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CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Millions
Mar. 31, 2025
Dec. 31, 2024
CURRENT ASSETS    
Cash and cash equivalents $ 40 $ 26
Accounts receivable, less allowance of $29 and $29 224 227
Other current assets, net 131 152
Total current assets 1,539 1,307
Property, plant and equipment, net of accumulated depreciation of $9,069 and $8,910 8,830 8,865
GOODWILL AND OTHER ASSETS    
Goodwill 6,955 6,955
Intangible assets, net 95 84
Other assets, net 152 151
Total goodwill and other assets 7,202 7,190
TOTAL ASSETS 17,571 17,362
CURRENT LIABILITIES    
Current maturities of long-term debt 239 239
Accounts payable 138 221
Accrued expenses and other liabilities    
Salaries and benefits 110 130
Income and other taxes 128 106
Other current liabilities 113 117
Current portion of deferred revenue 154 153
Total current liabilities 882 966
LONG-TERM DEBT 1,688 1,688
DEFERRED CREDITS AND OTHER LIABILITIES    
Deferred income taxes, net 1,344 1,336
Other liabilities 698 685
Total deferred credits and other liabilities 2,474 2,465
COMMITMENTS AND CONTINGENCIES (Note 7)
STOCKHOLDER'S EQUITY    
Common stock - one share without par value, owned by Qwest Services Corporation 10,050 10,050
Retained earnings 2,477 2,193
Total stockholder's equity 12,527 12,243
TOTAL LIABILITIES AND STOCKHOLDER'S EQUITY 17,571 17,362
Affiliates    
CURRENT ASSETS    
Advances to affiliates 244 902
Note receivable - affiliates 900 0
DEFERRED CREDITS AND OTHER LIABILITIES    
Affiliate obligations, net $ 432 $ 444