Hewlett-Packard values inventory at the lower of cost or market, with cost computed on a first-in, first-out basis. Adjustments to reduce the cost of inventory to its net realizable value are made, if required, for estimated excess, obsolescence or impaired balances.
Source: Hewlett-Packard Co., Annual Report
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Hewlett-Packard Co., Statement of Financial Position, Inventory
USD $ in millions
| Oct 31, 2011 | Oct 31, 2010 | Oct 31, 2009 | Oct 31, 2008 | Oct 31, 2007 | Oct 31, 2006 | ||
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Finished goods | |
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Purchased parts and fabricated assemblies | |
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Inventory | |
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Source: Based on data from Hewlett-Packard Co. Annual Reports
| Item | Description | The company |
|---|---|---|
| Finished goods | Carrying amount as of the balance sheet date of merchandise or goods held by the company that are readily available for sale. | Hewlett-Packard Co.'s finished goods increased from 2009 to 2010 and from 2010 to 2011. |
| Purchased parts and fabricated assemblies | The aggregate carrying amount as of the balance sheet date of items held by the entity which are partially completed at the time of measurement and unprocessed items that will go through the production process and become part of the final product. Includes supplies used directly or indirectly in the manufacturing or production process. This element may be used when the reporting entity combines work in process and raw materials into an aggregate amount. | Hewlett-Packard Co.'s purchased parts and fabricated assemblies declined from 2009 to 2010 but then increased from 2010 to 2011 exceeding 2009 level. |
| Inventory | Carrying amount (lower of cost or market) as of the balance sheet date of inventories less all valuation and other allowances. Excludes noncurrent inventory balances (expected to remain on hand past one year or one operating cycle, if longer). | Hewlett-Packard Co.'s inventory increased from 2009 to 2010 and from 2010 to 2011. |
May 23, 2012