Stockholders' Deficit

6 Months Ended

Apr. 30, 2021

Stockholders' Equity Note [Abstract]

Stockholders’ Deficit

Share Repurchase Program

HP’s share repurchase program authorizes both open market and private repurchase transactions. During the three and six months ended April 30, 2021, HP executed share repurchases of 52 million shares and 113 million shares and settled total shares for $1.6 billion and $3.0 billion, respectively. During the three and six months ended April 30, 2020, HP executed share repurchases of 4 million shares and 39 million shares and settled total shares for $0.1 billion and $0.8 billion, respectively. Share repurchases executed during the three and six months ended April 30, 2021 included 2 million shares settled in May 2021.

The shares repurchased during the six months ended April 30, 2021 and 2020 were all open market repurchase transactions. As of April 30, 2021, HP had approximately $9.7 billion remaining under the share repurchase authorizations approved by HP’s Board of Directors.

Tax effects related to Other Comprehensive Income (Loss)


	Three months ended April 30				Six months ended April 30
	2021		2020		2021		2020
	In millions
Tax effect on change in unrealized components of available-for-sale debt securities:
Tax provision on unrealized gains arising during the period	$	—	$	—	$	(1)	$	—

Tax effect on change in unrealized components of cash flow hedges:
Tax (provision) benefit on unrealized gains (losses) arising during the period	(7)		(33)		40		(49)
Tax (benefit) provision on losses (gains) reclassified into earnings	(17)		16		(21)		26
	(24)		(17)		19		(23)
Tax effect on change in unrealized components of defined benefit plans:
Tax provision on gains arising during the period	(11)		—		(11)		—
Tax benefit on amortization of actuarial loss and prior service benefit	(5)		(5)		(10)		(10)

	(16)		(5)		(21)		(10)

Tax effect on change in cumulative translation adjustment	(1)		—		(6)		—
Tax provision on other comprehensive income	$	(41)	$	(22)	$	(9)	$	(33)

Changes and reclassifications related to Other Comprehensive Income (Loss), net of taxes


	Three months ended April 30				Six months ended April 30
	2021		2020		2021		2020
	In millions
Other comprehensive income (loss), net of taxes:
Change in unrealized components of available-for-sale debt securities:
Unrealized (losses) gains arising during the period	$	—	$	(2)	$	3	$	(1)


Change in unrealized components of cash flow hedges:
Unrealized (losses) gains arising during the period	(28)		198		(347)		242
Losses (gains) reclassified into earnings	132		(37)		177		(86)
	104		161		(170)		156
Change in unrealized components of defined benefit plans:
Gains (losses) arising during the period	31		(1)		30		(1)
Amortization of actuarial loss and prior service benefit(1)	16		16		32		31
Curtailments, settlements and other	—		1		1		1
	47		16		63		31

Change in cumulative translation adjustment	2		(17)		27		(11)
Other comprehensive income (loss), net of taxes	$	153	$	158	$	(77)	$	175

(1)These components are included in the computation of net pension and post-retirement benefit (credit) charges in Note 4, “Retirement and Post-Retirement Benefit Plans”.

The components of Accumulated other comprehensive loss, net of taxes and changes were as follows:


	Six months ended April 30, 2021
	Net unrealized gains on available-for-sale debt securities		Net unrealized (losses) gains on cash flow hedges		Unrealized components of defined benefit plans		Change in cumulative translation adjustment		Accumulated other comprehensive loss
	In millions
Balance at beginning of period	$	11	$	(66)	$	(1,190)	$	2	$	(1,243)
Other comprehensive income (loss) before reclassifications	3		(347)		30		27		(287)
Reclassifications of losses into earnings	—		177		32		—		209
Reclassifications of settlements into earnings	—		—		1		—		1
Balance at end of period	$	14	$	(236)	$	(1,127)	$	29	$	(1,320)