|
| September 30, |
| (dollars in millions) |
2003 |
2002 |
|
| Liabilities and Net Capital (Deficiency)
|
| Current Liabilities: |
 Compensation and benefits |
$2,518 |
$5,113 |
| Estimated prepaid postage |
1,349 |
1,500 |
 Payables and accrued expenses: |
| Foreign countries |
879 |
748 |
| U.S. government |
112 |
246 |
| Unexpended appropriations— Note 11 |
406 |
583 |
| Other |
1,863 |
584 |
| Total payables and accrued expenses |
3,260 |
2,161 |
| Prepaid box rentals, permit and metered mail |
1,925 |
2,011 |
| Outstanding postal money orders |
768 |
986 |
| Current portion of debt |
7,273 |
3,815 |
| Total Current Liabilities |
17,093 |
15,586 |
|
| Long-Term Debt, Less Current Portion — Note 5 |
1 |
7,300 |
| |
| Other Liabilities: |
| Deferred retirement costs — Notes 2, 6 and 7 |
— |
32,231 |
| Less current portion reported in compensation and benefits |
— |
(2,185) |
| — |
30,046 |
| Workers' compensation costs — Notes 2 and 3 |
6,324 |
5,815 |
| Employees' accumulated leave |
1,932 |
2,088 |
| Other |
1,026 |
1,182 |
| Total Other Liabilities |
9,282 |
39,131 |
| |
| Commitments and Contingencies — Notes 9 and 10 |
| Total Liabilities |
26,376 |
62,017 |
| Net Capital (Deficiency): |
| Capital contributions of the U.S. government |
3,034 |
3,034 |
| Deficit since reorganization |
(2,168) |
(6,036) |
| Total Net Capital (Deficiency) |
866 |
(3,002) |
| |
| Total Liabilities and Net Capital (Deficiency) |
$27,242
 |
$59,015
 |
|
| See accompanying notes to financial statements. |
|
