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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Dec. 31, 2024
Dec. 31, 2023
CURRENT ASSETS    
Cash and cash equivalents $ 26 $ 10
Accounts receivable, less allowance of $29 and $34 227 261
Other 152 144
Total current assets 1,307 415
Property, plant and equipment, net of accumulated depreciation of $8,910 and $8,239 8,865 8,700
GOODWILL AND OTHER ASSETS    
Goodwill 6,955 6,955
Other intangible assets, net 84 103
Other, net 151 164
Total goodwill and other assets 7,190 7,222
TOTAL ASSETS 17,362 16,337
CURRENT LIABILITIES    
Current maturities of long-term debt 239 1
Accounts payable 221 362
Accrued expenses and other liabilities    
Salaries and benefits 130 130
Income and other taxes 106 96
Other 117 121
Current portion of deferred revenue 153 162
Total current liabilities 966 933
LONG-TERM DEBT 1,688 2,156
DEFERRED CREDITS AND OTHER LIABILITIES    
Deferred income taxes, net 1,336 1,318
Other 685 679
Total deferred credits and other liabilities 2,465 2,492
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 2,193 706
Total stockholder's equity 12,243 10,756
TOTAL LIABILITIES AND STOCKHOLDER'S EQUITY 17,362 16,337
Affiliated Entity    
CURRENT ASSETS    
Advances to affiliates 902 0
CURRENT LIABILITIES    
Advances from affiliates 0 61
DEFERRED CREDITS AND OTHER LIABILITIES    
Affiliate obligations, net $ 444 $ 495