(Dollars in millions) | New Terminations For the year ending September 30, 2004 | Changes in Prior Year Terminations For the year ending September 30, 2004 | Total For the year ending September 30, 2004 | New Terminations For the year ending September 30, 2003 | Changes in Prior Year Terminations For the year ending September 30, 2003 | Total For the year ending September 30, 2004 |
---|---|---|---|---|---|---|
Present value of future benefits | $ 6,926 | $ (427) | $ 6,499 | $ 13,428 | $ 9 | $ 13,437 |
Less plan assets | $ 3,137 | $ 125 | $ 3,262 | $ 6,963 | $ (79) | $ 6,884 |
Plan asset insufficiency | $ 3,789 | $ (552) | $ 3,237 | $ 6,465 | $ 88 | $ 6,553 |
Less estimated recoveries | $ 280 | $ 11 | $ 291 | $ 61 | $ (3) | $ 58 |
Subtotal | $ 3,509 | $ (563) | $ 2,946 | $ 6.404 | $ 91 | $ 6,495 |
Settlements and judgments | $ 1 | $ (3) | ||||
Loss (credit) on probables | $ 11,760 (see note 4) | $ (1,115) (see note 4) | ||||
Total | $ 14,707 | $ 5,377 |
Back to Annual Report Index | Back to WWW.PBGC.GOV | PDF version of PBGC's 2004 Annual Report