| (Dollars in millions) | Single-Employer Program | Multiemployer Program | Memorandum Total | |||
|---|---|---|---|---|---|---|
| September 30, | 2003 | 2002 | 2003 | 2002 | 2003 | 2002 |
| Net income (loss) | $ (7,600) | $ (11,370) | $ (419) | $ 42 | $ (8,019) | $ (11,328) |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||
| Net (appreciation) decline in fair value of investments | $ (2,308) | $ 701 | $ 11 | $ (67) | $ (2,297) | $ 634 |
| Net (gain) loss of terminated plans pending trusteeship | $ (108) | $ 79 | $ 0 | $ 0 | $ (108) | $ 79 |
| Losses on completed and probable terminations | $ 5,377 | $ 9,313 | $ 0 | $ 0 | $ 5,377 | $ 9,313 |
| Actuarial charges | $ 6,161 | $ 2,802 | $ 1 | $ 0 | $ 6,162 | $ 2,802 |
| Benefit payments - trusteed plans | $ (2,154) | $ (1,482) | $ (1) | $ (1) | $ (2,155) | $ (1,483) |
| Settlements and judgments | $ (90) | $ (393) | $ 0 | $ 0 | $ (90) | $ (393) |
| Cash received from plans upon trusteeship | $ 360 | $ 662 | $ 0 | $ 0 | $ 360 | $ 662 |
| Receipts from sponsors/non-sponsors | $ 225 | $ 383 | $ 0 | $ 0 | $ 225 | $ 383 |
| Amortization of discounts/premiums | $ 108 | $ (15) | $ 7 | $ 0 | $ 115 | $ (15) |
| Changes in assets and liabilities, net of effects of trusteed and pending plans: | ||||||
| (Increase) decrease in receivables | $ (210) | $ 39 | $ (5) | $ 0 | $ (215) | $ 39 |
| Increase in present value of nonrecoverable future financial assistance | $ 475 | $ 96 | $ 475 | $ 96 | ||
| Increase in unearned premiums | $ 14 | $ 2 | $ 0 | $ 0 | $ 14 | $ 2 |
| Increase in accounts payable | $ 13 | $ 13 | $ 0 | $ 0 | $ 13 | $ 13 |
| Net cash provided (used) by operating activities | $ (212) | $ 734 | $ 69 | $ 70 | $ (143) | $ 804 |
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