 |
|
September
30,
|
| (DOLLARS
IN MILLIONS) |
2002
|
2001
|
|
|
|
| Liabilities
and Net Capital Deficiency |
|
|
| Current
liabilities: |
|
|
|
Compensation
and benefits |
$
5,113
|
$
5,810
|
|
Estimated
prepaid postage |
1,500
|
1,623
|
|
Payables
and accrued expenses: |
|
|
|
|
Foreign
countries |
748
|
499
|
|
|
U.S.
government |
246
|
151
|
|
|
Emergency
preparedness appropriations—Note
10 |
583
|
—
|
|
|
Other |
584
|
956
|
|
|
|
|
|
|
|
|
Total
payables and accrued expenses |
2,161
|
1,606
|
|
Prepaid
box rentals, permit and metered mail |
2,011
|
1,866
|
|
Outstanding
postal money orders |
986
|
988
|
|
Current
portion of long-term debt |
3,815
|
5,564
|
|
|
|
|
|
|
| Total
current liabilities |
15,586
|
17,457
|
|
|
|
|
|
|
| Long-term
debt, less current portion—Note
5 |
7,300
|
5,751
|
|
|
|
|
|
|
| Other
liabilities: |
|
|
|
Amounts
payable for deferred retirement
benefits—Note
6 |
30,046
|
29,932
|
|
Workers'
compensation costs—Notes 2
and 3 |
5,815
|
5,167
|
|
Employees'
accumulated leave |
2,088
|
2,124
|
|
Other |
1,182
|
986
|
|
|
|
|
| Total
other liabilities |
39,131
|
38,209
|
|
|
|
|
|
|
| Commitments
and contingencies—Notes 8
and 9 |
|
|
| Total
Liabilities |
62,017
|
61,417
|
|
Net
capital deficiency: |
|
|
|
|
Capital
contributions of the U.S. Government |
3,034
|
3,034
|
|
|
Deficit
since reorganization |
(6,036)
|
(5,360)
|
|
|
|
|
| Total
Net Capital Deficiency |
(3,002)
|
(2,326)
|
|
|
|
| Total
Liabilities and Net Capital Deficiency |
$ 59,015
|
$ 59,091
|
|
|
|
|
|
|
|
|
|
See accompanying notes
to financial statements. |
|
|
|
