HP 2010 Annual Report Download - page 105

HEWLETT-PACKARD COMPANY AND SUBSIDIARIES
Notes to Consolidated Financial Statements (Continued)
Note 4: Balance Sheet Details (Continued)
Other Liabilities
2010 2009
In millions
Pension, post-retirement, and post-employment liabilities .................... $ 6,754 $ 6,427
Deferred tax liability—long-term ..................................... 5,239 4,230
Long term deferred revenue ........................................ 3,303 3,249
Other long-term liabilities .......................................... 3,765 3,146
$19,061 $17,052
Note 5: Supplemental Cash Flow Information
Supplemental cash flow information to the Consolidated Statements of Cash Flows was as follows
for the following fiscal years ended October 31:
2010 2009 2008
In millions
Cash paid for income taxes, net .................................. $1,293 $643 $1,136
Cash paid for interest ......................................... $ 384 $572 $ 426
Non-cash investing and financing activities:
Issuance of common stock and stock awards assumed in business
acquisitions .............................................. $ 93 $ — $ 316
Purchase of assets under financing arrangements .................... $ — $283 $ —
Purchase of assets under capital leases ............................ $ 122 $131 $ 30
Note 6: Acquisitions
Acquisitions in fiscal 2010
In fiscal 2010, HP completed eleven acquisitions. The purchase price allocation for these
acquisitions as set forth in the table below reflects various preliminary fair value estimates and analyses,
including preliminary work performed by third-party valuation specialists, which are subject to change
within the measurement period as valuations are finalized. The primary areas of the preliminary
purchase price allocations that are not yet finalized relate to the fair values of certain tangible assets
and liabilities acquired, the valuation of intangible assets acquired, certain legal matters, income and
non-income based taxes, and residual goodwill. We expect to continue to obtain information to assist us
in determining the fair value of the net assets acquired at the acquisition date during the measurement
period. Measurement period adjustments that HP determines to be material will be applied
retrospectively to the period of acquisition in HP’s consolidated financial statements and, depending on
the nature of the adjustments, other periods subsequent to the period of acquisition could also be
affected.
Pro forma results of operations for these acquisitions have not been presented because they are
not material to HP’s consolidated results of operations, either individually or in the aggregate.
Goodwill, which represents the excess of the purchase price over the net tangible and intangible assets
acquired, is not deductible for tax purposes.
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