Fair Value (Tables)

9 Months Ended

Jul. 31, 2019

Fair Value Disclosures [Abstract]

Assets and Liabilities Measured and Recorded 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 July 31, 2019								As of October 31, 2018
	Fair Value Measured Using								Fair Value Measured Using
	Level 1		Level 2		Level 3		Total		Level 1		Level 2		Level 3		Total
	In millions
Assets:
Cash Equivalents:
Corporate debt	$	—	$	1,188	$	—	$	1,188	$	—	$	1,620	$	—	$	1,620
Financial institution instruments	—		—		—		—		—		9		—		9
Government debt(1)	2,929		—		—		2,929		2,217		150		—		2,367
Available-for-Sale Investments:
Corporate debt	—		—		—		—		—		366		—		366
Financial institution instruments	—		—		—		—		—		32		—		32
Government debt(1)	—		—		—		—		—		313		—		313
Mutual funds	49		—		—		49		47		—		—		47
Marketable equity securities	6		—		—		6		6		—		—		6
Derivative Instruments:
Foreign currency contracts	—		469		—		469		—		508		7		515
Other derivatives	—		6		—		6		—		—		—		—
Total Assets	$	2,984	$	1,663	$	—	$	4,647	$	2,270	$	2,998	$	7	$	5,275
Liabilities:
Derivative Instruments:
Interest rate contracts	$	—	$	—	$	—	$	—	$	—	$	23	$	—	$	23
Foreign currency contracts	—		104		—		104		—		164		—		164
Other derivatives	—		1		—		1		—		8		—		8
Total Liabilities	$	—	$	105	$	—	$	105	$	—	$	195	$	—	$	195

⁽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.