HP 2015 Annual Report Download - page 160

Table of Contents



As of October 31, 2015, 2014 and 2013, no portion of the hedging instruments' gain or loss was excluded from the assessment of effectiveness for fair
value, cash flow or net investment hedges. Hedge ineffectiveness for fair value, cash flow and net investment hedges was not material for fiscal 2015, 2014
and 2013.
As of October 31, 2015, HP expects to reclassify an estimated net Accumulated other comprehensive gain of approximately $26 million, net of taxes, to
earnings in the next twelve months along with the earnings effects of the related forecasted transactions associated with cash flow hedges.
The pre-tax effect of derivative instruments not designated as hedging instruments on the Consolidated Statements of Earnings for fiscal 2015, 2014 and
2013 was as follows:


Notes payable and short-term borrowings, including the current portion of long-term debt, were as follows:
158
 
      
     
Foreign currency contracts Interest and other, net $ 304 $ 106 $ 156
Other derivatives Interest and other, net — — 11
Interest rate contracts Interest and other, net — — 3
Total $ 304 $ 106 $ 170
  
   
 

 

 

 

 
         
Current portion of long-term debt $ 2,321 3.2%$ 2,655 2.2%
Commercial paper(2) 39 0.3% 298 0.5%
Notes payable to banks, lines of credit and other(2) 525 3.1% 533 4.0%
$ 2,885 $ 3,486
(1) Out of current portion of long-term debt, $2.1 billion U.S. Dollar Global Notes was redeemed and repaid on November 4, 2015.
(2) Commercial paper balance of $39 million and $298 million and Notes payable to banks, lines of credit and other includes
$374 million and $404 million at October 31, 2015 and 2014, respectively, of borrowing- and funding-related activity associated with
HPFS and its subsidiaries.
Source: HP INC, 10-K, December 16, 2015 Powered by Morningstar® Document Research℠
The information contained herein may not be copied, adapted or distributed and is not warranted to be accurate, complete or timely. The user assumes all risks for any damages or losses arising from any use of this information,
except to the extent such damages or losses cannot be limited or excluded by applicable law. Past financial performance is no guarantee of future results.