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Borrowings | 9 Months Ended
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Jul. 31, 2025
Debt Disclosure [Abstract] |
Borrowings | Borrowings Notes Payable and Short-Term Borrowings
| As of July 31, 2025 |  | As of October 31, 2024
| Amount Outstanding |  | Weighted-Average Interest Rate |  | Amount Outstanding |  | Weighted-Average Interest Rate
| In millions
Current portion of long-term debt | $ | 772 |  |  | 3.3 | % |  | $ | 1,358 |  |  | 5.0 | %
Notes payable to banks, lines of credit and other | 48 |  |  | — | % |  | 48 |  |  | — | %
Total notes payable and short-term borrowings | $ | 820 |  |  |  |  | $ | 1,406 |  |  |
Long-Term Debt
| As of
| July 31, 2025 |  | October 31, 2024
| In millions
U.S. Dollar Global Notes(1) |  |  |
$1,150 issued at discount to par at a price of 99.769% at 2.20%, due June 2025 | $ | — |  |  | $ | 1,150 |
$1,000 issued at discount to par at a price of 99.808% at 1.45%, due June 2026 | 522 |  |  | 521 |
$1,000 issued at discount to par at a price of 99.718% at 3.00%, due June 2027 | 999 |  |  | 999 |
$900 issued at discount to par at a price of 99.841% at 4.75%, due January 2028 | 899 |  |  | 899 |
$1,000 issued at discount to par at a price of 99.767% at 4.00%, due April 2029 | 999 |  |  | 999 |
$500 issued at discount to par at a price of 99.732% at 5.40%, due April 2030 | 499 |  |  | — |
$850 issued at discount to par at a price of 99.790% at 3.40%, due June 2030 | 503 |  |  | 503 |
$1,000 issued at discount to par at a price of 99.573% at 2.65%, due June 2031 | 997 |  |  | 997 |
$1,000 issued at discount to par at a price of 99.966% at 4.20%, due April 2032 | 676 |  |  | 676 |
$1,100 issued at discount to par at a price of 99.725% at 5.50%, due January 2033 | 1,098 |  |  | 1,098 |
$500 issued at discount to par at a price of 99.778% at 6.10%, due April 2035 | 499 |  |  | — |
$1,200 issued at discount to par at a price of 99.863% at 6.00%, due September 2041 | 1,199 |  |  | 1,199 |
$500 issued at par at a price of 100% at 4.75%, due March 2029 | 3 |  |  | 3 |
| 8,893 |  |  | 9,044 |
Other borrowings at 1.46%-7.46%, due in fiscal years 2025-2032 | 711 |  |  | 645 |
Fair value adjustment related to hedged debt | (3) |  |  | (21) |
Unamortized debt issuance cost | (47) |  |  | (47) |
Current portion of long-term debt | (772) |  |  | (1,358) |
Total long-term debt | $ | 8,782 |  |  | $ | 8,263 |
(1)HP may redeem some or all of the fixed-rate U.S. Dollar Global Notes at any time in accordance with the terms thereof. The U.S. Dollar Global Notes are senior unsecured debt. In April 2025, HP completed its offering of $1.0 billion aggregate principal amount of senior unsecured notes, consisting of $500 million of 5.40% notes due April 2030 and $500 million of 6.10% notes due April 2035. HP incurred issuance costs of $9 million. HP will pay interest semi-annually on each series of the notes on April 25 and October 25, beginning October 25, 2025. In April 2025, a series of forward starting swaps and a treasury rate lock totaling $825 million notional amount were settled to mitigate the treasury rates volatility associated with this debt issuance. HP used the net proceeds from the offering of the notes for general corporate purposes, including, together with cash on hand, the repayment of the Global Notes due June 2025 upon maturity. As disclosed in Note 7, “Financial Instruments,” HP uses interest rate swaps to mitigate some of the exposure of its debt portfolio to changes in fair value resulting from changes in benchmark interest rates. Interest rates shown in the table of long-term debt have not been adjusted to reflect the impact of any interest rate swaps. Commercial Paper As of July 31, 2025, HP maintained a U.S. commercial paper program for the issuance of U.S. dollar-denominated commercial paper up to a maximum aggregate principal amount of $6.0 billion. The principal amount outstanding under this program and certain short-term borrowings at any time cannot exceed a $6.0 billion authorization by HP’s Board of Directors. Credit Facility As of July 31, 2025, HP maintained a $5.0 billion 5-year sustainability-linked senior unsecured committed revolving credit facility, which HP entered into on August 1, 2024. Commitments under the revolving credit facility will be available until August 1, 2029. Commitment fees, interest rates and other terms of borrowing under the revolving credit facility vary based on HP’s external credit ratings and certain sustainability metrics. Funds borrowed under the revolving credit facility may be used for general corporate purposes. As of July 31, 2025, HP was in compliance with the covenants in the credit agreement governing the revolving credit facility. Available Borrowing Resources As of July 31, 2025, HP had available borrowing resources of $1.1 billion from uncommitted lines of credit in addition to funds available under the revolving credit facility.

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