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2010 Annual Report
United States Postal Service
1
Table of Contents
2
Financial Highlights
4
The Foundation For Our Future: Letter from the PostmasterGeneral and CEO, and the Chairman of the Board of Governors
6
Foundation For The Future
7
Overview of the 10-year Plan
8
Progress Against the Plan: Our Checklist
9
Retiree Health Benefits Prefunding
10
Delivery Frequency
11
Expand Access
12
Workforce
13
Pricing
14
Expand Products and Services
15
Oversight
16
The Board of Governors
18
The Executive Committee
20
Message from the Audit and Finance Committee
22
Message from the Chief Financial Officer and Executive Vice President
24
Stamps By Design: The 2011 Commemorative Stamp Program
28
Introduction to the Financial Section
29
Business
33
Risk Factors
37
Properties
38
Management’s Discussion and Analysis of Financial Conditions andResults of Operation
60
Controls and Procedures
61
Report of Independent Registered Public Accounting Firm
63
Financial Statements
68
Notes to the Financial Statements
81
Operating Statistics
85
Financial History Summary
86
Selected Quarterly Financial Data
87
Glossary
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