HP 2014 Annual Report Download - page 177
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HEWLETT-PACKARD COMPANY AND SUBSIDIARIES
Notes to Consolidated Financial Statements (Continued)
Note 17: Commitments (Continued)
As of October 31, 2014, future minimum lease commitments were as follows:
Operating Lease
In millions
Fiscal year
2015 ............................................................. $ 744
2016 ............................................................. 555
2017 ............................................................. 416
2018 ............................................................. 308
2019 ............................................................. 237
Thereafter ........................................................ 804
Less: Sublease rental income ......................................... (63)
Total ......................................................... $3,001
Unconditional Purchase Obligations
At October 31, 2014, HP had unconditional purchase obligations of approximately $2.1 billion.
These unconditional purchase obligations include agreements to purchase goods or services that are
enforceable and legally binding on HP and that specify all significant terms, including fixed or
minimum quantities to be purchased, fixed, minimum or variable price provisions and the approximate
timing of the transaction. These unconditional purchase obligations are related principally to inventory
and other items. Unconditional purchase obligations exclude agreements that are cancelable without
penalty.
As of October 31, 2014, future unconditional purchase obligations were as follows:
2015 2016 2017 2018 2019 Thereafter Total
In millions
Unconditional purchase obligations ............... $1,383 $289 $229 $212 $— $— $2,113
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