Judge Pollack said about $2 billion would remain for creditors and other parties after expenses and reorganization costs were deducted.

For the year, excluding reorganization costs, P.& G. earned $4.14 billion, or $2.58 a share, a 10 percent increase.

Standard & Poor's put the reorganization cost at $700 million or more.

In addition to the reorganization costs, Shearson also took a charge of $157 million to cover the cost of a significant accounting claim.

Ikon has experienced operating losses and reorganization costs.

Aon said a large part of its reorganization costs would go toward severance payments as it trims its global staff of 50,000.

Executives said that fourth-quarter earnings could be hurt by reorganization costs and increased marketing expenditures.

Offsetting this benefit were charges of $48 million relating to provisions for environmental programs, reorganization costs and write-off of a chemical plant.

To cover the reorganization costs, the company said it would take a one-time after-tax charge of $270 million in the fiscal fourth quarter of 1996.

In the period a year earlier, the company posted a net loss of $783.5 million, or $4.65 a share, because of reorganization costs.