Hewlett-Packard (HPQ)

Goodwill

        Goodwill allocated to HP's business segments as of January 31, 2010 and changes in the carrying amount of goodwill for the three months ended January 31, 2010 are as follows:

        During the three months ended January 31, 2010, HP recorded reductions to goodwill primarily for tax adjustments related to tax deductible stock-based awards for the acquisition of Compaq Computer Corporation for which the acquisition date was before the effective date of the new guidance for business combinations. HP also recorded reductions to goodwill for currency translation related to certain of Electronic Data Systems Corporation's ("EDS") foreign subsidiaries whose functional currency is not the U.S. dollar.

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Notes to Consolidated Condensed Financial Statements (Continued)

(Unaudited)

Note 6: Goodwill and Purchased Intangible Assets (Continued)

Goodwill

        Goodwill allocated to HP's business segments as of October 31, 2009 and 2008 and changes in the carrying amount of goodwill during the fiscal year ended October 31, 2009 are as follows:

        During fiscal 2009, HP recorded adjustments of approximately $306 million to the estimated fair values of EDS's intangible assets and net liabilities acquired resulting in an increase to EDS's goodwill, which is allocated to the Services segment. These changes in the estimated fair values relate primarily to restructuring liabilities, fixed assets, net deferred tax liabilities and intangible assets. In addition, goodwill increased approximately $255 million as a result of currency translation related to certain of

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Notes to Consolidated Financial Statements (Continued)

Note 7: Goodwill and Purchased Intangible Assets (Continued)

EDS's foreign subsidiaries whose functional currency is not the U.S. dollar. These increases in goodwill were partially offset by tax adjustments for various previous acquisitions.

        Based on the results of its annual impairment tests, HP determined that no impairment of goodwill existed as of August 1, 2009 or August 1, 2008. However, future goodwill impairment tests could result in a charge to earnings. HP will continue to evaluate goodwill on an annual basis as of the beginning of its fourth fiscal quarter and whenever events and changes in circumstances indicate that there may be a potential impairment.

Goodwill

        Goodwill allocated to HP's business segments as of April 30, 2009 and changes in the carrying amount of goodwill for the six months ended April 30, 2009 are as follows:

        During the six months ended April 30, 2009, HP recorded adjustments of approximately $545 million to the estimated fair values of EDS's intangible assets and net liabilities acquired resulting

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Notes to Consolidated Condensed Financial Statements (Continued)

(Unaudited)

Note 6: Goodwill and Purchased Intangible Assets (Continued)

in an increase to EDS's goodwill, which is allocated to the Services segment. These changes in the estimated fair values relate primarily to restructuring liabilities, fixed assets and net deferred tax liabilities. This adjustment was partially offset by a goodwill reduction of approximately $170 million as a result of currency translation related to EDS's foreign subsidiaries whose functional currency is not the U.S. dollar.

Goodwill

        Goodwill allocated to HP's business segments as of January 31, 2009 and changes in the carrying amount of goodwill for the three months ended January 31, 2009 are as follows:

        During the three months ended January 31, 2009, HP recorded a reduction of approximately $300 million to goodwill as a result of currency translation related to EDS's foreign subsidiaries whose functional currency is not the U.S. dollar. The reduction to goodwill was partially offset by adjustments of approximately $130 million to the estimated fair values of EDS's intangible assets and net liabilities acquired.

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HEWLETT-PACKARD COMPANY AND SUBSIDIARIES

Notes to Consolidated Condensed Financial Statements (Continued)

(Unaudited)

Note 6: Goodwill and Purchased Intangible Assets (Continued)

Goodwill

        Goodwill allocated to HP's business segments as of October 31, 2008 and 2007 and changes in the carrying amount of goodwill during the fiscal year ended October 31, 2008 are as follows:

        During the year, HP recorded approximately $10.4 billion of goodwill for EDS at the date of the acquisition and approximately $1.0 billion of goodwill related to other acquisitions. HP also recorded a reduction of approximately $600 million to goodwill as a result of currency translation for the period August 26, 2008 through October 31, 2008 in respect of EDS's foreign subsidiaries whose functional currency is not the U.S. dollar.

        The goodwill adjustments relate primarily to the reversal of income tax reserves for HP's acquisitions associated with their pre-acquisition tax years. These reserves have been reclassified as a reduction of goodwill. In addition, the goodwill adjustments for fiscal 2008 include the transfer of goodwill associated with certain acquisitions from Enterprise Storage and Servers to HP Software in line with the organizational reclassifications to our software business.

        Based on the results of its annual impairment tests, HP determined that no impairment of goodwill existed as of August 1, 2008 or August 1, 2007. However, future goodwill impairment tests could result in a charge to earnings. HP will continue to evaluate goodwill on an annual basis as of the beginning of its fourth fiscal quarter and whenever events and changes in circumstances indicate that there may be a potential impairment.

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Notes to Consolidated Financial Statements (Continued)

Note 7: Goodwill and Purchased Intangible Assets (Continued)

Goodwill

        Goodwill allocated to HP's business segments as of October 31, 2008 and 2007 and changes in the carrying amount of goodwill
during the fiscal year ended October 31, 2008 are as follows:

        During the year, HP recorded approximately $10.4 billion of goodwill for EDS at the date of the acquisition and approximately
$1.0 billion of goodwill related to other acquisitions. HP also recorded a reduction of approximately $600 million to goodwill as a result of currency translation for the period
August 26, 2008 through October 31, 2008 in respect of EDS's foreign subsidiaries whose functional currency is not the U.S. dollar.

        The
goodwill adjustments relate primarily to the reversal of income tax reserves for HP's acquisitions associated with their pre-acquisition tax years. These reserves have
been reclassified as a reduction of goodwill. In addition, the goodwill adjustments for fiscal 2008 include the transfer of goodwill associated with certain acquisitions from Enterprise Storage and
Servers to HP Software in line with the organizational reclassifications to our software business.

        Based
on the results of its annual impairment tests, HP determined that no impairment of goodwill existed as of August 1, 2008 or August 1, 2007. However, future goodwill
impairment tests could result in a charge to earnings. HP will continue to evaluate goodwill on an annual basis as of the beginning of its fourth fiscal quarter and whenever events and changes in
circumstances indicate that there may be a potential impairment.

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Notes to Consolidated Financial Statements (Continued)

Note 7: Goodwill and Purchased Intangible Assets (Continued)