HP 2005 Annual Report Download - page 97

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HEWLETT-PACKARD COMPANY AND SUBSIDIARIES
Notes to Consolidated Financial Statements (Continued)
Note 7: Restructuring Charges (Continued)
Summary of Restructuring Plans
The activity in the accrued restructuring balances related to all of the plans described above was as
follows for fiscal 2005:
As of October 31, 2005
Fiscal year Fiscal year
Non-cash 2004 costs 2003 costs Total Total
Balance, Fiscal year settlements Balance, and and costs and expected
October 31, 2005 charges Goodwill Cash and other October 31, goodwill goodwill adjustments costs and
2004 (reversals) adjustments payments adjustments 2005 adjustments adjustments to date adjustments
In millions
Fiscal 2005 plans:
Employee severance and other
benefits charges (by segment)
Enterprise Storage and Servers . . $ 106 $ 106 $ 106
HP Services ............ 555 555 555
Software . . . ........... 39 39 39
Personal Systems Group . . . . . 61 61 61
Imaging and Printing Group . . . 175 175 175
HP Financial Services . ...... 31 31 31
Other infrastructure . . . ..... 707 707 737
Total employee severance and other
benefits . . . ........... $— $1,674 $ — $(116) $(514) $1,044 $ — $ — $1,674 $1,704
Fiscal 2003 plans:
Employee severance and other
benefits charges (by segment and
other):
Enterprise Storage and Servers . . $ 13 $140 $ 153 $ 153
HP Services ............ 21 328 349 349
Software . . . ........... —13 1313
Personal Systems Group . . . . . (9) (48) 99 42 42
Other infrastructure . . . ..... — 20 59 79 79
Employee severance and other
benefits . . . ........... $57 $ (9) $— $(33) $ (1) $ 14 $ 6 $639 $ 636 $ 636
Infrastructure—asset impairments . . — (3) — — 3 — 6 71 74 74
Infrastructure—other related
restructuring activities . ...... 21 2 — (13) — 10 25 42 69 69
Total 2003 Plan . . . ........ $78 $ (10) $— $(46) $ 2 $ 24 $37 $752 $ 779 $ 779
Fiscal 2002 and 2001 plans ....... 210 20 (44) (85) 23 124 4 (72) 3,291 3,291
Total restructuring plans . . . ..... $288 $1,684 $(44) $(247) $(489) $1,192 $ 41 $680 $5,744 $5,774
At October 31, 2005 and October 31, 2004, HP included the long-term portion of the restructuring
liability of $73 million and $95 million, respectively, in Other Liabilities in the accompanying
Consolidated Balance Sheets.
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