For the years ended September 30, | ||||||
---|---|---|---|---|---|---|
2003 | 2002 | |||||
(Dollars in millions) | New Terminations | Changes in Prior Year Terminations | Total | New Terminations | Changes in Prior Year Terminations | Total |
Present value of future benefits | $ 13,431 | $ 47 | $ 13,478 | $ 7,704 | $ 23 | $ 7,727 |
Less plan assets | $ 6,963 | $ (79) | $ 6,884 | $ 4,664 | $ 8 | $ 4,672 |
Plan asset insufficiency | $ 6,468 | $ 126 | $ 6,594 | $ 3,040 | $ 15 | $ 3,055 |
Less estimated recoveries | $ 61 | $ (3) | $ 58 | $ 27 | $ 3 | $ 30 |
Subtotal | $ 6,407 | $ 129 | $ 6,536 | $ 3,013 | $ 12 | $ 3,025 |
Settlements and judgments | $ (3) | $ 377 | ||||
Loss (credit) on probables | $ (1,156)* | $ 5,911* | ||||
Total | $ 5,377 | $ 9,313 |
* See Note 4.
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