Note 4: Balance Sheet Details

Balance sheet details were as follows:

Accounts Receivable, Net

	July 31, 2013			October 31, 2012

	In millions
Accounts receivable	$	14,703		$	16,871
Allowance for doubtful accounts		(367	)		(464	)

	$	14,336		$	16,407

HP has third-party financing arrangements consisting of revolving short-term financing intended to facilitate the working capital requirements of certain customers. These financing arrangements, which in one case provides for partial recourse, result in a transfer of HP's trade receivables and risk to the third party. As these transfers qualify for sales accounting treatment, the trade receivables are derecognized from the Consolidated Condensed Balance Sheets upon transfer, and HP receives a payment for the trade receivables from the third party within a mutually agreed upon time period. For the arrangement involving an element of recourse, the recourse obligation is measured using market data from similar transactions and reported as a current liability in the Consolidated Condensed Balance Sheets. The recourse obligations as of July 31, 2013 and October 31, 2012 were not material. The maximum program capacity and available program capacity under these arrangements were as follows:

	As of July 31, 2013		As of October 31, 2012

	In millions
Non-recourse arrangements
Aggregate maximum program capacity	$	748	$	636
Aggregate available capacity	$	357	$	434
Aggregate utilized capacity	$	391	$	202
Partial-recourse arrangement
Maximum program capacity	$	866	$	876
Available capacity	$	481	$	413
Utilized capacity	$	385	$	463
Total arrangements
Aggregate maximum program capacity	$	1,614	$	1,512
Aggregate available capacity	$	838	$	847
Aggregate utilized capacity	$	776	$	665

For the three and nine months ended July 31, 2013, trade receivables sold under these facilities were $1.1 billion and $3.8 billion, respectively. For the comparable periods of fiscal 2012, trade receivables sold under these facilities were $1.0 billion and $3.1 billion, respectively. The amount of trade receivables sold approximates the amount of cash received. The resulting costs associated with the sales of trade receivables for three and nine months ended July 31, 2013 and July 31, 2012 were not material.

Inventory

	July 31, 2013		October 31, 2012

	In millions
Finished goods	$	4,322	$	4,094
Purchased parts and fabricated assemblies		2,218		2,223

	$	6,540	$	6,317

Property, Plant and Equipment, Net

	July 31, 2013			October 31, 2012

	In millions
Land	$	634		$	636
Buildings and leasehold improvements		8,847			8,744
Machinery and equipment		16,471			16,503

		25,952			25,883

Accumulated depreciation		(14,624	)		(13,929	)

	$	11,328		$	11,954

For the nine months ended July 31, 2013, the change in gross property, plant and equipment was due primarily to investments of $2.3 billion which were offset by sales and retirements totaling $2.6 billion. Accumulated depreciation associated with the assets sold and retired was $2.2 billion.