HP 2014 Annual Report Download - page 161

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HEWLETT-PACKARD COMPANY AND SUBSIDIARIES
Notes to Consolidated Financial Statements (Continued)
Note 13: Stockholders’ Equity (Continued)
Share Repurchase Program
HP’s share repurchase program authorizes both open market and private repurchase transactions.
In fiscal 2014, HP executed share repurchases of 92 million shares which were settled for $2.7 billion
and included 7 million shares expected to settle in the first quarter of fiscal 2015. In fiscal 2013, HP
executed share repurchases of 77 million shares which were settled for $1.5 billion. In fiscal 2012, HP
executed share repurchases of 67 million shares which were settled for $1.6 billion. The shares
repurchased and settled in fiscal 2014, fiscal 2013 and fiscal 2012 were all open market repurchase
transactions. As of October 31, 2014, HP had remaining authorization of $4.9 billion for future share
repurchases under the $10.0 billion repurchase authorization approved by HP’s Board of Directors on
July 21, 2011.
Taxes related to Other Comprehensive (Loss) Income
For the fiscal years ended
October 31
2014 2013 2012
In millions
Tax (provision) benefit on change in unrealized gains on available-for-sale
securities:
Tax (provision) benefit on unrealized gains arising during the period ...... $ (1) $ (14) $ 25
(1) (14) 25
Tax (provision) benefit on change in unrealized gains (losses) on cash flow
hedges:
Tax (provision) benefit on unrealized gains (losses) arising during the period (174) 97 (137)
Tax (benefit) provision on losses (gains) reclassified into earnings ......... (18) (49) 143
(192) 48 6
Tax benefit (provision) on change in unrealized components of defined benefit
plans:
Tax benefit (provision) on (losses) gains arising during the period ......... 181 (258) 261
Tax benefit on amortization of actuarial loss and prior service benefit ...... (18) (35) (31)
Tax provision on curtailments, settlements and other .................. (9) (5) (48)
154 (298) 182
Tax (provision) benefit on change in cumulative translation adjustment ...... (27) 25 (25)
Tax (provision) benefit on other comprehensive (loss) income .......... $ (66) $(239) $ 188
153