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Taxes on Earnings (Tables) | 12 Months Ended
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Oct. 31, 2018
Income Tax Disclosure [Abstract] |
Schedule of Domestic and Foreign Components of Earnings | The domestic and foreign components of earnings from continuing operations before taxes were as follows:
| For the fiscal years ended October 31
| 2018 |  | 2017 |  | 2016
| In millions
U.S. | $ | 242 |  |  | $ | (14 | ) |  | $ | 468 |
Non-U.S. | 2,771 |  |  | 3,290 |  |  | 3,293 |
| $ | 3,013 |  |  | $ | 3,276 |  |  | $ | 3,761 |
Schedule of (Benefit from) Provision for Taxes on Earnings | The (benefit from) provision for taxes on earnings from continuing operations was as follows:
| For the fiscal years ended October 31
| 2018 |  | 2017 |  | 2016
| In millions
U.S. federal taxes: |  |  |  |  |  |  |  |
Current | $ | 751 |  |  | $ | 189 |  |  | $ | 439 |
Deferred | (3,132 | ) |  | 197 |  |  | 470 |
Non-U.S. taxes: |  |  |  |  |  |  |  |
Current | 528 |  |  | 302 |  |  | 288 |
Deferred | (563 | ) |  | 4 |  |  | (123 | )
State taxes: |  |  |  |  |  |  |  |
Current | 61 |  |  | 20 |  |  | (35 | )
Deferred | 41 |  |  | 38 |  |  | 56 |
| $ | (2,314 | ) |  | $ | 750 |  |  | $ | 1,095 |
Schedule of Differences Between U.S. Federal Statutory Income Tax Rate and HP's Effective Tax Rate | The differences between the U.S. federal statutory income tax rate and HP’s effective tax rate were as follows:
| For the fiscal years ended October 31
| 2018 |  | 2017 |  | 2016
U.S. federal statutory income tax rate from continuing operations | 23.3 | % |  | 35.0 | % |  | 35.0 | %
State income taxes from continuing operations, net of federal tax benefit | 0.5 | % |  | 1.4 | % |  | 1.1 | %
Lower rates in other jurisdictions, net | (10.9 | )% |  | (13.2 | )% |  | (9.3 | )%
U.S. Tax Reform impacts | (35.8 | )% |  | — | % |  | — | %
Research and development (“R&D”) credit | (0.7 | )% |  | (0.5 | )% |  | (2.4 | )%
Valuation allowances | (9.3 | )% |  | (1.9 | )% |  | (1.2 | )%
Uncertain tax positions and audit settlements | (50.3 | )% |  | 0.4 | % |  | 11.7 | %
Indemnification related items | 5.2 | % |  | (0.3 | )% |  | (4.1 | )%
Other, net | 1.2 | % |  | 2.0 | % |  | (1.7 | )%
| (76.8 | )% |  | 22.9 | % |  | 29.1 | %
Reconciliation of Unrecognized Tax Benefits | A reconciliation of unrecognized tax benefits is as follows:
| As of October 31
| 2018 |  | 2017 |  | 2016
| In millions
Balance at beginning of year | $ | 10,808 |  |  | $ | 10,858 |  |  | $ | 6,546 |
Increases: |  |  |  |  |  |  |
For current year’s tax positions | 66 |  |  | 52 |  |  | 468 |
For prior years’ tax positions | 101 |  |  | 85 |  |  | 4,004 |
Decreases: |  |  |  |  |  |  |
For prior years’ tax positions | (248 | ) |  | (181 | ) |  | (62 | )
Statute of limitations expirations | (3 | ) |  | (1 | ) |  | — |
Settlements with taxing authorities | (2,953 | ) |  | (5 | ) |  | (98 | )
Balance at end of year | $ | 7,771 |  |  | $ | 10,808 |  |  | $ | 10,858 |
Schedule of Significant Components of Deferred Tax Assets and Deferred Tax Liabilities | The significant components of deferred tax assets and deferred tax liabilities were as follows:
| As of October 31
| 2018 |  | 2017
| In millions
Deferred Tax Assets |  |  |
Loss and credit carryforwards | $ | 8,204 |  |  | $ | 9,914 |
Intercompany transactions—excluding inventory | 994 |  |  | 1,901 |
Fixed assets | 151 |  |  | 256 |
Warranty | 194 |  |  | 219 |
Employee and retiree benefits | 401 |  |  | 519 |
Deferred Revenue | 164 |  |  | 231 |
Other | 422 |  |  | 511 |
Gross Deferred Tax Assets | 10,530 |  |  | 13,551 |
Valuation allowances | (7,906 | ) |  | (8,807 | )
Net Deferred Tax Assets | 2,624 |  |  | 4,744 |
Deferred Tax Liabilities |  |  |
Unremitted earnings of foreign subsidiaries | (31 | ) |  | (5,554 | )
Intangible assets | (229 | ) |  | (209 | )
Other | (33 | ) |  | (49 | )
Total Deferred Tax Liabilities | (293 | ) |  | (5,812 | )
Net Deferred Tax Assets (Liabilities) | $ | 2,331 |  |  | $ | (1,068 | )
Long-term deferred tax assets and liabilities included in the Consolidated Balance Sheets as follows:
| As of October 31
| 2018 |  | 2017
| In millions
Long-term deferred tax assets | $ | 2,431 |  |  | $ | 342 |
Long-term deferred tax liabilities | (100 | ) |  | (1,410 | )
Total | $ | 2,331 |  |  | $ | (1,068 | )
Schedule of Deferred Tax Assets for Net Operating Loss Carryforwards | As of October 31, 2018, HP had recorded deferred tax assets for net operating loss carryforwards as follows:
| Gross NOLs |  | Deferred Taxes on NOLs |  | Valuation allowance | Initial Year of Expiration
| In millions |
Federal | $ | 456 |  |  | $ | 96 |  |  | — |  | 2023
State | 2,644 |  |  | 163 |  |  | (71 | ) | 2018
Foreign | 26,438 |  |  | 7,743 |  |  | (7,247 | ) | 2020
Balance at end of year | $ | 29,538 |  |  | $ | 8,002 |  |  | $ | (7,318 | ) |
Schedule of Deferred Tax Assets for Various Tax Credit Carryforwards |
| Gross NOLs |  | Deferred Taxes on NOLs |  | Valuation allowance | Initial Year of Expiration
| In millions |
Federal | $ | 456 |  |  | $ | 96 |  |  | — |  | 2023
State | 2,644 |  |  | 163 |  |  | (71 | ) | 2018
Foreign | 26,438 |  |  | 7,743 |  |  | (7,247 | ) | 2020
Balance at end of year | $ | 29,538 |  |  | $ | 8,002 |  |  | $ | (7,318 | ) |
As of October 31, 2018, HP had recorded deferred tax assets for various tax credit carryforwards as follows:
| Carryforward |  | Valuation Allowance |  | Initial Year of Expiration
| In millions |  |
U.S. foreign tax credits | $ | 7 |  |  | $ | — |  |  | 2027
U.S. R&D and other credits | 3 |  |  | — |  |  | 2020
Tax credits in state and foreign jurisdictions | 313 |  |  | (94 | ) |  | 2021
Balance at end of year | $ | 323 |  |  | $ | (94 | ) |  |
Schedule of Deferred Tax Asset Valuation Allowance and Changes | The deferred tax asset valuation allowance and changes were as follows:
| As of October 31
| 2018 |  | 2017 |  | 2016
| In millions
Balance at beginning of year | $ | 8,807 |  |  | $ | 8,520 |  |  | $ | 7,114 |
Income tax (benefit) expense | (897 | ) |  | 297 |  |  | 1,421 |
Other comprehensive income, currency translation and charges to other accounts | (4 | ) |  | (10 | ) |  | (15 | )
Balance at end of year | $ | 7,906 |  |  | $ | 8,807 |  |  | $ | 8,520 |

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