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Long-Term Debt and Note Payable - Affiliate (Tables)
9 Months Ended
Sep. 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)
Maturities (1)
September 30, 2020December 31, 2019
   (Dollars in millions)
Senior notes
6.125% - 7.750%
2021 - 2057$4,105 5,956 
Term loan (2)
LIBOR + 2.00%
2025100 100 
Finance lease and other obligationsVariousVarious10 
Unamortized premiums, net  — 
Unamortized debt issuance costs(88)(115)
Total long-term debt  4,127 5,951 
Less current maturities  (1)(1,105)
Long-term debt, excluding current maturities  $4,126 4,846 
Note payable - affiliate4.974%2022$1,130 1,069 
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(1)As of September 30, 2020.
(2)Qwest Corporation's Term Loan had an interest rate of 2.150% as of September 30, 2020 and 3.800% as of December 31, 2019.
Schedule of maturities of long-term debt
Set forth below is the aggregate principal amount of our long-term debt as of September 30, 2020 (excluding unamortized premiums and discounts and unamortized debt issuance costs and excluding note payable-affiliate) maturing during the following years:
(Dollars in millions)
2020 (remaining three months)$— 
2021951 
2022
2023
2024
2025 and thereafter3,256 
Total long-term debt$4,210