Stockholders' Deficit

9 Months Ended

Jul. 31, 2023

Stockholders' Equity Note [Abstract]

Stockholders' Deficit

Stockholders’ Deficit

Share Repurchase Program

HP’s share repurchase program authorizes both open market and private repurchase transactions. There were no share repurchases during the three months ended July 31, 2023. During the nine months ended July 31, 2023, HP executed share repurchases of 3.6 million shares and settled total shares for $0.1 billion. During the three and nine months ended July 31, 2022, HP executed share repurchases of 29 million shares and 98 million shares and settled total shares for $1.0 billion and $3.5 billion respectively.

The shares repurchased during the nine months ended July 31, 2023 and 2022 were all open market repurchase transactions. As of July 31, 2023, HP had approximately $2.0 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 July 31				Nine months ended July 31
	2023		2022		2023		2022
	In millions
Tax effect on change in unrealized components of available-for-sale debt securities:
Tax benefit (provision) on unrealized (losses) gains arising during the period	$	—	$	1	$	(1)	$	2
Tax effect on change in unrealized components of cash flow hedges:
Tax benefit (provision) on unrealized (losses) gains arising during the period	18		(159)		144		(305)
Tax (benefit) provision on losses (gains) reclassified into earnings	(15)		99		22		135
	3		(60)		166		(170)
Tax effect on change in unrealized components of defined benefit plans:
Tax benefit (provision) on gains (losses) arising during the period	—		—		(1)		—
Tax benefit on amortization of actuarial loss and prior service benefit	—		(3)		—		(5)
Tax provision on curtailments, settlements and other	—		—		—		(1)
	—		(3)		(1)		(6)
Tax effect on change in cumulative translation adjustment	—		—		—		2
Tax benefit (provision) on other comprehensive income (loss)	$	3	$	(62)	$	164	$	(172)

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

	Three months ended July 31				Nine months ended July 31
	2023		2022		2023		2022
	In millions
Other comprehensive income (loss), net of taxes:
Change in unrealized components of available-for-sale debt securities:
Unrealized gains (losses) arising during the period	$	1	$	—	$	4	$	(5)
Change in unrealized components of cash flow hedges:
Unrealized (losses) gains arising during the period	(50)		121		(613)		877
Losses (gains) reclassified into earnings	53		(228)		(82)		(356)
	3		(107)		(695)		521
Change in unrealized components of defined benefit plans:
Gains (losses) arising during the period	—		10		4		12
Amortization of actuarial loss and prior service benefit(1)	—		2		—		11
Curtailments, settlements and other	—		(1)		—		(2)
	—		11		4		21
Change in cumulative translation adjustment	10		(14)		48		(54)
Other comprehensive income (loss), net of taxes	$	14	$	(110)	$	(639)	$	483

(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 income (loss), net of taxes and changes were as follows:

	Nine months ended July 31, 2023
	Net unrealized gains (losses) on available-for-sale debt securities		Net unrealized gains (losses) on cash flow hedges		Unrealized components of defined benefit plans		Change in cumulative translation adjustment		Accumulated other comprehensive income (loss)
	In millions
Balance at beginning of period	$	6	$	648	$	(323)	$	(46)	$	285
Other comprehensive gain (loss) before reclassifications	4		(613)		4		48		(557)
Reclassifications of gain into earnings	—		(82)		—		—		(82)
Balance at end of period	$	10	$	(47)	$	(319)	$	2	$	(354)