HP 2009 Annual Report Download - page 147
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HEWLETT-PACKARD COMPANY AND SUBSIDIARIES
Notes to Consolidated Financial Statements (Continued)
Note 16: 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, 2009 and October 31, 2008 were as follows:
U.S. Defined Non-U.S. Defined Post-Retirement
Benefit Plans Benefit Plans Benefit Plans
2009 2008 2009 2008 2009 2008
In millions
Non-current assets ..................... $ 965 $ 811 $ 101 $ 748 $ — $ —
Current liability ....................... (29) (37) (38) (48) (43) (70)
Non-current liability .................... (2,599) (1,109) (2,882) (1,623) (597) (620)
Net amount recognized .................. $(1,663) $ (335) $(2,819) $ (923) $(640) $(690)
The following table summarizes the pretax net experience loss and prior service benefit recognized
in accumulated other comprehensive income for the company’s defined benefit and post-retirement
benefit plans as of October 31, 2009.
U.S. Defined Non-U.S. Defined Post-Retirement
Benefit Plans Benefit Plans Benefit Plans
In millions
Net experience loss ...................... $669 $3,275 $ 146
Prior service benefit ..................... — (95) (503)
Total recognized in accumulated other
comprehensive loss .................... $669 $3,180 $(357)
The following table summarizes the experience loss and prior service 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 loss ...................... $27 $226 $21
Prior service benefit ..................... — (10) (80)
Total to be recognized in accumulated other
comprehensive (income) loss ............. $27 $216 $(59)
140