Foreign direct investment in the United States : final results from the 2002 benchmark survey

2006·23.2 MB·English

by  United States. Bureau of Economic Analysis

C 59.2:F 76/4/ 200Ji/^iA//»i.
October 2006
Foreign Direct Investment
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in the United States
From
Final Results the
2002 Benchmark Survey
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Measuring theNations tconotny.
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BUREAUOFECONOMICANALYSIS
U.S. DEPARTMENTOFCOMMERCE

Foreign Direct Investment in the
United States
Final Results From the
2002 Benchmark Survey
Pennsylvania State University
Libraries
FEB 1 5 2007
Documents Collection
U.S. Depository Copy
DEPARTMENT OF COMMERCE
U.S.
Carlos M. Gutierrez, Secretary
&
R9& O12U1?jAA BUREAU OF ECONOMIC ANALYSIS
J. Steven Landefeld, Director
UB.US.RDEEAPUAORFTEMCEONNTOOMFICCOAMNMALEYRSCIES Rosemary D. Marcuss, Deputy Director
OCTOBER 2006 www.bea.gov

Preface
This volume presents the results of the 2002 Bench- byindustryofU.S. affiliate, bycountryand industry of
mark Survey of Foreign Direct Investment in the ultimate beneficial owner or foreign parent, and, for
United States thatv^as conductedbythe U.S. Bureau of selected data, by state.
Economic Analysis (BEA). Bench—mark surveys are The data from thebenchmark surveywillbe used as
BEA's most comprehensive surveys in terms ofboth the primary basis for expanding to universe levels the
the number ofcompanies covered and the amount of data for nonbenchmark years that are collected in
information gathered. The 2002 survey covered the BEA's quarterly and annual cutoff sample surveys,
foreign direct investment universe, which consists of which cover all U.S. affiliates above a size-exemption
all U.S. business enterprises ow^ned 10 percentormore, level. The quarterlysurveys collect sample data on bal-
directly or indirectly, by a foreign person. The last ance of payments transactions between U.S. affiliates
benchmark surveycovered 1997. and their foreign parents, and the annual surveys col-
The survey collected detailed data on the financial lect sample data on the financial structure and opera-
structure and operations of U.S. affiliates of foreign tions ofU.S. affiliates. Forboth types ofdata, estimates
companies in 2002. The data include balance sheets, for nonsample affiliates usuallyare derivedbyextrapo-
income statements, sales ofgoods and services, exter- lating forward their data from the benchmark survey
nal financial position, employment and compensation on the basis ofthe year-to-year movements in the data
ofemployees, U.S. trade in goods, research and devel- reportedbyaffiliates in the sample.
opment expenditures, and U.S. land owned. The sur- Many ofthe items for which data were collected in
vey also collected data on transactions and positions the 2002 benchmarksurveyare also collected annually,
between U.S. affiHates and their foreign parent compa- but other items are collected onlyinbenchmarksurvey
nies that are the source data ofthe official estimates of years. These items include research and development
direct investment that enter the U.S. national income expenditures broken down by source of funding, the
and product accounts and the U.S. international in- number ofemployees covered by collective bargaining
vestment position and international transactions (or agreements, and U.S. exports and imports ofgoods
balance ofpayments) accounts. The data from the sur- by product and by country of destination and ori-
vey are disaggregated in a number of ways, including gin.
Ill
Acknowledgments
The Bureau ofEconomic Analysis thanks the staffs of Vann.
the U.S. companies that responded to the 2002 bench- Lonnie A. Hunter and William Zeile conducted
J.
mark survey for their efforts in completing and filing the final review ofthe results byDIUSB to ensure con-
reports and for their cooperation with BEA during the sistencyand accuracy.
processing and review ofthe data. Luis Garcia, Chief of the Information Technology
Ralph Kozlow, Associate Director for International Branch, supervised the computer programming for
Economics, provided general guidance for the survey data estimation and tabulation. Karen E. Poffel pro-
project. Obie G. Whichard, Chief of the International grammed the integrated control file of foreign direct
Investment Division (IID), and David H. Galler, Assis- investment in the United States. Diane I. Young, with
tant ChiefofIID, directed the design ofthebenchmark the assistance ofTara O'Brien, designed the programs
surveyreport forms, the conduct ofthe survey, andthe used to derive the estimates for unreported data, to
analysis and publication ofthe results. generate the tables, and to prevent the disclosure of
The Direct Investment in the United States Branch company-specific data. Neeta B. Kapoor assisted in
(DIUSB) under the direction of David H. Galler, generating the tables.
former Chief of DIUSB, and Joseph F. Cherry III, the Stephen P. Holiday, Douglas ]. Klear, Brenda ].
current Chief, was primarily responsible for conduct- Bolden, and Elizabeth Shumate of the Office of the
ingthe survey. Joseph F. Cherry III, formerChiefofthe ChiefInformation Officer (OCIO) under the direction
Annual and Benchmark Surveys Section of DIUSB, of Alan C. Lorish, Jr., Chief of OCIO, performed the
and Charles R. Gravitz, the current Chief, supervised computer programming and data conversion and pro-
the editing and processing ofthe reports. cessing activities.
The following staffprocessed and edited the survey: William Zeile ofthe Research Branch prepared the
J.
Chester C. Braham, Sarah E. Braham, Nichole Brooks, methodology and other text and coordinated the de-
Erica Carson-Brown, Karen M. Dennison, Constance sign of the tables for this publication. General guid-
T. Deve, Michelle L. Granson, Lonnie A. Hunter, Kris- ance for writing the text was provided by Ned G.
tina Kaminski, Edna A. Ludden, Isabel L. McConnell, Howenstine, Chiefofthe Research Branch.
Demetria A. McCormick, Gregory L. McCormick, Sid- Kristina Maze ofthe Communications Division co-
ney A. Moskowitz, Chad M. Poist, Joseph N. Poist III, ordinated the production ofthis publication. Danielle
Ronald L. Ross, Clarence D. Smith, Marie P. Smith, Wittenberg typeset the tables and text and provided
John R. Starnes, Christopher Stein, and Diann L. editorial assistance.
J.
tv
3
Contents
Preface ^
Acknowledgments
iv
Methodology M-1
Coverage M-5
Concepts and Definitions M-5
Direct investment M-5
Determination ofresidency M-6
The U.S. affiliate M-6
The foreign owners M-7
Accounting Principles M-8
Fiscal Year Reporting M-8
Confidentiality M-8
Classification ofData M-9
Industryclassification M-10
Countryclassification M-1
Estimation and General Validity ofthe Data M-14
Number ofAffiliates M-18
Financial and Operating Data M-18
Balance sheets and income statements M-19
Value added M-19
Sales ofgoods and services M-19
Employment and compensation ofemployees M-20
Property, plant, and equipment M-21
U.S. trade in goods M-21
Research and development M-22
Direct Investment Position and Balance ofPayments Data M-22
Foreign direct investment position in the United States M-23
Direct investment capital inflows M-24
Direct investment income M-27
Direct investment royalties and license fees M-27
Direct investment other private services M-28
Tables 1
General Notes to the Tables 2
Footnotes to Tables 207
Part Bank and Nonbank Affiliates
I:
AllAffiliates
LA 1. Selected Financial and Operating Data ofAffiliates 5
I.J 1. Selected Balance ofPayments Data ofAll Affiliates, byIndustryofAffiliate 6
I.J 2. Selected Balance ofPayments Data ofAllAffiliates, byCountryofUBO 7
Majority-OwnedAffiliates
LA 2. Selected Financial and Operating Data ofMajority-OwnedAffiliates, byIndustry ofAffiliate 8
I.A 3. Selected Financial and Operating Data ofMajority-Owned Affiliates, by Country ofUBO 9
LA 9. Selected Financial and Operating Data ofMajority-OwnedAffiliates, byState 10
Part II: All Nonbank Affiliates
Financialand Operating Data
Group A. Selected Data
ILA 1. Selected Financial and Operating Data ofAffiliates 13
ILA 2. Selected Financial and Operating Data ofAffiliates, by IndustryofAffiliate 14
ILA 3. Selected Financial and Operating Data ofAffiliates, byCountryofUBO 17
ILA 4. Number ofAffiliates, IndustryofAffiliate byEmployment Size Class 19
ILA 5. NumberofAffiliates, CountryofUBO byEmployment Size Class 22
ILA 7. Selected Financial Operating Data ofAffiliates, byCountryofUBO and CountryofForeign Parent 24
ILA 10. Number ofAffiliates With Property, Plant, and Equipment or Employment, State byCountryofUBO 25
Group B. Balance Sheet
II.B 5. TotalAssets ofAffiliates, Industry ofAffiliate byCountryofUBO 26
Group C. Composition of External Financia! Position
II.C 1. External Financial Position ofAffiliates, Selected Industry ofAffiliate andTransactorbyAccount 27
Group D. Property, Plant, and Equipment
II.D 3. Gross Property, Plant, and Equipment ofAffiliates, IndustryofAffiliatebyCountryofUBO 28
II.D 11. Gross Property, Plant, and Equipment ofAffiliates, State byUse 29
Group E. Income Statement
II.E 3. Sales byAffiliates, IndustryofAffiliate byCountryofUBO 30
Group G. Employment and Compensation of Employees
II.G 3. Employment ofAffiliates, IndustryofAffiliatebyCountryofUBO 31
II.G 19. Employment and Manufacturing Employment ofAffiliates, by State 32
DirectInvestment Position andBalance ofPayments Data
Group K. Foreign Direct Investment Position in the United States on a Historical-Cost Basis
ILK 1. Foreign Direct Investment Position in the United States on a Historical-Cost Basis, IndustryofAffiliate
byAccount 33
ILK 2. Foreign Direct Investment Position in the United States on a Historical-Cost Basis, Country ofUBO by
Account 34
ILK 3. Foreign Direct Investment Position in the United States on a Historical-Cost Basis, IndustryofAffiliate
byCountryofUBO 35
Group L. Change in Foreign Direct Investment Position in the United States
ILL 1. Change in the Foreign Direct Investment Position in the United States on a Historical-Cost Basis,
Industry ofAffihate byAccount 36
ILL 2. Change in the Foreign Direct Investment Position in the United States on a Historical-Cost Basis,
Country ofUBO byAccount 37
ILL 3. Direct Investment Capital Inflows, IndustryofAffiliate by CountryofUBO 38
VI
Group M. Direct Investment Income
II.M 1. Direct Investment Income, IndustryofAffiliate byComponent 39
II.M 2. Direct Investment Income, CountryofUBO byComponent 40
II.M 3. Direct Investment Income, IndustryofAffiliatebyCountryofUBO 41
Group N. Direct Investment Royalties and License Fees and Charges for Other Services
II.N 1. Direct Investment Royalties and License Fees and Charges for Other Private Services, Payments and
Receipts byAffiliates, byIndustryofAffiHate 42
II.N 2. Direct Investment Royalties and License Fees and Charges for Other Private Services, Payments and
Receipts byAffihates, by IndustryofAffiliate 43
II.N 3. Service Charges, Payments and ReceiptsbyU.S. Affiliates, MajorIndustryofAffiliateandMajorArea of
UBO byType 44
Part III: Majority-Owned Nonbank Affiliates
Group A. Selected Data
III.A L Selected Financial and Operating Data ofAffiliates 47
III.A 2. Selected Financial and Operating Data ofAffiliates, by Industry ofAffiliate 48
III.A 3. Selected Financial and Operating Data ofAffiliates, by Country ofUBO 51
III.A 4. Number ofAffiliates, IndustryofAffiliate by Employment Size Class 53
III.A 5. Number ofAffiliates, CountryofUBO byEmployment Size Class 56
III.A 6. Selected Financial and Operating Data ofAffiliates, byIndustryofUBO 57
III.A 7. Selected Financial and Operating Data ofAffiliates, byCountryofUBO and CountryofForeign Parent 58
III.A 8. Sales and Employment ofAffiliates, by IndustryofAffiliate and Industry ofSales 59
III.A 10. Number ofAffiliates With Property, Plant, and Equipment or Employment, State byCountry ofUBO 62
Group B. Balance Sheet
—
III.B 1. Balance Sheet ofAffiliates—Assets, IndustryofAffiliate byAccount 63
III.B 2. Balance Sheet ofAffiliates—Liabilities and Owners' Equity, IndustryofAffiliate byAccount 64
III.B 3. Balance Sheet ofAffiliates—Assets, CountryofUBO byAccount 65
III.B 4. Balance Sheet ofAffiliates Liabilities and Owners' Equity, CountryofUBO byAccount 66
III.B 5. TotalAssets ofAffiliates, IndustryofAffiliate byCountryofUBO 67
III.B 6. TotalAssets ofAffiliates, Country ofUBO by IndustryofAffiliate 68
UBO
III.B 7. TotalAssets ofAffiliates, IndustryofAffiliate by Industryof 69
III.B 8. Total Assets ofAffiliates, CountryofUBO by IndustryofUBO 71
III.B 9. Owners' EquityofAffiliates, Industry ofAffiliate by CountryofUBO 72
Group C. Composition of External Financial Position
III.C 1. External Financial Position ofAffiliates, Selected IndustryofAffiliate and TransactorbyAccount 73
III.C 2. External Financial Position ofAffiliates That Have UBOs in Canada, Selected IndustryofAffiliate and
Transactor byAccount 74
III.C 3. External Financial Position ofAffiliates That Have UBOs in France, Selected IndustryofAffiliate and
Transactor byAccount 75
III.C 4. External Financial Position ofAffiliates That Have UBOs in Germany, Selected IndustryofAffiliate and
Transactor byAccount 76
III.C 5. External Financial Position ofAffiliates That Have UBOs in Netherlands, Selected IndustryofAffiliate
andTransactorbyAccount 77
vtt
III.C 6. External Financial Position ofAffiliates That Have UBOs in Switzerland, Selected IndustryofAffiliate
and TransactorbyAccount 78
III.C 7. External Financial Position ofAffiliates That Have UBOs in The United Kingdom, Selected Industryof
Affiliate and TransactorbyAccount 79
III.C 8. External Financial Position ofAffiliates That Have UBOs in lapan, Selected IndustryofAffiliate and
TransactorbyAccount 80
Group D. Property, Plant, and Equipment
III.D 1. Gross Property, Plant, and Equipment ofAffiliates, IndustryofAffiliate byType 81
III.D 2. Gross Property, Plant, and Equipment ofAffiliates, CountryofUBO byType 82
III.D 3. Gross Property, Plant, and Equipment ofAffihates, IndustryofAffiliate by CountryofUBO 83
III.D 4. Gross BookValue ofLand, IndustryofAffiliate byCountryofUBO 84
III.D 5. Gross Plant and Equipment, Industry ofAffiliate byCountryofUBO 85
III.D 6. OpeningandClosingBalances, andChangebyAccount, inProperty, Plant, andEquipment ofAffiliates,
by IndustryofAffiliate 86
III.D 7. OpeningandClosingBalances, andChangebyAccount, in Property, Plant, andEquipmentofAffihates,
by CountryofUBO 87
III.D 8. Net Property, Plant, and Equipment ofAffiliates, IndustryofAffiliatebyCountryofUBO 88
III.D 9. Gross Property, Plant, and Equipment ofAffiliates, Industry ofAffiliate byUse 89
III.D 10. Gross Property, Plant, and Equipment ofAffiliates, Country ofUBO byUse 90
III.D 11. Gross Property, Plant, and Equipment ofAffihates, State byUse 91
III.D 12. Gross Property, Plant, and Equipment ofAffiliates, State byIndustryofAffiliate 92
III.D 13. Gross Property, Plant, and Equipment ofAffiliates, State by CountryofUBO 93
III.D 14. Gross Property, Plant, and Equipment ofAffiliates, State by IndustryofUBO 94
III.D 15. Commercial PropertyofAffiliates, Industry ofAffiliate byCountryofUBO 95
III.D 16. Commercial PropertyofAffihates, State byIndustryofAffiliate 96
III.D 17. Commercial PropertyofAffiliates, State byCountryofUBO 97
III.D 18. NumberofAffiliateswith Property, Plant, andEquipment, StatebyProperty, Plant, andEquipmentSize
Class 98
III.D 19. Number ofAffiliates with Property, Plant, and Equipment, State byUse 99
III.D 20. Property, Plant, and Equipment Expenditures byAffiliates, IndustryofAffiliate byType ofExpenditure 100
III.D 21. Property, Plant, and EquipmentExpenditures byAffiliates, CountryofUBO byType ofExpenditure.... 101
III.D 22. Property, Plant, and Equipment Expenditures byAffiliates, IndustryofAffiliate byCountryofUBO 102
III.D 23. Expenditures for New Plant and Equipment byAffihates, IndustryofAffihatebyCountryofUBO 103
III.D 24. Land Owned byAffiliates, by Industry ofAffiliate 104
III.D 25. Land Owned byAffiliates, byCountryofUBO 105
Group E. Income Statement
III.E 1. Income Statement ofAffiliates, IndustryofAffiliatebyAccount 106
III.E 2. Income Statement ofAffiliates, CountryofUBO byAccount 107
III.E 3. Sales byAffiliates, IndustryofAffiliate byCountry ofUBO 108
III.E 4. Sales byAffiliates, CountryofUBO byIndustryofAffiliate 109
III.E 5. Sales byAffiliates, IndustryofAffiliate, byIndustryofUBO 110
III.E 6. Sales byAffiliates, CountryofUBO by IndustryofUBO 112
III.E 7. Sales byAffiliates, IndustryofSalesby Industry ofAffiliate 113
III.E 8. Sales byAffiliates, Industry ofSales byCountry ofUBO 117
Vlll