HP INC, 10-Q filed on 5/31/2023
Quarterly Report
v3.23.1
Cover Page
 6 Months Ended
Apr. 30, 2023
shares
Cover [Abstract]  
Document Type 10-Q
Document Quarterly Report true
Document Period End Date Apr. 30, 2023
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 $0.01 per share
Trading Symbol HPQ
Security Exchange Name NYSE
Entity Current Reporting Status Yes
Entity Interactive Data Current Yes
Entity Filer Category Large Accelerated Filer
Entity Small Business false
Entity Emerging Growth Company false
Entity Shell Company false
Entity Common Stock, Shares Outstanding 985,956,114
Entity Central Index Key 0000047217
Amendment Flag false
Current Fiscal Year End Date --10-31
Document Fiscal Year Focus 2023
Document Fiscal Period Focus Q2
v3.23.1
Consolidated Condensed Statements of Earnings (Unaudited) - USD ($)
shares in Thousands, $ in Millions
 3 Months Ended 6 Months Ended
Apr. 30, 2023
Apr. 30, 2022
Apr. 30, 2023
Apr. 30, 2022
Income Statement [Abstract]        
Net revenue $ 12,913 $ 16,490 $ 26,741 $ 33,518
Costs and expenses:        
Cost of revenue 9,984 13,157 21,003 26,800
Research and development 410 425 813 843
Selling, general and administrative 1,398 1,464 2,729 2,932
Restructuring and other charges 200 82 341 150
Acquisition and divestiture charges 73 32 157 52
Amortization of intangible assets 86 52 171 104
Total costs and expenses 12,151 15,212 25,214 30,881
Earnings from operations 762 1,278 1,527 2,637
Interest and other, net (160) (39) (341) (71)
Earnings before taxes 602 1,239 1,186 2,566
Benefit from (provision for) taxes 464 (239) 367 (480)
Net earnings $ 1,066 $ 1,000 $ 1,553 $ 2,086
Net earnings per share:        
Basic (usd per share) $ 1.08 $ 0.95 $ 1.57 $ 1.96
Diluted (usd per share) $ 1.07 $ 0.94 $ 1.56 $ 1.94
Weighted-average shares used to compute net earnings per share:        
Basic (in shares) 991,000 1,050,000 990,000 1,066,000
Diluted (in shares) 998,000 1,062,000 997,000 1,078,000
v3.23.1
Consolidated Condensed Statements of Comprehensive Income (Unaudited) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Apr. 30, 2023
Apr. 30, 2022
Apr. 30, 2023
Apr. 30, 2022
Statement of Comprehensive Income [Abstract]        
Net earnings $ 1,066 $ 1,000 $ 1,553 $ 2,086
Change in unrealized components of available-for-sale debt securities:        
Unrealized (loss) gains arising during the period 0 (4) 4 (6)
Change in unrealized components of cash flow hedges:        
Unrealized (losses) gains arising during the period (66) 603 (689) 902
Losses (gains) reclassified into earnings 162 (120) (172) (164)
Change in unrealized components of cash flow hedges 96 483 (861) 738
Change in unrealized components of defined benefit plans:        
Gains (losses) arising during the period 6 1 (32) 22
Amortization of actuarial loss and prior service benefit 0 5 0 11
Curtailments, settlements and other (1) 0 0 0
Change in unrealized components of defined benefit plans 5 6 (32) 33
Change in cumulative translation adjustment 9 (32) 38 (42)
Other comprehensive income (loss) before taxes 110 453 (851) 723
(Provision for) benefit from taxes (22) (90) 170 (116)
Other comprehensive income (loss), net of taxes 88 363 (681) 607
Comprehensive income $ 1,154 $ 1,363 $ 872 $ 2,693
v3.23.1
Consolidated Condensed Balance Sheets (Unaudited) - USD ($)
$ in Millions
Apr. 30, 2023
Oct. 31, 2022
Current assets:    
Cash, cash equivalents and restricted cash $ 1,940 $ 3,145
Accounts receivable, net of allowance for credit losses of $92 and $107, respectively 4,137 4,546
Inventory 7,221 7,595
Other current assets 3,725 4,515
Total current assets 17,023 19,801
Property, plant and equipment, net 2,771 2,774
Goodwill 8,618 8,541
Other non-current assets 7,954 7,471
Total assets 36,366 38,587
Current liabilities:    
Notes payable and short-term borrowings 240 218
Accounts payable 13,317 15,284
Other current liabilities 10,477 10,651
Total current liabilities 24,034 26,153
Long-term debt 10,360 10,796
Other non-current liabilities 4,456 4,556
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; 986 and 980 shares issued and outstanding at April 30, 2023 and October 31, 2022, respectively) 10 10
Additional paid-in capital 1,344 1,172
Accumulated deficit (3,470) (4,413)
Accumulated other comprehensive (loss) income (368) 313
Total stockholders’ deficit (2,484) (2,918)
Total liabilities and stockholders’ deficit $ 36,366 $ 38,587
v3.23.1
Consolidated Condensed Balance Sheets (Unaudited) (Parenthetical) - USD ($)
$ in Millions
Apr. 30, 2023
Oct. 31, 2022
Statement of Financial Position [Abstract]    
Allowance for credit loss $ 92 $ 107
Preferred stock, par value (usd 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 (usd 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) 986,000,000 980,000,000
Common stock, shares outstanding (in shares) 986,000,000 980,000,000
v3.23.1
Consolidated Condensed Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
 6 Months Ended
Apr. 30, 2023
Apr. 30, 2022
Cash flows from operating activities:    
Net earnings $ 1,553 $ 2,086
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation and amortization 421 390
Stock-based compensation expense 262 203
Restructuring and other charges 341 150
Deferred taxes on earnings (817) (5)
Other, net 36 304
Changes in operating assets and liabilities, net of acquisitions:    
Accounts receivable 426 91
Inventory 354 (1,270)
Accounts payable (1,914) 981
Net investment in leases (51) (41)
Taxes on earnings 329 (23)
Restructuring and other (167) (146)
Other assets and liabilities (153) (555)
Net cash provided by operating activities 620 2,165
Cash flows from investing activities:    
Investment in property, plant and equipment, net (322) (451)
Purchases of available-for-sale securities and other investments (5) (8)
Maturities and sales of available-for-sale securities and other investments 18 7
Collateral (posted) returned for derivative instruments (127) 14
Payment made in connection with business acquisitions, net of cash acquired (5) (24)
Net cash used in investing activities (441) (462)
Cash flows from financing activities:    
Payment of short-term borrowings with original maturities less than 90 days, net (10) (400)
Proceeds from debt, net of issuance costs 117 2,060
Payment of debt (587) (96)
Stock-based award activities and others (86) (97)
Repurchase of common stock (100) (2,518)
Cash dividends paid (518) (533)
Collateral returned for derivative instruments (200) 0
Settlement of cash flow hedges 0 59
Net cash used in financing activities (1,384) (1,525)
(Decrease) increase in cash, cash equivalents and restricted cash (1,205) 178
Cash, cash equivalents and restricted cash at beginning of period 3,145 4,299
Cash, cash equivalents and restricted cash at end of period $ 1,940 $ 4,477
v3.23.1
Consolidated Condensed Statements of Stockholders Deficit (Unaudited) - USD ($)
$ in Millions
Total
Common Stock
Additional Paid-in Capital
Accumulated Deficit
Accumulated Other Comprehensive Income (Loss)
Balance (in shares) at Oct. 31, 2021   1,092,205,000      
Balance at beginning of period at Oct. 31, 2021 $ (1,650) $ 11 $ 1,060 $ (2,461) $ (260)
Increase (Decrease) in Stockholders' Equity          
Net earnings 2,086     2,086  
Other comprehensive income, net of taxes 607       607
Comprehensive income 2,693        
Issuance of common stock in connection with employee stock plans and other (in shares)   10,384,000      
Issuance of common stock in connection with employee stock plans and other $ (113)   (113)    
Repurchases of common stock (in shares) (69,000,000) (69,197,000)      
Repurchases of common stock (Note 10) $ (2,498) $ (1) (69) (2,428)  
Cash dividends (533)     (533)  
Stock-based compensation expense 203   203    
Balance (in shares) at Apr. 30, 2022   1,033,392,000      
Balance at end of period at Apr. 30, 2022 (1,898) $ 10 1,081 (3,336) 347
Balance (in shares) at Jan. 31, 2022   1,059,900,000      
Balance at beginning of period at Jan. 31, 2022 (2,328) $ 11 1,046 (3,369) (16)
Increase (Decrease) in Stockholders' Equity          
Net earnings 1,000     1,000  
Other comprehensive income, net of taxes 363       363
Comprehensive income 1,363        
Issuance of common stock in connection with employee stock plans and other (in shares)   608,000      
Issuance of common stock in connection with employee stock plans and other $ (7)   (7)    
Repurchases of common stock (in shares) (27,000,000) (27,116,000)      
Repurchases of common stock (Note 10) $ (999) $ (1) (28) (970)  
Cash dividends 3     3  
Stock-based compensation expense 70   70    
Balance (in shares) at Apr. 30, 2022   1,033,392,000      
Balance at end of period at Apr. 30, 2022 $ (1,898) $ 10 1,081 (3,336) 347
Balance (in shares) at Oct. 31, 2022 980,000,000 979,869,000      
Balance at beginning of period at Oct. 31, 2022 $ (2,918) $ 10 1,172 (4,413) 313
Increase (Decrease) in Stockholders' Equity          
Net earnings 1,553     1,553  
Other comprehensive income, net of taxes (681)       (681)
Comprehensive income 872        
Issuance of common stock in connection with employee stock plans and other (in shares)   9,631,000      
Issuance of common stock in connection with employee stock plans and other $ (86)   (86)    
Repurchases of common stock (in shares) (3,600,000) (3,624,000)      
Repurchases of common stock (Note 10) $ (100)   (4) (96)  
Cash dividends (514)     (514)  
Stock-based compensation expense $ 262   262    
Balance (in shares) at Apr. 30, 2023 986,000,000 985,876,000      
Balance at end of period at Apr. 30, 2023 $ (2,484) $ 10 1,344 (3,470) (368)
Balance (in shares) at Jan. 31, 2023   985,089,000      
Balance at beginning of period at Jan. 31, 2023 (3,730) $ 10 1,256 (4,540) (456)
Increase (Decrease) in Stockholders' Equity          
Net earnings 1,066     1,066  
Other comprehensive income, net of taxes 88       88
Comprehensive income 1,154        
Issuance of common stock in connection with employee stock plans and other (in shares)   787,000      
Issuance of common stock in connection with employee stock plans and other $ (7)   (7)    
Repurchases of common stock (in shares) 0        
Cash dividends $ 4     4  
Stock-based compensation expense $ 95   95    
Balance (in shares) at Apr. 30, 2023 986,000,000 985,876,000      
Balance at end of period at Apr. 30, 2023 $ (2,484) $ 10 $ 1,344 $ (3,470) $ (368)
v3.23.1
Consolidated Condensed Statements of Stockholders’ Deficit (Unaudited) (Parenthetical) - $ / shares
 6 Months Ended
Apr. 30, 2023
Apr. 30, 2022
Statement of Stockholders' Equity [Abstract]    
Cash dividends per share (usd per share) $ 0.53 $ 0.50
v3.23.1
Basis of Presentation
 6 Months Ended
Apr. 30, 2023
Accounting Policies [Abstract]  
Basis of Presentation Basis of Presentation
Basis of Presentation
The accompanying Consolidated Condensed Financial Statements of HP and its wholly-owned subsidiaries are prepared in conformity with United States (“U.S.”) generally accepted accounting principles (“GAAP”). The interim financial information is unaudited but reflects all normal adjustments that are necessary to provide a fair statement of results for the interim periods presented. This interim information should be read in conjunction with the Consolidated Financial Statements for the fiscal year ended October 31, 2022 in HP’s Annual Report on Form 10-K, filed on December 6, 2022. The Consolidated Condensed Balance Sheet for October 31, 2022 was derived from audited financial statements.
Principles of Consolidation
The Consolidated Condensed Financial Statements include the accounts of HP and its subsidiaries and affiliates in which HP has a controlling financial interest or is the primary beneficiary. All intercompany balances and transactions have been eliminated.
Reclassifications
HP has reclassified certain prior-year amounts to conform to the current-year presentation.
Use of Estimates
The preparation of financial statements in accordance with U.S. GAAP requires management to make estimates and assumptions that affect the amounts reported in HP’s Consolidated Condensed Financial Statements and accompanying notes. Actual results may differ materially from those estimates. As of April 30, 2023, the extent to which the current macroeconomic factors will impact our business going forward depends on numerous dynamic factors which we cannot reliably predict. As a result, many of our estimates and assumptions required increased judgment and may carry a higher degree of variability and volatility. As the events continue to evolve with respect to the ongoing macroeconomic factors, our estimates may materially change in future periods.
Recently Issued Accounting Pronouncements Not Yet Adopted
In November 2021, the FASB issued guidance that enhances the transparency of government assistance by requiring annual disclosure of the types of assistance received, an entity’s accounting for the assistance, and the effect of the assistance on the entity’s financial statements. HP is required to adopt the guidance for its annual period ending on October 31, 2023. Early adoption is permitted. HP is currently evaluating the impact of this guidance on its disclosures.
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 is required to adopt the guidance in the first quarter of fiscal year 2024, except for the amendment on roll forward information which is effective one year later. Early adoption is permitted. HP is currently evaluating the impact of this guidance on its disclosures.
v3.23.1
Segment Information
 6 Months Ended
Apr. 30, 2023
Segment Reporting [Abstract]  
Segment Information Segment Information
HP is a leading global provider of personal computing and other access devices, imaging and printing products, and related technologies, solutions and services. HP sells to individual consumers, small- and medium-sized businesses (“SMBs”) and large enterprises, including customers in the government, health and education sectors. HP goes to market through its extensive channel network and direct sales.
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.
A summary description of each segment is as follows:
Personal Systems offers commercial and consumer customers desktops and notebooks, workstations, thin clients, commercial mobility devices, retail point-of-sale (“POS”) systems, displays, hybrid systems (includes video conferencing solutions, cameras, headsets, voice, and related software capabilities including all products and solutions acquired from Poly), software, support and services. HP groups commercial notebooks, commercial desktops, commercial services, commercial mobility devices, commercial detachables and convertibles, workstations, retail POS systems and thin clients into commercial (“Commercial PS”), and consumer notebooks, consumer desktops, consumer services and consumer detachables into consumer (“Consumer PS”) when describing performance in these markets. Commercial and Consumer services include support and deployment, configurations and extended warranty services.
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 provides consumer and commercial printer hardware, supplies, services and solutions. Printing is also focused on imaging solutions in the commercial and industrial markets. Described below are HP’s global business capabilities within Printing.
•Office Printing Solutions delivers HP’s office printers, supplies, services and solutions to SMBs and large enterprises. It also includes OEM hardware and solutions.
•Home Printing Solutions delivers innovative printing products, supplies, services and solutions for the home, home business and micro business customers utilizing both HP’s Ink and Laser technologies.
•Graphics Solutions delivers large-format, commercial and industrial solutions and supplies to print service providers and packaging converters through a wide portfolio of printers and presses (HP DesignJet, HP Latex, HP Indigo and HP PageWide Web Presses).
•3D Printing & Digital Manufacturing offers a portfolio of additive manufacturing solutions and supplies to help customers succeed in their additive and digital manufacturing journey. HP offers complete solutions in collaboration with an ecosystem of partners.
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 digital manufacturing, 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 and amortization of intangible assets.
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.
HP has reflected these changes to its prior reporting periods on an as-if basis. The reporting change had no impact to previously reported segment net revenue, consolidated net revenue, net earnings or net earnings per share (“EPS”).
Segment Operating Results from Operations and the reconciliation to HP consolidated results were as follows:
 Three months ended April 30Six months ended April 30
 2023202220232022
In millions
Net revenue:
Commercial PS$5,922 $7,817 $12,351 $15,674 
Consumer PS2,254 3,715 5,040 8,054 
Personal Systems8,176 11,532 17,391 23,728 
Supplies3,006 3,131 5,863 6,199 
Commercial Printing1,089 1,042 2,145 2,081 
Consumer Printing641 790 1,340 1,514 
Printing4,736 4,963 9,348 9,794 
Corporate Investments3 — 4 1 
Total segment net revenue12,915 16,495 26,743 33,523 
Other(2)(5)(2)(5)
Total net revenue$12,913 $16,490 $26,741 $33,518 
  
Earnings before taxes:
Personal Systems$445 $794 $942 $1,748 
Printing899 949 1,769 1,821 
Corporate Investments(38)(52)(71)(126)
Total segment earnings from operations1,306 1,691 2,640 3,443 
Corporate and unallocated costs and other(90)(177)(182)(297)
Stock-based compensation expense(95)(70)(262)(203)
Restructuring and other charges(200)(82)(341)(150)
Acquisition and divestiture charges(73)(32)(157)(52)
Amortization of intangible assets(86)(52)(171)(104)
Interest and other, net(160)(39)(341)(71)
Total earnings before taxes$602 $1,239 $1,186 $2,566 
v3.23.1
Restructuring and Other Charges
 6 Months Ended
Apr. 30, 2023
Restructuring and Related Activities [Abstract]  
Restructuring and Other Charges Restructuring and Other Charges
Summary of Restructuring Plans
HP’s restructuring activities for the six months ended April 30, 2023 and 2022 summarized by plan were as follows:
Fiscal 2023 Plan
Severance and EERNon-labor
Other prior-year plans(1)
Total
In millions
Accrued balance as of October 31, 2022$— $— $32 $32 
Charges294 13 2 309 
Cash payments(92)(8)(35)(135)
Non-cash and other adjustments(141)(2)(5)3 (143)
Accrued balance as of April 30, 2023$61 $— $2 $63 
Total costs incurred to date as of April 30, 2023$294 $13 $867 $1,174 
Reflected in Consolidated Condensed Balance Sheets
Other current liabilities$61 $— $2 $63 
Accrued balance as of October 31, 2021$— $— $75 $75 
Charges— — 145 145 
Cash payments— — (141)(141)
Non-cash and other adjustments— — (32)(32)
Accrued balance as of April 30, 2022$— $— $47 $47 

HP’s restructuring charges for the three months ended April 30, 2023 summarized by the plans outlined below were as follows:
Fiscal 2023 Plan
Severance and EERNon-labor
Other prior-year plans(1)
Total
In millions
For the three months ended April 30, 2023$172 $4 $2 $178 
(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”) program of $139 million for pension and post-retirement plan special termination benefits. 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 relating to labor and non-labor actions. HP expects to incur 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 costs. For the three and six months ended April 30, 2023, HP incurred $22 million
and $32 million of other charges, respectively. For the three and six months ended April 30, 2022, HP incurred $4 million and $5 million of other charges, respectively.
v3.23.1
Retirement and Post-Retirement Benefit Plans
 6 Months Ended
Apr. 30, 2023
Retirement Benefits [Abstract]  
Retirement and Post-Retirement Benefit Plans Retirement and Post-Retirement Benefit Plans
The components of HP’s pension and post-retirement benefit (credit) cost recognized in the Consolidated Condensed Statements of Earnings were as follows:

 Three months ended April 30
 U.S. Defined Benefit PlansNon-U.S. Defined Benefit PlansPost-Retirement Benefit Plans
 202320222023202220232022
 In millions
Service cost$— $— $11 $14 $— $— 
Interest cost55 40 10 5 3 2 
Expected return on plan assets(64)(75)(13)(12)(3)(2)
Amortization and deferrals:      
Actuarial loss (gain)4 2 1 9 (4)(4)
Prior service cost (credit)— — 2 1 (3)(3)
Net periodic benefit (credit) cost(5)(33)11 17 (7)(7)
Settlement loss — — (1)— — — 
Special termination benefit cost105 — — — 34 — 
Total periodic benefit (credit) cost$100 $(33)$10 $17 $27 $(7)
 Six months ended April 30
 U.S. Defined Benefit PlansNon-U.S. Defined Benefit PlansPost- Retirement Benefit Plans
 202320222023202220232022
 In millions
Service cost$— $— $20 $28 $— $— 
Interest cost109 80 20 11 7 4 
Expected return on plan assets(129)(149)(26)(25)(6)(4)
Amortization and deferrals:
Actuarial loss (gain)9 3 2 19 (8)(8)
Prior service cost (credit)— — 3 3 (6)(6)
Net periodic benefit (credit) cost(11)(66)19 36 (13)(14)
Special termination benefit cost105 — — — 34 — 
Total periodic benefit (credit) cost$94 $(66)$19 $36 $21 $(14)
Employer Contributions and Funding Policy
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.
During fiscal year 2023, HP anticipates making contributions of approximately $36 million to its non-U.S. pension plans, approximately $32 million to its U.S. non-qualified plan participants and approximately $4 million to cover benefit claims under HP’s post-retirement benefit plans. During the six months ended April 30, 2023, HP contributed $21 million to its non-U.S. pension plans, paid $13 million to cover benefit payments to U.S. non-qualified plan participants and paid $3 million to cover benefit claims under HP’s post-retirement benefit plans.
HP’s pension and other post-retirement benefit costs and obligations depend on various assumptions. Differences between expected and actual returns on investments and changes in discount rates and other actuarial assumptions are reflected as unrecognized gains or losses, and such gains or losses are amortized to earnings in future periods. A deterioration in the funded
status of a plan could result in a need for additional contributions or an increase in net pension and post-retirement benefit costs in future periods. Actuarial gains or losses are determined at the measurement date and amortized over the remaining service life for active plans or the life expectancy of plan participants for frozen plans.
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 are leaving 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 each of the three and six months ended April 30, 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 each of the three and six months ended April 30, 2023 for the health care incentives.
v3.23.1
Taxes on Earnings
 6 Months Ended
Apr. 30, 2023
Income Tax Disclosure [Abstract]  
Taxes on Earnings Taxes on Earnings
Provision for Taxes
HP’s effective tax rate was (77.1)% and 19.3% for the three months ended April 30, 2023 and 2022, respectively, and (30.9)% and 18.7% for the six months ended April 30, 2023 and 2022, respectively. The difference between the U.S. federal statutory tax rate of 21% and HP’s effective tax rate for the three and six months ended April 30, 2023 was primarily due to tax effects of internal reorganization. The difference between the U.S. federal statutory tax rate of 21% and HP’s effective tax rate for the three and six months ended April 30, 2022 was primarily due to tax effects of favorable tax rates associated with certain earnings from HP’s operations in lower-tax jurisdictions throughout the world.
During the three and six months ended April 30, 2023, HP recorded $636 million and $692 million, respectively, of net income tax benefits related to discrete items in the provision for taxes. These amounts included income tax benefits of $691 million and $697 million related to tax effects of internal reorganization, $36 million and $66 million related to restructuring charges, and $13 million and $27 million related to acquisition and divestiture charges for the three and six months ended April 30, 2023, respectively. The six months ended April 30, 2023 also included $11 million of other net tax benefits. These benefits were partially offset by income tax charges of $62 million and $58 million related to audit settlements in various jurisdictions, $34 million and $36 million related to the filing of tax returns in various jurisdictions, and $8 million and $15 million of uncertain tax position charges for the three and six months ended April 30, 2023, respectively. During the three and six months ended April 30, 2023, discrete items in the provision for taxes and excess tax benefits associated with stock options, restricted stock units and performance-adjusted restricted stock units were immaterial.
During the three and six months ended April 30, 2022, HP recorded $8 million and $35 million, respectively, of net income tax charges related to discrete items in the provision for taxes. These amounts included income tax charges of $18 million related to the filing of tax returns in various jurisdictions for the six months ended April 30, 2022 and $17 million and $56 million related to withholding taxes on undistributed foreign earnings for the three and six months ended April 30, 2022, respectively. These charges were partially offset by income tax benefits of $20 million and $31 million related to restructuring charges and $7 million and $8 million related to other tax benefits for the three and six months ended April 30, 2022, respectively. In addition to the discrete items mentioned above, HP recorded excess tax benefits of $36 million associated with stock options, restricted stock units and performance-adjusted restricted stock units for the six months ended April 30, 2022.
Uncertain Tax Positions
As of April 30, 2023, the amount of gross unrecognized tax benefits was $1.1 billion, of which up to $853 million would affect HP’s effective tax rate if realized. Total gross unrecognized tax benefits increased by $95 million for the six months ended April 30, 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 Condensed Statements of Earnings. As of April 30, 2023 and 2022, HP had accrued $86 million and $81 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 $67 million within the next 12 months, affecting HP’s effective tax rate if realized.
HP is subject to income tax in the United States and approximately 60 other countries and is subject to routine corporate income tax audits in many of these jurisdictions. In addition, HP is subject to numerous ongoing audits by federal, state and foreign tax authorities. The Internal Revenue Service (“IRS”) is conducting an audit of HP’s 2018 and 2019 income tax returns.
v3.23.1
Supplementary Financial Information
 6 Months Ended
Apr. 30, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Supplementary Financial Information Supplementary Financial Information
Cash, cash equivalents and restricted cash
 As of
 April 30, 2023October 31, 2022
 In millions
Cash and cash equivalents$1,923 $3,145 
Restricted cash(1)
17 — 
$1,940 $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:
 Six months ended April 30, 2023
 In millions
Balance at beginning of period$107 
Benefit of allowance for credit losses(10)
Deductions, net of recoveries(5)
Balance at end of period$92 
HP utilizes certain third-party arrangements in the normal course of business as part of HPs cash and liquidity management and also to provide liquidity to certain partners to facilitate their working capital requirements. These financing arrangements, which in certain circumstances may contain partial recourse, result in a transfer of HP’s receivables and risk to the third-party. As these transfers qualify as true sales under the applicable accounting guidance, the receivables are de-recognized from the Consolidated Condensed 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 similar transactions and reported as a current liability in the Consolidated Condensed Balance Sheets. The recourse obligations as of April 30, 2023 and October 31, 2022 were not material.
The following is a summary of the activity under these arrangements:
Three months ended April 30Six months ended April 30
 2023 20222023 2022
 In millions
Balance at beginning of period(1)
$128 $121 $185 $131 
Trade receivables sold3,179 3,002 6,857 5,969 
Cash receipts(3,136)(2,941)(6,888)(5,914)
Foreign currency and other3 (9)20 (13)
Balance at end of period(1)
$174 $173 $174 $173 
(1) Amounts outstanding from third parties reported in Accounts receivable in the Consolidated Condensed Balance Sheets.
Inventory
 As of
 April 30, 2023October 31, 2022
 In millions
Finished goods$3,986 $4,885 
Purchased parts and fabricated assemblies3,235 2,710 
$7,221 $7,595 

Other Current Assets
 As of
 April 30, 2023October 31, 2022
 In millions
Prepaid and other current assets$1,539 $2,170 
Supplier and other receivables1,299 1,377 
Value-added taxes receivable887 968 
$3,725 $4,515 

Property, Plant and Equipment, net
 As of
 April 30, 2023October 31, 2022
 In millions
Land, buildings and leasehold improvements$2,273 $2,255 
Machinery and equipment, including equipment held for lease5,361 5,337 
7,634 7,592 
Accumulated depreciation(4,863)(4,818)
$2,771 $2,774 

Other Non-Current Assets
 As of
 April 30, 2023October 31, 2022
 In millions
Deferred tax assets$3,092 $2,159 
Intangible assets1,776 1,933 
Right-of-use assets1,241 1,236 
Prepaid pension and post-retirement benefit assets541 679 
Deposits and prepaids504 474 
Other800 990 
$7,954 $7,471 
Other Current Liabilities
 As of
 April 30, 2023October 31, 2022
 In millions
Sales and marketing programs$2,913 $2,967 
Deferred revenue1,377 1,393 
Other accrued taxes1,024 1,064 
Employee compensation and benefit998 954 
Warranty580 619 
Operating lease liabilities451 405 
Tax liability379 286 
Other2,755 2,963 
$10,477 $10,651 

Other Non-Current Liabilities
 As of
 April 30, 2023October 31, 2022
In millions
Deferred revenue$1,215 $1,171 
Tax liability934 931 
Operating lease liability885 875 
Pension, post-retirement, and post-employment liabilities599 600 
Deferred tax liability37 121 
Other786 858 
$4,456 $4,556 

Interest and other, net
 Three months ended April 30Six months ended April 30
 202320222023 2022
 In millions
Interest expense on borrowings$(153)$(74)$(297)$(136)
Loss on extinguishment of debt— — (8)— 
Non-operating retirement-related credits$13 $36 25 72 
Factoring costs(1)
(30)— (62)— 
Other, net10 (1)1 (7)
$(160)$(39)$(341)$(71)
(1) For the three and six months ended April 30, 2022, Factoring costs were included in Selling, general and administrative and were not material.
Net revenue by region
Three months ended April 30Six months ended April 30
 202320222023 2022
 In millions
Americas$5,452 $6,903 $11,225 $13,762 
Europe, Middle East and Africa4,388 6,022 9,028 11,958 
Asia-Pacific and Japan3,073 3,565 6,488 7,798 
Total net revenue$12,913 $16,490 $26,741 $33,518 

Value of Remaining Performance Obligations
    As of April 30, 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.
Contract Liabilities
As of April 30, 2023 and October 31, 2022, HP’s contract liabilities balances were $2.6 billion and $2.5 billion, respectively, included in Other current liabilities and Other non-current liabilities in the Consolidated Condensed Balance Sheets.
The increase in the contract liabilities balance for the six months ended April 30, 2023, was primarily driven by sales of fixed-price support and maintenance services, partially offset by $0.8 billion of revenue recognized that was included in the contract liabilities balance as of October 31, 2022.
v3.23.1
Fair Value
 6 Months Ended
Apr. 30, 2023
Fair Value Disclosures [Abstract]  
Fair Value Fair Value
Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability (an exit price) in an orderly transaction between market participants at the measurement date.
Fair Value Hierarchy
HP uses valuation techniques that are based upon observable and unobservable inputs. Observable inputs are developed using market data such as publicly available information and reflect the assumptions market participants would use, while unobservable inputs are developed using the best information available about the assumptions market participants would use. Assets and liabilities are classified in the fair value hierarchy based on the lowest level input that is significant to the fair value measurement:
Level 1—Quoted prices (unadjusted) in active markets for identical assets or liabilities.
Level 2—Quoted prices for similar assets or liabilities in active markets, quoted prices for identical or similar assets or liabilities in markets that are not active, inputs other than quoted prices that are observable for the asset or liability and market-corroborated inputs.
Level 3—Unobservable inputs for the asset or liability.
The fair value hierarchy gives the highest priority to observable inputs and lowest priority to unobservable inputs.
    The following table presents HP’s assets and liabilities that are measured at fair value on a recurring basis:
 As of April 30, 2023As of October 31, 2022
 Fair Value Measured UsingFair Value Measured Using
 Level 1Level 2Level 3TotalLevel 1Level 2Level 3Total
 In millions
Assets:        
Cash Equivalents:        
Corporate debt$— $607 $— $607 $— $904 $— $904 
Government debt(1)
374 — — 374 1,289 — — 1,289 
Available-for-Sale Investments:
Financial institution instruments— 3 — 3 — 5 — 5 
Marketable securities and mutual funds
5 48 — 53 17 41 — 58 
Derivative Instruments:     
Foreign currency contracts— 287 — 287 — 1,088 — 1,088 
Other derivatives— 1 — 1 — 2 — 2 
Total assets$379 $946 $— $1,325 $1,306 $2,040 $— $3,346 
Liabilities:        
Derivative Instruments:        
Interest rate contracts$— $57 $— $57 $— $78 $— $78 
Foreign currency contracts— 368 — 368 — 295 — 295 
Other derivatives— — — — — 1 — 1 
Total liabilities$— $425 $— $425 $— $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 8, “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 Condensed Balance Sheets as an amount equal to the debt’s carrying amount and a fair value adjustment representing changes in the fair value of the hedged debt obligations arising from movements in benchmark interest rates. The fair value of HP’s short- and long-term debt was $9.9 billion as compared to its carrying amount of $10.6 billion at April 30, 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 Condensed 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 Condensed Balance Sheets, the carrying amounts approximate fair value due to their short maturities. If measured at fair value in the Consolidated Condensed 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 Condensed Balance Sheets these would generally be classified within Level 3 of the fair value hierarchy.
v3.23.1
Financial Instruments
 6 Months Ended
Apr. 30, 2023
Investments, All Other Investments [Abstract]  
Financial Instruments Financial Instruments
Cash Equivalents and Available-for-Sale Investments
 As of April 30, 2023As of October 31, 2022
 CostGross Unrealized GainGross Unrealized LossFair ValueCostGross Unrealized GainGross Unrealized LossFair Value
 In millions
Cash Equivalents:        
Corporate debt$607 $— $— $607 $904 $— $— $904 
Government debt374 — — 374 1,289 — — 1,289 
Total cash equivalents981 — — 981 2,193 — — 2,193 
Available-for-Sale Investments:     
Financial institution instruments3 — — 3 5 — — 5 
Marketable securities and mutual funds
41 12 — 53 50 8 — 58 
Total available-for-sale investments44 12 — 56 55 8 — 63 
Total cash equivalents and available-for-sale investments$1,025 $12 $— $1,037 $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 April 30, 2023 and October 31, 2022, the carrying amount of cash equivalents approximated fair value due to the short period of time to maturity. 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 April 30, 2023
 Amortized CostFair 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 Condensed Balance Sheets. These amounted to $111 million and $110 million as of April 30, 2023 and October 31, 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 for the three and six months ended April 30, 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 Condensed 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 Condensed Balance Sheets, respectively. The fair value of derivatives with credit contingent features in a net liability position was $176 million and $82 million as of April 30, 2023 and as of October 31, 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 April 30, 2023 and October 31, 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 Condensed 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 Condensed 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 Condensed 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 the three and six months ended April 30, 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 Condensed Balance Sheets
The gross notional and fair value of derivative instruments in the Consolidated Condensed Balance Sheets were as follows:
 As of April 30, 2023As of October 31, 2022
 Outstanding Gross NotionalOther Current AssetsOther Non-Current AssetsOther Current LiabilitiesOther Non-Current LiabilitiesOutstanding Gross NotionalOther Current AssetsOther Non-Current AssetsOther Current LiabilitiesOther Non-Current Liabilities
 In millions
Derivatives designated as hedging instruments     
Fair value hedges:     
Interest rate contracts$750 $— $— $— $57 $750 $— $— $— $78 
Cash flow hedges:
Foreign currency contracts15,254 213 58 284 70 16,014 820 256 206 72 
Total derivatives designated as hedging instruments16,004 213 58 284 127 16,764 820 256 206 150 
Derivatives not designated as hedging instruments    
Foreign currency contracts4,538 16 — 14 — 4,554 12 — 17 — 
Other derivatives128 1 — — — 122 2 — 1 — 
Total derivatives not designated as hedging instruments4,666 17 — 14 — 4,676 14 — 18 — 
Total derivatives$20,670 $230 $58 $298 $127 $21,440 $834 $256 $224 $150 

Offsetting of Derivative Instruments
HP recognizes all derivative instruments on a gross basis in the Consolidated Condensed 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 April 30, 2023 and October 31, 2022, information related to the potential effect of HP’s master netting agreements and collateral security agreements was as follows:
 In the Consolidated Condensed Balance Sheets  
 (i)(ii)(iii) = (i)–(ii)(iv)(v)(vi) = (iii)–(iv)–(v)
Gross Amounts Not Offset
 Gross Amount
Recognized		Gross Amount
Offset		Net Amount
Presented		Derivatives
Financial
Collateral		 Net Amount
 In millions
As of April 30, 2023       
Derivative assets$288 $— $288 $242 $39 (1)$7 
Derivative liabilities$425 $— $425 $242 $165 (2)$18 
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 Condensed 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 ItemLocationYearTotal 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
Three months ended April 30
Interest rate contractFixed-rate debtInterest and other, net2023$(160)$7 $(7)
2022$(39)$(31)$31 
Six months ended April 30
Interest rate contractFixed-rate debtInterest and other, net2023$(341)$21 $(21)
2022$(71)$(42)$42 

The pre-tax effect of derivative instruments in cash flow hedging relationships included in Accumulated other comprehensive (loss) income was as follows:
Three months ended April 30Six months ended April 30
2023202220232022
In millions
Gain/(loss) recognized in Accumulated other comprehensive (loss) income on derivatives:
Foreign currency contracts$(66)$553 $(689)$833 
Interest rate contracts$— $50 $— $69 
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) income into earnings
Three months ended April 30Six months ended April 30Three months ended April 30Six months ended April 30
20232022202320222023202220232022
In millions
Net revenue$12,913 $16,490 $26,741 $33,518 $(109)$142 $277 $199 
Cost of revenue(9,984)(13,157)(21,003)(26,800)(55)(21)(109)(35)
Other operating expenses(2,167)(2,055)(4,211)(4,081)(1)— (2)1 
Interest and other, net(160)(39)(341)(71)3 (1)6 (1)
Total$(162)$120 $172 $164 
As of April 30, 2023, HP expects to reclassify an estimated accumulated other comprehensive loss of $82 million, net of taxes, to earnings within the next twelve months associated with cash flow hedges along with the earnings effects of the related forecasted transactions. The amounts ultimately reclassified into earnings could be different from the amounts previously included in Accumulated other comprehensive (loss) income 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 Condensed Statements of Earnings for the three and six months ended April 30, 2023 and 2022 was as follows:
Gain/(loss) recognized in earnings on derivative instrument
 Three months ended April 30Six months ended April 30
 Location2023202220232022
  In millions
Foreign currency contractsInterest and other, net$4 $32 $(40)$(5)
Other derivativesInterest and other, net(6)(1)— (12)
Total $(2)$31 $(40)$(17)
v3.23.1
Borrowings
 6 Months Ended
Apr. 30, 2023
Debt Disclosure [Abstract]  
Borrowings Borrowings
Notes Payable and Short-Term Borrowings
 As of April 30, 2023As of October 31, 2022
 Amount
Outstanding		Weighted-Average
Interest Rate		Amount
Outstanding		Weighted-Average
Interest Rate
 In millions
Current portion of long-term debt$166 6.1 %$165 5.4 %
Notes payable to banks, lines of credit and other74 1.0 %53 0.6 %
$240  $218  
Long-Term Debt
 As of
 April 30, 2023October 31, 2022
 In millions
U.S. Dollar Global Notes(1)
  
$1,200 issued at discount to par at a price of 99.863% at 6.00%, 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
998 997 
$850 issued at discount to par at a price of 99.790% at 3.4%, due June 2030
848 848 
$1,000 issued at discount to par at a price of 99.808% at 1.45%, due June 2026
999 999 
$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
1,000 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 
10,188 10,683 
Other borrowings at 1.58%-8.30%, due in calendar years 2023-2029
466 436 
Fair value adjustment related to hedged debt(57)(78)
Unamortized debt issuance cost(71)(80)
Current portion of long-term debt(166)(165)
Total long-term debt$10,360 $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 allocated 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 six months ended April 30, 2023, HP repurchased or redeemed and settled $497 million of the March 2029 Notes related to the August 2022 Poly acquisition.

As disclosed in Note 8, “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.
Commercial Paper
As of April 30, 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.
Credit Facilities
As of April 30, 2023, HP maintained a $5.0 billion sustainability-linked senior unsecured committed revolving credit facility, which HP entered into in May 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 April 30, 2023, HP was in compliance with the covenants in the credit agreements governing the revolving credit facilities.
Available Borrowing Resources
As of April 30, 2023, HP had available borrowing resources of $1.2 billion from uncommitted lines of credit in addition to the revolving credit facilities.
v3.23.1
Stockholders' Deficit
 6 Months Ended
Apr. 30, 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. There were no share repurchases during the three months ended April 30, 2023. During the six months ended April 30, 2023, HP executed share repurchases of 3.6 million shares and settled total shares for $0.1 billion. During the three and six months ended April 30, 2022, HP executed share repurchases of 27 million shares and 69 million shares and settled total shares for $1.0 billion and $2.5 billion respectively. Share repurchases executed during the three and six months ended April 30, 2022 included 1 million shares settled in May 2022.
The shares repurchased during the six months ended April 30, 2023 and 2022 were all open market repurchase transactions. As of April 30, 2023, HP had approximately $2.0 billion remaining under the share repurchase authorizations approved by HP’s Board of Directors.

Tax effects related to Other Comprehensive Income (Loss)
 Three months ended April 30Six months ended April 30
 2023202220232022
 In millions
Tax effect on change in unrealized components of available-for-sale debt securities:    
Tax benefit (provision) on unrealized (losses) gains arising during the period$— $1 $(1)$1 
Tax effect on change in unrealized components of cash flow hedges:  
Tax benefit (provision) on unrealized (losses) gains arising during the period20 (114)126 (146)
Tax (benefit) provision on losses (gains) reclassified into earnings(41)24 37 36 
(21)(90)163 (110)
Tax effect on change in unrealized components of defined benefit plans:    
Tax (provision) benefit on gains (losses) arising during the period(1)— 8 (6)
Tax benefit on amortization of actuarial loss and prior service benefit— (1)— (2)
Tax provision on curtailments, settlements and other— (1)— (1)
(1)(2)8 (9)
Tax effect on change in cumulative translation adjustment— 1 — 2 
Tax (provision) benefit on other comprehensive income (loss)$(22)$(90)$170 $(116)
Changes and reclassifications related to Other Comprehensive Income (Loss), net of taxes
 Three months ended April 30Six months ended April 30
 2023202220232022
 In millions
Other comprehensive income (loss), net of taxes:  
Change in unrealized components of available-for-sale debt securities:  
Unrealized (losses) gains arising during the period$— $(3)$3 $(5)
Change in unrealized components of cash flow hedges: 
Unrealized (losses) gains arising during the period(46)489 (563)756 
Losses (gains) reclassified into earnings121 (96)(135)(128)
75 393 (698)628 
Change in unrealized components of defined benefit plans:  
Gains (losses) arising during the period5 1 (24)16 
Amortization of actuarial loss and prior service benefit(1)
— 4 — 9 
Curtailments, settlements and other(1)(1)— (1)
4 4 (24)24 
Change in cumulative translation adjustment9 (31)38 (40)
Other comprehensive income (loss), net of taxes$88 $363 $(681)$607 
(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 income (loss), net of taxes and changes were as follows:
 Six months ended April 30, 2023
 Net unrealized
gains (losses) on
available-for-sale debt
securities		Net unrealized gains (losses) on cash
flow hedges		Unrealized
components
of defined
benefit plans		Change in cumulative
translation
adjustment		Accumulated
other
comprehensive
income (loss)
 In millions
Balance at beginning of period$6 $648 $(295)$(46)$313 
Other comprehensive gain (loss) before reclassifications3 (563)(24)38 (546)
Reclassifications of gain into earnings— (135)— — (135)
Balance at end of period$9 $(50)$(319)$(8)$(368)
v3.23.1
Net Earnings Per Share
 6 Months Ended
Apr. 30, 2023
Earnings Per Share [Abstract]  
Net Earnings Per Share Net 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:
 Three months ended April 30Six months ended April 30
 2023202220232022
 In millions, except per share amounts
Numerator:  
Net earnings$1,066 $1,000 $1,553 $2,086 
Denominator:  
Weighted-average shares used to compute basic net EPS991 1,050 990 1,066 
Dilutive effect of employee stock plans7 12 7 12 
Weighted-average shares used to compute diluted net EPS998 1,062 997 1,078 
Net earnings per share:  
Basic$1.08 $0.95 $1.57 $1.96 
Diluted$1.07 $0.94 $1.56 $1.94 
Anti-dilutive weighted-average stock-based compensation awards(1)
5 1 7 4 
(1)HP excludes from the calculation of diluted net EPS stock options and restricted stock units where the assumed proceeds exceed the average market price, because their effect would be anti-dilutive. The assumed proceeds of a stock option include the sum of its exercise price, and average unrecognized compensation cost. The assumed proceeds of a restricted stock unit represent unrecognized compensation cost.
v3.23.1
Litigation and Contingencies
 6 Months Ended
Apr. 30, 2023
Commitments and Contingencies Disclosure [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 April 30, 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 environment and certain requirements for business sales exemptions, and have advocated alternative models of compensation to rights holders. Based on industry opposition to the extension of 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.
India Directorate of Revenue Intelligence Proceedings. On April 30 and May 10, 2010, the India Directorate of Revenue Intelligence (the “DRI”) issued show cause notices to Hewlett-Packard India Sales Private Limited (“HP India”), a subsidiary of HP, seven HP India employees and one former HP India employee alleging that HP India underpaid customs duties while importing products and spare parts into India and seeking to recover an aggregate of approximately $370 million, plus penalties and interest. Prior to the issuance of the notices, HP India deposited approximately $16 million with the DRI and agreed to post a provisional bond in exchange for the DRI’s agreement to not seize HP India products and spare parts or interrupt business by HP India.
On April 11, 2012, the Bangalore Commissioner of Customs issued an order on the products-related notice affirming certain duties and penalties against HP India and the named individuals of approximately $386 million, of which HP India had already deposited $9 million. On December 11, 2012, HP India voluntarily deposited an additional $10 million in connection with the products-related notice. The differential duty demand is subject to interest. On April 20, 2012, the Commissioner issued an order on the parts-related notice affirming certain duties and penalties against HP India and certain of the named individuals of approximately $17 million, of which HP India had already deposited $7 million. After the order, HP India deposited an additional $3 million in connection with the parts-related notice so as to avoid certain penalties.
HP India filed appeals of the Commissioner’s orders before the Customs, Excise and Service Tax Appellate Tribunal (the “Customs Tribunal”) along with applications for waiver of the pre-deposit of remaining demand amounts as a condition for hearing the appeals. The Customs Department has also filed cross-appeals before the Customs Tribunal. On January 24, 2013, the Customs Tribunal ordered HP India to deposit an additional $24 million against the products order, which HP India deposited in March 2013. On February 7, 2014, the Customs Tribunal granted HP India’s application for extension of the stay of deposit until disposal of the appeals. On October 27, 2014, the Customs Tribunal commenced hearings on the cross-appeals of the Commissioner’s orders and rejected HP India’s request to remand the matter to the Commissioner on procedural grounds. The Customs Tribunal cancelled hearings to reconvene in 2015, 2016 and January 2019. On January 20, 2021, the Customs Tribunal held a virtual hearing during which the judge allowed HP’s application for a physical hearing on the merits as soon as practicable, which will be scheduled when physical hearings resume at court. 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.
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. 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. On May 3, 2023, the parties filed a joint status report requesting the court maintain the stay pending the Supreme Court’s decision on Apple and Broadcom’s petition for writ of certiorari to the Supreme Court.
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 with the final approval hearing scheduled for July 28, 2023.
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 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, 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 and Israel 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. The cases are in their early stages. In late 2022, the New Zealand competition authority opened an investigation regarding whether firmware updates and security measures allegedly restrict competition for cartridges for HP and non-HP branded printers and whether these practices constitute an alleged misuse of market power. In May 2023, HP was notified that this investigation has been closed with no adverse action.
Autonomy-Related Legal Matters
Investigations. As a result of the findings of an internal investigation, HP provided information to government authorities, including the U.S. Department of Justice (“DOJ”) related to accounting improprieties, disclosure failures and misrepresentations at Autonomy that occurred before and in connection with HP’s 2011 acquisition of Autonomy. In November 2016, a federal grand jury indicted Sushovan Hussain, former CFO of Autonomy on charges of conspiracy to commit wire fraud, securities fraud, and multiple counts of wire fraud. The indictment alleged that Mr. Hussain engaged in a scheme to defraud purchasers and sellers of securities of Autonomy and HP about Autonomy’s true financial performance and condition. On April 30, 2018, a jury found Mr. Hussain guilty of all charges against him, and that judgment was affirmed on appeal in August 2020. In November 2018, a federal grand jury indicted Michael Lynch, former CEO of Autonomy, and Stephen Chamberlain, former VP of Finance of Autonomy. The indictment charged Mr. Lynch and Mr. Chamberlain with conspiracy to commit wire fraud and multiple counts of wire fraud. On January 28, 2022, the U.K. Home Office approved U.S. demands to have Mr. Lynch extradited to face the charges. Mr. Lynch’s request for permission to appeal this decision was denied on April 21, 2023, and Mr. Lynch has been extradited to the United States. HP is continuing to cooperate with the ongoing enforcement actions.
Autonomy Corporation Limited v. Michael Lynch and Sushovan Hussain. 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. The Particulars of Claim seek damages in excess of $5 billion from Messrs. Lynch and Hussain for breach of their fiduciary duties by causing Autonomy group companies to engage in improper transactions and accounting practices. On October 1, 2015, Messrs. Lynch and Hussain filed their defenses. Mr. Lynch also filed a counterclaim against Autonomy Corporation Limited seeking $160 million in damages, among other things, for alleged misstatements regarding Lynch. Trial was completed in January 2020. On May 17, 2022, the court issued its final judgment, memorializing its findings that HP succeeded in substantially all of its claims and that Messrs. Lynch and Hussein engaged in fraud, and dismissing Mr. Lynch’s counterclaim. The court deferred its assessment of damages to a later, separate judgment to be issued after further submissions, but it has 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.
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.
v3.23.1
Guarantees, Indemnifications and Warranties
 6 Months Ended
Apr. 30, 2023
Guarantees [Abstract]  
Guarantees, Indemnifications and Warranties Guarantees, Indemnifications and Warranties
Guarantees
In the ordinary course of business, HP may issue performance guarantees to certain of its clients, customers and other parties pursuant to which HP has guaranteed the performance obligations of third parties. Some of those guarantees may be backed by standby letters of credit or surety bonds. In general, HP would be obligated to perform over the term of the guarantee in the event a specified triggering event occurs as defined by the guarantee. HP believes the likelihood of having to perform under a material guarantee is remote.
Cross-Indemnifications with Hewlett Packard Enterprise
On November 1, 2015, Hewlett-Packard Company completed the separation of Hewlett Packard Enterprise, Hewlett-Packard Company’s former enterprise technology infrastructure, software, services and financing businesses. The separation and distribution agreement provides for cross-indemnities between HP and Hewlett Packard Enterprise for liabilities allocated to the respective party pursuant to the terms of such agreement. For information on cross-indemnifications with Hewlett Packard Enterprise for litigation matters, see Note 12, “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:
 Six months ended April 30, 2023
 In millions
Balance at beginning of period$876 
Accruals for warranties issued329 
Adjustments related to pre-existing warranties (including changes in estimates)12 
Settlements made (in cash or in kind)(436)
Balance at end of period$781 
v3.23.1
Basis of Presentation (Policies)
 6 Months Ended
Apr. 30, 2023
Accounting Policies [Abstract]  
Basis of Presentation
Basis of Presentation
The accompanying Consolidated Condensed Financial Statements of HP and its wholly-owned subsidiaries are prepared in conformity with United States (“U.S.”) generally accepted accounting principles (“GAAP”). The interim financial information is unaudited but reflects all normal adjustments that are necessary to provide a fair statement of results for the interim periods presented. This interim information should be read in conjunction with the Consolidated Financial Statements for the fiscal year ended October 31, 2022 in HP’s Annual Report on Form 10-K, filed on December 6, 2022. The Consolidated Condensed Balance Sheet for October 31, 2022 was derived from audited financial statements.
Principles of Consolidation
Principles of Consolidation
The Consolidated Condensed Financial Statements include the accounts of HP and its subsidiaries and affiliates in which HP has a controlling financial interest or is the primary beneficiary. All intercompany balances and transactions have been eliminated.
Reclassifications
Reclassifications
HP has reclassified certain prior-year amounts to conform to the current-year presentation.
Use of Estimates
Use of Estimates
The preparation of financial statements in accordance with U.S. GAAP requires management to make estimates and assumptions that affect the amounts reported in HP’s Consolidated Condensed Financial Statements and accompanying notes. Actual results may differ materially from those estimates. As of April 30, 2023, the extent to which the current macroeconomic factors will impact our business going forward depends on numerous dynamic factors which we cannot reliably predict. As a result, many of our estimates and assumptions required increased judgment and may carry a higher degree of variability and volatility. As the events continue to evolve with respect to the ongoing macroeconomic factors, our estimates may materially change in future periods.
Recently Adopted Accounting Pronouncements Not Yet Adopted
Recently Issued Accounting Pronouncements Not Yet Adopted
In November 2021, the FASB issued guidance that enhances the transparency of government assistance by requiring annual disclosure of the types of assistance received, an entity’s accounting for the assistance, and the effect of the assistance on the entity’s financial statements. HP is required to adopt the guidance for its annual period ending on October 31, 2023. Early adoption is permitted. HP is currently evaluating the impact of this guidance on its disclosures.
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 is required to adopt the guidance in the first quarter of fiscal year 2024, except for the amendment on roll forward information which is effective one year later. Early adoption is permitted. HP is currently evaluating the impact of this guidance on its disclosures.
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 and amortization of intangible assets.
Employer Contributions and Funding Policy
Employer Contributions and Funding Policy
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.
Taxes on Earnings 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 Condensed Statements of Earnings.
Transfers and Servicing Trade Receivables Policy HP utilizes certain third-party arrangements in the normal course of business as part of HPs cash and liquidity management and also to provide liquidity to certain partners to facilitate their working capital requirements. These financing arrangements, which in certain circumstances may contain partial recourse, result in a transfer of HP’s receivables and risk to the third-party. As these transfers qualify as true sales under the applicable accounting guidance, the receivables are de-recognized from the Consolidated Condensed 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 similar transactions and reported as a current liability in the Consolidated Condensed Balance Sheets. The recourse obligations as of April 30, 2023 and October 31, 2022 were not material.
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 8, “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 Condensed Balance Sheets as an amount equal to the debt’s carrying amount and a fair value adjustment representing changes in the fair value of the hedged debt obligations arising from movements in benchmark interest rates. The fair value of HP’s short- and long-term debt was $9.9 billion as compared to its carrying amount of $10.6 billion at April 30, 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 Condensed 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 Condensed Balance Sheets, the carrying amounts approximate fair value due to their short maturities. If measured at fair value in the Consolidated Condensed 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 Condensed Balance Sheets these would generally be classified within Level 3 of the fair value hierarchy.
Cash Equivalents and Available-for-Sale Investments All highly liquid investments with original maturities of three months or less at the date of acquisition are considered cash equivalents.
Non-Marketable Equity Securities Investments Non-marketable equity securities in privately held companies are included in Other non-current assets in the Consolidated Condensed Balance Sheets.
Derivative Instruments
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 Condensed 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 Condensed Balance Sheets, respectively. The fair value of derivatives with credit contingent features in a net liability position was $176 million and $82 million as of April 30, 2023 and as of October 31, 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 April 30, 2023 and October 31, 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 Condensed 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 Condensed 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 Condensed 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.
Offsetting of Derivatives Instruments Offsetting of Derivative InstrumentsHP recognizes all derivative instruments on a gross basis in the Consolidated Condensed 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.
Net 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.
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 April 30, 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.
Guarantees, Indemnifications and Warranties
Guarantees
In the ordinary course of business, HP may issue performance guarantees to certain of its clients, customers and other parties pursuant to which HP has guaranteed the performance obligations of third parties. Some of those guarantees may be backed by standby letters of credit or surety bonds. In general, HP would be obligated to perform over the term of the guarantee in the event a specified triggering event occurs as defined by the guarantee. HP believes the likelihood of having to perform under a material guarantee is remote.
Cross-Indemnifications with Hewlett Packard Enterprise
On November 1, 2015, Hewlett-Packard Company completed the separation of Hewlett Packard Enterprise, Hewlett-Packard Company’s former enterprise technology infrastructure, software, services and financing businesses. The separation and distribution agreement provides for cross-indemnities between HP and Hewlett Packard Enterprise for liabilities allocated to the respective party pursuant to the terms of such agreement. For information on cross-indemnifications with Hewlett Packard Enterprise for litigation matters, see Note 12, “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.
v3.23.1
Segment Information (Tables)
 6 Months Ended
Apr. 30, 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:
 Three months ended April 30Six months ended April 30
 2023202220232022
In millions
Net revenue:
Commercial PS$5,922 $7,817 $12,351 $15,674 
Consumer PS2,254 3,715 5,040 8,054 
Personal Systems8,176 11,532 17,391 23,728 
Supplies3,006 3,131 5,863 6,199 
Commercial Printing1,089 1,042 2,145 2,081 
Consumer Printing641 790 1,340 1,514 
Printing4,736 4,963 9,348 9,794 
Corporate Investments3 — 4 1 
Total segment net revenue12,915 16,495 26,743 33,523 
Other(2)(5)(2)(5)
Total net revenue$12,913 $16,490 $26,741 $33,518 
  
Earnings before taxes:
Personal Systems$445 $794 $942 $1,748 
Printing899 949 1,769 1,821 
Corporate Investments(38)(52)(71)(126)
Total segment earnings from operations1,306 1,691 2,640 3,443 
Corporate and unallocated costs and other(90)(177)(182)(297)
Stock-based compensation expense(95)(70)(262)(203)
Restructuring and other charges(200)(82)(341)(150)
Acquisition and divestiture charges(73)(32)(157)(52)
Amortization of intangible assets(86)(52)(171)(104)
Interest and other, net(160)(39)(341)(71)
Total earnings before taxes$602 $1,239 $1,186 $2,566 
Schedule of Reconciliation of Segment Operating Results to HP Consolidated Results
Segment Operating Results from Operations and the reconciliation to HP consolidated results were as follows:
 Three months ended April 30Six months ended April 30
 2023202220232022
In millions
Net revenue:
Commercial PS$5,922 $7,817 $12,351 $15,674 
Consumer PS2,254 3,715 5,040 8,054 
Personal Systems8,176 11,532 17,391 23,728 
Supplies3,006 3,131 5,863 6,199 
Commercial Printing1,089 1,042 2,145 2,081 
Consumer Printing641 790 1,340 1,514 
Printing4,736 4,963 9,348 9,794 
Corporate Investments3 — 4 1 
Total segment net revenue12,915 16,495 26,743 33,523 
Other(2)(5)(2)(5)
Total net revenue$12,913 $16,490 $26,741 $33,518 
  
Earnings before taxes:
Personal Systems$445 $794 $942 $1,748 
Printing899 949 1,769 1,821 
Corporate Investments(38)(52)(71)(126)
Total segment earnings from operations1,306 1,691 2,640 3,443 
Corporate and unallocated costs and other(90)(177)(182)(297)
Stock-based compensation expense(95)(70)(262)(203)
Restructuring and other charges(200)(82)(341)(150)
Acquisition and divestiture charges(73)(32)(157)(52)
Amortization of intangible assets(86)(52)(171)(104)
Interest and other, net(160)(39)(341)(71)
Total earnings before taxes$602 $1,239 $1,186 $2,566 
v3.23.1
Restructuring and Other Charges (Tables)
 6 Months Ended
Apr. 30, 2023
Restructuring and Related Activities [Abstract]  
Summary of Restructuring Plans
HP’s restructuring activities for the six months ended April 30, 2023 and 2022 summarized by plan were as follows:
Fiscal 2023 Plan
Severance and EERNon-labor
Other prior-year plans(1)
Total
In millions
Accrued balance as of October 31, 2022$— $— $32 $32 
Charges294 13 2 309 
Cash payments(92)(8)(35)(135)
Non-cash and other adjustments(141)(2)(5)3 (143)
Accrued balance as of April 30, 2023$61 $— $2 $63 
Total costs incurred to date as of April 30, 2023$294 $13 $867 $1,174 
Reflected in Consolidated Condensed Balance Sheets
Other current liabilities$61 $— $2 $63 
Accrued balance as of October 31, 2021$— $— $75 $75 
Charges— — 145 145 
Cash payments— — (141)(141)
Non-cash and other adjustments— — (32)(32)
Accrued balance as of April 30, 2022$— $— $47 $47 

HP’s restructuring charges for the three months ended April 30, 2023 summarized by the plans outlined below were as follows:
Fiscal 2023 Plan
Severance and EERNon-labor
Other prior-year plans(1)
Total
In millions
For the three months ended April 30, 2023$172 $4 $2 $178 
(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”) program of $139 million for pension and post-retirement plan special termination benefits. See Note 4 “Retirement and Post-Retirement Benefit Plans” for further information.
v3.23.1
Retirement and Post-Retirement Benefit Plans (Tables)
 6 Months Ended
Apr. 30, 2023
Retirement Benefits [Abstract]  
Schedule of Pension and Post-Retirement Benefit (Credit) Cost
The components of HP’s pension and post-retirement benefit (credit) cost recognized in the Consolidated Condensed Statements of Earnings were as follows:

 Three months ended April 30
 U.S. Defined Benefit PlansNon-U.S. Defined Benefit PlansPost-Retirement Benefit Plans
 202320222023202220232022
 In millions
Service cost$— $— $11 $14 $— $— 
Interest cost55 40 10 5 3 2 
Expected return on plan assets(64)(75)(13)(12)(3)(2)
Amortization and deferrals:      
Actuarial loss (gain)4 2 1 9 (4)(4)
Prior service cost (credit)— — 2 1 (3)(3)
Net periodic benefit (credit) cost(5)(33)11 17 (7)(7)
Settlement loss — — (1)— — — 
Special termination benefit cost105 — — — 34 — 
Total periodic benefit (credit) cost$100 $(33)$10 $17 $27 $(7)
 Six months ended April 30
 U.S. Defined Benefit PlansNon-U.S. Defined Benefit PlansPost- Retirement Benefit Plans
 202320222023202220232022
 In millions
Service cost$— $— $20 $28 $— $— 
Interest cost109 80 20 11 7 4 
Expected return on plan assets(129)(149)(26)(25)(6)(4)
Amortization and deferrals:
Actuarial loss (gain)9 3 2 19 (8)(8)
Prior service cost (credit)— — 3 3 (6)(6)
Net periodic benefit (credit) cost(11)(66)19 36 (13)(14)
Special termination benefit cost105 — — — 34 — 
Total periodic benefit (credit) cost$94 $(66)$19 $36 $21 $(14)
v3.23.1
Supplementary Financial Information (Tables)
 6 Months Ended
Apr. 30, 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
 April 30, 2023October 31, 2022
 In millions
Cash and cash equivalents$1,923 $3,145 
Restricted cash(1)
17 — 
$1,940 $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
 April 30, 2023October 31, 2022
 In millions
Cash and cash equivalents$1,923 $3,145 
Restricted cash(1)
17 — 
$1,940 $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:
 Six months ended April 30, 2023
 In millions
Balance at beginning of period$107 
Benefit of allowance for credit losses(10)
Deductions, net of recoveries(5)
Balance at end of period$92 
Schedule of Transferred Trade Receivables Not Collected from Third Parties
The following is a summary of the activity under these arrangements:
Three months ended April 30Six months ended April 30
 2023 20222023 2022
 In millions
Balance at beginning of period(1)
$128 $121 $185 $131 
Trade receivables sold3,179 3,002 6,857 5,969 
Cash receipts(3,136)(2,941)(6,888)(5,914)
Foreign currency and other3 (9)20 (13)
Balance at end of period(1)
$174 $173 $174 $173 
(1) Amounts outstanding from third parties reported in Accounts receivable in the Consolidated Condensed Balance Sheets.
Schedule of Inventory Inventory
 As of
 April 30, 2023October 31, 2022
 In millions
Finished goods$3,986 $4,885 
Purchased parts and fabricated assemblies3,235 2,710 
$7,221 $7,595 
Schedule of Other Current Assets
Other Current Assets
 As of
 April 30, 2023October 31, 2022
 In millions
Prepaid and other current assets$1,539 $2,170 
Supplier and other receivables1,299 1,377 
Value-added taxes receivable887 968 
$3,725 $4,515 
Schedule of Property, Plant and Equipment, Net
Property, Plant and Equipment, net
 As of
 April 30, 2023October 31, 2022
 In millions
Land, buildings and leasehold improvements$2,273 $2,255 
Machinery and equipment, including equipment held for lease5,361 5,337 
7,634 7,592 
Accumulated depreciation(4,863)(4,818)
$2,771 $2,774 
Schedule of Other Non-Current Assets
Other Non-Current Assets
 As of
 April 30, 2023October 31, 2022
 In millions
Deferred tax assets$3,092 $2,159 
Intangible assets1,776 1,933 
Right-of-use assets1,241 1,236 
Prepaid pension and post-retirement benefit assets541 679 
Deposits and prepaids504 474 
Other800 990 
$7,954 $7,471 
Schedule of Other Current Liabilities
Other Current Liabilities
 As of
 April 30, 2023October 31, 2022
 In millions
Sales and marketing programs$2,913 $2,967 
Deferred revenue1,377 1,393 
Other accrued taxes1,024 1,064 
Employee compensation and benefit998 954 
Warranty580 619 
Operating lease liabilities451 405 
Tax liability379 286 
Other2,755 2,963 
$10,477 $10,651 
Schedule of Other Non-Current Liabilities
Other Non-Current Liabilities
 As of
 April 30, 2023October 31, 2022
In millions
Deferred revenue$1,215 $1,171 
Tax liability934 931 
Operating lease liability885 875 
Pension, post-retirement, and post-employment liabilities599 600 
Deferred tax liability37 121 
Other786 858 
$4,456 $4,556 
Schedule of Interest and Other, Net
Interest and other, net
 Three months ended April 30Six months ended April 30
 202320222023 2022
 In millions
Interest expense on borrowings$(153)$(74)$(297)$(136)
Loss on extinguishment of debt— — (8)— 
Non-operating retirement-related credits$13 $36 25 72 
Factoring costs(1)
(30)— (62)— 
Other, net10 (1)1 (7)
$(160)$(39)$(341)$(71)
(1) For the three and six months ended April 30, 2022, Factoring costs were included in Selling, general and administrative and were not material.
Schedule of Net Revenue by Region
Net revenue by region
Three months ended April 30Six months ended April 30
 202320222023 2022
 In millions
Americas$5,452 $6,903 $11,225 $13,762 
Europe, Middle East and Africa4,388 6,022 9,028 11,958 
Asia-Pacific and Japan3,073 3,565 6,488 7,798 
Total net revenue$12,913 $16,490 $26,741 $33,518 
v3.23.1
Fair Value (Tables)
 6 Months Ended
Apr. 30, 2023
Fair Value Disclosures [Abstract]  
Schedule of Assets and Liabilities Measured at Fair Value on a Recurring Basis The following table presents HP’s assets and liabilities that are measured at fair value on a recurring basis:
 As of April 30, 2023As of October 31, 2022
 Fair Value Measured UsingFair Value Measured Using
 Level 1Level 2Level 3TotalLevel 1Level 2Level 3Total
 In millions
Assets:        
Cash Equivalents:        
Corporate debt$— $607 $— $607 $— $904 $— $904 
Government debt(1)
374 — — 374 1,289 — — 1,289 
Available-for-Sale Investments:
Financial institution instruments— 3 — 3 — 5 — 5 
Marketable securities and mutual funds
5 48 — 53 17 41 — 58 
Derivative Instruments:     
Foreign currency contracts— 287 — 287 — 1,088 — 1,088 
Other derivatives— 1 — 1 — 2 — 2 
Total assets$379 $946 $— $1,325 $1,306 $2,040 $— $3,346 
Liabilities:        
Derivative Instruments:        
Interest rate contracts$— $57 $— $57 $— $78 $— $78 
Foreign currency contracts— 368 — 368 — 295 — 295 
Other derivatives— — — — — 1 — 1 
Total liabilities$— $425 $— $425 $— $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.
v3.23.1
Financial Instruments (Tables)
 6 Months Ended
Apr. 30, 2023
Investments, All Other Investments [Abstract]  
Schedule of Cash Equivalents and Available-for-Sale Investments
Cash Equivalents and Available-for-Sale Investments
 As of April 30, 2023As of October 31, 2022
 CostGross Unrealized GainGross Unrealized LossFair ValueCostGross Unrealized GainGross Unrealized LossFair Value
 In millions
Cash Equivalents:        
Corporate debt$607 $— $— $607 $904 $— $— $904 
Government debt374 — — 374 1,289 — — 1,289 
Total cash equivalents981 — — 981 2,193 — — 2,193 
Available-for-Sale Investments:     
Financial institution instruments3 — — 3 5 — — 5 
Marketable securities and mutual funds
41 12 — 53 50 8 — 58 
Total available-for-sale investments44 12 — 56 55 8 — 63 
Total cash equivalents and available-for-sale investments$1,025 $12 $— $1,037 $2,248 $8 $— $2,256 
Schedule of Contractual Maturities
Contractual maturities of investments in available-for-sale debt securities were as follows:

 As of April 30, 2023
 Amortized CostFair Value
 In millions
Due in one year$3 $3 
Schedule of Gross Notional and Fair Value of Derivative Financial Instruments in the Consolidated Condensed Balance Sheets The gross notional and fair value of derivative instruments in the Consolidated Condensed Balance Sheets were as follows:
 As of April 30, 2023As of October 31, 2022
 Outstanding Gross NotionalOther Current AssetsOther Non-Current AssetsOther Current LiabilitiesOther Non-Current LiabilitiesOutstanding Gross NotionalOther Current AssetsOther Non-Current AssetsOther Current LiabilitiesOther Non-Current Liabilities
 In millions
Derivatives designated as hedging instruments     
Fair value hedges:     
Interest rate contracts$750 $— $— $— $57 $750 $— $— $— $78 
Cash flow hedges:
Foreign currency contracts15,254 213 58 284 70 16,014 820 256 206 72 
Total derivatives designated as hedging instruments16,004 213 58 284 127 16,764 820 256 206 150 
Derivatives not designated as hedging instruments    
Foreign currency contracts4,538 16 — 14 — 4,554 12 — 17 — 
Other derivatives128 1 — — — 122 2 — 1 — 
Total derivatives not designated as hedging instruments4,666 17 — 14 — 4,676 14 — 18 — 
Total derivatives$20,670 $230 $58 $298 $127 $21,440 $834 $256 $224 $150 
Schedule of Offsetting Assets As of April 30, 2023 and October 31, 2022, information related to the potential effect of HP’s master netting agreements and collateral security agreements was as follows:
 In the Consolidated Condensed Balance Sheets  
 (i)(ii)(iii) = (i)–(ii)(iv)(v)(vi) = (iii)–(iv)–(v)
Gross Amounts Not Offset
 Gross Amount
Recognized		Gross Amount
Offset		Net Amount
Presented		Derivatives
Financial
Collateral		 Net Amount
 In millions
As of April 30, 2023       
Derivative assets$288 $— $288 $242 $39 (1)$7 
Derivative liabilities$425 $— $425 $242 $165 (2)$18 
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 Liabilities As of April 30, 2023 and October 31, 2022, information related to the potential effect of HP’s master netting agreements and collateral security agreements was as follows:
 In the Consolidated Condensed Balance Sheets  
 (i)(ii)(iii) = (i)–(ii)(iv)(v)(vi) = (iii)–(iv)–(v)
Gross Amounts Not Offset
 Gross Amount
Recognized		Gross Amount
Offset		Net Amount
Presented		Derivatives
Financial
Collateral		 Net Amount
 In millions
As of April 30, 2023       
Derivative assets$288 $— $288 $242 $39 (1)$7 
Derivative liabilities$425 $— $425 $242 $165 (2)$18 
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 in a Fair Value Hedging Relationship
The pre-tax effect of derivative instruments and related hedged items in a fair value hedging relationship were as follows:
Derivative InstrumentHedged ItemLocationYearTotal 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
Three months ended April 30
Interest rate contractFixed-rate debtInterest and other, net2023$(160)$7 $(7)
2022$(39)$(31)$31 
Six months ended April 30
Interest rate contractFixed-rate debtInterest and other, net2023$(341)$21 $(21)
2022$(71)$(42)$42 
Schedule of Pre-Tax Effect of Derivative Instruments in Cash Flow Hedging Relationships
The pre-tax effect of derivative instruments in cash flow hedging relationships included in Accumulated other comprehensive (loss) income was as follows:
Three months ended April 30Six months ended April 30
2023202220232022
In millions
Gain/(loss) recognized in Accumulated other comprehensive (loss) income on derivatives:
Foreign currency contracts$(66)$553 $(689)$833 
Interest rate contracts$— $50 $— $69 
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) income into earnings
Three months ended April 30Six months ended April 30Three months ended April 30Six months ended April 30
20232022202320222023202220232022
In millions
Net revenue$12,913 $16,490 $26,741 $33,518 $(109)$142 $277 $199 
Cost of revenue(9,984)(13,157)(21,003)(26,800)(55)(21)(109)(35)
Other operating expenses(2,167)(2,055)(4,211)(4,081)(1)— (2)1 
Interest and other, net(160)(39)(341)(71)3 (1)6 (1)
Total$(162)$120 $172 $164 
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 Condensed Statements of Earnings for the three and six months ended April 30, 2023 and 2022 was as follows:
Gain/(loss) recognized in earnings on derivative instrument
 Three months ended April 30Six months ended April 30
 Location2023202220232022
  In millions
Foreign currency contractsInterest and other, net$4 $32 $(40)$(5)
Other derivativesInterest and other, net(6)(1)— (12)
Total $(2)$31 $(40)$(17)
v3.23.1
Borrowings (Tables)
 6 Months Ended
Apr. 30, 2023
Debt Disclosure [Abstract]  
Schedule of Notes Payable and Short-Term Borrowings
Notes Payable and Short-Term Borrowings
 As of April 30, 2023As of October 31, 2022
 Amount
Outstanding		Weighted-Average
Interest Rate		Amount
Outstanding		Weighted-Average
Interest Rate
 In millions
Current portion of long-term debt$166 6.1 %$165 5.4 %
Notes payable to banks, lines of credit and other74 1.0 %53 0.6 %
$240  $218  
Schedule of Long-Term Debt
Long-Term Debt
 As of
 April 30, 2023October 31, 2022
 In millions
U.S. Dollar Global Notes(1)
  
$1,200 issued at discount to par at a price of 99.863% at 6.00%, 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
998 997 
$850 issued at discount to par at a price of 99.790% at 3.4%, due June 2030
848 848 
$1,000 issued at discount to par at a price of 99.808% at 1.45%, due June 2026
999 999 
$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
1,000 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 
10,188 10,683 
Other borrowings at 1.58%-8.30%, due in calendar years 2023-2029
466 436 
Fair value adjustment related to hedged debt(57)(78)
Unamortized debt issuance cost(71)(80)
Current portion of long-term debt(166)(165)
Total long-term debt$10,360 $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 allocated 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 six months ended April 30, 2023, HP repurchased or redeemed and settled $497 million of the March 2029 Notes related to the August 2022 Poly acquisition.
v3.23.1
Stockholders' Deficit (Tables)
 6 Months Ended
Apr. 30, 2023
Stockholders' Equity Note [Abstract]  
Schedule of Tax Effects Related to Other Comprehensive Income (Loss)
Tax effects related to Other Comprehensive Income (Loss)
 Three months ended April 30Six months ended April 30
 2023202220232022
 In millions
Tax effect on change in unrealized components of available-for-sale debt securities:    
Tax benefit (provision) on unrealized (losses) gains arising during the period$— $1 $(1)$1 
Tax effect on change in unrealized components of cash flow hedges:  
Tax benefit (provision) on unrealized (losses) gains arising during the period20 (114)126 (146)
Tax (benefit) provision on losses (gains) reclassified into earnings(41)24 37 36 
(21)(90)163 (110)
Tax effect on change in unrealized components of defined benefit plans:    
Tax (provision) benefit on gains (losses) arising during the period(1)— 8 (6)
Tax benefit on amortization of actuarial loss and prior service benefit— (1)— (2)
Tax provision on curtailments, settlements and other— (1)— (1)
(1)(2)8 (9)
Tax effect on change in cumulative translation adjustment— 1 — 2 
Tax (provision) benefit on other comprehensive income (loss)$(22)$(90)$170 $(116)
Schedule of Changes and Reclassifications Related to Other Comprehensive Income (Loss), Net of Taxes
Changes and reclassifications related to Other Comprehensive Income (Loss), net of taxes
 Three months ended April 30Six months ended April 30
 2023202220232022
 In millions
Other comprehensive income (loss), net of taxes:  
Change in unrealized components of available-for-sale debt securities:  
Unrealized (losses) gains arising during the period$— $(3)$3 $(5)
Change in unrealized components of cash flow hedges: 
Unrealized (losses) gains arising during the period(46)489 (563)756 
Losses (gains) reclassified into earnings121 (96)(135)(128)
75 393 (698)628 
Change in unrealized components of defined benefit plans:  
Gains (losses) arising during the period5 1 (24)16 
Amortization of actuarial loss and prior service benefit(1)
— 4 — 9 
Curtailments, settlements and other(1)(1)— (1)
4 4 (24)24 
Change in cumulative translation adjustment9 (31)38 (40)
Other comprehensive income (loss), net of taxes$88 $363 $(681)$607 
(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 Accumulated Other Comprehensive Income (Loss), Net of Taxes
The components of Accumulated other comprehensive income (loss), net of taxes and changes were as follows:
 Six months ended April 30, 2023
 Net unrealized
gains (losses) on
available-for-sale debt
securities		Net unrealized gains (losses) on cash
flow hedges		Unrealized
components
of defined
benefit plans		Change in cumulative
translation
adjustment		Accumulated
other
comprehensive
income (loss)
 In millions
Balance at beginning of period$6 $648 $(295)$(46)$313 
Other comprehensive gain (loss) before reclassifications3 (563)(24)38 (546)
Reclassifications of gain into earnings— (135)— — (135)
Balance at end of period$9 $(50)$(319)$(8)$(368)
v3.23.1
Net Earnings Per Share (Tables)
 6 Months Ended
Apr. 30, 2023
Earnings Per Share [Abstract]  
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:
 Three months ended April 30Six months ended April 30
 2023202220232022
 In millions, except per share amounts
Numerator:  
Net earnings$1,066 $1,000 $1,553 $2,086 
Denominator:  
Weighted-average shares used to compute basic net EPS991 1,050 990 1,066 
Dilutive effect of employee stock plans7 12 7 12 
Weighted-average shares used to compute diluted net EPS998 1,062 997 1,078 
Net earnings per share:  
Basic$1.08 $0.95 $1.57 $1.96 
Diluted$1.07 $0.94 $1.56 $1.94 
Anti-dilutive weighted-average stock-based compensation awards(1)
5 1 7 4 
(1)HP excludes from the calculation of diluted net EPS stock options and restricted stock units where the assumed proceeds exceed the average market price, because their effect would be anti-dilutive. The assumed proceeds of a stock option include the sum of its exercise price, and average unrecognized compensation cost. The assumed proceeds of a restricted stock unit represent unrecognized compensation cost.
v3.23.1
Guarantees, Indemnifications and Warranties (Tables)
 6 Months Ended
Apr. 30, 2023
Guarantees [Abstract]  
Changes in Aggregate Product Warranty Liabilities and Changes
HP’s aggregate product warranty liabilities and changes were as follows:
 Six months ended April 30, 2023
 In millions
Balance at beginning of period$876 
Accruals for warranties issued329 
Adjustments related to pre-existing warranties (including changes in estimates)12 
Settlements made (in cash or in kind)(436)
Balance at end of period$781 
v3.23.1
Segment Information - Narrative (Details)
 6 Months Ended
Apr. 30, 2023
segment
Segment Reporting [Abstract]  
Number of reportable segments 3
v3.23.1
Segment Information - Schedule of Reconciliation of Segment Operating Results to HP Consolidated Results (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Apr. 30, 2023
Apr. 30, 2022
Apr. 30, 2023
Apr. 30, 2022
Net revenue:        
Total net revenue $ 12,913 $ 16,490 $ 26,741 $ 33,518
Segment Reporting Information, Revenue for Reportable Segment [Abstract]        
Total segment earnings from operations 762 1,278 1,527 2,637
Restructuring and other charges (200) (82) (341) (150)
Acquisition and divestiture charges (73) (32) (157) (52)
Amortization of intangible assets (86) (52) (171) (104)
Interest and other, net (160) (39) (341) (71)
Earnings before taxes 602 1,239 1,186 2,566
Operating Segments        
Net revenue:        
Total net revenue 12,915 16,495 26,743 33,523
Segment Reporting Information, Revenue for Reportable Segment [Abstract]        
Total segment earnings from operations 1,306 1,691 2,640 3,443
Other        
Net revenue:        
Total net revenue (2) (5) (2) (5)
Segment Reporting Information, Revenue for Reportable Segment [Abstract]        
Stock-based compensation expense (95) (70) (262) (203)
Restructuring and other charges (200) (82) (341) (150)
Acquisition and divestiture charges (73) (32) (157) (52)
Amortization of intangible assets (86) (52) (171) (104)
Interest and other, net (160) (39) (341) (71)
Corporate and unallocated costs and other        
Segment Reporting Information, Revenue for Reportable Segment [Abstract]        
Corporate and unallocated costs and other (90) (177) (182) (297)
Personal Systems | Operating Segments        
Net revenue:        
Total net revenue 8,176 11,532 17,391 23,728
Segment Reporting Information, Revenue for Reportable Segment [Abstract]        
Total segment earnings from operations 445 794 942 1,748
Printing | Operating Segments        
Net revenue:        
Total net revenue 4,736 4,963 9,348 9,794
Segment Reporting Information, Revenue for Reportable Segment [Abstract]        
Total segment earnings from operations 899 949 1,769 1,821
Corporate Investments | Operating Segments        
Net revenue:        
Total net revenue 3 0 4 1
Segment Reporting Information, Revenue for Reportable Segment [Abstract]        
Total segment earnings from operations (38) (52) (71) (126)
Commercial PS | Personal Systems | Operating Segments        
Net revenue:        
Total net revenue 5,922 7,817 12,351 15,674
Consumer PS | Personal Systems | Operating Segments        
Net revenue:        
Total net revenue 2,254 3,715 5,040 8,054
Supplies | Printing | Operating Segments        
Net revenue:        
Total net revenue 3,006 3,131 5,863 6,199
Commercial Printing | Printing | Operating Segments        
Net revenue:        
Total net revenue 1,089 1,042 2,145 2,081
Consumer Printing | Printing | Operating Segments        
Net revenue:        
Total net revenue $ 641 $ 790 $ 1,340 $ 1,514
v3.23.1
Restructuring and Other Charges - Summary of Cost Saving Plan Activities (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Apr. 30, 2023
Apr. 30, 2023
Apr. 30, 2022
Restructuring Reserve [Roll Forward]      
Accrued balance, beginning of the period   $ 32 $ 75
Charges $ 178 309 145
Cash payments   (135) (141)
Non-cash and other adjustments   (143) (32)
Accrued balance, end of the period 63 63 47
Total costs incurred to date 1,174 1,174  
Reflected in Consolidated Condensed Balance Sheets      
Other current liabilities 63 63  
Fiscal 2023 Plan | Severance and EER      
Restructuring Reserve [Roll Forward]      
Accrued balance, beginning of the period   0 0
Charges 172 294 0
Cash payments   (92) 0
Non-cash and other adjustments   (141) 0
Accrued balance, end of the period 61 61 0
Total costs incurred to date 294 294  
Reflected in Consolidated Condensed Balance Sheets      
Other current liabilities 61 61  
Fiscal 2023 Plan | Non-labor      
Restructuring Reserve [Roll Forward]      
Accrued balance, beginning of the period   0 0
Charges 4 13 0
Cash payments   (8) 0
Non-cash and other adjustments   (5) 0
Accrued balance, end of the period 0 0 0
Total costs incurred to date 13 13  
Reflected in Consolidated Condensed Balance Sheets      
Other current liabilities 0 0  
Fiscal 2023 Plan | Special Termination Benefits      
Restructuring Reserve [Roll Forward]      
Charges 105 105  
Non-cash and other adjustments   139  
Other prior-year plans      
Restructuring Reserve [Roll Forward]      
Accrued balance, beginning of the period   32 75
Charges 2 2 145
Cash payments   (35) (141)
Non-cash and other adjustments   3 (32)
Accrued balance, end of the period 2 2 $ 47
Total costs incurred to date 867 867  
Reflected in Consolidated Condensed Balance Sheets      
Other current liabilities $ 2 $ 2  
v3.23.1
Restructuring and Other Charges - Narrative (Details)
employee in Thousands, $ in Millions
 3 Months Ended 6 Months Ended
Nov. 18, 2022
USD ($)
employee
Apr. 30, 2023
USD ($)
Apr. 30, 2022
USD ($)
Apr. 30, 2023
USD ($)
Apr. 30, 2022
USD ($)
Restructuring Cost and Reserve [Line Items]          
Other charges   $ 22 $ 4 $ 32 $ 5
Fiscal 2023 Plan | Labor and Non-Labor Actions          
Restructuring Cost and Reserve [Line Items]          
Estimated pre-tax charges $ 1,000        
Fiscal 2023 Plan | Labor Costs          
Restructuring Cost and Reserve [Line Items]          
Estimated pre-tax charges $ 700        
Minimum | Fiscal 2023 Plan          
Restructuring Cost and Reserve [Line Items]          
Expected positions to be eliminated | employee 4        
Maximum | Fiscal 2023 Plan          
Restructuring Cost and Reserve [Line Items]          
Expected positions to be eliminated | employee 6        
v3.23.1
Retirement and Post-Retirement Benefit Plans - Schedule of Pension and Post-Retirement Benefit (Credit) Cost (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Apr. 30, 2023
Apr. 30, 2022
Apr. 30, 2023
Apr. 30, 2022
Post-Retirement Benefit Plans        
Retirement and post-retirement benefit plans        
Service cost $ 0 $ 0 $ 0 $ 0
Interest cost 3 2 7 4
Expected return on plan assets (3) (2) (6) (4)
Amortization and deferrals:        
Actuarial loss (gain) (4) (4) (8) (8)
Prior service cost (credit) (3) (3) (6) (6)
Net periodic benefit (credit) cost (7) (7) (13) (14)
Settlement loss 0 0    
Special termination benefit cost 34 0 34 0
Total periodic benefit (credit) cost 27 (7) 21 (14)
U.S. | Defined Benefit Plans        
Retirement and post-retirement benefit plans        
Service cost 0 0 0 0
Interest cost 55 40 109 80
Expected return on plan assets (64) (75) (129) (149)
Amortization and deferrals:        
Actuarial loss (gain) 4 2 9 3
Prior service cost (credit) 0 0 0 0
Net periodic benefit (credit) cost (5) (33) (11) (66)
Settlement loss 0 0    
Special termination benefit cost 105 0 105 0
Total periodic benefit (credit) cost 100 (33) 94 (66)
Non-U.S. | Defined Benefit Plans        
Retirement and post-retirement benefit plans        
Service cost 11 14 20 28
Interest cost 10 5 20 11
Expected return on plan assets (13) (12) (26) (25)
Amortization and deferrals:        
Actuarial loss (gain) 1 9 2 19
Prior service cost (credit) 2 1 3 3
Net periodic benefit (credit) cost 11 17 19 36
Settlement loss (1) 0    
Special termination benefit cost 0 0 0 0
Total periodic benefit (credit) cost $ 10 $ 17 $ 19 $ 36
v3.23.1
Retirement and Post-Retirement Benefit Plans - Narrative (Details) - USD ($)
$ in Thousands
 1 Months Ended 3 Months Ended 6 Months Ended
Jan. 31, 2023
Apr. 30, 2023
Apr. 30, 2022
Apr. 30, 2023
Apr. 30, 2022
Retirement and post-retirement benefit plans          
Eligible age with twenty years of service for enhanced early retirement program 55 years        
Restructuring and other charges   $ 178,000   $ 309,000 $ 145,000
Health care coverage extension, enhanced early retirement program, period 36 months        
Maximum retirement medical savings account employer credits $ 12        
Other charges   22,000 $ 4,000 32,000 $ 5,000
Special Termination Benefits | Fiscal 2023 Plan          
Retirement and post-retirement benefit plans          
Restructuring and other charges   105,000   105,000  
Other charges   34,000   34,000  
Post-Retirement Benefit Plans          
Retirement and post-retirement benefit plans          
Anticipated contributions   4,000   4,000  
Contributions to benefit plans       3,000  
Non-U.S. | Defined Benefit Plans          
Retirement and post-retirement benefit plans          
Anticipated contributions   36,000   36,000  
Contributions to benefit plans       21,000  
U.S. | Non-qualified plan          
Retirement and post-retirement benefit plans          
Anticipated contributions   $ 32,000   32,000  
Contributions to benefit plans       $ 13,000  
v3.23.1
Taxes on Earnings (Details)
$ in Millions
 3 Months Ended 6 Months Ended
Apr. 30, 2023
USD ($)
country
Apr. 30, 2022
USD ($)
Apr. 30, 2023
USD ($)
country
Apr. 30, 2022
USD ($)
Income Tax Disclosure [Abstract]        
Effective tax rate (percent) (77.10%) 19.30% (30.90%) 18.70%
Income tax reconciliation other discrete items tax charges (credits) $ (636) $ 8 $ (692) $ 35
Tax effects of internal reorganization 691   697  
Tax benefits related to restructuring charges 36 20 66 31
Effective income tax rate reconciliation, business combination, amount 13   27  
Effective income tax rate reconciliation, other tax benefits, amount     11  
Tax charges related to filing of tax returns in various jurisdictions 34   36 18
Effective income tax rate reconciliation, uncertain tax position charges, amount 8   15  
Tax charges related to foreign withholding taxes   17   56
Tax benefits related other tax charges   7   8
Tax benefits related to share-based payment arrangement       36
Unrecognized tax benefits 1,100   1,100  
Unrecognized tax benefits 853   853  
Unrecognized tax benefits change     95  
Penalties and interest accrued 86 $ 81 $ 86 $ 81
Likelihood of no resolution period     12 months  
Reasonably possible decrease in existing unrecognized tax benefits within the next 12 months $ 67   $ 67  
Other countries with income tax jurisdiction | country 60   60  
Tax benefits related to audit settlements $ 62   $ 58  
v3.23.1
Supplementary Financial Information - Cash, Cash Equivalents and Restricted Cash (Details) - USD ($)
$ in Millions
Apr. 30, 2023
Oct. 31, 2022
Apr. 30, 2022
Oct. 31, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]        
Cash and cash equivalents $ 1,923 $ 3,145    
Restricted cash 17 0    
Cash, cash equivalents and restricted cash $ 1,940 $ 3,145 $ 4,477 $ 4,299
v3.23.1
Supplementary Financial Information - Allowance for Doubtful Accounts (Details)
$ in Millions
 6 Months Ended
Apr. 30, 2023
USD ($)
Accounts Receivable, Allowance for Credit Loss [Roll Forward]  
Balance at beginning of period $ 107
Benefit of allowance for credit losses (10)
Deductions, net of recoveries (5)
Balance at end of period $ 92
v3.23.1
Supplementary Financial Information - Schedule of Transferred Trade Receivables Not Collected from Third Parties (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Apr. 30, 2023
Apr. 30, 2022
Apr. 30, 2023
Apr. 30, 2022
Trade Receivables Sold and Cash Received [Roll Forward]        
Balance at beginning of period $ 128 $ 121 $ 185 $ 131
Trade receivables sold 3,179 3,002 6,857 5,969
Cash receipts (3,136) (2,941) (6,888) (5,914)
Foreign currency and other 3 (9) 20 (13)
Balance at end of period $ 174 $ 173 $ 174 $ 173
v3.23.1
Supplementary Financial Information - Inventory (Details) - USD ($)
$ in Millions
Apr. 30, 2023
Oct. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]    
Finished goods $ 3,986 $ 4,885
Purchased parts and fabricated assemblies 3,235 2,710
Inventory $ 7,221 $ 7,595
v3.23.1
Supplementary Financial Information - Other Current Assets (Details) - USD ($)
$ in Millions
Apr. 30, 2023
Oct. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]    
Prepaid and other current assets $ 1,539 $ 2,170
Supplier and other receivables 1,299 1,377
Value-added taxes receivable 887 968
Other current assets $ 3,725 $ 4,515
v3.23.1
Supplementary Financial Information - Property Plant & Equipment (Details) - USD ($)
$ in Millions
Apr. 30, 2023
Oct. 31, 2022
Property, Plant and Equipment, Net    
Property, plant and equipment, gross $ 7,634 $ 7,592
Accumulated depreciation (4,863) (4,818)
Property, plant and equipment, net 2,771 2,774
Land, buildings and leasehold improvements    
Property, Plant and Equipment, Net    
Property, plant and equipment, gross 2,273 2,255
Machinery and equipment, including equipment held for lease    
Property, Plant and Equipment, Net    
Property, plant and equipment, gross $ 5,361 $ 5,337
v3.23.1
Supplementary Financial Information - Other Non-Current Assets (Details) - USD ($)
$ in Millions
Apr. 30, 2023
Oct. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]    
Deferred tax assets $ 3,092 $ 2,159
Intangible assets 1,776 1,933
Right-of-use assets $ 1,241 $ 1,236
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible Enumeration] Other non-current assets Other non-current assets
Prepaid pension and post-retirement benefit assets $ 541 $ 679
Deposits and prepaids 504 474
Other 800 990
Other non-current assets $ 7,954 $ 7,471
v3.23.1
Supplementary Financial Information - Other Current Liabilities (Details) - USD ($)
$ in Millions
Apr. 30, 2023
Oct. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]    
Sales and marketing programs $ 2,913 $ 2,967
Deferred revenue 1,377 1,393
Other accrued taxes 1,024 1,064
Employee compensation and benefit 998 954
Warranty $ 580 $ 619
Operating Lease, Liability, Current, Statement of Financial Position [Extensible Enumeration] Other accrued liabilities Other accrued liabilities
Operating lease liabilities $ 451 $ 405
Tax liability 379 286
Other 2,755 2,963
Other accrued liabilities $ 10,477 $ 10,651
v3.23.1
Supplementary Financial Information - Other Non-Current Liabilities (Details) - USD ($)
$ in Millions
Apr. 30, 2023
Oct. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]    
Deferred revenue $ 1,215 $ 1,171
Tax liability 934 931
Operating lease liability $ 885 $ 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 $ 599 $ 600
Deferred tax liability 37 121
Other 786 858
Other non-current liabilities $ 4,456 $ 4,556
v3.23.1
Supplementary Financial Information - Interest and Other, Net (Details) - USD ($)
 3 Months Ended 6 Months Ended
Apr. 30, 2023
Apr. 30, 2022
Apr. 30, 2023
Apr. 30, 2022
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]        
Interest expense on borrowings $ (153,000,000) $ (74,000,000) $ (297,000,000) $ (136,000,000)
Loss on extinguishment of debt 0 0 (8,000,000) 0
Non-operating retirement-related credits 13,000,000 36,000,000 25,000,000 72,000,000
Factoring costs (30,000,000) 0 (62,000,000) 0
Other, net 10,000,000 (1,000,000) 1,000,000 (7,000,000)
Interest and other, net $ (160,000,000) (39,000,000) $ (341,000,000) (71,000,000)
Selling, General and Administrative Expenses        
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]        
Factoring costs   $ 0   $ 0
v3.23.1
Supplementary Financial Information - Disaggregation of revenue (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Apr. 30, 2023
Apr. 30, 2022
Apr. 30, 2023
Apr. 30, 2022
Disaggregation of Revenue [Line Items]        
Total net revenue $ 12,913 $ 16,490 $ 26,741 $ 33,518
Americas        
Disaggregation of Revenue [Line Items]        
Total net revenue 5,452 6,903 11,225 13,762
Europe, Middle East and Africa        
Disaggregation of Revenue [Line Items]        
Total net revenue 4,388 6,022 9,028 11,958
Asia-Pacific and Japan        
Disaggregation of Revenue [Line Items]        
Total net revenue $ 3,073 $ 3,565 $ 6,488 $ 7,798
v3.23.1
Supplementary Financial Information - Value of Remaining Performance Obligations (Details)
$ in Billions
Apr. 30, 2023
USD ($)
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Remaining performance obligations $ 3.7
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2023-05-01  
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Remaining performance obligations $ 1.7
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]  
Remaining performance obligations period 12 months
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2024-05-01  
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Remaining performance obligations $ 2.0
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]  
Remaining performance obligations period
v3.23.1
Supplementary Financial Information - Costs of Obtaining Contracts (Details) - USD ($)
$ in Billions
 6 Months Ended
Apr. 30, 2023
Oct. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]    
Contract liability $ 2.6 $ 2.5
Revenue recognized $ 0.8  
v3.23.1
Fair Value (Details) - USD ($)
$ in Millions
Apr. 30, 2023
Oct. 31, 2022
Assets:    
Cash Equivalents: $ 981 $ 2,193
Derivative Instruments: 288 1,090
Liabilities:    
Derivative Instruments: 425 374
Fair value, short- and long-term debt 9,900 9,600
Carrying value, short- and long-term debt 10,600 11,000
Fair Value Measured on a Recurring Basis    
Assets:    
Total assets 1,325 3,346
Liabilities:    
Total liabilities 425 374
Fair Value Measured on a Recurring Basis | Corporate debt    
Assets:    
Cash Equivalents: 607 904
Fair Value Measured on a Recurring Basis | Government debt    
Assets:    
Cash Equivalents: 374 1,289
Fair Value Measured on a Recurring Basis | Financial institution instruments    
Assets:    
Available-for-Sale Investments: 3 5
Fair Value Measured on a Recurring Basis | Marketable securities and mutual funds    
Assets:    
Available-for-Sale Investments: 53 58
Fair Value Measured on a Recurring Basis | Foreign currency contracts    
Assets:    
Derivative Instruments: 287 1,088
Liabilities:    
Derivative Instruments: 368 295
Fair Value Measured on a Recurring Basis | Other derivatives    
Assets:    
Derivative Instruments: 1 2
Liabilities:    
Derivative Instruments: 0 1
Fair Value Measured on a Recurring Basis | Interest rate contracts    
Liabilities:    
Derivative Instruments: 57 78
Fair Value Measured on a Recurring Basis | Level 1    
Assets:    
Total assets 379 1,306
Liabilities:    
Total liabilities 0 0
Fair Value Measured on a Recurring Basis | Level 1 | Corporate debt    
Assets:    
Cash Equivalents: 0 0
Fair Value Measured on a Recurring Basis | Level 1 | Government debt    
Assets:    
Cash Equivalents: 374 1,289
Fair Value Measured on a Recurring Basis | Level 1 | Financial institution instruments    
Assets:    
Available-for-Sale Investments: 0 0
Fair Value Measured on a Recurring Basis | Level 1 | Marketable securities and mutual funds    
Assets:    
Available-for-Sale Investments: 5 17
Fair Value Measured on a Recurring Basis | Level 1 | Foreign currency contracts    
Assets:    
Derivative Instruments: 0 0
Liabilities:    
Derivative Instruments: 0 0
Fair Value Measured on a Recurring Basis | Level 1 | Other derivatives    
Assets:    
Derivative Instruments: 0 0
Liabilities:    
Derivative Instruments: 0 0
Fair Value Measured on a Recurring Basis | Level 1 | Interest rate contracts    
Liabilities:    
Derivative Instruments: 0 0
Fair Value Measured on a Recurring Basis | Level 2    
Assets:    
Total assets 946 2,040
Liabilities:    
Total liabilities 425 374
Fair Value Measured on a Recurring Basis | Level 2 | Corporate debt    
Assets:    
Cash Equivalents: 607 904
Fair Value Measured on a Recurring Basis | Level 2 | Government debt    
Assets:    
Cash Equivalents: 0 0
Fair Value Measured on a Recurring Basis | Level 2 | Financial institution instruments    
Assets:    
Available-for-Sale Investments: 3 5
Fair Value Measured on a Recurring Basis | Level 2 | Marketable securities and mutual funds    
Assets:    
Available-for-Sale Investments: 48 41
Fair Value Measured on a Recurring Basis | Level 2 | Foreign currency contracts    
Assets:    
Derivative Instruments: 287 1,088
Liabilities:    
Derivative Instruments: 368 295
Fair Value Measured on a Recurring Basis | Level 2 | Other derivatives    
Assets:    
Derivative Instruments: 1 2
Liabilities:    
Derivative Instruments: 0 1
Fair Value Measured on a Recurring Basis | Level 2 | Interest rate contracts    
Liabilities:    
Derivative Instruments: 57 78
Fair Value Measured on a Recurring Basis | Level 3    
Assets:    
Total assets 0 0
Liabilities:    
Total liabilities 0 0
Fair Value Measured on a Recurring Basis | Level 3 | Corporate debt    
Assets:    
Cash Equivalents: 0 0
Fair Value Measured on a Recurring Basis | Level 3 | Government debt    
Assets:    
Cash Equivalents: 0 0
Fair Value Measured on a Recurring Basis | Level 3 | Financial institution instruments    
Assets:    
Available-for-Sale Investments: 0 0
Fair Value Measured on a Recurring Basis | Level 3 | Marketable securities and mutual funds    
Assets:    
Available-for-Sale Investments: 0 0
Fair Value Measured on a Recurring Basis | Level 3 | Foreign currency contracts    
Assets:    
Derivative Instruments: 0 0
Liabilities:    
Derivative Instruments: 0 0
Fair Value Measured on a Recurring Basis | Level 3 | Other derivatives    
Assets:    
Derivative Instruments: 0 0
Liabilities:    
Derivative Instruments: 0 0
Fair Value Measured on a Recurring Basis | Level 3 | Interest rate contracts    
Liabilities:    
Derivative Instruments: $ 0 $ 0
v3.23.1
Financial Instruments - Schedule of Cash Equivalents and Available-for-Sale Investments (Details) - USD ($)
$ in Millions
Apr. 30, 2023
Oct. 31, 2022
Cash Equivalents:    
Cost $ 981 $ 2,193
Gross Unrealized Gain 0 0
Gross Unrealized Loss 0 0
Fair Value 981 2,193
Available-for-Sale Investments:    
Cost 44 55
Gross Unrealized Gain 12 8
Gross Unrealized Loss 0 0
Fair Value 56 63
Total cash equivalents and available-for-sale investments, Cost 1,025 2,248
Total cash equivalents and available-for-sale investments, Gross Unrealized Gain 12 8
Total cash equivalents and available-for-sale investments, Gross Unrealized Loss 0 0
Total cash equivalents and available-for-sale investments, Fair Value 1,037 2,256
Corporate debt    
Cash Equivalents:    
Cost 607 904
Gross Unrealized Gain 0 0
Gross Unrealized Loss 0 0
Fair Value 607 904
Government debt    
Cash Equivalents:    
Cost 374 1,289
Gross Unrealized Gain 0 0
Gross Unrealized Loss 0 0
Fair Value 374 1,289
Financial institution instruments    
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 41 50
Equity securities, Gross Unrealized Gain 12 8
Equity securities, Gross Unrealized Loss 0 0
Equity securities, Fair Value $ 53 $ 58
v3.23.1
Financial Instruments - Schedule of Contractual Maturities of Available for-sale Debt Securities (Details)
$ in Millions
Apr. 30, 2023
USD ($)
Amortized Cost  
Due in one year $ 3
Fair Value  
Due in one year $ 3
v3.23.1
Financial Instruments - Narrative (Details) - USD ($)
$ in Millions
 6 Months Ended
Apr. 30, 2023
Oct. 31, 2022
Derivatives, Fair Value    
Fair value of derivatives with credit contingent features in a net liability position $ 176 $ 82
Period to collateralize 2 days  
Loss expected to be reclassified from Accumulated OCI into earnings in next 12 months $ 82  
Cash flow hedges    
Derivatives, Fair Value    
Foreign currency maturity 12 months  
Other Non-Current Assets | Equity securities in privately held companies    
Derivatives, Fair Value    
Cost method and other equity investments $ 111 $ 110
v3.23.1
Financial Instruments - Schedule of Gross Notional and Fair Value of Derivative Financial Instruments in the Consolidated Condensed Balance Sheets (Details) - USD ($)
$ in Millions
Apr. 30, 2023
Oct. 31, 2022
Derivatives, Fair Value    
Outstanding Gross Notional $ 20,670 $ 21,440
Derivative Instruments, assets 288 1,090
Derivative Instruments, liabilities 425 374
Other Current Assets    
Derivatives, Fair Value    
Derivative Instruments, assets $ 230 $ 834
Derivative Asset, Statement of Financial Position [Extensible Enumeration] Other current assets Other current assets
Other Non-Current Assets    
Derivatives, Fair Value    
Derivative Instruments, assets $ 58 $ 256
Derivative Asset, Statement of Financial Position [Extensible Enumeration] Other non-current assets Other non-current assets
Other Current Liabilities    
Derivatives, Fair Value    
Derivative Instruments, liabilities $ 298 $ 224
Derivative Liability, Statement of Financial Position [Extensible Enumeration] Other current liabilities Other current liabilities
Other Non-Current Liabilities    
Derivatives, Fair Value    
Derivative Instruments, liabilities $ 127 $ 150
Derivative Liability, Statement of Financial Position [Extensible Enumeration] Other non-current liabilities Other non-current liabilities
Derivatives designated as hedging instruments    
Derivatives, Fair Value    
Outstanding Gross Notional $ 16,004 $ 16,764
Derivatives designated as hedging instruments | Other Current Assets    
Derivatives, Fair Value    
Derivative Instruments, assets 213 820
Derivatives designated as hedging instruments | Other Non-Current Assets    
Derivatives, Fair Value    
Derivative Instruments, assets 58 256
Derivatives designated as hedging instruments | Other Current Liabilities    
Derivatives, Fair Value    
Derivative Instruments, liabilities 284 206
Derivatives designated as hedging instruments | Other Non-Current Liabilities    
Derivatives, Fair Value    
Derivative Instruments, liabilities 127 150
Derivatives designated as hedging instruments | Fair value hedges | Interest rate contracts    
Derivatives, Fair Value    
Outstanding Gross Notional 750 750
Derivatives designated as hedging instruments | Fair value hedges | Interest rate contracts | Other Current Assets    
Derivatives, Fair Value    
Derivative Instruments, assets 0 0
Derivatives designated as hedging instruments | Fair value hedges | Interest rate contracts | Other Non-Current Assets    
Derivatives, Fair Value    
Derivative Instruments, assets 0 0
Derivatives designated as hedging instruments | Fair value hedges | Interest rate contracts | Other Current Liabilities    
Derivatives, Fair Value    
Derivative Instruments, liabilities 0 0
Derivatives designated as hedging instruments | Fair value hedges | Interest rate contracts | Other Non-Current Liabilities    
Derivatives, Fair Value    
Derivative Instruments, liabilities 57 78
Derivatives designated as hedging instruments | Cash flow hedges | Foreign currency contracts    
Derivatives, Fair Value    
Outstanding Gross Notional 15,254 16,014
Derivatives designated as hedging instruments | Cash flow hedges | Foreign currency contracts | Other Current Assets    
Derivatives, Fair Value    
Derivative Instruments, assets 213 820
Derivatives designated as hedging instruments | Cash flow hedges | Foreign currency contracts | Other Non-Current Assets    
Derivatives, Fair Value    
Derivative Instruments, assets 58 256
Derivatives designated as hedging instruments | Cash flow hedges | Foreign currency contracts | Other Current Liabilities    
Derivatives, Fair Value    
Derivative Instruments, liabilities 284 206
Derivatives designated as hedging instruments | Cash flow hedges | Foreign currency contracts | Other Non-Current Liabilities    
Derivatives, Fair Value    
Derivative Instruments, liabilities 70 72
Derivatives not designated as hedging instruments    
Derivatives, Fair Value    
Outstanding Gross Notional 4,666 4,676
Derivatives not designated as hedging instruments | Other Current Assets    
Derivatives, Fair Value    
Derivative Instruments, assets 17 14
Derivatives not designated as hedging instruments | Other Non-Current Assets    
Derivatives, Fair Value    
Derivative Instruments, assets 0 0
Derivatives not designated as hedging instruments | Other Current Liabilities    
Derivatives, Fair Value    
Derivative Instruments, liabilities 14 18
Derivatives not designated as hedging instruments | Other Non-Current Liabilities    
Derivatives, Fair Value    
Derivative Instruments, liabilities 0 0
Derivatives not designated as hedging instruments | Foreign currency contracts    
Derivatives, Fair Value    
Outstanding Gross Notional 4,538 4,554
Derivatives not designated as hedging instruments | Foreign currency contracts | Other Current Assets    
Derivatives, Fair Value    
Derivative Instruments, assets 16 12
Derivatives not designated as hedging instruments | Foreign currency contracts | Other Non-Current Assets    
Derivatives, Fair Value    
Derivative Instruments, assets 0 0
Derivatives not designated as hedging instruments | Foreign currency contracts | Other Current Liabilities    
Derivatives, Fair Value    
Derivative Instruments, liabilities 14 17
Derivatives not designated as hedging instruments | Foreign currency contracts | Other Non-Current Liabilities    
Derivatives, Fair Value    
Derivative Instruments, liabilities 0 0
Derivatives not designated as hedging instruments | Other derivatives    
Derivatives, Fair Value    
Outstanding Gross Notional 128 122
Derivatives not designated as hedging instruments | Other derivatives | Other Current Assets    
Derivatives, Fair Value    
Derivative Instruments, assets 1 2
Derivatives not designated as hedging instruments | Other derivatives | Other Non-Current Assets    
Derivatives, Fair Value    
Derivative Instruments, assets 0 0
Derivatives not designated as hedging instruments | Other derivatives | Other Current Liabilities    
Derivatives, Fair Value    
Derivative Instruments, liabilities 0 1
Derivatives not designated as hedging instruments | Other derivatives | Other Non-Current Liabilities    
Derivatives, Fair Value    
Derivative Instruments, liabilities $ 0 $ 0
v3.23.1
Financial Instruments - Schedule of Information Related to the Potential Effect of Entity's Master Netting Agreements and Collateral Security Agreements (Details) - USD ($)
$ in Millions
 6 Months Ended
Apr. 30, 2023
Oct. 31, 2022
Derivative assets    
Gross Amount Recognized $ 288 $ 1,090
Gross Amount Offset 0 0
Net Amount Presented 288 1,090
Gross Amounts Not Offset    
Derivatives 242 290
Financial Collateral 39 616
Net Amount 7 184
Derivative liabilities    
Gross Amount Recognized 425 374
Gross Amount Offset 0 0
Net Amount Presented 425 374
Gross Amounts Not Offset    
Derivatives 242 290
Financial Collateral 165 86
Net Amount $ 18 $ (2)
Period to collateralize 2 days  
v3.23.1
Financial Instruments - Schedule of Pre-Tax Effect of Derivative Instruments and Related Hedged Items in a Fair Value Hedging Relationship (Details) - Interest rate contracts - Interest and other, net - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Apr. 30, 2023
Apr. 30, 2022
Apr. 30, 2023
Apr. 30, 2022
Derivative Instruments, Gain (Loss)        
Total amounts of income/(expense) line items in the statement of financial performance in which the effects of fair value hedges are recorded $ (160) $ (39) $ (341) $ (71)
Gain/(loss) recognized in earnings on derivative instruments 7 (31) 21 (42)
Gain/(loss) recognized in earnings on hedged item $ (7) $ 31 $ (21) $ 42
v3.23.1
Financial Instruments - Schedule of Pre-Tax Effect of Derivative Instruments in Cash Flow Hedging Relationships (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Apr. 30, 2023
Apr. 30, 2022
Apr. 30, 2023
Apr. 30, 2022
Pre-tax effect of derivative instruments in cash flow hedging relationships        
Gain/(loss) recognized in Accumulated other comprehensive loss on derivative $ (66) $ 603 $ (689) $ 902
Total amounts of income/(expense) line items in the statement of financial performance in which the effects of cash flow hedges are recorded 762 1,278 1,527 2,637
Gain/(loss) reclassified from Accumulated  other comprehensive (loss) income into earnings (162) 120 172 164
Cash flow hedges        
Pre-tax effect of derivative instruments in cash flow hedging relationships        
Gain/(loss) reclassified from Accumulated  other comprehensive (loss) income into earnings (162) 120 172 164
Cash flow hedges | Net revenue        
Pre-tax effect of derivative instruments in cash flow hedging relationships        
Total amounts of income/(expense) line items in the statement of financial performance in which the effects of cash flow hedges are recorded 12,913 16,490 26,741 33,518
Gain/(loss) reclassified from Accumulated  other comprehensive (loss) income into earnings (109) 142 277 199
Cash flow hedges | Cost of revenue        
Pre-tax effect of derivative instruments in cash flow hedging relationships        
Total amounts of income/(expense) line items in the statement of financial performance in which the effects of cash flow hedges are recorded (9,984) (13,157) (21,003) (26,800)
Gain/(loss) reclassified from Accumulated  other comprehensive (loss) income into earnings (55) (21) (109) (35)
Cash flow hedges | Other operating expenses        
Pre-tax effect of derivative instruments in cash flow hedging relationships        
Total amounts of income/(expense) line items in the statement of financial performance in which the effects of cash flow hedges are recorded (2,167) (2,055) (4,211) (4,081)
Gain/(loss) reclassified from Accumulated  other comprehensive (loss) income into earnings (1) 0 (2) 1
Cash flow hedges | Interest and other, net        
Pre-tax effect of derivative instruments in cash flow hedging relationships        
Total amounts of income/(expense) line items in the statement of financial performance in which the effects of cash flow hedges are recorded (160) (39) (341) (71)
Gain/(loss) reclassified from Accumulated  other comprehensive (loss) income into earnings 3 (1) 6 (1)
Foreign currency contracts | Cash flow hedges        
Pre-tax effect of derivative instruments in cash flow hedging relationships        
Gain/(loss) recognized in Accumulated other comprehensive loss on derivative (66) 553 (689) 833
Interest rate contracts | Cash flow hedges        
Pre-tax effect of derivative instruments in cash flow hedging relationships        
Gain/(loss) recognized in Accumulated other comprehensive loss on derivative $ 0 $ 50 $ 0 $ 69
v3.23.1
Financial Instruments - Schedule of Pre-Tax Effect of Derivative Instruments not Designated as Hedging Instruments on the Consolidated Condensed Statements of Earnings (Details) - Interest and other, net - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Apr. 30, 2023
Apr. 30, 2022
Apr. 30, 2023
Apr. 30, 2022
Derivative Instruments, Gain (Loss)        
Gain/(loss) recognized in earnings on derivative instrument $ (2) $ 31 $ (40) $ (17)
Foreign currency contracts        
Derivative Instruments, Gain (Loss)        
Gain/(loss) recognized in earnings on derivative instrument 4 32 (40) (5)
Other derivatives        
Derivative Instruments, Gain (Loss)        
Gain/(loss) recognized in earnings on derivative instrument $ (6) $ (1) $ 0 $ (12)
v3.23.1
Borrowings - Schedule of Notes Payable and Short-Term Borrowings (Details) - USD ($)
$ in Millions
Apr. 30, 2023
Oct. 31, 2022
Amount Outstanding    
Current portion of long-term debt $ 166 $ 165
Notes payable to banks, lines of credit and other $ 240 $ 218
Weighted-Average Interest Rate    
Current portion of long-term debt 6.10% 5.40%
Notes payable to banks, lines of credit and other    
Amount Outstanding    
Notes payable to banks, lines of credit and other $ 74 $ 53
Weighted-Average Interest Rate    
Notes payable to banks, lines of credit and other 1.00% 0.60%
v3.23.1
Borrowings - Schedule of Long-Term Debt (Details) - USD ($)
 6 Months Ended
Apr. 30, 2023
Oct. 31, 2022
Long-term debt    
Fair value adjustment related to hedged debt $ (57,000,000) $ (78,000,000)
Unamortized debt issuance cost (71,000,000) (80,000,000)
Current portion of long-term debt (166,000,000) (165,000,000)
Total long-term debt 10,360,000,000 10,796,000,000
U.S. Dollar Global Notes    
Long-term debt    
Long-term debt 10,188,000,000 10,683,000,000
$1,200 issued at discount to par at a price of 99.863% at 6.00%, due September 2041    
Long-term debt    
Long-term debt 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    
Long-term debt    
Long-term debt $ 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    
Long-term debt    
Long-term debt $ 998,000,000 997,000,000
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    
Long-term debt    
Long-term debt $ 848,000,000 848,000,000
Face amount of debt instrument $ 850,000,000  
Discount to par (percent) 99.79%  
Interest rate (percent) 3.40%  
$1,000 issued at discount to par at a price of 99.808% at 1.45%, due June 2026    
Long-term debt    
Long-term debt $ 999,000,000 999,000,000
Face amount of debt instrument $ 1,000,000,000  
Discount to par (percent) 99.808%  
Interest rate (percent) 1.45%  
$1,000 issued at discount to par at a price of 99.573% at 2.65%, due June 2031    
Long-term debt    
Long-term debt $ 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    
Long-term debt    
Long-term debt $ 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    
Long-term debt    
Long-term debt $ 1,000,000,000 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    
Long-term debt    
Long-term debt $ 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    
Long-term debt    
Long-term debt $ 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    
Long-term debt    
Long-term debt $ 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 calendar years 2023-2029    
Long-term debt    
Other borrowings at 1.58%-8.30%, due in calendar years 2023-2029 $ 466,000,000 $ 436,000,000
Other borrowings at 1.58%-8.30%, due in calendar years 2023-2029 | Minimum    
Long-term debt    
Interest rate (percent) 1.58%  
Other borrowings at 1.58%-8.30%, due in calendar years 2023-2029 | Maximum    
Long-term debt    
Interest rate (percent) 8.30%  
v3.23.1
Borrowings - Narrative (Details) - USD ($)
Mar. 31, 2023
Apr. 30, 2023
Commercial Paper    
Line of Credit Facility [Line Items]    
Maximum borrowing capacity under credit facility   $ 6,000,000,000
Revolving credit facility    
Line of Credit Facility [Line Items]    
Maximum borrowing capacity under credit facility   5,000,000,000
Revolving credit facility | 364-Day Revolving Credit Facility    
Line of Credit Facility [Line Items]    
Maximum borrowing capacity under credit facility $ 1,000,000,000  
Revolving credit facility, term 364 days  
Credit facilities    
Line of Credit Facility [Line Items]    
Available borrowing resources   $ 1,200,000,000
v3.23.1
Stockholders' Deficit - Narrative (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Apr. 30, 2023
Apr. 30, 2022
Apr. 30, 2023
Apr. 30, 2022
Stockholders' Equity Note [Abstract]        
Repurchases of common stock (shares) 0 27,000,000 3,600,000 69,000,000
Payment in connection with repurchases of shares   $ 1,000 $ 100 $ 2,518
Shares settled (in shares)   1,000,000   1,000,000
Share repurchase authorization remaining $ 2,000   $ 2,000  
v3.23.1
Stockholders' Deficit - Tax Effects Related to Other Comprehensive Income (Loss) (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Apr. 30, 2023
Apr. 30, 2022
Apr. 30, 2023
Apr. 30, 2022
Components of accumulated other comprehensive income, net of taxes        
Tax (provision) benefit on other comprehensive income (loss) $ (22) $ (90) $ 170 $ (116)
Tax benefit (provision) on unrealized (losses) gains arising during the period        
Components of accumulated other comprehensive income, net of taxes        
Tax benefit (provision) on unrealized (losses) gains arising during the period 0 1 (1) 1
Net unrealized gains (losses) on cash flow hedges        
Components of accumulated other comprehensive income, net of taxes        
Tax benefit (provision) on unrealized (losses) gains arising during the period 20 (114) 126 (146)
Tax effects on reclassification into earnings (41) 24 37 36
Tax (provision) benefit on other comprehensive income (loss) (21) (90) 163 (110)
Tax (provision) benefit on gains (losses) arising during the period        
Components of accumulated other comprehensive income, net of taxes        
Tax benefit (provision) on unrealized (losses) gains arising during the period (1) 0 8 (6)
Tax benefit on amortization of actuarial loss and prior service benefit        
Components of accumulated other comprehensive income, net of taxes        
Tax effects on reclassification into earnings 0 (1) 0 (2)
Tax provision on curtailments, settlements and other        
Components of accumulated other comprehensive income, net of taxes        
Tax effects on reclassification into earnings 0 (1) 0 (1)
Unrealized components of defined benefit plans        
Components of accumulated other comprehensive income, net of taxes        
Tax (provision) benefit on other comprehensive income (loss) (1) (2) 8 (9)
Change in cumulative translation adjustment        
Components of accumulated other comprehensive income, net of taxes        
Tax (provision) benefit on other comprehensive income (loss) $ 0 $ 1 $ 0 $ 2
v3.23.1
Stockholders' Deficit - Changes and Reclassifications Related to Other Comprehensive Income (Loss), Net of Taxes (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Apr. 30, 2023
Apr. 30, 2022
Apr. 30, 2023
Apr. 30, 2022
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]        
Unrealized (losses) gains arising during the period     $ (546)  
(Gains) losses reclassified into earnings     (135)  
Other comprehensive income (loss), net of taxes $ 88 $ 363 (681) $ 607
Unrealized (losses) gains arising during the period        
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]        
Unrealized (losses) gains arising during the period 0 (3) 3 (5)
(Gains) losses reclassified into earnings     0  
Net unrealized gains (losses) on cash flow hedges        
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]        
Unrealized (losses) gains arising during the period (46) 489 (563) 756
(Gains) losses reclassified into earnings 121 (96) (135) (128)
Other comprehensive income (loss), net of taxes 75 393 (698) 628
Gains (losses) arising during the period        
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]        
Unrealized (losses) gains arising during the period 5 1 (24) 16
Amortization of actuarial loss and prior service benefit        
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]        
(Gains) losses reclassified into earnings 0 4 0 9
Curtailments, settlements and other        
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]        
(Gains) losses reclassified into earnings (1) (1) 0 (1)
Change in unrealized components of defined benefit plans        
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]        
Unrealized (losses) gains arising during the period     (24)  
(Gains) losses reclassified into earnings     0  
Other comprehensive income (loss), net of taxes 4 4 (24) 24
Change in cumulative translation adjustment        
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]        
Unrealized (losses) gains arising during the period     38  
(Gains) losses reclassified into earnings     0  
Change in cumulative translation adjustment $ 9 $ (31) $ 38 $ (40)
v3.23.1
Stockholders' Deficit - Accumulated Other Comprehensive Income (Loss), Net of Taxes (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Apr. 30, 2023
Apr. 30, 2022
Apr. 30, 2023
Apr. 30, 2022
Components of accumulated other comprehensive income, net of taxes        
Balance at beginning of period $ (3,730) $ (2,328) $ (2,918) $ (1,650)
Other comprehensive gain (loss) before reclassifications     (546)  
Reclassifications of gain into earnings     (135)  
Balance at end of period (2,484) (1,898) (2,484) (1,898)
Accumulated other comprehensive income (loss)        
Components of accumulated other comprehensive income, net of taxes        
Balance at beginning of period (456) (16) 313 (260)
Balance at end of period (368) 347 (368) 347
Net unrealized gains (losses) on available-for-sale debt securities        
Components of accumulated other comprehensive income, net of taxes        
Balance at beginning of period     6  
Other comprehensive gain (loss) before reclassifications 0 (3) 3 (5)
Reclassifications of gain into earnings     0  
Balance at end of period 9   9  
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 gain (loss) before reclassifications (46) 489 (563) 756
Reclassifications of gain into earnings 121 $ (96) (135) $ (128)
Balance at end of period (50)   (50)  
Unrealized components of defined benefit plans        
Components of accumulated other comprehensive income, net of taxes        
Balance at beginning of period     (295)  
Other comprehensive gain (loss) before reclassifications     (24)  
Reclassifications of gain into earnings     0  
Balance at end of period (319)   (319)  
Change in cumulative translation adjustment        
Components of accumulated other comprehensive income, net of taxes        
Balance at beginning of period     (46)  
Other comprehensive gain (loss) before reclassifications     38  
Reclassifications of gain into earnings     0  
Balance at end of period $ (8)   $ (8)  
v3.23.1
Net Earnings Per Share (Details) - USD ($)
$ / shares in Units, shares in Thousands, $ in Millions
 3 Months Ended 6 Months Ended
Apr. 30, 2023
Apr. 30, 2022
Apr. 30, 2023
Apr. 30, 2022
Numerator:        
Net earnings, basic $ 1,066 $ 1,000 $ 1,553 $ 2,086
Net earnings, diluted $ 1,066 $ 1,000 $ 1,553 $ 2,086
Denominator:        
Weighted-average shares used to compute basic net EPS (in shares) 991,000 1,050,000 990,000 1,066,000
Dilutive effect of employee stock plans (shares) 7,000 12,000 7,000 12,000
Weighted-average shares used to compute diluted net EPS (in shares) 998,000 1,062,000 997,000 1,078,000
Net earnings per share:        
Basic (usd per share) $ 1.08 $ 0.95 $ 1.57 $ 1.96
Diluted (usd per share) $ 1.07 $ 0.94 $ 1.56 $ 1.94
Anti-dilutive weighted-average stock-based compensation awards (shares) 5,000 1,000 7,000 4,000
v3.23.1
Litigation and Contingencies (Details)
$ in Millions
 1 Months Ended 17 Months Ended
Nov. 11, 2020
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 Litigation                          
Litigation and Contingencies                          
New claims filed | claim                     2    
Forsyth, et al. v. HP Inc. and Hewlett Packard Enterprise                          
Litigation and Contingencies                          
Minimum age of plaintiff | age   40                      
India Directorate of Revenue Intelligence Proceedings                          
Litigation and Contingencies                          
Number of current employees | employee               7          
Number of former employee | 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                    
v3.23.1
Guarantees, Indemnifications and Warranties (Details)
$ in Millions
 6 Months Ended
Apr. 30, 2023
USD ($)
Changes in aggregated product warranty liabilities  
Balance at beginning of period $ 876
Accruals for warranties issued 329
Adjustments related to pre-existing warranties (including changes in estimates) 12
Settlements made (in cash or in kind) (436)
Balance at end of period $ 781