XML 14 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONSOLIDATED BALANCE SHEETS (USD $)
In Millions, unless otherwise specified
Sep. 30, 2013
Dec. 31, 2012
CURRENT ASSETS    
Cash and cash equivalents $ 13 $ 8
Accounts receivable, less allowance of $42 and $46 740 709
Advances to affiliates 712 593
Deferred income taxes, net 145 149
Other 123 114
Total current assets 1,733 1,573
NET PROPERTY, PLANT AND EQUIPMENT    
Property, plant and equipment 10,042 9,242
Accumulated depreciation (2,788) (2,011)
Net property, plant and equipment 7,254 7,231
GOODWILL AND OTHER ASSETS    
Goodwill 9,369 9,369
Customer relationships, less accumulated amortization of $1,843 and $1,320 3,856 4,379
Other intangible assets, less accumulated amortization of $910 and $704 1,061 1,212
Other 214 181
Total goodwill and other assets 14,500 15,141
TOTAL ASSETS 23,487 23,945
CURRENT LIABILITIES    
Current maturities of long-term debt 42 804
Accounts payable 475 456
Note payable-affiliate 741 701
Accrued expenses and other liabilities    
Salaries and benefits 229 253
Income and other taxes 218 215
Interest 121 83
Other 41 19
Advance billings and customer deposits 328 301
Total current liabilities 2,195 2,832
LONG-TERM DEBT 7,540 6,821
DEFERRED CREDITS AND OTHER LIABILITIES    
Deferred revenue 143 130
Deferred income taxes, net 2,443 2,629
Affiliates obligations, net 1,314 1,442
Other 100 117
Total deferred credits and other liabilities 4,000 4,318
COMMITMENTS AND CONTINGENCIES (Note 6)      
STOCKHOLDER'S EQUITY    
Common stock-one share without par value, owned by Qwest Services Corporation 10,050 10,050
Accumulated deficit (298) (76)
Total stockholder's equity 9,752 9,974
TOTAL LIABILITIES AND STOCKHOLDER'S EQUITY $ 23,487 $ 23,945