CONSOLIDATED BALANCE SHEETS U S WEST, Inc. (UNAUDITED) March 31, December 31, In millions 2000 1999 - ------------------------------------------ ---------- ------------ ASSETS Current assets: Cash and cash equivalents $ 82 $ 78 Accounts receivable, net 2,355 2,455 Receivable from Global Crossing Ltd. sale of investment - 1,140 Inventories and supplies 302 272 Deferred directory costs 94 85 Deferred tax asset 31 46 Prepaid and other 185 116 ---------- ------------ Total current assets 3,049 4,192 Property, plant and equipment - net 16,932 16,404 Investments 1,085 1,290 Other assets - net 1,635 1,386 ---------- ------------ Total assets $ 22,701 $ 23,272 ========== ============ LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: Short-term debt $ 2,353 $ 2,882 Accounts payable 1,503 1,700 Accrued expenses 1,698 1,840 Advance billings and deposits 354 344 ---------- ------------ Total current liabilities 5,908 6,766 Long-term debt 10,247 10,189 Postretirement and other postemployment benefit obligations 2,838 2,890 Deferred taxes, credits and other 2,393 2,172 Stockholders' equity 1,315 1,255 ---------- ------------ Total liabilities and stockholders' equity $ 22,701 $ 23,272 ========== ============ 8