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Long-Term Debt (Tables)
 3 Months Ended
Mar. 31, 2022
Debt Disclosure [Abstract]  
Schedule of long-term debt
The following chart reflects our consolidated long-term debt, including finance leases and other obligations, unamortized discounts and premiums, net and unamortized debt issuance costs, but excluding intercompany debt:
Interest Rates (1)
Maturities (1)
March 31, 2022December 31, 2021
(Dollars in millions)
Level 3 Financing, Inc.
Senior Secured Debt: (2)
Senior notes
3.400% - 3.875%
2027 - 2029
$1,500 1,500 
Tranche B 2027 Term Loan (3)
LIBOR + 1.75%
2027
3,111 3,111 
Senior Notes and other debt:
Senior notes (4)
3.625% - 5.375%
2025 - 2029
5,515 5,515 
Finance leases and other obligationsVariousVarious316 319 
Unamortized premiums, net32 34 
Unamortized debt issuance costs(55)(57)
Total long-term debt10,419 10,422 
Less current maturities(29)(26)
Long-term debt, excluding current maturities$10,390 10,396 
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(1)As of March 31, 2022.
(2)See Note 7—Long-Term Debt in our Annual Report on Form 10-K for the year ended December 31, 2021 for a description of certain parent or subsidiary guarantees and liens securing this debt.
(3)The Tranche B 2027 Term Loan had an interest rate of 2.207% and 1.854% as of March 31, 2022 and December 31, 2021, respectively.
(4)This debt is fully and unconditionally guaranteed by certain affiliates of Level 3 Financing, Inc., including Level 3 Parent, LLC and Level 3 Communications, LLC.
Schedule of aggregate future contractual maturities of long-term debt and capital leases (excluding discounts) Set forth below is the aggregate principal amount of our long-term debt as of March 31, 2022 (excluding unamortized premiums, net, unamortized debt issuance costs, and intercompany debt), maturing during the following years:
(Dollars in millions)
2022 (remaining nine months)$23 
202327 
202432 
2025838 
2026811 
2027 and thereafter8,711 
Total long-term debt$10,442