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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Jun. 30, 2015
Dec. 31, 2014
Current Assets    
Cash and cash equivalents $ 191 $ 171
Accounts receivable, net of allowances of $27 and $30 131 151
Deferred directory costs 136 161
Prepaid expenses and other 18 14
Total current assets 476 497
Fixed assets and capitalized software, net 45 64
Goodwill 315 315
Intangible assets, net 608 794
Pension assets 44 45
Other non-current assets 6 7
Total Assets 1,494 1,722
Current Liabilities    
Current maturities of long-term debt 124 124
Accounts payable and accrued liabilities 122 167
Accrued interest 20 20
Deferred revenue 76 93
Total current liabilities 342 404
Long-term debt 2,211 2,272
Employee benefit obligations 118 127
Deferred tax liabilities 28 30
Unrecognized tax benefits 11 11
Other liabilities 3 0
Shareholders' (Deficit)    
Common stock, par value $.001 per share, authorized – 300,000,000 shares; issued and outstanding – 17,566,247 shares at June 30, 2015 and 17,608,580 shares at December 31, 2014 0 0
Additional paid-in capital 1,556 1,554
Retained (deficit) (2,692) (2,591)
Accumulated other comprehensive (loss) (83) (85)
Total shareholders' (deficit) (1,219) (1,122)
Total Liabilities and Shareholders' (Deficit) $ 1,494 $ 1,722