Long-Term Debt and Credit Facilities (Tables)

3 Months Ended

Mar. 31, 2019

Debt Disclosure [Abstract]

Schedule of long-term debt including unamortized discounts and premiums

The following chart reflects the consolidated long-term debt of CenturyLink, Inc. and its subsidiaries, including unamortized discounts and premiums and unamortized debt issuance costs, but excluding intercompany debt:

	Interest Rates(1)	Maturities	March 31, 2019			December 31, 2018
			(Dollars in millions)
Senior Secured Debt: (2)
CenturyLink, Inc.
2017 Revolving Credit Facility	5.234% - 5.237%	2022	$	695		550
Term Loan A (3)	LIBOR + 2.75%	2022	1,600			1,622
Term Loan A-1 (3)	LIBOR + 2.75%	2022	347			351
Term Loan B (3)	LIBOR + 2.75%	2025	5,925			5,940
Subsidiaries:
Level 3 Financing, Inc.
Tranche B 2024 Term Loan (4)	LIBOR + 2.25%	2024	4,611			4,611
Embarq Corporation subsidiaries
First mortgage bonds	7.125% - 8.375%	2023 - 2025	138			138
Senior Notes and Other Debt:
CenturyLink, Inc.
Senior notes	5.625% - 7.650%	2019 - 2042	8,010			8,036
Subsidiaries:
Level 3 Financing, Inc.
Senior notes	5.125% - 6.125%	2021 - 2026	5,315			5,315
Level 3 Parent, LLC
Senior notes	5.750%	2022	600			600
Qwest Corporation
Senior notes	6.125% - 7.750%	2021 - 2057	5,956			5,956
Term loan	4.500%	2025	100			100
Qwest Capital Funding, Inc.
Senior notes	6.875% - 7.750%	2021 - 2031	637			697
Embarq Corporation and subsidiary
Senior note	7.995%	2036	1,460			1,485
Other	9.000%	2019	150			150
Finance lease and other obligations	Various	Various	231			801
Unamortized discounts and other, net			(11		)	(8	)
Unamortized debt issuance costs			(274		)	(283	)
Total long-term debt			35,490			36,061
Less current maturities			(632		)	(652	)
Long-term debt, excluding current maturities			$	34,858		35,409

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(1) As ofMarch 31, 2019.

(2) For information on certain parent or subsidiary guarantees and liens securing this debt, see "Other" below.

(3) Term Loans A, A-1 and B have interest rates of 5.249% and 5.272% as of March 31, 2019 and December 31, 2018, respectively.

(4) The Tranche B 2024 Term Loan had an interest rate of 4.736% as of March 31, 2019 and 4.754% as of December 31, 2018.

Schedule of maturities of long-term debt

Set forth below is the aggregate principal amount of our long-term debt (excluding unamortized discounts, net and unamortized debt issuance costs) maturing during the following years:

	(Dollars in millions)(1)
2019 (remaining nine months)	$	556
2020	1,189
2021	3,115
2022	5,428
2023	2,095
2024 and thereafter	23,392
Total long-term debt	$	35,775

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(1) Actual principal paid in any year may differ due to the possible future refinancing of outstanding debt or the issuance of new debt. The projected amounts in the table also exclude any impacts from any further acquisitions.