US Postal Service 2011 Annual Report Download - page 67

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2011 Report on Form 10-K United States Postal Service - 65 -
BALANCE SHEETS — LIABILITIES
AND NET DEFICIENCY
(Dollars in millions)
C urren t Liabilities
Comp ensation an d benefits $ 2,338 $ 2,9 24
Retiree health benefits 7 -
W orkers' com pensation 1,255 1,115
Pa yables and accrued expenses :
Trade paya bles and accrue d expenses 1,041 1,311
Foreign countries 652 5 86
U.S. governm ent 119 1 36
Total pa yables a nd ac crued expenses 1,812 2,033
Deferred revenue-prepa id pos tage 3,497 2,584
Custom er depos it accounts 1,386 1,429
Outstanding p ostal money orders 688 6 39
Prepaid box rent an d othe r deferred revenue 502 4 52
Debt 7,500 7,500
Total Cu rrent Liabilities 18,985 18,676
N oncurrent Lia bilities
W orkers' com pensation costs 13,887 11,474
Em ployees' accu mu lated lea ve 2,082 2,0 88
Deferred appropriation a nd other revenue 326 3 92
Long-term portion capital leas e obliga tions 460 5 12
Deferred gains on sales of p roperty 345 3 09
Continge nt liabilities and other 768 2 48
Debt 5,500 4,500
Total No ncurrent L iabilities 23,368 19,523
Total Liabilities 42,353 38,199
N et Deficie ncy
Capital contribu tions of the U.S. governme nt 3,132 3,132
Deficit since 1971 reorganization (22,072) (17,005)
Total Net Deficienc y (18,940) (13,873)
Total Liabilities and Net Deficienc y $23,413 $24,3 26
See accompanying notes to the financial statem ents
2011 2010
Septem ber 30,