HP 2015 Annual Report Download - page 159
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Table of Contents
The pre-tax effect of derivative instruments and related hedged items in a fair value hedging relationship for fiscal years ended October 31, 2015, 2014
and 2013 was as follows:
The pre-tax effect of derivative instruments in cash flow and net investment hedging relationships for fiscal years ended October 31, 2015, 2014 and
2013 was as follows:
157
Derivative assets $ 980 $ — $ 980 $ 361 $ 452(1) $ 167
Derivative liabilities $ 405 $ — $ 405 $ 361 $ 29(2) $ 15
(1) Represents the cash collateral posted by counterparties as of the respective reporting date for HP's asset position, net of derivative
amounts that could be offset, as of, generally, two business days prior to the respective reporting date.
(2) Represents the collateral posted by HP through re-use of counterparty cash collateral as of the respective reporting date for HP's
liability position, net of derivative amounts that could be offset, as of, generally, two business days prior to the respective reporting
date.
Interest rate contracts Interest and other, net $ (67) $ 1 $ (270) Fixed-rate debt Interest and other, net $ 67 $ (1) $ 270
Cash flow hedges:
Foreign currency contracts $ 1,067 $ 593 $ (53) Net revenue $ 1,271 $ (21) $ 48
Foreign currency contracts (176) (203) (192) Cost of products (150) (71) (165)
Foreign currency contracts (3) 7 (19) Other operating expenses (7) (9) 1
Foreign currency contracts 203 (60) 21 Interest and other, net 198 (50) 10
Total currency hedges $ 1,091 $ 337 $ (243) $ 1,312 $ (151) $ (106)
Net investment hedges:
Foreign currency contracts $ 228 $ 57 $ 38 Interest and other, net $ — $ — $ —
Source: HP INC, 10-K, December 16, 2015 Powered by Morningstar® Document Research℠
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