HP INC, 10-K filed on 12/10/2025
Annual Report
v3.25.3
Cover Page - USD ($)
 12 Months Ended
Oct. 31, 2025
Dec. 01, 2025
Apr. 30, 2025
Cover [Abstract]      
Document Type 10-K    
Document Annual Report true    
Document Period End Date Oct. 31, 2025    
Current Fiscal Year End Date --10-31    
Document Transition Report false    
Entity File Number 1-4423    
Entity Registrant Name HP Inc.    
Entity Incorporation, State or Country Code DE    
Entity Tax Identification Number 94-1081436    
Entity Address, Address Line One 1501 Page Mill Road    
Entity Address, City or Town Palo Alto    
Entity Address, State or Province CA    
Entity Address, Postal Zip Code 94304    
City Area Code 650    
Local Phone Number 857-1501    
Title of 12(b) Security Common stock, par value $0.01 per share    
Trading Symbol HPQ    
Security Exchange Name NYSE    
Entity Well-Known Seasoned Issuer Yes    
Entity Voluntary Filers No    
Entity Current Reporting Status Yes    
Entity Interactive Data Current Yes    
Entity Filer Category Large Accelerated Filer    
Entity Small Business false    
Entity Emerging Growth Company false    
ICFR Auditor Attestation Flag true    
Document Financial Statement Error Correction false    
Entity Shell Company false    
Entity Public Float     $ 24,121,817,659
Entity Common Stock, Shares Outstanding   917,984,523  
Documents Incorporated by Reference
DOCUMENTS INCORPORATED BY REFERENCE
DOCUMENT DESCRIPTION 10-K PART
Portions of the Registrant’s definitive proxy statement related to its 2026 Annual Meeting of Stockholders to be filed pursuant to Regulation 14A within 120 days after Registrant’s fiscal year end of October 31, 2025 are incorporated by reference into Part III of this Report.
 III
    
Entity Central Index Key 0000047217    
Amendment Flag false    
Document Fiscal Year Focus 2025    
Document Fiscal Period Focus FY    
v3.25.3
Audit Information
 12 Months Ended
Oct. 31, 2025
Audit Information [Abstract]  
Auditor Firm ID 42
Auditor Name Ernst & Young LLP
Auditor Location Houston, Texas
v3.25.3
Consolidated Statements of Earnings - USD ($)
shares in Millions, $ in Millions
 12 Months Ended
Oct. 31, 2025
Oct. 31, 2024
Oct. 31, 2023
Net revenue:      
Total net revenue $ 55,295 $ 53,559 $ 53,718
Cost of net revenue:      
Total cost of net revenue 43,903 41,741 42,210
Gross profit 11,392 11,818 11,508
Research and development 1,602 1,640 1,578
Selling, general and administrative 5,821 5,658 5,357
Restructuring and other charges 405 301 527
Acquisition and divestiture charges 45 83 240
Amortization of intangible assets 345 318 350
Total operating expenses 8,218 8,000 8,052
Earnings from operations 3,174 3,818 3,456
Interest and other, net (506) (539) (519)
Earnings before taxes 2,668 3,279 2,937
(Provision for) benefit from taxes (139) (504) 326
Net earnings $ 2,529 $ 2,775 $ 3,263
Net earnings per share:      
Basic (in dollars per share) $ 2.67 $ 2.83 $ 3.29
Diluted (in dollars per share) $ 2.65 $ 2.81 $ 3.26
Weighted-average shares used to compute net earnings per share:      
Basic (in shares) 946 979 992
Diluted (in shares) 953 989 1,000
Products      
Net revenue:      
Total net revenue $ 52,002 $ 50,453 $ 50,660
Cost of net revenue:      
Total cost of net revenue 41,993 39,952 40,484
Services      
Net revenue:      
Total net revenue 3,293 3,106 3,058
Cost of net revenue:      
Total cost of net revenue $ 1,910 $ 1,789 $ 1,726
v3.25.3
Consolidated Statements of Comprehensive Income - USD ($)
$ in Millions
 12 Months Ended
Oct. 31, 2025
Oct. 31, 2024
Oct. 31, 2023
Statement of Comprehensive Income [Abstract]      
Net earnings $ 2,529 $ 2,775 $ 3,263
Change in unrealized components of available-for-sale debt securities:      
Unrealized gains arising during the period 16 8 2
Change in unrealized components of cash flow hedges:      
Unrealized (losses) gains arising during the period (211) 51 (427)
Losses (gains) reclassified into earnings 98 (274) (84)
Change in unrealized components of cash flow hedges (113) (223) (511)
Change in unrealized components of defined benefit plans:      
Unrealized gains (losses) arising during the period 30 (76) (141)
Amortization of actuarial loss and prior service benefit 21 8 0
Curtailments, settlements and other 6 2 0
Change in unrealized components of defined benefit plans 57 (66) (141)
Change in cumulative translation adjustment 12 24 23
Other comprehensive loss before taxes (28) (257) (627)
Benefit from taxes 5 46 119
Other comprehensive loss, net of taxes (23) (211) (508)
Comprehensive income $ 2,506 $ 2,564 $ 2,755
v3.25.3
Consolidated Balance Sheets - USD ($)
$ in Millions
Oct. 31, 2025
Oct. 31, 2024
Current assets:    
Cash, cash equivalents and restricted cash $ 3,705 $ 3,253
Accounts receivable, net of allowance for credit losses of $83 as of October 31, 2025 and 2024 5,692 5,117
Inventory 8,512 7,720
Other current assets 4,544 4,670
Total current assets 22,453 20,760
Property, plant and equipment, net 3,049 2,914
Goodwill 8,706 8,627
Other non-current assets 7,561 7,608
Total assets 41,769 39,909
Current liabilities:    
Notes payable and short-term borrowings 845 1,406
Accounts payable 18,051 16,903
Other current liabilities 10,362 10,378
Total current liabilities 29,258 28,687
Long-term debt 8,821 8,263
Other non-current liabilities 4,036 4,282
Commitments and contingencies
Stockholders’ deficit:    
Preferred stock, $0.01 par value (300 shares authorized; none issued) 0 0
Common stock, $0.01par value (9,600 shares authorized; 921 and 939 shares issued and outstanding as of October 31, 2025 and 2024, respectively) 9 9
Additional paid-in capital 2,129 1,778
Accumulated deficit (2,027) (2,676)
Accumulated other comprehensive loss (457) (434)
Total stockholders’ deficit (346) (1,323)
Total liabilities and stockholders’ deficit $ 41,769 $ 39,909
v3.25.3
Consolidated Balance Sheets (Parenthetical) - USD ($)
$ in Millions
Oct. 31, 2025
Oct. 31, 2024
Statement of Financial Position [Abstract]    
Allowance for credit loss $ 83 $ 83
Preferred stock, par value (in dollars per share) $ 0.01 $ 0.01
Preferred stock, shares authorized (in shares) 300,000,000 300,000,000
Preferred stock, shares issued (in shares) 0 0
Common stock, par value (in dollars per share) $ 0.01 $ 0.01
Common stock, shares authorized (in shares) 9,600,000,000 9,600,000,000
Common stock, shares issued (in shares) 921,000,000 939,000,000
Common stock, shares outstanding (in shares) 921,000,000 939,000,000
v3.25.3
Consolidated Statements of Cash Flows - USD ($)
$ in Millions
 12 Months Ended
Oct. 31, 2025
Oct. 31, 2024
Oct. 31, 2023
Cash flows from operating activities:      
Net earnings $ 2,529 $ 2,775 $ 3,263
Adjustments to reconcile net earnings to net cash provided by operating activities:      
Depreciation, amortization and impairment 916 830 850
Stock-based compensation expense 522 452 438
Restructuring and other charges 405 301 527
Deferred taxes on earnings (6) (122) (923)
Other, net 116 (38) (10)
Changes in operating assets and liabilities, net of acquisitions:      
Accounts receivable (524) (929) 278
Inventory (828) (852) 668
Accounts payable 1,142 2,840 (1,240)
Net investment in leases related to integrated financing (131) (165) (110)
Taxes on earnings (391) (24) 198
Restructuring and other (326) (264) (310)
Other assets and liabilities 273 (1,055) (58)
Net cash provided by operating activities 3,697 3,749 3,571
Cash flows from investing activities:      
Investment in property, plant, equipment and purchased intangibles, net (897) (592) (593)
Purchases of available-for-sale securities and other investments (40) (4) (11)
Maturities and sales of available-for-sale securities and other investments 74 8 21
Collateral posted for derivative instruments (264) 0 0
Payments made in connection with business acquisitions, net of cash acquired (116) (58) (7)
Proceeds from business divestitures 66 0 0
Net cash used in investing activities (1,177) (646) (590)
Cash flows from financing activities:      
Payments of short-term borrowings with original maturities less than 90 days, net 0 0 (10)
Proceeds from debt, net of issuance costs 1,385 380 255
Payment of debt and other associated costs (1,387) (213) (1,700)
Stock-based award activities and others (126) (74) (99)
Repurchase of common stock (850) (2,100) (100)
Cash dividends paid (1,088) (1,075) (1,037)
Collateral returned for derivative instruments 0 0 (200)
Settlement of cash flow hedges 6    
Settlement of cash flow hedges   0 (3)
Net cash used in financing activities (2,060) (3,082) (2,894)
Increase in cash, cash equivalents and restricted cash 460 21 87
Cash, cash equivalents and restricted cash at beginning of period 3,253 3,232 3,145
Cash, cash equivalents and restricted cash at end of period (1) 3,713 3,253 3,232
Supplemental cash flow disclosures:      
Income taxes paid, net of refunds 535 649 398
Interest expense paid $ 437 $ 441 $ 548
v3.25.3
Consolidated Statements of Cash Flows (Parenthetical)
$ in Millions
Oct. 31, 2025
USD ($)
Statement of Cash Flows [Abstract]  
Cash, held-for-sale $ 8
v3.25.3
Consolidated Statements of Stockholders’ Deficit - USD ($)
shares in Thousands, $ in Millions
Total
Common Stock
Additional Paid-in Capital
Accumulated Deficit
Accumulated Other Comprehensive (Loss) Income
Balance (in shares) at Oct. 31, 2022   979,869      
Balance at the beginning of period at Oct. 31, 2022 $ (3,025) $ 10 $ 1,172 $ (4,492) $ 285
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Net earnings 3,263     3,263  
Other comprehensive loss, net of taxes (508)       (508)
Comprehensive income 2,755        
Issuance of common stock in connection with employee stock plans and other (in shares)   12,537      
Issuance of common stock in connection with employee stock plans and other $ (100)   (100)    
Repurchases of common stock (Note 12) (in shares) (3,600) (3,624)      
Repurchases of common stock (Note 12) $ (100)   (5) (95)  
Cash dividends (1,037)     (1,037)  
Stock-based compensation expense 438   438    
Balance (in shares) at Oct. 31, 2023   988,782      
Balance at the end of period at Oct. 31, 2023 (1,069) $ 10 1,505 (2,361) (223)
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Net earnings 2,775     2,775  
Other comprehensive loss, net of taxes (211)       (211)
Comprehensive income 2,564        
Issuance of common stock in connection with employee stock plans and other (in shares)   13,063      
Issuance of common stock in connection with employee stock plans and other $ (74)   (74)    
Repurchases of common stock (Note 12) (in shares) (62,700) (62,856)      
Repurchases of common stock (Note 12) $ (2,126) $ (1) (110) (2,015)  
Cash dividends (1,075)     (1,075)  
Stock-based compensation expense 452   452    
Other $ 5   5    
Balance (in shares) at Oct. 31, 2024 939,000 938,989      
Balance at the end of period at Oct. 31, 2024 $ (1,323) $ 9 1,778 (2,676) (434)
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Net earnings 2,529     2,529  
Other comprehensive loss, net of taxes (23)       (23)
Comprehensive income 2,506        
Issuance of common stock in connection with employee stock plans and other (in shares)   11,783      
Issuance of common stock in connection with employee stock plans and other $ (109)   (109)    
Repurchases of common stock (Note 12) (in shares) (29,600) (29,623)      
Repurchases of common stock (Note 12) $ (853)   (62) (791)  
Cash dividends (1,088)     (1,088)  
Stock-based compensation expense 522   522    
Other $ (1)     (1)  
Balance (in shares) at Oct. 31, 2025 921,000 921,149      
Balance at the end of period at Oct. 31, 2025 $ (346) $ 9 $ 2,129 $ (2,027) $ (457)
v3.25.3
Consolidated Statements of Stockholders' Deficit (Parenthetical) - $ / shares
 12 Months Ended
Oct. 31, 2025
Oct. 31, 2024
Oct. 31, 2023
Statement of Stockholders' Equity [Abstract]      
Cash dividends (in dollars per share) $ 1.16 $ 1.10 $ 1.05
v3.25.3
Summary of Significant Accounting Policies
 12 Months Ended
Oct. 31, 2025
Accounting Policies [Abstract]  
Summary of Significant Accounting Policies Summary of Significant Accounting Policies
Basis of Presentation
The accompanying Consolidated Financial Statements of HP and its wholly-owned subsidiaries are prepared in conformity with U.S. GAAP.
Principles of Consolidation
The Consolidated Financial Statements include the accounts of HP and its subsidiaries and affiliates in which HP has a controlling financial interest or is the primary beneficiary. All intercompany balances and transactions have been eliminated.
Reclassifications
HP has reclassified certain prior-year amounts to conform to the current-year presentation.
Use of Estimates
The preparation of financial statements in accordance with U.S. GAAP requires management to make estimates and assumptions that affect the amounts reported in HP’s Consolidated Financial Statements and accompanying notes. Actual results may differ materially from those estimates.
Foreign Currency Translation
HP predominantly uses the U.S. dollar as its functional currency. Assets and liabilities denominated in non-U.S. dollars are remeasured into U.S. dollars at current exchange rates for monetary assets and liabilities and at historical exchange rates for non-monetary assets and liabilities. Net revenue, costs and expenses denominated in non-U.S. dollars are recorded in U.S. dollars at exchange rates in effect during each period. HP includes gains or losses from foreign currency remeasurement in Interest and other, net in the Consolidated Statements of Earnings. Certain foreign subsidiaries designate the local currency as the functional currency, and HP records the translation of their assets and liabilities into U.S. dollars at the balance sheet dates as translation adjustments and includes them as a component of Accumulated other comprehensive loss.
Recently Adopted Accounting Pronouncements
In September 2022, the Financial Accounting Standards Board (“FASB”) issued guidance that enhances the transparency about the use of supplier finance programs. Under the new guidance, companies that use a supplier finance program in connection with the purchase of goods or services are required to disclose information about those programs to allow users of financial statements to understand the nature, activity during the period, changes from period to period, and potential magnitude. HP adopted this guidance in the first quarter of fiscal year 2024, except for the disclosure on roll forward information which was adopted for its annual period ending October 31, 2025, in line with the effective adoption dates prescribed by the FASB. See Note 7, “Supplementary Financial Information,” for additional disclosure related to HP’s supplier finance programs.
In November 2023, the FASB issued guidance that updates reportable segment disclosure requirements primarily through enhanced disclosures about significant segment expenses and information used to assess segment performance on an annual and interim basis. HP adopted this guidance for its annual period ending October 31, 2025. While the adoption of this standard did not have a material impact on the Company’s Consolidated Financial Statements, the new guidance resulted in increased disclosures on reportable segments in Note 2 of the Notes to the Consolidated Financial Statements.
Recently Issued Accounting Pronouncements Not Yet Adopted
In November 2024, the FASB issued guidance that requires disaggregation of specific expense categories in disclosures within the footnotes to the financial statements on an annual and interim basis. HP is required to adopt this guidance for its annual period ending October 31, 2028 and all interim periods thereafter on a prospective basis. Early adoption is permitted. HP is currently evaluating the impact of this guidance on its disclosures.
In December 2023, the FASB issued guidance that enhances the transparency of income tax disclosures by expanding annual disclosure requirements related to the rate reconciliation and income taxes paid. HP is required to adopt this guidance for its annual period ending October 31, 2026, which will result in increased disclosures in the Notes to its Consolidated Financial Statements.
Revenue Recognition
General
HP recognizes revenues at a point in time or over time depicting the transfer of promised goods or services to customers in an amount that reflects the consideration to which HP expects to be entitled in exchange for those goods or services. HP follows the five-step model for revenue recognition as summarized below:
1.Identify the contract with a customer - A contract with customer exists when (i) it is approved and signed by all parties, (ii) each party’s rights and obligations can be identified, (iii) payment terms are defined, (iv) it has commercial substance and (v) the customer has the ability and intent to pay. HP evaluates customers’ ability to pay based on various factors like historical payment experience, financial metrics and customer credit scores. While the majority of our sales contracts contain standard terms and conditions, there are certain contracts with non-standard terms and conditions.
2.Identify the performance obligations in the contract - HP evaluates each performance obligation in an arrangement to determine whether it is distinct, such as hardware and/or service. A performance obligation constitutes distinct goods or services when the customer can benefit from such goods or services either on its own or together with other resources that are readily available to the customer and the performance obligation is distinct within the context of the contract.
3.Determine the transaction price - Transaction price is the amount of consideration to which HP expects to be entitled in exchange for transferring goods or services to the customer. If the transaction price includes a variable amount, HP estimates the amount it expects to be entitled to using either the expected value or the most likely amount method. HP reduces the transaction price at the time of revenue recognition for customer and distributor programs and incentive offerings, rebates, promotions, and other volume-based incentives. HP uses estimates to determine the expected variable consideration for such programs based on factors like historical experience, expected consumer behavior and market conditions. HP has elected the practical expedient of not accounting for significant financing components if the period between revenue recognition and when the customer pays for the product or service is one year or less.
4.Allocate the transaction price to performance obligations in the contract - When a sales arrangement contains multiple performance obligations, such as hardware and/or services, HP allocates the transaction price to each performance obligation in proportion to its Standalone Selling Price (“SSP”). HP establishes SSP using the price charged for a performance obligation when sold separately (“observable price”) and, in some instances, using the price established by management having the relevant authority. When observable price is not available, HP establishes SSP maximizing the use of observable inputs based on management judgment while considering internal factors such as historical discounting trends for products and services, pricing practices and other observable factors.
5.Recognize revenue when (or as) the performance obligation is satisfied - Revenue is recognized when, or as, a performance obligation is satisfied by transferring control of a promised good or service to a customer. HP generally invoices the customer upon delivery of the goods or services and the payments are due as per contract terms. For fixed price support or maintenance contracts that are stand-ready obligations, payments are generally received in advance from customers and revenue is recognized on a straight-line basis over the duration of the contract.
HP reports revenue net of any taxes collected from customers and remitted to government authorities, and the collected taxes are recorded as other current liabilities until remitted to the relevant government authority. HP includes costs related to shipping and handling in Cost of net revenue.
HP records revenue on a gross basis when HP is a principal in the transaction and on a net basis when HP is acting as an agent between the customer and the vendor. HP considers several factors to determine whether it is acting as a principal or an agent, most notably whether HP is the primary obligor to the customer, has established its own pricing and has inventory risks.
Hardware
HP transfers control of the products to the customer at the time the product is delivered to the customer and recognizes revenue accordingly, unless customer acceptance is uncertain or significant obligations to the customer remain unfulfilled. HP records revenue from the sale of equipment under sales-type leases as revenue at the commencement of the lease.
Services
HP recognizes revenue from fixed-price support, maintenance and other service contracts over time depicting the pattern of service delivery and recognizes the costs associated with these contracts as incurred.
Contract Assets and Liabilities
Contract assets are rights to consideration in exchange for goods or services that HP has transferred to a customer when such right is conditional on something other than the passage of time. Such contract assets are not material to HP’s Consolidated Financial Statements.
Contract liabilities are recorded as deferred revenues when amounts invoiced to customers are more than the revenues recognized or when payments are received in advance for fixed-price support or maintenance contracts. The short-term and long-term deferred revenues are reported within the Other current liabilities and Other non-current liabilities respectively.
Cost to obtain a contract and fulfillment cost
Incremental direct costs of obtaining a contract primarily consist of sales commissions. HP has elected the practical expedient to expense as incurred the costs to obtain a contract with a benefit period equal to or less than one year. For contracts with a period of benefit greater than one year, HP capitalizes incremental costs of obtaining a contract with a customer and amortizes these costs over their expected period of benefit provided such costs are recoverable.
Fulfillment costs consist of set-up and transition costs related to other service contracts. These costs generate or enhance resources of HP that will be used in satisfying the performance obligation in the future and are capitalized and amortized over the expected period of the benefit, provided such costs are recoverable.
Leases
At the inception of a contract, HP assesses whether the contract is, or contains, a lease. The assessment is based on (1) whether the contract involves the use of a distinct identified asset, (2) whether HP obtains the right to substantially all the economic benefit from the use of the asset throughout the period, and (3) whether HP has the right to direct the use of the asset.
All significant lease arrangements are recognized at lease commencement. Leases with a lease term of 12 months or less at inception are not recorded on the Consolidated Balance Sheets and are expensed on a straight-line basis over the lease term in the Consolidated Statement of Earnings. HP determines the lease term by assuming the exercise of renewal options that are reasonably certain. As most of the leases do not provide an implicit interest rate, HP uses the unsecured borrowing rate and risk-adjusts that rate to approximate a collateralized rate at the commencement date to determine the present value of future payments that are reasonably certain.
Stock-Based Compensation
HP determines stock-based compensation expense based on the measurement date fair value of the award. HP recognizes compensation cost only for those awards expected to meet the service and performance vesting conditions on a straight-line basis over the requisite service period of the award. HP determines compensation costs at the aggregate grant level for service-based awards and at the individual vesting tranche level for awards with performance and/or market conditions. HP estimates the forfeiture rate based on its historical experience. 
Retirement and Post-Retirement Plans
HP has various defined benefit, other contributory and non-contributory retirement and post-retirement plans. HP generally amortizes unrecognized actuarial gains and losses on a straight-line basis over the average remaining estimated service life of participants. In limited cases, HP amortizes actuarial gains and losses using the corridor approach. See Note 4, “Retirement and Post-Retirement Benefit Plans” for a full description of these plans and the accounting and funding policies.
Advertising Cost
Costs to produce advertising are expensed as incurred during production. Costs to communicate advertising are expensed when the advertising is first run. Such costs totaled approximately $718 million, $628 million and $611 million in fiscal years 2025, 2024 and 2023, respectively.
Restructuring and Other Charges
HP records charges associated with management-approved restructuring plans to reorganize one or more of HP’s business segments, to remove duplicative headcount and infrastructure associated with business acquisitions or to simplify business processes and accelerate innovation. Restructuring charges can include severance costs to reduce a specified number of employees, enhanced early retirement incentives, infrastructure charges to vacate facilities and consolidate operations, and contract cancellation costs. HP records restructuring charges based on estimated employee terminations, committed early retirements and site closure and consolidation plans. HP accrues for severance and other employee separation costs under these actions when it is probable that benefits will be paid and the amount is reasonably estimable. The rates used in determining severance accruals are based on existing plans, historical experiences and negotiated settlements. Other charges include non-recurring costs, including those as a result of information technology rationalization efforts and transformation program management costs, and are distinct from ongoing operational costs. These costs primarily relate to third-party professional services and other non-recurring costs.
Taxes on Earnings
HP recognizes deferred tax assets and liabilities for the expected tax consequences of temporary differences between the tax bases of assets and liabilities and their reported amounts using enacted tax rates in effect for the year the differences are expected to reverse. HP records a valuation allowance to reduce the deferred tax assets to the amount that is more likely than not to be realized.
HP records accruals for uncertain tax positions when HP believes that it is not more likely than not that the tax position will be sustained on examination by the taxing authorities based on the technical merits of the position. HP makes adjustments to these accruals when facts and circumstances change, such as the closing of a tax audit or the refinement of an estimate. The provision for income taxes includes the effects of adjustments for uncertain tax positions, as well as any related interest and penalties.
HP is subject to the Global Intangible Low-Taxed Income (“GILTI”) tax in the U.S. and elects to recognize these taxes as a current expense in the period incurred.
Accounts Receivable
HP records allowance for credit losses for the current expected credit losses inherent in the asset over its expected life. The allowance for credit losses is maintained based on the relevant information about past events, including historical experience, current conditions, and reasonable and supportable forecasts that affect the collectability of the reported amount.
HP records a specific reserve for individual accounts when HP becomes aware of specific customer circumstances, such as in the case of a bankruptcy filing or deterioration in the customer’s operating results or financial position. If there are additional changes in circumstances related to the specific customer, HP further adjusts estimates of the recoverability of receivables. HP assesses collectability by pooling receivables where similar risk characteristics exist.
HP maintains an allowance for credit losses for all other customers based on a variety of factors, including the use of third-party credit risk models that generate quantitative measures of default probabilities based on market factors, financial condition of customers, length of time receivables are past due, trends in the weighted-average risk rating for the portfolio, macroeconomic conditions, information derived from competitive benchmarking, significant one-time events, and historical experience. The past due or delinquency status of a receivable is based on the contractual payment terms of the receivable.
HP utilizes certain third-party arrangements in the normal course of business as part of HP’s cash and liquidity management and also to provide liquidity to certain partners to facilitate their working capital requirements. These financing arrangements, which in certain cases provide for partial recourse, result in the transfer of HP’s trade receivables to a third-party. HP reflects amounts transferred to, but not yet collected from the third-party in Accounts receivable in the Consolidated Balance Sheets. For arrangements involving an element of recourse, the fair value of the recourse obligation is measured using market data from similar transactions and reported as a current liability in the Consolidated Balance Sheets.
Concentrations of Risk
Financial instruments that potentially subject HP to significant concentrations of credit risk consist principally of cash and cash equivalents, investments, receivables from trade customers and contract manufacturers and derivatives.
HP maintains cash and cash equivalents, investments, derivatives and certain other financial instruments with various financial institutions. These financial institutions are located in many different geographic regions, and HP’s policy is designed to limit exposure from any particular institution. As part of its risk management processes, HP performs periodic evaluations of the relative credit standing of these financial institutions. HP has not sustained material credit losses from instruments held at these financial institutions. HP utilizes derivative contracts to protect against the effects of foreign currency, interest rate and, on certain investment exposures. Such contracts involve the risk of non-performance by the counterparty, which could result in a material loss. The likelihood of which HP deems to be remote.
HP sells a significant portion of its products through third-party distributors and resellers and, as a result, maintains individually significant receivable balances with these parties. If the financial condition or operations of these distributors’ and resellers’ aggregated business deteriorates substantially, HP’s operating results could be adversely affected. The ten largest distributor and reseller receivable balances, which were concentrated primarily in North America and Europe, collectively represented approximately 47% and 38% of gross accounts receivable as of October 31, 2025 and 2024, respectively. One customer, TD Synnex Corp, accounted for 12.6% of gross accounts receivable as of October 31, 2025 and 9.7% of gross accounts receivable as of October 31, 2024. Credit risk with respect to other accounts receivable is generally diversified due to HP’s large customer base and their dispersion across many different industries and geographic markets. HP performs ongoing credit evaluations of the financial condition of its third-party distributors, resellers and other customers and may require collateral, such as letters of credit and bank guarantees, in certain circumstances. 
HP utilizes outsourced manufacturers around the world to manufacture HP-designed products. HP may purchase product components from suppliers and sell those components to its outsourced manufacturers thereby creating receivable balances from the outsourced manufacturers. The three largest outsourced manufacturer receivable balances collectively represented 94% and 89% of HP’s supplier receivables of $0.6 billion and $0.8 billion as of October 31, 2025 and 2024, respectively. HP includes the supplier receivables in Other current assets in the Consolidated Balance Sheets on a gross basis. HP’s credit risk associated with these receivables is mitigated wholly or in part, by the amount HP owes to these outsourced manufacturers, as HP generally has the legal right to offset its payables to the outsourced manufacturers against these receivables. HP does not reflect the sale of these components in net revenue and does not recognize any profit on these component sales until the related products are sold by HP, at which time any profit is recognized as a reduction to cost of products net revenue. 
HP obtains a significant number of components from single source suppliers like Canon, due to technology, availability, price, quality or other considerations. The loss of a single source supplier, the deterioration of HP’s relationship with a single source supplier, or any unilateral modification to the contractual terms under which HP is supplied components by a single source supplier could adversely affect HP’s net revenue, cash flows and gross margins.
Inventory
HP records inventory at the lower of cost or net realizable value on a first-in, first-out basis. Cost is computed using standard cost which approximates actual cost. Adjustments, if required, to reduce the cost of inventory to net realizable value are made for estimated excess, obsolete or impaired balances after considering judgments related to future demand and market conditions.
Property, Plant and Equipment, Net
HP reflects property, plant and equipment at cost less accumulated depreciation. HP capitalizes additions and improvements and expenses maintenance and repairs as incurred. Depreciation expense is recognized on a straight-line basis over the estimated useful lives of the assets. Estimated useful lives are five to 40 years for buildings and improvements and three to 15 years for machinery and equipment. HP depreciates leasehold improvements over the life of the lease or the asset, whichever is shorter. HP depreciates equipment held for lease over the initial term of the lease to the equipment’s estimated residual value. On retirement or disposition, the asset cost and related accumulated depreciation are removed from the Consolidated Balance Sheets with any gain or loss recognized in the Consolidated Statements of Earnings.
Internal Use Software and Cloud Computing Arrangements
HP capitalizes external costs and directly attributable internal costs to acquire or create internal use software which are incurred subsequent to the completion of the preliminary project stage. These costs relate to activities such as software design, configuration, coding, testing, and installation. Costs related to post-implementation activities such as training and maintenance are expensed as incurred. Once the software is substantially complete and ready for its intended use, capitalized development costs are amortized straight-line over the estimated useful life of the software, generally not to exceed five years.
HP also enters into certain cloud-based software hosting arrangements that are accounted for as service contracts. For internal-use software obtained through a hosting arrangement that is in the nature of a service contract, HP incurs certain implementation costs such as integrating, configuring, and software customization, which are consistent with costs incurred during the application development stage for on-premise software. HP applies the same guidance to determine costs that are eligible for capitalization. For these arrangements, HP amortizes the capitalized development costs straight-line over the fixed, non-cancellable term of the associated hosting arrangement plus any reasonably certain renewal periods. HP also applies the same impairment model to both internal-use software and capitalized implementation costs in a software hosting arrangement that is in the nature of a service contract.
Goodwill
HP reviews goodwill for impairment annually during its fourth quarter and whenever events or changes in circumstances indicate the carrying amount of goodwill may not be recoverable. HP can elect to perform a qualitative assessment to test a reporting unit’s goodwill for impairment or directly perform the quantitative impairment test. Based on the qualitative assessment, if HP determines that the fair value of a reporting unit is more likely than not (i.e., a likelihood of more than 50 percent) to be less than its carrying amount, a quantitative impairment test will be performed.
If a quantitative impairment test is performed, HP compares the fair value of each reporting unit to its carrying amount. The fair values are derived most significantly from the income approach, with lesser weight attributed to the market approach. Under the income approach, HP estimates the fair value of a reporting unit based on the present value of estimated future cash flows. Cash flow projections are based on management’s estimates of revenue growth rates and operating margins, taking into consideration industry and market conditions. The discount rate is based on the weighted-average cost of capital adjusted for the relevant risk associated with business-specific characteristics and the uncertainty related to the reporting unit’s ability to execute on the projected cash flows. Under the market approach, HP estimates fair value based on market multiples of earnings derived from comparable publicly-traded companies with similar operating and investment characteristics as the reporting unit. HP weights the fair value derived from the market approach depending on the level of comparability of these publicly-traded companies to the reporting unit. When market comparables are not meaningful or not available, HP estimates the fair value of a reporting unit using only the income approach.
If the fair value of a reporting unit exceeds the carrying amount of the net assets assigned to that reporting unit, goodwill is not impaired. If the fair value of the reporting unit is less than its carrying amount, goodwill is impaired and the excess of the reporting unit’s carrying value over the fair value is recognized as an impairment loss.
Debt and Marketable Equity Securities Investments
HP determines the appropriate classification of its investments at the time of purchase and re-evaluates the classifications at each balance sheet date. Debt and marketable equity securities are generally considered available-for-sale. All highly liquid investments with maturities of three months or less at the date of purchase are classified as cash equivalents. Marketable debt securities with maturities of twelve months or less are classified as short-term investments and marketable debt securities with maturities greater than twelve months are classified based on their availability for use in current operations. Marketable equity securities, including mutual funds, are classified as either short or long-term based on the nature of each security and its availability for use in current operations.
Available-for-sale debt securities are reported at fair value with unrealized gains and losses, net of applicable taxes, in Accumulated other comprehensive loss. Unrealized gains and losses on equity securities, credit losses and impairments on available-for-sale debt securities are recorded in Consolidated Statements of Earnings. Realized gains and losses on available-for-sale securities are calculated at the individual security level and included in Interest and other, net in the Consolidated Statements of Earnings.
HP monitors its investment portfolio for potential impairment and credit losses on a quarterly basis. If HP intends to sell a debt security or it is more likely than not that HP will be required to sell the security before recovery, then a decline in fair value below cost is recorded as an impairment charge in Interest and other, net and a new cost basis in the investment is established.
In other cases, if the carrying amount of an investment in debt securities exceeds its fair value and the decline in value is determined to be due to credit related reasons, HP records a credit loss allowance, limited by the amount that fair value is less than the amortized cost basis. HP recognizes the corresponding charge in Interest and other, net and the remaining unrealized loss, if any, in Accumulated other comprehensive loss in the Consolidated Balance Sheets. Factors that HP considers while determining the credit loss allowance includes, but is not limited to, severity and the reason for the decline in value, interest rate changes and counterparty long-term ratings.
Derivatives
HP uses derivative instruments, primarily forward contracts, option contracts, interest rate swaps, total return swaps, treasury rate locks and forward starting swaps to hedge certain foreign currency, interest rate and, return on certain investment exposures. HP also may use other derivative instruments not designated as hedges, such as forwards used to hedge foreign currency balance sheet
exposures. HP does not use derivative instruments for speculative purposes. See Note 10, “Financial Instruments” for a full description of HP’s derivative instrument activities and related accounting policies.
Legal Contingencies
HP is involved in various lawsuits, claims, investigations and proceedings that arise in the ordinary course of business. HP records a liability for contingencies when it believes it is both probable that a liability has been incurred and the amount of the loss can be reasonably estimated. See Note 14, “Litigation and Contingencies” for a full description of HP’s loss contingencies and related accounting policies.
Government Assistance
HP recognizes government assistance in its financial statements when there is reasonable assurance that the assistance will be received and HP will comply with the specified conditions thereof.
Government assistance related to capital expenditures are deducted from property, plant and equipment, net and recognized in the Consolidated Statements of Earnings as a reduction to depreciation and amortization expense over the remaining useful life of the associated assets.
Government assistance related to income are recognized in the Consolidated Statements of Earnings as a reduction to the related expenses, in the period the expenses are incurred, based on the underlying nature and purpose of the assistance.
v3.25.3
Segment Information
 12 Months Ended
Oct. 31, 2025
Segment Reporting [Abstract]  
Segment Information Segment Information
HP’s operations are organized into three reportable segments: Personal Systems, Printing, and Corporate Investments. The Company’s Chief Executive Officer is the Chief Operating Decision Maker (“CODM”). HP’s organizational structure is based on many factors that the CODM uses to evaluate, view and run the business operations, which include, but are not limited to, customer base and homogeneity of products and technology. The segments are based on this organizational structure and information reviewed by HP’s CODM to evaluate segment results. The CODM uses earnings from operations to evaluate the performance of the overall business and to allocate resources to each of the segments, primarily through budgeting and segment performance reviews.
The accounting policies HP uses to derive segment results are substantially the same as those used by HP in preparing these financial statements. HP derives the results of the business segments directly from its internal management reporting system.
HP does not allocate certain operating expenses, which it manages at the corporate level, to its segments. These unallocated amounts include expenses such as certain corporate governance costs and infrastructure investments, stock-based compensation expense, restructuring and other charges, acquisition and divestiture charges, amortization of intangible assets and certain litigation (charges) benefits, net.
Significant Segment Expenses and Operating Results
 For the fiscal years ended October 31
 202520242023
 In millions
Net revenue
   
Commercial PS$27,438 $25,486 $24,712 
Consumer PS
11,094 10,709 10,972 
Personal Systems38,532 36,195 35,684 
Supplies10,916 11,295 11,452 
Commercial Printing4,633 4,841 5,250 
Consumer Printing1,153 1,202 1,327 
Printing16,702 17,338 18,029 
Corporate Investments62 25 7 
Total segment net revenue55,296 53,558 53,720 
Other(1)1 (2)
Total net revenue$55,295 $53,559 $53,718 
Cost of net revenue
Personal Systems
$32,877 $30,385 $30,267 
Printing
10,871 11,233 11,847 
Corporate Investments
58 48 10 
Total segment cost of net revenue
$43,806 $41,666 $42,124 
Operating expenses
Personal Systems
$3,601 $3,557 $3,288 
Printing
2,713 2,815 2,783 
Corporate Investments
134 109 139 
Total segment operating expenses
$6,448 $6,481 $6,210 
Earnings before taxes
  
Personal Systems$2,054 $2,253 $2,129 
Printing3,118 3,290 3,399 
Corporate Investments(130)(132)(142)
Total segment earnings from operations5,042 5,411 5,386 
Corporate and unallocated costs and other(411)(381)(375)
Stock-based compensation expense(522)(452)(438)
Restructuring and other charges(405)(301)(527)
Acquisition and divestiture charges(45)(83)(240)
Amortization of intangible assets(345)(318)(350)
Certain litigation charges(140)(58)— 
Interest and other, net(1)
(506)(539)(519)
Total earnings before taxes$2,668 $3,279 $2,937 
(1)    Fiscal year 2025 includes Certain litigation benefits from a single litigation matter that does not relate to HP's ongoing business operations
Segment Assets
HP allocates assets to its business segments based on the segments primarily benefiting from the assets. Total assets by segment and the reconciliation of segment assets to HP consolidated assets were as follows:
 As of October 31
 20252024
 In millions
Personal Systems$24,928 $22,378 
Printing14,632 16,457 
Corporate Investments279 181 
Corporate and unallocated assets1,930 893 
Total assets$41,769 $39,909 
Major Customers
One customer, TD Synnex Corp, accounted for 12% of HP’s net revenue for fiscal year 2025. No single customer represented 10% or more of HP’s net revenue in fiscal year 2024 or 2023.
Geographic Information
Net revenue by country is based upon the sales location that predominately represents the customer location. Other than the United States, no country represented more than 10% of HP net revenue in any fiscal year presented.
Net revenue by country was as follows:
 For the fiscal years ended October 31
 202520242023
  In millions 
United States$19,212 $18,790 $18,829 
Other countries36,083 34,769 34,889 
Total net revenue$55,295 $53,559 $53,718 

Net property, plant and equipment by country in which HP operates was as follows:
 As of October 31
 20252024
 In millions
United States$1,647 $1,471 
Singapore338 335 
South Korea276 297 
Other countries788 811 
Total property, plant and equipment, net$3,049 $2,914 
 
No single country other than those represented above exceeded 10% or more of HP’s total net property, plant and equipment in any fiscal year presented.
v3.25.3
Restructuring and Other Charges
 12 Months Ended
Oct. 31, 2025
Restructuring and Related Activities [Abstract]  
Restructuring and Other Charges Restructuring and Other Charges
Summary of Restructuring Plans
HP’s restructuring activities in fiscal years 2025, 2024 and 2023 summarized by plan were as follows:
Fiscal 2023 Plan
Other prior year plans(1)
Total
Severance and EERNon-labor
In millions
Accrued balance as of October 31, 2022
$— $— $32 $32 
Charges402 41 1 444 
Cash payments(172)(15)(35)(222)
Non-cash and other adjustments(142)(2)(8)4 (146)
Accrued balance as of October 31, 2023
88 18 2 108 
Charges205 16 12 233 
Cash payments(173)(18)(5)(196)
Non-cash and other adjustments— (5)(2)(7)
Accrued balance as of October 31, 2024
120 11 7 138 
Charges266 61 — 327 
Cash payments(230)(14)(4)(248)
Non-cash and other adjustments4 (50)1 (45)
Accrued balance as of October 31, 2025
$160 $8 $4 $172 
Total costs incurred to date as of October 31, 2025
$873 $118 $878 $1,869 
Reflected in Consolidated Balance Sheet:
Other current liabilities$160 $3 $4 $167 
Other non-current liabilities$— $5 $— $5 
(1)    Primarily includes the fiscal 2020 plan along with other legacy plans, all of which are substantially complete. HP does not expect any further material activity associated with these plans.
(2)    Includes reclassification of liability related to the Enhanced Early Retirement ("EER") plan of $139 for certain healthcare and medical savings account benefits to pension and post-retirement plans. See Note 4 “Retirement and Post-Retirement Benefit Plans” for further information.
Fiscal 2026 Plan
On November 25, 2025, HP’s Board of Directors approved the Fiscal 2026 Plan intended to drive customer satisfaction, product innovation, and productivity through artificial intelligence adoption and enablement that HP expects will be implemented through fiscal 2028. HP expects to reduce global headcount by approximately 4,000 to 6,000 employees. HP estimates that it will incur pre-tax charges of approximately $650 million relating to labor and non-labor actions. HP expects to incur approximately $400 million in labor costs related to workforce reductions and expects the remaining costs to relate to non-labor actions and other charges.
Fiscal 2023 Plan
On November 18, 2022, HP’s Board of Directors approved the Fiscal 2023 Plan intended to enable digital transformation, portfolio optimization and operational efficiency that HP implemented through fiscal 2025. The Fiscal 2023 Plan is substantially complete. HP does not expect any further significant costs associated with the plan. Approximately 9,500 employees departed as part of the plan through a combination of employee exits and voluntary EER. HP incurred $873 million in severance costs and $347 million in infrastructure costs related to non-labor and other charges.

Other Charges
Other charges include non-recurring costs, including those as a result of information technology rationalization efforts and transformation program management costs, and are distinct from ongoing operational costs. These costs primarily relate to third-party professional services and other non-recurring costs. HP incurred $78 million, $68 million and $83 million of other charges in fiscal year 2025, 2024 and 2023, respectively.
v3.25.3
Retirement and Post-Retirement Benefit Plans
 12 Months Ended
Oct. 31, 2025
Retirement Benefits [Abstract]  
Retirement and Post-Retirement Benefit Plans Retirement and Post-Retirement Benefit Plans
Defined Benefit Plans
HP sponsors a number of defined benefit pension plans worldwide. The most significant defined benefit plan, the HP Inc. Pension Plan (“Pension Plan”) is a frozen plan in the United States.
HP reduces the benefit payable to certain U.S. employees under the Pension Plan for service before 1993, if any, by any amounts due to the employee under HP’s frozen defined contribution Deferred Profit-Sharing Plan (“DPSP”). As of October 31, 2025 and 2024, the fair value of HP’s DPSP plan assets was $278 million and $297 million, respectively. The DPSP obligations are equal to the plan assets and are recognized as an offset to the Pension Plan when HP calculates its defined benefit pension cost and obligations.
Post-Retirement Benefit Plans
HP sponsors retiree health and welfare benefit plans, of which the most significant are in the United States. Under the HP Inc. Retiree Welfare Benefits Plan, certain pre-2003 retirees and grandfathered participants with continuous service to HP since 2002 are eligible to receive partially subsidized medical coverage based on years of service at retirement. HP’s share of the premium cost is capped for all subsidized medical coverage provided under the HP Inc. Retiree Welfare Benefits Plan. HP currently leverages the employer group waiver plan process to provide HP Inc. Retiree Welfare Benefits Plan post-65 prescription drug coverage under Medicare Part D, thereby giving HP access to federal subsidies to help pay for retiree benefits. Effective January 1, 2026, Medicare-eligible retirees will receive the capped subsidy and enroll in individual market options through an exchange. 
Certain employees not grandfathered for partially subsidized medical coverage under the above programs, and employees hired after 2002 but before August 2008, are eligible for credits under the HP Inc. Retiree Welfare Benefits Plan. Credits offered after September 2008 are provided in the form of matching credits on employee contributions made to a voluntary employee beneficiary association upon attaining age 45 or as part of early retirement programs. On retirement, former employees may use these credits for the reimbursement of certain eligible medical expenses, including premiums required for coverage.
Defined Contribution Plans
HP offers various defined contribution plans for U.S. and non-U.S. employees. Total defined contribution expense was $132 million, $133 million, and $131 million in fiscal year 2025, 2024, and 2023, respectively.
U.S. employees are automatically enrolled in the HP Inc. 401(k) Plan when they meet eligibility requirements, unless they decline participation. The employer matching contributions in the HP Inc. 401(k) Plan is 100% of the first 4% of eligible compensation contributed by employees, and the employer match is vested after three years of employee service. Generally, an employee must be employed by HP Inc. on the last day of the calendar year to receive a match.
Pension and Post-Retirement Benefit Expense 
The components of HP’s pension and post-retirement benefit (credit) cost recognized in the Consolidated Statements of Earnings were as follows:
 For the fiscal years ended October 31
 202520242023202520242023202520242023
 U.S. Defined
Benefit Plans		Non-U.S. Defined
Benefit Plans		Post-Retirement
Benefit Plans
 In millions
Service cost$— $— $— $39 $37 $39 $1 $1 $1 
Interest cost214 228 217 43 46 41 14 15 15 
Expected return on plan assets(241)(246)(258)(57)(51)(53)(14)(15)(14)
Amortization and deferrals:      
Actuarial loss (gain)29 28 18 8 (1)4 (17)(15)(16)
Prior service cost (credit)— — — 7 6 5 (6)(10)(11)
Net periodic benefit cost (credit)
2 10 (23)40 37 36 (22)(24)(25)
Settlement loss
— — — 8 2 — — — — 
Special termination benefit cost— — 105 — — — — — 34 
Total periodic benefit cost (credit)
$2 $10 $82 $48 $39 $36 $(22)$(24)$9 
The components of net periodic benefit (credit) cost other than the service cost component are included in Interest and other, net in the Consolidated Statements of Earnings.
The weighted-average assumptions used to calculate the total periodic benefit (credit) cost were as follows: 
 For the fiscal years ended October 31
 202520242023202520242023202520242023
 U.S. Defined
Benefit Plans		Non-U.S. Defined
Benefit Plans		Post-Retirement
Benefit Plans
Discount rate5.3%6.2%5.7%3.2%3.9%3.5%5.2%6.0%5.6%
Expected increase in compensation levels2.0%2.0%2.0%2.7%3.0%3.0%—%—%—%
Expected long-term return on plan assets5.9%6.6%6.4%5.1%5.3%5.4%4.5%5.2%3.3%
Interest crediting rate
5.2%5.5%5.0%2.6%2.6%2.6%4.7%5.4%4.2%
Funded Status
The funded status of the defined benefit and post-retirement benefit plans was as follows:
 As of October 31
 202520242025202420252024
 U.S. Defined
Benefit Plans		Non-U.S. Defined
Benefit Plans		Post-Retirement
Benefit Plans
 In millions
Change in fair value of plan assets:      
Fair value of assets — beginning of year$4,218 $3,853 $1,085 $959 $317 $382 
Actual return on plan assets314 598 67 111 15 33 
Employer contributions26 26 43 53 5 4 
Participant contributions— — 15 17 25 28 
Benefits paid(250)(258)(38)(54)(48)(48)
Settlement(2)(1)(35)(28)— — 
Transfers
— — — — — (82)
Currency impact— — 67 27 — — 
Fair value of assets — end of year$4,306 $4,218 $1,204 $1,085 $314 $317 
Change in benefits obligation      
Projected benefit obligation — beginning of year$4,218 $3,854 $1,345 $1,185 $287 $299 
Service cost— — 39 37 1 1 
Interest cost214 228 43 46 14 15 
Participant contributions— — 15 17 25 28 
Actuarial loss (gain)
83 395 (16)116 (12)(8)
Benefits paid(250)(258)(38)(54)(48)(48)
Settlement(2)(1)(35)(28)— — 
Currency impact— — 79 26 — — 
Projected benefit obligation — end of year$4,263 $4,218 $1,432 $1,345 $267 $287 
Funded status at end of year$43 $— $(228)$(260)$47 $30 
Accumulated benefit obligation$4,263 $4,217 $1,325 $1,248 
The cumulative net actuarial losses for our defined pension plans and retiree welfare plans decreased year over year. These loss decreases were primarily due to higher than expected return on assets and increases in discount rates. The decrease in losses was partially offset due to plan experience and other assumption changes.
The weighted-average assumptions used to calculate the projected benefit obligations were as follows:
 For the fiscal years ended October 31
 202520242025202420252024
 U.S. Defined
Benefit Plans		Non-U.S. Defined
Benefit Plans		Post-Retirement
Benefit Plans
Discount rate5.3%5.3%3.5%3.2%5.2%5.2%
Expected increase in compensation levels2.0%2.0%2.8%2.7%—%—%
Interest crediting rate
5.1%5.2%2.6%2.6%4.6%4.7%
The net assets and liabilities for HP’s defined benefit and post-retirement benefit plans recognized on HP’s Consolidated Balance Sheet were as follows:
 As of October 31
 202520242025202420252024
 U.S. Defined
Benefit Plans		Non-U.S. Defined
Benefit Plans		Post-Retirement
Benefit Plans
 In millions
Other non-current assets$313 $277 $61 $50 $51 $35 
Other current liabilities(31)(31)(9)(10)(3)(4)
Other non-current liabilities(239)(246)(280)(300)(1)(1)
Funded status at end of year$43 $— $(228)$(260)$47 $30 
The following table summarizes the pre-tax net actuarial loss (gain) and prior service cost (credit) recognized in Accumulated other comprehensive income (loss) for the defined benefit and post-retirement benefit plans.
 As of October 31, 2025
 U.S. Defined
Benefit Plans		Non-U.S. Defined
Benefit Plans		Post-Retirement
Benefit Plans
 In millions
Net actuarial loss (gain)$553 $31 $(187)
Prior service cost (credit)— 28 (40)
Total recognized in Accumulated other comprehensive income (loss)$553 $59 $(227)
 
Defined benefit plans with projected benefit obligations exceeding the fair value of plan assets were as follows:
 As of October 31
 2025202420252024
 U.S. Defined
Benefit Plans		Non-U.S. Defined
Benefit Plans
 In millions
Aggregate fair value of plan assets$— $— $976 $894 
Aggregate projected benefit obligation$270 $277 $1,267 $1,207 
Defined benefit plans with accumulated benefit obligations exceeding the fair value of plan assets were as follows:
 As of October 31
 2025202420252024
 U.S. Defined
Benefit Plans		Non-U.S. Defined
Benefit Plans
 In millions
Aggregate fair value of plan assets$— $— $685 $610 
Aggregate accumulated benefit obligation$270 $277 $900 $859 

Total Plan Assets
The table below sets forth the total value of plan assets as of October 31, 2025. Refer to Note 9, “Fair Value” for details on fair value hierarchy. Certain investments that are measured using the Net Asset Value (“NAV”) per share as a practical expedient have not been categorized in the fair value hierarchy. 
 As of October 31, 2025
 U.S. Defined Benefit PlansNon-U.S. Defined Benefit PlansPost-Retirement Benefit Plans
 Level 1Level 2Level 3TotalLevel 1Level 2Level 3TotalLevel 1Level 2Level 3Total
 In millions
Asset category:   
Equity securities(1)
$— $18 $— $18 $9 $103 $— $112 $— $2 $— $2 
Debt securities(2)
Corporate
— 2,266 — 2,266 — 58 — 58 — 146 — 146 
Government
— 1,264 — 1,264 — 136 — 136 — 88 — 88 
Real estate funds— — — — — 16 — 16 — — — — 
Insurance contracts— — — — — 79 — 79 — — — — 
Common collective trusts and 103-12 Investment entities(3)
— — — — — 10 — 10 — — — — 
Investment funds(4)
31 — — 31 — 408 — 408 43 — 43 
Cash and cash equivalents(5)
5 28 — 33 25 1 — 26 — — — — 
Other(6)
(129)(11)— (140)— 9 — 9 (3)— (3)
Net plan assets subject to leveling at fair value
$(93)$3,565 $— $3,472 $34 $820 $— $854 $40 $236 $— $276 
Investments using NAV as a practical expedient(7)
834 350 38 
Total plan assets
$4,306 $1,204 $314 
     The table below sets forth the total plan assets as of October 31, 2024.
 As of October 31, 2024
 U.S. Defined Benefit PlansNon-U.S. Defined Benefit PlansPost-Retirement Benefit Plans
 Level 1Level 2Level 3TotalLevel 1Level 2Level 3TotalLevel 1Level 2Level 3Total
 In millions
Asset category:   
Equity securities(1)
$— $17 $— $17 $8 $109 $— $117 $— $— $— $— 
Debt securities(2)
Corporate
— 2,213 — 2,213 — 16 — 16 — 143 — 143 
Government
— 1,392 — 1,392 — 59 — 59 — 102 — 102 
Real estate funds— — — — — — — — — — — — 
Insurance contracts— — — — — 72 — 72 — — — — 
Common collective trusts and 103-12 Investment entities(3)
— — — — — 10 — 10 — — — — 
Investment funds(4)
10 — — 10 — 347 — 347 45 — 45 
Cash and cash equivalents(5)
17 23 — 40 21 1 — 22 — — — — 
Other(6)
(251)(147)— (398)— 116 — 116 (8)— (8)
Net plan assets subject to leveling at fair value
$(224)$3,498 $— $3,274 $29 $730 $— $759 $37 $245 $— $282 
Investments using NAV as a practical expedient(7)
944 326 35 
Total plan assets
$4,218 $1,085 $317 
(1)Investments in publicly traded equity securities are valued using the closing price on the measurement date as reported on the stock exchange on which the individual securities are traded.
(2)The fair value of corporate, government and asset-backed debt securities is based on observable inputs of comparable market transactions. Also included in this category is debt issued by national, state and local governments and agencies.
(3)Department of Labor 103-12 IE (Investment Entity) designation is for plan assets held by two or more unrelated employee benefit plans which includes limited partnerships and venture capital partnerships. Certain common collective trusts and interests in 103-12 entities are valued using NAV as a practical expedient.
(4)Includes publicly traded funds of investment companies that are registered with the SEC, funds that are not publicly traded and a non-U.S. fund-of-fund arrangement.
(5)Includes cash and cash equivalents such as short-term marketable securities. Cash and cash equivalents include money market funds, which are valued based on NAV. Other assets were classified in the fair value hierarchy based on the lowest level input (e.g., quoted prices and observable inputs) that is significant to the fair value measure in its entirety.
(6)Includes primarily reverse repurchase agreements, unsettled transactions, and derivative instruments.
(7)These investments include alternative investments, which primarily consist of private equities and hedge funds. The valuation of alternative investments, such as limited partnerships and joint ventures, may require significant management judgment. For alternative investments, valuation is based on NAV as reported by the asset manager or investment company and adjusted for cash flows, if necessary. In making such an assessment, a variety of factors are reviewed by management, including but not limited to the timeliness of NAV as reported by the asset manager and changes in general economic and market conditions subsequent to the last NAV reported by the asset manager.
•Private equities include limited partnerships such as equity, buyout, venture capital, real estate and other similar funds that invest in the United States and internationally where foreign currencies are hedged.
•Hedge funds include limited partnerships that invest both long and short primarily in common stocks and credit, relative value, event-driven equity, distressed debt and macro strategies. Management of the hedge funds has the ability to shift investments from value to growth strategies, from small to large capitalization stocks and bonds, and from a net long position to a net short position.
These investments also include Common Collective Trusts and 103-12 Investment Entities as defined in note (3) above and Investment Funds as defined in note (4) above.
 Plan Asset Allocations 
Refer to the fair value hierarchy table above for actual assets allocations across the benefit plans. The weighted-average target asset allocations across the benefit plans represented in the fair value tables above were as follows:
2025 Target Allocation
Asset Category
U.S. Defined
Benefit Plans
Non-U.S. Defined
Benefit Plans		Post-Retirement
Benefit Plans
Equity-related investments—%34.6%—%
Debt securities92.0%38.8%100.0%
Real estate—%9.1%—%
Cash and cash equivalents—%5.6%—%
Other8.0%11.9%—%
Total100.0%100.0%100.0%
Investment Policy 
HP’s investment strategy is to seek a competitive rate of return relative to an appropriate level of risk depending on the funded status of each plan and the timing of expected benefit payments. The majority of the plans’ investment managers employ active investment management strategies with the goal of outperforming the broad markets in which they invest. Risk management practices include diversification across asset classes and investment styles and periodic rebalancing toward asset allocation targets. A number of the plans’ investment managers are authorized to utilize derivatives for investment or liability exposures, and HP may utilize derivatives to affect asset allocation changes or to hedge certain investment or liability exposures.
The target asset allocation selected for each U.S. plan (pension and post-retirement) reflects a risk/return profile HP believes is appropriate relative to each plan’s liability structure and return goals. HP conducts periodic asset-liability studies for U.S. plans to model various potential asset allocations in comparison to each plan’s forecasted liabilities and liquidity needs. Due to the strong funded status for the U.S. Pension Plan, consistent with our policy, steps have been taken to de-risk the portfolio by reallocation of assets to liability hedging fixed-income investments.
Outside the United States, asset allocation decisions are typically made by an independent board of trustees for the specific plan. As in the United States, investment objectives are designed to generate returns that will enable the plan to meet its future obligations. HP reviews the investment strategy and where appropriate, can offer some assistance in the selection of investment managers, with final decisions on asset allocation and investment managers made by the board of trustees for the specific plan.
Basis for Expected Long-Term Rate of Return on Plan Assets
The expected long-term rate of return on plan assets reflects the expected returns for each major asset class in which the plan invests and the weight of each asset class in the target mix. Expected asset returns reflect the current yield on government bonds, risk premiums for each asset class and expected real returns which considers each country’s specific inflation outlook. Because HP’s investment policy is to employ primarily active investment managers who seek to outperform the broader market, the expected returns are adjusted to reflect the expected additional returns net of fees.
Retirement Incentive Program
As part of the Fiscal 2023 Plan, HP announced a voluntary EER program for its U.S. employees in January 2023. Voluntary participation in the EER program was limited to employees at least 55 years old with 10 or more years of service at HP. Employees accepted into the EER program left HP on dates ranging from March 15, 2023 to October 31, 2023. The U.S. defined benefit pension plan was amended to provide that the EER benefit was to be paid from the plan for eligible electing EER participants. The retirement incentive benefit was calculated as a lump sum based on years of service at HP at the time of retirement, ranging from 20 to 52 weeks of pay. As a result of this retirement incentive, HP recognized a special termination benefit (“STB”) expense of $105 million for the year ended October 31, 2023 as a restructuring charge. This expense is the present value of all additional benefits that HP will distribute from the pension plan assets.
All employees participating in the EER program were offered the opportunity to continue health care coverage at the active employee contribution rates for up to 36 months following retirement, but not beyond age 65 when Medicare is available. In addition, HP provided up to $12,000 in employer credits under the Retirement Medical Savings Account program. HP recognized an additional STB expense of $34 million as restructuring and other charges for the year ended October 31, 2023 for the health care incentives.
Future Contributions and Funding Policy
Our policy is to fund our pension plans so that we meet at least the minimum contribution required by local government, funding and taxing authorities. In fiscal year 2026, we expect to contribute approximately $43 million to non-U.S. pension plans, $31 million to cover benefit payments to U.S. non-qualified plan participants and $3 million to cover benefit claims for our post-retirement benefit plans.
Estimated Future Benefits Payments
As of October 31, 2025, HP estimates that the future benefits payments for the retirement and post-retirement plans are as follows:
Fiscal yearU.S. Defined
Benefit Plans		Non-U.S.
Defined
Benefit Plans		Post-Retirement
Benefit Plans
 In millions
2026$288 $63 $25 
2027279 63 23 
2028289 66 22 
2029301 69 22 
2030306 71 21 
Next five fiscal years to October 31, 2035
1,549 429 97 
v3.25.3
Stock-Based Compensation
 12 Months Ended
Oct. 31, 2025
Share-Based Payment Arrangement [Abstract]  
Stock-Based Compensation Stock-Based Compensation
HP’s stock-based compensation plans include incentive compensation plans and an employee stock purchase plan.
Stock-Based Compensation Expense and Related Income Tax Benefits for Operations
Stock-based compensation expense and the resulting tax benefits for operations were as follows:
 For the fiscal years ended October 31
 202520242023
 In millions
Stock-based compensation expense$522 $452 $438 
Income tax benefit(88)(77)(72)
Stock-based compensation expense, net of tax $434 $375 $366 
Cash received from option exercises under the HP Inc 2004 Stock Incentive Plan (the “2004 SIP”) and the HP Inc. 2021 Employee Stock Purchase Plan (the “2021 ESPP”) was $41 million, $72 million, and $51 million in fiscal year 2025, 2024, and 2023, respectively. The benefit realized for the tax deduction from option exercises in fiscal years 2025, 2024 and 2023 was $3 million, $1 million and $2 million, respectively.
Stock-Based Incentive Compensation Plans 
HP’s stock-based incentive compensation plan includes equity plan adopted in 2004, as amended and restated (“principal equity plan”). Stock-based awards granted under the equity plan includes restricted stock awards, stock options and performance-based awards. Employees meeting certain employment qualifications are eligible to receive stock-based awards. As of October 31, 2025, the aggregate number of shares of HP’s stock authorized for issuance under the principal equity plan is 668.8 million.
Restricted stock awards are non-vested stock awards that may include grants of restricted stock or restricted stock units. Restricted stock awards and cash-settled awards are generally subject to forfeiture if employment terminates prior to the lapse of the restrictions. Such awards generally vest one to three years from the date of grant. During the vesting period, ownership of the restricted stock cannot be transferred. Restricted stock has the same dividend and voting rights as common stock and is considered to be issued and outstanding upon grant. The dividends paid on restricted stock are non-forfeitable. Restricted stock units do not have the voting rights of common stock, and the shares underlying restricted stock units are not considered issued and outstanding upon grant. However, shares underlying restricted stock units are included in the calculation of diluted net EPS. Restricted stock units have forfeitable dividend equivalent rights equal to the dividend paid on common stock. HP expenses the fair value of restricted stock awards ratably over the period during which the restrictions lapse. The majority of restricted stock units issued by HP contain only service vesting conditions. HP also grants performance-adjusted restricted stock units which vest only on the satisfaction of both service and the achievement of certain performance goals including market conditions prior to the expiration of the awards.
Stock options granted under the principal equity plan are generally non-qualified stock options, but the principal equity plan permits some options granted to qualify as incentive stock options under the U.S. Internal Revenue Code. Stock options generally vest over three to four years from the date of grant. The exercise price of a stock option is equal to the closing price of HP’s stock on the option grant date. The majority of stock options issued by HP contain only service vesting conditions. HP grants performance-contingent stock options that vest only on the satisfaction of both service and market conditions prior to the expiration of the awards. No stock option awards were granted during the fiscal year 2025. The expenses associated with stock options were not material for any of the periods presented. As of October 31, 2025, the total unrecognized pre-tax stock-based compensation expense related to stock options was $0.2 million, which is expected to be recognized over a weighted-average vesting period of 0.1 years.
RSU and stock option grants provide for accelerated vesting in certain circumstances as defined in the plans and related grant agreements, including termination in connection with a change in control.
Restricted Stock Units
HP uses the closing stock price on the grant date to estimate the fair value of service-based restricted stock units. HP estimates the fair value of restricted stock units subject to performance-adjusted vesting conditions using a combination of the closing stock price on the grant date and a Monte Carlo simulation model. The assumptions used to measure the fair value of restricted stock units subject to performance-adjusted vesting conditions in the Monte Carlo simulation model were as follows:
 For the fiscal years ended October 31
 202520242023
Expected volatility(1)
34.0%33.9%44.4%
Risk-free interest rate(2)
4.0%4.1%4.0%
Expected performance period in years(3)
2.92.92.9
(1)The expected volatility was estimated using the historical volatility derived from HP’s common stock.
(2)The risk-free interest rate was estimated based on the yield on U.S. Treasury zero-coupon issues.
(3)The expected performance period was estimated based on the length of the remaining performance period from the grant date.

A summary of restricted stock units activity is as follows:
 As of October 31
 202520242023
 SharesWeighted-
Average
Grant Date
Fair Value
Per Share		SharesWeighted-
Average
Grant Date
Fair Value
Per Share		SharesWeighted-
Average
Grant Date
Fair Value
Per Share
 In thousands In thousands In thousands 
Outstanding at beginning of year31,868 $30 30,209 $31 28,688 $30 
Granted
20,759 $34 18,262 $32 18,500 $31 
Vested(14,912)$31 (14,483)$33 (15,291)$29 
Forfeited(3,092)$32 (2,120)$31 (1,688)$31 
Outstanding at end of year34,623 $32 31,868 $30 30,209 $31 
The total grant date fair value of restricted stock units vested in fiscal years 2025, 2024 and 2023 was $465 million, $471 million and $442 million, respectively. As of October 31, 2025, total unrecognized pre-tax stock-based compensation expense related to non-vested restricted stock units was $438 million, which is expected to be recognized over the remaining weighted-average vesting period of 1.4 years.
Employee Stock Purchase Plan
HP sponsors the 2021 ESPP, pursuant to which eligible employees may contribute up to 10% of base compensation, subject to certain income limits, to purchase shares of HP’s common stock. 
Pursuant to the terms of the 2021 ESPP, employees purchase stock under the 2021 ESPP at a price equal to 95% of HP’s closing stock price on the purchase date. No stock-based compensation expense was recorded in connection with those purchases because the criteria of a non-compensatory plan were met. The aggregate number of shares of HP’s stock authorized for issuance under the 2021 ESPP was 50 million.
Shares Reserved
Shares available for future grant and shares reserved for future issuance under the stock-based incentive compensation plans and the 2021 ESPP were as follows:
 As of October 31
 202520242023
 In thousands
Shares available for future grant100,719 144,553 133,033 
Shares reserved for future issuance139,863 181,463 169,503 
v3.25.3
Taxes on Earnings
 12 Months Ended
Oct. 31, 2025
Income Tax Disclosure [Abstract]  
Taxes on Earnings Taxes on Earnings
Provision for Taxes
The domestic and foreign components of earnings before taxes were as follows:
 For the fiscal years ended October 31
h202520242023
 In millions
U.S.$107 $537 $650 
Non-U.S.2,561 2,742 2,287 
 $2,668 $3,279 $2,937 
The provision for (benefit from) taxes on earnings was as follows:
For the fiscal years ended October 31
 202520242023
 In millions
U.S. federal taxes:   
Current$(188)$245 $226 
Deferred(121)34 (549)
Non-U.S. taxes:
Current328 357 337 
Deferred95 (193)(305)
State taxes:
Current(13)33 42 
Deferred38 28 (77)
 $139 $504 $(326)
 
The differences between the U.S. federal statutory income tax rate and HP’s effective tax rate were as follows:
 For the fiscal years ended October 31
 202520242023
U.S. federal statutory income tax rate from continuing operations21.0 %21.0 %21.0 %
State income taxes, net of federal tax benefit2.4 %2.2 %1.7 %
Impact of foreign earnings including GILTI and FDII, net(2.9)%(1.0)%(1.1)%
Research and development (“R&D”) credit(2.3)%(1.1)%(1.0)%
Valuation allowances(2.5)%(7.1)%(7.3)%
Uncertain tax positions and audit settlements(10.2)%1.0 %2.4 %
Changes in tax laws or rates enacted
1.4 %0.3 %(0.3)%
Impact of internal reorganization— %— %(27.4)%
Other, net(1.7)%0.1 %0.9 %
 5.2 %15.4 %(11.1)%
 
In fiscal year 2025, HP recorded $415 million of net income tax benefits related to non-recurring items in the provision for taxes. This amount included $273 million related to changes in uncertain tax positions, $80 million related to restructuring charges, $44 million related to changes in valuation allowances, $28 million related to the filing of tax returns in various jurisdictions, $22 million related to audit settlements in various jurisdictions, and $16 million related to litigation charges. These benefits were partially offset by $69 million of charges related to changes in tax rates.
In fiscal year 2024, HP recorded $214 million of net income tax benefits related to non-recurring items in the provision for taxes. This amount included $198 million related to changes in valuation allowances, $60 million related to restructuring charges, $14 million related to the filing of tax returns in various jurisdictions, and $11 million related to acquisition charges. These benefits were partially offset by $39 million of uncertain tax position charges and $25 million related to changes in tax rates.
In fiscal year 2023, HP recorded $1.1 billion of net income tax benefits related to non-recurring items in the provision for taxes. This amount included $726 million of tax effects related to internal reorganization, $255 million related to changes in valuation allowances, $101 million related to restructuring charges, $58 million related to the filing of tax returns in various jurisdictions, and $42 million related to acquisition charges. These benefits were partially offset by income tax charges of $60 million related to audit settlements in various jurisdictions, $27 million of uncertain tax position charges, and $25 million related to extinguishment of debt.
As a result of certain employment actions and capital investments HP has undertaken, income from manufacturing and services in certain countries is subject to reduced tax rates, and in some cases is wholly exempt from taxes, through 2029. The gross income tax benefits attributable to these actions and investments were estimated to be $153 million ($0.16 diluted net EPS) in fiscal year 2025, $217 million ($0.22 diluted net EPS) in fiscal year 2024 and $190 million ($0.19 diluted net EPS) in fiscal year 2023.

Uncertain Tax Positions
A reconciliation of unrecognized tax benefits is as follows:
 For the fiscal years ended October 31
 202520242023
 In millions
Balance at beginning of year$1,217 $1,137 $1,045 
Increases:  
For current year’s tax positions85 82 61 
For prior years’ tax positions14 52 186 
Decreases:
For prior years’ tax positions(79)(9)(35)
Statute of limitations expirations(338)(33)(8)
Settlements with taxing authorities(34)(12)(112)
Balance at end of year$865 $1,217 $1,137 
 
As of October 31, 2025, the amount of gross unrecognized tax benefits was $865 million, of which up to $656 million would affect HP’s effective tax rate if realized. Total gross unrecognized tax benefits decreased by $352 million for the twelve months ended October 31, 2025. HP recognizes interest income from favorable settlements and interest expense and penalties accrued on unrecognized tax benefits in the provision for taxes in the Consolidated Statements of Earnings. As of October 31, 2025, 2024 and 2023, HP had accrued $122 million, $135 million and $102 million, respectively, for interest and penalties.
HP engages in continuous discussions and negotiations with taxing authorities regarding tax matters in various jurisdictions. HP expects complete resolution of certain tax years with various tax authorities within the next 12 months. HP believes it is reasonably possible that its existing gross unrecognized tax benefits may be reduced by up to $42 million within the next 12 months, affecting HP’s effective tax rate if realized.
HP is subject to income tax in the United States and approximately 60 other countries and is subject to routine corporate income tax audits in many of these jurisdictions. In addition, HP is subject to numerous ongoing audits by federal, state and foreign tax authorities. The Internal Revenue Service (“IRS”) is conducting an audit of HP’s 2018 and 2019 income tax returns.
With respect to major state and foreign tax jurisdictions, HP is no longer subject to tax authority examinations for years prior to 2007. No material tax deficiencies have been assessed in major state or foreign tax jurisdictions related to ongoing audits as of October 31, 2025.
HP believes it has provided adequate reserves for all tax deficiencies or reductions in tax benefits that could result from federal, state and foreign tax audits. HP regularly assesses the likely outcomes of these audits in order to determine the appropriateness of HP’s tax provision. HP adjusts its uncertain tax positions to reflect the impact of negotiations, settlements, rulings, advice of legal counsel, and other information and events pertaining to a particular audit. However, income tax audits are inherently unpredictable and there can be no assurance that HP will accurately predict the outcome of these audits. The amounts ultimately paid on resolution of an audit
could be materially different from the amounts previously included in the Provision for taxes and therefore the resolution of one or more of these uncertainties in any particular period could have a material impact on net income or cash flows.
HP has not provided for U.S. federal income and foreign withholding taxes on $5.1 billion of undistributed earnings from non-U.S. operations as of October 31, 2025 because HP intends to reinvest such earnings indefinitely outside of the United States. Determination of the amount of unrecognized deferred tax liability related to these earnings is not practicable.
Deferred Income Taxes
 The significant components of deferred tax assets and deferred tax liabilities were as follows:
 As of October 31
 20252024
 In millions
Deferred tax assets:
Loss and credit carryforwards$6,792 $7,050 
Intercompany transactions—excluding inventory208 357 
Fixed assets107 113 
Warranty81 100 
Employee and retiree benefits226 242 
Deferred revenue244 240 
Capitalized research and development1,187 1,014 
Operating lease liabilities244 272 
Investment in partnership672 710 
Other393 395 
Gross deferred tax assets10,154 10,493 
Valuation allowances(6,479)(6,688)
Total deferred tax assets3,675 3,805 
Deferred tax liabilities:
Unremitted earnings of foreign subsidiaries(36)(107)
Right-of-use assets from operating leases(211)(235)
Intangible assets(121)(159)
Cash flow hedges(5)(24)
Total deferred tax liabilities(373)(525)
Net deferred tax assets$3,302 $3,280 
Deferred tax assets and liabilities included in the Consolidated Balance Sheets as follows:
 As of October 31
 20252024
 In millions
Deferred tax assets$3,318 $3,311 
Deferred tax liabilities(16)(31)
Total$3,302 $3,280 
 As of October 31, 2025, HP had recorded deferred tax assets for net operating loss (“NOL”) carryforwards as follows:
 Gross NOLsDeferred Taxes on NOLsValuation allowanceInitial Year of Expiration
 In millions
Federal$33 $7 $(1)2026
State1,817 97 (23)2026
Foreign24,134 6,471 (6,027)2028
Balance at end of year$25,984 $6,575 $(6,051)

As of October 31, 2025, HP had recorded deferred tax assets for various tax credit carryforwards as follows:
 CarryforwardValuation
Allowance		Initial Year of Expiration
 In millions
Tax credits in state and foreign jurisdictions$307 $(61)2026
U.S. R&D and other credits52 — 2045
Balance at end of year$359 $(61) 
 
Deferred Tax Asset Valuation Allowance
 
The deferred tax asset valuation allowance and changes were as follows:
 For the fiscal years ended October 31
 202520242023
 In millions
Balance at beginning of year$6,688 $6,994 $7,592 
Income tax (benefit) expense (230)(300)(650)
Goodwill, other comprehensive loss (income), currency translation and charges to other accounts21 (6)52 
Balance at end of year$6,479 $6,688 $6,994 
 
Gross deferred tax assets as of October 31, 2025, 2024, and 2023 were reduced by valuation allowances of $6.5 billion, $6.7 billion and $7.0 billion, respectively. In fiscal year 2025, the deferred tax asset valuation allowance decreased by $209 million primarily due to changes in tax rates in foreign jurisdictions. In fiscal year 2024, the deferred tax asset valuation allowance decreased by $306 million primarily due to an increase in the expected utilization of foreign net operating losses. In fiscal year 2023, the deferred tax asset valuation allowance decreased by $598 million primarily due to internal reorganization impacting foreign net operating losses and U.S. deferred tax assets that are anticipated to be realized at a lower effective rate than the federal statutory rate.
v3.25.3
Supplementary Financial Information
 12 Months Ended
Oct. 31, 2025
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Supplementary Financial Information Supplementary Financial Information
Cash, cash equivalents and restricted cash
 As of October 31
 20252024
 In millions
Cash and cash equivalents$3,690 $3,238 
Restricted cash(1)
15 15 
$3,705 $3,253 
(1)    Restricted Cash is related to amounts collected and held on behalf of a third-party for trade receivables previously sold.
Accounts Receivable
The allowance for credit losses related to accounts receivable and changes were as follows:
 For the fiscal years ended October 31
 202520242023
 In millions
Balance at beginning of period$83 $93 $107 
Current-period allowance for credit losses8 3 (2)
Deductions, net of recoveries(8)(13)(12)
Balance at end of period$83 $83 $93 
HP utilizes certain third-party arrangements in the normal course of business as part of HPs cash and liquidity management and also to provide liquidity to certain partners to facilitate their working capital requirements. These financing arrangements, which in certain circumstances may contain partial recourse, result in a transfer of HP’s receivables and risk to the third-party. As these transfers qualify as true sales under the applicable accounting guidance, the receivables are de-recognized from the Consolidated Balance Sheets upon transfer, and HP receives a payment for the receivables from the third-party within a mutually agreed upon time period. For arrangements involving an element of recourse, the recourse obligation is measured using market data from the similar transactions and reported as a current liability in the Consolidated Balance Sheets. The recourse obligations as of October 31, 2025 and 2024 were not material.
The following is a summary of the activity under these arrangements:
 For the fiscal years ended October 31
 202520242023
 In millions
Balance at beginning of year(1)
$284 $141 $185 
Trade receivables sold11,830 12,200 13,391 
Cash receipts(12,006)(12,063)(13,449)
Foreign currency and other9 6 14 
Balance at end of year(1)
$117 $284 $141 
(1)    Amounts outstanding from third parties reported in Accounts Receivable in the Consolidated Balance Sheets.
Inventory
 As of October 31
 20252024
 In millions
Finished goods$4,721 $4,338 
Purchased parts and fabricated assemblies3,791 3,382 
$8,512 $7,720 
Other Current Assets
As of October 31
 20252024
 In millions
Supplier and other receivables
$1,981 $2,180 
Prepaid and other current assets
1,577 1,462 
Value-added taxes receivable986 1,028 
$4,544 $4,670 

Property, Plant and Equipment, Net
 As of October 31
 20252024
 In millions
Land, buildings and leasehold improvements$2,619 $2,527 
Machinery and equipment, including equipment held for lease5,867 5,465 
8,486 7,992 
Accumulated depreciation(5,437)(5,078)
$3,049 $2,914 
Depreciation expense was $523 million, $501 million and $491 million in fiscal years 2025, 2024 and 2023, respectively.
Other Non-Current Assets
 As of October 31
 20252024
 In millions
Deferred tax assets
$3,318 $3,311 
Intangible assets
1,012 1,319 
Right-of-use assets
1,129 1,165 
Prepaid pension and post-retirement benefit assets
425 362 
Deposits and prepaid
316 322 
Other1,361 1,129 
 $7,561 $7,608 
Other Current Liabilities
 As of October 31
 20252024
 In millions
Sales and marketing programs$3,103 $3,060 
Deferred revenue1,609 1,446 
Other accrued taxes
1,258 1,233 
Employee compensation and benefit
965 970 
Warranty401 486 
Operating lease liabilities
401 443 
Tax liability297 291 
Other2,328 2,449 
 $10,362 $10,378 

Other Non-Current Liabilities
 As of October 31
 20252024
 In millions
Deferred revenue$1,632 $1,487 
Tax liability496 839 
Operating lease liabilities
815 787 
Pension, post-retirement, and post-employment liabilities
564 607 
Deferred tax liability16 31 
Other513 531 
 $4,036 $4,282 

Interest and Other, Net
 For the fiscal years ended October 31
 202520242023
 In millions
Interest expense on borrowings$(430)$(452)$(548)
Factoring costs
(125)(155)(136)
Certain litigation benefits
52 — — 
Net (loss) gain on debt extinguishment
— (3)107 
Non-operating retirement-related credits13 14 51 
Other, net(16)57 7 
 $(506)$(539)$(519)
Net Revenue by Region
 For the fiscal years ended October 31
 202520242023
 In millions
Americas$23,545 $23,251 $23,095 
Europe, Middle East and Africa18,596 18,044 17,819 
Asia-Pacific and Japan13,154 12,264 12,804 
Total net revenue$55,295 $53,559 $53,718 
Value of Remaining Performance Obligations
As of October 31, 2025, the estimated value of transaction price allocated to remaining performance obligations was $4.3 billion. HP expects to recognize approximately $1.9 billion of the unearned amount in next 12 months and $2.4 billion thereafter.
HP has elected the practical expedients and accordingly does not disclose the aggregate amount of the transaction price allocated to remaining performance obligations if:
•the contract has an original expected duration of one year or less; or
•the revenue from the performance obligation is recognized over time on an as-invoiced basis when the amount corresponds directly with the value to the customer; or
•the portion of the transaction price that is variable in nature is allocated entirely to a wholly unsatisfied performance obligation.
The remaining performance obligations are subject to change and may be affected by various factors, such as termination of contracts, contract modifications and adjustment for currency.
Costs of Obtaining Contracts and Fulfillment Cost
As of October 31, 2025, deferred contract fulfillment and acquisition costs balances were $33 million and $42 million, respectively, included in Other current assets and Other non-current assets in the Consolidated Balance Sheets. During the fiscal year ended October 31, 2025, the Company amortized $68 million of these costs.
As of October 31, 2024, deferred contract fulfillment and acquisition costs balances were $36 million and $50 million, respectively, included in Other current assets and Other non-current assets in the Consolidated Balance Sheets. During the fiscal year ended October 31, 2024, the Company amortized $86 million of these costs.
Contract Liabilities
As of October 31, 2025 and 2024, HP’s contract liabilities balances were $3.2 billion and $2.9 billion, respectively, included in Other current liabilities and Other non-current liabilities in the Consolidated Balance Sheets.
The increase in the contract liabilities balance for fiscal year 2025 was primarily driven by sales of fixed-price support and maintenance services, partially offset by $1.5 billion of revenue recognized that were included in the contract liabilities balance as of October 31, 2024.
As of October 31, 2024 and 2023, HP’s contract liabilities balances were $2.9 billion and $2.7 billion, respectively, included in Other current liabilities and Other non-current liabilities in the Consolidated Balance Sheets.
The increase in the contract liabilities balance for fiscal year 2024 was primarily driven by sales of fixed-price support and maintenance services, partially offset by $1.4 billion of revenue recognized that were included in the contract liabilities balance as of October 31, 2023.
Supplier Finance Programs
HP facilitates voluntary supplier finance programs to provide certain suppliers the opportunity to sell their right to HP’s payment obligations to participating financial institutions. Under these programs, HP agrees to pay the participating financial institutions the stated amount of confirmed invoices from its designated suppliers on the original maturity dates of the invoices. Participation by suppliers in these programs have no impact on the payment terms and amounts due from HP. HP does not have an economic interest in a supplier's participation in the program and is not a party to the agreement between the supplier and the financial institutions. In connection with these programs, HP does not pledge assets or other forms of guarantees as security for the committed payment to the participating financial institutions. For certain programs, HP pays a monthly service fee to a third-party administrator that provides the supplier finance platform and related support. HP and the participating financial institutions may terminate the agreement upon at least 30 days notice. As of October 31, 2025 and October 31, 2024, HP had $8.9 billion and $7.8 billion, respectively, in obligations outstanding (i.e., unpaid invoices) that were confirmed as valid under the supplier finance programs. These obligations are included within the Accounts payable line item of HP’s Consolidated Balance Sheets. As of both October 31, 2025 and October 31, 2024 the Company’s outstanding payment obligations that suppliers elected to sell to participating financial institutions were $0.1 billion.
The following table is a rollforward of the obligations confirmed under the program for fiscal year 2025:
 2025
 In millions
Confirmed obligations outstanding at the beginning of the year
$7,808 
Invoices confirmed during the year
44,022 
Confirmed invoices paid during the year
(42,921)
Foreign currency translation
4 
Confirmed obligations outstanding at the end of the year
$8,913 
Government Assistance
HP receives assistance under legally enforceable agreements with governments in support of certain business activities, including expansion of operations, production or shipment of products from specific jurisdictions, research and development etc. These grants are generally received in the form of cash and require compliance with certain conditions specified in each grant agreement. The duration of the grant agreements are usually for a period of three to five years.
HP recognized $196 million, $126 million and $117 million of government assistance in the Consolidated Statement of Earnings in fiscal year 2025, 2024, and 2023, respectively, of which $130 million, $111 million and $95 million, respectively, was reported as a reduction of Cost of net revenue.
v3.25.3
Goodwill and Intangible Assets
 12 Months Ended
Oct. 31, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets Goodwill and Intangible Assets
Goodwill allocated to HP’s reportable segments and changes in the carrying amount of goodwill were as follows:  
 Personal SystemsPrintingCorporate InvestmentsTotal
In millions
Balance as of October 31, 2023(1)
$4,722 $3,751 $118 $8,591 
Acquisitions
26 2 — 28 
Foreign currency translation and other
— 8 — 8 
Balance as of October 31, 2024(1)
4,748 3,761 118 8,627 
Acquisitions
— — 79 79 
Foreign currency translation and other
(24)24 — — 
Balance as of October 31, 2025(1)
$4,724 $3,785 $197 $8,706 
(1)Goodwill is net of accumulated impairment losses of $0.8 billion related to Corporate Investments recorded in fiscal year 2011.
Goodwill is tested for impairment at the reporting unit level. As of October 31, 2025, our reporting units are consistent with the reportable segments identified in Note 2, “Segment Information”. Personal Systems had a negative carrying amount of net assets as of October 31, 2025, 2024 and 2023 primarily as a result of a favorable cash conversion cycle.
Intangible Assets
HP’s acquired intangible assets were composed of:
As of October 31, 2025As of October 31, 2024
Gross(1)
Accumulated Amortization(1)
Net
Gross(1)
Accumulated Amortization(1)
Net
In millions
Customer contracts, customer lists and distribution agreements$726 $428 $298 $783 $372 $411 
Technology and patents 1,625 1,004 621 1,666 884 782 
Trade name and trademarks219 126 93 218 92 126 
Total intangible assets$2,570 $1,558 $1,012 $2,667 $1,348 $1,319 
(1)    Excludes the original cost and accumulated depreciation of fully amortized intangibles.
During fiscal year 2025, the Company incurred impairment charges of $65 million related to acquired customer contracts, customer lists and distribution agreements within the Printing segment and $27 million of technology and patents within the Corporate Investment segment which were recorded within Amortization of intangible assets in the Consolidated Statement of Earnings.
As of October 31, 2025, estimated future amortization expense related to acquired intangible assets was as follows:
Fiscal yearIn millions
2026$225 
2027220 
2028175 
2029125 
203098 
Thereafter169 
Total$1,012 
v3.25.3
Fair Value
 12 Months Ended
Oct. 31, 2025
Fair Value Disclosures [Abstract]  
Fair Value Fair Value
Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability (an exit price) in an orderly transaction between market participants at the measurement date. 
Fair Value Hierarchy
HP uses valuation techniques that are based upon observable and unobservable inputs. Observable inputs are developed using market data such as publicly available information and reflect the assumptions market participants would use, while unobservable inputs are developed using the best information available about the assumptions market participants would use. Assets and liabilities are classified in the fair value hierarchy based on the lowest level input that is significant to the fair value measurement:
Level 1—Quoted prices (unadjusted) in active markets for identical assets or liabilities.
Level 2—Quoted prices for similar assets or liabilities in active markets, quoted prices for identical or similar assets or liabilities in markets that are not active, inputs other than quoted prices that are observable for the asset or liability and market-corroborated inputs.
Level 3—Unobservable inputs for the asset or liability.
The fair value hierarchy gives the highest priority to observable inputs and lowest priority to unobservable inputs.
The following table presents HP’s assets and liabilities that are measured at fair value on a recurring basis:
 As of October 31, 2025As of October 31, 2024
 Fair Value Measured Using Fair Value Measured Using 
 Level 1Level 2Level 3TotalLevel 1Level 2Level 3Total
 In millions
Assets:
Cash Equivalents
Government debt(1)
$1,878 $— $— $1,878 $1,332 $— $— $1,332 
Available-for-Sale Investments
Financial institution instruments— 3 — 3 — 3 — 3 
Marketable securities and mutual funds(2)
9 122 — 131 54 130 — 184 
Derivative Instruments
Interest rate contracts— — — — — 4 — 4 
Foreign currency contracts— 182 — 182 — 225 — 225 
Other derivatives— 1 — 1 — — — — 
Total assets$1,887 $308 $— $2,195 $1,386 $362 $— $1,748 
Liabilities:
Derivative Instruments
Interest rate contracts$— $1 $— $1 $— $22 $— $22 
Foreign currency contracts— 242 — 242 — 158 — 158 
Other derivatives— 1 — 1 — 2 — 2 
Total liabilities$— $244 $— $244 $— $182 $— $182 
(1)    Money market funds invested in government debt and traded in active markets are included in Level 1. Government debt includes instruments such as U.S. treasury notes, U.S. agency securities and non-U.S. government bonds.
(2)    As of October 31, 2025 and 2024, $63 million and $78 million, respectively, of debt securities were restricted to fund benefits received by qualifying employees under a sponsored defined benefit plan.
Valuation Techniques 
Cash Equivalents and Investments: HP holds money market funds, mutual funds, other debt securities primarily consisting of corporate and foreign government notes and bonds, and common stock and equivalents. HP values cash equivalents and equity investments using quoted market prices, alternative pricing sources, including net asset value, or models utilizing market observable inputs. The fair value of debt investments is based on quoted market prices or model-driven valuations using inputs primarily derived from or corroborated by observable market data, and, in certain instances, valuation models that utilize assumptions which cannot be corroborated with observable market data. 
Derivative Instruments: HP uses industry standard valuation models to measure fair value. Where applicable, these models project future cash flows and discount the future amounts to present value using market-based observable inputs, including interest rate curves, HP and counterparty credit risk, foreign exchange rates, and forward and spot prices for currencies and interest rates. See Note 10, “Financial Instruments” for a further discussion of HP’s use of derivative instruments. 
Other Fair Value Disclosures
Short- and Long-Term Debt: HP estimates the fair value of its debt primarily using an expected present value technique, which is based on observable market inputs using interest rates currently available to companies of similar credit standing for similar terms and remaining maturities and considering its own credit risk. The portion of HP’s debt that is hedged is reflected in the Consolidated Balance Sheets as an amount equal to the debt’s carrying amount and a fair value adjustment representing changes in the fair value of the hedged debt obligations arising from movements in benchmark interest rates. The fair value of HP’s short- and long-term debt was $9.6 billion as compared to its carrying amount of $9.7 billion as of October 31, 2025. The fair value of HP’s short- and long-term debt was $9.4 billion as compared to its carrying value of $9.7 billion at October 31, 2024. If measured at fair value in the Consolidated Balance Sheets, short- and long-term debt would be classified in Level 2 of the fair value hierarchy.
Other Financial Instruments: For the balance of HP’s financial instruments, primarily accounts receivable, accounts payable and financial liabilities included in Other current liabilities on the Consolidated Balance Sheets, the carrying amounts approximate fair value due to their short-term maturities. If measured at fair value in the Consolidated Balance Sheets, these other financial instruments would be classified as Level 2 or Level 3 of the fair value hierarchy.
Non-Marketable Equity Investments and Non-Financial Assets: HP’s non-marketable equity investments are measured at cost less impairment, adjusted for observable price changes. HP’s non-financial assets, such as intangible assets, goodwill and property, plant and equipment, are recorded at fair value in the period an impairment charge is recognized. If measured at fair value in the Consolidated Balance Sheets these would generally be classified within Level 3 of the fair value hierarchy.
v3.25.3
Financial Instruments
 12 Months Ended
Oct. 31, 2025
Investments, All Other Investments [Abstract]  
Financial Instruments Financial Instruments
Cash Equivalents and Available-for-Sale Investments
 As of October 31, 2025As of October 31, 2024
 CostGross
Unrealized
Gain		Gross
Unrealized
Loss		Fair
Value		CostGross
Unrealized
Gain		Gross
Unrealized
Loss		Fair
Value
 In millions
Cash Equivalents:        
Government debt(1)
1,878 — — 1,878 1,332 — — $1,332 
Total cash equivalents1,878 — — 1,878 1,332 — — 1,332 
Available-for-Sale Investments:
Financial institution instruments3 — — 3 3 — — 3 
Marketable securities and mutual funds(2)
104 27 — 131 115 69 — 184 
Total available-for-sale investments107 27 — 134 118 69 — 187 
Total cash equivalents and available-for-sale investments$1,985 $27 $— $2,012 $1,450 $69 $— $1,519 
(1)    Money market funds invested in government debt and traded in active markets are included in Level 1. Government debt includes instruments such as U.S. treasury notes, U.S. agency securities and non-U.S. government bonds
(2)    As of October 31, 2025 and 2024, $63 million and $78 million, respectively, of debt securities were restricted to fund benefits received by qualifying employees under a sponsored defined benefit plan.
All highly liquid investments with original maturities of three months or less at the date of acquisition are considered cash equivalents. As of October 31, 2025 and 2024, the carrying amount of cash equivalents approximated fair value due to the short period of time to maturity. Interest income related to cash, cash equivalents and debt securities was approximately $89 million in fiscal year 2025, $78 million in fiscal year 2024, and $67 million in fiscal year 2023. The estimated fair value of the available-for-sale investments may not be representative of values that will be realized in the future.
Contractual maturities of investments in available-for-sale debt securities were as follows:
 As of October 31, 2025
 Amortized
Cost		Fair Value
 In millions
Due in less than one year
$15 $15 
Due in one to five years49 51 
 $64 $66 

Non-marketable equity securities in privately held companies are included in Other current and non-current assets in the Consolidated Balance Sheets. These amounted to $137 million and $107 million as of October 31, 2025 and 2024, respectively.
HP determines credit losses on cash equivalents and available-for-sale debt securities at the individual security level. All instruments are considered investment grade. No credit-related or noncredit-related impairment losses were recorded in fiscal year 2025.
Derivative Instruments
HP uses derivative instruments, primarily forward contracts, interest rate swaps, total return swaps, treasury rate locks, forward starting swaps and option contracts to offset business exposure to foreign currency and interest rate risk on expected future cash flows and on certain existing assets and liabilities. HP may designate its derivative contracts as fair value hedges or cash flow hedges and classifies the cash flows with the activities that correspond to the underlying hedged items. Additionally, for derivatives not designated as hedging instruments, HP categorizes those economic hedges as other derivatives. HP recognizes all derivative instruments at fair value in the Consolidated Balance Sheets.
As a result of its use of derivative instruments, HP is exposed to the risk that its counterparties will fail to meet their contractual obligations. Master netting agreements mitigate credit exposure to counterparties by permitting HP to net amounts due from HP to counterparty against amounts due to HP from the same counterparty under certain conditions. To further limit credit risk, HP has collateral security agreements that allow HP’s custodian to hold collateral from, or require HP to post collateral to, counterparties when the net fair value of financial instruments fluctuates. The Company includes gross collateral posted and received in other current assets and other current liabilities in the Consolidated Balance Sheets, respectively. The fair value of derivatives with credit contingent features in a net liability position was $98 million and $59 million as of October 31, 2025 and 2024, respectively, all of which were fully collateralized within two business days. 
Under HP’s derivative contracts, the counterparty can terminate all outstanding trades following a covered change of control event affecting HP that results in the surviving entity being rated below a specified credit rating. This credit contingent provision did not affect HP’s financial position or cash flows as of October 31, 2025 and 2024.
Fair Value Hedges
HP enters into fair value hedges, such as interest rate swaps, to reduce the exposure of its debt portfolio to changes in fair value resulting from changes in benchmark interest rates on HP’s future interest payments.
For derivative instruments that are designated and qualify as fair value hedges, HP recognizes the change in fair value of the derivative instrument, as well as the offsetting change in the fair value of the hedged item, in Interest and other, net in the Consolidated Statements of Earnings in the period of change.
Cash Flow Hedges
HP uses forward contracts, option contracts, treasury rate locks and forward starting swaps designated as cash flow hedges to protect against the foreign currency exchange and interest rate risks inherent in its forecasted products net revenue, cost of products net revenue, operating expenses and debt issuance. HP’s foreign currency cash flow hedges mature predominantly within twelve months; however, hedges related to long-term procurement arrangements, contractual pricing and/or business unit specific exposures may extend several years.
For derivative instruments that are designated and qualify as cash flow hedges, HP initially records changes in fair value of the derivative instrument in Accumulated other comprehensive loss as a separate component of Stockholders’ deficit in the Consolidated Balance Sheets and subsequently reclassifies these amounts into earnings in the period during which the hedged transaction is recognized in earnings. HP reports the changes in the fair value of the derivative instrument in the same financial statement line item as changes in the fair value of the hedged item.
Other Derivatives
Other derivatives not designated as hedging instruments consist primarily of forward contracts used to hedge foreign currency-denominated balance sheet exposures. HP also uses total return swaps to hedge its executive deferred compensation plan liability.
For derivative instruments not designated as hedging instruments, HP recognizes changes in fair value of the derivative instrument, as well as the offsetting change in the fair value of the hedged item, in Interest and other, net in the Consolidated Statements of Earnings in the period of change.
Hedge Effectiveness
For interest rate swaps designated as fair value hedges, HP measures hedge effectiveness by offsetting the change in fair value of the hedged item with the change in fair value of the derivative. For foreign currency options, forward contracts and forward starting swaps designated as cash flow hedges, HP measures hedge effectiveness by comparing the cumulative change in fair value of the hedge contract with the cumulative change in fair value of the hedged item, both of which are based on forward rates.
During fiscal year 2025 and 2024, no portion of the hedging instruments’ gain or loss was excluded from the assessment of effectiveness for fair value and cash flow hedges.
 Fair Value of Derivative Instruments in the Consolidated Balance Sheets
The gross notional and fair value of derivative instruments in the Consolidated Balance Sheets were as follows:
 As of October 31, 2025As of October 31, 2024
 Outstanding
Gross
Notional		Other
Current
Assets		Other
Non-Current
Assets		Other
Current
Liabilities		Other
Non-Current
Liabilities		Outstanding
Gross
Notional		Other
Current
Assets		Other
Non-Current
Assets		Other
Current
Liabilities		Other
Non-Current
Liabilities
 In millions
Derivatives designated as hedging instruments          
Fair value hedges:          
Interest rate contracts$250 $— $— $1 $— $750 $— $— $11 $10 
Cash flow hedges:         
Foreign currency contracts14,492 141 27 174 54 14,563 169 36 117 34 
Interest rate contracts— — — — — 500 — 4 — 1 
Total derivatives designated as hedging instruments14,742 141 27 175 54 15,813 169 40 128 45 
Derivatives not designated as hedging instruments          
Foreign currency contracts4,389 14 — 14 — 4,284 20 — 7 — 
Other derivatives168 1 — 1 — 156 — — 2 — 
Total derivatives not designated as hedging instruments4,557 15 — 15 — 4,440 20 — 9 — 
Total derivatives$19,299 $156 $27 $190 $54 $20,253 $189 $40 $137 $45 

Offsetting of Derivative Instruments
HP recognizes all derivative instruments on a gross basis in the Consolidated Balance Sheets. HP does not offset the fair value of its derivative instruments against the fair value of cash collateral posted under its collateral security agreements. As of October 31, 2025 and 2024, information related to the potential effect of HP’s master netting agreements and collateral security agreements was as follows:
 In the Consolidated Balance Sheets  
 (i)(ii)(iii) = (i)–(ii)(iv)(v) (vi) = (iii)–(iv)–(v)
 Gross Amount
Recognized		Gross Amount
Offset		Net Amount
Presented		Gross Amounts
Not Offset		  
 DerivativesFinancial
Collateral		 Net Amount
 In millions
As of October 31, 2025       
Derivative assets$183 $— $183 $143 $15 (1)$25 
Derivative liabilities$244 $— $244 $143 $279 (2)$(178)
As of October 31, 2024      
Derivative assets$229 $— $229 $113 $88 (1)$28 
Derivative liabilities$182 $— $182 $113 $61 (2)$8 
(1)Represents the cash collateral posted by counterparties as of the respective reporting date for HP’s asset position, net of derivative amounts that could be offset, as of, generally, two business days prior to the respective reporting date.
(2)Represents the collateral posted by HP including any excess or re-use of counterparty cash collateral as of the respective reporting date for HP’s liability position, net of derivative amounts that could be offset, as of, generally, two business days prior to the respective reporting date.
Effect of Derivative Instruments in the Consolidated Statements of Earnings
The pre-tax effect of derivative instruments and related hedged items in a fair value hedging relationship were as follows:
Derivative InstrumentHedged ItemLocationFor the fiscal years ended October 31Gain/(loss) recognized in earnings on derivative instrumentsGain/(loss) recognized in earnings on hedged item
    In millions
Interest rate contractsFixed-rate debtInterest and other, net2025$20 $(20)
2024$36 $(36)
2023$20 $(20)
The pre-tax effect of derivative instruments in cash flow hedging relationships included in Accumulated other comprehensive income (loss) was as follows:
For the fiscal years ended October 31
 202520242023
 In millions
Gain/(loss) recognized in Accumulated other comprehensive income (loss) on derivatives:
Foreign currency contracts$(214)$47 $(427)
Interest rate contracts$3 $4 $— 
The pre-tax effect of derivative instruments in cash flow hedging relationships included in earnings were as follows:
Gain/ (loss) reclassified from Accumulated other comprehensive loss into earnings
For the fiscal years ended October 31
202520242023
In millions
Products net revenue
$(32)$408 $243 
Cost of products net revenue
(81)(142)(167)
Operating expenses2 (4)(4)
Interest and other, net13 12 12 
   Total
$(98)$274 $84 
As of October 31, 2025, HP expects to reclassify an estimated accumulated other comprehensive loss of approximately $41 million, net of taxes, to earnings within the next twelve months associated with cash flow hedges along with the earnings effects of the related forecasted transactions. The amounts ultimately reclassified into earnings could be different from the amounts previously included in Accumulated other comprehensive loss based on the change of market rate, and therefore could have different impact on earnings.
The pre-tax effect of derivative instruments not designated as hedging instruments recognized in Interest and other, net in the Consolidated Statements of Earnings was as follows:
 Gain/(loss) recognized in earnings on derivative instrument
 Location202520242023
  In millions
Foreign currency contractsInterest and other, net$(11)$44 $(65)
Other derivativesInterest and other, net3 — (3)
Total $(8)$44 $(68)
v3.25.3
Borrowings
 12 Months Ended
Oct. 31, 2025
Debt Disclosure [Abstract]  
Borrowings Borrowings
 Notes Payable and Short-Term Borrowings
 As of October 31
 20252024
 Amount
Outstanding		Weighted-Average
Interest Rate		Amount
Outstanding		Weighted-Average
Interest Rate
 In millions
Current portion of long-term debt$788 3.2%$1,358 5.0%
Notes payable to banks and other
57 —%48 —%
Total notes payable and short-term borrowings
$845  $1,406  
Long-Term Debt
 As of October 31
 20252024
 In millions
U.S. Dollar Global Notes(1)
Maturity Date
Issue Price
Stated Interest Rate
  
$1,150 issued June 2020
June 2025
99.769 %2.20 %$— $1,150 
$1,000 issued June 2021
June 2026
99.808 %1.45 %522 521 
$1,000 issued June 2020
June 2027
99.718 %3.00 %999 999 
$900 issued June 2022
January 2028
99.841 %4.75 %899 899 
$1,000 issued March 2022
April 2029
99.767 %4.00 %999 999 
$500 issued April 2025
April 2030
99.732 %5.40 %499 — 
$850 issued June 2020
June 2030
99.790 %3.40 %503 503 
$1,000 issued June 2021
June 2031
99.573 %2.65 %998 997 
$1,000 issued March 2022
April 2032
99.966 %4.20 %676 676 
$1,100 issued June 2022
January 2033
99.725 %5.50 %1,098 1,098 
$500 issued April 2025
April 2035
99.778 %6.10 %499 — 
$1,200 issued September 2011
September 2041
99.863 %6.00 %1,199 1,199 
$500 issued August 2022(2)
March 2029
100.000 %4.75 %— 3 
 8,891 9,044 
Other borrowings at 1.47%-7.07%, due in fiscal years 2026-2032
765 645 
Fair value adjustment related to hedged debt(1)(21)
Unamortized debt issuance cost(46)(47)
Current portion of long-term debt(788)(1,358)
Total long-term debt$8,821 $8,263 
(1)HP may redeem some or all of the fixed-rate U.S. Dollar Global Notes at any time in accordance with the terms thereof. The U.S. Dollar Global Notes are senior unsecured debt.
(2)During the quarter ended October 31, 2025, HP redeemed and settled $3.4 million of the pending March 2029 Notes related to the August 2022 Poly acquisition.
In April 2025, HP completed its offering of $1.0 billion aggregate principal amount of senior unsecured notes, consisting of $500 million of 5.40% notes due April 2030 and $500 million of 6.10% notes due April 2035. HP incurred issuance costs of $9 million. HP is required to pay interest semi-annually on each series of the notes on April 25 and October 25, beginning October 25, 2025. In April 2025, a series of forward starting swaps and a treasury rate lock totaling $825 million notional amount were settled to mitigate the treasury rates volatility associated with this debt issuance. HP used the net proceeds from the offering of the notes for general corporate purposes, including, together with cash on hand, the repayment of the Global Notes due June 2025 upon maturity.
As disclosed in Note 10, “Financial Instruments”, HP uses interest rate swaps to mitigate some of the exposure of its debt portfolio to changes in fair value resulting from changes in benchmark interest rates. Interest rates shown in the table of long-term debt have not been adjusted to reflect the impact of any interest rate swaps.
As of October 31, 2025, aggregate future maturities of debt at face value (excluding unamortized debt issuance cost of $46 million, discounts on debt issuance of $10 million and fair value adjustment related to hedged debt of $1 million), including other borrowings were as follows: 
Fiscal yearIn millions
2026$847 
20271,227 
20281,060 
20291,084 
20301,027 
Thereafter4,478 
Total$9,723 
Commercial Paper
As of October 31, 2025, HP maintained a U.S. commercial paper program for the issuance of U.S. dollar-denominated commercial paper up to a maximum aggregate principal amount of $6.0 billion. The principal amount outstanding under this program and certain short-term borrowings at any time cannot exceed a $6.0 billion authorization by HP’s Board of Directors. As of October 31, 2025 and October 31, 2024, no commercial paper was outstanding under the program.
Credit Facility
As of October 31, 2024 and 2025, HP maintained a $5.0 billion 5-year sustainability-linked senior unsecured committed revolving credit facility, which HP entered into on August 1, 2024. Commitments under the revolving credit facility will be available until August 1, 2029. Commitment fees, interest rates and other terms of borrowing under the revolving credit facility vary based on HP’s external credit ratings and certain sustainability metrics. Funds borrowed under the revolving credit facility may be used for general corporate purposes. In March 2024, the $1.0 billion senior unsecured committed 364-day revolving credit facility matured in accordance with its terms. Additionally, commitments under the previous $5.0 billion sustainability-linked senior unsecured committed revolving credit facility were terminated concurrently with the execution of the revolving credit facility on August 1, 2024.
As of October 31, 2025, HP was in compliance with the covenants in the credit agreement governing the revolving credit facility.
Available Borrowing Resources
As of October 31, 2025, HP had available borrowing resources of $1.1 billion from uncommitted lines of credit in addition to funds available under the revolving credit facility.
v3.25.3
Stockholders’ Deficit
 12 Months Ended
Oct. 31, 2025
Stockholders' Equity Note [Abstract]  
Stockholders’ Deficit Stockholders’ Deficit
Share Repurchase Program
HP’s share repurchase program authorizes both open market and private repurchase transactions. In fiscal year 2025, HP executed share repurchases of 29.6 million shares and settled total shares for $0.8 billion. In fiscal year 2024, HP executed share repurchases of 62.7 million shares and settled total shares for $2.1 billion. In fiscal year 2023, HP executed share repurchases of 3.6 million shares and settled total shares for $0.1 billion. Share repurchases executed during fiscal year 2025 included 0.2 million shares settled in November 2025.
The shares repurchased in fiscal years 2025, 2024 and 2023 were all open market repurchase transactions. As of October 31, 2025, HP had approximately $8.4 billion remaining under the share repurchase authorizations approved by HP’s Board of Directors.
Changes and reclassifications related to Accumulated Other Comprehensive Loss, net of taxes
 For the years ended October 31
 202520242023
 In millions
Other comprehensive loss, net of taxes:
Unrealized components of available-for-sale debt securities
Balance at the beginning of period$14 $7 $6 
Unrealized gains arising during the period16 8 2 
Tax effects on change in unrealized components of available-for-sale securities(1)(1)(1)
Unrealized components of available-for-sale debt securities, net of taxes15 7 1 
Balance at the end of period$29 $14 $7 
Unrealized components of cash flow hedges
Balance at the beginning of period$47 $230 $648 
Unrealized (losses) gains arising during the period
(211)51 (427)
Losses (gains) reclassified into earnings
98 (274)(84)
Tax effects on change in unrealized components of cash flow hedges18 40 93 
Unrealized components of cash flow hedges, net of taxes(95)(183)(418)
Balance at the end of period$(48)$47 $230 
Unrealized components of defined benefit plans
Balance at the beginning of period$(496)$(437)$(323)
Unrealized gains (losses) arising during the period
30 (76)(141)
Amortization of actuarial loss and prior service benefit
21 8 — 
Curtailments, settlements and other6 2 — 
Tax effects on change in unrealized components of defined benefit plans(11)7 27 
Unrealized components of defined benefit plans, net of taxes46 (59)(114)
Balance at the end of period$(450)$(496)$(437)
Cumulative translation adjustment
Balance at the beginning of period$1 $(23)$(46)
Change in cumulative translation adjustment12 24 23 
Tax effect on change in cumulative translation adjustment(1)— — 
Cumulative translation adjustment, net of taxes11 24 23 
Balance at the end of period$12 $1 $(23)
Other comprehensive loss
$(23)$(211)$(508)
Accumulated other comprehensive loss$(457)$(434)$(223)
v3.25.3
Earnings Per Share
 12 Months Ended
Oct. 31, 2025
Earnings Per Share [Abstract]  
Earnings Per Share Earnings Per Share
HP calculates basic net EPS using net earnings and the weighted-average number of shares outstanding during the reporting period. Diluted net EPS includes any dilutive effect of restricted stock units, stock options, performance-based awards and shares purchased under the 2021 employee stock purchase plan.
A reconciliation of the number of shares used for basic and diluted net EPS calculations is as follows:
 For the fiscal years ended October 31
 202520242023
 In millions, except per share amounts
Numerator:   
Net earnings$2,529 $2,775 $3,263 
Denominator:   
Weighted-average shares used to compute basic net EPS946 979 992 
Dilutive effect of employee stock plans7 10 8 
Weighted-average shares used to compute diluted net EPS953 989 1,000 
Net earnings per share:   
Basic$2.67 $2.83 $3.29 
Diluted$2.65 $2.81 $3.26 
Anti-dilutive weighted-average stock-based compensation awards(1)
8 1 4 
    
(1)HP excludes from the calculation of diluted net EPS stock options and restricted stock units where the assumed proceeds exceed the average market price, because their effect would be anti-dilutive. The assumed proceeds of a stock option include the sum of its exercise price, and average unrecognized compensation cost. The assumed proceeds of a restricted stock unit represent average unrecognized compensation cost.
v3.25.3
Litigation and Contingencies
 12 Months Ended
Oct. 31, 2025
Loss Contingency [Abstract]  
Litigation and Contingencies Litigation and Contingencies
 HP is involved in lawsuits, claims, investigations and proceedings, including those identified below, consisting of IP, commercial, securities, employment, employee benefits and environmental matters that arise in the ordinary course of business. HP accrues a liability when management believes that it is both probable that a liability has been incurred and the amount of loss can be reasonably estimated. HP believes it has recorded adequate provisions for any such matters and, as of October 31, 2025, it was not reasonably possible that a material loss had been incurred in excess of the amounts recognized in HP’s financial statements. HP reviews these matters at least quarterly and adjusts its accruals to reflect the impact of negotiations, settlements, rulings, advice of legal counsel, and other information and events pertaining to a particular case. Pursuant to the separation and distribution agreement entered into with Hewlett Packard Enterprise Company (“Hewlett Packard Enterprise”), HP shares responsibility with Hewlett Packard Enterprise for certain matters, as indicated below, and Hewlett Packard Enterprise has agreed to indemnify HP in whole or in part with respect to certain matters. Based on its experience, HP believes that any damage amounts claimed in the specific matters discussed below are not a meaningful indicator of HP’s potential liability. Litigation is inherently unpredictable. However, HP believes it has valid defenses with respect to legal matters pending against it. Nevertheless, cash flows or results of operations could be materially affected in any particular period by the resolution of one or more of these contingencies.
Litigation, Proceedings and Investigations
Copyright Levies. Proceedings are ongoing or have been concluded involving HP in certain European countries, challenging the imposition or the modification of levies regimes upon IT equipment (such as PCs or printers) or the restrictions to exonerate the application of private copying levies on devices purchased by business users. The levies are generally based upon the number of products sold and the per-product amounts of the levies, which vary. Some European countries are expected to implement legislation to introduce or extend existing levy schemes to digital devices. HP, other companies and various industry associations have opposed the extension of levies to the digital product and certain requirements for business sales exemptions and have advocated alternative models of compensation to rights holders.
Based on the exemption of levies on business sales and industry opposition to increasing levies to digital products, HP’s assessments of the merits of various proceedings and HP’s estimates of the number of units impacted and the amounts of the levies, HP has accrued amounts that it believes are adequate to address the ongoing disputes.
India Directorate of Revenue Intelligence Proceedings. On April 30 and May 10, 2010, the India Directorate of Revenue Intelligence (the “DRI”) issued show cause notices to Hewlett-Packard India Sales Private Limited (“HP India”), a subsidiary of HP, seven HP India employees and one former HP India employee alleging that HP India underpaid customs duties while importing products and spare parts into India and seeking to recover an aggregate of approximately $370 million, plus penalties and interest. Prior to the issuance of the notices, HP India deposited approximately $16 million with the DRI and agreed to post a provisional bond in exchange for the DRI’s agreement to not seize HP India products and spare parts or interrupt business by HP India.
On April 11, 2012, the Bangalore Commissioner of Customs issued an order on the products-related notice affirming certain duties and penalties against HP India and the named individuals of approximately $386 million, of which HP India had already deposited $9 million. On December 11, 2012, HP India voluntarily deposited an additional $10 million in connection with the products-related notice. The differential duty demand is subject to interest. On April 20, 2012, the Commissioner issued an order on the parts-related notice affirming certain duties and penalties against HP India and certain of the named individuals of approximately $17 million, of which HP India had already deposited $7 million. After the order, HP India deposited an additional $3 million in connection with the parts-related notice so as to avoid certain penalties.
HP India filed appeals of the Commissioner’s orders before the Customs, Excise and Service Tax Appellate Tribunal (the “Customs Tribunal”) along with applications for waiver of the pre-deposit of remaining demand amounts as a condition for hearing the appeals. The Customs Department has also filed cross-appeals before the Customs Tribunal. On January 24, 2013, the Customs Tribunal ordered HP India to deposit an additional $24 million against the products order, which HP India deposited in March 2013. On February 7, 2014, the Customs Tribunal granted HP India’s application for extension of the stay of deposit until disposal of the appeals. On October 27, 2014, the Customs Tribunal commenced hearings on the cross-appeals of the Commissioner’s orders and rejected HP India’s request to remand the matter to the Commissioner on procedural grounds. The Customs Tribunal cancelled hearings to reconvene in 2015, 2016 and January 2019. On January 20, 2021, the Customs Tribunal held a virtual hearing during which the judge allowed HP’s application for a physical hearing on the merits as soon as practicable, which will be scheduled when physical hearings resume at court. In unrelated, third-party proceedings, the Supreme Court of India has resolved certain jurisdictional questions to the authority of the Directorate of Revenue Intelligence, issues which HP also raised in its appeal to the Customs Tribunal. In late 2024, those jurisdictional questions were resolved. Between late April and June 18, 2025, the Customs Tribunal held three weeks of hearings on the appeals. The matter is presently pending a decision. If the decision is adverse, HP should be entitled to appeal on the merits to the Supreme Court of India, although HP may be required to make additional deposits. Pursuant to the
separation and distribution agreement, Hewlett Packard Enterprise has agreed to indemnify HP in part, based on the extent to which any liability arises from the products and spare parts of Hewlett Packard Enterprise’s businesses.
Media Content Protection LLC Patent Litigation (formerly Philips Patent Litigation). In September 2020, Koninklijke Philips N.V. and Philips North America LLC (collectively, “Philips”) filed a complaint against HP for patent infringement in federal court for the District of Delaware and filed a companion complaint with the U.S. International Trade Commission (“ITC”) pursuant to Section 337 of the Tariff Act against HP and 8 other sets of respondents. Both complaints allege that certain digital video-capable devices and components thereof infringe four of Philips’ patents. In October 2020, the ITC instituted an investigation, and Philips later withdrew two of the four patents. On March 23, 2022, the ITC rendered a final determination that no violation of Section 337 has occurred. Philips did not appeal and elected to resume litigation with its case in federal court. Philips seeks unspecified damages and an injunction against HP, and the prior stay has been lifted. On August 10, 2023, HP filed a motion for summary judgment of indefiniteness for all asserted claims. On July 1, 2024, the district court denied the motion without prejudice to renew. Philips conveyed the patents asserted in the district court action to Media Content Protection LLC (“MCP”), and MCP was substituted as plaintiff in place of Philips. As of November 25, 2025, the district court has ruled that all patents asserted against HP are invalid under 35 U.S.C. § 101, subject to appeal.
York County on behalf of the County of York Retirement Fund v. HP Inc., et al., and related proceedings. On November 5, 2020, York County, on behalf of the County of York Retirement Fund, filed a putative class action complaint against HP, Dion Weisler, and Catherine Lesjak in federal court in the Northern District of California. The court appointed Maryland Electrical Industry Pension Fund as Lead Plaintiff. Lead Plaintiff filed a consolidated complaint, which additionally names as defendants Enrique Lores and Richard Bailey. The complaint alleges, among other things, that from November 5, 2015 to June 21, 2016, HP and the named current and former officers violated Sections 10(b) and 20(a) of the Exchange Act by concealing material information and making false statements about HP’s printing supplies business (“Securities Class Action”). Plaintiffs seek compensatory damages and other relief. HP and the named officers filed a motion to dismiss the complaint for failure to state a claim upon which relief can be granted. On March 3, 2022, the court granted the motion to dismiss with prejudice. Plaintiffs appealed the decision. On April 11, 2023, the appellate court reversed the district court’s decision and remanded the case to the district court for further proceedings consistent with the appellate opinion, including consideration of HP’s other arguments for dismissal. On July 21, 2023, HP and the named officers filed a renewed motion to dismiss. On March 27, 2024, the district court issued an order granting in part and denying in part the motion to dismiss. On August 8, 2024, the Court of Appeals for the Ninth Circuit granted HP’s petition for permission to appeal. On October 28, 2024, HP filed its appeal, which is awaiting appellate court oral argument that has not yet been scheduled. On July 28, 2025, the parties executed a binding term sheet containing the material terms of a proposed settlement. On August 19, 2025, the parties filed a stipulation of settlement and motion for preliminary approval of settlement in the district court. On September 22, 2025, the district court entered an order preliminarily approving the settlement. On May 17, 2021, stockholder Scott Franklin filed a derivative complaint against certain current and former officers and directors in federal court in the District of Delaware. Plaintiff purports to bring the action on behalf of HP, which he has named as a nominal defendant, and he makes substantially the same factual allegations as in the York County securities complaint, bringing claims for breach of fiduciary duty and violations of securities laws. The derivative plaintiff seeks compensatory damages, governance reforms, and other relief. By court order following stipulations by the parties, the case was transferred to the Northern District of California, and the case was stayed pending a ruling on the motion to dismiss in York County and exhaustion of all related appeals. On January 13, 2022, stockholder Gerald Lovoi filed a derivative complaint in federal court in the Northern District of California against the same current and former officers and directors named in the Franklin action. The complaint alleges the same basic claims based on the same alleged conduct as the Franklin action and seeks similar relief. By stipulation of the parties, the Lovoi action was stayed pending a ruling on the motion to dismiss in York County and exhaustion of all related appeals. On May 31, 2024, the court adopted a stipulation in which the derivative plaintiffs and defendants agreed to consolidate the derivative proceedings, close the Lovoi action, and extend the current stay through summary judgment in the Securities Class Action.
Legal Proceedings re Authentication of Supplies. Since 2016, HP has from time to time been named in civil litigation, or been the subject of government investigations, involving supplies authentication protocols used in certain HP printers in multiple geographies, including but not limited to the United States, Italy, Israel, the Netherlands, Australia and New Zealand. The supplies authentication protocols are often referred to as Dynamic Security. The core allegations in these proceedings claim misleading or inadequate consumer notifications and permissions pertaining to the use of Dynamic Security, the installation of firmware updates, or the potential inability of cartridges with clone chips or circuitry to work in HP printers with Dynamic Security. Plaintiffs base or have based their claims on various legal theories, including but not limited to unfair competition, computer trespass, and similar statutory claims. Among other relief, Plaintiffs have sought or seek money damages and in certain cases have or may seek injunctive relief against the use or operation of Dynamic Security or relief requiring interoperability. If HP is not successful in its defense of these cases or investigations, it could be subject to damages, penalties, significant settlement demands, or injunctive relief that may be costly or may disrupt operations. Certain of these proceedings in the United States, Italy, the Netherlands, Israel, Australia and New Zealand have been resolved, have concluded, or have concluded subject only to HP’s pending appeal. Digital Revolution B.V. (trading as
123Inkt) filed civil litigation, including competition claims, against HP Nederlands B.V., et al. (Netherlands) in March 2020, HP substantially prevailed before the trial court, and both parties appealed. On November 19, 2024, the court of appeal issued a decision rejecting competition claims against HP and providing that use of Dynamic Security by HP is not unlawful. On February 18, 2025, Digital Revolution filed a cassation appeal against the decision before the Dutch Supreme Court. In addition, a putative class action was filed against HP in federal court in Illinois in January 2024, arising out of the use of Dynamic Security firmware updates in HP printers. Plaintiffs seek compensatory damages, restitution, injunctive relief against alleged unfair and anticompetitive business practices, and other relief. On September 30, 2025, the court dismissed the complaint in its entirety but gave plaintiffs leave to file an amended complaint. The case is in its early stages.
Autonomy-Related Legal Proceedings. In 2015, four former Hewlett Packard Company subsidiaries that became subsidiaries of Hewlett Packard Enterprise at the time of the Separation (Autonomy Corporation Limited, Hewlett Packard Vision BV, Autonomy Systems Limited, and Autonomy, Inc., hereinafter the “Claimants”) initiated civil proceedings in the U.K. High Court of Justice against two members of Autonomy’s former management, Michael Lynch and Sushovan Hussain, for breach of their fiduciary duties in causing Autonomy group companies to engage in improper transactions and accounting practices before and in connection with the 2011 acquisition of Autonomy. Trial concluded in January 2020. In May 2022, the court issued its liability judgment, finding that the Claimants had succeeded on substantially all claims and that Messrs. Lynch and Hussain engaged in fraud, and dismissing a counterclaim filed by Mr. Lynch. The court deferred the issue of damages to further proceedings, but indicated that damages awarded may be substantially less than was claimed. In February 2024, the court held a two-week trial on damages, the Claimants sought recovery for $4 billion in losses, and the court took the issue under advisement. In May 2025, Claimants reached an agreement with Mr. Hussain to resolve claims against him. On July 22, 2025, the court issued its ruling on the quantum of damages, finding that the Lynch estate owed approximately 740 million pounds. The court set a hearing for the week of November 17, 2025, to address additional matters, including attorneys’ fees, pre-judgment interest, and the relevant date to use for the exchange rate to convert the recovery from pounds to dollars. The damages award is also subject to a set-off for prior settlements. Litigation is unpredictable, and there can be no assurance of a recovery. Any amount ultimately recovered would be recorded in the period received. No adjustment has been recorded in the financial statements in relation to this potential recovery. Pursuant to the terms of the separation and distribution agreement, HP and Hewlett Packard Enterprise will share equally in any recovery.
Litigation with Wilus Institute of Standards and Technology, Inc. and Sisvel International S.A. Since September 13, 2024, Wilus Institute of Standards and Technology, Inc. (“Wilus”) has filed three patent infringement lawsuits against HP in the Eastern District of Texas seeking monetary damages, injunctions and other relief. The complaints allege that HP products, that are compliant with the Wi-Fi 6 (801.11.ax) standard, infringe patents owned by Wilus. Wilus is a member of the Wi-Fi 6 patent pool administered by Sisvel International S.A. (“Sisvel”), and the patents at issue in the lawsuits are in the Sisvel Wi-Fi 6 patent pool. In December 2024, HP answered the complaints and filed counterclaims against Wilus and Sisvel, alleging that Wilus and Sisvel violated their obligations to license standard-essential patents on fair, reasonable and non-discriminatory (“FRAND”) terms, and seeking a court determination of the proper FRAND rate. As of August 8, 2025, another Sisvel Wi-Fi 6 pool member Koniklijke Philips N.V. and its affiliate Philips GmbH (together, “Philips”) filed three lawsuits against HP Inc., HP Deutschland GmbH and HP International SARL, in the State Court in Munich, Germany asserting pool patents related to Wi-Fi 6 standards. Philips seeks an injunction, reporting, damages and product recall in two of its claims and hearings are scheduled on May 21, 2026 and June 11, 2026. The third claim relates to an expired patent for which Philips seeks damages, and a hearing is scheduled on July 30, 2026. As of August 26, 2025, another pool member, Huawei Technologies Co. Ltd (“Huawei”), filed two lawsuits against HP Inc. and HP Deutschland GmbH in the State Court in Munich, Germany, asserting pool patents related to Wi-Fi 6 standards. Relief sought includes an injunction, reporting, damages, product recall and/or destruction of inventory, and a hearing has been set in one case for March 26, 2026. In October, Sisvel and HP reached agreement to resolve all patent litigation with Sisvel and Sisvel Wi-Fi 6 pool members related to Wi-Fi 6, and all pending proceedings are in the process of being dismissed.
Environmental
HP is, and may become a party to, proceedings brought by U.S., state, or other governmental entities or private third parties under federal, state, local, or foreign environmental laws, including the Comprehensive Environmental Response, Compensation and Liability Act (“CERCLA”), known as “Superfund,” or state laws similar to CERCLA. HP is also conducting environmental investigations or remediation at several current or former operating sites and former disposal sites pursuant to administrative orders or consent agreements with environmental agencies.
v3.25.3
Guarantees, Indemnifications and Warranties
 12 Months Ended
Oct. 31, 2025
Guarantees and Product Warranties [Abstract]  
Guarantees, Indemnifications and Warranties Guarantees, Indemnifications and Warranties
Guarantees 
In the ordinary course of business, HP may issue performance guarantees to certain of its clients, customers and other parties pursuant to which HP has guaranteed the performance obligations of third parties. Some of those guarantees may be backed by standby letters of credit or surety bonds. In general, HP would be obligated to perform over the term of the guarantee in the event a specified triggering event occurs as defined by the guarantee. HP believes the likelihood of having to perform under a material guarantee is remote.
Cross-Indemnifications with Hewlett Packard Enterprise
On November 1, 2015, Hewlett-Packard Company completed the separation of Hewlett Packard Enterprise, Hewlett-Packard Company’s former enterprise technology infrastructure, software, services and financing businesses. The separation and distribution agreement provides for cross-indemnities between HP and Hewlett Packard Enterprise for liabilities allocated to the respective party pursuant to the terms of such agreement. For information on cross-indemnifications with Hewlett Packard Enterprise for litigation matters, see Note 14, “Litigation and Contingencies”.
Indemnifications 
In the ordinary course of business, HP enters into contractual arrangements under which HP may agree to indemnify a third-party to such arrangement from any losses incurred relating to the services they perform on behalf of HP or for losses arising from certain events as defined within the particular contract, which may include, for example, litigation or claims relating to past performance. HP also provides indemnifications to certain vendors and customers against claims of intellectual property infringement made by third parties arising from the vendors’ and customers’ use of HP’s software products and services and certain other matters. Some indemnifications may not be subject to maximum loss clauses. Historically, payments made related to these indemnifications have been immaterial.
HP records tax indemnification receivables from various third parties for certain tax liabilities that HP is jointly and severally liable for, but for which it is indemnified by those same third parties under existing legal agreements. HP records a tax indemnification payable to various third parties under these agreements when management believes that it is both probable that a liability has been incurred and the amount can be reasonably estimated. The actual amount that the third parties pay or may be obligated to pay HP could vary depending on the outcome of certain unresolved tax matters, which may not be resolved for several years.
Warranties
HP accrues the estimated cost of product warranties at the time it recognizes revenue. HP engages in extensive product quality programs and processes, including actively monitoring and evaluating the quality of its component suppliers; however, contractual warranty terms, repair costs, product call rates, average cost per call, current period product shipments and ongoing product failure rates, as well as specific product class failures outside of HP’s baseline experience, affect the estimated warranty obligation.
HP’s aggregate product warranty liabilities and changes were as follows:
 For the fiscal years ended October 31
 20252024
 In millions
Balance at beginning of year$550 $706 
Accruals for warranties issued670 721 
Adjustments related to pre-existing warranties (including changes in estimates)(4)30 
Settlements made
(764)(907)
Balance at end of year$452 $550 
v3.25.3
Commitments
 12 Months Ended
Oct. 31, 2025
Commitments and Contingencies Disclosure [Abstract]  
Commitments Commitments
Unconditional Purchase Obligations
HP’s unconditional purchase obligations include agreements to purchase goods or services that are enforceable and legally binding on HP and that specify all significant terms, including fixed or minimum quantities to be purchased, fixed, minimum or variable price and volume provisions and the approximate timing of the transaction. These unconditional purchase obligations are primarily related to inventory and service support. Unconditional purchase obligations exclude agreements that are cancellable without penalty. 
As of October 31, 2025, unconditional purchase obligations were as follows:
Fiscal yearIn millions
2026$509 
2027227 
2028195 
2029111 
203038 
Thereafter5 
Total$1,085 
v3.25.3
Leases
 12 Months Ended
Oct. 31, 2025
Leases [Abstract]  
Leases Leases
As a lessee, HP determines, at lease inception, whether or not an arrangement contains a lease. A significant portion of the operating lease portfolio includes real estate leases. Additionally, HP has identified embedded operating leases within certain outsourced supply chain contracts. Leasing arrangements have a remaining lease term ranging from 1 to approximately 15 years with varying renewal and termination options. Substantially all of HP’s leases are considered operating leases. Finance leases, short-term leases and sub-lease income were not material as of October 31, 2025 and 2024 or for fiscal years ended October 31, 2025 and 2024, respectively.
Lease terms include options to extend or terminate the lease when it is reasonably certain that HP will exercise such options. HP generally considers the economic life of the ROU assets to be comparable to the useful life of similar owned assets. HP’s leases generally do not provide a residual guarantee.
Operating leases are included in Other non-current assets, Other current liabilities and Other non-current liabilities. Finance leases are included in Property, plant and equipment, net, Notes payable and short-term borrowings and Long-term debt in the Consolidated Balance Sheets.
As most of the leases do not provide an implicit interest rate, HP uses the incremental borrowing rate based on the information available at the commencement date of a lease in determining the present value of lease payments. The incremental borrowing rate is determined based on the rate of interest that HP would have to pay to borrow an amount equal to the lease payments on a collateralized basis over a similar term. HP uses the unsecured borrowing rate and risk-adjusts that rate to approximate a collateralized rate.
HP has elected the practical expedient to combine lease and non-lease components as a single lease element for its real estate leases and certain outsourced warehousing contracts in calculating the ROU assets and lease liabilities. Where HP chooses not to combine the lease and non-lease components, HP allocates contract consideration to the lease and non-lease components based on relative standalone prices.
HP reviews the impairment of the ROU assets consistent with the approach applied for other long-lived assets.
The components of lease expense are as follows:
For the fiscal years ended October 31
 20252024
 In millions
Operating lease cost$249 $230 
Variable cost100 106 
Total lease expense$349 $336 
All lease expenses, including variable lease costs, are primarily included in Cost of net revenue and Selling, general and administrative expenses in the Consolidated Statements of Earnings based on the use of the facilities.
Variable lease expense relates primarily to leased real estate utilized for office space and outsourced warehousing. These costs primarily include adjustments for inflation, payments dependent on a rate or index or usage of asset and common area maintenance charges. These costs are not included in the lease liability and are recognized in the period in which they are incurred.
The following table presents supplemental information relating to the cash flows arising from lease transactions. Cash payments made from variable lease costs and short-term leases are not included in the measurement of operating lease liabilities, and, as such, are excluded from the amounts below:
For the fiscal years ended October 31
 20252024
 In millions
Cash paid for amount included in the measurement of lease liabilities$256 $233 
Right-of-use assets obtained in exchange of lease liabilities(1)
$452 $411 
(1) Includes the impact of new leases as well as remeasurements and modifications to existing leases.

Weighted-average information associated with the measurement of our remaining operating lease liabilities is as follows:
As of October 31
20252024
Weighted-average remaining lease term in years4.74.1
Weighted-average discount rate6.9%6.5%
The following maturity analysis presents expected undiscounted cash outflows for operating leases on an annual basis for the next five years:
 Fiscal yearIn millions
2026$474 
2027357 
2028193 
202990 
203057 
Thereafter216 
Total lease payments1,387 
Less: Imputed interest171 
     Total lease liabilities$1,216 
There were no material operating leases that HP had entered into and that were yet to commence as of October 31, 2025.
As a lessor, HP records revenue under sales-type leases at the commencement of the lease. Revenue recognized from sales-type leases constituted less than one percent of product net revenue for fiscal years 2025, 2024 and 2023 respectively. As of October 31, 2025 and 2024, the net investment in leases balance were $859 million and $705 million, respectively.
v3.25.3
Insider Trading Arrangements
 3 Months Ended
Oct. 31, 2025
shares
Trading Arrangements, by Individual  
Non-Rule 10b5-1 Arrangement Adopted false
Rule 10b5-1 Arrangement Terminated false
Non-Rule 10b5-1 Arrangement Terminated false
Alex Cho [Member]  
Trading Arrangements, by Individual  
Material Terms of Trading Arrangement
Our directors and officers (as defined in Exchange Act Rule 16a-1(f)) may from time to time enter into plans or other arrangements for the purchase or sale of our shares that are intended to satisfy the affirmative defense conditions of Rule 10b5–1(c) or may represent a non-Rule 10b5-1 trading arrangement under the Exchange Act. On September 4, 2025, Alex Cho, our then President, Personal Systems, adopted a written plan for the sale of up to (i) 86,569 shares of our common stock underlying employee stock options; and (ii) 53,221 shares of our common stock underlying performance adjusted restricted stock units, plus any additional shares that vest based on the achievement of the relevant performance criteria. The plan is scheduled to commence on December 8, 2025 and is scheduled to expire on December 11, 2025, or on any earlier date on which all of the shares have been sold. This plan is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) under the Exchange Act.
Name Alex Cho
Title President, Personal Systems
Rule 10b5-1 Arrangement Adopted true
Adoption Date September 4, 2025
Expiration Date December 11, 2025
Arrangement Duration 3 days
Alex Cho Trading Arrangement, Common Stock Underlying Employee Stock Options [Member] | Alex Cho [Member]  
Trading Arrangements, by Individual  
Aggregate Available 86,569
Alex Cho Trading Arrangement, Common Stock Underlying Performance Adjusted Restricted Stock Units [Member] | Alex Cho [Member]  
Trading Arrangements, by Individual  
Aggregate Available 53,221
v3.25.3
Insider Trading Policies and Procedures
 12 Months Ended
Oct. 31, 2025
Insider Trading Policies and Procedures [Line Items]  
Insider Trading Policies and Procedures Adopted true
v3.25.3
Cybersecurity Risk Management and Strategy Disclosure
 12 Months Ended
Oct. 31, 2025
Cybersecurity Risk Management, Strategy, and Governance [Line Items]  
Cybersecurity Risk Management Processes for Assessing, Identifying, and Managing Threats [Text Block]
HP’s work to defend against cybersecurity threats is occurring against the backdrop of an evolving global threat landscape. Like other Fortune 500 companies, we face a substantial number of cybersecurity threats—ranging from common cyberattacks such as phishing to more evolved threats that incorporate the use of AI. Our products and processes pose an attractive challenge for the most advanced of threat actors—including but not limited to those who are state-sponsored. As a global corporation with a wide range of systems and networks in place, and with customers who threat actors might also wish to target, we could face attacks not only on our own structures, but also on those of our many third-party providers and partners. In response to this threat environment, we have implemented a comprehensive cybersecurity program to assess, identify, and manage risks from cybersecurity threats. Our holistic approach is designed to integrate cybersecurity across the value chain, including in the design, development, and delivery of our products, services, solutions, and operations.
Our Chief Information Security Officer (“CISO”), who has extensive cybersecurity knowledge and skills gained from over 20 years of experience as a CISO at the Company and elsewhere, has responsibility for HP’s global cybersecurity program, including infrastructure and technology platforms, overseeing governance, regulatory and compliance, operations, strategy, and architecture. The CISO reports to our Chief Financial Officer. This role is responsible for building out a cybersecurity organization that is designed to enable robust security coupled with productivity for more than 70,000 global employees, contractors, and partners. The CISO supports HP’s business acceleration and transformation by identifying and managing cybersecurity risks, balancing them with business priorities, and using a contemporary security posture to support HP’s position as an industry leader. As part of this, the CISO receives reports on cybersecurity threats from a number of experienced information security officers responsible for various parts of the business on an ongoing basis and in conjunction with management, regularly reviews risk management measures implemented by the Company to identify and mitigate data protection and cybersecurity risks.
Our cybersecurity organization collaborates heavily with technology, business and legal stakeholders to enable secure business strategy, maintain, and grow proper security oversight, enhance security monitoring and response, and quantify and reduce risks and compliance gaps. There are six key focus areas within the cybersecurity organization: enterprise security operations, architecture and security engineering, identity access management, IT risk management and compliance, governance, risk and compliance, and strategy and program delivery. Additionally, we aim to incorporate a broad range of industry-standard cybersecurity best practices throughout our cybersecurity organization. These include, among other things:
•an insider threat program that coordinates resources to discourage, identify, and mitigate cybersecurity threats;
•regular audits of HP cybersecurity systems and annual risk assessments of related HP systems and processes, including our information security management systems;
•an incident response plan that sets out a coordinated approach to investigating, containing, documenting and mitigating incidents, including reporting findings and keeping senior management and other key stakeholders informed and involved as appropriate;
•annual and ongoing security awareness training for employees;
•a cybersecurity/information security policy, as well as an acceptable use policy that defines the permitted usage of company-provided technology and contains consequences for noncompliance;
•company-wide privacy policies as well as a physical security program that secures our offices and data center facilities;
•systems and processes designed to oversee, identify, and reduce the potential impact of a security incident at a third-party vendor, service provider or customer or otherwise implicating the third-party technology and systems we use; and
•engagement with industry peers and participation in cybersecurity forums to share knowledge and learn from best practices.
On an annual basis, the cybersecurity organization also enlists the aid of an independent third party to assess our alignment with the National Institute of Standards & Technology’s Cyber Security Framework. The assessment examines our information/cybersecurity program and its associated controls and delivers a report that documents assessment results and provides recommendations for further enhancements. The cybersecurity organization is responsible for presenting an overview of the Cybersecurity Risk Assessment Report to the Board of Directors on at least an annual basis, and the HP executive leadership team is heavily involved in implementing and resolving recommendations. From time to time, we also engage assessors, consultants, auditors, or other third parties to assist with assessing, identifying, and managing cybersecurity risks.
Our cybersecurity risks are evaluated by senior leadership, including as part of our enterprise risk assessments that are reviewed by the Audit Committee and our Board of Directors, and our Internal Audit function, which is an objective, independent assurance and
advisory organization that helps HP achieve business objectives and conducts regular assessments, audits, and testing of the cybersecurity program and its associated controls.
As of the date of this Form 10-K, risks from cybersecurity threats, including as a result of any previous cybersecurity incidents, have not materially affected us, including our business strategy, results of operations or financial condition. However, there can be no guarantee that we will not experience such an event moving forward and if realized, these risks are reasonably likely to materially affect us. Additional information on cybersecurity risks we face can be found in “Risk Factors” in Item 1A of Part I of this report under the heading “System security risks, data protection breaches, cyberattacks, system outages and systems integration issues could disrupt our internal operations or services provided to customers, and could reduce our revenue, increase our expenses, damage our reputation and adversely affect our cash flows and stock price,” which should be read in conjunction with the foregoing information.
Cybersecurity Risk Management Processes Integrated [Flag] true
Cybersecurity Risk Management Processes Integrated [Text Block]
HP’s work to defend against cybersecurity threats is occurring against the backdrop of an evolving global threat landscape. Like other Fortune 500 companies, we face a substantial number of cybersecurity threats—ranging from common cyberattacks such as phishing to more evolved threats that incorporate the use of AI. Our products and processes pose an attractive challenge for the most advanced of threat actors—including but not limited to those who are state-sponsored. As a global corporation with a wide range of systems and networks in place, and with customers who threat actors might also wish to target, we could face attacks not only on our own structures, but also on those of our many third-party providers and partners. In response to this threat environment, we have implemented a comprehensive cybersecurity program to assess, identify, and manage risks from cybersecurity threats. Our holistic approach is designed to integrate cybersecurity across the value chain, including in the design, development, and delivery of our products, services, solutions, and operations.
Cybersecurity Risk Management Third Party Engaged [Flag] true
Cybersecurity Risk Third Party Oversight and Identification Processes [Flag] true
Cybersecurity Risk Materially Affected or Reasonably Likely to Materially Affect Registrant [Flag] false
Cybersecurity Risk Board of Directors Oversight [Text Block]
Our Board, in coordination with the Audit Committee, oversees the Company’s enterprise risk management process, including the management of risks arising from cybersecurity threats. Our Board has delegated the primary responsibility to oversee cybersecurity matters to the Audit Committee. The Board and Audit Committee regularly review the measures implemented by the Company to identify and mitigate data protection and cybersecurity risks. As part of such reviews, the Board and Audit Committee regularly receive reports and presentations from management regarding our information and technology security program, including the CISO, which address a wide range of topics including recent developments, evolving standards, vulnerability assessments, third-party and independent reviews, the threat environment, technological trends and information security considerations arising with respect to the Company’s peers and third parties. We have protocols by which certain cybersecurity incidents that meet established reporting thresholds are escalated within the Company and, where appropriate, reported promptly to the Board and Audit Committee, as well as ongoing updates regarding any such incident until it has been addressed.
Cybersecurity Risk Board Committee or Subcommittee Responsible for Oversight [Text Block] Our Board, in coordination with the Audit Committee, oversees the Company’s enterprise risk management process, including the management of risks arising from cybersecurity threats
Cybersecurity Risk Process for Informing Board Committee or Subcommittee Responsible for Oversight [Text Block] The Board and Audit Committee regularly review the measures implemented by the Company to identify and mitigate data protection and cybersecurity risks
Cybersecurity Risk Role of Management [Text Block] Our Board has delegated the primary responsibility to oversee cybersecurity matters to the Audit Committee. The Board and Audit Committee regularly review the measures implemented by the Company to identify and mitigate data protection and cybersecurity risks. As part of such reviews, the Board and Audit Committee regularly receive reports and presentations from management regarding our information and technology security program, including the CISO, which address a wide range of topics including recent developments, evolving standards, vulnerability assessments, third-party and independent reviews, the threat environment, technological trends and information security considerations arising with respect to the Company’s peers and third parties. We have protocols by which certain cybersecurity incidents that meet established reporting thresholds are escalated within the Company and, where appropriate, reported promptly to the Board and Audit Committee, as well as ongoing updates regarding any such incident until it has been addressed.
Cybersecurity Risk Management Positions or Committees Responsible [Flag] true
Cybersecurity Risk Management Positions or Committees Responsible [Text Block]
Our Board, in coordination with the Audit Committee, oversees the Company’s enterprise risk management process, including the management of risks arising from cybersecurity threats. Our Board has delegated the primary responsibility to oversee cybersecurity matters to the Audit Committee. The Board and Audit Committee regularly review the measures implemented by the Company to identify and mitigate data protection and cybersecurity risks. As part of such reviews, the Board and Audit Committee regularly receive reports and presentations from management regarding our information and technology security program, including the CISO, which address a wide range of topics including recent developments, evolving standards, vulnerability assessments, third-party and independent reviews, the threat environment, technological trends and information security considerations arising with respect to the Company’s peers and third parties. We have protocols by which certain cybersecurity incidents that meet established reporting thresholds are escalated within the Company and, where appropriate, reported promptly to the Board and Audit Committee, as well as ongoing updates regarding any such incident until it has been addressed.
Cybersecurity Risk Management Expertise of Management Responsible [Text Block] Our Chief Information Security Officer (“CISO”), who has extensive cybersecurity knowledge and skills gained from over 20 years of experience as a CISO at the Company and elsewhere, has responsibility for HP’s global cybersecurity program, including infrastructure and technology platforms, overseeing governance, regulatory and compliance, operations, strategy, and architecture.
Cybersecurity Risk Process for Informing Management or Committees Responsible [Text Block] The Board and Audit Committee regularly review the measures implemented by the Company to identify and mitigate data protection and cybersecurity risks. As part of such reviews, the Board and Audit Committee regularly receive reports and presentations from management regarding our information and technology security program, including the CISO, which address a wide range of topics including recent developments, evolving standards, vulnerability assessments, third-party and independent reviews, the threat environment, technological trends and information security considerations arising with respect to the Company’s peers and third parties. We have protocols by which certain cybersecurity incidents that meet established reporting thresholds are escalated within the Company and, where appropriate, reported promptly to the Board and Audit Committee, as well as ongoing updates regarding any such incident until it has been addressed.
Cybersecurity Risk Management Positions or Committees Responsible Report to Board [Flag] true
v3.25.3
Summary of Significant Accounting Policies (Policies)
 12 Months Ended
Oct. 31, 2025
Accounting Policies [Abstract]  
Basis of Presentation
Basis of Presentation
The accompanying Consolidated Financial Statements of HP and its wholly-owned subsidiaries are prepared in conformity with U.S. GAAP.
Principles of Consolidation
Principles of Consolidation
The Consolidated Financial Statements include the accounts of HP and its subsidiaries and affiliates in which HP has a controlling financial interest or is the primary beneficiary. All intercompany balances and transactions have been eliminated.
Reclassifications
Reclassifications
HP has reclassified certain prior-year amounts to conform to the current-year presentation.
Use of Estimates
Use of Estimates
The preparation of financial statements in accordance with U.S. GAAP requires management to make estimates and assumptions that affect the amounts reported in HP’s Consolidated Financial Statements and accompanying notes. Actual results may differ materially from those estimates.
Foreign Currency Translation
Foreign Currency Translation
HP predominantly uses the U.S. dollar as its functional currency. Assets and liabilities denominated in non-U.S. dollars are remeasured into U.S. dollars at current exchange rates for monetary assets and liabilities and at historical exchange rates for non-monetary assets and liabilities. Net revenue, costs and expenses denominated in non-U.S. dollars are recorded in U.S. dollars at exchange rates in effect during each period. HP includes gains or losses from foreign currency remeasurement in Interest and other, net in the Consolidated Statements of Earnings. Certain foreign subsidiaries designate the local currency as the functional currency, and HP records the translation of their assets and liabilities into U.S. dollars at the balance sheet dates as translation adjustments and includes them as a component of Accumulated other comprehensive loss.
Recently Adopted Accounting Pronouncements and Recently Issued Accounting Pronouncements Not Yet Adopted
Recently Adopted Accounting Pronouncements
In September 2022, the Financial Accounting Standards Board (“FASB”) issued guidance that enhances the transparency about the use of supplier finance programs. Under the new guidance, companies that use a supplier finance program in connection with the purchase of goods or services are required to disclose information about those programs to allow users of financial statements to understand the nature, activity during the period, changes from period to period, and potential magnitude. HP adopted this guidance in the first quarter of fiscal year 2024, except for the disclosure on roll forward information which was adopted for its annual period ending October 31, 2025, in line with the effective adoption dates prescribed by the FASB. See Note 7, “Supplementary Financial Information,” for additional disclosure related to HP’s supplier finance programs.
In November 2023, the FASB issued guidance that updates reportable segment disclosure requirements primarily through enhanced disclosures about significant segment expenses and information used to assess segment performance on an annual and interim basis. HP adopted this guidance for its annual period ending October 31, 2025. While the adoption of this standard did not have a material impact on the Company’s Consolidated Financial Statements, the new guidance resulted in increased disclosures on reportable segments in Note 2 of the Notes to the Consolidated Financial Statements.
Recently Issued Accounting Pronouncements Not Yet Adopted
In November 2024, the FASB issued guidance that requires disaggregation of specific expense categories in disclosures within the footnotes to the financial statements on an annual and interim basis. HP is required to adopt this guidance for its annual period ending October 31, 2028 and all interim periods thereafter on a prospective basis. Early adoption is permitted. HP is currently evaluating the impact of this guidance on its disclosures.
In December 2023, the FASB issued guidance that enhances the transparency of income tax disclosures by expanding annual disclosure requirements related to the rate reconciliation and income taxes paid. HP is required to adopt this guidance for its annual period ending October 31, 2026, which will result in increased disclosures in the Notes to its Consolidated Financial Statements.
Revenue Recognition
Revenue Recognition
General
HP recognizes revenues at a point in time or over time depicting the transfer of promised goods or services to customers in an amount that reflects the consideration to which HP expects to be entitled in exchange for those goods or services. HP follows the five-step model for revenue recognition as summarized below:
1.Identify the contract with a customer - A contract with customer exists when (i) it is approved and signed by all parties, (ii) each party’s rights and obligations can be identified, (iii) payment terms are defined, (iv) it has commercial substance and (v) the customer has the ability and intent to pay. HP evaluates customers’ ability to pay based on various factors like historical payment experience, financial metrics and customer credit scores. While the majority of our sales contracts contain standard terms and conditions, there are certain contracts with non-standard terms and conditions.
2.Identify the performance obligations in the contract - HP evaluates each performance obligation in an arrangement to determine whether it is distinct, such as hardware and/or service. A performance obligation constitutes distinct goods or services when the customer can benefit from such goods or services either on its own or together with other resources that are readily available to the customer and the performance obligation is distinct within the context of the contract.
3.Determine the transaction price - Transaction price is the amount of consideration to which HP expects to be entitled in exchange for transferring goods or services to the customer. If the transaction price includes a variable amount, HP estimates the amount it expects to be entitled to using either the expected value or the most likely amount method. HP reduces the transaction price at the time of revenue recognition for customer and distributor programs and incentive offerings, rebates, promotions, and other volume-based incentives. HP uses estimates to determine the expected variable consideration for such programs based on factors like historical experience, expected consumer behavior and market conditions. HP has elected the practical expedient of not accounting for significant financing components if the period between revenue recognition and when the customer pays for the product or service is one year or less.
4.Allocate the transaction price to performance obligations in the contract - When a sales arrangement contains multiple performance obligations, such as hardware and/or services, HP allocates the transaction price to each performance obligation in proportion to its Standalone Selling Price (“SSP”). HP establishes SSP using the price charged for a performance obligation when sold separately (“observable price”) and, in some instances, using the price established by management having the relevant authority. When observable price is not available, HP establishes SSP maximizing the use of observable inputs based on management judgment while considering internal factors such as historical discounting trends for products and services, pricing practices and other observable factors.
5.Recognize revenue when (or as) the performance obligation is satisfied - Revenue is recognized when, or as, a performance obligation is satisfied by transferring control of a promised good or service to a customer. HP generally invoices the customer upon delivery of the goods or services and the payments are due as per contract terms. For fixed price support or maintenance contracts that are stand-ready obligations, payments are generally received in advance from customers and revenue is recognized on a straight-line basis over the duration of the contract.
HP reports revenue net of any taxes collected from customers and remitted to government authorities, and the collected taxes are recorded as other current liabilities until remitted to the relevant government authority. HP includes costs related to shipping and handling in Cost of net revenue.
HP records revenue on a gross basis when HP is a principal in the transaction and on a net basis when HP is acting as an agent between the customer and the vendor. HP considers several factors to determine whether it is acting as a principal or an agent, most notably whether HP is the primary obligor to the customer, has established its own pricing and has inventory risks.
Hardware
HP transfers control of the products to the customer at the time the product is delivered to the customer and recognizes revenue accordingly, unless customer acceptance is uncertain or significant obligations to the customer remain unfulfilled. HP records revenue from the sale of equipment under sales-type leases as revenue at the commencement of the lease.
Services
HP recognizes revenue from fixed-price support, maintenance and other service contracts over time depicting the pattern of service delivery and recognizes the costs associated with these contracts as incurred.
Contract Assets and Liabilities
Contract assets are rights to consideration in exchange for goods or services that HP has transferred to a customer when such right is conditional on something other than the passage of time. Such contract assets are not material to HP’s Consolidated Financial Statements.
Contract liabilities are recorded as deferred revenues when amounts invoiced to customers are more than the revenues recognized or when payments are received in advance for fixed-price support or maintenance contracts. The short-term and long-term deferred revenues are reported within the Other current liabilities and Other non-current liabilities respectively.
Cost to obtain a contract and fulfillment cost
Incremental direct costs of obtaining a contract primarily consist of sales commissions. HP has elected the practical expedient to expense as incurred the costs to obtain a contract with a benefit period equal to or less than one year. For contracts with a period of benefit greater than one year, HP capitalizes incremental costs of obtaining a contract with a customer and amortizes these costs over their expected period of benefit provided such costs are recoverable.
Fulfillment costs consist of set-up and transition costs related to other service contracts. These costs generate or enhance resources of HP that will be used in satisfying the performance obligation in the future and are capitalized and amortized over the expected period of the benefit, provided such costs are recoverable.
Leases
Leases
At the inception of a contract, HP assesses whether the contract is, or contains, a lease. The assessment is based on (1) whether the contract involves the use of a distinct identified asset, (2) whether HP obtains the right to substantially all the economic benefit from the use of the asset throughout the period, and (3) whether HP has the right to direct the use of the asset.
All significant lease arrangements are recognized at lease commencement. Leases with a lease term of 12 months or less at inception are not recorded on the Consolidated Balance Sheets and are expensed on a straight-line basis over the lease term in the Consolidated Statement of Earnings. HP determines the lease term by assuming the exercise of renewal options that are reasonably certain. As most of the leases do not provide an implicit interest rate, HP uses the unsecured borrowing rate and risk-adjusts that rate to approximate a collateralized rate at the commencement date to determine the present value of future payments that are reasonably certain.
Stock-Based Compensation
Stock-Based Compensation
HP determines stock-based compensation expense based on the measurement date fair value of the award. HP recognizes compensation cost only for those awards expected to meet the service and performance vesting conditions on a straight-line basis over the requisite service period of the award. HP determines compensation costs at the aggregate grant level for service-based awards and at the individual vesting tranche level for awards with performance and/or market conditions. HP estimates the forfeiture rate based on its historical experience.
Retirement and Post-Retirement Plans
Retirement and Post-Retirement Plans
HP has various defined benefit, other contributory and non-contributory retirement and post-retirement plans. HP generally amortizes unrecognized actuarial gains and losses on a straight-line basis over the average remaining estimated service life of participants. In limited cases, HP amortizes actuarial gains and losses using the corridor approach. See Note 4, “Retirement and Post-Retirement Benefit Plans” for a full description of these plans and the accounting and funding policies.
Advertising Cost
Advertising Cost
Costs to produce advertising are expensed as incurred during production. Costs to communicate advertising are expensed when the advertising is first run.
Restructuring and Other Charges
Restructuring and Other Charges
HP records charges associated with management-approved restructuring plans to reorganize one or more of HP’s business segments, to remove duplicative headcount and infrastructure associated with business acquisitions or to simplify business processes and accelerate innovation. Restructuring charges can include severance costs to reduce a specified number of employees, enhanced early retirement incentives, infrastructure charges to vacate facilities and consolidate operations, and contract cancellation costs. HP records restructuring charges based on estimated employee terminations, committed early retirements and site closure and consolidation plans. HP accrues for severance and other employee separation costs under these actions when it is probable that benefits will be paid and the amount is reasonably estimable. The rates used in determining severance accruals are based on existing plans, historical experiences and negotiated settlements. Other charges include non-recurring costs, including those as a result of information technology rationalization efforts and transformation program management costs, and are distinct from ongoing operational costs. These costs primarily relate to third-party professional services and other non-recurring costs.
Taxes on Earnings
Taxes on Earnings
HP recognizes deferred tax assets and liabilities for the expected tax consequences of temporary differences between the tax bases of assets and liabilities and their reported amounts using enacted tax rates in effect for the year the differences are expected to reverse. HP records a valuation allowance to reduce the deferred tax assets to the amount that is more likely than not to be realized.
HP records accruals for uncertain tax positions when HP believes that it is not more likely than not that the tax position will be sustained on examination by the taxing authorities based on the technical merits of the position. HP makes adjustments to these accruals when facts and circumstances change, such as the closing of a tax audit or the refinement of an estimate. The provision for income taxes includes the effects of adjustments for uncertain tax positions, as well as any related interest and penalties.
HP is subject to the Global Intangible Low-Taxed Income (“GILTI”) tax in the U.S. and elects to recognize these taxes as a current expense in the period incurred.
Accounts Receivable
Accounts Receivable
HP records allowance for credit losses for the current expected credit losses inherent in the asset over its expected life. The allowance for credit losses is maintained based on the relevant information about past events, including historical experience, current conditions, and reasonable and supportable forecasts that affect the collectability of the reported amount.
HP records a specific reserve for individual accounts when HP becomes aware of specific customer circumstances, such as in the case of a bankruptcy filing or deterioration in the customer’s operating results or financial position. If there are additional changes in circumstances related to the specific customer, HP further adjusts estimates of the recoverability of receivables. HP assesses collectability by pooling receivables where similar risk characteristics exist.
HP maintains an allowance for credit losses for all other customers based on a variety of factors, including the use of third-party credit risk models that generate quantitative measures of default probabilities based on market factors, financial condition of customers, length of time receivables are past due, trends in the weighted-average risk rating for the portfolio, macroeconomic conditions, information derived from competitive benchmarking, significant one-time events, and historical experience. The past due or delinquency status of a receivable is based on the contractual payment terms of the receivable.
HP utilizes certain third-party arrangements in the normal course of business as part of HP’s cash and liquidity management and also to provide liquidity to certain partners to facilitate their working capital requirements. These financing arrangements, which in certain cases provide for partial recourse, result in the transfer of HP’s trade receivables to a third-party. HP reflects amounts transferred to, but not yet collected from the third-party in Accounts receivable in the Consolidated Balance Sheets. For arrangements involving an element of recourse, the fair value of the recourse obligation is measured using market data from similar transactions and reported as a current liability in the Consolidated Balance Sheets.
Concentrations of Risk
Concentrations of Risk
Financial instruments that potentially subject HP to significant concentrations of credit risk consist principally of cash and cash equivalents, investments, receivables from trade customers and contract manufacturers and derivatives.
HP maintains cash and cash equivalents, investments, derivatives and certain other financial instruments with various financial institutions. These financial institutions are located in many different geographic regions, and HP’s policy is designed to limit exposure from any particular institution. As part of its risk management processes, HP performs periodic evaluations of the relative credit standing of these financial institutions. HP has not sustained material credit losses from instruments held at these financial institutions. HP utilizes derivative contracts to protect against the effects of foreign currency, interest rate and, on certain investment exposures. Such contracts involve the risk of non-performance by the counterparty, which could result in a material loss. The likelihood of which HP deems to be remote.
HP sells a significant portion of its products through third-party distributors and resellers and, as a result, maintains individually significant receivable balances with these parties. If the financial condition or operations of these distributors’ and resellers’ aggregated business deteriorates substantially, HP’s operating results could be adversely affected. The ten largest distributor and reseller receivable balances, which were concentrated primarily in North America and Europe, collectively represented approximately 47% and 38% of gross accounts receivable as of October 31, 2025 and 2024, respectively. One customer, TD Synnex Corp, accounted for 12.6% of gross accounts receivable as of October 31, 2025 and 9.7% of gross accounts receivable as of October 31, 2024. Credit risk with respect to other accounts receivable is generally diversified due to HP’s large customer base and their dispersion across many different industries and geographic markets. HP performs ongoing credit evaluations of the financial condition of its third-party distributors, resellers and other customers and may require collateral, such as letters of credit and bank guarantees, in certain circumstances. 
HP utilizes outsourced manufacturers around the world to manufacture HP-designed products. HP may purchase product components from suppliers and sell those components to its outsourced manufacturers thereby creating receivable balances from the outsourced manufacturers. The three largest outsourced manufacturer receivable balances collectively represented 94% and 89% of HP’s supplier receivables of $0.6 billion and $0.8 billion as of October 31, 2025 and 2024, respectively. HP includes the supplier receivables in Other current assets in the Consolidated Balance Sheets on a gross basis. HP’s credit risk associated with these receivables is mitigated wholly or in part, by the amount HP owes to these outsourced manufacturers, as HP generally has the legal right to offset its payables to the outsourced manufacturers against these receivables. HP does not reflect the sale of these components in net revenue and does not recognize any profit on these component sales until the related products are sold by HP, at which time any profit is recognized as a reduction to cost of products net revenue. 
HP obtains a significant number of components from single source suppliers like Canon, due to technology, availability, price, quality or other considerations. The loss of a single source supplier, the deterioration of HP’s relationship with a single source supplier, or any unilateral modification to the contractual terms under which HP is supplied components by a single source supplier could adversely affect HP’s net revenue, cash flows and gross margins.
Inventory
Inventory
HP records inventory at the lower of cost or net realizable value on a first-in, first-out basis. Cost is computed using standard cost which approximates actual cost. Adjustments, if required, to reduce the cost of inventory to net realizable value are made for estimated excess, obsolete or impaired balances after considering judgments related to future demand and market conditions.
Property, Plant and Equipment, Net
Property, Plant and Equipment, Net
HP reflects property, plant and equipment at cost less accumulated depreciation. HP capitalizes additions and improvements and expenses maintenance and repairs as incurred. Depreciation expense is recognized on a straight-line basis over the estimated useful lives of the assets. Estimated useful lives are five to 40 years for buildings and improvements and three to 15 years for machinery and equipment. HP depreciates leasehold improvements over the life of the lease or the asset, whichever is shorter. HP depreciates equipment held for lease over the initial term of the lease to the equipment’s estimated residual value. On retirement or disposition, the asset cost and related accumulated depreciation are removed from the Consolidated Balance Sheets with any gain or loss recognized in the Consolidated Statements of Earnings.
Internal Use Software and Cloud Computing Arrangements
Internal Use Software and Cloud Computing Arrangements
HP capitalizes external costs and directly attributable internal costs to acquire or create internal use software which are incurred subsequent to the completion of the preliminary project stage. These costs relate to activities such as software design, configuration, coding, testing, and installation. Costs related to post-implementation activities such as training and maintenance are expensed as incurred. Once the software is substantially complete and ready for its intended use, capitalized development costs are amortized straight-line over the estimated useful life of the software, generally not to exceed five years.
HP also enters into certain cloud-based software hosting arrangements that are accounted for as service contracts. For internal-use software obtained through a hosting arrangement that is in the nature of a service contract, HP incurs certain implementation costs such as integrating, configuring, and software customization, which are consistent with costs incurred during the application development stage for on-premise software. HP applies the same guidance to determine costs that are eligible for capitalization. For these arrangements, HP amortizes the capitalized development costs straight-line over the fixed, non-cancellable term of the associated hosting arrangement plus any reasonably certain renewal periods. HP also applies the same impairment model to both internal-use software and capitalized implementation costs in a software hosting arrangement that is in the nature of a service contract.
Goodwill
Goodwill
HP reviews goodwill for impairment annually during its fourth quarter and whenever events or changes in circumstances indicate the carrying amount of goodwill may not be recoverable. HP can elect to perform a qualitative assessment to test a reporting unit’s goodwill for impairment or directly perform the quantitative impairment test. Based on the qualitative assessment, if HP determines that the fair value of a reporting unit is more likely than not (i.e., a likelihood of more than 50 percent) to be less than its carrying amount, a quantitative impairment test will be performed.
If a quantitative impairment test is performed, HP compares the fair value of each reporting unit to its carrying amount. The fair values are derived most significantly from the income approach, with lesser weight attributed to the market approach. Under the income approach, HP estimates the fair value of a reporting unit based on the present value of estimated future cash flows. Cash flow projections are based on management’s estimates of revenue growth rates and operating margins, taking into consideration industry and market conditions. The discount rate is based on the weighted-average cost of capital adjusted for the relevant risk associated with business-specific characteristics and the uncertainty related to the reporting unit’s ability to execute on the projected cash flows. Under the market approach, HP estimates fair value based on market multiples of earnings derived from comparable publicly-traded companies with similar operating and investment characteristics as the reporting unit. HP weights the fair value derived from the market approach depending on the level of comparability of these publicly-traded companies to the reporting unit. When market comparables are not meaningful or not available, HP estimates the fair value of a reporting unit using only the income approach.
If the fair value of a reporting unit exceeds the carrying amount of the net assets assigned to that reporting unit, goodwill is not impaired. If the fair value of the reporting unit is less than its carrying amount, goodwill is impaired and the excess of the reporting unit’s carrying value over the fair value is recognized as an impairment loss.
Debt and Marketable Equity Securities Investments
Debt and Marketable Equity Securities Investments
HP determines the appropriate classification of its investments at the time of purchase and re-evaluates the classifications at each balance sheet date. Debt and marketable equity securities are generally considered available-for-sale. All highly liquid investments with maturities of three months or less at the date of purchase are classified as cash equivalents. Marketable debt securities with maturities of twelve months or less are classified as short-term investments and marketable debt securities with maturities greater than twelve months are classified based on their availability for use in current operations. Marketable equity securities, including mutual funds, are classified as either short or long-term based on the nature of each security and its availability for use in current operations.
Available-for-sale debt securities are reported at fair value with unrealized gains and losses, net of applicable taxes, in Accumulated other comprehensive loss. Unrealized gains and losses on equity securities, credit losses and impairments on available-for-sale debt securities are recorded in Consolidated Statements of Earnings. Realized gains and losses on available-for-sale securities are calculated at the individual security level and included in Interest and other, net in the Consolidated Statements of Earnings.
HP monitors its investment portfolio for potential impairment and credit losses on a quarterly basis. If HP intends to sell a debt security or it is more likely than not that HP will be required to sell the security before recovery, then a decline in fair value below cost is recorded as an impairment charge in Interest and other, net and a new cost basis in the investment is established.
In other cases, if the carrying amount of an investment in debt securities exceeds its fair value and the decline in value is determined to be due to credit related reasons, HP records a credit loss allowance, limited by the amount that fair value is less than the amortized cost basis. HP recognizes the corresponding charge in Interest and other, net and the remaining unrealized loss, if any, in Accumulated other comprehensive loss in the Consolidated Balance Sheets. Factors that HP considers while determining the credit loss allowance includes, but is not limited to, severity and the reason for the decline in value, interest rate changes and counterparty long-term ratings.
Derivatives
Derivatives
HP uses derivative instruments, primarily forward contracts, option contracts, interest rate swaps, total return swaps, treasury rate locks and forward starting swaps to hedge certain foreign currency, interest rate and, return on certain investment exposures. HP also may use other derivative instruments not designated as hedges, such as forwards used to hedge foreign currency balance sheet
exposures. HP does not use derivative instruments for speculative purposes. See Note 10, “Financial Instruments” for a full description of HP’s derivative instrument activities and related accounting policies.
Legal Contingencies
Legal Contingencies
HP is involved in various lawsuits, claims, investigations and proceedings that arise in the ordinary course of business. HP records a liability for contingencies when it believes it is both probable that a liability has been incurred and the amount of the loss can be reasonably estimated. See Note 14, “Litigation and Contingencies” for a full description of HP’s loss contingencies and related accounting policies.
Government Assistance
Government Assistance
HP recognizes government assistance in its financial statements when there is reasonable assurance that the assistance will be received and HP will comply with the specified conditions thereof.
Government assistance related to capital expenditures are deducted from property, plant and equipment, net and recognized in the Consolidated Statements of Earnings as a reduction to depreciation and amortization expense over the remaining useful life of the associated assets.
Government assistance related to income are recognized in the Consolidated Statements of Earnings as a reduction to the related expenses, in the period the expenses are incurred, based on the underlying nature and purpose of the assistance.
Segment Information
The accounting policies HP uses to derive segment results are substantially the same as those used by HP in preparing these financial statements. HP derives the results of the business segments directly from its internal management reporting system.
HP does not allocate certain operating expenses, which it manages at the corporate level, to its segments. These unallocated amounts include expenses such as certain corporate governance costs and infrastructure investments, stock-based compensation expense, restructuring and other charges, acquisition and divestiture charges, amortization of intangible assets and certain litigation (charges) benefits, net.
Fair Value
Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability (an exit price) in an orderly transaction between market participants at the measurement date. 
Fair Value Hierarchy
HP uses valuation techniques that are based upon observable and unobservable inputs. Observable inputs are developed using market data such as publicly available information and reflect the assumptions market participants would use, while unobservable inputs are developed using the best information available about the assumptions market participants would use. Assets and liabilities are classified in the fair value hierarchy based on the lowest level input that is significant to the fair value measurement:
Level 1—Quoted prices (unadjusted) in active markets for identical assets or liabilities.
Level 2—Quoted prices for similar assets or liabilities in active markets, quoted prices for identical or similar assets or liabilities in markets that are not active, inputs other than quoted prices that are observable for the asset or liability and market-corroborated inputs.
Level 3—Unobservable inputs for the asset or liability.
The fair value hierarchy gives the highest priority to observable inputs and lowest priority to unobservable inputs.
Valuation Techniques 
Cash Equivalents and Investments: HP holds money market funds, mutual funds, other debt securities primarily consisting of corporate and foreign government notes and bonds, and common stock and equivalents. HP values cash equivalents and equity investments using quoted market prices, alternative pricing sources, including net asset value, or models utilizing market observable inputs. The fair value of debt investments is based on quoted market prices or model-driven valuations using inputs primarily derived from or corroborated by observable market data, and, in certain instances, valuation models that utilize assumptions which cannot be corroborated with observable market data. 
Derivative Instruments: HP uses industry standard valuation models to measure fair value. Where applicable, these models project future cash flows and discount the future amounts to present value using market-based observable inputs, including interest rate curves, HP and counterparty credit risk, foreign exchange rates, and forward and spot prices for currencies and interest rates. See Note 10, “Financial Instruments” for a further discussion of HP’s use of derivative instruments. 
Other Fair Value Disclosures
Short- and Long-Term Debt: HP estimates the fair value of its debt primarily using an expected present value technique, which is based on observable market inputs using interest rates currently available to companies of similar credit standing for similar terms and remaining maturities and considering its own credit risk. The portion of HP’s debt that is hedged is reflected in the Consolidated Balance Sheets as an amount equal to the debt’s carrying amount and a fair value adjustment representing changes in the fair value of the hedged debt obligations arising from movements in benchmark interest rates. The fair value of HP’s short- and long-term debt was $9.6 billion as compared to its carrying amount of $9.7 billion as of October 31, 2025. The fair value of HP’s short- and long-term debt was $9.4 billion as compared to its carrying value of $9.7 billion at October 31, 2024. If measured at fair value in the Consolidated Balance Sheets, short- and long-term debt would be classified in Level 2 of the fair value hierarchy.
Other Financial Instruments: For the balance of HP’s financial instruments, primarily accounts receivable, accounts payable and financial liabilities included in Other current liabilities on the Consolidated Balance Sheets, the carrying amounts approximate fair value due to their short-term maturities. If measured at fair value in the Consolidated Balance Sheets, these other financial instruments would be classified as Level 2 or Level 3 of the fair value hierarchy.
Non-Marketable Equity Investments and Non-Financial Assets: HP’s non-marketable equity investments are measured at cost less impairment, adjusted for observable price changes. HP’s non-financial assets, such as intangible assets, goodwill and property, plant and equipment, are recorded at fair value in the period an impairment charge is recognized. If measured at fair value in the Consolidated Balance Sheets these would generally be classified within Level 3 of the fair value hierarchy.
Cash Equivalents and Available-for-Sale Investments All highly liquid investments with original maturities of three months or less at the date of acquisition are considered cash equivalents.
Earnings Per Share
HP calculates basic net EPS using net earnings and the weighted-average number of shares outstanding during the reporting period. Diluted net EPS includes any dilutive effect of restricted stock units, stock options, performance-based awards and shares purchased under the 2021 employee stock purchase plan.
Guarantees, Indemnifications and Warranties
Guarantees 
In the ordinary course of business, HP may issue performance guarantees to certain of its clients, customers and other parties pursuant to which HP has guaranteed the performance obligations of third parties. Some of those guarantees may be backed by standby letters of credit or surety bonds. In general, HP would be obligated to perform over the term of the guarantee in the event a specified triggering event occurs as defined by the guarantee. HP believes the likelihood of having to perform under a material guarantee is remote.
Cross-Indemnifications with Hewlett Packard Enterprise
On November 1, 2015, Hewlett-Packard Company completed the separation of Hewlett Packard Enterprise, Hewlett-Packard Company’s former enterprise technology infrastructure, software, services and financing businesses. The separation and distribution agreement provides for cross-indemnities between HP and Hewlett Packard Enterprise for liabilities allocated to the respective party pursuant to the terms of such agreement. For information on cross-indemnifications with Hewlett Packard Enterprise for litigation matters, see Note 14, “Litigation and Contingencies”.
Indemnifications 
In the ordinary course of business, HP enters into contractual arrangements under which HP may agree to indemnify a third-party to such arrangement from any losses incurred relating to the services they perform on behalf of HP or for losses arising from certain events as defined within the particular contract, which may include, for example, litigation or claims relating to past performance. HP also provides indemnifications to certain vendors and customers against claims of intellectual property infringement made by third parties arising from the vendors’ and customers’ use of HP’s software products and services and certain other matters. Some indemnifications may not be subject to maximum loss clauses. Historically, payments made related to these indemnifications have been immaterial.
HP records tax indemnification receivables from various third parties for certain tax liabilities that HP is jointly and severally liable for, but for which it is indemnified by those same third parties under existing legal agreements. HP records a tax indemnification payable to various third parties under these agreements when management believes that it is both probable that a liability has been incurred and the amount can be reasonably estimated. The actual amount that the third parties pay or may be obligated to pay HP could vary depending on the outcome of certain unresolved tax matters, which may not be resolved for several years.
Warranties
HP accrues the estimated cost of product warranties at the time it recognizes revenue. HP engages in extensive product quality programs and processes, including actively monitoring and evaluating the quality of its component suppliers; however, contractual warranty terms, repair costs, product call rates, average cost per call, current period product shipments and ongoing product failure rates, as well as specific product class failures outside of HP’s baseline experience, affect the estimated warranty obligation.
v3.25.3
Segment Information (Tables)
 12 Months Ended
Oct. 31, 2025
Segment Reporting [Abstract]  
Schedule of Reconciliation of Revenue from Segment Operating Results to HP Consolidated Results
Significant Segment Expenses and Operating Results
 For the fiscal years ended October 31
 202520242023
 In millions
Net revenue
   
Commercial PS$27,438 $25,486 $24,712 
Consumer PS
11,094 10,709 10,972 
Personal Systems38,532 36,195 35,684 
Supplies10,916 11,295 11,452 
Commercial Printing4,633 4,841 5,250 
Consumer Printing1,153 1,202 1,327 
Printing16,702 17,338 18,029 
Corporate Investments62 25 7 
Total segment net revenue55,296 53,558 53,720 
Other(1)1 (2)
Total net revenue$55,295 $53,559 $53,718 
Cost of net revenue
Personal Systems
$32,877 $30,385 $30,267 
Printing
10,871 11,233 11,847 
Corporate Investments
58 48 10 
Total segment cost of net revenue
$43,806 $41,666 $42,124 
Operating expenses
Personal Systems
$3,601 $3,557 $3,288 
Printing
2,713 2,815 2,783 
Corporate Investments
134 109 139 
Total segment operating expenses
$6,448 $6,481 $6,210 
Earnings before taxes
  
Personal Systems$2,054 $2,253 $2,129 
Printing3,118 3,290 3,399 
Corporate Investments(130)(132)(142)
Total segment earnings from operations5,042 5,411 5,386 
Corporate and unallocated costs and other(411)(381)(375)
Stock-based compensation expense(522)(452)(438)
Restructuring and other charges(405)(301)(527)
Acquisition and divestiture charges(45)(83)(240)
Amortization of intangible assets(345)(318)(350)
Certain litigation charges(140)(58)— 
Interest and other, net(1)
(506)(539)(519)
Total earnings before taxes$2,668 $3,279 $2,937 
(1)    Fiscal year 2025 includes Certain litigation benefits from a single litigation matter that does not relate to HP's ongoing business operations
Schedule of Reconciliation of Operating Profit (Loss) from Segment Operating Results to HP Consolidated Results
Significant Segment Expenses and Operating Results
 For the fiscal years ended October 31
 202520242023
 In millions
Net revenue
   
Commercial PS$27,438 $25,486 $24,712 
Consumer PS
11,094 10,709 10,972 
Personal Systems38,532 36,195 35,684 
Supplies10,916 11,295 11,452 
Commercial Printing4,633 4,841 5,250 
Consumer Printing1,153 1,202 1,327 
Printing16,702 17,338 18,029 
Corporate Investments62 25 7 
Total segment net revenue55,296 53,558 53,720 
Other(1)1 (2)
Total net revenue$55,295 $53,559 $53,718 
Cost of net revenue
Personal Systems
$32,877 $30,385 $30,267 
Printing
10,871 11,233 11,847 
Corporate Investments
58 48 10 
Total segment cost of net revenue
$43,806 $41,666 $42,124 
Operating expenses
Personal Systems
$3,601 $3,557 $3,288 
Printing
2,713 2,815 2,783 
Corporate Investments
134 109 139 
Total segment operating expenses
$6,448 $6,481 $6,210 
Earnings before taxes
  
Personal Systems$2,054 $2,253 $2,129 
Printing3,118 3,290 3,399 
Corporate Investments(130)(132)(142)
Total segment earnings from operations5,042 5,411 5,386 
Corporate and unallocated costs and other(411)(381)(375)
Stock-based compensation expense(522)(452)(438)
Restructuring and other charges(405)(301)(527)
Acquisition and divestiture charges(45)(83)(240)
Amortization of intangible assets(345)(318)(350)
Certain litigation charges(140)(58)— 
Interest and other, net(1)
(506)(539)(519)
Total earnings before taxes$2,668 $3,279 $2,937 
(1)    Fiscal year 2025 includes Certain litigation benefits from a single litigation matter that does not relate to HP's ongoing business operations
Schedule of Reconciliation of Segment Assets to HP Consolidated Assets
HP allocates assets to its business segments based on the segments primarily benefiting from the assets. Total assets by segment and the reconciliation of segment assets to HP consolidated assets were as follows:
 As of October 31
 20252024
 In millions
Personal Systems$24,928 $22,378 
Printing14,632 16,457 
Corporate Investments279 181 
Corporate and unallocated assets1,930 893 
Total assets$41,769 $39,909 
Schedule of Net Revenue by Geographical Areas
Net revenue by country was as follows:
 For the fiscal years ended October 31
 202520242023
  In millions 
United States$19,212 $18,790 $18,829 
Other countries36,083 34,769 34,889 
Total net revenue$55,295 $53,559 $53,718 
Schedule of Net Property, Plant and Equipment by Geographical Areas
Net property, plant and equipment by country in which HP operates was as follows:
 As of October 31
 20252024
 In millions
United States$1,647 $1,471 
Singapore338 335 
South Korea276 297 
Other countries788 811 
Total property, plant and equipment, net$3,049 $2,914 
v3.25.3
Restructuring and Other Charges (Tables)
 12 Months Ended
Oct. 31, 2025
Restructuring and Related Activities [Abstract]  
Schedule of Restructuring Activities by Plan
HP’s restructuring activities in fiscal years 2025, 2024 and 2023 summarized by plan were as follows:
Fiscal 2023 Plan
Other prior year plans(1)
Total
Severance and EERNon-labor
In millions
Accrued balance as of October 31, 2022
$— $— $32 $32 
Charges402 41 1 444 
Cash payments(172)(15)(35)(222)
Non-cash and other adjustments(142)(2)(8)4 (146)
Accrued balance as of October 31, 2023
88 18 2 108 
Charges205 16 12 233 
Cash payments(173)(18)(5)(196)
Non-cash and other adjustments— (5)(2)(7)
Accrued balance as of October 31, 2024
120 11 7 138 
Charges266 61 — 327 
Cash payments(230)(14)(4)(248)
Non-cash and other adjustments4 (50)1 (45)
Accrued balance as of October 31, 2025
$160 $8 $4 $172 
Total costs incurred to date as of October 31, 2025
$873 $118 $878 $1,869 
Reflected in Consolidated Balance Sheet:
Other current liabilities$160 $3 $4 $167 
Other non-current liabilities$— $5 $— $5 
(1)    Primarily includes the fiscal 2020 plan along with other legacy plans, all of which are substantially complete. HP does not expect any further material activity associated with these plans.
(2)    Includes reclassification of liability related to the Enhanced Early Retirement ("EER") plan of $139 for certain healthcare and medical savings account benefits to pension and post-retirement plans. See Note 4 “Retirement and Post-Retirement Benefit Plans” for further information.
v3.25.3
Retirement and Post-Retirement Benefit Plans (Tables)
 12 Months Ended
Oct. 31, 2025
Retirement Benefits [Abstract]  
Schedule of Components of Pension and Post-Retirement Benefit (Credit) Cost Recognized
The components of HP’s pension and post-retirement benefit (credit) cost recognized in the Consolidated Statements of Earnings were as follows:
 For the fiscal years ended October 31
 202520242023202520242023202520242023
 U.S. Defined
Benefit Plans		Non-U.S. Defined
Benefit Plans		Post-Retirement
Benefit Plans
 In millions
Service cost$— $— $— $39 $37 $39 $1 $1 $1 
Interest cost214 228 217 43 46 41 14 15 15 
Expected return on plan assets(241)(246)(258)(57)(51)(53)(14)(15)(14)
Amortization and deferrals:      
Actuarial loss (gain)29 28 18 8 (1)4 (17)(15)(16)
Prior service cost (credit)— — — 7 6 5 (6)(10)(11)
Net periodic benefit cost (credit)
2 10 (23)40 37 36 (22)(24)(25)
Settlement loss
— — — 8 2 — — — — 
Special termination benefit cost— — 105 — — — — — 34 
Total periodic benefit cost (credit)
$2 $10 $82 $48 $39 $36 $(22)$(24)$9 
Schedule of Weighted-Average Assumptions Used to Calculate Total Periodic Benefit (Credit) Cost
The weighted-average assumptions used to calculate the total periodic benefit (credit) cost were as follows: 
 For the fiscal years ended October 31
 202520242023202520242023202520242023
 U.S. Defined
Benefit Plans		Non-U.S. Defined
Benefit Plans		Post-Retirement
Benefit Plans
Discount rate5.3%6.2%5.7%3.2%3.9%3.5%5.2%6.0%5.6%
Expected increase in compensation levels2.0%2.0%2.0%2.7%3.0%3.0%—%—%—%
Expected long-term return on plan assets5.9%6.6%6.4%5.1%5.3%5.4%4.5%5.2%3.3%
Interest crediting rate
5.2%5.5%5.0%2.6%2.6%2.6%4.7%5.4%4.2%
Schedule of Funded Status of Defined Benefit and Post-Retirement Benefit Plans
The funded status of the defined benefit and post-retirement benefit plans was as follows:
 As of October 31
 202520242025202420252024
 U.S. Defined
Benefit Plans		Non-U.S. Defined
Benefit Plans		Post-Retirement
Benefit Plans
 In millions
Change in fair value of plan assets:      
Fair value of assets — beginning of year$4,218 $3,853 $1,085 $959 $317 $382 
Actual return on plan assets314 598 67 111 15 33 
Employer contributions26 26 43 53 5 4 
Participant contributions— — 15 17 25 28 
Benefits paid(250)(258)(38)(54)(48)(48)
Settlement(2)(1)(35)(28)— — 
Transfers
— — — — — (82)
Currency impact— — 67 27 — — 
Fair value of assets — end of year$4,306 $4,218 $1,204 $1,085 $314 $317 
Change in benefits obligation      
Projected benefit obligation — beginning of year$4,218 $3,854 $1,345 $1,185 $287 $299 
Service cost— — 39 37 1 1 
Interest cost214 228 43 46 14 15 
Participant contributions— — 15 17 25 28 
Actuarial loss (gain)
83 395 (16)116 (12)(8)
Benefits paid(250)(258)(38)(54)(48)(48)
Settlement(2)(1)(35)(28)— — 
Currency impact— — 79 26 — — 
Projected benefit obligation — end of year$4,263 $4,218 $1,432 $1,345 $267 $287 
Funded status at end of year$43 $— $(228)$(260)$47 $30 
Accumulated benefit obligation$4,263 $4,217 $1,325 $1,248 
Schedule of Weighted-Average Assumptions Used to Calculate Projected Benefit Obligations
The weighted-average assumptions used to calculate the projected benefit obligations were as follows:
 For the fiscal years ended October 31
 202520242025202420252024
 U.S. Defined
Benefit Plans		Non-U.S. Defined
Benefit Plans		Post-Retirement
Benefit Plans
Discount rate5.3%5.3%3.5%3.2%5.2%5.2%
Expected increase in compensation levels2.0%2.0%2.8%2.7%—%—%
Interest crediting rate
5.1%5.2%2.6%2.6%4.6%4.7%
Schedule of Net Assets And Liabilities For Defined Benefit And Post-Retirement Benefit Plans
The net assets and liabilities for HP’s defined benefit and post-retirement benefit plans recognized on HP’s Consolidated Balance Sheet were as follows:
 As of October 31
 202520242025202420252024
 U.S. Defined
Benefit Plans		Non-U.S. Defined
Benefit Plans		Post-Retirement
Benefit Plans
 In millions
Other non-current assets$313 $277 $61 $50 $51 $35 
Other current liabilities(31)(31)(9)(10)(3)(4)
Other non-current liabilities(239)(246)(280)(300)(1)(1)
Funded status at end of year$43 $— $(228)$(260)$47 $30 
Schedule of Pre-Tax Net Actuarial Loss (Gain) and Prior Service Benefit Recognized in Accumulated Other Comprehensive Loss for Defined Benefit and Post-Retirement Benefit Plans
The following table summarizes the pre-tax net actuarial loss (gain) and prior service cost (credit) recognized in Accumulated other comprehensive income (loss) for the defined benefit and post-retirement benefit plans.
 As of October 31, 2025
 U.S. Defined
Benefit Plans		Non-U.S. Defined
Benefit Plans		Post-Retirement
Benefit Plans
 In millions
Net actuarial loss (gain)$553 $31 $(187)
Prior service cost (credit)— 28 (40)
Total recognized in Accumulated other comprehensive income (loss)$553 $59 $(227)
Schedule of Defined Benefit Plans with Projected Benefit Obligations Exceeding Fair Value of Plan Assets
Defined benefit plans with projected benefit obligations exceeding the fair value of plan assets were as follows:
 As of October 31
 2025202420252024
 U.S. Defined
Benefit Plans		Non-U.S. Defined
Benefit Plans
 In millions
Aggregate fair value of plan assets$— $— $976 $894 
Aggregate projected benefit obligation$270 $277 $1,267 $1,207 
Schedule of Defined Benefit Plans with Accumulated Benefit Obligations Exceeding Fair Value of Plan Assets
Defined benefit plans with accumulated benefit obligations exceeding the fair value of plan assets were as follows:
 As of October 31
 2025202420252024
 U.S. Defined
Benefit Plans		Non-U.S. Defined
Benefit Plans
 In millions
Aggregate fair value of plan assets$— $— $685 $610 
Aggregate accumulated benefit obligation$270 $277 $900 $859 
Schedule of Total Plan Assets by Asset Category
The table below sets forth the total value of plan assets as of October 31, 2025. Refer to Note 9, “Fair Value” for details on fair value hierarchy. Certain investments that are measured using the Net Asset Value (“NAV”) per share as a practical expedient have not been categorized in the fair value hierarchy. 
 As of October 31, 2025
 U.S. Defined Benefit PlansNon-U.S. Defined Benefit PlansPost-Retirement Benefit Plans
 Level 1Level 2Level 3TotalLevel 1Level 2Level 3TotalLevel 1Level 2Level 3Total
 In millions
Asset category:   
Equity securities(1)
$— $18 $— $18 $9 $103 $— $112 $— $2 $— $2 
Debt securities(2)
Corporate
— 2,266 — 2,266 — 58 — 58 — 146 — 146 
Government
— 1,264 — 1,264 — 136 — 136 — 88 — 88 
Real estate funds— — — — — 16 — 16 — — — — 
Insurance contracts— — — — — 79 — 79 — — — — 
Common collective trusts and 103-12 Investment entities(3)
— — — — — 10 — 10 — — — — 
Investment funds(4)
31 — — 31 — 408 — 408 43 — 43 
Cash and cash equivalents(5)
5 28 — 33 25 1 — 26 — — — — 
Other(6)
(129)(11)— (140)— 9 — 9 (3)— (3)
Net plan assets subject to leveling at fair value
$(93)$3,565 $— $3,472 $34 $820 $— $854 $40 $236 $— $276 
Investments using NAV as a practical expedient(7)
834 350 38 
Total plan assets
$4,306 $1,204 $314 
     The table below sets forth the total plan assets as of October 31, 2024.
 As of October 31, 2024
 U.S. Defined Benefit PlansNon-U.S. Defined Benefit PlansPost-Retirement Benefit Plans
 Level 1Level 2Level 3TotalLevel 1Level 2Level 3TotalLevel 1Level 2Level 3Total
 In millions
Asset category:   
Equity securities(1)
$— $17 $— $17 $8 $109 $— $117 $— $— $— $— 
Debt securities(2)
Corporate
— 2,213 — 2,213 — 16 — 16 — 143 — 143 
Government
— 1,392 — 1,392 — 59 — 59 — 102 — 102 
Real estate funds— — — — — — — — — — — — 
Insurance contracts— — — — — 72 — 72 — — — — 
Common collective trusts and 103-12 Investment entities(3)
— — — — — 10 — 10 — — — — 
Investment funds(4)
10 — — 10 — 347 — 347 45 — 45 
Cash and cash equivalents(5)
17 23 — 40 21 1 — 22 — — — — 
Other(6)
(251)(147)— (398)— 116 — 116 (8)— (8)
Net plan assets subject to leveling at fair value
$(224)$3,498 $— $3,274 $29 $730 $— $759 $37 $245 $— $282 
Investments using NAV as a practical expedient(7)
944 326 35 
Total plan assets
$4,218 $1,085 $317 
(1)Investments in publicly traded equity securities are valued using the closing price on the measurement date as reported on the stock exchange on which the individual securities are traded.
(2)The fair value of corporate, government and asset-backed debt securities is based on observable inputs of comparable market transactions. Also included in this category is debt issued by national, state and local governments and agencies.
(3)Department of Labor 103-12 IE (Investment Entity) designation is for plan assets held by two or more unrelated employee benefit plans which includes limited partnerships and venture capital partnerships. Certain common collective trusts and interests in 103-12 entities are valued using NAV as a practical expedient.
(4)Includes publicly traded funds of investment companies that are registered with the SEC, funds that are not publicly traded and a non-U.S. fund-of-fund arrangement.
(5)Includes cash and cash equivalents such as short-term marketable securities. Cash and cash equivalents include money market funds, which are valued based on NAV. Other assets were classified in the fair value hierarchy based on the lowest level input (e.g., quoted prices and observable inputs) that is significant to the fair value measure in its entirety.
(6)Includes primarily reverse repurchase agreements, unsettled transactions, and derivative instruments.
(7)These investments include alternative investments, which primarily consist of private equities and hedge funds. The valuation of alternative investments, such as limited partnerships and joint ventures, may require significant management judgment. For alternative investments, valuation is based on NAV as reported by the asset manager or investment company and adjusted for cash flows, if necessary. In making such an assessment, a variety of factors are reviewed by management, including but not limited to the timeliness of NAV as reported by the asset manager and changes in general economic and market conditions subsequent to the last NAV reported by the asset manager.
•Private equities include limited partnerships such as equity, buyout, venture capital, real estate and other similar funds that invest in the United States and internationally where foreign currencies are hedged.
•Hedge funds include limited partnerships that invest both long and short primarily in common stocks and credit, relative value, event-driven equity, distressed debt and macro strategies. Management of the hedge funds has the ability to shift investments from value to growth strategies, from small to large capitalization stocks and bonds, and from a net long position to a net short position.
These investments also include Common Collective Trusts and 103-12 Investment Entities as defined in note (3) above and Investment Funds as defined in note (4) above.
Schedule of Weighted-Average Target Asset Allocations Across Benefit Plans The weighted-average target asset allocations across the benefit plans represented in the fair value tables above were as follows:
2025 Target Allocation
Asset Category
U.S. Defined
Benefit Plans
Non-U.S. Defined
Benefit Plans		Post-Retirement
Benefit Plans
Equity-related investments—%34.6%—%
Debt securities92.0%38.8%100.0%
Real estate—%9.1%—%
Cash and cash equivalents—%5.6%—%
Other8.0%11.9%—%
Total100.0%100.0%100.0%
Schedule of Estimated Future Benefits Payments for Retirement and Post-Retirement Plans
As of October 31, 2025, HP estimates that the future benefits payments for the retirement and post-retirement plans are as follows:
Fiscal yearU.S. Defined
Benefit Plans		Non-U.S.
Defined
Benefit Plans		Post-Retirement
Benefit Plans
 In millions
2026$288 $63 $25 
2027279 63 23 
2028289 66 22 
2029301 69 22 
2030306 71 21 
Next five fiscal years to October 31, 2035
1,549 429 97 
v3.25.3
Stock-Based Compensation (Tables)
 12 Months Ended
Oct. 31, 2025
Share-Based Payment Arrangement [Abstract]  
Schedule of Stock-Based Compensation Expense and the Resulting Tax Benefits
Stock-based compensation expense and the resulting tax benefits for operations were as follows:
 For the fiscal years ended October 31
 202520242023
 In millions
Stock-based compensation expense$522 $452 $438 
Income tax benefit(88)(77)(72)
Stock-based compensation expense, net of tax $434 $375 $366 
Schedule of Assumptions Used to Measure Fair Value of Restricted Stock Units The assumptions used to measure the fair value of restricted stock units subject to performance-adjusted vesting conditions in the Monte Carlo simulation model were as follows:
 For the fiscal years ended October 31
 202520242023
Expected volatility(1)
34.0%33.9%44.4%
Risk-free interest rate(2)
4.0%4.1%4.0%
Expected performance period in years(3)
2.92.92.9
(1)The expected volatility was estimated using the historical volatility derived from HP’s common stock.
(2)The risk-free interest rate was estimated based on the yield on U.S. Treasury zero-coupon issues.
(3)The expected performance period was estimated based on the length of the remaining performance period from the grant date.
Schedule of Restricted Stock Awards Activity
A summary of restricted stock units activity is as follows:
 As of October 31
 202520242023
 SharesWeighted-
Average
Grant Date
Fair Value
Per Share		SharesWeighted-
Average
Grant Date
Fair Value
Per Share		SharesWeighted-
Average
Grant Date
Fair Value
Per Share
 In thousands In thousands In thousands 
Outstanding at beginning of year31,868 $30 30,209 $31 28,688 $30 
Granted
20,759 $34 18,262 $32 18,500 $31 
Vested(14,912)$31 (14,483)$33 (15,291)$29 
Forfeited(3,092)$32 (2,120)$31 (1,688)$31 
Outstanding at end of year34,623 $32 31,868 $30 30,209 $31 
Schedule of Shares Available for Future Grant and Shares Reserved for Future Issuance
Shares available for future grant and shares reserved for future issuance under the stock-based incentive compensation plans and the 2021 ESPP were as follows:
 As of October 31
 202520242023
 In thousands
Shares available for future grant100,719 144,553 133,033 
Shares reserved for future issuance139,863 181,463 169,503 
v3.25.3
Taxes on Earnings (Tables)
 12 Months Ended
Oct. 31, 2025
Income Tax Disclosure [Abstract]  
Schedule of Domestic and Foreign Components of Earnings
The domestic and foreign components of earnings before taxes were as follows:
 For the fiscal years ended October 31
h202520242023
 In millions
U.S.$107 $537 $650 
Non-U.S.2,561 2,742 2,287 
 $2,668 $3,279 $2,937 
Schedule of (Benefit from) Provision for Taxes on Earnings
The provision for (benefit from) taxes on earnings was as follows:
For the fiscal years ended October 31
 202520242023
 In millions
U.S. federal taxes:   
Current$(188)$245 $226 
Deferred(121)34 (549)
Non-U.S. taxes:
Current328 357 337 
Deferred95 (193)(305)
State taxes:
Current(13)33 42 
Deferred38 28 (77)
 $139 $504 $(326)
Schedule of Differences Between U.S. Federal Statutory Income Tax Rate and HP's Effective Tax Rate
The differences between the U.S. federal statutory income tax rate and HP’s effective tax rate were as follows:
 For the fiscal years ended October 31
 202520242023
U.S. federal statutory income tax rate from continuing operations21.0 %21.0 %21.0 %
State income taxes, net of federal tax benefit2.4 %2.2 %1.7 %
Impact of foreign earnings including GILTI and FDII, net(2.9)%(1.0)%(1.1)%
Research and development (“R&D”) credit(2.3)%(1.1)%(1.0)%
Valuation allowances(2.5)%(7.1)%(7.3)%
Uncertain tax positions and audit settlements(10.2)%1.0 %2.4 %
Changes in tax laws or rates enacted
1.4 %0.3 %(0.3)%
Impact of internal reorganization— %— %(27.4)%
Other, net(1.7)%0.1 %0.9 %
 5.2 %15.4 %(11.1)%
Schedule of Reconciliation of Unrecognized Tax Benefits
A reconciliation of unrecognized tax benefits is as follows:
 For the fiscal years ended October 31
 202520242023
 In millions
Balance at beginning of year$1,217 $1,137 $1,045 
Increases:  
For current year’s tax positions85 82 61 
For prior years’ tax positions14 52 186 
Decreases:
For prior years’ tax positions(79)(9)(35)
Statute of limitations expirations(338)(33)(8)
Settlements with taxing authorities(34)(12)(112)
Balance at end of year$865 $1,217 $1,137 
Schedule of Significant Components of Deferred Tax Assets and Deferred Tax Liabilities The significant components of deferred tax assets and deferred tax liabilities were as follows:
 As of October 31
 20252024
 In millions
Deferred tax assets:
Loss and credit carryforwards$6,792 $7,050 
Intercompany transactions—excluding inventory208 357 
Fixed assets107 113 
Warranty81 100 
Employee and retiree benefits226 242 
Deferred revenue244 240 
Capitalized research and development1,187 1,014 
Operating lease liabilities244 272 
Investment in partnership672 710 
Other393 395 
Gross deferred tax assets10,154 10,493 
Valuation allowances(6,479)(6,688)
Total deferred tax assets3,675 3,805 
Deferred tax liabilities:
Unremitted earnings of foreign subsidiaries(36)(107)
Right-of-use assets from operating leases(211)(235)
Intangible assets(121)(159)
Cash flow hedges(5)(24)
Total deferred tax liabilities(373)(525)
Net deferred tax assets$3,302 $3,280 
Deferred tax assets and liabilities included in the Consolidated Balance Sheets as follows:
 As of October 31
 20252024
 In millions
Deferred tax assets$3,318 $3,311 
Deferred tax liabilities(16)(31)
Total$3,302 $3,280 
Schedule of Deferred Tax Assets for Net Operating Loss Carryforwards As of October 31, 2025, HP had recorded deferred tax assets for net operating loss (“NOL”) carryforwards as follows:
 Gross NOLsDeferred Taxes on NOLsValuation allowanceInitial Year of Expiration
 In millions
Federal$33 $7 $(1)2026
State1,817 97 (23)2026
Foreign24,134 6,471 (6,027)2028
Balance at end of year$25,984 $6,575 $(6,051)
Schedule of Deferred Tax Assets for Various Tax Credit Carryforwards
As of October 31, 2025, HP had recorded deferred tax assets for various tax credit carryforwards as follows:
 CarryforwardValuation
Allowance		Initial Year of Expiration
 In millions
Tax credits in state and foreign jurisdictions$307 $(61)2026
U.S. R&D and other credits52 — 2045
Balance at end of year$359 $(61) 
Schedule of Deferred Tax Asset Valuation Allowance and Changes
The deferred tax asset valuation allowance and changes were as follows:
 For the fiscal years ended October 31
 202520242023
 In millions
Balance at beginning of year$6,688 $6,994 $7,592 
Income tax (benefit) expense (230)(300)(650)
Goodwill, other comprehensive loss (income), currency translation and charges to other accounts21 (6)52 
Balance at end of year$6,479 $6,688 $6,994 
v3.25.3
Supplementary Financial Information (Tables)
 12 Months Ended
Oct. 31, 2025
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Schedule of Cash, Cash Equivalents and Restricted Cash
Cash, cash equivalents and restricted cash
 As of October 31
 20252024
 In millions
Cash and cash equivalents$3,690 $3,238 
Restricted cash(1)
15 15 
$3,705 $3,253 
(1)    Restricted Cash is related to amounts collected and held on behalf of a third-party for trade receivables previously sold.
Schedule of Cash, Cash Equivalents and Restricted Cash
Cash, cash equivalents and restricted cash
 As of October 31
 20252024
 In millions
Cash and cash equivalents$3,690 $3,238 
Restricted cash(1)
15 15 
$3,705 $3,253 
(1)    Restricted Cash is related to amounts collected and held on behalf of a third-party for trade receivables previously sold.
Schedule of Allowance for Credit Losses Related to Accounts Receivable
The allowance for credit losses related to accounts receivable and changes were as follows:
 For the fiscal years ended October 31
 202520242023
 In millions
Balance at beginning of period$83 $93 $107 
Current-period allowance for credit losses8 3 (2)
Deductions, net of recoveries(8)(13)(12)
Balance at end of period$83 $83 $93 
Schedule of Revolving Short-Term Financing Arrangements
The following is a summary of the activity under these arrangements:
 For the fiscal years ended October 31
 202520242023
 In millions
Balance at beginning of year(1)
$284 $141 $185 
Trade receivables sold11,830 12,200 13,391 
Cash receipts(12,006)(12,063)(13,449)
Foreign currency and other9 6 14 
Balance at end of year(1)
$117 $284 $141 
(1)    Amounts outstanding from third parties reported in Accounts Receivable in the Consolidated Balance Sheets.
Schedule of Inventory
Inventory
 As of October 31
 20252024
 In millions
Finished goods$4,721 $4,338 
Purchased parts and fabricated assemblies3,791 3,382 
$8,512 $7,720 
Schedule of Other Current Assets
Other Current Assets
As of October 31
 20252024
 In millions
Supplier and other receivables
$1,981 $2,180 
Prepaid and other current assets
1,577 1,462 
Value-added taxes receivable986 1,028 
$4,544 $4,670 
Schedule of Property, Plant and Equipment, Net
Property, Plant and Equipment, Net
 As of October 31
 20252024
 In millions
Land, buildings and leasehold improvements$2,619 $2,527 
Machinery and equipment, including equipment held for lease5,867 5,465 
8,486 7,992 
Accumulated depreciation(5,437)(5,078)
$3,049 $2,914 
Schedule of Other Non-Current Assets
Other Non-Current Assets
 As of October 31
 20252024
 In millions
Deferred tax assets
$3,318 $3,311 
Intangible assets
1,012 1,319 
Right-of-use assets
1,129 1,165 
Prepaid pension and post-retirement benefit assets
425 362 
Deposits and prepaid
316 322 
Other1,361 1,129 
 $7,561 $7,608 
Schedule of Other Current Liabilities
Other Current Liabilities
 As of October 31
 20252024
 In millions
Sales and marketing programs$3,103 $3,060 
Deferred revenue1,609 1,446 
Other accrued taxes
1,258 1,233 
Employee compensation and benefit
965 970 
Warranty401 486 
Operating lease liabilities
401 443 
Tax liability297 291 
Other2,328 2,449 
 $10,362 $10,378 
Schedule of Other Non-Current Liabilities
Other Non-Current Liabilities
 As of October 31
 20252024
 In millions
Deferred revenue$1,632 $1,487 
Tax liability496 839 
Operating lease liabilities
815 787 
Pension, post-retirement, and post-employment liabilities
564 607 
Deferred tax liability16 31 
Other513 531 
 $4,036 $4,282 
Schedule of Interest and Other, Net
Interest and Other, Net
 For the fiscal years ended October 31
 202520242023
 In millions
Interest expense on borrowings$(430)$(452)$(548)
Factoring costs
(125)(155)(136)
Certain litigation benefits
52 — — 
Net (loss) gain on debt extinguishment
— (3)107 
Non-operating retirement-related credits13 14 51 
Other, net(16)57 7 
 $(506)$(539)$(519)
Schedule of Net Revenue by Region
Net Revenue by Region
 For the fiscal years ended October 31
 202520242023
 In millions
Americas$23,545 $23,251 $23,095 
Europe, Middle East and Africa18,596 18,044 17,819 
Asia-Pacific and Japan13,154 12,264 12,804 
Total net revenue$55,295 $53,559 $53,718 
Schedule of Rollforward of the Obligations Under the Program
The following table is a rollforward of the obligations confirmed under the program for fiscal year 2025:
 2025
 In millions
Confirmed obligations outstanding at the beginning of the year
$7,808 
Invoices confirmed during the year
44,022 
Confirmed invoices paid during the year
(42,921)
Foreign currency translation
4 
Confirmed obligations outstanding at the end of the year
$8,913 
v3.25.3
Goodwill and Intangible Assets (Tables)
 12 Months Ended
Oct. 31, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Reportable Segments And Changes in the Carrying Amount of Goodwill
Goodwill allocated to HP’s reportable segments and changes in the carrying amount of goodwill were as follows:  
 Personal SystemsPrintingCorporate InvestmentsTotal
In millions
Balance as of October 31, 2023(1)
$4,722 $3,751 $118 $8,591 
Acquisitions
26 2 — 28 
Foreign currency translation and other
— 8 — 8 
Balance as of October 31, 2024(1)
4,748 3,761 118 8,627 
Acquisitions
— — 79 79 
Foreign currency translation and other
(24)24 — — 
Balance as of October 31, 2025(1)
$4,724 $3,785 $197 $8,706 
(1)Goodwill is net of accumulated impairment losses of $0.8 billion related to Corporate Investments recorded in fiscal year 2011.
Schedule of Acquired Intangible Assets
HP’s acquired intangible assets were composed of:
As of October 31, 2025As of October 31, 2024
Gross(1)
Accumulated Amortization(1)
Net
Gross(1)
Accumulated Amortization(1)
Net
In millions
Customer contracts, customer lists and distribution agreements$726 $428 $298 $783 $372 $411 
Technology and patents 1,625 1,004 621 1,666 884 782 
Trade name and trademarks219 126 93 218 92 126 
Total intangible assets$2,570 $1,558 $1,012 $2,667 $1,348 $1,319 
(1)    Excludes the original cost and accumulated depreciation of fully amortized intangibles.
Schedule of Estimated Future Amortization Expense
As of October 31, 2025, estimated future amortization expense related to acquired intangible assets was as follows:
Fiscal yearIn millions
2026$225 
2027220 
2028175 
2029125 
203098 
Thereafter169 
Total$1,012 
v3.25.3
Fair Value (Tables)
 12 Months Ended
Oct. 31, 2025
Fair Value Disclosures [Abstract]  
Schedule of Assets and Liabilities Measured at Fair Value on a Recurring Basis
The following table presents HP’s assets and liabilities that are measured at fair value on a recurring basis:
 As of October 31, 2025As of October 31, 2024
 Fair Value Measured Using Fair Value Measured Using 
 Level 1Level 2Level 3TotalLevel 1Level 2Level 3Total
 In millions
Assets:
Cash Equivalents
Government debt(1)
$1,878 $— $— $1,878 $1,332 $— $— $1,332 
Available-for-Sale Investments
Financial institution instruments— 3 — 3 — 3 — 3 
Marketable securities and mutual funds(2)
9 122 — 131 54 130 — 184 
Derivative Instruments
Interest rate contracts— — — — — 4 — 4 
Foreign currency contracts— 182 — 182 — 225 — 225 
Other derivatives— 1 — 1 — — — — 
Total assets$1,887 $308 $— $2,195 $1,386 $362 $— $1,748 
Liabilities:
Derivative Instruments
Interest rate contracts$— $1 $— $1 $— $22 $— $22 
Foreign currency contracts— 242 — 242 — 158 — 158 
Other derivatives— 1 — 1 — 2 — 2 
Total liabilities$— $244 $— $244 $— $182 $— $182 
(1)    Money market funds invested in government debt and traded in active markets are included in Level 1. Government debt includes instruments such as U.S. treasury notes, U.S. agency securities and non-U.S. government bonds.
(2)    As of October 31, 2025 and 2024, $63 million and $78 million, respectively, of debt securities were restricted to fund benefits received by qualifying employees under a sponsored defined benefit plan.
v3.25.3
Financial Instruments (Tables)
 12 Months Ended
Oct. 31, 2025
Investments, All Other Investments [Abstract]  
Schedule of Cash Equivalents and Available-for-Sale Investments
Cash Equivalents and Available-for-Sale Investments
 As of October 31, 2025As of October 31, 2024
 CostGross
Unrealized
Gain		Gross
Unrealized
Loss		Fair
Value		CostGross
Unrealized
Gain		Gross
Unrealized
Loss		Fair
Value
 In millions
Cash Equivalents:        
Government debt(1)
1,878 — — 1,878 1,332 — — $1,332 
Total cash equivalents1,878 — — 1,878 1,332 — — 1,332 
Available-for-Sale Investments:
Financial institution instruments3 — — 3 3 — — 3 
Marketable securities and mutual funds(2)
104 27 — 131 115 69 — 184 
Total available-for-sale investments107 27 — 134 118 69 — 187 
Total cash equivalents and available-for-sale investments$1,985 $27 $— $2,012 $1,450 $69 $— $1,519 
(1)    Money market funds invested in government debt and traded in active markets are included in Level 1. Government debt includes instruments such as U.S. treasury notes, U.S. agency securities and non-U.S. government bonds
(2)    As of October 31, 2025 and 2024, $63 million and $78 million, respectively, of debt securities were restricted to fund benefits received by qualifying employees under a sponsored defined benefit plan.
Schedule of Contractual Maturities of Investments in Available-for-Sale Debt Securities
Contractual maturities of investments in available-for-sale debt securities were as follows:
 As of October 31, 2025
 Amortized
Cost		Fair Value
 In millions
Due in less than one year
$15 $15 
Due in one to five years49 51 
 $64 $66 
Schedule of Gross Notional and Fair Value of Derivative Financial Instruments in the Consolidated Condensed Balance Sheets
The gross notional and fair value of derivative instruments in the Consolidated Balance Sheets were as follows:
 As of October 31, 2025As of October 31, 2024
 Outstanding
Gross
Notional		Other
Current
Assets		Other
Non-Current
Assets		Other
Current
Liabilities		Other
Non-Current
Liabilities		Outstanding
Gross
Notional		Other
Current
Assets		Other
Non-Current
Assets		Other
Current
Liabilities		Other
Non-Current
Liabilities
 In millions
Derivatives designated as hedging instruments          
Fair value hedges:          
Interest rate contracts$250 $— $— $1 $— $750 $— $— $11 $10 
Cash flow hedges:         
Foreign currency contracts14,492 141 27 174 54 14,563 169 36 117 34 
Interest rate contracts— — — — — 500 — 4 — 1 
Total derivatives designated as hedging instruments14,742 141 27 175 54 15,813 169 40 128 45 
Derivatives not designated as hedging instruments          
Foreign currency contracts4,389 14 — 14 — 4,284 20 — 7 — 
Other derivatives168 1 — 1 — 156 — — 2 — 
Total derivatives not designated as hedging instruments4,557 15 — 15 — 4,440 20 — 9 — 
Total derivatives$19,299 $156 $27 $190 $54 $20,253 $189 $40 $137 $45 
Schedule of Information Related to the Potential Effect of Entity's Master Netting Agreements and Collateral Security Agreements, Offsetting Assets As of October 31, 2025 and 2024, information related to the potential effect of HP’s master netting agreements and collateral security agreements was as follows:
 In the Consolidated Balance Sheets  
 (i)(ii)(iii) = (i)–(ii)(iv)(v) (vi) = (iii)–(iv)–(v)
 Gross Amount
Recognized		Gross Amount
Offset		Net Amount
Presented		Gross Amounts
Not Offset		  
 DerivativesFinancial
Collateral		 Net Amount
 In millions
As of October 31, 2025       
Derivative assets$183 $— $183 $143 $15 (1)$25 
Derivative liabilities$244 $— $244 $143 $279 (2)$(178)
As of October 31, 2024      
Derivative assets$229 $— $229 $113 $88 (1)$28 
Derivative liabilities$182 $— $182 $113 $61 (2)$8 
(1)Represents the cash collateral posted by counterparties as of the respective reporting date for HP’s asset position, net of derivative amounts that could be offset, as of, generally, two business days prior to the respective reporting date.
(2)Represents the collateral posted by HP including any excess or re-use of counterparty cash collateral as of the respective reporting date for HP’s liability position, net of derivative amounts that could be offset, as of, generally, two business days prior to the respective reporting date.
Schedule of Information Related to the Potential Effect of Entity's Master Netting Agreements and Collateral Security Agreements, Offsetting Liabilities As of October 31, 2025 and 2024, information related to the potential effect of HP’s master netting agreements and collateral security agreements was as follows:
 In the Consolidated Balance Sheets  
 (i)(ii)(iii) = (i)–(ii)(iv)(v) (vi) = (iii)–(iv)–(v)
 Gross Amount
Recognized		Gross Amount
Offset		Net Amount
Presented		Gross Amounts
Not Offset		  
 DerivativesFinancial
Collateral		 Net Amount
 In millions
As of October 31, 2025       
Derivative assets$183 $— $183 $143 $15 (1)$25 
Derivative liabilities$244 $— $244 $143 $279 (2)$(178)
As of October 31, 2024      
Derivative assets$229 $— $229 $113 $88 (1)$28 
Derivative liabilities$182 $— $182 $113 $61 (2)$8 
(1)Represents the cash collateral posted by counterparties as of the respective reporting date for HP’s asset position, net of derivative amounts that could be offset, as of, generally, two business days prior to the respective reporting date.
(2)Represents the collateral posted by HP including any excess or re-use of counterparty cash collateral as of the respective reporting date for HP’s liability position, net of derivative amounts that could be offset, as of, generally, two business days prior to the respective reporting date.
Schedule of Pre-Tax Effect of Derivative Instruments and Related Hedged Items in a Fair Value Hedging Relationship
The pre-tax effect of derivative instruments and related hedged items in a fair value hedging relationship were as follows:
Derivative InstrumentHedged ItemLocationFor the fiscal years ended October 31Gain/(loss) recognized in earnings on derivative instrumentsGain/(loss) recognized in earnings on hedged item
    In millions
Interest rate contractsFixed-rate debtInterest and other, net2025$20 $(20)
2024$36 $(36)
2023$20 $(20)
Schedule of Pre-Tax Effect of Derivative Instruments in Cash Flow Hedging Relationships Included in Accumulated Other Comprehensive (Loss) Income
The pre-tax effect of derivative instruments in cash flow hedging relationships included in Accumulated other comprehensive income (loss) was as follows:
For the fiscal years ended October 31
 202520242023
 In millions
Gain/(loss) recognized in Accumulated other comprehensive income (loss) on derivatives:
Foreign currency contracts$(214)$47 $(427)
Interest rate contracts$3 $4 $— 
Schedule of Pre-Tax Effect of Derivative Instruments in Cash Flow Hedging Relationships Included in Earnings
The pre-tax effect of derivative instruments in cash flow hedging relationships included in earnings were as follows:
Gain/ (loss) reclassified from Accumulated other comprehensive loss into earnings
For the fiscal years ended October 31
202520242023
In millions
Products net revenue
$(32)$408 $243 
Cost of products net revenue
(81)(142)(167)
Operating expenses2 (4)(4)
Interest and other, net13 12 12 
   Total
$(98)$274 $84 
Schedule of Pre-Tax Effect of Derivative Instruments Not Designated as Hedging Instruments Recognized in Interest and Other, Net in the Consolidated Condensed Statements of Earnings
The pre-tax effect of derivative instruments not designated as hedging instruments recognized in Interest and other, net in the Consolidated Statements of Earnings was as follows:
 Gain/(loss) recognized in earnings on derivative instrument
 Location202520242023
  In millions
Foreign currency contractsInterest and other, net$(11)$44 $(65)
Other derivativesInterest and other, net3 — (3)
Total $(8)$44 $(68)
v3.25.3
Borrowings (Tables)
 12 Months Ended
Oct. 31, 2025
Debt Disclosure [Abstract]  
Schedule of Notes Payable and Short-Term Borrowings Notes Payable and Short-Term Borrowings
 As of October 31
 20252024
 Amount
Outstanding		Weighted-Average
Interest Rate		Amount
Outstanding		Weighted-Average
Interest Rate
 In millions
Current portion of long-term debt$788 3.2%$1,358 5.0%
Notes payable to banks and other
57 —%48 —%
Total notes payable and short-term borrowings
$845  $1,406  
Schedule of Long-Term Debt
Long-Term Debt
 As of October 31
 20252024
 In millions
U.S. Dollar Global Notes(1)
Maturity Date
Issue Price
Stated Interest Rate
  
$1,150 issued June 2020
June 2025
99.769 %2.20 %$— $1,150 
$1,000 issued June 2021
June 2026
99.808 %1.45 %522 521 
$1,000 issued June 2020
June 2027
99.718 %3.00 %999 999 
$900 issued June 2022
January 2028
99.841 %4.75 %899 899 
$1,000 issued March 2022
April 2029
99.767 %4.00 %999 999 
$500 issued April 2025
April 2030
99.732 %5.40 %499 — 
$850 issued June 2020
June 2030
99.790 %3.40 %503 503 
$1,000 issued June 2021
June 2031
99.573 %2.65 %998 997 
$1,000 issued March 2022
April 2032
99.966 %4.20 %676 676 
$1,100 issued June 2022
January 2033
99.725 %5.50 %1,098 1,098 
$500 issued April 2025
April 2035
99.778 %6.10 %499 — 
$1,200 issued September 2011
September 2041
99.863 %6.00 %1,199 1,199 
$500 issued August 2022(2)
March 2029
100.000 %4.75 %— 3 
 8,891 9,044 
Other borrowings at 1.47%-7.07%, due in fiscal years 2026-2032
765 645 
Fair value adjustment related to hedged debt(1)(21)
Unamortized debt issuance cost(46)(47)
Current portion of long-term debt(788)(1,358)
Total long-term debt$8,821 $8,263 
(1)HP may redeem some or all of the fixed-rate U.S. Dollar Global Notes at any time in accordance with the terms thereof. The U.S. Dollar Global Notes are senior unsecured debt.
(2)During the quarter ended October 31, 2025, HP redeemed and settled $3.4 million of the pending March 2029 Notes related to the August 2022 Poly acquisition.
Schedule of Aggregate Future Maturities of Long-term Debt
As of October 31, 2025, aggregate future maturities of debt at face value (excluding unamortized debt issuance cost of $46 million, discounts on debt issuance of $10 million and fair value adjustment related to hedged debt of $1 million), including other borrowings were as follows: 
Fiscal yearIn millions
2026$847 
20271,227 
20281,060 
20291,084 
20301,027 
Thereafter4,478 
Total$9,723 
v3.25.3
Stockholders’ Deficit (Tables)
 12 Months Ended
Oct. 31, 2025
Stockholders' Equity Note [Abstract]  
Schedule of Changes and Reclassifications Related to Other Comprehensive (Loss) Income, Net of Taxes Changes and reclassifications related to Accumulated Other Comprehensive Loss, net of taxes
 For the years ended October 31
 202520242023
 In millions
Other comprehensive loss, net of taxes:
Unrealized components of available-for-sale debt securities
Balance at the beginning of period$14 $7 $6 
Unrealized gains arising during the period16 8 2 
Tax effects on change in unrealized components of available-for-sale securities(1)(1)(1)
Unrealized components of available-for-sale debt securities, net of taxes15 7 1 
Balance at the end of period$29 $14 $7 
Unrealized components of cash flow hedges
Balance at the beginning of period$47 $230 $648 
Unrealized (losses) gains arising during the period
(211)51 (427)
Losses (gains) reclassified into earnings
98 (274)(84)
Tax effects on change in unrealized components of cash flow hedges18 40 93 
Unrealized components of cash flow hedges, net of taxes(95)(183)(418)
Balance at the end of period$(48)$47 $230 
Unrealized components of defined benefit plans
Balance at the beginning of period$(496)$(437)$(323)
Unrealized gains (losses) arising during the period
30 (76)(141)
Amortization of actuarial loss and prior service benefit
21 8 — 
Curtailments, settlements and other6 2 — 
Tax effects on change in unrealized components of defined benefit plans(11)7 27 
Unrealized components of defined benefit plans, net of taxes46 (59)(114)
Balance at the end of period$(450)$(496)$(437)
Cumulative translation adjustment
Balance at the beginning of period$1 $(23)$(46)
Change in cumulative translation adjustment12 24 23 
Tax effect on change in cumulative translation adjustment(1)— — 
Cumulative translation adjustment, net of taxes11 24 23 
Balance at the end of period$12 $1 $(23)
Other comprehensive loss
$(23)$(211)$(508)
Accumulated other comprehensive loss$(457)$(434)$(223)
v3.25.3
Earnings Per Share (Tables)
 12 Months Ended
Oct. 31, 2025
Earnings Per Share [Abstract]  
Schedule of Basic and Diluted Net Earnings Per Share Calculations
A reconciliation of the number of shares used for basic and diluted net EPS calculations is as follows:
 For the fiscal years ended October 31
 202520242023
 In millions, except per share amounts
Numerator:   
Net earnings$2,529 $2,775 $3,263 
Denominator:   
Weighted-average shares used to compute basic net EPS946 979 992 
Dilutive effect of employee stock plans7 10 8 
Weighted-average shares used to compute diluted net EPS953 989 1,000 
Net earnings per share:   
Basic$2.67 $2.83 $3.29 
Diluted$2.65 $2.81 $3.26 
Anti-dilutive weighted-average stock-based compensation awards(1)
8 1 4 
    
(1)HP excludes from the calculation of diluted net EPS stock options and restricted stock units where the assumed proceeds exceed the average market price, because their effect would be anti-dilutive. The assumed proceeds of a stock option include the sum of its exercise price, and average unrecognized compensation cost. The assumed proceeds of a restricted stock unit represent average unrecognized compensation cost.
v3.25.3
Guarantees, Indemnifications and Warranties (Tables)
 12 Months Ended
Oct. 31, 2025
Guarantees and Product Warranties [Abstract]  
Schedule of Aggregate Product Warranty Liabilities and Changes
HP’s aggregate product warranty liabilities and changes were as follows:
 For the fiscal years ended October 31
 20252024
 In millions
Balance at beginning of year$550 $706 
Accruals for warranties issued670 721 
Adjustments related to pre-existing warranties (including changes in estimates)(4)30 
Settlements made
(764)(907)
Balance at end of year$452 $550 
v3.25.3
Commitments (Tables)
 12 Months Ended
Oct. 31, 2025
Commitments and Contingencies Disclosure [Abstract]  
Schedule of Future Unconditional Purchase Obligations
As of October 31, 2025, unconditional purchase obligations were as follows:
Fiscal yearIn millions
2026$509 
2027227 
2028195 
2029111 
203038 
Thereafter5 
Total$1,085 
v3.25.3
Leases (Tables)
 12 Months Ended
Oct. 31, 2025
Leases [Abstract]  
Schedule of Lease Expense and Supplemental Cash Flow Information
The components of lease expense are as follows:
For the fiscal years ended October 31
 20252024
 In millions
Operating lease cost$249 $230 
Variable cost100 106 
Total lease expense$349 $336 
The following table presents supplemental information relating to the cash flows arising from lease transactions. Cash payments made from variable lease costs and short-term leases are not included in the measurement of operating lease liabilities, and, as such, are excluded from the amounts below:
For the fiscal years ended October 31
 20252024
 In millions
Cash paid for amount included in the measurement of lease liabilities$256 $233 
Right-of-use assets obtained in exchange of lease liabilities(1)
$452 $411 
(1) Includes the impact of new leases as well as remeasurements and modifications to existing leases.

Weighted-average information associated with the measurement of our remaining operating lease liabilities is as follows:
As of October 31
20252024
Weighted-average remaining lease term in years4.74.1
Weighted-average discount rate6.9%6.5%
Schedule of Future Operating Lease Payments
The following maturity analysis presents expected undiscounted cash outflows for operating leases on an annual basis for the next five years:
 Fiscal yearIn millions
2026$474 
2027357 
2028193 
202990 
203057 
Thereafter216 
Total lease payments1,387 
Less: Imputed interest171 
     Total lease liabilities$1,216 
v3.25.3
Summary of Significant Accounting Policies - Advertising (Details) - USD ($)
$ in Millions
 12 Months Ended
Oct. 31, 2025
Oct. 31, 2024
Oct. 31, 2023
Accounting Policies [Abstract]      
Advertising cost $ 718 $ 628 $ 611
v3.25.3
Summary of Significant Accounting Policies - Concentrations of Risk (Details) - USD ($)
$ in Billions
 12 Months Ended
Oct. 31, 2025
Oct. 31, 2024
Concentration Risk    
Supplier receivables $ 0.6 $ 0.8
Major Customers | Accounts Receivable | Ten largest distributor    
Concentration Risk    
Concentration of credit risk (as a percent) 47.00% 38.00%
Major Customers | Accounts Receivable | TD Synnex Corp    
Concentration Risk    
Concentration of credit risk (as a percent) 12.60% 9.70%
Major Customers | Accounts Receivable | Three largest outsourced manufacturer    
Concentration Risk    
Concentration of credit risk (as a percent) 94.00% 89.00%
v3.25.3
Summary of Significant Accounting Policies - Property, Plant and Equipment, Net And Internal Use Software and Cloud Computing Arrangements (Details)
Oct. 31, 2025
Buildings and improvements | Minimum  
Property, Plant and Equipment, Net  
Estimated useful life for property, plant and equipment 5 years
Buildings and improvements | Maximum  
Property, Plant and Equipment, Net  
Estimated useful life for property, plant and equipment 40 years
Machinery and equipment | Minimum  
Property, Plant and Equipment, Net  
Estimated useful life for property, plant and equipment 3 years
Machinery and equipment | Maximum  
Property, Plant and Equipment, Net  
Estimated useful life for property, plant and equipment 15 years
Capitalized development costs | Maximum  
Property, Plant and Equipment, Net  
Estimated useful life for property, plant and equipment 5 years
v3.25.3
Segment Information - Narrative (Details)
 12 Months Ended
Oct. 31, 2025
segment
Segment Reporting, Asset Reconciling Item [Line Items]  
Number of reportable segments 3
One Customer | Revenue Benchmark | Major Customers  
Segment Reporting, Asset Reconciling Item [Line Items]  
Concentration of credit risk (as a percent) 12.00%
v3.25.3
Segment Information - Schedule of Reconciliation of Segment Operating Results to HP Consolidated Results (Details) - USD ($)
$ in Millions
 12 Months Ended
Oct. 31, 2025
Oct. 31, 2024
Oct. 31, 2023
Net revenue      
Total net revenue $ 55,295 $ 53,559 $ 53,718
Cost of net revenue      
Total cost of net revenue 43,903 41,741 42,210
Operating expenses      
Total segment operating expenses 8,218 8,000 8,052
Segment Reporting Information, Revenue for Reportable Segment [Abstract]      
Operating Income (Loss) 3,174 3,818 3,456
Stock-based compensation expense (522) (452) (438)
Restructuring and other charges (405) (301) (527)
Acquisition and divestiture charges (45) (83) (240)
Amortization of intangible assets (345) (318) (350)
Interest and other, net (506) (539) (519)
Earnings before taxes 2,668 3,279 2,937
Operating segments      
Net revenue      
Total net revenue 55,296 53,558 53,720
Cost of net revenue      
Total cost of net revenue 43,806 41,666 42,124
Operating expenses      
Total segment operating expenses 6,448 6,481 6,210
Segment Reporting Information, Revenue for Reportable Segment [Abstract]      
Operating Income (Loss) 5,042 5,411 5,386
Corporate and unallocated costs and other      
Segment Reporting Information, Revenue for Reportable Segment [Abstract]      
Corporate and unallocated costs and other (411) (381) (375)
Other      
Net revenue      
Total net revenue (1) 1 (2)
Segment Reporting Information, Revenue for Reportable Segment [Abstract]      
Stock-based compensation expense (522) (452) (438)
Restructuring and other charges (405) (301) (527)
Acquisition and divestiture charges (45) (83) (240)
Amortization of intangible assets (345) (318) (350)
Certain litigation charges (140) (58) 0
Interest and other, net (506) (539) (519)
Personal Systems | Operating segments      
Net revenue      
Total net revenue 38,532 36,195 35,684
Cost of net revenue      
Total cost of net revenue 32,877 30,385 30,267
Operating expenses      
Total segment operating expenses 3,601 3,557 3,288
Segment Reporting Information, Revenue for Reportable Segment [Abstract]      
Operating Income (Loss) 2,054 2,253 2,129
Printing | Operating segments      
Net revenue      
Total net revenue 16,702 17,338 18,029
Cost of net revenue      
Total cost of net revenue 10,871 11,233 11,847
Operating expenses      
Total segment operating expenses 2,713 2,815 2,783
Segment Reporting Information, Revenue for Reportable Segment [Abstract]      
Operating Income (Loss) 3,118 3,290 3,399
Corporate Investments | Operating segments      
Net revenue      
Total net revenue 62 25 7
Cost of net revenue      
Total cost of net revenue 58 48 10
Operating expenses      
Total segment operating expenses 134 109 139
Segment Reporting Information, Revenue for Reportable Segment [Abstract]      
Operating Income (Loss) (130) (132) (142)
Commercial PS | Personal Systems | Operating segments      
Net revenue      
Total net revenue 27,438 25,486 24,712
Consumer PS | Personal Systems | Operating segments      
Net revenue      
Total net revenue 11,094 10,709 10,972
Supplies | Printing | Operating segments      
Net revenue      
Total net revenue 10,916 11,295 11,452
Commercial Printing | Printing | Operating segments      
Net revenue      
Total net revenue 4,633 4,841 5,250
Consumer Printing | Printing | Operating segments      
Net revenue      
Total net revenue $ 1,153 $ 1,202 $ 1,327
v3.25.3
Segment Information - Schedule of Reconciliation of Segment Assets to HP Consolidated Assets (Details) - USD ($)
$ in Millions
Oct. 31, 2025
Oct. 31, 2024
Segment Reporting, Asset Reconciling Item [Line Items]    
Total assets $ 41,769 $ 39,909
Total segments | Personal Systems    
Segment Reporting, Asset Reconciling Item [Line Items]    
Total assets 24,928 22,378
Total segments | Printing    
Segment Reporting, Asset Reconciling Item [Line Items]    
Total assets 14,632 16,457
Total segments | Corporate Investments    
Segment Reporting, Asset Reconciling Item [Line Items]    
Total assets 279 181
Corporate and unallocated assets    
Segment Reporting, Asset Reconciling Item [Line Items]    
Total assets $ 1,930 $ 893
v3.25.3
Segment Information - Schedule of Net Revenue by Geographical Areas (Details) - USD ($)
$ in Millions
 12 Months Ended
Oct. 31, 2025
Oct. 31, 2024
Oct. 31, 2023
Revenues from External Customers and Long-Lived Assets [Line Items]      
Total net revenue $ 55,295 $ 53,559 $ 53,718
United States      
Revenues from External Customers and Long-Lived Assets [Line Items]      
Total net revenue 19,212 18,790 18,829
Other countries      
Revenues from External Customers and Long-Lived Assets [Line Items]      
Total net revenue $ 36,083 $ 34,769 $ 34,889
v3.25.3
Segment Information - Schedule of Net Property, Plant and Equipment by Geographical Areas (Details) - USD ($)
$ in Millions
Oct. 31, 2025
Oct. 31, 2024
Segment Reporting Information [Line Items]    
Total property, plant and equipment, net $ 3,049 $ 2,914
United States    
Segment Reporting Information [Line Items]    
Total property, plant and equipment, net 1,647 1,471
Singapore    
Segment Reporting Information [Line Items]    
Total property, plant and equipment, net 338 335
South Korea    
Segment Reporting Information [Line Items]    
Total property, plant and equipment, net 276 297
Other countries    
Segment Reporting Information [Line Items]    
Total property, plant and equipment, net $ 788 $ 811
v3.25.3
Restructuring and Other Charges - Schedule of Restructuring Activities by Plan (Details) - USD ($)
$ in Millions
 12 Months Ended
Oct. 31, 2025
Oct. 31, 2024
Oct. 31, 2023
Restructuring Cost and Reserve [Line Items]      
Restructuring Charges, Statement of Income or Comprehensive Income [Extensible Enumeration] Restructuring and other charges    
Restructuring Reserve [Roll Forward]      
Accrued balance, beginning of the period $ 138 $ 108 $ 32
Charges 327 233 444
Cash payments (248) (196) (222)
Non-cash and other adjustments (45) (7) (146)
Accrued balance, end of the period 172 138 108
Total costs incurred to date 1,869    
Reflected in Consolidated Balance Sheet:      
Other current liabilities 167    
Other non-current liabilities 5    
Fiscal 2023 Plan | Severance and EER      
Restructuring Reserve [Roll Forward]      
Accrued balance, beginning of the period 120 88 0
Charges 266 205 402
Cash payments (230) (173) (172)
Non-cash and other adjustments 4 0 (142)
Accrued balance, end of the period 160 120 88
Total costs incurred to date 873    
Reflected in Consolidated Balance Sheet:      
Other current liabilities 160    
Other non-current liabilities 0    
Fiscal 2023 Plan | Non-labor      
Restructuring Reserve [Roll Forward]      
Accrued balance, beginning of the period 11 18 0
Charges 61 16 41
Cash payments (14) (18) (15)
Non-cash and other adjustments (50) (5) (8)
Accrued balance, end of the period 8 11 18
Total costs incurred to date 118    
Reflected in Consolidated Balance Sheet:      
Other current liabilities 3    
Other non-current liabilities 5    
Fiscal 2023 Plan | Special Termination Benefits      
Restructuring Reserve [Roll Forward]      
Charges     105
Non-cash and other adjustments 139    
Other prior year plans      
Restructuring Reserve [Roll Forward]      
Accrued balance, beginning of the period 7 2 32
Charges 0 12 1
Cash payments (4) (5) (35)
Non-cash and other adjustments 1 (2) 4
Accrued balance, end of the period 4 $ 7 $ 2
Total costs incurred to date 878    
Reflected in Consolidated Balance Sheet:      
Other current liabilities 4    
Other non-current liabilities $ 0    
v3.25.3
Restructuring and Other Charges - Narrative (Details)
$ in Millions
 12 Months Ended
Nov. 25, 2025
USD ($)
employee
Nov. 18, 2022
USD ($)
employee
Oct. 31, 2025
USD ($)
Oct. 31, 2024
USD ($)
Oct. 31, 2023
USD ($)
Restructuring Cost and Reserve [Line Items]          
Other charges     $ 78 $ 68 $ 83
Fiscal 2026 Plan | Minimum | Subsequent event          
Restructuring Cost and Reserve [Line Items]          
Expected number of positions to be eliminated | employee 4,000        
Fiscal 2026 Plan | Maximum | Subsequent event          
Restructuring Cost and Reserve [Line Items]          
Expected number of positions to be eliminated | employee 6,000        
Fiscal 2026 Plan | Labor And Non-Labor Actions | Subsequent event          
Restructuring Cost and Reserve [Line Items]          
Restructuring and related cost, expected cost $ 650        
Fiscal 2026 Plan | Labor Costs | Subsequent event          
Restructuring Cost and Reserve [Line Items]          
Restructuring and related cost, expected cost $ 400        
Fiscal 2023 Plan          
Restructuring Cost and Reserve [Line Items]          
Expected number of positions to be eliminated | employee   9,500      
Fiscal 2023 Plan | Severance costs          
Restructuring Cost and Reserve [Line Items]          
Restructuring and related cost, incurred cost   $ 873      
Fiscal 2023 Plan | Infrastructure costs          
Restructuring Cost and Reserve [Line Items]          
Restructuring and related cost, incurred cost   $ 347      
v3.25.3
Retirement and Post-Retirement Benefit Plans - Defined Benefit Plans (Narrative) (Details) - USD ($)
$ in Millions
Oct. 31, 2025
Oct. 31, 2024
DPSP    
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]    
Fair value of plan assets $ 278 $ 297
v3.25.3
Retirement and Post-Retirement Benefit Plans - Post-Retirement Benefit Plans (Narrative) (Details)
 12 Months Ended
Oct. 31, 2025
Post-Retirement Benefit Plans  
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]  
Eligible age for HP retirement medical savings account plan 45 years
v3.25.3
Retirement and Post-Retirement Benefit Plans - Defined Contribution Plans (Narrative) (Details) - USD ($)
$ in Millions
 12 Months Ended
Oct. 31, 2025
Oct. 31, 2024
Oct. 31, 2023
Retirement Benefits [Abstract]      
Total defined contribution expense $ 132 $ 133 $ 131
Defined Contribution Plan Disclosure [Line Items]      
Total defined contribution expense $ 132 $ 133 $ 131
Employee service period 3 years    
HP 401(k) Plan      
Defined Contribution Plan Disclosure [Line Items]      
Employer matching contributions, as a percent 100.00%    
Percentage of maximum matching contribution 4.00%    
v3.25.3
Retirement and Post-Retirement Benefit Plans - Schedule of Pension and Post-Retirement Benefit Expense (Details) - USD ($)
$ in Millions
 12 Months Ended
Oct. 31, 2025
Oct. 31, 2024
Oct. 31, 2023
Post-Retirement Benefit Plans      
Net benefit (credit) cost      
Service cost $ 1 $ 1 $ 1
Interest cost 14 15 15
Expected return on plan assets (14) (15) (14)
Amortization and deferrals:      
Actuarial loss (gain) (17) (15) (16)
Prior service cost (credit) (6) (10) (11)
Net periodic benefit cost (credit) (22) (24) (25)
Settlement loss 0 0 0
Special termination benefit cost 0 0 34
Total periodic benefit cost (credit) (22) (24) 9
U.S. | Defined Benefit Plans      
Net benefit (credit) cost      
Service cost 0 0 0
Interest cost 214 228 217
Expected return on plan assets (241) (246) (258)
Amortization and deferrals:      
Actuarial loss (gain) 29 28 18
Prior service cost (credit) 0 0 0
Net periodic benefit cost (credit) 2 10 (23)
Settlement loss 0 0 0
Special termination benefit cost 0 0 105
Total periodic benefit cost (credit) 2 10 82
Non-U.S. | Defined Benefit Plans      
Net benefit (credit) cost      
Service cost 39 37 39
Interest cost 43 46 41
Expected return on plan assets (57) (51) (53)
Amortization and deferrals:      
Actuarial loss (gain) 8 (1) 4
Prior service cost (credit) 7 6 5
Net periodic benefit cost (credit) 40 37 36
Settlement loss 8 2 0
Special termination benefit cost 0 0 0
Total periodic benefit cost (credit) $ 48 $ 39 $ 36
v3.25.3
Retirement and Post-Retirement Benefit Plans - Schedule of Weighted-Average Assumptions Used to Calculate Total Periodic Benefit (Credit) Cost (Details)
 12 Months Ended
Oct. 31, 2025
Oct. 31, 2024
Oct. 31, 2023
Post-Retirement Benefit Plans      
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]      
Discount rate 5.20% 6.00% 5.60%
Expected increase in compensation levels 0.00% 0.00% 0.00%
Expected long-term return on plan assets 4.50% 5.20% 3.30%
Interest crediting rate 4.70% 5.40% 4.20%
U.S. | Defined Benefit Plans      
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]      
Discount rate 5.30% 6.20% 5.70%
Expected increase in compensation levels 2.00% 2.00% 2.00%
Expected long-term return on plan assets 5.90% 6.60% 6.40%
Interest crediting rate 5.20% 5.50% 5.00%
Non-U.S. | Defined Benefit Plans      
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]      
Discount rate 3.20% 3.90% 3.50%
Expected increase in compensation levels 2.70% 3.00% 3.00%
Expected long-term return on plan assets 5.10% 5.30% 5.40%
Interest crediting rate 2.60% 2.60% 2.60%
v3.25.3
Retirement and Post-Retirement Benefit Plans - Schedule of Funded Status of Defined Benefit and Post-Retirement Benefit Plans (Details) - USD ($)
$ in Millions
 12 Months Ended
Oct. 31, 2025
Oct. 31, 2024
Oct. 31, 2023
Post-Retirement Benefit Plans      
Change in fair value of plan assets:      
Fair value of assets — beginning of year $ 317 $ 382  
Actual return on plan assets 15 33  
Employer contributions 5 4  
Participant contributions 25 28  
Benefits paid (48) (48)  
Settlement 0 0  
Transfers 0 (82)  
Currency impact 0 0  
Fair value of assets — end of year 314 317 $ 382
Change in benefits obligation      
Projected benefit obligation — beginning of year 287 299  
Service cost 1 1 1
Interest cost 14 15 15
Participant contributions 25 28  
Actuarial loss (gain) (12) (8)  
Benefits paid (48) (48)  
Settlement 0 0  
Currency impact 0 0  
Projected benefit obligation — end of year 267 287 299
Funded status at end of year 47 30  
United States | Defined Benefit Plans      
Change in fair value of plan assets:      
Fair value of assets — beginning of year 4,218 3,853  
Actual return on plan assets 314 598  
Employer contributions 26 26  
Participant contributions 0 0  
Benefits paid (250) (258)  
Settlement (2) (1)  
Transfers 0 0  
Currency impact 0 0  
Fair value of assets — end of year 4,306 4,218 3,853
Change in benefits obligation      
Projected benefit obligation — beginning of year 4,218 3,854  
Service cost 0 0 0
Interest cost 214 228 217
Participant contributions 0 0  
Actuarial loss (gain) 83 395  
Benefits paid (250) (258)  
Settlement (2) (1)  
Currency impact 0 0  
Projected benefit obligation — end of year 4,263 4,218 3,854
Funded status at end of year 43 0  
Accumulated benefit obligation 4,263 4,217  
Non-U.S. | Defined Benefit Plans      
Change in fair value of plan assets:      
Fair value of assets — beginning of year 1,085 959  
Actual return on plan assets 67 111  
Employer contributions 43 53  
Participant contributions 15 17  
Benefits paid (38) (54)  
Settlement (35) (28)  
Transfers 0 0  
Currency impact 67 27  
Fair value of assets — end of year 1,204 1,085 959
Change in benefits obligation      
Projected benefit obligation — beginning of year 1,345 1,185  
Service cost 39 37 39
Interest cost 43 46 41
Participant contributions 15 17  
Actuarial loss (gain) (16) 116  
Benefits paid (38) (54)  
Settlement (35) (28)  
Currency impact 79 26  
Projected benefit obligation — end of year 1,432 1,345 $ 1,185
Funded status at end of year (228) (260)  
Accumulated benefit obligation $ 1,325 $ 1,248  
v3.25.3
Retirement and Post-Retirement Benefit Plans - Schedule of Weighted-Average Assumptions Used to Calculate Projected Benefit Obligations (Details)
Oct. 31, 2025
Oct. 31, 2024
Post-Retirement Benefit Plans    
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]    
Discount rate 5.20% 5.20%
Expected increase in compensation levels 0.00% 0.00%
Interest crediting rate 4.60% 4.70%
United States | Defined Benefit Plans    
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]    
Discount rate 5.30% 5.30%
Expected increase in compensation levels 2.00% 2.00%
Interest crediting rate 5.10% 5.20%
Non-U.S. | Defined Benefit Plans    
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]    
Discount rate 3.50% 3.20%
Expected increase in compensation levels 2.80% 2.70%
Interest crediting rate 2.60% 2.60%
v3.25.3
Retirement and Post-Retirement Benefit Plans - Schedule of Net Assets And Liabilities For Defined Benefit And Post-Retirement Benefit Plans (Details) - USD ($)
$ in Millions
Oct. 31, 2025
Oct. 31, 2024
Post-Retirement Benefit Plans    
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]    
Other non-current assets $ 51 $ 35
Other current liabilities (3) (4)
Other non-current liabilities (1) (1)
Funded status at end of year 47 30
U.S. | Defined Benefit Plans    
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]    
Other non-current assets 313 277
Other current liabilities (31) (31)
Other non-current liabilities (239) (246)
Funded status at end of year 43 0
Non-U.S. | Defined Benefit Plans    
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]    
Other non-current assets 61 50
Other current liabilities (9) (10)
Other non-current liabilities (280) (300)
Funded status at end of year $ (228) $ (260)
v3.25.3
Retirement and Post-Retirement Benefit Plans - Schedule of Pre-Tax Net Actuarial Loss (Gain) and Prior Service Benefit Recognized in Accumulated Other Comprehensive Loss for Defined Benefit and Post-Retirement Benefit Plans (Details)
$ in Millions
Oct. 31, 2025
USD ($)
Post-Retirement Benefit Plans  
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]  
Net actuarial loss (gain) $ (187)
Prior service cost (credit) (40)
Total recognized in Accumulated other comprehensive income (loss) (227)
U.S. | Defined Benefit Plans  
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]  
Net actuarial loss (gain) 553
Prior service cost (credit) 0
Total recognized in Accumulated other comprehensive income (loss) 553
Non-U.S. | Defined Benefit Plans  
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]  
Net actuarial loss (gain) 31
Prior service cost (credit) 28
Total recognized in Accumulated other comprehensive income (loss) $ 59
v3.25.3
Retirement and Post-Retirement Benefit Plans - Schedule of Defined Benefit Plans with Projected Benefit Obligations Exceeding Fair Value of Plan Assets (Details) - Defined Benefit Plans - USD ($)
$ in Millions
Oct. 31, 2025
Oct. 31, 2024
U.S.    
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]    
Aggregate fair value of plan assets $ 0 $ 0
Aggregate projected benefit obligation 270 277
Non-U.S.    
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]    
Aggregate fair value of plan assets 976 894
Aggregate projected benefit obligation $ 1,267 $ 1,207
v3.25.3
Retirement and Post-Retirement Benefit Plans - Schedule of Defined Benefit Plans with Accumulated Benefit Obligations Exceeding Fair Value of Plan Assets (Details) - Defined Benefit Plans - USD ($)
$ in Millions
Oct. 31, 2025
Oct. 31, 2024
U.S.    
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]    
Aggregate fair value of plan assets $ 0 $ 0
Aggregate accumulated benefit obligation 270 277
Non-U.S.    
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]    
Aggregate fair value of plan assets 685 610
Aggregate accumulated benefit obligation $ 900 $ 859
v3.25.3
Retirement and Post-Retirement Benefit Plans - Schedule of Total Plan Assets by Asset Category (Details) - USD ($)
$ in Millions
Oct. 31, 2025
Oct. 31, 2024
Oct. 31, 2023
Post-Retirement Benefit Plans      
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]      
Net plan assets subject to leveling at fair value $ 276 $ 282  
Investments using NAV as a practical expedient 38 35  
Total plan assets 314 317 $ 382
Post-Retirement Benefit Plans | Equity securities      
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]      
Net plan assets subject to leveling at fair value 2 0  
Post-Retirement Benefit Plans | Corporate      
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]      
Net plan assets subject to leveling at fair value 146 143  
Post-Retirement Benefit Plans | Government      
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]      
Net plan assets subject to leveling at fair value 88 102  
Post-Retirement Benefit Plans | Real estate funds      
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]      
Net plan assets subject to leveling at fair value 0 0  
Post-Retirement Benefit Plans | Insurance contracts      
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]      
Net plan assets subject to leveling at fair value 0 0  
Post-Retirement Benefit Plans | Common collective trusts and 103-12 investment entities      
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]      
Net plan assets subject to leveling at fair value 0 0  
Post-Retirement Benefit Plans | Investment funds      
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]      
Net plan assets subject to leveling at fair value 43 45  
Post-Retirement Benefit Plans | Cash and Cash Equivalents      
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]      
Net plan assets subject to leveling at fair value 0 0  
Post-Retirement Benefit Plans | Other      
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]      
Net plan assets subject to leveling at fair value (3) (8)  
Post-Retirement Benefit Plans | Level 1      
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]      
Net plan assets subject to leveling at fair value 40 37  
Post-Retirement Benefit Plans | Level 1 | Equity securities      
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]      
Net plan assets subject to leveling at fair value 0 0  
Post-Retirement Benefit Plans | Level 1 | Corporate      
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]      
Net plan assets subject to leveling at fair value 0 0  
Post-Retirement Benefit Plans | Level 1 | Government      
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]      
Net plan assets subject to leveling at fair value 0 0  
Post-Retirement Benefit Plans | Level 1 | Real estate funds      
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]      
Net plan assets subject to leveling at fair value 0 0  
Post-Retirement Benefit Plans | Level 1 | Insurance contracts      
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]      
Net plan assets subject to leveling at fair value 0 0  
Post-Retirement Benefit Plans | Level 1 | Common collective trusts and 103-12 investment entities      
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]      
Net plan assets subject to leveling at fair value 0 0  
Post-Retirement Benefit Plans | Level 1 | Investment funds      
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]      
Net plan assets subject to leveling at fair value 43 45  
Post-Retirement Benefit Plans | Level 1 | Cash and Cash Equivalents      
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]      
Net plan assets subject to leveling at fair value 0 0  
Post-Retirement Benefit Plans | Level 1 | Other      
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]      
Net plan assets subject to leveling at fair value (3) (8)  
Post-Retirement Benefit Plans | Level 2      
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]      
Net plan assets subject to leveling at fair value 236 245  
Post-Retirement Benefit Plans | Level 2 | Equity securities      
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]      
Net plan assets subject to leveling at fair value 2 0  
Post-Retirement Benefit Plans | Level 2 | Corporate      
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]      
Net plan assets subject to leveling at fair value 146 143  
Post-Retirement Benefit Plans | Level 2 | Government      
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]      
Net plan assets subject to leveling at fair value 88 102  
Post-Retirement Benefit Plans | Level 2 | Real estate funds      
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]      
Net plan assets subject to leveling at fair value 0 0  
Post-Retirement Benefit Plans | Level 2 | Insurance contracts      
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]      
Net plan assets subject to leveling at fair value 0 0  
Post-Retirement Benefit Plans | Level 2 | Common collective trusts and 103-12 investment entities      
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]      
Net plan assets subject to leveling at fair value 0 0  
Post-Retirement Benefit Plans | Level 2 | Investment funds      
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]      
Net plan assets subject to leveling at fair value  
Post-Retirement Benefit Plans | Level 2 | Cash and Cash Equivalents      
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]      
Net plan assets subject to leveling at fair value 0 0  
Post-Retirement Benefit Plans | Level 2 | Other      
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]      
Net plan assets subject to leveling at fair value  
Post-Retirement Benefit Plans | Level 3      
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]      
Net plan assets subject to leveling at fair value 0 0  
Post-Retirement Benefit Plans | Level 3 | Equity securities      
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]      
Net plan assets subject to leveling at fair value 0 0  
Post-Retirement Benefit Plans | Level 3 | Corporate      
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]      
Net plan assets subject to leveling at fair value 0 0  
Post-Retirement Benefit Plans | Level 3 | Government      
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]      
Net plan assets subject to leveling at fair value 0 0  
Post-Retirement Benefit Plans | Level 3 | Real estate funds      
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]      
Net plan assets subject to leveling at fair value 0 0  
Post-Retirement Benefit Plans | Level 3 | Insurance contracts      
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]      
Net plan assets subject to leveling at fair value 0 0  
Post-Retirement Benefit Plans | Level 3 | Common collective trusts and 103-12 investment entities      
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]      
Net plan assets subject to leveling at fair value 0 0  
Post-Retirement Benefit Plans | Level 3 | Investment funds      
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]      
Net plan assets subject to leveling at fair value 0 0  
Post-Retirement Benefit Plans | Level 3 | Cash and Cash Equivalents      
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]      
Net plan assets subject to leveling at fair value 0 0  
Post-Retirement Benefit Plans | Level 3 | Other      
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]      
Net plan assets subject to leveling at fair value 0 0  
U.S. | Defined Benefit Plans      
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]      
Net plan assets subject to leveling at fair value 3,472 3,274  
Investments using NAV as a practical expedient 834 944  
Total plan assets 4,306 4,218 3,853
U.S. | Defined Benefit Plans | Equity securities      
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]      
Net plan assets subject to leveling at fair value 18 17  
U.S. | Defined Benefit Plans | Corporate      
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]      
Net plan assets subject to leveling at fair value 2,266 2,213  
U.S. | Defined Benefit Plans | Government      
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]      
Net plan assets subject to leveling at fair value 1,264 1,392  
U.S. | Defined Benefit Plans | Real estate funds      
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]      
Net plan assets subject to leveling at fair value 0 0  
U.S. | Defined Benefit Plans | Insurance contracts      
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]      
Net plan assets subject to leveling at fair value 0 0  
U.S. | Defined Benefit Plans | Common collective trusts and 103-12 investment entities      
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]      
Net plan assets subject to leveling at fair value 0 0  
U.S. | Defined Benefit Plans | Investment funds      
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]      
Net plan assets subject to leveling at fair value 31 10  
U.S. | Defined Benefit Plans | Cash and Cash Equivalents      
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]      
Net plan assets subject to leveling at fair value 33 40  
U.S. | Defined Benefit Plans | Other      
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]      
Net plan assets subject to leveling at fair value (140) (398)  
U.S. | Defined Benefit Plans | Level 1      
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]      
Net plan assets subject to leveling at fair value (93) (224)  
U.S. | Defined Benefit Plans | Level 1 | Equity securities      
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]      
Net plan assets subject to leveling at fair value 0 0  
U.S. | Defined Benefit Plans | Level 1 | Corporate      
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]      
Net plan assets subject to leveling at fair value 0 0  
U.S. | Defined Benefit Plans | Level 1 | Government      
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]      
Net plan assets subject to leveling at fair value 0 0  
U.S. | Defined Benefit Plans | Level 1 | Real estate funds      
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]      
Net plan assets subject to leveling at fair value 0 0  
U.S. | Defined Benefit Plans | Level 1 | Insurance contracts      
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]      
Net plan assets subject to leveling at fair value 0 0  
U.S. | Defined Benefit Plans | Level 1 | Common collective trusts and 103-12 investment entities      
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]      
Net plan assets subject to leveling at fair value 0 0  
U.S. | Defined Benefit Plans | Level 1 | Investment funds      
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]      
Net plan assets subject to leveling at fair value 31 10  
U.S. | Defined Benefit Plans | Level 1 | Cash and Cash Equivalents      
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]      
Net plan assets subject to leveling at fair value 5 17  
U.S. | Defined Benefit Plans | Level 1 | Other      
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]      
Net plan assets subject to leveling at fair value (129) (251)  
U.S. | Defined Benefit Plans | Level 2      
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]      
Net plan assets subject to leveling at fair value 3,565 3,498  
U.S. | Defined Benefit Plans | Level 2 | Equity securities      
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]      
Net plan assets subject to leveling at fair value 18 17  
U.S. | Defined Benefit Plans | Level 2 | Corporate      
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]      
Net plan assets subject to leveling at fair value 2,266 2,213  
U.S. | Defined Benefit Plans | Level 2 | Government      
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]      
Net plan assets subject to leveling at fair value 1,264 1,392  
U.S. | Defined Benefit Plans | Level 2 | Real estate funds      
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]      
Net plan assets subject to leveling at fair value 0 0  
U.S. | Defined Benefit Plans | Level 2 | Insurance contracts      
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]      
Net plan assets subject to leveling at fair value 0 0  
U.S. | Defined Benefit Plans | Level 2 | Common collective trusts and 103-12 investment entities      
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]      
Net plan assets subject to leveling at fair value 0 0  
U.S. | Defined Benefit Plans | Level 2 | Investment funds      
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]      
Net plan assets subject to leveling at fair value 0 0  
U.S. | Defined Benefit Plans | Level 2 | Cash and Cash Equivalents      
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]      
Net plan assets subject to leveling at fair value 28 23  
U.S. | Defined Benefit Plans | Level 2 | Other      
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]      
Net plan assets subject to leveling at fair value (11) (147)  
U.S. | Defined Benefit Plans | Level 3      
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]      
Net plan assets subject to leveling at fair value 0 0  
U.S. | Defined Benefit Plans | Level 3 | Equity securities      
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]      
Net plan assets subject to leveling at fair value 0 0  
U.S. | Defined Benefit Plans | Level 3 | Corporate      
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]      
Net plan assets subject to leveling at fair value 0 0  
U.S. | Defined Benefit Plans | Level 3 | Government      
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]      
Net plan assets subject to leveling at fair value 0 0  
U.S. | Defined Benefit Plans | Level 3 | Real estate funds      
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]      
Net plan assets subject to leveling at fair value 0 0  
U.S. | Defined Benefit Plans | Level 3 | Insurance contracts      
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]      
Net plan assets subject to leveling at fair value 0 0  
U.S. | Defined Benefit Plans | Level 3 | Common collective trusts and 103-12 investment entities      
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]      
Net plan assets subject to leveling at fair value 0 0  
U.S. | Defined Benefit Plans | Level 3 | Investment funds      
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]      
Net plan assets subject to leveling at fair value 0 0  
U.S. | Defined Benefit Plans | Level 3 | Cash and Cash Equivalents      
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]      
Net plan assets subject to leveling at fair value 0 0  
U.S. | Defined Benefit Plans | Level 3 | Other      
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]      
Net plan assets subject to leveling at fair value 0 0  
Non-U.S. | Defined Benefit Plans      
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]      
Net plan assets subject to leveling at fair value 854 759  
Investments using NAV as a practical expedient 350 326  
Total plan assets 1,204 1,085 $ 959
Non-U.S. | Defined Benefit Plans | Equity securities      
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]      
Net plan assets subject to leveling at fair value 112 117  
Non-U.S. | Defined Benefit Plans | Corporate      
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]      
Net plan assets subject to leveling at fair value 58 16  
Non-U.S. | Defined Benefit Plans | Government      
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]      
Net plan assets subject to leveling at fair value 136 59  
Non-U.S. | Defined Benefit Plans | Real estate funds      
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]      
Net plan assets subject to leveling at fair value 16 0  
Non-U.S. | Defined Benefit Plans | Insurance contracts      
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]      
Net plan assets subject to leveling at fair value 79 72  
Non-U.S. | Defined Benefit Plans | Common collective trusts and 103-12 investment entities      
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]      
Net plan assets subject to leveling at fair value 10 10  
Non-U.S. | Defined Benefit Plans | Investment funds      
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]      
Net plan assets subject to leveling at fair value 408 347  
Non-U.S. | Defined Benefit Plans | Cash and Cash Equivalents      
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]      
Net plan assets subject to leveling at fair value 26 22  
Non-U.S. | Defined Benefit Plans | Other      
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]      
Net plan assets subject to leveling at fair value 9 116  
Non-U.S. | Defined Benefit Plans | Level 1      
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]      
Net plan assets subject to leveling at fair value 34 29  
Non-U.S. | Defined Benefit Plans | Level 1 | Equity securities      
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]      
Net plan assets subject to leveling at fair value 9 8  
Non-U.S. | Defined Benefit Plans | Level 1 | Corporate      
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]      
Net plan assets subject to leveling at fair value 0 0  
Non-U.S. | Defined Benefit Plans | Level 1 | Government      
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]      
Net plan assets subject to leveling at fair value 0 0  
Non-U.S. | Defined Benefit Plans | Level 1 | Real estate funds      
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]      
Net plan assets subject to leveling at fair value 0 0  
Non-U.S. | Defined Benefit Plans | Level 1 | Insurance contracts      
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]      
Net plan assets subject to leveling at fair value 0 0  
Non-U.S. | Defined Benefit Plans | Level 1 | Common collective trusts and 103-12 investment entities      
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]      
Net plan assets subject to leveling at fair value 0 0  
Non-U.S. | Defined Benefit Plans | Level 1 | Investment funds      
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]      
Net plan assets subject to leveling at fair value 0 0  
Non-U.S. | Defined Benefit Plans | Level 1 | Cash and Cash Equivalents      
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]      
Net plan assets subject to leveling at fair value 25 21  
Non-U.S. | Defined Benefit Plans | Level 1 | Other      
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]      
Net plan assets subject to leveling at fair value 0 0  
Non-U.S. | Defined Benefit Plans | Level 2      
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]      
Net plan assets subject to leveling at fair value 820 730  
Non-U.S. | Defined Benefit Plans | Level 2 | Equity securities      
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]      
Net plan assets subject to leveling at fair value 103 109  
Non-U.S. | Defined Benefit Plans | Level 2 | Corporate      
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]      
Net plan assets subject to leveling at fair value 58 16  
Non-U.S. | Defined Benefit Plans | Level 2 | Government      
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]      
Net plan assets subject to leveling at fair value 136 59  
Non-U.S. | Defined Benefit Plans | Level 2 | Real estate funds      
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]      
Net plan assets subject to leveling at fair value 16 0  
Non-U.S. | Defined Benefit Plans | Level 2 | Insurance contracts      
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]      
Net plan assets subject to leveling at fair value 79 72  
Non-U.S. | Defined Benefit Plans | Level 2 | Common collective trusts and 103-12 investment entities      
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]      
Net plan assets subject to leveling at fair value 10 10  
Non-U.S. | Defined Benefit Plans | Level 2 | Investment funds      
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]      
Net plan assets subject to leveling at fair value 408 347  
Non-U.S. | Defined Benefit Plans | Level 2 | Cash and Cash Equivalents      
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]      
Net plan assets subject to leveling at fair value 1 1  
Non-U.S. | Defined Benefit Plans | Level 2 | Other      
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]      
Net plan assets subject to leveling at fair value 9 116  
Non-U.S. | Defined Benefit Plans | Level 3      
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]      
Net plan assets subject to leveling at fair value 0 0  
Non-U.S. | Defined Benefit Plans | Level 3 | Equity securities      
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]      
Net plan assets subject to leveling at fair value 0 0  
Non-U.S. | Defined Benefit Plans | Level 3 | Corporate      
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]      
Net plan assets subject to leveling at fair value 0 0  
Non-U.S. | Defined Benefit Plans | Level 3 | Government      
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]      
Net plan assets subject to leveling at fair value 0 0  
Non-U.S. | Defined Benefit Plans | Level 3 | Real estate funds      
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]      
Net plan assets subject to leveling at fair value 0 0  
Non-U.S. | Defined Benefit Plans | Level 3 | Insurance contracts      
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]      
Net plan assets subject to leveling at fair value 0 0  
Non-U.S. | Defined Benefit Plans | Level 3 | Common collective trusts and 103-12 investment entities      
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]      
Net plan assets subject to leveling at fair value 0 0  
Non-U.S. | Defined Benefit Plans | Level 3 | Investment funds      
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]      
Net plan assets subject to leveling at fair value 0 0  
Non-U.S. | Defined Benefit Plans | Level 3 | Cash and Cash Equivalents      
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]      
Net plan assets subject to leveling at fair value 0 0  
Non-U.S. | Defined Benefit Plans | Level 3 | Other      
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]      
Net plan assets subject to leveling at fair value $ 0 $ 0  
v3.25.3
Retirement and Post-Retirement Benefit Plans - Schedule of Weighted-Average Target Asset Allocations Across Benefit Plans (Details)
Oct. 31, 2025
Post-Retirement Benefit Plans  
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]  
Total 100.00%
Post-Retirement Benefit Plans | Equity-related investments  
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]  
Total 0.00%
Post-Retirement Benefit Plans | Debt securities  
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]  
Total 100.00%
Post-Retirement Benefit Plans | Real estate  
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]  
Total 0.00%
Post-Retirement Benefit Plans | Cash and cash equivalents  
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]  
Total 0.00%
Post-Retirement Benefit Plans | Other  
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]  
Total 0.00%
U.S. | Defined Benefit Plans  
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]  
Total 100.00%
U.S. | Defined Benefit Plans | Equity-related investments  
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]  
Total 0.00%
U.S. | Defined Benefit Plans | Debt securities  
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]  
Total 92.00%
U.S. | Defined Benefit Plans | Real estate  
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]  
Total 0.00%
U.S. | Defined Benefit Plans | Cash and cash equivalents  
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]  
Total 0.00%
U.S. | Defined Benefit Plans | Other  
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]  
Total 8.00%
Non-U.S. | Defined Benefit Plans  
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]  
Total 100.00%
Non-U.S. | Defined Benefit Plans | Equity-related investments  
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]  
Total 34.60%
Non-U.S. | Defined Benefit Plans | Debt securities  
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]  
Total 38.80%
Non-U.S. | Defined Benefit Plans | Real estate  
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]  
Total 9.10%
Non-U.S. | Defined Benefit Plans | Cash and cash equivalents  
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]  
Total 5.60%
Non-U.S. | Defined Benefit Plans | Other  
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]  
Total 11.90%
v3.25.3
Retirement and Post-Retirement Benefit Plans - Retirement Incentive Program (Narrative) (Details) - USD ($)
$ in Thousands
 1 Months Ended 12 Months Ended
Jan. 31, 2023
Oct. 31, 2025
Oct. 31, 2024
Oct. 31, 2023
Defined Benefit Plan Disclosure [Line Items]        
Eligible age with 10 years of service 55 years      
EER benefit, minimum   91 days    
EER benefit, maximum   364 days    
Restructuring charges   $ 327,000 $ 233,000 $ 444,000
Health care coverage extension period 36 months      
Maximum employer credits $ 12      
Other charges   $ 78,000 $ 68,000 83,000
Special Termination Benefits | Fiscal 2023 Plan        
Defined Benefit Plan Disclosure [Line Items]        
Restructuring charges       105,000
Other charges       $ 34,000
v3.25.3
Retirement and Post-Retirement Benefit Plans - Future Contributions and Funding Policy (Narrative) (Details)
$ in Millions
Oct. 31, 2025
USD ($)
Post-Retirement Benefit Plans  
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]  
Expected contributions $ 3
Non-U.S. | Defined Benefit Plans  
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]  
Expected contributions 43
U.S. | Defined Benefit Plans  
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]  
Expected contributions $ 31
v3.25.3
Retirement and Post-Retirement Benefit Plans - Schedule of Estimated Future Benefits Payments for Retirement and Post-Retirement Plans (Details)
$ in Millions
Oct. 31, 2025
USD ($)
Post-Retirement Benefit Plans  
Fiscal year  
2026 $ 25
2027 23
2028 22
2029 22
2030 21
Next five fiscal years to October 31, 2035 97
U.S. | Defined Benefit Plans  
Fiscal year  
2026 288
2027 279
2028 289
2029 301
2030 306
Next five fiscal years to October 31, 2035 1,549
Non-U.S. | Defined Benefit Plans  
Fiscal year  
2026 63
2027 63
2028 66
2029 69
2030 71
Next five fiscal years to October 31, 2035 $ 429
v3.25.3
Stock-Based Compensation - Schedule of Stock-Based Compensation Expense and the Resulting Tax Benefits (Details) - USD ($)
$ in Millions
 12 Months Ended
Oct. 31, 2025
Oct. 31, 2024
Oct. 31, 2023
Share-Based Payment Arrangement [Abstract]      
Stock-based compensation expense $ 522 $ 452 $ 438
Income tax benefit (88) (77) (72)
Stock-based compensation expense, net of tax $ 434 $ 375 $ 366
v3.25.3
Stock-Based Compensation - Stock-Based Compensation Expense and Related Income Tax Benefits for Continuing Operations (Narrative) (Details) - 2021 ESPP - USD ($)
$ in Millions
 12 Months Ended
Oct. 31, 2025
Oct. 31, 2024
Oct. 31, 2023
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Cash received from option exercises and purchases $ 41 $ 72 $ 51
Benefit realized for tax deduction from option exercises $ 3 $ 1 $ 2
v3.25.3
Stock-Based Compensation - Stock-Based Incentive Compensation Plans (Narrative) (Details)
$ in Millions
 12 Months Ended
Oct. 31, 2025
USD ($)
shares
Cash-settled awards and restricted stock awards | Minimum  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Vesting period 1 year
Cash-settled awards and restricted stock awards | Maximum  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Vesting period 3 years
Stock Options  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Granted (in shares) 0
Unrecognized pre-tax stock-based compensation expense | $ $ 0.2
Remaining weighted-average vesting period 1 month 6 days
Stock Options | Minimum  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Vesting period 3 years
Stock Options | Maximum  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Vesting period 4 years
2004 Plan  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Stock authorized for issuance (in shares) 668,800,000
v3.25.3
Stock-Based Compensation - Schedule of Assumptions Used to Measure Fair Value of Restricted Stock Units (Details) - Restricted Stock Units
 12 Months Ended
Oct. 31, 2025
Oct. 31, 2024
Oct. 31, 2023
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Expected volatility (as a percent) 34.00% 33.90% 44.40%
Risk-free interest rate (as a percent) 4.00% 4.10% 4.00%
Expected performance period in years 2 years 10 months 24 days 2 years 10 months 24 days 2 years 10 months 24 days
v3.25.3
Stock-Based Compensation - Schedule of Restricted Stock Units Activity (Details) - Restricted Stock Units - $ / shares
shares in Thousands
 12 Months Ended
Oct. 31, 2025
Oct. 31, 2024
Oct. 31, 2023
Shares      
Outstanding at beginning of year (in shares) 31,868 30,209 28,688
Granted (in shares) 20,759 18,262 18,500
Vested (in shares) (14,912) (14,483) (15,291)
Forfeited (in shares) (3,092) (2,120) (1,688)
Outstanding at end of year (in shares) 34,623 31,868 30,209
Weighted- Average Grant Date Fair Value Per Share      
Outstanding at beginning of year (in dollars per share) $ 30 $ 31 $ 30
Granted (in dollars per share) 34 32 31
Vested (in dollars per share) 31 33 29
Forfeited (in dollars per share) 32 31 31
Outstanding at end of year (in dollars per share) $ 32 $ 30 $ 31
v3.25.3
Stock-Based Compensation - Restricted Stock Units (Narrative) (Details) - Restricted Stock Units - USD ($)
$ in Millions
 12 Months Ended
Oct. 31, 2025
Oct. 31, 2024
Oct. 31, 2023
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Total grant date fair value of restricted stock awards vested $ 465 $ 471 $ 442
Unrecognized pre-tax stock-based compensation expense related to non-vested restricted stock awards $ 438    
Remaining weighted-average vesting period 1 year 4 months 24 days    
v3.25.3
Stock-Based Compensation - Employee Stock Purchase Plan (Narrative) (Details) - USD ($)
 12 Months Ended
Oct. 31, 2025
Oct. 31, 2024
Oct. 31, 2023
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Stock-based compensation expense, net of tax $ 434,000,000 $ 375,000,000 $ 366,000,000
2021 ESPP      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Maximum employee contribution limit (as a percent) 10.00%    
Stock purchase price (as a percent) 95.00%    
Stock-based compensation expense, net of tax $ 0    
Stock authorized for issuance (in shares) 50,000,000    
v3.25.3
Stock-Based Compensation - Schedule of Shares Available for Future Grant and Shares Reserved for Future Issuance (Details) - shares
shares in Thousands
Oct. 31, 2025
Oct. 31, 2024
Oct. 31, 2023
Share-Based Payment Arrangement [Abstract]      
Shares available for future grant (in shares) 100,719 144,553 133,033
Shares reserved for future issuance (in shares) 139,863 181,463 169,503
v3.25.3
Taxes on Earnings - Schedule of Domestic and Foreign Components of Earnings (Details) - USD ($)
$ in Millions
 12 Months Ended
Oct. 31, 2025
Oct. 31, 2024
Oct. 31, 2023
Domestic and foreign components of earnings (loss) before taxes      
U.S. $ 107 $ 537 $ 650
Non-U.S. 2,561 2,742 2,287
Earnings before taxes $ 2,668 $ 3,279 $ 2,937
v3.25.3
Taxes on Earnings - Schedule of (Benefit from) Provision for Taxes on Earnings (Details) - USD ($)
$ in Millions
 12 Months Ended
Oct. 31, 2025
Oct. 31, 2024
Oct. 31, 2023
U.S. federal taxes:      
Current $ (188) $ 245 $ 226
Deferred (121) 34 (549)
Non-U.S. taxes:      
Current 328 357 337
Deferred 95 (193) (305)
State taxes:      
Current (13) 33 42
Deferred 38 28 (77)
Provision for (benefit from) taxes $ 139 $ 504 $ (326)
v3.25.3
Taxes on Earnings - Schedule of Differences Between U.S. Federal Statutory Income Tax Rate and HP's Effective Tax Rate (Details)
 12 Months Ended
Oct. 31, 2025
Oct. 31, 2024
Oct. 31, 2023
Effective Income Tax Rate Reconciliation, Percent [Abstract]      
U.S. federal statutory income tax rate from continuing operations 21.00% 21.00% 21.00%
State income taxes, net of federal tax benefit 2.40% 2.20% 1.70%
Impact of foreign earnings including GILTI and FDII, net (2.90%) (1.00%) (1.10%)
Research and development (“R&D”) credit (2.30%) (1.10%) (1.00%)
Valuation allowances (2.50%) (7.10%) (7.30%)
Uncertain tax positions and audit settlements (10.20%) 1.00% 2.40%
Changes in tax laws or rates enacted 1.40% 0.30% (0.30%)
Impact of internal reorganization 0.00% 0.00% (27.40%)
Other, net (1.70%) 0.10% 0.90%
Effective tax rate 5.20% 15.40% (11.10%)
v3.25.3
Taxes on Earnings - Provision for Taxes (Narrative) (Details) - USD ($)
$ / shares in Units, $ in Millions
 12 Months Ended
Oct. 31, 2025
Oct. 31, 2024
Oct. 31, 2023
Income Tax Disclosure [Abstract]      
Net income tax charges (benefits) $ (415) $ (214) $ (1,100)
Uncertain tax positions 273 (39) 27
Restructuring benefits 80 60 101
Net valuation allowance release 44 198 255
Filing of tax returns in various jurisdictions 28 14 58
Audit settlements in various jurisdictions 22   (60)
Litigation charges 16    
Chnages in tax rate 69 25  
Tax benefit related to acquisition charges   11 42
Internal reorganization     726
Tax charges for extinguishment of debt     25
Income tax benefits, reduced rates for subsidiaries in certain countries $ 153 $ 217 $ 190
Income tax benefits, reduced rates for subsidiaries in certain countries (in dollars per share) $ 0.16 $ 0.22 $ 0.19
v3.25.3
Taxes on Earnings - Schedule of Reconciliation of Unrecognized Tax Benefits (Details) - USD ($)
$ in Millions
 12 Months Ended
Oct. 31, 2025
Oct. 31, 2024
Oct. 31, 2023
Unrecognized Tax Benefits      
Balance at beginning of year $ 1,217 $ 1,137 $ 1,045
Increases:      
For current year’s tax positions 85 82 61
For prior years’ tax positions 14 52 186
Decreases:      
For prior years’ tax positions (79) (9) (35)
Statute of limitations expirations (338) (33) (8)
Settlements with taxing authorities (34) (12) (112)
Balance at end of year $ 865 $ 1,217 $ 1,137
v3.25.3
Taxes on Earnings - Uncertain Tax Positions (Narrative) (Details)
$ in Millions
 12 Months Ended
Oct. 31, 2025
USD ($)
country
Oct. 31, 2024
USD ($)
Oct. 31, 2023
USD ($)
Oct. 31, 2022
USD ($)
Income Tax Disclosure [Abstract]        
Unrecognized tax benefits $ 865 $ 1,217 $ 1,137 $ 1,045
Unrecognized tax benefits that would affect effective tax rate if realized 656      
Increase in gross unrecognized tax benefits (352)      
Accrued income tax for interest and penalties $ 122 $ 135 $ 102  
Likelihood of no resolution period 12 months      
Reasonably possible decrease in existing unrecognized tax benefits within the next 12 months $ 42      
Number of other countries in which HP is subject to income taxes | country 60      
Undistributed earnings from non-U.S. operations $ 5,100      
v3.25.3
Taxes on Earnings - Schedule of Significant Components of Deferred Tax Assets and Deferred Tax Liabilities (Details) - USD ($)
$ in Millions
Oct. 31, 2025
Oct. 31, 2024
Oct. 31, 2023
Oct. 31, 2022
Deferred tax assets:        
Loss and credit carryforwards $ 6,792 $ 7,050    
Intercompany transactions—excluding inventory 208 357    
Fixed assets 107 113    
Warranty 81 100    
Employee and retiree benefits 226 242    
Deferred revenue 244 240    
Capitalized research and development 1,187 1,014    
Operating lease liabilities 244 272    
Investment in partnership 672 710    
Other 393 395    
Gross deferred tax assets 10,154 10,493    
Valuation allowances (6,479) (6,688) $ (6,994) $ (7,592)
Total deferred tax assets 3,675 3,805    
Deferred tax liabilities:        
Unremitted earnings of foreign subsidiaries (36) (107)    
Right-of-use assets from operating leases (211) (235)    
Intangible assets (121) (159)    
Cash flow hedges (5) (24)    
Total deferred tax liabilities (373) (525)    
Total $ 3,302 $ 3,280    
v3.25.3
Taxes on Earnings - Schedule of Current and Long-term Deferred Tax Assets and Liabilities (Details) - USD ($)
$ in Millions
Oct. 31, 2025
Oct. 31, 2024
Income Tax Disclosure [Abstract]    
Deferred tax assets $ 3,318 $ 3,311
Deferred tax liabilities (16) (31)
Total $ 3,302 $ 3,280
v3.25.3
Taxes on Earnings - Schedule of Deferred Tax Assets for Net Operating Loss Carryforwards (Details) - USD ($)
$ in Millions
Oct. 31, 2025
Oct. 31, 2024
Oct. 31, 2023
Oct. 31, 2022
Operating Loss Carryforwards [Line Items]        
Valuation allowance $ (6,479) $ (6,688) $ (6,994) $ (7,592)
Operating loss carryforwards        
Operating Loss Carryforwards [Line Items]        
Gross NOLs 25,984      
Deferred Taxes on NOLs 6,575      
Valuation allowance (6,051)      
Federal | Operating loss carryforwards        
Operating Loss Carryforwards [Line Items]        
Gross NOLs 33      
Deferred Taxes on NOLs 7      
Valuation allowance (1)      
State | Operating loss carryforwards        
Operating Loss Carryforwards [Line Items]        
Gross NOLs 1,817      
Deferred Taxes on NOLs 97      
Valuation allowance (23)      
Foreign | Operating loss carryforwards        
Operating Loss Carryforwards [Line Items]        
Gross NOLs 24,134      
Deferred Taxes on NOLs 6,471      
Valuation allowance $ (6,027)      
v3.25.3
Taxes on Earnings - Schedule of Deferred Tax Assets for Various Tax Credit Carryforwards (Details)
$ in Millions
Oct. 31, 2025
USD ($)
Deferred Tax Assets, Tax Credit Carryforwards [Abstract]  
Carryforward $ 307
U.S. R&D and other credits 52
Balance at end of year 359
Valuation Allowance [Line Items]  
Valuation Allowance (61)
Tax credits in state and foreign jurisdictions  
Valuation Allowance [Line Items]  
Valuation Allowance (61)
U.S. R&D and other credits  
Valuation Allowance [Line Items]  
Valuation Allowance $ 0
v3.25.3
Taxes on Earnings - Schedule of Deferred Tax Asset Valuation Allowance and Changes (Details) - USD ($)
$ in Millions
 12 Months Ended
Oct. 31, 2025
Oct. 31, 2024
Oct. 31, 2023
Movement in Valuation Allowances and Reserves      
Balance at beginning of year $ 6,688 $ 6,994 $ 7,592
Income tax (benefit) expense (230) (300) (650)
Goodwill, other comprehensive loss (income), currency translation and charges to other accounts 21 (6) 52
Balance at end of year $ 6,479 $ 6,688 $ 6,994
v3.25.3
Taxes on Earnings - Deferred Tax Asset Valuation Allowance (Narrative) (Details) - USD ($)
$ in Millions
 12 Months Ended
Oct. 31, 2025
Oct. 31, 2024
Oct. 31, 2023
Oct. 31, 2022
Valuation Allowance [Line Items]        
Valuation allowance for deferred tax assets $ 6,479 $ 6,688 $ 6,994 $ 7,592
Deferred tax asset valuation allowance        
Valuation Allowance [Line Items]        
Valuation allowance for deferred tax assets 6,500 6,700 7,000  
Decrease in valuation allowances $ 209 $ 306 $ 598  
v3.25.3
Supplementary Financial Information - Schedule of Cash, Cash Equivalents and Restricted Cash (Details) - USD ($)
$ in Millions
Oct. 31, 2025
Oct. 31, 2024
Oct. 31, 2023
Oct. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]        
Cash and cash equivalents $ 3,690 $ 3,238    
Restricted cash 15 15    
Cash, cash equivalents and restricted cash $ 3,705 $ 3,253 $ 3,232 $ 3,145
v3.25.3
Supplementary Financial Information - Schedule of Accounts Receivables (Details) - USD ($)
$ in Millions
 12 Months Ended
Oct. 31, 2025
Oct. 31, 2024
Oct. 31, 2023
Allowance for Doubtful Accounts Receivable      
Balance at beginning of period $ 83 $ 93 $ 107
Current-period allowance for credit losses 8 3 (2)
Deductions, net of recoveries (8) (13) (12)
Balance at end of period $ 83 $ 83 $ 93
v3.25.3
Supplementary Financial Information - Schedule of Trade Receivables Sold and Cash Received (Details) - USD ($)
$ in Millions
 12 Months Ended
Oct. 31, 2025
Oct. 31, 2024
Oct. 31, 2023
Receivables Sold but Not Collected from Third Party      
Balance at beginning of year $ 284 $ 141 $ 185
Trade receivables sold 11,830 12,200 13,391
Cash receipts (12,006) (12,063) (13,449)
Foreign currency and other 9 6 14
Balance at end of year $ 117 $ 284 $ 141
v3.25.3
Supplementary Financial Information - Schedule of Inventory (Details) - USD ($)
$ in Millions
Oct. 31, 2025
Oct. 31, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]    
Finished goods $ 4,721 $ 4,338
Purchased parts and fabricated assemblies 3,791 3,382
Inventory $ 8,512 $ 7,720
v3.25.3
Supplementary Financial Information - Schedule of Other Current Assets (Details) - USD ($)
$ in Millions
Oct. 31, 2025
Oct. 31, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]    
Supplier and other receivables $ 1,981 $ 2,180
Prepaid and other current assets 1,577 1,462
Value-added taxes receivable 986 1,028
Other current assets $ 4,544 $ 4,670
v3.25.3
Supplementary Financial Information - Schedule of Property, Plant and Equipment, Net (Details) - USD ($)
$ in Millions
 12 Months Ended
Oct. 31, 2025
Oct. 31, 2024
Oct. 31, 2023
Property, Plant and Equipment, Net      
Property, plant and equipment, gross $ 8,486 $ 7,992  
Accumulated depreciation (5,437) (5,078)  
Property, plant and equipment, net 3,049 2,914  
Depreciation expense 523 501 $ 491
Land, buildings and leasehold improvements      
Property, Plant and Equipment, Net      
Property, plant and equipment, gross 2,619 2,527  
Machinery and equipment, including equipment held for lease      
Property, Plant and Equipment, Net      
Property, plant and equipment, gross $ 5,867 $ 5,465  
v3.25.3
Supplementary Financial Information - Schedule of Other Non-Current Assets (Details) - USD ($)
$ in Millions
Oct. 31, 2025
Oct. 31, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]    
Deferred tax assets $ 3,318 $ 3,311
Intangible assets $ 1,012 $ 1,319
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible Enumeration] Other non-current assets, total Other non-current assets, total
Right-of-use assets $ 1,129 $ 1,165
Prepaid pension and post-retirement benefit assets 425 362
Deposits and prepaid 316 322
Other 1,361 1,129
Other non-current assets, total $ 7,561 $ 7,608
v3.25.3
Supplementary Financial Information - Schedule of Other Current Liabilities (Details) - USD ($)
$ in Millions
Oct. 31, 2025
Oct. 31, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]    
Sales and marketing programs $ 3,103 $ 3,060
Deferred revenue 1,609 1,446
Other accrued taxes 1,258 1,233
Employee compensation and benefit 965 970
Warranty $ 401 $ 486
Operating Lease, Liability, Current, Statement of Financial Position [Extensible Enumeration] Other current liabilities Other current liabilities
Operating lease liabilities $ 401 $ 443
Tax liability 297 291
Other 2,328 2,449
Other current liabilities $ 10,362 $ 10,378
v3.25.3
Supplementary Financial Information - Schedule of Other Non-Current Liabilities (Details) - USD ($)
$ in Millions
Oct. 31, 2025
Oct. 31, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]    
Deferred revenue $ 1,632 $ 1,487
Tax liability 496 839
Operating lease liabilities $ 815 $ 787
Operating Lease, Liability, Noncurrent, Statement of Financial Position [Extensible Enumeration] Other non-current liabilities Other non-current liabilities
Pension, post-retirement, and post-employment liabilities $ 564 $ 607
Deferred tax liability 16 31
Other 513 531
Other non-current liabilities $ 4,036 $ 4,282
v3.25.3
Supplementary Financial Information - Schedule of Interest and other, net (Details) - USD ($)
$ in Millions
 12 Months Ended
Oct. 31, 2025
Oct. 31, 2024
Oct. 31, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]      
Interest expense on borrowings $ (430) $ (452) $ (548)
Factoring costs (125) (155) (136)
Certain litigation benefits 52 0 0
Net (loss) gain on debt extinguishment 0 (3) 107
Non-operating retirement-related credits 13 14 51
Other, net (16) 57 7
Interest and other, net $ (506) $ (539) $ (519)
v3.25.3
Supplementary Financial Information - Schedule of Net Revenue by Region (Details) - USD ($)
$ in Millions
 12 Months Ended
Oct. 31, 2025
Oct. 31, 2024
Oct. 31, 2023
Revenues from External Customers and Long-Lived Assets [Line Items]      
Total net revenue $ 55,295 $ 53,559 $ 53,718
Americas      
Revenues from External Customers and Long-Lived Assets [Line Items]      
Total net revenue 23,545 23,251 23,095
Europe, Middle East and Africa      
Revenues from External Customers and Long-Lived Assets [Line Items]      
Total net revenue 18,596 18,044 17,819
Asia-Pacific and Japan      
Revenues from External Customers and Long-Lived Assets [Line Items]      
Total net revenue $ 13,154 $ 12,264 $ 12,804
v3.25.3
Supplementary Financial Information - Value of Remaining Performance Obligations (Narrative) (Details)
$ in Billions
Oct. 31, 2025
USD ($)
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]  
Remaining performance obligations $ 4.3
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2025-11-01  
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]  
Remaining performance obligations $ 1.9
Remaining performance obligations, period 12 months
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2026-11-01  
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]  
Remaining performance obligations $ 2.4
Remaining performance obligations, period
v3.25.3
Supplementary Financial Information - Costs of Obtaining Contracts (Narrative) (Details) - USD ($)
$ in Millions
 12 Months Ended
Oct. 31, 2025
Oct. 31, 2024
Oct. 31, 2023
Capitalized Contract Cost [Line Items]      
Contract cost amortization $ 68 $ 86  
Contract liability 3,200 2,900 $ 2,700
Revenue recognized 1,500 1,400  
Deferred contract fulfillment      
Capitalized Contract Cost [Line Items]      
Capitalized contract costs 33 36  
Acquisition costs      
Capitalized Contract Cost [Line Items]      
Capitalized contract costs $ 42 $ 50  
v3.25.3
Supplementary Financial Information - Supplier Finance Program (Narrative) (Details) - USD ($)
$ in Millions
Oct. 31, 2025
Oct. 31, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]    
Payment terms offered by HP 30 days  
Obligations outstanding $ 8,913 $ 7,808
Supplier Finance Program, Obligation, Statement of Financial Position [Extensible Enumeration] Accounts payable  
Current obligations outstsanding $ 100 $ 100
Supplier Finance Program, Obligation, Current, Statement of Financial Position [Extensible Enumeration] Accounts payable  
v3.25.3
Supplementary Financial Information - Schedule of Rollforward of the Obligations Under the Program (Details)
$ in Millions
 12 Months Ended
Oct. 31, 2025
USD ($)
Supplier Finance Program, Obligation [Roll Forward]  
Confirmed obligations outstanding at the beginning of the year $ 7,808
Invoices confirmed during the year 44,022
Confirmed invoices paid during the year (42,921)
Foreign currency translation 4
Confirmed obligations outstanding at the end of the year $ 8,913
v3.25.3
Supplementary Financial Information - Government Assistance (Narrative) (Details) - USD ($)
$ in Millions
 12 Months Ended
Oct. 31, 2025
Oct. 31, 2024
Oct. 31, 2023
Capitalized Contract Cost [Line Items]      
Government assistance recognized $ 196 $ 126 $ 117
Reduction of cost of net revenue $ 130 $ 111 $ 95
Government Assistance Statement Of Income Or Comprehensive Income Extensible Enumeration Not Disclosed Flag government assistance government assistance government assistance
Government Assistance, Expense, Decrease (Increase), Statement of Income or Comprehensive Income [Extensible Enumeration] Total cost of net revenue Total cost of net revenue Total cost of net revenue
Minimum      
Capitalized Contract Cost [Line Items]      
Grant agreements are usually for a period 3 years    
Maximum      
Capitalized Contract Cost [Line Items]      
Grant agreements are usually for a period 5 years    
v3.25.3
Goodwill and Intangible Assets - Schedule of Reportable Segments And Changes in the Carrying Amount of Goodwill (Details) - USD ($)
$ in Millions
 12 Months Ended
Oct. 31, 2025
Oct. 31, 2024
Oct. 31, 2023
Goodwill      
Balance at beginning of period $ 8,627 $ 8,591  
Acquisitions 79 28  
Foreign currency translation and other 0 8  
Balance at end of period 8,706 8,627  
Personal Systems      
Goodwill      
Balance at beginning of period 4,748 4,722  
Acquisitions 0 26  
Foreign currency translation and other (24) 0  
Balance at end of period 4,724 4,748  
Printing      
Goodwill      
Balance at beginning of period 3,761 3,751  
Acquisitions 0 2  
Foreign currency translation and other 24 8  
Balance at end of period 3,785 3,761  
Corporate Investments      
Goodwill      
Balance at beginning of period 118 118  
Acquisitions 79 0  
Foreign currency translation and other 0 0  
Balance at end of period 197 118  
Accumulated impairment losses $ 800 $ 800 $ 800
v3.25.3
Goodwill and Intangible Assets - Schedule of Acquired Intangible Assets (Details) - USD ($)
$ in Millions
Oct. 31, 2025
Oct. 31, 2024
Intangible Asset, Acquired, Finite-Lived [Line Items]    
Gross $ 2,570 $ 2,667
Accumulated Amortization 1,558 1,348
Total 1,012 1,319
Customer contracts, customer lists and distribution agreements    
Intangible Asset, Acquired, Finite-Lived [Line Items]    
Gross 726 783
Accumulated Amortization 428 372
Total 298 411
Technology and patents    
Intangible Asset, Acquired, Finite-Lived [Line Items]    
Gross 1,625 1,666
Accumulated Amortization 1,004 884
Total 621 782
Trade name and trademarks    
Intangible Asset, Acquired, Finite-Lived [Line Items]    
Gross 219 218
Accumulated Amortization 126 92
Total $ 93 $ 126
v3.25.3
Goodwill and Intangible Assets - Intangible Assets (Narrative) (Details)
$ in Millions
 12 Months Ended
Oct. 31, 2025
USD ($)
Customer contracts, customer lists and distribution agreements  
Intangible Asset, Acquired, Finite-Lived [Line Items]  
Impairment charges $ 65
Impairment, Intangible Asset, Finite-Lived, Statement of Income or Comprehensive Income [Extensible Enumeration] Amortization of intangible assets
Technology and patents  
Intangible Asset, Acquired, Finite-Lived [Line Items]  
Impairment charges $ 27
Impairment, Intangible Asset, Finite-Lived, Statement of Income or Comprehensive Income [Extensible Enumeration] Amortization of intangible assets
v3.25.3
Goodwill and Intangible Assets - Schedule of Estimated Future Amortization Expense (Details) - USD ($)
$ in Millions
Oct. 31, 2025
Oct. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]    
2026 $ 225  
2027 220  
2028 175  
2029 125  
2030 98  
Thereafter 169  
Total $ 1,012 $ 1,319
v3.25.3
Fair Value - Schedule of Assets and Liabilities Measured at Fair Value on a Recurring Basis (Details) - USD ($)
$ in Millions
Oct. 31, 2025
Oct. 31, 2024
Assets:    
Cash Equivalents $ 1,878 $ 1,332
Derivative Instruments 183 229
Liabilities:    
Derivative Instruments 244 182
Marketable securities and mutual funds    
Liabilities:    
Debt securities, restricted 63 78
Fair Value, Recurring    
Assets:    
Total assets 2,195 1,748
Liabilities:    
Total liabilities 244 182
Fair Value, Recurring | Government debt    
Assets:    
Cash Equivalents 1,878 1,332
Fair Value, Recurring | Financial institution instruments    
Assets:    
Available-for-Sale Investments 3 3
Fair Value, Recurring | Marketable securities and mutual funds    
Assets:    
Available-for-Sale Investments 131 184
Liabilities:    
Debt securities, restricted 63 78
Fair Value, Recurring | Interest rate contracts    
Assets:    
Derivative Instruments 0 4
Liabilities:    
Derivative Instruments 1 22
Fair Value, Recurring | Foreign currency contracts    
Assets:    
Derivative Instruments 182 225
Liabilities:    
Derivative Instruments 242 158
Fair Value, Recurring | Other derivatives    
Assets:    
Derivative Instruments 1 0
Liabilities:    
Derivative Instruments 1 2
Level 1 | Fair Value, Recurring    
Assets:    
Total assets 1,887 1,386
Liabilities:    
Total liabilities 0 0
Level 1 | Fair Value, Recurring | Government debt    
Assets:    
Cash Equivalents 1,878 1,332
Level 1 | Fair Value, Recurring | Financial institution instruments    
Assets:    
Available-for-Sale Investments 0 0
Level 1 | Fair Value, Recurring | Marketable securities and mutual funds    
Assets:    
Available-for-Sale Investments 9 54
Level 1 | Fair Value, Recurring | Interest rate contracts    
Assets:    
Derivative Instruments 0 0
Liabilities:    
Derivative Instruments 0 0
Level 1 | Fair Value, Recurring | Foreign currency contracts    
Assets:    
Derivative Instruments 0 0
Liabilities:    
Derivative Instruments 0 0
Level 1 | Fair Value, Recurring | Other derivatives    
Assets:    
Derivative Instruments 0 0
Liabilities:    
Derivative Instruments 0 0
Level 2 | Fair Value, Recurring    
Assets:    
Total assets 308 362
Liabilities:    
Total liabilities 244 182
Level 2 | Fair Value, Recurring | Government debt    
Assets:    
Cash Equivalents 0 0
Level 2 | Fair Value, Recurring | Financial institution instruments    
Assets:    
Available-for-Sale Investments 3 3
Level 2 | Fair Value, Recurring | Marketable securities and mutual funds    
Assets:    
Available-for-Sale Investments 122 130
Level 2 | Fair Value, Recurring | Interest rate contracts    
Assets:    
Derivative Instruments 0 4
Liabilities:    
Derivative Instruments 1 22
Level 2 | Fair Value, Recurring | Foreign currency contracts    
Assets:    
Derivative Instruments 182 225
Liabilities:    
Derivative Instruments 242 158
Level 2 | Fair Value, Recurring | Other derivatives    
Assets:    
Derivative Instruments 1 0
Liabilities:    
Derivative Instruments 1 2
Level 3 | Fair Value, Recurring    
Assets:    
Total assets 0 0
Liabilities:    
Total liabilities 0 0
Level 3 | Fair Value, Recurring | Government debt    
Assets:    
Cash Equivalents 0 0
Level 3 | Fair Value, Recurring | Financial institution instruments    
Assets:    
Available-for-Sale Investments 0 0
Level 3 | Fair Value, Recurring | Marketable securities and mutual funds    
Assets:    
Available-for-Sale Investments 0 0
Level 3 | Fair Value, Recurring | Interest rate contracts    
Assets:    
Derivative Instruments 0 0
Liabilities:    
Derivative Instruments 0 0
Level 3 | Fair Value, Recurring | Foreign currency contracts    
Assets:    
Derivative Instruments 0 0
Liabilities:    
Derivative Instruments 0 0
Level 3 | Fair Value, Recurring | Other derivatives    
Assets:    
Derivative Instruments 0 0
Liabilities:    
Derivative Instruments $ 0 $ 0
v3.25.3
Fair Value - Narrative (Details) - USD ($)
$ in Billions
Oct. 31, 2025
Oct. 31, 2024
Fair Value Disclosures [Abstract]    
Fair value, short- and long-term debt $ 9.6 $ 9.4
Debt securities, restricted $ 9.7 $ 9.7
v3.25.3
Financial Instruments - Schedule of Cash Equivalents and Available-for-Sale Investments (Details) - USD ($)
$ in Millions
Oct. 31, 2025
Oct. 31, 2024
Cash Equivalents:    
Cost $ 1,878 $ 1,332
Gross Unrealized Gain 0 0
Gross Unrealized Loss 0 0
Fair Value 1,878 1,332
Available-for-Sale Investments:    
Cost 107 118
Gross Unrealized Gain 27 69
Gross Unrealized Loss 0 0
Fair Value 134 187
Total cash equivalents and available-for-sale investments, cost 1,985 1,450
Total cash equivalents and available-for-sale investments, gross unrealized gain 27 69
Total cash equivalents and available-for-sale investments, gross unrealized loss 0 0
Total cash equivalents and available-for-sale investments, fair value 2,012 1,519
Government debt    
Cash Equivalents:    
Cost 1,878 1,332
Gross Unrealized Gain 0 0
Gross Unrealized Loss 0 0
Fair Value 1,878 1,332
Financial institution instruments    
Available-for-Sale Investments:    
Debt securities, cost 3 3
Debt securities, gross unrealized gain 0 0
Debt securities, gross unrealized loss 0 0
Debt securities, fair value 3 3
Marketable securities and mutual funds    
Available-for-Sale Investments:    
Equity securities, cost 104 115
Equity securities, gross unrealized gain 27 69
Equity securities, gross unrealized loss 0 0
Equity securities, fair value 131 184
Debt securities, restricted $ 63 $ 78
v3.25.3
Financial Instruments - Narrative (Details) - USD ($)
$ in Millions
 12 Months Ended
Oct. 31, 2025
Oct. 31, 2024
Oct. 31, 2023
Derivative [Line Items]      
Interest income $ 89 $ 78 $ 67
Cost method and other equity investments 137 107  
Collateralized arrangements in net liability position $ 98 $ 59  
Period to collateralize 2 days    
Gain (loss) expected to be reclassified from AOCI into earnings in next 12 months $ (41)    
Cash flow hedges:      
Derivative [Line Items]      
Foreign currency maturity 12 months    
v3.25.3
Financial Instruments - Schedule of Contractual Maturities of Investments in Available-for-Sale Debt Securities (Details)
$ in Millions
Oct. 31, 2025
USD ($)
Amortized Cost  
Due in less than one year $ 15
Due in one to five years 49
Amortized Cost 64
Fair Value  
Due in less than one year 15
Due in one to five years 51
Fair Value $ 66
v3.25.3
Financial Instruments - Schedule of Gross Notional and Fair Value of Derivative Financial Instruments in the Consolidated Condensed Balance Sheets (Details) - USD ($)
$ in Millions
Oct. 31, 2025
Oct. 31, 2024
Derivatives, Fair Value    
Outstanding Gross Notional $ 19,299 $ 20,253
Derivative instruments, assets 183 229
Derivative instruments, liabilities $ 244 $ 182
Other Current Assets    
Derivatives, Fair Value    
Derivative Asset, Statement of Financial Position [Extensible Enumeration] Other current assets Other current assets
Derivative instruments, assets $ 156 $ 189
Other Non-Current Assets    
Derivatives, Fair Value    
Derivative Asset, Statement of Financial Position [Extensible Enumeration] Other non-current assets Other non-current assets
Derivative instruments, assets $ 27 $ 40
Other Current Liabilities    
Derivatives, Fair Value    
Derivative Liability, Statement of Financial Position [Extensible Enumeration] Other current liabilities Other current liabilities
Derivative instruments, liabilities $ 190 $ 137
Other Non-Current Liabilities    
Derivatives, Fair Value    
Derivative Liability, Statement of Financial Position [Extensible Enumeration] Other non-current liabilities Other non-current liabilities
Derivative instruments, liabilities $ 54 $ 45
Derivatives designated as hedging instruments | Fair value hedges: | Interest rate contracts    
Derivatives, Fair Value    
Outstanding Gross Notional 250 750
Derivatives designated as hedging instruments | Fair value hedges: | Interest rate contracts | Other Current Assets    
Derivatives, Fair Value    
Derivative instruments, assets 0 0
Derivatives designated as hedging instruments | Fair value hedges: | Interest rate contracts | Other Non-Current Assets    
Derivatives, Fair Value    
Derivative instruments, assets 0 0
Derivatives designated as hedging instruments | Fair value hedges: | Interest rate contracts | Other Current Liabilities    
Derivatives, Fair Value    
Derivative instruments, liabilities 1 11
Derivatives designated as hedging instruments | Fair value hedges: | Interest rate contracts | Other Non-Current Liabilities    
Derivatives, Fair Value    
Derivative instruments, liabilities 0 10
Derivatives designated as hedging instruments | Cash flow hedges:    
Derivatives, Fair Value    
Outstanding Gross Notional 14,742 15,813
Derivatives designated as hedging instruments | Cash flow hedges: | Other Current Assets    
Derivatives, Fair Value    
Derivative instruments, assets 141 169
Derivatives designated as hedging instruments | Cash flow hedges: | Other Non-Current Assets    
Derivatives, Fair Value    
Derivative instruments, assets 27 40
Derivatives designated as hedging instruments | Cash flow hedges: | Other Current Liabilities    
Derivatives, Fair Value    
Derivative instruments, liabilities 175 128
Derivatives designated as hedging instruments | Cash flow hedges: | Other Non-Current Liabilities    
Derivatives, Fair Value    
Derivative instruments, liabilities 54 45
Derivatives designated as hedging instruments | Cash flow hedges: | Interest rate contracts    
Derivatives, Fair Value    
Outstanding Gross Notional 0 500
Derivatives designated as hedging instruments | Cash flow hedges: | Interest rate contracts | Other Current Assets    
Derivatives, Fair Value    
Derivative instruments, assets 0 0
Derivatives designated as hedging instruments | Cash flow hedges: | Interest rate contracts | Other Non-Current Assets    
Derivatives, Fair Value    
Derivative instruments, assets 0 4
Derivatives designated as hedging instruments | Cash flow hedges: | Interest rate contracts | Other Current Liabilities    
Derivatives, Fair Value    
Derivative instruments, liabilities 0 0
Derivatives designated as hedging instruments | Cash flow hedges: | Interest rate contracts | Other Non-Current Liabilities    
Derivatives, Fair Value    
Derivative instruments, liabilities 0 1
Derivatives designated as hedging instruments | Cash flow hedges: | Foreign currency contracts    
Derivatives, Fair Value    
Outstanding Gross Notional 14,492 14,563
Derivatives designated as hedging instruments | Cash flow hedges: | Foreign currency contracts | Other Current Assets    
Derivatives, Fair Value    
Derivative instruments, assets 141 169
Derivatives designated as hedging instruments | Cash flow hedges: | Foreign currency contracts | Other Non-Current Assets    
Derivatives, Fair Value    
Derivative instruments, assets 27 36
Derivatives designated as hedging instruments | Cash flow hedges: | Foreign currency contracts | Other Current Liabilities    
Derivatives, Fair Value    
Derivative instruments, liabilities 174 117
Derivatives designated as hedging instruments | Cash flow hedges: | Foreign currency contracts | Other Non-Current Liabilities    
Derivatives, Fair Value    
Derivative instruments, liabilities 54 34
Derivatives not designated as hedging instruments    
Derivatives, Fair Value    
Outstanding Gross Notional 4,557 4,440
Derivatives not designated as hedging instruments | Other Current Assets    
Derivatives, Fair Value    
Derivative instruments, assets 15 20
Derivatives not designated as hedging instruments | Other Non-Current Assets    
Derivatives, Fair Value    
Derivative instruments, assets 0 0
Derivatives not designated as hedging instruments | Other Current Liabilities    
Derivatives, Fair Value    
Derivative instruments, liabilities 15 9
Derivatives not designated as hedging instruments | Other Non-Current Liabilities    
Derivatives, Fair Value    
Derivative instruments, liabilities 0 0
Derivatives not designated as hedging instruments | Foreign currency contracts    
Derivatives, Fair Value    
Outstanding Gross Notional 4,389 4,284
Derivatives not designated as hedging instruments | Foreign currency contracts | Other Current Assets    
Derivatives, Fair Value    
Derivative instruments, assets 14 20
Derivatives not designated as hedging instruments | Foreign currency contracts | Other Non-Current Assets    
Derivatives, Fair Value    
Derivative instruments, assets 0 0
Derivatives not designated as hedging instruments | Foreign currency contracts | Other Current Liabilities    
Derivatives, Fair Value    
Derivative instruments, liabilities 14 7
Derivatives not designated as hedging instruments | Foreign currency contracts | Other Non-Current Liabilities    
Derivatives, Fair Value    
Derivative instruments, liabilities 0 0
Derivatives not designated as hedging instruments | Other derivatives    
Derivatives, Fair Value    
Outstanding Gross Notional 168 156
Derivatives not designated as hedging instruments | Other derivatives | Other Current Assets    
Derivatives, Fair Value    
Derivative instruments, assets 1 0
Derivatives not designated as hedging instruments | Other derivatives | Other Non-Current Assets    
Derivatives, Fair Value    
Derivative instruments, assets 0 0
Derivatives not designated as hedging instruments | Other derivatives | Other Current Liabilities    
Derivatives, Fair Value    
Derivative instruments, liabilities 1 2
Derivatives not designated as hedging instruments | Other derivatives | Other Non-Current Liabilities    
Derivatives, Fair Value    
Derivative instruments, liabilities $ 0 $ 0
v3.25.3
Financial Instruments - Schedule of Information Related to the Potential Effect of Entity's Master Netting Agreements and Collateral Security Agreements (Details) - USD ($)
$ in Millions
 12 Months Ended
Oct. 31, 2025
Oct. 31, 2024
Derivative assets    
Gross Amount Recognized $ 183 $ 229
Gross Amount Offset 0 0
Net Amount Presented 183 229
Gross Amounts Not Offset    
Derivatives 143 113
Financial Collateral 15 88
Net Amount 25 28
Derivative liabilities    
Gross Amount Recognized 244 182
Gross Amount Offset 0 0
Net Amount Presented 244 182
Gross Amounts Not Offset    
Derivatives 143 113
Financial Collateral 279 61
Net Amount $ (178) $ 8
Period to collateralize 2 days  
v3.25.3
Financial Instruments - Schedule of Pre-Tax Effect of Derivative Instruments and Related Hedged Items in a Fair Value Hedging Relationship (Details) - Interest and other, net - Interest rate contracts - USD ($)
$ in Millions
 12 Months Ended
Oct. 31, 2025
Oct. 31, 2024
Oct. 31, 2023
Derivative Instruments, Gain (Loss) [Line Items]      
Gain/(loss) recognized in earnings on derivative instruments $ 20 $ 36 $ 20
Gain/(loss) recognized in earnings on hedged item $ (20) $ (36) $ (20)
v3.25.3
Financial Instruments - Schedule of Pre-Tax Effect of Derivative Instruments in Cash Flow Hedging Relationships Included in Accumulated Other Comprehensive (Loss) Income (Details) - USD ($)
$ in Millions
 12 Months Ended
Oct. 31, 2025
Oct. 31, 2024
Oct. 31, 2023
Derivative Instruments, Gain (Loss) [Line Items]      
Gain/(loss) recognized in Accumulated other comprehensive (loss) income on derivatives $ (211) $ 51 $ (427)
Foreign currency contracts | Cash flow hedges:      
Derivative Instruments, Gain (Loss) [Line Items]      
Gain/(loss) recognized in Accumulated other comprehensive (loss) income on derivatives (214) 47 (427)
Interest rate contracts | Cash flow hedges:      
Derivative Instruments, Gain (Loss) [Line Items]      
Gain/(loss) recognized in Accumulated other comprehensive (loss) income on derivatives $ 3 $ 4 $ 0
v3.25.3
Financial Instruments - Schedule of Pre-Tax Effect of Derivative Instruments in Cash Flow Hedging Relationships Included in Earnings (Details) - USD ($)
$ in Millions
 12 Months Ended
Oct. 31, 2025
Oct. 31, 2024
Oct. 31, 2023
Pre-tax effect of derivative instruments in cash flow hedging relationships      
Gain/ (loss) reclassified from Accumulated other comprehensive loss into earnings $ (98) $ 274 $ 84
Cash flow hedges:      
Pre-tax effect of derivative instruments in cash flow hedging relationships      
Gain/ (loss) reclassified from Accumulated other comprehensive loss into earnings (98) 274 84
Cash flow hedges: | Products net revenue      
Pre-tax effect of derivative instruments in cash flow hedging relationships      
Gain/ (loss) reclassified from Accumulated other comprehensive loss into earnings (32) 408 243
Cash flow hedges: | Cost of products net revenue      
Pre-tax effect of derivative instruments in cash flow hedging relationships      
Gain/ (loss) reclassified from Accumulated other comprehensive loss into earnings (81) (142) (167)
Cash flow hedges: | Operating expenses      
Pre-tax effect of derivative instruments in cash flow hedging relationships      
Gain/ (loss) reclassified from Accumulated other comprehensive loss into earnings 2 (4) (4)
Cash flow hedges: | Interest and other, net      
Pre-tax effect of derivative instruments in cash flow hedging relationships      
Gain/ (loss) reclassified from Accumulated other comprehensive loss into earnings $ 13 $ 12 $ 12
v3.25.3
Financial Instruments - Schedule of Pre-Tax Effect of Derivative Instruments Not Designated as Hedging Instruments Recognized in Interest and Other, Net in the Consolidated Condensed Statements of Earnings (Details) - USD ($)
$ in Millions
 12 Months Ended
Oct. 31, 2025
Oct. 31, 2024
Oct. 31, 2023
Derivative Instruments, Gain (Loss) [Line Items]      
Gain/(loss) recognized in earnings on derivative instrument $ (8) $ 44 $ (68)
Interest and other, net | Foreign currency contracts      
Derivative Instruments, Gain (Loss) [Line Items]      
Gain/(loss) recognized in earnings on derivative instrument (11) 44 (65)
Interest and other, net | Other derivatives      
Derivative Instruments, Gain (Loss) [Line Items]      
Gain/(loss) recognized in earnings on derivative instrument $ 3 $ 0 $ (3)
v3.25.3
Borrowings - Schedule of Notes Payable and Short-Term Borrowings (Details) - USD ($)
$ in Millions
Oct. 31, 2025
Oct. 31, 2024
Amount Outstanding    
Current portion of long-term debt $ 788 $ 1,358
Notes payable to banks and other $ 845 $ 1,406
Weighted-Average Interest Rate    
Current portion of long-term debt 3.20% 5.00%
Notes payable to banks and other    
Amount Outstanding    
Notes payable to banks and other $ 57 $ 48
Weighted-Average Interest Rate    
Commercial paper and notes payable to banks, lines of credit and other 0.00% 0.00%
v3.25.3
Borrowings - Schedule of Long-Term Debt (Details) - USD ($)
 3 Months Ended
Oct. 31, 2025
Oct. 31, 2024
Debt Instrument [Line Items]    
Total $ 9,723,000,000  
Fair value adjustment related to hedged debt (1,000,000) $ (21,000,000)
Unamortized debt issuance cost (46,000,000) (47,000,000)
Current portion of long-term debt (788,000,000) (1,358,000,000)
Total long-term debt 8,821,000,000 8,263,000,000
U.S. Dollar Global Notes    
Debt Instrument [Line Items]    
Total 8,891,000,000 9,044,000,000
$1,150 issued June 2020    
Debt Instrument [Line Items]    
Face amount of debt instrument $ 1,150,000,000  
Discount to par (percent) 99.769%  
Interest rate (percent) 2.20%  
Total $ 0 1,150,000,000
$1,000 issued June 2021    
Debt Instrument [Line Items]    
Face amount of debt instrument $ 1,000,000,000  
Discount to par (percent) 99.808%  
Interest rate (percent) 1.45%  
Total $ 522,000,000 521,000,000
$1,000 issued June 2020    
Debt Instrument [Line Items]    
Face amount of debt instrument $ 1,000,000,000  
Discount to par (percent) 99.718%  
Interest rate (percent) 3.00%  
Total $ 999,000,000 999,000,000
$900 issued June 2022    
Debt Instrument [Line Items]    
Face amount of debt instrument $ 900,000,000  
Discount to par (percent) 99.841%  
Interest rate (percent) 4.75%  
Total $ 899,000,000 899,000,000
$1,000 issued March 2022    
Debt Instrument [Line Items]    
Face amount of debt instrument $ 1,000,000,000  
Discount to par (percent) 99.767%  
Interest rate (percent) 4.00%  
Total $ 999,000,000 999,000,000
$500 issued April 2025    
Debt Instrument [Line Items]    
Face amount of debt instrument $ 500,000,000  
Discount to par (percent) 99.732%  
Interest rate (percent) 5.40%  
Total $ 499,000,000 0
$850 issued June 2020    
Debt Instrument [Line Items]    
Face amount of debt instrument $ 850,000,000  
Discount to par (percent) 99.79%  
Interest rate (percent) 3.40%  
Total $ 503,000,000 503,000,000
$1,000 issued June 2021    
Debt Instrument [Line Items]    
Face amount of debt instrument $ 1,000,000,000  
Discount to par (percent) 99.573%  
Interest rate (percent) 2.65%  
Total $ 998,000,000 997,000,000
$1,000 issued March 2022    
Debt Instrument [Line Items]    
Face amount of debt instrument $ 1,000,000,000  
Discount to par (percent) 99.966%  
Interest rate (percent) 4.20%  
Total $ 676,000,000 676,000,000
$1,100 issued June 2022    
Debt Instrument [Line Items]    
Face amount of debt instrument $ 1,100,000,000  
Discount to par (percent) 99.725%  
Interest rate (percent) 5.50%  
Total $ 1,098,000,000 1,098,000,000
$500 issued April 2025    
Debt Instrument [Line Items]    
Face amount of debt instrument $ 500,000,000  
Discount to par (percent) 99.778%  
Interest rate (percent) 6.10%  
Total $ 499,000,000 0
$1,200 issued September 2011    
Debt Instrument [Line Items]    
Face amount of debt instrument $ 1,200,000,000  
Discount to par (percent) 99.863%  
Interest rate (percent) 6.00%  
Total $ 1,199,000,000 1,199,000,000
$500 issued August 2022    
Debt Instrument [Line Items]    
Face amount of debt instrument $ 500,000,000  
Issuance rate (percent) 100.00%  
Interest rate (percent) 4.75%  
Total $ 0 3,000,000
Repayments of long-term debt 3,400,000  
Other borrowings at 1.47%-7.07%, due in fiscal years 2026-2032    
Debt Instrument [Line Items]    
Other borrowings at 1.47%-7.07%, due in fiscal years 2026-2032 $ 765,000,000 $ 645,000,000
Other borrowings at 1.47%-7.07%, due in fiscal years 2026-2032 | Minimum    
Debt Instrument [Line Items]    
Interest rate (percent) 1.47%  
Other borrowings at 1.47%-7.07%, due in fiscal years 2026-2032 | Maximum    
Debt Instrument [Line Items]    
Interest rate (percent) 7.07%  
v3.25.3
Borrowings - Narrative (Details) - USD ($)
 1 Months Ended
Aug. 01, 2024
Apr. 30, 2025
Mar. 31, 2024
Oct. 31, 2025
Oct. 31, 2024
Debt Instrument [Line Items]          
Notional amount       $ 19,299,000,000 $ 20,253,000,000
Issuance costs       46,000,000 47,000,000
Discounts on debt issuance       10,000,000  
Fair value adjustment related to hedged debt       (1,000,000) (21,000,000)
Commercial Paper          
Debt Instrument [Line Items]          
Maximum borrowing capacity under credit facility       6,000,000,000  
Credit Facility          
Debt Instrument [Line Items]          
Maximum borrowing capacity under credit facility       5,000,000,000 $ 5,000,000,000
Lines of credit          
Debt Instrument [Line Items]          
Available borrowing resources       1,100,000,000  
Forward Contracts          
Debt Instrument [Line Items]          
Notional amount   $ 825,000,000      
U.S. Dollar Global Notes , Due April 2030 And 2035 | Senior Notes          
Debt Instrument [Line Items]          
Face amount of debt instrument   1,000,000,000      
Payments of Debt Issuance Costs   9,000,000      
$500 issued April 2025          
Debt Instrument [Line Items]          
Face amount of debt instrument       $ 500,000,000  
Interest rate (percent)       5.40%  
$500 issued April 2025 | Senior Notes          
Debt Instrument [Line Items]          
Face amount of debt instrument   $ 500,000,000      
Interest rate (percent)   5.40%      
$500 issued April 2025          
Debt Instrument [Line Items]          
Face amount of debt instrument       $ 500,000,000  
Interest rate (percent)       6.10%  
$500 issued April 2025 | Senior Notes          
Debt Instrument [Line Items]          
Face amount of debt instrument   $ 500,000,000      
Interest rate (percent)   6.10%      
New Revolving Facility | Credit Facility          
Debt Instrument [Line Items]          
Revolving credit facility, term 5 years        
364-Day Revolving Credit Facility | Credit Facility          
Debt Instrument [Line Items]          
Maximum borrowing capacity under credit facility     $ 1,000,000,000    
Revolving credit facility, term     364 days    
v3.25.3
Borrowings - Schedule of Aggregate Future Maturities of Long-term Debt at Face Value (Details)
$ in Millions
Oct. 31, 2025
USD ($)
Fiscal year  
2026 $ 847
2027 1,227
2028 1,060
2029 1,084
2030 1,027
Thereafter 4,478
Total $ 9,723
v3.25.3
Stockholders’ Deficit - Narrative (Details) - USD ($)
shares in Millions, $ in Millions
 12 Months Ended
Oct. 31, 2025
Oct. 31, 2024
Oct. 31, 2023
Stockholders' Equity Note [Abstract]      
Repurchases of common stock (in shares) 29.6 62.7 3.6
Payment in connection with repurchases of shares $ 850 $ 2,100 $ 100
Share repurchases that will be settled in subsequent period (in shares) 0.2    
Share repurchase authorization remaining $ 8,400    
v3.25.3
Stockholders' Deficit - Schedule of Changes and Reclassifications Related to Other Comprehensive (Loss) Income, Net of Taxes (Details) - USD ($)
$ in Millions
 12 Months Ended
Oct. 31, 2025
Oct. 31, 2024
Oct. 31, 2023
Components of accumulated other comprehensive income, net of taxes      
Balance at the beginning of period $ (1,323) $ (1,069) $ (3,025)
Tax effects on change in unrealized components 5 46 119
Other comprehensive loss, net of taxes (23) (211) (508)
Balance at the end of period (346) (1,323) (1,069)
Other comprehensive loss, net of taxes:      
Components of accumulated other comprehensive income, net of taxes      
Balance at the beginning of period 14 7 6
Unrealized (losses) gains arising during the period 16 8 2
Tax effects on change in unrealized components of available-for-sale securities (1) (1) (1)
Other comprehensive loss, net of taxes 15 7 1
Balance at the end of period 29 14 7
Unrealized components of cash flow hedges      
Components of accumulated other comprehensive income, net of taxes      
Balance at the beginning of period 47 230 648
Unrealized (losses) gains arising during the period (211) 51 (427)
Losses (gains) reclassified into earnings 98 (274) (84)
Tax effects on change in unrealized components 18 40 93
Other comprehensive loss, net of taxes (95) (183) (418)
Balance at the end of period (48) 47 230
Unrealized components of defined benefit plans      
Components of accumulated other comprehensive income, net of taxes      
Balance at the beginning of period (496) (437) (323)
Unrealized (losses) gains arising during the period 30 (76) (141)
Tax effects on change in unrealized components (11) 7 27
Other comprehensive loss, net of taxes 46 (59) (114)
Balance at the end of period (450) (496) (437)
Amortization of actuarial loss and prior service benefit      
Components of accumulated other comprehensive income, net of taxes      
Losses (gains) reclassified into earnings 21 8 0
Curtailments, settlements and other      
Components of accumulated other comprehensive income, net of taxes      
Losses (gains) reclassified into earnings 6 2 0
Cumulative translation adjustment      
Components of accumulated other comprehensive income, net of taxes      
Balance at the beginning of period 1 (23) (46)
Unrealized (losses) gains arising during the period 12 24 23
Tax effects on change in unrealized components (1) 0 0
Other comprehensive loss, net of taxes 11 24 23
Balance at the end of period 12 1 (23)
Accumulated Other Comprehensive (Loss) Income      
Components of accumulated other comprehensive income, net of taxes      
Balance at the beginning of period (434) (223) 285
Other comprehensive loss, net of taxes (23) (211) (508)
Balance at the end of period $ (457) $ (434) $ (223)
v3.25.3
Earnings Per Share (Details) - USD ($)
$ / shares in Units, shares in Millions, $ in Millions
 12 Months Ended
Oct. 31, 2025
Oct. 31, 2024
Oct. 31, 2023
Numerator:      
Net earnings, basic $ 2,529 $ 2,775 $ 3,263
Net earnings, diluted $ 2,529 $ 2,775 $ 3,263
Denominator:      
Weighted-average shares used to compute basic net EPS (in shares) 946 979 992
Dilutive effect of employee stock plans (in shares) 7 10 8
Weighted-average shares used to compute diluted net EPS (in shares) 953 989 1,000
Net earnings per share:      
Basic (in dollars per share) $ 2.67 $ 2.83 $ 3.29
Diluted (in dollars per share) $ 2.65 $ 2.81 $ 3.26
Anti dilutive weighted-average stock-based compensation awards (in shares) 8 1 4
v3.25.3
Litigation and Contingencies (Details)
$ in Millions
 1 Months Ended 12 Months Ended
Aug. 26, 2025
lawsuit
Aug. 08, 2025
lawsuit
Jul. 22, 2025
USD ($)
Jan. 24, 2013
USD ($)
Dec. 11, 2012
USD ($)
Apr. 21, 2012
USD ($)
May 10, 2010
USD ($)
employee
Feb. 29, 2024
USD ($)
Oct. 31, 2020
patent
Sep. 30, 2020
patent
Oct. 31, 2025
patent
Dec. 31, 2015
subsidiary
employee
Apr. 20, 2012
USD ($)
Apr. 11, 2012
USD ($)
Litigation and Contingencies                            
Aggregate damages sought               $ 4,000            
Loss contingency, damages awarded, value     $ 740                      
Media Content Protection LLC Patent Litigation                            
Litigation and Contingencies                            
Patents allegedly infringed | patent                   4        
Patents withdrawn | patent                 2          
Wilus                            
Litigation and Contingencies                            
Patents allegedly infringed | patent                     3      
Philips                            
Litigation and Contingencies                            
Patents allegedly infringed | lawsuit 2 3                        
Number of patents, seeking damages and product recall | lawsuit   2                        
India Directorate of Revenue Intelligence Proceedings                            
Litigation and Contingencies                            
Number of current employees | employee             7              
Number of former employees | employee             1              
Aggregate damages sought             $ 370              
Loss contingency deposit to prevent interruption of business             $ 16              
Duties and penalties under show cause notices                         $ 17 $ 386
Amount deposited under show cause notice prior to order                         $ 7 $ 9
Additional amount deposited against products-related show cause notice         $ 10                  
Additional amount deposited against parts-related show cause notice           $ 3                
Additional amount deposited against product order       $ 24                    
Autonomy-Related Legal Matters | Autonomy                            
Litigation and Contingencies                            
Number of subsidiaries | subsidiary                       4    
Number of members | employee                       2    
v3.25.3
Guarantees, Indemnifications and Warranties (Details) - USD ($)
$ in Millions
 12 Months Ended
Oct. 31, 2025
Oct. 31, 2024
Changes in aggregated product warranty liabilities    
Balance at beginning of year $ 550 $ 706
Accruals for warranties issued 670 721
Adjustments related to pre-existing warranties (including changes in estimates) (4) 30
Settlements made (764) (907)
Balance at end of year $ 452 $ 550
v3.25.3
Commitments (Details)
$ in Millions
Oct. 31, 2025
USD ($)
Fiscal year  
2026 $ 509
2027 227
2028 195
2029 111
2030 38
Thereafter 5
Total $ 1,085
v3.25.3
Leases - Narrative (Details) - USD ($)
$ in Millions
 12 Months Ended
Oct. 31, 2025
Oct. 31, 2024
Oct. 31, 2023
Lessee, Lease, Description [Line Items]      
Operating lease assets, extensible enumeration Other non-current assets Other non-current assets  
Current operating lease liabilities, extensible enumeration Other current liabilities Other current liabilities  
Non-current operating lease liability, extensible enumeration Other non-current liabilities Other non-current liabilities  
Sales-type revenue, percentage of product net revenue (less than) 1.00% 1.00% 1.00%
Net investment in leases $ 859 $ 705  
Minimum      
Lessee, Lease, Description [Line Items]      
Operating lease term 1 year    
Maximum      
Lessee, Lease, Description [Line Items]      
Operating lease term 15 years    
v3.25.3
Leases - Schedule of Components of Lease Expense (Details) - USD ($)
$ in Millions
 12 Months Ended
Oct. 31, 2025
Oct. 31, 2024
Leases [Abstract]    
Operating lease cost $ 249 $ 230
Variable cost 100 106
Total lease expense $ 349 $ 336
v3.25.3
Leases - Schedule of Supplemental Cash Flow Information (Details) - USD ($)
$ in Millions
 12 Months Ended
Oct. 31, 2025
Oct. 31, 2024
Leases [Abstract]    
Cash paid for amount included in the measurement of lease liabilities $ 256 $ 233
Right-of-use assets obtained in exchange of lease liabilities $ 452 $ 411
Weighted-average remaining lease term in years 4 years 8 months 12 days 4 years 1 month 6 days
Weighted-average discount rate 6.90% 6.50%
v3.25.3
Leases - Schedule of Operating Lease Payments (Details)
$ in Millions
Oct. 31, 2025
USD ($)
Lessee, Operating Lease, Liability, Payment, Due [Abstract]  
2026 $ 474
2027 357
2028 193
2029 90
2030 57
Thereafter 216
Total lease payments 1,387
Less: Imputed interest 171
Total lease liabilities $ 1,216