Fair Value (Tables)

12 Months Ended

Oct. 31, 2020

Assets and Liabilities Measured at Fair Value on a Recurring Basis

The following table presents HP’s assets and liabilities that are measured at fair value on a recurring basis:


	As of October 31, 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	$	—	$	1,700	$	—	$	1,700	$	—	$	1,283	$	—	$	1,283
Financial institution instruments	—		59		—		59		—		—		—		—
Government debt(1)	1,992		181		—		2,173		2,422		—		—		2,422
Available-for-Sale Investments
Corporate debt	—		169		—		169		—		—		—		—
Financial institution instruments	—		32		—		32		—		—		—		—
Government debt(1)	—		73		—		73		—		—		—		—
Marketable equity securities and Mutual funds	5		53		—		58		6		50		—		56
Derivative Instruments
Interest rate contracts	—		4		—		4		—		4		—		4
Foreign currency contracts	—		191		—		191		—		381		—		381
Other derivatives	—		—		—		—		—		7		—		7
Total Assets	$	1,997	$	2,462	$	—	$	4,459	$	2,428	$	1,725	$	—	$	4,153
Liabilities:
Derivative Instruments
Interest rate contracts	$	—	$	3	$	—	$	3	$	—	$	—	$	—	$	—
Foreign currency contracts	—		256		—		256		—		165		—		165
Other derivatives	—		3		—		3		—		1		—		1
Total Liabilities	$	—	$	262	$	—	$	262	$	—	$	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.