HP 2014 Annual Report Download - page 85
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HEWLETT-PACKARD COMPANY AND SUBSIDIARIES
Management’s Discussion and Analysis of
Financial Condition and Results of Operations (Continued)
excluded from the contractual obligations table, because they do not represent contractual cash
outflows and there is uncertainty as to the timing of these payments. For more information on our
restructuring activities, see Note 3 to the Consolidated Financial Statements in Item 8, which is
incorporated herein by reference.
(6) As of October 31, 2014, we had approximately $3.5 billion of recorded liabilities and related
interest and penalties pertaining to uncertain tax positions. These liabilities and related interest
and penalties include $27 million expected to be paid within one year. For the remaining amount,
we are unable to make a reasonable estimate as to when cash settlement with the tax authorities
might occur due to the uncertainties related to these tax matters. Payments of these obligations
would result from settlements with taxing authorities. For more information on our uncertain tax
positions, see Note 6 to the Consolidated Financial Statements in Item 8, which is incorporated
herein by reference.
OFF-BALANCE SHEET ARRANGEMENTS
As part of our ongoing business, we have not participated in transactions that generate material
relationships with unconsolidated entities or financial partnerships, such as entities often referred to as
structured finance or special purpose entities, established for the purpose of facilitating off-balance
sheet arrangements or other contractually narrow or limited purposes.
We have third-party revolving short-term financing arrangements intended to facilitate the working
capital requirements of certain customers. The total aggregate maximum capacity of the financing
arrangements was $3.0 billion as of October 31, 2014, including an aggregate maximum capacity of
$1.1 billion in non-recourse financing arrangements and an aggregate maximum capacity of $1.9 billion
in partial-recourse facilities. For more information on our third-party revolving short-term financing
arrangements, see Note 7 to the Consolidated Financial Statements in Item 8, which is incorporated
herein by reference.
77