CONSOLIDATED BALANCE SHEETS U S WEST, Inc.
(UNAUDITED)
March 31, December 31,
In millions 1998 1997
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ASSETS
Current assets:
Cash and cash equivalents $ 521 $ 211
Accounts and notes receivable 2,053 2,249
Inventories and supplies 202 179
Deferred tax asset 330 373
Prepaid and other 411 387
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Total current assets 3,517 3,399
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Property, plant and equipment - net 18,656 18,580
Investment in Time Warner Entertainment 2,487 2,486
Net investment in international ventures 456 475
Intangible assets - net 12,537 12,674
Net investment in assets held for sale 441 419
Other assets 1,786 1,707
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Total assets $ 39,880 $ 39,740
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LIABILITIES AND SHAREOWNERS' EQUITY
Current liabilities:
Short-term debt $ 1,882 $ 1,430
Accounts payable 1,446 1,751
Dividends payable 269 268
Other payables 2,850 2,866
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Total current liabilities 6,447 6,315
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Long-term debt 13,178 13,248
Postretirement and other postemployment
benefit obligations 2,562 2,570
Deferred taxes 4,086 4,068
Deferred credits and other 1,075 1,035
Company-obligated mandatorily redeemable
preferred securities of subsidiary
trust holding solely Company-guaranteed
debentures 1,080 1,080
Preferred stock subject to
mandatory redemption 100 100
Shareowners' equity:
Preferred shares 923 923
Common shares 10,871 10,876
Retained (deficit) (310) (334)
LESOP guarantee (46) (46)
Foreign currency translation adjustments (86) (95)
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Total shareowners' equity 11,352 11,324
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Total liabilities & shareowners' equity $ 39,880 $ 39,740
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