Stockholders' Deficit

3 Months Ended

Jan. 31, 2022

Stockholders' Equity Note [Abstract]

Stockholders' Deficit

Stockholders’ Deficit

Share Repurchase Program

HP’s share repurchase program authorizes both open market and private repurchase transactions. During the three months ended January 31, 2022, HP executed share repurchases of 42 million shares and settled total shares for $1.5 billion. During the three months ended January 31, 2021, HP executed share repurchases of 61 million shares and settled total shares for $1.4 billion. Share repurchases executed during the three months ended January 31, 2022 and 2021 included 1.1 million and 3.2 million shares settled in February 2022 and 2021, respectively.

The shares repurchased during the three months ended January 31, 2022 and 2021 were all open market repurchase transactions. As of January 31, 2022, HP had approximately $4.9 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 January 31
	2022		2021
	In millions
Tax effect on change in unrealized components of available-for-sale debt securities:
Tax provision on unrealized gains arising during the period	$	—	$	(1)
Tax effect on change in unrealized components of cash flow hedges:
Tax (provision) benefit on unrealized gains (losses) arising during the period	(32)		47
Tax provision (benefit) on (gains) losses reclassified into earnings	12		(4)
	(20)		43
Tax effect on change in unrealized components of defined benefit plans:
Tax provision on gains arising during the period	(6)		—
Tax benefit on amortization of actuarial loss and prior service benefit	(1)		(5)
	(7)		(5)
Tax effect on change in cumulative translation adjustment	1		(5)
Tax (provision) benefit on other comprehensive income (loss)	$	(26)	$	32

Changes and reclassifications related to Other Comprehensive Income (Loss), net of taxes

	Three months ended January 31
	2022		2021
	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	$	(2)	$	3
Change in unrealized components of cash flow hedges:
Unrealized gains (losses) arising during the period	267		(319)
(Gains) losses reclassified into earnings	(32)		45
	235		(274)
Change in unrealized components of defined benefit plans:
Gains (losses) arising during the period	15		(1)
Amortization of actuarial loss and prior service benefit(1)	5		16
Curtailments, settlements and other	—		1
	20		16
Change in cumulative translation adjustment	(9)		25
Other comprehensive income (loss), net of taxes	$	244	$	(230)

(1)These components are included in the computation of net pension and post-retirement benefit (credit) charges in Note 4, “Retirement and Post-Retirement Benefit Plans”.

The components of Accumulated other comprehensive loss, net of taxes and changes were as follows:

	Three months ended January 31, 2022
	Net unrealized gains on available-for-sale debt securities		Net unrealized (losses) gains on cash flow hedges		Unrealized components of defined benefit plans		Change in cumulative translation adjustment		Accumulated other comprehensive loss
	In millions
Balance at beginning of period	$	15	$	19	$	(323)	$	29	$	(260)
Other comprehensive income (loss) before reclassifications	(2)		267		15		(9)		271
Reclassifications of losses into earnings	—		(32)		5		—		(27)
Balance at end of period	$	13	$	254	$	(303)	$	20	$	(16)