HP INC, 10-K filed on 12/18/2023
Annual Report
v3.23.3
Cover Page - USD ($)
 12 Months Ended
Oct. 31, 2023
Nov. 30, 2023
Apr. 28, 2023
Cover [Abstract]      
Document Type 10-K    
Document Annual Report true    
Document Period End Date Oct. 31, 2023    
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     $ 29,292,756,147
Entity Common Stock, Shares Outstanding   990,902,449  
Documents Incorporated by Reference
DOCUMENTS INCORPORATED BY REFERENCE
DOCUMENT DESCRIPTION 10-K PART
Portions of the Registrant’s definitive proxy statement related to its 2024 Annual Meeting of Stockholders to be filed pursuant to Regulation 14A within 120 days after Registrant’s fiscal year end of October 31, 2023 are incorporated by reference into Part III of this Report. III
    
Entity Central Index Key 0000047217    
Amendment Flag false    
Document Fiscal Year Focus 2023    
Document Fiscal Period Focus FY    
v3.23.3
Audit Information
 12 Months Ended
Oct. 31, 2023
Audit Information [Abstract]  
Auditor Firm ID 42
Auditor Name ERNST & YOUNG LLP
Auditor Location San Jose, California
v3.23.3
Consolidated Statements of Earnings - USD ($)
shares in Millions, $ in Millions
 12 Months Ended
Oct. 31, 2023
Oct. 31, 2022
Oct. 31, 2021
Income Statement [Abstract]      
Net revenue $ 53,718 $ 62,910 $ 63,460
Costs and expenses:      
Cost of revenue 42,210 50,647 50,053
Research and development 1,578 1,653 1,848
Selling, general and administrative 5,357 5,264 5,727
Restructuring and other charges 527 218 251
Acquisition and divestiture charges 240 318 68
Amortization of intangible assets 350 228 154
Russia exit charges 0 23 0
Total costs and expenses 50,262 58,351 58,101
Earnings from operations 3,456 4,559 5,359
Interest and other, net (519) (235) 2,209
Earnings before taxes 2,937 4,324 7,568
Benefit from (provision for) taxes 326 (1,192) (1,027)
Net earnings $ 3,263 $ 3,132 $ 6,541
Net earnings per share:      
Basic (in dollars per share) $ 3.29 $ 3.02 $ 5.41
Diluted (in dollars per share) $ 3.26 $ 2.98 $ 5.36
Weighted-average shares used to compute net earnings per share:      
Basic (in shares) 992 1,038 1,208
Diluted (in shares) 1,000 1,050 1,220
v3.23.3
Consolidated Statements of Comprehensive Income - USD ($)
$ in Millions
 12 Months Ended
Oct. 31, 2023
Oct. 31, 2022
Oct. 31, 2021
Statement of Comprehensive Income [Abstract]      
Net earnings $ 3,263 $ 3,132 $ 6,541
Change in unrealized components of available-for-sale debt securities:      
Unrealized gains (losses) arising during the period 2 (11) 5
Change in unrealized components of cash flow hedges:      
Unrealized (losses) gains arising during the period (427) 1,541 (132)
(Gains) losses reclassified into earnings (84) (779) 243
Change in unrealized components of cash flow hedges total (511) 762 111
Change in unrealized components of defined benefit plans:      
(Losses) gains arising during the period (141) (54) 1,029
Amortization of actuarial loss and prior service benefit 0 20 80
Curtailments, settlements and other 0 0 (36)
Change in unrealized components of defined benefit plans total (141) (34) 1,073
Change in cumulative translation adjustment 23 (78) 28
Other comprehensive (loss) income before taxes (627) 639 1,217
Benefit (provision for) from taxes 119 (109) (219)
Other comprehensive (loss) income, net of taxes (508) 530 998
Comprehensive income $ 2,755 $ 3,662 $ 7,539
v3.23.3
Consolidated Balance Sheets - USD ($)
$ in Millions
Oct. 31, 2023
Oct. 31, 2022
Current assets:    
Cash, cash equivalents and restricted cash $ 3,232 $ 3,145
Accounts receivable, net of allowance for credit losses of $93 and $107, respectively 4,237 4,546
Inventory 6,862 7,614
Other current assets 3,646 4,431
Total current assets 17,977 19,736
Property, plant and equipment, net 2,827 2,774
Goodwill 8,591 8,541
Other non-current assets 7,609 7,443
Total assets 37,004 38,494
Current liabilities:    
Notes payable and short-term borrowings 230 218
Accounts payable 14,046 15,303
Other current liabilities 10,212 10,668
Total current liabilities 24,488 26,189
Long-term debt 9,254 10,796
Other non-current liabilities 4,331 4,534
Commitments and contingencies
Stockholders’ deficit:    
Preferred stock, $0.01 par value (300 shares authorized; none issued) 0 0
Common stock, $0.01 par value (9,600 shares authorized; 989 and 980 shares issued and outstanding at October 31, 2023, and 2022 respectively) 10 10
Additional paid-in capital 1,505 1,172
Accumulated deficit (2,361) (4,492)
Accumulated other comprehensive (loss) income (223) 285
Total stockholders’ deficit (1,069) (3,025)
Total liabilities and stockholders’ deficit $ 37,004 $ 38,494
v3.23.3
Consolidated Balance Sheets (Parenthetical) - USD ($)
$ in Millions
Oct. 31, 2023
Oct. 31, 2022
Statement of Financial Position [Abstract]    
Allowance for credit loss $ 93 $ 107
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) 989,000,000 980,000,000
Common stock, shares outstanding (in shares) 989,000,000 980,000,000
v3.23.3
Consolidated Statements of Cash Flows - USD ($)
$ in Millions
 12 Months Ended
Oct. 31, 2023
Oct. 31, 2022
Oct. 31, 2021
Cash flows from operating activities:      
Net earnings $ 3,263 $ 3,132 $ 6,541
Adjustments to reconcile net earnings to net cash provided by operating activities:      
Depreciation and amortization 850 780 785
Stock-based compensation expense 438 343 330
Restructuring and other charges 527 218 251
Deferred taxes on earnings (923) 577 (582)
Defined benefit plan settlement gains 0 0 (37)
Other, net (10) 475 440
Changes in operating assets and liabilities, net of acquisitions:      
Accounts receivable 278 1,285 (105)
Inventory 668 214 (2,180)
Accounts payable (1,240) (909) 1,257
Net investment in leases (110) (155) (111)
Taxes on earnings 198 (134) 59
Restructuring and other (310) (245) (205)
Other assets and liabilities (58) (1,118) (34)
Net cash provided by operating activities 3,571 4,463 6,409
Cash flows from investing activities:      
Investment in property, plant and equipment (609) (791) (582)
Proceeds from sale of property, plant and equipment 16 26 0
Purchases of available-for-sale securities and other investments (11) (52) (28)
Maturities and sales of available-for-sale securities and other investments 21 9 304
Collateral posted for derivative instruments 0 14 148
Payments made in connection with business acquisitions, net of cash acquired (7) (2,755) (854)
Net cash used in investing activities (590) (3,549) (1,012)
Cash flows from financing activities:      
(Payments of) Proceeds from short-term borrowings with original maturities less than 90 days, net     400
(Payments of) Proceeds from short-term borrowings with original maturities less than 90 days, net 10 400  
Proceeds from debt, net of issuance costs 255 4,175 2,121
Payment of debt (1,700) (693) (1,245)
Stock-based award activities and others (99) (95) (51)
Repurchase of common stock (100) (4,297) (6,249)
Cash dividends paid (1,037) (1,037) (938)
Collateral withdrawn for derivative instruments (200) 200 0
Settlement of cash flow hedges (3)    
Settlement of cash flow hedges   79 0
Net cash used in financing activities (2,894) (2,068) (5,962)
Increase (decrease) in cash, cash equivalents and restricted cash 87 (1,154) (565)
Cash, cash equivalents and restricted cash at beginning of period 3,145 4,299 4,864
Cash, cash equivalents and restricted cash at end of period 3,232 3,145 4,299
Supplemental cash flow disclosures:      
Income taxes paid, net of refunds 398 749 1,548
Interest expense paid $ 548 $ 305 $ 261
v3.23.3
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, 2020   1,303,927      
Balance at beginning of period at Oct. 31, 2020 $ (2,275) $ 13 $ 963 $ (2,008) $ (1,243)
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Net earnings 6,541     6,541  
Other comprehensive income (loss), net of taxes 998       998
Comprehensive income 7,539        
Issuance of common stock in connection with employee stock plans and other (in shares)   11,896      
Issuance of common stock in connection with employee stock plans and other $ (45)   (45)    
Repurchases of common stock (Note 12) (in shares) (224,000) (223,618)      
Repurchases of common stock (Note 12) $ (6,255) $ (2) (188) (6,065)  
Cash dividends (938)     (938)  
Stock-based compensation expense 330   330    
Balance (in shares) at Oct. 31, 2021   1,092,205      
Balance at end of period at Oct. 31, 2021 (1,644) $ 11 1,060 (2,470) (245)
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Net earnings 3,132     3,132  
Other comprehensive income (loss), net of taxes 530       530
Comprehensive income 3,662        
Issuance of common stock in connection with employee stock plans and other (in shares)   11,951      
Issuance of common stock in connection with employee stock plans and other $ (111)   (111)    
Repurchases of common stock (Note 12) (in shares) (124,000) (124,287)      
Repurchases of common stock (Note 12) $ (4,247) $ (1) (129) (4,117)  
Cash dividends (1,037)     (1,037)  
Stock-based compensation expense 343   343    
Business acquisitions $ 9   9    
Balance (in shares) at Oct. 31, 2022 980,000 979,869      
Balance at end 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 income (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 989,000 988,782      
Balance at end of period at Oct. 31, 2023 $ (1,069) $ 10 $ 1,505 $ (2,361) $ (223)
v3.23.3
Consolidated Statements of Stockholders' Deficit (Parenthetical) - $ / shares
 12 Months Ended
Oct. 31, 2023
Oct. 31, 2022
Oct. 31, 2021
Statement of Stockholders' Equity [Abstract]      
Cash dividends (in dollars per share) $ 1.05 $ 1.00 $ 0.78
v3.23.3
Summary of Significant Accounting Policies
 12 Months Ended
Oct. 31, 2023
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.
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 monthly average exchange rates prevailing during the 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 their 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 November 2021, the Financial Accounting Standards Board (“FASB”) issued guidance that enhances the transparency of government assistance received and accounted for by applying a grant or contribution model by analogy. This guidance requires annual disclosure of government assistance including the types of assistance received, an entity’s accounting for the assistance, the effect of the assistance on the entity’s financial statements and significant terms and conditions of such assistance. HP adopted this guidance as of and for the fiscal year ended October 31, 2023 using a prospective approach. Adoption of this guidance did not have a material impact on our consolidated financial statement disclosures.
Recently Issued Accounting Pronouncements Not Yet Adopted
In September 2022, the 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 will be required to disclose information about the program to allow users of financial statements to understand the program’s nature, activity during the period, changes from period to period, and potential magnitude. HP will adopt this guidance in the first quarter of fiscal year 2024, except for the disclosure on roll forward information which will be adopted in the fiscal year 2025, in line with the effective adoption dates prescribed by the FASB. The adoption of this new guidance will result in increased disclosures in the notes to our 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, other volume-based incentives and expected returns. 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 revenue to each performance obligation in proportion to their selling price. The selling price for each performance obligation is based on 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 in the nature of 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 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 and credit 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.
See Note 7, “Supplementary Financial Information” for details on net revenue by region, cost to obtain a contract and fulfillment cost, contract liabilities and value of remaining performance obligations.
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 $611 million, $696 million and $829 million in fiscal years 2023, 2022 and 2021, 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.
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 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 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 41% and 52% of gross accounts receivable as of October 31, 2023 and 2022, respectively. One customer TD Synnex Corp accounted for 13.2% of gross accounts receivable as of October 31, 2023. Two customers, TD Synnex Corp and Ingram Micro Inc., accounted for 13.8% and 10.4%, respectively, of gross accounts receivable as of October 31, 2022. 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 58% and 89% of HP’s supplier receivables of $0.3 billion as of both October 31, 2023 and 2022, 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 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 market (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 market 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.
Business Combinations
HP includes the results of operations of the acquired business in HP’s consolidated results prospectively from the acquisition date. HP allocates the purchase consideration to the assets acquired, liabilities assumed, and non-controlling interests in the acquired entity generally based on their fair values at the acquisition date. The excess of the fair value of purchase consideration over the fair value of these assets acquired, liabilities assumed and non-controlling interests in the acquired entity is recorded as goodwill. The primary items that generate goodwill include the value of the synergies between the acquired company and HP, and the value of the acquired assembled workforce, neither of which qualify for recognition as an intangible asset. Acquisition and divestiture charges are recognized separately from the business combination and are expensed as incurred. These charges primarily include, direct third-party professional and legal fees, integration and divestiture-related costs, as well as non-cash adjustments to the fair value adjustments of certain acquired assets such as inventory and certain compensation charges related to cash settlement of restricted stock units and performance-based restricted stock units of acquired companies.
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.
In the quantitative impairment test, HP compares the fair value of each reporting unit to its carrying amount with the fair values derived most significantly from the income approach, and to a lesser extent, 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.
In order to assess the reasonableness of the estimated fair value of HP’s reporting units, HP compares the aggregate reporting unit fair value to HP’s market capitalization on an overall basis and calculates an implied control premium (the excess of the sum of the reporting units’ fair value over HP’s market capitalization on an overall basis). HP evaluates the control premium by comparing it to observable control premiums from recent comparable transactions. If the implied control premium is not reasonable compared to these recent transactions, HP re-evaluates its reporting unit fair values, which may result in an adjustment to the discount rate and/or other assumptions. This re-evaluation could result in a change to the estimated fair value for certain or all reporting units.
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.
Loss 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.
v3.23.3
Segment Information
 12 Months Ended
Oct. 31, 2023
Segment Reporting [Abstract]  
Segment Information Segment Information
HP’s operations are organized into three reportable segments: Personal Systems, Printing, and Corporate Investments. HP’s organizational structure is based on many factors that the chief operating decision maker (“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 several metrics to evaluate the performance of the overall business, including earnings from operations, and uses these results to allocate resources to each of the segments.
Personal Systems groups its global business capabilities into the following business units when reporting business performance:
•Commercial PS consist of endpoint computing devices and hybrid systems, for use by enterprise, public sector (which includes education), and SMB customers, with a focus on robust designs, security, serviceability, connectivity, reliability and manageability in the customer’s environment. Additionally, HP offers a range of services and solutions to enterprise, public sector (which includes education), and SMB customers to help them manage the lifecycle of their personal computers (“PCs”) and mobility installed base. 
•Consumer PS consist of devices, accessories and services which are optimized for consumer usage, focusing on gaming, learning and working remotely, consuming multi-media for entertainment, managing personal life activities, staying connected, sharing information, getting things done for work including creating content and staying informed and secure.
Printing groups its global business capabilities into the following business units when reporting business performance:
•Commercial Printing consists of office printing solutions, graphics solutions and 3D printing and personalization, excluding supplies;
•Consumer Printing consists of home printing solutions, excluding supplies; and
•Supplies comprises a set of highly innovative consumable products, ranging from ink and laser cartridges to media, graphics supplies and 3D printing and digital manufacturing supplies, for recurring use in consumer and commercial hardware.
Corporate Investments includes certain business incubation and investment projects.
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 Russia exit charges.
Segment Operating Results from Operations and the reconciliation to HP consolidated results were as follows:
 For the fiscal years ended October 31
 202320222021
 In millions
Net revenue:   
Commercial PS$24,712 $29,616 $26,822 
Consumer PS
10,972 14,395 16,510 
Personal Systems35,684 44,011 43,332 
Supplies11,452 11,761 12,632 
Commercial Printing4,183 4,225 4,209 
Consumer Printing2,394 2,916 3,287 
Printing18,029 18,902 20,128 
Corporate Investments7 2 3 
Total segment net revenue53,720 62,915 63,463 
Other(2)(5)(3)
Total net revenue$53,718 $62,910 $63,460 
Earnings before taxes:  
Personal Systems$2,129 $2,761 $3,152 
Printing3,399 3,619 3,647 
Corporate Investments(142)(230)(96)
Total segment earnings from operations$5,386 $6,150 $6,703 
Corporate and unallocated costs and other(375)(461)(541)
Stock-based compensation expense(438)(343)(330)
Restructuring and other charges(527)(218)(251)
Acquisition and divestiture charges(240)(318)(68)
Amortization of intangible assets(350)(228)(154)
Russia exit charges— (23)— 
Interest and other, net(519)(235)2,209 
Total earnings before taxes$2,937 $4,324 $7,568 

Realignment
Effective the first quarter of fiscal 2023, HP realigned the Personal Systems business units reporting structure into Commercial PS and Consumer PS to align with its customer market segmentation. Additionally, in connection with certain other organizational realignments, some costs which were earlier reflected under “Corporate and unallocated cost and other”, have now been reclassified to the Personal Systems and Printing segments.
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
 20232022
 In millions
Personal Systems$18,791 $19,633 
Printing15,955 14,507 
Corporate Investments176 191 
Corporate and unallocated assets2,082 4,163 
Total assets$37,004 $38,494 
Major Customers
No single customer represented 10% or more of HP’s net revenue in any fiscal year presented.
Geographic Information
Net revenue by country is based upon the sales location that predominately represents the customer location. For each of the fiscal years of 2023, 2022 and 2021, other than the United States, no country represented more than 10% of HP net revenue.
Net revenue by country was as follows:
 For the fiscal years ended October 31
 202320222021
  In millions 
United States$18,829 $21,626 $22,420 
Other countries34,889 41,284 41,040 
Total net revenue$53,718 $62,910 $63,460 

Net property, plant and equipment by country in which HP operates was as follows:
 As of October 31
 20232022
 In millions
United States$1,351 $1,264 
Singapore341 329 
South Korea307 320 
Malaysia
287 265 
Other countries541 596 
Total property, plant and equipment, net$2,827 $2,774 
 
No single country other than those represented above exceeds 10% or more of HP’s total net property, plant and equipment in any fiscal year presented.
v3.23.3
Restructuring and Other Charges
 12 Months Ended
Oct. 31, 2023
Restructuring and Related Activities [Abstract]  
Restructuring and Other Charges Restructuring and Other Charges
Summary of Restructuring Plans

HP’s restructuring activities in fiscal years 2023, 2022 and 2021 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, 2020
$— $— $77 $77 
Charges— — 229 229 
Cash payments— — (182)(182)
Non-cash and other adjustments— — (34)(34)
Accrued balance as of October 31, 2021
— — 90 90 
Charges— — 193 193 
Cash payments— — (217)(217)
Non-cash and other adjustments— — (34)(34)
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 
Total costs incurred to date as of October 31, 2023
$402 $41 $866 $1,309 
Reflected in Consolidated Balance Sheets:
Other current liabilities$88 $6 $2 $96 
Other non-current liabilities$— $12 $— $12 
(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 2023 Plan
On November 18, 2022, HP’s Board of Directors approved the Future Ready Plan (the “Fiscal 2023 Plan”) intended to enable digital transformation, portfolio optimization and operational efficiency which HP expects will be implemented through fiscal 2025. 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 $1.0 billion, of which approximately $0.7 billion primarily in labor costs related to workforce reductions and the remaining costs will relate to non-labor actions 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 $83 million, $25 million and $22 million of other charges in fiscal year 2023, 2022 and 2021, respectively.
v3.23.3
Retirement and Post-Retirement Benefit Plans
 12 Months Ended
Oct. 31, 2023
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”). At October 31, 2023 and 2022,
the fair value of plan assets of the DPSP was $311 million and $366 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. 
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 $131 million in fiscal year 2023, $119 million in fiscal year 2022 and $112 million in fiscal year 2021.
U.S. employees are automatically enrolled in the HP Inc. 401(k) Plan when they meet eligibility requirements, unless they decline participation. The employer matching contributions in the HP Inc. 401(k) Plan is 100% of the first 4% of eligible compensation contributed by employees, and the employer match is vested after three years of employee service. Generally, an employee must be employed by HP Inc. on the last day of the calendar year to receive a match.
Pension and Post-Retirement Benefit Expense 
The components of HP’s pension and post-retirement benefit (credit) cost recognized in the Consolidated Statements of Earnings were as follows:
 For the fiscal years ended October 31
 202320222021202320222021202320222021
 U.S. Defined
Benefit Plans		Non-U.S. Defined
Benefit Plans		Post-Retirement
Benefit Plans
 In millions
Service cost$— $— $— $39 $56 $67 $1 $1 $1 
Interest cost217 161 281 41 22 18 15 8 9 
Expected return on plan assets(258)(298)(475)(53)(48)(49)(14)(9)(24)
Amortization and deferrals:      
Actuarial loss (gain)18 5 50 4 36 52 (16)(15)(16)
Prior service cost (credit)— — — 5 5 5 (11)(11)(11)
Net periodic benefit (credit) cost(23)(132)(144)36 71 93 (25)(26)(41)
Settlement (gain) loss— — (37)— — 1 — — — 
Special termination benefit cost105 — — — — — 34 — — 
Total periodic benefit (credit) cost$82 $(132)$(181)$36 $71 $94 $9 $(26)$(41)
The components of net periodic benefit (credit) cost other than the service cost component are included in Interest and other, net in our 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
 202320222021202320222021202320222021
 U.S. Defined
Benefit Plans		Non-U.S. Defined
Benefit Plans		Post-Retirement
Benefit Plans
Discount rate5.7 %2.9 %2.8 %3.5 %1.3 %1.1 %5.6 %2.5 %2.3 %
Expected increase in compensation levels2.0 %2.0 %2.0 %3.0 %2.6 %2.4 %— %— %— %
Expected long-term return on plan assets6.4 %5.1 %5.0 %5.4 %4.3 %4.4 %3.3 %2.0 %5.0 %
Guaranteed interest crediting rate
5.0 %5.0 %5.0 %2.6 %2.6 %2.6 %4.2 %2.9 %2.9 %
Funded Status
The funded status of the defined benefit and post-retirement benefit plans was as follows:
 As of October 31
 202320222023202220232022
 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$4,170 $6,060 $907 $1,211 $383 $457 
Actual return on plan assets(67)(1,711)8 (131)17 (49)
Employer contributions27 29 36 34 4 3 
Participant contributions— — 17 19 32 39 
Benefits paid(274)(204)(38)(21)(54)(67)
Settlement(3)(4)(33)(62)— — 
Currency impact— — 62 (143)— — 
Fair value of assets — end of year$3,853 $4,170 $959 $907 $382 $383 
Change in benefits obligation      
Projected benefit obligation — beginning of year$3,969 $5,740 $1,145 $1,726 $274 $354 
Acquisition of plan— — — 11 — — 
Service cost— — 39 56 1 1 
Interest cost217 161 41 22 15 8 
Participant contributions— — 17 19 32 39 
Actuarial gain(160)(1,724)(71)(420)(3)(61)
Benefits paid(274)(204)(38)(21)(54)(67)
Plan amendments— — 4 (5)— — 
Curtailment— — — — — — 
Settlement(3)(4)(33)(62)— — 
Special termination benefit cost105 — — — 34 — 
Currency impact— — 81 (181)— — 
Projected benefit obligation — end of year$3,854 $3,969 $1,185 $1,145 $299 $274 
Funded status at end of year$(1)$201 $(226)$(238)$83 $109 
Accumulated benefit obligation$3,854 $3,969 $1,088 $1,035 
The cumulative net actuarial losses for our defined pension plans and retiree welfare plans increased year over year. The increase in losses is primarily due to lower than expected returns on assets and plan experience. These loss increases were partially offset by gains due to increases in discount rates and lump sum interest rates and other assumption changes.
The weighted-average assumptions used to calculate the projected benefit obligations for the fiscal years ended October 31, 2023 and 2022 were as follows:
 For the fiscal years ended October 31
 202320222023202220232022
 U.S. Defined
Benefit Plans		Non-U.S. Defined
Benefit Plans		Post-Retirement
Benefit Plans
Discount rate6.2 %5.7 %3.9 %3.5 %6.0 %5.6 %
Expected increase in compensation levels2.0 %2.0 %3.0 %3.0 %— %— %
Guaranteed interest crediting rate5.5 %5.0 %2.6 %2.6 %5.4 %4.2 %
The net amounts of non-current assets and current and non-current 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
 202320222023202220232022
 U.S. Defined
Benefit Plans		Non-U.S. Defined
Benefit Plans		Post-Retirement
Benefit Plans
 In millions
Other non-current assets$266 $490 $40 $38 $87 $114 
Other current liabilities(31)(32)(22)(9)(3)(4)
Other non-current liabilities(236)(257)(244)(267)(1)(1)
Funded status at end of year$(1)$201 $(226)$(238)$83 $109 
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, 2023
 U.S. Defined
Benefit Plans		Non-U.S. Defined
Benefit Plans		Post-Retirement
Benefit Plans
 In millions
Net actuarial loss (gain)$556 $14 $(181)
Prior service cost (credit)— 44 (57)
Total recognized in Accumulated other comprehensive income (loss)$556 $58 $(238)
 
Defined benefit plans with projected benefit obligations exceeding the fair value of plan assets were as follows:
 As of October 31
 2023202220232022
 U.S. Defined
Benefit Plans		Non-U.S. Defined
Benefit Plans
 In millions
Aggregate fair value of plan assets$— $— $780 $728 
Aggregate projected benefit obligation$267 $289 $1,052 $996 
Defined benefit plans with accumulated benefit obligations exceeding the fair value of plan assets were as follows:
 As of October 31
 2023202220232022
 U.S. Defined
Benefit Plans		Non-U.S. Defined
Benefit Plans
 In millions
Aggregate fair value of plan assets$— $— $563 $538 
Aggregate accumulated benefit obligation$267 $289 $758 $733 

Fair Value of Plan Assets
The table below sets forth the fair value of plan assets by asset category within the fair value hierarchy as of October 31, 2023. Refer to Note 9, “Fair Value” for details on fair value hierarchy. Certain investments that are measured at fair value using the Net Asset Value (“NAV”) per share as a practical expedient have not been categorized in the fair value hierarchy.  The fair value amounts presented in this table provide a reconciliation of the fair value hierarchy to the total value of plan assets.
 As of October 31, 2023
 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)
$1 $28 $— $29 $8 $92 $— $100 $— $— $— $— 
Debt securities(2)
Corporate
— 1,855 — 1,855 — 17 — 17 — 214 — 214 
Government
— 1,208 — 1,208 — 55 — 55 — 100 — 100 
Insurance contracts— — — — — 67 — 67 — — — — 
Common collective trusts and 103-12 Investment entities(3)
— — — — — 8 — 8 — — — — 
Investment funds(4)
10 — — 10 — 292 — 292 67 — 67 
Cash and cash equivalents(5)
41 31 — 72 21 1 — 22 (1)— — (1)
Other(6)
(109)(147)— (256)— 89 — 89 — — — 
Net plan assets subject to leveling$(57)$2,975 $— $2,918 $29 $621 $— $650 $66 $314 $— $380 
Investments using NAV as a practical expedient(7)
935 309 2 
Investments at fair value$3,853 $959 $382 
     The table below sets forth the fair value of plan assets by asset category within the fair value hierarchy as of October 31, 2022.
 As of October 31, 2022
 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)
$14 $37 $— $51 $7 $82 $— $89 $— $— $— $— 
Debt securities(2)
Corporate
— 1,949 — 1,949 — 13 — 13 — 214 — 214 
Government
— 1,418 — 1,418 — 43 — 43 — 108 — 108 
Real estate funds— — — — 1 16 — 17 — — — — 
Insurance contracts— — — — — 72 — 72 — — — — 
Common collective trusts and 103-12 Investment entities(3)
— — — — — 7 — 7 — — — — 
Investment funds(4)
13 — — 13 — 260 — 260 68 — — 68 
Cash and cash equivalents(5)
40 54 — 94 37 — — 37 (5)— — (5)
Other(6)
(264)(230)— (494)11 75 — 86 (2)— — (2)
Net plan assets subject to leveling$(197)$3,228 $— $3,031 $56 $568 $— $624 $61 $322 $— $383 
Investments using NAV as a practical expedient(7)
1,139 283 — 
Investments at fair value$4,170 $907 $383 
(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:
2023 Target Allocation
Asset CategoryU.S. Defined Benefit PlansNon-U.S. Defined
Benefit Plans		Post-Retirement
Benefit Plans
Equity-related investments14.0 %34.9 %— %
Debt securities86.0 %30.6 %96.2 %
Real estate— %13.0 %— %
Cash and cash equivalents— %3.9 %3.8 %
Other— %17.6 %— %
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 will be paid from the plan for eligible electing EER participants. The retirement incentive benefit is 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 is providing 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
In fiscal year 2024, HP expects to contribute approximately $45 million to its 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 HP’s post-retirement benefit plans.
HP’s policy is to fund its pension plans so that it makes at least the minimum contribution required by local government, funding and taxing authorities.
Estimated Future Benefits Payments
As of October 31, 2023, 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
2024$326 $72 $39 
2025337 52 37 
2026338 55 32 
2027340 59 27 
2028343 46 26 
Next five fiscal years to October 31, 20331,597 370 126 
v3.23.3
Stock-Based Compensation
 12 Months Ended
Oct. 31, 2023
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
 202320222021
 In millions
Stock-based compensation expense$438 $343 $330 
Income tax benefit(72)(59)(52)
Stock-based compensation expense, net of tax $366 $284 $278 
Cash received from option exercises under the HP Inc 2004 Stock Incentive Plan, as amended and restated, and ESPP purchases under the HP Inc. 2011 Employee Stock Purchase Plan (the “2011 ESPP”) and HP Inc. 2021 Employee Stock Purchase Plan (the “2021 ESPP”) was $51 million in fiscal year 2023, $53 million in fiscal year 2022 and $55 million in fiscal year 2021. The benefit realized for the tax deduction from option exercises in fiscal years 2023, 2022 and 2021 was $2 million, $4 million and $3 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. The aggregate number of shares of HP’s stock authorized for issuance under the principal equity plan is 623.1 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.
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
 202320222021
Expected volatility(1)
44.4 %41.6 %41.0 %
Risk-free interest rate(2)
4.0 %1.0 %0.2 %
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
 202320222021
 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 year28,688 $30 30,197 $23 29,831 $21 
Granted(1)
18,500 $31 15,337 $36 15,517 $25 
Vested(15,291)$29 (14,168)$22 (13,374)$21 
Forfeited(1,688)$31 (2,678)$25 (1,777)$22 
Outstanding at end of year30,209 $31 28,688 $30 30,197 $23 
The total grant date fair value of restricted stock units vested in fiscal years 2023, 2022 and 2021 was $442 million, $314 million and $278 million, respectively. As of October 31, 2023, total unrecognized pre-tax stock-based compensation expense related to non-vested restricted stock units was $403 million, which is expected to be recognized over the remaining weighted-average vesting period of 1.4 years.
Stock Options
HP utilizes the Black-Scholes-Merton option pricing formula to estimate the fair value of stock options subject to service-based vesting conditions. HP estimates the fair value of stock options subject to performance-contingent vesting conditions using a combination of a Monte Carlo simulation model and a lattice model as these awards contain market conditions. The weighted-average fair value and the assumptions used to measure fair value were as follows:
 For the fiscal years ended October 31
 202320222021
Weighted-average fair value(1)
$9 $11 $6 
Expected volatility(2)
36.9 %34.7 %35.9 %
Risk-free interest rate(3)
3.4 %1.5 %1.0 %
Expected dividend yield(4)
3.5 %2.7 %3.2 %
Expected term in years(5)
5.86.05.5
(1)The weighted-average fair value was based on stock options granted during the period.
(2)Expected volatility was estimated based on a blended volatility (50% historical volatility and 50% implied volatility from traded options on HP’s common stock).
(3)The risk-free interest rate was estimated based on the yield on U.S. Treasury zero-coupon issues.
(4)The expected dividend yield represents a constant dividend yield applied for the duration of the expected term of the award.
(5)For awards subject to service-based vesting, the expected term was estimated using a simplified method; and for performance-contingent awards, the expected term represents an output from the lattice model.

A summary of stock options activity is as follows:
 As of October 31
 202320222021
 SharesWeighted-
Average
Exercise
Price		Weighted-
Average
Remaining
Contractual
Term		Aggregate
Intrinsic
Value		SharesWeighted-
Average
Exercise
Price		Weighted-
Average
Remaining
Contractual
Term		Aggregate
Intrinsic
Value		SharesWeighted-
Average
Exercise
Price		Weighted-
Average
Remaining
Contractual
Term		Aggregate
Intrinsic
Value
 In
thousands		 In yearsIn
millions		In
thousands		 In yearsIn
millions		In
thousands		 In yearsIn
millions
Outstanding at beginning of year6,095 $26   6,367 $21   5,637 $17   
Granted2,180 $28   1,867 $37   2,691 $24   
Exercised(1,071)$17   (1,364)$18   (1,843)$15   
Forfeited/cancelled/expired(325)$33   (775)$26   (118)$18   
Outstanding at end of year6,879 $27 7.4$19 6,095 $26 7.2$34 6,367 $21 7.4$68 
Vested and expected to vest6,527 $27 7.4$19 5,903 $25 7.2$34 6,367 $21 7.4$68 
Exercisable2,636 $20 5.8$17 2,749 $18 6.0$26 2,392 $16 5.3$34 
The aggregate intrinsic value in the table above represents the total pre-tax intrinsic value that option holders would have realized had all option holders exercised their options on the last trading day of fiscal years 2023, 2022 and 2021. The aggregate intrinsic value is the difference between HP’s closing stock price on the last trading day of the fiscal year and the exercise price, multiplied by the number of in-the-money options. The total intrinsic value of options exercised in fiscal years 2023, 2022 and 2021 was $13 millions, $25 million and $18 million, respectively. The total grant date fair value of options vested in fiscal years 2023, 2022 and 2021 was $10 million, $9 million and $3 million, respectively.
As of October 31, 2023, total unrecognized pre-tax stock-based compensation expense related to stock options was $10 million, which is expected to be recognized over a 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. The 2021 ESPP came into effect on May 1, 2021 upon expiry of the 2011 ESPP. The 2021 ESPP terms are similar to the previous ESPP.
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
 202320222021
 In thousands
Shares available for future grant133,033 174,264 170,123 
Shares reserved for future issuance169,503 208,351 205,968 
v3.23.3
Taxes on Earnings
 12 Months Ended
Oct. 31, 2023
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
h202320222021
 In millions
U.S.$650 $1,406 $4,724 
Non-U.S.2,287 2,918 2,844 
 $2,937 $4,324 $7,568 
The provision for (benefit from) taxes on earnings was as follows:
 For the fiscal years ended October 31
 202320222021
 In millions
U.S. federal taxes:   
Current$226 $272 $1,112 
Deferred(549)27 (458)
Non-U.S. taxes:   
Current337 338 420 
Deferred(305)503 (173)
State taxes:   
Current42 9 78 
Deferred(77)43 48 
 $(326)$1,192 $1,027 
 
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
 202320222021
U.S. federal statutory income tax rate from continuing operations21.0 %21.0 %21.0 %
State income taxes, net of federal tax benefit1.7 %1.3 %0.9 %
Impact of foreign earnings including GILTI and FDII, net(1.4)%(7.9)%(3.9)%
Valuation allowances(7.3)%0.3 %(3.5)%
Uncertain tax positions and audit settlements3.2 %2.8 %0.9 %
Impact of internal reorganization(27.4)%9.4 %(1.2)%
Other, net(0.9)%0.7 %(0.6)%
 (11.1)%27.6 %13.6 %
 
The jurisdictions with favorable tax rates that have the most significant effective tax rate impact in the periods presented include Singapore, Malaysia, and Puerto Rico. HP has elected to treat GILTI inclusions as period costs.
In fiscal year 2023, HP recorded $1.1 billion of net income tax benefits related to discrete 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. In fiscal year 2023, excess tax benefits associated with stock options, restricted stock units and performance-adjusted restricted stock units were immaterial.
In fiscal year 2022, HP recorded $456 million of net income tax charges related to discrete items in the provision for taxes. This amount included $649 million of tax effects related to internal reorganization, $107 million of uncertain tax position charges,
$55 million related to withholding taxes on undistributed foreign earnings, $51 million related to audit settlements in various jurisdictions and $26 million of other net tax charges. These charges were partially offset by income tax benefits of $189 million related to the filing of tax returns in various jurisdictions, $156 million related to changes in valuation allowances, $44 million related to restructuring charges, and $43 million related to Poly acquisition charges. In fiscal year 2022, HP recorded excess tax benefits of $33 million associated with stock options, restricted stock units and performance-adjusted restricted stock.
In fiscal year 2021, HP recorded $4 million of net income tax charges related to discrete items in the provision for taxes. This amount included income tax charges of $533 million related to the Oracle litigation proceeds and $15 million of uncertain tax position charges. These charges were offset by income tax benefits of $368 million related to changes in valuation allowances, $89 million of tax effects related to internal reorganization, $51 million related to restructuring charges, $16 million related to the filing of tax returns in various jurisdictions, $11 million related to acquisition charges, and $9 million of other net tax benefits. In fiscal year 2021, excess tax benefits associated with stock options, restricted stock units and performance-adjusted restricted stock units were immaterial.
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 $190 million ($0.19 diluted net EPS) in fiscal year 2023, $313 million ($0.30 diluted net EPS) in fiscal year 2022 and $385 million ($0.32 diluted net EPS) in fiscal year 2021.
Uncertain Tax Positions
A reconciliation of unrecognized tax benefits is as follows:
 For the fiscal years ended October 31
 202320222021
 In millions
Balance at beginning of year$1,045 $829 $830 
Increases:  
For current year’s tax positions61 26 62 
For prior years’ tax positions186 299 92 
Decreases:  
For prior years’ tax positions(35)(60)(92)
Statute of limitations expirations(8)(5)(9)
Settlements with taxing authorities(112)(44)(54)
Balance at end of year$1,137 $1,045 $829 
 
As of October 31, 2023, the amount of gross unrecognized tax benefits was $1.1 billion, of which up to $815 million would affect HP’s effective tax rate if realized. Total gross unrecognized tax benefits increased by $92 million for the twelve months ended October 31, 2023. 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, 2023, 2022 and 2021, HP had accrued $102 million, $64 million and $70 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 $54 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 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, 2023.
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, 2023 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
 20232022
 In millions
Deferred tax assets:
Loss and credit carryforwards$7,194 $7,601 
Intercompany transactions—excluding inventory540 799 
Fixed assets110 118 
Warranty124 170 
Employee and retiree benefits232 133 
Deferred revenue250 221 
Capitalized research and development821 654 
Operating lease liabilities242 238 
Investment in partnership703 70 
Other469 352 
Gross deferred tax assets10,685 10,356 
Valuation allowances(6,994)(7,592)
Total deferred tax assets3,691 2,764 
Deferred tax liabilities:
Unremitted earnings of foreign subsidiaries(88)(75)
Right-of-use assets from operating leases(223)(227)
Intangible assets(205)(261)
Cash flow hedges(64)(155)
Total deferred tax liabilities(580)(718)
Net deferred tax assets$3,111 $2,046 
Deferred tax assets and liabilities included in the Consolidated Balance Sheets as follows:
 As of October 31
 20232022
 In millions
Deferred tax assets$3,155 $2,167 
Deferred tax liabilities(44)(121)
Total$3,111 $2,046 
 As of October 31, 2023, 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$73 $15 $(4)2024
State2,313 138 (47)2024
Foreign24,925 6,895 (6,494)2028
Balance at end of year$27,311 $7,048 $(6,545)

As of October 31, 2023, 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$324 $(51)2024
Balance at end of year$324 $(51) 
 
Deferred Tax Asset Valuation Allowance
 
The deferred tax asset valuation allowance and changes were as follows:
 For the fiscal years ended October 31
 202320222021
 In millions
Balance at beginning of year$7,592 $7,749 $7,951 
Income tax (benefit) expense (650)(274)(168)
Goodwill, other comprehensive loss (income), currency translation and charges to other accounts52 117 (34)
Balance at end of year$6,994 $7,592 $7,749 
 
Gross deferred tax assets as of October 31, 2023, 2022, and 2021 were reduced by valuation allowances of $7.0 billion, $7.6 billion and $7.7 billion, respectively. 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. In fiscal year 2022, the deferred tax asset valuation allowance decreased by $157 million primarily due to foreign net operating losses, U.S. deferred tax assets that are anticipated to be realized at a lower effective tax rate than the federal statutory tax rate, and the impact of the acquisition of Poly on the company’s deferred tax assets. In fiscal year 2021, the deferred tax asset valuation allowance decreased by $202 million primarily due to foreign net operating losses and U.S. deferred tax assets that are anticipated to be realized at a lower effective rate due to certain future U.S. international tax reform implications.
v3.23.3
Supplementary Financial Information
 12 Months Ended
Oct. 31, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Supplementary Financial Information Supplementary Financial Information
Cash, cash equivalents and restricted cash

 As of October 31
 20232022
 In millions
Cash and cash equivalents$3,107 $3,145 
Restricted cash(1)
125 — 
$3,232 $3,145 
(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
 202320222021
 In millions
Balance at beginning of period$107 $111 $122 
Current-period allowance for credit losses(2)7 5 
Deductions, net of recoveries(12)(11)(16)
Balance at end of period$93 $107 $111 
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 derecognized 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, 2023 and 2022 were not material.
The following is a summary of the activity under these arrangements:
 For the fiscal years ended October 31
 202320222021
 In millions
Balance at beginning of year (1)
$185 $131 $188 
Trade receivables sold13,391 12,028 11,976 
Cash receipts(13,449)(11,942)(12,035)
Foreign currency and other14 (32)2 
Balance at end of year (1)
$141 $185 $131 
(1) Amounts outstanding from third parties reported in Accounts Receivable in the Consolidated Balance Sheets.
Inventory
 As of October 31
 20232022
 In millions
Finished goods$3,930 $4,885 
Purchased parts and fabricated assemblies2,932 2,729 
$6,862 $7,614 

Other Current Assets
As of October 31
 20232022
 In millions
Prepaid and other current assets$1,445 $2,086 
Supplier and other receivables1,349 1,377 
Value-added taxes receivable852 968 
$3,646 $4,431 

Property, Plant and Equipment, Net
 As of October 31
 20232022
 In millions
Land, buildings and leasehold improvements$2,332 $2,255 
Machinery and equipment, including equipment held for lease5,384 5,337 
7,716 7,592 
Accumulated depreciation(4,889)(4,818)
$2,827 $2,774 
Depreciation expense was $491 million, $542 million and $627 million in fiscal years 2023, 2022 and 2021, respectively.
Other Non-Current Assets
 As of October 31
 20232022
 In millions
Deferred tax assets(1)
$3,155 $2,167 
Intangible assets(2)
1,593 1,933 
Right-of-use assets(3)
1,188 1,236 
Deposits and prepaid427 474 
Prepaid pension and post-retirement benefit assets(4)
393 642 
Other853 991 
 $7,609 $7,443 
(1)See Note 6, “Taxes on Earnings” for detailed information.
(2)See Note 8, “Goodwill and Intangible Assets” for detailed information.
(3)See Note 17, “Leases” for detailed information.
(4)See Note 4, “Retirement and Post-Retirement Benefit Plans” for detailed information.
Other Current Liabilities
 As of October 31
 20232022
 In millions
Sales and marketing programs$3,053 $2,984 
Deferred revenue1,424 1,393 
Employee compensation and benefit1,046 954 
Other accrued taxes994 1,064 
Warranty569 619 
Operating lease liabilities(1)
430 405 
Tax liability217 286 
Other2,479 2,963 
 $10,212 $10,668 
(1)See Note 17, “Leases” for detailed information.

Other Non-Current Liabilities
 As of October 31
 20232022
 In millions
Deferred revenue$1,324 $1,171 
Tax liability904 911 
Operating lease liabilities(1)
825 875 
Pension, post-retirement, and post-employment liabilities(2)
545 600 
Deferred tax liability44 121 
Other689 856 
 $4,331 $4,534 
(1)See Note 17, “Leases” for detailed information.
(2)See Note 4, “Retirement and Post-Retirement Benefit Plans” for detailed information.

Interest and Other, Net
 For the fiscal years ended October 31
 202320222021
 In millions
Interest expense on borrowings$(548)$(359)$(254)
Factoring costs(1)
(136)— — 
Net gain (loss) on debt extinguishment107 — (16)
Non-operating retirement-related credits51 144 160 
Oracle litigation proceeds
— — 2,304 
Defined benefit plan settlement gains (charges)— — 37 
Tax indemnifications— (1)— 
Other, net7 (19)(22)
 $(519)$(235)$2,209 
(1)Factoring costs for fiscal year 2022 and 2021 were included in Selling, general and administrative and were not material.
Net Revenue by Region
 For the fiscal years ended October 31
 202320222021
 In millions
Americas$23,095 $26,544 $27,491 
Europe, Middle East and Africa17,819 21,300 22,216 
Asia-Pacific and Japan12,804 15,066 13,753 
Total net revenue$53,718 $62,910 $63,460 

Value of Remaining Performance Obligations
As of October 31, 2023, the estimated value of transaction price allocated to remaining performance obligations was $3.7 billion. HP expects to recognize approximately $1.7 billion of the unearned amount in next 12 months and $2.0 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, 2023, deferred contract fulfillment and acquisition costs balances were $35 million and $44 million, respectively, included in Other Current Assets and Other Non-Current Assets in the Consolidated Balance Sheets. During the fiscal year ended October 31, 2023, the Company amortized $88 million of these costs.
As of October 31, 2022, deferred contract fulfillment and acquisition costs balances were $34 million and $34 million, respectively, included in Other Current Assets and Other Non-Current Assets in the Consolidated Balance Sheets. During the fiscal year ended October 31, 2022, the Company amortized $129 million of these costs.
Contract Liabilities
As of October 31, 2023 and 2022, HP’s contract liabilities balances were $2.7 billion and $2.5 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 the fiscal year 2023 was primarily driven by sales of fixed-price support and maintenance services partially offset by $1.3 billion of revenue recognized that were included in the contract liabilities balance as of October 31, 2022.
As of October 31, 2022 and 2021, HP’s contract liabilities balances were $2.5 billion and $2.3 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 the fiscal year 2022 was primarily driven by sales of fixed-price support and maintenance services and Poly acquisition, partially offset by $1.1 billion of revenue recognized that were included in the contract liabilities balance as of October 31, 2021.
v3.23.3
Goodwill and Intangible Assets
 12 Months Ended
Oct. 31, 2023
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 at October 31, 2021(1)
$2,905 $3,796 $102 $6,803 
Acquisitions/adjustments1,790 — 16 1,806 
Foreign currency translation— (68)— (68)
Balance at October 31, 2022(1)
4,695 3,728 118 8,541 
Acquisitions/adjustments27 4 — 31 
Foreign currency translation — 19 — 19 
Balance at October 31, 2023(1)
$4,722 $3,751 $118 $8,591 
(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, 2023, our reporting units are consistent with the reportable segments identified in Note 2, “Segment Information”. In the fourth quarter of fiscal 2023, HP performed a quantitative test as of August 1, 2023 and concluded that there was no goodwill impairment. There were no goodwill impairments in fiscal years 2022 and 2021. Personal Systems had a negative carrying amount of net assets as of October 31, 2023, 2022 and 2021 primarily as a result of a favorable cash conversion cycle.
Intangible Assets
HP’s acquired intangible assets were composed of:
As of October 31, 2023As of October 31, 2022
GrossAccumulated AmortizationNetGrossAccumulated AmortizationNet
In millions
Customer contracts, customer lists and distribution agreements$827 $369 $458 $815 $283 $532 
Technology and patents 1,763 785 978 1,763 551 1,212 
Trade name and trademarks215 58 157 214 25 189 
Total intangible assets$2,805 $1,212 $1,593 $2,792 $859 $1,933 

As of October 31, 2023, estimated future amortization expense related to intangible assets was as follows:
Fiscal yearIn millions
2024$317 
2025247 
2026238 
2027233 
2028182 
Thereafter376 
Total$1,593 
v3.23.3
Fair Value
 12 Months Ended
Oct. 31, 2023
Fair Value Disclosures [Abstract]  
Fair Value Fair Value
Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability (an exit price) in an orderly transaction between market participants at the measurement date. 
Fair Value Hierarchy
HP uses valuation techniques that are based upon observable and unobservable inputs. Observable inputs are developed using market data such as publicly available information and reflect the assumptions market participants would use, while unobservable
inputs are developed using the best information available about the assumptions market participants would use. Assets and liabilities are classified in the fair value hierarchy based on the lowest level input that is significant to the fair value measurement:
Level 1—Quoted prices (unadjusted) in active markets for identical assets or liabilities.
Level 2—Quoted prices for similar assets or liabilities in active markets, quoted prices for identical or similar assets or liabilities in markets that are not active, inputs other than quoted prices that are observable for the asset or liability and market-corroborated inputs.
Level 3—Unobservable inputs for the asset or liability.
The fair value hierarchy gives the highest priority to observable inputs and lowest priority to unobservable inputs.
The following table presents HP’s assets and liabilities that are measured at fair value on a recurring basis:
 As of October 31, 2023As of October 31, 2022
 Fair Value Measured Using Fair Value Measured Using 
 Level 1Level 2Level 3TotalLevel 1Level 2Level 3Total
 In millions
Assets:
Cash Equivalents
Corporate debt$— $589 $— $589 $— $904 $— $904 
Government debt(1)
1,900 — — 1,900 1,289 — — 1,289 
Available-for-Sale Investments
Financial institution instruments— 3 — 3 — 5 — 5 
Marketable securities and mutual funds33 45 — 78 17 41 — 58 
Derivative Instruments
Foreign currency contracts— 489 — 489 — 1,088 — 1,088 
Other derivatives— — — — — 2 — 2 
Total assets$1,933 $1,126 $— $3,059 $1,306 $2,040 $— $3,346 
Liabilities:
Derivative Instruments
Interest rate contracts$— $58 $— $58 $— $78 $— $78 
Foreign currency contracts— 212 — 212 — 295 — 295 
Other derivatives— 2 — 2 — 1 — 1 
Total liabilities$— $272 $— $272 $— $374 $— $374 
(1)    Government debt includes instruments such as U.S. treasury notes, U.S. agency securities and non-U.S. government bonds. Money market funds invested in government debt and traded in active markets are included in Level 1.
Valuation Techniques 
Cash Equivalents and Investments: HP holds time deposits, 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 $8.5 billion as compared to its carrying amount of $9.5 billion at October 31, 2023. The fair value of HP’s short- and long-term debt was $9.6 billion as compared to its carrying value of $11.0 billion at October 31, 2022. 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 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.
v3.23.3
Financial Instruments
 12 Months Ended
Oct. 31, 2023
Investments, All Other Investments [Abstract]  
Financial Instruments Financial Instruments
Cash Equivalents and Available-for-Sale Investments
 As of October 31, 2023As of October 31, 2022
 CostGross
Unrealized
Gain		Gross
Unrealized
Loss		Fair
Value		CostGross
Unrealized
Gain		Gross
Unrealized
Loss		Fair
Value
 In millions
Cash Equivalents:        
Corporate debt$589 $— $— $589 $904 $— $— $904 
Government debt1,900 — — 1,900 1,289 — — 1,289 
Total cash equivalents2,489 — — 2,489 2,193 — — 2,193 
Available-for-Sale Investments:
Financial institution instruments3 — — 3 5 — — 5 
Marketable securities and mutual funds40 38 — 78 50 8 — 58 
Total available-for-sale investments43 38 — 81 55 8 — 63 
Total cash equivalents and available-for-sale investments$2,532 $38 $— $2,570 $2,248 $8 $— $2,256 
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, 2023 and 2022, 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 $67 million in fiscal year 2023, $46 million in fiscal year 2022, and $31 million in fiscal year 2021. 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, 2023
 Amortized
Cost		Fair Value
 In millions
Due in one year$3 $3 

Non-marketable equity securities in privately held companies are included in Other non-current assets in the Consolidated Balance Sheets. These amounted to $111 million and $110 million as of October 31, 2023 and 2022, 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 the fiscal year 2023.
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 aggregate derivative fair values exceed contractually established thresholds which are generally based on the credit ratings of HP and its counterparties. If HP’s or the counterparty’s credit rating falls below a specified credit rating, either party has the right to request full collateralization of the derivatives’ net liability position. 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 $91 million and $82 million as of October 31, 2023 and 2022, 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, 2023 and 2022.
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 net revenue, cost of 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 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 2023 and 2022, 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, 2023As of October 31, 2022
 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$750 $— $— $— $58 $750 $— $— $— $78 
Cash flow hedges:         
Foreign currency contracts15,278 410 70 147 52 16,014 820 256 206 72 
Total derivatives designated as hedging instruments16,028 410 70 147 110 16,764 820 256 206 150 
Derivatives not designated as hedging instruments          
Foreign currency contracts4,446 9 — 13 — 4,554 12 — 17 — 
Other derivatives125 — — 2 — 122 2 — 1 — 
Total derivatives not designated as hedging instruments4,571 9 — 15 — 4,676 14 — 18 — 
Total derivatives$20,599 $419 $70 $162 $110 $21,440 $834 $256 $224 $150 

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, 2023 and 2022, 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, 2023       
Derivative assets$489 $— $489 $178 $291 (1)$20 
Derivative liabilities$272 $— $272 $178 $89 (2)$5 
As of October 31, 2022       
Derivative assets$1,090 $— $1,090 $290 $616 (1)$184 
Derivative liabilities$374 $— $374 $290 $86 (2)$(2)
(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 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 31Total amounts of income/(expense) line items in the statement of financial performance in which the effects of fair value hedges are recordedGain/(loss) recognized in earnings on derivative instrumentsGain/(loss) recognized in earnings on hedged item
    In millions
Interest rate contractsFixed-rate debtInterest and other, net2023$(519)$20 $(20)
2022$(235)$(62)$62 
2021$2,209 $(17)$17 
The pre-tax effect of derivative instruments in cash flow hedging relationships included in Accumulated other comprehensive income (loss) was as follows:
For the fiscal years ended October 31
 202320222021
 In millions
Gain/(loss) recognized in Accumulated other comprehensive income (loss) on derivatives:
Foreign currency contracts$(427)$1,456 $(117)
Interest rate contracts$— $85 $(15)
The pre-tax effect of derivative instruments in cash flow hedging relationships included in earnings were as follows:
Total amounts of income/ (expense) line items in the statement of financial performance in which the effects of cash flow hedges are recordedGain/ (loss) reclassified from Accumulated other comprehensive loss into earnings
For the fiscal years ended October 31For the fiscal years ended October 31
202320222021202320222021
In millionsIn millions
Net revenue$53,718 $62,910 $63,460 $243 $877 $(214)
Cost of revenue(42,210)(50,647)(50,053)(167)(101)(30)
Operating expenses(8,052)(7,704)(8,048)(4)(1)1 
Interest and other, net(519)(235)2,209 12 4 — 
Total$84 $779 $(243)
As of October 31, 2023, HP expects to reclassify an estimated accumulated other comprehensive gain of approximately $178 million, net of taxes, to earnings within the next twelve months associated with cash flow hedges along with the earnings effects of the related forecasted transactions. The amounts ultimately reclassified into earnings could be different from the amounts previously included in Accumulated other comprehensive income (loss) based on the change of market rate, and therefore could have different impact on earnings.
The pre-tax effect of derivative instruments not designated as hedging instruments recognized in Interest and other, net in the Consolidated Statements of Earnings for fiscal years 2023, 2022 and 2021 was as follows:
 Gain/(loss) recognized in earnings on derivative instrument
 Location202320222021
  In millions
Foreign currency contractsInterest and other, net$(65)$41 $(65)
Other derivativesInterest and other, net(3)(4)8 
Total $(68)$37 $(57)
v3.23.3
Borrowings
 12 Months Ended
Oct. 31, 2023
Debt Disclosure [Abstract]  
Borrowings Borrowings
 
Notes Payable and Short-Term Borrowings
 As of October 31
 20232022
 Amount
Outstanding		Weighted-Average
Interest Rate		Amount
Outstanding		Weighted-Average
Interest Rate
 In millions
Current portion of long-term debt179 6.0 %165 5.4 %
Notes payable to banks, lines of credit and other51 1.0 %53 0.6 %
 $230  $218  
Long-Term Debt
 As of October 31
 20232022
 In millions
U.S. Dollar Global Notes(1)
  
$1,200 issued at discount to par at a price of 99.863% at 6.0%, due September 2041
1,199 1,199 
$1,150 issued at discount to par at a price of 99.769% at 2.2%, due June 2025
1,149 1,149 
$1,000 issued at discount to par at a price of 99.718% at 3.0%, due June 2027
999 997 
$850 issued at discount to par at a price of 99.790% at 3.4%, due June 2030(4)
503 848 
$1,000 issued at discount to par at a price of 99.808% at 1.45%, due June 2026(4)
521 999 
$1,000 issued at discount to par at a price of 99.573% at 2.65%, due June 2031(2)
997 996 
$1,000 issued at discount to par at a price of 99.767% at 4.00%, due April 2029
999 999 
$1,000 issued at discount to par at a price of 99.966% at 4.20%, due April 2032(4)
676 1,000 
$900 issued at discount to par at a price of 99.841% at 4.75%, due January 2028
899 899 
$1,100 issued at discount to par at a price of 99.725% at 5.50%, due January 2033
1,097 1,097 
$500 issued at par at a price of 100% at 4.75%, due March 2029(3)
3 500 
 9,042 10,683 
Other borrowings at 1.58%-8.30%, due in fiscal years 2024-2031
506 436 
Fair value adjustment related to hedged debt(58)(78)
Unamortized debt issuance cost(57)(80)
Current portion of long-term debt(179)(165)
Total long-term debt$9,254 $10,796 
(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)HP intends to allocate an amount equal to the net proceeds to finance or refinance, in whole or in part, environmentally and socially responsible eligible projects in the following eight areas: renewable energy; green buildings; energy efficiency; clean transportation; pollution prevention and control; eco-efficient and/or circular economy products, production technologies and processes; environmentally sustainable management of living natural resources and land use; and socioeconomic advancement and empowerment.
(3)During the twelve months ended October 31, 2023, HP repurchased or redeemed and settled $497 million of the March 2029 Notes related to the August 2022 Poly acquisition.
(4)During the twelve months ended October 31, 2023, HP repurchased and settled $1.15 billion in aggregate principal amount of various Global Notes.

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, 2023, aggregate future maturities of debt at face value (excluding unamortized debt issuance cost of $57 million, discounts on debt issuance of $13 million, and fair value adjustment related to hedged debt of $58 million), including other borrowings were as follows: 
Fiscal yearIn millions
2024$230 
20251,306 
2026631 
20271,049 
2028913 
Thereafter5,483 
Total$9,612 
Extinguishment of Debt
In July 2023, HP commenced and completed a tender offer to purchase approximately $1.15 billion in aggregate principal amount of its outstanding US Dollar 1.45% Global Notes due June 17, 2026, 3.40% Global Notes due June 17, 2030 and 4.20% Global Notes due April 15, 2032. This extinguishment of debt resulted in a net gain of $115 million, which was recorded within Interest and other, net on the Consolidated Statements of Earnings. Additionally during fiscal year 2023, HP repurchased or redeemed and settled $497 million of the March 2029 Notes related to the August 2022 Poly acquisition. This extinguishment of debt resulted in a net loss of $8 million, which was also recorded within Interest and other, net on the Consolidated Statement of Earnings.
Commercial Paper
As of October 31, 2023, 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, 2023 and October 31, 2022, no commercial paper were outstanding under the program.
Credit Facilities
As of October 31, 2023, HP maintained a $5.0 billion sustainability-linked senior unsecured committed revolving credit facility, which HP entered into on May 26, 2021, and a $1.0 billion senior unsecured committed 364-day revolving credit facility, which HP entered into in March 2023. Commitments under the $5.0 billion revolving credit facility will be available until May 26, 2026 and commitments under the $1.0 billion 364-day revolving credit facility will be available until March 19, 2024. Commitment fees, interest rates and other terms of borrowing under the revolving credit facilities vary based on HP’s external credit ratings and, for the $5.0 billion facility, certain sustainability metrics. Funds borrowed under the revolving credit facilities may be used for general corporate purposes.
As of October 31, 2023, HP was in compliance with the covenants in the credit agreements governing the revolving credit facilities.
Available Borrowing Resources
As of October 31, 2023, HP had available borrowing resources of $1.2 billion from uncommitted lines of credit in addition to the full capacity of the revolving credit facilities.
v3.23.3
Stockholders’ Deficit
 12 Months Ended
Oct. 31, 2023
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 2023, HP executed share repurchases of 3.6 million shares and settled total shares for $0.1 billion. In fiscal year 2022, HP executed share repurchases of 124.0 million shares and settled total shares for $4.3 billion. In fiscal year 2021, HP executed share repurchases of 224.0 million shares and settled total shares for $6.3 billion. Share repurchases executed during fiscal year 2021 included 1.6 million shares settled in November 2021.
The shares repurchased in fiscal years 2023, 2022 and 2021 were all open market repurchase transactions. As of October 31, 2023, HP had approximately $2.0 billion remaining under the share repurchase authorizations approved by HP’s Board of Directors.
Taxes related to Other Comprehensive (Loss) Income
 For the fiscal years ended October 31
 202320222021
 In millions
Tax effect on change in unrealized components of available-for-sale debt securities:   
Tax (provision) benefit on unrealized gains (losses) arising during the period
$(1)$2 $(1)
 
Tax effect on change in unrealized components of cash flow hedges:  
Tax benefit (provision) on unrealized (losses) gains arising during the period
75 (328)(9)
Tax provision (benefit) on (gains) losses reclassified into earnings18 195 (17)
 93 (133)(26)
Tax effect on change in unrealized components of defined benefit plans:  
Tax benefit (provision) on (losses) gains arising during the period
26 26 (183)
Tax benefit on amortization of actuarial loss and prior service benefit1 (6)(17)
Tax (provision) benefit on curtailments, settlements and other— (1)9 
 27 19 (191)
Tax effect on change in cumulative translation adjustment— 3 (1)
Tax benefit (provision) on other comprehensive income (loss)
$119 $(109)$(219)
 
Changes and reclassifications related to Other Comprehensive (Loss) Income, net of taxes
 For the year ended October 31
 202320222021
 In millions
Other comprehensive (loss) income, net of taxes:
   
Change in unrealized components of available-for-sale debt securities:   
Unrealized gains (losses) arising during the period
$1 $(9)$4 
 
Change in unrealized components of cash flow hedges:   
Unrealized (losses) gains arising during the period
(352)1,213 (141)
(Gains) losses reclassified into earnings(66)(584)226 
 (418)629 85 
Change in unrealized components of defined benefit plans:   
(Losses) gains arising during the period
(115)(28)846 
Amortization of actuarial loss and prior service benefit(1)
1 14 63 
Curtailments, settlements and other— (1)(27)
 (114)(15)882 
Change in cumulative translation adjustment23 (75)27 
Other comprehensive (loss) income, net of taxes
$(508)$530 $998 
(1)These components are included in the computation of net pension and post-retirement benefit (credit) charges in Note 4, “Retirement and Post-Retirement Benefit Plans”.
The components of Accumulated other comprehensive (loss) income, net of taxes as of October 31, 2023 and changes during fiscal year 2023 were as follows:
 Net unrealized gains on available-for-sale securitiesNet unrealized gains (losses) on cash flow hedgesUnrealized components of defined benefit plansChange in cumulative translation adjustmentAccumulated other comprehensive loss
 In millions
Balance at beginning of period$6 $648 $(323)$(46)$285 
Other comprehensive gains (losses) before reclassifications
1 (352)(115)23 (443)
Reclassifications of (losses) gains into earnings
— (66)1 — (65)
Balance at end of period$7 $230 $(437)$(23)$(223)
v3.23.3
Earnings Per Share
 12 Months Ended
Oct. 31, 2023
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
 202320222021
 In millions, except per share amounts
Numerator:   
Net earnings$3,263 $3,132 $6,541 
Denominator:   
Weighted-average shares used to compute basic net EPS992 1,038 1,208 
Dilutive effect of employee stock plans8 12 12 
Weighted-average shares used to compute diluted net EPS1,000 1,050 1,220 
Net earnings per share:   
Basic$3.29 $3.02 $5.41 
Diluted$3.26 $2.98 $5.36 
Anti-dilutive weighted-average stock-based compensation awards(1)
4 4 2 
    
(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 unrecognized compensation cost.
v3.23.3
Litigation and Contingencies
 12 Months Ended
Oct. 31, 2023
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, 2023, 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.
Forsyth, et al. v. HP Inc. and Hewlett Packard Enterprise. This is a purported class and collective action filed on August 18, 2016 in the United States District Court, Northern District of California, against HP and Hewlett Packard Enterprise (“HPE”) alleging the defendants violated federal and state law by terminating older workers and replacing them with younger workers. In their most recent complaint, plaintiffs seek to represent (1) a putative nationwide federal Age Discrimination in Employment Act (ADEA) collective comprised of all former HP Inc. employees 40 years of age and older who had their employment terminated under a WFR plan in or after 2014 or 2015, depending on state law; and (2) a putative Rule 23 class under California law comprised of all former HP Inc. employees 40 years of age and older who had their employment terminated in California under a WFR plan in or after 2012. Excluded from the putative collective and class are employees who (a) signed a Waiver and General Release Agreement at termination, or (b) signed an Agreement to Arbitrate Claims. Similar claims are pending against HPE. Because the court granted plaintiffs’ motion for preliminary certification of the putative nationwide ADEA collectives, a third-party administrator notified eligible former employees of their right to opt into the ADEA collective. This opt-in period closed on February 15, 2022. Plaintiffs seek monetary damages, punitive damages, and other relief. In June 2023, the parties reached an agreement in principle to resolve this matter. The parties have finalized a settlement agreement, and the court preliminarily approved it on October 26, 2023. The Court has set the Final Approval Hearing for March 28, 2024.
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 crossappeals 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. 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.
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.
Caltech Patent Litigation. On November 11, 2020, the California Institute of Technology (“Caltech”) filed a complaint against HP for patent infringement in the federal court for the Western District of Texas. On March 19, 2021, Caltech filed an amendment to this same complaint. The complaint as amended alleges infringement of five of Caltech’s patents, U.S. Patent Nos. 7,116,710; 7,421,032; 7,716,552; 7,916,781; and 8,284,833. The accused products are HP commercial and consumer PCs as well as wireless printers that comply with the IEEE 802.11n, 802.11ac, and/or 802.11ax standards. Caltech seeks unspecified damages and other relief. In August 2021, the court stayed the case pending the decision by the U.S. Court of Appeals for the Federal Circuit in The California Inst. of Tech. v. Broadcom Ltd et al., Case No. 2020-2222, which was issued on February 4, 2022, and a request for further review of that decision by the Supreme Court was denied. On August 16, 2023, the parties informed the court that the stay should be lifted. On November 6, 2023, the court issued an order staying all discovery and deadlines pending discovery relating to whether Caltech has standing to bring suit with respect to the asserted patents and the court’s resolution of that issue.
In re HP Inc. Securities Litigation (Electrical Workers Pension Fund, Local 103, I.B.E.W. v. HP Inc., et al.). On February 19, 2020, Electrical Workers Pension Fund, Local 103, I.B.E.W. filed a putative class action complaint against HP, Dion Weisler, Catherine Lesjak, and Steven Fieler in U.S. District Court in the Northern District of California. The court appointed the State of Rhode Island, Office of the General Treasurer, on behalf of the Employees’ Retirement System of Rhode Island and Iron Workers Local 580 Joint Funds as Lead Plaintiffs. Lead Plaintiffs filed an amended complaint, which additionally named as defendants Enrique Lores and Christoph Schell. HP and the named officers filed a motion to dismiss the complaint for failure to state a claim upon which relief can be granted. The court granted HP’s motion to dismiss and granted plaintiffs leave to amend the complaint. Plaintiffs’ second amended complaint, which no longer names Christoph Schell as a defendant, alleges, among other things, that from February 23, 2017 to October 3, 2019, HP and the named officers violated Sections 10(b) and 20(a) of the Exchange Act by making false or misleading statements about HP’s printing supplies business. It further alleges that Dion Weisler and Enrique Lores violated Sections 10(b) and 20A of the Exchange Act by allegedly selling shares of HP common stock during this period while in possession of material, non-public adverse information about HP’s printing supplies business. Plaintiffs seek compensatory damages and other relief. HP and the named officers filed a motion to dismiss the second amended complaint for failure to state a claim upon which relief can be granted. On September 15, 2021, the court granted HP’s motion. Plaintiffs appealed the decision. The parties settled and the motion for preliminary approval of settlement was filed on March 3, 2023. Under the terms of the settlement, HP agreed to pay an amount that is immaterial to HP. The district court granted preliminary approval of the settlement on April 7, 2023. On September 6, 2023, the court issued an order approving the settlement and directing entry of final judgment. On October 20, 2023, the Court of Appeals for the Ninth Circuit issued an order dismissing plaintiffs’ 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. 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 June 27, 2023, the district court issued an order setting the briefing schedule for a renewed motion to dismiss. 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. Both derivative actions will remain stayed while the district court considers on remand HP’s other arguments for dismissal.
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 Italy, the Netherlands, Israel, Australia and New Zealand have been resolved, have concluded, or have concluded subject only to HP’s pending appeal. Civil litigation filed by Digital Revolution B.V. (trading as 123Inkt) against HP Nederlands B.V., et al. (Netherlands) in March 2020, including its competition claim, remains pending. Both parties have appealed. In addition, two putative class actions have been filed against HP in federal court in California, in December 2020 and April 2022, arising out of the use of Dynamic Security firmware updates in HP Laserjet printers and HP Inkjet printers, respectively. Plaintiffs in both cases seek compensatory damages, restitution, injunctive relief against alleged unfair business practices, and other relief. In the case directed to Laserjet printers, plaintiffs filed a motion for class certification, and, on December 8, 2023, the court entered an order denying in full plaintiffs’ request to certify a damages class and granting certification of a narrowed injunctive relief class composed of those who did not see HP’s disclosures. In its order, the court declined at this juncture to resolve the merits of the sufficiency of HP’s disclosures. The case involving Inkjet printers remains in its early stages.
Autonomy-Related Legal Proceedings
As the result of an internal investigation, HP obtained information about certain accounting improprieties, disclosure failures and misrepresentations at Autonomy that occurred before and in connection with its 2011 acquisition of Autonomy. On April 17, 2015, four former HP 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.) 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. The claims seek more than $5 billion in damages. Messrs. Lynch and Hussain filed defenses and Mr. Lynch filed a counterclaim seeking $160 million in damages for alleged misstatements regarding Lynch. Trial concluded in January 2020. On May 17, 2022, the court issued its final judgment, finding that HP succeeded on substantially all claims and that Messrs. Lynch and Hussein engaged in fraud, and dismissing Mr. Lynch’s counterclaim. The court deferred its damages ruling to a later, separate judgment to be issued after further proceedings, which are now set to begin on February 12, 2024, but indicated that damages awarded may be substantially less than is claimed. Litigation is unpredictable, and there can be no assurance that HP will recover damages or as to how any award of damages will compare with the amount claimed. The amount ultimately awarded, if any, would be recorded in the period received. No adjustment has been recorded in the financial statements in relation to this potential award. Pursuant to the terms of the separation and distribution agreement, HP and Hewlett Packard Enterprise will share equally in any recovery. In addition, Messrs. Hussein and Lynch, and Stephen Chamberlain, former VP of Finance of Autonomy, were each indicted on federal criminal charges in the Northern District of California. On April 30, 2018, a jury found Mr. Hussein guilty of conspiracy to commit wire fraud, securities fraud, and multiple counts of wire fraud, and that judgment was affirmed on appeal in August 2020. Messrs. Lynch and Chamberlain are set to face trial on charges of conspiracy to commit wire fraud, and multiple counts of wire fraud on March 18, 2024. HP is continuing to cooperate with the ongoing enforcement actions.
Nokia Patent Litigation. On October 31, 2023, Nokia filed a complaint for patent infringement against HP in federal court for the District of Delaware asserting ten patents and filed two companion complaints with the U.S. International Trade Commission (“ITC”) pursuant to Section 337 of the Tariff Act against HP, asserting seven of the ten patents asserted in the federal court case. The complaints allege that HP products that are compliant with certain video coding technology standards, including Advanced Video Coding (H.264) or High Efficiency Video Coding (H.265) standards, infringe Nokia’s patents. In November 2023, the ITC instituted investigations on Nokia’s complaints. On December 11, 2023, HP filed counterclaims against Nokia in the Delaware action, including claims that Nokia violated its commitments to license standard-essential patents on fair, reasonable, and non-discriminatory (“FRAND”) terms, and seeking a court determination of the proper FRAND rate. Nokia’s patent litigation against HP also includes a lawsuit filed in November 2023 against HP and six of its subsidiaries in the European Unified Patent Court in Germany, and a lawsuit filed on December 1, 2023, against a subsidiary, HP Brasil Indústria e Comércio de Equipamentos Eletrônicos Ltda. (“HP Brasil”), in the state court in Rio de Janeiro in Brazil. In Brazil, Nokia alleged that HP’s products contain “skip mode” technology compatible with H.264 video standards that infringes one of Nokia’s Brazilian patents. On December 4, 2023, before HP had received service of the lawsuit, the court granted Nokia an ex parte preliminary injunction against HP Brasil’s commercialization of such products in Brazil. HP has appealed the injunction and asked the appellate court to suspend its enforcement. If the court does not do so, the injunction in Brazil will take effect and remain in place unless overturned on appeal, until the state court revokes or modifies it, or the case is resolved. If HP is not successful in its defenses, it may be subject to injunctions or licensing demands to avoid potential disruptions to its business. Given the procedural posture and nature of these cases, including proceedings that are in their early stages and have significant factual and legal issues to be resolved, HP is unable to make a reasonable estimate of the potential loss or range of losses that may arise from these matters.

R2 Semiconductor Patent Litigation. In November 2022, R2 Semiconductor, Inc. (“R2”) filed a lawsuit in the Dusseldorf Regional Court in Germany against Intel Deutschland GmbH, HP Deutschland GmbH and certain other Intel customers. R2 asserts one European patent is infringed by HP’s products that contain certain Intel processors. R2 seeks an injunction prohibiting the sale of the alleged infringing products. Intel is indemnifying HP. The Dusseldorf Regional Court conducted a trial on December 7, 2023, and is set to issue a decision on January 25, 2024. If the Court issues a decision on the merits in favor of R2 and against HP and the other defendants, it could impose an injunction prohibiting sales of the accused products in Germany which could take effect immediately and remain in place unless overturned on appeal or the parties reach an agreement. Given the procedural posture and the nature of the case, HP is unable to make a reasonable estimate of the potential loss or range of losses that might arise from this lawsuit.
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.
v3.23.3
Guarantees, Indemnifications and Warranties
 12 Months Ended
Oct. 31, 2023
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 (the “Separation”) of Hewlett Packard Enterprise Company (“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
 20232022
 In millions
Balance at beginning of year$876 $959 
Accruals for warranties issued689 948 
Adjustments related to pre-existing warranties (including changes in estimates)17 (43)
Settlements made (in cash or in kind)(876)(988)
Balance at end of year$706 $876 
v3.23.3
Commitments
 12 Months Ended
Oct. 31, 2023
Commitments and Contingencies Disclosure [Abstract]  
Commitments Commitments
Unconditional Purchase Obligations
As of October 31, 2023, HP had unconditional purchase obligations of $1.9 billion. These 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, 2023, unconditional purchase obligations were as follows:
Fiscal yearIn millions
2024$758 
2025758 
2026129 
2027121 
202877 
Thereafter18 
Total$1,861 
v3.23.3
Leases
 12 Months Ended
Oct. 31, 2023
Leases [Abstract]  
Leases Leases
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 typically range in terms from 1 to 11 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, 2023 and 2022 or for the fiscal years ended October 31, 2023 and 2022, 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 supply chain 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
 20232022
 In millions
Operating lease cost$234 $233 
Variable cost102 99 
Total lease expense$336 $332 
All lease expenses, including variable lease costs, are primarily included in Cost of 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
 20232022
 In millions
Cash paid for amount included in the measurement of lease liabilities$231 $233 
Right-of-use assets obtained in exchange of lease liabilities(1)
$312 $363 
(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
20232022
Weighted-average remaining lease term in years4.55.0
Weighted-average discount rate6.1 %5.2 %
The following maturity analysis presents expected undiscounted cash outflows for operating leases on an annual basis for the next five years:
 Fiscal yearIn millions
2024$485 
2025357 
2026182 
2027124 
202876 
Thereafter165 
Total lease payments1,389 
Less: Imputed interest134 
     Total lease liabilities$1,255 
There were no material operating leases that HP had entered into and that were yet to commence as of October 31, 2023.
v3.23.3
Acquisitions
 12 Months Ended
Oct. 31, 2023
Business Combination and Asset Acquisition [Abstract]  
Acquisitions Acquisitions
Acquisitions in fiscal 2022
In fiscal 2022, HP completed two acquisitions. Goodwill, which represents the excess of the purchase price over the net tangible and intangible assets acquired, is not deductible for tax purposes.
The following table presents the aggregate estimated fair values of the assets acquired and liabilities assumed for the acquisitions in fiscal 2022:
 In millions
Goodwill$1,793 
Amortizable intangible assets1,429 
Net assets acquired(364)
Total fair value of consideration$2,858 
Acquisition of Poly
HP’s largest acquisition in fiscal 2022 was Poly, a leading global provider of workplace collaboration solutions, which was completed in August 2022 with a total fair value purchase consideration of $2.8 billion. The acquisition supports HP’s strategy to drive growth in hybrid work solutions within the Personal Systems segment. In connection with this acquisition, HP recorded approximately $1.8 billion of goodwill and $1.4 billion of amortizable purchased intangible assets.
v3.23.3
Pay vs Performance Disclosure - USD ($)
$ in Millions
 12 Months Ended
Oct. 31, 2023
Oct. 31, 2022
Oct. 31, 2021
Pay vs Performance Disclosure      
Net earnings $ 3,263 $ 3,132 $ 6,541
v3.23.3
Insider Trading Arrangements
 3 Months Ended
Oct. 31, 2023
Trading Arrangements, by Individual  
Rule 10b5-1 Arrangement Adopted false
Non-Rule 10b5-1 Arrangement Adopted false
Rule 10b5-1 Arrangement Terminated false
Non-Rule 10b5-1 Arrangement Terminated false
v3.23.3
Summary of Significant Accounting Policies (Policies)
 12 Months Ended
Oct. 31, 2023
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.
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 monthly average exchange rates prevailing during the 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 their 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 November 2021, the Financial Accounting Standards Board (“FASB”) issued guidance that enhances the transparency of government assistance received and accounted for by applying a grant or contribution model by analogy. This guidance requires annual disclosure of government assistance including the types of assistance received, an entity’s accounting for the assistance, the effect of the assistance on the entity’s financial statements and significant terms and conditions of such assistance. HP adopted this guidance as of and for the fiscal year ended October 31, 2023 using a prospective approach. Adoption of this guidance did not have a material impact on our consolidated financial statement disclosures.
Recently Issued Accounting Pronouncements Not Yet Adopted
In September 2022, the 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 will be required to disclose information about the program to allow users of financial statements to understand the program’s nature, activity during the period, changes from period to period, and potential magnitude. HP will adopt this guidance in the first quarter of fiscal year 2024, except for the disclosure on roll forward information which will be adopted in the fiscal year 2025, in line with the effective adoption dates prescribed by the FASB. The adoption of this new guidance will result in increased disclosures in the notes to our 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, other volume-based incentives and expected returns. 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 revenue to each performance obligation in proportion to their selling price. The selling price for each performance obligation is based on 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 in the nature of 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 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 and credit 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.
See Note 7, “Supplementary Financial Information” for details on net revenue by region, cost to obtain a contract and fulfillment cost, contract liabilities and value of remaining performance obligations.
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.
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 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 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 41% and 52% of gross accounts receivable as of October 31, 2023 and 2022, respectively. One customer TD Synnex Corp accounted for 13.2% of gross accounts receivable as of October 31, 2023. Two customers, TD Synnex Corp and Ingram Micro Inc., accounted for 13.8% and 10.4%, respectively, of gross accounts receivable as of October 31, 2022. 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 58% and 89% of HP’s supplier receivables of $0.3 billion as of both October 31, 2023 and 2022, 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 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 market (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 market 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.
Business Combinations
Business Combinations
HP includes the results of operations of the acquired business in HP’s consolidated results prospectively from the acquisition date. HP allocates the purchase consideration to the assets acquired, liabilities assumed, and non-controlling interests in the acquired entity generally based on their fair values at the acquisition date. The excess of the fair value of purchase consideration over the fair value of these assets acquired, liabilities assumed and non-controlling interests in the acquired entity is recorded as goodwill. The primary items that generate goodwill include the value of the synergies between the acquired company and HP, and the value of the acquired assembled workforce, neither of which qualify for recognition as an intangible asset. Acquisition and divestiture charges are recognized separately from the business combination and are expensed as incurred. These charges primarily include, direct third-party professional and legal fees, integration and divestiture-related costs, as well as non-cash adjustments to the fair value adjustments of certain acquired assets such as inventory and certain compensation charges related to cash settlement of restricted stock units and performance-based restricted stock units of acquired companies.
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.
In the quantitative impairment test, HP compares the fair value of each reporting unit to its carrying amount with the fair values derived most significantly from the income approach, and to a lesser extent, 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.
In order to assess the reasonableness of the estimated fair value of HP’s reporting units, HP compares the aggregate reporting unit fair value to HP’s market capitalization on an overall basis and calculates an implied control premium (the excess of the sum of the reporting units’ fair value over HP’s market capitalization on an overall basis). HP evaluates the control premium by comparing it to observable control premiums from recent comparable transactions. If the implied control premium is not reasonable compared to these recent transactions, HP re-evaluates its reporting unit fair values, which may result in an adjustment to the discount rate and/or other assumptions. This re-evaluation could result in a change to the estimated fair value for certain or all reporting units.
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.
Loss Contingencies
Loss 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.
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 Russia exit charges.
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 time deposits, 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 $8.5 billion as compared to its carrying amount of $9.5 billion at October 31, 2023. The fair value of HP’s short- and long-term debt was $9.6 billion as compared to its carrying value of $11.0 billion at October 31, 2022. 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 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.
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 (the “Separation”) of Hewlett Packard Enterprise Company (“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.
v3.23.3
Segment Information (Tables)
 12 Months Ended
Oct. 31, 2023
Segment Reporting [Abstract]  
Schedule of Reconciliation of Segment Operating Results to Consolidated Results
Segment Operating Results from Operations and the reconciliation to HP consolidated results were as follows:
 For the fiscal years ended October 31
 202320222021
 In millions
Net revenue:   
Commercial PS$24,712 $29,616 $26,822 
Consumer PS
10,972 14,395 16,510 
Personal Systems35,684 44,011 43,332 
Supplies11,452 11,761 12,632 
Commercial Printing4,183 4,225 4,209 
Consumer Printing2,394 2,916 3,287 
Printing18,029 18,902 20,128 
Corporate Investments7 2 3 
Total segment net revenue53,720 62,915 63,463 
Other(2)(5)(3)
Total net revenue$53,718 $62,910 $63,460 
Earnings before taxes:  
Personal Systems$2,129 $2,761 $3,152 
Printing3,399 3,619 3,647 
Corporate Investments(142)(230)(96)
Total segment earnings from operations$5,386 $6,150 $6,703 
Corporate and unallocated costs and other(375)(461)(541)
Stock-based compensation expense(438)(343)(330)
Restructuring and other charges(527)(218)(251)
Acquisition and divestiture charges(240)(318)(68)
Amortization of intangible assets(350)(228)(154)
Russia exit charges— (23)— 
Interest and other, net(519)(235)2,209 
Total earnings before taxes$2,937 $4,324 $7,568 
Schedule of Reconciliation of Segment Operating Results to Consolidated Results
Segment Operating Results from Operations and the reconciliation to HP consolidated results were as follows:
 For the fiscal years ended October 31
 202320222021
 In millions
Net revenue:   
Commercial PS$24,712 $29,616 $26,822 
Consumer PS
10,972 14,395 16,510 
Personal Systems35,684 44,011 43,332 
Supplies11,452 11,761 12,632 
Commercial Printing4,183 4,225 4,209 
Consumer Printing2,394 2,916 3,287 
Printing18,029 18,902 20,128 
Corporate Investments7 2 3 
Total segment net revenue53,720 62,915 63,463 
Other(2)(5)(3)
Total net revenue$53,718 $62,910 $63,460 
Earnings before taxes:  
Personal Systems$2,129 $2,761 $3,152 
Printing3,399 3,619 3,647 
Corporate Investments(142)(230)(96)
Total segment earnings from operations$5,386 $6,150 $6,703 
Corporate and unallocated costs and other(375)(461)(541)
Stock-based compensation expense(438)(343)(330)
Restructuring and other charges(527)(218)(251)
Acquisition and divestiture charges(240)(318)(68)
Amortization of intangible assets(350)(228)(154)
Russia exit charges— (23)— 
Interest and other, net(519)(235)2,209 
Total earnings before taxes$2,937 $4,324 $7,568 
Schedule of Reconciliation of Segment Assets to Consolidated Assets from Continuing Operations
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
 20232022
 In millions
Personal Systems$18,791 $19,633 
Printing15,955 14,507 
Corporate Investments176 191 
Corporate and unallocated assets2,082 4,163 
Total assets$37,004 $38,494 
Schedule of Net Revenue by Geographical Areas
Net revenue by country was as follows:
 For the fiscal years ended October 31
 202320222021
  In millions 
United States$18,829 $21,626 $22,420 
Other countries34,889 41,284 41,040 
Total net revenue$53,718 $62,910 $63,460 
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
 20232022
 In millions
United States$1,351 $1,264 
Singapore341 329 
South Korea307 320 
Malaysia
287 265 
Other countries541 596 
Total property, plant and equipment, net$2,827 $2,774 
v3.23.3
Restructuring and Other Charges (Tables)
 12 Months Ended
Oct. 31, 2023
Restructuring and Related Activities [Abstract]  
Schedule of Restructuring Plans
HP’s restructuring activities in fiscal years 2023, 2022 and 2021 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, 2020
$— $— $77 $77 
Charges— — 229 229 
Cash payments— — (182)(182)
Non-cash and other adjustments— — (34)(34)
Accrued balance as of October 31, 2021
— — 90 90 
Charges— — 193 193 
Cash payments— — (217)(217)
Non-cash and other adjustments— — (34)(34)
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 
Total costs incurred to date as of October 31, 2023
$402 $41 $866 $1,309 
Reflected in Consolidated Balance Sheets:
Other current liabilities$88 $6 $2 $96 
Other non-current liabilities$— $12 $— $12 
(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 $139 for certain healthcare and medical savings account benefits to pension and post-retirement plans. See Note 4 “Retirement and Post-Retirement Benefit Plans” for further information.
v3.23.3
Retirement and Post-Retirement Benefit Plans (Tables)
 12 Months Ended
Oct. 31, 2023
Retirement Benefits [Abstract]  
Schedule of Components of Pension and Post-Retirement Benefit (Credit) Cost Recognized
The components of HP’s pension and post-retirement benefit (credit) cost recognized in the Consolidated Statements of Earnings were as follows:
 For the fiscal years ended October 31
 202320222021202320222021202320222021
 U.S. Defined
Benefit Plans		Non-U.S. Defined
Benefit Plans		Post-Retirement
Benefit Plans
 In millions
Service cost$— $— $— $39 $56 $67 $1 $1 $1 
Interest cost217 161 281 41 22 18 15 8 9 
Expected return on plan assets(258)(298)(475)(53)(48)(49)(14)(9)(24)
Amortization and deferrals:      
Actuarial loss (gain)18 5 50 4 36 52 (16)(15)(16)
Prior service cost (credit)— — — 5 5 5 (11)(11)(11)
Net periodic benefit (credit) cost(23)(132)(144)36 71 93 (25)(26)(41)
Settlement (gain) loss— — (37)— — 1 — — — 
Special termination benefit cost105 — — — — — 34 — — 
Total periodic benefit (credit) cost$82 $(132)$(181)$36 $71 $94 $9 $(26)$(41)
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
 202320222021202320222021202320222021
 U.S. Defined
Benefit Plans		Non-U.S. Defined
Benefit Plans		Post-Retirement
Benefit Plans
Discount rate5.7 %2.9 %2.8 %3.5 %1.3 %1.1 %5.6 %2.5 %2.3 %
Expected increase in compensation levels2.0 %2.0 %2.0 %3.0 %2.6 %2.4 %— %— %— %
Expected long-term return on plan assets6.4 %5.1 %5.0 %5.4 %4.3 %4.4 %3.3 %2.0 %5.0 %
Guaranteed interest crediting rate
5.0 %5.0 %5.0 %2.6 %2.6 %2.6 %4.2 %2.9 %2.9 %
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
 202320222023202220232022
 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$4,170 $6,060 $907 $1,211 $383 $457 
Actual return on plan assets(67)(1,711)8 (131)17 (49)
Employer contributions27 29 36 34 4 3 
Participant contributions— — 17 19 32 39 
Benefits paid(274)(204)(38)(21)(54)(67)
Settlement(3)(4)(33)(62)— — 
Currency impact— — 62 (143)— — 
Fair value of assets — end of year$3,853 $4,170 $959 $907 $382 $383 
Change in benefits obligation      
Projected benefit obligation — beginning of year$3,969 $5,740 $1,145 $1,726 $274 $354 
Acquisition of plan— — — 11 — — 
Service cost— — 39 56 1 1 
Interest cost217 161 41 22 15 8 
Participant contributions— — 17 19 32 39 
Actuarial gain(160)(1,724)(71)(420)(3)(61)
Benefits paid(274)(204)(38)(21)(54)(67)
Plan amendments— — 4 (5)— — 
Curtailment— — — — — — 
Settlement(3)(4)(33)(62)— — 
Special termination benefit cost105 — — — 34 — 
Currency impact— — 81 (181)— — 
Projected benefit obligation — end of year$3,854 $3,969 $1,185 $1,145 $299 $274 
Funded status at end of year$(1)$201 $(226)$(238)$83 $109 
Accumulated benefit obligation$3,854 $3,969 $1,088 $1,035 
Schedule of Weighted-Average Assumptions Used to Calculate Projected Benefit Obligations
The weighted-average assumptions used to calculate the projected benefit obligations for the fiscal years ended October 31, 2023 and 2022 were as follows:
 For the fiscal years ended October 31
 202320222023202220232022
 U.S. Defined
Benefit Plans		Non-U.S. Defined
Benefit Plans		Post-Retirement
Benefit Plans
Discount rate6.2 %5.7 %3.9 %3.5 %6.0 %5.6 %
Expected increase in compensation levels2.0 %2.0 %3.0 %3.0 %— %— %
Guaranteed interest crediting rate5.5 %5.0 %2.6 %2.6 %5.4 %4.2 %
Schedule of Net Amounts of Noncurrent Assets and Current and Noncurrent Liabilities for Defined Benefit and Post-Retirement Benefit Plans
The net amounts of non-current assets and current and non-current 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
 202320222023202220232022
 U.S. Defined
Benefit Plans		Non-U.S. Defined
Benefit Plans		Post-Retirement
Benefit Plans
 In millions
Other non-current assets$266 $490 $40 $38 $87 $114 
Other current liabilities(31)(32)(22)(9)(3)(4)
Other non-current liabilities(236)(257)(244)(267)(1)(1)
Funded status at end of year$(1)$201 $(226)$(238)$83 $109 
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, 2023
 U.S. Defined
Benefit Plans		Non-U.S. Defined
Benefit Plans		Post-Retirement
Benefit Plans
 In millions
Net actuarial loss (gain)$556 $14 $(181)
Prior service cost (credit)— 44 (57)
Total recognized in Accumulated other comprehensive income (loss)$556 $58 $(238)
Schedule of Defined Benefit Plans with Projected Benefit Obligations Exceeding Fair Value of Plan Assets
Defined benefit plans with projected benefit obligations exceeding the fair value of plan assets were as follows:
 As of October 31
 2023202220232022
 U.S. Defined
Benefit Plans		Non-U.S. Defined
Benefit Plans
 In millions
Aggregate fair value of plan assets$— $— $780 $728 
Aggregate projected benefit obligation$267 $289 $1,052 $996 
Schedule of Defined Benefit Plans with Accumulated Benefit Obligations Exceeding Fair Value of Plan Assets
Defined benefit plans with accumulated benefit obligations exceeding the fair value of plan assets were as follows:
 As of October 31
 2023202220232022
 U.S. Defined
Benefit Plans		Non-U.S. Defined
Benefit Plans
 In millions
Aggregate fair value of plan assets$— $— $563 $538 
Aggregate accumulated benefit obligation$267 $289 $758 $733 
Schedule of Fair Value of Plan Assets by Asset Category
The table below sets forth the fair value of plan assets by asset category within the fair value hierarchy as of October 31, 2023. Refer to Note 9, “Fair Value” for details on fair value hierarchy. Certain investments that are measured at fair value using the Net Asset Value (“NAV”) per share as a practical expedient have not been categorized in the fair value hierarchy.  The fair value amounts presented in this table provide a reconciliation of the fair value hierarchy to the total value of plan assets.
 As of October 31, 2023
 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)
$1 $28 $— $29 $8 $92 $— $100 $— $— $— $— 
Debt securities(2)
Corporate
— 1,855 — 1,855 — 17 — 17 — 214 — 214 
Government
— 1,208 — 1,208 — 55 — 55 — 100 — 100 
Insurance contracts— — — — — 67 — 67 — — — — 
Common collective trusts and 103-12 Investment entities(3)
— — — — — 8 — 8 — — — — 
Investment funds(4)
10 — — 10 — 292 — 292 67 — 67 
Cash and cash equivalents(5)
41 31 — 72 21 1 — 22 (1)— — (1)
Other(6)
(109)(147)— (256)— 89 — 89 — — — 
Net plan assets subject to leveling$(57)$2,975 $— $2,918 $29 $621 $— $650 $66 $314 $— $380 
Investments using NAV as a practical expedient(7)
935 309 2 
Investments at fair value$3,853 $959 $382 
     The table below sets forth the fair value of plan assets by asset category within the fair value hierarchy as of October 31, 2022.
 As of October 31, 2022
 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)
$14 $37 $— $51 $7 $82 $— $89 $— $— $— $— 
Debt securities(2)
Corporate
— 1,949 — 1,949 — 13 — 13 — 214 — 214 
Government
— 1,418 — 1,418 — 43 — 43 — 108 — 108 
Real estate funds— — — — 1 16 — 17 — — — — 
Insurance contracts— — — — — 72 — 72 — — — — 
Common collective trusts and 103-12 Investment entities(3)
— — — — — 7 — 7 — — — — 
Investment funds(4)
13 — — 13 — 260 — 260 68 — — 68 
Cash and cash equivalents(5)
40 54 — 94 37 — — 37 (5)— — (5)
Other(6)
(264)(230)— (494)11 75 — 86 (2)— — (2)
Net plan assets subject to leveling$(197)$3,228 $— $3,031 $56 $568 $— $624 $61 $322 $— $383 
Investments using NAV as a practical expedient(7)
1,139 283 — 
Investments at fair value$4,170 $907 $383 
(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:
2023 Target Allocation
Asset CategoryU.S. Defined Benefit PlansNon-U.S. Defined
Benefit Plans		Post-Retirement
Benefit Plans
Equity-related investments14.0 %34.9 %— %
Debt securities86.0 %30.6 %96.2 %
Real estate— %13.0 %— %
Cash and cash equivalents— %3.9 %3.8 %
Other— %17.6 %— %
Total100.0 %100.0 %100.0 %
Schedule of Estimated Future Benefits Payments for Retirement and Post-Retirement Plans
As of October 31, 2023, 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
2024$326 $72 $39 
2025337 52 37 
2026338 55 32 
2027340 59 27 
2028343 46 26 
Next five fiscal years to October 31, 20331,597 370 126 
v3.23.3
Stock-Based Compensation (Tables)
 12 Months Ended
Oct. 31, 2023
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
 202320222021
 In millions
Stock-based compensation expense$438 $343 $330 
Income tax benefit(72)(59)(52)
Stock-based compensation expense, net of tax $366 $284 $278 
Schedule of Weighted-Average Fair Value and Assumptions Used to Measure Fair Value of 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
 202320222021
Expected volatility(1)
44.4 %41.6 %41.0 %
Risk-free interest rate(2)
4.0 %1.0 %0.2 %
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
 202320222021
 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 year28,688 $30 30,197 $23 29,831 $21 
Granted(1)
18,500 $31 15,337 $36 15,517 $25 
Vested(15,291)$29 (14,168)$22 (13,374)$21 
Forfeited(1,688)$31 (2,678)$25 (1,777)$22 
Outstanding at end of year30,209 $31 28,688 $30 30,197 $23 
Schedule of Weighted-Average Fair Value and Assumptions Used to Measure Fair Value of Stock Options
HP utilizes the Black-Scholes-Merton option pricing formula to estimate the fair value of stock options subject to service-based vesting conditions. HP estimates the fair value of stock options subject to performance-contingent vesting conditions using a combination of a Monte Carlo simulation model and a lattice model as these awards contain market conditions. The weighted-average fair value and the assumptions used to measure fair value were as follows:
 For the fiscal years ended October 31
 202320222021
Weighted-average fair value(1)
$9 $11 $6 
Expected volatility(2)
36.9 %34.7 %35.9 %
Risk-free interest rate(3)
3.4 %1.5 %1.0 %
Expected dividend yield(4)
3.5 %2.7 %3.2 %
Expected term in years(5)
5.86.05.5
(1)The weighted-average fair value was based on stock options granted during the period.
(2)Expected volatility was estimated based on a blended volatility (50% historical volatility and 50% implied volatility from traded options on HP’s common stock).
(3)The risk-free interest rate was estimated based on the yield on U.S. Treasury zero-coupon issues.
(4)The expected dividend yield represents a constant dividend yield applied for the duration of the expected term of the award.
(5)For awards subject to service-based vesting, the expected term was estimated using a simplified method; and for performance-contingent awards, the expected term represents an output from the lattice model
Schedule of Stock Options Activity
A summary of stock options activity is as follows:
 As of October 31
 202320222021
 SharesWeighted-
Average
Exercise
Price		Weighted-
Average
Remaining
Contractual
Term		Aggregate
Intrinsic
Value		SharesWeighted-
Average
Exercise
Price		Weighted-
Average
Remaining
Contractual
Term		Aggregate
Intrinsic
Value		SharesWeighted-
Average
Exercise
Price		Weighted-
Average
Remaining
Contractual
Term		Aggregate
Intrinsic
Value
 In
thousands		 In yearsIn
millions		In
thousands		 In yearsIn
millions		In
thousands		 In yearsIn
millions
Outstanding at beginning of year6,095 $26   6,367 $21   5,637 $17   
Granted2,180 $28   1,867 $37   2,691 $24   
Exercised(1,071)$17   (1,364)$18   (1,843)$15   
Forfeited/cancelled/expired(325)$33   (775)$26   (118)$18   
Outstanding at end of year6,879 $27 7.4$19 6,095 $26 7.2$34 6,367 $21 7.4$68 
Vested and expected to vest6,527 $27 7.4$19 5,903 $25 7.2$34 6,367 $21 7.4$68 
Exercisable2,636 $20 5.8$17 2,749 $18 6.0$26 2,392 $16 5.3$34 
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
 202320222021
 In thousands
Shares available for future grant133,033 174,264 170,123 
Shares reserved for future issuance169,503 208,351 205,968 
v3.23.3
Taxes on Earnings (Tables)
 12 Months Ended
Oct. 31, 2023
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
h202320222021
 In millions
U.S.$650 $1,406 $4,724 
Non-U.S.2,287 2,918 2,844 
 $2,937 $4,324 $7,568 
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
 202320222021
 In millions
U.S. federal taxes:   
Current$226 $272 $1,112 
Deferred(549)27 (458)
Non-U.S. taxes:   
Current337 338 420 
Deferred(305)503 (173)
State taxes:   
Current42 9 78 
Deferred(77)43 48 
 $(326)$1,192 $1,027 
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
 202320222021
U.S. federal statutory income tax rate from continuing operations21.0 %21.0 %21.0 %
State income taxes, net of federal tax benefit1.7 %1.3 %0.9 %
Impact of foreign earnings including GILTI and FDII, net(1.4)%(7.9)%(3.9)%
Valuation allowances(7.3)%0.3 %(3.5)%
Uncertain tax positions and audit settlements3.2 %2.8 %0.9 %
Impact of internal reorganization(27.4)%9.4 %(1.2)%
Other, net(0.9)%0.7 %(0.6)%
 (11.1)%27.6 %13.6 %
Schedule of Reconciliation of Unrecognized Tax Benefits
A reconciliation of unrecognized tax benefits is as follows:
 For the fiscal years ended October 31
 202320222021
 In millions
Balance at beginning of year$1,045 $829 $830 
Increases:  
For current year’s tax positions61 26 62 
For prior years’ tax positions186 299 92 
Decreases:  
For prior years’ tax positions(35)(60)(92)
Statute of limitations expirations(8)(5)(9)
Settlements with taxing authorities(112)(44)(54)
Balance at end of year$1,137 $1,045 $829 
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
 20232022
 In millions
Deferred tax assets:
Loss and credit carryforwards$7,194 $7,601 
Intercompany transactions—excluding inventory540 799 
Fixed assets110 118 
Warranty124 170 
Employee and retiree benefits232 133 
Deferred revenue250 221 
Capitalized research and development821 654 
Operating lease liabilities242 238 
Investment in partnership703 70 
Other469 352 
Gross deferred tax assets10,685 10,356 
Valuation allowances(6,994)(7,592)
Total deferred tax assets3,691 2,764 
Deferred tax liabilities:
Unremitted earnings of foreign subsidiaries(88)(75)
Right-of-use assets from operating leases(223)(227)
Intangible assets(205)(261)
Cash flow hedges(64)(155)
Total deferred tax liabilities(580)(718)
Net deferred tax assets$3,111 $2,046 
Deferred tax assets and liabilities included in the Consolidated Balance Sheets as follows:
 As of October 31
 20232022
 In millions
Deferred tax assets$3,155 $2,167 
Deferred tax liabilities(44)(121)
Total$3,111 $2,046 
Schedule of Deferred Tax Assets for Net Operating Loss Carryforwards As of October 31, 2023, 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$73 $15 $(4)2024
State2,313 138 (47)2024
Foreign24,925 6,895 (6,494)2028
Balance at end of year$27,311 $7,048 $(6,545)
Schedule of Deferred Tax Assets for Various Tax Credit Carryforwards
As of October 31, 2023, 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$324 $(51)2024
Balance at end of year$324 $(51) 
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
 202320222021
 In millions
Balance at beginning of year$7,592 $7,749 $7,951 
Income tax (benefit) expense (650)(274)(168)
Goodwill, other comprehensive loss (income), currency translation and charges to other accounts52 117 (34)
Balance at end of year$6,994 $7,592 $7,749 
v3.23.3
Supplementary Financial Information (Tables)
 12 Months Ended
Oct. 31, 2023
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
 20232022
 In millions
Cash and cash equivalents$3,107 $3,145 
Restricted cash(1)
125 — 
$3,232 $3,145 
(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
 20232022
 In millions
Cash and cash equivalents$3,107 $3,145 
Restricted cash(1)
125 — 
$3,232 $3,145 
(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 Doubtful Accounts 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
 202320222021
 In millions
Balance at beginning of period$107 $111 $122 
Current-period allowance for credit losses(2)7 5 
Deductions, net of recoveries(12)(11)(16)
Balance at end of period$93 $107 $111 
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
 202320222021
 In millions
Balance at beginning of year (1)
$185 $131 $188 
Trade receivables sold13,391 12,028 11,976 
Cash receipts(13,449)(11,942)(12,035)
Foreign currency and other14 (32)2 
Balance at end of year (1)
$141 $185 $131 
(1) Amounts outstanding from third parties reported in Accounts Receivable in the Consolidated Balance Sheets.
Schedule of Inventory
Inventory
 As of October 31
 20232022
 In millions
Finished goods$3,930 $4,885 
Purchased parts and fabricated assemblies2,932 2,729 
$6,862 $7,614 
Schedule of Other Current Assets
Other Current Assets
As of October 31
 20232022
 In millions
Prepaid and other current assets$1,445 $2,086 
Supplier and other receivables1,349 1,377 
Value-added taxes receivable852 968 
$3,646 $4,431 
Schedule of Property, Plant and Equipment, Net
Property, Plant and Equipment, Net
 As of October 31
 20232022
 In millions
Land, buildings and leasehold improvements$2,332 $2,255 
Machinery and equipment, including equipment held for lease5,384 5,337 
7,716 7,592 
Accumulated depreciation(4,889)(4,818)
$2,827 $2,774 
Schedule of Other Non-Current Assets
Other Non-Current Assets
 As of October 31
 20232022
 In millions
Deferred tax assets(1)
$3,155 $2,167 
Intangible assets(2)
1,593 1,933 
Right-of-use assets(3)
1,188 1,236 
Deposits and prepaid427 474 
Prepaid pension and post-retirement benefit assets(4)
393 642 
Other853 991 
 $7,609 $7,443 
(1)See Note 6, “Taxes on Earnings” for detailed information.
(2)See Note 8, “Goodwill and Intangible Assets” for detailed information.
(3)See Note 17, “Leases” for detailed information.
(4)See Note 4, “Retirement and Post-Retirement Benefit Plans” for detailed information.
Schedule of Other Current Liabilities
Other Current Liabilities
 As of October 31
 20232022
 In millions
Sales and marketing programs$3,053 $2,984 
Deferred revenue1,424 1,393 
Employee compensation and benefit1,046 954 
Other accrued taxes994 1,064 
Warranty569 619 
Operating lease liabilities(1)
430 405 
Tax liability217 286 
Other2,479 2,963 
 $10,212 $10,668 
(1)See Note 17, “Leases” for detailed information.
Schedule of Other Non-Current Liabilities
Other Non-Current Liabilities
 As of October 31
 20232022
 In millions
Deferred revenue$1,324 $1,171 
Tax liability904 911 
Operating lease liabilities(1)
825 875 
Pension, post-retirement, and post-employment liabilities(2)
545 600 
Deferred tax liability44 121 
Other689 856 
 $4,331 $4,534 
(1)See Note 17, “Leases” for detailed information.
(2)See Note 4, “Retirement and Post-Retirement Benefit Plans” for detailed information.
Schedule of Interest and Other, Net
Interest and Other, Net
 For the fiscal years ended October 31
 202320222021
 In millions
Interest expense on borrowings$(548)$(359)$(254)
Factoring costs(1)
(136)— — 
Net gain (loss) on debt extinguishment107 — (16)
Non-operating retirement-related credits51 144 160 
Oracle litigation proceeds
— — 2,304 
Defined benefit plan settlement gains (charges)— — 37 
Tax indemnifications— (1)— 
Other, net7 (19)(22)
 $(519)$(235)$2,209 
(1)Factoring costs for fiscal year 2022 and 2021 were included in Selling, general and administrative and were not material.
Schedule of Net Revenue by Region
Net Revenue by Region
 For the fiscal years ended October 31
 202320222021
 In millions
Americas$23,095 $26,544 $27,491 
Europe, Middle East and Africa17,819 21,300 22,216 
Asia-Pacific and Japan12,804 15,066 13,753 
Total net revenue$53,718 $62,910 $63,460 
v3.23.3
Goodwill and Intangible Assets (Tables)
 12 Months Ended
Oct. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Allocation 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 at October 31, 2021(1)
$2,905 $3,796 $102 $6,803 
Acquisitions/adjustments1,790 — 16 1,806 
Foreign currency translation— (68)— (68)
Balance at October 31, 2022(1)
4,695 3,728 118 8,541 
Acquisitions/adjustments27 4 — 31 
Foreign currency translation — 19 — 19 
Balance at October 31, 2023(1)
$4,722 $3,751 $118 $8,591 
(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, 2023As of October 31, 2022
GrossAccumulated AmortizationNetGrossAccumulated AmortizationNet
In millions
Customer contracts, customer lists and distribution agreements$827 $369 $458 $815 $283 $532 
Technology and patents 1,763 785 978 1,763 551 1,212 
Trade name and trademarks215 58 157 214 25 189 
Total intangible assets$2,805 $1,212 $1,593 $2,792 $859 $1,933 
Schedule of Estimated Future Amortization Expense
As of October 31, 2023, estimated future amortization expense related to intangible assets was as follows:
Fiscal yearIn millions
2024$317 
2025247 
2026238 
2027233 
2028182 
Thereafter376 
Total$1,593 
v3.23.3
Fair Value (Tables)
 12 Months Ended
Oct. 31, 2023
Fair Value Disclosures [Abstract]  
Schedule of Assets and Liabilities Measured at Fair Value on a Recurring Basis
The following table presents HP’s assets and liabilities that are measured at fair value on a recurring basis:
 As of October 31, 2023As of October 31, 2022
 Fair Value Measured Using Fair Value Measured Using 
 Level 1Level 2Level 3TotalLevel 1Level 2Level 3Total
 In millions
Assets:
Cash Equivalents
Corporate debt$— $589 $— $589 $— $904 $— $904 
Government debt(1)
1,900 — — 1,900 1,289 — — 1,289 
Available-for-Sale Investments
Financial institution instruments— 3 — 3 — 5 — 5 
Marketable securities and mutual funds33 45 — 78 17 41 — 58 
Derivative Instruments
Foreign currency contracts— 489 — 489 — 1,088 — 1,088 
Other derivatives— — — — — 2 — 2 
Total assets$1,933 $1,126 $— $3,059 $1,306 $2,040 $— $3,346 
Liabilities:
Derivative Instruments
Interest rate contracts$— $58 $— $58 $— $78 $— $78 
Foreign currency contracts— 212 — 212 — 295 — 295 
Other derivatives— 2 — 2 — 1 — 1 
Total liabilities$— $272 $— $272 $— $374 $— $374 
(1)    Government debt includes instruments such as U.S. treasury notes, U.S. agency securities and non-U.S. government bonds. Money market funds invested in government debt and traded in active markets are included in Level 1.
v3.23.3
Financial Instruments (Tables)
 12 Months Ended
Oct. 31, 2023
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, 2023As of October 31, 2022
 CostGross
Unrealized
Gain		Gross
Unrealized
Loss		Fair
Value		CostGross
Unrealized
Gain		Gross
Unrealized
Loss		Fair
Value
 In millions
Cash Equivalents:        
Corporate debt$589 $— $— $589 $904 $— $— $904 
Government debt1,900 — — 1,900 1,289 — — 1,289 
Total cash equivalents2,489 — — 2,489 2,193 — — 2,193 
Available-for-Sale Investments:
Financial institution instruments3 — — 3 5 — — 5 
Marketable securities and mutual funds40 38 — 78 50 8 — 58 
Total available-for-sale investments43 38 — 81 55 8 — 63 
Total cash equivalents and available-for-sale investments$2,532 $38 $— $2,570 $2,248 $8 $— $2,256 
Schedule of Contractual Maturities
Contractual maturities of investments in available-for-sale debt securities were as follows:
 As of October 31, 2023
 Amortized
Cost		Fair Value
 In millions
Due in one year$3 $3 
Schedule of 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, 2023As of October 31, 2022
 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$750 $— $— $— $58 $750 $— $— $— $78 
Cash flow hedges:         
Foreign currency contracts15,278 410 70 147 52 16,014 820 256 206 72 
Total derivatives designated as hedging instruments16,028 410 70 147 110 16,764 820 256 206 150 
Derivatives not designated as hedging instruments          
Foreign currency contracts4,446 9 — 13 — 4,554 12 — 17 — 
Other derivatives125 — — 2 — 122 2 — 1 — 
Total derivatives not designated as hedging instruments4,571 9 — 15 — 4,676 14 — 18 — 
Total derivatives$20,599 $419 $70 $162 $110 $21,440 $834 $256 $224 $150 
Schedule of Offsetting Derivative Liabilities As of October 31, 2023 and 2022, 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, 2023       
Derivative assets$489 $— $489 $178 $291 (1)$20 
Derivative liabilities$272 $— $272 $178 $89 (2)$5 
As of October 31, 2022       
Derivative assets$1,090 $— $1,090 $290 $616 (1)$184 
Derivative liabilities$374 $— $374 $290 $86 (2)$(2)
(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 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 Offsetting Derivative Assets As of October 31, 2023 and 2022, 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, 2023       
Derivative assets$489 $— $489 $178 $291 (1)$20 
Derivative liabilities$272 $— $272 $178 $89 (2)$5 
As of October 31, 2022       
Derivative assets$1,090 $— $1,090 $290 $616 (1)$184 
Derivative liabilities$374 $— $374 $290 $86 (2)$(2)
(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 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
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 31Total amounts of income/(expense) line items in the statement of financial performance in which the effects of fair value hedges are recordedGain/(loss) recognized in earnings on derivative instrumentsGain/(loss) recognized in earnings on hedged item
    In millions
Interest rate contractsFixed-rate debtInterest and other, net2023$(519)$20 $(20)
2022$(235)$(62)$62 
2021$2,209 $(17)$17 
Schedule of Pre-tax Effect of Derivative Instruments in Cash Flow and Net Investment Hedging Relationships
The pre-tax effect of derivative instruments in cash flow hedging relationships included in Accumulated other comprehensive income (loss) was as follows:
For the fiscal years ended October 31
 202320222021
 In millions
Gain/(loss) recognized in Accumulated other comprehensive income (loss) on derivatives:
Foreign currency contracts$(427)$1,456 $(117)
Interest rate contracts$— $85 $(15)
Schedule of Pre-tax Effect of Derivative Instruments in Cash Flow Hedging Relationships
The pre-tax effect of derivative instruments in cash flow hedging relationships included in earnings were as follows:
Total amounts of income/ (expense) line items in the statement of financial performance in which the effects of cash flow hedges are recordedGain/ (loss) reclassified from Accumulated other comprehensive loss into earnings
For the fiscal years ended October 31For the fiscal years ended October 31
202320222021202320222021
In millionsIn millions
Net revenue$53,718 $62,910 $63,460 $243 $877 $(214)
Cost of revenue(42,210)(50,647)(50,053)(167)(101)(30)
Operating expenses(8,052)(7,704)(8,048)(4)(1)1 
Interest and other, net(519)(235)2,209 12 4 — 
Total$84 $779 $(243)
Schedule of Pre-tax Effect of Derivative Instruments not Designated as Hedging Instruments on the Consolidated Condensed Statements of Earnings
The pre-tax effect of derivative instruments not designated as hedging instruments recognized in Interest and other, net in the Consolidated Statements of Earnings for fiscal years 2023, 2022 and 2021 was as follows:
 Gain/(loss) recognized in earnings on derivative instrument
 Location202320222021
  In millions
Foreign currency contractsInterest and other, net$(65)$41 $(65)
Other derivativesInterest and other, net(3)(4)8 
Total $(68)$37 $(57)
v3.23.3
Borrowings (Tables)
 12 Months Ended
Oct. 31, 2023
Debt Disclosure [Abstract]  
Schedule of Notes Payable and Short-Term Borrowings
Notes Payable and Short-Term Borrowings
 As of October 31
 20232022
 Amount
Outstanding		Weighted-Average
Interest Rate		Amount
Outstanding		Weighted-Average
Interest Rate
 In millions
Current portion of long-term debt179 6.0 %165 5.4 %
Notes payable to banks, lines of credit and other51 1.0 %53 0.6 %
 $230  $218  
Schedule of Long-Term Debt
Long-Term Debt
 As of October 31
 20232022
 In millions
U.S. Dollar Global Notes(1)
  
$1,200 issued at discount to par at a price of 99.863% at 6.0%, due September 2041
1,199 1,199 
$1,150 issued at discount to par at a price of 99.769% at 2.2%, due June 2025
1,149 1,149 
$1,000 issued at discount to par at a price of 99.718% at 3.0%, due June 2027
999 997 
$850 issued at discount to par at a price of 99.790% at 3.4%, due June 2030(4)
503 848 
$1,000 issued at discount to par at a price of 99.808% at 1.45%, due June 2026(4)
521 999 
$1,000 issued at discount to par at a price of 99.573% at 2.65%, due June 2031(2)
997 996 
$1,000 issued at discount to par at a price of 99.767% at 4.00%, due April 2029
999 999 
$1,000 issued at discount to par at a price of 99.966% at 4.20%, due April 2032(4)
676 1,000 
$900 issued at discount to par at a price of 99.841% at 4.75%, due January 2028
899 899 
$1,100 issued at discount to par at a price of 99.725% at 5.50%, due January 2033
1,097 1,097 
$500 issued at par at a price of 100% at 4.75%, due March 2029(3)
3 500 
 9,042 10,683 
Other borrowings at 1.58%-8.30%, due in fiscal years 2024-2031
506 436 
Fair value adjustment related to hedged debt(58)(78)
Unamortized debt issuance cost(57)(80)
Current portion of long-term debt(179)(165)
Total long-term debt$9,254 $10,796 
(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)HP intends to allocate an amount equal to the net proceeds to finance or refinance, in whole or in part, environmentally and socially responsible eligible projects in the following eight areas: renewable energy; green buildings; energy efficiency; clean transportation; pollution prevention and control; eco-efficient and/or circular economy products, production technologies and processes; environmentally sustainable management of living natural resources and land use; and socioeconomic advancement and empowerment.
(3)During the twelve months ended October 31, 2023, HP repurchased or redeemed and settled $497 million of the March 2029 Notes related to the August 2022 Poly acquisition.
(4)During the twelve months ended October 31, 2023, HP repurchased and settled $1.15 billion in aggregate principal amount of various Global Notes.
Schedule of Aggregate Future Maturities of Long-term Debt
As of October 31, 2023, aggregate future maturities of debt at face value (excluding unamortized debt issuance cost of $57 million, discounts on debt issuance of $13 million, and fair value adjustment related to hedged debt of $58 million), including other borrowings were as follows: 
Fiscal yearIn millions
2024$230 
20251,306 
2026631 
20271,049 
2028913 
Thereafter5,483 
Total$9,612 
v3.23.3
Stockholders’ Deficit (Tables)
 12 Months Ended
Oct. 31, 2023
Stockholders' Equity Note [Abstract]  
Schedule of Taxes Related to Other Comprehensive (Loss) Income
Taxes related to Other Comprehensive (Loss) Income
 For the fiscal years ended October 31
 202320222021
 In millions
Tax effect on change in unrealized components of available-for-sale debt securities:   
Tax (provision) benefit on unrealized gains (losses) arising during the period
$(1)$2 $(1)
 
Tax effect on change in unrealized components of cash flow hedges:  
Tax benefit (provision) on unrealized (losses) gains arising during the period
75 (328)(9)
Tax provision (benefit) on (gains) losses reclassified into earnings18 195 (17)
 93 (133)(26)
Tax effect on change in unrealized components of defined benefit plans:  
Tax benefit (provision) on (losses) gains arising during the period
26 26 (183)
Tax benefit on amortization of actuarial loss and prior service benefit1 (6)(17)
Tax (provision) benefit on curtailments, settlements and other— (1)9 
 27 19 (191)
Tax effect on change in cumulative translation adjustment— 3 (1)
Tax benefit (provision) on other comprehensive income (loss)
$119 $(109)$(219)
Schedule of Changes and Reclassifications Related to Other Comprehensive (Loss) Income, Net of Taxes
Changes and reclassifications related to Other Comprehensive (Loss) Income, net of taxes
 For the year ended October 31
 202320222021
 In millions
Other comprehensive (loss) income, net of taxes:
   
Change in unrealized components of available-for-sale debt securities:   
Unrealized gains (losses) arising during the period
$1 $(9)$4 
 
Change in unrealized components of cash flow hedges:   
Unrealized (losses) gains arising during the period
(352)1,213 (141)
(Gains) losses reclassified into earnings(66)(584)226 
 (418)629 85 
Change in unrealized components of defined benefit plans:   
(Losses) gains arising during the period
(115)(28)846 
Amortization of actuarial loss and prior service benefit(1)
1 14 63 
Curtailments, settlements and other— (1)(27)
 (114)(15)882 
Change in cumulative translation adjustment23 (75)27 
Other comprehensive (loss) income, net of taxes
$(508)$530 $998 
(1)These components are included in the computation of net pension and post-retirement benefit (credit) charges in Note 4, “Retirement and Post-Retirement Benefit Plans”.
Schedule of Components of Accumulated Other Comprehensive (Loss) Income, Net of Taxes
The components of Accumulated other comprehensive (loss) income, net of taxes as of October 31, 2023 and changes during fiscal year 2023 were as follows:
 Net unrealized gains on available-for-sale securitiesNet unrealized gains (losses) on cash flow hedgesUnrealized components of defined benefit plansChange in cumulative translation adjustmentAccumulated other comprehensive loss
 In millions
Balance at beginning of period$6 $648 $(323)$(46)$285 
Other comprehensive gains (losses) before reclassifications
1 (352)(115)23 (443)
Reclassifications of (losses) gains into earnings
— (66)1 — (65)
Balance at end of period$7 $230 $(437)$(23)$(223)
v3.23.3
Earnings Per Share (Tables)
 12 Months Ended
Oct. 31, 2023
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
 202320222021
 In millions, except per share amounts
Numerator:   
Net earnings$3,263 $3,132 $6,541 
Denominator:   
Weighted-average shares used to compute basic net EPS992 1,038 1,208 
Dilutive effect of employee stock plans8 12 12 
Weighted-average shares used to compute diluted net EPS1,000 1,050 1,220 
Net earnings per share:   
Basic$3.29 $3.02 $5.41 
Diluted$3.26 $2.98 $5.36 
Anti-dilutive weighted-average stock-based compensation awards(1)
4 4 2 
    
(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 unrecognized compensation cost.
v3.23.3
Guarantees, Indemnifications and Warranties (Tables)
 12 Months Ended
Oct. 31, 2023
Guarantees and Product Warranties [Abstract]  
Schedule of Changes in Aggregate Product Warranty Liabilities
HP’s aggregate product warranty liabilities and changes were as follows:
 For the fiscal years ended October 31
 20232022
 In millions
Balance at beginning of year$876 $959 
Accruals for warranties issued689 948 
Adjustments related to pre-existing warranties (including changes in estimates)17 (43)
Settlements made (in cash or in kind)(876)(988)
Balance at end of year$706 $876 
v3.23.3
Commitments (Tables)
 12 Months Ended
Oct. 31, 2023
Commitments and Contingencies Disclosure [Abstract]  
Schedule of Future Unconditional Purchase Obligations
As of October 31, 2023, unconditional purchase obligations were as follows:
Fiscal yearIn millions
2024$758 
2025758 
2026129 
2027121 
202877 
Thereafter18 
Total$1,861 
v3.23.3
Leases (Tables)
 12 Months Ended
Oct. 31, 2023
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
 20232022
 In millions
Operating lease cost$234 $233 
Variable cost102 99 
Total lease expense$336 $332 
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
 20232022
 In millions
Cash paid for amount included in the measurement of lease liabilities$231 $233 
Right-of-use assets obtained in exchange of lease liabilities(1)
$312 $363 
(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
20232022
Weighted-average remaining lease term in years4.55.0
Weighted-average discount rate6.1 %5.2 %
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
2024$485 
2025357 
2026182 
2027124 
202876 
Thereafter165 
Total lease payments1,389 
Less: Imputed interest134 
     Total lease liabilities$1,255 
v3.23.3
Acquisitions (Tables)
 12 Months Ended
Oct. 31, 2023
Business Combination and Asset Acquisition [Abstract]  
Schedule of Purchase Price Allocation
The following table presents the aggregate estimated fair values of the assets acquired and liabilities assumed for the acquisitions in fiscal 2022:
 In millions
Goodwill$1,793 
Amortizable intangible assets1,429 
Net assets acquired(364)
Total fair value of consideration$2,858 
v3.23.3
Summary of Significant Accounting Policies - Advertising (Details) - USD ($)
$ in Millions
 12 Months Ended
Oct. 31, 2023
Oct. 31, 2022
Oct. 31, 2021
Accounting Policies [Abstract]      
Advertising cost $ 611 $ 696 $ 829
v3.23.3
Summary of Significant Accounting Policies - Concentrations of Risk (Details) - USD ($)
$ in Billions
 12 Months Ended
Oct. 31, 2023
Oct. 31, 2022
Concentration Risk    
Supplier receivables $ 0.3 $ 0.3
Major Customers | Accounts Receivable | Ten largest distributor    
Concentration Risk    
Concentration of credit risk (as a percent) 41.00% 52.00%
Major Customers | Accounts Receivable | TD Synnex Corp    
Concentration Risk    
Concentration of credit risk (as a percent) 13.20% 13.80%
Major Customers | Accounts Receivable | Ingram Micro Inc    
Concentration Risk    
Concentration of credit risk (as a percent)   10.40%
Major Customers | Accounts Receivable | Three largest outsourced manufacturer    
Concentration Risk    
Concentration of credit risk (as a percent) 58.00% 89.00%
v3.23.3
Summary of Significant Accounting Policies - Property, Plant and Equipment, Net (Details)
Oct. 31, 2023
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
v3.23.3
Segment Information - Narrative (Details)
 12 Months Ended
Oct. 31, 2023
segment
Segment Reporting [Abstract]  
Number of reportable segments 3
v3.23.3
Segment Information - Schedule of Reconciliation of Segment Operating Results to HP Consolidated Results (Details) - USD ($)
$ in Millions
 12 Months Ended
Oct. 31, 2023
Oct. 31, 2022
Oct. 31, 2021
Net revenue:      
Total net revenue $ 53,718 $ 62,910 $ 63,460
Segment Reporting Information, Revenue for Reportable Segment [Abstract]      
Operating Income (Loss) 3,456 4,559 5,359
Stock-based compensation expense (438) (343) (330)
Restructuring and other charges (527) (218) (251)
Acquisition and divestiture charges (240) (318) (68)
Amortization of intangible assets (350) (228) (154)
Russia exit charges 0 (23) 0
Interest and other, net (519) (235) 2,209
Earnings before taxes 2,937 4,324 7,568
Operating segments      
Net revenue:      
Total net revenue 53,720 62,915 63,463
Segment Reporting Information, Revenue for Reportable Segment [Abstract]      
Operating Income (Loss) 5,386 6,150 6,703
Corporate and unallocated costs and other      
Segment Reporting Information, Revenue for Reportable Segment [Abstract]      
Corporate and unallocated costs and other (375) (461) (541)
Other      
Net revenue:      
Total net revenue (2) (5) (3)
Segment Reporting Information, Revenue for Reportable Segment [Abstract]      
Stock-based compensation expense (438) (343) (330)
Restructuring and other charges (527) (218) (251)
Acquisition and divestiture charges (240) (318) (68)
Amortization of intangible assets (350) (228) (154)
Russia exit charges 0 (23) 0
Interest and other, net (519) (235) 2,209
Personal Systems | Operating segments      
Net revenue:      
Total net revenue 35,684 44,011 43,332
Segment Reporting Information, Revenue for Reportable Segment [Abstract]      
Operating Income (Loss) 2,129 2,761 3,152
Printing | Operating segments      
Net revenue:      
Total net revenue 18,029 18,902 20,128
Segment Reporting Information, Revenue for Reportable Segment [Abstract]      
Operating Income (Loss) 3,399 3,619 3,647
Corporate Investments | Operating segments      
Net revenue:      
Total net revenue 7 2 3
Segment Reporting Information, Revenue for Reportable Segment [Abstract]      
Operating Income (Loss) (142) (230) (96)
Commercial PS | Personal Systems | Operating segments      
Net revenue:      
Total net revenue 24,712 29,616 26,822
Consumer PS | Personal Systems | Operating segments      
Net revenue:      
Total net revenue 10,972 14,395 16,510
Supplies | Printing | Operating segments      
Net revenue:      
Total net revenue 11,452 11,761 12,632
Commercial Printing | Printing | Operating segments      
Net revenue:      
Total net revenue 4,183 4,225 4,209
Consumer Printing | Printing | Operating segments      
Net revenue:      
Total net revenue $ 2,394 $ 2,916 $ 3,287
v3.23.3
Segment Information - Schedule of Reconciliation of Segment Assets to Consolidated Assets from Continuing Operations (Details) - USD ($)
$ in Millions
Oct. 31, 2023
Oct. 31, 2022
Segment Reporting, Asset Reconciling Item [Line Items]    
Total assets $ 37,004 $ 38,494
Total segments | Personal Systems    
Segment Reporting, Asset Reconciling Item [Line Items]    
Total assets 18,791 19,633
Total segments | Printing    
Segment Reporting, Asset Reconciling Item [Line Items]    
Total assets 15,955 14,507
Total segments | Corporate Investments    
Segment Reporting, Asset Reconciling Item [Line Items]    
Total assets 176 191
Corporate and unallocated assets    
Segment Reporting, Asset Reconciling Item [Line Items]    
Total assets $ 2,082 $ 4,163
v3.23.3
Segment Information - Schedule of Net Revenue by Geographical Areas (Details) - USD ($)
$ in Millions
 12 Months Ended
Oct. 31, 2023
Oct. 31, 2022
Oct. 31, 2021
Revenues from External Customers and Long-Lived Assets [Line Items]      
Total net revenue $ 53,718 $ 62,910 $ 63,460
United States      
Revenues from External Customers and Long-Lived Assets [Line Items]      
Total net revenue 18,829 21,626 22,420
Other countries      
Revenues from External Customers and Long-Lived Assets [Line Items]      
Total net revenue $ 34,889 $ 41,284 $ 41,040
v3.23.3
Segment Information - Schedule of Net Property, Plant and Equipment by Geographical Areas (Details) - USD ($)
$ in Millions
Oct. 31, 2023
Oct. 31, 2022
Segment Reporting Information [Line Items]    
Total property, plant and equipment, net $ 2,827 $ 2,774
United States    
Segment Reporting Information [Line Items]    
Total property, plant and equipment, net 1,351 1,264
Singapore    
Segment Reporting Information [Line Items]    
Total property, plant and equipment, net 341 329
South Korea    
Segment Reporting Information [Line Items]    
Total property, plant and equipment, net 307 320
Malaysia    
Segment Reporting Information [Line Items]    
Total property, plant and equipment, net 287 265
Other countries    
Segment Reporting Information [Line Items]    
Total property, plant and equipment, net $ 541 $ 596
v3.23.3
Restructuring and Other Charges - Schedule of Restructuring Plans (Details) - USD ($)
$ in Millions
 12 Months Ended
Oct. 31, 2023
Oct. 31, 2022
Oct. 31, 2021
Restructuring Reserve [Roll Forward]      
Accrued balance, beginning of period $ 32 $ 90 $ 77
Charges 444 193 229
Cash payments (222) (217) (182)
Non-cash and other adjustments (146) (34) (34)
Accrued balance, end of period 108 32 90
Total costs incurred to date 1,309    
Reflected in Consolidated Balance Sheets:      
Other current liabilities 96    
Other non-current liabilities 12    
Fiscal 2023 Plan | Severance and EER      
Restructuring Reserve [Roll Forward]      
Accrued balance, beginning of period 0 0 0
Charges 402 0 0
Cash payments (172) 0 0
Non-cash and other adjustments (142) 0 0
Accrued balance, end of period 88 0 0
Total costs incurred to date 402    
Reflected in Consolidated Balance Sheets:      
Other current liabilities 88    
Other non-current liabilities 0    
Fiscal 2023 Plan | Non-labor      
Restructuring Reserve [Roll Forward]      
Accrued balance, beginning of period 0 0 0
Charges 41 0 0
Cash payments (15) 0 0
Non-cash and other adjustments (8) 0 0
Accrued balance, end of period 18 0 0
Total costs incurred to date 41    
Reflected in Consolidated Balance Sheets:      
Other current liabilities 6    
Other non-current liabilities 12    
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 period 32 90 77
Charges 1 193 229
Cash payments (35) (217) (182)
Non-cash and other adjustments 4 (34) (34)
Accrued balance, end of period 2 $ 32 $ 90
Total costs incurred to date 866    
Reflected in Consolidated Balance Sheets:      
Other current liabilities 2    
Other non-current liabilities $ 0    
v3.23.3
Restructuring and Other Charges - Narrative (Details)
employee in Thousands, $ in Millions
 12 Months Ended
Nov. 18, 2022
USD ($)
employee
Oct. 31, 2023
USD ($)
Oct. 31, 2022
USD ($)
Oct. 31, 2021
USD ($)
Restructuring Cost and Reserve [Line Items]        
Other charges   $ 83 $ 25 $ 22
Fiscal 2023 Plan | Minimum        
Restructuring Cost and Reserve [Line Items]        
Expected number of positions to be eliminated | employee 4      
Fiscal 2023 Plan | Maximum        
Restructuring Cost and Reserve [Line Items]        
Expected number of positions to be eliminated | employee 6      
Labor And Non-Labor Actions | Fiscal 2023 Plan        
Restructuring Cost and Reserve [Line Items]        
Estimated pre-tax charges $ 1,000      
Labor Costs | Fiscal 2023 Plan        
Restructuring Cost and Reserve [Line Items]        
Estimated pre-tax charges $ 700      
v3.23.3
Retirement and Post-Retirement Benefit Plans - Defined Benefit Plans (Narrative) (Details) - USD ($)
$ in Millions
Oct. 31, 2023
Oct. 31, 2022
DPSP    
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]    
Fair value of plan assets $ 311 $ 366
v3.23.3
Retirement and Post-Retirement Benefit Plans - Post-Retirement Benefit Plans (Narrative) (Details)
 12 Months Ended
Oct. 31, 2023
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
v3.23.3
Retirement and Post-Retirement Benefit Plans - Defined Contribution Plans (Narrative) (Details) - USD ($)
$ in Millions
 12 Months Ended
Oct. 31, 2023
Oct. 31, 2022
Oct. 31, 2021
Retirement Benefits [Abstract]      
Total defined contribution expense $ 131 $ 119 $ 112
Defined Contribution Plan Disclosure [Line Items]      
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%    
v3.23.3
Retirement and Post-Retirement Benefit Plans - Pension and Post-Retirement Benefit Expense (Details) - USD ($)
$ in Millions
 12 Months Ended
Oct. 31, 2023
Oct. 31, 2022
Oct. 31, 2021
Amortization and deferrals:      
Settlement (gain) loss $ 0 $ 0 $ (37)
Defined Benefit Plan, Net Periodic Benefit Cost (Credit) Excluding Service Cost, Statement of Income or Comprehensive Income [Extensible Enumeration] Interest and other, net Interest and other, net Interest and other, net
Post-Retirement Benefit Plans      
Net benefit (credit) cost      
Service cost $ 1 $ 1 $ 1
Interest cost 15 8 9
Expected return on plan assets (14) (9) (24)
Amortization and deferrals:      
Actuarial loss (gain) (16) (15) (16)
Prior service cost (credit) (11) (11) (11)
Net periodic benefit (credit) cost (25) (26) (41)
Settlement (gain) loss 0 0 0
Special termination benefit cost 34 0 0
Total periodic benefit (credit) cost 9 (26) (41)
U.S. | Defined Benefit Plans      
Net benefit (credit) cost      
Service cost 0 0 0
Interest cost 217 161 281
Expected return on plan assets (258) (298) (475)
Amortization and deferrals:      
Actuarial loss (gain) 18 5 50
Prior service cost (credit) 0 0 0
Net periodic benefit (credit) cost (23) (132) (144)
Settlement (gain) loss 0 0 (37)
Special termination benefit cost 105 0 0
Total periodic benefit (credit) cost 82 (132) (181)
Non-U.S. | Defined Benefit Plans      
Net benefit (credit) cost      
Service cost 39 56 67
Interest cost 41 22 18
Expected return on plan assets (53) (48) (49)
Amortization and deferrals:      
Actuarial loss (gain) 4 36 52
Prior service cost (credit) 5 5 5
Net periodic benefit (credit) cost 36 71 93
Settlement (gain) loss 0 0 1
Special termination benefit cost 0 0 0
Total periodic benefit (credit) cost $ 36 $ 71 $ 94
v3.23.3
Retirement and Post-Retirement Benefit Plans - Weighted-Average Assumptions Used to Calculate Total Periodic Benefit (Credit) Cost (Details)
 12 Months Ended
Oct. 31, 2023
Oct. 31, 2022
Oct. 31, 2021
Post-Retirement Benefit Plans      
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]      
Discount rate 5.60% 2.50% 2.30%
Expected increase in compensation levels 0.00% 0.00% 0.00%
Expected long-term return on plan assets 3.30% 2.00% 5.00%
Guaranteed interest crediting rate 4.20% 2.90% 2.90%
U.S. | Defined Benefit Plans      
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]      
Discount rate 5.70% 2.90% 2.80%
Expected increase in compensation levels 2.00% 2.00% 2.00%
Expected long-term return on plan assets 6.40% 5.10% 5.00%
Guaranteed interest crediting rate 5.00% 5.00% 5.00%
Non-U.S. | Defined Benefit Plans      
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]      
Discount rate 3.50% 1.30% 1.10%
Expected increase in compensation levels 3.00% 2.60% 2.40%
Expected long-term return on plan assets 5.40% 4.30% 4.40%
Guaranteed interest crediting rate 2.60% 2.60% 2.60%
v3.23.3
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, 2023
Oct. 31, 2022
Oct. 31, 2021
Post-Retirement Benefit Plans      
Change in fair value of plan assets:      
Fair value of assets — beginning of year $ 383 $ 457  
Actual return on plan assets 17 (49)  
Employer contributions 4 3  
Participant contributions 32 39  
Benefits paid (54) (67)  
Settlement 0 0  
Currency impact 0 0  
Fair value of assets — end of year 382 383 $ 457
Change in benefits obligation      
Projected benefit obligation — beginning of year 274 354  
Acquisition of plan 0 0  
Service cost 1 1 1
Interest cost 15 8 9
Participant contributions 32 39  
Actuarial gain (3) (61)  
Benefits paid (54) (67)  
Plan amendments 0 0  
Curtailment 0 0  
Settlement 0 0  
Special termination benefit cost 34 0  
Currency impact 0 0  
Projected benefit obligation — end of year 299 274 354
Funded status at end of year 83 109  
Accumulated benefit obligation  
United States | Defined Benefit Plans      
Change in fair value of plan assets:      
Fair value of assets — beginning of year 4,170 6,060  
Actual return on plan assets (67) (1,711)  
Employer contributions 27 29  
Participant contributions 0 0  
Benefits paid (274) (204)  
Settlement (3) (4)  
Currency impact 0 0  
Fair value of assets — end of year 3,853 4,170 6,060
Change in benefits obligation      
Projected benefit obligation — beginning of year 3,969 5,740  
Acquisition of plan 0 0  
Service cost 0 0 0
Interest cost 217 161 281
Participant contributions 0 0  
Actuarial gain (160) (1,724)  
Benefits paid (274) (204)  
Plan amendments 0 0  
Curtailment 0 0  
Settlement (3) (4)  
Special termination benefit cost 105 0  
Currency impact 0 0  
Projected benefit obligation — end of year 3,854 3,969 5,740
Funded status at end of year (1) 201  
Accumulated benefit obligation 3,854 3,969  
Non-U.S. | Defined Benefit Plans      
Change in fair value of plan assets:      
Fair value of assets — beginning of year 907 1,211  
Actual return on plan assets 8 (131)  
Employer contributions 36 34  
Participant contributions 17 19  
Benefits paid (38) (21)  
Settlement (33) (62)  
Currency impact 62 (143)  
Fair value of assets — end of year 959 907 1,211
Change in benefits obligation      
Projected benefit obligation — beginning of year 1,145 1,726  
Acquisition of plan 0 11  
Service cost 39 56 67
Interest cost 41 22 18
Participant contributions 17 19  
Actuarial gain (71) (420)  
Benefits paid (38) (21)  
Plan amendments 4 (5)  
Curtailment 0 0  
Settlement (33) (62)  
Special termination benefit cost 0 0  
Currency impact 81 (181)  
Projected benefit obligation — end of year 1,185 1,145 $ 1,726
Funded status at end of year (226) (238)  
Accumulated benefit obligation $ 1,088 $ 1,035  
v3.23.3
Retirement and Post-Retirement Benefit Plans - Weighted-Average Assumptions Used to Calculate Projected Benefit Obligations (Details)
Oct. 31, 2023
Oct. 31, 2022
Post-Retirement Benefit Plans    
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]    
Discount rate 6.00% 5.60%
Expected increase in compensation levels 0.00% 0.00%
Guaranteed interest crediting rate 5.40% 4.20%
United States | Defined Benefit Plans    
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]    
Discount rate 6.20% 5.70%
Expected increase in compensation levels 2.00% 2.00%
Guaranteed interest crediting rate 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 3.90% 3.50%
Expected increase in compensation levels 3.00% 3.00%
Guaranteed interest crediting rate 2.60% 2.60%
v3.23.3
Retirement and Post-Retirement Benefit Plans - Schedule of Net Amounts of Noncurrent Assets and Current and Noncurrent Liabilities for Defined Benefit and Post-Retirement Benefit Plans (Details) - USD ($)
$ in Millions
Oct. 31, 2023
Oct. 31, 2022
Post-Retirement Benefit Plans    
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]    
Other non-current assets $ 87 $ 114
Other current liabilities (3) (4)
Other non-current liabilities (1) (1)
Funded status at end of year 83 109
U.S. | Defined Benefit Plans    
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]    
Other non-current assets 266 490
Other current liabilities (31) (32)
Other non-current liabilities (236) (257)
Funded status at end of year (1) 201
Non-U.S. | Defined Benefit Plans    
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]    
Other non-current assets 40 38
Other current liabilities (22) (9)
Other non-current liabilities (244) (267)
Funded status at end of year $ (226) $ (238)
v3.23.3
Retirement and Post-Retirement Benefit Plans - Summary 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, 2023
USD ($)
Post-Retirement Benefit Plans  
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]  
Net actuarial loss (gain) $ (181)
Prior service cost (credit) (57)
Total recognized in Accumulated other comprehensive income (loss) (238)
U.S. | Defined Benefit Plans  
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]  
Net actuarial loss (gain) 556
Prior service cost (credit) 0
Total recognized in Accumulated other comprehensive income (loss) 556
Non-U.S. | Defined Benefit Plans  
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]  
Net actuarial loss (gain) 14
Prior service cost (credit) 44
Total recognized in Accumulated other comprehensive income (loss) $ 58
v3.23.3
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, 2023
Oct. 31, 2022
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 267 289
Non-U.S.    
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]    
Aggregate fair value of plan assets 780 728
Aggregate projected benefit obligation $ 1,052 $ 996
v3.23.3
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, 2023
Oct. 31, 2022
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 267 289
Non-U.S.    
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]    
Aggregate fair value of plan assets 563 538
Aggregate accumulated benefit obligation $ 758 $ 733
v3.23.3
Retirement and Post-Retirement Benefit Plans - Schedule of Fair Value of Plan Assets by Asset Category (Details) - USD ($)
$ in Millions
Oct. 31, 2023
Oct. 31, 2022
Oct. 31, 2021
Post-Retirement Benefit Plans      
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]      
Net plan assets subject to leveling $ 380 $ 383  
Investments using NAV as a Practical Expedient 2 0  
Investments at fair value 382 383 $ 457
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 0 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 214 214  
Post-Retirement Benefit Plans | Government      
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]      
Net plan assets subject to leveling 100 108  
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   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 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 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 67 68  
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 (1) (5)  
Post-Retirement Benefit Plans | Other      
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]      
Net plan assets subject to leveling 0 (2)  
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 66 61  
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 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 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 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   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 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 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 67 68  
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 (1) (5)  
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 0 (2)  
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 314 322  
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 0 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 214 214  
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 100 108  
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   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 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 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 0  
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 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 0  
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 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 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 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 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   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 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 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 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 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 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 2,918 3,031  
Investments using NAV as a Practical Expedient 935 1,139  
Investments at fair value 3,853 4,170 6,060
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 29 51  
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 1,855 1,949  
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 1,208 1,418  
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   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 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 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 10 13  
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 72 94  
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 (256) (494)  
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 (57) (197)  
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 1 14  
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 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 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   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 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 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 10 13  
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 41 40  
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 (109) (264)  
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 2,975 3,228  
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 28 37  
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 1,855 1,949  
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 1,208 1,418  
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   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 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 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 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 31 54  
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 (147) (230)  
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 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 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 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 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   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 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 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 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 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 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 650 624  
Investments using NAV as a Practical Expedient 309 283  
Investments at fair value 959 907 $ 1,211
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 100 89  
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 17 13  
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 55 43  
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   17  
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 67 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 8 7  
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 292 260  
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 22 37  
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 89 86  
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 29 56  
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 8 7  
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 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 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   1  
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 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 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 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 21 37  
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 0 11  
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 621 568  
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 92 82  
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 17 13  
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 55 43  
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   16  
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 67 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 8 7  
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 292 260  
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 1 0  
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 89 75  
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 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 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 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 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   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 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 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 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 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 $ 0 $ 0  
v3.23.3
Retirement and Post-Retirement Benefit Plans - Schedule of Weighted-Average Target Asset Allocations Across Benefit Plans (Details)
Oct. 31, 2023
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 96.20%
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 3.80%
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 14.00%
U.S. | Defined Benefit Plans | Debt securities  
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]  
Total 86.00%
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 0.00%
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 34.90%
Non-U.S. | Defined Benefit Plans | Debt securities  
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]  
Total 30.60%
Non-U.S. | Defined Benefit Plans | Real estate  
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]  
Total 13.00%
Non-U.S. | Defined Benefit Plans | Cash and cash equivalents  
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]  
Total 3.90%
Non-U.S. | Defined Benefit Plans | Other  
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]  
Total 17.60%
v3.23.3
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, 2023
Oct. 31, 2022
Oct. 31, 2021
Retirement Benefits [Abstract]        
Eligible age with 10 years of service 55 years      
EER benefit, minimum   91 days    
EER benefit, maximum   364 days    
Health care coverage extension period 36 months      
Maximum employer credits $ 12      
Defined Benefit Plan Disclosure [Line Items]        
Restructuring charges   $ 444,000 $ 193,000 $ 229,000
Other charges   83,000 $ 25,000 $ 22,000
United States | Defined Benefit Plans        
Defined Benefit Plan Disclosure [Line Items]        
Defined Benefit Plan, Expected Future Employer Contributions, Next Fiscal Year   31,000    
Special Termination Benefits | Fiscal 2023 Plan        
Defined Benefit Plan Disclosure [Line Items]        
Restructuring charges   105,000    
Other charges   $ 34,000    
v3.23.3
Retirement and Post-Retirement Benefit Plans - Future Contributions and Funding Policy (Narrative) (Details)
$ in Millions
Oct. 31, 2023
USD ($)
Post-Retirement Benefit Plans  
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]  
Employer contributions $ 3
Non-U.S. | Defined Benefit Plans  
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]  
Employer contributions 45
U.S. | Defined Benefit Plans  
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]  
Employer contributions $ 31
v3.23.3
Retirement and Post-Retirement Benefit Plans - Schedule of Estimated Future Benefits Payments for Retirement and Post-Retirement Plans (Details)
$ in Millions
Oct. 31, 2023
USD ($)
Post-Retirement Benefit Plans  
Fiscal year  
2024 $ 39
2025 37
2026 32
2027 27
2028 26
Next five fiscal years to October 31, 2033 126
U.S. | Defined Benefit Plans  
Fiscal year  
2024 326
2025 337
2026 338
2027 340
2028 343
Next five fiscal years to October 31, 2033 1,597
Non-U.S. | Defined Benefit Plans  
Fiscal year  
2024 72
2025 52
2026 55
2027 59
2028 46
Next five fiscal years to October 31, 2033 $ 370
v3.23.3
Stock-Based Compensation - Schedule of Stock-Based Compensation Expense and the Resulting Tax Benefits (Details) - USD ($)
$ in Millions
 12 Months Ended
Oct. 31, 2023
Oct. 31, 2022
Oct. 31, 2021
Share-Based Payment Arrangement [Abstract]      
Stock-based compensation expense $ 438 $ 343 $ 330
Income tax benefit (72) (59) (52)
Stock-based compensation expense, net of tax $ 366 $ 284 $ 278
v3.23.3
Stock-Based Compensation - Stock-Based Compensation Expense and Related Income Tax Benefits for Continuing Operations (Narrative) (Details) - 2011 ESPP - USD ($)
$ in Millions
 12 Months Ended
Oct. 31, 2023
Oct. 31, 2022
Oct. 31, 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Cash received from option exercises and purchases $ 51 $ 53 $ 55
Benefit realized for tax deduction from option exercises $ 2 $ 4 $ 3
v3.23.3
Stock-Based Compensation - Stock-Based Incentive Compensation Plans (Narrative) (Details)
shares in Millions
 12 Months Ended
Oct. 31, 2023
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 | 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) 623.1
v3.23.3
Stock-Based Compensation - Weighted-Average Fair Value and Assumptions Used to Measure Fair Value of Restricted Stock Units (Details) - Restricted Stock Units
 12 Months Ended
Oct. 31, 2023
Oct. 31, 2022
Oct. 31, 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Expected volatility (as a percent) 44.40% 41.60% 41.00%
Risk-free interest rate (as a percent) 4.00% 1.00% 0.20%
Expected term in years 2 years 10 months 24 days 2 years 10 months 24 days 2 years 10 months 24 days
v3.23.3
Stock-Based Compensation - Summary of Restricted Stock Units Activity (Details) - Restricted Stock Units - $ / shares
shares in Thousands
 12 Months Ended
Oct. 31, 2023
Oct. 31, 2022
Oct. 31, 2021
Shares      
Outstanding at beginning of year (in shares) 28,688 30,197 29,831
Granted (in shares) 18,500 15,337 15,517
Vested (in shares) (15,291) (14,168) (13,374)
Forfeited (in shares) (1,688) (2,678) (1,777)
Outstanding at end of year (in shares) 30,209 28,688 30,197
Weighted- Average Grant Date Fair Value Per Share      
Outstanding at beginning of year (in dollars per share) $ 30 $ 23 $ 21
Granted (in dollars per share) 31 36 25
Vested (in dollars per share) 29 22 21
Forfeited (in dollars per share) 31 25 22
Outstanding at end of year (in dollars per share) $ 31 $ 30 $ 23
v3.23.3
Stock-Based Compensation - Restricted Stock Units (Narrative) (Details) - Restricted Stock Units - USD ($)
$ in Millions
 12 Months Ended
Oct. 31, 2023
Oct. 31, 2022
Oct. 31, 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Total grant date fair value of restricted stock awards vested $ 442 $ 314 $ 278
Unrecognized pre-tax stock-based compensation expense related to non-vested restricted stock awards $ 403    
Remaining weighted-average vesting period 1 year 4 months 24 days    
v3.23.3
Stock-Based Compensation - Weighted-Average Fair Value and Assumptions Used to Measure Fair Value of Stock Options (Details) - Stock Options - $ / shares
 12 Months Ended
Oct. 31, 2023
Oct. 31, 2022
Oct. 31, 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Weighted-average fair value (in dollars per share) $ 9 $ 11 $ 6
Expected volatility (as a percent) 36.90% 34.70% 35.90%
Risk-free interest rate (as a percent) 3.40% 1.50% 1.00%
Expected dividend yield (percent) 3.50% 2.70% 3.20%
Expected performance period 5 years 9 months 18 days 6 years 5 years 6 months
Historical volatility 50.00%    
Implied volatility 50.00%    
v3.23.3
Stock-Based Compensation - Summary of Stock Options Activity (Details) - Stock Options - USD ($)
$ / shares in Units, shares in Thousands, $ in Millions
 12 Months Ended
Oct. 31, 2023
Oct. 31, 2022
Oct. 31, 2021
Shares      
Outstanding at beginning of year (in shares) 6,095 6,367 5,637
Granted (in shares) 2,180 1,867 2,691
Exercised (in shares) (1,071) (1,364) (1,843)
Forfeited/cancelled/expired (in shares) (325) (775) (118)
Outstanding at end of year (in shares) 6,879 6,095 6,367
Vested and expected to vest (in shares) 6,527 5,903 6,367
Exercisable (in shares) 2,636 2,749 2,392
Weighted- Average Exercise Price      
Outstanding at beginning of period (in dollars per share) $ 26 $ 21 $ 17
Granted (in dollars per share) 28 37 24
Exercised (in dollars per share) 17 18 15
Forfeited/cancelled/expired (in dollars per share) 33 26 18
Outstanding at end of period (in dollars per share) 27 26 21
Vested and expected to vest at end of period (in dollars per share) 27 25 21
Exercisable at end of period (in dollars per share) $ 20 $ 18 $ 16
Weighted- Average Remaining Contractual Term      
Outstanding at end of year 7 years 4 months 24 days 7 years 2 months 12 days 7 years 4 months 24 days
Vested and expected to vest 7 years 4 months 24 days 7 years 2 months 12 days 7 years 4 months 24 days
Exercisable 5 years 9 months 18 days 6 years 5 years 3 months 18 days
Aggregate Intrinsic Value      
Outstanding at end of year $ 19 $ 34 $ 68
Vested and expected to vest 19 34 68
Exercisable $ 17 $ 26 $ 34
v3.23.3
Stock-Based Compensation - Stock Options (Narrative) (Details) - Stock Options - USD ($)
$ in Millions
 12 Months Ended
Oct. 31, 2023
Oct. 31, 2022
Oct. 31, 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Intrinsic value of options exercised $ 13 $ 25 $ 18
Total grant date fair value of options vested 10 $ 9 $ 3
Unrecognized pre-tax stock-based compensation expense $ (10)    
Remaining weighted-average vesting period 1 year 4 months 24 days    
v3.23.3
Stock-Based Compensation - Employee Stock Purchase Plan (Narrative) (Details) - USD ($)
 12 Months Ended
Oct. 31, 2023
Oct. 31, 2022
Oct. 31, 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Stock-based compensation expense, net of tax $ 366,000,000 $ 284,000,000 $ 278,000,000
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    
v3.23.3
Stock-Based Compensation - Schedule of Shares Available for Future Grant and Shares Reserved for Future Issuance (Details) - shares
shares in Thousands
Oct. 31, 2023
Oct. 31, 2022
Oct. 31, 2021
Share-Based Payment Arrangement [Abstract]      
Shares available for future grant (in shares) 133,033 174,264 170,123
Shares reserved for future issuance (in shares) 169,503 208,351 205,968
v3.23.3
Taxes on Earnings - Schedule of Domestic and Foreign Components of Earnings (Details) - USD ($)
$ in Millions
 12 Months Ended
Oct. 31, 2023
Oct. 31, 2022
Oct. 31, 2021
Domestic and foreign components of earnings (loss) before taxes      
U.S. $ 650 $ 1,406 $ 4,724
Non-U.S. 2,287 2,918 2,844
Earnings before taxes $ 2,937 $ 4,324 $ 7,568
v3.23.3
Taxes on Earnings - Schedule of (Benefit from) Provision for Taxes on Earnings (Details) - USD ($)
$ in Millions
 12 Months Ended
Oct. 31, 2023
Oct. 31, 2022
Oct. 31, 2021
U.S. federal taxes:      
Current $ 226 $ 272 $ 1,112
Deferred (549) 27 (458)
Non-U.S. taxes:      
Current 337 338 420
Deferred (305) 503 (173)
State taxes:      
Current 42 9 78
Deferred (77) 43 48
Provision for (benefit from) taxes $ (326) $ 1,192 $ 1,027
v3.23.3
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, 2023
Oct. 31, 2022
Oct. 31, 2021
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 1.70% 1.30% 0.90%
Impact of foreign earnings including GILTI and FDII, net (1.40%) (7.90%) (3.90%)
Valuation allowances (7.30%) 0.30% (3.50%)
Uncertain tax positions and audit settlements 3.20% 2.80% 0.90%
Impact of internal reorganization (27.40%) 9.40% (1.20%)
Other, net (0.90%) 0.70% (0.60%)
Effective tax rate (11.10%) 27.60% 13.60%
v3.23.3
Taxes on Earnings - Provision for Taxes (Narrative) (Details) - USD ($)
$ / shares in Units, $ in Millions
 12 Months Ended
Oct. 31, 2023
Oct. 31, 2022
Oct. 31, 2021
Income Tax Examination [Line Items]      
Net income tax charges (benefits) $ (1,100) $ 456 $ 4
Internal reorganization 726 649 89
Net valuation allowance release 255 156 368
Restructuring benefits 101 44 51
Filing of tax returns in various jurisdictions 58 189 16
Tax benefit related to acquisition charges 42 43 11
Tax charges related to settlements 60 51  
Uncertain tax position charges 27 107 15
Tax charges for extinguishment of debt 25    
Withholdings taxes on undistributed foreign earnings   55  
Other net tax charges (benefits)   26 (9)
Excess tax benefits on stock options, restricted stock and performance share units,   33  
Income tax benefits, reduced rates for subsidiaries in certain countries $ 190 $ 313 $ 385
Income tax benefits, reduced rates for subsidiaries in certain countries (in dollars per share) $ 0.19 $ 0.30 $ 0.32
Hewlett-Packard Company v. Oracle Corporation      
Income Tax Examination [Line Items]      
Tax charges related to settlements     $ 533
v3.23.3
Taxes on Earnings - Reconciliation of Unrecognized Tax Benefits (Details) - USD ($)
$ in Millions
 12 Months Ended
Oct. 31, 2023
Oct. 31, 2022
Oct. 31, 2021
Reconciliation of Unrecognized Tax Benefits, Excluding Amounts Pertaining to Examined Tax Returns      
Balance at beginning of year $ 1,045 $ 829 $ 830
Increases:      
For current year’s tax positions 61 26 62
For prior years’ tax positions 186 299 92
Decreases:      
For prior years’ tax positions (35) (60) (92)
Statute of limitations expirations (8) (5) (9)
Settlements with taxing authorities (112) (44) (54)
Balance at end of year $ 1,137 $ 1,045 $ 829
v3.23.3
Taxes on Earnings - Uncertain Tax Positions (Narrative) (Details)
$ in Millions
 12 Months Ended
Oct. 31, 2023
USD ($)
country
Oct. 31, 2022
USD ($)
Oct. 31, 2021
USD ($)
Oct. 31, 2020
USD ($)
Income Tax Disclosure [Abstract]        
Unrecognized tax benefits $ 1,137 $ 1,045 $ 829 $ 830
Unrecognized tax benefits that would affect effective tax rate if realized 815      
Increase in gross unrecognized tax benefits 92      
Accrued income tax for interest and penalties $ 102 $ 64 $ 70  
Likelihood of no resolution period 12 months      
Reasonably possible decrease in existing unrecognized tax benefits within the next 12 months $ 54      
Number of other countries in which HP is subject to income taxes | country 60      
Undistributed earnings from non-U.S. operations $ 5,100      
v3.23.3
Taxes on Earnings - Schedule of Significant Components of Deferred Tax Assets and Deferred Tax Liabilities (Details) - USD ($)
$ in Millions
Oct. 31, 2023
Oct. 31, 2022
Oct. 31, 2021
Oct. 31, 2020
Deferred tax assets:        
Loss and credit carryforwards $ 7,194 $ 7,601    
Intercompany transactions—excluding inventory 540 799    
Fixed assets 110 118    
Warranty 124 170    
Employee and retiree benefits 232 133    
Deferred revenue 250 221    
Capitalized research and development 821 654    
Operating lease liabilities 242 238    
Investment in partnership 703 70    
Other 469 352    
Gross deferred tax assets 10,685 10,356    
Valuation allowances (6,994) (7,592) $ (7,749) $ (7,951)
Total deferred tax assets 3,691 2,764    
Deferred tax liabilities:        
Unremitted earnings of foreign subsidiaries (88) (75)    
Right-of-use assets from operating leases (223) (227)    
Intangible assets (205) (261)    
Cash flow hedges (64) (155)    
Total deferred tax liabilities (580) (718)    
Total $ 3,111 $ 2,046    
v3.23.3
Taxes on Earnings - Schedule of Current and Long-term Deferred Tax Assets and Liabilities (Details) - USD ($)
$ in Millions
Oct. 31, 2023
Oct. 31, 2022
Income Tax Disclosure [Abstract]    
Deferred tax assets $ 3,155 $ 2,167
Deferred tax liabilities (44) (121)
Total $ 3,111 $ 2,046
v3.23.3
Taxes on Earnings - Schedule of Deferred Tax Assets for Net Operating Loss Carryforwards (Details) - USD ($)
$ in Millions
Oct. 31, 2023
Oct. 31, 2022
Oct. 31, 2021
Oct. 31, 2020
Operating Loss Carryforwards [Line Items]        
Gross NOLs $ 27,311      
Valuation allowance (6,994) $ (7,592) $ (7,749) $ (7,951)
Operating loss carryforwards        
Operating Loss Carryforwards [Line Items]        
Deferred Taxes on NOLs 7,048      
Valuation allowance (6,545)      
Federal        
Operating Loss Carryforwards [Line Items]        
Gross NOLs 73      
Federal | Operating loss carryforwards        
Operating Loss Carryforwards [Line Items]        
Deferred Taxes on NOLs 15      
Valuation allowance (4)      
State        
Operating Loss Carryforwards [Line Items]        
Gross NOLs 2,313      
State | Operating loss carryforwards        
Operating Loss Carryforwards [Line Items]        
Deferred Taxes on NOLs 138      
Valuation allowance (47)      
Foreign        
Operating Loss Carryforwards [Line Items]        
Gross NOLs 24,925      
Foreign | Operating loss carryforwards        
Operating Loss Carryforwards [Line Items]        
Deferred Taxes on NOLs 6,895      
Valuation allowance $ (6,494)      
v3.23.3
Taxes on Earnings - Schedule of Deferred Tax Assets for Various Tax Credit Carryforwards (Details)
$ in Millions
Oct. 31, 2023
USD ($)
Carryforward  
Tax credits in state and foreign jurisdictions $ 324
Balance at end of year 324
Valuation Allowance  
Valuation Allowance (51)
Tax credits in state and foreign jurisdictions  
Valuation Allowance  
Valuation Allowance $ (51)
v3.23.3
Taxes on Earnings - Schedule of Deferred Tax Asset Valuation Allowance and Changes (Details) - USD ($)
$ in Millions
 12 Months Ended
Oct. 31, 2023
Oct. 31, 2022
Oct. 31, 2021
Movement in Valuation Allowances and Reserves      
Balance at beginning of year $ 7,592 $ 7,749 $ 7,951
Income tax (benefit) expense (650) (274) (168)
Goodwill, other comprehensive loss (income), currency translation and charges to other accounts 52 117 (34)
Balance at end of year $ 6,994 $ 7,592 $ 7,749
v3.23.3
Taxes on Earnings - Deferred Tax Asset Valuation Allowance (Narrative) (Details) - USD ($)
$ in Millions
 12 Months Ended
Oct. 31, 2023
Oct. 31, 2022
Oct. 31, 2021
Oct. 31, 2020
Valuation Allowance [Line Items]        
Valuation allowance for deferred tax assets $ 6,994 $ 7,592 $ 7,749 $ 7,951
Decrease in valuation allowances 598 157 202  
Deferred tax asset valuation allowance        
Valuation Allowance [Line Items]        
Valuation allowance for deferred tax assets $ 7,000 $ 7,600 $ 7,700  
v3.23.3
Supplementary Financial Information - Cash, Cash Equivalents and Restricted Cash (Details) - USD ($)
$ in Millions
Oct. 31, 2023
Oct. 31, 2022
Oct. 31, 2021
Oct. 31, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]        
Cash and cash equivalents $ 3,107 $ 3,145    
Restricted cash 125 0    
Cash, cash equivalents and restricted cash $ 3,232 $ 3,145 $ 4,299 $ 4,864
v3.23.3
Supplementary Financial Information - Accounts Receivables (Details) - USD ($)
$ in Millions
 12 Months Ended
Oct. 31, 2023
Oct. 31, 2022
Oct. 31, 2021
Allowance for Doubtful Accounts Receivable      
Balance at beginning of period $ 107 $ 111 $ 122
Current-period allowance for credit losses (2) 7 5
Deductions, net of recoveries (12) (11) (16)
Balance at end of period $ 93 $ 107 $ 111
v3.23.3
Supplementary Financial Information - Trade Receivables Sold and Cash Received (Details) - USD ($)
$ in Millions
 12 Months Ended
Oct. 31, 2023
Oct. 31, 2022
Oct. 31, 2021
Receivables Sold but Not Collected from Third Party      
Balance at beginning of year $ 185 $ 131 $ 188
Trade receivables sold 13,391 12,028 11,976
Cash receipts (13,449) (11,942) (12,035)
Foreign currency and other 14 (32) 2
Balance at end of year $ 141 $ 185 $ 131
v3.23.3
Supplementary Financial Information - Inventory (Details) - USD ($)
$ in Millions
Oct. 31, 2023
Oct. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]    
Finished goods $ 3,930 $ 4,885
Purchased parts and fabricated assemblies 2,932 2,729
Inventory $ 6,862 $ 7,614
v3.23.3
Supplementary Financial Information - Other Current Assets (Details) - USD ($)
$ in Millions
Oct. 31, 2023
Oct. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]    
Prepaid and other current assets $ 1,445 $ 2,086
Supplier and other receivables 1,349 1,377
Value-added taxes receivable 852 968
Other current assets $ 3,646 $ 4,431
v3.23.3
Supplementary Financial Information - Property, Plant and Equipment, Net (Details) - USD ($)
$ in Millions
 12 Months Ended
Oct. 31, 2023
Oct. 31, 2022
Oct. 31, 2021
Property, Plant and Equipment, Net      
Property, plant and equipment, gross $ 7,716 $ 7,592  
Accumulated depreciation (4,889) (4,818)  
Property, plant and equipment, net 2,827 2,774  
Depreciation expense 491 542 $ 627
Land, buildings and leasehold improvements      
Property, Plant and Equipment, Net      
Property, plant and equipment, gross 2,332 2,255  
Machinery and equipment, including equipment held for lease      
Property, Plant and Equipment, Net      
Property, plant and equipment, gross $ 5,384 $ 5,337  
v3.23.3
Supplementary Financial Information - Other Non-Current Assets (Details) - USD ($)
$ in Millions
Oct. 31, 2023
Oct. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]    
Deferred tax assets $ 3,155 $ 2,167
Intangible assets $ 1,593 $ 1,933
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 $ 1,188 $ 1,236
Deposits and prepaid 427 474
Prepaid pension asset and post-retirement benefit assets 393 642
Other 853 991
Other non-current assets, total $ 7,609 $ 7,443
v3.23.3
Supplementary Financial Information - Other Current Liabilities (Details) - USD ($)
$ in Millions
Oct. 31, 2023
Oct. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]    
Sales and marketing programs $ 3,053 $ 2,984
Deferred revenue 1,424 1,393
Employee compensation and benefit 1,046 954
Other accrued taxes 994 1,064
Warranty $ 569 $ 619
Operating Lease, Liability, Current, Statement of Financial Position [Extensible Enumeration] Other current liabilities Other current liabilities
Operating lease liabilities $ 430 $ 405
Tax liability 217 286
Other 2,479 2,963
Other current liabilities $ 10,212 $ 10,668
v3.23.3
Supplementary Financial Information - Other Non-Current Liabilities (Details) - USD ($)
$ in Millions
Oct. 31, 2023
Oct. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]    
Deferred revenue $ 1,324 $ 1,171
Tax liability 904 911
Operating lease liabilities $ 825 $ 875
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 $ 545 $ 600
Deferred tax liability 44 121
Other 689 856
Other non-current liabilities $ 4,331 $ 4,534
v3.23.3
Supplementary Financial Information - Interest and other, net (Details) - USD ($)
$ in Millions
 12 Months Ended
Oct. 31, 2023
Oct. 31, 2022
Oct. 31, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]      
Interest expense on borrowings $ (548) $ (359) $ (254)
Factoring costs (136) 0 0
Net gain (loss) on debt extinguishment 107 0 (16)
Non-operating retirement-related credits 51 144 160
Oracle litigation proceeds 0 0 2,304
Defined benefit plan settlement gains (charges) 0 0 37
Tax indemnifications 0 (1) 0
Other, net 7 (19) (22)
Interest and other, net $ (519) $ (235) $ 2,209
v3.23.3
Supplementary Financial Information - Net Revenue by Region (Details) - USD ($)
$ in Millions
 12 Months Ended
Oct. 31, 2023
Oct. 31, 2022
Oct. 31, 2021
Revenues from External Customers and Long-Lived Assets [Line Items]      
Total net revenue $ 53,718 $ 62,910 $ 63,460
Americas      
Revenues from External Customers and Long-Lived Assets [Line Items]      
Total net revenue 23,095 26,544 27,491
Europe, Middle East and Africa      
Revenues from External Customers and Long-Lived Assets [Line Items]      
Total net revenue 17,819 21,300 22,216
Asia-Pacific and Japan      
Revenues from External Customers and Long-Lived Assets [Line Items]      
Total net revenue $ 12,804 $ 15,066 $ 13,753
v3.23.3
Supplementary Financial Information - Value of Remaining Performance Obligations (Details)
$ in Billions
Oct. 31, 2023
USD ($)
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]  
Remaining performance obligations $ 3.7
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2023-11-01  
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]  
Remaining performance obligations $ 1.7
Remaining performance obligations, period 12 months
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2024-11-01  
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]  
Remaining performance obligations $ 2.0
Remaining performance obligations, period
v3.23.3
Supplementary Financial Information - Costs of Obtaining Contracts (Details) - USD ($)
$ in Millions
 12 Months Ended
Oct. 31, 2023
Oct. 31, 2022
Oct. 31, 2021
Capitalized Contract Cost [Line Items]      
Capitalized contract costs   $ 34  
Contract cost amortization $ 88 129  
Contract liability 2,700 2,500 $ 2,300
Revenue recognized 1,300 $ 1,100  
Deferred contract fulfillment      
Capitalized Contract Cost [Line Items]      
Capitalized contract costs 35    
Acquisition costs      
Capitalized Contract Cost [Line Items]      
Capitalized contract costs $ 44    
v3.23.3
Goodwill and Intangible Assets - Schedule of Allocation and Changes in the Carrying Amount of Goodwill (Details) - USD ($)
 3 Months Ended 12 Months Ended
Oct. 31, 2023
Oct. 31, 2023
Oct. 31, 2022
Oct. 31, 2021
Goodwill        
Balance at beginning of period   $ 8,541,000,000 $ 6,803,000,000  
Acquisitions/adjustments   31,000,000 1,806,000,000  
Foreign currency translation   19,000,000 (68,000,000)  
Balance at end of period $ 8,591,000,000 8,591,000,000 8,541,000,000 $ 6,803,000,000
Impairment loss 0   0 0
Personal Systems        
Goodwill        
Balance at beginning of period   4,695,000,000 2,905,000,000  
Acquisitions/adjustments   27,000,000 1,790,000,000  
Foreign currency translation   0 0  
Balance at end of period 4,722,000,000 4,722,000,000 4,695,000,000 2,905,000,000
Printing        
Goodwill        
Balance at beginning of period   3,728,000,000 3,796,000,000  
Acquisitions/adjustments   4,000,000 0  
Foreign currency translation   19,000,000 (68,000,000)  
Balance at end of period 3,751,000,000 3,751,000,000 3,728,000,000 3,796,000,000
Corporate Investments        
Goodwill        
Balance at beginning of period   118,000,000 102,000,000  
Acquisitions/adjustments   0 16,000,000  
Foreign currency translation   0 0  
Balance at end of period 118,000,000 118,000,000 118,000,000 102,000,000
Accumulated impairment losses $ 800,000,000 $ 800,000,000 $ 800,000,000 $ 800,000,000
v3.23.3
Goodwill and Intangible Assets - Schedule of Acquired Intangible Assets (Details) - USD ($)
$ in Millions
Oct. 31, 2023
Oct. 31, 2022
Acquired Finite-Lived Intangible Assets [Line Items]    
Gross $ 2,805 $ 2,792
Accumulated Amortization 1,212 859
Total 1,593 1,933
Customer contracts, customer lists and distribution agreements    
Acquired Finite-Lived Intangible Assets [Line Items]    
Gross 827 815
Accumulated Amortization 369 283
Total 458 532
Technology and patents    
Acquired Finite-Lived Intangible Assets [Line Items]    
Gross 1,763 1,763
Accumulated Amortization 785 551
Total 978 1,212
Trade name and trademarks    
Acquired Finite-Lived Intangible Assets [Line Items]    
Gross 215 214
Accumulated Amortization 58 25
Total $ 157 $ 189
v3.23.3
Goodwill and Intangible Assets - Schedule of Estimated Future Amortization Expense (Details) - USD ($)
$ in Millions
Oct. 31, 2023
Oct. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]    
2024 $ 317  
2025 247  
2026 238  
2027 233  
2028 182  
Thereafter 376  
Total $ 1,593 $ 1,933
v3.23.3
Fair Value (Details) - USD ($)
$ in Millions
Oct. 31, 2023
Oct. 31, 2022
Assets:    
Fair Value $ 2,489 $ 2,193
Derivative Instruments 489 1,090
Total assets 3,059 3,346
Liabilities:    
Derivative Instruments 272 374
Total liabilities 272 374
Fair value, short- and long-term debt 8,500 9,600
Carrying value, short- and long-term debt 9,500 11,000
Corporate debt    
Assets:    
Fair Value 589 904
Government debt    
Assets:    
Fair Value 1,900 1,289
Financial institution instruments    
Assets:    
Available-for-Sale Investments 3 5
Marketable securities and mutual funds    
Assets:    
Available-for-Sale Investments 78 58
Foreign currency contracts    
Assets:    
Derivative Instruments 489 1,088
Liabilities:    
Derivative Instruments 212 295
Other derivatives    
Assets:    
Derivative Instruments 0 2
Liabilities:    
Derivative Instruments 2 1
Interest rate contracts    
Liabilities:    
Derivative Instruments 58 78
Level 1    
Assets:    
Total assets 1,933 1,306
Liabilities:    
Total liabilities 0 0
Level 1 | Corporate debt    
Assets:    
Fair Value 0 0
Level 1 | Government debt    
Assets:    
Fair Value 1,900 1,289
Level 1 | Financial institution instruments    
Assets:    
Available-for-Sale Investments 0 0
Level 1 | Marketable securities and mutual funds    
Assets:    
Available-for-Sale Investments 33 17
Level 1 | Foreign currency contracts    
Assets:    
Derivative Instruments 0 0
Liabilities:    
Derivative Instruments 0 0
Level 1 | Other derivatives    
Assets:    
Derivative Instruments 0 0
Liabilities:    
Derivative Instruments 0 0
Level 1 | Interest rate contracts    
Liabilities:    
Derivative Instruments 0 0
Level 2    
Assets:    
Total assets 1,126 2,040
Liabilities:    
Total liabilities 272 374
Level 2 | Corporate debt    
Assets:    
Fair Value 589 904
Level 2 | Government debt    
Assets:    
Fair Value 0 0
Level 2 | Financial institution instruments    
Assets:    
Available-for-Sale Investments 3 5
Level 2 | Marketable securities and mutual funds    
Assets:    
Available-for-Sale Investments 45 41
Level 2 | Foreign currency contracts    
Assets:    
Derivative Instruments 489 1,088
Liabilities:    
Derivative Instruments 212 295
Level 2 | Other derivatives    
Assets:    
Derivative Instruments 0 2
Liabilities:    
Derivative Instruments 2 1
Level 2 | Interest rate contracts    
Liabilities:    
Derivative Instruments 58 78
Level 3    
Assets:    
Total assets 0 0
Liabilities:    
Total liabilities 0 0
Level 3 | Corporate debt    
Assets:    
Fair Value 0 0
Level 3 | Government debt    
Assets:    
Fair Value 0 0
Level 3 | Financial institution instruments    
Assets:    
Available-for-Sale Investments 0 0
Level 3 | Marketable securities and mutual funds    
Assets:    
Available-for-Sale Investments 0 0
Level 3 | Foreign currency contracts    
Assets:    
Derivative Instruments 0 0
Liabilities:    
Derivative Instruments 0 0
Level 3 | Other derivatives    
Assets:    
Derivative Instruments 0 0
Liabilities:    
Derivative Instruments 0 0
Level 3 | Interest rate contracts    
Liabilities:    
Derivative Instruments $ 0 $ 0
v3.23.3
Financial Instruments - Cash Equivalents and Available-for-Sale Investments (Details) - USD ($)
$ in Millions
Oct. 31, 2023
Oct. 31, 2022
Cash Equivalents:    
Cost $ 2,489 $ 2,193
Gross Unrealized Gain 0 0
Gross Unrealized Loss 0 0
Fair Value 2,489 2,193
Available-for-Sale Investments:    
Total available-for-sale investments, Cost 43 55
Total available-for-sale investments, Gross Unrealized Gain 38 8
Total available-for-sale investments, Gross Unrealized Loss 0 0
Total available-for-sale investments, Fair Value 81 63
Cost 2,532 2,248
Gross Unrealized Gain 38 8
Gross Unrealized Loss 0 0
Fair Value 2,570 2,256
Corporate debt    
Cash Equivalents:    
Cost 589 904
Gross Unrealized Gain 0 0
Gross Unrealized Loss 0 0
Fair Value 589 904
Government debt    
Cash Equivalents:    
Cost 1,900 1,289
Gross Unrealized Gain 0 0
Gross Unrealized Loss 0 0
Fair Value 1,900 1,289
Financial Institution Instrument    
Available-for-Sale Investments:    
Debt securities, Cost 3 5
Debt securities, Gross Unrealized Gain 0 0
Debt securities, Gross Unrealized Loss 0 0
Debt securities, Fair Value 3 5
Marketable securities and mutual funds    
Available-for-Sale Investments:    
Equity securities, Cost 40 50
Equity securities, Gross Unrealized Gain 38 8
Equity securities, Gross Unrealized Loss 0 0
Equity securities, Fair Value $ 78 $ 58
v3.23.3
Financial Instruments - Narrative (Details) - USD ($)
$ in Millions
 12 Months Ended
Oct. 31, 2023
Oct. 31, 2022
Oct. 31, 2021
Derivative [Line Items]      
Interest income $ 67 $ 46 $ 31
Collateralized arrangements in net liability position $ 91 82  
Period to collateralize 2 days    
Gain expected to be reclassified from Accumulated OCI into earnings in next 12 months $ 178    
Cash flow hedges      
Derivative [Line Items]      
Foreign currency maturity 12 months    
Other Non-Current Assets      
Derivative [Line Items]      
Equity investments $ 111 $ 110  
v3.23.3
Financial Instruments - Contractual Maturities of Investments (Details)
$ in Millions
Oct. 31, 2023
USD ($)
Amortized Cost  
Due in one year $ 3
Fair Value  
Due in one year $ 3
v3.23.3
Financial Instruments - Fair Value of Derivative Instruments in the Consolidated Balance Sheets (Details) - USD ($)
$ in Millions
Oct. 31, 2023
Oct. 31, 2022
Derivative [Line Items]    
Outstanding Gross Notional $ 20,599 $ 21,440
Derivative Instruments 489 1,090
Derivative Instruments 272 374
Other Current Assets    
Derivative [Line Items]    
Derivative Instruments $ 419 $ 834
Derivative Asset, Statement of Financial Position [Extensible Enumeration] Other current assets Other current assets
Other Non-Current Assets    
Derivative [Line Items]    
Derivative Instruments $ 70 $ 256
Derivative Asset, Statement of Financial Position [Extensible Enumeration] Other non-current assets Other non-current assets
Other Current Liabilities    
Derivative [Line Items]    
Derivative Instruments $ 162 $ 224
Derivative Liability, Statement of Financial Position [Extensible Enumeration] Other current liabilities Other current liabilities
Other non-current liabilities    
Derivative [Line Items]    
Derivative Instruments $ 110 $ 150
Derivative Liability, Statement of Financial Position [Extensible Enumeration] Other non-current liabilities Other non-current liabilities
Derivatives designated as hedging instruments    
Derivative [Line Items]    
Outstanding Gross Notional $ 16,028 $ 16,764
Derivatives designated as hedging instruments | Other Current Assets    
Derivative [Line Items]    
Derivative Instruments 410 820
Derivatives designated as hedging instruments | Other Non-Current Assets    
Derivative [Line Items]    
Derivative Instruments 70 256
Derivatives designated as hedging instruments | Other Current Liabilities    
Derivative [Line Items]    
Derivative Instruments 147 206
Derivatives designated as hedging instruments | Other non-current liabilities    
Derivative [Line Items]    
Derivative Instruments 110 150
Derivatives designated as hedging instruments | Interest rate contracts | Fair value hedges    
Derivative [Line Items]    
Outstanding Gross Notional 750 750
Derivatives designated as hedging instruments | Interest rate contracts | Fair value hedges | Other Current Assets    
Derivative [Line Items]    
Derivative Instruments 0 0
Derivatives designated as hedging instruments | Interest rate contracts | Fair value hedges | Other Non-Current Assets    
Derivative [Line Items]    
Derivative Instruments 0 0
Derivatives designated as hedging instruments | Interest rate contracts | Fair value hedges | Other Current Liabilities    
Derivative [Line Items]    
Derivative Instruments 0 0
Derivatives designated as hedging instruments | Interest rate contracts | Fair value hedges | Other non-current liabilities    
Derivative [Line Items]    
Derivative Instruments 58 78
Derivatives designated as hedging instruments | Foreign currency contracts | Cash flow hedges    
Derivative [Line Items]    
Outstanding Gross Notional 15,278 16,014
Derivatives designated as hedging instruments | Foreign currency contracts | Cash flow hedges | Other Current Assets    
Derivative [Line Items]    
Derivative Instruments 410 820
Derivatives designated as hedging instruments | Foreign currency contracts | Cash flow hedges | Other Non-Current Assets    
Derivative [Line Items]    
Derivative Instruments 70 256
Derivatives designated as hedging instruments | Foreign currency contracts | Cash flow hedges | Other Current Liabilities    
Derivative [Line Items]    
Derivative Instruments 147 206
Derivatives designated as hedging instruments | Foreign currency contracts | Cash flow hedges | Other non-current liabilities    
Derivative [Line Items]    
Derivative Instruments 52 72
Derivatives not designated as hedging instruments    
Derivative [Line Items]    
Outstanding Gross Notional 4,571 4,676
Derivatives not designated as hedging instruments | Other Current Assets    
Derivative [Line Items]    
Derivative Instruments 9 14
Derivatives not designated as hedging instruments | Other Non-Current Assets    
Derivative [Line Items]    
Derivative Instruments 0 0
Derivatives not designated as hedging instruments | Other Current Liabilities    
Derivative [Line Items]    
Derivative Instruments 15 18
Derivatives not designated as hedging instruments | Other non-current liabilities    
Derivative [Line Items]    
Derivative Instruments 0 0
Derivatives not designated as hedging instruments | Foreign currency contracts    
Derivative [Line Items]    
Outstanding Gross Notional 4,446 4,554
Derivatives not designated as hedging instruments | Foreign currency contracts | Other Current Assets    
Derivative [Line Items]    
Derivative Instruments 9 12
Derivatives not designated as hedging instruments | Foreign currency contracts | Other Non-Current Assets    
Derivative [Line Items]    
Derivative Instruments 0 0
Derivatives not designated as hedging instruments | Foreign currency contracts | Other Current Liabilities    
Derivative [Line Items]    
Derivative Instruments 13 17
Derivatives not designated as hedging instruments | Foreign currency contracts | Other non-current liabilities    
Derivative [Line Items]    
Derivative Instruments 0 0
Derivatives not designated as hedging instruments | Other derivatives    
Derivative [Line Items]    
Outstanding Gross Notional 125 122
Derivatives not designated as hedging instruments | Other derivatives | Other Current Assets    
Derivative [Line Items]    
Derivative Instruments 0 2
Derivatives not designated as hedging instruments | Other derivatives | Other Non-Current Assets    
Derivative [Line Items]    
Derivative Instruments 0 0
Derivatives not designated as hedging instruments | Other derivatives | Other Current Liabilities    
Derivative [Line Items]    
Derivative Instruments 2 1
Derivatives not designated as hedging instruments | Other derivatives | Other non-current liabilities    
Derivative [Line Items]    
Derivative Instruments $ 0 $ 0
v3.23.3
Financial Instruments - Offsetting of Derivative Instruments (Details) - USD ($)
$ in Millions
 12 Months Ended
Oct. 31, 2023
Oct. 31, 2022
Derivative assets    
Gross Amount Recognized $ 489 $ 1,090
Gross Amount Offset 0 0
Net Amount Presented 489 1,090
Gross Amounts Not Offset    
Derivatives 178 290
Financial Collateral 291 616
Net Amount 20 184
Derivative liabilities    
Gross Amount Recognized 272 374
Gross Amount Offset 0 0
Net Amount Presented 272 374
Gross Amounts Not Offset    
Derivatives 178 290
Financial Collateral 89 86
Net Amount $ 5 $ (2)
Period to collateralize 2 days  
v3.23.3
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, 2023
Oct. 31, 2022
Oct. 31, 2021
Derivative Instruments, Gain (Loss) [Line Items]      
Total amounts of income/(expense) line items in the statement of financial performance in which the effects of fair value hedges are recorded $ (519) $ (235) $ 2,209
Gain/(loss) recognized in earnings on derivative instruments 20 (62) (17)
Gain/(loss) recognized in earnings on hedged item $ (20) $ 62 $ 17
v3.23.3
Financial Instruments - Schedule of Pre-Tax Effect of Derivative Instruments in Cash Flow Hedging Relationships (Details) - USD ($)
$ in Millions
 3 Months Ended 12 Months Ended
Oct. 31, 2022
Oct. 31, 2023
Oct. 31, 2022
Oct. 31, 2021
Pre-tax effect of derivative instruments in cash flow hedging relationships        
Gain/(loss) recognized in Accumulated other comprehensive income (loss) on derivatives:   $ (427) $ 1,541 $ (132)
Net revenue   53,718 62,910 63,460
Cost of revenue   (42,210) (50,647) (50,053)
Operating expenses   (50,262) (58,351) (58,101)
Interest and other, net   (519) (235) 2,209
Gain/ (loss) reclassified from Accumulated other comprehensive loss into earnings   84 779 (243)
Cash flow hedges        
Pre-tax effect of derivative instruments in cash flow hedging relationships        
Net revenue   53,718 62,910 63,460
Cost of revenue   (42,210) (50,647) (50,053)
Operating expenses   (8,052) (7,704) (8,048)
Interest and other, net   (519) (235) 2,209
Gain/ (loss) reclassified from Accumulated other comprehensive loss into earnings $ 779 84   (243)
Cash flow hedges | Net revenue        
Pre-tax effect of derivative instruments in cash flow hedging relationships        
Gain/ (loss) reclassified from Accumulated other comprehensive loss into earnings 877 243   (214)
Cash flow hedges | Cost of revenue        
Pre-tax effect of derivative instruments in cash flow hedging relationships        
Gain/ (loss) reclassified from Accumulated other comprehensive loss into earnings (101) (167)   (30)
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 (1) (4)   1
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 $ 4 12   0
Foreign currency contracts | Cash flow hedges        
Pre-tax effect of derivative instruments in cash flow hedging relationships        
Gain/(loss) recognized in Accumulated other comprehensive income (loss) on derivatives:   (427) 1,456 (117)
Interest rate contracts | Cash flow hedges        
Pre-tax effect of derivative instruments in cash flow hedging relationships        
Gain/(loss) recognized in Accumulated other comprehensive income (loss) on derivatives:   $ 0 $ 85 $ (15)
v3.23.3
Financial Instruments - Schedule of Pre-Tax Effect of Derivative Instruments not Designated as Hedging Instruments on the Consolidated Condensed Statements of Earnings (Details) - USD ($)
$ in Millions
 12 Months Ended
Oct. 31, 2023
Oct. 31, 2022
Oct. 31, 2021
Derivative Instruments, Gain (Loss) [Line Items]      
Gain/(loss) recognized in earnings on derivative instrument $ (68) $ 37 $ (57)
Interest and other, net | Foreign currency contracts      
Derivative Instruments, Gain (Loss) [Line Items]      
Gain/(loss) recognized in earnings on derivative instrument (65) 41 (65)
Interest and other, net | Other derivatives      
Derivative Instruments, Gain (Loss) [Line Items]      
Gain/(loss) recognized in earnings on derivative instrument $ (3) $ (4) $ 8
v3.23.3
Borrowings - Schedule of Notes Payable and Short-Term Borrowings (Details) - USD ($)
$ in Millions
Oct. 31, 2023
Oct. 31, 2022
Amount Outstanding    
Current portion of long-term debt $ 179 $ 165
Notes payable to banks, lines of credit and other $ 230 $ 218
Weighted-Average Interest Rate    
Weighted-Average Interest Rate 6.00% 5.40%
Notes payable to banks, lines of credit and other    
Amount Outstanding    
Notes payable to banks, lines of credit and other $ 51 $ 53
Weighted-Average Interest Rate    
Weighted-Average Interest Rate 1.00% 0.60%
v3.23.3
Borrowings - Schedule of Long-Term Debt (Details) - USD ($)
 12 Months Ended
Oct. 31, 2023
Jul. 31, 2023
Oct. 31, 2022
Debt Instrument [Line Items]      
Total $ 9,612,000,000    
Fair value adjustment related to hedged debt (58,000,000)   $ (78,000,000)
Unamortized debt issuance cost (57,000,000)   (80,000,000)
Current portion of long-term debt (179,000,000)   (165,000,000)
Total long-term debt 9,254,000,000   10,796,000,000
U.S. Dollar Global Notes      
Debt Instrument [Line Items]      
Total 9,042,000,000   10,683,000,000
Payment for debt extinguishment 1,150,000,000    
$1,200 issued at discount to par at a price of 99.863% at 6.0%, due September 2041      
Debt Instrument [Line Items]      
Total 1,199,000,000   1,199,000,000
Face amount of debt instrument $ 1,200,000,000    
Discount to par (percent) 99.863%    
Interest rate (percent) 6.00%    
$1,150 issued at discount to par at a price of 99.769% at 2.2%, due June 2025      
Debt Instrument [Line Items]      
Total $ 1,149,000,000   1,149,000,000
Face amount of debt instrument $ 1,150,000,000    
Discount to par (percent) 99.769%    
Interest rate (percent) 2.20%    
$1,000 issued at discount to par at a price of 99.718% at 3.0%, due June 2027      
Debt Instrument [Line Items]      
Total $ 999,000,000   997,000,000
Face amount of debt instrument $ 1,000,000,000    
Discount to par (percent) 99.718%    
Interest rate (percent) 3.00%    
$850 issued at discount to par at a price of 99.790% at 3.4%, due June 2030      
Debt Instrument [Line Items]      
Total $ 503,000,000   848,000,000
Face amount of debt instrument $ 850,000,000    
Discount to par (percent) 99.79%    
Interest rate (percent) 3.40% 3.40%  
$1,000 issued at discount to par at a price of 99.808% at 1.45%, due June 2026      
Debt Instrument [Line Items]      
Total $ 521,000,000   999,000,000
Face amount of debt instrument $ 1,000,000,000    
Discount to par (percent) 99.808%    
Interest rate (percent) 1.45% 1.45%  
$1,000 issued at discount to par at a price of 99.573% at 2.65%, due June 2031      
Debt Instrument [Line Items]      
Total $ 997,000,000   996,000,000
Face amount of debt instrument $ 1,000,000,000    
Discount to par (percent) 99.573%    
Interest rate (percent) 2.65%    
$1,000 issued at discount to par at a price of 99.767% at 4.00%, due April 2029      
Debt Instrument [Line Items]      
Total $ 999,000,000   999,000,000
Face amount of debt instrument $ 1,000,000,000    
Discount to par (percent) 99.767%    
Interest rate (percent) 4.00%    
$1,000 issued at discount to par at a price of 99.966% at 4.20%, due April 2032      
Debt Instrument [Line Items]      
Total $ 676,000,000   1,000,000,000
Face amount of debt instrument $ 1,000,000,000    
Discount to par (percent) 99.966%    
Interest rate (percent) 4.20%    
$900 issued at discount to par at a price of 99.841% at 4.75%, due January 2028      
Debt Instrument [Line Items]      
Total $ 899,000,000   899,000,000
Face amount of debt instrument $ 900,000,000    
Discount to par (percent) 99.841%    
Interest rate (percent) 4.75%    
$1,100 issued at discount to par at a price of 99.725% at 5.50%, due January 2033      
Debt Instrument [Line Items]      
Total $ 1,097,000,000   1,097,000,000
Face amount of debt instrument $ 1,100,000,000    
Discount to par (percent) 99.725%    
Interest rate (percent) 5.50%    
$500 issued at par at a price of 100% at 4.75%, due March 2029      
Debt Instrument [Line Items]      
Total $ 3,000,000   500,000,000
Face amount of debt instrument $ 500,000,000    
Issuance rate (percent) 100.00%    
Interest rate (percent) 4.75%    
Payment for debt extinguishment $ 497,000,000    
Other borrowings at 1.58%-8.30%, due in fiscal years 2024-2031      
Debt Instrument [Line Items]      
Other borrowings at 1.58%-8.30%, due in fiscal years 2024-2031 $ 506,000,000   $ 436,000,000
Other borrowings at 1.58%-8.30%, due in fiscal years 2024-2031 | Minimum      
Debt Instrument [Line Items]      
Interest rate (percent) 1.58%    
Other borrowings at 1.58%-8.30%, due in fiscal years 2024-2031 | Maximum      
Debt Instrument [Line Items]      
Interest rate (percent) 8.30%    
v3.23.3
Borrowings - Narrative (Details) - USD ($)
 1 Months Ended 12 Months Ended
Mar. 31, 2023
Jul. 31, 2023
Oct. 31, 2023
Oct. 31, 2022
Oct. 31, 2021
Debt Instrument [Line Items]          
Issuance costs     $ 57,000,000 $ 80,000,000  
Discounts on debt issuance     13,000,000    
Fair value adjustment related to hedged debt     (58,000,000) (78,000,000)  
Net gain (loss) on debt extinguishment     107,000,000 0 $ (16,000,000)
Commercial paper          
Debt Instrument [Line Items]          
Maximum borrowing capacity under credit facility     6,000,000,000    
Borrowings outstanding     0 $ 0  
Credit Facility          
Debt Instrument [Line Items]          
Maximum borrowing capacity under credit facility     5,000,000,000    
Lines of credit          
Debt Instrument [Line Items]          
Available borrowing resources     $ 1,200,000,000    
U.S. Dollar Global Notes Due June 2026, June 2030 And April 2032          
Debt Instrument [Line Items]          
Repurchased amount   $ 1,150,000,000      
Net gain (loss) on debt extinguishment   $ 115,000,000      
$1,000 issued at discount to par at a price of 99.808% at 1.45%, due June 2026          
Debt Instrument [Line Items]          
Interest rate (percent)   1.45% 1.45%    
$850 issued at discount to par at a price of 99.790% at 3.4%, due June 2030          
Debt Instrument [Line Items]          
Interest rate (percent)   3.40% 3.40%    
$1,000 issued at discount to par at a price of 99.966% at 4.20%, due April 2032          
Debt Instrument [Line Items]          
Interest rate (percent)     4.20%    
$500 issued at par at a price of 100% at 4.75%, due March 2029          
Debt Instrument [Line Items]          
Repurchased amount     $ 497,000,000    
Interest rate (percent)     4.75%    
Net gain (loss) on debt extinguishment     $ (8,000,000)    
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        
v3.23.3
Borrowings - Schedule of Aggregate Future Maturities of Long-term Debt at Face Value (Details)
$ in Millions
Oct. 31, 2023
USD ($)
Fiscal year  
2024 $ 230
2025 1,306
2026 631
2027 1,049
2028 913
Thereafter 5,483
Total $ 9,612
v3.23.3
Stockholders’ Deficit - Narrative (Details) - USD ($)
shares in Millions, $ in Millions
 12 Months Ended
Oct. 31, 2023
Oct. 31, 2022
Oct. 31, 2021
Stockholders' Equity Note [Abstract]      
Repurchases of common stock (in shares) 3.6 124.0 224.0
Payment in connection with repurchases of shares $ 100 $ 4,297 $ 6,249
Share repurchases that will be settled in subsequent period (in shares)     1.6
Share repurchase authorization remaining $ 2,000    
v3.23.3
Stockholders’ Deficit - Taxes Related to Other Comprehensive (Loss) Income (Details) - USD ($)
$ in Millions
 12 Months Ended
Oct. 31, 2023
Oct. 31, 2022
Oct. 31, 2021
Accumulated Other Comprehensive Income (Loss) [Line Items]      
Tax benefit (provision) on other comprehensive income (loss) $ 119 $ (109) $ (219)
Tax (provision) benefit on unrealized gains (losses) arising during the period      
Accumulated Other Comprehensive Income (Loss) [Line Items]      
Tax benefit (provision) on unrealized (losses) gains arising during the period (1) 2 (1)
Tax effect on change in unrealized components of cash flow hedges:      
Accumulated Other Comprehensive Income (Loss) [Line Items]      
Tax benefit (provision) on unrealized (losses) gains arising during the period 75 (328) (9)
Tax benefit (provision) on reclassifications during the period 18 195 (17)
Tax benefit (provision) on other comprehensive income (loss) 93 (133) (26)
Tax benefit (provision) on (losses) gains arising during the period      
Accumulated Other Comprehensive Income (Loss) [Line Items]      
Tax benefit (provision) on unrealized (losses) gains arising during the period 26 26 (183)
Tax benefit on amortization of actuarial loss and prior service benefit      
Accumulated Other Comprehensive Income (Loss) [Line Items]      
Tax benefit (provision) on reclassifications during the period 1 (6) (17)
Tax (provision) benefit on curtailments, settlements and other      
Accumulated Other Comprehensive Income (Loss) [Line Items]      
Tax benefit (provision) on reclassifications during the period 0 (1) 9
Tax effects on change in unrealized components of defined benefit plans      
Accumulated Other Comprehensive Income (Loss) [Line Items]      
Tax benefit (provision) on other comprehensive income (loss) 27 19 (191)
Tax effect on change in cumulative translation adjustment      
Accumulated Other Comprehensive Income (Loss) [Line Items]      
Tax benefit (provision) on other comprehensive income (loss) $ 0 $ 3 $ (1)
v3.23.3
Stockholders’ Deficit - Changes and Reclassifications Related to Other Comprehensive (Loss) Income, Net of Taxes (Details) - USD ($)
$ in Millions
 12 Months Ended
Oct. 31, 2023
Oct. 31, 2022
Oct. 31, 2021
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]      
Unrealized gains (losses) arising during the period $ (443)    
(Gains) losses reclassified into earnings (65)    
Other comprehensive (loss) income, net of taxes (508) $ 530 $ 998
Unrealized gains (losses) arising during the period      
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]      
Unrealized gains (losses) arising during the period 1 (9) 4
(Gains) losses reclassified into earnings 0    
Change in unrealized components of cash flow hedges      
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]      
Unrealized gains (losses) arising during the period (352) 1,213 (141)
(Gains) losses reclassified into earnings (66) (584) 226
Other comprehensive (loss) income, net of taxes (418) 629 85
(Losses) gains arising during the period      
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]      
Unrealized gains (losses) arising during the period (115) (28) 846
Amortization of actuarial loss and prior service benefit      
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]      
(Gains) losses reclassified into earnings 1 14 63
Curtailments, settlements and other      
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]      
(Gains) losses reclassified into earnings 0 (1) (27)
Change in unrealized components of defined benefit plans      
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]      
Unrealized gains (losses) arising during the period (115)    
(Gains) losses reclassified into earnings 1    
Other comprehensive (loss) income, net of taxes (114) (15) 882
Change in cumulative translation adjustment      
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]      
Unrealized gains (losses) arising during the period 23    
(Gains) losses reclassified into earnings 0    
Change in cumulative translation adjustment $ 23 $ (75) $ 27
v3.23.3
Stockholders’ Deficit - Accumulated Other Comprehensive (Loss) Income, Net of Taxes (Details) - USD ($)
$ in Millions
 12 Months Ended
Oct. 31, 2023
Oct. 31, 2022
Oct. 31, 2021
Components of accumulated other comprehensive income, net of taxes      
Balance at beginning of period $ (3,025) $ (1,644) $ (2,275)
Other comprehensive gains (losses) before reclassifications (443)    
(Gains) losses reclassified into earnings (65)    
Balance at end of period (1,069) (3,025) (1,644)
Accumulated other comprehensive loss      
Components of accumulated other comprehensive income, net of taxes      
Balance at beginning of period 285 (245) (1,243)
Balance at end of period (223) 285 (245)
Net unrealized gains on available-for-sale securities      
Components of accumulated other comprehensive income, net of taxes      
Balance at beginning of period 6    
Other comprehensive gains (losses) before reclassifications 1 (9) 4
(Gains) losses reclassified into earnings 0    
Balance at end of period 7 6  
Net unrealized gains (losses) on cash flow hedges      
Components of accumulated other comprehensive income, net of taxes      
Balance at beginning of period 648    
Other comprehensive gains (losses) before reclassifications (352) 1,213 (141)
(Gains) losses reclassified into earnings (66) (584) $ 226
Balance at end of period 230 648  
Unrealized components of defined benefit plans      
Components of accumulated other comprehensive income, net of taxes      
Balance at beginning of period (323)    
Other comprehensive gains (losses) before reclassifications (115)    
(Gains) losses reclassified into earnings 1    
Balance at end of period (437) (323)  
Change in cumulative translation adjustment      
Components of accumulated other comprehensive income, net of taxes      
Balance at beginning of period (46)    
Other comprehensive gains (losses) before reclassifications 23    
(Gains) losses reclassified into earnings 0    
Balance at end of period $ (23) $ (46)  
v3.23.3
Earnings Per Share (Details) - USD ($)
$ / shares in Units, shares in Millions, $ in Millions
 12 Months Ended
Oct. 31, 2023
Oct. 31, 2022
Oct. 31, 2021
Numerator:      
Net earnings, basic $ 3,263 $ 3,132 $ 6,541
Net earnings, diluted $ 3,263 $ 3,132 $ 6,541
Denominator:      
Weighted-average shares used to compute basic net EPS (in shares) 992 1,038 1,208
Dilutive effect of employee stock plans (in shares) 8 12 12
Weighted-average shares used to compute diluted net EPS (in shares) 1,000 1,050 1,220
Net earnings per share:      
Basic (in dollars per share) $ 3.29 $ 3.02 $ 5.41
Diluted (in dollars per share) $ 3.26 $ 2.98 $ 5.36
Anti dilutive weighted-average stock-based compensation awards (in shares) 4 4 2
v3.23.3
Litigation and Contingencies (Details)
$ in Millions
 1 Months Ended 17 Months Ended
Mar. 19, 2021
patent
Aug. 18, 2016
age
Oct. 01, 2015
USD ($)
Apr. 17, 2015
USD ($)
employee
subsidiary
Jan. 24, 2013
USD ($)
Dec. 11, 2012
USD ($)
Apr. 21, 2012
USD ($)
May 10, 2010
USD ($)
employee
Oct. 31, 2020
patent
Sep. 30, 2020
patent
Apr. 30, 2022
claim
Apr. 20, 2012
USD ($)
Apr. 11, 2012
USD ($)
Philips Patent Litigation                          
Litigation and Contingencies                          
Patents allegedly infringed | patent                   4      
Patents withdrawn | patent                 2        
Caltech Patent Litigation                          
Litigation and Contingencies                          
Patents allegedly infringed | patent 5                        
Dynamic Security Class Actions                          
Litigation and Contingencies                          
Class actions filed | claim                     2    
Forsyth, et al. vs. HP Inc. and Hewlett Packard Enterprise                          
Litigation and Contingencies                          
Minimum age of plaintiffs | age   40                      
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                          
Aggregate damages sought       $ 5,000                  
Number of subsidiaries | subsidiary       4                  
Number of members | employee       2                  
Autonomy-Related Legal Matters | Autonomy | Mr. Lynch                          
Litigation and Contingencies                          
Aggregate damages sought     $ 160                    
v3.23.3
Guarantees, Indemnifications and Warranties (Details) - USD ($)
$ in Millions
 12 Months Ended
Oct. 31, 2023
Oct. 31, 2022
Changes in aggregated product warranty liabilities    
Balance at beginning of year $ 876 $ 959
Accruals for warranties issued 689 948
Adjustments related to pre-existing warranties (including changes in estimates) 17 (43)
Settlements made (in cash or in kind) (876) (988)
Balance at end of year $ 706 $ 876
v3.23.3
Commitments - Unconditional Purchase Obligations (Details)
$ in Millions
Oct. 31, 2023
USD ($)
Commitments and Contingencies Disclosure [Abstract]  
Unconditional purchase obligations $ 1,861
Fiscal year  
2024 758
2025 758
2026 129
2027 121
2028 77
Thereafter 18
Total $ 1,861
v3.23.3
Leases - Narrative (Details)
Oct. 31, 2023
Oct. 31, 2022
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
Minimum    
Lessee, Lease, Description [Line Items]    
Operating lease term 1 year  
Maximum    
Lessee, Lease, Description [Line Items]    
Operating lease term 11 years  
v3.23.3
Leases - Components of Lease Expense (Details) - USD ($)
$ in Millions
 12 Months Ended
Oct. 31, 2023
Oct. 31, 2022
Leases [Abstract]    
Operating lease cost $ 234 $ 233
Variable cost 102 99
Total lease expense $ 336 $ 332
v3.23.3
Leases - Supplemental Cash Flow Information (Details) - USD ($)
$ in Millions
 12 Months Ended
Oct. 31, 2023
Oct. 31, 2022
Leases [Abstract]    
Cash paid for amount included in the measurement of lease liabilities $ 231 $ 233
Right-of-use assets obtained in exchange of lease liabilities $ 312 $ 363
Weighted-average remaining lease term in years 4 years 6 months 5 years
Weighted-average discount rate 6.10% 5.20%
v3.23.3
Leases - Operating Lease Payments (Details)
$ in Millions
Oct. 31, 2023
USD ($)
Lessee, Operating Lease, Liability, Payment, Due [Abstract]  
2024 $ 485
2025 357
2026 182
2027 124
2028 76
Thereafter 165
Total lease payments 1,389
Less: Imputed interest 134
Total lease liabilities $ 1,255
v3.23.3
Acquisitions - Narrative (Details)
$ in Millions
 12 Months Ended
Oct. 31, 2022
USD ($)
acquisition
Oct. 31, 2023
USD ($)
Oct. 31, 2021
USD ($)
Business Combination, Separately Recognized Transactions [Line Items]      
Number of acquisitions | acquisition 2    
Goodwill $ 8,541 $ 8,591 $ 6,803
Poly      
Business Combination, Separately Recognized Transactions [Line Items]      
Purchase consideration 2,800    
Goodwill 1,800    
Amortizable intangible assets $ 1,400    
v3.23.3
Acquisitions - Fair Value of Assets and Liabilities (Details) - USD ($)
$ in Millions
Oct. 31, 2023
Oct. 31, 2022
Oct. 31, 2021
Business Combination, Separately Recognized Transactions [Line Items]      
Goodwill $ 8,591 $ 8,541 $ 6,803
Acquisitions in fiscal 2022      
Business Combination, Separately Recognized Transactions [Line Items]      
Goodwill   1,793  
Amortizable intangible assets   1,429  
Net assets acquired   (364)  
Total fair value of consideration   $ 2,858