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CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Millions
Jun. 30, 2023
Dec. 31, 2022
CURRENT ASSETS    
Cash and cash equivalents $ 5 $ 8
Accounts receivable, less allowance of $35 and $36 351 309
Other 157 120
Total current assets 1,819 1,013
Property, plant and equipment, net of accumulated depreciation of $7,947 and $7,617 8,449 8,273
GOODWILL AND OTHER ASSETS    
Goodwill 9,360 9,360
Other intangible assets, net 120 138
Other, net 157 141
Total goodwill and other assets 9,637 9,639
TOTAL ASSETS 19,905 18,925
CURRENT LIABILITIES    
Current maturities of long-term debt 1 2
Accounts payable 356 213
Accrued expenses and other liabilities    
Salaries and benefits 102 127
Income and other taxes 92 89
Other 129 130
Current portion of deferred revenue 176 167
Total current liabilities 856 728
LONG-TERM DEBT 2,156 2,155
DEFERRED CREDITS AND OTHER LIABILITIES    
Deferred income taxes, net 1,265 1,282
Other 700 654
Total deferred credits and other liabilities 2,487 2,488
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 4,356 3,504
Total stockholder's equity 14,406 13,554
TOTAL LIABILITIES AND STOCKHOLDER'S EQUITY 19,905 18,925
Related Party    
CURRENT ASSETS    
Advances to affiliates 1,306 576
DEFERRED CREDITS AND OTHER LIABILITIES    
Affiliate obligations, net $ 522 $ 552