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Retirement and Post-Retirement Benefit Plans (Tables) | 12 Months Ended
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Oct. 31, 2018
Retirement Benefits [Abstract] |
Components of Pension and Post-Retirement Benefit (Credit) Cost Recognized | The components of HP’s pension and post-retirement (credit) benefit cost recognized in the Consolidated Statements of Earnings were as follows:
| For the fiscal years ended October 31
| 2018 |  | 2017 |  | 2016 |  | 2018 |  | 2017 |  | 2016 |  | 2018 |  | 2017 |  | 2016
| U.S. Defined Benefit Plans |  | Non-U.S. Defined Benefit Plans |  | Post-Retirement Benefit Plans
| In millions
Service cost | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 55 |  |  | $ | 48 |  |  | $ | 47 |  |  | $ | 1 |  |  | $ | 1 |  |  | $ | 1 |
Interest cost | 452 |  |  | 469 |  |  | 543 |  |  | 24 |  |  | 18 |  |  | 20 |  |  | 15 |  |  | 18 |  |  | 20 |
Expected return on plan assets | (717 | ) |  | (677 | ) |  | (732 | ) |  | (39 | ) |  | (31 | ) |  | (36 | ) |  | (23 | ) |  | (26 | ) |  | (33 | )
Amortization and deferrals: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Actuarial loss (gain) | 58 |  |  | 73 |  |  | 55 |  |  | 28 |  |  | 40 |  |  | 28 |  |  | (17 | ) |  | (17 | ) |  | (12 | )
Prior service credit | — |  |  | — |  |  | — |  |  | (3 | ) |  | (3 | ) |  | (3 | ) |  | (18 | ) |  | (19 | ) |  | (17 | )
Net periodic (credit) benefit cost | (207 | ) |  | (135 | ) |  | (134 | ) |  | 65 |  |  | 72 |  |  | 56 |  |  | (42 | ) |  | (43 | ) |  | (41 | )
Curtailment gain | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (1 | ) |  |  |  |  | — |  |  | — |
Settlement loss | 2 |  |  | 3 |  |  | 180 |  |  | 5 |  |  | 2 |  |  | 3 |  |  | — |  |  | — |  |  | — |
Special termination benefits | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 4 |
Total (credit) benefit cost | $ | (205 | ) |  | $ | (132 | ) |  | $ | 46 |  |  | $ | 70 |  |  | $ | 74 |  |  | $ | 58 |  |  | $ | (42 | ) |  | $ | (43 | ) |  | $ | (37 | )
Weighted-Average Assumptions Used to Calculate Total Periodic Benefit (Credit) Cost | The weighted-average assumptions used to calculate the total periodic benefit (credit) cost were as follows:
| For the fiscal years ended October 31
| 2018 |  | 2017 |  | 2016 |  | 2018 |  | 2017 |  | 2016 |  | 2018 |  | 2017 |  | 2016
| U.S. Defined Benefit Plans |  | Non-U.S. Defined Benefit Plans |  | Post-Retirement Benefit Plans
Discount rate | 3.8 | % |  | 4.0 | % |  | 4.4 | % |  | 2.1 | % |  | 1.6 | % |  | 2.3 | % |  | 3.5 | % |  | 3.4 | % |  | 3.6 | %
Expected increase in compensation levels | 2.0 | % |  | 2.0 | % |  | 2.0 | % |  | 2.5 | % |  | 2.7 | % |  | 2.5 | % |  | — |  |  | — |  |  | — |
Expected long-term return on plan assets | 6.9 | % |  | 6.9 | % |  | 6.9 | % |  | 4.5 | % |  | 4.4 | % |  | 5.6 | % |  | 7.1 | % |  | 7.3 | % |  | 8.0 | %
Schedule of Funded Status of Defined Benefit and Post-Retirement Benefit Plans | The funded status of the defined benefit and post-retirement benefit plans was as follows:
| As of October 31
| 2018 |  | 2017 |  | 2018 |  | 2017 |  | 2018 |  | 2017
| U.S. Defined Benefit Plans |  | Non-U.S. Defined Benefit Plans |  | Post-Retirement Benefit Plans
| In millions
Change in fair value of plan assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Fair value of assets — beginning of year | $ | 10,838 |  |  | $ | 10,176 |  |  | $ | 815 |  |  | $ | 692 |  |  | $ | 351 |  |  | $ | 390 |
Acquisition of plan | — |  |  | — |  |  | 40 |  |  | — |  |  | — |  |  | — |
Actual return on plan assets | (267 | ) |  | 1,223 |  |  | (2 | ) |  | 86 |  |  | 76 |  |  | 26 |
Employer contributions | 33 |  |  | 33 |  |  | 33 |  |  | 27 |  |  | 4 |  |  | 9 |
Participant contributions | — |  |  | — |  |  | 11 |  |  | 10 |  |  | 59 |  |  | 53 |
Benefits paid | (575 | ) |  | (583 | ) |  | (10 | ) |  | (14 | ) |  | (102 | ) |  | (127 | )
Settlement | (11 | ) |  | (11 | ) |  | (18 | ) |  | (6 | ) |  | — |  |  | — |
Currency impact | — |  |  | — |  |  | (19 | ) |  | 20 |  |  | — |  |  | — |
Fair value of assets — end of year | $ | 10,018 |  |  | $ | 10,838 |  |  | $ | 850 |  |  | $ | 815 |  |  | $ | 388 |  |  | $ | 351 |
Change in benefits obligation |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Projected benefit obligation — beginning of year | $ | 12,266 |  |  | $ | 12,144 |  |  | $ | 1,132 |  |  | $ | 1,120 |  |  | $ | 463 |  |  | $ | 535 |
Acquisition of plan | — |  |  | — |  |  | 40 |  |  | — |  |  | — |  |  | — |
Service cost | $ | — |  |  | $ | — |  |  | $ | 55 |  |  | $ | 48 |  |  | $ | 1 |  |  | $ | 1 |
Interest cost | 452 |  |  | 469 |  |  | 24 |  |  | 18 |  |  | 15 |  |  | 18 |
Participant contributions | $ | — |  |  | $ | — |  |  | $ | 11 |  |  | $ | 10 |  |  | $ | 59 |  |  | $ | 53 |
Actuarial (gain) loss | (965 | ) |  | 247 |  |  | 21 |  |  | (77 | ) |  | (39 | ) |  | (17 | )
Benefits paid | $ | (575 | ) |  | $ | (583 | ) |  | $ | (10 | ) |  | $ | (14 | ) |  | $ | (102 | ) |  | $ | (127 | )
Plan amendments | — |  |  | — |  |  | — |  |  | (3 | ) |  | — |  |  | — |
Settlement | (11 | ) |  | (11 | ) |  | (13 | ) |  | (6 | ) |  | — |  |  | — |
Currency impact | — |  |  | — |  |  | (33 | ) |  | 36 |  |  | — |  |  | — |
Projected benefit obligation — end of year | $ | 11,167 |  |  | $ | 12,266 |  |  | $ | 1,227 |  |  | $ | 1,132 |  |  | $ | 397 |  |  | $ | 463 |
Funded status at end of year | $ | (1,149 | ) |  | $ | (1,428 | ) |  | $ | (377 | ) |  | $ | (317 | ) |  | $ | (9 | ) |  | $ | (112 | )
Accumulated benefit obligation | $ | 11,167 |  |  | $ | 12,266 |  |  | $ | 1,099 |  |  | $ | 1,014 |  |  |  |  |  |  |
Weighted-Average Assumptions Used to Calculate Projected Benefit Obligations | The weighted-average assumptions used to calculate the projected benefit obligations for the fiscal years ended October 31, 2018 and 2017 were as follows:
| For the fiscal years ended October 31
| 2018 |  | 2017 |  | 2018 |  | 2017 |  | 2018 |  | 2017
| U.S. Defined Benefit Plans |  | Non-U.S. Defined Benefit Plans |  | Post-Retirement Benefit Plans
Discount rate | 4.5 | % |  | 3.8 | % |  | 2.0 | % |  | 2.0 | % |  | 4.4 | % |  | 3.5 | %
Expected increase in compensation levels | 2.0 | % |  | 2.0 | % |  | 2.5 | % |  | 2.4 | % |  | — |  |  | — |
Schedule of Net Amounts of Noncurrent Assets and Current and Noncurrent Liabilities for Defined Benefit and Post-Retirement Benefit Plans | The net amounts of non-current assets and current and non-current liabilities for HP’s defined benefit and post-retirement benefit plans recognized on HP’s Consolidated Balance Sheet were as follows:
| As of October 31
| 2018 |  | 2017 |  | 2018 |  | 2017 |  | 2018 |  | 2017
| U.S. Defined Benefit Plans |  | Non-U.S. Defined Benefit Plans |  | Post-Retirement Benefit Plans
| In millions
Non-current assets | $ | — |  |  | $ | — |  |  | $ | 10 |  |  | $ | 18 |  |  | $ | 11 |  |  | $ | 7 |
Current liabilities | (32 | ) |  | (33 | ) |  | (9 | ) |  | (5 | ) |  | (6 | ) |  | (7 | )
Non-current liabilities | (1,117 | ) |  | (1,395 | ) |  | (378 | ) |  | (330 | ) |  | (14 | ) |  | (112 | )
Funded status at end of year | $ | (1,149 | ) |  | $ | (1,428 | ) |  | $ | (377 | ) |  | $ | (317 | ) |  | $ | (9 | ) |  | $ | (112 | )
Summary of Pre-Tax Net Actuarial Loss (Gain) and Prior Service Benefit Recognized in Accumulated Other Comprehensive Loss for Defined Benefit and Post-Retirement Benefit Plans | The following table summarizes the pre-tax net actuarial loss (gain) and prior service benefit recognized in Accumulated other comprehensive loss for the defined benefit and post-retirement benefit plans.
| As of October 31, 2018
| U.S. Defined Benefit Plans |  | Non-U.S. Defined Benefit Plans |  | Post-Retirement Benefit Plans
| In millions
Net actuarial loss (gain) | $ | 1,285 |  |  | $ | 311 |  |  | $ | (180 | )
Prior service benefit | — |  |  | (17 | ) |  | (74 | )
Total recognized in Accumulated other comprehensive loss (gain) | $ | 1,285 |  |  | $ | 294 |  |  | $ | (254 | )
Summary of Net Actuarial Loss (Gain) and Prior Service Benefit Expected to be Amortized | The following table summarizes HP’s pre-tax net actuarial loss (gain) and prior service benefit that are expected to be amortized from Accumulated other comprehensive loss and recognized as components of net periodic benefit cost (credit) during the next fiscal year.
| U.S. Defined Benefit Plans |  | Non-U.S. Defined Benefit Plans |  | Post-Retirement Benefit Plans
| In millions
Net actuarial loss (gain) | $ | 59 |  |  | $ | 32 |  |  | $ | (31 | )
Prior service benefit | — |  |  | (3 | ) |  | (13 | )
Total expected to be recognized in net periodic benefit cost (credit) | $ | 59 |  |  | $ | 29 |  |  | $ | (44 | )
Schedule of Defined Benefit Plans with Projected Benefit Obligations Exceeding 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
| 2018 |  | 2017 |  | 2018 |  | 2017
| U.S. Defined Benefit Plans |  | Non-U.S. Defined Benefit Plans
| In millions
Aggregate fair value of plan assets | $ | 10,018 |  |  | $ | 10,838 |  |  | $ | 800 |  |  | $ | 750 |
Aggregate projected benefit obligation | $ | 11,167 |  |  | $ | 12,266 |  |  | $ | 1,194 |  |  | $ | 1,085 |
Schedule of Defined Benefit Plans with Accumulated Benefit Obligations Exceeding 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
| 2018 |  | 2017 |  | 2018 |  | 2017
| U.S. Defined Benefit Plans |  | Non-U.S. Defined Benefit Plans
| In millions
Aggregate fair value of plan assets | $ | 10,018 |  |  | $ | 10,838 |  |  | $ | 734 |  |  | $ | 554 |
Aggregate accumulated benefit obligation | $ | 11,167 |  |  | $ | 12,266 |  |  | $ | 1,007 |  |  | $ | 777 |
Schedule of Fair Value of Plan Assets by Asset Category | The table below sets forth the fair value of plan assets by asset category within the fair value hierarchy as of October 31, 2018. Refer to Note 9, “Fair Value” for details on fair value hierarchy. Per ASU 2015-07, certain investments that are measured at fair value using the Net Asset Value (NAV) per share as a practical expedient have not been categorized in the fair value hierarchy. The fair value amounts presented in this table provide a reconciliation of the fair value hierarchy to the total value of plan assets.
| As of October 31, 2018
| U.S. Defined Benefit Plans |  | Non-U.S. Defined Benefit Plans |  | Post-Retirement Benefit Plans
| Level 1 |  | Level 2 |  | Level 3 |  | Total |  | Level 1 |  | Level 2 |  | Level 3 |  | Total |  | Level 1 |  | Level 2 |  | Level 3 |  | Total
| In millions
Asset Category: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Equity securities(1) | $ | 794 |  |  | $ | 48 |  |  | $ | — |  |  | $ | 842 |  |  | $ | 114 |  |  | $ | 6 |  |  | $ | — |  |  | $ | 120 |  |  | $ | 1 |  |  | $ | — |  |  | $ | — |  |  | $ | 1 |
Debt securities(2) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Corporate | — |  |  | 4,941 |  |  | — |  |  | 4,941 |  |  | — |  |  | 110 |  |  | — |  |  | 110 |  |  | — |  |  | 40 |  |  | — |  |  | 40 |
Government | — |  |  | 1,637 |  |  | — |  |  | 1,637 |  |  | — |  |  | 28 |  |  | — |  |  | 28 |  |  | — |  |  | 54 |  |  | — |  |  | 54 |
Real Estate Funds | — |  |  | — |  |  | — |  |  | — |  |  | 3 |  |  | 60 |  |  | — |  |  | 63 |  |  | — |  |  | — |  |  | — |  |  | — |
Insurance Contracts | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 50 |  |  | — |  |  | 50 |  |  | — |  |  | — |  |  | — |  |  | — |
Common Collective Trusts and 103-12s(3) | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 7 |  |  | — |  |  | 7 |  |  | — |  |  | — |  |  | — |  |  | — |
Investment Funds(4) | 253 |  |  | — |  |  | — |  |  | 253 |  |  | — |  |  | 279 |  |  | — |  |  | 279 |  |  | 55 |  |  | — |  |  | — |  |  | 55 |
Cash and Cash Equivalents(5) | 5 |  |  | 139 |  |  | — |  |  | 144 |  |  | 19 |  |  | — |  |  | — |  |  | 19 |  |  | — |  |  | 4 |  |  | — |  |  | 4 |
Other(6) | (108 | ) |  | (233 | ) |  | — |  |  | (341 | ) |  | 2 |  |  | 13 |  |  | — |  |  | 15 |  |  | (13 | ) |  | — |  |  | — |  |  | (13 | )
Net plan assets subject to leveling | $ | 944 |  |  | $ | 6,532 |  |  | $ | — |  |  | $ | 7,476 |  |  | $ | 138 |  |  | $ | 553 |  |  | $ | — |  |  | $ | 691 |  |  | $ | 43 |  |  | $ | 98 |  |  | $ | — |  |  | $ | 141 |
Investments using NAV as a Practical Expedient: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Alternative Investments(7) |  |  |  |  |  |  | 1,319 |  |  |  |  |  |  |  |  | 14 |  |  |  |  |  |  |  |  | 220 |
Common Contractual Funds(8) |  |  |  |  |  |  | — |  |  |  |  |  |  |  |  | 110 |  |  |  |  |  |  |  |  | — |
Common Collective Trusts and 103-12 Investment Entities(3) |  |  |  |  |  |  | 683 |  |  |  |  |  |  |  |  | — |  |  |  |  |  |  |  |  | 21 |
Investment Funds(4) |  |  |  |  |  |  | 540 |  |  |  |  |  |  |  |  | 35 |  |  |  |  |  |  |  |  | 6 |
Investments at Fair Value |  |  |  |  |  |  | $ | 10,018 |  |  |  |  |  |  |  |  | $ | 850 |  |  |  |  |  |  |  |  | $ | 388 |
The table below sets forth the fair value of plan assets by asset category within the fair value hierarchy as of October 31, 2017.
| As of October 31, 2017
| U.S. Defined Benefit Plans |  | Non-U.S. Defined Benefit Plans |  | Post-Retirement Benefit Plans
| Level 1 |  | Level 2 |  | Level 3 |  | Total |  | Level 1 |  | Level 2 |  | Level 3 |  | Total |  | Level 1 |  | Level 2 |  | Level 3 |  | Total
| In millions
Asset Category: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Equity securities(1) | $ | 3,174 |  |  | $ | 40 |  |  | $ | — |  |  | $ | 3,214 |  |  | $ | 124 |  |  | $ | 6 |  |  | $ | — |  |  | $ | 130 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Debt securities(2) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Corporate | — |  |  | 3,379 |  |  | — |  |  | 3,379 |  |  | — |  |  | 119 |  |  | — |  |  | 119 |  |  | — |  |  | 25 |  |  | — |  |  | 25 |
Government | — |  |  | 2,513 |  |  | — |  |  | 2,513 |  |  | — |  |  | 32 |  |  | — |  |  | 32 |  |  | — |  |  | 41 |  |  | — |  |  | 41 |
Real Estate Funds | — |  |  | — |  |  | — |  |  | — |  |  | 2 |  |  | 51 |  |  | — |  |  | 53 |  |  | — |  |  | — |  |  | — |  |  | — |
Insurance Contracts | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 7 |  |  | — |  |  | 7 |  |  | — |  |  | — |  |  | — |  |  | — |
Common Collective Trusts and 103-12 Investments Entities(3) | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 7 |  |  | — |  |  | 7 |  |  | — |  |  | — |  |  | — |  |  | — |
Investment Funds(4) | 89 |  |  | — |  |  | — |  |  | 89 |  |  | — |  |  | 284 |  |  | — |  |  | 284 |  |  | 54 |  |  | — |  |  | — |  |  | 54 |
Cash and Cash Equivalents(5) | 8 |  |  | 64 |  |  | — |  |  | 72 |  |  | 21 |  |  | — |  |  | — |  |  | 21 |  |  | — |  |  | 2 |  |  | — |  |  | 2 |
Other(6) | (172 | ) |  | (561 | ) |  | — |  |  | (733 | ) |  | 2 |  |  | 9 |  |  | 1 |  |  | 12 |  |  | (12 | ) |  | — |  |  | — |  |  | (12 | )
Net plan assets subject to leveling | $ | 3,099 |  |  | $ | 5,435 |  |  | $ | — |  |  | $ | 8,534 |  |  | $ | 149 |  |  | $ | 515 |  |  | $ | 1 |  |  | $ | 665 |  |  | $ | 42 |  |  | $ | 68 |  |  | $ | — |  |  | $ | 110 |
Investments using NAV as a Practical Expedient: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Alternative Investments(7) |  |  |  |  |  |  |  |  |  | 1,444 |  |  |  |  |  |  |  |  |  |  |  | 13 |  |  |  |  |  |  |  |  |  |  |  | 198 |
Common Contractual Funds(8) |  |  |  |  |  |  |  |  |  | 13 |  |  |  |  |  |  |  |  |  |  |  | 102 |  |  |  |  |  |  |  |  |  |  |  | — |
Common Collective Trusts and 103-12 Investment Entities(3) |  |  |  |  |  |  |  |  |  | 732 |  |  |  |  |  |  |  |  |  |  |  | — |  |  |  |  |  |  |  |  |  |  |  | 39 |
Investment Funds(4) |  |  |  |  |  |  |  |  |  | 115 |  |  |  |  |  |  |  |  |  |  |  | 35 |  |  |  |  |  |  |  |  |  |  |  | 4 |
Investments at Fair Value |  |  |  |  |  |  |  |  |  | $ | 10,838 |  |  |  |  |  |  |  |  |  |  |  | $ | 815 |  |  |  |  |  |  |  |  |  |  |  | $ | 351 |
(1) | Investments in publicly-traded equity securities are valued using the closing price on the measurement date as reported on the stock exchange on which the individual securities are traded.
(2) | The fair value of corporate, government and asset-backed debt securities is based on observable inputs of comparable market transactions. Also included in this category is debt issued by national, state and local governments and agencies.
(3) | Department of Labor 103-12 IE (Investment Entity) designation is for plan assets held by two or more unrelated employee benefit plans which includes limited partnerships and venture capital partnerships. Certain common collective trusts and interests in 103-12 entities are valued using NAV as a practical expedient.
(4) | Includes publicly traded funds of investment companies that are registered with the SEC, funds that are not publicly traded and a non-U.S. fund-of-fund arrangement. The non-U.S. fund-of-fund arrangement is a custom portfolio valued at NAV consisting primarily of fixed income and common contractual funds.
(5) | Includes cash and cash equivalents such as short-term marketable securities. Cash and cash equivalents include money market funds, which are valued based on NAV. Other assets were classified in the fair value hierarchy based on the lowest level input (e.g., quoted prices and observable inputs) that is significant to the fair value measure in its entirety.
(6) | Includes primarily reverse repurchase agreements, unsettled transactions, and derivative instruments.
(7) | Alternative Investments primarily include private equities and hedge funds. The valuation of alternative investments, such as limited partnerships and joint ventures, may require significant management judgment. For alternative investments, valuation is based on NAV as reported by the asset manager or investment company and adjusted for cash flows, if necessary. In making such an assessment, a variety of factors are reviewed by management, including but not limited to the timeliness of NAV as reported by the asset manager and changes in general economic and market conditions subsequent to the last NAV reported by the asset manager.
• | Private equities include limited partnerships such as equity, buyout, venture capital, real estate and other similar funds that invest in the United States and internationally where foreign currencies are hedged.
• | Hedge funds include limited partnerships that invest both long and short primarily in common stocks and credit, relative value, event-driven equity, distressed debt and macro strategies. Management of the hedge funds has the ability to shift investments from value to growth strategies, from small to large capitalization stocks and bonds, and from a net long position to a net short position.
(8) | The Common Contractual Fund is an investment arrangement in which institutional investors pool their assets. Units may be acquired in 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 NAV either once or twice a month, depending on the sub-fund. These assets are valued using NAV as a practical expedient.
Schedule of Weighted-Average Target Asset Allocations Across Benefit Plans | The weighted-average target asset allocations across the benefit plans represented in the fair value tables above were as follows:
|  | 2018 Target Allocation
Asset Category |  | U.S. Defined Benefit Plans |  | Non-U.S. Defined Benefit Plans |  | Post-Retirement Benefit Plans
Equity-related investments |  | 30.3 | % |  | 41.6 | % |  | 64.1 | %
Debt securities |  | 69.7 | % |  | 36.4 | % |  | 21.5 | %
Real estate |  | — |  |  | 6.1 | % |  | — | %
Cash and cash equivalents |  | — |  |  | 3.1 | % |  | 14.4 | %
Other |  | — |  |  | 12.8 | % |  | — |
Total |  | 100.0 | % |  | 100.0 | % |  | 100.0 | %
Schedule of Estimated Future Benefits Payments for Retirement and Post-Retirement Plans | s As of October 31, 2018, HP estimates that the future benefits payments for the retirement and post-retirement plans are as follows:
Fiscal year |  | U.S. Defined Benefit Plans |  | Non-U.S. Defined Benefit Plans |  | Post-Retirement Benefit Plans
|  | In millions
2019 |  | $ | 687 |  |  | $ | 42 |  |  | $ | 44 |
2020 |  | 644 |  |  | 36 |  |  | 40 |
2021 |  | 664 |  |  | 42 |  |  | 37 |
2022 |  | 687 |  |  | 40 |  |  | 34 |
2023 |  | 719 |  |  | 43 |  |  | 32 |
Next five fiscal years to October 31, 2028 |  | 3,758 |  |  | 298 |  |  | 155 |

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- Definition Tabular disclosure of weighted average assumptions used in calculation of the benefit obligation. For defined benefit pension plans, the benefit obligation is the projected benefit obligation, which is the actuarial present value as of a date of all benefits attributed by the pension benefit formula to employee service rendered prior to that date. For other postretirement defined benefit plans, the benefit obligation is the accumulated postretirement benefit obligation, which is the actuarial present value of benefits attributed to employee service rendered to a particular date. + References No definition available. + Details
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- Definition Tabular disclosure of the fair value of defined benefit plan assets by the level within the fair value hierarchy in which the fair value measurements fall, segregating fair value measurements using quoted prices in active markets for identical assets or liabilities (Level 1), Significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). + References No definition available. + Details
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- Definition Tabular disclosure of the change in the benefit obligation, fair value of plan assets, and funded status of pension plans or other employee benefit plans. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (a)(b)(c) -URI http://asc.fasb.org/extlink&oid=108410482&loc=d3e1928-114920 + Details
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- Definition Tabular disclosure of accumulated benefit obligations and fair values of plan assets of pension plans and/or other employee benefit plans where the accumulated benefit obligation exceeds the fair value of plan assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 3 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=108410482&loc=d3e2417-114920 + Details
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- Definition Tabular disclosure of the major categories of plan assets of pension plans and/or other employee benefit plans. This information may include, but is not limited to, the target allocation of plan assets, the fair value of each major category of plan assets, and the level within the fair value hierarchy in which the fair value measurements fall. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (d)(5) -URI http://asc.fasb.org/extlink&oid=108410482&loc=d3e1928-114920 + Details
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- Definition Tabular disclosure of the amounts related to pension plans and/or other employee benefit plans in accumulated other comprehensive income (loss) expected to be recognized as components of net periodic benefit cost over the next fiscal year, including the net gain (loss), net prior service cost or credit, and net transition asset or obligation. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (s) -URI http://asc.fasb.org/extlink&oid=108410482&loc=d3e1928-114920 + Details
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- Definition Tabular disclosure of the amounts that are recognized in the balance sheet (or statement of financial position) for pension plans and/or other employee benefit plans, showing separately the assets and current and noncurrent liabilities (if applicable) recognized. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=108410482&loc=d3e1928-114920 + Details
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- Definition Tabular disclosure of the net gain (loss) and net prior service cost or credit recognized in other comprehensive income (loss) for the period for pension plans and/or other employee benefit plans, and reclassification adjustments of other comprehensive income (loss) for the period, as those amounts, including amortization of the net transition asset or obligation, are recognized as components of net periodic benefit cost. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (i) -URI http://asc.fasb.org/extlink&oid=108410482&loc=d3e1928-114920 + Details
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- Definition Tabular disclosure of the assumptions used to determine for pension plans and/or other employee benefit plans the benefit obligation and net benefit cost, including assumed discount rates, rate increase in compensation increase, and expected long-term rates of return on plan assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (k) -URI http://asc.fasb.org/extlink&oid=108410482&loc=d3e1928-114920 + Details
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- Definition Tabular disclosure of the aggregate benefit obligation and aggregate fair value of plan assets for pension plans and/or other employee benefit plans with benefit obligations in excess of plan assets as of the measurement date. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 3 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=108410482&loc=d3e2417-114920 + Details
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- Definition Tabular disclosure of benefits expected to be paid by pension plans and/or other employee benefit plans in each of the next five fiscal years and in the aggregate for the five fiscal years thereafter. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (f) -URI http://asc.fasb.org/extlink&oid=108410482&loc=d3e1928-114920 + Details
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- Definition Tabular disclosure of the components of net benefit costs for pension plans and/or other employee benefit plans including service cost, interest cost, expected return on plan assets, gain (loss), prior service cost or credit, transition asset or obligation, and gain (loss) recognized due to settlements or curtailments. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (h) -URI http://asc.fasb.org/extlink&oid=108410482&loc=d3e1928-114920 + Details
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