Balance Sheet Details (Policies)

9 Months Ended

Jul. 31, 2011

Balance Sheet Details

Trade Receivables Policy

HP has revolving trade receivables-based facilities permitting it to sell certain trade receivables to third parties. In accordance with the accounting requirements under the Accounting Standards Codification relating to "Transfers and Servicing," trade receivables are derecognized from the consolidated balance sheet when sold to third parties. The recourse obligation is measured using market data from similar transactions and reported as a current liability in the consolidated balance sheet.