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Restructuring and Other Charges | 9 Months Ended
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Jul. 31, 2025
Restructuring and Related Activities [Abstract] |
Restructuring and Other Charges | Restructuring and Other Charges Summary of Restructuring Plans HP’s restructuring activities 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, 2024 | $ | 120 |  |  | $ | 11 |  |  | $ | 7 |  |  | $ | 138 |
Charges | 218 |  |  | 34 |  |  | — |  |  | 252 |
Cash payments | (175) |  |  | (10) |  |  | (3) |  |  | (188) |
Non-cash and other adjustments | 4 |  |  | (25) |  |  | — |  |  | (21) |
Accrued balance as of July 31, 2025 | $ | 167 |  |  | $ | 10 |  |  | $ | 4 |  |  | $ | 181 |
Total costs incurred to date as of July 31, 2025 | $ | 825 |  |  | $ | 91 |  |  | $ | 878 |  |  | $ | 1,794 |
Reflected in the Condensed Consolidated Balance Sheets |  |  |  |  |  |  |
Other current liabilities | $ | 167 |  |  | $ | 4 |  |  | $ | 4 |  |  | $ | 175 |
Other non-current liabilities | $ | — |  |  | $ | 6 |  |  | $ | — |  |  | $ | 6 |
Accrued balance as of October 31, 2023 | $ | 88 |  |  | $ | 18 |  |  | $ | 2 |  |  | $ | 108 |
Charges | 120 |  |  | 8 |  |  | 4 |  |  | 132 |
Cash payments | (141) |  |  | (11) |  |  | (4) |  |  | (156) |
Non-cash and other adjustments | — |  |  | (3) |  |  | (2) |  |  | (5) |
Accrued balance as of July 31, 2024 | $ | 67 |  |  | $ | 12 |  |  | $ | — |  |  | $ | 79 |
HP’s restructuring charges for the three months ended July 31, 2025 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 July 31, 2025 | $ | 77 |  |  | $ | 14 |  |  | $ | — |  |  | $ | 91 |
(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. 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 estimates that it will incur pre-tax charges of approximately $1.0 billion of which 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. On February 27, 2025, HP approved an amendment to the Fiscal 2023 Plan increasing its expected gross workforce reductions of 7,000 employees by approximately 1,000 to 2,000 employees. The changes to the workforce will vary by country, based on local legal requirements and consultations with employee works councils and other employee representatives, as appropriate. The Company anticipates incurring an additional $150 million in restructuring and other charges primarily related to labor costs in connection with the plan amendment. 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. For the three and nine months ended July 31, 2025, HP incurred $19 million and $50 million of other charges, respectively. For the three and nine months ended July 31, 2024, HP incurred $16 million and $48 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 -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SAB Topic 5.P.4.e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479823/420-10-S99-2 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (b)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482017/420-10-50-1 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482017/420-10-50-1 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/420/tableOfContent Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482017/420-10-50-1 + Details
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