Foreign Sales Corporations/IC-DISC'S 1996[526]

Interest-Charge Domestic International Sales Corporations, 1996 T Data Release tional tax that would have resulted from the inclusion of the IC-DISC’ income on their tax returns. This s interest charge is determined using a compounded annual rate of interest equivalent to the average investment yield of U.S. Treasury bills with 52-week maturities [3]. IC-DISC taxable income that does not qualify for tax deferral is “deemed” distributed to shareholders as a dividend in the tax year in which it is earned, regardless of whether the income is actually distributed to shareholders or retained by the IC-DISC. Types of income that are not eligible for tax deferral include: taxable income derived from excess qualified export receipts; certain gains from the sale or exchange of assets; one-half of IC-DISC taxable income attributable to the sale or exchange of military property; “international boycott income”; illegal bribes and kickbacks; and foreign investment attributable to “producer’ loans.” Excess qualified export receipts s are gross receipts in excess of $10 million, a limitation that was intended to restrict IC-DISC activity to smaller businesses. here were 773 active Interest-Charge Domestic International Sales Corporation (IC-DISC) returns filed for Tax Year 1996, a 21-percent decrease from the 980 returns filed for Tax Year 1991 (the last year for which similar statistics were compiled) [1]. However, IC-DISC export gross receipts increased 30 percent (in current dollars) over the same time period, from $3.5 billion to $4.6 billion (Figure A). Tax-deferred IC-DISC income reported to shareholders increased slightly from $0.53 billion to $0.54 billion, while actual distributions to shareholders increased 124 percent, from $0.1 billion to $0.3 billion. Background The IC-DISC entity was created by the Deficit Reduction Act of 1984. Parent shareholders, mostly corporations, form an IC-DISC by filing Form 4876-A, Election to be Treated as an Interest-Charge DISC [2]. This election is considered to be in effect as long as the IC-DISC meets the following requirements: (1) at least 95 percent of the IC-DISC’ total s receipts are “qualified export receipts”; and (2) at least 95 percent of the adjusted basis of the ICDISC’ total assets are “qualified assets.” An s IC-DISC is also generally required to have only one class of stock, conform its tax year to that of the principal shareholder, and maintain separate books and records. Figure B presents the majority ownership of active IC-DISC’ by entity type of s shareholder for Tax Year 1996. Certain types and amounts of IC-DISC income are subject to tax-deferral; the IC-DISC entity itself is not taxed. Instead, IC-DISC shareholders are taxed when the income is either actually distributed or “deemed” distributed. The IC-DISC is required to: (1) calculate the tax-deferred portion of its “taxable income” each year; (2) accumulate the taxdeferred income for the current tax year and prior tax years in a separate account; and (3) report the total accumulated amount of tax-deferred income to its shareholders each year. The IC-DISC shareholders must then pay an interest charge on any addi- IC-DISC Income and Distributions For Tax Year 1996, IC-DISC’ reported $320.8 s million of taxable income, a 44-percent increase from 1991. The portion of IC-DISC taxable income attributable to “excess qualified export receipts” was $146.4 million, a 280-percent increase over the $38.6 million reported for 1991. A total of $165.7 million was “deemed” distributed for Tax Year 1996, $111.7 million more than for Tax Year 1991. After the subtraction of “deemed” and actual distributions (if any) to IC-DISC shareholders, the income remaining is considered to be tax-deferred and is reported to shareholders on Schedule K, Shareholder’ Statement of IC-DISC Distribus tions. Accumulated tax-deferred IC-DISC income reported to shareholders increased from $530 million for Tax Year 1991 to $537 million for Tax Year 1996 (Figure A). Distribution of IC-DISC’ by Product or Service s Group Figure C presents distributions of active IC-DISC’ s by principal product or service group for Tax Years 1987, 1991, and 1996. For Tax Year 1996, about 90 percent of all active IC-DISC returns reported the export of manufactured products as their principal 191 This data release was written by Cynthia Belmonte, an economist with the Special Studies Returns Analysis Section, under the direction of Chris Carson, Chief. Interest-Charge Domestic International Sales Corporations, 1996 Figure A Interest-Charge Domestic International Sales Corporations: Selected Items for Tax Years 1987, 1991, and 1996 [Money amounts are in thousands of dollars] Current dollars Percentage Item 1987 1991 1996 change, 1991-1996 (1) (2) (3) 773 909,628 896,013 77,352 209,757 (4) -21.1 -6.4 -7.1 3.0 -8.0 (5) -801,857 792,346 40,846 280,208 1987 Constant dollars 1 Percentage 1991 1996 change, 1991-1996 (6) -713,747 707,867 55,157 167,439 1,239,687 26,564 908,365 171,199 131,666 160,123 163,795 -3,671 163,245 28,313 126,160 39,651 388,969 105,485 2,837,217 2,564,988 272,230 (7) -579,750 571,073 49,300 133,688 960,288 940,831 14,521 650,189 106,966 73,709 203,133 205,229 2,096 204,488 93,308 104,121 104,949 105,595 342,024 205,164 2,918,400 2,904,021 14,380 (8) --18.8 -19.3 -10.6 -20.2 -22.5 -21.5 -45.3 -28.4 -37.5 -44.0 26.9 25.3 -42.9 25.3 229.6 -18.5 -16.8 166.3 -12.1 94.5 2.9 13.2 -94.7 Number of returns.................................................................................................................... 1,185 980 Total assets.................................................................................................................... 910,910 972,124 Qualified assets.................................................................................................................... 900,105 964,115 Export property… … ........................................................................ 46,401 75,124 Total liabilities.................................................................................................................... 318,316 228,052 Total qualified export receipts and nonqualified receipts.................................................................................................................... 1,829,245 1,688,454 1,506,692 -10.8 1,610,251 Other qualified export receipts.................................................................................................................... 145,354 36,180 22,784 Cost of sales and operations.................................................................................................................... 1,248,988 1,237,193 1,020,147 Export promotion expenses.................................................................................................................... 250,079 179,329 115,650 Net income (less deficit).................................................................................................................... 256,752 218,088 318,716 Net income.................................................................................................................... 260,250 223,089 Deficit.................................................................................................................... 3,498 5,000 Taxable income.................................................................................................................... 258,130 222,340 322,004 3,288 320,841 -37.0 -17.5 -35.5 46.1 44.3 -34.2 44.3 127,952 1,099,461 284,776 220,140 226,014 229,093 3,079 227,227 Qualified export receipts from the sale of export property.................................................................................................................... 1,199,220 1,673,285 1,633,338 1,476,164 -9.6 1,472,962 Total export promotion and other expenses.................................................................................................................... 323,505 233,173 167,830 -28.0 Portion attributable to excess qualified export receipts.................................................................................................................... 33,992 38,562 146,400 279.6 29,923 Current-year tax-deferred income.................................................................................................................... 209,556 171,830 164,665 -4.2 206.8 124.1 18.5 30.4 -93.9 184,468 43,035 81,741 3,625,875 3,188,913 436,962 Adjusted IC-DISC income subject to tax-deferral computation.................................................................................................................... 217,343 173,911 163,366 -6.1 191,323 127,688 192 Total amount deemed distributed.................................................................................................................... 48,888 54,004 165,679 Actual distributions to shareholders.................................................................................................................... 92,858 143,670 321,903 Current-year export gross receipts of IC-DISC's and related U.S. persons.................................................................................................................... 4,118,994 3,864,290 4,578,970 IC-DISC's.................................................................................................................... 3,622,605 3,493,513 1 Tax-deferred IC-DISC income reported to shareholders.................................................................................................................... 267,322 529,776 536,636 1.3 235,319 4,556,409 Related U.S. persons....................................................................................................................22,562 496,389 370,777 Constant dollars were calculated using the U.S. Bureau of Labor Statistics' consumer price index for urban consumers (CPI-U, 1982-84=100): Year 1996 1991 CPI-U 156.9 136.2 1987 113.6 NOTES: Detail may not add to totals because of rounding. Data for Tax Years 1987 and 1991 are presented in the Statistics of Income Bulletin , Summer 1995, Volume 15, Number 1. product or service, a proportion which was comparable to the figures for Tax Years 1987 and 1991. The two most frequently reported export product groups were electrical machinery, equipment, and supplies; and non-electrical machinery, which together comprised 32 percent of all active IC-DISC returns for Tax Year 1996. Other predominant product groups included fabricated metal products, other than ordnance and accessories; miscellaneous manufactured products; and transportation equipment. 192 Although only 6 percent of all active IC-DISC’ for s Tax Year 1996 reported chemicals and allied products as their principal export product, these IC-DISC’ were s responsible for 24 percent of total export gross receipts, 31 percent of taxable income, and 57 percent of taxable income attributable to excess qualified export receipts. Further, just over half (51 percent) of total “deemed” distributions and 43 percent of actual distributions were accounted for by IC-DISC’ s in the chemicals and allied products industry. Interest-Charge Domestic International Sales Corporations, 1996 Figure B Interest-Charge Domestic International Sales Corporations, by Type of Majority Shareholder, Tax Year 1996 Corporations, except S corporations 45% Individuals, partnerships, trusts, estates, or S corporations 43% and the remaining 5 percent reported total assets over $5 million. However, the majority of activity can be attributed to those IC-DISC’ with total s assets in the $1-million-under-$5-million range. ICDISC’ in this asset class were responsible for 52 s percent of taxable income, 65 percent of taxable income attributable to excess qualified export receipts, 64 percent of total deemed distributions, 56 percent of total actual distributions, and 49 percent of total export gross receipts. Explanation of Selected Terms 773 returns Actual Distributions to Shareholders.— Distributions from the IC-DISC’ “earnings and profits” s actually paid to shareholders of the IC-DISC. Figure C No majority shareholder ¹ 12% ¹ Also includes a few IC-DISC returns for which type of majority shareholder could not be determined. NOTE: Detail may not add to totals because of rounding. Interest-Charge Domestic International Sales Corporation Returns, by Major Product or Service Group, Tax Years 1987, 1991, and 1996 Number of returns Major product or service group 1987 1991 1996 All products and services.................................................................................................................... 1,185 980 773 Manufactured products.................................................................................................................... 1,085 892 695 Ordnance and accessories....................................................................... 3 -Food and kindred products....................................................................... 51 38 ** 28 14 About 59 percent of active IC-DISC’ reporting s export of nonmanufactured products and services were concentrated in the agricultural industries, particularly grains and soybeans and other crops. For Tax Year 1996, two new product or service groups reported by IC-DISC’ were motion picture distribus tion and engineering and architectural services. ICDISC assets, receipts (including total export gross receipts of IC-DISC’ and related U.S. persons), s deductions, income, and distributions, classified by product or service group, are presented in Table 1. Textile mill products....................................................................... 36 33 Apparel and other finished goods....................................................................... 12 14 10 Lumber and wood products, except furniture....................................................................... 21 36 30 Furniture and fixtures....................................................................... 13 10 Paper and allied products....................................................................... 18 25 7 19 Printing, publishing, and allied products....................................................................... 17 14 6 Chemicals and allied products....................................................................... 46 69 48 Petroleum refining and related products....................................................................... 5 7 3 Rubber and miscellaneous plastics products....................................................................... 17 14 13 Leather and leather products....................................................................... 7 9 7 Stone, clay, glass, and concrete products....................................................................... 8 5 6 Primary metal products....................................................................... 55 31 Fabricated metal products, other than ordnance, machinery, and transportation equipment....................................................................... 78 83 65 Machinery, other than electrical....................................................................... 169 129 123 Electrical machinery, equipment, and supplies....................................................................... 209 169 125 Transportation equipment....................................................................... 73 68 Professional, scientific, and controlling instruments....................................................................... 138 72 44 Miscellaneous manufactured products....................................................................... 110 65 **65 63 20 Data by Size of Total Assets Figure D presents selected Tax Year 1996 IC-DISC statistics, classified by size of total IC-DISC assets. Of the total 773 active IC-DISC returns for Tax Year 1996, there were 737 IC-DISC’ with reported s total assets under $5 million. Further analysis shows that 70 percent of active IC-DISC returns reported total assets under $1 million, about 25 percent reported total assets between $1million and $5 million, Nonmanufactured products and services............................................................................................... 100 72 71 Product or service not allocable.............................................................................................................. -16 7 ** Data combined to prevent disclosure of information for specific taxpayers. NOTES: Detail may not add to totals because of rounding. Data for Tax Years 1987 and 1991 are presented in the Statistics of Income Bulletin , Summer 1995, Volume 15, Number 1. 193 Interest-Charge Domestic International Sales Corporations, 1996 Figure D Interest-Charge Domestic International Sales Corporations: Selected Items, by Size of Total Assets, Tax Year 1996 [Money amounts are in thousands of dollars, and size of total assets is in whole dollars] Size of total assets Zero under $1,000,000 Amount (1) Number of returns............................................................................... 773 (2) 542 154,411 96,236 Percent of total (3) 70.1 17.0 23.7 30.0 (4) 195 427,154 658,986 166,982 $1,000,000 under $5,000,000 Amount Percent of total (5) 25.2 47.0 43.7 52.0 65.2 40.2 38.4 64.3 51.0 56.2 49.3 (6) 26 180,344 239,641 33,610 12,196 19,054 18,640 14,971 100,026 13,108 382,893 $5,000,000 under $10,000,000 Amount Percent of total (7) 3.4 19.8 15.9 10.5 8.3 11.7 11.3 9.0 18.6 4.1 8.4 (8) 10 147,718 251,151 24,012 13,727 10,103 9,935 14,161 54,063 9,677 284,883 $10,000,000 and over Amount Percent of total (9) 1.3 16.2 16.7 7.5 9.4 6.2 6.0 8.5 10.1 3.0 6.2 Item All returns Total assets… … ................................................................................ 909,628 Taxable income............................................................................... 320,841 Total qualified and nonqualified receipts............................................................................... 1,506,692 356,915 Portion attributable to excess qualified export receipts............................................................................... 146,400 25,064 17.1 95,413 Adjusted IC-DISC income subject to tax-deferral computation............................................................................... 163,366 68,465 41.9 65,744 Current-year tax-deferred income............................................................................... 164,665 72,811 Total amount deemed distributed............................................................................... 165,679 29,952 Actual distributions to shareholders............................................................................... 321,903 118,190 Current-year export gross receipts of IC-DISC's and related U.S. persons............................................................................... 4,578,970 1,652,698 NOTE: Detail may not add to totals because of rounding. 44.2 18.1 36.7 63,279 106,596 180,926 Tax-deferred IC-DISC income reported to shareholders............................................................................... 536,636 109,056 20.3 273,490 36.1 2,258,497 194 194 Adjusted IC-DISC Income Subject to Deferral Computation.— This represented the IC-DISC’ s taxable income after subtracting certain amounts not eligible for tax deferral (e.g., amounts deemed distributed). For Tax Year 1996, adjusted IC-DISC income subject to the tax deferral computation equaled ICDISC taxable income minus the sum of: (1) gross interest from “producer’ loans”; (2) certain gains s from the sale or exchange of assets; (3) one-half of IC-DISC taxable income attributable to military property; and (4) IC-DISC taxable income attributable to “export gross receipts” in excess of $10 million. Amounts Deemed Distributed.— This was the portion of the IC-DISC’ “earnings and profits” that s was not eligible for tax deferral and, hence, was characterized as a fully taxable dividend to the ICDISC shareholder(s). For Tax Year 1996, amounts deemed distributed equaled the sum of: (1) gross interest from “producer’ loans”; (2) certain gains s from the sale or exchange of assets; (3) one-half of IC-DISC taxable income attributable to military property; (4) IC-DISC taxable income attributable to “export gross receipts” in excess of $10 million; (5) international boycott income; (6) illegal bribes and kickbacks; and (7) the amount of foreign investment attributable to producer’ loans. In addition, for all s shareholders that are C corporations, one-seventeenth of the adjusted IC-DISC income subject to deferral was to be reported as a deemed distribution [4]. Current-Year Tax-Deferred Income.— This amount represented the IC-DISC’ taxable income s after all current year taxable income amounts deemed distributed under Internal Revenue Code section 995(b)(1) were subtracted. Export Gross Receipts.— Export gross receipts of the IC-DISC represented “qualified export receipts” from: (1) the sale, lease, or rental of export property; (2) services related and subsidiary to any qualified sale, lease, or rental of export property; (3) engineering or architectural services for construction projects located outside the United States; and (4) export management services provided to other unrelated IC-DISC’ to aid in promoting qualified export s receipts. For IC-DISC’ that acted as commission s agents, export gross receipts included the total receipts on which the commission was earned, as well as the commission. Export gross receipts do not include passive income (dividends, interest, or capital Interest-Charge Domestic International Sales Corporations, 1996 or ordinary gains on sale of business property) received by IC-DISC’ s. Export Promotion Expenses.— These were expenses (excluding income taxes) incurred by an IC-DISC to advance the sale, lease, or other distribution of export property for use, consumption, or distribution outside the United States. Export Property.— The IC-DISC’ export s property was inventory and property held for sale or lease which: (1) had been made, manufactured, produced, grown, or extracted in the United States by a “person” other than an IC-DISC; (2) was held primarily for sale or lease in the ordinary course of business for direct use, consumption, or disposition outside the United States; and (3) had, at the time of sale or lease by the IC-DISC, not more than 50 percent of its fair market value attributable to imported articles. IC-DISC Taxable Income.— This was the ICDISC’ net income minus statutory special deducs tions (i.e., the “net operating loss deduction” and the dividends-received deduction). IC-DISC taxable income is computed to determine: (1) the IC-DISC’ s “earnings and profits” considered “deemed distributed” to IC-DISC shareholders for the current tax year; and (2) the interest charge on tax that would have been imposed on IC-DISC income had it not been subject to deferral. Producer’ Loans.— This qualified asset geners ally consisted of loans made from the IC-DISC’ s accumulated tax-deferred income to its parent company or any other U.S. person engaged in manufacturing, producing, growing, or extracting export property. A producer’ loan must have been designated s as such, have been evidenced by a note, have had a stated maturity not to exceed 5 years, and have been attributed to assets used in export production. If a producer’ loan was renewed, it had to be requalified s at the time of renewal. A producer’ loan did not s have to be traced to a specific investment by the domestic borrower, but was subject to certain limitations to assure that it did not exceed the investment in assets that could have been attributable to production for export. Qualified Assets.— Qualified export assets included: (1) export property; (2) assets used in performing engineering or architectural services; (3) accounts receivable attributable to export transactions; (4) working capital; (5) producer’ loan obligas tions; (6) certain stocks or securities held by the ICDISC; (7) certain obligations issued or insured by the U.S. Export-Import Bank or the Foreign Credit Insurance Association; and (8) certain other deposits. Qualified Export Receipts.— See Export Gross Receipts. Related U.S. Persons.— IC-DISC-related U.S. persons were: (1) individuals who were citizens or residents of the United States and controlled the ICDISC; (2) domestic partnerships, estates, or trusts that controlled the IC-DISC; (3) domestic corporations that controlled the IC-DISC; and (4) domestic corporations that were controlled by the same person(s) that controlled the IC-DISC. Control meant direct or indirect ownership of more than 50 percent of the voting power of the stock entitled to vote in an IC-DISC or other domestic corporation. Under the stock attribution rules of Internal Revenue Code section 267(c), stock held by related family members is considered to be held as if the family is one shareholder. Tax-Deferred IC-DISC Income Reported to Shareholders.— This amount was reported on Form 1120-IC-DISC, Schedule K, Shareholders’ Statement of IC-DISC Distributions. An interest charge on the tax that would otherwise have been paid currently on this income amount was computed by IC-DISC shareholders on Form 8404, Computation of Interest Charge on DISC-Related Deferred Tax Liability. Total Qualified Export Receipts and Nonqualified Receipts.— This sum was used as the starting point for the computation of the IC-DISC’ s net and taxable incomes. For IC-DISC’ that acted s as commission agents, total qualified export receipts and nonqualified receipts exclude the total receipts upon which the commission was earned, and therefore represent only the commission amounts. Total qualified export receipts and nonqualified receipts include passive income (dividends, interest, capital or ordinary gains) amounts received by IC-DISC’ ICs. DISC passive income amounts may be characterized as either qualified export receipts or nonqualified gross receipts. Data Sources and Limitations The statistics in this data release were compiled from Form 1120 IC-DISC returns with accounting periods ending between July 1996 and June 1997 and filed during Calendar Years 1996, 1997, or 1998. The 195 Interest-Charge Domestic International Sales Corporations, 1996 196 data presented exclude “inactive” IC-DISC returns. An IC-DISC is considered to be inactive if no receipts, deductions, income, or distributions were reported on the return. The Tax Year 1996 IC-DISC study was designed to include the entire population of IC-DISC returns; however, certain returns were unavailable for the statistics. The complete 1996 IC-DISC study file included 726 returns, adjusted to reflect an estimated population of approximately 836 active and inactive returns. Because the data were based on all available returns, sampling error was not a limitation. With regard to nonsampling error, some of the data were inconsistently reported by taxpayers. Where possible, such inconsistencies were resolved to reflect provisions of the Internal Revenue Code and taxpayer intentions. The products and services classification system used in the 1996 IC-DISC study was generally based on Internal Revenue Service instructions provided to the taxpayer for completion of Schedule N, Export Gross Receipts of the IC-DISC and Related U.S. Persons. Products and services reported by a taxpayer on each specific return were reviewed for consistency with product information provided in supporting schedules and other taxpayer attachments and with the principal business activity described on the return. For example, a return was reviewed if the taxpayer indicated engineering services on Schedule N despite the absence of any “engineering and architectural services income” on Schedule B, Gross Income. In addition, products and services reported by taxpayers on specific returns were reviewed for consistency with the major products and services group classification. Certain business activities, such as manufacturing, are not applicable to an IC-DISC. Therefore, an IC-DISC return reporting the manufacture of farm machinery equipment as the principal business activity would have been reviewed to ascertain if a more appropriate principal business activity was the wholesaling of farm machinery and equipment. For purposes of this data release, data classified by product or service were compiled using the ICDISC’ largest grossing export product (in terms of s gross receipts), without regard to any entry for the IC-DISC’ second largest product or service res ported on Schedule N. To this extent, the industry statistics contained in this data release may be slightly overstated for certain industries and slightly understated for others. Notes and References [1] For additional information about IC-DISC’ for s Tax Year 1991, see Holik, Daniel S., “InterestCharge Domestic International Sales Corporations, 1991,” Statistics of Income Bulletin, Summer 1995, Volume 15, Number 1, pp. 46-57. [2] Owners of an IC-DISC are referred to as “shareholders,” since not all IC-DISC’ are s owned by other corporations. Individuals, partnerships, trusts, or estates could also own IC-DISC’ s. [3] The interest charge is computed by IC-DISC shareholders on Form 8404, Computation of Interest Charge on DISC-Related Deferred Tax Liability. For example, for Tax Year 1996, the interest-charge to an IC-DISC shareholder filing a full calendar year return was calculated using an interest charge of approximately 5.65 percent. (See Revenue Ruling 96-55, Internal Revenue Bulletin, Number 1996-49, pp. 4-6, Dec. 2, 1996.) [4] See Internal Revenue Code section 995(b) for additional information regarding deemed distributions. SOURCE: IRS, Statistics of Income Bulletin, Fall 2000, Publication 1136 (Rev. 11-2000) 196 Interest-Charge Domestic International Sales Corporations, 1996 Table 1.--Assets, Receipts, Deductions, Income, and Distributions of Interest-Charge Domestic International Sales Corporation Returns, by Major Product or Service [All figures are estimates based on samples--money amounts are in thousands of dollars] Assets Number Major product or service of returns (1) All products and services...................................................................... 773 (2) 909,628 Total Total (3) 896,013 61,126 Qualified assets Export property (4) 77,352 5,197 398 ---Total liabilities (5) 209,757 17,815 1,220 --184 -191,761 3,515 1,742 385 4,319 1,357 142 253 19 3,288 9 7 3 10,419 8,468 4,909 15,167 Export receipts Total qualified Qualified export and nonqualified receipts (6) 1,506,692 118,354 13,667 98,998 410 1,270 112 637 3,261 1,386,643 37,446 11,841 377 8,948 16,280 20,427 20,415 9,456 10,959 96,317 15,210 1,133 79,974 3,408 151 3,257 38,422 35,495 2,926 10,541 186,483 38,697 32,100 87,778 27,909 5,487 14,547 3,572 10,975 receipts from sale of export property (7) 1,476,164 114,994 12,430 98,189 368 1,248 95 585 2,080 1,359,475 36,754 11,801 377 8,634 15,942 19,361 20,254 9,386 10,867 95,736 15,053 1,113 79,571 3,388 133 3,256 38,129 35,491 2,638 10,453 182,319 37,161 31,211 87,674 26,272 5,485 13,813 3,375 10,437 Other qualified export receipts (8) 22,784 2,325 215 797 42 21 16 53 1,180 20,459 692 40 (1) 314 338 1,066 74 37 38 302 16 3 283 20 19 1 294 6 288 88 2,680 1,536 824 101 218 2 735 197 538 Nonmanufactured products and services...................................................................... 71 61,137 Grains and soybeans................................................................................................................. 16 13,874 13,874 Export management services................................................................................................................. 6 2,424 2,422 Computer software................................................................................................................. 591 5 591 Motion picture distribution................................................................................................................. 3 523 523 Crops, except cottons, grains, and soybeans................................................................................................................. 26 34,526 34,520 1,790 16,206 Engineering and architectural services................................................................................................................. 3 1,351 1,351 -Manufactured products...................................................................... 95 6 848,099 834,494 72,156 172 142 Miscellaneous nonmanufactured products and services................................................................................................................. 12 7,849 7,846 3,008 204 Food and kindred products................................................................................................................. 28 20,672 20,592 Meat products................................................................................................................. 3,814 5 3,814 Canned and preserved fruits, vegetables, and seafoods................................................................................................................. 3 95 95 -10 Confectionery and related products ................................................................................................................. 6 10,051 10,051 -Textile mill products................................................................................................................. 14 9,723 9,723 186 Miscellaneous food and kindred products................................................................................................................. 1,377 14 6,712 6,632 30 Apparel and other finished goods................................................................................................................. 10 11,049 11,049 2,102 Miscellaneous fabricated textile goods................................................................................................................. 7 4,760 4,760 28 Sawmills and planning mills................................................................................................................. 11 11,853 11,852 Millwood, veneer, plywood, and prefabricated structural wood products......................................................................................................... 3 1,064 1,064 Furniture and fixtures................................................................................................................. 7 550 550 Household furniture................................................................................................................. 3 486 486 Paper and allied products................................................................................................................. 19 28,929 28,929 Pulp and paper mills................................................................................................................. 9 23,538 23,538 ---3,255 3,255 Miscellaneous wood products................................................................................................................. 979 16 17,789 17,771 17 Miscellaneous apparel and other accessories................................................................................................................. 3 6,289 6,289 2,073 1,215 Lumber and wood products, except furniture................................................................................................................. 3,560 30 30,705 30,687 996 Miscellaneous furniture and fixtures................................................................................................................. 3 64 64 -- Converted paper and paperboard products.................................................................................................................1,951 9 5,391 5,391 -Printing, publishing, and allied products................................................................................................................. 6 6,403 6,403 362 Chemicals and allied products................................................................................................................. 3,402 48 80,850 80,827 Plastics materials, synthetic resins, synthetic rubber, and synthetic fibers........................................................................................................................ 13 23,675 23,657 Soap, detergents, and cleaning preparations, perfumes, cosmetics, and toiletries........................................................................................................................ 2,198 6 8,622 8,622 Miscellaneous chemical products................................................................................................................. 22 18,421 18,415 124 Petroleum refining and related products................................................................................................................. 3 2,590 2,590 645 Rubber and miscellaneous plastics products................................................................................................................. 13 18,339 18,339 14 Miscellaneous plastics products................................................................................................................. -6 12,157 12,157 Footnotes at end of table. Industrial inorganic and organic chemicals.................................................................................................................9,290 6 30,133 30,133 462 618 1,845 359 3,674 1,484 137 51 Fabricated rubber products not elsewhere classified................................................................................................................. 7 6,182 6,182 14 86 197 Interest-Charge Domestic International Sales Corporations, 1996 Table 1.--Assets, Receipts, Deductions, Income, and Distributions of Interest-Charge Domestic International Sales Corporation Returns, by Major Product or Service--Continued [All figures are estimates based on samples--money amounts are in thousands of dollars] Assets Number Major product or service of returns (1) Manufactured products--continued Leather and leather products................................................................................................................. 7 4,389 4,389 Primary metal products................................................................................................................. 20 13,058 13,058 Fabricated metal products, other than ordnance, machinery, and transportation equipment................................................................................................................. 65 58,802 58,780 1,244 7,747 80,549 11,375 3,178 61,661 189,635 2,187 5,212 31,864 2,892 35,621 64,001 6,514 41,344 246,087 13,268 4,446 5,497 1,037 2,929 103,031 115,879 231,741 68,924 158,594 4,223 92,782 21,793 1,933 1,591 67,192 10,074 57,118 1,696 --626 615 676 10,053 13,271 21,839 (2) Total Total (3) Qualified assets Export property (4) Total liabilities (5) Export receipts Total qualified Qualified export and nonqualified receipts (6) receipts from sale of export property (7) 10,008 13,143 21,357 79,473 11,203 4,071 3,111 61,088 185,893 1,395 5,206 31,383 2,579 35,025 63,537 6,508 40,259 240,844 13,078 4,401 5,497 1,017 2,470 100,606 113,776 226,186 67,084 155,333 3,769 91,100 21,684 66,178 1,856 1,383 65,778 9,943 55,835 1,696 Other qualified export receipts (8) 44 128 482 1,058 167 264 67 560 3,177 789 6 216 313 572 369 5 907 3,580 162 39 -20 459 1,895 1,006 3,496 1,581 1,461 454 1,636 79 1,272 77 209 904 45 860 (¹) Stone, clay, glass, and concrete products................................................................................................................. 6 9,773 9,773 538 Cutlery, hand tools, and general hardware................................................................................................................. 1,099 10 7,189 7,189 903 Metal stampings.................................................................................................................4,427 7 4,427 148 7 21,346 1,291 -2,430 114 5,486 Heating apparatus (except electric) and plumbing fixtures................................................................................................................. 4,335 7 5,915 5,915 32 478 Miscellaneous fabricated metal products................................................................................................................. 6,163 41 41,271 41,249 161 Machinery, other than electrical................................................................................................................. 6,878 123 109,392 103,814 Engines and turbines................................................................................................................. 3 2,194 2,194 Construction, mining, and materials handling machinery and equipment......................................................................................................... 13 15,372 10,493 Special industry machinery, except metalworking machinery......................................................................................................... 42 34,507 34,443 4,421 General industrial machinery and equipment................................................................................................................. 22 25,701 25,614 748 8,264 Office, computing, and accounting machines.................................................................................................................179 5 1,991 1,991 163 Miscellaneous machinery, except electrical................................................................................................................. 26 20,576 20,028 656 3,582 Electrical machinery, equipment, and supplies................................................................................................................. 125 169,885 162,811 10,936 45,783 Electric transmission and distribution equipment................................................................................................................. 3 6,239 6,239 1,354 2,637 Electrical industrial apparatus................................................................................................................. 4 3,704 3,704 Household appliances................................................................................................................. 3 511 511 Communication equipment................................................................................................................. 3 6,096 6,096 Miscellaneous electrical machinery, equipment, and supplies......................................................................................................... 46 65,387 62,356 4,163 37,427 14,030 51,017 35,394 25,110 594 Transportation equipment................................................................................................................. 63 154,502 153,724 Aircraft and parts................................................................................................................. 25 62,459 62,209 --281 208 -124 616 21,180 272 Metalworking machinery and equipment................................................................................................................. 5 7,165 7,165 -619 Farm machinery and equipment................................................................................................................. -7 1,885 1,885 198 Electric lighting and wiring equipment................................................................................................................. 5 3,575 3,560 6 Electric components and accessories................................................................................................................. 60 84,372 80,345 5,132 Motor vehicles and motor vehicle equipment................................................................................................................. 34 64,043 63,515 10,970 9,689 Miscellaneous transportation equipment................................................................................................................. 4 28,000 28,000 12,427 Engineering, laboratory, and scientific and research instruments and related equipment......................................................................................................... 12 9,492 9,492 1,317 Photographic equipment and supplies................................................................................................................. 3 1,918 1,918 -All other professional, scientific, and controlling instruments......................................................................................................... 6 10,535 10,535 -1,454 11,178 Miscellaneous manufactured products................................................................................................................. 65 60,666 60,645 2,499 1,137 2,553 Professional, scientific, and controlling instruments................................................................................................................. 44 57,821 57,814 1,499 23,521 Surgical, medical, and dental instruments and supplies................................................................................................................. 67,465 22 35,876 35,868 182 18,378 Toys, amusement, sporting and athletic goods................................................................................................................. 16 13,318 13,297 580 660 All other miscellaneous manufactured products................................................................................................................. 49 47,348 47,348 1,920 10,518 Product or service not allocable...................................................................... 7 Footnotes at end of table. 392 392 -- 181 198 Interest-Charge Domestic International Sales Corporations, 1996 Table 1.--Assets, Receipts, Deductions, Income, and Distributions of Interest-Charge Domestic International Sales Corporation Returns, by Major Product or Service--Continued [All figures are estimates based on samples--money amounts are in thousands of dollars] Export promotion and Cost of Major product or service sales and operations (9) All products and services...................................................................... 1,020,147 Total (10) 167,830 other expenses Export promotion expenses (11) 115,650 6,165 Net income (or deficit) Taxable income Portion Net income (less deficit) (12) 318,716 15,425 10,064 408 444 -19 Net income Deficit Total attributable to excess qualified export receipts (13) 322,004 15,693 10,064 2,642 408 444 (¹) 637 306,268 6,771 393 2,163 4,077 3,571 1,153 372 6,912 2,697 1,110 3,106 3,392 149 3,243 1,952 658 830 100,833 (14) 3,288 268 -95 --19 (¹) 154 3,019 221 14 --207 -1 -1 1 (¹) -1 ---115 73 42 -84 -84 ---3 3 -- (15) 320,841 15,678 10,063 2,642 408 444 (¹) 637 1,485 305,118 6,771 393 138 2,163 4,077 3,562 1,153 781 372 6,895 2,697 1,110 3,089 3,392 149 3,243 1,952 658 1,294 830 100,679 7,914 5,405 82,720 4,640 235 2,658 984 1,674 (16) 146,400 6,133 5,362 747 ---25 -140,267 1,100 ---1,100 266 ---454 --454 2,438 -2,438 153 87 66 -83,174 2,689 1,145 79,340 ------ Nonmanufactured products and services...................................................................... 93,288 9,641 Grains and soybeans................................................................................................................. 336 2,374 1,229 Export management services................................................................................................................. -2 -Computer software................................................................................................................. 493 333 2 Motion picture distribution................................................................................................................. -130 25 Crops, except cottons, grains, and soybeans................................................................................................................. 89,864 6,588 4,819 2,546 Engineering and architectural services................................................................................................................. -(¹) -637 Manufactured products...................................................................... 925,451 157,943 109,344 905 303,248 6,550 379 Miscellaneous nonmanufactured products and services................................................................................................................. 558 1,358 983 1,344 1,498 Food and kindred products................................................................................................................. 26,185 4,711 2,154 Meat products................................................................................................................. 8,407 3,056 Canned and preserved fruits, vegetables, and seafoods................................................................................................................. 232 7 -138 138 Confectionery and related products ................................................................................................................. 6,553 232 231 2,163 Miscellaneous food and kindred products................................................................................................................. 10,993 1,416 1,018 3,870 Textile mill products................................................................................................................. 1,230 15,422 1,434 3,571 Apparel and other finished goods................................................................................................................. 1,152 15,686 3,576 3,112 Miscellaneous fabricated textile goods................................................................................................................. 8,772 1,816 1,685 371 Lumber and wood products, except furniture................................................................................................................. 79,486 9,920 6,316 6,912 Sawmills and planning mills................................................................................................................. 9,967 2,547 1,598 Millwood, veneer, plywood, and prefabricated structural wood products......................................................................................................... --23 Furniture and fixtures................................................................................................................. -16 Household furniture................................................................................................................. -3 9 -1,110 3,392 149 1,837 585 Miscellaneous wood products................................................................................................................. 3,105 69,519 7,350 4,718 2,697 Miscellaneous apparel and other accessories................................................................................................................. 781 6,914 1,760 1,428 781 Miscellaneous furniture and fixtures................................................................................................................. -14 9 3,243 Paper and allied products................................................................................................................. 24,224 12,361 9,960 Pulp and paper mills................................................................................................................. 23,028 11,882 9,540 Converted paper and paperboard products................................................................................................................. 1,294 1,196 479 421 1,252 Printing, publishing, and allied products................................................................................................................. 8,568 1,143 967 830 Chemicals and allied products................................................................................................................. 100,749 72,263 13,471 5,510 Plastics materials, synthetic resins, synthetic rubber, and synthetic fibers........................................................................................................................ 25,082 1,614 989 Soap, detergents, and cleaning preparations, perfumes, cosmetics, and toiletries........................................................................................................................ 82,759 33 4,986 6 Miscellaneous chemical products................................................................................................................. 18,138 5,099 4,308 4,672 Petroleum refining and related products................................................................................................................. 4,494 758 383 235 Rubber and miscellaneous plastics products................................................................................................................. 11,525 367 252 2,655 Miscellaneous plastics products.................................................................................................................1,674 9,249 52 47 Footnotes at end of table. Industrial inorganic and organic chemicals................................................................................................................. 7,914 29,011 1,773 208 7,914 5,404 5,488 82,759 4,672 235 2,658 1,674 Fabricated rubber products not elsewhere classified................................................................................................................. 2,276 315 205 981 984 199 Interest-Charge Domestic International Sales Corporations, 1996 Table 1.--Assets, Receipts, Deductions, Income, and Distributions of Interest-Charge Domestic International Sales Corporation Returns, by Major Product or Service--Continued [All figures are estimates based on samples--money amounts are in thousands of dollars] Export promotion and Cost of Major product or service sales and operations (9) Manufactured products--continued Leather and leather products................................................................................................................. 5,357 1,066 946 Primary metal products................................................................................................................. 17,863 1,766 1,686 Fabricated metal products, other than ordnance, machinery, Total (10) other expenses Export promotion expenses (11) Net income (or deficit) Taxable income Portion Net income (less deficit) (12) 3,630 2,210 Net income Deficit Total attributable to excess qualified export receipts (13) 3,633 8,020 2,230 16,589 2,221 482 11,861 36,853 411 3,745 9,932 2,687 8,242 (14) 3 11 21 92 82 --10 172 1 ---6 4 -161 585 154 --2 49 351 30 1,673 1,545 128 -20 (¹) 18 1 -18 1 17 (¹) (15) 3,633 8,020 2,230 16,509 2,221 2,012 482 11,794 36,764 411 3,745 9,932 2,687 8,237 7,370 311 4,070 40,988 2,244 951 5,279 107 1,060 19,675 11,671 32,274 17,463 10,680 4,131 21,801 3,080 18,118 -602 14,771 3,555 11,214 44 (16) 1,649 6,136 -3,417 ---3,417 9,766 -1,285 5,724 -379 2,378 --9,010 --2,938 -164 3,860 2,048 13,339 9,260 4,061 18 6,697 -6,697 --2,667 115 2,552 -- Stone, clay, glass, and concrete products................................................................................................................. 3,899 1,363 879 8,009 and transportation equipment................................................................................................................. 16,497 53,401 10,652 8,701 Cutlery, hand tools, and general hardware................................................................................................................. 6,167 3,070 2,785 2,138 Metal stampings................................................................................................................. 2,520 176 92 482 Heating apparatus (except electric) and plumbing fixtures................................................................................................................. 1,909 401 258 2,026 2,026 Miscellaneous fabricated metal products................................................................................................................. 42,805 7,006 5,566 11,851 Machinery, other than electrical................................................................................................................. 36,681 137,460 15,494 10,904 Engines and turbines................................................................................................................. -1,772 5 Construction, mining, and materials handling machinery and equipment......................................................................................................... 18,890 3,042 2,029 9,932 Metalworking machinery and equipment................................................................................................................. 186 19 -2,687 Special industry machinery, except metalworking machinery......................................................................................................... 23,246 4,139 2,500 8,236 General industrial machinery and equipment................................................................................................................. 7,454 52,093 4,458 2,940 7,450 Office, computing, and accounting machines................................................................................................................. 311 6,192 11 3 311 Miscellaneous machinery, except electrical................................................................................................................. 4,070 34,161 3,274 2,906 3,909 Electrical machinery, equipment, and supplies.................................................................................................................41,154 174,296 31,222 24,825 40,569 Electric transmission and distribution equipment................................................................................................................. 9,388 1,789 817 2,091 2,244 Electrical industrial apparatus................................................................................................................. 3,283 175 158 Household appliances................................................................................................................. -218 178 Communication equipment................................................................................................................. 1,388 497 461 Miscellaneous electrical machinery, equipment, and supplies......................................................................................................... 88,728 15,421 13,597 Transportation equipment................................................................................................................. 175,886 24,947 16,772 Aircraft and parts................................................................................................................. 9,837 132,164 15,877 11,730 30,908 10,553 11,760 32,581 10,680 4,131 988 5,279 1,044 988 5,279 107 1,093 19,683 410 Farm machinery and equipment.................................................................................................................3,745 920 546 526 200 Electric lighting and wiring equipment................................................................................................................. 754 179 12 105 Electric components and accessories................................................................................................................. 70,756 12,943 9,602 19,332 Motor vehicles and motor vehicle equipment................................................................................................................. 43,722 8,977 6,935 16,225 17,770 Miscellaneous transportation equipment................................................................................................................. -92 -4,131 Engineering, laboratory, and scientific and research instruments and related equipment......................................................................................................... 13,596 5,117 3,628 3,079 Photographic equipment and supplies................................................................................................................. 1,141 466 191 325 All other professional, scientific, and controlling instruments......................................................................................................... 969 19 5 602 602 14,772 Miscellaneous manufactured products................................................................................................................. 42,636 9,801 3,885 14,754 3,080 326 Surgical, medical, and dental instruments and supplies................................................................................................................. 41,094 8,271 7,028 18,100 18,118 Professional, scientific, and controlling instruments................................................................................................................. 56,801 13,874 10,851 22,108 22,127 Toys, amusement, sporting and athletic goods................................................................................................................. 5,879 640 566 3,555 3,555 All other miscellaneous manufactured products................................................................................................................. 36,757 9,161 3,318 11,200 11,216 Product or service not allocable...................................................................... 1,407 Footnotes at end of table. 245 142 43 44 200 Interest-Charge Domestic International Sales Corporations, 1996 Table 1.--Assets, Receipts, Deductions, Income, and Distributions of Interest-Charge Domestic International Sales Corporation Returns, by Major Product or Service--Continued [All figures are estimates based on samples--money amounts are in thousands of dollars] Taxable income--continued Adjusted IC-DISC Major product or service income subject Current-year to tax-deferral computation (17) All products and services......................................................................163,366 tax-deferred income (18) 164,665 Total amount deemed (19) 165,679 7,309 5,461 Tax-deferred IC-DISC income reported to (20) 536,636 29,907 5,912 1,267 1,347 258 440 Actual distributions to shareholders (21) 321,903 27,484 25,309 1,395 220 270 11 144 294,414 6,221 2 1,833 4,283 3,021 324 252 73 4,125 578 755 2,792 3,311 74 3,237 1,825 396 1,429 729 136,838 3,792 862 130,029 2,155 38 1,759 1,000 Current-year export gross receipts of IC-DISC's and related U.S. persons Related Total (22) 4,578,970 482,321 305,652 136,323 5,448 1,530 4,962 12,447 15,959 4,094,953 126,288 21,841 3,548 21,357 79,542 50,223 37,771 17,538 20,233 137,907 27,284 25,148 85,475 85,835 3,313 82,521 58,028 35,491 22,537 16,110 1,108,620 63,730 51,024 888,392 105,473 5,485 42,038 19,813 22,225 IC-DISC's (23) 4,556,409 475,416 298,748 136,323 5,448 1,530 4,962 12,447 15,959 4,079,297 124,962 21,841 3,548 21,357 78,215 50,223 37,771 17,538 20,233 137,043 26,420 25,148 85,475 85,835 3,313 82,521 49,697 35,491 14,207 16,110 1,108,620 63,730 51,024 888,392 105,473 5,485 42,038 19,813 22,225 U.S. persons (24) 22,562 6,905 6,905 ------15,657 1,326 ---1,326 ----864 864 -----8,330 -8,330 ----------- distributed shareholders Nonmanufactured products and services...................................................................... 8,604 8,500 Grains and soybeans................................................................................................................. 4,632 4,602 Crops, except cottons, grains, and soybeans................................................................................................................. 1,534 1,511 1,131 13,018 Export management services................................................................................................................. 371 366 47 Computer software................................................................................................................. 444 419 32 Motion picture distribution................................................................................................................. ( ¹ ) (¹) (¹) Engineering and architectural services................................................................................................................. 268 252 385 Manufactured products...................................................................... 154,719 156,121 158,370 2 Miscellaneous nonmanufactured products and services.................................................................................................................136 1,355 1,350 253 7,664 506,625 15,266 1,646 Food and kindred products................................................................................................................. 526 5,627 6,256 Meat products................................................................................................................. 377 390 Canned and preserved fruits, vegetables, and seafoods................................................................................................................. 138 137 12 40 102 Confectionery and related products ................................................................................................................. 9,047 2,163 2,115 48 Miscellaneous food and kindred products................................................................................................................. 2,949 3,614 463 4,533 Textile mill products................................................................................................................. 2,392 2,303 1,259 14,361 6,890 Apparel and other finished goods................................................................................................................. 1,153 1,153 -- Miscellaneous apparel and other accessories................................................................................................................. 781 781 -3,496 Miscellaneous fabricated textile goods................................................................................................................. 372 372 -3,393 Lumber and wood products, except furniture................................................................................................................. 6,329 6,308 587 20,834 Sawmills and planning mills.................................................................................................................4 2,693 2,693 Millwood, veneer, plywood, and prefabricated structural wood products......................................................................................................... 1,110 1,094 Furniture and fixtures................................................................................................................. 935 3,371 Household furniture................................................................................................................. 130 129 16 20 20 681 10,769 279 261 18 16,795 13,022 Miscellaneous wood products................................................................................................................. 2,527 2,522 567 9,384 Miscellaneous furniture and fixtures................................................................................................................. 805 3,243 -Paper and allied products................................................................................................................. 459 1,557 1,531 Pulp and paper mills................................................................................................................. 571 548 110 Converted paper and paperboard products................................................................................................................. 986 983 349 3,773 Printing, publishing, and allied products................................................................................................................. 1,172 809 799 31 Chemicals and allied products................................................................................................................. 16,418 16,164 84,610 Plastics materials, synthetic resins, synthetic rubber, and synthetic fibers........................................................................................................................ 4,228 4,209 1,291 Soap, detergents, and cleaning preparations, perfumes, cosmetics, and toiletries........................................................................................................................ 3,380 3,380 79,340 Miscellaneous chemical products................................................................................................................. 4,579 4,527 113 4,814 10,676 16,712 48,504 Industrial inorganic and organic chemicals................................................................................................................. 4,231 4,047 3,867 16,302 Petroleum refining and related products................................................................................................................. 819 235 235 -Rubber and miscellaneous plastics products................................................................................................................. 2,076 2,021 637 14,589 Miscellaneous plastics products................................................................................................................. 1,161 1,114 560 Footnotes at end of table. Fabricated rubber products not elsewhere classified................................................................................................................. 759 915 907 78 3,756 10,832 201 Interest-Charge Domestic International Sales Corporations, 1996 Table 1.--Assets, Receipts, Deductions, Income, and Distributions of Interest-Charge Domestic International Sales Corporation Returns, by Major Product or Service--Continued [All figures are estimates based on samples--money amounts are in thousands of dollars] Taxable income--continued Adjusted IC-DISC Major product or service income subject Current-year to tax-deferral computation (17) Manufactured products--continued Leather and leather products................................................................................................................. 1,985 1,939 1,695 Primary metal products................................................................................................................. 2,077 2,018 Fabricated metal products, other than ordnance, machinery, and transportation equipment................................................................................................................. 12,533 12,173 4,606 212 tax-deferred income (18) Total amount deemed (19) Tax-deferred IC-DISC income reported to (20) 3,005 11,479 36,372 Actual distributions to shareholders (21) 5,830 5,765 1,690 8,116 1,452 21 5,677 26,423 105 4,838 8,610 742 2,323 4,410 1,214 4,180 31,540 2,232 4 5,141 --17,105 7,057 18,127 13,691 3,569 867 Current-year export gross receipts of IC-DISC's and related U.S. persons Related Total (22) 41,592 100,593 50,189 231,345 29,772 15,979 7,188 178,406 517,771 4,192 55,117 117,947 18,183 116,227 110,794 12,261 83,049 505,802 17,188 16,510 38,714 2,219 16,917 222,343 191,911 472,776 279,371 161,356 32,049 274,984 61,082 203,774 1,856 8,272 219,163 52,632 178,964 1,696 IC-DISC's (23) 41,592 100,593 50,189 231,345 29,772 15,979 7,188 178,406 515,762 2,183 55,117 117,947 18,183 116,227 110,794 12,261 83,049 502,674 17,188 16,510 38,714 2,219 16,917 219,215 191,911 472,776 279,371 161,356 32,049 274,984 61,082 203,774 1,856 8,272 219,163 52,632 178,964 1,696 U.S. persons (24) --------2,009 2,009 -------3,127 -----3,127 --------------- distributed shareholders Stone, clay, glass, and concrete products................................................................................................................. 1,884 1,884 6,136 5,786 Cutlery, hand tools, and general hardware................................................................................................................. 2,087 2,025 385 4,911 Metal stampings................................................................................................................. 416 409 73 3,396 65,265 610 2,959 7,604 Heating apparatus (except electric) and plumbing fixtures................................................................................................................. 1,766 1,702 311 4,313 966 Miscellaneous fabricated metal products................................................................................................................. 8,265 8,038 3,837 23,753 Machinery, other than electrical................................................................................................................. 25,436 25,126 12,095 Engines and turbines................................................................................................................. 411 387 Construction, mining, and materials handling machinery and equipment......................................................................................................... 4,008 3,953 6,356 Special industry machinery, except metalworking machinery......................................................................................................... 7,396 7,295 942 20,968 General industrial machinery and equipment................................................................................................................. 4,884 4,785 2,586 12,715 Office, computing, and accounting machines................................................................................................................. 311 311 -1,495 Miscellaneous machinery, except electrical................................................................................................................. 3,582 3,558 592 14,002 Electrical machinery, equipment, and supplies................................................................................................................. 29,609 28,631 12,784 91,685 Electric transmission and distribution equipment................................................................................................................. 2,089 1,966 278 3,320 Electrical industrial apparatus................................................................................................................. 919 919 32 Household appliances................................................................................................................. 2,979 2,341 2,341 Communication equipment................................................................................................................. 896 843 217 Miscellaneous electrical machinery, equipment, and supplies......................................................................................................... 3,319 8,889 8,655 Transportation equipment................................................................................................................. 18,308 18,180 15,326 Aircraft and parts................................................................................................................. 6,577 6,423 4,257 35,960 83,227 21,354 2,403 367 4,815 Metalworking machinery and equipment................................................................................................................. 2,384 2,380 307 4,912 24 Farm machinery and equipment................................................................................................................. 2,460 2,458 1,288 202 Electric lighting and wiring equipment................................................................................................................. 1,485 95 106 1 Electric components and accessories................................................................................................................. 14,379 13,800 5,958 43,334 Motor vehicles and motor vehicle equipment................................................................................................................. 7,994 8,165 10,529 39,082 Miscellaneous transportation equipment................................................................................................................. 3,737 3,591 539 22,791 Engineering, laboratory, and scientific and research instruments and related equipment......................................................................................................... 3,003 2,929 287 7,159 Professional, scientific, and controlling instruments................................................................................................................. 17,192 14,527 14,292 8,299 29,549 2,111 -1,245 18,116 1,672 5 Surgical, medical, and dental instruments and supplies................................................................................................................. 11,130 10,989 7,129 14,023 13,836 Photographic equipment and supplies................................................................................................................. 172 ---All other professional, scientific, and controlling instruments......................................................................................................... 394 374 882 8,195 Miscellaneous manufactured products................................................................................................................. 40,127 10,829 11,113 9,087 Toys, amusement, sporting and athletic goods................................................................................................................. 3,410 3,369 1,313 9,433 Product or service not allocable...................................................................... 44 ¹ Denotes a value between -$500 and $500, excluding zero. NOTE: Detail may not add to totals because of rounding. All other miscellaneous manufactured products................................................................................................................. 19,868 7,418 8,367 7,774 31,317 44 -104 202