US Postal Service 2012 Annual Report Download - page 81
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2012 Report on Form 10-K United States Postal Service- 80 -
BALANCE SHEETS — LIABILITIES AND NET DEFICIENCY
(Dollars in millions)
Current Liabilities
Compensation and benefits $ 1,856 $ 2,390
Retiree health benefits 11,205 7
W orkers' compensation 1,337 1,255
Payables and accrued expenses:
Trade payables and accrued expenses 1,159 1,041
Foreign countries 583 652
U.S. Government 93 119
Total payables and accrued expenses 1,835 1,812
Deferred revenue-prepaid postage 4,014 3,497
Customer deposit accounts 1,210 1,386
Outstanding postal money orders 677 688
Prepaid box rent and other deferred revenue 475 502
Debt 9,500 7,500
Total Current Liabilities 32,109 19,037
Noncurrent Liabilities
W orkers' compensation costs 16,230 13,887
Employees' accumulated leave 1,855 2,030
Deferred appropriation and other revenue 194 326
Long-term portion capital lease obligations 410 460
Deferred gains on sales of property 313 345
Contingent liabilities and other 846 768
Debt 5,500 5,500
Total Noncurrent Liabilities 25,348 23,316
Total Liabilities 57,457 42,353
Net Deficiency
Capital contributions of the U.S. government 3,132 3,132
Deficit since 1971 reorganization (37,978) (22,072)
Total Net Deficiency (34,846) (18,940)
Total Liabilities and Net Deficiency $22,611 $23,413
See accompanying notes to the financial statements
2012 2011
September 30,