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Supplementary Financial Information | 3 Months Ended
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Jan. 31, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract] |
Supplementary Financial Information | Supplementary Financial Information Accounts Receivable, net
| As of
| January 31, 2019 |  | October 31, 2018
| In millions
Accounts receivable | $ | 5,222 |  |  | $ | 5,242 |
Allowance for doubtful accounts | (109 | ) |  | (129 | )
| $ | 5,113 |  |  | $ | 5,113 |
The allowance for doubtful accounts related to accounts receivable and changes were as follows:
| Three months ended January 31, 2019
| In millions
Balance at beginning of period | $ | 129 |
Provision for doubtful accounts | 8 |
Deductions, net of recoveries | (28 | )
Balance at end of period | $ | 109 |
HP has third-party arrangements, consisting of revolving short-term financing, which provide liquidity to certain partners in order to facilitate their working capital requirements. These financing arrangements, which in certain circumstances may contain partial recourse, result in a transfer of HP’s receivables and risk to the third party. As these transfers qualify as true sales under the applicable accounting guidance, the receivables are derecognized from the Consolidated Condensed Balance Sheets upon transfer, and HP receives a payment for the receivables from the third party within a mutually agreed upon time period. For arrangements involving an element of recourse, the recourse obligation is measured using market data from the similar transactions and reported as a current liability in the Consolidated Condensed Balance Sheets. The recourse obligations as of January 31, 2019 and October 31, 2018 were not material. The costs associated with the sales of trade receivables for the three months ended January 31, 2019 and 2018 were not material. The following is a summary of the activity under these arrangements:
| Three months ended January 31
| 2019 |  | 2018
| In millions
Balance at beginning of period(1) | $ | 165 |  |  | $ | 147 |
Trade receivables sold | 3,036 |  |  | 2,936 |
Cash receipts | (3,010 | ) |  | (2,921 | )
Foreign currency and other | 3 |  |  | 10 |
Balance at end of period(1) | $ | 194 |  |  | $ | 172 |
(1) | Amounts outstanding from third parties reported in Accounts Receivable in the Consolidated Condensed Balance Sheets.
Inventory
| As of
| January 31, 2019 |  | October 31, 2018
| In millions
Finished goods | $ | 3,797 |  |  | $ | 4,019 |
Purchased parts and fabricated assemblies | 1,852 |  |  | 2,043 |
| $ | 5,649 |  |  | $ | 6,062 |
Other Current Assets
| As of
| January 31, 2019 |  | October 31, 2018
| In millions
Value-added taxes receivable | $ | 881 |  |  | $ | 865 |
Available-for-sale investments(1) | 425 |  |  | 711 |
Supplier and other receivables | 2,217 |  |  | 2,025 |
Prepaid and other current assets(2) | 1,284 |  |  | 1,445 |
| $ | 4,807 |  |  | $ | 5,046 |
(1) | See Note 8, “Financial Instruments” for detailed information.
(2) | As of January 31, 2019, deferred contract fulfillment and acquisition costs balances were $38 million and $36 million, respectively. For the three months ended January 31, 2019, HP amortized $21 million of these costs.
See note below “Other Non-Current Assets” for deferred contract fulfillment and acquisition costs. Property, Plant and Equipment, net
| As of
| January 31, 2019 |  | October 31, 2018
| In millions
Land, buildings and leasehold improvements | $ | 1,888 |  |  | $ | 1,893 |
Machinery and equipment, including equipment held for lease | 4,402 |  |  | 4,216 |
| 6,290 |  |  | 6,109 |
Accumulated depreciation | (3,978 | ) |  | (3,911 | )
| $ | 2,312 |  |  | $ | 2,198 |
Other Non-Current Assets
| As of
| January 31, 2019 |  | October 31, 2018
| In millions
Tax indemnifications receivable | $ | 866 |  |  | $ | 953 |
Deferred tax assets | 2,329 |  |  | 2,431 |
Intangible assets(1) | 724 |  |  | 453 |
Other(2)(3) | 980 |  |  | 1,232 |
| $ | 4,899 |  |  | $ | 5,069 |
(1) | See Note 15, “Intangible Assets” for detailed information.
(2) | Includes marketable equity securities and mutual funds classified as available-for-sale investments of $54 million and $53 million as of January 31, 2019 and October 31, 2018, respectively.
(3) | See note (2) on deferred contract fulfillment and acquisition costs under “Other Current Assets” table above.
Other Accrued Liabilities
| As of
| January 31, 2019 |  | October 31, 2018
| In millions
Other accrued taxes | $ | 919 |  |  | $ | 982 |
Warranty | 675 |  |  | 673 |
Deferred revenue(1) | 1,180 |  |  | 1,095 |
Sales and marketing programs | 3,020 |  |  | 2,758 |
Other | 2,603 |  |  | 1,868 |
| $ | 8,397 |  |  | $ | 7,376 |
(1) | As of January 31, 2019 and October 31, 2018, HP’s contract liabilities balances were $2.0 billion and $1.9 billion, respectively. The increase in the contract liabilities balance for the three months ended January 31, 2019 is primarily driven by sales of fixed price support and maintenance services, partially offset by $308 million of revenue recognized that were included in the opening contract liabilities balance as of November 1, 2018.
Other Non-Current Liabilities
| As of
| January 31, 2019 |  | October 31, 2018
| In millions
Pension, post-retirement, and post-employment liabilities | $ | 1,619 |  |  | $ | 1,645 |
Deferred tax liability | 64 |  |  | 100 |
Tax liability | 1,977 |  |  | 2,063 |
Deferred revenue(1) | 986 |  |  | 1,005 |
Other | 776 |  |  | 793 |
| $ | 5,422 |  |  | $ | 5,606 |
(1) | See note (1) on contract liabilities under “Other Accrued Liabilities” table above.
Interest and Other, net
| Three months ended January 31
| 2019 |  | 2018
| In millions
Interest expense on borrowings | $ | (64 | ) |  | $ | (87 | )
Other, net | 38 |  |  | 79 |
| $ | (26 | ) |  | $ | (8 | )
Net revenue by region
| Three months ended January 31
| 2019 |  | 2018
| In millions
Americas | $ | 6,032 |  |  | $ | 6,235 |
Europe, Middle East and Africa | 5,358 |  |  | 5,221 |
Asia-Pacific and Japan | 3,320 |  |  | 3,061 |
Total net revenue | $ | 14,710 |  |  | $ | 14,517 |
Value of Remaining Performance Obligations As of January 31, 2019, the estimated value of transaction price allocated to remaining performance obligations was $4.5 billion. HP expects to recognize approximately $1.8 billion of the unearned amount in next 12 months and $2.7 billion thereafter. HP has elected the practical expedients and accordingly does not disclose the aggregate amount of the transaction price allocated to remaining performance obligations if:
• | the contract has an original expected duration of one year or less; or
• | the revenue from the performance obligation is recognized over time on an as-invoiced basis when the amount corresponds directly with the value to the customer; or
• | the portion of the transaction price that is variable in nature is allocated entirely to a wholly unsatisfied performance obligation.
The remaining performance obligations are subject to change and may be affected by various factors, such as termination of contracts, contract modifications and adjustment for currency.

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