XML 68 R57.htm IDEA: XBRL DOCUMENT v3.10.0.1
Condensed Consolidating Financial Information - Statements of Comprehensive Income (Loss) (Details) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Condensed Consolidating Financial Information        
Operating revenues $ 2,052   $ 4,139  
OPERATING EXPENSES        
Cost of services and products (exclusive of depreciation and amortization) 980   1,978  
Selling, general and administrative 388   732  
Operating expenses - affiliates 55   108  
Depreciation and amortization 433   864  
Total operating expenses 1,856   3,682  
OPERATING INCOME 196   457  
OTHER INCOME (EXPENSE)        
Interest income 0   1  
Interest income - affiliate 16   32  
Interest expense (124)   (244)  
Interest income (expense) - intercompany, net 0   0  
Equity in net earnings (losses) of subsidiaries 0   0  
Loss on modification and extinguishment of debt 0   0  
Other (expense) income, net (4)   2  
Total other expense, net (112)   (209)  
INCOME (LOSS) BEFORE INCOME TAXES 84   248  
Income tax expense (44)   (146)  
NET INCOME 40   102  
Other comprehensive (loss) income (235)   (163)  
COMPREHENSIVE INCOME (LOSS) (195)   (61)  
Eliminations        
Condensed Consolidating Financial Information        
Operating revenues (43)   (83)  
OPERATING EXPENSES        
Cost of services and products (exclusive of depreciation and amortization) (43)   (83)  
Selling, general and administrative 0   0  
Operating expenses - affiliates 0   0  
Depreciation and amortization 0   0  
Total operating expenses (43)   (83)  
OPERATING INCOME 0   0  
OTHER INCOME (EXPENSE)        
Interest income (1)   (1)  
Interest income - affiliate 0   0  
Interest expense 1   1  
Interest income (expense) - intercompany, net 0   0  
Equity in net earnings (losses) of subsidiaries 1,148   2,303  
Other (expense) income, net 0   0  
Total other expense, net 1,148   2,303  
INCOME (LOSS) BEFORE INCOME TAXES 1,148   2,303  
Income tax expense 0   0  
NET INCOME 1,148   2,303  
Other comprehensive (loss) income 235   163  
COMPREHENSIVE INCOME (LOSS) 1,383   2,466  
Level 3 Communications, Inc. | Reportable Legal Entities        
Condensed Consolidating Financial Information        
Operating revenues 0   0  
OPERATING EXPENSES        
Cost of services and products (exclusive of depreciation and amortization) 0   0  
Selling, general and administrative 0   0  
Operating expenses - affiliates 0   0  
Depreciation and amortization 0   0  
Total operating expenses 0   0  
OPERATING INCOME 0   0  
OTHER INCOME (EXPENSE)        
Interest income 0   0  
Interest income - affiliate 16   32  
Interest expense (8)   (16)  
Interest income (expense) - intercompany, net 348   703  
Equity in net earnings (losses) of subsidiaries (316)   (631)  
Other (expense) income, net 0   0  
Total other expense, net 40   88  
INCOME (LOSS) BEFORE INCOME TAXES 40   88  
Income tax expense 0   14  
NET INCOME 40   102  
Other comprehensive (loss) income (235)   (163)  
COMPREHENSIVE INCOME (LOSS) (195)   (61)  
Level 3 Financing, Inc. | Reportable Legal Entities        
Condensed Consolidating Financial Information        
Operating revenues 0   0  
OPERATING EXPENSES        
Cost of services and products (exclusive of depreciation and amortization) 0   0  
Selling, general and administrative 2   0  
Operating expenses - affiliates 0   3  
Depreciation and amortization 0   0  
Total operating expenses 2   3  
OPERATING INCOME (2)   (3)  
OTHER INCOME (EXPENSE)        
Interest income 0   0  
Interest income - affiliate 0   0  
Interest expense (113)   (221)  
Interest income (expense) - intercompany, net 604   1,212  
Equity in net earnings (losses) of subsidiaries (832)   (1,671)  
Other (expense) income, net 0   0  
Total other expense, net (341)   (680)  
INCOME (LOSS) BEFORE INCOME TAXES (343)   (683)  
Income tax expense 27   52  
NET INCOME (316)   (631)  
Other comprehensive (loss) income 0   0  
COMPREHENSIVE INCOME (LOSS) (316)   (631)  
Level 3 Communications, LLC | Reportable Legal Entities        
Condensed Consolidating Financial Information        
Operating revenues 983   1,964  
OPERATING EXPENSES        
Cost of services and products (exclusive of depreciation and amortization) 600   1,189  
Selling, general and administrative 286   344  
Operating expenses - affiliates 37   545  
Depreciation and amortization 174   90  
Total operating expenses 1,097   2,168  
OPERATING INCOME (114)   (204)  
OTHER INCOME (EXPENSE)        
Interest income 1   1  
Interest income - affiliate 0   0  
Interest expense 0   (1)  
Interest income (expense) - intercompany, net (878)   (1,759)  
Equity in net earnings (losses) of subsidiaries 0   (1)  
Other (expense) income, net 2   3  
Total other expense, net (875)   (1,757)  
INCOME (LOSS) BEFORE INCOME TAXES (989)   (1,961)  
Income tax expense 13   (34)  
NET INCOME (976)   (1,995)  
Other comprehensive (loss) income 0   0  
COMPREHENSIVE INCOME (LOSS) (976)   (1,995)  
Other Non-Guarantor Subsidiaries | Reportable Legal Entities        
Condensed Consolidating Financial Information        
Operating revenues 1,112   2,258  
OPERATING EXPENSES        
Cost of services and products (exclusive of depreciation and amortization) 423   872  
Selling, general and administrative 100   520  
Operating expenses - affiliates 18   184  
Depreciation and amortization 259   18  
Total operating expenses 800   1,594  
OPERATING INCOME 312   664  
OTHER INCOME (EXPENSE)        
Interest income 0   1  
Interest income - affiliate 0   0  
Interest expense (4)   (7)  
Interest income (expense) - intercompany, net (74)   (156)  
Equity in net earnings (losses) of subsidiaries 0   0  
Other (expense) income, net (6)   (1)  
Total other expense, net (84)   (163)  
INCOME (LOSS) BEFORE INCOME TAXES 228   501  
Income tax expense (84)   (178)  
NET INCOME 144   323  
Other comprehensive (loss) income (235)   (163)  
COMPREHENSIVE INCOME (LOSS) (91)   160  
Predecessor        
Condensed Consolidating Financial Information        
Operating revenues   $ 2,062   $ 4,110
OPERATING EXPENSES        
Cost of services and products (exclusive of depreciation and amortization)   1,035   2,086
Selling, general and administrative   367   731
Operating expenses - affiliates   0   0
Depreciation and amortization   307   603
Total operating expenses   1,709   3,420
OPERATING INCOME   353   690
OTHER INCOME (EXPENSE)        
Interest income   3   5
Interest income - affiliate   0   0
Interest expense   (131)   (265)
Interest income (expense) - intercompany, net   0   0
Equity in net earnings (losses) of subsidiaries   0   0
Loss on modification and extinguishment of debt   0   (44)
Other (expense) income, net   (2)   2
Total other expense, net   (130)   (302)
INCOME (LOSS) BEFORE INCOME TAXES   223   388
Income tax expense   (69)   (139)
NET INCOME   154   249
Other comprehensive (loss) income   41   62
COMPREHENSIVE INCOME (LOSS)   195   311
Predecessor | Eliminations        
Condensed Consolidating Financial Information        
Operating revenues   (46)   (75)
OPERATING EXPENSES        
Cost of services and products (exclusive of depreciation and amortization)   (46)   (75)
Selling, general and administrative   0   0
Operating expenses - affiliates   0   0
Depreciation and amortization   0   0
Total operating expenses   (46)   (75)
OPERATING INCOME   0   0
OTHER INCOME (EXPENSE)        
Interest income   0   0
Interest income - affiliate   0   0
Interest expense   0   0
Interest income (expense) - intercompany, net   0   0
Equity in net earnings (losses) of subsidiaries   648   1,366
Loss on modification and extinguishment of debt       0
Other (expense) income, net   0   0
Total other expense, net   648   1,366
INCOME (LOSS) BEFORE INCOME TAXES   648   1,366
Income tax expense   0   0
NET INCOME   648   1,366
Other comprehensive (loss) income   (41)   (62)
COMPREHENSIVE INCOME (LOSS)   607   1,304
Predecessor | Level 3 Communications, Inc. | Reportable Legal Entities        
Condensed Consolidating Financial Information        
Operating revenues   0   0
OPERATING EXPENSES        
Cost of services and products (exclusive of depreciation and amortization)   0   0
Selling, general and administrative   1   2
Operating expenses - affiliates   0   0
Depreciation and amortization   0   0
Total operating expenses   1   2
OPERATING INCOME   (1)   (2)
OTHER INCOME (EXPENSE)        
Interest income   0   0
Interest income - affiliate   0   0
Interest expense   (9)   (18)
Interest income (expense) - intercompany, net   378   755
Equity in net earnings (losses) of subsidiaries   (216)   (491)
Loss on modification and extinguishment of debt       0
Other (expense) income, net   0   0
Total other expense, net   153   246
INCOME (LOSS) BEFORE INCOME TAXES   152   244
Income tax expense   2   5
NET INCOME   154   249
Other comprehensive (loss) income   41   62
COMPREHENSIVE INCOME (LOSS)   195   311
Predecessor | Level 3 Financing, Inc. | Reportable Legal Entities        
Condensed Consolidating Financial Information        
Operating revenues   0   0
OPERATING EXPENSES        
Cost of services and products (exclusive of depreciation and amortization)   0   0
Selling, general and administrative   1   2
Operating expenses - affiliates   0   0
Depreciation and amortization   0   0
Total operating expenses   1   2
OPERATING INCOME   (1)   (2)
OTHER INCOME (EXPENSE)        
Interest income   0   0
Interest income - affiliate   0   0
Interest expense   (117)   (237)
Interest income (expense) - intercompany, net   567   1,141
Equity in net earnings (losses) of subsidiaries   (632)   (1,278)
Loss on modification and extinguishment of debt       (44)
Other (expense) income, net   0   0
Total other expense, net   (182)   (418)
INCOME (LOSS) BEFORE INCOME TAXES   (183)   (420)
Income tax expense   (33)   (71)
NET INCOME   (216)   (491)
Other comprehensive (loss) income   0   0
COMPREHENSIVE INCOME (LOSS)   (216)   (491)
Predecessor | Level 3 Communications, LLC | Reportable Legal Entities        
Condensed Consolidating Financial Information        
Operating revenues   934   1,854
OPERATING EXPENSES        
Cost of services and products (exclusive of depreciation and amortization)   602   1,185
Selling, general and administrative   294   571
Operating expenses - affiliates   0   0
Depreciation and amortization   92   179
Total operating expenses   988   1,935
OPERATING INCOME   (54)   (81)
OTHER INCOME (EXPENSE)        
Interest income   3   5
Interest income - affiliate   0   0
Interest expense   (1)   (2)
Interest income (expense) - intercompany, net   (868)   (1,737)
Equity in net earnings (losses) of subsidiaries   200   403
Loss on modification and extinguishment of debt       0
Other (expense) income, net   (2)   3
Total other expense, net   (668)   (1,328)
INCOME (LOSS) BEFORE INCOME TAXES   (722)   (1,409)
Income tax expense   (1)   (2)
NET INCOME   (723)   (1,411)
Other comprehensive (loss) income   0   0
COMPREHENSIVE INCOME (LOSS)   (723)   (1,411)
Predecessor | Other Non-Guarantor Subsidiaries | Reportable Legal Entities        
Condensed Consolidating Financial Information        
Operating revenues   1,174   2,331
OPERATING EXPENSES        
Cost of services and products (exclusive of depreciation and amortization)   479   976
Selling, general and administrative   71   156
Operating expenses - affiliates   0   0
Depreciation and amortization   215   424
Total operating expenses   765   1,556
OPERATING INCOME   409   775
OTHER INCOME (EXPENSE)        
Interest income   0   0
Interest income - affiliate   0   0
Interest expense   (4)   (8)
Interest income (expense) - intercompany, net   (77)   (159)
Equity in net earnings (losses) of subsidiaries   0   0
Loss on modification and extinguishment of debt       0
Other (expense) income, net   0   (1)
Total other expense, net   (81)   (168)
INCOME (LOSS) BEFORE INCOME TAXES   328   607
Income tax expense   (37)   (71)
NET INCOME   291   536
Other comprehensive (loss) income   41   62
COMPREHENSIVE INCOME (LOSS)   332   598
Non-Affiliate Revenue        
Condensed Consolidating Financial Information        
Operating revenues 2,025   4,087  
Non-Affiliate Revenue | Eliminations        
Condensed Consolidating Financial Information        
Operating revenues (43)   (83)  
Non-Affiliate Revenue | Level 3 Communications, Inc. | Reportable Legal Entities        
Condensed Consolidating Financial Information        
Operating revenues 0   0  
Non-Affiliate Revenue | Level 3 Financing, Inc. | Reportable Legal Entities        
Condensed Consolidating Financial Information        
Operating revenues 0   0  
Non-Affiliate Revenue | Level 3 Communications, LLC | Reportable Legal Entities        
Condensed Consolidating Financial Information        
Operating revenues 977   1,933  
Non-Affiliate Revenue | Other Non-Guarantor Subsidiaries | Reportable Legal Entities        
Condensed Consolidating Financial Information        
Operating revenues 1,091   2,237  
Non-Affiliate Revenue | Predecessor        
Condensed Consolidating Financial Information        
Operating revenues   2,062   4,110
Non-Affiliate Revenue | Predecessor | Eliminations        
Condensed Consolidating Financial Information        
Operating revenues   (46)   (75)
Non-Affiliate Revenue | Predecessor | Level 3 Communications, Inc. | Reportable Legal Entities        
Condensed Consolidating Financial Information        
Operating revenues   0   0
Non-Affiliate Revenue | Predecessor | Level 3 Financing, Inc. | Reportable Legal Entities        
Condensed Consolidating Financial Information        
Operating revenues   0   0
Non-Affiliate Revenue | Predecessor | Level 3 Communications, LLC | Reportable Legal Entities        
Condensed Consolidating Financial Information        
Operating revenues   934   1,854
Non-Affiliate Revenue | Predecessor | Other Non-Guarantor Subsidiaries | Reportable Legal Entities        
Condensed Consolidating Financial Information        
Operating revenues   1,174   2,331
Affiliate Revenues        
Condensed Consolidating Financial Information        
Operating revenues 27   52  
Affiliate Revenues | Eliminations        
Condensed Consolidating Financial Information        
Operating revenues 0   0  
Affiliate Revenues | Level 3 Communications, Inc. | Reportable Legal Entities        
Condensed Consolidating Financial Information        
Operating revenues 0   0  
Affiliate Revenues | Level 3 Financing, Inc. | Reportable Legal Entities        
Condensed Consolidating Financial Information        
Operating revenues 0   0  
Affiliate Revenues | Level 3 Communications, LLC | Reportable Legal Entities        
Condensed Consolidating Financial Information        
Operating revenues 6   31  
Affiliate Revenues | Other Non-Guarantor Subsidiaries | Reportable Legal Entities        
Condensed Consolidating Financial Information        
Operating revenues $ 21   $ 21  
Affiliate Revenues | Predecessor        
Condensed Consolidating Financial Information        
Operating revenues   0   0
Affiliate Revenues | Predecessor | Eliminations        
Condensed Consolidating Financial Information        
Operating revenues   0   0
Affiliate Revenues | Predecessor | Level 3 Communications, Inc. | Reportable Legal Entities        
Condensed Consolidating Financial Information        
Operating revenues   0   0
Affiliate Revenues | Predecessor | Level 3 Financing, Inc. | Reportable Legal Entities        
Condensed Consolidating Financial Information        
Operating revenues   0   0
Affiliate Revenues | Predecessor | Level 3 Communications, LLC | Reportable Legal Entities        
Condensed Consolidating Financial Information        
Operating revenues   0   0
Affiliate Revenues | Predecessor | Other Non-Guarantor Subsidiaries | Reportable Legal Entities        
Condensed Consolidating Financial Information        
Operating revenues   $ 0   $ 0