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Exhibit 12

CENTURYLINK, INC.

CALCULATION OF RATIO OF EARNINGS TO FIXED CHARGES
(UNAUDITED)

	Years Ended December 31,
	2011			2010			2009			2008			2007
	(Dollars in millions)
Income before income tax expense	$	948			1,531			813			561			620
Less: Income from equity investee		(13	)		(16	)		(19	)		(13	)		(16	)
Add: estimated fixed charges		1,223			615			418			229			245
Add: estimated amortization of capitalized interest		12			2			2			1			2
Add: distributed income of equity investee		14			16			20			16			10
Less: interest capitalized		(25	)		(13	)		(3	)		(2	)		(2	)
Total earnings available for fixed charges	$	2,159			2,135			1,231			792			859
Estimate of interest factor on rentals		126			57			48			27			31
Interest expense, including amortization of premiums, discounts and debt issuance costs		1,072			545			367			200			212
Interest capitalized		25			13			3			2			2
Total fixed charges	$	1,223			615			418			229			245
Ratio of earnings to fixed charges		1.77			3.47			2.94			3.46			3.51

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Exhibit 12

CENTURYLINK, INC. CALCULATION OF RATIO OF EARNINGS TO FIXED CHARGES (UNAUDITED)