor [Member]	Mar. 31, 2011 Predecessor [Member]	Sep. 30, 2010 Predecessor [Member]	Sep. 30, 2010 Predecessor [Member]
OPERATING REVENUES
Operating revenues	$ 1,793	$ 3,609	$ 1,870	$ 1,923	$ 5,809
Operating revenues-affiliates	397	812	398	388	1,162
Total operating revenues	2,190	4,421	2,268	2,311	6,971
OPERATING EXPENSES
Cost of services and products (exclusive of depreciation and amortization)	624	1,215	626	665	1,946
Selling, general and administrative	458	1,032	501	509	1,554
Operating expenses-affiliates	76	149	52	51	143
Depreciation and amortization	620	1,243	451	470	1,402
Total operating expenses	1,778	3,639	1,630	1,695	5,045
OPERATING INCOME	412	782	638	616	1,926
OTHER INCOME (EXPENSE)
Interest expense	(95)	(183)	(150)	(150)	(465)
Other income		(1)	2	1	2
Total other income (expense)	(95)	(184)	(148)	(149)	(463)
INCOME BEFORE INCOME TAX EXPENSE	317	598	490	467	1,463
Income tax expense	118	234	191	181	621
NET INCOME	$ 199	$ 364	$ 299	$ 286	$ 842