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Stockholders' Equity
12 Months Ended
Oct. 31, 2021
Stockholders' Equity Note [Abstract]  
Stockholders' Equity Stockholders' Equity
The components of accumulated other comprehensive loss, net of taxes as of October 31, 2021 and changes during fiscal 2021 were as follows:
Net unrealized
gains (losses) on
available-for-sale
securities
Net unrealized
gains (losses)
on cash
flow hedges
Unrealized
components
of defined
benefit plans
Cumulative
translation
adjustment
Accumulated
other
comprehensive
loss
In millions
Balance at beginning of period$18 $(7)$(3,473)$(477)$(3,939)
Other comprehensive income (loss) before reclassifications(3)(50)763 16 726 
Reclassifications of (gains) losses into earnings— 156 285 — 441 
Tax (provision) benefit— (18)(120)(5)(143)
Balance at end of period$15 $81 $(2,545)$(466)$(2,915)
The components of accumulated other comprehensive loss, net of taxes as of October 31, 2020 and changes during fiscal 2020 were as follows:
Net unrealized
gains (losses) on
available-for-sale
securities
Net unrealized
gains (losses)
on cash
flow hedges
Unrealized
components
of defined
benefit plans
Cumulative
translation
adjustment
Accumulated
other
comprehensive
loss
In millions
Balance at beginning of period$23 $53 $(3,366)$(437)$(3,727)
Effect of change in accounting principle (1)
— (10)— (33)(43)
Other comprehensive income (loss) before reclassifications(1)(40)(358)(12)(411)
Reclassifications of (gains) losses into earnings(4)(21)259 — 234 
Tax (provision) benefit— 11 (8)
Balance at end of period$18 $(7)$(3,473)$(477)$(3,939)
(1)Reflects the adoption of the FASB guidance on stranded tax effects.
The components of accumulated other comprehensive loss, net of taxes as of October 31, 2019 and changes during fiscal 2019 were as follows:
Net unrealized
gains (losses) on
available-for-sale
securities
Net unrealized
gains (losses)
on cash
flow hedges
Unrealized
components
of defined
benefit plans
Cumulative
translation
adjustment
Accumulated
other
comprehensive
loss
In millions
Balance at beginning of period$17 $106 $(2,922)$(419)$(3,218)
Other comprehensive income (loss) before reclassifications308 (701)(18)(402)
Reclassifications of (gains) losses into earnings(3)(371)231 — (143)
Tax (provision) benefit— 10 26 — 36 
Balance at end of period$23 $53 $(3,366)$(437)$(3,727)
Dividends
The stockholders of HPE common stock are entitled to receive dividends when and as declared by HPE's Board of Directors. Dividends declared were $0.48 per common share in fiscal 2021 and $0.36 per common share in fiscal 2020.
On November 30, 2021, the Company declared a regular cash dividend of $0.12 per share on the Company's common stock, payable on January 7, 2022, to the stockholders of record as of the close of business on December 10, 2021.
Share Repurchase Program
On October 13, 2015, the Company's Board of Directors approved a share repurchase program with a $3.0 billion authorization, which was refreshed with additional share repurchase authorizations of $3.0 billion, $5.0 billion and $2.5 billion on May 24, 2016, October 16, 2017 and February 21, 2018, respectively. This program, which does not have a specific expiration date, authorizes repurchases in the open market or in private transactions.
On April 6, 2020, the Company temporarily suspended its share repurchases in response to the global economic uncertainty that resulted from the pandemic. In the fourth quarter of fiscal 2021, the Company resumed its share repurchase activity.
In fiscal 2021, the Company repurchased and settled a total of 14.7 million shares under its share repurchase program through open market repurchases and there were no unsettled open market repurchases outstanding as of October 31, 2020. Additionally, the Company had unsettled open market repurchases of 0.8 million shares as of October 31, 2021. Shares repurchased during the fiscal 2021 were recorded as a $0.2 billion reduction to stockholders' equity. As of October 31, 2021, the Company had a remaining authorization of $1.9 billion for future share repurchases.
In fiscal 2020, the Company repurchased and settled a total of 25.3 million shares under its share repurchase program through open market repurchases, which included 0.5 million shares that were unsettled open market purchase as of October 31, 2019. As of October 31, 2020, the Company had no unsettled open market repurchases of shares. Shares repurchased during fiscal 2020 were recorded as a $0.3 billion reduction to stockholders' equity. As of October 31, 2020, the Company had a remaining authorization of $2.1 billion for future share repurchases.