Home >Financials >United States Postal Service Annual Report 2010: Foundation For The Future > Notes to the Financial Statements > Note 3—Summary of significant accounting policies > Deferred Gains on Sales of Property
Deferred gains on sales of property are recognized in income and the sold assets removed from the accounting records when any lease-backs or other conditions requiring continued Postal Service involvement in the properties have expired.
Deferred gains recognized in income were $18 million in 2010, $11 million in 2009, and $44 million in 2008.
