| STATEMENTS OF FINANCIAL CONDITION | ||||||
| Single-Employer Program | Multiemployer Program | Memorandum Total | ||||
|---|---|---|---|---|---|---|
| (Dollars in millions) | 30-Sep-02 | 30-Sep-01 | 30-Sep-02 | 30-Sep-01 | 30-Sep-02 | 30-Sep-01 |
LIABILITIES |
||||||
Present value of future
benefits, net (Note 4): |
||||||
Trusteed plans |
$21,660 | $12,694 | $3 | $4 | $21,663 | $12,698 |
Terminated plans pending trusteeship |
476 | 215 | 0 | 0 | 476 | 215 |
Settlements and judgments |
161 | 177 | 0 | 0 | 161 | 177 |
Claims for probable terminations |
6,322 | 411 | 0 | 0 | 6,322 | 411 |
Total present value of future benefits, net |
28,619 | 13,497 | 3 | 4 | 28,622 | 13,501 |
Present value of nonrecoverable
future financial assistance (Note5) |
775 | 679 | 775 | 679 | ||
Unearned premiums (Note
9) |
193 | 191 | 8 | 8 | 201 | 199 |
Due for purchases of
securities |
83 | 195 | 0 | 0 | 83 | 195 |
Accounts payable and
accrued expenses (Note 6) |
173 | 153 | 0 | 0 | 173 | 153 |
Commitments and contingencies |
||||||
(Notes 7, 8, 14 and 15) |
||||||
Total liabilities |
29,068 | 14,036 | 786 | 691 | 29,854 | 14,727 |
Net position |
-3,638 | 7,732 | 158 | 116 | -3,480 | 7,848 |
Total liabilities and
net position |
$25,430 | $21,768 | $944 | $807 | $26,374 | $22,575 |
| The accompanying notes are an integral part of these financial statements. | ||||||
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