Financial Summary - Single-Employer Program

	Fiscal Year Ended September 30,
(Dollars in millions)	2003	2002	2001	2000	1999	1998	1997	1996	1995	1994
Summary of Operations:
Premium income	$ 948	$ 787	$ 821	$ 807	$ 902	$ 966	$ 1,067	$ 1,146	$ 838	$ 955
Other income	$ 28	$ 28	$ 23	$ 5	$ 3	$ 10	$ 19	$ 26	$ 18	$ 42
Investment income (loss)	$ 3,349	$ 170	$ (843)	$ 2,392	$ 728	$ 2,118	$ 2,687	$ 915	$ 1,956	$ (380)
Actuarial charges (credits)	$ 6,161	$ 2,802	$ 1,082	$ 453	$ (602)	$ 815	$ 488	$ 632	$ 1,561	$ (926)
Losses (credits) from completed and probable terminations	$ 5,377	$ 9,313	$ 705	$ (80)	$ 49	$ 584	$ 489	$ 118	$ 169	$ (249)
Administrative and investment expenses	$ 290	$ 225	$ 184	$ 167	$ 161	$ 158	$ 155	$ 150	$ 138	$ 135
Other expenses	$ 97	$ 15	$ 2	$ (2)	$ (1)	$ 6	$ 29	$ 3	$ 19	$ 0
Net income (loss)	$ (7,600)	$ (11,370)	$ (1,972)	$ 2,666	$ 2,026	$ 1,531	$ 2,612	$ 1,184	$ 925	$ 1,657
Summary of Financial Position:
Cash and investments	$ 33,215	$ 24,851	$ 21,010	$ 20,409	$ 17,965	$ 17,345	$ 14,988	$ 11,665	$ 10,026	$ 7,857
Total assets	$ 34,016	$ 25,430	$ 21,768	$ 20,830	$ 18,431	$ 17,631	$ 15,314	$ 12,043	$ 10,371	$ 8,281
Present value of future benefits	$ 44,641	$ 28,619	$ 13,497	$ 10,631	$ 11,073	$ 12,281	$ 11,497	$ 10,760	$ 10,388	$ 9,215
Net position	$ (11,238)	$ (3,638)	$ 7,732	$ 9,704	$ 7,038	$ 5,012	$ 3,481	$ 869	$ (315)	$ (1,240)
Insurance Activity:
Benefits paid	$ 2,488	$ 1,537	$ 1,043	$ 902	$ 901	$ 847	$ 823	$ 790	$ 761	$ 719
Participants receiving monthly benefits at end of year	458,800	344,310	268,090	226,080	214,160	208,450	204,800	198,600	181,000	172,800
Plans trusteed and pending trusteeship by PBGC	3,277	3,122	2,965	2,864	2,775	2,655	2,500	2,338	2,084	1,961

Financial Summary - Multiemployer Program

	Fiscal Year Ended September 30,
(Dollars in millions)	2003	2002	2001	2000	1999	1998	1997	1996	1995	1994
Summary of Operations:
Premium income	$ 25	$ 25	$ 24	$ 24	$ 23	$ 23	$ 23	$ 22	$ 22	$ 23
Other income (loss)	$ 0	$ 0	$ 0	$ 0	$ 0	$ 0	$ 0	$ 1	$ 0	$ 0
Investment income (loss)	$ 37	$ 118	$ 95	$ 70	$ (56)	$ 133	$ 68	$ 12	$ 83	$ (46)
Actuarial charges (credits)	$ 1	$ 0	$ 1	$ 0	$ 0	$ 0	$ (1)	$ 1	$ 2	$ (1)
Losses (gains) from financial assistance	$ 480	$ 101	$ 269	$ 26	$ 109	$ 34	$ (3)	$ 102	$ 108	$ 57
Administrative and investment expenses	$ 0	$ 0	$ 0	$ 0	$ 0	$ 0	$ 0	$ 0	$ 0	$ 0
Net income (loss)	$ (419)	$ 42	$ (151)	$ 68	$ (142)	$ 122	$ 95	$ (68)	$ (5)	$ (79)
Summary of Financial Position:
Cash and investments	$ 984	$ 933	$ 796	$ 682	$ 681	$ 736	$ 585	$ 498	$ 472	$ 374
Total assets	$ 1,000	$ 944	$ 807	$ 694	$ 692	$ 745	$ 596	$ 505	$ 477	$ 378
Present value of future benefits	$ 3	$ 3	$ 4	$ 4	$ 5	$ 6	$ 7	$ 9	$ 10	$ 10
Nonrecoverable future financial assistance, present value	$ 1,250	$ 775	$ 679	$ 414	$ 479	$ 389	$ 361	$ 365	$ 268	$ 164
Net position	$ (261)	$ 158	$ 116	$ 267	$ 199	$ 341	$ 219	$ 124	$ 192	$ 197
Insurance Activity:
Benefits paid	$ 1	$ 1	$ 1	$ 1	$ 1	$ 1	$ 1	$ 2	$ 2	$ 2
Participants receiving monthly benefits from PBGC at end of year	390	460	510	620	730	850	1,000	1,100	1,300	1,400
Plans receiving financial assistance from PBGC	24	23	22	21	21	18	14	12	9	8