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Borrowings | 6 Months Ended
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Apr. 30, 2021
Debt Disclosure [Abstract] |
Borrowings | Borrowings Notes Payable and Short-Term Borrowings
| As of April 30, 2021 |  | As of October 31, 2020
| Amount Outstanding |  | Weighted-Average Interest Rate |  | Amount Outstanding |  | Weighted-Average Interest Rate
| In millions
Current portion of long-term debt | $ | 1,191 |  |  | 4.3 | % |  | $ | 633 |  |  | 4.0 | %
Notes payable to banks, lines of credit and other | 31 |  |  | 1.4 | % |  | 41 |  |  | 1.6 | %
| $ | 1,222 |  |  |  |  | $ | 674 |  |  |
Long-Term Debt
| As of
| April 30, 2021 |  | October 31, 2020
| In millions
U.S. Dollar Global Notes(1) |  |  |
2009 Shelf Registration Statement: |  |  |
$1,000 issued at discount to par at a price of 99.816% in September 2011 at 4.375%, due September 2021 | $ | 412 |  |  | $ | 412 |
$1,500 issued at discount to par at a price of 99.707% in December 2011 at 4.65%, due December 2021 | 586 |  |  | 586 |
$500 issued at discount to par at a price of 99.771% in March 2012 at 4.05%, due September 2022 | 499 |  |  | 499 |
$1,200 issued at discount to par at a price of 99.863% in September 2011 at 6.00%, due September 2041 | 1,199 |  |  | 1,199 |
2019 Shelf Registration Statement: |  |  |
$1,150 issued at discount to par at a price of 99.769% in June 2020 at 2.2%, due June 2025 | 1,148 |  |  | 1,148 |
$1,000 issued at discount to par at a price of 99.718% in June 2020 at 3.0%, due June 2027 | 997 |  |  | 997 |
$850 issued at discount to par at a price of 99.790% in June 2020 at 3.4%, due June 2030 | 848 |  |  | 848 |
| 5,689 |  |  | 5,689 |
Other borrowings at 0.51%-9.00%, due in calendar years 2021-2028 | 462 |  |  | 522 |
Fair value adjustment related to hedged debt | (6) |  |  | 2 |
Unamortized debt issuance cost | (37) |  |  | (37) |
Current portion of long-term debt | (1,191) |  |  | (633) |
Total long-term debt | $ | 4,917 |  |  | $ | 5,543 |
(1)HP may redeem some or all of the fixed-rate U.S. Dollar Global Notes at any time in accordance with the terms thereof. The U.S. Dollar Global Notes are senior unsecured debt. As disclosed in Note 8, “Financial Instruments”, HP uses interest rate swaps to mitigate some of the exposure of its debt portfolio to changes in fair value resulting from changes in benchmark interest rates. Interest rates shown in the table of long-term debt have not been adjusted to reflect the impact of any interest rate swaps. Commercial Paper As of April 30, 2021, HP maintained two commercial paper programs. HP’s U.S. program provides for the issuance of U.S. dollar-denominated commercial paper up to a maximum aggregate principal amount of $6.0 billion. HP’s euro commercial paper program provides for the issuance of commercial paper outside of the United States denominated in U.S. dollars, euros or British pounds up to a maximum aggregate principal amount of $6.0 billion or the equivalent in those alternative currencies. The combined aggregate principal amount of commercial paper outstanding under those programs at any one time cannot exceed the $6.0 billion authorized by HP’s Board of Directors. Credit Facilities As of April 30, 2021, HP maintained a $4.0 billion senior unsecured committed revolving credit facility and a $1.0 billion 364-day revolving credit facility to support the issuance of commercial paper or for general corporate purposes. Commitments under the $4.0 billion and $1.0 billion revolving credit facilities would have been available until March 30, 2023, and May 28, 2021, respectively. As of April 30, 2021, HP was in compliance with the financial covenants in the credit agreements governing the existing $4.0 billion and $1.0 billion revolving credit facilities. On May 26, 2021, HP entered into a new $5.0 billion 5-year sustainability-linked senior unsecured committed revolving credit facility (the ‘New Revolving Facility”). Commitment fees, interest rates and other terms of borrowing under the New Revolving Facility vary based on HP’s external credit ratings and certain sustainability metrics. Funds borrowed under the New Revolving Facility may be used for general corporate purposes. Commitments under the $4.0 billion and $1.0 billion revolving credit facilities were terminated concurrently with the execution of the New Revolving Facility. Available Borrowing Resources As of April 30, 2021, HP had available borrowing resources of $634 million from uncommitted lines of credit in addition to the senior unsecured committed revolving credit facilities.

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- Definition The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -URI http://asc.fasb.org/topic&trid=2208564 + Details
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