| LIABILITIES (Dollars in millions) | Single-Employer Program | Multiemployer Program | Memorandum Total | |||
|---|---|---|---|---|---|---|
| September 30, | 2001 | 2000 | 2001 | 2000 | 2001 | 2000 |
| Present value of future benefits, net (Note 4): | ||||||
| Trusteed plans | $ 12,694 | $ 9,426 | $ 4 | $ 4 | $ 12,698 | $ 9,430 |
| Terminated plans pending trusteeship | $ 215 | $ 62 | $ - | $ - | $ 215 | $ 62 |
| Settlements and judgments | $ 177 | $ 242 | $ - | $ - | $ 177 | $ 242 |
| Claims for probable terminations | $ 411 | $ 901 | $ - | $ - | $ 411 | $ 901 |
| Total present value of future benefits, net | $ 13,497 | $ 10,631 | $ 4 | $ 4 | $ 13,501 | $ 10,635 |
| Present value of nonrecoverable future financial assistance (Note 5) | $ 679 | $ 414 | $ 679 | $ 414 | ||
| Unearned premiums (Note 9) | $ 191 | $ 206 | $ 8 | $ 9 | $ 199 | $ 215 |
| Due for purchases of securities | $ 195 | $ 144 | $ - | $ - | $ 195 | $ 144 |
| Accounts payable and accrued expenses (Note 6) | $ 153 | $ 145 | $ - | $ - | $ 153 | $ 145 |
| Commitments and contingencies | ||||||
| (Notes 7, 8, 14 and 15) | ||||||
| Total liabilities | $ 14,036 | $ 11,126 | $ 691 | $ 427 | $ 14,727 | $ 11,553 |
| Net position | $ 7,732 | $ 9,704 | $ 116 | $ 267 | $ 7,848 | $ 9,971 |
| Total liabilities and net position | $ 21,768 | $ 20,830 | $ 807 | $ 694 | $ 22,575 | $ 21,524 |
The accompanying notes are an integral part of these financial statements.
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