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Financial Statements 2001 | < Return to Balance Sheet 1 |
| September 30, | ||||||
| (dollars in millions) |
2001 |
2000 |
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 |
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| Liabilities and Net Capital Deficiency |
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| Current liabilities: |
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| Compensation and benefits |
$ 5,810 |
$ 5,295 |
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| Estimated prepaid postage |
1,623 |
1,594 |
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| Payables and accrued expenses: |
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| Foreign countries |
499 |
439 |
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| U.S. government |
151 |
150 |
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| Other |
956 |
1,300 |
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| Total payables and accrued expenses |
1,606 |
1,889 |
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| Prepaid box rentals, permit and metered mail |
1,866 |
1,969 |
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| Outstanding postal money orders |
988 |
716 |
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| Current portion of long-term debt |
5,564 |
6,814 |
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| Total current liabilities |
17,457 |
18,277 |
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| Long-term debt, less current portion—Note 5 |
5,751 |
2,502 |
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| Other liabilities: |
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| Amounts
payable for deferred retirement benefits—Note 6 |
29,932 |
30,212 |
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| Workers' compensation—Notes 2 and 3 |
5,167 |
5,029 |
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| Employees' accumulated leave |
2,124 |
2,090 |
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| Other |
986 |
819 |
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| Total other liabilities |
38,209 |
38,150 |
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| Commitments and contingencies—Notes 8 and 9 |
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| Total Liabilities |
61,417 |
58,929 |
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| Net capital deficiency: |
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| Capital contributions of the U.S. Government |
3,034 |
3,034 |
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| Deficit since reorganization |
(5,360) |
(3,680) |
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| Total Net Capital Deficiency |
(2,326) |
(646) |
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| Total Liabilities and Net Capital Deficiency |
$ 59,091 |
$ 58,283 |
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| See accompanying notes to financial statements. | ||||||
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continue... |
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