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Long-Term Debt and Credit Facilities (Tables)
6 Months Ended
Jun. 30, 2021
Debt Disclosure [Abstract]  
Schedule of Long-term Debt Including Unamortized Discounts and Premiums
The following chart reflects the consolidated long-term debt of Lumen Technologies, Inc. and its subsidiaries, including unamortized discounts and premiums, net and unamortized debt issuance costs, but excluding intercompany debt:
Interest Rates(1)
Maturities(1)
June 30, 2021December 31, 2020
   (Dollars in millions)
Senior Secured Debt: (2)
Lumen Technologies, Inc.
Revolving Credit Facility (7)
LIBOR + 2.00%
2025$— 150 
Term Loan A (3) (7)
LIBOR + 2.00%
20251,079 1,108 
Term Loan A-1 (3) (7)
LIBOR + 2.00%
2025308 316 
Term Loan B (4) (7)
LIBOR + 2.25%
20274,925 4,950 
Senior notes4.000%20271,250 1,250 
Subsidiaries:
Level 3 Financing, Inc.
Tranche B 2027 Term Loan (5) (7)
LIBOR + 1.75%
20273,111 3,111 
Senior notes
3.400% - 3.875%
2027 - 2029
1,500 1,500 
Embarq Corporation subsidiaries
First mortgage bonds
7.125% - 8.375%
2023 - 2025
138 138 
Senior Notes and Other Debt:    
Lumen Technologies, Inc.
Senior notes
4.500% - 7.650%
2022 - 2042
8,414 8,645 
Subsidiaries:
Level 3 Financing, Inc.
Senior notes
3.625% - 5.375%
2025 - 2029
5,515 5,515 
Qwest Corporation
Senior notes
6.500% - 7.750%
2021 - 2057
2,935 3,170 
Term Loan (6) (7)
LIBOR + 2.00%
2027215 215 
Qwest Capital Funding, Inc.
Senior notes
6.875% - 7.750%
2021 - 2031
352 352 
Embarq Corporation and subsidiary
Senior note7.995%20361,437 1,437 
Finance lease and other obligationsVariousVarious321 295 
Unamortized discounts, net  (96)(78)
Unamortized debt issuance costs(235)(237)
Total long-term debt  31,169 31,837 
Less current maturities   (2,595)(2,427)
Long-term debt, excluding current maturities  $28,574 29,410 
______________________________________________________________________ 
(1)As of June 30, 2021.
(2)See Note 6—Long-Term Debt and Credit Facilities in our Annual Report on Form 10-K for the year ended December 31, 2020 for a description of certain parent or subsidiary guarantees and liens securing this debt.
(3)Term Loans A and A-1 had interest rates of 2.104% and 2.147% as of June 30, 2021 and December 31, 2020, respectively.
(4)Term Loan B had interest rates of 2.354% and 2.397% as of June 30, 2021 and December 31, 2020, respectively.
(5)The Tranche B 2027 Term Loan had interest rates of 1.854% and 1.897% as of June 30, 2021 and December 31, 2020, respectively.
(6)Qwest Corporation Term Loan had interest rates of 2.110% and 2.150% as of June 30, 2021 and December 31, 2020, respectively.
(7)See Note 1— Background for our considerations of the impact of Reference Rate Reform on our debt subject to rate reference changes from LIBOR.
Schedule of Maturities of Long-term Debt
Set forth below is the aggregate principal amount of our long-term debt as of June 30, 2021 (excluding unamortized discounts, net, and unamortized debt issuance costs), maturing during the following years:

 (Dollars in millions)
2021 (remaining six months)$1,127 
20221,542 
2023966 
20241,143 
20252,908 
2026 and thereafter23,814 
Total long-term debt$31,500