HP 2010 Annual Report Download - page 115

Download and view the complete annual report

Please find page 115 of the 2010 HP annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 180

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152
  • 153
  • 154
  • 155
  • 156
  • 157
  • 158
  • 159
  • 160
  • 161
  • 162
  • 163
  • 164
  • 165
  • 166
  • 167
  • 168
  • 169
  • 170
  • 171
  • 172
  • 173
  • 174
  • 175
  • 176
  • 177
  • 178
  • 179
  • 180

HEWLETT-PACKARD COMPANY AND SUBSIDIARIES
Notes to Consolidated Financial Statements (Continued)
Note 9: Fair Value (Continued)
investment securities classified as available-for-sale with changes in fair value recorded in other
comprehensive income (‘‘OCI’’).
Fair Value Measured Using
Significant Unobservable Inputs
(Level 3)
Other Debt Derivative
Securities Instruments Total
In millions
Beginning balance at November 1, 2009 ........................ $36 $— $36
Total (losses) gains (realized/unrealized):
Included in earnings(1) ................................. (8) 2 (6)
Included in OCI ...................................... 14 67 81
Purchases, issuances, and settlements ........................ 8 (41) (33)
Ending balance at October 31, 2010 ........................... $50 $28 $78
The amount of total losses for the period included in earnings
attributable to the change in unrealized losses relating to assets still
held as of October 31, 2010 ............................... $(8) $ 2 $ (6)
(1) Included in Interest and other, net in the accompanying Consolidated Statements of Earnings.
Fair Value Measured Using
Significant Unobservable Inputs
(Level 3)
Other Debt Derivative
Securities Instruments Total
In millions
Beginning balance at November 1, 2008 ........................ $64 $(1) $63
Total (losses) gains (realized/unrealized):
Included in earnings(1) ................................. (2) 2 —
Included in OCI ...................................... (25) (2) (27)
Purchases, issuances, and settlements ........................ (1) 1 —
Ending balance at October 31, 2009 ........................... $36 $— $36
The amount of total losses for the period included in earnings
attributable to the change in unrealized losses relating to assets still
held as of October 31, 2009 ............................... $ (2) $— $ (2)
(1) Included in Interest and other, net in the accompanying Consolidated Statements of Earnings.
HP measures certain assets including cost and equity method investments at fair value on a
non-recurring basis. These assets are recognized at fair value when they are deemed to be
other-than-temporarily impaired. In fiscal years 2010 and 2009, HP recorded an impairment charge of
$5 million and $22 million, respectively.
107