HP 2015 Annual Report Download - page 147

Table of Contents
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As of October 31, 2015, minimum future rentals on non-cancelable operating leases related to leased equipment were as follows:
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In fiscal 2015, HP completed five acquisitions. The purchase price allocation for these acquisitions as set forth in the table below reflects various
preliminary fair value estimates and analyses, including preliminary work performed by third-party valuation specialists, which are subject to change within
the measurement period as valuations are finalized. The primary areas of the preliminary purchase price allocation that are not yet finalized relate to the fair
values of certain tangible assets and liabilities acquired, the valuation of intangible assets acquired, certain legal matters, income and non-income based
taxes, and residual goodwill. HP expects to continue to obtain information to assist it in determining the fair value of the net assets acquired at the
acquisition date during the measurement period. Measurement period adjustments that HP determines to be material will be applied retrospectively to the
period of acquisition in HP's Consolidated Financial Statements and, depending on the nature of the adjustments, other periods subsequent to the period of
acquisition could also be affected.
Pro forma results of operations for these acquisitions have not been presented because they are not material to HP's consolidated results of operations,
either individually or in the aggregate. Goodwill, which represents the excess of the purchase price over the net tangible and intangible assets acquired, is not
deductible for tax purposes.
The following table presents the aggregate purchase price allocation, including those items that are still preliminary allocations, for HP's acquisitions in
fiscal 2015:
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2016 $ 1,439
2017 973
2018 508
2019 200
2020 70
Thereafter 17
Total $ 3,207
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Goodwill $ 1,987
Amortizable intangible assets 704
In-process research and development 159
Net assets assumed 221
Total fair value of consideration $ 3,071
Source: HP INC, 10-K, December 16, 2015 Powered by Morningstar® Document Research℠
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