Fair Value (Tables)

12 Months Ended

Oct. 31, 2018

Assets and Liabilities Measured at Fair Value on a Recurring Basis

The following table presents HP’s assets and liabilities that are measured at fair value on a recurring basis:



	As of October 31, 2018								As of October 31, 2017
	Fair Value Measured Using								Fair Value Measured Using
	Level 1		Level 2		Level 3		Total		Level 1		Level 2		Level 3		Total
	In millions
Assets:
Cash Equivalents:
Corporate debt	$	—	$	1,620	$	—	$	1,620	$	—	$	1,390	$	—	$	1,390
Financial institution instruments	—		9		—		9		—		6		—		6
Government debt⁽¹⁾	2,217		150		—		2,367		3,902		100		—		4,002
Available-for-Sale Investments:
Corporate debt	—		366		—		366		—		629		—		629
Financial institution instruments	—		32		—		32		—		78		—		78
Government debt⁽¹⁾	—		313		—		313		—		442		—		442
Mutual funds	47		—		—		47		49		—		—		49
Marketable equity securities	6		—		—		6		6		6		—		12
Derivative Instruments:
Interest rate contracts	—		—		—		—		—		—		—		—
Foreign currency contracts	—		508		7		515		—		110		10		120
Other derivatives	—		—		—		—		—		1		—		1
Total Assets	$	2,270	$	2,998	$	7	$	5,275	$	3,957	$	2,762	$	10	$	6,729
Liabilities:
Derivative Instruments:
Interest rate contracts	$	—	$	23	$	—	$	23	$	—	$	12	$	—	$	12
Foreign currency contracts	—		164		—		164		—		358		2		360
Other derivatives	—		8		—		8		—		—		—		—
Total Liabilities	$	—	$	195	$	—	$	195	$	—	$	370	$	2	$	372

⁽¹⁾ Government debt includes instruments such as U.S. treasury notes, U.S. agency securities and non-U.S. government bonds. Money market funds invested in government debt and trade in active markets are included in Level 1.