Long-Term Debt and Credit Facilities (Tables)

9 Months Ended

Sep. 30, 2015

Debt Disclosure [Abstract]

Schedule of long-term debt including unamortized discounts and premiums

Long-term debt, including unamortized discounts and premiums, consisted of borrowings by CenturyLink, Inc. and certain of its subsidiaries, including Qwest Corporation ("QC"), Qwest Capital Funding, Inc. and Embarq Corporation and subsidiaries ("Embarq") and is summarized as follows:

	Interest Rates	Maturities	As of September 30, 2015			As of December 31, 2014
			(Dollars in millions)
CenturyLink, Inc.
Senior notes	5.150% - 7.650%	2017 - 2042	$	7,975		7,825
Credit facility and revolving line of credit(1)	—%	2019	—			725
Term loan	1.950%	2019	363			380
Subsidiaries
Qwest Corporation
Senior notes	6.125% - 8.375%	2016 - 2055	7,629			7,311
Term loan	1.950%	2025	100			—
Qwest Capital Funding, Inc.
Senior notes	6.500% - 7.750%	2018 - 2031	981			981
Embarq Corporation and subsidiaries
Senior notes	7.082% - 7.995%	2016 - 2036	2,669			2,669
First mortgage bonds	7.125% - 8.770%	2017 - 2025	232			232
Other	9.000%	2019	150			150
Capital lease and other obligations	Various	Various	436			509
Unamortized discounts, net			(121		)	(111	)
Total long-term debt			20,414			20,671
Less current maturities			(1,910		)	(550	)
Long-term debt, excluding current maturities			$	18,504		20,121

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⁽¹⁾  The total outstanding amount of our credit facility ("Credit Facility") and revolving line of credit borrowings at December 31, 2014, was $725 million with a weighted average interest rate of 2.270%. At September 30, 2015, we had no borrowing outstanding under our Credit Facility and revolving line of credit. These amounts change on a regular basis.