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HPQ » Topics » NOTE 9: MINORITY INTERESTS AND OTHER LONG-TERM LIABILITIES

This excerpt taken from the HPQ 8-K filed Nov 12, 2008.

NOTE 9:  MINORITY INTERESTS AND OTHER LONG-TERM LIABILITIES

 

Other long-term liabilities were $245 million and $305 million at December 31, 2007 and 2006, respectively. Other long-term liabilities include liabilities related to the Company’s purchased or licensed software, tax liabilities and interest rate swap agreements. Minority interests were $174 million and $150 million at December 31, 2007 and 2006, respectively. The increase in minority interests in 2007 was primarily due to the Company’s ownership interest in MphasiS (see Note 16).

 

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