EXHIBIT 99A.3 COMBINED BALANCE SHEETS U S WEST COMMUNICATIONS GROUP (UNAUDITED) Year Ended December 31, In millions 1995 1994 - ---------------------------------------- ------------------------- ASSETS Current assets: Cash and cash equivalents $172 $116 Accounts and notes receivable 1,617 1,500 Inventories and supplies 193 166 Deferred tax asset 259 300 Other 51 56 ------------------------- Total current assets 2,292 2,138 ------------------------- Property, plant and equipment - net 13,529 13,041 Other assets 764 765 ------------------------- Total assets $16,585 $15,944 ========================= LIABILITIES AND EQUITY Current liabilities: Short-term debt $1,065 $1,608 Accounts payable 851 888 Dividends payable 254 250 Other 1,437 1,462 ------------------------- Total current liabilities 3,607 4,208 ------------------------- Long-term debt 5,689 4,516 Postretirement and other postemployment benefit obligations 2,351 2,427 Deferred taxes, credits and other 1,462 1,614 Communications Group equity 3,476 3,179 ------------------------- Total liabilities and equity $16,585 $15,944 =========================