Financial Instruments (Tables)

3 Months Ended

Jan. 31, 2022

Investments, All Other Investments [Abstract]

Schedule of Cash Equivalents and Available-for-Sale Investments

Cash Equivalents and Available-for-Sale Investments

	As of January 31, 2022								As of October 31, 2021
	Cost		Gross Unrealized Gain		Gross Unrealized Loss		Fair Value		Cost		Gross Unrealized Gain		Gross Unrealized Loss		Fair Value
	In millions
Cash Equivalents:
Corporate debt	$	1,047	$	—	$	—	$	1,047	$	1,112	$	—	$	—	$	1,112
Government debt	927		—		—		927		1,931		—		—		1,931
Total cash equivalents	1,974		—		—		1,974		3,043		—		—		3,043
Available-for-Sale Investments:
Financial institution instruments	5		—		—		5		5		—		—		5
Marketable equity securities and mutual funds	42		22		—		64		42		29		—		71
Total available-for-sale investments	47		22		—		69		47		29		—		76
Total cash equivalents and available-for-sale investments	$	2,021	$	22	$	—	$	2,043	$	3,090	$	29	$	—	$	3,119

Schedule of Contractual Maturities

Contractual maturities of investments in available-for-sale debt securities were as follows:

	As of January 31, 2022
	Amortized Cost		Fair Value
	In millions
Due in one year	$	5	$	5

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 January 31, 2022										As of October 31, 2021
	Outstanding Gross Notional		Other Current Assets		Other Non-Current Assets		Other Current Liabilities		Other Non-Current Liabilities		Outstanding Gross Notional		Other Current Assets		Other Non-Current Assets		Other Current Liabilities		Other Non-Current Liabilities
	In millions
Derivatives designated as hedging instruments
Fair value hedges:
Interest rate contracts	$	750	$	—	$	—	$	—	$	27	$	750	$	—	$	—	$	—	$	16
Cash flow hedges:
Foreign currency contracts	18,015		346		116		117		28		17,137		198		69		148		42
Interest rate contracts	1,500		—		13		—		2		1,500		—		—		—		8
Total derivatives designated as hedging instruments	20,265		346		129		117		57		19,387		198		69		148		66
Derivatives not designated as hedging instruments
Foreign currency contracts	4,124		15		—		14		—		6,293		10		—		13		—
Other derivatives	144		—		—		6		—		103		5		—		—		—
Total derivatives not designated as hedging instruments	4,268		15		—		20		—		6,396		15		—		13		—
Total derivatives	$	24,533	$	361	$	129	$	137	$	57	$	25,783	$	213	$	69	$	161	$	66

Schedule of Offsetting Assets

As of January 31, 2022 and October 31, 2021, 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 January 31, 2022
Derivative assets	$	490	$	—	$	490	$	153	$	321	(1)	$	16
Derivative liabilities	$	194	$	—	$	194	$	153	$	33	(2)	$	8
As of October 31, 2021
Derivative assets	$	282	$	—	$	282	$	160	$	65	(1)	$	57
Derivative liabilities	$	227	$	—	$	227	$	160	$	64	(2)	$	3

(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 January 31, 2022 and October 31, 2021, 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 January 31, 2022
Derivative assets	$	490	$	—	$	490	$	153	$	321	(1)	$	16
Derivative liabilities	$	194	$	—	$	194	$	153	$	33	(2)	$	8
As of October 31, 2021
Derivative assets	$	282	$	—	$	282	$	160	$	65	(1)	$	57
Derivative liabilities	$	227	$	—	$	227	$	160	$	64	(2)	$	3

(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 Instrument	Hedged Item	Location	Year	Total amounts of income/(expense) line items in the statement of financial performance in which the effects of fair value hedges are recorded		Gain/(loss) recognized in earnings on derivative instruments		Gain/(loss) recognized in earnings on hedged item
				In millions
Three months ended January 31
Interest rate contract	Fixed-rate debt	Interest and other, net	2022	$	(32)	$	(11)	$	11
			2021	$	(25)	$	(3)	$	3

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 was as follows:

	Three months ended January 31
	2022		2021
	In millions
Gain/(loss) recognized in Accumulated other comprehensive loss on derivatives:
Foreign currency contracts	$	280	$	(366)
Interest rate contracts	$	19	$	—

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 recorded				Gain/(loss) reclassified from Accumulated  other comprehensive loss into earnings
	Three months ended January 31				Three months ended January 31
	2022		2021		2022		2021
	In millions
Net revenue	$	17,028	$	15,646	$	57	$	(43)
Cost of revenue	(13,643)		(12,322)		(14)		(6)
Other operating expenses	(2,026)		(2,003)		1		—
Total					$	44	$	(49)

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 months ended January 31, 2022 and 2021 was as follows:

	Gain/(loss) recognized in earnings on derivative instrument
		Three months ended January 31
	Location	2022		2021
		In millions
Foreign currency contracts	Interest and other, net	$	(36)	$	14
Other derivatives	Interest and other, net	(11)		3
Total		$	(47)	$	17