Owed Benefits
| (Dollars in millions) | 2003 | 2002 | |||
|---|---|---|---|---|---|
| Single-Employer and Multiemployer Programs Combined | |||||
| Summary of Operations | |||||
| Premium Income | $ | 973 | |
$ | 812 |
| Losses from Plan Terminations | $ | 5,377 | |
$ | 9,313 |
| Investment Income | $ | 3,386 | |
$ | 288 |
| Actuarial Charges and Adjustments | $ | 6,162 | |
$ | 2,802 |
| Insurance Activity | |||||
| Benefits Paid | $ | 2,489 | |
$ | 1,538 |
| Retirees | $ | 459,190 | |
$ | 344,770 |
| Total Participants Receiving or Owed Benefits |
$ | 934,000 | |
$ | 783,000 |
| New Underfunded Terminations | $ | 155 | |
$ | 157 |
| Terminated/Trusteed Plans (Cumulative) | $ | 3,287 | |
$ | 3,132 |
| Financial Position | |||||
| Single-Employer Program | |||||
| Total Assets | $ | 34,016 | |
$ | 25,430 |
| Total Liabilities | $ | 45,254 | |
$ | 29,068 |
| Net Loss | $ | (7,600) | |
$ | (11,370) |
| Net Position | $ | (11,238) | |
$ | (3,638) |
| Multiemployer Program | |||||
| Total Assets | $ | 1,000 | |
$ | 944 |
| Total Liabilities | $ | 1,261 | |
$ | 786 |
| Net Income (Loss) | $ | (419) | |
$ | 42 |
| Net Position | $ | (419) | |
$ | 158 |
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