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Supplementary Financial Information
 12 Months Ended
Oct. 31, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Supplementary Financial Information Supplementary Financial Information
Cash, cash equivalents and restricted cash

 As of October 31
 20232022
 In millions
Cash and cash equivalents$3,107 $3,145 
Restricted cash(1)
125 — 
$3,232 $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:
 For the fiscal years ended October 31
 202320222021
 In millions
Balance at beginning of period$107 $111 $122 
Current-period allowance for credit losses(2)7 5 
Deductions, net of recoveries(12)(11)(16)
Balance at end of period$93 $107 $111 
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 derecognized from the Consolidated 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 the similar transactions and reported as a current liability in the Consolidated Balance Sheets. The recourse obligations as of October 31, 2023 and 2022 were not material.
The following is a summary of the activity under these arrangements:
 For the fiscal years ended October 31
 202320222021
 In millions
Balance at beginning of year (1)
$185 $131 $188 
Trade receivables sold13,391 12,028 11,976 
Cash receipts(13,449)(11,942)(12,035)
Foreign currency and other14 (32)2 
Balance at end of year (1)
$141 $185 $131 
(1) Amounts outstanding from third parties reported in Accounts Receivable in the Consolidated Balance Sheets.
Inventory
 As of October 31
 20232022
 In millions
Finished goods$3,930 $4,885 
Purchased parts and fabricated assemblies2,932 2,729 
$6,862 $7,614 

Other Current Assets
As of October 31
 20232022
 In millions
Prepaid and other current assets$1,445 $2,086 
Supplier and other receivables1,349 1,377 
Value-added taxes receivable852 968 
$3,646 $4,431 

Property, Plant and Equipment, Net
 As of October 31
 20232022
 In millions
Land, buildings and leasehold improvements$2,332 $2,255 
Machinery and equipment, including equipment held for lease5,384 5,337 
7,716 7,592 
Accumulated depreciation(4,889)(4,818)
$2,827 $2,774 
Depreciation expense was $491 million, $542 million and $627 million in fiscal years 2023, 2022 and 2021, respectively.
Other Non-Current Assets
 As of October 31
 20232022
 In millions
Deferred tax assets(1)
$3,155 $2,167 
Intangible assets(2)
1,593 1,933 
Right-of-use assets(3)
1,188 1,236 
Deposits and prepaid427 474 
Prepaid pension and post-retirement benefit assets(4)
393 642 
Other853 991 
 $7,609 $7,443 
(1)See Note 6, “Taxes on Earnings” for detailed information.
(2)See Note 8, “Goodwill and Intangible Assets” for detailed information.
(3)See Note 17, “Leases” for detailed information.
(4)See Note 4, “Retirement and Post-Retirement Benefit Plans” for detailed information.
Other Current Liabilities
 As of October 31
 20232022
 In millions
Sales and marketing programs$3,053 $2,984 
Deferred revenue1,424 1,393 
Employee compensation and benefit1,046 954 
Other accrued taxes994 1,064 
Warranty569 619 
Operating lease liabilities(1)
430 405 
Tax liability217 286 
Other2,479 2,963 
 $10,212 $10,668 
(1)See Note 17, “Leases” for detailed information.

Other Non-Current Liabilities
 As of October 31
 20232022
 In millions
Deferred revenue$1,324 $1,171 
Tax liability904 911 
Operating lease liabilities(1)
825 875 
Pension, post-retirement, and post-employment liabilities(2)
545 600 
Deferred tax liability44 121 
Other689 856 
 $4,331 $4,534 
(1)See Note 17, “Leases” for detailed information.
(2)See Note 4, “Retirement and Post-Retirement Benefit Plans” for detailed information.

Interest and Other, Net
 For the fiscal years ended October 31
 202320222021
 In millions
Interest expense on borrowings$(548)$(359)$(254)
Factoring costs(1)
(136)— — 
Net gain (loss) on debt extinguishment107 — (16)
Non-operating retirement-related credits51 144 160 
Oracle litigation proceeds
— — 2,304 
Defined benefit plan settlement gains (charges)— — 37 
Tax indemnifications— (1)— 
Other, net7 (19)(22)
 $(519)$(235)$2,209 
(1)Factoring costs for fiscal year 2022 and 2021 were included in Selling, general and administrative and were not material.
Net Revenue by Region
 For the fiscal years ended October 31
 202320222021
 In millions
Americas$23,095 $26,544 $27,491 
Europe, Middle East and Africa17,819 21,300 22,216 
Asia-Pacific and Japan12,804 15,066 13,753 
Total net revenue$53,718 $62,910 $63,460 

Value of Remaining Performance Obligations
As of October 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.
Costs of Obtaining Contracts and Fulfillment Cost
As of October 31, 2023, deferred contract fulfillment and acquisition costs balances were $35 million and $44 million, respectively, included in Other Current Assets and Other Non-Current Assets in the Consolidated Balance Sheets. During the fiscal year ended October 31, 2023, the Company amortized $88 million of these costs.
As of October 31, 2022, deferred contract fulfillment and acquisition costs balances were $34 million and $34 million, respectively, included in Other Current Assets and Other Non-Current Assets in the Consolidated Balance Sheets. During the fiscal year ended October 31, 2022, the Company amortized $129 million of these costs.
Contract Liabilities
As of October 31, 2023 and 2022, HP’s contract liabilities balances were $2.7 billion and $2.5 billion, respectively, included in Other Current Liabilities and Other Non-Current Liabilities in the Consolidated Balance Sheets.
The increase in the contract liabilities balance for the fiscal year 2023 was primarily driven by sales of fixed-price support and maintenance services partially offset by $1.3 billion of revenue recognized that were included in the contract liabilities balance as of October 31, 2022.
As of October 31, 2022 and 2021, HP’s contract liabilities balances were $2.5 billion and $2.3 billion, respectively, included in Other Current Liabilities and Other Non-Current Liabilities in the Consolidated Balance Sheets.
The increase in the contract liabilities balance for the fiscal year 2022 was primarily driven by sales of fixed-price support and maintenance services and Poly acquisition, partially offset by $1.1 billion of revenue recognized that were included in the contract liabilities balance as of October 31, 2021.