Balance Sheets - Liabilities and Net Capital
Years Ended September 30,
| blank | 2007 | 2006 |
| (Dollars in millions) | ||
| Liabilities and Net Capital | ||
| Current Liabilities: | ||
| Compensation and benefits | $ 3,571 | $ 3,224 |
| Payables and accrued expenses: | ||
| Trade payables and accrued expenses | 1,523 | 1,481 |
| Foreign countries | 452 | 567 |
| U.S. government | 111 | 111 |
| Total payables and accrued expenses | 2,086 | 2,159 |
| Customer deposit accounts | 1,499 | 1,647 |
| Deferred revenue - prepaid postage | 1,142 | 1,187 |
| Outstanding postal money orders | 847 | 885 |
| Prepaid box rent and other deferred revenue | 434 | 411 |
| Debt | 4,200 | 2,100 |
| Total Current Liabilities | 13,779 | 11,613 |
Non-Current Liabilities: |
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| Workers’ compensation costs | 6,800 | 6,869 |
| Employees’ accumulated leave | 2,129 | 2,116 |
| Deferred appropriation and other revenue | 591 | 674 |
| Long-term portion capital lease obligations | 618 | 637 |
| Deferred gains on sales of property | 341 | 123 |
| Contigent liabilities and other | 455 | 180 |
| Total Non-Current Liabilities | 10,934 | 10,599 |
| Total Liabilities | 24,713 | 22,212 |
| Net Capital | ||
| Capital contributions of the U.S. government | 3,034 | 3,034 |
| Retained earnings since reorganization | (1,900) | 3,242 |
| Total Net Capital | 1,134 | 6,276 |
| Total Liabilities and Net Capital | $ 25,847 | $ 28,488 |
See accompanying notes to the financial statements