XML 53 R41.htm IDEA: XBRL DOCUMENT v3.7.0.1
Condensed Consolidating Financial Information - Balance Sheets (Details) - USD ($)
$ in Millions
Jun. 30, 2017
Dec. 31, 2016
Jun. 30, 2016
Dec. 31, 2015
Current Assets:        
Cash and cash equivalents $ 1,056 $ 1,819 $ 1,291 $ 854
Marketable Securities 1,127 0    
Restricted cash and securities 5 7    
Receivables, less allowances for doubtful accounts 707 712    
Due from affiliates 0 0    
Other 141 115    
Total Current Assets 3,036 2,653    
Property, Plant and Equipment, net 10,392 10,139    
Restricted Cash and Securities 29 31    
Goodwill and Other Intangibles Assets, net 8,546 8,644    
Investment in Subsidiaries 0 0    
Deferred Tax Assets 3,235 3,370    
Other Assets, net 49 51    
Total Assets 25,287 24,888    
Liabilities and Stockholders' Equity:        
Accounts payable 693 706    
Current portion of long-term debt 306 7    
Accrued payroll and employee benefits 178 195    
Accrued interest 97 129    
Current portion of deferred revenue 262 266    
Due to affiliates 0 0    
Other 162 168    
Total Current Liabilities 1,698 1,471    
Long-Term Debt, less current portion 10,584 10,877    
Deferred Revenue, less current portion 1,058 1,001    
Other Liabilities 632 622    
Commitments and Contingencies    
Stockholders' Equity (Deficit) 11,315 10,917    
Total Liabilities and Stockholders’ Equity 25,287 24,888    
Level 3 Communications, Inc.        
Current Assets:        
Cash and cash equivalents 14 15 11 12
Marketable Securities 0      
Restricted cash and securities 0 0    
Receivables, less allowances for doubtful accounts 0 0    
Due from affiliates 17,832 17,032    
Other 0 0    
Total Current Assets 17,846 17,047    
Property, Plant and Equipment, net 0 0    
Restricted Cash and Securities 19 22    
Goodwill and Other Intangibles Assets, net 0 0    
Investment in Subsidiaries 16,926 16,869    
Deferred Tax Assets 55 51    
Other Assets, net 0 0    
Total Assets 34,846 33,989    
Liabilities and Stockholders' Equity:        
Accounts payable 0 0    
Current portion of long-term debt 0 0    
Accrued payroll and employee benefits 0 0    
Accrued interest 11 11    
Current portion of deferred revenue 0 0    
Due to affiliates 0 0    
Other 0 0    
Total Current Liabilities 11 11    
Long-Term Debt, less current portion 593 592    
Deferred Revenue, less current portion 0 0    
Other Liabilities 16 16    
Commitments and Contingencies    
Stockholders' Equity (Deficit) 34,226 33,370    
Total Liabilities and Stockholders’ Equity 34,846 33,989    
Level 3 Financing, Inc.        
Current Assets:        
Cash and cash equivalents 0 0 6 6
Marketable Securities 0      
Restricted cash and securities 0 0    
Receivables, less allowances for doubtful accounts 0 0    
Due from affiliates 22,581 21,715    
Other 0 0    
Total Current Assets 22,581 21,715    
Property, Plant and Equipment, net 0 0    
Restricted Cash and Securities 0 0    
Goodwill and Other Intangibles Assets, net 0 0    
Investment in Subsidiaries 17,664 17,599    
Deferred Tax Assets 2,617 2,687    
Other Assets, net 0 0    
Total Assets 42,862 42,001    
Liabilities and Stockholders' Equity:        
Accounts payable 1 0    
Current portion of long-term debt 299 0    
Accrued payroll and employee benefits 0 0    
Accrued interest 79 110    
Current portion of deferred revenue 0 0    
Due to affiliates 0 0    
Other (1) 0    
Total Current Liabilities 378 110    
Long-Term Debt, less current portion 9,816 10,108    
Deferred Revenue, less current portion 0 0    
Other Liabilities 0 0    
Commitments and Contingencies    
Stockholders' Equity (Deficit) 32,668 31,783    
Total Liabilities and Stockholders’ Equity 42,862 42,001    
Level 3 Communications, LLC        
Current Assets:        
Cash and cash equivalents 938 1,700 1,202 727
Marketable Securities 1,127      
Restricted cash and securities 1 1    
Receivables, less allowances for doubtful accounts 4 26    
Due from affiliates 0 0    
Other 116 87    
Total Current Assets 2,186 1,814    
Property, Plant and Equipment, net 4,105 3,869    
Restricted Cash and Securities 10 9    
Goodwill and Other Intangibles Assets, net 352 353    
Investment in Subsidiaries 3,639 3,674    
Deferred Tax Assets (1) 0    
Other Assets, net 14 16    
Total Assets 10,305 9,735    
Liabilities and Stockholders' Equity:        
Accounts payable 324 307    
Current portion of long-term debt 2 2    
Accrued payroll and employee benefits 149 160    
Accrued interest 0 0    
Current portion of deferred revenue 111 116    
Due to affiliates 43,237 40,927    
Other 130 127    
Total Current Liabilities 43,953 41,639    
Long-Term Debt, less current portion 12 13    
Deferred Revenue, less current portion 781 719    
Other Liabilities 164 155    
Commitments and Contingencies    
Stockholders' Equity (Deficit) (34,605) (32,791)    
Total Liabilities and Stockholders’ Equity 10,305 9,735    
Other Non-Guarantor Subsidiaries        
Current Assets:        
Cash and cash equivalents 104 104 72 109
Marketable Securities 0      
Restricted cash and securities 4 6    
Receivables, less allowances for doubtful accounts 703 686    
Due from affiliates 2,824 2,180    
Other 25 28    
Total Current Assets 3,660 3,004    
Property, Plant and Equipment, net 6,287 6,270    
Restricted Cash and Securities 0 0    
Goodwill and Other Intangibles Assets, net 8,194 8,291    
Investment in Subsidiaries 0 0    
Deferred Tax Assets 564 632    
Other Assets, net 35 35    
Total Assets 18,740 18,232    
Liabilities and Stockholders' Equity:        
Accounts payable 368 399    
Current portion of long-term debt 5 5    
Accrued payroll and employee benefits 29 35    
Accrued interest 7 8    
Current portion of deferred revenue 151 150    
Due to affiliates 0 0    
Other 33 41    
Total Current Liabilities 593 638    
Long-Term Debt, less current portion 163 164    
Deferred Revenue, less current portion 277 282    
Other Liabilities 452 451    
Commitments and Contingencies    
Stockholders' Equity (Deficit) 17,255 16,697    
Total Liabilities and Stockholders’ Equity 18,740 18,232    
Eliminations        
Current Assets:        
Cash and cash equivalents 0 0 $ 0 $ 0
Marketable Securities 0      
Restricted cash and securities 0 0    
Receivables, less allowances for doubtful accounts 0 0    
Due from affiliates (43,237) (40,927)    
Other 0 0    
Total Current Assets (43,237) (40,927)    
Property, Plant and Equipment, net 0 0    
Restricted Cash and Securities 0 0    
Goodwill and Other Intangibles Assets, net 0 0    
Investment in Subsidiaries (38,229) (38,142)    
Deferred Tax Assets 0 0    
Other Assets, net 0 0    
Total Assets (81,466) (79,069)    
Liabilities and Stockholders' Equity:        
Accounts payable 0 0    
Current portion of long-term debt 0 0    
Accrued payroll and employee benefits 0 0    
Accrued interest 0 0    
Current portion of deferred revenue 0 0    
Due to affiliates (43,237) (40,927)    
Other 0 0    
Total Current Liabilities (43,237) (40,927)    
Long-Term Debt, less current portion 0 0    
Deferred Revenue, less current portion 0 0    
Other Liabilities 0 0    
Commitments and Contingencies    
Stockholders' Equity (Deficit) (38,229) (38,142)    
Total Liabilities and Stockholders’ Equity $ (81,466) $ (79,069)