Hewlett-Packard (HPQ)

Cash and Cash Equivalents

        HP classifies investments as cash equivalents if the original maturity of an investment is three months or less. Cash and cash equivalents consist primarily of highly liquid investments in time deposits

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Table of Contents

HEWLETT-PACKARD COMPANY AND SUBSIDIARIES

Notes to Consolidated Financial Statements (Continued)

Note 1: Summary of Significant Accounting Policies (Continued)

held in major banks and commercial paper. As of October 31, 2009 and 2008, the carrying value of cash and cash equivalents approximates fair value due to the short period of time to maturity. Interest income was approximately $119 million in fiscal 2009, $401 million in fiscal 2008 and $598 million in fiscal 2007.

Cash and Cash Equivalents

        HP classifies investments as cash equivalents if the original maturity of an investment is three months or less. Cash and cash equivalents consists primarily of highly liquid investments in time deposits held in major banks and commercial paper. As of October 31, 2008 and 2007, the carrying value of cash and cash equivalents approximates fair value due to the short period of time to maturity. Interest income was approximately $401 million in fiscal 2008, $598 million in fiscal 2007 and $623 million in fiscal 2006.

Cash and Cash Equivalents

        HP classifies investments as cash equivalents if the original maturity of an investment is three months or less. Cash and cash
equivalents consists primarily of highly liquid investments in time deposits held in major banks and commercial paper. As of October 31, 2008 and 2007, the carrying value of cash and cash
equivalents approximates fair value due to the short period of time to maturity. Interest income was approximately $401 million in fiscal 2008, $598 million in fiscal 2007 and
$623 million in fiscal 2006.

Cash and Cash Equivalents

        HP classifies investments as cash equivalents if the original maturity of an investment is three months or less. Cash and cash equivalents consists primarily of highly liquid investments in time deposits held in major banks and commercial paper. As of October 31, 2007 and 2006, the carrying value of cash and cash equivalents approximates fair value due to the short period of time to maturity. Interest income was approximately $598 million in fiscal 2007, $623 million in fiscal 2006 and $424 million in fiscal 2005.

Cash and Cash Equivalents

        HP classifies investments as cash equivalents if the maturity of an investment is three months or less from the purchase date. Interest income was approximately $623 million in fiscal 2006, $424 million in fiscal 2005 and $238 million in fiscal 2004.

Cash and Cash Equivalents

        HP classifies investments as cash equivalents if the maturity of an investment is three months or less from the purchase date. Interest income was approximately $424 million in fiscal 2005, $238 million in fiscal 2004 and $240 million in fiscal 2003.

Cash and Cash Equivalents

        HP classifies investments as cash equivalents if the maturity of an investment is three months or less from the purchase date. Interest income was approximately $238 million in fiscal 2004, $240 million in fiscal 2003 and $241 million in fiscal 2002.