HP 2008 Annual Report Download - page 145
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HEWLETT-PACKARD COMPANY AND SUBSIDIARIES
Notes to Consolidated Financial Statements (Continued)
Note 15: Retirement and Post-Retirement Benefit Plans (Continued)
The net amounts recognized for HP’s defined benefit and post-retirement benefit plans in HP’s
Consolidated Balance Sheets as of October 31, 2008 and October 31, 2007 were as follows:
U.S. Defined Non-U.S. Defined Post-Retirement
Benefit Plans Benefit Plans Benefit Plans
2008 2007 2008 2007 2008 2007
In millions
Non-current assets ....................... $ 811 $407 $ 748 $1,751 $ — $ —
Current liability ......................... (37) (15) (48) (18) (70) (70)
Non-current liability ...................... (1,109) (116) (1,623) (330) (620) (758)
Net amount recognized .................... $ (335) $ 276 $ (923) $1,403 $(690) $(828)
The following table summarizes the pretax net experience (gain) loss and prior service cost
(benefit) recognized in accumulated other comprehensive income for the company’s defined benefit
and post-retirement benefit plans as of October 31, 2008.
U.S. Defined Non-U.S. Defined Post-Retirement
Benefit Plans Benefit Plans Benefit Plans
In millions
Net experience (gain) loss ................. $(699) $1,190 $ 45
Prior service benefit ..................... (1) (83) (400)
Total recognized in accumulated other
comprehensive (income) loss ............. $(700) $1,107 $(355)
The following table summarizes the experience (gain) loss and prior service cost (benefit) that will
be amortized from accumulated other comprehensive income and recognized as components of net
periodic benefit cost (credit) during the next fiscal year.
U.S. Defined Non-U.S. Defined Post-Retirement
Benefit Plans Benefit Plans Benefit Plans
In millions
Net experience (gain) loss ................. $(53) $78 $ 5
Prior service benefit ..................... — (8) (55)
Total recognized in accumulated other
comprehensive (income) loss ............. $(53) $70 $(50)
139