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Retirement and Post-Retirement Benefit Plans (Tables)

12 Months Ended

Oct. 31, 2021

Retirement Benefits [Abstract]

Summary of Net Benefit Cost

The Company's net pension and post-retirement benefit costs that were directly attributable to the eligible employees, retirees and other former employees of Hewlett Packard Enterprise and recognized in the Consolidated Statements of Earnings for fiscal 2021, 2020 and 2019 are presented in the table below.

			As of October 31,
			2021						2020						2019						2021						2020						2019
			Defined Benefit Plans																		Post-Retirement Benefit Plans
			In millions
Service cost			$	97					$	94					$	85					$	1					$	1					$	1
Interest cost(1)			118						143						215						4						5						7
Expected return on plan assets(1)			(479)						(544)						(511)						(1)						(1)						(1)
Amortization and deferrals(1):
Actuarial loss (gain)			296						264						235						(2)						(1)						(4)
Prior service benefit			(13)						(14)						(15)						—						—						—
Net periodic benefit cost			19						(57)						9						2						4						3
Settlement loss(1)			4						10						13						—						—						—
Special termination benefits(1)			3						2						2						—						—						—
Total net benefit cost (credit)			$	26					$	(45)					$	24					$	2					$	4					$	3

(1)These non-service components of net periodic benefit cost are included in Non-service net periodic benefit credit in the Consolidated Statements of Earnings.

Schedule of weighted average assumptions used to calculate net benefit (credit) cost

The following table provides the impact changes in the weighted-average assumptions of discount rates, the expected increase in compensation levels and the expected long-term return on plan assets would have had on the net periodic benefit cost for fiscal 2021:

			Change in basis  points						Change in Net Periodic Benefit Cost
									In millions
Assumptions:
Discount rate			(25)						$	23
Expected increase in compensation levels			25						$	5
Expected long-term return on plan assets			(25)						$	35

The weighted-average assumptions used to calculate the net benefit cost (credit) in the table above for fiscal 2021, 2020 and 2019 were as follows:

			As of October 31,
			2021						2020						2019						2021						2020						2019
			Defined Benefit Plans																		Post-Retirement Benefit Plans
Discount rate used to determine benefit obligation			1.0		%				1.2		%				2.1		%				2.8		%				3.4		%				4.9		%
Discount rate used to determine service cost			1.3		%				1.6		%				2.3		%				2.6		%				3.0		%				4.4		%
Discount rate used to determine interest cost			0.8		%				1.0		%				1.8		%				2.3		%				3.2		%				4.7		%
Expected increase in compensation levels			2.5		%				2.5		%				2.5		%				—						—						—
Expected long-term return on plan assets			3.3		%				4.1		%				4.3		%				2.3		%				2.3		%				2.6		%
Interest crediting rate(1)			2.5		%				2.5		%				2.5		%				2.7		%				3.7		%				3.7		%

(1)The average assumed interest credited for HPE's cash balance plans and postretirement plans, as applicable.

Schedule of funded status of the direct plans

The funded status of the plans was as follows:

			As of October 31,
			2021						2020						2021						2020
			Defined Benefit Plans												Post-Retirement Benefit Plans
			In millions
Change in fair value of plan assets:
Fair value—beginning of year			$	14,127					$	13,434					$	57					$	54
Addition/deletion of plans(1)			60						5						—						—
Actual return on plan assets			1,256						557						2						—
Employer contributions			167						167						5						5
Participant contributions			23						24						5						5
Benefits paid			(486)						(410)						(9)						(7)
Settlement			(32)						(51)						—						—
Currency impact			239						401						—						—
Fair value—end of year			$	15,354					$	14,127					$	60					$	57
Change in benefit obligation:
Projected benefit obligation—beginning of year			$	14,845					$	14,225					$	167					$	179
Addition/deletion of plans(1)			68						5						—						—
Service cost			97						94						1						1
Interest cost			118						143						4						5
Participant contributions			23						24						5						5
Actuarial loss (gain)			13						368						(10)						(9)
Benefits paid			(486)						(410)						(9)						(7)
Plan amendments			—						(3)						—						—
Curtailment			(5)						—						—						—
Settlement			(32)						(51)						—						—
Special termination benefits			3						2						—						—
Currency impact			228						448						3						(7)
Projected benefit obligation—end of year			$	14,872					$	14,845					$	161					$	167
Funded status at end of year			$	482					$	(718)					$	(101)					$	(110)
Accumulated benefit obligation			$	14,668					$	14,619					$	—					$	—

(1)Includes the addition/deletion of plans resulting from acquisitions.

Schedule of weighted-average assumptions used to calculate the projected benefit obligations

The weighted-average assumptions used to calculate the projected benefit obligations were as follows:

			As of October 31,
			2021						2020						2021						2020
			Defined Benefit Plans												Post-Retirement Benefit Plans
Discount rate			1.3		%				1.0		%				3.0		%				2.8		%
Expected increase in compensation levels			2.6		%				2.5		%				—						—
Interest crediting rate			2.5		%				2.5		%				2.7		%				2.7		%

Schedule of net amount recognized for the direct plans in the entity's Combined Balance Sheets

The net amounts recognized for defined benefit and post-retirement benefit plans in the Company's Consolidated Balance Sheets were as follows:

			As of October 31,
			2021						2020						2021						2020
			Defined Benefit Plans												Post-Retirement Benefit Plans
			In millions
Non-current assets			$	1,898					$	1,046					$	—					$	—
Current liabilities			(48)						(49)						(7)						(6)
Non-current liabilities			(1,368)						(1,715)						(94)						(104)
Funded status at end of year			$	482					$	(718)					$	(101)					$	(110)

Summary of pre-tax net actuarial loss and prior service benefit recognized in accumulated other comprehensive loss for direct defined benefit plans

The following table summarizes the pre-tax net actuarial loss and prior service benefit recognized in accumulated other comprehensive loss for the defined benefit plans:

			As of October 31, 2021
			Defined Benefit Plans						Post-Retirement Benefit Plans
			In millions
Net actuarial loss (gain)			$	2,575					$	(2)
Prior service benefit			(14)						—
Total recognized in accumulated other comprehensive loss			$	2,561					$	(2)

Schedule of direct defined benefit plans with projected benefit obligations exceeding the fair value of plan assets

Defined benefit plans with projected benefit obligations exceeding the fair value of plan assets were as follows:

			As of October 31,
			2021						2020
			In millions
Aggregate fair value of plan assets			$	1,191					$	4,160
Aggregate projected benefit obligation			$	2,606					$	5,924

Schedule of direct defined benefit plans with accumulated benefit obligations exceeding the fair value of plan assets

Defined benefit plans with accumulated benefit obligations exceeding the fair value of plan assets were as follows:

			As of October 31,
			2021						2020
			In millions
Aggregate fair value of plan assets			$	1,164					$	4,094
Aggregate accumulated benefit obligation			$	2,487					$	5,723

Schedule of fair value of direct plan non-U.S. defined benefit plan assets by asset category within the fair value hierarchy

The table below sets forth the fair value of non-U.S. defined benefit plan assets by asset category within the fair value hierarchy as of October 31, 2021 and 2020.

			As of October 31, 2021																								As of October 31, 2020
			Level 1						Level 2						Level 3						Total						Level 1						Level 2						Level 3						Total
			In millions
Asset Category:
Equity securities
U.S.			$	884					$	128					$	—					$	1,012					$	155					$	117					$	—					$	272
Non-U.S.			345						196						—						541						955						217						—						1,172
Debt securities
Corporate			—						1,859						—						1,859						—						1,778						—						1,778
Government(1)			—						6,998						—						6,998						—						6,007						—						6,007
Government at NAV(2)																					822																								875
Other(3)			—						673						748						1,421						—						683						555						1,238
Alternative investments
Private Equity			—						2						46						48						—						4						35						39
Hybrids(4)			19						1,613						116						1,748						18						1,486						90						1,594
Hybrids at NAV(5)																					561																								504
Common Contractual Funds at NAV(6)
Equities at NAV																					1,513																								1,393
Fixed Income at NAV																					734																								782
Emerging Markets at NAV																					464																								362
Alternative investments at NAV																					214																								350
Real Estate Funds			29						246						48						323						27						229						39						295
Insurance Group Annuity Contracts			—						98						33						131						—						56						36						92
Cash and Cash Equivalents			254						239						—						493						241						176						—						417
Other(7)			44						47						1						92						24						95						1						120
Obligation to return cash received from repurchase agreements(1)			—						(3,620)						—						(3,620)						—						(3,163)						—						(3,163)
Total			$	1,575					$	8,479					$	992					$	15,354					$	1,420					$	7,685					$	756					$	14,127

(1)Repurchase agreements, primarily in the UK, represent the plans' short-term borrowing to hedge against interest rate and inflation risks. Investments in approximately $5 billion of government bonds collateralize this short-term borrowing at October 31, 2021 and 2020. The plans have an obligation to return the cash after the term of the agreements. Due to the short-term nature of the agreements, the outstanding balance of the obligation approximates fair value.

(2)Includes a fund that invests in various government bonds issued by worldwide governments, interest rate swaps, and cash, to match or slightly outperform the benchmark of the future liabilities of the fund. While the fund is not publicly traded, the custodian strikes a net asset value daily. There are no redemption restrictions or future commitments on these investments.

(3)Includes funds that invest primarily in asset-backed securities, mortgage backed securities, collateralized loan obligations, and/or private debt investments. Primary valuation techniques for level 3 investments include discounted cash flows and broker quotes and/or 3rd party pricing services. Significant unobservable inputs include yields which are determined by considering the market yield of comparable public debt instruments adjusted for estimated losses to reflect where the expected recovery rate would be less than 100%. The yields ranged from 4% to 17%, with the weighted average around 7%. Generally, an increase in yield may result in a decrease in the fair value of certain investments.

(4)Includes funds, primarily in the UK, that invest in both private and public equities, as well as emerging markets across all sectors. The funds also hold fixed income and derivative instruments to hedge interest rate and inflation risk. In addition, the funds include units in transferable securities, collective investment schemes, money market funds, asset-backed income, cash, and deposits. Primary valuation techniques for level 3 investments include discounted cash flows and book value or net asset value. Significant unobservable inputs include discount rates. The discount rates ranged from 3% to 25%, with the main weighted average around 7%. Generally, an increase in discount rates may result in a decrease in the fair value of certain investments.

(5)Includes a pooled fund in the UK, that seeks a rate of return with direct or indirect linkage to UK inflation by investing in vehicles including bonds, long lease property, income strips, asset-backed securities, and index linked assets. Units are available for subscription on the first day of each calendar month at net asset value. There are no redemption restrictions or future commitments on these investments.

(6)HPE Invest Common Contractual Funds (CCFs) are investment arrangements in which institutional investors pool their assets.  Units may be acquired in four different sub-funds focused on equities, fixed income, alternative investments, and emerging markets. Each sub-fund is invested in accordance with the fund's investment objective and units are issued in relation to each sub-fund. While the sub-funds are not publicly traded, the custodian strikes a net asset value either once or twice a month, depending on the sub-fund. There are no redemption restrictions or future commitments on these investments.

(7)Includes international insured contracts, derivative instruments, and unsettled transactions.

Schedule of changes in fair value measurements of Level 3 investments for Direct non-U.S. defined benefit plans

Changes in fair value measurements of Level 3 investments for the non-U.S. defined benefit plans were as follows:

			For the fiscal year ended October 31, 2021
									Alternative Investments
			Debt-Other						Private Equity						Hybrids						Real Estate Funds						Insurance Group Annuities						Other						Total
									In millions
Balance at beginning of year			$	555					$	35					$	90					$	39					$	36					$	1					$	756
Actual return on plan assets:
Relating to assets held at the reporting date			43						13						10						5						(3)						—						68
Relating to assets sold during the period			—						10						—						—						—						—						10
Purchases, sales, and settlements			150						(12)						16						4						—						—						158
Balance at end of year			$	748					$	46					$	116					$	48					$	33					$	1					$	992

			For the fiscal year ended October 31, 2020
									Alternative Investments
			Debt-Other						Private Equity						Hybrids						Real Estate Funds						Insurance Group Annuities						Other						Total
			In millions
Balance at beginning of year			$	401					$	42					$	71					$	39					$	37					$	1					$	591
Actual return on plan assets:
Relating to assets held at the reporting date			(25)						(3)						(3)						—						—						—						(31)
Relating to assets sold during the period			—						4						—						—						—						—						4
Purchases, sales, and settlements			179						(8)						22						—						(1)						—						192
Balance at end of year			$	555					$	35					$	90					$	39					$	36					$	1					$	756

Schedule of weighted-average target and actual asset allocations across the benefit plans

The weighted-average target and actual asset allocations across the benefit plans at the respective measurement dates for the non-U.S. defined benefit plans were as follows:

			Defined Benefit Plans
									Plan Assets
Asset Category			2021 Target Allocation						2021						2020
Public equity securities									23.0		%				22.6		%
Private/hybrid equity securities									16.7		%				17.6		%
Real estate and other									2.7		%				2.9		%
Equity-related investments			43.7		%				42.4		%				43.1		%
Debt securities			55.0		%				54.4		%				53.9		%
Cash and cash equivalents			1.3		%				3.2		%				3.0		%
Total			100.0		%				100.0		%				100.0		%

Schedule of estimated future benefits payable for the Company's direct retirement plans

As of October 31, 2021, estimated future benefits payments for the Company's retirement plans were as follows:

Fiscal year			Defined Benefit Plans						Post-Retirement Benefit Plans
			In millions
2022			$	523					$	11
2023			524						12
2024			530						11
2025			561						11
2026			565						11
Next five fiscal years to October 31, 2031			3,027						53

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