EXHIBIT 99A.3 COMBINED BALANCE SHEETS U S WEST COMMUNICATIONS GROUP (UNAUDITED) March 31, December 31, Dollars in millions 1997 1996 -------------------------------------- --------------------------- ASSETS Current assets: Cash and cash equivalents $81 $80 Accounts and notes receivable 1,540 1,622 Inventories and supplies 155 144 Deferred tax asset 142 171 Prepaid and other 83 65 --------------------------- Total current assets 2,001 2,082 --------------------------- Gross property, plant and equipment 32,766 32,645 Less accumulated depreciation 18,961 18,639 --------------------------- Property, plant and equipment - net 13,805 14,006 Other assets 856 827 --------------------------- Total assets $16,662 $16,915 =========================== LIABILITIES AND EQUITY Current liabilities: Short-term debt $375 $834 Accounts payable 1,025 989 Dividends payable 258 257 Other 1,537 1,387 --------------------------- Total current liabilities 3,195 3,467 --------------------------- Long-term debt 5,657 5,664 Postretirement and other postemployment benefit obligations 2,377 2,387 Deferred taxes, credits and other 1,390 1,480 Communications Group equity 4,043 3,917 --------------------------- Total liabilities and equity $16,662 $16,915 ===========================