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Long-Term Debt and Note Payable - Affiliate (Tables) | 9 Months Ended
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Sep. 30, 2020
Debt Disclosure [Abstract] |
Schedule of long-term debt | The following chart reflects (i) the consolidated long-term debt of Qwest Corporation and its subsidiaries, including finance lease and other obligations, unamortized premiums, net, unamortized debt issuance costs and (ii) note payable - affiliate:
| Interest Rates (1) |  | Maturities (1) |  | September 30, 2020 |  | December 31, 2019
|  |  |  |  | (Dollars in millions)
Senior notes | 6.125% - 7.750% |  | 2021 - 2057 |  | $ | 4,105 |  |  | 5,956 |
Term loan (2) | LIBOR + 2.00% |  | 2025 |  | 100 |  |  | 100 |
Finance lease and other obligations | Various |  | Various |  | 5 |  |  | 10 |
Unamortized premiums, net |  |  |  |  | 5 |  |  | — |
Unamortized debt issuance costs |  |  |  |  | (88) |  |  | (115) |
Total long-term debt |  |  |  |  | 4,127 |  |  | 5,951 |
Less current maturities |  |  |  |  | (1) |  |  | (1,105) |
Long-term debt, excluding current maturities |  |  |  |  | $ | 4,126 |  |  | 4,846 |
Note payable - affiliate | 4.974% |  | 2022 |  | $ | 1,130 |  |  | 1,069 |
_______________________________________________________________________________ (1)As of September 30, 2020. (2)Qwest Corporation's Term Loan had an interest rate of 2.150% as of September 30, 2020 and 3.800% as of December 31, 2019.
Schedule of maturities of long-term debt | Set forth below is the aggregate principal amount of our long-term debt as of September 30, 2020 (excluding unamortized premiums and discounts and unamortized debt issuance costs and excluding note payable-affiliate) maturing during the following years:
| (Dollars in millions)
2020 (remaining three months) | $ | — |
2021 | 951 |
2022 | 1 |
2023 | 1 |
2024 | 1 |
2025 and thereafter | 3,256 |
Total long-term debt | $ | 4,210 |

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