EXHIBIT 99A.2 EARNINGS NORMALIZATION SCHEDULE U S WEST COMMUNICATIONS GROUP (UNAUDITED) Quarter Ended Six Months Ended In millions, except June 30, % June 30, % per share amounts 1996 1995 Change 1996 1995 Change - ------------------------------- ------- ------------- ------- ------ NORMALIZED INCOME: Reported net income $324 $293 10.6 $652 $608 7.2 Adjustments to normalize net income: Rural exchange sales (30) (10) - (30) (49) (38.8) Cumulative effect of change in accounting principle-net of tax - - - (34) - - Current year impact of accounting change - net of tax (5) - - (10) - - ---------------- --------------- Normalized income $289 $283 2.1 $578 $559 3.4 ================ =============== NORMALIZED EARNINGS PER COMMON SHARE: Reported net income $0.68 $0.62 9.7 $1.37 $1.29 6.2 Adjustments to normalize net income: Rural exchange sales (0.06) (0.02) - (0.06) (0.10) (40.0) Cumulative effect of change in accounting principle-net of tax - - - (0.07) - - Current year impact of accounting change - net of tax (0.01) - - (0.02) - - ---------------- --------------- Normalized earnings per common share $0.61 $0.60 1.7 $1.22 $1.19 2.5 ================ ===============