HP 2011 Annual Report Download - page 114
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HEWLETT-PACKARD COMPANY AND SUBSIDIARIES
Notes to Consolidated Financial Statements (Continued)
Note 9: Fair Value (Continued)
The following table presents HP’s assets and liabilities that are measured at fair value on a
recurring basis:
As of October 31, 2011 As of October 31, 2010
Fair Value Fair Value
Measured Using Measured Using
Total Total
Level 1 Level 2 Level 3 Balance Level 1 Level 2 Level 3 Balance
In millions
Assets
Time deposits ................... $— $5,120 $— $5,120 $ — $6,598 $— $6,598
Money market funds ............... 236 — — 236 971 — — 971
Marketable equity securities .......... 120 2 — 122 11 3 — 14
Foreign bonds ................... 7 376 — 383 8 365 — 373
Corporate bonds and other debt securities . 3 2 48 53 3 6 50 59
Derivatives:
Interest rate contracts ............. — 593 — 593 — 735 — 735
Foreign exchange contracts ......... — 269 35 304 — 150 32 182
Other derivatives ................ — 25 6 31 — 5 6 11
Total Assets ................. $366 $6,387 $89 $6,842 $993 $7,862 $88 $8,943
Liabilities
Derivatives:
Interest rate contracts ............. $— $ 71 $— $ 71 $— $ 89 $— $ 89
Foreign exchange contracts ......... — 823 9 832 — 880 10 890
Other derivatives ................ — 1 — 1 — — — —
Total Liabilities ............... $— $ 895 $9 $ 904 $— $ 969 $10 $ 979
106