HP 2011 Annual Report Download - page 106

HEWLETT-PACKARD COMPANY AND SUBSIDIARIES
Notes to Consolidated Financial Statements (Continued)
Note 4: Balance Sheet Details (Continued)
Other Liabilities
2011 2010
In millions
Pension, post-retirement, and post-employment liabilities .................... $ 5,414 $ 6,754
Deferred tax liability—long-term ..................................... 5,163 5,239
Long-term deferred revenue ........................................ 3,453 3,303
Other long-term liabilities .......................................... 3,490 3,765
$17,520 $19,061
Note 5: Supplemental Cash Flow Information
Supplemental cash flow information to the Consolidated Statements of Cash Flows was as follows
for the following fiscal years ended October 31:
2011 2010 2009
In millions
Cash paid for income taxes, net .................................. $1,134 $1,293 $643
Cash paid for interest ......................................... $ 451 $ 384 $572
Non-cash investing and financing activities:
Issuance of common stock and stock awards assumed in business
acquisitions .............................................. $ 23 $ 93 $ —
Purchase of assets under financing arrangements .................... $ — $ — $283
Purchase of assets under capital leases ............................ $ 10 $ 122 $131
Note 6: Acquisitions
Acquisitions in fiscal 2011
In fiscal 2011, HP completed four acquisitions. The estimated fair value of the assets acquired and
liabilities assumed at the acquisition date for all four acquisitions, as set forth in the table below,
reflects various preliminary fair value estimates and analyses, including preliminary work performed by
third-party valuation specialists, which are subject to change within the measurement period as
valuations are finalized. The fair values of certain tangible assets and liabilities acquired, the valuation
of intangible assets acquired, certain legal matters, income and non-income-based taxes, and residual
goodwill are not yet finalized and subject to change. HP expects to continue to obtain information to
assist it in determining the fair value of the net assets acquired at the acquisition date during the
measurement period. Measurement period adjustments that HP determines to be material will be
applied retrospectively to the period of acquisition in HP’s Consolidated Financial Statements and,
depending on the nature of the adjustments, other periods subsequent to the period of acquisition
could also be affected.
Pro forma results of operations for these acquisitions have not been presented because they are
not material to HP’s consolidated results of operations, either individually or in the aggregate.
Goodwill, which represents the excess of the fair value of purchase consideration over the net tangible
and intangible assets acquired, generally is not deductible for tax purposes.
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