HP 2007 Annual Report Download - page 119
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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
2007:
As of October 31, 2007
Balance,
October 31,
2006
Fiscal
year 2007
charges
(reversals)
Goodwill
adjustments
Cash
payments
Non-cash
settlements
and other
adjustments
Balance,
October 31,
2007
Total costs
and
adjustments
to date
Total
expected
costs and
adjustments
In millions
Fiscal 2007 U.S. Enhanced Early
Retirement Program
Employee severance and other
benefits charges ................................ $354 $(2) $(352) $— $354 $354
Fiscal 2007 Mercury Plan:
Employee severance and other
benefits charges ................................ $45 $(30) $2 $17 $45 $45
Infrastructure ........................................ 13 (7) 1 7 13 13
Total employee severance and other
benefits charges ................................ $58 $(37) $3 $24 $58 $58
Fiscal 2005 plan....................................... $521 $— $— $(484) $43 $80 $1,780 $1,780
Fiscal 2003, 2002 and 2001 plans ........... 117 33 (10) (83) 12 69 4,145 4,145
Total restructuring plans ........................... $638 $387 $48 $(606) $(294) $173 $6,337 $6,337
At October 31, 2007 and October 31, 2006, HP included the long-term portion of the restructuring liability of
$50 million and $91 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:
2007 2006
Cost
Gross
Unrealized
Gains
Gross
Unrealized
Losses
Estimated
Fair Value Cost
Gross
Unrealized
Gains
Gross
Unrealized
Losses
Estimated
Fair Value
In millions
Available-for-Sale Securities
Debt securities:
Time deposits..................................... $141 $— $— $141 $2 $— $— $2
Commercial paper.............................. 104 — — 104 — — — —
Corporate debt.................................... 11 — — 11 20 — — 20
Other debt securities .......................... 27 —(2) 25 21 — (1) 20
Total debt securities.............................. 283 — (2) 281 43 — (1) 42
Equity securities in public companies... 3 6 — 9 13 23 —36
$286 $6 $(2) $290 $56 $23 $(1) $78
105