Financing Receivables and Operating Leases (Tables)

12 Months Ended

Oct. 31, 2013

Financing Receivables and Operating Leases

Components of financing receivables

	October 31, 2013			October 31, 2012
	In millions
Minimum lease payments receivable	$	7,505		$	8,133
Unguaranteed residual value		252			248
Unearned income		(604	)		(688	)
Financing receivables, gross		7,153			7,693
Allowance for doubtful accounts		(131	)		(149	)
Financing receivables, net		7,022			7,544
Less current portion		(3,144	)		(3,252	)
Amounts due after one year, net	$	3,878		$	4,292

Scheduled maturities of minimum lease payments receivable

As of October 31, 2013, scheduled maturities of HP's minimum lease payments receivable were as follows for the following fiscal years ended October 31:

	2014		2015		2016		2017		Thereafter		Total
	In millions
Scheduled maturities of minimum lease payments receivable	$	3,490	$	2,022	$	1,237	$	555	$	201	$	7,505

Credit risk profile of gross financing receivables

	October 31, 2013		October 31, 2012
	In millions
Risk Rating
Low	$	3,948	$	4,461
Moderate		3,084		3,151
High		121		81
Total	$	7,153	$	7,693

Schedule of allowance for doubtful accounts for financing receivables

	For the fiscal years ended October 31
	2013			2012			2011
	In millions
Balance at beginning of year	$	149		$	130		$	140
Provision for doubtful accounts		38			42			58
Deductions, net of recoveries		(56	)		(23	)		(68	)
Balance at end of year	$	131		$	149		$	130

Allowance and related gross financing receivables collectively and individually evaluated for loss

	October 31, 2013		October 31, 2012
	In millions
Allowance for financing receivables collectively evaluated for loss	$	95	$	104
Allowance for financing receivables individually evaluated for loss		36		45
Total	$	131	$	149
Gross financing receivables collectively evaluated for loss	$	6,773	$	7,355
Gross financing receivables individually evaluated for loss		380		338
Total	$	7,153	$	7,693

Summary of the aging and non-accrual status of gross financing receivables

	October 31, 2013		October 31, 2012
	In millions
Billed(1):
Current 1-30 days	$	217	$	216
Past due 31-60 days		50		53
Past due 61-90 days		15		13
Past due >90 days		46		51
Unbilled sales-type and direct-financing lease receivables		6,825		7,360
Total gross financing receivables	$	7,153	$	7,693
Gross financing receivables on non-accrual status(2)	$	199	$	225
Gross financing receivables 90 days past due and still accruing interest(2)	$	181	$	113

⁽¹⁾

Includes billed operating lease receivables and billed sales-type and direct-financing lease receivables.

⁽²⁾

Includes billed operating lease receivables and billed and unbilled sales-type and direct-financing lease receivables.

Schedule of operating lease assets included in machinery and equipment

	October 31, 2013			October 31, 2012
	In millions
Equipment leased to customers	$	3,822		$	3,865
Accumulated depreciation		(1,452	)		(1,499	)
Operating lease assets, net	$	2,370		$	2,366

Minimum future rentals on non-cancelable operating leases

 As of October 31, 2013, minimum future rentals on non-cancelable operating leases related to leased equipment were as follows for the following fiscal years ended October 31:

	2014		2015		2016		2017		Thereafter		Total
	In millions
Minimum future rentals on non-cancelable operating leases	$	1,212	$	759	$	346	$	93	$	28	$	2,438