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Supplementary Financial Information
 6 Months Ended
Apr. 30, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Supplementary Financial Information Supplementary Financial Information
Cash, cash equivalents and restricted cash
 As of
 April 30, 2023October 31, 2022
 In millions
Cash and cash equivalents$1,923 $3,145 
Restricted cash(1)
17 — 
$1,940 $3,145 
(1)    Restricted Cash is related to amounts collected and held on behalf of a third party for trade receivables previously sold.

Accounts Receivable
The allowance for credit losses related to accounts receivable and changes were as follows:
 Six months ended April 30, 2023
 In millions
Balance at beginning of period$107 
Benefit of allowance for credit losses(10)
Deductions, net of recoveries(5)
Balance at end of period$92 
HP utilizes certain third-party arrangements in the normal course of business as part of HPs cash and liquidity management and also to 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, 2023 and October 31, 2022 were not material.
The following is a summary of the activity under these arrangements:
Three months ended April 30Six months ended April 30
 2023 20222023 2022
 In millions
Balance at beginning of period(1)
$128 $121 $185 $131 
Trade receivables sold3,179 3,002 6,857 5,969 
Cash receipts(3,136)(2,941)(6,888)(5,914)
Foreign currency and other3 (9)20 (13)
Balance at end of period(1)
$174 $173 $174 $173 
(1) Amounts outstanding from third parties reported in Accounts receivable in the Consolidated Condensed Balance Sheets.
Inventory
 As of
 April 30, 2023October 31, 2022
 In millions
Finished goods$3,986 $4,885 
Purchased parts and fabricated assemblies3,235 2,710 
$7,221 $7,595 

Other Current Assets
 As of
 April 30, 2023October 31, 2022
 In millions
Prepaid and other current assets$1,539 $2,170 
Supplier and other receivables1,299 1,377 
Value-added taxes receivable887 968 
$3,725 $4,515 

Property, Plant and Equipment, net
 As of
 April 30, 2023October 31, 2022
 In millions
Land, buildings and leasehold improvements$2,273 $2,255 
Machinery and equipment, including equipment held for lease5,361 5,337 
7,634 7,592 
Accumulated depreciation(4,863)(4,818)
$2,771 $2,774 

Other Non-Current Assets
 As of
 April 30, 2023October 31, 2022
 In millions
Deferred tax assets$3,092 $2,159 
Intangible assets1,776 1,933 
Right-of-use assets1,241 1,236 
Prepaid pension and post-retirement benefit assets541 679 
Deposits and prepaids504 474 
Other800 990 
$7,954 $7,471 
Other Current Liabilities
 As of
 April 30, 2023October 31, 2022
 In millions
Sales and marketing programs$2,913 $2,967 
Deferred revenue1,377 1,393 
Other accrued taxes1,024 1,064 
Employee compensation and benefit998 954 
Warranty580 619 
Operating lease liabilities451 405 
Tax liability379 286 
Other2,755 2,963 
$10,477 $10,651 

Other Non-Current Liabilities
 As of
 April 30, 2023October 31, 2022
In millions
Deferred revenue$1,215 $1,171 
Tax liability934 931 
Operating lease liability885 875 
Pension, post-retirement, and post-employment liabilities599 600 
Deferred tax liability37 121 
Other786 858 
$4,456 $4,556 

Interest and other, net
 Three months ended April 30Six months ended April 30
 202320222023 2022
 In millions
Interest expense on borrowings$(153)$(74)$(297)$(136)
Loss on extinguishment of debt— — (8)— 
Non-operating retirement-related credits$13 $36 25 72 
Factoring costs(1)
(30)— (62)— 
Other, net10 (1)1 (7)
$(160)$(39)$(341)$(71)
(1) For the three and six months ended April 30, 2022, Factoring costs were included in Selling, general and administrative and were not material.
Net revenue by region
Three months ended April 30Six months ended April 30
 202320222023 2022
 In millions
Americas$5,452 $6,903 $11,225 $13,762 
Europe, Middle East and Africa4,388 6,022 9,028 11,958 
Asia-Pacific and Japan3,073 3,565 6,488 7,798 
Total net revenue$12,913 $16,490 $26,741 $33,518 

Value of Remaining Performance Obligations
    As of April 30, 2023, the estimated value of transaction price allocated to remaining performance obligations was $3.7 billion. HP expects to recognize approximately $1.7 billion of the unearned amount in next 12 months and $2.0 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, 2023 and October 31, 2022, HP’s contract liabilities balances were $2.6 billion and $2.5 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, 2023, was primarily driven by sales of fixed-price support and maintenance services, partially offset by $0.8 billion of revenue recognized that was included in the contract liabilities balance as of October 31, 2022.