Department Of Defense Agency Financial Report 2007 - Section 2: Financial Information Page 53
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82Section 2: Financial Information
Department of Defense Agency Financial Report 2007
5
The majority of the debt represents direct and guaranteed loans to foreign governments. Before 1992, funds were borrowed
from the Federal Financing Bank to either directly loan the funds to foreign governments or to reimburse defaulted
guaranteed loans. Beginning in 1992, the Department began borrowing funds for the Foreign Military Account Program from
the U.S. Treasury, in accordance with the Federal Credit Reform Act of 1990, which governs all direct loan obligations and
loan guarantee commitments made after FY 1991.
The Department must pay the debt on direct loans if borrowers (e.g. foreign governments, county or city governments, ship
owners, or housing builders) default. For loan guarantees, the Department must pay the amount of outstanding principal
guaranteed.
Note 14. Environmental and Disposal Liabilities
As of September 30
2007
2006
(amounts in millions)
Current Liability
Noncurrent Liability
Total
Total
Environmental Liabilities—Nonfederal
Accrued Environmental Restoration Liabilities
Active Installations—Installation Restoration Program (IRP) and
Building Demolition and Debris Removal (BD/DR)
$
1,179.5
$
7,958.3
$
9,137.8
$
9,084.8
Active Installations—Military Munitions Response Program (MMRP)
130.2
5,274.5
5,404.7
5,396.5
Formerly Used Defense Sites—IRP and BD/DR
151.5
3,662.5
3,814.0
4,169.5
Formerly Used Defense Sites--MMRP
89.2
14,607.6
14,696.8
14,797.3
Other Accrued Environmental Liabilities—Active Installations
Environmental Corrective Action
50.3
868.1
918.4
727.4
Environmental Closure Requirements
7.1
1,017.7
1,024.8
409.4
Environmental Response at Operational Ranges
35.1
174.5
209.6
305.0
Other
149.2
593.7
742.9
781.4
Base Realignment and Closure (BRAC)
Installation Restoration Program
673.0
3,279.2
3,952.2
2,882.5
Military Munitions Response Program
35.6
993.1
1,028.7
913.2
Environmental Corrective Action / Closure Requirements
38.0
125.3
163.3
181.2
Other
0.0
0.0
0.0
149.2
Environmental Disposal for Weapons Systems Programs
Nuclear Powered Aircraft Carriers
0.0
5,665.8
5,665.8
5,604.3
Nuclear Powered Submarines
484.0
3,202.4
3,686.4
3,377.7
Other Nuclear Powered Ships
226.9
66.5
293.4
277.2
Other National Defense Weapons Systems
0.8
204.3
205.1
233.8
Chemical Weapons Disposal Program
1,458.4
16,850.2
18,308.6
17,457.3
Other
0.0
3,237.4
3,237.4
3,237.4
Total Environmental Liabilities
$
4,708.8
$
67,781.1
$
72,489.9
$
69,985.1
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