HP 2012 Annual Report Download - page 120
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HEWLETT-PACKARD COMPANY AND SUBSIDIARIES
Notes to Consolidated Financial Statements (Continued)
Note 8: Restructuring Charges (Continued)
Summary of Restructuring Plans
The adjustments to the accrued restructuring expenses related to all of HP’s restructuring plans
described above for the twelve months ended October 31, 2012 were as follows:
As of October 31, 2012
Other
adjustments Total Total
Balance, Fiscal and Balance, costs and expected
October 31, year 2012 Cash non-cash October 31, adjustments costs and
2011 charges payments settlements 2012 to date adjustments
Fiscal 2012 Plan
Severance and EER ......... $— $1,985 $(315) $(1,073)(1) $ 597 $1,985 $3,143
Infrastructure and other ...... — 105 (26) (68) 11 105 575
Total 2012 Plan ............ — 2,090 (341) (1,141) 608 2,090 3,718
Fiscal 2010 acquisitions ........ 59 (13) (27) (9) 10 101 101
Fiscal 2010 ES Plan:
Severance ................ 493 (100) (146) (20) 227 623 623
Infrastructure ............. 3 176 (141) (37) 1 369 369
Total ES Plan ............. 496 76 (287) (57) 228 992 992
Fiscal 2009 Plan ............. — 7 (9) 2 — 301 301
Fiscal 2008 HP/EDS Plan:
Severance ................ — 5 (5) — — 2,195 2,195
Infrastructure ............. 258 101 (171) (7) 181 1,075 1,085
Total HP/EDS Plan ......... 258 106 (176) (7) 181 3,270 3,280
Total restructuring plans ....... $813 $2,266 $(840) $(1,212) $1,027 $6,754 $8,392
(1) Includes reclassification of liability related to the EER plan of $833 million for additional pension benefits
and $227 million for certain healthcare and medical savings account benefits to pension and other post
retirement plans as described further in Note 16.
At October 31, 2012 and 2011, HP included the long-term portion of the restructuring liability of
$256 million and $159 million, respectively, in Other liabilities, and the short-term portion of
$771 million and $654 million, respectively, in Accrued restructuring in the accompanying Consolidated
Balance Sheets.
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