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Long-Term Debt and Note Payable - Affiliate (Tables)
6 Months Ended
Jun. 30, 2020
Debt Disclosure [Abstract]  
Schedule of long-term debt
The following chart reflects (i) the consolidated long-term debt of Qwest Corporation and its subsidiaries, including finance lease and other obligations, unamortized premiums, net, unamortized debt issuance costs and (ii) note payable - affiliate:
Interest Rates (1)
MaturitiesJune 30, 2020December 31, 2019
   (Dollars in millions)
Senior notes
6.125% - 7.750%
2021 - 2057$4,656  5,956  
Term loan (2)
LIBOR + 2.00%
2025100  100  
Finance lease and other obligationsVariousVarious 10  
Unamortized premiums, net   —  
Unamortized debt issuance costs(107) (115) 
Total long-term debt  4,660  5,951  
Less current maturities  (302) (1,105) 
Long-term debt, excluding current maturities  $4,358  4,846  
Note payable - affiliate5.561%2022$1,100  1,069  
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(1)As of June 30, 2020.
(2)Qwest Corporation's Term Loan had an interest rate of 2.180% as of June 30, 2020 and 3.800% as of December 31, 2019.
Schedule of maturities of long-term debt
Set forth below is the aggregate principal amount of our long-term debt as of June 30, 2020 (excluding unamortized premiums and discounts and unamortized debt issuance costs and excluding note payable-affiliate) maturing during the following years:
(Dollars in millions)
2020 (remaining six months)$301  
2021951  
2022 
2023 
2024 
2025 and thereafter3,508  
Total long-term debt$4,763