Losses From Completed And Probable Terminations Single-Employer Program

(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

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