Long-Term Debt and Credit Facilities (Tables)

9 Months Ended

Sep. 30, 2012

Long-Term Debt and Credit Facilities

Schedule of long-term debt including unamortized discounts and premiums

	Interest Rates	Maturities	September 30, 2012		December 31, 2011
			(Dollars in millions)
CenturyLink, Inc.
Senior notes	5.000% – 7.650%	2013 – 2042	$	6,250		4,518
Credit facility(1)	1.970% – 4.000%	2017		280		277
Term loan	2.22%	2019		429		—
Subsidiaries
Qwest
Senior notes(2)	3.639% – 8.375%	2013 – 2052		9,718		11,460
Embarq Corporation
Senior notes	7.082% – 7.995%	2016 – 2036		2,669		4,013
First mortgage bonds	6.875% – 8.770%	2013 – 2025		322		322
Other	6.750% – 9.000%	2013 – 2019		200		200
Other subsidiary notes
First mortgage notes				—		65
Capital lease and other obligations	Various	Various		767		712
Unamortized premiums and other, net				71		269
Total long-term debt				20,706		21,836
Less current maturities				(1,198)		(480)
Long-term debt, excluding current maturities			$	19,508		21,356

(1)

The information presented here illustrates the interest rates and maturity on our credit facility as amended on April 6, 2012. The outstanding amount of our Credit Facility borrowings at September 30, 2012 was $280 million with a weighted average interest rate of 2.369%.

(2)

The $750 million of Qwest Corporation Notes due 2013 are floating rate notes, with rates that reset every three months. As of the most recent measurement date of September 17, 2012, the rate for these notes was 3.639%.