HP 2010 Annual Report Download - page 141

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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 medical cost and related assumptions used to calculate the net post-retirement benefit cost for
the following fiscal years ended October 31 were as follows:
2010(1) 2009 2008
Current medical cost trend rate ................................... — 9.5% 7.5%
Ultimate medical cost trend rate .................................. — 5.5% 5.5%
Year the medical cost rate reaches ultimate trend rate ................... — 2013 2010
(1) In connection with the plan changes announced in November 2008, the employer subsidy for the
U.S. retiree medical plans was ‘‘frozen’’ in fiscal 2010. Therefore, trend rates for 2010 and beyond
are no longer relevant to the liability calculation since any excess cost will be paid by retirees.
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