HP 2013 Annual Report Download - page 81

HEWLETT-PACKARD COMPANY AND SUBSIDIARIES
Management’s Discussion and Analysis of
Financial Condition and Results of Operations (Continued)
Statements in Item 8, which is incorporated herein by reference, for additional information about
our retirement and post-retirement benefit plans.
(5) We expect future cash expenditures of approximately $1.9 billion in connection with our approved
restructuring plans. We expect to make cash payments of approximately $1.4 billion in fiscal 2014
with remaining cash payments to be made through fiscal 2017. Payments for restructuring have
been excluded from the table as they are not contractual and there remains uncertainty as to the
timing of these payments. See Note 7 to the Consolidated Financial Statements in Item 8, which is
incorporated herein by reference, for additional information on restructuring activities.
(6) In fiscal 2013, we had approximately $3 billion of recorded liabilities and related interest and
penalties pertaining to uncertain tax positions. These liabilities and related interest and penalties
include $104 million expected to be made within one year. For the remaining amount, we are
unable to make a reasonable estimate as to when cash settlement with the tax authorities might
occur due to the uncertainties related to these tax matters. Payments of these obligations would
result from settlements with taxing authorities. As we are unable to make reasonably reliable
estimates of the timing of any cash payments to the tax authorities as a result of future
settlements, these obligations are not included in the table. See Note 13 to the Consolidated
Financial Statements in Item 8, which is incorporated herein by reference, for additional
information on our uncertain tax positions.
OFF-BALANCE SHEET ARRANGEMENTS
As part of our ongoing business, we have not participated in transactions that generate material
relationships with unconsolidated entities or financial partnerships, such as entities often referred to as
structured finance or special purpose entities, which would have been established for the purpose of
facilitating off-balance sheet arrangements or other contractually narrow or limited purposes.
We have third-party financing arrangements consisting of revolving short-term financing intended
to facilitate the working capital requirements of certain customers. The total aggregate capacity of the
facilities was $1.4 billion as of October 31, 2013, including an aggregate capacity of $0.8 billion in
non-recourse facilities and a $0.6 billion partial recourse facility. For more information on our
third-party financing arrangements, see Note 4 to the Consolidated Financial Statements in Item 8,
which is incorporated herein by reference.
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