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Financial Instruments (Tables)

6 Months Ended

Apr. 30, 2021

Investments, All Other Investments [Abstract]

Schedule of Cash Equivalents and Available-for-Sale Investments

Cash Equivalents and Available-for-Sale Investments

			As of April 30, 2021																								As of October 31, 2020
			Cost						Gross Unrealized Gain						Gross Unrealized Loss						Fair Value						Cost						Gross Unrealized Gain						Gross Unrealized Loss						Fair Value
			In millions
Cash Equivalents:
Corporate debt			$	1,374					$	—					$	—					$	1,374					$	1,700					$	—					$	—					$	1,700
Financial institution instruments			—						—						—						—						59						—						—						59
Government debt			931						—						—						931						2,173						—						—						2,173
Total cash equivalents			2,305						—						—						2,305						3,932						—						—						3,932
Available-for-Sale Investments:
Corporate debt(1)			—						—						—						—						169						—						—						169
Financial institution instruments(1)			12						—						—						12						32						—						—						32
Government debt(1)			—						—						—						—						73						—						—						73
Mutual funds			44						19						—						63						42						16						—						58
Total available-for-sale investments			56						19						—						75						316						16						—						332
Total cash equivalents and available-for-sale investments			$	2,361					$	19					$	—					$	2,380					$	4,248					$	16					$	—					$	4,264

(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

Contractual maturities of investments in available-for-sale debt securities were as follows:

			As of April 30, 2021
			Amortized Cost						Fair Value
			In millions
Due in one year			$	12					$	12

Schedule of Gross Notional and Fair Value of Derivative Financial Instruments in the Consolidated Condensed Balance Sheets

Gross notional and fair value of derivative instruments in the Consolidated Condensed Balance Sheets were as follows:

			As of April 30, 2021																														As of October 31, 2020
			Outstanding Gross Notional						Other Current Assets						Other Non-Current Assets						Other Current Liabilities						Other Non-Current Liabilities						Outstanding Gross Notional						Other Current Assets						Other Non-Current Assets						Other Current Liabilities						Other Non-Current Liabilities
			In millions
Derivatives designated as hedging instruments
Fair value hedges:
Interest rate contracts			$	750					$	2					$	—					$	—					$	9					$	875					$	4					$	—					$	—					$	3
Cash flow hedges:
Foreign currency contracts			16,783						72						9						242						82						15,661						148						30						199						37
Interest rate contracts			750						—						—						—						—						—						—						—						—						—
Total derivatives designated as hedging instruments			18,283						74						9						242						91						16,536						152						30						199						40
Derivatives not designated as hedging instruments
Foreign currency contracts			5,399						12						—						19						—						5,319						13						—						20						—
Other derivatives			150						2						—						—						—						142						—						—						3						—
Total derivatives not designated as hedging instruments			5,549						14						—						19						—						5,461						13						—						23						—
Total derivatives			$	23,832					$	88					$	9					$	261					$	91					$	21,997					$	165					$	30					$	222					$	40

Schedule of Offsetting Assets

As of April 30, 2021 and October 31, 2020, 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 April 30, 2021
Derivative assets			$	97					$	—					$	97					$	89					$	—		(1)						$	8
Derivative liabilities			$	352					$	—					$	352					$	89					$	316		(2)						$	(53)
As of October 31, 2020
Derivative assets			$	195					$	—					$	195					$	156					$	4		(1)						$	35
Derivative liabilities			$	262					$	—					$	262					$	156					$	130		(2)						$	(24)

(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 including any 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 April 30, 2021 and October 31, 2020, 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 April 30, 2021
Derivative assets			$	97					$	—					$	97					$	89					$	—		(1)						$	8
Derivative liabilities			$	352					$	—					$	352					$	89					$	316		(2)						$	(53)
As of October 31, 2020
Derivative assets			$	195					$	—					$	195					$	156					$	4		(1)						$	35
Derivative liabilities			$	262					$	—					$	262					$	156					$	130		(2)						$	(24)

(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 including any 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 and related hedged items in a fair value hedging relationship were as follows:

Derivative Instrument						Hedged Item						Location						Year						Total amounts of income/(expense) line items in the statement of financial performance in which the effects of fair value hedges are recorded						Gain/(loss) recognized in earnings on derivative instruments						Gain/(loss) recognized in earnings on hedged item
																								In millions
Three months ended April 30
Interest rate contract						Fixed-rate debt						Interest and other, net						2021						$	(26)					$	(7)					$	7
																		2020						$	—					$	10					$	(10)
Six months ended April 30
Interest rate contract						Fixed-rate debt						Interest and other, net						2021						$	(51)					$	(10)					$	10
																		2020						$	13					$	10					$	(10)

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 included in Accumulated other comprehensive loss was as follows:

			Three months ended April 30												Six months ended April 30
			2021						2020						2021						2020
			In millions
Gain/(loss) recognized in Accumulated other comprehensive loss on derivatives:
Foreign currency contracts			$	(21)					$	239					$	(387)					$	299
Interest rate contracts			$	—					$	(8)					$	—					$	(8)

The pre-tax effect of derivative instruments in cash flow hedging relationships included in earnings were as follows:

			Total amounts of income/(expense) line items in the statement of financial performance in which the effects of cash flow hedges are recorded																								Gain/(loss) reclassified from Accumulated  other comprehensive loss into earnings
			Three months ended April 30												Six months ended April 30												Three months ended April 30												Six months ended April 30
			2021						2020						2021						2020						2021						2020						2021						2020
			In millions
Net revenue			$	15,877					$	12,469					$	31,523					$	27,087					$	(146)					$	62					$	(189)					$	123
Cost of revenue			(12,437)						(9,976)						(24,759)						(21,722)						(4)						(10)						(10)						(11)
Other operating expenses			(2,078)						(1,667)						(4,081)						(3,674)						1						1						1						—
Total			$	1,362					$	826					$	2,683					$	1,691					$	(149)					$	53					$	(198)					$	112

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 recognized in Interest and other, net in the Consolidated Condensed Statements of Earnings for the three and six months ended April 30, 2021 and 2020 was as follows:

			Gain/(loss) recognized in earnings on derivative instrument
									Three months ended April 30												Six months ended April 30
			Location						2021						2020						2021						2020
									In millions
Foreign currency contracts			Interest and other, net						$	(23)					$	25					$	(9)					$	17
Other derivatives			Interest and other, net						2						—						5						5
Total									$	(21)					$	25					$	(4)					$	22

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