HP 2006 Annual Report Download - page 105
Download and view the complete annual report
Please find page 105 of the 2006 HP annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
1 -
2
-
3
-
4
-
5
-
6
-
7
-
8
-
9
-
10
-
11
-
12
-
13
-
14
-
15
-
16
-
17
-
18
-
19
-
20
-
21
-
22
-
23
-
24
-
25
-
26
-
27
-
28
-
29
-
30
-
31
-
32
-
33
-
34
-
35
-
36
-
37
-
38
-
39
-
40
-
41
-
42
-
43
-
44
-
45
-
46
-
47
-
48
-
49
-
50
-
51
-
52
-
53
-
54
-
55
-
56
-
57
-
58
-
59
-
60
-
61
-
62
-
63
-
64
-
65
-
66
-
67
-
68
-
69
-
70
-
71
-
72
-
73
-
74
-
75
-
76
-
77
-
78
-
79
-
80
-
81
-
82
-
83
-
84
-
85
-
86
-
87
-
88
-
89
-
90
-
91
-
92
-
93
-
94
-
95 -
96 -
97 -
98 -
99 -
100 -
101 -
102 -
103 -
104 -
105 -
106 -
107 -
108 -
109 -
110 -
111 -
112 -
113 -
114 -
115 -
116
-
117
-
118
-
119
-
120
-
121
-
122
-
123
-
124
-
125
-
126
-
127
-
128
-
129
-
130
-
131
-
132
-
133
-
134
-
135
-
136
-
137
-
138
-
139
-
140
-
141
-
142
-
143
-
144
-
145
-
146
-
147
-
148
-
149
-
150
-
151
-
152
-
153
-
154
-
155
-
156
-
157
-
158
-
159
-
160
-
161
-
162
-
163
-
164
-
165
-
166
-
167
-
168
 |
 |
HEWLETT-PACKARD COMPANY AND SUBSIDIARIES
Notes to Consolidated Financial Statements (Continued)
Note 8: 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 2006:
As of October 31, 2006
Fiscal Fiscal year Fiscal year
year Non-cash 2005 costs 2004 costs Total Total
Balance, 2006 settlements Balance, and and costs and expected
October 31, charges Goodwill Cash and other October 31, goodwill goodwill adjustments costs and
2005 (reversals) adjustments payments adjustments 2006 adjustments adjustments to date adjustments
In millions
Fiscal 2005 plans:
Employee severance and other
benefits charges (by segment)
Enterprise Storage and Servers . . $ 78 $ 106 $ 184 $ 185
HP Services ............ 30 555 585 585
Software .............. 17 39 56 56
Personal Systems Group ...... (1) 61 60 60
Imaging and Printing Group . . . (21) 175 154 154
HP Financial Services ....... 2 31 33 33
Other infrastructure ........ 1 707 708 709
Total employee severance and other
benefits ............... $1,044 $106 $ — $(747) $118 $521 $1,674 $ — $1,780 $1,782
Fiscal 2003 Plan ............. $ 24 $ 4 $— $(14) $— $14 $ (10) $37 $ 783 $ 783
Fiscal 2002 and 2001 plans ....... 124 48 (25) (49) 5 103 (24) 4 3,339 3,339
Total restructuring plans ........ $1,192 $158 $(25) $(810) $123 $638 $1,640 $ 41 $5,902 $5,904
At October 31, 2006 and October 31, 2005, HP included the long-term portion of the restructuring
liability of $91 million and $73 million, respectively, in Other Liabilities in the accompanying
Consolidated Balance Sheets.
Note 9: Financial Instruments
Investments in Debt and Equity Securities
Investments in available-for-sale debt and equity securities at fair value were as follows for the
following fiscal years ended October 31:
2006 2005
Gross Gross Gross Gross
Unrealized Unrealized Estimated Unrealized Unrealized Estimated
Cost Gains Losses Fair Value Cost Gains Losses Fair Value
In millions
Available-for-Sale Securities
Debt securities:
Time deposits .............. $ 2 $— $— $ 2 $ 3 $— $— $ 3
Corporate debt ............. 20 — — 20 15 — — 15
Other debt securities ......... 21 — (1) 20 18 — — 18
Total debt securities ........... 43 — (1) 42 36 — — 36
Equity securities in public
companies ................ 13 23 — 36 30 38 (4) 64
$56 $23 $(1) $78 $66 $38 $(4) $100
101