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Quarterly Financial Data (Unaudited)
12 Months Ended
Dec. 31, 2012
Quarterly Financial Data (Unaudited)  
Quarterly Financial Data (Unaudited)

(15)   Quarterly Financial Data (Unaudited)

 
  Quarterly Financial Data  
 
  Successor  
2012
  First
Quarter
  Second
Quarter
  Third
Quarter
  Fourth
Quarter
  Twelve
Months
Total
 
 
  (Dollars in millions)
 

Operating revenues

  $ 2,840     2,835     2,825     2,856     11,356  

Operating income

    290     291     322     375     1,278  

Income tax expense (benefit)

    48     27     54     67     196  

Net income (loss)

    77     37     83     111     308  

 

 
  Quarterly Financial Data  
 
  Predecessor    
  Successor  
2011
  First
Quarter
   
  Second
Quarter
  Third
Quarter
  Fourth
Quarter
  Nine
Months
Total
 
 
  (Dollars in millions)
 

Operating revenues

  $ 2,846         2,769     2,765     2,793     8,327  

Operating income

    579         138     223     182     543  

Income tax expense (benefit)

    146             33     (1 )   32  

Net income (loss)

    211         (13 )   32         19  

Second Quarter 2011

        We recognized $127 million of certain expenses associated with activities related to CenturyLink's acquisition of us during the successor three months ended June 30, 2011. These expenses were comprised primarily of severance of $99 million, retention bonuses of $14 million, share-based compensation of $11 million and system integration consulting of $1 million.