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Balance Sheet Details (Table)
12 Months Ended
Oct. 31, 2014
Balance Sheet Details  
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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Schedule of allowance for doubtful accounts related to accounts receivable

 

                                                                                                                                                                                    

 

 

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Schedule of maximum program capacity and available program capacity under revolving short-term financing arrangements

 

                                                                                                                                                                                    

 

 

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 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Schedule of revolving short-term financing arrangements

 

                                                                                                                                                                                    

 

 

As of October 31

 

 

 

2014

 

2013

 

 

 

In millions

 

Non-recourse arrangements

 

$

78 

 

$

54 

 

Partial-recourse arrangements

 

 

381 

 

 

118 

 

 

 

 

 

 

 

Total arrangements

 

$

459 

 

$

172 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Schedule of transferred trade receivables not collected from the third parties

 

                                                                                                                                                                                    

 

 

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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