XML 15 R4.htm IDEA: XBRL DOCUMENT v3.22.4
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Dec. 31, 2022
Dec. 31, 2021
CURRENT ASSETS    
Cash and cash equivalents $ 8 $ 2
Accounts receivable, less allowance of $36 and $38 309 301
Advances to affiliates 576 0
Other 120 187
Total current assets 1,013 490
Property, plant and equipment, net of accumulated depreciation of $7,617 and $6,879 8,273 8,180
GOODWILL AND OTHER ASSETS    
Goodwill 9,360 9,360
Other intangible assets, net 138 199
Other, net 141 141
Total goodwill and other assets 9,639 9,700
TOTAL ASSETS 18,925 18,370
CURRENT LIABILITIES    
Current maturities of long-term debt 2 0
Accounts payable 213 206
Advances from affiliates 0 55
Note payable - affiliate 0 1,187
Accrued expenses and other liabilities    
Salaries and benefits 127 138
Income and other taxes 89 94
Other 130 182
Current portion of deferred revenue 167 174
Total current liabilities 728 2,036
LONG-TERM DEBT 2,155 2,156
DEFERRED CREDITS AND OTHER LIABILITIES    
Deferred income taxes, net 1,282 1,276
Affiliate obligations, net 552 597
Other 654 670
Total deferred credits and other liabilities 2,488 2,543
COMMITMENTS AND CONTINGENCIES (Note 14)
STOCKHOLDER'S EQUITY    
Common stock - one share without par value, owned by Qwest Services Corporation 10,050 10,050
Retained earnings 3,504 1,585
Total stockholder's equity 13,554 11,635
TOTAL LIABILITIES AND STOCKHOLDER'S EQUITY $ 18,925 $ 18,370