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Long-Term Debt and Credit Facilities (Tables)
 9 Months Ended
Sep. 30, 2022
Debt Disclosure [Abstract]  
Schedule of Long-term Debt Including Unamortized Discounts and Premiums
The following table reflects the consolidated long-term debt of Lumen Technologies, Inc. and its subsidiaries as of the dates indicated below, including unamortized discounts and premiums unamortized debt issuance costs:

Interest Rates(1)
Maturities(1)
September 30, 2022December 31, 2021
   (Dollars in millions)
Senior Secured Debt: (2)
Lumen Technologies, Inc.
Revolving Credit Facility(3)
LIBOR + 2.00%
2025$280 200 
Term Loan A(4)
LIBOR + 2.00%
20251,006 1,050 
Term Loan A-1(4)
LIBOR + 2.00%
2025287 300 
Term Loan B(5)
LIBOR + 2.25%
20274,863 4,900 
Senior notes4.000%20271,250 1,250 
Subsidiaries:
Level 3 Financing, Inc.
Tranche B 2027 Term Loan(6)
LIBOR + 1.75%
20272,411 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
137 138 
Senior Notes and Other Debt:(7)
    
Lumen Technologies, Inc.
Senior notes
4.500% - 7.650%
2023 - 2042
6,985 8,414 
Subsidiaries:
Level 3 Financing, Inc.
Senior notes
3.625% - 4.625%
2027 - 2029
3,940 5,515 
Qwest Corporation
Senior notes
6.500% - 7.750%
2025 - 2057
1,986 1,986 
Term loan(8)
LIBOR + 2.00%
2027215 215 
Qwest Capital Funding, Inc.
Senior notes
6.875% - 7.750%
2028 - 2031
255 255 
Finance lease and other obligationsVariousVarious324 347 
Unamortized (discounts) premiums, net  (8)21 
Unamortized debt issuance costs(193)(220)
Total long-term debt  25,238 28,982 
Less current maturities   (3,474)(1,554)
Long-term debt, excluding current maturities  $21,764 27,428 
______________________________________________________________________ 
(1)As of September 30, 2022.
(2)See Note 7—Long-Term Debt and Credit Facilities in our Annual Report on Form 10-K for the year ended December 31, 2021 for a description of certain parent or subsidiary guarantees and liens securing this debt.
(3)The Revolving Credit Facility had interest rates of 5.080% and 2.103% as of September 30, 2022 and December 31, 2021, respectively.
(4)Term Loans A and A-1 had interest rates of 5.115% and 2.104% as of September 30, 2022 and December 31, 2021, respectively.
(5)Term Loan B had interest rates of 5.365% and 2.354% as of September 30, 2022 and December 31, 2021, respectively.
(6)The Level 3 Tranche B 2027 Term Loan had interest rates of 4.865% and 1.854% as of September 30, 2022 and December 31, 2021, respectively.
(7)The table excludes $1.4 billion of indebtedness under Embarq Corporation's 7.995% senior notes maturing in 2036 that was classified as held for sale as of September 30, 2022 and December 31, 2021, and was assumed by the third-party purchaser as of October 3, 2022 concurrent with the sale of the ILEC business. See Note 2—Recently Completed Divestitures of the Latin American and ILEC Businesses and Note 17—Subsequent Events.
(8)The Qwest Corporation Term Loan had interest rates of 5.120% and 2.110% as of September 30, 2022 and December 31, 2021, respectively.
Schedule of Maturities of Long-term Debt
Set forth below is the aggregate principal amount of our long-term debt as of September 30, 2022 (excluding unamortized (discounts) premiums, net, and unamortized debt issuance costs), maturing during the following years.:

 
(Dollars in millions)(1)
2022 (remaining three months)(2)
$1,908 
2023153 
2024158 
20252,343 
20261,276 
2027 and thereafter19,601 
Total long-term debt$25,439 
______________________________________________________________________ 
(1)These amounts exclude $1.5 billion of debt and finance lease obligations related to the ILEC business that were classified as held for sale as of September 30, 2022. See Note 2—Recently Completed Divestitures of the Latin American and ILEC Businesses for more information.
(2)These amounts include $1.9 billion aggregate principal senior notes for which we issued redemption notices on September 26, 2022. See Note 17—Subsequent Events for information on additional debt repayments made since September 30, 2022 and the classification of the related aggregate principal as current maturities of long-term debt on our consolidated balance sheets as of September 30, 2022.
Schedule of Debt Repayments
During the nine months ended September 30, 2022, Lumen borrowed $2.4 billion from, and made repayments of $2.3 billion to, its Revolving Credit Facility. We used our net revolving credit draws and available cash to repay the following aggregate principal amount of indebtedness through a combination of tender offers, redemptions, prepayments and payments at maturity. These transactions resulted in a net gain of $9 million.

DebtPeriod of Repayment(Dollars in millions)
Lumen Technologies, Inc.
5.800% Senior Notes due 2022 (at Maturity)
Q1 2022$1,400 
Level 3 Financing, Inc.
Tranche B 2027 Term LoanQ3 2022700 
5.375% Senior Notes due 2025
Q3 2022800 
5.250% Senior Notes due 2026
Q3 2022775 
OtherQ3 202230 
Total Debt Repayments$3,705 
Since September 30, 2022, Lumen and its subsidiaries have used available cash to repay the following aggregate principal amount of indebtedness through a combination of tender offers and redemptions:

Debt(Dollars in millions)
Lumen Technologies, Inc.
6.750% Senior Notes, Series W, due 2023
$750 
7.500% Senior Notes, Series Y, due 2024
982 
5.625% Senior Notes, Series X, due 2025
270 
7.200% Senior Notes, Series D, due 2025
34 
5.125% Senior Notes due 2026
484 
6.875% Debentures, Series G, due 2028
126 
5.375% Senior Notes due 2029
490 
Embarq Corporation Subsidiaries
First Mortgage Bonds25 
Qwest Capital Funding, Inc.
Senior Notes63 
Total Debt Repayments$3,224