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Long-Term Debt (Tables)
 3 Months Ended
Mar. 31, 2023
Debt Disclosure [Abstract]  
Schedule of long-term debt
The following table 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, 2023December 31, 2022
(Dollars in millions)
Level 3 Financing, Inc.
Senior Secured Debt: (2)
Senior notes
3.400% - 10.500%
2027 - 2030
$2,415 1,500 
Tranche B 2027 Term Loan (3)
LIBOR + 1.75%
2027
2,411 2,411 
Senior Notes and other debt:
Senior notes (4)
3.625% - 4.625%
2027 - 2029
3,940 3,940 
Finance leases and other obligationsVariousVarious278 291 
Unamortized premiums, net3 3 
Unamortized debt issuance costs(58)(49)
Total long-term debt8,989 8,096 
Less current maturities(26)(26)
Long-term debt, excluding current maturities$8,963 8,070 
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(1)As of March 31, 2023.
(2)See Note 7—Long-Term Debt in our Annual Report on Form 10-K for the year ended December 31, 2022 for a description of certain affiliate guarantees and liens securing this debt.
(3)The Tranche B 2027 Term Loan had an interest rate of 6.672% and 6.134% as of March 31, 2023 and December 31, 2022, respectively.
(4)See Note 7—Long-Term Debt in our Annual Report on Form 10-K for the year ended December 31, 2022 for a description of guarantees provided by certain affiliates of Level 3 Financing, Inc.
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, 2023 (excluding unamortized premiums, net, unamortized debt issuance costs, and intercompany debt), maturing during the following years:
(Dollars in millions)
2023 (remaining nine months)$19 
202430 
202537 
202635 
20274,180 
2028 and thereafter4,743 
Total long-term debt$9,044