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CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Millions
Sep. 30, 2024
Dec. 31, 2023
CURRENT ASSETS    
Cash and cash equivalents $ 22 $ 10
Accounts receivable, less allowance of $31 and $34 217 261
Advances to affiliates 576 0
Other 133 144
Total current assets 948 415
Property, plant and equipment, net of accumulated depreciation of $8,748 and $8,239 8,829 8,700
GOODWILL AND OTHER ASSETS    
Goodwill 6,955 6,955
Other intangible assets, net 92 103
Other, net 164 164
Total goodwill and other assets 7,211 7,222
TOTAL ASSETS 16,988 16,337
CURRENT LIABILITIES    
Current maturities of long-term debt 241 1
Accounts payable 239 362
Advances from affiliates 0 61
Accrued expenses and other liabilities    
Salaries and benefits 131 130
Income and other taxes 108 96
Other 121 121
Current portion of deferred revenue 147 162
Total current liabilities 987 933
LONG-TERM DEBT 1,689 2,156
DEFERRED CREDITS AND OTHER LIABILITIES    
Deferred income taxes, net 1,295 1,318
Other 711 679
Total deferred credits and other liabilities 2,460 2,492
COMMITMENTS AND CONTINGENCIES (Note 9)
STOCKHOLDER'S EQUITY    
Common stock - one share without par value, owned by Qwest Services Corporation 10,050 10,050
Retained earnings 1,802 706
Total stockholder's equity 11,852 10,756
TOTAL LIABILITIES AND STOCKHOLDER'S EQUITY 16,988 16,337
Affiliated entity    
DEFERRED CREDITS AND OTHER LIABILITIES    
Affiliate obligations, net $ 454 $ 495