HP 2014 Annual Report Download - page 136
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HEWLETT-PACKARD COMPANY AND SUBSIDIARIES
Notes to Consolidated Financial Statements (Continued)
Note 7: Balance Sheet Details (Continued)
The allowance for doubtful accounts related to accounts receivable and changes were as follows:
As of October 31
2014 2013 2012
In millions
Balance at beginning of year ................................... $332 $464 $470
Provision for doubtful accounts ................................. 25 23 100
Deductions, net of recoveries ................................... (125) (155) (106)
Balance at end of year ........................................ $232 $332 $464
HP has third-party revolving short-term financing arrangements intended to facilitate the working
capital requirements of certain customers. In the second quarter of fiscal 2014, HP expanded its
revolving short-term financing arrangements, adding $1.6 billion of capacity. The maximum, utilized and
available program capacity under these revolving short-term financing arrangements was as follows:
As of October 31
2014 2013
In millions
Non-recourse arrangements:
Maximum program capacity ........................................ $1,083 $ 764
Utilized capacity(1) ............................................... (613) (314)
Available capacity ............................................... $ 470 $ 450
Partial-recourse arrangements:
Maximum program capacity ........................................ $1,877 $ 631
Utilized capacity(1) ............................................... (1,500) (454)
Available capacity ............................................... $ 377 $ 177
Total arrangements:
Maximum program capacity ........................................ $2,960 $1,395
Utilized capacity(1) ............................................... (2,113) (768)
Available capacity ............................................... $ 847 $ 627
(1) Utilized capacity represents the receivables sold to third parties, but not collected from the
customer by the third parties. Transferred trade receivables included in the utilized capacity that
HP has not collected from third parties are as follows:
As of
October 31
2014 2013
In millions
Non-recourse arrangements .......................................... $ 78 $ 54
Partial-recourse arrangements ........................................ 381 118
Total arrangements ................................................ $459 $172
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