CONSOLIDATED BALANCE SHEETS U S WEST, Inc. December 31, December 31, In millions 1999 1998 - - ---------------------------------------- ----------- ----------- ASSETS Current assets: Cash and cash equivalents $ 78 $ 49 Accounts receivable, net 2,455 1,743 Receivable from Global Crossing Ltd. sale of investment 1,140 - Inventories and supplies 272 197 Deferred directory costs 85 274 Deferred tax asset 46 151 Prepaid and other 116 78 ------ ------ Total current assets 4,192 2,492 Property, plant and equipment - net 16,404 14,908 Investments 1,234 63 Other assets - net 1,386 944 ------ ------ Total assets $23,216 $18,407 ====== ====== LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: Short-term debt $ 2,882 $ 1,277 Accounts payable 1,700 1,347 Accrued expenses 1,840 1,702 Advance billings and deposits 344 370 ------ ------ Total current liabilities 6,766 4,696 Long-term debt 10,189 8,642 Postretirement and other postemployment benefit obligations 2,890 2,643 Deferred taxes, credits and other 2,116 1,671 Stockholders' equity 1,255 755 ------ ------ Total liabilities and stockholders' equity $23,216 $18,407 ====== ======