HP 2007 Annual Report Download - page 129
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HEWLETT-PACKARD COMPANY AND SUBSIDIARIES
Notes to Consolidated Financial Statements (Continued)
Note 12: Borrowings (Continued)
senior unsecured committed borrowing arrangement primarily to support the issuance of U.S. commercial paper. No amounts
are outstanding under the credit facility.
HP also maintains uncommitted lines of credit from a number of financial institutions that are available through various
foreign subsidiaries. The amount available for use as of October 31, 2007 was approximately $1.8 billion.
Included in Other, including capital lease obligations, are borrowings that are collateralized by certain financing
receivable assets. As of October 31, 2007, the carrying value of the assets approximated the carrying value of the borrowings
of $5 million.
At October 31, 2007, HP had up to approximately $10 billion of available borrowing resources under the 2002 Shelf
Registration Statement and other programs. HP also may issue additional debt securities, common stock, preferred stock,
depositary shares and warrants under the 2006 Shelf Registration Statement.
Aggregate future maturities of long-term debt at face value (excluding the fair value adjustment related to SFAS 133 of
$10 million and discount on debt issuance of $145 million) were as follows at October 31, 2007:
2008 2009 2010 2011 2012 Thereafter Total
In millions
Aggregate future maturities of debt outstanding
including capital lease obligations ......................... $683 $1,037 $1,022 $5 $2,007 $1,073 $5,827
Interest expense on borrowings was $531 million in fiscal 2007, $336 million in fiscal 2006, and $334 million in fiscal
2005.
Note 13: Taxes on Earnings
The domestic and foreign components of earnings (losses) were as follows for the following fiscal years ended
October 31:
2007 2006 2005
In millions
U.S................................................................................................................................
.
$3,577 $1,645 $(1,406)
Non-U.S. ......................................................................................................................
.
$5,600 5,546 4,949
$9,177 $7,191 $3,543
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