DIF Balance Sheet - Fourth Quarter 2021
| Balance Sheet | |||||
|---|---|---|---|---|---|
| Dec-21 | Sep-21 | Quarterly Change | Dec-20 | Year-Over-Year Change | Cash and cash equivalents | $5,563 | $3,944 | $1,619 | $3,311 | $2,252 | Investment in U.S. Treasury securities | 114,551 | 114,705 | (154) | 110,464 | 4,087 |
| Assessments receivable | 1,711 | 1,676 | 35 | 1,949 | (238) |
| Interest receivable on investments and other assets, net | 718 | 998 | (280) | 1,159 | (441) |
| Receivables from resolutions, net | 885 | 903 | (18) | 1,367 | (482) |
| Property and equipment | 327 | 323 | 4 | 321 | 6 |
| Operating lease right-of-use assets | 85 | 93 | (8) | 112 | (27) |
| Total Assets | $123,840 | $122,642 | $1,198 | $118,683 | $5,157 |
| Accounts payable and other liabilities | 255 | 259 | (4) | 251 | 4 |
| Operating lease liabilities | 91 | 99 | (8) | 119 | (28) |
| Liabilities due to resolutions | 0 | 1 | (1) | 1 | (1) |
| Postretirement benefit liability | 332 | 336 | (4) | 336 | (4) |
| Contingent liability for anticipated failures | 21 | 12 | 9 | 79 | (58) |
| Contingent liability for litigation losses | 0 | 0 | 0 | 0 | 0 |
| Total Liabilities | $699 | $707 | ($8) | $786 | ($87) |
| FYI: Unrealized gain (loss) on U.S. Treasury securities, net | (149) | 387 | (536) | 1,070 | (1,219) |
| FYI: Unrealized postretirement benefit (loss) gain | (83) | (98) | 15 | (98) | 15 |
| Fund Balance | $123,141 | $121,935 | $1,206 | $117,897 | $5,244 |
| Assessments | Earnings on U.S. Treasury Securities | Operating Expenses | Negative Provision for Insurance Losses | Comprehensive Income | |
|---|---|---|---|---|---|
| 2017 | $10.6 | $0.6 | ($1.7) | $0.2 | $9.6 |
| 2018 | $9.5 | $1.5 | ($1.8) | $0.6 | $9.9 |
| 2019 | $4.9 | $3.3 | ($1.8) | $1.3 | $7.7 |
| 2020 | $7.1 | $2.2 | ($1.8) | $0.2 | $7.5 |
| 2021 | $7.1 | ($0.3) | ($1.8) | $0.1 | $5.2 |
The DIF’s comprehensive income totaled $5.2 billion for 2021 compared to comprehensive income of $7.5 billion during 2020. The year-over-year decrease in comprehensive income of $2.3 billion was primarily driven by a decrease in interest and market value adjustments on U.S.Treasury securities of $2.4 billion.