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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Mar. 31, 2020
Dec. 31, 2019
CURRENT ASSETS    
Cash and cash equivalents $ 8 $ 2
Accounts receivable, less allowance of $37 and $39 470 514
Advances to affiliates 695 1,842
Other 151 128
Total current assets 1,324 2,486
Property, plant and equipment, net of accumulated depreciation of $7,900 and $7,746 8,211 8,170
GOODWILL AND OTHER ASSETS    
Goodwill 9,360 9,360
Operating lease assets 102 105
Customer relationships, net 369 468
Other intangible assets, net 313 311
Other, net 94 99
Total goodwill and other assets 10,238 10,343
TOTAL ASSETS 19,773 20,999
CURRENT LIABILITIES    
Current maturities of long-term debt 3 1,105
Accounts payable 347 403
Note payable - affiliate 1,100 1,069
Accrued expenses and other liabilities    
Salaries and benefits 178 276
Income and other taxes 157 94
Interest 49 55
Other 100 134
Current affiliate obligations, net 72 72
Current portion of deferred revenue 200 201
Total current liabilities 2,206 3,409
LONG-TERM DEBT 4,851 4,846
DEFERRED CREDITS AND OTHER LIABILITIES    
Deferred revenue 110 108
Deferred income taxes, net 1,195 1,198
Noncurrent operating lease liabilities 84 89
Affiliate obligations, net 691 717
Other 518 515
Total deferred credits and other liabilities 2,598 2,627
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 68 67
Total stockholder's equity 10,118 10,117
TOTAL LIABILITIES AND STOCKHOLDER'S EQUITY $ 19,773 $ 20,999