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Balance Sheets - Liabilities and Net (Deficiency) Capital

September 30,
	2008	2007
(Dollars in millions)
Liabilities and Net (Deficiency) Capital
Current Liabilities:
Compensation and benefits	$ 3,466	$ 3,571
Payables and accrued expenses:
Trade payables and accrued expenses	1,246	1,503
Foreign countries	413	452
U.S. government	85	111
Total payables and accrued expenses	1,744	2,066
Customer deposit accounts	1,449	1,499
Deferred revenue-prepaid postage	1,689	1,142
Outstanding postal money orders	720	847
Prepaid box rent and other deferred revenue	461	479
Debt	7,200	4,200
Total Current Liabilities	16,729	13,804
Noncurrent Liabilities:
Workers’ compensation costs	7,003	6,800
Employees’ accumulated leave	2,208	2,129
Deferred appropriation and other revenue	525	591
Long-term portion capital lease obligations	587	618
Deferred gains on sales of property	312	310
Contingent liabilities and other	294	461
Total Noncurrent Liabilities	10,929	10,909
Total Liabilities	27,658	24,713
Net Capital
Capital contributions of the U.S. government	3,034	3,034
Deficit since 1971 reorganization	(4,706)	(1,900)
Total Net (Deficiency) Capital	(1,672)	1,134
Total Liabilities and Net (Deficiency) Capital	$ 25,986	$ 25,847
See accompanying notes to the financial statements.

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