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Borrowings
 9 Months Ended
Jul. 31, 2023
Debt Disclosure [Abstract]  
Borrowings Borrowings
Notes Payable and Short-Term Borrowings
 As of July 31, 2023As of October 31, 2022
 Amount
Outstanding		Weighted-Average
Interest Rate		Amount
Outstanding		Weighted-Average
Interest Rate
 In millions
Commercial Paper$200 5.5 %$— — %
Current portion of long-term debt178 6.1 %165 5.4 %
Notes payable to banks, lines of credit and other65 1.4 %53 0.6 %
$443  $218  
Long-Term Debt
 As of
 July 31, 2023October 31, 2022
 In millions
U.S. Dollar Global Notes(1)
  
$1,200 issued at discount to par at a price of 99.863% at 6.00%, due September 2041
$1,199 $1,199 
$1,150 issued at discount to par at a price of 99.769% at 2.2%, due June 2025
1,149 1,149 
$1,000 issued at discount to par at a price of 99.718% at 3.0%, due June 2027
998 997 
$850 issued at discount to par at a price of 99.790% at 3.4%, due June 2030(4)
503 848 
$1,000 issued at discount to par at a price of 99.808% at 1.45%, due June 2026(4)
521 999 
$1,000 issued at discount to par at a price of 99.573% at 2.65%, due June 2031(2)
997 996 
$1,000 issued at discount to par at a price of 99.767% at 4.00%, due April 2029
999 999 
$1,000 issued at discount to par at a price of 99.966% at 4.20%, due April 2032(4)
676 1,000 
$900 issued at discount to par at a price of 99.841% at 4.75%, due January 2028
899 899 
$1,100 issued at discount to par at a price of 99.725% at 5.50%, due January 2033
1,097 1,097 
$500 issued at par at a price of 100% at 4.75%, due March 2029(3)
3 500 
9,041 10,683 
Other borrowings at 1.58%-8.30%, due in calendar years 2023-2030
496 436 
Fair value adjustment related to hedged debt(63)(78)
Unamortized debt issuance cost(60)(80)
Current portion of long-term debt(178)(165)
Total long-term debt$9,236 $10,796 
(1)HP may redeem some or all of the fixed-rate U.S. Dollar Global Notes at any time in accordance with the terms thereof. The U.S. Dollar Global Notes are senior unsecured debt.
(2)HP allocated an amount equal to the net proceeds to finance or refinance, in whole or in part, environmentally and socially responsible eligible projects in the following eight areas: renewable energy; green buildings; energy efficiency; clean transportation; pollution prevention and control; eco-efficient and/or circular economy products, production technologies and processes; environmentally sustainable management of living natural resources and land use; and socioeconomic advancement and empowerment.
(3)During the nine months ended July 31, 2023, HP repurchased or redeemed and settled $497 million of the March 2029 Notes related to the August 2022 Poly acquisition
(4)During the nine months ended July 31, 2023, HP repurchased and settled $1.15 billion in aggregate principal amount of various Global Notes.

As disclosed in Note 8, “Financial Instruments”, HP uses interest rate swaps to mitigate some of the exposure of its debt portfolio to changes in fair value resulting from changes in benchmark interest rates. Interest rates shown in the table of long-term debt have not been adjusted to reflect the impact of any interest rate swaps.
Extinguishment of Debt
In July 2023, HP commenced and completed a tender offer to purchase approximately $1.15 billion in aggregate principal amount of its outstanding US Dollar 1.45% Global Notes due June 17, 2026, 3.40% Global Notes due June 17, 2030 and 4.20%
Global Notes due April 15, 2032. This extinguishment of debt resulted in a net gain of $115 million, which was recorded within Interest and other, net on the Consolidated Condensed Statements of Earnings.
Commercial Paper
As of July 31, 2023, HP maintained a U.S. commercial paper program for the issuance of U.S. dollar-denominated commercial paper up to a maximum aggregate principal amount of $6.0 billion. The principal amount outstanding under this program and certain short-term borrowings at any time cannot exceed a $6.0 billion authorization by HP’s Board of Directors.
Credit Facilities
As of July 31, 2023, HP maintained a $5.0 billion sustainability-linked senior unsecured committed revolving credit facility, which HP entered into in May 2021, and a $1.0 billion senior unsecured committed 364-day revolving credit facility, which HP entered into in March 2023. Commitments under the $5.0 billion revolving credit facility will be available until May 26, 2026 and commitments under the $1.0 billion 364-day revolving credit facility will be available until March 19, 2024. Commitment fees, interest rates and other terms of borrowing under the revolving credit facilities vary based on HP’s external credit ratings and, for the $5.0 billion facility, certain sustainability metrics. Funds borrowed under the revolving credit facilities may be used for general corporate purposes.
As of July 31, 2023, HP was in compliance with the covenants in the credit agreements governing the revolving credit facilities.
Available Borrowing Resources
As of July 31, 2023, HP had available borrowing resources of $1.2 billion from uncommitted lines of credit in addition to the revolving credit facilities.