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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
OPERATING ACTIVITIES      
Net income $ 1,389 $ 626 $ 878
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 3,936 3,916 4,189
Impairment of assets 0 13 9
Deferred income taxes (931) 6 350
Loss on the sale of data centers and colocation business 82 0 0
Provision for uncollectible accounts 176 192 177
Net long-term debt issuance costs and premium amortization 9 2 (3)
Net loss on early retirement of debt 5 27 0
Share-based compensation 111 80 73
Changes in current assets and liabilities:      
Accounts receivable 31 (266) (132)
Accounts payable (123) 109 (168)
Accrued income and other taxes 54 (43) 32
Other current assets and liabilities, net (614) 92 (53)
Retirement benefits (202) (152) (141)
Changes in other noncurrent assets and liabilities, net (174) (18) (77)
Other, net 129 24 19
Net cash provided by operating activities 3,878 4,608 5,153
INVESTING ACTIVITIES      
Payments for property, plant and equipment and capitalized software (3,106) (2,981) (2,872)
Cash paid for Level 3 acquisition, net of $2.3 billion cash acquired (7,289) 0 0
Cash paid for other acquisitions (5) (39) (4)
Proceeds from sale of property and intangible assets 1,529 30 31
Other, net 0 (4) (8)
Net cash used in investing activities (8,871) (2,994) (2,853)
FINANCING ACTIVITIES      
Net proceeds from issuance of long-term debt 8,398 2,161 989
Proceeds from financing obligation (Note 3) 356 0 0
Payments of long-term debt (1,963) (2,462) (966)
Net proceeds from credit facility and revolving line of credit 35    
Net payments on credit facility and revolving line of credit   (40) (315)
Dividends paid (1,453) (1,167) (1,198)
Repurchase of common stock and shares withheld to satisfy tax withholdings (17) (16) (819)
Other, net 2 6 8
Net cash provided by (used in) financing activities 5,358 (1,518) (2,301)
Effect of exchange rate changes on cash and cash equivalents (2) 0 0
Net increase (decrease) in cash, cash equivalents and restricted cash 363 96 (1)
Cash, cash equivalents and restricted cash at beginning of period 224 128 129
Cash, cash equivalents and restricted cash at end of period 587 224 128
Supplemental cash flow information:      
Income taxes paid, net (392) (397) (63)
Interest paid (net of capitalized interest of $78, $54 and $52) $ (1,401) $ (1,301) $ (1,310)