EXHIBIT 99C2
CONSOLIDATED BALANCE SHEETS U S WEST, Inc.
(UNAUDITED)
September 30, December 31,
In millions 1996 1995
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ASSETS
Current assets:
Cash and cash equivalents $160 $192
Accounts and notes receivable 1,973 1,886
Inventories and supplies 198 227
Deferred tax asset 251 282
Prepaid and other 354 322
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Total current assets 2,936 2,909
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Property, plant and equipment - net 15,227 14,677
Investment in Time Warner Entertainment 2,493 2,483
Intangible assets - net 1,791 1,798
Investment in international ventures 1,371 1,511
Net investment in assets held for sale 404 429
Prepaid and other assets 1,361 1,264
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Total assets $25,583 $25,071
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LIABILITIES AND SHAREOWNERS' EQUITY
Current liabilities:
Short-term debt $1,728 $1,901
Accounts payable 831 975
Dividends payable 257 254
Other payables 2,050 1,922
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Total current liabilities 4,866 5,052
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Long-term debt 7,402 6,954
Postretirement and other post-
employment benefit obligations 2,420 2,433
Deferred taxes, credits and other 1,962 2,033
Company-obligated mandatorily
redeemable preferred securities of
subsidiary trust holding solely Company-
guaranteed debentures 600 600
Preferred stock subject to
mandatory redemption 51 51
Common shareowners' equity:
Common shares 8,396 8,228
Retained earnings (deficit) 41 (115)
LESOP guarantee (109) (127)
Foreign currency translation
adjustments (46) (38)
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Total common shareowners' equity 8,282 7,948
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Total liabilities & shareowners'
equity $25,583 $25,071
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