HP 2010 Annual Report Download - page 74
Download and view the complete annual report
Please find page 74 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.-
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
Management’s Discussion and Analysis of
Financial Condition and Results of Operations (Continued)
Funding Commitments
In fiscal 2011, we expect to contribute approximately $817 million to our pension and
post-retirement plan funding. Our funding policy is to contribute cash to our pension plans so that we
meet at least the minimum contribution requirements, as established by local government, funding and
taxing authorities. Funding for the years following 2011 would be based on the then current market
conditions, actuarial estimates and plan funding status. See Note 16 to the Consolidated Financial
Statements in Item 8, which is incorporated herein by reference, for additional information on pension
activity.
As a result of our approved restructuring plans, we expect future cash expenditures of
approximately $2.1 billion. We expect to make cash payments of approximately $1.4 billion in fiscal
2011 with remaining cash payments through 2016. See Note 8 to the Consolidated Financial Statements
in Item 8, which is incorporated herein by reference, for additional information on restructuring
activities.
Guarantees and Indemnifications
See Note 12 to the Consolidated Financial Statements in Item 8, which is incorporated herein by
reference, for additional information on liabilities that may arise from guarantees and indemnifications.
Litigation and Contingencies
See Note 18 to the Consolidated Financial Statements in Item 8, which is incorporated herein by
reference, for additional information on liabilities that may arise from litigation and contingencies.
Off-Balance Sheet Arrangements
As part of our ongoing business, we have not participated in transactions that generate material
relationships with unconsolidated entities or financial partnerships, such as entities often referred to as
structured finance or special purpose entities (‘‘SPEs’’), which would have been established for the
purpose of facilitating off-balance sheet arrangements or other contractually narrow or limited
purposes. As of October 31, 2010, we are not involved in any material unconsolidated SPEs.
66