EXHIBIT 99A.4 COMBINED BALANCE SHEETS U S WEST COMMUNICATIONS GROUP (UNAUDITED) June 30, December 31, In millions 1996 1995 - ------------------------------------- --------------------------- ASSETS Current assets: Cash and cash equivalents $55 $172 Accounts and notes receivable 1,567 1,617 Inventories and supplies 198 193 Deferred tax asset 221 259 Prepaid and other 83 51 --------------------------- Total current assets 2,124 2,292 --------------------------- Property, plant and equipment - net 13,728 13,529 Other assets 870 764 --------------------------- Total assets $16,722 $16,585 =========================== LIABILITIES AND EQUITY Current liabilities: Short-term debt $1,160 $1,065 Accounts payable 675 851 Dividends payable 256 254 Other 1,433 1,437 --------------------------- Total current liabilities 3,524 3,607 --------------------------- Long-term debt 5,671 5,689 Postretirement and other postemployment benefit obligations 2,328 2,351 Deferred taxes, credits and other 1,464 1,462 Communications Group equity 3,735 3,476 --------------------------- Total liabilities and equity $16,722 $16,585 ===========================