US Postal Service 2009 Annual Report Download - page 65

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2009 Annual Report United States Postal Service | 63
Balance Sheets — Liabilities and Net (Defi ciency) Capital
(dollars in millions)
September 30,
Liabilities and Net (Defi ciency) Capital 2009 2008
Current Liabilities:
Compensation and benefi ts $ 3,673 $ 3,466
Payables and accrued expenses:
Trade payables and accrued expenses 1,203 1,246
Foreign countries 470 435
U.S. government 207 85
Total payables and accrued expenses 1,880 1,766
Customer deposit accounts 1,347 1,449
Deferred revenue-prepaid postage 2,445 1,689
Outstanding postal money orders 640 698
Prepaid box rent and other deferred revenue 461 461
Debt 3,675 7,200
Total Current Liabilities 14,121 16,729
Noncurrent Liabilities:
Workers' compensation costs 9,064 7,003
Employees' accumulated leave 2,225 2,208
Deferred appropriation and other revenue 457 525
Long-term portion capital lease obligations 544 587
Deferred gains on sales of property 305 312
Contingent liabilities and other 290 294
Long-term portion notes payable 6,525 —
Total Noncurrent Liabilities 19,410 10,929
Total Liabilities 33,531 27,658
Net (Defi ciency) Capital
Capital contributions of the U.S. government 3,087 3,034
Defi cit since 1971 reorganization (8,500) (4,706)
Total Net (Defi ciency) Capital (5,413) (1,672)
Total Liabilities and Net (Defi ciency) Capital $ 28,118 $ 25,986
See accompanying notes to the fi nancial statements.