Obligation HP Inc 3.75% ( US428236BF92 ) en USD

HP Inc

100 % ▲

Etas-Unis

US428236BF92 ( en USD )

3.75% par an ( paiement semestriel )

01/12/2020 - Obligation échue

Prospectus brochure de l'obligation HP Inc US428236BF92 en USD 3.75%, échue

2 000 USD

1 350 000 000 USD

428236BF9

N/A

L'Obligation émise par HP Inc ( Etas-Unis ) , en USD, avec le code ISIN US428236BF92, paye un coupon de 3.75% par an.
Le paiement des coupons est semestriel et la maturité de l'Obligation est le 01/12/2020

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424B5 1 d424b5.htm FILED PURSUANT TO RULE 424(B)(5)
Table of Contents
Filed Pursuant to Rule 424(b)(5)
Registration No. 333-159366
CALCULATION OF REGISTRATION FEE

Maximum
Maximum
Amount of
Amount to
offering price
aggregate
registration
Title of each class of securities offered

be registered

per unit

offering price

fee(1)
2.200% Global Notes due December 1, 2015
$650,000,000
99.911%
$649,421,500
$46,303.75
3.750% Global Notes due December 1, 2020
$1,350,000,000
99.827%
$1,347,664,500
$96,088.48

(1)
Calculated in accordance with Rule 457(r) under the Securities Act of 1933, as amended.
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Table of Contents

Prospectus Supplement
November 29, 2010
(To Prospectus dated May 20, 2009)
$2,000,000,000

$650,000,000 2.200% Global Notes due December 1, 2015
$1,350,000,000 3.750% Global Notes due December 1, 2020

We are offering $650,000,000 of our 2.200% Global Notes due December 1, 2015 and $1,350,000,000 of our 3.750% Global Notes due December 1, 2020. The
2.200% Global Notes will bear interest at a rate of 2.200% per annum. The 3.750% Global Notes will bear interest at a rate of 3.750% per annum. We will pay interest
semi-annually on each of the 2.200% Global Notes and the 3.750% Global Notes on each June 1 and December 1, beginning June 1, 2011. The 2.200% Global Notes will
mature on December 1, 2015. The 3.750% Global Notes will mature on December 1, 2020. We refer to the 2.200% Global Notes and the 3.750% Global Notes collectively
as the Global Notes.
We may redeem some or all of either series of Global Notes at any time at the redemption prices described beginning on page S-15. The Global Notes are senior
unsecured obligations and will rank equally with all of our other existing and future senior unsecured indebtedness. There are no sinking funds for the Global Notes. The
Global Notes are not and will not be listed on any securities exchange or quoted on any automated quotation system.
See "Risk Factors" beginning on page S-9 of this prospectus supplement for a discussion of certain risks that you should consider in connection with an
investment in the Global Notes.

Proceeds,
Before
Price to
Underwriting
Expenses, to

Public (1)
Discount
HP (1)
Per 2.200% Global Note

99.911%
0.350%
99.561%
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2.200% Global Note Total

$ 649,421,500
$
2,275,000
$ 647,146,500
Per 3.750% Global Note

99.827%
0.450%
99.377%
3.750% Global Note Total

$1,347,664,500
$
6,075,000
$1,341,589,500

Total

$1,997,086,000
$
8,350,000
$1,988,736,000

(1)
Plus accrued interest, if any, from December 2, 2010 if settlement occurs after that date.

Neither the Securities and Exchange Commission nor any state securities commission has approved or disapproved of these securities or determined if
this prospectus supplement or the prospectus to which it relates is truthful or complete. Any representation to the contrary is a criminal offense.
Delivery of the Global Notes in book-entry form only will be made through The Depository Trust Company on or about December 2, 2010. The Global Notes
will be approved for clearance through the Clearstream and Euroclear systems.
Joint Book Running Managers

BofA Merrill Lynch

BNP PARIBAS
UBS Investment Bank

Wells Fargo Securities
Co-Managers

Deutsche Bank Securities
HSBC
J.P. Morgan
Mitsubishi UFJ Securities

RBS
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Table of Contents
TABLE OF CONTENTS
Prospectus Supplement

Page
Forward-Looking Statements

S-1
Summary

S-2
Risk Factors

S-9
Use of Proceeds

S-11
Capitalization

S-12
Description of the Global Notes

S-14
Material United States Federal Income Tax Considerations

S-20
Underwriting

S-25
Offering Restrictions

S-27
Validity of the Global Notes

S-29
Experts

S-29
Information Incorporated By Reference

S-29
Prospectus

Page
About This Prospectus

1
Forward-Looking Statements

1
Use of Proceeds

2
Description of the Debt Securities

2
Description of Common Stock

12
Description of Preferred Stock

14
Description of the Depositary Shares

14
Description of the Warrants

17
Plan of Distribution

18
Legal Matters

20
Experts

20
Where You Can Find More Information

20
Information Incorporated By Reference

21
You should rely only on the information contained or incorporated by reference in this document or to which we have referred you. We have not, and
the underwriters have not, authorized anyone to provide you with information that is different. This document may be used only where it is legal to sell these
securities. The information contained or incorporated by reference in this document is accurate only as of the date of this document or as of its date, as applicable.

In this prospectus supplement and the accompanying prospectus, unless otherwise specified or unless the context otherwise requires, references to "USD,"
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"dollars," "$" and "U.S.$" are to U.S. dollars, and references to "Hewlett-Packard," "HP," "we," "us" or "our" refer to Hewlett-Packard Company, and not to
any of our subsidiaries unless otherwise indicated.
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FORWARD-LOOKING STATEMENTS
This prospectus supplement, the accompanying prospectus, the documents incorporated by reference in this prospectus supplement and the accompanying
prospectus and other written reports and oral statements made from time to time by the company may contain "forward-looking statements" that involve risks, uncertainties
and assumptions. If the risks or uncertainties ever materialize or the assumptions prove incorrect, our and our consolidated subsidiaries' results may differ materially from
those expressed or implied by such forward-looking statements and assumptions. All statements other than statements of historical fact are statements that could be deemed
forward-looking statements, including but not limited to any projections of revenue, margins, expenses, earnings, earnings per share, tax provisions, cash flows, benefit
obligations, share repurchases, currency exchange rates, the impact of acquisitions or other financial items; any statements of the plans, strategies and objectives of
management for future operations, including execution of cost reduction programs and restructuring plans; any statements concerning the expected development,
performance or market share relating to products or services; any statements regarding current or future macroeconomic trends or events and the impact of those trends and
events on HP and its financial performance; any statements regarding pending investigations, claims or disputes; any statements of expectation or belief; and any statements
of assumptions underlying any of the foregoing. Risks, uncertainties and assumptions include the impact of macroeconomic and geopolitical trends and events; the
competitive pressures faced by HP's businesses; the development and transition of new products and services (and the enhancement of existing products and services) to
meet customer needs and respond to emerging technological trends; the execution and performance of contracts by HP and its suppliers, customers and partners; the
protection of HP's intellectual property assets, including intellectual property licensed from third parties; integration and other risks associated with business combination
and investment transactions; the hiring and retention of key employees; assumptions related to pension and other post-retirement costs; expectations and assumptions
relating to the execution and timing of cost reduction programs and restructuring plans; the resolution of pending investigations, claims and disputes; and other risks that are
described in our other filings with the Securities and Exchange Commission, including but not limited to the risks described in our Annual Report on Form 10-K for our
fiscal year ended October 31, 2009 and Quarterly Report on Form 10-Q for the fiscal quarter ended July 31, 2010. We assume no obligation and do not intend to update
these forward-looking statements.

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Table of Contents
SUMMARY
You should read the following summary together with the entire prospectus supplement and accompanying prospectus and the documents incorporated by
reference, including our consolidated condensed financial statements and related notes. You should carefully consider, among other things, the matters discussed in
"Risk Factors" in this prospectus supplement and in the documents incorporated by reference.
About Hewlett-Packard Company
HP is a leading global provider of products, technologies, software, solutions and services to individual consumers, small- and medium-sized businesses
("SMBs") and large enterprises, including customers in the government, health and education sectors. Our offerings span:

·

multi-vendor customer services, including infrastructure technology and business process outsourcing, technology support and maintenance,

application development and support services and consulting and integration services;

·

enterprise information technology infrastructure, including enterprise storage and server technology, networking products and resources,

information management software and software that optimizes business technology investments;

·

personal computing and other access devices; and

·

imaging and printing-related products and services.
Our operations are organized into seven business segments: Services, Enterprise Storage and Servers ("ESS"), HP Software, the Personal Systems Group
("PSG"), the Imaging and Printing Group ("IPG"), HP Financial Services ("HPFS") and Corporate Investments. Services, ESS and HP Software are reported
collectively as a broader HP Enterprise Business (formerly the Technology Solutions Group). While the HP Enterprise Business is not a business segment, we
sometimes aggregate our segments together when providing certain financial data to provide a supplementary view of our business. In each of the past three fiscal
years, notebooks, desktops and printing supplies each accounted for more than 10% of our consolidated net revenue. In fiscal 2009, infrastructure technology
outsourcing also accounted for more than 10% of our consolidated net revenue, and in fiscal 2007 industry standard servers also accounted for more than 10% of our
consolidated net revenue.
HP Enterprise Business
The HP Enterprise Business provides servers, storage, software and information technology ("IT") services that enable enterprise and midmarket business
customers to better manage their current IT environments and transform IT into a business enabler. HP Enterprise Business products and services help accelerate
growth, minimize risk and reduce costs to optimize the business value of customers' IT investments. Companies around the globe leverage HP's infrastructure
solutions to deploy next generation data centers and address business challenges ranging from compliance to business continuity. The HP Enterprise Business's
modular IT systems and services are primarily standards-based and feature differentiated technologies in areas including power and cooling, unified management,
security, virtualization and automation. Each of the three financial reporting segments within the HP Enterprise Business are described in detail below.

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Services
Services, formerly HP Services, was renamed after the reorganization of the business units subsequent to the acquisition of Electronic Data Systems
Corporation ("EDS") in August 2008. Services provides consulting, outsourcing and technology services across infrastructure, applications and business process
domains. Services delivers to its clients by leveraging investments in consulting and support professionals, infrastructure technology, applications, standardized
methodologies, and global supply and delivery. It is divided into four main business units: infrastructure technology outsourcing, applications services, business
process outsourcing and technology services.
Infrastructure Technology Outsourcing. Infrastructure technology outsourcing delivers comprehensive services that streamline and optimize our clients'
infrastructure to efficiently enhance performance, reduce costs, mitigate risk and enable business change. These services encompass the data center and the workplace
(desktop); network and communications; and security, compliance and business continuity. We also offer a set of managed services, providing a cross-section of our
broader infrastructure services for smaller discrete engagements.
Application Services. Applications services help clients revitalize and manage their applications assets through flexible, project-based, consulting services
and longer-term outsourcing contracts. These full lifecycle services encompass application development, testing, modernization, system integration, maintenance and
management. Applications projects open doors to new infrastructure technology outsourcing and business process outsourcing opportunities and represent attractive
cross-selling opportunities to current HP clients.
Business Process Outsourcing. Business process outsourcing is powered by a platform of underlying infrastructure technology, applications and
standardized methodologies and is supplemented by IT experience and in-depth, industry-specific knowledge. These services encompass both industry-specific and
cross-industry solutions. Our cross-industry solutions include a broad array of enterprise shared services, customer relationship management services, financial
process management services and administrative services.
Technology Services. HP provides consulting and support services, as well as warranty support across HP's product lines. HP specializes in keeping
technology running with mission critical services, converged infrastructure services, networking services, data center transformation services and infrastructure
services for storage, server and unified communication environments. HP's technology services offerings are available in the form of service contracts, pre-packaged
offerings (HP Care Pack services) or on an individual basis.
Enterprise Storage and Servers
The server market continues to shift towards standards-based architectures as proprietary hardware and operating systems are replaced by industry
standard server platforms that typically offer compelling price and performance advantages by leveraging standards-based operating systems and microprocessor
designs. At the same time, critical business functions continue to demand scalability and reliability. By providing a broad portfolio of storage and server solutions,
ESS aims to optimize the

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combined product solutions required by different customers and provide solutions for a wide range of operating environments, spanning both the enterprise and the
SMB markets. ESS provides storage and server products in a number of categories.
Industry Standard Servers. Industry standard servers include primarily entry-level and mid-range ProLiant servers, which run primarily Windows ,
®
1
Linux and Novell operating systems and leverage Intel Corporation ("Intel") and Advanced Micro Devices ("AMD") processors. The business spans a range of
product lines that include pedestal-tower servers, density-optimized rack servers and HP's BladeSystem family of server blades. In fiscal 2009, HP's industry
standard server business continued to lead the industry in terms of units shipped and factory revenue. HP also has a leadership position in server blades, the fastest
growing segment of the market.
Business Critical Systems. Business critical systems include Itanium®2-based Integrity servers running on the HP-UX, Windows® , Linux, OpenVMS and
NonStop operating systems, including the high-end Superdome servers and fault-tolerant Integrity NonStop servers. Business critical systems also include the
Reduced Instruction Set Computing ("RISC")-based servers with the HP 9000 line running on the HP-UX operating system, HP AlphaServers running on both Tru64
UNIX®3 and OpenVMS, and MIPs-based NonStop servers. During 2009, we continued to transition all business critical systems platforms to Itanium-based servers.
Storage. HP's StorageWorks offerings include entry-level, mid-range and high-end arrays, storage area networks, network attached storage, storage
management software and virtualization technologies, as well as StoreOnce data deduplication solutions, tape drives, tape libraries and optical archival storage.
HP Software
HP Software is a leading provider of enterprise and service-provider software and services. Our portfolio consists of:
Enterprise IT management software. Enterprise IT management solutions, including support and professional services, allow customers to manage IT
infrastructure, operations, applications, IT services, and business processes. These solutions also include tools to automate data center operations and IT processes.
We market them as the HP business technology optimization suite, and we deliver them in the form of traditional software licenses and, in some cases, via a software-
as-a-service distribution model.
Information management and business intelligence solutions. Our information management and business intelligence solutions include information data
strategy, enterprise data warehousing, data integration, data protection, archiving, compliance, e-discovery and records management products. These solutions enable
businesses to extract more value from their structured and unstructured information.
1

Windows is a trademark of Microsoft Corporation.
2

Itanium is a trademark of Intel Corporation.
3

UNIX is a trademark of The Open Group.

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Communications and media solutions. Our communications and media industry solutions address the creation, delivery and management of consumer and
enterprise communications services, with offerings in service delivery infrastructure and applications, real-time business support systems, next-generation operations
support systems and digital media. These solutions enable operators, media companies, and network equipment providers to drive incremental revenue, enable new
business models and reduce infrastructure costs.
Personal Systems Group
PSG is the leading provider of personal computers ("PCs") in the world based on unit volume shipped and annual revenue. PSG provides commercial PCs,
consumer PCs, workstations, handheld computing devices, calculators and other related accessories, software and services for the commercial and consumer markets.
We group commercial desktops, commercial notebooks and workstations into commercial clients and consumer desktop and consumer notebooks into consumer
clients when describing our performance in these markets. Like the broader PC market, PSG continues to experience a shift toward mobile products such as
notebooks. Both commercial and consumer PCs are based predominately on the Windows® operating system and use Intel and AMD processors.
Commercial PCs. PSG offers a variety of personal computers optimized for commercial uses, including enterprise and SMB customers, and for
connectivity and manageability in networked environments. These commercial PCs include primarily the HP Compaq business desktops, notebooks, tablet PCs, mini
notebooks and mobile workstations, as well as the thin clients, retail point of sale systems, displays and the new TouchSmart all-in-one PC for business.
Consumer PCs. Consumer PCs include the HP and Compaq series of multi-media consumer desktops, notebooks and mini notebooks, including the
TouchSmart line of touch-enabled all-in-one desktops and notebooks.
Workstations. Workstations are individual computing products designed for users demanding enhanced performance, such as computer animation,
engineering design and other programs requiring high-resolution graphics. PSG provides workstations that run on both Windows an
®
d Linux-based operating
systems.
Handheld Computing. PSG provides a series of HP iPAQ Pocket PC handheld computing devices that run on Windows® Mobile software. These products
range from basic PDAs to advanced "smartphone" devices with voice and data capability.
Imaging and Printing Group
IPG is the leading imaging and printing systems provider in the world for consumer and commercial printer hardware, printing supplies, printing media
and scanning devices. IPG is also focused on imaging and printing solutions in the commercial markets, from managed print services solutions to addressing new
growth opportunities in commercial printing and capturing high-value pages in areas such as industrial applications, outdoor signage and the graphic arts business.
When describing our performance in this segment, we group inkjet printer units and retail products and services into consumer hardware, LaserJet and enterprise
solutions and graphics solutions into commercial hardware and break out printer supplies separately.

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