Fair Value (Tables)

6 Months Ended

Apr. 30, 2021

Assets and Liabilities Measured and Recorded at Fair Value on a Recurring Basis

The following table presents HP’s assets and liabilities that are measured at fair value on a recurring basis:


	As of April 30, 2021								As of October 31, 2020
	Fair Value Measured Using								Fair Value Measured Using
	Level 1		Level 2		Level 3		Total		Level 1		Level 2		Level 3		Total
	In millions
Assets:
Cash Equivalents:
Corporate debt	$	—	$	1,374	$	—	$	1,374	$	—	$	1,700	$	—	$	1,700
Financial institution instruments	—		—		—		—		—		59		—		59
Government debt(1)	931		—		—		931		1,992		181		—		2,173
Available-for-Sale Investments:
Corporate debt	—		—		—		—		—		169		—		169
Financial institution instruments	—		12		—		12		—		32		—		32
Government debt(1)	—		—		—		—		—		73		—		73
Mutual funds	6		57		—		63		5		53		—		58
Derivative Instruments:
Interest rate contracts	—		2		—		2		—		4		—		4
Foreign currency contracts	—		93		—		93		—		191		—		191
Other derivatives	—		2		—		2		—		—		—		—
Total assets	$	937	$	1,540	$	—	$	2,477	$	1,997	$	2,462	$	—	$	4,459
Liabilities:
Derivative Instruments:
Interest rate contracts	$	—	$	9	$	—	$	9	$	—	$	3	$	—	$	3
Foreign currency contracts	—		343		—		343		—		256		—		256
Other derivatives	—		—		—		—		—		3		—		3
Total liabilities	$	—	$	352	$	—	$	352	$	—	$	262	$	—	$	262

(1) Government debt includes instruments such as U.S. treasury notes, U.S. agency securities and non-U.S. government bonds. Money market funds invested in government debt and traded in active markets are included in Level 1.