HP 2010 Annual Report Download - page 103

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HEWLETT-PACKARD COMPANY AND SUBSIDIARIES
Notes to Consolidated Financial Statements (Continued)
Note 4: Balance Sheet Details
Balance sheet details were as follows for the following fiscal years ended October 31:
Accounts and Financing Receivables
2010 2009
In millions
Accounts receivable ............................................... $19,006 $17,166
Allowance for doubtful accounts ..................................... (525) (629)
$18,481 $16,537
Financing receivables ............................................. $ 3,050 $ 2,723
Allowance for doubtful accounts ..................................... (64) (48)
$ 2,986 $ 2,675
HP has revolving trade receivables based facilities permitting it to sell certain trade receivables to
third parties on a non-recourse basis. The aggregate maximum capacity under these programs was
$524 million as of October 31, 2010. HP sold $1,753 million of trade receivables during fiscal 2010. As
of October 31, 2010, HP had $175 million available under these programs.
Inventory
2010 2009
In millions
Finished goods .................................................... $4,431 $4,092
Purchased parts and fabricated assemblies ................................ 2,035 2,036
$6,466 $6,128
Other Current Assets
2010 2009
In millions
Deferred tax assets—short-term ...................................... $ 5,833 $ 4,979
Value added taxes receivable from various governments ..................... 3,366 2,650
Supplier and other receivables ....................................... 2,737 3,439
Prepaid and other current assets ..................................... 3,381 2,797
$15,317 $13,865
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