| LOSSES FROM COMPLETED AND PROBABLE TERMINATIONS -- SINGLE-EMPLOYER PROGRAM | ||||||
| (Dollars in millions) | 30-Sep-02 | 30-Sep-01 | ||||
|---|---|---|---|---|---|---|
| New Terminations | Changes in Prior Year Terminations | Total | New Terminations | Changes in Prior Year Terminations | Total | |
| Present value of future benefits | $7,704 | $23 | $7,727 | $3,726 | ($37) | $3,689 |
| Less plan assets | 4,664 | 8 | 4,672 | 2,624 | 143 | 2,767 |
| Plan asset insufficiency | 3,040 | 15 | 3,055 | 1,102 | -180 | 922 |
| Less estimated recoveries | 27 | 3 | 30 | 0 | -182 | -182 |
| Subtotal | $3,013 | $12 | 3,025 | $1,102 | $2 | 1,104 |
| Settlements and judgments | 377 | 91 | ||||
| Loss (credit) on probables | 5,911* | (490)* | ||||
| Total | $9,313 | $705 | ||||
| * See Note 4 | ||||||
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