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Financial Instruments (Tables)

3 Months Ended

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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