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Supplementary Financial Information
 9 Months Ended
Jul. 31, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Supplementary Financial Information Supplementary Financial Information
Cash, cash equivalents and restricted cash
 As of
 July 31, 2023October 31, 2022
 In millions
Cash and cash equivalents$1,673 $3,145 
Restricted cash(1)
45 — 
$1,718 $3,145 
(1)    Restricted Cash is related to amounts collected and held on behalf of a third party for trade receivables previously sold.

Accounts Receivable
The allowance for credit losses related to accounts receivable and changes were as follows:
 Nine months ended July 31, 2023
 In millions
Balance at beginning of period$107 
Benefit of allowance for credit losses(7)
Deductions, net of recoveries(9)
Balance at end of period$91 
HP utilizes certain third-party arrangements in the normal course of business as part of HPs cash and liquidity management and also to provide liquidity to certain partners to facilitate their working capital requirements. These financing arrangements, which in certain circumstances may contain partial recourse, result in a transfer of HP’s receivables and risk to the third-party. As these transfers qualify as true sales under the applicable accounting guidance, the receivables are de-recognized from the Consolidated Condensed Balance Sheets upon transfer, and HP receives a payment for the receivables from the third-party within a mutually agreed upon time period. For arrangements involving an element of recourse, the recourse obligation is measured using market data from similar transactions and reported as a current liability in the Consolidated Condensed Balance Sheets. The recourse obligations as of July 31, 2023 and October 31, 2022 were not material.
The following is a summary of the activity under these arrangements:
Three months ended July 31Nine months ended July 31
 2023 20222023 2022
 In millions
Balance at beginning of period(1)
$174 $173 $185 $131 
Trade receivables sold3,383 2,918 10,241 8,887 
Cash receipts(3,398)(2,897)(10,286)(8,811)
Foreign currency and other— (5)19 (18)
Balance at end of period(1)
$159 $189 $159 $189 
(1) Amounts outstanding from third parties reported in Accounts receivable in the Consolidated Condensed Balance Sheets.
Inventory
 As of
 July 31, 2023October 31, 2022
 In millions
Finished goods$4,171 $4,885 
Purchased parts and fabricated assemblies3,026 2,729 
$7,197 $7,614 

Other Current Assets
 As of
 July 31, 2023October 31, 2022
 In millions
Supplier and other receivables1,868 1,377 
Prepaid and other current assets1,451 2,086 
Value-added taxes receivable862 968 
$4,181 $4,431 

Property, Plant and Equipment, net
 As of
 July 31, 2023October 31, 2022
 In millions
Land, buildings and leasehold improvements$2,305 $2,255 
Machinery and equipment, including equipment held for lease5,385 5,337 
7,690 7,592 
Accumulated depreciation(4,907)(4,818)
$2,783 $2,774 

Other Non-Current Assets
 As of
 July 31, 2023October 31, 2022
 In millions
Deferred tax assets$3,054 $2,167 
Intangible assets1,690 1,933 
Right-of-use assets1,171 1,236 
Prepaid pension and post-retirement benefit assets559 642 
Deposits and prepaids470 474 
Other828 991 
$7,772 $7,443 
Other Current Liabilities
 As of
 July 31, 2023October 31, 2022
 In millions
Sales and marketing programs$3,031 $2,984 
Deferred revenue1,379 1,393 
Other accrued taxes1,014 1,064 
Employee compensation and benefit905 954 
Warranty584 619 
Operating lease liabilities439 405 
Tax liability366 286 
Other2,906 2,963 
$10,624 $10,668 

Other Non-Current Liabilities
 As of
 July 31, 2023October 31, 2022
In millions
Deferred revenue$1,271 $1,171 
Tax liability957 911 
Operating lease liability829 875 
Pension, post-retirement, and post-employment liabilities595 600 
Deferred tax liability25 121 
Other774 856 
$4,451 $4,534 

Interest and other, net
 Three months ended July 31Nine months ended July 31
 202320222023 2022
 In millions
Interest expense on borrowings$(134)$(96)$(429)$(229)
Net gain on debt extinguishment115 — 107 — 
Non-operating retirement-related credits14 38 40 110 
Factoring costs(1)
(37)— (99)— 
Other, net26 (12)24 (22)
$(16)$(70)$(357)$(141)
(1) For the three and nine months ended July 31, 2022, Factoring costs were included in Selling, general and administrative and were not material.
Net revenue by region
Three months ended July 31Nine months ended July 31
 202320222023 2022
 In millions
Americas$5,880 $6,379 $17,052 $20,111 
Europe, Middle East and Africa4,285 4,712 13,330 16,670 
Asia-Pacific and Japan3,031 3,557 9,519 11,355 
Total net revenue$13,196 $14,648 $39,901 $48,136 

Value of Remaining Performance Obligations
As of July 31, 2023, the estimated value of transaction price allocated to remaining performance obligations was $3.7 billion. HP expects to recognize approximately $1.7 billion of the unearned amount in next 12 months and $2.0 billion thereafter.
HP has elected the practical expedients and accordingly does not disclose the aggregate amount of the transaction price allocated to remaining performance obligations if:
•the contract has an original expected duration of one year or less; or
•the revenue from the performance obligation is recognized over time on an as-invoiced basis when the amount corresponds directly with the value to the customer; or
•the portion of the transaction price that is variable in nature is allocated entirely to a wholly unsatisfied performance obligation.
The remaining performance obligations are subject to change and may be affected by various factors, such as termination of contracts, contract modifications and adjustment for currency.
Contract Liabilities
As of July 31, 2023 and October 31, 2022, HP’s contract liabilities balances were $2.6 billion and $2.5 billion, respectively, included in Other current liabilities and Other non-current liabilities in the Consolidated Condensed Balance Sheets.
The increase in the contract liabilities balance for the nine months ended July 31, 2023, was primarily driven by sales of fixed-price support and maintenance services, partially offset by $1.0 billion of revenue recognized that was included in the contract liabilities balance as of October 31, 2022.