HP 2010 Annual Report Download - page 136
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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:
2010 2009 2008
In millions
Net earnings .............................................. $8,761 $ 7,660 $8,329
Net change in unrealized gains (losses) on available-for-sale securities:
Change in net unrealized gains (losses), net of tax of $9 million in fiscal
2010, net of tax of $11 million in fiscal 2009 and net of tax benefit of
$7 million in fiscal 2008 ................................... 16 17 (17)
Net unrealized (gains) losses reclassified into earnings, with no tax effect
in fiscal 2010, fiscal 2009 and fiscal 2008 ....................... — (1) 1
16 16 (16)
Net change in unrealized gains (losses) on cash flow hedges:
Unrealized gains (losses) recognized in OCI, net of tax of $119 million in
fiscal 2010, net of tax benefit of $362 million in fiscal 2009 and net of
tax of $468 million in fiscal 2008 ............................ 250 (540) 808
(Gains) losses reclassified into income, net of tax of $149 million in fiscal
2010, net of tax of $187 million in fiscal 2009 and net of tax benefit of
$34 million in fiscal 2008 .................................. (282) (431) 58
(32) (971) 866
Net change in cumulative translation adjustment, net of tax of $31 million
in fiscal 2010, net of tax of $227 million in fiscal 2009 and net of tax
benefit of $476 million in fiscal 2008 ........................... 28 304 (936)
Net change in unrealized components of defined benefit plans, net of tax
benefit of $83 million in fiscal 2010, $905 million in fiscal 2009 and
$42 million in fiscal 2008 .................................... (602) (2,531) (538)
Comprehensive income ...................................... $8,171 $ 4,478 $7,705
The components of accumulated other comprehensive loss, net of taxes, were as follows for the
following fiscal years ended October 31:
2010 2009 2008
In millions
Net unrealized gain (loss) on available-for-sale securities .............. $ 20 $ 4 $ (12)
Net unrealized (loss) gain on cash flow hedges ..................... (201) (169) 802
Cumulative translation adjustment .............................. (431) (459) (763)
Unrealized components of defined benefit plans .................... (3,225) (2,623) (92)
Accumulated other comprehensive loss ........................... $(3,837) $(3,247) $ (65)
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