| (Dollars in millions) | Single-Employer Program | Multiemployer Program | Memorandum Total | |||
|---|---|---|---|---|---|---|
| September 30, 2005 | September 30, 2004 | September 30, 2005 | September 30, 2004 | September 30, 2005 | September 30, 2004 | |
| Net income (loss) | $ 529 |
$(12,067) |
$(99) |
$25 |
$ 430 |
$(12,042) |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||
| Net (appreciation) decline in fair value of investments | (2,481) |
(2,160) |
(26) |
(3) |
(2,507) |
(2,163) |
| Net gain of terminated plans pending trusteeship | 46 |
(84) |
0 |
0 |
46 |
(84) |
| Losses on completed and probable terminations | 3,954 |
14,707 |
0 |
0 |
3,954 |
14,707 |
| Actuarial charges | 490 |
1,787 |
0 |
1 |
490 |
1,788 |
| Benefit payments - trusteed plans | (3,301) |
(2,888) |
(1) |
(1) |
(3,302) |
(2,889) |
| Settlements and judgments | (5) |
(7) |
0 |
0 |
(5) |
(7) |
| Cash received from plans upon trusteeship | 218 |
51 |
0 |
0 |
218 |
51 |
| Receipts from sponsors/non-sponsors | 216 |
84 |
0 |
0 |
216 |
84 |
| Amortization of discounts/premiums | 128 |
128 |
11 |
11 |
139 |
139 |
| Changes in assets and liabilities, net of effects of trusteed and pending plans: | ||||||
| (Increase) decrease in receivables | 31 |
(311) |
0 |
3 |
31 |
(308) |
| Increase in present value of nonrecoverable future financial assistance |
|
|
190 |
45 |
190 |
45 |
| Increase in unearned premiums | (13) |
16 |
0 |
0 |
(13) |
16 |
| Increase in accounts payable | (1) |
12 |
0 |
0 |
(1) |
12 |
| Net cash provided (used) by operating activities | $ (189) |
$ (732) |
$ 75 |
$81 |
$ (114) |
$ (651) |
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