Fair Value (Tables)

9 Months Ended

Jul. 31, 2023

Schedule of Assets and Liabilities Measured 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 July 31, 2023								As of October 31, 2022
	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	$	—	$	460	$	—	$	460	$	—	$	904	$	—	$	904

Government debt(1)	362		—		—		362		1,289		—		—		1,289
Available-for-Sale Investments:

Financial institution instruments	—		3		—		3		—		5		—		5

Marketable securities and mutual funds	28		48		—		76		17		41		—		58
Derivative Instruments:

Foreign currency contracts	—		248		—		248		—		1,088		—		1,088
Other derivatives	—		6		—		6		—		2		—		2
Total assets	$	390	$	765	$	—	$	1,155	$	1,306	$	2,040	$	—	$	3,346
Liabilities:
Derivative Instruments:
Interest rate contracts	$	—	$	63	$	—	$	63	$	—	$	78	$	—	$	78
Foreign currency contracts	—		341		—		341		—		295		—		295
Other derivatives	—		—		—		—		—		1		—		1
Total liabilities	$	—	$	404	$	—	$	404	$	—	$	374	$	—	$	374

(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.