EXHIBIT 99C.2
CONSOLIDATED BALANCE SHEETS U S WEST, Inc.
(UNAUDITED)
March 31, December 31,
Dollars in millions 1997 1996
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ASSETS
Current assets:
Cash and cash equivalents $164 $201
Accounts and notes receivable 2,059 2,113
Inventories and supplies 171 159
Deferred tax asset 186 213
Prepaid and other 399 426
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Total current assets 2,979 3,112
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Property, plant and equipment - net 18,208 18,281
Investment in Time Warner Entertainment 2,483 2,477
Net investment in international ventures 1,427 1,548
Intangible assets - net 12,597 12,595
Net investment in assets held for sale 403 409
Other assets 2,236 2,433
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Total assets $40,333 $40,855
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LIABILITIES AND SHAREOWNERS' EQUITY
Current liabilities:
Short-term debt $1,795 $1,051
Accounts payable 1,249 1,316
Due to Continental Cablevision
shareholders - 1,150
Dividends payable 266 263
Other payables 2,503 2,294
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Total current liabilities 5,813 6,074
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Long-term debt 14,260 14,300
Postretirement and other postemployment
benefit obligations 2,473 2,479
Deferred taxes 4,438 4,522
Deferred credits and other 733 800
Preferred securities of subsidiary
trust holding Company-guaranteed
debentures 1,080 1,080
Preferred stock subject to
mandatory redemption 51 51
Shareowners' equity:
Preferred shares 921 920
Common shares 10,739 10,741
Retained earnings (deficit) (57) 18
LESOP guarantee (91) (91)
Foreign currency translation adjustments (27) (39)
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Total shareowners' equity 11,485 11,549
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Total liabilities & shareowners' equity $40,333 $40,855
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