
	Fiscal 2023 Plan					Other prior year plans(1)		Total
	Severance and EER			Non-labor
	In millions
Accrued balance as of October 31, 2022	$	—		$	—	$	32	$	32
Charges	402			41		1		444
Cash payments	(172)			(15)		(35)		(222)
Non-cash and other adjustments	(142)		(2)	(8)		4		(146)
Accrued balance as of October 31, 2023	88			18		2		108
Charges	205			16		12		233
Cash payments	(173)			(18)		(5)		(196)
Non-cash and other adjustments	—			(5)		(2)		(7)
Accrued balance as of October 31, 2024	120			11		7		138
Charges	266			61		—		327
Cash payments	(230)			(14)		(4)		(248)
Non-cash and other adjustments	4			(50)		1		(45)
Accrued balance as of October 31, 2025	$	160		$	8	$	4	$	172
Total costs incurred to date as of October 31, 2025	$	873		$	118	$	878	$	1,869

Reflected in Consolidated Balance Sheet:
Other current liabilities	$	160		$	3	$	4	$	167
Other non-current liabilities	$	—		$	5	$	—	$	5

(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") plan of $139 for certain healthcare and medical savings account benefits to pension and post-retirement plans. See Note 4 “Retirement and Post-Retirement Benefit Plans” for further information.

On November 25, 2025, HP’s Board of Directors approved the Fiscal 2026 Plan intended to drive customer satisfaction, product innovation, and productivity through artificial intelligence adoption and enablement that HP expects will be implemented through fiscal 2028. 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 $650 million relating to labor and non-labor actions. HP expects to incur approximately $400 million in labor costs related to workforce reductions and expects the remaining costs to relate to non-labor actions and other charges.

On November 18, 2022, HP’s Board of Directors approved the Fiscal 2023 Plan intended to enable digital transformation, portfolio optimization and operational efficiency that HP implemented through fiscal 2025. The Fiscal 2023 Plan is substantially complete. HP does not expect any further significant costs associated with the plan. Approximately 9,500 employees departed as part of the plan through a combination of employee exits and voluntary EER. HP incurred $873 million in severance costs and $347 million in infrastructure costs related to non-labor and 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 non-recurring costs. HP incurred $78 million, $68 million and $83 million of other charges in fiscal year 2025, 2024 and 2023, respectively.