XML 60 R5.htm IDEA: XBRL DOCUMENT v2.4.1.9
CONSOLIDATED BALANCE SHEETS (USD $)
In Millions, unless otherwise specified
Mar. 31, 2015
Dec. 31, 2014
CURRENT ASSETS    
Cash and cash equivalents $ 155us-gaap_CashAndCashEquivalentsAtCarryingValue $ 128us-gaap_CashAndCashEquivalentsAtCarryingValue
Accounts receivable, less allowance of $163 and $162 1,973us-gaap_AccountsReceivableNetCurrent 1,988us-gaap_AccountsReceivableNetCurrent
Deferred income taxes, net 718us-gaap_DeferredTaxAssetsLiabilitiesNetCurrent 880us-gaap_DeferredTaxAssetsLiabilitiesNetCurrent
Other 622us-gaap_OtherAssetsCurrent 580us-gaap_OtherAssetsCurrent
Total current assets 3,468us-gaap_AssetsCurrent 3,576us-gaap_AssetsCurrent
NET PROPERTY, PLANT AND EQUIPMENT    
Property, plant and equipment 37,100us-gaap_PropertyPlantAndEquipmentGross 36,718us-gaap_PropertyPlantAndEquipmentGross
Accumulated depreciation (18,917)us-gaap_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment (18,285)us-gaap_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
Net property, plant and equipment 18,183us-gaap_PropertyPlantAndEquipmentNet 18,433us-gaap_PropertyPlantAndEquipmentNet
GOODWILL AND OTHER ASSETS    
Goodwill 20,753us-gaap_Goodwill 20,755us-gaap_Goodwill
Customer relationships, less accumulated amortization of $4,932 and $4,682 4,644ctl_CustomerRelationshipsFiniteLivedIntangibleAssetsNet 4,893ctl_CustomerRelationshipsFiniteLivedIntangibleAssetsNet
Other intangible assets, less accumulated amortization of $1,809 and $1,729 1,616us-gaap_OtherIntangibleAssetsNet 1,647us-gaap_OtherIntangibleAssetsNet
Other, net 856us-gaap_OtherAssetsNoncurrent 843us-gaap_OtherAssetsNoncurrent
Total goodwill and other assets 27,869ctl_IntangibleAssetsNetIncludingGoodwillAndOtherAssetsNoncurrent 28,138ctl_IntangibleAssetsNetIncludingGoodwillAndOtherAssetsNoncurrent
TOTAL ASSETS 49,520us-gaap_Assets 50,147us-gaap_Assets
CURRENT LIABILITIES    
Current maturities of long-term debt 202us-gaap_LongTermDebtAndCapitalLeaseObligationsCurrent 550us-gaap_LongTermDebtAndCapitalLeaseObligationsCurrent
Accounts payable 1,068us-gaap_AccountsPayableCurrent 1,226us-gaap_AccountsPayableCurrent
Accrued expenses and other liabilities    
Salaries and benefits 578us-gaap_EmployeeRelatedLiabilitiesCurrent 641us-gaap_EmployeeRelatedLiabilitiesCurrent
Income and other taxes 418us-gaap_TaxesPayableCurrent 309us-gaap_TaxesPayableCurrent
Interest 315us-gaap_InterestPayableCurrent 256us-gaap_InterestPayableCurrent
Other 259us-gaap_OtherLiabilitiesCurrent 210us-gaap_OtherLiabilitiesCurrent
Advance billings and customer deposits 739us-gaap_DeferredRevenueAndCreditsCurrent 726us-gaap_DeferredRevenueAndCreditsCurrent
Total current liabilities 3,579us-gaap_LiabilitiesCurrent 3,918us-gaap_LiabilitiesCurrent
LONG-TERM DEBT 20,254us-gaap_LongTermDebtAndCapitalLeaseObligations 20,121us-gaap_LongTermDebtAndCapitalLeaseObligations
DEFERRED CREDITS AND OTHER LIABILITIES    
Deferred income taxes, net 3,921us-gaap_DeferredTaxLiabilitiesNoncurrent 4,030us-gaap_DeferredTaxLiabilitiesNoncurrent
Benefit plan obligations, net 5,755us-gaap_PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent 5,808us-gaap_PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent
Other 1,246us-gaap_OtherLiabilitiesNoncurrent 1,247us-gaap_OtherLiabilitiesNoncurrent
Total deferred credits and other liabilities 10,922us-gaap_DeferredCreditsAndOtherLiabilitiesNoncurrent 11,085us-gaap_DeferredCreditsAndOtherLiabilitiesNoncurrent
COMMITMENTS AND CONTINGENCIES (Note 8)      
STOCKHOLDERS' EQUITY    
Preferred stock—non-redeemable, $25.00 par value, authorized 2,000 shares, issued and outstanding 7 and 7 shares 0us-gaap_PreferredStockValue 0us-gaap_PreferredStockValue
Common stock, $1.00 par value, authorized 1,600,000 and 1,600,000 shares, issued and outstanding 565,530 and 568,517 shares 566us-gaap_CommonStockValue 569us-gaap_CommonStockValue
Additional paid-in capital 16,059us-gaap_AdditionalPaidInCapital 16,324us-gaap_AdditionalPaidInCapital
Accumulated other comprehensive loss (2,001)us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax (2,017)us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax
Retained earnings 141us-gaap_RetainedEarningsAccumulatedDeficit 147us-gaap_RetainedEarningsAccumulatedDeficit
Total stockholders' equity 14,765us-gaap_StockholdersEquity 15,023us-gaap_StockholdersEquity
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 49,520us-gaap_LiabilitiesAndStockholdersEquity $ 50,147us-gaap_LiabilitiesAndStockholdersEquity