HP 2011 Annual Report Download - page 104
Download and view the complete annual report
Please find page 104 of the 2011 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
-
181
-
182
 |
 |
HEWLETT-PACKARD COMPANY AND SUBSIDIARIES
Notes to Consolidated Financial Statements (Continued)
Note 4: Balance Sheet Details
Balance sheet details were as follows for the following fiscal years ended October 31:
Accounts and Financing Receivables
2011 2010
In millions
Accounts receivable ............................................... $18,694 $19,006
Allowance for doubtful accounts ..................................... (470) (525)
$18,224 $18,481
Financing receivables ............................................. $ 3,220 $ 3,050
Allowance for doubtful accounts ..................................... (58) (64)
$ 3,162 $ 2,986
HP has revolving trade receivables-based facilities permitting it to sell certain trade receivables to
third parties. In accordance with the accounting requirements under the Accounting Standards
Codification relating to ‘‘Transfers and Servicing,’’ trade receivables are derecognized from the
Consolidated Balance Sheet when sold to third parties. The total aggregate capacity of the facilities was
$1.5 billion as of October 31, 2011, including a $1.0 billion partial recourse facility entered into in
May 2011 and an aggregate capacity of $0.5 billion in non-recourse facilities. The recourse obligation is
measured using market data from similar transactions and reported as a current liability in the
Consolidated Balance Sheet. The recourse obligation as of October 31, 2011 was not material.
For fiscal 2011 and 2010, trade receivables sold under these facilities were $2.8 billion and
$1.7 billion, respectively, which approximates the amount of cash received. The resulting losses on the
sales of trade accounts receivable for the twelve months ended October 31, 2011 were not material. HP
had $701 million as of October 31, 2011 and $175 million as of October 31, 2010 available under these
programs.
Inventory
2011 2010
In millions
Finished goods .................................................... $4,869 $4,431
Purchased parts and fabricated assemblies ................................ 2,621 2,035
$7,490 $6,466
96