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Long-Term Debt and Credit Facilities (Tables) | 3 Months Ended
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Mar. 31, 2021
Debt Disclosure [Abstract] |
Schedule of Long-term Debt Including Unamortized Discounts and Premiums | The following chart reflects the consolidated long-term debt of Lumen Technologies and its subsidiaries, including unamortized discounts and premiums, net and unamortized debt issuance costs, but excluding intercompany debt:
| Interest Rates(1) |  | Maturities(1) |  | March 31, 2021 |  | December 31, 2020
|  |  |  |  | (Dollars in millions)
Senior Secured Debt: (2) |  |  |  |  |  |  |
Lumen Technologies, Inc. |  |  |  |  |  |  |
Revolving Credit Facility | LIBOR + 2.00% |  | 2025 |  | $ | — |  |  | 150 |
Term Loan A (3) | LIBOR + 2.00% |  | 2025 |  | 1,094 |  |  | 1,108 |
Term Loan A-1 (3) | LIBOR + 2.00% |  | 2025 |  | 312 |  |  | 316 |
Term Loan B (4) | LIBOR + 2.25% |  | 2027 |  | 4,938 |  |  | 4,950 |
Senior notes | 4.000% |  | 2027 |  | 1,250 |  |  | 1,250 |
Subsidiaries: |  |  |  |  |  |  |
Level 3 Financing, Inc. |  |  |  |  |  |  |
Tranche B 2027 Term Loan (5) | LIBOR + 1.75% |  | 2027 |  | 3,111 |  |  | 3,111 |
Senior notes | 3.400% - 3.875% |  | 2027 - 2029 |  | 1,500 |  |  | 1,500 |
Embarq Corporation subsidiaries |  |  |  |  |  |  |
First mortgage bonds | 7.125% - 8.375% |  | 2023 - 2025 |  | 138 |  |  | 138 |
Senior Notes and Other Debt: |  |  |  |  |  |  |
Lumen Technologies, Inc. |  |  |  |  |  |  |
Senior notes | 4.500% - 7.650% |  | 2021 - 2042 |  | 8,645 |  |  | 8,645 |
Subsidiaries: |  |  |  |  |  |  |
Level 3 Financing, Inc. |  |  |  |  |  |  |
Senior notes | 3.625% - 5.375% |  | 2025 - 2029 |  | 5,515 |  |  | 5,515 |
Qwest Corporation |  |  |  |  |  |  |
Senior notes | 6.500% - 7.750% |  | 2021 - 2057 |  | 2,935 |  |  | 3,170 |
Term Loan (6) | LIBOR + 2.00% |  | 2027 |  | 215 |  |  | 215 |
Qwest Capital Funding, Inc. |  |  |  |  |  |  |
Senior notes | 6.875% - 7.750% |  | 2021 - 2031 |  | 352 |  |  | 352 |
Embarq Corporation and subsidiary |  |  |  |  |  |  |
Senior note | 7.995% |  | 2036 |  | 1,437 |  |  | 1,437 |
Finance lease and other obligations | Various |  | Various |  | 327 |  |  | 295 |
Unamortized discounts, net |  |  |  |  | (96) |  |  | (78) |
Unamortized debt issuance costs |  |  |  |  | (233) |  |  | (237) |
Total long-term debt |  |  |  |  | 31,440 |  |  | 31,837 |
Less current maturities |  |  |  |  | (3,841) |  |  | (2,427) |
Long-term debt, excluding current maturities |  |  |  |  | $ | 27,599 |  |  | 29,410 |
______________________________________________________________________ (1)As of March 31, 2021. (2)See Note 6—Long-Term Debt and Credit Facilities in our Annual Report on Form 10-K for the year ended December 31, 2020 for a description of certain parent or subsidiary guarantees and liens securing this debt. (3)Term Loans A and A-1 had interest rates of 2.109% and 2.147% as of March 31, 2021 and December 31, 2020, respectively. (4)Term Loan B had interest rates of 2.359% and 2.397% as of March 31, 2021 and December 31, 2020, respectively. (5)The Tranche B 2027 Term Loan had interest rates of 1.859% and 1.897% as of March 31, 2021 and December 31, 2020, respectively. (6)Qwest Corporation Term Loan had interest rates of 2.110% and 2.150% as of March 31, 2021 and December 31, 2020, respectively.
Schedule of Maturities of Long-term Debt | Set forth below is the aggregate principal amount of our long-term debt as of March 31, 2021 (excluding unamortized discounts, net, and unamortized debt issuance costs), maturing during the following years:
| (Dollars in millions)
2021 (remaining nine months) | $ | 2,410 |
2022 | 1,541 |
2023 | 966 |
2024 | 1,143 |
2025 | 2,907 |
2026 and thereafter | 22,802 |
Total long-term debt | $ | 31,769 |

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