HP 2014 Annual Report Download - page 143
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HEWLETT-PACKARD COMPANY AND SUBSIDIARIES
Notes to Consolidated Financial Statements (Continued)
Note 9: Acquisitions, Goodwill and Intangible Assets
Acquisitions
In fiscal 2014, HP completed two acquisitions with a combined purchase price of $55 million, of
which $12 million was recorded as goodwill and $25 million was recorded as intangible assets related to
these acquisitions. In fiscal 2013, MphasiS Limited, a majority-owned subsidiary of HP, acquired Digital
Risk LLC for $174 million. HP recorded $112 million of goodwill and $48 million of intangible assets
related to this acquisition.
Goodwill
Goodwill allocated to HP’s reportable segments and changes in the carrying amount of goodwill
were as follows:
HP
Personal Enterprise Enterprise Financial Corporate
Systems Printing Group Services(3) Software Services Investments Total
In millions
Balance at October 31,
2012(1)(2) ............... $2,588 $2,591 $16,825 $ — $8,921 $144 $— $31,069
Goodwill acquired during the
period ................. — — — 112 — — — 112
Goodwill adjustments ....... — — 39 (15) (81) — — (57)
Balance at October 31,
2013(1)(2) ............... $2,588 $2,591 $16,864 $ 97 $8,840 $144 $— $31,124
Goodwill acquired during the
period ................. — — — — 12 — — 12
Goodwill adjustments ....... — — 3 — — — — 3
Balance at October 31, 2014(1) . $2,588 $2,591 $16,867 $ 97 $8,852 $144 $— $31,139
(1) Goodwill is net of accumulated impairment losses of $14.5 billion. Of that amount, $8.0 billion
relates to the ES segment, $5.7 billion relates to Software, and the remaining $0.8 billion relates to
Corporate Investments.
(2) Effective at the beginning of its first quarter of fiscal 2014, HP implemented certain organizational
changes to align its segment financial reporting more closely with its current business structure. As
a result of these organizational realignments, HP transferred $126 million of goodwill related to
the transfer of the Printing spare and replacement parts business from the EG segment to the
Printing segment, $48 million of goodwill related to the transfer of the Personal Systems spare and
replacement parts business from the EG segment to the Personal Systems segment, $42 million of
goodwill related to the transfer of the Personal Systems trade and warranty support business from
the EG segment to the Personal Systems segment and $22 million of goodwill related to the
transfer of the HP Exstream business from the Printing segment to the Software segment. See
Note 2 for a full description of the segment realignments.
(3) Goodwill relates to the MphasiS Limited reporting unit.
135