EXHIBIT 99A.4 COMBINED BALANCE SHEETS U S WEST COMMUNICATIONS GROUP (UNAUDITED) December 31, In millions 1996 1995 - - -------------------------------------- --------------------------- ASSETS Current assets: Cash and cash equivalents $80 $172 Accounts and notes receivable 1,622 1,617 Inventories and supplies 144 193 Deferred tax asset 97 259 Prepaid and other 65 51 --------------------------- Total current assets 2,008 2,292 --------------------------- Gross property, plant and equipment 32,645 31,178 Accumulated depreciation 18,639 17,649 --------------------------- Property, plant and equipment - net 14,006 13,529 Other assets 827 764 --------------------------- Total assets $16,841 $16,585 =========================== LIABILITIES AND EQUITY Current liabilities: Short-term debt $834 $1,065 Accounts payable 989 851 Dividends payable 257 254 Other 1,387 1,437 --------------------------- Total current liabilities 3,467 3,607 --------------------------- Long-term debt 5,664 5,689 Postretirement and other postemployment benefit obligations 2,387 2,351 Deferred taxes, credits and other 1,406 1,462 Communications Group equity 3,917 3,476 --------------------------- Total liabilities and equity $16,841 $16,585 ===========================