HP 2010 Annual Report Download - page 104
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HEWLETT-PACKARD COMPANY AND SUBSIDIARIES
Notes to Consolidated Financial Statements (Continued)
Note 4: Balance Sheet Details (Continued)
Property, Plant and Equipment
2010 2009
In millions
Land......................................................... $ 530 $ 513
Buildings and leasehold improvements ................................ 8,523 7,472
Machinery and equipment ......................................... 13,874 12,959
22,927 20,944
Accumulated depreciation ......................................... (11,164) (9,682)
$ 11,763 $11,262
Depreciation expense was approximately $3.3 billion in fiscal 2010, $3.2 billion in fiscal 2009 and
$2.4 billion in fiscal 2008.
Subsequent event
On November 16, 2010 HP sold land and buildings for approximately $415 million realizing a gain
of approximately $280 million. The sale is part of the company’s multi-year program to consolidate real
estate locations worldwide to reduce real estate costs.
Long-Term Financing Receivables and Other Assets
2010 2009
In millions
Financing receivables, net .......................................... $ 3,584 $ 3,303
Deferred tax assets—long term ...................................... 2,070 1,750
Other ......................................................... 6,571 6,236
$12,225 $11,289
Other Accrued Liabilities
2010 2009
In millions
Other accrued taxes .............................................. $ 3,216 $ 2,784
Warranty ...................................................... 1,774 1,777
Sales and marketing programs ....................................... 3,374 2,724
Other ......................................................... 6,932 6,787
$15,296 $14,072
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