Fair Value (Tables)

6 Months Ended

Apr. 30, 2020

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 April 30, 2020								As of October 31, 2019
	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	$	—	$	622	$	—	$	622	$	—	$	1,283	$	—	$	1,283
Government debt(1)	2,207		—		—		2,207		2,422		—		—		2,422
Available-for-Sale Investments:
Marketable equity securities and Mutual funds	4		48		—		52		6		50		—		56
Derivative Instruments:
Interest rate contracts	—		14		—		14		—		4		—		4
Foreign currency contracts	—		538		—		538		—		381		—		381
Other derivatives	—		12		—		12		—		7		—		7
Total Assets	$	2,211	$	1,234	$	—	$	3,445	$	2,428	$	1,725	$	—	$	4,153
Liabilities:
Derivative Instruments:
Interest rate contracts	$	—	$	8	$	—	$	8	$	—	$	—	$	—	$	—
Foreign currency contracts	—		135		—		135		—		165		—		165
Other derivatives	—		1		—		1		—		1		—		1
Total Liabilities	$	—	$	144	$	—	$	144	$	—	$	166	$	—	$	166

⁽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.