HP 2009 Annual Report Download - page 141
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HEWLETT-PACKARD COMPANY AND SUBSIDIARIES
Notes to Consolidated Financial Statements (Continued)
Note 15: Stockholders’ Equity (Continued)
Comprehensive Income
The changes in the components of other comprehensive income, net of taxes, were as follows for
the following fiscal years ended October 31:
2009 2008 2007
In millions
Net earnings .............................................. $7,660 $8,329 $7,264
Net change in unrealized gains/losses on available-for-sale securities:
Change in net unrealized gains (losses), net of tax of $11 million in fiscal
2009, net of tax benefit of $7 million in fiscal 2008 and net of tax of
$2 million in fiscal 2007 ................................... 17 (17) 2
Net unrealized (gains) losses reclassified into earnings, with no tax effect
in fiscal 2009 and fiscal 2008, and net of tax benefit of $7 million in
fiscal 2007 ............................................. (1) 1 (14)
16 (16) (12)
Net change in unrealized gains/losses on cash flow hedges:
Change in net unrealized (losses) gains, net of tax benefit of $94 million
in fiscal 2009, net of tax of $468 million in fiscal 2008 and net of tax
benefit of $37 million in fiscal 2007 .......................... (163) 808 (63)
Net unrealized (gains) losses reclassified into earnings, net of tax of
$468 million in fiscal 2009, net of tax benefit of $34 million in fiscal
2008 and net of tax of $26 million in fiscal 2007 ................. (808) 58 45
(971) 866 (18)
Net change in cumulative translation adjustment, net of tax of $227 million
in fiscal 2009, net of tax benefit of $476 million in fiscal 2008 and net of
tax of $37 million in fiscal 2007 ............................... 304 (936) 106
Net change in unrealized components of defined benefit plans, net of tax
benefit of $905 million in fiscal 2009, $42 million in fiscal 2008 and
$1 million in fiscal 2007 .................................... (2,531) (538) (3)
Comprehensive income ...................................... $4,478 $7,705 $7,337
The components of accumulated other comprehensive (loss) income, net of taxes, were as follows
for the following fiscal years ended October 31:
2009 2008 2007
In millions
Net unrealized gain (loss) on available-for-sale securities .............. $ 4 $ (12) $ 4
Net unrealized (loss) gain on cash flow hedges ..................... (169) 802 (64)
Cumulative translation adjustment .............................. (459) (763) 173
Unrealized components of defined benefit plans .................... (2,623) (92) 446
Accumulated other comprehensive (loss) income .................... $(3,247) $ (65) $ 559
134