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Restructuring and Other Charges | 6 Months Ended
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Apr. 30, 2023
Restructuring and Related Activities [Abstract] |
Restructuring and Other Charges | Restructuring and Other Charges Summary of Restructuring Plans HP’s restructuring activities for the six months ended April 30, 2023 and 2022 summarized by plan were as follows:
| Fiscal 2023 Plan |  |  |  |
| Severance and EER |  | Non-labor |  | Other prior-year plans(1) |  | Total
| In millions
Accrued balance as of October 31, 2022 | $ | — |  |  | $ | — |  |  | $ | 32 |  |  | $ | 32 |
Charges | 294 |  |  | 13 |  |  | 2 |  |  | 309 |
Cash payments | (92) |  |  | (8) |  |  | (35) |  |  | (135) |
Non-cash and other adjustments | (141) |  | (2) | (5) |  |  | 3 |  |  | (143) |
Accrued balance as of April 30, 2023 | $ | 61 |  |  | $ | — |  |  | $ | 2 |  |  | $ | 63 |
Total costs incurred to date as of April 30, 2023 | $ | 294 |  |  | $ | 13 |  |  | $ | 867 |  |  | $ | 1,174 |
Reflected in Consolidated Condensed Balance Sheets |  |  |  |  |  |  |
Other current liabilities | $ | 61 |  |  | $ | — |  |  | $ | 2 |  |  | $ | 63 |
Accrued balance as of October 31, 2021 | $ | — |  |  | $ | — |  |  | $ | 75 |  |  | $ | 75 |
Charges | — |  |  | — |  |  | 145 |  |  | 145 |
Cash payments | — |  |  | — |  |  | (141) |  |  | (141) |
Non-cash and other adjustments | — |  |  | — |  |  | (32) |  |  | (32) |
Accrued balance as of April 30, 2022 | $ | — |  |  | $ | — |  |  | $ | 47 |  |  | $ | 47 |
HP’s restructuring charges for the three months ended April 30, 2023 summarized by the plans outlined below were as follows:
| Fiscal 2023 Plan |  |  |  |  |
| Severance and EER |  | Non-labor |  | Other prior-year plans(1) |  |  |  | Total
| In millions
For the three months ended April 30, 2023 | $ | 172 |  |  | $ | 4 |  |  | $ | 2 |  |  |  |  | $ | 178 |
(1) Primarily includes the fiscal 2020 plan along with other legacy plans, all of which are substantially complete. HP does not expect any further material activity associated with these plans. (2) Includes reclassification of liability related to the Enhanced Early Retirement (“EER”) program of $139 million for pension and post-retirement plan special termination benefits. See Note 4 “Retirement and Post-Retirement Benefit Plans” for further information. Fiscal 2023 Plan On November 18, 2022, HP’s Board of Directors approved the Future Ready Plan (the “Fiscal 2023 Plan”) intended to enable digital transformation, portfolio optimization and operational efficiency which HP expects will be implemented through fiscal 2025. HP expects to reduce global headcount by approximately 4,000 to 6,000 employees. HP estimates that it will incur pre-tax charges of approximately $1.0 billion relating to labor and non-labor actions. HP expects to incur approximately $0.7 billion primarily in labor costs related to workforce reductions and the remaining costs will relate to non-labor actions and other charges. Other charges Other charges include non-recurring costs, including those as a result of information technology rationalization efforts and transformation program management costs, and are distinct from ongoing operational costs. These costs primarily relate to third-party professional services and other costs. For the three and six months ended April 30, 2023, HP incurred $22 million and $32 million of other charges, respectively. For the three and six months ended April 30, 2022, HP incurred $4 million and $5 million of other charges, respectively.

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- Definition The entire disclosure for restructuring and related activities. Description of restructuring activities such as exit and disposal activities, include facts and circumstances leading to the plan, the expected plan completion date, the major types of costs associated with the plan activities, total expected costs, the accrual balance at the end of the period, and the periods over which the remaining accrual will be settled. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SAB Topic 5.P.4(e)) -URI https://asc.fasb.org/extlink&oid=115931487&loc=d3e140904-122747 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=6394359&loc=d3e17939-110869 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -URI https://asc.fasb.org/topic&trid=2175745 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (e) -URI https://asc.fasb.org/extlink&oid=6394359&loc=d3e17939-110869 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (b)(2) -URI https://asc.fasb.org/extlink&oid=6394359&loc=d3e17939-110869 + Details
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