Financial Instruments (Tables)

9 Months Ended

Jul. 31, 2023

Investments, All Other Investments [Abstract]

Schedule of Cash Equivalents and Available-for-Sale Investments

Cash Equivalents and Available-for-Sale Investments

	As of July 31, 2023								As of October 31, 2022
	Cost		Gross Unrealized Gain		Gross Unrealized Loss		Fair Value		Cost		Gross Unrealized Gain		Gross Unrealized Loss		Fair Value
	In millions
Cash Equivalents:
Corporate debt	$	460	$	—	$	—	$	460	$	904	$	—	$	—	$	904
Government debt	362		—		—		362		1,289		—		—		1,289
Total cash equivalents	822		—		—		822		2,193		—		—		2,193
Available-for-Sale Investments:
Financial institution instruments	3		—		—		3		5		—		—		5
Marketable securities and mutual funds	41		35		—		76		50		8		—		58
Total available-for-sale investments	44		35		—		79		55		8		—		63
Total cash equivalents and available-for-sale investments	$	866	$	35	$	—	$	901	$	2,248	$	8	$	—	$	2,256

Schedule of Contractual Maturities

Contractual maturities of investments in available-for-sale debt securities were as follows:

	As of July 31, 2023
	Amortized Cost		Fair Value
	In millions
Due in one year	$	3	$	3

Schedule of Gross Notional and Fair Value of Derivative Financial Instruments in the Consolidated Condensed Balance Sheets

The gross notional and fair value of derivative instruments in the Consolidated Condensed Balance Sheets were as follows:

	As of July 31, 2023										As of October 31, 2022
	Outstanding Gross Notional		Other Current Assets		Other Non-Current Assets		Other Current Liabilities		Other Non-Current Liabilities		Outstanding Gross Notional		Other Current Assets		Other Non-Current Assets		Other Current Liabilities		Other Non-Current Liabilities
	In millions
Derivatives designated as hedging instruments
Fair value hedges:
Interest rate contracts	$	750	$	—	$	—	$	—	$	63	$	750	$	—	$	—	$	—	$	78
Cash flow hedges:
Foreign currency contracts	15,492		208		31		251		75		16,014		820		256		206		72
Total derivatives designated as hedging instruments	16,242		208		31		251		138		16,764		820		256		206		150
Derivatives not designated as hedging instruments
Foreign currency contracts	4,309		9		—		15		—		4,554		12		—		17		—
Other derivatives	137		6		—		—		—		122		2		—		1		—
Total derivatives not designated as hedging instruments	4,446		15		—		15		—		4,676		14		—		18		—
Total derivatives	$	20,688	$	223	$	31	$	266	$	138	$	21,440	$	834	$	256	$	224	$	150

Schedule of Offsetting Assets

As of July 31, 2023 and October 31, 2022, information related to the potential effect of HP’s master netting agreements and collateral security agreements was as follows:

	In the Consolidated Condensed Balance Sheets
	(i)		(ii)		(iii) = (i)–(ii)		(iv)		(v)			(vi) = (iii)–(iv)–(v)
							Gross Amounts Not Offset
	Gross Amount Recognized		Gross Amount Offset		Net Amount Presented		Derivatives		Financial Collateral			Net Amount
	In millions
As of July 31, 2023
Derivative assets	$	254	$	—	$	254	$	222	$	31	(1)	$	1
Derivative liabilities	$	404	$	—	$	404	$	222	$	149	(2)	$	33
As of October 31, 2022
Derivative assets	$	1,090	$	—	$	1,090	$	290	$	616	(1)	$	184
Derivative liabilities	$	374	$	—	$	374	$	290	$	86	(2)	$	(2)

(1)Represents the cash collateral posted by counterparties as of the respective reporting date for HP’s asset position, net of derivative amounts that could be offset, as of, generally, two business days prior to the respective reporting date.

(2)Represents the collateral posted by HP including any re-use of counterparty cash collateral as of the respective reporting date for HP’s liability position, net of derivative amounts that could be offset, as of, generally, two business days prior to the respective reporting date.

Schedule of Offsetting Liabilities

As of July 31, 2023 and October 31, 2022, information related to the potential effect of HP’s master netting agreements and collateral security agreements was as follows:

	In the Consolidated Condensed Balance Sheets
	(i)		(ii)		(iii) = (i)–(ii)		(iv)		(v)			(vi) = (iii)–(iv)–(v)
							Gross Amounts Not Offset
	Gross Amount Recognized		Gross Amount Offset		Net Amount Presented		Derivatives		Financial Collateral			Net Amount
	In millions
As of July 31, 2023
Derivative assets	$	254	$	—	$	254	$	222	$	31	(1)	$	1
Derivative liabilities	$	404	$	—	$	404	$	222	$	149	(2)	$	33
As of October 31, 2022
Derivative assets	$	1,090	$	—	$	1,090	$	290	$	616	(1)	$	184
Derivative liabilities	$	374	$	—	$	374	$	290	$	86	(2)	$	(2)

(1)Represents the cash collateral posted by counterparties as of the respective reporting date for HP’s asset position, net of derivative amounts that could be offset, as of, generally, two business days prior to the respective reporting date.

(2)Represents the collateral posted by HP including any re-use of counterparty cash collateral as of the respective reporting date for HP’s liability position, net of derivative amounts that could be offset, as of, generally, two business days prior to the respective reporting date.

Schedule of Pre-Tax Effect of Derivative Instruments and Related Hedged Items in a Fair Value Hedging Relationship

The pre-tax effect of derivative instruments and related hedged items in a fair value hedging relationship were as follows:

Derivative Instrument	Hedged Item	Location	Year	Total amounts of income/(expense) line items in the statement of financial performance in which the effects of fair value hedges are recorded		Gain/(loss) recognized in earnings on derivative instruments		Gain/(loss) recognized in earnings on hedged item
				In millions
Three months ended July 31
Interest rate contract	Fixed-rate debt	Interest and other, net	2023	$	(16)	$	(6)	$	6
			2022	$	(70)	$	8	$	(8)
Nine months ended July 31
Interest rate contract	Fixed-rate debt	Interest and other, net	2023	$	(357)	$	15	$	(15)
			2022	$	(141)	$	(34)	$	34

Schedule of Pre-Tax Effect of Derivative Instruments in Cash Flow Hedging Relationships

The pre-tax effect of derivative instruments in cash flow hedging relationships included in Accumulated other comprehensive (loss) income was as follows:

	Three months ended July 31				Nine months ended July 31
	2023		2022		2023		2022
	In millions
(Loss)/gain recognized in Accumulated other comprehensive (loss) income on derivatives:
Foreign currency contracts	$	(68)	$	264	$	(757)	$	1,097
Interest rate contracts	$	—	$	16	$	—	$	85

The pre-tax effect of derivative instruments in cash flow hedging relationships included in earnings were as follows:

	Total amounts of income/(expense) line items in the statement of financial performance in which the effects of cash flow hedges are recorded								Gain/(loss) reclassified from Accumulated  other comprehensive (loss) income into earnings
	Three months ended July 31				Nine months ended July 31				Three months ended July 31				Nine months ended July 31
	2023		2022		2023		2022		2023		2022		2023		2022
	In millions
Net revenue	$	13,196	$	14,648	$	39,901	$	48,136	$	(37)	$	349	$	240	$	548
Cost of revenue	(10,374)		(11,764)		(31,378)		(38,564)		(33)		(23)		(142)		(58)
Other operating expenses	(1,870)		(1,628)		(6,081)		(5,754)		(1)		(1)		(3)		—
Interest and other, net	(16)		(70)		(357)		(141)		3		2		9		1
Total									$	(68)	$	327	$	104	$	491

Schedule of Pre-Tax Effect of Derivative Instruments not Designated as Hedging Instruments on the Consolidated Condensed Statements of Earnings

The pre-tax effect of derivative instruments not designated as hedging instruments recognized in Interest and other, net in the Consolidated Condensed Statements of Earnings for the three and nine months ended July 31, 2023 and 2022 was as follows:

	Gain/(loss) recognized in earnings on derivative instrument
		Three months ended July 31				Nine months ended July 31
	Location	2023		2022		2023		2022
		In millions
Foreign currency contracts	Interest and other, net	$	(37)	$	8	$	(76)	$	3
Other derivatives	Interest and other, net	5		14		5		2
Total		$	(32)	$	22	$	(71)	$	5