Fair Value (Tables)

6 Months Ended

Apr. 30, 2022

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, 2022								As of October 31, 2021
	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	$	—	$	735	$	—	$	735	$	—	$	1,112	$	—	$	1,112
Government debt(1)	2,558		—		—		2,558		1,931		—		—		1,931
Available-for-Sale Investments:
Financial institution instruments	—		5		—		5		—		5		—		5
Marketable equity securities and mutual funds	6		48		—		54		15		56		—		71
Derivative Instruments:
Interest rate contracts	—		3		—		3		—		—		—		—
Foreign currency contracts	—		1,004		—		1,004		—		277		—		277
Other derivatives	—		2		—		2		—		5		—		5
Total assets	$	2,564	$	1,797	$	—	$	4,361	$	1,946	$	1,455	$	—	$	3,401
Liabilities:
Derivative Instruments:
Interest rate contracts	$	—	$	58	$	—	$	58	$	—	$	24	$	—	$	24
Foreign currency contracts	—		238		—		238		—		203		—		203
Other derivatives	—		9		—		9		—		—		—		—
Total liabilities	$	—	$	305	$	—	$	305	$	—	$	227	$	—	$	227

(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.