I am losing over 4 gigs of free space
Actually there is no lost space, this is just a reporting anomally. Actually it really isn't even so much an anomally as a case of simple conflicting definitions of kB, MB and GB.
The conflict arises from the multiple conflicting definitions of "k" in relation to computer storage quantities. The SI (standard international) definite of "k" is 1000, but for convenience with regard to base 2 arithmetic the computer industry effectively re-difined it as "k" = 1024 when relating to computer storage quantites. (note that 1024 = 2^10, making it far more convenient for base 2 arithmetic than the "true" 1000).
The SI prefixes of M and G were similarly corrupted to mean "1024*1024" and "1024*1024*1024" respectively.
Now HD manufactueres are under no obligation to use the "corrupted" definitions and are quite free to use the standard definitions of k, M and G in there specified/advertised capacities. Thus we have the situation where 1000,000,000 Bytes is equal to 1GB if one takes the SI definition of "G" but a mere 1/1.024^3 = 0.93 GB if you use the computer nerd definition of "G". This is precisely where your apparent lost capacity is rooted.
In particular 81.95/1.024/1.024/1.024 = 76.32, in exact accordance with your quoted figures.
Other comparisions that may be useful to you are :
80,000,000,000 B = 80,000,000 kB = 80,000 MB = 80 GB, if one uses the SI standard defn of k, M and G.
If however one uses the "computer" definition of k, M nd G the above equality becomes
80,000,000,000 B = 78,125,000 kB = 76,294 MB = 74.5 GB