Comprehensive Income for Hewlett-Packard

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HPQ » Topics » Comprehensive Income

This excerpt taken from the HPQ 10-Q filed Mar 11, 2010.

Comprehensive Income

The changes in the components of OCI, net of taxes, were as follows:

		Three months ended January 31

		2010			2009
		In millions
Net earnings		$	2,250		$	1,856
Net change in unrealized gains (losses) on available-for-sale securities, net of tax of $1 million in 2010 and net of tax benefit of $4 million in 2009			2			(7	)
Net change in unrealized gains/losses on cash flow hedges:
	Unrealized gains recognized in OCI, net of tax of $157 million in 2010 and $73 million in 2009		290			129
	Losses (gains) reclassified into income, net of tax benefit of $42 million in 2010 and net of tax of $190 million in 2009		60			(335	)

			350			(206	)

Net change in cumulative translation adjustment, net of tax benefit of $14 million in 2010 and $211 million in 2009			(60	)		(382	)
Net change in unrealized components of defined benefit plans, net of tax of $9 million in 2010 and $58 million in 2009			11			80

Comprehensive income		$	2,553		$	1,341

The components of accumulated other comprehensive loss, net of taxes, were as follows:

	January 31, 2010			October 31, 2009

	In millions
Net unrealized gain on available-for-sale securities	$	6		$	4
Net unrealized gain (loss) on cash flow hedges		181			(169	)
Cumulative translation adjustment		(519	)		(459	)
Unrealized components of defined benefit plans		(2,612	)		(2,623	)

Accumulated other comprehensive loss	$	(2,944	)	$	(3,247	)

This excerpt taken from the HPQ 10-Q filed Mar 10, 2009.

Comprehensive Income

The changes in the components of other comprehensive income, net of taxes, were as follows:

	Three months ended January 31

	2009			2008
	In millions
Net earnings	$	1,854		$	2,133
Change in net unrealized loss on available-for-sale securities		(7	)		(1	)
Change in net unrealized gain on cash flow hedges		(206	)		85
Change in cumulative translation adjustment		(382	)		(2	)
Change in unrealized components of defined benefit plans		80			(27	)

Comprehensive income	$	1,339		$	2,188

HEWLETT-PACKARD COMPANY AND SUBSIDIARIES

Notes to Consolidated Condensed Financial Statements (Continued)

(Unaudited)

Note 13: Stockholders' Equity (Continued)

The components of accumulated other comprehensive loss, net of taxes, were as follows:

	January 31, 2009			October 31, 2008

	In millions
Net unrealized loss on available-for-sale securities	$	(19	)	$	(12	)
Net unrealized gain on cash flow hedges		596			802
Cumulative translation adjustment		(1,145	)		(763	)
Unrealized components of defined benefit plans		(12	)		(92	)

Accumulated other comprehensive loss	$	(580	)	$	(65	)

This excerpt taken from the HPQ 10-Q filed Sep 5, 2008.

Comprehensive Income

The changes in the components of other comprehensive income, net of taxes, were as follows:

	Three months ended July 31					Nine months ended July 31

	2008			2007		2008			2007
	In millions
Net earnings	$	2,027		$	1,778	$	6,217		$	5,100
Change in net unrealized gains on available-for-sale securities		1			—		(2	)		(11	)
Change in net unrealized gains/losses on cash flow hedges		11			79		67			13
Change in cumulative translation adjustment		7			26		18			56
Change in additional minimum pension liability		(6	)		—		(46	)		3

Comprehensive income	$	2,040		$	1,883	$	6,254		$	5,161

The components of accumulated other comprehensive income, net of taxes, were as follows:

	July 31, 2008		October 31, 2007

	In millions
Net unrealized gains on available-for-sale securities	$	2	$	4
Net unrealized gains (losses) on cash flow hedges		3		(64	)
Cumulative translation adjustment		191		173
Additional minimum pension liability		400		446

Accumulated other comprehensive income	$	596	$	559

HEWLETT-PACKARD COMPANY AND SUBSIDIARIES

Notes to Consolidated Condensed Financial Statements (Continued)

(Unaudited)

This excerpt taken from the HPQ 10-Q filed Jun 6, 2008.

Comprehensive Income

The changes in the components of other comprehensive income, net of taxes, were as follows:

	Three months ended April 30						Six months ended April 30
	2008			2007			2008			2007
	In millions
Net earnings	$	2,057		$	1,775		$	4,190		$	3,322
Change in net unrealized (losses) gains on available-for-sale securities		(2	)		(9	)		(3	)		(11	)
Change in net unrealized losses on cash flow hedges		(29	)		(57	)		56			(66	)
Change in cumulative translation adjustment		13			28			11			30
Change in additional minimum pension liability		(13	)		4			(40	)		3

Comprehensive income	$	2,026		$	1,741		$	4,214		$	3,278

The components of accumulated other comprehensive income, net of taxes, were as follows:

	April 30, 2008			October 31, 2007
	In millions
Net unrealized gains on available-for-sale securities	$	1		$	4
Net unrealized losses on cash flow hedges		(8	)		(64	)
Cumulative translation adjustment		184			173
Additional minimum pension liability		406			446

Accumulated other comprehensive income	$	583		$	559

HEWLETT-PACKARD COMPANY AND SUBSIDIARIES

Notes to Consolidated Condensed Financial Statements (Continued)

(Unaudited)

This excerpt taken from the HPQ 10-Q filed Mar 10, 2008.

Comprehensive Income

The changes in the components of other comprehensive income, net of taxes, were as follows:

	Three months ended January 31
	2008			2007
	In millions
Net earnings	$	2,133		$	1,547
Change in net unrealized gains on available-for-sale securities		(1	)		(2	)
Change in net unrealized gains (losses) on cash flow hedges		85			(9	)
Change in cumulative translation adjustment		(2	)		2
Change in additional minimum pension liability		—			(1	)
Change in unrealized components of defined benefit pension plans		(27	)		—

Comprehensive income	$	2,188		$	1,537

The components of accumulated other comprehensive income, net of taxes, were as follows:

	January 31, 2008		October 31, 2007
	In millions
Net unrealized gains on available-for-sale securities	$	3	$	4
Net unrealized gains (losses) on cash flow hedges		21		(64	)
Cumulative translation adjustment		171		173
Unrealized components of defined benefit pension plans		419		446

Accumulated other comprehensive income	$	614	$	559

HEWLETT-PACKARD COMPANY AND SUBSIDIARIES

Notes to Consolidated Condensed Financial Statements (Continued)

(Unaudited)

This excerpt taken from the HPQ 10-K filed Dec 18, 2007.

Comprehensive Income

The changes in the components of other comprehensive income, net of taxes, were as follows for the following fiscal years ended October 31:

		2007			2006			2005
		In millions
Net earnings		$	7,264		$	6,198		$	2,398
Net change in unrealized gains on available-for-sale securities:
	Change in net unrealized gains, net of taxes of $2 in 2007, $3 in 2006 and of $6 in 2005		2			7			9
	Net unrealized gains reclassified into earnings, net of taxes of $7 in 2007, $9 in 2006 and $6 in 2005		(14	)		(13	)		(10	)

			(12	)		(6	)		(1	)

Net change in unrealized losses on cash flow hedges:
	Change in net unrealized losses, net of tax benefit of $37 in 2007, $24 in 2006 and $16 in 2005		(63	)		(41	)		(28	)
	Net unrealized losses reclassified into earnings, net of tax benefit of $26 in 2007, $24 in 2006 and $56 in 2005		45			41			97

			(18	)		—			69

Net change in cumulative translation adjustment, net of tax benefit of $37 in 2007, $40 in 2006 and $8 in 2005			106			54			(17	)
Net change in additional minimum pension liability, net of tax benefit of $1 in 2007, tax benefit of $1 in 2006 and taxes of $89 in 2005			(3	)		(9	)		171

Comprehensive income		$	7,337		$	6,237		$	2,620

121

The components of accumulated other comprehensive income, net of taxes, were as follows for the following fiscal years ended October 31:

	2007			2006
	In millions
Net unrealized gains on available-for-sale securities	$	4		$	16
Net unrealized losses on cash flow hedges		(64	)		(46	)
Cumulative translation adjustment		173			67
Additional minimum pension liability		—			(19	)
Unrealized components of defined benefit pension plan		446			—

Accumulated other comprehensive income	$	559		$	18

Note 15: Retirement and Post-Retirement Benefit Plans

This excerpt taken from the HPQ 10-Q filed Sep 7, 2007.

Comprehensive Income

The changes in the components of other comprehensive income, net of taxes, were as follows:

	Three months ended July 31					Nine months ended July 31
	2007		2006			2007			2006
	In millions
Net earnings	$	1,778	$	1,375		$	5,100		$	4,501
Change in net unrealized (losses) gains on available-for-sale securities		—		(9	)		(11	)		1
Change in net unrealized gains on cash flow hedges		79		70			13			6
Change in cumulative translation adjustment		26		(4	)		56			43
Change in additional minimum pension liability		—		—			3			—

Comprehensive income	$	1,883	$	1,432		$	5,161		$	4,551

The components of accumulated other comprehensive income, net of taxes, were as follows:

	July 31, 2007			October 31, 2006
	In millions
Net unrealized gains on available-for-sale securities	$	5		$	16
Net unrealized losses on cash flow hedges		(33	)		(46	)
Cumulative translation adjustment		123			67
Additional minimum pension liability		(16	)		(19	)

Accumulated other comprehensive income	$	79		$	18

EXCERPTS ON THIS PAGE:

10-Q	Mar 11, 2010

10-Q	Mar 10, 2009

10-Q	Sep 5, 2008

10-Q	Jun 6, 2008

10-Q	Mar 10, 2008

10-K	Dec 18, 2007

10-Q	Sep 7, 2007

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HPQ » Topics » Comprehensive Income

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