Financial Instruments (Tables)

12 Months Ended

Oct. 31, 2018

Investments, All Other Investments [Abstract]

Schedule of Cash Equivalents and Available-for-Sale Investments

Cash Equivalents and Available-for-Sale Investments



	As of October 31, 2018									As of October 31, 2017
	Cost		Gross Unrealized Gain		Gross Unrealized Loss			Fair Value		Cost		Gross Unrealized Gain		Gross Unrealized Loss			Fair Value
	In millions
Cash Equivalents:
Corporate debt	$	1,620	$	—	$	—		$	1,620	$	1,390	$	—	$	—		$	1,390
Financial institution instruments	9		—		—			9		6		—		—			6
Government debt	2,367		—		—			2,367		4,002		—		—			4,002
Total cash equivalents	3,996		—		—			3,996		5,398		—		—			5,398
Available-for-Sale Investments:
Corporate debt⁽¹⁾	368		—		(2		)	366		629		—		—			629
Financial institution instruments⁽¹⁾	32		—		—			32		78		—		—			78
Government debt⁽¹⁾	314		—		(1		)	313		443		—		(1		)	442
Marketable equity securities	4		2		—			6		5		7		—			12
Mutual funds	38		9		—			47		39		10		—			49
Total available-for-sale investments	756		11		(3		)	764		1,194		17		(1		)	1,210
Total cash equivalents and available-for-sale investments	$	4,752	$	11	$	(3	)	$	4,760	$	6,592	$	17	$	(1	)	$	6,608


⁽¹⁾	HP classifies its marketable debt securities as available-for-sale investments within Other current assets on the Consolidated Balance Sheets, including those with maturity dates beyond one year, based on their highly liquid nature and availability for use in current operations.

Schedule of Contractual Maturities of Investments in Available-for-sale Debt Securities

Contractual maturities of investments in available-for-sale debt securities were as follows:



	As of October 31, 2018
	Amortized Cost		Fair Value
	In millions
Due in one year or less	$	694	$	691
Due in one to five years	20		20
	$	714	$	711

Schedule of Fair Value of Derivative Instruments in the Consolidated Balance Sheets

The gross notional and fair value of derivative instruments in the Consolidated Balance Sheets was as follows:



	As of October 31, 2018										As of October 31, 2017
	Outstanding Gross Notional		Other Current Assets		Other Non-Current Assets		Other Accrued Liabilities		Other Non-Current Liabilities		Outstanding Gross Notional		Other Current Assets		Other Non-Current Assets		Other Accrued Liabilities		Other Non-Current Liabilities
	In millions
Derivatives designated as hedging instruments
Fair value hedges:
Interest rate contracts	$	1,000	$	—	$	—	$	—	$	23	$	2,500	$	—	$	—	$	—	$	12
Cash flow hedges:
Foreign currency contracts	17,147		386		107		86		52		16,149		92		12		245		100
Total derivatives designated as hedging instruments	18,147		386		107		86		75		18,649		92		12		245		112
Derivatives not designated as hedging instruments
Foreign currency contracts	5,437		22		—		26		—		5,801		16		—		15		—
Other derivatives	71		—		—		8		—		123		1		—		—		—
Total derivatives not designated as hedging instruments	5,508		22		—		34		—		5,924		17		—		15		—
Total derivatives	$	23,655	$	408	$	107	$	120	$	75	$	24,573	$	109	$	12	$	260	$	112

Schedule of Offsetting Derivative Liabilities

As of October 31, 2018 and 2017, information related to the potential effect of HP’s master netting agreements and collateral security agreements was as follows:



	In the Consolidated Balance Sheets
	(i)		(ii)		(iii) = (i)–(ii)		(iv)		(v)			(vi) = (iii)–(iv)–(v)
	Gross Amount Recognized		Gross Amount Offset		Net Amount Presented		Gross Amounts Not Offset
	Gross Amount Recognized		Gross Amount Offset		Net Amount Presented		Derivatives		Financial Collateral			Net Amount
	In millions
As of October 31, 2018
Derivative assets	$	515	$	—	$	515	$	112	$	299	⁽¹⁾	$	104
Derivative liabilities	$	195	$	—	$	195	$	112	$	69	⁽²⁾	$	14
As of October 31, 2017
Derivative assets	$	121	$	—	$	121	$	108	$	4	⁽¹⁾	$	9
Derivative liabilities	$	372	$	—	$	372	$	108	$	219	⁽²⁾	$	45


⁽¹⁾	Represents the cash collateral posted by counterparties as of the respective reporting date for HP’s asset position, net of derivative amounts that could be offset, as of, generally, two business days prior to the respective reporting date.


⁽²⁾	Represents the collateral posted by HP in cash or through re-use of counterparty cash collateral as of the respective reporting date for HP’s liability position, net of derivative amounts that could be offset, as of, generally, two business days prior to the respective reporting date.

Schedule of Offsetting Derivative Assets

As of October 31, 2018 and 2017, information related to the potential effect of HP’s master netting agreements and collateral security agreements was as follows:



	In the Consolidated Balance Sheets
	(i)		(ii)		(iii) = (i)–(ii)		(iv)		(v)			(vi) = (iii)–(iv)–(v)
	Gross Amount Recognized		Gross Amount Offset		Net Amount Presented		Gross Amounts Not Offset
	Gross Amount Recognized		Gross Amount Offset		Net Amount Presented		Derivatives		Financial Collateral			Net Amount
	In millions
As of October 31, 2018
Derivative assets	$	515	$	—	$	515	$	112	$	299	⁽¹⁾	$	104
Derivative liabilities	$	195	$	—	$	195	$	112	$	69	⁽²⁾	$	14
As of October 31, 2017
Derivative assets	$	121	$	—	$	121	$	108	$	4	⁽¹⁾	$	9
Derivative liabilities	$	372	$	—	$	372	$	108	$	219	⁽²⁾	$	45


⁽¹⁾	Represents the cash collateral posted by counterparties as of the respective reporting date for HP’s asset position, net of derivative amounts that could be offset, as of, generally, two business days prior to the respective reporting date.


⁽²⁾	Represents the collateral posted by HP in cash or through re-use of counterparty cash collateral as of the respective reporting date for HP’s liability position, net of derivative amounts that could be offset, as of, generally, two business days prior to the respective reporting date.

Schedule of Pre-tax Effect of Derivative Instruments and Related Hedged Items

The pre-tax effect of derivative instruments and related hedged items in a fair value hedging relationship for fiscal years ended October 31, 2018, 2017 and 2016 was as follows:



	(Loss) Gain Recognized in Income on Derivative Instruments and Related Hedged Items
Derivative Instrument	Location	2018			2017			2016		Hedged Item	Location	2018		2017		2016
		In millions										In millions
Interest rate contracts	Interest and other, net	$	(11	)	$	(60	)	$	10	Fixed-rate debt	Interest and other, net	$	11	$	60	$	(10	)

Schedule of Pre-tax Effect of Derivative Instruments in Cash Flow and Net Investment Hedging Relationships

The pre-tax effect of derivative instruments in cash flow hedging relationships for fiscal years ended October 31, 2018, 2017 and 2016 was as follows:



Gain (Loss) Recognized in OCI on Derivatives (Effective Portion)								(Loss) Gain Reclassified from Accumulated OCI Into Earnings (Effective Portion)
	2018		2017			2016			2018			2017			2016
	In millions								In millions
Cash flow hedges:
Foreign currency contracts	$	341	$	(651	)	$	199	Net revenue	$	(239	)	$	(156	)	$	20
								Cost of revenue	(18		)	(35		)	(84		)
								Other operating expenses	(1		)	1			1
								Interest and other, net	—			(9		)	—
Total	$	341	$	(651	)	$	199	Total	$	(258	)	$	(199	)	$	(63	)

Schedule of Pre-tax Effect of Derivative Instruments Not Designated As Hedging Instruments

The pre-tax effect of derivative instruments not designated as hedging instruments on the Consolidated Statements of Earnings for fiscal years 2018, 2017 and 2016 was as follows:



	Gain (Loss) Recognized in Income on Derivatives
	Location	2018			2017			2016
		In millions
Foreign currency contracts	Interest and other, net	$	35		$	(32	)	$	(34	)
Other derivatives	Interest and other, net	(9		)	3			(6		)
Total		$	26		$	(29	)	$	(40	)