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Financial Instruments (Tables) | 3 Months Ended
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Jan. 31, 2019
Investments, All Other Investments [Abstract] |
Schedule of Cash Equivalents and Available-for-Sale Investments | Cash Equivalents and Available-for-Sale Investments
| As of January 31, 2019 |  | As of October 31, 2018
| Cost |  | Gross Unrealized Gain |  | Gross Unrealized Loss |  | Fair Value |  | Cost |  | Gross Unrealized Gain |  | Gross Unrealized Loss |  | Fair Value
| In millions
Cash Equivalents: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Corporate debt | $ | 937 |  |  | $ | — |  |  | $ | — |  |  | $ | 937 |  |  | $ | 1,620 |  |  | $ | — |  |  | $ | — |  |  | $ | 1,620 |
Financial institution instruments | — |  |  | — |  |  | — |  |  | — |  |  | 9 |  |  | — |  |  | — |  |  | $ | 9 |
Government debt | 1,460 |  |  | — |  |  | — |  |  | 1,460 |  |  | 2,367 |  |  | — |  |  | — |  |  | 2,367 |
Total cash equivalents | 2,397 |  |  | — |  |  | — |  |  | 2,397 |  |  | 3,996 |  |  | — |  |  | — |  |  | 3,996 |
Available-for-Sale Investments: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Corporate debt (1) | 185 |  |  | — |  |  | (1 | ) |  | 184 |  |  | 368 |  |  | — |  |  | (2 | ) |  | 366 |
Financial institution instruments (1) | 10 |  |  | — |  |  | — |  |  | 10 |  |  | 32 |  |  | — |  |  | — |  |  | 32 |
Government debt (1) | 232 |  |  | — |  |  | (1 | ) |  | 231 |  |  | 314 |  |  | — |  |  | (1 | ) |  | 313 |
Marketable equity securities | 4 |  |  | 2 |  |  | — |  |  | 6 |  |  | 4 |  |  | 2 |  |  | — |  |  | 6 |
Mutual funds | 39 |  |  | 9 |  |  | — |  |  | 48 |  |  | 38 |  |  | 9 |  |  | — |  |  | 47 |
Total available-for-sale investments | 470 |  |  | 11 |  |  | (2 | ) |  | 479 |  |  | 756 |  |  | 11 |  |  | (3 | ) |  | 764 |
Total cash equivalents and available-for-sale investments | $ | 2,867 |  |  | $ | 11 |  |  | $ | (2 | ) |  | $ | 2,876 |  |  | $ | 4,752 |  |  | $ | 11 |  |  | $ | (3 | ) |  | $ | 4,760 |
(1) | HP classifies its marketable debt securities as available-for-sale investments within Other current assets on the Consolidated Condensed 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 Available for-sale Debt Securities | Contractual maturities of investments in available-for-sale debt securities were as follows:
| As of January 31, 2019
| Amortized Cost |  | Fair Value
| In millions
Due in one year or less | $ | 427 |  |  | $ | 425 |
Schedule of Gross Notional and Fair Value of Derivative Financial Instruments in the Consolidated Condensed Balance Sheets | The gross notional and fair value of derivative instruments in the Consolidated Condensed Balance Sheets were as follows:
| As of January 31, 2019 |  | As of October 31, 2018
| 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 | $ | 750 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 12 |  |  | $ | 1,000 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 23 |
Cash flow hedges: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Foreign currency contracts | 16,382 |  |  | 161 |  |  | 88 |  |  | 157 |  |  | 29 |  |  | 17,147 |  |  | 386 |  |  | 107 |  |  | 86 |  |  | 52 |
Total derivatives designated as hedging instruments | 17,132 |  |  | 161 |  |  | 88 |  |  | 157 |  |  | 41 |  |  | 18,147 |  |  | 386 |  |  | 107 |  |  | 86 |  |  | 75 |
Derivatives not designated as hedging instruments |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Foreign currency contracts | 5,473 |  |  | 22 |  |  | — |  |  | 22 |  |  | — |  |  | 5,437 |  |  | 22 |  |  | — |  |  | 26 |  |  | — |
Other derivatives | 135 |  |  | 7 |  |  | — |  |  | — |  |  | — |  |  | 71 |  |  | — |  |  | — |  |  | 8 |  |  | — |
Total derivatives not designated as hedging instruments | 5,608 |  |  | 29 |  |  | — |  |  | 22 |  |  | — |  |  | 5,508 |  |  | 22 |  |  | — |  |  | 34 |  |  | — |
Total derivatives | $ | 22,740 |  |  | $ | 190 |  |  | $ | 88 |  |  | $ | 179 |  |  | $ | 41 |  |  | $ | 23,655 |  |  | $ | 408 |  |  | $ | 107 |  |  | $ | 120 |  |  | $ | 75 |
Schedule of Offsetting Assets | As of January 31, 2019 and October 31, 2018, information related to the potential effect of HP’s master netting agreements and collateral security agreements was as follows:
| In the Consolidated Condensed Balance Sheets |  |  |  |
|  |  |  |  |  |  | Gross Amounts Not Offset |  |  |  |
| Gross Amount Recognized (i) | Gross Amount Offset (ii) | Net Amount Presented (iii) = (i)–(ii) |  | Derivatives (iv) |  | Financial Collateral (v) |  |  |  | Net Amount (vi) = (iii)–(iv)–(v)
| In millions
As of January 31, 2019 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Derivative assets | $ | 278 |  |  | $ | — |  |  | $ | 278 |  |  | $ | 118 |  |  | $ | 156 |  | (1) |  | $ | 4 |
Derivative liabilities | $ | 220 |  |  | $ | — |  |  | $ | 220 |  |  | $ | 118 |  |  | $ | 59 |  | (2) |  | $ | 43 |
As of October 31, 2018 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Derivative assets | $ | 515 |  |  | $ | — |  |  | $ | 515 |  |  | $ | 112 |  |  | $ | 299 |  | (1) |  | $ | 104 |
Derivative liabilities | $ | 195 |  |  | $ | — |  |  | $ | 195 |  |  | $ | 112 |  |  | $ | 69 |  | (2) |  | $ | 14 |
(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 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 Liabilities | As of January 31, 2019 and October 31, 2018, information related to the potential effect of HP’s master netting agreements and collateral security agreements was as follows:
| In the Consolidated Condensed Balance Sheets |  |  |  |
|  |  |  |  |  |  | Gross Amounts Not Offset |  |  |  |
| Gross Amount Recognized (i) | Gross Amount Offset (ii) | Net Amount Presented (iii) = (i)–(ii) |  | Derivatives (iv) |  | Financial Collateral (v) |  |  |  | Net Amount (vi) = (iii)–(iv)–(v)
| In millions
As of January 31, 2019 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Derivative assets | $ | 278 |  |  | $ | — |  |  | $ | 278 |  |  | $ | 118 |  |  | $ | 156 |  | (1) |  | $ | 4 |
Derivative liabilities | $ | 220 |  |  | $ | — |  |  | $ | 220 |  |  | $ | 118 |  |  | $ | 59 |  | (2) |  | $ | 43 |
As of October 31, 2018 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Derivative assets | $ | 515 |  |  | $ | — |  |  | $ | 515 |  |  | $ | 112 |  |  | $ | 299 |  | (1) |  | $ | 104 |
Derivative liabilities | $ | 195 |  |  | $ | — |  |  | $ | 195 |  |  | $ | 112 |  |  | $ | 69 |  | (2) |  | $ | 14 |
(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 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 in a Fair Value Hedging Relationship | The pre-tax effect of derivative instruments in cash flow hedging relationships for the three months ended January 31, 2019 was as follows:
| Loss Recognized in Other Comprehensive Income ("OCI") on Derivatives (Effective Portion) |  | Gain (Loss) Reclassified from Accumulated OCI Into Earnings (Effective Portion)
| Three months ended January 31, 2019 |  | Three months ended January 31, 2018 |  | Location |  | Three months ended January 31, 2019 |  | Three months ended January 31, 2018
| In millions |  |  |  | In millions
Cash flow hedges: |  |  |  |  |  |  |  |  |  |  |  |  |
Foreign currency contracts | $ | (107 | ) |  | $ | (551 | ) |  | Net revenue |  | $ | 191 |  |  | $ | (52 | )
|  |  |  |  |  |  | Cost of revenue |  | (10 | ) |  | (18 | )
|  |  |  |  |  |  | Operating expenses |  | (2 | ) |  | — |
Total | $ | (107 | ) |  | $ | (551 | ) |  |  |  | $ | 179 |  |  | $ | (70 | )
Schedule of Pre-Tax Effect of Derivative Instruments in Cash Flow Hedging Relationships | The pre-tax effect of derivative instruments in cash flow hedging relationships for the three months ended January 31, 2019 was as follows:
| Loss Recognized in Other Comprehensive Income ("OCI") on Derivatives (Effective Portion) |  | Gain (Loss) Reclassified from Accumulated OCI Into Earnings (Effective Portion)
| Three months ended January 31, 2019 |  | Three months ended January 31, 2018 |  | Location |  | Three months ended January 31, 2019 |  | Three months ended January 31, 2018
| In millions |  |  |  | In millions
Cash flow hedges: |  |  |  |  |  |  |  |  |  |  |  |  |
Foreign currency contracts | $ | (107 | ) |  | $ | (551 | ) |  | Net revenue |  | $ | 191 |  |  | $ | (52 | )
|  |  |  |  |  |  | Cost of revenue |  | (10 | ) |  | (18 | )
|  |  |  |  |  |  | Operating expenses |  | (2 | ) |  | — |
Total | $ | (107 | ) |  | $ | (551 | ) |  |  |  | $ | 179 |  |  | $ | (70 | )
As of January 31, 2019, HP expects to reclassify an estimated accumulated other comprehensive loss of $6 million, net of taxes, to earnings within the next twelve months associated with cash flow hedges along with the earnings effects of the related forecasted transactions. The amounts ultimately reclassified into earnings could be different from the amounts previously included in accumulated OCI based on the change of market rate, and therefore could have a different impact on earnings.
Schedule of Pre-Tax Effect of Derivative Instruments not Designated as Hedging Instruments on the Consolidated Condensed Statements of Earnings | The pre-tax effect of derivative instruments not designated as hedging instruments in the Consolidated Condensed Statements of Earnings for the three months ended January 31, 2019 and 2018 was as follows:
| (Loss) Gain Recognized in Earnings on Derivatives
| Location |  | Three months ended January 31, 2019 |  | Three months ended January 31, 2018
|  |  | In millions
Foreign currency contracts | Interest and other, net |  | $ | (40 | ) |  | $ | (17 | )
Other derivatives | Interest and other, net |  | 14 |  |  | 2 |
Total |  |  | $ | (26 | ) |  | $ | (15 | )

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