Hewlett-Packard (HPQ)

Accounts and Financing Receivables

        HP has revolving trade receivables-based facilities permitting it to sell certain trade receivables to third parties on a non-recourse basis. The aggregate maximum capacity under these programs was $538 million as of January 31, 2010. HP sold $506 million of trade receivables during the first three months of fiscal 2010. As of January 31, 2010, HP had $140 million available under these programs.

Accounts and Financing Receivables

        HP has revolving trade receivables-based facilities permitting it to sell certain trade receivables to third parties on a non-recourse basis. The aggregate maximum capacity under these programs was $568 million as of October 31, 2009. HP sold $1,667 million of trade receivables during fiscal 2009. As of October 31, 2009, HP had $269 million available under these programs.

Accounts and Financing Receivables

        HP has revolving trade receivables-based facilities permitting it to sell certain trade receivables to third parties on a non-recourse basis. The aggregate maximum capacity under these programs was $537 million as of April 30, 2009. HP sold $931 million of trade receivables during the first half of fiscal 2009. As of April 30, 2009, HP had $262 million available under these programs.

Accounts and Financing Receivables

        HP has revolving trade receivables-based facilities permitting it to sell certain trade receivables to third parties on a non-recourse basis. The aggregate maximum capacity under these programs was $569 million as of January 31, 2009. HP sold $549 million of trade receivables during the first quarter of fiscal 2009. As of January 31, 2009, HP had $167 million available under these programs.

Accounts and Financing Receivables

        The increase in the allowance for doubtful accounts for accounts receivable from $226 million as of October 31, 2007 to $553 million as of October 31, 2008 is due primarily to additional allowances acquired in connection with the EDS acquisition and further allowances taken against EDS's accounts receivable after the acquisition, combined with an increase in allowances taken for HP's customer specific risks due in part to the slowing of the economy.

        HP has revolving trade receivables-based facilities permitting it to sell certain trade receivables to third parties on a non-recourse basis. The aggregate maximum capacity under these programs was approximately $584 million as of October 31, 2008. HP sold approximately $2.7 billion of trade receivables during fiscal 2008. As of October 31, 2008, HP had approximately $142 million available under these programs.

Accounts and Financing Receivables

        The
increase in the allowance for doubtful accounts for accounts receivable from $226 million as of October 31, 2007 to $553 million as of October 31, 2008 is
due primarily to additional allowances acquired in connection with the EDS acquisition and further allowances taken against EDS's accounts receivable after the acquisition, combined with an increase
in allowances taken for HP's customer specific risks due in part to the slowing of the economy.

        HP
has revolving trade receivables-based facilities permitting it to sell certain trade receivables to third parties on a non-recourse basis. The aggregate maximum capacity
under these programs was approximately $584 million as of October 31, 2008. HP sold approximately $2.7 billion of trade receivables during fiscal 2008. As of October 31,
2008, HP had approximately $142 million available under these programs.

Accounts and Financing Receivables

        HP has revolving trade receivables-based facilities permitting it to sell certain trade receivables to third parties on a non-recourse basis. The aggregate maximum capacity under these programs was approximately $724 million as of July 31, 2008. HP sold approximately $2.1 billion of trade receivables during the first nine months of fiscal 2008. As of July 31, 2008, there was approximately $364 million available under these programs.

Accounts and Financing Receivables

        HP has revolving trade receivables-based facilities permitting it to sell certain trade receivables to third parties on a non-recourse basis. The aggregate maximum capacity under these programs was approximately $718 million as of April 30, 2008. HP sold approximately $1.6 billion of trade receivables during the first half of fiscal 2008. As of April 30, 2008, there was approximately $227 million available under these programs.

13

HEWLETT-PACKARD COMPANY AND SUBSIDIARIES

Notes to Consolidated Condensed Financial Statements (Continued)

(Unaudited)

Note 4: Balance Sheet Details (Continued)

Accounts and Financing Receivables

        HP has revolving trade receivables-based facilities permitting it to sell certain trade receivables to third parties on a non-recourse basis. The aggregate maximum capacity under these programs was approximately $647 million as of January 31, 2008. HP sold approximately $780 million of trade receivables during the first quarter of fiscal 2008. As of January 31, 2008, HP had approximately $114 million available under these programs.

Accounts and Financing Receivables

        HP has revolving trade receivables-based facilities permitting it to sell certain trade receivables to third parties on a non-recourse basis. The aggregate maximum capacity under these programs was approximately $525 million as of October 31, 2007. HP sold approximately $2.2 billion of trade receivables during fiscal 2007. As of October 31, 2007, HP had approximately $117 million available under these programs.

Accounts and Financing Receivables

        HP has revolving trade receivables-based facilities permitting it to sell certain trade receivables to third parties on a non-recourse basis. The aggregate maximum capacity under these programs was approximately $511 million as of July 31, 2007. HP sold approximately $1.7 billion of trade receivables during the first nine months of fiscal 2007. As of July 31, 2007, there was approximately $197 million available under these programs.

Accounts and Financing Receivables

        HP has revolving trade receivables-based facilities permitting it to sell certain trade receivables to third parties on a non-recourse basis. The aggregate maximum capacity under these programs was approximately $512 million as of April 30, 2007. HP sold approximately $1.2 billion of trade receivables during the first half of fiscal 2007. Fees associated with these facilities do not generally differ materially from the cash discounts offered to these customers under alternative prompt payment programs. As of April 30, 2007, there was approximately $188 million available under these programs.

Accounts and Financing Receivables

        HP has revolving trade receivables based facilities permitting it to sell certain trade receivables to third parties on a non-recourse basis. The aggregate maximum capacity under these programs was approximately $477 million as of October 31, 2006 and there was approximately $150 million available under these programs. In fiscal 2006, HP had another facility that was subject to a maximum amount of 525 million euros (the "Euro Program"), which was terminated on October 31, 2006. HP sold approximately $8.6 billion of trade receivables during fiscal 2006, including approximately $5.9 billion under the Euro Program. Fees associated with these facilities do not generally differ materially from the cash discounts offered to these customers under the previous alternative prompt payment programs.

Accounts and Financing Receivables

        HP has revolving trade receivables-based facilities permitting it to sell certain trade receivables to third-parties on a non-recourse basis. The aggregate maximum capacity under these programs was approximately $1.2 billion as of July 31, 2006. The facility with the largest volume is one that is subject to a maximum amount of 525 million euros, or approximately $670 million (the "Euro Program"). HP sold trade receivables of approximately $2.1 billion during the first nine months of fiscal 2006, including approximately $1.4 billion under the Euro Program. Fees associated with these facilities generally do not differ materially from the cash discounts offered to these customers under the previous alternative prompt payment programs. As of July 31, 2006, there was approximately $535 million available under these programs, of which $343 million related to the Euro Program.