Financial Summary - Single-Employer Program


(Dollars in millions)	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997
Summary of Operations:
Premium income	$1,442	1,451	1,458	948	787	821	807	902	966	1,067
Other income	$79	44	24	28	28	23	5	3	10	19
Investment income (loss)	$2,184	3,897	3,197	3,349	170	(843)	2,392	728	2,118	2,687
Actuarial charges (credits)	$4,819	490	1,787	6,161	2,802	1,082	453	(602)	815	488
Losses (credits) from completed and probable terminations	$(6,155)	3,954	14,707	5,377	9,313	705	(80)	(80)		489
Administrative and investment expenses	$405	342	288	290	225	184	167	161	158	155
Other expenses	$2	77	(36)	97	15	2	(2)	(1)	6	29
Net income (loss)	$4,634	529	(12,067)	(7,600)	(11,370)	(1,972)	2,666	2,026	1,531	2,612
Summary of Financial Position:
Cash and investments	$57,728	54,387	36,254	33,215	24,851	21,010	20,409	17,965	17,345	14,988
Total assets	$59,972	56,470	38,993	34,016	25,430	21,768	20,830	18,431	17,631	15,314
Present value of future benefits	$69,143	69,737	60,836	44,641	28,619	13,497	10,631	11,073	12,281	11,497
Net position	$(18,142)	(22,776)	(23,305)	(11,238)	(3,638)	7,732	9,704	7,038	5,012	3,481
Insurance Activity:
Benefits paid	$4,082	3,685	3,006	2,488	1,537	1,043	902	901	847	823
Participants receiving monthly benefits from PBGC at end of year	611,690	628,640	517,900	458,800	344,310	268,090	226,080	214,160	208,450	204,800
Plans receiving financial assistance from PBGC	3,673	3,585	3,469	3,277	3,122	2,965	2,864	2,775	2,655	2,500

Financial Summary - Multiemployer Program


(Dollars in millions)	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997
Summary of Operations:
Premium income	$58	26	27	25	25	24	24	23	23	23
Other income	$0	0	0	0	0	0	0	0	0	0
Investment income (loss)	$(1)	79	54	37	118	95	70	(56)	133	68
Actuarial charges (credits)	$0	0	1	1	0	1	0	0	0	(1)
Losses (credits) from completed and probable terminations	$461	204	55	480	101	269	26	109	34	(3)
Administrative and investment expenses	$0	0	0	0	0	0	0	0	0	0
Net income (loss)	$(404)	(99)	25	(419)	42	(151)	68	(142)	122	95
Summary of Financial Position:
Cash and investments	$1,164	1,147	1,057	984	933	796	682	681	736	585
Total assets	$1,166	1,160	1,070	1,000	944	807	694	692	745	596
Present value of future benefits	$2	2	3	3	3	4	4	5	6	7
Net position	$(739)	(335)	(236)	(261)	158	116	267	199	341	219
Insurance Activity:
Benefits paid	$1	1	1	1	1	1	1	1	1	1
Participants receiving monthly benefits from PBGC at end of year	240	280	320	390	460	510	620	730	850	1,000
Plans receiving financial assistance from PBGC	33	29	27	24	23	22	21	21	18	14