U.S. Direct Investment Abroad

Final Results

From the

1999 Benchmark Survey

U.S. Department of Commerce

Donald L. Evans, Secretary

Economics and Statistics Administration

Kathleen B. Cooper, Under Secretary

for Economic Affairs ECONOMICS

 AND STATISTICS

 ADMINISTRATION

April 2004

Bureau of Economic Analysis

J. Steven Landefeld, Director

Rosemary D. Marcuss, Deputy Director
ii

Citation

U.S. Bureau of Economic Analysis. U.S. Direct Investment Abroad: Final

Results From the 1999 Benchmark Survey. Washington, DC: U.S. Government Printing Office, April 2004.
iii

This volume presents the final results of the 1999 Benchmark Survey of U.S. Direct

Investment Abroad conducted by the Bureau of Economic Analysis (BEA), U.S.

Department of Commerce. Benchmark surveys are the Bureau's most comprehensive surveys—both in terms of the companies that are covered and the information

that is gathered. The 1999 survey covered the universe of U.S. direct investment

abroad, which consists of all foreign business enterprises owned 10 percent or

more, directly or indirectly, by a U.S. person. The prior benchmark survey covered

1994.

The survey collected detailed data on the financial structure and operations of

U.S. parent companies and their foreign affiliates in 1999. The data include balance sheets, income statements, sales of goods and services, employment and compensation of employees, trade in goods, research and development expenditures,

and external financial position. The survey also collected data on the U.S. direct

investment position abroad and on balance of payments transactions between U.S.

parents and their foreign affiliates in fiscal year 1999. The data for U.S. parent

companies are disaggregated by industry of parent. The data for foreign affiliates

are disaggregated by country and industry of affiliate or by industry of U.S. parent.

Preface
iv

The Bureau of Economic Analysis thanks the staffs of the U.S. companies that responded to the 1999 benchmark survey for their efforts in completing and filing

reports and for their cooperation with BEA during processing and review of the

data.

Ralph Kozlow, Associate Director for International Economics, provided general guidance for the survey. R. David Belli, former Chief of the International Investment Division (IID), directed the design of the benchmark survey report

forms, the conduct of the survey, and the analysis and publication of the results.

The 1999 benchmark survey was conducted under the direction of Patricia C.

Walker, Chief of the Direct Investment Abroad Branch of IID. James Y. Shin supervised the editing and processing of the reports. The following current and former

IID staff contributed to the processing and editing of the survey, or to related computer programming: Joan O. Adams, Damon Battaglia, Christina D. Briseno,

Howard S. Chenkin, Margo R. Collier, Richard T. Edwards, David N. Hale, Carole

J. Henry, Jeanne Hicks, Earl F. Holmes, Barbara C. Huang, Barbara K. Hubbard,

Kristina A. Kaminski, Neeta B. Kapoor, Christine J. Lee, Sherry Lee, Stephanie A.

Lewis, Marcia S. Miller, Juanita L. Mortimer, Xia Ouyang, Monique M. Pickett,

Pearl Rivers, Ronald L. Ross, Nancy F. Steffen, Rubena I. Thomas, and Diann L.

Vann.

Raymond J. Mataloni, Jr. prepared the text and coordinated the design of the

tables for this publication. Kristina Maze, W. Ronnie Foster, and M. Gretchen Gibson of the Publication Services Office coordinated the production of this publication and provided desktop publishing services.

Acknowledgments
v

Preface. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . iii

Acknowledgments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . iv

Methodology . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . M–1

Coverage . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . M–2

Concepts and Definitions. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . M–4

Direct investment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . M–4

Determination of residency . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . M–4

The U.S. parent . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . M–5

The foreign affiliate. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . M–5

Accounting Principles . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . M–7

Use of generally accepting accounting principles . . . . . . . . . . . . . . . . . M–7

Currency translation. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . M–7

Valuation. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . M–7

Fiscal Year Reporting . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . M–7

Confidentiality. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . M–8

Classification of Data. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . M–8

Classification by country . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . M–8

Classification by industry. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . M–9

Estimation and General Validity of the Data . . . . . . . . . . . . . . . . . . . . M–12

Number of U.S. Parents and Foreign Affiliates . . . . . . . . . . . . . . . . . . M–17

Financial and Operating Data for Foreign Affiliates

and U.S. Parents . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . M–18

Balance sheets and income statements . . . . . . . . . . . . . . . . . . . . . . . . . . M–18

External financial position . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . M–18

Gross product . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . M–18

Sales of goods and services. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . M–19

Employment and compensation of employees . . . . . . . . . . . . . . . . . . . M–19

U.S. trade in goods . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . M–20

Research and development. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . M–21

Direct Investment Position and Balance of Payments Data . . . . . . . M–21

U.S. direct investment position abroad. . . . . . . . . . . . . . . . . . . . . . . . . . M–22

Direct investment capital outflows . . . . . . . . . . . . . . . . . . . . . . . . . . . . . M–24

Direct investment income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . M–26

Direct investment royalties and license fees . . . . . . . . . . . . . . . . . . . . . . M–27

Other direct investment services . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . M–27

Contents
vi

Presentation of the Data . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . M–29

Organization of Tables. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . M–30

U.S. Direct Investment Abroad Tables. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1

Notes to the Tables . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2

Footnotes to the Tables . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 255

Group I. All Affiliates of All U.S. Parents

1.A 3. Selected Data for Foreign Affiliates, by Country. . . . . . . . . . . . . . . . . . . . . . . 5

1.A 4. Selected Data for Foreign Affiliates and U.S. Parents, by Industry . . . . . . . . 6

1.B 5. Total Assets of Affiliates, Country by Industry . . . . . . . . . . . . . . . . . . . . . . . . 7

1.E 3. Sales by Affiliates, Country by Industry . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8

1.E 6. Net Income of Affiliates, Country by Industry . . . . . . . . . . . . . . . . . . . . . . . . 9

1.H 3. Employment of Affiliates, Country by Industry. . . . . . . . . . . . . . . . . . . . . . 10

1.H 5. Compensation of Employees of Affiliates, Country by Industry . . . . . . . . 11

1.M 1. Selected Financial and Operating Data of U.S. Parents, 

by Industry of U.S. Parent . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12

1.M 2. Number of U.S. Parents That Had Affiliates in a Given Country

and Industry, Country by Industry of Affiliate . . . . . . . . . . . . . . . . . . . . . . . 13

1.X 1. U.S. Direct Investment Position Abroad on a Historical-Cost Basis,

Country by Account. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14

1.Y 1. Change in the U.S. Direct Investment Position Abroad on a

Historical-Cost Basis, Country by Account . . . . . . . . . . . . . . . . . . . . . . . . . . 15

1.Z 1. Direct Investment Income, Country by Component . . . . . . . . . . . . . . . . . . 16

1.AA 1. Direct Investment Royalties and License Fees, Receipts and Payments

by U.S. Parents, by Country . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17 

1.AA 3. Other Direct Investment Services, Receipts and Payments 

by U.S. Parents, Country by Type . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18

Group II. Nonbank Affiliates of Nonbank U.S. Parents

II.A 1. Selected Data for Foreign Affiliates in All Countries

in Which Investment Was Reported . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21

II.A 2. Selected Data for Foreign Affiliates and U.S. Parents in All Industries . . . 24

II.B 1. Balance Sheet of Affiliates—Assets, Country by Account . . . . . . . . . . . . . . 28

II.B 2. Balance Sheet of Affiliates—Liabilities and Owners’ Equity,

Country by Account . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30

II.B 5. Total Assets of Affiliates, Country by Industry . . . . . . . . . . . . . . . . . . . . . . . 31

II.B 6. Total Assets of Affiliates, Industry by Country . . . . . . . . . . . . . . . . . . . . . . . 32

II.B 7. Net Property, Plant, and Equipment of Affiliates, Country by Industry . . 33

II.B 8. Net Property, Plant, and Equipment of Affiliates, Industry by Country . . 34

II.B 13. Total Assets of Affiliates, Industry of U.S. Parent by Country. . . . . . . . . . 35

II.D 6. Capital Expenditures by Affiliates, Country by Industry . . . . . . . . . . . . . . 36

II.D 7. Capital Expenditures by Affiliates, Industry by Country . . . . . . . . . . . . . . 37

II.E 1. Income Statement of Affiliates, Country by Account. . . . . . . . . . . . . . . . . . 38

II.E 3. Sales by Affiliates, Country by Industry . . . . . . . . . . . . . . . . . . . . . . . . . . . . 39

II.E 4. Sales by Affiliates, Industry by Country . . . . . . . . . . . . . . . . . . . . . . . . . . . . 40

II.E 6. Net Income of Affiliates, Country by Industry . . . . . . . . . . . . . . . . . . . . . . . 41

II.E 7. Net Income of Affiliates, Industry by Country . . . . . . . . . . . . . . . . . . . . . . . 42
vii

II.E 9. Sales by Affiliates, Industry of U.S. Parent by Country . . . . . . . . . . . . . . . . 43

II.H 3. Employment of Affiliates, Country by Industry . . . . . . . . . . . . . . . . . . . . . 44

II.H 4. Employment of Affiliates, Industry by Country . . . . . . . . . . . . . . . . . . . . . 45

II.H 5. Compensation of Employees of Affiliates, Country by Industry. . . . . . . . 46

II.H 6. Compensation of Employees of Affiliates, Industry by Country. . . . . . . . 47

II.H 10. Employment of Affiliates, Industry of U.S. Parent by Country . . . . . . . . 48

II.I 1. U.S. Trade in Goods With Affiliates, by Country of Affiliate. . . . . . . . . . . . 49

II.I 2. U.S. Trade in Goods With Affiliates, by Industry of Affiliate. . . . . . . . . . . . 50

II.I 5. U.S. Exports of Goods Shipped by Affiliates, Country of Affiliate

by Industry of Affiliate . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 51

II.I 6. U.S. Exports of Goods Shipped to Affiliates, Industry of Affiliate

by Country of Affiliate . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 52

II.I 19. U.S. Imports of Goods Shipped by Affiliates, Country of Affiliate

by Industry of Affiliate . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 53

II.I 20. U.S. Imports of Goods Shipped by Affiliates, Industry of Affiliate

by Country of Affiliate . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 54

II.L 1. Selected Data for Foreign Affiliates, by SIC-Based Industry of Affiliate . . 55

II.M 1. Selected Financial and Operating Data of U.S. Parents,

by Industry of U.S. Parent . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 56

II.N 1. Balance Sheet of U.S. Parents—Assets, Industry of U.S. Parent 

by Account . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 57

II.N 2. Balance Sheet of U.S. Parents—Liabilities and Owners’ Equity,

Industry of U.S. Parent by Account . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 58

II.N 3. External Financial Position of U.S. Parents—Assets and Liabilities

by Major Industry of Parent . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 59

II.O 1. Change in Property, Plant, and Equipment of U.S. Parents, 

Industry of U.S. Parent by Account . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 60

II.O 2. Capital Expenditures by U.S. Parents, Industry of U.S. Parent

by Account . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 61

II.P 1. Income Statement of U.S. Parents, Industry of U.S. Parent by Account . . 62

II.Q 1. Sales by U.S. Parents, Industry of U.S. Parent by Type and Destination. . 63

II.Q 2. Sales by U.S. Parents, Industry of U.S. Parent by Industry of Sales . . . . . . 65

II.R 1. Gross Product of U.S. Parents, Industry of U.S. Parent by Component . . 71

II.S 1. Employment and Compensation of Employees of U.S. Parents, 

Industry of U.S. Parent by Type. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 72

II.S 2. Employment of U.S. Parents, Industry of U.S. Parent 

by Industry of Sales. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 73

II.T 1. U.S. Exports of Goods Associated With U.S. Parents and Their

Foreign Affiliates, by Industry of U.S. Parent. . . . . . . . . . . . . . . . . . . . . . . . 79

II.T 2. U.S. Exports of Goods Associated With U.S. Parents and Their

Foreign Affiliates, by Country of Destination . . . . . . . . . . . . . . . . . . . . . . . 80

II.T 3. U.S. Exports of Goods Shipped by U.S. Parents to Foreigners

Other Than Foreign Affiliates, Industry of U.S. Parent by Product. . . . . . 81

II.T 4. U.S. Imports of Goods Associated With U.S. Parents and Their

Foreign Affiliates, by Industry of U.S. Parent. . . . . . . . . . . . . . . . . . . . . . . . 82

II.T 5. U.S. Imports of Goods Associated With U.S. Parents and Their

Foreign Affiliates, by Country of Origin . . . . . . . . . . . . . . . . . . . . . . . . . . . 83

II.T 6. U.S. Imports of Goods Shipped to U.S. Parents by Foreigners Other

Than Foreign Affiliates, Industry of U.S. Parent by Product . . . . . . . . . . . 84
viii

II.U 1. Research and Development Performed by and Funded by U.S. Parents,

by Industry of U.S. Parent . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 85

II.U 2. Royalties and License Fees of U.S. Parents, Receipts and Payments,

by Industry of U.S. Parent . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 86

II.V 1. Interest, Production Royalty Payments, and Taxes Other Than Income

and Payroll Taxes of U.S. Parents, by Industry of U.S. Parent . . . . . . . . . . . 87

II.W 1. Selected Financial and Operating Data of U.S. Parents, by SIC-Based

Industry of U.S. Parent . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 88

II.X 1. U.S. Direct Investment Position Abroad on a Historical-Cost Basis,

Country by Account . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 89

II.X 2. U.S. Direct Investment Position Abroad on a Historical-Cost Basis,

Country by Industry. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 90

II.X 3. U.S. Direct Investment Position Abroad on a Historical-Cost Basis,

Industry of U.S. Parent by Account . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 91

II.Y 1. Change in the U.S. Direct Investment Position Abroad on a 

Historical-Cost Basis, Country by Account . . . . . . . . . . . . . . . . . . . . . . . . . 92

II.Y 2. Direct Investment Capital Outflows, Country by Industry. . . . . . . . . . . . . 93

II.Z 1. Direct Investment Income, Country by Component. . . . . . . . . . . . . . . . . . 94

II.Z 2. Direct Investment Income, Country by Industry . . . . . . . . . . . . . . . . . . . . 95

II.Z 3. Direct Investment Income, Industry of U.S. Parent by Component . . . . . 96

II.AA 1. Direct Investment Royalties and License Fees, Receipts and Payments

by U.S. Parents, by Country . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 97

II.AA 2. Receipts of Direct Investment Royalties and License Fees

by U.S. Parents, Country by Industry . . . . . . . . . . . . . . . . . . . . . . . . . . . . 98

II.AA 3. Other Direct Investment Services, Receipts and Payments

by U.S. Parents, Country by Type. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 99

II.AA 4. Receipts for Other Direct Investment Services by U.S. Parents,

Country by Industry . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 100

II.AA 5. Payments for Other Direct Investment Services by U.S. Parents,

Country by Industry . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 101

II.AA 6. Direct Investment Service Charges, Receipts and Payments

by U.S. Parents, Major Area and Major Industry by Type . . . . . . . . . . . 102

Group III. Majority-Owned Nonbank Affiliates of Nonbank U.S. 

Parents

III.A 1. Selected Data for Foreign Affiliates in All Countries in Which

Investment Was Reported . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 105

III.A 2. Selected Data for Foreign Affiliates and U.S. Parents 

in All Industries . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 108

III.B 1. Balance Sheet of Affiliates—Assets, Country by Account . . . . . . . . . . . . 111

III.B 2. Balance Sheet of Affiliates—Liabilities and Owners’ Equity,

Country by Account. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 113

III.B 3. Balance Sheet of Affiliates—Assets, Industry by Account . . . . . . . . . . . . 114

III.B 4. Balance Sheet of Affiliates—Liabilities and Owners’ Equity,

Industry by Account . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 116

III.B 5. Total Assets of Affiliates, Country by Industry . . . . . . . . . . . . . . . . . . . . . 117

III.B 6. Total Assets of Affiliates, Industry by Country . . . . . . . . . . . . . . . . . . . . . 118

III.B 7. Net Property, Plant, and Equipment of Affiliates, 

Country by Industry . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 119
ix

III.B 8. Net Property, Plant, and Equipment of Affiliates, 

Industry by Country . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 120

III.B 9. Owners’ Equity of Affiliates, Country by Industry. . . . . . . . . . . . . . . . . . 121

III.B 10. Owners’ Equity of Affiliates, Industry by Country . . . . . . . . . . . . . . . . 122

III.B 11. Balance Sheet of Affiliates—Assets, Industry of U.S. Parent 

by Account. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 123

III.B 12. Balance Sheet of Affiliates—Liabilities and Owners’ Equity,

Industry of U.S. Parent by Account. . . . . . . . . . . . . . . . . . . . . . . . . . . . . 125

III.B 13. Total Assets of Affiliates, Industry of U.S. Parent by Country. . . . . . . . 126

III.C 1. External Financing of Affiliates, Country of Affiliate 

by Transactor and Account . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 127

III.C 2. External Financing of Affiliates, Industry of Affiliate

by Transactor and Account . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 128

III.C 3. External Financing of Affiliates, Industry of U.S. Parent

by Transactor and Account . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 129

III.C 4. Receivables and Financial Investments of Affiliates, by Major Area

and Major Industry of Affiliate . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 130

III.D 1. Change in Property, Plant, and Equipment of Affiliates,

Country by Account . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 131

III.D 2. Change in Property, Plant, and Equipment of Affiliates,

Industry by Account . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 132

III.D 3. Change in Property, Plant, and Equipment of Affiliates, 

Industry of U.S. Parent by Account. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 133

III.D 4. Capital Expenditures by Affiliates, Country by Type . . . . . . . . . . . . . . . 134

III.D 5. Capital Expenditures by Affiliates, Industry by Type . . . . . . . . . . . . . . . 135

III.D 6. Capital Expenditures by Affiliates, Country by Industry . . . . . . . . . . . . 136

III.D 7. Capital Expenditures by Affiliates, Industry by Country . . . . . . . . . . . . 137

III.D 8. Capital Expenditures by Affiliates, Industry of U.S. Parent 

by Country . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 138

III.E 1. Income Statement of Affiliates, Country by Account. . . . . . . . . . . . . . . . 139

III.E 2. Income Statement of Affiliates, Industry by Account . . . . . . . . . . . . . . . 140

III.E 3. Sales by Affiliates, Country by Industry . . . . . . . . . . . . . . . . . . . . . . . . . . 141

III.E 4. Sales by Affiliates, Industry by Country . . . . . . . . . . . . . . . . . . . . . . . . . . 142

III.E 5. Foreign Income Taxes of Affiliates, Country by Industry . . . . . . . . . . . . 143

III.E 6. Net Income of Affiliates, Country by Industry . . . . . . . . . . . . . . . . . . . . . 144

III.E 7. Net Income of Affiliates, Industry by Country . . . . . . . . . . . . . . . . . . . . . 145

III.E 8. Income Statement of Affiliates, Industry of U.S. Parent by Account . . . 146

III.E 9. Sales by Affiliates, Industry of U.S. Parent by Country . . . . . . . . . . . . . . 147

III.F 1. Sales by Affiliates, Selected Area and Industry of Affiliate

and Type of Sale by Destination and Transactor . . . . . . . . . . . . . . . . . . . 148

III.F 2. Sales by Affiliates, Country of Affiliate by Destination . . . . . . . . . . . . . . 149

III.F 3. Sales by Affiliates, Industry of Affiliate by Destination . . . . . . . . . . . . . . 150

III.F 4. Sales by Affiliates to the United States, Country of Affiliate

by Industry of Affiliate . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 151

III.F 5. Sales by Affiliates to Foreign Countries, Country of Affiliate

by Industry of Affiliate . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 152

III.F 6. Sales by Affiliates to Foreign Countries, Industry of Affiliate

by Country of Affiliate . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 153

III.F 7. Local Sales by Affiliates, Country of Affiliate by Industry of Affiliate. . . 154
x

III.F 8. Sales by Affiliates to Foreign Countries Other Than the Host Country,

Country of Affiliate by Industry of Affiliate. . . . . . . . . . . . . . . . . . . . . . . . 155

III.F 9. Sales by Affiliates, Industry of U.S. Parent by Destination . . . . . . . . . . . . 156

III.F 10. Sales by Affiliates to Foreign Countries Other Than

the Host Country, Country of Affiliate by Country of Destination . . . 157

III.F 11. Sales by Affiliates to Affiliates in Foreign Countries Other Than

the Host Country, Country of Affiliate by Country of Destination . . . 158

III.F 12. Sales by Affiliates to Unaffiliated Foreigners in Foreign Countries

Other Than the Host Country, Country of Affiliate 

by Country of Destination . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 159

III.F 13. Sales of Goods by Affiliates, Country of Affiliate by Destination . . . . . 160

III.F 14. Sales of Goods by Affiliates, Industry of Affiliate by Destination . . . . . 161

III.F 15. Sales of Services by Affiliates, Country of Affiliate by Destination . . . . 162

III.F 16. Sales of Services by Affiliates, Industry of Affiliate by Destination . . . . 163

III.F 17. Sales of Services by Affiliates, Country of Affiliate

by Industry of Affiliate. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 164

III.F 18. Sales of Services by Affiliates, Industry of Affiliate

by Country of Affiliate. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 165

III.F 19. Sales of Services by Affiliates to Foreigners, Country of Affiliate

by Industry of Affiliate. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 166

III.F 20. Sales of Services by Affiliates to Foreigners, Industry of Affiliate

by Country of Affiliate. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 167

III.F 21. Sales by Affiliates, Industry of U.S. Parent by Type

of Sale and Destination . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 168

III.F 22. Sales by Affiliates, Industry of Affiliate by Industry of Sales . . . . . . . . . 170

III.G 1. Gross Product of Affiliates, Country by Component. . . . . . . . . . . . . . . . 171

III.G 2. Gross Product of Affiliates, Industry by Component. . . . . . . . . . . . . . . . 172

III.G 3. Gross Product of Affiliates, Country by Industry. . . . . . . . . . . . . . . . . . . 173

III.G 4. Gross Product of Affiliates, Industry by Country. . . . . . . . . . . . . . . . . . . 174

III.G 5. Gross Product of Affiliates, Industry of U.S. Parent by Component . . . 175

III.G 6. Gross Product of Affiliates, Industry of U.S. Parent by Country . . . . . . 176

III.G 7. Profit-Type Return of Affiliates, Country by Industry. . . . . . . . . . . . . . . 177

III.G 8. Profit-Type Return of Affiliates, Industry by Country. . . . . . . . . . . . . . . 178

III.G 9. Profit-Type Return of Affiliates, Industry of U.S. Parent by Country . . 179

III.H 1. Employment and Compensation of Employees of Affiliates,

Country by Type . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 180

III.H 2. Employment and Compensation of Employees of Affiliates,

Industry by Type . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 181

III.H 3. Employment of Affiliates, Country by Industry. . . . . . . . . . . . . . . . . . . . 182

III.H 4. Employment of Affiliates, Industry by Country. . . . . . . . . . . . . . . . . . . . 183

III.H 5. Compensation of Employees of Affiliates, Country by Industry . . . . . . 184

III.H 6. Compensation of Employees of Affiliates, Industry by Country . . . . . . 185

III.H 7. Wages and Salaries of Employees of Affiliates, Country by Industry . . . 186

III.H 8. Supplements to Wages and Salaries of Employees of Affiliates,

Country by Industry . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 187

III.H 9. Employment and Compensation of Employees of Affiliates,

Industry of U.S. Parent by Type. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 188

III.H 10. Employment of Affiliates, Industry of U.S. Parent by Country . . . . . . 189

III.H 11. Employment, Compensation, and Hours Worked

of Production Workers of Manufacturing Affiliates, by Country. . . . . 190
xi

III.H 12. Employment, Compensation, and Hours Worked

of Production Workers of Manufacturing Affiliates, by Industry . . . . 191

III.H 13. Production Workers of Manufacturing Affiliates, 

Country by Industry. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 192

III.H 14. Compensation of Production Workers of Manufacturing Affiliates,

Country by Industry . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 193

III.H 15. Compensation Per Hour of Production Workers

of Manufacturing Affiliates, Country by Industry . . . . . . . . . . . . . . . . 194

III.H 16. Compensation Per Hour of Production Workers

of Manufacturing Affiliates, Industry by Country . . . . . . . . . . . . . . . . 195

III.H 17. Employment, Compensation, and Hours Worked of Production Workers 

of Manufacturing Affiliates, by Industry of U.S. Parent . . . . . . . . . . . . 196

III.H 18. Compensation Per Hour of Production Workers 

of Manufacturing Affiliates, Industry of U.S. Parent by Country . . . . 197

III.I 1. U.S. Trade in Goods With Affiliates, by Country of Affiliate . . . . . . . . . . 198

III.I 2. U.S. Trade in Goods With Affiliates, by Industry of Affiliate . . . . . . . . . . 199

III.I 3. U.S. Exports of Goods Shipped to Affiliates, 

Country of Affiliate by Product . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 200

III.I 4. U.S. Exports of Goods Shipped to Affiliates, 

Industry of Affiliate by Product . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 201

III.I 5. U.S. Exports of Goods Shipped to Affiliates, Country of Affiliate

by Industry of Affiliate . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 202

III.I 6. U.S. Exports of Goods Shipped to Affiliates, Industry of Affiliate

by Country of Affiliate . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 203

III.I 7. U.S. Exports of Goods Shipped to Affiliates by U.S. Parents,

Country of Affiliate by Product . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 204

III.I 8. U.S. Exports of Goods Shipped to Affiliates by U.S. Parents,

Industry of Affiliate by Product . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 205

III.I 9. U.S. Exports of Goods Shipped to Affiliates by U.S. Parents,

Country of Affiliate by Industry of Affiliate . . . . . . . . . . . . . . . . . . . . . . . 206

III.I 10. U.S. Exports of Goods Shipped to Affiliates by U.S. Parents,

Industry of U.S. Parent by Product . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 207

III.I 11. U.S. Exports of Goods Shipped to Affiliates by Unaffiliated

U.S. Persons, Country of Affiliate by Product . . . . . . . . . . . . . . . . . . . . . 208

III.I 12. U.S. Exports of Goods Shipped to Affiliates, Country of Affiliate

by Whom Shipped and Intended Use . . . . . . . . . . . . . . . . . . . . . . . . . . . 209

III.I 13. U.S. Exports of Goods Shipped to Affiliates, Industry of Affiliate

by Whom Shipped and Intended Use . . . . . . . . . . . . . . . . . . . . . . . . . . . 210

III.I 14. U.S. Exports of Goods Shipped to Affiliates for Resale Without 

Further Manufacture, Country of Affiliate 

by Industry of Affiliate . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 211

III.I 15. U.S. Exports of Goods Shipped to Affiliate for Further Manufacture,

Country of Affiliate by Industry of Affiliate . . . . . . . . . . . . . . . . . . . . . . 212

III.I 16. U.S. Exports of Goods Shipped to Affiliates by U.S. Parents,

Industry of U.S. Parent by Intended Use . . . . . . . . . . . . . . . . . . . . . . . . . 213

III.I 17. U.S. Imports of Goods Shipped by Affiliates, 

Country of Affiliate by Product . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 214

III.I 18. U.S. Imports of Goods Shipped by Affiliates,

Industry of Affiliate by Product . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 215

III.I 19. U.S. Imports of Goods Shipped by Affiliates,

Country of Affiliate by Industry of Affiliate . . . . . . . . . . . . . . . . . . . . . . 216
xii

III.I 20. U.S. Imports of Goods Shipped by Affiliates,

Industry of Affiliate by Country of Affiliate. . . . . . . . . . . . . . . . . . . . . . . 217

III.I 21. U.S. Imports of Goods Shipped by Affiliates to U.S. Parents, 

Country of Affiliate by Product . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 218

III.I 22. U.S. Imports of Goods Shipped by Affiliates to U.S. Parents,

Industry of Affiliate by Product . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 219

III.I 23. U.S. Imports of Goods Shipped by Affiliates to U.S. Parents,

Country of Affiliate by Industry of Affiliate . . . . . . . . . . . . . . . . . . . . . . . 220

III.I 24. U.S. Imports of Goods Shipped by Affiliates to U.S. Parents,

Industry of U.S. Parent by Product. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 221

III.I 25. U.S. Imports of Goods Shipped by Affiliates to Unaffiliated

U.S. Persons, Country of Affiliate by Product . . . . . . . . . . . . . . . . . . . . . 222

III.J 1. Research and Development Performed by and Funded

by Affiliates, by Country . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 223

III.J 2. Research and Development Performed by and Funded

by Affiliates, by Industry . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 224

III.J 3. Research and Development Performed by Affiliates, 

Country by Industry. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 225

III.J 4. Research and Development Performed by Affiliates,

Industry by Country. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 226

III.J 5. Research and Development Performed by and Funded by Affiliates,

by Industry of U.S. Parent . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 227

III.J 6. Research and Development Performed by Affiliates, Industry

of U.S. Parent by Country. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 228

III.J 7. Royalties and License Fees of Affiliates, Receipts and Payments,

Country by Transactor . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 229

III.J 8. Royalties and License Fees of Affiliates, Receipts and Payments,

Industry by Transactor . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 230

III.J 9. Receipts of Royalties and License Fees by Affiliates, 

Country by Industry . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 231

III.J 10. Royalties and License Fees of Affiliates, Receipts and Payments,

Industry of U.S. Parent by Transactor. . . . . . . . . . . . . . . . . . . . . . . . . . . . 232

III.K 1. Interest, Production Royalty Payments, Taxes Other Than Income

and Payroll Taxes, and Subsidies of Affiliates, by Country . . . . . . . . . . . 233

III.K 2. Interest, Production Royalty Payments, Taxes Other Than Income

and Payroll Taxes, and Subsidies of Affiliates, by Industry . . . . . . . . . . . 234

III.K 3. Taxes Other Than Income and Payroll Taxes, Country by Industry . . . . 235

III.L 1. Selected Data for Foreign Affiliates, by SIC-Based Industry 

of Affiliate . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 236

III.L 2. Total Assets of Affiliates, Country by SIC-Based Industry

of Affiliate . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 237

III.L 3. Sales by Affiliates, Country by SIC-Based Industry

of Affiliate . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 238

III.L 4. Gross Product of Affiliates, Country by SIC-Based Industry

of Affiliate . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 239

III.L 5. Employment of Affiliates, Country by SIC-Based Industry

of Affiliate . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 240

III.L 6. Selected Data for Foreign Affiliates, by SIC-Based Industry

of U.S. Parent . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 241
xiii

III.X 1. U.S. Direct Investment Position Abroad on a Historical-Cost Basis,

Country by Account . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 242

III.Y 1. Change in the U.S. Direct Investment Position Abroad on

a Historical-Cost Basis, Country by Account. . . . . . . . . . . . . . . . . . . . . . 243

III.Z 1. Direct Investment Income, Country by Component. . . . . . . . . . . . . . . . 244

III.AA 1. Direct Investment Royalties and License Fees, Receipts and

Payments by U.S. Parents, by Country . . . . . . . . . . . . . . . . . . . . . . . . . . 245

III.AA 3. Other Direct Investment Services, Receipts and Payments

by U.S. Parents, Country by Type . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 246

Group IV. Nonbank affiliates of U.S. parents in banking

IV.A 3. Selected Data for Foreign Affiliates, by Country . . . . . . . . . . . . . . . . . . . 249

Group V. Bank affiliates of all U.S. parents

V.M 1. Selected Financial and Operating Data of U.S. Parents,

by Industry of U.S. Parent . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 253

Appendix

USDIA: Final Results From the 1999 Benchmark Survey

Form BE–10 Instructions. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 267

Form BE–10A . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 278

Form BE–10B (Long Form). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 296

Form BE–10B (Short Form) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 317

Form BE–10A BANK . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .333

Form BE–10B BANK . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 340

Form BE–10 Claim for Not Filing . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .353

BEA Guide to Industry and Foreign Trade Classifications

for International Surveys . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 354

M–1

Methodology

The 1999 Benchmark Survey of U.S. Direct Investment

Abroad was conducted by the Bureau of Economic

Analysis (BEA), U.S. Department of Commerce, to obtain complete and accurate data on U.S. direct investment abroad in 1999. Reporting in the survey was

mandatory under the International Investment and

Trade in Services Survey Act.1

This publication presents 215 tables that summarize

nearly all of the data collected in the benchmark survey. Three related types of data are presented: (1) Foreign-affiliate financial and operating data, (2) U.S.-

parent financial and operating data, and (3) direct investment position and balance of payments data. The

financial and operating data cover balance sheets and

income statements; property, plant, and equipment;

employment and compensation of employees; trade in

goods; sales of goods and services; gross product; technology; taxes; and external financial position.

The direct investment position and balance of payments data cover positions and transactions between

foreign affiliates and their U.S. parents. These data are

the source of the official estimates of direct investment

that enter the U.S. national income and product accounts (NIPAs) and the U.S. international investment

position and international transactions (or “balance of

payments”) accounts. Balance of payments data include data on capital flows between U.S. parents and

their foreign affiliates that are recorded in the financial

account of the balance of payments, receipts of income

by U.S. parents from their foreign affiliates, and U.S.

parents’ receipts and payments of royalties and license

fees and charges for other services from and to their

foreign affiliates.2

 The direct investment capital flows,

income, and position data collected in the benchmark

survey and shown in this publication are on a historical-cost basis; prior to their inclusion in the international accounts and the NIPAs they are adjusted to

reflect current-period prices.

The amount and type of data collected in the survey

differed, depending on whether the U.S. parents or for1. Public Law 472, 94th Cong., 90 Stat. 2059, 22 U.S.C. 3101–3108, as

amended.

2. Benchmark survey data on U.S. trade in goods of parents and affiliates

are grouped under financial and operating data rather than balance of payments data, because they are not the source of the official trade in goods

statistics in the U.S. international transactions accounts.

eign affiliates were banks or nonbanks and, for nonbank affiliates, depending on whether they were

majority or minority owned.3 In this publication, data

for foreign affiliates and for their U.S. parents are presented separately for five affiliate groups: (1) All affiliates of all U.S. parents, (2) nonbank affiliates of

nonbank U.S. parents, (3) majority-owned nonbank

affiliates of nonbank U.S. parents, (4) nonbank affiliates of U.S. parents in banking, and (5) bank affiliates

of all U.S. parents.

A variety of table formats are used: Some tables

present data for several related items disaggregated by

country or by industry; others present data for a single

item disaggregated by country (or industry) and

cross-classified by industry (or country).

The data in this publication supersede the preliminary estimates that appeared in U.S. Direct Investment

Abroad: Preliminary Results From the 1999 Benchmark

Survey and that were summarized in “Operations of

U.S. Multinational Companies: Preliminary Results

from the 1999 Benchmark Survey” in the March 2002

issue of the SURVEY OF CURRENT BUSINESS.

The financial and operating data in this publication

are part of an annual time series that begins with data

for 1982 (see table 1 on the next page). Benchmark

surveys were conducted for 4 years in the series—1982,

1989, 1994, and 1999—and they will continue to be

conducted every 5 years. In nonbenchmark survey

years, a sample survey is conducted to derive universe

estimates that are comparable with the benchmark

survey data.4

 The estimates for most years are available in publications, and the estimates for 1983 forward are also available in files that can be downloaded

at no charge. For information on how to order the

publications or to download the data, go to BEA’s Web

site at <www.bea.gov>. Some data items—such as employment of U.S. parents by industry of sales, U.S.

trade in goods of parents and affiliates by product and

3. In this publication, the term “bank” is used to describe parents and

affiliates that are classified under the BEA international surveys industry

category “depository credit intermediation,” which includes bank holding

companies, credit unions, and savings institutions as well as commercial

banks.

4. The sample of affiliates for nonbenchmark surveys is determined by

size. The sample for the nonbenchmark survey covering 1998, for example,

consisted of affiliates that had total assets, sales, or net income (or loss)

greater than $20 million.
M–2 Methodology USDIA: 1999 BENCHMARK SURVEY

by destination or origin, compensation of and hours

worked by production workers of manufacturing affiliates, sales by affiliates by country of destination—are

collected in benchmark surveys, but not in the annual

surveys.

The numbering scheme for the tables that appears

after the methodology on page M–37 lists the tables in

this publication and gives the comparable tables—

where available—for the publications for 1977 and for

1982–98. Many of the tables that appear in this publication do not have counterparts in the publications for

annual survey years, primarily because the 1999

benchmark survey collected data for some items that

were not collected in the annual surveys.

In some instances, data items collected separately in

the benchmark survey may have been combined with

other items in the annual survey. Thus, two or more

items that were combined in a table in the annual survey publications may be shown separately in a table in

this publication.

Coverage

The benchmark survey covered every U.S. person (as

defined below) who had a foreign affiliate—that is,

who had direct or indirect ownership or control of 10

percent or more of the voting securities of an incorporated foreign business enterprise or an equivalent interest in an unincorporated foreign business enterprise—any time during its 1999 fiscal year.

The financial and operating data cover every U.S. or

foreign business enterprise that was a U.S. parent or a

foreign affiliate at the end of its 1999 fiscal year. In addition, the direct investment position and balance of

payments data cover foreign businesses that were foreign affiliates at any time during their 1999 fiscal year

but that were not affiliates at the end of the year, because the U.S. parents’ interest in them had been liquidated or sold. The foreign affiliates that were liquidated or sold during the year are covered so that the coverage of the direct investment position and balance of

payments data in this publication is consistent with

that of the U.S. international investment position and

international transactions accounts.5

As a result of this difference in coverage, some balance of payments data items may not be fully comparable with their counterparts in the financial and

operating data. For example, the total for net income

5. Because these affiliates were sold or liquidated during 1999, they are

excluded from the investment position at yearend 1999. However, some

tables present data on the position at yearend 1998, when these affiliates

were still included in the foreign direct investment universe and, hence, in

the estimates.

Table 1. Selected Financial and Operating Data of Nonbank U.S. Parents and Nonbank Foreign Affiliates, 1982–99

U.S. parents Foreign affiliates

Millions of dollars

Thousands 

of 

employees

Millions of dollars

Thousands 

of 

employees

Total

assets Sales Net income

Compensation 

of 

employees

U.S. 

exports of 

goods 

shipped 

by 

parents

U.S. 

imports of 

goods 

shipped 

to 

parents

Total assets Sales Net 

income

Compensation 

of 

employees

U.S. 

exports 

of goods 

shipped 

to 

affiliates

U.S. 

imports 

of goods 

shipped 

by

affiliates

1982 2,741,619 2,348,388 102,044 520,383 153,792 108,651 18,704.6 751,486 935,780 31,309 111,709 56,718 51,406 6,640.2

1983 2,902,793 2,377,488 102,007 522,645 146,212 118,135 18,399.5 750,823 886,314 36,624 102,770 57,545 53,237 6,383.1

1984 3,060,031 2,508,779 117,022 533,666 159,600 135,734 18,130.9 759,994 898,558 43,022 100,700 66,343 62,975 6,417.5

1985 3,462,398 2,586,695 107,163 554,033 164,138 139,416 18,112.6 834,636 895,460 43,291 102,367 69,618 68,181 6,419.3

1986 3,792,001 2,544,439 108,219 563,627 161,160 136,829 17,831.8 931,293 928,915 48,570 117,604 71,065 65,468 6,250.2

1987 4,175,308 2,689,227 125,374 579,715 166,425 150,865 17,985.8 1,110,654 1,052,795 62,108 136,104 78,887 75,937 6,269.6

1988 4,363,441 2,828,209 156,083 591,434 199,704 163,117 17,737.6 1,206,326 1,194,733 76,787 151,461 94,881 87,291 6,403.5

1989 4,852,373 3,136,837 170,663 666,196 223,251 178,526 18,765.4 1,330,028 1,284,894 85,342 165,804 102,558 97,394 6,622.1

1990 4,951,048 3,243,721 134,229 688,545 224,944 191,507 18,429.7 1,559,038 1,493,426 84,558 184,809 106,426 102,150 6,833.9

1991 5,183,286 3,252,534 91,959 706,859 239,674 193,343 17,958.9 1,678,345 1,541,566 77,076 196,134 115,311 102,783 6,878.2

1992 5,579,798 3,330,886 39,305 724,931 249,890 205,212 17,529.6 1,761,998 1,574,069 73,723 201,537 122,024 108,357 6,660.1

1993 6,053,306 3,480,778 102,734 754,230 256,715 206,380 17,536.9 2,047,307 1,570,563 77,825 201,126 131,713 114,633 6,684.6

1994 6,718,003 3,990,013 191,154 805,372 323,331 237,519 18,565.4 2,376,902 1,757,388 93,986 224,275 159,454 134,182 7,104.6

1995 7,190,686 4,235,578 234,524 817,375 348,831 263,649 18,576.2 2,825,558 2,040,739 127,050 240,794 177,827 148,564 7,344.9

1996 7,821,047 4,478,970 304,191 846,847 373,443 298,587 18,790.0 3,091,927 2,233,698 138,962 252,601 194,029 164,773 7,544.1

1997 8,811,175 4,886,330 328,065 899,352 407,256 321,601 19,877.7 3,416,071 2,350,939 159,738 261,373 220,543 176,673 7,972.5

1998 9,614,209 4,970,138 347,718 919,532 395,834 321,325 19,819.8 3,921,467 2,369,990 148,357 263,584 206,404 183,200 8,183.8

1999 11,688,359 5,975,478 394,515 1,103,919 407,602 360,959 23,006.8 4,631,810 2,611,764 181,915 295,311 196,499 194,511 9,220.2
USDIA: 1999 BENCHMARK SURVEY Methodology M–3

shown in the financial and operating data excludes the

net income of these former affiliates, but the U.S. parents’ share of this income is included in the balance of

payments measure of income on U.S. direct investment abroad.

Each benchmark survey report consisted of (1)

Form BE–10A, which requested the data for the U.S.

parent company, and (2) one or more Form BE–10Bs,

which requested the data for each of the parent’s foreign affiliates that had total assets, sales, or net income

(or loss) greater than $7 million or that owned another

foreign affiliate for which a Form BE–10B had to be

filed. (See copies of the BE–10 forms in the appendix.)

Based on the above criteria, complete BE–10A

forms were filed by 2,125 U.S. parents; 481 U.S. parents

filed partial BE–10A forms because all their foreign affiliates were exempt. BE–10B forms were received for

23,980 foreign affiliates; 16,125 foreign affiliates were

listed by their U.S. parents as exempt from being reported on Form BE–10B.

In table 2, foreign affiliates for which BE–10B forms

were filed are compared with all foreign affiliates in the

1999 direct investment universe. Affiliates for which

BE–10B forms were filed accounted for 59.8 percent of

the universe in terms of numbers. However, because of

the relatively low exemption level on the form, they accounted for almost the entire universe in terms of

value—99.6 percent of total assets, 99.0 percent of

sales, 100.2 percent of net income, and 99.2 percent of

the historical-cost U.S. direct investment position

For exempt affiliates, a few data items were required

to be reported on a supplement to the 1999 benchmark

survey forms. In the final 1999 benchmark data presented here, these data items were included in the published totals and were also used as the basis for

estimating other items covered by the survey.

The impact of the inclusion of the new estimates for

exempt affiliates on the published aggregate estimates

is generally negligible, although it may be significant

for a few data items or for a few individual host countries (particularly those that are less developed). For

example, exempt affiliates accounted for 0.6 percent of

the assets, 1.1 percent of the gross product, 3.4 percent

of the employment, and less than 0.1 percent of the

capital expenditures of all majority-owned nonbank

foreign affiliates (MOFAs). In India, the employment

of exempt affiliates accounted for a substantially larger

share—10.9 percent—of the employment of all

MOFAs in 1999.

The values for parents of only exempt affiliates,

however, are more significant. Parents of only exempt

affiliates accounted for 1.6 percent of the assets, 3.8

percent of the gross product, 6.1 percent of the employment, and 2.7 percent of the capital expenditures

of all nonbank U.S. parent companies in 1999. Thus,

the addition of data for parents of only exempt affiliates does affect the comparability of the 1999 data with

data for earlier years for some data items for U.S.

parents and for U.S. MNCs overall.

abroad.

Beginning with the revised 1999

benchmark survey data presented in this

volume, BEA broadened its coverage of

the direct investment universe. In the

past, BEA did not produce estimates for

foreign affiliates that were exempt, due to

their small size, from reporting on the

benchmark survey and for parents that

had only exempt foreign affiliates. Estimates for these affiliates and parents are

now included in the multinational company data in order to eliminate the small

downward bias attributable to these exclusions.6

6. The number of affiliates shown in the tables of this

publication exclude affiliates that were exempt from

reporting, even though estimates for exempt affiliates are

now included in the data for other items. Similarly, the

number of U.S. parents shown in the tables of this publication exclude those parents that owned only exempt

affiliates, even though estimates for such parents are

included in the data for other items.

Table 2. Universe of Foreign Affiliates and Reported and Exempt Affiliates 

Number

of

affiliates

Millions of dollars

Total 

assets Sales Net income

U.S. direct 

investment 

position 

abroad on a 

historicalcost basis

Universe of foreign affiliates:

Total............................................... 40,105 6,575,709 2,656,356 192,021 1,186,882

Nonbank affiliates.......................... 39,154 4,657,573 2,637,900 181,514 1,154,908

Bank affiliates................................ 951 1,918,136 18,456 10,507 31,973

Foreign affiliates reported:

Total............................................... 23,980 6,549,776 2,630,165 192,429 1,177,615

Nonbank affiliates ......................... 23,121 4,631,810 2,611,764 181,915 1,145,644

Bank affiliates ................................ 859 1,917,966 18,401 10,514 31,971

Exempt foreign affiliates:

Total............................................... 16,125 25,933 26,191 –408 9,267

Nonbank affiliates ......................... 16,033 25,763 26,136 –401 9,265

Bank affiliates................................ 92 170 55 –7 2

Percent of the universe of affiliates reported

Total............................................... 59.8 99.6 99.0 100.2 99.2

Nonbank affiliates ......................... 59.1 99.4 99.0 100.2 99.2

Bank affiliates................................ 90.3 100.0 99.7 100.1 100.0
M–4 Methodology USDIA: 1999 BENCHMARK SURVEY

Concepts and Definitions

This section describes the basic concepts and definitions used in the 1999 benchmark survey. Major differences between these concepts and definitions and

those used in BEA’s prior benchmark survey, which

covered 1994, and in other BEA surveys of U.S. direct

investment abroad since 1994 are noted.

Direct investment

Direct investment implies that a person in one country

has a lasting interest in, and a degree of influence over

the management of, a business enterprise in another

country. For the United States, in accordance with international guidelines, ownership or control by a single

“person” of 10 percent or more of an enterprise’s voting securities or the equivalent is considered evidence

of such a lasting interest or degree of influence over

management.7

 Thus, U.S. direct investment abroad is

the ownership or control, directly or indirectly, by one

U.S. person of 10 percent or more of the voting securities of an incorporated foreign business enterprise or

an equivalent interest in an unincorporated foreign

business enterprise. Only U.S. investment abroad that

is direct investment was covered by the 1999 benchmark survey.

Direct investment refers to ownership by a single

person, not to the combined ownership of all persons

in a country. A “person” is broadly defined to include

any individual, branch, partnership, associated group,

association, estate, trust, corporation or other organization (whether or not organized under the laws of any

State), and any government (including a foreign government, the U.S. Government, a State or local government, and any agency, corporation or financial

institution, or other entity or instrumentality thereof,

including a government-sponsored agency).

An associated group consists of two or more persons who exercise their voting privileges in a concerted

manner by the appearance of their actions, by agreement, or by understanding in order to influence the

management of a business enterprise. The following

are deemed to be associated groups: (1) Members of

the same family, (2) a business enterprise and one or

more of its officers and directors, (3) members of a

syndicate or joint venture, and (4) a corporation and

its domestic subsidiaries. Thus, direct investment is

considered to exist as long as the combined ownership

7. See International Monetary Fund (IMF), Balance of Payments Manual,

5th ed. (Washington, DC: IMF, 1993); and Organisation for Economic Cooperation and Development (OECD), OECD Benchmark Definition of Foreign Direct Investment, 3rd ed. (Paris: OECD, 1996).

interests of all members of the group is at least 10 percent, even if no member owns 10 percent or more. The

definition assumes, in effect, that the members’ influence over management is comparable to that of a single person with the same ownership interest.

Direct investment in a foreign business enterprise

can result from direct or indirect ownership by a U.S.

person. In direct ownership, the U.S. person holds the

ownership interest in the foreign business enterprise.

In indirect ownership, one or more tiers of ownership

exist between the foreign business enterprise and the

U.S. person. A U.S. person’s percentage of indirect voting ownership in a given foreign business enterprise is

equal to the direct-voting-ownership percentage of the

U.S. person in the first foreign business enterprise in

the ownership chain multiplied by that first enterprise’s direct-voting-ownership percentage in the second foreign business enterprise in the chain multiplied

by the corresponding percentages for all other intervening enterprises in the chain multiplied by the last

intervening enterprise’s direct-voting-ownership percentage in the given foreign business enterprise. If

more than one ownership chain exists, the percentages

of direct and indirect ownership in all chains are

summed to determine the U.S. person’s ownership

percentage.

Investment by a U.S. person of less than 10 percent

in a foreign business enterprise is not considered direct

investment, even if another U.S. person has an interest

of a least 10 percent in the enterprise. Thus, if one U.S.

person owns 11 percent and another owns 9 percent,

the 11-percent interest is included in direct investment, but the 9-percent interest is excluded. However,

if two or more U.S. persons each hold an interest of at

least 10 percent, each such interest is included.

Determination of residency

For purposes of the benchmark survey (and BEA’s

other direct investment surveys), the “United States”

means the 50 States, the District of Columbia, the

Commonwealth of Puerto Rico, and all U.S. territories

and possessions. Oil and gas sites that are within U.S.

territorial waters are also considered to be in the

United States.

“Foreign” means that which is situated outside the

United States or that belongs to, or is characteristic of,

a country other than the United States.

The country of residence, rather than the country of

citizenship, of a person is used to determine whether a

direct investor or the business enterprise owned by a

direct investor is U.S. or foreign. A U.S. person is any
USDIA: 1999 Benchmark Survey Methodology M–5

person who resides in, or is subject to the jurisdiction

of, the United States, and a foreign person is any person who resides outside the United States or who is

subject to the jurisdiction of a country other than the

United States.

A person is considered a resident of, or is subject to

the jurisdiction of, the country in which the person is

located if the person resides or expects to reside in that

country for 1 year or more. Under this rule, persons

who reside or expect to reside outside their country of

citizenship for less than 1 year are considered residents

of their country of citizenship, whereas persons who

reside or expect to reside outside their country of citizenship for 1 year or more are considered residents of

the country in which they are residing.

There are two exceptions to this rule. First, individuals (and their immediate families) who either own or

are employed by a business in their country of citizenship and who are residing outside of that country for 1

year or more in order to conduct business for the enterprise are considered residents of their country of citizenship if they intend to return within a reasonable

period of time. Second, individuals who reside outside

their country of citizenship because they are government employees (such as diplomats, consular officials,

members of the armed forces, and their immediate

families) are considered residents of their country of

citizenship regardless of their length of stay.

The U.S. parent

A U.S. parent is a U.S. person who has direct investment—that is, a 10-percent-or-more direct or indirect

ownership interest—in a foreign business enterprise.

Because a U.S. parent is a “person” in the broad sense

defined above, it may be a business enterprise; a religious, charitable, or other nonprofit organization; an

individual; a government; an estate or trust; and so

forth. In actuality, almost all U.S. parents are business

enterprises. A business enterprise is any organization,

association, branch, venture, or the ownership of any

real estate that exists to make a profit or to otherwise

secure economic advantage.8

Each U.S. parent that was an incorporated business

enterprise was required to report on a fully consolidated domestic (U.S.) basis. The full consolidation

consists of (1) the U.S. corporation with the direct investment ownership interest in a foreign business en8. Ownership of real estate for profit-making purposes is defined to be a

business enterprise, but ownership of real estate exclusively for personal use

is not. A residence that is leased to others by an owner who intends to reoccupy it is considered real estate held for personal use and not a business

enterprise.

terprise, (2) any U.S. corporation, proceeding up that

U.S. corporation’s ownership chain, that owns more

than 50 percent of the U.S. corporation below it, and

(3) any U.S. corporation, proceeding down the ownership chains of each of these corporations, that is owned

more than 50 percent by the U.S. person above it. The

consolidation excludes all other U.S. business enterprises and all foreign branches and subsidiaries owned

by any of these U.S. corporations.

Where a U.S. individual or other nonbusiness person (such as a nonprofit organization or a government) owns more than 50 percent of a U.S. business

enterprise that, in turn, owns a foreign business enterprise, the U.S. business enterprise, not the individual

or other nonbusiness person, is considered the parent.

This treatment ensures that financial and operating

data of the U.S. business enterprise are included in the

U.S.-parent data and that data on the transactions and

positions of the U.S. business enterprise with the foreign business enterprise are included in the foreign-affiliate data reported to BEA. Any direct transactions or

positions of the individual or other nonbusiness person with the foreign business enterprise must be reported by the U.S. business enterprise and are,

therefore, also included in the direct investment accounts.

The U.S. Government may have equity investment

in a foreign business enterprise, but such investment is

not covered by BEA’s direct investment surveys. Data

on such investment are reported to other agencies and

are included by BEA in the U.S. Government accounts,

rather than in the direct investment accounts, of the

U.S. international transactions accounts and the international investment position.

In the case of a U.S. estate, the estate itself, not its

beneficiary, is considered the U.S. parent. For a U.S.

trust, however, either the beneficiary or the creator of

the trust may be considered the U.S. parent with respect to any investments of the trust, depending on the

circumstances. A U.S. creator is considered the parent

if there is a reversionary interest—that is, if the interest

in the trust may be returned to the creator after a period of time—or if the creator is a U.S. corporation or

other organization that designates its own shareholders or members as beneficiaries. In all other cases, the

U.S. beneficiary is considered the parent.

The foreign affiliate

A foreign affiliate is a foreign business enterprise in

which there is U.S. direct investment; that is, it is a foreign business enterprise that is directly or indirectly
M–6 Methodology USDIA: 1999 BENCHMARK SURVEY

owned or controlled by one U.S. person to the extent

of 10 percent or more of the voting securities for an incorporated business enterprise or an equivalent interest for an unincorporated business enterprise. The

affiliate is called a foreign affiliate to denote that it is located outside the United States.

A business enterprise, and therefore an affiliate, may

be either incorporated or unincorporated. Unincorporated business enterprises primarily take the form of

branches and partnerships.

A foreign affiliate that is a branch consists of operations or activities in a foreign country that a U.S. person conducts in its own name rather than through an

entity separately incorporated abroad. By definition, a

branch is wholly owned. If a company is incorporated

in the United States but carries out substantially all of

its operations abroad, its foreign operations are treated

by BEA as a foreign branch (and, therefore, as a foreign

affiliate) even though the U.S. company itself may consider the operations to be an integral part of, and

would normally consolidate them with, its domestic

operations and accounts.

In general, the foreign operations or activities of a

U.S. person are considered to be a foreign affiliate if

they are legally or functionally separable from the domestic operations or activities of the U.S. person. In

most cases, it is clear whether the foreign operations or

activities constitute a foreign affiliate. If an operation

or activity is incorporated abroad—as most are—it is

always considered a foreign affiliate. The situation is

not always so clear with unincorporated foreign operations or activities. Most are legally or functionally separable from those of the U.S. person, but some are not

clearly separable, and the determination of whether

they constitute a foreign affiliate is made on a

case-by-case basis, depending on the weight of the evidence.

The following characteristics would indicate that

the unincorporated operation or activity is probably a

foreign affiliate:

● It pays foreign income taxes.

● It has a substantial physical presence abroad, as evidenced by plant and equipment or by employees

that are permanently located abroad.

● It has separate financial records that would allow the

preparation of financial statements, including a balance sheet and income statement. (A mere record of

disbursements to, or receipts from, the foreign

operation or activity does not constitute a “financial

statement” for this purpose.)

● It takes title to the goods it sells and receives revenues from the sale, or it receives funds from customers for its own account for services it performs.

The following characteristics would indicate that

the unincorporated operation or activity is probably

not a foreign affiliate: 

● It conducts business abroad only for the U.S. person’s account, not for its own account (for example,

it engages only in sales promotion or public relations activities on behalf of the U.S. person).

● It has no separate financial records that allow the

preparation of financial statements.

● Its expenses are paid by the U.S. parent.

● It pays no foreign income taxes.

● It has limited physical assets or few employees permanently located abroad.

In general, each foreign affiliate was required to be

reported separately. However, consolidation of affiliates in the same country was permitted if the affiliates

were in the same four-digit industry or were integral

parts of the same business operation.9

 (As an example

of the latter, if Mexican affiliate A manufactured automobile engines and a majority of its sales were to Mexican affiliate B, which assembled automobiles, then

affiliates A and B could have been consolidated.) Under no circumstances were operating affiliates in different countries permitted to be consolidated.

A majority-owned foreign affiliate (MOFA) is a foreign affiliate in which the combined direct and indirect

ownership interest of all U.S. parents exceeds 50 percent. Data for MOFAs rather than data for all foreign

affiliates are required in order to examine the foreign

investments over which U.S. parents exhibit unambiguous control.10 Additionally, some aspects of affiliate

operations can only be analyzed from the perspective

of MOFA operations, because the necessary data items

are not collected for other affiliates.

A small percentage of MOFAs are majority owned

by a group of U.S. parents in which no one of the parents has a majority stake.11 The group usually influences or controls the management of the affiliate as a

single parent that has the same total ownership interest

would. Most of these jointly owned MOFAs are in the

petroleum industry, where parents sometimes pool

their resources in order to raise capital or to mitigate

risk.

9. For a description of the industry codes used, see BEA’s Guide to Industry and Foreign Trade Classifications for International Surveys in the appendix.

10. However, the U.S. parent(s) may be under the control of a foreign parent company. In 1999, for example, nonbank U.S. parents that were ultimately controlled by foreign parents accounted for 18 percent of all

nonbank U.S. parents, and they accounted for 16 percent of the assets and

for 15 percent of the sales of all nonbank U.S. parents.

11. In 1999, for example, MOFAs in which none of the U.S. parents had a

majority stake accounted for 0.8 percent of all nonbank MOFAs, and they

accounted for 0.7 percent of the assets and for 0.8 percent of the sales of all

nonbank MOFAs.
USDIA: 1999 BENCHMARK SURVEY Methodology M–7

Accounting Principles

Use of generally accepted accounting principles

Data in the 1999 benchmark survey were required to

be reported as they would have been for stockholders’

reports rather than for tax or other purposes. Thus,

U.S. generally accepted accounting principles (GAAP)

were followed unless otherwise indicated by the survey

instructions. The survey instructions departed from

GAAP only in cases where the departure would result

in data that were conceptually or analytically more

useful or more appropriate for direct investment purposes. One major departure from GAAP was the use of

the unique consolidation rules (see the preceding discussions of consolidated reporting in “The U.S. parent” and in “The foreign affiliate” in the section

“Concepts and Definitions”).

Currency translation

Monetary amounts were reported to BEA in thousands

of U.S. dollars. The report forms specified that when a

foreign affiliate’s assets, liabilities, revenues, and expenses were denominated or measured in the affiliate’s

financial statements in a foreign currency, they must

be translated into dollars in accordance with GAAP,

specifically Financial Accounting Standards Board

Statement No. 52 (FAS 52).

Under FAS 52, all assets, liabilities, revenues, and expenses are translated at current exchange rates. For assets and liabilities, the exchange rate as of the balance

sheet date is used. For revenues and expenses,

weighted-average exchange rates for the period are

used.

Under FAS 52, exchange gains and losses resulting

from remeasuring the foreign affiliates’ assets and liabilities that are denominated in foreign currencies

other than the affiliate’s principal, or functional, currency into the functional currency at exchange rates

that differ from those used in the prior period are included in affiliates’ net income. However, exchange

gains and losses that result from translating opening

balances for foreign affiliates’ assets and liabilities from

the functional currency into U.S. dollars at exchange

rates different from those for closing balances are taken

directly to a separate component of owners’ equity, entitled “cumulative translation adjustments,” rather

than being included in net income. The effects of

translating foreign affiliates’ revenues and expenses

from their functional currency into U.S. dollars at exchange rates different from those in the prior period

are reflected in net income, but they are not separately

identified, and because they do not represent changes

in the values of assets or liabilities, they are not regarded as capital gains or losses.

Valuation

The 1999 benchmark survey data are, for the most

part, valued in the prices and exchange rates of 1999.

Because 1999 prices and exchange rates may differ

from those of other years, changes in U.S.-parent and

foreign-affiliate data over time may reflect changes in

prices and exchange rates rather than real changes. In

addition, the validity of comparisons of foreign affiliate data across countries may be affected if the market

exchange rates used to translate foreign-affiliate data to

U.S. dollars do not reflect the relative purchasing

power of different currencies.12

In general, stock items from the benchmark survey—such as property, plant, and equipment and the

direct investment position—are valued at historical

cost. For these items, the values shown largely reflect

prices at the time the asset was acquired or the investment was made rather than prices of 1999.13

Fiscal Year Reporting

Data for foreign affiliates and U.S. parents were required to be reported on a fiscal year basis. The 1999

fiscal year was defined to be the affiliate’s or parent’s financial reporting year that ended in calendar year

1999.

The data for fiscal year 1999 from the benchmark

survey that are presented in this publication differ

from the 1999 calendar year estimates of transactions

between foreign affiliates and their U.S. parents that

appear in the U.S. international transactions accounts

or with the 1999 calendar year estimates of the U.S. direct investment position abroad. The benchmark survey data must be adjusted to a calendar year basis

before they are entered into the U.S. direct investment

position abroad and the international transactions accounts.

The size of the differences between the fiscal year

data presented here and the calendar year estimates

that are presented in the U.S. direct investment position and international transactions accounts depends

12. For a further discussion of valuation issues and for the results of an

initial BEA attempt to remove valuation effects from its estimates of the

gross product of MOFAs, see Raymond J. Mataloni, Jr., “Real Gross Product

of U.S. Companies’ Majority-Owned Foreign Affiliates in Manufacturing,”

SURVEY OF CURRENT BUSINESS 77 (April 1997): 8–17.

Since the initial publication of the real gross product estimates in 1997,

BEA has updated the series annually. The initial series covered 1982–94, was

valued in chained 1993 dollars, and provided country detail for 19 selected

member countries of the Organisation for Economic Co-operation and

Development (OECD). When this volume went to press, the most recent

series covered 1994–2000, was valued in chained 1996 dollars, and provided

country detail for 24 selected OECD countries. See Raymond J. Mataloni,

Jr., “U.S. Multinational Companies: Operations in 2000,” SURVEY 82 (December 2002): 111–131.

13. For further discussion of historical-cost valuation of the direct investment position, see the section “U.S. direct investment position abroad.”
M–8 Methodology USDIA: 1999 BENCHMARK SURVEY

on the number and size of foreign affiliates and U.S.

parents whose fiscal years do not correspond to the

calendar year. Figures on the number of foreign affiliates and U.S. parents that have fiscal years that do not

correspond to the calendar year and on the portion of

the benchmark survey data accounted for by these foreign affiliates and U.S. parents are shown in table 3.

Confidentiality

Under the International Investment and Trade in Services Survey Act, the direct investment data collected

by BEA are confidential. Without the prior written

permission of the respondent, the data cannot be published in such a manner “that the person to whom the

information relates can be specifically identified.” For

this publication, each cell in a table was tested to determine whether the data it contained should be suppressed (that is, not shown) for confidentiality reasons.

A “(D)” in a cell indicates that the data were suppressed to avoid the disclosure of information on an

individual company. For employment data, a letter

representing a size range was entered in place of a

“(D).”

The act further stipulates that the data must be used

for statistical and analytical purposes only; the use of

an individual company’s data for tax, investigative, or

regulatory purposes is prohibited. Access to the data is

limited to officials and employees (including consultants and contractors and their employees) of Government agencies who, under the terms of the act, are

granted access for specified statistical and analytical

purposes.

Private individuals may obtain access to the data

only in the capacity of experts, consultants, or contractors whose services are procured by BEA, usually

on a temporary or intermittent basis, for purposes of

carrying out projects under the act—for example, to

perform research on U.S. direct investment abroad.

These people are subject to the same confidentiality requirements as regular employees of BEA or other government agencies performing functions under the act.

Classification of Data

Classification by country

Each foreign affiliate is classified by its country of location—that is, the country in which the affiliate’s physical assets are located or in which its primary activity is

carried out. In most cases, the country of location of a

business enterprise is the same as its country of organization or incorporation. However, in some cases, a

business enterprise is incorporated in one country,

but part or all of its physical assets are located, or its

activities are carried out, in a second country. If all its

Table 3. Selected Data for Foreign Affiliates and U.S. Parents by End of Fiscal Year

[Millions of dollars]

Total

End of fiscal year

Jan. 1 to 

Mar. 31

April 1 to 

June 30

July 1 to 

Sept. 30

Oct. 1 to 

Dec. 31 Dec. 31

Foreign affiliates

Number of foreign affiliates ........................................... 23,980 968 1,817 1,962 19,233 17,236

Total assets ................................................................... 6,544,293 124,220 205,920 177,083 6,037,070 5,134,776

Sales ............................................................................. 2,630,165 121,405 163,135 153,272 2,192,353 1,912,946

Net income.................................................................... 192,429 4,045 8,874 9,699 169,811 138,115

Compensation of employees......................................... 305,959 14,241 18,092 19,849 253,777 224,387

Thousands of employees .............................................. 9,412.3 554.6 530.1 733.3 7,594.3 6,720.3

U.S. exports of goods shipped to affiliates.................... 196,499 5,428 10,105 16,260 164,706 145,439

U.S. imports of goods shipped by affiliates ................... 194,511 8,003 8,140 13,525 164,843 151,648

Position on a historical-cost basis ................................. 1,186,882 29,751 52,243 50,469 1,054,419 939,903

Direct investment income.............................................. 109,268 2,405 5,226 6,361 95,276 80,866

U.S. parents

Number of U.S. parents................................................. 2,606 208 234 228 1,936 1,704

Total assets ................................................................... 11,686,512 138,189 497,398 381,314 10,669,611 9,651,142

Sales ............................................................................. 5,973,727 255,511 396,502 329,513 4,992,201 4,403,278

Net income.................................................................... 394,512 5,982 21,138 26,321 341,071 301,810

Compensation of employees......................................... 1,103,923 38,577 77,823 73,115 914,408 809,909

Thousands of employees .............................................. 23,048.2 1,660.7 1,751.9 1,477.5 18,158.1 15,850.3

U.S. exports of goods shipped by parents .................... 407,602 4,979 33,867 35,040 333,716 293,964

U.S. imports of goods shipped to parents ..................... 360,959 10,048 15,325 16,695 318,891 265,622
USDIA: 1999 BENCHMARK SURVEY Methodology M–9

physical assets or operations are located in a single foreign country outside its country of incorporation, the

enterprise is treated as an incorporated foreign affiliate

in the country where its physical assets and operations

are located. If, however, an enterprise has some physical assets or operations in each country, it is considered

two separate affiliates—an incorporated affiliate located in the country of incorporation and an unincorporated affiliate located in the other country.

There are three exceptions to these general rules.

First, if a business enterprise incorporated in one foreign country has physical assets or operations in more

than one other foreign country, an incorporated foreign affiliate is deemed to exist in the country of incorporation, even though the enterprise may have no

physical assets or operations in that country. Unincorporated foreign affiliates are deemed to exist in the

other foreign countries. In effect, the affiliate in the

country of incorporation is considered a holding company whose assets are the equity it holds in the unincorporated affiliates in the other countries. Second, if a

business enterprise incorporated abroad by a U.S. person conducts its operations from, and has all of its

physical assets in, the United States, it is treated as an

incorporated foreign affiliate in the country of incorporation, even though it has no operations or physical

assets there. This treatment ensures that the foreign

entity is reported to BEA. Third, affiliates that have operations spanning more than one country and that are

engaged in petroleum shipping, other water transportation, or offshore oil and gas drilling are classified in

the country of residence of the operator of the ship or

the equipment. In most cases the country of the operator is the same as the country of incorporation. In the

previous benchmark and annual survey publications,

these affiliates were classified in a separate geographic

category “international.”

Balance of payments transactions between parents

and affiliates are recorded against the country of the affiliate with which the U.S. parent had a direct transaction, even if the transaction may reflect indirect claims

on, liabilities to, or income from indirectly held affiliates in third countries. For example, suppose that a

U.S. parent company acquires all of the equity of a

German manufacturer for $100 million, channeling

the purchase through its holding-company affiliate in

the Netherlands. Both the direct investment capital

flow and the direct investment position would be recorded against the Netherlands, because that is the

country of the affiliate with which the U.S. parent had

a direct transaction. (By contrast, the financial and operating data—such as employment and sales data—of

the newly acquired affiliate would be shown in Germany because that is where the operations are located.)

Transactions with third-country transactors involving a given affiliate are classified in the affiliate’s country of location. For example, suppose a U.S. parent

purchases a Japanese affiliate’s capital stock from a

French resident; the resulting direct investment capital

flow would be classified in Japan because such flows

change the U.S. direct investment position in that

country. (However, the associated settlement flows,

which would be included in other financial accounts of

the U.S. international transactions accounts, would

likely be classified in France.)

Unless otherwise specified, the designation “by

country” in a table title in this publication indicates

that the data in the table are disaggregated by country

of foreign affiliate. If a different method of country disaggregation is used, it is specified in the table title; for

example, trade data could be disaggregated either by

country of affiliate or by country of origin or destination.

In table II.A1, selected data for all nonbank foreign

affiliates of nonbank U.S. parents are classified by

country of affiliate; each country in which U.S. direct

investment in 1999 was reported is shown separately

and is grouped by geographic area. Table III.A1 presents similar information for majority-owned foreign

affiliates. Primarily because of confidentiality requirements, many countries could not be shown separately

in the other tables in this publication. However, the individual countries included in a country group shown

in the other tables may be determined, and their relative sizes assessed, by referring to table II.A1 or table

III.A1.

Classification by industry

The 1999 benchmark survey marks the first year that

annual and benchmark survey data on U.S. direct investment abroad have been classified by industry using

BEA’s International Survey Industry (ISI) classification

system that is based on the 1997 North American Industry Classification System (NAICS).14 NAICS is the

new industry classification system of the United States,

Canada, and Mexico.15 In the United States, NAICS

supplants the 1987 Standard Industrial Classification

(SIC), which was the basis for the old ISI classification

14. The new industry classification system was introduced to BEA data on

foreign direct investment in the United States with the 1997 benchmark

survey. See Foreign Direct Investment in the United States: Final Results from

the 1997 Benchmark Survey (Washington, DC: U.S. Government Printing

Office, June 2001).

15. Office of Management and Budget (OMB), North American Industry

Classification System: United States, 1997 (Lanham, MD: Bernan Press,

1998). The latest NAICS manual, which was prepared after the collection of

BEA’s 1999 benchmark survey data, is Office of Management and Budget,

North American Industry Classification System: United States, 2002 (Lanham, MD: Bernan Press, 2002). Information on NAICS can be accessed on

the Internet at <www.census.gov/epcd/www/naics.html>.
M–10 Methodology USDIA: 1999 BENCHMARK SURVEY

system.16 Among other improvements, NAICS better

reflects new and emerging industries, industries involved in the production of advanced technologies,

and service industries.

Many of the NAICS industries correspond directly

to SIC industries; similarly, many of the NAICS-based

ISI industries correspond directly to SIC-based ISI industries.

However, many of these industries have been rearranged among the higher level groups in which they

appear. In addition, the NAICS includes several new,

higher level groups. At the highest level of aggregation,

the 20 industry groups—termed “sectors”—in the NAICS replace the 10 industry divisions in the SIC. Several of the NAICS (and NAICS-based ISI) sectors do

not correspond directly to these SIC (and SIC-based

ISI) industry divisions. For example, the new “information” sector consists of industry groups from several SIC industry divisions.17 In addition, the new

“finance and insurance” sector excludes holding companies, unlike the “finance, insurance, and real estate”

division of the 1987 SIC. 

Under NAICS, the finance and insurance sector includes data for depository institutions. However, in the

tables in this volume (and for other BEA data on direct

investment) that show data for depository institutions,

these firms are not grouped with other finance and insurance firms but are instead shown in a separate category titled “depository credit intermediation

(banking).” Reflecting this treatment, all other data for

the finance and insurance sector are shown in a category titled “finance (except depository institutions)

and insurance.” The coverage of this category differs

from that of the old SIC-based category “finance (except depository institutions), insurance, and real estate” in that the new NAICS-based category excludes

real estate firms and nonfinancial holding companies,

whereas the old SIC-based category included them.18

Under the NAICS-based classifications, data for nonfinancial holding companies appear in the “management of nonbank companies and enterprises” industry

(included in “other industries” in the tables).

In the NAICS-based ISI classification system, there

are 197 industries, compared with 137 industries in the

16. OMB, Standard Industrial Classification Manual, 1987 (Washington,

DC: U.S. Government Printing Office, 1987).

17. Specifically, the information sector includes the following industries:

Publishing, which is included in the SIC manufacturing industry division;

“motion picture and sound recording industries” and “information and

data processing services,” which are included in the SIC services division;

and broadcasting and communications, which are included in the SIC

transportation, communication, and public utilities division.

18. Bank holding companies are grouped with depository institutions in

both the NAICS- and SIC-based classifications.

old SIC-based ISI system. For the most part, the new

ISI classifications are equivalent to NAICS four-digit

industries; at its most detailed level, NAICS classifies

industries at a six-digit level. The ISI classification system is less detailed than either NAICS or the SIC because it is designed for classifying enterprises rather

than establishments (or plants). Because many direct

investment enterprises are active in several industries,

it is not meaningful to classify all their data in a single

industry if that industry is defined too narrowly. A list

and descriptions of the NAICS-based ISI codes (and

their relationship to NAICS) are presented in the Guide

to Industry and Foreign Trade Classifications for International Surveys (see the appendix to this publication).

Each U.S. parent or foreign affiliate was classified by

industry on the basis of its sales (or of its total income,

for holding companies) in a three-stage procedure.

First, a given U.S. parent or foreign affiliate was classified in the sector that accounted for the largest percentage of its sales.19

Second, within the sector, the U.S. parent or foreign

affiliate was classified in the three-digit subsector in

which its sales were largest; a three-digit subsector consists of all four-digit industries that have the same first

three digits in their four-digit ISI code. Third, within

its three-digit subsector, the U.S. parent or foreign affiliate was classified in the four-digit industry in which

its sales were largest. This procedure ensured that the

U.S. parent or foreign affiliate was not assigned to a

four-digit industry outside either its sector or its

three-digit subsector.

The following example illustrates the three-stage

classification procedure. Suppose the sales of a parent

or an affiliate were distributed as follows:

19. The sectors used for this purpose were agriculture, forestry, fishing,

and hunting; mining; utilities; construction; manufacturing; wholesale

trade; retail trade; transportation and warehousing; information; finance

and insurance; real estate and rental and leasing; professional, scientific,

and technical services; management of companies and enterprises; administrative and support, waste management, and remediation services; educational services; health care and social assistance; arts, entertainment, and

recreation; accommodations and food services; and all other services.

Percentage of Total Sales

Code

All industries ................................................................. 100

Manufacturing ............................................................... 55

333 Machinery..................................................................... 30

3331 Agriculture, construction, and mining machinery....... 10

3332 Industrial machinery .................................................. 15

3336 Engines, turbines, and power transmission equipment ... 5

334 Computers and electronic products.............................. 25

3344 Semiconductors and other electronic products ......... 25

Wholesale trade............................................................. 45

421 Durable goods .............................................................. 45

4218 Machinery, equipment, and supplies ......................... 45
USDIA: 1999 BENCHMARK SURVEY Methodology M–11

Because 55 percent of the sales of the parent or the

affiliate were classified in manufacturing and only 45

percent were classified in wholesale trade, the parent’s

or affiliate’s major industry is manufacturing. Within

manufacturing, 30 percent of sales were in three-digit

subsector 333 (machinery) (the sum of the percentages

in 3331, 3332, and 3336), and 25 percent were in threedigit subsector 334 (computers and electronic products); therefore, the parent’s or affiliate’s three-digit

subsector is 333. Finally, because sales within subsector

333 were largest in industry 3332, the parent’s or affiliate’s four-digit industry is 3332. Thus, because of the

three-stage classification procedure, the parent or affiliate was assigned to industry 3332, even though its

sales in that industry were smaller than its sales in either industry 4218 or industry 3344.

Table II.A2 presents selected data for nonbank foreign affiliates and nonbank U.S. parents classified by

industry; each four-digit industry except depository

credit intermediation is shown separately and is

grouped by the major industry to which it belongs. Table III.A2 presents similar data for majority-owned

nonbank affiliates. Primarily because of confidentiality

requirements, many of these four-digit industries are

not shown in the other tables in this publication. However, each industry that is included, but not separately

identified, in an industry group in the other tables may

be ascertained by referring to table II.A2 or III.A2.

In contrast to publications on U.S. direct investment

abroad for earlier years, the various petroleum-related

industries are no longer grouped in the industry group

“petroleum.” Instead, these industries are spread

among the NAICS-based ISI sectors; for example, oil

and gas extraction is now included in mining, petroleum refining is in manufacturing, and gasoline service

stations are in retail trade. This change was made to

bring the industry presentation of the data for U.S. direct investment abroad into conformity with that used

for most other data on the U.S. economy.

To help assess the impact of the changes both in industry classification and in the treatment of petroleum-related industries, table groups L and W in this

publication present selected data for 1999 classified by

industry using 1987 SIC-based industries, the basis

used for the benchmark survey and annual publications covering 1989–98.

Unless otherwise specified, the designation “by industry” in the title of a table in this publication indicates that the data in the table are disaggregated by

primary industry of the U.S. parent or foreign affiliate.

Exceptions to this rule are specified in the table title;

for example, in some tables, affiliate data are disaggregated by industry of their U.S. parent.

U.S. parents that are individuals, estates, or trusts

were classified in the industry “nonbusiness entities,

except government,” which in this publication, is

treated as part of the ISI major industry 81 “other services.” This industry is included in tables that disaggregate affiliate data by industry of U.S. parent.20

However, it is not included in tables containing U.S.-

parent data, because U.S. parents that were individuals,

estates, or trusts were not required to report data.

Each U.S. parent and each foreign affiliate was classified in a single industry—in the primary industry of

the parent or of the affiliate. As a result, any parent or

affiliate activities that take place in secondary industries are classified as activities in the primary industry.

Because the benchmark survey data were collected on

an enterprise basis, the reports for many parents and

affiliates reflect substantial activities in secondary industries. Information on the distribution of activities

within each firm was obtained in the benchmark survey for two items—sales and employment for U.S. parents and for sales for foreign affiliates. Specifically, each

U.S. parent was required to distribute its sales and employment among the ten four-digit industries in which

its sales were largest and to distribute the sales of each

foreign affiliate among the seven four-digit industries

in which the affiliate’s sales were largest. Unspecified

sales and employment are shown in the “not specified

by industry” row or column in the tables that display

data by industry of sales. Because a parent or affiliate

that has an establishment in an industry usually also

has sales in that industry, the distribution by industry

of sales roughly approximates the distribution that

would result if the data were reported and classified by

industry of establishment.

In table 4, U.S. parents’ sales and employment disaggregated by industry of sales are compared with their

sales and employment disaggregated by industry of

parent, and foreign affiliates’ sales disaggregated by industry of sales are compared with their sales disaggregated by industry of affiliate. (For nonbank parents of

nonbank affiliates, data by industry of sales

cross-classified by industry of parent are shown in table II.Q2 for sales and table II.S2 for employment; for

majority-owned nonbank affiliates of nonbank

parents, sales by industry of sales cross-classified by

industry of affiliate are shown in table III.F22.)

20. Tables II.A2 and III.A2 show selected data for affiliates whose parents

are classified in “nonbusiness entities, except government.”
M–12 Methodology USDIA: 1999 BENCHMARK SURVEY

For sales, differences between the distribution by industry of enterprise and the distribution by industry of

sales were much larger for U.S. parents than for foreign

affiliates, primarily because U.S. parents are more diversified than their affiliates.

Estimation and General Validity

of the Data

A completed benchmark survey form was required for

affiliates that had total assets, sales, or net income (or

losses) greater than $7 million. Either a long form or a

short form was required, depending on the size of the

Table 4 continues.

Table 4. Sales by All Foreign Affiliates and Sales by, and Employment of, All U.S. Parents, by Industry 

of Enterprise and by Industry of Sales

Affiliates U.S. parents

Sales

(millions of dollars)

Sales

(millions of dollars)

Number of 

employees

(thousands)

By

industry

of affiliate

By

industry

of sales

By

industry

of U.S. 

parent

By

industry

of sales

By industry of U.S. 

parent

By industry of 

sales1

All industries............................................................................ 2,705,066 2,705,066 6,271,525 6,271,525 23,985.3 23,985.3

Mining .................................................................................................. 73,657 73,339 39,679 47,860 111.5 147.8

Oil and gas extraction ........................................................................ 53,258 52,678 20,256 19,495 19.6 17.7

Other.................................................................................................. 20,399 20,661 19,423 28,366 91.9 130.1

Coal mining .................................................................................... (D) 1,465 (D) 7,374 I 29.5

Nonmetallic mineral mining and quarrying ..................................... (D) 1,064 (D) 5,936 J 30.5

Metal ore mining............................................................................. 8,243 8,247 5,873 5,081 23.4 23.7

Iron ores...................................................................................... 491 491 (D) (D) G H

Gold and silver ores .................................................................... (D) 1,680 1,098 1,429 4.5 6.1

Copper, nickel, lead, and zinc ores ............................................. 5,031 4,983 (D) (D) J J

Other metal ores ......................................................................... (D) 1,094 0 339 0.0 1.8

Support activities for mining ........................................................... 9,612 9,885 7,329 9,974 44.1 46.3

Support activities for oil and gas extraction................................. 9,333 9,626 7,329 9,748 44.1 44.7

Support activities for mining, except for oil and gas extraction.... 279 259 1 226 (*) 1.6

Utilities ................................................................................................. 54,953 52,875 237,403 232,923 367.8 316.0

Electric power generation, transmission, and distribution.................. 40,509 37,778 211,141 176,730 338.9 267.0

Natural gas distribution ...................................................................... (D) (D) 25,666 55,456 24.8 45.0

Water, sewage, and other systems.................................................... (D) (D) 596 736 4.2 4.0

Manufacturing ..................................................................................... 1,284,231 1,238,102 2,731,101 2,527,532 9,020.9 7,937.2

Food................................................................................................... 94,614 91,236 178,353 187,753 629.3 597.8

Animal foods................................................................................... 6,043 5,614 (D) 7,592 I 17.6

Grain and oilseed milling ................................................................ 26,772 25,014 30,690 37,277 47.8 66.0

Sugar and confectionery products.................................................. (D) 11,550 10,429 11,262 26.5 31.8

Fruit and vegetable preserving and specialty foods ....................... 11,428 9,172 15,019 21,400 66.9 75.5

Dairy products ................................................................................ 1,545 2,425 15,349 19,254 38.6 48.7

Animal slaughtering and processing .............................................. 9,179 7,100 61,581 46,178 252.1 170.0

Seafood product preparation and packaging.................................. 123 (D) (D) 1,716 H 8.5

Bakeries and tortillas...................................................................... 4,105 4,706 21,144 13,307 95.6 58.2

Other food products........................................................................ (D) (D) 20,047 29,767 89.1 121.4

Beverages and tobacco products ...................................................... 66,358 66,781 106,055 109,886 255.1 243.5

Beverages ...................................................................................... 46,886 (D) 89,539 92,461 216.9 214.7

Tobacco products ........................................................................... 19,471 (D) 16,515 17,425 38.2 28.9

Textiles, apparel, and leather products .............................................. 12,805 13,321 44,564 47,586 371.3 371.6

Textile mills ..................................................................................... 2,981 3,347 13,198 14,543 99.5 108.9

Textile product mills ........................................................................ (D) 1,898 9,627 9,669 71.3 70.2

Apparel ........................................................................................... 7,128 7,244 20,126 20,644 190.7 176.6

Leather and allied products ............................................................ (D) 833 1,613 2,731 9.8 16.0

Wood products................................................................................... 4,129 3,484 8,824 26,455 45.3 122.2

Paper ................................................................................................. 35,531 34,941 120,251 91,896 430.9 321.1

Pulp, paper, and paperboard mills.................................................. 8,321 9,062 66,830 32,216 220.6 119.7

Converted paper products.............................................................. 27,211 25,878 53,421 59,680 210.3 201.4

Printing and related support activities ............................................... 3,314 3,120 23,317 22,234 150.8 131.5

Petroleum and coal products ............................................................. 141,101 136,531 239,963 181,555 281.9 148.2

Integrated petroleum refining and extraction .................................. (D) (D) 210,312 155,821 227.6 124.4

Petroleum refining excluding oil and gas extraction........................ 101,028 97,479 (D) 20,657 K 11.7

Asphalt and other petroleum and coal products............................. (D) (D) (D) 5,078 I 12.1

Chemicals.......................................................................................... 214,097 206,340 351,565 349,115 984.1 829.7

Basic chemicals.............................................................................. 44,953 44,035 56,974 71,876 145.9 154.5

Resins and synthetic rubber, fibers, and filaments......................... 24,314 22,367 45,681 47,448 126.8 116.7

Pharmaceuticals and medicines..................................................... 69,550 68,005 133,080 121,353 345.2 256.7

Soap, cleaning compounds, and toilet preparations....................... 31,334 29,769 52,968 38,385 145.1 90.5
USDIA: 1999 BENCHMARK SURVEY Methodology M–13

Affiliates U.S. parents

Sales

(millions of dollars)

Sales

(millions of dollars)

Number of 

employees

(thousands)

By

industry

of affiliate

By

industry

of sales

By

industry

of U.S. 

parent

By

industry

of sales

By industry of U.S. 

parent

By industry of 

sales1

Other............................................................................................... 43,946 42,165 62,862 70,053 221.1 211.2

Pesticides, fertilizers, and other agricultural chemicals ............... 7,541 7,741 11,086 17,886 27.9 37.2

Paints, coatings, and adhesives .................................................. 7,246 8,331 18,555 18,558 70.0 63.0

Other chemical products and preparations.................................. 29,159 26,092 33,221 33,609 123.3 111.0

Plastics and rubber products.............................................................. 27,302 28,570 59,144 60,297 307.5 300.3

Plastics products............................................................................. 14,427 16,223 31,020 39,896 154.4 188.6

Rubber products ............................................................................. 12,875 12,347 28,124 20,401 153.1 111.8

Nonmetallic mineral products............................................................. 13,793 14,408 34,150 36,852 151.6 155.9

Clay products and refractories........................................................ 1,562 1,474 4,138 6,183 18.3 32.2

Glass and glass products ............................................................... 8,541 8,644 14,699 13,013 84.3 67.2

Cement and concrete products....................................................... (D) 1,734 7,311 5,808 24.9 15.8

Lime and gypsum products............................................................. (D) 424 0 1,289 0.0 3.1

Other nonmetallic mineral products ................................................ 1,459 2,133 8,003 10,559 24.2 37.6

Primary and fabricated metals ........................................................... 47,228 44,399 133,821 129,857 616.2 579.2

Primary metals................................................................................ 18,110 17,944 73,468 70,351 287.2 258.1

Iron and steel mills and ferroalloys .............................................. 1,487 1,527 27,098 30,439 98.6 103.7

Steel products from purchased steel........................................... 911 984 4,668 8,937 21.0 36.9

Alumina and aluminum production and processing..................... 11,605 11,316 18,932 13,438 66.6 41.6

Nonferrous metal (except aluminum) production and processing 3,085 3,069 17,341 13,120 65.4 45.9

Foundries..................................................................................... 1,022 1,048 5,429 4,417 35.5 30.0

Fabricated metal products .............................................................. 29,118 26,455 60,353 59,505 329.1 321.1

Forging and stamping.................................................................. 5,094 4,527 6,512 6,258 23.9 23.1

Cutlery and handtools ................................................................. 7,365 5,573 9,023 9,438 60.6 53.6

Architectural and structural metals .............................................. 1,531 1,374 8,700 9,744 54.7 60.1

Boilers, tanks, and shipping containers ....................................... 4,333 4,101 16,210 9,054 59.2 29.3

Hardware ..................................................................................... 1,531 1,007 524 1,790 3.4 11.7

Spring and wire products............................................................. (D) 879 989 1,447 3.8 7.5

Machine shops, turned products, and screws, nuts, and bolts .... (D) 1,085 1,733 3,089 10.8 18.4

Coating, engraving, heat treating and allied activities ................. (D) 229 489 1,629 3.2 10.9

Other fabricated metal products .................................................. 6,962 7,681 16,175 17,057 109.4 106.5

Machinery .......................................................................................... 77,109 76,213 146,480 167,480 674.3 700.7

Agriculture, construction, and mining machinery............................ 18,956 18,752 47,492 39,007 153.9 124.2

Industrial machinery ....................................................................... 7,397 8,042 16,832 20,133 77.4 88.8

Other............................................................................................... 50,755 49,419 82,157 108,341 443.0 487.7

Commercial and service industry machinery .............................. (D) 12,358 20,228 14,557 110.9 78.4

Ventilation, heating, air-conditioning, and commercial 

refrigeration equipment............................................................. 11,832 10,912 19,491 25,278 116.1 131.7

Metalworking machinery.............................................................. 2,777 2,855 7,890 7,508 41.3 36.2

Engines, turbines, and power transmission equipment ............... 9,270 10,572 13,161 36,861 57.5 114.1

Other general purpose machinery............................................... (D) 12,722 21,387 24,137 117.2 127.4

Computers and electronic products ................................................... 197,465 187,785 340,150 365,609 1,007.5 1,110.1

Computers and peripheral equipment ............................................ (D) 81,273 95,773 125,994 190.4 267.5

Communications equipment ........................................................... 35,281 35,420 102,158 81,130 330.8 282.9

Audio and video equipment ............................................................ 5,072 4,590 25,927 16,727 57.9 34.8

Semiconductors and other electronic components......................... 46,514 48,542 96,922 99,455 330.0 338.2

Navigational, measuring, and other instruments ............................ 10,869 12,753 16,985 39,411 88.3 174.3

Magnetic and optical media ............................................................ (D) 5,206 2,384 2,892 10.2 12.3

Electrical equipment, appliances, and components ........................... 28,737 29,748 87,822 79,381 451.2 360.7

Electric lighting equipment.............................................................. (D) 2,856 6,607 6,877 43.0 31.0

Household appliances .................................................................... 11,655 11,634 20,117 21,926 85.9 88.0

Electrical equipment ....................................................................... (D) 7,873 46,098 32,964 259.4 164.4

Other electrical equipment and components .................................. 7,179 7,385 15,000 17,614 62.8 77.3

Table 4. Sales by All Foreign Affiliates and Sales by, and Employment of, All U.S. Parents, by Industry 

of Enterprise and by Industry of Sales

affiliate. In addition, a few key data items were collected for affiliates that were too small to meet these

criteria (that is, exempt affiliates) so that some data

were collected for virtually all foreign affiliates. To

present direct investment data in the same detail for all

affiliates, BEA estimated the items that appeared only

on the long form for the affiliates that were reported

on the short form and for affiliates that were exempt.

Estimates were also made for some affiliates that failed

Table 4 continues.

{Text continues on page M–16.}
M–14 Methodology USDIA: 1999 BENCHMARK SURVEY

Affiliates U.S. parents

Sales

(millions of dollars)

Sales

(millions of dollars)

Number of 

employees

(thousands)

By

industry

of affiliate

By

industry

of sales

By

industry

of U.S. 

parent

By

industry

of sales

By industry of U.S. 

parent

By industry of 

sales1

Transportation equipment .................................................................. 286,369 266,930 784,171 584,735 2,219.6 1,496.5

Motor vehicles, bodies and trailers, and parts................................ 278,604 258,054 518,456 443,312 1,152.7 932.9

Motor vehicles ............................................................................. 216,556 189,355 416,014 336,051 668.8 502.0

Motor vehicle bodies and trailers ................................................ (D) 655 6,532 6,150 37.8 31.4

Motor vehicle parts...................................................................... (D) 68,043 95,910 101,111 446.1 399.6

Other .............................................................................................. 7,765 8,876 265,716 141,423 1,067.0 563.6

Aerospace products and parts.................................................... 4,438 4,503 256,896 124,168 1,017.7 483.6

Railroad rolling stock................................................................... 718 750 2,062 6,083 8.8 14.9

Ship and boat building................................................................. 46 105 (D) 6,007 K 45.2

Other transportation equipment .................................................. 2,563 3,517 (D) 5,165 I 19.9

Furniture and related products .......................................................... 3,780 3,832 18,768 18,462 136.4 130.0

Miscellaneous manufacturing ............................................................ 30,500 30,463 53,704 68,379 307.7 338.3

Medical equipment and supplies .................................................... 21,191 20,435 36,769 41,923 210.4 190.2

Other miscellaneous manufacturing............................................... 9,309 10,028 16,935 26,455 97.3 148.1

Wholesale trade .................................................................................. 613,256 634,460 584,596 602,677 908.1 848.0

Professional and commercial equipment and supplies...................... 190,577 189,931 115,948 100,120 232.7 147.1

Other durable goods .......................................................................... 127,478 145,996 142,116 212,440 230.6 336.1

Motor vehicles and motor vehicle parts and supplies..................... 32,021 46,972 27,337 50,005 44.1 82.9

Furniture and home furnishings ..................................................... 715 756 262 2,003 0.8 7.4

Lumber and other construction materials....................................... (D) 1,569 6,070 14,444 6.6 17.9

Metals and minerals (except petroleum) ........................................ 3,774 4,405 22,195 29,505 17.7 24.5

Electrical goods.............................................................................. 44,768 47,058 49,028 63,544 74.6 85.4

Hardware and plumbing and heating equipment and supplies....... (D) 4,293 8,210 11,200 14.2 29.9

Machinery, equipment, and supplies .............................................. 24,966 24,996 12,978 21,907 42.2 49.6

Miscellaneous durable goods......................................................... 15,626 15,946 16,035 19,833 30.3 38.6

Petroleum and petroleum products.................................................... 135,377 135,293 104,127 85,622 37.0 24.5

Other nondurable goods .................................................................... 159,823 163,239 222,405 204,495 407.8 340.3

Paper and paper products .............................................................. 11,454 10,156 13,156 13,945 35.0 39.6

Drugs and druggists’ sundries........................................................ 40,317 42,806 57,792 54,163 59.0 37.8

Apparel, piece goods, and notions ................................................. (D) 10,856 18,236 17,283 59.7 42.8

Grocery and related products......................................................... 18,573 19,547 37,933 47,607 141.7 147.9

Farm product raw materials............................................................ (D) 35,791 51,028 27,923 57.7 13.8

Chemical and allied products ......................................................... 22,423 23,218 25,562 20,403 12.0 8.2

Beer, wine, and distilled alcoholic beverages ................................. 436 448 (D) 2,772 H 1.6

Miscellaneous nondurable goods ................................................... 19,135 20,418 (D) 20,399 K 48.6

Information .......................................................................................... 139,538 140,681 465,240 460,219 1,931.3 1,769.9

Publishing industries.......................................................................... 20,681 22,169 74,889 85,939 325.9 334.4

Newspaper, periodical, book, and database publishers ................. 6,210 6,289 46,391 53,601 247.0 240.1

Software publishers ........................................................................ 14,472 15,880 28,498 32,338 78.9 94.3

Motion picture and sound recording industries.................................. 11,201 10,955 18,211 34,027 162.4 164.5

Motion picture and video industries................................................ 8,910 (D) (D) 29,172 M 155.5

Sound recording industries............................................................. 2,291 (D) (D) 4,856 I 9.0

Broadcasting and telecommunications .............................................. 90,724 90,443 330,352 295,503 1,188.9 1,013.8

Broadcasting, cable networks, and program distribution................ 5,388 5,489 80,453 58,217 337.3 202.7

Radio and television broadcasting .............................................. 1,534 1,709 38,396 28,473 149.8 88.1

Cable networks and program distribution.................................... 3,854 3,780 42,057 29,744 187.5 114.6

Telecommunications ....................................................................... 85,336 84,954 249,899 237,285 851.5 811.1

Information services and data processing services........................... 16,932 17,114 41,787 44,750 254.1 257.1

Information services ....................................................................... (D) 5,338 14,392 20,329 52.1 83.5

Data processing services ............................................................... (D) 11,776 27,395 24,421 202.1 173.6

Depository credit intermediation (banking) ..................................... 74,956 74,956 296,047 286,082 978.5 943.8

Banks................................................................................................. 74,235 74,226 296,047 286,082 978.5 943.8

Branches and agencies ..................................................................... 721 731 0 0 0.0 0.0

Finance (except depository institutions) and insurance ................ 178,034 181,006 712,779 782,431 1,366.5 1,433.5

Finance, except depository institutions.............................................. 104,287 109,475 238,124 352,662 489.5 679.1

Securities, commodity contracts, and other intermediation and 

related activities........................................................................... 66,358 72,617 196,791 260,377 370.9 480.9

Securities and commodity contracts intermediation and 

brokerage ................................................................................. 33,234 36,615 168,734 139,787 274.3 217.4

Other financial investment activities and exchanges................... 33,124 36,002 28,058 120,590 96.6 263.5

Table 4. Sales by All Foreign Affiliates and Sales by, and Employment of, All U.S. Parents, by Industry 

of Enterprise and by Industry of Sales

Table 4 continues.
USDIA: 1999 BENCHMARK SURVEY Methodology M–15

Affiliates U.S. parents

Sales

(millions of dollars)

Sales

(millions of dollars)

Number of 

employees

(thousands)

By

industry

of affiliate

By

industry

of sales

By

industry

of U.S. 

parent

By

industry

of sales

By industry of U.S. 

parent

By industry of 

sales1

Other finance, except depository institutions .................................. 37,929 36,858 41,333 92,285 118.7 198.2

Nondepository credit intermediation and related services .......... 35,933 34,831 (D) 79,362 M 181.1

Nondepository credit intermediation ...................................... 32,904 31,272 37,212 59,083 105.6 135.8

Activities related to credit intermediation................................ 3,029 3,558 (D) 20,279 J 45.3

Funds, trusts, and other financial vehicles................................... 1,995 2,028 (D) 12,923 G 17.1

Insurance carriers and related activities............................................. 73,747 71,531 474,655 429,769 877.0 754.3

Insurance carriers, except life insurance carriers............................ 45,433 41,809 280,849 259,911 585.6 494.2

Life insurance carriers..................................................................... 24,988 26,432 182,082 153,296 226.2 202.5

Agencies, brokerages, and other insurance related activities......... 3,327 3,291 11,724 16,562 65.1 57.6

Professional, scientific, and technical services ............................... 84,501 89,795 190,379 213,703 1,014.7 1,092.1

Architectural, engineering, and related services ................................ 13,527 14,090 22,419 26,372 111.6 142.6

Computer systems design and related services ................................ 45,390 45,924 88,811 93,253 393.7 373.7

Management, scientific, and technical consulting .............................. 9,857 9,841 21,142 33,403 105.2 154.2

Advertising and related services........................................................ 8,331 8,354 13,502 15,370 90.7 102.2

Other .................................................................................................. 7,396 11,585 44,504 45,304 313.5 319.5

Legal services................................................................................. 830 837 9,088 9,335 40.0 36.0

Accounting, tax preparation, bookkeeping, and payroll services .... 640 754 23,130 17,557 171.0 133.4

Specialized design services............................................................ 198 204 (D) 335 2.7 1.7

Scientific research and development services................................ 2,782 2,916 2,765 8,104 28.2 68.5

Other professional, scientific, and technical services ..................... 2,945 6,875 (D) 9,973 71.6 79.9

Other industries................................................................................... 201,941 219,015 1,014,302 1,096,993 8,286.0 8,628.9

Agriculture, forestry, fishing, and hunting ........................................... 2,887 4,369 3,364 10,991 31.1 53.1

Crop production .............................................................................. 1,806 3,050 1,753 3,630 15.7 22.8

Animal production ........................................................................... 757 816 (D) 5,494 J 24.7

Forestry and logging ....................................................................... (D) 218 (*) (D) 0.0 3.7

Fishing, hunting, and trapping ........................................................ (D) 68 (D) (D) G G

Support activities for agriculture and forestry ................................. 153 217 0 229 0.0 F

Construction....................................................................................... 17,797 17,425 47,803 41,697 200.8 144.5

Building, developing, and general contracting ................................ 8,854 8,874 36,079 27,589 139.7 72.7

Heavy construction ......................................................................... (D) (D) 9,612 10,209 41.4 39.6

Special trade contractors ................................................................ (D) (D) 2,113 3,900 19.8 32.1

Retail trade......................................................................................... 66,796 69,636 571,934 584,087 3,855.8 3,866.0

Motor vehicle and parts dealers...................................................... 332 831 (D) 25,300 44.8 63.5

Furniture and home furnishings stores ........................................... 202 196 (D) 2,437 J 21.2

Electronics and appliance stores .................................................... 1,548 (D) (D) 14,440 L 93.9

Building material and garden equipment and supplies dealers ...... (D) (D) (D) (D) M M

Food and beverage stores .............................................................. 7,139 7,430 76,196 68,780 476.1 432.6

Health and personal care stores..................................................... (D) 745 6,014 7,746 75.1 91.4

Gasoline stations ............................................................................ 13,163 15,126 0 16,400 0.0 44.7

Clothing and clothing accessories stores ....................................... 5,318 5,228 43,662 44,448 408.2 404.2

Sporting goods, hobby, book, and music stores ............................. 3,551 3,841 (D) (D) L L

General merchandise stores........................................................... (D) 21,897 293,881 288,944 2,253.3 2,190.1

Miscellaneous store retailers .......................................................... 3,590 3,518 25,574 29,199 152.9 182.1

Nonstore retailers ........................................................................... 7,710 7,651 38,803 38,225 76.8 90.2

Transportation and warehousing ........................................................ 40,940 42,387 177,555 191,110 1,139.8 1,161.5

Air transportation ............................................................................ (D) 3,478 50,574 49,929 291.0 270.4

Rail transportation........................................................................... 2,617 2,601 31,275 26,850 136.7 106.3

Water transportation ....................................................................... 8,340 8,770 5,095 10,058 31.7 56.1

Petroleum tanker operations........................................................ 2,707 3,200 (D) 1,142 G 3.7

Other water transportation........................................................... 5,633 5,570 (D) 8,917 K 52.4

Truck transportation ........................................................................ 1,500 1,533 16,295 19,963 89.0 121.7

Transit and ground passenger transportation ................................. 92 175 (D) (D) I H

Pipeline transportation.................................................................... 13,087 (D) (D) 23,948 19.0 25.8

Pipeline transportation of crude oil, refined petroleum products, 

and natural gas......................................................................... 13,084 (D) (D) (D) 18.9 25.7

Other pipeline transportation ....................................................... 3 5 (D) (D) 0.1 0.1

Scenic and sightseeing transportation............................................ (D) (D) (D) (D) 0.1 0.2

Support activities for transportation ................................................ 5,283 5,536 16,103 15,506 100.9 102.4

Couriers and messengers............................................................... (D) (D) 41,913 41,971 M M

Warehousing and storage............................................................... 1,341 1,503 (D) 1,985 H 10.2

Petroleum storage for hire ........................................................... 293 378 (D) 1,123 0.2 1.4

Table 4. Sales by All Foreign Affiliates and Sales by, and Employment of, All U.S. Parents, by Industry 

of Enterprise and by Industry of Sales

Table 4 continues.
M–16 Methodology USDIA: 1999 BENCHMARK SURVEY

to report on the benchmark survey but for which data

could be obtained from other direct investment surveys.

The long form (BE–10B(LF)) collected the most

detailed data; it was filed by U.S. parents for their majority-owned nonbank foreign affiliates with total assets, sales, or net income (or loss) greater than $100

million. A total of 5,341 nonbank affiliates of nonbank

parents filed long forms. Although these affiliates accounted for only 24 percent of all nonbank affiliates of

nonbank parents for which survey forms were filed,

they accounted for a much larger portion of the data

for nonbank affiliates of nonbank parents in terms of

value—75 percent of total assets, 68 percent of sales,

and 52 percent of employment.

The short form (BE–10B(SF)) collected most balance of payments items but only selected financial and

operating data items; it was filed by nonbank U.S.

parents for their nonbank foreign affiliates with total

assets, sales, or net income (or losses) greater than

Affiliates U.S. parents

Sales

(millions of dollars)

Sales

(millions of dollars)

Number of 

employees

(thousands)

By

industry

of affiliate

By

industry

of sales

By

industry

of U.S. 

parent

By

industry

of sales

By industry of U.S. 

parent

By industry of 

sales1

Real estate and rental and leasing .................................................... 15,420 18,868 25,011 47,468 139.7 209.8

Real estate...................................................................................... 3,365 3,564 7,547 12,774 31.5 50.4

Rental and leasing (except real estate) .......................................... 12,055 15,304 17,464 34,694 108.3 159.4

Automotive equipment rental and leasing ................................... 4,921 5,103 12,187 18,519 78.1 83.0

Other rental and leasing services................................................ 4,555 6,260 (D) 12,644 J 66.2

Lessors of nonfinancial intangible assets (except copyrighted 

works)....................................................................................... 2,579 3,941 (D) 3,531 I 10.2

Management of nonbank companies and enterprises....................... 1,263 1,173 134 599 1.4 3.9

Holding companies, except bank holding companies..................... 395 0 4 0 0.6 0.5

Corporate, subsidiary, and regional management offices............... 868 1,173 131 599 0.9 3.4

Administration, support, and waste management.............................. 24,053 29,102 52,384 66,892 1,197.2 1,288.2

Administrative and support services............................................... (D) (D) 36,722 49,682 1,100.7 1,184.0

Office administrative services...................................................... (D) (D) (D) 609 H 5.8

Facilities support services ........................................................... 1,141 1,192 (D) 4,643 I 52.6

Employment services .................................................................. 11,060 11,020 16,841 14,878 750.0 682.7

Business support services .......................................................... 1,665 5,421 5,795 12,796 81.9 121.1

Travel arrangement and reservation services.............................. (D) 3,698 2,261 3,620 I 12.7

Investigation and security services.............................................. 1,541 1,725 (D) 5,372 L 167.9

Services to buildings and dwellings............................................. 1,482 1,461 7,537 5,796 126.4 98.9

Other support services................................................................ 896 (D) 782 1,969 K 42.3

Waste management and remediation services............................... (D) (D) 15,662 17,210 96.4 104.2

Health care and social assistance ..................................................... 394 412 61,484 64,685 440.4 460.8

Ambulatory health care services .................................................... 204 180 16,342 18,321 165.1 179.4

Hospitals......................................................................................... 153 148 (D) (D) M 198.9

Nursing and residential care facilities ............................................. (D) 83 (D) 2,701 L L

Social assistance............................................................................ (D) 1 (D) (D) K K

Accommodation and food services .................................................... 22,559 21,706 58,915 56,612 1,094.5 1,117.0

Accommodation.............................................................................. 5,319 5,819 23,902 25,177 371.8 383.0

Food services and drinking places ................................................. 17,240 15,887 35,013 31,435 722.7 734.0

Miscellaneous services...................................................................... 9,832 13,936 15,718 32,852 185.2 324.3

Educational services....................................................................... (D) 899 2,108 2,519 21.9 35.7

Arts, entertainment, and recreation ................................................ (D) 2,371 5,170 10,660 57.5 116.2

Performing arts, spectator sports, and related industries............ (D) 1,073 2,616 (D) 11.3 24.6

Museums, historical sites, and similar institutions....................... 0 0 0 (D) 0.0 0.2

Amusement, gambling, and recreation industries ....................... (D) 1,298 2,554 7,043 46.2 91.3

Other services (except public administration and private 

households) ................................................................................. 6,085 10,666 8,440 19,673 105.8 172.4

Repair and maintenance ............................................................. 3,138 7,438 1,622 10,231 14.0 66.3

Personal and laundry services .................................................... 2,947 3,228 6,819 9,442 91.8 106.1

Nonbusiness entities, except government ................................... 0 0 0 0 0.0 0.0

Unspecified............................................................................................ 0 839 0 21,105 0.0 868.3

Table 4. Sales by All Foreign Affiliates and Sales by, and Employment of, All U.S. Parents, by Industry 

of Enterprise and by Industry of Sales

D Suppressed to avoid disclosure of data of individual companies.

1. Bank parents, unlike nonbank parents, were not required to disaggregate their employment by industry of sales. The distribution of employment by industry of sales for bank

parents was, therefore, estimated by multiplying each parent’s total employment by the

percentage of sales that were in each industry. NOTE. Size ranges are given in employment cells that are suppressed. The size ranges

are A–1 to 499; F–500 to 999; G–1,000 to 2,499; H–2,500 to 4,999; I–5,000 to 9,999;

J–10,000 to 24,999; K–25,000 to 49,999; L–50,000 to 99,999; M–100,000 or more.
USDIA: 1999 BENCHMARK SURVEY Methodology M–17

$7 million but not more than $100 million; by nonbank U.S. parents for their minority-owned nonbank

foreign affiliates with total assets, sales, or net income

(or losses) greater than $7 million; and by bank parents

for their nonbank affiliates with total assets, sales, or

net income (or losses) greater than $7 million. For a

given short-form affiliate or exempt affiliate, longform items were generally estimated on the basis of relationships among data items for long-form affiliates

that were in the same industry group as the affiliate

whose data were being estimated.

Short forms were filed for 16,629 nonbank affiliates

of nonbank parents. Although these affiliates accounted for 76 percent of all nonbank affiliates of nonbank parents for which survey forms were filed, they

accounted for a smaller portion of the data for nonbank affiliates of nonbank parents in terms of

value—20 percent of total assets, 28 percent of sales,

and 40 percent of employment.

As noted earlier, estimates of data (excluding number counts) were made for exempt affiliates and for

parents that had only exempt affiliates. These estimates

accounted for a very small portion of the universe data

for affiliates but for a somewhat larger share for parents (see the Coverage section).

BEA also made estimates of the data for some nonbank affiliates for which a benchmark survey report

was not filed, even though they met the criteria for filing. For the 1,151 affiliates covered by these estimates,

BEA had a report in another direct investment survey

that served as a basis for estimation. These affiliates,

most of which were small, accounted for only a minor portion of the nonbank universe in terms of

value—0.4 percent of total assets, 1.0 percent of sales,

and 3.2 percent of employment. The estimation of data

for these affiliates ensured that the 1999 data were as

complete as possible.

All data reported for U.S. parents and foreign affiliates were required to pass a number of computerized

edit checks. Where possible, the data for a parent or an

affiliate were reviewed for their consistency with related data for the parent or affiliate from other parts of

the report form, with data provided in related report

forms, with comparable data reported by other parents

or affiliates, and with comparable data from outside

sources. As a result of this edit and review process, a

number of changes to the reported data were made, often after consultation with survey respondents. In

some cases, usually involving small parents and affiliates, estimates based on industry averages or on other

information were substituted for missing or erroneously reported data.

For some data items—such as those pertaining to

trade by product and by country of destination and origin—survey respondents had difficulty in supplying

the required information because the data were not

easily accessible or were unavailable from their books.

In these cases, respondents often made estimates, the

quality of which is difficult to assess.

Number of U.S. Parents and

Foreign Affiliates

Table 7 on page M–29 shows the number of parents

and affiliates for which the 1999 benchmark survey

forms were filed. Table II.A1 shows the number of

nonbank foreign affiliates by country, and table II.A2

shows the number of nonbank U.S. parents and nonbank foreign affiliates by industry.

The counts of nonbank parents and affiliates are not

strictly comparable with the counts shown in previous

benchmark and annual survey publications because of

differences in criteria for reporting. The counts in this

publication cover affiliates that met the 1999 benchmark survey’s $7 million reporting criterion and cover

parents that had at least one reportable affiliate.21 The

counts in earlier benchmark survey publications are

based the reporting criteria in those surveys, which differed from that in 1999. For example, the criterion was

$3 million in the 1989 and 1994 benchmark surveys

and $1 million in the 1982 benchmark survey. In the

annual survey publications, counts of affiliates and

parents are based on the criterion used in the preceding benchmark survey. Thus, the counts in the

1995–98 annual survey publications are based on a $3

million criterion.

The counts of parents and affiliates should be used

cautiously because, as just noted, with the exception of

those shown in table 2, they exclude the numerous

very small affiliates (and parents of only very small affiliates) for which a complete benchmark survey report

was not required. In addition, survey forms were not

filed for some parents and affiliates that met the

reporting criteria. Because of limited resources, BEA’s

efforts to ensure compliance with reporting requirements focused mainly on large parents and affiliates.

As a result, some of the parents of small affiliates that

were not aware of the reporting requirements and that

were not on BEA’s mailing list may not have filed reports. The omission of these parents and their affiliates

21. For items other than number counts, estimates are included in the

totals for affiliates below the reporting threshold and for parents that only

had affiliates below the threshold (see the coverage section).
M–18 Methodology USDIA: 1999 BENCHMARK SURVEY

from the benchmark survey results probably has not

significantly affected the aggregate value of the various

data items collected, but it could have caused an unknown, but possibly significant, understatement of the

number of parents or affiliates.

Even an exact count of parents or affiliates would be

difficult to interpret because each report covers a consolidated business enterprise. The number of consolidated business enterprises varies according to the

degree of consolidation used and the differences in the

organizational structure of the companies.

Financial and Operating Data

for

Foreign Affiliates and U.S. Parents

Financial and operating data focus on the overall operations of U.S. parents and their foreign affiliates.

Among the items covered by these data are the following: Balance sheets and income statements; gross product; sales of goods and services; external financial

position; taxes; property, plant, and equipment; employment and compensation of employees; U.S. trade

in goods; and research and development expenditures.

Only a few of these items were obtained for bank parents and affiliates; consequently, most of the tables that

present financial and operating data cover only nonbank parents and affiliates.

The financial and operating data for foreign affiliates are not adjusted for the ownership share of the

U.S. parents. Thus, for example, the employment data

include all employees of each affiliate, including affiliates in which the U.S. parent’s ownership share is less

than 100 percent. To help address issues for which control is relevant, many tables cover only majority-owned foreign affiliates.

Most of the concepts and definitions used in reporting the financial and operating data can be found on

the survey forms or in the Instruction Booklet to the

forms, all of which are reproduced in the appendix.

The following discussion focuses on the concepts, definitions, and statistical issues that require further explanation or that are not covered in either the forms or

the Instruction Booklet.

Balance sheets and income statements

Balance sheets and income statements for U.S. parents

and foreign affiliates are required to be filed according

to U.S. generally accepted accounting principles

(GAAP), and any major changes in GAAP will affect

the data. For most affiliates, the income statement includes all types of income, both ordinary and extraordinary. However, for some parents and affiliates, such

as those in insurance, GAAP requires certain unrealized gains and losses to be carried directly to owners’

equity in the balance sheet rather than to be carried

through the income statement.

Under GAAP, depreciation and depletion charges

are used to distribute the cost of an asset over that asset’s estimated useful life. For example, parents and affiliates engaged in extracting natural resources report

net income after the deduction of book depletion—

that is, those expenses representing the periodic

charge-off of the actual cost of natural resources. Tax

or percentage depletion is not deducted.

External financial position

The external financial position of foreign affiliates

measures the extent to which affiliates rely on external

sources of funds rather than on internal sources of

funds. The primary internal sources of funds are the

affiliate’s own reinvested earnings and depreciation allowances. External sources of funds are all sources of

financing of affiliate operations other than internal

sources. For foreign affiliates, the external sources can

be disaggregated by type of financing (debt or equity)

and by affiliation and location of the investor (U.S.

parents, other U.S. persons, persons in the affiliate’s

country of location, or other foreign persons). For

some analytical purposes, it is preferable to consider

funds received from U.S. parents as an internal source

of funds (in the sense that the funds are internal to the

multinational company). The detail provided on the

external financial position can support this type of

analysis.

Gross product

Gross product is an economic accounting measure of

the production of goods and services. Gross product

measures the value added by U.S. parents and foreign

affiliates; thus, foreign-affiliate gross product measures

the contributions of foreign affiliates to the gross domestic product (GDP) of foreign countries, and U.S.-

parent gross prodmuct measures the contribution of

U.S. parents to U.S. GDP.

For a U.S. parent or a foreign affiliate, as for any

firm, gross product can be measured as gross output

(sales or receipts and other operating income plus

changes in inventories and work in progress) minus intermediate inputs (purchased goods and services). Alternatively, it can be measured as the sum of the costs

incurred (except for intermediate inputs) and the profits earned in production. The costs fall into four major
USDIA: 1999 BENCHMARK SURVEY Methodology M–19

categories: Compensation of employees, net interest

paid, indirect business taxes, and capital consumption

allowance.22 The estimates presented in this publication were calculated as the sum of costs and profits.

Estimates of gross product rather than sales or other

measures are generally preferred in assessing the economic impact of parents or affiliates on the entire host

economy as well as on individual industries. Gross

product permits a more focused analysis of the impact

of firms because it measures only the firm’s own value

added, whereas sales do not distinguish between the

firm’s own value added and the value embodied in inputs purchased from other companies. In addition,

gross product measures the value added to the economy during a specific period. In contrast, some sales in

a given period may represent production from earlier

periods.

The measure of profits from current production included in gross product is called “profit-type return.”

Unlike the net income item in the income statement,

profit-type return measures profits before income

taxes, and it excludes nonoperating items (such as special charges and capital gains and losses) and income

from equity investments. Tables included in this publication show profit-type return of majority-owned foreign affiliates by detailed country and industry.

Sales of goods and services

For U.S. parents and majority-owned foreign affiliates, the 1999 benchmark survey collected data on sales

(or gross operating revenues) that are disaggregated

into goods, services, and investment income. Sales

were further disaggregated into sales by type of customer—to affiliated and unaffiliated parties—and by

destination—sales to the United States, local sales, and

sales to other foreign countries.

22. In the U.S. national income and product accounts (NIPAs), two measures of depreciation, or capital consumption, are used—the capital consumption allowance and the consumption of fixed capital. The capital

consumption allowance (CCA) consists of depreciation charges, which are

based largely on tax returns, and allowances for accidental damage to fixed

capital. Consumption of fixed capital consists of CCA plus an adjustment

to place depreciation on an economic basis that uses economic service lives,

depreciation that follows a geometric pattern, and replacement-cost valuation.

For U.S. parents and foreign affiliates, the only measure of capital consumption available from BEA’s survey data is the book value of depreciation, reported on a basis consistent with GAAP. Because this measure does

not provide for replacement-cost valuation, it is termed the “capital consumption allowance” in this publication (see tables II.R1 and III.G1, for

example).

The basis used to measure depreciation has no effect on the value of total

gross product; any differences between the measures of depreciation, which

is a cost of production, have equal and offsetting effects on the profit-typereturn component.

For purposes of disaggregating sales into goods, services, and investment income, sales of goods are defined as sales that are typical of establishments in any

of the following six NAICS sectors: Agriculture, forestry, fishing and hunting (except support activities for

agriculture and forestry); mining (except support activities); construction; manufacturing; wholesale

trade; and retail trade. (A parent or affiliate need not

be classified in one of these sectors to have sales of

goods.) Sales of services are defined as sales that are

typical of establishments in the 14 other NAICS sectors

and the support activities for agriculture, forestry, fishing and hunting and for mining.23 (A parent or affiliate

need not be classified in one of these sectors to have

sales of services.) In previous benchmark and annual

surveys, sales of goods and services were defined as the

sales that were characteristic of establishments in specified groups of SIC-based industries.24

Information on investment income was collected

primarily to ensure that, if investment income was included in total sales (or gross operating revenues), it

would not be included in sales of services. In finance

and insurance, parents and affiliates include investment income in sales because it is generated by a primary activity of the firm. In other industries, most

parents and affiliates consider investment income an

incidental revenue source and include it in the income

statement in an “other income” category rather than in

sales.

Employment and compensation of employees

In the benchmark survey, data on employment and

compensation of employees were collected for U.S.

parents and foreign affiliates. For U.S. parents and majority-owned foreign affiliates, data were also collected

23. The 14 NAICS sectors that are linked with services are utilities; transportation and warehousing; information; finance and insurance; real estate

and rental and leasing; professional, scientific, and technical services; management of companies and enterprises; administrative and support and

waste management and remediation services; educational services; health

care and social assistance; arts, entertainment, and recreation; accommodation and food services; other services (except public administration); and

public administration.

24. The distinction between sales of goods and sales of services under the

NAICS-based classifications introduced in the 1997 benchmark survey is

similar to that under the SIC-based classifications used in previous surveys.

However, some sales under the NAICS-based classifications—particularly,

those characteristic of newspaper, periodical, book, and record publishers

and of restaurants—are treated as sales of services, but under the SIC-based

classifications, these sales are treated as sales of goods. In addition, some

sales under the NAICS-based classifications—most notably, those characteristic of land subdividers, of firms that reproduce software and video, and

of dental laboratories—are treated as sales of goods, but under the SICbased classifications, they are treated as sales of services. The net effect of

these differences in classification is that sales of services is slightly higher,

and sales of goods slightly lower, on the new basis than on the old basis.
M–20 Methodology USDIA: 1999 BENCHMARK SURVEY

on the number of employees engaged in research and

development activities and on the components of

compensation of employees—wages and salaries and

employee benefits. For majority-owned foreign affiliates, data were also collected on the number of production workers engaged in manufacturing activities

and on the compensation of, and hours worked by,

those workers.

Survey respondents were asked to report employment as the number of full-time and part-time employees on the payroll at the end of fiscal year 1999.

However, a count taken during the year was accepted if

it was a reasonable proxy for the end-of-year number.

In addition, if employment at the end of the year was

unusually high or low because of temporary factors,

such as seasonal variations or a strike, a number reflecting normal operations was requested.

Employment by U.S. parents is classified both by industry of parent and by industry of sales. The classification by industry of sales is based on information

supplied by each U.S. parent on employment in the individual four-digit industries in which it had sales.

Employment by foreign affiliates is classified both

by industry of affiliate and by industry of U.S. parent.

It is not classified by industry of sales because the necessary data were not collected. (Earlier surveys had indicated that most affiliates had employment in only

one four-digit industry.)

Worker compensation rates were not directly collected in the benchmark survey, but, for majority-owned foreign affiliates, the data needed to derive

hourly compensation of production workers engaged

in manufacturing activities were collected. Such data

were collected only for production workers because

data on hours worked by nonproduction workers are

generally not maintained by survey respondents and

because data on aggregate hourly compensation and

wage rates for the United States and foreign countries

that might be comparable with the benchmark survey

data are limited to data for production workers.

Although the data on employment and compensation of employees from the benchmark survey can be

used to compute rates of compensation per employee

and wages and salaries per employee, these rates may

not accurately reflect the compensation rates normally

paid by parents and affiliates (and, thus, are not shown

in this publication). The computed rates may be distorted by the inclusion of part-time employees, because part-time employees are counted the same as

full-time employees, or by data that cover only part of

the year—for example, data for a parent or affiliate

that was newly established during the year.

U.S. trade in goods

The concepts and definitions underlying the data collected in the benchmark survey on U.S. trade in goods

of U.S. parents and foreign affiliates are nearly identical to those used for the data on total U.S. trade in

goods compiled by the Census Bureau. The trade data

are particularly difficult for survey respondents to report, but BEA’s review of the reported data indicates

that most of the data conforms well to Census Bureau

concepts and definitions. However, because of certain

reporting problems, the U.S. multinational company

trade data are not completely comparable with the

Census Bureau trade data. In the benchmark survey,

data on U.S. trade in goods had to be reported on a

“shipped” basis—that is, on the basis of when, where,

and to (or by) whom the goods were shipped—in order for them to be comparable with official U.S. trade

data. However, most survey respondents keep their accounting records on a “charged” basis—that is, on the

basis of when, where, and to (or by) whom the goods

were charged. The two bases are usually the same, but

they can differ substantially. For example, if a U.S. parent buys goods from country A and sells them to country B and if the goods are shipped directly from

country A to country B, the parent’s books would show

a purchase from country A and a sale to country B. Because the goods never entered or left the United States,

on a shipped basis, they would not be recorded as either U.S. imports or U.S. exports. However, if the parent’s trade data were reported on a charged basis, the

purchase would appear as a U.S. import and the sale

would appear as a U.S. export.

On the basis of its review, BEA believes most data

were reported on a shipped, rather than on a charged,

basis. However, some survey respondents had difficulty obtaining data on a shipped basis, which usually

required using shipping department documentation

rather than accounting records. If BEA determined

that the data were reported on a charged basis and that

these data were likely to differ materially from data reported on a shipped basis, it required revised reports

to be filed. However, some cases of erroneous reporting were probably not identified.

In addition, the data on trade by U.S. parents and

foreign affiliates that are collected by BEA are on a fiscal year basis, whereas the data on total U.S. trade in

goods that are collected by the Census Bureau are on a

calendar year basis. In the 1999 benchmark survey, foreign affiliates whose fiscal year exactly corresponded to
USDIA: 1999 BENCHMARK SURVEY Methodology M–21

the calendar year 1999 accounted for 74 percent of the

total exports of goods reported for all foreign affiliates

and for 78 percent of total imports (table 3). U.S. parents whose fiscal year exactly corresponded to the calendar year 1999 accounted for 72 percent of the total

exports of goods reported for all U.S. parents and for

74 percent of total imports.

Additional differences between the BEA trade data

and the Census Bureau trade data may have resulted

simply because the data come from two different

sources: The BEA data are based on company records,

whereas those of the Census Bureau are compiled from

export and import documents filed by the shipper with

the U.S. Customs Service on individual transactions.

The timing, valuation, origin or destination, shipper,

and product involved in a given export or import

transaction may be recorded differently on company

records than on customs export and import documents.

In the 1999 benchmark survey, exports and imports

of U.S. parents and majority-owned foreign affiliates

are disaggregated into 10 product categories on the basis of the Standard International Trade Classification,

Revision 3 (United Nations Statistical Papers, Series M,

No. 34/Rev. 3). (See pages 50-53 in the Guide to Industry and Foreign Trade Classifications for International

Surveys in the appendix for a description of the categories used.) U.S. exports of goods shipped to majority-owned foreign affiliates were also disaggregated by

intended use into three categories: Capital equipment,

goods for further processing, assembly, or manufacture by the affiliate, and goods for resale without further processing, assembly, or manufacture.

Total trade of a given U.S. parent with all of its foreign affiliates combined was reported on the parent

survey form (BE-10A), and trade of a foreign affiliate

with its U.S. parent was reported on the affiliate survey

form (BE-10B). However, the total trade of a U.S. parent with all of its affiliates combined may not equal the

sum of the trade with the U.S. parent that was reported

for the affiliates, because of differences in timing and

valuation and because the parent’s survey form may

include data for affiliates that are exempt from being

reported on the affiliates’ survey forms.

Research and development

The 1999 benchmark survey collected data on two

technology-related items—research and development

(R&D) expenditures and the number of employees engaged in R&D-related activities.

The data on R&D expenditures were collected on

two bases: R&D that was performed by the parent or

affiliate (whether the R&D was for its own use or for

use by others) and R&D that was funded by the parent

or affiliate (whether the R&D was performed internally

or by others). R&D on the performance basis can be

used to gauge the technological capabilities of parents

and affiliates, and it is the primary basis on which National Science Foundation surveys collect information

on R&D from U.S. businesses. R&D on the funding basis views R&D from the perspective of the costs of production and can be used as an indicator of a parent or

affiliate’s use of technology; this basis is consistent with

guidelines of the Financial Accounting Standards

Board for accounting for the costs of R&D.

Direct Investment Position

and

Balance of Payments Data

Direct investment position and direct investment balance of payments data measure the value of U.S. parents’ investment positions in, and the value of their

transactions with, their foreign affiliates. In contrast,

the financial and operating data of parents and affiliates provide measures of the overall operations of parents and affiliates, including their transactions and

investment positions with persons outside of the U.S.

multinational company. For example, the U.S. direct

investment position in a foreign affiliate is equal to the

U.S. parent’s equity in, and net outstanding loans to,

the affiliate; in contrast, a foreign affiliate’s total assets

are equal to the sum of (1) the total owners’ equity in

the affiliate that is held by its U.S. parent and by all

other persons and (2) the total liabilities owed by the

affiliate to its U.S. parent and to all other persons.25

For U.S. direct investment abroad, the following

major items appear in the U.S. international transactions (balance of payments) accounts:

● Direct investment capital outflows (which appear in

the financial accounts),

● Direct investment income,

● Direct investment royalties and license fees, and

● Other direct investment services.

Two adjustments are made to the balance of

payments data before they are entered into the U.S.

international accounts and the national income and

25. To illustrate, suppose that an affiliate is owned 80 percent by its U.S.

parent and that the affiliate has total owners’ equity of $50 million and total

liabilities of $100 million, of which $20 million is owed to the parent. In this

case, the affiliate’s total assets would be $150 million (total owners’ equity

of $50 million plus total liabilities of $100 million), and the parents’ position in the affiliate would be $60 million (80 percent of the $50 million of

owners’ equity plus the $20 million of intercompany debt).
M–22 Methodology USDIA: 1999 BENCHMARK SURVEY

product accounts (NIPAs). First, two of these items—

income and capital flows—are adjusted to reflect current-period prices.26 Second, the data from the benchmark survey are adjusted from a fiscal year basis to a

calendar year basis. As discussed in the section on fiscal

year reporting, the direct investment position and balance of payments data collected in the 1999 benchmark survey are on a fiscal year basis. Thus, before the

data are incorporated into the U.S. balance of payments accounts and the annual series on the position,

which are on a calendar year basis, they must be adjusted from a fiscal year basis to a calendar year basis.

The adjusted data for 1999 will be extrapolated forward to derive universe estimates for calendar years

after 1999 on the basis of sample data collected in

BEA’s quarterly surveys for those years.

U.S. direct investment position abroad

The U.S. direct investment position abroad at historical cost is equal to the net book value of U.S. parents’

equity in, and net outstanding loans to, their foreign

affiliates. The position may be viewed as the U.S. parents’ contributions to the total assets of their foreign

affiliates or as the financing provided in the form of

equity or debt by U.S. parents to their foreign affiliates.

The direct investment position data presented in

this publication are valued at historical cost and are

not adjusted to current value. Thus, they largely reflect

prices at the time of investment rather than prices of

the current period. Because historical cost is the basis

used for valuation in company accounting records in

the United States, it is the only basis on which companies can report data in BEA’s direct investment surveys.

It is also the only basis on which detailed estimates of

the position are available by country, by industry, and

by account. However, BEA does provide aggregate estimates of the position valued in current-period prices

on two alternative bases—current cost and market

value.27 The direct investment position at current cost

26. The adjustments are made only at the global level; the data required to

make them for countries and industries are not available. The adjustments

are accomplished in three steps. First, a capital consumption adjustment is

made to convert depreciation charges from a historical-cost basis to a current- (or replacement-) cost basis. Second, earnings are raised by the

amount of charges for the depletion of natural resources, because these

charges are not treated as production costs in the NIPAs. Third, expenses

for mineral exploration and development are reallocated across periods to

ensure that they are written off over their economic lives rather than all at

once.

27. Position estimates at current cost and at market value for U.S. direct

investment abroad (and for foreign direct investment in the United States)

are published each July in an article on the U.S. international investment

position in the SURVEY. For a discussion of concepts and estimating

procedures, see J. Steven Landefeld and Ann M. Lawson, “Valuation of the

U.S. Net International Investment Position,” SURVEY 71 (May 1991): 40–49.

revalues that portion of the position that represents

U.S. parents’ claims on the tangible assets of foreign affiliates (such as plant, equipment, and inventories), using price indexes appropriate to each of a few broad

asset classes. The direct investment position at market

value revalues U.S. parents’ equity in affiliates, using

aggregate stock price indexes for foreign countries. Investments in countries where county-specific stock

market data are not available are revalued using the

Morgan Stanley World Index for stocks.

U.S. parents’ equity in incorporated foreign affiliates can be broken down into U.S. parents’ holdings of

capital stock in, and other capital contributions to,

their affiliates and U.S. parents’ equity in the retained

earnings of their affiliates. Capital stock consists of all

stock of affiliates—both common and preferred and

both voting and nonvoting. Other capital contributions by U.S. parents, also referred to as the “U.S. parents’ equity in additional paid-in capital,” consist of

invested and contributed capital that is not included in

capital stock, such as cash contributions, the amount

paid for stock in excess of its par or stated value, and

the capitalization of intercompany accounts (conversions of debt to equity) that do not result in the issuance of capital stock. U.S. parents’ equity in retained

earnings is the U.S. parents’ shares of the cumulative

undistributed earnings of their incorporated foreign

affiliates.

Although some unincorporated affiliates could not

disaggregate owners’ equity by type, the data on U.S.

parents’ equity in affiliates by type cover both incorporated and unincorporated affiliates. For unincorporated affiliates for which no breakdown of owners’

equity by type was available, the parents’ total equity

was included in capital stock. The U.S. parents’ share

in total owners’ equity (not broken down by type) is

shown for incorporated affiliates and for unincorporated affiliates in addenda to the tables presenting the

U.S. direct investment position abroad.

U.S. parents’ net outstanding loans to their foreign

affiliates, also referred to as “foreign affiliates’ net intercompany debt payables to U.S. parents,” consist of

trade accounts and trade notes payable, other current

liabilities, and long-term debt that is owed by the affiliates to their U.S. parents and that is net of similar items

due to the affiliates from their U.S. parents.

Intercompany debt includes the value of capital

leases and of operating leases of more than 1 year between U.S. parents and their foreign affiliates. The

value of property leased to a foreign affiliate by its U.S.

parent is included in affiliates’ payables, and the

value of property leased by a foreign affiliate to its U.S.
USDIA: 1999 BENCHMARK SURVEY Methodology M–23

parent is included in affiliates’ receivables. Under a

capital lease, it is assumed that the title to the leased

property will be transferred to the lessee at the termination of the lease, similar to an installment sale. Operating leases have a term that is significantly shorter

than the expected useful life of the tangible property

being leased, and the leased property is usually returned to the lessor at the termination of the lease. For

capital leases, the value of the leased property is calculated according to GAAP; under GAAP, the lessee

records either the present value of the future lease payments or the fair market value of the leased property,

whichever is lower, and the lessor records the sum of

all future lease receipts. For operating leases of more

than 1 year, the value recorded is the original cost of

the leased property less the accumulated depreciation.

For affiliates that are depository institutions, the direct investment position is defined to include only

their U.S. parents’ equity and permanent debt investment in them; similarly, the direct investment flows

that enter the U.S. international transactions accounts

for these affiliates include only transactions related to

such investment. All other transactions and positions—mainly claims and liabilities arising from the

parents’ and affiliates’ normal banking business—are

excluded from the direct investment accounts and included along with other banking claims and liabilities

in the portfolio or other investment accounts.

For nonbank foreign affiliates that are primarily engaged in financial intermediation, the direct investment position and associated direct investment capital

flows exclude intercompany debt transactions.28 This

treatment, which was introduced in the U.S. international transactions accounts in 1998 and affected the

estimates for 1994 and beyond, is similar to the treatment of nonpermanent debt investment for affiliates

that are depository institutions.

A U.S. parent and its foreign affiliate may have a

two-way relationship—that is, each may have debt and

equity investment in the other. Thus, a U.S. parent may

have investment in a foreign affiliate that, in turn, has

investment in the U.S. parent as a result of the affiliate’s

lending funds to, or acquiring voting securities or

other equity interest in, the U.S. parent. In the intercompany debt portion of the position, affiliates’ receivables from their U.S. parents (reverse debt investment)

are netted against affiliates’ payables to their U.S. par28. A nonbank affiliate that is primarily engaged in financial intermediation is defined to be a finance affiliate whose U.S. parent company is a bank

or securities broker-dealer. Finance affiliates located in the Netherlands

Antilles are also included in this category.

ents.29 Equity investment by foreign affiliates in their

U.S. parents is included in foreign portfolio investment

in the United States if the affiliate’s ownership is less

than 10 percent or in the foreign direct investment position in the United States if the affiliate’s ownership of

its U.S. parent is 10 percent or more.

The direct investment position at the end of the year

is equal to the position at the end of the previous year

plus the change in the position during the year (table

5).

The change in position during the year is the sum of

direct investment capital flows (defined below) and

valuation adjustments. Valuation adjustments are

broadly defined to include all changes in the position

other than those arising from capital flows. They primarily reflect differences between transactions values,

which are used to record direct investment capital

flows, and the book values on foreign affiliates’ books,

which are used to record the position and, hence,

changes in the position. For example, valuation adjustments include differences between the transactions

value and book value of foreign affiliates that are sold

by U.S. parents.30 They also include currency-translation adjustments—that is, the gains and losses that

arise because of changes in the exchange rates used

in translating affiliates’ foreign-currency-denominated assets and liabilities into U.S. dollars—and other

29. In the rare case in which a foreign affiliate and its U.S. parent own 10

percent or more of each other, a foreign affiliate’s debt investment in its U.S.

parent is not netted against the parents’ debt investment in it. In order to

avoid double-counting, the U.S. parents’ debt investment in the foreign

affiliate is included in the U.S. direct investment position abroad, and the

foreign affiliate’s debt investment in the U.S. parent is included in the foreign direct investment position in the United States.

30. For the current-price estimates of the foreign direct investment position entered in the U.S. international investment position, the corresponding valuation adjustments would reflect differences between the transactions values and the estimated current values of the affiliates.

Table 5. Change in the Direct Investment Position 

on a Historical-Cost Basis

[Millions of dollars]

Position at yearend 1998................................ 981,961

Change in position............................................ 204,920

Capital outflows.............................................. 204,046

Equity capital............................................... 95,998

Increases.................................................. 132,030

Decreases ................................................ 36,032

Reinvested earnings.................................... 41,947

Intercompany debt.................................... 66,101

Increases in U.S. parents’ receivables .... 89,656

Increases in U.S. parents’ payables ........ 23,555

Valuation adjustments.................................... 874

Position at yearend 1999................................ 1,186,882
M–24 Methodology USDIA: 1999 BENCHMARK SURVEY

capital gains and losses, such as revaluations of assets

that may result from mergers and acquisitions.

Direct investment capital outflows

Direct investment capital outflows (which are recorded

in the financial account of the U.S. international transactions accounts) consist of equity capital outflows, reinvested earnings, and intercompany debt outflows.

This section first defines these components and then

discusses the coverage, measurement, and presentation

of direct investment capital outflows.

Equity capital outflows. Equity capital outflows are

net increases in U.S. parents’ equity in their foreign affiliates; equity capital inflows (decreases in equity) are

netted against equity capital outflows (increases in equity) to derive the net outflow. Equity capital outflows

exclude changes in equity that result from the reinvestment of earnings, which are recorded as a separate

component of direct investment capital outflows.

Equity capital outflows to foreign affiliates result

from U.S. parents’ establishment of new foreign affiliates, from their initial acquisitions of 10-percent-or-more ownership interests in existing foreign

business enterprises, from their acquisitions of additional ownership interests in existing foreign affiliates,

and from their capital contributions to foreign affiliates.

Equity capital inflows result from liquidations of

foreign affiliates, from partial or total sales of ownership interests in foreign affiliates, and from the return

of capital contributions. Equity capital inflows also include liquidating dividends, which are a return of capital to U.S. parents.

Equity capital outflows are recorded at transactions

values on the basis of the books of the U.S. parents

rather than on the basis of the books of the affiliates.

The data are based on the books of the parents partly

because some transactions—such as when a U.S. parent purchases or sells stock in an affiliate from or to an

unaffiliated third party—are not recorded in the books

of the foreign affiliates.

Data from the books of the U.S. parent are also

sometimes needed to obtain the transactions values

that are required for balance of payments accounting.

For example, equity capital inflows related to the sale

of a foreign affiliate should include any premium or

discount between the present transactions value and

the historical value of the parent’s investment. These

values are sometimes available only from the parent’s

books; the equity capital of a foreign affiliate that is

newly acquired or sold by its U.S. parent is carried at

book value in the books of the foreign affiliate, but it is

carried at transaction value in the books of the U.S.

parent.

Reinvested earnings. Reinvested earnings of foreign

affiliates are earnings less distributed earnings. Earnings are U.S. parents’ shares in the net income of their

foreign affiliates after the provision for foreign income

taxes. A U.S. parent’s share in earnings is based on its

directly held equity interest in the foreign affiliate. The

earnings and reinvested earnings estimates in this publication are not adjusted to reflect current-period

prices, because the source data needed to adjust the estimates by detailed country and industry are not available.

Earnings are entered into direct investment income

because they are income to the U.S. parent, whether

they are reinvested in the affiliate or remitted to the

parent. However, because reinvested earnings are not

actually transferred to the U.S. parent but increase the

parent’s investment in its affiliate, an entry that is equal

to that made in the direct investment income account

but that has the opposite sign is made in the direct investment capital account.

For incorporated foreign affiliates, distributed earnings are dividends on common and preferred stock of

the affiliates that are held by their U.S. parents. Distributions can be paid out of current or past earnings.

Dividends exclude stock and liquidating dividends.

Stock dividends are excluded because they are a capitalization of retained earnings—a substitution of one

type of equity (capital stock) for another (retained

earnings); they reduce the amount of retained earnings

available for distribution but leave total owners’ equity

unchanged. Thus, stock dividends do not give rise to

entries in the international transactions accounts.31

Liquidating dividends are excluded because they are a

return of capital rather than a remittance of earnings

(liquidating dividends are included instead as inflows

in the direct investment equity capital account). For

unincorporated affiliates, distributed earnings are

earnings distributed to U.S. parents out of current or

past earnings.

Distributed earnings, like total earnings, are based

on the books of U.S. parents. Because they are on an

31. “Stock dividends” are used here to refer to essentially the same concept that is discussed in the International Monetary Fund’s Balance of Payments Manual under the heading of “bonus shares.” BEA has retained its

terminology because it conforms to what U.S. firms understand by the term

“stock dividends.”
USDIA: 1999 BENCHMARK SURVEY Methodology M–25

accrual basis, they are reported as of the date that they

are either received from foreign affiliates or entered

into intercompany accounts with foreign affiliates.

Distributed earnings are included whether they are

paid in cash, through debt creation, or in kind.

Intercompany debt outflows. Intercompany debt

outflows consist of the increase in U.S. parents’ net intercompany debt receivables from their foreign affiliates during the year. The increase for a given period is

derived by subtracting the net outstanding intercompany debt balance (that is, U.S.-parent receivables less

U.S.-parent payables) at the end of the previous period

from the net outstanding balance at the end of the current period.

When a U.S. parent lends funds to its foreign affiliate, the balance of the U.S. parents’ receivables

(amounts due) from the affiliate increase; subsequently, when the affiliate repays the principal owed to

its U.S. parent, the balance of the U.S. parent’s receivables from the affiliate is reduced. Similarly, when a

U.S. parent borrows funds from its foreign affiliate, the

balance of the U.S. parent’s payables (amounts owed)

to the affiliate increase; subsequently, when the U.S.

parent repays the principal owed to its affiliate, the balance of the U.S. parent’s payables to the affiliate are reduced.

Increases in U.S. parents’ receivables from, or reductions in parents’ payables to, their foreign affiliates give

rise to outflows on intercompany debt accounts. Reductions in U.S. parents’ receivables from, or increases

in U.S. parents’ payables to, their affiliates give rise to

inflows.

Not all intercompany debt transactions reflect actual flows of funds. For example, when distributed

earnings, interest, or royalties and license fees from a

foreign affiliate accrue to its U.S. parent, the full

amount is included as an income or royalty and license

fee receipt (an inflow) on U.S. direct investment

abroad. If part of that amount is not actually transferred to the U.S. parent, the amount not transferred is

entered into intercompany debt as an increase in the

U.S. parent’s receivables from its affiliate (an outflow).

The net change in intercompany debt includes

changes in the value of capital leases and operating

leases of more than 1 year between U.S. parents and

their foreign affiliates. When property is leased by a

foreign affiliate from its U.S. parent under a capital

lease or a long term operating lease, the value of the

leased property is recorded as an intercompany debt

outflow because it increases the U.S. parent’s receivables. The subsequent payment of principal on a capital lease or the component of rent on an operating

lease that reflects depreciation is a return of capital and

is recorded as an intercompany debt inflow because it

reduces the U.S. parent’s receivables. Similarly, when

property is leased to a U.S. parent by its foreign affiliate, the value of the leased property is recorded as an

intercompany debt inflow because it increases the U.S.

parent’s payables. The subsequent payment of principal on a capital lease or the component of rent on an

operating lease that reflects depreciation is a return of

capital and is recorded as an intercompany debt outflow because it reduces the U.S. parent’s payables.

Coverage, measurement, and presentation. Most

intercompany debt and equity capital flows result from

transactions between U.S. parents and their foreign affiliates. However, some of these flows may result from

transactions between U.S. parents and unaffiliated foreign persons; for example, a direct investment equity

capital flow results from a transaction between a U.S.

parent and an unaffiliated foreign person when the

parent purchases an affiliate’s capital stock from the

unaffiliated person.

In general, direct investment capital outflows exclude transactions among U.S. persons because U.S.-

to-U.S. transactions are not international transactions

of the United States. Thus, if one U.S. person purchases

a direct investment interest in a foreign affiliate from

another U.S. person, the new owner will establish or

increase its ownership interest in the foreign affiliate,

but no equity capital outflow is recorded, because the

transaction occurs entirely within the United States. In

addition, there may be no net increase in U.S. claims

on foreign countries; instead, one U.S. person’s claims

have merely been substituted for those of another.32

If the U.S. purchaser’s original interest represented

only a portfolio (less-than-10-percent) investment interest and if the combined interests qualify as a direct

investment as a result of the purchase of an additional

interest, a direct investment capital outflow equal to

the value of the additional interest is recorded. In addition, a valuation adjustment is made to the direct investment position to bring into the position the

original investment. If a U.S. parent’s interest in an affiliate falls below 10 percent, a direct investment capital

inflow is recorded, and a valuation adjustment is made

to extinguish the remaining direct investment interest.

32. Any revaluation of the investment by the new U.S. parent is treated as

a valuation adjustment to the U.S. direct investment position abroad.
M–26 Methodology USDIA: 1999 BENCHMARK SURVEY

Equity capital and intercompany debt outflows can

be disaggregated into several subaccounts. Equity capital outflows, which are recorded as a net amount, can

be disaggregated to show increases and decreases in equity capital. Intercompany debt outflows can be disaggregated to show both the flows resulting from changes

in U.S. parents’ receivables and the flows resulting

from changes in U.S. parents’ payables. Certain transactions may affect two of these subaccounts simultaneously and by exactly offsetting amounts. Such

transactions are “grossed up”; that is, the outflows and

the offsetting inflows are recorded in the affected subaccounts rather than being netted to zero and not recorded in any subaccount. However, because such

gross flows are offsetting, they have no effect on net

capital outflows. For example, the capitalization of intercompany debt, which gives rise to an intercompany

debt inflow and an offsetting equity capital outflow, results in gross, but not net, flows.

Direct investment income

Direct investment income is the return on the U.S. direct investment position abroad; that is, it is the U.S.

parents’ return on their debt and equity investment in

foreign affiliates. Direct investment income consists of

earnings (that is, U.S. parents’ shares in the net income

of their foreign affiliates) plus interest on intercompany debt accounts of U.S. parents with their foreign

affiliates (interest is defined as interest received by U.S.

parents from their foreign affiliates net of interest paid

by U.S. parents to their foreign affiliates). Earnings are

the U.S. parents’ return on their equity investment,

and interest is the U.S. parents’ return on their debt investment, in their foreign affiliates. Table 6 shows direct investment income and the relationships among

its components from the 1999 benchmark survey.

Direct investment income is recorded as accrued.

Direct investment income and earnings exclude currency-translation adjustments and other capital gains

and losses, whether or not such gains and losses are included in net income for income statement purposes.

Table 6. Investment Income and Its Components

[Millions of dollars]

Income ............................................................. 109,268

Earnings......................................................... 105,102

Distributed earnings .................................... 63,154

Reinvested earnings.................................... 41,947

Interest........................................................... 4,166

U.S. parents’ receipts .................................. 7,095

U.S. parents’ payments ............................... 2,929

This treatment is intended to make income and earnings correspond more closely to the current operating

performance of foreign affiliates, as recommended by

international guidelines for the compilation of balance

of payments accounts.

Direct investment income is measured before deduction (that is, gross) of withholding taxes. This

treatment views taxes as being levied on the recipient

of the distributed earnings or interest to which the

taxes are applied, and thus as being paid across borders

even though, as an administrative convenience, the tax

payments are actually made by the firm whose disbursement gave rise to them. Thus, foreign withholding taxes on distributed earnings and on interest

received by the U.S. parent are recorded as if they were

paid by the parent, not by the foreign affiliate. Similarly, U.S. withholding taxes on interest payments by

the U.S. parent are recorded as if they were paid by the

foreign affiliate, not by the U.S. parent. Counterentries

for these taxes are made in the U.S. international

transactions accounts under current unilateral transfers.

BEA collects data on withholding taxes on distributed earnings on its quarterly survey of U.S. direct investment abroad, but withholding taxes on interest,

royalties and license fees, and other private services are

collected only in benchmark surveys. Withholding

taxes on these items must be estimated for nonbenchmark years.

The interest component of direct investment income is measured as interest paid or credited to U.S.

parents on debt owed to them by their foreign affiliates

less interest paid, or credited by, U.S. parents on debt

owed by them to their foreign affiliates.33 Interest payments are netted against interest receipts because in

the intercompany debt component of the U.S. direct

investment position abroad, debt owed by U.S. parents

to foreign affiliates is netted against debt owed by foreign affiliates to U.S. parents. Like other components

of direct investment income, interest is reported as accrued. It includes interest paid through debt creation

or in kind as well as interest paid in cash.

Interest includes net interest payments on capital

33. For foreign affiliates that are depository institutions (commercial

banks and bank holding companies, savings institutions, and credit

unions), interest includes only payments on permanently invested debt

capital in the affiliate. For nonbank affiliates that are primarily engaged in

financial intermediation, all interest on intercompany debt is excluded

from direct investment income payments. The treatment of interest for

these two types of affiliates parallels the treatment of their debt transactions

with their U.S. parents, as described in the section “U.S. direct investment

position abroad.”
USDIA: 1999 BENCHMARK SURVEY Methodology M–27

leases between U.S. parents and foreign affiliates because the outstanding capitalized value of such leases is

included in the intercompany-debt component of the

direct investment position.34 

Direct investment royalties and license fees

Direct investment royalties and license fees consist of

receipts by U.S. parents from, and payments by U.S.

parents to, their foreign affiliates of fees for the use or

sale of intangible property or rights, such as patents,

industrial processes, trademarks, copyrights, franchises, techniques, manufacturing rights, and other intangible assets or proprietary rights.

In the U.S. international transactions accounts, U.S.

parents’ receipts of royalties and license fees are recorded as U.S. exports of services, and U.S. parents’

payments are recorded as U.S. imports of services.

Both receipts and payments are measured before deduction, or gross, of (foreign or U.S.) withholding

taxes.

Receipts and payments of royalties and license fees

are based on the books of the U.S. parents and are reported as accrued. When funds are not actually transferred, offsetting entries are made in the intercompany

debt account.

Other direct investment services

Transactions in other direct investment services consist

of receipts by U.S. parents from, and payments by U.S.

parents to, their foreign affiliates of service charges, of

charges for the use of tangible property, and for film

and television tape rentals. Receipts and payments are

reported as accrued and are based on the books of U.S.

parents.

In the U.S. international transactions accounts, U.S.

parents’ receipts are recorded as U.S. exports of services, and U.S. parents’ payments are recorded as U.S.

imports of services. Both receipts and payments are

measured before deduction, or gross, of (foreign or

U.S.) withholding taxes.

Service charges. Service charges consist of fees for

services—such as management, professional, or technical services—rendered between U.S. parents and

their foreign affiliates. The service charges may represent sales of services or reimbursements. Sales of

services are receipts for services rendered that are in34. Although the value of operating leases of more than 1 year is also

included in the intercompany debt position, payments of net rent (which

covers interest, administrative expenses, and profit) on such leases are

recorded as charges for the use of tangible property (part of the “other

direct investment services” account) rather than as interest.

cluded in sales or gross operating revenues in the income statement of the seller. Normally, such receipts

are included in sales if the performance of the service is

a primary activity of the enterprise. (For example, if a

U.S. management consulting firm provides management-consulting services to its foreign affiliates, the resulting revenues are included in its sales.)

Reimbursements are receipts for services rendered

that are normally included in “other income” rather

than in sales in the income statement of the provider of

the service. Typically, the performance of the service is

not a primary activity of the enterprise; however, the

service may facilitate or support the conduct of the enterprise’s primary activities. (For example, if a U.S.

manufacturer provides management services to its foreign manufacturing affiliate, the associated charges

typically would be recorded in its income statement

under “other income” and reported to BEA as a reimbursement.)

Reimbursements may be allocated expenses or direct charges for the services rendered. Allocated expenses are overhead expenses that are apportioned

among the various divisions or parts of an enterprise.

An example would be R&D assessments on foreign affiliates by a U.S. parent for R&D the parent performs

and shares with its affiliates.

Intercompany service charges are disaggregated into

six types of services, using categories that are based on

the detail recommended in the International Monetary

Fund’s Balance of Payments Manual. The data on intercompany service charges by category indicate that 79

percent of U.S. parents’ receipts and 47 percent of U.S.

parents’ payments were for “other” services (table

II.AA6). These high percentages may have resulted because survey respondents did not have the necessary

information in their books to provide a breakdown of

their allocated expenses or of other services transactions with their foreign affiliates by type of service. The

share for “other” services may also be large because

many services (such as advertising, management, research and development, and accounting services) are

not covered by the other five categories.35

Charges for the use of tangible property. Charges

for the use of tangible property include total lease payments under operating leases of 1 year or less and net

35. After the 1994 benchmark survey, BEA’s quarterly survey of U.S. direct

investment abroad was amended to collect, once each year, detail on service

charges by type of service. Beginning with the quarterly surveys for 2001,

two categories—management and consulting services and research, development, and testing services—were added, and the category for communication services was dropped.
M–28 Methodology USDIA: 1999 BENCHMARK SURVEY

rent on operating leases of more than 1 year. From the

lessors’ viewpoint, total lease payments for operating leases consist of two components: (1) Net rent,

which covers interest, administrative expenses, and

profit, and (2) depreciation, which is a return of capital.

For operating leases of more than 1 year, net rent is

included in “other direct investment services,” and depreciation is included as an intercompany debt flow in

the direct investment capital account. For operating

leases of 1 year or less, total lease payments—both net

rent and depreciation—are included in “other direct

investment services.” 

Film and television tape rentals. Film and television tape rentals are rentals received by U.S. parents

from, and rentals paid by U.S. parents to, their foreign

affiliates for the sale or use of film and television tapes.

Except for mass-produced media, such as prerecorded

video cassettes or disks (which are recorded in U.S.

trade in goods), such film and television tapes are

treated as if they were being rented rather than sold,

and payments for the tapes are considered payments

for services rather than payments for goods. This treatment is used because the value of the tapes is derived

mostly from the services, such as entertainment and

education, that they provide, not from the value of the

media on which they are recorded. Thus, the cost of

the film and television tapes is excluded from the U.S.

trade-in-goods account and is included in “other direct investment services.”
M–29

The amount and type of data available from the

benchmark survey varies according to whether the foreign affiliates or U.S. parents are banks or nonbanks,

and for nonbank affiliates, according to whether they

are majority or minority owned. The 15 possible

groups of affiliates and parents are shown in table 7.

Selected data for the affiliates in each group are shown

in the top half of the table, and selected data for each

group’s U.S. parents are shown in the bottom half. Primarily because of space and resource limitations, the

tables in this publication cover only 5 of the 15 groups:

Group I, all affiliates of all U.S. parents (column 1 of

table 7); group II, nonbank affiliates of nonbank U.S.

parents (column 7); group III, majority-owned nonbank affiliates of nonbank U.S. parents (column 8);

group IV, nonbank affiliates of U.S. parents in banking

(column 10); and group V, bank affiliates of all U.S.

parents (column 13). In total, 14 tables are presented

for group I; 65 tables, for group II; 134 tables, for

group III; 1 table, for group IV; and 1 table, for group

V.

The table on the following pages shows the data that

are presented in this publication for each of the five affiliate groups. The columns represent the five affiliate

groups and the rows list the different tables. An “✔” in

the column for a group means that the data are published for the affiliates in that group or for their U.S.

parents.

Presentation of the Data

Table 7. Selected Data for Foreign Affiliates by Group of Affiliate or by Group of Parent

[Millions of dollars, unless otherwise noted]

By Group of Affiliate

All

affiliates

of all

parents

All

affiliates

of nonbank

parents

All

affiliates

of bank 

parents

Nonbank affiliates of

all parents

Nonbank affiliates of

nonbank parents

Nonbank affiliates of

bank parents Bank

affiliates

of all

parents

Bank

affiliates 

of

nonbank 

parents

Bank

affiliates 

of

bank

parents Total

Majorityowned 

affiliates

Other 

affiliates Total

Majorityowned 

affiliates

Other 

affiliates Total

Majorityowned 

affiliates

Other 

affiliates

(1) (2) (3) (4) (5) (6) (7) (8) (9) (10) (11) (12) (13) (14) (15)

Number of affiliates .......... 23,980 23,414 672 23,552 21,425 2,127 23,121 21,042 2,079 431 383 48 428 293 241

Total assets ...................... 6,549,776 5,167,979 1,381,797 5,050,909 4,467,106 583,802 4,631,810 4,056,424 575,386 419,099 410,682 8,417 1,498,867 536,169 962,698

Sales ................................ 2,705,066 2,647,315 57,751 2,630,110 2,235,556 394,555 2,611,764 2,218,945 392,819 18,346 16,611 1,736 74,956 35,551 39,405

Net income....................... 192,429 184,983 7,446 189,450 170,174 19,276 181,915 162,759 19,156 7,535 7,415 120 2,979 3,068 –89

Compensation of 

employees ...................... 305,959 299,894 6,065 297,045 256,310 40,735 295,311 254,923 40,388 1,734 1,387 347 8,914 4,583 4,331

Thousands of employees . 9,412.3 9,294.1 118.2 9,266.0 7,790.8 1,475.2 9,220.2 7,765.8 1,454 45.8 25.0 20.8 146.3 73.9 72.4

Investment position .......... 1,186,882 1,157,397 29,485 1,154,908 1,114,366 40,542 1,132,687 1,092,419 40,268 22,221 21,947 274 31,974 24,710 7,264

Direct investment income. 109,268 107,595 1,673 108,916 106,658 2,259 106,150 103,906 2,244 2,766 2,751 15 352 1,445 –1,093

By Group of Parent

All

parents

of all

affiliates

Nonbank 

parents

of all

affiliates

Bank

parents

of all

affiliates

Parents of

nonbank affiliates

Nonbank parents of

nonbank affiliates

Bank parents of

nonbank affiliates All

parents

of bank 

affiliates 1

Nonbank 

parents

of bank

affiliates 1

Bank

parents

of bank 

affiliates 1 Total 1

Majorityowned

affiliates 2

Other 

affiliates 2 Total 1

Majorityowned

affiliates 2

Other 

affiliates 2 Total 1

Majorityowned 

affiliates 2

Other 

affiliates 2

(1) (2) (3) (4) (5) (6) (7) (8) (9) (10) (11) (12) (13) (14) (15)

Number of parents ........... 2,606 2,555 51 2,599 2,495 722 2,554 2,471 712 25 24 10 72 22 50

Total assets ...................... 15,077,669 11,688,359 3,389,310 14,412,521 14,185,454 8,543,941 11,675,871 11,453,826 7,113,489 2,736,650 2,731,628 1,430,452 5,719,996 2,331,542 3,388,454

Sales ................................ 6,271,525 5,975,478 296,047 6,203,278 6,108,036 3,442,555 5,961,616 5,866,916 3,317,252 241,662 241,120 125,304 767,842 471,854 295,988

Net income....................... 441,489 394,515 46,974 433,150 428,061 282,425 394,161 389,150 258,843 38,989 38,911 23,582 109,771 62,806 46,965

Compensation of 

employees...................... 1,164,391 1,103,919 60,472 1,152,628 1,131,528 614,467 1,101,917 1,081,079 589,815 50,711 50,449 24,652 141,278 80,818 60,460

Thousands of employees . 23,985.3 23,006.8 978.5 23,759.5 23,330.9 10,836.8 22,968.6 22,541.9 10,439.1 790.9 789.0 397.7 1,937.1 958.9 978.2

1. Because some parents have both nonbank and bank affiliates, the sum of columns 4 and 13, columns 7 and 14, and

columns 10 and 15 contain duplication and do not equal the totals in columns 1, 2, and 3, respectively.

2. Because some parents have both majority- and minority-owned affiliates, the sum of columns 5 and 6, columns 8 and

9, and columns 11 and 12 contain duplication and do not equal the totals in columns 4, 7, and 10, respectively.
M–30 Presentation of the Data USDIA: 1999 Benchmark Survey

In the title of each table is an alphanumeric code

that consists of (1) a Roman numeral (I, II, III, IV, or

V) to indicate the affiliate group covered, (2) a capital

letter to indicate the general subject matter, and (3) an

Arabic numeral to indicate the specific subject matter

of the table.1

 For example, table I.B5 covers all affiliates

of all U.S. parents (group I), is part of the group of tables that covers affiliates’ balance sheets, and provides

data specifically on total assets disaggregated by country and cross-classified by major industry. If a given table is published for more than one affiliate group, it

will have the same letter and Arabic numeral designation (to indicate that the general and specific subject

1. The letters A to L indicate that the table contains foreign-affiliate financial and operating data; M to W, U.S.-parent financial and operating data;

and X to AA, direct investment position and balance of payments data.

matters of the tables are the same), but it will have different Roman numerals (to indicate that different affiliate groups are covered). For example, table III.B5 has

the same format and the same general and specific

subject matters as table I.B5, but table III.B5 covers

majority-owned nonbank affiliates of nonbank U.S.

parents (group III), and table I.B5 covers all affiliates

of all U.S. parents (group I).

The tables are presented in the numerical order of

the groups: The tables in group I are presented first,

followed by the tables in groups II, III, IV, and V. 

In a group, the numbering of tables are often not

consecutive, because some tables are not shown for

some groups. For example, in group I, table I.A3 is the

first table because tables I.A1 and I.A2 are not presented.

Organization of Tables

Group I Group II Group III Group IV Group V

All

affiliates 

of all 

U.S. 

parents

Nonbank 

affiliates 

of nonbank U.S. 

parents

Majorityowned 

nonbank 

affiliates

of nonbank U.S. 

parents

Nonbank 

affiliates

of U.S. 

parents in

banking

Bank

affiliates 

of all U.S. 

parents

Foreign affiliate financial and operating data

A. Selected data

1. Selected Data for Foreign Affiliates in All Countries in Which Investment

Was Reported............................................................................................... ✔ ✔

2. Selected Data for Foreign Affiliates and U.S. Parents in All Industries.............. ✔ ✔

3. Selected Data for Foreign Affiliates, by Country ............................................... ✔ ✔

4. Selected Data for Foreign Affiliates and U.S. Parents, by Industry ................... ✔

B. Balance sheet

1. Balance Sheet of Affiliates––Assets, Country by Account .............................. ✔ ✔

2. Balance Sheet of Affiliates––Liabilities and Owners’ Equity, Country by 

Account......................................................................................................... ✔ ✔

3. Balance Sheet of Affiliates––Assets, Industry by Account .............................. ✔

4. Balance Sheet of Affiliates––Liabilities and Owners’ Equity, Industry by 

Account......................................................................................................... ✔

5. Total Assets of Affiliates, Country by Industry ................................................. ✔ ✔ ✔

6. Total Assets of Affiliates, Industry by Country ................................................. ✔ ✔

7. Net Property, Plant, and Equipment of Affiliates, Country by Industry ............ ✔ ✔

8. Net Property, Plant, and Equipment of Affiliates, Industry by Country ............ ✔ ✔

9. Owners’ Equity of Affiliates, Country by Industry ............................................ ✔

10. Owners’ Equity of Affiliates, Industry by Country ............................................ ✔

11. Balance Sheet of Affiliates––Assets, Industry of U.S. Parent by Account....... ✔

12. Balance Sheet of Affiliates––Liabilities and Owners’ Equity, Industry

of U.S. Parent by Account............................................................................. ✔

13. Total Assets of Affiliates, Industry of U.S. Parent by Country.......................... ✔ ✔

Organization of Tables continues.
USDIA: 1999 Benchmark Survey Presentation of the Data M–31

Group I Group II Group III Group IV Group V

All

affiliates 

of all U.S. 

parents

Nonbank 

affiliates of 

nonbank 

U.S. parents

Majorityowned 

nonbank 

affiliates of 

nonbank 

U.S. parents

Nonbank 

affiliates of 

U.S. parents in

banking

Bank

affiliates of 

all U.S. 

parents

C. External financial position

1. External Financial Position of Affiliates, Country of Affiliate by Transactor

and Account................................................................................................. ✔

2. External Financial Position of Affiliates, Industry of Affiliate by Transactor

and Account................................................................................................. ✔

3. External Financial Position of Affiliates, Industry of U.S. Parent by

Transactor and Account............................................................................... ✔

4. Receivables and Financial Investments of Affiliates, by Major Area and

Major Industry of Affiliate ............................................................................. ✔

D. Property, plant, and equipment

1. Change in Property, Plant, and Equipment of Affiliates, Country by Account... ✔

2. Change in Property, Plant, and Equipment of Affiliates, Industry by Account .. ✔

3. Change in Property, Plant, and Equipment of Affiliates, Industry of U.S.

Parent by Account........................................................................................ ✔

4. Capital Expenditures by Affiliates, Country by Type ......................................... ✔

5. Capital Expenditures by Affiliates, Industry by Type......................................... ✔

6. Capital Expenditures by Affiliates, Country by Industry.................................... ✔ ✔

7. Capital Expenditures by Affiliates, Industry by Country.................................... ✔ ✔

8. Capital Expenditures by Affiliates, Industry of U.S. Parent by Country............. ✔

E. Income statement

1. Income Statement of Affiliates, Country by Account......................................... ✔ ✔

2. Income Statement of Affiliates, Industry by Account ........................................ ✔

3. Sales by Affiliates, Country by Industry ............................................................ ✔ ✔ ✔

4. Sales by Affiliates, Industry by Country ............................................................ ✔ ✔

5. Foreign Income Taxes of Affiliates, Country by Industry .................................. ✔

6. Net Income of Affiliates, Country by Industry ................................................... ✔✔✔

7. Net Income of Affiliates, Industry by Country ................................................... ✔ ✔

8. Income Statement of Affiliates, Industry of U.S. Parent by Account ................. ✔

9. Sales by Affiliates, Industry of U.S. Parent by Country..................................... ✔ ✔

F. Sales

1. Sales by Affiliates, Selected Area and Industry of Affiliate and Type of

Sale by Destination and Transactor ............................................................. ✔

2. Sales by Affiliates, Country of Affiliate by Destination .................................... ✔

3. Sales by Affiliates, Industry of Affiliate by Destination .................................... ✔

4. Sales by Affiliates to the United States, Country of Affiliate by Industry of 

Affiliate ......................................................................................................... ✔

5. Sales by Affiliates to Foreign Countries, Country of Affiliate by Industry of 

Affiliate ......................................................................................................... ✔

6. Sales by Affiliates to Foreign Countries, Industry of Affiliate by Country of 

Affiliate ......................................................................................................... ✔

7. Local Sales by Affiliates, Country of Affiliate by Industry of Affiliate............... ✔

8. Sales by Affiliates to Foreign Countries Other Than the Host Country, 

Country of Affiliate by Industry of Affiliate .................................................... ✔

9. Sales by Affiliates, Industry of U.S. Parent by Destination.............................. ✔

Organization of Tables

Organization of Tables continues.
M–32 Presentation of the Data USDIA: 1999 Benchmark Survey

Group I Group II Group III Group IV Group V

All

affiliates 

of all U.S. 

parents

Nonbank 

affiliates of 

nonbank 

U.S. parents

Majorityowned 

nonbank 

affiliates of 

nonbank 

U.S. parents

Nonbank 

affiliates of 

U.S. parents in

banking

Bank

affiliates of 

all U.S. 

parents

10. Sales by Affiliates to Foreign Countries Other Than the Host Country, 

Country of Affiliate by Country of Destination............................................... ✔

11. Sales by Affiliates to Affiliates in Foreign Countries Other Than the Host 

Country, Country of Affiliate by Country of Destination ................................ ✔

12. Sales by Affiliates to Unaffiliated Foreigners in Foreign Countries Other Than 

the Host Country, Country of Affiliate by Country of Destination.................. ✔

13. Sales of Goods by Affiliates, Country of Affiliate by Destination ..................... ✔

14. Sales of Goods by Affiliates, Industry of Affiliate by Destination ..................... ✔

15. Sales of Services by Affiliates, Country of Affiliate by Destination .................. ✔

16. Sales of Services by Affiliates, Industry of Affiliate by Destination.................. ✔

17. Sales of Services by Affiliates, Country of Affiliate by Industry of Affiliate ...... ✔

18. Sales of Services by Affiliates, Industry of Affiliate by Country of Affiliate ...... ✔

19. Sales of Services by Affiliates to Foreigners, Country of Affiliate by

Industry of Affiliate........................................................................................ ✔

20. Sales of Services by Affiliates to Foreigners, Industry of Affiliate by

Country of Affiliate ........................................................................................ ✔

21. Sales by Affiliates, Industry of U.S. Parent by Type of Sale and Destination .. ✔

22. Sales by Affiliates, Industry of Affiliate by Industry of Sales............................ ✔

G. Gross Product

1. Gross Product of Affiliates, Country by Component.......................................... ✔

2. Gross Product of Affiliates, Industry by Component.......................................... ✔

3. Gross Product of Affiliates, Country by Industry................................................ ✔

4. Gross Product of Affiliates, Industry by Country................................................ ✔

5. Gross Product of Affiliates, Industry of U.S. Parent by Component .................. ✔

6. Gross Product of Affiliates, Industry of U.S. Parent by Country ........................ ✔

7. Profit-Type Return of Affiliates, Country by Industry.......................................... ✔

8. Profit-Type Return of Affiliates, Industry by Country.......................................... ✔

9. Profit-Type Return of Affiliates, Industry of Parent by Country .......................... ✔

H. Employment and compensation of employees

1. Employment and Compensation of Employees of Affiliates, Country

by Type ......................................................................................................... ✔

2. Employment and Compensation of Employees of Affiliates, Industry

by Type ......................................................................................................... ✔

3. Employment of Affiliates, Country by Industry................................................. ✔ ✔ ✔

4. Employment of Affiliates, Industry by Country................................................. ✔ ✔

5. Compensation of Employees of Affiliates, Country by Industry....................... ✔ ✔ ✔

6. Compensation of Employees of Affiliates, Industry by Country....................... ✔ ✔

7. Wages and Salaries of Employees of Affiliates, Country by Industry.............. ✔

8. Supplements to Wages and Salaries of Employees of Affiliates, Country

by Industry.................................................................................................... ✔

9. Employment and Compensation of Employees of Affiliates, Industry

of U.S. Parent by Type.................................................................................. ✔

10. Employment of Affiliates, Industry of U.S. Parent by Country ......................... ✔ ✔

Organization of Tables

Organization of Tables continues.
USDIA: 1999 Benchmark Survey Presentation of the Data M–33

Group I Group II Group III Group IV Group V

All

affiliates 

of all U.S. 

parents

Nonbank 

affiliates of 

nonbank 

U.S. parents

Majorityowned 

nonbank 

affiliates of 

nonbank 

U.S. parents

Nonbank 

affiliates of 

U.S. parents in

banking

Bank

affiliates of 

all U.S. 

parents

11. Employment, Compensation, and Hours Worked of Production Workers

of Manufacturing Affiliates, by Country ........................................................ ✔

12. Employment, Compensation, and Hours Worked of Production Workers

of Manufacturing Affiliates, by Industry........................................................ ✔

13. Production Workers of Manufacturing Affiliates, Country by Industry ............ ✔

14. Compensation of Production Workers of Manufacturing Affiliates,

Country by Industry ..................................................................................... ✔

15. Compensation Per Hour of Production Workers of Manufacturing Affiliates, 

Country by Industry ..................................................................................... ✔

16. Compensation Per Hour of Production Workers of Manufacturing Affiliates, 

Industry by Country ..................................................................................... ✔

17. Employment, Compensation, and Hours Worked of Production Workers

of Manufacturing Affiliates, by Industry of U.S. Parent................................. ✔

18. Compensation Per Hour of Production Workers of Manufacturing Affiliates, 

Industry of U.S. Parent by Country .............................................................. ✔

I. U.S. trade in goods

1. U.S. Trade in Goods With Affiliates, by Country of Affiliate............................. ✔ ✔

2. U.S. Trade in Goods With Affiliates, by Industry of Affiliate ............................ ✔ ✔

3. U.S. Exports of Goods Shipped to Affiliates, Country of Affiliate by Product.. ✔

4. U.S. Exports of Goods Shipped to Affiliates, Industry of Affiliate by Product . ✔

5. U.S. Exports of Goods Shipped to Affiliates, Country of Affiliate by

Industry of Affiliate ....................................................................................... ✔ ✔

6. U.S. Exports of Goods Shipped to Affiliates, Industry of Affiliate by

Country of Affiliate ....................................................................................... ✔ ✔

7. U.S. Exports of Goods Shipped to Affiliates by U.S. Parents, Country of 

Affiliate by Product ....................................................................................... ✔

8. U.S. Exports of Goods Shipped to Affiliates by U.S. Parents, Industry of 

Affiliate by Product ....................................................................................... ✔

9. U.S. Exports of Goods Shipped to Affiliates by U.S. Parents, Country of 

Affiliate by Industry of Affiliate...................................................................... ✔

10. U.S. Exports of Goods Shipped to Affiliates by U.S. Parents, Industry of

U.S. Parent by Product ................................................................................ ✔

11. U.S. Exports of Goods Shipped to Affiliates by Unaffiliated U.S. Persons, 

Country of Affiliate by Product ..................................................................... ✔

12. U.S. Exports of Goods Shipped to Affiliates, Country of Affiliate by Whom 

Shipped and Intended Use .......................................................................... ✔

13. U.S. Exports of Goods Shipped to Affiliates, Industry of Affiliate by Whom 

Shipped and Intended Use .......................................................................... ✔

14. U.S. Exports of Goods Shipped to Affiliates for Resale Without Further 

Manufacture, Country of Affiliate by Industry of Affiliate .............................. ✔

15. U.S. Exports of Goods Shipped to Affiliates for Further Manufacture,

Country of Affiliate by Industry of Affiliate.................................................... ✔

16. U.S. Exports of Goods Shipped to Affiliates by U.S. Parents, Industry of

U.S. Parent by Intended Use ....................................................................... ✔

17. U.S. Imports of Goods Shipped by Affiliates, Country of Affiliate

by Product.................................................................................................... ✔

Organization of Tables

Organization of Tables continues.
M–34 Presentation of the Data USDIA: 1999 Benchmark Survey

Group I Group II Group III Group IV Group V

All

affiliates 

of all U.S. 

parents

Nonbank 

affiliates of 

nonbank 

U.S. parents

Majorityowned 

nonbank 

affiliates of 

nonbank 

U.S. parents

Nonbank 

affiliates of 

U.S. parents in

banking

Bank

affiliates of 

all U.S. 

parents

18. U.S. Imports of Goods Shipped by Affiliates, Industry of Affiliate

by Product .................................................................................................... ✔

19. U.S. Imports of Goods Shipped by Affiliates, Country of Affiliate

by Industry of Affiliate ................................................................................... ✔ ✔

20. U.S. Imports of Goods Shipped by Affiliates, Industry of Affiliate by

Country of Affiliate ........................................................................................ ✔ ✔

21. U.S. Imports of Goods Shipped by Affiliates to U.S. Parents, Country of 

Affiliate by Product........................................................................................ ✔

22. U.S. Imports of Goods Shipped by Affiliates to U.S. Parents, Industry of 

Affiliate by Product........................................................................................ ✔

23. U.S. Imports of Goods Shipped by Affiliates to U.S. Parents, Country of 

Affiliate by Industry of Affiliate ...................................................................... ✔

24. U.S. Imports of Goods Shipped by Affiliates to U.S. Parents, Industry 

of U.S. Parent by Product ............................................................................. ✔

25. U.S. Imports of Goods Shipped by Affiliates to Unaffiliated U.S. Persons, 

Country of Affiliate by Product...................................................................... ✔

J. Technology

1. Research and Development Performed by and Funded by Affiliates, by 

Country ......................................................................................................... ✔

2. Research and Development Performed by and Funded by Affiliates, by 

Industry ......................................................................................................... ✔

3. Research and Development Performed by Affiliates, Country by Industry...... ✔

4. Research and Development Performed by Affiliates, Industry by Country...... ✔

5. Research and Development Performed by and Funded by Affiliates, by 

Industry of U.S. Parent.................................................................................. ✔

6. Research and Development Performed by Affiliates, Industry of U.S.

Parent by Country......................................................................................... ✔

7. Royalties and License Fees of Affiliates, Receipts and Payments,

Country by Transactor .................................................................................. ✔

8. Royalties and License Fees of Affiliates, Receipts and Payments, Industry

by Transactor ................................................................................................ ✔

9. Receipts of Royalties and License Fees by Affiliates, Country by Industry ..... ✔

10. Royalties and License Fees of Affiliates, Receipts and Payments, Industry

of U.S. Parent by Transactor......................................................................... ✔

K. Other financial and operating data

1. Interest, Production Royalty Payments, Taxes Other Than Income and

Payroll Taxes, and Subsidies of Affiliates, by Country .................................. ✔

2. Interest, Production Royalty Payments, Taxes Other Than Income and

Payroll Taxes, and Subsidies of Affiliates, by Industry.................................. ✔

3. Taxes Other Than Income and Payroll Taxes, Country by Industry ................... ✔

L. Selected Data Classified by SIC–Based Industry

1. Selected Data for Foreign Affiliates, by SIC-Based Industry of Affiliate ............ ✔ ✔

2. Total Assets of Affiliates, Country by SIC-Based Industry of Affiliate ................ ✔

3. Sales by Affiliates, Country by SIC-Based Industry of Affiliate.......................... ✔

4. Gross Product of Affiliates, Country by SIC-Based Industry of Affiliate ............ ✔

5. Employment of Affiliates, Country by SIC-Based Industry of Affiliate................ ✔

6. Selected Data for Foreign Affiliates, by SIC-Based Industry of U.S. Parent...... ✔

Organization of Tables

Organization of Tables continues.
USDIA: 1999 Benchmark Survey Presentation of the Data M–35

Group I Group II Group III Group IV Group V

All

affiliates 

of all U.S. 

parents

Nonbank 

affiliates of 

nonbank 

U.S. parents

Majorityowned 

nonbank 

affiliates of 

nonbank 

U.S. parents

Nonbank 

affiliates of 

U.S. parents in

banking

Bank

affiliates of 

all U.S. 

parents

U.S. parent financial and operating data

M. Selected data

1. Selected Financial and Operating Data of U.S. Parents, by Industry

of U.S. Parent .............................................................................................. ✔ ✔ ✔

2. Number of U.S. Parents That Had Affiliates in a Given Country and 

Industry, Country by Industry of Affiliate ...................................................... ✔

N. Balance sheet

1. Balance Sheet of U.S. Parents––Assets, Industry of U.S. Parent by Account.. ✔

2. Balance Sheet of U.S. Parents––Liabilities and Owners’ Equity, Industry

of U.S. Parent by Account............................................................................ ✔

3. External Financial Position of U.S. Parents––Assets and Liabilities by

Major Industry of Parent .............................................................................. ✔

O. Property, plant, and equipment

1. Change in Property, Plant, and Equipment of U.S. Parents, Industry of U.S. 

Parent by Account........................................................................................ ✔

2. Capital Expenditures by U.S. Parents, Industry of U.S. Parent by Account...... ✔

P. Income statement

1. Income Statement of U.S. Parents, Industry of U.S. Parent by Account........... ✔

Q. Sales

1. Sales by U.S. Parents, Industry of U.S. Parent by Type and Destination.......... ✔

2. Sales by U.S. Parents, Industry of U.S. Parent by Industry of Sales ................ ✔

R. Gross Product

1. Gross Product of U.S. Parents, Industry of U.S. Parent by Component ........... ✔

S. Employment and compensation of employees

1. Employment and Compensation of Employees of U.S. Parents, Industry of 

U.S. Parent by Type ..................................................................................... ✔

2. Employment of U.S. Parents, Industry of U.S. Parent by Industry of Sales ...... ✔

T. U.S. trade in goods

1. U.S. Exports of Goods Associated With U.S. Parents and Their Foreign 

Affiliates, by Industry of U.S. Parent ............................................................ ✔

2. U.S. Exports of Goods Associated With U.S. Parents and Their Foreign 

Affiliates, by Country of Destination............................................................. ✔

3. U.S. Exports of Goods Shipped by U.S. Parents to Foreigners Other Than 

Foreign Affiliates, Industry of U.S. Parent by Product.................................. ✔

4. U.S. Imports of Goods Associated With U.S. Parents and Their Foreign 

Affiliates, by Industry of U.S. Parent ............................................................ ✔

5. U.S. Imports of Goods Associated With U.S. Parents and Their Foreign 

Affiliates, by Country of Origin ..................................................................... ✔

6. U.S. Imports of Goods Shipped to U.S. Parents by Foreigners Other Than 

Foreign Affiliates, Industry of U.S. Parent by Product.................................. ✔

U. Technology

1. Research and Development Performed by and Funded by U.S. Parents, by 

Industry of U.S. Parent................................................................................. ✔

2. Royalties and License Fees of U.S. Parents, Receipts and Payments, by 

Industry of U.S. Parent................................................................................. ✔

Organization of Tables

Organization of Tables continues.
M–36 Presentation of the Data USDIA: 1999 Benchmark Survey

Group I Group II Group III Group IV Group V

All

affiliates 

of all U.S. 

parents

Nonbank 

affiliates of 

nonbank 

U.S. parents

Majorityowned 

nonbank 

affiliates of 

nonbank 

U.S. parents

Nonbank 

affiliates of 

U.S. parents in

banking

Bank

affiliates of 

all U.S. 

parents

V. Other financial and operating data

1. Interest, Production Royalty Payments, and Taxes Other Than Income and 

Payroll Taxes of U.S. Parents, by Industry of U.S. Parent............................. ✔

W. Selected Data Classified by SIC-Based Industry

1. Selected Financial and Operating Data of U.S. Parents, by SIC–based 

Industry of U.S. Parent ................................................................................. ✔

Direct investment position and balance of payments data

X. U.S. direct investment position abroad

1. U.S. Direct Investment Position Abroad on a Historical-Cost Basis, 

Country by Account ...................................................................................... ✔ ✔ ✔

2. U.S. Direct Investment Position Abroad on a Historical-Cost Basis, 

Country by Industry ...................................................................................... ✔

3. U.S. Direct Investment Position Abroad on a Historical-Cost Basis,

Industry of U.S. Parent by Account............................................................... ✔

Y. Change in the position on a historical-cost basis and

direct investment capital outflows

1. Change in the U.S. Direct Investment Position Abroad on a Historical-Cost 

Basis, Country by Account ........................................................................... ✔ ✔ ✔

2. Direct Investment Capital Outflows, Country by Industry .................................. ✔

Z. Direct investment income

1. Direct Investment Income, Country by Component........................................... ✔ ✔ ✔

2. Direct Investment Income, Country by Industry................................................. ✔

3. Direct Investment Income, Industry of U.S. Parent by Component.................... ✔

AA. Direct investment royalties and license fees and other direct investment 

services

1. Direct Investment Royalties and License Fees, Receipts and Payments

by U.S. Parents, by Country ......................................................................... ✔ ✔ ✔

2. Receipts of Direct Investment Royalties and License Fees by U.S. Parents, 

Country by Industry ...................................................................................... ✔

3. Other Direct Investment Services, Receipts and Payments by

U.S. Parents, Country by Type...................................................................... ✔ ✔ ✔

4. Receipts for Other Direct Investment Services by U.S. Parents, 

Country by Industry ...................................................................................... ✔

5. Payments for Other Direct Investment Services by U.S. Parents, 

Country by Industry ...................................................................................... ✔

6. Direct Investment Service Charges, Receipts and Payments by U.S. 

Parents, Major Area and Major Industry by Type.......................................... ✔

Organization of Tables

NOTE. The numbers of the pages on which these tables appear are given on pp. vi–xiii.
USDIA: 1999 Benchmark Survey Presentation of the Data M–37

Table 8. The Numbering Scheme for the Financial and Operating Data Tables for Nonbank U.S. Parents 

and Their Nonbank Foreign Affiliates in 1977 and in 1982–99

Nonbank Foreign Affiliates of Nonbank U.S. Parents

Group A. Selected Data

1999 1995–98 1994 1990–93 1989 1983–88 1982 1977

II.A 1 II.A 1 II.A 1 II.A 1 II.A 1 1 n.a. n.a.

II.A 2 II.A 2 II.A 2 II.A 2 II.A 2 2 n.a. n.a.

Group B. Balance Sheet

1999 1995–98 1994 1990–93 1989 1983–88 1982 1977

II.B 1–II.B 2 n.a. II.B 1–II.B 2 n.a. II.B 1–II.B 2 n.a. II.A 1–II.A 2 II.A 1–II.A 2

II.B 5 II.B 5 II.B 5 II.B 5 II.B 5 3 II.A 5 II.A 5

II.B 6 II.B 6 II.B 6 II.B 6 II.B 6 4 II.A 6 II.A 6

II.B 7–II.B 8 n.a. II.B 7–II.B 8 n.a. II.B 7–II.B 8 n.a. II.A 7–II.A 8 II.A 11–II.A 12

II.B 13 II.B 13 II.B 13 II.B 15 II.B 15 5 II.A 15 II.A 22

Group D. Property, Plant, and Equipment

1999 1995–98 1994 1990–93 1989 1983–88 1982 1977

II.D 6–II.D 7 n.a. II.D 6–II.D 7 n.a. II.D 6–II.D 7 n.a. II.C 6–II.C 7 II.D 3–II.D 4

Group E. Income Statement

1999 1995–98 1994 1990–93 1989 1983–88 1982 1977

II.E 1 n.a. II.E 1 n.a. II.E 1 n.a. II.D 1 II.F 1

II.E 3 II.E 3 II.E 3 II.E 3 II.E 3 6 II.D 3 II.F 5

II.E 4 II.E 4 II.E 4 II.E 4 II.E 4 7 II.D 4 II.F 6

II.E 6 II.E 6 II.E 6 II.E 6 II.E 6 8 II.D 6 II.F 10

II.E 7 II.E 7 II.E 7 II.E 7 II.E 7 9 II.D 7 II.F 11

II.E 9 II.E 9 II.E 9 II.E 9 II.E 9 10 II.D 9 II.F 13

Group H. Employment and Compensation of Employees

1999 1995–98 1994 1990–93 1989 1983–88 1982 1977

II.H 3 II.H 3 II.H 3 II.G 3 II.G 3 11 II.F 3 II.G 3

II.H 4 II.H 4 II.H 4 II.G 4 II.G 4 12 II.F 4 II.G 4

II.H 5 II.H 6 II.H 6 II.G 6 II.G 6 13 II.F 6 II.G 6

II.H 6 II.H 7 II.H 7 II.G 7 II.G 7 14 II.F 7 II.G 7

II.H 10 II.H 11 II.H 11 II.G 11 II.G 11 15 II.F 11 II.G 11

Group I. U.S. Trade in Goods

1999 1995–98 1994 1990–93 1989 1983–88 1982 1977

II.I 1–II.I 2 n.a. II.I 1–II.I 2 n.a. II.H 1–II.H 2 n.a. n.a. n.a.

II.I 5 II.I 5 II.I 5 II.H 5 II.H 5 16 II.G 3 II.I 3

II.I 6 II.I 6 II.I 6 II.H 6 II.H 6 17 II.G 4 II.I 4

II.I 19 II.I 19 II.I 19 II.H 22 II.H 22 18 II.G 20 II.I 19

II.I 20 II.I 20 II.I 20 II.H 23 II.H 23 19 II.G 21 II.I 20

Group L. Selected Data Classified by SIC-Based Industry

1999 1995–98 1994 1990–93 1989 1983–88 1982 1977

II.L 1 n.a. n.a. n.a. n.a. n.a. n.a. n.a.

Nonbank U.S. Parents

Group M. Selected Data

1999 1995–98 1994 1990–93 1989 1983–88 1982 1977

II.M 1 II.L 1 II.L 1 II.K 1 II.K 1 54 n.a. n.a.

Group N. Balance Sheet

1999 1995–98 1994 1990–93 1989 1983–88 1982 1977

II.N 1–II.N 2 n.a. II.M 1–II.M 2 n.a. II.L 1–II.L 2 n.a. II.K1–II.K 2 II.N1–II.N 2

II.N 3 n.a. n.a. n.a. n.a. n.a. n.a. n.a.

Group O. Property, Plant, and Equipment

1999 1995–98 1994 1990–93 1989 1983–88 1982 1977

II.O 1–II.O 2 n.a. II.O 1–II.O 2 n.a. II.M 1–II.M 2 n.a. II.L1–II.L 2 II.P 1
M–38 Presentation of the Data USDIA: 1999 Benchmark Survey

Table 8. The Numbering Scheme for the Financial and Operating Data Tables for Nonbank U.S. Parents 

and Their Nonbank Foreign Affiliates in 1977 and in 1982–99—Continued

Nonbank U.S. Parents

Group P. Income Statement

1999 1995–98 1994 1990–93 1989 1983–88 1982 1977

II.P 1 n.a. II.P 1 n.a. II.N 1 n.a. II.M1 II.R 1

Group Q. Sales

1999 1995–98 1994 1990–93 1989 1983–88 1982 1977

II.Q 1 II.Q 1 II.Q 1 II.O 1 II.O 1 55 II.N 1 n.a.

II.Q 2 II.Q 2 II.Q 2 II.O 2 II.O 2 56 II.N 2 n.a.

Group R. Gross Product

1999 1995–98 1994 1990–93 1989 1983–88 1982 1977

II.R 1 II.R 1 II.R 1 n.a. ( 1

) n.a. (1) (

1)

Group S. Employment and Compensation of Employees

1999 1995–98 1994 1990–93 1989 1983–88 1982 1977

II.S 1 n.a. II.S 1 n.a. II.P 1 n.a. II.O 1 II.S 1

II.S 2 n.a. II.S 2 n.a. II.P 2 n.a. II.O 2 n.a.

Group T. U.S. Trade in Goods

1999 1995–98 1994 1990–93 1989 1983–88 1982 1977

II.T 1 II.T 1 II.T 1 II.Q 1 II.Q 1 57 II.P 1 II.T 1

II.T 2–II.T 3 n.a. II.T 2–II.T 3 n.a. II.Q 2–II.Q 3 n.a. II.P 2–II.P 3 II.T 2–II.T 3

II.T 4 II.T 4 II.T 4 II.Q 4 II.Q 4 58 II.P 4 II.T 4

II.T 5–II.T 6 n.a. II.T 5–II.T 6 n.a. II.Q 5–II.Q 6 n.a. II.P 5–II.P 6 II.T 5–II.T 6

Group U. Technology

1999 1995–98 1994 1990–93 1989 1983–88 1982 1977

II.U 1–II.U 2 n.a. II.U 1–II.U 2 n.a. II.R 1–II. R 2 n.a. II.R 1–II. R 2 II.U 1

Group V. Other Financial and Operating Data

1999 1995–98 1994 1990–93 1989 1983–88 1982 1977

II.V 1 n.a. II.V 1 n.a. II.S 1 n.a. n.a. n.a.

Group W. Other Data Classified by SIC-Based Industry

1999 1995–98 1994 1990–93 1989 1983–88 1982 1977

II.W 1 n.a. n.a. n.a. n.a. n.a. n.a. n.a.

Majority-Owned Nonbank Affiliates of Nonbank U.S. Parents

Group A. Selected Data

1999 1995–98 1994 1990–93 1989 1983–88 1982 1977

III.A 1 III.A 1 III.A 1 III.A 1 III.A 1 n.a. n.a. n.a.

III.A 2 III.A 2 III.A 2 III.A 2 III.A 2 n.a. n.a. n.a.

Group B. Balance Sheet

1999 1995–98 1994 1990–93 1989 1983–88 1982 1977

III.B 1–III.B 2 III.B 1–III.B 2 III.B 1–III.B 2 III.B 1– III.B 2 III.B 1– III.B 2 20 III.A1–III.A2 III.A 1–III.A 2

III.B 3–III.B 4 III.B 3–III.B 4 III.B 3–III.B 4 III.B 3–III.B 4 III.B 3–III.B 4 21 III.A3– III.A4 III.A 3– III.A 4

III.B 5 III.B 5 III.B 5 III.B 5 III.B 5 22 III.A 5 III.A 5

III.B 6 III.B 6 III.B 6 III.B 6 III.B 6 23 III.A 6 III.A 6

III.B 7 III.B 7 III.B 7 III.B 7 III.B 7 24 III.A 7 III.A 11

III.B 8 n.a. III.B 8 n.a. III.B 8 n.a. III.A 8 III.A 12

III. B 9–III.B 10 n.a. III. B 9–III.B 10 n.a. III.B 11– III.B 12 n.a. III.A 11–III.A 12 III.A 18–III.A 19

III.B 11– III.B 12 III.B 11– III.B 12 III.B 11– III.B 12 III.B 13– III.B 14 III.B 13– III.B 14 25 III.A 13–III.A 14 III.A 20–III.A 21

III.B 13 III.B 13 III.B 13 III.B 15 III.B 15 n.a. III.A 15 III.A 22

Group C. External Financial Position

1999 1995–98 1994 1990–93 1989 1983–88 1982 1977

III.C 1 III.C 1 III.C 1–III.C 9 III.C 1 III.C 1 26 III.B 1 III.B 1–III.B 7

III.C 2 n.a. n.a. n.a. n.a. n.a. n.a. n.a.

III.C 3 n.a. III.C 10 n.a. III.C 2 n.a. III.B 2 III.B 8

III.C 4 n.a. n.a. n.a. n.a. n.a. n.a. n.a.
USDIA: 1999 Benchmark Survey Presentation of the Data M–39

Table 8. The Numbering Scheme for the Financial and Operating Data Tables for Nonbank U.S. Parents 

and Their Nonbank Foreign Affiliates in 1977 and in 1982–99—Continued

Majority-Owned Nonbank Affiliates of Nonbank U.S. Parents

Group D. Property, Plant, and Equipment

1999 1995–98 1994 1990–93 1989 1983–88 1982 1977

III.D 1–III.D 3 n.a. III.D 1– III.D 3 n.a. III.D 1– III.D 3 n.a. n.a. n.a.

III.D 4–III.D 5 n.a. III.D 4– III.D 5 n.a. III.D 4– III.D 5 n.a. III.C 4–III.C 5 n.a.

III.D 6– III.D 7 III.D 6– III.D 7 III.D 6– III.D 7 n.a. III.D 6– III.D 7 n.a. III.C 6–III.C 7 III.D 3–III.D 4

III.D 8 III.D 8 III.D 8 n.a. n.a. n.a. n.a. n.a.

Group E. Income Statement

1999 1995–98 1994 1990–93 1989 1983–88 1982 1977

III.E 1 III.E 1 III.E 1 III.E 1 III.E 1 27 III.D 1 III.F 1

III.E 2 III.E 2 III.E 2 III.E 2 III.E 2 28 III.D 2 III.F 2

III.E 3 III.E 3 III.E 3 III.E 3 III.E 3 29 III.D 3 III.F 5

III.E 4 III.E 4 III.E 4 III.E 4 III.E 4 30 III.D 4 III.F 6

III.E 5 III.E 5 III.E 5 III.E 5 III.E 5 n.a. III.D 5 III.F 9

III.E 6 III.E 6 III.E 6 III.E 6 III.E 6 31 III.D 6 III.F 10

III.E 7 III.E 7 III.E 7 III.E 7 III.E 7 32 III.D 7 III.F 11

III.E 8 III.E 8 III.E 8 III.E 8 III.E 8 33 III.D 8 III.F12

III.E 9 III.E 9 III.E 9 III.E 9 III.E 9 n.a. III.D 9 III.F 13

Group F. Sales

1999 1995–98 1994 1990–93 1989 1983–88 1982 1977

III.F 1 III.F 1 III.F 1 III.F 1 III.F 1 n.a. n.a. n.a.

III.F 2 III.F 2 III.F 2 III.F 2 III.F 2 34 III.E 1 n.a.

III.F 3 III.F 3 III.F 3 III.F 3 III.F 3 35 III.E 2 n.a.

III.F 4 III.F 4 III.F 4 III.F 4 III.F 4 37 III.E 4 n.a.

III.F 5–III.F 6 n.a. III.F 5–III.F 6 n.a. III.F 5–III.F 6 n.a. n.a. n.a.

III.F 7 III.F 7 III.F 7 III.F 7 III.F 7 36 III.E 3 n.a.

III.F 8 III.F 8 III.F 8 III.F 8 III.F 8 38 III.E 5 n.a.

III.F 9 III.F 9 III.F 9 III.F 9 III.F 9 n.a. III.E 6 n.a.

III.F 10–III.F 12 n.a. III.F 10–III.F 12 n.a. III.F 10–III.F 12 n.a. III.E 7–III.F 9 n.a.

III.F 13 III.F 13 III.F 13 III.F 13 III.F 13 39 n.a. n.a.

III.F 14 III.F 14 III.F 14 III.F 14 III.F 14 40 n.a. n.a.

III.F 15 III.F 17 III.F 17 III.F 17 III.F 17 41 n.a. n.a.

III.F 16 III.F 18 III.F 18 III.F 18 III.F 18 42 n.a. n.a.

III.F 17 n.a. III.F 19 n.a. III.F 19 n.a. III.E 14 n.a.

III.F 18 III.F 20 III.F 20 III.F 20 III.F 20 44 III.E 15 n.a.

III.F 19 n.a. III.F 21 n.a. III.F 21 n.a. n.a. n.a.

III.F 20 III.F 22 III.F 22 III.F 22 III.F 22 n.a. n.a. n.a.

III.F 21 n.a. III.F 23 n.a. III.F 23 n.a. n.a. n.a.

III.F 22 III.F 24 III.F 24 III.F 24 III.F 24 45 III.E 17 n.a.

Group G. Gross Product

1999 1995–98 1994 1990–93 1989 1983–88 1982 1977

III.G 1–III.G 9 III.G 1–III.G 9 III.G 1–III.G 9 (2) (

2

) (

2) (2

) (

2)

Group H. Employment and Compensation of Employees

1999 1995–98 1994 1990–93 1989 1983–88 1982 1977

III.H 1–III.H 2 n.a. III.H 1–III.H 2 n.a. III.G 1–III.G 2 n.a. III.F 1–III.F 2 III.G 1–III.G 2

III.H 3 III.H 3 III.H 3 III.G 3 III.G 3 46 III.F 3 III.G 3

III.H 4 III.H 4 III.H 4 III.G 4 III.G 4 47 III.F 4 III.G 4

III.H 5 III.H 6 III.H 6 III.G 6 III.G 6 48 III.F 6 III.G 6

III.H 6 III.H 7 III.H 7 III.G 7 III.G 7 49 III.F 7 III.G 7

III.H 7–III.H 9 n.a. III.H 8–III.H 10 n.a. III.G 8–III.G 10 n.a. III.F 8–III.F 10 III.G 8–III.G 10

III.H 10 III.H 11 III.H 11 III.G 11 III.G 11 n.a. III.F 11 III.G 11

III.H 11–III.H 18 n.a. III.H 13–III.H 20 n.a. III.G 13–III.G 16 n.a. III.F 13–III.F 17 III.G 15, III.G 21

Group I. U.S. Trade in Goods

1999 1995–98 1994 1990–93 1989 1983–88 1982 1977

III.I 1 III.I 1 III.I 1 III.H 1 III.H 1 50 n.a. n.a.

III.I 2 III.I 2 III.I 2 III.H 2 III.H 2 51 n.a. n.a.

III.I 3–III.I 4 n.a. III.I 3–III.I 4 n.a. III.H 3–III.H 4 n.a. III.G 1–III.G 2 III.I 1–III.I 2

III.I 5 III.I 5 III.I 5 III.H 5 III.H 5 52 III.G 3 III.I 3

III.I 6–III.I 8 n.a. III.I 6–III.I 8 n.a. III.H 6–III.H 8 n.a. III.G 4–III.G 6 III.I 4–III.I 6

III.I 9 III.I 9 III.I 9 III.H 9 III.H 9 n.a. III.G 7 III.I 7

III.I 10–III.I 11 n.a. III.I 10–III.I 11 n.a. III.H 10– III.H 11 n.a. III.G 8–III.G 9 III.I 8–III.I 9

III.I 12–III.I 13 n.a. III.I 12–III.I 13 n.a. III.H 14–III.H 15 n.a. III.G 12–III.G 13 III.I 12–III.I 13

III.I 14 n.a. III.I 14 n.a. III.H 17 n.a. III.G 15 III.I 15

III.I 15 n.a. III.I 15 n.a. III.H 18 n.a. III.G 16 n.a.
M–40 Presentation of the Data USDIA: 1999 Benchmark Survey

Table 8. The Numbering Scheme for the Financial and Operating Data Tables for Nonbank U.S. Parents 

and Their Nonbank Foreign Affiliates in 1977 and in 1982–99—Continued

Majority-Owned Nonbank Affiliates of Nonbank U.S. Parents

Group I. U.S. Trade in Goods—Continued

1999 1995–98 1994 1990–93 1989 1983–88 1982 1977

III.I 16 n.a. III.I 16 n.a. III.H 19 n.a. III.G 17 III.I 16

III.I 17–III.I 18 n.a. III.I 17–III.I 18 n.a. III.H 20–III.H 21 n.a. III.G 18–III.G 19 III.I 17–III.I 18

III.I 19 III.I 19 III.I 19 III.H 22 III.H 22 53 III.G 20 III.I 19

III.I 20–III.I 22 n.a. III.I 20–III.I 22 n.a. III.H 23–III.H 25 n.a. III.G 21–III.G 23 III.I 20–III.I 22

III.I 23 III.I 23 III.I 23 III.H 26 III.H 26 n.a. III.G 24 III.I 23

III.I 24–III.I 25 n.a. III.I 24–III.I 25 n.a. III.H 27–III.H 28 n.a. III.G 25–III.G 26 III.I 24–III.I 25

Group J. Technology

1999 1995–98 1994 1990–93 1989 1983–88 1982 1977

III.J 1–III.J 2 III.J 12 III.J 1–III.J 2 III.I 2–III. I 5 III.I 1–III.I 2 n.a. III.H 1–III.H 2 n.a.

III.J 3 III.J 3 III.J 3 III.I 3 III.I 3 n.a. III.H 3 III.J 7

III.J 4 n.a. III.J 4 n.a. III.I 4 n.a. III.H 4 III.J 8

III.J. 5 III.J 12 III.J. 5 III.I 2–III. I 5 III.I 5 n.a. n.a. n.a.

III.J 6–III.J 9 n.a. III.J 6–III.J 9 n.a. III.I 6–III.I 9 n.a. III.H 6–III.H 9 III.J 9–III.J 12

III.J 10 n.a. III.J 11 n.a. III. I 11 n.a. III.H 15 III.J 18

Group K. Other Financial and Operating Data

1999 1995–98 1994 1990–93 1989 1983–88 1982 1977

III.K 1–III.K 3 n.a. III.K 1–III.K 3 n.a. III.J 1–III.J 3 n.a. III.J 1–III.J 3 III.M 3–III.M 5

Group L. Selected Data Classified by SIC-Based Industry

1999 1995–98 1994 1990–93 1989 1983–88 1982 1977

III.L. 1–III.L 6 n.a. n.a. n.a. n.a. n.a. n.a. n.a.

n.a. Not available. 

1. Final gross product estimates for 1977, 1982, and 1989 are available in Raymond J. Mataloni, Jr. and Lee

Goldberg, “Gross Product of U.S. Multinational Companies, 1977–91,” SURVEY OF CURRENT BUSINESS (February

1994): 42–63. 

2. The final gross product estimates for 1977, 1982, 1989, and 1990 are available in Raymond J. Mataloni,

Jr. and Lee Goldberg, “Gross Product of U.S. Multinational Companies, 1977–91,” SURVEY (February 1994):

42–63. The final 1991 estimates appeared in Raymond J. Mataloni, Jr., “U.S. Multinational Companies: Operations in 1992,” SURVEY 74 (June 1994): 42–62. The final 1992 and preliminary 1993 estimates appeared in

Raymond J. Mataloni, Jr., “U.S. Multinational Companies: Operations in 1993,” SURVEY 75 (June 1995): 50–51.

The final gross product estimates for other years are available on request.
1

U.S. Direct Investment Abroad Tables

Final Results

From the

1999 Benchmark Survey
2

● The estimates are on a fiscal year (FY) basis; an

affiliate’s fiscal year is defined as the financial

reporting year that ended in that calendar

year. Unless otherwise specified, all balances

are as of the close of FY 1999.

● Detail may not add to totals because of rounding.

● An asterisk “(*)” indicates a value between

 and $500,000.

● A “(D)” indicates that the data in the cell have

been suppressed to avoid disclosure of data

of individual companies. For employment

data, a letter representing a size range is

entered in place of a “(D)”.

● The designation “by country” in a table title

indicates that data are disaggregated by

country of foreign affiliate.

● Unless otherwise specified, the designation

“by industry” in a table title indicates that the

data are disaggregated by industry of foreign

affiliate.

● For tables that only show industry groups, see

table II.A2 or III.A2 for the industries in the

–$500 000 ,

group. The industries shown in table II.A2

and in table III.A2 are described in BEA’s

Guide to Industry and Foreign Trade Classifications for International Surveys (see the

appendix).

● “Eastern Europe” comprises Albania, Armenia, Azerbaijan, Belarus, Bulgaria, Czech

Republic, Estonia, Georgia, Hungary, Kazakhstan, Kyrgyzstan, Latvia, Lithuania, Moldova, Poland, Romania, Russia, Slovakia,

Tajikistan, Turkmenistan, Ukraine, and

Uzbekistan.

● The European Union (15) comprises Austria,

Belgium, Denmark, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg,

the Netherlands, Portugal, Spain, Sweden,

and the United Kingdom.

● OPEC is the Organization of Petroleum Exporting Countries. Its members are Algeria,

Indonesia, Iran, Iraq, Kuwait, Libya, Nigeria,

Qatar, Saudi Arabia, the United Arab Emirates, and Venezuela.

See the footnotes to the tables on pages 255–264.

Notes to the Tables
265

Appendix

y y py y

statistical purposes and, without your written permission, cannot present the data in a man

that allows it to be individually identified.

The benchmark survey obtains universe data on the financial and operating characteristics 

on positions and transactions between, U.S. parent companies and their foreign affiliates. T

data will provide benchmarks for deriving current universe estimates of direct investment f

sample data BEA collects in surveys in nonbenchmark years. In particular, the data will serv

benchmarks for the quarterly direct investment estimates included in the U.S. international

transactions and national income and product accounts, and for annual estimates of the U.

direct investment position abroad and of the operations of U.S. parent companies and their

foreign affiliates.

Each U.S. business enterprise that, at any time during its 1999 fiscal year, owned or contro

direct or indirect interest of 10 percent or more in a foreign business enterprise must file th

survey. See this Instruction Booklet for reporting requirements and general instructions 

CFR, Part 806 for regulations. You must return the completed survey by May 31, 2000 if you 

fewer than 50 forms to file and by June 30, 2000 if you have 50 or more forms to file. If you

received this survey but are not required to report, you must complete a "Claim for Not Fili

BE-10" and return it to BEA within 30 days.

The Bureau is aware of the reporting burden that surveys such as this impose on responde

and it has endeavored to keep this burden to the minimum consistent with achieving the

objectives of the survey. The business community and the U.S. Government have a commo

interest in the availability of timely and reliable statistical information on the activities of U

multinational companies. If you need assistance, please do not hesitate to contact my staff 

(202) 606-5566.

Thank you for your cooperation.

Sincerely,

J. Steven Landefeld 

Director 

Bureau of Economic Analysis

The survey introduces the North American Industry Classification System (NAICS) as the ba

classifying enterprises reported in BEA’s surveys of U.S. direct investment abroad; in the p

classification was based on the U.S. Standard Industrial Classification system. Details of the

NAICS-based system are provided in the accompanying booklet, Guide to Industry and F

Trade Classification for International Surveys.
BE-10 Instructions (8/99)

1. Form BE-10A BANK – Report for a U.S. Reporter that is a bank

2. Form BE-10B BANK – Report for a foreign affiliate that is a bank 

a. Basic requirements

b. Other requirements for filing Form BE-10B BANK

C.

a. Basic requirements

b. Other requirements for filing Form BE-10A BANK

II. DEFINITIONS

III. CLARIFICATION OF COVERAGE

Determining existence of a foreign affiliate

U.S. Reporter owned by a foreign person

Partnerships

Determining country of residence or jurisdiction of individuals

Foreign affiliate operating completely outside its country of incorporation

Agencies and representative offices

Foreign affiliate owned for only part of FY 1999

Real estate

Airlines and ship operators

Estates, trusts, and intermediaries

IV. GENERAL INSTRUCTIONS

Accounting methods and records

Translation of foreign currency financial and operating data into U.S. dollars

Method of accounting for equity investments

Industry and export and import trade classifications

Estimates

Specify

Space on form insufficient

V. FILING THE BE-10

Due date

Extensions

Assistance

Number of copies

Additional copies of forms

Where to send the report

Confidentiality

Annual stockholders’ report and Form 10K

BE-10 Order Form

A.

B.

C.

D.

E.

F.

G.

H.

I.

J.

A.

B.

C.

D.

E.

F.

G.

A.

B.

C.

D.

E.

F.

G.

H.

Forms for U.S. Reporters and foreign affiliates that are banks or bank holding companies
BE-10 Instructions (8/99) 

parents;

4. Form BE-10B(SF) (Short Form) – Report for "small"

majority-owned nonbank foreign affiliates of nonbank

parents, nonbank foreign affiliates of bank parents, and

nonbank minority-owned foreign affiliates of nonbank

parents;

5. Form BE-10B BANK – Report for foreign affiliates that are

banks; and

For definitions of terms, see Section II of these instructions.

A. Who must report

1. Basic requirement – A BE-10 report is required of any

U.S. person that had a foreign affiliate – that is, that had

direct or indirect ownership or control of at least 10

percent of the voting stock of an incorporated foreign

business enterprise, or an equivalent interest in an

unincorporated foreign business enterprise – at any time

during the U.S. person’s 1999 fiscal year.

If the U.S. person had no foreign affiliates during its

1999 fiscal year, it must file a "BE-10 Claim for Not

Filing" within 30 days of receipt of this package; no

other forms in the survey are required. If the U.S. person

had any foreign affiliates during its 1999 fiscal year, a

BE-10 report is required and the U.S. person is a U.S.

Reporter in this survey. To determine which forms must

be filed, nonbank U.S. Reporters should see I.B. and U.S.

Reporters that are banks or bank holding companies

should see I.C.

2. Calculation of ownership percentage – A U.S.

Reporter’s ownership interest in a foreign business

enterprise may be directly held, indirectly held, or both.

It is directly held if the U.S. Reporter itself holds the

ownership interest in a foreign business enterprise. It is

indirectly held if, for example, the U.S. Reporter holds an

ownership interest in another foreign business enterprise

that, in turn, owns the given foreign business enterprise.

The Reporter must sum all direct and indirect lines of

ownership interest in the foreign business enterprise to

determine whether it holds a foreign business enterprise

to the extent of 10 percent or more, directly or indirectly.

Note – An associated group is deemed to be one U.S.

Reporter. See II.C for a definition of an associated group.

U.S. Reporter is a corporation, Form 

cover the fully consolidated U.S. do

enterprise. See I.B.I.b. for the defin

consolidated U.S. domestic busines

The nonbank U.S. Reporter must fi

Form BE-10A if any one of the follo

of the fully consolidated U.S. dome

enterprise was greater than $100 m

negative) at any time during the Re

year:

(1) total assets,

The nonbank U.S. Reporter must fi

BE-10A if no one of the three items 

the fully consolidated U.S. domest

enterprise was greater than $100 m

negative) at any time during the Re

year.

The nonbank U.S. Reporter, whethe

or partial BE-10A report, must also 

applicable, the BE-10A SUPPLEMEN

any, foreign affiliate exempt from b

Form BE-10B(LF), BE-10B(SF), or BE

must file a Form BE-10B(LF), BE-10

BANK, as appropriate, for each no

affiliate. See I.B.2 and I.C.2.

b. Definition of "fully consolidated 

business enterprise" – The fully c

domestic business enterprise is def

corporation whose voting securities 

more than 50 percent by another U

and 2. proceeding down each own

that U.S. corporation, any U.S. corp

Foreign Sales Corporations located 

States) whose voting securities are 

percent owned by the U.S. corpora

consolidation excludes foreign 

other foreign affiliates.

In rare instances, conditions may e

U.S. parent company to exclude a d

from its consolidation. If a U.S. Rep

consolidate all of its domestic subs

BE-10A, it must request and be g

from BEA to file on an unconsolida

filing the report. The U.S. parent is 

ensuring that the required Forms B

Forms BE-10B, for itself and any un

domestic subsidiaries, are filed wit

deadline for an unconsolidated dom

the same as that for its U.S. parent

6. BE-10 Claim for Not Filing.

(2) sales or gross operating revenues 

taxes, or

(3) net income after provision for fore

A U.S. Reporter’s percentage of indirect ownership interest

in a given foreign business enterprise is the product of the

direct ownership percentage that the U.S. Reporter has in

the first foreign business enterprise in the ownership chain,

multiplied by that first enterprise’s direct ownership

percentage in the second enterprise in the chain, multiplied

by the direct ownership percentages for all other

intervening enterprises in the ownership chain, multiplied

by the last intervening enterprise’s direct ownership

percentage in the given foreign business enterprise. To

illustrate, assume the U.S. Reporter owned 50 percent of
BE-10 Instructions (8/99) 

py 

individual, estate, trust, or nonprofit

organization – If a U.S. individual, estate, trust, or

nonprofit organization owns more than 50 percent

of a U.S. business enterprise that, in turn, owns a

foreign affiliate, then the U.S. Reporter is deemed

to be the U.S. business enterprise, not the

individual, etc. The BE-10 report must be filed by,

and Form BE-10A must be for, the U.S. business

enterprise not the individual, etc. However, direct

financial transactions or positions, if any, by the

individual, etc., with the foreign affiliate must be

included in the business enterprise’s report.

(4) U.S. Reporter owned by a foreign person – A 

U.S. Reporter that is a U.S. affiliate of a foreign 

person and that is filing a BE-15(LF), Annual Survey 

of Foreign Direct Investment in the United States –

1999 (Long Form), should only complete items 1

through 11, 47 through 53, 57 through 73, 85 

through 91, 93 through 187 and the Supplement A 

of Form BE-10A. If the U.S. Report is filing a 

BE-15(SF) (Short Form), in lieu of the BE-15(LF), it

should complete only items 1 through 12 and the

Supplement A of Form BE-10A. See also III.B.

(5) Joint ownership of foreign affiliate – If two or

more U.S. Reporters jointly own, directly or

indirectly, a foreign affiliate, each U.S. Reporter

must file a Form BE-10A.

2. Form BE-10B(LF) or (SF) – Report for nonbank foreign

affiliate

c. Other requirements for filing Fo

and BE-10B(SF) –

(1) Rules for consolidation of f

Use the following rules to dete

foreign business enterprises m

into one foreign affiliate report

(a) FOREIGN BUSINESS ENTE

IN DIFFERENT COUNTRIES 

UNDER ANY CIRCUMSTAN

CONSOLIDATED;

(b) Foreign business enterprise

same country that are integ

same business operation m

consolidated into one affili

(example: German enterpr

automobile engines and a 

are to German enterprise B 

complete automobiles); an

(c) Foreign business enterprise

same country and in the sa

industry, as defined in the 

and Foreign Trade Classific

International Surveys, Part 

consolidated.

Note – A U.S. Reporter wh

BEA’s BE-577 quarterly sur

investment abroad, Direct T

U.S. Reporter with Foreign 

consolidate foreign busine

Form BE- 10B(LF) or (SF) in 

as on Form BE-577.

Ownership

At least one of the

three items* is greater

than $100 mil. (+ or -).

MINORITY-OWNED

U.S. $ amount FOREIGN AFFILIATE

MAJORITY-OWNED

FOREIGN AFFILIATE

At least one of the

three items* is greater

than $50 mil. (+ or -),

but no one is greater

than $100 mil. (+ or -),

At least one of the

three items* is greater

than $7 mil. (+ or -),

but no one is greater

than $50 mil. (+ or -),

All three items* are

less than or equal to

$7 mil. (+ or -).

BE-10B(LF)

BE-10B(SF)

BE-10B(SF)

except

Part V

Record on BE-10A Supplement A

BE-10B(SF)

except

Part V

*

b. Basic requirements for BE10B(

A BE-10B(SF) must be filed for:

(1) each majority-owned nonbank f

nonbank U.S. Reporter, whethe

indirectly, for which any one of 

listed in I.2.a. was greater than 

which no one of these items w

$100 million (positive or negativ

during the affiliate’s 1999 fiscal 

(2) each minority-owned nonbank f

U.S. Reporter for which any on

items listed in I.2.a. was greater 

(positive or negative) at any tim

affiliate’s 1999 fiscal year, and

(3) each nonbank foreign affiliate o

Reporter for which any one of 

listed in I.2.a. was greater than 

or negative) at any time during 

fiscal year.

Total assets, sales or gross operating revenues

excluding sales taxes, net income
BE-10 Instructions (8/99) 

(3) Reporting when there is more than one

foreign affiliate in a chain of ownership – A

Form BE-10B(LF) or (SF) must be filed for a

foreign affiliate of the U.S. Reporter that owns

another nonexempt foreign affiliate of that U.S.

Reporter, even if the foreign affiliate parent is

otherwise exempt, i.e., a Form BE-10B(LF), (SF),

or BANK must be filed for all affiliates upward in

a chain of ownership.

(4) Relationship between Forms BE-10A and

BE-10B(LF) or (SF) – The term "U.S. Reporter" is

defined to mean the fully consolidated U.S.

domestic business enterprise; therefore, on Form

BE-10B(LF) or (SF), when data on trade and

financial relationships between the U.S. Reporter

and the foreign affiliate are requested, the data

must reflect the foreign affiliate’s relationship

with the entire U.S. enterprise, not merely with

one division, operating unit, or part.

(5) Reporting for majority- or minority-owned,

and for directly or indirectly owned, foreign

affiliates – The specific items required to be

reported on Form BE-10B(LF) or (SF) depend on

whether the foreign affiliate was majority- or

minority-owned, and on whether it was directly

or indirectly owned, by the U.S. Reporter. For

example, on the BE-10B(SF), Part V must be

completed only if the affiliate is majority-owned.

Similarly, more information is required for

directly owned than for indirectly owned foreign

affiliates in Part III of Form BE-10B(LF) and (SF).

Specifically, for an indirectly owned foreign

affiliate, only direct transactions and positions

between the affiliate and the U.S. Reporter are to

be reported in Part III of Form BE-10B(LF) or (SF).

consolidated business enterprise and the 

revenues from nonbanking activities of t

entity are more than 50 percent of its tot

the consolidated entity is deemed not to 

banking revenues make up the largest si

revenues. (Activities of subsidiaries of a 

holding company that may not be banks 

support to the bank parent company, suc

subsidiaries set up to hold the office buil

the bank parent company, are considered 

1. Form BE-10A BANK – Report for U.S

bank

a. Basic requirements – Each U.S. R

bank must complete a BE-10A BAN

bank Reporter must also complete, 

BE-10A BANK SUPPLEMENT A list

foreign affiliate exempt from being 

BE-10B BANK or BE-10B(SF). It mu

BE-10B BANK or BE-10B(SF), as ap

nonexempt foreign affiliate.

Note – For purposes of filing Form 

U.S. Reporter is deemed to be the 

U.S. domestic business enterprise, 

data on this form shall be for the fu

domestic entity. See I.B.1.b.

b. Other requirements for filing Fo

(1) Foreign affiliate owned by o

fully consolidated U.S. dome

enterprise – The U.S. Reporter 

the fully consolidated U.S. dom

enterprise even if only one enti

consolidated U.S. enterprise di

foreign affiliate.

(2) Joint ownership of foreign a

more U.S. Reporters jointly ow

indirectly, a foreign affiliate, ea

must file a Form BE-10A BANK

2. Form BE-10B BANK – Report for a fo

is a bank

a. Basic requirements – A BE-10B B

be filed for each foreign bank affilia

nonbank U.S. Reporter, whether he

indirectly, for which any one of the 

items was greater than $7 million (

negative) at any time during the fo

1999 fiscal year:

(1) total assets, 

See Note in I.B.2.a.

(2) sales or gross operating revenu

taxes, or

(3) net income after provision for f

taxes.

(SF).

Note – The U.S. Reporter filing a complete

BE-10B(LF) for a foreign affiliate owned by more

than one U.S. Reporter should note that, in Part

II, Sections B, E, and I, and in Part IV data must

be reported by transactor. For example, in Part II,

Section E, Composition of External Finances of

Foreign Affiliate, one transactor category is "with

U.S. Reporter(s) of this affiliate." If the U.S.

Reporter filing the complete BE-10B(LF) cannot,

or prefers not to, obtain from the affiliate data

about the other U.S. Reporter(s) of the affiliate,

then each U.S. Reporter is required to report its

own data by completing these sections in Parts II

and IV. The U.S. Reporter filing the complete

BE-10B(LF) must attach a note to the form stating

it is not reporting data in Part II, Sections B, E,

and I, and in Part IV for the other U.S. Reporter(s).

The U.S. Reporter must inform the other U.S.

Reporter(s) of this fact.
BE-10 Instructions (8/99) 

(c) Bank and nonbank enterprises located in the

same country may not be consolidated.

(2) Reporting of foreign bank affiliates owned by

more than one U.S. Reporter – If the foreign

bank affiliate is owned directly and/or indirectly by

more than one U.S. Reporter, the U.S. Reporter

with the highest percentage of ownership in the

foreign affiliate (direct and indirect combined)

must file a complete Form BE-10B BANK on

which all Parts have been completed. The other

U.S. Reporter(s) with total direct and indirect

ownership of 10 percent or more must file a

partial Form BE-10B BANK on which Part I, items

1-23, and Part III, if there is direct ownership or

direct financial positions or transactions between

the U.S. Reporter and foreign affiliate, have been

completed. If no one U.S. Reporter owns a greater

share of the foreign affiliate than the other U.S.

Reporters, then the U.S. Reporters must decide

which one will file the complete Form BE-10B

BANK and which one(s) will file a partial Form

BE-10B BANK.

(3) Reporting when there is more than one

foreign affiliate in a chain of ownership –

Form BE-10B BANK must be filed for a foreign

bank affiliate of the U.S. Reporter that owns

another nonexempt foreign affiliate of that U.S.

Reporter, even if the foreign affiliate parent is

otherwise exempt, i.e., a Form BE-10B(LF), (SF), or

BANK must be filed for all affiliates upward in a

chain of ownership. A Form BE-10B BANK is not

required for a foreign bank affiliate in which the

U.S. Reporter holds only an indirect ownership

interest of 50 percent or less and the foreign bank

affiliate does not own a reportable nonbank

foreign affiliate. However, the indirectly owned

bank affiliate must be listed on the BE-10A

SUPPLEMENT A or a BE-10A BANK SUPPLEMENT

A.

(4) Relationship between Forms BE-10A BANK

and BE-10B BANK – The term "U.S. Reporter" is

defined to mean the fully consolidated U.S.

domestic business enterprise; therefore, on Form

BE-10B BANK, when data on financial

relationships between the U.S. Reporter and the

foreign affiliate are requested, the data must

reflect the foreign affiliate’s relationship with the

entire U.S. enterprise, not merely with one

division, operating unit, or part.

(5) Banks on U.S. military bases abroad – Banks

located on U.S. military bases abroad servicing

base personnel are not considered "foreign" and a

Form BE-10B BANK should not be filed.

Associated group means two or more 

the appearance of their actions, by agree

understanding, exercise or appear to exe

privileges in a concerted manner to influ

management of a business enterprise. Th

deemed to be associated groups:

1. members of the same family,

Banking covers business enterprises en

banking or closely related functions, incl

banks, Edge Act corporations engaged in 

foreign banking, foreign branches and ag

banks whether or not they accept deposi

and loans, savings banks, and bank hold

holding companies for which over 50 per

income is from banks that they hold.

Branch means the operations or activitie

person in a different location in its own n

through an incorporated entity.

Business enterprise means any organi

branch, or venture which exists for profit 

or to otherwise secure economic advanta

ownership of any real estate.

H.

Foreign, when used in a geographic sen

which is situated outside the United Stat

belongs to or is characteristic of a countr

United States.

Foreign affiliate means an affiliate loca

United States in which a U.S. person has 

Foreign affiliate parent means a U.S. R

affiliate which has an ownership interest 

affiliate of the U.S. Reporter.

2. a business enterprise and one or more 

directors,

3. members of a syndicate or joint ventu

4. a corporation and its domestic subsid

Foreign person means any person resid

United States or subject to the jurisdictio

other than the United States. See III.D.

Fully consolidated U.S. domestic bus

means: 1. the U.S. corporation whose v

not owned more than 50 percent by anot

corporation, and 2. proceeding down eac

from that U.S. corporation, any U.S. corp

Foreign Sales Corporations located in the 

whose voting securities are more than 50 

the U.S. corporation above it. This conso

foreign branches and all other foreign aff

Intercompany means between a U.S. R

foreign affiliates.

I.

J.

K.

L.

E.

C.

D.

F.

G.
BE-10 Instructions (8/99) 

P.

Q.

R.

S.

T.

Person means any individual, branch, partnership,

associated group, association, estate, trust, corporation, or

other organization (whether or not organized under the

laws of any State), and any government (including a foreign

government, the United States Government, a State or local

government, and any agency, corporation, financial

institution, or other entity or instrumentality thereof,

including a government-sponsored agency).

U.S. direct investment abroad means the ownership or

control, directly or indirectly, by one U.S. person of 10

percent or more of the voting securities of an incorporated

foreign business enterprise or an equivalent interest in an

unincorporated foreign business enterprise, including a

branch.

U.S. Reporter means the U.S. person which has direct

investment in a foreign business enterprise, including a

branch. If the U.S. person is an incorporated business

enterprise, the U.S. Reporter is the fully consolidated U.S.

domestic business enterprise. See II.K.

U.S. person means any person resident in the United

States or subject to the jurisdiction of the United States.

See III.D. of these instructions.

United States, when used in a geographic sense, means

the several States, the District of Columbia, the

Commonwealth of Puerto Rico, and all territories and

possessions of the United States.

III. CLARIFICATION OF COVERAGE

Determining existence of a foreign affiliate – In

general, a U.S. person’s foreign operation or activity is

considered a foreign affiliate if it is legally or functionally

separable from the domestic operations or activities of the

U.S. person. In most cases, it is clear whether the foreign

operation or activity constitutes an affiliate. If an operation

or activity is incorporated abroad – as most are – it is

always considered a foreign affiliate. Even if it is

unincorporated, the foreign operation or activity is usually

legally or functionally separable from the U.S. person’s

domestic operations or activities. In cases where it is not

clearly separable, the determination of whether the

operations or activity constitutes a foreign affiliate is made

on a case-by-case basis, depending on the weight of the

evidence.

The following characteristics would indicate that an

operation or activity is a foreign affiliate:

1. It pays foreign income taxes.

2. It has a substantial physical presence abroad, as

evidenced by plant and equipment, or employees,

permanently located abroad.

permanently located abroad.

U.S. Reporter owned by a foreign pe

business enterprise that is a U.S. Reporte

survey may also be a U.S. affiliate of a fo

must report in the BE-15, Annual Survey 

Investment in the United States - 1999. T

case if the U.S. business enterprise owns 

and is also owned 10 percent or more, d

by a foreign person. In such cases, the U

enterprise should report in this survey fo

business enterprise it owns or controls, d

indirectly, at least 10 percent or more, bu

other property of its foreign owner. (A fo

enterprise that is jointly owned by the U.

foreign owner of the U.S. Reporter shoul

foreign affiliate of the U.S. Reporter if U.

10 percent or more ownership interest in 

of the BE-10 survey, consider the foreign 

Reporter and the directly and indirectly o

affiliates (other than those held through t

of the foreign owner, as unaffiliated fore

Partnerships – Limited partners do not 

partnership and therefore cannot have d

a partnership; their investment is conside

investment and is not reportable in this s

existence of direct investment in a partne

the country of residence of the general p

percentage control exercised by (which m

financial interest of) the general partner(s

1. Individuals who reside, or expect to re

their country of citizenship for less tha

considered to be residents of their cou

citizenship.

2. Individuals who reside, or expect to re

their country of citizenship for one yea

considered to be residents of the coun

are residing. There are two exceptions 

B.

C.

Determining country of residence or 

individuals – An individual is considered 

subject to the jurisdiction of, the country 

located, subject to the following qualifica

D.

A.

a. Individuals (and their immediate fam

own or are employed by a business 

citizenship and who are residing ou

for one year or more in order to co

the enterprise are considered reside

of citizenship if they intend to retur

reasonable period of time.

b. Individuals who reside outside thei

citizenship because they are govern

(such as diplomats, consular officia

armed forces, and their immediate 

considered residents of their count

regardless of their length of stay.
BE-10 Instructions (8/99) 

If a foreign affiliate incorporated abroad conducts its

operations from, and has locations in, more than one

foreign country, a separate Form BE-10B must be filed for

each foreign country in which it has operations, and a

separate Form BE-10B must be filed for the entity in the

foreign country of incorporation, treating the entity as an

incorporated foreign affiliate in that country.

If a foreign affiliate incorporated abroad conducts its

operations from, and is located in, the United States, a

Form BE-10B must be filed for the entity in the country of

incorporation, treating it as an incorporated foreign

affiliate in that country.

1. Established 0 X

2. Acquired from: 

(a) Another U.S. Reporter

(b) Foreign person

0 

0 X 0 

0 X

X 0

X 0

X0X

X 

X1 

01

3. Sold to: 

(a) Another U.S. Reporter

(b) Foreign person

4. Liquidated

A foreign affiliate that was acquired from (sold to) ano

during FY 1999 should be treated by the acquiring U.S

affiliate for all of FY 1999. The foreign affiliate’s financi

reported by the U.S. Reporter acquiring the affiliate sh

of FY 1999. The U.S. Reporter selling the foreign affilia

U.S. Reporter acquiring the affiliate with balance sheet 

data for the affiliate for the period from year end 1998 

The data should be combined with the data for the per

sale to year-end 1999.

A foreign affiliate that was established, liquidated, or a

foreign person during FY 1999 should be treated as a f

the part of the year that the U.S. Reporter owned the a

affiliate’s financial and operating data should cover the 

establishment or acquisition to year-end 1999, or the p

1998 to the time of the liquidation or sale, as appropria

Note – For Form BE-10B(SF), the foreign affiliate was l

foreign person, during FY 1999, complete Part IV.

1

2

F. Agencies and representative offices — Foreign

representative offices, agents and employees of a U.S.

person are not considered to be foreign affiliates, 

and therefore, they should not be reported on Form

BE-10B(LF) and BE-10B(SF). However, a U.S. Reporter’s

disbursements to maintain foreign sales and

representative offices must be reported on Form BE-22,

Annual Survey of Selected Services Transactions With

Unaffiliated Foreign Persons. Copies of Form BE-22 are

available by writing to BEA at: U.S. Department of

Commerce, Bureau of Economic Analysis, BE-50(SSB),

Washington, DC 20230, by telephoning (202) 606–5588 or

by accessing the BEA web site at www.bea.doc.gov. A

foreign presence of a U.S. person is considered a foreign

sales promotion or representative office if: 1. it has no

assets (other than office furniture) held either in its own

name or in the name of the U.S. person, 2. to the extent

that its employees are compensated by commissions, the

commissions arise only from sales or business that the

employees generate for the U.S. person, 3. it does not

produce revenue (other than funds from the U.S. person

to cover its expenses), and 4. it is engaged only in sales

promotion, representational activities, public relations

activities, or the gathering of market information, on

behalf of the U.S. person. A foreign presence that

produces revenue for its own account (instead of, or in

addition to, producing revenue for the account of its U.S.

parent) from goods or services it provides to unaffiliated

persons is considered a foreign affiliate and is subject to

the reporting requirements.
BE-10 Instructions (8/99) 

J.

I.

If a U.S. person has a direct or indirect voting ownership

interest of 10 percent or more in a joint venture,

partnership, etc., that is formed to own and hold, develop,

or operate real estate, the joint venture, partnership, etc., in

its entirety, not just the U.S. person’s share, is a foreign

affiliate and must be reported unless otherwise exempt.

Airlines and ship operators – U.S. airlines’ and ship

operators’ foreign stations, ticket offices, and terminal and

port facilities that provide services only to their own

operations are not foreign affiliates and are not subject to

the reporting requirements. Reports are required when such

facilities produce significant revenues from services

provided to unaffiliated persons.

Estates, trusts, and intermediaries

1. A U.S. estate is a person and, therefore, may have direct

investment; the estate, not the beneficiary, is considered

to be the U.S. Reporter. Thus, ownership of a foreign

affiliate by a U.S. estate shall be reported by the

administrator, executor, etc., of the estate and not by the

beneficiary.

2. A trust, either U.S. or foreign, is a person, but is not a

business enterprise. A trust is considered the same as an

intermediary thus report as outlined in III.J.3. below. For

reporting purposes, the beneficiary(ies) of a trust, or the

creator(s) of a trust (as detailed in the next sentence), or,

if there is, or may be, a reversionary interest, are

considered to be the owner(s) of the investments of the

trust for determining the existence of direct investment.

When a corporation or other organization creates a trust

designating its shareholders or members as

beneficiaries, the creating corporation or organization is

deemed to be the owner of the investments of the trust,

or succeeding trusts where the presently existing trust

has evolved out of a prior trust, for purposes of

determining the existence and reporting of direct

investment.

This procedure is adopted to fulfill statistical purposes of

this survey and does not imply that control over an

enterprise owned or controlled by a trust is, or can be,

exercised by the beneficiary(ies) or creator(s).

3. Intermediary

a. If a particular U.S. direct investment abroad is held,

exercised, administered, or managed by a U.S.

intermediary, such intermediary is responsible for

reporting the required information for, and in the

name of, its principal or shall instruct the principal to

submit the required information. Upon instructing the

principal, the intermediary shall be released from

further liability to report provided it has informed BEA

of the date such instructions were given and the name

and address of the principal, and has supplied the

principal with any information in the possession of, or

reports to stockholders, except where oth

Generate reports for unincorporated pers

equivalent basis.

Financial Accounting Standards Board st

referred to as "FASB" statements in the i

Translation of foreign currency finan

operating data into U.S. dollars

1. Financial statements – Translate for

financial statements, i.e., balance shee

statements, not maintained in U.S. do

country currency to U.S. dollars using 

be required to incorporate foreign stat

U.S. Reporter’s financial statements fo

shareholders.

2. Other financial and operating data 

affiliate – According to FASB 52, "Rev

transactions shall be translated in a m

produces approximately the same dol

would have resulted had the underlyin

been translated into dollars on the dat

Since separate translation of each tran

impracticable, the specific results can 

using an average rate for the period.

B.

Method of accounting for equity inve

1. Form BE-10A or 10A BANK – Repor

Reporter’s equity investments of 20 pe

foreign affiliates, including all majority

affiliates, using the equity method of a

equity investments of less than 20 per

immaterial investments, using the cos

2. Form BE-10B(LF), (SF), or BANK – R

affiliate parent’s equity investments of 

more in unconsolidated foreign affiliat

unconsolidated majority-owned foreig

the equity method of accounting. Rep

investments of less than 20 percent, a

investments, using the cost method. S

on foreign affiliate consolidation rules 

I.B.2.c. for nonbank affiliates, and see 

for bank affiliates.

C.

Note – If it is determined that there is 

difference between the "equity" and th

and the data should have been filed u

method, BEA will require that the data 

use and therefore not subject to the reporting requirements.

On Forms BE-10B(LF), (SF), and BANK 

expense transactions which may not b

separately for the financial statements

compensation and exports and import

Translate these transactions in a mann

that used to translate the financial stat

dollars.
BE-10 Instructions (8/99) 

• BE-10A, Part III, Section B, items 47 through 50 –

Distribution of sales or gross operating revenues, by

transactor and by whether the sales were goods, services,

or investment income;

• BE-10A, Part IV, – Exports and imports of the U.S.

Reporter on a shipped basis, by product;

• BE-10B(LF), Part II, Section B – Distribution of sales or

gross operating revenues, by transactor, by country of

destination, and by whether the sales were goods,

services or investment income;

• BE-10B(LF), Part II, Section E – Composition of external

financing by transactor; and

• BE-10B(LF), Part IV – Exports and imports of the foreign

affiliate on a shipped basis, by product.

Data provided in these areas may be reasonable estimates

based upon the informed judgement of persons in the

responding organization, sampling techniques, prorations

based on related data, etc. Consistently apply any

estimating procedures used on all BEA surveys.

Specify – When asked to "specify" amounts reported for

certain data items, give the type and dollar amount of the

major items included in the data item for at least the items

mentioned in the line instruction.

V. FILING THE BE-10

Due date – A fully completed and certified BE-10 report

comprising Form BE-10A or 10A BANK, BE-10A

SUPPLEMENT A or BE-10A BANK SUPPLEMENT A (as

required), and Form(s) BE-10B(LF), (SF), or BANK (as

required), is due to BEA no later than May 31, 2000 for U.S.

Reporters required to file fewer than fifty, and June 30, 2000

for U.S. Reporters required to file fifty or more, Forms

BE-10B(LF), (SF), or BANK.

F.

Space on form insufficient – When space on the form is

insufficient to permit a full answer to any item, submit the

required information on supplementary sheets,

appropriately labeled and referenced to the item number

and the form.

G.

A.

Extensions – BEA hopes that by providing an extra month

to file for U.S. Reporters submitting more than fifty forms,

requests for extensions will not be necessary. Delays in

filing affect BEA’s tight schedule for processing the

benchmark survey. Nevertheless, reasonable requests for

an extension of the filing deadline will be considered.

Extension requests must be received by BEA at least 15

days before the due date of the report.

"International." From there click on "U.S. 

Abroad."

Where to send the report – Send repo

through the U.S. Postal Service to:

U.S. Department of Commerce

Bureau of Economic Analysis

BE-69(A)

Washington, DC 20230

Send reports filed by direct private delive

U.S. Department of Commerce

Bureau of Economic Analysis, BE-69(A

Shipping and Receiving Section M-100

1441 L Street, NW

Washington, DC 20005

Confidentiality – The information filed 

be used only for analytical and statistical 

access to the information shall be availab

and employees (including consultants an

their employees) of agencies designated 

perform functions under the Act. The Pre

authorize the exchange of the informatio

agencies or officials designated to perfor

the Act, but only for analytical and statist

official or employee (including consultan

and their employees) shall publish or ma

information collected under the Act in su

the person to whom the information rela

specifically identified. Reports and copies 

prepared pursuant to the Act are confide

submission or disclosure shall not be co

person without the prior written permiss

filing the report and the customer of suc

information supplied is identifiable as be

the records of such customer (22 U.S.C. 3

Annual stockholders’ report and Form 

enterprises issuing annual reports to stoc

completing Securities and Exchange Com

10K should furnish copies of these repor

when filing the BE-10 report.

F.

G.

H.

B.
BE-10 Instructions (8/99) 

Form BE-10B(SF)

Form BE-10B BANK

PLEASE COMPLETE BELOW

Name of U.S. Reporter

Attention:

Street Address

City, State, ZIP Code

U.S. Department of Commerce

Bureau of Economic Analysis, BE-69(A)

Washington, DC 20230

RETURN TO

Cut along this line.

Telephone: 202–606–5566

FAX: 202–606–5312/7

E-mail: be10/11@bea.doc.gov

Visit our website: www.bea.doc.gov

Click International — Survey Forms to download

and print our survey forms.
BE-10A

OMB No. 0608-0049: Approval Expires 11/30/2002 BEA USE ONLY Reporter ID Number A

FORM BE-10A (Report for Nonbank U.S. Reporter) (REV. 6/99)

U.S. DEPARTMENT OF COMMERCE BUREAU OF ECONOMIC ANALYSIS

MANDATORY — CONFIDENTIAL

BENCHMARK SURVEY OF U.S. DIRECT INVESTMENT ABROAD — 1999

MAIL REPORTS TO:

U.S. Department of Commerce

Bureau of Economic Analysis

BE-69(A)

Washington, DC 20230

OR

DELIVER REPORTS TO:

U.S. Department of Commerce

Bureau of Economic Analysis

BE-69(A)

Shipping and Receiving, 

Section M-100

1441 L Street, NW

Washington, DC 20005

1. Name and address of U.S. Reporter

IMPORTANT

Public reporting burden for this BE-10 report (comprising Form BE-10A or BE-10A BANK and Form(s) BE-10B(LF), BE-10B(SF) and/or

BE-10B BANK) is estimated to vary from 14 to 8,500 hours per response, with an average of 130 hours per response. This burden includes

time for reviewing instructions, searching existing data sources, gathering and maintaining the data needed, and completing and reviewing

the collection of information. Send comments regarding this burden estimate to Director, Bureau of Economic Analysis (BE-1), U.S.

Department of Commerce, Washington, DC 20230; and to the Office of Management and Budget, Paperwork Reduction Project 0608-0049,

Washington, DC 20503.

• Who must report — Form BE-10A must be filed by each nonbank U.S. person that has a foreign affiliate reportable in this survey. Data on

Form BE-10A pertain to the fully consolidated U.S. domestic business enterprise. DO NOT FULLY CONSOLIDATE OPERATIONS OF

FOREIGN AFFILIATES ON FORM BE-10A. Report data pertaining to the operations of foreign affiliates on Forms BE-10B(LF), BE-10B(SF),

or BE-10B BANK. See Instruction Booklet, Part I, for detailed reporting requirements.

• U.S. Reporter’s 1999 fiscal year — The U.S. Reporter’s financial reporting year that has an ending date in calendar year 1999. See

Instruction Booklet, Part II.A.

Due date — A completed BE-10 report is due on the following dates:

May 31, 2000 for a U.S. Reporter required to file fewer than 50 Forms BE-10B(LF), BE-10B(SF), and/or BE-10B BANK;

•

June 30, 2000 for a U.S. Reporter required to file 50 or more Forms BE-10B(LF), BE-10B(SF), and/or BE-10B BANK.

Currency amounts — Report in U.S. dollars rounded to thousands (omitting 000). Do not

enter amounts in the shaded portions of each line. EXAMPLE – If amount is $1,334,891.00, report as •

Bil. Mil. Thous. Dols.

If an item is between + or – $500.00, enter "0." Use parenthesis () to indicate negative numbers.

• Contact us for help — Telephone: 202–606–5566; FAX: 202–606–5312 or 5317; E-mail: be10/11@bea.doc.gov.

MANDATORY

This survey is being conducted under the International Investment and Trade in Services Survey Act (P.L.

94-472, 90 Stat. 2059, 22 U.S.C. 3101–3108, as amended – hereinafter "the Act"), and the filing of reports is

mandatory under Section 5(b)(2) of the Act (22 U.S.C. 3104).

PENALTIES

The Act provides that your report to this Bureau is CONFIDENTIAL and may be used only for analytical or

statistical purposes. Without your prior written permission, the information filed in your report CANNOT be

presented in a manner that allows it to be individually identified. Your report CANNOT be used for purposes of

taxation, investigation, or regulation. Copies retained in your files are immune from legal process.

Whoever fails to report shall be subject to a civil penalty of not less than $2,500, and not more that $25,000, and

to injunctive relief commanding such person to comply, or both. Whoever willfully fails to report shall be fined

not more than $10,000 and, if an individual, may be imprisoned for not more than one year, or both. Any officer,

director, employee, or agent of any corporation who knowingly participates in such violations, upon conviction,

may be punished by a like fine, imprisonment or both. (22 U.S.C. 3105)

CONFIDENTIALITY

Notwithstanding any other provision of the law, no person is required to respond to, nor shall any person be

subject to a penalty for failure to comply with, a collection of information subject to the requirements of the

Paperwork Reduction Act, unless that collection of information displays a currently valid OMB Control Number.

Telephone

Area code Number Extension

FAX Number

E-mail address

Telephone

Area code Number Extension

FAX Number

Print or type name and title

Authorized official’s signature Date

CERTIFICATION – The undersigned official certifies that this report

(consisting of Form BE-10A and Form(s) BE-10B(LF), BE-10B(SF),

and/or BE-10B BANK) has been prepared in accordance with the

applicable instructions, is complete, and is substantially accurate

except that, in accordance with Part IV.E. of the Instruction Booklet,

estimates have been provided where data are not available from

customary accounting records or precise data could not be obtained

without undue burden.

Read the Instruction Booklet, which contains definitions and reporting requirements, before completing this form. "Additional" Instructions

specific to line items and "Special" Instructions for dealers in financial instruments and finance, insurance, and real estate companies are

provided at the back of this form. For banks and bank holding companies, see the report forms for banks and the Instruction Booklet, Part I.C.

PERSON TO CONSULT CONCERNING QUESTIONS ABOUT

THIS REPORT

Name

Address

278
1004

BE-10A

Yes — 1 1003 1

No — Complete the remainder of this form.

2. Form of organization of U.S. Reporter — Mark (X) one

Complete the "BE-10, CLAIM FOR NOT FILING." On the claim, mark (X) box number B.2 and enter the name and

address of U.S. business enterprise with whose data your data will be consolidated in accordance with the definition 

of fully consolidated U.S. domestic business enterprise. (See Instruction Booklet, Part I.B.1.b.) Submit the claim to 

BEA and forward the remainder of the BE-10 survey packet to the U.S. business enterprise with whose data your 

data will be consolidated. If this cannot be done, please contact us for further instructions.

Corporation 1 1002 1

1 2 Individual, estate, or trust

Other — Specify

3. If the U.S. Reporter is a corporation, is the corporation owned to the extent of more than 50% of its

voting stock by another U.S. business enterprise?

4. Enter Employer Identification Number(s) used by U.S. Reporter to file income and payroll taxes. Show

additional numbers on a separate sheet if necessary.

1 2

5. The number of foreign affiliate reports (Form BE-10B(LF), BE-10B(SF), and BE-10B BANK) that you are required to file.

1

Number If you also have exempt foreign affiliates, list them on the BE-10A SUPPLEMENT A and give

the requested information for each. (Do not include foreign affiliates listed on the supplement

in the number given here.)

1005

6. The ending date of this U.S. Reporter’s 1999 fiscal year.

Month Day Year

1999

1

7. Was there a change in the entity due to mergers, acquisitions, divestitures, etc., or a change in accounting principles during FY 1999 that

caused FY 1998 data to be restated?

1006

1007 Yes —The effect of restatement on property, plant, and equipment accounts must be entered in item 75.

No

1 3

1 2

Part I – IDENTIFICATION OF U.S. REPORTER

See Additional Instructions for Part I on page 17 at the back of this form.

8. If the U.S. Reporter is a corporation, are all U.S. domestic entities covered by the definition of fully consolidated U.S.

Reporter (See Instruction Booklet, Part I.B.1.b.) included in this BE-10A report?

Yes 1008

No — PERMISSION MUST HAVE BEEN REQUESTED OF, AND GRANTED BY, BEA TO FILE ON AN UNCONSOLIDATED

BASIS. You must file a separate Form BE-10A or BE-10A BANK for each unconsolidated U.S. domestic entity.

Enter the name under which each separate Form BE-10A or BE-10A BANK is being filed.

FORM BE-10A (REV. 6/99) Page 2

9. Does the U.S. Reporter maintain one or more sales promotion or representative offices abroad that do not produce revenue

directly for their own accounts but, instead, are established solely to do business, or provide market information or public relations

services, for their U.S. parent?

Yes — See Instruction Booklet, Part III.F, to determine whether these offices should be reported in this survey. 1 1009 1

No 1 2

10. Is the U.S. Reporter named in item 1 a U.S. affiliate of a foreign person and required to file a Form BE-15, Annual Survey of

Foreign Direct Investment in the United States — 1999?

Yes — Go to item 11. 1 1010 1

No — Skip items 11 and 12 and continue with item 13 (Major activity of fully consolidated domestic U.S. Reporter). 1 2

11. Does the U.S. Reporter named in item 1 file a BE-15(LF) long form?

Yes — Complete only items 47 through 53, 57 through 73, 85 through 91, 93 through 187, and

the Supplement A on the remainder of this BE-10A form.

1 1011 1

No — Go to item 12. 1 2

12. Does the U.S. Reporter named in item 1 file a BE-15(SF) short form?

Yes — Complete only the Supplement A on the remainder of this BE-10A form. 1 1012 1

No — Continue with item 13 (Major activity of fully consolidated domestic U.S. Reporter). 1 2

1 1

1 2

1 1

1 2

Remarks

279
BE-10A

FORM BE-10A (REV. 6/99) Page 3

15.

BEA USE

ONLY

1029

1129

16.

17.

18.

19.

20.

27.

Largest sales or gross operating revenues

2nd largest sales or gross operating revenues

3rd largest sales or gross operating revenues

4th largest sales or gross operating revenues

5th largest sales or gross operating revenues

6th largest sales or gross operating revenues

TOTAL SALES OR GROSS OPERATING

REVENUES AND EMPLOYEES — Sum of items

15 through 26 (Column (2) must equal item 37 and

also item item 47 column (1). Column (3) must

equal item 53.)

1015

1016

1017

1018

1019

1020

1027

Number of employees

engaged in activities

for the ISI codes in

column (1)

(1)

Sales or gross

operating revenues

(2)

Bil. Mil. Thous. Dols.

1 3

$

1 3

1 3

1 3

1 3

3

3

29.

21. 7th largest sales or gross operating revenues

Sales or gross operating revenues and employees

not accounted for above

26.

1021

1026

1

1

3

3

Sales or gross operating revenues and employment of fully consolidated domestic U.S. Reporter, by industry of sales or

gross operating revenues. Enter in columns (1) and (2) respectively, the 4-digit ISI code(s) and the amount of sales or gross operating

revenues associated with each code. For an inactive U.S. Reporter, enter an ISI code based on its last active period. See the Guide to

Industry and Foreign Trade Classifications for International Surveys for a full explanation of each code. (Holding companies (ISI

code 5512) should show total income as reported in item 41.) Enter in column (3), the number of employees on the payroll at the end of FY

1999, including part-time employees, but excluding temporary and contract employees not included on your payroll records. 

1 23 4 5

1 23 4 5

Part I – IDENTIFICATION OF U.S. REPORTER — Continued

3

22. 8th largest sales or gross operating revenues 1022

1

3

23. 9th largest sales or gross operating revenues 1023

1

3

24. 10th largest sales or gross operating revenues 1024

1

25. Number of employees of administrative offices

and other auxiliary units — Include all employees

on the payrolls of administrative offices and other

auxiliary units. Include administrative or auxiliary

employees located at an operating unit who serve

more than one operating unit. Exclude

administrative or auxiliary employees located at an

operating unit who serve only that one operating

unit. (Report those employees with the industry of

the operating unit in lines 15 through 24 above.) 1025

ISI code

(3)

Number

2

2

2

2

2

2

$

2

2

2

2

2

2

3

BEA USE

ONLY

1030

1130

30. 1 23 4 5

1 23 4 5

28. Are (1) total assets, (2) sales or gross operating revenues, excluding sales taxes and (3) net income (loss), all

less than $100 million at the end of, or for, the U.S. Reporter’s 1999 fiscal year?

Yes — Complete Part II and the BE-10A Supplement A on the remainder of this Form BE-10A. 1 1028 1

No — Complete Part III, Part IV, and the BE-10A Supplement A on the remainder of this Form BE-10A. 1 2

Reporter ID Number A

A count taken at some other date during the reporting period

may be given provided it is a reasonable estimate of

employees on the payroll at the end of FY 1999. If

employment is subject to unusual variations, see instructions

for "NUMBER OF EMPLOYEES" under Section C, page 6. 

For most companies the employment distribution in column

(3) is not proportional to the sales distribution in column (2).

Therefore, do not distribute employment in column (3) in

proportion to sales in column (2). See Additional

Instructions for Part I, page 17, at the back of this form.

13. Major activity of fully consolidated domestic U.S. Reporter — Mark (X) one

A list, and explanation, of the International Surveys Industry (ISI) codes used below are given in the Guide to Industry and Foreign

Trade Classifications for International Surveys. For an inactive U.S. Reporter, base the activity on its last active period.

Production of goods — The U.S. Reporter is primarily engaged in construction, mining or extracting (including

exploration and development), manufacturing, fabricating, assembling, processing, or growing a good. These activities

are coded in 1110 through 1140, 2111 through 2127, 2330 through 2350, and 3111 through 3399 of the list of ISI codes.

1 1013 1

Sales of goods — The U.S. Reporter is primarily engaged in selling (at wholesale or retail) goods that it does not

produce. These activities are coded in 4211 through 4540 of the list of ISI codes.

1 2

Services — The U.S. Reporter is primarily engaged in providing a service such as utilities, transportation and

warehousing; information (including newspaper, periodical, book, and database publishers, and software publishers),

finance and insurance; professional, scientific, and technical services; holding companies; administrative and support,

waste management and remediation; accommodations and food services (including restaurants, and eating places), etc.

These activities are coded in 1150, 2132, 2133, 2211 through 2213, and 4810 through 8130 of the list of ISI codes.

1 3

14. What is the MAJOR product or service involved in this activity? If a product, briefly state what is done to it, i.e.,

whether it is mined, manufactured, sold at wholesale, packaged, transported, etc. (For example, "Manufacture widgets to

sell at wholesale.") — Please print.

1014

280
2034

BE-10A

FORM BE-10A (REV. 6/99) Page 4

31.

BEA

USE

ONLY

2036

32.

33.

Net income (loss)

Total assets

Total liabilities

Amount

Bil. Mil. Thous. Dols.

36. 12 3

Part II – SELECTED FINANCIAL AND OPERATING DATA OF U.S. REPORTER

Complete ONLY if the answer to item 28 is "Yes."

1

1

1

2031 $

2032

2033

Imports to the U.S.

(2)

Bil. Mil. Thous. Dols.

2

2

2035

$

Exports from the U.S.

(1)

Bil. Mil. Thous. Dols.

1

1

34. Merchandise trade of the U.S. Reporter with its foreign affiliates $

35. Merchandise trade of the U.S. Reporter with foreigners other than the

U.S. Reporter’s foreign affiliates

If you completed Part II, complete Supplement A on the remainder of this form; do not complete

Part III and Part IV of this form.

4 5

IMPORTANT

281
3147

Part III — FINANCIAL AND OPERATING DATA OF U.S. REPORTER

Complete ONLY if the answer to item 28 is "No."

FORM BE-10A (REV. 6/99) Page 5

37.



• INCOME

Amount

Bil. Mil. Thous. Dols.

Section A — Income Statement of U.S. Reporter — See Additional Instructions for Part III,

Section A, on page 17 at the back of this form.

Sales or gross operating revenues, excluding sales taxes — Must equal item 27 column (2) and

also item 47 column (1). (Dealers in financial instruments see Special Instructions, A.1., page 18;

insurance companies see Special Instructions, B.2.c., page 18.)

38.

39.

1

$

Income from equity investments in unconsolidated business enterprises (domestic and

foreign) — For those owned 20 percent or more (including majority-owned foreign affiliates),

report equity in earnings during the reporting period; for those owned less than 20 percent,

report dividends. Do not include interest income.

Certain realized and unrealized gains (losses) — Include gains (losses) net of income tax

effects resulting from:

a. Sale, disposition, or revaluation of investment securities (Dealers in financial instruments and

finance and insurance companies see Special Instructions, A.1., page 18.);

Sale, disposition, or revaluation of land, other property, plant and equipment, or other assets.

(Real estate companies see Special Instructions, A.2., page 18.);

Remeasurement of the U.S. Reporter’s foreign-currency-denominated assets and liabilities due

to changes in foreign exchange rates during the period and transaction gains (losses) taken to

income in accordance with FASB 52;

Extraordinary items (except those resulting from legal judgments and accidental damage to

fixed assets) and other unusual or infrequently occurring items.

Cost of goods sold or services rendered and selling, general, and administrative 

expenses — Insurance companies see Special Instructions, B.2.e., page 18.

U.S. income taxes — Provision for U.S. Federal, State, and local income taxes. Exclude

production royalty payments.

Other costs and expenses not included above, including minority interests in income

(loss) that arise out of consolidation — Specify

TOTAL COSTS AND EXPENSES — Sum of items 42 through 44

b.

c.

d.

• NET INCOME

42.

43.

44.

45.

46. NET INCOME (LOSS) — Item 41 minus item 45

• COSTS AND EXPENSES

40.

41.

Other income —Specify

TOTAL INCOME — Sum of items 37 through 40

3037

3038

3039

3040

3041

3042

3043

3044

3045

3046

$

1

1

$

1

1

1

1

1

1

1

$

 Section B — Distribution of Sales or Gross Operating Revenues — See Additional Instructions for

Part III, Section B, on page 17 at the back of this form.

Distribute sales or gross operating revenues among three categories – sales of goods, sales of services, and investment income. For the

purpose of this distribution, "goods" are economic outputs that are tangible and "services" are outputs that are intangible. Sales of goods

are usually associated with industry codes 1110 through 1140, 2111 through 2127, and 2330 through 4540. Report sales of structures as

goods when sold by a real estate firm (code 5310). Sales of services are usually associated with industry codes 1150, 2132 through 2213,

and 4810 through 8130. Some companies such as finance and insurance companies (industry codes 5223, 5224, 5231 through 5252, and

5331) include services (e.g., commissions and premiums) and investment income (e.g., interest and dividends) in gross operating

revenues. Allocate sales for such companies between their services and investment income components on lines 49 and 50. The

disaggregation of sales by industry in this section should be consistent with that used in items 15 through 24. (Insurance companies also

see Special Instructions, B.2.h. and I., page 18.)

47. Sales or gross

operating revenues,

excluding sales taxes

Column (1) must equal

item 27, column (2)

and also item 37.

3148

3149

3150

TOTAL

Column (1) equals the

sum of columns (2)

through (4)

Bil. Mil. Thous.

$

• BY TYPE

Sales to U.S. persons

(2)

$

Sales to foreign affiliates

of this U.S. Reporter

(3)

$

Sales to other foreign

persons

$

Investment income

1

(4)

Sales of goods

Sales of services

48.

49.

50.

(1)

2 34

1 2 34

1 2 34

1 2 34

Dols. Bil. Mil. Thous. Dols. Bil. Mil. Thous. Bil. Mil. Thous. Dols. Dols.

BE-10A Reporter ID Number A

282
3459

BE-10A

Part III — FINANCIAL AND OPERATING DATA OF U.S. REPORTER — Continued

FORM BE-10A (REV. 6/99) Page 6

 Section C — Number of Employees and Employee Compensation — See Additional Instructions for Part III, Section C,

on page 17 at the back of this form.

51.

NUMBER OF EMPLOYEES — Employees on the payroll at the end of FY 1999, including part-time employees, but excluding

temporary and contract employees not included on your payroll records. A count taken at some other date during the reporting period

may be given provided it is a reasonable estimate of employees on the payroll at the end of FY 1999. If the number of employees at the

end of FY 1999 (or when the count was taken) was unusually high or low due to temporary factors (e.g., a strike), enter the number of

employees that reflects normal operations. If the number of employees fluctuates widely during the year due to seasonal business

variations, report the average number of employees on the payroll during FY 1999. Base such an average on the number of employees

on the payroll at the end of each pay period, month or quarter. If precise figures are not available, give your best estimate.

EMPLOYEE COMPENSATION — Expenditures made by an employer in connection with the employment of workers, including cash

payments, payments-in-kind, and employer expenditures for employee benefit plans including those mandated by government statute,

such as the employer’s share of Social Security taxes. Base compensation data on payroll records. Report compensation which relates

to activities that occurred during the reporting period regardless of whether the activities were charged as an expense on the income

statement, charged to inventories, or capitalized. DO NOT include data related to activities of a prior period, such as those capitalized or

charged to inventories in prior periods.

52.

53.

54.

55.

Number of

employees

3251

1

All other employees

Research and development employees — Employees engaged in R&D, including managers,

scientists, engineers, and other professional and technical employees

3254

• NUMBER OF EMPLOYEES

• EMPLOYEE COMPENSATION

Wages and salaries — Employee’s gross earnings (before payroll deductions), and direct and in-kind

payments by the employer to employees

Employee benefit plans — Employer expenditures for all employee benefit plans

Amount

Bil. Mil. Thous. Dols.

$

1

TOTAL EMPLOYEE COMPENSATION — Sum of items 54 and 55

3252

3253

1

1

3255

1

$

56. 3256

TOTAL NUMBER OF EMPLOYEES — Sum of items 51 and 52

(Must equal item 27, column (3).)

$

1

 Section D — Balance Sheet of U.S. Reporter — See Additional Instructions for Part III, Section D, on page 17

at the back of this form.

57.

NOTE — Disaggregate all asset and liability items in the detail shown. Show accounts receivable and payable

between the U.S. Reporter and its foreign affiliates in the proper asset and liability accounts of the U.S.

Reporter. Do not report them as a net amount.

Cash items

• ASSETS

Balance at close

of FY 1999

Bil. Mil. Thous. Dols.

1

3357 $

Current receivables — Net of allowances for doubtful items. (Insurance companies see Special

Instructions, B.2.a., page 18.)

Inventories — Land development companies exclude land held for resale (include in item 60); finance

and insurance companies exclude inventories of marketable securities (include in item 60 or 65 as

appropriate). The primary basis of inventory valuation is:

Other current assets, including land held for resale and current marketable securities

58.

59.

60.

Property, plant, and equipment, net

Equity investments in unconsolidated U.S. domestic business enterprises — Report on the

equity basis enterprises owned 20 to 50 percent. Report at cost enterprises owned less than 20 percent.

61.

62.

Noncurrent receivables — Net of allowances for doubtful items.

Other noncurrent assets

TOTAL ASSETS — Sum of items 57 through 65

64.

65.

66.

• LIABILITIES (Insurance companies see Special instructions, B.2.b., page 18.)

Trade accounts and trade notes payable, current

Other current liabilities and long-term debt

Other noncurrent liabilities

TOTAL LIABILITIES — Sum of items 67 through 69

67.

68.

69.

70.

• OWNERS’ EQUITY

71. TOTAL OWNERS’ EQUITY — Item 66 minus 70

3359

3360

3358

3361

3362

3364

3365

3366

3367

3368

3369

3370

3371

1

1

1

1

1

1

1

1

1

1

1

1

1

$

$

$

Equity investments in foreign affiliates — Report on the equity basis enterprises owned 20 to 100

percent. Report at cost enterprises owned less than 20 percent.

63.

3363

1

Other — Specify 1LIFO 3

FIFO

1 1

1 2

283
Part III — FINANCIAL AND OPERATING DATA OF U.S. REPORTER — Continued

FORM BE-10A (REV. 6/99) Page 7

 Section E — Composition of External

Finances of U.S. Reporter

72.

• CLOSE FY 1999

TOTAL

Equals sum of

columns (2)

through (4)

With U.S. persons With foreign

affiliates of this

U.S. Reporter

With other foreign

persons

(1) (2)

1 2

$

3 4 Current and noncurrent

receivables — Column (1) must

equal sum of items 58 and 64.

Bil. Mil. Thous. Dols. Bil. Mil. Thous. Dols. Bil. Mil. Thous. Dols. Bil. Mil. Thous. Dols.

73. Current liabilities and long-term

debt — Column (1) must equal sum

of items 67 and 68.

(3) (4)

 Section F — Property, Plant and Equipment (PP&E) — See Additional Instructions for Part III, Section F, on

page 17 at the back of this form.

Amount

Bil. Mil. Thous. Dols.

PP&E includes land, timber, mineral and like rights owned, structures, machinery, equipment, special tools,

and other depreciable property; construction in progress; and capitalized tangible and intangible exploration

and development costs, but excludes other types of intangible assets, and land held for resale.

• BALANCE, CLOSE FY 1998 (Insurance companies see Special Instructions, B.2.g., page 18.)

Net book value of PP&E at close FY 1998 — The closing FY 1998 value, before

restatement due to change in the entity or accounting principles.

74.

• CHANGES DURING FY 1999

Restatement due to change in entity or accounting principles — If the answer to item 7

was "Yes," give amount by which the net book value of item 74 would be restated due to a

change in the entity or accounting principles. If a decrease, put amount in parentheses. Include

gains (losses) resulting from the sale or disposition of domestic subsidiaries of the U.S.

Reporter, and from revaluation of assets (whether or not realized) in items 39 and/or 71.

75.

Expenditure by the U.S. Reporter for, or transfers into the U.S. Reporter of (Insurance

companies see Special Instruction B.2.f., on page 18.)

76. Land and mineral rights, including timber — Include expenditures for land and capitalized

expenditures for mineral and timber rights. Exclude other capitalized expenditures for the

exploration and development of natural resources and expenditures for land held for resale.

PP&E other than land, mineral, and timber rights. (Include changes due to

77. mergers and acquisitions in item 75.)

If it is burdensome to exclude all used plant, equipment, etc., from new, then include

78. minor used items in item 77, and include only major used items in item 78.

77.

78.

3577

3578

3574

3575

3576

1234

$

1

$

New 

Used

79.

80.

81.

82.

Depreciation

Depletion

Other increases (decreases) — Specify

• BALANCE, CLOSE FY 1999 (Insurance companies see Special Instructions, B.2.g., page 18.)

• ADDENDUM

Net book value of PP&E at close FY 1999 — Equals sum of items 74 through 81; must

also equal item 61.

3579

3580

3581

3582

Petroleum and mining exploration and development expenditures charged against income

including expenditures charged against income to acquire or lease mineral rights — Do not

include expenditures capitalized in prior years that are reclassified as expensed in the current year; such

expenditures are considered to be expenditures only in the year when initially expensed.

83.

3583

84. BEA USE ONLY

1

1

1

1

1

1

1

1

1

1

( )

( )

3584

With foreign persons

3472

3473

$$$

 Section G — Interest, production royalty payments, and taxes

85. 1

Bil. Mil. Thous. Dols.

86.

Amount

Interest received — Interest received by the U.S. Reporter from, or credited to U.S. Reporter by, all

payors (including foreign affiliates), net of tax withheld at the source. Include all interest receipts

included in items 37 and 40. Do not net against interest paid, item 86.

Interest paid — Interest paid, or credited, to all payees (including foreign affiliates) by the U.S.

Reporter, gross of tax withheld. Include all interest payments included in items 42, 43, and 44.

Do not net against interest received, item 85.

Production royalty payments for natural resources, total — Include amounts paid or accrued

for the year. Include payments in kind at market value. Sum of items 88, 89, and 90.

87.

3685

3686

3687

1

1

Sales, consumption, and excise taxes;

Taxes (except income and payroll taxes) and nontax payments (other than production

royalty payments) — Report all such taxes and nontax payments whether or not included in

revenues or expenses in the income statement. Include amounts paid or accrued for the year, net of

refunds or credits, to Federal, State, and local governments, their subdivisions and agencies for —

a.

Property taxes and other taxes on the value of assets or capital;

Any remaining taxes (other than income or payroll taxes); and

Import and export duties, license fees, fines, penalties, and all other payments or accruals of

nontax liabilities (except production royalty payments).

b.

c.

d.

91.

3691

BEA USE ONLY 3692

$

92.

1

1

3688

3689

3690

1

1

1

To the Federal Government

To State and local governments

To all others

88.

89.

90.

BE-10A Reporter ID Number A

1

284
BE-10A

Part III — FINANCIAL AND OPERATING DATA OF U.S. REPORTER — Continued

FORM BE-10A (REV. 6/99) Page 8

• RESEARCH AND DEVELOPMENT (R&D) EXPENDITURES — Include all costs incurred in

performing R&D, including depreciation, amortization, wages and salaries, taxes, materials and

supplies, allocated overhead, and indirect costs.

 Section H — Technology — See Additional Instructions for Part III, Section H, on page 17 at the back of this form.

NOTE — Items 93 through 96 pertain to R&D performed by the U.S. Reporter, including R&D

performed by the U.S. Reporter for others under contract. This is the basis on which National

Science Foundation surveys request information on R&D. The FASB 2 measure of R&D (i.e., R&D

from which the firm benefits) is the sum of items 94 and 97.

1

Bil. Mil. Thous. Dols.

Amount

93. R&D performed BY the U.S. Reporter, total — Sum of items 94, 95, and 96. $

94. For U.S. Reporter’s own account

95. For Federal Government (i.e., federally financed R&D)

97. R&D performed FOR the U.S. Reporter by others (including foreign affiliates) on a

contractual basis

• ROYALTIES, LICENSE FEES, AND OTHER FEES FOR THE USE, SALE, OR PURCHASE OF

INTANGIBLE PROPERTY

Receipts of royalties and license fees from foreign persons other than U.S.

Reporter’s foreign affiliates — Include royalties, license fees, and other amounts received

by the U.S. Reporter from, or credited to the U.S. Reporter by, unaffiliated foreigners for the

use or sale of intangible property. Exclude receipts from the granting to others of the right to

exploit natural resources you own or control.

98.

3793

3794

3795

3797

3798

Payments to foreign persons other than U.S. Reporter’s foreign affiliates — Include

royalties, license fees, and other amounts paid, or credited, to unaffiliated foreigners by the

U.S. Reporter for use or purchase of intangible property. Exclude payments to others for the

right to exploit natural resources they own or control.

99.

1

1

1

1

1

100. BEA USE ONLY

3796

1

96. For others (including foreign affiliates) under contract

3799

1

3800

Part IV — U.S. MERCHANDISE TRADE OF U.S. REPORTER

Goods only (valued f.a.s. at the port of exportation); do not include services — See Additional Instructions for Part IV, on page 18 at

the back of this form.

"Shipped" basis 1 4101 1

This section requires the reporting of data on U.S. merchandise trade of the U.S. Reporter in FY 1999. Report data on a "shipped"

basis, i.e., on the basis of when and to (or by) whom the goods were shipped. This is the same basis as official U.S. trade statistics

to which these data will be compared. Do not record a U.S. import or export if the goods did not physically enter or leave (i.e.,

were not physically shipped to or from) the United States, even if they were charged to the U.S. Reporter by, or charged by the

U.S. Reporter to, a foreign person.

"Charged" basis without adjustments, because there is no material difference between the

"charged" and "shipped" bases.

1 2

101. On what basis were the trade data in the section prepared? — Mark (X) one.

U.S. Reporters normally keep their accounting records on a "charged" basis, i.e., on the basis of when and to (or by) whom the

goods were charged. The "charged" basis may be used if there is no material difference between it and the "shipped" basis. If

there is a material difference, the "shipped" basis must be used or adjustments made to data on a "charged" basis to approximate

a "shipped" basis.

IMPORTANT NOTES

"Charged" basis with adjustments to correct for material differences between the "charged"

and "shipped" bases.

1 3

Remarks

285
Part IV — U.S. MERCHANDISE TRADE OF U.S. REPORTER — Continued

FORM BE-10A (REV. 6/99) Page 9

2

Bil. Mil. Thous. Dols.

Imports to the U.S.

$

2

2

2

2

2

Goods only (valued f.a.s. at the port of exportation); do not include

services — See Additional Instructions for Part IV, on 

page 18 at the back of this form.

1

Bil. Mil. Thous. Dols.

Exports from the U.S.

$

1

1

1

1

1

102. 4102MERCHANDISE TRADE OF THE U.S. REPORTER WITH ITS

FOREIGN AFFILIATES IN FY 1999

MERCHANDISE TRADE OF THE U.S. REPORTER WITH FOREIGNERS

OTHER THAN THE U.S. REPORTER’S FOREIGN AFFILIATES IN FY 1999

BY PRODUCT — See the "Foreign Trade Classifications" starting

on page 50 of the Guide to Industry and Foreign Trade

Classifications for International Surveys, which are to be

used in classifying U.S. merchandise exports and imports.

Food, live animals, beverages, and tobacco (SITC 0 AND 1)

Crude materials, inedible, except fuels (SITC 2)

Chemicals and related products (SITC 5)

Industrial machinery and equipment (SITC 71–74)

Office machines and automatic data processing machines

(SITC 75)

103.

104.

105.

107.

108.

109.

110.

111.

Telecommunications, sound equipment, and other

electrical machinery and parts (SITC 76 and 77)

Road vehicles (including air-cushion vehicles) and parts (SITC 78) —

Include all parts that are shipped with the vehicles. Parts that are shipped

separately may be in this or another classification.*

Other transport equipment (STIC 79) — Include all parts that

are shipped with the equipment. Parts that are shipped

separately may be in this or another classification.*

Other products (SITC 4, 6, 8, and 9) — Specify all entries

greater than $10 million.

112.

113.

4103

4104

4105

4107

4108

4109

4110

4111

4112

4113

106 Mineral fuels, lubricants and related materials (SITC 3) 4106

1 2

1 2

1 2

1 2

1 2

1 2

BE-10A Reporter ID Number A

(1) (2)

a. For columns (1) and (2), equals sum of items 104 through 113, and

b. For column (1) equals sum of item 187 and all countries with entries

BEA

USE

ONLY

(1)

Exports from 

the U.S.

(2)

Bil. Mil. Thous. Dols.

114.

115.

116.

117.

118.

119.

120.

121.

122.

123.

124.

125.

126.

Australia

Belgium

Brazil

Canada

China

Egypt

France

Germany

Hong Kong

India

4114

4115

4116

4117

4118

4119

4120

4122

4124

4126

4121

4123

4125

1 2

1 2

1 2

1 2

1 2

1 2

1 2

1 2

1 2

1 2

1 2

1 2

1 2

$

601

302

202

100

650

204

307

308

611

612

EXPORTS BY COUNTRY OF ULTIMATE DESTINATION — The country of ultimate destination is the country where

the goods are to be consumed, further processed, or manufactured, as known to the shipper at the time of

exportation. If the shipper does not know the country of ultimate destination, the shipment should be credited to

the last country to which the shipper knows that the merchandise will be shipped in the same form as when

exported. Sum of all countries with entries and item 187 must equal item 103, column (1). Enter amounts for all

individual countries to which exports were $500,000.00 or more.

Chile

Colombia

Argentina 200

203

410

* Some parts that are shipped separately are included in items 111 and 112; however, others are included in product categories

appropriate to the type of part based, not on the part’s end-use, but rather on the main type of material from which it is made or its

general function. Major examples of such parts are gasoline and diesel engines (include in item 108); air conditioners for motor vehicles

(item 108); lamps, batteries, and electrical parts for engines (item 110); and tires and tubes (item 113). For more complete information,

see the Guide to Industry and Foreign Trade Classifications for International Surveys.

286
FORM BE-10A (REV. 6/99) Page 10

BE-10A

BEA

USE

ONLY

(1)

Exports from 

the U.S.

(2)

Bil. Mil. Thous. Dols.

127.

128.

129.

130.

131.

132.

133.

134.

135.

136.

137.

138.

139.

Israel

Italy

Japan

Korea (South)

Mexico

Phillipines

Saudi Arabia

Singapore

Spain

Sweden

4127

4128

4129

4130

4131

4132

4133

4135

4137

4139

4134

4136

4138

1 2

1 2

1 2

1 2

1 2

1 2

1 2

1 2

1 2

1 2

1 2

1 2

1 2

$

504

314

614

626

213

319

511

625

323

324

EXPORTS BY COUNTRY OF ULTIMATE DESTINATION — The country of ultimate destination is the country where

the goods are to be consumed, further processed, or manufactured, as known to the shipper at the time of

exportation. If the shipper does not know the country of ultimate destination, the shipment should be credited to

the last country to which the shipper knows that the merchandise will be shipped in the same form as when

exported. Sum of all countries with entries and item 187 must equal item 103, column (1). Enter amounts for all

individual countries to which exports were $500,000.00 or more.

Malaysia

Netherlands

Indonesia 613

617

623

Part IV — U.S. MERCHANDISE TRADE OF U.S. REPORTER — Continued

140. Switzerland

141. Taiwan

142. United Kingdom

143. Venezuela

144.

145.

146.

4140

4141

4142

4143

4144

4145

Other individual countries to which exports were $500,000.00 or more — Specify country. Use

supplemental sheets, if necessary, to account for all such countries.

147.

148.

149.

150.

151.

152.

153.

154.

155.

156.

157.

158.

159.

Goods only (valued f.a.s. at the port of exportation); do not include services — See Additional Instructions for Part IV, on 

page 18 at the back of this form.

4146

4147

4148

4149

4150

4151

4152

4153

4154

4155

4156

4157

4158

4159

325

628

327

219

1 2

1 2

1 2

1 2

1 2

1 2

1 2

1 2

1 2

1 2

1 2

1 2

1 2

1 2

1 2

1 2

1 2

1 2

1 2

1 2

287
Part IV — U.S. MERCHANDISE TRADE OF U.S. REPORTER — Continued

FORM BE-10A (REV. 6/99) Page 11

Goods only (valued f.a.s. at the port of exportation); do not include services — See Additional Instructions for Part IV, on 

page 18 at the back of this form.

BE-10A Reporter ID Number A

BEA

USE

ONLY

(1)

Exports from 

the U.S.

(2)

Bil. Mil. Thous. Dols.

160.

161.

162.

163.

164.

165.

166.

167.

168.

169.

170.

171.

172.

4160

4161

4162

4163

4164

4165

4166

4168

4170

4172

4167

4169

4171

1 2

1 2

1 2

1 2

1 2

1 2

1 2

1 2

1 2

1 2

1 2

1 2

1 2

$

EXPORTS BY COUNTRY OF ULTIMATE DESTINATION — The country of ultimate destination is the country where

the goods are to be consumed, further processed, or manufactured, as known to the shipper at the time of

exportation. If the shipper does not know the country of ultimate destination, the shipment should be credited to

the last country to which the shipper knows that the merchandise will be shipped in the same form as when

exported. Sum of all countries with entries and item 187 must equal item 103, column (1). Enter amounts for all

individual countries to which exports were $500,000.00 or more.

173.

174.

175.

176.

177.

178.

179.

180.

181.

182.

183.

184.

185.

186.

187.

188.

Exports to all countries for which exports were less than $500,000.00 — The sum of

this item and all countries with entries must equal item 103, column (1). 709 $

4173

4174

4175

4176

4177

4178

4179

4180

4181

4182

4183

4184

4185

4186

4187

BEA USE ONLY

4188

1 2

1 2

1 2

1 2

1 2

1 2

1 2

1 2

1 2

1 2

1 2

1 2

1 2

1 2

1 2

12345

288
BE-10A

FORM BE-10A (REV. 6/99) Page 12

REMARKS

Use this page for any explanation that may be essential in understanding your reported data.

289
5002

50035004500550065007500850095010

(1)

FORM BE-10A Supplement A (REV. 6/99) U.S. DEPARTMENT OF COMMERCE BUREAU OF ECONOMIC ANALYSIS

LISTING OF FOREIGN AFFILIATES

With Assets, Sales or Gross Operating Revenues, AND Net Income (loss)

of $7 Million or Less

Reporter ID Number

Page No. of pages

of this Supplement A

Page 13 CONTINUE ON REVERSE

Thous.

Total assets Sales or gross operating revenues Primary industry code1

(7)

(8)

(9) (5) (4)

(2) (3)

Country of

location Name of foreign affiliate

BEA USE ONLY

Number of

employees

11111

4 5 7 8 9 10

$

(10)

6

2

Dols. Mil.

Owed to foreign

affiliate by U.S.

Reporter

Debt and intercompany balances

between U.S. Reporter and foreign

affiliate

1 See Form BE-10B(LF), pages 20 and 21 or Guide to Industry and Foreign Trade Classifications for International Surveys, Part 1,

for code: enter code which accounts for largest amount of sales or gross operating revenues, excluding sales taxes.

2 To calculate indirect ownership percentages — See Instruction Booklet, Part I.A.2.

1010101010101010

%

12

%

12

%

12

%

12

%

12

%

12

%

12

%

12

%

12

Owed to U.S.

Reporter by

foreign affiliate

Total liabilities Net income after

foreign income tax

3

BEA USE ONLY 2BEA USE ONLY 2BEA USE ONLY 2BEA USE ONLY 2BEA USE ONLY 2BEA USE ONLY 2BEA USE ONLY 2BEA USE ONLY 2

4 34 34 34 34 34 34 34 3

$$$5 7 89 65 7 89 65 7 89 65 7 89 65 7 89 65 7 89 65 7 89 65 7 89 6

$

Direct (11) Indirect (12) U.S. Reporter’s percentage of ownership2 %

%%%%%%%%

Direct (11) Indirect (12)Direct (11) Indirect (12)Direct (11) Indirect (12)Direct (11) Indirect (12)Direct (11) Indirect (12)Direct (11) Indirect (12)Direct (11) Indirect (12)Direct (11) Indirect (12)

U.S. Reporter’s percentage of ownership2U.S. Reporter’s percentage of ownership2U.S. Reporter’s percentage of ownership2U.S. Reporter’s percentage of ownership2U.S. Reporter’s percentage of ownership2U.S. Reporter’s percentage of ownership2U.S. Reporter’s percentage of ownership2U.S. Reporter’s percentage of ownership2

Thous. Dols. Mil. Thous. Dols. Mil. Thous. Dols. Mil. Thous. Dols. Mil. Thous. Dols. Mil.

(6)

1111

111111111111111111

BEA USE ONLYName of U.S. Reporter

A

.........

.........

$

290
5011

50125013501450155016501750185019

(1)

Page No. of pages

of this Supplement A

Page 14

Thous.

Total assets Sales or gross operating revenues Primary industry code1

(7)

(8)

(9) (5) (4)

(2) (3)

Country of

location Name of foreign affiliate

BEA USE ONLY

Number of

employees

11111

4 5 7 8 9 10

$

(10)

6

2

Dols. Mil.

Owed to foreign

affiliate by U.S.

Reporter

Debt and intercompany balances

between U.S. Reporter and foreign

affiliate

1 See Form BE-10B(LF), pages 20 and 21 or Guide to Industry and Foreign Trade Classifications for International Surveys, Part 1,

for code: enter code which accounts for largest amount of sales or gross operating revenues, excluding sales taxes.

2 To calculate indirect ownership percentages — See Instruction Booklet, Part I.A.2.

1010101010101010

%

12

%

12

%

12

%

12

%

12

%

12

%

12

%

12

%

12

Owed to U.S.

Reporter by

foreign affiliate

Total liabilities Net income after

foreign income tax

3

BEA USE ONLY 2BEA USE ONLY 2BEA USE ONLY 2BEA USE ONLY 2BEA USE ONLY 2BEA USE ONLY 2BEA USE ONLY 2BEA USE ONLY 2

$4 34 34 34 34 34 34 34 3

$$$5 7 89 65 7 89 65 7 89 65 7 89 65 7 89 65 7 89 65 7 89 65 7 89 6

$

Direct (11) Indirect (12) U.S. Reporter’s percentage of ownership2 %

%%%%%%%%

Direct (11) Indirect (12)Direct (11) Indirect (12)Direct (11) Indirect (12)Direct (11) Indirect (12)Direct (11) Indirect (12)Direct (11) Indirect (12)Direct (11) Indirect (12)Direct (11) Indirect (12)

U.S. Reporter’s percentage of ownership2U.S. Reporter’s percentage of ownership2U.S. Reporter’s percentage of ownership2U.S. Reporter’s percentage of ownership2U.S. Reporter’s percentage of ownership2U.S. Reporter’s percentage of ownership2U.S. Reporter’s percentage of ownership2U.S. Reporter’s percentage of ownership2

Thous. Dols. Mil. Thous. Dols. Mil. Thous. Dols. Mil. Thous. Dols. Mil. Thous. Dols. Mil.

(6)

1111

111111111111111111

LISTING OF FOREIGN AFFILIATES — Continued

FORM BE-10A Supplement A (REV. 6/99)

. .. .. .. .. .. .. .. .. .

291
5020

50215022502350245025502650275028

(1)

Page No. of pages

of this Supplement A

Page 15 CONTINUE ON REVERSE

Thous.

Total assets Sales or gross operating revenues Primary industry code1

(7)

(8)

(9) (5) (4)

(2) (3)

Country of

location Name of foreign affiliate

BEA USE ONLY

Number of

employees

11111

4 5 7 8 9 10

$

(10)

6

2

Dols. Mil.

Owed to foreign

affiliate by U.S.

Reporter

Debt and intercompany balances

between U.S. Reporter and foreign

affiliate

1 See Form BE-10B(LF), pages 20 and 21 or Guide to Industry and Foreign Trade Classifications for International Surveys, Part 1,

for code: enter code which accounts for largest amount of sales or gross operating revenues, excluding sales taxes.

2 To calculate indirect ownership percentages — See Instruction Booklet, Part I.A.2.

1010101010101010

%

12

%

12

%

12

%

12

%

12

%

12

%

12

%

12

%

12

Owed to U.S.

Reporter by

foreign affiliate

Total liabilities Net income after

foreign income tax

3

BEA USE ONLY 2BEA USE ONLY 2BEA USE ONLY 2BEA USE ONLY 2BEA USE ONLY 2BEA USE ONLY 2BEA USE ONLY 2BEA USE ONLY 2

$4 34 34 34 34 34 34 34 3

$$$5 7 89 65 7 89 65 7 89 65 7 89 65 7 89 65 7 89 65 7 89 65 7 89 6

$

Direct (11) Indirect (12) U.S. Reporter’s percentage of ownership2 %

%%%%%%%%

Direct (11) Indirect (12)Direct (11) Indirect (12)Direct (11) Indirect (12)Direct (11) Indirect (12)Direct (11) Indirect (12)Direct (11) Indirect (12)Direct (11) Indirect (12)Direct (11) Indirect (12)

U.S. Reporter’s percentage of ownership2U.S. Reporter’s percentage of ownership2U.S. Reporter’s percentage of ownership2U.S. Reporter’s percentage of ownership2U.S. Reporter’s percentage of ownership2U.S. Reporter’s percentage of ownership2U.S. Reporter’s percentage of ownership2U.S. Reporter’s percentage of ownership2

Thous. Dols. Mil. Thous. Dols. Mil. Thous. Dols. Mil. Thous. Dols. Mil. Thous. Dols. Mil.

(6)

1111

111111111111111111

LISTING OF FOREIGN AFFILIATES — Continued

FORM BE-10A Supplement A (REV. 6/99) Reporter ID Number BEA USE ONLY Name of U.S. Reporter A

. .. .. .. .. .. .. .. .. .

292
5029

50305031503250335034503550365037

(1)

Page No. of pages

of this Supplement A

Page 16

Thous.

Total assets Sales or gross operating revenues Primary industry code1

(7)

(8)

(9) (5) (4)

(2) (3)

Country of

location Name of foreign affiliate

BEA USE ONLY

Number of

employees

11111

4 5 7 8 9 10

$

(10)

6

2

Dols. Mil.

Owed to foreign

affiliate by U.S.

Reporter

Debt and intercompany balances

between U.S. Reporter and foreign

affiliate

1 See Form BE-10B(LF), pages 20 and 21 or Guide to Industry and Foreign Trade Classifications for International Surveys, Part 1,

for code: enter code which accounts for largest amount of sales or gross operating revenues, excluding sales taxes.

2 To calculate indirect ownership percentages — See Instruction Booklet, Part I.A.2.

1010101010101010

%

12

%

12

%

12

%

12

%

12

%

12

%

12

%

12

%

12

Owed to U.S.

Reporter by

foreign affiliate

Total liabilities Net income after

foreign income tax

3

BEA USE ONLY 2BEA USE ONLY 2BEA USE ONLY 2BEA USE ONLY 2BEA USE ONLY 2BEA USE ONLY 2BEA USE ONLY 2BEA USE ONLY 2

$4 34 34 34 34 34 34 34 3

$$$5 7 89 65 7 89 65 7 89 65 7 89 65 7 89 65 7 89 65 7 89 65 7 89 6

$

Direct (11) Indirect (12) U.S. Reporter’s percentage of ownership2 %

%%%%%%%%

Direct (11) Indirect (12)Direct (11) Indirect (12)Direct (11) Indirect (12)Direct (11) Indirect (12)Direct (11) Indirect (12)Direct (11) Indirect (12)Direct (11) Indirect (12)Direct (11) Indirect (12)

U.S. Reporter’s percentage of ownership2U.S. Reporter’s percentage of ownership2U.S. Reporter’s percentage of ownership2U.S. Reporter’s percentage of ownership2U.S. Reporter’s percentage of ownership2U.S. Reporter’s percentage of ownership2U.S. Reporter’s percentage of ownership2U.S. Reporter’s percentage of ownership2

Thous. Dols. Mil. Thous. Dols. Mil. Thous. Dols. Mil. Thous. Dols. Mil. Thous. Dols. Mil.

(6)

1111

111111111111111111

LISTING OF FOREIGN AFFILIATES — Continued

Use additional sheets, if necessary, to account for all affiliates.

FORM BE-10A Supplement A (REV. 6/99)

. .. .. .. .. .. .. .. .. .

293
BE-10A

FORM BE-10A (REV. 6/99) Page 17

BENCHMARK SURVEY OF U.S. DIRECT INVESTMENT ABROAD — 1999

FORM BE-10A

ADDITIONAL INSTRUCTIONS BY LINE ITEM

25.

Part I — IDENTIFICATION OF U.S. REPORTER

15.—27.

If fewer than ten ISI codes are used, account for total sales or gross

operating revenues in items 15 through 23.

Holding companies — Holding companies (ISI code 5512) must

show total income (item 41). A conglomerate must determine its

4-digit ISI code(s) based on the activities of the fully consolidated

U.S. domestic business enterprise. The "holding company"

classification is often an invalid classification for a conglomerate.

Please call BEA for further assistance before using code 5512.

Part III — FINANCIAL AND OPERATING DATA OF

U.S. REPORTER

• Section A — Income Statement of U.S. Reporter

37.

40.

42.

• Section B — Distribution of Sales or Gross Operating

Revenues (Items 47—50)

Distribute sales consistent with the industry codes reported in

column (1) of items 15 through 24. When a sale consists of both

goods and services and cannot be unbundled (i.e., the goods and

services are not separately billed), classify it as a good or service

based on whichever accounts for a majority of the value. If actual

figures are not available, give best estimates.

49.

50.

Sales or gross operating revenues and employment of fully

consolidated domestic U.S. Reporter by industry of sales or

gross operating revenues. (Dealers in financial instruments and

finance, insurance, and real estate companies see Special

Instructions on page 18. Also see Additional Instructions for Part

III, Section A, item 37.)

Employees of administrative offices and auxiliary units —

Auxiliary units and administrative offices are primarily engaged in

performing management and support services for the fully

consolidated U.S. domestic business enterprise. These services

can include accounting, data processing, legal services, research

and development, testing, warehousing, etc. Administrative offices

and auxiliary units are typically located separately from the

operating units of the company.

Sales or gross operating revenues, excluding sales taxes —

Report gross operating revenues or gross sales minus returns,

allowances, and discounts. Exclude sales or consumption taxes

levied directly on the consumer. Exclude net value-added taxes and

excise taxes levied on manufacturers, wholesalers, and retailers.

Companies with ISI codes 5223, 5224, 5231, 5238, 5252 and 5331

should include interest income on this line. Insurance companies

with ISI codes 5243 and 5249 should include gross investment

income on this line. (Dealers in financial instruments and finance,

insurance, and real estate companies see Special Instructions on

page 18.)

Other income — Report non-operating and other income not

reported on lines 37, 38, and/or 39.

Costs of goods sold or services rendered and selling, general,

and administrative expenses — Report operating expenses that

relate to sales or gross operating revenues (item 37) and selling,

general, and administrative expenses. Include production royalty

payments to governments, their subdivisions and agencies, and to

other persons. Include depletion charges representing the

amortization of the actual cost of capital assets but exclude all other

depletion charges. Do not include tax or percentage depletion

charges. Companies with ISI codes 5223, 5224, 5231, 5238, 5252

and 5331 should include interest expense.

Sales of services — Report the source of real estate rental income

in columns (2) through (4) based on the location of the property.

Investment income — Companies, such as finance or insurance

companies, that include investment income in gross operating

revenues should report the source of such investment income in

columns (2) through (4) based on the location of the issuer of the

financial instrument whether publicly issued or privately placed. If

the location of the issuer of the financial instrument is unknown,

then substitute the nationality of the issuer. If both the location and

nationality of the issuer are unknown, and an intermediary (e.g.

trustee, custodian, or nominee) is used to manage the investment

(financial instrument or real estate), use the country of location of

the intermediary.

• Section C — Number of Employees and Employee

Compensation

51.

54.

Include direct payments by employers for vacations, sick leave,

severance (redundancy) pay, etc. Exclude payments made by, or on

behalf of, benefit funds rather than by the employer. (Include

employer contributions to benefit funds in "employee benefit plans"

as discussed in item 55 below.)

Include in-kind payments, valued at their cost, that are clearly and

primarily of benefit to the employees as consumers. Do not include

expenditures that benefit employers as well as employees, such as

expenditures for plant facilities, employee training programs, and

reimbursement of business expenses.

55.

57.

58.

61.

64.

68.

69.

Research and development employees — Research and

development employees are scientists, engineers, and other

professional and technical employees, including managers, who

spend all or a majority of their time engaged in scientific or

engineering R&D work, at a level that requires knowledge of

physical or life sciences, engineering, or mathematics at least

equivalent to that acquired through completion of a four-year

college course with a major in one of these fields. Training may be

either formal or by experience.

Wages and salaries — Report gross earnings of all employees

before deduction of employees’ payroll withholding taxes, social

insurance contributions, group insurance premiums, union dues,

etc. Include time and piece rate payments, cost of living

adjustments, overtime pay and shift differentials, bonuses, profit

sharing amounts, and commissions. Exclude commissions paid to

independent personnel who are not employees.

Employee benefit plans — Report employer expenditures for all

employee benefit plans, including those mandated by government

statute, resulting from collective bargaining contracts, and those

that are voluntary. Include Social Security and other retirement

plans, life and disability insurance, guaranteed sick pay programs,

workers’ compensation insurance, medical insurance, family

allowances, unemployment insurance, severance pay funds, etc.

Also, include deferred postemployment and post retirement

expenses per FASB 106. If plans are financed jointly by the

employer and the employee, include only the contributions of the

employer.

Cash items — Include deposits in financial institutions and other

cash items. Do NOT include overdrafts as negative cash. Instead,

report overdrafts in item 68 (other current liabilities and long-term

debt). Exclude certificates of deposits (CDs) and other deposits of

the U.S. Reporter held by its foreign affiliates or other foreign

persons. Instead, report CDs in item 58 (current receivables) or item

64 (noncurrent receivables) as appropriate.

• Section D — Balance Sheet of U.S. Reporter

Current receivables — Include the current portion of CDs and

other deposits of the U.S. Reporter held by its foreign affiliates or

other foreign persons.

Property, plant, and equipment, net — Report net of

accumulated depreciation and depletion. Include land, timber,

mineral rights and similar rights owned. Also include structures,

machinery, equipment, special tools, deposit containers,

construction in progress, and capitalized tangible and intangible

exploration and development costs of the U.S. Reporter. Include

items on capital leases from others, per FASB 13. Exclude all other

types of intangible assets, and land held for resale.

Noncurrent receivables — Include the noncurrent portion of CDs

and other deposits of the U.S. Reporter held by its foreign affiliates

or other foreign persons.

Other current liabilities and long-term debt — Include

overdrafts, commercial paper issued and other current liabilities not

included in item 67. Include long-term debt securities owed such as

bonds or notes, lease obligations capitalized per FASB 13, and all

other long-term intercompany debt.

Other noncurrent liabilities — Include noncurrent items not

reported on line 68 such as deferred taxes and underlying minority

interest in consolidated domestic subsidiaries.

• Section F — Property, Plant, and Equipment (PP&E)

(Items 74–83)

Include items leased from others (including land) under capital leases.

Also include the capitalized value of timber, mineral, and similar rights

leased by the U.S. Reporter from others. Do not include items the U.S.

Reporter has sold under a capital lease.

Exclude from expenditures (items 76 to 78) all changes in PP&E,

resulting from a change in the entity (e.g., due to mergers,

acquisitions, divestitures, etc.) or accounting principles during FY

1999. Account for such changes in item 75.

For U.S. Reporters engaged in exploring for, or developing, natural

resources, include in items 76, 77, and 78 exploration and

development expenditures made during FY 1999 that were capitalized,

including capitalized expenditures to acquire or lease mineral rights.

Include adjustments for expenditures charged against income in prior

years but subsequently capitalized during FY 1999 in item 81.

79. Depreciation — Do not include depletion. Report depletion

separately in item 80.

• Section H — Technology (Items 93 - 97)

Research and development expenditures — Research and

development (R&D) includes basic and applied research in science

and engineering, and the design and development of prototypes

and processes, if the purpose of such activity is to:

1. Pursue a planned search for new knowledge whether or not the

search has reference to a specific application;

2. Apply existing knowledge to the creation of a new product or

process, including evaluation of use; or

3. Apply existing knowledge to the employment of a present

product or process.

R&D includes the activities described above, whether assigned to

separate R&D organizational units of the company or conducted by

company laboratories and technical groups that are not a part of a

separate R&D organization.

Include all costs incurred to support R&D, including R&D

depreciation and overhead. Exclude capital expenditures, routine

product testing and quality control conducted during commercial

production, geological and geophysical exploration, market

research and surveys, and legal work pertaining to patents.

294
BE-10A

FORM BE-10A (REV. 6/99) Page 18

Part IV — U.S. MERCHANDISE TRADE OF

U.S. REPORTER (Items 101—187)

When there is a material difference between the "charged" and

"shipped" bases and the data have not been filed on the "shipped"

basis, or the necessary adjustments have not been made to

approximate a "shipped" basis, BEA will require the data to be refiled.

Differences between the "charged" and "shipped" bases may be

substantial. A major difference arises when the U.S. Reporter buys

goods in country A and sells them in country B, but the goods are

shipped directly from country A to country B. Because the goods did

not physically enter or leave the United States, they are not U.S. trade.

However, when the U.S. Reporter records the transactions on its books,

it shows a purchase charged to it from country A and a sale charged by

it to country B. If the U.S. Reporter’s trade data in this survey were

prepared on the "charged" basis, the purchase and sale would appear

incorrectly as a U.S. import and a U.S. export, respectively. Other

differences arise when the U.S. Reporter charges the sale of its

products to a foreign affiliate in one country, but ships the goods

directly from the United States to an unaffiliated foreigner in another

country. If the data are on the "shipped" basis, this is a U.S. export to

an unaffiliated foreigner, not to the foreign affiliate.

If a material difference exists between the "charged" and "shipped"

bases, trade must be reported on the "shipped" basis. To do this, the

U.S. Reporter may have to derive the data from export and import

declarations filed with U.S. Customs or from shipping and receiving

documents, rather than from accounting records, or may have to

otherwise adjust its data from a "charged" to a "shipped" basis.

Definition of U.S. merchandise trade — The phrases "U.S.

merchandise trade," "U.S. merchandise exports," and "U.S.

merchandise imports" refer to physical movements of goods between

the customs area of the United States and the customs area of a

foreign country. Data in this section cover all goods that physically left

or entered the U.S. customs area in FY 1999. Consigned goods must be

included in the trade figures when shipped or received, even though

not normally recorded as sales or purchases, or entered into

intercompany accounts when initially consigned. Include capital goods

but exclude the value of ships, planes, railroad rolling stock, and trucks

that were temporarily outside the United States transporting people or

merchandise. Also exclude services. The U.S. Reporter’s merchandise

exports and imports may differ from the U.S. Reporter’s sales to, or

purchases from, foreign persons because sales and purchases may

include services while merchandise exports and imports include only

goods.

Exclude from exports and imports the value of goods that are

in-transit. In-transit goods are goods that are not processed or

consumed by residents in the intermediate country(ies) through which

they transit; the in-transit goods enter those countries only because

those countries are along the shipping lines between the exporting and

importing countries. In-transit imports are goods en route from one

foreign country to another via the United States (such as from Canada

to Mexico via the United states), and in-transit exports are goods en

route from one part of the United States to another part via a foreign

country (such as from Alaska to Washington State via Canada).

Timing — Only include goods actually shipped between the United

States and a foreign country during FY 1999 regardless of when the

goods were charged or consigned. For example, include goods

shipped by the U.S. Reporter to an affiliate in FY 1999 that were

charged or consigned in FY 2000, but exclude goods shipped to an

affiliate in FY 1998 that were charged or consigned to the affiliate in FY

1999.

Trade of the U.S. Reporter — Goods shipped by, or to, the U.S.

Reporter, whether or not actually charged or consigned by, or to, the

U.S. Reporter, are considered to be trade of the U.S. Reporter.

By (or to) whom goods were shipped — Shipment by, or to, an

entity refers to the physical movement of merchandise to or from the

U.S. customs area by, or to, that entity regardless of by, or to, whom

the merchandise was charged or consigned. Thus, for example, if the

U.S. Reporter charges goods to a foreign affiliate in France but ships

the goods to an unaffiliated foreigner in Switzerland, the goods are

considered U.S. merchandise exports by the U.S. Reporter to the

unaffiliated foreigner in Switzerland and should be recorded as such on

the U.S. Reporter’s Form BE-10A. Or if goods were charged by the U.S.

Reporter to an affiliate but shipped to the affiliate by another U.S.

person, the goods should be considered an export by "other U.S.

persons," not by the U.S. Reporter, and not reported on Form BE-10A.

Note — Merchandise shipped by an independent carrier or a freight

forwarder at the expense of an entity are shipments by that entity.

Valuation of exports and imports — Value U.S. merchandise

exports and imports f.a.s. (free alongside ship) at the port-ofexportation. This includes all costs incurred up to the point of loading

the goods aboard the export carrier at the U.S. or foreign port of

exportation, including the selling price at the interior point of shipment

(or cost if not sold), packaging costs, and inland freight and insurance.

It excludes all subsequent costs, such as loading costs, U.S. and

foreign import duties, and freight and insurance from the port of

exportation to the port of entry.

SPECIAL INSTRUCTIONS FOR DEALERS IN FINANCIAL

INSTRUMENTS, FINANCE COMPANIES, INSURANCE

COMPANIES AND REAL ESTATE COMPANIES

A.

1.

2. Real estate companies

Realized gains and losses

Include gains or losses from the sale of real estate in the

ordinary course of trade or business in items 27 and 37.

Impairment of Long-lived Assets

Include impairment losses, as defined by FASB 121, recognized

during the period in item 39.

Unrealized gains

Include gains recognized due to the revaluation of real estate

assets in item 71. Do not include these unrealized gains in item

39.

B.

1.

2.

a.

b.

c.

d.

e.

f.

g.

h.

i.

Certain realized and unrealized gains (losses) for dealers in

financial instruments and finance, insurance, and real estate

companies.

Dealers in financial instruments (including securities,

currencies, derivatives, and other financial instruments)

and finance and insurance companies — Include in item 39

(1) impairment losses, (2) realized gains or losses on trading or

dealing, and (3) unrealized gains or losses due to changes in the

valuation of financial instruments that flow through the income

statement. Do not include in item 39 unrealized gains or losses

due to changes in the valuation of financial instruments that are

taken directly to retained earnings. (Report income attributable

to fees or commissions in items 27 and 37.)

Gains or losses from the sale, disposition, or revaluation of land,

other property, plant and equipment, or other assets:

Special instructions for insurance companies

When there is a difference between the financial and operating

data reported to stockholders and the data reported in the annual

statement to an insurance department, prepare the BE-10 on the

same basis as the annual report to the stockholders. Valuation

should be according to normal commercial accounting

procedures, not at rates promulgated by national insurance

departments, i.e., include assets not acceptable for inclusion in

the annual statement to an insurance department. Include: 

1. non-trusteed or free account assets and 2. nonadmitted

assets, such as furniture and equipment, agents’ debit balances,

and all receivables deemed to be collectible. Include mandatory

securities valuation reserves that are appropriations of retained

earnings in the owners’ equity section of the balance sheet, not

in the liability section.

Instructions for reporting specific items

Current receivables (item 58) — Include current items such

as agents’ balances, uncollected premiums, amounts

recoverable from reinsurers, and other current notes and

accounts receivable (net of allowances for doubtful items)

arising from the ordinary course of business.

Current liabilities and long-term debt (items 67 and

68) — Include current items such as loss liabilities, policy

claims, commissions due, and other current liabilities arising

from the ordinary course of business, and long-term debt.

Include policy reserves in "Other noncurrent liabilities,"

unless they are clearly current liabilities.

Sales or gross operating revenues, excluding sales taxes

(item 37) — Include items such as earned premiums, annuity

considerations, gross investment income, and items of a

similar nature. Exclude income from equity investments in

unconsolidated business enterprises that is to be reported in

item 38 and exclude certain realized and unrealized gains or

losses that are to be reported in item 39.

Certain realized and unrealized gains (losses) (item 39)

See Special Instruction A.1.

Cost of goods sold or services rendered and selling,

general, and administrative expenses (item 42) — Include

costs relating to sales or gross operating revenues, such as

policy losses incurred, death benefits, matured endowments,

other policy benefits, increases in liabilities for future policy

benefits, and other underwriting expenses.

Expenditures for property, plant, and equipment (items

76, 77, and 78) — Include expenditures and all related

depreciation, depletion, and like charges WHEREVER

CLASSIFIED IN THE BALANCE SHEET (e.g., include

expenditures for PP&E that have been classified in "other

noncurrent assets").

Net book value of property, plant, and equipment (items

74 and 82) — Include the net book value of property, plant,

and equipment, WHEREVER CLASSIFIED IN THE BALANCE

SHEET. Therefore, the opening and closing net book values for

property, plant, and equipment will not necessarily reconcile

with their balance sheet counterpart (item 61).

Sales of services (item 49, column 1) — Include premium

income and income from other services, if any.

Investment income (item 50 column 1) — Report that

portion of sales or gross operating revenues that is investment

income. However, report any gains or (losses) on investments

in accordance with Special Instruction A.1. See instructions for

Part III, Section B item 50 on page 17 to determine the location

of the transactor of investment income.

295
BENCHMARK SURVEY OF U.S. DIRECT INVESTMENT ABROAD — 1

MAIL REPORTS TO:

U.S. Department of Commerce

Bureau of Economic Analysis

BE-69(A)

Washington, DC 20230

OR

DELIVER REPORTS TO:

U.S. Department of Commerce

Bureau of Economic Analysis

BE-69(A)

Shipping and Receiving, 

Section M-100

1441 L Street, NW

Washington, DC 20005

1. Name of U.S. Reporter of foreign affiliate — Same as item 1, Form BE-10A

2. Name of foreign affiliate being reported — Use the same name on all reports filed s

this affiliate with the Bureau of Economic Analysis, e.g., Forms BE-11 and BE-577.

IMPORTANT

Read the Instruction Booklet, which contains definitions and reporting requirements, before completing this form. "Additio

specific to line items and "Special" Instructions for dealers in financial instruments and finance, insurance, and real estate 

provided at the back of this form. For banks and bank holding companies, see the report forms for banks and the Instruction 

• Who must report — The U.S. Reporter must file Form BE-10B(LF) for each majority-owned nonbank foreign affiliate for 

sales or gross operating revenues, excluding sales taxes; OR net income after provision for foreign taxes was greater tha

(positive or negative) at any time during the affiliate’s 1999 fiscal year. See Instruction Booklet, Part I, for detailed reporti

NOTE — If the foreign affiliate is exempt from being reported on Form BE-10B(LF) and is not a bank, see the reportin

for Form BE-10B(SF) and BE-10A SUPPLEMENT A. The foreign affiliate must be reported on one of those forms.

• Foreign affiliate’s 1999 fiscal year — The foreign affiliate’s financial reporting year that has an ending date in calenda

Instruction Booklet, Part II.A.

Due date — A complete BE-10 report is due on the following dates:

May 31, 2000 for a U.S. Reporter required to file fewer than 50 Forms BE-10B(LF), BE-10B(SF), and/or BE-10B BANK;

•

June 30, 2000 for a U.S. Reporter required to file 50 or more Forms BE-10B(LF), BE-10B(SF), and/or BE-10B BANK.

Translation of foreign currency financial and operating data into U.S. dollars — Use U.S. generally accepted acco

(FASB 52). See Instruction Booklet, Part IV.B. •

Currency amounts — Report in U.S. dollars rounded to thousands (omitting 000). Do not

enter amounts in the shaded portions of each line. EXAMPLE – If amount is $1,334,891.00, report as •

Bil. Mil. T

If an item is between + or - $500.00, enter "0." Use parenthesis () to indicate negative numbers.

• Contact us for help — Telephone: 202–606–5566; FAX: 202–606–5312 or 5317; E-mail: be10/11@bea.doc.gov.

Part I — IDENTIFICATION OF FOREIGN AFFILIATE — See Additional Instructions for Part I on page 17 at the back 

3. Number of foreign affiliates consolidated in this report — Do not consolidate affiliates located in two different cou

Instruction Booklet, Part I.B.2.c.(1). If your answer to this question is 2 or more, you must complete Supplement B (pag

report. If this report is for a single foreign affiliate, enter "1" in the box.

1

2

1

1

1003

1004

Number

4. Does this foreign affiliate have a direct equity interest in other foreign affiliates, including branches of this a

not fully consolidated in this BE-10B(LF)? – Mark (X) one.

Yes — Item 42 and items 84 and/or 85 must have entries and Supplement A of this Form BE-10B(LF) mus

No

5. Form of organization of this foreign affiliate — Mark (X) one.

1005 Partnership 1 4 Other — Specify

6. Country of incorporation or organization of this foreign affiliate — Mark (X) one.

1006

1 1 Corporation 1 2 Branch 1 3

Australia

Brazil

Canada

France

Germany

Italy

Japan

Mexico

Switzerland

United Kingdom

Other — Specify

601 1

1

1

202

100

7.

Netherlands

Country of location — Country in which this foreign affiliate’s physical assets are located or where its primar

carried out — Mark (X) one.

8. This foreign affiliate’s financial books and records are kept in — Mark (X) one.

The currency of the country of the affiliate as given in item 7. (Foreign affiliates located in European Mon

countries should check this box if they keep their books in the currency of the country of the affiliate or in 

U.S. dollars

A foreign currency which is not that of the country of location of the affiliate as given in item 7

307 1

1

1

308

314

614 1

1

1

213

319

325 1

1

1

327

1007 Australia

Brazil

Canada

France

Germany

Italy

Japan

Mexico

Switzerland

United Kingdom

Other — Specify

601 1

1

1

202

100 Netherlands

307 1

1

1

308

314

614 1

1

1

213

319

325 1

1

1

327

1008

Month 

9. The ending date of this foreign affiliate’s 1999 fiscal year.

1009

1

1

2

3

1

1

1 1
FORM BE-10B(LF) (REV. 7/99) Page 2

from a foreign person?

Acquire a voting interest of 10 percent or more in this affiliate from a 

U.S. person? — Give name and address of U.S. person.





3

2

1 2 Yes, and this is its final report —

If "Yes," was the affiliate — Mark (X) one

4 2

Merged or reorganized?

5 2 Sold:

to a foreign person?

Liquidated?

Seized?

2

2

2

6

7

8

to a U.S. person? — Give name and address of U.S. person.

Enter

date







Enter

date

1 3 No

Was there a change in the entity due to mergers, acquisitions, divestitures, etc., or a change in accounting p

FY 1999 that caused FY 1998 data to be restated? Mark (X) one.

11.

Yes — 1 1 Report all close FY 1998 data before restatement, unless otherwise specified. Enter the effect of t

on property, plant, and equipment accounts in item 103.

No 1 2

1011

U.S. Reporter named in item 1 — Report equity interest and voting

interest.

DIRECT OWNERSHIP IN THIS FOREIGN AFFILIATE — Enter percent

of ownership, to a tenth of one percent, based on total voting stock, as

applicable, if an incorporated affiliate, or an equivalent interest if an

unincorporated affiliate, held directly by

Percent of ownership at close o

1999 1998

(1) (2)

1012

1

.% 

3

20. Identification of foreign affiliate parent(s) — If there is an entry in item 13, column (3) or column (4) — Enter below,

the name(s) and percent(s) of ownership of each foreign affiliate of the U.S. Reporter named in item 1 holding a direct

ownership interest in this foreign affiliate. Also, for each foreign affiliate in column (a) that is below the first tier in its ownership chain, enter in column (d) the name of the foreign affiliate that holds a direct ownership interest in it.

Other foreign affiliate(s) of U.S. Reporter named in Item 1 — If entry is made here, complete

items 19 and 20.

Other U.S. Reporter(s) of this foreign affiliate — If entry is made here, item 21 must be "Yes."

Foreign affiliate(s) of other U.S. Reporter(s) — If entry is made here, item 21 must be "Yes."

Other U.S. persons

13.

14.

15.

16.

Other foreign persons

TOTAL OF DIRECTLY HELD VOTING OWNERSHIP INTERESTS —

Sum of items 12 through 17

17.

18.

19. INDIRECT OWNERSHIP IN THIS FOREIGN AFFILIATE — If there is an entry in item 13, enter U.S.

Reporter’s percent of indirect ownership in this affiliate. See Instruction Booklet, Part I.A.2., for

instructions on how to complete indirect ownership percentages.

1013

1016

1014

1015

1017

3

100.

(3) 

1999 

. %

2 

.

.

.

.

.

.

3 

3 

3 

3 

3 

Equity interest V

12.

1019 .

1018

Foreign affiliate holding direct ownership interest in this foreign affiliate

Name and ID Number

Enter name and BEA ID Number of foreign

affiliate(s) holding a direct ownership interest

in this foreign affiliate.

(a) (b) (c) 

Percent direct ownership in

this foreign affiliate 

Close FY 1999 Close FY 1998

Name of for

any, in ow

that holds d

foreign affi

colu

1191 . % . %

1 23

1192

1 23

1193

1 2

2

1020

a.

b.

c.

TOTAL — Must equal percentages entered in Item 13

BEA

USE

ONLY

. % . %

. % . %

. % . %

3

3

Month 

3

3 

d.
FORM BE-10B(LF) (REV. 7/99) Page 3

No  Skip to item 28 

22.If the answer to item 21 is "Yes," and the U.S. Reporter named in item 1 is submitting the Parts II and IV data (i.e., the

"complete" report) for this foreign affiliate — Give name(s) and mailing address(es) of the other U.S. Reporter(s) who

is(are) not submitting the data.

Name Mailing address

23. If the answer to item 21 is "Yes," and if the U.S. Reporter named in item 1 is not submitting the Parts II and IV data (i.e., 

submitting a "partial" report) for this foreign affiliate — Give name and mailing address of U.S. Reporter who is submitti

the data.

24.

25.

BEA USE

ONLY

1024

1025

12 3 4 5

BEA USE 12 3 4 5

ONLY

12 3 4 5

12 3 4 5

26. BEA USE

ONLY

27. BEA USE

ONLY

1026

1027

1 1028 1

1 2

29.

28. Major activity of foreign affiliate — Mark (X) one

A list, and explanation, of the International Surveys Industry (ISI) codes used below are given in the Guide to Industry 

Foreign Trade Classifications for International Surveys. A list of ISI codes is also provided on pages 20 and 21 of t

an inactive foreign affiliate, base the activity on its last active period. For "start-up" companies, show the intended activit

Production of goods — The foreign affiliate is primarily engaged in construction, mining or extracting 

exploration and development), manufacturing, fabricating, assembling, processing, or growing a good. 

activities are coded in 1110 through 1140, 2111 through 2127, 2330 through 2350, and 3111 through 339

ISI codes.

Sales of goods — The foreign affiliate is primarily engaged in selling (at wholesale or retail) goods tha

produce. These activities are coded in 4211 through 4540 of the list of ISI codes.

Services — The foreign affiliate is primarily engaged in providing a service such as utilities, transportat

warehousing; information (including newspaper, periodical, book, and database publishers, and softwar

finance and insurance; professional, scientific, and technical services; holding companies; administrative 

waste management and remediation; accommodations and food services (including restaurants, and ea

These activities are coded in 1150, 2132, 2133, 2211 through 2213, and 4810 through 8130 of the list of I

1 3

What is the MAJOR product or service involved in this activity? If a product, briefly state what is done to it, i.e., w

mined, manufactured, sold at wholesale, packaged, transported, etc. (For example, "Manufacture widgets to sell at whol

Please print or typewrite.

1029

30.

BEA USE

ONLY

1039

1040

31.

32.

33.

34.

35.

38.

Largest sales or gross operating revenues

2nd largest sales or gross operating revenues

3rd largest sales or gross operating revenues

4th largest sales or gross operating revenues

5th largest sales or gross operating revenues

6th largest sales or gross operating revenues

TOTAL SALES OR GROSS OPERATING REVENUES — Sum of 

items 30 through 37 (Must equal item 41 and also item 52, column (1).)

1031

1032

1033

1034

1035

1038

ISI code

(1)

op

Bil. 

1 2

$

1 2

1 2

1 2

1 2

2

$

2

BEA USE

ONLY

39.

40.

36. 7th largest sales or gross operating revenues

37. Sales or gross operating revenues not accounted for above

1036

1037

1

1

2

2

Sales or gross operating revenues of foreign affiliate, by industry of sales or

gross operating revenues. Enter in columns (1) and (2) respectively, the 4-digit ISI

code(s) and the amount of sales or gross operating revenues associated with each

code. For an inactive affiliate enter an ISI code based on its last active period. See

the Guide to Industry and Foreign Trade Classifications for International

Surveys for a full explanation of each code. (Holding companies (ISI code 5512)

must show total income as reported in item 46.)

1 2 34 5

1 2 34 5

1030
FORM BE-10B(LF) (REV. 7/99) Page 4

42.

43.

44.

Income from equity investments in foreign affiliates — For foreign affiliates owned 20

percent or more (including those that are majority-owned), report equity in earnings during the

reporting period; for those owned less than 20 percent, report dividends. Do not include interest

income.

Income from other equity investments

Certain realized and unrealized gains (losses) — Include gains (losses) net of income tax effects

resulting from:

a. Sale, disposition, or revaluation of investment securities (Dealers in financial instruments and

finance and insurance companies see Special Instructions, A.1., page 20);

Sale, disposition, or revaluation of land, other property, plant and equipment, or other assets.

(Real estate companies see Special Instructions, A.2., page 20);

Remeasurement of the foreign affiliate’s foreign-currency-denominated assets and liabilities due

to changes in foreign exchange rates during the period and transaction gains (losses) taken to

income in accordance with FASB 52;

Extraordinary items (except those resulting from legal judgments and accidental damage to fixed

assets) and other unusual or infrequently occurring items.

Cost of goods sold or services rendered and selling, general, and administrative 

expenses — (Insurance companies see Special Instructions, B.3.e., page 20.)

Foreign income taxes — Provision for foreign income taxes for FY 1999

Other costs and expenses not included above, including minority interests in income (loss)

that arise out of consolidation — Specify

TOTAL COSTS AND EXPENSES — Sum of items 47 through 49

b.

c.

d.

• NET INCOME

47.

48.

49.

50.

51. NET INCOME (LOSS) — Item 46 minus item 50

• COSTS AND EXPENSES

45.

46.

Other income —Specify

TOTAL INCOME — Sum of items 41 through 45

2042

2043

2044

2045

2046

2047

2048

2049

2050

2051

$

1

1

$

1

1

1

1

1

1

1

$

 Section B — Distribution of Sales or Gross Operating Revenues — See Additional Instructions for Part II, Section B, 

the back of this form.

Distribute the foreign affiliate’s sales or gross operating revenues among three categories – sales of goods, sales of service

investment income. For the purpose of this distribution, "goods" are economic outputs that are tangible and "services" are 

intangible. Sales of goods are usually associated with industry codes 1110 through 1140, 2111 through 2127, and 2330 thro

Report sales of structures as goods when sold by a real estate firm (code 5310). Sales of services are usually associated w

codes 1150, 2132 through 2213, and 4810 through 8130. Some companies such as finance and insurance companies (indus

5224, 5231 through 5252, and 5331) include services (e.g., commissions and premiums) and investment income (e.g., inter

dividends) in gross operating revenues. Allocate sales in these industries between their services and investment income co

lines 54 and 55. The disaggregation of sales by industry in this section should be consistent with that used in items 30 thro

(Insurance companies also see Special Instructions, B.3.h. and i., page 20.)

52. Sales or 

gross

operating

revenues,

excluding

sales taxes

a. Column (1)

equals item

38 column

(2) and also

item 41.

b. Each column of line

52 equals

the sum of

items 53, 54

and 55.

2052

2053

2054

2055

TOTAL

Column (1) equals

the sum of

columns (2)

through (7)

Bil. Mil. Thous. Dols.

$

• BY TYPE

To other

foreign

affiliates of

the U.S.

Reporter(s)

(2)

$

To

unaffiliated

customers

(3)

$

To U.S.

Reporter(s)

(5)

$$

Investment 

income

1

(4) (6)

To

unaffiliated

customers

To other

foreign

affiliates of

the U.S.

Reporter(s)

Local sales Sales to Sales to U.S.

Sales of 

goods

Sales of

services

$ 

53.

54.

55.

(1)

23 4 5 6 

1 23 4 5 6 

1 23 4 5 6 

1 23 4 5 6 
FORM BE-10B(LF) (REV. 7/99) Page 5

56. 2056

57.

58.

59.

60.

61.

62.

63.

64.

Canada

European Union*, excluding the United Kingdom

United Kingdom

Other Europe

Latin America and Other Western Hemisphere

Africa

Middle East

Japan

Other Asia and Pacific

2060

1

1

1

1

1

1

1

1

1

2057

2058

2059

2061

2062

2063

2064

2

2

2

2

2

2

2

2

2

Includes Austria, Belgium, Denmark, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, Netherlands, Port

Sweden, and the United Kingdom. Report the United Kingdom in item 58 and not in item 57. *

65. BEA USE 

ONLY

12345

 Section C — Number of Employees and Employee Compensation — See Additional Instructions for Part II, Section C

the back of this form.

66.

NUMBER OF EMPLOYEES — Employees on the payroll at the end of FY 1999 including part-time employees, but excludi

and contract employees not included on your payroll records. A count taken at some other date during the reporting perio

given provided it is a reasonable estimate of employees on the payroll at the end of FY 1999. If the number of employees a

FY 1999 (or when the count was taken) was unusually high or low due to temporary factors (e.g., a strike), enter the numbe

employees that reflects normal operations. If the number of employees fluctuates widely during the year due to seasonal b

variations, report the average number of employees on the payroll during FY 1999. Base such an average on the number o

on the payroll at the end of each pay period, month or quarter. If precise figures are not available, give your best estimate.

EMPLOYEE COMPENSATION — Expenditures made by an employer in connection with the employment of

workers, including cash payments, payments-in-kind, and employer expenditures for employee benefit plans

including those required by statute. Base compensation data on payroll records. Report compensation which

relates to activities that occurred during the reporting period regardless of whether the activities were charged

as an expense on the income statement, charged to inventories, or capitalized. DO NOT include data related to

activities of a prior period, such as those capitalized or charged to inventories in prior periods.

67.

68.

69.

70.

71.

2066

1

All other employees

TOTAL NUMBER OF EMPLOYEES — Sum of items 66 and 67*

Number of employees in item 68 who are U.S. citizens

Research and development employees — Employees engaged in R&D, including managers,

scientists, engineers, and other professional and technical employees

2070

• NUMBER OF EMPLOYEES

• EMPLOYEE COMPENSATION

Wages and salaries — Employees’ gross earnings (before payroll deductions), and direct and in-kind

payments by the employer to employees

Employee benefit plans — Employer expenditures for all employee benefits plans

Bil. 

$

1

TOTAL EMPLOYEE COMPENSATION — Sum of items 70 and 71*

TOTAL COMPENSATION OF PRODUCTION WORKERS — Wages and salaries and employer

expenditures for employee benefit plans for production workers reported in item 73.

2067

2068

2069

1

1

1

2071

1

$

Complete items 73, 74, and 75 only if the foreign affiliate has manufacturing activities, i.e., has at least

one manufacturing code (ISI codes 3111–3399) entered in items 30 through 36 above. If more than one

manufacturing code is shown, include data for production workers in all manufacturing activities

combined.

72.

73. Number of production workers engaged in manufacturing activities

• EMPLOYMENT OF PRODUCTION WORKERS ENGAGED IN MANUFACTURING ACTIVITIES

2073

2072

1

1

74. Hours worked by production workers in item 73

75.

2074

2075

1

* NOTE — If total number of employees, item 68, or total employee compensation, item 72, is zero — Explain

2065

1

$

Bil. 

Bil. Mil. Thous. Dols. Bil. 

(7), respectively.

$
FORM BE-10B(LF) (REV. 7/99) Page 6

76.

Cash items

• ASSETS (Insurance companies see Special Instructions, B.3.a., page 20)

1 2

2076 $ $

Trade accounts and trade notes receivable, current — Net of allowance

for doubtful items

Other current receivables — Net of allowance for doubtful items

Inventories

Other current assets, including land held for resale and current

marketable securities

77.

78.

79.

80.

Land and other property, plant, and equipment

Land

Other property, plant, and equipment — Gross

Accumulated depreciation and depletion

Equity investments in other foreign affiliates of which this affiliate is a

parent — Report on an equity basis foreign affiliates owned 20 percent and

more (including majority-owned affiliates). Report at cost those owned less

than 20 percent.

That portion reported using the equity method

81.

82.

83.

84.

85. That portion reported using the cost method

Other equity investments and noncurrent marketable securities,

receivables and other investments

Other noncurrent assets — Other noncurrent assets not reported elsewhere

TOTAL ASSETS — Sum of items 76 through 87

86.

87.

88.

• LIABILITIES (Insurance companies see Special instructions, B.3.b., page 20)

Trade accounts and trade notes payable, current

Other current liabilities and long-term debt

Other noncurrent liabilities

TOTAL LIABILITIES — Sum of items 89 through 91

89.

90.

91.

92.

• OWNERS’ EQUITY — INCORPORATED AFFILIATE ONLY, complete items 93

through 97

Capital stock and additional paid-in capital

Retained earnings (deficit)

Translation adjustment — Cumulative amount at year end (per FASB 52)

Other — Include involuntarily (or legally) restricted earnings — Specify

93.

94.

95.

96.

TOTAL OWNERS’ EQUITY (INCORPORATED FOREIGN AFFILIATE) —

Equals item 88 minus item 92 and, equals the sum of items 93 

through 96.

97.

• OWNERS’ EQUITY — UNINCORPORATED AFFILIATE ONLY, complete items

98 and 99

TOTAL OWNERS’ EQUITY (UNINCORPORATED FOREIGN AFFILIATE) —

Equals item 88 minus item 92.

98.

Translation adjustment — Cumulative amount at year end (per FASB 52) —

That portion of item 98 representing the affiliate’s cumulative translation

adjustment account.

99.

2078

2079

2080

2077

2081

2082

2083

2084

2085

2086

2087

2088

2089

2090

2091

2092

2093

2094

2095

2096

2097

2098

2099

1 2

1 2

1 2

1 2

1 2

1 2

1 2

1 2

1 2

1 2

1 2

1 2

1 2

1 2

1 2

1 2

1 2

1 2

1 2

1 2

1 2

1 2

1 2

$ $

$ $

$ $

$ $

( )( 

 Section E — Composition of External Finances of Foreign Affiliate — Entries in column (2) must equal certain items 

follows: item 100 column (2) must equal item 148 column (1); item 101 column (2) must equal item 147 column (1).

100.

• CLOSE FY 1999 TOTAL

Equals sum of

columns (2)

to (5)

With U.S.

Reporter(s) of this

affiliate

With other U.S.

persons

With persons in

this affiliate’s

country of location

(1) (2)

Bil. Mil. Thous. Dols.

1 2

$

34

Current and noncurrent

receivables and financial

investments — Column (1)

equals the sum of items 77,

78, 86, and that part of item

80, column (1), that is

marketable securities.

101. Current liabilities and

long-term debt —

Column (1) equals the

sum of items 89 and 90,

column (1).

(3) (4) 

1 234

$

2100

2101

Bil. Mil. Thous. Bil. Mil. Thous. Bil. Mil. Thous. 
FORM BE-10B(LF) (REV. 7/99) Page 7

p, ypg, 

• BALANCE, CLOSE FY 1998 (Insurance companies see Special Instructions, B.3.g., page 20.)

Net book value of PP&E at close FY 1998 — The close FY 1998 value, before restatement due to

change in the entity or accounting principles. Equals the sum of items 81, 82, and 83, column (2)

102.

• CHANGES DURING FY 1999

Restatement due to change in entity or accounting principles — If the answer to item 11 was "Yes,"

give amount by which the net book value of item 102 would be restated due to a change in the entity or

accounting principles. If a decrease, put amount in parentheses. Report gains (losses) resulting from the

sale or disposition of subsidiaries of the affiliate and from the revaluation of assets (whether or not 

realized) in items 44 or 117 as appropriate.

103.

Expenditure by the foreign affiliate for: (Insurance companies see Special Instruction, B.3.f. on page 20.)

Land and mineral rights, including timber — Include expenditures for land and capitalized expenditures

for mineral and timber rights. Exclude other capitalized expenditures for the exploration and development

of natural resources and expenditures for land held for resale.

PP&E other than land, mineral and timber rights. (Report changes due to

mergers and acquisitions in item 103 not in item 106 or 107.)

105.

If it is burdensome to exclude all used plant, equipment, etc., from new, then include

minor used items in item 106, and include only major used items in item 107.

106. 106.

107.

2105

2106

2102

2103

2104

1

$

New 

107. Used

108.

109.

110.

Depreciation

Depletion

Other increases (decreases) — Specify

• BALANCE, CLOSE FY 1999 (Insurance companies see Special Instructions, B.3.g., page 20.)

• ADDENDUM

Net book value of PP&E at close FY 1999 — Equals sum of items 102 through 110; must also equal the

sum of items 81, 82 and 83 column (1).

2107

2108

2109

2110

Petroleum and mining exploration and development expenditures charged against income

including expenditures charged against income to acquire or lease mineral rights — Do not include

expenditures capitalized in prior years that are reclassified as expensed in the current year; such

expenditures are considered to be expenditures only in the year when initially expended.

111. 2111

 Section G — Change in Retained Earnings of Incorporated Foreign Affiliate or in Total Owners’ Equity of

Unincorporated Foreign Affiliate

Balance, close FY 1998

Incorporated affiliate — Enter amount from item 94, column (2).

Unincorporated affiliate — Enter amount from item 98, column (2).

Dividends or net income remitted to owners

Incorporated affiliate — Enter amount of dividends declared, before deduction of withholding taxes, out of

current- and prior-period income on common and preferred stock. Exclude stock

and liquidating dividends.

Unincorporated affiliate — Enter amount of current- and prior-period net income remitted to owners during

FY 1999.

1 113.

2113

112.

BEA USE

ONLY

114. Net income (loss) — Enter amount from item 51.

115.

Stock dividends

Certain unrealized gains (losses) not included in the determination of net income — Enter net

unrealized gains (losses) not included in the determination of net income and, therefore, excluded from

item 44 that were taken directly to retained earnings for an incorporated affiliate, or to owners’ equity for

an unincorporated affiliate. Report amount net of income tax effects, if any, on the gains (losses) —

Specify

117.

116.

Other increases (decreases) — Enter other increases (decreases) in retained earnings of an incorporated

affiliate, including liquidating dividends, or in total owners’ equity of an unincorporated affiliate, including

capital contributions (return of capital) — Specify

118.

119. Balance, close FY 1999 — Sum of items 113, 114, 117, and 118, minus 115 and 116. Also, for an

incorporated affiliate, this item equals item 94, column (1). For an unincorporated affiliate, this item equals

item 98, column (1).

Bil. 

1 2345

1

1

1

1

1

1

1

1

1

2114

2115

2116

2117

2118

2119

1

1

1

1

1

1

$

( 

( 

2139

$

104. Net book value of transfers in from the U.S. Reporter or other foreign affiliates of U.S. Reporter

2112

1

Remarks
FORM BE-10B(LF) (REV. 7/99) Page 8

• RESEARCH AND DEVELOPMENT (R&D) EXPENDITURES — Include all costs incurred in

performing R&D, including depreciation, amortization, wages and salaries, taxes, materials and

supplies, allocated overhead, and indirect costs.

121.

Interest paid  Interest paid, or credited, to all payees by the affiliate, gross of tax withheld. Do not net

against interest received, item 120.

Production royalty payments to foreign governments for natural resources, total — Report

amounts paid or accrued for the year to foreign governments, their subdivisions and agencies. Include

payments in kind at market value.

122.

2121

2122

1

Sales, value added, consumption, and excise taxes collected by the affiliate on goods and

services that the affiliate sold;

Subsidies received — Monetary grants received from governments. Include all grants received from

governments and quasi-governments that are not payments for property, goods, or services

purchased, whether these receipts are reflected in current income, or used for investments in, or to

cover losses of, property, plant, and equipment.

Taxes (other than income and payroll taxes) and nontax payments (other than production

royalty payments) — Report all such taxes and nontax payments whether or not included in

revenues or expenses in the income statement. Include amounts paid or accrued for the year, net of

refunds or credits, to foreign governments, their subdivision and agencies for —

a.

Property taxes and other taxes on the value of assets or capital;

Any remaining taxes (other than income or payroll taxes); and

Import and export duties, license fees, fines, penalties, and all other payments or accruals of

nontax liabilities (other than production royalty payments).

b.

c.

d.

123.

124.

2123

2124

BEA USE ONLY 2125

125.

1

1

1

 Section I — Technology — See Additional Instructions for Part II, Section I, on page 18 at the back of this form.

NOTE — Items 126 through 128 pertain to R&D performed by the foreign affiliate, including R&D performed by

the affiliate for others under contract. This is the basis on which National Science Foundation surveys request

information on R&D. The FASB 2 measure of R&D (i.e., R&D from which the firm benefits) is the sum of items 127

and 129. 1

Bil. 

126. R&D performed BY the affiliate, total — Sum of items 127 and 128 $

127. For the foreign affiliate’s own account

128. For others (including U.S. parents) under contract

129. R&D performed FOR the affiliate by others (including the U.S. parent) on a contractual basis

• ROYALTIES, LICENSE FEES, AND OTHER FEES FOR THE USE, SALE, OR PURCHASE OF

INTANGIBLE PROPERTY

Receipts — Include royalties, license fees, and other amounts received by or credited to this affiliate for the

use or sale of intangible property.

130. Total Receipts — Sum of items 131, 132, and 133

131. Received from or credited by U.S. persons other than the U.S. Reporter(s) of this affiliate

132. Received from or credited by other foreign affiliate(s) of the U.S. Reporter(s) of this affiliate

133. Received from or credited by other foreign persons

2126

2127

2128

2129

2130

2131

2132

2133

Total Payments — Sum of items 135, 136, and 137

Payments — Include royalties, license fees, and other amounts paid or credited by this affiliate for the use or

purchase of intangible property.

134.

1

1

1

1

1

1

1

135. Paid or credited to U.S. persons other than the U.S. Reporter(s) of this affiliate

136. Paid or credited to other foreign affiliate(s) of the U.S. Reporter(s) of this affiliate

137. Paid or credited to other foreign persons

2134

2135

2136

2137

1

1

1

1

138. BEA USE

ONLY 2138

Remarks

1 2 3 4 5

$

$
FORM BE-10B(LF) (REV. 7/99) Page 9

 Section A — U.S. Reporter’s Equity in Foreign Affiliate’s Net Income, Certain Realized and

Unrealized Gains (Losses), and Dividends or Distributed Earnings — See Additional Instructions for 

Part III, Section A, on page 18 at the back of this form.

For items 141 and 142: certain realized and unrealized gains (losses) (excluding translation

adjustments) after foreign income taxes

1

Bil. 

$

140. Net income (loss) after provision for foreign income taxes — Enter U.S. Reporter’s share of net

income (loss), item 51. 3140

3141

3142

1

149. BEA USE ONLY

Remarks

2 3 4

Yes — Complete items 140 through 164 of Part III and then continue with item 172 of Part IV.

No — Complete only items 147, 148 and 160 through 164 of Part III and then continue with item 172 o

Enter the amounts which represent the U.S. Reporter’s equity, based on its directly held equity interest. Thus if

the U.S. Reporter holds both a direct and indirect equity interest, enter the amounts which represent only the

directly held equity interest.

141. Included in item 140. U.S. Reporter’s share of item 44

Not included in item 140, but taken directly to retained earnings for an incorporated affiliate, or to

owners’ equity for an unincorporated affiliate. U.S. Reporter’s share of item 117.

142. 1

Dividends on common and preferred stock of incorporated foreign affiliate (exclude stock and

liquidating dividends) or distributed earnings of unincorporated foreign affiliate — Gross

amount

143.

144. Tax withheld on dividends or distributed earnings in item 143

3143

3144

Dividends on common and preferred stock of incorporated foreign affiliate or distributed

earnings of unincorporated foreign affiliate — Net amount (item 143 minus item 144)

145. 3145

1

1

1

3146

146. BEA USE

ONLY

1

 Section B — Debt and Other Intercompany Balances Between Foreign Affiliate and U.S. Reporter —

See Additional Instructions for Part III, Section B, on page 18 at the back of this form.

Include current and long-term items, indebtedness resulting from a capital lease, and the net book value of equipment und

operating lease.

147.

148.

B

According to books of foreign affiliate According to books 

(1) (2) (3) 

Close FY 1999 Close FY 1998

(unrestated) Close FY 1999 

Bil. Mil. Thous. Dols. Bil. Mil. Thous. Dols. Bil. Mil. Thous. Dols.

3147

Owed to U.S. Reporter by the

affiliate — That portion of items 89 and

90 representing amounts owed to U.S.

Reporter

Owed to affiliate by the U.S.

Reporter — That portion of items 77, 78

and 86 representing amounts due from

U.S. Reporter 3148

1

3149

1 2 3 4

1 2 3 4

$$$$

1

2

1

1

3139
FORM BE-10B(LF) (REV. 7/99) Page 10

1

Bil. 

$

150. Establishment of affiliate or acquisition (partial or total) of equity interest in this affiliate by

U.S. Reporter either from this affiliate or from other foreign persons 3150

• INCREASE IN U.S. REPORTER’S EQUITY INTEREST IN THIS AFFILIATE

Capital contributions and other transactions of the U.S. Reporter with foreign persons that

increase equity in this affiliate — Specify

151.

3151

3152

152. Acquisition (partial or total) of equity interest in this affiliate by U.S. Reporter from other U.S.

persons

• DECREASE IN U.S. REPORTER’S EQUITY INTEREST IN THIS AFFILIATE

Liquidation of affiliate or sale (partial or total) of equity interest in this affiliate by the U.S.

Reporter either to this affiliate or to other foreign persons

153. 3153

Return of capital contributions to the U.S. Reporter and other transactions of the U.S. Reporter

with foreign persons that decrease equity in this affiliate — Specify

154.

155. Sale (partial or total) of equity interest in this affiliate by U.S. Reporter to other U.S. persons

3154

3155

156. TOTAL — Equals sum of items 150, 151, and 152, minus sum of items 153, 154 and 155 3156 $

1

2

Bil. 

$

Bil. Mil. Thous. Dols.

(1) 

For acquisition Fo

• For items 150 through 155, enter the amounts by which the transaction value —

157. Exceeds the value carried on the books of the affiliate

158. Is less than the value carried on the books of the affiliate

1

$

1 2

1 2

159. BEA USE ONLY

 Section D — Receipts and Payments Between

the U.S. Reporter and Foreign Affiliate — See

Additional Instructions for Part III, Section D, on 

page 19 at the back of this form.

Report these items based on the books of the U.S.

Reporter. Enter amounts received, paid, or entered 

into intercompany accounts, whichever occurred first.

Receipts by U.S. Reporter from foreign

affiliate

Payments by U.S. R

affilia

Net of foreign

tax withheld

Foreign tax

withheld

Net of U.S. tax

withheld 

(1) (2) (3) 

BBil. Mil. Thous. Dols.

3

$

3

Bil. Mil. Thous. Dols.

2

$

2

Bil. Mil. Thous. Dols.

1

$

1

160. Interest on amounts reported in items

147 and 148, including interest on

capital leases

161. Royalties, license fees, and other fees for

the use or sale of intangible property

162. Charges for use of tangible property —

Report film and television tape rentals in 

item 163.

163. Film and television tape rentals

164. Allocated expenses and sales of services — Sum of items a through f below

By type — See the Additional Instructions, page 19, at the back of this form for an explanation of how to report each type of service

Insurance services — To avoid duplication 

with other BEA surveys, report only receipts or

payments between a foreign insurance affiliate

and those parts of the fully consolidated U.S.

Reporter that are not insurance companies 

(i.e., not in ISI codes 5243 or 5249).

b. Financial services

c. Transportation

d. Computer and information services

e. Communication services

165.—171. BEA USE ONLY

Other services — Such as management,

professional, technical, or other services —

Specify primary type(s) of service(s) 

performed.

1 2 3 

1 2 3 

1 2 3 

1 2 3 

1 2 3 

1 2 3 

1 2 3 

1 2 3 

1 2 3 

1 2 3 

3157

3158

3159

3160

3161

3162

3163

3164

3165

3166

3167

3168

3169

3170

3171

1

1

1

1

1

a.

f.
173.

FORM BE-10B(LF) (REV. 7/99) Page 11

"Shipped" basis

 Section A — U.S. MERCHANDISE EXPORTS TO

THIS FOREIGN AFFILIATE (Valued f.a.s. U.S. port) TOTAL Shipped by U.S.

Reporter(s)

(1) (2) 

Bil. Mil. Thous. Dols. BBil. Mil. Thous. Dols.

2

$

2

1

$

1

1 2 

4173

4175

4174

shipped to or from) the United States, even if they were charged to the foreign affiliate by, or charged by the foreign affilia

person.

Foreign affiliates normally keep their accounting records on a "charged" basis, i.e., on the basis of when and to (or by) who

were charged. The "charged" basis may be used if there is no material difference between it and the "shipped" basis. If the

difference, the "shipped" basis must be used or adjustments made to the data on a "charged" basis to approximate a "ship

"Charged" basis without adjustments, because there is no material difference between the "charged" and "

bases.

"Charged" basis with adjustments to correct for material differences between the "charged" and "shipped" 

4172 1 1

1 2

1 3

Total goods shipped in FY 1999 from the U.S. to this affiliate

a. Sum of items 174 through 183 must equal item 173, and

b. Sum of items 184 through 187 must also equal item 173.

BY PRODUCT 

174. Food, live animals, beverages, and tobacco (SITC 0 and 1)

1 2 

1 2 

1 2 

4176

4177

175. Crude materials, inedible, except fuels (SITC 2)

176. Mineral fuels, lubricants and related materials (SITC 3)

177. Chemicals and related products (SITC 5)

1 2 

4178

1 2 

4179

178. Industrial machinery and equipment (SITC 71–74)

179. Office machines and automatic data processing machines

(SITC 75)

1 2 

4180

180. Telecommunications, sound equipment, and other electrical

machinery and parts (SITC 76 AND 77)

Road vehicles (including air-cushion vehicles) and parts

(SITC 78) — Include all parts that are shipped with the vehicles.

Parts that are shipped separately may be in this or another

classification.*

181.

1 2 

4181

Other transport equipment (SITC 79) — Include all parts that

are shipped with the vehicles. Parts that are shipped separately

may be in this or another classification.*

182.

1 2 

4182

Other products (SITC 4, 6, 8, and 9) — Specify all entries

greater than $10 million.

183.

1 2 

4184

BY INTENDED USE

Capital equipment and other goods charged to fixed asset

accounts — Item 106 or item 107 must have an entry.

184.

1 2 

4185

Goods intended for further processing, assembly, or

manufacture by this affiliate before resale to others

185.

1 2 

4183

1 2 

4186

Goods for resale without further processing, assembly, or

manufacture by affiliate

186.

187. Other — Specify

4187

* Some parts that are shipped separately are included in items 181 and 182; however, others are included in product c

appropriate to the type of part based, not on the part’s end-use, but rather on the main type of material from which 

or its general function. Major examples of such parts are gasoline and diesel engines (include in item 178); air condi

motor vehicles (item 178); lamps, batteries, and electrical parts for engines (item 180); and tires and tubes (item 183

complete information, see the Guide to Industry and Foreign Trade Classifications for International Surveys

Remarks

172. On what basis were the trade data in the section prepared? — Mark (X) one.

See the classifications in the "Foreign Trade Classifications"

starting on page 50 of the Guide to Industry and Foreign Trade

Classifications for International Surveys, which are to be used

in classifying U.S. merchandise exports and imports.
FORM BE-10B(LF) (REV. 7/99) Page 12

$

2

$

1

1 2 

4188

4190

4189

affiliate — Equals the sum of items 189 through 198.

BY PRODUCT — See the classifications in the "Foreign Trade

Classifications" starting on page 50 of the Guide to Industry and

Foreign Trade Classifications for International Surveys, which are to be used in classifying U.S. merchandise exports and

imports.

189. Food, live animals, beverages, and tobacco (SITC 0 and 1)

1 2 

1 2 

1 2 

4191

4192

190. Crude materials, inedible, except fuels (SITC 2)

191. Mineral fuels, lubricants and related materials (SITC 3)

192. Chemicals and related products (SITC 5)

1 2 

4193

1 2 

4194

193. Industrial machinery and equipment (SITC 71–74)

194. Office machines and automatic data processing machines

(SITC 75)

1 2 

4195

195. Telecommunications, sound equipment, and other electrical

machinery and parts (SITC 76 AND 77)

Road vehicles (including air-cushion vehicles) and parts

(SITC 78) — Include all parts that are shipped with the vehicles.

Parts that are shipped separately may be in this or another

classification.*

196.

1 2 

4196

Other transport equipment (SITC 79) — Include all parts that

are shipped with the vehicles. Parts that are shipped separately

may be in this or another classification.*

197.

4197

Other products (SITC 4, 6, 8, and 9) — Specify all entries

greater than $10 million.

198. 1 2 

4198

* Some parts that are shipped separately are included in items 196 and 197; however, others are included in product c

appropriate to the type of part based, not on the part’s end-use, but rather on the main type of material from which 

or its general function. Major examples of such parts are gasoline and diesel engines (include in item 193); air condi

motor vehicles (item 193); lamps, batteries, and electrical parts for engines (item 195); and tires and tubes (item 198

complete information, see the Guide to Industry and Foreign Trade Classifications for International Surveys

Remarks

199. BEA USE

ONLY 4199

1 2345
5002

5003500450055006500750085009501050115012

Close FY 

Per

(4)

owne

affiliate 

held by 

named 

(Ente

n

. . . . . . . . . . 

(2) (3) (1)

Affiliate identification number

taken from the preprinted

Form BE-10B(LF) or

BE-10B(SF), if provided, of

each foreign affiliate listed in

column (1)

BEA USE ONLY Name of each foreign affiliate, as taken from item 2 of the Form BE-10B(LF) or BE-10B(SF) for that affiliate, in which a direct equity interest is held

FORM BE-10B(LF) Supplement A (7/99) U.S. DEPARTMENT OF COMMERCE BUREAU OF ECONOMIC ANALYSIS

LIST OF ALL FOREIGN AFFILIATES IN WHICH THE REPORTING FOREIGN

AFFILIATE (AS CONSOLIDATED) HAS A DIRECT EQUITY INTEREST BUT

WHICH ARE NOT FULLY CONSOLIDATED ON THIS FORM BE-10B(LF)

Affiliate ID Number Page No. 

of this Su

Identification – Name of foreign affiliate as shown in item 2 of Form BE-10B(LF)

BEA USEONLY 

Supplement A — List ALL foreign affiliates of the U.S. Reporter(s) in which the fullyconsolidated foreign affiliate named in item 2, has a direct equity interest, but whichare not fully consolidated on this Form BE-10B(LF). Continue listing onto as

many copied pages as needed. NOTE — Foreign affiliates listed on this Supplement Amust also file a complete Form BE-10B(LF) or BE-10B(SF), or, per instructions, belisted on the BE-10A Supplement A of its U.S. Reporter.

Page 13 CON

B
5016

5017501850195020502150225023502450255026502750285029

Close FY 

Per

(4)

owne

affiliate 

held by 

named 

(Ente

n

. . . . . . . . . . . . . 

(2) (3) (1)

Affiliate identification number

taken from the preprinted

Form BE-10B(LF) or

BE-10B(SF), if provided, of

each foreign affiliate listed in

column (1)

BEA USE ONLY Name of each foreign affiliate, as taken from item 2 of the Form BE-10B(LF) or BE-10B(SF) for that affiliate, in which a direct equity interest is held

FORM BE-10B(LF) SUPPLEMENT A (7/99) LIST OF ALL FOREIGN AFFILIATES IN WHICH THE REPORTING FOREIGN AFFILIATE (AS CONSOLIDATED) HAS A DIRECT EQUITY INTEREST BUT WHICH ARE NOT FULLY CONSOLIDATED ON THIS FORM BE-10B(LF) — Continued Page No. 

of this Su

Page 14
6002

6003600460056006600760086009601060116012

o

(3) (1) (2)

Name of foreign affiliate which holds the direct equity

interest in the foreign affiliate listed in column (2) BEA USE ONLY Name and country of location of each foreign affiliate fully consolidated in this Form BE-10B(LF)

FORM BE-10B(LF) Supplement B (7/99) U.S. DEPARTMENT OF COMMERCE BUREAU OF ECONOMIC ANALYSIS

LIST OF ALL FOREIGN AFFILIATES FULLY CONSOLIDATED INTO THE

REPORTING FOREIGN AFFILIATE

Affiliate ID Number Page No. 

of this Su

Identification – Name of foreign affiliate as shown in item 2 of Form BE-10B(LF)

BEA USEONLY 

Supplement B — This list must be completed for the foreign affiliate for which the U.S. Reporter isreporting consolidated financial and operating data to BEA; each foreign affiliate fully consolidatedmust be more than 10 percent owned, directly or indirectly, by the U.S. Reporter and must also be

Page 15 CON

more than 50 percent owned by the foreign affiliate named in item 2, of Form BE-10B(LFof foreign affiliates listed below plus the reporting foreign affiliate must agree with Part Form BE-10B(LF). Continue listing onto as many copied pages as needed.

B

NOTE – Consolidate affiliates only if they are located in the same country and are in the same BEA 4-digit industry or are integral parts of the same business operation.
6016

6017601860196020602160226023602460256026602760286029

o

(3) (1) (2)

Name of foreign affiliate which holds the direct equity

interest in the foreign affiliate listed in column (2) BEA USE ONLY Name and country of location of each foreign affiliate fully consolidated in this Form BE-10B(LF)

FORM BE-10B(LF) Supplement B (7/99) LIST OF ALL FOREIGN AFFILIATES FULLY CONSOLIDATED INTO THE REPORTING FOREIGN AFFILIATE — Continued Page No. 

of this Su

Page 16
FORM BE-10B(LF) (REV. 7/99) Page 17

Country of location  Enter International if the affiliate is

engaged in petroleum shipping, other water transportation, or oil

and gas drilling, and has operations spanning more than one

country. For example, classify as "International" an oil drilling rig

that moves from country to country during the year.

Ownership by U.S. Reporter named in item 1.

Equity interest is the U.S. Reporter’s direct ownership in the total

equity (voting and nonvoting) of the affiliate. Examples of

nonvoting equity include nonvoting stock and a limited partner’s

interest in a partnership.

Voting interest The U.S. Reporter’s direct ownership in just the

voting equity of the affiliate. Examples of voting equity include

voting stock and a general partner’s interest in a partnership.

Thus, a U.S. Reporter could have a 100 percent direct voting

interest in an affiliate but own less than 100 percent of the

affiliate’s total equity.

30.—38.

Sales or gross operating revenues of foreign affiliate, by

industry of sales or gross operating revenues. (Dealers in

financial instruments and finance, insurance, and real estate

companies see Special Instructions on page 20. Also see

Additional Instructions for Part II, Section A, item 41 below.)

Holding companies (ISI code 5512) must show total income as

reported in item 46. To be considered a holding company, income

from equity investments (items 42 and 43) must be more than 50

percent of total income (item 46). In addition, normally at least 50

percent of total assets must consist of investments in affiliates. ISI

code 5512, (holding company), is an invalid classification if more

than 50 percent of income generated, or expected to be generated,

by an affiliate is from non-holding company activities.

Part II — FINANCIAL AND OPERATING DATA OF FOREIGN

AFFILIATE

Section A — Income Statement

Sales or gross operating revenues, excluding sales taxes — Report

gross operating revenues or gross sales minus returns,

allowances, and discounts. Exclude sales or consumption taxes

levied directly on the consumer. Exclude net value-added and

excise taxes levied on manufacturers, wholesalers, and retailers.

Affiliates classified in ISI codes 5223, 5224, 5231, 5238, 5252 and

5331 report interest income on this line. Insurance companies with

ISI codes 5243 and 5249 should include gross investment income

on this line. (Dealers in financial instruments and finance,

insurance, and real estate companies see Special Instructions

on page 20.)

Income from equity investments in foreign affiliates —

Report income from equity investments shown on lines 84 and 85

of all foreign affiliates whether or not they are required to file a

form BE-10B. Do not report interest income here. Report interest

on lines 41 or 45 as appropriate.

Income from other equity investments — Report income from

equity investments included on line 86. For investments carried on

the equity basis, report equity in earnings during the reporting

period. For investments carried on the cost basis, report dividends.

Do not include interest income here. Report interest on lines 41 or

45 as appropriate.

Other income — Report non-operating and other income not

included above.

Cost of goods sold or services rendered and selling,

general, and administrative expenses — Report operating

expenses that relate to sales or gross operating revenues (item 41)

and selling, general, and administrative expenses. Include

production royalty payments to governments, their subdivisions

and agencies, and to other persons. Include depletion charges

representing the amortization of the actual cost of capital assets

but exclude all other depletion charges. Do not include tax or

percentage depletion charges. Companies with ISI codes 5223,

5224, 5231, 5238, 5252 and 5331 should include interest expense.

Foreign income taxes — Exclude production royalty payments

and U.S. income taxes.

Other costs and expenses not included above, including

minority interests in income (loss) that arise out of

consolidation — Report income and expenses on lines 41

through 48 at their full amounts. Do not report amounts net of

minority interest. Instead, include the net impact of any minority

interest in the income and expense items as a lump sum on this

line.

Section B — Distribution of Sales or Gross Operating

Revenues

52.—55.

Distribution of Sales or Gross Operating Revenues —

Distribute sales consistent with the industry codes reported in

column 1 of items 30 through 36. When a sale consists of both

goods and services and cannot be unbundled (i.e., the goods and

services are not separately billed), classify it as a good or service

based on whichever accounts for a majority of the value. If actual

figures are not available, give best estimates.

property.

Finance or insurance companies that include i

gross operating revenues should report the so

investment income in columns 2 through 7 ba

of the issuer of the financial instrument wheth

privately placed. If the location of the issuer is 

substitute the nationality of the issuer. If both 

nationality of the issuer are unknown, and an 

trustee, custodian, or nominee) is used to man

(financial instrument or real estate) use the co

the intermediary.

Section C — Number of Employees and Emp

Compensation

Research and development employees — 

development employees are scientists, engine

professional and technical employees, includin

spend all or a majority of their time engaged i

engineering R&D work, at a level that requires 

physical or life sciences, engineering, or math

equivalent to that acquired through completio

college course with a major in one of these fie

may be either formal or by experience).

70.—72.

Employee compensation — Consists of wag

employees and employer expenditures for all 

plans.

Wages and salaries — Report gross earnings 

before deduction of employees’ payroll withho

insurance contributions, group insurance prem

etc. Include time and piece rate payments, cos

adjustments, overtime pay and shift differentia

sharing amounts, and commissions. Exclude c

independent personnel who are not employee

Include direct payments by employers for vaca

severance (redundancy) pay, etc. Exclude paym

on behalf of, benefit funds rather than by the e

employer contributions to benefit funds in "em

plans" as discussed in item 71 below.)

Include in-kind payments, valued at their cost, 

primarily of benefit to the employees as consu

expenditures that benefit employers as well as 

expenditures for plant facilities, employee trai

reimbursement of business expenses.

Employee benefit plans — Report employer 

employee benefit plans, including those mand

statute, resulting from collective bargaining co

that are voluntary. Include Social Security and 

plans, life and disability insurance, guaranteed 

workers’ compensation insurance, medical ins

allowances, unemployment insurance, severan

Also, include deferred post employment and p

expenses per FASB 106. If plans are financed j

employer and the employee, include only the 

employer.

Number of production workers engaged i

activities — Production workers are employe

in the manufacturing activities of a business. T

physical production, and the handling and sto

related services (e.g., maintenance and repair)

production for a plant’s own use (e.g., power p

working foremen, but exclude other superviso

Affiliates which maintain employment and pay

according to national (host country) definitions 

workers that do not differ significantly from th

concept described above, may submit data acc

country definitions.

Hours worked by production workers — H

standby or reporting time but exclude holiday

or other paid leave. Obtain data on hours work

records. However, reasonable estimates are ac

payroll records is burdensome. Such estimate

for example, by multiplying the number of pro

your estimate of average hours worked per pr

the reporting period. However, such estimates 

hours worked (standby or reporting time), and 

for holiday, vacation, sick leave, or other paid 

Data on hours worked, wages and salaries, an

plans, is used to derive hourly compensation r

workers. To check your estimates, compute th

compensation rate (i.e., divide the sum of wag

employee benefit plans for production workers 

worked) to see if it appears reasonable.

7.

12.

41.

42.

43.

45.

47.

48.

49.

55.

66.

70.

71.

73.

74.

•

•

•
Page 18

, 

investments ) as appropriate.

Other current receivables — Include the current portion of CDs

held by others.

Inventories — Land development companies should exclude

land held for resale (include in item 80). Finance and insurance

companies should exclude inventories of marketable securities

(include in item 80 or 86, as appropriate).

Land — Land refers to any part of the earth’s surface. Report

gross book value of all land owned including land on capital

leases from others, per FASB 13. Exclude land held for resale.

Other property, plant, and equipment — Report gross book

value of timber, mineral rights and similar rights owned. Also

include structures, machinery, equipment, special tools, deposit

containers, construction in progress, and capitalized tangible and

intangible exploration and development costs of the foreign 

affiliate. Include items on capital leases from others, per FASB 13.

Exclude all other types of intangible assets, and land held for 

resale. (Unincorporated affiliates include items owned by the 

U.S. Reporter(s) but in the affiliate’s possession whether or not

carried on the affiliate’s books or records. However, insurance

companies see Special Instructions B.2, page 20.)

84.— 85.

Equity investments in other foreign affiliates of which this

affiliate is a parent — Report this affiliate’s equity investment

in other foreign affiliates of the U.S. Reporter(s), including

branches of this affiliate. (If one of these lines has an entry, item

4 of this report must be answered "yes," the BE-10B(LF)

Supplement A must be completed, and item 42 should contain

data.)

Other equity investments and noncurrent marketable

securities, receivables and other investments — Include the

noncurrent portion of CDs held by others; other equity

investments (whether carried at cost or on the equity basis);

noncurrent marketable securities; other noncurrent investments

and noncurrent trade accounts; and trade notes receivable net of

allowance for doubtful items.

Other noncurrent assets — Include intangible assets net of

amortization, and any other noncurrent assets not reported 

elsewhere.

Other current liabilities and long-term debt — Include

overdrafts, other current liabilities not included in item 89, and

long-term debt. Include intercompany debt as well as debt with

unaffiliated parties. Also include lease obligations capitalized per

FASB 13 with an original maturity of more than one year or with

no stated maturity.

Other noncurrent liabilities — Include noncurrent items but

exclude long-term debt. Include deferred taxes and minority

interest in consolidated subsidiaries.

Capital stock and additional paid-in capital — Include

common and preferred, voting and nonvoting capital stock and

additional paid-in capital.

Retained earnings (deficit) — Include earnings retained by the

corporation and legally available for dividends; earnings

voluntarily restricted; and the cumulative balance of unrealized

holding gains and losses due to changes in the valuation of

available-for-sale securities per FASB 115.

Section F — Property, Plant and Equipment (PP&E) (Items 102

through 112)

Include items leased from others (including land) under capital

leases. Also include the capitalized value of timber, mineral and

similar rights leased by the affiliate from others. Do not include

items the affiliate has sold under a capital lease.

Exclude from expenditures (items 105, 106 and 107) all changes

in PP&E, resulting from a change in the entity (e.g, mergers,

acquisitions, divestitures, etc.) or accounting principles during FY

1999. Account for such changes in item 103.

For foreign affiliates engaged in exploring for or

developing natural resources, include in items 105, 106 and

107 exploration and development expenditures made during FY

1999 that were capitalized, including capitalized expenditures to

acquire or lease mineral rights. Include in item 110 adjustments

for expenditures charged against income in prior years but

subsequently capitalized during FY 1999.

Depreciation — Do not include depletion. Report depletion

separately in item 109.

Other increases (decreases) — Include the net book value of

sales, retirements, or transfers out of assets, and other increases

(decreases). Do not include divestitures of subsidiaries. Include

divestitures of subsidiaries on line 103. Report gains (losses) 

from the sale or disposition of property, plant and equipment in

item 44.

Section I — Technology

126.—129.

Research and development expenditures — Research and

development (R&D) includes basic and applied research in

science and engineering, and the design and development of

prototypes and processes, if the purpose of such activity is to:

company or conducted by company labo

technical groups that are not a part of a 

organization.

Include all costs incurred to support R&D

depreciation and overhead. Exclude cap

routine product testing and quality contr

commercial production, geological and g

exploration, market research and survey

pertaining to patents.

Part III — INVESTMENT AND TRANSACTI

FOREIGN AFFILIATE AND THE U.S. R

Section A — U.S. Reporter’s Equity in Fore

Income, Certain Realized and Unrealized G

Dividends or Distributed Earnings

Report this item based on the books of the 

Report amount received or entered into inte

whichever occurred first. Include amounts f

was made in kind. If a receivable was booke

reporting period, do not report the collectio

in the current period. Show the collection a

intercompany account item 147.

Section B — Debt and Other Intercompany 

Between Foreign Affiliate and U.S. Report

147.—148.

Disaggregate lease payments into their com

Reflect return of capital, consisting of princ

capital leases and the depreciation compon

leases, in items 147 and 148. Report the int

under capital leases in item 160. Report the 

operating leases in item 162.

If the foreign affiliate has leased equipment 

Reporter under a long-term operating lease 

lease is for more than one year), then:

Include the FY 1999 closing net book value 

equipment in columns 1 and 3, and;

Include the FY 1998 closing net book value 

equipment in columns 2 and 4.

The closing net book value of leased equipm

be obtained from the books of the U.S. Rep

If the foreign affiliate has leased equipment 

under a long-term operating lease (i.e., the 

than one year), then:

Include the FY 1999 closing net book value 

equipment in columns 1 and 3, and;

Include the FY 1998 closing net book value 

equipment in columns 2 and 4.

The closing net book value of leased equipm

obtained from the books of the foreign affil

Section C — Change in U.S. Reporter’s Eq

Stock and/or Additional Paid-in Capital of 

Foreign Affiliate or Equity Investment in U

Foreign Affiliate.

Increase in U.S. Reporter’s Equity Interest in 

150.—152.

For a newly established or acquired affiliate

U.S. Reporter paid and/or borrowed to esta

affiliate in item 150 or 152 as appropriate. D

book value of the equity interest if it differs 

Decrease in U.S. Reporter’s Equity Interest in 

153.—155.

For an affiliate that is sold, report the sale p

155 as appropriate. Include foreign income 

gains (and tax refunds on losses) in the calc

items. Report the ending intercompany deb

affiliate (in columns 1 and 3 of items 147 an

debt positions still exist, they are between a 

unaffiliated foreign person, and may be rep

Department of the Treasury International C

For investments written off, enter zero in ite

the amount written off in item 157 or 158 as 

account receivable due to the U.S. Reporter 

written off, report the amount of the receiva

capital contribution and include in the comp

158 as appropriate.

BE-10B(LF) (REV. 7/99)

78.

79.

81.

82.

86.

87.

90.

91.

93.

94.

108.

110.

143.

147.

148.

•

•

•

•

•
Page 19

an affiliate was $10 million and the affiliate was sold for $11

million, enter $1 million in column 2 of item 157. Report the

amount gross of U.S. income taxes, if any.

Section D — Receipts and Payments Between the U.S. Reporter

and Foreign Affiliate

160.—164. Include amounts for which payment was made in kind.

If a receivable or payable for one of these items was booked in a

prior reporting period, do not report the collection of the

receivable or payment of the payable if collected or paid in the

current period. Show such a collection or payment only as a

reduction to an intercompany account (items 147 and 148).

Interest — Except as described in the next paragraph, report

interest receipts and interest payments at gross. Do not net the

receipts against the payments.

Reporting for Interest Rate and Foreign Currency Swap

Agreements Between the U.S. Reporter and the Foreign 

Affiliate — Report interest accruals under the terms of interest

rate and foreign currency swap agreements on a net basis. Do

not report gross receipts and gross payments of interest based

upon marking positions to market daily. Instead, report the net

amount of these gross receipts or payments either as net interest

received or net interest paid, as appropriate. Record any explicit

fees paid to, or received from, a foreign affiliate for arranging a

swap as a charge for services rendered in item 164b (Financial

services).

Charges for use of tangible property

Include in column 1 rental payments to the U.S. Reporter under

operating leases of one year or less. Include net rental payments

to the U.S. Reporter under operating leases of more than one

year. (Net rent equals the total rents paid to the U.S. Reporter for

the reporting period less the return of capital (depreciation)

component charged against the leased equipment on the books

of the U.S. Reporter for the part of FY 1999 that the lease was in

existence.)

Include in column 3 rent receipts from the U.S. Reporter under

operating leases of one year or less. Include net rent receipts

from the U.S. Reporter under operating leases of more than one

year. (Net rent equals the total rents received from the U.S.

Reporter less the amount of depreciation expense charged

against the leased equipment on the books of the foreign affiliate

for that part of FY 1999 that the lease was in existence.)

Allocated expenses and sales of services — Include allocated

expenses (such as R&D assessments) and reimbursements

between the U.S. Reporter and the affiliate for management,

professional, technical, or other services that are normally

included in "other income" (line 45 of this form and line 40 of

Form BE-10A) by the provider of the service. Also include

receipts by the U.S. Reporter from, or payments by the U.S.

Reporter to, the affiliate for services that are separately billed and

normally included in the sales or gross operating revenues of the

seller of the service (line 41 of this form and line 37 of Form

BE-10A).

Insurance services — Report in column 1 amounts received by

the U.S. Reporter from the foreign affiliate for losses incurred by

the U.S. Reporter under primary insurance sold to the U.S.

Reporter by the foreign affiliate. Report in column 3 premiums

paid by the U.S. Reporter to the foreign affiliate for the purchase

of primary insurance from the foreign affiliate.

Financial Services — Report in columns 1 and 3 fees and

commissions for financial services. Include brokerage

commissions on transactions executed for the U.S. Reporter’s 

(or foreign affiliate’s) own account, or for the account of its

customers. Also include selling concessions received from a 

U.S. Reporter (or foreign affiliate) who is a lead underwriter.

Transportation — Report in column 1 amounts received by the

U.S. Reporter from the foreign affiliate for carrying merchandise

from the United States to foreign destinations and for carrying

freight between foreign destinations. Report in column 3

amounts paid by the U.S. Reporter to the foreign affiliate for

carrying merchandise from foreign countries to U.S. destinations

or between foreign destinations.

Computer and information services — Report in columns 1

and 3 receipts and payments for computer and data

processing services, including data entry, processing, and

tabulation; computer systems analysis, design, engineering and

custom programming; and other computer services including

time sharing, maintenance and repair. Also report receipts and

payments for database and other information services, including

business, financial, or technical databases; reservation systems;

and credit reporting and authorization systems.

Communication services — Report in columns 1 and 3

receipts and payments between the U.S. Reporter and

the foreign affiliate for:

Message telephone services and other jointly provided (basic)

services — Report receipts for the U.S. Reporter’s share of

revenues for transmitting messages (including voice, data, video,

satellite, images, telex, telegram, cable, etc.) originating abroad

to or through U.S. destinations, or between foreign destinations.

Report payments for transmitting messages originating in, or

routed through, the United States to foreign destinations.

Private leased channel services — Report receipts for channels

and circuits terminating in the United States and for channels

and circuits between foreign countries. Report payments for

leased channels and circuits terminating in foreign countries.

172.198.

When there is a material difference between 

"shipped" bases and the data have not been 

"shipped" basis, or the necessary adjustment

made to approximate a "shipped" basis, then 

data to be refiled.

Differences between the "charged" and "ship

substantial. A major difference arises when t

buys goods in country A and sells them in co

goods are shipped directly from country A to 

the goods did not physically enter or leave th

they are not U.S. trade. However, when the U

the transactions on its books, it shows a purc

from country A and a sale charged by it to co

Reporter’s trade data in this survey were pre

"charged" basis, the purchase and sale would 

as a U.S. import and a U.S. export, respectiv

differences arise when the U.S. Reporter cha

products to a foreign affiliate in one country, 

directly from the United States to an unaffilia

another country. If the data are on the "shipp

U.S. export to an unaffiliated foreigner, not to 

and should not be recorded on the BE-10B of 

If a material difference exists between the "ch

"shipped" bases, trade must be reported on t

To do this, the U.S. Reporter may have to de

export and import declarations filed with U.S

shipping and receiving documents, rather tha

records, or may have to otherwise adjust its 

"charged" to a "shipped" basis.

Definition of U.S. merchandise trade. The ph

merchandise trade," "U.S. merchandise expo

merchandise imports" refer to physical move

between the customs area of the United Stat

area of a foreign country. Data in this section 

physically left or entered the U.S. customs ar

Consigned goods must be included in the tra

shipped or received, even though not norma

or purchases, or entered into intercompany a

initially consigned. Include capital goods but 

ships, planes, railroad rolling stock, and truck

temporarily outside the United States transpo

merchandise. Also exclude services. An affili

merchandise exports and imports may differ 

purchases from or sales to the United States 

and sales may include services while mercha

imports include only goods.

Exclude from exports and imports the value 

in-transit. In-transit goods are goods that ar

consumed by residents in intermediate count

which they transit; the in-transit goods enter 

only because that country(ies) is along the sh

between the exporting and importing countr

imports are goods en route from one foreign 

via the United States (such as from Canada t

United States), and in-transit exports are goo

one part of the United States to another part 

country (such as from Alaska to Washington 

Timing. Only include goods actually shipped 

States and the affiliate during FY 1999 regard

goods were charged or consigned. For exam

shipped by the U.S. Reporter to the affiliate i

charged or consigned in FY 2000, but exclude 

the affiliate in FY 1998 that were charged or c

affiliate in FY 1999.

Trade of a foreign affiliate. Goods shipped by

affiliate, whether or not actually charged or c

the foreign affiliate are considered to be trad

affiliate.

By (or to) whom goods were shipped. Shipm

entity refers to the physical movement of me

the U.S. customs area by, or to, that entity re

to, whom the merchandise was charged or c

example, if the U.S. Reporter charges goods 

but ships them to an Italian affiliate, the good

recorded as U.S. merchandise exports shippe

Reporter on the Form BE-10B(LF) or (SF) of th

but not on the Form BE-10B(LF) or (SF) of the 

Similarly, if goods were charged by the U.S. 

affiliate but shipped to the affiliate by anothe

goods should be considered a U.S. merchand

by "other U.S. persons," not the U.S. Reporte

Form BE-10B(LF) or (SF).

Note — Merchandise shipped by an indepen

freight forwarder at the expense of an entity 

that entity.

Valuation of exports and imports. Value U.S. 

exports and imports f.a.s. (free alongside shi

port-of-exportation. This includes all costs in

point of loading the goods aboard the export 

or foreign port of exportation, including the s

interior point of shipment (or cost if not sold)

and inland freight and insurance. It excludes 

costs, such as loading costs, U.S. and foreign 

freight and insurance from the port of export

entry.

BE-10B(LF) (REV. 7/99)

160.

162.

164.

a.

b.

c.

d.

e.

•
Page 20

(g ,

currencies, derivatives, and other financial instruments)

and finance and insurance companies — Include in item 44

(1) impairment losses, (2) realized gains or losses on trading or

dealing, and (3) unrealized gains or losses due to changes in the

valuation of financial instruments that flow through the income

statement. Include unrealized gains or losses due to changes in

the valuation of financial instruments that are taken directly to

retained earnings in item 117. (Report income attributable to

fees or commissions in items 38 and 41.)

Gains or losses from the sale, disposition, or revaluation of land,

other property, plant and equipment, or other assets:

Real estate companies

Realized gains and losses

Include gains or losses from the sale of real estate in the

ordinary course of trade or business in items 38 and 41.

Impairment of Long-lived Assets

Include impairment losses, as defined by FASB 121, recognized

during the period in item 44.

Unrealized gains

Include gains recognized due to the revaluation of real estate

assets in items 94 (98 if unincorporated), and 117. Do not include

these unrealized gains in item 44.

Special Instructions for insurance companies

When there is a difference between the financial and operating

data reported to the stockholders and the data reported in the

annual statement to an insurance department, prepare the BE-10

on the same basis as the annual report to the stockholders.

Valuation should be according to normal commercial accounting

procedures, not at rates promulgated by national insurance

departments, i.e., include assets not acceptable for inclusion in

the annual statement to an insurance department. Include: 1.

non-trusteed or free account assets and 2. nonadmitted assets,

such as furniture and equipment, agents’ debit balances, and all

receivables deemed to be collectible. Include mandatory

securities valuation reserves that are appropriations of retained

earnings in the owners’ equity section of the balance sheet not

in the liability section.

, 

and accounts receivable (net of allowance

items) arising from the ordinary course o

Current liabilities and long-term debt 

and 90) — Include current items such as 

policy claims, commissions due, and othe

arising from the ordinary course of busin

debt. Include policy reserves in "Other no

unless they are clearly current liabilities.

Sales or gross operating revenues, ex

taxes (item 41) — Include items such as 

annuity considerations, gross investment 

of a similar nature. Exclude income from 

in unconsolidated business enterprises th

in item 42 and exclude certain realized an

or losses that are to be reported in item 4

Certain realized and unrealized gains 

(item 44) — See Special Instructions, A

Cost of goods sold or services render

general, and administrative expenses 

Include costs relating to sales or gross op

such as policy losses incurred, death ben

endowments, other policy benefits, increa

future policy benefits, and other underwr

Expenditures for property, plant, and 

105, 106 and 107) — Include expenditu

depreciation, depletion, and like charges 

CLASSIFIED IN THE BALANCE SHEET (e.g

expenditures that have been classified in 

assets").

Net book value of property, plant, an

(items 102 and 111) — Include the net b

property, plant, and equipment, WHEREV

THE BALANCE SHEET. Therefore, the ope

book values for property, plant, and equip

necessarily reconcile with their balance s

(items 81, 82 and 83).

Sales of services (item 54, column 1) 

income and income from other services, 

Investment income (item 55 column 1

portion of sales or gross operating revenu

investment income. However, report any 

investments, in accordance with Special I

Additional Instructions for Part II, Section 

17 to determine the location of the transa

income.

FORM BE-10B(LF) (REV. 7/99)

B.

1.

b.

c.

d.

e.

f.

g.

h.

i.

2.

SUMMARY OF INDUSTRY CLASSIFICATIONS

Crop production 

AGRICULTURE, FORESTRY,

FISHING, AND HUNTING

1110

MINING

Oil and gas extraction

Coal

Nonmetallic minerals

Iron ores

Support activities for mining,

except for oil and gas operations

UTILITIES

Electric power generation,

transmission, and distribution

CONSTRUCTION

Building, developing, and

general contracting

MANUFACTURING

Animal foods 

Printing and 

activities

Pesticides, f

agricultur

1120

1130

1140

1150

2111

2121

2123

2124

2125

2126

2127

2132

2133

2211

2212

2213

2330

2340

2350

3111

3112

3113

3114

3115

3116

3117

3118

3119

3121

3122

3130

3140

3150

3160

3221

3222

3231

3242

3243

3244

3251

3252

3253

3254

3255

3256

3259

3261

3262

3271

3272

3273

3274

3279

Copper, nickel, lead, and zinc ores

Other metal ores

Support activities for oil and gas

operations

Support activities for agriculture

and forestry

Fishing, hunting, and trapping 

Forestry and logging 

Animal production 

Gold and silver ores 

Natural gas distribution

Water, sewage, and other systems

Heavy construction

Special trade contractors

Grain and oilseed milling

Sugar and confectionery

products

Fruit and vegetable preserving

and specialty foods

Dairy products

Meat products

Seafood product preparation

and packaging

Bakeries and tortillas

Other food products

Beverages

Tobacco

Textile mills

Textile product mills

Apparel

Leather and allied products

Wood products

Pulp, paper, and paperboard

mills

Converted p

Integrated p

and extra

Petroleum r

extraction

Other petro

products

Basic chem

Resins, synt

artificial and 

filaments

Pharmaceut

Paints, coat

Soap, clean

toilet prep

Other chem

preparatio

Plastics pro

Rubber prod

Clay produc

Glass and g

Cement and 

Lime and gy

Other nonm

products

3210

Do not include assets of the U.S. Reporter held in the country of

location of the affiliate that are for the benefit of the U.S.

Reporter’s policyholders in the data reported for the affiliate.

2.
FORM BE-10B(LF) (REV. 7/99) Page 21

Other general purpose machinery

WHOLESALE TRADE

Motor vehicles and motor vehicle

parts and supplies

Railroad rolling stock

3314

3315

3321

3322

3323

3324

3325

3326

3327

3328

3329

3331

3332

3333

3334

3335

3336

3339

3341

3342

3343

3344

3345

3346

3351

3352

3353

3359

3361

3362

3363

3364

3365

3366

3369

3370

3391

3399

4211

4212

4213

4214

4215

4216

4217

4218

4219

4221

4222

4223

4224

4225

4226

4227

4228

4229

DURABLE GOODS

Paper and paper products

NONDURABLE GOODS

Nonferrous metal (except

aluminum) production and

processing

Foundries

Forging and stamping

Cutlery and hand tools

Boilers, tanks, and shipping

containers

Hardware

Spring and wire products

Machine shops, turned products, 

and screws, nuts, and bolts

Coating, engraving, heat

treating, and allied activities

Other fabricated metal products

Agriculture, construction, and

mining machinery

Industrial machinery

Commercial and service

industry machinery

Ventilation, heating, air conditioning,

and commercial refrigeration

equipment

Metalworking machinery

Engines, turbines, and power

transmission equipment

Architectural and structural

metals

Computer and peripheral equipment

Communications equipment

Audio and video equipment

Semiconductors and other

electronic components

Navigational, measuring, electromedical, and control instruments

Manufacturing and reproducing

magnetic and optical media

Electric lighting equipment

Household appliances

Electrical equipment

Other electrical equipment and

components

Motor vehicles

Motor vehicle bodies and trailers

Motor vehicle parts

Aerospace products and parts

Ship and boat building

Other transportation equipment

Furniture and related products

Medical equipment and supplies

Other miscellaneous manufacturing

Furniture and home furnishings

Lumber and other construction

materials

Professional and commercial

equipment and supplies

Metals and minerals (except petroleum)

Electrical goods

Hardware, and plumbing and heating

equipment and supplies

Machinery, equipment, and supplies

Miscellaneous durable goods

Drugs and druggists’ sundries

Apparel, piece goods, and notions

Grocery and related products

Farm product raw materials

Chemical and allied products

Petroleum and petroleum products

Beer, wine, and distilled alcoholic

beverages

Miscellaneous nondurable goods

TRANSPORTATION AND

WAREHOUSING

Air transportation

4450

4461

4471

4480

4510

4520

4530

4540

4810

4821

4833

4839

4840

4850

4863

4868

4870

4880

4920

4932

4939

Food and beverage stores

Health and personal care stores

Gasoline stations

Clothing and clothing accessories

stores

Sporting goods, hobby, book,

and music stores

General merchandise stores

Miscellaneous store retailers

Nonstore retailers

Rail transportation

Petroleum tanker operations

Other water transportation

Truck transportation

Transit and ground passenger

transportation

Pipeline transportation of crude oil,

refined petroleum products, and

natural gas

Other pipeline transportation

Scenic and sightseeing transportation

Couriers and messengers

Petroleum storage for hire

Other warehousing and storage

Support activities for transportation

INFORMATION

Newspaper, periodical, book, and

database publishers

Securities and commodity

contracts intermediation and

brokerage

REAL ESTATE AND RENTAL

AND LEASING

Real estate

Office administra

Facilities support 

Employment serv

Business support 

ADMINISTRA

SUPPORT, 

MANAGEME

REMEDIATION 

Services to build

EDUCATIONAL S

Educational serv

HEALTH CARE A

ASSISTA

Ambulatory heal

Hospitals

ARTS, ENTERTAI

RECREA

Performing arts, 

sports, and rel

ACCOMMODATIO

SERVIC

Accommodations

OTHER SER

Repair and maint

5111

5112

5121

5122

5131

5132

5133

5141

5142

5221

5223

5224

5229

5231

5238

5242

5243

5249

5252

5310

5321

5329

5331

5414

5415

5416

5417

5418

5419

5512

5513

5611

5612

5613

5614

5615

5616

5617

5620

6110

6210

6220

6230

6240

7110

7121

7130

7210

7220

8110

8120

8130

Non-depository branches and 

agencies

Investigation and 

MANAGEMENT O

AND ENTER

Holding compan

holding compa

FINANCE AND INSURANCE

Depository credit intermediation

(Banking)

PUBLIC ADMINIS

9200 Public administra

Software publishers

Motion picture and video industries

Sound recording industries

Radio and television broadcasting

Cable networks and program

distribution

Telecommunications

Information services

Data processing services

Activities related to credit

intermediation

Non-depository credit

intermediation

related service

Specialized desig

Computer system

related service

Management, sc

technical cons

Scientific researc

development s

Advertising and 

Other profession

and technical s

Automotive equipment rental

and leasing

Other rental and leasing services

Lessors of non-financial

intangible assets (except

copyrighted works)

Corporate, subsid

regional mana

Travel arrangeme

reservation se

Other financial investment

activities and exchanges

Agencies, brokerages, and other

insurance related activities

Insurance carriers, except life 

insurance carriers

Life insurance carriers

Funds, trusts and other financial

vehicles, except REITs

Other support se

Waste managem

services

Nursing and resi

facilities

Social assistance

Museums, histor

similar institut

Amusement, gam

recreation indu

Foodservices and 

places

Personal and lau

Religious, grantm

professional, a

organizations

5619
MAIL REPORTS TO:

U.S. Department of Commerce

Bureau of Economic Analysis

BE-69(A)

Washington, DC 20230

OR

DELIVER REPORTS TO:

U.S. Department of Commerce

Bureau of Economic Analysis

BE-69(A)

Shipping and Receiving, 

Section M-100

1441 L Street, NW

Washington, DC 20005

1. Name of U.S. Reporter of foreign affiliate — Same as item 1, Form BE-10A

2. Name of foreign affiliate being reported — Use the same name on all reports filed s

this affiliate with the Bureau of Economic Analysis, e.g., Forms BE-11 and BE-577.

IMPORTANT

Read the Instruction Booklet, which contains definitions and reporting requirements, before completing this form. "Additio

specific to line items and "Special" Instructions for dealers in financial instruments and finance, insurance, and real estate 

provided at the back of this form. For banks and bank holding companies, see the report forms for banks and the Instruction 

• Who must report — The U.S. Reporter must file Form BE-10B(SF) for:

NOTE — If the foreign affiliate is exempt from being reported on Form BE-10B(SF) and is not a bank, see the reportin

for form BE-10B(LF) and BE-10A SUPPLEMENT A. The foreign affiliate must be reported on one of those forms.

• Foreign affiliate’s 1999 fiscal year — The foreign affiliate’s financial reporting year that has an ending date in calenda

Instruction Booklet, Part II.A.

Due date — A complete BE-10 report is due on the following dates:

May 31, 2000 for a U.S. Reporter required to file fewer than 50 Forms BE-10B(LF), BE-10B(SF), and/or BE-10B BANK;

•

June 30, 2000 for a U.S. Reporter required to file 50 or more Forms BE-10B(LF), BE-10B(SF), and/or BE-10B BANK.

Translation of foreign currency financial and operating data into U.S. dollars — Use U.S. generally accepted acco

(FASB 52). See Instruction Booklet, Part IV.B. •

Currency amounts — Report in U.S. dollars rounded to thousands (omitting 000). Do not

enter amounts in the shaded portions of each line. EXAMPLE – If amount is $1,334,891.00, report as •

Bil. Mil. T

If an item is between + or - $500.00, enter "0." Use parenthesis () to indicate negative numbers.

• Contact us for help — Telephone: 202–606–5566; FAX: 202–606–5312 or 5317; E-mail: be10/11@bea.doc.gov.

Part I — IDENTIFICATION OF FOREIGN AFFILIATE — See Additional Instructions for Part I on page 12 at the ba

3. Number of foreign affiliates consolidated in this report — Do not consolidate affiliates located in two different cou

Instruction Booklet, Part I.B.2.c.(1). If your answer to this question is 2 or more, you must complete Supplement B (pag

report. If this report is for a single foreign affiliate, enter "1" in the box.

1

2

1

1

1003

1004

Number

4. Does this foreign affiliate have a direct equity interest in other foreign affiliates, including branches of this a

not fully consolidated in this BE-10B(SF)? – Mark (X) one.

Yes — Complete Supplement A of this Form BE-10B(SF).

No

5. Form of organization of this foreign affiliate — Mark (X) one.

1005 Partnership 1 4 Other — Specify

6. Country of incorporation or organization of this foreign affiliate — Mark (X) one.

1006

1 1 Corporation 1 2 Branch 1 3

Australia

Brazil

Canada

France

Germany

Italy

Japan

Mexico

Switzerland

United Kingdom

Other — Specify

601 1

1

1

202

100

7.

Netherlands

Country of location — Country in which this foreign affiliate’s physical assets are located or where its primar

carried out — Mark (X) one.

8. This foreign affiliate’s financial books and records are kept in — Mark (X) one.

The currency of the country of the affiliate as given in item 7. (Foreign affiliates located in European Mon

countries should check this box if they keep their books in the currency of the country of the affiliate or in 

U.S. dollars

A foreign currency which is not that of the country of location of the affiliate as given in item 7

307 1

1

1

308

314

614 1

1

1

213

319

325 1

1

1

327

1007 Australia

Brazil

Canada

France

Germany

Italy

Japan

Mexico

Switzerland

United Kingdom

Other — Specify

601 1

1

1

202

100 Netherlands

307 1

1

1

308

314

614 1

1

1

213

319

325 1

1

1

327

1008

Month 

9. The ending date of this foreign affiliate’s 1999 fiscal year.

1009

1

(1)

(2)

(3)

each majority-owned nonbank foreign affiliate for which total assets; sales or gross operating revenues, excluding sa

income after provision for foreign taxes was greater than $7 million (positive or negative), but for which no one of th

greater than $100 million (positive or negative) at any time during the affiliate’s 1999 fiscal year;

each minority-owned nonbank foreign affiliate for which total assets; sales or gross operating revenues excluding sa

income after provision for foreign taxes was greater than $7 million (positive or negative) at any time during the affil

year; and

each nonbank foreign affiliate of a U.S. bank Reporter for which total assets, sales or gross operating revenues exclu

or net income after provision for foreign taxes was greater than $7 million (positive or negative) at any time during t

fiscal year. See Instruction Booklet, Part I, for detailed reporting requirements.

1 1

1 2

1 3

1
FORM BE-10B(SF) (REV. 6/99) Page 2

from a foreign person?

Acquire a voting interest of 10 percent or more in this affiliate from a 

U.S. person? — Give name and address of U.S. person.





3

2

1 2 Yes, and this is its final report —

If "Yes," was the affiliate — Mark (X) one

4 2

Merged or reorganized?

5 2 Sold:

to a foreign person?

Liquidated?

Seized?

2

2

2

6

7

8

to a U.S. person? — Give name and address of U.S. person.

Enter

date







Enter

date

1 3 No

Was there a change in the entity due to mergers, acquisitions, divestitures, etc., or a change in accounting p

FY 1999 that caused FY 1998 data to be restated? Mark (X) one.

11.

Yes — 1 1 Report all close FY 1998 data before restatement, unless otherwise specified.

No 1 2

1011

U.S. Reporter named in item 1 — Report equity interest and voting

interest.

DIRECT OWNERSHIP IN THIS FOREIGN AFFILIATE — Enter percent

of ownership, to a tenth of one percent, based on total voting stock, as

applicable, if an incorporated affiliate, or an equivalent interest if an

unincorporated affiliate, held directly by

Percent of ownership at close o

1999 1998

(1) (2)

1012

1

.% 

3

20. Identification of foreign affiliate parent(s) — If there is an entry in item 13, column (3) or column (4) — Enter below,

the name(s) and percent(s) of ownership of each foreign affiliate of the U.S. Reporter named in item 1 holding a direct

ownership interest in this foreign affiliate. Also, for each foreign affiliate in column (a) that is below the first tier in its ownership chain, enter in column (d) the name of the foreign affiliate that holds a direct ownership interest in it.

Other foreign affiliate(s) of U.S. Reporter named in Item 1 — If entry is made here, complete

items 19 and 20.

Other U.S. Reporter(s) of this foreign affiliate — If entry is made here, item 21 must be "Yes."

Foreign affiliate(s) of other U.S. Reporter(s) — If entry is made here, item 21 must be "Yes."

Other U.S. persons

13.

14.

15.

16.

Other foreign persons

TOTAL OF DIRECTLY HELD VOTING OWNERSHIP INTERESTS —

Sum of items 12 through 17

17.

18.

19. INDIRECT OWNERSHIP IN THIS FOREIGN AFFILIATE — If there is an entry in item 13, enter U.S.

Reporter’s percent of indirect ownership in this affiliate. See Instruction Booklet, Part I.A.2., for

instructions on how to complete indirect ownership percentages.

1013

1016

1014

1015

1017

3

100.

(3) 

1999 

. %

2 

.

.

.

.

.

.

3 

3 

3 

3 

3 

Equity interest V

12.

1019 .

1018

Foreign affiliate holding direct ownership interest in this foreign affiliate

Name and ID Number

Enter name and BEA ID Number of foreign

affiliate(s) holding a direct ownership interest

in this foreign affiliate.

(a) (b) (c) 

Percent direct ownership in

this foreign affiliate 

Close FY 1999 Close FY 1998

Name of for

any, in ow

that holds d

foreign affi

colu

1191 . % . %

1 23

1192

1 23

1193

1 2

1020

2

a.

b.

c.

d. TOTAL — Must equal percentages entered in Item 13

BEA

USE

ONLY

. % . %

. % . %

. % . %

3

3

Month 

3

3 
1029

FORM BE-10B(SF) (REV. 6/99) Page 3

No  Skip to item 28 

22.If the answer to item 21 is "Yes," and the U.S. Reporter named in item 1 is submitting the Parts II and IV data (i.e., the

"complete" report) for this foreign affiliate — Give name(s) and mailing address(es) of the other U.S. Reporter(s) who

is(are) not submitting the data.

Name Mailing address

23. If the answer to item 21 is "Yes," and if the U.S. Reporter named in item 1 is not submitting the Parts II and IV data (i.e., 

submitting a "partial" report) for this foreign affiliate — Give name and mailing address of U.S. Reporter who is submitti

the data.

24.

25.

BEA USE

ONLY

1024

1025

12 3 4 5

BEA USE 12 3 4 5

ONLY

12 3 4 5

12 3 4 5

26. BEA USE

ONLY

27. BEA USE

ONLY

1026

1027

1 1028 1

1 2

29.

28. Major activity of foreign affiliate — Mark (X) one

A list, and explanation, of the International Surveys Industry (ISI) codes used below are given in the Guide to Industry 

Foreign Trade Classifications for International Surveys. A list of ISI codes is also provided on page 15 of this form

inactive foreign affiliate, base the activity on its last active period. For "start-up" companies, show the intended activity.

Production of goods — The foreign affiliate is primarily engaged in construction, mining or extracting 

exploration and development), manufacturing, fabricating, assembling, processing, or growing a good. 

activities are coded in 1110 through 1140, 2111 through 2127, 2330 through 2350, and 3111 through 339

ISI codes.

Sales of goods — The foreign affiliate is primarily engaged in selling (at wholesale or retail) goods tha

produce. These activities are coded in 4211 through 4540 of the list of ISI codes.

Services — The foreign affiliate is primarily engaged in providing a service such as utilities, transportat

warehousing; information (including newspaper, periodical, book, and database publishers, and softwar

finance and insurance; professional, scientific, and technical services; holding companies; administrative 

waste management and remediation; accommodations and food services (including restaurants, and ea

These activities are coded in 1150, 2132, 2133, 2211 through 2213, and 4810 through 8130 of the list of I

1 3

What is the MAJOR product or service involved in this activity? If a product, briefly state what is done to it, i.e., w

mined, manufactured, sold at wholesale, packaged, transported, etc. (For example, "Manufacture widgets to sell at whol

Please print or typewrite.

30.

BEA USE

ONLY

1039

1040

31.

32.

33.

34.

35.

38.

Largest sales or gross operating revenues

2nd largest sales or gross operating revenues

3rd largest sales or gross operating revenues

4th largest sales or gross operating revenues

5th largest sales or gross operating revenues

6th largest sales or gross operating revenues

TOTAL SALES OR GROSS OPERATING REVENUES — Sum of items 30 

through 37 (Insurance companies see Special Instructions, B.3.a., page 14.)

1030

1031

1032

1033

1034

1035

1038

ISI code

(1)

op

Bil. 

1 2

$

1 2

1 2

1 2

1 2

2

$

2

BEA USE

ONLY

39.

40.

36. 7th largest sales or gross operating revenues

37. Sales or gross operating revenues not accounted for above

1036

1037

1

1

2

2

Sales or gross operating revenues of foreign affiliate, by industry of sales or

gross operating revenues. Enter in columns (1) and (2) respectively, the 4-digit ISI

code(s) and the amount of sales or gross operating revenues associated with each

code. For an inactive affiliate enter a 4-digit ISI code based on its last active period.

See the Guide to Industry and Foreign Trade Classifications for International

Surveys for a full explanation of each code. (Holding companies (ISI code 5512)

must show total income as reported in item 42.)

1 2 34 5

1 2 34 5
FORM BE-10B(SF) (REV. 6/99) Page 4

$

finance and insurance companies see Special Instructions, A.1., page 14);

Sale, disposition, or revaluation of land, other property, plant and equipment, or other assets.

(Real estate companies see Special Instructions, A.2., page 14);

Remeasurement of the foreign affiliate’s foreign-currency-denominated assets and liabilities due

to changes in foreign exchange rates during the period and transaction gains (losses) taken to

income in accordance with FASB 52;

Extraordinary items (except those resulting from legal judgments and accidental damage to fixed

assets) and other unusual or infrequently occurring items.

Foreign income taxes — Provision for foreign income taxes for FY 1999.

TOTAL COSTS AND EXPENSES

b.

c.

d.

• NET INCOME

43.

44.

45. NET INCOME (LOSS) — Item 42 minus item 44

• COSTS AND EXPENSES

42. TOTAL INCOME

2044

2046

2048

2050

2051

$

$

1

1

1

1

$

 Section B — Number of Employees and Employee Compensation — See Additional Instructions Part II, Section B, o

back of this form.

47.

NUMBER OF EMPLOYEES — Employees on the payroll at the end of FY 1999 including part-time employees, but excludi

and contract employees not included on your payroll records. A count taken at some other date during the reporting perio

given provided it is a reasonable estimate of employees on the payroll at the end of FY 1999. If the number of employees a

FY 1999 (or when the count was taken) was unusually high or low due to temporary factors (e.g., a strike), enter the numbe

employees that reflects normal operations. If the number of employees fluctuates widely during the year due to seasonal b

variations, report the average number of employees on the payroll during FY 1999. Base such an average on the number o

on the payroll at the end of each pay period, month or quarter. If precise figures are not available, give your best estimate.

EMPLOYEE COMPENSATION — Expenditures made by an employer in connection with the employment of workers, inc

payments, payments-in-kind, and employer expenditures for employee benefit plans including those required by statute. B

compensation data on payroll records. Report compensation which relates to activities that occurred during the reporting p

regardless of whether the activities were charged as an expense on the income statement, charged to inventories, or capit

NOT include data related to activities of a prior period, such as those capitalized or charged to inventories in prior periods.

2068

1

TOTAL NUMBER OF EMPLOYEES* — Report the total number of employees for the year

48. TOTAL EMPLOYEE COMPENSATION — Report, for all employees, the sum of

a. Wages and salaries — Employees’ gross earnings (before payroll deductions), and direct and

in-kind payments by the employer to employees; and

b. Employee benefit plan — Employer expenditures for all employee benefit plans

Bil. 

2072

* NOTE — If total number of employees, item 47, or total employee compensation, item 48, is zero — Explain

Remarks

2040

1

46. BEA USE ONLY

1

1

$
FORM BE-10B(SF) (REV. 6/99) Page 5

49.

amount.

Current assets

• ASSETS (Insurance companies see Special Instructions, B.2 and 3.c., page 14)

Bil. 

()

Bil. Mil. Thous. Dols.

1 2

2149 $ $

Property, plant, and equipment, gross

Accumulated depreciation and depletion

Other noncurrent assets — Specify

TOTAL ASSETS — Sum of items 49 through 52

50.

51.

52.

53.

Current liabilities and long-term debt

Other noncurrent liabilities — Specify

Capital stock and additional paid-in capital

54.

55.

57.

2083

2152

2088

2150

2154

2091

2092

1 2

1 2

1 2

1 2

1 2

1 2

1 2

• LIABILITIES (Insurance companies see Special Instructions, B.3.d, page 14)

56. TOTAL LIABILITIES — Sum of items 54 and 55

• OWNERS EQUITY — INCORPORATED AFFILIATE ONLY, complete items 57

through 61

2093 $ $

$ $

$ $

58. Retained earnings (deficit) 2094

59. Translation adjustment — Cumulative amount at year end (per FASB 52) 2095

60. Other — Include involuntarily (or legally) restricted earnings — Specify

2096

2097

1 2

TOTAL OWNERS’ EQUITY (INCORPORATED FOREIGN AFFILIATE) —

Equals item 53 minus item 56 and, equals the sum of items 57 through 60

61.

$ $

• OWNERS EQUITY — UNINCORPORATED AFFILIATE ONLY, complete items 62 and 63

62. TOTAL OWNERS’ EQUITY (UNINCORPORATED FOREIGN AFFILIATE) —

EQUALS ITEM 53 MINUS ITEM 56 2098

1 2

$ $

1 2

1 2

1 2

1 2

1 2

Translation adjustment — Cumulative amount at year end (per FASB 52) —

That portion of item 62 representing the affiliate’s cumulative translation

adjustment account

63.

2099

 Section D — Property, Plant and Equipment (PP&E) See Additional Instructions for Part II, Section D on

page 12 at the back of this form. (Insurance companies also see Special Instructions, B.3.e., page 14)

Bil. 

64. Expenditures for property, plant and equipment (PP&E) — PP&E includes land, timber, mineral and

like rights owned, structures, machinery, equipment, special tools, and other depreciable property;

construction in progress; and capitalized tangible and intangible exploration and development costs, but

excludes other types of intangible assets, and land held for resale. $

1

2164

65. BEA USE ONLY 2165

Part III — INVESTMENT AND TRANSACTIONS BETWEEN FOREIGN AFFILIATE AND THE U.S. REPORT

 Section A — U.S. Reporter’s Equity in Foreign Affiliate’s Net Income, and Dividends or Distributed

Earnings — See Additional Instructions for Part III, Section A, on page 12 at the back of this form.

1

Bil. 

$

67. Net income (loss) after provision for foreign income taxes — Enter U.S. Reporter’s share of net

income, item 45. 3140

Use Part III to report the line of direct ownership included in item 12, if any, and to report direct financial positions or transac

between the U.S. Reporter and foreign affiliate.

Did the U.S. Reporter named in item 1 have a direct ownership interest in this affiliate at any time during the 

1999 fiscal year (i.e., is any column of item 12 greater than zero)? — Mark (X) one.

Yes — Complete items 67 through 84 of Part III and then continue with item 86 of Part IV.

No — 

Enter the amounts which represent the U.S. Reporter’s equity, based on its directly held equity interest. Thus if

the U.S. Reporter holds both a direct and indirect equity interest, enter the amounts which represent only the

directly held equity interest.

Dividends on common and preferred stock of incorporated foreign affiliate (Exclude stock and

liquidating dividends) or distributed earnings of unincorporated foreign affiliate — net of

foreign tax withheld.

66.

1 2

3145

68. 1

69. BEA USE ONLY 3146

1

( )( 

Complete only items 70, 71 and 80 through 84 of Part III to report any direct financial positions or transa

U.S. Reporter and foreign affiliate and then continue with item 86 of Part IV.

3139
FORM BE-10B(SF) (REV. 5/99) Page 6

72. BEA USE ONLY

Remarks

1 2

70.

71.

B

(1) 

Close FY 1999 

Bil. Mil. Thous. Dols.

3147

Owed to U.S. Reporter by the affiliate — That portion of item 54 representing

amounts owed to U.S. Reporter

Owed to affiliate by the U.S. Reporter — That portion of items 49 and 52

representing amounts due from U.S. Reporter 3148

3149

1 2

1 2

$ $

 Section C — Change in U.S. Reporter’s Equity in Capital Stock and/or Additional Paid-in Capital of Incorporate

Affiliate or Equity Investment in Unincorporated Foreign Affiliate — See Additional Instructions for Part III, Sect

page 13 at the back of this form.

1

Bil. 

$

73. Establishment of affiliate or acquisition (partial or total) of equity interest in this affiliate by

U.S. Reporter either from this affiliate or from other foreign persons 3150

Report transactions during the year that changed the U.S. Reporter’s equity holdings in the foreign affiliate. Include equity 

due to treasury stock transactions with the U.S. Reporter and liquidating dividends. Exclude equity changes due to net inco

(loss), stock and cash dividends, earnings distributions, balance sheet translation adjustments, treasury stock transactions 

persons other than the U.S. Reporter and reorganizations in capital structure that do not affect total equity. Report all am

transaction value, i.e., the value of the consideration given (received) by the U.S. Reporter.

• INCREASE IN U.S. REPORTER’S EQUITY INTEREST IN THIS AFFILIATE

Capital contributions and other transactions of the U.S. Reporter with foreign persons that

increase equity in this affiliate — Specify

74.

3151

3152

75. Acquisition (partial or total) of equity interest in this affiliate by U.S. Reporter from other U.S.

persons

• DECREASE IN U.S. REPORTER’S EQUITY INTEREST IN THIS AFFILIATE

Liquidation of affiliate or sale (partial or total) of equity interest in this affiliate by the U.S.

Reporter either to this affiliate or to other foreign persons

76. 3153

Return of capital contributions to the U.S. Reporter and other transactions of the U.S. Reporter

with foreign persons that decrease equity in this affiliate — Specify

77.

78. Sale (partial or total) of equity interest in this affiliate by U.S. Reporter to other U.S. persons

3154

3155

79. TOTAL — Equals sum of items 73, 74, and 75, minus sum of items 76, 77, and 78 3156 $

1

Report these items based on the books of the U.S. Reporter. Enter amounts received,

paid, or entered into intercompany accounts, whichever occurred first.

Receipt by U.S.

Reporter from foreign

affiliate – net of foreign

tax withheld

R

af

Interest on amounts reported in items 70 and 71, including interest on

capital leases

Royalties, license fees, and other fees for the use or sale of intangible

property

Charges for use of tangible property including film and television tape

rentals

1

1

1

1

(1) 

Bil. Mil. Thous. Dols. Bil. 

$

1 3

$

80.

81.

82.

83. Allocated expenses and sales of services

84. TOTAL — Sum of items 80 through 83

1

1

1

1

$

3160

3161

3162

3164

3172

3171

1

3

3

3

3

3

85. BEA USE ONLY

 Section D — Receipts and Payments Between the U.S. Reporter and Foreign

Affiliate — See Additional Instructions for Part III, Section D, on page 13 at the back

of this form.

1
86.

FORM BE-10B(SF) (REV. 6/99) Page 7

Yes — Continue with item 89

TOTAL Shipped by U.S.

Reporter(s)

(1) (2) 

Bil. Mil. Thous. Dols. BBil. Mil. Thous. Dols.

2

$

1

4173 $

shipped to or from) the United States, even if they were charged to the foreign affiliate by, or charged by the foreign affilia

person.

Foreign affiliates normally keep their accounting records on a "charged" basis, i.e., on the basis of when and to (or by) who

were charged. The "charged" basis may be used if there is no material difference between it and the "shipped" basis. If the

difference, the "shipped" basis must be used or adjustments made to the data on a "charged" basis to approximate a "ship

No — Skip items 89 through 101 and continue with the Supplement A on page 9.

2018 1 1

1 2

Total goods shipped in FY 1999 from the U.S. to this affiliate

88. Is this a majority owned affiliate?

• U.S. MERCHANDISE EXPORTS TO THIS FOREIGN AFFILIATE 

(Valued f.a.s. U.S. port)

• U.S. MERCHANDISE IMPORTS FROM THIS FOREIGN AFFILIATE

(Valued f.a.s. foreign port)

TOTAL Shipped to U.S.

Reporter(s)

(1) (2) 

Bil. Mil. Thous. Dols. Bil. Mil. Thous. Dols. B

1 2 

87. Total goods shipped in FY 1999 to the U.S. by this affiliate 4188

Part V — OTHER DETAILED FINANCIAL AND OPERATING DATA OF FOREIGN AFFILIATE — To be completed o

affiliate is majority-owned — See Additional Instructions for Part V on page 14 at the back of this form

Yes — Continue with item 90

No — Skip items 90 through 101 and continue with the Supplement A on page 9.

2019 1 1

1 2

89. Was any one item: (1) total assets, (2) sales or gross operating revenues excluding sales taxes, or (3) net inco

than $50 million (positive or negative) at any time during the affiliate’s 1999 fiscal year?

• Interest, depreciation and depletion, and taxes

B

$ $ 

2120 

90. Interest received — Interest received by affiliate from, or credited to affiliate by, all payors, net of tax

withheld at the source. Include all interest receipts included in item 42. Do not net against interest paid, 

item 91.

2121

91. Interest paid — Interest paid, or credited, to all payees by the affiliate, gross of tax withheld. Do not

net against interest received, item 90.

2020

92. Current-period depreciation and depletion — Current-period charges against property, plant,

equipment included in item 50.

• RESEARCH AND DEVELOPMENT (R&D) EXPENDITURES — Include all costs incurred in

performing R&D, including depreciation, amortization, wages and salaries, taxes, materials and

supplies, allocated overhead, and indirect costs.

Sales, value added, consumption, and excise taxes collected by the affiliate on goods and

services that the affiliate sold;

Taxes (other than income and payroll taxes) and nontax payments (other than production

royalty payments) — Report all such taxes and nontax payments whether or not included in

revenues or expenses in the income statement. Include amounts paid or accrued for the year, net of

refunds or credits, to foreign governments, their subdivision and agencies for —

a.

Property taxes and other taxes on the value of assets or capital;

Any remaining taxes (other than income or payroll taxes); and

Import and export duties, license fees, fines, penalties, and all other payments or accruals of

nontax liabilities (other than production royalty payments).

b.

c.

d.

NOTE — Item 94 pertains to R&D performed by the foreign affiliate, including R&D performed by the affiliate for

others under contract. This is the basis on which National Science Foundation surveys request information on

R&D.

94. R&D performed by the affiliate

• ROYALTIES, LICENSE FEES, AND OTHER FEES FOR THE USE, SALE, OR PURCHASE OF

INTANGIBLE PROPERTY

Total Receipts — Include royalties, license fees, and other amounts from U.S. persons other than the U.S.

Reporter and from all foreign persons that were received by or credited to this affiliate for the use or sale of

intangible property.

BEA USE

ONLY 2138

Remarks

1 2 3 4 5

93.

2123

95.

2126

2130

96. Total payments — Include royalties, license fees, and other amounts paid or credited by this affiliate to U.S.

persons other than the U.S. Reporter and to all foreign persons for the use or purchase of intangible

property.

97.

2134 
FORM BE-10B(SF) (REV. 6/99) Page 8

sales taxes

a. Column 

(1) equals

item 38

column 

(2).

2052

columns (2)

through (7)

Bil. Mil. Thous. Dols.

$

foreign

affiliates of

the U.S.

Reporter(s)

(2)

$

To

unaffiliated

customers

(3)

$

To U.S.

Reporter(s)

(5)

$$

1

(4) (6)

To

unaffiliated

customers

foreign

affiliates of

the U.S.

Reporter(s)

$ 

(1)

23 4 5 6 

• EMPLOYMENT OF PRODUCTION WORKERS ENGAGED IN MANUFACTURING ACTIVITIES

Complete items 99, 100 and 101 only if the foreign affiliate has manufacturing activities, i.e., has at least

one manufacturing code (ISI codes 3111–3399) entered in items 30 through 36. If more than one

manufacturing code is shown, include data for production workers in all manufacturing activities

combined.

99. Number of production workers engaged in manufacturing activities 2073

1

2074

1

2075

1

$

100. Hours worked by production workers in item 99

Total compensation of production workers — Wages and salaries and employer expenditures for

employee benefit plans for production workers reported in item 99.

101.

Bil. 

Remarks
5002

5003500450055006500750085009501050115012

Close FY 

Per

(4)

owne

affiliate 

held by 

named 

(Ente

n

. . . . . . . . . . 

(2) (3) (1)

Affiliate identification number

taken from the preprinted

Form BE-10B(LF) or

BE-10B(SF), if provided, of

each foreign affiliate listed in

column (1)

BEA USE ONLY Name of each foreign affiliate, as taken from item 2 of the Form BE-10B(LF) or BE-10B(SF) for that affiliate, in which a direct equity interest is held

FORM BE-10B(SF) Supplement A (6/99) U.S. DEPARTMENT OF COMMERCE BUREAU OF ECONOMIC ANALYSIS

LIST OF ALL FOREIGN AFFILIATES IN WHICH THE REPORTING FOREIGN

AFFILIATE (AS CONSOLIDATED) HAS A DIRECT EQUITY INTEREST BUT

WHICH ARE NOT FULLY CONSOLIDATED ON THIS FORM BE-10B(SF)

Affiliate ID Number Page No. 

of this Su

Identification — Name of foreign affiliate as shown in item 2 of Form BE-10B(SF)

BEA USEONLY 

Supplement A — List ALL foreign affiliates of the U.S. Reporter(s) in which the fullyconsolidated foreign affiliate named in item 2, has a direct equity interest, but whichare not fully consolidated on this Form BE-10B(SF). Continue listing onto as

many copied pages as needed. NOTE — Foreign affiliates listed on this Supplement Amust also file a complete Form BE-10B(LF) or BE-10B(SF), or, per instructions, belisted on the BE-10A Supplement A of its U.S. Reporter.

Page 9

C
5016

5017501850195020502150225023502450255026502750285029

Close FY 

Per

(4)

owne

affiliate 

held by 

named 

(Ente

n

. . . . . . . . . . . . . 

(2) (3) (1)

Affiliate identification number

taken from the preprinted

Form BE-10B(LF) or

BE-10B(SF), if provided, of

each foreign affiliate listed in

column (1)

BEA USE ONLY Name of each foreign affiliate, as taken from item 2 of the Form BE-10B(LF) or BE-10B(SF) for that affiliate, in which a direct equity interest is held

FORM BE-10B(SF) SUPPLEMENT A (6/99) LIST OF ALL FOREIGN AFFILIATES IN WHICH THE REPORTING FOREIGN AFFILIATE (AS CONSOLIDATED) HAS A DIRECT EQUITY INTEREST BUT WHICH ARE NOT FULLY CONSOLIDATED ON THIS FORM BE-10B(SF) — Continued Page No. 

of this Su

Page 10
6002

6003600460056006600760086009601060116012

o

(3) (1) (2)

Name of foreign affiliate which holds the direct equity

interest in the foreign affiliate listed in column (2) BEA USE ONLY Name and country of location of each foreign affiliate fully consolidated in this Form BE-10B(SF)

FORM BE-10B(SF) Supplement B (6/99) U.S. DEPARTMENT OF COMMERCE BUREAU OF ECONOMIC ANALYSIS

LIST OF ALL FOREIGN AFFILIATES FULLY CONSOLIDATED INTO THE

REPORTING FOREIGN AFFILIATE

Affiliate ID Number Page No. 

of this Su

Identification — Name of foreign affiliate as shown in item 2 of Form BE-10B(SF)

BEA USEONLY 

Supplement B — This list must be completed for the foreign affiliate for which the U.S. Reporter isreporting consolidated financial and operating data to BEA; each foreign affiliate fully consolidatedmust be more than 10 percent owned, directly or indirectly, by the U.S. Reporter and must also be

Page 11

more than 50 percent owned by the foreign affiliate named in item 2, of Form BE-10B(SFof foreign affiliates listed below plus the reporting foreign affiliate must agree with Part Form BE-10B(SF). Continue listing onto as many copied pages as needed.

C

NOTE – Consolidate affiliates only if they are located in the same country and are in the same BEA 4-digit industry or are integral parts of the same business operation.
FORM BE-10B(SF) (REV. 6/99) Page 12

Ownership by U.S. Reporter named in item 1.

30.—38.

Part II — FINANCIAL AND OPERATING DATA OF FOREIGN

AFFILIATE

Section A — Income Statement of Foreign Affiliate

7.

12.

•

42. Total income — Include the following items:

a.

b.

c.

Sales or gross operating revenues

Income from equity investments in affiliates — For affiliates

owned 20 percent or more (including majority-owned affiliate),

report equity in earnings during the reporting period; for those

owned less than 20 percent, report dividends;

Income from other equity investments;

Certain realized and unrealized gains (losses) net of income tax

effects; and

Other income

d.

e.

43. Foreign Income Taxes — Exclude production royalty payments,

and U.S. income taxes.

Section B — Number of Employees and Employee

Compensation

Employee compensation — Consists of wages and salaries of

employees and employer expenditures for all employee benefit

plans.

•

48.

Country of location Enter International if the affiliate is engaged

in petroleum shipping, other water transportation, or oil and gas

drilling, and has operations spanning more than one country. For

example, classify as "International" an oil drilling rig that moves

from country to country during the year.

Equity interest is the U.S. Reporter’s direct ownership in the total

equity (voting and nonvoting) of the affiliate. Examples of

nonvoting equity include nonvoting stock and a limited partner’s

interest in a partnership.

Voting interest is the U.S. Reporter’s direct ownership in just the

voting equity of the affiliate. Examples of voting equity include

voting stock and a general partner’s interest in a partnership.

Thus, a U.S. Reporter could have a 100 percent direct voting

interest in an affiliate but own less than 100 percent of the

affiliate’s total equity.

Sales or gross operating revenues of foreign affiliate, by

industry of sales or gross operating revenues. Report gross

operating revenues or gross sales minus returns, allowances, and

discounts. Exclude sales or consumption taxes levied directly on

the consumer. Exclude net value-added and excise taxes levied on

manufacturers, wholesalers, and retailers. Affiliates classified in ISI

codes 5223, 5224, 5231, 5238, 5252 and 5331 report interest

income. Insurance companies with ISI codes 5243 and 5249

include gross investment income. (Dealers in financial instruments

and finance, insurance, and real estate companies see Special

Instructions on page 14.)

Holding companies (ISI code 5512) must show total income as

reported in item 42. To be considered a holding company, income

from equity investments must be more than 50 percent of total

income. In addition, normally at least 50 percent of total assets

must consist of investments in affiliates. ISI code 5512, (holding

company), is an invalid classification if more than 50 percent of

income generated, or expected to be generated, by an affiliate is

from non-holding company activities.

Wages and salaries — Report gross earnings of all employees

before deduction of employees’ payroll withholding taxes, social

insurance contributions, group insurance premiums, union dues,

etc. Include time and piece rate payments, cost of living

adjustments, overtime pay and shift differentials, bonuses, profit

sharing amounts, and commissions. Exclude commissions paid to

independent personnel who are not employees.

Include direct payments by employers for vacations, sick leave,

severance (redundancy) pay, etc. Exclude payments made by, or

on behalf of, benefit funds rather than by the employer. (Include

employer contributions to benefit funds in "employee benefit

plans" as discussed below.)

Include in-kind payments, valued at their cost, that are clearly and

primarily of benefit to the employees as consumers. Do not

include expenditures that benefit employers as well as employees,

such as expenditures for plant facilities, employee training

programs, and reimbursement of business expenses.

Employee benefit plans — Report employer expenditures for all

employee benefit plans, including those mandated by government

statute, resulting from collective bargaining contracts and those

that are voluntary. Include Social Security and other retirement

plans, life and disability insurance, guaranteed sick pay programs,

workers’ compensation insurance, medical insurance, family

allowances, unemployment insurance, severance pay funds, etc.

Also, include deferred post employment and post retirement

expenses per FASB 106. If plans are financed jointly by the

employer and the employee, include only the contributions of the

employer.

Current assets  Include deposits in financia

other cash items. Do NOT include overdrafts a

Instead, report overdrafts in item 54 (current li

long-term debt). Include current trade account

receivable, and other current receivables. Inclu

deposits (CDs) representing cash of the affiliat

coming due within 12 months of the balance s

CDs coming due more than 12 months from th

date in item 52 (other noncurrent assets). Inclu

other current assets, including land held for re

marketable securities.

Property, plant, and equipment, gross — R

value of land, timber, mineral rights and simila

Also include structures, machinery, equipment

deposit containers, construction in progress, o

property and capitalized tangible and intangib

development costs of the foreign affiliate. Inclu

leases from others, per FASB13. Exclude all o

intangible assets, and land held for resale. (Un

affiliates include items owned by the U.S. Rep

affiliate’s possession whether or not carried on 

or records. Insurance companies see Special I

page 15.)

Other noncurrent assets — Include the nonc

CDs representing cash of the affiliate held by o

due more than 12 months from the balance sh

investments, whether carried at cost or on the 

noncurrent investments; intangible assets net 

noncurrent marketable securities; noncurrent a

notes receivable net of allowance for doubtful 

other noncurrent assets not reported elsewher

balances in these accounts in item 55 (other n

Current liabilities and long-term debt — In

accounts and trade notes payable; overdrafts, 

liabilities and long-term debt. Include intercom

with unaffiliated parties. Also include lease ob

per FASB 13 with an original maturity of more 

with no stated maturity.

Other noncurrent liabilities — Include nonc

exclude long-term debt. Include deferred taxes 

interest in consolidated subsidiaries. Report de

these accounts in item 52 (other noncurrent as

long-term intercompany debt (include in item 

Capital stock and additional paid-in capita

common and preferred, voting and nonvoting 

additional paid-in capital.

Retained earnings (deficit) — Include earnin

corporation and legally available for dividends

voluntarily restricted; and the cumulative bala

holding gains and losses due to changes in the 

available-for-sale securities per FASB 115.

Section D Property, Plant and Equipment (P

Include items leased from others (including lan

leases. Also include the capitalized value of tim

similar rights leased by the affiliate from other

items the affiliate has sold under a capital leas

For affiliates engaged in exploring for or d

resources, include exploration and developm

made during FY 1999 that were capitalized, inc

expenditures to acquire or lease mineral rights

adjustments for expenditures charged against 

years but subsequently capitalized during FY 1

Section A — U.S. Reporter’s Equity in Foreig

Income, and Dividends or Distributed Earni

Report this item based on the books of the U.S

amount received or entered into intercompany 

whichever occurred first. Include amounts for 

made in kind. If a receivable was booked in a p

period, do not report the collection of the rece

period. Show the collection as a reduction to t

account item 70.

Section B — Debt and Other Intercompany B

Between Foreign Affiliate and U.S. Reporte

70.— 71.

Disaggregate lease payments into their compo

return of capital, consisting of principal payme

leases and the depreciation component for op

items 70 and 71. Report the interest componen

leases in item 80. Report the net rent for opera

item 82.

49.

•

50.

52.

54.

55.

57.

58.

64.

Part III — INVESTMENT AND TRANSACTIO

FOREIGN AFFILIATE AND THE U.S. R

68.

•

•
FORM BE-10B(SF) (REV. 6/99) Page 13

Include the FY 1998 closing net book value of the leased

equipment in column 2.

The closing net book value of leased equipment would have to be

obtained from the books of the U.S. Reporter.

If the foreign affiliate has leased equipment to the U.S. Reporter

under a long-term operating lease (i.e., the lease is for more than

one year), then:

Include the FY 1999 closing net book value of the leased

equipment in column 1, and;

Include the FY 1998 closing net book value of the leased

equipment in column 2.

The closing net book value of leased equipment would be

obtained from the books of the foreign affiliate.

Section C — Change in U.S. Reporter’s Equity in Capital

Stock and/or Additional Paid-in Capital of Incorporated

Foreign Affiliate or Equity Investment in Unincorporated

Foreign Affiliate

Increase in U.S. Reporter’s Equity Interest in This Affiliate

73.—75.

For a newly established or acquired affiliate, report what the U.S.

Reporter paid and/or borrowed to establish or acquire the affiliate

in item 73 or 75 as appropriate. Do not report the book value of

the equity interest if it differs from what was paid.

Decrease in U.S. Reporter’s Equity Interest in This Affiliate

76.—78.

For an affiliate that is sold, report the sale price in item 76 or 78 as

appropriate. Include foreign income taxes, if any, on gains (and

tax refunds on losses) in the calculation of these items. Report the

ending intercompany debt position for the affiliate (in column 1 of

items 70 and 71) as zero. If debt positions still exist, they are

between a U.S. person and an unaffiliated foreign person, and

may be reportable on the Department of the Treasury International

Capital report forms.

For investments written off, enter zero in items 76-78. If an account

receivable due to the U.S. Reporter from the affiliate is written off,

report the amount of the receivable in item 74 as a capital

contribution.

Section D — Receipts and Payments Between the U.S.

Reporter and Foreign Affiliate

80.— 84.

Include amounts for which payment was made in kind. If a

receivable or payable for one of these items was booked in a prior

reporting period, do not report the collection of the receivable or

payment of the payable if collected or paid in the current period.

Show such a collection or payment only as a reduction to an

intercompany account (items 70 and 71).

80.

Reporting for Interest Rate and Foreign Currency Swap

Agreements Between the U.S. Reporter and the Foreign

Affiliate — Report interest accruals under the terms of interest

rate and foreign currency swap agreements on a net basis. Do not

report gross receipts and gross payments of interest based upon

marking positions to market daily. Instead, report the net amount

of these gross receipts or payments either as net interest received

or net interest paid, as appropriate. Record any explicit fees paid

to, or received from, a foreign affiliate for arranging a swap as a

charge for services rendered in item 83 (Allocated expenses and

sales of services).

Charges for use of tangible property

Include in column 1 rental payments to the U.S. Reporter under

operating leases of one year or less. Include net rental payments

to the U.S. Reporter under operating leases of more than one year.

(Net rent equals the total rents paid to the U.S. Reporter for the

reporting period less the return of capital (depreciation)

component charged against the leased equipment on the books of

the U.S. Reporter for the part of FY 1999 that the lease was in

existence.)

Include in column 2 rent receipts from the U.S. Reporter under

operating leases of one year or less. Include net rent receipts from

the U.S. Reporter under operating leases of more than one year.

(Net rent equals the total rents received from the U.S. Reporter

less the amount of depreciation expense charged against the

leased equipment on the books of the foreign affiliate for the part

of FY 1999 that the lease was in existence.)

Insurance services — To avoid duplication w

surveys, report only receipts or payments for t

between a foreign insurance affiliate and those 

consolidated U.S. Reporter that are not insura

not in ISI codes 631, 632, or 639). Report in co

received by the U.S. Reporter from the foreign 

incurred by the U.S. Reporter under primary in

U.S. Reporter by the foreign affiliate. Report in 

premiums paid by the U.S. Reporter to the for

purchase of primary insurance from the foreig

Financial Services — Report in columns 1 an

commissions for financial services. Include bro

commissions on transactions executed for the 

foreign affiliate’s) own account, or for the acco

customers. Also include selling concessions re

Reporter (or foreign affiliate) who is a lead und

Transportation — Report in column 1 amoun

U.S. Reporter from the foreign affiliate for carr

from the United States to foreign destinations 

freight between foreign destinations. Report in 

paid by the U.S. Reporter to the foreign affiliat

merchandise from foreign countries to U.S. de

between foreign destinations.

Computer and information services — Rep

and 2 receipts and payments for computer and 

services, including data entry, processing, and 

computer systems analysis, design, engineerin

programming; and other computer services in

sharing, maintenance and repair. Also report r

payments for database and other information 

business, financial, or technical databases; res

and credit reporting and authorization systems

Communication services — Report in colum

and payments between the U.S. Reporter and 

for:

Message telephone services and other jointly 

services — Report receipts for the U.S. Report

revenues for transmitting messages (including 

satellite, images, telex, telegram, cable, etc.) o

or through U.S. destinations, or between forei

Report payments for transmitting messages o

routed through, the United States to foreign d

Private leased channel services — Report rece

and circuits terminating in the United States a

circuits between foreign countries. Report pay

channels and circuits terminating in foreign co

Value-added telecommunications services — E

mail, and code and protocol processing; facsim

video conferencing; Internet connections (inclu

backbone and router services); and other value

Support services related to the maintenance a

telecommunications equipment, ground statio

leasing for transiting, and launching of commu

satellites.

Part IV — U.S. MERCHANDISE TRA

FOREIGN AFFILIATE

86.—87.

Differences between the "charged" and "shippe

substantial. A major difference arises when the 

goods in country A and sells them in country B

shipped directly from country A to country B. B

did not physically enter or leave the United Sta

U.S. trade. However, when the U.S. Reporter re

transactions on its books, it shows a purchase 

country A and a sale charged by it to country B

Reporter’s trade data in this survey were prepa

"charged" basis, the purchase and sale would a

as a U.S. import and a U.S. export, respectively

arise when the U.S. Reporter charges the sale 

foreign affiliate in one country, but ships the g

the United States to an unaffiliated foreigner in 

the data are on the "shipped" basis, this is a U.

unaffiliated foreigner, not to the foreign affiliat

recorded on the BE-10B of the foreign affiliate.

If a material difference exists between the "cha

bases, trade must be reported on the "shipped

the U.S. Reporter may have to derive the data 

import declarations filed with U.S. Customs or 

receiving documents, rather than from account

have to otherwise adjust its data from a "charg

basis.

71.

•

•

Interest — Except as described in the next paragraph, report

interest receipts and interest payments at gross. Do not net the

receipts against the payments.

82.

When there is a material difference between th

"shipped" bases and the data have not been fil

basis, or the necessary adjustments have not b

approximate a "shipped" basis, then BEA will r

be refiled.
FORM BE-10B(SF) (REV. 6/99) Page 14

or purchases, or entered into intercompany accounts when initially

consigned. Include capital goods but exclude the value of ships,

planes, railroad rolling stock, and trucks that were temporarily

outside the United States transporting people or merchandise.

Also exclude services. An affiliate’s U.S. merchandise exports and

imports may differ from the affiliate’s purchases from or sales to

the United States because purchases and sales may include

services while merchandise exports and imports include only

goods.

Exclude from exports and imports the value of goods that are in-transit. In-transit goods are goods that are not processed or

consumed by residents in the intermediate country(ies) through

which they transit; the in-transit goods enter those countries only

because those countries are along the shipping lines between the

exporting and importing countries. In-transit imports are goods en

route from one foreign country to another via the United States

(such as from Canada to Mexico via the United states), and

in-transit exports are goods en route from one part of the United

States to another part via a foreign country (such as from Alaska

to Washington State via Canada).

Timing. Only include goods actually shipped between the United

States and the affiliate during FY 1999 regardless of when the

goods were charged or consigned. For example, include goods

shipped by the U.S. Reporter to the affiliate in FY 1999 that were

charged or consigned in FY 2000, but exclude goods shipped to

the affiliate in FY 1998 that were charged or consigned to the

affiliate in FY 1999.

Trade of a foreign affiliate. Goods shipped by, or to, a foreign

affiliate, whether or not actually charged or consigned by, or to,

the foreign affiliate are considered to be trade of the foreign

affiliate.

By (or to) whom goods were shipped. Shipment by, or to, an

entity refers to the physical movement of merchandise to or from

the U.S. customs area by, or to, that entity regardless of by, or to

whom the merchandise was charged or consigned. Thus, for

example, if the U.S. Reporter charges goods to a German affiliate

but ships them to an Italian affiliate, the goods should be recorded

as U.S. merchandise exports shipped by the U.S. Reporter on the

Form BE-10B(LF) or (SF) of the Italian affiliate, but not on the Form

BE-10B(LF) or (SF) of the German affiliate. Similarly, if goods were

charged by the U.S. Reporter to an affiliate but shipped to the

affiliate by another U.S. person, the goods should be considered a

U.S. merchandise export shipped by "other U.S. persons," not the

U.S. Reporter, on the affiliate’s Form BE-10B(LF) or (SF).

Note — Merchandise shipped by an independent carrier or a

freight forwarder at the expense of an entity are shipments by that

entity.

Valuation of exports and imports. Value U.S. merchandise

exports and imports f.a.s. (free alongside ship) at the

port-of-exportation. This includes all costs incurred up to the point

of loading the goods aboard the export carrier at the U.S. or

foreign port of exportation, including the selling price at the

interior point of shipment (or cost if not sold), packaging costs,

and inland freight and insurance. It excludes all subsequent costs,

such as loading costs, U.S. and foreign import duties, and freight

and insurance from the port of exportation to the port of entry.

Part V OTHER DETAILED FINANCIAL AND OPERATING

DATA OF MAJORITY- OWNED FOREIGN AFFILIATE

Research and development expenditures — Research and

development (R&D) includes basic and applied research in science

and engineering, and the design and development of prototypes

and processes, if the purpose of such activity is to:

Pursue a planned search for new knowledge whether or not the

search has reference to a specific application;

Apply existing knowledge to the creation of a new product or

process, including evaluation of use; or

Apply existing knowledge to the employment of a present

product or process.

R&D includes the activities described above, whether assigned

to separate R&D organizational units of the company or

conducted by company laboratories and technical groups that

are not a part of a separate R&D organization.

Include all costs incurred to support R&D, including R&D

depreciation and overhead. Exclude capital expenditures,

routine product testing and quality control conducted during

commercial production, geological and geophysical

exploration, market research and surveys, and legal work

pertaining to patents.

Distribution of sales or gross operating revenues

Report the source of real estate rental income in columns 2

through 7 based on the location of the property. Finance or

insurance companies that include investment income in gross

operating revenues should report the source of such investment

income in columns 2 through 7 based on the location of the issuer

of the financial instrument whether publicly issued or privately

placed. If the location of the issuer is unknown, then substitute the

nationality of the issuer. If both the location and nationality of the

issuer are unknown, and an intermediary (e.g. trustee, custodian,

or nominee) is used to manage the investment (financial

instrument or real estate) use the country of location of the

intermediary.

concept described above, may submit data a

country definitions.

100.

Data on hours worked and total compensatio

hourly compensation rates for production wo

estimates, compute the implied hourly comp

divide total for production workers by their h

it appears reasonable.

SPECIAL INSTRUCTIONS FOR DEALERS IN 

INSTRUMENTS, FINANCE COMPANIES, IN

COMPANIES AND REAL ESTATE COMP

A.

1.

2. Real estate companies

Realized gains and losses

Include gains or losses from the sale of real 

ordinary course of trade or business in item 

Impairment of long-lived assets

Include impairment losses, as defined by FA

during the period in item 41.

Unrealized gains

Include gains recognized due to the revaluat

assets in items 58 (item 62 if unincorporated

these unrealized gains in item 41.

94.

1.

2.

3.

98.

Hours worked by production workers — 

standby or reporting time but exclude holida

or other paid leave. Obtain data on hours wo

records. However, reasonable estimates are 

payroll records is burdensome. Such estimat

for example, by multiplying the number of p

your estimate of average hours worked per p

the reporting period. However, such estimate

hours worked (standby or reporting time), an

for holiday, vacation, sick leave, or other paid 

Certain realized and unrealized gains (losse

financial instruments and finance, insuran

estate companies.

Gains or losses from the sale, disposition, o

other property, plant and equipment, or othe

Dealers in financial instruments (includi

currencies, derivatives, and other financ

and finance and insurance companies — 

(1) impairment losses, (2) realized gains or lo

dealing, and (3) unrealized gains or losses d

valuation of financial instruments that flow t

statement. Do not include in item 41 unrea

due to changes in the valuation of financial 

taken directly to retained earnings. (Report i

to fees and commissions in item 38.)

1.

3.

a.

b.

c.

d.

e.

When there is a difference between the finan

data reported to the stockholders and the da

annual statement to an insurance departmen

on the same basis as the annual report to th

Valuation should be according to normal com

procedures, not at rates promulgated by nat

departments, i.e., include assets not accepta

the annual statement to an insurance depart

non-trusteed or free account assets and 2. no

such as furniture and equipment, agents’ de

receivables deemed to be collectible. Include 

securities valuation reserves that are approp

earnings in the owners’ equity section of the 

in the liability section.

B. Special instructions for insurance compan

Instructions for reporting specific items

Sales or gross operating revenues, ex

taxes (item 38) — Include items such as 

annuity considerations, gross investment 

of a similar nature. Exclude income from 

in unconsolidated business enterprises th

in item 42 and exclude certain realized an

or losses that are to be reported in item 4

Certain realized and unrealized gains 

See Special Instructions, A.1., on page 13

Current assets (item 49) — Include cur

agents’ balances, uncollected premiums, 

recoverable from reinsurers, and other cu

accounts receivable (net of allowances fo

arising from the ordinary course of busin

Current liabilities and long-term debt 

Include current items such as loss liabiliti

commissions due, and other current liabi

the ordinary course of business, and long

policy reserves in "Other noncurrent liabi

are clearly current liabilities.

Expenditures for property, plant, and 

64) — Include expenditures and all relate

depletion, and like charges WHEREVER C

BALANCE SHEET (e.g., include expenditu

classified in "other noncurrent assets").

2. Do not include assets of the U.S. Reporter he

location of the affiliate and that are for the b

Reporter’s policyholders in the data reported 
FORM BE-10B(SF) (REV. 6/99) Page 15

MINING

Oil and gas extraction

Coal

Nonmetallic minerals

Iron ores

Support activities for mining,

except for oil and gas operations

UTILITIES

Electric power generation,

transmission, and distribution

CONSTRUCTION

Building, developing, and

general contracting

MANUFACTURING

Animal foods 

Printing and related support

activities

Other general purpose machinery

WHOLESALE TRADE

Motor vehicles and motor vehicle

parts and supplies

Pesticides, fertilizers, and other

agricultural chemicals

Railroad rolling stock

1150

2111

2121

2123

2124

2125

2126

2127

2132

2133

2211

2212

2213

2330

2340

2350

3111

3112

3113

3114

3115

3116

3117

3118

3119

3121

3122

3130

3140

3150

3160

3221

3222

3231

3242

3243

3244

3251

3252

3253

3254

3255

3256

3259

3261

3262

3271

3272

3273

3274

3279

3311

3312

3313

3314

3315

3321

3327

3328

3329

3331

3332

3333

3334

3335

3336

3339

3341

3342

3343

3344

3345

3346

3351

3352

3353

3359

3361

3362

3363

3364

3365

3366

3369

3370

3391

3399

4211

4212

4213

4214

4215

4216

4217

4218

4219

4221

4222

4223

4224

4225

4226

4227

4228

4229

DURABLE GOODS

Paper and paper products

NONDURABLE GOODS

Copper, nickel, lead, and zinc ores

Other metal ores

Support activities for oil and gas

operations

Support activities for agriculture

and forestry

Gold and silver ores 

Natural gas distribution

Water, sewage, and other systems

Heavy construction

Special trade contractors

Grain and oilseed milling

Sugar and confectionery

products

Fruit and vegetable preserving

and specialty foods

Dairy products

Meat products

Seafood product preparation

and packaging

Bakeries and tortillas

Other food products

Beverages

Tobacco

Textile mills

Textile product mills

Apparel

Leather and allied products

Wood products

Pulp, paper, and paperboard

mills

Converted paper products

Integrated petroleum refining

and extraction

Petroleum refining without

extraction

Other petroleum and coal

products

Basic chemicals

Resins, synthetic rubbers, and

artificial and synthetic fibers and

filaments

Pharmaceuticals and medicines

Paints, coatings, and adhesives

Soap, cleaning compounds, and

toilet preparations

Other chemical products and

preparations

Plastics products

Rubber products

Clay products and refractories

Glass and glass products

Cement and concrete products

Lime and gypsum products

Other nonmetallic mineral

products

Iron and steel mills and

ferroalloys

Steel products from purchased

steel

Alumina and aluminum

production and processing

Nonferrous metal (except

aluminum) production and

processing

Foundries

Forging and stamping

Machine shops, turned products, 

and screws, nuts, and bolts

Coating, engraving, heat

treating, and allied activities

Other fabricated metal products

Agriculture, construction, and

mining machinery

Industrial machinery

Commercial and service

industry machinery

Ventilation, heating, air conditioning,

and commercial refrigeration

equipment

Metalworking machinery

Engines, turbines, and power

transmission equipment

Computer and peripheral equipment

Communications equipment

Audio and video equipment

Semiconductors and other

electronic components

Navigational, measuring, electromedical, and control instruments

Manufacturing and reproducing

magnetic and optical media

Electric lighting equipment

Household appliances

Electrical equipment

Other electrical equipment and

components

Motor vehicles

Motor vehicle bodies and trailers

Motor vehicle parts

Aerospace products and parts

Ship and boat building

Other transportation equipment

Furniture and related products

Medical equipment and supplies

Other miscellaneous manufacturing

Furniture and home furnishings

Lumber and other construction

materials

Professional and commercial

equipment and supplies

Metals and minerals (except petroleum)

Electrical goods

Hardware, and plumbing and heating

equipment and supplies

Machinery, equipment, and supplies

Miscellaneous durable goods

Drugs and druggists’ sundries

Apparel, piece goods, and notions

Grocery and related products

Farm product raw materials

Chemical and allied products

Petroleum and petroleum products

Beer, wine, and distilled alcoholic

beverages

Miscellaneous nondurable goods

4410

RETAIL TRADE

Motor vehicle and parts dealers

4420

4431

4440

4450

4461

4471

4480

4510

4520

4530

4540

4840

4850

4863

4868

4870

4880

4920

4932

4939

Furniture and home furnishings

stores

Electronics and appliance stores

Building material and garden

equipment and supplies dealers

Food and beverage stores

Health and personal care stores

Gasoline stations

Clothing and clothing accessories

stores

Sporting goods, hobby, book,

and music stores

General merchandise stores

Miscellaneous store retailers

Nonstore retailers

Truck transportation

Transit and ground p

transportation

Pipeline transportati

refined petroleum 

natural gas

Other pipeline transp

Scenic and sightseei

Couriers and messen

Petroleum storage fo

Other warehousing a

Support activities fo

3210

INFORMATIO

Newspaper, periodic

database publishe

Securities and comm

contracts intermed

brokerage

REAL ESTATE AND 

AND LEASI

Real estate

PROFESSIONAL, SC

AND TECHNICAL S

Legal services

5111

5112

5121

5122

5131

5132

5133

5141

5142

5221

5223

5224

5229

5231

5238

5242

5243

5249

5252

5310

5321

5329

5331

5411

5412

5413

5414

5415

5416

5417

5418

5419

5512

5513

Non-depository bran

agencies

MANAGEMENT OF C

AND ENTERPR

Holding companies, 

holding companie

FINANCE AND INSU

Depository credit int

(Banking)

Software publishers

Motion picture and v

Sound recording ind

Radio and television 

Cable networks and 

distribution

Telecommunications

Information services

Data processing serv

Activities related to c

intermediation

Non-depository cred

intermediation

Accounting, tax prep

bookkeeping, and 

services

Architectural, engine

related services

Specialized design s

Computer systems d

related services

Management, scient

technical consultin

Scientific research a

development serv

Advertising and rela

Other professional, s

and technical serv

Automotive equipme

and leasing

Other rental and leas

Lessors of non-finan

intangible assets (

copyrighted works

Corporate, subsidiar

regional managem

Other financial inves

activities and exch

Agencies, brokerage

insurance related 

Insurance carriers, e

insurance carriers

Life insurance carrie

Funds, trusts and oth

vehicles, except R
FORM BE-10B(SF) (REV. 6/99) Page 16

Employment services

Business support services

Services to buildings and dwellings

EDUCATIONAL SERVICES

Educational services

ARTS, ENTERTAINMENT, AND

RECREATION

Performing arts, spectator

sports, and related industries

OTHER 

Repair and m

5613

5614

5615

5616

5617

5620

6110

6240

7110

7121

7130

8110

8120

8130 Investigation and security services

PUBLIC ADM

9200 Public admin

Travel arrangement and

reservation services

Other support services

Waste management and remediation 

services

Social assistance

Museums, historical sites, and

similar institutions

Amusement, gambling, and

recreation industries

Personal and 

Religious, gr

profession

organizati

5619
OMB No. 0608-0049: Approval Expires 11/30/2002 BEA USE ONLY Reporter ID Number D

FORM BE-10A BANK (Report for a U.S. Reporter that is a Bank) (REV. 6/99)

U.S. DEPARTMENT OF COMMERCE BUREAU OF ECONOMIC ANALYSIS

MANDATORY — CONFIDENTIAL

BENCHMARK SURVEY OF U.S. DIRECT INVESTMENT ABROAD — 1999

MAIL REPORTS TO:

U.S. Department of Commerce

Bureau of Economic Analysis

BE-69(A)

Washington, DC 20230

OR

DELIVER REPORTS TO:

U.S. Department of Commerce

Bureau of Economic Analysis

BE-69(A)

Shipping and Receiving, 

Section M-100

1441 L Street, NW

Washington, DC 20005

1. Name and address of U.S. Reporter

IMPORTANT

Public reporting burden for this BE-10 report (comprising Form BE-10A or BE-10A BANK and Form(s) BE-10B(LF), BE-10B(SF) and/or

BE-10B BANK) is estimated to vary from 14 to 8,500 hours per response, with an average of 130 hours per response. This burden includes

time for reviewing instructions, searching existing data sources, gathering and maintaining the data needed, and completing and reviewing

the collection of information. Send comments regarding this burden estimate to Director, Bureau of Economic Analysis (BE-1), U.S.

Department of Commerce, Washington, DC 20230; and to the Office of Management and Budget, Paperwork Reduction Project 0608-0049,

Washington, DC 20503.

• Who must report — Form BE-10A Bank must be filed by each U.S. person that is a bank and has a foreign affiliate reportable in this

survey. Data on Form BE-10A pertain to the fully consolidated U.S. domestic business enterprise. DO NOT FULLY CONSOLIDATE

OPERATIONS OF FOREIGN AFFILIATES ON FORM BE-10A BANK. Report data pertaining to the operations of nonbank foreign

affiliates of U.S. Bank Reporters on Form BE-10B(SF). See Instruction Booklet, Part I, for detailed reporting requirements.

• U.S. Reporter’s 1999 fiscal year — The U.S. Reporter’s financial reporting year that has an ending date in calendar year 1999. See

Instruction Booklet, Part II.A.

Due date — A completed BE-10 report is due on the following dates:

May 31, 2000 for a U.S. Reporter required to file fewer than 50 Forms BE-10B(LF), BE-10B(SF), and/or BE-10B BANK;

•

June 30, 2000 for a U.S. Reporter required to file 50 or more Forms BE-10B(LF), BE-10B(SF), and/or BE-10B BANK.

Currency amounts — Report in U.S. dollars rounded to thousands (omitting 000). Do not

enter amounts in the shaded portions of each line. EXAMPLE – If amount is $1,334,891.00, report as •

Bil. Mil. Thous. Dols.

If an item is between + or – $500.00, enter "0." Use parenthesis () to indicate negative numbers.

• Contact us for help — Telephone: 202–606–5566; FAX: 202–606–5312 or 5317; E-mail: be10/11@bea.doc.gov.

MANDATORY

This survey is being conducted under the International Investment and Trade in Services Survey Act (P.L.

94-472, 90 Stat. 2059, 22 U.S.C. 3101–3108, as amended – hereinafter "the Act"), and the filing of reports is

mandatory under Section 5(b)(2) of the Act (22 U.S.C. 3104).

PENALTIES

The Act provides that your report to this Bureau is CONFIDENTIAL and may be used only for analytical or

statistical purposes. Without your prior written permission, the information filed in your report CANNOT be

presented in a manner that allows it to be individually identified. Your report CANNOT be used for purposes of

taxation, investigation, or regulation. Copies retained in your files are immune from legal process.

Whoever fails to report shall be subject to a civil penalty of not less than $2,500, and not more that $25,000, and

to injunctive relief commanding such person to comply, or both. Whoever willfully fails to report shall be fined

not more than $10,000 and, if an individual, may be imprisoned for not more than one year, or both. Any officer,

director, employee, or agent of any corporation who knowingly participates in such violations, upon conviction,

may be punished by a like fine, imprisonment or both. (22 U.S.C. 3105)

CONFIDENTIALITY

Notwithstanding any other provision of the law, no person is required to respond to, nor shall any person be

subject to a penalty for failure to comply with, a collection of information subject to the requirements of the

Paperwork Reduction Act, unless that collection of information displays a currently valid OMB Control Number.

Telephone

Area code Number Extension

FAX Number

E-mail address

Telephone

Area code Number Extension

FAX Number

Print or type name and title

Authorized official’s signature Date

CERTIFICATION – The undersigned official certifies that this report

(consisting of Form BE-10A BANK and Form(s) BE-10B(SF),

and/or BE-10B(BANK)) has been prepared in accordance with the

applicable instructions, is complete, and is substantially accurate

except that, in accordance with Part IV.E. of the Instruction Booklet,

estimates have been provided where data are not available from

customary accounting records or precise data could not be obtained

without undue burden.

Read the Instruction Booklet, which contains definitions and reporting requirements, before completing this form. The Instruction Booklet,

Part I.C., has information for U.S. Reporters and foreign affiliates that are banks or bank holding companies. "Additional" Instructions

specific to line items are provided at the back of this form.

PERSON TO CONSULT CONCERNING QUESTIONS ABOUT

THIS REPORT

Name

Address

Form BE-10A BANK is to be used only by a U.S. Reporter that is a bank, i.e., a business enterprise with over 50 percent of its total gross

operating revenues generated by activities classified in International Surveys Industry code 5221. A U.S. reporter that is not a bank, but that

has a bank foreign affiliate, must file Form BE-10A (Report for Nonbank U.S. Reporter) for itself and a Form BE-10B BANK for the bank foreign

affiliate.
1004

Yes — 1 1003 1

No — Complete the remainder of this form.

2. Form of organization of U.S. Reporter — Mark (X) one.

Complete the "BE-10, CLAIM FOR NOT FILING." On the claim, mark (X) box number B.2. and enter the name and

address of U.S. business enterprise with whose data your data will be consolidated in accordance with the

definition of fully consolidated U.S. domestic business enterprise. (See Instruction Booklet, Part I.B.1.b.) Submit

the claim to BEA and forward the remainder of the BE-10 survey packet to the U.S. business enterprise with whose

data your data will be consolidated. If this cannot be done, please contact us for further instructions.

Corporation 1 1002 1

1 3 Other — Specify

3. If the U.S. Reporter is a corporation, is the corporation owned to the extent of more than 50% of its

voting stock by another U.S. business enterprise?

4. Enter Employer Identification Number(s) used by U.S. Reporter to file income and payroll taxes. Show

additional numbers on a separate sheet if necessary.

1 2

5. The number of foreign affiliate reports (BE-10B(SF), and BE-10B (BANK)) that you are required to file.

1

Number If you also have exempt foreign affiliates, list them on the BE-10A BANK SUPPLEMENT A

(page 5) and give the requested information for each. (Do not include foreign affiliates listed

on the supplement in the number given here.)

1005

6. The ending date of this U.S. Reporter’s 1999 fiscal year.

Month Day Year

1999

1

7. Was there a change in the entity due to mergers, acquisitions, divestitures, etc., or a change in accounting principles during

FY 1999 that caused FY 1998 data to be restated?

1006

Yes 1007

No

1 2

Part I – IDENTIFICATION OF U.S. REPORTER

See Additional Instructions for Part I on page 7 at the back of this form.

8. If the U.S. Reporter is a corporation, are all U.S. domestic entities covered by the definition of fully

consolidated U.S. Reporter (See Instruction Booklet, Part I.B.1.b.) included in this BE-10A report?

Yes 1008

No — PERMISSION MUST HAVE BEEN REQUESTED OF, AND GRANTED BY, BEA TO FILE ON AN UNCONSOLIDATED

BASIS. You must file a separate Form BE-10A or BE-10A (BANK) for each unconsolidated U.S. domestic entity.

Enter the name under which each separate Form BE-10A or BE-10A (BANK) is being filed.

FORM BE-10A BANK (REV. 6/99) Page 2

1 1

1 2

1 1

1 2

1015

2nd largest sales or gross operating revenues

3rd largest sales or gross operating revenues

4th largest sales or gross operating revenues

5th largest sales or gross operating revenues

Sales or gross operating revenues not accounted for above.

(1)

Sales or gross

operating revenues

(2)

Bil. Mil. Thous. Dols.

1

Sales or gross operating revenues of fully consolidated domestic U.S. Reporter, by industry of sales or gross operating

revenues. Enter in columns (1) and (2) respectively, the 4-digit ISI code(s) and the amount of sales or gross operating revenues associated

with each code. For an inactive U.S. Reporter, enter a 4-digit ISI code based on its last active period. See the Guide to Industry and Foreign

Trade Classifications for International Surveys for a full explanation of each code. See Additional Instructions for Part I, page 7, at the

back of this form.

12 3 4 5

ISI code

2

9. BANKING (depository institutions — ISI code 5221) $

10.

11.

12.

13.

14.

15. TOTAL SALES OR GROSS OPERATING REVENUES — Sum of items 9

through 14

5221

1016

1017

1018

1019

1026

1027

1 2

1 2

1 2

1 2

1 2

2

2

$

BEA USE

ONLY

16.

12 3 4 5

1029

1030
BE-10A BANK

FORM BE-10A BANK (REV. 6/99) Page 3

Bil. Mil. Thous. Dols.

Part II – SELECTED FINANCIAL AND OPERATING DATA OF U.S. REPORTER

See Additional Instructions for Part II on page 7 at the back of this form.

Reporter ID Number D

Amount

17.

• INCOME 1

3041 $

18. 3046

19. 3366

• ASSETS

Total income

Net income (loss) after provision for U.S. Federal, state, and local income taxes

Total assets at close of FY 1999

1

1

NUMBER OF EMPLOYEES — Employees on the payroll at the end of FY 1999, including part-time employees, but excluding

temporary and contract employees not included on your payroll records. A count taken at some other date during the reporting period

may be given provided it is a reasonable estimate of employees on the payroll at the end of FY 1999. If the number of employees at the

end of FY 1999 (or when the count was taken) was unusually high or low due to temporary factors (e.g., a strike), enter the number of

employees that reflects normal operations. If the number of employees fluctuates widely during the year due to seasonal business

variations, report the average number of employees on the payroll during FY 1999. Base such an average on the number of employees

on the payroll at the end of each pay period, month or quarter. If precise figures are not available, give your best estimate.

EMPLOYEE COMPENSATION — Expenditures made by an employer in connection with the employment of workers, including cash

payments, payments-in-kind, and employer expenditures for employee benefit plans including those mandated by government statute,

such as the employer’s share of Social Security taxes. Base compensation data on payroll records. Report compensation which relates

to activities that occurred during the reporting period regardless of whether the activities were charged as an expense on the income

statement, charged to inventories, or capitalized. DO NOT include data related to activities of a prior period, such as those capitalized or

charged to inventories in prior periods.

Number of

employees

3253

1

• NUMBER OF EMPLOYEES AND EMPLOYEE COMPENSATION

20. TOTAL NUMBER OF EMPLOYEES — Report the total number of employees for the year.

Bil. Mil. Thous. Dols.

Amount

1

3256 $

21.

BEA

USE

ONLY

22.

3692

12345

Remarks

TOTAL EMPLOYEE COMPENSATION — Report, for all employees, the sum of

a. Wages and salaries — Employees’ gross earnings (before payroll deductions), and direct and

in-kind payments by the employer to employees; and

b. Employee benefit plan — Employer expenditures for all employee benefit plans
BE-10A BANK

FORM BE-10A BANK (REV. 6/99) Page 4

Part II – SELECTED FINANCIAL AND OPERATING DATA OF U.S. REPORTER — Continued

Reporter ID Number D

Remarks — Continued
5002

50035004500550065007500850095010

(1)

FORM BE-10A BANK Supplement A (REV. 6/99) U.S. DEPARTMENT OF COMMERCE BUREAU OF ECONOMIC ANALYSIS

LISTING OF FOREIGN AFFILIATES

With Asset, Sales or Gross Operating Revenues, AND Net Income (loss) 

$7 Million or Less

Page No. of pages

of this Supplement A

Page 5 CONTINUE ON REVERSE

Thous.

Total assets Sales or gross operating revenues Primary industry code1

(7)

(8)

(9) (5) (4)

(2) (3)

Country of

location Name of foreign affiliate

BEA USE ONLY

Number of

employees

11111

4 5 7 8 9 10

$

(10)

6

2

Dols. Mil.

Owed to foreign

affiliate by U.S.

Reporter

Debt and intercompany balances

between U.S. Reporter and foreign

affiliate

1 See Form BE-10B BANK pages 12 and 13 or Guide to Industry and Foreign Trade Classification for International Surveys, Part 1,

for code: enter code which accounts for largest amount of sales or gross operating revenues, excluding sales taxes.

2 To calculate indirect ownership percentages — See Instruction Booklet, Part I.A.2.

1010101010101010

%

12

%

12

%

12

%

12

%

12

%

12

%

12

%

12

%

12

Owed to U.S.

Reporter by

foreign affiliate

Total liabilities Net income after

foreign income tax

3

BEA USE ONLY 2BEA USE ONLY 2BEA USE ONLY 2BEA USE ONLY 2BEA USE ONLY 2BEA USE ONLY 2BEA USE ONLY 2BEA USE ONLY 2

$4 34 34 34 34 34 34 34 3

$$$5 7 89 65 7 89 65 7 89 65 7 89 65 7 89 65 7 89 65 7 89 65 7 89 6

$

Direct (11) Indirect (12) U.S. Reporter’s percentage of ownership2 %

%%%%%%%%

Direct (11) Indirect (12)Direct (11) Indirect (12)Direct (11) Indirect (12)Direct (11) Indirect (12)Direct (11) Indirect (12)Direct (11) Indirect (12)Direct (11) Indirect (12)Direct (11) Indirect (12)

U.S. Reporter’s percentage of ownership2U.S. Reporter’s percentage of ownership2U.S. Reporter’s percentage of ownership2U.S. Reporter’s percentage of ownership2U.S. Reporter’s percentage of ownership2U.S. Reporter’s percentage of ownership2U.S. Reporter’s percentage of ownership2U.S. Reporter’s percentage of ownership2

Thous. Dols. Mil. Thous. Dols. Mil. Thous. Dols. Mil. Thous. Dols. Mil. Thous. Dols. Mil.

(6)

1111

111111111111111111

BEA USE ONLY Reporter ID Number

Name of U.S. Reporter

D

. .. .. .. .. .. .. .. .. .

3 For bank affiliate, report U.S. Reporter’s permanent debt investment in col. 9 and leave col. 10 blank. See BE-10B BANK, Part III, Section B.

3
5011

50125013501450155016501750185019

(1)

FORM BE-10A BANK Supplement A (REV. 6/99) U.S. DEPARTMENT OF COMMERCE BUREAU OF ECONOMIC ANALYSIS

LISTING OF FOREIGN AFFILIATES

With Asset, Sales or Gross Operating Revenues, AND Net Income (loss) 

$7 Million or Less

Page No. of pages

of this Supplement A

Page 6

Thous.

Total assets Sales or gross operating revenues Primary industry code1

(7)

(8)

(9) (5) (4)

(2) (3)

Country of

location Name of foreign affiliate

BEA USE ONLY

Number of

employees

11111

4 5 7 8 9 10

$

(10)

6

2

Dols. Mil.

Owed to foreign

affiliate by U.S.

Reporter

Debt and intercompany balances

between U.S. Reporter and foreign

affiliate

1 See Form BE-10B BANK pages 12 and 13 or Guide to Industry and Foreign Trade Classification for International Surveys, Part 1,

for code: enter code which accounts for largest amount of sales or gross operating revenues, excluding sales taxes.

2 To calculate indirect ownership percentages — See Instruction Booklet, Part I.A.2.

1010101010101010

%

12

%

12

%

12

%

12

%

12

%

12

%

12

%

12

%

12

Owed to U.S.

Reporter by

foreign affiliate

Total liabilities Net income after

foreign income tax

3

BEA USE ONLY 2BEA USE ONLY 2BEA USE ONLY 2BEA USE ONLY 2BEA USE ONLY 2BEA USE ONLY 2BEA USE ONLY 2BEA USE ONLY 2

$4 34 34 34 34 34 34 34 3

$$$5 7 89 65 7 89 65 7 89 65 7 89 65 7 89 65 7 89 65 7 89 65 7 89 6

$

Direct (11) Indirect (12) U.S. Reporter’s percentage of ownership2 %

%%%%%%%%

Direct (11) Indirect (12)Direct (11) Indirect (12)Direct (11) Indirect (12)Direct (11) Indirect (12)Direct (11) Indirect (12)Direct (11) Indirect (12)Direct (11) Indirect (12)Direct (11) Indirect (12)

U.S. Reporter’s percentage of ownership2U.S. Reporter’s percentage of ownership2U.S. Reporter’s percentage of ownership2U.S. Reporter’s percentage of ownership2U.S. Reporter’s percentage of ownership2U.S. Reporter’s percentage of ownership2U.S. Reporter’s percentage of ownership2U.S. Reporter’s percentage of ownership2

Thous. Dols. Mil. Thous. Dols. Mil. Thous. Dols. Mil. Thous. Dols. Mil. Thous. Dols. Mil.

(6)

1111

111111111111111111

BEA USE ONLY Reporter ID Number

Name of U.S. Reporter

D

. .. .. .. .. .. .. .. .. .

Use additional sheets, if necessary, to account for all affiliates.
FORM BE-10A BANK (REV. 6/99) Page 7

BENCHMARK SURVEY OF U.S. DIRECT INVESTMENT ABROAD — 1999

FORM BE-10A BANK

ADDITIONAL INSTRUCTIONS BY LINE ITEM

17.

Part I — IDENTIFICATION OF U.S. REPORTER

9.—15.

If fewer than five ISI codes are used, account for total sales or

gross operating revenues in items 9 through 13. Do not include

realized gains or losses due to profit or loss on the sale or maturity

of investments here. Instead, report them as part of item 17 (total

income).

Sales or gross operating revenues of fully consolidated

domestic U.S. Reporter by industry of sales or gross

operating revenues.

Total income — include:

a. Sales or gross operating revenues.

b. Income from equity investments in affiliates (domestic and

foreign). For affiliates owned 20 percent or more (including

majority-owned foreign affiliates), report equity in earnings

during the reporting period; for those owned less than 20

percent, report dividends.

c. Certain realized and unrealized gains (losses) net of income tax

effects. Include realized gains or losses due to profit or loss on

the sale or maturity of investments. Include unrealized holding

gains and losses recognized during the period due to changes

in the valuation of trading securities as defined by FASB 115.

Include losses recognized during the period from

other-than-temporary impairment of available-for-sale or

held-to-maturity securities, as defined by FASB 115. Do not

include unrealized holding gains and losses due to changes in

the value of available-for-sale securities as defined by FASB

115.

d. Other income

21. Total employee compensation

Wages and salaries — Report gross earnings of all employees

before deduction of employees’ payroll withholding taxes, social

insurance contributions, group insurance premiums, union dues,

etc. Include time and piece rate payments, cost of living

adjustments, overtime pay and shift differentials, bonuses, profit

sharing amounts, and commissions. Exclude commissions paid to

independent personnel who are not employees.

Include direct payments by employers for vacations, sick leave,

severance (redundancy) pay, etc. Exclude payments made by, or

on behalf of, benefit funds rather than by the employer.

Include in-kind payments, valued at their cost, that are clearly and

primarily of benefit to the employees as consumers. Do not

include expenditures that benefit employers as well as employees,

such as expenditures for plant facilities, employee training

programs, and reimbursement of business expenses.

Employee benefit plans — Report employer expenditures for all

employee benefit plans, including those mandated by government

statute, resulting from collective bargaining contracts, and those

that are voluntary. Include Social Security and other retirement

plans, life and disability insurance, guaranteed sick pay programs,

workers’ compensation insurance, medical insurance, family

allowances, unemployment insurance, severance pay funds, etc.

Also, include deferred postemployment and post retirement

expenses per FASB 106. If plans are financed jointly by the

employer and the employee, include only the contributions of the

employer.

Part II — FINANCIAL AND OPERATING DATA 

OF U.S. REPORTER
BENCHMARK SURVEY OF U.S. DIRECT INVESTMENT ABROAD — 1

MAIL REPORTS TO:

U.S. Department of Commerce

Bureau of Economic Analysis

BE-69(A)

Washington, DC 20230

OR

DELIVER REPORTS TO:

U.S. Department of Commerce

Bureau of Economic Analysis

BE-69(A)

Shipping and Receiving, 

Section M-100

1441 L Street, NW

Washington, DC 20005

1. Name of U.S. Reporter of foreign affiliate — Same as item 1, Form BE-10A or BE-10A 

2. Name of foreign affiliate being reported — Use the same name on all reports filed s

this affiliate with the Bureau of Economic Analysis, e.g., Form BE-577.

IMPORTANT

Read the Instruction Booklet, which contains definitions and reporting requirements, before completing this form. The Instr

Part I.C., has information for U.S. Reporters and foreign affiliates that are banks or bank holding companies. "Additional" I

specific to line items are provided at the back of this form.

• Who must report — The U.S. Reporter must file Form BE-10B BANK for each bank foreign affiliate for which total assets

operating revenues, excluding sales taxes; OR net income after provision for foreign taxes was greater than $7 million (p

at any time during the affiliate’s 1999 fiscal year. See Instruction Booklet, Part I, for detailed reporting requirements.

• Foreign affiliate’s 1999 fiscal year — The foreign affiliate’s financial reporting year that has an ending date in calenda

Instruction Booklet, Part II.A., page 8.

Due date — A complete BE-10 report is due on the following dates:

May 31, 2000 for a U.S. Reporter required to file fewer than 50 Forms BE-10B(LF), BE-10B(SF), and/or BE-10B BANK;

•

June 30, 2000 for a U.S. Reporter required to file 50 or more Forms BE-10B(LF), BE-10B(SF), and/or BE-10B BANK.

Translation of foreign currency financial and operating data into U.S. dollars — Use U.S. generally accepted accou

(FASB 52). See Instruction Booklet, Part IV.B., page 11. •

Currency amounts — Report in U.S. dollars rounded to thousands (omitting 000). Do not

enter amounts in the shaded portions of each line. EXAMPLE – If amount is $1,334,891.00, report as •

Bil. Mil. T

If an item is between + or - $500.00, enter "0." Use parenthesis () to indicate negative numbers.

• Contact us for help — Telephone: 202–606–5566; FAX: 202–606–5312 or 5317; E-mail: be10/11@bea.doc.gov.

Part I — IDENTIFICATION OF FOREIGN AFFILIATE — See Additional Instructions for Part I on page 11 at the back 

3. Number of foreign affiliates consolidated in this report — Do not consolidate affiliates located in two different cou

Instruction Booklet, Part I.B.2.c.(1), page 6. If your answer to this question is 2 or more, you must complete Supplement 

report.

1

2

1

1

1003

1004

Number

4. Does this foreign affiliate have a direct equity interest in other foreign affiliates, including branches of this a

not fully consolidated in this BE-10B(BANK)? – Mark (X) one.

Yes — Complete Supplement A (page 7) of this Form BE-10B BANK.

No

5. Form of organization of this foreign affiliate — Mark (X) one.

1005 Partnership 1 4 Other — Specify

6. Country of incorporation or organization of this foreign affiliate — Mark (X) one.

1006

1 1 Corporation 1 2 Branch 1 3

Australia

Brazil

Canada

France

Germany

Italy

Japan

Mexico

Switzerland

United Kingdom

Other — Specify

601 1

1

1

202

100

7.

Netherlands

Country of location — Country in which this foreign affiliate’s physical assets are located or where its primar

carried out — Mark (X) one.

8. This foreign affiliate’s financial books and records are kept in — Mark (X) one.

The currency of the country of the affiliate as given in item 7. (Foreign affiliates located in European Mon

countries should check this box if they keep their books in the currency of the country of the affiliate or in 

U.S. dollars

A foreign currency which is not that of the country of location of the affiliate as given in item 7

307 1

1

1

308

314

614 1

1

1

213

319

325 1

1

1

327

1007 Australia

Brazil

Canada

France

Germany

Italy

Japan

Mexico

Switzerland

United Kingdom

Other — Specify

601 1

1

1

202

100 Netherlands

307 1

1

1

308

314

614 1

1

1

213

319

325 1

1

1

327

1008

Month 

9. Enter the ending date of this foreign affiliate’s 1999 fiscal year.

1009

1

Use Form BE-10B BANK only to report a foreign affiliate that is a bank, i.e., a foreign business enterprise with over 50 perce

operating revenues generated by activities classified in International Surveys Industry codes 5221 and/or 5229.

1 1

2

3

1

1

1
FORM BE-10B BANK (REV. 7/99) Page 2

from a foreign person?

Acquire a voting interest of 10 percent or more in this affiliate from a 

U.S. person? — Give name and address of U.S. person.





3

2

1 2 Yes, and this is its final report —

If "Yes," was the affiliate — Mark (X) one

4 2

Merged or reorganized?

5 2 Sold:

to a foreign person?

Liquidated?

Seized?

2

2

2

6

7

8

to a U.S. person? — Give name and address of U.S. person.

Enter

date







Enter

date

1 3 No

Was there a change in the entity due to mergers, acquisitions, divestitures, etc., or a change in accounting p

FY 1999 that caused FY 1998 data to be restated? Mark (X) one.

11.

Yes — 1 1 Report all close FY 1998 data before restatement, unless otherwise specified.

No 1 2

1011

U.S. Reporter named in item 1 — Report equity interest and voting

interest.

DIRECT OWNERSHIP IN THIS FOREIGN AFFILIATE — Enter percent

of ownership, to a tenth of one percent, based on voting stock if an

incorporated affiliate, or an equivalent interest if an unincorporated

affiliate, held directly by

Percent of ownership at close o

1999 1998

(1) (2)

1012

1

.% 

3

20. Identification of foreign affiliate parent(s) — If there is an entry in item 13, column (3) or column (4) — Enter below,

the name(s) and percent(s) of ownership of each foreign affiliate of the U.S. Reporter named in item 1 holding a direct

ownership interest in this foreign affiliate. Also, for each foreign affiliate in column (a) that is below the first tier in its ownership chain, enter in column (d) the name of the foreign affiliate that holds a direct ownership interest in it.

Other foreign affiliate(s) of U.S. Reporter named in Item 1 — If entry is made here, complete

items 19 and 20.

Other U.S. Reporter(s) of this foreign affiliate — If entry is made here, item 21 must be "Yes."

Foreign affiliate(s) of other U.S. Reporter(s) — If entry is made here, item 21 must be "Yes."

Other U.S. persons

13.

14.

15.

16.

Other foreign persons

TOTAL OF DIRECTLY HELD VOTING OWNERSHIP INTERESTS —

Sum of items 12 through 17

17.

18.

19. Indirect ownership — If there is an entry in item 13, enter U.S. Reporter’s percent of indirect

ownership in this affiliate. See Instruction Booklet, Part I.A.2., page 5, for instructions on how to

complete indirect ownership percentages.

1013

1016

1014

1015

1017

3

100.

(3) 

1999 

. %

2 

.

.

.

.

.

.

3 

3 

3 

3 

3 

Equity interest V

12.

1019 .

1018

Foreign affiliate holding direct ownership interest in this foreign affiliate

Name and ID Number

Enter name and BEA ID Number of foreign

affiliate(s) holding a direct ownership interest

in this foreign affiliate.

(a) (b) (c) 

Percent direct ownership in

this foreign affiliate 

Close FY 1999 Close FY 1998

Name of for

any, in ow

that holds d

foreign affi

colu

1191 . % . %

1 23

1192

1193

1

1 2

2

1020

a.

b.

c.

d. TOTAL — Must equal percentages entered in Item 13

BEA

USE

ONLY

. % . %

. % . %

. % . %

3

3

Month 

3

2 3

See Additional Instructions for Part I, on page 11 at the back of this form.

3 
FORM BE-10B BANK (REV. 7/99) Page 3

No  Skip to item 28 

22.If the answer to item 21 is "Yes," and the U.S. Reporter named in item 1 is submitting the Part II data (i.e., the "complete

report) for this foreign affiliate — Give name(s) and mailing address(es) of the other U.S. Reporter(s) who is(are) not

submitting the data.

Name Mailing address

23. If the answer to item 21 is "Yes," and if the U.S. Reporter named in item 1 is not submitting the Part II data (i.e., is

submitting a "partial" report) for this foreign affiliate — Give name and mailing address of U.S. Reporter who is submitti

the data.

24.

25.

BEA USE

ONLY

1024

1025

1 2 34 5

BEA USE 1 2 34 5

ONLY

1 2 34 5

1 2 34 5

26. BEA USE

ONLY

27. BEA USE

ONLY

1026

1027

28.

BEA USE

ONLY

1039

1040

29.

30.

31.

33.

Banking industry — (depository institutions — ISI code 5221 — or nondepository

branches and agencies — ISI code 5229)

2nd largest gross operating revenues

3rd largest gross operating revenues

4th largest gross operating revenues

Gross operating revenues not accounted for above

TOTAL GROSS OPERATING REVENUES — Sum of items 28 

through 32

1030

1031

1032

1033

1034

1037

1038

ISI code

(1)

G

Bil. 

1 2

$

1 2

1 2

1 2

1 2

2

$

2

BEA USE

ONLY

34.

35.

32.

Gross operating revenues of foreign affiliate, by industry — Enter in columns

(1) and (2) respectively, the 4-digit ISI code(s) and the amount of gross operating

revenues associated with each code. See the Guide to Industry and Foreign

Trade Classifications for International Surveys for a list, and explanation, of the

International Surveys Industry (ISI). A list of ISI codes is also provided on pages 12

and 13 of this form. For an inactive foreign affiliate, enter an ISI code based on the

last active period. For "start-up" companies, show the intended activity. See

Additional Instructions for Part I, page 11, at the back of this form.

1 2 34 5

1 2 34 5

5221

5229

Remarks
FORM BE-10B BANK (REV. 7/99) Page 4

$

Sale, disposition, or revaluation of land, other property, plant and equipment, or other assets.

Remeasurement of the foreign affiliate’s foreign-currency-denominated assets and liabilities due

to changes in foreign exchange rates during the period and transaction gains (losses) taken to

income in accordance with FASB 52;

Extraordinary items (except those resulting from legal judgments and accidental damage to fixed

assets) and other unusual or infrequently occurring items.

b.

c.

d.

38. NET INCOME (LOSS) after provision for foreign income taxes

37. TOTAL INCOME 2046

2051

$

1

1

$

g pgg y 

Include losses recognized during the period from other-than-temporary impairment of

available-for-sale or held-to-maturity securities, as defined by FASB 115. Do not include

unrealized holding gains and losses due to changes in the value of available-for-sale-securities as

defined by FASB 115. Instead, include such gains and losses in retained earnings (item 46) for an

incorporated affiliate, total owners’ equity (item 50) for an unincorporated affiliate and also report

them in item 39.

Certain unrealized gains (losses) not included in the determination of net income —

Enter net unrealized gains (losses) that are not included in the determination of net income and,

therefore, excluded from item 38, that were taken directly to retained earnings for an incorporated

affiliate, or to owners’ equity for an unincorporated affiliate. Report amount net of income tax

effects, if any, on gains (losses). — Exclude translation adjustments.

39.

40. Provision for loan loss — Amount charged to the loan loss reserve account during FY 1999

 Section B — Number of Employees and Employee Compensation — See Additional Instructions Part II, Section B, o

back of this form.

NUMBER OF EMPLOYEES — Employees on the payroll at the end of FY 1999 including part-time employees, but excludi

and contract employees not included on your payroll records. A count taken at some other date during the reporting perio

given provided it is a reasonable estimate of employees on the payroll at the end of FY 1999. If the number of employees a

FY 1999 (or when the count was taken) was unusually high or low due to temporary factors (e.g., a strike), enter the numbe

employees that reflects normal operations. If the number of employees fluctuates widely during the year due to seasonal b

variations, report the average number of employees on the payroll during FY 1999. Base such an average on the number o

on the payroll at the end of each pay period, month or quarter. If precise figures are not available, give your best estimate.

EMPLOYEE COMPENSATION — Expenditures made by an employer in connection with the employment of workers, inc

payments, payments-in-kind, and employer expenditures for employee benefit plans including those required by statute. B

compensation data on payroll records. Report compensation which relates to activities that occurred during the reporting p

regardless of whether the activities were charged as an expense on the income statement, charged to inventories, or capit

include data related to activities of a prior period, such as those capitalized or charged to inventories in prior periods.

41.

1

TOTAL NUMBER OF EMPLOYEES — Report the total number of employees for the year 2068

Bil. 

$

1

2072

42. TOTAL EMPLOYEE COMPENSATION — Report, for all employees, the sum of

b.

Wages and salaries — Employees’ gross earnings (before payroll deductions), and direct and in-kind

payments by the employer to employees; and

Employee benefit plans — Employer expenditures for all employee benefits plans

 Section C — Balance Sheet — See Additional Instructions for Part II, Section C on

page 11 at the back of this form.

Bil. 

Close FY 1999

(1)

Bil. Mil. Thous. Dols.

BALANCES

1 2

TOTAL ASSETS 2088 $ $

2093

2094

2092

1 2

1 2

1 2

1 2

43.

44.

45.

TOTAL LIABILITIES

• OWNERS’ EQUITY — UNINCORPORATED AFFILIATE ONLY, complete items 50

and 51.

Capital stock and additional paid-in capital

46. Retained earnings (deficit)

47. Translation adjustment — Cumulative amount at year end (per FASB 52) 2095

2096

48. Other — Include involuntarily (or legally) restricted earnings — Specify

49. TOTAL OWNERS’ EQUITY (INCORPORATED FOREIGN AFFILIATE) —

Equals items 43 minus item 44 and, equals the sum of items 45 through 48.

• OWNERS’ EQUITY — INCORPORATED AFFILIATE ONLY, complete items 45

through 49.

50. TOTAL OWNERS’ EQUITY (UNINCORPORATED FOREIGN AFFILIATE) —

Equals item 43 minus item 44.

2097

2098

2099

Translation adjustment — Cumulative amount at year end (per FASB 52) —

That portion of item 50 representing the affiliate’s cumulative translation

adjustment account.

51.

52. BEA USE ONLY 2065

1 2

1 2

1 2

1 2

1 2 3 4

2117

2140

2044

a.

1

1
FORM BE-10B BANK (REV. 7/99) Page 5

 Section A — U.S. Reporter’s Equity in Foreign Affiliate’s Net Income, Certain Realized and

Unrealized Gains (Losses), and Dividends or Distributed Earnings — See Additional Instructions for 

Part III, Section A, on page 11 at the back of this form.

For items 55 and 56; certain realized and unrealized gains (losses) (excluding translation adjustments)

after foreign income taxes

1

Bil. 

$

54. Net income (loss) after provision for foreign income taxes — Enter U.S. Reporter’s share of net

income (loss), item 38. 3140

3141

3142

1

63. BEA USE ONLY

Remarks

2 3 4

Yes — Complete items 54 through 78 and continue with the Supplement A (page 7).

No — Complete only items 60 through 62 and 74 through 78 and then continue with the Supplement A 

Enter the amounts which represent the U.S. Reporter’s equity, based on its directly held equity interest. Thus if

the U.S. Reporter holds both a direct and indirect equity interest, enter the amounts which represent only the

directly held equity interest.

55. Included in item 54. U.S. Reporter’s share of item 36.

Not included in item 54, but taken directly to retained earnings for an incorporated affiliate, or to

owners’ equity for an unincorporated affiliate. U.S. Reporter’s share of item 39.

56. 1

Dividends on common and preferred stock of incorporated foreign affiliate (exclude stock and

liquidating dividends) or distributed earnings of unincorporated foreign affiliate — Gross

amount

57.

58. Tax withheld on dividends or distributed earnings in item 57.

3143

3144

Dividends on common and preferred stock of incorporated foreign affiliate or distributed

earnings of unincorporated foreign affiliate — Net amount (item 57 minus item 58)

59. 3145

1

1

1

 Section B — Debt and Other Intercompany Balances Between Foreign Affiliate and U.S. Reporter —

See Additional Instructions for Part III, Section B, on page 11 at the back of this form.

If the U.S. Reporter is a bank (i.e., filed a Form BE-10A BANK), complete item 60. Include in item 60 only amounts the U.S. 

considers to be permanent debt investment in the affiliate. Interest receipts reported in item 74 should relate only to this p

investment. If the U.S. Reporter is a BANK (i.e., filed a Form BE-10A BANK) do not report permanent debt investment or th

equity investment in the affiliate (sections B and C) on the Treasury International Capital Forms BL-1, 2, BC, and BQ-1, 2.

60.

61.

B

According to books of foreign affiliate According to books 

(1) (2) (3) 

Close FY 1999 Close FY 1998

(unrestated) Close FY 1999 

Bil. Mil. Thous. Dols. Bil. Mil. Thous. Dols. Bil. Mil. Thous. Dols.

3113

U.S. Reporter’s permanent debt

investment in affiliate — Report loans

from the U.S. Reporter that do not arise

from the Reporter’s or affiliate’s normal

banking business. Report only the U.S.

Reporter’s "permanent" debt

investment.

Owed to U.S. Reporter by the

affiliate

1

3149

1 2 3 4

1 2 3 4

$$$$

1

2

1

1

3139

If the U.S. Reporter is NOT a BANK (i.e., filed a Form BE-10A), complete items 61 and 62. Report in items 61 and 62 all cur

intercompany receivables and payables between the nonbank U.S. Reporter and the foreign affiliate. Item 74 should reflect 

debt, whether or not the debt is permanent. These amounts are not reported on Treasury International Capital Forms.

If the U.S. Reporter IS a BANK:

If the U.S. Reporter IS NOT a BANK:

1 2 3 4

3147

3148

62. Owed to affiliate by the U.S.

Reporter

BEA USE ONLY 3146

1
FORM BE-10B BANK (REV. 7/99) Page 6

1

Bil. 

$

64. Establishment of affiliate or acquisition (partial or total) of equity interest in this affiliate by

U.S. Reporter either from this affiliate or from other foreign persons 3150

• INCREASE IN U.S. REPORTER’S EQUITY INTEREST IN THIS AFFILIATE

Capital contributions and other transactions of the U.S. Reporter with foreign persons that

increase equity in this affiliate — Specify

65.

3151

3152

66. Acquisition (partial or total) of equity interest in this affiliate by U.S. Reporter from other U.S.

persons

• DECREASE IN U.S. REPORTER’S EQUITY INTEREST IN THIS AFFILIATE

Liquidation of affiliate or sale (partial or total) of equity interest in this affiliate by the U.S.

Reporter either to this affiliate or to other foreign persons

67. 3153

Return of capital contributions to the U.S. Reporter and other transactions of the U.S. Reporter

with foreign persons that decrease equity in this affiliate — Specify

68.

69. Sale (partial or total) of equity interest in this affiliate by U.S. Reporter to other U.S. persons

3154

3155

70. TOTAL — Equals sum of items 64, 65, and 66, minus sum of items 67, 68 and 69 3156 $

1

2

Bil. 

$

Bil. Mil. Thous. Dols.

(1) 

For acquisition Fo

• For items 64 through 69, enter the amounts by which the transaction value —

71. Exceeds the value carried on the books of the affiliate

72. Is less than the value carried on the books of the affiliate

1

$

1 2

1 2

73. BEA USE ONLY

 Section D — Receipts and Payments Between

the U.S. Reporter and Foreign Affiliate — See

Additional Instructions for Part III, Section D, on 

page 12 at the back of this form.

Report these items based on the books of the U.S.

Reporter. Enter amounts received, paid, or entered 

into intercompany accounts, whichever occurred first.

Receipts by U.S. Reporter from foreign

affiliate

Payments by U.S. R

affilia

Net of foreign

tax withheld

Foreign tax

withheld

Net of U.S. tax

withheld 

(1) (2) (3) 

BBil. Mil. Thous. Dols.

3

$

3

Bil. Mil. Thous. Dols.

2

$

2

Bil. Mil. Thous. Dols.

1

$

1

74. Interest, include interest on capital

leases

75. Royalties, license fees, and other fees for

the use or sale of intangible property

76. Charges for use of tangible property

Allocated expenses and sales of services

BEA USE ONLY

1 2 3 

1 2 3 

1 2 3 

3157

3158

3159

3160

3161

3162

3164

1

1

1

1

77.

78. TOTAL — Sum of items 74 through 77 3114

79. 3171

Remarks

1 2 3 

$ $ $ 

1

1
5002

5003500450055006500750085009501050115012

Close FY 

Per

(4)

owne

affiliate 

held by 

named 

(Ente

n

. . . . . . . . . . 

(2) (3) (1)

Affiliate identification number

taken from the preprinted

Form BE-10B(SF) or 

BE-10B BANK, if provided, ofeach foreign affiliate listed in

column (1)

BEA USE ONLY Name of each foreign affiliate, as taken from item 2 of the Form BE-10B(SF) or BE-10B BANK for that affiliate, in which a direct equity interest is held

FORM BE-10B BANK Supplement A (7/99) U.S. DEPARTMENT OF COMMERCE BUREAU OF ECONOMIC ANALYSIS

LIST OF ALL FOREIGN AFFILIATES IN WHICH THE REPORTING FOREIGN

AFFILIATE (AS CONSOLIDATED) HAS A DIRECT EQUITY INTEREST BUT

WHICH ARE NOT FULLY CONSOLIDATED ON THIS FORM BE-10B BANK

Affiliate ID Number Page No. 

of this Su

Identification — Name of foreign affiliate as shown in item 2 of Form BE-10B BANK

BEA USEONLY 

Supplement A — List ALL foreign affiliates of the U.S. Reporter(s) in which the fullyconsolidated foreign affiliate named in item 2 has a direct equity interest, but whichare not fully consolidated on this Form BE-10B BANK. Continue listing onto as

many copied pages as needed. NOTE — Foreign affiliates listed on this Supplement Amust also file a complete Form BE-10B(SF) or BE-10B BANK, or, per instructions, belisted on the BE-10A Supplement of its U.S. Reporter.

Page 7 CON

E
5016

5017501850195020502150225023502450255026502750285029

Close FY 

Per

(4)

owne

affiliate 

held by 

iden

(Ente

n

. . . . . . . . . . . . . 

(2) (3) (1)

Affiliate identification number

taken from the preprinted

Form BE-10B(SF) or 

BE-10B BANK, if provided, ofeach foreign affiliate listed in

column (1)

BEA USE ONLY Name of each foreign affiliate, as taken from item 2 of the Form BE-10B(SF) or BE-10B BANK for that affiliate, in which a direct equity interest is held

FORM BE-10B BANK SUPPLEMENT A (7/99) LIST OF ALL FOREIGN AFFILIATES IN WHICH THE REPORTING FOREIGN AFFILIATE (AS CONSOLIDATED) HAS A DIRECT EQUITY INTEREST BUT WHICH ARE NOT FULLY CONSOLIDATED ON THIS FORM BE-10B BANK — Continued Page No. 

of this Su

Page 8
6002

6003600460056006600760086009601060116012

o

(3) (1) (2)

Name of foreign affiliate which holds the direct equity

interest in the foreign affiliate listed in column (2) BEA USE ONLY Name and country of location of each foreign affiliate fully consolidated in this Form BE-10B BANK

FORM BE-10B BANK Supplement B (7/99) U.S. DEPARTMENT OF COMMERCE BUREAU OF ECONOMIC ANALYSIS

LIST OF ALL FOREIGN AFFILIATES FULLY CONSOLIDATED INTO THE

REPORTING FOREIGN AFFILIATE

Affiliate ID Number Page No. 

of this Su

Identification — Name of foreign affiliate as shown in item 2 of Form BE-10B BANK

BEA USEONLY 

Supplement B — This list must be completed for the foreign affiliate for which the U.S. Reporter isreporting consolidated financial and operating data to BEA; each foreign affiliate fully consolidatedmust be more than 10 percent owned, directly or indirectly, by the U.S. Reporter and must also be

Page 9 CON

more than 50 percent owned by the foreign affiliate named in item 2 of Form BE-10B BAnumber of foreign affiliates listed below plus the reporting foreign affiliate must agree witem 3, of Form BE-10B BANK. Continue listing onto as many copied pages as needed.

E

NOTE — Consolidate affiliates only if they are located in the same country and are in the same 4-digit industry.
6016

6017601860196020602160226023602460256026602760286029

o

(3) (1) (2)

Name of foreign affiliate which holds the direct equity

interest in the foreign affiliate listed in column (2) BEA USE ONLY Name and country of location of each foreign affiliate fully consolidated in this Form BE-10B BANK

FORM BE-10B BANK Supplement B (7/99) LIST OF ALL FOREIGN AFFILIATES FULLY CONSOLIDATED INTO THE REPORTING FOREIGN AFFILIATE — Continued Page No. 

of this Su

Page 10
FORM BE-10B BANK (REV. 7/99) Page 11

Ownership by U.S. Reporter named in item 1.

Equity interest is the U.S. Reporter’s direct ownership in the

total equity (voting and nonvoting) of the affiliate. Examples of

nonvoting equity include nonvoting stock and a limited partner’s

interest in a partnership.

Voting Interest is the U.S. Reporter’s direct ownership in just

the voting equity of the affiliate. Examples of voting equity include

voting stock and a general partner’s interest in a partnership.

Thus, a U.S. Reporter could have a 100 percent direct voting

interest in an affiliate but own less than 100 percent of the

affiliate’s total equity.

28.—33.

Gross operating revenues of foreign affiliate, by industry

If fewer than five ISI codes are used, account for total sales or

gross operating revenues. Do not include realized gains or losses

due to profit or loss on the sale or maturity of investments here.

Instead, report them in item 36 (certain realized and unrealized

gains (losses)).

Part II — FINANCIAL AND OPERATING DATA OF FOREIGN

AFFILIATE

Section A — Income and Related Items

Total income — Include the following items: —

Section B — Number of Employees and Employee

Compensation

Employee compensation — Consists of wages and salaries of

employees and employer expenditures for all employee benefit

plans.

Wages and salaries — Report gross earnings of all employees

before deduction of employees’ payroll withholding taxes, social

insurance contributions, group insurance premiums, union dues,

etc. Include time and piece rate payments, cost of living

adjustments, overtime pay and shift differentials, bonuses, profit

sharing amounts, and commissions. Exclude commissions paid to

independent personnel who are not employees.

Include direct payments by employers for vacations, sick leave,

severance (redundancy) pay, etc. Exclude payments made by, or

on behalf of, benefit funds rather than by the employer.

Include in-kind payments, valued at their cost, that are clearly and

primarily of benefit to the employees as consumers. Do not include

expenditures that benefit employers as well as employees, such as

expenditures for plant facilities, employee training programs, and

reimbursement of business expenses.

Employee benefit plans — Report employer expenditures for all

employee benefit plans, including those mandated by government

statute, resulting from collective bargaining contracts and those

that are voluntary. Include Social Security and other retirement

plans, life and disability insurance, guaranteed sick pay programs,

workers’ compensation insurance, medical insurance, family

allowances, unemployment insurance, severance pay funds, etc.

Also, include deferred post employment and post retirement

expenses per FASB 106. If plans are financed jointly by the

employer and the employee, include only the contributions of the

employer.

12.

37.

42.

•

•

a.

b.

c.

d.

Sales or gross operating revenues

Income from equity investments in foreign affiliates — For

affiliates owned 20 percent or more (including those that are

majority-owned), report equity in earnings during the reporting

period; for those owned less that 20 percent, report dividends.

Income from other equity investments.

Certain realized and unrealized gains (losses) net of income tax

effects

e. Other income.

• Section C — Balance Sheet

Capital stock and additional paid-in capital — Include

common and preferred, voting and nonvoting capital stock and

addional paid-in capital.

45.

Retained earnings (deficit) — Include earnings retained by the

corporation and legally available for dividends; earnings

voluntarily restricted; and the cumulative balance of unrealized

holding gains and losses due to changes in the valuation of

available-for-sale securities per FASB 115.

46.

Section A — U.S. Reporter’s Equity in Foreig

Income, Certain Realized and Unrealized Ga

Dividends or Distributed Earnings

Report this item based on the books of the U.S

amount received or entered into intercompany 

whichever occurred first. Include amounts for 

was made in kind. If a receivable was booked 

period, do not report the collection of the rece

current period. Show the collection as a reduc

intercompany account item 61.

Section B — Debt and Other Intercompany B

Foreign Affiliate and U.S. Reporter

Include current and long-term items, indebted

a capital lease, and the net book value of equi

long-term operating lease. Disaggregate lease 

their component parts. Reflect return of capita

principal payments for capital leases and the d

component for operating leases, in items 61 a

interest component under capital leases in item 

net rent for operating leases in item 76.

If the foreign affiliate has leased equipment fr

Reporter under a long-term operating lease (i.

more than one year), then:

Include the FY 1999 closing net book value of 

equipment in columns 1 and 3, and;

Include the FY 1998 closing net book value of 

equipment in columns 2 and 4.

The closing net book value of leased equipme

be obtained from the books of the U.S. Report

If the foreign affiliate has leased equipment to 

under a long-term operating lease (i.e., the lea

one year), then:

Include the FY 1999 closing net book value of 

equipment in columns 1 and 3, and;

Include the FY 1998 closing net book value of 

equipment in columns 2 and 4.

The closing net book value of leased equipme

obtained from the books of the foreign affiliate

Section C — Change in U.S. Reporter’s Equi

and/or Additional Paid-in Capital of Incorpo

ate or Equity Investment in Unincorporated 

Increase in U.S. Reporter’s Equity Interest in T

For a newly established or acquired affiliate, re

Reporter paid and/or borrowed to establish or 

affiliate in item 64 or 66 as appropriate. Do not 

value of the equity interest if it differs from wh

Decrease in U.S. Reporter’s Equity Interest in 

For an affiliate that is sold, report the sale pric

as appropriate. Include foreign income taxes, 

(and tax refunds on losses) in the calculation o

Report the ending intercompany debt position 

columns 1 and 3 of item 60 or in columns 1 an

and 62) as zero. If debt positions still exist, the

U.S. person and an unaffiliated foreign person

reportable on the Department of the Treasury 

Capital report forms.

For investments written off, enter zero in items 

amount written off in item 71 or 72 column 2 a

account receivable due to the U.S. Reporter fro

written off, report the amount of the receivable 

capital contribution.

•

•

•

57.

60.—62.

60.—61.

62.

64.—66.

67.—69.

71.—72.

If the book value of the U.S. Reporter’s equity 

changed by more or less than the value of the 

paid, received, or owed, enter the amount of t

item 71 or 72 as appropriate. For example, if th

affiliate was $10 million and the affiliate was s

enter $1 million in column 2 of item 71. Report 

of U.S. income taxes, if any.

Transaction Value Exceeds or is Less Than the 

the Books of the Affiliate
Interest — If the U.S. Reporter is a bank, interest receipts

entered in this item should relate only to the permanent debt

investment reported on line 60.

Reporting for Interest Rate and Foreign Currency Swap

Agreements Between Nonbank U.S. Reporter and the

Foreign Affiliate — Report interest accruals under the terms of

interest rate and foreign currency swap agreements on a net

basis. Do not report gross receipts and gross payments of

interest based upon marking positions to market daily. Instead,

report the net amount of these gross receipts or payments either

as net interest received or net interest paid, as appropriate.

Include in column 3 rent receipts from the U.S

operating leases of one year or less. Include n

from the U.S. Reporter under operating leases 

year. (Net rent equals the total rents received f

Reporter less the amount of depreciation expe

against the leased equipment on the books of 

for that part of FY 1999 that the lease was in e

Allocated expenses and sales of services 

expenses (such as R&D assessments) and reim

between the U.S. Reporter and the affiliate for 

professional, technical, or other services that a

included in "other income" by the provider of t

include receipts by the U.S. Reporter from, or 

U.S. Reporter to, the affiliate for services that a

billed and normally included in the sales or gr

revenues of the seller of the service.

74.

Except as described in the next paragraph, report interest

receipts and interest payments at gross. Do not net the receipts

against the payments.

77.

FORM BE-10B BANK (REV. 7/99) Page 12

SUMMARY OF INDUSTRY CLASSIFICATIONS

Crop production 

AGRICULTURE, FORESTRY,

FISHING, AND HUNTING

1110

MINING

Oil and gas extraction

Coal

Nonmetallic minerals

Iron ores

Support activities for mining,

except for oil and gas operations

UTILITIES

Electric power generation,

transmission, and distribution

CONSTRUCTION

Building, developing, and

general contracting

MANUFACTURING

Animal foods 

Printing and related support

activities

Other general purpose machinery

WHOLESALE T

Motor vehicles and 

parts and supplie

Pesticides, fertilizers, and other

agricultural chemicals

Railroad rolling stock

1120

1130

1140

1150

2111

2121

2123

2124

2125

2126

2127

2132

2133

2211

2212

2213

2330

2340

2350

3111

3112

3113

3114

3115

3116

3117

3118

3119

3121

3122

3130

3140

3150

3160

3221

3222

3231

3242

3243

3244

3251

3252

3253

3254

3255

3256

3259

3261

3262

3271

3272

3273

3274

3279

3311

3312

3313

3314

3315

3321

3322

3323

3324

3325

3326

3327

3328

3329

3331

3332

3333

3334

3335

3336

3339

3341

3342

3343

3344

3345

3346

3351

3352

3353

3359

3361

3362

3363

3364

3365

3366

3369

3370

3391

3399

4211

4212

4213

4214

4215

4216

4217

4218

4219

4221

4222

4223

4224

4225

4226

4227

4228

4229

DURABLE GOO

Paper and paper pro

NONDURABLE G

Copper, nickel, lead, and zinc ores

Other metal ores

Support activities for oil and gas

operations

Support activities for agriculture

and forestry

Fishing, hunting, and trapping 

Forestry and logging 

Animal production 

Gold and silver ores 

Natural gas distribution

Water, sewage, and other systems

Heavy construction

Special trade contractors

Grain and oilseed milling

Sugar and confectionery

products

Fruit and vegetable preserving

and specialty foods

Dairy products

Meat products

Seafood product preparation

and packaging

Bakeries and tortillas

Other food products

Beverages

Tobacco

Textile mills

Textile product mills

Apparel

Leather and allied products

Wood products

Pulp, paper, and paperboard

mills

Converted paper products

Integrated petroleum refining

and extraction

Petroleum refining without

extraction

Other petroleum and coal

products

Basic chemicals

Resins, synthetic rubbers, and

artificial and synthetic fibers and

filaments

Pharmaceuticals and medicines

Paints, coatings, and adhesives

Soap, cleaning compounds, and

toilet preparations

Other chemical products and

preparations

Plastics products

Rubber products

Clay products and refractories

Glass and glass products

Cement and concrete products

Lime and gypsum products

Other nonmetallic mineral

products

Iron and steel mills and

ferroalloys

Steel products from purchased

steel

Alumina and aluminum

production and processing

Nonferrous metal (except

aluminum) production and

processing

Foundries

Forging and stamping

Cutlery and hand tools

Boilers, tanks, and shipping

containers

Hardware

Spring and wire products

Machine shops, turned products, 

and screws, nuts, and bolts

Coating, engraving, heat

treating, and allied activities

Other fabricated metal products

Agriculture, construction, and

mining machinery

Industrial machinery

Commercial and service

industry machinery

Ventilation, heating, air conditioning,

and commercial refrigeration

equipment

Metalworking machinery

Engines, turbines, and power

transmission equipment

Architectural and structural

metals

Computer and peripheral equipment

Communications equipment

Audio and video equipment

Semiconductors and other

electronic components

Navigational, measuring, electromedical, and control instruments

Manufacturing and reproducing

magnetic and optical media

Electric lighting equipment

Household appliances

Electrical equipment

Other electrical equipment and

components

Motor vehicles

Motor vehicle bodies and trailers

Motor vehicle parts

Aerospace products and parts

Ship and boat building

Other transportation equipment

Furniture and related products

Medical equipment and supplies

Other miscellaneous manufacturing

Furniture and home 

Lumber and other c

materials

Professional and co

equipment and s

Metals and mineral

Electrical goods

Hardware, and plum

equipment and sup

Machinery, equipm

Miscellaneous dura

Drugs and druggists

Apparel, piece good

Grocery and related 

Farm product raw m

Chemical and allied 

Petroleum and petr

Beer, wine, and dist

beverages

Miscellaneous nond

4410

RETAIL TRAD

Motor vehicle and pa

TRANSPORTATIO

WAREHOUSI

Air transportation

4420

4431

4440

4450

4461

4471

4480

4510

4520

4530

4540

4810

4821

4833

4839

4840

4850

4863

4868

4870

4880

4920

4932

4939

Furniture and home 

stores

Electronics and appl

Building material an

equipment and su

Food and beverage s

Health and personal 

Gasoline stations

Clothing and clothin

stores

Sporting goods, hob

and music stores

General merchandis

Miscellaneous store 

Nonstore retailers

Rail transportation

Petroleum tanker op

Other water transpo

Truck transportation

Transit and ground p

transportation

Pipeline transportati

refined petroleum 

natural gas

Other pipeline transp

Scenic and sightseei

Couriers and messen

Petroleum storage fo

Other warehousing a

Support activities fo

3210
FORM BE-10B BANK (REV. 7/99) Page 13

Securities and commodity

contracts intermediation and

brokerage

REAL ESTATE AND RENTAL

AND LEASING

Real estate

Office administrative services

Facilities support services

Employment services

Business support services

ADMINISTRATIVE AND

SUPPORT, WASTE

MANAGEMENT, AND

REMEDIATION SERVICES 

Services to buildings and dwellings

Ambulatory health 

Hospitals

ARTS, ENTERTAINM

RECREATIO

Performing arts, sp

sports, and relate

ACCOMMODATIONS 

SERVICE

Accommodations

OTHER SERVI

Repair and mainten

5131

5132

5133

5141

5142

5221

5223

5224

5229

5231

5238

5242

5243

5249

5252

5310

5321

5329

5331

5413

5414

5415

5416

5417

5418

5419

5512

5513

5611

5612

5613

5614

5615

5616

5617

5620

6210

6220

6230

6240

7110

7121

7130

7210

7220

8110

8120

8130

Non-depository branches and 

agencies

Investigation and security services

MANAGEMENT OF COMPANIES

AND ENTERPRISES 

Holding companies, except bank

holding companies

FINANCE AND INSURANCE

Depository credit intermediation

(Banking)

PUBLIC ADMINIST

9200 Public administratio

g 

Radio and television broadcasting

Cable networks and program

distribution

Telecommunications

Information services

Data processing services

Activities related to credit

intermediation

Non-depository credit

intermediation

Architectural, engineering, and

related services

Specialized design services

Computer systems design and

related services

Management, scientific, and

technical consulting services

Scientific research and 

development services

Advertising and related services

Other professional, scientific,

and technical services

Automotive equipment rental

and leasing

Other rental and leasing services

Lessors of non-financial

intangible assets (except

copyrighted works)

Corporate, subsidiary, and

regional management offices

Travel arrangement and

reservation services

Other financial investment

activities and exchanges

Agencies, brokerages, and other

insurance related activities

Insurance carriers, except life 

insurance carriers

Life insurance carriers

Funds, trusts and other financial

vehicles, except REITs

Other support services

Waste management and remediation 

services

Nursing and reside

facilities

Social assistance

Museums, historica

similar institution

Amusement, gamb

recreation indust

Foodservices and d

places

Personal and laund

Religious, grantma

professional, and 

organizations

5619
FORM

U.S. DEPARTMENT OF COMMERCE

BUREAU OF ECONOMIC ANALYSIS

BENCHMARK SURVEY OF U.S.

DIRECT INVESTMENT

ABROAD — 1994

MAIL

REPORTS

TO

U.S. Department of Commerce

Bureau of Economic Analysis,

BE-69(A)

Washington, DC 20230

Name of U.S. person for BEA to consult about this claim

Print or type

Address — Number and street

U.S. Telephone

number

Area code Number Extension

CERTIFICATION — The undersigned official certifies that the

information contained in this claim is correct and complete to the best

of his/her knowledge.

Authorized official’s signature

Print or type name and title Date

MANDATORY — This survey is being conducted pursuant to the International Investment and Trade In

Services Survey Act (P.L. 94-472, 90 Stat. 2059, 22 U.S.C. 3101–3108, as amended – hereinafter "the Act"),

and the filing of reports is mandatory pursuant to Section 5(b)(2) of the Act (22 U.S.C. 3104).

CONFIDENTIALITY — The Act provides that your report to this Bureau is CONFIDENTIAL. It may be used

only for analytical or statistical purposes and CANNOT be used for purposes of taxation, investigation, or

regulation. The Act also provides that copies retained in your files are immune from legal process.

Name of U.S. Reporter

Number and Street or PO Box

City and State

OMB No. 0608-0092: Approval Expires 12/31/94

ZIP Code

(REV. 10/94)

BE-10 Claim for Not Filing

DELIVERY

REPORTS

TO

U.S. Department of Commerce

Bureau of Economic Analysis,

BE-69(A)

Shipping and Receiving

Section M-100

1441 L Street, NW

Washington, DC 20005

OR

BE-10 Claim for Not Filing

Name and address of U.S. business enterprise for which this claim is filed

If the enterprise received a label for Form BE-10A but is exempt from filing Form BE-10A, affix

the label in the block below. If a label was not received, enter name and address as contained

on the letter transmitting the report forms to you, indicating any changes or corrections.

BEA Identification

Number

NOTE — A single original copy of this report

shall be filed with the Bureau of Economic

Analysis; this should be the copy with the

address label if such a label has been

provided.

CLAIM FOR NOT FILING

A BE-10, Benchmark Survey of U.S. Direct Investment Abroad —

1994, is required from any U.S. person that had a foreign 

affiliate — that is, that had direct or indirect ownership or control

of at least 10 percent of the voting stock of an incorporated

foreign business enterprise or an equivalent interest in an

unincorporated foreign business enterprise — at any time during

its 1994 fiscal year. (The U.S. person’s 1994 fiscal year is defined

to be the person’s financial reporting year that has an ending date

in calendar year 1994.)

Section 806.4 of 15 CFR, Chapter VIII, requires that all persons

subject to the reporting requirements of the BE-10 survey

respond, whether or not they are contacted by BEA.

It also requires that a person, or their agent, who is contacted by

BEA about reporting in this survey, either by sending them report

forms or by written inquiry, must respond in writing. They may

respond by:

certifying in writing, within 30 days of being contacted by

BEA, to the fact that the person had no direct investment

within the purview of the reporting requirements of the

BE-10 survey;

completing and returning the "BE-10 Claim for Not Filing"

within 30 days of receipt of BE-10 survey report forms; or

filing the properly completed BE-10 report by May 31, or

June 30, 1995, as required.

•

•

•

BASIS OF CLAIM FOR NOT FILING

Mark (X) and complete either A or B

This U.S. person did not own or control, directly and/or indirectly, 10 percent or more of the voting securities of an

incorporated foreign business enterprise, or an equivalent interest in an unincorporated foreign business enterprise (including a

branch or real estate held for other than personal use) at any time during its 1994 fiscal year.

A.

But did file a 1993 BE-11 Annual Survey of U.S. Direct Investment Abroad report with this Bureau.

And did not file a 1993 BE-11 Survey report with this Bureau.

B. This U.S. person did own or control, directly or indirectly, 10 percent or more of the voting securities of an incorporated foreign

business enterprise, or an equivalent interest in an unincorporated foreign business enterprise (including a branch or real estate

held for other than personal use) during its 1994 fiscal year, but (Mark (X) one)

The owners are citizens of a foreign country who (a) are resident in the U.S. as a result of official employment by a foreign

government (including the immediate family of such persons), or (b) have been and expect to be resident in the U.S. for less

than one year.

Is fully consolidated in the BE-10

report of another U.S. person —

Give name and address of that

person and their BEA Identification

Number, if known.

Other — Specify and include reference to section of regulations or instructions on which claim is based.

1

2

3

Name

Address — Number and street or PO Box

City

BEA Identification

Number

State ZIP Code

City State ZIP Code

NOTE — If the U.S. person had foreign affiliates, but no foreign affiliate had total assets, sales or gross operating revenues, or net

income (loss) greater than $3 million (positive or negative), a completed Form BE-10B(LF), BE-10B(SF), or BE-10B BANK is not required

but the U.S. person must still file Form BE-10A and BE-10A SUPPLEMENT or BE-10A BANK and BE-10A BANK SUPPLEMENT. It should

NOT file this "BE-10 Claim for Not Filing."

PENALTIES – Whoever fails to report may be subject to a civil penalty of not less than $2,500, and not more than $25,000, and to

injunctive relief commanding such person to comply, or both. Whoever willfully fails to report shall be fined not more than $10,000

and, if an individual, may be imprisoned for not more than one year, or both. Any officer, director, employee, or agent of any

corporation who knowingly participates in such violations, upon conviction, may be punished by a like fine, imprisonment or both. (See

Section 6 of the Act, 22 U.S.C. 3105.)

353
BE-799 (REV. 10/97)

Part I — Industry classifications ..................

GUIDE TO INDUSTRY AND

FOREIGN TRADE

CLASSIFICATIONS FOR

INTERNATIONAL SURVEYS

Industry classifications adapted from the 1997 North American 

Industry Classification System (NAICS) 

Part II — Foreign trade classifications .............

This guide provides detailed descriptions of each of the industry and foreign trade classification

categories to be used in completing BEA’s international surveys. Industry classifications

described in the first part of this guide are used to determine the type of business conducted

by the entity being reported (pages 3–49). Foreign trade classifications, described in the

second part of this guide (pages 50–53), are used to classify, by product, U.S. exports and

imports of goods.

CONTENTS

3

50

Foreign trade classifications adapted from the Standard

International Trade Classification, Revision 3 (SITC)

U.S. DEPARTMENT OF COMMERCE

BUREAU OF ECONOMIC ANALYSIS

354
BE-799 (REV. 10/97)

Part I — INDUSTRY CLASSIFICATIONS

Page 2

The international surveys industry (ISI) classifications described here are to

be used when completing the industry classifications items in BEA’s

surveys of direct investment and services. The classifications and their

code numbers were adapted by BEA from the 1997 North American

Industry Classification System (hereafter referred to as the "1997 NAICS").

Industry classifications in the previous version of this guide were adapted

from the 1987 Standard Industrial Classification (SIC) system.

Although the SIC system was updated several times, most recently in

1987, its basic structure dates back to the 1930’s. Rapid changes in the

U.S. and world economies in recent years prompted a re-examination of

industry classification issues. The 1997 NAICS, a system for classifying

establishments by type of economic activity, is the result of a joint effort

by staff of BEA and other U.S. Federal statistical agencies, under the

guidance of the Office of Management and Budget, and in cooperation

with statistical agencies in Canada and Mexico. Among other things, the

1997 NAICS better reflects new and advanced technologies and growth

and diversification in the provision of services in recent decades. (More

information about the 1997 NAICS is available on the Internet at

"http://www.census.gov/epcd/www/naics.html")

For reporting on BEA surveys, 197 individual ISI classifications were

adapted from the 1997 NAICS, and each has been assigned a four-digit

numerical code. (The previously used SIC-based 1987 ISI classifications had

137 three-digit codes.) The titles of some ISI classifications, by themselves,

may not be sufficiently descriptive to classify certain activities. More

information on the content of each classification is provided in the detailed

definitions below. For some classifications, a "NOTE" given after the

definition lists closely related activities NOT included in the classification

being defined and the ISI codes for those activities.

For the convenience of those U.S. reporters familiar with the 1997 NAICS,

the 1997 NAICS code or codes that correspond to a given ISI classification

are shown in parentheses under the heading of each ISI classification.

Because differences between a given ISI classification and the

corresponding 1997 NAICS classification(s) may exist, the detailed

definitions of the ISI classifications should be consulted when completing

industry classification items in the survey.

355
BE-799 (REV. 10/97)

PART I — INDUSTRY CLASSIFICATIONS — Continued

SUMMARY OF INDUSTRY CLASSIFICATIONS

Crop production 

Animal production 

Forestry and logging 

Fishing, hunting, and trapping 

Support activities for agriculture

and forestry

AGRICULTURE, FORESTRY,

FISHING, AND HUNTING

1110

MINING

Oil and gas extraction

Coal

Nonmetallic minerals

Iron ores

Gold and silver ores 

Copper, nickel, lead, and

zinc ores

Other metal ores

Support activities for oil and gas

operations

Page 3

Support activities for mining,

except for oil and gas

operations

UTILITIES

Electric power generation,

transmission, and distribution

Natural gas distribution

Water, sewage, and other

systems

CONSTRUCTION

Building, developing, and

general contracting

Heavy construction

Special trade contractors

MANUFACTURING

Animal foods 

Grain and oilseed milling

Sugar and confectionery

products

Fruit and vegetable preserving

and specialty foods

Dairy products

Meat products

Seafood product preparation

and packaging

Bakeries and tortillas

Other food products

Beverages

Tobacco

Textile mills

Textile product mills

Apparel

Leather and allied products

Wood products

Pulp, paper, and paperboard

mills

Converted paper products

Printing and related support

activities

Integrated petroleum refining

and extraction

Petroleum refining without

extraction

Other petroleum and coal

products

Basic chemicals

Resins, synthetic rubbers, and

artificial and synthetic fibers

and filaments

Other general purpose

machinery

Computer and peripheral

equipment

Communications equipment

Audio and video equipment

Semiconductors and other

electronic components

Navigational, measuring,

electromedical, and control

instruments

Manufacturing and reproducing

magnetic and optical media

Electric lighting equipment

Household appliances

Electrical equipment

Other electrical equipment

and components

Motor vehicles

Motor vehicle bodies and trailers

Motor vehicle parts

Aerospace products and parts

WHOLESALE TRADE

Motor vehicles and motor

vehicle parts and supplies

Furniture and home furnishings

Lumber and other construction

materials

Professional and commercial

equipment and supplies

Metals and minerals (except

petroleum)

Electrical goods

Hardware, and plumbing and

heating equipment and

supplies

Machinery, equipment, and

supplies

Miscellaneous durable goods

Pesticides, fertilizers, and other

agricultural chemicals

Pharmaceuticals and medicines

Paints, coatings, and adhesives

Soap, cleaning compounds, and

toilet preparations

Other chemical products and

preparations

Plastics products

Rubber products

Clay products and refractories

Glass and glass products

Cement and concrete products

Lime and gypsum products

Other nonmetallic mineral

products

Iron and steel mills and

ferroalloys

Steel products from purchased

steel

Alumina and aluminum

production and processing

Nonferrous metal (except

aluminum) production and

processing

Foundries

Forging and stamping

Cutlery and hand tools

Architectural and structural

metals

Boilers, tanks, and shipping

containers

Hardware

Spring and wire products

Machine shops, turned

products, and screws, nuts,

and bolts

Coating, engraving, heat

treating, and allied activities

Other fabricated metal products

Agriculture, construction, and

mining machinery

Industrial machinery

Commercial and service

industry machinery

Ventilation, heating, airconditioning, and commercial

refrigeration equipment

Metalworking machinery

Engines, turbines, and power

transmission equipment

Railroad rolling stock

Ship and boat building

Other transportation

equipment

Furniture and related products

Medical equipment and supplies

Other miscellaneous

manufacturing

1120

1130

1140

1150

2111

2121

2123

2124

2125

2126

2127

2132

2133

2211

2212

2213

2330

2340

2350

3111

3112

3113

3114

3115

3116

3117

3118

3119

3121

3122

3130

3140

3150

3160

3210

3221

3222

3231

3242

3243

3244

3251

3252

3253

3254

3255

3256

3259

3261

3262

3271

3272

3273

3274

3279

3311

3312

3313

3314

3315

3321

3322

3323

3324

3325

3326

3327

3328

3329

3331

3332

3333

3334

3335

3336

3339

3341

3342

3343

3344

3345

3346

3351

3352

3353

3359

3361

3362

3363

3364

3365

3366

3369

3370

3391

3399

4211

4212

4213

4214

4215

4216

4217

4218

4219

4221

4222

4223

4224

4225

4226

4227

4228

4229

DURABLE GOODS

Paper and paper products

Drugs and druggists’ sundries

Apparel, piece goods, and

notions

Grocery and related products

Farm product raw materials

Chemical and allied products

Petroleum and petroleum

products

Beer, wine, and distilled

alcoholic beverages

Miscellaneous nondurable

goods

NONDURABLE GOODS

356
BE-799 (REV. 10/97)

PART I — INDUSTRY CLASSIFICATIONS — Continued

SUMMARY OF INDUSTRY CLASSIFICATIONS – Continued

4410

Page 4

RETAIL TRADE

Motor vehicle and parts dealers

Furniture and home furnishings

stores

Electronics and appliance stores

Building material and garden

equipment and supplies

dealers

Food and beverage stores

Health and personal care stores

Gasoline stations

Clothing and clothing

accessories stores

Sporting goods, hobby, book,

and music stores

General merchandise stores

Miscellaneous store retailers

Nonstore retailers

TRANSPORTATION AND

WAREHOUSING

Air transportation

Rail transportation

Petroleum tanker operations

Other water transportation

Truck transportation

Transit and ground passenger

transportation

Pipeline transportation of crude

oil, refined petroleum

products, and natural gas

Other pipeline transportation

Scenic and sightseeing

transportation

Support activities for

transportation

Couriers and messengers

Petroleum storage for hire

Other warehousing and storage

INFORMATION

Newspaper, periodical, book,

and database publishers

Software publishers

Motion picture and video

industries

Sound recording industries

Radio and television

broadcasting

Cable networks and program

distribution

Telecommunications

Information services

Data processing services

Securities and commodity

contracts intermediation and

brokerage

Other financial investment

activities and exchanges

Agencies, brokerages, and other

insurance related activities

Insurance carriers, except life 

insurance carriers

Life insurance carriers

Funds, trusts and other financial

vehicles, except REITs

REAL ESTATE AND RENTAL

AND LEASING

Real estate

Automotive equipment rental

and leasing

Other rental and leasing

services

Lessors of non-financial

intangible assets (except

copyrighted works)

PROFESSIONAL, SCIENTIFIC,

AND TECHNICAL SERVICES

Legal services

Accounting, tax preparation,

bookkeeping, and payroll

services

Architectural, engineering, and

related services

Specialized design services

Computer systems design and

related services

Management, scientific, and

technical consulting services

Scientific research and 

development services

Advertising and related services

Other professional, scientific,

and technical services

Office administrative services

Facilities support services

Employment services

Business support services

Travel arrangement and

reservation services

ADMINISTRATIVE AND

SUPPORT, WASTE

MANAGEMENT, AND

REMEDIATION SERVICES 

Services to buildings and

dwellings

Other support services

Waste management and

remediation services

EDUCATIONAL SERVICES

Educational services

HEALTH CARE AND SOCIAL

ASSISTANCE

Ambulatory health care services

Hospitals

Nursing and residential care

facilities

Social assistance

ARTS, ENTERTAINMENT,

AND RECREATION

Performing arts, spectator

sports, and related industries

Museums, historical sites, and

similar institutions

Amusement, gambling, and

recreation industries

ACCOMMODATIONS AND

FOOD SERVICES

Accommodations

Foodservices and drinking

places

OTHER SERVICES

Repair and maintenance

Personal and laundry services

Religious, grantmaking, civic,

professional, and similar

organizations

4420

4431

4440

4450

4461

4471

4480

4510

4520

4530

4540

4810

4821

4833

4839

4840

4850

4863

4868

4870

4880

4920

4932

4939

5111

5112

5121

5122

5131

5132

5133

5141

5142

5221

5223

5224

5229

5231

5238

5242

5243

5249

5252

5310

5321

5329

5331

5411

5412

5413

5414

5415

5416

5417

5418

5419

5512

5513

5611

5612

5613

5614

5615

5616

5617

5619

5620

6110

6210

6220

6230

6240

7110

7121

7130

7210

7220

8110

8120

8130

Non-depository branches and 

agencies

Investigation and security

services

MANAGEMENT OF

COMPANIES AND

ENTERPRISES 

Holding companies, except bank

holding companies

Corporate, subsidiary, and

regional management offices

FINANCE AND INSURANCE

Depository credit intermediation

(Banking)

Activities related to credit

intermediation

Non-depository credit

intermediation

PUBLIC ADMINISTRATION

9200 Public administration

357
BE-799 (REV. 10/97) Page 5

Part I — INDUSTRY CLASSIFICATIONS — Continued

AGRICULTURE, FORESTRY, FISHING, AND HUNTING

The agriculture, forestry, fishing, and hunting sector (ISI codes 1110–1150) comprises businesses engaged in

growing crops, raising animals, harvesting timber, and harvesting fish and other animals from a farm, ranch, or

their natural habitats. The sector distinguishes two basic activities: agricultural production and agricultural

support activities. Agricultural production includes businesses performing the complete farm or ranch operation,

such as farm owner-operators, tenant farm operators, and sharecroppers. Agricultural support activities include

businesses that perform one or more activities associated with farm operation, such as soil preparation, planting,

harvesting, and management, on a contract or fee basis.

1110 

Businesses engaged in growing crops for food and fiber.

Examples of such crops are:

Corn 

Cotton 

Dry peas and beans 

Fruits and tree nuts 

Maple sap 

Mushrooms 

Also included are nursery, tree (with growth cycles of 10 years or less), and floriculture production.

Businesses that raise or fatten animals or sell animal products.

Examples of businesses in, or products of, this industry are:

Beef cattle ranches, farms, and feedlots 

Dairy cattle and milk production 

Farm-raised fish 

Fur-bearing animals

NOTE – The catching or taking of fish from their natural habitat is classified in ISI code 1140.

Forestry and logging 

(1997 NAICS code 113)

Businesses in this industry grow and harvest timber on a long production cycle of 10 years or more. They engage in

the operation of timber tracks for the purpose of selling standing timber. These businesses also grow trees for

reforestation or for gathering forest products such as barks, fibers, ginseng, gums, and truffles.

NOTE – Growing short rotation woody trees with a growth cycle of less than 10 years is classified in ISI code 1110.

1140

Businesses engaged in:

Commercial catching or taking of finfish, shellfish, or miscellaneous marine products from a natural habitat 

Commercial hunting or trapping 

NOTE – 

1150 

Businesses that provide support services to agricultural and forestry production.

Examples of activities of this industry are:

Breeding services for animals 

Crop production and harvesting services 

Farm labor and management services 

NOTE – 

Crop production 

(1997 NAICS code 111)

Potatoes 

Soybeans and other oilseeds 

Sugarcane and sugarbeets 

Tobacco 

Vegetables and melons 

Wheat

Animal production 

(1997 NAICS code 112)

NOTE – Managing farms without owning and/or operating the farms is classified in ISI code 1150.

1120 

1130 

Fishing, hunting, and trapping 

(1997 NAICS code 114)

Operating nature preserves is classified in ISI code 7121.

Support activities for agriculture and forestry 

(1997 NAICS code 115)

Hog and pig farms 

Horses 

Poultry and egg products

Forestry consulting 

Postharvest crop activities 

Soil preparation services

The farm raising of finfish and shellfish are classified in ISI code 1120. 

The commercial catching or taking and processing of fresh fish such as canning, freezing, etc, on the fishing

vessel are classified in ISI code 3117. 

Stemming and redrying tobacco are classified in ISI code 3122.

Landscaping services are classified in ISI code 5617.

Gathering maple sap is classified in ISI code 1110.

Holding land with trees as real estate property is classified in ISI code 5310.

Operating game or hunting preserves

358
BE-799 (REV. 10/97) Page 6

Part I — INDUSTRY CLASSIFICATIONS — Continued

The mining sector (ISI codes 2111–2133) comprises businesses that extract naturally occurring mineral solids,

such as coal and ores; liquid minerals, such as crude petroleum; and gases, such as natural gas. The term mining

is used in the broad sense to include quarrying, well operations, crushing, washing, and other operations

performed at the mine site. This sector consists of two basic activities: (1) mine operation and (2) mining support

activities. Mine operations are classified according to the natural resource mined. Businesses that mine and

further process the mined materials into a finished product, are classified in manufacturing. For example, a

business operating a granite quarry, producing dimension stone, and further shaping the dimension stone into

building stone would be classified in manufacturing.

2111

Businesses engaged in operating oil and gas field properties, including all activities in the preparation of oil and gas

up to the point of shipment from the producing property. Includes businesses that operate oil and gas wells for others

on a contract or fee basis.

Examples of activities in the industry are:

Drilling, completing, and equipping wells 

Exploring for crude petroleum and natural gas 

Mining and extraction of oil from oil shale and oil sands 

NOTE – Crude petroleum extraction combined with refining is classified in ISI code 3242.

2121 

Businesses engaged in developing mine sites for, or in mining, and preparing (crushing, screening, washing, sizing,

etc.) the following minerals:

Anthracite 

Bituminous coal 

Lignite

NOTE – The production of coal fuel briquettes and packed fuel is classified in ISI code 3244.

2123 

Businesses engaged in developing mine sites for, or in mining, quarrying, and preparing (crushing, screening,

washing, sizing, etc.) nonmetallic minerals (other than coal, oil, and gas) such as:

Chemical and fertilizer minerals, such as 

celestite, flourspar, barite, and sulphur 

NOTE – 

2124 

Businesses engaged in developing mine sites for, or in mining, and preparing (crushing, screening, washing, sizing,

etc.) iron ores and manganiferous ores, and/or producing sinter and other agglomerates.

NOTE – Operating blast furnaces to produce pig iron is classified in ISI code 3311.

Businesses engaged in developing mine sites for, or in mining, and preparing (crushing, screening, washing, sizing,

etc.) ores valued chiefly for their gold and silver content. The transformation of these ores into bullion or dore bar in

combination with mining activities is also included in this industry.

NOTE – Manufacturing gold or silver bullion or dore bar without mining is classified in ISI code 3314.

MINING

Oil and gas extraction

(1997 NAICS code 211)

Operating separators, emulsion breakers, and desilting equipment 

Producing natural gas and recovering hydrocarbon liquids of oil from oil and gas field gases

Coal

(1997 NAICS code 2121)

Grinding, pulverizing, or otherwise treating clay, ceramic, and refractory minerals is classified in ISI code 3271. 

Iron ores

(1997 NAICS code 21221)

Gold and silver ores

(1997 NAICS code 21222)

2125 

Production of lime is classified in ISI code 3274. 

Dressing of dimension stone and other crushed and ground minerals such as talc, mica, and feldspar is

classified in ISI code 3279.

(1997 NAICS code 2123)

Nonmetallic minerals

Gypsum, mica, and talc 

Phosphate 

Potash, soda, and borate 

Sand and gravel

Clay, ceramic, and refractory minerals 

Crushed and broken limestone and granite 

Dimension stone 

Production of phosphoric acid, superphosphates, or other manufactured phosphate compounds or chemicals

is classified in ISI code 3253. 

359
BE-799 (REV. 10/97) Page 7

Part I — INDUSTRY CLASSIFICATIONS — Continued

2126

(1997 NAICS code 21223)

Businesses engaged in developing mine sites for, or in mining, and preparing (crushing, screening, washing, sizing,

etc.) ores valued chiefly for their copper, nickel, lead, or zinc content. The transformation of these ores into

concentrates is also included in this industry.

NOTE – Refining copper concentrates is classified in ISI code 3314.

2127 

(1997 NAICS code 21229)

Businesses engaged in developing mine sites for, or in mining, and preparing (crushing, screening, washing, sizing,

etc.) other metal ores such as:

Antimony 

Colombium 

Ilmenite 

Magnesium 

NOTE – Enriching uranium is classified in ISI code 3251.

2132 

(1997 NAICS code 213111 and 213112)

Businesses engaged in performing oil or gas field services, for others, on a contract or fee basis.

Examples of services provided in this industry are:

Drilling wells for oil or gas field operations 

Exploration 

Grading and building foundations at well locations 

Well surveying

NOTE – 

2133 

(1997 NAICS code 2131 except for 213111 and 213112)

Businesses engaged in performing support services, on a contract or fee basis, required for the mining and quarrying

of minerals.

Examples of services provided in this industry are:

Exploration, including prospecting and taking ore samples 

Making geological observations

NOTE – 

Performing geophysical surveying services for minerals on a contract or fee basis is classified in ISI code 5413.

MINING – Continued

Copper, nickel, lead, and zinc ores

Other metal ores

Support activities for oil and gas operations

Support activities for mining, except oil and gas operations

UTILITIES

The utilities sector (ISI codes 2211–2213) comprises businesses engaged in the provision of the following

utility services: electric power, natural gas, steam supply, water supply, and sewage removal.

2211 

(1997 NAICS code 2211)

Businesses engaged in generating, transmitting, and/or distributing electric power. Includes hydroelectric, fossil fuel,

nuclear, and solar power generation.

2212 

(1997 NAICS code 2212)

Businesses that operate natural gas distribution systems, buy gas from the well and sell it to a distribution system, or

arrange the sale of gas over distribution systems operated by others.

NOTE – Transmitting natural gas from the producer to the distributor via pipelines is classified in ISI code 4863.

Molybdenum 

Tungsten 

Uranium-radium-vanadium

Electric power generation, transmission, and distribution

Natural gas distribution

Performing geophysical surveying services for oil and gas on a contract or fee basis is classified in ISI

code 5413.

Complete responsibility for operating oil and gas wells for others on a contract or fee basis is

classified in ISI code 2111.

Complete responsibility for operating mines for others on a contract or fee basis is classified according to the

product mined rather than in support activities for mining.

NOTE – Operating trash incinerators that also generate electricity is classified in ISI code 5620.

360
BE-799 (REV. 10/97) Page 8

Part I — INDUSTRY CLASSIFICATIONS — Continued

UTILITIES – Continued

2213 

Businesses engaged in operating water treatment plants and/or operating water supply systems, operating sewer

systems, or sewage treatment facilities that collect, treat, and dispose of waste.

NOTE – 

Water, sewage, and other systems

(1997 NAICS code 2213)

CONSTRUCTION

The construction sector (ISI codes 2330–2350) comprises businesses engaged in the construction of buildings

and other structures, heavy construction other than buildings, additions, alterations, reconstruction, installation,

and maintenance and repairs. This sector includes businesses engaged in demolition or wrecking of buildings

and other structures, clearing of building sites, the sale of materials from demolished structures, and businesses

engaged in blasting, test drilling, landfill, leveling, earth-moving, excavating, land drainage, and other land

preparation.

Construction performed by a business primarily engaged in an activity other than construction, for its own

account and use, and by its own employees (force construction), is excluded from this industry, and is classified

according to the principle activity of the business.

2330 

Businesses in this industry usually assume responsibility for an entire construction project, and may subcontract

some or all of the actual construction work. Includes general contractors, design-builders, engineer-constructors,

joint-venture contractors, turnkey construction contractors, and construction management firms.

Examples of products and activities of this industry are:

Industrial buildings 

Land development and subdivision 

Residential buildings

2340 

Businesses engaged in general construction projects other than buildings.

Examples of construction projects in this industry are:

Bridges and tunnels 

Highways and streets 

Industrial non-building structures 

Power and communication transmission lines 

Water mains, sewers, and pipelines

2350 

Businesses engaged in specialized construction activities and work for builders and general contractors under

subcontract or directly for project owners. Includes businesses engaged in demolition or wrecking of buildings and

other structures, dismantling of machinery, excavating, shoring and underpinning, anchored earth retention activities,

foundation drilling, and grading for buildings.

Examples of businesses in this industry are:

Carpentry and floor contractors 

Heating and air conditioning contractors 

Masonry and drywall contractors 

Plumbing contractors 

Roofing, siding, and sheet metal contractors

NOTE – 

Building, developing, and general contracting

(1997 NAICS code 233)

Heavy construction

(1997 NAICS code 234)

Special trade contractors

(1997 NAICS code 235)

Operating waste treatment or disposal facilities (other than sewer systems or sewage treatment facilities) are

classified in ISI code 5620.

Special trade contractors performing work relating to heavy construction, such as grading for highways are

classified in ISI code 2340.

361
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Part I — INDUSTRY CLASSIFICATIONS — Continued

MANUFACTURING

The manufacturing sector (ISI codes 3111–3399) comprises businesses engaged in the mechanical, physical, or

chemical transformation of materials, substances, or components into new products. The assembling of

component parts of manufactured products is considered manufacturing, except in cases where the activity is

classified in Construction (e.g., structures).

Manufacturing businesses acquire materials that are products of agriculture, forestry, fishing, mining, and

quarrying as well as products of other manufacturing businesses. A business may process the materials itself or

may contract with another manufacturer to perform the processing on materials which they provide to the other

manufacturer. Both types of businesses are included in manufacturing.

The product produced by a manufacturer may be finished for final consumption or it may be a material input for

an entity engaged in further manufacturing. For example, the product of an alumina refinery is the input used in

the primary production of aluminum; primary aluminum is the input to an aluminum wire drawing plant; and

aluminum wire is the input for a fabricated wire product manufacturer.

Some borderline activities that are classified in manufacturing are:

Apparel jobbing (assigning of materials to contract factories 

or shops for fabrication or other contract operations) 

as well as contracting on materials owned by others 

Some borderline activities that are not classified in manufacturing are:

Logging is classified in Agriculture, Forestry, Fishing, and Hunting (ISI codes 1110–1150).

The dressing and beneficiating of ores is classified in Mining (ISI codes 2111–2133).

The construction of structures and fabricating operations performed at the site of construction by contractors is classified

in Construction (ISI codes 2330–2350).

The breaking of bulk and redistribution in smaller lots, including packaging and repackaging products, such as liquors or

chemicals; the customized assembly of computers; sorting of scrap; mixing paints to customer order; and cutting metals

etc. to customer order are classified in Wholesale or Retail Trade (ISI codes 4211–4540).

Publishing and the combined activity of publishing and printing is classified in Information (ISI codes 5111–5142).

Although the activity performed is the transformation of information into a product, the value of the product to the

consumer lies in the information content, not in the format in which it is distributed (i.e., the book, the software diskette,

etc.).

Aircraft and aerospace research and development 

Lapidary work for the trade 

Machine shop work 

3111 

(1997 NAICS code 3111)

Businesses engaged in manufacturing food and feeds for animals from ingredients such as grains, oilseed mill

products, and meat products.

3112 

(1997 NAICS code 3112)

Examples of products or processes of this industry are:

Breakfast cereals

NOTE – 

Animal foods

Grain and oilseed milling

Rice milling

Shortenings and margarines

Soybean processing

Vegetable oils and fats

Wet milled corn products, such as sweeteners

and starches

Fats and oils refining and blending, 

including blending purchased animal 

fats and oils with vegetable fats

Flour milling

Malt manufacturing

Manufacturing: 

Rendered or refined animal fats and oils are classified in ISI code 3116. 

Mass production of computer software 

or video tapes from a master copy 

Milk bottling and pasteurizing 

Printing and related support activities 

Ready-mixed concrete production 

Rebuilding machinery, but not repairing 

(i.e. automotive parts) 

Ship repair and renovation 

Tire retreading 

Wood preserving

Fabricating signs and advertising displays 

Fresh fish packaging (oyster shucking, fish filleting) 

Electroplating, plating, metal heat treating, and 

polishing for the trade

Prepared flour mixes or doughs from flour ground elsewhere is classified in ISI code 3118. 

Table syrups from corn syrup and starch base dessert powders is classified in ISI code 3119. 

Coffee substitutes from grain is classified in ISI code 3119. 

Malt extracts and syrups is classified in ISI code 3119.

Malt beverages is classified in ISI code 3121.

Within the manufacturing sector, the individual industries generally reflect distinct production processes related

to material inputs and production equipment. In the machinery area, where assembling is a key activity, parts and

accessories for manufactured products are classified in the industry of the finished manufactured item when

they are made for sale separately. For example, a replacement refrigerator door would be classified with

refrigerators and an attachment for a piece of metal working machinery would be classified with metal working

machinery. However, components and inputs from other manufacturers are classified based on the production

function of the component manufacturer.

362
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MANUFACTURING – Continued

3113 

(1997 NAICS code 3113)

Businesses that process agricultural inputs such as sugar cane, beet, and cacao to manufacture sugars,

chocolates, or confectioneries and businesses that further process purchased sugar and chocolate.

Examples of businesses in, or products of, this industry are:

Candy

Chewing gum

Chocolate

Confectioneries

Sugars, such as cane and beet

NOTE –

3114 

(1997 NAICS code 3114)

Businesses engaged in manufacturing frozen foods of vegetable or animal origins or in manufacturing

canned, pickled and dried fruits, vegetables, and specialty foods.

Examples of products of this industry are:

Canned baby foods 

Canned fruits, juices and vegetables 

Canned (non-seafood) soups 

Catsup, salsa, barbeque, and other 

tomato-based sauces 

NOTE – 

3115 

(1997 NAICS code 3115)

Businesses engaged in manufacturing dairy products from raw milk, processed milk, and dairy substitutes.

Examples of products of this industry are:

Butter and cheeses 

Canned, condensed, and evaporated milk 

Fluid milk and cream 

NOTE – 

3116 

(1997 NAICS code 3116)

Examples of products or processes of this industry are:

Animal slaughtering and processing yielding meats, meat by-products, and variety meats 

Lard 

Poultry processing 

Refined animal fats and oils 

Small game processing

NOTE – 

Drying, freezing, and breaking eggs is classified in ISI code 3119.

Sugar and confectionery products

Granola bars

Molasses

Retail candy stores, if confectioneries 

are manufactured on the premises, and 

are not for immediate consumption

Manufacturing: 

Maple syrup is classified in ISI code 1110.

Corn sweeteners by wet milling corn is classified in ISI code 3112. 

Sweetening syrups from corn syrup is classified in ISI code 3119.

Artificial sweeteners is classified in ISI code 3251.

Fruit and vegetable preserving and specialty foods

Frozen or canned dairy products are classified in ISI code 3115. 

Frozen or canned meat products are classified in ISI code 3116. 

Frozen or canned seafood soups and products are classified in ISI code 3117. 

Frozen bakery products are classified in ISI code 3118. 

Dry soup mixes and bouillon made from purchased ingredients is classified in ISI code 3119.

Canned fruit and vegetable drinks are classified in ISI code 3121.

Manufacturing: 

Dairy products

Manufacturing: 

Margarine or margarine-butter blends is classified in ISI code 3112. 

Frozen whipped toppings is classified in ISI code 3114.

Meat products

Ice cream, frozen yogurt, and other dairy desserts 

Whipped toppings 

Yogurt

Meat-based animal feeds from carcasses is classified in ISI code 3111. 

Canned meat, small game, and poultry for baby food is classified in ISI code 3114.

Manufacturing: 

Frozen food specialties such as dinners, entrees, 

and side dishes 

Dried and dehydrated fruits and vegetables 

Dry soup mixes and bouillon made in dehydration plants

Frozen fruits, juices, and vegetables 

Frozen waffles, pancakes, and french toast 

Frozen whipped toppings 

Jams and jellies 

Pickled fruits and vegetables

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MANUFACTURING – Continued

3117 

Examples of processes of this industry are:

Canning seafood (including soup)

Fresh and frozen seafood processing

3118 

Examples of products of this industry are:

Breads and other bakery products, from "retail" 

bakeries, if the goods are manufactured on 

the premises, and are not for immediate on 

the premises consumption 

NOTE – 

Retailing bakery products manufactured elsewhere, not for immediate consumption is classified in

ISI code 4450.

3119 

Examples of products of this industry are:

Coffee and tea

NOTE – 

3121 

Examples of products or processes of this industry are:

Beer, ale, and malt liquor 

Distilled and blended liquors 

Ice manufacturing 

NOTE – 

Seafood product preparation and packaging

(1997 NAICS code 3117)

Bakeries and tortillas 

(1997 NAICS code 3118)

Manufacturing:

Canned pasta and tortillas and frozen tortillas is classified in ISI code 3114.

Pretzels (except soft) and tortilla chips is classified in ISI code 3119.

Fresh pasta is classified in ISI code 3119.

Selling bakery products for immediate consumption on premises is classified in ISI code 7220.

Other food products

(1997 NAICS code 3119)

Peanut butter

Dressings, mayonnaise, and other 

prepared sauces (except tomato based)

Flavoring syrups, concentrates, and extracts

Fresh pastas and pizzas

Natural food colorings

Potato chips, corn chips, popcorn, pretzels 

(except soft), nuts and other snack foods

Powdered drink mixes

Seasonings, extracts, and spices

Manufacturing: 

Chocolate or candy coated nuts and candy covered popcorn is classified in ISI code 3113. 

Chocolate syrup is classified in ISI code 3113. 

Tomato-based sauces is classified in ISI code 3114. 

Soft pretzels is classified in ISI code 3118. 

Bottled or canned ice tea is classified in ISI code 3121. 

Synthetic food colorings and natural colorings for non-food uses is classified in ISI code 3251.

Beverages

(1997 NAICS code 3121)

Purifying and bottling water 

Soft drinks 

Wines and brandies

Milk-based drinks is classified in ISI code 3115. 

Soft drink bases are classified in ISI code 3119. 

Non-alcoholic cider is classified in ISI code 3119. 

Dry ice is classified in ISI code 3251.

Manufacturing: 

Bottling purchased purified water is classified in ISI code 4224. 

Bottling liquors, malt beverages, and wines produced elsewhere is classified in ISI code 4228.

Dry pasta 

Flour mixes and dough mixes from purchased flour 

Soft pretzels 

Tortillas

Cookies and crackers 

3122 

Examples of products or processes of this industry are:

Cigarettes

Cigars

Tobacco

(1997 NAICS code 3122)

Smoking and chewing tobacco

Stemming or redrying of tobacco

Shucking and packing fresh shellfish

Smoking, salting, and drying seafoods

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3130 

(1997 NAICS code 313)

Businesses engaged in transforming a basic fiber (natural or synthetic) into a product, such as a yarn or fabric, that is

further manufactured into usable items, such as apparel, sheets and towels. The main processes in this industry

include preparation and spinning of fiber, knitting or weaving of fabric, and the finishing of the product.

Examples of businesses in this industry are:

Fabric coating mills

Fabric mills, broadwoven, narrow, and nonwoven

NOTE – 

3140 

(1997 NAICS code 314)

Businesses engaged in producing non-apparel textile products using "cut and sew" processes, i.e., purchasing fabric

and cutting and sewing the fabric to make the products.

Examples of businesses in, or products of, this industry are:

Carpet and rug mills

Curtain and linen mills

Rope, cordage, and twine

NOTE – 

3150 

(1997 NAICS code 315)

Businesses engaged in producing garments using "cut and sew" processes, i.e., purchasing fabric and cutting and

sewing to make apparel; and the manufacture of apparel by first knitting a fabric and then cutting and sewing the

fabric into apparel.

Examples of businesses in, or products of, this industry are:

Athletic wear

Belts and neckties

Fur and leather apparel

Gloves and mittens

Hats and caps

NOTE – 

Knitting fabric, when not combined with the production of complete apparel, is classified in ISI code 3130.

Textile mills

Manufacturing: 

Textile products (except apparel) from purchased fabric is classified in ISI code 3140.

Apparel from purchased fabric is classified in ISI code 3150.

Artificial and synthetic fibers is classified in ISI code 3252.

Textile product mills

Manufacturing:

Lace curtains on lace machines is classified in ISI code 3130.

Luggage is classified in ISI code 3160.

Canvas blinds and shades is classified in ISI code 3370.

Manufacturing: 

Orthopedic hosiery is classified in ISI code 3391.

Athletic gloves, such as golf and batting gloves, is classified in ISI code 3399.

Sheets and towels

Textile bag and canvas mills

Tire cord and tire fabric mills

Apparel

Hosiery and sock mills

Men’s, women’s, and children’s cut and sew apparel

Underwear, nightwear, and outerwear knitting mills

Work clothing

Lace manufacturers

Textile and fabric finishing mills

Fiber, yarn, and thread mills

3160 

(1997 NAICS code 316)

Businesses engaged in transforming hides into leather by tanning or curing, and fabricating the leather into products

for final consumption. Also includes manufacturers of certain products made from "leather substitutes," such as

rubber, plastic, or textiles.

Examples of products or processes of this industry are:

Footwear, including plastic and rubber footwear 

Handbags, purses, and wallets 

Leather and hide tanning 

Luggage 

NOTE – 

Leather and allied products

Manufacturing: 

Leather apparel and accessories is classified in ISI code 3150. 

Orthopedic footwear is classified in ISI code 3391. 

Personal goods of precious metal is classified in ISI code 3399.

Personal leather goods (of any material, 

except precious metal) such as key 

cases and coin purses 

Saddles

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MANUFACTURING – Continued

3210 

(1997 NAICS code 321)

Businesses engaged in the manufacturing of wood products from logs that are cut into bolts, planks, or boards that

then may be further cut or shaped by lathes or other shaping tools. Processing may include sawing, planing, shaping,

laminating, and assembly.

Examples of products of this industry are:

Clothes pins

Cork products

Dowels

Millwork

Mobile homes

Prefabricated wood buildings

NOTE – 

3221 

(1997 NAICS code 3221)

Businesses engaged in the manufacture of pulp and paper, including newsprint and paperboard. Pulp is produced by

separating cellulose fibers from impurities in wood or other materials. Paper is produced by matting these fibers into

a sheet. Businesses that manufacture paper in combination with paper converting are classified in this industry.

3222 

(1997 NAICS code 3222)

Businesses engaged in converting paper or paperboard, but that are not engaged in manufacturing paper or

paperboard. Converted paper products are produced from paper and other materials by various cutting and shaping

techniques. Processing may include coating and laminating.

Examples of products of this industry are:

Coated and laminated papers, including combinations of paper, plastics film, 

and metal foils for packaging purposes 

NOTE – 

Wood products

Reconstituted wood

Sawmill products

Tool handles

Veneers, plywood, and engineered wood products

Wood trusses

Wood windows and doors

Pulp, paper, and paperboard mills

Converted paper products

Corrugated and solid fiber boxes 

Fiber cans, tubes, and drums 

Folding and setup paperboard boxes 

Gift wrap paper 

Paper bags 

Sanitary food containers and paper products 

Stationery products and paper office supplies 

Wallpaper

Manufacturing: 

Paper and/or paperboard and converting those products is classified in ISI code 3221.

Photographic and blueprint paper is classified in ISI code 3259. 

Carbon paper is classified in ISI code 3399.

3231 

(1997 NAICS code 3231)

Businesses engaged in apparel and printing by transferring an image from a plate, screen, or computer file to some

medium, such as paper, plastic, metal, apparel and textile articles, or wood. Processes include lithographic, gravure,

screen, digital, and flexographic printing. Support activities include bookbinding, plate making, typesetting, and data

imaging.

Publishing of printed products, i.e., the reporting, writing, editing, and other processes that are required to create an

edition of a newspaper, for example, is treated as an activity in its own right rather than as a subsidiary activity to a

manufacturing activity (printing) and is classified in ISI code 5111. A business that also prints what it publishes is

classified in ISI code 5111.

Examples of products printed by businesses in, and processes of, this industry are:

Books

Business forms

Digital printing

Greeting cards

NOTE – 

Printing and related support activities

Newspapers

Quick printing

Periodicals

Duplicating services and photocopying without printing services are classified in ISI code 5614.

Printing on fabrics (or "grey goods") is classified in ISI code 3130. 

Manufacturing:

Wood furniture frames is classified in ISI code 3370. 

Wood burial caskets is classified in ISI code 3399.

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MANUFACTURING – Continued

3242 

(part of 1997 NAICS codes 211 and 32411)

Businesses engaged in both extraction (operating oil and gas field properties) AND refining (separating crude

petroleum into component products through such techniques as fractionation, cracking, and distillation).

NOTE – 

3243 

(part of 1997 NAICS code 32411)

Businesses engaged in separating crude petroleum into component products through such techniques as

fractionation, cracking, and distillation.

Examples of products of this industry are:

Fuel oils

Gasoline 

Jet fuel

Kerosene

NOTE – 

3244 

(1997 NAICS code 3241, except 32411)

Businesses engaged in further processing of refined petroleum and coal products.

Examples of products or processes of this industry are:

Asphalt and tar paving mixtures

Brake fluids

Petroleum coke, not produced in petroleum refineries

Petroleum fuel briquettes, not produced in petroleum 

refineries

NOTE – 

3251 

(1997 NAICS code 3251)

Businesses engaged in the transformation of organic and inorganic raw materials by a chemical process.

Examples of products of this industry are:

Alkalies and chlorine (100 percent) and 

other inorganic chemicals 

NOTE – 

Integrated petroleum refining and extraction

Crude petroleum extraction without refining is classified in ISI code 2111.

Petroleum refining without extraction

Crude petroleum extraction without refining is classified in ISI code 2111.

Crude petroleum extraction combined with refining is classified in ISI code 3242.

Other petroleum and coal products

Petroleum lubricating oils, greases, and waxes, not 

produced in petroleum refineries

Roofing cements and coatings from refined petroleum

Saturating purchased mats and felts with asphalt 

or tar

Manufacturing:

Paper mats and felts and saturating them with asphalt or tar into sheets and rolls is classified in 

ISI code 3221.

Petrochemicals from refined petroleum is classified in ISI code 3251.

Synthetic lubricating oils and greases is classified in ISI code 3259.

Basic chemicals

Manufacturing: 

Food dyes (except synthetic) is classified in ISI code 3119.

Household bleaches is classified in ISI code 3256.

Electrostatic and photographic toners is classified in ISI code 3259.

Chlorine for swimming pools is classified in ISI code 3259.

Alumina is classified in ISI code 3313.

Industrial bleaches 

Industrial gases 

Petrochemicals from refined petroleum or liquid 

hydrocarbons, such as acyclic aliphatics, benzene, 

toluene, styrene, and xylene 

Dyes, pigments, lakes, and toners 

Ethyl alcohol 

Gum and wood chemicals 

Potassium and sodium compounds 

Sulphuric acids 

Synthetic flavors, artificial sweeteners, food dyes, and 

perfume materials

Carbon black 

Charcoal briquettes 

Cyclic crudes 

3252 

(1997 NAICS code 3252)

Businesses engaged in manufacturing synthetic resins, plastics materials, and nonvulcanizable elastomers, and

mixing and blending resins to a custom basis.

Examples of products of this industry are:

Butyl rubber, latex rubber, silicon rubber, 

and other synthetic rubbers

Plastics materials

NOTE – 

Resins, synthetic rubbers, and artificial and synthetic fibers and filaments

Manufacturing resin adhesives is classified in ISI code 3255. 

Processing natural, synthetic, or reclaimed rubber into intermediate or final products is classified in 

ISI code 3262.

Rayon, acetate, nylon, polyester, and other synthetic fibers

Resins

Thermoplastic elastomers

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3254 

(1997 NAICS code 3254)

Businesses engaged in one or more of the following activities: (1) manufacturing biological and medicinal products;

(2) processing (grading, grinding and milling) botanical drugs and herbs; (3) isolating active medicinal principals from

botanical drugs and herbs; and (4) manufacturing pharmaceutical products intended for internal and external

consumption in such forms as ampules, tablets, capsules, vials, ointments, powders, solutions, and suspensions.

Examples of products of this industry are:

Alkaloids

Antibiotics

Blood derivatives

Botanicals

3255 

(1997 NAICS code 3255)

Businesses engaged in mixing pigments, solvents, and binders into paints, stains, and other coatings and/or

manufacturing allied paint products and adhesives.

Examples of products of this industry are:

Caulking compounds

Enamels

Glues

Paint

NOTE – 

3256 

(1997 NAICS code 3256)

Businesses engaged in manufacturing and packaging soap and other cleaning compounds, surface active agents, and

toilet preparations.

Examples of products of this industry are:

Air and room fresheners

Household bleaches

Laundry and dishwashing detergents

Natural glycerin

NOTE – 

3259 

(1997 NAICS code 3259)

Examples of products of this industry are:

Aerosol packaging (mixing chemicals and 

propellant in aerosol cans)

Automotive antifreeze

Carbon black

Custom compounding of purchased plastics resins

NOTE – 

Pharmaceuticals and medicines

Endocrine substances

In vitro and in vivo diagnostics

Vaccines

Vitamins

Paints, coatings, and adhesives

Paint and varnish removers

Varnishes, lacquers, and shellacs

Wood sealers and preservers

Manufacturing: 

Turpentine is classified in ISI code 3251.

Artists’ paints is classified in ISI code 3399.

Soap, cleaning compounds, and toilet preparations

Oven cleaners

Perfumes, cosmetics, creams, and lotions

Toothpaste and denture cleaners

Wetting agents, emulsifiers, and penetrants

Manufacturing industrial bleaches and synthetic glycerin is classified in ISI code 3251.

Other chemical products and preparations

Explosives

Gelatins

Matches

Photographic (sensitized) film, paper, plates, and chemicals

Printing ink

Manufacturing: 

Medicinal gelatins is classified in ISI code 3254.

Photographic toner cartridges is classified in ISI code 3333.

Computer printer toner cartridges is classified in ISI code 3341.

3253 Pesticides, fertilizers, and other agricultural chemicals

(1997 NAICS code 3253)

Businesses engaged in manufacturing nitrogenous or phosphatic materials and mixing those ingredients into

fertilizers or mixing ingredients produced elsewhere into fertilizers, or formulating and preparing agricultural and

household pest control chemicals.

Examples of products of this industry are:

Ammonia fertilizers

Compost and potting soil

Herbicides

Insecticides

NOTE – Manufacturing nitrogenous or phosphatic materials not for use as fertilizers is classified in ISI code 3251.

Nitro-phosphates

Plant hormones

Urea

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3262 

(1997 NAICS code 3262)

Businesses engaged in processing natural, synthetic, or reclaimed rubber materials into intermediate or final products

using processes such as vulcanizing, cementing, molding, extruding, and lathe-cutting.

Examples of products or processes of this industry are:

Latex foam

Prophylactics

Rebuilding and retreading tires

Rubber and plastics hoses and belting

Rubber floor mats and stair treads

NOTE – 

Repairing tires is classified in ISI code 8110.

Page 16

Rubber products

Manufacturing: 

Rubber footwear is classified in ISI code 3160.

Rubber gaskets, packing, and sealing devices is classified in ISI code 3399.

Rubber medical sundries

Tire repair materials

Tires and inner tubes from natural and synthetic rubber

Tread rubber

3271

(1997 NAICS code 3271)

Businesses engaged in transforming mined or quarried clay and like materials into bricks, refractory, and ceramic

products. Processes used include grinding, mixing, cutting, shaping, and honing raw materials. Heat and chemicals

are often used to change the composition and properties of the intended product.

Examples of products of this industry are:

Bricks and other clay structural products

Ceramic wall and floor tiles

Clay and vitreous china plumbing fixtures

Crucibles and furnace linings

NOTE – 

3272 

(1997 NAICS code 3272)

Businesses engaged in manufacturing glass and glass products. Glass is produced by heating silica sand to the

melting point and then drawn, floated, or blow molded to the desired shape. Glass products may be produced from

purchased glass.

Examples of products of this industry are:

Flat glass

Glass containers

Glassware

Pressed and blown glass

Unsheathed fiber optic material

NOTE – 

Clay products and refractories

Manufacturing:

Enameled iron and steel plumbing fixtures is classified in ISI code 3329. 

Ferrite microwave devices and electronic components is classified in ISI code 3344.

Glass and glass products

Manufacturing: 

Glass wool (fiberglass) insulation is classified in ISI code 3279. 

Optical lenses is classified in ISI code 3333. 

Fiber optic cable from purchased fiber optic strands is classified in ISI code 3359. 

Ophthalmic lenses is classified in ISI code 3391.

Earthenware and vitreous china table and kitchen articles

Porcelain electric supplies

Pottery

3261 

(1997 NAICS code 3261)

Businesses engaged in the processing of new or spent (recycled) plastics resins into intermediate or final products,

using such processes as compression molding, extrusion molding, injection molding, blow molding, and casting.

Examples of products of this industry are:

Laminated plastics plates, sheets, and shapes

Plastics bottles

Plastics cups and dinnerware

Plastics pipes and fittings

Plastics plumbing fixtures, such as bathtubs 

and shower stalls

Plastics products

Plastics resilient floor coverings

Polystyrene and urethane foam

Unsupported plastics films, sheets, and bags

Unsupported plastics profile shapes, such as rods 

and tubes

NOTE – Manufacturing: 

Plastics footwear is classified in ISI code 3160.

Coated paper is classified in ISI code 3222.

Plastics hoses is classified in ISI code 3262.

Plastics furniture parts is classified in ISI code 3370.

Assembling plastics components into plumbing fixture fittings such as faucets is classified in ISI code 3329.

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Page 17

3274 

(1997 NAICS code 3274)

Businesses engaged in manufacturing lime from mined, quarried, collected, or purchased calcitic or dolomitic

limestone or other calcareous material and businesses engaged in manufacturing gypsum products from mined,

quarried, or purchased gypsum.

Examples of products of this industry are:

Lime

Plaster

Plasterboard

Wallboard

3279 

(1997 NAICS code 3279)

Examples of products of this industry are:

Abrasives and abrasive products

Cut stone and stone products

Dry mixed concrete

Fiberglass insulation

NOTE – 

3311 

(1997 NAICS code 3311)

Examples of products or processes of this industry are:

Direct reduction of iron ore

Ferroalloys

Ferrous powder

Pig iron conversion into steel

3312 

(1997 NAICS code 3312)

Businesses engaged in manufacturing iron and steel pipe and tube, drawing steel wire, and rolling shapes from

purchased iron or steel.

NOTE – 

3313 

(1997 NAICS code 3313)

Examples of products or processes of this industry are:

Alumina refining, generally from bauxite

Aluminum alloys, powder, paste, or flake

Aluminum primary production from alumina

Aluminum shape production, such as sheet, plate, foil, rod, bar, pipe, tube, and wire

Aluminum smelting (secondary) from scrap or dross

NOTE – 

Lime and gypsum products

Other nonmetallic mineral products

Ground or treated mineral and earth

Mica products

Mineral wool

Papier-mache

Synthetic gemstones

Manufacturing metallic scouring sponges and soap-impregnated scouring pads is classified in ISI code 3329.

Iron and steel mills and ferroalloys

Pig iron manufacturing in molten or solid form

Steel pipes and tubes

Steel shapes, such as plates, sheets, strips, rods, wire, and bars

Steel products from purchased steel

Alumina and aluminum production and processing

Manufacturing wire products from purchased wire is classified in ISI code 3326.

Manufacturing aluminum oxide abrasives and refractories are classified in ISI code 3279.

3273 

(1997 NAICS code 3273)

Businesses engaged in manufacturing hydraulic cement from mined, quarried, manufactured, or purchased lime and

businesses engaged in manufacturing concrete from mined, quarried, or purchased sand and gravel.

Examples of products of this industry are:

Concrete brick and block

Concrete pipe

Portland cement

Ready-mix concrete 

NOTE –

Cement and concrete products

Manufacturing: 

Lime is classified in ISI code 3274. 

Dry mixed concrete is classified in ISI code 3279.

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Page 18

3315 

(1997 NAICS code 3315)

Businesses engaged in pouring molten metal into molds or dies to form castings. Foundries may clean and deburr

the castings they manufacture. More involved processes, such as tapping, threading, milling, or machining to tight

tolerances that transform castings into more finished products are classified in other manufacturing industries.

Examples of businesses in this industry are:

Ferrous metal foundries that manufacture castings such as cast iron pipe, skillets, and manhole covers

Nonferrous metal foundries, such as aluminum foundries

Steel foundries

NOTE – 

3321 

(1997 NAICS code 3321)

Businesses engaged in manufacturing iron, steel, and nonferrous forgings from purchased metals.

Examples of products of this industry are:

Crowns and closures

Metal custom roll forming products

Metal stamped and spun products (except automotive, cooking and kitchen utensils and coins)

Powder metallurgy products

NOTE – 

3322 

(1997 NAICS code 3322)

Examples of products of this industry are:

Cutlery and flatware of nonprecious and precious

plated metal

Kitchen utensils and pots and pans, stamped or spun

Nonelectric kitchen tools, such as can openers and peelers

Nonpowered hand and edge tools, such as pliers, wrenches, 

and screwdrivers

NOTE – 

3323 

(1997 NAICS code 3323)

Examples of products of this industry are:

Bar joists, concrete reinforcing bars, and 

other fabricated structural metal products

Fabricated metal plate work

Flumes, ducts, and dampers and other sheet 

metal work

NOTE – 

Foundries

Forging and stamping

Manufacturing:

Iron and steel forgings in integrated iron and steel mills is classified in ISI code 3311.

Automotive stampings is classified in ISI code 3363.

Cutlery and hand tools

Architectural and structural metals

Manufacturing: 

Metal covered woodframed windows and doors is classified in ISI code 3210. 

Mobile homes is classified in ISI code 3210.

Businesses both producing castings and further manufacturing them using processes such as machining or

assembling to create a specific manufactured product are classified in the industry of the finished product.

Manufacturing: 

Cast metal cooking utensils is classified in ISI code 3315. 

Power-driven hand tools is classified in ISI code 3339. 

Precious metal (except precious plated) and pewter cutlery and flatware is classified in ISI code 3399.

Safety razors and razor blades

Saw blades and handsaws

Scissors and shears

Yard tools, such as rakes, shovels, and 

wheelbarrows

Metal railings, fences, and moldings and other 

ornamental and architectural metal products

Metal windows and doors

Prefabricated metal buildings, panels, and 

sections

3314 

(1997 NAICS code 3314)

Businesses engaged in smelting ores, such as copper, lead, and zinc, into nonferrous metals; primary refining of

nonferrous metals using electrolytic or other processes; and/or rolling, drawing, extruding, and alloying of copper and

other nonferrous metals.

NOTE – 

Nonferrous metal (except aluminum) production and processing

Mining and producing copper and other nonferrous concentrates, including gold and silver bullion, by

processes such as solvent extraction or electrowinning are classified in ISI codes 2125-7. 

Primary production and secondary smelting of aluminum are classified in ISI code 3313. 

Die-casting purchased copper is classified in ISI code 3315. 

Manufacturing wire products from purchased copper wire is classified in ISI code 3326. 

Insulating purchased copper and nonferrous wire is classified in ISI code 3359.

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Hardware

(1997 NAICS code 3325)

Examples of products of this industry are:

Locks (except coin-operated) and keys 

Metal handles and knobs

Metal hinges and latches

NOTE – 

3326 

(1997 NAICS code 3326)

Businesses engaged in manufacturing heavy gauge springs by processes including cutting, bending, and heat

winding metal rods or strip stock, or in manufacturing light gauge springs and fabricated wire products.

Examples of products of this industry are:

Barbed wire

Chain link fencing

Heavy and light gauge springs

Nails

Paper clips and staples

NOTE – 

3327 

(1997 NAICS code 3327)

Businesses engaged in:

Custom machining parts for machines and equipment using machine tools such as lathes, automatic 

screw machines, and machines for boring, grinding, and milling

3328 

(1997 NAICS code 3328)

Businesses engaged in:

Electroplating, plating, anodizing, coloring and finishing metals and metal formed products

Enameling, lacquering, and varnishing metals and metal formed products

3329 

(1997 NAICS code 3329)

Examples of products of this industry are:

Ball and roller bearings

Enameled iron and metal sanitary ware, sinks, 

bathtubs and toilets

Fabricated pipes and fittings

Fluid power valves and hose fittings

Industrial patterns, such as foundry cores

Industrial valves

NOTE – 

Manufacturing:

Nails and spikes from wire drawn elsewhere is classified in ISI code 3326. 

Bolts, nuts, screws, rivets, and washers is classified in ISI code 3327.

Coin-operated locking mechanisms is classified in ISI code 3333.

Spring and wire products

Manufacturing watch and clock springs from purchased wire is classified in ISI code 3345.

Machine shops, turned products, and screws, nuts, and bolts

Coating, engraving, heat treating, and allied activities

3325 

Wire carts

Wire garment hangers

Wire rope, cable, and strands

Wire screening

Machining precision turned products

Manufacturing metal bolts, nuts, screws, rivets, and washers

Other fabricated metal products

Manufacturing: 

Plastics plumbing fixtures, such as plastics tubs and shower stalls, is classified in ISI code 3261.

Cast iron pipes and fittings is classified in ISI code 3315.

Safe and vault locks is classified in ISI code 3325.

Hydraulic intake and exhaust valves for internal combustion engines is classified in ISI code 3363.

Metal ladders

Ordnance and accessories, including artillery 

and ammunition

Plumbing fixture fittings and trim, metal and plastics, 

such as faucets, shower heads, and flush valves

Safes and vaults

Small arms

Steel wool

Heat treating metals and metal formed products

Hot dip galvanizing metals and metal formed products

Powder coating metals and metal formed products

Engraving, chasing, or etching metals and metal formed products (except printing plates)

3324 

(1997 NAICS code 3324)

Examples of products of this industry are:

Bulk storage tanks

Metal cans, barrels, drums, kegs, and pails

Power boilers and heat exchangers

NOTE – 

Boilers, tanks, and shipping containers

Manufacturing heating boilers and hot water heating boilers is classified in ISI code 3334.

Septic tanks

Steam condensers

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3331 

(1997 NAICS code 3331)

Businesses engaged in manufacturing farm machinery and equipment, construction equipment, surface mining

equipment, and logging and forestry equipment.

Examples of products of this industry are:

Bulldozers

Coal breakers

Concrete mixers

Core and rock drills

Dairy farm machinery and 

livestock equipment

Farm tractors

NOTE – 

3332 

(1997 NAICS code 3332)

Examples of products of this industry are:

Bookbinding, typesetting, and other printing machinery

Chemical machinery and equipment and petroleum manufacturing equipment

Food and beverage manufacturing machinery, such as:

Bakery ovens

Dough mixers

Ice cream freezers

Meat and poultry preparation equipment

Band saws 

Circular saws 

Sanding machinery 

NOTE – 

Agriculture, construction, and mining machinery

Industrial machinery

Manufacturing: 

Planes, axes, drawknives, and handsaws is classified in ISI code 3322. 

Power driven hand tools is classified in ISI code 3339.

Lawnmowers and other powered home lawn and 

garden equipment

Mine cars

Oil and gas field equipment

Pavers

Planting, seeding, fertilizing, and harvesting 

machinery

Manufacturing:

Farm hand tools and nonpowered lawnmowers and other garden equipment is classified in ISI code 3322.

Coal and ore conveyors and farm conveyors and elevators is classified in ISI code 3339.

Offshore oil and gas well drilling and floating production platforms is classified in ISI code 3366.

Plastics compression, extrusion, injection molding, and other plastics and rubber industry machinery 

Pulp, paper, and paper product machinery 

Sawmill and woodworking machinery (except hand held), such as:

Semiconductor machinery, such as wafer processing equipment 

Sewing machines (including household) 

Textile machinery

3333 

(1997 NAICS code 3333)

Examples of products of this industry are:

Automatic vending machinery 

Automotive maintenance equipment, except mechanic’s hand tools 

Commercial cooking equipment 

Commercial laundry, dry-cleaning, and pressing machines 

Office machinery (except computers and photocopying equipment), such as 

calculators and dedicated word processing equipment 

Optical instrument and lens manufacturing, such as:

Binoculars 

Lenses (except ophthalmic focus) 

Microscopes 

Cameras (except television and video cameras) 

Film development equipment

Projectors

NOTE – 

Commercial and service industry machinery

Photographic and photocopying equipment, such as:

Sensitized film, paper, cloth, and plates is classified in ISI code 3259. 

Mechanic’s hand tools is classified in ISI code 3322.

Computers and peripheral equipment is classified in ISI code 3341. 

Video cameras, broadcast and studio, is classified in ISI code 3342.

Facsimile equipment is classified in ISI code 3342. 

Video cameras (except broadcast and studio) is classified in ISI code 3343. 

Time clocks is classified in ISI code 3345. 

Ophthalmic focus lenses, such as eyeglass lenses and contact lenses, is classified in ISI code 3391.

Manufacturing: 

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3334 

(1997 NAICS code 3334)

NOTE – 

3335 

(1997 NAICS code 3335)

Businesses engaged in manufacturing machinery that cuts, molds, and shapes metal.

Examples of products of this industry are:

Cutting tools and machine tools accessories, such as twist drills and counter sinks 

Industrial molds, such as die-casting and foundry-casting molds 

Machine tools, such as:

Die-casting machines 

Forging machines 

Lathes 

Milling machines 

NOTE – 

3336 

(1997 NAICS code 3336)

Examples of products of this industry are:

Electric outboard motors 

Gasoline and diesel engines, except motor vehicle and aircraft 

Industrial high-speed drives and gears 

Mechanical power transmission equipment, except motor vehicle and aircraft, such as:

Brakes 

Clutches 

Joints 

NOTE – 

Ventilation, heating, air-conditioning, and commercial refrigeration equipment

Manufacturing:

Industrial process furnaces and ovens is classified in ISI code 3339.

Household fans (except attic), portable electric airspace heaters, humidifiers and dehumidifiers, and

refrigerators and freezers is classified in ISI code 3352.

Motor vehicle air conditioners and compressors is classified in ISI code 3363.

Metalworking machinery

Engines, turbines, and power transmission equipment

Manufacturing: 

Cutting dies (except metal cutting) is classified in ISI code 3322. 

Welding and soldering equipment is classified in ISI code 3339.

Manufacturing: 

Motor vehicle engines and power transmission equipment is classified in ISI code 3363. 

Gasoline aircraft engines, transmission equipment, and turbines is classified in ISI code 3364.

Examples of products of this industry are:

Air-conditioning (except motor vehicle) equipment, such as central and room air conditioners 

Air purification equipment, such as industrial dust and fume collection equipment and warm air furnace filters

Furnaces 

Heating boilers and stoves 

Wall and baseboard heating units 

Attic fans 

Commercial refrigeration equipment, such as water coolers, soda fountains, and beer dispensing equipment 

Heating equipment, such as:

Industrial and commercial fans and blowers, such as exhaust and ventilating fans 

Industrial refrigeration equipment

Metal molds for plaster, plastics, rubber, and glass working machinery 

Rolling mill machinery and equipment 

Special die and tools, die sets, and jigs and fixtures 

Wire drawing and fabricating machines

Plain bearings and bushings 

Speed changers 

Turbine and turbine generator set units, such as steam, hydraulic, gas, and wind

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3339 

(1997 NAICS code 3339)

Examples of products of this industry are:

Air and gas compressors 

Fluid power cylinders, actuators, pumps, and motors 

Industrial process furnaces and ovens

Material handling equipment, such as:

Automobile lifts 

Conveyors 

Elevators and escalators 

Industrial trucks and tractors 

Overhead traveling cranes 

NOTE – 

Other general purpose machinery

Nonagricultural spraying and dusting equipment 

Packaging machinery 

Power-driven hand tools 

Pumps and pumping equipment 

Scales and balances (except laboratory) 

Welding and soldering equipment

Manufacturing: 

Hand held soldering tools is classified in ISI code 3322. 

Farm type tractors, agricultural spraying and dusting equipment, and construction cranes is classified in 

ISI code 3331.

Bakery ovens and industrial kilns is classified in ISI code 3332. 

Industrial refrigeration and air-conditioning compressors is classified in ISI code 3334. 

Transformers for arc-welding is classified in ISI code 3353. 

Pumps and compressors for motor vehicles is classified in ISI code 3363. 

Laboratory scales, furnaces, and ovens is classified in ISI code 3391.

3341 

(1997 NAICS code 3341)

Businesses engaged in the design and use of integrated circuits and the application of highly specialized

miniaturization technologies in the manufacture of computers and electronic products.

Machinery that incorporates electronic computers for operation or control purposes and embedded control

applications are classified in other manufacturing industries based on the classifications of the complete machinery.

Also, the manufacture of other parts such as casings, stampings, cable sets, switches, etc. for computers are classified

in other manufacturing industries based on their associated production processes.

Examples of products of this industry are:

Automatic teller machines

Computer storage devices, such as:

CD-ROM drives

Floppy disk drives

Hard disk drives

Tape storage and backup drives

Laptops

Mainframes

Personal computers

Servers

Workstations

Keyboards

Mice, trackballs, and joystick devices

Monitors

Optical and bar code scanners

Plotters

Printers

NOTE – 

Computer and peripheral equipment

Computer terminals

Electronic computers, such as:

Peripheral equipment such as:

Manufacturing:

Digital telecommunication switches, and local area network and wide area network communication 

equipment, such as bridgers, routers, and gateways, is classified in ISI code 3342.

Internal loaded printed circuit board devices such as sound, video, and network interface cards; modems; 

and solid state storage devices for computers is classified in ISI code 3344.

Magnetic and optical recording media is classified in ISI code 3346.

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3343 

(1997 NAICS code 3343)

Businesses engaged in manufacturing electronic audio and video equipment for home entertainment, motor vehicles,

public address systems, and musical instrument amplification.

Examples of products of this industry are:

Amplifiers and preamplifiers

Audio receivers

Compact disc players

Magnetic and digital audio tape recorders and players

Phonographs and microphones

Radio sets

NOTE – 

3344 

(1997 NAICS code 3344)

Examples of products of this industry are:

Bare and loaded printed circuit boards

Electron tubes and parts

Electronic capacitors, condensers, and resistors

Electronic coils, transformers, and other inductors

Electronic switches and transducers

Modems

Semiconductors and related devices, such as:

Diodes

Integrated circuits

Memory chips

Optoelectronic devices

Transistors

NOTE – 

3342 

(1997 NAICS code 3342)

Businesses engaged in manufacturing wire telephone and data communications equipment that may be stand alone

or board level components of a larger system and/or engaged in manufacturing radio and television broadcast and

wireless communication equipment.

Examples of products of this industry are:

Answering machines

Communications antennas

Facsimile machines

Fire and security alarm equipment

Global positioning system equipment

Intercoms

Local area network and wide area 

network communications equipment

NOTE – 

Communications equipment

Pagers

Radios, fixed and mobile

Space satellites

Studio and broadcast video cameras

Switching equipment

Telephones, wired, cordless, and cellular

Television broadcast equipment

Manufacturing:

Household audio and video equipment is classified in ISI code 3343.

Internal and external computer modems, fax/modems and telephone transformers is classified in ISI 

code 3344.

Audio and video equipment

Speakers and speaker systems

Televisions

Video cameras (except broadcast and studio)

Video cassette recorders and players

Video disc players

Manufacturing:

Mobile radios, such as citizens band and FM transceivers for motor vehicle use, cable decoders, satellite

television equipment, and studio and broadcast video cameras is classified in ISI code 3342.

Phonograph needles and cartridges is classified in ISI code 3344.

Semiconductors and other electronic components

Manufacturing:

Glass blanks for electron tubes is classified in ISI code 3272.

Communications antennas and telephone system modules is classified in ISI code 3342.

X-ray tubes is classified in ISI code 3345.

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Page 24

3345 

(1997 NAICS code 3345)

Examples of products of this industry are:

Aircraft engine instruments

Automatic environmental controls for residential, commercial, and appliance use, such as:

Gas burner controls

Humidstats

Refrigeration controls

Thermostats

Electrocardiographs

Hearing aids

Magnetic resonance imaging equipment

Medical ultrasound equipment

Pacemakers

such as: temperature, humidity, pressure, flow, level, and viscosity

Ammeters

Circuit testers

Voltmeters

Wattmeters

Computerized axial tomography (CT/CAT scanners) apparatus

Gamma-ray equipment

X-ray systems

samples, such as:

Hematology instruments

Aircraft and missile control systems

Fare collection equipment

Parking meters

Water and gas meters

NOTE – 

3346 

(1997 NAICS code 3346)

Examples of products or processes of this industry are:

NOTE – 

facilities that publish and reproduce software, are classified in ISI code 5112.

Audio and video producing and publishing; integrated facilities that publish and reproduce audio, video,

and film materials; and related services are classified in ISI codes 5121 or 5122, depending on the

product.

Manufacturing:

Optical alignment and test and inspection equipment is classified in ISI code 3333.

Global positioning system equipment is classified in ISI code 3342.

Motor control switches and relays is classified in ISI code 3353.

Appliance switches is classified in ISI code 3359.

Nonelectrical medical and therapeutic apparatus is classified in ISI code 3391.

Manufacturing and reproducing magnetic and optical media

Navigational, measuring, electromedical, and control instruments

Blank audio and video tapes

Blank diskettes

Blank optical disks

Hard drive media

Laser disks

Mass duplication of (copying of) audio, video, 

software, and other data on magnetic, optical, 

similar media

Mass reproduction of computer software (generally 

excluding software development) onto diskettes, 

CD- ROMs, and game cartridges

Prerecorded compact disks (except software)

Tape and record reproducing

Theatrical duplication of motion pictures

Designing, developing, or publishing prepackaged software or documentation; and integrated

Electromedical and electrotherapeutic apparatus, such as:

Instruments and related products for measuring, displaying, and controlling industrial process variables,

Instruments for measuring and testing of electricity and electrical signals, such as:

Irradiation apparatus, such as:

Laboratory instruments for chemical and physical analysis of solid, fluid, gaseous, or composite material

Ph meters

Spectrophotometric instruments

Meteorological equipment

Radiation detecting equipment

Search, detection, navigation, guidance, aeronautical, and nautical systems and instruments, such as:

Gyroscopes

Radar

Sonar

Surveying and drafting equipment

Totalizing fluid meters and counting devices, such as:

Watches, clocks, and parts

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3351 

(1997 NAICS code 3351)

Examples of products of this industry are:

Commercial, industrial, institutional, and 

residential lighting fixtures

Electric lamp bulbs and parts

Flashlights and other portable lamps

NOTE – 

3352 

(1997 NAICS code 3352)

Examples of products of this industry are:

Barbecue grills

Dishwashers and disposals

Electric blankets and spaceheaters

Refrigerators, freezers, stoves, ovens, and 

other major household appliances

NOTE – 

3353 

(1997 NAICS code 3353)

Examples of products of this industry are:

Motors and generators such as:

Fractional and integral horsepower electric motors

Land transportation motors and generators

Prime mover generator sets

Florescent lamp ballasts

Lighting transformers

Welding transformers

Digital positioning equipment

Electronic relays

Solenoids

Circuit breakers

Control panels

Fuses

NOTE – 

Electric lighting equipment

Manufacturing:

Glass parts for lighting fixtures is classified in ISI code 3272.

Light emitting diodes is classified in ISI code 3344.

Motor vehicle lighting fixtures is classified in ISI code 3363.

Manufacturing:

Turbine generator set units and electric outboard motors is classified in ISI code 3336.

Electronic transformers and switches is classified in ISI code 3344.

Environmental controls and industrial process control instruments is classified in ISI code 3345.

Switches for electrical circuits is classified in ISI code 3359.

Starting motors and generators for internal combustion engines is classified in ISI code 3363.

Household appliances

Manufacturing: 

Household sewing machines is classified in ISI code 3332.

Commercial and industrial cooking and cleaning equipment is classified in ISI code 3333.

Commercial and industrial refrigerators, room air conditioners, attic fans, and commercial ventilation and 

exhaust fans is classified in ISI code 3334.

Electrical equipment

Power, distribution, and specialty transformers, such as:

Relays and industrial controls, such as:

Switchgear and switchboard apparatus, such as:

Lampshades

Motor vehicle light bulbs

Nonelectric lighting fixtures, such as gas lanterns

Toasters, household vacuum cleaners, ceiling fans and other 

small electrical appliances and housewares

Washers and dryers, household and coin operated

3359 

(1997 NAICS code 3359)

Examples of products of this industry are:

Batteries 

Carbon and graphite electrodes and brushes 

Conduits, junction boxes, and other non 

current-carrying wiring devices 

Electric bells and gongs 

Electrical cord sets 

Electric garage door and other electric openers 

Electrical outlets, switches, and other currentcarrying wiring devices 

NOTE – 

Other electrical equipment and components

Fiber optic cable from purchased fiber optic strand and 

nonferrous wire and cable from purchased nonferrous 

wire and other communication and energy wire and 

cable 

Industrial capacitors and condensers 

Lasers and laser parts for incorporation into other 

equipment 

Primary batteries 

Uninterruptable power supplies

Manufacturing: 

Porcelain and ceramic insulators is classified in ISI code 3271. 

Fiber optic materials and glass insulators is classified in ISI code 3272.

Drawn nonferrous wire is classified in ISI code 3313 or 3314 (depending on the material drawn). 

Cable sets consisting of insulated wire and connectors for electronic applications is classified in ISI code 3344.

Electronic capacitors, condensers, laser diodes, and semiconductor rectifiers is classified in ISI code 3344.

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3361 

(1997 NAICS code 3361)

Businesses engaged in manufacturing complete motor vehicles (body, chassis or unibody), or chassis only.

Examples of products of this industry are:

Automobiles and minivans

Buses

Heavy duty trucks

NOTE – 

3362 

(1997 NAICS code 3362)

Businesses engaged in manufacturing motor vehicle bodies, cabs, trucks, automobile and utility trailers, truck trailer

chassis, detachable trailer bodies, and detachable trailer chassis. The products may be sold separately or may be

assembled on purchased chassis and sold as complete vehicles.

Examples of products of this industry are:

Automobile bodies

Covers for mounting on pickup trucks

Motor homes on a purchased chassis

NOTE – 

3363 

(1997 NAICS code 3363)

Examples of products of this industry are:

Air bags

Brake systems and related components

Electrical and electronic equipment for motor 

vehicles, such as:

Alternators

Cruise control mechanisms

Electronic control modules

Ignition apparatus and parts

Starters

Carburetors

Crankshafts

Pistons

Ball joints

Shock absorbers

Tie rods

Clutches

Torque converters

Universal joints

NOTE – 

3364 

(1997 NAICS code 3364)

Businesses engaged in (1) manufacturing complete aircraft, missiles, and space vehicles; and engines, propulsion

units, auxiliary equipment and parts; (2) research and development units of aerospace manufacturers primarily

engaged in the production of prototypes; and (3) factory conversion and overhaul of aircraft and propulsion systems.

Examples of products of this industry are:

Aircraft

Aircraft engines, parts, and components

Guided missiles

NOTE – 

The repair of aircraft or aircraft engines is classified in ISI code 4880.

Valves

Motor vehicles

Manufacturing off highway construction equipment is classified in ISI code 3331.

Motor vehicle bodies and trailers

Manufacturing:

Mobile homes is classified in ISI code 3210.

Motor homes chassis and assembly of complete motor homes is classified in ISI code 3361.

Motor vehicle parts

Gasoline engines for motor vehicles

Lighting fixtures for vehicles

Metal stampings

Motor vehicle air-conditioning systems

Mufflers

Radiators

Seating and interior trim

Steering and suspension components 

except springs), such as:

Stationary and diesel engines is classified in ISI code 3336.

Car stereos is classified in ISI code 3343.

Automotive lamps and bulbs is classified in ISI code 3351.

Electric motors for motor vehicles is classified in ISI code 3353.

Batteries is classified in ISI code 3359.

Manufacturing:

Aerospace products and parts

Manufacturing: 

Aircraft fluid valve assemblies is classified in ISI code 3329.

Space satellites is classified in ISI code 3342.

Aeronautical, navigational, and guidance systems is classified in ISI code 3345.

Aircraft internal combustion engines and valves, pistons, or filters is classified in ISI code 3363.

Rockets

Spacecraft and their parts, except satellites

Light trucks and utility vehicles

Motor homes (complete)

Travel trailers and campers

Truck bodies

Truck cabs

Water pumps

Filters for internal combustion engines

Fuel injection systems

Gasoline engine parts, whether or not for vehicular 

use, such as:

Transmissions and power train parts, such as:

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3365 

(1997 NAICS code 3365)

Examples of products or activities of this industry are:

Locomotives and their frames and parts, building and rebuilding

Rail layers and ballast distributors

Railroad, street, and rapid transit cars

Railway track maintenance equipment

NOTE – 

3366 

(1997 NAICS code 3366)

Businesses engaged in operating a shipyard or manufacturing boats. Shipyards are fixed facilities with drydocks and

fabrication equipment capable of building a ship. Activities of shipyards include the construction of ships, their repair,

conversion and alteration, the production of prefabricated ship and barge sections and specialized services, such as

ship scaling.

Examples of products of this industry are:

Barges

Canoes

Cruise ships

Freighters

NOTE – 

3369 

(1997 NAICS code 3369)

Examples of products of this industry are:

Bicycles

Golf carts

Military armored vehicles and tanks

Motorcycles

Snowmobiles

3370 

(1997 NAICS code 337)

Businesses engaged producing furniture and related articles such as mattresses, window blinds, cabinets, and

fixtures. Processes used include the cutting, bending, molding, laminating and assembly of such materials as wood,

metal, glass, plastics, and rattan. Furniture may be produced on a stock or custom basis and may be shipped

assembled or unassembled.

Examples of products of this industry are:

Bathroom vanities

Blinds and shades

Custom architectural woodwork and millwork

Display fixtures

Furniture frames and parts

Mattresses

Metal, wood, plastic, rattan and wicker household furniture

Office and institutional furniture and fixtures

Showcases, partitions, shelving, and lockers

Television, radio, and sewing machine cabinets

Upholstered and nonupholstered wood household furniture

Wall shelving units

Wood kitchen cabinets

NOTE – 

Railroad rolling stock

Repair businesses owned by railroad and local transit companies are classified in ISI code 4880. 

Repair businesses not owned by railroad and local transit companies are classified in ISI code 8110.

Ship and boat building

Offshore oil and gas well drilling and floating production platforms (whether or not self-propelled)

Recreational power boats

Sailboats

Submarines

Manufacturing: 

Inflatable plastic boats is classified in ISI code 3261.

Rubber boats is classified in ISI code 3262.

Other transportation equipment

Furniture and related products

Manufacturing: 

Seating for transportation equipment is classified in ISI code 3363.

Laboratory and hospital furniture is classified in ISI code 3391.

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3391 

(1997 NAICS code 3391)

Examples of products of this industry are:

Dental equipment and supplies, such as:

Artificial teeth

Dental chairs

Dental hand instruments

Balances and scales

Centrifuges

Laboratory cabinets

Contact lenses

Eyeglasses

Goggles

Sunglasses

Catheters

Hospital beds

Syringes

NOTE – 

Retailing and grinding of prescription eyeglasses and contact lenses is classified in ISI code 4461.

Medical equipment and supplies

Laboratory apparatus and furniture, such as:

Ophthalmic goods, such as:

Surgical and medical instruments, appliances, and 

supplies, such as:

Manufacturing: 

Molded plastic lens blanks is classified in ISI code 3261.

Molded glass lens blanks is classified in ISI code 3272.

Laboratory instruments, x-ray apparatus, and electromedical apparatus is classified in ISI code 3345.

3399 

(1997 NAICS code 3399)

Includes the following:

1.

Businesses engaged in one or more of the following: (1) manufacturing, engraving, chasing or etching jewelry,

novelties or precious metal flatware, and other plated ware; (2) stamping coins; (3) manufacturing unassembled

jewelry parts and stock shop products such as sheet, wire, and tubing; (4) cutting, slabbing, tumbling, carving,

engraving, polishing or faceting precious or semiprecious stones and gems; (5) recutting, repolishing and setting

gem stones; and (6) drilling, sawing, and peeling cultured and costume pearls.

Examples of jewelry and silverware products are:

Bracelets 

Brooches and pins

Lapidary work

NOTE – 

2. 

Examples of sporting and athletic goods products are:

Baseball, football, and basketball equipment

Billiard and pool tables

Fishing tackle and equipment

NOTE – 

3. 

Examples of doll, toy, and game products are:

Children’s vehicles, such as scooters, wagons, and sleds

Craft and hobby kits

Dolls, doll parts, doll clothes, and action figures

Games (including electronic)

NOTE – 

Other miscellaneous manufacturing

Manufacturing jewelry and silverware

Manufacturing:

Synthetic stones or gemstones is classified in ISI code 3279.

Nonprecious and precious plated metal cutlery and flatware is classified in ISI code 3322.

Manufacturing sporting and athletic goods

Manufacturing:

Athletic apparel is classified in ISI code 3150.

Athletic footwear is classified in ISI code 3160.

Small arms and small arms ammunition is classified in ISI code 3329.

Necklaces

Precious metal (except precious plated) cutlery

Rings, precious and costume

Manufacturing dolls, toys, and games

Manufacturing:

Electronic video game cartridges and mass reproduction of these cartridges is classified in ISI code 3346.

Bicycles and metal tricycles is classified in ISI code 3369.

Gymnasium and playground equipment

Roller skates and ice skates

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3399 

(1997 NAICS code 3399)

4. 

Examples of office supply products are:

Artists’ air brushes, palettes, colors, and waxes

Crayons and chalks

Pens, pencils, and refill cartridges

NOTE – 

Other miscellaneous manufacturing – Continued

Manufacturing office supplies (except paper)

Manufacturing:

Paper office supplies is classified in ISI code 3222. 

Manifold business forms and loose-leaf binders is classified in ISI code 3231. 

Writing, drawing, and india inks is classified in ISI code 3259. 

Rubber erasers is classified in ISI code 3262. 

Drafting tables and boards is classified in ISI code 3370.

Stamps, hand and embossing

Staplers and pencil sharpeners

5. 

Businesses engaged in manufacturing signs and related displays of all materials (except paper and paperboard).

6. 

Examples of other miscellaneous manufactured products are:

Brooms, brushes, and mops

Burial caskets

Candles

Chemical fire extinguishers

Cigar and cigarette lighters (except 

precious metal)

WHOLESALE TRADE

The wholesale trade sector (ISI codes 4211–4229) comprises businesses engaged in wholesaling merchandise,

generally without transformation, and rendering services incidental to the sale of merchandise.

The wholesaling process is an intermediate step in the distribution of merchandise. Wholesalers are organized to

sell or arrange the purchase or sale of (a) goods for resale (goods sold to other wholesalers or retailers), (b) capital

or durable nonconsumer goods, and (c) raw and intermediate materials and supplies used in production.

Wholesalers sell merchandise to other businesses and normally operate from a warehouse or office. These

warehouses and offices are characterized by having little or no display of merchandise. In addition, neither the

design nor the location of the premises is intended to solicit walk-in traffic. Wholesalers do not normally use

advertising directed to the general public. Customers are generally reached initially via telephone, in-person

marketing, or by specialized advertising that may include Internet and other electronic means.

Although in general, wholesaling normally denotes sales in large volumes, durable nonconsumer goods may be

sold in single units. Sales of capital or durable nonconsumer goods used in the production of goods and services,

such as farm machinery, medium and heavy duty trucks, and industrial machinery are included in wholesale

trade.

DURABLE GOODS

4211 

(1997 NAICS code 4211)

Wholesale distribution of products such as:

Automobiles

Motor homes

Motor vehicle supplies, parts, 

and accessories

Manufacturing signs

Other miscellaneous manufacturing

Coin-operated amusement machines

Fasteners, buttons, needles, and pins

Gaskets, packing, and sealing devices

Musical instruments

Tobacco pipes

Umbrellas

Wigs

Motor vehicles and motor vehicle parts and supplies

Motorcycles

Tires and tubes

Trailers

Trucks

NOTE – Manufacturing paperboard displays is classified in ISI code 3222.

Printing signs is classified in ISI code 3231. 

Sign lettering and painting is classified in ISI code 5418.

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DURABLE GOODS – Continued

4212 

(1997 NAICS code 4212)

Wholesale distribution of products such as:

Carpets and other floor surfaces

China, glassware, and earthenware

Household-type furniture

Household-type kitchen utensils and pans

NOTE – 

4213 

(1997 NAICS code 4213)

Wholesale distribution of products such as:

Asphalt and concrete mixtures

Brick and stone

Doors and windows and frames (all materials)

Fencing

Glass

NOTE – 

4214 

(1997 NAICS code 4214)

Wholesale distribution of products such as:

Balances and scales

Commercial cooking and food service equipment

Computers, peripheral equipment, and software

Electrical signs

Mailing machines and equipment

Medical, dental, and hospital equipment and 

supplies

NOTE – 

4215 

(1997 NAICS code 4215)

Wholesale distribution of minerals such as: 

Wholesale distribution of primary metal products such as:

Bars

Castings

Ingots

Nails, spikes, and rods

NOTE – 

In addition to wholesaling the products listed below, this industry includes metal service centers. These centers

maintain inventory and may perform value added functions such as sawing, shearing, bending, leveling, cleaning or

edging on a custom basis as part of sales transactions.

Furniture and home furnishings

Wholesaling:

Hospital beds and medical furniture is classified in ISI code 4214.

Precious metal flatware is classified in ISI code 4219.

Lumber and other construction materials

Wholesaling: 

Refractory brick is classified in ISI code 4218.

Timber and timber products is classified in ISI code 4219.

Professional and commercial equipment and supplies

Wholesaling modems and other electronic communications equipment is classified in ISI code 4216. 

Selling, planning, and designing computer systems that integrate computer hardware, software, and 

communication technologies are classified in ISI code 5415.

Metals and minerals (except petroleum)

Linens and towels

Office furniture

Public building furniture

Lumber

Mobile homes and prefabricated buildings

Plywood

Reconstituted wood fiber products

Roofing, siding, and insulation materials

Wood and metal millwork

Ophthalmic goods

Photocopy machines, microfilm machines, and other 

office equipment

Photographic cameras, film, accessories, and equipment

Shelving and store fixtures

Video cameras (except household-type)

Coal and coke

Metal ores

Nonmetallic minerals (except those used in construction, such as sand and gravel)

Non-insulated wire

Non-threaded pipe

Plates

Sheets

Wholesaling:

Nonmetallic minerals used in construction is classified in ISI code 4213.

Gold, silver, and platinum is classified in ISI code 4219.

Crude petroleum is classified in ISI code 4227.

WHOLESALE TRADE – Continued

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DURABLE GOODS – Continued

4216 

(1997 NAICS code 4216)

Wholesale distribution of products such as:

Electrical apparatus and equipment

Electrical appliances

Electrical light fixtures

Household-type audio and video equipment

NOTE – 

4217 

(1997 NAICS code 4217)

Wholesale distribution of products such as:

Automotive air-conditioning equipment

Central air conditioning and heating equipment

Bolts, nuts, rivets, and screws

Handtools

NOTE – 

Electrical goods

Household-type refrigerators and freezers

Telecommunications equipment

Unloaded computer boards

Wiring supplies and electrical construction materials

Wholesaling computers, computer peripheral equipment, and loaded computer boards is classified in ISI

code 4214.

Hardware, and plumbing and heating equipment and supplies

Wholesaling household room air-conditioners, refrigerators, and freezers, is classified in ISI code 4216.

Hardware

Knives

Plumbing and heating equipment and supplies

Refrigeration equipment (except household-type)

4218 

(1997 NAICS code 4218)

Wholesale distribution of products such as:

Construction, mining, and logging machinery 

and equipment

Farm and garden machinery and equipment

Industrial machinery and equipment

Industrial supplies

Service industry equipment and supplies

Aircraft

Motorized passenger golf carts

Railroad cars

Ships

NOTE – 

4219 

(1997 NAICS code 4219)

Wholesale distribution of products such as:

Ammunition

Flatware, including precious metal

Jewelry, watches, and precious stones and metals

Marine pleasure craft, equipment, and supplies

Musical instruments

NOTE – 

Sorting recyclable materials is classified in ISI code 5620.

NONDURABLE GOODS

4221 

(1997 NAICS code 4221)

Wholesale distribution of products such as:

Greeting cards

Industrial and personal service paper, such as:

Bags and boxes

Eating utensils

Sanitary paper

Machinery, equipment, and supplies

Wholesaling: 

Motor vehicles and motor vehicle parts is classified in ISI code 4211.

Janitorial chemicals is classified in ISI code 4226.

Miscellaneous durable goods

Wholesaling: 

Motorized passenger golf carts is classified in ISI code 4218.

Athletic apparel, except cleated, spiked, bowling, or other specialty sport footwear, is classified 

in ISI code 4223.

Paper and paper products

WHOLESALE TRADE – Continued

Prerecorded music

Recyclable materials

Sporting and recreational goods and supplies, 

including specialty sport footwear

Timber and timber products, except lumber

Toy and hobby goods and supplies

Pens and pencils

Transportation equipment and supplies (except motor 

vehicles and marine pleasure craft), such as:

Printing and writing paper

Stationery and office supplies

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NONDURABLE GOODS – Continued

4222 

(1997 NAICS code 4222)

Wholesale distribution of products such as:

Biological and medical products

Botanical herbs and drugs

Pharmaceuticals

Vitamins

4223 

(1997 NAICS code 4223)

Wholesale distribution of products such as:

Footwear of leather, rubber, and other materials

Men’s and boys’ clothing and furnishings

Piece goods and notions

Women’s, children’s, and infants’ clothing and accessories

NOTE – 

4224 

(1997 NAICS code 4224)

Wholesale distribution of products such as:

Canned foods

Confectioneries and snack foods

Dairy products

Fish and seafood (except canned or packaged frozen)

Fresh fruit and vegetables

Frozen foods (packaged)

NOTE – 

4225 

(1997 NAICS code 4225)

Wholesale distribution of products such as:

Grains and field beans

Hides and pelts

Leaf tobacco

In addition to wholesaling the products listed below, also includes businesses engaged in operating country or

terminal grain elevators primarily for the purpose of wholesaling.

NOTE – 

4226 

(1997 NAICS code 4226)

Wholesale distribution of products such as:

Acids

Dyestuffs

Explosives

NOTE – 

Drugs and druggists’ sundries

WHOLESALE TRADE – Continued

Apparel, piece goods, and notions

Converters who buy fabric goods in the grey, have them finished on contract, and sell at wholesale are 

classified in ISI code 3130.

Grocery and related products

General line groceries

Meat and meat products

Pet food

Poultry and poultry products

Soft drinks

Pasteurizing and bottling milk are classified in ISI code 3115.

Slaughtering and dressing of poultry are classified in ISI code 3116.

Canning or freezing seafoods are classified in ISI code 3117.

Roasting coffee is classified in ISI code 3119.

Bottling soft drinks is classified in ISI code 3121.

Wholesaling of grains, field beans, and livestock is classified in ISI code 4225.

Wholesaling of beer, wine, and distilled alcoholic beverages is classified in ISI code 4228.

Farm product raw materials

Chemical and allied products

Wholesaling:

Ammunition and fireworks is classified in ISI code 4219.

Biological, medical, and pharmaceutical products is classified in ISI code 4222.

Agricultural chemicals and fertilizers is classified in ISI code 4229. 

Paints and varnishes is classified in ISI code 4229.

Wholesaling of field and garden seeds is classified in ISI code 4229.

Livestock

Raw cotton

Industrial chemicals and salts

Plastics materials and resins

Plastics films, sheets, rods, and tubes

Wholesaling cleated, spiked, bowling, or other specialty sport footwear is classified in ISI code 4219.

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NONDURABLE GOODS – Continued

4227 

(1997 NAICS code 4227)

Wholesale distribution of products such as:

Crude petroleum and petroleum products 

Liquid petroleum gas

4228 

(1997 NAICS code 4228)

Wholesale distribution of products such as:

Ale 

Beer 

Distilled alcoholic beverages 

Fermented malt beverages 

4229 

(1997 NAICS code 4229)

Wholesale distribution of products such as:

Agricultural chemicals, pesticides, and fertilizers 

Books, periodicals, and newspapers 

Farm supplies 

Flowers and nursery stock 

NOTE – 

RETAIL TRADE

The retail trade sector (ISI codes 4410–4540) comprises businesses selling merchandise, generally without

transformation, and rendering services incidental to the sale of merchandise. Retailers sell merchandise to the

general public. Store retailers operate permanent point-of-sale locations. Non-store retailers reach customers

through methods such as the broadcasting and publishing of direct response advertising, the publishing of

traditional and electronic catalogues, and distribution through vending machines. Businesses may be engaged in

providing after-sales services such as repair and installation. Businesses that both manufacture and sell their

products to the general public, such as retail bakeries, are not classified in retail trade, but rather in

manufacturing.

4410 

(1997 NAICS code 441)

Examples of businesses in this industry are:

Automobile dealers 

Automotive parts and accessories dealers 

Boat dealers 

Light truck dealers 

NOTE – 

4420 

(1997 NAICS code 442)

Examples of businesses in this industry are:

Floor coverings stores 

Household furniture stores 

Kitchenware stores 

NOTE – 

WHOLESALE TRADE – Continued

Petroleum and petroleum products

Beer, wine, and distilled alcoholic beverages

Miscellaneous nondurable goods

Neutral spirits and ethyl alcohol used in blended wined and 

distilled liquors 

Wine

Wholesaling of pet food is classified in ISI code 4224.

Motor vehicle and parts dealers

Selling of medium and heavy duty trucks is classified in ISI code 4211. 

Selling and installing automotive parts other than tires is classified in ISI code 8110.

Recreational vehicle dealers 

Tire dealers 

Utility trailer dealers

Furniture and home furnishings stores

Selling: 

Custom made curtains and drapes made on premises is classified in ISI code 3140. 

Used furniture is classified in ISI code 4530.

Office furniture (except in combination with office 

equipment and supplies) stores 

Outdoor furniture stores 

Window treatment stores

Motorcycle dealers 

Paints, varnishes, and wallpapers 

Pet supplies 

Textile bags 

Tobacco and tobacco products 

Yarns

Businesses that both retail goods and repair and maintain those goods should provide a breakdown of revenues

for both activities. If no breakdown is available, classify the revenues in retail trade according to the type of good

that is retailed.

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RETAIL TRADE – Continued

4431 

(1997 NAICS code 4431)

Examples of businesses in this industry are:

Camera and photographic supplies stores 

Computers, peripherals, and prepackaged software stores 

Household appliance stores

NOTE – 

4440 

(1997 NAICS code 444)

Examples of businesses in this industry are:

Building materials and supplies dealers 

Hardware stores 

Home centers 

Lawn and garden equipment and supplies stores 

Electronics and appliance stores

Retailing: 

Automotive electronic sound systems is classified in ISI code 4410. 

New sewing machines in combination with selling new sewing supplies, fabrics, patterns, yarns and other

needlework accessories is classified in ISI code 4510. 

Computers, peripherals, and prepackaged software in combination with retailing office equipment, furniture 

and supplies is classified in ISI code 4530.

Building material and garden equipment and supplies dealers

Nursery and garden centers 

Outdoor power equipment stores 

Paint and wallpaper stores

4450 

(1997 NAICS code 445)

Examples of businesses in this industry are:

Convenience stores

Grocery stores

Liquor stores

NOTE – 

4461 

(1997 NAICS code 4461)

Examples of businesses in this industry are:

Cosmetics and beauty supplies stores

Health and personal care stores selling 

such items as food supplements, hearing 

aids, and convalescent supplies

NOTE – 

4471 

(1997 NAICS code 4471)

Retailing motor fuels and automotive oils. Includes businesses that sell motor fuels in combination with

convenience store items and/or repair services.

NOTE – 

Food and beverage stores

Health and personal care stores

Grinding, but not retailing, optical lenses is classified in ISI code 3391.

Gasoline stations

Businesses engaged solely in repairing motor vehicles with no sale of gasoline are classified in ISI code 8110.

Meat, fish, fruit and vegetable, and other specialty food markets

Supermarkets

Retailing:

Candy and chocolate made on the premises not for immediate consumption is classified in ISI code 3113.

A general line of baked goods made on the premises not for immediate consumption is classified in ISI 

code 3118.

Convenience stores that sell gasoline are classified in ISI code 4471.

Optical goods stores

Pharmacies and drug stores

4480 

(1997 NAICS code 448)

Examples of businesses in this industry are:

Clothing stores

Jewelry stores

Luggage and leather goods stores

Shoe stores

NOTE – 

Clothing and clothing accessories stores

Cutting and setting gemstones is classified in ISI code 3399.

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RETAIL TRADE – Continued

4510 

(1997 NAICS code 451)

Examples of businesses in this industry are:

Book stores

Hobby, games, and toy stores

Prerecorded music and musical instruments stores

Sporting goods stores

NOTE – 

4520 

(1997 NAICS code 452)

Retailing a large variety of goods with no one merchandise line predominating.

Examples of businesses in this industry are:

Department stores

Warehouse clubs and superstores

4530 

(1997 NAICS code 453)

Examples of businesses in this industry are:

Florists

Manufactured mobile homes retailers

Office equipment and supplies retailers

NOTE – 

Sporting goods, hobby, book, and music stores

General merchandise stores

Miscellaneous store retailers

Retailing general-purpose athletic shoes is classified in ISI code 4480.

Retailing used automobiles is classified in ISI code 4410. 

Pawnshops are classified in ISI code 5224.

4540 

(1997 NAICS code 454)

Examples of businesses in this industry are:

Direct selling businesses, such as heating 

oil dealers

Electronic shopping houses

TRANSPORTATION AND WAREHOUSING

The transportation and warehousing sector (ISI codes 4810–4939) comprises businesses providing transportation

of passengers and cargo, scenic and sightseeing transportation, support activities related to transportation and

warehousing and storage for goods. Businesses in transportation use transportation equipment or transportation

related facilities as a productive asset.

4810 

(1997 NAICS code 481)

Businesses engaged in providing scheduled and nonscheduled air transportation of passengers and/or cargo using

aircraft such as airplanes and helicopters.

NOTE – 

4821 

(1997 NAICS code 4821)

Businesses engaged in providing line-haul or short-line rail transportation of passengers and/or cargo using railroad

rolling stock. The railroads primarily operate on networks, with physical facilities, labor force, and equipment spread

over an extensive geographic area.

NOTE – 

Nonstore retailers

Pet stores

Stationery and gift stores

Used merchandise stores

Telemarketing sales

Vending machine operators

Air transportation

Scenic and sightseeing air transportation is classified in ISI code 4870. 

Air courier services are classified in ISI code 4920.

Rail transportation

Commuter rail and urban rapid transit are classified in ISI code 4850.

Scenic and sightseeing rail transportation is classified in ISI code 4870.

Operating switching and terminal facilities as a separate business is classified in ISI code 4880.

Mail order houses

NOTE – Supplying and servicing coin-operated amusement and gambling devices in places of business

operated by others is classified in ISI code 7130.

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TRANSPORTATION AND WAREHOUSING – Continued

4833 

(Part of 1997 NAICS code 483)

Businesses engaged in operating watercraft on the deep seas or on foreign or domestic coastal and inland waterways

for the transportation of crude petroleum, petroleum products, or liquid natural gas. Businesses in this industry can

either own or lease the watercraft. The services can be rendered for the firm’s own account, the account of affiliated

persons, or the account of unaffiliated persons.

4839 

(Part of 1997 NAICS code 483)

Businesses engaged in providing water transportation of passengers and cargo (except petroleum and related

products, which is in ISI code 4833) using watercraft such as ships, barges, and boats either on the deep sea or

coastal and inland waterways.

NOTE – 

4840 

(1997 NAICS code 484)

Businesses engaged in providing local and long-distance over-the-road transportation of cargo using motor vehicles,

such as trucks and tractor trailers. This industry includes specialized trucking, such as moving of household and office

goods.

4850 

(1997 NAICS code 485)

Businesses engaged in providing urban transit systems; commuter rail; chartered bus, school bus and interurban bus

transportation; and taxi and limousine service.

NOTE – 

Petroleum tanker operations

Other water transportation

Scenic and sightseeing water transportation is classified in ISI code 4870.

Operating floating casinos is classified in ISI code 7130.

Truck transportation

Transit and ground passenger transportation

Scenic and sightseeing ground transportation is classified in ISI code 4870.

Ambulance services are classified in ISI code 6210.

4863 

(1997 NAICS codes 4861, 4862, and 48691)

Businesses engaged in the use of distribution and transmission pipelines to transport crude oil, refined petroleum

products, and natural gas. The pipeline transportation of natural gas also includes storage of natural gas.

NOTE – 

4868 

(1997 NAICS code 48699)

Businesses engaged in the use of distribution and transmission pipelines to transport commodities such as coal and

slurry.

4870 

(1997 NAICS code 487)

Businesses engaged in the use of transportation equipment to provide recreation and entertainment. The activity is

local in nature, usually involving a same-day return to the point of departure.

Examples of businesses in this industry are:

Charter fishing boats

Hot air balloon rides

Sightseeing buses and trolleys

Steam train excursions

4880 

(1997 NAICS code 488)

Businesses engaged in providing services to transportation carriers or to the general public, which support a single

mode or several modes of transportation.

Examples of activities in this industry are:

Aircraft and rail transportation equipment 

maintenance and repair

Airport operation

Cargo handling

Pipeline transportation of crude oil, refined petroleum products, and natural gas

Pipeline transportation of natural gas by utilities is classified in ISI code 2212. 

Other pipeline transportation

Scenic and sightseeing transportation

Support activities for transportation

Freight forwarding

Motor vehicle towing

Port and harbor operation

Rail terminal operation

NOTE – Pipeline transportation of water by utilities is classified in ISI code 2213.

Businesses engaged in providing complete overhauls or rebuilding of transportation equipment are

classified in transportation equipment manufacturing according to the type of equipment.

NOTE – 

Providing food services to airlines or airports is classified in ISI code 7220.

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TRANSPORTATION AND WAREHOUSING – Continued

4920 

(1997 NAICS code 492)

Businesses engaged in providing air, surface, or combined courier delivery services of parcels, letters, and

documents. Deliveries of meals and groceries on a fee basis are also included.

4932 

(Part of 1997 NAICS code 49319)

Businesses engaged in operating bulk petroleum storage facilities and terminals for hire.

4939 

(1997 NAICS codes 49311, 49312, 49313, and part of 49319)

Businesses engaged in operating warehousing and storage facilities for general merchandise, refrigerated goods,

farm products, and other warehouse products, except petroleum.

NOTE – 

Couriers and messengers

Petroleum storage for hire

Other warehousing and storage

Renting space for self storage of goods (mini-warehouses) is classified in ISI code 5310. 

Storing hazardous materials for treatment and disposal is classified in ISI code 5620.

INFORMATION

The Information sector (ISI codes 5111–5142) comprises businesses engaged in producing, distributing, or

transmitting information, data, and cultural products, and in the processing of data. (Cultural products are those

that directly express attitudes, opinions, ideas, values, and artistic creativity; provide entertainment; or offer

information and analysis concerning the past and present.) In the 1987 ISI classifications, activities that are now

classified in the Information sector were classified in a number of different industries; for example, publishing

was classified in manufacturing, broadcasting in communications, software production in computer services,

and film production in amusement services.

The unique characteristics of information and cultural products, and of the processes involved in their

production and distribution, distinguish businesses in the Information sector from those in other sectors. Some

of these characteristics are:

1. 

2. 

3. 

4. 

5111 

(1997 NAICS code 5111)

Businesses engaged in publishing newspapers, magazines, other periodicals, books, databases and directories,

calendars, greeting cards, maps, and other works. These works are characterized by the intellectual creativity required

in their development and are usually protected by copyright. Businesses may create the works in-house, contract for,

purchase, or compile works that were originally created by others and publish these works in one or more formats,

such as print and/or electronic form, including on-line, and audio. Businesses may print, reproduce, or offer direct

access to the works themselves or may arrange with others to carry out such functions.

NOTE – 

Unlike goods, an "information or cultural product" such as an on-line newspaper or a television program does

not necessarily have tangible qualities, nor is it necessarily associated with a particular form of delivery.

Unlike services, the delivery of informational and cultural products does not require direct contact between

the supplier and the consumer.

The intangible property aspect of information and cultural products makes the processes involved in their

production and distribution different from goods and services. Only those possessing the rights to these works

are authorized to reproduce, alter, improve, and distribute them.

Distributors of information and cultural products often add value to the products they distribute. For instance,

broadcasters may add advertising to the original product. This capacity means that unlike other distributors of

goods and services, some information distributors may derive revenue not from the sale of the distributed

product to the final consumer, but from those who pay for adding information to the original product.

Newspaper, periodical, book, and database publishers

Printing newspapers, periodicals, and books, but not publishing is classified in ISI code 3231.

Music publishers are classified in ISI code 5122.

Supplying the news media with information such as news, reports, and pictures is classified in ISI 

code 5141.

Providing direct access to databases developed by others is classified in ISI code 5141.

5112 

(1997 NAICS code 5112)

Businesses engaged in computer software publishing. Such businesses carry out operations necessary for producing

and distributing computer software such as designing, providing documentation, assisting in installation, and

providing support services to software purchasers. These businesses may design and publish or only publish.

NOTE – 

Software publishers

Mass duplication of computer software is classified in ISI code 3346.

Designing software to meet the needs of specific users is classified in ISI code 5415.

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INFORMATION – Continued

5121 

(1997 NAICS code 5121)

Businesses engaged in the production and/or distribution of motion pictures, videos, television programs, or

commercials; in the exhibition of motion pictures; or in the provision of post-production and related services, such as

editing, closed captioning, animation, and special effects.

NOTE – 

5122 

(1997 NAICS code 5122)

Businesses engaged in producing and distributing musical recordings, in publishing music, or in providing sound

recording and related services. Includes integrated record production and distribution.

NOTE – Mass duplication of recorded products is classified in ISI code 3346.

5131 

(1997 NAICS code 5131)

Businesses engaged in operating broadcasting studios and facilities for over-the-air or satellite delivery of radio and

television programs. These businesses are engaged in the production and purchase of programs and generate

revenues from the sale of airtime to advertisers, from donations and subsidies, or from the sale of programs.

NOTE – 

5132 

(1997 NAICS code 5132)

Businesses engaged in assembling program material and transmitting television programs for cable and satellite

systems on a subscription or fee basis, or operating those systems.

NOTE – 

5133 

(1997 NAICS code 5133)

Businesses engaged in operating, maintaining or providing access to facilities for the transmission of voice, data, text,

and full motion picture video between network termination points. Includes telecommunications reselling where

businesses purchase access and network capacity from owners and operators of wired and wireless networks and

resell them. Transmission facilities may be based on a single technology or a combination of technologies.

Examples of services provided by businesses in this industry are:

Cellular telephone communications

Paging services

Radio dispatch services

Radar station operations

Satellite telecommunications and tracking

NOTE – 

5141 

(1997 NAICS code 5141)

Businesses engaged in providing information, storing information, or providing access to information.

Examples of businesses in this industry are:

Archives

Internet services

Libraries

Motion picture and video industries

Sound recording industries

Radio and television broadcasting

Furnishing cable and other pay television services is classified in ISI code 5132.

Cable networks and program distribution

Telecommunications

Mass duplication and packaging of video tapes is classified in ISI code 3346.

Providing audio services for film, television, and video productions is classified in ISI code 5122.

Independent contractors that maintain and install cable systems are classified in ISI code 2350.

Telecommunications reselling

Telegraph communications

Telephone services, local and long distance

Wired telecommunications services

Providing direct-to-home satellite television systems to individual households or consumers is classified in 

ISI code 5132.

Providing coin-operated pay telephones is classified in ISI code 8120.

Information services

News syndicates

On-line information access services

Telephone-based information services

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INFORMATION – Continued

5142 

(1997 NAICS code 5142)

Businesses engaged in providing electronic data processing services. These businesses may provide complete

processing and preparation of reports from data supplied by customers, specialized services such as automated data

entry services, or provide data processing resources to clients on an hourly or timesharing basis.

Examples of services provided by businesses in this industry are:

Automated or electronic data processing

Computer time sharing

Data entry services

Optical scanning

NOTE – 

Data processing services

Processing financial transactions, such as credit card transactions, is classified in ISI code 5223.

Computer systems facilities management is classified in ISI code 5415.

Text processing and desktop publishing services is classified in ISI code 5614.

FINANCE AND INSURANCE

The finance and insurance sector (ISI codes 5221–5252) comprises businesses engaged in financial

transactions (transactions involving the creation, liquidation, or change in ownership of financial assets)

and/or in facilitating financial transactions. Three principal types of activities are included:

1. 

5221 

(1997 NAICS codes 5221 and 551111)

Businesses engaged in accepting deposits and in lending funds from these deposits.

Examples of businesses in this industry are:

Bank holding companies

Commercial banks

Credit unions

Savings institutions

5223 

(1997 NAICS code 5223)

Businesses engaged in facilitating credit intermediation by performing activities, such as arranging loans by bringing

borrowers and lenders together, and clearing checks and credit card transactions.

Examples of services provided by businesses in this industry are:

Check cashing

Debit card issuing

Financial transactions processing

Money order and travelers check issuing

5224 

(Part of 1997 NAICS code 5222)

Businesses engaged in extending credit or lending funds raised by credit market borrowing, such as issuing

commercial paper or other debt instruments.

Examples of services provided by businesses in this industry are:

Consumer lending

Credit card issuing

Pawnshops

NOTE – 

Raising funds by taking deposits and/or issuing securities, and in the process, incurring liabilities.

2. Pooling of risk by underwriting insurance and annuities. 

3. Providing specialized services facilitating, or supporting, financial intermediation, insurance, or employee

benefit programs.

Depository credit intermediation (Banking)

Activities related to credit intermediation

Mortgage and other loan arranging

Reserve and clearing house activities

Servicing loans originated by others

Non-depository credit intermediation

Real estate credit

Sales financing

Trade financing

U.S. branches and agencies of foreign banks and foreign branches and agencies of U.S. banks engaged in

financing are classified in ISI code 5229.

Debit card issuing, servicing loans originated by others, and loan arranging are classified in ISI code 5223.

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FINANCE AND INSURANCE – Continued

5229 

(Part of 1997 NAICS code 5222)

Foreign branches and agencies of U.S. banks that do not accept deposits abroad. 

U.S. branches and agencies of foreign banks that do not accept deposits in the United States.

5231 

(1997 NAICS code 5231)

Businesses engaged in putting capital at risk in the process of underwriting securities issues or in making markets for

securities and commodities and businesses acting as agents and/or brokers and sellers of securities and commodities.

Examples of services provided by businesses in this industry are:

Commodity contracts dealing and brokerage

Investment banking

Securities brokerage

5238 

(1997 NAICS codes 5232 and 5239)

Businesses engaged in acting as principals, agents and/or brokers in buying or selling financial contracts (except

securities and commodity contracts) or providing other investment services, such as portfolio management,

investment advice, and trust, fiduciary, and custody services.

Examples of businesses in, or services provided by, this industry are:

Commodity and exchange clearinghouses

Financial planning

Pension fund and mutual fund management

NOTE – 

Non-depository branches and agencies

Securities and commodity contracts intermediation and brokerage

Other financial investment activities and exchanges

Businesses providing investment advice in conjunction with their primary activity, such as the sale of stocks,

bonds, real estate, etc. are classified according to their primary activity. 

Businesses known as publishers that provide generalized investment information to subscribers are classified

in ISI code 5111.

Securities and commodity exchanges

Trust, fiduciary, custody and other investment services

Venture capital companies

5242 

(1997 NAICS code 5242)

Businesses engaged in acting as agents or brokers in selling insurance policies and annuities or providing other

employee benefits and insurance related services, such as claims adjustment and processing and third party

administration.

NOTE – 

5243 

(1997 NAICS code 5241, except code 524113)

Businesses engaged in underwriting insurance policies, except life insurance policies, and annuities and investing

premiums to build up a portfolio of financial assets to be used against future claims.

Examples of businesses in this industry are:

Health and medical insurance carriers

HMO’s providing health and medical insurance

Property, casualty, title, and deposit insurance carriers

NOTE – 

5249 

(1997 NAICS code 524113)

Businesses engaged in underwriting life insurance policies and annuities, disability income insurance policies, and

accidental death and dismemberment insurance policies.

5252 

(1997 NAICS code 525, except for code 52593)

Legal entities organized to pool securities or other assets on behalf of shareholders or beneficiaries of employee

benefit or other trust funds. These entities earn interest, dividends, and other property income, but have little or no

employment. This industry also includes individual investors.

Examples of entities in this industry are:

Individual investors

Insurance or employee benefit funds, such as 

pension funds, health and welfare funds.

Agencies, brokerages, and other insurance related activities

Insurance carriers, except life insurance carriers

HMO’s providing health care services are classified in ISI code 6210.

Life insurance carriers

Funds, trusts, and other financial vehicles, except REITs

Third party portfolio management of funds’ assets is classified in ISI code 5238.

Providing actuarial consulting services is classified in ISI code 5416.

Real estate investment trusts (REITs) are classified in ISI code 5310.

Entities engaged in holding the securities of (or other equity interests in) other firms are classified in ISI 

code 5512.

NOTE – 

Open-end investment funds and closed-end investment 

funds

Trust, estate, and agency accounts

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REAL ESTATE AND RENTAL AND LEASING

5310 

(1997 NAICS codes 531 and 52593)

Businesses engaged in owning real estate or undeveloped land; renting or leasing real estate to others; managing

real estate for others; selling, buying or renting real estate for others; and providing real estate related services, such

as appraisal services.

Examples of businesses in this industry are:

Owners and lessors of land used for agriculture or timber growing that the owners or lessors do not 

operate themselves

NOTE – 

5321 

(1997 NAICS code 5321)

Businesses engaged in renting or leasing passenger cars and trucks, without drivers, or renting or leasing utility

trailers and recreational vehicles. Rentals can be on a short-term or a long-term basis.

NOTE – 

5224.

Renting recreational goods such as pleasure boats or mopeds is classified in ISI code 5329.

5329 

(1997 NAICS code 532, except 5321)

Businesses engaged in renting or leasing a wide array of tangible goods, such as consumer goods, goods for

business operations, and industrial machinery and equipment in return for a periodic rental or lease payment.

Examples of tangible goods rented or leased by businesses in this industry are:

Aircraft, tugboats, and other transportation equipment, without operators

Bicycles, skis, and other recreational goods

Bulldozers, cranes, and other heavy construction equipment, without operators

Computers, copiers, and other office machinery

NOTE – 

classified in ISI code 5224.

Leasing real property is classified in ISI code 5310.

Leasing automotive equipment without drivers is classified in ISI code 5321; leasing with drivers is

classified in ISI code 4850.

Leasing heavy equipment with operators is classified according to the nature of the service provided, for

example, transportation or construction.

5331 

(1997 NAICS code 5331)

Businesses in this industry are engaged in assigning rights to assets, such as patents, trademarks, brand names,

and/or franchise agreements for which a royalty payment or licensing fee is paid to the asset holder.

NOTE – 

Real estate

Owners and lessors of miniwarehouses and self-storage units

Real estate agencies and brokerages

Real estate investment trusts (REITs)

Subdividing and developing unimproved real estate is classified in ISI code 2330. 

Operating public and contract general merchandise warehousing and storage facilities is classified

in ISI code 4939.

Automotive equipment rental and leasing

Retailing passengers cars through lease arrangements is classified in ISI code 4410.

Renting or leasing passenger cars with drivers is classified in ISI code 4850.

Leasing vehicles in combination with providing loans to buyers of such vehicles is classified in ISI code

Other rental and leasing services

Formal wear and costumes

Furniture

Home health equipment

Televisions, stereos, refrigerators, and other consumer electronics and appliances

Video tapes and discs

Retailing and renting musical instruments is classified in ISI code 4510.

Leasing goods or heavy equipment in combination with providing loans to buyers of such goods is

Lessors of non-financial intangible assets (except copyrighted works)

Businesses, engaged in producing, reproducing, and or distributing copyrighted works, are classified in ISI

codes 5111-5132, depending on the nature of the work.

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5412 

(1997 NAICS code 5412)

Examples of services provided by businesses in this industry are:

Accounting systems design

Auditing of accounting records

Bookkeeping

Budget development

5413 

(1997 NAICS code 5413)

Examples of services provided by businesses in this industry are:

NOTE – 

construction projects are classified in Construction (ISI codes 2330–2350) according to the type of project.

Providing advice on environmental issues and inspecting buildings for hazardous materials is classified in

ISI code 5416.

Providing landscape care and maintenance services and/or installing trees, shrubs, plants, etc., along with the 

design of landscape plans is classified in ISI code 5617.

Inspecting buildings for termites and other pests is classified in ISI code 5617.

Clinical laboratory testing services for the medical profession are classified in ISI code 6210.

5414 

(1997 NAICS code 5414)

Examples of services provided by businesses in this industry are:

Fashion design

Graphic design

Industrial design

Interior design

5415 

(1997 NAICS code 5415)

Businesses engaged in providing services in the field of information technologies through one or more of the

following activities: (1) writing, modifying, testing, and supporting software to meet the needs of a particular

customer; (2) planning and designing computer systems that integrate computer hardware, software, and

communication technologies; (3) on-site management and operation of clients’ computer systems and/or data

processing facilities; and (4) other professional and technical computer-related advice and services.

Examples of services provided by businesses in this industry are:

Computer systems facilities management

Computer programming

Computer systems integration design, such as local area network computer systems integration designers

NOTE – 

Accounting, tax preparation, bookkeeping, and payroll services

Financial statement preparation

Payroll preparation

Tax return preparation

Architectural, engineering, and related services

The design and construction of buildings, highways, and other structures or in managing

Architectural services including planning and designing the construction of residential, 

institutional, commercial, or industrial buildings and structures

Building inspection services

Drafting services

Engineering services including designing, developing and utilizating machines, materials, instruments, 

structures, processes, and systems

Landscape architectural services including planning and designing the development of land areas for

projects such as parks, schools, and highways

Surveying and mapping services 

Testing laboratories performing physical, chemical, and other analytical testing services

Specialized design services

Computer systems design and related services

Publishing packaged software is classified in ISI code 5112.

Providing computer data processing services at your own facility for others is classified in ISI code 5142.

Computer systems design consulting

Data processing center management

Software installation

PROFESSIONAL, SCIENTIFIC, AND TECHNICAL SERVICES

5411 

(1997 NAICS code 5411)

Businesses engaged in providing services in a range of, or in a specific area of law, such as criminal law, corporate

law, or real estate law. Includes the provision of other legal services by businesses such as notaries public services,

patent agents services and real estate settlement offices.

Legal services

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PROFESSIONAL, SCIENTIFIC, AND TECHNICAL SERVICES – Continued

5416 

(1997 NAICS code 5416)

Businesses engaged in providing advice and assistance to businesses, and other organizations on management

issues, such as strategic and organizational planning; financial planning and budgeting; marketing objectives and

policies; human resource policies, practices, and planning; production scheduling; and control planning.

Examples of businesses in this industry are:

Actuarial, benefit, and compensation consultants

Administrative and general management consultants

Biological consultants

Environmental consultants

NOTE – 

Providing resources to other enterprises to administer, direct, or coordinate a range of day-to-day

business operations is classified in ISI code 5611.

5417 

(1997 NAICS code 5417)

Businesses engaged in conducting original investigation undertaken on a systematic basis to gain new knowledge

(research) and/or in the application of research findings or other scientific knowledge for the creation of new or

significantly improved products or processes (experimental development).

Examples of businesses in this industry are:

Biological research and development laboratories

Environmental research and development laboratories

Industrial research laboratories

NOTE – 

Planning and designing computer systems is classified in ISI code 5415.

Developing and implementing marketing research or public opinion polling is classified in ISI code 5419.

Scientific research and development services

Management, scientific, and technical consulting services

Human resources and executive search consultants

Management consultants

Marketing consultants

Process, physical distribution, and logistics consultants

Providing physical, chemical, or other analytical testing services is classified in ISI code 5413.

Marketing research is classified in ISI code 5419.

Physical science research and development 

laboratories

Social science and humanities research

5418 

(1997 NAICS code 5418)

Examples of businesses in this industry are:

Advertising agencies

Direct mail advertisers

Display advertising, such as outdoor advertising services

Media buying agencies and representatives

Public relations agencies

NOTE – 

code 5111.

Providing marketing consulting services is classified in ISI code 5416.

5419 

(1997 NAICS code 5419)

Examples of businesses in this industry are:

Broadcast media rating services

Marketing research and public opinion polling

Photographic services, including still, video, and digital photography

Translation and interpretation services

Veterinary offices and animal hospitals

Weather forecasting services

NOTE – 

Advertising and related services

Compiling and selling mailing lists (without providing direct mail advertising services) is classified in ISI

Other professional, scientific, and technical services

Developing motion picture film is classified in ISI code 5121. 

Veterinary research and development services are classified in ISI code 5417.

Developing still photographs is classified in ISI code 8120.

Non-veterinary pet care services is classified in ISI code 8120.

Providing general management and/or administrative support services to subsidiaries is classified in

ISI code 5513.

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MANAGEMENT OF COMPANIES AND ENTERPRISES

5512 

(1997 NAICS code 551112)

Businesses engaged in holding the securities or financial assets of companies and enterprises, for the purpose of

owning a controlling interest in them or influencing their management decisions. Businesses in this industry do not

manage the day-to-day operations of the firms whose securities they hold.

NOTE – 

For consolidated enterprises, ISI code 5512 is generally an invalid industry classification. Determination of industry

code must be based on the activities of the fully consolidated business enterprise being reported to BEA. A business

that engages in holding company activities but generates more than 50 percent of its total income from other

activities is not a holding company.

5513 

(1997 NAICS code 551114)

Offices engaged in providing resources to other parts of the same multinational enterprise to administer, direct, or

coordinate a range of day-to-day business operations, such as financial planning: personnel; physical distribution and

logistics; and long-term strategic and organization planning.

Included in this industry are:

Central administrative offices

Corporate headquarters

Regional offices

NOTE – 

Providing a single support (e.g., accounting services) service to a related enterprise, but not the range of

services that businesses in this industry provide is classified in other industries according to the service

provided.

ADMINISTRATIVE AND SUPPORT, WASTE MANAGEMENT, AND REMEDIATION SERVICES

5611 

(1997 NAICS code 5611)

Businesses engaged in providing resources to clients in other companies or enterprises to administer, direct, or

coordinate a range of day-to-day business operations, such as financial planning; billing and record keeping;

personnel; and physical distribution and logistics. These businesses do not provide operating staff to carry out the

complete operations of a client’s business. 

NOTE – 

classified according to the industry of the client’s business.

services that businesses in this industry provide, is classified in other industries according to

the service provided.

5612 

(1997 NAICS code 5612)

Businesses engaged in providing operating staff to perform a combination of support services within a clients’

facilities. The businesses typically provide a combination of services, such as janitorial; maintenance; trash disposal;

guard and security; mail routing; reception; laundry; and related services to support operations within facilities. These

businesses provide operating staff to carry out these support activities but, are not involved with, or responsible for,

the core business or activities of the client.

Examples of services provided by businesses in this industry are:

Base or facilities operations support services (except computer systems and/or data processing)

Correctional facilities (i.e., jails) operations on a contract or fee basis

NOTE – 

Holding companies, except bank holding companies

Holding companies for which over 50 percent of their total income is derived from banks that they hold are

classified in ISI code 5221.

Corporate, subsidiary, and regional management offices

Businesses engaged in providing resources to clients in other companies or enterprises to administer, direct,

or coordinate a range of day-to-day business operations are classified in ISI code 5611.

Office administrative services

Computer systems facilities management is classified in ISI code 5415.

Providing management advice but not day-to-day management is classified in ISI code 5416.

Facilities support services

Providing a single support service to clients (e.g., janitorial services), but not the range of services that

businesses in this industry provide, is classified in other industries according to the service provided.

Offices providing general management and/or administrative support services to other parts of the same

multinational enterprise are classified in ISI code 5513.

Providing a single support service (e.g., accounting services) to a unrelated enterprise, but not the range of

Providing both management and operating staff for the complete operation of a client’s business is

Providing both management and operating staff for the complete operation of a client’s business is 

classified according to the industry of the client’s business.

Providing on-site management and operation of clients’ computer systems and/or data processing 

facilities is classified in ISI code 5415.

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ADMINISTRATIVE AND SUPPORT, WASTE MANAGEMENT, AND REMEDIATION SERVICES – Continued

5613

(1997 NAICS code 5613)

Businesses engaged in: (1) listing employment vacancies and in referring or placing applicants for employment; 

(2) supplying workers to clients for limited periods of time to supplement the work force of the client; or (3) providing

human resources and human resource management services to clients.

Examples of businesses in this industry are:

Casting bureaus and agencies

Employee leasing services

Employment agencies

NOTE – 

5614 

(1997 NAICS code 5614)

Businesses engaged in performing activities that are ongoing routine, business support functions that all businesses

and organizations must do and that are traditionally done for themselves.

Examples of businesses in this industry are:

Collection agencies

Copy centers

Credit bureaus and credit investigating services

Desktop publishing services, including typing 

and word processing

Document preparation services, such as 

resume writing

NOTE – Performing prepress and postpress services in support of printing activities or providing document copying

services in combination with printing services are classified in ISI code 3231.

5615 

(1997 NAICS code 5615)

Examples of businesses in this industry are:

Airline, hotel, and restaurant reservation services

Convention and visitors bureaus

Ticket agencies and offices, including travel, 

sports, and theatrical

5616 

(1997 NAICS code 5616)

Examples of businesses in this industry are:

Armored car services

Bodyguard services

Polygraph services

Private detective and investigation services

NOTE – 

classified in ISI code 4410. 

Providing credit checks is classified in ISI code 5614. 

Selling security systems for buildings without installation, repair, or monitoring services is classified in

retail or wholesale trade depending on the type of sale.

5617 

(1997 NAICS code 5617)

Examples of businesses in this industry are:

Carpet and upholstery cleaning services

Exterminating and pest control services, such as termite control services

Janitorial services, such as cleaning building interiors and interiors of transportation equipment

Landscaping services

NOTE – 

materials are classified in ISI code 4440.

Planning and designing the development of land areas for projects such as parks, schools, and highways

without installing trees, shrubs, or similar items is classified in ISI code 5413.

Employment services

Supplying farm labor is classified in ISI code 1150. 

Providing executive search consulting services is classified in ISI code 5416.

Agents and managers for entertainers, athletes, and other public figures are classified in ISI code 7110.

Business support services

Private mail centers and other postal and mailing 

services

Repossession services

Telephone answering services

Telemarketing bureaus and services provided for 

others

Retailers of motor vehicle security systems with or without installation or repair services are

Tour operators that arrange and assemble tours sold 

through travel agencies or for their own account

Travel agencies

Travel arrangement and reservation services

Investigation and security services

Security guard services

Security systems services, such as selling burglar 

and fire alarm systems, along with installation 

and monitoring

Services to buildings and dwellings

Retailers of landscaping materials that may also provide the installation and maintenance of these

Labor contractors

Temporary help services

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ADMINISTRATIVE AND SUPPORT, WASTE MANAGEMENT, AND REMEDIATION SERVICES – Continued

5619 

(1997 NAICS code 5619)

Examples of businesses in this industry are:

Convention and trade show organizers 

Inventory taking services

Packaging and labeling services 

Water softening and conditioning services

5620 

(1997 NAICS code 562)

Businesses engaged in the collection, treatment, and disposal of waste materials. Includes businesses engaged in

collecting and/or local hauling of waste and/or recyclable materials; operating waste treatment or disposal facilities

(except sewer systems or sewage treatment facilities); operating materials recovery facilities (those that sort

recyclable materials from the trash stream); providing remediation services (those that provide for the cleanup of

contaminated buildings, mine sites, and soil or ground water); and providing septic pumping and other miscellaneous

waste management services, such as portable toilet rental services.

NOTE –

is classified in ISI code 2213. 

Long-distance hauling of waste materials is classified in ISI code 4840. 

Waste management consulting services are classified in ISI code 5416.

EDUCATIONAL SERVICES

6110 

(1997 NAICS code 61)

Businesses engaged in providing instruction and training in a wide variety of subjects.

Examples of businesses in this industry are:

Business schools 

Colleges, universities, and professional schools 

Computer and management training schools 

NOTE – 

Other support services

Waste management and remediation services

Collecting, treating, and disposing waste through sewer systems or sewage treatment facilities

Educational services

Nursery schools are classified in ISI code 6240.

Professional development programs 

Sports and recreation instruction schools or camps 

Technical and trade schools

HEALTH CARE AND SOCIAL ASSISTANCE

6210 

(1997 NAICS code 621)

Businesses engaged in providing health care services directly or indirectly to ambulatory patients and that do not

usually provide inpatient services.

Examples of businesses in this industry are:

Ambulance services

Dentists’ offices

Health maintenance organization medical centers

Home health care services

Kidney dialysis centers

NOTE – 

classified in ISI code 4461.

Weight reducing centers, nonmedical, are classified in ISI code 8120.

6220 

(1997 NAICS code 622)

Businesses engaged in providing medical, diagnostic, and treatment services including physician, nursing, and other

health services to inpatients. Hospitals may also provide outpatient services as a secondary activity. Includes general

and special medical and surgical facilities and psychiatric and substance abuse facilities.

NOTE – 

Ambulatory health care services

Optical, orthopedic, and dental laboratories are classified in ISI code 3391. 

Opticians engaged in selling and fitting prescription eyeglasses and contact lenses are

Hospitals

Businesses that are engaged in providing residential care for persons diagnosed with mental retardation or 

that provide inpatient treatment of mental health and substance abuse illness with the emphasis on 

counseling, rehabilitation, and support services rather than medical treatment are classified in ISI code 6230.

Medical and diagnostic laboratories, including diagnostic 

imaging centers

Mental health practitioners

Optometrists’ offices

Physicians’ offices and walk-in centers

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HEALTH CARE AND SOCIAL ASSISTANCE – Continued

6230 

(1997 NAICS code 623)

Businesses engaged in providing residential care combined with either nursing, supervisory, or other types of care as

required by the residents.

Examples of businesses in this industry are:

Assisted living facilities with on-site nursing care

Continuing care retirement communities

Hospices

Nursing and residential care facilities

Nursing homes

Residential mental health and substance abuse facilities

6240 

(1997 NAICS code 624)

Businesses engaged in providing a wide variety of social assistance services directly to their clients. These services

do not include residential or accommodation services, except on a short stay basis.

Examples of businesses in this industry are:

Adoption agencies

Child day-care services

Community food and housing services

ARTS, ENTERTAINMENT, AND RECREATION

The arts, entertainment and recreation sector (ISI codes 7110–7130) comprises businesses that operate facilities

or provide services to meet varied cultural, entertainment, and recreational interests of their patrons.

7110 

(1997 NAICS code 711)

Businesses engaged in producing or organizing and promoting live presentations involving the performances of

actors and actresses, singers, dancers, musical groups and artists, athletes and other entertainers, including

independent (freelance) entertainers, and the businesses that manage their careers.

Examples of businesses in this industry are:

Agents and managers for entertainers, athletes,

and other public figures

Circuses

Ice skating shows

NOTE – 

food and beverages are classified in ISI code 7220.

Professional athletic associations or leagues are classified in ISI code 8130.

7121 

(1997 NAICS code 7121)

Businesses engaged in the preservation and exhibition of objects, sites, and natural wonders of historical, cultural

and/or educational value.

Examples of businesses in this industry are:

Art galleries and museums

Botanical gardens

Zoos and nature preserves

7130 

(1997 NAICS code 713)

Businesses engaged in operating facilities where patrons can participate in sports, recreation, amusement or

gambling activities. Includes supplying and servicing amusement devices in places of business operated by others.

Examples of businesses in this industry are:

Amusement parks and arcades

Bowling centers

Coin-operated amusement and gambling 

devices, supply and service

Gambling casinos, except casino hotels

NOTE – 

Social assistance

Performing arts, spectator sports, and related industries

Restaurants and night clubs that provide live non-theatrical entertainment in addition to the sale of

Museums, historical sites, and similar institutions

Amusement, gambling, and recreation industries

Businesses using transportation equipment to provide recreational and entertainment services, such as those

operating sightseeing buses, dinner cruises, or helicopter rides are classified in ISI code 4870.

Operating race tracks or presenting live racing or sporting events are classified in ISI code 7110.

Businesses that provide both accommodations and recreational facilities, such as hunting and fishing camps,

skiing and golfing resorts, and casino hotels are classified in ISI code 7210.

Professional sports teams

Race tracks

Theater companies and other performing companies

Golf courses and country clubs

Health clubs and physical fitness facilities

Marinas

Skiing facilities, without accomodations

Nursery schools 

Senior citizens centers

Vocational rehabilitation facilities

Promoters of performing arts, sports, and similar events

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ACCOMMODATIONS AND FOOD SERVICES

The accommodations and foodservices sector (ISI codes 7210–7220) comprises businesses providing customers

with lodging and/or preparing meals, snacks, and beverages for immediate consumption. The sector includes

both accommodations and foodservices because the two activities are often combined in the same business.

7210 

(1997 NAICS code 721)

Businesses engaged in providing lodging or short-term accommodations for travelers, vacationers, and others. Some

locations provide lodging only, while others provide meals and recreational facilities. Businesses that manage hotels

and motels on a contractual basis are classified in this industry if they both manage the operation and supply the

operating staff. Providing meals and other complementary services in connection with accommodation are

considered to be an integral part of the activity. Revenues generated by these activities are included in this industry,

even if they produce more revenues than the accommodations.

Examples of businesses in this industry are:

Hotels, motels, casino hotels, and other traveler accommodations

Recreational vehicle parks and campgrounds

Rooming and boarding houses

Vacation camps

Accommodations

7220 

(1997 NAICS code 722)

Businesses engaged in preparing meals, snacks, and beverages to customer order for immediate on premise and off

premise consumption.

Examples of businesses in this industry are:

Airline foodservice contractors

Bars, cocktail lounges, and other drinking places 

Cafeterias, snack bars, fast food restaurants, and other limited-service eating places 

Foodservices and drinking places

Caterers (that provide their own staff) 

Food concession contractors at sporting facilities 

Full-service restaurants

Providing foodservices and drinks in connection with hotels and motels, amusement parks, theaters,

casinos, etc., are considered to be an integral part of those activities and should be classified in the

industries that are associated with those activities rather than in this industry.

Retailing confectionery goods or baked goods not baked on the premises and not for immediate

consumption is classified in ISI code 4450. If such goods are manufactured on the premises, they 

are classified in ISI codes 3113 and 3118 respectively.

NOTE – 

OTHER SERVICES

8110 

(1997 NAICS code 811)

Businesses engaged in restoring machinery, equipment, and other products to working order. These businesses also

typically perform general or routine maintenance on such products to ensure they work efficiently and to prevent

breakdown and unnecessary repairs.

Examples of businesses in this industry are:

Automotive repair and maintenance facilities

Carwashes

Commercial and industrial machinery and equipment repair and maintenance businesses

Electronic and precision equipment repair and maintenance businesses

Computers and communications equipment repair and maintenance businesses

Personal and household goods repair and maintenance businesses

NOTE – Repair of buildings, including plumbing, electrical work, and painting, is classified in ISI code 2350. 

Businesses that repair and maintain goods and also manufacture such goods are classified in manufacturing

according to the product. Also, businesses that rebuild or remanufacture machinery and equipment are

classified in manufacturing.

Tire retreading is classified in ISI code 3262.

Retailing motor fuels and providing vehicle service is classified in ISI code 4471.

Retail businesses that provide after-sale service and repair, for products such as motor vehicles and

consumer electronics, are excluded from this industry and are classified in retail according to the product

sold.

Repair of transportation equipment, such as aircraft and ships, is often provided by or based at

transportation facilities, and is classified in ISI code 4880.

Repair and maintenance

NOTE – Operating instructional camps, such as sports camps and computer camps, is classified in ISI code 6110.

401
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Part I — INDUSTRY CLASSIFICATIONS — Continued

Page 49

OTHER SERVICES – Continued

8120 

(1997 NAICS code 812)

Businesses engaged in providing personal and laundry services to individuals, households, and businesses.

Examples of businesses in this industry are:

Coin-operated pay telephone services

Consumer buying services

Dating services

Diet and weight reduction services, nonmedical

Drycleaners

Funeral homes, cemeteries, and other 

death care services

Hair, nail, skin care, and other personal 

care services

NOTE – 

8130 

(1997 NAICS code 813)

Nonbusiness entities engaged in organizing and promoting religious activities, supporting various causes through

grantmaking, advocating social and political causes and promoting and defending the interests of their members.

NOTE – 

Personal and laundry services

Veterinary offices and animal hospitals are classified in ISI code 5419. 

Religious, grantmaking, civic, professional, and similar organizations

Lobbying public officials is classified in ISI code 5418.

Laundry services

Linen and uniform supply

Parking lots and garages

Pet care services, except veterinary offices and 

animal hospitals

Photo finishing services

PUBLIC ADMINISTRATION

9200 

(1997 NAICS code 92)

Public administration

Federal, State, and local government agencies that administer, oversee, and manage public programs and have

executive, legislative, or judicial authority over other institutions within a given area.

Providing medical skin care or weight reduction services is classified in ISI code 6110.

Operating physical fitness facilities is classified in ISI code 7130.

402
It should be noted that the FOREIGN TRADE classifications are product classifications used only in classifying flows of trade in

goods; they should be carefully distinguished from the ISI INDUSTRY classifications contained in Part I of this guide, which

are used in determining the major industrial activity of the entity being reported.

FOOD, LIVE ANIMALS, BEVERAGES, AND TOBACCO 

(SITC codes 0 and 1)

Include, for example:

Live animals (include insects and pet and zoo animals)

Meat and meat preparations

Dairy products and birds’ eggs

Fish, crustaceans, mollusks and aquatic invertebrates, and preparations thereof

Cereals and cereal preparations (unmilled, cereal meals and flours, "prepared breakfast" foods, bakery products)

Vegetables and fruits (fresh, frozen, preserved or prepared) – include edible beans and nuts, except soybeans and other

oil seeds (which are classified under "Crude Materials").

Sugar, sugar preparations, and honey

Coffee, tea, cocoa, spices and manufactures thereof (include coffee and tea substitutes)

Animal feed

Margarine, shortening, and prepared edible fats, excluding all other fats and oils

Bottled and canned soft drinks, mineral waters, and other nonalcoholic beverages

Alcoholic beverages

Tobacco and tobacco products

The foreign trade classifications are used in classifying U.S. exports and imports of goods. The classifications are PRODUCT

classifications adopted from the Standard International Trade Classification, Revision 3 (United Nations Statistical Papers,

Series M, No. 34/Rev. 3), hereinafter referred to as "the SITC." For each product category described below, the equivalent 

one- or two-digit SITC code, or combination thereof, is given for the convenience of those U.S. Reporters who are familiar

with the SITC.

BE-799 (REV. 10/97) Page 50

CRUDE MATERIALS, INEDIBLE, EXCEPT FUELS 

(SITC code 2)

Include, for example:

Raw hides, skins, and furskins

Soybeans, other oil seeds, and oleaginous fruit

Crude rubber, natural, synthetic, and reclaimed (exclude compounded, semiprocessed, and finished rubber products)

Cork, natural, raw, and waste

Wood in chips or particles and wood waste

Wood in the rough or roughly squared

Railway ties of wood

Pulp and waste paper

Textile fibers and their wastes (raw, natural and synthetic fiber) – include scouring and combing mill products, manmade

fiber, filament, stable and tow, and rags, but exclude yarn, thread, and fabric (which are classified under "Other

Products")

Crude natural fertilizers of animal or vegetable origin, and fertilizers of natural phosphates, nitrates, and potassic salts

Crude nonmetallic minerals, except coal and petroleum (which are classified under "Mineral Fuels") – include stone, sand

and gravel, sulfur, industrial diamonds, natural abrasives, salt, and asbestos

Ferrous and nonferrous metal ores, concentrates, waste, and scrap

Bones and unworked ivory

Natural resins and gums 

Seeds, nursery stock, and cut flowers

Part II — FOREIGN TRADE CLASSIFICATIONS

MINERAL FUELS, LUBRICANTS, AND RELATED MATERIALS

(SITC code 3)

Include, for example:

Coal, lignite, peat, coke, and briquets thereof

Crude and partly refined petroleum

Gasoline, kerosene, distillate, and residual fuel oils

Lubricating oils and greases

Petroleum jelly and mineral waxes

Petroleum coke

Asphalt and paving mixtures

Gas, natural and manufactured

Electric current

Ginseng roots

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Part II — FOREIGN TRADE CLASSIFICATIONS — Continued

CHEMICALS AND RELATED PRODUCTS

(SITC code 5)

Include, for example:

Organic and inorganic chemical elements and compounds (include nuclear feed materials and fuels, and radioactive

materials)

Dyeing, tanning, and coloring materials, natural and synthetic (include color lakes, tannins, printing inks, paints,

enamels, and lacquers)

Medicinal and pharmaceutical products

Perfumes, cosmetics, and toilet preparations

Soap, cleansing and polishing preparations

Fertilizers, manufactured (mineral or chemical)

Explosives and pyrotechnic products--exclude ordnance and all other ammunition (which are classified under "Other

Products")

Artificial resins and plastic materials, and cellulose esters and ethers

Plastic tubes, pipes, hoses, plates, sheet, film and strip

Insecticides and herbicides

Starches (include corn starch)

Disinfectants

Glues and adhesives

Wood and resin-based chemical products

Artificial waxes

Artificial graphite

NOTE – 

INDUSTRIAL MACHINERY AND EQUIPMENT 

(SITC codes 71-74)

Include, for example:

Power-generating machinery, equipment and parts

Internal combustion engines for road vehicles and other transportation equipment, when not shipped with the vehicle

Nuclear reactors

Agricultural machinery (include tractors and parts)

Civil engineering and contractors’ plant, equipment and parts

Mining and oil and gas field equipment and parts

Textile and leather machinery and parts

Paper and pulp mill machinery, paper cutting machines, and parts

Printing and bookbinding machinery and parts

Food-processing machines and parts

Metalworking and metalforming machinery, machine tools, and parts

Heating and cooling equipment and parts

Pumps, air compressors, and fans

Mechanical handling equipment and parts

Ball or roller bearings

Transmission shafts, gears and gearing, flywheels and pulleys, and parts

NOTE – Includes some types of parts for road vehicles and other transportation equipment. See description of vehicle

parts under "Road Vehicles and Parts", to determine which parts are included in this category.

Exclude synthetic rubber (which is classified under "Crude Materials") and photographic chemicals and

cellulosic and noncellulosic manmade fibers (which are classified under "Other Products").

OFFICE MACHINES AND AUTOMATIC DATA PROCESSING MACHINES 

(SITC code 75)

Include, for example:

Typewriters, word-processing machines, and parts

Electronic calculators, accounting machines, cash registers, and parts

Photo-copying and duplicating machines and parts

Automatic data processing machines (mainframe, desktop, and portable computers)

Computer keyboards, monitors and display units, and printers

Magnetic disk drives

Optical scanners and magnetic ink recognition devices

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Part II — FOREIGN TRADE CLASSIFICATIONS — Continued

TELECOMMUNICATIONS, SOUND EQUIPMENT, AND OTHER ELECTRICAL MACHINERY AND PARTS

(SITC codes 76 and 77)

Include, for example:

Telephone switchboards

Teleprinters

Telephone sets

Modems

Facsimile machines

TV and radio receivers

Video and tape recorders, phonographs, CD players, and VCR’s

Microphones and loudspeakers

Radar and radio navigation equipment

Electrical transformers and other electric power machinery and parts

Printed circuits, electrical resistors, fuses, automatic circuit breakers, and numerical control panels

Insulated wire and cable

Electrical apparatus for medical purposes and radiological apparatus

Electrical equipment for internal combustion engines, when not shipped with a vehicle

Electron tubes, transistors, semiconductors, and integrated circuits

Batteries

Electrical hand tools

Electric household equipment, appliances and parts, and their nonelectric counterparts, but exclude nonelectric

cooking stoves and ranges (which are classified under "Other Products")

NOTE – Includes some types of parts for road vehicles and other transportation equipment. See description of vehicle

parts under "Road Vehicles and Parts", to determine which parts are included in this category.

ROAD VEHICLES (INCLUDING AIR CUSHION VEHICLES) AND PARTS (SEE DESCRIPTION OF PARTS BELOW)

(SITC code 78)

Include, for example:

New and used passenger cars

Buses

Motorcycles, motorscooters, bicycles, and other cycles, motorized and nonmotorized

Trucks, except wheeled armored fighting vehicles (which are classified under "Other Products")

Road tractors for semi-trailers

Truck trailers

Travel trailers and campers

Wheel- or truck-mounted power cranes, draglines, and shovels (except railway cranes)

Nonmilitary vehicles which operate in whole or in part on runners or skis

Motor vehicle stampings

Vehicle Parts – Include in this category all vehicle parts that are shipped with the vehicle. Classification of parts that are

shipped separately depends on the type of part. Parts for road vehicles such as bodies, chassis, shock absorbers,

bumpers, brakes, gear boxes, axles, radiators, mufflers, tailpipes, clutches, seat belts, and motor vehicle air bags are

classified in this category, whether or not shipped with the vehicles. These types of parts for railway vehicles, aircraft,

and ships and boats are classified in "Other Transport Equipment," whether or not shipped with the transport equipment.

Other types of parts are classified in the same category as the vehicles only when shipped with the vehicles; when

shipped separately, such parts are classified in other categories, according to the type of material or the general function

of the part. As examples, if shipped separately from vehicles: tires and tubes, gaskets, automotive glass and mirrors,

springs, locks, hinges, and other automotive hardware are in "Other Products;" internal combustion piston engines and

parts, turbines and parts, fuel-injection pumps, fans and blowers, air conditioners, and transmission shafts and cranks

are in "Industrial Machinery and Equipment;" and radios, storage batteries, lighting and signaling equipment, windshield

wipers, spark plugs, and electrical equipment for engines and vehicles are in "Telecommunications, Sound Equipment,

and Other Electrical Machinery and Parts."

OTHER TRANSPORT EQUIPMENT 

(SITC code 79)

Include, for example:

Railway vehicles, new and rebuilt (include railway cranes, railway and tramway track fixtures and fittings, and hover

trains)

Aircraft and associated equipment and parts

Ships, boats (include hovercraft), and floating structures

NOTE – Includes some types of parts for railway vehicles, aircraft, and ships and boats. See the discussion of vehicle

parts under "Road Vehicles and Parts" to determine which are included in this category.

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Part II — FOREIGN TRADE CLASSIFICATIONS — Continued

OTHER PRODUCTS

(SITC codes 4, 6, 8, and 9)

Include, for example:

Animal and vegetable oils, fats, and waxes

Leather, leather manufactures, and dressed furskins (include composition leather with a basis of leather and

manufactures of such composition leather)

Rubber manufactures, finished and semifinished (include sheet and plate materials, hardened rubber items, tires and

tubes, hygienic and pharmaceutical articles)

Cork manufactures, agglomerated cork, and cork products

Wood veneers, plywood, improved or reconstructed wood, and other worked wood (include cooperage, millwork,

household utensils of wood)

Paper, paperboard, and articles of paper pulp, of paper, or of paperboard

Textile yarn, thread, and fabrics of manmade or natural fibers – exclude scouring and combing mill products (which are

classified under "Crude Materials")

Made up articles of textile materials, apparel, clothing accessories, and related products

Footwear

Floor coverings (include linoleum, carpets, mats, etc.)

Nonmetallic mineral manufactures, such as glass and glass products, pottery, lime, cement, and fabricated construction

materials, refractory materials, clay, and construction materials

Iron and steel products of blast furnaces, steel works, rolling mills and finishing mills

Cast iron articles, except ingot molds and railway car wheels

Nonferrous metal castings and forgings

Fabricated metal products (except machinery, transportation equipment, and insulated electrical items), such as

structures and parts of structures, metal containers, wire products, pipes and tubes, nails, screws, nuts and bolts, 

hand and edge tools, dies and cutting tools, metal Venetian blinds, hardware, table flatware and cutlery, utensils 

and household equipment made of base metal

Nonelectric cooking stoves and ranges

Sanitary and plumbing fixtures and fittings

Heating and lighting fixtures and fittings

Furniture and parts

Travel goods, luggage, and handbags

Optical goods, instruments and apparatus

Medical and dental instruments and appliances

Meters, counters, and measuring, checking, analyzing, and controlling instruments

Photographic and motion picture apparatus, equipment, and supplies (include prepared photographic film and

chemicals)

Watches, clocks, and parts thereof

Phonographic records and record blanks

Magnetic tape and disks, magnetic tape recordings, recorded video discs, and laser disc sound recordings

Printed matter, including books, magazines, newspapers, and commercial printing

Baby carriages, toys, games, and sporting goods

Office and stationery supplies

Works of art, collector’s pieces, antiques

Jewelry and related articles

Musical instruments and parts and accessories

Arms and ammunition, military and nonmilitary

Tanks and other armored fighting vehicles

Coin (other than gold coin), except legal tender

Gold, non-monetary

NOTE – Includes some types of parts for road vehicles and other transportation equipment. See description of vehicle

parts under "Road Vehicles and Parts", to determine which parts are included in this category.

406