Note 7: Balance Sheet Details

Balance sheet details were as follows:

Accounts Receivable, Net

	As of October 31
	2014			2013
	In millions
Accounts receivable	$	14,064		$	16,208
Allowance for doubtful accounts		(232	)		(332	)

	$	13,832		$	15,876

The allowance for doubtful accounts related to accounts receivable and changes were as follows:

	As of October 31
	2014			2013			2012
	In millions
Balance at beginning of year	$	332		$	464		$	470
Provision for doubtful accounts		25			23			100
Deductions, net of recoveries		(125	)		(155	)		(106	)

Balance at end of year	$	232		$	332		$	464

HP has third-party revolving short-term financing arrangements intended to facilitate the working capital requirements of certain customers. In the second quarter of fiscal 2014, HP expanded its revolving short-term financing arrangements, adding $1.6 billion of capacity. The maximum, utilized and available program capacity under these revolving short-term financing arrangements was as follows:

	As of October 31
	2014			2013
	In millions
Non-recourse arrangements:
Maximum program capacity	$	1,083		$	764
Utilized capacity(1)		(613	)		(314	)

Available capacity	$	470		$	450

Partial-recourse arrangements:
Maximum program capacity	$	1,877		$	631
Utilized capacity(1)		(1,500	)		(454	)

Available capacity	$	377		$	177

Total arrangements:
Maximum program capacity	$	2,960		$	1,395
Utilized capacity(1)		(2,113	)		(768	)

Available capacity	$	847		$	627

(1)	Utilized capacity represents the receivables sold to third parties, but not collected from the customer by the third parties. Transferred trade receivables included in the utilized capacity that HP has not collected from third parties are as follows:

	As of October 31
	2014		2013
	In millions
Non-recourse arrangements	$	78	$	54
Partial-recourse arrangements		381		118

Total arrangements	$	459	$	172

The activity related to HP's revolving short-term financing arrangements was as follows:

	As of October 31
	2014			2013			2012
	In millions
Balance at beginning of period(1)	$	172		$	228		$	245
Trade receivables sold(2)		9,627			4,241			3,510
Cash receipts(2)		(9,306	)		(4,305	)		(3,510	)
Foreign currency and other		(34	)		8			(17	)

Balance at end of period(1)	$	459		$	172		$	228

(1)	Beginning and ending balance represents amounts for trade receivables sold but not yet collected.
(2)	HP has revised the presentation for the trade receivables sold and the cash received under the short-term financing arrangements for the fiscal years ended October 31, 2013 and 2012 in order to present comparable information with the current year period.

Inventory

	As of October 31
	2014		2013
	In millions
Finished goods	$	3,973	$	3,847
Purchased parts and fabricated assemblies		2,442		2,199

	$	6,415	$	6,046

Other Current Assets

	As of October 31
	2014		2013
	In millions
Deferred tax assets—short-term	$	2,754	$	3,893
Value-added taxes receivable		2,169		2,425
Supplier and other receivables		2,378		2,579
Prepaid and other current assets		4,518		4,238

	$	11,819	$	13,135

Property, Plant and Equipment

	As of October 31
	2014			2013
	In millions
Land	$	540		$	626
Buildings and leasehold improvements		9,048			8,942
Machinery and equipment, including equipment held for lease		16,664			16,565

		26,252			26,133

Accumulated depreciation		(14,912	)		(14,670	)

	$	11,340		$	11,463

Depreciation expense was $3.3 billion, $3.2 billion and $3.3 billion in fiscal 2014, 2013 and 2012, respectively. The change in gross property, plant and equipment was due primarily to purchases of $3.9 billion, which were partially offset by sales and retirements totaling $3.5 billion. Accumulated depreciation associated with the assets sold and retired in fiscal 2014 was $2.9 billion.

Long-Term Financing Receivables and Other Assets

	As of October 31
	2014		2013
	In millions
Financing receivables, net	$	3,613	$	3,878
Deferred tax assets—long-term		740		1,346
Deferred costs—long-term		755		999
Other		3,346		3,333

	$	8,454	$	9,556

Other Accrued Liabilities

	As of October 31
	2014		2013
	In millions
Accrued taxes—other	$	2,269	$	2,703
Warranty		1,325		1,390
Sales and marketing programs		2,986		2,823
Other		5,499		5,590

	$	12,079	$	12,506

Other Liabilities

	As of October 31
	2014		2013
	In millions
Pension, post-retirement, and post-employment liabilities	$	6,379	$	5,098
Deferred revenue—long-term		3,931		3,907
Deferred tax liability—long-term		1,124		2,668
Tax liability—long-term		2,861		2,213
Other long-term liabilities		2,010		2,005

	$	16,305	$	15,891