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Supplementary Financial Information
 6 Months Ended
Apr. 30, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Supplementary Financial Information Supplementary Financial Information
Accounts Receivable
The allowance for credit losses related to accounts receivable and changes were as follows:
 Six months ended April 30, 2021
 In millions
Balance at beginning of period$122 
Current-period allowance for credit losses23 
Deductions, net of recoveries(12)
Balance at end of period$133 
HP has third-party arrangements, consisting of revolving short-term financing, which provide liquidity to certain partners 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 de-recognized 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 similar transactions and reported as a current liability in the Consolidated Condensed Balance Sheets. The recourse obligations as of April 30, 2021 and October 31, 2020 were not material. The costs associated with the sale of trade receivables for the three and six months ended April 30, 2021 and 2020 were not material.
The following is a summary of the activity under these arrangements:
Three months ended April 30Six months ended April 30
 2021 20202021 2020
 In millions
Balance at beginning of period(1)
$207 $88 $188 $235 
Trade receivables sold2,947 2,323 6,489 5,181 
Cash receipts(2,940)(2,286)(6,472)(5,291)
Foreign currency and other(2)(1)7 (1)
Balance at end of period(1)
$212 $124 $212 $124 
(1) Amounts outstanding from third parties reported in Accounts receivable in the Consolidated Condensed Balance Sheets.
Inventory
 As of
 April 30, 2021October 31, 2020
 In millions
Finished goods$3,697 $3,662 
Purchased parts and fabricated assemblies(1)
3,805 2,301 
$7,502 $5,963 
(1) Increase is attributable to strategic buys in Personal Systems.
Other Current Assets
 As of
 April 30, 2021October 31, 2020
 In millions
Supplier and other receivables$1,960 $2,092 
Prepaid and other current assets1,289 1,104 
Value-added taxes receivable914 970 
Available-for-sale investments12 274 
$4,175 $4,440 

Property, Plant and Equipment, net
 As of
 April 30, 2021October 31, 2020
 In millions
Land, buildings and leasehold improvements$2,125 $2,066 
Machinery and equipment, including equipment held for lease5,316 5,275 
7,441 7,341 
Accumulated depreciation(4,903)(4,714)
$2,538 $2,627 

Other Non-Current Assets
 As of
 April 30, 2021October 31, 2020
 In millions
Deferred tax assets$2,467 $2,515 
Right-of-use assets from operating leases, net1,074 1,107 
Deposits and prepaid705 337 
Intangible assets572 540 
Other578 527 
$5,396 $5,026 
Other Current Liabilities
 As of
 April 30, 2021October 31, 2020
 In millions
Sales and marketing programs$3,342 $3,185 
Employee compensation and benefit 1,385 1,194 
Deferred revenue1,265 1,208 
Other accrued taxes1,066 1,051 
Warranty774 746 
Operating lease liabilities308 275 
Tax liability255 223 
Other3,184 2,960 
$11,579 $10,842 

Other Non-Current Liabilities
 As of
 April 30, 2021October 31, 2020
 In millions
Pension, post-retirement, and post-employment liabilities$1,413 $1,576 
Deferred revenue1,053 1,072 
Operating lease liabilities867 904 
Tax liability714 746 
Deferred tax liability35 25 
Other881 823 
$4,963 $5,146 

Interest and other, net
 Three months ended April 30Six months ended April 30
 202120202021 2020
 In millions
Interest expense on borrowings$(64)$(64)$(128)$(122)
Other, net38 64 77 135 
$(26)$— $(51)$13 
Net revenue by region
Three months ended April 30Six months ended April 30
 202120202021 2020
 In millions
Americas$6,846 $5,205 $13,740 $11,164 
Europe, Middle East and Africa5,766 4,654 11,263 9,886 
Asia-Pacific and Japan3,265 2,610 6,520 6,037 
Total net revenue$15,877 $12,469 $31,523 $27,087 

Value of Remaining Performance Obligations
    As of April 30, 2021, the estimated value of transaction price allocated to remaining performance obligations was $3.9 billion. HP expects to recognize approximately $1.8 billion of the unearned amount in next 12 months and $2.1 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.
Contract Liabilities
As of April 30, 2021 and October 31, 2020, HP’s contract liabilities balances were $2.3 billion and $2.2 billion, respectively, included in Other current liabilities and Other non-current liabilities in the Consolidated Condensed Balance Sheets.
The increase in the contract liabilities balance for the six months ended April 30, 2021 was primarily driven by sales of fixed-price support and maintenance services, partially offset by $0.7 billion of revenue recognized that was included in the contract liabilities balance as of October 31, 2020.