XML 50 R3.htm IDEA: XBRL DOCUMENT v3.19.3
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Sep. 30, 2019
Dec. 31, 2018
CURRENT ASSETS    
Cash and cash equivalents $ 3 $ 5
Accounts receivable, less allowance of $41 and $41 505 546
Advances to affiliates 1,604 1,148
Other 141 147
Total current assets 2,253 1,846
Property, plant and equipment, net of accumulated depreciation of $7,530 and $6,951 8,103 8,077
GOODWILL AND OTHER ASSETS    
Goodwill 9,360 9,360
Operating lease assets 117 0
Customer relationships, net 570 893
Other intangible assets, net 329 311
Other, net 98 96
Total goodwill and other assets 10,474 10,660
TOTAL ASSETS 20,830 20,583
CURRENT LIABILITIES    
Current maturities of long-term debt 7 11
Accounts payable 412 441
Note payable - affiliate 1,069 1,008
Accrued expenses and other liabilities    
Salaries and benefits 167 251
Income and other taxes 153 140
Interest 58 55
Other 84 75
Current affiliate obligations, net 73 79
Current portion of deferred revenue 205 212
Total current liabilities 2,228 2,272
LONG-TERM DEBT 5,946 5,948
DEFERRED CREDITS AND OTHER LIABILITIES    
Deferred revenue 99 91
Deferred income taxes, net 1,001 1,098
Noncurrent operating lease liabilities 90 0
Affiliate obligations, net 698 759
Other 559 547
Total deferred credits and other liabilities 2,447 2,495
COMMITMENTS AND CONTINGENCIES (Note 8)
STOCKHOLDER'S EQUITY    
Common stock - one share without par value, owned by Qwest Services Corporation 10,050 10,050
Retained earnings (accumulated deficit) 159 (182)
Total stockholder's equity 10,209 9,868
TOTAL LIABILITIES AND STOCKHOLDER'S EQUITY $ 20,830 $ 20,583