| ASSETS (Dollars in millions) | Single-Employer Program | Multiemployer Program | Memorandum Total | |||
|---|---|---|---|---|---|---|
| September 30, | 2003 | 2002 | 2003 | 2002 | 2003 | 2002 |
| Cash and cash equivalents | $ 3,172 | $ 716 | $ 8 | $ 3 | $ 3,180 | $ 719 |
| Investments, at market (Note 3): | ||||||
| Fixed maturity securities | $ 17,250 | $ 16,742 | $ 975 | $ 929 | $ 18,225 | $ 17,671 |
| Equity securities | $ 12,641 | $ 7,349 | $ 1 | $ 1 | $ 12,642 | $ 7,350 |
| Real estate and real estate investment trusts | $ 93 | $ 38 | $ 0 | $ 0 | $ 93 | $ 38 |
| Other | $ 59 | $ 6 | $ 0 | $ 0 | $ 59 | $ 6 |
| Total investments | $ 30,043 | $ 24,135 | $ 976 | $ 930 | $ 31,019 | $ 25,065 |
| Receivables, net: | ||||||
| Sponsors of terminated plans | $ 132 | $ 209 | $ 0 | $ 0 | $ 132 | $ 209 |
| Premiums (Note 9) | $ 254 | $ 121 | $ 0 | $ 0 | $ 254 | $ 121 |
| Sale of securities | $ 134 | $ 45 | $ 0 | $ 0 | $ 134 | $ 45 |
| Investment income | $ 274 | $ 197 | $ 16 | $ 11 | $ 290 | $ 208 |
| Other | $ 3 | $ 3 | $ 0 | $ 0 | $ 3 | $ 3 |
| Total receivables | $ 797 | $ 575 | $ 16 | $ 11 | $ 813 | $ 586 |
| Furniture and fixtures, net | $ 4 | $ 4 | $ 0 | $ 0 | $ 4 | $ 4 |
| Total assets | $ 34,016 | $ 25,430 | $ 1,000 | $ 944 | $ 35,016 | $ 26,374 |
The accompanying notes are an integral part of these financial statements.
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